I Have Always Had A Passion For Serving The Public And

I have always had a passion for serving the public and working with young people. Early on, I set my heart on being a juvenile attorney. Pursing this, I earned a bachelor’s degree in criminal justice but, it wasn’t until I interned with Safe Landing Youth Shelter where I realized my true calling. The satisfaction and fulfillment I felt working with the youth shelter pivoted my focus towards my new passion. My desire to help people is a simplified answer to why I want to pursue a career as a social worker, however, there is so much more to that question. I want to be a child advocate because I want to be that person speaking up for the child. I want to be able to say what a child is afraid of or does not know how to say. Being an†¦show more content†¦I am always willing to put in the effort and using my vigorous work ethic, I am prepared to succeed. To become a better student and to successfully complete the MSW program I will need to further improve on my stre ngths. I am determined to work harder and push my limits to complete this Masters of Social Work program. I am actively improving my time management skills each day along with devising strategies to keep myself focused and on track. Scheduling my time and setting goals for myself helps cut out distractions. Developing these skills and recognizing, evaluating and resolving ways to overcome my weaknesses will ensure that I am successful in this program. In my time spent volunteering at Safe Landing, I worked with and grew to know some of the children in social services. Seeing their struggles and hearing their stories grew my compassion to help others in their same circumstances. Through those experiences, there was always a line where I stopped and the social worker in me picked up. Most of my volunteer experiences I’ve had were aimed at helping youths learn life skills such as cooking, cleaning, and helping with their studies. The goal of this was to help the kids learn new skills and to present a positive alternative to mischief. I found immense joy from this but grew weary of not being able to do more. I lacked the power and resources to be able to make an evenShow MoreRelatedLetter Of Public Administration Online Learning Program1118 Words   |  5 Pagesmy hope to enroll in and complete your Master’s of Public Administration-online learning program. I write what follows below in support of my application. My intent on writing this statement is to do so with pure genuine, honesty, and to express myself as openly as possibly so my heart can be understood. There were no extenuating circumstances in my background that would give a reason as to why I desire to work in the public sector. I believe I was born with the will to serve others, a strong attributeRead MoreMy Interest On Public Health916 Words   |  4 Pages My interest in public health stems from a lifelong connection to and fascination with our healthcare system, even from the time b efore I could comprehend it. From as far back as I can remember, I have been surrounded by individuals with a passion for the maintenance, education, and defense of health and wellness. My mother was a registered nurse, and elements of her profession, such as a commitment to compassion and unyielding ethical values, became salient characteristics of my upbringing. In additionRead MoreAn Active Member Of My School s Theatre Department Essay1201 Words   |  5 Pagesmember of my school s theatre department, I am a frequent visitor during my acting director’s office hours. While he seems to only spew cheesy platitudes, one has really stuck with me. Perception is reality.† Growing up with a flair for the dramatic, I have a slight tendency to end up in the center of a crowd. I m loud, I m bold and most of all, I m confident. These traits are undoubtedly the things people notice about me right off the bat. I’ve always taken pride in my ability to be heard, whetherR ead MoreWhy Do You Want For Attending John Wesley Honors College?990 Words   |  4 Pagesdevelop into a well informed, deep-thinking, and resourceful servant leader. I have always had a passion for learning. As some kids dread school and learning, I have always been excited and intrigued by it. Learning answers and reasons why to questions has always interested me into discovering truth and ultimately lead to my successful academic career in high school. God has gifted me with this passion for learning and I wish to glorify God in my studies and onto my career later in life. This honorsRead MoreA Child I Loved Riding Roller Coasters1211 Words   |  5 PagesAs a child I loved riding roller coasters. The fast speeds, the moment before the big drop, and that sinking feeling in your stomach as you go up and down the track. In an odd twist of fate, a serious injury from a roller coaster as a 17 year old helped redevelop a motivation to succeed that I would not otherwise have known e xisted in me. The summer after I graduated high school I hit my head on the shoulder harness of a ride. Staggering off the ride I felt strangely fatigued and nauseous, walkingRead MorePersonal Statement On Child And Family Studies1244 Words   |  5 PagesOne of the greatest pieces of advice that I have received is that if you do something that you love, you will never work a day in your life. It took me changing my major three times to find what I am truly passionate about. After I changed my major to child and family studies I enjoyed learning everyday and applying what I learned from class into the real world. The knowledge that I obtained through my classes assisted me through my experiences as a nanny, a student worker for the department of childRead MoreThe Qualities Of A Leader979 Words   |  4 Pagesbusiness, and life if not for the leaders we have followed to get here? Leaders are everywhere; they are running our country, leading our work department, and leading our class lines. The b eauty of leadership is that everyone’s definition and preferred style is and can be different. When choosing a leader to write this paper on I knew exactly who to choose for two reasons. First, the leadership style is attractive to me and I know it most resembles the style I use when exercising my leadership roles.Read MoreRhetorical Strategies Analysis of Bill Clintons First Inaugural Address1007 Words   |  5 Pagesdesired to have a new powerful authority to rebuild peoples confidence. Clinton won the 1992 presidential election with 42% of the vote against his predecessor, George H. W. Bush who had 37.4% of the vote. Clintons wining ended the Republican rule of the White House of previous years. With 43% of the vote, he outpolled the winning House candidate in five districts. Clinton has been described as a New Democrat. In January 1993, he had campaigned on the theme of change and the public expected himRead MoreInspiring Women Of Our Time : Hillary Clinton And Marilyn M onroe858 Words   |  4 Pagesis a Methodist. She was born with luminous blue eyes and blonde hair, which is now up to her shoulders. Additionally, Clinton once said, â€Å"People can judge me for what I ve done. And I think when somebody s out in the public eye, that s what they do. So I m fully comfortable with who I am, what I stand for, and what I ve always stood for† (Clinton). This statement portrays that she is a confident, self-assured and an inspiring woman of our time. Clinton has greatly encouraged and strived forRead MorePresentation Of A Banquet Server1264 Words   |  6 Pagesyear since I started to be a banquet server. The experience of working as a banquet server has helped me to appreciate people hard work around the tables serving their clients without complaining their exhaustion. According to Christa Titus, the author of â€Å"The Definition of a Banquet Server,† â€Å"A banquet server is a person who serves food and beverages to guests at an event.† The servers work at many special events such as graduation ceremony or wedding feast. Some of their duties are serving the ordered

Archibald Motley’s Art Free Essays

Archibald Motley Jr. is one of the African America painters who is renowned all over the world because of his work. One of his popular works is entitled ‘Blues’. We will write a custom essay sample on Archibald Motley’s Art or any similar topic only for you Order Now The ‘Blues’ work of Archibald Motleys is my favorite because of two things: one, because of the socio-political message the painting evokes, and two, because of the artistic style that Motley features in this particular work. The socio political meaning of the painting refers to the feeling of fusion that the painting evokes. If the audience of the painting will know of the background of the painting, then the audience will understand how the painting symbolizes the ability of music to bring together people from different parts of the world with different origins and inclination. The title is pertaining to the type of music that originated from African Americans, and during the time Motley composed it, it was a tribute to a part of the global music scene that is growing in public acceptance and enjoyment. Like what Shuman pointed out in explaining the relevance of the painting, ‘in the hands of artists like Hughes and Motley, the blues were a potent force in both popular and high culture’ (Shuman, 2002, p. 739) The aesthetic appreciation for this particular work is focused on Motley’s ability to pay tribute to the creators of such music by designing in the composition in a way that the black acts as a dominant feature of the painting, broken by the colored images of the dancers and the musicians and their clothing and the instruments. There is a sensual and fluid feeling that goes along with the painting, prompting the audience to get a glimpse of the high that comes along with the dancing of the blues because of what the curve lines evoke. The prevailing black patterns seem like references to the Black ancestry, origin and lineage, since the painting is a tribute to the success of one of the types of music that they introduced to the world. This is as much a reflection of his pride for his skin color. Being an African American himself, the painting speaks of how Black people are fusing with the rest of the world in great fluidity. How to cite Archibald Motley’s Art, Papers

Human Rights free essay sample

On June 11, 1776 Thomas Jefferson was in charge of a committee of five brilliant men who introduced the Declaration of Independence to the world. This was a very important message to all people because it was document trying to abolish slavery and the wrong doings of society. Also the Declaration of Independence was given to the Second Continental Congress to approve the work that had been done to support changes that occurred mostly in the Southern States. But Jefferson was highly upset because they made changes to the document without consulting him. No matter if a person is a different race, religion, or have a different political view they still should be treated equal as anyone else. Living in today’s society there is a variety of discrimination that goes on with people or things that we feel are different. We are so judgmental on things or situations that we are not use to, or more like the variety of changes within other cultures. We will write a custom essay sample on Human Rights or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I think that every citizen in the world should be able to vote, have an education, also should be able to choose their own occupation, and also should have the rights to freedom of speech, and religion. Being able to vote changes the choices of many people opportunities in life. It also allows people to express their feelings about the way things are being done in the world. It is very important for everyone to have a basic education. Having a good education takes you a long ways in life; it also opens doors for people to have successful lives. Also having a good occupation determines how you function or maintain in life. But most importantly it helps prepare you for growth in the future. I personally feel that freedom of speech, religion is the two most important human rights that we have because it defines a variety of options in life. Having the right to freedom of speech gives many people confidence with themselves to say what they feel is true. Also having the freedom of religion gives many people the opportunity to value and practice their beliefs and customs. I t also gives them much hope and joy to practice their traditions of religion. The reasons why I have chosen these topics to be the most human rights are because they are issues that concern many people. I truly think that everyone should be able to participate in anything that makes them proud. Being human comes with many instructions but it is up to us to set standards for ourselves, also to believe in what we think is right. Also having rights to live by gives us discipline and guidance towards what we want to approve or accomplish. In conclusion, to everything that I mentioned in the passage having rights is a very serious and important privilege to have. Being able to have rights is a challenge for some people because they use there power in ways that they should not. But I think that everyone should try to come with a solution to enforce the rights and guidelines so that we can have a dedicated and leading world to live in just by the changes that they make themselves. In order to make these rights impact on other people lives we the people have to come together to make a difference within the world. Human Rights free essay sample This paper is an analysis of human rights violations. This paper is an analysis of human rights violations. The author gives some examples of how and why human rights violations tend to occur and examines how it effects society. To understand the conditions in which a human rights violation would not occur we must first address what a human rights violation is and its function in societies. In class we discussed the idea of first, second, and third generation rights. The first generation rights encompass political and civil rights. Economic and social rights are explained in the second-generation rights. Development and self-determination are covered in the third generation of rights. All three generations outline a humans inherently given rights according to where they are born and the culture that they stem. These rights are supposed to be guaranteed by the governments in which they live under. However, there are times in history when those rights have been purposefully violated in order to benefit another group of the society. We will write a custom essay sample on Human Rights or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page When this happens it is said that a human rights violation has occurred. In short, one groups rights being sacrificed for another groups rights.

The Depiction of Women in Three Escapist Fictions free essay sample

A comparison of the depiction of women in Geoffrey Chaucers The Tale of the Wife of Bath, Ian Flemings From Russia with Love and Sheri Teppers Beauty. This essay explores how three influential writers, Geoffrey Chaucer, Ian Flemming and Sheri Tepper, from three different eras have depicted women in their writing. The portrayal of females by each writer is explored separately and then contrasted with that of the other writers. Specific examples and characters from these literary masterpieces are used to support the authors argument. The author provides an analysis of the different ways in which women have been depicted throughout the history of literature The representation of women in literature has been the focus of much research conducted by both feminists and literature critics, particularly over the last thirty years. Sheri Teppers Beauty, Geoffrey Chaucers The Wife of Bath and Ian Flemings From Russia with Love, are all examples of escapist fiction in which the attitudes towards women play a key role in the theme of the story. We will write a custom essay sample on The Depiction of Women in Three Escapist Fictions or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Despite the claim that escapist fiction is isolated from the world in which its author lives, the values of both the author and the society in which he or she lives are reflected in their writing. The Wife of Bath, written in the fourteenth century, represents females as identical member of one group, all possessing the same faults and desires. Fleming, writing in 1957, depicts women differently again, categorizing them into two extreme stereotypes: the dominant, aggressive female and the submissive, naive female.

Compound Words Dont Always Compare

Compound Words Dont Always Compare Compound Words Don’t Always Compare Compound Words Don’t Always Compare By Mark Nichol When it comes to linking words to form new words, English is a particularly mischievous language. Different compound words with an element word in common, or pairs of words analogous to each other, may be inconsistent about the presence or absence of a letter space or a hyphen when you see them listed in the dictionary and other resources. That goes especially for directional duos. Keep a sharp lookout for these spacing shenanigans: Front and Back For some perverse reason, a few common compounds that include front, and their back correspondents, are treated differently: â€Å"front door,† backdoor (but only as an adjective); â€Å"front seat,† backseat; â€Å"front yard,† backyard. How could this have happened? Perhaps its the ubiquity of other closed compounds beginning with back (such as backache, background, and backlash) compared to the absence of front-loaded analogues. Speaking of front-load, compounds beginning with front, such as that word and â€Å"front man,† are invariably open or hyphenated, and if they have back counterparts (you can back-load, but no one refers to a back man), those are also open or hyphenated. Another contributing factor may be that back constructions are idiomatically richer: â€Å"backdoor man,† â€Å"backseat driver,† and â€Å"backyard grill† have given compounds beginning with back a higher profile, so it’s likely they tend to evolve from open to closed compounds with greater alacrity becoming front-runners, as it were. In and Out After studying compounds beginning with in, I’m done in. Adjectival forms, whether tangible (in-flight) or intangible (in-depth), are often hyphenated, but so are many noun forms, such as in-group and in-joke. Meanwhile, most hyphenated terms beginning with out are obscure, like the fiscal term out-year, or as with out-migrate (â€Å"emigrate†). Exceptions include out-front, meaning â€Å"honest,† and out-there, meaning â€Å"unusual.† Fortunately, the most common usages are inbounds (though the antonym for that word is not outbounds, but â€Å"out of bounds†). Indoor and outdoor, inward and outward, inset and outset (though that last pair do not have antonymic meanings) don’t try to outfox or outbox us. But speaking of outbox, why, in clerical contexts, is it in-box and out-box, not inbox and outbox? This reasoning is a stretch: Though you can’t inbox someone, you can outbox them, so that form’s already taken. I’m satisfied to see the clerical terms remain hyphenated, while the pugilistic outbox is closed. Up and Down Why do you show up for a showdown? In this case, one is a verb phrase and the other is a noun. But compound nouns ending with up are usually closed (buildup, markup, windup). An exception for closure is close-up (meaning â€Å"a proximal view,† not â€Å"to lock a store for the night,† which would be hyphenated only before a noun: â€Å"He carefully followed the close-up procedure†). That’s because it follows the rule that words ending with vowels are generally hyphenated to others, rather than, well, closed up. Adjectival compounds beginning with up (such as up-country and up-tempo) and down (generally, more obscure than their up counterparts, like down-home) tend to be hyphenated. However, up nouns are usually closed (upshot, downfall). Though open or hyphenated up equivalents are almost nonexistent, down compounds can be open (the card-playing term â€Å"down card†) or hyphenated (the music term down-bow) as well. What’s the take-away (not to be confused with take-in)? Keep your dictionary handy. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:When to Capitalize Animal and Plant NamesIs There a Reason â€Å"the Reason Why† Is Considered Wrong?Prepositions to Die With

Analysis of Divisional Performance of Asian Paints Ltd

PURUSHOTHAMAN ASSOCIATE PROFESSOR M. COM (BUSINESS FINANCE) DEPT. OF COMMERCE 2nd YEAR PONDICHERRY UNIVERSITY REG. NUMBER: 11351059 INTRODUCTION DIVISIONAL PERFOMANCE OF COST CENTRE AND PROFIT CENTRE A profit centre is a unit of a company that generates revenue in excess of its expenses. The main aim of profit centre is to earn profit. The performance of profit centre is evaluated in terms of whether the centre has been achieved its budgeted profit A  cost centre  is a business unit that is only responsible for the  costs  that it incurs. The manager of a cost centre is not responsible for  revenue  generation or asset usage. The performance of a cost centre is usually evaluated through the comparison of  budgeted  to actual costs. The costs incurred by a cost centre may be aggregated into a  cost pool  and allocated to other business units. Investment centre is responsible for both profit and investment. The investment centre manager has control over revenue, expenses and the amount invested in the current assets. The following are the techniques used to measure the divisional performance of cost centre and profit centre * Variance analysis * Profit * Return on investment * Market share COST PER UNIT: Cost refers to the total cost incurred for the production. So cost per unit refers to the cost incurred for producing 1 unit. Normally we used the below formula to calculate the cost per unit Cost/unit = total cost / No. of unit produced COST PER UNIT year| Production| Total expenses| COST PER UNIT| 008| 40946. 7| 559586| 0. 073173203| 2009| 50418. 7| 602922| 0. 083623918| 2010| 57937. 2| 732142| 0. 079133829| 2011| 72582. 9| 849056| 0. 085486587| Interpretation: The above table and chart shows the cost per unit of Asian paints India ltd. They incurred highest cost per unit in the year 2011. This may because increasing the cost of raw material or other charges etc. It is better to have lower cost per unit because when cost per unit increases the total cost will increase. That in turn reduces the profitability of a firm. In the 2008 the firms have lower cost per unit of production compared to other years. So may be this year the profit is increased. The cost per unit is higher in the years 2011 and 2009. COST VARIANCE Cost variance (CV) is the amount of money that was actually spent on a project or a part of a project compared to the amount of work that was actually accomplished. Cost variance = Budgeted cost of work performed – The actual cost of work performed. YEAR| TOTAL COST| STANDARD| COST VARIANCE | DECISION| 2008| 40946. 7| 61276. 54| -20329. 84| A| 2009| 50418. 7| 61276. 54| -10857. 84| A| 2010| 57937. 2| 61276. 54| -3339. 34| A| 2011| 72582. 9| 61276. 54| 11306. 6| F| 2012| 84,497. 20| 61276. 54| 23220. 66| F| Interpretation: Here from 2008 to 2010 there is a favorable situation because in these years actual cost is less than standard cost. In 2011 and 2012 actual cost exceeds standard cost. That may be because of increase in the cost/unit in these years. SALES VARIANCE Sales variance is the difference between actual sales and budget sales. It is used to measure the p erformance of a sales function, and/or analyze business results to better understand market conditions. Sales variance = Actual sales – standard sales Segment 1= Paint YEAR| SALE| STANDARD| SALES VARIANCE| DECISION| 2008| 39062. 2| 51731. 3| -12669. 1| A| 2009| 48641. 9| 51731. 3| -3089. 4| A| 2010| 56135| 51731. 3| 4403. 7| F| 2011| 63086. 1| 51731. 3| 11354. 8| F| Segment 2= Others YEAR| SALE| STANDARD| SALES VARIANCE| DECISION| 2008| 1731. 7| 1717. 375| 14. 325| F| 2009| 1634. 5| 1717. 375| -82. 875| A| 2010| 1774| 1717. 375| 56. 625| A| 2011| 1729. 3| 1717. 375| 11. 925| A| TOTAL SALES VARIANCE YEAR| TOTAL SALES| STANDARD| COST VARIANCE | DECISION| 2008| 40,946. 70| 62,655. 72| -21,709. 02| A| 2009| 50,418. 70| 62655. 72| -12,237. 02| A| 2010| 57,937. 0| 62655. 72| -4,718. 52| A| 2011| 72,582. 90| 62655. 72| 9,927. 18| F| 2012| 91,393. 10| 62655. 72| 28,737. 38| F| INTERPRETATION Sales variance is higher in the year 2012 which means that company sold more than standard sales in the year 2012. And the 2011 also have the favorable value but it is lower than 2012. From 2008 to 2010 company cannot sold more than standard sales. That is an unfavorab le situation for the company. MARKET SHARE The percentage of an industry or market’s total sales that is earned by a particular company over a specified time period is known as market share. Market share is calculated by taking the company’s sales over the period and dividing it by the total sales of the industry over the same period. This metric is used to give a general idea of the size of a company to its market and its competitors. Market share Year| Total sales| Industrial sales| Market share | 2008| 40,946. 70| 348047| 11. 76| 2009| 50,418. 70| 393266| 12. 82| 2010| 57,937. 20| 260717| 22. 22| 2011| 72,582. 90| 834703| 8. 70| 2012| 91,393. 10| 868,234. 00| 10. 53| Interpretation: Company has highest market share in the year 2010. It is decreased in the subsequent years may be because of increased price of the products. WORKING CAPITAL TURN OVER RATIO A measurement comparing the depletion of working capital  to the generation of sales over a given period called as working capital turn over ration. This  provides some useful information  as to how effectively a company is using  its working capital to generate sales. WORKING CAPITAL TURN OVER RATIO YEAR| TOTAL SALES| CURRENT ASSETS| CURRENT LIABILITIES| WC| WCTOR| 2008| 40,946. 70| 8,686. 30| 8018. 6| 667. 70| 61. 32| 2009| 50,418. 70| 10,403. 70| 7811. 4| 2,592. 30| 19. 45| 2010| 57,937. 20| 11,981. 00| 10588. 7| 1,392. 30| 41. 61| 2011| 72,582. 90| 15,475. 70| 11952. | 3,522. 90| 20. 60| 2012| 91,393. 10| 19,927. 70| 16008. 9| 3,918. 80| 23. 32| Interpretation: Here working capital ratio is higher in the year 2008. This means that company may have adequate working capital for their operation in 2008. Working capital to ratio is very lower in the subsequent years (i. e. 2009 to 2012), it shows that company is struggled with inadequacy of wor king capital in that years. INVENTORY TURN OVER RATIO Inventory Turnover Ratio is one of the efficiency ratios and measures the number of times, on average, the inventory is sold and replaced during the fiscal year. Inventory Turnover Ratio formula is: year| Total sales| opening stock| closing stock| Avg stock| ITOR| 2008| 40,946. 70| 40,946. 70 | 42,954. 70 | 41,950. 70 | 97. 61| 2009| 50,418. 70| 50,418. 70 | 52,427. 70 | 51,423. 20 | 98. 05| 2010| 57,937. 20| 57,937. 20 | 59,947. 20 | 58,942. 20 | 98. 29| 2011| 72,582. 90| 72,582. 90 | 74,593. 90 | 73,588. 40 | 98. 63| INTERPRETATION A low inventory turnover ratio is a signal of inefficiency, since inventory usually has a rate of return of zero. It also implies either poor sales or excess inventory. A low turnover rate can indicate poor liquidity, possible overstocking, and obsolescence, but it may also reflect a planned inventory buildup in the case of material shortages or in anticipation of rapidly rising prices. In our case the 2008 has the lower turnover rate. A high inventory turnover ratio implies either strong sales or ineffective buying (the company buys too often in small quantities, therefore the buying price is higher). A high inventory turnover ratio can indicate better liquidity, but it can also indicate a shortage or inadequate inventory levels, which may lead to a loss in business. Here the years from 2009 to 2011 there is constant turnover rate. RETURN ON INVESTMENT A performance measure used to evaluate the efficiency of an  investment or to compare the efficiency of a number of different investments. The objective of every firm is to earn a satisfactory return on capital invested. This is the measure of success i. e. it shows the overall profitability of the firm. ROI = PAT/ cap. Employed YEAR| PBIT| CAPILAT EMPLOYED| ROI| 2008| 5925. | 9,285. 00| 63. 81583199| 2009| 6075. 9| 10,944. 70| 55. 51454128| 2010| 10526. 9| 15,572. 20| 67. 60059593| 2011| 11636. 7| 19,753. 20| 58. 91045501| 2012| 14,086. 30| 24,877. 80| 56. 62196818| INTERPRETATION The above table and chart implies us, The ROI is higher in the year 2008. The Company gets 63. 82% as return on investment. This may because; in this y ear company sold more than the standard sales. So return on investment is increased. Company received lowest ROI in the year 2009 CONCLUSION: The Asian paints ltd is having an indifferent performance levels, they have both positive and negative performance indicators. The sales variance is for the last two years is favorable for the company, and also all other indicators such as cost variance favorable for the firm. Another thing is that market share of the company shows a decreasing trend due to decrease in sales. The inventory and working capital of the company is also not good. So it is important for the company to focus on to improve sales volume with higher turnover, better maintenance of working capital. And to try to get more return on investment by adopt necessary measure and techniques. Analysis of Divisional Performance of Asian Paints Ltd PURUSHOTHAMAN ASSOCIATE PROFESSOR M. COM (BUSINESS FINANCE) DEPT. OF COMMERCE 2nd YEAR PONDICHERRY UNIVERSITY REG. NUMBER: 11351059 INTRODUCTION DIVISIONAL PERFOMANCE OF COST CENTRE AND PROFIT CENTRE A profit centre is a unit of a company that generates revenue in excess of its expenses. The main aim of profit centre is to earn profit. The performance of profit centre is evaluated in terms of whether the centre has been achieved its budgeted profit A  cost centre  is a business unit that is only responsible for the  costs  that it incurs. The manager of a cost centre is not responsible for  revenue  generation or asset usage. The performance of a cost centre is usually evaluated through the comparison of  budgeted  to actual costs. The costs incurred by a cost centre may be aggregated into a  cost pool  and allocated to other business units. Investment centre is responsible for both profit and investment. The investment centre manager has control over revenue, expenses and the amount invested in the current assets. The following are the techniques used to measure the divisional performance of cost centre and profit centre * Variance analysis * Profit * Return on investment * Market share COST PER UNIT: Cost refers to the total cost incurred for the production. So cost per unit refers to the cost incurred for producing 1 unit. Normally we used the below formula to calculate the cost per unit Cost/unit = total cost / No. of unit produced COST PER UNIT year| Production| Total expenses| COST PER UNIT| 008| 40946. 7| 559586| 0. 073173203| 2009| 50418. 7| 602922| 0. 083623918| 2010| 57937. 2| 732142| 0. 079133829| 2011| 72582. 9| 849056| 0. 085486587| Interpretation: The above table and chart shows the cost per unit of Asian paints India ltd. They incurred highest cost per unit in the year 2011. This may because increasing the cost of raw material or other charges etc. It is better to have lower cost per unit because when cost per unit increases the total cost will increase. That in turn reduces the profitability of a firm. In the 2008 the firms have lower cost per unit of production compared to other years. So may be this year the profit is increased. The cost per unit is higher in the years 2011 and 2009. COST VARIANCE Cost variance (CV) is the amount of money that was actually spent on a project or a part of a project compared to the amount of work that was actually accomplished. Cost variance = Budgeted cost of work performed – The actual cost of work performed. YEAR| TOTAL COST| STANDARD| COST VARIANCE | DECISION| 2008| 40946. 7| 61276. 54| -20329. 84| A| 2009| 50418. 7| 61276. 54| -10857. 84| A| 2010| 57937. 2| 61276. 54| -3339. 34| A| 2011| 72582. 9| 61276. 54| 11306. 6| F| 2012| 84,497. 20| 61276. 54| 23220. 66| F| Interpretation: Here from 2008 to 2010 there is a favorable situation because in these years actual cost is less than standard cost. In 2011 and 2012 actual cost exceeds standard cost. That may be because of increase in the cost/unit in these years. SALES VARIANCE Sales variance is the difference between actual sales and budget sales. It is used to measure the p erformance of a sales function, and/or analyze business results to better understand market conditions. Sales variance = Actual sales – standard sales Segment 1= Paint YEAR| SALE| STANDARD| SALES VARIANCE| DECISION| 2008| 39062. 2| 51731. 3| -12669. 1| A| 2009| 48641. 9| 51731. 3| -3089. 4| A| 2010| 56135| 51731. 3| 4403. 7| F| 2011| 63086. 1| 51731. 3| 11354. 8| F| Segment 2= Others YEAR| SALE| STANDARD| SALES VARIANCE| DECISION| 2008| 1731. 7| 1717. 375| 14. 325| F| 2009| 1634. 5| 1717. 375| -82. 875| A| 2010| 1774| 1717. 375| 56. 625| A| 2011| 1729. 3| 1717. 375| 11. 925| A| TOTAL SALES VARIANCE YEAR| TOTAL SALES| STANDARD| COST VARIANCE | DECISION| 2008| 40,946. 70| 62,655. 72| -21,709. 02| A| 2009| 50,418. 70| 62655. 72| -12,237. 02| A| 2010| 57,937. 0| 62655. 72| -4,718. 52| A| 2011| 72,582. 90| 62655. 72| 9,927. 18| F| 2012| 91,393. 10| 62655. 72| 28,737. 38| F| INTERPRETATION Sales variance is higher in the year 2012 which means that company sold more than standard sales in the year 2012. And the 2011 also have the favorable value but it is lower than 2012. From 2008 to 2010 company cannot sold more than standard sales. That is an unfavorab le situation for the company. MARKET SHARE The percentage of an industry or market’s total sales that is earned by a particular company over a specified time period is known as market share. Market share is calculated by taking the company’s sales over the period and dividing it by the total sales of the industry over the same period. This metric is used to give a general idea of the size of a company to its market and its competitors. Market share Year| Total sales| Industrial sales| Market share | 2008| 40,946. 70| 348047| 11. 76| 2009| 50,418. 70| 393266| 12. 82| 2010| 57,937. 20| 260717| 22. 22| 2011| 72,582. 90| 834703| 8. 70| 2012| 91,393. 10| 868,234. 00| 10. 53| Interpretation: Company has highest market share in the year 2010. It is decreased in the subsequent years may be because of increased price of the products. WORKING CAPITAL TURN OVER RATIO A measurement comparing the depletion of working capital  to the generation of sales over a given period called as working capital turn over ration. This  provides some useful information  as to how effectively a company is using  its working capital to generate sales. WORKING CAPITAL TURN OVER RATIO YEAR| TOTAL SALES| CURRENT ASSETS| CURRENT LIABILITIES| WC| WCTOR| 2008| 40,946. 70| 8,686. 30| 8018. 6| 667. 70| 61. 32| 2009| 50,418. 70| 10,403. 70| 7811. 4| 2,592. 30| 19. 45| 2010| 57,937. 20| 11,981. 00| 10588. 7| 1,392. 30| 41. 61| 2011| 72,582. 90| 15,475. 70| 11952. | 3,522. 90| 20. 60| 2012| 91,393. 10| 19,927. 70| 16008. 9| 3,918. 80| 23. 32| Interpretation: Here working capital ratio is higher in the year 2008. This means that company may have adequate working capital for their operation in 2008. Working capital to ratio is very lower in the subsequent years (i. e. 2009 to 2012), it shows that company is struggled with inadequacy of wor king capital in that years. INVENTORY TURN OVER RATIO Inventory Turnover Ratio is one of the efficiency ratios and measures the number of times, on average, the inventory is sold and replaced during the fiscal year. Inventory Turnover Ratio formula is: year| Total sales| opening stock| closing stock| Avg stock| ITOR| 2008| 40,946. 70| 40,946. 70 | 42,954. 70 | 41,950. 70 | 97. 61| 2009| 50,418. 70| 50,418. 70 | 52,427. 70 | 51,423. 20 | 98. 05| 2010| 57,937. 20| 57,937. 20 | 59,947. 20 | 58,942. 20 | 98. 29| 2011| 72,582. 90| 72,582. 90 | 74,593. 90 | 73,588. 40 | 98. 63| INTERPRETATION A low inventory turnover ratio is a signal of inefficiency, since inventory usually has a rate of return of zero. It also implies either poor sales or excess inventory. A low turnover rate can indicate poor liquidity, possible overstocking, and obsolescence, but it may also reflect a planned inventory buildup in the case of material shortages or in anticipation of rapidly rising prices. In our case the 2008 has the lower turnover rate. A high inventory turnover ratio implies either strong sales or ineffective buying (the company buys too often in small quantities, therefore the buying price is higher). A high inventory turnover ratio can indicate better liquidity, but it can also indicate a shortage or inadequate inventory levels, which may lead to a loss in business. Here the years from 2009 to 2011 there is constant turnover rate. RETURN ON INVESTMENT A performance measure used to evaluate the efficiency of an  investment or to compare the efficiency of a number of different investments. The objective of every firm is to earn a satisfactory return on capital invested. This is the measure of success i. e. it shows the overall profitability of the firm. ROI = PAT/ cap. Employed YEAR| PBIT| CAPILAT EMPLOYED| ROI| 2008| 5925. | 9,285. 00| 63. 81583199| 2009| 6075. 9| 10,944. 70| 55. 51454128| 2010| 10526. 9| 15,572. 20| 67. 60059593| 2011| 11636. 7| 19,753. 20| 58. 91045501| 2012| 14,086. 30| 24,877. 80| 56. 62196818| INTERPRETATION The above table and chart implies us, The ROI is higher in the year 2008. The Company gets 63. 82% as return on investment. This may because; in this y ear company sold more than the standard sales. So return on investment is increased. Company received lowest ROI in the year 2009 CONCLUSION: The Asian paints ltd is having an indifferent performance levels, they have both positive and negative performance indicators. The sales variance is for the last two years is favorable for the company, and also all other indicators such as cost variance favorable for the firm. Another thing is that market share of the company shows a decreasing trend due to decrease in sales. The inventory and working capital of the company is also not good. So it is important for the company to focus on to improve sales volume with higher turnover, better maintenance of working capital. And to try to get more return on investment by adopt necessary measure and techniques.

Planning (Local Development Framework) Essay Example | Topics and Well Written Essays - 750 words

Planning (Local Development Framework) - Essay Example Local Development Framework (LDF)- This is essentially a folder of documents outlining the spatial planning development strategy of a local area. These are prepared by the district councils, unitary authorities and local park authorities. LDF and RSS together shall shape the development planning system in a community. One key aspect of the new system is the role of local community involvement in the plan making process. The Local Development Framework (LDF) will include several Development Plan Documents (DPDs) and a number of Supplementary Planning Documents (SPDs). The Development Plan Documents, along with the Mayor of London's London Plan, Development Plan and will be the basis upon which all planning decisions are made. The main DPDs in LDF are as follows: Statement of Community Involvement (SCI) - this document sets out how and when the communities and local stakeholders will participate in the revision of local planning documents as well as consideration of planning applications. The most important benefit of SCI would be "front loading" which basically means that communities get the opportunity to participate in planning process and make a difference at the very beginning of each document development. Ready access to information, active contribution from the stakeholders and regular feedback make it vibrant. Essentially SCI addresses the following : Local Development SIssues on which the community involvement is being sought-The entire range of local development documents on which community shall be involved. Methodology of community involvement- The process of receiving and spreading of information, policy and plan development procedures and feedback process. Who to involve- To ensure that even those groups who do not get involved in planning process are involved so that the participation is truly broad based. Annual Monitoring Report- Assessment report of the progress and effectiveness of an LDF submitted to the government by a local planning authority. It will include critical analysis of the following: Achievement of objectives as per the policies especially delivery of sustainable development. Consequences of the policies as intended or not. Relevance of objectives and assumptions behind the policies. Achievement of targets as set out in LDF Range of local and standard (Core output) indicators. Recommendation on adjustment to local development scheme if needed. Local Development Scheme- This is the scheme of the local development documents (LDDs) which will be produced giving their time and order of production. It is the threshold for the community and local stakeholders to know: about the planning polices of the authority for a particular place or an issue. status of those policies details and timetable for production of all the documents which comprise Local Development Framework over a three year time period. Other optional documents may include Supplementary Planning Documents (which explain the LDDs or add details to them) and Local Development Orders (which extend permitted rights for a particular form of development) or Simplified Development Zones (Areas where growth needs to be stimulated by granting waiver of planning fees or the need for a formal application) It was found that the existing documents were too detailed and complicated for the general public to understand. These actually hampered public participation rather than encourage it. In order to address these issues and to educate & inform general

An analysis of macroeconomic and industry conditions of woolworths Essay

An analysis of macroeconomic and industry conditions of woolworths - Essay Example ASX reveals the details of Woolworths and Wesfarmers in the competitive market. It is a financial market exchange that offers services such as listings clearing, settlement, and trading across a wide range of asset classes. Woolworths is a retail chain store that deals with food merchandise. On the other hand, Wesfarmers is a company that deals with retail operations covering food merchandise, supermarkets, specialty department stores, liquor and fuel outlets, office and home supplies etc (Mankiw, 2003). A set of factors largely influence how companies, for instance Woolworths and Wesfarmers, will operate. These factors determine whether or not a particular company will meet its mission as well as realise its vision. The Australia-New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) is a pact that combines Australia and New Zealand. Woolworths strives to meet the needs of its large market of customers in both countries. This is made simpler due to the fact that political stability is experienced in both countries. Political stability is a crucial factor in development. Economic factors are quite advantageous to Woolworths considering that Australia and New Zealand show economic stability. Based on gross domestic product, Australia and New Zealand are ranked 10th and 30th respectively the by International Monetary Fund (Mankiw, 2003). Customers are loyal to companies that meet their individual desires. These desires include preference for organic products over inorganic ones. These socio-cultural factors influence the companies’ strategies as they also desire to fully tap into the market. The purchasing power of the customers is good due to the economic stability that fuels the high standard of living. In addition, legal and regulatory factors such as policies favour the retail industry in Australia. It is these factors that make Woolworths a huge beneficiary. However,

Overture to “William Tell” by Gioachino Rossini Essay Example for Free

Overture to â€Å"William Tell† by Gioachino Rossini Essay 1. Date: 2-3-13 2. Place: Pope Joy Hall 3. Name of ensemble(s) performing: Albuquerque Youth Symphony included string ensembles of the Violin, Viola, Cello, String Bass, and. The Woodwinds Ensemble included the Flute-Piccolo, Oboe, Clarinet, Bassoon; Brass Ensemble included the French horn, Trumpet, Trombone, and the Tuba. As well as the Percussion ensemble. As well as a Keyboard ensemble the Harp 3. Describe the concert venue and where you sat (i.e.: balcony): I took my twelve-year-old stepdaughter with me and we stood out side for about five minutes waiting in line to purchase tickets. Upon entering Pope Joy Hall, we were greeted by an information booth that was filled with flyers and pamphlets and programs to all different venues of art, from orchestras to plays. Lindsey asked me wide eyed; do all these things mean that this is what is showing or playing here? I looked at her and smiled and replied, yes this is Pope Joy Hall, UNM Center for the Arts and they have a variety of things going on all the time. We grabbed some information on what we would like to come and see and headed to the first theater on the left. We walked up to the entrance doors to the theater and were greeted by two very friendly greeters, who handed us our programs. Then, we entered the double doors and were greeted by an eager usher who politely guided us through hand and arm gestures to go down the left isle. Therefore, Lindsey and I sat together in the lower level on the left side middle end row seats. Once seated, I realized that this theater is set up like a small sized concert hall that would typically be set up for an indoor classical music venue. It was very nice and cozy every one was dressed casual to semi-formal and Lindsey was in awe, she had never experienced anything like this before. 4. Were there any spoken remarks about the concert? Yes? No?: Yes If yes, describe generally, what was said: They started with announcements by that first welcomed everyone to the Albuquerque Youth Symphony, and to state that they are audio and video recording the event and we can if we haven’t already signed up for a copy, we can still do so out side the double doors during intermission or after the concert. Then they went over the program pointing out the fundraiser and the new solar panels that are going to be installed in the near future. Thirdly, they made an announcement about a very special Concertos’ Cellist Kayla Mathes, and announced that she was chosen to be a part of the National Youth Orchestra, in New York this summer and touring to Moscow and London with the group. Lastly, they went over the sponsors and then introduced the symphony. 5. Which genres of music were performed? i.e.: symphony, concerto etc.: The Albuquerque Youth Symphony performed an Overture to â€Å"William Tell† by Gioachino Rossini (1792-1868), Triumphal March from â€Å"Aida† by Guiseppe Verdi (1813-1901), Prelude and Liebestod from â€Å"Tristan and Isolde† by Richard Wagner (1813-1883) as well as the Concerto for Violoncello and orchestra in E minor by Edward Elgar (1857-1934). 6. Were any of the works programmatic (music with literary or pictorial? Associations)? Yes No: Yes. If yes, which compositions were programmatic? : Overture to â€Å"William Tell† by Gioachino Rossini a beautifully written piece of music especially of considerable size and complexity. As well as, the Concerto for Violoncello and orchestra in E minor by Edward Elgar, which was filled with raw emotion. 7. Choose two complete works from the program and fill in the blanks: Composition #1: Name of Composer: Gioachino Rossini (1792-1868) Composition Title: Overture to â€Å"William Tell† Movements/ Tempo markings, if through-written, just leave blank: I. III. II. IV. Historical Era of Work: Rossinis’ Overture to â€Å"William Tell† is a mixture of baroque from (1600-1750) classical from (1750-1820) and romantic from (1820-1900). Choose from: Medieval pre-1450, Renaissance – 1450-1600, Baroque 1600-1750, Classical 1750 – 1820, Romantic 1820 – 1900, 20th Century 1901 – 2000, 21st Century 2001 Present Name any solo voice or featured instruments: None Composition #2: Name of Composer: Edward Elgar (1857-1934). Composition Title: Concerto for Violoncello and orchestra in E minor. Movements/ Tempo markings, if through-written, just leave blank: I. III. II. IV. Allegro Historical Era of Work (see description above): Romantic from 1820-1900 and 20th Century from 1901-2000. Name any featured (solo) instruments or vocalists: Kala Mathes solo Cellist. In the space below legibly write a brief narrative summarizing the two pieces listed above. If you prefer, you may attach a typed summary to this page. Choose among these items to discuss: Describe mode, meter, tempo, dynamics, texture. Was the music more consonant or dissonant? Did it have frequent accents, syncopation or modulation? Did the melodies move more in conjunct or disjunct motion? Was there a voice or instrument timbre that affected you emotionally? Rossini’s overture starts with a dawdling introduction and spry melodies invariably leads to an immense crescendo passage, in which Rossini replicates a motif several times, adding instruments and volume with each repetition. Then out of the stillness, a single cello rises sorrowfully from a low E along an arpeggiated cord through an E-minor chord to a high B, 2 ½ octaves higher, while the other cellos lend their harmony in E-minor. Slowly the first cello leads us toward a brighter atmosphere of E-major. Then adds a few pizzicato beats to lend influence and a fragile yet graceful rhythmic emphasis. While adding an overlap of a new, whirling motif by the violas and second violins, as they ask the question and it is answered with three detached chords from the piccolo, flute and oboes. As the tempo hastens the storm begins. I can hear and see the fickleness of falling rain in my mind and through syncopating the raindrops, it drops off the driving beat of the pizzicato double basses. I can feel the harmony as it darkens, mystifying, drawing me back to the ever so moody E-minor. With a monumental arrival of gestures from the violins and woodwinds, the storm unleashes its wrath over rolling the timpani’s, pounding bass drum and a fortissimo piece from the brass chords. Then the descending motif asks in a desolate torrent, that is answered by an equally and majestically ascending motif of the double basses, bassoons and trombones. The climax of cymbals cascading among the whirlwind motif of the flute, piccolo and violins leads into a beautiful breath taking G-major. This then overlaps with the trumpets blaring in E-major with the joining of horns and drums that hold on to a resonant B-major chord that resounded into a galloping anapestic rhythm. This unleashes the contrasting middle section in C-sharp minor that is dominated by a presto line for the strings and woodwinds. Then we find ourselves back to a galloping anapestic measure in E-major that again builds the excitement into the release of the finale. When the hair on my arms were raised, eyes were tear filled, knowing the story behind the music, the life of two brothers who never knew each other, met only once. As one bows down to the other in realization that the other is worthy of praise, honor and recognition, then honors him with an inspiring piece that succeeds to top the ending in triumph. Edward Elgars’ Concerto for Violoncello and orchestra in E minor was alive as it unfolded as an enthusiastically structured, requiem-like a constant outpouring of deep undiluted emotions. The opening of this piece begins with a characteristic of decently and nobly designing the score, is a flourish for the soloist Kala Mathes, and recurs throughout the concerto. The unmistakable main melody-at once was reflective, inspirational, beautiful, and transcendent emerged almost immediately with the violas, before Kala began to play the Cello. Throughout the piece of the movement the theme winds its way through various keys, A, C, G and E minor, while the secondary thematic notes emerge from the clarinets. Then Kalas’ opening flourished as it transformed into a pizzicato passage that appeared in staccato semiquavers. Then in the key of b flat, the Adagio seemed to make time stand still as the beautiful melodious musical lines sang its music of undeniable heartbreak. The symphony at this point was reduced to strings, clarinets, bassoons, and horns as Kala weaved in and out of the symphony fabric in an ever so eloquent song without words, this is where I had goose bumps all over, tears rolling down my face, the power and emotions were overwhelming, for even Lindsey was even crying. The finale nestled back into E minor and had a rondo-like feel to its main theme that echoed the opening. However, nothing could hide the fact that the core of the concerto as a whole is a disposition of acceptance, forbearance and finality. The Albuquerque Youth Symphony played with such passion; it was as if each person and their instrument were one moving in perfect harmony, rhyme, rhythm, body, mind, and spirit. One fluid entity or deity that entranced anyone within ear shot. It was beauty and serenity that was tremendously unbelievable.

racism and prejudice Essay -- essays research papers

Racism and prejudice has been present in almost every civilization and society throughout history. Even though the world has progressed greatly in the last couple of decades, both socially and technologically, racism, hatred and prejudice still exists today, deeply embedded in old-fashioned, narrow-minded traditions and values. Racism is a case of ‘misplaced hate’ and ignorance, being not only discriminatory, but also seemingly foolish with disregard of all human commonsense. Why does racism still exist in today’s world? If it still occurs, has the world really progressed at all? Through extensive research methods and wide reading, it can be proven that racism is still present in the modern world. Racism is based on the belief that one’s culture is superior to that of others, and this racial superiority provides justification for discrimination. Racism begins with categorising by race, and therefore stereotyping particular cultures. A simple definition of prejudice given by St Thomas Aquinas states prejudice as â€Å"thinking ill of others without sufficient cause† (1. pg 21). Racism is a major issue in today’s society, affecting a large number of the world’s population and causing political and social turmoil. To evaluate the true meaning, effects and views concerning racism in today’s world, a number of literature sources were researched including novel, films, short stories, poetry, song lyrics, textbooks and magazine articles. â€Å"Black Like Me† written by John Howard Griffin is an excellently written novel, based on factual events experienced by the author himself. It is based in the 1950s, a time when racism was widespread throughout America. The basic outline of the story is the following of one man (Griffin) as he embarks on a journey that takes him to the ‘other side’. Griffin is a middle-aged white man, and decides to personally experience the life of a Negro. He achieves this by literally changing the pigmentation in his skin so that he is no longer white. Griffin moves to the deep southern states of America where he is subject to harsh racist treatment by the whites. By doing so, he experiences first hand the reality of racism and prejudice, almost to the point of disbelief. The story focuses on the lives of Negroes: restricted, brutal and harsh. â€Å"My skin was dark. That was sufficient reason for them to deny me those rights and freedoms without whi... ...wn comes under siege as racism rages within the community. The Klu Klux Klan is also featured in the film, a group that symbolizes hate. The eerie looking hoods in the film are a reminder of America’s dark past, and of current racist groups still present in society. Many of the characters in the film are stuck in old values and teachings, misplacing their hate towards the coloured. The film â€Å"Mississippi Burning† supports the hypothesis as it deals with society still living in the past and acting narrow-mindedly towards its fellow human beings. Within all of the texts mentioned, the theme of racism is present, just like in most of today’s societies. All of the researched sources deal with the effects of racism, the foolishness of it and the fact that it still exists in today’s modern and so-called advanced world. No matter how much social attitudes evolve, prejudice, hatred and racism will still exist within aspects of society, whether it be in the heart, in the mind or in the souls of those too ignorant to realize the damaging consequences. While technologically today’s world has advanced, if society cannot overcome issues such as racism and prejudice, it has not evolved at all.

Principles of assessment in lifelong learning Essay

1.1Explain the types of assessment used in lifelong learning. (150 words approx.) Initial/diagnostic assessment can be taken before learner’s enrollment for a course. This is a way of finding out whether the prospective course is suitable for a student and meets the learner’s needs or not. Formative assessment can be taken during the programme or a course. Teachers use assessments in their teaching sessions to make judgement about their learners. Summative assessment is used to outline or work out the level of achievement. Summative assessment is used for a final judgement about the learning achievements. Formal assessment is used where there is a need to assess learners under controlled conditions. Informal assessment is used as an ongoing check on understanding without control conditions. This is an aid for a teacher to monitor progress. Independent assessment applies to courses where the learners are assessed by someone other than their teacher. Peer assessment is us ed where other learners are at the same level of skill and knowledge and can play a vital role in judging a learner’s achievement level. 1.2 Explain the use of methods of assessment in lifelong learning. (150 words approx.) Different methods can be used for assessment in the lifelong learning. Short answers: is a good way of keeping student activities in their learnings. Multiple –choice: is a task in which learner has to select the correct answer from a number of alternative options. Observation: Observation is used i this programme for assessment of micro-teach/ teaching practice delivery. It can be used in any situation where practical skills are being assessed. Project work: involves a piece of written work in which learners take responsibility. Essays: This is a substantial piece of written work as well. It asks learners to show understanding of the subject. Exams: can be taken either by written tests or completion of a practical task under controlled conditions. Oral and aural: These assessment test speaking and listening skills. In this assessment, learners are required to listen to something and respond . Electronic assessment: refers to the use of information technology for any assessment-related activity.

Justification for an Internal Control System

Over the past years many organizations have fallen because of inadequate financial reporting and ineffective controls. To overcome this dilemma, the creation of the Sarbanes Oxley Act (SOX) of 2002 requires corporations to take full control over its financial reporting and accounting by placing internal controls within its organization. Internal controls not only establish the foundation of reasonable assurance for meeting company objectives but also provide functions in achieving other objectives. These objectives are operational effectiveness and efficiency, relevant and reliable financial data, and verify law and regulation compliance. As a controller of this company one believes that internal controls are important for these areas to be successful. Although this business uses the insurance and portfolio approaches as controls to manage the association of risks with activities, one believes an internal control system would be more beneficial for this company. Current Approaches Insurance Approach Insurance is not as large as it can be for a company because it is a way of looking at the risk along with knowing that an acceptance of loss is present for a company. Companies basically carry insurance policies to prevent and cover large liabilities from natural disasters or accidents. Under this approach management is stating an acceptance of a loss is present for a company when insuring the company, assets, or its employees. For a company using this approach protection is the only gain in knowing the company has insurance to make a claim to replace or receive monies for the loss (McCarthy & Flynn, 2004, p. 75). However, the insurance approach is more of a tool for risk financing than a tool for risk management. This is because this approach is reactive in mitigating the impact of a loss rather than preventive in protecting the company from a loss. This approach can be beneficial for the company if a company can find affordable insurance with deductibles the company feels comfortable with. This is because the company would only be responsible for paying the deductible and the insurance company would pay the rest in the event of a catastrophic disaster. Portfolio Approach Unlike, the insurance approach the portfolio approach has more structure and complexity. This is because during the process of decision-making it gives more procedures and processes in making a decision (Thomas, 2002, para. 23). The main idea behind this approach is to maximize investments of a company while minimizing the risks of the company. Even though this approach organizes to an extent the decision-making process it does not provide protection assurance for the investment against risk. The portfolio approach is beneficial for a company when the company wants to measure the type of risk it wants to take on along with the likelihood of making a positive return on that risk. Internal Control System To an organization a vital component to risk management procedures is a reliable internal control system. This system helps regulate, reduce lost, and minimize risks along with accomplishing the organizational goals and success of a company (McCarthy & Flynn, 2004, p. 249). Benefits of an Internal Control System Generally the insurance approach is necessary for a company to overcome the risk of a loss. The portfolio approach is an effective approach but is more reactive than preventive. Even though a business may have insurance and portfolio approaches in place these approaches are not efficient and cost-effective enough to protect the company from risks like an internal control system can. Internal control systems are unlike the insurance and portfolio approaches because these systems are proactive tools in risk management. This type of system ensures the protection of company assets through a system of policies and procedures. In addition, this system establishes reliability in financial data along with establishes compliance with laws and regulations set forth from regulations like the SOX Act. These types of systems also help to improve internal and external communication processes within a company. Recommendation As a controller of this company, one recommends that management incorporates an internal control system into the company. This is because this system will be more beneficial to the company in the long-run than the current approaches the company already has in place. One believes an internal control system will help protect the company from uncertainties as well as ensuring the company is operating in proper accordance with its mission and goals. Justification for an Internal Control System The internal control system has been used since the company was in need of the system and until this day it has been working to its fullest potential. Internal control plays an important key in making sure that the accounting information, financial data, meeting the targets, and ensuring that the management policies are getting followed. There are two elements in making an internal control system successful. These elements are portfolio approaches and insurance. Even though they both help the internal controls, they are somewhat different.Portfolio approach is used in different ways, this helps make investments decisions easier. It also balances the risk against the routine of the company. When discussing portfolio management it is known that there are two types of management: active and passive. Active management can be only one manager or a team but regardless if it one or more. They all have the same idea in mind, which is to get a better market return and they do this by constant ly checking the funds portfolio. A passive management just checks the market index; it does not necessarily say that the passive management is less capable of doing its job.â€Å"Every company's risk management â€Å"solution† will be unique because the exposures and risk appetites all differ. The key is to have a reasonable under-standing of how each treatment option works, alone, and in combination with others, so that decisions are informed and results are less influenced by luck than by reason (McCarthy, Flynn, & Brownstein, 2004). The appetite for risk will always depend on the management team. We will need to understand every risk and think of the options before continuing. A great return is always good but a big loss will hurt more.Insurance is another element that was put in place with the internal controls. Insurance will protect the company in case of an error occurs. There can always be risks in a company, but it is the way we handle them, what is important. When they add insurance it is for a peace of mind, a company wants to be cover in case something did happen. Weather risks can happen anytime and any day. It can be challenging thinking best option for the business. Due to the fact that no one can know what will happen tomorrow but is it better to be protected. As the controller some of the aspects to look into is what do we need.There hasn’t been a tornado in this area for more than 50 years, the question to think is, and do we need tornado insurance? The company was built once but if a risk strikes, it would be really hard to restart the company without developing a financial plan. The company will continue to grow every day, and we need to keep that in mind with the insurance. When the insurance was first put in place, the management team covers everything they thought was needed. However, we may not need certain things that are currently been covered by the insurance. That is why it is very important to do a six month or even a year checkup on the insurance plan.As the controller of the company there are tasks to be completed such as compliance, reporting, budgets, analyzing, and goals. The internal controls help the company and especially the controller achieve all these tasks and stay up-to-date with them. Having internal controls can prevent any losses due to fraud and minimize the loss in assets. It also helps with everyday business activities and what to do in a situation in which a risk is encounter. For the previous reasons that were discuss the company’s success will be much better off having the internal controls with a combination of insurance and portfolio approaches.

The 17 Largest College Football Stadiums in America

The 17 Largest College Football Stadiums in America SAT / ACT Prep Online Guides and Tips Attending home football games can be a huge part of the college experience. Camping out for tickets, tailgating for hours on game day, and cheering their teams on to victory in packed stadiums are cherished memories for countless college alumni. While you shouldn’t choose your college solely for its football team or stadium, if you think you would enjoy the atmosphere of big-time college sports, then it’s reasonable for the athletics environment at a school to play a role in your college decision. In this article, I’ll provide you with a list of the 17 largest college football stadiums in the country. To give you some perspective on the size of these stadiums, the largest NFL stadium, Met Life Stadium, would only be number 16 on this list. These are not only the largest college football stadiums, but they're also the largest stadiums in the country. The List of the Largest College Football Stadiums in the United States #1: Michigan Stadium- University of Michigan Wolverines (107,601) Facts Third largest stadium in the world behind Rungnado May Day Stadium in North Korea and Salt Lake Stadium in India Nicknamed "The Big House" The first game was played there on October 1, 1927 between Michigan and Ohio Wesleyan #2: Beaver Stadium- Penn State University Nittany Lions (106,572) Facts Built in 1960 in a horseshoe configuration seating 46,284 Lights were added in 1984 The stadium is named for James A. Beaver, a brigadier general for the Union Army in the Civil War who served as governor of Pennsylvania and president of the University's Board of Trustees #3: Kyle Field- Texas AM University Aggies (102,512) Facts In 2015, the capacity was increased from 82,600 Known as the "Home of the 12th Man" Largest stadium in the SEC #4: Ohio Stadium- The Ohio State University Buckeyes (104,944) Facts Built in 1922 for $1.3 million Refurbished in 2001 for slightly more than $194 million Known as "The Horseshoe" for its horseshoe configuration #5: Neyland Stadium- University of Tennessee Volunteers (102,455) Facts Named for General Robert Neyland, Tennessee football head coach from 1926-1952 Opened in 1921 as Shields-Watkins Field More than 25 million people have attended football games at Neyland Stadium #6: Tiger Stadium- Louisiana State University Tigers (102,321) Facts The first game played at Tiger Stadium was in 1924 against Tulane The first night game was played in 1931 against Spring Hill Since the NCAA began compiling attendance records in 1957, LSU has averaged 77,647 spectators for its games in Tiger Stadium #7: Bryant-Denny Stadium- University of Alabama Crimson Tide (101, 821) Facts Denny Stadium opened in 1929 with a 55-0 victory over Mississippi College The stadium was renamed Bryant-Denny Stadium in 1976 in honor of Coach Paul Bryant Alabama has won more than 80% of its games in Bryant-Denny Stadium #8: Darrell K Royal-Texas Memorial Stadium- University of Texas-Austin Longhorns (100,119) Facts The original stadium was completed in 1924 and dedicated to the Texans who lost their lives in World War I In 1977, the stadium was rededicated to the memories of all alumni who had fought in all American wars The stadium was officially named after football coach Darrell K. Royal in 1996 #9: Los Angeles Memorial Coliseum- University of Southern California Trojans (93,067) Facts The Coliseum is jointly owned by the State of California, Los Angeles County, and the City of Los Angeles The Coliseum has hosted two Olympic games, in 1932 and 1984 The Los Angeles Dodgers of Major League Baseball played at the Coliseum from 1958-1962 #10: Sanford Stadium- University of Georgia Bulldogs (92,746) Facts Named for Dr. SV Sanford, former president of the university It was opened in 1929 It hosted the medal round of the 1996 Olympic men's and women's soccer competition #11: Rose Bowl- UCLA Bruins (92,542) Facts The Rose Bowl has hosted five Super Bowls It was built in 1922, but it wasn't home to UCLA's football games until 1982 Site of the New Year's Tournament of Roses Football Game #12: Memorial Stadium- University of Nebraska-Lincoln Cornhuskers (92,000) Facts Every home football game has sold out since 1962 Statues of former Nebraska coach Tom Osborne and former Nebraska quarterback Brook Berringer can be found outside the north side of the stadium When full, Memorial Stadium holds more people than any Nebraska city other than Omaha and Lincoln #13: Ben Hill Griffin Stadium- University of Florida Gators (88,548) Facts More commonly known as "The Swamp" "The Swamp" was coined by former coach Steve Spurrier in the 1990's The stadium was originally constructed in 1930 #14: Jordan-Hare Stadium- Auburn University Tigers (87,451) Facts The stadium is named for Ralph "Shug" Jordan, Auburn's all-time winningest football coach, and Clifford Leroy Hare, a member of Auburn's first football team and president of the Southern Conference The turf is known as Pat Dye Field, named after former coach Pat Dye In 1939, the first game was played there to a 7-7 tie against the University of Florida #15: Doak Campbell Stadium- Florida State University Seminoles (82,300) Facts In 2004, the turf was named Bobby Bowden Field after legendary coach Bobby Bowden Doak Campbell Stadium opened on October 7,1950 when Florida State defeated Randolph-Macon 40-7. It's named after Doak S. Campbell, president of the university at the time of its construction #16: Gaylord Family Oklahoma Memorial Stadium- University of Oklahoma Sooners (82,112) Facts The stadium opened October 20,1923 against Washington University (Missouri) Also known as "The Palace on the Prairie" During the Great Depression and Dust Bowl, the stadium served as a dorm for young men attending the university #17: Memorial Stadium- Clemson University Tigers (81,500) Facts More commonly known as "Death Valley" Stadium opened on September 19, 1942 with a 32-13 victory over Presbyterian College Much of the construction of the stadium was done by scholarship athletes What's Next? Whether the athletics environment of the school is a factor in your college decision or not, I highly recommend that you review this article on how to choose a college. If you subscribe to the philosophy that "bigger is better," check out this post on the biggest colleges in America. If you prefer to have smaller classes and be part of a close-knit community, learn about the best small colleges. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Michigan state university Personal Statement Example | Topics and Well Written Essays - 500 words

Michigan state university - Personal Statement Example Having been very much interested in contributing to the financial improvement in a business organization, I will continue to major in accounting. My passion in this field can be attributed to my exposure in our family business. More than any functional area, I believe that finance should never be overlooked because one of the major goals of ever company is profit maximization and creation of shareholder wealth. Through acquiring knowledge and skills in accounting, I know that I will be adept not just in reporting financial transaction but also in analyzing financial information and prescribing strategies. Having two uncles who both excelled in Michigan University, I am also determined to finish my degree in this respectable institution. Noting how MSU molds well-rounded individuals who do not only stand-out academically but displays a strong sense of moral and social excellence, I seek to be a part of MSU with the belief that it will provide me with the best venue for growth and development. For me, there is nothing more important for a person but be the best that he can ever be because it is his utmost gift for himself and the society which nurtures him. I know that transferring to a new university in a foreign land will be a challenge for me.

Mischeif and miscarriage in the criminal justice process Assignment

Mischeif and miscarriage in the criminal justice process - Assignment Example 397). Nevertheless, the advancement in the legal practice and in the administration of public affairs makes it possible to have criminals released from confinement allowed the freedom to participate in their social and economic lives without much deterrence. Such a process is sustainable on the basis that such persons are given corrective services while in their homes or with the society (Cohen 2002; p. 41)1. Prisons have served as a useful institution of isolation of criminals. It is however useful to have criminals effectively observed because they are in a different state of social cognition characterized by many altered feelings about social order, governance and public life. Prisons have ceased to deliver their corrective capacity as a result of the challenges in the economy today and therefore better methods should be gradually tested and ratified that will ensure more of the criminals are free in the society and are engaged into more meaningful work. Supervision in the community will offer the best option for correction due to the fact that there are technologies to monitor or aid the monitoring of criminals and that may assist in their correction. The community approach will also create an environment for the other civilian to be familiar with the restrictions that are attached to criminal activity and hence facilitate psychological adjustment and abhorrence for crime. The condition that crime must be established beyond and reasonable doubt in a litigation process is a very high bar to attain in many litigation processes. Due to these high standards, it is meaningful that the program is obtained that will manage the loopholes for which many criminal have evaded justice through the criminal justice system (Ramsey, Latessa, & Travis 2003; p. 3). Suffice it to mention therefore, governments should seek to collaborate widely with many institutions in the process of administering justice. In the United States, the Megan’s law was