An Overview of ABC Plc - Free Essay Example

Sample details Pages: 8 Words: 2355 Downloads: 7 Date added: 2017/06/26 Category Business Essay Type Case study Did you like this example? Table of Contents Company Overview UK operation Overview Tax Changes in UK U.S.A Operation Overview Japan Operation Overview Investment Country Analysis Regulation and Rules Tax and Licensing Cost Local Analysis Challenges: Economic Development in the region Risk Factors Economic Condition Legal un-certainty Regulatory and Tax Risk Security Concern Efficient Operation Customer Analysis Recommendations References Table of Figures Company Overview ABC Plc, a large multinational Oil and Gas Company, operates in USA, UK and Japan and its main activities are drilling, refining and distributing oil and gas. ABC Plc has not been making profits for the last 3 years in USA and Japan due to severe economic recession and management is planning to cease US and Japanese activities because of continuous loss. Current profit and loss account of the company performance reveals the following information. Don’t waste time! Our writers will create an original "An Overview of ABC Plc" essay for you Create order  £m USA Japan UK All Total Cost 950 700 450 2100 Less: Variable Cost 750 500 250 1500 Total Fixed Cost 200 200 200 600 Sales Revenue 700 650 800 2150 Group Net Profit 500 450 600 50 Contribution cost (50) 150 550 650 Fixed Cost 200 200 200 600 Profit/Loss (250) (50) 350 50 Above calculation of ABC Plcà ¢Ã¢â€š ¬Ã¢â€ž ¢s profit and loss shows that company is facing hurdles in U.S and Japan operations are in severe loss especially in U.S business. In order to affirm the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s decision to close the U.S and Japan operation, analysis of all countries in which company operation is required. Following is the overview of the company country based operations. UK operation Overview UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s majority Oil reserves are located offshore in the UK continental shelf (UKCS), and most of the oil production occurs in the central and northern sections of the North Sea. Even though on shore there is a diffident amount of oil produced, in 2012 more than 90 percent of total UK production were offshore. (United Kingdom Analysis, 2013) Although UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s reservoirs are aging and infrastructure have been affected the oil production in last few years, The government of UK does not hold any direct interest in oil production, but this sector remains important to the government because Corporation Tax and Supplementary Tax income comes from the Oil sector and accounts almost 25 percent of corporate tax receipts, according to Oil and Gas UK. (United Kingdom Analysis, 2013) Tax Changes in UK There have been a number of tax changes from 2011 that affected the sector, which includes the change in the rate of supplementary charge (an addition to the corporate tax). Furthermore, petroleum revenue tax (PRT) is increased to 81 percent of their profits (previous 75% rate), and fields that are not subject to PRT now pay a 62% tax (50-percent rate in the past). (United Kingdom Analysis, 2013) Because of the increase in taxes most of the UK projects have become less competitive. Operating cost increase with higher taxes has resulted in decreased investment. Even without the increased taxes, operating costs in the UK were very high which also discourage investors. U.S.A Operation Overview U.S Oil production has boomed from last decade making U.S to less rely on oil imports and other countries. But this increase has come with the greater cost. Also it is speculated that this boom will not last more than a decade resulting in depletion of resources and maturing the reserves. Big players in the sector are profiting from the boom but increased legislation and laws including labor etc. making it difficult for the small firms to survive and continue production. Cost Inflation rate in USA is increasing making companies more to spend on operations without meeting the demand to increase activity and production volumes. Also the price changing un-certainty challenging the capital budgeting and estimated net income, large expansion and development is also on going. It will be hard to invest in new sites for small players. Figure 1 U.S Energy Information Administration Japan Operation Overview Japan is the worlds largest liquefied natural gas importer, second largest coal importer, and third largest net oil importer. Domestic oil reserves are very limited, according to theOil and Gas Journal(OGJ). Reserves amounted 44 million barrels as of January 2013. Japans domestic oil reserves are found primarily along the countrys western coastline.(Japan Analysis , 2013) Because of the deficiency in reserves and recent climate changes after Fukushima incident Japanese government and energy companies have decide to pursue active participation in investing oil and natural gas projects overseas. To meets its oil consumption demand Japan relies almost solely on imports. Government controls oil stocks to maintain the supply without any interruption. Total strategic crude oil stocks in Japan were 590 million barrels at the end of December 2012, According to the International Energy Agency. In this stock 55% were government stocks and 45% commercial stocks. Because of the reserv e declining Japans natural gas production has been low and flat for over a decade. In 2012, production was 116 Bcf, a decline from an average of 185 Bcf over the past 10 years. (Japan Analysis , 2013) Investment Country Analysis The fact of foreign direct investment was cleared for the developing countries, they knew that FDI will bring change and transform their economies, bringing more jobs and capital ensuring the economic growth of the region. Because of this realization, developing countries are strongly encouraged to privatize state-owned industries and to give priority to attract foreign. Sub Sahara region of Africa is fulfilled with resources both oil and gas and continually booming from last few years. Many of the foreign companies are taking interest to invest in the region. For ABC PLCà ¢Ã¢â€š ¬Ã¢â€ž ¢s future investment in case of closure of U.S and Japan operation the best option to invest is Congo, a small African country with abundance of natural resources reserves. According to the latest estimates fromOil Gas Journal(OGJ) released in January 2014, Congo holds 1.6 billion barrels of proved crude oil reserves. This reserve is equivalent to 17.9 years of current production and 0.11 % of the worlds total reserves. Production is average of 295.4 thousand barrels of crude oil per day in 2011, 0.38% of the world and a change of 0.9 % compared to 2010. (CONGO (BRAZZAVILLE), 2014) According to the International Monetary Fund (IMF), 87% of the countrys export revenues and almost 80% of the governments total revenue in 2011 are coming from oil sector which shows that economy of Congo is highly dependent on its oil production. (CONGO (BRAZZAVILLE), 2014) Because of the lack of proper infrastructure small amount of natural gas has been commercialized. Despite the fact that Congo holds sizable proved natural gas reserves. Regulation and Rules Congoà ¢Ã¢â€š ¬Ã¢â€ž ¢s oil and gas reserves are managed by the Ministry of Mines, Energy, and Water Resources. Government use production sharing agreements (PSAs) for Oil and Gas exploration and production operations. Societe Nationale des Petroles du Congo (SNPC) is the Congos national hydrocarbon company, which manages government-owned shares in hydrocarbon operations. (CONGO (BRAZZAVILLE), 2014) SNPC has an operating interest alongside international oil companies (IOCs) through PSAs, which also include tax breaks and a royalty system. There are several IOCs, such as Chevron, Perenco, Murphy Oil, and SOCO Internationals, that participate in the oil and gas industries, but the companies that dominant the industries are Total and Eni. Tax and Licensing Cost Congoà ¢Ã¢â€š ¬Ã¢â€ž ¢s Licensing Laws are in accordance with Production Sharing Agreements (PSAà ¢Ã¢â€š ¬Ã¢â€ž ¢s) and very favorable for investors. The laws take oil production royalty of 15% from investors with transportation and processing costs, reducing the rate to 12-14% and a gas production royalty of 5%. Oil recovery cost is up to 70% of total production is negotiable while exploration costs and operating costs are recoverable. Congoà ¢Ã¢â€š ¬Ã¢â€ž ¢s corporate tax rate is 35%. (OiI and Gas Industry Regulation in Congo, 2014) Following Figure 1 shows the Oil production and Consumption in Congo: Figure 2 Local Analysis Most of the foreign companies investing and operating in Congo are utilizing the local content for human resources, selecting suppliers and involving in community activities to boost the trust of local population. This act not only providing social and economic benefits but also helpà ¢Ã¢â€š ¬Ã¢â€ž ¢s to create a stable relationship with the local host communities. ABC PLC should also consider this fact as an important aspect while recruitment of human resource and vendor selection process. Challenges: The total Oil production in Congo is around 310,000 barrels/day, generating 90% of government revenue and 90% of export earnings. For ABC Plcà ¢Ã¢â€š ¬Ã¢â€ž ¢s investment the major competitors will be The French Company Total which controls around 60% of output, Italyà ¢Ã¢â€š ¬Ã¢â€ž ¢s ENI produces 30%, and the remaining 10 percent is divided between the smaller players Congrep, Murphy and the state company SNPC. (CONGO (BRAZZAVILLE), 2014) Economic Development in the region Congo lies in Sub-Saharan Africa and economic growth in this region has up in 2013, regionà ¢Ã¢â€š ¬Ã¢â€ž ¢s GDP grew to 4.7%, growth was higher at the rate of 6%. FDI are coming in the region exploiting not only oil but gas and mining sectors as well. The Net FDI calculated for the region was 4$ billion in 2013. (CONGO (BRAZZAVILLE), 2014) Following is the table showing the GDP growth of Congo in past few years. (Congo Economic Studies, 2014) Figure 3 Risk Factors Following is the risk factor analysis for ABC Plc for investment in the developing country. It must be clarified that most of these risk factors cannot control by the ABC Plc and can affect the business. These risk factors includes Economic Condition The demand for oil products are directly related to the general economic growth. Demand can be interrupted by recession or negative/low economic growth. Major changes in region including civil unrest can also harm the demand. Financial markets and institutions changes can also pose serious risk to the company. Legal un-certainty Countries in this region including Congo have no well-developed legal system. Although the regulatory authority for Oil and Gas is present and working with investors to implement changes, but still the risk is present of any unpredictable action by government can make the business difficult for company. Regulatory and Tax Risk Although the government of the region are amending the laws and providing good terms to encourage foreign investors but the risk is remain to any change in laws including the international agreements can adversely affect the business. Any increase in corporate tax or royalty fee can harm the future profits of ABC Plcà ¢Ã¢â€š ¬Ã¢â€ž ¢s investment in Congo. Security Concern Successful operation can be disrupted by local communities in case of any civil unrest or labor union crisis making it impossible to continue operation or in worst case cause great costs for security or closing down the operation for a period of time. Efficient Operation ABC Plcà ¢Ã¢â€š ¬Ã¢â€ž ¢s performance will depend on how company can perform competitively given the nature of few but big players in the sector. It will depend on the ability to manage the cost and expenses and improve production for the total term of business. This requires an efficient management with focus on utilizing right technology working with the best vendors and controlling cost. Customer Analysis Following figure shows the major customers of the Congo oil products. This ensures for ABC Plc that investing in the region is a right decision or not. Congoà ¢Ã¢â€š ¬Ã¢â€ž ¢s reserves are mostly un-utilized and in coming years the production will increase significantly. Also more FDI in the region will open the new markets for the oil investing companies. Figure 4 Recommendations After analyzing the U.S, UK and Japan Current situation and future investment opportunities for the ABC Plc in developing country, following recommendation has been suggested. U.S and Japan operation of company is causing a great loss and continuing it will harm the company and even cost to closing the business. ABC Plc operation in UK is profitable for the company but not in the long run, increasing cost will affect the business. It is imperative to further invest in other countries and close the U.S and Japan operation as Japanese government and oil production companies are also seeing opportunities to invest in other countries. ABC Plc can invest in any country in the African region but Congo will be the best case choice, as government is welcoming the FDIà ¢Ã¢â€š ¬Ã¢â€ž ¢s and have less restriction and barriers to entry. For investment in any country Supply is one of the vital factors and Congo has abundant resources in reserves which needs further exploration, making it impossible to decrease in future supply. Congoà ¢Ã¢â€š ¬Ã¢â€ž ¢s current oil customers include big countries hence the demand is speculated to be un-interrupted or lessen in coming years. Congo has a relatively calm political situation as compared with other small developing countries. Making it a good opportunity for investors. ABC Plc planning for investments in developing region affirm by the proposed projectà ¢Ã¢â€š ¬Ã¢â€ž ¢s capital budgeting. Projects PBP, NPV and IRR (interpolation method) has been calculated in order to take the right decision. Projects life has been estimated for four years with the PBP of 3.5 Years. PBP shows that in 3 years company will recover the initial cost of investment in the region. NPV of project investment at 7% rate suggests that project is profitable and will generate good revenue. This revenue increase will also helpful to the ABC Plc for their future investment plans and the positive NPV will increase the value of firm as well. Projectà ¢Ã¢â€š ¬Ã¢â€ž ¢s IRR has been calculated at 7% and 14% rate which show that project is acceptable at 7% and above rate but less than 13%. IRR suggests that projects should be acceptable as far as the IRR is greater than the cost of capital rate which in this case is 7%. Conclusion It is suggested for ABC Plc to close the business in Japan and U.S. and invest in Congo to continue its profit for coming years. Although there are still risk present in investing in a developing country but time and cost make this as a best choice in this scenario. References (2014).CONGO(BRAZZAVILLE).https://www.eia.gov/countries/cab.cfm?fips=CF.%20Last%20accessed%2019th%20April%202014.%20 -. (2014).Congo Economic Studies..Available: https://www.coface.com/Economic-Studies-and-Country-Risks/Congo. Last accessed 19th April 2014. (2013)Japan Analysis. , from U.S Energy Information Administration: https://www.eia.gov/countries/cab.cfm?fips=JA . Last Accessed April 19th, 2014 (2014) OiI and Gas Industry Regulation in Congo. from MBendi Information series: https://www.mbendi.com/indy/oilg/govo/af/co/p0005.html Last accessed on April 19, 2014 (2013) United Kingdom Analysis, from U.S Energy Information Administration: https://www.eia.gov/countries/cab.cfm?fips=uk Last accessed on April Saturday 19, 2014 Table of Figures Figure 1 Figure 2 Figure 3 Figure 4 1

Should College Athletes Be Paid - 995 Words

Pelak 1 Matthew Pelak Ms. Mazure English 3 1 February 2016 Should College Athletes Be Paid â€Å"But Whittenburg beats Anders to the ball, retrieves it and with the clock showing 0:02 he heaves a 35-foot desperation shot. Charles, reading the shot all the way, leaps, snatches the ball from the air and slams the ball into the net with a second left† (Espn). Fans all over the world pay hundreds of dollars to view college sports games similar to this one. People are about as entertained as they can get. But how much do they players make for this? It s an argument that pops up every year approaching the legendary NCAA basketball championships. College athletes should not be paid by the NCAA because it would be too difficult to determine the amount each player earns from the NCAA, schools can have unfair advantages over one another recruiting wise, and athletes who receive full scholarships gain advantages for the rest of their life. The NCAA made around $27 million during the year 2014 (Daily Local News Sports). If the players were to be paid, distributing the money would be the real problem. What would be the rules to determine how much money a player in college would make? Should female athletes be paid less even though they work just as hard? Should Divison ll and Division lll athletes be paid less than division l athletes? Many different rules and regulations would have to be set, in order to fairly pay players. In the end, these rules would generate more unwanted disagreementsShow MoreRelatedShould College Athletes Be Paid?1578 Words   |  7 PagesAshay Mehta Nou Per 8 Should College Athletes Be Paid? One of the hottest debates in the sports industry is if college athletes should be paid. If you want to pay these athletes, how would the college determine the dollar amount that should be paid? Should the basketball team make more than the football team? Should the the soccer team be paid as well? Cheerleading? 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Each individual college should pay its athletes based on how much revenue they bring to the college in which they attend. The colleges that win their Division title, their Conference title, or the National championship, give bonuses to the Head coach of thatRead MoreCollege Athletes Should Not Be Paid1558 Words   |  7 Pagesstudent-athletes participate in a variety of different s ports, and currently they do not receive paychecks for their performances. College athletics have attained an extensive popularity increase among Americans over the past few decades. This has resulted into increased revenues for the National Collegiate Athletic Association [NCAA] and the participating colleges, which has fuelled the debate of whether or not college athletes should collect an income. College athletes should not be paid to play

Accounting Software used in Australia Accounting Competitors

Question: Describe about the Report for Accounting Software used in Australia of Accounting Competitors. Answer: Introduction Accounting is very important for the proficient knowledge. Every company requires accounting for their day to day working needs which is not possible to do manually these days so many companies prefer to use the accounting software rather than doing these manually. A very crucial role is played these days by the accounting software. Basically accounting software is nothing but the class of computer programs that helps in managing the operations of the business financial transactions. Use of the accounting software is increasing widely as it helps the companies to use their resources efficiently in the accounting departments and helps in reducing the mistakes that are costly while doing the book keeping. The accounting software leads to accuracy in the work and helps in increasing the speed in recording the various transactions. This accounting software helps in generating the reports that are further used in preparing the tax of the business. There are various accounting software tha t are being used in Australia like Myob, QuickBooks, Reckon, Saasu and Xero. The report is related to the very commonly used accounting software in Australia Intuit QuickBooks, Xero, Saasu etc and there details. Many firms in Australia are using the QuickBooks accounting software in Australia for recording their business transactions. History The era of the accounting software began in the year 1955 with privately owned software that was first built in Kentucky, USA for handling the payroll for the general electric appliance factory and was named Univac 1. The early accounting software was bespoke and as there was advancement in technology the innovations continued. The capacity of the computer grew gradually that enabled the various high development tools. Throughout the 1960s the various companies invested in producing various accounting system tailored that suited their particular requirements. However there was a continuous growth in the capability of the computers due to which idea of generalized application began to rise . In the year 1973 SAP RF was introduced that enabled the handling of wide variety of system and business chores. In the year 1983 intuit was founded and it launched its first product Quicken in the year same year. These further increased the accounting application as and when the time passed. In th e early 1980s a very young company named Teleware Inc developed a very eye catching and innovative accounting software that caused the eye of the best software and was purchased by it in the year 1983 and it changed its name in the year 1999 which is very popularly known as MYOB now a days. (Scott 2015)QuickBooks was known as Quicken to the Australian market since 25 years since people recognized it as QuickBooks. QuickBooks was built by the Reckon as its name by investing millions of dollars in the product development and marketing that helped in winning the loyalty and the support of various thousands of businesses. Then in the year 2012 everything was given on and the Quicken was finally recognized as the QuickBooks and Quicken brand names. The company decided to take this step because the QuickBooks was acting as an anchor that was further delaying the progress and rendering them helpless in the era of tough competition. Due to this move the QuickBooks returned to its own foundi ng name that is Reckon and that helped it in placing its confidence with its in house talent and strong culture of innovation. QuickBooks is reckoned as a #1 rated online book keeping and accounting software for the various businesses that includes the small businesses as well. The software is present in 130 countries and is developed by intuit which is the American Company. (Ryan 2012)This software that is cloud based was launched in Australia in the year 2012 after its launch it has been adopted by thousands of users around the country that is further contributing to the increase in the number of subscribers to approximately 841,000 all over the world. Adoption and development of cloud computing in Australia In various countries the excel spreadsheets and shoe box full of receipts was used for managing the accounts of the company that included various small businesses and start-ups. But, due to the advent of cloud computing and the rash of various systems there had been a rapid change for the businesses and the accounting firms that serves them. The company can access the cloud based accounting system by paying a nominal fees to less than $50 per month and hence they can have various different features at their disposal that can help managing their accounts in a less period of time. Due to the arrival of the various cloud based accounting systems like the Saasu, Xero, iBizz and JCurve have made the spreadsheets on the run.(Head 2013) The rate at which the cloud computing is being adopted by the people in Australia is remarkable with almost three out of five businesses that are using the cloud computing for managing their accounts. The businesses that are using Xero as their accounting software has doubled since the month of September last year. (Dinham 2014)But, the main issue that is being faced by the businesses while using the accounting software is the security of the same. Many accountants and bookkeepers are being trained from time to time so that they can easily get adapted in using the cloud computing software. Market size of the accounting software used in Australia According to the various reports it has been observed that there is various accounting software that has been used in Australia like MYOB, Xero, QuickBooks, Saasu. According to the reports of Stanmoulis it has been found that MYOB is the largest accounting software provider in the countries like New Zealand and Australia and Xero is the biggest cloud accounting company. There are about 116,000 subscribers of the cloud as compared to the Xero that has about 320,000 subscribers across the areas of New Zealand and Australia.(Heber 2015) According to the reports of Small Business Administration it has been found that the Intuit has about 89% market share of the small business accounting and the tax software. According to the reports of SBA there are approximately 1.3 million small bookkeeping and accounting firms which means that the average gross revenue of the company is about $43,000.(Rives 2015) Leaders in the Cloud computing market in Australia The various organizations weather big or small is replacing the traditional desktop accounting software with the cloud accounting software. According to the latest report of capioIT , it has been found out that about 27% of the businesses and the various accounting firms that accounts to about 67% have already moved to the online cloud accounting software. According to the reports that are available from the various accounting organizations it has been found that the Xero is the market leader in the online accounting software in Australia. (Dinham 2014)There are about 147,000 Australian customers of Xero in the year 2014 that has increased to about 96% in the succeeding year. Intuit was enjoying the position of the market leader earlier that was given tough competition by the Xero in the year 2014.(R G Technologies 2014) Competitive advantage with Xero as a market leader in Australia It is cloud based The Xero software is cloud based unlike the QuickBooks it was built from the ground up for the cloud. The users are free to access their accounts any where any time provided they have an internet connection. Simple and Intuitive UI This software was basically built for the people who are not accounting professionals but it is also smart enough for the accounting professionals. It has an Intuitive User interface.(Annoynomous 2014) Xero tops with its rich features There are various unique features that help the Xero to be on the top. The accountants are not required to prepare the files manually for inputting the data in to the software. Challenges faced by the users while using the accounting software Though the accounting software has made managing the accounts of the various companies very easy but still there are various disadvantages that are being faced by the users of the accounting software. Some of the challenges that are faced by the users are: Cost For using the accounting software the user is required to buy the software and the various additional licenses for using that software on the other computers. There are various upgrades that are required to be purchased for the additional features. Fraud There is extra level of security that is required by the accounting software so as to prevent the various problems like embezzlement and fraud. The users can easily alter the data that can lead to various frauds. Additional software There are various software that require additional software if the user wants to review the reports. As for example there are some programs that allow the user to export the PDF file or Excel spreadsheet this additional software may require additional expense for the user.(Morris 2014) Training The accounting software requires the time of the user to make him understand and learn on how to use the software. The user needs to learn what each button in the software and the menu does. Human Error There are various errors that are committed by the users while working with the software like typing errors. Entering the data in the software very quickly often results in various errors.(Crowder 2014) Suggestions to overcome the challenges Proper Training The users of the accounting software shall be given proper training for using the accounting software so that they do not do mistakes due to lack of proper training. Password protected The Software shall always be password protected so that the unknown person does not have the access to the software and cannot alter the various information of the software. User shall not enter the information very quickly So as to avoid the human errors due to entering the data in a very fast manner the user shall always take care that he enters the data correctly and not in a hurry. Sometimes in a hurry the data can be entered wrong due to which there are various issues and the reports of the companies may lead misleading assumptions due to wrong entered information so that shall be avoided by the user.(Stock 2014) Conclusion From the various researches it can be concluded that accounting and bookkeeping has been made very easy with the help of various software in various countries like Australia. Though there are various drawbacks of the same but it can be avoided with proper measures. Proper training is required to use this software. This software has made entering information quickly. Bibliography Annoynomous 2014, bpoconnect, viewed 25 August 2016, https://bpoconnect.com.au/top-7-reasons-xero-accounting-wins-competitors/. Crowder, CD 2014, Tech In., viewed 25 August 2016, https://techin.oureverydaylife.com/disadvantages-accounting-software-1965.html. Dinham, P 2014, itwire.com, viewed 25 August 2016, https://www.itwire.com/business-it-news/accounting-software/66402-australian-smbs-ahead-in-adoption-of-cloud-accounting-software. Dinham, P 2014, www.itwire, viewed 25 August 2016, https://www.itwire.com/business-it-news/accounting-software/65003-intuit-takes-the-accounting-software-market-and-xero-head-on-with-smb-study. Head, B 2013, 'Accounting software wars move to the cloud', Financial Review. Heber, A 2015, Business Insider, viewed 25 August 2016, https://www.businessinsider.com.au/charts-the-battle-for-supremacy-in-australias-cloud-accounting-market-2015-4. Morris, K 2014, Chron, viewed 25 August 2016, https://smallbusiness.chron.com/disadvantages-using-accounting-software-3823.html. R G Technologies 2014, Cloud Accounting software, viewed 25 August 2016, https://blog.rgtechnologies.com.au/cloud-accounting-software-tools. Rives, W 2015, Quora, viewed 25 August 2016, https://www.quora.com/What-is-current-the-market-size-for-small-business-accounting. Ryan, E 2012, GAA Accounting, viewed 25 August 2016, https://www.gaaaccounting.com/the-evolution-of-accounting-software-past-present-and-future/. Scott, B 2015, 'Accounting Software Grows Up', The Accounting Journal. Stock, B 2014, 360 Cloud, viewed 25 August 2016, https://blog.360cloudsolutions.com/how-to-overcome-challenges-in-the-dynamic-software-industry.

Some People Believe That Exams Are an Inappropriate Way of Measuring Students’ Performance and Should Be Replaced by Continuous Assessment. Do You Agree or Disagree with This View Essay Example

Some People Believe That Exams Are an Inappropriate Way of Measuring Students’ Performance and Should Be Replaced by Continuous Assessment. Do You Agree or Disagree with This View? Essay There is some dispute whether the best method of assessing students is to use examinations or some form of continuous assessment. This is a complex issue and my belief is that there is no one method that applies to all educational systems. There are three major arguments in favour of retaining exams. One is that they provide a clear and objective measure of what students have learned, whereas any form of continuous assessment is probably going to be far more subjective. An additional point is that testing is an excellent way of motivating learners to study harder and to reward the students who do best. Likewise, examinations test the ability of students to work under pressure, and this is a vital life skill for their later careers. On the other hand, there are still occasions when it can be better to relieve the students of exam pressure and to measure their abilities through continuous assessment. This is particularly the case in lower age groups where young children can be affected negatively by stress and underperform in exams. It can also be argued that continuous assessment is a more effective way of testing some subjects such as design and technology, which are more creative and less academic. A further point is that often continuous assessment can allow teachers to reward students who work hard, but who may be less able and not do well in more formal testing. In conclusion, while continuous assessment may be fairer in some contexts, there are still times when traditional exams may be more appropriate. A sensible compromise would be to use both forms of testing together, allowing teachers to reward both ability and hard work. We will write a custom essay sample on Some People Believe That Exams Are an Inappropriate Way of Measuring Students’ Performance and Should Be Replaced by Continuous Assessment. Do You Agree or Disagree with This View? specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Some People Believe That Exams Are an Inappropriate Way of Measuring Students’ Performance and Should Be Replaced by Continuous Assessment. Do You Agree or Disagree with This View? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Some People Believe That Exams Are an Inappropriate Way of Measuring Students’ Performance and Should Be Replaced by Continuous Assessment. Do You Agree or Disagree with This View? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer