atiitunt.icu

Variance shows the change from a particular period to another which can be in months, quarters, or years. According to Garrison, Noreen, and Brewer (2003), variance analysis is necessary when evaluating the financial statements and departmental level budgets for the overall financial health of an organization or department. The calculation of variance helps to establish whether an organization is growing or not and at what rate. Variance analysis provides the management team with concrete information on how to make business decisions that would strengthen the financial position of an organization (Garrison, Noreen & Brewer, 2003). The Northeast Health System appears stable in various financial aspects but with normal changes between 2010 and 2011. The health system income statement shows that there was a decrease in the total unrestricted revenue and support in 2011 as compared to 2010 though the total expenses reduced from 2010 to 2011. However, the changes in unrestricted net assets show that year 2011 ended with negative (-) changes as compared to 2010 probably due to huge pension and post-retirement remittances in 2011.

From the variances data obtained, the major positive variances between 2010 and 2011 are observed in cash and cash equivalents (41.3), excess of revenue and gains over expenses (223), net assets from restrictions of purchase of property (68.3), and pension and post-retirement related adjustments (390.3). The significant negative variances are observed in prepaid expenses and other current assets (-87.9), non-operating gains (-197.4), change in net unrealized gains and losses on investments (-170.9), total other changes in unrestricted net assets (-578.1), and a decrease in unrestricted net assets (-283.6). The variances show that there were significant differences in particular aspects of the financials of Northeast Health System both positive and negative.

According to the proportional allocation analysis data, the most significant positive proportions are net patient service revenue for both 2010 and 2011[98.0 (2011); 97.7 (2010], income from operations in 2011 (211.9), change in net unrealized gains and losses on investments in 2011 (167.1), and decrease in unrestricted net assets in 2011 (158.1). The most significant negative proportions from the analysis data are non-operating gains in 2011 (-111.8), and pension and post-retirement related adjustments in 2011 (-76.4).

Most of the financial aspects of Northeast Health System are not heading in the right direction since most of the variances are negative. It shows that the financial health of the firm in 2010 was better than that of 2011. However, the variances in pension and post-retirement related adjustments and excess of revenue and gains over expenses shows that there were more expenses on the two items in 2011 than 2010. Regarding the firm liabilities, the changes were not significant that showed a level of stability. The firm’s assets appear to be on a downfall trend which reveals of some losses or depreciation. For the proportion allocation analysis, it is evident that unrestricted revenues and support decreased in 2011 as compared to 2010, total expenses also reduced in 2011 thereby making the gains over expenses to increase in 2011 as compared to 2010. The major problem experienced in 2011 was the increase in pension and postretirement adjustments as well as fluctuations in unrealized gains and losses on investments.

I would recommend certain actions to the Northeast Health System regarding decreasing or increasing the significant variances and proportional allocations. First is to reduce the accrued wages and vacation payable, the accrued pension liability, and professional liability reserves. The Health facility ought to diversify on the mechanisms of revenue generation to ensure there is an increase in cash flow. The allocations for pension and post-retirement adjustments ought to be controlled to avoid the rapid changes in unrestricted net assets.

Dismissal from program and request to continue the program
Due to insufficient academic performance (e.g. more resits than allowed)

Due to lack of academic progress (e.g. participant does not fulfill the degree requirements within the program duration or within five (5) academic years)

Due to failure of the performance segment (Master Thesis or Final Project)

Academic Misconduct (i.e. plagiarism, exam fraud, forgery and academic outsourcing)

Request for transfer of credits or exemptions (waivers)

Request to resume the (Master) study

Receiving a certificate or degree

Request for Extension / Deferral of:

(Master) study

Coursework

Master Thesis or Final Project

Other, please specify: ………………………………………………………………………….

Attachments
(Please submit all related supporting documents. Withholding information could have negative consequences for the final decision taken by the MSM Examination Board)

Examination Script Assignment Script

Examination Questions Assignment Description

Examination Model Answers Grade Objection Form

Case(s) used during Examination/Assignment Overall Grade Transcript

Master Thesis or Final Project Ephorus Report
Thesis or Project Evaluation Form BHAP

Reporting Academic Misconduct Form
Verification documents e.g. doctor’s certificate for personal distress

Other, namely: …………………………………………………………………………………

Motivation for personal distress (If applicable)

(Reasons beyond the control of the participant, such as health issues, deceased family etc.)

My purpose of completing my thesis is so that I can get a chance to advance my studies and also have an opportunity of moving to the next level in my career. At the moment, in the job I am working, I tend not to earn sufficient income that will help cater for my needs. I am looking forward to work in a higher position that will provide me with the chance of earning a good amount of money. In doing this, I will be able to help my husband as I am planning to go back to England. Since my husband lives in England, my plan is that when I decide to go back to England, I will have earned enough money from my job that I will use and assist my husband in buying a house as we are planning to start a life there. My husband’s salary is not enough to cater for all expenses, which includes buying a house. As we all know, life in England tend to be very expensive and to own a house; there is a lot of money that is needed so as to purchase a good house. In most places in England, houses tend to cost an awful lot, and the wages have not been able to keep pace with inflation or raised the same as house prices. I am 47 years old, and I do not have children yet because my salary and that of my husband is not enough to cater for the needs that come with having a family. Although I am planning on having babies very soon, I want them to be raised in England, and I want to ensure that we have our house before bringing any life to this world. Therefore, my plan is to complete my MBA and use it so as to get a better job that will help me earn a good salary and be able to live a decent life together with my husband and our children. I want to have my children because there is no more time to wait as I will be reaching 50 very soon and my husband is already at his 50s. I believe that completing my MBA will have a significant impact on my life and because of this; I have committed all my time and effort to ensuring that I perform well in my studies.

Motivated Reaction/ Request

(Please clearly motivate and be as precise as possible.

Information or supporting documents withheld could have negative consequences for the final decision taken by the MSM Examination Board)

When writing my thesis, I made sure that I observed all the instructions provided by my supervisor. At first, I wrote the project proposal describing the background of research, the aims, and the planned experiments. I made sure that I observed all the rules and regulations when writing a thesis. One important factor that I understood was the issue of plagiarism. Plagiarism tends to be a serious academic offense, and the school does have a strict rule regarding plagiarism. There are certain consequences for those who do not observe this rule as it can result in the immediate expulsion from the MBA program. So as to ensure that my thesis was up to standard, I considered submitting the thesis in two software so as to check for plagiarism. The software that I used was When I first checked for plagiarism, I realized that the paper had a high percentage of more than 25%. Therefore, I put effort to reduce the plagiarism rate to as low as 2% and finally got the result between 2% and 15%. When writing the thesis, my plan was to make sure that the work was original and no part of the thesis was copied from another source or students work except in areas where due acknowledgment was made. In addition to following the rules regarding plagiarism, I also made sure that I followed the requirements for working with human participants. Before doing the research, I made sure that I obtained ethical approval before starting my project. I ensured confidentiality of the participants, informed consent, and none of the participants were forced to participate in the study. By following all the guidelines and rules set when conducting a study involving human participants, I am confident that I did not violate any of the rules when doing my thesis. Before doing my thesis, I ensured that I understood all the policies and regulations involved and I believe that I did not violate any of the set rules.

Declaration:

I have read the Education and Examination Regulations (EER), which contains information on MSM, Core Values and the Participant Code of Conduct applying to the program or the Program Booklet applying to the EP programs.
I understand and accept these policies and regulations.