Author: admin

Listed below are topic(s) I would like for each of you to discuss throughout the week. Refer to the textbook, weekly materials, and/or the GMC library when researching the topics for this Discussion Forum. Put your writing into your own words, do not copy directly from the source. If you incorporate external resources (http://gmcga.libguides.com/periodicals) in your posts be sure to cite (https://gmcga.libguides.com/citationmanagement/APA7th) them properly.  Lastly, review how to paraphrase and quote resources before you begin posting (http://gmcga.libguides.com/c.php?g=458&p=996448).
Merchandising companies invest large sums of money in inventory, having to account for the purchasing, selling, and costs. Most U.S. based companies or companies on U.S. exchanges have previously had to follow the GAAP standards. As IFRS has moved forward in many countries, these companies have to review if the GAAP or the IFRS standards should be used.
Your company has been following GAAP standards and is looking to expand to international markets. You have been using a LIFO cost of inventory system and have had several inventory items marked down under the lower-of-cost-or-market. You have been asked to present the pros and cons of converting to the IFRS standards, thus allowing your company to move to international markets. Explain how this change will affect the financial statements.
Task 1: Create a new discussion topic on or before the due date in the Course Syllabus -> Course Schedule by clicking the ‘**REPLY HERE**’ post below. In your reply, you will post your response to the main topic. Your response should be a minimum of 150 words. Going over the minimum word length requirement is acceptable; however, I am not looking for 500+ words!

1. Unionized healthcare facilities often encounter staffing challenges that hinder their ability to maintain adequate staffing levels. The strict union rules surrounding hiring and layoffs can restrict the flexibility of workforce management, making it harder to address staffing needs efficiently(Hut, 2023). 
2. Workforce planning is key to preventing shortages and surplus.  Special attention should be made when applying models to real-world applications in a rapidly changing system. Considerations must be made to external trends in our nation. For instance, if our economy is experiencing a recession, then the amount of money spent on healthcare will likely decrease and healthcare systems will be underutilized (Sampson & Fried, 2021). By using the workforce planning model, experts can forecast these types of trends and anticipate the changes. Planning must also account for supply and demand of workers, both by type of care and the area or region. One example of this is the Veterans Affairs (VA) hospitals and their outlying clinics. If leaders recognize that the demand in a certain region has an increased demand for specialty care, they must train and/or hire staff with requisite staff to bolster an existing clinic’s capabilities. Alternatively, VA leader can open an entirely new clinic with multispecialty assets. In doing so, leaders must also account for the long-term benefits, the attrition of employees, health outcomes of certain populations, the training pipeline, and costs to move assets (Sampson & Fried, 2021).