Students and Work

Previous Research Foley, S. Hang-Yue, N., 2005. The effects of work stressors, perceived organisational support, and gender on work-family conflict in Hong Kong. Asia Pacific Journal of Management: Bangkok.Advertising We will write a custom research paper sample on Students and Work specifically for you for only $16.05 $11/page Learn More â€Å"This survey demonstrates the immediate and moderate outcomes of perceived organisational support and gender on the interdependence between work stressors and family conflict for a sample population of Hong Kong Chinese workers† (237). The survey discovered that perceived organisational support is inversely proportional to both family-to-work conflict (FWC) and work to family conflict (WFC), and that work stressors are directly proportional to FWC and WFC. Furthermore, the direct correlation between role overload and WFC was observed to be lesser when perceived organisational support was high, showing that the perceived organisational support can off-set the negative effects of the role over load. Moreau, M. P. Leathwood C., 2010. Balancing paid work and studies: working (-class) students in higher education. Queensland University of Technology: Brisbane. This article studies undergraduate students in a post-1992 university timeline to discover undergraduate students’ accounts of working and the same time studying during session-time and the ways they use to cover up time consumed in work. It is suggested that most of the students doing part-time jobs is because students are expected to cater for their school bills since the state is not responsible. Gayle, V. Lowe J., 2010. Exploring the work/life/study balance: the experience of higher education students in a Scottish further education college. Queenland University of Technology: Brisbane. This article focuses on the angles of work/life/study balance and its impact on student performance in the curricular studies. The surve y was conducted on a case study of higher education students, studying on full and part-time basis, in a Scottish higher learning institution. The study suggested that more than half of the students were able to manage a study/work/life balance, although the other half was stressed due to conflicting priority.Advertising Looking for research paper on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More Research Objectives and Background The main objective of the research is to examine work and study conflict issues on whether it affects students’ burnout and participation in university life. Nowadays, the cost of education has escalated to an extent that students are compelled to combine work and studies at the same time. Curtis and Williams (2002) quotes that â€Å".. this is the routinisation of students combining paid work and study, suggesting that this is now the norm in the United Kingdom.† Other surveys show that te rm- time work can provide positive social and educational benefits to the students (Watts and Pickering, 2000). Vickers et al (2003) observes that, for college students who work for 20-30 hours every week, the odds of dropping out of school are almost 150% more than for students who do not engage in paid work during term-time. For others who work for more than 31 hours every week, the number was between 200 and 205 %. This research objectives include: to observe the extent to which students of property and construction are devastated from burnout; to establish a model of the work-study connection, describing the relationship between time commitment to paid work and studies, work-study satisfaction and burnout; and to ascertain the model of study-work relationship in a sample of undergraduate students engaged in an undergraduate property and construction programme. The conflict between one’s work responsibility and other life responsibilities is a vital factor of the correlati on between work and non-working life. According a research conducted by Cotton et al 2002, it shows that there is a inter role conflict is a stressor that is usually perceived with negative effects for a person’s satisfaction and well-being. University students experience a problem in trying to juggle work and study and as a result are vulnerable to stress. The exploratory survey shows that on average all students who engage in term-time paid work spend long hours in work than in the university. The negative relationship between time commitment in the two variables shows that students commit time at work at the expense of the time committed in university life. From the students interviewed, majority said that they had difficulties in combining both. Also some of the students are expelled or suspended out of university and thus reduce their time spend in university. Working undergraduate students are emotionally exhausted and contemptuous of their studies and hove low levels o f efficacy. This is a main point because burnout is usually connected to health problems and turnover. Student’s experience at work-study interface is ever unbalanced with students showing more resilience for the time demands of paid-work than students of university level. In addition, these results demonstrates that the current irregularity between students’ participation and contentment in the campus life and paid work could be adapted by programmes meant to clarify the interface between perceptions and practice and make sure that students’ experience of paid work enhances their learning.Advertising We will write a custom research paper sample on Students and Work specifically for you for only $16.05 $11/page Learn More The research question should highlight the theories and previous research surveys that explain the correlations to be investigated. Thus our research question will be: Does the conflict between paid work and study influence the students’ performance and satisfaction with university life? Theoretical Framework and Hypotheses In the first article, by Foley and Hang-Yue, it is suggested that perceived organisational support is inversely proportional to both family-to-work conflict and work-to-family conflict, and that work stressors are directly proportional to family-to-work conflicts and work-to-family conflict. While according to Moreau and Leathwood observes that most of the students doing part-time jobs is because students are expected to cater for their school bills since the state is not responsible. Gayle Lowe (2010) research suggested that more than half of the students were able to manage a study/work/life balance, although the other half had stressed due to conflicting priority. The three articles show different impacts of work to study on different individuals. Whereas some students are compelled to engage in term-time work, some are looking for money for other needs and expe rience. It cannot be concluded that work completely negative impacts study time, since some students are able to balance both and perform well in school and work too. In coming up with theoretical framework, some important elements are to be considered, these include: defining all the relevant variables; discussing the relationship between the variables; determining the relationship of the relations; and discussing why the relationships are hypothesised. The hypothesis is a testable statement that should be based on previous research design. In this case the hypothesis will be stated as: Work and study conflicts impact on the student’s performance and satisfaction of university life. The direction of the relationship between the work-study conflict and students’ performance and satisfaction takes a negative course.Advertising Looking for research paper on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More Null hypothesis: Work and study conflicts do no influence the students’ performance and satisfaction of university life. H0:ÃŽ ¼1 = ÃŽ ¼2 Where: H0 = the null hypothesis ÃŽ ¼1 = the mean of students’ population having work and study conflicts ÃŽ ¼2 = the mean of students’ population dissatisfied with university life The true null hypothesis is represented as: H0:ÃŽ ¼1 ÃŽ ¼2 Alternative hypothesis: work and study conflicts do influence the students’ performance and satisfaction of university life. H1:ÃŽ ¼1 = ÃŽ ¼2 Where: H1 = the alternative hypothesis ÃŽ ¼1= the mean of students’ population having work and study conflicts ÃŽ ¼2= the mean of students’ population satisfied with university life and perform well. The true alternative hypothesis is H1:ÃŽ ¼1 ÃŽ ¼2 Population and Sample The population consisted of university going undergraduate students from the university, who were engaged in term-time work. The data was collected from a sample of 500 respondents that was selected randomly from the population. These respondents were interviewed on voluntary basis in the university premises. The target place for the respondents was on social gatherings, libraries, the researcher also got permission from the school admistration to conduct the research during class hours, especially to part time students. The respondents can also be reached at their various places of work, by communicating to the certain organisation’s Human Resource to be allowed to interview the respondents at their convenience. Also the internet users can provide useful information, through social networking sites like MySpace, the questionnaires were posted to various people and forwards to friends. The research used simple random probability sampling. The reasons for using this method were: it was easier to apply and explain the results than other probability sampling techniques; and unlike non-probability techniques, it gives a reasonable genera lisation of the population and unbiased estimates of the population. However, this method can be prone to sampling error as a result of the randomness of the picked sample can lead to a sample which is not reflective of the whole population in general. Data Collection The independent variables are those that potentially result to changes in the values of another variable, that is, DV. The value of the independent variable is independent of other variables, although the researcher can manipulate the values. Dependent variables are those variables that were anticipated to observe change. The values of the dependent variables are dependent on other variables. Thus, by the definition, the values of the dependent variable is dependent on the independent variables, thus the researcher can manipulate the DV values by controlling the IV according to his or her expected results. However, the researcher cannot manipulate the DV values directly, but only through the IV. Data was collected thro ugh both structured and also unstructured interviews. The interviewer administered questionnaires. â€Å"The formula to be used in measuring the relationship between the independent variable and the dependent variable will depend on the number of variables involved, measurement limits applied, and nature of the relations† (Vickers 2003). The variables will be measured by evaluating the observed relation by comparing it to the â€Å"maximum expected relation† between the particular variables. The observed relations are evaluated by differentiating the values of the variables, and ascertain the extent of the overall observed differentiation is attributed to cases when that differentiation is found in both the variables under consideration. Reference List Curtis, S. Williams, J., 2002. The reluctant workforce: undergraduates’ part-time employment. Education and Training: New York. Cotton, S. J., Dollard, M. F. Jonge, J., 2002. Stress and student job design: Satis faction, well-being and performance in university students. International Journal of Stress Management: Boston. Gayle, V. Lowe J., 2010. Exploring the work/life/study balance: the experience of higher education students in a Scottish further education college. Queenland University of Technology: Brisbane. Foley, S. Hang-Yue, N., 2005. The effects of work stressors, perceived organisational support, and gender on work-family conflict in Hong Kong. Asia Pacific Journal of Management: Bangkok. Moreau, M. P. Leathwood C., 2010. Balancing paid work and studies: working (-class) students in higher education. Queensland University of Technology: Brisbane. Watts, C. Pickering A., 2000. Pay as you learn: student employment and academic progress. Education and Training: New York. Vickers, N., Lamb, S. Hinkley, J., 2003. Student workers in high school and beyond: the effects of part-time employment on participation in education, training and work. Longitudinal Surveys of Australian Youth Research Report: Melbourne. This research paper on Students and Work was written and submitted by user Elliot Berry to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Tommy Girl Cologne Marketing Campaign

Tommy Hilfiger has revolutionized the fashion world from his men’s and women’s sportswear and denim wear to his athletic wear to his children’s wear to his accessories. It was no surprise to the fashion industry when Tommy introduced his fragrances, belts, bedding, home furnishings, and cosmetics. Through extensive marketing Tommy Hilfiger’s products have flown off the shelves. In this paper I will look at one particular Tommy product: Tommy Girl Cologne the 1.7 fluid ounce bottles. I will explain all the facets of the Tommy Girl marketing campaign. Marketing Oriented: Tommy Hilfiger uses a marketing orientation because the company follows the marketing concept. It aims all of its efforts at satisfy its customers- at a profit. The Tommy Hilfiger Corporation mission statement explains how the company works to achieve customer satisfaction, works together as a total company effort, and has profit as an objective. The mission statement states: â€Å"The Tommy Hilfiger Corporation is dedicated to living the spirit of the American Dream. We believe†¦the spirit of the youth is our greatest inspiration. Resourcefulness is the key to value and excellence in making quality a priority of our lives and our products. By respecting one another we can reach all cultures and communities. By being bold in our vision we continually expand our boundaries. Live the Tommy Spirit,† (www.tommy.com). Industry: Tommy Hilfiger competes in the consumer products manufacturers industry. The consumer products manufacturers are companies that design, manufacture, and/or market apparel, cleaning products, hand and power tools, home furniture, housewares, linens, and consumer electronics and appliances. Furthermore, Tommy Girl Cologne is in the personal care industry. The personal care industry is made up of companies that manufacture and/or market personal care products, including cosmetics, fragrances, and razors. Markets: Tommy Girl C... Free Essays on Tommy Girl Cologne Marketing Campaign Free Essays on Tommy Girl Cologne Marketing Campaign Tommy Hilfiger has revolutionized the fashion world from his men’s and women’s sportswear and denim wear to his athletic wear to his children’s wear to his accessories. It was no surprise to the fashion industry when Tommy introduced his fragrances, belts, bedding, home furnishings, and cosmetics. Through extensive marketing Tommy Hilfiger’s products have flown off the shelves. In this paper I will look at one particular Tommy product: Tommy Girl Cologne the 1.7 fluid ounce bottles. I will explain all the facets of the Tommy Girl marketing campaign. Marketing Oriented: Tommy Hilfiger uses a marketing orientation because the company follows the marketing concept. It aims all of its efforts at satisfy its customers- at a profit. The Tommy Hilfiger Corporation mission statement explains how the company works to achieve customer satisfaction, works together as a total company effort, and has profit as an objective. The mission statement states: â€Å"The Tommy Hilfiger Corporation is dedicated to living the spirit of the American Dream. We believe†¦the spirit of the youth is our greatest inspiration. Resourcefulness is the key to value and excellence in making quality a priority of our lives and our products. By respecting one another we can reach all cultures and communities. By being bold in our vision we continually expand our boundaries. Live the Tommy Spirit,† (www.tommy.com). Industry: Tommy Hilfiger competes in the consumer products manufacturers industry. The consumer products manufacturers are companies that design, manufacture, and/or market apparel, cleaning products, hand and power tools, home furniture, housewares, linens, and consumer electronics and appliances. Furthermore, Tommy Girl Cologne is in the personal care industry. The personal care industry is made up of companies that manufacture and/or market personal care products, including cosmetics, fragrances, and razors. Markets: Tommy Girl C...

State of Israel and the future threats. I argue that the biggest Essay

State of Israel and the future threats. I argue that the biggest threat could be marks of the Israeli state in the future will be an internal threat more than any external enemy - Essay Example Finally conclusions were arrived at based on the findings of the work. This work is based on secondary sources for retrieving relevant information pertaining to the topic. In this regard, reliable sources such as academic books, authentic websites, journals, and government documents were scrutinised. This work proves that Israel has been threatened to a major extent by the internal problems discussed, rather than any external threats. This region comprised of Israel was under British rule from 1917 to 1948, and during this period the Arab religious groups underwent several crucial socio – economic changes. Such change was not uniform across the various religious groups and displayed considerable diversity. The Christian Arabs experienced this change, much more swiftly than the Druze and the Muslims. The fertility rate declined among these groups, with the exception of the Muslim Arabs. 1 From the economic perspective, Israel had been envisaging a number of difficulties. This nation had not achieved a transformation into a competitive market system from a socialist state, as at the end of the 20th century. The military was obliged to address new dangers from inimical Islamic nations, such as Iraq and Iran, which boasted of long range missiles in their arsenal. Furthermore, the military had to address the challenge of becoming a more technical and less manpower intensive force. 2 However, significant change was in the offing for Israel, during the commencement of the 21st century. Internally, the denizens of this nation had been struggling with traditional and contemporary issues. Some of these issues were those of religion and state and their relationship to Jewish identity. Another issue pertained to the endeavours to mitigate religious influence upon personal matters, such as marriage and divorce. 3 The Declaration of the Establishment of the State of Israel was made at Tel Aviv, on 14

Marketing E-Business Essay Example | Topics and Well Written Essays - 1500 words

Marketing E-Business - Essay Example The e-businesses should adopt a differentiating strategy. They should differentiate the services that they offer and create a whole new experience that they should offer to the end users of their product. As the new technology emerges, the e-businesses need to catch up with the technology and they also need to innovate and focus on their customers. The e-businesses need to keep their core focus as their customers. They need to offer value-added services to the customers that no other portal or B2C business is offering. In providing the consumers with these value added services, the e-businesses should also consider the fact that these value-added services are also agreed upon by the sponsors. The e-businesses need sponsors as well to support them which, again is an important factor to consider for the e-businesses. Thus, in short, what the e-businesses need to focus on is creating their own brands, focusing on the customers needs, providing them with a total new experience not offered by others, providing value added services and also taking along the sponsors agreement. Google's strategy of brokering of media types is a unique strategy that no other competitors of Google have adopted up till yet. This strategy is inline to what Google actually need to define its brand in the way. The strategy will help Google continue with what it actually does and will support the running strategy of Google. Google's strategy that it has adopted is an effective and an efficient one. The actual strategy of Google is targeting its target audience in small market niches. When Google will acquire YouTube then this will result in the ability for Google to cover the market niches and advertise more effectively. Advertising issues relating to Google will probably come to an end and Google will be able to advertise its upcoming value added services to its customers in a more efficient way. This strategy of Google is a 'differentiating strategy' that will help Google differentiate itself from its competitors. Especially in the U.S., this strategy has not been adopted by any of the competitors of Google. The media industry and Google has good ties. This is evident from the Google Ads that we see on every other site and almost all the websites support Google in it's this strategy. Thus, the strategy of brokering of media types is an effective strategy that will help Google differentiate itself from its competitors and Google can achieve a uniqueness competency through this strategy. The strategy also serves as a solution to the media ads and advertising problems of Google and also is inline with Google's current strategy. 3. What must a brick and mortar company do to transform its strategy when it decides to transform into an e-Business Brick & Mortar Company Transforms to E-Business -Strategy Transformation When a brick and mortar company decides to transform into an e-business, the first and foremost thing it needs to do is project its target audience and then change its strategy according to the type its target audien

Social computing Assignment Example | Topics and Well Written Essays - 3000 words

Social computing - Assignment Example Ideas of social computing are illustrated from the use of social software that include email, blogs, instant messaging, wikis, social bookmarking, and social network services among others. In deeper sense, social computing involves technologies that allow various computations to be carried out by different groups of individuals in the world where the users produce value to the new applications by contributing content, ratings, links, tags, and other software components. Web 2.0 is the concept that is related closely to social computing and is the framework of the various applications that support the process of social computing. Ozok et al (2011) affirmed that the application of social computing within organizations motivates and empowers the employees and hence creating many benefits for the businesses in the society. This study will first present the benefits of social computing at various sectors including the paradigms of mobile social computing, disadvantages and the challenges of social computing. The paper will then discuss the future prospects of the information management tools of social computing in organizations. Yang et al. (2012) observed that social computing is significant in organizations as it helps in the motivation and empowerment of employees hence resulting in successful businesses. For instance, Windows SharePoint Services (WSS) is type of social computing that provides the employees of organizations a platform to create, manage, share documents and to customize Web services hence enabling the employees to improve their services for the organizations. Social computing is important as it enables the businesses to promote their various brands of products and have a closer relationship with their customers. Chua (2007) stated that the customer relationship management (CRM) of organizations is enhanced by social computing as it gives the businesses a chance to

Disadvantages of IFRS for SMEs

Disadvantages of IFRS for SMEs International Financing Reporting can be referred to as a set of accounting standards developed by the International Accounting Standards Board which is applied when preparing the Financial Statement and Balance Sheet of a company. In providing a global framework, IFRS has its own specific goals of how public companies organize and disclose their financial statements. Definition of Small Medium Enterprises (SMEs) A small and medium sized enterprise (SME) is managed by self-employed people either in partnership or on their own. It tends to be companies that are independent. The definition of SME is different from one country to another, depending on how many employees that the companies have. According to Saleh (2006), Malaysias SME can be represented based on the turnover, size and activity of the company. SMEs criteria in Malaysia can be divided into three categories which are micro, medium and small enterprises and it has been classified into the contributions of the sectors based on full time employees and annual sales turnover. Based on Mohammad (2012), the definitions of SMEs in Malaysia as in year 2005 are as the table below: Definition of IFRS for SME IFRS for SMEs has been issued by International Accounting Standards Board (IASB) in 2009 (Goel, 2010). IFRS for a SME is based on the existing full set of IFRS, but it is customised to match the requirement of reporting and accounting in SMEs. It can also be defined as entities that publish general purpose financial statements for external users. The advantages and disadvantages of IFRS for SMEs There are a number of advantages and disadvantages in adopting IFRS for SMEs. One of the advantages in adopting IFRS for SMEs is enhancing the comparability of financial statements and improving access to international funding. Under IFRS for SMEs it uses different accounting method. As stated by (KPMG, 2010) the different in accounting treatment that IFRS for SMEs have which leads to less comparable than those that applying full IFRS and it can reduce the time as more entities adopt the standard thus the interpretation of the requirement in the standard become standardised. IFRS also can strengthen the SMEs position when negotiate with the credit institutions and when it has a positive effect that have on a credit ratings so this will reduce the cost of borrowing. For instance, the adoption of IFRS leads to an increase in equity ratio and revaluation of fixed assets. This is because IFRS information can help the SMEs in buying and selling goods or services to get new relationship with customers and suppliers in locally or internationally since the financial reporting has been standard by internationally. Besides that, IFRS for SMEs is less complex that has been simplified from the full IFRS. According to (Jayakumar, n.a), IFRS for SMEs has been simplified through the fundamental principles of full IFRS to make the accounting requirement less complex and also reduce the effort to produce the financial statements which International Accounting Standards Board (IASB) has removed some number of accounting option that have in full IFRS. In contrast, Accounting Standards Committee of German (2008) supported that the preparation of financial statement in IFRS for SMEs is time, effort and cost intensive that not all requirements and issues in the ED (Exposure Draft) IFRS for SMEs were carefully understood and correctly applied by the participants. This is because German is a tax driven in the financial statement rather than economically relevant values. Furthermore, some people suggest that IFRS for SMEs is not applicable to adopt and it should be rejected. For instance, based on Samujh (2007), New Zealand is not appropriate to adopt IFRS for SMEs because of balancing principles, practicality and politics might be difficult for the country to converge the standards with the global standards. The adoption of IFRS for SMEs will affect the current reporting regulation in New Zealand. Other than that, IFRS for SMEs especially in developing countries is difficult to manage because of some limited resources in that country. As mentioned by Bohusova et. al (2011), SMEs for developing countries is difficult to cope with typical SMEs challenges such as limited human resources and limited financial and the decision to adopt the IFRS is based on their economic growth, existence in the capital market and others. The disadvantage of IFRS for SMEs is it can create a possible confusion in the marketplace. For instance, in adopting IFRS for SMEs there is a relevant regulation that some country must to follow before or after the adopting such as in Germany, they are using tax accounting in their financial statement prepared by German GAAP. However, as stated by Kemp (2009), in Australia there are many issues that should be considered from the lawmakers in measuring the appropriate IFRS for SMEs that create two versions of GAAP which are full IFRS and IFRS for SMEs which make additional training, and transition issues between these two versions. Additionally, the accounting software is not consistent so the users should be educated in the new standard because it keeps changing. The financial statement must be comparable and clearly understandable so that it would be easier for the user to compare the performance. According to Miller (2010), the changes for accounting software and lending agreement will be required such as the changes in the new standard which need the users of financial statements to be educated and some company want to change their accounting firm that the company needs to find a firm that know how to apply of IFRS for SMEs. Overall, IFRS for SMEs is easier for the user to use instead of applying full IFRS. This is because, full IFRS will give a burden for the user as IFRS has become more detail and more countries have started to use IFRS since full IFRS is too complex to use. An arguments and debates in adopting IFRS for SMEs. Based on IASB, there is more than 50 jurisdictions decided in full IFRS must be compulsory by all the entities in the SMEs and when the full IFRS is adequate for all entities, then the IFRS for SMEs will be appropriate. In contrast with Neag,R. et al. (2009) suggested that IFRS for SMEs is not compulsory for all entities. This has been proved by Deloitte (2013) that not all jurisdictions have adopted the full IFRS, the full IFRS is adopting only for the jurisdictions that do not have their own accounting systems. Other than that, as stated by Reilly (2009), IFRS for SMEs has more simplified standard that is appropriate for the bigger unlisted companies to follow and by adopting IFRS for SMEs can save amount of money for those who in unlisted companies that have adopted full IFRS. He also suggest that some argue that unlisted companies that are preparing the financial statement should be applied for IFRS for SMEs and the debate on this issues is the IFRS for SMEs standard needs some cost to adopt but it is too complex for small unlisted entities. As mentioned by Stokdyk (2010), he recommended that IFRS for SMEs was best suitable for the large and medium sized entities reporting under full IFRS. Moreover, some people argued that no one want an option in the IFRS for SMEs. This is because the countries not often to have an option in financial reporting. For instance, in German about 80 per cent German companies do not want to adopt IFRS for SMEs in their present draft form because they encountered difficulties when asked for the financial information for the German manufacturer that exports to the US and would produce information that prepared by German Commercial Code (Canham, 2008). When a countries change the financial reporting standards it will be difficult for the company to use the new standards. There is the other debate about the differential reporting that was an important issue in Australia. According to Faux (2005), in early 1980s, the differential reporting was an importance issue that the country should be considered when the accounting regulators were developing a framework for their financial reporting. The regulators focus on financial reporting that should be provide the general purpose information to the needs of wide-ranging of users who are unable to knowledge the preparation of the financial reports that was tailored to their own needs. As a conclusion, IFRS for SMEs is more appropriate for international demand especially for the developed and emerging economies which a common set of accounting standards in the smaller and medium sized enterprises is easier for the user to use than the full set of IFRS. Why choosing Malaysia in IFRS for SME? SME companies have an important position in the economy, most importantly in developed and developing economies. Malaysia is one of an emerging economy in Asia. Thus, Malaysia want to adopt the IFRS for SMEs in order to improve confidence in the accounts of SMEs, to reduce the cost that is involved in maintaining the standards since IFRS for SMEs is more cost effective to produce, and to improve the comparability for users of accounts of financial statements across different industries. History and regulations of accounting for IFRS and SMEs in Malaysia. In June 2005, the definition of SME across the economic sectors was approved by the National SME Development Council with endorsement from all the Government Ministries and Agencies as well as financial institutions that are involved in SMEs in Malaysia (National SME Development Council, 2005). In 2006, Malaysia was introduced two-tier reporting framework issued by Malaysia Accounting Standards (MASB) for the companies in Malaysia which are MASB had approved Financial Reporting Standard (FRS) for non-private entities and the Private Entity Reporting Standards (PERs) for the private entities with the objective to reduce the burden of private entities in the financial reporting compliance. Other than that, in August 2008, Malaysia had brought the Financial Reporting Standards (FRSs) into full conjunction with IFRS. As stated by (Malaysian Institute of Accountants, n.a), in 1 August 2008 the Financial Reporting Foundation (FRF) and MASB announced a plan to bring full convergence with the IFRS which is the full compliance with IFRS for the financial reporting system in Malaysia by 1 January 2012. Therefore, the plan that made by MASB and FRF create an exposure draft issued by MASB. MASB Exposure Draft 75 IFRS-compliant Financial Reporting Standards that was issued by MASB on 28 June 2011 result in the Malaysian financial reporting framework being standard with IFRS-compliant financial reporting framework. While in 2010, ED 72 FRS for SMEs has been issued by MASB. According to (MIA, n.a), MASB issued MASB ED 72 FRS for SMEs in 26 March 2010 for the SMEs in Malaysia to use by users that required to publish general financial statement purpose for the external users and do not have public accountability. Other than that, the purpose of IFRS for SMEs in Malaysia is to reduce the detailed requirements under the full IFRS for small entities since full IFRS is too complex for small entities to apply. In Malaysia, the IFRS for SMEs was issued ED 72 in March 2010 (MASB, n. a). Thus, ED 72 is identical with the IFRS for SMEs that was issued by IASB. IASB issued the IFRS for SMES in July 2009 (MASB, 2010). Generally, Malaysia is in the process in adopting IFRS for SMEs that is expected to be issued in 2013. The revisions of the IFRS for SMEs in Malaysia will be in 2015 on the any amendments to the IFRS for SMEs. According to IFRS (2013), during the first half of year 2013, Malaysia is expected to be issued FRS for SMEs and it will be effective for annual periods on or after 1 January 2016 of the new framework for the private entities. This means that, MASB is considering replacing the PERS framework in Malaysia to IFRS for SMEs in 2016. The relevance and appropriateness of IFRS for SMEs in Malaysia. As we know that, full IFRS is too complex to apply for small entities. Therefore, to make an appropriate for smaller entities, Malaysia needs IFRS for SMEs to provide self-contained in the set of accounting principles which is based on full IFRS. Malaysia makes a modification in IFRS for SMEs from the full IFRS founded from the needs of users in SMEs financial statements which is based on the topics that are not relevant to the SMEs, hence they will eliminate the topics and remove the choices for accounting treatment to make it simple. Other than that, they are also simplifying the methods for the measurement and recognition for the IFRS for SMEs. However, Malaysia has two frameworks which are PERs and MFRs. The problems occur when comparing these two frameworks according to current documentation and its interpretations. Since IFRS for SMEs is new to the reporting entities, the practices and interpretation of it must be develop from time to time. For example, the entities must considered for cost intensive when they want to change PERs to adopt IFRS for SMEs which they have to pay more to adopt a new standard in the entities. As stated by Yusoff (2009), the Companies Commission will come out in advance with some of the recommendations that have been made by Company Law Reform Committee in Malaysia including the introduction of a threshold before an audit is required. Normally, most countries do not have across the board audit requirements except for Malaysia. In Malaysia, the foreign investors and inactive companies must be audited so the auditors to SMEs would be valuable because this forces them to be independent and could refuse the business advice to fulfil the professional requirements. Other than that, SMEs have to face with tough competition in a liberalized environment and they need to produce quality goods at a competitive price in order to compete in the market. By having the changes to IFRS for SMEs would give SMEs in Malaysia to have more capabilities to face stiff competition in the market by having rational strong external financial reporting to make sure it access to capital is not compromised (Yusoff, 2009). When Malaysias SMEs react quickly of their global competitors, they will encourage the innovation and the regulation would change. Furthermore, the adoption of IFRS for SMEs has been issued by MASB and IFRS for SMEs can provide growing business which they required to apply full Malaysian FRSs. However, in 2011, MASB approved another framework for accounting in IFRS for SMEs. According to Farmer (2011), Malaysia has agreed to have a new accounting framework based on the Malaysian Financial Reporting Standards (MFRS Framework) approved by MASB on 19 November 2011 and it is applicable from 1st January 2012. Hence, Malaysian SMEs can choose either to continue to apply PERS or the new MFRS Framework. Therefore, the IFRS for SMEs in Malaysia is relevant since its accounting framework in IFRS for SMEs is separate from the full IFRS. Based on (MASB, 2010), at the international level, IFRS is separate with the accounting framework in IFRS for SMEs thus it is not affect MASBs IFRS convergence with policy in 2012 since Malaysia have the decision on whether to adopt the standard or not. In contrast with New Zealand, the IFRS for SMEs is uncertainty relevant in their countries because this country must bear the cost for implementing and maintaining in both full IFRS and IFRS for SMEs (Samujh, 2007). The stability of economy and political in Malaysia has created more investors to invest in Malaysia. This has been proved by Bernama (2012), Mustapa Mohamad who is the Minister of International Trade and Industry said that there were four SMEs from Japan that want to invest in agriculture, manufacturing and green energy industry in Malaysia which is some of them have bought land to start the operation in Malaysia. Malaysia also has developed infrastructure similar with other western country which lead for Malaysia to be a host of other services that result in this country to become a good place for the investors because of Malaysias economic and political stability (Malaysian Dutch Business Council, n.a). When Malaysia adopts IFRS for SMEs, the standard will be the same with international. Thus, it will be easier for the investor to invest in the SMEs in Malaysia since the financial reporting has been standardised. In Malaysia, the important contribution of SMEs is in terms of its economic growth, employment and exports. According to Ministry of International Trade and Industry (2013), SMEs contribute to the economy in terms of Gross Domestic Products GDP for 30%, for the total work force is 56.4% and in terms of total exports is 19%. SMEs play an important role in the economy of Malaysia in generating economic growth for the country. Other than that, the SME sector contains 99.2 per cent of all businesses in Malaysia (Ministry of International Trade and Industry, 2013). Finally, as a conclusion IFRS for SMEs in Malaysia is appropriate to apply because it is under control by MASB. As stated by Godfrey et. al, (2007), MASB has a fully responsible for the development of the accounting standards in Malaysia. They are also having the power to issue new accounting standards, make any changes to propose the accounting standards when it is necessary to change and others. Other than that, SME Corp was established in Malaysia to monitor and evaluate the application of strategies, policies and the development in the SMEs across all economic sectors (Hashim, 2009 pp.269-295). Besides that, currently Malaysia is an advisory for all SMEs in Malaysia and a central point as the reference information for the users in SMEs. (Total Words Amount: 2994)

Essay --

1.0 Definition of jinn: In Arabic language the word of jinn refer to something that is concealed and keep out of sight. Ibn Aqeel said: â€Å"The jinn are so called because they conceal themselves from people’s sight†, because the jinn can not be seen by human beings with their own eyes. Al-Jawhir said: al-Jaan is the father of the jinn, the plural of which is Jeenaan. It says in al-Qaamoos al-Muheet. Jinn al-Layl means the darkness of the night so called because jinn love to roam at night. Al-Jaan is a plural al-Jinn. (Umar, 2005) It says in Lisannul- Arab: Janana means to cover. Everything that is concealed from you is junna Anka (conceal from you). Jannahu al-Layl means the night covered him. The jinn so called because they are hidden from view. (Nasiruddin, 2005). Jinn are one of the natures of life that cannot be seen by human. The nature is there and just like their lives as human like placement, lifestyle, and there are also spirits of his own government consisting of the king and the people for example such a government in a settlement in the Bermuda triangle. (Isa, 1999). This event proved to, the most famous US Navy losses which have occurred at the area famously known as the Bermuda Triangle are USS Cyclops in March. The ship probably sank in an unexpected storm, and traces of them have never been found. This event indicates that there is another nature that is unknown to the human world of the jinn. In addition, this event can be proved from the Holy Quran that Allah said: â€Å"Verily, he [the Shaytaan] and Qabeeluhu [his soldiers from the jinn or his tribe] see you from where you cannot see them.† (Al-A’raf:27) 1.1 Origin of jinn: Jinn are other kind of creations of Allah. Like angels, the jinn’s appearance also diffe... ...d the rumors that Muslims take the wrong path and treatment to cure these diseases such as asking help from the shaman, wearing amulet and many more treatment that against the syari’ah of Islam. Based on these situations, this research will lead people to get to know about the reality of jinn, their types and the abilities and weakness of jinn. When Muslim peoples know about their reality, peoples will be cautions from take the jinn as their protector instead asking protection from Allah. Allah says: â€Å"Yet, they join the jinns as partners in worship with Allah, though He has created them (the jinns), and they attribute falsely without knowledge sons and daughters to Him. Be He Glorified and Exalted above (all) that they attribute to Him.† (al-An’am:100) So, Muslims have beware from deception of Satan and not treat them as a medium of our relationship with Allah SWT

Chem-Med Company Essay

Problem Statement: Chem-Med Company is positioned strongly in its industry to achieve high growth and earn large profits in the future, but it is in need of financing. To secure this financing, Chem-Med must address concerns of potential financers and investors regarding liquidity, efficiency, cash flow, and the need for funding despite apparent growth. In addition, Chem-Med’s primary competitor, Pharmacia, is out-competing the company and stealing valuable market share and sales volume with lower prices. Analysis: To understand Chem-Med’s problems, we must first look at the company’s liquidity and efficiency through the calculation of various ratios. Common measures of liquidity, activity, and profitability for ChemMed and its competitor Pharmacia can be found in the following table: Chem-Med Pharmacia 2.9 2.8 1.08 5.8 30.15% 7.00% 13.67% 55.00% 29.66% 29.56% 0.8493 1.9 Current Ratio Inventory Turnover Net Profit Margin Debt-to-Assets Return on Equity Total Asset Turnover Chem-Med is competitive with Pharmacia in terms of Current Ratio and Return on Equity. But Chem-Med turns over inventory much slower than Pharmacia, at 1.08 times per year versus Pharmacia’s 5.8 times. Chem-Med also utilizes assets more poorly, generating sales equal to only .8493 times total assets compared to Pharmacia’s 1.9 times. It is interesting to note that Chem-Med has a much higher profit margin than Pharmacia while maintaining virtually the same Return on Equity. To understand this phenomenon, we must deconstruct each firm’s Return on Equity (ROE) using the DuPont Method. ROE Chem-Med Pharmacia We can see that Pharmacia makes up for its lower profit margin with a much higher total asset turnover as well as a better use of debt to achieve a return on equity similar to that of Chem-Med. While ChemMed operates with a much higher profit margin than Pharmacia, its utilization of assets and debt falls far below the standards of its competitor, causing the firm problems. Chem-Med has a three-year plan for the future. This business plan comes complete with financial projections that the bank has used to determine whether or not Chem-Med 2008 2009 2010 is a safe loan risk. The bank has agreed to make a loan to the firm on the condition that it upholds several loan covenants,  Current Ratio (> 2.25) 2.72 2.39 1.98 Debt/Assets (< 30%) 13.51% 14.03% 13.87% expressed in the table at left. The problem statistic (a current ratio of 1.98 in 2010) is highlighted. This figure is below the mandated current ratio of 2.25. Chem-Med must address this projected liquidity problem to secure the necessary financing to implement its business plan. In addition to liquidity and efficiency problems, Chem-Med must address cash flow concerns. A pro-forma cash flow statement for the years 2008-2010 follows: Chem-Med’s cash flow statement provides encouraging data for potential investors. The firm expects to have positive operating cash flows over the $ 167 next three years and therefore requires little outside financing to finance the investing outflows which will sustain the firm’s growth. Chem-Med is very $ (66) profitable Projected Net Income (2008-2010) $ 101 and is 2008 2009 2010 Total effectively converting those profits into operating cash flows. In fact, $ 1,150 $ 1,274 $ 1,943 $ 4,367 the firm’s operating cash inflows exceed the projected profits for the Chem-Med Company Statement of Cash Flows Opening Cash Balance (1/1/08) Operating Cash Flows $ 6,050 Investing Cash Flows $ (6,205) Financing Cash Flows $ 89 Closing Cash Balance (12/31/10)  firm over the three year period. Chem-Med is effectively converting its profits into operating cash inflows and by doing so the firm has almost  enough operating cash to finance its investing outflows. There is only a very slight cash flow problem as investing outflows still outstrip operating inflows, but only by a slim margin. The firm also faces a problem in terms of efficiency in collection of debts. The collection periods for the firm for the years 2007 – 2010 are presented here. 2007 2008 2009 2010 As is evident, the firm’s ability to collect on Collection Period (Days) 53.24 61.15 72 80.87 its debts is actually decreasing in the future. Instead of increasing efficiency, the firm is decreasing in efficiency. Projected Growth In Net Income (2008-2010) 2008 2009 2010 10.8% 52.5% 49.4% Despite liquidity and efficiency problems, Chem-Med has a healthy cash flow and anticipates high growth. The projected year-to-year growth rates in net income for 2008-2010 are displayed in the adjacent table. As can be seen, the firm expects robust growth over the next three years and is therefore an attractive opportunity for investors. It appears, then, that the problems of liquidity and efficiency do exist and should be addressed. Chem-Med has a healthy cash flow and is only slightly deficient in operating cash flow, but because the firm is experiencing such robust growth, it is not entirely surprising that the firm has a high need for investing cash. Recommendations: Chem-Med’s most pressing problems involve its competitor, Pharmacia. Pharmacia is engaging in price wars with Chem-Med, taking a 59% market share to Chem-Med’s 25% share. Chem-Med should lower its prices in response to Pharmacia’s tactics to gain market share. Pharmacia is already operating at a much lower profit margin, so it is unlikely that the firm can cut prices as steeply as Chem-Med. Chem-Med can still maintain a healthy profit margin while gaining valuable market share and sales volume. Increasing sales volume through price cuts will increase the firm’s gross sales while having no affect on total assets. This, in t urn, will improve the company’s total asset turnover and bring it more in-line with Pharmacia’s. Increasing sales volume, however, will not necessarily improve the firm’s inventory turnover rate as both sales and inventory will increase to accommodate the increased volume. To improve upon this, Chem-Med should consider investing in an inventory control system or consider new methods of ordering (such as just-in-time ordering) to improve  its control of inventory. In addition, Chem-Med should take note that its Debt-to-Assets ratio is well below Pharmacia’s. Engaging in more debt financing will increase the firm’s financial leverage and magnify the healthy returns it expects to see in the next three years. This increased debt usage will also magnify the firm’s return-on-equity, making it an even more attractive firm for potential investors. Chem-Med should consider offering discount terms to its customers for prompt payment. Such terms will encourage customers of Chem-Med to pay sooner and therefore reduce Chem-Med’s collection period. This, in term, frees up cash flow for the firm and will increase its overall operating efficiency and can help to alleviate some liquidity problems. Collecting in a timely manner will also decrease the likelihood of default on accounts receivable as the accounts remain outstanding for shorter periods of time. To further alleviate liquidity problems, specifically that posed by the firm’s current ratio in 2010, Chem-Med should consider using more long-term debt. The firm could take out a long-term loan to settle its accounts payable. This would decrease Chem-Med’s current liabilities, which in turn would increase the firm’s current ratio. This would make the firm appear as a lower risk to bankers and investors as its ability to meet its current obligations will have improved. By lowering its prices to increase sales volume and market share, offering discounts to decrease collection periods, and refinancing its short-term debt with long-term debt, Chem-Med Company can improve its marketability to investors, gain a competitive advantage in its industry, and look forward to improved long-term performance as a more efficient and robust firm.

Gaudium et Spes Essays

Gaudium et Spes Essays Gaudium et Spes Essay Gaudium et Spes Essay Gaudium et Spes Introduction The Catholic Church has four apostolic charters introduced by the second Vatican council in Rome. One of the charters is ‘the pastoral constitution on the church in the modern world’. It is better known as Gaudium et Spes. This document was written to provide a general idea of what the Catholic Church taught about humanity and the society. The word Gaudium et Spes in the Latin language means joy and hope. In the same way, the document provides an account on the emotions such as happiness, anguish and apprehension that Christians face in this age. Gaudium et Spes defines and safeguards the function of the church in a materialistic society particularly in relation to injustice, paucity, ecumenism, technological reconstruction and finances. : Discussion The Gaudium et Spes defines culture as everything that has to do with the lives of people, all their values and practices whether good or bad; and the way in which people express themselves through language, institutions and social conditions. The author sees the need for the intervention of the Catholic Church in the area of culture in order to integrate more Christianity into it. He states that there have been so many social and cultural changes that it is as though the human race is experiencing a new age. New patterns of thinking, acting, communicating and leisure have grown that are shaping and changing people’s cultures all over the world. The author believes that the exchanges of culture should lead to the unification and harmony between nations of the world. However, he believes that care should be taken to prevent new cultures from completely erasing old traditions and wisdom and replacing people’s original cultures. In addition, he states that the development and exchanges of culture could lead to increased secularism, thus creating an environment whereby religion is regarded with hostility. He urges Christians to obey their calling, which is to control the earth and develop God’s creation in order to make an impact and be of service in the world. By making the world a better place, Christians encourage the rest of the world to come into the knowledge of the Creator. He also states that the development of science and technology may lead to agnosticism and atheism, but Christians should not let this lead them to despise the advancements, since they are useful. The author also discusses the relationship between the message of salvation and culture. He states that Jesus’ teachings were always appropriate to the cultures of the people he was speaking to. Thus, the Church should also understand people’s cultures in order to spread the Gospel effectively. The Gospel is an effective tool in the purification of people’s inequities and it shows the world the right path, thus the church should integrate with the world’s cultures in order to spread the world. The key terms used include ‘humanity’, which is used as a definition for all of humankind. The Pope constantly uses this term in order to show that the content of the constitution concerns everyone in the world and not specific individuals or races. ‘Culture’ is another key term that the author uses. He uses it to describe patterns of behavior, thinking, beliefs and other works of humanity that are transmitted through people in different par ts of the world over time. Conclusion The author concludes by stating that the development of the individual, the good of the community and humanity should all come before culture. Culture should be allowed to develop unrestrained as long as it respects the rights of all people within the community. Authorities should therefore not determine how culture should develop but should provide structures that facilitate the proper growth of culture in line with truth and respect for all people despite their economic, racial or political backgrounds.

Study Guide for Shakespeares Sonnet 29

Study Guide for Shakespeare's Sonnet 29 Shakespeare’s Sonnet 29 is noted as a favorite with Coleridge. It explores the notion that love can cure all ills and make us feel good about ourselves. It demonstrates the strong feelings that love can inspire in us, both good and bad. Sonnet 29: The Facts Sequence: Sonnet 29 is part of the Fair Youth SonnetsKey Themes: Self-pity, self-hatred, love overcoming feelings of self-deprecation.Style: Sonnet 29 is written in iambic pentameter and follows the traditional sonnet form Sonnet 29: A Translation The poet writes that when his reputation is in trouble and he is failing financially; he sits alone and feels sorry for himself. When no one, including God, will listen to his prayers, he curses his fate and feels hopeless. The poet envies what others have achieved and wishes he could be like them or have what they have: Desiring this man’s heart and that man’s scope However, when in the depths of his despair, if he thinks of his love, his spirits are lifted: Haply I think on thee, and then my state,Like to the lark at break of day arising When he thinks of his love his mood is elevated to the heavens: he feels rich and wouldn’t change places, even with kings: For thy sweet love remembered such wealth bringsThat I scorn to change my state with kings. Sonnet 29: Analysis The poet feels awful and wretched and then thinks about his love and feels better. The sonnet is considered by many to be one of Shakespeare’s greatest. However, the poem has also been scorned for its lack of gloss and its transparency. Don Paterson author of Reading Shakespeare’s Sonnets refers to the sonnet as a duffer or fluff. He derides Shakespeare’s use of weak metaphors: â€Å"Like to the lark at break of day arising/ From sullen earth...† pointing out that the earth is only sullen to Shakespeare, not to the lark, and therefore the metaphor is a poor one. Paterson also points out that the poem does not explain why the poet is so miserable. It is up to the reader to decide whether this is important or not. We can all identify with feelings of self-pity and someone or something bringing us out of this state. As a poem, it holds its own. The poet demonstrates his passion, mainly for his own self-loathing. This may  be the poet internalizing his conflicting feelings towards the fair youth and projecting or crediting any feelings of self-worth and self-confidence onto him, attributing the fair youth with the ability to affect his image of himself.

Concept Paper based on Criminal Justice-related research topic that Essay

Concept Paper based on Criminal Justice-related research topic that you choose - Essay Example This is based on the fact that age differs from state to state. In most states, the lawful age of sexual consent is between the ages of 15- 18 years. In statutory rape, force and consent are not necessary for conviction. The defining factor in statutory rape is the age of the victim. Statutory rape is a crime, and the perpetrators have to go through the legal system of justice. Minors lack the capacity to provide meaningful consent to sex and should be protected against sexual exploitive behaviours by adults (Brody & Acker, 2011). During a criminal trial, a defendant may argue that he was unaware or mistaken about the age of the victim and is not guilty of rape. Most states however view statutory rape as a strict liability offense and have declined to allow defendants to raise the mistake of age defence at trial. Defendants are prosecuted regardless of their mistaken belief about the age of the victim (Carlan, Nored & Downey, 2011). Statistics shows that the majority of fathers of children born to teenage girls were adults; the United States Congress participated in the 1996 Federal Welfare reform law that urged states to enforce the law to reduce teenage pregnancies. More recent studies however show that majority of sexual offenders to teenage girls are teenage boys or males who are about the same age as the girls with whom they are having sex (Leitenberg & Saltzman, 2000). A study in 1995 revealed that 50% of teenagers in the U.S have had sex by the age of sixteen years which is a serious issue for criminal justice because the age of consent is 16 years. This according to the law is statutory rape despite the numbers of such cases rising in an alarming rate (Oberman, 2000). Leitenberg & Saltzman (2000) in their articles used a survey of a representative sample of participating adolescent girls between the ages of 13-15 years and between 8th- 12th grades. Cocca (2002) used case studies on her research. The concepts used in

Economic impacts of natural disasters on the United States Research Paper

Economic impacts of natural disasters on the United States - Research Paper Example Despite falling victims of such calamities for the last decades, efforts to perplex policy formulators have been evidenced. However, the policy makers are uncertain over what can be done to tackle the menace associated with the occurrence of the natural calamities (Yamamura, 2013). There has also been little guidance offered by academics, and this has greatly affected the bitty approaches employed in tackling the issue from a number of disciplines (Alexander). This paper seeks to analyze the economic impacts of natural disasters in the United States. From contemporary literature, the concept of natural disaster is used to refer to the geophysical events that are characterized by a substantial departure from the normal climatic conditions. For instance, the occurrence of a flood that signifies substantial departures from the mediocre rainfall level within a geographical region forms a typical natural calamity. In some instances, the occurrence of these calamities might be predictable and are known to follow some geographical and seasonal patterns as it happens for typhoons and hurricanes (Fang, 2012). Others show vast irregularity in their occurrence, as it takes the case of floods and earthquakes. It is trivial to distinguish between technological and natural hazards. Most technological hazards occur as a result of the activities of human beings. Other social hazards occur which too should be differentiated from natural calamities. Natural calamities have impacted the economy of the United States either positively or negatively for the many instances of their occurrence. In some cases, occurrence of natural disasters leads to infrastructural improvements and the adoption of better and improved technologies in the event of their occurrence. For instance, in a study discussing the earthquake that took place in Alaska in 1964, which provided for a chance of modernization and upgrade of the