Feasibility Study on Setting Up an Environmental Laboratory

FEASIBILITY STUDY FOR THE ESTABLISHMENT OF STOOK ENVIRONMENTAL SERVICES COMPANY BY KAYODE, STEPHEN OLUWATOBI 166277 A SEMINAR SUBMITTED TO THE DEPARTMENT OF CHEMISTRY, UNIVERSITY OF IBADAN, IBADAN IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF SCIENCE (ENVIRONMENTAL CHEMISTRY AND POLLUTION CONTROL) M.Sc. (ECPC) JANUARY, 2013 1.0 EXECUTIVE SUMMARY As globalization continues and the earth’s natural processes transform local problems into international issues, few societies are being left untouched by major environmental problems like flooding, global warming, strange death of humans and animals, loss of biodiversity among others. This outcome of the global environmental disasters have produces a†¦show more content†¦Future competitors are existing companies that are not yet in the market space but that could spring-up at any time, our forecasted market growth and future market plan will be too strong for them to pose any significant threat. Marketing Strategy The marketing strategy is the core of the main strategy and shall emphasize on: High value, high quality services and Building a relationship oriented business with our target market great focused on municipalities, industries, project manager, researchers, and the Federal, state and local government organization and agencies as key initial markets. Financial Summary Summary of start-up cost; Cost (N) Total of Office Equipment 2,558,750 Total for Apparatus, Instruments and Reagents 10,420,300 Total Start-up Basic Salary 695,000 Accreditation 550,000 Capital Equipment Total 14,224,050 Total Balance = Start-Up Fund – Total Capital Equipment= 775,950 Projected Cash Flow Summary | Year 1 | Year 2 | Year 3 | INFLOWS | 1,268,880 | 1,688,700 | 3,625,376 | TOTAL INFLOW | 1,268,880 | 1,688,700 | 3,625,376 | OUT FLOWS | | | | Equipment, Building etc. including start-up costs | 1,207,580 | | | Direct analysis cost | 301,800 | 1,050,600 | 1,496,720 | Selling amp;general admin. | 37,500 | 375,500 | 585,888 | TOTAL OUTFLOW | 1,546,880 | 1,426,100 | 2,082,608 | NET CASH FLOW | 278,000 | 332,525 | 677,535 | OPENING BALANCE | 278,000 | 332,525 |Show MoreRelatedFeasibility Study on Setting Up an Environmental Laboratory9668 Words   |  39 PagesFEASIBILITY STUDY FOR THE ESTABLISHMENT OF STOOK ENVIRONMENTAL SERVICES COMPANY BY KAYODE, STEPHEN OLUWATOBI 166277 A SEMINAR SUBMITTED TO THE DEPARTMENT OF CHEMISTRY, UNIVERSITY OF IBADAN, IBADAN IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF SCIENCE (ENVIRONMENTAL CHEMISTRY AND POLLUTION CONTROL) M.Sc. (ECPC) JANUARY, 2013 1.0 EXECUTIVE SUMMARY As globalization continues and the earth’s natural processes transform local problems into international issues, few societiesRead MoreAnalysis Of The Stakeholder Management Process Essay2962 Words   |  12 PagesANALYSIS: The analysis of the stakeholder management process forms a very integral role in bringing up the expertise and under playing the strategies of carefully managing the stakeholders accordingly to their power and legitimacy. The different templates are used in bringing up the analysis of the process so as to technically prove the inference that these external bodies brought onto the project. 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Code of ethics Essay Example For Students

Code of ethics Essay Code of EthicsWhen face with major problems and dilemmas in management accounting and financial management practitioners look to the standards of ethical conduct for practitioners of management accounting and financial management. While looking at ethical standards one has to look at four different areas they are competence, confidentiality, integrity, and objectivity. These four areas are the backbone of what management accounting and financial management are made. When faced a possible violation with in this backbone of the ethical standards one should ask themselves two questions, Will my actions be fair and just to all parties affected? and Would I be pleased to have my closest friends learn of my actions? (Weygandt D-1) practitioners of management accounting and financial management have an obligation to the public, organization, and themselves to adhere by the ethical standards both domestically and internationally. ( D-2) When considering the first aspect of the ethical standards competence, a practitioner just as a collegian professor must continue to grow and develop their understanding and knowledge of their skills. They must be professional in their duties and abide by all legal statutes and standards. One must also maintain up to date reports that are clear, revenant, and accurate information. Secondly practitioners of management accounting and financial management must maintain the highest level of confidentiality. One must not disclose confidential information to anyone in any shape or form unless obligated to do so by law. One must inform the appropriate people when dealing with confidential matters and the monitor the progression of information. Also one must not use or appear to use undisclosed information to gain advantage or to pass to a third party. (d-2)The next area of ethical standards is integrity. When dealing with integrity practitioners have the responsibility to avoid conflicts and advise potential problems to whom it may concern. Just as a juror in a court case one must not include them self in any action that will cause a prejudice that will influence them ethically. Actions such as accepting presents, money, or possible career advances would break the integrity ethical standards. One is obligated to release all information whether helpful or hurtful and any professional opinion should also be announced. Finally a practitioner must refrain from any action that may discredit the institution. The last area practitioners must maintain an ethical standard is objectivity. In this area one must communicate fully and objectively. ( D-3) Also a practitioner is not allowed to give any information that may negatively influence the appearance of a report, in correspondence one can not disclose any information that may have some influence on the understanding of a report. The application of standards of ethical conduct for practitioners of management accounting and financial management must abide by all the aspects of competence, confidentiality, integrity, and objectivity. When a problem arises a practitioner should follow company policy that deals with such situation. Following this code of ethical conduct one will legitimately proper in the profession. Work sitedWeygandt, Jerry J., Donald E. Kieso, Paul D. Kimmel. Managerial Accounting: Tools for Business Decision Making. John Wiley Sons, Inc. 2002.