Sunday, May 24, 2020
Real World Negotiation - A Family Vacation All Inclusive, 7 night vacation in the Mayan Riviera; heavenÃ¢â¬ ¦ with family! A total of 15 people decided to plan a vacation. Throw a few people that are extremely stubborn with a few that are picky and some that are price sensitive and you have a messy multiparty negotiation. Luckily we all agreed on the location quickly as most of the group has not travelled there before. Out of the 15 people, 7 were the decision makers / negotiators Ã¢â¬â those are the ones that had to agree on date, price and hotel. In addition, one couple was unable to join us until a few days later so some people wanted a date that is closest to them and others were deciding strictly on price. The parties negotiatingÃ¢â¬ ¦show more contentÃ¢â¬ ¦Luckily as we were about to book, the price for the Sunday flight went down below the Saturday flight. The final price for those travelling Sunday and Monday was $955 Ã¢â¬â higher than my target but below my re servation point. This lifted the tension and all parties were now satisfied with the outcome as it was well below our reservation point and we all paid equally. One of the more patient group members acted as a mediator and heard both sides and tried to find alternatives. Walking away from the situation helped as well Ã¢â¬â we would end the discussion and resume it at another time when everyone was calm. It also helped that we were prepared. When each person was presenting an argument they had solid facts to support it Ã¢â¬â this made it difficult to argue against some of their points but ultimately it was better overall for the group. At times it was also really difficult to understand the other personÃ¢â¬â¢s point of view as it did not align with ours. In my opinion, from a financial perspective, those that are indifferent to the price point should be considerate to those that are sensitive to price. The point is we are all going on vacation together and the goal is t o have fun. Overall the negotiation has not affected the group. There was some tension during the process itself, but after we booked, it seemed that theShow MoreRelatedConflict Negotiation Scenario1023 Words Ã |Ã 5 PagesÃ¯ » ¿Running head: CONFLICT NEGOTIATION SCENARIO Conflict Negotiation Scenario University of Phoenix HCS587 Conflict Negotiation Scenario TradeStation Securities is an online brokerage company where I was employed as the Client Service Director in charge of the Florida and Chicago Client Service Associates which, totaled 90 employees. Due to the strict rules and regulations of the Financial Industry Regulatory Authority (FINRA) any employee handling brokerage accounts for customers must haveRead MoreNegotiation Process For College Students1488 Words Ã |Ã 6 Pageswitnessing a wide variety of negotiations almost on a daily basis. Harvard University defines negotiation as the following: Ã¢â¬Å"Negotiation is a deliberative process between two or more actors that seek a solution to a common issue or who are bartering over an item of value. Negotiation skills include the range of negotiation techniques negotiators employ to create value and claim value in their deal making business negotiations and beyondÃ¢â¬ (Harvard.edu). The following two scenarios illustrate the use ofRead More Negotiations and Decision-making E ssay examples1100 Words Ã |Ã 5 Pageson decision-making. Likewise, the same can be stated regarding the search for information pertaining to negotiations and decision-making. 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Conflict resolution. http://www. conflictresoultionjournal.org 2006, Jan. 27 Leveraging Emotion in Negotiation. Harvard Business School (2006) Susan Hackley. Introduction At some point in each of our lives we all have to hit the negotiation path and run. It is to our benefitRead MoreNegotiation : Team Exercise And Negotiation753 Words Ã |Ã 4 PagesConflict Resolution Dr. Francis Trascritti, Phd. Team Exercise; Negotiation Heather Bradley Belhaven University October 10, 2015 Ã¢â¬Æ' Team Exercise; Negotiation Whether it is at work, church or in our private relationships, negotiations are a necessary tool for reaching an agreement. They are made by discussing each parties point of view with the aim being to reach an agreement that is mutually beneficial. For the most part, negotiation is the process by which those people involved successfully adoptRead MoreCase Study : The Pacific Oil Company Essay1731 Words Ã |Ã 7 Pagesfrom emerging suppliers. Furthermore, Pacific Oil would push for a long term contract. The two people representing Pacific Oil, Mr. Fontaine and Mr. Gaudin, began the negotiation with the expectation that they would not experience significant issues or challenges. Pacific Oil: Fontaine and Gaudin In February 1982, negotiations began to extend the four-year contract beyond the December 31, 1982. (Roy J. Lewicki, 2007) Mr. Jean Fontaine, the marketing vice president in Europe, conferred with PaulRead MoreIntegrative Negotiations Essay1676 Words Ã |Ã 7 PagesJournal- Harborco Background: In this negotiation exercise, I was assigned as the Seaborne GovernorÃ¢â¬â¢s negotiator as part of a six member party meeting to negotiate a deal with Harborco to build and operate a deepwater port off the coast of Seaborne. The Governor on the whole was very interested in seeing this deepwater port built in Seaborne as she believes that the size of the project would provide the stimulus for a dramatic recovery in the state. However, as there were manyRead MoreA Big Goal For Lee Medical Supply1619 Words Ã |Ã 7 PagesA big goal for Lee Medical Supply in this negotiation is to ensure that the critical issues that could potentially affect the future of Lee Medical Supply be worked out in such a way that not only capitalize upon the strengths of Lee Medical Supply, but remain truthful to our corporate character, which is vital for our reputation, and being able to continue to do business in Thailand. Effective preplanning will be essential to this successful negotiation that begins with filling out the utilization
Wednesday, May 13, 2020
South American leader, SimÃ ³n BolÃ ver is considered a revolutionary leader and commonly known as a Ã¢â¬Å"LiberatorÃ¢â¬ to Latin Americans due to his successful efforts in helping them to gain independence from Spain. He is one of the most powerful leaders in the worldÃ¢â¬â¢s political history. SimÃ ³n BolÃ ver was born on July 7, 1783 in Caracas, which is in modern day Venezuela. He was born into a relatively wealthy family, who profited from gold and copper mines they owned. In 1799, after the death of both of his parents, BolÃ ver moved to Spain to further his education. Just a three years later, he married and a short year later, lost his wife to yellow fever while visiting Venezuela. After this happened, SimÃ ³n returned to Europe, kept company with Napoleon and was inspired to reunite with one of his tutors, Simon Rodriguez who introduced him to Europeans enlightenment writers. BolÃ ver became deeply influenced by republican ideas. In 1805, a turning point i n BolÃ verÃ¢â¬â¢s political legacy occurred on a trip with Rodriguez in the Aventine Hill when he promised to make his homeland of Venezuela free from Spanish control. Over the course of the next several years, his main goal was to unite the colonies of Latin and South America, similar to the United States. In 1807, BolÃ ver returned to Venezuela to find a population divided between loyalty to Spain, and want for independence. However, when Napoleon captured King Ferdinand VII in 1808, the same population no longer felt they owed loyalty
Wednesday, May 6, 2020
Education has continued to germinate, diversify and widen its range and coverage since the morning of human history. Every state develops its system of instruction to show and advance its alone socio-cultural individuality and besides to run into the challenges of the times. There are minutes in history when a new way has to be given to an antique procedure. We will write a custom essay sample on Child Education In India Education Essay or any similar topic only for you Order Now That minute is today. The state has reached a phase in its economic and proficient development when a major attempt must be made to deduce the maximal benefit from the assets already created and to guarantee that the fruits of alteration reach all subdivisions. Education is the main road to that end. Issues Prevelance of Child labor: All non-school traveling kids are child workers in one signifier or the other. Agricultural kid labor constitutes the nucleus of the job. Child labour policies and instruction policies have to be formulated and operated in tandem. Parents do desire to direct their kids to be educated and poorness as a confining factor is extremely over-rated. Motivation and handiness of substructure instead than poorness are the cardinal factors. The paper underlines the strengths of formal instruction in eliminating child labor and forcefully argues for a statute law to supply for compulsory education.A The chief statement against child labor and mandatory instruction is that it is necessary for the well-being of the hapless as the province is unable to supply alleviation. The 2nd statement, is that instruction would do the hapless ill-sorted for the sort of manual work that is required to be done. The 3rd statement is that certain industries would be forced to shut down if they did non hold the installation of the low pay kid labor. The last statement against censoring child labor and implementing mandatory instruction is that the State should non be allowed to interfere in the parents Ã¢â¬Ë rights who know what is best for their kids and households. Lack of Coverage: Despite the regular enlargement of the ICDS, the coverage of kids for ECCE is still every bit low as 20 per centum. This is an issue of both unequal entree and unequal quality of service bringing. With ICDS go oning to be the chief vehicle for ECCE, the GOI is suggesting to spread out the service further and universalise it within the following few old ages. While this is a welcome proposal, the hazard is of spread outing excessively fast and compromising on quality. Girl Child Education: The Indian authorities has expressed a strong committedness towards instruction for all ; nevertheless, India still has one of the lowest female literacy rates in Asia. In 1991, less than 40 per centum of the 330 million adult females aged 7 and over were literate, which means today there are over 200 million illiterate adult females in India. Laws Associating to Child Education in India Constitutional place of instruction in India While sing the assorted facets of instruction with respect to province duty, judicial readings, given to this duty by assorted legal experts are the primary beginning of larning. In the good old times, instruction was basically an act of charity or philanthropic gift. Then, it was thought of as an Ã¢â¬Ëoccupation Ã¢â¬Ë . Judicial pronouncement went so far as to see it as an Ã¢â¬Ëindustry Ã¢â¬Ë . Whether or non to comprehend instruction as a cardinal right or non has been debated for a long clip. The constitution and the disposal of an educational establishment for the conveyance of cognition to pupils is an business, protected by Article 19 ( 1 ) ( g ) and to boot by Article 26 ( a ) , if there is no component of net income coevals. Imparting instruction has come to be a agency of support for some professionals. It is considered as a mission in life for some philanthropists. Ã¢â¬Å" Education Ã¢â¬ was a State Subject in position of the undermentioned Entry 11, placed in List II State List: Ã¢â¬â Ã¢â¬Å" 11. Education including universities, capable to the commissariats of entries 63, 64, 65 and 66 of List I and entry 25 of List III. Ã¢â¬ By the Constitution ( 42nd Amendment ) Act 1976, the above-said Entry was directed to be deleted and alternatively Entry 25 in List III Concurrent List, was directed to be appropriately amended so as to read as under: Ã¢â¬â Ã¢â¬Å" 25. Education, including proficient instruction, medical instruction and universities, capable to the commissariats of entries 63, 64, 65 and 66 of List I ; vocational and proficient preparation of labor Ã¢â¬ The Constitution of India has laid a directive before the province to do a proviso of free and mandatory instruction for kids below the age of 14 old ages. 45. Provision for free and mandatory instruction for kids: The State shall endeavour to supply, within a period of 10 old ages from the beginning of this Constitution, for free and mandatory instruction for all kids until they complete the age of 14 old ages. However, the authorities has non been successful in supplying equal installations of instruction for the under privileged kids, located in the rural countries. The Supreme Court in the instance Unnikrishnan vs. State of Andhra Pradesh ( 1993 ) ruled that the right to instruction is a cardinal right that flows from the right to life in Article 21 of the Constitution. Following this opinion, the 86th Constitution Amendment Act, 2002 added Article 21A, saying, Ã¢â¬Å" The State shall supply free and mandatory instruction to all kids of the age of six to fourteen old ages in such mode as the State may, by jurisprudence, determine. Ã¢â¬ The 86th Amendment besides modified Article 45, which now reads Ã¢â¬Å" The State shall endeavour to supply early childhood attention and instruction for all kids until they complete the age of 6 old ages. Ã¢â¬ The province late enacted the Right to Education Act, seeking to consequence the 86th Constitutional amendment Judiciary and Education In the judgement of Unnikrishnan, a Constitution Bench of this Court framed a strategy that governs admittances to professional colleges. The chief aim was to guarantee that virtue prevails in the affair of admittances, both in regard of what were called Ã¢â¬Å" free seats Ã¢â¬ every bit good as in regard of Ã¢â¬Å" payment seats. Ã¢â¬ This judgement was rendered on February 4, 1993. The strategy was to be effectual from the Academic Year 1993-94 onwards. Review Petitions were filed by several establishments against the said judgement. They were dismissed by the Constitution Bench. The judgement of P.A. Inamdar and others vs. State of Maharashtra was a landmark in the field of educational jurisprudence. Law studies are full with opinions related to the instruction in its several facets. Until the T.M.A Pai Foundation instance, there were four oft- quoted prima instances refering the field of instruction, viz. , ( I ) Unni Krishnan v. State of Andhra Pradesh ( 1993 ) 1 SCC 645 ( two ) St. Stephen Ã¢â¬Ës College v. University of Delhi ( 1992 ) 1 SCC 558 ( three ) Ahmedabad St. Xavier Ã¢â¬Ës College Society v. State of Gujarat ( 1974 ) 1 SCC 717 and ( four ) Rhenium: Kerala Education Bill, 1957, ( 1958 ) SCR 995. Right to Education Act The Right to Education Act seeks to give consequence to the 86th Amendment of the Constitution of India. Outstanding commissariats: The State shall guarantee a school in every vicinity Every school shall conform to certain minimal criterions, defined in the Bill Government schools shall supply free instruction to all admitted kids Private schools shall acknowledge at least 25 % of kids from weaker subdivisions ; no fee shall be charged to these kids Screening trials at the clip of admittance and capitation fees are prohibited for all kids Government schools will be managed by School Management The National Commission for Elementary Education shall be constituted to supervise all facets of simple instruction including quality. The Right to Education Act prescribes the Rights of Every Child as follows: Every kid between the age of 6 and 14 old ages has the right to full-time free and mandatory instruction in a neighbourhood school. Non-enrolled kids, of age group 7-9 old ages, have the right to be admitted in an age-appropriate class within one twelvemonth of the beginning of the Act, and kids, of age group 9-14 old ages, have the right to be provided particular programmes that will enable them to go to such class within three old ages. Children with terrible or profound disablement, who are unable to go to a neighbourhood school, have the right to be provided instruction in an appropriate environment. A kid can non be held back in any class or expelled from a school boulder clay Class VIII. Any ejection requires an order of the School Management Committee ( SMC ) , which will be given merely after all other disciplinary steps have been exhausted, and parents/guardians have been heard. The local authorization will take stairss to inscribe such a kid in another neighbourhood school. The Act besides prescribes the duty of the State as follows: The State shall guarantee handiness of a neighbourhood school for every kid within three old ages. In instance of non-availability, free conveyance or free residential installations shall be provided. The state/UT authorities shall find every twelvemonth the demand of schools, installations, and their locations ; set up extra schools as required ; deploy instructors and create installations for their preparation. The State shall develop a mechanism to supervise registration, engagement and attainment position of every kid, and take disciplinary stairss wheresoever required. Information in this respect will be made available in the public sphere, including on an online footing. School Admissions No school can carry on any screening process of any kid or parents at the clip of admittance. Children will be selected for admittance in a random mode. Capitation fees are prohibited. Commissariats refering School Management: All non-government schools have to be recognized by a Competent Authority or they must close down. The Act specifies certain norms ( such as teacher-student ratio, physical substructure etc. ) to be fulfilled by all schools as a pre-requisite for being recognized. All State and aided schools are required to organize School Management Committees ( SMCs ) with at least 75 % of the members being parents/guardians, and the other members stand foring instructors, the community and the local authorization. SMCs will pull off the school, including the countenance of leave Commissariats sing Content and Process Schools and academic governments explicating course of study shall conform to the values enshrined in the Constitution. Schools should run in a child- friendly and child- centred mode. No kid shall be required to look at a public scrutiny before finishing Grade VIII. Policies and Schemes Outstanding Policies in the Context of Provision of Early Childhood Care and Education ( ECCE ) in India National Nutrition Policy ( 1993 ) which recognized kids below six old ages as bad groups to be given high precedence. National Policy on Empowerment of Women ( 2001 ) , supported proviso of child care installations, including creches at work topographic points. India besides ratified Convention on Rights of the Child in 1992 and reaffirmed its committedness to kids, which resulted in preparation of policy model to fix a National Charter for Children. National Commission for Children has besides been set up. The Commission as visualized would protect/safeguard the rights of kids with a strong legal base. National Plan of Action for Children ( 2005 ) included universalisation of ECCE as one of the ends. It specified attention, protection and development chances for kids below 3 old ages and integrated attention and development and pre-school acquisition chances for 3-6 twelvemonth olds. National Curriculum Framework ( 2005f emphasized two old ages of pre-schooling and considered ECCE as important for holistic development of the kid, as a readying for schooling and as a support service for adult females and misss. It advocated play-based developmentally appropriate course of study Integrated Child Development Services ( ICDS ) India has the differentiation of holding conceptualized and floated possibly the universe Ã¢â¬Ës largest plan for kids, modeled on the definition which says that working with kids means a more holistic position one of its constituents is child instruction, every bit early as in 1975. Known as the Integrated Child Development Services ( ICDS ) , this plan targets kids, pregnant and breastfeeding female parents and adolescent misss from a lifecycle perspective Non-formal preschool instruction has been one of its nucleus constituents. Other Policies and Schemes aÃâ ? National Policy on Education, 1968 aÃâ ? National Policy on Education, 1986 aÃâ ? National Policy on Education, 1986 ( As modified in 1992 ) aÃâ ? National Common Minimum Programme of the UPA Government, announced in May, 2004 Infusions associating to Education aÃâ ? National Curriculum Framework, 2005 aÃâ ? National Commission for Protection of Child Rights aÃâ ? Jawahar Bala Arogya Raksha aÃâ ? Rashtriya Madhyamik Shiksha Abhiyan ( RMSA ) aÃâ ? Incentives to Girls for Secondary Education aÃâ ? Information and Communication Technology in Schools ( ICT @ Schools ) aÃâ ? Primary Education Ã¢â¬â Sarva Shiksha Abhiyan Suggestions Decentralized and holistic planning for kids: Given India Ã¢â¬Ës diverseness and scale the planning procedure and designing of intercessions for kids have to be contextualized. This can merely be possible through a decentralized and participatory attack to planning and execution. The Education sector already has experience of this attack to some extent and the plans /services for younger kids would necessitate to larn from this experience and make out to kids in a more targeted and local specific manner. Precedence to and Ownership of ECCE: Very late, the entire duty of ECCE has been shifted from Department of Education within the Ministry of Human Resource Development to a freshly created Ministry of Women and Child Development. Though, it is excessively early to notice upon the deductions of this determination, nevertheless, it is likely to bring forth a batch of treatment and argument about the issue of ownership and its logistic location with the instruction sector. Prescription V. Practice: While, a favorable policy model and appropriate curricular counsel is available in the state for ECCE ; the world is that there is a big spread between what is prescribed or suggested and what is practiced. In a survey conducted by the NCERT ( 1998 ) it was found that about all the ICDS centres observed adhered to learning of 3 R Ã¢â¬Ës ( reading, composing and arithmetic ) and there was a practical absence of any drama activities. Typically, the activities of preschool instruction under ICDS are conducted for a period runing from 45 proceedingss to two hours duration daily, with minimum drama and larning material support and that excessively, mostly in the absence of sufficient outdoor and indoor infinites, basic substructure installations and competent workers. Preschool instruction in private/ public babyÃ¢â¬â¢s room schools, once more, is mostly a downward extension of primary instruction course of study, with instructors frequently holding no ECCE preparation. Training Inputs and Institutional Support: Effective readying of teachers/service suppliers for ECCE is another issue, which is expected to find quality. Matching to the scope of ECCE plans and enterprises in India there is a assortment of developing commissariats in ECCE, every bit good. These scope from the two twelvemonth integrated Nursery Teachers Ã¢â¬Ë preparation plan ( NTT ) which aims at fixing instructors for preschool phase ( 3-6 old ages ) and for the first two classs ( 6-8 old ages ) of the primary phase, In add-on, the course of study of higher/ senior secondary phase of instruction ( +2 ) in Central Board of Secondary Education, National Institute of Open Schooling and many State Education Boardss have besides included early childhood instruction as an country of vocational instruction. Public Spending on Childs: For the really first clip, in the twelvemonth ( 2004-05 ) , the Ministry of Women and Child Development ( MWCD ) in Government of India undertook a Ã¢â¬Ëchild budgeting Ã¢â¬Ë exercising to look at commissariats and outgos for kids more holistically. This portends good for a more comprehensive attack towards planning and budgeting for kids in the hereafter. The public financess allocated to kids are classified under four caputs in the kid budgeting exercising: ICDS A ; Nutrition, Education, Health and Child Protection and others. As per the Fundamental law of India, kid related commissariats are in the coincident list of duties with the States holding a outstanding function in service bringing. However, most of the provinces passing are on perennial points of outgos, it is the financess which are made available through the Centrally Sponsored Schemes that provide for reform and quality betterment. Overall, there has been an addition in outgo on kids as a per centum of GNP from 2.66 % in 1993-94 to 3.26 % in 2001-02 ( DWCD, Annual Report, 2004-05 ) . As indicated in Figure 13 below, in footings of comparative parts, both the cardinal and State parts show steady additions over clip, particularly since 1997-98, with the provinces Ã¢â¬Ë part being significantly more dominant. Still the overall public outgo is far less than it should be. 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Tuesday, May 5, 2020
Question: Discuss about the Sustainability Accounting and Accountability for Accounting and Finance? Answer: Importance of Audit Quality The main purpose of audit report is to enhance in the degree of confidence by most of the users of company based financial reports. It is noticed that users have the liberty to include creditors, shareholders as well as stakeholders for maintaining business relationship within the working of the company. High quality audit report will help in demonstrating true financial position and attracting the partners for new ventures for the same (Scott 2014). It is important to consider the fact that audit serves as disruption for the company in accordance with the normal workflow. Factors affecting the criticism on audit quality There are various factors associated with audit quality and these are as follows: Internal control Audit quality is mainly obtained from the process of identification and administrating with the financial activities for reaching the quality objectives in an overall manner (Kaplan and Atkinson 2015). Audit firm aims at high-quality audit committees and minimizing in the internal control weaknesses for future business activities. Firm Size Most of the large business organization perform powerful test for measuring the audit quality in the operational matters. There is positive relationship between the firm sizes of audit firm as well as audit quality for the same. There are vast differences between the forecasted as well as reported incomes for the large companies. Fees of Auditors Audit fees relates with the charges that is paid by the companies especially to the external auditors. They are paid for rendering audit services as well as non-audit services. These services include management advisory as well as professional consultancy services (DRURY 2013). These fees include various wages and benefits especially for the office as well as field personnel in audit support activities. Audit fees are quality differentiated in the competitive market for viewing at the quality differences in an overall manner. Independence of auditors Independent audit committee helps in enhancing in the independence of an external auditor. This ensures professional advices with response to management activities for the same. Audit committee mostly conduct informal as well as private meetings for discussing the material issues for future business activities (Brown 2014). Audit independence helps in maintaining auditor-client negotiation for most of the financial reporting issues for the quality external auditors. Reputation of auditors This particular research will help in investigating on audit failure based upon the reputation of auditors. Reputation of an auditor depends on the perceived as well as actual levels in the auditing reports (Deegan 2012). It is important to understand the fact that high-quality job will help in increasing the level of profitability as well as audit results. Industry specialization In this particular research, relation between audit quality and the industry of an auditor will help in detection of audit results. Qualification and proficiency of auditors The main aim of audit report is to assure the outsiders on matters relating to material misstatements in the financial statements (Bebbington, Unerman and O'Dwyer 2014). It is required to develop in the leadership as well as management skills and level of proficiency in an overall manner. Critical appraisal by the professor regulators and effectiveness of proposed measures in improving audit quality Accounting or auditing scandals are the events, where the trusted executives of an organization provide misleading financial facts to influence various factors such as profit, taxes etc. Misusing or misdirecting funds, overstating revenues, misusing or misdirecting funds, overstating the value of corporate assets, understating expenses or under reporting the existence of liabilities are the most common forms of auditing scandals (Hay 2015). Various companies such as TESCO have been found involved in various audit scandals. Recently, after identifying revenue recognition irregularities in the half-year results of TESCO, it is found that the management of TESCO overstated their profits by 263 Million in 2015 (Mohamed and Handley-Schachler 2015). The regulators and the Conduct Authority (FCA) decided to penalize the organization accordingly. The management of TESCO estimated that their supermarket business would go to earn 1.1 Billion as half-year trading profit in 2015. The company enh anced their profit by embarking on aggressive accounting excessively. However, the half-year trading profit became 263 Million (originally 250 Million). After the incident, the management started reviewing the figures to identify why they end up inflating first half- year profit prediction in 2015. They realised that they overstated the figures during the final preparations for their latest interim results (Haddock-Millar and Rigby 2015). Although, PwC is the usual auditor, but Deloitte actually conducted a comprehensive and independent review to analysis the situation by involving the delayed accrual of costs and the accelerated recognition of commercial income. Deloitte found that TESCO indeed overstated their profit. 2014-15 Overstated profit by 118 Million during the first half of 2015 2013-14 Overstated profit by 70 Million 2012-13 Overstated profit by 75 Million Table 1: Investigation of Deloitte (Source: Sharma and Kelly 2015) Balanced Scorecard for the audit quality that includes four major categories: Input Process Outcomes Context Incentives and motivation Regulatory Enforcement Potential reputation loss Potential litigation cost Audit process judgement Experience as well as experience of an auditor Time of audit accountability Adverse outcomes Restatements of accounting criteria Litigation against an auditor Audit Partner Partner Incentives Audit Partner Compensation Professional Skepticism Moral Reasoning Tenure of audit Professional Identification Audit Production Corporate Governance Earnings Manipulation Political Risk of audit firm Disclosure policies Financial Reporting Quality Earnings Neutrality Earnings Conservatism Earnings creditability Abnormal audit firms Knowledge and expertise Assessment of risk Audit Reports Non audit fes The group CEO of TESCO, Dave Lewis accordingly accepted their mistakes and duly indicated the incident as a serious issue. He also concentrated on both transparency and integrity. He also assured that the management would take necessary actions based on the investigation outcomes. The full-year trading profit of TESCO went down due to challenging trading conditions and the market share of the company also decreased due to the presence of various potential competitors. Additionally, the audit scandal also affected the market reputation of TESCO (Tsegba and Upaa 2015). TESCO has been one of the market leaders within the UK grocery sector, but the business is now facing threats from various rivals. As a result, the market share and the profitability of TESCO significantly decreased, especially during 2014 and 2015. This was the situation that mainly influenced TESCO to involve in aggressive accounting scandal. The threats of a publicly traded company, which is focusing on the short-term perspectives, can be evaluated from the case of TESCO (Yu 2015). Due to increasing pressure from the investors, the company was hardly able to concentrate upon establishing a long-term sustainable business with innovation and better customer relationships. The company often forecasted that their earnings would never going to match the demands of the investors. They tried overstating figures in order to retain support and attractiveness of their business organization (Hay 2015). They realised that TESCO was not going to reach their sales target and they dealt with the ir suppliers to make such payments by offering various benefits in the next financial year. Such benefits are actually kept secret unethically and TESCO actually had to pay the money back to their suppliers in the worst-case scenarios. Aggressive accounting is acceptable to limited extent, but TESCO went too far with that. Six major Japanese banks: Master Trust Bank of Japan Ltd, Mitsubishi UFJ Trust Banking Corp, Trust Custody Services Bank Ltd, Japan Trustee Services Bank Ltd, State Street Trust Banking Co, and Nomura Trust Banking Co sued Olympus Corporation for submitting misleading financial statements for 13 years starting in the 1990s (Tsegba and Upaa 2015). The key purpose of Olympus Corporation was to attract more investors in the short run. Starting from 1990s, the Japanese equity market started declining and Olympus Corporation started incurring loss. However, under the accounting standards of Japan back then, Olympus Corporation did not report their unrealized losses. The company has also tried hiding their loss with overpriced acquisitions. However, due to the introduction fair value accounting by the Business Accounting Deliberation Council, Olympus Corporation had no option but to mention their loss (Sharma and Kelly 2015). Conclusion and Recommendations From the above study, it is easy to gather information on audit quality. This research on audit quality helps in understanding concepts related to corporate transparency as well as market efficiency in an overall manner. There were various undoubted effects related to transparency as well as reliability on the corporate reporting system. It mainly tracks the audit quality and its lacking in the regulation activities. This increases in the level of complexity as well as subjectivity of the research work. Audit quality framework will help in satisfying the main aspect that includes the degree of compliance for the predetermined criteria for the same. In order to understand the audit quality, it is essential to assure the reliability pattern in the corporate reporting system. It helps in regulators for setting the shareholders role and identification of quality drivers in the input process in an overall manner. Reference List Bebbington, J., Unerman, J. and O'Dwyer, B., 2014.Sustainability accounting and accountability. Routledge. Brown, R., 2014.A history of accounting and accountants. Routledge. Deegan, C., 2012.Australian financial accounting. McGraw-Hill Education Australia. DRURY, C.M., 2013.Management and cost accounting. Springer. Frc.org.uk,. "Financial Reporting Council". N.p., 2016. Web. 18 Jan. 2016. Haddock-Millar, J. and Rigby, C., 2015, January. BUSINESS STRATEGY AND THE ENVIRONMENT: TESCO PLC'S DECLINING FINANCIAL PERFORMANCE AND UNDERLYING ISSUES. InGlobal Conference on Business Finance Proceedings(Vol. 10, No. 1, p. 127). Institute for Business Finance Research. Hay, D., 2015. The Frontiers of Auditing Research.Meditari Accountancy Research, Forthcoming. https://www.accaglobal.com, ACCA. "Global Body For Professional Accountants | Accountancy | ACCA | ACCA Global".Accaglobal.com. N.p., 2016. Web. 18 Jan. 2016. Iaasb.org,. "Auditing Assurance | IFAC". N.p., 2016. Web. 18 Jan. 2016. Icaew.com,. "Audit Quality Forum 10Th Anniversary - Can Business Ever Get It Right? | ICAEW". N.p., 2016. Web. 18 Jan. 2016. Icaew.com,. "Welcome To ICAEW.Com | ICAEW". N.p., 2016. Web. 18 Jan. 2016. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Mohamed, N. and Handley-Schachler, M., 2015. Roots of Responsibilities to Financial Statement Fraud Control.Procedia Economics and Finance,28, pp.46-52. Scott, W.R., 2014.Financial accounting theory. Pearson Education Canada. Sharma, U. and Kelly, M., 2015. The changing role of accounting education and management control systems in the age of sustainability.International Journal of Critical Accounting,7(3), pp.289-303. Tsegba, I.N. and Upaa, J.U., 2015. Consequences of Financial Statement Fraud: A Developing Country Perspective.International Journal of Business and Management,10(8), p.115. YouTube,. "Audit Quality With David York, Head Of Auditing Practice At ACCA". N.p., 2016. Web. 18 Jan. 2016. Yu, Y.F., 2015. Accounting fraud motivation.
Wednesday, April 1, 2020
When coming up with simple process analysis essay topics, it's essential to have a good idea of what you are writing about. Make sure that you understand the step by step details of writing such an essay. A suitable process and analysis essay topic should show the world its high level of creativity. You should keep it easily understandable as you take the readers through a systematic process. Below are some critical process analysis essay topics. By carefully going through them, you take the essential steps in becoming a professional process paper topic essay writer. You'll find them in ten different categories. Process Paper Topics for All College Students In college, you'll need to write process paper topics at one point in your learning career. Through enough practice in both reading and writing, you'll have a comfortable experience. So, to give you an extra edge, take a look at some of these process essay examples: How To Earn Money While Still In College How Should You Study For Your Final College Exam? How To Write An Attractive College Application Steps In Writing An Impressive Cover Letter Ways In Which You Could Come Up With A Science Project How Should We Improve Schools Learning Curriculum How To Write An Excellent Dissertation Paper How Can You Save Money While In College? How To Prepare Adequately For Your High School Prom Effective Methods Of College-Level Research Funny Process Paper Topics Entertainment is an integral part of our lives. Reading funny process paper topics, especially after a hard day's work relaxes the mind. Therefore, as a writer, it's essential to come up with ideas which soothe and console the minds of your audience. Here are some funny process paper topics: How To Listen To An Orchestra And Not Fall Asleep How To Eat A Full Slice Of Pizza With Only One Bite How To Come Up With The Best Birthday Party Surprise Steps Towards Becoming A Fierce Online Gamer How Does A Well-Cooked Meal Every Day Prevent Divorce? Ways In Which You Could Meet Your Sole-Mate Online How To Prepare A Bachelor Party Steps In Planning A Colorful Wedding Celebration How To Stack The Food Buffet At Your Graduation Party How To Make Her Laugh On The First Date Topics for Process Analysis Paper on Love and Marriage As a student, you'll need to write essay papers on different topics. Among these types of articles, you'll come across topics for process analysis paper on love and marriage. How will you go around this? Well here are some amazing process essay examples to help you get started: How To Make Her Fall In Love With You On The First Date Steps Towards Building A Successful Marriage Relationship How Should Career Mothers Balance Work And Home Duties How To Know When Your Partner Is Unhappy How To Plan For A Winter Wedding How Should You Plan For A Family Holiday Vacation? How To Keep Your Marriage Interesting Even In Old Age Methods Of Reconciling Your Marriage After Separation How To Take Care Of Your Partner If He Or She Is Sick Stages In The Moaning Process For Widows And Widowers Process Analysis Essays on Sports and Leisure Sports are one of the exciting activities, especially in the current generation. A good process analysis essay on leisure and sports should captivate, inform and even compel the reader to try out something. Some of the interesting topics for process analysis paper on Sports and Leisure that we've come across include: How To Complete A Full Gym Work Out How To Train For A Marathon Steps In Building A Successful Swimming Team Ways In Which We Are Failing In Nurturing Young Talented Athletes How To Play The New FIFA 18 Like A Pro How To Become A Skillful Footballer Methods Of Building A Reliable Race Car How To Enjoy A Family Fun Day During The Weekend How To Become a Lucky Sports Betting Pro How To Plan For A Rugby Cup Final Process Essay Topics on Justice and Legal Affairs There are also various process essay topics touching on law and the entire justice system. If you are studying for the law, you'll come across questions such as: How To Handle A Litigation Process How To Submit Evidence Before A Court Of Law Steps Towards Making A Bill Into Law How To Pick Yourself Up After Losing A Court Case How To Choose The Best Legal Team When Dealing With Criminal Charges How Does The Supreme Court Discharge Its Mandate? Steps To Be Followed In A Family Court How To Punish Individuals Found To Have Committed Treason? Stages In The Legal Process Of The International Criminal Court How Does The Supreme Court Handle Appeal Cases? Process Analysis Essay Topics on History, Politics, and Governance Interested in learning how the government operates? These process analysis examples will help you out: How To Plan For A General Election How Did The United States Survive The Great Depression Stages Which Led To The End Of The Second World War How Can Event Organizers Plant For A Presidents Inauguration Ceremony? How Does The British Prime Minister Appoint Government Officials Functions Of State Governors In The United States How To Run A Successful Presidential Campaign How Does The President Distribute Resources Across Different Regions In The Country? How Has China Become One Of The Leading World Economies? How Can We End The Political Tension Between The United States And The Republic Of North Korea? Process Analysis Paper Topics in Business and Information Technology Here are some of the impressive process analysis essay examples on how we handle trade and commerce today. Also, with the growing rise in technology, it's now become hard to separate it from business. With that said, take a look at some of these ideas: How To Create An Attractive Business Portfolio How To Prepare For An Interview How Can Company Marketers Create Web Content How To Improve Your Team's Productivity Through E-Learning How To Sell Your Products Online How To Talk To Potential Customers Using Facebook And Twitter How Has eBay Changed The Way We Do Business How To Earn Money While Working Online How To Easily Sell Your Shares And Get Good Cash! How To Forge A Successful Career In Financial Banking Process Paper Topics on Gardening and the Environment Some of the interesting process paper topics on gardening and the state of the environment include: How To Conserve The O-Zone Layer How To Improve Soil Fertility Organically Steps Towards Creating More Healthy And Acceptable GMOs How To Prevent Drainage Of Wastes Into Rivers Ways In Which We Can Prevent Worldwide Poaching Methods Of Successful Garden Farming How To Prevent Soil Erosion And Landslides Effective Water Conservation Methods How To Grow Plants In A Hydroponic System Ways In Which You Could Grow Your Crops In A Polytunnel Process Analysis Essay Topics on Science and Medicine Some of the process essay topics on matters touching on science and medicine include: How To Prevent Infant Deaths Through Proper Pregnancy Methods How Can We Improve Space Travel Through Advancements In Science? How To Prevent The Spread Of HIV/AIDS Methods Of Successful Cancer Treatment How To Prevent Yourself From Getting Common Cold During Winter Months How Does Draining Stagnant Water Prevent The Spread Of Malaria? How To Take Care Of The Physically Challenged Individuals In Society Steps Towards Making Nutritious Breast Milk For Lactating Mothers How To Prevent The Spread Of Communicable Diseases How Have The New Cancer Treatment Machines Saved Lives? Process Analysis Essay Examples on Film, and Music Lastly, we'll mention some impressive process analysis essay examples on music and film. They include: How To Become A Professional Film Producer Steps In Preparing For A Singing Competition How Has Music Changed Over The Last Century? Process Of Making A Successful Theatre Show How To Introduce Your Child To High School Music And Theatre How Has A Career In Acting Changed Lives Of Different Individuals? How To Identify A Famous Music Producer Steps Toward Becoming A Good Scriptwriter How To Learn Dancing In 5 Easy Steps How Has Film Changed Over The Last Five Decades? Conclusion With the above process analysis essay examples, you have all you need to make you a professional writer. Just choose the category that suits you best and tackle as many topics as possible. Remember that these are only some few samples and there are many process analysis essay topics out there for you!
Saturday, March 7, 2020
One Who Flew Over the Cuckoo's Nest essays The novel One Flew Over the Cuckoo's Nest" had many important events with in its binding. These events helped the reader follow along with the story. It also made the story what it is. The characters also helped moved the story along. They were all very strong characters. In, "One Flew Over the Cuckoo's Nest", the main character is Randle P McMurphy. He sort of comes off as a New York tuff guy. In my opinion McMurphy is a hustler, considering his gambling and how he's always trying to manipulate other patients to his benefit. Chief Bromden is a six foot eight, half bread Indian. For years, Chief has fooled the staff and patients in the ward into thinking that he's deaf and dumb. Though it was by accident, McMurphy is the first person that Chief has spoken to in years. Throughout the book, Chief seems to open up to McMurphy Big Nurse is a picky and mean. On the outside, she's always smiling, but inside she's full of hate. The biggest reason she despises McMurphy is because he threatens her perfect little world. One important event is the vote held on the watching of the World Series. McMurphy had actually won the vote, but still wasn't able to watch the game. McMurphy didn't get to watch the game, but in a sense still won, This sense was that he still had influenced the patients to actually Another important event is the fishing trip. Big Nurse strongly disapproved the trip, and she showed it. She posted newspaper clippings of bad weather reports and tragedies at sea, right next to the sign up sheet for the trip. Despite the fear that some of the patients felt, they went The beginning of the party is somewhat important. It's shows how good of a manipulator McMurphy really is. Though Mr.Turkle knew he could get fired, McMurphy was able to talk him into letting Candy Girl and Sandy into the ward. ...
Thursday, February 20, 2020
Report to the Board of Directors of ABC Limited on the proposed acquisition of additional shares in the company XYZ Limited - Essay Example Provided that a share premium account and a capital redemption reserve fund may, for the purposes of this regulation, only be applied in the paying up of un-issued shares to be allotted to members of the company as fully paid bonus shares. Hence declaration of dividend and issue of Bonus shares are to be treated differently. However while issuing the bonus shares in lieu of dividend the following provisions governing the declaration of dividend are to be considered. 91. At the first annual general meeting of the company all the directors shall retire from office, and at the annual general meeting in every subsequent year one-third of the directors for the time being, or, if their number is not 3 or a multiple of 3, then the number nearest one-third, shall retire from office. The directors to re... Shall not make a distribution EXCEPT out of profits AVIABLE FOR THE PURPOSE Distributable profits are Accumulated Realized Profits Less Realized Losses Accountants usually regard a profit as realized if the company concerned has obtained cash. Thus, a book profit is an unrealized profit. _______________________________________________________________________ 2. Change in the composition of the Board: The following provisions of Table A which govern the appointment and term of office of the Board of Directors are worth noting: Clause 91 of Table A 91. At the first annual general meeting of the company all the directors shall retire from office, and at the annual general meeting in every subsequent year one-third of the directors for the time being, or, if their number is not 3 or a multiple of 3, then the number nearest one-third, shall retire from office. Clause 92 of Table A The directors to retire in every year shall be those who have been longest in office since their last election, but as between persons who became directors on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot. Clause 93 of Table A A retiring director shall be eligible for re-election. Clause 109 of Table A 109. The directors may from time to time appoint one or more of their body to the office of managing director for such period and on such terms as they think fit, and, subject to the terms of any agreement entered into in any particular case, may revoke such appointment. A director so appointed shall not, whilst holding that office, be subject to retirement by rotation or be taken into account in determining the rotation of retirement of directors, but his appointment shall be