Level of evidence Term Paper Example | Topics and Well Written Essays - 1000 words

Level of evidence - Term Paper Example When each study is completed, recommendations are made and results used to update the policies and procedures. For example, in validation of evidence for a clinical intervention for a particular disease, its results are important as the procedure regarding the treatment for the disease will be updated immediately. All policies and procedures are reviewed annually. The management of the health institution is the overall in charge in ensuring all policies and procedures are based on evidence. There are policies and procedures manual for the health institutions. The manual outlines each procedure and policy in detail, giving information on which particular individual is responsible. For example, there is a policy regarding the criteria to approve or exempt human subject research. The policy will indicate the scope, purpose and criteria, indicating the concerned department and personnel. The level of evidence indicates the type of study used in order to effectively make an evaluation of the intervention effect. This will be used to decide on whether the evidence is appropriate. The types of evidence accepted as appropriate are based on three factors namely, whether there is any real effect of the evidence, the relevance of the effect and the size of the effect. The strength of the evidence assesses the effectiveness of an intervention in clinical practice. There are different types of bias that can be detected in any study that can affect the outcome. Each type of study done can indicate the degree of bias. The methods used for the study determines the quality of the evidence in order to minimize bias within the particular study. The sources of bias for each study need to be determined. There are different types of bias such as selection bias or publication bias. Various questions need to be addressed as to how the sample was selected, whether the characteristics of the

The Stock Plans Essay Example | Topics and Well Written Essays - 1500 words

The Stock Plans - Essay Example The major difference between the two accounting methods is that the intrinsic value based method overstates the income of the company. This method does not reveal the fair value of the stock, whereas the fair value based method, which is also recommended by FASB is based upon the estimated fair value of the company’s stock. Amount Of Compensation Under a stock options plan, 100 shares were offered to each employee that was purchased or exercised at $45 per share i.e., the grant price. The stock options would cost them $4500 ($45x100). However, the current market price of the stock is $60, which makes $6000 ($60x100) if sold in the market. The shares would obviously be sold on the current market value and hence each employee would get the difference ($6000-$4500) between the grant price and the current market value. The total amount of compensation that each employee would get is $1500 making the total compensation of $3000 paid by the company to two employees. Recording Of Sto ck Options In XYZ’s books The US GAAP requires the companies to expense out the employee stock options on the fair or intrinsic value, as well as disclose it in the company’s financial statements, which is supposed to decrease the company’s earnings significantly. Therefore, an expense will be recorded in the books of XYZ Corporation against the amount of employee stock options as per the accounting practice of FASB and the corresponding expense will be disclosed in the company’s financial statements.