Kuwait Women Essay Example | Topics and Well Written Essays - 750 words

Kuwait Women - Essay Example But, gradually, the authorities have noticed that the country with abundant human resources is facing workers' shortage in many strategic positions in the country. The government has invested a sizeable amount of money solely for the education of women in Kuwait. These initiatives had paved the way for the commencement of many developmental activities targeted towards women in the country. In the past there were stories about Kuwait women which had become hot news in the country's media. The same media is now reporting that Kuwait women are revolutionizing the role of women in the country's growth and prosperity. The recent years have proved that Kuwait has also some women leaders like that of other countries. In 2006, Vital Voices Global Partnership recognized seven Kuwaiti women at the Annual Leadership Awards as honor for their historic achievement. Their profile is briefed below: She is a professor of sociology and has been active in protecting the right of women in the country for 35 years. She is now trying to make the next generation Kuwaiti women and men to be more politically aware and active She is the first to forward request to the Parliament in 1971 of the women's political rights. She is the founder of Kuwaiti Women's federation, started an Arabic Magazine and first female Kuwaiti television director. She was recently honored by the National Council for Culture, Arts, , and Literature for a life time of achievement. Lulwa Al-Mulla She is the Secretary General of the Women's Cultural and Social Society. She led the efforts of Kuwaiti women to file a petition to the Kuwaiti Government seeking to attain the voting right. She had traveled throughout the world and has been maintaining good relations with many world leaders to find remedy for many conflicts Fatima Hussien Al-Essa Al-Qanaie She is one of the first Kuwaiti women to be educated outside the country and the first to work in Kuwait's Minster of Foreign Affairs. Moreover, she is a renowned writer and one of the top television and radio host. She has been known for her continuous efforts to bring marginal issues of Kuwait women to mainstream. Dr. Rola Dashti She is a women activist in Kuwait, fighting for gender equality and increased role of women in public life. She has been recently been listed as one of the fifty most powerful Arabs. She was the first women to declare her candidacy for the 2007 election in Kuwait. Ghada Al-Khalaf She is an MBA graduate from an International University, representing the future generation of Kuwait. She founded the Youth and Graduate Committee of Kuwait, an origination that works for augmenting the political awareness among the youth. Lulwa Abdelwhab Eassa Al-Qettami She is known as the mother of Women's Movement in Kuwait. She has served as the first Dean of a Women's College. She is famous for the controversial liberalization of women from wearing abaya in 1963. She was selected for her endless effort for Social Work and Volunteerism in the Arab world as the Arab Woman for the year 1987. Work Cited Fattah M. Hassan. 2006. First Time Out, Kuwaiti Women Become a Political Force. 23 November, 2008. Women Leaders of Kuwait. (n.d.).Vital Voices Global Partnership. 23 November, 2008 http://www.vitalvoices.org/desktopdefault.aspxpage_id=724

Marketing plan for Speedo in the U.K market Assignment

Marketing plan for Speedo in the U.K market - Assignment Example In relation to the study the company which has been selected is Speedo International Limited (Speedo) as a world’s top selling swimwear brand. The heritage of the brand derives from its leadership in swimming where Olympic Gold Medals has been won by swimmers who wore Speedo swimwear. Speedo is a manufacturer as well as the distributor of swim wear and accessories related to swimwear. The company was founded in Sydney near Bondi Beach in Australia in the year 1928. In today’s date the company is a subsidiary of Pent land Group Plc. The brand is known for its innovation in the past and continues to be innovative. Some of the examples of its innovation are such as; Speedo has introduced the racer back suit, the first non wool suit which allows greater freedom of motion. It was the first innovation made by the brand in 1920s and since then the brand has lived up to the expectation of the people, investors, customers and all other related people. It continued its process of innovation in swimwear. In the year 1950 the brand had introduced its first water short which was made of Nylon, again in 1970s it launched swimwear made of Nylon as well as Elastane. In 1994 the brand manufactured first chlorine resistance fabric followed by fast skin swimsuit in 2000. 2008 marked a new era when Speedo’s new LZR racer Elite which was led by Michael Phelps broke all the records and won eight gold medals in the Beijing Olympics. Thus Speedo has been a true innovator and has acquired a real position in the minds of the target customers. The marketing plan conducted on Speedo aims to understand the marketing plan conducted by Speedo for three years in the UK market. The marketing plan would take into consideration factors such as micro and macro environmental factors which would help to know the internal and external driving forces. The SWOT and TOWS matrix would help the company analysis its strength, weakness, opportunities and threat and link each factor wit h one another. Apart from the above factors the marketing plan would take care of the marketing mix based on UK and how to make Speedo the top most company in UK and parts of UK. The marketing strategies which are utilized by the company have also been discussed. Thus the paper holds on to the marketing plan of Speedo in the UK market particularly in two markets, Birmingham and Liverpool. Environmental Appraisal The environment appraisal would take into consideration the micro environment and the macro environment which are necessary for analyzing the environment and accordingly the organization can act to bring in about the changes required for an effective operation. The environmental appraisal is much more effective in case when the organization decides on setting up its business in other countries, when the organization tends to adopt the expansion plan. Speedo is based on USA and is planning to expand in UK, thus the macro environment will be based on UK. Figure 1: Micro and Ma cro Environment (Source: Trehan & Trehan, p.7) Organizational Environment The organizational environment consists of the products and services offered by the organization, finance, marketing, production, the organizational structure, management style and location are the

Discussion about the Play “A Raisin in the Sun” Essay Example for Free

Discussion about the Play â€Å"A Raisin in the Sun† Essay If the dreams between people clashed in a way that their desires are going towards different unparallel directions, will it be a significant factor that can suggest that the dream will no longer be achieved? Or will it remain to be a matter of what to do and dependent with the ability to adapt with all the situations – To create a new one or to stay as a victim of the failure that happened? Moreover, it can be the test of whether the dream will be created by a person or the situations like failures will create the dreamers. Either way, it is up to the dreamer which one he will allow to happen. The play A Raisin in the Sun portrayed a family bound with dreams, subjected for possibility and risks of failures and tended to stand up once again to bound themselves again with different dreams and start all over. Situations had become too oppressive that they found themselves sometimes, in the midst of dilemmas that are more likely to be considered as lack of options. Each members of the family has repressed wish that distinguished their character from another. In a way, this is the typical American family with their economical and social structure and reacting normally with the involvement of the other big factor that made the twist of the story – the factor of Money. With the flow of the story, the struggles the family had in dealing with their situations after the death of the father caused them to create the ideal situations in their head of what needs to be done. There remained their intentions to have better life for their family and better life for themselves individually. This later tested their grasp with their family ties. With the individual conception of what is good, what can only go wrong is the inability to be in alignment of what you wanted with what other family members wanted. It can also become a consequent question of whether you hold fast to your dreams or hold on to the bigger picture of what needs to be done as part of the family (Mintz and Kellogg 38). The characters of the play supplied the dreamers role and collectively, a set of contrasting roles carrying ideas and subjects. Set in mid 1800’s, the story was centered in the dreams of the Younger Family and clashes with prejudices that the characters had as they strive to have a better position in their community as a whole. Perspective to be used in the Analysis There are schools of thoughts that are highly applicable with the study of the family being portrayed in this play written by Lorraine Hansberry: first, we can see it in the perspective using functionalism or second, it can be through interactionism. Later, this will be used to reveal how the dreams are being formed and what the motivations that determined the creation of these dreams are. These are the schools that traced the families in America with their way of being developed, managed and designed. The material variable in the family structure can be seen through the role they are playing and be analyzed objectively. Also, we can also see it from the perspective of an interactionist who is primarily concerned with the way the people are acting in response to other people or situations. Yes, these schools have difference with the primary objects of their concern, but essentially they contribute with the thorough understanding with the functions and interactions aspect of a family (Hamilton 47). It can give us the ideas of where the dreams of the characters in the story are actually directed. The Dreamers, their Motivations, and the Clash It all started with Ten Thousand Dollars. The characters of the play provided the audiences with the humanistic range of possible thought process that can be derived from a single source of stimulus. There was an emphasis given earlier with the role of Money in this story for this is the stimulus that moved the characters to make their stand. The money pertains to the $10,000 insurance amount that Lena Younger, the maternal character not just a mother figure, got after her husband passed away. Lena is also called Mama in the story and she possessed the maternal qualities that exhibit a picture of a loving, caring, and understanding woman. Such a woman only has one goal in life – To make her children happy or happier with all of her ability. The material figure that conveyed this goal of Mama is the house that she bought for $3,000. It symbolizes the unity, stability, and economical status that she believes to be important for her family (Morrin and Hansberry 35-38). The picture of the house portrayed the whole dream of Lena. It extends from the social ground of its manifestation to the subtle emotion a mother could possibly feel. This dream clashes with her son’s concerns. Walter, the son, has concerns about the Money that can be categorized as the dream for continuous economic stability of the family. When it comes with the nature of his character, he can be the figure that represents masculine authority of the story. He supplied the protagonist role but with his racial prejudices paired with his conflicts while performing both role of a son and a husband makes him supply his own contrast as an antagonist. Walter became not excited about the house bought by Mama. He has ulterior motives for the money and had a clear image in his mind on what to do with the money. For quite a long time, he has a dream of participating in a business involved in Liquor products (Morrin and Hansberry 47). As a masculine role, the story puts more authority in Walter’s hand as he got the control over the Insurance money and managed it. Lena put his trust on Walter and this shows how Lena is more than willing to give whatever her child wants. Though this doesn’t show any touch of negligence in her part. The acquisition process of the dream in this context doesn’t have any conflict yet. The conflict happened with the aftermath of the decision that placed Walter in the position of higher authority with the Money. The first clash of dream is done with the two given characters and the structure of both dreams must be observed carefully. We can notice the function of money ranges from how it fueled the quest for the dream to the conflict the two characters had. The conflict didn’t last since one of these two dreams was restructured. Lena, whose dream is to provide what her children wanted still managed to achieve it in a way by fueling Walter’s procedure of achieving his dream. There was a conflict because the functions of the house Lena bought don’t go with the alignment of Walter’s dream. It was settled because Lena followed that alignment as a response without violating her desires that is basically structured solely for the happiness of her children. The other child of Lena is Beneatha, the twenty year old woman, who had dream of being a physician. She is considered as intellectual and also an ambitious college student and required Money for the matriculation of the course. The conflicts Beneatha had are related to the money she required for her education and this is directed to Walter who has the control over it. Her sole dream of becoming a doctor will be compromised without the money. She got mad at Walter when she learned that Walter did not put any amount for her study. It seems like a big turnaround from all of her aspirations and she went depressed. This clash is apparently hard for Beneatha since, if money is the fuel for her actions in making her dreams realized, then it is a big contrast to have none of it. Her dream almost vanished. How did she turn out to continue seeing hoe despite of what happened? There is another character named Asagai who became the voice of realization. He made Beneatha realized the key thing about this vision of the dream she formed in her head. The dream had already been in her thoughts even prior to the death of his father, so it means that equating money to her dream is a big nuisance. It would be similar to the terrible equation of his father’s death hand in hand with the money. This showed that there remained to be ways on how it could be fulfilled without that so-called fuel of money. It can be money coming from different source instead. Beneatha realized this important thing, found her hope, continued dreaming. With the structure of their dreams, it is apparent that money equates house, then money equates liquor store and finally, money equated matriculation. With its many form, money remained to be the prime motivation that was shown in the play. The big question would be, along this clash of dreams, for how long can money control or determine the actions of the characters? On the mid part of the play, Walter was betrayed by his business partner leaving him with no money. There came the confrontations with Walter and the other characters especially with his wife, Ruth, who was also driven by dreams of having financial stability. It made them start from the scratch and all realizations that they need were established. Money is just a motivation but never a determinant of the quality of life that a harmonious family could have. Moreover, the dreams are manifestations that we are living while seeking whatever we want out of life. Money is not much important although, yes, it rates reasonably as oxygen. Lorraine Hansberry’s approach in tackling the concept of American dream showed that Money can either be seen as a fuel or an obstacle. The dreams that we have though is a picture of what we can do. At the same time as what we can see in the play is the motivation that money can give us but it doesn’t match the quality of motivation that important people can give. Works Cited Hamilton, Peter. Reconsidering Blummer’s Corrective Against the excess of Functionalism. Talcott Parsons: critical assessments. 4 (1992), 47-49 Mintz, Steven and Kellogg, Susan. Domestic revolutions: a social history of American family life. New York: The Free Press, 1988 Morrin, Maxine and Hansberry, Lorraine. A raisin in the sun. USA: Research and Education Association, 1994.

The Implication of creative accounting on the firms

The Implication of creative accounting on the firms This project will explore several definitions of creative accounting and the range of reasons for a companys directors to engage in creative accounting. It explores the nature and occurrence of creative accounting practices within the context of ethical considerations. In addition, it considers the various ways in which creative accounting can be found and summarizes some empirical research on the nature and incidence of creative accounting. The role of the auditors in detection creative accounting is discussed, drawing evidence from several empirical studies. Then, it will illustrate the source of data, the sampling method and the data analysis technique that had been chosen for this research. Finally, the paper concludes with the analysis of possible solutions for the creative accounting problems. Chapter 1 Introduction Manipulation of financial information is known by several terms. In USA the preferred term and widely used is Earnings management whereas in Europe the favored term is Creative Accounting and also this term will be used in this study. The term can be defined in different ways. However, primarily it is a process whereby accountants use their knowledge of accounting rules to manipulate the figures reported in the accounts of a business. Further definition will be explored later in this paper. Creative accounting occurs when managers involve in changing the accounting figures to alter financial reporting. The motive behind the alteration is either to mislead stakeholders about the poor performance of a company or attract new contract and investment that depend on figures in statements. This research will apply the previous study in some scandal cases, such as Enron to find out whether it has same motive as mentioned by other authors. In addition, it will show the way in which managers have used creative accounting to committed fraud. The rest of study is organized as follows. In chapter 2 the literature is reviewed to pinpoint certain definition of creative accounting and explore the motives behind creative accounting. In chapter 3 the research method is employed to identify the relevance of creative accounting to Enron annual reports. In chapter 4 the paper will discuss major finding, recommendation and conclusion of the study. In chapter 5 different sources of the study will be listed including articles, journals and so on. Rationale of study: Many fraudulent cases had been found in the past few years. These scandals had been made by directors and managers of the organizations. There are numerous victims who suffered from misuse of the position starting from shareholders, going towards employees and end up with societies. Although most of these organizations have been audited by external auditors, the fraud has been occurred within the firms. This is because the auditors give only a reasonable assurance of their view on the financial statements and even some of them involved in fraud like Arthur Andersen. There are many people who are still not aware of how the company may use creative accounting in manipulate the accounting figure and hence committed fraud. This paper will explore the ethic and the way of using creative accounting providing with practical example. Aims and Objectives: To understand the meaning and explore definitions of creative accounting. To explore several reasons or motives of the using CA by companys managers. To list and explain the techniques of creative accounting. To understand the role of auditors and responsibilities in deduction of CA. To identify whether the auditors (both external and internal) play role in minimizing the CA in corporation. To find out the implication of CA on the countrys economy. Limitations of Study The research had successfully obtained the financial statements of Enron Corporation for four years started from 1997 till 2000. However, there was failure in collection the adjustment reports figure except for income and long term debts. These missing figures might be important to use in methodology for accurate judgment. Furthermore, the time to accomplish this study was slightly short to collect some important data for this research. Chapter 2 Literature Review There are various scholars who defined creative accounting (CA) in different views. These are as follows. Involves the repetitive selection of accounting measurement or reporting rules in a particular pattern, the effect of which is to report a stream of income with a smaller variation from trend than would otherwise have appeared. (Copeland, 1968) Is any action on the part of management which affects reported income and which provides no true economic advantage to the organization and may in fact, in the long-term, be detrimental. (Merchant and Rockness, 1994) Whereby the true financial performance of a company is distorted by managers for private gains (Klein, 2002) It has noticed that although scholars from different decades had defined the CA, they agree the basic concept of CA which is use knowledge of accounting rules to manipulate accounting figure to show the faulty result of the organization performance. The reasons and motivations of creative accounting Various authors have studied about the issue of management motivation towards creative accounting. There are many reasons. One of these was mentioned by: Shafren (2009) concluded based on his analysis of Satyam Company that the stakeholders are interesting on companys financial statements because there are mean to show how the firm is performed and its position in market. Therefore, managers try depicting these figures in such way to send positive indicator to the investors. The investors always attracted if annual statement is superb. Thus, to express this view mangers aim to modify the statement by means of tricks of CA. In other hand, the directors also have their own reasons as their bonuses may decide in proportion with the profit they made or reported. Lttner et al (1997) have also agreed that when the manger bonuses and stock options are depend on the company performance there is likely that the manager modify the figures upward to get the desired result. other motivation was mentioned by Dharan and Lev (1993) who Showed in their study of The valuation consequence of accounting charges that an organization used CA when its share price started to fall following the increase in share price which it reported previously. This reason arises when company face great pressure from a variety of obligations and constraints based on amounts reported in statements. For example: based on survey of US bank managers, they found that when a new bank manager hold responsible for an entity there is inspiration to adjust loan provision so he makes sure that any losses occurred by previous manager can be covered from this provision. Whereas Beatty and Harris (2001) said that mangers may manipulate the accounting figures in such way to reduce the burden of tax levies or to allow them to pay lowest possible income taxes by providing that the cost involved is less than the income tax benefit. Niskanen and Keloharju (2000) agreed in their research of earning cosmetics in a tax-driven accounting environment: evidence from Finnish public firms which is based on European companies that the corporate tax could be the reason for CA used by managers of the company. These are some of common motives for CA. However, the most noticeable motives are modifying the accounting figures to show positive indicator to investors and downward the firm income for tax purpose. Therefore, stakeholders should at least to be aware of these two areas. If there were more independent directors in the board then there will be less motivation or even it can be eliminated. Therefore, the best way in elimination this practice is not to know the ways that can be occurred but to appoint more independent directors. Techniques of creative accounting Largay (2002) wrote in his article of Lessons from Enron regardless of the high regulation exist in some countries like USA, the accounting environment afford great flexibility. The potential way for CA and the techniques can be found in certain areas. One of the techniques which can be used in CA as mentioned by Schipper (1989) is flexibility in regulation. He added in the article of Commentary on creative accounting that accounting regulation provides a great flexibility in choosing any policies that are set by International Accounting Standard Board, for example it allows the non-current assets to be valued either at historical cost or at revalued amount. Thus, if management decide to change policies of the company it may easy to deduct in the year of change but it is much difficult to be identified after sometimes probably after few years. Another point is the lake of regulation in some area existing in almost every country. AS it can be seen in Romania and Spain where there are few mandatory requirements for stock option and recognition of pension liabilities. CA can also be finding as the discretionary position of the management that may used in some items to obtain stability in financial position. This had explained by McNichols and Wilson (1988) that manager may decide to increase or decrease the provision of bad debts to adjust the desire result. The timing of some transactions also offers mangers the opportunity to increase the revenue and give an impression result when net profit is not adequate. For instance, company has an investment in historical cost which can be sold at current value (i.e. at higher value) where operating profit is showing an adverse figure. The third technique mentioned by the author is the artificial transactions that are usually use to manipulate balance sheet amount or to move the profit figure between accounting periods. This can be achieved by entering the related transactions with third party like a bank. Suppose an arrangement had made with bank to sell the asset to bank and lease back the same asset for the entire of its useful life. The arrangement consists of selling the asset at lower or higher value than i n an uncontrolled transaction and the compensation is from the difference of rental price. The another technique had explained by Gramlich et al (2001) in which they said that firms may attempt to manipulate balance sheet in order to change the liabilities classification to improve liquidity ratio. Most of time this manipulation is occurred to improve the investors perception. Although there is not much difference between 298 million and 301 million, investors perceived the latest amount more than the earlier one. The International Accounting Standard had been created to reduce or even eliminate the accounting fraud that is occurred by the management of the organization. However, sometimes IAS unintentionally play role in committing fraud by providing different ways of treatment of an item in financial statements. All of the techniques have one motive which is to makes FS more attractive on the view of stakeholders. The role of auditors and their responsibilities After many alleged scandal cases occurred in last decade, many individuals, such as shareholders have lost confidence on the audit firms. They are wondering the responsibility of the auditors in deduction the fraud and whether they played key role in committing fraud. According to Audit Committee Institute (2007) auditors should be aware of all circumstances that lead the firm to face a pressure from both within and outside the organization and thus, encouragement firm to involve in inappropriate earnings management (creative accounting). The independent audit should be often alert of the possibility occurrence of CA and should deeply understanding the companys processes in modifying accounting policies, estimates and judgments in order to assess these processes. Donaldson and Palmer (2003) were mentioned in conference the role that auditors played in accounting scandals of Enron and WorldCom. The auditors failed to resist pressure faced by the manager and therefore, accept the misleading financial statements i.e. they involved in fraud. Auditing may depend on external sources to verifying data. However, if the employees of the company have an intention to defeat the auditing function, they can cooperate with individuals outside the company, so even the best auditors will be unable to protect investors from such conduct at all cases. The role of auditors in minimizing the CA in the firm It had mentioned above how the auditors were involved in corporate scandal. However, internal and external auditors are also play role in at least to minimize these scandals when the audit standards, accounting standards and ethical code of conduct have been properly used. Ebrahim (2001) had mentioned in his study of Auditing Quality, Auditor Tenure, Client Importance, and Earnings Management: An Additional Evidence how the quality of auditors can be effective on earnings management or CA behavior. He used sample that listed in NASDAQ, NYSE and AMEX. The data was collected for 9 to 11 years. The sample included only the firms with fiscal year ended i.e. December 31. He found that the quality of auditor and the firm size had no relation with creative accounting. Amat et al (2008) argued in their empirical study of Earnings management and audit adjustments: An empirical study of IBEX 35 constituents the view of Ebrahim (2001). The sample of the study was collected from IBEX 35 index (Spain). It had collected a sample size of 42 companies for period between 1997 and 2004. The study attempted to explore the role of auditors in prevention of the creative accounting practice. As the result, this study had supported the significant role of auditors in financial market particularly in the prevention of CA practice. Clikeman (2003) mentioned in his journal of Auditors on Alert for Earnings Management that the external auditors are not only the staff who detect the CA practice but the internal auditors also have a duty and role in prevention such a practice and to comply with various requirements of the standards and Acts, such as Auditing standards and Sarbanes-Oxley Acts. The internal auditors have many measurements available to assist them in detection unethical practices. the trend analysis to find out extraordinary variations in revenues and expenses and cutoff testing which enables to monitoring sales and purchases in income statements of the company for the years end. These are some of the tools available for the auditors to detect any suspicious occurred and reported to the board. Director should be the one who should detect fraud at the first place as he is in position that allows him to access to every single part of the business. Thus, the government and the regulatory should have to improve the rules of the board of directors and management teams rather than focusing only on the auditors responsibility. Although there are many regulations for the auditors to conduct their work efficiency, there were many corporate scandals cases recently. This indicates that there are still some weaknesses in these standard and regulations. The implication of CA on the countrys economy Everyone is concerning about CA including analyst, regularities and government due to its impact not only on the firm but also on the countrys economy. The previous studies had found that the CA has a negative effect on the economy as a whole especially when it leads to large corporate scandal. One of the recent articles of these affect was by Hugh (2009). Hugh (2009) explained in his article of Creative Accounting and Italys Growing Unemployment Problem how the CA affected the Italy economy. He mentioned two types of unemployment benefits that are available in Italy. The Ordinary Redundancy Funds which applies in uncertain event, such as market crises and the Extraordinary Redundancy Fund that available in the case of bankruptcy. To benefit from this scheme, Companies cheating different states by sending their employees home under redundancy procedures and then informally re-employment and paying them under the table. The procedure will allow the firm to pay only 30% of the salary and remain will be paid by the state government. This is lead to the Italian underground economy around 15% of the total GDP for the state i.e. à ¢Ã¢â‚¬Å¡Ã‚ ¬ 300 billion per year. The firms might benefit from the aid but they are distorting the market and discouragement the future of more productive companies. Others like Bernoth and Wolff (2006) had found in their study of Fool the market, Creative Accounting that the CA increases the risk premium. They used the portfolio model of five interest differential and modified it to investigate the implication of CA on bond yield spreads between countries. The modifying process of the model had carried on by assuming that the government might used CA to make the observation of financial position of the country difficult to observe. They found that when the country discloses transparent information, the CA increases the cost of borrowing significantly (if it becomes known) especially in the case when the market is unsure the extent to which the CA exist. On other hand, Sopelsa (2010) warned in his article of US Creative Accounting could repeat Greek Tragedy that US could face the same problem as Greece heavy debt if it does not control its spending and deal with its structural deficit. This is due to the engagement in CA for years by USA similar to those that occurred in Greece. The US government did not secure the Federal Reserve and government sponsored entities, such as Fannie Mae into its financial statements. As the result, the total debt to GDP had reached to 85 percent and may going to be at 100 percent in two years. Thus, the situation would be worsening if it goes to the foreign loans. The government has to impose tight budget control, alteration social security, deal with health care costs and restructure tax system to generate more revenues. The CA would lead to economy bubble in country like US as had mentioned by Sopelsa (2010). Instead of blaming the audit firms or the companies that had been got into hot water (involved in scandal), the government should concern first why it is happening. Unfortunately, some governments are aware of what happening neighborhood or far away country but they do not see the problems in their own countries. They already knew the danger of the CA; therefore they have to find solution to avoid the fraud in the future. Chapter 3 Methodology This paper is restricted to secondary data that had collected from various source including journals (weekly and quarterly), articles, news paper, magazine, financial reports and so on. It had reviewed certain literatures which were collected from different sources (as mentioned above). Later in this chapter, the sampling, data analysis and presentation will be explored. Sampling of companies and Data collection The researcher verified a major accounting scandal that had been occurred last decade, such as Enron, Freddie Mac, Halliburton, Merrill Lynch and the recent case of Bernard L. Madoff hedge funds. These samples were randomly chosen from various cases. Last but not least, among these alleged fraud one sample had been selected which is Enron Corporation. The financial data of Enron was collected from its annual reports from the year of 1997 to 2000 (see appendix). 3.2 Data analysis and presentation The Enron Corporation US Energy Company was commenced in 1932. It became as a group of company in 1979. It employed approximately 22,000 staff in over 40 countries worldwide. It ranked in Fortune 500 as seventh largest company that operated in American, sixth largest energy Company and one of the leading company in communication, paper and pulp in the world with reported revenue more than $ 100 billion. In late 2001, Enron forced to fill up chapter 11 of bankruptcy protection after disclosed fraud and being sued by investors and creditors to claim their privileges. It was one of the largest bankruptcy cases in the US history. According to Holmes (2006) Kenith Lay (CEO of Enron) used creative accounting as a way to modify reports that allowed them to create artificial shortage by increasing prices about ten times. In this paper the financial ratios will be used to illustrate the affection of CA on companys annual reports. The ratio will be analyzed for 4 years from 1997 to 2000. Enron net income should be reduced in 1997, 1998, 1999 and 2000 by $96 million, $113 million, $250 million and $132 million respectively. It was also found that companies long-term debts should further added to the one which had reported previously. By the end of the year 1997, the additional debt should be added to give the total of $14103 million. Similarly, the extra amount of $ 561 million and $685 million should be included in 1998 and 1999 respectively to reflect the actual long-term debts of the company. The company should also add the amount of $628 million in 2000 to adjust its debts figure. These balances can be seen as follows: These were the major items which required adjustments (there were other adjustments which were not taking into account in this study). Next, it will show how the some ratios affected by these adjustments. Although the gap between the reported amounts is not much different from the adjustment balance, it is significantly important after cumulatively adding these differences for the years. Furthermore, these are information where only available at the time. There are additional adjustments required in balances for some other items, thus the gap will further increase between the reporting and adjustment balance. It can be found that the major change was in return on share capital which had reached to 2.6% of the gap between the two balances in 1999 (look to the above table). The gearing level was high especially in 1997. This indicated that company had too much debt. The debt level decreased significantly in 1999 to 65% after the adjustment that might gave to company a little hope to overcome the problem but its gearing level had increased again approximately to 70% in 2000. This explained why Enron had used CA as it wanted to hide what was going in the company. 3.3 Data presentation The below bars chart are an illustration of affection of the CA on the companys balance. 3.4 Finding It had been founded that after the adjustments in income and long term debts, there were significant changed in returns on capital and in net profit. However, there were other figures that need to be adjusted, thus the affection will be even much greater. Therefore, it leaded to misguide the public by allowing them to think that the company was in good position and it was a good investment to them but actually it was suffering from heavy debts. This was one of the companies that used the CA practice. There were other companies that exercise the CA, such as Duke Energy. As the result, there was a significant negative impact on that industry which in turn had badly affected on US. The accounting manipulation that had used by Enron affected investors much greater that what had shown above as some bogus figures were not included in this paper. Chapter 4 Conclusion and Recommendation 4.1 Conclusion Many corporate accounting scandal cases had occurred since 1980. One of the earliest scandals was an Australian Nugan Hand Banks and the latest case of Lehman Brothers and Golden Sachs. Yet, the will be many accounting scandals may the world face if nobody try to improve the procedures to prevent the CA. The paper had discussed various issues regarding to creative accounting. It had explained why the companys directors involve in CA to commit fraud. The most common reason is the one that mentioned by Dharan and Lev (1993) and it said; when the company wants to increase its share price. The paper had explained some of the techniques of CA which can be used by the firms including changes in accounting treatment, adjustments in provision of bad debts, movements of the figures between the accounting period and many more. It had also discussed about the responsibility of the auditors, especially external auditors, in corporate scandal and how to detect the potential fraud. In addition, it had also explained the role of the auditors in minimizing the risk of CA by disciplinary following the audit standards and some other regulations. The quality of auditors is also play important role in detection the fraud. Finally, the literature review warned the affection of CA on the economy. It had found that in some cases the CA increased the rate of interest and it would lead to heavy debt burden to country that exercising CA as what happened in US. Moreover, it would affect the GDP as in case of Italy. In methodology, it had talked about the sampling and from where the data was collected. Then, it had analyzed annual report of Enron Corporation form the year 1997 to the year 2000. It had found the earnings of the company that reported were difference from the one after adjustment. As the result, it had given a bogus report to the stockholders. 4.2 Recommendation Many issues had occurred because of the CA, some had already mentioned in this paper and remain were discussed by the others. Some are blaming the auditors whereas others are saying it is the government responsibility. However, there are many people are involved in the CA. To overcome the problems of this practice, the researcher had given various suggestions from different point of view which can be seen below. From the investors point of view, they can follow certain steps to reduce the risk of CA. The investors should not depend only on companys financial statements in deciding of whether it is worthy for their investments. They should also seek for second professional opinion because sometimes the F.S accomplished with material misstatement. The investors should diversify their investments widely and not to keep them in one basket. Although it is difficult to eliminate risk, the investors can reduce such it through spreading their security into wide range of companies or even investing in other countries so if there is any loss in one company resulting from the practice, they will gain in another one. Therefore, the investors can make profit from their average returns regardless of some negative investment that included in portfolio. From the companies point of view, they should appoint more independent directors to take care of public interest, thus avoiding personnel interest. This would lead to the more honest in reporting of the company situation. I case if there is a tragedy event, they will solve it in prudent way rather than using unwelcome practices. They should also appoint qualified audit committee with high level of experience and honesty to detect the material misstatement that could occur in the F.S. Moreover, the audit committee will take all the necessary steps to prevent such fraud. Whereas from the governments point of view, it should select appropriate standards and follow excruciating punishment against those who breach the rules. In addition, although there are some countries not allowing the auditor firm to provide more than one service, there are some governments allow the firm to provide various services to its client. This should be avoided in each country. Chapter 5

Autonomy and Responsibility in the Nazi Regime: Germany 1933-1939 Essay

Autonomy and Responsibility in the Nazi Regime: Germany 1933-1939 Article 231 of the Treaty of Versailles reads: "The Allied and Associated Governments affirm and Germany accepts the responsibility of Germany and her allies for causing all the loss and damage to which the Allied and Associated Governments and their nationals have been subjected as a consequence of the war imposed upon them by the aggression of Germany and her allies."(1) These words fueled the Nazi Party's rise to power and ignition of a Second World War. After World War I, the Allies dissected, punished, and disarmed Germany to prevent the outbreak of another brutal war. Consequently, German lands, acquired by Nazi force, were given back to their original countries, and Germany's army was reduced to 100,000 men. In addition, Germany was responsible for paying immense retribution to all of the Allied Forces, causing German money to lose its value. The result of the Treaty of Versailles was a weakened Germany, both martially and economically. The Weimar Republic, a liberal government set up after Germany's defeat, was inefficient in handling Germany's massive problems. Germany's ill state was the curtain call for a change in the Weimar administration, and Adolf Hitler led the push for a transformation. Once in power, Hitler designed laws that redefined the responsibilities of the citizen. The citizens' duties would allow the Germany to regain her autonomy in the eyes of the world. Although the citizens worked to increase Germany's overrall welfare, the State did not attempt to improve individual well-being. The State held one responsibility. It must protect the lives of its people, so that the people can, in turn, carry out their duties for the S... ...ver, I carefully viewed its contents and found that it provided valuable information on Nazi propaganda, writings and speeches. The images I used in this report were taken from this site. In addition, many references are provided for further reading. http://nsdapmuseum.com This site is an unbiased historical perspective of the Nazi era. It provides valuable information about Nazi leaders, Nazi institutions, and Nazi propaganda. Also, links to other sites and biographies of the authors are listed. http://historyplace.com/worldwar2/riseofhitler/index.htm This site, dedicated to students and teachers, is updated daily. The organization of the site is haphazard, but the information provided is excellent. Detailed explanations of the Hitler's life and rule are included. Furthermore, links to other historical sites are listed at the History Place's site.

Religious Tradition view of Euthanasia :: Free Euthanasia Essay

Religious Tradition view of Euthanasia State One Religious Traditions View Of Euthanasia Euthanasia is described by the Oxford English Dictionary as ‘The bringing about of a gentle and easy death, especially in the case of incurable and painful diseases’ . The Christian view of Euthanasia is that it is wrong. They understand, the pain and emotional suffering, caused in the case of terminally ill, but believe that a hospice is a better solution and that to commit Euthanasia is murder and a degrading act upon human life. The most common argument for Euthanasia, is the idea of quality of life. This term was first created in the 1970’s as a term used to describe, the general welfare of a individual. This was gradually adopted as a term to describe a persons overall existence. This ideology, has practically become the argument used to morally justify the killings of hundreds upon thousands of unborn babies, who have genetic defects such as down syndrome and the international starving of brain damaged adults and terminally ill patients. To Christian, this argument has no meaning as we were all created in the image of God and it is believed that each human has a purpose to serve. They see each human as having its own intrinsic worth and to destroy any life, whether a young born child or an elderly person is the murder of a potential. The Christians also mock the quality of life argument as they believe that it is a biased opinion and we have no grounds or framework to judge by. The book of Job, arg ues against the quality of life argument. In this book, Job claims that suffering is part of being human along with happiness, sadness and anger. This points that if you are suffering, you should live through it and it will make you a stronger person. Paul says in Corinthians 2, For when I am weak then I am strong. He says this when he is trying to describe how he appreciates his â€Å"problem/thorn in his flesh† because although he wanted God to take it away he realises that it helps to make him a stronger person and a good Christian, because it reminds him to be humble. It is based upon this that he refuses to take his own life. The Christian sees a good life in respects to a persons response, to a particular situations, whereas the humanists will see only in terms of suffering and pain experienced.

Physics and Science

Of course, nuclear explosions, power sources, â€Å"lawlessness† of computers and lasers, new materials show that the focus of interest of scientists extends far beyond the â€Å"fragments of the last century. † However overact image of the scientist, and the whole science – tenacious. Although little can be so far from the truth as painting created impressionable and ardent poet. Even when Mayakovsky wrote his verse, and in science and around Shakespeare's dramas quite scale.To be understood correctly, I should note that the question â€Å"To be or not to be† as applied to humanity and not the individual, though considerable, was first raised by physicists precisely and on the achievements of physics. It's not by chance that for about three centuries were marked by the science. People involved in it, opened and opened the fundamental laws of nature that determine the structure and movement of material objects in a large range of distances, time and mass. Ranges of these great – from the small, atomic and subatomic to the cosmic and universal.Of course, this is not physics said â€Å"Let there be light,† but they found its nature and properties, set contrast to the darkness, and have learned to manage them. In its work, physics, crucially the largest of them, have developed a certain way of thinking, the main elements of which is the willingness to rely on well-tested, fundamental laws and the ability of a complex nature, and the public, a phenomenon highlight the main element, as simple as possible, that allows us to understand the very complex phenomenon under consideration.These features allow physicists approach very successfully deal with problems often lie far beyond their specialization. Confidence in the unity of the laws of nature, based on extensive experimental material, confidence in their fairness, coupled with a clear understanding of the limitations of the applicability of existing laws physics pushes for ward, abroad unknown today. Physics – the science is complicated. It requires a lot of intellectual effort from the people who do it. It is incompatible with the amateurish.I remember how, at the end of the University and the Shipbuilding Institute in 1958, I was standing at the crossroads – where to go next. And my father, very far from science, asked me if I could go back to engineering after a dozen years of studying physics. My answer was an unqualified â€Å"yes. † â€Å"In physics, after ten years of engineering? â€Å", – He said. My â€Å"no† and identified a further choice, which is not sorry and I do not regret a second. The complexity of physics and the importance of its results that create a picture of the world and encourage the spread of its ideas far beyond most of this science in the public interest to her.I will give some of these ideas, in the order received. This is a scientific (not speculative! ) Atomism, the opening of the e lectromagnetic field, the mechanical theory of heat, the establishment of the relativity of space and time, the concept of an expanding universe, and quantum leaps in principle, not because of the error, the probabilistic nature of the physical processes in the first place, the micro- level, the grand unification of all interactions, establishing the existence of not directly observable subatomic particles – quarks.Here then there are popular books that are designed not to teach physics beginners, and explain her interest. There is another purpose of popular books, including the very well-known to people of my generation is â€Å"Entertaining Physics† Yakov Perelman, not relative ME Perelman. I am referring to a demonstration of how much things in everyday life, familiar to us technique and technology, one can understand qualitatively, based only on the well-known fundamental laws of physics in the first place – the law of conservation of energy and momentum, an d the confidence that they are universally applicable.Objects of the laws of physics are vast. Why not pour water into the boiling oil, why stars twinkle in the sky, why is twisted water, emerging from the bathroom, why crack the whip and why the driver spins it over his head, to enhance the sound of the click, why ever would try to jump off the rail locomotives, but never make it electric? Why roars menacingly approaching plane and moving away, he moves to a falsetto, and why dancers or figure skaters begin to spin, throwing open wide â€Å"arms,† but then quickly pressed his hands to the body?Of the â€Å"why† of each in everyday encounters, not to mention not everyday life in abundance. They may be useful to learn to see, train yourself to find incomprehensible. Books by E. Perelman contain a record number of such questions â€Å"why? † (Five hundred), give them the answers, in most cases – definitely right, sometimes – beckoning to the discuss ion, occasionally – probably incorrect, provoking disagreement. There are questions that science has to date simple and generally accepted answer. Hence, the reader is room for an intense intellectual work. Along the way, the author explains the ell-known professionals to but less severe confusion among outsiders. That is, the author emphasizes the operational nature of many of the definitions in such a universally recognized exact science like physics. Professionals know that even the most fundamental of concepts, which operates physics, such as time and energy, space and momentum adjusted as further development of science itself. Even the vacuum, once the analogue of absolute emptiness, lack of anything was self-evident in the â€Å"empty† space in time â€Å"overgrown† means non-trivial features of the primitive raises complex object of study.Versatility physical approach dictates a similar attitude to the definitions of non-trivial concepts and other areas t hat are very far from physics. Read books mentioned ME Perelman interesting and professionals – to argue, to find other, allowing a simple, sometimes graphic, explaining the issue. But a layman can expand your horizons, not necessarily rushing to their own, different from the author, explanation. It is worth remembering that the writing – verbal impression, often greatly simplified, with sometimes very complex physical concepts, based on a far from trivial in the everyday sense of the physical theory.No need to follow the example of the real character, the director of one of the Moscow Research Institute who denied particular theory of relativity (general he chityval! ) Because the formula is the speed of light! â€Å"What would happen if the light off? † – Wrote in the science department of the Central Committee of the CPSU venerable gunmaker. Studying physics, beginning to understand its laws, shall be attached to the special beauty, there is actually a n extra dimension to the perception of the surrounding world.This was written when – the great physicist Richard Feynman, noting that understanding the nature of the glow of stars, the mechanism of their birth and death makes the picture night sky even more beautiful and romantic. I wish, in conclusion, to mention one, a few unexpected side benefit of knowledge of physics, though by no means superficial. About him once told Academician Migdal. It lights up in the mountains and attractions nearby couple. The young man explained his pleasant companion, why daytime sky is blue.He told her about the scattering of light, referred to Lord – theoretical Rayleigh. The girl was sitting with his mouth open, looking admiringly at the scholar. But of the bore, and he, showing carelessness and inattention to a senior, said that the probability of scattering of radiation is proportional to the cube of the frequency. Migdal but was already on the alert. Remembering a classic, it is a ppropriate only in a very weakened form, say, perhaps, academic â€Å"in thought, under the night darkness, mouth kiss the bride. â€Å"Young man, the probability of scattering can not be proportional to the cube of the frequency – it would clearly be contrary to the invariance of the theory with respect to time reversal. The relay, as it should be, the probability is not proportional to the cube, and the fourth power of the frequency! † – In his usual tone, dogmatic said Migdal. Needless to say, that triangle changes shape, and the fat was cathetus hypotenuse, reaching the top. In short, read about physics and who is not too late – learn it. It will pay off. Physics in MedicineMedical physics – the science of the system, which consists of the physical devices and radiation, medical diagnostic equipment and technology. The purpose of medical physics – the study of these systems for prevention and diagnosis, and treatment of patients using t he methods and tools of physics, mathematics and engineering. Nature of the disease and the mechanism of recovery in many cases have biophysical explanation. Medical physicists are directly involved in clinical processes, combining physical and medical knowledge, sharing with the doctor responsible for the patient.The development of medicine and physics have always been closely intertwined. Even in ancient times medicine used for medicinal purposes physical factors such as heat, cold, sound, light, and various mechanical actions (Hippocrates, Avicenna and others). First medical physicist, Leonardo da Vinci (five hundred years ago), who conducted the study of mechanics of movement of the human body. The most prolific medicine and physics were to interact with the end of the XVIII – XIX centuries. , When they were discovered electricity and electromagnetic waves, that is, with the advent of electricity.To name a few names of great scientists who have made important discoveries in different epochs. End of XIX – the middle of the twentieth century. connected with the discovery of X-rays, radioactivity, theories of atomic structure, electromagnetic radiation. These discoveries are associated with the names of C. Roentgen, Becquerel, M. Sklodowska-Curie, D. Thomson, Planck, Bohr, Einstein, Rutherford. Medical physics has truly establish itself as an independent science and profession only in the second half of the twentieth century. – With the advent of the atomic age.In medicine, have been widely used radiodiagnostic gamma apparatus, electronic and proton accelerators radiodiagnostic gamma camera, CT scanners, and others, hyperthermia and magnetic therapy, laser, ultrasound, and other medical and physical techniques and instruments. Medical physics has many sections and titles: medical radiation physics, clinical physics, physics oncology, therapeutic and diagnostic physics. The most important event in the field of medical examination may be th e creation of CT scanners, which have broadened the study of almost all organs and systems of the human body.OCT have been installed in hospitals around the world, and a large number of physicists, engineers and doctors worked on improving techniques and methods of bringing it almost to the limits of the possible. The development of nuclear medicine is a combination of methods and physical methods radiofarmatsevtiki registration of ionizing radiation. Positron-emission tomography imaging was invented in 1951 and published in the paper of Rennes. Physics and literature In life, sometimes without realizing it, physics and literature are closely intertwined.Ever since ancient times, people in order to convey to posterity literary word, used the invention, based on knowledge of physics. On the life of the German inventor Johannes Gutenberg is little. However, the great inventor, to convey to us the literary masterpieces studied the laws of physics and mechanics. Organized them in printi ng, he published the first book in Europe, which has played an important role in human development. The first Russian printer – Ivan Fedorov, was known to contemporaries as a scientist and inventor.For example, he was able to cast cannon invented multilateral mortar. A first remarkable images of the literary and art of printing – â€Å"The Apostle† (1564) and â€Å"Chasovnikov† (1565) will remain forever in people's memory. The name of Mikhail Lomonosov we call one of the first in the series of the most remarkable representatives of the national science and culture. The great physicist, he left a number of works that are important for the industrial development of Russia. A large part of his scientific work took optics. He manufactured optical instruments and original mirror telescopes.Exploring the sky with their instruments, inspired by the infinite universe, Lomonosov wrote beautiful poetry: Opened an abyss full of stars. The stars of not, the abyss â €“ the bottom †¦ Without such a science as physics would not be a literary genre as science – fiction. One of the founders of the genre was the French writer Jules Verne (1828 – 1905 gg. ) Inspired by the great discoveries of the XIX century, the famous writer surrounded physics glamor. All of his book â€Å"From the Earth to the Moon† (1865), â€Å"The Children of Captain Grant† (1867-68 gg. ), â€Å"20,000 Leagues Under the Sea† (1869-70 gg. , â€Å"The Mysterious Island† (1875 . ) are imbued with the romance of this science. In turn, many inventors and designers inspired the incredible adventures of heroes of Jules Verne. For example, the Swiss scientist – physicist Auguste Piccard, like repeating the path of fantastic characters he invented climbed into the stratosphere stratosphere, making the first step towards uncovering the mysteries of cosmic rays. The next fad A. Piccard was the idea of the conquest of the sea dept hs. The inventor himself sinking to the sea floor and to build them bathyscaphe (1948).For about 160 years ago in â€Å"Notes of the Fatherland† published â€Å"Letters on the Study of Nature† (1844 – 1845). Herzen – one of the most important and original works in the history of philosophy as well as natural science, Russian thought. Revolutionary, philosopher, author of one of the masterpieces of classical Russian literature works â€Å"My Past and Thoughts† – Herzen, however, was keenly interested in the natural sciences, including physics, he has repeatedly stressed in his writings. Now you need to turn to the literary heritage of Tolstoy.First, because the great writer was a teacher – the practice, and second, that his works relate to the natural sciences. Best known for the comedy â€Å"The Fruits of Enlightenment. † The writer is extremely negative attitude â€Å"to all kinds of superstitions,† he believed that the y â€Å"hamper and hinder the true teaching it to penetrate into the soul of the people. † Tolstoy understand the role of science in society: first, he was a supporter of the organization of society on sound science, and second, it makes a powerful emphasis on the moral – ethical standards, and because of this science in the treatment of Tolstoy are secondary science .That is why Tolstoy ridiculed in â€Å"Fruits of Enlightenment† Moscow gentry in the heads of which are mixed science and Antiscience. I must say that at the time of Tolstoy on the one hand that time, physics is in deep crisis due to the experimental verification of the main tenets of the theory of the electromagnetic field, which disproved the hypothesis of the existence of Maxwell's world ether, that is, the physical environment, which transmits electromagnetic interactionsOf course, nuclear explosions, power sources, â€Å"lawlessness† of computers and lasers, new materials show that the focus of interest of scientists extends far beyond the â€Å"fragments of the last century. † However overact image of the scientist, and the whole science – tenacious. Although little can be so far from the truth as painting created impressionable and ardent poet. Even when Mayakovsky wrote his verse, and in science and around Shakespeare's dramas quite scale.To be understood correctly, I should note that the question â€Å"To be or not to be† as applied to humanity and not the individual, though considerable, was first raised by physicists precisely and on the achievements of physics. It's not by chance that for about three centuries were marked by the science. People involved in it, opened and opened the fundamental laws of nature that determine the structure and movement of material objects in a large range of distances, time and mass. Ranges of these great – from the small, atomic and subatomic to the cosmic and universal.Of course, this is not physi cs said â€Å"Let there be light,† but they found its nature and properties, set contrast to the darkness, and have learned to manage them. In its work, physics, crucially the largest of them, have developed a certain way of thinking, the main elements of which is the willingness to rely on well-tested, fundamental laws and the ability of a complex nature, and the public, a phenomenon highlight the main element, as simple as possible, that allows us to understand the very complex phenomenon under consideration.