Professional Practice Essay Example | Topics and Well Written Essays - 2000 words

Professional Practice - Essay Example On one bright day, on the New Year eve, the main server crashed. Though we were able to restart the server and line it up for service, the database could not be started. After much trying we decided to restore the backed up data from the earlier date. As luck would have it, the restored data also failed. If we had tried to restore this data it would have been two days work which the client might have had to do, instead if we were to restore the earlier one, we need to restore or reenter almost one week's data which is quite a volume. Taking all this into consideration we tried our best to bring back online the original data without loss of any information. It took almost two days for us to bring back the data and restart the database. This professional issue meant we are possibly missing our New Year celebrations. But for the client, it was down the day before the New Year and it was brought on line the day after the New Year. Literally, there was no down time for them. They were hap py. Professional issues many times are application of mind and common sense coupled with appropriate technical knowledge. May be I should say, 20% technical knowledge and 80% common sense. I have found along with this, there is also another major factor which plays an important role in sorting out professional issues and that is the attitude. The learning attitude and an open mind, both for criticisms, for new ideas and for sharing new thoughts, would all help in solving very many complex issues. Professional issues are welcome since they would bring in challenges that make our work more interesting, in the bargain, educating us and leave us with a sense of achievement at the end. Whereas Ethical issues are not... The researcher of this essay states that running and heading a private business is a challenging job. One, you are responsible for your staff and also for yourself and your family. Two, the customers need to be answered and the commitments made need to be honored including the time lines. As a matter of fact, the staff in your company will expect you to compensate them for the same kind of work. The responsibilities at the office are more profound and finding time to make contributions to forums of interest seems to be a difficult proposition. The researchr of this essay lists down some of the professional issues that he faced during the course of his work with various companies. As Head IT Technician, the researcher was expected to plan for ongoing and regular backups of database in a particular client site. This was done twice every week at an interval of three days every time. The idea was, in case there is any data related issue, the client would be able to roll back to a state t hat was maximum three days prior to the date of the problem. The researcher also planned it in such a way that there will be at least one more backup which will also be maintained. The researcher concluds that this course made a very important point and that is: we may not be able to satisfy every one at every point in time. Professionals need to up hold the highest professional tradition and ethic. The course made the researcher to appreciate these facts of the codes of conduct as well as the ethics and the morals behind these codes.

Managing Financial Resources and Decisions Essay - 7

Managing Financial Resources and Decisions - Essay Example From the above table it is observed that the Casey will be achieving negative cash balance at the end of every month which indicates that the barber shop will be running its business at loss if the above expenses and income are experienced by it for the next 6 months. From the profit and loss account and cash flow budget mentioned in Task 1 it is evident that Casey’s barber shop will be running at huge loss if he does not modify the business structure. The owner should bring in appropriate changes in business so as to earn profit. The owner should increase the working hours from 6 hours a day to 8 hours a day so that the barber shop attends 24 customers a day instead of 18 customers a day. It will bring in revenue without increase in any further cost. Adults are to be charged  £ 25 for the first two months and then  £ 30 for the next 4 months. The children should be charged  £ 15. The table below reflects the changes that are made in order to have postive ending cash balance at the end of every month. The charge of the services should be increased in order to bring in profit at the end of every month in the business. Adults are to be charged  £ 25 for the first two months and then  £ 30 for the next 4 months. The children should be charged  £ 15. The main aim of this section is to compare the financial statements of two listed companies published in their annual reports and examine the financial performance of the companies by comparing the performance of the financial ratios. The two companies that are chosen are ASDA Limited and Tesco Plc. Both the companies are dominating the supermarkets in United Kingdom. The data required for the ratio analysis are collected from the annual reports of both the companies. A comparison is drawn between the two with respect of their performance: liquidity, solvency and profitability. The presentation and the formats of the two company’s