A Career Process Preparing For Career Success - 765 Words

Preparing for Career Success Taxation is which the government finance the expenditures by setting charges on the corporate entities and individuals, it’s usually used to encourage an economic decision and to fund different public expenditures. Moreover, it finances the public goods and services such as, streets cleaning and lighting. Because of that the UAE is planning to start collecting a value added tax at 5% in the beginning of 2018. Which can be a strong tool to help achieving the goals of the social progress and the economic development. Individual Taxation Personal income tax is a direct tax paid from the personal income for an individual or a person. Person could be an individual or an ordinary partnership which is liable to†¦show more content†¦There are many types of business taxes, employment tax, value added tax, corporates franchise tax. In case of having employee the federal tax requires an employment tax including social security and medicare tax. Insurance and petroleum extraction companies will always pay an additional tax. Businesses tax against the profits earned by a given taxable period. Business can receive a tax deduction for qualify charitable contributions. Challenges This course was very helpful specially for the coming changes that will occur in the few coming months. Although we faced some challenges during the course. Starting will the tax rates schedule, when I use the schedule I need to focus and be so accurate when using the number because a single mistake could change the whole calculation. The tax calculations are new to us so this could take time until we get used to it. Secondly, as taxpayer should be smart and try to pay the least taxes which means understanding the law in depth and having information on their liabilities and obligations. Moreover, I face a challenge in differentiating between a tax credit and a tax deduction, both of the two can save your money but in totally different ways. Experience The first challenge faced is the group formation, some of the students want a group of 4 while others want a group of 6 which made us losing some of the time in such a thing. After that we organized the work to complete theShow MoreRelatedProviding Quality Career Development And Leadership Programs1524 Words   |  7 PagesProviding Quality Career Development within Youth Development and Leadership Programs Introduction â€Å"What do you want to do for a living?† This is a question dreaded by many young people. The question assumes that youth have had opportunities that are to make an informed decision about their future. As a youth service professional or someone volunteering his or her time with youth, you might be wondering how you can support youth to think about their futures, and provide them with concrete informationRead MoreImportance of the Decision Making Concept:879 Words   |  4 Pageslife and work because of its strong link to success and effectiveness. Actually, successful people achieve their goals in life and work through effective and efficient decision making. The decision making process is usually guided by an individual’s beliefs, values, and attitudes as well concepts. While a person can use various concepts in making decisions, they should be very careful to select a concept that is effective and contributes to huge success. Nonetheless, these concepts exist to helpRead MoreThe Relationship Between CTE And General Education1673 Words   |  7 Pagesthat aligned metrics assess a range of student knowledge and abilities that predict readiness for success in both coll ege and careers. CTE courses often combine classroom-based instruction with work-based learning, internships, or apprenticeships. These approaches provide students with the opportunity to work with local employers, learning directly from those who have already established their careers. Exposure to the workplace allows students to learn employability skills, see how academic contentRead MoreEssay On Digital Assistant944 Words   |  4 Pagesschedule to them each semester. On the student side, it is assumed that this recommended schedule is moving them toward graduation while preparing them for career success. However, given that upper level classes in the CS/IT department at Clayton State University aren’t always offered every semester, students can risk delaying graduation and not being fully career ready, by not doing enough of their own research into the classes they need. Being able to verify the researched class requirements againstRead MoreHow Should FGCS Belong To The FGS Group?1324 Wo rds   |  6 Pages(2015) suggested that FGCS must overcome deficits in cultural capital which affects how they feel about where they come from and may negatively impact their success. Moschetti Hudley (2015) discovered that the majority of existing research claimed FGCS concern extended to financial assistance, family issues, and barriers to their success rather than what made them successful. Moschetti Hudley (2015) pointed out that FGCS reported that subsequent behaviors and reliance on their family for emotionalRead MoreBest Practices For Managing An Outstanding Performance Review Process1698 Words   |  7 PagesPerformance review 2% How to manage an effective performance review Best Practices for Managing an Outstanding Performance Review Process The performance review process often gets ignored in today’s agile operating environments where people change jobs quickly and employees often care more about their industry and peer reputations than they do about company rankings. Many companies have replaced the formal performance review with greater managerial input in daily operations, social media and customerRead MoreAn Assessment Of University Of North Texas Career Center902 Words   |  4 PagesAn Assessment of University of North Texas Career Center The Council for the Advancement of Standards in Higher Education (CAS) uses standards and guidelines to promote, develop, and assess the quality of programs and services for student affairs professionals in higher education (Council for the Advancement of Standards in Higher Education, 2015). Founded in 1979, the CAS approach is to ensure excellent educational practices secure in the belief that its standards and guidelines are to be usedRead MoreMatt Grant Case Study1230 Words   |  5 Pagesfaces possible discharge from his corporate career while conceptualizing an innovative business endeavor. Trekking through a handful of failed corporate projects with the company he currently works for, he must decide whether he wants to play it safe and remain a corporate employee or take an opportunistic leap of faith in the business realm. Matt is not alone in his experiences. His wife journeys with him through his trials, and also experiences career setbacks as a result of Matts past f ailuresRead MoreRequest For Analysis Of Ficer820 Words   |  4 Pagesanalysis of the Officer In Charge Review Board Process The process for certification as an Officer in Charge (OIC) in the U.S. Coast Guard is confusing. The certification process is not based on Personal Qualification Standards, or Terminal Performance Objectives. As a result, the OIC Review boards are largely subjective and not standard throughout the service. There is a need to analyze the effectiveness of the Officer In Charge certification process. This analysis should include the identificationRead MoreCollege Is Not For College1486 Words   |  6 PagesIntroducing students to college in middle school will improve college access. One benefit of early college exposure is that students and parents will receive more information on financial aid and scholarships. For someone who is not familiar with the process to get to college, locating and applying for scholarships and financial aid can be confusing. Early exposure eliminates confusion by making this information available sooner to give students and parents more time to sort through it. The article â€Å"Facilitating

Essay on Truth, Belief and The Holy Bible - 1090 Words

Truth, Belief and the Bible Order, pattern, method, harmony, and purpose - these are the qualities on which we, humankind, have come to base our existence.nbsp; We strive to find meaning in all that we do, say, read, write, and live.nbsp; A story is not just a story; it is a lesson.nbsp; A thought is not merely a thought, but a revelation.nbsp; Hardship is not simply misfortune, but an act of God. Truth is considered the result of a divine arrangement - one that is complex and intricate, and finally revealed to us through a glorious realization.nbsp; We believe there is a logic behind everything.nbsp; The key is unlocking or discovering the pattern that masks this logic.nbsp; All truths must have a pattern.nbsp; The Bible,†¦show more content†¦Truth, or the promise of truth, is what persuades us to believe.nbsp; If our notion of truth is correct; that is, that it is logical and ordered, we must find the pattern within these texts in order to arrive at Scriptural truth.nbsp; To find this truth, we must examine the words closely.nbsp; Instead of superimposing a meaning on the biblical text, we, the objective interpreters, should seek to discover the authors intended meaning, which is arguably the only true meaning.nbsp; One must recognize that what a passage means is fixed by the author and is not subject to alteration by us, the readers.nbsp; It may be meaning is deter mined by the author; it is merely discovered by the readers.nbsp; We must draw out the meaning of the text and not superimpose a meaning onto the text. To force meaning of order upon the Bible would be to skew the meaning of the biblical text, so thatShow MoreRelatedCompare And Contrast Christianity And Islam1031 Words   |  5 Pagesbetween the beliefs of the religions as well as practices in worship. The historic origin of the two religions was much easier especially that of Christianity which begun as a Jewish sect in the Mediterranean and Islam in the 7th century. The differences between the two are the holy books the Quran and the Bible; and the originality of the Holy Bible as compared of that of the holy Quran as well as its interpretation by the Christians. The Quran and the Bible are considered as the two holy books writtenRead MoreDiscussion Questions On Galileo s Letter981 Words   |  4 Pagesitself is opposed to his beliefs, but that certain misguided theologians and academics were using the power of the Church to oppose him. 2. Do you think he was trying to bring the church in line with science or science in line with church? a. The church in line with science. 3. What are his attitudes toward those who he feels are using the bible to support arguments against him? a. Galileo feels that they are â€Å"Showing greater fondness for their own opinions than for the truth†¦Ã¢â‚¬  (30). He feels theyRead MoreTranscendentalist1105 Words   |  5 PagesTranscendentalism and Christianity Have Incompatible Beliefs Transcendentalism is â€Å"a group of new ideas in literature, religion, culture, and philosophy that emerged in the early to middle 19th century† (Wikipedia). Transcendentalism first started with Ralph Waldo Emerson, one of the pioneers of the Transcendentalists, who in his essay â€Å"Nature†, criticized several things, especially the Unitarian church (Wikipedia). Many other Transcendentalists such as Thomas Parker, Henry David Thoreau, Amos BronsonRead MoreGalileo on religion and science Essay1657 Words   |  7 Pagesit is a truth universally acknowledged. Galileo attempted to make the two compatible by suggesting that the truth can only be sought out if the notion under consideration can be accurately tested and if the opposing view can be founded as false. Galileo’s goes into depth about the truth of scripture and the sciences, intertwined with the reason of man, in his letter to Christina of Lorraine, Grand Duchess of Tuscany. Early on in the letter Galil eo, infers from St Augustine that the Holy Ghost didRead MoreAnalysis of Galileos Letter Essay766 Words   |  4 PagesChristina criticized the heliocentric theory that was created by Copernicus. This theory was created, in attempt, to bring different perspective on pre-existing theories involving the universe. Copernicus wanted people to become interested in finding truths and new discoveries regarding science. Galileo wrote the letter firing back at such criticism. In his Letter to Grand Duchess Christiana, Galileo made an attempt to explain his discoveries and defended that they do not discredit the Church or religionRead MoreThe Prayer Of The Holy Land902 Words   |  4 Pagesare the Holy Place, the Holy Law, and the Holy Temple. Jews believes that they get blessings from God because they possess these three things. His sermon is the longest sermon on the NT. No one has preached such sermon before him. That means he is learned in God’s words. Let’s us see what he learns about the three Holy things that Jews possess. A/ the Holy Place (7:2-36) In Acts 7:2-36 Stephen mentions 3 ancestors, Abraham, Jacob, and Moses, who got blessings before they get the Holy PlaceRead MoreMy Life Experience At Holy Trinity Church Of Murree Essay945 Words   |  4 Pagesministry of the Word at Holy Trinity Church of Murree in Pakistan, I had a clear understanding of the saving grace provided by the suffering, death and resurrection of our Lord Jesus Christ. I embraced that grace in my youth and began a lifelong spiritual journey. I was baptized as an infant but was confirmed as a teen ager which helped me reflect on my sinful nature and the pardoning and loving nature of God. My spiritual journey has been formed by a lifetime of Bible study and accountable smallRead MoreWorldview As A Person s Perception Of Life And Perspective Of The World1615 Words   |  7 Pagesperson sees is how they base their beliefs and choices (2013). A worldview is also described as a reflection of a person’s heart (Gutierrez Weider, 2013). A world view does not always remain the same, as a person changes then their worldview may also change. For example, a person may have a certain worldview based on them being a Buddhist, but if that person becomes a Christian, then their worldview would change and be influenced by the Bible and God’s truth. Words (146) Part II The first twoRead MoreAre Mormons Christians? Essay example1191 Words   |  5 PagesMormons are not Christians. However, Mormons are Christian based on their church’s name, scriptures, and teachings. According to Merriam Webster Dictionary, a Christian is somebody who believes in the teachings of Jesus Christ. As spoken of in The Holy Bible, Christ was born 2000 years ago of a virgin mother. In his ministry, he taught that he was the foretold Messiah of the Old Testament. While on the earth, he performed the Atonement, enabling all people to overcome their sins. For his teachings,Read MoreChristianity Is A Religion Based On The Person And God1479 Words   |  6 PagesChristianity it has given people hope and more importantly something to believe in. Faith is a huge part of any Religion because that is when you put your complete trust or confidence in someone or something. For Christians our faith is put into the Bible, believing in and worshipping a supreme being, God, and a superhuman, Jesus Christ. The importance to Christianity and to anyone’s growth in Christian life can be seen through believing in someone whether human or divine, God as three persons in one

Breaking Down the Walls of Delinquency - 1685 Words

Obviously something is going on in today’s society if more and more children are committing delinquent crimes. Sometimes a researcher has to get to what he or she thinks is the root of the problem to figure out what spawns a certain issue. What provokes a child to become delinquent and what makes the child gravitate so easily towards this lifestyle? It is necessary to explore how family life influences juvenile delinquency. Juveniles are more likely to become juvenile delinquents if there is little structure provided for them in their families. Children who are rejected by their parents, who grow up in homes with considerable conflict, or who are inadequately supervised are at the greatest risk of becoming delinquent. Literature†¦show more content†¦Ã¢â‚¬ ¢ The prevalence of childhood abuse or neglect among delinquent and criminal populations is substantially greater than that in the general population. †¢ Delinquent youths with a history of abuse or neglect are at higher risk of continuing their delinquent behavior than delinquents without such a history. †¢ 14.4% of all men in prison in the United States were abused as children and 36.7% of all women in prison were abused as children †¢ Nearly 2/3’s of the people in treatment for drug abuse reported being abused as children †¢ Children who experience child abuse neglect are 59% more likely to be arrested as a juvenile, 28% more likely to be arrested as an adult, and 30% more likely to commit violent crime. Parental rejection may affect the ways in which children regard both themselves and others. Parents who fail to provide consistent guidance deprive their children of opportunities to gain approval by choosing to behave in accordance with parental rules. If parents treat their offspring with disdain, the offspring are likely to regard themselves as unworthy of care and may come to believe that the way they are treated is how they should treat others. When children misbehave, parents are the first line of control. How they discipline can influence not only immediate behavior, but also their future influence on the childs values. Several longitudinalShow MoreRelatedCommunication Technology In Fahrenheit 451, By Ray Bradbury1293 Words   |  6 Pagesis to burn any literature in the novel, Fahrenheit 451, by Ray Bradbury. Books are seen in a negative way because it makes people from Bradbury’s society question and think. The literature in this novel is replaced with a television called a parlor wall and other advanced technological commodities. These commodities allow people to lack communication skills because of how much interest they pay to their technology rather than spending time with their friends or family. They also tend to miss whatRead MoreJuvenile Delinquency Is Committing Criminal Acts Or Offenses By A Young Person1693 Words   |  7 Pages Juvenile delinquency is committing criminal acts or offenses by a young person, generally involving people under the age of eighteen. John Singletons, Boyz n the Hood follows the lives of Tre Styles and Doughboy, two are African-American teenagers growing up in Los Angeles where these children are constantly exposed to violence. At the beginning of the film, Tre is seen with a group of his friends talking about the shooting that occurred in the neighborhood that previous night and they even wentRead MoreCountrywide Financial : A Large Diversified Financial Service Provider1018 Words   |  5 Pagestook many shortcuts and abused the United States lending acts to earn profits. The mortgage firm’s operating earnings were growing rapidly, and they were breaking records for their financial performance. The financial success came as a result of making many overly risky mortgages. The key strategy was the use of subprime mortgages and no down payment loans. These loans were risk y because they had a high probability of defaults, foreclosures, but the risks were hidden behind a curtain of increasinglyRead MoreA Report On The Housing Market1659 Words   |  7 Pagesinvestors turned to the housing market. Interest rates were relatively low. (Whitney, 2007) New loan options such as adjustable rate mortgages (ARMs), interest-only loans with the principal payment due at a later date (â€Å"balloon payments†), and zero-down loans gained prominence. Banks lowered their borrowing standards and offered subprime loans, and then sold these loans with undeserved AAA bond ratings to unsuspecting foreign and other investors. Adding to this momentum was the encouragement ofRead MoreRational Choice Theory And Juvenile Delinquency2372 Words   |  10 Pages In my opinion on a theory that out of all the theories we have learned, the rational choice theory is a good theory to juvenile delinquency. â€Å"Rational choice theory and its assumptions about human behav ior have been integrated into several criminological theories and criminal justice interventions. Rational choice theory originated during the late 18th century with the work of Cesare Beccaria. Since then, the theory has been expanded upon and extended to include other perspectives, such as deterrenceRead MoreThere Are No Children Here By Alex Kotlowitz Essay1909 Words   |  8 Pagesmiddle school aged boy discovering his identity, Pharoah, an elementary school aged boy with high ambition and goals, and their resilient mother LaJoe. Matza’s Techniques of Neutralization discuss how people can create rationalizations to justify delinquencies and crimes. Specifically applicable to There Are No Children Here is the theory of Denial of Responsibility which occurs when the perpetrator of an offense claims the situation was out of their control, they did not know the law, they were a victimRead MoreYouth Crime1946 Words   |  8 PagesSociological theories of youth crime This essay will discuss the understanding of the sociological and psychological factors of youth crime. It will be agreeing and disagreeing in the above statement Youth crime is also known as juvenile delinquency, juvenile delinquency refers to criminal acts performed by juveniles. Most legal systems prescribe specific procedures for dealing with juveniles, such as juvenile detention centres. There are a multitude of different theories on the cause of crime, most ifRead MoreWill The Gang Community Provide That Level Of Control For Their Members?1784 Words   |  8 Pagesbe the main theme for these theories. Other subject: The potential extremes of the blue bond: I remember this case, so I will state what I stated then. This is not a surprise to some of us who have experience how that blue bond or blue wall works. It is a solid wall that many will die before they sell a fellow officer out , simplify, â€Å"the officers have a strong adherence to a code of secrecy, commitment to camaraderie, and resistance to external intrusion† (â€Å"The Police Culture†, n.d., p.119). TheRead MoreThe Saints and the Roughnecks - Chambliss6754 Words   |  28 Pageslight of my observations during the same two years of another gang of Hanibal High School students, six lower-class white boys known as the Roughnecks. The Roughnecks were constantly in trouble with police and community even though their rate of delinquency was about equal with that of the Saints. What was the cause of this disparity? The result? The following consideration of the activities, social class and community perception s of both gangs may provide some answers. THE SAINTS FROM MONDAYRead MoreEssay on U.S. Criminal Justice System1850 Words   |  8 Pagescriminals that the society consider too dangerous to let loose. The Sweden is a leader in correctional reform because their government tried to balance out the racial and class inequality in crimes. The day fines replaced the prisons and were scaled down to match the income an offender had ( Doleschal, p. 54). The aggressive offenses were focused on corporate, environmental, tax fraud, and other white collar crimes instead. This sounds like a fairy tale to the prisoners in America. Not only

Use of Technology in the Classroom Potentials and...

Use of Technology in the Classroom: Potentials and Pitfalls In the last decade, increasingly powerful technologies have begun to make their way into classrooms across the nation. Many classrooms are now equipped with personal computers that run educational software to help teach students facts and concepts in a more engaging way than a traditional lecture. Advances in telecommunications technologies have led to almost universal access to the Internet, allowing students and teachers to communicate with people from around the world and gain access to a wealth of educational materials. New ways of obtaining and presenting information have given students powerful new methods for understanding the world around them. However, while use of†¦show more content†¦In another study, one group of ninth-grade students studied the Civil War by developing hypermedia presentations; a second group covered the same material using traditional approaches. The group with the hypermedia experience recalled more Civil War facts had a more realistic understanding of the role of the historian (Carver et al.). However, without proper teacher training, schools that seek to implement technology and computers in the classroom are wasting their money. SPAN style=FONT-SIZE: 12ptMany Millions of dollars are spent each year on computers and other educational technologies that go unused because the teachers are not knowledgeable enough or confident enough in their technology skills to use them. Many teachers want to learn to use educational technology effectively, but they lack the time, access, and support necessary to do so. To implement a successful educational technology program, schools must invest in a well-planned professional development program that provides ongoing training for teachers, including a formal evaluation procedure; a one-day workshop is certainly insufficient (Carlson). Thus, while the use of technology in the classroom can be highly beneficial, it is important to Show MoreRelatedAmong The List Of Things For Managers To Consider When1300 Words   |  6 Pageseffective cohesion amongst the group. As part of the globalized workplace, many companies may find it challenging to connect employees and branches across the globe. In response, many companies are now turning to the substantial advancements in technology that provide them with new communication tools needed to rapidly send information between long-distance workers. In today’s business world, the implementation of virtual work teams has become an exciting, practical, and increasingly-accepted approachRead MoreShould a Computer Grade Your Essays?1499 Words   |  6 PagesCase Study 11: Should a Computer Grade Your Essays? The case study discusses the April 2013 launch of Harvard/MIT’s joint venture MOOC (massively open online course) essay scoring program, utilizing AI (artificial intelligence) technology to grade educational essays and short answers, with immediate feedback and ability to revise, resubmit, and improve grades. In 2012, a group of colleagues, Les Perleman, Mark Shermis, and Ben Hamner, introduced over 16,000, K7-12 standardized school tests toRead MorePros and Cons of Social Media1064 Words   |  4 Pagesthey dont realize it and if even they realize it they dont want to quit  Facebook  and even if they want to quit, they cant. Our observance concluded that majority of the users are highly addicted† the researchers stated (Farooqi). This excessive use of Facebook not only effects their education but also affects their ability to interact in the real world causing their social skills to slowly decrease. Facebook addiction is the new term invented by psychiatrists as its addiction will damage the sleepingRead MoreGraduation Speech : Mathematics, Technology, Engineering And Mathematics1406 Words   |  6 Pagesthat adults use to pay bills, manage their budgets, tax preparations, as well as other things is significant. Using real-life situations would capture a students’ atte ntion since it is aligned with their interests. Depending on the grade level, students start to question the relevance of a subject to their future. I love the gratitude and appreciation students show when they succeed in math. As a person who grew up in NYC, I can provide guidance both in, and outside of the classroom. I am familiarRead MoreImplementing Electronic Charts For Patients1398 Words   |  6 Pagescontinues to evolve every day (McGonigle Mastrian, 2012). For example, we use computers for charting, accessing patient medical records, and for medication administration. The goal of the increasing technology in nursing is to ultimately improve the health of populations and communication between all involved in the care of patients. Technology is constantly changing in nursing and we have to change with it. Technology can have a potentially positive effect on the way we provide care to our patientsRead MoreOnline Learning and the Adult Learner Essay1715 Words   |  7 Pagescompared to today’s developments. For many people born in the 1980’s or earlier, it is astounding to see what children and young adults are capable of today. The gadgets and gizmos available now would only be dreams then. Technology, and the ever growing availability of mobile technology, has moved us light years ahead from the days of learning solely by experience, hardbound books and in brick-and-mortar learning establishments. However, there seems to be a growing gap between the knowledge necessaryRead MoreA Critical Review On Online Teaching And Learning1887 Words   |  8 Pagesreview of the issues and trends in online Teaching and Learning in Higher Education Name: Nasida Khan Student ID Number: S12771105 Course: BSc Information and Communication Technology Birmingham City University Introduction Higher education is going through massive transformation, embracing the digital era and advancement in technology has made online teaching and learning far more accessible than ever before, the emergence of portable devices such as laptop, tablets and smart-phones have made accessRead MoreEssay about Negative Effects of Social Networking1506 Words   |  7 PagesSimply put, social networking is â€Å"in.† As a result, the failure to address the issue becoming so prominent in today’s generation of children, teenagers, and young adults, leads to an abundance of negative effects. Everyone’s internet use varies. One might need to use the Internet extensively for work, or keeping in touch with friends and family. But spending time online quickly becomes a setback when it absorbs too much of one’s attention, causing neglect of relationships, work, school, or other crucialRead MoreComputer Assisted Learning1845 Words   |  7 Pagesï » ¿Computer Assisted Learning Abstract Computer assisted learning (CAL), once a novel concept, is a staple in numerous classrooms across the country, from the primary education to the university level. Computer assisted learning offers both students and teachers a daunting and near-limitless education supplement. However, this paper will examine examples where computer assisted learning is more or less effective and why. It will be revealed that computer assisted learning programs that are mostRead MoreNegative Effects Of Social Media On Youth1535 Words   |  7 Pagesteenagers and preteens have gained new opportunities to socialize within their local community and the global community. Social media has allowed people to create an online reputation and find their own identity. Another benefit for young users is the use of social media to enhance and enrich their learning and overall experience in school. Social media has recently become a tool for civic and community engagement. Grassroots movements have gained more movement than ever thanks in part to social media

Darlings Chocolate free essay sample

Why do you think colonel Darling chose sole trader as a form of business organization and when and why might his company have become a partnership. Joshua Darling was a retired army colonel, who returned after the army to Liverpool, where he was born, opened a chocolate factory and set up his own business as a sole trader in July 1933. Why colonel Darling chose a sole proprietorship as a form of business organization? First of all, a sole proprietorship was suitable for his nature as he could be his own boss, lead and motivate people, make independent decisions and be entirely responsible for all aspects of the management of his business. Secondly, after returning from the army to Liverpool, he didn’t have any person to trust in and to help. Thirdly, a sole proprietorship can be set up with little or no money in the business and there are no legal formalities to establish the company. We will write a custom essay sample on Darlings Chocolate or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Besides, sole proprietor is not subject to public report and the books reflecting the results of his business were private and competitors wouldn’t use it to their advantages. The colonel’s decision to open the factory came at a time of high unemployment and economic slowdown in Liverpool. Darling used it to his advantages. There was no difficulty in hiring suitable workers, so he could economize paying low wages. Also there was no difficulty for Darling to entry the market. Sales figure showed that his chocolate was the country’s number one choice and almost half the company’s production of the brand was exported. Why was Darling so successful with his chocolate business? The chocolates were of the highest quality and contained only the finest ingredients. And the reason why Darling decided to start a chocolate factory is that he was unsatisfied with the quality of it. That is why, when his wife came out with the idea to establish a chocolate factory he took this opportunity. In 1940 Darling changed the form of his business and entered partnership with his son-in-law who had been in the family for 6 years by that moment and was a person to trust in. Besides, he could invest money into the company and contribute new skills and add a new dimension to the business. Besides, a partnership has many advantages. Firstly, it is easier to multiply sources of capital. Also partnerships often receive favored treatment by the government as well as tax benefits. Secondly, each partner can specialize in each aspect of the business or share the work. To sum up, I can say that in the time of Britain’s largest economic stagnation, colonel Darling managed to set up his own, a profit making business and become successful. When and why might Darlings’ have become LTD, when did it go public, what were the reasons for it? By the time of middle 50-s Darlings’ had become a highly profitable company. Everyone in Britain knew the smiling face of Colonel Darling which was on every box. Sales figures showed that they were the country’s number one choice. Darlings’ chocolates were more popular than those of other manufacturer because of their quality and prices. That is why almost half â€Å"The Colonel’s Choice† was exported. The company managed to entry international markets, selling products to customers oversees as far as Australia and South America. As the market was becoming more competitive, Darling started to seek ways to expand and increase the company’s profitability and in 1956 decided to become the private limited company. It was suitable for Darling as it is usually family business owned by members of the family or close friends. Other advantages were that, first of all, there are no continuity problems. Darling was becoming older and he wanted to be sure that after his death business would be continued by members of his family. Secondly, it was beneficial for Darling to raise extra capital as there is no limit on the number of shareholders. Thirdly, the shareholders’ liability is limited to the nominal value of the shares held. In this way, by buying shares, a large number of people could contribute funds to the company without risking all their personal possession. Besides, control of the business cannot be lost to outsiders and shares can be transferred only with the consent of other members of the company. In 1963 Colonel Joshua Darling died and his daughter inherited the Colonel’s majority shareholding and controlling interest. That time the cost of sugar and cocoa rose significantly, the company’s sales started to drop. That is why in 1963 Mrs Windbourne decided to go public. First of all, it is easier to raise capital. Secondly, production costs may be lower as firms may gain economies scale. Thirdly, in case of liquidation of a company, each shareholder only losses the nominal value of his shares, so the property of the owners is immune. Besides, financial institutions are more willing to lend to plcs.

System Integrity and Validation free essay sample

Kudler Fine Food is a specialty food store that caters their service to a variety of special clients. Providing great service has been a calling card for Kudler Fine Food. Since their first store was open back in 1998, they have enjoyed great success. This has also allowed them to open a few more locations. Having the ability to have a strong accounting information system and great business structure in place was vital to the growth and development of Kudler Find Food. Even though their current system has allowed them to have success, there are improvements that are needed that would allow them to operate effectively. This will lead to a more profitable company. Throughout the process we have developed several recommendations that have been offered to Kudler management staff that would help improve their current systems. Offering the improvement and implementation to Kudler accounts receivable, account payable, inventory system and how payroll is completed is vital to future success. Last week, the team offered suggestions that would improve production, reduce possible threats and increase profits. Along with improving how they process items that have been sold. In addition, the increased accuracy has reduced human error and better consistent communication has all been in relation with the new developed automation systems. Using the flow chart and the ER diagram, we have helped Kudler define their existing database. In addition, using pivot tables has allowed Kudler to move away from using spreadsheet which helped Kudler management make better decisions. When comparing the SAS70 to the SAS94 we learned that the SAS No. 94 was issued to provide guidelines to auditors; SAS No. 94 states that auditing through a computer can only take place â€Å"if the processing programs are soundly developed and incorporate adequate edit routines and programmed checks, then errors and irregularities are not likely to slip by undetected. We reviewed both external and internal risk and as Kudler developed their internal control and monitored them consistency, they were able to safeguard assets, ensure reliability, ensure compliance, and have an efficient and effective operation (Internal Controls (2014). Below, the brief will discuss and display how Kudler Fine Food can benefit from using the advancement in technology such audit software and (CAAT’s) or computer assisted auditing techniques. Introduction To allow themselves to be competitive in the market Kudler Fine Food had to improve and upgrade their system software. With the advancement in technology, more companies have become dependent upon computers to be the foundation of the business. Management must understand that all accounting information from computers must be valid, reliable, and most importantly accurate. The main objective of this brief is to discuss how CAAT can validate data and provide explanations to how it works. Finally, how this software can benefit and be used in Kudler AIS system. Validate Data and System Integrity The computer assist auditing techniques can help Kudler improve the effectiveness of an audit. The CAAT’s allows accountants and auditors to run tests and monitor financial data through automation. When using the software, auditors will see an increase in accuracy and production. The auditors will run tests to check if the data is valid by using test data. Test data is a set of fake tests that the auditors run through the application and compare the results with what he or she expects (Hunton 2004). The objective of the test is to determine if the technique check data validation controls and error detection and arithmetic calculation. The test is also done to verify the integrity of the data. Usually auditors would use a CAAT called extract and analyze where they would take samples of data and test them. But now more auditors are using computers which allows them to test 100% of data. For example, if an auditor was auditing Kudler payroll the auditors can look over the payroll and look for discrepancies that may be discovered. Data query is a CAAT that can detect fraud. A data query is a search to determine if the results fit within the context of evidence of the audits. The test includes tests of controls, substantive testing, and interviews with client personnel, risk assessment performed during audit planning, and the environment in which the business operates. The auditor should consider, for example:  ¦ Does the evidence make sense when other relevant trends are considered?  ¦ Does the evidence support assertions made by management or employees?  ¦ Does the CAAT pertain to an area identified as high risk? Functions of Audit Productivity Software If an auditor uses audit production software, they should notice and increase in effectiveness and productivity. Automation of data can save an auditor time and effort. Also, the CAAT can mismatch items and regulatory issues. Another advantage an auditor gains are electronic working papers, groupware, time and billing, reference libraries and document management. Electronic paper increases productivity because the auditor no longer is spending time on manually auditing work papers (Hunton 2004). Groupware allows sharing of information across firms and between the auditor and the clients (Hunton 2004). Time and billing software can ease the formerly erroneous process of accounting for chargeable hours and compiling and preparing bills accordingly (Hunton 2004). Reference libraries have two main reasons: to locate company-specific policies and procedures, and to search for authority when researching a particularly thorny problem (Hunton 2004). Document management software that has made online document storage readily available and practical has greatly enhanced the auditor’s productivity (Hunton 2004). Audit Productivity Software Kudler could use audit productivity software to assist with auditing their AR, AP, inventory and payroll. Kudler management should keep and update records of all policies and procedures. Having the ability to access groupware software employees can share information and best practices when preparing for an audit. Kudler could use document management to have online access to documents which should increase productivity. Finally time and billing can save money by automatically updating billing information. Conclusion One of the most important aspects is system integrity and providing valid data. If Kudler uses both productivity software and CAAT, it can be within their reach. For Kudler’s continued success it would be in their best interest to take advantage of these options.