i. Engagement: Through the process of engagement, staff can find out what is concerning the child or young person and how best to support them, more so effective engagement with children in residential childcare they are being children in residential childcare they are being listened to when new practices, procedures and tolls are being designed and piloted. Though process of effective engagement, like in our residential childcare we can assess and plan the best method of to tackle the child needs, preferences and their views as wellii. Child Centered: All children and young people are different and have different needs, in a residential child care through assessment and planning it will help to identify strengths and needs to ensure that children receive appropriate support, through information gathering of a child it will help the child to develop, choose, exploit and make connections.
iii. Identification and Agreement Goals: The purpose of assessment and planning help in the identification and agreement of the child or the young person, when these date about the child is collected it can help the care giver to identify the goals of the child, and if the goal, are positive the planning will be titted towards their goals thereby improving their self esteem.
iv. Child Needs, Preferences and Choices: Children and young persons are different and they have different needs, preferences and choices as well, the purpose of assessment and planning is to identify these needs, preferences and choices which they poses differently, so through effective assessment these needs will be discovered thereby making planning to cover these needs.
v. Evaluation: The purpose of planning and assessment of a child or young person helps in evaluation, through this evaluation their concerns and challenges can be established and planning will commence to tackle those challenges which these children or young person may be experiencing.
1.2 Why a Child Centered Model of Assessment and Planning is Used is because of the following:

i. Individual Age and Stage of Development: A model of assessment and planning that might be convenient for a particular age or stage of development might not be suitable for a young person who is older, so since different children at a particular age have different needs, choices and preferences. Also children who might have learning disabilities or other challenges, their health challenges should be factored in during assessment process so that the right planning will be used for them.
ii. Likes and Dislikes: Children are more interested in activities and experiences that are designed to be related to them specifically and therefore participate and learn effectively, the child centered model of assessment and planning should factor the likes and dislikes of child in the assessment and the planning process this will give the child more confidence and thereby improving self-esteem.
iii. Addressing Real Needs of the Child: Using the child centered model of assessment and planning, it addresses the real needs of the child since during the assessment the needs of the child will be known and therefore during the planning process when the needs are factored in that will obviously address the real need of that child thereby improving confidence, self-esteem etc.
iv. Individual Targets and Goals: Through the use of child centered model of assessment and planning it improves the individual targets and goals. Hence since this child’s targets and goals are known during the assessment process, efforts will be put into place during the planning process to ensure that these targets and goals are met.
v. Ensure all Targets are Appropriate and Fair. The use of child centered model of assessment and planning it ensures that all targets of the child are appropriate and fair.


i) Capitalised Development Costs:
Xero had capitalised the expenses experienced during developing its software.
The expense was amortised over the programs projected useful life of the program. The estimation of the value of the program developed within the company was found judgemental and it was estimated on the basis of the time that the staffs had spent during the development. So, this cost was found to be regarded as capitalised cost in the financial statements.

ii) Impairment of Capitalised Development costs
For Xero, intangible assets comprised of 86% of the non-current assets and these were capitalised as development cost. But, the intangibles to be assessed for impairment requires limited lifetime and the assessment were found to be estimated by decision.


I. Project Planning
• The contractor is responsible for supervising all work on the project site. In order to successfully manage all the complex elements that make up the project ecosystem, the contractor should plan all key project development and implementation details in advance.
II. Furnishing Project Needs
• Before starting the project, the contractor should be equipped with sufficient resources to complete the first phase of the construction process. Basic project requirements include providing competent and skilled workforces for a variety of general and professional tasks, licensed subcontractors handling a variety of specialized processes and trades, providing adequate building materials, and deploying all necessary construction equipment.
III. Project Monitoring and Management
• The contractor is responsible for the successful completion of the project in terms of timelines, costs, safety and other project-related details as specified in the project contract. The contractor shall set and observe the project schedule and budget according to the owner’s requirements; and comply with time and cost regulations. Project schedules can be changed through previous changes and adjustments during the project execution phase.
IV. Legal and Regulatory Responsibilities
• The contractor is responsible for the project to comply with all necessary legal and regulatory requirements. This means that the contractor has obtained all necessary permits before proceeding with the project. There are also issues of paying royalties for any use or application of inventions, designs, processes, products and/or equipment, which are subject to patent or royalties.
V. Health, Safety and Protection
• The Contractor shall appoint a qualified and experienced safety representative to ensure full compliance with all laws, regulations and internal safety procedures. Safety policies should include effective hazard communication plans, risk management strategies, emergency response systems, and other preventive and proactive workplace safety and protection mechanisms.