Friday, January 24, 2020
Angel And Tess :: essays research papers
Angel and Tess: A Romance Fit For the Books? Romeo and Juliet, Antony and Cleopatra, Napolean and Josephine. Throughout society's entire existence, we have known almost innately that these couples belong together, and yet fate intervened to deal their relationship a tragic blow. Yet readers persist on viewing these couples as the most passionate of all times. What makes them so unique? What makes them so compatible? What makes everyone see them as half of a whole instead of two? These couples proved to society that they belonged together, no matter what circumstances they faced . They possessed True Love, the rare gift that makes a relationship last, amidst outer turmoil. In the novel, Tess of the D'Ubervilles, by Thomas Hardy, another literary couple is portrayed. Tess Durbeyfield and Angel Clare appear to be in such an invincible love. The audience believes that they could have a happy life together as a unified couple, but, here too, fate intervenes and Tess is killed. However, the question remains in readers' minds: Wo uld Tess and Angelââ¬â¢s relationship reached the level of perfection in these examples had Tess remained alive? Would their relationship have been successful? There are several factors that can define a successful relationship. In order for a relationship to be worthwhile, the relationship must possess mutual love, respect, and trust, characterized by similar backgrounds, harmonious personalities , and compatibility. Tess and Angelââ¬â¢s love could not have survived for long, because they did not possess these things. Their differences made it too difficult for them to be compatible for long. They had different pasts, different personalities, and different goals and aspirations that prevented true love. Tess Durbeyfield has a difficult past, and it impacts who she grows up to be; her past is always a part of her, a perpetual learning experience. Though she spends some years away from home, Tess's personality is still influenced by her humble beginnings, making it impossible for Angel to fully understand her, because his own childhood was relatively easy compared to Tess's. Tess bears most of the burden in her family. The responsibility of the family's welfare is solely on Tess's shoulders. Her parents, immature and impractical, unwittingly force her to care single-handedly for the family. Her mother even says, "The lady must be our relation, and my projick is to send Tess to claim kin." (21) Joan Durbeyfield wants to take the easy way out and inherit the D'Uberville fortune.
Wednesday, January 15, 2020
African Americans in the Reconstruction Era Essay
The Reconstruction era was put into effect by Congress in 1866 and lasted until 1877. Reconstruction was aimed at reorganizing the Southern states after the Civil War. The reconstruction plan granted the means for readmitting the southern states into the Union, and tried to come up with the methods by which whites and blacks could live together in a non-slave society. Americaââ¬â¢s position as a country was established on principles of freedom but those beliefs were weakened by slavery. At the end of the Civil War, many blacks felt that they were entitled to start collecting the benefits that had been denied for so many years. Being able to vote, own land and have a voice in political affairs were all goals that they believed were reachable. The white, however, saw reconstruction as an embarrassing, revengeful annoyance and did not welcome it. Reconstruction was meant to give the blacks a chance for a new and better life. Many of the African Americans stayed with their old masters after being freed, while others left in search of opportunities through education and land ownership. The Southern white conservatives did not want blacks to own property, have political power, or have the right to vote in elections. In addition, the whites strongly believed that they were superior, and they worked hard to make sure legal limitations were in place to prevent the blacks from gaining any type of equality or power. President Johnsonââ¬â¢s reconstruction plan included the black codes, which stated that the African-Americans were required to have a curfew and carry identification on their persons at all time. These regulations also bound the ââ¬Ëfreedmenââ¬â¢ to their plantations. The freed slaves merely wanted the opportunity to continue the family-based shared work methods contrary to having to accept the individual piecework structure. Former slaves wanted to be able to continue to live on the land their ancestors had farmed. African americanââ¬â¢s lives were improved in many ways during the era of Reconstruction; one way their lives were enhanced was the establishment of the Freedmenââ¬â¢s Bureau. The Freedmenââ¬â¢s Bureau was an organization developed by Congress that assisted African-Americans to acquire an education and provided necessities of life such as food and clothing. It was important for African-Americans to become educated, because it would prevent them from being dominated by white supremacists and helped them obtain well-suited jobs. During the years after the war, white teachers who were mostly from the North, missionary organizations, churches and schools worked hard to give the emancipated population the opportunity to learn. Former slaves of every age took advantage of the opportunity to become literate. Grandfathers and their grandchildren sat together in classrooms seeking to obtain the tools of k to gain their freedom. During Reconstruction, blacks were often seen not heard. It was usually the white manââ¬â¢s word over the black manââ¬â¢s word. Even if there was a crowd of people that saw what happened, unless they were black, the people sided with the white man. However, when the situation involved a white man getting hurt or killed for supporting the black community, thatââ¬â¢s when the government stepped in to put an end to it thus leading to the Civil R A of 1875. Many regulations were passed to help blacks during this period. The Civil Rights Act of 1875 prohibited segregation in public facilities and various government amendments, which gave African-Americans even more guaranteed rights. With government guidelines, the newly dubbed freedmen were still discriminated against by most people and were soon to be segregated once again under government decisions. The Reconstruction, although short-lived, showed the first real attempts of inclusive freedom for African-Americans. Gains were taking place, for instance, in citizenship, voting, education and politics. Consequently, the failure of Johnsonââ¬â¢s reconstruction caused the Congress to propose its own plan, the 14th Amendment. The Amendment was designed to prohibit state governments from restricting the rights of former slaves after the Civil War. However, it had been used to grant all the personal liberties and rights conveyed in the Bill of Rights. Among other things, this prohibited ex-Confederate leaders from holding political office, and also gave the freedmen their citizenship. The rejection of the 14th Amendment paved the way for the Reconstruction Act of 1867; this dismantled all Southern governments and launched military control over the South. The Reconstruction Act guaranteed freedmen the right to vote under new state constitutions and required the Southern states to approve the 14th A With the addition of African American votes in the southern elections and the help of ââ¬Å"Carpetà Baggersâ⬠and ââ¬Å"Scalawags,â⬠the Republican Party gained almost complete control over the South. Throughout this time, the ranking of freedman was significantly increased, and by 1868; many state legislatures had African American delegates. All of America, as well as the South, had to be rebuilt, and, despite the Southââ¬â¢s hostile resistance, African-Americans were slowly and gradually becoming part of this nation. The long-awaited citizenship for Blacks was confirmed in 1868, by the 14th Amendment to the Constitution. By 1870, the 15th Amendment had been added to the Constitution, which gave blacks the right to vote. The 15th Amendment forbids the states from denying the right to vote to any person on account of race, color, or previous condition of servitude. Whites both wealthy and poverty-stricken were ruthlessly and completely against the emancipation. The poor people feared the competition in the labor force, and the rich encouraged an attitude to keeping a strong separation in the blacks and the whites. In the early years after the Reconstruction started, there was some violence towards blacks. As the years went on the violence increased, and Terrorist groups were formed. One such group known as the Ku Klux Klan better known as the KKK, surfaced to torment and commit violent acts against blacks and strong white Republicans. Because of the ratification of the 13th Amendment ending slavery in the south, the KKK emerged with a cause that has yet to be put to restâ⬠¦the rise of white power. The KKK was formed mostly to restore slavery to America and to reinstate the Caucasian race as the most superior race in the world. A former Confederate general and Freemason, Nathan Bedford Forrest, founded the KKK in 1866 because Negroes were being allowed to enter the brotherhood of freemasonry. He held this office while he was simultaneously Sovereign Grand Commander of Scottish rite, Freemasons, and Southern Jurisdiction. Members of the KKK were very violent and used harsh actions to get their point across, but their actions were supported by their strong belief in their religion and the culture in which they were brought up in. The KKK did things based on what they believed according to their culture and how they were raised; Which, at that period of time made them extremists. Although slavery was abolished, racism was not. Because the government started recognizing African-Americans as more than just slaves, the KKK decided they would have to take matters into their own hands. They began their protest by lynching, taring and feathering, whipping, beating, and killing African-Americans in the south. Since Blacks had been given rights, the KKK felt it was their duty to prevent the former slaves from using them. Racist Groups such as the KKK operated mainly in the South; however, discrimination against the African Americans was also an issue of a smaller degree in northern cities. The KKK would destroy any black polling booth and shoot, intimidate, and kill any black person trying to vote; especially in Mississippi. KKK members went on ââ¬Å"night rides. â⬠On ââ¬Å"night rides,â⬠the KKK members dressed in white robes and went to houses belonging to empowered blacks and used threats toward family and loved ones to instill fear into their hearts has a means of control. The KKK would threaten these blacks with what would happen if they voted or took positions of power. At the end of the 19th century and the Reconstruction era, many of the whites used violent behavior to scare the African-Americans from white neighborhoods. The Whites organized protective associations, so homes in white neighborhoods could never be sold to a black man. This was also very noticeable in the makeup of many of the northern cities; these cities had well-known residential neighborhoods for African Americans. In conclusion, during this time, a country that was so well-known for its freedom, opposed in large the very definition of the word. After the Civil War, America saw a great many changes regarding civil rights and black suffrage. Many laws were passed to give African Americans more rights. Since the Reconstruction era, we as a country have come a long way. With the utilization of great leadership like Lincoln, education and recognizing our shared humanity, we could decrease the gap of equality.
Tuesday, January 7, 2020
A Brief Analysis Of The Real Earnings Management ( Rem )...
A brief analysis between the Real Earnings Management (REM) and Off-balance Sheet Financing (OBSF) Introduction According to the paragraph 9 of AASB 101, the purpose of financial statements is to provide information referred to the financial position, financial performance and cash flows of an entity which is valuable to a wide variety of users in making economic decisions. Nevertheless, real earnings management (REM) and off-balance sheet financing (OBSF) have a negative impact on financial statements reflecting substance and economic reality of transactions. The paper provides a brief analysis of the implications of real earnings management (REM) as well as off-balance sheet financing (OBSF) which are relevant to the valuation of a manufacturing company. It begins with the introduction of the concepts of REM and OBSF respectively, followed by lists of different major types of REM and OBSF. Afterwards, it distinguishes the two methods from other ones used for financial statement manipulation. Then, the essay illustrates an explanation related to the motivations for the financial statement manipulation and the final part is relevant to methods for a perspective investor on how to detect the occurrence. Concepts of Real Earnings Management (REM) and Off-balance Sheet Financing (OBSF) Real Earnings Management (REM) Real earnings management is defined as the real activities manipulation that diverges from the companyââ¬â¢s regular operational practices with the primary purpose of
Monday, December 30, 2019
Media and Its Affects - 1514 Words
Ruben Gonzalez Mrs. Buduson English 12 3/19/12 Entertainment and Social Media and their effects A nation like America is an example, of a country that has developed in terms of entertainment (Pearson 2). It is one of the countries that has got and has produced some of the greatest entertainers. The country is one of the leading producers of entertainment in the planet. In addition, it is one of the nations that there is a greater influence of entertainment on the younger generation. The effects of entertainment on the younger generation in America can be said to be both positive and negative. The influence is mostly on entertainment media such as television, radio, and the Internet. The influence on the upcoming generationâ⬠¦show more contentâ⬠¦This is based on what is seen on the newspapers, magazines, or television. The product is seemed to be the best and most people make decisions based on what the media is showing. This creates influence, as people tend to trust the media. The same applies to the younger generation that is exposed to this form of entertainment. Th e effect and influence on the upcoming generation makes them buy what they watch over the televisions. This is mostly influenced by what they consider being their celebritiesââ¬â¢ favorites. The upcoming generation will buy what favorite celebrity has advertised and what they deem to be acceptable in the society. This is based on the fashion that the media has created and imposed on the minds. The influence of the entertainment industry has had an effect on the youthââ¬â¢s obesity and anorexia nature. Many upcoming generations in the country are fighting obesity. This is happening, while, they are exposed to most advertisements that carry junk food advertisements. The advertisements are there, yet, they give ideal images of successful people as wealthy and thin. The women are the ones who are mostly affected with this type of influence. They are so obsessed with loosing even in cases which they are not declared as obese. Many women are thin in the society as they want to resem ble and look like the thin celebrities, and super models that they see in the images, in the entertainment industry. The women, are,Show MoreRelatedThe Media Affects Me?1313 Words à |à 6 PagesThe Media Affects ââ¬Å"Meâ⬠? When was the last time one stopped to think how much time he/she spends on the media, or the last time that one had a face to face conversation? According to the Pew Research Center, the use of smartphones in particular has increased an astounding 33% from 2011 to 2015 (Anderson). The media is affecting the general population, but most of all the development of children in more ways than adults, of which some may cause lifelong problems for the children. The use of the mediaRead MoreThe Media Affects On Police2002 Words à |à 9 PagesMedia Affects On Police Josh Erwin Georgia Gwinnett College Ã¢â¬Æ' There are multiple issues the criminal justice system faces on a daily basis. One of the most recent issues the system faces is the outlook the public has on police officers. As you could imagine police and public relations are very important due to the fact that the police in all actuality work for the people. The police must preserve the rights of all individuals good and bad and without community relations it fosters mistrust, hostilityRead MoreSocial Media Its Affects on Relationships987 Words à |à 4 Pages104 lt;Dategt; March 20, 2016 lt;Instructorgt; Megan Castles Social Media and the Affects it has on Relationships Welcome to the digital age. Todayââ¬â¢s society is constantly logged onto social media sites such as Facebook, twitter or Instagram. It is often over looked how much influence those sites have. They are used regularly throughout people lives, it has practically become part of their routine. Social media keeps people in contact and updated on their relations with family members andRead MoreHow Does Media Affect The Media1834 Words à |à 8 Pagesmanipulated by media because what we see on tv and the internet we do. Such as we see and outfit on tv and commercials or everybody is wearing it so we go and shop for that specific thing at a specific store. And what we see on Instagram or snapchat we think that it is immediatley cool because it was on a social media website. So personally I think todayââ¬â¢s society is controlled by media because it has such a big influence on our social life, which makes us weak because we are letting reality tv, media and ourRead MoreHow Media Affec ts The Way Of Media Consumption2434 Words à |à 10 PagesSummary The research conducts that how extent media are consumed by the contemporary immigrants, who is from East Asia, in London and how they perceive their nationââ¬â¢s news, Britainââ¬â¢s news and International news via certain media. Method of research is one to one interview followed by questionnaires, as well as additional oral questionnaires. Results of interview show that four of five interviewers usually check their nationââ¬â¢s news while do not check Britainââ¬â¢s domestic news. In addition, even theyRead MoreAffect of Social Media on Teenagers725 Words à |à 3 PagesSocial media effect on Teenagers The best way to understand the definition of social media is to break it down. Social media is a relatively new form of communication; itââ¬â¢s a more advanced version of the older forms of communication like television, newspapers and radio. Examples of social networking and Micro blogging websites which are a main part of social media are Facebook, Twitter, MySpace, Tumblr, Google+ etc. In recent times, people have become more accustomed to using theseRead MoreMedia Negatively Affects Body Image1153 Words à |à 5 PagesMedia negatively affects body image. medias are technology based platforms for opinions and facts, and have a wide spectrum of views. Body image must do with how one sees themselves and it can be either positive or negative. Across the board, the biggest platforms media has used to distort the image of the body are social media, TV, and magazines. Body images have been an ongoing controversial issue throughout history, especially with women, but with men as well. As technology grows and furthersRead MoreNegative Affects of Social Media Essay606 Words à |à 3 PagesNgawang Dhondup Sherkis EQS22-07 Wrtg Wkshp 25 February 2013 Social media is like a game. Once you learn and get along with how to use these websites you get addicted to it. For example, now I am addicted to social media. Before I was introduced to social media I did all of my homework and was one of the top students in the class. From that moment I became engage to websites such as facebook, tweeter, ooVoo and instagram. It affected my life pessimistically. For instance, these days IRead MoreHow Violent Media Affects Children949 Words à |à 4 PagesThere is a very important social issue that must be addressed to save our future generations from decline. The social issue I will be analyzing is how violence in media affects children. ââ¬Å"Thus brutality itself becomes at once the means to success and the content of success ââ¬âa success that is defined in its most general terms, not as accomplishment or specific gain, but simply as the unlimited possibility of aggressionâ⬠(Warshow 433). Doing evil deeds to reach a certain lev el of success is how a gangsterRead MoreHow Media Affects Society Essay938 Words à |à 4 PagesHow The Media Affects Society The media is undoubtedly a significant and influential aspect in modern day society. As a means of communication in a world very much advanced in technology, the media touches all types of people through various forms such as the radio, newspapers, televisions etc. The question remains: what information is left unbiased and untarnished? The people within society must sort through the many bits of information fed to them and unfortunately, in most cases, all bits
Sunday, December 22, 2019
The Great Leap Forward Is Well Known For The Failed...
The Great Leap Forward is well-known for the failed economic and social campaign started by the Communist Party of China in between 1958 to 1961. The Communist triumph in China by mobilization of peasants and civilians to fend off Japanese military during World War II and the Nationalist soldiers in the civil war between 1946 and 1949. After the success of using the man power throughout the mobilization, the Party believed that they could apply the same method for the economic development. Before the Communist Party took over the country in 1949, China was in under poor agriculture based economy with its infancy level of industrialization which makes China remaining in less developed country. The majority of the population in the rural area lived upon the labor-intensive farming. In order to alleviate regarding issue, Mao assured that the central government need to induce the nation to focus on ââ¬Å"the transition from socialism to communismâ⬠for the entire country (Mesiner, 1977, p. 227). The socialist state of the nation was yet to be consolidated in the beginning of 1958. The reorganization of the country from socialism to communism portrayed as idealistic idea under impoverished state. Nevertheless, the Party considered this immature state of socialist society as an opportunity to improve the nation as whole. In 1958, the new Chinese Communist Party initiated the Great Leap Forward movement which implementing the collectivization by merging small group of local farmers intoShow MoreRelatedMao Zedong Analysis1294 Words à |à 6 PagesChina., â⬠¦) Mao was the great contributor to united China, brought China out of the oppression of foreign country. From the Opium Wars in between the nineteenth century, Mao Zedong never stopped follow his goal by opened many campaign, and movement that help to develop the modernization of China. Mao was judge about his wrong policies conducted to make the Great Chinese Famine happened between 1959 to 1961 by the campaign of the Anti Right Campaign, the Great Leap Forward happened in 1958 to 1959Read MoreMao Zedong Essay1906 Words à |à 8 Pagesthe name of Mao Zedong. Mao Zedong was a well-known communist leader in china who actually lead the Chinese Communist Party. He is one of the most important people/historical figures in history. At first he was helping China at the beginning of his ruling, nut then his actions had cause China to completely fall and breakout into violence and complete chaos!! Changing the views of his people because whatever good he had done did not matter anymore from his great down fall. During his ruling though someRead MoreThe era of Communist China and the Cultural Revolution963 Words à |à 4 Pagescommonly known today as Communist China (ââ¬Å"History of Chinaâ⬠). Mao Zedong and the CPC supported socialism and Marxism-Leninist theories. Mao realized the need for social reconstruction and adopted the Soviet model for development. Despite the technical and economic problems China faced, Mao was aware of the cultural and political difficulties of the countryââ¬â¢s development. ââ¬Å"He believed that only through controlled conflict could China sustain social changeâ⬠(Solomon 250). After multiple failed attemptsRead MoreThe Significance Of Mao Zedong s Leadership Essay11407 Words à |à 46 Pagesdecisions to help certain groups but also made some very bad decisions that paid the price, in some cases killing millions. Due to the social and economic changes that then followed by a significant increase in the population and weak leadership that led to rebellions from 1911 that saw the end of 3500years of rule by the Chinese imperial dynasties. The social and economic chaos then led to the formation of two political parties. The CCP, led by Mao Zedong and the GMD led by Chiang Kai Shek. Mao and hisRead MoreIndia and China Overpopulation Essays1203 Words à |à 5 Pagescreates an abundant amount of issues ranging from environmental and social problems. Nations attaining copious amounts of population introduce a wide array of problems to the world around and such nations. These environmental problems consist of but are not limited to lack of resources such as food and water; which may cause malnutrition in large populations, poor air quality, and overuse of fossil fuels such as petroleum. Social issues that arise from having a superabundant population consist ofRead MoreA Famous Phrase Attributed To Deng Xiaoping Is The Following:1336 Words à |à 6 Pagescountries employ to limit the influx of foreign, ââ¬Å"westernâ⬠ideas that could threaten the government and the political culture. While there is little doubt that Russiaââ¬â¢s system is less comprehensive and strict than Chinaââ¬â¢s, it still serves its purpose well. Indeed, Internet regulation in Russia and China is highly effective in curtaining freedom, squashing opposition, and preventing the formation of more dissent, all of which could threaten the existence of the government. It is worth evaluating theRead MoreStarbucks Corporation : The Largest Coffee Company2117 Words à |à 9 PagesIntroduction Starbucks Corporation which is known worldwide for their coffee company from Seattle Washington. It is the largest coffee company in the world, with Costa Coffee as their highest competition. Everyone knows what Starbucks is and the quality of their product. (Loxel 2015) When you walk into Starbucks you expect nothing but a good cup of coffee or whatever else your getting Starbucks grew so much in the last couple years. The company now has over 21,537 stores in 64 different countriesRead More China In The 20th Century Essay example2955 Words à |à 12 Pagesenormous changes. From colonialism and imperialism to republicanism, from communism to capitalism, and from underdevelopment to a country maintaining over 10% economic growth for over ten years. In this research paper, I will focus on the transition of China from a Communist command economy to a type of market economy as well as the economic fluctuations throughout this period. In 1949 Oct 1, the Peopleamp;#8217;s Republic of China was established. Before 1949, there was a period of civilRead MoreArt Is A Powerful Tool1858 Words à |à 8 Pagesinfluencing the people of China between 1966 and 1976, as well as why it was so successful. Mao Zedong; as a leader and his image Mao Zedong was one of the founders of the Peopleââ¬â¢s Republic of China and was chairman to the communist nation until his death (Clark, 2008). He had always been portrayed as a super human and even depicted as God-like. He had been named many things such as the Great Leader, Supreme Commander, Great Teacher and Great Helmsman who possesses all the perfect qualities soughtRead MoreChina Research Paper6220 Words à |à 25 PagesDynasty is well known for beginning the Great Wall of China, and it was the first to claim China. The Great Wall of China was to protect China from the invasion of the Xiongnu people from Mongolia. The Xiongnu tribe was Chinas main enemy at that time. The Chinese built theà Great Wallà to prevent them from entering and conquering China. Qin Shi Huang was known for being chinaââ¬â¢s first emperor. Next, was the Han Dynasty, known as the ââ¬Å"Golden Eraâ⬠of China was a period of peace, prosperity and economic growth
Saturday, December 14, 2019
The San Francisco earthquake Free Essays
Earthquake is a shaking of the earthââ¬â¢s surface. According to the theory of plate tectonics, the earthââ¬â¢s crust is formed by a number of large plates that move very slowly in various directions on the earthââ¬â¢s surface. Most earthquakes occur near a boundary between two plates. We will write a custom essay sample on The San Francisco earthquake or any similar topic only for you Order Now As one plate pushes past or over another, great stresses build up in the rock along the edges of the plates because friction prevents them from sliding past each other. Eventually, the stresses become great enough to rupture the rock. The edges of the plates slip a short distance in opposite directions, causing an earthquake. The greater the stresses that have built up, the greater the resulting earthquake is. Some earthquakes are caused by the movement of lava beneath the surface of the earth during volcanic activity. The cause of earthquakes that occur in regions far from volcanoes or plate boundaries is uncertain. An earthquake is accompanied by three types of waves that vibrate the earthââ¬â¢s surfaceââ¬âprimary, secondary, and surface waves. The primary wave alternately compresses and expands the rock of the earthââ¬â¢s interior. This wave moves through the earth at a speed that varies greatly. Under some conditions it is about five miles per second. The secondary wave shakes the rock sidewise as it advances. It travels through the interior of the earth about three-fifths as fast as the primary wave. While the Surface wave is the most damaging, resembles the waves produced when a stone is dropped in a puddle. The surface of the table has not vibrated more than a fraction of an inch. This is why a slight tremor in the earth can create havoc on the surface. Moreover, earthquakes toppled entire cities, killed thousands of persons, and caused disastrous fires and oceanic waves (tsunamis). However, most earthquakes, of which there are thousands each year, are relatively weak and cause little or no damage. No part of the world is entirely free of earthquakes, but they occur most frequently in areas in which the earthââ¬â¢s crust is still changing. These areas, called earthquakes belts, include the shores of the Pacific Ocean and an area extending from south-central Asia to the Mediterranean Sea. Major earthquakes often leave visible signs of their power, altering features on the earthââ¬â¢s surface. Reelfoot Lake in northwestern Tennessee was created by a series of earthquakes centered on New Madrid, Missouri, in 1811-12. The San Francisco earthquake of 1906 was associated with the great San Andreas Fault in California, a fracture in the earthââ¬â¢s surface that can be traced for more than 500 miles. An earthquake, even a small one, may be accompanied by a low, rumbling sound like thunder. The vibration of a mild quake feels like that caused by the passing of a heavy train. Large quakes are usually followed by many smaller quakes called aftershock. Aftershocks can occur during a period of several months after the original quake. How to cite The San Francisco earthquake, Papers
Friday, December 6, 2019
The inadequacy of agency theory and labour - MyAssignmenthelp.com
Question: Discuss aboutThe inadequacy of agency theory and labor. Answer: Introduction Bucks Phyz is a company that has a medium size and obtains an annual turnover of $2.5 million. The particular issue that has been highlighted in the question is that the accountant of the company has been asked to review the sales process of the company on the basis of the key information that has been derived from the staff interviews. As mentioned in the case study the company has gone through a restructuring program within the sales team which hugely impacted the operating environment of the company. It has been further mentioned in the case study that the change in the key personnel might have affected business. Bucks Phyz also has been going through fraudulent behavior in the accounts department. Therefore, the present circumstances of the company are such that it cannot afford to incur any kind of revenue leakage. Thus, the internal control that is needed to be implemented within business has been evaluated in this particular study. Moreover, the decision of the introduction of the corporate credit cards has been analyzed. This study aims to provide an understanding of the internal controls that are an essential part of corporate governance and the how these controls effectively enhance the successful carrying out of the business operations. Overview of the sales process The particular sales process that has been adopted by business revolves around the new pricing tool that is utilized by the sales managers for the accurate calculation of the prices of the offers that are sent out. The particular fact that should be noted here is that the authorization in regards to the sales process is not adhered to, strictly by the managers. The Head of Sales, Barry has evidently stated in his interview that tough there is a standardized process in relation to the authorization policy, it has still not been mapped. The other issue associated with the sales process is that the standard contract template is not of desired quality. Lastly, the credit check process that involves the checking of the credit worthiness of a particular customer appears to be error free. The credit worthiness of a customer is checked from the agency website and the credit is granted to the customer if the rating is anything other than C. If the rating is C then a different payment method h as to be negotiated. Internal control issues in Buck Phyz sales process The effective reviewing of the sales process has led to identification of the following weaknesses in the business operation of the firm. Sales Process Internal control weakness Impact Recommendation Data entry The new customer data that is entered into the pricing template is not reviewed effectively as this according to the management would be irrational and would affect the cost benefit ratio (Mihret, 2014). The impact that such a internal control weakness could have is that the data related to customer might be wrongly entered into the system which could lead to potential loss of customer or may tantamount to breach of customer data security (William, Glover Prawitt, 2016). Segregation of duty in regards to the responsibility of reviewing the data that is entered into the pricing template would be beneficial for business. the particular recommendation that is applicable in such a situation is appointment of an employee in reviewing the pricing template data New Pricing tool The new pricing tool that has been incorporated in business needs the managers to be effectively trained for the optimal utilization of the tool (Mihret, 2014). The lack of effective training might lead to the wrong calculation of the offer prices which may affect business in a negative way (Li, 2015). Proper training in the utilization of the new pricing tool should be provided Authorization Policy The standardized process that is set up by the management in regards to the sales authorization policy is not strictly followed by any manager. This fact is known by the Head of Sales and is effectively supported as according to his opinion the existence of certain issues and constraints might restrict the adherence to the standardized process. (Boyle, 2015) The fact that the non compliance to the standardized process to the authorization policy is permitted by the managers, broaden the scope of fraudulent activities by the managers. The managers may send offers to the customers at prices that are much greater than the real value of the offer (DeFond Lennox, 2017) The standardized process that has been established by the management should be modified and the strict adherence to such a process should be mandated in order to avoid the occurrence of fraudulent activities Credit Check Process The particular credit check process incorporated and utilized by the company appears to be without error. However, the particular issue that is reported by Lucinda is that there have been several instances in which the credit checks had been performed on new customers after the sales contract was signed by the both the parties and that the invoices had been issued. Therefore, the lack of strict adherence to the credit check process may lead to the granting of credit to the unworthy customers that may lead to a potential loss (Mitra, Song, Yang, 2015). The impact that the lack of adherence to the credit check process may have is that it may lead to a huge loss incurred by the company as the credit may be granted to a party who is unable to repay it (Abernathy 2015). The evaluation of a particular customer in terms of credit worthiness should be mandatorily executed. The system should be such designed that omitting to check the credit worthiness of the customer would not permit a manager to go forward with the particular deal. Introduction of corporate credit cards The introduction of the corporate credit cards may turn out to be hugely profitable for business stated that the transactions for the purchase of services or products that are processed via the credit cards are applicable and really necessary for business. The introduction of the corporate credit cards broadens the risk scope of business by leaps and bounds. However, the numerous advantages that are enjoyed by business due to the providence of the corporate credit cards cover up for the potential risks faced by the business. The introduction of the corporate credit cards will effectively reduce the hassles that are related to the transfer of payments by the company to the suppliers account. Furthermore, the introduction of the corporate credit cards will also hugely simplify the process of reimbursement thus, reducing the cost of operations (Knechel Salterio, 2016). The particular internal control that should be implemented by the management of BucksPhyz in order to minimize the impact of the risks related with the introduction of the corporate credit cards is that a particular team should be formed in order to monitor the transactions that are conducted via the corporate credit cards. The finance department staff should be selected in order to form the group for the purpose of authorizing the transactions that are incurred with the corporate credit cards so that no fraudulent activities are carried out (Wu Tuttle, 2014). The particular recommendation to the CEO of the company would be that the issuance of the corporate credit cards should only be restricted to the key personnel, who are involved with the core processes of business. For instance, the situation that has been mentioned in the booking of the training course could be paid for, by the corporate credit cards that would have been allotted to the core human resource personnel after proper authorization by the finance team (Abbott, 2016). References Abbott, L. J., Daugherty, B., Parker, S., Peters, G. F. (2016). Internal audit quality and financial reporting quality: The joint importance of independence and competence. Journal of Accounting Research, 54(1), 3-40. Abernathy, J., Hackenbrack, K. E., Joe, J. R., Pevzner, M., Wu, Y. J. (2015). Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on PCAOB Staff Consultation Paper, Auditing Accounting Estimates and Fair Value Measurements: Participating Committee Members. Current Issues in Auditing, 9(1), C1-C11. Boyle, J. F., Gramling, A. A., Hermanson, D. R., Hermanson, H. M. (2015). 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