Verifying the variance

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.

Government Jobs- Why People Want Them

Gov job is one of the options that offers much security in job. If you are a gov employee there are various types of benefits offered to you. You are even protected by a union which fulfills all your basic needs.

This is the only reason why more and more people are looking or moving towards government jobs. Sometimes, there arise a situation like recession or job insecurity. One of the safest and secure way is to join any of the department in the government sector. Like all other searches for other departments or fields, a government job search is one of the ways of letting the public know various opening in the government sector.

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There are various ways on how to land a career in gov sector. One of the traditional ways is to search all the classified ads of your local newspaper where you may find hosts for your jobs. The second way is to refine your job that suits your profile and go online. There are lot of websites available online who provide the latest notifications of all the upcoming jobs. There are various government agencies who are using the power of Internet not only to notify the candidates about the latest government jobs, but to recruit the workers as well.

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You may visit a specific website of various gov agencies and confirm whether they have job openings where you can apply. These websites help the aspirants in many ways like they list all the requirements that you need to have such as eligibility criteria, age required, examination fee or skills required. Nowadays, there are several agencies available, who provide recent information about the latest government jobs.

In past few decades, there has been a lot of competition in chasing a private job. Currently, people these days prefer government sector instead of private sector. This is so because if we compare private sector with the government sector. There are numerous benefits available in the government sector. In government sector, job is secure, there are chances of getting high perks and promotions. One may pass this government job to their children this one of the important factors, which is only available in the government sector not in the private sector.

Becoming a govt employee is the dream of million aspirants, but only a few among these aspirants have the chance to join government sector. There are various job alert websites available which helps in saving valuable time of the job aspirants. These serve as a helping hand in landing the aspirants their dream job.

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You must spend your time on the preparations and should be ready with an impressive resume. Visit our website regularly for getting the latest information regarding job which fits your skills. We have listed the opening state wise. To know more about the upcoming jobs, visit our website regularly. Find all the latest notifications of SSC, UPSC , officers, sales, banking, teachers, central and state government police etc.

Unleashing the Future: Innovative Schooling at Ela Green

Introduction:

Ela Green School is a beacon for creative learning and education. It is located in Chengalpattu, a vibrant city, and has been recognized as one of the top international schools in Chengalpattu having an IB syllabus. Ela Green School is among the best international schools in Chennai and Tamil Nadu for its commitment to excellence and sustainability.

Student-Centered Learning at Its Core:

At Ela Green School, it is all about students. The school does not believe in a one-size-fits-all model but encourages diversity of talents and interests. This individualized approach enables students to love learning and aspire to reach their greatest potential.

Instilling Environmental Importance:

Ela Green knows nothing about environmentalism as an abstract concept; rather it practices what it teaches. Students are involved in activities that underline the importance of sustainability and conservation. Students will discover how they impact their surroundings by engaging them in recycling programs, energy conservation strategies, or eco-friendly techniques.

Practicing Sustainability On Campus:

The school’s dedication to sustainability also extends beyond the classroom walls. Every aspect of Ela Green School, from eco-friendly infrastructures to green spaces, has been developed with sustainability objectives in place. This helps reduce carbon emissions by the school while it also becomes a living example for pupils’ imitation.

Teaching Agricultural Processes:

Consequently, one of the most salient features of Ela Green’s curriculum is its emphasis on agricultural studies. Rather than just teaching about agriculture as a subject matter; our students get engaged in farming projects themselves with real harvests. Participating in things like gardening or sustainable farming gives learners insights into food production, environmental ramifications, and the significance of agricultural longevity.

Empowering Future Leaders:

Beyond being just an educational institution, Ela Green is a launching pad for future leaders. The school blends academic challenges with practical experiences preparing young people to be accountable global citizens. The graduates of this school possess not only a strong background in academics but also a sense of responsibility toward the environment and a passion for making a positive impact on the world.

Conclusion:

At Ela Green School, they have remained steadfast in their quest to provide an experience that is life-changing even in a rapidly changing world. It remains one of Tamil Nadu’s leading IB schools which continues to inspire and empower the next group of leaders shaping a brighter and more sustainable tomorrow.