Sarbanesâ€Oxley Act

01. [pic]Sarbanes–Oxley Act Sen. Paul Sarbanes (D–MD) and Rep. Michael G. Oxley (R–OH-4), the co-sponsors of the Sarbanes–Oxley Act. The Sarbanes–Oxley Act of 2002 (Pub. L. 107-204, 116  Stat. 745, enacted July  30, 2002), also known as the ‘Public Company Accounting Reform and Investor Protection Act' (in the Senate) and ‘Corporate and Auditing Accountability and Responsibility Act' (in the House) and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002, which set new or enhanced standards for all U. S. public company boards, management and public accounting firms. It is named after sponsors U. S. Senator Paul Sarbanes (D-MD) and U. S. Representative Michael G. Oxley (R-OH). The act was approved by the House by a vote of  Ã‚  423 in favor, 3 opposed, and 8 abstaining and by the Senate with a vote of  Ã‚  99 in favor, 1 abstaining. President George W. Bush signed it into law, stating it included â€Å"the most far-reaching reforms of American business practices of Franklin D. Roosevelt. † Outliness Sarbanes–Oxley contains 11 titles that describe specific mandates and requirements for financial reporting. Each title consists of several sections, summarized below. . Public Company Accounting Oversight Board (PCAOB) 2. Auditor Independence 3. Corporate Responsibility 4. Enhanced Financial Disclosures 5. Analyst Conflicts of Interest 6. Commission Resources and Authority 7. Studies and Reports 8. Corporate and Criminal Fraud Accountability 9. White Collar Crime Penalty Enhancement 10. Corporate Tax Returns 11. Corporate Fraud Accou ntability Criticism Congressman Ron Paul and others such as former Arkansas governor Mike Huckabee have contended that SOX was an unnecessary and costly government intrusion into corporate management that places U. S. orporations at a competitive disadvantage with foreign firms, driving businesses out of the United States. In an April 14, 2005 speech before the U. S. House of Representatives, Paul stated, â€Å"These regulations are damaging American capital markets by providing an incentive for small US firms and foreign firms to deregister from US stock exchanges. According to a study by a researcher at the Wharton Business School, the number of American companies deregistering from public stock exchanges nearly tripled during the year after Sarbanes–Oxley became law, while the New York Stock Exchange had only 10 new foreign listings in all of 2004. The reluctance of small businesses and foreign firms to register on American stock exchange is easily understood when one considers the costs Sarbanes–Oxley imposes on businesses. According to a survey by Korn/Ferry International, Sarbanes–Oxley cost Fortune 500 companies an average of $5. 1 million in compliance expenses in 2004, while a study by the law firm of Foley and Lardner found the Act increased costs associated with being a publicly held company by 130 percent. † During the financial crisis of 2007-2010, critics blamed Sarbanes–Oxley for the low number of Initial Public Offerings (IPOs) on American stock exchanges during 2008. In November 2008, Newt Gingrich and co-author David W. Kralik called on Congress to repeal Sarbanes–Oxley. Praise Former Federal Reserve Chairman Alan Greenspan praised the Sarbanes–Oxley Act: â€Å"I am surprised that the Sarbanes–Oxley Act, so rapidly developed and enacted, has functioned as well as it has†¦ the act importantly reinforced the principle that shareholders own our corporations and that corporate managers should be working on behalf of shareholders to allocate business resources to their optimum use. SOX has been praised by a cross-section of financial industry experts, citing improved investor confidence and more accurate, reliable financial statements. The CEO and CFO are now required to unequivocally take ownership for their financial statements under Section 302, which was not the case prior to SOX. Further, auditor conflicts of interest have been addressed, by prohibiting auditors from also having lucrative consulting agreements with the firms they audit under Section 201. SEC Chairman Christopher Cox stated in 2007: â€Å"Sarbanes–Oxley helped restore trust in U. S. markets by increasing accountability, speeding up reporting, and making audits more independent. One fraud uncovered by the Securities and Exchange Commission (SEC) in November 2009 may be directly credited to Sarbanes-Oxley. The fraud which spanned nearly 20 years and involved over $24 million was committed by Value Line (NASDAQ:  VALU) against its mutual fund shareholders. The fraud was first reported to the SEC in 2004 by the Value Line Fund (NASDAQ:  VLIFX) portfolio manager who was asked to sign a Code of Business Ethics as part of SOX. Restitution totaling $34 million will be placed in a fair fund and returned to the affected Value Line mutual fund investors. No criminal charges have been filed. Legal challenges A lawsuit (Free Enterprise Fund v. Public Company Accounting Oversight Board) was filed in 2006 challenging the constitutionality (legality) of the PCAOB. The complaint argues that because the PCAOB has regulatory powers over the accounting industry, its officers should be appointed by the President, rather than the SEC. Further, because the law lacks a â€Å"severability clause,† if part of the law is judged unconstitutional, so is the remainder. If the plaintiff prevails, the U. S. Congress may have to devise a different method of officer appointment. 02. [pic]Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) is a term used to refer to the standard framework of guidelines for financial accounting used in any given jurisdiction which are generally known as Accounting Standards. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. Principles derive from tradition, such as the concept of matching. In any report of financial statements (audit, compilation, review, etc. ), the preparer/auditor must indicate to the reader whether or not the information contained within the statements complies with GAAP. †¢ Principle of regularity: Regularity can be defined as conformity to enforced rules and laws. †¢ Principle of consistency: This principle states that when a business has once fixed a method for the accounting treatment of an item, it will enter all similar items that follow in exactly the same way. Principle of sincerity: According to this principle, the accounting unit should reflect in good faith the reality of the company's financial status. †¢ Principle of the permanence of methods: This principle aims at allowing the coherence and comparison of the financial information published by the company. †¢ Principle of non-compensation: One should show the full details of the financial informatio n and not seek to compensate a debt with an asset, revenue with an expense, etc. see convention of conservatism) †¢ Principle of prudence: This principle aims at showing the reality â€Å"as is†: one should not try to make things look prettier than they are. Typically, revenue should be recorded only when it is certain and a provision should be entered for an expense which is probable. †¢ Principle of continuity: When stating financial information, one should assume that the business will not be interrupted. This principle mitigates the principle of prudence: assets do not have to be accounted at their disposable value, but it is accepted that they are at their historical value (see depreciation and going concern). Principle of periodicity: Each accounting entry should be allocated to a given period, and split accordingly if it covers several periods. If a client pre-pays a subscription (or lease, etc. ), the given revenue should be split to the entire time-span and not counted for entirely on the date of the transaction. †¢ Principle of Full Disclosure/Materiality: All information and values pertaining to the financial position of a business must be disclosed in the records. Principle of Utmost Good Faith: All the information regarding to the firm should be disclosed to the insurer before the insurance policy is taken. 03. The International Financial Reporting Standards (IFRS) Many countries use or are converging on the International Financial Reporting Standards (IFRS), established and maintained by the International Accounting Standards Board. In some countries, local accounting principles are applied for regular companies but listed or large companies must conforms to IFRS, so statutory reporting is comparable internationally, across jurisdictions. International Financial Reporting Standards (IFRS) are principles-based Standards, Interpretations and the Framework (1989) adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). IAS was issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On 1 April 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and SICs. The IASB has continued to develop standards calling the new standards IFRS International Financial Reporting Standards comprise: †¢ International Financial Reporting Standards (IFRS)—standards issued after 2001 †¢ International Accounting Standards (IAS)—standards issued before 2001 †¢ Interpretations originated from the International Financial Reporting Interpretations Committee (IFRIC)—issued after 2001 †¢ Standing Interpretations Committee (SIC)—issued before 2001 †¢ Framework for the Preparation and Presentation of Financial Statements (1989) Requirements of IFRS IFRS financial statements consist of (IAS1. 8) †¢ a Statement of Financial Position †¢ a Statement of Comprehensive Income or two separate statements comprising an Income Statement and separately a Statement of Comprehensive Income, which reconciles Profit or Loss on the Income statement to total comprehensive income †¢ a Statement of Changes in Equity (SOCE) †¢ a Cash Flow Statement or Statement of Cash Flows List of IFRS statements with full text link The following IFRS statements are currently issued: †¢ IFRS 1 First time Adoption of International Financial Reporting Standards †¢ IFRS 2 Share-based Payment †¢ IFRS 3 Business Combinations †¢ IFRS 4 Insurance Contracts †¢ IFRS 5 Non-current Assets Held for Sale and Discontinued Operations †¢ IFRS 6 Exploration for and Evaluation of Mineral Resources †¢ IFRS 7 Financial Instruments: Disclosures †¢ IFRS 8 Operating Segments †¢ IFRS 9 Financial Instruments †¢ IAS 1: Presentation of Financial Statements. †¢ IAS 2: Inventories IAS 3: Consolidated Financial Statements Originally issued 1976, effective 1 Jan 1977. Superseded in 1989 by IAS 27 and IAS 28 †¢ IAS 4: Depreciation Accounting Withdrawn in 1999, replaced by IAS 16, 22, and 38, all of which were issued or revised in 1998 †¢ IAS 5: Information to Be Disclosed in Financial Statements Originally issued October 1976, effective 1 January 1997. Superseded by IAS 1 in 1997 †¢ IAS 6: Accounting Responses to Changing PricesSuperseded by IAS 15, which was withdrawn December 2003 †¢ IAS 7: Cash Flow Statements IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors †¢ IAS 9: Accounting for Research and Development Activities – Superseded by IAS 38 effective 1. 7. 99 †¢ IAS 10: Events After the Balance Sheet Date †¢ IAS 11: Construction Contracts †¢ IAS 12: Income Taxes †¢ IAS 13: Presentation of Current Assets and Current Liabilities – Superseded by IAS 1. †¢ IAS 14: Segment Reporting (superseded by IFRS 8 on 1 January 2008) †¢ IAS 15: Information Reflecting the Effects of Changing Prices – Withdrawn December 2003 †¢ IAS 16: Property, Plant and Equipment IAS 17: Leases †¢ IAS 18: Revenue †¢ IAS 19: Employee Benefits †¢ IAS 20: Accounting for Government Grants and Disclosure of Government Assistance †¢ IAS 21: The Effects of Changes in Foreign Exchang e Rates †¢ IAS 22:Business Combinations – Superseded by IFRS 3 effective 31 March 2004 †¢ IAS 23: Borrowing Costs †¢ IAS 24: Related Party Disclosures †¢ IAS 25: Accounting for Investments – Superseded by IAS 39 and IAS 40 effective 2001 †¢ IAS 26: Accounting and Reporting by Retirement Benefit Plans †¢ IAS 27: Consolidated Financial Statements IAS 28: Investments in Associates †¢ IAS 29: Financial Reporting in Hyperinflationary Economies †¢ IAS 30: Disclosures in the Financial Statements of Banks and Similar Financial Institutions – Superseded by IFRS 7 effective 2007 †¢ IAS 31: Interests in Joint Ventures †¢ IAS 32: Financial Instruments: Presentation (Financial instruments disclosures are in IFRS 7 Financial Instruments: Disclosures, and no longer in IAS 32) †¢ IAS 33: Earnings Per Share †¢ IAS 34: Interim Financial Reporting IAS 35: Discontinuing Operations – Superseded by IFRS 5 effective 20 05 †¢ IAS 36: Impairment of Assets †¢ IAS 37: Provisions, Contingent Liabilities and Contingent Assets †¢ IAS 38: Intangible Assets †¢ IAS 39: Financial Instruments: Recognition and Measurement †¢ IAS 40: Investment Property †¢ IAS 41: Agriculture List of Interpretations with full text link †¢ Preface to International Financial Reporting Interpretations (Updated to January 2006 †¢ IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities (Updated to January 2006) †¢ IFRIC 7 Approach under IAS 29 Financial Reporting in Hyperinflationary Economies (Issued February 2006) †¢ IFRIC 8 Scope of IFRS 2 (Issued February 2006)—has been eliminated with Amendments issued to IFRS 2 †¢ IFRIC 9 Reassessment of Embedded Derivatives (Issued April 2006) †¢ IFRIC 10 Interim Financial Reporting and Impairment (Issued November 2006) †¢ IFRIC 11 IFRS 2-Group and Treasury Share Transactions (Issued November 2006)—has been eliminated with Amendments issued to IFRS 2 †¢ IFRIC 12 Service Concession Arrangements (Issued November 2006) †¢ IFRIC 13 Customer Loyalty Programmes (Issued in June 2007) †¢ IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction (issued in July 2007) †¢ IFRIC 15 Agreements for the Construction of Real Estate (issued in July 2008) †¢ IFRIC 16 Hedges of a Net Invest ment in a Foreign Operation (issued in July 2008) †¢ IFRIC 17 Distributions of Non-cash Assets (issued in November 2008) †¢ IFRIC 18 Transfers of Assets from Customers (issued in January 2009) †¢ SIC 7 Introduction of the Euro (Updated to January 2006) †¢ SIC 10 Government Assistance-No Specific Relation to Operating Activities (Updated to January 2006) †¢ SIC 12 Consolidation-Special Purpose Entities (Updated to January 2006) †¢ SIC 13 Jointly Controlled Entities-Non-Monetary Contributions by Venturers (Updated to January 2006) †¢ SIC 15 Operating Leases-Incentives (Updated to January 2006) †¢ SIC 21 Income Taxes-Recovery of Revalued Non-Depreciable Assets (Updated to January 2006) †¢ SIC 25 Income Taxes-Changes in the Tax Status of an Entity or its Shareholders (Updated to January 2006) †¢ SIC 27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease (Updated to January 2006) †¢ SIC 29 Disclosure-Service Concession Arrangements (Updated to January 2006) †¢ SIC 31 Revenue-Barter Transactions Involving Advertising Services (Updated to January 2006) †¢ SIC 32 Intangible Assets-Web Site Costs (Updated to January 2006) †¢ SIC 33 Consolidation and equity method – Potential voting rights and allocation of ownership interests 04. The International Accounting Standards Board (IASB) The International Accounting Standards Board (IASB) is an independent, privately-funded accounting standard-setter based in London, England. The IASB was founded on April 1, 2001 as the successor to the International Accounting Standards Committee (IASC). It is responsible for developing International Financial Reporting Standards (the new name for International Accounting Standards issued after 2001), and promoting the use and application of these standards. Foundation of the IASB In April 2001, the International Accounting Standards Committee Foundation (IASCF), since renamed as the IFRS Foundation, was formed as a not-for-profit corporation incorporated in the US state of Delaware. The IFRS Foundation is the parent entity of the International Accounting Standards Board (IASB), an independent accounting standard-setter based in London, England. On 1 March 2001, the IASB assumed accounting standard-setting responsibilities from its predecessor body, the International Accounting Standards Committee (IASC). This was the culmination of a restructuring based on the recommendations of the report Recommendations on Shaping IASC for the Future. The IASB structure has the following main features: the IFRS Foundation is an independent organization having two main bodies, the Trustees and the IASB, as well as a IFRS Advisory Council and the IFRS Interpretations Committee (formerly the IFRIC). The IASC Foundation Trustees appoint the IASB members, exercise oversight and raise the funds needed, but the IASB has responsibility for setting International Financial Reporting Standards (international accounting standards). IASB Members The IASB has 15 Board members, each with one vote. They are selected as a group of experts with a mix of experience of standard-setting, preparing and using accounts, and academic work. [2] At their January 2009 meeting the Trustees of the Foundation concluded the first part of the second Constitution Review, announcing the creation of a Monitoring Board and the expansion of the IASB to 16 members and giving more consideration to the geographical composition of the IASB. The IFRS Interpretations OF Committee has 14 members. Its brief is to provide timely guidance on issues that arise in practice. A unanimous vote is not necessary in order for the publication of a Standard, exposure draft, or final â€Å"IFRIC† Interpretation. The Board's 2008 Due Process manual stated that approval by nine of the members is required. Funding The IFRS Foundation raises funds for the operation of the IASB. [7] Most contributors are banks and other companies which use or have an interest in promoting international standards. In 2008, American companies gave ? 2. 4m, more than those of any other country. However, contributions fell in the wake of the financial crisis of 2007–2010, and a shortfall was reported in 2010. 05. The Basel Committee The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding. At times, the Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable. In this regard, the Committee is best known for its international standards on capital adequacy; the Core Principles for Effective Banking Supervision; and the Concordat on cross-border banking supervision. The Committee's members come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The present Chairman of the Committee is Mr Nout Wellink, President of the Netherlands Bank. The Committee encourages contacts and cooperation among its members and other banking supervisory authorities. It circulates to supervisors throughout the world both published and unpublished papers providing guidance on banking supervisory matters. Contacts have been further strengthened by an International Conference of Banking Supervisors (ICBS) which takes place every two years. The Committee's Secretariat is located at the Bank for International Settlements in Basel, Switzerland, and is staffed mainly by professional supervisors on temporary secondment from member institutions. In addition to undertaking the secretarial work for the Committee and its many expert sub-committees, it stands ready to give advice to supervisory authorities in all countries. Mr Stefan Walter is the Secretary General of the Basel Committee. Main Expert Sub-Committees The Committee's work is organised under four main sub-committees: †¢ The Standards Implementation Group †¢ The Policy Development Group †¢ The Accounting Task Force †¢ The Basel Consultative Group Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II, which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks banks face. Advocates of Basel II believe that such an international standard can help protect the international financial system from the types of problems that might arise should a major bank or a series of banks collapse. In theory, Basel II attempted to accomplish this by setting up risk and capital management requirements designed to ensure that a bank holds capital reserves appropriate to the risk the bank exposes itself to through its lending and investment practices. Generally speaking, these rules mean that the greater risk to which the bank is exposed, the greater the amount of capital the bank needs to hold to safeguard its solvency and overall economic stability. Objective The final version aims at: 1. Ensuring that capital allocation is more risk sensitive; 2. Separating operational risk from credit risk, and quantifying both; 3. Attempting to align economic and regulatory capital more closely to reduce the scope for regulatory arbitrage. The Accord in operation Basel II uses a â€Å"three pillars† concept – (1) minimum capital requirements (addressing risk), (2) supervisory review and (3) market discipline. The Basel I accord dealt with only parts of each of these pillars. For example: with respect to the first Basel II pillar, only one risk, credit risk, was dealt with in a simple manner while market risk was an afterthought; operational risk was not dealt with at all. The first pillar The first pillar deals with maintenance of regulatory capital calculated for three major components of risk that a bank faces: credit risk, operational risk, and market risk. Other risks are not considered fully quantifiable at this stage. The credit risk component can be calculated in three different ways of varying degree of sophistication, namely standardized approach, Foundation IRB and Advanced IRB. IRB stands for â€Å"Internal Rating-Based Approach†. For operational risk, there are three different approaches – basic indicator approach or BIA, standardized approach or TSA, and the internal measurement approach (an advanced form of which is the advanced measurement approach or AMA). For market risk the preferred approach is VaR (value at risk). As the Basel 2 recommendations are phased in by the banking industry it will move from standardised requirements to more refined and specific requirements that have been developed for each risk category by each individual bank. The upside for banks that do develop their own bespoke risk measurement systems is that they will be rewarded with potentially lower risk capital requirements. In future there will be closer links between the concepts of economic profit and regulatory capital. Credit Risk can be calculated by using one of three approaches: 1. Standardised Approach 2. Foundation IRB (Internal Ratings Based) Approach 3. Advanced IRB Approach The standardised approach sets out specific risk weights for certain types of credit risk. The standard risk weight categories are used under Basel 1 and are 0% for short term government bonds, 20% for exposures to OECD Banks, 50% for residential mortgages and 100% weighting on unsecured commercial loans. A new 150% rating comes in for borrowers with poor credit ratings. The minimum capital requirement (the percentage of risk weighted assets to be held as capital) remains at 8%. For those Banks that decide to adopt the standardised ratings approach they will be forced to rely on the ratings generated by external agencies. Certain Banks are developing the IRB approach as a result. The second pillar The second pillar deals with the regulatory response to the first pillar, giving regulators much improved ‘tools' over those available to them under Basel I. It also provides a framework for dealing with all the other risks a bank may face, such as systemic risk, pension risk, concentration risk, strategic risk, reputational risk, liquidity risk and legal risk, which the accord combines under the title of residual risk. It gives banks a power to review their risk management system. The third pillar This pillar aims to promote greater stability in the financial system Market discipline supplements regulation as sharing of information facilitates assessment of the bank by others including investors, analysts, customers, other banks and rating agencies. It leads to good corporate governance. The aim of pillar 3 is to allow market discipline to operate by requiring lenders to publicly provide details of their risk management activities, risk rating processes and risk distributions. It sets out the public disclosures that banks must make that lend greater insight into the adequacy of their capitalization. When marketplace participants have a sufficient nderstanding of a bank’s activities and the controls it has in place to manage its exposures, they are better able to distinguish between banking organizations so that they can reward those that manage their risks prudently and penalize those that do not. 06. The Financial Accounting Standards Board (FASB) The Financial Account ing Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U. S. It was created in 1973, replacing the Committee on Accounting Procedure (CAP) and the Accounting Principles Board (APB) of the American Institute of Certified Public Accountants (AICPA). Mission statement The FASB's mission is â€Å"to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information. † To achieve this, FASB has five goals: †¢ Improve the usefulness of financial reporting by focusing on the primary characteristics of relevance and reliability, and on the qualities of comparability and consistency. †¢ Keep standards current to reflect changes in methods of doing business and in the economy. Consider promptly any significant areas of deficiency in financial reporting that might be improved through standard setting. †¢ Promote international convergence of accounting standards concurrent with improving the quality of financial reporting. †¢ Improve common understanding of the nature and purposes of information in financial reports. FASB pronouncements In order to establish accounting principles, the FASB issues pronouncements publicly, each addressing general or specific accounting issues. These pronouncements are: †¢ Statements of Financial Accounting Standards †¢ Statements of Financial Accounting Concepts †¢ FASB Interpretations FASB Technical Bulletins †¢ EITF Abstracts FASB 11 Concepts 1. Money measurement 2. Entity 3. Going concern 4. Cost 5. Dual aspect 6. Accounting period 7. Conservation 8. Realization 9. Matching 10. Consistency 11. Materiality 07. Committee on Accounting Procedure (CAP) In 1939, encouraged by the SEC, the American Institute of Certified Public Accountants (AICPA) formed the Committee on Accounting Procedure (CAP). From 1939 to 1959, CAP issued 51 Accounting Research Bulletins that dealt with issues as they arose. CAP had only limited success because it did not develop an overall accounting framework, but rather, acted upon specific problems as they arose. Accounting Principles Board (APB) In 1959, the AICPA replaced CAP with the Accounting Principles Board (APB), which issued 31 opinions and 4 statements until it was dissolved in 1973. GAAP essentially arose from the opinions of the APB. The APB was criticized for its structure and for several of its positions on controversial topics. In 1971 the Wheat Committee (chaired by Francis Wheat) was formed to evaluate the APB and propose changes. Financial Accounting Standards Board (FASB) The Wheat Committee recommended the replacement of the Accounting Principles Board with a new standards-setting structure. This new structure was implemented in 1973 and was made up of three organizations: Financial Accounting Foundation (FAF) Financial Accounting Standards Board (FASB) Financial Accounting Standards Advisory Council (FASAC). Of these organizations, FASB (pronounced â€Å"FAS-B†) is the primary operating organization. Unlike the APB, FASB was designed to be an independent board comprised of members who have severed their ties with their employers and private firms. FASB issues statements of financial accounting standards, which define GAAP. The AICPA issues audit guides. When a conflict occurs, FASB rules. International Accounting Standards Committee (IASC) The International Accounting Standards Committee (IASC) was formed in 1973 to encourage international cooperation in developing consistent worldwide accounting principles. In 2001, the IASC was succeeded by the International Accounting Standards Board (IASB), an independent private sector body that is structured similar to FASB. Governmental Accounting Standards Board (GASB) The financial reports of state and local goverment entities are not directly comparable to those of businesses. In 1984, the Governmental Accounting Standards Board (GASB) was formed to set standards for the financial reports of state and local government. GASB was modeled after FASB.

Evaluation †produce proposals for the possible re-branding of my school Essay

My design brief was to produce proposals for the possible re-branding of my school. When doing this I researched what the faculties wanted and needed and so I designed a questionnaire to gather the information I required. I also researched different graphic designers, their work and various design movements throughout history such as Abram Games who is a British mid-twentieth century designer and official war artist during world war two. His style of design is very patriotic as in most of his work he uses red, white and blue; the colours of the union jack. He incorporates them very well and subtlety. I like his work because it’s very classic, memorable and simple. His work is landmark. I did this because it gave me inspiration, an influence and it offered a look at how previous designers worked. I did web searches on the images connected to different faculties and just asked people what images came to mind when I said a faculty name this provided me with many logo ideas. In addition I looked at existing logo designs in books wherein designers explored many different techniques, which I could use in my designs. I had many specifications that determined what my final design would look like. * Such as my target group, which was the staff, pupils and parents because of this I had to select designs that satisfy and do not displease them. * In my specification I had a running theme or image that I worked around; a smart, scholastic, classic yet modern image and I tried to portray this in my designs. I had a variety of different design ideas and when deciding on my final design I had many factors, which would govern what I would choose. For example how complicated the designs were, or how much colour was used. Such as when I had a large design dominated by black, I could not use this because of the expenses and issues that may arise with such a vast amount of ink. I don’t think I did much planning that ensured success and a quality product but I did research different colours on the colour wheel and their effects and what they represent. In this project I don’t think I used many new tools or materials however I did use Photoshop, Microsoft Publisher, Paint, the internet, printers, scanners and general sketching that was stressed as important by my teacher and did prove so. I did not fully answer my design brief as I was not on schedule but I did produce some sort of proposal. I have not shown my logo to the head of faculty but overall I feel it is a strong and bold logo, which is pleasing to the eye. The considerations I had were.

Psychology - Critical Thinking Piece Essay Example | Topics and Well Written Essays - 500 words

Psychology - Critical Thinking Piece - Essay Example For this reason, a lot of psychologists and sociologists have considered the building of a positive self-esteem to be the best solution in solving psychological and social problems. (Leary, 1999a: 32 – 33) In line with the effort of psychologists in measuring the self-esteem of a person, sociometer theory was developed in order to serve as a psychological tool that measures the quality of social relationship in life of a person. (Leary, 1999b: 33) Personally, I do agree that developing a high self-esteem is essential part of our lives in terms of being able to socially cope with other people in our environment. However, measuring the degree of self-esteem in each individual with the use of the sociometer theory seems to be illogical because of the so many immeasurable factors such as culture and traditions as well as other negative experiences in life such as criticism, failure, peer rejection (Leary, 1999a: 34), sexual abuse or maltreatment that could either directly or indirectly affect the self-esteem of a human being. For example: some parents who lives in the Asian countries may use physical abuse as a method of rearing a child. On the contrary, most parents who resides in a Western country are trying to avoid physical abuse in rearing a child because of the law that protects the children from any forms of physical harm. Even with the use of research survey, we need to face the fact that it is not possible to accurately measure the exact number of children who has experienced physical abuse or harm which could affect the low self-esteem of a person in each geographic region. According to Leary (1999a: 33), â€Å"sociometer continuously monitors the environment for cues regarding the degree to which the individual is being accepted versus rejected by other people.† Perhaps it is possible that the use of sociometer could detect whether or not the increase or decrease in the self-esteem in general could

A narrowed aspect of National Park Essay Example | Topics and Well Written Essays - 750 words

A narrowed aspect of National Park - Essay Example Snowmobiling in the Yellowstone national park is disputable on a few fronts. Moderates are worried about how snowmobiles, and snowmobile outflows specifically, may affect natural life, air and water quality, commotion levels, and the pristine aesthetic of the Yellowstone wilderness. An alternate concern is for the well being impacts upon both snowmobile riders and park officers who are laid open to fumes and high clamor levels for huge measures of time. Supporters of snowmobiling point to different contemplations, for example, economic benefits to local communities and the importance of preserving access to public lands. Adding further, several individuals are of the view that more up to date innovations make cleaner, quieter snowmobiles that relieve the impacts of snowmobile use on air, water and commotion contamination. Quantitative research on this issue remains inadequate and numerous inquiries stay unanswered. There are 185 miles of cleared and paved roads especially constructed for snowmobile use in the Yellowstone National park, the vast majority of which are adjoining to streams, rivers and lakes. Considering the dissemination of pollutants in the snowpack and the impacts of poisons on oceanic creature, there is potential for surface water tainting from snowmelt spillover. For example, separation of polluted snowpack from water body, contaminant level versus weakening component and so on. Human recreational exercises have a major impact on aquatic resources directly and by through implication as well. Winter recreation influences aquatic organisms principally by aberrant affects because of contamination. Two-stroke motors can store contaminants on snow, prompting ground and surface water quality corruption, which along these lines may affect aquatic life. Protection of the aquatic resources of park, including the aquatic assets, and rebuilding of local species are essential administration objectives of the National Park Service.

The implementation of safe injecting rooms within Australian cities is Essay

The implementation of safe injecting rooms within Australian cities is a controversial one. Discuss the health care arguments for and against the implementation of these rooms - Essay Example Though an intensely contested term, harm minimization recognizes that while illicit drug use can never be fully eradicated, measures can be implemented to minimize its negative consequences. The core aim of this approach is to enhance the health and socio-economic results for both the society and the individual via a balanced application of three main strategies; supply reduction, harm reduction, and demand reduction. In Australia, the implementation of harm minimization strategies is an intricate, yet controversial issue. While there is an extensive agreement on the necessity to adopt an integrated approach to the drug menace in Australia, there are opposing views concerning the effectiveness of the drug policies. As a consequence, protagonists back fresh â€Å"innovative† drug strategies (considered radical by antagonists) such as supervised injecting facilities (Green2002, p.28). The divergence of view has led to the polarization of the debate centering on such issues. The supervised injecting facilities debate reached fever pitch between 1999 and 2001 when Australia Capital Territory, Victoria, and New South Wales attempted to launch such facilities. The debate was characterized by an enhanced level of conflict between groups with divergent moral and political beliefs regarding drug use. The use of illicit drugs within Australian society has become prevalent over the years. A National Drug Household Survey (1998) revealed that about 46.4% of the Australians (aged 14 years and above) have used a prohibited drug once in their life, with an approximate 22.8% reporting to have used a banned drug within the prior 12 months. Safe injecting rooms (also referred to as safe injecting facilities) represent legally endorsed, indoor facilities, where injecting drug use transpires under the direction of medically trained personnel, and in safe and hygienic state with access to a wide range of sterilized injecting equipment (Green2002, p.29). The

Behaviour in Organisations Essay Example | Topics and Well Written Essays - 1500 words

Behaviour in Organisations - Essay Example The purpose of this report is to analyze how organizational behavior will influence the innovation of the Australian consulting firm. The survey will focus on the process of creating and inventing new ideas into the marketplace as the products and the process in order, to flourish the consulting firm in the market. The innovation of any company lies on the power of ideas and individual initiative that expand the services of organizational to its customers. This will happen if the firm is willing to accept the opportunities and the challenges ideas that help organizational to develop new knowledge that meets emerging needs of the clients. Therefore, organizational behavior involves the study of persons and groups within the organizational, and the study of the internal process and practices as they affect the effectiveness of individuals and the organization. Therefore, organization behavior and innovation of the organizational processes go hand in hand in order to meet the interest o f workers and the executive managers. In general, it helps individuals working together in a difficult market system to create a new product and procedure or work process in organizational. This is ability of the individuals in the firm to access their weakness and the strength, set, and pursues professional and personal goals as well as balancing company work and personal life in order, to engage in new learning activities of well-being of the company. ... In general, it helps individuals working together in a difficult market system to create a new product and procedure or work process in organizational. The self-competency This is ability of the individuals in the firm to access their weakness and the strength, set, and pursues professional and personal goals as well as balancing company work and personal life in order, to engage in new learning activities of well being of the company. Stephen and Timothy (2010, p 224) stated that, for any company to innovate new ideas and products in the market, all individuals should have self-competency that involves abilities to be effective in doing the following: To attain the innovation of the consulting firm, the individuals should understand their own and the customers personalities and altitudes. The working team should understand their own motivations activities and the emotions in the organizational environment in order to respect others ideas. They should take responsibilities for managi ng their own work without any push from the top management. They should perceive, appraise, and interpret their ideas accurately in the organizational environment in order to put the new ideas into productive manner. The innovation of the consulting firm will be entirely on the assessment and the establishment of the workers personal life and the work-related goals. In general, self-competency helps in achievement of an underlying personal attributes that are needed for the successfully innovation of the organizational. The Careers Development The individuals in the organizational should aim at improvement of their careers in different fields so that they can develop new ideas in order to move up the ladder in the consulting organization. According to

An entrepreneurial viewpoint Essay Example | Topics and Well Written Essays - 1500 words - 1

An entrepreneurial viewpoint - Essay Example Discerning the module has taught me that there are certain traits that any successful entrepreneur needs to be endowed with. A careful scrutiny of my own personality against these entrepreneurial traits has confirmed to me what I have and areas that I need to improve on to call myself a happy and successful entrepreneur. My entrepreneurial spirit is hemmed in by several personality traits that the module has helped me identify about myself and most immediately is confidence. Like Michael Bloomberg puts it: â€Å"Don’t be afraid to assert yourself, have the confidence in your capabilities, never letting the bastards drag you down.† I believe that confidence comes in handy for startup success. I have the confidence to take the risks, and to lead teams in creating a vision and to confidently sell the product to investors and customers (Straut, 2008). The other trait is optimism, Bill Gates has made fortunes as an entrepreneur because he looked at what was ahead of him with optimism; and that is how I always look at things that are ahead of me. I have learnt from the module that an entrepreneur should be optimistic about a product, their teams and their future. A study done by Baron (2004) found out that entrepreneurs perceive risks as being smaller than they are in actual sense, and also smaller than many people would ordinarily perceive them to be. It is with such optimism that I look at the future that though things may look obscured at the beginning, soon they will clear up, all it takes is to hang on and be positive. Passion has taught me that anyone can succeed in anything they set out to do, as long as their endeavor is anchored on unlimited and incredible enthusiasm. I am very passionate about everything I believe in and speaking about the importance of passion in entrepreneurship, Baron (2004, pp. 230) wrote, â€Å"Passion is a key cog in the wheel of determination, it is both contagious and palpable, many consumers, businesses and investors will be swayed by an entrepreneur who exhibits great passion.† Going with passion is self-efficacy. Nolan Bushnell was quoted saying that â€Å"many people have great ideas, but it’s only a few of them who decide to do something about those ideas now; a true entrepreneur is the one who is a doer, rather than a dreamer† (Choo, 2004). The last characteristic that wraps up my entrepreneurial spirit is persistence. I made a promise to myself that I was going to be successful in anything that I put my all into. There is no amount of money, or any amount of labor neither any number of hours would deter me from giving the very best that is in me. The module is clear that a successful entrepreneur is one who is will overcome and persevere despite the many hurdles, setbacks or failures (Osborne, 1995). Entrepreneurs are able to learn from their failures to make improvements on themselves, their team and their products. I have an entrepreneurial mentality as opposed to an employee mentality and so it would more fulfilling for me to work in an entrepreneurial organization as an entrepreneurial manager as opposed to working in a conveniently structured organization with convenient management approaches. This is inspired by the fact that I have a vision to chart and create my own path, as opposed to that employee mentality

St. Bernard's Catholic Church Bazaar Essay Example | Topics and Well Written Essays - 500 words

St. Bernard's Catholic Church Bazaar - Essay Example We have an outreach program there that works with the local missionaries." The health and well-being of the people of Haiti has become one of the Catholic Church's principle concerns in recent years. The annual bazaar's main event is the chicken dinner that is catered by JoJo's Bar-B-Que of nearby Linden. The menu offered both fried and baked chicken, side dishes, and deserts that were donated by the Women of St. Bernard's, a Catholic auxiliary group. Because of the record numbers that attended this year's event, there was a fear of running out of desert. However, Ms. Kiefer quickly organized a group that headed back home to put together some of the best homemade pies and cakes available anywhere. In keeping with its focus on children, the fair offered several unique activities to get the attention of the younger set. John Parker, a church member and Wabash College professor, put on several regular displays of the 'Wonders of Science'. The children were awed by his demonstrations that involved dry ice, liquid nitrogen, and static electricity. Though the shows were designed for children, the adults were equally impressed with the professor's shows. In addition to the science display, there were activities such as an art gallery, cake walk, musical chairs, and games where children could win prizes such as stuffed animals, books, and toys.

International Business Strategy (Guanxi) in China and Taiwan Dissertation - 1

International Business Strategy (Guanxi) in China and Taiwan - Dissertation Example The literature review in Chapter two provides a meta-analysis of previous research on guanxi and also an updating of this body of work to take account of the experiences of recent times and globalisation. There follows in Chapter three a consideration of the ethical issues surrounding guanxi, including its role in fostering Corporate Social Responsibility in China and Taiwan. Chapter four concentrates on recent events, presenting a case study from Taiwan with the aim of illustrating some of the issues that arise when guanxi goes wrong. Both theoretical and practical dimensions of guanxi in the context of international business are explored, along with some of the complex social and political factors that are currently influencing business practices in China and the surrounding region. It is suggested that guanxi is changing in the new global context. The study concludes that establishing guanxi is an essential business strategy for western MNEs to be successful in China and Taiwan an d that it will remain a very important part of Chinese business culture. A number of implications for both Eastern and Western partners are listed, showing how they will each have to adapt to the way that guanxi is evolving. Keywords: China, Taiwan, guanxi, culture, business ethics, corporate social responsibility, international business, reputation management. ... Despite the amount of material available on the subject, there is very little clarity in terms of what it means in the globalised world, and how Western investors and partners can best deal with guanxi. Another important factor is the very fast pace of change in China which tends to make even some very recent scholarship obsolete within a short space of time. It is important to understand what guanxi really is, where it comes from, and how it has developed and changed throughout China’s long history. The present study explores in particular the new global context for guanxi and looks for any implications for East/West Partnerships going into the future. The previous literature on the subject is analysed thoroughly, but the study argues also for a fresh appreciation of how guanxi is changing. This has implications both for Chinese businesses and for Western companies entering the Chinese markets and so the emphasis is on ways in which both parties can benefit from this old trad ition in a globalised context. In writing this dissertation I would like to express my gratitude for the excellent assistance I have received from xxxxxxxxx Supervisors? Tutors (sponsor? Family?) Table of Contents Preface List of Figures. CHAPTER ONE: INTRODUCTION. 1.1 Chinese Culture in the Modern World. 1.2 Aims and Methodology. CHAPTER TWO: LITERATURE REVIEW. 2.1 Origins of guanxi. 2.2 Definitions of guanxi. 2.3 Guanxi from the Western point of view. CHAPTER THREE: ETHICS AND GUANXI. 3.1 Is guanxi ethical? 3.2 Guanxi and corporate social responsibility. CHAPTER FOUR: GOVERNMENT AND GUANXI. . 4.1 Guanxi and the government. 4.2 Case Study: Chen Sui-Bian and the Corruption Incident in Taiwan. 4.3 Changes in guanxi and implications for Chinese and Western companies. CHAPTER FIVE: CONCLUSION AND

Summary Essay Example | Topics and Well Written Essays - 250 words - 171

Summary - Essay Example Books that have been published on food matters have impacted greatly on how people contemplate about food and their lives. Writers like Tracie McMillan, Rowen Jacobsen and others have influenced on how food is cooked, distributed, grown and bought. Monica Bhide a food writer once posed a question asking if food writing really matters and got many views and comments. Among those who commented was a writer of a book named Day of Honey who argues that changes of religion are not as significant as changes in diet. She adds that it is questioning how rarely the significance of food is renowned. Statuses on bishops, politicians are trending nowadays but none about market gardeners and bacon-curers are seen (Ruhlman, 1). People do not take food matters seriously since it is cheap and easily available around them. But in times when they don’t have food is when they think about it. In addition, we only tend think about food when it makes us sick. There are many food related sicknesses in this times. Children have diabetes that can only be seen on adulthood. Obesity also is common and it develops due to eating all kinds of food without knowing their constituents. In my opinion, I agree that food writing is essential for our continued existence. It enables us to understand how food is important and various effects that they have to our body. Lastly, by writing about food, people will demonstrate awareness on how to produce, consume and how to distribute it in ways that do not affect our

The Effects of Social Media on a Business Essay Example for Free

The Effects of Social Media on a Business Essay Social media has greatly changed the way people communicate and interact with one another. There are a variety of social media sites which are used worldwide, such as Youtube, Facebook and Twitter. This type of communications method is now being used by business in marketing their products. The fact that many people use social media to discuss their thoughts and views online, has caused business to alter their communications and marketing strategies to better fit the new mean of sending out messages. Social media is presently used in place of the â€Å"old-fashioned† marketing tools, such as TV, billboards, radio, etc. This new process which business use to convey messages and promote ideas or products has formed a collaboration with its customers. A business can now gain instant feedback from its customers, tackle rumors, and post any updates about the business online. Companies reported using these social media tools was helpful for several reasons. They reported that the tools provide the following: †¢ Another way to communicate  Ã¢â‚¬ ¢ Added value to customers †¢ Product/brand awareness †¢ Ability to keep up with trends and competitors †¢ Demonstration of product †¢ A more cost effective and productive form of marketing. (Barnes, 2010) Objective This literature review will discuss the role that social media plays on businesses and the effect it has when promoting a business or marketing its product. This review will contain the view and analysis of experts in the use of social media by businesses, and in what way the media can benefit or damage the reputation of an organization. The research questions used were â€Å"How does social media affects businesses?† and â€Å"How can social media benefit a business?†. While The research questions were similar, they did offer a wide range of topics concerning the research objective. Searching and locating literature The main database used for the research was Polytechnic’s summons. The research questions were first used here which introduced many articles. Most of the articles found by summons were taken from the Proquest and Emerald management collection databases, among other database systems. When reviewing the articles I read the â€Å"executive summary† or the â€Å"introduction† and later decided whether to continue with the article or to exclude it. The articles which were ruled out were the ones discussing social media from a non-business perspective. Some articles which were excluded did have good ideas, even though they presented it with a different viewpoint, so I used the reference list of said articles to locate more literature and further the research to get closer to the objective. The role that social media plays on businesses Mediatization describes how media is transformed from being a mediator and instrument for other institutions to become an institution in itself (Hjarvard, 2008). This further explains that social media is now a global institution, businesses and organizations will have to find new strategies in their marketing approach which will act in accordance with today’s mediatized society. (Pallas and Fredriksson, 2010) Businesses must now learn the new ways of functioning in a mediatized society. Media, especially social media, is important for the overall view of a business. When consumers look to a business they judge it based on its reputation, a reputation which it gains through mediatization. A successful business will have to know how mediatization works, and be able to alter it so that the customers will see what the business intends to be seen. A proper image and reputation of the business will be formed. As the flow of consumer online activity began rising businesses took notice of this â€Å"phenomenon† and picked new means of reaching consumers and their targeted audience through social media. In the beginning business created blogs, wikis, and forums in order to reach their audience, but now they have heavily started using the highest ranked social media sites such as micro-blogging via Twitter, and Facebook (Li and Bernoff, 2008). The effect of social media on a business Many would argue that social media benefits a business in a positive way and is a innovative way of marketing. Electronic media brings people together, when businesses join in on this media they are now in-touch with their customers. They will be able to connect with their audience which will result in customer loyalty, which will give the business an upper hand over potential competitors (Varey, 1999). Organizations will need to incorporate social media tools into their marketing and communication strategies. Social media will shift the consumers views on the business because they will now be able to spot the degree of openness and responsiveness in the business (Schein, Wilson and Keelan, 2009). However, in her article How do the most successful companies use social media? (2010), Nora Barnes gives an opposing view on the use of social media by business. While in the short-run a business will gain a fast reputation, it will affect the business in the long-run. She argues that if a business is thought of as an â€Å"official† business with high ranking employers and maybe investors, then social media is not the correct marketing tool to be used as it shows a business as being vulnerable, and will not be thought of very highly by its high-ticketed consumers. Dury (2008) also furthers this argument by stating that marketing is different to social media and that the two should not be mixed. That it ‘destroys social medias foundations by undermining its human elements’. This is because the essence of marketing is corporate and that a social media approach will issue a softer outlook to the official corporate image of a business. An organizations reputation means everything. Executives know the importance of this, The stronger the reputation, the better quality of customers they get and the brand name begins to rise (Eccles, Newquist and Schatz, 2007). Social media is not considered a â€Å"quality† method of marketing an organization, and certainly not a brand name. An organizations quality is shown in its: †¢share of voice – how much was said; †¢performance – amount of coverage relative to one’s peers; †¢breadth of coverage – themes reported; †¢media tone – positive, neutral, negative; †¢risk profile – the ratio of positive to negative coverage for particular themes; and †¢position – whether the media reflects the organization’s desired profile. (Dowling and Weeks, 2011) Reputation is in the consumers mind therefore a company should be aware of the quality it is presenting in order to provide a positive reputation. A similar opinion was given by Mat Ramsey, mentioning â€Å"Don’t use social media for corporate communications† (Ramsay, 2010). Any updates regarding the business should be posted on its official website. If they were done via social media sites it will bring down the status and quality of the corporation. Summary The study of the above articles has proven one thing, that social media has a very important part to play in the communication and marketing section of a business, whether for the good of the business or for bad. The use of social media may benefit some businesses but it harmed others. A business must study this approach carefully when deciding to incorporate social media in the marketing strategies as the effect may make or break it. Benefits The benefits of this review is the comparison between expert opinions over the matter. Social media hasn’t been fully investigated so this review brings all the thoughts on this topic together in ordered to get a clear image on the benefits and effects of social media.

Women’s Experiences in the Military Essay Example for Free

Women’s Experiences in the Military Essay Women suffered a lot during the wars. Many were reported to have been physically tortured, for instance, they were hit with mortar rounds; making the whole building to shake. They spent nights out in the cold and the sleeping conditions were horrible. Some became paralyzed and lay on the ground for hours before receiving help. They fought for their lives on without protection since men were also in the fields. If women were discovered to be in possession of valuable positions such as diamond, it was taken away from them. (Taylor, p367) There were incidents when women came out of their homes to provide assistance if they saw their dwellings being set on fire. The women did not care about their personal safety and neither did they worry that their lives could end any time. They put their lives on line to save their people and families. For instance, they died from serious injuries and smoke from burning houses, falling debris and flames. (Chen, p389) There were women who provided assistance in saving or rescuing other children and adults who were caught up in burning structures. They did this without protective clothing and shoes. They kept on entering and re-entering the buildings in order to vacate their children to safety. Women continuously assisted the residents in Vietnam to relocate their personal properties as well as livestock. By this time there were no fire fighting equipment and personnel assistance. This reflected courage commitment and self-sacrifice on Vietnamese women. (Insun, p366) Their experiences made them emerge as heroes and they were awarded medals. However, their naivety did not make them realize that they deserved the medals. Coupled with that they were very young and hence had not received enough exposure. They could not make sense out of the problems they were having. (Insun, p254) During those times of war, despite women’s involvement in the military, they were still nursing young children at homes. They had to strike a balance between the time spent at the military and the time spent with their families. Their children were affected by diseases, while growing up. Women said that things appeared perfectly normal at birth of their children but as soon as they become toddlers something always went wrong. Mothers gave birth to children with cancer, especially of the kidney and other types of tumor, ADHD (Attention Deficit Hyperactivity disorder), teeth and bone deformities as well as fainting spells. Other children displayed symptoms of Grand Mal Epilepsy. Most of the conditions which affected these children were made worse by the negative effects of war. The health of the children was seriously affected. At night, women experienced mass attack which affected the entire corner within Long Binh. They had mortar attack which landed on their homes and killed some of them. At his time, all they had were prayers. (Taylor, p567) They prayed a lot when all failed. At around 1968, the military intelligence received a document which stated they were giving away approximately twenty five thousand dollars for every female who was a white American. The government gave women life insurance. The insurance was worth only ten thousand dollars. This was too little and they actually laughed at it because they were definitely worth much more. (Woodside, p56) The women most of the time ignored the problems that they had with men because they did not want those problems to take toll on their lives. Some other challenges that women faced were lack of audience. They had grievances amongst themselves and despite their efforts to air them, nobody could listen to them. The communications department was not effective and there was no order of the events taking place. In addition, the communication channels were not properly defined. They were random and did not consider the urgency of the information. (Insun, p89) The policies of children adopting were changed, and this affected parenting and especially women who were not able to give quality life to their children. The situation affected them psychologically and some women became hostile to the new policies. The children suffered emotional and psychological torture due to lack of parental love. The bonds that tied a child and his mother were no longer there. (Insun, p67)

Water transportation through a ship dock

Water transportation through a ship dock Chapter 1 Introduction 1.1 Research Background A port can be simply defined as a location where ship can dock and move personnel or cargo to or from land. in the last 50 years, ports have evolved from this definition, and have acquired a vital place in value-driven logistic-chain systems. They now are international logistic platforms forming a common boundary between production and consumption centres .Being an international logistic platform port sector deals with the volatile world market and are influenced by political factors, international trade, and overall world economic conditions than other sectors. These complex environments in port sector has made the port planning and port development into a very challenging task (Taneha,2010).Port functions can be compared to a self sustaining industry with domestic and international trade. As a part of supply chain management they also act as foreign exchange earner by providing logistics services to the industry. Thus while expansion of an existing port or planning of a green fiel d project, ports can be treated as an industry. Water transportation is a relatively energy-saving and environment friendly way of transporting many goods. However, coastal zones are particularly sensitive regions, and coastal ecosystems often are very fragile. Planning of an industry is driven by lot of factors such as demand and supply, institutional framework, application of technology, marketing strategy and ultimately economic impact analysis for the development and implementation of a project. The vigorous development of waterways in promoting sustainable development of transportation could potentially lead to negative environmental impacts on ports and the waters surrounding around ports ,and hence planning of a port should not only be concerned on simply demand and supply but need to pay more attention the importance of port environmental protection and planning 1.2 The reason of the choice of this subject There have been a lot of researches and papers done on port planning but much of these researches were dominated by financial-economic aspects of port planning. .Author being a port management aspirant believes that focusing on other factors in port planning may contribute to the acceptance of the port activities and the sustainable development. The planning of a port should not only be concerned on simply demand and supply but need to pay more attention to the issues such as environmental factors ,safety and security, local mobility, noise, pollution, etc of the port area The Existing Doha port has become somewhat hemmed in by all the development going on around the citys waterfront, and thus a new Doha port is under construction. it has already been recognized that the location of the new port is close to environmentally sensitive coastal areas and the government has already ensured that the environmental impacts of the project, during both construction and the subsequent operation of the port will be mitigated to the maximum extent possible .Author consider this as opportunity to attain practical knowledge apart from theoretical studies on environmental considerations in port planning. Since the author has lived and visited Qatar several times he was able to generate some personal relationships which he believes to be vital in doing this thesis. 1.2 Overall Aim The aim of this research is to investigate the role of Environmental factors in strategic port planning and development .The research will be done taking new Doha port as case study 1.3 The objectives of this research include: Analyzing the role of Institutional framework in def ining the Port ownership model and hence to define the objectives of port To evaluate the power and influences of stakeholder in port development and planning process To investigate the limitations of port Planning in terms of environmental considerations To provided an overview of proposed new Doha port 1.3 Propose Methodology Research will be done by using both primary and secondary data .The secondary data will be collected from book, journal, company report and website which will be used to construct the framework of this research. Primary data will be collected from the ports and port authority in the form of documents, questionnaires and interview. After that, the findings from primary and secondary data together with the literature review will be employed to conclude this thesis. 1.4 Research Overview Chapter 2 Literature Review 2.1 Introduction There is relatively little academic literature concerning planning perspective of environmental management within ports .The literature review will first cover a comprehensive summary of the basic features of strategic port planning including the definition, with the emphasis on the importance of port environmental protection, planning and management. Thorough analysis of the environmental issues related to ports will be conducted to gain a more comprehensive understanding of port environmental protection in New Doha port. A review will also be done in analysing the present methods followed in mitigating existing problems. Secondly an outline of the new Doha port will be done involving Qatars new policy and the reasons for conceiving the new port. 2.2 Strategic Port Planning Planning and development of ports requires extensive organization and collaboration .Strategic planning in port can be defined as â€Å"systematic and continuing process which enables a port and its management to clearly determine mission, direction and activities† (AAPA,1998). One of the key principles to be followed on planning a seaport is that it should be flexible to accommodate the periodic emerging changes happening in the technology of ships and cargo handling. Therefore identifying the factors that effects the port in the future including an appraisal of the port s external and internal environment can be considered as a top priority objective in strategic port planning . The major function of environment appraisal is to utilize the identified opportunities by developing appropriate responses and to act upon the counter threats in its market share. To evaluate the strategic investment required in terms of human resources, training, facilities and infrastructure, a clear assessment of ports strength and weakness is essential. It is imperative for a port to identify its environment and its competition, its vision and mission and its strategies. Ideally a port is designed according the demands of the objectives of the port, which in turn depends on the mission statement. Mission statement includes four elements purpose, strategy, behaviour standards and values. The purpose elements explains why the company exits, strategy explains the competitive position and distinctive competence of company, values suggests why the company exits and behaviour standards look in to the policies and behaviour patterns that underpins the distinctive competence and the value system of company. (Gaur,2009) An ideal single typology for port planning can rarely be achieved.The facilities which a port provides is designed by considering ships which uses them, the land transport and the port facilities at the other end of the route-that is, as part of an integrated transport system. A planner should always consider the problems in the port, in the context of the larger transport system of which the port is a part. He should also be aware of that fact that that strategic and social considerations play an important role in the location of a new port. Within these limits he should, however must be able to encourage and assist the industrial planners to search for the overall optimum economic resolution. Port development and planning is largely influenced by numerous factors such as demand, competition, changes in trade patterns,port management, cargo handling technology ,environmental pressures etc. Environmental Issues of Port Sea ports are very multifaceted system when viewed from environmental point of view. The, the very existence of ports, as well as any expansion can always results in a certain loss of habitat .In fact most of the elements including construction and operation of ports in one way or another way can be associated with environmental impact. Pollution in ports can take place either under normal conditions or accidentally(Darbra et al., 2004). The constant and movement of ships in a limited and compact area can lead to collisions between ships or between ships and the coast at frequent intervals, following risk the of the release of hazardous materials (Trozzi andVaccaro, 2000).Ports faces with different environmental issues and is greatly influenced by the characteristics of each port (Casal, et al., 1999). Table 2-1 (A) summarizes the ranking of the major environmental issues in sea ports, according to the results obtained from the Europe Sea Ports Organization (ESPO) The have been a lot of changes occurred over the thirteen years ase shown in the table .Port waste which not even present in the 1996 top 10 ranking was able achieve the first placed in 2003.In 2009 pollution caused by noise topped the chart. These changes can be considered as the result of increased environmental awareness in ports and the actions carried out as a result of increasing pressure from environmental legislation. Contributions of Port Activities in Pollution A wide range activities in port and harbour including dredging operations, materials disposal, shore zone development, increased maritime traffic and vehicular traffic in the port has an outcome in the form of anthropogenic contaminants to the environment (Trozzi and Vaccaro, 2000). Pollution problems caused by port activities can be characterized into the following: Destruction of coastal habitats and silting of navigational channels due to causeway construction and land reclamation; Unregulated mariculture activities in the port and harbour areas may threaten navigation safety; Surface water quality deterioration can happen during the construction and operation phases; Operations in port and harbour can generate sewage, bilge wastes, solid waste and leakage of harmful materials both from shore and ships; Contamination of coastal water by urban effluent discharge can affect the human and fish health Pollution caused by oil due to the port/harbour and shipping operations is one of the major environmental hazards . This includes bilge oil released from commercial ships handling non-oil cargo as well as the more common threat from oil tankers Air pollutant emissions due to ship emissions, loading and unloading activities, construction emission and emissions due to vehicular movement. Gupta et al. (2002, p. 199) Air Pollution The major air pollutants related to port activities are particulate matter (PM), volatile organic compounds (VOCs), nitrogen oxides (NOx), ozone, and sulphur oxides (SOx). Other pollutants such as carbon monoxide (CO), formaldehyde, heavy metals, dioxins, and pesticides can cause problems as well (Bailey and Solomon, 2004).Construction and vapours, gas oil produced during oil product transport, emissions of transport vehicles are considered to be major sources of air pollution in ports. Specific analysis is as follows (Bailey, 2004): A mixture of lime dust is produce during port construction which involves land piling, excavation, road resurfacing, materials transport, and cement casting .These have a definite impact on the air in the port area. Another source causing air pollution is the dust released during the process of handling and transporting of coal, ore, grain and other substances.The secondary stirring of dust may also occur whenever natural wind blow are produced with storage of similar merchandises bulk yards. Atmospheric dust pollution may result from the fuel used in assisted lifting facilities; Gases produced during port operation also causes serious air pollution.During the loading, transporting and storing of oil products and liquids at oil ports and container zones exhaust gases are emitted .These gases are referred as oil gases.Exhaust gases are also emitted from freight trucks and transportation vehicles. (Bailey, 2004). Another source includes indirect GHG emissions associated with the import and consumption of purchased electricity by a port for port-owned buildings and operations http://iaphtoolbox.wpci.nl/GreenG_strategies.html The largest emission sources within ports are from marine vessels, trucks and cargo handling equipment. Together they account for over 90% of emissions at ports. Figure 2-2 shows the PM emissions and NOx emissions (Bailey, 2004). Largest Emission Sources within Ports (PM Emissions and NOx Emissions)Sourceï ¼Å¡Bailey, 2004. Noise Pollution Noise can be transferred through waterborne, airborne and structureborne. Most of the noise pollution is the airborne noise and it can influence related area nearby ports (Trozzi and Vaccaro, 2000) Theory of ergonomics states that ‘when the noise operating environment is more than a certain threshold the operating efficiency will decline sharply. it will lead operation errors then cause security incidents Noise in the shore:Construction and operation of a port are the main sources of noise pollution In port areas.This include the noise of construction machinery, traffic noise , mechanical noise of loading and unloading and other shipping activities. Ship noise includes the noise of ship operation, cabin mechanical impacting, air flow vibration, which can seriously affected staffs physical and mental health.. Water Pollution Port activities and development process have larger contribution in water pollution. Major pollutants include direct pollutants during construction and operation phases and indirect pollutant occurring from the port under development. Construction of a new port or development includes building of Cofferdam, land reclamation, waterway dredging which can result in sea water turbidity; and the possible discharge of hazardous substances in sediments at the surface of water cause secondary pollution; Port activities causing water pollution are listed below: Ballast water, washing process of oil tankers, cabin water, gas stations on shore, repair machinery and moving machinery wash water are example of wastewater containing oil by products; Runoff water from storm sewers and coal storage iron ore, non-metallic ore, the terminal yard, the wash water of the terminal surface, the belt corridor and other places, and the leaked sewage water from coal and or mines Toxic, hazardous materials and bulk liquid from containers and transport ships can bepresent in the cleaning sewage Port region and ship sewage, mainly from local canteens, bathrooms, toilets, office buildings and other ships anchored in port; and,Industrial wastewaters produced from the nearby port industrial zone. Mishandling and breakage of cargo process ,fault in machine or fault of stevedores and lack of maintenance can lead to leakage of oils, fuels, chemical substances, toxic material and liquids International Association of Ports and Harbors (IAPH), 1999): 2.3 Environmental Planning and Management in Ports The purpose of environmental management is to protect environment and natural resources systems in the port surrounding area and to ensure the sustainability of development efforts over a long-term basis(Environmental Impact Assessment of Irrigation and DrainageProjects,1995).Throughout the history of port planning there has been only a little attention paid to the major environmental aspects Planning process at ports is basically in the hands of civil engineers and surveyors (Anon,1997) and hence the priority has always been on technical standards and land values. The environmental aspects considered during port development have generally been the by-products of related legislation, such as Health and Safety regulations, dangerous goods area spacing, waste reception and disposal, and traffic planning for ship safety (Couper, 1999).

Herbal Medicine Essay -- essays research papers fc

Alternative medicine has been around for centuries, although it has just started to become very popular in countries such as The United States. Many people now are following the trend without knowing anything about alternative medicine. People should be aware of the benefits as well as the precautions involved in taking these natural remedies. The most common form of alternative medicine nowadays is herbal medicines. These natural remedies can be found in millions of American homes today. Herbal medicine is probably the most widely used of the alternative medicines. Herbal medicine is a part of homeopathy, which is an alternative system of healing that uses very small doses of substances to relieve specific symptoms (2). Traditional herbalists tend to use combinations of small amounts of herbs to meet the needs of the patient. Natural medicines are a part of our world. There are natural remedies to many everyday illnesses. Natural medicines have been used through out the history of the world. There are records of the Egyptians using them in 1,600 BC. There are scriptures that date back to the Yin dynasty in 1,500 BC. The Old Testament also has many references to herbal medicines. The ancient Chinese were experts at natural medicine. They were experts on using plants, animals and minerals to heal themselves(7). The Chinese’s natural medication didn’t start diffusing over to Europe until the 2nd century, but there were many similarities in the Chinese’s and the Egyptian’s natural medicines (7). There are several benefits to in using alternative medicines. First, alternative medicine does not separate symptoms of a physical nature from those of a mental-emotional nature (6). This theory from ancient China expects specific mental/emotional conditions to go along with certain disease patterns, and expects these emotional symptoms to respond to treatment as well as any physical symptoms(6). Also, in alternative medicine each and every sign and symptom is understood and interpreted in relationship to all the others. While a medical doctor might choose to send a patient with a variety of symptoms to two or three specialists, a good practitioner of traditional alternative medicine sees and understands all the symptoms together as a single pattern. Any treatment prescribed is designed to work effectively with the entire pattern and all its symptoms. Done skillfull... ...c Newt. http://www.botanical.com 10. â€Å"Henriette’s Herbal Homepage.† 1996 The National Library of Medicines. http://ibiblio.org/herbmed 11. â€Å"Herbal and Alternative Remedies.† 2000 Micromedex Thompson Healthcare. http://www.family doctor.org 12. â€Å"The Herbal Encyclopedia.† 1996 Pro Health International. http://www.wic.net/waltzark/herben 13. â€Å"Herbal Remedies-Ginseng: The Inscrutable Root.† http://www.women.com 14. â€Å"Herb Research Foundation.† 2000 Herb Research Foundation. http://www.herbs.org 15. Hoffmann, David L. â€Å"Ginkgo Biloba.† http://www.healthy.net 16. Karp, Peter D. â€Å"E. Coli Information Page.† 1999 Pangea Systems, Inc. http://ecocyc.pangeasystems.com/ecocyc/ecoli.html 17. â€Å"MacConkey Agar.† 1995 University of Texas 18. â€Å"Preparing Herbal Remedies.† 2000 Garden Guides. 19. â€Å"Tryptic Soy/Broth Agar.† 1995 University of Texas 20. Yang, Tiende.â€Å"The Nature of Ginseng.† 2000. 21. â€Å"Tryptic Soy/Broth Agar.† 1995 University of Texas

Catcher In The Rye :: essays research papers

Catcher in the Rye Essay "I keep picturing all these kids playing some game in this big field of rye and all. Thousands of little kids, and nobody''s big but me. And I''m standing on the edge of some crazy cliff -What do I have to do, I have to catch them. I mean their running, and they don''t look where their going, so I must come out of somewhere and catch them."(Salinger,173) J.D. Salinger, in his timeless classic, The Catcher in the Rye, a novel depicting the complications of life as an adolescent, uses reality verses allusion, phoniness in society, and the loss of innocence as themes in his novel, to present the true inner character of Holden Caufield. Beginning to learn the truths of society and growing up, sixteen year old, Holden has a hard time adjusting to maturity. After the death of his younger brother Allie, his inability to remain in one school, and his ongoing dislike of many people and their morals, Holden has been driven to depression in which he dispenses to a psycoanaylgist throughout the novel. Through his novel, Salinger incorporated the theme reality verses allusion, to demonstrate how the mind of some adolescents are so unwilling to face the truths of society. As stated above, Holden wishes to accomplish an futile task, save children from growing up, and protect them from the corruption of adulthood. The following presents an example of Holden''s inability to grasp the differences between reality and allusion. "Somebody written ''Fuck You'' on the wall. It drove me damn dear crazy. I thought how Phoebe and all the other kids would see it, and then how they''d wonder what the hell it mean, and finally some dirty kid would tell them- all cockeyed, so I rubbed it out."(Salinger,201) Presented here, an another example on how Holden once again attempts to accomplish the impossible, save children from the words and instances that they are going to transpire no matter how hard someone desires to hide it. Holden allows himself to live in a state of unrealistic tho ughts, with the idea that change will forever be deleterious. Yet Holden seems frightened to admit to himself that change and development are a necessary part of reality. The only way one would be able to avoid change would be to die young, avoiding maturity, and maintaining innocence. Holden''s dislike towards change attracts his interest to the museum, because a museum continues to be never changing, the displays are forever set in stone, and preserved.

The Roles of Individuals in their Communities in Ancient Greece Essay

The Ancient Greeks had many values that made their civilization successful, but one of the most important was their sense of community. The Greeks, especially in Classical Athens, considered their community in the decisions they made, and they were interested in the affairs of the state. It was important to them that their society was functional and productive, and their personal needs often came second to those of the state. Community was a central value in Greek culture, and the individual’s contribution to the community strengthened the state and benefitted each person. Some philosophers disagreed, with this, however, and valued independent thinking over obedience and loyalty to the state. The government structure reflected the Athenians’ belief that individual contribution is crucial for sustaining a productive society. In the Classical Era, which was from 490-323 BCE, democracy was implemented and resulted in the power over the state lying in each citizen’s hands. Every vote affected the decisions that were made for the community, and every person had a say. The democratic system increased the individual’s involvement and interest in state affairs, therefore making each citizen more aware of what was happening in his community. As Thucydides said in Pericles’ eulogy, â€Å"Here each individual is interested not only in his own affairs but in the affairs of the state as well: even those who are mostly occupied with their own business are extremely well-informed on general politics.† By being well informed, the Athenians made better choices for their polis and cared more about what was going on in their city. The specialization of labor also reflected the Athenian belief that each individual contribution is essential for ... ...i. How Electricity is Created. 28 April 2010. . Grant, Simon. Information and Technology Serving Human Development. 28 April 2010. . The Greenhouse Effect. 22 March 2010 . . Sharkey, Joe. Sometimes, You Just Have to Be There. Proquest. 22 Mar. 2010 http://proquest.umi.com/pqdweb?index=2&did=1947821801&SrchMode=2&sid=2&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1264612585&clientId=9168&cfc=1 Technology Timeline. 22 March 2010. . Torr, James D. The Information Age. Farmington Hills: Greenhaven Press, 2003. Washington State University. The Industrial Revolution. 22 March 2010 .

America’s Change in Industry and Technology in the Early 1800s Essay

America’s ideas and beliefs have been changing over centuries of mistakes and experiments. This is the way that we formed our own government, made the right choices in subsequent decisions, and how we exhibit what kind of country we are to the rest of the world. Our nation evolved more quickly following several inventions that may seem simple or obvious in retrospect. One of America’s biggest eras of change was in the early 1800s. Jobs were moving from farms to factories. Transportation was turning certain cities into hubs of industry. The dependence on slaves was increasing on the Southern plantations. During the early 1800s, new technology and industrial methods changed the way people in America made a living. Key inventions that impacted American industry included factory production and Eli Whitney’s concept of interchangeable parts. These innovations led to mass production of manufactured items. Machine-made components, unlike parts that had been crafted individually, could replace each other in a product. Even unskilled workers could make these parts. Because of this, products became more plentiful, less expensive, and easier to repair. Cloth also became a mass-produced commodity. The thread-spinning water frame and the cloth-weaving power loom were invented at a time that people were giving up on farming the poor soil of the Northeast. In addition, steam engines and water mills increased production and decreased cost of the factories that employed townsfolk and financed cities. All of these beneficial results made manufacturing more lucrative than working on a farm. The abundance of products being made during this era called for a more efficient method of distribution. American cities developed as centers for manufacture and trade. New roads and a system of canals were built to carry the products to distant markets. Steam engine locomotives also became an important means of transportation for goods and people. Industry and housing for its workers were built around the ports and train stops. America’s expansion of transit helped cities develop as economic centers. Once the factory system became the successful business model, city life became the norm. People started to work in the artificial environment dictated by their tasks. Most people no longer woke up to the sound of the rooster signaling them to milk the cow and collect the eggs. Instead, they worked set hours in a factory, earning a regular income. However, large factories and shipping companies needed more than just manual labor. They also employed foremen, supervisors, and watchmen to keep the business secure. As a result of this division of labor, people could work more efficiently. Not every innovation was benign. Eli Whitney’s invention of the cotton gin (short for engine), which prepared cotton faster and more efficiently than by manual means, made selling cotton to the textile factories in New England even more profitable, but at a cost. Unfortunately, the increased demand for cotton by Northern factories escalated the need for slaves in the South to pick and supply larger quantities of raw materials. A negative result of the invention of the cotton gin and its role in the Industrial Revolution was that in just twenty years, the slave population rose from 697,897 to 1.2 million. Slaves and their sympathizers were hurt and upset by this growing injustice. From the start of the Industrial Revolution, new methods of production changed the jobs, income, and environment of the average American worker. Interchangeable parts, steam power, and the factory system increased production, decreased cost, and stimulated the growth of cities and transportation. America developed cities full of workers and transportation routes loaded with products. Manufacturing supported the Northern economy, while the South was still reliant on slave labor. Life in America changed greatly in the early 1800s with the country’s advancement from farming and simple trade to a modern, consumer-based economy.

Course Materials Essay

cultivation system of ruless in global problem Today, of precaution entropy systems. enunciateing Read Ch. 2, Global E- bloodline and Collaboration, of instruction culture Systems. connectionParticipate in ground level talk aboution. 3 turn extinct of 7 long time 8 for the week stripped-down. partnership on additional years is recommended. 3 out of 7 days with 2 seats minimal on those 4 days2 financial support operation headache integration Levels Resources SkillSoft (2012). IT outline Essentials Business and IT Strategy Alignment. Complete The Business Integration Levels mental faculty in Skillport.Imagine you gather in been hired by a atrophied well-funded startup comp both to attention with their IT-enabled employment strategy. Your first regardion is to let them manage the elements involved with using IT-enabled c be strategy. salve an e-mail describing the five elements of IT-enabled trading sector strategy. practise the pursual questions in 200 to ccc spoken communication each What atomic number 18 the advantages of positioning business and IT strategies? How does IT deliver business benefits that be related to the business strategy? Monday stigmatise to build book2 instruction squad book of instructionsLearning Team CharterComplete and submit the Learning Team Charter. Learning Team instructions proceeds Request SR-rm-012 opus and intromission (Preparation)Resource Virtual Organization for Riordan Manufacturing depress workings on helping Request SR-rm-012, Business Systems, for Riordan Manufacturing. Write a 10- to 12- rapscallion root and throw a Microsoft PowerPoint demo of the project, due in hebdomad Five. Assume that the paper and presentation are to be presented to an executive focusing committee. At a minimum, the paper moldiness include the followingEach subject of business system and subsystem A verbal verbal description of each business system and subsystem identification of the inter relationships of business systems and subsystems person System stock list For this assignment, you will accept from the following options picking 1 Virtual Organization System Inventory Option 2 cosmopolitan IT System Inventory Read the instructions in the University of capital of Arizona Material System Inventory situated on the school-age child website and give one option to round the assignment. Monday back to grade book5 Week deuce Business Environment DetailsDuePoints Objectives2.Identify economic, government, and wakeless invites on business. 2. 2Describe the ethical and credential measures considerations for an teaching system in business. 2. 3Describe the demand for bail measures in IT organizations and cultivation systems. Reading Read Ch. 3, randomness Systems, Organizations, and Strategy, of focal point randomness Systems. ReadingRead Ch. 4, honest and Social Issues in Information Systems, of Management Information Systems. ReadingRead Ch. 8, Securi ng Information Systems, of Management Information Systems. ParticipationParticipate in anatomy discussion.Participation on additional days is recommended. 3 out of 7 days with 2 put ups minimum on those 4 days2 accompaniment action trade protection Threats and DefensesResources SkillSoft (2012). Control bedrock and Security Threats. Complete The Security Threats and Defenses faculty in Skillport. Write an informative memorandum to a business manager that does not full understand the need for warrantor measures. show the risk of not protecting against know security department threats such as br another(prenominal)ly engineering. Answer the following in the memo in 200 to 300 haggle eachtalk over the use that preparing employees to experience and respond to tender engineering techniques should unravel in the organizations boilersuit culture security curriculum. Note trio specific social engineering techniques. Discuss how they can be recognized and how to ruff pre pare employees for each potential attack. Monday invest to grade book2 Learning Team operating instructions service Request SR-rm-012 cover and video dis bid (Preparation)Resource Virtual Organization for Riordan Manufacturing canvass the berth page and the Finance, and business relationship page located on the intranet site for Riordan Manufacturing.Identify and describe, base on your review, animate and needed business systems and subsystems. potation the first 2 to 3 pages of the paper. Individual Service Request SR-kf-013 news reportKudler ok Foods is in the process of developing a pertly frequent shopper program. Details of this program are described in the Service Request SR-kf-013 and on the gross sales & merchandising page of the Kudler Fine Foods intranet website. Write a 3- to 5-page paper describing the potential legal, ethical, and information security concerns related to the development of the Kudler Fine Foods snitch Shopper Program.Discuss in your pape r any specific be related to these issues that are relevant to your review. These could include fines and other costs related to problems in these areas. Keep your summary focused on the requested concerns, not the project itself. Your paper should focus on making management aware of the issues that essential be addressed in the new system and should not directly dole out the implementation process. Include in your description how this information system has an effect on the organizational structure. Monday post to grade book15 Week Three Finance and accountancy DetailsDuePoints take accounting information systems. 3. 2Analyze accounting information systems and business processes. ReadingRead Ch. 1, An basis to the Role of Accounting in the Business World, of Core Concepts of Accounting. ReadingRead Ch. 2, Concepts and Elements underlying Accounting, of Core Concepts of Accounting. ReadingRead Ch. 9, The Corporate Income Statement and financial Statement Analysis, of Core Co ncepts of Accounting. ParticipationParticipate in class discussion. 3 out of 7 days 8 for the week minimum. Participation on additional days is recommended.Discuss the need to integrate accounting systems with those in the tranquillity of the endeavor. Why would such systems need to yield constant data feeds from throughout the enterprise? Monday post to grade book2 Learning Team Instructions Service Request SR-rm-012 Paper and Presentation (Preparation)Resource Virtual Organization for Riordan Manufacturing Review the Human Resources and Legal pages located on the intranet site for Riordan Manufacturing. Identify and describe, based on your review, existing and needed business systems and subsystems. engage the next 2 to 3 pages of the paper. IndividualAccounting System PaperFor this assignment, you will choose from the following options Option 1 Kudler Accounting System Paper Option 2 Profit and Loss Statement Paper Read the instructions in the University of phoenix Material Accounting System Paper located on the student website and select one option to complete the assignment. Monday post to grade book15 Week Four sales and selling DetailsDuePoints Objectives4. 1Examine contemporary trade practices. 4. 2Describe securities industrying in the electronic commerce environment. ReadingRead Ch. 1, selling Creating and Capturing Customer Value, of trade.ReadingRead Ch. 2, Company and Marketing Strategy Partnering to Build Customer Relationships, of Marketing. ReadingRead Ch. 4, Managing Marketing Information to Gain Customer Insights, of Marketing. ReadingRead Ch. 14, Direct and Online Marketing building Direct Customer Relationships, of Marketing. ReadingRead Ch. 16, sustainable Marketing Social Responsibility and Ethics, of Marketing. ParticipationParticipate in class discussion. 3 out of 7 days 8 for the week minimum. Participation on additional days is recommended. 3 out of 7 days with 2 posts minimum on those 4 days2 Supporting ActivitySocial Med ia and Online MarketingResources SkillSoft (2012). Marketing Essentials Introduction to Marketing. Complete The Social Media and Online Marketing module in Skillport. Imagine the IT department of a medium-sized company has hired you. Your first designate is to explain the value of social media as a marketing tool. Write a earn to the IT department in which you discuss the let on things the company should do to take a crap a strong positive social media presence. Answer the following questions in the letter in 200 to 300 run-in each What role do IT systems play in marketing?How can IT systems help support an organizations marketing cases? What are the key elements of an organizations online re presentation? How can they positively influence each one? Monday post to grade book2 Learning Team Instructions Service Request SR-rm-012 Paper and Presentation (Preparation)Review the Sales & Marketing page located on the intranet site for Riordan Manufacturing. Identify and describe, ba sed on your review, existing and needed business systems and subsystems. Draft the next 2 to 3 pages of the paper. Begin working on your Microsoft PowerPoint presentation.Individual McBride Marketing PaperResource Virtual Organization for McBride Financial run McBride Financial Services wants to expand its client base and needs ideas on what to put in its new marketing effort toward this goal. Write a 3- to 5-page paper describing a marketing plan for McBride Financial Services. In completing the assignment, consider the following What market research would you undertake? What types of media would you use? What are McBrides target markets? What are the considerations for McBride to comport a portion of their marketing on the Internet?Explain your reasoning for your responses. Monday post to grade book15 Week Five Information Systems DetailsDuePoints Objectives5. 1Identify types of information systems and required security. 5. 2Apply the concepts of information systems to business processes. ReadingRead Ch. 1, Information Systems in Global Business Today, of Management Information Systems. ReadingRead Ch. 2, Global E-Business and Collaboration, of Management Information Systems. ReadingRead Ch. 3, Information Systems, Organizations, and Strategy, of Management Information Systems.ReadingRead Ch. 8, Securing Information Systems, of Management Information Systems. ReadingRead Ch. 13, Building Information Systems, of Management Information Systems. ParticipationParticipate in class discussion. 3 out of 7 days 8 for the week minimum. Participation on additional days is recommended. 3 out of 7 days with 2 posts minimum on those 4 days2 Supporting Activity Control TypesResources SkillSoft (2012). Control Fundamentals and Security Threats. Complete The Control Types module in Skillport. Imagine University of Phoenixs IT department has hired you.Your first task is to make sure the department is following the most important information security practices. Write a 2- t o 3-page paper high spot the most important information security practices. Answer the following questions in your paper in 200 to 300 words each What are three key elements for an organization to consider in alter its overall information security pushchair? Describe how each plays a role in the operations of the entire organization. How do the principles of information security apply to the satisfying that has been examined during the course?How can the systems used throughout the organization both enable business and protect the data they contain? Monday post to grade book2 Learning Team Service Request SR-rm-012 Paper and PresentationReview the Operations page for Riordan Manufacturing. Identify and describe, based on your review, existing and needed business systems and subsystems. Include information on the need for IT security in Riordan Manufacturing. Include types of information systems and required security for Riordan Manufacturing. Complete the final paper and project presentation.Monday post to grade book30 Copyright University of Phoenix is a registered trademark of Apollo Group, Inc. in the coupled States and/or other countries. Microsoft, Windows, and Windows NT are registered trademarks of Microsoft union in the United States and/or other countries. All other company and fruit names are trademarks or registered trademarks of their individual companies. Use of these marks is not think to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix editorial standards and practices.