Accounting. How to prepare income statements

There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue, Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA), which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service, which results in Net Income. Another way to look at it is that inventory never leaves the balance sheet until it is physically sold to a customer, which transfers it to Cost of Goods Sold.The basic differences between the financial statements of a merchandising business and a service business include reporting cost of merchandise sold on the income statement and the : A. owner's equity section of the balance sheet B. other income section of the income statement C. inclusion of merchandise inventory on the balance sheet as a current asset D. inclusion of a n owner's equity statement The primary difference in handling inventory, accounts payable and accounts receivable. In a merchandising company you will probably have inventory that needs to be valued.This can be done FIFO or LIFO (first in first out, or last in first out) basis. The asset that your inventory represents can be offset by your accounts payable if you purchased inventory on account. At the end of the year for tax purposes you have to account for the change in your inventory value. In addition in a mechanizing company you may have to handle local sales taxes and such. In a service company there is no inventory and normally no local taxes on services sold. Distinguish the activities of a service business from those of a merchandising business.The primary differences between a service business and a merchandising business relate to revenue activities. Merchandising businesses purchase merchandise for selling to customers. On a merchandising business's income statement, reve nue from selling merchandise is reported as sales. The cost of the merchandise sold is subtracted from sales to arrive at gross profit. The operating expenses are subtracted from gross profit to arrive at net income. Merchandise inventory, which is merchandise not sold, is reported as a current asset on the balance sheet.

Media Studies Help Essay

Paragraph 1:Explanation of the textual analysis task: What film poster you have chosen, the director of the film and year it was released. How you are going to analyse its use of genre conventions (mise-en-scene). The conclusions you will be able to draw (whether the poster maintains genre conventions or challenges them, who the target audience is and why etc). Paragraph 2:Science Fiction conventions used in the mise-en-scene (meaning and effect created by this): Location Lighting Colour Costume Character Positioning and Expression Props Typography CGI and Special FX Paragraph 3:Science fiction stock elements in the poster (remember you are only looking at the poster, not discussing the film it advertises!): Stock settings Stock narratives Stock characters Stock iconography Paragraph 4:SPECIFIC Target Audience Demographics (not just WHAT they are, but WHY these are the demographics): Age Gender Nationality Race Religion Income/class Level of education Marital Status Hobbies/interests Paragraph 5:Institution behind the poster: Which production company produced the film that the poster advertises? What other films does this company produce? Who is the film’s director? What other films does the director create? Similarities and differences between the film advertised on your poster and the other films created/produced by the same person/company. E.g. If Spielberg is the director then he is known and widely recognised for creating ‘family’ films that stick to generic conventions, whereas the Wachowski Brothers (who directed The Matrix) are known for pushing genre boundaries. Paragraph 6:Comparisons with other film posters: How does your main poster compare to other Science Fiction posters? Similarities and differences in their use of generic conventions. Meaning and Effect created by the differences between the posters (do any of them challenge/subvert the Sci-Fi conventions?). Paragraph 7:Reflectionist Approach: What issues in society does the poster reflect? If it does not reflect any issues in society then you must explain this and think about why this might be.

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Great Floods have been a topic of many myths throughout time. These stories are mostly about gods or higher powers trying to wipe out or cleanse the population. Some of these myths Include; Endue Genesis, Thralls Epic, Galoshes, and many more. The Ruler Genesis Is the earliest flood myth. It t†¦ Prematurely Words Pages Noah and the Great Flood The story of Noah and the Great Flood is sometimes questioned of whether or not it of God, Noah was able to accomplish this task and this event really did occur.Others, who take some of the stories from the Bible†¦ Premiums Words Pages Evidence for the Great Flood A flood generally causes a rather large amount of land to end up underwater. The Great Flood was no different, it caused almost all the land in the world to go underwater. Did the Flood?as recorded in Genesis chapters 6-8?really happen? Was there a humongous amount of water that completely reader†¦ Premiums Words Pages The Great Flood The Great flood is a historical eve nt that may have happened before O BC, this was an vent that flooded the whole world which have possibly wiped out human and plant existence.There are several different evidence that suggest the happening of the Great flood which include the several geological SSH†¦ Premium Words Pages The Impact of the Great Flood to the Thai Entrepreneur The impact of the great flood to the that entrepreneur Nowadays, Thailand has just been seriously the great flood and then lots of people face a problem with this situation. Thus, this situation have many problem become to economic crisis. Many hat entrepreneur is the most one has†¦Premium Words Pages Triassic: Account of the Great Flood Triassic: Account of the Great Flood The relationship between gods and humanity in Trashier: The Account of The Great Flood seems to carry great irresponsibility. Most of the gods display the weak characteristics of humans. They whine about work, constantly complain, selfishly create humans and t†¦ Premiums 210 Words Pages The Great Flood (The Taunting) The Great Flood Taunting Setting Where does the story take place? Describe the setting of the story.Characters Describe Opinion-Total physically and as to how the narrator describes him. What is his title? How does he serve his people? How does he feel in the opening of the story?†¦ Premium Words Pages The Great Flood of Metro Manila Saturday, September 26, it is way beyond words what Metro Manila has gone through in the hands of the recent storm, Sestina. With the unusual amount of rain that Sestina brought, it flooded where it never flooded before. Water seeped into houses and in a matter of minutes, reached 30 feet.

Taking both a product and a service of your choice you are to identify Essay

Taking both a product and a service of your choice you are to identify the elements of the marketing mix - Essay Example Keeping the aim of customer satisfaction in mind, it becomes essential for the marketers to make sound decisions regarding various aspects of the product or service (marketing mix), rather making decision solely on the basis of estimates or guesstimates. As a result of evolution of such concepts in the business world, the field of marketing has now become something far beyond rule of thumb decision making. This article is intended to analyze the marketing mix (product, price, place and promotion) of one commodity and one service. Before starting the evaluation, it is essential to have a brief overview of the theoretical basis of the elements of marketing mix. In the end, we will comment on the effectiveness of marketing mix of both of them. The marketing mix is one of the most frequently used term in the field of marketing, in fact we can call it a buzz word of marketing. It includes the basic tactical components of marketing mix. Traditionally there are four elements of marketing mix; product, pricing, place, promotion. However, some of the authors add other three Ps too, to make it 7 Ps. The rest of the three are process, people and physical environment. All these Ps have a number to specific decisions to be taking and the sum total of all those decisions ultimately contribute to what we call marketing mix, a set of tactical decisions aimed to better market the product and thus increase customer satisfaction. Costa coffee established its first coffee shop â€Å"Costa Expresso Bar† in 1978 in Vauxhall Bridge Road in London. Even to this date, they still use the same method of slow-roasting coffee beans. Now it serves the brothers’ authentic blend of 6 Arabica beans to 1  Robusta in 500 coffee shops all over the world. The brand name of COSTA has been promoted as a symbol of status, a symbol of high class. The COSTA coffee is basically a hot drink; however, the various customer researches show that customers who have come here are actually not more intend to

Week 3-peer's comment Assignment Example | Topics and Well Written Essays - 250 words

Week 3-peer's comment - Assignment Example Maggie provides the characteristics of Usonian architecture. Key is its application in making homes affordable to the common man. Simple and organic, the architecture utilizes simple natural materials. The post fails to link the two styles of architecture. Notably, the Usonian style is a simplification of the Prairie style architecture. Diandra provides a simple yet cohesive analysis of the prairie style. The post links the prairie style with Wright’s vision of making a building part of the environment. Specifically, Diandra acknowledges the characteristics of the style. The mention of the building’s interior provides further insight into the style. The post mentions the primary role of the fireplace in the style. Moreover, Diandra mentions carefully the style’s incorporation of open plan layouts that replaces â€Å"isolated rooms† with â€Å"interwoven spaces† (Roth, 306). The Ward W. Willits house serves as an example of the style. However, detail lacks in describing the house specifically. Diandra links the two style by acknowledging their similarity. Moreover, the post sees the Usonian version as a simpler version of the Prairie style. However, it is necessary to mention the specific details eliminated in the Usonian style. These include the garage and the basement. The post m entions the Jacob’s House as a prime example of this

Obamacare Laid Bare - Charles Krauthammer Essay

Obamacare Laid Bare - Charles Krauthammer - Essay Example Obamacare Laid Bare - Charles Krauthammer Apparently, the enforcement of Obamacare is a national issue that stimulates a wide range of political debate given that such law is perceived as a means of transporting enormous amount of wealth under the present American political system. Despite this perception, US government officials cannot fully express the benefits associated with the health care policy so they could avoid the risk of losing in the elections. As such is the case, they merely implement the law through deception being carried out in the form of hidden taxes, mandates, and penalties that generate excessive payments. Although Obamacare seems to be beneficial since it imposes an affordable health care program, the vested interests of government officials will only heighten the clamor of the citizens to eliminate the cancellation of the law. It seems that majority of the Americans considered the legislation as unfavorable knowing that they will only face an additional burden of financial responsibilities. This is pa rticularly unfair for those Americans who have low income considering that most political leaders support the law only to exercise political control and influence of governing their nation’s wealth. The disadvantages of Obamacare only outweigh its advantages as the cancelled policies are more politically-driven in falsifying the essential nature of implementing the law. Certainly, the insurance buyers would later on realize that their taxes and premiums have been raised.

Guy de Maupassant, The Necklace Essay Example | Topics and Well Written Essays - 750 words

Guy de Maupassant, The Necklace - Essay Example In the story â€Å"The Necklace† Guy de Maupassant makes use of the services of a third person narrator who owns a restricted sagacity. â€Å"I† is not employed in the story. The one who narrates the story has a connection with each and every character in the story which is told in retrospect. Maupassant writes, â€Å"She was one of those pretty and charming girls born, as though fate had blundered over her, into a family of artisans.† The narrator does not examine the inner world of a specific character at the given time. When Mme. Forestier meets Mme. Loisel after the lapse of a number of years, she does not refer to the substantial dent in the beauty of the latter, a routine conversation ensues, as if it is of no consequence, with no surprise element contained in the exchange of thoughts. As such limited knowledge about the characters is revealed, which is mostly about Mme. Loisel, the main character. In employing the third person, the characters emerge with l imited temperament; the narrator provides an opportunity to probe deeply into the working of the mind of the character than the narrator who is just concerned with the facts. Characters in a story are either â€Å"static† or â€Å"dynamic†. Dynamic characters impact the course of the story as it makes progress. Static characters move leisurely and have nothing much to contribute as they are not well developed. Mme. Loisel belongs to the second category. Her outlooks and emotional state change a number of times throughout the story.

Continuum of project Article Example | Topics and Well Written Essays - 250 words

Continuum of project - Article Example In addition to helping stroke survivors improve or regain skills and functions, these healthcare professionals can assist with adaptation and assistive devices. Modified constraint-induced therapy (mCIT) is an intensive motor practice. The therapy involves restricting the use of a less affected part of the body, which forces the patient to use the weakened part of the body. Regular practice can improve nerve function in the central nervous system. The therapy is applied with varying intensity and duration over time depending on the individual’s motor functioning. Electrical stimulation is used in treating hemiparesis to enhance sensory awareness, strengthen a weakened body part (such as the arm, leg, hand or foot) and improve range of motion. This procedure consists of placing small electrical pads on the weakened muscles of the affected body part. An electrical charge helps the muscles contract as the patient works to make it move. Cortical stimulation is a type of electrical stimulation, but instead of directly on the arm or hand, the electrodes stimulate the part of the brain called the cortex. The tiny electrode is placed on the dura, the tough membrane that covers the brain. The electrode sends an electrical current to the brain while the stroke survivor undergoes rehabilitation exercises. This treatment is a safe way to regain mobility. Motor imagery involves imagining the movement of the affected part of the body. This mental practice activates areas of the brain and muscles as if the patient is actually doing an activity. The network of nerves in the brain involved in visualization and physical movement overlap, making this an effective activity when paired with other therapies. Koziol, J.A., Feng, A.C. (2006). "On the analysis and interpretation of outcome measures in stroke clinical trials: lessons from the SAINT I study of NXY-059 for acute

Lab report introduction Example | Topics and Well Written Essays - 250 words

Introduction - Lab Report Example HindIII is commonly isolated from the Haemophilus bacteria d Bacteria. It has a polymorphic restriction site on the intron 19 of factor VIII gene. It recognizes rthe double stranded sequence of the DNA at AAGCTT and then cleaves after A-1 (Dubey, Hussain & Mittal n.d.).DNA is negatively charged. The working principle in gel electrophoresis involves the movement of the DNA sample in the agarose gel. The difference in the base pairs impact a difference in the molecular weight of the DNA and so when the current is introduced at the cathodic end of the electrophoretic chamber the DNA will move to the anode with the difference in weight causing the bands to be formed at different locations Francois 2010). Our reference sample (ÃŽ »DNA) has a restriction site for the enzyme and so presence of matching bands with our sample DNA will show the presence of the wild type gene. In the case of no match, then we will rule out the presence of the wild type gene to the presence of the mutant gene. The three samples will be run concurrently. The samples will be placed on the wells and when the power is switched on the movement will be monitored and images taken to do the comparison. With one sample being undigested and the other one digested we want to differentiate between the wild type and the mutant genes. With the wild type after digestion by the restriction enzyme HindIII the DNA is broken down and forms strands with 3236 base pairs and 1125 base pairs (Isaac & Stacey 1994). This implies that due to the digestion process the bulk DNA has been broken down into lighter fragments and so with reduced molecular weight it will move faster across the electrophoretic gel. The restriction process takes place at an optimum temperature of 370C. Dubey, A. O., Hussain, N., & Mittal, N., n.d., ‘HindIII-based restriction fragment length polymorphism in hemophilic and non-hemophilic patients,’ Journal of Natural Science, Biology and Medicine, 1 (1), pp. 25-28, doi:Â  

Emperor Qinshihuang Essay Example | Topics and Well Written Essays - 2500 words

Emperor Qinshihuang - Essay Example when the country set course to become unified, by about 221 B.C., during which time he provided leadership and direction to the country. Emperor Qin Shi Huang was the First Emperor of this new and Unified China, and his reign, first as king and then as Emperor, stretched from 246 to 210 B.C. To be fair, it should be noted the Emperor is recorded to be quite a tyrannical figure in Chinese history. This was likely necessitated by the fact, however, that he had to struggle to keep the country unified during this initial stage of China being governed by an Emperor, particularly during the first part of his reign. It was a paradox of sorts, as this 35 year rule of power by the Emperor saw both great advances in cultural and intellectual pursuits, yet also resulted in great amounts of destruction throughout the land (Donn & Donn 2003). Perhaps owing to this reason, there are different schools of thought when considering the perceived greatness of Emperor Qin Shi Huang. Yet, history cannot erase the fact that the first emperor of a unified China must be considered when broaching any discussion about what forms the foundation of the country that we know today. The basis for modern day China can certain be traced back way before the time of Christ, with the line of emperors that sough to advance the region into the most powerful and greatest country on earth. At the time that the Emperor came into power, China had really been ravaged by division. As such, the infrastructure of the country was in tatters, and there was little direction about how the country would experience any type of progress (Wood 2008). The people really did need a strong leader if they were going to advance as a civilization, so it was almost by necessity that Emperor Qin Shi Huang ruled with an iron fist so to speak. This dominate and charismatic leader, however, was able to accomplish a great deal during the 35 years he held onto the position of emperor. Some of the many accomplishments entailed t he numerous construction projects completed, adding greatly to the vitality of the region (Feuchtwang 2011). In addition, history shows us that China began to develop its own distinct culture and tradition during this time, as well as becoming known for its intellectual pursuits that are still marveled at today. In the end, however, there was also great destruction throughout the country as there were many who did not seek a unified China of this fashion, but the emperor was able to hang on. To understand how he did this, it would help to go back to the beginning and work our way forward. There is not tremendously reliable evidence about the birth and family lineage of Qin Shi Huang. It is widely believed that he was born as an illegitimate chid, and we are not entirely certain of his birth father of record (Wilkinson 2000). Just as today, illegitimate children in China are frowned upon a bit in the social hierarchy, so this likely contributed to some of the negative criticism aimed at the First Emperor. History today does shed a bit different of a light on the record of his birth, but the evidence is still not conclusive. The reality is, however, that we know Qin Shi Huang become unified China’s first Emperor at the early age of 13. Even though such young rulers are not unheard of in ancient civilization, this emperor actually ruled by proxy for the first 8 years, as Lu Buwei was the figure head and decision maker during that time. Buewi was the modern day equivalent of Prime Minister and, interestingly, is the person

Leadership Style Essay Example for Free

Leadership Style Essay Manama Logistics Company (MLC) has hired you to supervise the company’s move from downtown Manama to Isa Town. It is expected that there will be some discontentment amongst staff (as listed in the case study) It is important that you understand the different types of leadership styles, and decide what would be the best styles for you to use in the situations outlined in the case study. It is important to remember that different styles are necessary for different situations. Leadership issues are often influenced by behaviour patterns. People (supervisors and workers) generally display behaviours that are aggressive, passive or assertive. Research these three behaviours so you understand the traits of each and can describe how they relate to supervision and leadership issues. In your report to the Board describe the leadership styles you have chosen and give justification for them. You will need to identify more than one style, and give examples of when each is appropriate to use. There are four main leadership styles, and several other recognised styles. Check with your tutor if you are not sure if you have identified the main styles. You need to identify these four main styles and one other relevant leadership method, so you have a deeper understanding of leadership behaviours in various situations, and identify what is effective and what is not and why. Use APA referencing and in-text referencing throughout your Progress Report. For your first Progress Report: 1. PART A – as a group Describe the following behaviours: a. Aggressive b. Passive c. Assertive Give examples of how people display these behaviours – include words, attitudes and non verbal body language. Identify and research the four main leadership styles * describe what each style is. * explain generaly what type of situation it is appropriate to use them * describe the advantages and disadvantages of each style * give examples from the case study of when each one might be appropriate PART B Individual Contribution(20 marks) Write around 300 – 500 words looking at different leadership styles. Define two different leadership styles, (other than the four identified earlier above).(10 marks /5 each) Give 5 advantages and 5 disadvantages for using both of these leadership styles. (10 marks /1 each) TURNITIN SUBMISSION You must submit only ONE copy of the group progress report (Chairperson may do this and include their individual contribution with the group report). Other group members need to submit their individual contribution via Moodle, using Turnitin by 23:59 hours on Saturday 21 September. You will need to use your own words in your report to ensure you do not exceed the permitted 30% of copied material. Please note: if you don’t reference your resources, you will get a 0% for your progress report. PART C Individual Forum Posting Each student is required to submit a forum posting once per module. The timing, completion and quality of these postings will contribute to 15% of your individual assessment. Posting 1 due to be completed by Thursday 12 September before 2.00pm.(17 marks) Write around 300 – 400 words covering: * which behaviour you think is the best communication style to use if you were the supervisor for Manama Logistics Company. Justify why. * look up and explain one additional style other than the three (assertive, aggressive, passive) already mentioned * Complete the Hot Potatoes exercise on Moodle - Marking Schedule for Problem One: Leadership Styles Group Name †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Each Progress Report is marked out of 100% contributing to a total weighting of 35% of the final mark. Progress Report 1 Group Protocols and Leadership Styles| | | Team protocols completed and signed by all members of the team Ensure a group name with ID and names of all group members is included.| | 4| | Behaviours: aggressive, passive, and assertive are defined| 3 marks each behav| 9| | Examples of how behaviours are displayed are explained (including words, attitudes and nonverbal body language| 3 marks each behav| 9| | Four leadership styles are described in detail.| 4 marks each style| 16| | Describe where it is generally appropriate to use the 4 leadership styles eg military| 3 marks each style| 12| | Advantages of 4 leadership styles are discussed| 2 marks ea| 8| | Disadvantages of 4 leadership styles are discussed| 2 marks e a| 8| | What leadership style does your group recommend they use for the move to overcome staff resistance to the change – use the 7 case study examples (traffic issues, further to travel, new training requirements etc) and the leadership style your group recommends| 2 marks ea| 14| | GROUP TOTAL | | 80| *| All Individual contributions are handed in and are relevant and comprehensive as per marking guide.| | 20| + * See Below| Total:| | 100| = * See Below| Comments: NAME*GROUP TOTAL+*INDIVIDUAL TOTAL= /100

Multimedia & Education Essay Example for Free

Multimedia Education Essay With a vast array of educational sources available online or by using technology which is involved with multimedia, it is only inevitable that a great deal of teaching will be used this way. Advantages may include improved efficiency, interested learning and a sense of enjoyment for younger learners. Traditional classroom based teaching will need to work together with the advances of computer based learning to fulfil and expand the learners knowledge. Bibliography www. computerweekly. com www. mit. com www. nhs. com www. bbc. co. uk. As technology has evolved rapidly in and around our environment, public services are now steadily introducing multimedia and other forms of computer based applications. The Territorial Army (TA) and the National Health Service (NHS) are two that have evolved dramatically within the last ten years in relation to technology. The TA has several high-tech intelligence and weaponry applications and the NHS has such vital modern equipment all implementing some form of multimedia. With this it should only make sense that multimedia be included in another very important sector, Education. Within the last five years multimedia and education have bonded well to produce some very informative information. This has become readily available for children as young as two up to adults participating in education via adult learning schemes. The most significant and straightforward way to view these types of information is from the World Wide Web (WWW). The similarity between primary and university study is that they need to be online indefinitely. Although they need internet access it must not be a limited package. The connection they apply must be quick and effective otherwise users will establish a lackadaisical attitude towards the idea. Inside the last twelve months there has been a surge in primary and secondary schools in particular enquiring about wireless connections. Many schools are looking at this form of connection due to its low cost and flexibility. Laptops can be transferred from one classroom to another, rather than having a fixed station. An example of multimedia used within education is a project aimed towards disaffected children to encourage them back into learning. Interactive mathematics, composing digital music and building virtual 3D art exhibitions are some of the applications which are used and created. The main idea behind the project is to establish a stable bond between pupil and teacher with the use of I. T. Other outcomes which are hopefully achieved is the better retention of the technology they are using (both pupil and teacher). If the time for this technology is used wisely and productively with the school environment it could play and integral part in the pupils advances post education, however if the pupil is not receptive to new forms of teaching then the answer must lie elsewhere. Ian Peacock chairman of Hackney Councils Education Committee said We need to ensure that the childrens use of computers in the classroom provides some of the buzz they get from playing media-intensive games in their leisure time. (ComputerWeekly, 2001). As education and multimedia within the ages of two to sixteen is of great importance, the education of the older age group should also be considered vital for those willing to expand their skills and acquire the relevant knowledge. This next form of learning via means of multimedia shows how far the technology has developed to cater for this age group. MIT Open Courseware is designed to: ?Provide free, searchable, access to MITs course materials for educators, students, and self-learners around the world. ?Extend the reach and impact of MIT OCW and the open courseware concept. There is a wide variety of courses to opt for, from history to nuclear engineering. The site is aimed at self-learners who can log on anywhere in the world and start accessing information on their chosen subject. Lecture notes and assignments are all included just as if they were studying in University. This form of studying is very familiar at present with more than 2000 courses available on the internet reported by 1996. That number has grown progressively and there are courses available today to suit the majority of users whatever their subject. These online courses prove to be significant to those who maybe cannot afford fees towards university or who reside to far from any teaching institute. We live in a very rural area. Access to quality educational materials is a 225-mile drive to the nearest library of any significance. (Self Learner MIT, 2005).

Effects of Agenda for Change on Psychologists

Effects of Agenda for Change on Psychologists What is Agenda for Change? What are the likely implications of Agenda for Change for clinical  psychologists and other healthcare staff working in  the UK? Agenda for Change, implemented in December 2004, is a comprehensive pay reform package for 1.2 million NHS staff. It has brought about improved correlation between career and pay, proving to be the biggest overhaul in this area for 50 years. As part of Agenda for Change, the NHS Job Evaluation Scheme has helped coordinate rates of pay with a hierarchy of job profiles. The Job Evaluation Group, a subgroup of the NHS staff council, has so far produced over 200 national job profiles. On a more personal level the NHS Knowledge and Skills Framework was introduced to advance the interrelation between education, development and career progression. This Framework will develop a culture of lifelong learning in the NHS, promoting annual development reviews and encouraging staff learning. Agenda for Change aims to boost morale and staff retention, as well as improving diversity and family-friendly flexibility. Furthermore, as a result of pay improvements, it is hoped that the system will precipitate long term improvements in every aspect of patient care and service delivery. These changes aim to include a reduction in waiting times, improvement in the quality of treatment/care, and upgraded working practises. NHS Job Evaluation Scheme Job Evaluation attempts to provide a systematic approach to determining the relative worth of jobs within a workplace. The Scheme makes provision for most NHS jobs to be matched to nationally evaluated profiles on the basis of information from job descriptions, person specifications and additional information. National job profiles additionally provide a framework against which to check the consistency of local evaluations. Job Evaluation itself does not determine the rate of pay it simply produces a hierarchy of jobs. It examines the demands made by the job and the value of the job in the organisation. In March 2005 Clinical psychologists profiles were reviewed profiles are intended to apply to all psychologist jobs in the Health Service, (Amicus the Union: 2004). At the end of March 2006, 99% of all NHS staff had been moved to the Agenda for Change terms and conditions, and since June 2006 the NHS has invested  £ 1.1 billion in staff. The new pay system The impetus behind Agenda for Change was the need to address pay inequality, Thus the new system aims to create equal pay for equal work, with a series of three pay spines: Doctors and Dentists Nursing and Other Health Professionals NHS staff, (excluding the most senior managers). (Agenda for Change: NHS terms and conditions of service handbook, January 2005) Both the second and third pay spine will be divided into nine pay bands, and within each band there will be a number of pay points. The Job Evaluation Scheme determines the correct pay band for each post and thus the correct pay. The NHS Knowledge and Skills Framework (KSF) and the development review process. KSF and the development review process is the core of the career and pay progression outlined in Agenda for Change. By October 2005 all staff had in addition to updated job descriptions a description of the knowledge and skills needed to do a job. KSF concentrates on how acquired knowledge and skills might be applied in certain areas. (Department of Health: 2004) Everyone has their own personal development plan, created jointly in discussion with their line manager. Each year there will be a joint review of the work where new targets for development are set. At the first one, the psychologist (or other NHS staff) agrees on a personal development plan with their line manager. The aim is to meet these targets and then move up one pay point. There are two points called â€Å"gateways† in each pay band. The first gateway takes place no later than 12 months after appointment to ensure that the appointee can meet the basic demands of the post. The second gateway is set at a fixed point towards the top of the pay band. Implications Positive In June 2004 the final draft for psychology job profiles, job evaluation, job descriptions and person specifications was ready. It was a thorough and detailed document, agreed to be beneficial for clinical psychologists. For example, it included a Job description and Personal specification suitable for newly qualified clinical psychologists called Band 7 8a, making it possible to move from band 7 to 8 within a couple of years. (Amicus: 2004). KSF encourages positive learning development and career progression, giving the individual more freedom and control over their career. The objectivity of the frameworks for reviewing and evaluating clinical work can be advantageous. However, evaluations will always be dependant upon the relationship between the persons involved, giving room for differences of opinions and idiosyncrasies. Negative The announcement in autumn 2005 of around 13000 job cuts for nurses in NHS was in part the result of hospital trusts’ efforts to balance the books in the aftermath of the hugely increased wages bill brought about by the implementation of Agenda for Change (The Guardian, 2006). Although no job cuts for clinical psychologists have been announced, there is a tendency to withdraw funding when vacancies arise. (Amicus: 2006) The reduced staffing level increases the workload for existing staff, perhaps to a degree that the increased pay doesn’t compensate for. Increased demand for back pay[1] Conclusion Although the implementation of Agenda for Change has been fraught with difficulties and economic unrest there are indications that the new system is bringing about positive changes in some areas. In the Agenda for Change Briefing (June 2006) NHS employers stated that †the reform has been a success story.â€Å" However, many organisations are only now coming to the end of the implementation period and it will take at least a year or two for success criteria to emerge. In conclusion, it is perhaps too early to fairly evaluate the implications for clinical psychologists and other health care staff. References Agenda for Change: NHS terms and conditions of service handbook, January 2005: Available from: ‘http://www.dh.gov.uk/PolicyAndGuidance/HumanResourcesAndTraining/ModernisingPay/AgendaForChange/fs/en’  [Accessed 7/11/06] Amicus, the Union,: Clinical psychologist and psychology assistant profiles, 2004:  Available from:  Ã¢â‚¬Ëœhttp://www.amicustheunion.org’  [Accessed 8/11/06] Amicus, the Union: Grading guidance for clinical psychologists,2004  http://www.amicustheunion.org/ Amicus, the Union, Press Release, September 2006: Available From:  Ã¢â‚¬Ëœhttp://www.amicustheunion.org/’ Department of Health :Agenda for Change What will it mean for you? A guide for staff, 11/10/2004: Available from: ‘http://www.dh.gov.uk/PublicationsAndStatistics/Publications/PublicationsPolicyAndGuidance/PublicationsPolicyAndGuidanceArticle/fs/en?CONTENT_ID=4090842chk=djtkBc’  [Accessed 8/11/06] Department of Health: The NHS Knowledge and Skills Framework (NHS KSF) and the Development Review Process (October 2004): Available from: ‘http://www.dh.gov.uk’  [Accessed 8/11/06] The Guardian, April 24, 2006  Ã¢â‚¬ËœCumbrian nurses finally get equal pay cash’: Personnel Today, Jan 2006 Footnotes [1] See article in Personnel Today concerning the case of hundreds of nurses lodging equal pay complaints as a result of the new NHS Agenda for Change pay system (Personnel Today, January 2006).

the aztec and maya Essay -- essays research papers

The Aztec and Maya were both American Indian people. The Aztec were ruled by a mighty empire in Mexico during the 1400's and early 1500's. The Maya however, developed a magnificent civilization in Central America and Southern Mexico. Both civilizations contributed a great deal to the modern world and invented items that are still used today.   Ã‚  Ã‚  Ã‚  Ã‚  According to the Aztec Legend, the ancestors of the people who founded Tenochtitlan, came to the Valley of Mexico. The Aztec wandered for many years before settling in the valley in 1200's. At first, they were subjects of people who lived in the area, but later, in the mid 1300's, the Aztec founded their own city, Tenochtitlan. By the early 1400's, Tenochtitlan had become a powerful city and controlled the region around it, nearly forming a city-state. Tenochtitlan became the most powerful member of the alliance with Texcoco and Tlacopan. It began to build up to what eventually became the Aztec empire. Many years before the Aztec empire was created, the heart of the Maya civilization was also developing. The first farmers settled in the area of El Petà ©n as early as 2500 BC, in search for fertile land for crops. By 800 BC, the Maya lowlands were completely settled. Just after this time, was the classic period, which lasted from 250 to 900 AD. During these years, the Maya founded their greatest cities and made their remarkable achievements in the arts and sciences. The city of Teotihuacan had the strongest inf...

The Role of Gender in Art Essay -- feminist art

Introduction â€Å"’Gender’ is defined here as the cultural construction of femininity and masculinity, as opposed to the biological sex (male or female) which we are born with. Although feminist theory in its various forms does not offer any single explanation of the differences between men and women, most feminists would reject the idea that male and female characteristics can be found exclusively in any fixed biological attributes. Although some feminists are more concerned than others with tracing of masculine and feminine characteristics to their essential biological roots †¦ (essentialists), most feminists from a wide range of positions have contributed to the argument about the relative importance of social, cultural and psychic forces in the construction of identity as either feminine or masculine.†1 This essay will initially address how art history has been discussed by feminist historians in the latter part of the twentieth century. It will then discuss two pairs of mutually contemporary works of art whilst attempting to introduce concepts into the discussion of the works themselves, in order to point to differences or similarities in technique, form and style, and ways to approach an analysis of the work. Finally a conclusion will be drawn on the importance of the role of gender arising from the discourse. Gender and the role of gender is now a major part of the paradigm of the historiographical study of art. Since the 1970s feminist art historians have challenged the extant tenets of art history and have explored radical approaches to gender in art. It is important to note that art historians have formed a crucial part of the wider debate concerning feminism. Linda Nochlin`s essay ‘Why Have There Been No Great Wome... ...erasure from the history. The work is chronological in sequence, which according to Chicago traces the social origins and decline of matriarchy, it`s replacement by patriarchy, the institutionalisation of male oppression and of women`s response to it. â€Å"The Dinner Party is both clumsy and pathbreaking†¦ The Dinner Party is right on time. It comes in the wake of modernism, in loud colours and emotional, high-pitched tone; it rides on the wave of feminist study and insight; it takes seriously both the truths and excesses of female consciousness; it fills a large room; it engaged some 400 (sic) workers in something bigger than anyone; it cannot be ignored and it should not go away.†

Creating Tension and Presenting the Themes in A View from the Bridge Es

Creating Tension and Presenting the Themes in A View from the Bridge Miller uses the climax of act 1 to create tension for the audience through the acting and the situation the characters are in, and to present the key themes of the play to the audience. Firstly, he uses dramatic irony to give the audience an insight into how the story is going to end, which creates frustration and tension for them, as although they can see how the story is developing, the characters can’t, this ties in with the theme of a Greek tragedy where there is a predestined conclusion. He uses the fact that in the 1950’s and especially in dockside and urban households, masculinity and being the ‘man of the house’ was a huge part of family life. He combines this with Eddies desire to control and obsession with authority, to put the audience on a knife-edge, as to when one of the characters will lose control and lash out. Miller also expands on the situation of relationships in the play, both within the family, and outside. This ties in with Eddie’s apparently incestuous feelings for Catherine, and this creates suspense and tension throughout the audience, as they don’t know what is going to happen about it. Stage Directions, play a large part of ‘A View From The Bridge’, as they give it the final touches which create tension for both the characters and the audience, they help show what a character is feeling, which allows the audience to empathize with the character, making it all the more believable and therefore creating more tension as they want to know what will happen. Alfieri’s monologue is also a main contributing factor to the tension, which slowly builds throughout the entire scene. The audience share Alfieri’s perspectiv... ...the play, just over there to send money home, but now it seems like he is taking an active part, and defending Rodolfo against Eddies slanderous onslaught. In conclusion, I feel that Arthur Miller creates tension in the climax to Act 1 in â€Å"A View From The Bridge,† in many different ways. These include the exploration and presentation of many of the key themes that Miller has sewn throughout the play, comprising mainly of: masculinity, incest, Greek tragedy, jealousy, pride and obsession. He uses surprise, and a ‘factor of the unknown’ to keep the audience in suspense as to when Eddie will lose control, but never in doubt to the fact that he will. All in all Miller uses a variety of techniques and themes to create tension for the audience and keep them in suspense for the whole play, and successfully draws on this to build huge climaxes at many points.

Cultural Influences in Children Essay

The negative influences for video games: children are always playing it or wanting to play their xbox, wii or playstation, not wanting to go to school. Children will want to be on the game for several hours or all day. Children or adults can have seizures from the movement of all the changing lights and from the lights flashing especially in the dark. Children can have nightmares from playing a game called Call of Duty it has a zombies part. Children can also shoot zombies and people with guns and might act this out in real life even shoot at people. These games are violent, and gory. Children can play Grand Theft Auto they are playing as a gang member and your boss tells you to do crimes and get away with it. The police try to catch him but he can get away with whatever it is he does. When children get old enough they might try to steal cars, run people over, and beat up people and cops for no reason. The children might not know in real life they will get caught. They cannot hide from the cops. Grand Theft Auto can make children more aggressive, more violent at school and at home. Children can also talk on these games to other children or even adults online. They can hear cussing and talk about other things not needed for this game. Video Games can make children socially isolated, doing less homework, less hanging out with friends, can make children obese, less exercise, less going out, and less spending time with family. Interest children in different activities: soccer, football, baseball, tennis, volleyball. These sports would be a good exercise so the children will not be obese, just sitting in front of the television playing games. Encourage your child to get involved in other outdoor activities with other children in the neighborhood such as bike riding, or just childhood games outside can help tag, hid and seek or at a YMCA swimming, basketball. Get the child to play with his toys for a few hours out of the day. Go to the park for a day have a picnic, go hiking and go sightseeing. By telling Child to go outside and playing a sport or get involved in child activities will get them away from the video games. Tell the child to go bike riding around the block and get their mind off of wanting to play Grand Theft Auto would be better than them thinking of steal cars and beating up people. Another negative cultural influence is television. It has television shows children should not be watching, not much learning. Television is not always great it has a few channels that are learning channels but most are not teaching children anything. Some channels like Disney or nickelodeon have some learning shows but that is only in the early morning or way late at night and only for children that are in the younger ages. Cartoon network changes to adult swim after a certain hour. Children should not be watching these shows to name a few Family Guy, American Dad, and Robot Chicken. Family Guy has a talking dog, lots of cussing and is violent and also has sexual content. Robot Chicken is a show that does some parodies of other shows with cussing and violence as well. Children like to always watch television, but it is not educating children and is a waste of time for them when they can be doing other educated activities. Getting children educated is a better idea than watching television they will need to be educated for school. So having them read chapter books or read other books or magazines for a while will get them away from the television. Have children write a story or a few sentences to a paragraph depending on how old they are about what they have read or would want to read or learn about. Have children go outside and start a garden, plant vegetables and fruit. Learn how to grow a garden to pick fruit and vegetables when they are ready to be eaten. Children can always stay inside and play a board game there are a few games to play monopoly, trouble, and cards are really fun games. Boggle and scrabble would be also good to use their brains.

Out of Body Experiences Speech Essay

Do you ever feel as if you’re watching the World the same way you watch tv, that’s what an out of body experience is like. Today we are going to discuss what an out of body experience is, how they are believed to occur, and in labs how are they being tested. An out of body experience is when you watch the world from a location outside of your body. During this you can see your body and the way you behave, yet you aren’t controlling your movements. It is said that at least 5 to 35 people out of 100 experience this sometime in their life. British psychologist, Susan Blackmore, says the experience has many similarities as dreaming and very close relations with lucid dreaming. According to PHD Stephan LaBerge in his book, Nightlight, they are, â€Å"The human consciousness separating from the human body and traveling in a discorporate form in the physical world. † Another popular belief is that these are also hallucinations, but if that were true how would all the same people have the same delusion? Now that we’ve discussed what they are let’s move on to how they happen. These experiences are believed to have a connection with mind altering events. Such as traumatic events, drug use, or dehydration; still that isn’t the case 100% of the time. The majority of the people experiencing these also had neuroelectrical abnormalities, which is any disorder with the body’s nervous system. It distorts the brains ability to process information. Even though they were first heard of in the early 1940’s yet scientists still have no concrete explanation for it. Many experiments have been performed in explaining these experiences, Time Magazine explains how these lab controlled experiments take place. They hook up a video camera to a pair of goggles, the camera shows the subject what is going on behind them so they are able to have a view of their own backs. A scientist taps the Now that we have went over what out of body experiences are, how they occur, and how they are being test; the real question is, do you this these people are out of their minds, or out of their bodies?

Jinnikins Jeans Formative Assignment Essay

The Assignment will be arranged in a business report format in regards to the evaluation of provided voice level for the staff at Jinnikins Jeans. This report will be in a very brief and efficient frame. The Jinnikins Jeans evaluation will take place by using relevant theories and models that is being covered in the lectures as well as some independent research. This will be in the form of books, journals, and some online sources in order to support the theories. I intend to open this report with clarifying how important it is for employees to have a voice in organization in general as well as stressing the fact that how maintaining a good level of voice within the organization can influence positively for the employees and could lead to growth of the company. The next step would be a brief overview of the Jinnikins Jeans case study and discuss how much they are maintaining the level of voice for employees in their business. Despite the fact that At Jinnikins Jeans the two brothers are making the main decisions, the commitment cycle model has been chosen. Because it allows to assess the impact of employees freedom voice range to the overall company’s success by using its 5 parts in the cycle. The next step of this report will focuses in more details on the motivational aspect of the employees in Jennekins base on the fact that George and Trevor are the only one who is making the decisions at the company by using two different theories as they will allow different ways of evaluation to the topic. This will encompass Hertzberg analysis and Vroom expectancy theory. Vroom expectancy theory has been chosen as it allows to discuss about the requirement of completion of 3 elements of motivational forces in relation to give voice to the employees at jinnikins. The report will argue about the fact how the brothers can understand employees interests when they are not giving enough voice to them in order to relate their interest to their final out come of their performance results and keeping them motivated. The Hertzberg analysis has been chosen as it makes it possible to analyse how the brothers reward method in order to motivate their employees really affect to their motivational level. Furthermore, The report will evaluate how giving the voice to employees in Jinnikins Jeans has effected to the overall performance and their motivation by counting in using Hertzberg theory. Throughout the report, references of academic books will be present. These will include the core and recommended references provided in the module guide. Furthermore, journal article will act as vital point of reference in order to evaluate Jinnikins Jeans in more details. The report will be referenced using Harvard style.

Group Roles and Norms Essay

Explicit norms are rules that are clearly stated. Implicit norms are hard for people with difficulty with socially-based learning. Roles within groups are different tasks that different people perform and the specific accomplishments each is expected to attain (Baron, Branscombe & Byrne, 2009, p. 384). An example of an explicit role is a professor for a class. The students in the class play the explicit role in the course. The professor’s role is to guide and nurture their students. An implicit role that students have is that they are just as likely to have a great deal to offer to the class as a group if the professor can create a safe, accepting environment that encourages the free exchange of ideas. Norms are rules established by groups which define acceptable and unacceptable behaviors (Baron, Branscombe & Byrne, 2009, p. 387). Horne (2004) specifically focuses on the sanctions which enforce the rules. An explicit norm for the classroom is that the students come prepared to class, as the roles are clearly stated in the syllabus. An implicit norm is that students have to come to class prepared. Students attempt to enforce the implicit norm by letting the instructor know they are prepared for class. An explicit norm is the length of time for classes. The class can deviate from the implicit norm while adhering to the explicit norm that classes will meet the whole length of class time. Some of the initial consequences to deviating from the implicit norm which students are that they wish the professor will follow their body language to let class out early. This reinforces the explicit norm that they will come to class prepared, violating their implicit norm that they will not participate in class. The professor can uses a form of sanctioning called Jeopardy. Professors can have students clear their desk so that students cannot attempt to enforce the implicit norm that class will dismiss early. Rewards are provided by group assessments. Creating accountability, both to the group and to oneself by creating a grading system that balances group work, daily grades, and tests is the best way to ensure a fairly smooth and regular routine to the classroom. Students unwilling to meet these explicit norms will ideally move on quickly to other courses where the implicit norms are more likely to be met or choose to adjust their behavior. References Baron, R. A., Branscombe, N. R., & Byrne, D. (2009). Social psychology (12th ed.). Boston: Pearson Education, Inc. Horne, C. (2004). Collective benefits, Exchange interests, and norm enforcement. Social Forces, 82(3), 1037-1062.

Hugh’s character Essay

The final story, which Hugh tells, incorporates the many criticisms of Hugh’s character. He covers up his own failings and inadequacies as a defence mechanism and reiterates this by saying to Owen, ‘to remember everything is a form of madness. ‘ This story is almost a turning point of Hugh’s character and for the audience’s interruption of his character. Hugh is no longer a two dimensional caricature but a real character with human attributes, hence why we can be critical and admirable towards him. After all, Hugh is a self-educated man with a vast depth of knowledge of the Classics, speaking four languages, that we know of, Greek, Latin, Gaelic and English; nearly all of which he would have to have taught himself. He seems to be driven to share his knowledge. By teaching the Classics in his environment of rural poverty, himself a picture of poor ragged countryman, we must appreciate his drive and ability. Hugh also formed the ‘Hedge School’ well as far as we know. He is attempting to educate the locals and one almost feels that he has taken the school from the hedge lines into the barn and still as an old man in his early sixties he has the ambition to move onward and upward to a new position at the new national school. He is clearly a figure in the local community who is looked up and respected by his peers and students alike. In addition, Yolland has a great deal of respect for him, calling him † an astute man. ‘ Yolland almost has more respect for Hugh than Owen does because Owen continues to be critical of him and Yolland repeats, ‘But so astute,’ almost placing Hugh on a pedestal. In addition, as an audience you have to respect his ability to cope with his situation, his wife has died and his sons are without a mother. It is easy to be critical of Hugh but you have to admire his ability to cope with the hard reality of the times he is living in even if that means trying to erase the past. After all he did live in an age of hand to mouth existence and he almost blocks out the reality of these hardships. His survival mechanism is a natural and human instinct. We cannot really blame him for wanting to live in an unrealistic world of Greek myth and Latin past. Neither can you chastise his drinking. His lifestyle and the stress of his situation is what drives him to drink and you cannot really fault him for that. All of these small but simple gestures that Friel incorporates into Hugh’s character are what make us as an audience have admiration for him. Friel does not create a stereotypical character, but a ‘fully-rounded’ individual with human qualities, it is these qualities, which allow us as an audience to both admire and criticise his character.

Innovation Essay Example | Topics and Well Written Essays - 3000 words

Innovation - Essay Example However, with the increased information technology, there emerged rivals into the DRAMs market that started to compete with Intel Company such as Japan. This brought about the decrease in the company’s sales as there were different choices of products where the customers would choose from (Aid, 2012). This resulted in a loss for the company’s accounts as it had ventured a lot of funds into the DRAMs project. Some of the companies had a much more advanced technology in the manufacturing of DRAMs such as the ones that were used by the Japanese. The Japanese had links with the various raw materials, as well as labor suppliers. Skilled labor was readily available for the Japanese thus making great inventions into the DRAMs market. Through the availability of effective machinery in the Japanese’s industries, they were able to effectively assemble DRAMs that were of a higher quality compared to the ones that Intel was assembling. However, some companies such as Nikon helped in the advancement of the DRAMs thus beating Intel Company out of the market. Financial institutions in Japanese provided low interest charges on loans to the investors. This lead to the motivation of the entrepreneurs who had an eye in the assembling of the DRAMs thus resulting in increased variety of the products. With the continuously improving technology, the firms with the adequate and modernized machinery were the only ones that had a competitive advantage in the DRAMs market. This resulted to the decline of most of the firms that were technologically poor as their products did not meet the expectations of the clients (Aid, 2012). The company’s success can be attributed to its uniqueness in the undertakings in the micro-processor market. The company was strategically positioned in regard to successfully having an exploration of the microprocessor venture through technological designs. This favored the markets of the processors

WRITTEN ANALYSIS OF A MOVIE- THE MAN FROM EARTH Essay

WRITTEN ANALYSIS OF A MOVIE- THE MAN FROM EARTH - Essay Example The story is kept on going by conversation of characters throughout the film, driving the plot of the film. The whole movie revolves around Cro-Magnon, his professor and teacher friends at his farewell party who play with the viewers’ intellect. The film involves characters of different professionals, ranging from an anthropologist, a biologist, a psychologist and a religious expert, all who appear in the small house, from where their friend John is preparing to leave. John keeps on moving to new places to avoid being noticed by people that he doesn’t age, a secret he has kept to himself (Philosophical Films 2007). As the movie begins, Professor John Oldman packs his belongings in a truck in preparation for moving to a new home. It is at this point that his friends gather to give him a farewell party. The friends are John Oldman, Dan, an anthropologist, Harry a biologist, Edith who is devout Christian, Sandy who is a historian in love with John, Art an archaeologist, Linda Murphy who is an Art’s student and Will Gruber who is an old psychiatrist. It is at the party that his friends curiously question John about his reasons for leaving them to another place that soon (Philosophical Films, 2007). As John tries to explain his reasons for leaving, his friends get the revelation that John was the person who had lived for 14,000 years. His friends initially think that John is giving them one of his science fiction stories. By describing his origin, he reveals to them his long journey in life, right from the time he was given an opportunity to ride with Christopher Columbus long back in the 15th century. From this recollection, his friends come to the realization that he had, in fact, survived for the said 14,000 years. His friends get the revelation that John was once Jacques Borne and his time to leave has come since some people had started noticing he was not aging. Doubting John’s mental condition, one

Incidence of Income Tax Term Paper Example | Topics and Well Written Essays - 1500 words

Incidence of Income Tax - Term Paper Example Under the progressive income tax policy (a progressive tax takes a larger share of the income of high-income taxpayers than of low-income taxpayers).   The incidence of the tax is shifted more on the high-income group than to the low-income group (Samuelson and Nordhaus 1992). Following are the effects of taxation on income: Under progressive income tax policy, ya family with $50,000 income is taxed more than one with $20,000 of income. Not only does the higher-income family pay a larger income tax, but it in fact pays a higher fraction of its income. Such income tax policies are aimed to minimize the distortions between haves and have-nots. It influences the consumption patterns of higher-income families and affects overall consumption patterns of an economy. On the other hand, progressive income taxation policies are politically controversial issues and are regularly used in electoral campaigns. A larger share of the burden of VAT falls upon the consumers because the producer/manufacturer (VAT registered persons or companies) pass on the financial impact of such a tax on to the consumers. Suppose that a product, say the laptop, has been imposed a VAT. The burden of this tax imposition will not be born by the supplier or manufacturer of the laptops rather it will be passed on to its customers by raising the price of laptops by the percentage of the tax imposed. The ultimate consumer bears the burden of VAT and it’s him whose consumption is being affected through a value-added tax. Advantages: Registration for VAT makes an overall good impression for your company. Since large corporations usually register for VAT, therefore, if a newly established company registers itself for VAT, the customers, and for that matter suppliers, heed it as an established, large company. Registration for VAT also has financial benefits. If a newly-established company registers for VAT then it automatically avoids the penalties for non-registering when it becomes legally mandatory to register for VAT. It is a precautionary step.

Operation Ripper, Korean War Essay Example | Topics and Well Written Essays - 500 words

Operation Ripper, Korean War - Essay Example tion involved the entire divisions of Eighth Army as well as the airborne troops of the 187th Regiment Combat Team and the 2nd and 4th Ranger companies. A number of the historical accounts on Operation Ripper identified it as offensive with an exclusive objective of capturing Seoul. However, there are accounts that Operation Ripper has a deeper goal than merely driving away the enemy from a specific location. Dorr and Thompson (2003) explained that throughout the Korean War, the American soldier did not have the killer mentality that would ensure efficacy in the battlefield: "A study showed that 27 percent balked, deliberately passing up a chance to aim and shoot their MI Garand rifles when an enemy soldier presented a target."2 So, the newly installed General Matthew Ridgway, planned Operation Ripper to remedy this problem and inflict as much casualty as possible. The operation was originally called Operation Killer, describing its ultimate objective. Soldiers were conditioned to kill. They were reminded that the job entailed killing and the destruction of enemy equipment. This is demonstrated in the standard pep talk delivered by sergeants to the UN troops: "Your job is to point that goddamned thing into the other guys face and shoot him deader than a doornail."3 The tactics involved included the coordinated offensives and strictly preserved lateral security that avoided immediate interdiction.4 After the operation, it was reported that the United Nation troops were able to kill 7,000 Chinese soldiers.5 While Operation Ripper did not decimate the enemy completely, it successfully drove them out of Seoul and further up north. In this respect, it was able to attain some degree of success for the United Nations efforts during the Korean War. The success of the operation was able to change the lackluster performance of the troops. There are those who argued that the outcome turned the tides of the war. In the political front, Operation Ripper convinced policymakers

Homeland Security Assignment Example | Topics and Well Written Essays - 2250 words

Homeland Security - Assignment Example Foreign Intelligence Security Act (FISA) The 1978 Foreign Intelligence Surveillance Act (FISA) allowed agents easy access to warrants if they could show that there was a substantial â€Å"foreign intelligence† angle to their work; the warrants would be granted by a special FISA court. FISA can now be used in cases that are entirely crimial in nature, agents can get automatic â€Å"admisitrative† FISA warrants as long as agents can assert that there is some foreign intelligence angle to the cases, they receive such warrants on demand (Darmer, 2004). Prior to 9/11, FISA was not considered a law enforcement tool; its function was solely preventative. FISA surveillance powers were available only when the primary purpose of an investigation was to obtain foreign intelligence, including counterespionage and counterterrorism information. FISA authorized surveillance under flexible conditions that are considered unacceptable when the government’s objective is to gather e vidence for criminal persecution (Howard, Forest and Moore, 2006). FISA surveilleance is permitted after showing diluted suspicion not equivalent to the traditonal criminal starndard of probable cause. Surveilllance and searches can continue over extensive peiods of time, with less jusicial supervision. The person targeted normallly is never notified that he was subjected to surveillance. If that peron is prosecuted, his attorney normally cannot review the surveillance documents for prurposes of his defense, as they could if surveillance had been conducted under conventional law enforcement standards (Darmer, 2004). If the judge finds that there is probable cause that the individual is indeed a terrorism funder, then he can use the provisions as set by FISA to determine whether this calim is true or not. FISA establishes leagl procedures for electronic surveillance, physical serches as well as the use of trap and trace devices and pen registers to gather jevidence. if this evidence is collected on the activities of the suspect, then it can be used agaist him in court. this law is applicable to anyone who is involved in any way in terrorism activities. this means that anyone found guilty of terririst activities can be tried using this law regardless of whether he is a citizen of the US or not. the Lone Wolf provision of FISA also allows for the prosecution of a suspected terrorist without having to confirm the people he/she is working with. inthis case, if there is enough physical evidence to show that the suspected financier of terrorism is guilty as charged, there is no need to find the people he is working with jfor him to be sentenced. The USA PATRIOT Act This is an Act of the US Congress which became law on 26 October 2001. The letters USA PATRIOT are acronyms for Uniting and Strengthening America by Providing Appropriate tools Required to Intercept and Obstruct Terrorism Act of 2001 (Bazan, 2008). This is one important piece of legislation that every judg e dealing with a terrorism case should be conversant with. the issues that are likely to come up in regards to this law are discussed below. The Patriot Act has ten titles outlining new powers of government for counterterrorist activities, expands technical support for the FBI, expands electronic intelligence gathering research, and defines presidential authority in response to terrorism. The purpose of Title II is to improve the government’s ability to gather electronic evidence. Title II allows

California Clinics Essay Example | Topics and Well Written Essays - 1250 words

California Clinics - Essay Example This will in turn increase the required rate of return. ii) Time Preference for Consumption: If people choose to consume their income now rather to save, this will reduce the supply of investment capital oblivious to the demand of investment capital at that time. In this conditions, the firm's will find lesser sources lending investment capital and they try to attract more investment capital by offering them higher interest rate and this will again increase the required rate of return from the investment following the higher rate of interest that these firms will be offering. Similarly, if people decide to save now and spend later, this will lead excess supply of investment capital in the market. The firms here will be able to obtain investment capital at lower rates and will enjoy decreased interest expenses. Some projects that were not feasible because of high interest rates in the market will now become feasible and firms will borrow more. However, due to excess investment capital available in the market, the interest rate will decrea se and so as the required rate of return. iii) Risk: Risk requires compensation and likewise it will affect the interest rate of capital of investment. If the risk of an investment is high, then the investors will only be willing to invest in that project at very high interest rates. ... iii) Risk: Risk requires compensation and likewise it will affect the interest rate of capital of investment. If the risk of an investment is high, then the investors will only be willing to invest in that project at very high interest rates. If the risk of a certain project is low, then the investors will be investing in that project at lower rates of return and interest rate. Hence, we can develop a relationship between interest rates and the risk of a project. These two variables are directly related with risk being the independent variable and interest being the variable depended upon risk factor of a project. Any increase in the risk factor is going to increase the interest rate or required rate of return of a project. Similarly, if the risk factor of an investment is low, so will be the interest rate. This clearly shows that risk requires compensation and interest rates vary depending on the risk factor of a project. A logical explanation to this is the fact that very few peopl e are interested in investing in highly risky project fearing that they may lose out their money. As a result, the supply on investment capital is very low for these projects and vice versa. Inflation: Inflation reduces the purchasing power of money. It erodes the purchasing power of people if their money is not invested into projects yielding interest rates which are at least equal to the going rate of inflation. If the interest rate earned is less that inflation, then you are losing out the real value of your money. This means that it won't be able to buy in the future, as much as it buying now. This is a dangerous situation for investors as they are faced with a situation in which the real value of their assets is decreasing. In times of inflations,

World Povery Causes and Role of Foreign Aid Essay

World Povery Causes and Role of Foreign Aid - Essay Example However, this development is seen only in the developed countries. There is a strong reason behind it. The developed countries have resources, education and most importantly money. They have all the factors which are necessary for a normal citizen to fulfill his needs. On the other hand many countries of the world are struggling with the issues of overpopulation and unemployment that eventually cause poverty. The cause of world poverty are many but it has been unveiled that the foreign aid provided to the deprived countries is usually not sufficient enough to fulfill their basic demands and thus inefficacy of foreign aid has evolved as one of the major factor behind the world poverty. Everything has a side effect and in the same way, the overuse of these resources and foreign aid by the developed countries tend to leave less for the other under developed countries that then face poverty. Poverty is a problem that cannot be solved instantly. It has to be a combined effort of everyone working together. However, before the solutions, there has to be proper knowledge about the main causes of poverty. There are many causes, big or small, that result in world poverty and give rise to the many problems caused by poverty (Bauer, 1992). Firstly, the main cause of poverty is overpopulation. When there are limited resources and too many people, it becomes hard for all the people to benefit from those resources thus causing poverty. This can be applied to many of the cases such as places to live. If there is limited property, it is obvious that the elite class will get the chance to utilize the area as they can afford it. The ones who are left unsheltered are the ones attacked by poverty. Overpopulation is closely linked to the literacy rate. Literacy rate plays an important role in managing the poverty levels of a country. If there is a low literacy rate, there will be less people to earn and fulfill their demands. The illiterate people are, however, engaged in agricultur al activities that can never fulfill their needs for a comfortable life. Illiteracy results in high birth rate, and thus more need of limited resources. The developing countries have more urban areas where the environmental degradation causes poverty as these areas have shortage of clean water, food and shelter (Mitchell, 2007). Another cause of poverty closely linked with the literacy rate is employment. In many developed countries, life is getting too fast like technological based. They use manufactured goods so there is less demand for natural resources. In developing countries, the people employed for the extraction of natural resources need to be highly professional, again leaving behind the illiterate population. Moreover, these employees are paid less wages with which they can only support their basic needs. Apathy is another major problem in poor countries which leads poverty levels to rise. The people feel so powerless and hopeless that they refuse to improve conditions, fi x problems and judge between right and wrong. When they see someone in their family or society rising above or trying to make a change, they get jealous and discourage them. This results in tension and suspicion in the society. An individual or a group of people feel so helpless that they start to depend on help from outside and forget about making a change on their own. Ignorance is another major factor as lack of education is the trigger that leads to poverty. The main contribution in the increase of poverty levels is from the government. The government of developing countries has become powerless. The government is influenced by the external influence of rich people who formulate the

The Sovereignty of Parliament Essay Example | Topics and Well Written Essays - 1500 words

The Sovereignty of Parliament - Essay Example The basic tenets of these are based on the precepts of the Constitution itself.3 A. V. Dicey in 1885 summarized in his definition of the Rule of Law three areas are comprised: English law is what rules the citizens, not those that establish the law or choose to use it for their own advantage; there is an intrinsic understanding that all are equal under the law; and lastly that a constitution is a result of the laws of the land not the converse.4 One of the most contentious issues of debate concerning the Constitution remains the Sovereignty of Parliament. ... ant role is that of a legitimizer of the government's actions,6 dating back to one of the founding documents of the British Constitution, the Magna Carta.7 Written in 1215, the Magna Carta laid the cornerstone of the Sovereignty of Parliament in that it limited the power of the monarch by written grant.8 Modern Parliament was formulated with the passage of the Act of Union 1707 with the joining of the Scotland under the federal rule of Britain while still allowing them some autonomy.9 The British Common Law constitution acknowledges the sovereighness of the monarchy; however, it affirms that likewise, as they must uphold the law, they are powerless to change it; that rests solely with Parliament.10 Several cases upholding its Sovereignty follow. Pickin v British Railways Board [1974] HL upheld the Supremacy of Parliament in that the judicial challenge of any act of Parliament is disallowed.11 Vauxhall Estates v Liverpool Corporation [1932] DC held that the Sovereignty of Parliament is assured and no Parliament may bind another parliament.12 Similarly, Ellen Street Estates Ltd v Minister of Health [1934] held that the Sovereignty of Parliament was absolute and there is no judicial review allowed.13 The 1998 Human Rights Act (HRA) has, some suggested, further weakened the Sovereignty of Parliament. Section 19 of this Act is particularly important in that without its full knowledge and clear understanding Parliament will not enact any legislation incompatible with the convention without its full knowledge and understanding. The Minister is required upon introducing a bill to Parliament to make a clear statement as to, in his opinion, the bill contradicts the convention. If he is unable to make a determination as to compatibility he is required to state

Environmental Pollution Essay Example for Free

Environmental Pollution Essay Environmental pollution is the biggest menace to the human race on this planet today. It means adding impurity to environment. The environment consists of earth, water, air, plants and animals. If we pollute them, then the existence of man and nature will be hampered. It is true that trees are being cut down rapidly. Our earth is becoming warmer. If pollution continues, the day is not far when our earth will be a boiling pan and become a desert. Or it will be covered with sea water causing destruction of mankind. Pure air is always needed for inhaling. If we take pure air, our health improves. On the other hand impure air causes diseases and impairs our health and causes our death. Smoke pollutes the air. It is the root of air pollution. The smoke which is discharged from industries, automobiles and kitchens is the mixture of carbon monoxide, carbon dioxide, methane etc. These are all poisonous gases. These cause lung-cancer, tuberculosis etc. which take a heavy toll of life. The glaring incident is the Bhopal gas leak in December 1984. Thousands of the residents of Bhopal died due to lungs problem which was caused by methylamine gas from the Union Carbide Plant. The garbage emitting foul smell, the decaying plants and animals also cause air pollution. Hence the doctors advise the patients having lungs trouble to settle in some rural places because the air of villages is pure and free from population. Then comes sound pollution. The harsh sounds of buses, its, mopeds etc. affect our power of hearing and causes fart trouble. It has been reported that there are two villages named Biraspalli and Devadas Palli near Dum Dum airport m Calcutta where a large number of people have lost their power of hearing. This is because of the frequent sounds of planes coming in and going out of Dum Dum Airport. The evils of sound pollution can be imagined from this example. The water of rivers and seas is being constantly polluted all over the world by various dangerous chemical and biological wastes. Mills and factories discharge very harmful waste waters into many rivers and sea. The water of the Ganges flowing by the side of both Varanashi and Calcutta is extremely polluted and contains all sorts of dangerous bacteria. It is really very strange and laughable that large number of the Indians regard this water as holy. They even drink this water for salvation. There is no doubt that the fish that grow in such waters are poisonous too. Reckless application of chemical fertilizers, insecticides and pesticides pollutes the soil. Vegetables and fruits are quite injurious today, because they contain the poison of insecticides and pesticides. If the air we breathe, the water we drink and the soil which produces our crops, vegetables and fruits, all become more and more impure, then our chances of good health and longevity will be very less and less. Environment pollution is a serious menace to our existence. Realising the danger, we must plant trees in large number to absorb impure air. Impure water from industries can be sent back for purification and then it can be used for irrigation purpose. Our government is well aware of the fact and is taking steps to save environment from pollution. We have also I minister to look after the environment.

What attracts you to the field of social work?

What attracts you to the field of social work? 1. What attracts you to the field of social work? I have always been deeply committed to helping others, especially helping those who come from similar backgrounds such as mine. Several experiences have stimulated my attraction to the field of social work. The first step towards my passion to study social work was formed when I was about four. My parents were unfit to raise my siblings and me, which consequently led to foster care. At age four I had no idea that day would lead me on the path of becoming an effective agent for social work. While in foster care, I met some amazing social workers who went beyond the call of duty. My social workers were talented, committed, and hard working. As I became older, my interest in social work grew. I started asking my social workers how do I become a social worker. In so many words, they explained that I have to do well in school, and go to college. While in college, I can major in the field of social work or closely related field. My social workers were my first insight to what a social work er is and what a social worker does. The fact that my social workers were committed to my well-being and pushed me to my full potentials demonstrated their concern for me as well as their ethical commitment. Secondly, are the three premises on which social work is based on. Which are very straightforward. First is that the person or group is important. The person or group has a problem that may arise from many different factors, and lastly finding a solution to help solve those problems so that person or group can live a better life. Finally, is the range of opportunities for a social worker in the field of social work. Social workers can be found in hospital, schools, community health agencies, and international organizations just to name a few. I give my social workers credit for the knowledge they have shared with me as well as encouraging me to reach my personal goals to become a social worker. 2. What influences, persons, or work/life experiences guide your choice of social work as a profession? I have not always been the strong confident person I am today. My outside involvements were my social workers, and independent living coordinator. They play a huge role in my influence to study social work and to become a social worker. Sometimes I often wonder how different my life would be now without my social workers involvement. I adopted many things from my social workers, things such as how to be compassionate and caring towards others, how to set and reach my goals, as well as how to be a hard worker. Some people fail to realize the impact of encouraging words to others. I can remember when I was in the twelfth grade my social worker Tameko was picking my sister and me up from school to help us fill out some important paper work for college. On the way home, she explained to us that we are smart and beautiful girls who can be anything we put our minds to. Do not let our circumstances define who we are. That moment of encouragement has not only stuck with me but has changed the way I think about my life. I then realized that I determine my future and should not be ashamed of my parents mishaps. Studies show that the cycle of poverty repeats it self for at least three generations. I new at a young age I did not want to repeat the cycle of abuse, poverty, and addiction so I worked hard to accomplish my goals. In practice, I have had an opportunity to work with Independent Living Program. Which is a program that helps youth ages 14-21 with career training, educational opportunities, p ersonal finance, job-hunting skills, independence skills, and so much more. I also took a Counseling Practicum class, which gave me an opportunity to observe and experience working within the Augusta Pregnancy Center. Which is a non-profit agency that provides services to women who are facing challenging situations? In this course, I was able to learn the specific skills required to care for the women and their unborn child, ethical principles, and ethical standards. These experiences has only increased me love for the field of social work and given me valuable experiences working with women and children. 3. Discuss personal strengths you possess which will make you an effective helping person. I chose social work, but in retrospect, I think social work chose me too. I often wonder what kind of career I would be interested in if I was never in foster care. My own personal background would make me an effective helping person. Growing up in the foster care system I will be able to relate to the youth and families I will be serving. I know what it feels like to be sent to different foster families. I know how it feels being afraid to trust people and being afraid to talk about being in foster care. I believe that children who have been abused and neglected find it difficult to trust people. I believer children in foster care would feel a sense of understanding, being that I have came from similar backgrounds. My personal strengths that I posse are the willingness to help others unconditionally. My social workers were very committed to me, and I want to share that same commitment with others who are vulnerable. My experience has taught me how to be non-judgmental, how to demon strate empathy, and how my improbable journey can inspire others. In addition, my undergraduate study in Psychology-Counseling has provided me with a better understanding of why people think, feel, and act the way they do. I believe that understanding the behaviors of people is very important tool to posses in the fields of social work. I also understand the importance of volunteering to help improve my community and neighborhood. I am currently a foster care club member as well as an on line message board member for foster care. I also volunteer in the Jefferson County Public School system and Woodhaven Place social committee. Volunteering is one of my most rewarding experiences for me and it gives me an opportunity to help my community as well as gaining skills to better help others. With my experiences during my undergraduate studies and currently I know that social work as a profession is ideal for me. 4 Discuss your vulnerabilities as these influence your development as a professional social worker. Specifically discuss any history of substance abuse, problems in a work setting, criminal activity, and/or help-seeking for personal issues. We are all vulnerable at any given point in time because of life circumstances. For example, illness, humiliation, harassment, natural disasters, poverty and abuse; however, some of us are more vulnerable than others. In my case, I was susceptible to physical abuse and neglect which has made me a strong person. My life experiences has not crippled me, but has inspired my concentration in public welfare so I can serve others. My past vulnerabilities will help me because they provide me with a better empathy of what children and families are going through in disadvantage situations. I thank God for my fears. One of my biggest fears in life was to end up like my parents. My fear has led me to never have an interested in drinking or using drugs. I never had any problems in a work setting nor have I had any criminal activities. I never seek any professional help for any personal problems that I have had in the past, however, there was a group that I was involved in call ILP that stands fo r Independent Living Program. This organization is amazing. This is where I met my Independent Living Coordinator who has been such an influential role model. The Independent Living Program is where I got my voice. In this program, I learned how to be more confident as well as how to share my life story with other youth that were in similar situations as me. I think this program help me cope with the personal issues that I was experiencing at that time. 5. Describe your special work practice as you anticipate it five years from now. Five years from now I see myself helping abused and neglected children who are in need of a positive social worker. This is with out a doubt the right vocation for me. I am passionate about working with this selected group, because of my own personal experience as an abused and neglected child. I have a special place in my heart for children especial those who are suffering because of their parents inability to protect and provide for them. I often wished I had a magic wand to protect the kids who are being abused, but realist I do not. However, what I can do is take the necessary steps to become an accomplished social worker, which will enable me to help protect children from all forms of child abuse. In the years ahead, I also see myself volunteering to help educate foster parents on how to be equipped foster parents. To often there are foster kids placed with families who are not properly trained. In order for me to succeed in my endeavors towards protecting children, I realize th at a masters degree in the field of social work is essential. After attending your information sessions, I had the opportunity to better understand how Spalding University can help me reach my academic and personal goals. I became more aware of the importance of social work principles. I was able to learn more about your Masters in Social Work program. I was so impressed with Spaldings devotion and history to their Social Work program. I am very excited about learning the fundamentals which will help me sharpen my skills as I pursue my dream of becoming a professional social worker as well as sharing my knowledge. I look forward to using the knowledge and skills that I will develop at Spalding University to help abused and neglected children reach their greatest potentials. I promise to uphold and exceed all that is expected of a student at Spalding University, as well as a professional social worker.

Advantages And Disadvantages Of Shareholder Value Approach Finance Essay

Advantages And Disadvantages Of Shareholder Value Approach Finance Essay Nowadays shareholder value approach reflects to a modern management philosophy, which implies that an organization measures its success by enriching its shareholders. Shareholders or stockholders are individuals or institutions that owns in a legally form shares of a corporation. They are considered to be a subset of stakeholders, which are all individuals or communities, who have a direct or indirect interest in the business entity (e.g. suppliers, customers, government, competitors etc.). The philosophy of the shareholder approach attempts to increase the organizations value by enhancing firms earnings, by increasing the market value of corporations shares and by increasing also the frequency or amount of dividend paid  [1]  . Furthermore according to many business analysts shareholder value approach provides managers with clear mission and it facilitated decision making. Whether is it reasonable or not for the managers and the overall welfare of the organization, this is something, which is analyzed later on the seminar paper. All these objectives, companies strive to achieve, make this value analysis a traditional business measurement used in business today. The idea is that shareholders money should be used to earn a higher return than it could by investing in other assets with same amount of money and risk. It was developed in the 1980s by Alfred Rappaport and it can be used to estimate the value of shareholders Stake in a company or a business unit and also as basis for meeting and evaluating strategic decisions. Furthermore there is a pervasive consensus that managers should strive to maximize shareholder value and by doing so helps the organization to maximize social welfare. According to Hansmann and Kraakman, 2000, most widespread arguments is that corporate managers should act exclusively in the economic interest of shareholders and that the best means to this end, the pursuit of aggregate social welfare, is to make corporate managers strongly accountable to shareholder interest. In fact a precious tool for measuring all the above is the Shareholder Value Analysis, which follows later on the seminar paper, examining also the advantages and disadvantages of its implementation and function. Furthermore will be discussed the financial arguments and the reasonability of the Shareholder Value Maximization as long as relationship between the shareholder value, ethics and social responsibility as well. SHAREHOLDER VALUE ANALYSIS Shareholders value analysis (SVA) is also known as value based management. Its lead by the principle that the management of a company should take into consideration the shareholders interest and advantages before meets any decision, set short-term or long-term objectives and decide companys strategy as well. SVA is a characteristic substitute for trade business measurement, which has improved a lot by time passing. Due to the fact that companys value is calculated based on the value returned to its shareholders, in the past had been criticized for being either short-term measured or only based in past figures. SVA takes a longer-term view and is about measuring and managing cash-flows over time.  [2]  The shareholder value is calculated by estimating the total net value of the company and dividing the figure by the value of shares. Once the value has been calculated the company can set targets and objectives for improvement and measure also its managing performance. For a successful implementation of shareholder value analysis first managers should understand and calculate the organizations shareholder value and gain top management commitment. SVA believes that to assess business performance though maximization of shareholder value is an objective to be accepted by the top management to be achieved and part of the root of the organization. Furthermore managers should identify the key value drivers of the organization and set performance targets providing a framework also with assigning responsibilities to individual managers, reviewing the financial performance of the business and developing strategic plans. To continue with, the approach should be communicated and the staff must be trained. In many case in order to effectively reach the SVA companies are willing to change also the organizations information systems to monitor and measure performance. It is important also to mention that the creation of sustained value will require permanent moni toring and thats mainly the reason for the managers to monitor review progress and refine the targets.  [3]   ADVANTAGES OF SHAREHOLDER VALUE ANALYSIS Shareholder value analysis has as principal that the management of a company should first consider the interest and the advantage of the shareholders, before it meets any decision. The Advantages of Shareholder Value Analysis are performed as follows: It provides a long term financial view on which to base strategic decisions It provides a universal approach that is not subject to the particular accounting policies that are adopted. It is therefore internationally applicable and can be used across sectors It forces the organization to focus on the future and its customers, in particular the value of future cash flows. DISANDVANTAGES OF SHAREHOLDER VALUE ANALYSIS However disadvantages of the shareholder value analysis are performed as follows: Estimation of future cash flows, a key component of SVA can be extremely difficult to complete accurately. This can lead to incorrect or misleading figures forming the basis of strategic decisions. Development and implementation of the system can be long and complex. Management of shareholder value requires more complete information than traditional measures.  [4]   PRINCIPLES AND DECLARATION ABOUT SHAREHOLDER VALUE MAXIMIZATION The commitment of an organization among shareholders is not a theoretical future goal of an organization but is very often stated to the companys mission statement. Usually firms aim at shareholder value creation and maximization when they make claims such us we create value for our shareholders, we want to provide excellent return for our shareholders, and we have a responsibility to our shareholders. Our mission is to remain a strong and independent financial services organization creating value for shareholders, customers, employees and the communities where we do business, while maintaining the highest standards of business ethics. Mission statement, Chemung Canal, Trust company Many academics through the years had an overall perspective that managers should strive to maximize shareholder value and that doing so maximizes social welfare. According to this belief managers should act in the economic interest of their shareholders and thats the fundamental objective of the shareholders. As the shareholder value is difficult to influence directly by any manager, it is usually broken down in components or value drivers, such us revenue, operating margin, cash tax rate, Investment in Working capital, Cost of capital and competitive advantage period.  [5]  Though it is important to mention that quick profit doesnt give return to shareholders; usually competitive advantage takes care of it. If a business choose to sell lower standard products to reduce cost and gain quick profit it may have the danger that its reputation will be destroyed, will lose competitive advantage and the price of its shares will be reduced. Is the shareholder value maximization a healthy defined target for the organizations? Nowadays no country, not even the shareholder-friendly USA has a legal requirement that managers act absolutely in shareholders advantage and in fact the law makes it legal for directors to consider also other interest. Although firm that are willing to have an openly commitment to shareholders seem to do better in comparison with others, there is no case that make shareholders value maximization the societys most desirable corporate target or that competitive markets for goods, capital and labor pressure managers to seek on that specific goal.  [6]   Furthermore, markets are incomplete; meaning that profit maximization is not well defined and possible conflicts of interest cannot be prevented or in many cases resolved. Under this assumption financial researches have shown that stakeholder-oriented firms are usually more successful than shareholder-oriented firms, because market forces are forcing them to do so. What role do market forces play in the shareholder value maximization? Competitive markets are playing a significant role to this argument because they can push managers to act on interest of all stakeholders. Usually they are pushing inefficient firms to cut costs and focus on customer needs rather than shareholders interest. Managers can survive the challenges of competition even though they do not maximize economic profits; but capital markets have this role. It seems that capital markets do not leave managers another way but maximizing shareholders interest and doing so maximizing companys welfare. If investors with many shares of an organization feel that share are going more and more down and start losing money, they may try to take action and influence the decision making, which could mean that managers are risking their jobs. All in all the combination of the different market forces are those, who can affect or even force managers to act in advantage of stakeholders. A mentioned the basic principles of shareholder value maximization are not clearly defined for the market and even if so, are not in many cases reasonable and possible in the real world. Corporate social responsibility is one of the main targets organizations are focusing, because it keeps them competitive and acting in an ethical way can also achieve the maximization of shareholder value. Let us take a closer look to CSR and how can affect the overall shareholder value approach. SHAREHOLDER VALUE AND SOCIAL RESPONSIBILITY How managers and organizations respond to ideas of corporate responsibility is expressed by the idea that organizations have external environment with an interest in, or who are affected by what the organization does. Additional to this are the ethical investors advocating care for the natural environment. With the term ethical investors are mined those people who are investing only in businesses that meet specified criteria of ethical behavior. These stakeholders can affect in a negative way the organization and its environment if they disapprove managers policies among things like: Negative publicity in local and national media Direct action and protests Threats or actual legal action Withholding planning or other permissions necessary for operations If managers can satisfy shareholders expectation they will maintain their support and they will also increase shareholder value. If not investors will flee from unethical companies or those who are not respecting the responsibility among stakeholders, mistreating for example their employees or the environment. Characteristic examples are Nike, Union Carbide and Exxon Mobil. The expectations of the financially centered investors are not only high return on investment but strong corporate responsibility and reputation as well  [7]  . After all corporations have a strong social and environmental impact and role. Businesses need the approval of the society to make profit and as follows to return value to its shareholders. If policymakers, investors and executives want to address corporate responsibility, the corporate governance must be coupled with global corporate social responsibility, which can be defined as business practices based on ethical values and respect for the internal and external environment of the company, such as employees and committees.  [8]   It is important to mention that being social responsible in a proactive way can create an opportunity for the firm to strategically alter production and translate innovation into competitive advantage. This is consistent with Russo and Fouts (1977) who successfully mentioned that environmental management and the associated performance outcome are integral parts of effective management, whereby a pollution prevention policy builds organizational commitment and increase employee productivity and participation. In that way they show also a link between the level of social responsibility and the return on invested shares. Managers dont face a tradeoff between financial performance for the shareholders and eco-efficiency and investors may be able to usefully incorporate environmental information into investment decision.  [9]   However shareholders cannot simply rely on market forces to ensure corporate responsibility because although market has encouraged more and more organizations to act in consideration of social responsibility, market forces have not been sufficient to ensure such a behavior over times. In many case we see that such responsible organizations may have higher costs, which may allow competitors to gain market share. Does a social sustainable environment return value on shareholders? Finally is there any relation between companies on best practices in an ethical way and the returned value on their shareholders? In some cases highly ranked companies do outperform the market (e.g. Filbeck, Gorman and Preece, 1977) while in some other case the returned value on their shareholders is significantly low (e.g. Kolodny, Laurence and Ghosh). Many of the socially responsible studies center among big organizations are performed to diversified stock market indices.  [10]  Many economists do not find statistically significant difference between the earnings of socially responsible funds compared to more traditional funds. In fact many big organizations in India have made a research over the past ten years in order to explore this relationship between dimension of ethics and CSR and shareholder returns. According to National Stock Exchange of India social responsible companies are not expected to perform higher than companies focused only to the economical welfare. CONCLUSION To sum up, shareholder value is something more than a simple organizational approach; its a management philosophy reflecting on the overall firms success, providing managers with a clear mission and facilitating decision making. The most important tool for enhancing this managerial approach is the shareholder value analysis, which gives managers all the principles needed in order to take shareholders advantage into consideration before any decision making and also provides them with practical steps in order to increase firms and investors value from top to the bottom. On the other hand, shareholder value approach often need estimation of future cash flows, which can be very difficult to complete and the development of such a system can be complex for an organization. According to many mission statements of firms, the increasing of shareholders value maximizes social welfare. But this can be reasonable only with the correct strategies and objectives in order to increase profit, gain competitive advantage and consequently return value to the investors; quick profit through lower quality products can damage not only firms reputation but also reduce the price of the shares. Although there are not legal requirements for the organizations in most countries to act in advantage of shareholders interest, and shareholder value maximization is not a clear target for the modern economies, capital markets are the ones which force managers to do so. It is important to mention that this factor is not the most important one for organizations to win competitive advantage, because they mostly have to take under consideration all stakeholders; however is one that could threat their jobs, when investors see their shares undervalued. Closing and adding to all the above external environment is affected in the same way and maybe more in comparison to the internal one. Ethical organizations and those, who are acting on interest of corporate social responsibility and consequently can affect positively the stakeholders (including customers, communities, society etc.), are able to gain ethical investors and maintain their support. For any business action society is the one, which will give the approval to make profit and as follows return value to the shareholders. Shareholder Value Approach is a strategic thinking in modern business management. It shows the balance between competitive advantage, value creation and business strategy. I would like to close this project with a phrase that George S. Day, executive director of the marketing Science Institute Cambridge, successfully generates: For a strategy to win in the marketplace, it must create sustainable advantage; only when a strategy wins in the marketplace can it generate sustained shareholder value.  [11]