Macbook Pro Essay Example | Topics and Well Written Essays - 500 words

Macbook Pro - Essay Example Flash is the most fastest and reliable storage technology and it provides the capability and the much needed power to the different models, particularly the compact 13-inch and the super slim 15-inch models. Users can rely on the flash architecture since it is reliable, durable and battery efficient. Those who love games, Mac book pro has the latest Intel processors and next generation graphics which are built for speed and clear vision. With the Mac book pro, individuals can be able to easily find, share and organize their own personal information (Miser, 2012). Regulations and policies for the Mac book pro range can be categorized into legislation, company and government. The company that manufactures the Mac book pro computers, Apple (Linzmayer, 2004), has its own rules and regulation are to be agreed on by those in need of using the product. Personal information of any person purchasing the Mac book pro is collected as it helps identify the buyer, or contact the owner in case of an issue. Personal information collected includes; ‘name’, ‘mailing addresses, ‘phone number’, ‘email addresses, and ‘credit card information’ (Miser, 2012). In America, the social security number may be collected, but this can be in the case where one is setting up a wireless account (Miser, 2012). Government policies and legislations have standards that are set and they regulate the manufacturing of the Mac book pros’, distribution, marketing and the use of the Mac book pro. Different countries have diff erent regulations for the use and distribution of the Mac book pro. Importation and exportation is regulated and there is certain authority that the government is granted in order to regulate such. There is no specific age group who are allowed to use the Mac book pro, though there are specific acts and rules to regulate and monitor its use (Miser, 2012). The Mac book pro consists of various models, with some having a tapered design which has a

Strategic Hrm At Nestle Business Essay

Strategic Hrm At Nestle Business Essay Human resource management (HRM) is that part of management process which makes, enhances, manages and develops the human element of the enterprise measuring their resourcefulness in terms of talents, abilities, total skills, creative, knowledge, and potentialities for effectively contributing to the organizational objectives. Human resources are precious and a source of competitive advantage. Human resources may be tapped most effective by mutually standard policies which promote promise and foster an inclination in employees to act flexibly in the interests of the adaptive organizations pursuit of excellence. Human resource policies can be joined with planned business and used to reinforce appropriate culture. Human resources play a critical role in enabling the organization to effectively deal with the external environment challenges. The human resource management has been accepted as a strategic partner in the formulation of organizations strategies and in the implementation of such strategies through human resource planning, employment, training, appraisal and rewarding the personnel. Strategic management of human resources facilitates creation of competitive advantage for the organization over its rival by building unique human resource based competence. An organizations recruitment, selection, training, performance management process and compensation practices can have a strong influence on employee competence. The workforce will be more capable if a firm can successfully identify, attract, and select the most competent applicants. Performance appraisal takes in account the past performance of the employees and focuses on their improvement for the future performance of the employees through counseling, coaching or training. The human resource strategy of a business should reflect and support the corporate strategy. An effective human resource strategy includes the way in which the organization pans to develop its employees and provide them with suitable opportunities and better working conditions so that their optional contribution is ensured. This implies selecting the best available personnel, ensuring a fit between the employee and the job and retaining, empowering and motivating employees to perform well in the direction of corporate objectives. STATEMENT OF PURPOSE Consumer packaged goods (CPG) Organization, alternatively called as FMCG industry mainly deals with the production, marketing and selling of consumer packaged goods. The FMCG or Fast Moving Consumer Goods are those goods which are generally consumed at a regular interval by the consumers. FMCG industry has some of the main activities like financing, selling, purchasing, marketing etc. The industry also contributes or also involved in general management supply chain, operations and production. FMCG industry gives a variety of consumables and consequently the amount of money is very high which is circulated against FMCG products. Day by day the competition between the FMCG producers is increases which increasing the investment in FMCG industry is also increasing, specifically in India. Estimated to grow FMCG Sector in India is a very high rate by 2010. PRIME FMCG PRODUCTS Some general FMCG product categories include dairy products and food, drinks, coffee, tea, tobacco and cigarettes, glassware, paper products, pharmaceuticals, dry cells, electronics, prepacked food products, plastic goods, watches, greeting cards, soaps, printing and stationery, household products, detergents, photography, drinks etc. In FMCG industry some of the features which made this organization as a strong distribution networks, are small operational cost, as a prospective one, presence of renowned FMCG companies. Population growth is also one of the major factors behind the success of this industry. INTRODUCTION GOOD FOOD, GOOD LIFE NESTLE is a multinational packaged food company founded and headquartered in Vevey, Switzerland. Page Brothers established the Anglo-Swiss Milk Company for milk products in Cham, Switzerland in 1866 merger in 1905 with the Farine Lactà ©e Henri Nestlà © Company set up in 1867 by Henri Nestlà © to provide an infantfood product. Trademark of Nestlà ©s is birds in a nest, derived from Henri Nestlà ©s personal coat of arms, evoke the values upon which he founded his Company. No. of Nestlà ©s brands are globally renowned, which has made the company a global market leader in different product lines, including chocolate, confectionery, milk, pet food bottled water. FAMILY OF NESTLE Family of NESTLE consists of products related to: Milk Nutrition Beverages Prepared dishes cooking aids Chocolates confectioneries NESTLE is one of the well known FMCG company. In the Every part of the world, the Nestlà © name represents a commitment or promise to the customer or consumer that the product is of high standard and safe. NESTLE support the UNGC (United Nations Global Compacts). UNGC guiding principles on human rights, their aim and labour to offer an example of better labour practices and human rights all over his business activities. Our people played a major role for our success. We give the equal ant respect and dignity to each other and we expect from the every employee to share and contribute their opinions and views to improve Company personal development and results and also promote a sense of personal responsibility. We recruit motivated and competent people, who know and respect our values, provide equal opportunities for their advancement, development, protect their privacy and do not tolerate any form of discrimination or harassment. Human resources of an organization can provide it with a reasonable advantage over its competitors in the fast changing environment. This calls for the strategic management of human resources for the accomplishment of corporate objectives. STRATEGIC HUMAN RESOURCE MANAGEMENT is called as the linking of strategic goals with human resources. No. of objectives in order to enhance or develops an organizational culture, improve organization performance and that fosters flexibility, innovation, and sustainable competitive advantage is called. KEY FACTORS OF SHRM PROCESS The outcomes of the SHRM process which should be evaluated both qualitatively as well as quantitatively. The business strategy it alter and is altered by the SHRM process and which provide the business a good thought of direction. The external environment which is flexible and dynamic in the present global business scenario. The internal environment The general culture and the organizational context which is prevalent in the organization. VISUAL DEPICTION OF THE SHRM PROCESS STAGES OF STRATEGIC HRM PLANNING PROCESS Strategic human resource management is the process by which managers design the mechanisms of an HRM system to be reliable with each other, with the organizations plans and goals and with other essentials of organizational architecture. The main role of strategic HRM is the improvement of an HRM system that increases an organizations awareness, worth, invention, and productivity to customers. Strategic human resource planning (SHRP) involves four distinct stages: Situational analysis/environmental scanning. Estimating demand for human resources. Analyzing the supply of human resources. Developing action plans to close any gap between human resource demand and supply. The first stage of HR planning is the point at which strategic planning and HRM interact. HR planners anticipate sources of threats and identify and should drive the organizations strategic planning and opportunities with the help of Environmental scanning. The strategic ideas or plan implement to environmental circumstances, and HR planning is the mechanisms that an organization can use to accomplish this adaptation process. The second stage, forecasting demand, requires estimating not only how many but also what kinds of employees will be needed by the organization. The demand for employees should be closely tied to the strategic direction of the organization. Forecasting yields advance estimates of the organizations staffing requirements. This is a difficult task, especially for organizations in rapidly changing environments. Four forecasting techniques include expert estimates, trend projections, statistical modeling, and unit-demand forecasting. Estimate by no of expert, a group of experienced or expert provides the organization with demand estimates based on subjective assessments of available economic, intuition, prior experience, and labor force indicators. Trend projection involves forecasting which is based on a previous relationship between the employment and a factor related to employment (e.g. sales levels). Statistical modeling techniques (e.g. regression analysis or Markov analysis) are mor e quantitative forecasting and sophisticated techniques. Unit-demand forecasting requires the unit managers (e.g. department head, project team leader) to analyze the present and future job-by-job, people-by-people needs. The third phase involves studying the number and types of current employees in terms of the training and skills necessary for the future and also the supply of capable workers in the outside labor market. The skills inventory is a major tool used to assess the internal supply of employees. A skills inventory is a list of names, skills and characteristics of the people currently working for the organization. The list of skills coded into the skills inventory should be tailored to the needs for the organization, but might include such factors as level and field of education, knowledge of a foreign language, professional qualification or certification, or licenses held. The organized inventory provides a way to acquire these data and makes them available as needed in an efficient manner. Also important is the need to maintain the inventory so that information is kept current. With regard to the external labor market, the entire country (or world) may be the relevant labor market for hig hly skilled jobs. For unskilled jobs the relevant labor market is usually the local community. After the HR planning system has analyzed both the supply of and the demand for future workers, the two forecasts are compared to determine what, if any, actions are necessary. If a discrepancy exists between the two estimates, the organization needs to choose an appropriate course of action designed to eliminate the gap. The organization has a number of options available when the demand for workers is greater than the supply of workers. The organization might elect to use overtime work with current employees, increase training and promotions of current employees, or recruit new employees. In tight labor markets, the availability of labor is limited (i.e. demand exceeds supply), driving up the price of those employees who are hired, and limiting the extent to which the organization can be selective in its hiring procedures. In a loose labor market, qualified employees are abundant. When the supply of workers exceeds demand, alternative solutions include attrition, early retirements, demotions, layoffs, and terminations. STRATEGIC HRM AT NESTLE Nestlà © aims to increase the business, list of customers, profits and sales but, at the same time, to improve the Standard of living everywhere it is active and the quality of life for everyone. Nestlà © is also convinced that nestle employees is the strength of the Company and it is impossible to achieved without their energy and their commitment, which makes people its most important asset. Involvement of people and also showing their interest at all levels starts with the basic and appropriate information on the Companys activities and also on the specific aspects of their work. Through shared their views, ideas and communication and focused vision, everyone is invited to share and contribute there opinions and views to improvements enhancing Company personal development and results. HR PRACTICES RECRUITMENT: Recruitment is the process of developing and maintaining adequate manpower resources. Recruitment refers to the attempt of getting interested applicants and creating a pool of prospective employees so that the management can select the right person for the right job from this pool. The recruitment process at Nestle is clearly defined. People with qualities like dynamism, realism, loyalty, pragmatism, hard work, honesty and reliable. Match between candidates values companys culture. Recruitment for management levels takes place in the head office and all others at the branch level. The existing employees are promoted to higher posts as per the requirements. There are no lateral recruitments. Another source of recruitment is campus placements and human resource consultancies. People management policies, basic values principles elaborated in- Nestle management leadership principles- The Nestlà © Management and Leadership Principles describe the management style and the corporate values of the Nestlà © Group, specifically in the area of interpersonal relations. Nestle human resources policy- This policy encompasses those guidelines which constitute a sound basis for efficient and effective HR Management in the Nestlà © Group around the world. Nestle people development review- this policy throws light on Nestlà ©s culture and core values, different training programs and life of employees after work. PERFORMANCE MANAGEMENT: Performance management includes all standard procedures used to appraise contributions, potentials and personalities of group members in a working organization. It is a process which is important for making accurate and impartial decisions on employees for secure information. At Nestle performance appraisals of Employees are done in order to understand each employees abilities, competencies and relative merit. Formal assessment by Line Managers and HR once a year with feedback. Subordinate can question an unfair evaluation. Specific Key Performance Indicators have been enlisted by the HR department. One of the important key performance indicators is achievement following the Nestle management and leadership principles. Remuneration structure and promotion criteria take into account individual. TRAINING: Training is a major and also an important part of organized activity for increasing the skills and knowledge of people and also to understand the deep knowledge of task that what they have to perform or for a definite purpose. It involves systematic procedures for imparting technical know-how to the employees so as to increase their knowledge and skills for doing specific jobs with proficiency. From the Company floor to the upper management, training at Nestlà © is continuous. Nestlà © people provide this training and it is constantly appropriate to the professional life. Nestle provides the following- Literacy training-to upgrade essential literacy skills, especially for workers who operate new equipment (Mission-directed Work Team Approach). Employees are also sent abroad to study markets, consumer tastes etc. Nestle Apprenticeship Programmes. Local Training Programmes-on issues ranging from technical, leadership, and communication and business economics. Employees are also sent abroad to study markets, consumer tastes etc. JOB DESIGN: Job design refers to the way the tasks are combines to form a complete job. Job design is a process which integrates work content ( tasks, functions, relationships), the reward ( extrinsic and intrinsic), and the qualifications required (skills, knowledge, abilities) for each job in a way that meet the needs of employees and the organization. The job design process under NESTLE is a very detailed and strategic process. Selection-Combination of written test, GD interview (Interviews for top Management posts). The company incorporates practices like Job Enrichment and Job Enlargement, to motivate employees and to break the monotony of their job tasks. The correspondent herself works in both sales and brand management departments, which is an example of job enlargement. PAY STRUCTURE: pay structure is generally the pay ranges and levels or hierarchy of job. We can also say it as a salary structure. It set out the different level of pay for different types of employees. It may mean the structure of the total wage of a worker or group of workers is composed; Nestle strives to offer fair remuneration. Remuneration level is above the average in industry. The variable component of the salary is comparatively big to reward individual Performance. In case of higher management level, the variable part is linked to individual team target achievements. REWARDS INCENTIVES: it consists of a variety of modules that can be presented to reward employees and identify unique performance. The structure is based on consistent, delivering equitable and fair rewards to a differentiated group and consists of the following non-financial and financial rewards. Passion to Win awards- These quarterly awards have been institutionalized to reward those who over-achieve their targets. Long-service Awards- To recognize employees who have been with the company for more than 30 years. Nestle Idea Award- It was found from the correspondent that the company institutes Nestle Idea Award every quarter to recognize and award employees who come up with relevant and innovative ideas which have the potential of being implemented at Nestle. 3.3.7 BENEFITS: Nestle offers a comprehensive and competitive benefits package designed to meet the varying needs of employees. These benefits are an integral part of total compensation package and provide employees and their families valuable protection during employment with Nestle. The following benefits are provided to all employees, with no discrimination- Leave-Personal Medical (fixed no. per year) Children Education Assistance Scheme Provident fund Retirement Gratuity Scheme Group Insurance Accidental Insurance Scheme Conveyance Reimbursements Residential Accommodation Monthly health check-ups free consultation for self family etc. 3.3.8 EMPLOYEE RELATIONS: Employee Relations involves the body of work concerned with maintaining employer-employee relationships that contribute to satisfactory productivity, motivation, and morale. Essentially, Employee Relations is concerned with preventing and resolving problems which arise out of or affect work situations. Nestle provides a very healthy working environment which is one of the reasons why Nestlà ©s employees state their commitment level to be very high. Employee turnover is less than 5%., which is considered to be very low for a Multinational Corporation. Nestle has a open culture upward communication especially in case of grievance redressal is encouraged. Work/Life balance is given importance, as illustrated in the Nestle Human Resource Policy document. Nestle Family annual events are organized by their HR department whereby employees along with their families are invited. Emphasis is laid on safety of employees (Nestle Policy on Health and Safety at Work). 3.3.9 CHANGE MANAGEMENT Nestle has adjusted to the ever-changing external environment for the last 140 years since its inception 1866 without losing its fundamental views and fundamental values. It manages Change and drives sustainable profitable growth by following the policy of making gradual changes instead of making drastic and risky changes. ERP implementation- In June 2000, Nestle SA signed a contract of $200 million with SAP with additional $80 million for maintenance and consulting to install an ERP system for its global enterprise to maintain centralize a multinational that subsidiaries in 80 countries and have owns 200 operating companies. While the ERP system was likely to have long-term benefits, the project touched the corporate structure and culture. The structure was decentralized, and it tried to centralize it. This was initially opposed by employees but with subsequent measures taken by the HR like training etc., this has been successfully implemented. 3.310 SAFETY HEALTH: Every employer is required to carry out a risk assessment for the workplace which should identify any hazards present in the workplace, assess the risks arising from such hazards and identify the steps to be taken to deal with any risks. The Nestle Operational Safety, Health and Risk-Management Strategy document illustrates that: Nestle is dedicated to safe healthy work environment. Regular safety assessments audits take place by internal external bodies. CONCLUSIONS AND RECOMMENDATIONS The Model employed by Nestle is one of High Performance, High involvement and high commitment. Nestle is unique in the sense that it has been able to successfully inculcate its business objective as well as its core values, consistently in its employees day-to-day activities starting from recruitment till continuous performance appraisals. Like, open and flexible culture is ensured by way of providing training programs to employees at all the levels. This kind of culture is also supported by decentralized structure of Nestle. Transparent performance appraisal systems and the freedom given to them to question their seniors benefit not only the employees but even the organization as a whole. Nestles emphasis on individual achievement is evident from the kind of pay structure HR has designed for its employees. Need to develop consultation/awareness program to assist the employees for their better understanding of the policies. More incentives should be offered to the employees who provide services to the organization for more than two years continuously. Nestlà ©, over its long historical development from a small village operation to the worlds leading food Company, has demonstrated an enviable capability to adjust to an ever changing external environment, without losing its fundamental beliefs and core values, so important for long-term success. Over the years to come, this capability of using HR as a strategic partner in implementation of companys activities will continue to be challenged even more as Nestlà © is growing in size and complexity up to a dimension which demands a continuous evolution of its organization and of the way in which it is run. Its motivation based on willingness to learn and to question what it is doing and why it is doing it, combined with its long standing respect for Nestlà © values, will assure its success.

Evolution of penguins :: essays research papers

Evolution of penguins   Ã‚  Ã‚  Ã‚  Ã‚  For this evolution project, I choose to research Penguins. The classification for this animal is as follows: K Neornithes, P Palaeognathae, C Neognathae, O Pelecaniformes, F Procellariformes, G Graviidae, S Spheniscidae. The first fossil penguin that was found, is today being held in the British Museum of Natural History. It was reportedly found by an anonymous Maori in New Zealand in 1859 and was named Palaeeudyptes Antarcticus despite the fact that the species was located far away from Antarctica. Since that discovery many more fossils were found and were dated back to the Miocene era and three others from the Pliocene era. Several fossils were dated to the Late Pliocene era and others from the Recent era. The earliest avian fossil found in the southern hemisphere is said to have existed in the Eocene age about 38-54 million years ago. There is evidence that at least three of the modern penguins (Aptenodytes, Spheniscus and Pygoscelis) went extinct within the la st 4-5 million years. The remainder of the penguins are from 5-40 million years ago, dating back to the time currently recorded, when penguins evolved from other modern birds. Research suggests that the tallest of these penguins were about 6 feet tall. Penguins did originate from an ancestor that flew some 40 million years ago. The common ancestor is assumed to have been somewhat similar to a modern-day diving petrel or auk in appearance and behavior. The main evolutionary advantage of giving up aerial flight is the improved swimming ability; in particular being able to swim quickly helps in catching fish and being able to dive to great depths (studies show that some modern penguins can dive up to 300meters) which greatly increases the range of food which is available to hunt. Another major influence in the evolution of penguins is likely to have been the availability of vast amounts of food in the ocean. The beak up of the Proto-continent, Gondwanaland, was completed around 200,000,000 years ago and left the Antarctic continent completely surrounded by an ocean. The resulting cold currents established in the southern ocean (once the polar ice cap had formed) made them rich in nutrients and then led to the huge amounts of fish and crustaceans in the area. Evolution of penguins :: essays research papers Evolution of penguins   Ã‚  Ã‚  Ã‚  Ã‚  For this evolution project, I choose to research Penguins. The classification for this animal is as follows: K Neornithes, P Palaeognathae, C Neognathae, O Pelecaniformes, F Procellariformes, G Graviidae, S Spheniscidae. The first fossil penguin that was found, is today being held in the British Museum of Natural History. It was reportedly found by an anonymous Maori in New Zealand in 1859 and was named Palaeeudyptes Antarcticus despite the fact that the species was located far away from Antarctica. Since that discovery many more fossils were found and were dated back to the Miocene era and three others from the Pliocene era. Several fossils were dated to the Late Pliocene era and others from the Recent era. The earliest avian fossil found in the southern hemisphere is said to have existed in the Eocene age about 38-54 million years ago. There is evidence that at least three of the modern penguins (Aptenodytes, Spheniscus and Pygoscelis) went extinct within the la st 4-5 million years. The remainder of the penguins are from 5-40 million years ago, dating back to the time currently recorded, when penguins evolved from other modern birds. Research suggests that the tallest of these penguins were about 6 feet tall. Penguins did originate from an ancestor that flew some 40 million years ago. The common ancestor is assumed to have been somewhat similar to a modern-day diving petrel or auk in appearance and behavior. The main evolutionary advantage of giving up aerial flight is the improved swimming ability; in particular being able to swim quickly helps in catching fish and being able to dive to great depths (studies show that some modern penguins can dive up to 300meters) which greatly increases the range of food which is available to hunt. Another major influence in the evolution of penguins is likely to have been the availability of vast amounts of food in the ocean. The beak up of the Proto-continent, Gondwanaland, was completed around 200,000,000 years ago and left the Antarctic continent completely surrounded by an ocean. The resulting cold currents established in the southern ocean (once the polar ice cap had formed) made them rich in nutrients and then led to the huge amounts of fish and crustaceans in the area.

Love and Deception ( the Chaser)

Love and Deception Love is a feeling a personal attachment to your spouse or lover. Love can also be sexually passion or desire to other. A false appearance and to be unfaithful to your spouse or lover, is called deception. Love life always ends up the relationship if it started the deception. As in the short story â€Å"The Chaser† by John collier in which the character called Alan Austen a young boy loves the girl very much but wanted to start the relationship falsely. Love life always the true and happy life but life with deception always ends up the relationship.Alan loves a girl name Diana. He was ready to do anything to get his love. In order to get Diana’s love he decided to buy a love portion from an old man who makes those kinds of portions so even she can fall in love with him. He wanted to Diana to have the same feeling as he has for her There are many stories some are true and some are just fantasy that shows that in love or/and for love people can do anythi ng. one of a famous story that must have inspired many lover.Yash Raichand and Rohan are friends like family, when Yash’s wife Mrs. Nandani gives birth to a baby boy name Rahul , Rohan helps the couple bring up there child with most care. Years later the two friends have separated, Rohan lives in a shanty house, works as a mechanic and is the father to a young girl Priya while Yash is a wealthy industrialist and lives in a spacious bungalow. In order to collect huge amounts of fund from abroad for good living Rohan decides to leave Priya in the care of the Raichand’s family.Everything was going well Priya as she is became friend with Rahul which eventually changed to love, Nandani finds out about Rahul and Priya’s relationship and approve of Priya as her daughter-in-law but Yash is quite unhappy with the relationship as he have plans to get Rahul marry to his business partner's daughter Champa so he insults Priya and throw her out of his house. Rohan returns and is angry at the treatment his daughter receives and leaves the house immediately with his daughter. Rahul too is unhappy with his dad's decision and he also leaves the house deciding to marry Priya with the blessings of Rohan.But Rohan refuses to accept Rahul and the only way Rahul can win Rohan's consent is if he proves that he can earn money by his own sweat. He did all the hard work he could and earned some money. He gave that money to Rohan. He got convinced and agreed with their relationship. And they lived happily ever after. Alan did felt in love with Diana but he wanted her to love him by using a love potion. Love potions that can make people fell in love deeply with you but that love is not a true love its deception. Alan wanted to deceive Diana. The portion did make Diana fall in love but that wasn’t true love.Another fantasy story that shows that deceiving someone can affect your life in a negative way. This story is not about any love potion but it is about decei ving. This story tells the story of Akshay who one day meets a young and beautiful woman called Pooja and he falls in love with her at first sight. But Pooja doesn’t love him, because she has no such feelings for him as he has for her. Akshay turn crazy in love with Pooja and couldn't find any more ways to persuade her than he tried to commit suicide but his suicide attempt was unsuccessful since he was saved by his best friend neha and Pooja finally falls in love with Akshay.Little by little Akshay began to know that he is in love with a criminal daughter and her father owes 60 million to the underworld don. Akshay decides to help Pooja by grabbing the money for her because he is in love with her, Akshay tries to rob Vikram but gets caught. Vikram, is an Internet hacker, he agrees to help Jai on condition that he takes the blame for the Internet thefts. Akshay agrees, gives the money to Pooja and turns himself in. The accounts that were hacked by Vikram belong to underworld don, chota don, who wants revenge from the hacker.On hearing that the thief has been found, Babu tries to capture Akshay, who escapes. With both the police and the underworld after him, Akshay goes to Pooja’s apartment. He finds Vikram there and realizes that he has become the fall guy for them both. He escapes from the apartment, but is shot and assumed dead. He is, however, alive and will not rest until he gets to take revenge against Pooja and Vikram. But at last Akshay killed pooja and rein vikram in such a way that he had to distribute the remaining money to charity.Vikram is all alone without his girlfriend and his life is meaningless for him. Love is good love is awesome it’s what every other human want in life. Love is good only when it starts with honesty and with truth. But if it starts by deception it’s not a true love and it always ends the relationship with your lover or spouse. We should be aware so what are true love and what deception is, if you want your life to be good. I have and I will be aware of it. I have seen family being separated because of being deceived and also family living happily as their love life is good and started with honestly.

My Tuesday with Morrie Essay

Life is a class, from the day we came to the day we leave. In this class, we learn to learn, learn to live, learn to accept relationships, learn to face death, and learn to adapt to this long and fancy journey of life. Since our childhood, we constantly wonder what our futures will be. Our future life style, future career, the coming deterioration of our body functions and even death, are all in blur that whenever we think of them, we will be occupied by fear. Sometimes, we cannot help but ask: what is the feeling of death? Where will we go after we die? It is always hard for us to be easy with death because we fear it. Therefore, we rush to work hard to get what we desire within the short span of life. However, it is a pathetic fact that we are sometimes blinded and lose what we really need when pursuing what we â€Å"desire†. Even worse, we will not realize it until we are about to die. Tuesday with Morrie can help us realize it before hand. My Encounter with Tuesday with Morrie I am really grateful for this course and Miss Yang. Thank you for giving me a chance to read Tuesday with Morrie, a book that enlightened me in understanding the meaning of life. I am the same kind of people as Mitch Albom, who is always occupied by work and spare no time in other parts of life. When I was reading this book on every Thursday, I put myself in Mitch’s position. The Abstract of the Story Tuesday with Morrie tells a real story about an old professor, Morrie  Schwartz, who had been gradually paralyzed by ALS and was about to die. His student, Mitch Albom, accidently saw his professor being interviewed in the television. Shocked by the upcoming death of his dear professor, Mitch went to meet Morrie in order to grasp some time to say goodbye to the professor who inspired him during college. During the last three months, no matter how busy Mitch was, he would went to see Morrie on Tuesdays to attend Morrie’s lessons about the meanings of life. They talked a lot ranging from death, love, marriage to culture etc. Inspired by the lesson, Mitch realized that love dwarfs all the fame and fortune. Luckily, he successfully saved a precious relationship. Three Kinds of Attitudes towards Life Life is the same process for everyone which stars from birth, living to death. However, everyone has his own particular understanding of life. In my opinion, most of the attitudes towards life can be divided into three main categories. Those who have monotonous and dull lives conceive life as a process of birth, eating, drinking, sleeping, getting married, growing old and finally going to the heaven, which is apparently meaningless. The second type views life as a trade. Their theme of life is what they can obtain from life. Their spontaneous reaction to any new experience is bound to be: what it worth to me? In the world built on this kind of attitude, happiness turns out to be a competition. Most people in the modern world are living with this life style where competition and efficiency dwarf everything. The third kind of attitude expresses a theme: what I can bring into life. Their objective is to bring others happiness, which eventually will bring happiness to themselves. I admit that I am in the second category. Tuesday with Morrie taught me how to move into the third. Cherish What You Own at the Present. In Tuesday with Morrie, Professor urged us to remember a philosophy: â€Å"If you’re always battling against getting older, you’re always going to be unhappy, because it will happen anyhow.† Since we cannot reject it, why don’t we just ignore it and cherish what we have right now? We should enjoy every stage of our lives. When we are kids, we should enjoy playing and being an innocent kid. When we are adults, we should enjoy working hard,  giving out, embracing love and being an enthusiastic adult. When we are old, we should enjoy the peace of life and being an experienced yet calm old man or woman. As long as we accept who we are right now and learn to enjoy it, every stage is meaningful and wonderful for us. Many of us skip other processes lying in the middle but only see the very end of life and therefore rush every day to try to obtain more, more and more. This is not living. Realize What We Need In the modern world, there are innumerable people like Mitch, who was always occupied by his work, by his pursuing of fame and fortune. Though I am still a student, I have already been trapped in this kind of life style, too. Due to the countless homework and researches, I barely have time to have fun with friends or care for my families. I can obtain all I desire but I seldom feel quite happy. I was confused and could not find a way out. Morrie helped me. He said that when you learn how to die, you learn how to live. Death is a wake-up call for all of us. When faced with death, all the fortune and fame, those we desire and fight for in our whole life, become useless. There was an experiment carried out among students. They were given five stuffs, including a box of matches, a Channel perfume, an LV bag, a Benz car and a big house. Everyone was given a few million dollars and they could buy whatever they want. The result shows no one ever chose to buy the matches. However, when the professor assumed that the students were in a deserted island, all the students bought the matches. It is obviously that, compared with a box of matches, those luxuries are of no use in the deserted island. Matches can start fire to warm, to cook and to make signals. That was what they need. Nowadays, people are hard to be satisfied because they are always pursuing things much more than they actually need. If we can learn lessons from Morrie’s death or the students’ realization in the experiment, we can figure out how much we have already owned and suddenly we can get away from the depression of the constant struggle for more and start to enjoy living itself. It is a pity that the modern world encourages the second type of life style I mentioned above. A set pattern designed by the society forces us to struggle  for colleges, exams, promotions, money, marriages, houses and cars etc. It seems every one takes it for granted and has been accustomed to it. We lost our judgment. Morrie, as a man dying soon, told us that wealth could not buy happiness and contentment. Life should not have been that hard. My Changes after Reading the Book When Morrie asked Mitch to drop by every Tuesday, Mitch hesitated and said he might not be able to because he was so busy. However, he made it. After reading Morrie’s fourteen lessons on the meaning of life, I decided to learn from both Morrie and Mitch. I have to abandon my forever excuse: I am so occupied and I have no time. I started calling my parents and my sister regularly and occasionally went out with friends, as well as doing some charity works. Amazingly, it suddenly occurred to me that I am a human, a living human. Though it is hard to suddenly change from type two person to type three, who can live as wisely as Morrie, I am working on it and I am making progress.

The Heart Asks Pleasure

The Heart Asks Pleasure The Heart Asks Pleasure First is one of the amazing poems written by Emily Dickinson. Many people believe that this poem is too short to have any meaning and believe it to be useless for deep consideration. However, I strongly disagree with this opinion as looking at the poem with a quick glance it is impossible to notice anything.Advertising We will write a custom critical writing sample on The Heart Asks Pleasure First by Emily Dickinson specifically for you for only $16.05 $11/page Learn More Only closer reading of the poem helps understand its main idea. Additionally, I would like to state that there are a couple of interpretations which come to my mind. It can be presupposed that the poem explains a process of soul existence, from the very first desire up to the death. However, the process may be considered from different angles. This problem is going to be the central idea for discussion in this paper. Rhyme, Rhythm, Structure, and Language Dwelling upon the rhyme the author uses in The Heart Asks Pleasure – First, it can be noticed that it is impossible to see identical rhymes there. In this poem Dickinson uses imperfect and partial rhymes, however, it does not make the whole poem sound awkward or lack of melody. Poem rhythm does not impress with something specific. Commonly used repetition of stressed and unstressed syllables is implemented. Paying attention to the specifics of rhyme, it seems that it is rhythm that makes the poem sound melodic and easy for perception. The poem consists of two stanzas which contain four lines each. The length of the lines is short that makes the poem reading easy and fast. Still, one should not read this poem to fast as for better understanding, each line should be considered in detail. The language of the poem is simple, however, it is possible to notice several symbols. Saying ‘Inquisitor’ (quoted in Vendler 359) Dickinson means God, and having understood this specifics of the poem, it becomes obvious that talking about ‘sleep’, the author wants to say the desire to die, which is possible only when Inquisitor wishes it to happen. Themes Reading the poems by Emily Dickinson, including The Heart Asks Pleasure First and many others, it comes to my mind that she wrote about several specific themes, such as person’s inner world, religion and faith, love, pain, death and nature. All the problems mentioned above, except for nature, are dwelt upon in the poem under discussion. The Heart Asks Pleasure – First may be considered from personal and religious point of view. Each of these opinions deserves attention and they should not be confused as religious topic has some specific differences from personal one, even though they seem too similar from the first sight.Advertising Looking for critical writing on american literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More Consid ering the poem from personal, different from religious point of view, it may be believed that the author talks about her love. The author seems to show the specific needs of a human heart and soul. The first desire when one falls in love is to enjoy, â€Å"The heart asks pleasure first† (quoted in Vendler 359). Then, a person experiences pain and tries to find explanation to that pain different from personal guilt of being in love, â€Å"excuse from pain† (quoted in Vendler 359). After the soul is empty and the heart is broken one searches for anything which can â€Å"deaden suffering† (quoted in Vendler 359) and if nothing helps deaths seems the best way out. Considering the poem from this perspective, Inquisitor should be seen as consciousness, inner desire either to live or to die. After unrequited love, some people do not find strength and desire to live further and see death as the only way out. They want just to fall asleep and never get up. Once conscious ness allows them to do it, they die. It seems that religion plays much in Dickinson’s life. The whole poem may be considered from this perspective. The word ‘ask’ in the first line confirms that the heart is dependant from something higher and more powerful. The whole poem is devoted to suffering except for one line of pleasure. Isn’t it a confirmation of the religious theme in the poem? Only God has the power to relief pain and give a person a liberty to die as nothing on the Earth happens without God’s will. â€Å"The will of its Inquisitor† (quoted in Vendler 359) is the line which helps make the things obvious. Who can be called the Inquisitor except for God? In conclusion, it should be stated that apart from general opinion that the poem The Heart Asks Pleasure First by Emily Dickinson ahs nothing specific, we can consider the process of human heart and soul development either from personal or religious point of view. Depending on the a ngle of consideration, either personal unrequited love or religion with devotion to God, one can interpret the poem in different ways. As for me, both these ways of interpretation deserve attention. It is just important that the process of soul development and existence is takes as the central issue for discussion. Vendler, Helen. Poems, Poets, and Poetry. Boston, MA: Bedford/St. Martins, 2010. Print.Advertising We will write a custom critical writing sample on The Heart Asks Pleasure First by Emily Dickinson specifically for you for only $16.05 $11/page Learn More

Bio of a Space Tyrant essays

Bio of a Space Tyrant essays Piers Anthony's epic novel Bio of a Space Tyrant acts as a macrocosm of the treatment of refugees and their journeys to freedom. At the time of its creation in the early 1980's, the novel represents the Vietnameseboat people? more specifically, but can still stand for what refugees of all times and from all parts of the world have gone through and continue to go through. Through five volumes, the main character, Hope Hubris, progresses up the societal chain of power, starting as an impoverished refugee fleeing from his home on Callisto and eventually rising up to become President of the United States of Jupiter. It is needless to say that a refugee, even in contemporary America, could never rise to the highest position in the government, however, the novel serves to show that Hope Hubris could work extremely hard to break the pattern of harsh and unfair treatment of refugees, at least for a brief moment in time. The first volume in the series, Refugee, focuses on Hope's difficul t life as a refugee and his emigration to the futuristic United States. This volume shows Hope Hubris and his family as a part of aboat people? community escaping their homeland. ?After the fall of Saigon in the summer of 1975, hundreds of thousands of people began fleeing [Vietnam] for fear of political persecution. They were all secretly escaping the country in small, rickety, and un-seaworthy wooden boats? (?Vietnamese Boatpeople Connection?). In Vietnam, the boat people were escaping the Communist rule that was left after the end of the Vietnam War. The boat family in the novel was also escaping political persecution. Due to the Hubris? low place in society, when Hope got into a fight over his sister's safety with a scion who had a much higher place in society, the family was evicted from their home and forced to start all over again from scratch. Then, when they were leaving their homeland, Callistan authorities followed them: The nether ha...

Wishing Someone a Happy Birthday in German

Wishing Someone a Happy Birthday in German If youre going to speak the language, its important to learn how to wish someone a happy birthday in German. Before giving birthday greetings, though, you need to know about an important cultural point especially among older Germans: Wishing a German a happy birthday before his special day is considered bad luck, so dont do it. And as for gifts and cards you may want to send, make sure to mark on the package that the recipient should open it only on her birthday or afterward- but never before. There are also a number of ways to say happy birthday in German, but birthday wishes can vary widely whether they are spoken or written, or even depending on where the recipient resides in Germany. Spoken Birthday Expressions The following phrases first show how to say happy birthday in German, followed by the translation in English. Note that the translations are the English equivalents and not literal, word-for-word  translations. Herzlichen Glà ¼ckwunsch zum Geburtstag!   Happy birthday!Alles Gute zum Geburtstag!   Have a good birthday!All das Beste zum Geburtstag!   All the best on your birthday!Viel Glà ¼ck zum Geburtstag!   Best of luck on your birthday!Ich gratuliere Ihnen zu Ihrem 40/50/60 etc.   Congratulations on your 40/50/60th etc. birthday.Herzlichen Glà ¼ckwunsch nachtrglich.   Happy belated birthday. Written Birthday Expressions You can write all of the above-mentioned expressions in a card, but if you want something a little more ausfà ¼hrlicher (detailed), you may want to try some of these expressions. Herzlichen Glà ¼ckwunsch zum Geburtstag und viel Glà ¼ck/Erfolg im neuen Lebensjahr!   Happy birthday and much happiness/success in the new year.Ich wà ¼nsche dir zu deinem Geburtstag alles Liebe und Gute- verbringe einen wunderschà ¶nen Tag im Kreise deiner Lieben.   I wish you all the best on your birthday. May you spend a wonderful day surrounded by those you love.Ich wà ¼nsche dir einen herzlichen Glà ¼ckwunsch zum Geburtstag und alles Liebe und Gute und ganz viel Gesundheit und Spaß. Lass dich schà ¶n feiern.   I wish you a happy birthday and all the best and much health and fun. Have a good time celebrating.Herzlichen Glà ¼ckwunsch und alles Gute zum Geburtstag wà ¼nscht dir (your name).   I wish you happy birthday and all the best on this day.Herzlichen Glà ¼ckwunsch zum (birthday number)sten und alles Gute. Happy Xth birthday and all the best. Happy Birthday From All Over Germany Not every city or town in Germany says happy birthday the same way. You may run into variations in dialect, depending on where you are in the country and where the birthday  Junge oder Mdchen, Mann oder Frau  (boy or girl, man or woman) lives. The city or region is listed on the left, followed by the German happy birthday greeting and then the English translation. Bayern (Bavaria): Ois Guade zu Deim Geburdstog!   Happy birthday!Berlin: Alles Jute ooch zum Jeburtstach!   All the best on your birthday!Friesland: Lokkiche jierdei!   Happy birthday!Hessen (Hesse): Isch gratelier Dir aach zum Geburtstach!   I congratulate you on your birthday.Kà ¶ln (Cologne): Alles Juute zum Jeburtstaach!   All the best  on  your birthday!Norddeutschland (Plattdeutsch - Low German): Ick wà ¼nsch Di alls Gode ton Geburtsdach!   I wish you all the best on your birthday.

Labor Law DIscussion board 3 Essay Example | Topics and Well Written Essays - 500 words

Labor Law DIscussion board 3 - Essay Example In Amanda’s case this law presents itself as the most significant resource Amanda has. Amanda has a sick family member and she can’t run the risk of losing her job. With a lot at stake she should seek legal advice on how well to interpret the Family Medical Leave Act. According to the law Amanda is entitled to a 12 week leave to take care of her mum. During this period Amanda does not face the risk of losing her job. However, the law does not provide specifications on whether or not an employee should be provided with medical funds in such a scenario. Additionally, the law does not provide specifications on whether or not an employee should be compensated for the days they spend out of work. But in Amanda’s case the law is the best resource Amanda can be exposed to disregarding the employee- employer contract. The employment contract Amanda signed holds the most significance in this case. The provisions of the contract are always adhered to till termination of the contract. If the provisions of the working contract gave no room for such health policies, Amanda’s employers have an upper hand in the case. However, every citizen is entitled to service by the judiciary system in such situations. Amanda could seek court action to stop her employers for withdrawing her health benefits of her working contract. Additionally, Amanda may legal action to have a medical leave under which her employment contract would also be valid and her health benefits are not withdrawn. These are the only two scenarios that Amanda may have an upper hand. However, her employers may counter these claims by agreeing to pay up the health benefits but request to terminate her working contract. This is because for an unknown period of time Amanda may be out of the working schedule of the company which would in tu rn mean that the organization may find a

Controversy over gay & lesbian couples raising children as opposed to Research Paper

Controversy over gay & lesbian couples raising children as opposed to straight couples - Research Paper Example Even in United States, some states do not allow same sex partners to adopt children. This is also the case in some of the European countries except for England, in which adoption by gay and lesbian couples have been legalized in order to provide parents to homeless children. Around the world, countries vary in the level of rights they provide to gay and lesbian couples in terms of adoption (Simon & Brooks 2009). There are two sides to this argument of whether same sex partners can be good parents or not. Some individuals believe that if gays and lesbians adopt children, they then will be preventing heterosexuals from adopting; however, many gays and lesbians adopt children from foster care or other countries as it is difficult to find families for these children (Adamec & pierce 2000). The analysis of how fine the kids grow with gay couples or straight couples is still incomplete and the conservatives think that these adoptions should not be legalized until it is proved that same sex parenting is completely safe. Other side of the argument says that the sexual orientation of the parents have no connection with the upbringing of the children. They say that the child’s social, emotional and behavioral patterns are not affected by this issue. Gay rights groups in many states fought for the right of gay adoption, which gradually began to change the climate on this issue (Kranz & Cusick 2 000). It is considered by liberals that both women and men have the same capability to be good parents. The children of same sex partners do not show different behavior if compared to children raised by straight parents. With the gradual change in the society, the concept of perfect straight couple marriage is gradually fading. There are other alternatives which are now acceptable as a perfect marriage model. Many countries are gradually accepting this fact

Why I Need A College Degree Personal Statement Example | Topics and Well Written Essays - 750 words

Why I Need A College Degree - Personal Statement Example Additionally, I need a college degree in order to cope better in turbulent economic times including recession. This is based on what I have gathered from research that individuals without a college degree were the worst hit by the recession and they had difficulty recovering from it after 2007 (Penn State, 2010). Another reason I need a college degree is to advance my critical thinking skills. College education will expose to situations that will challenge my existing knowledge and make me develop new ways of thinking and analyzing issues without taking some things for granted. Despite of the knowledge I have got while in service, I need a college degree in order to remain updated. Today’s world is changing fast and it requires a person to change at its pace and college education will equip me with the latest knowledge especially since college is a hub of research. In addition, more people are increasingly pursuing college education and as such, I need a college degree in order to identify and interact meaningfully with peers who are pursuing college degrees (Penn State, 2010). I need a college degree because it will be a step towards personal fulfillment and actualization. Besides the ease that the knowledge I will get from a college degree will give me working for a law enforcement agency, the certificate will be an artifact of achievement and will add to my fulfillment in life. This will further help me to motivate my children in their academic endeavor and to demonstrate to them that age is not a factors to academic success. I need a college degree for professional credibility that is important in today’s world. Peers and clients are confident working with a person whose service and capacity is credible and whose qualification is not doubtful. While it is possible to perform well in a job even without a college degree, I need a college degree because it will add onto better job performance. This is because college education will give me more

Managing Project Essay Example | Topics and Well Written Essays - 3000 words

Managing Project - Essay Example Work based structure defines the scope and work effort relationship hierarchy of all commercialisation activities on the other hand; Gantt chart indicates general sequence and period that project activities will take. Critical path analysis (network) illustrates logical sequence of all project activities while earned value management technique measure the overall progress and performance of the project from the beginning to the end. The commercialisation project is expected to last for twenty-five weeks. The activities involved in the commercialisation of 100 ML are conducting market research, team building, marketing plan preparation, product launch, product promotions, acquisition of licenses and formal requirements, protection of property rights and distribution of the product to various selling points. For the team to plan and implement commercialization of 100 ML appropriately, the team members must be highly prepared and cohesive. This will be achieved when the leader clearly d efines company’s missions and vision; support innovation; make the team think success; value product and service superiority; pay attention to details; value all the team members and reward team work. Commercialisation of 100 ML is expected to cost Mobtech ?1727460. 1.0 Introduction Mobtech is one of the youngest mobile device developers in the market and has recently developed 100 More Life (ML) new mobile phone devices. The company intends to sell five hundred thousand 100 ML devices before the end of March 30, 2012. Production of the new mobile device is aimed at boosting company’s sales before the end of the first quarter of 2012. 100 ML is convenient to use, carry and has long lifespan. It is also sleek and will appeal to wide variety of customers globally. Commercialization of 100 ML will be undertaken by a team of eleven executives from the sales and marketing department and is expected to last for not more than twenty-five weeks. Project management is one of th e disciplines in professional and educational realms, which will enable sales and marketing team of Mobtech to manage commercialization of 100 ML effectively. Schwindt (2005) asserts that project management theory prescribes project management techniques and tools that are used to schedule, allocate resources and monitor as well as evaluate performance of any given project. The project management techniques and tools that are important in managing the marketing and sales project of Mobtech include work based structure, Gantt chart, critical path method and earned value management. The marketing and sales team of Mobtech is responsible for planning and implementing the entire project from the beginning to the end. However, they are free to engage industry a consultant in areas that they feel external input is critical for planning and implementing the sell of 100 ML mobile devices. To do this, they will borrow heavily from project management theory. The project plan will define proje ct objectives, strategies, monitoring and evaluation techniques as well as the budget. The sales and marketing cost will cover market research, team building, marketing plan preparation, product launch, advertisement, licenses and formal requirements, trademark, commissions and distribution. To prepare the project plan, sales and marketi

The impact of social networking on our daily lives Research Paper

The impact of social networking on our daily lives - Research Paper Example The development of formal and informal contacts takes place in the social networks, Facebook, twitter, LinkedIn and Google plus. Statistics show that over 1.2 billion people use Facebook as a social network (Hunter 27). Despite the fact that it can be termed by many as the greatest development of the twenty-first century, it is still a high predator against social values, social structures and moral development. This paper aims at discussing the impacts of social networking (both positive and negatives) and arriving at a point of concluding whether social networking should acclaim praise or reprimands. Discussion Most people believe firmly that social networks breed better than evil in society. There are major positive impacts as a result of electronic information exchange. To start with is the promotion and facilitation of competition in trade. This can be achieved through harmonization of business practices, standardization of information, convenience in reaching out to sister comp anies and the market. Social networks have enabled consumers to maximize their freedom of choice. Organizations can, therefore, win consumers by producing only the best and also having an up to date integrated information system (Hunter 30). Such like competition enhance economic growth and development. To add further on the impact of social networking to the global economy, millions of people today get employed by social institutions. These employments can be appreciated for alleviating poverty, higher standards of living and the decrease of the dependency ratio. The management of huge organizations can enjoy reduced costs of managing this can mainly be through, ease in channeling of information between and/or among branches, eased supervision, and coordination of decision making in different branches (Peacock 42). The social network has also been a major tool used by investors who are willing to establish new companies. The major role played by the networking is the identification of new brand name. This can be achieved by the sharing of ideas in the networking. The companies can also use the network to advertise their products. This is easily achievable because many people use the social network therefore, the company can reach its market in a more convenient way. The network has also enabled organizations to spy on their competitors. This tool has led to the success of firms as they have defined level of competition and are able to perform within the standards of competitors (Hunter 32). Social networking has also developed a platform where businesses can do their research on. Organizations are able to view the comments of their customers towards the products they are producing. This is caused by the fact that people are able to express themselves and also share their own ideas (Gattike 14). The network gives the firms a platform where they can interact with its customers; they are able to ask their customers' questions. This gives them a chance to know th e quality of their products and respond accordingly. They are also able to understand the amount of utility a consumer derives from their products (Ryan 59). Social networking also enables people who may be seeking a job. Many sites in the social network contain many job opportunities which are advertised by different

Proven Practices for Securing Your Website against Distributed Denial Research Paper

Proven Practices for Securing Your Website against Distributed Denial of Service Attacks - DDoS - Research Paper Example It was identified that an Internet bulletin board called as 4chan initiated the attack by utilizing readers of the Internet bulletin board who participated to a campaign called as ‘payback’ to initiate a DDOS attack (McGARVEY, 2013). Likewise, the Motion picture association was apparently stimulated an Indian organization called as Aiplex for carrying out in contradiction of piratebay.com that is a file sharing website. As a result, Motion picture association was not available for more than a day and got attention of the media such as Reuters, British Broadcasting Company, London telegraph etc. One of the security research expert or advisors, Mr Sean Paul spoke on media about this incident and named it as ‘the future of cyber protests’. Likewise, he predicted that this is a part of a protest. Later, the assumptions made by the security expert were true, as again same type of attack was organized and time was the target was a credit card industry. The major p layers targeted in this attack were PayPal, MasterCard, Swiss banks and many others, as the objective was to impose penalty to these organizations for not providing services associated with whistleblowing site Wikileaks (Mansfield-Devine, 2014). Conversely, Wikileaks reported an incident i.e. DDOS attack soon after publishing highly confidential United State diplomatic cables. Later on, all the servers were moved to Amazon cloud seeking protection from these attacks (Crosman, 2014). Another DDOS attack targeted Russia’s most popular newspaper website more than one time within the last 24 months. The attacks were disabled for a week but Sokolov, who is executive editor in chief, is still seeking a cyber-criminal behind these attacks. Likewise, he suspects a government funded agency ‘Kremlin Youth’ is behind these attacks, as no support was given by the local authorities within the country. It is eminent that these DDOS attacks are now considered

The impact of social networking on our daily lives Research Paper

The impact of social networking on our daily lives - Research Paper Example The development of formal and informal contacts takes place in the social networks, Facebook, twitter, LinkedIn and Google plus. Statistics show that over 1.2 billion people use Facebook as a social network (Hunter 27). Despite the fact that it can be termed by many as the greatest development of the twenty-first century, it is still a high predator against social values, social structures and moral development. This paper aims at discussing the impacts of social networking (both positive and negatives) and arriving at a point of concluding whether social networking should acclaim praise or reprimands. Discussion Most people believe firmly that social networks breed better than evil in society. There are major positive impacts as a result of electronic information exchange. To start with is the promotion and facilitation of competition in trade. This can be achieved through harmonization of business practices, standardization of information, convenience in reaching out to sister comp anies and the market. Social networks have enabled consumers to maximize their freedom of choice. Organizations can, therefore, win consumers by producing only the best and also having an up to date integrated information system (Hunter 30). Such like competition enhance economic growth and development. To add further on the impact of social networking to the global economy, millions of people today get employed by social institutions. These employments can be appreciated for alleviating poverty, higher standards of living and the decrease of the dependency ratio. The management of huge organizations can enjoy reduced costs of managing this can mainly be through, ease in channeling of information between and/or among branches, eased supervision, and coordination of decision making in different branches (Peacock 42). The social network has also been a major tool used by investors who are willing to establish new companies. The major role played by the networking is the identification of new brand name. This can be achieved by the sharing of ideas in the networking. The companies can also use the network to advertise their products. This is easily achievable because many people use the social network therefore, the company can reach its market in a more convenient way. The network has also enabled organizations to spy on their competitors. This tool has led to the success of firms as they have defined level of competition and are able to perform within the standards of competitors (Hunter 32). Social networking has also developed a platform where businesses can do their research on. Organizations are able to view the comments of their customers towards the products they are producing. This is caused by the fact that people are able to express themselves and also share their own ideas (Gattike 14). The network gives the firms a platform where they can interact with its customers; they are able to ask their customers' questions. This gives them a chance to know th e quality of their products and respond accordingly. They are also able to understand the amount of utility a consumer derives from their products (Ryan 59). Social networking also enables people who may be seeking a job. Many sites in the social network contain many job opportunities which are advertised by different

Advanced Internet Development Essay Example | Topics and Well Written Essays - 2000 words

Advanced Internet Development - Essay Example The next step after acquiring people to the page is a means of converting and keeping them for long time as customers in order to get value from them. After the website has captured their real customers, it should now come up with a means of retaining them in the website by making them come back even with visitors. There should be potential in doing all these to ensure the website is successful (Read, 2001). Web applications and websites in the recent world come to be the most popular tool that businesses and organizations like to connect with their customers, users, and prospects (Welling and Thomson, 2008). Attacks can occur in these web applications due certain security flaws. These attacks can harm the business by exposing sensitive information of the customers and the business, steal customer’s information and finally ruin the business reputation. Recent studies conducted showed that over 70% of all web applications are vulnerable to security flaws. Most of security flaws occur in the PHP coding (Standing, 2000). Attacks that may occur in web applications include Remote code execution, SQL injection, Format string vulnerabilities, Cross Site Scripting, and Username enumeration. These attacks occur due to somewhat poor programming approach. It is therefore important for web developers and designers to have knowledge on these attacks. These attacks results from factors discuss ed below. Remote Code Execution is where any desired information is retrieved from the web application. This is done when the attacker runs system code on the vulnerable server. The attacker access information and may go undiscovered by the web administrators (Weber, 2004). The attacker may also include any arbitrary files on the web application. An example of such attack is carried when an attack executes such an exploit code. SQL Injection is considered an old approach in web application security but it is still popular with the attackers. Here the attacker retrieves crucial and

Canadas Victory in the Battle of Vimy Ridge

Canadas Victory in the Battle of Vimy Ridge Canada entered World War One as another country considered to be part of the British colony, and left it with a refined sense of nationalism that would finally lead to the end of Britains authority over Canada. The Canadian victory in Vimy ridge brought Canada a sense of pride. Womens active role in Canada during World War One changed the views of many Canadians in a positive way. Canadas achievements during the Great World War made Canadians have more love and loyalty to their country. Men and women had battled relentlessly during World War One and earned great respect from their country, which caused the increase of Canadian nationalism. Canadas involvement and victory in the battle of Vimy Ridge changed the views of many Canadians and it brought them a greater sense of nationalism. Historians have said Canadian nationalism was born atop the Vimy Ridge in the northern France on April 9, 1917, when the 100,000- strong Canadian corps claimed a strategic prize from the Germans near Arras, France that other allies had failed to capture. [1]After Canada conquered Vimy ridge, Canada was the first allied force that achieved a victory against the Germans. Canadian troops from then on gained the reputation of being tough, courageous, and successful fighters. Their outstanding achievement in the battle of Vimy ridge is what brought them a sense of pride. The feeling of empowerment and respect from other nations is what enhanced Canadian nationalism during and after the Great World War. Canadas achievements in the battle of Vimy Ridge brought a great sense of accomplishment to many Canadians. The victory at Vimy, won by troops from every part of the country, helped unite many Canadians in pride at the courage of their citizen-soldiers, and established a feeling of real nationhood.[2]During the battle of Vimy Ridge, it was the first time all Canadians fought together in a combined force. This encouraged troops to come together as one nation and work as a team to defeat the Germans at Vimy Ridge and is what helped unite many Canadians in a sense of greatness and pride. This is what made Canada considered an independent nation and that is what contributed to the increase of Canadian nationalism. The outlook of many Canadians changed as the success and victory of the battle of Vimy Ridge had brought them a better sense of nationalism. It is difficult to avoid the conclusion that if Vimy Ridge had been captured by a British or French formation instead of the Canadian Corps, this action would not enjoy its current celebrity, Sheffield writes.Vimy Ridge resonates largely because of its role in the growth of Canadian nationalism. [3]Canadians after the success of Vimy Ridge believed that they could stand on their own two feet and fight for them selves without the help of Britain or other allied nations. This proved Canada was a strong country and an independent one too. This in turn is what made Canada have a greater sense of devotion to its country. The role of women in Canada during World War One changed the perspective of many Canadians and increased their sense of nationalism. Women were an essential component of the Canadian war effort and their efforts on the home front, in factories as well as on the battlefront were important to a successful outcome.[4]During World War One woman were called on by necessity to do work and take on roles that were outside their traditional expectations. They became an important part of Canadian society, and became more valued by the people of Canada. This wasnt considered the norm back in the day for women to be doing things like that. By Canada encouraging women to be involved in helping out in the war and at the home front, more Canadians have a greater sense of nationalism because they feel like their treating women with more respect. Canadian women performed no less than men did during the Great War. Many Canadian women worked in factories. Their contribution to the war showed that women had great courage and could do the same things the men could do. [5] Women moved into the labor force to do the jobs of men so that they can earn a living, help out the country and the men fighting over seas. This increased nationalism in Canada because Women had gained more rights and had a more active role in the society, which brought Canada closer to its national identity. Womens significant contribution to the Canadian war effort showed Canada had different beliefs from other nations. The Great War dramatically changed the lives of women in Canada. Womens active roles during world war one brought a better sense of pride to the country, which set Canada aside from other nations. [6] The Canadian women that help out during the war years changed the way Canadians felt about its country. Women were treated with a little more respect than before and had the opportunity to be apart of the work force which was different from what the world was used to. The womens active roles during The Great World War changed the views of many Canadians in a positive aspect which set aside Canada from the rest of the world. Canadas achievements on the battleground demonstrably promoted Canadian nationalism. One of the battles in which Canada fought courageously and determinedly was the battle of Ypres. Commander of the Second British Army, General Smith Dorrien said No words Could Be kinder or full of praise. The whole army realized that it was only the gallant actions of the Canadians that saved Ypres: otherwise one the greatest disasters in history of the British Army might have occurred.[7] Canadas involvement in the battle of Ypres changed the way many Canadians felt about their country and brought them a better sense of nationalism. When the Canadian army won the battle of Ypres using unreliable artillery (Ross riffles) its showed that Canadians could make due with what they have and win a battle no matter what the circumstances are. Canadas effort in the battle of Ypres changed the way Canadians felt about its country in a positive way. The accomplishments on the battle field increased Canadian nationalism; one of the battles was the battle of Somme which got Canada a new reputation of being known as storm troopers. War correspondent, Phillip Gibbs said The Canadians have gained great glory by their attack. Though swept by machine guns, and meeting stubborn defence, they carried a stronghold and captured hundreds of prisoners. The full story of the Canadian victory will thrill the great Dominion like a heroic song. They were careless of death, so they might win[8] During the battle of the Somme Canadian soldiers got the glorious reputation of being called storm troopers because of their restlessness on the battlefields. Although they were not victorious in defeating the Germans it showed that Canada had some clever tactic such as over the top, (which was when armed forces climbed over the trenches and advanced over the enemy) to attempt to defeat the Germans. The effort of the Canadian soldiers during the battle of the Somme showed Canadas capabilities and potentials in war which enhanced Canadian pride and devotion. The Most bloodiest battle in which Canadians fought in was the battle of Passchendaele. It was one of the most historical and successful battles of Word War One for Canadians although they were not successful in the battle. General Haig said proudly The Canadian have performed superbly, maintaining their spirit and pursuing their objectives in the face of overwhelming odds. They have defined the Passchendaele mud. [9] As the Passchendaele mud was a hard obstacle, the Canadians refused to back down and with spirit they charged forward concurring their goals as well as facing the great unlikely hood of survival. This showed the Canada had mental stability and no matter what the conditions were on the battlefield, they were always determined to win and this is what lead to Canadian nationalism because Canadians to be part of a country that is known to be great and outstanding fighter. During the First World War both men and women had battled courageously, weather it being on the battlefields or on the home front, thus increased Canadian nationalism. Canadas victory in the battle of Vimy ridge increased the positive views of many Canadians. Canadian regarded the active role of women in a positive manner which reflected the increase of nationalism during World War One. Canadas great accomplishments during the Great World War increased Canadas love and patriotism to its country. World War One, as many other events has made a great impact on the increase of Canadian. Birth of nationalism. CTV new report [Electronic Bulletin board]. April 2007- [cited 11 October 2009]. Available form [emailprotected] http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20070402/vimy_90years_070402/ The capture of Vimy Ridge. Veterans Affair Canada [electronic bulletin board]. September 1998- [cited October 1 2009]. Available form [emailprotected] http://www.vacacc.gc.ca/remembers/sub.cfm?source=history/firstwar/vimy/vimy5 Vimy Ridge Status in Canadian History Canada.com [electronic bulletin board]. 2001-[cited October 7 2009]. Available form [emailprotected] http://www.canada.com/topics/news/story.html? id=ccaca4a5-12a7-4b8c-b6a1-9c6469411fd1k=20506 Pat Station, Canadian Women and World War One (Toronto: Green Dragon Press, 2006), 15. Pat Station, Canadian Women and World War One (Toronto: Green Dragon Press, 2006), 31 A.G. Smith and Robert Livesey, Discovering Canada: The Great war(Markham, Ontario: Fitzhenry and Whiteside,2006),36 G.W. Larkin and J.P. Matersky, Canada in the Twentieth Century World War 1(Markham, Ontario: Fitzhenry Whiteside, 1987),18 G.W. Larkin and J.P. Matersky, Canada in the Twentieth Century World War 1(Markham, Ontario: Fitzhenry Whiteside, 1987),23 Kathryn M. Bindon, More Than Patriotism( Toronto: Thomas Nelson Sons Limited, 1979), 121

gatdream Fitzgerald’s The Great Gatsby - Casting Doubt Upon the American Dream :: Great Gatsby Essays

Casting Doubt Upon the American Dream in The Great Gatsby   The Great Gatsby' is set in the Jazz Age of America, the 1920s which have come to be seen as a bubble of extravagance and affluence which burst with the Wall Street Crash in 1929. Fitzgerald wrote the book in 1925, and in it he explores the fundamental hollowness which characterized the Age as he saw it, and casts doubt upon the very core of American national identity - the American Dream. The American Dream is a concept elegantly simple and yet peculiarly hard to define. At the root of it is the sense that America was created entirely separate from the Old World; the settlers had escaped from the feudal, fractious and somewhat ossified nations of Europe and been presented with a chance to start anew - "a fresh green breast of the new world." From this blank slate, those first idealistic settlers had created a society where "all men are created equal" and everyone had the chance to do the best for themselves as they could. Let us examine the passage from the Declaration of Independence from which that quote is taken: "We hold these truths to be self-evident, that all men are created equal, that they are endowed with certain inalienable rights, and that among these are life, liberty and the pursuit of happiness." A fine and daring ideal in the 18th century, and at the heart of what America hoped that it stood for. 'The Great Gatsby' examines how this dream existed in the early 20th century and whether or not it had been accomplished. The American Dream permeated all of society, and so every one of the characters in the book is in some senses a reflection of the the world envisaged by Jefferson and Washington, and even before them by those first people fleeing to a new life in the New World. When we examine the characters in the book we can immediately see that they are not all born equal. Daisy and Tom, and to some extent Nick, are born into a rich, 'old money' environment which is symbolised in the novel by the established wealth of East Egg - a place of glittering "white palaces". Gatsby and the Wilsons are not 'old money', and despite Gatsby's wealth we get the impression throughout the book that through all his parties and social events he is trying to join that old clique, but never succeeding in elevating himself to the "distinguished secret society" of Tom and Daisy.

Paula Jones Lawsuit Against Bill Clinton :: Free Essays

Paula Jones' Lawsuit Against Bill Clinton A lawsuit has been filed by Paula Jones, a clerk for the Arkansas Industrial Development Commission, for sexual harassment by then Governor Clinton. In her lawsuit, Paula Jones states that Clinton told an Arkansas State trooper to escort her to a private hotel room where she claims that she was sexually harassed. There are two sides to this case: Clinton states that he did not do it and that he has never seen this person before. Clinton's lawyers say that forcing the president of the United States to answer to a lawsuit will distract him for his already hard and time-consuming job. On the other hand, Paula Jones says that "no one is above the law," not even the President of the United States. What she wants most is for the truth to come out and for her story to be heard. "In no way is she looking for her fifteen minutes of fame," Jones says. The case is going before the Supreme Court to decide whether to reverse the decision of the two lower courts and delay the sexual harrassment lawsuit until President Clinton leaves office. It could be months before the verdict from the Supreme Court will be announced. I believe that the case should be held at a later date when President Clinton is no longer in office. It takes away from his job which is to run the United States of America. Fifteen years ago, the Supreme Court blocked a damage suit against Richard Nixon with a five to four vote finding that the president is immune from being suied for his official acts. If the president gets in trouble, the whole nation is also in trouble because after all we did elect him. Our confidence in our political leaders will suffer, and out

Point of View in Toni Cade Bambara’s “The Lesson” Essay

Point of view is an essential element to a reader’s comprehension of a story. The point of view shows how the narrator thinks, speaks, and feels about any particular situation. In Toni Cade Bambara’s â€Å"The Lesson,† the events are told through the eyes of a young uptown girl named Sylvia. The reader gets a limited point of view because the events are told strictly by Sylvia. This fact can influence the reader to see things just as she does. The strong language gives a unfamiliar reader an illustration of how people in the city speak. Bambara does this to show a different kind of life that may be new to the reader and may aid in the comprehension of the street life. The reader gets a sense of Sylvia’s personality in the very beginning of the story as she talks about Miss Moore. Sylvia’s opinion of her is not one of fondness. She says that she hates Miss Moore as much as the â€Å"winos who pissed on our handball walls and stand up on our hallways and stairs so you couldn’t halfway play hide-and-seek† (307). By comparing the hatred to something she enjoys, we see what a kid in the slums does for fun. Sylvia feels that Miss Moore always plans â€Å"boring-ass things for us to do† (307). Miss Moore seems to be different from what Sylvia is use to. Sylvia harps on the fact that Miss Moore is educated. This shows that Sylvia is not use to being around educated people. She dislikes the fact that Miss Moore is a woman with â€Å"nappy hair and proper speech with no makeup†(307). Sylvia continues to describe her as a â€Å"nappy head bitch and her goddamn college degree† and would rather do things that are fun instead of listening to her. Miss Moore attempts to teach the children about the difference of how some people spend money. Sylvia feels insulted and thinks Miss Moore is calling them â€Å"retards† when she asks the group do they know what money is. The first lesson is to figure out how much of a tip they are suppose to leave the cab driver. Sylvia wants to keep the money and jump out of the cab and spend the money on some barbeque. Theft seems to be a common feature within the group. Later, when they are at the store, Sugar asks â€Å"can we steal† (308). Miss Moore shows the kids the prices of several objects and they are amazed at some of the costs. They try to figure out how long they could save up to buy things such as a thirty five-dollar birthday clown. The children think about how thirty-five dollars would be used to buy necessities instead of luxuries. The kids think that only white people would buy the objects that they see. Rosie Giraffe says that â€Å"white folks† are crazy in the way they spend money. This exemplifies the difference in the standard of living from one part of society to another. Ultimately, Bambara wants to show the reader that there is a different view of life through the eyes of someone from the city. The attitude of Sylvia and her friends is an attribute to their surroundings. The lesson that they learn is one that the reader receives also. Bambara shows how some people can spend money on items that seem unimportant to the kids. Sylvia appears to brush off the whole experience by constantly criticizing Miss Moore and thinking negative thoughts of her. In the end, the reader can see that Sylvia has soaked up some of the events and wants to strive to have some of the finer things. The fact that â€Å"ain’t nobody gonna beat me at nuthin† shows that Sylvia is going to be the best of anything she pursues (312). Bambara wants the reader to see that there is another type of lifestyle in the city. It is not to belittle Sylvia and her peers just to show that there is a difference of values. In this novel, that value is the difference of spending money.

Just in Time Concept

Financial AccountingS. Das Income Measurement and Accrual Accounting Recognition and Measurement in Financial Statements DEFINITIONS Revenues:inflows of assets or reductions in liabilities from selling goods and services Expenses:outflows of assets or increases in liabilities used up in generating revenues. Recognitionformal recording of an item in financial statements, in words and numbers Measurementquantify the effects of economic events numbers unit is money – dollars historical cost – recorded for simplicity, verifiability, reliability Current cost-relevant but less reliableOnly an estimate until item is sold Net income= Revenues-Expenses. Incomeamount of resources available for consumption at the end of a period and yet be as well off as it was at the beginning of the period. CASH BASIS Versus ACCRUAL ACCOUNTING So if we DEFINE PERIOD to be lifetime of a firm (which can only be defined for a firm with a finite life) then we are only interested in the earnings of a firm over its lifetime. In that case: a. just wait until the firm dissolves. b. Add up all the cash inflows over its lifetime other than those for sale of own stock. c.Add up the cash outflows over its lifetime other those for stock repurchase or dividends. d. Find the difference between cash inflows and outflows and YOU HAVE NET INCOME. e. THE ABOVE IS ALWAYS TRUE. However, if you DEFINE PERIOD TO BE ANY INTERVAL SMALLER THAN THE LIFE TIME when you wish to get information on earnings as intermediate feedback, then there is the following problem: -transactions may not be complete on a cash to cash basis – because the earnings process is continuous – Period1buy inventory for $5 Period2pay for inventory Period3sell and deliver inventory for $15Period4receive payment from customer. KEY QuestionWhen should revenues and expenses be recognized? One possibility is the cash basis recognize revenues at time of receiving cash and recognize expenses at the time of paying cash. E xample: A toy retailer starts business on January 1, 2000. The retailer Mr. XYZ pays two months rent in advance on his store for $2000. He also purchases and pays for toys worth $35,000. However, during the month of January, he sold no toys. During February, he sells all the toys he has for $45,000 but collects only $5000 of that in cash.He expects the neighborhood children to pay the remaining $40000 in March. JanFebruary Revenues—————– Less: Expenses Cost of toys—————– Rent—————- Total Expense—————- Income—————– Limitations of Cash basis 1. expenses are not aligned in time with the revenue that they produce. 2. recognition of revenue is unduly postponed. A Second possibility is the use of Accrual basis – depends upon when some critical event occurs. What happens to income (accrual basis) using same example? JanFebruary Revenues—————– Less: Expenses Cost of toys—————–Rent—————- Total Expense—————- Income—————– Comparing the Cash And Accrual Bases of Accounting -Basic difference one of timing Recognize Revenue whenRecognize Expense when Cash Basis cash is received cash is paid Accrual Basisrevenue is earned it is incurred Exhibit 4-2 transparency Accrualmatching of expenses with the corresponding revenues OR match resources used (expired assets- expenses)to generate revenue. The accrual concept forces accountants and managers to focus on changes in owner’s equity rather than merely reporting changes to the cash or other assets.The realization concept underlies the decision rules that accountants use in determining when revenues should be recognized and expenses matched to them. The Revenue Recognition Principle Revenue:Increase in Asset Or Decrease in Liability from Delivery of Goods Or Services Realized:Goods Or Services Exchanged for Cash Or Promise of Cash . Earned:Revenue earned when realization is complete or no significant obligations left How are Revenues recorded? †¢At the same time as cash is collected. †¢Before the time cash is collected. †¢After the time cash is collected. Possible Interpretations of Recognition Principle:Percentage of Completion:For long term projects, revenue recognized as stages are completed, based upon proportion of total cost incurred, Franchises: Initial fee recognized as revenue only FAS 45 â€Å"substantial performance† of its obligations B&J 32 Production MethodCommodities – Traded at established price; so revenue recognized when they are produced. Installment Method:opposite of production method: no reasonable basis to estimate collectability, so revenue on sale recognized as cash is collected Continuously:such as rent and interestThe criteria used in accounting to decide the recognition of revenues is : †¢A firms has performed all, or a substantial portion, of the services it expects to provide. †¢The firm has received cash, a receivable, or some other asset whose cash equivalent it can objectively measure. Expense Recognition and the Matching Principle The matching concept relates revenues and expenses so that owner’s equity is neither overstated nor understated at any points in the steam of events that constitutes operations. Expensewhen an Asset Has No Future Benefit i. e. It Is Used Up [Or] a Liability Is Incurred.Matching:Associate Revenues with Costs (expenses) Necessary to Generate them UnexpiredSometimes not done with specific items of product sold, but with period in Assets which they were sold eg. sales clerks' salaries are expensed in the period in which employees worked. Expired Some things never go through asset stage, since benefit is seen to expire as soon Assets as costs expended (purchased) = Period Costs; eg. utilities costs, telephone, fuel for vehicles (not asset) Two examples: 1. Expired asset versus 2. Expensing of benefits/ resources that never went through asset stage.A. Depreciation Expense estimated useful life and eventual salvage or resale value Manipulation to increase or decrease income Salvage deducted before calculating periodic expense because it is expected to be recovered and will remain an asset. B. Research ; DevelopmentDell Computer in its 1995 Annual Report list â€Å"Research, development and engineering† of $65,361,00 as operating expense on Income Statement. – an expense is an asset whose usefulness to the company is complete – it is deemed that R;D has no future benefit left hence out right expense without going through asset stage.For an accrual based company, Statement of Cash Flows provides information on Sources and Uses of Cash. Accrual basis necessary because we divide the earning of income, a process that takes place over a period of time, into artificial segments (reporting periods). Example: In the 1995, Income Statement Maytag Corporation had a net loss of $20,476,000. Their Statement of Cash Flows showed an increase in cash equivalents of $30,811,000. Cash provided by operating activities was $319,979,000. How can a company with a net loss have a gain in cash?This is possible if expenses exceeded revenues since Income statement is on accrual basis. It contains revenue amounts that may not have been realized in cash (still in accounts receivable) and expenses that may not have been paid for such as depreciation, and unpaid purchases. Also look for income from continuing operations versus loss due to extraordinary items and disposal of existing business. (As was the case in Maytag 1995) Accrual Accounting and Adjusting Entries: at end of period – Four Types: 1. Deferred Expense: Cash Paid before Expense Is In curredAsset created; as asset expires it becomes an expense, via adjusting entry Entry DuringAsset End of Expense period Cash period Asset eg. * prepaid rent becomes rent expense, a month at a time * Depreciation allocates cost of asset over its useful life – does not measure decline in value ? Based on estimates of salvage value and life of asset ?Periodic expense= [actual cost – est. salvage value]/estimated life ? debit is depreciation expense ?credit is not to asset account, which will always reflect cost, ? but to accumulated depreciation- contra account that is, an asset account with a credit balance 2. Deferred RevenueCash Received before Revenue Is Earned Liability Created Because Goods Or Services Still Owed EntryDuringCashEnd of Liability period Liability period Revenue ?Eg. unearned â€Å"the other company† from deferred expense entries ? for example, The landlord who received the prepaid rent has a deferred revenue ? liability is reduced, revenue inc reased, as time passes ?magazine subscriptions received in advance, earned as magazines mailed 3. Accrued LiabilityExpense incurred before Cash Is PaidOpposite of deferred expense EntryDuring-End of Expense period- period Liability Eg. taxes, payroll, utilities; interest for short term loan paid at maturity with principal 4. Accrued AssetRevenue Earned before Cash Is Received Opposite of deferred revenue EntryDuring-End of Asset period-periodRevenue ?both rent and interest are earned as time goes by, regardless of when cash received ? need adjusting entry if payment is not received. Exhibit 4-5 (text pp. 165) Example: P4-2 REVISITING THE ACCOUNTING CYCLE Steps taken to collect the necessary information to prepare financial statements (Exhibit 4-8) . Collect and Analyze 2. Journalize Events 3. Post to Ledger Accounts(Results in Unadjusted Trial Balance) 4. Journalize and Post adjustments(Results in Adjusted Trial Balance) 5. Prepare Financial Statements 6. Journalize and Post Closing Entries(Results in Post-Closing Trial Balance) 7. Post Closing Trial Balance 8. Optional: Reversing Entries The Closing Process: Two types of accounts:Balance Sheet= real accounts = permanent Income Statement= nominal accounts = temporary (Includes Dividend account) Purpose of closing entries:-Close temporary accounts -transfer net income (loss) to retained earningsProcess of closing: Debit Each Revenue Account: Sum Up a Single Credit to Income Summary. Credit Each Expense Account, Sum Up a Single Debit to Income Summary. Debit Income Summary If It Has a Credit Balance (Company Had Net Income) ORCredit Income Summary If It Has a Debit Balance (Company Had Net Loss) Credit Dividend Account, Debit Retained Earnings Exhibit 4-9 (text pp. 171) Example 1:E4-23. Ben ; Jerry’s Example 2:Let us look at McDonald’s Corporation’s 1998 Statement of Income shown on Page 139 of your text. Notea. Retained Earnings at the beginning and end of 1998 were $12,569 and $13,879. mil lion respectively. b. Total dividends paid to common and preferred shareholders were $239. 5 Use the numbers from the Income Statement to Reconstruct the relevant account balances. Then Close them to Income Summary and from there to Retained Earnings. EXAMPLE P4-10 Post-closing Trial Balance will only contain Balance Sheet accounts.When is a sale a sale? In an article concerning troubled MiniScribe Corporation (The Wall Street Journal September 12, 1989 – MiniScribe’s Investigators Determine That â€Å"Massive Fraud Was Perpetrated†. ) it was stated that â€Å" †¦ he company dramatically increased shipments to three warehouses, booking $56. 4 in sales and gross profit of $5. 4 million. † (Note that the warehouses being shipped to belonged to MiniScribe) The volume of shipments only called attention to the problem – it was not the problem. Problem is it is not Customer’s warehouse but MiniScribe’s – shipping goods to ones? own warehouse is not a sale – but a relocation of inventory – must be an arm’s length transaction.This was one among many violations – MiniScribe was also shipping bricks to an fictitious company, and recording them as sales revenue. 1. Claiming Tomorrow’s Profits Today, Forbes, October 17, 1988, p 78. Case 4-1:Ben ; Jerry’s Revenue Recognition – Initial Franchise Fee Footnote on 147 of text. FASB SFAS 45 allows franchisor to recognize initial franchise fee as revenue only when â€Å"substantial performance† of its obligations and when collection of the fee is reasonably assured. Revenue Recognition: The Company recognizes franchise fee as †¦.. when services required by the franchise agreement have been substantially performed†¦. 1. Consistent with SFAS 45.The footnote refers to certain mandatory services that the company promises to perform for the new stores. Performance of these services is the basis for recognizin g the fee as revenue. Note that the footnote specifically uses the wording substantially performed. 2. The company recognizes the franchise fees as revenue in proportion to the stores for which the required services have been substantially performed. 3. Franchise fees are not large relative to net sales in any of the years. Franchise fees are less than 0. 4% of net sales in each of the three years. Unearned Revenue: Realizability Vs.Earned criteria – realized BUT has it been earned?. 1. Case 4-2:Gateway- Revenue Recognition Refer to page 30 of Gateway’s Annual Report, under â€Å"Summary of Significant Accounting Policies† 1. Gateway recognizes revenue from product sales when products are shipped. Revenue from separately priced extended warranty programs is deferred and recognized over the extended warranty period. 2. â€Å"Extended warranty programs† are contracts to service products for a period beyond the original warranty. These contracts are purchase d for an additional amount above the product purchase price. . The revenue from the extended warranties is recognized over the warranty period because it is earned over the entire period, as coverage is provided. 2. Case 4-3: Sears, Roebuck, ; Company – Revenue from Service Contracts. 1. Under the accrual basis, revenue should be recognized when it is earned, rather than when cash is received. Since the retailer incurs costs to repair damages over the life of the service contract, the revenue from the contract is also earned over the life of the contract. 2. Revenue to be recognized each year: Year 1 Year 2Year 3Sales Revenue Service Contract Total revenue Typically, for service contract you receive cash or payment, for future services, that creates a liability. Thus one has an unearned revenue account. In this particular example, the liability account would contain XXX at the end of year 1 and XX at the end of year 2 reported under current liability as unearned revenue on th e balance sheet. Sears, Roebuck, ; Company 1998 Annual Report Footnotes to Revenue Recognition The Company sells extended service contracts with terms of coverage between 12 and 36 months.Revenue and incremental direct acquisition costs from the sale of these contracts are deferred and amortized over the lives of the contracts. Costs related to servicing the contracts are expensed as incurred. 3. American Airlines: 1996 total revenues of $17,753 million. Balance sheet reported ? Air traffic Liability? of $1,889 million. – unearned revenue (~~11%) from ticket sales. -when retired – Retired when ticket holders are provided transportation. -Refundability a factor -What if carrier cannot provide service due to strike or storm. -When is revenue earned ? – when ticket is bought when passenger boards – when plane takes off – when the round trip is complete. AMERICAN AIRLINES 1998 Annual Report (Summary of Significant Accounting Policies) (Note 1) PASSENGE R REVENUES Passenger ticket sales are initially recorded as a component of air traffic liability. Revenue derived from ticket sales is recognized at the time transportation is provided. However, due to various factors, including the complex pricing structure and interline agreements throughout the industry, certain amounts are recognized in revenue using estimates regarding both the timing and the amount of revenue to be ecognized. Actual results could differ from those estimates.In 1998, American showed revenues of $17,449 million and recorded â€Å"Air traffic liability† of $2,163 million on its Balance Sheet. Time Warner Inc. According to Annual Report they publish 26 different magazines. At end of 19985 unearned subscription revenue was $741 million. -included in their is your paid subscription to Time for issues that you have yet to receive. -magazines are sold at different rates depending on how you subscribed and for how long. – how to keep track of when earned. when does the earnings process complete When subscription received – if main source of revenue is advertising. When production is complete and delivery is made. A combination of these two. Note that Time does not have difficulty to keep track since subscription price variations and customer records are all kept by computers – closely monitor the process from payment to through unearned revenue to delivery and revenue earned. Time Warner Inc. 1998 Annual Report (Note 1) The unearned portion of paid subscriptions is deferred until magazines are delivered to subscribers.Upon each delivery, a proportionate share of the gross subscription is included in revenues. E 4-81. AugustCash Subscriptions Received in advance (Unearned Revenue) To record collection of 900 subscriptions Assets =Liabilities+ Owner’s Equity 2. August 31. Unearned revenue Subscription revenue To record subscriptions earned during August. Assets=Liabilities+Owner’s Equity 3. Net income for t he month of August would be under stated / overstated by XXX if the accountant forgot to make the entry to recognize revenue earned. (Self Note: Also see Magazine Subscription case) E 4 -9