Ribbon of Faith Essay

Lace of Faith Essay Lace of Faith Essay Lace of Faith We intend to make a gathering for individuals that simply need somebody to get them out, and we will potentially do this secretly, on the grounds that most don’t need to tell their issues, due to how individuals will take a gander at them for what imperfections they discuss to attempt to find support. We additionally need to make banners that could make somebody grin when they stroll by it in the corridors in the event that they are considering modest themselves. We aren’t proficient specialist, yet we have heard and witnessed such a large number of things when somebody doesn’t find support or responds in due order regarding their issues. About being mysterious as we do this is the point at which we pose inquiries they will either share out on the off chance that they wish or record it on a bit of paper, and we won't have them put names, and put it in the basin in private so it remains with them. We will attempt our best with noting or offering the input of the s ubject on the note, and answer it for the individual and everybody around us so they can comprehend, and they all can give methods of aiding as we as a whole discussion about the note, and that is the way it would go on. Presently, you most likely need to think regarding why it would be unknown asking: It is only that we like to have our inquiry replied without being decided by others. This is conceivable with the manner in which we have things set up. We will have a pail in a different room/storeroom/space so they can place their notes in it. I have gone onto a site called: beatbullying.org/to see whether this is acceptable, and the greater part concurred that it would be very

Math Essay Example | Topics and Well Written Essays - 1000 words - 1

Math - Essay Example In this way, guess, the charts of the sine capacity and its subsidiary cosine work are sinusoids of various stages for example the subordinate is likewise a sine work with a stage move of (or) is valid. For making diagram of above sine capacity and its subsidiary capacities, there will be need of taking estimation of consistent ‘a’. When all is said in done, the ‘a’ is called as sufficiency of the capacity. Figure 3 shows the various charts of sine capacity and its subordinate capacity for various estimations of ‘a’ (for example 2, 3, and 5). From above figure 3, clearly the diagrams of the sine and it subsidiary cosine capacities (for various estimations of ‘a’) are sinusoids of various stages. The subsidiary is additionally a sine work with a stage move of (or). Here, the steady ‘a’ (plentifulness) various qualities just change the state of the sine and cosine capacities. As the estimation of ‘a’ (either positive or negative) builds the state of the bend will likewise changes and it goes a long way from x-hub. The above guess for can be checked by charting also as confirmed for before, as appeared in figure 2. For same estimations of consistent ‘a’, all the charts of capacity, and will be comparable and will follows a similar way. In this manner, it tends to be said that all the capacities speak to a similar capacity, which is subordinate of capacity. From table 2 clearly all qualities for subordinate capacities are same (third, fourth and fifth segment). Consequently, guess, the charts of the sine capacity and its subsidiary cosine work are sinusoids of various stages for example the subordinate is likewise a sine work with a stage move of (or) is valid. From figure 1 and figure 4, it very well may be considered that to be the estimation of b expands, the quantity of cycle for and for, additionally increments. For b = 1 the quantity of cycle is 2, and for b = 2, 3, and 5 the quantity of cycle is 4, 6 and 10 separately. Furthermore, for subsidiary capacities the abundancy

Why rTMS Might Be Worth Considering If You Have OCD

Why rTMS Might Be Worth Considering If You Have OCD OCD Treatment Print Repetitive Transcranial Magnetic Stimulation By Owen Kelly, PhD Medically reviewed by Medically reviewed by Steven Gans, MD on August 05, 2016 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on August 08, 2019 BSIP/UIG / Getty Images More in OCD Treatment Causes Symptoms and Diagnosis Types Living With OCD Related Conditions Repetitive Transcranial Magnetic Stimulation  (also known as rTMS or Repetitive TMS) is a relatively non-invasive procedure that involves placing a small magnetic device directly on the skull. This sealed device contains a coil of wire that carries electricity and produces a magnetic field similar in strength to a magnetic resonance imaging (MRI) scan. The flow of electricity that pulses through the device to targeted areas causes cells in the brain called neurons to become either more or less active. How rTMS Works The activity level of neurons has been linked to symptoms of mental illness, like obsessive-compulsive disorder (OCD), which helps explain the theory behind rTMS.  Specific brain regions can be stimulated repeatedly to cause long-lasting changes in the activity of the neurons. It is thought that these changes may lead to a decrease in symptoms, though the treatment is new enough that studies are still being done. The side of the brain and brain area targeted often depends on the illness being treated. History of the Treatment rTMS was initially introduced in 1985 as a less damaging form of the older and much more invasive electroconvulsive therapy (ECT). In 2008, the FDA approved it for use in the United States with depression that has not been treatable with at least one medication. It has also been approved in New Zealand, Australia, Canada, Israel, and the European Union for use with depression that does not respond to other treatment. The effectiveness of rTMS for other disorders, such as schizophrenia, stroke, brain injury, anxiety, migraine, and pain is still being researched. Safety and Side Effects rTMS is generally considered safe when used in accordance with established guidelines, although some patients report experiencing headaches, scalp discomfort, light-headedness or muscle tightness or tingling. An epileptic seizure is more serious, although rare, side effect of TMS and usually only occurs if the patient has a history of seizures.  rTMS cannot be used in patients who have a pacemaker or certain metal implants or devices. What You Can Expect Repetitive TMS treatments can be given once a day or many times a day for days or weeks at a time, depending on the treatment protocol. Typically, sessions last anywhere from 20-60 minutes and are given five days a week for about six weeks. No anesthesia is used, meaning that you are awake, but it is painless, though you may feel a light tapping or knock in the head. You may choose to wear earplugs since the treatment tends to be noisy. The treatments long-term effects seem to last for at least six months, though a maintenance therapy, such as a medication or psychotherapy, may be needed as well. Further treatments may be necessary later if symptoms return. Your doctor will continue to monitor you after completing treatment. Because its effectiveness is variable and not well-established, rTMS is not used as a primary treatment. However, because it is so non-invasive and has few side effects, it can be a good option for people in search of alternative ways to combat mental illness or pain, particularly if other treatments have failed. Talk to your physician about whether or not rTMS might be right for you.

The Abraham Friedman Occupational Center - 889 Words

Throughout the program, my placement was set at the Abraham Friedman Occupational Center. The students were predominantly Spanish-speaking adults who lived in downtown Los Angeles. The program was ESL Intermediate High B that integrated language skills. Since October last year, I devoted seventy hours to observation and taught four lessons totaling five hours. The guiding teacher Mr. Buckley was an inspiring educator who created a variety of classroom activities. Analysis I benefited from the observation experience both as a language learner and a potential ESL teacher. When I started the practicum, I had little teaching experience. I never attended any English learning program in the United States, and its interactive teaching style surprised me. I thought to myself that being interactive should mean spontaneous and going with what s happening in the classroom. I came up with the first lesson in just an hour. It was when I reviewed my first teaching video that I found how powerful the reflective cycle was. It helped me slow down thinking so that I can attend to what is rather than what I wished were so, and then to shift the weight of that thinking from my own teaching to students learning (Rodgers, 2002, p. 231). It looked like in the first TLE I wasn t teaching at all. Then I started to reread the Rogers article for help and was able to dig out more information that I overlooked before. When I select my content, I wanted it to be socially relevant and specific. IShow MoreRelatedTeaching And Learning Style At The Abraham Friedman Occupational Center934 Words   |  4 PagesIntroduction 　　　Throughout the program, my placement was set at the Abraham Friedman Occupational Center. The students were predominantly Spanish-speaking adults who immigrated from South America and Central America to downtown Los Angeles. The program was ESL Intermediate High B which integrated all language skills. Since October last year, I devoted seventy hours to observation and taught four lessons totaling five hours. Mr. Buckley, the guiding teacher, was an inspiring educator who created aRead MoreHuman Resource Management, 12e (Dessler) Chapter 4 Job Analysis12516 Words   |  51 Pages127 Chapter: 4 Objective: 2 Skill: Concept 44) Experts at the ________ performed the earliest form of job analysis and published the Dictionary of Occupational Titles. A) EEOC B) DOL C) BLS D) DHS E) PAQ Answer: B Explanation: The Department of Labor performed the earliest work in job analysis which resulted in the Dictionary of Occupational Titles. The book contained detailed information on nearly every job in America based on ratings of data, people, and things. The DOL work eventually ledRead MoreFundamentals of Hrm263904 Words   |  1056 Pagesotherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, faxRead MoreHuman Resources Management150900 Words   |  604 PagesEconomic and technological change Workforce availability and quality concerns Demog raphics and diversity issues Organizational restructuring Economic and Technological Change Several economic changes have occurred that have altered employment and occupational patterns in the United States. A major change is the shift of jobs from manufacturing and agriculture to service industries and telecommunications. This shift has meant that some organizations have had to reduce the number of employees, while othersRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagespersonalizes course content and provides robust assessment and reporting to measure student and class performance. All the resources you need for course success are in one place—flexible and easily adapted for your course experience. Instructor’s Resource Center At www.pearsonhighered.com/irc, instructors can access a variety of print, digital, and presentation resources available with this text in downloadable format. Registration is simple and gives you immediate access to new titles and new editions.Read MoreInternational Management67196 Words   |  269 Pagessimulations on the Online Learning Center complete the package. To help instructors teach international management, this text is accompanied by a revised and expanded Instructor’s Resource Manual, Test Bank, and PowerPoint Slides, all of which are available password protected on the Online Learning Center at www.mhhe. com/luthans8e. Two other innovations new to the eighth edition are an additional case, Nokia Targets the Base of the Pyramid, available on the Online Learning Center (www.mhhe. com/luthans8e)Read MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change .163893 Words   |  656 Pagesor the broad economic forces that generate migration. But at the same time, no migrant experience can be understood in isolation from the pervasive categories of migration control such as guest worker, permanent resident, family reunification, occupational preferences, asylum seeker, refugee, illegal, undocumented, and irregular. A global perspective on twentieth-century migration history is grounded in two interlinked perspectives: (1) a broad picture of migrations around the world as embeddedRead MoreDeveloping Management Skills404131 Words   |  1617 PagesHunt, Rockhurst College Daniel F. Jennings, Baylor University Avis L. Johnson, University of Akron xx PREFACE Jay T. Knippen, University of South Florida Roland Kushner, Lafayette College Roy J. Lewicki, Ohio State University Michael Lombardo, Center for Creative Leadership Charles C. Manz, University of Massachusetts–Amherst Ralph F. Mullin, Central Missouri State University Thomas J. Naughton, Wayne State University J. Randolph New, University of Richmond Jon L. Pierce, University of Minnesota

Should the Use of Wind Energy Be Encouraged - 964 Words

Should the Use of Wind Energy Be Encouraged? Fossil fuels are having great impacts toward nature such as global warming and greenhouse effect. Plus, the depletion of it contributes to the rising price of petroleum. Therefore, wind power rise as it is a source of clean, non-polluting renewable energy (Nash, 2008). This type of energy generation provides us with loads of benefits environmentally and economically. On the environmental aspect, wind energy does not contribute to pollution as almost no waste materials that contribute to pollution are produced by the usage of wind power (Wright, 2005). For example, in the States, wind plants compensate the emission of than 2.5 billion pounds of carbon dioxide and 15 million pounds of other†¦show more content†¦Deal, 2010, ‘Wind Power: An Emerging Energy Resource’, Technology and Engineering Teacher, pp. 9-15, viewed on September 12, 2011, retrieved from: http://search.proquest.com/docview/853062621/fulltextPDF/13255EC175479D10C7A/1?accountid=42518 Article: Sue Wright, 2005, Wind power – what you need to know, viewed on August 15, 2011, retrieved from: www.environmentaction.org.au BIBLIOGRAPHY Journal: R Billinton, D Huang, 2010, ‘Wind power modelling and the determination of capacity credit in an electric power system’, Proceedings of the Instituition of Mechanical Engineers, Part O: Journal of Risk and Reliability, pp. 1-9, viewed on September 12, 2011, retrieved from: http://pio.sagepub.com/content/224/1/1 Journal: Walter F. Deal, 2010, ‘Wind Power: An Emerging Energy Resource’, Technology and Engineering Teacher, pp. 9-15, viewed on September 12, 2011, retrieved from: http://search.proquest.com/docview/853062621/fulltextPDF/13255EC175479D10C7A/1?accountid=42518 Article: Z. Perry, 2008, Advantages and Disadvantages of Wind Power, viewed on October 1, 2011, retrieved from: http://zperry.hubpages.com/hub/advantages-disadvantages-wind Article: James Nash, 2008, Advantages and Disadvantages of Wind Power, viewed on October 1, 2011, retrieved from: http://jamesnash.articlebase.com/environment-articles/advantages-and-disadvantages-of-wind-power-535693.html Bulletin: Tom Zeller Jr., 2010, ‘For Those Near, The Miserable Hum of Clean Energy’, New York Times, viewed onShow MoreRelatedCanada s Energy Policy Should Be Beneficial1109 Words   |  5 Pagesbiggest energy producer in the world. Currently Canada is ranked 5th in regards to its production of energy in the world. Canada’s energy policy, should revolve around the natural resources and their optimum use to produce cheap and clean energy, which should be environmental friendly. Our policy should be beneficial for all the Canadians living in different parts of the country and that the policy should not discriminate among the provinces. Canada is also the biggest consumer of the energy in theRead MoreCanada s Energy Policy Should Be Beneficial1173 Words   |  5 Pagesthe biggest energy producers in the world. Currently Canada is ranked fifth in regards to the production of energy. Canada s energy policy should revolve around the natural resources and their optimum use to create cheap and clean energy, which should be environmentally friendly. Our policy should be beneficial for all the Canadians living in different parts of the country and that the policy should not discriminate among the provinces. Canada is also the biggest consumer of the energy in the worldRead MoreShould we go Green or Black?709 Words   |  3 PagesShould we go green or black? It is high times that we have to decide upon to which color we cling on to –green or black. Before that, we have to decide on about ourselves and our future generations. Are we expecting to see our sons and daughters to prosper or perish? I hope no parents will like to see their children perish, but to see them having more comfortable life than they had. So, we have to be green, not only for us, but also for our future generations and thus to save our mother planetRead MoreSite Analysis in Dubai1604 Words   |  6 PagesThe span of day differs significantly throughout the year with the shortest hours of daylight being 10:34hrs and the longest of 13:43hrs. iv. Sun Direction: (Figure 1) v. Wind Direction: The configuration of wind in Dubai is controlled by three different wind phenomena: synoptic winds, Shamal winds, and thunderstorms. The wind in Dubai comes from the Northern West direction. c. Site Opportunities The location and environmental factors affecting the given site give us a set of opportunities whichRead MoreWind and Solar Generated Electricity Essay1168 Words   |  5 Pagesfor a global metanoia is encouraged. The breakdown of coal to create electricity becomes more and more frowned upon each day by environmental activists, the call for a greater proportion of alternative power such as wind and solar is recommended. The question is often posed as to which alternative energy source is leading the market in terms of efficiency, effectiveness and economy. After thorough research into the physics concepts and economic statistics of solar and wind power sources, it can beRead MoreThe Best Type Of Energy1400 Words   |  6 Pagesof how to use alternative energy in order to save the earth from burning fossil fuels. Burning these, causes major air pollution and can be detrimental towards the health of thousands of populations. The best type of energy is photovoltaic energy because it p ossesses many advantages and it outshines the other alternative sources. In one day, the amount of sunlight shining over the United States is over 2,500 times the entire country’s daily energy usage combined. Photovoltaic energy is used toRead MoreThe Influence Of Tax Credits755 Words   |  4 PagesThe Influence of Tax Credits The impetus behind the tax credits appears to be two-fold. As taxpayers work to improve energy efficiency, decreasing usage, and lessening the environmental impact of their daily activities, they may receive financial rewards based on their actions. The offer of tax credits is an attempt to achieve a certain behavior from the consumer. However, two important things must take place before the consumer takes action. First, the consumer must be aware that a tax creditRead MoreGoogles Attempt to Reduce Environmental Impact1252 Words   |  5 Pagesdoing day to day business. When an active user, uses one month of Google services, they use less energy driving a car one mile. Google’s carbon footprint is zero. I know this because from research it says â€Å"Google are committed to go beyond carbon neutral by donating over 1 billion dollars to renewable energy projects that create far more renewable energy for the world than Google consumes.† As well as this their products enable users to save energy themselves. However no matter how hard Google haveRead MoreThe Federal Government Should Work On Promoting Either Nuclear Or Solar Energy1227 Words   |  5 Pagesgovernment should work on promoting either nuclear or sol ar energy. Energy is important for survival on a daily basis. In fact, the development of any nation depends on the long-term availability and increase of clean and safe energy that also supports the environment. Currently, no energy source can be said to be sufficiently capable of meeting future needs that a nation requires. It is important therefore to promote any particular type of renewable energy. Promoting and enhancing solar energy wouldRead MoreShould The Usage Of Non Renewable Source Of Energy Decrease?1241 Words   |  5 Pages2016 Should the Usage of Non-Renewable Source of Energy Decrease? Energy is defined as the ability to do work that can neither be created nor be destroyed, can only be transfer from one form of energy to other. There are many kind of energy such as mechanical energy, potential energy etc. In our daily life we need different types of energy resource in each and every time to do our work such as we need electricity to run our electrical devices, gasoline to drive our vehicle and so on. Energy are produced

Medication Administration Safety Free Essays

The 2013 National Patient Safety Goals Standards (NPSGS) recognize that at certain points in the health care process, a risk is present for error. Even a single error represents the risk of serious harm to the patient, with attendant negative consequences for the health care professional involved in the error. The NPSGS have been established to present procedural safeguards against the possibility of these errors. We will write a custom essay sample on Medication Administration Safety or any similar topic only for you Order Now If the safeguards are consistently followed, the risk of errors will decline, with benefits to patients and health care professionals as well. The process of prescribing and dispensing medication to patients comprises a critical juncture in patient care. The process involves a number of risk points during which errors can occur. The NPSGS establish procedural safeguards in order to protect patients from medication administration errors. The standards also serve to protect health care personnel from the personal and professional consequences of making such errors. The NPSGS for medication administration involve recommendations for the following risk points: medication reconciliation, proper identification of a patient prior to dispensing medication, and correct labeling of medication once it has been removed from its original packaging. Medication reconciliation is an important patient safety issue. Reconciliation involves obtaining information on all the medications that a patient is taking, and making sure that no duplication, incorrect prescriptions or conflicting prescriptions exist in the list of medicines. Many patients take more than one medication, and administration of medication to these patients is often complex. In order to avoid health complications from errors in medication administration, it is important that a clinician compare the medications that a patient is already receiving with new medications that have been ordered for the patient (The Joint Commission, 2012a, p. 2). Reconciliation of medication is done to detect discrepancies in the prescriptions for a patient. Discrepancies in medication administration can have an adverse effect on patient health outcomes. Discrepancies in the  medications for a patient may involve duplication of medicines, omission of needed medications, undesirable interactions between medications, or the need for a decision by a clinician regarding whether to continue a medication (The Joint Commission, 2012a, p. 2). Clinicians use specific information to reconcile discrepancies. This may include the name of the medication, the dosage, the frequency of use (even if only occasional or as needed), the route used to administer the medication such as oral vs. intravenous, and the reason for use (The Joint Commission, 2012a, p. 2). A second risk point for patients during medication administration involves coordination of information between health care providers regarding the medications used by a patient. Once again, a patient may be taking numerous medications, and when a patient is admitted to a care facility or visits a clinic, this information is important for planning care. Gaps in this information can result in medication administration errors. The NSPGS recommend coordinating medication information between health care providers during the transition of a patient within and outside of a health care organization in order to perform medication reconciliation (PC.02.02.01). For example, when a patient is admitted to a hospital, it is important that the complete list of medications that they are taking is available to the admitting health care professionals. If the patient has been treated by physicians outside the hospital and has been prescribed medication by them, the admitting health care professionals need this information. The NSPGS also advises that health care professionals provide patients with education on the safe use of medications, especially if they are discharged from the care facility. The NSPGS reminds care providers that patients need to be reminded that if one of their prescriptions is changed by a care provider, all other care providers should be informed of the change (The Joint Commission, 2012a, p. 2). New requirement in the NSPGS state that health care personnel are now required to inform the patient about the importance of keeping this information updated. Clinicians must know whether a patient is taking medication, and which ones they are taking in order to plan the best care, and to provide appropriate treatment and services (The Joint Commission, 2012a, p. 2). The patient must be reminded of their own  responsibility to inform care providers of which medications they take, and of changes to the medications. There are five goals stated within the NSPGS regarding medication reconciliation. These are: 1) to obtain and/or update medication information for the patient upon admission, or during the first point of contact. The list of medications that the patient has been taking at home should be compared with those that have been recently ordered for the patient. Any discrepancies should be immediately resolved by a clinician. This information should be stored in a list format that is easily accessible to other clinicians. The list should include medications that are taken only as needed as well as those taken according to a schedule. Yet patients are frequently unable to communicate this information clearly due to illness or other handicaps. Since it is often difficult to obtain this information from a patient, the NSPGS notes that a good faith effort will be considered adequate. 2) To make certain that health care facilities define requirements regarding patient medication administration. The health care facility should clearly define the type of medication administration information that will be obtained according to various settings and circumstances. This type of information includes name of drug, dosage, route, frequency of use, and purpose. 3) A qualified clinician should compare medications currently being administered to the patient with new ones that are ordered in order to detect discrepancies. 4) When the patient leaves a health care setting such as a hospital, to provide the patient or caregiver (such as family) with written information regarding medication that should be taken. 5) Inform the patient of the importance of managing their medication information so that it is updated as changes in prescriptions occur (The Joint Commission, 2012a, p. 2). Another risk point of medication administration involves giving medication to the wrong patient. Administration of medication to the wrong patient is  an error that can occur in any stage of diagnosis or treatment. In order to avoid these medication errors, the NPSGS recommend the use of at least two patient identifiers when administering medication. For banded patients, the correct identifiers to use are the patient name printed on band, and the account number of medical record number, which is also printed on the band (Compau, 2013, p. 16). Since the patient’s room number or location is not an adequate identifier, it may not be used for this purpose (The Joint Commission, 2012b, p. 1). In health care setting such as clinics, a patient may not be banded. For non-banded patients in a clinical environment, the process for proper identification includes asking the patient to state their name and date of birth (Compau, 2013, p. 16). Of equal importance, the NPSGS recommend that all medications that have been removed from the original packaging be labeled. These include all medication containers such as basins, syringes, and medicine cups. Medications that are transferred to containers that are unlabeled comprise a safety hazard. This action leaves a margin for error that may result in tragic consequences for the patient. It is not enough for a health care provider to assume that they know what is in the container (The Joint Commission, 2012b, p. 3). A sterile pen and label must be used to mark all solutions (Compau, 2013, p. 23). Labeling must be done whenever a medication is transferred from the original packaging to another container. This is done so that even in a busy medical environment, with several health care professionals at work, the possibility of administering the wrong medication to a patient is reduced. Even in a procedural setting where only one medication is being used, the medication must be labeled if it is removed from original packaging and is not going to be administered immediately. This protects the patient by reducing the risk of error to a minimum. If an unlabeled container holding medication is found, it must be discarded immediately, as a safety precaution. It is not appropriate for any health care provider to assume that they know what is in the container. Discarding the medication eliminates the risk that the medication is something other than what may be assumed. Further, even medication containers that are clearly labeled must be removed and  discarded, along with the contents, when a procedure is done (The Joint Commission, 2012b, p. 3). The NSPGS address the risk factors that are inherent in providing the highest standard of medical care for patients. The standards that address administering medication to patients are designed to reduce the likelihood of human error or lack of information from harming a patient. At certain points in the process of giving medication to a patient, the likelihood of errors rises. As the result of careful analysis of how the medication administration process is conducted, and how errors occur and have already caused harm to patients, the NSPGS have established the current safeguards. How to cite Medication Administration Safety, Papers

Hip Hop Compare and Contrast free essay sample

Originating in the sasss among the African American and Latino communities, Hip- hop was born in South Bronx, New York City. Hip hop Is a music genre that has a consistent backing beat, while the beat Is playing the lyricist rhythmically speaks over the beat, which has become known as rapping. Throughout the ass and ass hip-hop gained popularity with major artists such as OPAC, Biggie Smalls, Dir Deer, and The Sugar Hill Gang. In the early days of hip hop, rappers primarily speak of their struggles in life. Several actors lead to the popularity and wide spread of hip hop, primarily the fact that many people could relate to the lyrics. Being brought up in a community where its generation after generation of poverty, lyricists rap about their drug use, troubles with police, and their inability to leave the vicious cycle. A prime example would be OPAC Shakers changes. We will write a custom essay sample on Hip Hop Compare and Contrast or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Over time the hip hop Industry has changed, new school was born in the late ass and early sass until the present time. It appears artists and listeners have lost sight f what hip-hop originally stood for.Songs are primarily about three things, drugs, money or women. A few examples of artists that have adopted this style would be Ill Wayne, Soul]a Boy and Young Jeez. Bone Thugs N Harmony was a popular old school group, they had attempted to make a comeback recently with the release of their album Strength and Loyalty. However, they maintained their previous style, which the mainstream did not adopt. As a result, the album was not very successful and the band has fallen to mediocrity. In my opinion I prefer old school hip hop rather than new school.It Is very apparent that artists of the older generation are more creative than the newer. They rapped about a broad range of topics, making each artist sound different and unique. To some extent It Is evident In new school hip hop; however, It Is not emphasized or appreciated. Todays hip hop lacks the creativity, as every song is generally about the same topic, just different beat. All in all, I remain a hip hop fan whether it is old school or new, my preference is clearly the former.

Barack Obama - State of the Union Address 2014 free essay sample

mass incac. 1 Essays - Crime, Penology, Free Essays, Term Papers

mass incac. 1 Essays - Crime, Penology, Free Essays, Term Papers The problem of mass incarceration in America is only gradually getting worse as time passes. "The United States now locks up a higher percentage of its population than any country in the world. The more than 2 million people who are incarcerated today make up roughly eight times the number in 1975. Moreover, those in prison are disproportionately African-American and Latino, and much of the increase in prison population over the last decade and a half has been driven by those sentenced for nonviolent drug or property crime". ( Jacobson 8). Michael Jacobson believes that he has found the solution to the this problem and he explain it in his book, "Downsizing Prisons : How to Reduce Crime and End Mass Incarceration". First Jacobson calls on decreasing the spending on incarceration. Less spending on incarceration and, as an alternative, more spending on economic or community development. " The argument is that spending now on prevention will result in greater social justice, reduced incarceration, and less spending on criminal justice and corrections down the road" ( Jacobson 10). 80 billion dollars a year are spent on corrections facilities alone while the Board of education has only a 68 billion dollar discretionary budget. I agree with Jacobson stance on this. It cost around 31,000 to be incarcerated for one inmate for a year. The tuition is around 10,000 in public state universities. There is no way that it should be more expensive to attend your local correctional facility than to obtain an education. While a emphasis is placed on murders and rape when it comes to the justice system, a large population of criminals in prisons are guilty of petty crimes such as theft. If resources were made available to place with poverty and low income families rather than funds being poured in the the local prison I believe that reform and change would be made. Second Jacobson calls on the the removal of mandatory sentences. Jacobson states that , "It is precisely in the area of sentencing and, in particular, mandatory sentencing that state legislatures have acted precipitously and with little regard for extant research. The harmful effects of prison to prisoners and their communities on the hugely disproportionate incarceration of minorities on misguided sentencing policies in the form of more mandatory sentences"( Jacobson 27). Jacobson considers mandatory sentencing unjust. "A judge does not have the authority to tailor the sentence to the specific facts. Therefore, someone who was an unimportant part of a drug conspiracy might be stuck with the same minimum sentence as someone who was the ringleader behind the crime. Mandatory sentencing laws also do not allow plea bargains, so even if the prosecutor wants to offer a reduced sentence for a plea, they cannot" ( Jacobson 28). I do not agree with Jacobson and his stance on this sub ject. Mandatory sentences make sure that wealth and position in society do not play a role in how much time you get. For example if someone who is rich commits aggravated sexual assault and someone who is poor commits the same crime, in theory they should both get either life in prison or execution. Mandatory sentencing is on the right side of justice in my eyes. When people who have committed the same crime are treated equally under the law. There are too many judges who are either not competent to do their jobs, or who inject their own personal opinions into their decisions. The result is a very flawed system that needs to be as black and white as possible. Lastly Jacobson calls for decrease of those incarcerated for drug offenses. First, "In 1986, the first Anti- Drug Abuse Act passed Congress and was signed into law by President Reagan. This law imposed 29 new mandatory minimum sentences for drug offenses; the bill also created the five-year minimum sentence that equated the crimes of selling 500 grams of cocaine and 5 grams of crack.". This began a "war on drugs" that has carried unto how the justice system works today. Jacobson believes that we should decrease those incarcerated for drug offenses who are non violent because those who suffer from substance abuse need rehabilitation and while that was the

Journal Essay Example | Topics and Well Written Essays - 250 words - 53

Journal - Essay Example There has been an increase in cyber bullying and computer harassment, raising concerns among the public. As a result, measures to put to an end these unethical practices have been put in place in order to protect individuals’ rights and freedoms (Laudon & Traver, 2012). For instance, there has been institution of anti-harassment regulations by workplaces, schools, social working sites, and internet service providers among others in order to prevent cyber bullying and harassment. The use of websites has become popular in technical organizations, helping in communication within an organization. Websites have been designed by scientists and engineers in various fields in order to ease operations in an organization, and also to ensure global expansion of business operations. A website constitutes of correlated webpages that have been connected in to an entire document. These documents used by individuals in grasping information concerning a certain organization. People read through the website from one type information to the other visually, or by scanning. There are various features of a website that include home page, page, note page, site maps, search engines, linking, and navigation bar among others (Laudon & Traver, 2012). As a result, websites have played an imperative role in ensuring efficiency in

International Taxation - International Taxation and Foreign Tax Research Paper

International Taxation - International Taxation and Foreign Tax Credits - Research Paper Example However, in reality the U.S. government ignores this concept of neutrality and imposes taxation on profits earned by U.S. companies in any country outside the border. Thus, U.S. companies who seek to spread businesses overseas are burdened with a combination of tax systems. Such companies are required to pay taxes to the U.S. Government as well as the government of the countries where they are conducting their activities (Henchman, 2011, pp.1-2). This paper contains my proposals as a tax professional to my U.S based client who wants to expand his business into foreign markets. Taxpayer’s organizations My client can establish chain of hotels or restaurants in a foreign country. This will make my client fall under deferral system of U.S. foreign tax. Under this system, subsidiary companies that are situated in other countries can be exempted from U.S. taxation unless such revenue is repatriated to the parent company like in the form of dividends. Also, I will advice my client to launch hotels in countries that are keen on promoting tourism by easy tax credits and ready development loans. For instance in Peru, foreign investors on hotel industry are given tax incentives and tax returns even before the investments are completed or the recommended constructions are completed (Finkelstein, 2012). The second type of organization that my client can establish is manufacturing company. This will benefit my client if he sells the manufactured products to foreign clients with foreign titles. Such income will fall under foreign income category although the company is situated with the U.S. Moreover, in the initial year since my client will be new in the foreign market his sales volumes will be low. In that case my suggestion will be to conduct activities from the U.S. without opening subsidiary company in the foreign country. In this way he will be able to avoid local taxes in the country on income earned from local sources. Tax mitigation on repatriate earnings A ma jor portion of income earned by U.S. companies is derived from foreign sources. Both the United States and the country in which the company is executing its activities prefer to impose taxes on the company. The governments of both countries try to benefit from these companies thereby establishing double taxation concept. Although the U.S. government attempts to mitigate its tax claim, these overlapping tax impositions create complications for U.S. tax collectors. This provides opportunities to multinational companies to avoid taxes. Subsidiary companies are confronted with high tax rates in countries where they operate. As an owner of a multinational company, my client will have an incentive to get income remittances in one of the forms that propose tax deductions. The incentive will not be in the form of dividends. A remittance that is subject to tax deductions directly reduces tax payments of source country. On the other hand, dividend expenses may only generate unusable surplus o f credits. The strategy is to keep the rates of tax less than that on dividends on the forms of payments that fall under the category of tax deductions. This will be more beneficial if the parent company that is situated within US has surplus of credit. It will be then profitable for my client to conduct payments in these tax-deductible forms. The surplus of credits can also be utilized for counterbalancing any remaining U.S. tax on such payments. The principle impact will be that

Historical Cost and Fair Value

Historical Cost and Fair Value 1.0 INTRODUCTION There have been many discussions and debates concerning use of fair value accounting against use of historical cost accounting. Some prefer fair value whilst some have a preference for historical cost accounting. Both methods of valuation have been criticized and as well embraced. It is evident that a quality description and quantitative information about the nature of the financial asset is essentially important and the amount that is appraised from the chosen method of valuation is included in the financial statements. The question however remains as to which measurement method must one use to cope with todays complex financial instruments and risk management strategies. We must acknowledge that we are in an era where we use many complicated financial instruments and risk management strategies which render that yesterdays prices may have become obsolete and many people now demand historical cost be either abandoned, reviewed, modified or replaced by current cost system to reflect a more accurate financial reporting (Muller, K. A., 2008). The issue of assets and liabilities valuation has become more pressing now than it was ever before. The FASBÂ  [1]Â  is slowly modernizing the GAAPÂ  [2]Â  principles and in doing so, it is attempting to make financial statements more meaningful and bring books in line with the international standards. Historical cost and fair value methods of valuation have both been around for a long time. The choice of whether to switch to fair value method is interestingly an important decision where all perspectives have to be equally evaluated in considering the transition from an existing to a new method of financial asset valuation. History has proven that the historical cost principle has worked absolutely fine all this while. This now poses us a question as to why the consideration and speculation to switch to a new method of financial asset valuation. What theories and what basis should drive the motivation to choose a varying method of financial asset valuation and what could be ideally considered being the opportune time for the switch in choice of model. With the ever increasing concerns between both the public and private sectors pertaining to the adequacy of financial statement reporting by respective financial institutions, a considerable attention has been received by the FASB, SECÂ  [3]Â  and other regulating bodies. The adaption of the IFRSÂ  [4]Â  in the European Union with effect from 1st of January 2005 birthed a number of significant changes in how firms must report their financial positions (Muller et al 2008). Measurement of financial assets is the core issue of relevance in financial accounting and reporting today. In order to decide which method of valuation one must choose, it is imperative that there must be a sound understanding of the fair value and historical cost method of valuation for financial assets. This seminar attempts to carry out an in depth research on the fair value and historical cost method of valuation, understand the underlying assumptions of each, identify the strengths and weaknesses of both. Various companies has been researched and contacted in order to obtain feedback on their chosen method of financial asset and liabilities valuation. Responses received are summarized in analysis and findings section of this paper and has been deliberated upon in understanding how companies and organizations in Fiji are valuing their assets and liabilities for reporting in their financial statements. Also encompassed are various literature and resource materials that we have studied. These have been reviewed and key essence and aspects of topic under study has been entailed in section entitled Literature Review. 1.1 THEORETICAL UNDERPINNINGS Accounting is highly purposive field and any assumption, principle or procedure is accordingly justified if it adequately serves the end in view (Paton, 1922). There are many accounting conventions under the Generally Accepted Accounting Principles (GAAP) which is now known as IFRS. Historical Cost Convention is the conventional valuation concept whose resources are valued in accordance with the cost of acquisition by the enterprise (Glautier and Underdown, 1982). Assets are recorded at their original cost at the time of purchase. This convention is highly preferred for the historical cost method over fair value. The Conservatism Convention assumes that accountants are pessimistic in measuring revenues and expenses. Revenues are not recorded until they were virtually certain but expenses were recorded as soon as they become remote. If accountants had to choose for measurements of cost for assets and liabilities they would have chosen the lowest for assets and highest for liabilities mostly adopt historical cost method. The historical cost of method is well preferred over the fair value method as the Accounting as a Historical record is concerned at providing a faithful record of transaction of an entity rather to provide a valuation of the firm at a given period of time (Godfrey et. al, 2006 pg 18). While historical cost method may give some indication to shareholders of the stewardship of management in the management of costs and money capital under the control, the records give no indication of the real worth of the enterprise as a going concern except to the extent that operating profit is a predictive devise (Budge and Hendriksen, 1974). Objective of stewardship is based on agency theory. Managers choice of accounting method usually comes as agency theory. Agency theory provides a necessary explanation of why a selection of particular accounting method might matter, and hence was an important facet for the development of Positive accounting theory. It is assumed that under agency theory principals will assume that the agents (principal) will be driven by self interest and therefore the principals will anticipate that the managers, unless restricted from doing otherwise, will undertake self serving activities that could be detrimental to the economic welfare of the principals (Deegan 2002). Since the behavior of this principal cannot be predicted as their salaries are tied to accounting figures and monitoring the principal behavior is difficult. The preparers of financial reports will choose measurement basis for higher profit for the remuneration purposes. It could be better if the particular method such as historical cost is stated in the contract of the principal for reporting purpose. Watts and Zimmerman identified three key hypotheses that have become frequent in the Positive Accounting Theory literature to explain and predict whether an organization would support or oppose a particular accounting method. A higher profit is precise under the management hypothesis or bonus plan hypothesis. The preparers of the reports will use such accounting methods that increase current reported income. Such method increases the present value of bonuses if the compensation committees do not adjust for the methods chosen. This hypothesis predicts that if managers are rewarded in terms of performance with accounting figures than mangers will chose methods to increase accounting profit with an attempt to increase bonus. A higher profit is also preferred by Debt Equity hypothesis which predicts that the higher the firms debt equity ratio the more likely the managers use accounting methods that increases income. The higher the debt to equity ratio, the closer the firms to the constraints in debt covenant. The tighter the covenant constraint, the greater the possibility of a covenant violation and of incurring of costs from technical defaults. Mangers choosing income increasing accounting method relaxes debt constraints and reduces the technical defaults (Deegan 2002). The Political Hypothesis predicts the larger firms rather than small firms are likely to choose accounting methods that reduces reported profit. Reducing reported profit could decrease the possibility that people will argue that the organization is exploiting other parties by applying business practices that generate excessive profit for the benefits of owners while at the same time providing limited returns to others parties involved in the transaction. Chambers Theory of Continuously Contemporary Accounting made judgment about what people need in terms of information. Chamber makes an assumption about the objective of accounting is to guide future actions. He prescribed that all assets should be measured at net market value and that such information is more useful for informed decision making than information based on historical cost which could be misleading. A number of prescriptive theories were developed which adopted Decision Usefulness approach to Accounting Theory. Chambers Blueprint paper published in 1955 is arguably among the first to emphasis decision usefulness .He wrote: It is therefore corollary of the assumption of rational management that there shall be an information providing system, such as basis for decision and as a basis for reviewing the consequences of decision. It is suggested that accounting information should be relevant, verifiable, free from bias and quantifiable. The choice of Accounting Methods depends on factors such as reliability, relevance, timeliness and comparability. Finally, there are several other theories to accounting which could explain the choice for the kind of measurement base or method. Cost Attach theory, Investor theory, True income theory, Behavioral Accounting theory, Measurement theory, Accounting as Magic and communication theory and others. Measurement is a hub of Accounting which has a lot of accounting theory underlying measurement basis. The minimum requirement for giving theoretical justification to an allocation method are that it should be possible to specify unambiguously and in advance, the method to be used and to defend that choice against all competing alternatives. 2.0 LITERATURE REVIEW There has been much discussion about fair value accounting. Disclosing assets at their fair value as opposed to their historical cost is preferred by some but opposed by others. The use of fair value accounting has been around for decades primarily for financial assets. In recent years, both the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have moved towards more extensive use of fair value accounting. According to Godfrey et al (2006) the use of historical cost for valuation of non-monetary assets has come from several sources, these include the 1940 book by Paton and Littleton, An Introduction to Corporate Accounting Standards. The book provides many of the theoretical arguments for the accounting. Historical cost is generally defined as the amount at which the asset or liability was originally obtained. Where the historical cost is expected to be different from the final value when the item is no longer on the balance sheet, some amortization or depreciation of the value is expected. This can result in an amortised cost or depreciated cost value. These values are generally more reliably determinable, but less relevant than fair value. Casonbona et al (2007) define fair value as the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arms length transaction. This assumes that it represents market value in a sufficiently robust and efficient market. Where no market exists, the fair value would need to be conceptually estimated. In making comparisons between the two, Toppe Shortridge et al (2006) refer to an argument of relevance over reliability. They argue that the proponent of fair value accounting believe that historical cost financial statements are not relevant because they do not provide information about current values. Theorists and practitioners against fair value argue that the information provided by fair value financial statements is unreliable because it is not based on arms length transactions. They contend that if information is unreliable it should not be used to make financial decisions. However they also argue that the proponents of fair value accounting would claim that it is more relevant to decision makers even if it is less reliable. These arguments include that fair value accounting would produce balance sheets that are more representative of the companys value. Specifically, unless the values of fixed assets are assumed to remain the same over time, historical cost information is rel evant only up on obtaining the asset. A number of studies have been conducted to argue that one method is more appropriate than another. Ebling (2001) argues that accounting rules around the world are moving steadily towards fair value accounting and away from historical cost accounting. In his study he argues that the banking systems figures would become more volatile. The banks would see their business managed against long term objectives and not short term measures and it is historical costs that better reflect the economic substance of the transactions, the actual cash flow and the earnings process. Chisnall (2001) also supports this view and argues that the banking industry as an example would be best to use modified historical cost as a better basis on which to measure banking book performance in primary financial statements. The issue of volatility has surfaced in recent times with the example of the collapse of Enron as an example. Barr (2009) reflects that fair value can be an accurate way to value assets but it needs time to be fully perfected. With Enron fair value accounting was used to mislead investors, regulators and the general public. Kemp (2008) argues that fair value accounting works best where the legal framework of society accepts the subjectivity of the market and thus divergent values as in Europe, as opposed the USA with its very open legal system. The disadvantages of fair value are also highlighted. It is argued that valuation is a subjective judgment and therefore as an example if two evaluators were to conduct the valuation process they may arrive at different estimates of the fair value although both would have followed the objectives of fair value measurement. There are many issues involved with fair value accounting. Some argue that fair value is beneficial to investors when they are trying to evaluate risk, return and valuation of a business. Dvorakova (2007) in her study of historical costs versus fair value measurement in financial accounting uses the example of non-financial assets. In her study she notes that IAS 41- Agriculture sets a precedent in application of the fair value measurement to biological assets and agricultural production. The study states that the fair value measurement has been required by IAS 41 because historical cost measurement is not able to cover the value of biological assets of enterprises in the market environment. Muller et al (2008) examine the cause of and consequences of investment property companies choice to use the historical cost or fair value standard to account for their primary asset, real estate. The examination exploits the European Unions adoption of International Financial Reporting Standards which require companies to make this choice under IAS 40 Investment Property. The study showed that companies are more likely to use the fair value standard when a company shows a greater commitment to reporting transparency. It showed that some companies however were also opportunistic in using fair value to report larger gains than companies using the historical cost standard. Christensen and Nikolaev (2009) studied whether and why companies prefer fair value to historical cost when they can choose between the two valuation methods. Their study show that with the exception of investment property owned by real estate companies, historical cost by far dominates fair value in practice. They state that fair value accounting is not used for plant, equipment and tangible assets. They found that companies using fair value accounting rely more on debt financing than companies that use historical cost. This evidence is consistent with companies using fair value to show asset liquidation values to their creditors and is not consistent with equity investors demanding fair value accounting for non-financial assets. This study was based on a sample of 1,539 companies. It identified each companys valuation practice by reading the accounting policy section in its annual report. No companies in the sample used fair value accounting for intangible assets. Only 3% used it for assets such as plant and equipment. With very few exceptions fair value is used exclusively for property. The study also looked the balance sheets of the companies and found that that the total assets and shareholders equity were, respectively, 31% and 88% higher on average for the companies using fair value as opposed to a matched sample of companies that only use historical cost accounting. The study also proves that a mixed approach is taken to the use of fair value under IAS 16 Property, Plant and Equipment. The study further states that companies that follow historical cost accounting must periodically test their asset for impairment. An asset is considered impaired when its carrying amount is higher than its fair value less the costs to sell and the present value of future cash flows it is expected to generate. With historical cost accounting companies will in practice value assets close to fair value if depreciated historical costs exceed fair value. In contrast under fair value accounting companies revalue assets either upwards or downwards depending on the change in the fair value estimate. Beier (2008) talks about measurement issues with existing mixed standard models. He states that mismatches may occur because some assets and liabilities are reported at historical costs and some are marked to fair value. Examples he gives include; Financial institutions report many assets at fair value and the debt used to finance those assets is reported at historical cost; Debt nominated in a foreign currency is translated at spot rate while assets financed with that debt is translated at historical rate; Derivative used to finance inventory are reported at fair value while such inventory is reported at historical cost. Grover (2008) in his look at the debate of fair value versus historical costs states that while there needs to be consistency in accounting it may be necessary to measure certain balance sheet items at fair value and other at historical cost. It can be argued from the literature and studies conducted that fair value and historical costs both have their place in accounting. There are many different and unique kinds of businesses so one universal standard for valuing assets may be suitable for some but not for others. Fair value is beneficial due to its ability to provide an up to date value of business assets, but fair value may also inaccurately inflate the value of a company due to mistakes or misrepresentations and in doing so can falsely increase the confidence of investors and therefore increase its capital. Historical costs are beneficial as it is widely understood by investors and companies. Historical costing does not rely on estimating the value of assets and thus allows less room for fraudulent activities to occur. However the use of this standard can underestimate the value of a company since an increase in the value of an asset is not recorded until the asset is sold or traded. Although this may cause investors to wary of a company who has a deflated value it does provide more stability in the market. If both accounting standards are used it can improve meaningful information for decision making. The use of fair value allows for an up to date value of assets and produces relevant costs. As an example if a company owned a building the fair value of that building will be the opportunity cost of that building in terms of it being sold or rented or used for something other the companies intended use. As historical value is more widely used and understood it can be used as an external use of reporting value of assets. Historical costs can be used as the base in reporting value and fair value used as an estimate or projected value of assets to investors. 3.0 RESEARCH OBJECTIVES AIM To discuss the rationale of historical cost and fair value methods of measurement and determine whether it is appropriate to use both methods when compiling a set of financial statements. OBJECTIVES The scope of our research aims to address the following issues; Discuss the rationale of historical cost method. Benefits and constraints of historical cost method. Discuss the rationale of fair value method. Benefits and constraints of fair value method. Whether it is appropriate to use both methods when compiling a set of financial statements. Benefits and constraints of using both methods. 4.0 RESEARCH METHODS In compiling this research project, we used the following techniques to obtain data which are as follows: Questionnaire Distribution We compiled questions and distributed to 30 reporting entities in Suva and Nasinu area. These were given specifically to financial statement preparers namely financial controllers and accountants. Review of literature We reviewed the research papers and journals carried out by several researchers on fair value and historical cost. Online Research Accessing the internet played a vital role in obtaining current and up-to-date Information regarding historical cost and fair value. 5.0 ANALYSIS AND FINDINGS Question 1: 1. What method of measurement does your company currently use? Upon analyzing the outcomes of the 25 received responses from the reporting entities, 1 uses fair value method, 17 companies adopt to using historical cost as measurement basis while 7 stated that they use both methods that is fair value and historical costs. The table below shows the methods used by the companies in compiling the financial statements. Key: HC Historical cost FV Fair value Both Historical cost and fair value What are the benefits (advantages) of historical cost did you consider prior to implementing this measurement basis? The responses received in regards to the advantages of historical cost method have been quite similar and we have analysed the advantages in the following categories showing the number of respondents. What are the constraints (disadvantages) of historical cost measurement basis that your company may have faced? The responses received in regards to the disadvantages of historical cost method have been quite similar and we have analysed the disadvantages in the following categories showing the number of respondents. The respondents of 68% (17 out of 25) agreed that the benefits of using historical cost (Question 2) as its measurement basis outweighs the constraints identified in Question 3 while 32% (8 out of 25) thought otherwise. The major reasoning being that historical cost is fairly easy to use and understand and also in Fiji, there is constraints for lack of active markets for some classes of assets, thus for valuation purposes, adopting to fair value becomes an expensive for task for entities. What are the benefits (advantages) of fair value did you consider prior to implementing this measurement basis? The responses received in regards to the advantages of fair value method have been quite similar for most companies and we have analysed these advantages in the following categories showing the number of respondents. What are the constraints (disadvantages) of fair value measurement basis that your company may have faced? The responses received in regards to the disadvantages of Fair value method have been quite similar and we have analysed these disadvantages in the following categories showing the number of respondents. Do you consider that the benefits outweigh the constraints in using fair value as the measurement basis? Considering that only 32 %- 8 (1 FV and 7 both) out of the 25 companies use fair value, they responded that the benefit of the fair value identified in Question 5 does outweigh the constraints in Question 6 while the 68% (17) thought otherwise. We consider that the major factor behind this is due to lack of active markets for some assets whereby this becomes a cost constraint for entities and the complex nature of the methods used in fair value. Do you consider that it is appropriate to use both methods when compiling a set of financial statements? If so, please outline the benefits and limitations of using both methods i.e. historical cost and fair value? Of the 25 respondents, 19 (76%) of them view that it is appropriate to use both methods i.e. historical cost and fair value when compiling a set of financial statements while 6 (24%) of them view otherwise. The major reasoning being that this would be more reliable and relevant for decision making process such as for assets like Property Plant Equipment, entities consider using historical cost basis of measurement since it is easy and efficient to use while for investments; they consider fair value since current and market valuation is needed. Furthermore, the entities (respondents) also outlined benefits and constraints of using both methods i.e. historical cost and fair value which is analysed as follows: 6.0 LIMITATIONS In carrying out our research we encountered some problems that we think have inherent this research and is outlined as: Difficulties were faced by the group in seeking responses to the questionnaires on the subject matter as some companies were reluctant to provide information due to the busy schedules of their employees and key players from whom information was required and also private companies have strict confidentiality policies which restricted us in obtaining responses. There is a possibility that questionnaires were likely to be filled out by accountants and account officers who do not have knowledge to that extend about their companys policies regarding measurement hence there is a chance for incorrect data. Several companies refused to participate as they required going through the protocol of seeking permission from human resource department which was time consuming. Out of 30 questionnaires given, only 25 responses were received. If all had responded, we would have been able to gather more information which would have enhanced our analysis and findings. Likelihood of sampling error as disadvantaged by geographical area. Due to time constraints we distributed the questionnaires only in Suva and Nasinu areas; hence the study of other reporting entities from other regions could not be taken. If the questionnaires had been distributed to other region, then this paper would have been more creditable and informative. Excessive information based on overseas markets. This is a limitation as findings to Fijis context could not really be made. Based on our readings, overseas markets have efficient markets whereas in the South Pacific it is limited to only one. Our group made an effort to interview some companies however it was futile since they were unable to find a mutually convenient time. 7.0 RECOMMENDATIONS AND CONCLUSION 7.1 Recommendations Based on the research and in support of our conclusion, we recommend that: That the professional accounting bodies should continue to address the issue of measurement to provide with a solution. Accounting professional bodies such as AASB, FASB and IASB should be specific in their conceptual framework which measurement method should be used for different assets and be consistent across all borders. Accounting professional bodies such as AASB, FASB and IASB should provide conceptual framework for measurement such as on scale of businesses that is small size business, medium size and large business. Further studies to be carried out on the mixed method model appropriateness, incorporating the views of other stakeholders such as users given our narrow scope of research as well as need to consult a more representative sample of all stakeholders given our small sample size. 7.2 CONCLUSION Paragraph 100 of the IASB Framework states that: A number of different measurement bases are employed to different degrees and in varying combinations in financial statements. However, there is a lack of guidance in the framework in providing criteria for selecting measurement basis for particular elements of financial statements. Although accounting practices have changed considerably, still an overwhelming large majority of transactions is recorded and reported based on historical cost as it was centuries ago (Ijiri, 1975). Our conclusion is that it is appropriate to use both historical cost and fair value when compiling a set of financial statements. This conclusion is based through prudent evaluation of previous researches and the findings from the responses to our research questionnaire and thus it is conclusive that there is no ideal method for asset measurement. There is satisfactory research to support that fair value provides and enhances the relevance of financial information especially to assets with existing markets. However, this study identifies that in Fiji historical cost is the most preferred method for most firms and this may be of the fact that Fiji has many small to medium scale of businesses. Although fair value is included in the conceptual framework of accounting, there is insufficient empirical evidence and literature that views it to be the best method. Historical cost method reduces a number of problems, including information manipulation by managers, which further affects its reliability in decision making. Furthermore, development of rigid accounting standards is imperative to increase reliability of fair value. Paragraph 101 of the IASB Framework states that in preparing financial statements historical cost is usually combined with other measurement bases. Given that the framework does not explicitly refute and dispute such approach, using both fair value and historical cost simultaneously is not exactly deemed to be unprincipled. By using fair value, information becomes more relevant to decision-making process as it reflects up-to-date information. Even though fair value may be relevant, its reliability is questionable due to its subjective nature of determination. Lastly, by using both methods we are able to enjoy the benefits inherent in fair value as well as historical cost. One can argue that by combining the two, the reports become open to disadvantages inherent in the two as well.

Barristers and Solicitors

Explain the selection and appointment process of solicitors and barristers (14) Solicitors are ‘front line’ lawyers who have direct access to clients, providing a wide range of legal services. They are regarded as more accessible to the public than barristers. The number of solicitors has increased by 50% in the last 10 years. There are several stages in which a solicitor has to work through before qualifying. The first stage is the Academic stage. 55% of solicitors have a law degree. Those who have a degree in another subject can take a 1 year conversion course.Some solicitors qualify through the ILEX (Institute of Legal Executives) Once they have completed the academic stage, they must complete a professional course known as the LPC (Legal Practice Course). Here, students are taught general legal skills such as legal ethics, solicitor’s accounts, professional conduct and subject specialisms such as conveyancing, business law, family law and legal aid. Finally, a ll students, except ILEX students who have worked for a solicitors firm for at least 5 years, must complete a training contract.This is normally two years where the student is attached to a practicing solicitor, like an apprenticeship. However there is fierce competition for training contracts. Once completed, they are a qualified solicitor. Barristers are specialist legal advisors and court room advocates. They are independent and trained to advise clients on the strengths and weaknesses of their case. There are more stages to the training of a barrister to that of a solicitor. The first stage is also the Academic stage.Most barristers have a law degree, although they can also do a one year conversion course. It is necessary to belong to one of the Inns of Court in order to become a barrister. These are the Inner Temple, Middle Temple, Lincoln’s Inn and Gray’s Inn. When a trainee barrister joins one of the Inn’s they can be called ‘to the bar’ whic h is part of the procedure by which students become qualified barristers. The choice of Inns is personal and depends on which area of law you wish to specialise in.On completing the Academic stage, the students then progress onto the professional course for barristers called the Bar Professional Training Course (BPTC). Students study general skills as well as subjects such as civil litigation and remedies, criminal litigation and remedies etc. Next, the student is ‘called to the bar’ and undertakes the next stage of training called pupillage, which is the practical part in which the student must find an experienced barrister who they can shadow. Finally, the Barrister must then look for a tenancy, otherwise known as a ‘seat’ in Chambers from which he/she can work.To conclude, the selection and appointment process for solicitors and barristers are quite different although they both play an important role in the Criminal Justice System. Outline the difference s in the work the solicitors and barristers do Although both working within the Criminal Justice System, Solicitors and Barristers work very differently to each other. A solicitor is essentially a legal advisor who gives advice on common legal issues. There are currently over 60,000 licensed solicitors in the UK and they work closely with clients.Solicitors are responsible for drafting letters and researching minor cases. Solicitors work much more closely with clients and they are often expected to handle the smaller, less interesting cases. While most solicitors have a specialty, such as family or commercial law, it is not essential. A solicitor is rarely expected to appear in court, unless it is a relatively minor civil issue. They are mandatorily employed by law practice firms. The other type of lawyer in the UK is a barrister. Barristers are trial lawyers. They spend most of their time either in court or researching the law.There are far fewer barristers in the UK than there are solicitors. The position not only requires additional training, but also a talent for public speaking and presentation. Unlike solicitors, barristers do not work for a firm. Instead, they are self-employed, but they must give a portion of their pay for the use of chambers or offices that are provided by the court. To conclude, Solicitors and Barristers both work differently within the English Legal System, but it are important that they work together. For example, Solicitors must brief the Barristers on the facts so that the Barrister can prepare a case.

Notes: Something Wicked This Way Comes Essay

Main characters: 1. William Halloway – One of the main protagonists of the novel. Will is thirteen years old and has white-blonde hair and eyes â€Å"as clear as summer rain.† Although very obedient, Will is also sweet, sensitive, and does not want to grow up because he thoroughly enjoys being young. He always finds the right thing to do, even in the most trivial of situations. Will has an active role in fighting against the carnival’s evil powers. 2. James â€Å"Jim† Nightshade – Best friend of Will Halloway. A rash boy, who acts a foil to Will’s character, in that he thinks less and acts quickly in his actions. He has wild, tangled chestnut brown hair and grass-colored eyes. Jim yearns to become older, making him vulnerable to the carnival’s many temptations, but is ultimately saved by Will’s friendship. 3. Charles Halloway – Father of William. He is the dynamic character of the novel, as in the beginning he is kind, yet does not care to relate to his son for fear that age shall always get in the way. However, after gaining courage from fighting off the carnival’s evils, he gains admiration, love and friendship from his son. 4. Mr. Dark – Major protagonist. A sinister man who bears tattoos all over his body, one for each person successfully tempted into joining the carnival. Mr. Dark initially holds sway over the other main characters, but his power weakens when Charles uses positive emotions against him, something he cannot comprehend or withstand. Dark’s background is a mystery, although he refers to being raised in a strict religious upbringing. Minor Characters: 1. J. C. Cooger – Dark’s partner in running the carnival, Mr. Cooger is a fierce, red-headed man who is first seen repairing the carousel. He catches and terrifies Will and Jim until Mr. Dark intervenes. Like Mr. Dark, his origins are unknown. 2. The Dust Witch – A blind soothsayer with a sixth sense and the ability to perform many feats of magic, the Witch is portrayed as one of the carnival’s most dangerous members. However, her increased sensitivity to the presence and emotions of other people makes her vulnerable to positive feelings. 3. Miss Foley – A fifty-year-old schoolteacher of Will and Jim. Much like the other victims of the carnival, Miss Foley wished to become young and beautiful again. However, when she got her wish, she became frightened because she went blind. 4. The Skeleton – An extremely thin, skeleton-like creature who is one of the more frequently appearing freaks. Like all of the other freaks, he once desired to be younger and was eventually tricked into joining the carnival. The Skeleton appears to be one of the more loyal freaks as, near the book’s end, he takes the time to carry the recently deceased and youth Mr. Dark with him after all the other freaks ran away. 5. Tom Fury/Dwarf – A lightning rod salesman who is turned into an insane dwarf by the carnival and is recruited into it, with no memories of his former life. Main Setting: The novel is set in Green Town, Illinois during October 23 – October 25. The year is not listed, but it seems probable that it takes place in the 1950’s era. Several things might lead a reader to conclude this fact, including the simple freedoms the boys enjoy, the respect the boys offer to adults, and the small town atmosphere that, for the most part, represents an atmosphere that is not largely present in American society today. The fact that text is set in the fall season allows readers to feel the enhanced suspenseful mood Bradbury pens into the entire story with Halloween being involved in the storyline. The characters birth dates are significant in that they are before or after Halloween. Plot Outline: Two boys named Will and James encounter a strange lightning rod salesman, while they’re just on the verge of their fourteenth birthdays, who says a storm is coming their way. Later, the townsfolk also begin to notice a certain shift of the atmosphere, as if there’s something very different in the air. The boys learn about the carnival coming to town and get excited, while Will’s father has a bad feeling about it. When the ominous Dark Man arrives, the boys are both terrified yet thrilled. It seems to be just another carnival at first, but it’s not before long that the forces of darkness themselves are manifesting from the haunting melodies of the carousel-which can change your age depending on which way you ride it-and the glaring Mirror Maze. With his collection of freaks and oddities, such as the Fat Man, Mr. Electro, and the blind Dust Witch, Dark intends to take control of the town and seize more innocent souls to damn. It’s up to Will and James to save their family, friends and themselves because â€Å"something wicked this way comes.† Symbols: * Boys – Young boys run where they will and act upon passing fancies. Things occur unexpectedly and pop up out of nowhere, just like the young boys who run everywhere and can be anywhere at any given moment. The unpredictability of young boys is matched only by that of life. Part of the reason that Jim and Will may have been the ones to figure out the carnival is that, while they did not anticipate it, they move with it. They see it arrive and witness it end, because they move fast enough and far enough to see many things. The other people in the town are a step behind, and they are no match for the carnival. Will’s father, on the other hand, gets in touch with his youthful side just in time to put an end to the carnival. The three run together at the end of the book, just as life in Green Town turns a new page. * The Evil Carnival – Throughout the book the carnival is associated with nothing but bad deeds and awful events. It is a place of evil run by evil people. The carnival is not a part of the town, so its evil is something beyond the normal evil in man. In fact, its evil may be viewed as the evil that threatens to destroy towns. The carnival is the evil that drives people apart and unites them through fear and manipulation, rather than through freedom and caring. The carnival is the evil that threatens to make all people selfish and greedy, and it must be combated in order to ensure that there will always be communities of people living together in harmony. Sentences on dominate themes: 1. â€Å"You’ll live and get hurt,† she said, in the dark. â€Å"But when it’s time, tell me. Say goodbye. Otherwise, I might not let you go. Wouldn’t that be terrible, to just grab ahold?† 2. â€Å"For the thing it most wanted were hidden in the dark.† – Chapter 34, page 121 Important Quotes: 1. â€Å"Not words, old man,† said Mr. Dark. â€Å"Not words in books or words you say but real thoughts, real actions, quick thought, quick action, win the day.† 2. † . . .If you’re a miserable sinner in one shape, you’re a miserable sinner in another.† 3. â€Å"Too late, I found out you can’t wait to become perfect, you’ve got to go out, fall down, and get up with everyone else.† 4. â€Å"Sometimes the man who looks happiest in town, with the biggest smile, is the one carrying the biggest load of sin. There are smiles and smiles; learn to tell the dark variety from the light. The seal-barker, the laugh-shouter, half the time he’s covering up. He’s had his fun and he’s guilty. And men do love sin, Will, oh how they love it, never doubt, in all shapes, sizes, colors, and smells.†

Capitalism Is An Efficient Market System Essay - 1541 Words

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