ISSUES IN FINANCIAL REPORTING Essay Example | Topics and Well Written Essays - 2500 words

ISSUES IN FINANCIAL REPORTING - Essay Example The analysis of the enterprise’s performance is critical because it helps decision makers such as the investors and managers for effective decision-making. The analysis of performance provides information about the efficiency of allocation of resources and factors causing the business not to achieve its objectives (Hargreaves 2015) The trend analysis will enable the stakeholders in making an assessment as to whether the company is improving or not improving and how competitive the company is in the industry (Alexander, Britton & Jorissen, 2011). The report provides causes for observed performance in the particular company. The report offers a recommendation on the areas that require improvement to achieve better financial performance. Corporate governance refers to a method of directing and controlling companies. It involves balancing between social and individual goals or economic and social goals to align the interests of the businesses, individuals and the society as close as is practicable (European Accounting Review, 2015). It specifies the correlation between shareholders, the board of the company and other stakeholders. Also, it provides the structure for setting up company’s objectives, approaches for attaining these goals and determines how to monitor the performance (Alexander et al., 2011). Corporate governance eases operational, innovative and sensible management that can promote continuous performance of the business. Corporate governance is reinforced by various theories such as agency theory, stakeholders’ theory, resource dependency theory and stewardship theory. The responsibility of governing corporations is bestowed upon the board of directors. Shareholders have the responsibility of appointing the board of directors to ensure to ensure effective corporate governance (European Accounting Review, 2015) On the other hand, the board of directors sets the

The representation of Gender roles Essay Example for Free

The representation of Gender roles Essay The representation of Gender roles is an issue expressed in The Penguin best Australian Short stories collection. The issues of gender are expressed through gender inequality, stereotypical gender roles, the economic basis of marriage, and the expectations of women. These beliefs and their changes as the stories became more modern are presented through the stories, Monsieur Caloche, The Lottery and A Gentlemans Agreement. The representation of gender inequality is expressed in the story Monsieur Caloche (1889) through a satirical point of view. This story represents the workplace and throughout most of the story the readers notice that there was a deficiency of female characters. The irony is that at the end of the stories the readers find out that the main character Monsieur Caloche is in fact a young girl, who had lost her beauty after suffering from smallpox, and resorted to looking for a job as a boy. Hiding the loss which had deprived her of all the glory of her sex. Beauty is more than skin deep, however Monsieur Caloche had not known it. This is an example of gender inequality in Australia during the 19th century. The story The Lottery (1943) represents the stereotypes of the gender roles through the view of Ted, the husband. Ted had strong opinion about what men and women were supposed to act and about what a good husband and a good wife did. All she had to do was stay at home and look after the children. he had a vision of his washed cream trousers, the childrens neatness, the tidy house. That was being a good wifeand he has always been a good husband, always brought his money home, never looked at another woman. This shows that the genders were stereotyped in Australia in the 1940s. Another gender issue brought up in the story The Lottery is the economic basis of marriage. The man was the economic base of the family and everyone in the story assumes that a wifes money is her husbands to dispose of. He could do almost anything he could think of with five thousand pounds. This shows that Ted was already assuming the money was his, as does his neighbour who had money problems. Ted says confidently to him I wont see you stuck, old man. The Lottery also brings up an issue of expectations and changes of the women in the 1940s. Ted had expected Grace to call him to tell him the news of the Lottery and to tell him about everything she does. The readers notice that he was more critical of Grace than affectionate. He was more concerned about where Grace got the money to buy the Lottery ticket. It seems that she had no right to spend his money on something other than the basic needs of the family. He mustve been paying her too much for housekeeping. This shows that there were high expectations of Australian women during that period of time from their husbands. The women were expected to do as if the husband owned them and their sole role was to look after the family. At end of the Lottery we learn that Grace as a woman was able to take a stand for what she wanted and to go against her husband, which shows that the gender roles were changing. The gender roles in the Australian short stories seem to shift as they become more recent. In the later story, A Gentlemans Agreement (1974) , there were no strong male characters at all. The mother was able to look after the family and was able to outsmart a man in order to do so. She tricks the buyer of the farm into a Gentlemans Agreement and when questioned by her children she says confidently, Well he can come on his land at any time, there is nothing in the gentlemans agreement that says he cant. This shows dramatic change of the female role in comparison to the earlier story Monsieur Caloche which presents women as the oppressed. The mother in the Gentlemans Agreement was dominant. However she still followed the expectations of looking after her family, yet she was also able to support her family economically. The Variation of gender roles over time can be seen to the representations of women in the stories, Monsieur Caloche, the lottery and A gentlemans Agreement. These variations can be seen through the presentation of gender inequality, stereotypical gender roles, the economic basis of a family and the expectations of women. The change in female characters from the oppressed in Monsieur Caloche to the more dominant in A gentlemans agreement explains that there was a variation of gender roles for the  characters, especially female characters, who not only fulfil their own roles but the roles of a stereotypical male as the stories became more modern.

James S. Hirsch’s Book, Hurricane :: Essays Papers

James S. Hirsch’s Book, Hurricane In James S. Hirsch’s book about Rubin "Hurricane" Cater, Hurricane, the author describes how Carter was wrongfully imprisoned and how he managed to become free. Hirsch tells about the nearly impossible battle for Carter and his friend John Artis for freedom and justice. Both, Carter and Artis, were convicted of a triple homicide, and both were innocent. The book raises the importance of, and questions, the writ of habeas corpus. Carter used a writ of habeas corpus to get a federal trial. Many question the legality of Carter going into federal jurisdiction, when his case should have been heard before the Supreme Court of New Jersey. It was a gamble, but the federal judge gave fair justice to Carter and Artis. The State of New Jersey appealed the case all the way to the United States Supreme Court, which upheld the District Court’s ruling. Rubin "Hurricane" Carter was a boxer who hailed from Paterson, New Jersey. His story begins in the summer of 1966, during the Civil Rights Movement. Carter was at the Lafayette Bar and Grill on June 17th, but he was denied service by the bartender, James Oliver, due to his race. Carter left the bar after being denied service. Around 2:30 A.M., two armed black men came into the Lafayette Bar and opened fire. Oliver and one customer were killed instantly. Two other patrons, Hazel Tanis and William Marins, were seriously wounded. Patty Valentine, a tenant who lived above the bar, looked out her window just after the shooting. She saw two black men leave in a white car. Nearby Alfred Bello and Arthur Bradley were breaking into a factory. Bello was the lookout, and his exact location - inside or outside the bar - would be a point of concentration for the next twenty years. The police arrived at the bar within minutes. They took statements from Marins, Valenine, and Bello. Not one of them said they had seen Rubin Carter, one of Paterson’s most well-known citizens, at the scene. A police bulletin radioed officers to be on the lookout for a white car with two black men inside. Four minutes after the shooting, but before the police bulletin, a Paterson police officer was chasing a speeding white car which was leaving town.

Decision making software Essay

The term ambivalence refers to the concept of uncertainty or fluctuation, especially when caused by inability to make a choice or by the simultaneous desire to say or do two opposite or conflicting things. This state of ambivalence manifests itself throughout people’s everyday lives. The choices and decisions one makes, whether it be small or large, causes a sense of uncertainty within him/her. Through this uncertainty, a feeling of tension forms with one’s sense of self. The tension is derived from the imminent choice one must conclude with. People may expect to make an ideal choice when one doesn’t actually exist. †¦the problem with making a choice for one option is that you have to give up every other possibility — that is, you have to limit yourself to the one thing you’ve chosen and renounce all the others. (Burgo) There seems to be two things at the root of ambivalence—the choice and the fear of the choice. The quote stated above by Dr. Joseph Burgo elucidates that the challenge of ambivalence is a matter of choice (people don’t want to actually have to choose). Humans, by nature, are selfish beings who crave and desire all the values they are able to attain. In the event that one must choose between two ve’ry appealing options, that person is flooding with ambivalence. The person is so torn because he/she desires both options but sees that it is impossible to do so. Both choices are appealing but a decision must be made. Within the aspect of choice, there is always the case of fear within one making the decision. We may be afraid of loss or regret if we choose â€Å"badly†, and/or we may fear the savagery of our own conscience if we make a â€Å"mistake†. (Burgo) A person becomes afraid of making a choice, especially if making a decision can negatively impact them. He/she also becomes fearful of losing the other option when choosing the other due to the fact that in most cases, once a decision is made it is finally—there is no going back. There is also the aspect that one’s choices can affect another person or the opinion of that person making the choice. If one choices something, he/she may very well lose someone who does not agree with that choice. Ambivalence reflects an intense fear of the consequences involved in choosing. One example that can demonstrate these aspects of ambivalence is pregnancy—trying to choose between life and abortion. On one end, a woman has the option of keeping the baby, raising it, caring for and loving it, watching it grow old while ruining her reputation or have a living reminder of the father (if the father is not in the picture or is a rapist). At the other end, she can kill the unborn fetus and kill any chance of that fetus having a life, but the woman can retain her life not have to take on the responsibility of caring for a child. The two choices she has both contain â€Å"pros† and â€Å"cons. † The woman might become afraid of the choice she must make because if she chooses life, she will have to have the responsibility of taking care of a living being and people will judge her; she also might fear she does not possess the resources to help maintain the life of the baby (money for food, diapers, bottles, etc. ). If the woman were to choose abortion, she might be fearful because she will being killing something human, something that is a part of her, something that is alive. She could be consumed in guilt because she might consider herself selfish and a murderer. The woman would also become afraid that she might lose some people who are important to her because of the people’s opinions; she will lose people either way. The woman has become ambivalent on this subject and does not want to choose; not because she wants both, but because she doesn’t want the consequence of the choices she makes. Meyer 3 Another example that could elucidate this notion of ambivalence is the common subject of love. Often times, women and men become ambivalent when the event of loving two people arises. For instance, a woman desires two men that are both appealing to her. It can be seen here that the woman does not wish to really choose between them, she wants them both. However, she realizes that this desire to possess both is unattainable. Further analyzing this situation, one could argue that the woman cannot truly love the first man because if she did, why did she fall for the second? Taking this concept into mind, one might say that the ambivalence does not lie with the woman not being able to choose between the men but with the woman not being able to choose what she likes most in the men’s characteristics. Bringing in the fear of losing one of the men she loves, her ambivalence has escalated. Also, the fact of the matter is, the woman always want perfect relationships â€Å"She couldn’t tolerate an authentic (and therefore imperfect) relationship with an actual man but wanted a perfect bond without frustration, conflict or disappointment† (Burgo). Ambivalence is a result of Human’s desire for a plethora of things. The choice one must make when faced with two options creates in them a state of tension. People do not want to have to choose— they want all the choices or none of the choice. However, they realize that a choice must be made. When subject to a choice that might negatively impact he/she, a sense of fear is apparent. The person becomes afraid of losing the option once making his or her decision as most decisions are permanent. Also, one might become fearful of losing someone who does not approve of the choice the person has made.

What I am Passionate About

Usain Bolt has won six Olympic gold medals. What do they all have in common? It is not that they won numerous gold medals. It Is they are all passionate about what they do, Since I started preschool at age four, my time outside of school have been piled up with never ending activities, first there was ballet, then came ice skating, art class, then swimming, chess, thenPlano, speed reading, and flute. Whenever I quit doing one thing, I picked up something new. As the years go by, most of these activities are only memories, but one thing has rooted inside of me. After a day of academic learning and demanding homework, I will quickly retreat into my safe haven, drawing. I love drawing. I think I am better at it than spelling. Maybe that is the reason I am better at math and science than reading and writing in school. To me, math and science is another way of drawing using dfferent media.I believe when writers want to write, their minds will be filled with words and sentences, but when I want to express myself, my mind will be filled with images and graphics. School, homework, and keeping up good grades can be pretty stressful, When I draw, I feel I am In a world where there are endless sunshine, a warm breeze, soft rolling green hills, fragrant flowers, morning dew on the bright green grass, chirping birds†¦ sometimes there are lines, geometric shapes, and dots which all Intertwine In the endless void.As long as I can Imagine, I can draw, I feel happy. People often think artists are only appreciated when they are dead. I believe that is a narrow way to appreciate art. Art is the major part of our life. Everything we live by pretty much started out with an Idea throwing on a piece of paper in the form of sketch or drawing. How would Thomas Edison plan out his idea for the light bulb? Drawing has become a major part of me; it has become my anchor and my passion and I am pretty darn good at It.

The Civil War Siege of Vicksburg

The Civil War Siege of Vicksburg The siege of Vicksburg on July 4, 1863, was a significant battle of the United States Civil War, and the culmination of one of the most brilliant military campaigns of the war. Vicksburg was a fortress with a massive artillery located on a sharp bend in the Mississippi River. Known as the Gibraltar of the Confederacy, Vicksburg controlled movement and trade along the Mississippi and linked Texas and Louisiana to the rest of the Confederacy. It was the second largest city in Mississippi after Natchez, with an economy based on cotton and riverboat trade and transportation. The 1860 census reports that Vicksburg had a population of 4,591 people, including 3,158 whites, 31 free blacks, and 1,402 slaves. Failed Attempts, and a Plan The north early recognized Vicksburg as a pivotal point, and the first northern siege of the city was attempted in summer 1862 by Admiral David Farragut. General ​Ulysses S. Grant tried again in the winter of 1862-1863, and after two more unsuccessful assaults in May of 1863, Grant began to plan a long-term strategy. To take the fort, there needed to be weeks of bombardment and isolation of Vicksburg from its sources of food, ammunition, and soldiers. Federal forces held the Mississippi River, and as long as the Union forces held their position, the encircled Confederates led by Major Maurice Kavanaugh Simons and the Second Texas Infantry faced decreasing resources. Assembled Union forces began making their way south to Vicksburg during the summer of 1863, masked by occasional forays by gunboats shelling random targets and cavalry raids. By June many of Vicksburgs residents hid in underground caves, and all the people and soldiers were on short rations. The Vicksburg press reported that there would soon be forces coming to their rescue, but General John C. Pemberton who was in charge of Vicksburgs defense knew better and began to scale down expectations. Progress, and a Literary Reference Intermittent shelling from the river increased and intensified during the first week of July, and Vicksburg fell on the fourth. Troops marched in and the stronghold with 30,000 men was ceded to the Union. The battle had 19,233 casualties of which 10,142 were Union soldiers, but the control of Vicksburg meant that the Union commanded traffic on the Mississippi Rivers southern reaches. With the loss of Pemberton’s army and this vital stronghold on the Mississippi, the Confederacy was effectively split in half. Grants successes in the West boosted his reputation, leading ultimately to his appointment as General-in-Chief of the Union armies. Mark Twain and Vicksburg Twenty years later, American satirist Mark Twain used the siege of Vicksburg to craft his Battle of the Sand-Belt in A Connecticut Yankee in King Arthurs Court. According to Mark Twain aficionado and science fiction writer Scott Dalrymple, Grant is represented in the novel by its hero, Boss Hank Morgan. Like reports of the Siege of Vicksburg, the Battle of the Sand-Belt is, says Dalrymple, a relentlessly realistic portrayal of war, a clash between a chivalric, slave-owning, agrarian society and a modern, technologically advanced republic led by a general-president. Sources Braudaway DL. 2001. A Texan Records the Civil War Siege of Vicksburg, Mississippi: The Journal of Maj. Maurice Kavanaugh Simons, 1863. The Southwestern Historical Quarterly 105(1):92-131.Dalrymple S. 1996. Just War, Pure and Simple: A Connecticut Yankee in King Arthurs Court and the American Civil War. American Literary Realism, 1870-1910 29(1):1-11.Henry G, and Simms LM. 1967. A Louisiana Engineer at the Siege of Vicksburg: Letters of Henry Ginder. Louisiana History: The Journal of the Louisiana Historical Association 8(4):371-378.Osborn GC. 1955. A Tennessean at the Siege of Vicksburg: The Diary of Samuel Alexander Ramsey Swan, May-July, 1863. Tennessee Historical Quarterly 14(4):353-372.

Free Essays on Bailamos

Bailamos Vibrant self-expression, disciplined training, and execution of intense choreography is all part of the art of Latin Dance. Dancing allows individuals to express themselves through free movement of their bodies. Latin Dance is a unique form that allows for this movement in an emotional and sultry way. The movie Dance With Me shows the competitive nature of this style of dance and why it is should be considered a sport. The movie can also be used to argue that the compelling sport of Latin Dance should be included in the Olympics. Should dancers be considered athletes? The answer is yes. Dancers have the same work ethic as athletes. They condition their bodies as instruments that have to be kept in the best of shape. Latin Dance can involve fast and intense choreography, which demands a lot of stamina. Dancing can be one of the most fun forms of exercise but when in competition the training can be strenuous. At the competition level, dancers also have to possess talent and take the time to refine their skills. So if dancers are athletes, and athletes compete in sports, is dance a sport? The answer once again is yes. For example, basketball players are required to memorize plays and then perform on the court. Dancers are required to memorize choreography and then perform on the stage. Dance With Me shows the time, preparation, and dedication for just one competition. The grueling rehearsals and anticipation go on for months before a competition. It is unfortunate that the only place for professional Latin style dancers to display their talent is at competitions. These skillful athletes should have a broader platform to perform at such as the Olympics. When thinking of Olympic events like fencing, gymnastics, and figure skating, it is a wonder why dance has not been involved in the events earlier. According to the Olympic Charter, â€Å"the goal of the Olympic movement is to contribute to building a peacef... Free Essays on Bailamos Free Essays on Bailamos Bailamos Vibrant self-expression, disciplined training, and execution of intense choreography is all part of the art of Latin Dance. Dancing allows individuals to express themselves through free movement of their bodies. Latin Dance is a unique form that allows for this movement in an emotional and sultry way. The movie Dance With Me shows the competitive nature of this style of dance and why it is should be considered a sport. The movie can also be used to argue that the compelling sport of Latin Dance should be included in the Olympics. Should dancers be considered athletes? The answer is yes. Dancers have the same work ethic as athletes. They condition their bodies as instruments that have to be kept in the best of shape. Latin Dance can involve fast and intense choreography, which demands a lot of stamina. Dancing can be one of the most fun forms of exercise but when in competition the training can be strenuous. At the competition level, dancers also have to possess talent and take the time to refine their skills. So if dancers are athletes, and athletes compete in sports, is dance a sport? The answer once again is yes. For example, basketball players are required to memorize plays and then perform on the court. Dancers are required to memorize choreography and then perform on the stage. Dance With Me shows the time, preparation, and dedication for just one competition. The grueling rehearsals and anticipation go on for months before a competition. It is unfortunate that the only place for professional Latin style dancers to display their talent is at competitions. These skillful athletes should have a broader platform to perform at such as the Olympics. When thinking of Olympic events like fencing, gymnastics, and figure skating, it is a wonder why dance has not been involved in the events earlier. According to the Olympic Charter, â€Å"the goal of the Olympic movement is to contribute to building a peacef...

Caregiver vs. Caretaker

Caregiver vs. Caretaker Caregiver vs. Caretaker Caregiver vs. Caretaker By Maeve Maddox A reader wonders about the difference in meaning between caretaker and caregiver: It seems to me that they should have opposite meanings. Is there a difference in usage? Although â€Å"to give† and â€Å"to take† describe opposite actions, caretakers and caregivers both mean â€Å"people who provide care and attention.† Caretaker has been in the language since the mid-1800s. Its earliest meaning was â€Å"one who takes care of a thing, place, or person; one put in charge of anything.† Here are two early examples of the usage given in the OED: The souters wife..was servant to Gilbert Brown..and..acted as nurse and care-taker to Agnes his daughter. (1858) The caretaker of the house met them, hat in hand. (1859) Caregiver is a newcomer that entered American English in the 1960s and migrated to British English in the 1970s. It means â€Å"a person, typically either a professional or close relative, who looks after a disabled or elderly person.† Caregiver can also refer to a parent, foster-parent, or social services professional who provides care for an infant or child. According to estimates from the National Alliance for Caregiving, during the past year, 65.7 million Americans (or 29 % of the U.S. adult population involving 31 percent of all U.S. households) served as family caregivers for an ill or disabled relative. In modern usage, caretaker is sometimes used with the same sense as caregiver, but it’s more commonly used with these two main meanings: 1. noun: a person who looks after property: Alan John, caretaker at Buckholme Towers School in Lower Parkstone for 17 years, died in June this year at Forest Holme Hospice. St. Louis looks to overhaul Soldiers Memorial, find new caretaker 2. adjective (or attributive noun): designating a government, administration, etc., in office temporarily: CAS Coovadia, the MD of the Banking Association of South Africa, has been appointed as the caretaker CEO of Business Unity South Africa (Busa) while the business organisation looks for a new CEO. Bulgarian president names new caretaker government A group of people being looked after by a caregiver is called a â€Å"care group.† An individual being looked after by a caregiver may be called anything from â€Å"Mr. Jones† to â€Å"Momma.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:85 Synonyms for â€Å"Help†Using the Active Voice to Strengthen Your Writing9 Forms of the Past Tense

Costruction Contracts Essay Example | Topics and Well Written Essays - 2250 words

Costruction Contracts - Essay Example It is observed that the building projects are seldom completes on the given time due to one reason or the other. Reasons of the delay might be a) delay on the part of contractor b) suspension of work c) non payment to contractor in time and the d) circumstances beyond the control of stakeholders. The contractor as per the agreement, bound to complete the task within the given timeframe. If work is not done within the allocated time, the contractor is obliged to compensate the losses suffered by the employer. In the scenario No.1 where an old cellar was discovered by the Cash ( the contractor) on site which was not identified by Woolley Wilson Developments (WWD)( the employer ) hence, caused extra time and expenses to the contractor, which should be born by the employer. In the scenario No. 2 the contractor had to call in British Gas Company to reposition the main gas pipeline which took near about sixteen days to get the job done, caused a delay of 16 days in the accomplishment of pr oject, therefore, bound to pay compensation to the above said employer. The competent court of law or the arbitrator as the case may be, shall determine the compensatory amount payable to the affected stakeholder keeping in mind the actual losses. Further, the competent jurisdiction or the arbitrator empowers either to increase or to decrease the compensatory amount provided substantial violations of the contract were found. According to UK law, unliquidated damages are determined by the competent court of law provided the loss is proved by the petitioner. Only then claimant shall be entitled for compensation. In the case of Surrey CC v Bredero Homes (1993)2, it was held by the court that damages were not merely awarded on failure of compliance but to the loss suffered. Contrary to that, in the case of Chaplin v Hicks (1911)3, the court of law awarded compensation to the claimant. It transpired from the said judgments that the court even considers those claims where monetary losses are not occurred. In accordance with law, damages are analyzed in order to place the claimant in the same position where they were, if they performed as per the agreed terms. Now the question is how to quantify the damages occurred for the expected losses. Here we found two options to handle the issue a) reason of non performance and b) remedial measures to mitigate the losses. We may refer the cases of Radford v De Froberville (1977)4 and Tito v Waddell (no 2) (1977)5. In referred cases, the court had the diversion views as far as compensation for the damages are concerned. In other words, court of law while deciding the cases of compensation assessed the damages first. Under English law, damages are categorized in two ways a) liquidated damages and b) unqualified damages. As per civil code of conduct, liquidated damages are taken as penalty. In the mentioned situation, liquidated damages clause, if inserted in the contract, is applicable. Breach of a contract attracts compensation under liquidated damages. Provided a) either uncertain or difficult to quantify b) amount of compensation based on actual losses c) adequate remedy e) planted damages. If aforesaid criterions are not fulfilled, liquidated damages clause in the contract has no potential value. Penalty has nothing to do with the

PDP (personal development plan) Assignment Example | Topics and Well Written Essays - 1500 words

PDP (personal development plan) - Assignment Example I have always been a very independent person who prefers to work autonomously in nearly all aspects of academics and professional life. However, with the advent of internal business auditing and external auditing consultants that continuously monitor business function and adherence to accepted accounting standards, I realised that team-working was a very strong deficiency at the personal level. Auditing systems designed to measure compliance require collaboration between accounting professionals, management and a variety of external servicepersons which prevents autonomous working. Diagnostically, I discovered through secondary research literature that many companies do not rotate their auditing teams, which builds familiarity with business professionals throughout the organisation and familiarises auditing servicepersons sustaining years of tenure with business operations, accounting procedures relevant for the business, and social relationship development.1 This will require freque nt interaction, communication and collaboration with a variety of business professionals that will expect contribution to discussion and mutual respect. This tends to conflict with my traditional need to work in segregation from others in the organisation. Developing my cooperative abilities, therefore, was established as my SMART goal since it is going to be a realistic part of the accounting environment when entering the workplace. I determined that the most appropriate goal was to ensure that I gained experience working with others by purposely engaging myself with team activities both in-school and in terms of extracurricular activities. I decided that I would begin attending study sessions and attempt working collaboratively with individuals at the Student Union in order to prepare myself for partnered study and building a sense of inter-dependency with diverse individuals maintaining unique viewpoints. This was the most practical and viable methodology of learning teamwork,

Analysis the UK Government's Strategy towards Work Training and Skills Essay

Analysis the UK Government's Strategy towards Work Training and Skills in the Light of the Current Economic Downturn - Essay Example This has been observed to contribute towards economic growth. This presentation attempts to look at and analyze the United Kingdom Government’s strategy towards work training and skills in the light of the current economic downturn. This entails the basic needs as aligned to work training and skills as have been focused on by the UK government as a requirement in trade, professions and general occupation (UKCES 2011: 34). It has been observed that the labour market recognizes the need to promote training beyond an individual’s novel qualifications. This work looks into such issues as well since there is a need for the nation to upgrade, maintain and update work skills in every aspect of employment so as to enhance working life in line with improving economic growth for the entire nation. The UK Government’s Strategy towards Work Training and Skills The United Kingdom’s government has in the past made strong moves and attempts to handle the potential failur es in skills trainings. It has been in the forefront with a focus aimed at improving the employees, skills and knowledge and at the same time has them undergo some relevant learning. This has been considered essential following â€Å"the government’s need to achieve sustainable growth in economy since it is importance to address it other than the country’s trends in skills trainings which have remained steady† (UKCES 2009: 34). This approach by the UK’s government is a reflection of its efforts and determinations to ensure the issues on the same are addressed effectively. However, Keith (2011: 32) notes that the government has not been able to source enough funds to help contain the problem though it has got plans put up to acquire and employ relevant resources. This will help enlarge programmes for apprenticeship especially for adults while also giving out support to people who are involved in trainings especially vocational trainings. In order to realiz e its goals for the strategy on the basis of works training and skills, the government has formulated reforms that incorporate expansions for adult apprenticeships in order that between the years 2014 and 2015 the country may boast of having 75,000 more grounds for skills trainings other than the labour plans by the government. According to UKCES 92011:46), â€Å"this will include loans from the government which will be given to 24 year old learners during the period between the years 2013 and 2014 as well as launch a growth innovation funding programmes which is deemed to have the potential of being a total of up to ?50m†. In regard to these, the government also plans to publish its skills book so as to assist both individuals and businesses to gain the relevant skills that are important in having the country achieve an increased economic strength alongside building growth that is sustainable in as far as long-term considerations on work trainings and skills are concerned. I n spite of the fact that the United Kingdom’s government has reduced the budget for further education and the expected skills, there has not been any continuation for the programmes in the protection and

The irrepressible conflict chapter 7 in the imperiled union, by Essay

The irrepressible conflict chapter 7 in the imperiled union, by kenneth stampp(pages 191 to 245) - Essay Example In the social science, historical theories and concepts are criticized by current scholars in search of new knowledge. If new evidence is discovered, scholars critically analyze it in consideration to the past evidence provided. The reason for revisionism is history relies on past distant events, and very little evidence is used in postulating of theories, therefore, when more evidence is found, it call for revision of the earlier theories or critic their explanation to the past event. This essay focuses on the civil war and the views of the revisionist via a Vis Stampp disapproval of them. How and why do revisionists argue that the civil war was a needless or repressible war? The proponent of revisionism argued that the case for a civil was a moral judgment of whether slavery was right or wrong. In addition, the agitators for antislavery had questionable attitudes towards the issues of slavery as political issues. As Steven Douglas argued, slavery was an issue of the southern people , and it did not affect people in the north. Therefore, the issues of slavery were better left to the white in the south to deal with and not engage in an unnecessary war. Moreover, revisionist says that the moral indifference of slavery was not a big issue to fight over it. Men and women are created sane and would solve their differences in a sane manner and avoid unnecessary bloodshed. According to Ulrich Philips, the black people had no problem being slaves because, in their nature, they were submissive, amiable, and light-hearted, imitative, ingratiating, and they were not progressive by the fact that they were Negroes. Philips also argues that the case for the plantation system among the slave was nothing ethical but nostalgia. Therefore, slavery was not a cause for the alarm, to instigate civil war because it had nothing to excite (Stampp 191-245). Another revisionist, Frank L, Owsley says that slavery was a moral issue and was not economic determinism of civilization in the s outh. He says that the issue of slavery has been dragged in the wrong case of the causes of a civil war. Furthermore, Randall believed that the black slave in the south had adapted to bondage without much resistance, and performing their tasks cheerfully. Randall also argues that, the southern slaves were abused, and this amounted to mistreatment, but it was a lenient way of treating slave by their slave owners. Randall says that, in reality the slave’s owners were more enslaved than the black by the set out institutions (Stampp 191-245). Craven brought his assertion that the different between the West and East were much greater than that of the North and South. Craven argues that abolition of slavery hindered the understanding of the effect of slavery to the modern employee –employer relationship. According to Craven, the life American worker today is much like that of the slave. Craven note that, even during the debate of the relevancy of slavery in the south, the pa tient blacks continued with their tasks unconsciously never minding the merits of the system he was working. David Potter in his analysis of revisionism says that, the facts that slave were left to live and even to grow and expand in a new world, was better off than engaging in a war. David concedes that emancipation of four million slaves was of great value, but he says it came at a greater cost. According to David, for every

Practical Decision Making Essay Example | Topics and Well Written Essays - 1000 words

Practical Decision Making - Essay Example In HTAB there are three kinds of Hypothesis - Research Hypothesis, Statistical Hypothesis and Substantive Hypothesis. Research Hypothesis is a statement of what the researcher believes will be the outcome of an experiment or a study. Statistical Hypothesis is a more formal structure derived from the research hypothesis. Substantive Hypothesis is a statistically significant difference which does not imply a material substantive difference. (Business Statistics 4e by Ken Black). A preconceived conclusion is an inevitable outcome of Research Hypothesis. The researcher tends to become biased. For example, older workers are more loyal to a company. That may true in most cases. But it is still a hypothesis. There maybe some old workers who resent company policy to the extent that they have been nursing grievances or have not been allowing new employees to prove their potential in the company. Statistical hypothesis is to some extent also preconceived . Although it has a more formal structure it is essentially based on the preconceived notion of the Research Hypothesis. Substantive Hypothesis is the significant difference which does not always encompass material or quantitative difference. There are two parts of Statistical hypothesis - a null hypothesis ... There maybe some old workers who resent company policy to the extent that they have been nursing grievances or have not been allowing new employees to prove their potential in the company. Statistical hypothesis is to some extent also preconceived . Although it has a more formal structure it is essentially based on the preconceived notion of the Research Hypothesis. Substantive Hypothesis is the significant difference which does not always encompass material or quantitative difference. There are two parts of Statistical hypothesis - a null hypothesis and an alternative hypothesis. According to Null Hypothesis one might be tempted to conclude that nothing new is happening. However, according to the Alternative Hypothesis one would emphatically conclude something new is happening. The Null and Alternative Hypotheses are mutually exclusive. Only one of them can be true. They are also collectively exhaustive. They are stated to include all possibilities. While Null Hypothesis is assumed to be true, the onus of proof falls on the Alternative Hypothesis. Failing to reject a false null hypothesis and rejecting a true null hypothesis are the two types of errors which occur in HTAB system. Once the Hypothesis is made it is tested. Based on the test result statistical action is taken. Then the Business Implications are determined. The first step in Testing Hypotheses is to establish the hypothesis and state the null and alternative hypotheses. Then the appropriate statistical test and sampling distribution is determined. After specifying Type I error rate the decision rule is stated. Sample Data is gathered and the value of the test statistic is calculated. Once the statistical conclusion is stated and the business implications are determined a managerial

The irrepressible conflict chapter 7 in the imperiled union, by Essay

The irrepressible conflict chapter 7 in the imperiled union, by kenneth stampp(pages 191 to 245) - Essay Example In the social science, historical theories and concepts are criticized by current scholars in search of new knowledge. If new evidence is discovered, scholars critically analyze it in consideration to the past evidence provided. The reason for revisionism is history relies on past distant events, and very little evidence is used in postulating of theories, therefore, when more evidence is found, it call for revision of the earlier theories or critic their explanation to the past event. This essay focuses on the civil war and the views of the revisionist via a Vis Stampp disapproval of them. How and why do revisionists argue that the civil war was a needless or repressible war? The proponent of revisionism argued that the case for a civil was a moral judgment of whether slavery was right or wrong. In addition, the agitators for antislavery had questionable attitudes towards the issues of slavery as political issues. As Steven Douglas argued, slavery was an issue of the southern people , and it did not affect people in the north. Therefore, the issues of slavery were better left to the white in the south to deal with and not engage in an unnecessary war. Moreover, revisionist says that the moral indifference of slavery was not a big issue to fight over it. Men and women are created sane and would solve their differences in a sane manner and avoid unnecessary bloodshed. According to Ulrich Philips, the black people had no problem being slaves because, in their nature, they were submissive, amiable, and light-hearted, imitative, ingratiating, and they were not progressive by the fact that they were Negroes. Philips also argues that the case for the plantation system among the slave was nothing ethical but nostalgia. Therefore, slavery was not a cause for the alarm, to instigate civil war because it had nothing to excite (Stampp 191-245). Another revisionist, Frank L, Owsley says that slavery was a moral issue and was not economic determinism of civilization in the s outh. He says that the issue of slavery has been dragged in the wrong case of the causes of a civil war. Furthermore, Randall believed that the black slave in the south had adapted to bondage without much resistance, and performing their tasks cheerfully. Randall also argues that, the southern slaves were abused, and this amounted to mistreatment, but it was a lenient way of treating slave by their slave owners. Randall says that, in reality the slave’s owners were more enslaved than the black by the set out institutions (Stampp 191-245). Craven brought his assertion that the different between the West and East were much greater than that of the North and South. Craven argues that abolition of slavery hindered the understanding of the effect of slavery to the modern employee –employer relationship. According to Craven, the life American worker today is much like that of the slave. Craven note that, even during the debate of the relevancy of slavery in the south, the pa tient blacks continued with their tasks unconsciously never minding the merits of the system he was working. David Potter in his analysis of revisionism says that, the facts that slave were left to live and even to grow and expand in a new world, was better off than engaging in a war. David concedes that emancipation of four million slaves was of great value, but he says it came at a greater cost. According to David, for every

Theories of Late Capitalism in the World System Essay

Theories of Late Capitalism in the World System - Essay Example The global market was significantly expanding in the late 1960s and early 1970s, resulting to rivalry on both the US labor and capital. Moreover, the post-war long cycles of expansion saw the US manufacturers investing enormously in fixed capital and capacity building such that by late 1960s, profits margins for these investors were beginning to decline due to the significantly high capital-labor ratio of operations. Rephrasing this, the huge amounts of â€Å"sunk costs† especially in the form of plant, equipment, or fixed capital, had enormous eroding impacts on their profit rates. These changes in the realignment of the global market and the actual production conditions led to the abandonment of Keynesian economics, contrary to what Keynesian and liberal partisan claims. Actually, it was globalization of capital and then labor, making the New Deal-type and Keynesian economic policies loose their favor to capitalist profitability, paving way for Neoliberal and Ronald Reagan a usterity economics (Wallerstein 132). This is according to the theory of capitalist crisis, globalization, and theory of falling profit rates emphasized by Harvey and Frieden. The integral dynamics of capitalism lies at the center of the theory of falling profit rates. ... Part 2 With the falling profit rates, political leaders sought to make some amendments to capital accumulation laws and regulation with an objective of increasing or maintaining rates of profits. These changes came in as state policies seeking to regulate capitalism, essentially raising the living standards of the working class and their working conditions and increase capitalist profits (Harvey 168). Consequently, capitalist states introduced social welfare cuts, geographic expansion of capitalist production, and a series of mergers, acquisitions, and bankruptcy. These policies brought together led to the revival of profitability, particularly in the US beginning early 1980s. Lean production generalization through service and industry significantly increased the rate of exploitation (labor productivity). The series of mergers, bankruptcies, and acquisitions was the primary source of the financial sector growth, leading to desertion of old and inefficient operations. Political leader s also enacted regulations to reduce production capacity in some industries such as steel production, leading to a shift of investment to other fields of production (diversification of steel production into oil exploration). The boundaries of the world economy expanded due to the construction of global production chains, enabling labor-intensive operations shift to low-wage regions in the global south (Postone, 15). The economic policies of neoliberal capitalist states encouraged capital restructuring. The deregulation of labor and capital markets, together fiscal policies that focused on disinflation, enabled capitalist firms to respond to rising profits with more equipment and plant investment (majorly inventory systems

Local Law Enforcement Essay Example for Free

Local Law Enforcement Essay Stages/Steps in the Hiring Process: First step is the applicant processing division to identify the most qualified applicants. Second step is the Pre-hire interview, next is a medical exam and then take a written psychological test. Next one will take a job standard test and an oral psychological interview. Last but not least a character investigation and any other additional requirements under exceptional circumstances. Specific Requirements: Applicants must be at least 17 ½ years of age by the last day of filing of the exam they are applying for. . Those applicants who are 35 and over and have active United States military service may deduct up to six years from the age requirement. If by mail: Applications must be submitted/postmarked by the filing deadline of the exam they are applying for. Candidates must be at least 21 years of age on or before the day of hire. Candidates must be a United States citizen on or before the day of hire. On or before the day of hire, candidates must have successfully completed either: Sixty (60) college credits with a 2.0 G.P.A. from an accredited college or university, or Two (2) years of full-time, active military service in the United States Armed Forces with an honorable discharge and have a high schools diploma or its equivalent. Candidates must reside either within one of the five boroughs of New York City or one of the surrounding counties of New York City; Suffolk, Westchester, Orange, Rockland, Nassau or Putnam Counties on the day of hire. Candidates must possess a valid, unrestricted New York State Driver’s License on the day of hire. Candidates must pay a $75.00 fee for fingerprinting as part of the investigation process. Candidates must pass a drug/alcohol screening. Candidates must pass a character and background investigation. Pay Scales: Police Academy 44,744; after 6 months 46,288; after 1.5 years 48,173; after 2.5 years 53, 819; after 3.5 years 58,786; after 4.5 years 62,455; after 5.0 years 69,005; after 5.5 years 90, 829. †¢Candidates must compete in the required written examination and pass additional screening procedures. †¢Candidates must be legal residents of Nassau County, Suffolk County, Westchester County or one of the five boroughs of New York City at time of appointment and maintain residency. †¢Candidates must be at least 17 but less than 35 years of age on the date of the written exam; provided, however, that time spent on military duty or on terminal leave, not exceeding a total of 6 years, shall be subtracted from the age of any applicant who has passed their 35th birthday, as provided in subdivision 10-a of Section 243 of the New York State Military Law. †¢Candidates must be citizens of the United States at time of appointment. †¢Candidates will be required to submit to a background investigation prior to appointment. †¢Candidates must possess a valid New York State driver’s license at time of appointment. †¢Appointments are determined on an individual basis by the Nassau County Civil Service Commission, however, anyone with a felony conviction may be excluded from being a Nassau County Police Officer. †¢No college education is required to take the written examination; however, 32 credits of college education are required for appointment. Those candidates who have not attained that level of education but are otherwise eligible for appointment will remain on the eligible list and will become eligible for appointment after they have obtained the necessary college credits. Pay Scales: Get paid while you train in the Police Academy;$34,000 starting salary;$107,319 after 9 years;12% shift differential; Education incentive pay Title of Agency (3): City of New York Department of Correction Web Address: http://www.nyc.gov/html/doc/html/home/home.shtml Stages/Steps in the Hiring Process: The primary responsibility of the Applicant Investigation Unit is to ensure the New York City Department of Correction hires the most qualified candidate to join the uniform members of service. The candidates are investigated, evaluated medically, inclusive of an agility test, and physically to determine their fitness for duty in all aforementioned areas. The New York City Department of Correction investigates thousands of candidates; however, only the most qualified for the position are selected.

Peak Expiratory Flow Rate (PEFR) in Lung Diseases

Peak Expiratory Flow Rate (PEFR) in Lung Diseases PEFR value means peak expiratory flow rate that is a persons maximum speed of expiration. It can be measured by peak flow meter which is a simple device. People can use it monitoring their lung function in respiratory diseases. As a lung function test, it can be differentiated obstructive airway diseases such as asthma, COPD(chronic obstructive pulmonary diseases) from restrictive lung diseases. PEFR is mostly used to diagnosis asthma. Normal PEFR value depends on several factors like age, sex, height, weight, etc. So the PEFR value varies with normal individuals and a Nomo gram is utilized as a scale. In obstructive airways diseases, normal value of PEFR is reduced corresponding to above factors. As above factors, though PEFR value has some advantages, to diagnose obstructive airway diseases it cant differentiate asthma from COPD. Lung function tests, What is PEFR and how can we measure it, Importance in PEFR value in lung diseases have been included in this analytical essay. Lung Function Test Measurements of respiratory function may provide valuable information. First, in conjunction with the clinical assessment and other investigations they may help establish a diagnosis (1). Second, they will help indicate the severity of the condition. Third, serial measurements over time will show changes indicating disease progression or, alternatively, a favorable response to treatment. Finally, regular monitoring of lung function in chronic diseases such as idiopathic pulmonary fibrosis, cystic fibrosis or obstructive airways disease may warn of deterioration (1). Simple respiratory function tests fall into three main groups: Measuring the size of the lungs Measuring how easily air flows into and out of the airways Measuring how efficient the lungs are in the process of gas exchange (1). Pulmonary function can be measured by having a subject breathe into a device called a spirometer which recapture the expired breath and records such variables as the rate and depth of breathing, speed of expiration, and rate of oxygen consumption (2). The spirometer measures the FEV1 and the forced vital capacity (FVC). Both the FEV1 and FVC are related to height, age and sex. The technique involves a maximum inspiration followed by a forced expiration (for as long as possible) into the spirometer (3). The act of expiration triggers the moving record chart, which measures volume against time. Patients with severe airflow limitation may have a very prolonged forced expiratory time (3). At home asthma patient and others can monitor their respiratory function by blowing into a handled meter, measures peak expiratory flow rate (PEFR), the maximum speed at which they can exhale (2). Peak Expiratory Flow Rate [PEFR] Peak expiratory flow rate is the maximal rate of air flow which is a subject can achieve by a forced expiration. The peak flow, which is sustained for only a fraction of a second, occurs in the earliest part of expiration(4). The simplicity of the method is its main advantage. Normal person it is 400 Liter per minute(5). PEFR is measured by the subject inhaling to total lung capacity and exhaling into a peak flow meter with maximal effort PEFR measured using peak flow meter(6). PEFR depends on some factors the sex, age, weight, height, body-size, and muscular forces of the individual subject(4). The normal value for a given person can be determined referring to a Nomo gram. In general, the taller or younger the individual, the higher is his PEFR Normal males have a higher PEFR than normal females of the same age and height. In normal males the range of PEFR lies between 450 and 700 liters per minute (L/min.). Normal females have a lower range between 300 and 500 L/min(4). It is lower in children than in adults. It is highest in early adult life, and decreases in old age. It is higher in tall people than in short people(7). PEFR may be unrecordable on the standard Wright peak flow meter which cannot measure PEFR if it is less than 60 L/min(4). Recently a low-range, peak flow meter has been introduced which will measure much lower values of PEFR This would be appropriate for use in children(4). Peak flow meter There are two different types of peak flow meters which are Wrights peak flow meter and mini peak flow meter(4): which is an inexpensive, light and portable instrument(1,4): that can be handled easily and use to get bedside measurement. This device used to monitor a persons ability to breathe out air. This device is simpler and cheaper than spirometer. The first peak flow meter was designed by Wright and was fully described by Wright and McKerrow (1959). Recently another type of peak flow meter was presented. This device, named the Hildebrandt pneumometer, operates on an completely different principle from the Wright meter(4). A report on the Hildebrandt pneumometer and its use in general practice is published elsewhere. In the present study all PEFR measurements were made with a Wright meter. This operates on mechanical principles(4). The subject expires forcibly into the meter which causes a vane inside it to move against a spring resistance. The vane comes to rest at a position which depends upon the PEFR(4). attained. A pointer attached to the vane indicates PEFR on a dial which is calibrated in liters per minute. No calculations have to be made(4). Method of taking PEFR measurements This is an extremely simple and cheap test(3). Peak flow meter should be held horizontally and the dial must be in a vertical plane(4). Standing is the best position for taking measurements(7). It is measured using a standard Wright Peak Flow Meter or mini Wright Meter. The needle must always be reset to zero before PEF is measured. Care must be taken that the lips must be placed tightly around the mouthpiece and it is also important that he holds the meter correctly(4). The highest of three readings is used as the recorded value of the Peak expiratory flow rate(3). It may be tracks on graph paper chart with a record of symptoms or using peak flow mapping software. This allows patients to self-monitor and This allows patients to self-monitor and pass information back to their doctor or nurse. It is highly important that the subject not only understands what he is required to do but makes a maximal effort(4). If a subject has not previously performed the test careful explanation and i nstruction must be given followed by a demonstration blow by the doctor(4). Once the subject has gained confidence after one or two trial blows, Subjects are asked to take a full inspiration to total lung capacity and then blow out forcefully into the peak flow meter(4). Failure to observe that all these conditions are satisfied will result in serious errors. Different brands and models of peak flow meters often yield different values when used by the same person. Hence patients should always use the same model in the home or the doctors clinic(7). At hospital, PEFR is measured using a low-reading peak flow meter, as an ordinary meter measures only from 60 L/min upwards(3). Lung Diseases PEFR Respiratory disease Lung diseases are something. Disease or disorder that occurs in the lungs or what is causing the light that does not work correctly (8). Lung diseases are the three main types, namely: Obstructive airway disease: these diseases affect the Airways that carry oxygen and other gases to and from the lungs. These diseases cause the usually declining or blocking the airway. Including asthma, emphysema and chronic bronchitis (8). People who have respiratory diseases sometimes describe the feeling that you try to blow air through a chaff. Restrictive lung diseases: they are also called the lung tissue diseases. These diseases affect the configuration of lung tissue (8). Scarring or tissue inflammation makes the lungs cannot expand fully. This makes it difficult for the lungs breathe in oxygen and carbon dioxide out. Pulmonary fibrosis and sarcoidosis are examples of the lung tissue. People sometimes describe the feeling is very tight sweater or bestow it will not be able to take a deep breath (8). Lung circulation diseases: these diseases affect blood vessels in the lungs. Tread depth caused by coagulation or inflammation of the blood vessels (8). They affect the lungs of oxygen and carbon dioxide out. These diseases may also affect heart function. Many lung diseases involve a combatiinon of these three types. Asthma, Atelectasis, Bronchitis, COPD(chronic obstructive pulmonary disease), Emphysema, Lung cancer, Pneumonia, Pulmonary edema (2,4,8). Importance of PEFR in Lung diseases Determination of Peak expiratory flow rate is useful for assessing the respiratory diseases especially to differentiate the obstructive and restrictive respiratory diseases (5). Peak expiratory flow rate (PEFR) measurements on waking, prior to taking a bronchodilator and before bed after a bronchodilator, are particularly useful in demonstrating the variable airflow limitation that characterizes the disease (3). The diurnal variation in PEFR is a good measure of asthma activity and is of help in the longer-term assessment of the patients disease and its response to treatment. To assess possible occupational asthma, peak flows need to be measured for at least 2 weeks at work and 2 weeks off work (3). Generally PEFR in reduced in all type of respiratory diseases. However the reduction is more significant in the obstructive diseases such as asthma, emphysema, COPD (chronic obstructive pulmonary diseases) and chronic bronchitis than in the restrictive diseases (5). Sometimes in severe re strictive lung disease, PEFR values reduced much more. So in that conditions peak flow meter cannot be used to differentiate between restrictive lung diseases from obstructive airway diseases. So PEFR measurement is useful in management obstructive airway diseases. PEFR value is more important in asthma than other respiratory diseases. Importance of PEFR in Asthma Asthma is characterized by spastic contraction of the smooth muscle in the bronchioles, which partially obstructs the bronchioles and causes extremely difficult breathing (9). It occurs in 3 to 5 per cent of all people at some time in life. The usual cause of asthma is contractile hypersensitivity of the bronchioles in response to foreign substances in the air. In about 70 per cent of patients younger than age 30 years, the asthma is caused by allergic hypersensitivity, especially sensitivity to plant pollens (9). In older people, the cause is almost always hypersensitivity to nonallergenic types of irritants in the air, such as irritants in smog (9). Classically asthma has three characteristics: Airflow limitation which is usually reversible spontaneously or with treatment (3) Airway hyperresponsiveness to a wide range of stimuli (3) Inflammation of the bronchi with T lymphocytes, mast cells, eosinophils with associated plasma exudation, oedema, smooth muscle hypertrophy, matrix deposition, mucus plugging and epithelial damage (3). In chronic asthma, inflammation may be accompanied by irreversible airflow limitation as a result of airway wall remodeling that may involve large and small airways and mucus impaction (3). Asthma is usually diagnosed by the demonstration of airflow limitation. PEFR variability as one of the important diagnostic features of asthma (10). Serial measurements of PEFR in most patients with asthma show spontaneous variability. The most characteristic pattern is of a circadian variation, with airflow limitation most severe on waking in the morning (and during the night if awoken) with improvement occurring during the morning after waking. A small circadian variation in PEFR or FEV 1 is seen in normal individuals; in asthma a difference of 20 per cent or more between the highest and lowest values may be found (11). Other patterns of variation in severity of airflow limitation may be imposed on this circadian rhythm, such as falls in PEFR provoked by exercise or exposure to an allergen or occupational sensitizer, which resolve after avoidance of the stimulus. While variations of 20 per cent or more in FEV 1 or PEFR are commonly regarded as indicating asthma, in patients with se vere airflow limitation, with an FEV 1 of 1 liter, 20 per cent variability equates to 200 ml, a level of spontaneous variation observed in people without asthma (11). In asthma, the resistance to airflow becomes especially great during expiration, sometimes causing tremendous difficulty in breathing (2). Peak flow readings are divided in three zones of measurement, are green, yellow and red. Doctors and health experts can develop asthma controlling plan based on the green-yellow-red areas(12). Green Zone - 80 to 100 percent of the regular reading or normal peak flow is clearly a treatment in green zone peak flow indicates that is under good control(12). Yellow Zone 50 to 79 percent of the usual or normal peak flow readings Indicates caution. This can lead to respiratory system is restrictive. additional drugs may be required(12). Red Zone - 50% of the normal or usual peak flow readings indicate a medical emergency. serious airway narrowing may occurring and immediate action needs to be taken. This would usually involve contacting a doctor or hospital (12). The management of asthma relies on a patients ability to monitor their asthma regularly. PEFR Monitors changing in airflow limitation in asthma. People with asthma can use it to monitor themselves and alter their medication, as suggested by their doctor, at the first signs of any fall in peak flow measurement which indicates a descent in their condition. If the patient knows his best measurement of PEFR, drop in its value of up to 10 percent, indicates caution but no danger, as this much variation is not unexpected over a period of 24hours (7). A drop of 10 to 50 percent indicates that the patient is in danger of getting an attack. If the drop is more than 50 percent, the patients in an imminent danger of getting the attack. He must approach his physician who may examine him in the emergency department of the hospital (7). The correct knowledge of the PEFR predicts the condition of the patient and provides valuable time and opportunity to take all the necessary measures to prevent an attack of asthma (7). Self-monitoring includes assessing the frequency and severity of symptoms (such as wheezing and shortness of breath) and measurement of lung function with a peak flow meter. (4) When measuring PEFR in patients with asthma or bronchitis, it is important to instruct them first to clear their bronchial airways by coughing. The effect of so doing may be considerable (4). Patients should be instructed to record peak flow readings after rising in the morning and before retiring in the evening. A diurnal variation in PEF (the lowest values typically being recorded in the morning) of more than 20% is considered diagnostic and the magnitude of variability provides some indication of disease severity (13). People with asthma can use it to monitor themselves and alter their medication, as suggested by their doctor, at the first signs of any fall in peak flow measurement which indicates decline in their condition. There are some significance PEFR in asthma patient the decreased rates of expirati on of air as expressed in decreased PEFR in asthma patients, occur earlier than the production of the symptom of breathlessness or even the signs of wheeze and ronchi detected through the stethoscope. By the time, wheezing is detected through the stethoscope; the PEFR has already decreased by 20 percent or more (7). Poor perception of the severity of asthma, on the part of the patient and physician, has been cited as a major factor causing delay in treatment, and this may contribute to increased severity and mortality from asthma exacerbation (7). Patients also measured PEFR twice a day (morning and evening) by using a peak flow meter before self-administering asthma drugs and noted the PEFR value in their asthma diary. Acute severe asthma the term status asthmaticus was defined as asthma that had failed to resolve with therapy in 24 hours. In this condition, PEFR is Circadian rhythm in peak expiratory flow rate in a patient with asthma recovering from an acute attack (11) Brittle asthma(11) is characterized by widely varying peak flow rates uncontrolled by maximum inhaled treatment. Two patterns of brittle asthma have been distinguished: type I-persistent daily chaotic variability in peak flow (usually greater than 40 per cent diurnal variation in PEFR more than 50 per cent of the time); (11) type II-sporadic sudden falls in PEFR against a background of usually well-controlled asthma with normal or near normal lung function.(11) A drop of PEFR also indicates that the patient has been exposed to allergenic environments. He must try to localize the cause and prevent recurrence of the situation. PEFR reading also helps in monitoring the improvement in the patient after a particular mode of treatment (7). The following patients should keep a peak flow monitor at home and use it: (7) Patients who experience severe attacks with little warning. Patients who need to travel long distance to receive medical attention. Patients who require high-dose inhaled corticosteroids or daily oral corticosteroids. Patients with big ups and downs in peak flow, that is, greater than 20 percent of their best peak flow. Patients whose medical history appears to provide an unsatisfactory guide to treatment. There are two very important reasons for taking flow reading at home. First, asthma doesnt behave the same way 24 hours a day. It tends to get spontaneously worse at night and get better during the day (7). Without peak flow meter at home, the physician can only guess how the patient was doing at home. Second, having a meter at home allows the patient to telephone the doctor during the night and get proper instructions for management of his case. Nine times out of ten, a Physician experienced with home peak flow, can help get his patient out of trouble quickly and avoid uncalled for visit to an emergency room or hospital (7). PEFR use in Chronic obstructive Pulmonary Diseases (COPD) Chronic obstructive pulmonary disease (COPD) refers to any disorder in which there is a long-term obstruction of airflow and a substantial reduction in pulmonary ventilation (2). The major COPDs are chronic bronchitis and emphysema. This is obstructive airway diseases like Asthma. They are almost always caused by cigarette smoking, but occasionally result from air pollution or occupational exposure to airborne irritants (2). Like in asthma, variability of PEFR value is important in diagnosing and after prognosing of COPD. Patients with chronic bronchitis are unlikely to achieve a P.E.F. higher than 400 L/min: if their condition is complicated by emphysema, values of less than 200 L/min are usually found (4). In severe emphysema or in status asthmaticus PEFR may be unrecordable on the standard Wright peak flow meter which cannot measure PEFR if it is less than 60 L/min (4). The importance of identifying chronic bronchitis at a stage before serious, irreversible changes have occurred should need no stressing. Unfortunately, the early symptoms of chronic bronchitis are so unobtrusive that patients seldom attach any importance to them: (4) therefore early chronic bronchitis is likely to be recognized only if it is specially looked for. Nobody is better placed to do this than the general practitioner now that his task has been made less formidable by the provision of objective means of assessment. Though the limitations of PEFR as an index of early chronic bronchitis have yet to be fully measured, there is no doubt that a peak flow meter will enable general practitioners to identify many early bronchitis with much greater confidence than is possible on clinical findings alone (4). Other uses Also absolute peak expiratory flow rate (PEFR) has been a valuable measurement in the differentiation of acute dyspea secondary to congestive heart failure (CHF) or chronic lung disease (CLD) (15) In experimental research, it was discovered the mean absolute PEFR was 229.9 L / min for the congestive heart failure group and 121.12 L / min for the CLD group; the difference was significant. No single cut off value allowed 100 % accurate classification. However, a PEFR greater than 150 L / min was suggestive of CHF. Whereas a reading less than or equal to 150 L / min was suggestive of CLD. The Peak Expiratory Flow Rate (PEFR) is Valuable in differentiation between CHF and CLD (15). Advantages and Disadvantages of PEFR There are some advantages and disadvantages utilizing peak flow meter in management of respiratory diseases. A peak flow meter that is an inexpensive, portable, handheld device and need no source of electricity and require the minimum of maintenance (4), can be used at the bedside, can be bought any person from market. Peak flow meters are very helpful if person have moderate to severe asthma and require daily asthma medications. Even children ages 4 to 5 and up should be able to use a peak flow meter with good results. People with moderate-to-severe asthma should have a peak flow meter at home (14). Although reproducible, PEFR is not a good measure of airflow limitation since it measures the expiratory flow rate only in the first 2 ms of expiration and overestimates lung function in patients with moderate airflow limitation (3). PEFR is best used to monitor progression of disease and its treatment. Regular measurements of peak flow rates on waking, during the afternoon, and before bed demonstrate the wide diurnal variations in airflow limitation that characterize asthma and allow an objective assessment of treatment to be made It can be difficult to distinguish between asthma and COPD(3): that are same feature respiratory diseases. Also a significant peak flow variability is present in, bronchiectasis, and PTLD, although PEFR remains the most important feature favoring the diagnosis of asthma (10). So there are some difficulties in differentiation of asthma from other obstructive respiratory diseases each other. This is Effort-dependent Poor measure of chronic airflow limitation (3). Older people with poor vision have difficulty reading PEF meter recordings (6). It is important to know that peak flow meter only measures the amount of airflow out of the large airways of the lungs (14). Changes in airflow caused by the small airways (which also occur with asthma) will not be detected by a peak flow meter. Early warning signs, however, may be present. Therefore, it is important, symptoms and early warning signs to best manage in asthma. The most clinically useful measurements of airflow limitation except PEFR are forced expiratory volume in 1 s (FEV 1), which may be expressed as a proportion of the forced vital capacity (FVC) as FEV1/FVC per cent (11). Both tests require the patient to provide a reproducible maximal forced expiratory maneuvers using tested and validated equipment. FEV1 has the advantage of a visible tracing of the expelled volume of air over time, which allows the observer to determine whether reproducible maximal forced expiratory manoeuvres have been made (11). PEFR testing does not provide this opportunity. However, peak flow meters employed to measure PEFR, unlike spirometers required to measure FEV1, can be used regularly by patients to monitor their lung function (11).

Go Kart History :: Racing Entertainment Essays

Go Kart History Do you ever hear the word â€Å"karting†? Many people still don’t know what karting is. They try to relate it to the cart; the basket to take your things from the market with the wheels on it. In this situation, kart means the miniature of car racing, especially Formula One (F-1) cars. And karting means racing of using a kart. Maybe if I say â€Å"go kart†, you will know what I am talking about. Actually â€Å"go kart† is a trademark of karting. It is the manufacturing company that originated karting in 1958. The history and accessories of karting are important in order to get started in karting. The history of the go kart is quite interesting. To begin with, there were two guys whose names were Duffy Livingstone and Roy Desbrow. They were partners in a muffler business in Monrovia, California. Both were experts in welding components. One time, they saw Art Ingle’s one off creation (model of the car). Then they were inspired to make their own versions. Duffy built a couple for their friends. And there was another guy whose name was Bill Rowles, a salesman of surplus materials in Los Angeles. He visited their muffler shop very often. He also got inexpensive engines from a failed West Bend rotary lawn mower venture. These three individuals formed a loose partnership to produce and sell kit components for go karts. One day, when they are relaxing in the small office at their muffler shop, the postman came by with many envelopes. These envelopes brought about thirty orders for that day. The demand became constant in the following days, so they thought that they needed to change their business. They formed a corporation for the company called Go Kart manufacturing and leased a five acre facility in Azusa from AeroJet General Corporation. This corporation had six stockholders. Duffy Livingstone, Roy Desbrow, and Bill Rowles were the primary stockholders. Other stockholders were Jim Patronite (the company’s accountant, who later formed Azusa Engineering), Don Boberick, and the company’s office manager. In 1962, Art Linkletter Enterprises wanted to buy the shares for $750,000. But Go Kart declined the offer because the proposal gave the Linkletter group management of Go Kart mfg and Go Kart didn’t trust the Linkletter group ability to manage the Go Kart mfg. However, in less than a year, Go Kart hired a very experienced, energetic and enthusiastic person to manage the sales.

Practicum Report

PRACTICUM REPORT In partial fulfillment Of the requirement in Accounting 330a Presented to: Prof. Teresita Crucero Dean College of Business and Accountancy Central Philippine University Jaro, Iloilo City Presented by: Mary Ann Christi M. Espinosa Bachelor of Science in Management Accounting October 2011 TABLE OF CONTENTS Title Page———- Table of Contents——— Narrative Report——— Analysis Report——— Introduction Letter——— Practicum Rating——— Daily Time Record——— Exam Permits———- Attendance Slips——— Application Form for Practicum——- Parental Consent Form——– Log Book/Daily Diaries——– INTRODUCTION NARRATIVE Internship or on the job training or practicum is one way by which we students are given an opportunity to apply the theories and computations that we have learned from school. It also helps us to obtain applicable knowledge and skills by performing in actual work setting. College and Universities require their students to undergo such training within a specific number of hours as part of the curriculum. For us students, a practicum or internship program provides opportunities to go through the actual methodologies of a specific job using the real tools, equipments and documents. In effect the workplace becomes a development venue for us student trainee to learn more about our chosen field and practice what we have learned from the university. On the other hand, a valuable OJT/Practicum program also profits the companies who accept trainees. First trainee provides extra manpower for a significant labor cost than a regular employee. Most of them are eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as method of recruiting employees. Since the trainer or supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make good recruit after the completion of his internship. We trainees can bring fresh ideas in the organization. Given the opportunity to converse our minds freely and without fear, we may be able to contribute significantly in the brainstorming or research and eventually help improve the organizations productivity. While training the interns, employers are in fact teaching their employees to guide the trainees by stretching their patience, develop teaching skills and make them more sensitive to the needs and mindset of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, the internship also becomes an avenue in training for future managers of the company. Accepting on the job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. There is wisdom in the front lines. Such training can be investment that will be valuable to the company later on. This is also why us trainees should take our internship seriously as it can be a powerful tool and possibly even a source of recommendation when they take that big lift from being students to career professionals. Every day, man learns something. It is in his system to learn and discover. Man was born for this. It is an instinct to search for answers in order to satisfy their questions. Save it to their memory and use it in their daily lives. I am on my last semester as a Management Accounting student, I take pride for what I have achieved at this time of my life plus the fact that it’s not easy to maintain a cut-off grade in most of my Accounting subjects in order for me to stay and graduate as a bachelor in Management Accounting. With regards to my off campus practicum, our school sends us to different offices to put our theoretical learning into practical applications. PUDADERA ACCOUNTING OFFICE is located in Arguelles Street, Jaro Iloilo City. It is a ten minute walk from the 6th gate of Central Philippine University. The two-storied building was built in a subdivision with the calm atmosphere of the community and its landscape. The appearance of the building is well harmonized with the surroundings. However, it gives guests the impression of dignity and openness. Directly inside the main entrance, Pudadera Accounting Office has a small but welcoming lobby with a natural concrete floor, stylish but difficult to walk on heels. There are several chairs arranged against the wall and a side table which are placed the company’s newspapers and other publications. The receptionist’s desk is facing the entrance door, and behind it sits two friendly women. Passing through the receptionists’ area which is directly leads to the main office. The area is small but it is well arranged to welcome the clients as well as guests. The receiving area has a big square table in the middle with a large window overlooking the exterior. The remainder of the office space is segmented with partitioning walls, forming a sort cubicle. The office starts its operation from 9am to 6pm from Mondays to Friday and 9am to 12nn during Saturdays. The office is closed on Sundays and during Holidays. To grow and create value, the company must have the trust of its clients, lenders and investors. The office assists their clients in the proper applications of accounting principles that will become effective. They also assist in completing certain requirements under existing rules and regulations of regulatory bodies such as the Security and Exchange Commission (SEC) and others. The office reviews financial information based on agreed-upon procedures, assisting acquirers/investors in determining factors affecting the price and post-acquisition financial issues and providing integrated support throughout the acquisition process. They also provide advice and assistance with the registration and reporting requirements of government agencies relating to tax and/ or investment incentives granted under various investment laws and regulations as administered by the Securities and Exchange Commission, Department of Trade and Industry, Bangko Sentral ng Pilipinas, Local Government and etc. It also can provide assistance in determining a company’s tax liabilities, preparing related returns and remitting these taxes to regulatory agencies within the prescribed deadlines. Some of the clients also ask the office to do the payroll and also provides assistance in Social Security System and Philippine Health Insurance application and payments on their own employees. As I stepped in to the accounting office, the first task I did was to update the books of the firm’s clients. Bookkeeping is the process of recording and classifying business financial transactions, or to put it another way, the process of maintaining the records of a business’s financial activities. The objective in bookkeeping is to create a useable summary of financial transactions, which provides a snapshot of the business’s financial stability. The most basic form of accounting is the single-entry system. In this system, you record each transaction only once, as either a deposit or as an expense. This system is generally used to determine the profit/loss of a business. However, the preferred system is the double-entry system. The double-entry system is more accurate, and has built-in checks and balances. In this system, each transaction is recorded twice, in each â€Å"account† it affects. This is a more thorough method of keeping a business’s financial transaction in order. Bookkeeping; As part of the business science of accounting, it represents the daily tasks of tracking its financial transaction of a business and recording it correctly. This includes a sale, purchase of equipment and supplies, investment income for the month, or internal transfer of funds. As a bookkeeper, I have the access to all the daily transaction data for a particular client. Amongst the books that I have updated, the office uses single-entry method of bookkeeping. The approach is very streamlined, tracking only accounts associated directly with money coming in and money being spent by the business which many new businesses and sole proprietors accustomed to. All of this data is then rolled up regularly into a report based on a cash flow structure, showing starting balance, how much new money was earned, how much was spent, and finally a remaining net balance for the period. There are three basic elements of bookkeeping: assets, liabilities, and net assets. Assets are all items used in the operation or investment activities of a business. This category includes all property, or items of value, owned by a business. Examples include cash, buildings, land, vehicles, tools, inventory, office supplies, furniture, investments, and accounts receivable (any funds owed to the business). Increases in assets are called debits. Decreases in assets are called credits. Generally, various assets are referred to as debit accounts. Liabilities are claims by creditors to the assets of a business, or debts owed by the business to others. Types of liabilities include loans, notes payable, and lines of credit. Net assets are the equity earned by the business. Net assets are the value of the business once all liabilities have been paid. It can also be called owner’s equity, capital, net worth, profit, or proprietorship. There are also several other things to keep in mind when considering a company’s net assets: †¢ Revenue is the increase in net worth resulting from the operations and other activities of the business. Revenue includes income earned through the business’s services, interest earned on investments, and contributions from individuals or foundations. Although net assets are considered to be credit accounts, sources of revenue are actually considered to be debit accounts. Expenses are the costs of doing business. This includes the cost of goods, fixed assets, and services/supplies used in the business’s operations. Examples of expenses include salaries, rent, travel expenses, and the costs of supplies and utilities. Expenses are credit accounts. †¢ Net assets are calculated by subtracting tot al expenses from total revenue, on a yearly basis. Whenever revenue is received, net assets increase. Whenever expenses are paid, net assets decrease. The paper side of bookkeeping is managed through ledgers. Each account has a ledger to show each financial change that has occurred to the account. Sales account shows every sale made in a period by peso amount. It will also show corrections made to the account if there was an error or a bad posting. Eventually, for reporting, all the ledgers used are rolled into one combined report, which then tells management how money was earned and spent for the time period tracked. All business transactions result in at least two changes to the bookkeeping equation. In other words, a transaction that changes a business’s assets must also change that business’s liabilities or net assets. Some transactions increase accounts. If a business’s assets increase, then there must also be an increase in either liabilities or net assets. Other transactions can decrease accounts. If a business’s assets decrease, so must either its liabilities or its net assets. Bookkeeping goes hand in hand with taxes. Bookkeeping is the process of keeping track of business income and expenses tallying them over time. Taxes are sums that you must pay to government institutions relative to the income and expenses that you tally by means of bookkeeping process. As a practicum, it is our duty to update each of the client’s books. If we keep the books up to date, it can be relatively simple to file tax returns. Most tax returns involve transferring bookkeeping totals and multiplying them by tax rates. The office maintains a file of receipts for each of the client each month. ANALYSIS Strategizing An up-to-date bookkeeping system enables you to develop strategies to minimize the amount of tax you owe. Income tax rates increase as your income level rises. If you know that you will earn less during an upcoming calendar year, you may choose to make capital expenditures that will lower your tax burden during a year when your overall tax rate will be higher. If your bookkeeping is current and you only need to perform simple calculations to file taxes, you are less likely to accrue penalties and interest on late filings and payments. Running a business means being vigilant about your bookkeeping so that you always know where you stand. If you have a small business, or are in charge of bookkeeping for a business, then you should know some basic accounting and bookkeeping rules to make sure that you're able to run your business smoothly, with no hiccups in the financial department. Choose a System * When starting your bookkeeping, you need to choose a system for doing it. Most businesses choose a cash or accrual system. In a cash system, the bookkeeper records all cash coming in and going out as it is received. For instance, you may make a sale on Friday, but the check doesn't come until Monday, so you record it on Monday. With accrual, you record things when they happen. You would record the sale on Friday and account for the money then, even if you didn't yet receive it. Choosing your system relates mostly to how you do business, if you are vigilant about always having the funds on hand, or if you don't mind doing some of your business on credit. Choose the method that works best for your company. Maintain Your Books * As a bookkeeper or small business owner, you should be updating and maintaining your books daily. It can be easy to put off an entry until tomorrow, but to keep things organized and orderly, you should be entering things in the books as they happen. Resist the urge to leave things until another day. With books, you're dealing with numbers and money, and any small mistake can have big consequences. Make it easier on yourself by maintaining the books daily. Take a few minutes to update and assess, so you are continually in the loop of your financial situation. Leave a Paper Trail * When keeping books, it's important to always do things in order, to number checks and enter them chronologically with all of the information at hand. You should have records of every single financial move you make, through accounting slips, receipts and receiving orders. If, for some reason, you are targeted by the IRS for an audit, they'll want to see clean books with correct records. Leaving a paper trail in everything you do financially with the business is essential to bookkeeping. Practicum Report PRACTICUM REPORT In partial fulfillment Of the requirement in Accounting 330a Presented to: Prof. Teresita Crucero Dean College of Business and Accountancy Central Philippine University Jaro, Iloilo City Presented by: Mary Ann Christi M. Espinosa Bachelor of Science in Management Accounting October 2011 TABLE OF CONTENTS Title Page———- Table of Contents——— Narrative Report——— Analysis Report——— Introduction Letter——— Practicum Rating——— Daily Time Record——— Exam Permits———- Attendance Slips——— Application Form for Practicum——- Parental Consent Form——– Log Book/Daily Diaries——– INTRODUCTION NARRATIVE Internship or on the job training or practicum is one way by which we students are given an opportunity to apply the theories and computations that we have learned from school. It also helps us to obtain applicable knowledge and skills by performing in actual work setting. College and Universities require their students to undergo such training within a specific number of hours as part of the curriculum. For us students, a practicum or internship program provides opportunities to go through the actual methodologies of a specific job using the real tools, equipments and documents. In effect the workplace becomes a development venue for us student trainee to learn more about our chosen field and practice what we have learned from the university. On the other hand, a valuable OJT/Practicum program also profits the companies who accept trainees. First trainee provides extra manpower for a significant labor cost than a regular employee. Most of them are eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as method of recruiting employees. Since the trainer or supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make good recruit after the completion of his internship. We trainees can bring fresh ideas in the organization. Given the opportunity to converse our minds freely and without fear, we may be able to contribute significantly in the brainstorming or research and eventually help improve the organizations productivity. While training the interns, employers are in fact teaching their employees to guide the trainees by stretching their patience, develop teaching skills and make them more sensitive to the needs and mindset of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, the internship also becomes an avenue in training for future managers of the company. Accepting on the job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. There is wisdom in the front lines. Such training can be investment that will be valuable to the company later on. This is also why us trainees should take our internship seriously as it can be a powerful tool and possibly even a source of recommendation when they take that big lift from being students to career professionals. Every day, man learns something. It is in his system to learn and discover. Man was born for this. It is an instinct to search for answers in order to satisfy their questions. Save it to their memory and use it in their daily lives. I am on my last semester as a Management Accounting student, I take pride for what I have achieved at this time of my life plus the fact that it’s not easy to maintain a cut-off grade in most of my Accounting subjects in order for me to stay and graduate as a bachelor in Management Accounting. With regards to my off campus practicum, our school sends us to different offices to put our theoretical learning into practical applications. PUDADERA ACCOUNTING OFFICE is located in Arguelles Street, Jaro Iloilo City. It is a ten minute walk from the 6th gate of Central Philippine University. The two-storied building was built in a subdivision with the calm atmosphere of the community and its landscape. The appearance of the building is well harmonized with the surroundings. However, it gives guests the impression of dignity and openness. Directly inside the main entrance, Pudadera Accounting Office has a small but welcoming lobby with a natural concrete floor, stylish but difficult to walk on heels. There are several chairs arranged against the wall and a side table which are placed the company’s newspapers and other publications. The receptionist’s desk is facing the entrance door, and behind it sits two friendly women. Passing through the receptionists’ area which is directly leads to the main office. The area is small but it is well arranged to welcome the clients as well as guests. The receiving area has a big square table in the middle with a large window overlooking the exterior. The remainder of the office space is segmented with partitioning walls, forming a sort cubicle. The office starts its operation from 9am to 6pm from Mondays to Friday and 9am to 12nn during Saturdays. The office is closed on Sundays and during Holidays. To grow and create value, the company must have the trust of its clients, lenders and investors. The office assists their clients in the proper applications of accounting principles that will become effective. They also assist in completing certain requirements under existing rules and regulations of regulatory bodies such as the Security and Exchange Commission (SEC) and others. The office reviews financial information based on agreed-upon procedures, assisting acquirers/investors in determining factors affecting the price and post-acquisition financial issues and providing integrated support throughout the acquisition process. They also provide advice and assistance with the registration and reporting requirements of government agencies relating to tax and/ or investment incentives granted under various investment laws and regulations as administered by the Securities and Exchange Commission, Department of Trade and Industry, Bangko Sentral ng Pilipinas, Local Government and etc. It also can provide assistance in determining a company’s tax liabilities, preparing related returns and remitting these taxes to regulatory agencies within the prescribed deadlines. Some of the clients also ask the office to do the payroll and also provides assistance in Social Security System and Philippine Health Insurance application and payments on their own employees. As I stepped in to the accounting office, the first task I did was to update the books of the firm’s clients. Bookkeeping is the process of recording and classifying business financial transactions, or to put it another way, the process of maintaining the records of a business’s financial activities. The objective in bookkeeping is to create a useable summary of financial transactions, which provides a snapshot of the business’s financial stability. The most basic form of accounting is the single-entry system. In this system, you record each transaction only once, as either a deposit or as an expense. This system is generally used to determine the profit/loss of a business. However, the preferred system is the double-entry system. The double-entry system is more accurate, and has built-in checks and balances. In this system, each transaction is recorded twice, in each â€Å"account† it affects. This is a more thorough method of keeping a business’s financial transaction in order. Bookkeeping; As part of the business science of accounting, it represents the daily tasks of tracking its financial transaction of a business and recording it correctly. This includes a sale, purchase of equipment and supplies, investment income for the month, or internal transfer of funds. As a bookkeeper, I have the access to all the daily transaction data for a particular client. Amongst the books that I have updated, the office uses single-entry method of bookkeeping. The approach is very streamlined, tracking only accounts associated directly with money coming in and money being spent by the business which many new businesses and sole proprietors accustomed to. All of this data is then rolled up regularly into a report based on a cash flow structure, showing starting balance, how much new money was earned, how much was spent, and finally a remaining net balance for the period. There are three basic elements of bookkeeping: assets, liabilities, and net assets. Assets are all items used in the operation or investment activities of a business. This category includes all property, or items of value, owned by a business. Examples include cash, buildings, land, vehicles, tools, inventory, office supplies, furniture, investments, and accounts receivable (any funds owed to the business). Increases in assets are called debits. Decreases in assets are called credits. Generally, various assets are referred to as debit accounts. Liabilities are claims by creditors to the assets of a business, or debts owed by the business to others. Types of liabilities include loans, notes payable, and lines of credit. Net assets are the equity earned by the business. Net assets are the value of the business once all liabilities have been paid. It can also be called owner’s equity, capital, net worth, profit, or proprietorship. There are also several other things to keep in mind when considering a company’s net assets: †¢ Revenue is the increase in net worth resulting from the operations and other activities of the business. Revenue includes income earned through the business’s services, interest earned on investments, and contributions from individuals or foundations. Although net assets are considered to be credit accounts, sources of revenue are actually considered to be debit accounts. Expenses are the costs of doing business. This includes the cost of goods, fixed assets, and services/supplies used in the business’s operations. Examples of expenses include salaries, rent, travel expenses, and the costs of supplies and utilities. Expenses are credit accounts. †¢ Net assets are calculated by subtracting tot al expenses from total revenue, on a yearly basis. Whenever revenue is received, net assets increase. Whenever expenses are paid, net assets decrease. The paper side of bookkeeping is managed through ledgers. Each account has a ledger to show each financial change that has occurred to the account. Sales account shows every sale made in a period by peso amount. It will also show corrections made to the account if there was an error or a bad posting. Eventually, for reporting, all the ledgers used are rolled into one combined report, which then tells management how money was earned and spent for the time period tracked. All business transactions result in at least two changes to the bookkeeping equation. In other words, a transaction that changes a business’s assets must also change that business’s liabilities or net assets. Some transactions increase accounts. If a business’s assets increase, then there must also be an increase in either liabilities or net assets. Other transactions can decrease accounts. If a business’s assets decrease, so must either its liabilities or its net assets. Bookkeeping goes hand in hand with taxes. Bookkeeping is the process of keeping track of business income and expenses tallying them over time. Taxes are sums that you must pay to government institutions relative to the income and expenses that you tally by means of bookkeeping process. As a practicum, it is our duty to update each of the client’s books. If we keep the books up to date, it can be relatively simple to file tax returns. Most tax returns involve transferring bookkeeping totals and multiplying them by tax rates. The office maintains a file of receipts for each of the client each month. ANALYSIS Strategizing An up-to-date bookkeeping system enables you to develop strategies to minimize the amount of tax you owe. Income tax rates increase as your income level rises. If you know that you will earn less during an upcoming calendar year, you may choose to make capital expenditures that will lower your tax burden during a year when your overall tax rate will be higher. If your bookkeeping is current and you only need to perform simple calculations to file taxes, you are less likely to accrue penalties and interest on late filings and payments. Running a business means being vigilant about your bookkeeping so that you always know where you stand. If you have a small business, or are in charge of bookkeeping for a business, then you should know some basic accounting and bookkeeping rules to make sure that you're able to run your business smoothly, with no hiccups in the financial department. Choose a System * When starting your bookkeeping, you need to choose a system for doing it. Most businesses choose a cash or accrual system. In a cash system, the bookkeeper records all cash coming in and going out as it is received. For instance, you may make a sale on Friday, but the check doesn't come until Monday, so you record it on Monday. With accrual, you record things when they happen. You would record the sale on Friday and account for the money then, even if you didn't yet receive it. Choosing your system relates mostly to how you do business, if you are vigilant about always having the funds on hand, or if you don't mind doing some of your business on credit. Choose the method that works best for your company. Maintain Your Books * As a bookkeeper or small business owner, you should be updating and maintaining your books daily. It can be easy to put off an entry until tomorrow, but to keep things organized and orderly, you should be entering things in the books as they happen. Resist the urge to leave things until another day. With books, you're dealing with numbers and money, and any small mistake can have big consequences. Make it easier on yourself by maintaining the books daily. Take a few minutes to update and assess, so you are continually in the loop of your financial situation. Leave a Paper Trail * When keeping books, it's important to always do things in order, to number checks and enter them chronologically with all of the information at hand. You should have records of every single financial move you make, through accounting slips, receipts and receiving orders. If, for some reason, you are targeted by the IRS for an audit, they'll want to see clean books with correct records. Leaving a paper trail in everything you do financially with the business is essential to bookkeeping. Practicum Report PRACTICUM REPORT In partial fulfillment Of the requirement in Accounting 330a Presented to: Prof. Teresita Crucero Dean College of Business and Accountancy Central Philippine University Jaro, Iloilo City Presented by: Mary Ann Christi M. Espinosa Bachelor of Science in Management Accounting October 2011 TABLE OF CONTENTS Title Page———- Table of Contents——— Narrative Report——— Analysis Report——— Introduction Letter——— Practicum Rating——— Daily Time Record——— Exam Permits———- Attendance Slips——— Application Form for Practicum——- Parental Consent Form——– Log Book/Daily Diaries——– INTRODUCTION NARRATIVE Internship or on the job training or practicum is one way by which we students are given an opportunity to apply the theories and computations that we have learned from school. It also helps us to obtain applicable knowledge and skills by performing in actual work setting. College and Universities require their students to undergo such training within a specific number of hours as part of the curriculum. For us students, a practicum or internship program provides opportunities to go through the actual methodologies of a specific job using the real tools, equipments and documents. In effect the workplace becomes a development venue for us student trainee to learn more about our chosen field and practice what we have learned from the university. On the other hand, a valuable OJT/Practicum program also profits the companies who accept trainees. First trainee provides extra manpower for a significant labor cost than a regular employee. Most of them are eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as method of recruiting employees. Since the trainer or supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make good recruit after the completion of his internship. We trainees can bring fresh ideas in the organization. Given the opportunity to converse our minds freely and without fear, we may be able to contribute significantly in the brainstorming or research and eventually help improve the organizations productivity. While training the interns, employers are in fact teaching their employees to guide the trainees by stretching their patience, develop teaching skills and make them more sensitive to the needs and mindset of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, the internship also becomes an avenue in training for future managers of the company. Accepting on the job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. There is wisdom in the front lines. Such training can be investment that will be valuable to the company later on. This is also why us trainees should take our internship seriously as it can be a powerful tool and possibly even a source of recommendation when they take that big lift from being students to career professionals. Every day, man learns something. It is in his system to learn and discover. Man was born for this. It is an instinct to search for answers in order to satisfy their questions. Save it to their memory and use it in their daily lives. I am on my last semester as a Management Accounting student, I take pride for what I have achieved at this time of my life plus the fact that it’s not easy to maintain a cut-off grade in most of my Accounting subjects in order for me to stay and graduate as a bachelor in Management Accounting. With regards to my off campus practicum, our school sends us to different offices to put our theoretical learning into practical applications. PUDADERA ACCOUNTING OFFICE is located in Arguelles Street, Jaro Iloilo City. It is a ten minute walk from the 6th gate of Central Philippine University. The two-storied building was built in a subdivision with the calm atmosphere of the community and its landscape. The appearance of the building is well harmonized with the surroundings. However, it gives guests the impression of dignity and openness. Directly inside the main entrance, Pudadera Accounting Office has a small but welcoming lobby with a natural concrete floor, stylish but difficult to walk on heels. There are several chairs arranged against the wall and a side table which are placed the company’s newspapers and other publications. The receptionist’s desk is facing the entrance door, and behind it sits two friendly women. Passing through the receptionists’ area which is directly leads to the main office. The area is small but it is well arranged to welcome the clients as well as guests. The receiving area has a big square table in the middle with a large window overlooking the exterior. The remainder of the office space is segmented with partitioning walls, forming a sort cubicle. The office starts its operation from 9am to 6pm from Mondays to Friday and 9am to 12nn during Saturdays. The office is closed on Sundays and during Holidays. To grow and create value, the company must have the trust of its clients, lenders and investors. The office assists their clients in the proper applications of accounting principles that will become effective. They also assist in completing certain requirements under existing rules and regulations of regulatory bodies such as the Security and Exchange Commission (SEC) and others. The office reviews financial information based on agreed-upon procedures, assisting acquirers/investors in determining factors affecting the price and post-acquisition financial issues and providing integrated support throughout the acquisition process. They also provide advice and assistance with the registration and reporting requirements of government agencies relating to tax and/ or investment incentives granted under various investment laws and regulations as administered by the Securities and Exchange Commission, Department of Trade and Industry, Bangko Sentral ng Pilipinas, Local Government and etc. It also can provide assistance in determining a company’s tax liabilities, preparing related returns and remitting these taxes to regulatory agencies within the prescribed deadlines. Some of the clients also ask the office to do the payroll and also provides assistance in Social Security System and Philippine Health Insurance application and payments on their own employees. As I stepped in to the accounting office, the first task I did was to update the books of the firm’s clients. Bookkeeping is the process of recording and classifying business financial transactions, or to put it another way, the process of maintaining the records of a business’s financial activities. The objective in bookkeeping is to create a useable summary of financial transactions, which provides a snapshot of the business’s financial stability. The most basic form of accounting is the single-entry system. In this system, you record each transaction only once, as either a deposit or as an expense. This system is generally used to determine the profit/loss of a business. However, the preferred system is the double-entry system. The double-entry system is more accurate, and has built-in checks and balances. In this system, each transaction is recorded twice, in each â€Å"account† it affects. This is a more thorough method of keeping a business’s financial transaction in order. Bookkeeping; As part of the business science of accounting, it represents the daily tasks of tracking its financial transaction of a business and recording it correctly. This includes a sale, purchase of equipment and supplies, investment income for the month, or internal transfer of funds. As a bookkeeper, I have the access to all the daily transaction data for a particular client. Amongst the books that I have updated, the office uses single-entry method of bookkeeping. The approach is very streamlined, tracking only accounts associated directly with money coming in and money being spent by the business which many new businesses and sole proprietors accustomed to. All of this data is then rolled up regularly into a report based on a cash flow structure, showing starting balance, how much new money was earned, how much was spent, and finally a remaining net balance for the period. There are three basic elements of bookkeeping: assets, liabilities, and net assets. Assets are all items used in the operation or investment activities of a business. This category includes all property, or items of value, owned by a business. Examples include cash, buildings, land, vehicles, tools, inventory, office supplies, furniture, investments, and accounts receivable (any funds owed to the business). Increases in assets are called debits. Decreases in assets are called credits. Generally, various assets are referred to as debit accounts. Liabilities are claims by creditors to the assets of a business, or debts owed by the business to others. Types of liabilities include loans, notes payable, and lines of credit. Net assets are the equity earned by the business. Net assets are the value of the business once all liabilities have been paid. It can also be called owner’s equity, capital, net worth, profit, or proprietorship. There are also several other things to keep in mind when considering a company’s net assets: †¢ Revenue is the increase in net worth resulting from the operations and other activities of the business. Revenue includes income earned through the business’s services, interest earned on investments, and contributions from individuals or foundations. Although net assets are considered to be credit accounts, sources of revenue are actually considered to be debit accounts. Expenses are the costs of doing business. This includes the cost of goods, fixed assets, and services/supplies used in the business’s operations. Examples of expenses include salaries, rent, travel expenses, and the costs of supplies and utilities. Expenses are credit accounts. †¢ Net assets are calculated by subtracting tot al expenses from total revenue, on a yearly basis. Whenever revenue is received, net assets increase. Whenever expenses are paid, net assets decrease. The paper side of bookkeeping is managed through ledgers. Each account has a ledger to show each financial change that has occurred to the account. Sales account shows every sale made in a period by peso amount. It will also show corrections made to the account if there was an error or a bad posting. Eventually, for reporting, all the ledgers used are rolled into one combined report, which then tells management how money was earned and spent for the time period tracked. All business transactions result in at least two changes to the bookkeeping equation. In other words, a transaction that changes a business’s assets must also change that business’s liabilities or net assets. Some transactions increase accounts. If a business’s assets increase, then there must also be an increase in either liabilities or net assets. Other transactions can decrease accounts. If a business’s assets decrease, so must either its liabilities or its net assets. Bookkeeping goes hand in hand with taxes. Bookkeeping is the process of keeping track of business income and expenses tallying them over time. Taxes are sums that you must pay to government institutions relative to the income and expenses that you tally by means of bookkeeping process. As a practicum, it is our duty to update each of the client’s books. If we keep the books up to date, it can be relatively simple to file tax returns. Most tax returns involve transferring bookkeeping totals and multiplying them by tax rates. The office maintains a file of receipts for each of the client each month. ANALYSIS Strategizing An up-to-date bookkeeping system enables you to develop strategies to minimize the amount of tax you owe. Income tax rates increase as your income level rises. If you know that you will earn less during an upcoming calendar year, you may choose to make capital expenditures that will lower your tax burden during a year when your overall tax rate will be higher. If your bookkeeping is current and you only need to perform simple calculations to file taxes, you are less likely to accrue penalties and interest on late filings and payments. Running a business means being vigilant about your bookkeeping so that you always know where you stand. If you have a small business, or are in charge of bookkeeping for a business, then you should know some basic accounting and bookkeeping rules to make sure that you're able to run your business smoothly, with no hiccups in the financial department. Choose a System * When starting your bookkeeping, you need to choose a system for doing it. Most businesses choose a cash or accrual system. In a cash system, the bookkeeper records all cash coming in and going out as it is received. For instance, you may make a sale on Friday, but the check doesn't come until Monday, so you record it on Monday. With accrual, you record things when they happen. You would record the sale on Friday and account for the money then, even if you didn't yet receive it. Choosing your system relates mostly to how you do business, if you are vigilant about always having the funds on hand, or if you don't mind doing some of your business on credit. Choose the method that works best for your company. Maintain Your Books * As a bookkeeper or small business owner, you should be updating and maintaining your books daily. It can be easy to put off an entry until tomorrow, but to keep things organized and orderly, you should be entering things in the books as they happen. Resist the urge to leave things until another day. With books, you're dealing with numbers and money, and any small mistake can have big consequences. Make it easier on yourself by maintaining the books daily. Take a few minutes to update and assess, so you are continually in the loop of your financial situation. Leave a Paper Trail * When keeping books, it's important to always do things in order, to number checks and enter them chronologically with all of the information at hand. You should have records of every single financial move you make, through accounting slips, receipts and receiving orders. If, for some reason, you are targeted by the IRS for an audit, they'll want to see clean books with correct records. Leaving a paper trail in everything you do financially with the business is essential to bookkeeping.