Explain in your own word Speech or Presentation Example | Topics and Well Written Essays - 750 words

Explain in your own word - Speech or Presentation Example The anti-derivatives of the function in this part are non-existent. The rule can be utilised in situations when a limit has been ascertained to be in existence. The rule is utilised in establishing functions of limits within a situation where the limit is presumed to exist, but the value remains unknown. The rule can be utilised in calculating limits within real numbers, negative and positive infinities(Krantz, 2004). Within these circumstances, the functional values are assumed to be differentiable. The rule simply applies to situation presenting finite or infinite derivatives. The rule should be used in finding limits in cases presenting a single application. When two applications are utilised the limit values calculation provides the original value. Where more than two applications exist, an answer can never be gotten The series works through providing approximations which are infinitely differentiable. The approximation method utilises partial sums in providing estimations to an entire unknown function of a series. It utilises the first terms of a Taylor series to solve problems regarding some restricted domains in advanced stages of a series. Integration can be defined as a mathematical concept utilised in calculus and is an inverse to differentiation. Integration consists of the area which is normally bounded by a graph and the subsequent axis. An example of an integral value calculated through integration would be amount of water in an irregularly shaped swimming pool. Knowing the various dimensions of the swimming pool, the water becomes surrounded by the walls, hence becoming the integral. Integration solves problems relating to area of irregularly shaped forms. It solves these problems through utilisation of regular shapes like squares, and then effectively converting the irregular shape to a regular shape. c) Give an example of were optimization might be used in the

Strategic Management Accounting Essay Example | Topics and Well Written Essays - 3000 words - 1

Strategic Management Accounting - Essay Example Success can be measured by ensuring that the output is as per the desired estimation from the pre-decided input and effort (Rathore, 2009; Siddiqui, 2006). In such situation, responsibility accounting signifies classifying the financial information that is related to the areas associated with the organisational activity. After considering these financial aspects the responsibilities are allocated for controlling different areas of operations. These areas are also known as responsibility centres. There are various types of responsibility centres, such as cost centre, profit centre, revenue centre, and investment centre (Rao, 2007). The financial performance in the organisation are measured and monitored by the managers by considering the relative measures of profitability. ROI is also a relative measure of financial performance that can be utilised for comparison with the other investments. It also assists in providing a summary of the post return on the capital employed. The concept of ROI is based on the yield or benefit that investors reap on investments (Megginson and Smart, 2008). ROI = (Revenue – Investment) / Investment * 100 (Jupri, n. ... The focus of ROI is towards profit, and the data required for such calculating is easily available. Apart from this, the size of the divisions does not affect the calculation, and the managers can easily choose the projects with higher ROI. However, ROI ignores various risks, and considers historic measures. In this case the projects which have slow payoff are generally rejected. This also encourages managers to shift their focus towards short-run than long-run (Kimmel, Weygandt and Kieso, 2008). Apart from ROI, EVA is another tool for measuring financial performance that has become popular among the managers. In this case the performance is calculated on the basis of the residual wealth of the organisation that is deducted by the cost of capital from the operating profit. This is also referred as the economic profit. The formula for calculating EAV is stated below EVA = NOPAT (Net Operating Profit after Taxes) – (Capital * Cost of Capital) The organisation having a positive E VA is said to have yielded profit or wealth, while organisation with negative EVA is said to have consumed the capital. The strength of EVA is that it acts as a major indicator of wealth creation and accordingly assists the managers in streamlining the goals of the division or plant with the corporate goals (Ingram, Albright and Ingram, 2006). However, there are certain limitations in this method, especially when it comes to the size of the division or organisation, or financial orientations. Both the methods discussed here suffer from the drawback of tempting managers with short-term profits. EVA is particularly used for aspects like incentive compensation, investor relations, and resource allocation. The premise in this case is