Resources

Academia & Research (Steps to understanding the Concept and Research Methods in Accounting)

Profit and profitability are two distinct concepts, notwithstanding their close ties and mutual dependence. In other words, even though they are all generic, they each play a specific role in businesses. Profit as an absolute concept is irrelevant for evaluating the effectiveness of a commercial organization. Low profitability is not usually a sign of unhealthy organizational performance, and a very large profit does not always imply solid organizational efficiency. As a result, it can be claimed that profit is not the main factor that should be used to compare an organization’s operational and financial efficiency. Profitability analysis is regarded as one of the greatest methods for measuring operational efficiency and the productivity of capital utilization. The main goal of any study should be to gain a comprehensive understanding of the company’s profitability by utilizing secondary data, such as annual reports and accounts of the company chosen for the study. This is especially true when it comes to accounting research work. Numerous ratios must be calculated to examine the profitability of the organizations chosen for the study using ratio analysis. To interpret the data, statistical methods such as average, standard deviation, and coefficient of variation must be employed. The final step is testing the hypothesis using the t or z test 1. At DOC Downer Business Solutions & Academic Services we know it is important that we provide the students and scholars with the right tools to guide them with their coursework, research, and dissertation thesis by providing step-by-step guidance in choosing the right concepts, methodology and data collection to interpreting and test the data and their hypothesis.
1 Source: Tulsian-Bansal., M (2014). IOSR Journal of Economics and Finance (IOSR-JEF). e-ISSN: 2321-5933, p-ISSN: 2321-5925.Volume 3, Issue 2. Ver. I (Mar. 2014), PP 01-00 www.iosrjournals.org

Financial Analysis: (Businesses)

At Doc Downer business solutions we offer financial analysis to the companies and businesses to evaluate their financial position and give recommendation for corrective actions. A business unit’s primary goal is to earn a profit. The profitability study is carried out to shed light on the business enterprises’ existing operational effectiveness and efficiency. It should be emphasized that unless net income is correlated with other numbers such as sales, cost of goods sold, operational expenses, capital invested, etc., it is not particularly useful in assessing the effectiveness and success of the business entity. Since this is the only criterion for determining the total effectiveness of a company concern, the profitability ratios are calculated to illuminate the outcome and comparison of commercial firms (Tulsian, M., 2014). Therefore, we will be using all these tools and more to improve your liquidity, debt and profitability position and help achieve your financial goals.
Reference: Tulsian, M., (2014). IOSR Journal of Economics and Finance (IOSR-JEF). Profitability Analysis (A comparative study of SAIL & TATA Steel).

“Executives who implement leadership development programs possess the capability to develop and prepare leaders for employee reactions to organizational issues and concerns (Abrell, Rowold, Weibler & Moenninghoff, 2011). Leadership development programs aid in the improvement of leaders and potential leaders within an organization (Abrell et al., 2011). Leadership development programs focus on leadership responsibilities or activities in the areas of job satisfaction, motivation, performance problems and developing a functioning work environment (Abrell et al., 2011). Smet, Lavoie, and Hioe (2012) focused on the importance of developing better leaders. Placing the development of quality leaders at the center of a major operational-improvement program would be an excellent idea to deploy a new production system around the globe.”

Hills, K. N. (2015). Communication strategies to generate employee job satisfaction (Doctoral dissertation, Walden University). https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=2601&context=dissertations

“Leadership communication affects employee behaviors, job satisfaction, productivity, and growth among leaders and employees (Omoruyi, Chipunza, & Samuel, 2011; Phipps, Prieto, & Ndinguri, 2013). Leaders who support and communicate effectively with their employees are capable of helping decrease negative employee behaviors, confusion, and anger as well as increase emotional strength, empowerment, and job satisfaction (Şahin, Çubuk, & Uslu, 2014). According to Omoruyi et al., (2011), the influence leadership communication has on an employee’s behavior varies. Employee’s behaviors may reflect their knowledge and understanding of what is occurring in their work environment (Lewis et al., 2013). The way employees think, behave, and feel creates both negative and positive behaviors among employees (Penava & Šehić, 2014; van der Smissen, Schalk, & Freese, 2013). An employee’s sense of uncertainty and fear pertaining to the future of his or her job also influence employee behaviors (Wen-Hai, Feng-Hua, & Chih-Kai, 2012). Employee behaviors change and promote job satisfaction through the increase of positive interactions and relationships with leadership (Langley, Smallman, Tsoukas, & Van De Ven, 2013).”

 

Hills, K. N. (2015). Communication strategies to generate employee job satisfaction (Doctoral dissertation, Walden University). https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=2601&context=dissertations

“Emotional Intelligence (EI) is the ability to recognize, manage, and understand one’s own emotions and the emotions of others (Goleman et al., 2002). Psychologists Peter Salovey and John Mayer stated in their research that leaders who practice EI use emotions to make business decisions, problem solve, and communicate with other individuals in the workplace (Cherry, 2020). EI helps leaders gain a clear understanding of how to adjust one’s emotions to create trust when building relationships with subordinates. EI can be used as an effective leadership tool to emotionally connect, inspire, and encourage subordinates in the workplace (Nguyen et al., 2019). EI is a strong predictor of productive effective leadership performance. According to Bradberry (2015), 90% of top performing leaders have high EI. EI helps effective leaders improve work performance in a few different ways. Effective leaders can combine their mental abilities and EI to perform job duties instead of being negatively influenced by emotional interactions with subordinates (Todd, 2022). Work performance and EI can positively impact leaders when emotional impulses are controlled, and distractions are avoided to achieve performance goals (Todd, 2022).”

Hills, K. (2022). Effective Leadership and the Practice of Emotional Intelligence. In Bansal, M., Leyland, C., & Hills, K. (Eds.), Multi-Disciplinary Perspectives in Thought Leadership (pp. 27-32). Lambert Academic Publishing.