Employment Relations Essay

â€Å"Parliament, over the most recent 100 years or something like that, has a great deal to state about states of work and the connection among managers and their employees† (Deeks and Rasmussen, 2006). There have been numerous modern questions with respect to the discretion framework somewhere in the range of 1894 and 1991 which has impacted changes to New Zealand Employment Relations. One of the numerous modern questions was the waterfront mechanical contest 1951. This contest in New Zealand’s work history is the greatest mechanical question that has impacted changes to Employment Relations enactment. Despite the fact that it was not as brutal as the extraordinary strike of 1913, it kept going longer-151 days, from February fifteenth to July 15, and included more laborers (Scott, 2001). The 1951 question set the legislature and open in opposition to the Watersiders after they chose to work to manage in fight at their employers’ refusal to grant them a 15 percent pay rise (Kay, 2008). At its pinnacle, 22000 waterside laborers (wharfies) and different unionists were off the activity out of the number of inhabitants in just shy of 2,000,000 (Ministry for Culture and Heritage, Today ever, 2007). This exposition will examine the impacts, results and impacts of the 1951 waterfront mechanical debate in this manner how it turned the New Zealand Employment Relations around so as to stay away from questions as such from occurring and furthermore make a superior connection between the businesses and the representatives today. The verifiable occasions with respect to New Zealand business relations are actually very wide spread. Numerous occasions, for example, strikes and lockouts have happened respects to necessary assertion. In 1894 Industrial Conciliation and Arbitration Act (IC ;An Act 1894) was intended to supplant modern activity with assuagement ; discretion. This was executed to bring exchange and questioning sides together to settle mechanical clashes. ‘Unions enrolling under the demonstration adequately got elite sorting out and dealing rights’, (Rasmussen ; Deeks, 2006, pg 52). Associations played significant intrigue bunches during this time. They assisted with elevating representative interests to fulfill work objectives, for example, better wages along these lines they turned into the lawfully perceived voice of the laborers in a specific industry.

MCI Communications Corporation Essay

1-What is the feasible degree of MCI’s outer needs throughout the following quite a while? By what amount might they be able to be required to change? Why? 2-Critique MCI’s past budgetary strtategy, concentrating on the kinds of protections on which it has depended. For what reason did MCI account itself in the way it did? 3-Based upon your investigation of the viewpoint for MCI and the serious and administrative development of the business, suggest a capital structure strategy for MCI and shield your proposition against conceivable occasions. 4-Assume that Mr.English, the MCI CFO, has the accompanying monetary options accessible to him as of April 1983: a)$500 million of 12 1/2 , multi year subjected debentures b)$400 million of regular stock c1)$600 million 7 5/8 multi year convertible subjected debentures with transformation cost of $ 54 for each offer (i.e., $1,000 bond would be changed over into 18.52 conmmon shares) c2) $1 billion of a unit bundle comprising of a $1000 7 Â ½, multi year subjected debenture and 18.18 warrants, each qualifying the holder for buy one portion of MCI regular stock for 55$. The warrants would be exercisable until 1988 and are callable. The exercisei cost of the warrants would be payable either in real money or by give up of the debentures esteemed at their chief sum. Which if any of these choices would you suggest that Mr.English take? Why? In wide layout, what financing steps would you suggest he take overâ the next quite a while?

Ideology ; Discourse Free Essays

Belief system, what is that? There are hundred answers and none of them is correct or wrong. The vast majority of belief system definitions are not perfect with one another, yet I have discovered one that I like the most: Anâ ideologyâ is a set ofâ ideasâ that establish one’s goals,â expectations, andâ actions. A philosophy is a far reaching vision, a perspective on as in severalâ philosophicalâ tendencies, or a lot of thoughts proposed by the prevailing class of a general public to all individuals from this general public. We will compose a custom article test on Belief system ; Discourse or on the other hand any comparable point just for you Request Now Belief systems will be frameworks of conceptual idea applied to open issues and consequently make this idea key to legislative issues. Certainly every political or monetary propensity involves a belief system whether it is propounded as an unequivocal arrangement of thought. 1 So belief system is an arrangement of conceptualized perspectives and ides, communicating the interests of various social classes, gatherings and social orders, to assess connections among individuals and reality, just as approved on a network type of mastery and force (preservationist philosophy) or settle their change (radical, progressive philosophy). It is anything but a science, yet it incorporates logical information on social and politic life, just as surveying it. Genuine case of terrible belief system was Nazi in Germany, when Hitler needed to â€Å"clean† the Aryan race from â€Å"sub-human† †Jews, Gypsies, gay people and impaired individuals who were at the base of racial chain of importance by Nazi investigations. Presently how about we proceed onward talk. What is that? Talk is the term that portrays composed and spokenâ communications; the â€Å"language in the language,† a specific jargon, semantics, pragmatics and linguistic structure, showing itself in real informative acts, addresses and messages. â€Å"Discourse comprises the social. Three elements of the social are recognized †information, social relations, and social personality †and these compare separately to three significant elements of language †¦ Discourse is formed by relations of intensity, and contributed belief systems. † (Fairclough 1992:8). 2 Example: Discourses are believed to influence our perspectives on all things; it is beyond the realm of imagination to expect to evade talk. For instance, two remarkably particular talks can be utilized about variousâ guerrillaâ movements depicting them either as â€Å"freedom fighters† or â€Å"terrorists†. As it were, the picked talk gives the jargon, articulations and maybe likewise theâ styleâ needed to impart. 3 So how philosophy and talk cooperates? As a matter of fact the two of them are inseparably associated with one another, in light of the fact that both are components of human considerations and correspondence. A few people say that philosophy influence talk, other state that talk is utilized as an approach to convey a belief system. 4 It's essential to recall that while investigating media writings, on the grounds that the understanding of the content will rely upon individual who composed it and his feeling regarding the matter and the individual who is understanding it. For instance some political articles in papers in the UK have political arrangements, some help Labors, some help Democrats. So when one of the gatherings needs to compose a public statement or something their ideological talk will be sorted out by a general procedure of positive self-introduction (gloating) and negative other-introduction (criticism). This methodology may work at all levels, for the most part so that our beneficial things are underlined and our awful things de-underscored, and the inverse for the Othersâ€whose awful things will be improved, and whose beneficial things will be relieved, covered up or overlooked. Step by step instructions to refer to Ideology ; Discourse, Papers

Sports Direct Financial Performance Analysis - Free Essay Example

Introduction Sports Direct Plc is a profitable and successful with an immense potential for growth as indicated by the Price Earning ratio of 27.73 times (Appendix 1). The purpose of this essay is to analyse the financial performance of Sports Direct Plc based on the calculation of the profitability, liquidity, efficiency, solvency and investor ratios. Thereafter, the essay will compare the financial performance and position of Sports Direct Plc with that of JD Sports Fashion Plc. Subsequently, the essay will provide a recommendation to the investors regarding the investment in Sports Directs shares. Finally, the essay will conclude by assessing the limitations of the financial analysis carried out based on the accounting ratios. Analysis of the financial performance of Sports Direct Plc and Comparison to a competitor JD Sports Fashion Plc Sports Direct Plcs revenue has grown by 23.8% from GBP 2,706m in 2013 to GBP 2,185.6m in 2014 (Sports Direct Plc, 2014). This success is underpinned by Sports Directs core strategy of expanding their product base (Sports Direct Plc, 2014). Sports Direct has not resorted to price cutting strategies in order to achieve this growth. This is evident by the improvement in its gross margin from 40.94% in 2013 to 42.68% in 2014 (Appendix 1). The product mix of Sports Direct is improving with its premium category products gaining greater acceptance in the market (Sport Direct Plc, 2014). Operating and net margins have witnessed a modest fall because the new stores that have opened to support the growing premium lifestyle divisions are performing slightly below the capacity (Sports Direct Plc, 2014). Sports Direct Plc has significantly outperformed JD Sports Fashion Plc in terms of the overall profitability despite of JD Sports Fashion Plc having a better gross margin (Appendix 1 and App endix 2). The sales channel mix of the two businesses is the key driver of the overall profitability. Although online sales grew for both the businesses, the growth in online sales was higher for Sports Direct Plc compared to JD Sports Fashion Plc contributing to the improved operating profit and net profit margin for Sports Direct Plc. Online sales typically attract lower overheads compared to the retail sales and can significantly contribute to improving profitability of a company (ICAEW, 2012). Current ratio and liquidity ratio are identified as key indicators of liquidity in a business (Robertson, 2007). The current ratio of Sports Direct Plc has fallen from 1.64 in 2013 to 1.06 in 2014 (Appendix 1). The fall in the current ratio for Sports Direct Plc is not reassuring and the absence of cash is worrying. Furthermore, weak quick ratio of 0.35 is indicative of weak liquidity position and could be indicative of inability of Sports Direct Plc to meet its short-term liabilities i n the future. JD Sports Fashion Plc has a better current and quick ratio compared to that of Sports Direct Plc. One of the important factors contributing to a poor liquidity position in Sports Direct Plc is the consumption of cash to facilitate expansion through opening new stores (Sports Direct Plc, 2014). Furthermore, higher inventory turnover days of 133 days for Sports Direct Plc compared to inventory turnover days of 105 for JD Sports Fashion Plc has also contributed to lower liquidity in Sports Direct Plc compared to the liquidity in JD Sports Fashion Plc (Appendix 1 and Appendix 2). The purpose of calculating gearing ratios is to analyse the financing structure of the business (ICAEW, 2012). Gearing ratios reflect the level of risk attached to the company and the sensitivity of earnings and dividends to changes in profitability level (Grewal, 2014). The statements of financial position of the two businesses are significantly affected by their different capital structures. JD Sports Fashion Plc is more geared compared to Sports Direct Plc. Lower gearing compared to competitors for Sports Direct Plc can enhance its ability to raise more debt to fund future expansion. Sports Direct Plc inclination towards leasing assets and reliance on overdraft facilities contributes to its relatively low level of gearing. This may allow Sports Direct plc to have flexibility in operations and reduce its risk. Furthermore, the value of non-current assets in Sports Direct plc accounts is higher than the value of non-current assets in JD Sports Fashion Plc accounts (Sports Direct Plc, 2014: JD Sports Fashion Plc, 2015). This is indicative of its ability to raise capital through debt market to fund the future expansion. The purpose of calculating interest cover ratio is to assess the ability of a company to meet its interest obligations out of profits (Goyal and Goyal, 2012). Although the interest cover ratio for Sports Direct Plc has fallen from 22 times to 13 times an d is lower than the interest cover ratio of JD Sports Fashion Plc, it is still reflective of a healthy interest cover ratio and is indicative of Sport Direct Plcs ability to meet the interest obligations out of its profits. The purpose of calculating efficiency ratios is to analyse the managements effectiveness in running the business efficiently (Grewal, 2007). Efficiency ratios reflect managements ability to reduce the working capital requirement for a given level of activity (ICAEW, 2012a). Receivables collection days of 16 days highlight low level of credit sales, which is consistent with the retail nature of the business and enables Sports Direct Plc to manage its working capital efficiently. The increase in payables payment period from 48 days in 2013 to 56 days in 2014 further contributes to efficient working capital management (Appendix 1). This reflects Sports Direct Plcs ability to negotiate better payment terms with its suppliers. Furthermore, this is also indicative o f efficient management, as the gap of twenty-seven days in the payables payment period between the two companies in the prior year has been narrowed down to a gap of two days. The inventory turnover days are 133 days and 105 days for Sports Direct Plc and JD Sports Fashion Plc respectively (Appendix 1 and Appendix 2). Furthermore, the inventory turnover days has increased by seven days from 2013 for Sports Direct Plc (Appendix 1). This is reflective of increased inventory holding cost for Sports Direct Plc. Rapid innovation of new products contributes to making previous product lines obsolete (ICAEW, 2013). This can impact the future margins because of the net realisable value for these products may drop significantly below its production cost (ICAEW, 2013). Management needs to invest more time in clearing up stock and improving the inventory turnover days because it can contribute to increasing the working capital requirement in the future. The purpose of calculating investor ra tios is to enable investors to assess the level of future returns and growth (ICAEW, 2012). Earning per share reflects the level of profit allocated to each outstanding share. Price earning ratio is one of the most commonly used ratios by the investors and reflect their level of confidence in a business (ICAEW, 2012). Increase in price earning ratio from 17.51 times in 2013 to 24.19 in 2014 reflects investors expectations of significant future earning growth and their willingness to pay a large multiple of historic earnings (Appendix 1). Price earning ratio of Sports Direct Plc is 24.19 times compared to price earning ratio of 14.33 times for JD Sports Fashion Plc. Lower price earning ratio is indicative of lower growth expectations by the investors (ICAEW, 2012). Advice to the investors regarding the purchase of Sports Direct Plc shares Investors principal concern in respect of the investment in the shares of a company is to be able to earn a good rate of return. Sports Direct Plc is fundamentally a profitable business. Furthermore, a price-earning ratio of 24.19 is reflective of the investors faith in the growth potential of the company (Appendix 1). However, the sales growth in the third quarter of 2015 is short of the comparable growth in the third quarter of 2014 (Ficenec, 2015). The slowdown in the growth rate and no dividend offered on the shares may make it an expensive buy in the short term. Furthermore, investment in Sports Direct may be prone to the cyclical risk as the clothing industry is directly linked with the macro economic cycles (ICAEW, 2012a). Nonetheless, slower growth in the current year is impressive given the macro economic environment in the United Kingdoms and Englands early exit from the world cup (Guardian, 2014). Furthermore, the company has invested heavily in the expansion of its prod uct base and its margins have improved despite of competitive environment and challenging macro economic environment (Sports Direct Plc, 2014). This investment in constant innovation has the potential to translate into benefits for the investors in the long term. Favourable capital structure of Sports Direct Plc as highlighted by the gearing ratios calculated in the appendix one also makes it an attractive investment. Based on the considerations above, the essay acknowledges that there are risks associated with the investment in the shares of Sports Direct Plc, nonetheless future returns from the investment is expected to outweigh the risks. Thus, the essay recommends investors to purchase the shares of Sports Direct Plc. Weaknesses of Ratio Analysis Although there are a lot of advantages of ratio analysis, it is not without weaknesses (Goyal and Goyal, 2012). One of the key weaknesses of ratio analysis is that the calculation of the ratios is contingent on the figures contained within the financial statements of a company. Thus, the results of the ratio analysis would be distorted if the underlying numbers in the financial statements are inaccurate (Grewal, 2014). Furthermore, seasonality in a business could limit the usefulness of ratio analysis (ICAEW, 2012). To illustrate this better, consider a toy retailer with a 31 December year-end. Majority of its sales is likely to be made in the last quarter of the year leading up to the Christmas. As a result, the inventory levels at the year-end might be at its lowest point throughout the year. Thus, calculating the relationship between inventory and cost of sales at the year-end to analyse managements efficiency in managing inventory levels would be misleading (ICAEW, 2012). Financial statements of different companies are affected by different estimates and assumptions made by the management (Whittington, 2007). Furthermore, accounting standards also may permit different companies within the same industry to apply different accounting policies (Whittington, 2007). This may impair the comparability of accounting ratios of different companies and limit its usefulness. Ratio analysis is historic in nature, while users of the financial statements are more concerned about the future (Gracia, 2007). It is common for businesses to have both good and bad ratios, which makes it difficult for the users of the financial statements to assess if its a good or a bad company (Grewal, 2014). Lastly, non-existence of ideal level of ratio makes it difficult for user of the financial statements to assess whether a particular trend is good or bad (Grewal, 2014). For example, a company with high current ratio may be interpreted as a good sign, however it could also b e indicative of lack of growth potential for a company as a result of which it is holding large reserves of cash (Grewal, 2014). Conclusion Sports Direct Plc has witnessed a significant growth over the past two years and has been profitable. However, declining profit margins in the past two years should be a key concern for the management of Sports Direct Plc. Nonetheless, despite the fall in the profit margin of Sports Direct Plc, it still outperforms the profit margins of its competitor JD Sports Fashion Plc. The management of Sports Direct Plc should strive to strike a balance between achieving growth and improving the profit margins of the business. Inefficient inventory management should be another key concern for the management of Sports Direct Plc. The inventory turnover period of 133 days seems to be high for a business in the fashion industry and could be indicative of aged obsolete inventory. The management should take immediate steps to clear up old stock to improve the working capital management. Lastly, the essay recommends the investors to purchase the shares of Sports Direct Plc because high PE ra tio, sales growth and expansion into new products are likely to translate into attractive returns for the shareholders in the future. References Ficenec, J., 2015, Questor share tip: Sell Sport Direct as growth slows, Telegraph. https://www.telegraph.co.uk/finance/markets/questor/11424054/Questor-share-tip-Sell-Sport-Direct-as-growth-slows.html Gracia, L., 2007, Introduction to Financial Accounting, Harlow: Pearson. Grewal, T., 2014, Analysis of Financial Statements, New Delhi: Sultan Chand. Goyal, V., and Goyal, R., 2012, Corporate Accounting, 3rd edn. New Delhi: PHI Learning Pvt. Ltd. Guardian, 2014, Who should take the blame for Englands early World Cup exit? https://www.theguardian.com/football/2014/jun/24/blame-england-world-cup-exit ICAEW, 2013, Financial Accounting and Reporting Study Manual, Exeter: Polestar Wheatons. ICAEW, 2012, Financial Reporting Study Manual, 6th edn. Exeter: Polestar Wheatons. ICAEW, 2012a, Financial Accounting Study Manual, 6th edn. Exeter: Polestar Wheatons. JD Sports Fashion Plc, 2015, Share Price. https://www.jdplc.com/investor-relations/share-price.aspx JD Sports Fashion Plc, 2015, 2015 Annual Report. https://www.jdplc.com/investor-relations/reports.aspx Robertson, J., 2007, Financial Ratio Analysis, 3rd edn. Lancaster: John Robertson. Sports Direct, 2015, Share Price Chart. https://www.sportsdirectplc.com/investor-relations/share-information/share-price-chart.aspx Sports Direct Plc, 2014, Annual Report 2014. https://www.sportsdirectplc.com/~/media/Files/S/Sports-Direct/annual-report/Annual%20Report%202014.pdf Whittington, G., 2007, Profitability, Accounting Theory and Methodology, New York: Routledge Appendix 1 Sports Direct Plc S.no. Ratio Year End 27th April 2014 Year End 28th April 2013 1 Gross Profit Margin 42.68% 40.94% 2 Operating Profit Margin 9.21% 9.75% 3 Net Profit Margin 6.64% 6.94% 4 Current Ratio 1.06 1.64 5 Quick Ratio 0.35 0.60 6 Interest Cover Ratio 13.06 times 22.39 times 7 Financial Gearing 8.15% 41.52% 8 Equity Gearing 25.93% 23.89% 9 Earning per share 32.1p 26.9p 10 Price Earning Ratio 24.19 times 17.51 times 11 Receivables Collection 16.6 days 16.1 days 12 Payables Payment Period 56.35 days 48.06 days 13 Inventory Turnover Period 133.07 days 126.39 days (Source: Sports Direct Plc, 2014) Note: The formulas used to calculate the ratios above are included in Appendix 3. Share prices used for calculating price earning ratios are 776.50 pence and 471.1 pence for the year-end 27th April 2014 and 28th April 2013 respectively (Sports Direct, 2015). Appendix 2 JD Sports Fashion Plc S.no. Ratio Year End 31st Jan 2015 Year End 1st Feb 2014 1 Gross Profit Margin 48.6% 48.7% 2 Operating Profit Margin 6.1% 6.4% 3 Net Profit Margin 3.5% 3.4% 4 Current Ratio 1.22 1.15 5 Quick Ratio 0.54 0.50 6 Interest Cover Ratio 33.24 times 48.46 times 7 Financial Gearing 19.9% 18.05% 8 Equity Gearing 27.2% 16.6% 9 Earning per share 35.17p 29.08p 10 Price Earning Ratio 14.33 times 13.88 times 11 Receivables Collection Period 12.9 days 20 days 12 Payables Payment Period 58.1 days 75.1 days 13 Inventory Turnover Period 104.9 days 108.8 days (Source: JD Sports Fashion Plc, 2015) Note: The formulas used to calculate the ratios above are included in Appendix 3. Share prices used for calculating price earning ratios are 503.00 pence and 403.50 pence for the year-end 31st Jan 2015 and 1st Feb 2014 respectively (JD Sports Fashion Plc, 2015). Appendix 3 Formulas S.no. Ratio Formula 1 Gross Profit Margin Gross Profits/Revenue * 100 2 Operating Profit Margin Profit from Operations/Revenue*100 3 Net Profit Margin Net Profit/Revenue * 100 4 Current Ratio Current Assets/Current Liabilities 5 Quick Ratio (Current Assets Inventory)/Current Liabilities 6 Interest Cover Ratio (Profit before interest Payable + Investment Income)/Interest Payable 7 Financial Gearing Long term liabilities/capital employed * 100 8 Equity Gearing Net Debt/Equity * 100 9 Earning per share (Net Profit Dividend on preference stock)/ No. Of shares 10 Price Earning Ratio Market Value of Share/ Earning per share 11 Receivables Collection Period Trade Receivables/Revenue*365 12 Payables Payment Period Trade Payables/cost of sales*365 13 Inventory Turnover Period Inventory/Cost of Sales * 365 (Source: ICAEW, 2012) Note: Capital Employed = Equity + Net Debt, where net debt = interest bearing debt (non-current and current) minus cash and cash equivalents

Fiesta, 1980 by Junot Diaz Free Essay Example, 750 words

In modern times, however, things are not so simple, and many people around the world are coming to terms with coming of age in multicultural spaces that have vastly different expectations of the transition from childhood to adulthood. Beyond simply representing the Americanness that Junior must simultaneously embrace and separate himself from, the name Junior also functions as a reminder of his divided state. Junior is not, in fact, a name, it is two names: to people who speak are primarily English speakers he is Junior, and to his family and others that speak primarily Spanish he is Yunior (76). The author s choice to use this name consistently, beyond simply representing it as an artifact of accent (which he pays little attention to otherwise) is the genius. It tells the reader that Junior/Yunior does not simply have one identity that is represented or interpreted differently depending on his context, but that he actually has two identities the Junior that must deal with the mass ive white, American word around him, and the Yunior that must relate to his family and his original culture. We will write a custom essay sample on Fiesta, 1980 by Junot Diaz or any topic specifically for you Only $17.96 $11.86/page Diaz s effort to bridge this gap of understanding in Fiesta, 1980 is quite clever. He uses the mixing of Spanish and English to point to the split identity that anyone growing up in such a situation must develop. Beyond that, however, he uses different spellings of the main character s name, Junior/Yunior, to emphasize this divide.

Attention Deficit Hyperactive Disorder (Adhd) Is The Most

Attention Deficit Hyperactive Disorder (ADHD) is the most diagnosed disorder in America at a staggering 11 percent of the nation s children. That statistic equals to 6.4 million children ages 4-17 being diagnosed with this disorder. According to The Center for Disease Control (CDC), this means more students than ever are being diagnosed with a disorder which makes learning difficult for them. Dealing with this disorder can be extremely difficult as an educator and a student. One of many approaches by educators have been the use of out-of-the-box teaching tools such as exercise balls. Seasoned teachers relying on years of experience will sometimes disregard the realities of ADHD. Most feel they understand what is going on in†¦show more content†¦Sparks study, using tools to allow creative minds to blossom is something he suggests. According to a study published in The Journal of Abnormal Child Psychology, by Cory Armes, M.E suggests hyperactivity may actually help students overcome their attention problems. Running, jumping and even rolling around in class actually helps an ADHD student concentrate. Most ADHD students become restless when they are asked to do a task involving the use of the executive functioning of the brain. Research also shows when students with ADHD were asked to do a task which involved working with memory and organization, students that were given permission to move or fidget performed much better than students who were asked to be still. This study proves the ADHD student’s gross motor movements helps them finish intellectual tasks. In essence if a student with ADHD is allowed to move around and fidget, they will be more successful in their work. What does this mean to the average student and teacher? Studies have shown to help an ADHD student succeed, he or she must be all owed to be hyperactive. How does one control this hyperactive behavior? A wobble chair, an exercise ball as a seat and small fidget devices such as squishy balls, cubes, and spinners can be used by ADHD students to keep them in their space and be less of a distraction for others in the class. Allowances are made for children with wheelchairs along with other disabilities andShow MoreRelatedAttention Deficit Hyperactive Disorder ( Adhd ) And The Frontal Lobe887 Words   |  4 PagesAttention Deficit Hyperactive Disorder (ADHD) and the Frontal Lobes Attention Deficit Disorder (ADD), Attention Deficit Hyperactive Disorder (ADHD) throughout history has been seen as a behavioral issue. The prevalence and attention given to ADD/ADHD as a disorder has not become apparent until more modern times. With the coming of Drugs, treatment seemed to become common and successful. 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Individuals with attention-deficit/hyperactive disorders may have biological abnormalities such as brain structure abnormalities or abnormal bio chemical levels (Comer, 2016). Brain structural abnormalities tend to occur in theRead MoreAttention Deficit Hyperactive Disorder ( Adhd )1210 Words   |  5 PagesADD/ADHD, better known as Attention Deficit Disorder/ Attention Deficit Hyperactive Disorder, is a growing disorder in children and adults alike in the United States. So many people have this disorder now a days that it isn’t a rare thing for a child to be diagnosed with it. In this paper I will go over the cause of ADD/ ADHD, the details about what it actually is and how it affects people, when you need to have the child checked for this disorder, and the many signs and symptoms of ADD/ ADHD disorder

Music in the Baroque Period free essay sample

Many people dont know that true music started long before this. The art of classical music; and music for musics sake. There once was a time when music was only played for the church and nothing else, no concerts to go to, or no time to lust listen to It to enjoy It. In the baroque period there came a time of change for music, and music was now being played for musics sake. When someone talks about the baroque period many people think of the architecture from that period, but even more important than that is the music they came from this period. Baroques definition Is bizarre, but when talking about the music exuberant would be a much better translation. During this period many composers started to experiment with form, styles and Instruments. The biggest part of music in this period was the exploration of form. We will write a custom essay sample on Music in the Baroque Period or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Baroque music can be seen as highly ornate, very textured and intense music. There are a number of defining characteristics of music in this period; one is the basso continuo, which is music that is played by one or more bass instruments and a keyboard Instrument.Another characteristic Is the doctrine of affections, which allowed composers to express emotions and feelings In their compositions. This help lead to the emphasis on contrast of volume, Like crescendos and decrescendos; texture in the music, like staccato for sharp notes; and then the pace of the music, hey started using things like adagio for slower, and presto, meaning faster. One of the well known composers of this time is Antonio Vivaldi. Antonio is mainly known for his Four Seasons, and the Opus 3, but he also wrote many works which sound Like exercises for students.And this Is exactly what they were. Vivaldi was employed for most of his working life as violin teacher and composer by the Spelled Della Pieta, which was an orphanage. Vivaldi also had a great interest in the Opera. As far as his theatrical activities were considered the end of 1 71 6 was a high point for Vivaldi. In November, he managed to have the Spelled Della Pieta reform his first great oratorio, Judith Triumphant devices Holiness barbaric. This work was an enlightening description of the victory of the Venetians (the Christians) over the Turks (the barbarians) In August 1716.In 1720 Vivaldi staged new operas written by himself In the Theatre Santa Angelo, a theatre In Venice. The notation of Baroque melodic lines tended to assume that composers would write out only the basic framework, and that performers would embellish this framework by elaborating on it. But on the other well known composers of this time Johann Sebastian Bach was regarded at the time as being on one extreme end of the picture, notating most or all of the details of his melodic lines-?particularly in his is argued to be one of the best composers of all time.Bach is widely known for his improvisation at the keyboard. His inner personal drive to display his musical achievements was evident in a number of ways. The most obvious was his successful striving to become the leading virtuoso and improviser of the day on the organ. Bach Nas an amazing composer and has changed the way many people see music. The Baroque was a time of a great arts were paintings saw the works of Vermeer, and El Greece in literature it was the time of Milton, and Racine modern science came into its own during this period with the work of Galileo and Newton.But what saw the most was music, with the works of some of the bests like Antonio Vivaldi and Johann Sebastian Bach. This was the time when you were able to listen to music Just for the sake of music and many new ways came about of music, with tempos, sounds, texture and many more. Also the art of Opera really began, and Antonio Vivaldi had many successful operas that he was able to compose. To this day many people dont member these legends in our history of music, but the few who do really appreciate it for what its worth.

Positions that can be non-demanded in 10 years

Positions that can be non-demanded in 10 years Concerns about future profession stir up minds of parents, adults and all indifferent people. There are so many things to be taken into account! Personal preferences and aptitudes, job market demands and financial aspect – these factors can be enumerated endlessly. The last twenty years of high digital development and technological gadgets spreading brought irreversible changes and innovations to all spheres of our life without exceptions. There appeared a lot of new positions, which can be hardly required ten years ago. Computers and software changed working processes and established a lot of procedures and jobs, which have nothing to do with the past. Innovative working processes and new progressive job positions are only for the better, but what to do with the work areas and professional spheres, which are substituted by machines? Thus, there are some occupations that are under the threat of needlessness due to technological advance. And this question should be regarded by you carefully, since demand determines your employment chances and salary rate. So meet the professions that according to the latest statistics and considerations can hardly survive more than 10 years. Postal workers When have you written an ordinary letter to someone for the last time? There are still some informational letters from certain official services, but the number of correspondence and letter writing has reduced greatly or disappeared at all. Who want to wait a week or two, if there is an affordable and quick opportunity to connect people via phone or social networks? People select more convenient and progressive ways of communication and letter writing is not one of them. Indeed, we can assume that the position of postal worker will become less in demand or useless at all. However, there are a lot of private postal offices and courier delivery and this direction of delivery services has more chances for successful functioning. Telemarketer There is the tendency of rare using phones in comparison to the near past. It is more common to use e-mail for marketing. Besides such functions, as mass mail distribution or mail merge, make the marketing less complicated for selling companies and more customized for user’s pleasure. Digital technologies created new opportunities and changed this business area greatly. So, the position of telemarketer is hardly in great demand nowadays and presumably there will be no people, who work as telemarketers in about ten years. Publishers and printers Publishing sphere of business is also influenced by the digital innovations. When it deals with news, books or any other type of such entertainment, people refer to their Smartphones, tablets and computers. Unfortunately, the number of people buying books and newspapers immensely decreased. Publishing companies make a lot of efforts to make their business profitable and to interest customers in reading printed sources. Though, it seems that the tendencies are not going to the good of publishers and there is a strong possibility of publishing business decay within few years. Travel agent Travel agent’s work is aimed to simplify people’s worries about their journey and to make all arrangements concerning it. However, more and more often people prefer not to go to the travel agency but book everything via the Internet. It is simple to buy tickets, reserve the hotel; you view and control the things regarding your trip yourself. Of course, there are still people, who do not want or just do not have time to plan and go into details, so they let travel agent to deal with it. But the majority has a strong desire to take the matter in own hands and exclude participation of travel agents and expenses for using help of such a specialist. Retail Cashier We can make shopping without human interaction and this is not a new thing nowadays. A lot of automated processes, which are used for purchasing, become more common. Self-service checkouts are implemented widely in the shops and supermarkets and the job of retail cashier is gradually falling into oblivion. Who knows, perhaps in ten years people will forget that such an occupation has ever existed. Taxi driver Taxi services are surviving some changes and suffer competition with ride sharing apps. People do not want to wait for a cab and search for a car via their digital devices. Ride sharing apps offer a lot of functions and price options and are proved to be more customized. Presumably, in order to stay afloat, taxi drivers will change the way of leading their business and will follow the up-to-date tendencies of using apps and driving. So, whether you are at the stage of work search or graduating classes, there are lots of things that you cannot omit and leave without attention. Select the right profession for your pleasure and financial well-being and take care to ensure your carrier success by undertaking proper academic programs.

Native American Influence on the Founding of the US

Native American Influence on the Founding of the US In telling the history of the rise of the United States and modern democracy, high school history texts typically emphasize the influence of ancient Rome on the founding fathers ideas about what form the new nation would take. Even college and graduate-level political science programs bias towards this, but there is substantial scholarship on the influence the founding fathers derived from Native American governing systems and philosophies. A survey of the documentation demonstrating those influences based on the work of Robert W. Venables and others is telling for what the founders absorbed from Indians and what they intentionally rejected in their crafting of the Articles of Confederation and later the Constitution. Pre-Constitutional Era In the late 1400s when Christian Europeans began to encounter the indigenous inhabitants of the New World, they were forced to come to terms with a new race of people entirely unfamiliar to them. While by the 1600s the natives had captured the Europeans imaginations and knowledge of the Indians was widespread in Europe, their attitudes toward them would be based on comparisons to themselves. These ethnocentric understandings would result in narratives about Indians which would embody the concept of either the noble savage or the brutal savage, but savage regardless of connotation. Examples of these images can be seen throughout European and pre-revolutionary American culture in the works of literature by the likes of Shakespeare (particularly The Tempest), Michel de Montaigne, John Locke, Rousseau, and many others. Benjamin Franklins Views on Native Americans During the years of the Continental Congress and the drafting of the Articles of Confederation, the Founding Father who was by far the most influenced by Native Americans and had bridged the gap between European conceptions (and misconceptions) and real life in the colonies was Benjamin Franklin. Born in 1706 and a newspaper journalist by trade, Franklin wrote on his many years of observations and interactions with natives (most often the Iroquois but also the Delawares and Susquehannas) in a classic essay of literature and history called Remarks Concerning the Savages of North America. In part, the essay is a less than flattering account of Iroquois impressions of the colonists way of life and education system, but more than that the essay is a commentary on the conventions of Iroquois life. Franklin seemed impressed by the Iroquois political system and noted: for all their government is by the Council or advice of the sages; there is no force, there are no prisons, no officers to c ompel obedience, or inflict punishment. Hence they generally study oratory; the best speaker having the most influence in his eloquent description of government by consensus. He also elaborated on Indians sense of courtesy in Council meetings and compared them to the raucous nature of the British House of Commons. In other essays, Benjamin Franklin would elaborate on the superiority of Indian foods, especially corn which he found to be one of the most agreeable and wholesome grains of the world. He would even argue the need for American forces to adopt Indian modes of warfare, which the British had successfully done during the French and Indian war. Influences on the Articles of Confederation and the Constitution In conceiving the ideal form of government, the colonists drew upon European thinkers like Jean Jacques Rousseau, Montesquieu, and John Locke. Locke, in particular, wrote about Indians state of perfect freedom and argued theoretically that power should not derive from a monarch but from the people. But it was the colonists direct observations of the political practices of the Iroquois Confederacy which convinced them how power vested in the people actually produced a functional democracy. According to Venables, the concept of the pursuit of life and liberty are directly attributable to Native influences. However, where Europeans diverged from Indian political theory was in their conceptions of property; the Indian philosophy of communal landholding was diametrically opposed to the European idea of individual private property, and it was the protection of private property that would be the thrust of the Constitution (until the creation of the Bill of Rights, which would return the foc us to the protection of liberty). Overall, however, as Venables argues, the Articles of Confederation would more closely reflect American Indian political theory than the Constitution, ultimately to the detriment of the Indian nations. The Constitution would create a central government in which power would be concentrated, versus the loose confederation of the cooperative but independent Iroquois nations, which much more closely resembled the union created by the Articles. Such concentration of power would enable imperialist expansion of the United States along the lines of the Roman Empire, which the Founding Fathers embraced more than the liberties of the savages, who they saw as inevitably meeting the same fate as their own tribal ancestors in Europe. Ironically, the Constitution would follow the very pattern of British centralization that the colonists rebelled against, despite the lessons they learned from the Iroquois.

Health Care Organizations, Mayo Clinic Case Research Paper

Health Care Organizations, Mayo Clinic Case - Research Paper Example This research paper examines health care organizations such as Mayo Clinic. Mayo Clinic positions itself in the topmost position in the market among many other rival players. Other than this, Mayo Clinic also enhanced its brand image and reputation in the market due to its vision to offer high preference to the needs and requirements of the patients as compared to others. However, in order to fulfill the needs of the patients in effective way, it works in collaborative way in diverse teams. As a result of which, Mayo Clinic became successful in amplifying its brand image and sustainability in the market among many other existing contenders. Furthermore, due to its honest work ethics, it became successful in attracting a wide range of patients of varying income groups and cultures that amplified its prosperity and profitability to a significant extent. Due to which, the consistency and popularity of the organization of Mayo Clinic increased that amplified its market share among others . The paper shows strengths of the Mayo Clinic: highly skilled Work-Force, 24 hours services, high quality of care and high advanced machines. It also describes Mayo Clinic's weaknesses: human resource roles need to be evaluated, confused signals to the patients, high experienced staffs need to be recruited. The research paper explores opportunities of this organization, gives overview and assessments of services provided by Mayo Clinic, explains competencies and resource of Mayo Clinic, identification of stakeholders of Mayo Clinic etc.

The Smith's Snackfood Company in Australia Essay - 1

The Smith's Snackfood Company in Australia - Essay Example The company also boasts as having a very strong distribution network in the country since it is able to distribute its snack products to over 60,000 outlets spread all over the country every ten days. The company’s main products include Smith Crisps, Ruffles, and Lays while its snack brands include Lays, Doritos, Twitties, Cheetos, Parker’s, Burger Rings, and Red Rock Deli. Salty snack food industry is said to contribute greatly to the Australian economy. Salty snack food industry in Australia is worth $26 million according to a report. The industry grew by about 12% in the year 2011, and the growth is expected to continue due to the increased demand for salty snacks in the country. As earlier stated, Smiths Snackfood Company is the leading supplier of salty snacks in Australia with its snack brands reported to have grown by 25% in 2011. However, the company’s market is divided into three segments namely potato (68%), Corn (14%) and Extruded/ Cereal (18%). The co mpany’s dominance is the industry emanates from its strong presence in every product segments, where its main brands such as Doritos, Smith Crisps, and Twisties have remained leaders (Friend, 2012). The snack food industry in Australia is marred by stiff competition among leading plays, which competes for the sensitive segments in the country. For instance, Smiths Snackfood Company faces stiff competition from other key players such as Arnotts Snack Foods, and Proctor and Gamble, Smiths Snackfood Company. As a result, Smiths Snackfood Company has always engaged in a strong advertising campaign aimed at attracting certain market segment in the country so as to maintain its dominance and improve its performance. In fact, the company was ranked 21st overall in Australia in terms of the advertising campaign according to 2001survey.

Organic food - Agriculture Essay Example for Free

Organic food Agriculture Essay Ever wondered why organic foods are more expensive? Why organic foods are kept separately from the other food in a grocery store? Why some produce has special labels? The food all looks the same on the outside. An apple marked organic looks the same as any other apple in the produce section of the store. The difference is not the outward appearance but how the apple was grown and processed. The word organic gives the impression that the food will be safer and more nutritious to eat than food without the organic label. Many scientific studies have been done to find if there is a significant difference in safety and nutrition. The studies all conclude the same information. Organically grown foods are not any more nutritious or safer for consumption than conventionally grown, non-organic foods. Many people are not clear regarding how organic and non-organic also known as conventionally grown food is grown in the United States. Organically grown food is grown and processed using no synthetic chemicals, such as fertilizers or pesticides (Environmental Protection Agency, 2009). Pesticides derived from natural sources, such as biological pesticides, can be used in growing and producing organically grown food (Environmental Protection Agency, 2009). Biological pesticides are bacteria or fungi that are applied to the plant to control bugs (Environmental Protection Agency, 2009). If raising livestock, the animals eat organic animal food (American Progress, 2008). Organic farming does not have adverse effects on animals and people. Using biological pesticides and fertilizers does not leave toxins or harmful residues in the environment (American Progress, 2008). These types of pesticides and fertilizers are considered to be environmentally friendly, unlike non-organic farming. Non-organic or conventionally grown food is food grown with chemical fertilizers to promote plant growth. Insecticides are used to reduce pests and disease. Chemical herbicides are applied to soil to prevent and kill weeds. The animals are given antibiotics when sick. Growth hormones and medications are given to livestock to prevent disease and spur growth (Mayo Clinic, 2009). The two methods of farming are very different regarding farming techniques. Farming techniques are the main factor that contributes to a food classification as organic or non-organic. Organic farming techniques are one reason the cost is higher than conventionally grown food. Organic farming uses crop rotation (American Progress, 2008). This is growing one type of food, then harvesting that food and planting a different crop in the same place. Crop rotation helps keep the soil fertile. Organic farmers rely on the spreading of mulch or manure to keep weeds down (Mayo Clinic, 2009). Organic farmers may use methods such a hand weeding as opposed to using herbicides sprayed on the entire crop. Organic farmers may use beneficial insects and birds to keep pests from destroying crops (American Progress, 2008). Organic farming is much like farming before all the technological advancements in farming that is used today in conventional farming. Organic farming is designed to reduce pollution and conserve soil and water (American Progress, 2008). Either way a farmer chooses to grow food, the food still has to pass all standards set up by the United States government. The United States Department of Agriculture (USDA) has set standards all food producers must adhere to and pass whether organically or conventionally grown. Food must be safe before it is sold to consumers. The National Organic Program (NOP) develops, implements, and administers national production, handling, and labeling standards for organic agricultural products. The NOP also accredits the certifying agents, both foreign and domestic, who inspect organic production and handling operations to certify that they meet USDA standards (United States Department of Agriculture, 2010). The Organic Foods Production Act (OFPA) and the NOP assure consumers that the organic agricultural products they purchase are produced, processed, and certified to consistent national organic standards. The labeling requirements of the NOP apply to raw, fresh products and processed products that contain organic agricultural ingredients. Agricultural products that are sold, labeled, or represented as organic must be produced and processed in accordance with the NOP standards (Agriculture Marketing Service, 2010). If the food passes all the criteria, the food can legally carry an organic label. Labels are an important part of correctly marketing organic food. All food has to be classified and labeled before it can be sold for consumption whether organic or non-organic. Before a product can carry the organic label, it must pass all the USDA guidelines. Products that are completely organic or made of all organic ingredients are considered 100% organic. Examples of completely organic products are single-ingredient foods, such as fruits, vegetables, eggs. These type foods are labeled 100% organic. These foods can carry a USDA organic seal (Mayo Clinic, 2009). Food that contains organic ingredients but also have other ingredients that may not be organic are considered 95% organic (Agricultural Marketing Service, 2008). An example of this type of food is cereal. Manufacturers and farmers may use the word organic on the product label if the food contains more than 70% organic ingredients (Agricultural Marketing Service, 2008). The label is not the USDA label but the manufacturer’s label. An example of this type of food is a soup that has a manufacturer label boasting it has organic ingredients. Foods containing less than 70% organic ingredients cannot use the word organic on their product label (Agricultural Marketing Service, 2008). The USDA issues heavy penalties for misrepresenting a product as organic. Natural food is not organic even though the two are usually within the same section in a market. Natural food is a term that may confuse people. Natural food does not have strict labeling standards set up by the USDA. Thus, many products can carry a natural food label. It would be easy to misconstrue natural food as organic. By definition, natural food is food that has undergone no or minimal processing and contains no additives such as preservatives or artificial coloring (Encarta, 2009). Natural food is the way the food is processed after it has been grown. Organic and non-organic food is defined according to how it was grown and then processed. The quality of food is still the issue for natural, organic, and non-organic when deciding what to buy. The quality of the food is one of the main issues between organic and conventionally grown food. The concern about conventionally grown food is if the food contains chemicals or chemical residue. Many studies have been done on organic and conventional food. Conventionally grown food does contain trace amounts of residue from the chemicals used in producing the food. Thoroughly washing produce with water and scrubbing before consuming reduces the residue on the fruit or vegetable (Mayo Clinic, 2009). According to the studies, there is no difference as far as taste. Taste is subjective to the growing conditions, season, and if a food is at its freshest point (Mayo Clinic, 2009). Taste is, of course, a matter of opinion. Something that studies can measure is the nutritional value of food. Many studies have been done comparing the nutritional value of organic and conventionally grown food. The studies have shown that there is no conclusive evidence to prove that organic food is more nutritious than is conventionally grown food (Mayo Clinic, 2009). The USDA, even though it certifies the food, does not claim organic foods are safer or more nutritious than conventional food (Mayo Clinic, 2009). An organic facts site states the following about organic and conventionally grown foods, â€Å"There is no evidence to prove that organic food is healthier than non organic food. People prefer organic food because they feel it is safer than conventional food as chemicals are not used in its production (Organic Facts, 2010). † Study after study does not prove organic food safer or more nutritious than conventionally grown food. Nutrition is not the only issue at hand. The controversy lies in the growing methods between organic and conventional farming. The issue should deal more with depleting the soil of its minerals and the chemicals washing off into the water supplies. The labels are added to organic food so that consumers have a choice. A consumer can easily identify organic products by the labels. When at the supermarket, look over the organic section. Do not worry that one fruit or vegetable tastes better than the other. Do not ask if one is more nutritious than the other. What should be asked, do I want to help conserve the environment? References Agricultural Marketing Service. (2010). Agricultural Marketing Service – National Organic Program. Retrieved January 14, 2010, from http://www. ams. usda. gov/AMSv1. 0/NOP American Progress. (2008). Organic vs. Conventional Foods-The Gloves Come Off. Retrieved January 13, 2010, from http://www. americanprogress. org/issues/2008/09/organic_green. html Encarta. (2009). natural food definition – Dictionary – MSN Encarta. Retrieved January 14, 2010, from http://www. encarta. msn. com/dictionary_1861696699/natural_food.html Environmental Protection Agency. (2009). Organic Farming/Agriculture/US EPA. Retrieved January 14, 2010, from http://www. epa. gov/oecaagct/torg. html Mayo Clinic. (2009). Organic Foods: Are they safer? More Nutritious? Retrieved January 13, 2010, from http://www. mayoclinic. com/health/organic-food/NU00255 Organic Facts. (2010). Difference Between Organic and Natural Food | Organic Food Basics | Organic Food. Retrieved January 14, 2010, from http://www. organicfacts. net/organic-food/organic-food-basics/difference-between-organic-and-natural-food. html.

Grapes of Wrath :: essays papers

Grapes of Wrath In John Steinbeck’s epic, The Grapes of Wrath, the Joad family is the example of the working class family during the 1930s. The novel depicts the Joad family as they are struggling to move from an infertile farm in Oklahoma to the gold coast of California. They are driven off of their farm by not only the â€Å"dust-bowl†, but because they can’t pay the mortgage to the banks, despite their hard work. Work is a very important theme in the book. Steinbeck is describing a family whose livelihood comes from working on the land. This has two meanings. The first describes their jobs as farmers who are literally working on the land to make it produce crops. The second meaning however is much deeper; it describes the actual process that farmers such as the Joads go through on the farm. They â€Å"work† the land by cultivating it and treating the soil the right way. They put their own blood, sweat, and tears into the land. In return the land sprouts crops, which they would then sell for money. The land however is destroyed by the dust bowl and the Joads have no place to work. They are skilled only for the farm. This is the first idea that Steinbeck gives about work. He shows a family with a skill, but in a place where the skill had no worth. Al seems to be knowledgeable about fixing cars, but for the most part, the only way that the Joads have, or can survive is as farmers. This is a direct statement on what the Industrial revolution was doing to America in the time period. The jobs on the farm that were done by hand were becoming machine tasks. Steinbeck makes a very blatant statement against the machines that came about and blamed them for much of what happens to the Joads that force them to leave the land. Steinbeck doesn’t only use the machines as the machine that literally forces the Joads off of their farms, but also incorporates the ideas that the big businesses are using the machine to do the jobs of the actual farm families. Work is what the driver of the tractor had to do when he comes to remove the Joads from the land in Chapter Five.

Police Misconduct Response Essay

I would define police brutality as something that occurs when a police officer acts with excessive force by using the amount of force with regards to a subject that is more than necessary. By excessive force, I mean that the officer use more than the amount of force to get the subject under control. I feel that police brutality happens when an officer has the subject under control and then might hit the subject with a black stick, or use the taser gun on the subject. When trying to get a suspect to comply with orders given by an officer, the amount of force should be used in only the minimum amount needed to gain control of a situation. Police brutality is a direct violation of the laws within the police force. This is a form of police misconduct. The relationship between police brutality, police corruption, and other police misconduct falls all together. By this, I mean that they are all in direct violation of the laws. The relationship between the three is that they are abuses of police authority. Police corruption is the abuse of police authority for personal gain. Corruption might involve any type of material benefit gained illegally by an officer because of his authority. Forms of corruption could include anything form bribery, extortion, selling drugs and many other things. This is also considered a form of misconduct. I would recommend that the police officers who are found guilty or involved in any of these type of actions be handled with the highest actions necessary to assure that it does not continue to happen. By this I mean, strengthening police leadership, develop clear written debt policies and procedures so that it is known by all officers that this type of behavior are not acceptable.

Why Is It Important for External Auditors to Be...

Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself, the general public and the state. I think it is important to first define what an audit and an external auditor to be able to answer this question effectively. Firstly an audit is (1)â€Å"an accounting procedure under which the financial records of a company or individual are closely inspected to make sure that they are accurate.† An†¦show more content†¦A independent review from an auditor of the companies accounts will have many benefits to the owner for example for example he/she will be satisfied of the workings of that particular department. This will mean that the owner will have confidence of where they should place their funds or research and development if they know for sure that there department†™s financial record are in order. This will then allow for the best method to allocate resources allowing for greater efficiency and overall the company to be profitable in the future. Also allowing for the report to be independent the report of the auditor will be true and fair in all respects. An independent auditor will also help keep staff of that company in check because of the fear that in the near future the accounts are to be examined and action would be taken against them if any irregular actions have been caused to happen. Thus the independent audit prevents this from starting in the first place and helps keep the staff in a moral check. A report by an independent auditor can also help in the process of borrowing money. As the report will have been done by an independent auditor it then becomes very easy for example a bank to trust this and therefore becomes very easy for them to issue a loan without time or delay. Also it may enable the firm to achieve a better rate than otherwise expected because they may be seen as a less risky investment. This can obviouslyShow MoreRelatedWhy is it important for the external auditor to be independent?1495 Words   |  6 Pagesï » ¿Why is it important for external auditor to be independent? Throughout the years, banks, shareholders, possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financialRead MoreWhy Is It Important for External Auditors to Be Independent? Relate Your Answer to the Primary Role of External Auditors. Give Examples of Specific Ways the Lack of Auditor Independence May Impact Adversely on an Audit.1648 Words   |  7 Pagesand Finance Lent Term: Individual Coursework Essay Topic: Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. In 2001, there was an event that had shaken the whole business world. The crash of Enron in US, followed by worldwide collapse of its auditor, Arthur Andersen. It was a greatest corporate failure uncoveredRead MoreWhy Is It Important for External Auditors to Be Independent? 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Auditing is one of the most essential processes that has to be executed in the business world. It involves independent testing on the documents of a business to establish the financial statements are prepared without any material misstatements and maintained as the law requiresRead MoreImportance of External Auditors1110 Words   |  5 Pagesaim of this essay is to study the function of external auditors in order to analyze why it is important to be independent. The primary mission of external auditors is to review and evaluate all the financial records of a company or corporation. They provide an objective opinion on the organization’s financial statement and effectiveness of the accounting polices in order to help management to make decisions. If the independence of the external auditors is impaired, the public will doubt the qualityRead MoreIndependence of External Auditor1203 Words   |  5 PagesIndependence of external auditor By:- shubham kanchhal Auditor independence  refers to the independence  of the auditor  from parties that may have a financial interest in business being audited. Independence requires integrity  and an objective approach  for the audit process. This concept requires the auditor  to carry his work freely and in an objective manner. The purpose of an audit to enhance the credibilityRead MoreThe Impact Of External Auditors On The Financial Position Of The Company1422 Words   |  6 Pages INTRODUCTION External auditors are accountants who work independently of a particular company employed by a firm to inspect their financial statements by analysing the performance of the company and presenting an audit’s report. 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Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. In 2001, there was an event that had shaken the whole business world. The crash of Enron in US, followed by worldwide collapse of its auditor, Arthur Andersen. It was a greatest corporate failure uncovered in business history. Follow the Enron-Andersen scandal, massive organizations like WorldCom,†¦show more content†¦Improvements in reliability of corporate revelation minimize the threat that an investor or a creditor will make poor decision if the information which is provided to them is inaccurate. The threat that is mentioned above is the information risk, that is present everytime creditors or investors use information to assess economic risk of any potential investments. The better the quality of the information, the better chances these users making the right decisions. 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