Tragic Hero :: essays research papers fc

In Antigone Creon is the unfortunate legend. All through the story he shows the four awful legend attributes. He was an individual of high character. Creon was the King of Thebes and he thought he was the most impressive individual. Creon didn't figure anything could stop him. Pride was Creon's ruin. It lead to the loss of many friends and family that were near him. Toward the end Creon acknowledged he wasn't right. He attempted to fix it yet proved unable. What makes Creon a terrible saint in the story Antigone?      Since Creon was the King of Thebes he couldn't have cared less what others would think or state. Creon thought he was above everybody. Creon quickly settled on the choice that Polyneices would not be covered despite the fact that he was family. He despite everything was a backstabber and as a result of this he would not get the benefit of being covered. Any individual who buried him would be executed. Creon shows he couldn't care less about anybody when he discovers Antigone covered Polyneices. He tells Antigone, "And yet you challenged resist the law"(I. 285). Creon doesn't give it a second thought in the event that it is his own relative that bertays him. That individual should pay for their activity of conflicting with the law that he gave.      Creon accepts he is a shake and nothing can hinder him. He thought he was over the divine beings. He would not like to have confidence in Teiresiasis or anything that came out of his mouth. Creon keeps on deduction he is over the divine beings. To him, nothing can change his will. Not even Teiresiasis, the visually impaired prophet who sees the future, can alter his perspective. "Whatever you state, you won't change my mind"(V. 299). In this model, Creon is being difficult. Teiresiasis reveals to Creon that what he is doing isn't right and the divine beings will get him back. Creon doesn't accept this and thinks he is only a liar.            The sad imperfection of pride is the thing that over took Creon and made him go to his destruction. Creon thought what he was doing was correct. To him it didn't make a difference that he decimated his child's future with Antigone. It didn't make a difference that he was slaughtering his own family. It likewise didn't have any effect that the divine beings attempted to stop him and would settle the score with him. Creon thought he was at the top and in charge of all. Creon understands his heartbreaking defect bamboozled him when he says, "Oh it is difficult to surrender! in any case, it is more awful To hazard everything for difficult pride"(Exodos. Shocking Hero :: expositions inquire about papers fc In Antigone Creon is the shocking saint. All through the story he shows the four awful legend qualities. He was an individual of high character. Creon was the King of Thebes and he thought he was the most remarkable individual. Creon didn't figure anything could stop him. Pride was Creon's defeat. It lead to the loss of many friends and family that were near him. Toward the end Creon acknowledged he wasn't right. He attempted to fix it yet proved unable. What makes Creon a disastrous legend in the story Antigone?      Since Creon was the King of Thebes he couldn't have cared less what others would think or state. Creon thought he was above everybody. Creon quickly settled on the choice that Polyneices would not be covered despite the fact that he was family. He despite everything was a double crosser and due to this he would not get the benefit of being covered. Any individual who buried him would be executed. Creon shows he couldn't care less about anybody when he discovers Antigone covered Polyneices. He tells Antigone, "And yet you challenged resist the law"(I. 285). Creon doesn't give it a second thought on the off chance that it is his own relative that bertays him. That individual should pay for their activity of conflicting with the law that he gave.      Creon accepts he is a shake and nothing can hold him up. He thought he was over the divine beings. He would not like to trust in Teiresiasis or anything that came out of his mouth. Creon keeps on deduction he is over the divine beings. To him, nothing can change his will. Not even Teiresiasis, the visually impaired prophet who sees the future, can adjust his perspective. "Whatever you state, you won't change my mind"(V. 299). In this model, Creon is being difficult. Teiresiasis reveals to Creon that what he is doing isn't right and the divine beings will get him back. Creon doesn't accept this and thinks he is only a liar.            The disastrous blemish of pride is the thing that over took Creon and made him go to his destruction. Creon thought what he was doing was correct. To him it didn't make a difference that he crushed his child's future with Antigone. It didn't make a difference that he was murdering his own family. It likewise didn't have any effect that the divine beings attempted to stop him and would settle the score with him. Creon thought he was at the top and in charge of all. Creon understands his deplorable blemish bamboozled him when he says, "Oh it is difficult to yield! however, it is more awful To chance everything for difficult pride"(Exodos.

C Program Code for Programming Computer and Hacking- myassignmenthelp

Question: Examine about theC Program Code for Programming Computer and Hacking. Answer: C Program Code C programming language is a programming language created by Dennis Ritchie in 1972 at Bell Laboratories (Hoffman Benton, 2015). Its highlights were for the most part gotten from BCLP which was a programming language which preceded it. B represents Basic Combined Programming Language. Its development is ascribed to the usage of the UNIX working framework. Having created C 1972, Ritchie along with Brian Kernighan proceeded to distribute The C programming Language in 1978 which was the main release. The American National Standards Institute made a panel to give an extensive and present day meaning of C in 1983. C has measures. The main standard determination for C is C89/C90 which was made by The American National Standards Institute in 1989 and it alludes to a similar programming language. The subsequent standard is C99 which was distributed in 1999 as an update and it made a presentation of fresh out of the box new highlights which incorporate the propelled information types. C programming language is among the most remarkable programming dialects today and its highlights incorporate the way that it is productive and viable, measured, intuitive, adaptable, convenient and solid. C has seen its uses in the improvement of framework applications which compensate for the significant bit of top three working frameworks which incorporate Linux, UNIX, and Windows. It is likewise used in the advancement of mediators, arrange drivers, compilers, constructing agents, working frameworks, spreadsheets, word processors, illustrations bundles and database frameworks. At present, there are three degrees of programming dialects which incorporate low level, significant level, and center level dialects. Significant level dialects will in general make arrangements for practically all the things which are required by the software engineer as effectively formed into the language and a model is Python and Java. Center level dialects neglect to make arrangements of all the inherent capacities as those gave by the elevated level language. Anyway center level dialects make arrangements of all the structure squares important to create the essential outcomes and they incorporate C and C++ programming dialects. In conclusion, low-level dialects make arrangement of the machine essential guidance sets get to just and a model is the Assembler language (Kanetkar, 2016). Article arranged language makes sure that projects are part into objects with its prime concentration in information which is experiencing an activity. In this kind of language, information isn't obvious and consequently outside variables can't get to it. With regards to question situated language, the program structure runs in a Bottom UP way. Enormous projects in structure situated language are part into little projects called capacities. The significant spotlight is on techniques and capacities working on the information which moves in a free way all around the frameworks from one capacity to the next. The methodology taken by this language is Top Up and the instances of this incorporate Modular-2, ALGOL, Pascal, and C (Warren, 2015). Reference Hoffman, P., Benton, M. (2015). C++: The Crash Course to Learn C++ Programming and Computer Hacking (c in addition to furthermore, C++ for apprentices, programming PC, hacking the framework, how to... Coding, Kanetkar, Y. P. (2016).Let us C. BPB distributions. Warren,T. (2015).C Programming For Beginners: The Simple Guide to Learning C Programming Language Fast!. CreateSpace Independent Publishing Platform. CSS, Java, PHP) Volume 9.

Application Essay Writing Service at a Low Cost For Students

BLOG In: Services Why is application essay for university so important for those who want to go to the university? This is the display of your knowledge and skills. In such a way, you show, what kind of a background you have to understand whether you are worth studying at this very university. However, this is not a universal evaluation of the knowledge since people who ordered this essay show very good results at the university. We will choose the best essay writer we have so that he could write an essay that will amaze the board for you to get the place you want. You even need to order this essay, first of all, it will be written by professionals and the second reason for doing it is that you will save your time which is the topic of our todays discussion. Also in this section: Buy Essays Online With Professional Writing and Proofreading College Essay Writing Help: Self-Development Experiments English Editing And Proofreading Services: Educational Tips Buy Online Essays On Inspiring Thoughts Cheap Essays On McClelland Motivation Theory Check My Grammar In Essay On Convincing Speaking Online Essay Revision On Cognitive Skills Improvement Our best college application essay writing service offers you to visit our blog and check our new update. This essay reveals the way people waste their time. Time is the only resource we get for free but it can't be taken back. We slowly waste the gift we got from the universe without even considering it to be important to think about. People are more concerned about some insignificant issues forgetting about the merciless flow of time that will spare nobody. Usually, when we grow old we realize how much time was wasted and fell nothing but pity. Considering this problem, we singled out three things we waste our time on that will result in such an unhappy ending. These things being a part of our life make it only worse but once they are got rid of, one will realize that our life is something more than a meaningless waste of our time. Before reading an essay there is another matter we would like to discuss. Have you heard about time management techniques and its impact on our lives? This is a whole science that is intended to teach people how to control their own time and make it work for your own benefit. Follow these link to get acquainted with fifteen time management tips for achieving all your goals. Lack of confidence This is our worst enemy because we deliberately deprive ourselves of the opportunities offered. Usually, we miss the one-time offers and regret that for a long time. Sometimes, even the whole life is not enough to forget about this deed and a single thought that you might take the chances and succeed wont let you fall asleep at night. Whether such a life is worth living? As a rule, young and inexperienced people fall prey to this problem due to one simple reason; they are just afraid of challenges and sometimes they are not to blame. Modern parents abuse their care and their children are not self-reliant and it results in lost opportunities. The question to do or not to do is always answered the same way. It is better to do than regret. There is nothing for you to lose while you are young and free. Failures are nothing more than just experience we should use for our own good. Being the best college essay writing website we have plenty of bonuses each and every visitor gets. You can f ind out more about these ones via our online chat. We are always glad to have your messages. However, people abuse it as well and this is the topic of our next part. This is not the best example, but you might have heard about the concept of the "hero". This is a person who has certain qualities like bravery, strength, enough guts to sacrifice something of his or her own. We hope this essay written by one of our writers will help you to become more confident Pity Too much time was spent on self-pity. Obviously, it is much easier to embrace the pillow overthinking the recent failures doing nothing to fix it. Some people even find their peace on the bottom of the bottle or abuse drugs which leads to horrible consequences. The depression never was a perfect mate and usually, it is caused artificially since people used actual disease and use it as an excuse to do nothing. The concept of opportunity will be discussed throughout this essay and this part will also the matter of lost opportunities. For example, you've done something wrong at work and got fired. Such a common situation, don't you think? However, some people are able to find enough strength to use this lesson not to repeat this mistakes again and start searching for a new job while others just put up with such a misfortune and stop moving; using the word moving, I mean to do something. If you are looking for the professional online essay writer or editor, our company will gladly provid e the best ones we have with a good discount! Our team is positive that only hardworking can help to get rid of obtrusive thoughts since our laziness is one of the major triggers of depression and overthinking It is ridiculous to think that you are the one with such problems. There are more than seven billion people all over the Earth and they experience the same troubles as you do. You just need to be the one who will continue his/her way. Complains People just love to complain about their destiny. They try to justify their failures blaming family, friends and even the whole society. The words will fix nothing. Stop whining about the problems that are impossible to solve or that the destiny was less kind to you. Sometimes, it is true and certain people are lucky to born in the wealthy families with a greater range of opportunities but it is high time to start believing that we are the ones who create our own destiny. Complaints are not helping, they just make it worse. Moreover, nobody likes people who complain too much since this is negative energy nobody wants. We all want to communicate with positive and strong people since in such a way we can take a small piece of this strength for ourselves. Save God such people truly exist but didnt you want to become such a person yourself? Didnt you want to become a beacon of light in the darkness? This is a hard work to do but still, such a life is worth living. Once you stop complaini ng about your poor destiny, the life will get better. These are a couple of tips for those who want to be a more positive person and bring more light into this dark world. This is not the whole list of all the things we waste our time on, but we tried to single out the worst ones. As you can see, these are psychological ones. The ones we create ourselves. People dont actually realize that they create their problems themselves and there is nothing to be afraid of since our life is too short to hesitate. Time wont magically make you young again. It flows through your veins and fades away. The best piece of advice we can give in this way is to be more confident and brave no matter how hard it is. However, it is not as hard as to find good and cheap research paper rewriter on the internet. If you are reading this essay, your search is over. Star-writers.com will get what you need. The reasons for ordering on our website are not limited by our experience and skills. First of all, we do our best to provide premium-quality college application essays writing service and help our customers whatever the cost and always make sure all the needs of our customers were satisfied. If they are not, we fix the problems at once not to repeat the same mistake again in the future. We took all the measures for our customers to feel convenient working with us and we will do our best to keep it that way. If you have questions, please, you are welcome to ask them via our online chat with support agents ready to discuss any issue with you. Popular posts: Essay Grammar Check On Business Communication Tips Cheap Essay Writing Service: Branches Of Psychology Critical Thinking Essay: The Best Ways Of Self-Development What Is Justice Essay: What Is Wrong Or What Is Right? Terrorism Essay: Where Does Terrorism Come From?

Letter Of The Declaration Of Independence - 1035 Words

Seo Ho Cho December 17, 2015 HIS 130 Y01 To my dear friend Hi my friend. By the time you read this letter, I am not going to be alive in the world anymore that because I have gotten a disease from a hard work and violence. Even now, black slaves like us who has not given freedom, and we suffered from severe labor except bedtime thus far. By the way, as you probably know, finally in 1776, some members of the 13 Colonies met in Philadelphia and declared independence from England and Thomas Jefferson was the chief proponent of the Declaration of Independence. The declaration includes the preamble, which is a declaration of principles, as in we hold these truths to be self evident, that all men are created equal, and that they are endowed by their Creator with certain inalienable rights, and that among these are life, liberty, and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. And whenever any government becomes injurious of these rights, it is the right of the people to alter or to abolish it. Thomas Jefferson did the majority of the writing, Dr. Franklin said he had made it a practice never to be the author of any paper to be reviewed by a public body, though he assisted with the editing, tweaking the wording a little. However, Jefferson is a lifelong owner of slaves, although he helped to declare, â€Å"all men are created equal† when writing the â€Å"Declaration ofShow MoreRelatedDeclaration of Independence and Letter from Birmingham Jail Essay1102 Words   |  5 Pagesparticular are Declaration of Independence and Letter from Birmingham Jail. Both writings are very effective and successful in reaching out to their intended audience. However, Letter from Birmingham Jail is more effective in communicating its purpose to its audience. This was done in a time when black men and women were systematically and violently denied a platform from which they could publicly voice their issues to the nation. Declaration of Independence and Letter from BirminghamRead MoreThe Declaration Of Independence By Great Britain882 Words   |  4 PagesIntroduction The Declaration of Independence, the United States Constitution, and Jefferson’s Letter to the Danbury Baptists are three significant documents that played a major role in the founding of our nation. The documents are important on their own as they cut ties with a large country, establish a new country, and enforce the rights of its citizens. However, they are just important as a set as they show the growth and strength of a nation in its infancy. The Declaration of Independence The DeclarationRead MoreThe Declaration Of Independence By Martin Luther King Jr. Essay1334 Words   |  6 PagesWhat is our role as a citizen? The Declaration of Independence explains a citizen’s role as, â€Å"Individual rights refer to the liberties of each individual to pursue life and goals without interference from other individuals or the government.† But what happens when the rights given to us are not protected as stated in the Declaration of Independence? The result is dissatisfaction in our communities which leads to people taking a stand. Martin Luther King Jr.’s Letter from Birmingham jail talks aboutRead MoreThe United States Constitution And The American Declaration Of Independence1525 Words   |  7 PagesAmerican Declaration of Independence The Constitution of the United States of America is always touted and considered by many across the globe as one of the most liberal and people-friendly Constitutions in the world over. This assertion flows from the lofty language with which the document was written by its drafters and further inherent in the subsequent amendments. It represents the supreme law of the U.S, having been promulgated back in 1778. On the other hand, The Declaration of Independence is theRead MoreThe Declaration Of Independence By Thomas Jefferson1113 Words   |  5 PagesThe United States Constitution, Declaration of Independence share many similarities and probably the same amount of differences. The Unites States Constitution was written on 17 September 1787 and the Declaration of Independence was written on 4 July 1776, the dates hold no significance at that time, but the Declaration was written first. This shows that out of the three the Declaration of Independence was written first, and with that b eing said was most important. Usually documents written and signedRead MoreThe Declaration Of Independence By Thomas Jefferson1463 Words   |  6 Pagesthat the Declaration of Independence was written by Thomas Jefferson. Jefferson was actually part of a five member committee appointed by the Continental Congress to write the document, but he is the main writer of the document. The other members were Benjamin Franklin, John Adams, Robert Livingston, and Roger Sherman (Surfnetkids n.p.). Jefferson was born into a prominent family and had a very educational background. Jefferson’s reasons for his contributions to the Declaration of Independence wereRead MoreThe Declaration Of Independence And The United States895 Words   |  4 Pagescountry there are a handful of documents that have stood the test of time, however the documents that have remained relevant are ever more important today then when they were originally drafted. The U.S. Constitution, the Declaration of Independ ence, and Thomas Jefferson’s Letter to the Danbury Baptist Church are three documents that are still hold relevance in today’s societal discussions. These three documents hold truths, principals and ideologies that were and are crucial to the continuation andRead MoreMartin Luther King Jr s Letter Of Birmingham Jail903 Words   |  4 Pagesthe mixture of liberty across the United States. Martin Luther King Jr’s a â€Å"letter of Birmingham Jail,† and Thomas Jefferson in the Declaration of Independence both advocate the claim for freedom. Both of these historical figures make this apparent by arguing for the protest against tradition, a change across unjust laws, although they differ between the kinds of change to be enforced. Martin Luther King Junior’s a letter from a Birmingham Jail was him expressing his motivation for the protestRead MoreThe Declaration Of Independence And Independence969 Words   |  4 PagesThe US Constitution, The Declaration of Independence as well as the Letter to the Danbury Baptist are not just historical documents, but some of if not the most important documents of the history of our nation. Although, similar in many facets the intentions and the goal pursued by each highlight their individuality. The fact that the Declaration of Independence was the first to be implemented and signed is of significant importance as it set the pace and put in motion the proceeding documents thatRead MoreComparing The Declaration Of Independence926 Words   |  4 Pages 2 The US Constitution, The Declaration of Independence as well as the Letter to the Danbury Baptist are not just historical documents, but are some of if not the most important documents of the history of our nation. Although, similar in many facets the intentions and the goal pursued by each highlight their individuality. The fact that the Declaration of Independence was the first to be implemented and signed is of significant importance as it set

Essay Clover Valley Dairy Case Study - Letter to Charles...

Clover Valley Dairy Case study - Letter to Charles Krieger Dear Charles Krieger, A big thanks for your letter in regards to market testing of the new cups and carriers! Your suggestions are much appreciated and are really very helpful in what we are trying to do. I want to share my thoughts about the market testing we want to conduct and also discuss with you the ideas you have proposed, with the final goal of finalizing them and ensuring that we indeed have the right approach for this initiative. I have outlined below my thinking on key points for your consideration. Before getting into the actual market test, I wanted to discuss and clarify on what is the actual purpose of this research. We have spent significant time and effort†¦show more content†¦It should without a doubt be cost effective. Considering this, I would agree with your suggestion of having a much smaller test market to carry out the study, with primary research using real customers. Primary research would give us key insights from real customers which can be acted upon, and as we are doing this with just a subset of the population it would be both cost effective and not risk overall product objectives. This brings us to the larger question of whether the multipack should be tested at all, as interest and employee family testing has shown it to be working and effective for the purpose intended. I believe that it is very important and critical that we have this test, as it would help us validate our assumptions and have feedback from real customers, insight that could prove very valuable and also prevent us from risk of failure and harming one of our very successful new products. If we are going ahead with the test, we should also deliberate and agree on the criteria that would measure success or failure of the testing. The criteria for success would be subjective feedback from customers that they like the new packing at least at the same level as the older one. Objective feedback for success would be that there is no loss of sales or increase of sales with the new packaging. On the contrary, the failure criteria for this test would be sales of the product going down and customers not buying. Other failureShow MoreRelatedClover Valley Dairy Compan Essay1807 Words   |  8 PagesThe study data appear to support the notion that CFC grape juice is held in high esteem in Puerto Rico, yet a solution to CFC’s sales problem is needed. With this in mind, Ms. Verbrugge arranged a meeting with Jeff Hartman, Market Research Manager, to discuss and review the situation. Ms. Verbrugge wanted to examine the problem in more detail and was prepared to commit additional funds for marketing research. Before making any decision, however, she wanted Mr. Hartman’s assessment of the situation

Accounting Information System Cloud Computing

Question: Explain how the implementation of cloud computing relates to an organisations strategy and how it could affect a companys value chain. Use a recent announcement by a company to illustrate your explanation? Answer: Introduction (Awad, H. (2014) stated that a special type of the computing which is mainly relies on the basis of doing the sharing of the computer resources to a certain extent so that it becomes more easy to handle the personal devices and also the applications. It is mainly one of the types of the internet based computing which offers various services which includes applications, storage and the server. Cloud computing is mainly used in the traditional supercomputing which is mainly used to provide the storage data and also the immersion in the computer games. This whole assignment is parted into 2 parts. In the first part it mainly deals with the proper implementation of cloud computing and also how it relates to the organizational strategy and also how this relation causes an effect in the value chain of the company. Then in the second part it mainly tells about how the ERP can help in the value add and also deals how to stay away from the potential risk at the time of the implementation of the solution of the cloud based ERP. 1. Evaluation of the impacts of cloud computing on the basis of corporate strategy and also the value chain. In the relation of the organization strategy, the implementation of the cloud computing and also it causes effects on the companys value chain with the much possibility to do the changes which are listed below (Awad, 2014): Value delivery: It mainly deals about the proposition of the values with all over the delivery cycle and also ensures how IT does delivery of the benefits on the basis of the strategy and also by putting the concentration on the optimization of the costs and also the availability of the inherent values of IT. Through the cloud computing it offers the several options which can also changes the features of the model and also needs to free up of the more IT budget on the basis of the innovation and also the association supports and the utilization of the hard ware. Some of the tools which are mainly based on the cloud computing enables the prototyping rate and also the allowing the quick delivery of all the applications mainly the business applications. With the potentiality of the cost saving the projects which were cost prohibited now get the fund so that it can get the support from the additional projects. With the availability of the right type of the strategy and also the combinati on of the advancement of the technologies, IT can deliver the more values with the potentiality of the less money. So that to ensure the appropriate value being delivered, the IT firms needs to take hold of internal cost structure of the organization in order to drive the investments more correctly (End-user satisfaction in ERP system: application of logit modeling, 2014). Risk management: It is also one of the most critical areas which are greatly impacted by the implementation of the cloud computing. There also arise some of the critical questions by conveying the cloud computing in to the existing ecosystem of IT. It also mainly based on the protection of the data and also the continuity of the business which includes the impacts of the recovery plan of the disaster, restoration and the backups of the data documentation policies and also plans of the business continuity is affected. In this cloud it also includes the quicker of the cloud completion by doing the provision of the resources with the help of the cloud and also the uses of the cloud resources so that it can speed up the prototyping and also the high rate efficiency by doing the proper use of the personnel resources and the funding. IT organizations also need to do the review and also the adjustment of the measurements and also the metrics as per their requirements (Hussain and Abdulsalam , 2012). Resource management: Resource management is also one of the key challenges for the department of the Information technology under the governance of the corporate sector. With the availability of the varieties of the ways, the resources get available for doing the effective management under the effect of cloud computing. Through the cloud computing technology, it helps in removing of all the barriers and also does the effective interaction between the suppliers and the clients so that it can helps in the proper understanding of the increase percentage of the value chain in doing the better business. Addressing of the risk equation: Cloud computing possess the greater ability to do the proper mitigation of the risk mainly on the basis of the evaluation of the changes and also on the inheritance of the risk. The service delivery models and the policies, the robust matrices of the cloud computing takes account the storage of the sensitive data. Apart from this, the available models and policies of cloud computing takes the regulation of control of the data, offering of the data security and also the issues on the compliance basis. The important effects of cloud computing is the circumstances of doing the data recovery. Moreover, cloud computing also allows the international law of data access and also the implication of the taxes for doing the business strategy on the basis of which they can expand the business also on the international background (Awad, 2014). Transformative impact: To do the proper creation of the new opportunities for doing the business for any of the organization in doing the business, the cloud computing techniques and the tools becomes most powerful and also most efficient in nature. It also has the ability to do the facilitation of the services, businesses and also the revenues. In the context of the value chain management process, the one of the effective method of creation in the terms of doing the timely interaction among the customers and the marketers is also known as cloud computing. Also in the perspective of the information technology, the services of cloud computing offers consistency, cost reduction, speed, agility etc. The other types of the functional activities which mainly occurs in the business organization includes the proper monitoring of the staffs, maintenance of the database and also the daily updating, personnel management cloud computing becomes the innovative resources. Cloud computing occurs t ransformative impacts on the rapid growth of the corporate industry which includes customer relationship management, information technology, human resource management etc. Several providers of cloud services which are available in the market are OS, Apache, and MySql etc. 2. Implementing the cloud based ERP system in business Here order to increase the performance of the organization and also by preparing the system of the best accounting information, the business sector organization needs to engage the Enterprise Resource Planning (ERP). It is also an incorporated system which can simply create the organizational process in a single process. SAP is the one necessary supplier of the ERP system for doing the business. Conversely, it is also noticed that ERP is one of the biggest information technology platform which not executed properly. Due to this, the company also faced more troubles to do the proper execution of the program. Furthermore, the development of the ERP system is more costly in nature. For the small business firm it becomes very much impossible to do the proper implementation of the ERP system. To meet the rapid development of the technology growth, the ERP suppliers needs to initiate the process of cloud computing for the implementation of the ERP solution in the business organization. It becomes cost effective in nature and also becomes easier to do the proper execution. The concept of the plans of the cloud based ERP solution introduces the moving facility of the resources from the software service to the platform service. The implementation of cloud ERP in the business of the organization helps them to deliver some of the high quality benefits (Illeris, 2014): Reduction of the total cost of ownership: cloud based ERP solution allows the organization in doing the proper building of the application with the low budget and also allow to do the access. It also helps to maintain their analytical report, HR department; CRM etc. cloud based ERP system helps to generate the automatic process and also helps to decrease the software and the hardware requirements and also the IT teams of the organization. Better arrangement of investment in IT: in the cloud based ERP it needs the less capital than the traditional ERP. The cloud based ERP system solution is more flexible in nature rather than the other traditional ERP system. To do the development of the ERP system, the organization needs to put up with the little improvement in the technologies. Hence, () recommended that the cost of the costs of the solution of the cloud based ERP system can go up and down on the basis of the organization infrastructure. The third party vendor needs to take the full responsibilities in doing the proper development of the cloud based ERP system. On the basis of this, companies of the business industry can improve their IT investment in a better way. For an instance, if the organization implements the cloud based ERP system it helps the organization in doing the monitoring of the whole system and also ensure the system up gradation (Supramaniam, Abdullah and Ponnan, 2014). Access on global basis: the cloud based ERP system gives the opportunities to all the employees and the staffs to do the proper accession of the information. On the other hand, the cloud based ERP system was offered by some of the large organization which include Amazon, Google, and Microsoft etc. As a result the risk of the information threats in doing the accession from the outside of the office becomes lower in nature. With the availability of the internet, it becomes easy to do the proper accession of the information from the anyplace. Dynamic solution of business: the cloud based ERP system becomes the effective and also the efficient resources through which it can scalable the costs. It also allows in doing the purchasing of the large amount of the resources. So the accessible IT staff can give more focus on adding the values of the projects to maintain the every days operations (Wang, 2014). Solution of all sized organization: the cloud based ERP system helps to do the connection of the entire business process in the one system so that the information of the supplier, clients etc. Risk which needs to avoid at the time of the implementation of the cloud based ERP system: To do the implementation of the cloud based ERP system solution inside the organization, it also can face some of the risks. For doing the implementation of the ERP system it needs to avoid some of the risks which include (Tari, 2014): Violation of security: the violation of the security is one of the key risks which occur at the time of the implementation of the cloud based ERP solutions due to the third party implementation of the ERP system. Due to the presence of the leakage of the any information based on the security may rise to the several types of the risks. So to avoid the security risk at the time of the implementation of the cloud based ERP system it needs to follow some of the rules and the regulations (Velu and Jacob, 2014). Apprehension of business owner: the business owner needs to involve more closely with the involvement of the implementation process of the ERP system. Due to this result, the third party of the vendor incapable to do the proper implementation of the ERP system and also needs to install and also to describe the entire process more clearly on the basis of the proper requirement of the organization. State and Federal regulation: it is also the other factors in which it needs to consider to avoid the risk at the time of doing the implementation of the cloud ERP solution. So to avoid the risk of the implementation of the cloud based ERP system needs to involve some of the rules and the regulation so that it can cover up all the information or the sensitive data specially the organization like health care organization, financial organization etc (WANG et al., 2014). Conclusion In this whole study it concluded the whole impacts of the cloud computing in the corporate strategy and the value chain and also causes the effects of the cloud based ERP system in the context of the business. It also needs to suggest the solution to avoid the risk at the time of the implementation of the cloud based system of the ERP solution in business. References Awad, H. (2014). Investigating Cloud ERP Challenges in Public Universities in the Middle East Field Study . IOTCC, 2(3), p.12. Awad, H. (2014). Investigating Cloud ERP Challenges in Public Universities in the Middle East Field Study . IOTCC, 2(3), p.12. End-user satisfaction in ERP system: application of logit modeling. (2014). Applied Mathematical Sciences. Hussain, M. and Abdulsalam, H. (2012). Software quality in the clouds: a cloud-based solution. Cluster Computing, 17(2), pp.389-402. Illeris, K. (2014). Transformative Learning and Identity. Journal of Transformative Education, 12(2), pp.148-163. Supramaniam, M., Abdullah, A. and Ponnan, R. (2014). Cost Analysis on ERP System Implementation amongst Malaysian SMEs. International Journal of Trade, Economics and Finance, pp.72-76. Tari, Z. (2014). Security and Privacy in Cloud Computing. IEEE Cloud Computing, 1(1), pp.54-57. Velu, C. and Jacob, A. (2014). Business model innovation and owner-managers: the moderating role of competition. RD Management, p.n/a-n/a. Wang, h., warner, m., tian, y. And zhu, d. (2014). Public owner with business delivery mode in china: case study of the shanghai public bus system. Annals of Public and Cooperative Economics, 85(1), pp.147-164. Wang, J. (2014). Design of Stadium Management ERP System. AMR, 926-930, pp.4709-4712. Weng, F. (2014). Competition and Challenge on Adopting Cloud ERP. International Journal of Innovation, Management and Technology.

Treasure Island Essays (3656 words) - Treasure Island,

Treasure Island Character of Interest My favorite character in Treasure Island is captain Long John Silver. This character really stood out to me. The reason being that he was a very respected and or feared pirate among everyone that knew him. He had a very complex personality, at first he seemed to be the kindest person is the whole book, but later he really reveals what he is capable of and you soon learn it is really a act. Long John Silver is a very hard man to understand. It's very hard to even describe him. He could be very friendly and nice, which he looked like. He had lost his leg above the knee so he hobbled around on a crutch, which he could move around remarkably good, he dressed in your average seamen clothes, thick sea cloth pants with a button up shirt and a tri-corner hat with the only one he trusted perched on his shoulder, his parrot he named Captain Flint. He really looked to be a friendly old man. But he was much more than he appeared, he was evil enough to kill someone for looking at him wrong. And if you met someone like him on the street, you would never think he could do the things he did. And yet his fellow mates gave him more respect then the Captain Smollett or anyone else, I believe much of it came from fear though, if you weren't a close friend of his you could have much to fear from him. First of all, this pirate changes from a proud captain, to a beggar. When the real captain (Captain Smollett) hires Long John Silver as the ship's cook he seems very kind and respectful, in fact he even picks the hole crew for the Hispaniola (later to his advantage he finds out). When Jim Hawkins meets him he treats Jim as his he was his own grandson, and shares his stories and experiences with him, which is usually uncommon for a pirate to be so kind, he tells Jim he reminds him of himself as a young lad. In fact Long John owns a pub in Bristol, England, and he sees a man run out the door with out paying for his rum, instead of running outside firing guns down the street at him he ask one of his fellow sailors to chase him down and get his pay, which I expected him to ask to get his throat slit. But later Long John organizes a mutiny and plans to take over the ship so that they are to find the treasure. And when they are ashore he single handily kills ever loyal man aboard and assumes position of captain and leader of the mutineers. And during the end when his plans for treasure are lost, and every man on his side is either dead or lost on the island he swallows his pride and does his best to please everyone hoping they won't abandon him on the island, which I couldn't believe, I thought he would tell them to go to hell rather then answer to them. So he acts differently, but he thought the same, I know if he had a chance he would kill them all in the night. So he really doesn't change at all. I don't really believe that I connect or related to this character at all. He lived in a completely different time than me and has done things I only know of from stories like this. But there was one thing I did admire about him, that was that he always keep his word. Even when he makes a bargain with his enemies he had a chance to shoot and kill them in the back, but he didn't, even though it was his second goal of the book was to kill them he made a promise to let them go safely, and he did. Theme The main theme of Treasure Island is that crime doesn't pay. Long John Silver lost his entire crew, some at by his own hand, trying to get the treasure. And ended with nothing compared to what he thought he was going to. He had this master plan to organize to take over the ship, obtain the treasure map, find the treasure, steal the ship for him and his men, planning to leave Captain Smollett and his crew dead or alive on the island. And then leave

The Relevance of Political Parties in Presidential Elections essays

The Relevance of Political Parties in Presidential Elections essays As I survey the list of candidates on my absentee ballot for the 2004 general elections, one thing sticks out. Republican, Democrat, Green, Libertarian, and Conservative- the list of Political Parties are endless. Even though no mention in the Constitution was made of parties and James Madison, in Federalist no. 10, defines a faction as a "number of citizens...united and actuated by some common impulse of passion, or of interest, adverse to the rights of other citizens, or to the permanent and aggregate interests of the community (Madison, 1787)." Certainly this sounds an awful like what many Americans would consider a Political Party. However, the modern-day political party has differed greatly than the party's of yesteryear. These days' political parties, specifically the two major ones, concern themselves more with nominating and electing candidates, emphasizing winning of office in the short term as opposed to governing and influential policy making (Cotter, 1984, p. 3). This is a far cry from the party bosses and political machines of the early 20th century, like Ohio Republican Party Boss Mark Hanna who was widely believed to have wielded great power behind the scenes of the McKinley presidency. The Republican and Democratic Parties of today serve as powerful surrogates for their respective candidates' campaign, helping out with propaganda like TV commercials, internet ad campaigns and post-debate spin, or "get out the vote" efforts, but they don't have the influence over a candidates' position on the issues or actual day to day operations of a campaign like they used to. As will be shown, political parties are still very important for understanding American electoral politics today, as without the backing of a major one, a candidate could not be elected president. As mentioned previous, political parties at one time exerted a great deal more influence on a presidential candidate. An example of this would be the presidential e...

Caregiver Stress

ASC 4126 – The AIDS Pandemic Caregiver Stress Caregivers are those people who provide assistance to other people who are unable to perform certain activities on their own because of a physical disability or chronic illness. Formal care can be obtained at home, or from institutions such as nursing homes, and is offered by trained, paid or volunteer professional caregivers. However, informal care, which is usually offered by family members or friends, often in a home setting, is becoming increasingly common. These caregivers are normally inexperienced, untrained, and otherwise lacking the education necessary to maintain their own good health under the stressful conditions they face. Informal caregiving can have significant effects on the mental and physical health of the caregiver, and this will continue to become an increasing social problem in the United States as the population ages and the number of people requiring care outpaces the availability and affordability of professional care. Therefore, it is important to address the warning signs of caregiver stress, the potential health consequences and the ways in which the stress can be managed. Informal caregiving is becoming an increasingly standard function of many American families. It is estimated that there are 29. 2 million family caregivers in the United States, and about a quarter of them are caring for an aging parent. (McLeod) One of the common unintentional, harmful effects that is a reality in informal caregiving is that there is the potential for the â€Å"illness or disability or injury of the one (being cared for to) become such a focus it almost replaces the rest of their identity†. (Article 8) The same kind of thinking can also be used to explain the health risks that the caregivers themselves face. Caregiving can be very stressful, time consuming and demanding. Informal caregiving, which is usually a healthy spouse, child or parent living with the disabled person at home, can be a 24 hour, 7 day a week responsibility. It can consume all of their free time, and therefore the caregiver could potentially lose their own identity, and become unable to recognize the warning signs of their own health deterioration as a result of their commitment to caregiving. These caregivers, as part of losing their own identity, may be putting there own needs behind the needs of the person they are caring for. The result of this is that many of the warning signs that the caregiver is risking their own health are either overlooked, or attributed to being overwhelmed or tired from the extensive amount of time and energy that is required in caregiving. It is important for caregivers to educate themselves about the signs or symptoms of caregiver stress so that they can be sure to maintain their own good health. This is the only way to continue to be able to care for their loved one, as well as to help prevent a medical situation in which they could eventually require full time care themselves. The warning signs of caregiver stress vary from person to person, but doctors and psychologists have formulated general symptoms that people should pay attention to. At risk caregivers may exhibit denial about the disease or its severity, anger at the person with the disease, an inability to concentrate and severe irritability. Other psychological conditions could include depression and anxiety, dulled emotions and frequent memory lapses. They might be quick to cry or get angry, or have the consistent feeling that they simply can not cope anymore. Physical symptoms could include chronic fatigue, headaches, stomach aches and sleeping difficulties. Caregivers might even notice that they are catching colds more often than normal, or that they are experiencing an increase in their smoking, drinking or drug use. About 30% of caregivers use psychotropic drugs, such as sleep-aids, compared to only 20% of non-caregivers. (AlzheimerSolutions) Caregivers should also recognize warning signs in other aspects of their life as well. In their social life they may feel isolation or withdrawal from their friends, or be less interested in activities or events they usually enjoy. Another signal may be reduced effectiveness at their job, or in their other family responsibilities other than the caregiving. (McLeod, Maritato) Doctors and psychologists agree that if a caregiver experiences several of these symptoms, that they should consider themselves at-risk for medical complications themselves, and realize that their ability as a caregiver may become compromised. The importance for caregivers to recognize these symptoms and make the necessary lifestyle changes can not be understated. It is especially important for elderly caregivers, most of whom are caring for their spouse. It has been shown that a caregiving spouse between the ages of 66 and 96 who experience some type of emotional or mental strain have a 63% greater chance of dying than those in the same age group that are not caregivers. (Caregiver. org) But it is not just the elderly that develop serious medical problems related to their caregiving responsibilities. Caregiving related stress can have a severe impact on the immune system, which in turn has a direct influence on our overall health. Even wound healing is affected by the stress associated with caregiving because of the impact on the immune system. One study shows that wounds, such as cuts, take 24% longer to heal in Alzheimer caregivers than in non-caregivers. (AlzheimerSolutions) A weak immune system will also result in an increased rate of infections and serious illnesses. Therefore, caregivers are at an increased risk of contracting common colds and the flu, as well as more serious, chronic illnesses such as heart disease, diabetes and cancer. O’Brien) Research has shown that 51% of caregivers with significant responsibilities have sleep difficulties. (O’Brien) Lack of sleep can result in decreased effectiveness at work and at home, as well as impairing the ability to be a functioning caregiver. This symptom of caregiving can also have severe health consequences. There is increased research that shows a direct relationship between sleep deprivation and a heightened risk of many major illnesses, i ncluding heart disease and obesity. O’Brien) Finally, it has been proven that the stress associated with caregiving can actually shorten a person’s life if they don’t pay attention to the warning signs and maintain their own good health. This is not something that only the elderly needs to consider, because caregiving stress can affect the physiology of all caregivers. It has been shown that chronic stress can â€Å"accelerate the effects of aging by actually shortening cell life, (because) it leads to weakened muscles, skin wrinkles and even organ failure†. These studies found that this type of chronic stress can potentially shorten a caregivers life by as much as ten years. (O’Brien) In order to prevent these serious medical conditions, caregivers must not only watch out for their personal warning signs, but also find ways to manage the stress of caregiving. Most importantly, caregivers need to take care of their own health. This includes regular exercise, eating nutritious meals, and maintaining regular sleep patterns. Regular medical checkups are also essential, especially if the caregiver is experiencing some of the warning igns mentioned earlier. Perhaps this is the most overlooked necessity, because of either the lack of time, or the constant focus on the person being cared for. It is estimated that caregivers average four doctor visits per year, while non-caregivers average seven. (AlzheimerSolutions) Other ways that caregivers can manage the stress include maintaining their social life, especially their friendships and ot her social relationships, which can serve as a much needed break, or â€Å"escape† from their responsibilities as a caregiver. Caregivers should also be willing to ask for and accept help from others whenever possible. This can include other family and friends, or community organizations such as a local Area Agency on Aging, faith based groups or adult day centers. Adult day centers are basically there to provide relief for caregivers. They provide social activities and minimal medical attention during normal business hours. It is also important for caregivers to have an outlet for their stress, which can be achieved through talking to their friends and co-workers about their experiences. Joining a support group can also be a beneficial tool to learn how to deal with negative feelings. In order to properly manage their stress, caregivers have to learn how to deal with the common feelings associated with caregiving, such as embarrassment, guilt, helplessness and anger, and a support group could really help in that effort. Most people that become informal caregivers do so because of the unexpected illness or injury of a loved one. Because they generally become caregivers without any training or education, they are not usually aware of the possible negative impact on their own health that can be a result of their commitment to caregiving. It is therefore extremely important that caregivers understand the warning signs and symptoms related to the stress associated with caregiving and the potential medical consequences. They need to take advantage of any services available to help them manage the stress, including help from friends, family and the community to ensure that they maintain their own health, and their ability to be a functioning caregiver.

Reaction response12 Essay Example | Topics and Well Written Essays - 250 words

Reaction response12 - Essay Example Video chats offer the opportunity for persons to evaluate sincerity of individuals by evaluating their behavior. However, the major challenge of the online interaction is the inability to understand individuals extensively. Online environment offers a platform for mischief and lies because the interaction is minimal and evaluation of the truthfulness of the information presented cannot be guaranteed in the process. In fact, online platform has opened the opportunity for fraud and mischief because of the ease of hiding the truth and presenting a different self-image (Beverly and Thomson 94). From the episode, the image presented online, and the actual self-image differed significantly. The challenge with the online platform is the challenge of verification of the information present. In the episode, the two men were forced to travel and meet the lady face to face in order to verify some of the information presented online. Consequently, security of the individuals in the online platform may be an issue of concern. Security and trust are issues affecting online interaction with fraud and privacy invasion in the contemporary society being exceedingly common. The episode highlights why security is vital in the online interaction

( individual Posters presentation ) for my project Speech or

( individual Posters ) for my project - Speech or Presentation Example Each poster must include: a. Customer Service and Demand Management The products of Al Ain mineral water organization is not without competition. Thus, to remain competitive in the market, Al Ain must also extend exceptional customer service in addition to the high quality and ready availability of their products. The demand side of the product is constant since water is an inelastic demand. It meant that the product that of Al Ain will always have a demand regardless of market condition because the market or its customers cannot live without water. It does not mean however that the company should be complacent in meeting this demand because if Al Ain fails to deliver its product, the competition will instead take its place and that would mean lost business for the company and will erode its market share. Demand management and customer service must come together to keep Al Ain relevant in the market. This means that Al Ain must have enough products to satisfy the customers while prov iding its customers with exceptional customer service to encourage loyalty to their brand. b. Inventory Management Al Ain mineral products must be readily available to the customers through its effective supply chain. It is not enough that the company has a good product but also has to ensure that their products reach the customer by keeping sufficient inventory to match the demand. But in doing so, it must not also overwhelm its inventory because large inventory will incur additional holding cost. In the case of Al Ain, they manage the number of inventory by matching the holding cost that will be incurred by stocking up with the ordering cost to determine the ideal quantity of their inventory. The ideal number of inventory must be enough to satisfy the anticipated demand without keeping too many products in the inventory. By maintaining an effective inventory management, Al Ain also reduces other costs such as unnecessary transportation cost and holding cost. It is important to not e that the life cycle of Al Ain’s products is less than 6 weeks so the company places its reorder in the fifth week to avoid selling spoiled products to the customers. c. Sourcing and Supply Management Supply management includes those processes which involve manufacturing the product to delivering it in the market which in the case of Al Ain mineral products, procurement of the water from the mountains and the fruits for its Capri Sun fruit drink. The bottled mineral water product lines have a straightforward procurement system because they not have to deal with a third party vendor since water is a product and fruits are products of nature. These resources must be use at its optimum to create a product that will bring optimum profit to the organization. It could also add value in the process such as the inclusion of flavoured water and added fluoride and calcium water in its product line not just to offer variety to its customers but also to optimize the products that can be made with the available supply. The life cycle of these stocks is not more than 6 weeks (Shauter & Theillio, 2006). In the fifth week of the inventory cycle the organization used to place reorder in order to utilize the time of distribution. The reason why a reorder has to be made in the fifth week as part of supply management to ensure that there will be available products when customer needs it without overwhelming its inventory. As part of its supply management, Al A

The History of Ivory Trade Essay -- World History

The History of Ivory Trade Ivory’s appeal to the upper-classes as a symbol of affluence and its timeless style has lured people to the tusks since as far back as the ancient Egyptians around the year 3000BC. Since the Egyptians, every civilization with a significant upper class population has sought ivory and been willing to pay a premium price for it. The most expensive and most sought after was the ivory of East Africa where it was agreed that the ivory was, without a doubt, the best in the world. For a long time Asian ivory was used, because it was much easier to obtain, though the ivory was harder to shape, more likely to break, and less attractive. The Asian ivory came from tusks of elephants that were largely different from African elephants. For starters, they had a smaller build and differently shaped tusks. The African elephants had an average tusk size of about sixty pounds to the Asian elephant’s forty. The African elephants lived in the tropical jungles of Africa’s east coast, while the Asian elephant lived in a far different environment. As it happened, it was the African elephant that man desired but had a difficult time getting to Africa. Believing that the danger of a trip to Africa outweighed the potential profits of the voyage merchants and consumers settled for the lower quality ivory. With the advancement in sailing technology and the guarantee of turning a large profit ambitious traders ventured to East Africa to establish the ivory trade. In exchange for ivory, these merchants offered cloth, guns, tools, and other goods, but none matching the value placed on ivory in the varied cultures. With the ivory secured merchants turned to several different markets around the world to unload their ... ...ers Relating to Africa This resource was very helpful in providing facts and putting into perspective the magnitude of the ivory trade. Sheriff, Abdul. Slaves, Spices & Ivory in Zanzibar. London: James Currey Publishers, 1987. This book enabled me to understand the context and history of the ivory trade. Alpers, Edward. Ivory and Slaves. Los Angeles: University of California press, 1975. This book explained the basic history of the ivory trade. Bartleby Online. Bartleby Online: complete history of the world. 2 October 2002 http://www.bartleby.com/67/1528.html This source provides a very basic and concise overview of the ivory trade. All Africa. August 2002. History of Trade Between Addis, Arabia And the Horn of Africa. 1 October 2002 http://allafrica.com/stories/200208050830.html. This source provides a history of the eastern ivory trade.

Enron Bcci Case

IBCCI’s Misgivings: Four major frauds explained in the Price Waterhouse report. 1. According to the Sandstorm Report, some $633 million of losses related to treasury trading. 2. Price Waterhouse had been doing its job, there's no way that this $1 billion exposure [in BCCI's Central Treasury] which was taken to $11 billion exposure in the course of 3 or 4 months [in 1985] could have happened. 3. All of BCCI's serious treasury problems were related to the activities at Grand Cayman, which had taken place in a blatant and repetitive form over many years.BCCI was paying its auditors $5 million per year to conduct audits which each year took nearly five months. if properly done, these audits should have uncovered the problems and forced action long before April, 1990 4. In the case of BCCI, there can be no question that the auditing process failed to work. As the Bank of England stated in determining that BCCI be closed 5. Given the demonstrable failure of the auditing process, ser ious questions have been raised about how and why BCCI's outside auditors permitted BCCI to flourish as long as it did, despite fraud and other bad practices which went back many years. 6.The record offers both support for assessing blame on BCCI's auditors, and the suggestion that their work in the spring of 1991 was an essential component of the investigative process that ultimately forced BCCI's closure. 7. One view of the culpability of BCCI's accountants was expressed by BCCI's own chief financial officer, Masihur Rahman. Rahman testified that as BCCI's top financial official, he did not know of BCCI's frauds prior to the spring of 1990. He testified that has the bank's chief financial officer in London, he did not have access to any of the underlying loan information and related files at BCCI's various field offices.Rahman testified that he therefore relied on the work of the outside auditors, operating around the world at the local level, to review BCCI's records at its vario us offices and branches, and thereby ensure their truth and accuracy. 8. At the other extreme was the position taken by BCCI's principal auditor, Price Waterhouse (UK), that it was completely deceived by BCCI until the spring of 1990, and handled its responsibilities concerning BCCI without any fault whatsoever. 9.If Price Waterhouse had been doing its job, there's no way that this $1 billion exposure [in BCCI's Central Treasury] which was taken to $11 billion exposure in the course of 3 or 4 months [in 1985] could have happened, says CFO. 10. According to Rahman, Price Waterhouse (UK) had signed off on BCCI practices year after year without issuing any red flags, until suddenly, in April, 1990, it found massive deficiencies at the bank, in which, as Senator Kerry put it, â€Å"every red flag in the world was flying,† raising the question of how Price Waterhouse could have missed all of BCCI's bad practices previously. 1. Price Waterhouse should have known from their audit of Grand Cayman over many years that deposits of BCCI were being misused. The ‘fictitious' loan accounts were in most cases so obviously fictitious that the year after year audit of PW should have detected most, if not all. PW not only knew about accounts where some $600 million of the fraud had at BCCI had taken place. 12. BCCI was paying its auditors $5 million per year to conduct audits which each year took nearly five months.According to Rahman, if properly done, these audits should have uncovered the problems and forced action long before April, 1990. 13. In contrast, as Price Waterhouse expressed their position, BCCI had deceived them through colluding with shareholders and borrowers to create false documentation that mislead them. 14. The auditor's responsibility is to design and execute an audit so as to have reasonable expectation of detecting material misstatement in the financial statements whether due to fraud, irregularity, or error.However, common sense dictates, a nd it is accepted internationally, that even the best planned and executed audit will not necessarily discover a sophisticated fraud, especially one where there is collusion at the highest level of management and with third parties. Under such circumstances, it is reasonable to expect that it may take a number of annual audits before accumulating concerns change to suspicions and ultimately lead to the identification of fraud; in fact, this is what happened in audit of BCCI. 15.Price Waterhouse found that BCCI Treasury losses had been concealed and its profits manufactured through BCCI's failure to record deposits and other liabilities; the creation of fictitious loan accounts; the purchase and repurchase of BCCI's own shares through nominees with buy-back arrangements; and the collusion between BCCI and major customers in supplying false confirmations to the external auditors, among other techniques. 16. $346 million related to the illegal acquisition through nominees of several US banks were identified. 17.BCCI's initial strategy for the United States was to infiltrate the U. S. banking system through purchasing beachhead banks in major banking centers, and then to expand the beachhead operations until BCCI had U. S. banking operations of sufficient size that they could ultimately merge with BCCI itself. 18. State regulators in New York had proven resistant to BCCI, and BCCI had successfully acquired National Bank of Georgia and FGB/First American 19. BCCI expanded in the United States by opening BCCI branch offices in regions with significant populations from the Third World engaged in rans-national commercial activity, such as Miami, Houston, Los Angeles, San Francisco, New York, and Chicago. 20. BCCI's intention was to use these branch offices to feed depositors and banking activity to NBG and First American, expanding BCCI's activities through pushing deposits into the federal deposit insurance system. Abedi had decided that he would work systematically to integrate the various U. S. banks BCCI now secretly owned, until the survivor was strong enough and large enough to in turn purchase BCCI 21.BCCI’s accounts and balance sheets had been manipulated to cover-up a loan of $725 million to a Pakistan based shipping company. 22. The relationship with the Gulf Group began in 1972 when it placed very large deposits with BCCI in Luxembourg and London. There was little tangible evidence of other businesses until 1976 at which time the trade finance lines and shipping loans were opened by the Group. An amount of $1. 2bn was financed to the Abu Dhabi Company (Gulf Groups) owned by Abbas Gokal . Abbas along with his other brothers used amount of money as a lever obtain short-term funding and repayment of non-BCCI bank debt. 3. This exposure of huge sums gained the attentions of Bank of England in 1977 resulting in BCCI transferring accounts to Grand Cayman in 1978 when it became apparent that the Gulf Group faced financial difficulties . This was the time when account manipulation started which is why a ‘special duties’ was assigned the duties to oversee these accounts. This ‘special duties’ department was involved in fabricating information in respect of the ‘offshore accounts’. This included the creation of profiles of the beneficial owners, financial information, false instruction letters etc. 4. Management in collusion with Gulf used sophisticated methods of deception to conceal funds flows including: * Use of gulf ‘bank’ account which received funds and then redistributed them around a number of accounts * Transfer between Gulf locations in different parts of the world to create turnover and imply debt servicing, particularly just before year ends. * Conduit accounts at external banks, under the control of BCCI officers. * Funds transfer through BCP and nostro accounts at various BCCI branches. * Use of excessive interest and charges to provide profits 5. BC CI had used $500 million of its own resource to acquire 56% of its own shares through a series of complex transactions. The final losses may well be in excess of $4 billion and Abu Dhabi’s exposure to BCCI and related activities is estimated to be some $9. 4 billion A few other misdeeds have surfaced regarding; 26. Money Laundering From the time of BCCI's indictment on drug money laundering charges in Tampa, Florida in October, 1988, there was little doubt to anyone looking at the facts that BCCI had been used to launder drug money 27.Bribery The recipients of funding from BCCI may not have considered the payments to be â€Å"bribes,† but simply a mechanism by which BCCI obtained what it wanted from an official, and in return the official helped BCCI, such as BCCI's payments to two of the Gulf emirs in return for the use of their names as nominees for the purchase of First American 28. Support of Terrorism and Arms Trafficking BCCI's support of terrorism and arms traff icking developed out of several factors.First, as a principal financial institution for a number of Gulf sheikhdoms, with branches allover the world, it was a logical choice for terrorist organizations, who received payment at BCCI-London and other branches directly from Gulf-state patrons, and then transferred those funds wherever they wished without apparent scrutiny. Secondly, BCCI's flexibility regarding the falsification of documentation was helpful for such activities ENRON 29. Houston Natural Gas Corporation and Internorth Inc. merged in 1985 to form Enron Corporation.Since its conception, Enron has distinguished itself as an innovative, prominent leader in the natural gas market. Enron, headquartered in Houston, was the largest trader of natural gas and electricity in North America. Enron also market and traded other commodities, including water, paper, coal, chemicals, and fiber-optic bandwidth. The success of Enron’s aggressive strategies is demonstrated by the rise in its stock price from a split-adjusted $3. 20 per share in 1985 to $80. 63 per share on November 20, 2000. In this same period, revenues increased from $10. 3 billion to $40. 1 billion and net income improved from a loss of $54. million to $919. 0 million. 30. As a result of its ability to discover new business opportunities, transform traditional industries, and enter new ones, Fortune magazine named Enron â€Å"Most Innovative Company† for an unprecedented sixth consecutive year in 2001. 31. Enron’s focus on innovation has been demonstrated throughout its history. As a newly formed company in the mid-1980’s, Enron pioneered the trading of natural gas when natural gas markets were deregulated. When Enron entered the electricity market in 1993, it revolutionized the industry by facilitating a market to trade electricity.Enron was also among the first energy companies to expand beyond traditional energy markets by entering the telecommunications industry. Enro n even entered the e-commerce sector by partnering with leading high-tech companies to form Enron Online, a business-to-business website that facilitates the trading of commodities. 32. Enron’s events timeline: * 1985 — Houston Natural Gas merges with InterNorth to form Enron, HNG CEOKenneth Lay  becomes CEO of combined company the following year * 1989 — Enron begins trading natural gas commodities 1990 — Lay hires  Jeffrey Skilling  to lead the company's effort to focus on commodities trading in the deregulated markets. Andrew Fastow  is one of Skilling's first hires later that year. * June 1990 Jeff Skilling, who has been a consultant for McKinsey & Co. , joins Enron * June 11, 1991 Enron asks the Security Exchange Commission (SEC) to approve mark-to-market accounting. * Jan. 30, 1992 SEC approves mark-to-market accounting for Enron * November 1996 Richard Kinder, COO of Enron, doesn’t get CEO job, so he leaves. * December 10, 1996 Enron announces that Jeff Skilling is taking over as COO. June 28, 1999 Enron’s Board of Directors exempts CFO Andy Fastow from the company’s code of ethics so that he can run a private equity fund—LJM1—that will raise money for and do deals with Enron. The LJM Funds become one of the key tools for Enron to manage its balance sheet and make investors think that it is performing better than it is. * October 12, 1999 Enron board exempts Fastow from Enron’s code of ethics so that he can raise money for LJM2 * August 23, 2000 Stock hits all-time high of 90 dollars. Market valuation of 70 billion dollars.FERC (the Federal Energy Regulatory Commission) orders an investigation into strategies designed to drive electricity prices up in California * December 13, 2000 Enron announces that President and COO Jeffrey Skilling will take over as chief executive in February. Kenneth Lay will remain as chairman. * Late 2000 Enron uses â€Å"aggressive† accounting to declare 53 million dollars in earnings for broadband on a collapsing deal that hadn’t earned a penny in profit. * August 14, 2001 Skilling’s resignation announcement. In evening, analyst and investor conference call.Skilling: â€Å"The company is in great shape†¦Ã¢â‚¬  Lay: â€Å"Company is in the strongest shape that it’s ever been in. † Lay is named CEO 33. What went wrong- Corporate governance : The purpose of Corporate governance is to act as a ‘gatekeeper’. ENRON lacked proper surveillance on the part of its Board of Directors, Auditors and Investors. 34. Inappropriate Tools: * Mark to market: As a public company, Enron was subject to external sources of governance including market pressures, oversight by government regulators, and oversight by private entities including auditors, equity analysts, and credit rating agencies.This method requires that once a long-term contract was signed, the amount of which the asset theoretica lly will sell on the future market is reported on the current financial statement. In order to keep appeasing the investors to create a consistent profiting situation in the company, Enron traders were pressured to forecast high future cash flows and low discount rate on the long-term contract with Enron. The difference between the calculated net present value and the originally paid value was regarded as the profit of Enron. In fact, the net present value reported by Enron might not happen during the future years of the long-term contract.An overly optimistic projection was set forth. * SPE—Special Purpose Entity: Accounting rule allow a company to exclude a SPE from its own financial statements if an independent party has control of the SPE, and if this independent party owns at least 3 percent of the SPE. Enron needed to find a way to hide the debt since high debt levels would lower the investment grade and trigger banks to recall money. Using the Enron’s stock as c ollateral, the SPE, which was headed by the CFO, Fastow, borrowed large sums of money. And this money was used to balance Enron’s overvalued contracts.Thus, the SPE enabled Enron to convert loans and assets burdened with debt obligations into income. In addition, the taking over by the SPE made Enron transfer more stock to SPE. However, the debt and assets purchased by the SPE, which was actually burdened with large amount of debts, were not reported on Enron’s financial report. The shareholders were then misled that debt was not increasing and the revenue was even increasing. 35. Fiduciary failure: The BOD was unable to live up to their fiduciary responsibilities. By having no proper check on the conflict of interest. 36. Conflict of Interest: Enron hired and paid its own auditors.That was a conflict of interest built into the legal system because the auditor had an incentive not to issue an unfavorable report on the company that is paying him or her. The Board allowe d conflicts of interests with the partnerships it held, and did not keep a proper oversight of the partnerships. There was also a basic lack of communication on the part of the Board to review the related party transactions. SPE’s served as a major conflict of interest. E. g. the committee failed to recognize clear elements that indicated the downfall, such as Anderson communicating that Enron was ‘pushing the limits’ since 1999.Also, 3000 Special entities, out of which 800 were organized in tax havens. 37. High Risk Accounting: Enron’s Audits committee failed not only to guarantee the independence of the External Auditorsbut also to maintain proper accounting practices in accordance with the interest of the shareholders. It furthermore, approved transactions that were entirely designed to cover up the debts and over-stated revenues, instead of focusing on the economic outputs. Corporate Culture: Utter lack of Interest, specifically by the Board of Directo rs, on off-the-book financials. They had a general culture of being defensive.They would rather cover up their own failures, than acknowledge it. Jeffery Skilling is reported to have said, â€Å"I've never not been successful at business or work†¦ ever! †Furthermore, the corporate culture did not allow open dissent. The Board was also inadequately informed; hence their decision making was clouded, and obsolete. 38. Extensive Compensation to the Executives: The Company paid millions of dollars in deferred salaries and bonuses to midlevel and high-level executives still working in late November, just before the Dec. 2 bankruptcy filing, which forced the company to suspend all such payments.But a number of employees who had retired or recently left the company were denied similar payments. 39. Lack of Independence: Financial ties between the Board of Director and Enron and also financial ties between the external auditors and Enron. The Board was also relying too much on th eir auditors. They were not entirely independent, which led to variation in their process of information disclosure. They clearly shred information. 40. Transparency: The management was not transparent and truthful about the position of the company. They had a general culture of being ‘the best’ at everything, hence, they denied exposing their failures.Enron did not live up to their duty of full disclosure and good faith. The Board did not communicate effectively with its auditors from Arthur Andersen. The idea that Enron’s employed accounting techniques were â€Å"aggressive†, wasn’t conversed clearly enough. E. g. When the CEO disclosed to the employees that the stock price was to rise, there is whatsoever no evidence of him disclosing that he was selling stock as well. Only the investigation surrounding Enron’s bankruptcy enabled shareholders to learn of the CEO stock sell-off before February 14, 2002 which is when the sell-off would other wise have been disclosed.

Accounting for Operational Activities Illustrative...

CHAPTER FIVE: COST ESTIMATION Introduction When managers make decisions they need to compare the costs (and benefits) among alternative actions. In this chapter, we discuss how to estimate the costs required for decision making (Lanen, 2008). Learning Objectives: According to Lanen (2008), after completing Chapter 5 you should: 1. Understand the reasons for estimating fixed and variable costs. 2. Estimate costs using engineering estimates. 3. Estimate costs using account analysis. 4. Estimate costs using statistical analysis. 5. Interpret the results of regression output. 6. Identify potential problems with regression data. 7. Evaluate the advantages and disadvantages of alternative cost estimates.†¦show more content†¦| | Disadvantages of engineering estimates 1. Can be quite expensive to use. Learning Objective Three: Estimate costs using account analysis. Account Analysis Estimating costs using account analysis involves a review of each account making up the total costs being analyzed and identifying each cost as either fixed or variable, depending on the relation between the cost and some activity. Account analysis relies heavily on personal judgment. This method is often based on last period’s cost along and is subject to managers focusing on specific issues of the previous period even though these might be unusual and infrequent(Lanen, 2008) . Example: Account Analysis (Exhibit 5.1) |3C Cost Estimation Using Account Analysis | |Costs for 360 Repair Hours |Show MoreRelatedFundamental Financial Accounting Concepts13807 Words   |  56 PagesEighth Edition Fundamental Financial Accounting Concepts Thomas P. Edmonds University of Alabama–Birmingham Frances M. McNair Mississippi State University Philip R. Olds Virginia Commonwealth University Edward E. 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