Assignment: Provision Journaling

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Assignment: Provision Journaling

Assignment: Provision Journaling

Assignment: Provision Journaling

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Assignment: Provision Journaling
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Week 9 assignment Leadership Journal: Provision Journaling provides a valuable tool for recording, reflecting on, and reviewing your learning. This approach provides an opportunity for you to “connect the dots” and observe the relationships between and among activities, interactions, and outcomes. Unlike a personal journal of thoughts and feelings, this Leadership Journal is a record of your activities, assessments, and learning related to this academic experience. Journal entries should include a record of the number of hours spent with your nurse leader each week. Write a journal entry of 750-1,500 words on the subject of provision, including the following: Provide observations and thoughts on the activities in Weeks 7-8. Describe how your nurse leader influences the work environment. Consider how influence protects and values others in the work environment. Identify two or more ways your own leadership could promote a feeling of protection and honor in your work environment. Reflect on at least two things you learned from the “Issue of Headship” video. APA format is not required, but solid academic writing is expected. You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

Bookkeeping and accounting use the term provision meaning an estimated amount set aside when it is probable that a liability has been incurred or an asset impaired. It is a contingent loss that is recognized as a liability.

There are many reasons why a business would want to create a provision in its accounting records, the list below shows some of the reasons why provisions might be established

  1. Provision for depreciation
  2. Impairment provision for the diminution in the value of assets
  3. Provision for repairs and renewals
  4. Provision for bad debt and doubtful debts
  5. Provision for warranty costs

In each example the business knows that it is probable that a liability has been incurred, and although it cannot determine the exact amount of the liability, it can be estimated with a reasonable degree of certainty.

 

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