Im One Archie Anderson Essay Example | Topics and Well Written Essays - 750 words

Im One Archie Anderson - Essay Example Environmental campaigns have also raised the need for alternative, renewable sources of energy within the society to conserve natural resources for posterity. The issue of environmental pollution caused by the burning of the fuels from this industry has led to an extensive criticism of the oil and gas industry in a harsh way. The I’m One Campaign sought to handle these crises by documenting all the benefits oil and gas to the American society. It reviews numerous aspects in which oil and gas are fundamental to the society to persuade them to support the industry. The advertisements states facts about the dependence of oil and the benefits it has to the American fraternity. Jobs, education and day to day activities within the American society get reviewed in the advertisement, and their relation to the existence of oil gets developed in the advertisement to enlighten the American consumers. (AmericanPetroleumInstitute) According to the campaign, 9.2 billion jobs in the US get maintained by the gas and oil industry. The capitalist nature of the US makes this statistic a welcome one as the citizens are in a constant mission to attain economic stability. The recession hit the country dearly leading to reduced job security, and thus any effort to improve the situation shall get immense support. This advertisement aims at this niche to enable the embracing of the oil and gas industry. The jobs that got covered in the campaign that get supported by the oil and gas industry were numerous. Among them were mechanics, power pricers, researchers, marketing coordinators, design engineers, field engineers, chemists, landmen and environmental, health and safety technicians. This long list in their advertisement brings out the quantity aspect of the benefits of the oil and gas industry. It goes to a personal level in naming the respective discipline apart from mentioning the staggering statistic of 9.2 billion

Budgeting Essay Example | Topics and Well Written Essays - 2500 words

Budgeting - Essay Example Initially, traditional budgeting acted as the only alternative for budgeting. But, in the recent phenomenon, budgeting has come up with several alternatives. It can be affirmed in this regard that traditional budgeting is often criticized as sufficient enough to support global companies in attaining their desired targets. In this regard, several budgeting processes, with new innovative ideas and broader perspectives, have been developed in order to deal with the changing business scenario (Finkler & et. al., 2008). With this concern, this paper intends to explain the problems along with the weaknesses of traditional budgeting and identifying possible strategies to overcome those problems or weaknesses. Moreover, the discussion in this paper would also emphasize the benefits that an organization can anticipate while making changes in the traditional budgeting procedure, applying the concept of ‘Beyond Budgeting’. A Brief Overview of Budgeting Budgeting is regarded as a pr ocess of making a financial plan, wherein efforts are made by the accountants or the business owners to meet the strategic goals of the organization facing minimum or no hindrances in terms of financial resource scarcity or misuse of financial resources. ... It has often been praised as a strategic tool that can broadly enhance the interrelation between the units and the departments to work together efficiently, which in turn reduces the chances of failure in sharing critical information. Budgeting process acts as a motivational aspect that again helps the managers as well as the employees to work more productively making better use of the resources available. It can be apparently viewed that most of the companies follow previous year budget plan in order to acquire a brief idea about how well they had performed and forecast a plan to overcome deficiencies in the upcoming future. This further advocates that the budgeting process needs to be formalized and quantified (Fontinelle, 2013). Failure in making proper budgeting will eventually lead towards the wastage of organizations’ scarce resources, time and manpower among others. The goals that are set by the budgeting process should therefore be realistic and idealistic in nature, t o assure greater benefits of the budget planning (Donovan, 2005). In this regard, several large scale companies may hire accountants or other professionals in order to outline the business budget, while in relation to the case of small companies, it is the owners or the officials belonging to the top management team, who are responsible for preparing budget plans (Donovan, 2005; Wallander, 1999). Problems and Weaknesses of Traditional Budgeting Cautiously planned approaches and continuous reviews of finances are few of the key concerns required to be followed in order to run a business. Budgeting, along with forecasting of financial statements, as included in the paradigm of accounting, play an imperative role in managing financial information in accordance with the