Perspectives Of Music Therapy Mental Health -Myassignmenthelp.Com

Question: Discuss About The Perspectives Of Music Therapy Mental Health? Answer: Introduction Daimler is an automobile manufacturing company which is based in the Country, Germany. It has its own risk and management policies which helps the company in reporting and control process. The Supervisory Board in the company helps in getting the accounting approval. The audit committee of the company meets once in a year to discuss the changes in the accounting rules and policies, thereby helping in risk management of the organization. International Accounting Policies The consolidated financial statement of Mercedes Benz is prepared by following the International Financial Reporting Standards. The supplementary standards of the Company are followed as per the German Code. The accounts of Daimler AG are prepared according to the Code of International Standards. They prepare their interim report according to the provisions of the German Act. The external auditors review their financial report. They follow the accounting year from 1st January till 31st December. The Board has prepared the combined report of compliance according to the law pursuant to Section 315a (1) HGB. The company follows the accrual basis of accounting and it maintains the day to day income and expenditure that occurs in the sales position, this makes it easier for the company to have financial stability. The IASB is an International principle used for the preparation of financial statements. This standards used is helpful to the Company which makes the information accessible to all the investors and the public. Accounting standards and financial statements The accounting standards and financial statement followed by Mercedes Benz is the GAAP .The accounts and financial statements will be prepared according to the International Financial Reporting Standards. There is increase in the revenue which helps in business development. There is increase in sales which is caused by higher business volume. The expenses and depreciation on equipment and operating leases have also increased. Measurement The consolidated financial statements of Mercedes Benz are prepared on the historical cost basis but there is an exception that certain items are available for the sale of financial assets which have the obligations. The International Accounting Standard Boards and the Financial Accounting Standards Board measurement is followed by Mercedes Benz Accounting Theory The financial statements of Daimler AG are followed as per German Commercial Code (HGB).The items are represented in the balance sheet of the company. The financial statements are prepared according to the German Accounting Directives Implementation Act .In this legislation the operating income is partially represented as revenue (Clarke, 2015). Internal controls The internal control for the Company and the risk management system refers to the process of ensuring the effectiveness of the financial reporting. It is according to the internationally recognized framework which follows the internal control, and is continually developing the accounting and financial reporting process. The group of Mercedes has followed the financial and reporting valuation systems which are accounted for and is disclosed (Colomar et al, 2014). Management and the Board of Directors The company has provided during the reporting period the developments in the company. The Advisory Board for Integrity and Corporate Responsibility plays an important role in the growth of the organization. This includes the entire team of expert, representing the management or the Board which help in both the constructive and external development of the environment. The members of the Board play a vital role in maintaining the ethical issues and integrity of the organization (Mareque, Lpez-Corrales Pedrosa, 2017). Remunerations The remuneration is given to all the people working in the organization. The Board and the management participate to fix the remuneration of the Board and the executive. The member of the management is able to participate in the area of compliance. The interests of the stakeholders, the owners of the Company and the employees, are harmonized through the focus on the Groups long-term success. The Presidential Committee meets every year and it prepares the remuneration statement which is again presented and reviewed by the Supervisory Board and then the level of remuneration is fixed on that basis by comparing with the competitors (McCaffrey, 2014). Compliance Management System The compliance system is based on the International standards which supports the operations of the business units. The team reviews whether the system is effective or not. They review the legal requirement system which helps in the continuous improvement of the compliance system with regard to the compliance and the technical regulation. They also follow the whistle blower policy. References Clarke, C. (2015).Automotive production systems and standardisation: from Ford to the case of Mercedes-Benz. Springer Science Business Media. Colomar, M., Cafferata, M. L., Aleman, A., Castellano, G., Elorrio, E. G., Althabe, F., Engelbrecht, S. (2014). Mode of childbirth in low-risk pregnancies: Nicaraguan physicians viewpoints.Maternal and child health journal,18(10), 2382-2392. Mareque, M., Lpez-Corrales, F., Pedrosa, A. (2017). Audit reporting for going concern in Spain during the global financial crisis.Economic research-Ekonomska istraÃ… ¾ivanja,30(1), 154-183. McCaffrey, T. M. (2014). Experts by experience perspectives of music therapy in mental health care: a multimodal evaluation through art, song and words.