Advice to Youth Essay 2 - Free Essay Example

Sample details Pages: 1 Words: 423 Downloads: 3 Date added: 2017/09/15 Category Advertising Essay Did you like this example? This is my first time giving an advice to young friends. I hope this advice will help you in a near future. Also, I want you to remember this speech as the one that helped you to change some things. Don’t waste time! Our writers will create an original "Advice to Youth Essay 2" essay for you Create order When you will think about this advice; you will agree with me in a lot of things that I told you today. I will start with one important thing, which is school. School is very important for your future. Don’t lose this great time that you have in school, and try to learn as much as you can every day in class. Always, ask your teacher any question that you have. There are not silly questions in class; they will help you to get smarter. Get on time for all your classes, so you won’t miss a word from your teacher or an early quiz. The last think I can tell you about school is to study at home every day possible. If you practice any sport at school or on your free time always follow the rules. Don’t play dirty while others follow the rules. Remember, if you win a game or a competition in a clean way; the satisfaction will be greater, and your hard training will be rewarded. Always be loyal to your coach and team members; they will be there when you need them. If you are in a high competition, your nutrition will be a key factor for your success. Now, be very careful when you write on Facebook or any social network, because it can give you a hard time or get you in a big problem. Years ago, we didn’t have any social networks, but now social networks are very common and you have to use them in a proper manner. I remember a police case in Atlanta about a post on Facebook. A 16 year old teenager was arrested for a post he wrote on his Facebook. Apparently, he threatened a classmate with a gun. He posted on Facebook and his friends saw that post, and they told their parents. The parents informed the police and the teenager was arrested. This is a good story to remember if you are going to write on Facebook something that you have done lately. Finally, I want to thank you for this short time that you all gave me; time that is well invested to hear an advice that can help you in a decision that you may take soon or later in your life.

Comparing Judaism and Buddhisim on Controversial Topics

There are countless religions around the world with various opinions on moral teachings. Moral teachings are vital in a religious group because they guide our actions and teach us how to behave in our everyday lives. Judaism and Buddhism express their values of abortion, homosexuality as well as euthanasia in exceptionally similar fashions. Similarities and differences between the two religions will further be explored. A huge controversy throughout an abundance of religions is the topic of abortion. This is a particularly sensitive subject because it deals with the delicate balance of life and death. Many people question who has the authority to end a life, especially an innocent child with no voice. People of the Jewish faith don’t believe in aborting a pregnancy. However, despite their strict rule, there is one circumstance where it is acceptable to abort the child. And this exception is only made when the mother is at high risk of death. Buddhism has a similar take on this concept. Similar to the Jewish people, traditional Buddhists believe it is inhumane to take another life unless the mother is on the verge of death. On the other hand, modern Buddhists have different views of abortion. Buddhists believe they are extremely responsible for each of their own individual actions and the burden it will bestow upon them. As well, they believe if the child will have severe medical conditions when it is born then it is okay to abort the child for the sake of the child

Cost and Management Sustainability Factor

Question: Discuss about the Cost and Management for Sustainability Factor. Answer: Introduction: The university management does not have to reveal the way of spending money, which makes it hard to calculate the exact cost required to educate the students.As per the websitereport ofnews.com.au, the universities have to spend a lot of money than the authority get from the government funding and the student fees.According to the opinion of Edgington (2015),5-10% funding of the students fees is being guided away from the education process and preferred sustaining the research actions of the universities. Calculation of cost is also essential to regulate the entire education system while providing teaching guidance and the other research tactics to the students. The students have been charged excessive fees, so that the universities can provide an further research to the students (Baporikar, 2009). As per the Higher Education and Reform Bill 2014, the universities have made frequent complaints of being underfunded in the absenteeism of cost indication. In the case of university unit costing per student is required to determine the suitable fee levels. In the opinion of Amos (2010), comparison of cost alternatives is essential for delivering a particular cost to the students. The Activity-Based Cost analysis is also helpful to carry out the calculation of cost per student. The chain activities guided by the teaching practitioners help to maintain the records of the assignments and records the marked assignments. It has been speculated that the recorded marks of the students file are maintained in a computerised database. As per the report of Deloitte Access Economics, the higher educating learning and teaching costs, in the year 2010 is $15,000 normally to educate a student with a particular degree program. The students have to handle the claims from the tutors and issues regarding the payments. As per the view of Brown and Carasso (2013),the full of cost of each marked assignment is the measure of the services provided by the unive rsities or institution as per the received payment. The students have to offer the overall expenditure for the related activities. According to the report of the Australian Bureau of Statistics, about 41% of academic university research endowment in the year of 2012 (approximately $3.7 billion) arrived from a medium that was not exclusive for the purpose of research (Culliney, 2014). It also includes the investment revenue, donations, contributions and the profits from the commercial operations of the university. The students taking admition from the foreign region, who pay much higher fees rather than the Australian students, are specifically prejudiced by the global positional tables. The difficulties associated with undertaking the calculations It is very difficult to calculate the cost of the education for a different student from the different domain. Apart from the ongoing debates concerning the university deregulation factors and its long-standing sustainability factor, the universities are more unenthusiastic to disclose its cost charged by a student during the entire course. As per the opinion of Potcharapanpong and Thongthew (2010),the student fees of the university wrap the expenditure of the course depending on the stream and subject matter. For an example, Edgington(2014) added that for medicine or veterinary degrees the general cost of the entire course is relatively higher compared to the other subjects like law, accounts, etc. The course of medical degree needs more equipment or research to educate a student for this particular degree. On the other hand, Jing (2014) mentioned that the course of law or accounting does not need this kind of equipment or additional research to conduct the entire course. Hence, the course fees of medical students are much higher rather that the students of accounting and law. The cost of course is also various based on the university tend and the impressive institutions tends to pay more on the research. Considering the opinion of Edgington(2015),a highly regarded academics can develop the teaching efficiency. On the other hand, it has been speculated that the research regarding the specific course needs a particular amount which cannot be quantifiable. The chargeable amount for the different course cannot be enumerated, which can be a trouble for calculating the cost of the course. Furthermore, in the opinion of Culliney (2014), the digital educational marketplace is the other example of the expensive cost of the education structure. On the other hand, the four year degree is highly long and expensive for the students as well as the universities. The process of learning of the different universities is different from each other which is the foremost reason to construct a general calculation for the course structure(Clarke, 2008). The instalment break up of the universities are framed in a narrow format which sometimes become difficult for the students to pay the university fees within the short time farmed (Brown and Rahn-Blakeslee, 2009).The technical issues regarding the education infrastructure could hamper the cost analysis of the course. On the other, it has been analysed that the education is the not the most ultimate focus of the universities. The selling of a business, students lifestyles, accommodation expenditure and the administration scholarship are the major factors to create difficulties in the costing of education. Australian National University is fortunate to have a Nobel Prize winner that turned up useful to attract both the universities and students(Callejo-PeÃÅ' rez and Ode, 2013). The report of news.com.au indicates that the international student fees are presently being used to subsidies the education practitioners and the course related examine cost in the universities. The responsibility of governing authority on the university funding actions There are a large number of appraisals for the university division that can define the necessity of the calculations to provide a reliable basis for the decision making process. According to the opinion of Brown and Carasso (2013),the Go8s call is significant to review the payment structure of the payments. This policy is comprised both of the major parties like the students and the universities. It has been observed that all the universities receive the similar amount of funding from the administration for the each lessons and course. Adding to this, the students of the university are equally paying the course fees as per the course structure. In the opinion of Broad and Goddard (2010),the universities could reduce the course fees, so that the university could get maximum number of students footfall in the college campus. Furthermore, both the students an the university authority needs to work jointly to offer a long term sustainable position in the university division. On the other hand, Baporikar(2009) added that the funding cost provided by the government to the universities is often cut depending on its actual cost to deliver the final process. It has been identified that the cuts announced in the Labours final budget in the year of 2013, may have lost the faith of the majority of the vice-chancellors from the funding system(Amos, 2010).Although,it has been assessed that the government appreciation and funding is highly required for a university forimproving the overall education system. Adding to this, the as per the report of news.com.au, the independent senator Nick Xenophon has voted for the deregulation of the billing system of the universities. Thus, the government has to make another review before funding the universities along with that an alternative opinion has to be given as its radical deregulation reforms. On the other hand, Culliney (2014) argued that the executive directors of the Regional Universities Network is not excited about the process of another assessment. It has been speculated that the executive directors has proposed the deregulation model to motivate the government contributors. Therefore, it would be possible to reduce the student fees, which, would assist to increase the number of students in the universities. References: Amos, S. (2010).International education governance. Bingley, UK: Emerald. Baporikar, N. (2009).Management education. Mumbai [India]: Himalaya Pub. House. Broad, M. Goddard, A. (2010) Internal performance management with UK higher education: An amorphous system?, Measuring Business Excellence, 14(1), 6066. Brown, R. Carasso, H. (2013) Everything for sale? The marketisation of UK higher education. London: Taylor Francis. Brown, S. Rahn-Blakeslee, A. (2009) Training school-based practitioners to collect intervention integrity data, School Mental Health, 1(3), 143153. Callejo-PeÃÅ' rez, D. Ode, J. (2013).The stewardship of higher education. Rotterdam: Sense Publishers. Clarke, J. (2008) Book review: Motivating your team: Coaching for performance in schools,Management in Education, 22(3), 3839 Culliney, T.W. (2014) Notes on predatory Behavi our in Rhinacloa forticornis (Hemiptera: Miridae ), Current Agriculture Research Journal, 2(1), 0104. Edgington, U. (2015). Performativity and accountability in the UK education system: a case for humanness.Pedagogy, Culture Society, 1(1), 1-6. Jing, L. (2014) The governments roles in transnational forest governance, Recht der Werkelijkheid, 35(3), 120 -122. Potcharapanpong, S. Thongthew, S. (2010) TEFL training program for local and cultural-based instruction: Case studies in Thai primary schools, Asian Social Science, 6(9), 657-695.

Risk Assessment of One Tel Company †Free Samples for Students

Question: Discuss about the Risk Assessment of One Tel Company. Answer: Intrdouction The title of this report is the risk assessment of One Tel Company. As the title suggest the report has identified the various factors that have contributed towards the risk level in the financial statements at the higher level. Each and every business in itself carries the risk. No business can run without the assumption of having the risk in it. Risk may consist of any form. It may be related to the purchases made by the company in the sense that after receiving the payment the supplier may not send the goods or may be related to the sales made by the company in the way that the customer may delay the payment or worst situation of not having the payment and so on. In this way the risk is faced by every kind of business. The first aim of the report is assess and identify the factors that contribute to the high inherent risk at both the level financial reporting and the account balance. The second aim is to identify the area which shows that the going concern is at high, low or medi um risk range. With these considerations the report has been prepared with main three sections. In the first section the factors have been detailed which has increased the inherent risk at the financial reporting level and in the second section the factors have been detailed which has increased the inherent risk at the account balance level. In third section, factors affecting the going concern have been detailed. Thereafter the report has been ended up with the conclusion of overall findings and recommendation thereon. Inherent Risk At Financial Reporting Level From the beginning of this world, history has witnessed many circumstances which depicts that the each and every business faces risk. The historical event that supports the above fact is of Lehman Brothers. The company has invested more in the real sector, being aware of the fact that the sector will be dropped down, due to which the 160 years old company is forcefully required to file the bankruptcy application. Thus, risk is the integral part of the every kind of business and it shall be taken into consideration by the business men. At the same time the auditor of the company is also required to consider the risk in business in order plan his audit accordingly and perform the audit function in an efficient manner (Karen, 2014). Three forms of risks have been laid down by the accounting and the auditing standards depending upon the nature, size and the type of business within which the company is operating. These are inherent risks, control risks and detections (ASA 315, 2014). In the given case study of One Tel. Company, the discussion has been done for only the inherent risks. Inherent risks is defined as the chance of having the omission or deletion of any material fact from the financial statements of the company due to the reasons which are totally out of the hands of the company i.e. due to uncontrollable reasons. In other words the inherent risk denotes that the probability of having the misstatements which is material due to uncontrollable factors. It signifies that the inherent risk will be present where there are factors which are out of control and not there where is the lack of control in the system of the company. The auditor of the company shall evaluate this risk with the application of his du e professional care and professional skills (Nosberger, 2015). This type of risk mainly incur due to the fact that there have been some inherent limitations which is the part of the business of the company and cannot be controlled by any means. In the given case, following are the factors that have contributed at the financial reporting level with the increased inherent risk assessment: Lack of Integrity of Management The management of the company shall have integrity and shall gain respect in the market within which the company is operating. In case the managements integrity within the market gets down then the reputation of the company in the market will also get depleted (Leong, 2009). The lack of integrity of the management is confirmed when the auditor right to contact other people on the market is restricted to perform integrity check. Thus, the lack of integrity increases the level of inherent risk at the level of financial reporting made by the auditor. Management Experience Management experience plays very important role in the effective functioning of the company. If the team of the management is not experienced then the company will soon be in the situation of the failure (Cohen, Krishnamoorthy and Wright, 2007). In the given case the company has the management team which does not have the enough experience and have itself admitted that the management team has the limited knowledge and experience (Wielligh, 2015). The lack of knowledge and the experience will lead to improper preparation of the financial report. Also the management of the company is in the process of hiring the new directors which will again show that there is the high rate of retrenchment in the top positions as the good and honest team will always resist in doing wrong and thus will be regarded as the high risky area by the auditor (Monroe and Woodliff, 2013). Thus, along with the above factors the auditor will also consider the factors like pressure on management regarding poor cash flows, loss and nature of the business of the company and factors which affecting the industry in which the company is operating for assessing the inherent risk at the financial reporting level (Knechel, 2007). Inherent Risk Ataccount Balance Level The inherent risk also presents in the account balance level as to how the account balances may be manipulated by the company and here the factors are discussed which depicts that there may be inherent factors which may contribute to the higher inherent risk. Inventory Level- The inventory plays the very important role in judging the liquidity of the company from the face of the balance sheet of the company. Maintaining the higher level of inventory depicts that the company is having liquidity problem and the company is not able to sell the product within the time of the operating cycle. In case the company maintains the lower level of inventory then there will again the risk of having the loss of customers. Thus, there are the high chances of inventory to loss or misappropriation. (Miller, Cipriano and Ramsay, 2012). Unusual Transaction The unusual transaction has happened in the case of the share capital of the company. The share capital of the company has been considerably increased from 355.60 million dollars in the year of 1999 to 1225.60 million dollar in the year of 2000. The increase has been mainly welcomed by the company through the issue of shares of the company rather than the increase in profit of the company. Thus, it can be said that the company is not able to generate the profits of the company and rather have funded the operations of the company through the issues of the shares of the company and collecting the amount from the shareholders of the company (Shariff and Chan, 2008). The considerable increase so made have alarmed the situation of the auditor as to plan the audit accordingly keeping in consideration the inherent risk of having the other unusual transactions too in the financial statements like increase in extra ordinary items, increase in the depreciation, etc. Assessment Of Going Concern The principle of going concern has been given by the generally accepted accounting principles and the company has to do the accounting and have to prepare the financial statements in accordance with the assumption of the going concern. The assumption states that the company will work in future and the financial statements will be prepared in that manner only (Blay and Geiger, 2013). Following are the factors that have contributed to the high risk affecting going concern as interpreted from the financial statements of the company: Consecutive Loss Making for last two years The Company has been incurring the losses for the last two years. In the year of 1999, the company has incurred the loss of 68.70 million dollar and 282.10 million dollar in the year of 2000. Thereby the Net Profit ratio has been considerably decreased. The table details the calculation: Year Net Profit / (Net Loss) Sales (Assumed) Net Profit Ratio / (Net Loss Ratio) 1999 (68.70) 1000 (6.80) 2000 (282.10) 3000 (9.50) Poor Cash Flows The Companys cash flow statement depicts that more cash has been paid to the customers and employees of the company and corresponding less cash has been received from the customers. The amount paid equals to 684.80 million dollar and the amount received equals to 510.90 million dollar. It shows that in the upcoming years the company will soon face the liquidation problem. Also at the end of the year, company has shown the net decrease in cash and cash equivalent of 6.6 million dollars. Further the company has made heavy investment in the Property Plant and Equipment amounting to 613.10 million dollar but the assets so increased have not made the company either to generate the cash flows or to generate the profits. Apart from the above factors there are factors too which shows that the areas of going concern are assessed at high level like sudden increase in the increasing rate of Accounts Payable as compared to accounts receivable, effective working of competitors, etc. Particulars 1999 2000 Change (%) Accounts Payable 73.0 277.20 279.73 Accounts Receivable 72.0 218.40 203.33 Conclusion and Recommendation The company One Tel is in the telecom industry and has been growing since then. The company has not considered the type of risks that is present in the business. Therefore, the factors have been identified which have contributed towards the inherent risk at the financial reporting and account balance level. In both the levels, it has been found that there is the high level of inherent risk which the auditor shall consider while planning the audit. The company has also the high risk for going concern assumption. It is recommended for the company to adopt the procedures and incorporate the system in such manner that the risk may be mitigated. References ASA 315, (2014), Auditing Standard ASA 315, available on https://www.auasb.gov.au/admin/file/content102/c3/Nov13_Compiled_Auditing_Standard_ASA_315.pdf accessed on 24/05/2017. Blay, A.D. and Geiger, M.A., 2013. Auditor fees and auditor independence: Evidence from going concern reporting decisionsContemporary Accounting Research,30(2), pp.579-606. Cohen, J.R., Krishnamoorthy, G. and Wright, A.M., 2007 The impact of roles of the board on auditors' risk assessments and program planning decisions.Auditing: A Journal of Practice Theory,26(1), pp.91-112. Knechel, W.R., 2007. The business risk audit: Origins, obstacles and opportunitiesAccounting, Organizations and Society,32(4), pp.383-408. Karen KW, (2014), Risk in Auditing The Inherent Risk available on https://www.hkiaat.org/images/uploads/articles/PBEPIII_inherent_risk.pdf accessed on 24/05/2017. Leong, C.T., 2009, Inherent risk assessmenta new concept to evaluate risk in preliminary design stage-Process Safety and Environmental Protection,87(6), pp.371-376 Miller, T.C., Cipriano, M. and Ramsay, R.J., 2012 Do auditors assess inherent risk as if there are no controls?Managerial Auditing Journal,27(5), pp.448-461 Monroe,G. and Woodliff, D. R. (2013), TheImportanceOfInherentRiskFactors: Auditors Perceptions. Australian Accounting Review, 3: 3446 Nosberger T, (2015), Why do we need Audits and Auditors, available on https://www.unifr.ch/ses/pdf/cours/Audit_methodology_FS_10.pdf accessed on 24/05/2017. Ryu, T.G. and Roh, C.Y., 2007, the auditor's going-concern opinion decision-International Journal of Business and Economics,6(2), p.89 Shariff, A.M. and Chan, T.L., 2008, Inherent Risk Assessment- Inthe 2008 Spring National Meeting Wielligh SPJ, (2015), High Inherent Risk Elements in financial statements of Listed South African Long Term Insurers, available on https://journals.co.za/docserver/fulltext/meditari/12/1/meditari_v12_n1_a11.pdf?expires=1495604697id=idaccname=guestchecksum=53A2B132B5C10DF197A7DE8BCEB79E30 accessed on 24/05/2017.