Business five Essay Example | Topics and Well Written Essays - 500 words

Business five - Essay Example My insurance firm ensured that it has the license of operation renewed every month to avoid any hiccups with the authorities. The company also has a personal lawyer with whom we liaise with to understand better what we are and not supposed to carry out in the firm. The social context of the organization is also very stable. This is seen by the numerous funds that we offer to the less fortunate through corporate events. Moreover, we show social responsibility by employing locals. The economic environment of the organization happens to run very smoothly. The amount of money brought back to the company as profit continues rising with each passing year. The interest rates thus go down and an increase in clients is in line (Adams, 2008). The managerial condition of the organization is close to perfect. This as I run the organization with strict rules which if not followed could lead to the person indicted getting a penalty that subsequently may ruin any chance of promotion. The operational condition is in the same manner and I ensure that I delegate the right responsibilities to the capable persons. With this, there is assurance that all operations will run smoothly. After the last board meeting, the organization’s major shareholders settled down on the running of a very diverse and critical project. Due to my steadfastness in the job, I was delegated the task of managing the project and giving them feedback. The project was market diversification by marketing the organization to other regions. The person most suitable or best acquainted with the respective area manages this and similar projects. Time management is one of the major factors to observe in the organization. Due to this, I ensure that all the respective parties for various activities complete their jobs in a timely manner. On my side, when I am given a project to oversee, I ensure I set up a time table that I divide to various section

The Grand Rapids Michigan Furniture Strike of 1911 Essay

The Grand Rapids Michigan Furniture Strike of 1911 - Essay Example Grand Rapids workforce was within a few ways in advance of to a large extent of the state in provisos of manual labor categorized & division awareness. The fundamental manual labor assemblage, the  Knights of Labor, embarked on management in Grand Rapids in 1883 & was prominent in receiving Grand Rapids to be solitary of the primary metropolis to commemorate May Day following the  1886 Haymarket mutiny. The KOL too acquired associates nominated to the Grand Rapids municipality charge at the closing stages of the 19th  Century & near the beginning fraction of the 20th  Century. Next toward the identical era the workforce were systematizing, the home production privileged were in addition running on top of conduct to engender further affluence and opinionated have power over all through the metropolis. The furnishings corporation proprietor were a rigid interlace faction that engaged a propos one third of the labor force in the near the beginning part of the 20th  Century & h ad initiated their personal furnishings maker organization in 1881 trailed via an owner society in 1905 that had notice certificate on each employee in the furnishings production. Additionally, the furnishings mugger magnate had as well instigated to be in charge of a vast deal of the neighborhood bank and intertwined structure of to be in command of inside the furnishings manufacturing amid proprietor sitting additional panel of administrators of apiece other corporations (Powell, 2007).  In truth, the intertwined scheme of industrial unit proprietor & the neighborhood depository arrangement was therefore so noteworthy that they were below examination pro infringement of antitrust act. The rampant affluence of the furnishings tycoon & the mounting manual labor strife around the state that was belligerent pro an eight hour exertion daylight hours, improved earnings, improved functioning environment & the desire to organize was the ideal framework for a colossal clout in 1911. Pres ently there are incongruity above the definite numeral of workforce who went on the clout, bar nearly all historians give the impression in the direction to place the figure at 4,000 originally & while numerous as 7,200 next to the conclusion of the four month clout. Workforce jointly sauntered off the post on April 19, 1911 in remonstration in opposition to the furnishings proprietor deficient of rejoinder to employee demand. April 19 was in addition the date subsequent to the furnishings manufacturer organization had in print a reaction to the workforce pronounce so as to that they wouldn't consent to communal haggle. The clout swelled rapidly & integrated the prop up of the Mayor & the Catholic Church underneath the headship of Bishop. Ultimately the furnishings proprietor pulled in strike breakers to endeavor to maintain the industrial unit unwraps and generating. Subsequent the objection on 19th April 1911, manufacturing entity landowner akin to Harry Widdicomb warren within th eir heel, & implemented their preeminent to preserve make up via means of conveying within supplementary physical employee. Umbrage elevated amid the conspicuous labor force. Anxiety flew into a rage on 15th May subsequent to Widdicomb shot to pressurize industrial action breaker in the route of the workplace all the way through a mass of a propos 1,200 protester & followers amassed on the John Widdicomb Co. on Fifth Street NW. That belatedly daylight, populace poured

The practice of pilgrimage during medieval times Essay Example for Free

The practice of pilgrimage during medieval times Essay Examine and Comment on the practice of pilgrimage during medieval times and its significance in the medieval church As pilgrimage in medieval times is a very large topic to explore, I have decided to use Canterbury as my focus. Canterbury was and is still seen as a very important place for pilgrimage and was the main reason why pilgrims from other parts of England, Europe and all over the world have come to venerate St Thomas Becket. I want to examine how pilgrimage at Canterbury developed and evolved from Beckets death in 1170 to the Reformation in the 1500s. What kind of an effect did this have on the Cathedrals revenue; surely the Cathedral saw a large profit? Even though people had been visiting Canterbury for centuries in small groups so that they could respect and honour saints like Augustine, Dunstan and Alphege, however, was it pilgrimage to the shrine of Thomas Becket, the murdered Archbishop, which made most the money for Canterbury?Did pilgrimage to his shrine help to make a very wide impact on pilgrimage in England as it brung the majority of pilgrims to Canterbury Cathedral? During the medieval ages Canterbury Cathedral saw its peak years in terms of the number of visitors and revenue generated as well as its downfalls which I would like to explore along with the common criticisms of pilgrimage. R.Finucane begins his book Miracles and Pilgrims by asking why pilgrims in the early middle ages would be drawn to the mouldering remains of a saint. The answer is most likely to be because they wanted a cure for their illnesses. Finucane describes cripples writhing on the floor of Beckets simple tomb1Thomas Beckets death in 1170 had a massive effect on the number of pilgrims that came to Canterbury. After he died in 1170 news of miracles spread almost immediately, not just in Canterbury but in other places around England. For example two days after the killing a Gloucester girl was cured of a head complaint after praying to the martyr2 A monk called Benedict who was responsible for the relics recorded the first set of miracles. The following year another Canterbury monk, William recorded 483 miracles. Between the two monks the total which was recorded was 703 miracles in the first ten years after the Archbishops death. From these results we can see that William recorded a larger number of miracles than Benedict which shows that the news of miracles at Canterbury had spread widely even between the early years of 1171 and 11723. Sarah Hopper also tells us that it is estimate that almost a third of visitors to the shrine were foreign and it is also interesting to note that his shrinew received more foreign pilgrims than any other. This large number of miracles that occurred would have encouraged more pilgrims to gradually come to worship at the shrine of St Thomas Becket and when pilgrims first started to visit the Cathedral to venerate Thomas Becket their experience would be a very ordered process. When they got there, there would be welcomed by a monk who would act as their guide and lead them on a tour which was very well structured. Monks would lead the pilgrims to the North transept which was the first pilgrimage station where Becket was murdered. From here the pilgrim would see a column removed and an altar in it place to mark the spot, they would see two broken pieces of steel that had shattered Richard le Brets swords. This reminds pilgrims of the horrendous nature of Beckets death. However what was achieved by Beckets martyrdom was a better understanding and appreciation of what Becket suffered for his beliefs. Some pilgrims might also go up the stairs, on their knees if they wished to the high altar where Beckets body was left the night of his murder. Ascending this path towards the shrine would have been very symbolic for the pilgrim. The quality of the shrines location was of a very high quality as it was at the highest end of Canterbury Cathedral. This was because by following this course the pilgrims would be enacting not only the last steps taken by Thomas Becket but they would be also on a spiritual journey themselves. The next station they may visit is the crypt where the atmosphere was very different, more sombre and still. There they would see Beckets tomb raised and there would be two oval holes where pilgrims placed their heads or their hand against the stone coffin. In John Adairs book The Pilgrims Way he notes that a foreign pilgrim once wrote that church seemed to be piled on church, a new temple entered as soon as one ended4. This implies that the Cathedral was slightly overwhelming for many pilgrims going from station to station, all of which having their own significance. When they had seen scenes of Beckets miracles in the stained glass windows this would encourage many to filled their lead ampullae at the Wall of St Thomas. This water which could be brought at Canterbury was said to contain some of the saints blood. When Becket died the monks used cloth to salvage some of the blood from the saint. This water was also given to many churches in England. This would also see the spreading of the message about Beckets divine healing power. Was this water effective in miraculously curing diseases? Adair also mentions John who was a chaplain to the Archdeacon of Salop was bothered by an unlpeasant polypus in his nose. It started to cause paralysis he described the sensation of the water as cold as ice, chasing the disease through his body and almost freezing his brain5 after a large sneeze he came across a cherry stone in his mouth. He was healed and walked home and he would not leave the cherry-stone behind as it was his evidence of a divine intervention On 21st Febraury 1172, Becket was canonised by Pope Alexander III which brought a larger number of pilgrims to Canterbury. By making someone a saint this would increase their popularity and make them better known. The cult of Thomas Becket had now officially began and thus leading to more people wanting to make their pilgrimage to Canterbury.One can only assume that Pope Alexander heard about Thomas Becket through news of him spreading because of pilgrims. Pilgrims also came to Canterbury to seek penance from St Thomas Becket. Penace was a common reason for many pilgrims to go on a pilgrimage. This was the idea that if you commited a sin you would carry out a pilgrimage to beg forgiveness at the shrine of a saint such as Thomas Becket. Chaucer (c1340 -1400) described, when a man has sinned openly, of which sin the fame is openly spoken in the countryCommon penance is that priests enjoin men commonly in certain cases, as for to go, peradventue, naked in pilgrimages or barefoot One example of a pilgrim who walked in a sackcloth among pilgrims and also barefoot was Henry II, who was also the most famous pilgrim who sought forgiveness Furthermore he was also the most famous royal pilgrim who sought redemption at Beckets shrine after his men murdered the Archbishop. He walked barefoot from the West gate of the city to Beckets tomb. He allowed himself here to be scourged. This was not an unknown act amongst pilgrims. It was a frequent practice and seen as a punishment for those who were making a penance at Canterbury. The pilgrims would be beaten with rods by the clergy. Pilgrimage can also be seen as a spiritual journey as Langland describes that You must travel , both men and women, through Humility, until you arrive at Conscience: there Christ may know for certain that you love God above all else6. So, this highlights the religious importance behind doing a penance as well. It was mainly local people who would come to visit Beckets tomb up to 1220 when his bones were translated to the new Trinity Chapel which stood on the site of the old Trinity Chapel. However, why did they choose to move his body there? a Canterbury monk explains that it stands on the site of the old Trinity Chapel, where he celebrated his first mass, where he was wont to prostrate himself with tears and prayers, under whose crypt for so many years he was buried, where God for his merits had performed so many miracles, where poor and rich, kings and princes, had worshipped him, and whence the sound of his praises had gone forth into all lands7. These associations with the Archbishop was why they chose to translate his body to the new Trinity Chapel Festivals Celebrated at Canterbury Festivals celebrated at Canterbury would also attract more pilgrims to Canterbury. People would crowd around the doors outside the Cathedral on the vigils of the Translation and of saints Martyrdom. Here pilgrims may spend the night. Examples of activities that pilgrims would do include prayers, devotions, games and music. However, this would also give the opportunity for many thieves to steal from the pilgrims as they would often wander around the large crowds. Beckets translation led to the annual Canterbury fair on the 7th July which was The Feast of the Translation. Many booths and stalls would be opened making a lot of money from visitors. As the Feast of the Translation was set in the summer and not the winter like The Feast of St Thomas of Canterbury has attracted a larger number of pilgrims from further away. It is said that the first jubilee in 1220 gained a sum of à ¯Ã‚ ¿Ã‚ ½1,142 5s 8. This sum was mainly made up of the offering to the saints shrine and also the site of t he martyrdom There were also other factors which affected the revenue which were of a more social and political nature. For example when the Cathedral hosted the Black Princes funeral in 1376 and the crowning of King George and Queen Isabella in Canterbury Cathedral this saw extremely high amounts in these years. The Customary and revenue at Canterbury It was very important for the shrine to be well guarded every day and night because they had many important tasks to carry out. There was a guide of the custodians duties called the Customary which was written by two monks. There were two guards in the Trinity Chapel one was temporal and the other spiritual. In the summer they would get up at five and it would be six in the winter. They would celebrate a daily Mass in honour of Becket at his shrine and the spiritual guard was responsible for this as well as ringing a bell to gather the pilgrims . These guards also had to ensure that the pilgrims were well looked after because many would be exhausted so they would be offered food and refreshments. Before the Feast of the Translation they had to prepare the shrine for the festivities which were about to take place. The Customary also lists the expenditures from the coins that were offered at the shrine. We assume that because of the many people that visited the shrine the Cathedral generated a great amount of revenue. However, Woodruff calculate that even though there were large some of money received by the Cathedral on both of its own Jubilee years of 1320 and 1370 the cellarers expenditures were extremely large and the accounts show an unfavourable balance9. In other words, this emans that more money had been spent than generated at Canterbury Cathedral at this time. The Corona Beyond the Trinity Chapel at the very eastern end of the Cathedral a special unique chapel was added to protect the Corona or Beckets Crown which was a thin saucer of bone that had been sliced from the Saints skull. This would have also brought more pilgrims because it was a holy relic. Pilgrims would venerate the segment of skull that had been set in a golden likeness of his head encrusted with gold. The Black Death (1349 -51) in the fourteenth century also had its impact on the practice of pilgrimage in Canterbury. The potbreak in 1348-9 led to the shrine of St Thomas Becket benfiting finacialy through generous offerings. Around this time many may have gone to Canterbury in the hope that they would be healed. At this time when the Black Death was at its worse St Thomas saw some very generous offerings as well as St Mary who was in the undercroft However, in the 1400s how did the practice of pilgrimage develop? Offerings from pilgrims would add up to à ¯Ã‚ ¿Ã‚ ½700 at the shrine alone itself. Was the practice of pilgrimage at Canterbury any different at all from its earlier stages ? It wasnt an ordered process anymore. It would be a much noisier atmosphere compared to the early stages of pilgrimage at Canterbury. Many pilgrims would visit Beckets shrine at the apex of steps and altars. For a few coins pilgrims had the opportunity to see the canopy of Beckets shrine raised up and this would reveal gold and silver ornaments and gems and rubies. After the pilgrims had seen the sights at Canterbury and spent a night perhaps at Eastbridge Hospital they would leave the next day with phials of Canterbury water. This was their proof to their neighbours that they had seen he famous tomb of Thomas Becket. However criticisms of pilgrimage to Canterbury soon developed and it is becoming more and more evident that people were lavishly spending their money on souvenirs. William Thorpe was charged with heresy by the Archbishop of Canterbury in 1407 because he expressed his views of how he believed that it was a disservice to God by wasting money and forming rleations with lascivious women in places such as Canterbury as well as Walsingham10 . Did the medieval pilgrims actually abuse pilgrimage or was their behaviour natural because of society at the time. This is certainly the reason as People in medieval times were eager to travel to new places and were probably overwhelmed by the sights and wanted to purchase items as proof that they had seen the famous tomb. However, the more people that came to Canterbury Cathedral the more revenue that was gained Diana Webb notes that in 1370 Simon Sudbury, bishop of London told a group of pilgrims that were on their way to Canterbury for the Jubilee indulgence that they would receive no benefit from it11. The group of pilgrims who had heard this accused the bishop of criticising the merits of Thomas Becket. They prophesised that the bishop would meet an evil end and he was killed by the rebels from Watt Tylers rebellion in 1381.It was also commonly believed that as saints were able to leave their graves so a man didnt have to come in contact with a relic to invoke them or even punished by them. Then when a woman called Aliza heard that a woman had lost their sight after visiting Beckets tomb she burst out laughing, saying, Others whom the Martyr receives in sickness, he sends back healed, you, however, went there well, and now return blind. While dissolved in laughter, Aliza was suddenly blinded, and eventually only partially cured12. Others may citicise motive such as going on pilgrimage for casual sexual experiences and some may use the journey in order to commit adultery. Is there any evidence however that pilgrimage was abused in this manner? Sarah hopper tells us that most of Chaucers pilgrims show to a certain degree their lack of moral values and spiritual discipline. This In 1500 a Venetian described how he saw the shrine the magnificence of the tomb of St Thomas the martyr, Archbishop of Canterbury, is which surpasses all belief13. This was certainly the case until the Reformation where it is written that twenty -six wagons were required to transport all the trasures away from Beckets shrine when Henry VIII destroyed it. After 1538 when Henry VIII destroyed Beckets shrine and his bones there was no longer the amazing shrine for pilgrims to see. However, pilgrimage had again changed before Henry VIII destroyed the shrine . In 1532 there was evidence in a decrease of revenue. In one of the sacristys books a note that the combined offerings at the cathedral added up to à ¯Ã‚ ¿Ã‚ ½ 13 13s 3d and this about thirty times less than received at the shrine when pilgrimage activity at Canterbury was at its highest. After the Reformation, Canterbury saw a significant decrease in pilgrims visiting the Cathedral. In 1538 when Henry VIII destroyed Beckets shrine and his bones there was no longer the amazing shrine for pilgrims to see. Overall, pilgrimage to Canterbury had developed greatly in medieval times from Beckets martyrdom in 1170 to the Reformation in 1538. Early key episodes such as Beckets murder in 1170, his canonization in 1173 and his translation have seen a significant increase in pilgrims coming to Canterbury. The main motive seems to be in order to get healed because it is was news of his miracles spreading further that more people visited the tomb and then the shrine. Its most significant increase as suggested my most scholars such as Dianan Webb, was in 1220 when his bones were translated because of what medieval life was like this would have been a breathtaking and an amazing sight to behold. As time goes on motives may have been more based on seeing and just as an opportunity to travel. There are criticisms that have developed and even though we assume because of the large number of pilgrims that visited Canterbury and even though large sums were offered, it seems that because of large expenditures this did not make the cathedral much of a profit. When Henry VIII destroyed the shrine this meant that there wasnt much for people to see anymore seeing what seemed to be an end to pilgrimage at Canterbury. Overall, I believe it was Thomas Becket who William Langland describes a symbol of resistance to oppression of the Church by the secular power of his day14 which was the main reson that pilgrims ventured to Canterbury. 1 R. Finucane Miracles and Pilgrims- Introduction page 9 2 William Purcell- Pilgrims England Chapter 7 Canterbury and St Thomas p.167 3 Sarah Hopper- To be a Pilgrim The Medieval Pilgrimage Experience Chapter 5 p.60 4 The Pilgrims Way- John Adair page 68 5 The Pilgrims Way- John Adair page 40 6 Piers Plowman- William Langland passus V page 61 7 The Pilgrims Way- John Adair page 68 8 To be a pilgrim- Gods Magic Shrines and Miracles Sarah Hopper p.127 9 European Pilgrimage- Indulgences and Jubilees pg 73 10 To be a Pilgrim chapter Oppositions to Pilgrimage- Sarah Hopper page 162 11 Pilgrims and Pilgrimage Diana Webb- page 72 12 R. Finucane Miracles and Pilgrims- p.34-5 13 Pilgrims England Chapter 7 Canterbury and Thomas William Purcell page183

Sports and the Law Essay Example for Free

Sports and the Law Essay Sports is a wonderful gateway for recreation. It gives sense of completeness and physical balance for a person. That is why joining in sports activities is rewarding in any way. However, it may also cause accidents and unavoidable consequences. As such, there is a need for a knowledge of the law that governs sports accidents and careful application of the same. A contract should be entered into between the participants and the sports organizers to this effect. This is necessary in protection of the players or participants. Contract is the meeting of the minds between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration. There are various types of contracts and these include unilateral contracts, bilateral contracts, oral and written contracts, conditional contracts, and joint and several contracts. A unilateral contract is one in which there is a promise to pay or give other consideration in return for actual performance. A bilateral contract is one in which a promise is exchanged for a promise. Oral contracts are more difficult to prove than a written contract. Conditional contract includes conditions or an event occurring whereas joint and several contracts means that several parties make a joint promise to perform but each one is responsible impliedly in which the courts will determine there is contract based on the circumstances (â€Å"Contracts†, 2007, p. 1). The elements of contracts that will make the same valid involves the offer, an acceptance of that offer which results in a meeting of minds, a promise to perform, a valuable consideration which can be a promise or payment in some form, a time or event when performance must be made, terms and conditions for performance and performance of the contract. Any one of these elements that is not present in a contract will make the same void or voidable. In the case of Vernonia School District 47J v. Acton (Supreme Court, 1995), the Supreme Court of the United States found that mandatory drug testing in high school athletics programs was not an unreasonable search or seizure, nor was it an invasion of privacy. The petitioner school operates one high school in Oregon. The school also involves in athletics activities as sports play a 2 prominent role in the towns life, and students athletes are admired in their school and community. However, due to the observed increase in drug use, the school required every athlete to be under drug test. And yet, it was regarded by the concerned that it was against the right of every individual against unreasonable searches and seizures and an invasion of privacy. Respondent Acton was denied participation in his schools football program when he and his parents refused to consent to the testing. It was the right of the school to require Acton to be under drug testing based on the contract he signed under the football program. They then filed this suit seeking declaratory and injunctive relief on the grounds that the Policy violated personal rights identified earlier. There is a close relationship of tort law with sports. It cannot be avoided that participating sports activities will result to accidents due to negligence of the parties. To be able to resolve a particular case, tort law will come to the rescue. Many sports pose serious danger to participants. Generally, a person who suffers a sports-related injury may recover for medical expenses and other losses if the injury was caused by negligence of another party. Injuries and damages resulting from intentional torts, such as battery or assault, likewise are recoverable. Courts generally decide suits involving injuries to athletes, spectators, and other parties involved in sports according to basic tort laws. If a party owes a duty of care toward another party and that duty is breached, the party owing the duty is liable for any injuries suffered by the party to whom the duty is owed that result from breach. The level of duty will vary according to the circumstances. When the situation is dangerous, it will require a high degree of care, and less dangerous situations require less care (â€Å"Sports Law†, 2004). Athletes may recover for injuries resulting from anothers partys negligence or intentional acts. Athletes in contact sports consent to some physical contact, but courts do not find that participants consent to contract that goes outside the bounds of the game. In some cases, schools are 3 even liable for injuries of the athletes. If an employee of the school such as a coach or referee fails to properly supervise a student and the student suffers an injury as a result of the failure to supervise, the school may also be held liable for the employees negligence. Defendants in sports-related personal injury suits may posses any number of defenses. One of the most successful of these defenses is that the party assumed the risk of being injured by playing in or watching the sporting event. Defendants may also argue on their part that the plaintiff was negligent and therefore should recover only a portion of his damages or nothing at all. This can be illustrated in a situation where a plaintiff may have ignored warnings or signed a document that waved the defendants liability for any injury suffered by the complainant. We will now discuss a case that is related to the topic on negligence and injuries. This was the case of Montalvo v. Radcliffe (Federal and States Cases, 1999) wherein Michael Montalvo, a 12-year old boy with AIDS, was denied admission to a traditional Japanese style martial arts school because of his HIV-positive status. In this action, brought under Title III of the Americans with Disabilities Act thereby prohibiting discrimination on the basis of disability by places of public accommodation. The district court denied Montalvos relief because his condition posed a significant risk to the health or safety of other students and no reasonable modification could sufficiently reduce this risk without fundamentally altering the nature of the program. The Court affirmed the same decision. The facts of the case would tell us that Southside Virginia Police Karate Association, Inc. operates a karate school in Colonial Heights, Virginia, known as U. S. A. Bushi- dokan, which is owned by James P. Radcliffe, II. The school teaches exclusively traditional Japanese, combat-oriented martial arts. Within the first three weeks of lessons at U. S. A. Bushidokan, students learn techniques that involve substantial body contact, and within the first few months they apply these techniques to spar in actual combat situations. Radcliffe testified at trial that the sparring often results in injuries which, while minor, are bloody. 4 In the course of their sparring or their fighting a blow can take place that may initiate some type of open wound or may initiate blood flow. The continuation of their activity continues for as long as they continue to show defensive techniques and then at some point, maybe seconds, maybe even closer up to a minute, they will break and at that point that is normally the point where we will notice that someone has blood on them. When they spar one person off another, at the finish of that whole thing, 10 to 15 minutes, they will have blood all over their uniforms and hands and have no idea where it came from, who it came from or things of that nature. Radcliffe explained that to progress through the belt, as a level of achievement, a student must engage in combat activity fighting. You have to do the self-defense. It involves contact, that is exactly what they do. Radcliffe also noted that inherent in this form of karate are consistently scratched skin, scratches, gouges, bloody lips, bloody noses, things of that nature. Accordingly, the Court concluded that U. S. A. Bushidokan who is the owner of the martial arts class, in excluding Michael Montalvo from participating in its combat-oriented group karate class, did not violate the rules under question because Michael posed a significant risk to the health and safety of others that could not be eliminated by a reasonable modification. Finally, we should not forget that the law on torts and damages is very important to be studied in relation to participation is sports activities because it will protect the safety of every athlete or player. It will also give a balance in giving decisions of every issue posed by the parties. 5 References Concord Law School. (2007). Sports Law Cases. Retrieved 4 December 2007, from http://www. news. findlaw. com/legalnews/sports/sports_law/cases. Karate Law. Com. (2004). Sports Law. Retrieved 4 December 2007, from http:// www. karatelaw. com/sports. html. Law. Com Dictionary. (2007). Contract. Retrieved 4 December 2007, from http:// dictionary. law. com/default2. cap? selected:337bold.

Buddhism And The Poetry Of Jac Essay -- essays research papers

Buddhism and the Poetry of Jack Kerouac For we all go back where we came from, God’s Lit Brain, his Transcendent Eye of Wisdom And there’s your bloody circle called Samsara by the ignorant Buddhists, who will still be funny Masters up there, bless em. Jack Kerouac -from Heaven   Ã‚  Ã‚  Ã‚  Ã‚  Jack Kerouac spent his creative years writing in a prosperous post world war II America. He was in many ways a very patriotic person who had no problem making known his love for his country , particularly within his literature. It was, quite literally, America that he was in love with. Taking cues from writers such as Whitman, he embraced the American landscape as a field for spiritual cultivation. Kerouac was indeed a writer with spiritual preoccupations. He saw himself as partaking in a lifelong journey through the America that was waiting to reveal itself and, consequently, himself. Also, of course, considering himself a serious writer, he would chronicle this spiritual expedition throughout a series of novels that together would be called “The Duluoz Legend.'; This was the name Kerouac had intended the novels to take on when he would assemble them in chronological order before he died. Unfortunately he died earlier than he expected and was unable to form ally assemble them. However, the legend remains.   Ã‚  Ã‚  Ã‚  Ã‚  Kerouac undoubtedly made his mark on the literary world with his prose. And his prose proves itself to be a very good example of his writing as spiritual commentary. Kerouac, while wandering the country in freight cars and the backs of pick-up trucks, saw himself as a modern day sage or bodhisatva, discovering the essence of “the void'; and using his literature as a record of these discoveries. His body of work is a wonderful example of integrating Buddhism into the daily life and thought of a man living in a western culture. Kerouac could not help but find religion in every aspect of his waking day. Every thing or person he encountered or interacted with was a part of the “essence of isness.'; Within the Kerouacian canon there is, besides his prose, another shining example of Kerouac’s literary translation of the spirituality of living. Throughout his career Kerouac wrote several volumes of poetry, all of which deal with using the poetic medium to express ... ...ters as in Japanese called for this strict adherence to be dropped. In being that Haiku is Japanese in origin, it is reflected in Kerouac’s attempts that he was trying to see poetry from a Zen perspective. A few such attempts are as follows. Dusk: the bird on the fence a contemporary of mine Enlightenment is: do what you want eat what there is The moon, the falling star- Look elsewhere   Ã‚  Ã‚  Ã‚  Ã‚  Jack Kerouac was a writer with spiritual preoccupations. He allowed religion to be what it is, an integral part of everything one does, including writing. Just as a Buddhist, Jack saw life as a miracle. This was a miracle, though, that could be understood. However, from the perspective of a westerner it is believed that only God can understand miracles. Kerouac, seeing things from the perspective of the “innumerable diamond essences'; would have no problem with this argument. He would then, through his poetry and prose, explain us all to be God. He would open his Buddhist eyes to the world and record his meditations. Life was a miracle as well as art to Kerouac. Buddhism showed this to Kerouac, and Kerouac showed this to the western world.

Imagine You Are Boo Radley. Nathan Has Just Cemented Up The Knot Hole :: English Literature

Imagine You Are Boo Radley. Nathan Has Just Cemented Up The Knot Hole In The Tree. What Are Your Thoughts And Feelings? I feel as if my connection with the real world has been broken by my own father and now brother continues with this same lack of compassion. If it was not for them treating me this way, after one incident, I would not be here, and perhaps I would be leading a normal life away from my family. I am treated like a caged animal repeatedly put down by my own family saying how much of a disappointment I am. The children play outside as I would have liked to do. To be able to go outside and being allowed to live as a human would. They have a friend who visits them every summer. The act out scenes from various things they must make up. They walk to school like normal people, not like me. If it wasn't for all those unpleasant rumours people spread about me, brought upon by my family keeping me in the house like a monster, people would not have a fear of me. Most people haven't even seen me in the flesh so what would they know? For fifteen long years I have sat in the house with nothing to do no communication accept with my pitiful family. The children are like a new lease of life, the only people I see who even come up to the house. I was so happy when they were stood outside the house. Jem came up to the house. I was enthralled wondering why he was coming to call for me. I stood at the window amazed. Unfortunately he must have lost his nerve and ran away so I just peeked through the shutters to see what else they were up to. They stared back at me. For once I had communication with a normal person. My father died I was so upset but yet I felt free, that was of course until my brother arrived. He too keeps me in the house as often as he can showing no empathy for how I feel. I have sat and wondered for many years how I could change my image to make me look a lot more pleasant, but how am I to achieve this if I cannot venture outdoors. I knew Jem and his sister who he referred to as Scout. They were the only children who came within a hundred yards of the house, without running. A tree positioned just around the corner from our house seemed the perfect place to try and make contact

Adolf Hitler Essay example -- Biography

Adolf Hitler was born and raised in Austria. From the early start of his life he had a very brutal look on life. When he moved to Munich his life on the streets worsened his views. In the 30s he moved to seize power and make Germany a dictatorship. After becoming Dictator he used his powers to cleanse the nation. His racial views on life and brutal tactics made Germany a world Power. Hitler was born on the eve of April 20th 1889. He had two sisters and a brother. The first three children of his mom Ida Hitler died shortly after their birth. There are few records about Hitler’s first years in Braunau Austria. His own book Mein Kamph gave little detail and they are based on translations (Kershaw 3). He was born to Alois and Klara Hitler. They moved around from time to time to different small farm towns in Austria (Adolf Hitler 3). One day while his father was eating breakfast he collapsed and died. Years later in 1907 his mom died, he then dropped out of high school and headed to Vienna Italy (Adolf Hitler 3). He went to realize his dream of being a painter. He applied to the Viennese Academy of Fine Arts hoping to realize his vision. His paintings got him into the exam but he didn’t score high enough to get in (Adolf Hitler 3). He lived painting and sketching in low taverns while living on the streets (Adolf Hitler1). In 1913 he traveled to Munich. At first he was living on the streets going day to day doing odd jobs. Then he wound up in a men’s home. This is where his Nationalist and Anti- Semitic views skyrocketed (Adolf Hitler1). He developed his first education in politics by studying the Demagogic techniques of Christian Social Mayor Karl Lugar (Adolf Hitler1). This view was brutal and was about keeping the German race pur... ...ermany Hitler’s top officials plotted an assassination attempt, they failed and were all shot. Hitler hired new officials and told them that there Germans were to fight to the death. He holed up in Berlin with the remainder of the Third Reich. The Allied forces stormed the city from all sides and soon the Reich fell. Before they broke the defenses Hitler married his love Eva Braun and a day later the both slaughtered themselves. This brought a end to what is referred to as Germanys darkest days (Adolf Hitler2). Hitler was one of the most brilliant strategists of all time. He was a good leader and rallied his troops although his intentions weren’t noble. He moved Germany from depression and a time of crisis to a formidable force. When Hitler died it put an end to a oppressive tyranny. In Germany today the holocaust isn’t taught because of those dark days.

Changes needed for the success of a policy Essay

In order to make the process of enactment of policies to be one of great success; there needs to be some work to be done. Accountability is one of the issues that need to be enhanced so that things get steered in the right direction. Each and every stakeholder has a role to play so that success is assured. It is well known that for an institution to have a shot at becoming an icon of success; then it would be necessary for administrators to vet the quality of services they offer. Other than accountability the issue of evaluation or assessments of the various stakeholders is also advised. The mentioned two issues would be helpful if they can be worked on. Evaluations would have to be introduced to both the teaching staff as well as the school administrators. (Fowler, 2009, p.101) How evaluation is carried out may forecast repercussions to both the person administering it and the individual being evaluated. Making assessments and evaluations is paramount within a learning institution. A lot of effort is put when pursuing policy implementation; equally aggressive measures should be put when safeguarding it. Stages of carrying out evaluation of policies can be pursued in two aspects; one of those avenues is during the duration of developing the said policy and the other being at the time of implementation. Evaluation of policies has undergone a lot of changes over the years; evolution of policy evaluation has come a long way from the nineteenth century to the present day. The federal government has over the years worked on developing education policies that are fashioned to better take care and address the present day challenges adequately. Top universities have also lent a hand in beefing up the government`s effort at this role. (Fowler, 2009, p.101) Evaluation in policy implementation follows similar trends. To kick off the process one has to point out the goals that he or she needs to attain. One would be inclined to underscore the pointers or indicators that should be used to segment or look out for during the procedure. All necessary instruments needed to carry out collection of information have to be set ready. The next step is the going ahead with the job of collecting the expected information. Once the much needed information has been compiled; then the next process happens to be that of making proper and organized summary of the data collected. Analysis comes afterwards; with the next step in line being writing an evaluation report. Reports are prepared with the sole purpose of having the information acted upon by the relevant parties; the enactment of the recommendations written in the reports. (Fowler, 2009, p.101) Occurrences in the past have pushed societies into having the craving to moot policies to address and rectify major issues. There are two instances or occurrences that made people spring into action as far as making policies is concerned; one of the example is poverty with the other being the need to desegregate. The mentioned occurrences drove policy makers into doing the needful as far as conducting polished work is concerned. The mentioned aspects also made professionalism to be a pillar in the implementation and rollout of policies. Evaluation processes have also been refined over time; one of the evident ways is communication of policy information to the participating parties. Techniques of getting data for evaluation has continually been evolving. Currently evaluation seems to only be carried out by individuals with the expected expertise; and the right qualification. (Fowler, 2009, p.101) References Fowler, F. C. (2009). Policy Studies for educational Leaders Technology, an introduction (3rd ed.). Boston, Ma.: Pearson Education Source document

The Social Reality of Violence and Violent Crime

The book â€Å"The Social Reality of Violence and Violent Crime† by Henry H. Brownstein concerns a very critical and disturbing aspect of life of our modern society. Indeed, some of the most hotly debated topics today are in one way or another connected to violence, be they issues of adolescent crime, the high percentage of violent behavior at the workplace, in families, violence by drug addicts, etc.To put it simply – it must be acknowledged that the anxiety about violence as such within our society has become one of the most prominent elements of our world view. In this regard, the mentioned book by Henry H. Brownstein aims to accomplish a truly important task of uncovering the role that violence and violent crime play within our perception of the social reality that surrounds us.In accordance with this task and considering the complexity of the field of his study, the author of this work decided to maintain a live connection with his audience by means of collecting s tories from real life, which helps to characterize violence and violent crime in the United States from points of view of both individuals and social groups.This approach of the author is really important as in this way he manages to convincingly show how violence may be perceived differently by different people, and how those differences in perception of violence have developed in our society during the last century.Thus, the author`s views on the perception of violence are to a large degree based on the principles of social constructivism which state that our knowledge is not completely objective, but rather is to a certain degree subjectivity constructed by existing social influences (Brownstein 1999, p.3).I think that the useful tool that helped the author to achieve his aim was his ability to meld together his personal narratives and experiences of other people related to violence with excerpts from reports of media, official statistics, and research.As the author opens each ch apter with some story that helps readers properly understand what forms violence may take, where it exists, and what are probable reasons of its existence, readers can begin to see how all those complex and often seemingly separated from real life sociological concepts in fact stem from concrete historical and cultural conditions of our society.Indeed, even though it might sound quite sad, it seems that for many of us who were lucky to avoid personal encounters with violence it takes only shocking stories of real victims of violence and violent offenders to be able to see violence not as a merely dry statistics but as a terrible reality.At the same time, I think that one of the merits of Brownstein is that along with his personalized approach to interpretation of place of violence in our lives he nevertheless does not forget about more general social considerations and at the end of every chapter also discusses relevant social policies.This allusion to the realm of political decisio n-making is valuable as such because of the competence of the author, and at the same time it helps complete the picture of how violence is socially constructed, because policies towards violence too often impose upon us some fixed and almost compulsory perception of it.Finally, I feel that aside from his academic talent, Brownstein managed to convey to readers some fine nuances of his personal, even intimate, perception of violence. This is done in a very subtle way through his writing style and his ability to depict moods of people and his personal experiences. For example, he begins his book with a very impressive description of his visit to the infamous Sing Sing prison, and as he described his slow advance thought a series of security points and bars, I felt as if coming closer and closer to something truly terrible. However, the story of the man whom Brownstein interviewed in Sing Sing left me somewhat baffled due to its ambiguity.On one hand, the author described the case of a dangerous murderer, but on the other hand left me wondering whether the circumstantial evidence against him based on his cocaine usage was sufficient to be sure in his guilt. This story vividly illustrates the power of stereotypes that shape our perception of violence, and serves as a good start for the author`s endeavor to shed light on this complex phenomenon.SourcesBrownstein, H., H. (1999). The Social Reality of Violence and Violent Crime. Allyn & Bacon.

A Critique of the Structure Conduct Performance Paradigm (Scp) Essay

A Critique of the Structure Conduct Performance Paradigm (SCP) †¢The SCP approach draws on theories of market structure. These theories can be adapted to examine the behavior of firms and industries. However, these theories do not always give us exact relationships between structure, conduct and performance. †¢Structure can be measured by a multitude of indicators. Unfortunately, many economists tend to measure structure by concentration. This is primarily because data is easy to find in government statistics. As a consequence, there is a danger of overemphasizing the importance of concentration. †¢The SCP approach has been criticized for providing a ‘snapshot’ of competitive conditions. The approach does little to explain how the industry has evolved into its current state and what, if any, the future changes of industry structure and firm behavior are likely to be. †¢It is often difficult to decide which variables belong to structure, which to condu ct and which to performance. For example, the extent of advertising, vertical integration and diversification gives useful information as to the structure of an industry. However, these are also strategies which firms can choose to follow to gain a competitive advantage over rivals. †¢There are difficulties in measuring many of the variables. For example, how would one measure profitability? How does one measure entry barriers and the rate of entry? How do we measure the extent of vertical integration? †¢What exactly do we mean by performance? Performance is some measure of the degree of success in achieving desired goals. Is it possible to have a set of uniform performance indicators? Differences in firm objectives may make the links between firm behavior and performance difficult to assess. For example, if firms are sacrificing potential profits in order to reduce risk by investing in more certain activities, then researchers should be more interested in variability in profit rates and not profits levels per se. Alternatively, if managers are maximizing their own satisfaction through excess expenditures, then it is no longer clear that large firms will necessarily make abnormal returns. In other words, firms insulated from competitive pressure may choose a ‘quiet life’ and no longer strive for greater efficiency and higher profits. Despite its critics, the SCP approach is one of the most popular and enduring approaches to analyzing competitive markets. For example, European banking has experienced competitive change over the last decade. Government deregulation has increased competition and allowed banks to compete not only in domestic but also in other European markets. The extent of diversification has increased, which has caused the distinction between b anks, building societies and insurance companies to become blurred. There has been entry of foreign banks into many European countries, leading to intensified competition. The number of banks has declined in many European markets in recent years. The trend is apparent across different types of banks, including the mutual savings and co-operative banks as well as the domestic commercial banks. Reference: http://classof1.com/homework-help/macroeconomics-homework-help/

Benefits and Application of Database Packages

Benefits and Application of Database Packages Introduction The aim of this paper is to reflect on the benefits of Database processes in business operations. Actually, database refers to data collection that is prepared and arranged in computer systems in order to choose quickly preferred items. The effective use of database is enhanced by the manner in which information is organized orderly in ascending documentation.Advertising We will write a custom research paper sample on Benefits and Application of Database Packages specifically for you for only $16.05 $11/page Learn More Indeed, manual recording has been faced with many shortcomings, for example it is complicated process thus ineffective. This paper also examines how database packages can be applied in business processes. Surely, database systems are invented to enable businessmen to manage and restore information (data collection) in an ordered way. Importance of Database in Firms’ Business Operations Database process is beneficial to busi nessmen when it comes to processing, collecting and storing information (Solove, 2001). For example, business operation will be more effective when businessmen know their suppliers, competitors and consumers. According to Mukherjee Duncan (2000), several business lack resources to process and collect huge amount of information. â€Å"This means that they do not have vital information on whether consumers buy goods repeatedly, how progress is their business and how profitable are they† (Mukherjee Duncan, 2000). Such important information is beneficial in shaping business strategy and handling operational business challenges. Businessmen should gather much information from database which are beneficial in future operation of their businesses. Solove (2001) claimed: Database operation is important because it minimizes resources and time utilized in managing data; it enables businessmen a capability to evaluate data in many ways; it is an effective system of management of data; it transforms disparate idea to be useful information; and promotes quality of information (p.24). Database Application According to (Mukherjee Duncan, 2000), several business operations like insurance, banking, publishing and manufacturing commercial businesses need to use database systems because of their business demands. Indeed, there are two database systems, relational (structured) and single (flat) file databases (Solove, 2001). Moreover, Mukherjee Duncan (2000) explained:Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Database system that a businessman may need depends on: amount of data that requires to be processed and stored; whether more than single individual are required to amend and access data; and data complexity in terms of sound, plain text and image files (p.32). When a business operation is not complex, for example managing one hundred consumers, a businessman may use effectively database package like spreadsheet. On the other hand, Solove (2001) viewed that a complicated business operation may require sophisticated packages like Sybase, Microsoft Access, Oracle, Informix and Filmmaker Pro. Such are particularly made to sort huge quantity of data, for example, enabling businessmen to handle payments processes, clients’ names and products ordered (Mukherjee Duncan, 2000). Database is important particularly to businesses which require huge quantity of information. Furthermore, â€Å"database process is a tool which is beneficial to build effective applications like inventory and sale ordering management in business operation† (Solove, 2001). In fact, â€Å"database devices make effective management and maintenance of data structured files. Such tools have strict parameters in order to instill accuracy and integrity in its task† (Mukherjee Duncan, 2000). For instance, any alteration that happens in the da ta will never be affected or corrupted whenever the process fails. Moreover, database enhances efficiency because it enables many users to utilize the data simultaneously (Solove, 2001). Database is most important when business application is shaped to meet the needs of businessmen. Indeed, specifying business need is special involvement that calls for a professional developer (Mukherjee Duncan, 2000).Advertising We will write a custom research paper sample on Benefits and Application of Database Packages specifically for you for only $16.05 $11/page Learn More According to Solove (2001), the modern database process utilizes SQL processing (Structured Query Language) that enables evaluation of data and thus reports are built in various ways. Such reports created are beneficial in coordinating business processes while promoting customers’ demands. Conclusion The use, collection, and processing of information is important in business operation. For ex ample, many business processes may be effectively managed when the information is stored accurate and updated. Any application which may make work engaged more effective and easier should be embraced without doubt. Database has significant role in Information Technology because its capability to process structured information is what drives business efficiency. References Mukherjee, S., and Duncan, G. (2000). Optimal Disclosure Limitation Strategy in Statistical Databases: Deterring Tracker Attacks through Addictive Noise. Journal of the American Statistical Association, 95, 4-8. Solove, D. (2001). Privacy and power: Computer Databases and Metaphors for Information Privacy. Stanford Law Review, 53, 35-40.

XYZ Corporation transition to IAS

XYZ Corporation transition to IAS Executive Summary Following the plan of XYZ Corporation to transition from GAAP to IAS, this report will explore the major areas that the corporation should take into account and recommend areas of importance. IAS reporting standards are universal reporting principles that will ensure the uniformity of financial reporting internationally. The major findings include that there will be a dramatic change in the names of financial statements.Advertising We will write a custom essay sample on XYZ Corporation transition to IAS specifically for you for only $16.05 $11/page Learn More The corporation should engage sound audit and reporting practices in their reporting mechanisms. The transition will come with heavy investments in the costs of developing employees and changing reporting structures. However, XYZ Corporation’s transition will offset the costs borne after it starts realizing the benefits of the transition. The report concludes that investing in t he transition will be a heavy investment with long term benefits thus a worthwhile development. Introduction The International financial reporting Standards (IFRS) were introduced in 2001 replacing international accounting standards (IAS) (Tweedie, 2004). The standards were offered by the IASB (International Accounting Standards Board). The standards are mandatory for all public companies listed on stock exchanges including the NYSE (New York Stock Exchange). The standards are implemented for the consolidated accounts reporting of companies (Gordon, 2008). Before the transition to IAS, every country had its own standards for guiding the calculation; GAAP (Generally Accepted Accounting Principles) standards. The rationale for the shift to IAS was based on the need to eliminate the incapacity of investors to reach informed decisions from the records drawn on the basis of GAAP (Beuren, Hein and Klann, 2008). Research Findings Making the transition to IAS will affect the financial recor ds of XYZ Corporation The transition from GAAP to IAS by XYZ Corporation will cause significant changes in the financial records of the corporation (Kwok and Sharp, 2005, p. 75). The changes include the significant change in the format of the financial records prepared, as opposed to those prepared under GAAP standards (Benzacar, 2009, p. 29). The statements of the corporation will change in the different areas mentioned. Next, the title of the corporation’s balance sheet will change from ‘balance sheet’ to ‘group balance sheet’, and the name fixed assets will change to non-current assets (Benzacar, 2009, p. 29; Tsalavoutas and Evans, 2010, p. 820). Capital and reserves are renamed as equity; profit and loss accounts are renamed to retained earnings, and the total capital invested is renamed as total equity (Benzacar, 2009, p. 29). Through the change of the names, the name titles of financial records will coincide with the information presented in ot her records, which will make it easier for outsiders to evaluate the financial health of the company in question (Benzacar, 2009, p. 29-30). The rationale behind the need to change names includes increasing the comparability of different financial records:Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The new names will show a cohesive financial representation of the corporation’s activities allowing the readers to see the relationship between the items presented in different financial statements, demonstrating that the statements complement each. Through the change of names, information will be disaggregated so that it can help a reader foresee the future cash flows of corporations like XYZ. With the names showing a better association between the information presented in the different records, readers will be able to evaluate the liquidity, as well as the financial flex ibility of organizations like XYZ Corporation (Benzacar, 2009, p. 29-30; Benzacar, 2009, p. 29-30). The shift to IAS will require the development of a universal accounting language by the IASB, which may not be possible The development of a universally accepted language should form a major component of the objectives of the IASB while enforcing the transition into the IAS, which XYZ Corporation is pursuing (Stittle, 2004, p. 139). As a result, even with the adoption of the IAS, XYZ corporations should realize that it may not receive maximum benefits from the transition as language plays one of the most critical roles in the generation of the varied accounting models for related areas (Evans, 2004, p. 235; Jacob and Madu, 2009, p. 356). The issue that will face XYZ Corporation in its shift to IAS will include the limitation it will face due to the inaccuracy of the IASB in translating accounting statements and concepts from one language to the other (Jacob and Madu, 2004, p. 356). T his limitation is supported by Evans (2004, p. 235) who argued that an exact transfer or equivalents of meaning during translation is often almost impractical in financial reporting. Consequently, it will not be possible to realize total homogeneity or to convey the exact meaning of the IAS accounting standards from one language to the other (Stittle, 2004, p. 139; Evans, 2004, p. 235; Salamudin et al., 2010). This limitation of the language used by the IASB is likely to cause confusion in the comprehensibility of the financial data presented by different organizations including that presented by XYZ Corporation after it is translated into other languages like German, Spanish, and Vietnamese (Evans, 2004, p. 235). Therefore, international investors intending to invest in organizations like XYZ corporations are likely to get the wrong picture about the financial health of institutions as translations may eliminate the weighty nature of the financial concepts and the variables in the statements (Evans, 2004, p. 235; Stittle, 2004, p. 139-140). The XYZ Corporation is likely to develop its financial records on the basis of distorted statements drawn from the records of other organizations due to the limitation (Evans, 2004, p. 235; Stittle, 2004, p. 139,140). In extreme cases, the information presented by XYZ corporations and that of other organizations is likely to be distorted through translation. This is likely to result in concerns over the reliability of IAS standards (Stittle, 2004, p. 139,140). The cost will be a major consideration among the companies making the transition to IAS The cost will be a far-reaching aspect when deciding whether to change from GAAP to IAS. As noted by Ballas, Skoutela, and Tzovas (2010, p. 934), the transition will entail more than special knowledge among the accountancy team of corporations. This will also lead to the alteration of the information models of the organizations.Advertising We will write a custom essay samp le on XYZ Corporation transition to IAS specifically for you for only $16.05 $11/page Learn More This presents the need to invest in the training of the staffs alongside the transition (Gordon, 2008 p. 232). As a result, the transition to IAS becomes quite expensive to XYZ Corporation both in the short and long term as there will also be a need to invest in the continuous development of the company’s accounts (Pickard, 2007; Gordon, 2008, p. 232). The major areas of investment during the transition include dedicating funds for software development. Thus, the corporations will require their software development team whether internal or external to develop new software that meets the standards of IAS accounting (Gordon, 2008, p. 232). Apart from the development and maintenance of the financial records software, the employees of the company should be trained in the areas of using the software in formulating financial records that are in line with the new and em erging standards (Pickard, 2007, p. 36). Some of the areas that will need major investments in XYZ Corporation will include the development of an employee-base and the maintenance of the infrastructure available at the company (Ballas, Skoutela and Tzovas, 2010, p. 934). Recommendations While undergoing the transition from GAAP to IAS, the XYZ Corporation should note that the criteria for its endorsement should be explored in an in-depth manner. In this case, it should draw clear differences between the decisions related to standard setting and adoption, as well as the endorsement of the standards (Benzacar, 2009). Additionally, during and after the transition, the interpretations of IAS should be reserved under the directives of IFRIC (International Financial Reporting Interpretations Committee (UNCTAD, 2012). The transition to IAS should be accompanied by the key concern of engaging sound audit consultants, practices and standards, as well as reinforcing the accounting mechanisms of the corporation. This will ensure that the corporation meets the expectations of the IAS standards in executing its audit and accounting functions (Jacob and Madu, 2009). The transition to IAS will require a heavy investment in funds to be employed in the transition, change of present accounting mechanisms, as well as contracting consultants to help in the transition and its maintenance (Jacob and Madu, 2009). However, apart from the costs incurred by the corporation during and after the transition, the benefits of the transition will outweigh the costs of the transition, as well as improve the standing of XYZ Corporation globally. Conclusion IAS is an integrated set of financial reporting standards developed on the basis of internationally articulated financial principles. The transition from GAAP to IAS was intended to eliminate the difficulties experienced by international investors. The transition should be accompanied by sound audit consultations and practices so as to ensur e that the new standards are observed. Despite the heavy investment during the transition, the benefits will outweigh the costs borne by XYZ Corporation in the long term.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Ballas, A. A., Skoutela, D., and Tzovas, C. A. (2010). The relevance of IFRS to an emerging market: evidence from Greece. Managerial Finance, 36 (11): 934-935. Benzacar, K. (2009). IFRS brings a radical change to financial statement presentation. Retrieved from knowledgeplus.org/pdfs/CMA_IFRS_statements_February09.pdf Beuren, I., Hein, N., and Klann, R. (2008). Impact of the  IFRS and US-GAAP on economic-financial indicators. Managerial Auditing Journal, 23 (7): 632-634. Evans, L. (2004). Language, translation and the problem of international accounting Communication.  Accounting, Auditing Accountability Journal, 17 (2): 235. Gordon, E.A. (2008). Sustainability in global financial reporting and  innovation in institutions.  Accounting Research Journal, 21 (3): 232. Jacob, R.A., and Madu, C.N. (2004). Are we approaching a universal accounting language in five years? Foresight, 6 (6): 356. Jacob, R. A., and Madu, C.N. (2009). International financial reporting stand ards: an indicator of  high quality?  International Journal of Quality Reliability Management, 26 (7): 718-719. Kwok, W., and Sharp, D. (2005). Power and international accounting standard setting Evidence from segment reporting and intangible asset projects. Accounting, Auditing   Accountability Journal, 18 (1): 75. Pickard, G. (2007). Simplifying global accounting.  Journal of Accountancy, 204 (1): 36. Salamudin, N., Bakar, R., Ibrahim, M. K., Hassan, F. H. (2010). Intangible Assets Valuation in the Malaysian capital market. Journal of Intellectual Capital, 11 (3): 393. Stittle, J. (2004). The reformation of European corporate reporting: Towards a model  of Convergence or confusion?  European Business Review, 16 (2): 139,140. Tsalavoutas, I., and Evans, L. (2010). Transition to  IFRS in Greece: financial statement effects and auditor size. Managerial Auditing Journal, 25 (8): 820. Tweedie, D. (2004). Looking ahead at 2004: a global standard-setters perspective. Balan ce Sheet, 12 (2): 5. UNCTAD. (2012). IFRS Implementation. Web.

6 Steps to Tailor Your Resume for Any Job Posting

6 Steps to Tailor Your Resume for Any Job Posting All of the job search advice these days stresses the need to tailor your resume to the job you are applying for, rather than blitzing out 50 generic ones. Trouble is, you’re not quite sure how to tailor your resume. Here are a few tips you can follow to make sure this process is a breeze, setting you up for success with whatever hiring manager gets your documents.1. Read carefully.First step is actually reading and comprehending the job posting and what it’s asking for in a candidate. Do yourself a favor and read it through with a highlighter. Mark all of the most important aspects, particularly anything that’s repeated or out of the ordinary- or that happens to match your particular skills. Knowing what the job entails is your top priority. Nothing else matters.2. Don’t bury the lead.Figure out what the most important or exciting match between your candidacy and the posting might be. What will really get the hiring manager’s attention? Maybe itâ₠¬â„¢s your current position, or a certification you recently achieved. Even if it isn’t your most recent accomplishment. Then make sure to feature that right up front- as in: the first section of your resume.3. Revamp your bullets.Be sure to take your major focus points out of later bullet points. But do also make sure to include some of the most relevant soft skills that would make you stand out as ideal for the job. Spin these bullet points to support your main focus and supplement your candidacy for that one job. 4. Cross check again and again.Now that you’ve done some work on your resume, go back to your highlighted job posting and make sure that anything you highlighted there appears verbatim somewhere on your resume- and preferably somewhere prominently featured.5. Add detail.Wherever possible, add numbers and details to help your skills (aka â€Å"Customer service skills†) shine out as something more tangible. (Aka â€Å"Boosted revenues by 10% and upped customer retention†).6. Pimp your cover letter.Don’t make the mistake of sending a perfectly tailored resume with a generic cover letter. Make sure you also spend some time tailoring your cover letter, in much the same way.Bottom line: Make sure both your resume and your cover letter pass the keyword test, including and/or featuring any and every keyword that appears in the job posting.

Free Essays on Guy Harvey

â€Å"El Viejo† I visited the Smart Art gallery in D’Iberville, Mississippi. This is where I found my wonderful painting that caught my eye. The art gallery is very easy to find coming from I-110N. Once you exit the interstate, take the right until you come to the first light. Turn left onto Central Ave. The art gallery is located in the second shopping center on the right. I chose this gallery because it was very easy to find and a friend recommended it. The artist of this painting is Guy Harvey. He was also a scientist, diver, angler, adventurer, and family man. Inspired at an early age by the sea around him, Guy Harvey enjoyed many hours fishing and diving from his father’s canoe in his native Caribbean home of Jamaica. From his early inspirations, Guy’s natural gift to recreate marine life has propelled him from a professor of Marine Biology to a full time marine wildlife artist. His constant curiosity about the sea and its occupants kept Guy busily experimenting with new ways to recreate his subject. Guy travels the world in search of new inspiration; his dedication to his career is extraordinary. However, his family is the first and foremost. As a result, there is new generation of Harvey’s demonstrating the same love and concern of the sea that was ingrained in their father years ago. Guy’s studio is in Kingston, Jamaica where he lives with his wife, Gillian, and their two children, Jessica and Alexander. I chose Guy Harvey’s newest artwork on the market called â€Å"tile art†. Imagine tile with the distinctive artwork of renowned artist Guy Harvey. Marine wildlife images displayed on the tile seem to immerse the viewer directly into the water. It is a spectacular, realistic piece of artwork for you home that can be framed, installed on a wall, cabinet or inlayed on a table. My favorite rendition of Guy Harvey’s tile art is â€Å"El Viejo†. This piece of a... Free Essays on Guy Harvey Free Essays on Guy Harvey â€Å"El Viejo† I visited the Smart Art gallery in D’Iberville, Mississippi. This is where I found my wonderful painting that caught my eye. The art gallery is very easy to find coming from I-110N. Once you exit the interstate, take the right until you come to the first light. Turn left onto Central Ave. The art gallery is located in the second shopping center on the right. I chose this gallery because it was very easy to find and a friend recommended it. The artist of this painting is Guy Harvey. He was also a scientist, diver, angler, adventurer, and family man. Inspired at an early age by the sea around him, Guy Harvey enjoyed many hours fishing and diving from his father’s canoe in his native Caribbean home of Jamaica. From his early inspirations, Guy’s natural gift to recreate marine life has propelled him from a professor of Marine Biology to a full time marine wildlife artist. His constant curiosity about the sea and its occupants kept Guy busily experimenting with new ways to recreate his subject. Guy travels the world in search of new inspiration; his dedication to his career is extraordinary. However, his family is the first and foremost. As a result, there is new generation of Harvey’s demonstrating the same love and concern of the sea that was ingrained in their father years ago. Guy’s studio is in Kingston, Jamaica where he lives with his wife, Gillian, and their two children, Jessica and Alexander. I chose Guy Harvey’s newest artwork on the market called â€Å"tile art†. Imagine tile with the distinctive artwork of renowned artist Guy Harvey. Marine wildlife images displayed on the tile seem to immerse the viewer directly into the water. It is a spectacular, realistic piece of artwork for you home that can be framed, installed on a wall, cabinet or inlayed on a table. My favorite rendition of Guy Harvey’s tile art is â€Å"El Viejo†. This piece of a...

The Battle of Fallen Timbers essays

The Battle of Fallen Timbers essays The Battle of Fallen Timbers was the key to opening up the Northwest Territory in 1794. There was native unrest in the area and settlers were being killed. Two Generals failed in their attempt to clear the area. The third General, Anthony Wayne, would not fail. This series of events led to the Northwest Territory being more widely settled as well as the eventual statehood of a number of different states. The story of Fallen Timbers begins prior to the actual battle. Colonists had begun to settle the territory before soldiers were able to enter and to move the Native Americans out. The Indians were killing many American citizens. The Indians were not the only group behind the attacks on the American citizens. The British were training, equipping, and giving tactical advice to the Indians (Phelps 4). In the Treaty of Paris of 1783, between America and Britain an agreement was made to allow the British to garrison forts within the Northwest Territory. They were permitted to do so until America settled its differences with the Indians that helped the British in the Revolutionary War. Fort Miami, a British fort, was established in the Northwest Territory. The natives regarded the Ohio River as the boundary between America and their land (Preservation Commission 1). The actual border that was established by the Treaty of Paris was the Great Lakes. The Great Lakes were to be the border between British territory and the American. The British did not want to give up their stake in the Northwest Territory since it was important for the fur trade (Pratt 2). Prior to the Battle of Fallen Timbers, President George Washington ordered soldiers into the Northwest Territory in 1793 to subdue the Indians and push the British out of the Northwest Territory. President Washington first looked to General Josiah Harmar to lead an expedition in pursuit of the goal into the Territory. Harmar was ambushed and his army was quickly des...

The Magic Tree House Book Series by Mary Pope Osborne

The Magic Tree House Book Series by Mary Pope Osborne The Magic Tree House series by Mary Pope Osborne has been popular since the first MTH book for young independent readers, Dinosaurs Before Dark, was published in 1992. By August 2012, there were 48 books in the series for independent readers, 6 to 10 or 11 years old, as well as 26 companion research guides (Magic Tree House Fact Tracker nonfiction books) for some of the books in the series. The Adventures of Jack and Annie All of the books in the series center around the time travel adventures of brother and sister Jack and Annie, who live in Frog Creek, Pennsylvania. The two discover a magic tree house in the woods by their house. In books #1 to 28, Jack is 8 years old and Annie is a year younger. Thanks to the book-filled magic tree house whose books have magical properties and whose owner, magical librarian Morgan le Fay provides them with exciting missions, the two have many exciting adventures. Each book focuses on a subject and story designed to pique the interest of young independent readers. The subjects and time periods vary widely, which means that there will most likely be some, or many, of particular interest to your child. The Basics Magic Tree House books #1 to 28 are generally between 65 and 75 pages long and target children 6 to 9. The reading levels are mostly between 2.0 and 2.4. The books are divided into brief chapters, each of which has one or more intriguing illustrations by Sal Murdocca, the illustrator for all of the MTH books. Teachers and parents looking for specific information about a variety of reading level measures for the books, as well as curriculum connections and lessons plans, will find Mary Pope Osbornes Magic Tree House Classroom Adventures Program site a valuable resource. Your children will enjoy the games, activities and fun, all related to books in the series and the subjects they cover, at the Random House Magic Tree House site. While you may want to have your child start with the first book in the series, which introduces Jack and Annie and enables your child to experience time travel via the Magic Tree House for the first time right along with Jack and Annie, its not necessary to read the books in a particular order. A prologue at the beginning of each book provides the necessary background information. However, to provide incentive for kids to keep reading, there is an overarching mission for each four books, but it is still not necessary to read even each of those books in a particular order. To give you an idea of a mission, in books #9 to 12, Jack and Annie have to solve four ancient riddles, one in each of the books, but since each of the books can be read independently, it will be up to young readers (or their teachers) to decide whether or not to read the books in groups of four. The books are available in paperback, library binding, and as audiobooks and eBooks. A full set of books #1 to 28 in the Magic Tree series is also available in paperback. Individual books are also available, as are books in sets of four. Benefits of a Good Series for Young Independent Readers In order for children to learn to be fluent readers, with good comprehension skills, they need to read a lot. When children are relatively new readers, they need to concentrate on decoding each word and comprehending what they are reading without a lot of distractions. It helps if they can find a series they like at a reading level they can comfortably read. Why? Every time they start a new book in the series, they dont have to get used to new main characters, a new story format, a different style of writing or anything else that would distract them from just enjoying the story. Its this enjoyment that will bring them back for more and more stories, which will help them become fluent readers. It also helps a lot to talk about the books with your children. Ask them to tell you about Jack and Annies latest adventure, what it was all about, and what they learned. For kids who prefer nonfiction or who want to know more about the subject of the Magic Tree House book they just read, see if there is a Magic Tree House Fact Tracker nonfiction companion research guide. Book List of Books #1 to 28 in the Magic Tree House Series Note that a CNB (for companion nonfiction book) at the end of each book listing means that there is a Magic Tree House Fact Tracker for that book. Dinosaurs Before Dark, Magic Tree House, Book #1 - CNBThe Knight at Dawn, Magic Tree House, Book Book #2 - CNBMummies in the Morning, Magic Tree House, Book Book #3 - CNBPirates past Noon, Magic Tree House, Book Book #4 - CNBNight of the Ninjas, Magic Tree House, Book #5Afternoon on the Amazon, Magic Tree House, Book #6 - CNBSunset of the Sabertooth, Magic Tree House, Book #7 - CNBMidnight on the Moon, Magic Tree House, Book #8 - CNBDolphins at Daybreak, Magic Tree House, Book #9 - CNBGhost Town at Sundown, Magic Tree House, Book #10Lions at Lunchtime, Magic Tree House, Book #11Polar Bears Past Bedtime, Magic Tree House, Book #12 - CNBVacation Under The Volcano, Magic Tree House, Book #13 - CNBDay of the Dragon King, Magic Tree House, Book #14Viking Ships at Sunrise, Magic Tree House, Book #15Hour of the Olympics, Magic Tree House, Book #16 - CNBTonight on the Titanic, Magic Tree House, Book #17 - CNBBuffalo Before Breakfast, Magic Tree House, Book #18Tigers at Twilight, Magic Tree H ouse, Book #19 Dingoes at Dinnertime, Magic Tree House, Book #20Civil War on Sunday, Magic Tree House, Book #21Revolutionary War on Wednesday, Magic Tree House, Book #22 - CNBTwister on Tuesday, Magic Tree House, Book #23 - CNBEarthquake in the Early Morning, Magic Tree House, Book #24Stage Fright on a Summer Night, Magic Tree House, Book #25Good Morning, Gorillas, Magic Tree House, Book #26Thanksgiving on Thursday, Magic Tree House Book #27 - CNBHigh Tide in Hawaii, Magic Tree House, Book #28 - CNB

The Case Study of Blue Cloud Adapting Agile Research Paper

The Case Study of Blue Cloud Adapting Agile - Research Paper Example It is thus suggested that assessments of company output, proper dissemination of pros and cons of changes, and even input from all concerned members be taken into account before continuing or discontinuing the improvements in work structure or programs within an organization or company. Â  1. The first year of using Agile at Blue Cloud created a mix of approving, dissenting, and passively uninterested voices, which lead to the confusion of the CEO, Shel Skinner in whether the changes made in the company were proper or not (Spector, 2012). The events were suggesting that the implementation of the new software program may have been rushed, which could have risen from the lack of reviewing Lewin’s process of change. While the changes were made of good intentions for improving the methodology of software development, it might have been that some steps in implementing successful changes in management or in company work protocol have been bypassed, and later caused some dissatisfaction within the group (Paton & McCalman, 2008). Based on the reactions of some employees, it could be possible that the need for changes were not fully explained to some employees, and that the improvements of the old methods versus the new methods may not have been clarified to most emp loyees, especially among those which were more focused on planning than reacting to necessary work modifications. Lastly, employee feedback during the course of the implementation may not have been valued as some commented that there some aspects of the company remained unchanged (Spector, 2012).

Article Review Research Paper Example | Topics and Well Written Essays - 750 words - 1

Article Review - Research Paper Example The research question of this study is: What do current advances in genetic research say about the genetic causes of intellectual disability and autism, and what are some of the effective tools of diagnosing intellectual disability and autism? This paper reviews this article through describing its research design and findings, as well as identifying flaws and relevance of the study in society and understanding human development. This study did not explain its research design, and it does not specifically ascertain whether it is a systematic review or meta-analysis. After reading the article, it is inferred that it is a basic review of existing studies on the genome of autism and intellectual disabilities. The sampling of articles came from respected journals. It is possible that Feero et al. (2012) conducted the study using peer-reviewed journal databases and it reached its findings using relevant themes and recurring outcomes. The research findings of this article explained the pote ntial genetic causes of intellectual disability. The article explained copy-number changes, deletions, and duplications. A copy-number change refers to the deletion or duplication of an elongation of DNA as compared with the reference human genome. Feero et al. (2012) used research that stressed that some patients with syndromic kinds of intellectual disability showed deletions in the same chromosomal region, where normal cohorts would have a different number or set of chromosomes. These researchers stressed the identification of specific copy-number changes in affected patients, when compared with control subjects, where they showed that novel microdeletion and microduplication syndromes were connected with intellectual disability and autism. For three studies that this article used, they determined that heterozygous deletions of 17q21.31 were connected with moderate-to-severe intellectual disability, hypotonia, facial dysmorphic features, occasional cardiac and renal abnormalities , and seizures. These deletions were not present in healthy control subjects. This article also noted that deletions of 16p11.2 were present in around 1% of those with autism spectrum disorders, but these deletions were also related with intellectual disability with no autistic features. Feero et al. (2012) recommended physicians to conduct chromosome microarray analysis and not the usual standard karyotype analysis, when conducting early diagnostic workup of children with developmental delays and intellectual disability. Feero et al. (2012) also showed that there is a significant overlap among the copy-number changes that have been determined for intellectual disorders. Studies showed microdeletions of 15q13.3 that are related to intellectual disability, autism, and schizophrenia. Moreover, microdeletions of 1q21 are connected with autism, schizophrenia, and epilepsy and, most frequently, with intellectual disability. This article also noted studies that analyzed genes on the X chr omosome, partially because X-linked forms of intellectual disability can be passed on through unaffected females in families, permitting pedigree analysis. Moreover, mutations in PTEN are linked with autism and macrocephaly in some patients and mutations in SHANK3 have also been determined. Feero et al. (2012) highlighted the importance of sequencing of the protein-coding parts

Contemporary Issues in Marketing Essay Example | Topics and Well Written Essays - 4000 words

Contemporary Issues in Marketing - Essay Example This paper is about contemporary issues in marketing from the perspective of three companies in the public, private and not for profit sectors. The three companies selected for this paper are Pfizer (Private), Social Security (Public) and WWF – World Wild Life Fund for the nonprofit sector. Every business should understand that, the customer comes first under all circumstances; it does not matter whether the customer if right or not but every business should follow the rules of customer care. The first rule states that, a customer is always right. Retaining an already existing customer is more than ten times cheaper than getting a new one. One of the effective ways of winning competition is gaining customer loyalty. The best way of building a brand name is ensuring that the customer is satisfied and his or her are expectations met. At first glance, customer relationship management seems just another name for customer relationship management. But customer knowledge management requires a different mindset along a number of key variables. Customer knowledge managers first and foremost focus on knowledge from the customer, rather than focusing on knowledge about the customer, as characteristic of customer relationship management. In others words, smart companies realize that corporate customers are more knowledgeable than one might think, and consequently seek knowledge through direct interaction with customers, in addition to seeking knowledge about customers from their sales representatives (Christopher & Ballantyne, 1991). Similarly, conventional knowledge managers typically focus on trying to convert employees from knowledge hoarders into knowledge sharers. This is typically done by intra-net based knowledge sharing platforms. The use of ICT for participatory purposes in general is seen to be more likely to occur in contexts that are less affected by the issues of digital divide. Studies on the digital divide

Grid connected solar electronics Essay Example | Topics and Well Written Essays - 1750 words

Grid connected solar electronics - Essay Example Most of energy on earth that sustains life is the energy from the sun, which is sunlight. It is through this energy that photosynthesis occurs, that is food for the plants. The plant is after its maturity food for the human beings mostly and some animals that are not carnivorous (Chitode, 50). We have very many electronics at home all that use power and most of them cannot operate without power except for those which can store power for some time to be used when there is no power. It is therefore very important to ensure that those electronics are safe, not from thugs but from too much power fluctuation that can shot circuit them (Chitode, 208). The power system is therefore can be controlled so as to avoid such damages. The electricians use what we call circuit breakers. This controls the amount of power that can be used and when it exceeds the power goes off. This way the electronics will not be at risk (Chitode, 40). A power factor correction can also be installed, since it the connection between the running power and the actual amount of power being used, the power factor correction will show whether there is too much power being used and therefore correct it. It minimizes the chances of power fluctuation. Green building is therefore as it is being encouraged, using as less energy as possible. This is where solar energy comes in (Chitode, 50). A source of power that is natural and free. The only thing one needs is solar panels that are used to convert sunlight energy into electricity power. The solar panel contains the solar cells and solar photovoltaic. The solar cells and the solar photovoltaic convert sunlight energy into electricity energy for usage since one cannot use it directly. The energy is renewable, and that is the most advantageous use of it (Chitode, 96). There are very many types of materials that contain the solar photovoltaic found in the solar cells. This makes it even cheaper and can almost be

Brain Fingerprinting 302 WK5 Essay Example | Topics and Well Written Essays - 500 words

Brain Fingerprinting 302 WK5 - Essay Example According to Daubert guidelines, new questions would be answered before fingerprints could be entered into evidence. Due to this decision, the court had to introduce five criteria that had to be achieved before evidence could be considered scientific. The first question that must be answered concerns peer review, and sound methodology. The second question involves a known error rate, the third involves testable hypothesis, fourth involves application outside of legal proceedings, and fifth question involves general acceptance (Hensen, 2006). Brain fingerprinting continues to face challenges regarding twins. Twins have the same DNA, but different fingerprints. In addition, the main challenge to brain fingerprinting lies in the fact that there is a lack of universal standards for comparing fingerprints. Several mismatches of partial fingerprints have been encountered (Hensen, 2006). This criterion involves using a particular scientific technique. In other words, it shows the likelihood of being wrong in the case whereby the scientist has asserted that alleged crime has a particular effect. The known potential error should be small, about 1-5 percent (Roth, 2010). This criterion measures the extent at which the actions of the scientist produce results that are scientifically knowledgeable. Appropriate hypothesis testing techniques must be used on questions of interest to the scientific community. The general hypotheses testing techniques must be accepted after undergoing scrutiny by the scientific community (Roth, 2010). The theory must be peer reviewed before publication. The scientist’s peers must scrutinize the work before being published. This is the only ways objectivity of the fingerprinting can be achieved. After publication, the work is then expected to undergo further review by other experts (Roth, 2010). The hypothesis testing method should determine whether the

IAS 17 Leases Essay Example | Topics and Well Written Essays - 1750 words

IAS 17 Leases - Essay Example This accounting standard is quite comprehensive in its nature such that it encompasses different aspects of leases in a very detailed manner. This section briefly analyzes 1) Scope of IAS 17, 2) Classification of Leases, 3) Accounting by Lessor, 4) Accounting by Lessee, 5) Disclosure Requirements for Lessor and, 6) Disclosure Requirements for Lessee. 1. Scope of IAS 17 The applicability of IAS 17 rests with all the leased assets except the following assets: †¢ Natural regenerative resources including oil, gas and other minerals †¢ Licensing agreements in respect of videos, manuscript, copyrights, brands, films, games etc. †¢ Investment property valued on fair value basis by lessee under IAS 40 †¢ Investment property considered as operating lease by the lessor under IAS40 †¢ Biological assets considered as finance lease by the lessee under IAS 41 †¢ Biological assets considered as operating lease by the lessor under IAS 41 2. Classification of Lease Lease s are generally classified into either finance lease or operating lease. The major distinguishing factor between a finance lease and an operating lease is the transfer of substantial risk and rewards even if the ownership is not transferred. It is important to note that the classification must be made before the commencement of the lease. The major criteria for the finance lease is as followed: †¢ At the expiry of the lease term, the ownership title is transferred to the lessee. At the inception of the lease the lessee has been provided the option to purchase the leased asset a price lower than the fair value of the asset, and there is likelihood that the option would probably be exercised by the lessee. Leased asset is provided to the lessee for a major part the useful life of the leased asset. The present value of the minimum lease payments (MLP) should be approximately equal to the fair value of the leased asset at the inception of the lease. The leased assets can be used by the lessee without any significant modification in the asset due to its specialized nature. 3. Accounting by the Lessor The following accounting treatment is provided under IAS 17 for the recognition of the leased assets by the lessor: There are three major recognition criteria should be used by the lessor in respect of accounting for lease. The criteria are highlighted as under: Finance lease should be recorded by the lessor in the balance as a receivable. The amount of the receivable should be approximately equal to the net investment made in the lease by the lessor. For finance lease, the income earned from the leased asset by the lessor should be presented as a constant rate of return of the outstanding amount of the lease by lessor. For the case of operating lease, those leased assets should be recognized in the balance sheet according to the nature of the leased asset. The income earned in respect of the operating lease should be recognized on straight line basis over the lea se term of the leased asset or on the basis of any other suitable and systematic criteria. 4. Accounting by the Lessee The following accounting treatment is provided under IAS 17 for the recognition of the leased assets by the lessor: In respect of the finance lease, the