The Day I Left Vietnam Essays - DraftCarson Hill, DraftZoro 4 Eva

The Day I Left Vietnam annon KienCuong Nguyen I despite everything recall that day; it was July 4, 1994. My family including my folks, my three more youthful sisters, and I were going to leave Vietnam to go to the United States. We had consent from the US government to approach the United States on the grounds that my dad used to work for the United States Army during the Vietnam war. I woke up around eight AM. After breakfast, I spruced up and strolled around to bid farewell to my neighborhood. A portion of my neighbors wished me a decent life and superior training, some disclosed to me stay in contact with them. At that point I returned to my home. It was brimming with family members and companions. They stayed with us once and for all and some of them would go with us to the air terminal. My better half was inside; she was hanging tight for me. I met her one year back and we became hopelessly enamored following a half year. At the point when she knew I would leave, she cried a ton. I took her to the gallery where we had our protection. We plunked down and afterward she quietly cried on my shoulders. I realized she cherished me without question and would not like to release me. She took a gander at me with tears and asked, Will you return? I don't recollect how frequently she posed me this inquiry. What's more, I generally answered with the answer, Yes, I will. I advised her, After I finish school in America, I will return. At that point we went out to eat at a eatery close to my home. At the point when we returned, everyone was prepared to leave since my Dad needed to arrive from the get-go in the event that we needed to do some desk work. The greater part of individuals took a transport with my folks and my sisters; some needed to leave since they needed to deal with their organizations. The air terminal was close my home so I chose to take a bike ride with my better half. We got to the air terminal about 2:30 p.m. There were such huge numbers of individuals, some of them were our family some were companions and family members of different families who had a similar trip with my family. I began to bid farewell to my uncle, my auntie, my cousins, and my companions. I had four dear companions who had been with me from basic to school. We took a few pictures and embraced each other the last time. The time had come to get into the plane. My Dad called me. Rush, child. I immediately gave my better half the last kiss, at that point ran into the checking room without turning around. At that point I understood my eyes were brimming with tears. I would not like to let anyone see me crying so I rapidly cleaned my face. The plane took off fifteen minutes after the fact. From the plane I looked down to see the land the last time. All the recollections went to my mind and indeed my eye was brimming with tears. At the point when I ventured down to the Atlanta air terminal, I understood that I truly left my heart.

Auditing Misstatement on Auditors

Question: Depict about the Auditing for Misstatement on Auditors. Answer: Presentation Inspecting is an assessment of books of records, administrative records, records and vouchers for business associations to find out the valid and decency in introduction of the budget summaries (Caplan and Dutta 2016). Inspectors are required to design the methods to lead reviewing for the customer organization that includes the few variables. Review hazard is a danger that a reviewer faces while giving an inadequate review report to the customers because of the confinements or disappointment in recognizing material misquotes because of extortion or mistake (Zhang, Yang and Appelbaum 2015). Conversation (a) Factors that expansion the review chance There are sure factors in an association that expansion the review hazard to shape an unfit assessment by the evaluators. In the given case, there are sure factors in the monetary report of Forest Ltd. that expansion the review hazard in following things. (I) Accounts Payable First factor in quite a while payable of Forest Ltd. that expansion the review hazard is changes in arrangement of recording and perceiving creditor liabilities in a coordinated bundle framework that made contrast in learning the parities. Because of the adjustment in framework, the sums in record accounts revealed contrasts in money US$ and AUD$ bringing about unveiling mistaken adjusts. Contrasts in emerging the incentive in two distinctive cash brings about erroneous money owed to changes in return rates accordingly, it is hard for evaluator to assemble right data of the record balance (Mazza and Azzali 2015). Second factor in creditor liabilities that expansion the review hazard is resetting the credit adjusts toward the start of consistently in an inaccurate way. This blunder of perceiving the underlying adjusts of credit accounts required the historical backdrop of the banks to be returned physically, which is tedious just as odds of mistakes in manual chronicle increments. This factor builds the danger of evaluating on the grounds that the inspector may not locate the fundamental and material proof to check the reasonableness of the adjustments in exchanges recorded (Koblen, and Lestynszka kã… Â ¯rkov 2015). (ii) Commitments and Contingencies First factor that expansion the review hazard if there should arise an occurrence of duties and possibilities is finished and exact exposure of unexpected things and their qualities as comparable with the responsibilities made by Forest Ltd. Since in the given case, it has been found by one the companys clients that the most recent clump of the items woodchips was defiled with a substance that influences the structure of the item. Consequently, it is hard for the evaluators to look at the real thinking and equalization of the record to produce valid and reasonable view (Bhattacharjee, Maletta and Moreno 2015). Another factor that effects and builds the review hazard is recognizable proof of past due equalization on part of the Forest Ltds client, Wood Ltd. that was not paid since five months. Subsequently, it is hard for the examiner to dissect and look at the rightness of the past due exchange in the books of records and revelation made in the budget reports. (iii) Inventory If there should arise an occurrence of stock in the fiscal summaries of Forest Ltd., one of the components that expansion the review hazard is the method of perceiving the equalization of stock. Since, the organization has changed its bookkeeping framework to coordinated bundle the measure of equalization may be perceived in wrong way. In this way, the reviewer may not ready to accumulate right and exact estimation of the inventories to give feeling on evident and reasonable perspective on the companys fiscal summaries (Chiang, Lin and He 2015). The second factor of stock that expands the review chance is misquotes in perceiving the equalization sum in the fiscal reports. Because of the distinction in ascertainment of measure of stock, the parity of money related situation of Forest Ltd. probably won't be exact (Chen et al. 2015). Subsequently, the inspector needs to confront the hazard in shaping sentiment in inadequate review report because of the need acquiring legitimate proof for examining. (iv) Receivables Bookkeeping of receivables relies upon a few factors that an evaluator needs to consider while acquiring the conclusion on fiscal summaries. In the given case, the bookkeeping arrangement of receivables has been changed that influenced the offset as for the adjustments in money group. Thus, the measure of remote trade vacillations influences the benefit and loss of the organization and increment the review hazard (Petherbridge and Messier 2016). Another factor that impacts the review hazard is resetting the underlying parity of the indebted individuals at zero worth that produces an inaccurate shutting equalization of the records receivables. Along these lines, it is a significant review hazard to demonstrate the decency and straightforwardness of the fiscal summary of Forest Ltd. Organization. (b) Adjustment to be made in review arrangement because of the review chance in each of above elements. (I) Accounts Payable If there should arise an occurrence of first factor, the alteration can be made by leading inspecting test for the records payables came about because of the adjustment in arrangement of bookkeeping. Inspecting test can be directed either on irregular premise or by choosing exchanges with enormous qualities. Be that as it may, if there should arise an occurrence of second factor, the review work might be led by checking the record recorded physically for the resting introductory adjusts at zero worth. (ii) Commitments and Contingencies If there should arise an occurrence of first factor with respect to revelation of unforeseen liabilities, the procedure of review ought to include the ascertainment of legitimate confirmations from the administration and survey on expressed unexpected liabilities in the budget reports. In the subsequent factor, evaluating system ought to incorporate the assessment of past due parities particularly if there should be an occurrence of Wood Ltd, one of the shoppers of Forest Ltd. (iii) Inventory The review system if there should arise an occurrence of stock includes the assessment of methodology to find out the estimations of stock. Aside from that, the review plan likewise incorporates the assessment and check of registers and record represents right valuation of stock. If there should be an occurrence of second factor, the equalization conveyed down in the record books for bookkeeping of stock is to be checked. This technique is to be directed to look at the nearness of error in the valuation and acknowledgment of stock. (iv) Receivables Reviewing process incorporates the check of record receivables concerning the acknowledgment of sums according to the cash trade and arrangements for trade change. This procedure will help in social occasion the confirmations for finding out the valid and reasonable perspective on the bookkeeping articulations of the Forest Ltd. In the event of second factor, the reset worth ought to be confirmed with the real receipts of the companys indebted individuals to create proper confirmations for the assessment of records receivables. (c) Factors that demonstrate Forest Ltd. may experience going concern issues throughout the following a year Going concern is a standard or supposition for a business association that it will keep on working in future and is one of the reasonable necessities of bookkeeping structures (Caplan and Dutta 2016). Then again, the evaluator of the association is dependable to survey and show the associations capacity to proceed as going concern. Be that as it may, there are no exact techniques to follow for discovering sentiment on going concern yet there are a few pointers to recognize the going concern issues (Omer, Sharp and Wang 2015). If there should be an occurrence of Forest Ltd., a few elements demonstrate the organization may encounter the issues on going worry throughout the following a year. First pointer of going concern issue is the chance of break in the business activity with the end goal of substitution belt that is utilized to move the woodchips of Forest Ltd. The substitution would roughly take a half year and further four months for establishment and preliminary reason. In the event that a business activity stays hindered for significant stretch, at that point it is a genuine aim on its going concern capacity. The second factor that demonstrates the going concern issue in Forest Ltd. Organization is danger of securing expanded level of timber sourced from state timberlands because of which the creation procedure have been eased back down. Also, there was a postponement in conveyance of woodchips to the Japanese clients, which they forced remuneration and deducted 20% of the sums payable. This is a difficult issue that the organization may experience an issue in going concern. The third factor that influences the going worry of the organization is recording a charge by a dissident against the organization as he endured a wrecked leg because of hit by the item truck. This demonstration influenced the offer of companys items and it may make an issue on the going worry of the organization. Fourth factor that demonstrates the Forest Ltd. Organization may experience the going concern issue is a case gotten from one of the companys customers. The charge made by the client, Wood Ltd was that the item conveyed to it was sullied with organism, which influences the structure of woodchips. Another basic factor that showed the issue on companys going concern is change in bookkeeping framework to completely coordinated bundle because of which the organization experienced mistaken credit adjusts. Aside from that, the organization likewise confronted contrasts in mistaken adjusts of its loan bosses for the underlying time frame. In conclusion, the debasement in the cash trade between Australian dollar and Japanese Yen by 3% just as the downgrading in the economy of Japan by 15% is a fundamental factor. It is a marker of issue in going worry for the organization in light of the fact that the arrangement for cheapening in the event that not made, at that point the organization may experience gigantic misfortunes because of cash vacillations. End It very well may be presumed that the instance of Forest Ltd. gives review chance on

Why You Shouldnt Take Venture Capital Money When You Dont Need It

Why You Shouldn’t Take Venture Capital Money When You Don’t Need It Not enough money when needed â€" but aplenty available when you are not seeking…that is the way the venture capital market works!It is ironic really â€" investors are not all too keen on investing in your business in the initial stages when you actually need money to get established and grow. But once you take off and have proven yourself as a successful business venture, they are ready to battle with other investors to give you venture capital money for your business, money that you may not necessarily be in need of at that particular point in time.Venture capitalists like to cover their risks and therefore, they feel safer investing in your business when it is running along nicely. They may not have given you money for product development but if the new product you have launched has taken over the market and is getting a good response, venture capitalists would like to have a part in your success by giving you money for further investment. However, the question you need to ask yo urself is “do you need VC money or not?” © Shutterstock.com | SIHASAKPRACHUMIn this article, you will learn about 1) the advantages of taking venture capital money, 2) the 9 reasons why you shouldnt take VC money when you dont need it, and 3) how to politely decline an investment offer from an investor.ADVANTAGES OF TAKING VENTURE CAPITAL MONEYOut of all the different funding options available to you, venture capital is a safe choice. There are a number of benefits associated with venture capital money. To begin with, it fuels your business. You may have a great idea but no money to translate the idea into a viable business. Venture capitalists give you the money to move ahead and materialize your business idea.If you are already in business, you can use the venture capital for growth and development. You can expand your product line or grow your reach by expanding your target market and entering new markets.Your existing revenue may be getting consumed in maintaining your business operations; venture capital provides you spare funds for enhancements. Venture capital can help you improve your business processes and give you funds for automation and technological development.One of the most enticing features of venture capital is that since it is equity and not a loan, you will not have to worry about repaying it. With venture capital, you get access to money for doing business without having to fulfill loan application formalities and without having to worry about following a repayment schedule. You are spared from paying off exorbitant interest rates and meeting the terms and conditions of a loan.Venture capitalists get to participate in your business operations and contribute towards decision-making. They are experts at analyzing business opportunities and therefore can give you useful insight that can be beneficial for your business’s future. Quite a lot of them are good business managers as well. So you get to have an extra pair of hands to help you manage your business operations.Venture capit alists have a vested interest in your business’s success and therefore they can give you access to their contacts. This will give you a chance to enhance your business network and get connected with professionals who can share their experiences and give you valuable business advice. Venture capitalists can also get you in touch with specialists and consultants whose expertise can be fruitful for you. For example, an HR consultant can help you with hiring competent staff for your business.Interested in a quick introduction to what Venture Capital is all about? Read this slides.[slideshare id=3188792doc=insiteventurecapital101-100215190248-phpapp02w=640h=330]REASONS WHY YOU SHOULDN’T TAKE MONEY WHEN YOU DON’T NEED ITWho doesn’t want money? When the money is there â€" you should take it, right? Sounds awkward that you should say no to an investor? But should you always welcome investment even if you don’t need it?With venture capital, you should proceed with caution. Just as everything else does, venture capital also has a downside to it; which is why there are sound reasons why you shouldn’t take money when you don’t necessarily need it.#1: Investors Become PartnersVenture capital money is equity; thus, venture capital allows investors to become partners in your business. You are literally giving a part of your business to the investor in return for their money. This means they get a share in your business decisions and most importantly, in your business’s success.So if you are making profit, you won’t get to keep the entire profit to yourself, you will have to share a percentage of it with your investors. This percentage will depend upon the percentage of equity share of the investor. The more investors or venture capitalists you have, the greater chunk of your profit will go to them.You Lose your Freedom to ChangeIf you want to exit from a particular market or withdraw a particular product from your product line, you cannot just take the deci sion in isolation and implement it.Since the investors are owners as well, for any bigger change you want to bring in your business, you would have to consult with the venture capitalists. You need to get their consent before implementing any changes. Therefore, you lose your freedom to change.You Divide your Decision Making Authority Make the Decision Making Process potentially LongerWhen you were the sole owner of your business, you had the complete decision making authority with yourself. But now you would have to consult your venture capitalists while making decisions. This can sometimes elongate the decision making process. The more venture capitalists involved, the more time it may take to reach a unanimous decision.Learn everything about going from your business idea to IPO and the startup funding process.#2: The Venture Capitalists May Not Have the ExpertiseSome investors are more involved and are willing to help you with your business; the rest aren’t as involved and not interested in interfering in your business operations. Then there are some who are unable to help you because they don’t have the expertise. They may be from a different field or background and therefore, not have much knowledge regarding the kind of market you are working in.Such venture capitalists get to have a share in your business’s success without contributing anything towards it (apart from their money of course).#3: The Venture Capitalists’ Expectations May be Too HighSince venture capitalists want to get the most out of their investments, their expectations may be too high, always keeping you under pressure.They may expect decisions and changes to bring results too quickly and get dissatisfied with a change if it doesn’t bring results as per their expectations. They may expect new product development to happen in unrealistically short times or demand you to deliver the final product much sooner than your process allows you to. They may have unrealistic expectation s concerning the number of hours you put-in in a day or your availability during holidays and weekends.#4: Investors Gain a Say in How You Are Running your BusinessWhen investors fund your business, they gain an influence over your business’s management. Some investors may not like to interfere in your day-to-day operations and short-term management decision; whereas others like to be involved in all the day-to-day matters of your business.Your way of running the business may differ from theirs but the thought of losing venture capital may force you to compromise and run your business the way investors want you to.#5: Investors Will Always Ask for Progress ReportsIn order to safeguard your investments, you will have to continuously prove your worth. Investors like to keep tabs on their investments and anticipate profits; therefore, they will keep bothering you with inquiries about how things are going and what results your business is achieving. You will have to collect and presen t data and numbers so investors are aware about how your business is progressing. They will continuously demand progress reports from you on a regular basis so they know that their investment is safe and earning a high return.#6: Investors may De-Track you (Due to Different Company Strategy Expectations)You may want to focus on a new target market you have recently identified for yourself but the investors may keep you busy in preparing a presentation for the next investors’ meeting. You may want to improve customer services but the investors may want you to explore the option of revamping your business’s website.What is important for you may not be as important to your investors; their priority list may differ from yours, de-tracking you from what you want to do. Other situations concerning investors may also become a source of distraction for you. Rather than working on your strategy, you may have to spend your time and effort in trying to contact the investors so they are ava ilable for meetings at the decided time.#7: Self-Reliance is the Best Kind of RelianceIf you set-up, grow and run your business with your own money, you own the entire business. You are your own boss, answerable to no one but you. Being the sole proprietor makes you depend on yourself. No one can match the level of commitment and passion you have for your business and therefore, it is best to rely on yourself for financing the business as compared to availing any other option â€" including venture capital.Things may not always run smoothly and when your business is faced with a tough time, the investors may not be very helpful (but they would still be expecting you to deliver results). Therefore, relying on self is the best kind of reliance.#8: It May Become Difficult to Take all Investors On-BoardWhile making decisions, short-term and long-term, conflicts may arise between the different investors. They may put you in a difficult situation and it may become hard for you to resolve t hese conflicts peacefully. These conflicts can arise due to different reasons including varying backgrounds, experiences and expertise of the investors as well as differences in their interests (one may want to expand customer base while other may want to focus on improving retention rate of existing customers).#9: Getting Venture Capital Money is Associated with High Legal CostsSince high stakes are involved, a venture capital deal has to go through rigorous legal and accounting formalities. Both parties need to go over the terms and agreements of the deal over and over again.For this, you would need to hire a legal expert or a professional accountant â€" who charge heftily for their services. So ultimately, the venture capital deal costs you a lot in terms of paying accounting and legal consultant fees.HOW TO POLITELY SAY ‘NO’ TO AN INVESTOREven though you may not need the money at the particular point in time, you could need it at some point in time in the future. You don’t want to blatantly say no to investors and offend them because you might need to ask for investments later on. Here are a few ways of politely saying no to them right now but keeping doors open for future:Ask them to Reschedule their MeetingMake an excuse of being busy with some unavoidable commitment. This way you indirectly communicate to them that meeting with them isn’t a high priority for you since you aren’t looking for investors. So you aren’t actually saying ‘no’ while at the same time letting them know that they aren’t urgently needed by your business.Explain your Priorities to ThemYou can let them know that you are not looking to grow right now and that your strategy is to strengthen your existing customer base. You can tell them that you have not reached your economies of scale yet.Ask them about their Other Investment InterestsAsk them about the other companies they are considering investing in, and subtly reflect that the other options are good options. Give them strong reasons as to why they should move ahead with another company, but don’t be too pushy. This can give them an idea that you aren’t interested in their investment proposal.Communicate Openly HonestlyBe honest with the investors and let them know that currently you are not looking for investment for your business. Your genuine attitude will enable them to take the offer rejection positively and also keep the doors of investment open for you.Tell them you Need Time to Think/Analyze Their OfferListen to the investment offer and ask them to give you time for looking deeper into the terms and conditions of the agreement. This way you can buy some time and then politely say no rather than saying no to them upfront. This way the investors feel that at-least you gave a chance to their offer and that you spent time in considering it.Set your Own TermsInvestors like to set-up investment terms that put them in an advantageous position; rather than saying no, put forward your ow n terms and conditions. Chances are that the investors will back-off from the offer themselves.CONCLUSIONThe business world is full of risks. Whether you accept a venture capitalist’s offer or reject it, think twice and then once more. You should have solid reasons for your decision and your focus should be on the long-term effects.If you have worked out the long-term goals for yourself, you will have a clearer picture of the future of your business. If you feel that in future, your growth and expansion plans will require you to seek venture capital, then evaluating and accepting a few of the current offers may be the right decision for you.If you do not foresee the need for money in the long-term even, then giving ownership of your business in return for investment money may not be a smart decision.Support your decision to accept or reject investments with logically strong reasons; if you decide to move ahead with venture capital funding then try to get investors that share the s ame business interests/background as yours and those that bring more to the business than just money.

Why You Shouldnt Take Venture Capital Money When You Dont Need It

Why You Shouldn’t Take Venture Capital Money When You Don’t Need It Not enough money when needed â€" but aplenty available when you are not seeking…that is the way the venture capital market works!It is ironic really â€" investors are not all too keen on investing in your business in the initial stages when you actually need money to get established and grow. But once you take off and have proven yourself as a successful business venture, they are ready to battle with other investors to give you venture capital money for your business, money that you may not necessarily be in need of at that particular point in time.Venture capitalists like to cover their risks and therefore, they feel safer investing in your business when it is running along nicely. They may not have given you money for product development but if the new product you have launched has taken over the market and is getting a good response, venture capitalists would like to have a part in your success by giving you money for further investment. However, the question you need to ask yo urself is “do you need VC money or not?” © Shutterstock.com | SIHASAKPRACHUMIn this article, you will learn about 1) the advantages of taking venture capital money, 2) the 9 reasons why you shouldnt take VC money when you dont need it, and 3) how to politely decline an investment offer from an investor.ADVANTAGES OF TAKING VENTURE CAPITAL MONEYOut of all the different funding options available to you, venture capital is a safe choice. There are a number of benefits associated with venture capital money. To begin with, it fuels your business. You may have a great idea but no money to translate the idea into a viable business. Venture capitalists give you the money to move ahead and materialize your business idea.If you are already in business, you can use the venture capital for growth and development. You can expand your product line or grow your reach by expanding your target market and entering new markets.Your existing revenue may be getting consumed in maintaining your business operations; venture capital provides you spare funds for enhancements. Venture capital can help you improve your business processes and give you funds for automation and technological development.One of the most enticing features of venture capital is that since it is equity and not a loan, you will not have to worry about repaying it. With venture capital, you get access to money for doing business without having to fulfill loan application formalities and without having to worry about following a repayment schedule. You are spared from paying off exorbitant interest rates and meeting the terms and conditions of a loan.Venture capitalists get to participate in your business operations and contribute towards decision-making. They are experts at analyzing business opportunities and therefore can give you useful insight that can be beneficial for your business’s future. Quite a lot of them are good business managers as well. So you get to have an extra pair of hands to help you manage your business operations.Venture capit alists have a vested interest in your business’s success and therefore they can give you access to their contacts. This will give you a chance to enhance your business network and get connected with professionals who can share their experiences and give you valuable business advice. Venture capitalists can also get you in touch with specialists and consultants whose expertise can be fruitful for you. For example, an HR consultant can help you with hiring competent staff for your business.Interested in a quick introduction to what Venture Capital is all about? Read this slides.[slideshare id=3188792doc=insiteventurecapital101-100215190248-phpapp02w=640h=330]REASONS WHY YOU SHOULDN’T TAKE MONEY WHEN YOU DON’T NEED ITWho doesn’t want money? When the money is there â€" you should take it, right? Sounds awkward that you should say no to an investor? But should you always welcome investment even if you don’t need it?With venture capital, you should proceed with caution. Just as everything else does, venture capital also has a downside to it; which is why there are sound reasons why you shouldn’t take money when you don’t necessarily need it.#1: Investors Become PartnersVenture capital money is equity; thus, venture capital allows investors to become partners in your business. You are literally giving a part of your business to the investor in return for their money. This means they get a share in your business decisions and most importantly, in your business’s success.So if you are making profit, you won’t get to keep the entire profit to yourself, you will have to share a percentage of it with your investors. This percentage will depend upon the percentage of equity share of the investor. The more investors or venture capitalists you have, the greater chunk of your profit will go to them.You Lose your Freedom to ChangeIf you want to exit from a particular market or withdraw a particular product from your product line, you cannot just take the deci sion in isolation and implement it.Since the investors are owners as well, for any bigger change you want to bring in your business, you would have to consult with the venture capitalists. You need to get their consent before implementing any changes. Therefore, you lose your freedom to change.You Divide your Decision Making Authority Make the Decision Making Process potentially LongerWhen you were the sole owner of your business, you had the complete decision making authority with yourself. But now you would have to consult your venture capitalists while making decisions. This can sometimes elongate the decision making process. The more venture capitalists involved, the more time it may take to reach a unanimous decision.Learn everything about going from your business idea to IPO and the startup funding process.#2: The Venture Capitalists May Not Have the ExpertiseSome investors are more involved and are willing to help you with your business; the rest aren’t as involved and not interested in interfering in your business operations. Then there are some who are unable to help you because they don’t have the expertise. They may be from a different field or background and therefore, not have much knowledge regarding the kind of market you are working in.Such venture capitalists get to have a share in your business’s success without contributing anything towards it (apart from their money of course).#3: The Venture Capitalists’ Expectations May be Too HighSince venture capitalists want to get the most out of their investments, their expectations may be too high, always keeping you under pressure.They may expect decisions and changes to bring results too quickly and get dissatisfied with a change if it doesn’t bring results as per their expectations. They may expect new product development to happen in unrealistically short times or demand you to deliver the final product much sooner than your process allows you to. They may have unrealistic expectation s concerning the number of hours you put-in in a day or your availability during holidays and weekends.#4: Investors Gain a Say in How You Are Running your BusinessWhen investors fund your business, they gain an influence over your business’s management. Some investors may not like to interfere in your day-to-day operations and short-term management decision; whereas others like to be involved in all the day-to-day matters of your business.Your way of running the business may differ from theirs but the thought of losing venture capital may force you to compromise and run your business the way investors want you to.#5: Investors Will Always Ask for Progress ReportsIn order to safeguard your investments, you will have to continuously prove your worth. Investors like to keep tabs on their investments and anticipate profits; therefore, they will keep bothering you with inquiries about how things are going and what results your business is achieving. You will have to collect and presen t data and numbers so investors are aware about how your business is progressing. They will continuously demand progress reports from you on a regular basis so they know that their investment is safe and earning a high return.#6: Investors may De-Track you (Due to Different Company Strategy Expectations)You may want to focus on a new target market you have recently identified for yourself but the investors may keep you busy in preparing a presentation for the next investors’ meeting. You may want to improve customer services but the investors may want you to explore the option of revamping your business’s website.What is important for you may not be as important to your investors; their priority list may differ from yours, de-tracking you from what you want to do. Other situations concerning investors may also become a source of distraction for you. Rather than working on your strategy, you may have to spend your time and effort in trying to contact the investors so they are ava ilable for meetings at the decided time.#7: Self-Reliance is the Best Kind of RelianceIf you set-up, grow and run your business with your own money, you own the entire business. You are your own boss, answerable to no one but you. Being the sole proprietor makes you depend on yourself. No one can match the level of commitment and passion you have for your business and therefore, it is best to rely on yourself for financing the business as compared to availing any other option â€" including venture capital.Things may not always run smoothly and when your business is faced with a tough time, the investors may not be very helpful (but they would still be expecting you to deliver results). Therefore, relying on self is the best kind of reliance.#8: It May Become Difficult to Take all Investors On-BoardWhile making decisions, short-term and long-term, conflicts may arise between the different investors. They may put you in a difficult situation and it may become hard for you to resolve t hese conflicts peacefully. These conflicts can arise due to different reasons including varying backgrounds, experiences and expertise of the investors as well as differences in their interests (one may want to expand customer base while other may want to focus on improving retention rate of existing customers).#9: Getting Venture Capital Money is Associated with High Legal CostsSince high stakes are involved, a venture capital deal has to go through rigorous legal and accounting formalities. Both parties need to go over the terms and agreements of the deal over and over again.For this, you would need to hire a legal expert or a professional accountant â€" who charge heftily for their services. So ultimately, the venture capital deal costs you a lot in terms of paying accounting and legal consultant fees.HOW TO POLITELY SAY ‘NO’ TO AN INVESTOREven though you may not need the money at the particular point in time, you could need it at some point in time in the future. You don’t want to blatantly say no to investors and offend them because you might need to ask for investments later on. Here are a few ways of politely saying no to them right now but keeping doors open for future:Ask them to Reschedule their MeetingMake an excuse of being busy with some unavoidable commitment. This way you indirectly communicate to them that meeting with them isn’t a high priority for you since you aren’t looking for investors. So you aren’t actually saying ‘no’ while at the same time letting them know that they aren’t urgently needed by your business.Explain your Priorities to ThemYou can let them know that you are not looking to grow right now and that your strategy is to strengthen your existing customer base. You can tell them that you have not reached your economies of scale yet.Ask them about their Other Investment InterestsAsk them about the other companies they are considering investing in, and subtly reflect that the other options are good options. Give them strong reasons as to why they should move ahead with another company, but don’t be too pushy. This can give them an idea that you aren’t interested in their investment proposal.Communicate Openly HonestlyBe honest with the investors and let them know that currently you are not looking for investment for your business. Your genuine attitude will enable them to take the offer rejection positively and also keep the doors of investment open for you.Tell them you Need Time to Think/Analyze Their OfferListen to the investment offer and ask them to give you time for looking deeper into the terms and conditions of the agreement. This way you can buy some time and then politely say no rather than saying no to them upfront. This way the investors feel that at-least you gave a chance to their offer and that you spent time in considering it.Set your Own TermsInvestors like to set-up investment terms that put them in an advantageous position; rather than saying no, put forward your ow n terms and conditions. Chances are that the investors will back-off from the offer themselves.CONCLUSIONThe business world is full of risks. Whether you accept a venture capitalist’s offer or reject it, think twice and then once more. You should have solid reasons for your decision and your focus should be on the long-term effects.If you have worked out the long-term goals for yourself, you will have a clearer picture of the future of your business. If you feel that in future, your growth and expansion plans will require you to seek venture capital, then evaluating and accepting a few of the current offers may be the right decision for you.If you do not foresee the need for money in the long-term even, then giving ownership of your business in return for investment money may not be a smart decision.Support your decision to accept or reject investments with logically strong reasons; if you decide to move ahead with venture capital funding then try to get investors that share the s ame business interests/background as yours and those that bring more to the business than just money.

My Exchange Program to Tokyo, Japan - 827 Words

Something as small as a film or a book is all it takes to put an idea in a child’s head for the rest of their life. At a young age, I was filled with the desire to explore and learn about everything that was unfamiliar to me, particularly culture and society. My family was never wealthy enough to travel, so I had to educate myself and explore through other methods. I read books, watched movies, and played video games in many genres, from educational to science fiction and fantasy. Now that I am an adult, I have the option to explore and learn about the real world firsthand, and a study abroad program is the best way to do that. I am currently a student at the University of Memphis, and my interests in different cultures have influenced me to choose anthropology and Japanese as my majors. For the 2014-2015 academic year, I will be participating in an exchange program at J.F. Oberlin University in Tokyo, Japan. This program will help me gain knowledge of a culture very different from my own, and it will also bring me one step closer to becoming fluent in Japanese. Since it is an exchange program, I will pay my university’s tuition, making my trip much more affordable. This was a requirement in making my decision. J.F. Oberlin University offers a range of levels of Japanese language courses, and they teach many electives pertaining to Japanese society and history in English for exchange students. Having the option to take multiple courses specifically on Japanese culture wasShow MoreRelatedI Am An International Student945 Words   |  4 Pagescontext. My family has always been interested in travelling. Since I was five, we have been travelling to Japan, Vietnam, Philippines and China and explored different cultures. These experiences allowed me to have a particular interest in English and Japanese languages, which led me to study at a language specialist school in Korea, majoring in English and minoring in Japanese. This inspired me to consider using different languages as well as becoming a cultural bridge as a significant part of my futureRead MoreCapital Markets: Domestic and International Essays1965 Words   |  8 PagesCapital Markets: Domestic and International Capital markets involve two parties in the midst of a financial process. There are domestic markets (markets in the US) and there are foreign markets (international such as Japan and China) that investors put much faith in. The term capital market is the market for securities and where companies and governments raise long-term funds, usually longer than a year. The market itself includes the stock market and the bond market. The capital market alsoRead MoreThe Little Things3032 Words   |  13 Pagesworld can provide them. Well, I’ve had one such chance. I’ve been to a place, commonly know as the land of the rising sun, and yes it was an amazing episode of my life which I could never forget. It all began my sophomore year in high school. There was a summer exchange program in which I would be able to travel to my sister city in Chichibu, Japan. I was excited beyond all recognition. I went through all the motions of such an opportunity: writing essays, commissioning le tters of recommendation, andRead MoreMarketing Plan For Green Fresh Entry Plan3510 Words   |  15 Pages INTERNATIONAL MARKETING PLAN Meadow Fresh Entry Plan in Japan NAME: Sanjay Suthar Student ID: 140005901 Submitted to: MR. Arjan Van der Boon Content: 1. Executive Summary........................................... 1.1 Background of company 2. Opportunity....................................................... 3. Objectives......................................................... 4. Country Market Environment Analysis............... 4.1 Culture 4.2 Legal 5. CompetitiveRead MoreThe Potential Investment Of Sony Corporation1473 Words   |  6 Pages As I stated in my previous letter, I am writing you in regards to your potential investment in Sony Corporation. As a member of Marquise Consulting, I strive to give all potential investors a greater understanding of Stocks and how beneficial investing can be, if you invest in the right company. I make every effort to give you as much information about Sony Corporation and how it has remained an excellent company. However, I also want the information presented to you to be relevant so you are notRead MoreThe Graduation Standards From Cherry Creek School1293 Words   |  6 Pagesstudies. This will make foreign language(s) a mandatory class in order to graduate. As an aspiring educator and polyglot (I speak English, French, Japanese, and I have an advanced understanding of German and am learning Korean), I only wish to give my future students and all future students the best possible opportunities to excel and succeed in life. The 2015-2016 school year finds the United States ranked at 14th place on a global education scale, and South Korea currently holds the first placeRead MoreUniqlo Annual Report21563 Words   |  87 Pagesthe world. In another development, in January 2004 the FAST RETAILING Group made steady progress in its globalization program by taking an equity stake in the owner of the U.S. contemporary apparel brand Theory. world 2001 A message from the Chairman, President CEO Tadashi Yanai transformation Cutting a new pattern for greater growth Those of you who have read my letters over the years know how I feel about growth, and I’ll say it again, â€Å"A company is as well as dead without growthRead MoreStudent4268 Words   |  18 PagesP. Barnes My Personal Life General Idea about life: People throughout the world have different lifestyles. Living standard is so dramatically different from country to country. It means that the way of living is not really similar in comparison. Some people are living in a very poor situation while other people are living in a good situation or in a privileged family. About Author: To begin with, I would like to brief my personal biography. Sophyra Sokhan, my official name,Read MoreAdvertisement as a Cultural Product Values, Practises and Cultural Symbols Reproduced in the Japanese Commercials4727 Words   |  19 Pagessteps in Japan a foreign visitor might think the Japanese have adopted all the modern aspects of Western culture. The same feeling might occur if the visitor looks at the advertisement and commercials which often show faces, music and language that he is familiar with. A deeper look at the Japanese culture and Japanese values inside those commercials, though, may show you something completely different. 75 Identity, Diversity and Intercultural Dialogue Since the World War ii Japan continuouslyRead MoreCaso 07 Hatsune Miku Japanese Virtual Idol Ignites Global Value Co creation8417 Words   |  34 Pagesin August 2007, it released Hatsune Miku, a singing synthesizer application based on Yamaha’s second-generation speech synthesis engine Vocaloid 2. Users of the Hatsune Miku application could create songs by entering the melody and lyrics into the program, after which the songs would be â€Å"sung† by Miku, whose picture was featured on the software packaging. Originally targeting professional music producers, the release of Hatsune Miku set off an unexpected burst of creative activity by amateurs, who

Timeline of the Little Rock School Integration

In September 1927, Little Rock Senior High School opened. Costing more than 1.5 million to construct, the school opened for white students only. Two years later, the Paul Laurence Dunbar High School opened for African-American students. Its construction cost $400,000 with donations from the Rosenwald Foundation and Rockefeller General Education Fund. 1954 May 17: The U.S. Supreme Court finds that racial segregation in public schools is unconstitutional in the Brown v. Board of Education of Topeka.May 22: Despite many southern school boards resisting the Supreme Court’s ruling, the Little Rock School Board decides to cooperate with the Court’s decision.August 23: The Arkansas NAACP Legal Redress Committee is led by attorney Wiley Branton. With Branton at the helm, the NAACP petitions the school board for prompt integration of public schools. 1955 May 24: The Blossom Plan is adopted by the Little Rock School Board. The Blossom Plan calls for the gradual integration of public schools. Beginning of September 1957, the high school would become integrated followed by lower grades over the next six years.May 31: The initial Supreme Court ruling provided no guidance on how to desegregate public schools yet acknowledged the need for further discussions. In another unanimous ruling known as Brown II, local federal judges are given the responsibility of ensuring that public school authorities integrate â€Å"with all deliberate speed.† 1956 February 8: The NAACP lawsuit, Aaron v. Cooper is dismissed by Federal Judge John E. Miller. Miller argues that the Little Rock School Board acted in â€Å"utmost good faith† in establishing the Blossom Plan.April: The Eighth Circuit Court of Appeals upholds Miller’s dismissal yet made the Little Rock School Board’s Blossom Plan a court mandate.   1957 August 27: The Mother’s League of Central High School holds its first meeting. The organization advocates for continued segregation in public schools and files a motion for a temporary injunction against integration at Central High School.August 29: Chancellor Murray Reed approves the injunction arguing that the integration of Central High School could lead to violence. Federal Judge Ronald Davies, however, voids the injunction, ordering the Little Rock School Board to continue with its plans for desegregation.September: The local NAACP registers nine African-Americans students to attend Central High School. These students were chosen based on their academic achievement and attendance.September 2: Orval Faubus, then governor of Arkansas, announces through a televised speech that African-American students would not be allowed to enter Central High School. Faubus also orders the state’s National Guard to enforce his orders.September 3: The Mother’s League, Citizenà ¢â‚¬â„¢s Council, parents and students of Central High School hold a â€Å"sunrise service.†September 20: Federal judge Ronald Davies orders the National Guard to be removed from Central High School arguing that Faubus has not used them to preserve law and order. Once the National Guard leaves, the Little Rock Police Department arrive.September 23, 1957: The Little Rock Nine are escorted inside of Central High School while a mob of more than 1000 white residents protest outside. The nine students are later removed by local police officials for their own safety. In a televised speech, Dwight Eisenhower orders federal troops to stabilize violence in Little Rock, calling the behavior of white residents â€Å"disgraceful.†September 24: An estimated 1200 members of the 101st Airborne Division arrive in Little Rock, placing the Arkansas National Guard under federal orders.September 25: Escorted by federal troops, the Little Rock Nine are escorted into Central High School for their first day of classes.September 1957 to May 1958: The Little Rock Nine attend classes at Central High School but are met with physical and verbal abuse by students and staff. One of the Little Rock Nine, Minnijean Brown, was suspended for the remainder of the school year after she reacted to consistent confrontations with white students. 1958 May 25: Ernest Green, a senior member of the Little Rock Nine, is the first African-American to graduate from Central High School.June 3: After identifying several disciplinary issues at Central High School, the school board requests a delay in the desegregation plan.June 21: Judge Harry Lemly approves the delay of integration until January 1961. Lemly argues that although African-American students have a constitutional right to attend integrated schools, the â€Å"time has not come for them to enjoy [that right].†September 12: The Supreme Court rules that Little Rock must continue to use its desegregation plan in place. High schools are ordered to open on September 15.September 15: Faubus orders four high schools in Little Rock to be closed at 8 am.September 16: The Women’s Emergency Committee to Open Our Schools (WEC) is established and builds support to open public schools in Little Rock.September 27: White residents of Little Rock vote 19, 470 to 7,561 in support of segregation. The public schools remain closed. This becomes known as the â€Å"Lost Year.† 1959 May 5: Members of the school board in support of segregation vote not to renew the contracts of more than 40 teachers and school administrators in support of integration.May 8: WEC and a group of local business owners establish Stop This Outrageous Purge (STOP). The organization begins soliciting voter signatures to oust the school board members in favor of segregation. In retaliation, segregationists form the Committee to Retain Our Segregated Schools (CROSS).May 25: In a close vote, STOP wins the election. As a result, three segregationists are voted off the school board and three moderate members are appointed.August 12: Little Rock public high schools reopen. Segregationists protest at the State Capitol and Governor Faubus encourages them not to give up the struggle to keep schools from integrating. As a result, the segregationists march to Central High School. An estimated 21 people are arrested after police and fire departments break up the mob.

The Correction Treatment Of The Progressive Era - 2742 Words

The correction treatment that characterizes the rehabilitative ideal emerged out of the Progressive Era (the early 1900s). This correctional mechanism made use of pre-sentence investigations, indeterminate sentencing, the invention of a non adversarial juvenile justice system, whose purpose was to â€Å"save† disobedient children, endorse probation, with its focus on presentence reports and offender supervision; and the growth of parole release, and the perception that interventions with offenders should alter their criminal propensities and make them productive, law-abiding citizens. Prison is a place where the criminal justice system put its entire hopes. The correctional mechanism or treatment, if fails will lead to the collapse of whole criminal procedure. The concept of reformation has become the catchphrase in modern criminal justice system. Human rights jurisprudence advocates that no crime should be punished in a cruel, humiliating or in an brutal manner. From history of world especially of countries like USA, India it can be find out that punishments rang- ing from lashings, confinement in stocks, and public brandings for minor offenses to hanging for heinous crimes—including theft were given.1 for those who were awaiting trial. At that time emphasis was placed on the importance of hard labor and silence— the latter so as to give the offender the chance to do penance for committing the crime even as the conditions of confinement grew moreShow MoreRelatedThe Incarceration Of The Correctional System910 Words   |  4 Pagesimprisonment as a form of criminal punishment became a widespread in the United States. The Jackson Administration use rehabilitative labor as a penalty during the American Civil War. Parole, probation, and indeterminate sentencing came in the Progressive Era, which later became a main mechanism in the American penal practice. Incarceration is one of the main forms of punishment and rehabilitation in the United States. According to the U.S. Bureau of Justice Statistics there a 2,266,800 adults wereRead MoreJuvenile Offenders And The United States1092 Words   |  5 PagesDepartment of Corrections; this agency is responsible for the regulation and controlled of convicted prisoners. The Department of Corrections allows the safety of the community by performing safe and secure facilities which keeps the prisoners and offenders under control. In prison there are wide facilities are available for offenders and prisoners such as medical treatment, educational and vocational programs. These programs are there to help the offenders become better citizens. Corrections are providingRead MoreHistory of Punishment2331 Words   |  10 PagesClass Notes for CJ 352_Spring 2011 History Instructor: Marcos L. Misis (ABD) . 1 HISTORY OF CORRECTIONS IN AMERICA Early History of Corrections †¢ Codified punishment for offenders was developed in the early ages of human history. †¢ One of the earliest known written codes that specified different types of offenses and punishments was the Code of Hammurabi in 1750 B.C. The Code of Hammurabi was divided into sections to cover different types of offenses and contained descriptionsRead MoreThe Articles Of Cullen And Jonson1240 Words   |  5 Pagesto reduce crime through treatment, as in mental help for the criminal to see if doctors can assist criminals in stopping their bad ways. Restoration is the idea of healing the harm done by the offenders to the victims. As in to restore the injured parties to make them whole again, to restore balance in the justice system, also to get back to a normal state rather than getting even within the crime, this method focus on the offense and the offender of the crime. Correction is a serious business forRead MoreTaking a Look at Biliary Artisia728 Words   |  3 PagesIt is widely agreed upon in medicine that time is of the essence when it comes to diagnosis and treatment of disease. The pediatric disease, biliary atresia (BA) is no different in this regard, as it has been well accepted for several decades that the timely recognition and repair of BA is essential1. BA is a progressive, idiopathic disease characterized by extensive fibrosis of the extrahepatic biliary tree resulting in blockage of bile flow. BA is the most common cause of surgically correctableRead MoreEssay on Does The Punishment Fit The Crime?851 Words   |  4 Pagesin which we punish those criminal behaviors changes. In the early modern era in Europe, public executions were the primary punishment given to members of society who were involved in criminal behavior. This form of punishment served to showcase the absolute power of the state, King and church to take away the life of any citizen who disrupts peace. It was a way to make the criminal justice system visible and effective in an era when the criminal justice system was in its beginning stages of demonstratingRead MoreCriminal Laws Should Be Organized1513 Words   |  7 PagesThroughout the 1980s, crime and corrections became very important to the public and elected officials since crime was increasing and with constant media coverage, violent crime created fear and anger and the target grew into holding offenders accountable for their conduct and the current Retributive Era came into existence. This model emphasized public safety above all else. Correctional punishments were tough with very little inmate resources. This was the return to the Classical School of criminalityRead MoreEssay on Alternatives to Prison1677 Words   |  7 Pagessecurity prisons are utilized for the offenders serving a sentenced amount of time for their offenses. Their levels of security and prison design are more intense than the minimum security prisons. The effectiveness of prisons has decreased due to progressive overcrowding, and the lack of conclusive alternatives. The need for alternatives has grown immensely over the last decade. Nonetheless, the State and Federal governments are desperate for competent, less expensive solutions. Costs of keeping a prisonerRead MoreThe Effects Of Substance Use Disorder On America s Prison System1339 Words   |  6 PagesHeroin was discovered in the cell he resided in, and in an unprecedented legal proceeding, Judge Richard Berman gave Cameron the longest sentence on record for a prisoner found to have drugs while incarcerated. Instead of receiving much needed treatment for his disorder, Cameron will spend nearly the same amount of time in prison as his original sentence called for. The Numbers Drug use and abuse is not a new problem for America’s prison system, and is one which speaks to the larger issue corruptingRead More Preventing Juvenile Delinquency Essay2173 Words   |  9 Pagesoffenders above the age of seven were treated and incarcerated like adult offenders† (Bartollas Miller, 2008, p.5). The treatment of youths had created distaste among the reformers towards jail terms for juveniles; they desired a system to be more compliance with the â€Å"due process of law.† Furthermore, the reformer was seeking to convert from what they saw as inhumane treatment of the juvenile therefore, facility such as the house of refuge was started. â€Å"The earliest Reformatory Refuge was built

Systems Can Be Improve Banking Processes †Myassignmenthelp.Com

Question: Discuss About The Systems Can Be Improve Banking Processes? Answer: Introduction Information systems can be utilized to gain competitive advantage at the industry level by engaging with other companies to make standards for sharing business transactions electronically or sharing of information which will market actors to implement same standards. I identified Standard chartered bank as my case study and realized that the company uses a value chain structure in determining areas where information systems can be used to improve banking processes. IS Strategy and IT Management Structures The data needed to support business approach and the establishment of data systems appropriate to supplying such information requires to be planned and implemented with each other. This positioning of business approach with information system yields information systems strategy. It is a constant process that enhance the information system support design to progressively remain significant for any business strategic aims and objectives. (Deutch Milo, 2012). Standard chartered bank has a cogent approach for information system, that deliver information that is of high strategic value. All the systems and technology in the organization are conformed to a larger strategic vision therefore enhancing performance in a synchronized manner. Compatibility is the rule rather than the exclusion. As such business objectives and goals are largely impacted by such information system strategies. Opportunities are grasped. The bank possesses an information system that has a calculated focus. It is closely lined up with business approach and is driven by business requirements rather than technological prospects. It is joined with the organizational approach to hand over information that assist the management to outrival competition and thereby using information system as a device for competitive benefits. Information system therefore, delivers anticipated awareness into business issues.(Draheim, 2010). Nature of the Business Standard chartered bank is a system that offers cash management assistance for clients, recording the execution of their accounts and portfolios of the day, exchange goods and services with financial and bank's financial equipment, provide change of currency and distribute distinct type of capital. It provides various expertness and opportunities to their clients. It offers security of money and commodities and offer credit, loans, and payment aid, like inquiring on money orders, accounts, and cashier's checks. It also provides insurance and investment goods. The following are some of the activities that standard chartered bank undertakes; Receiving deposits and granting loans as financial equipment apart from receiving deposits and giving loans, the bank offers transaction accounts. Accounts are normally opened for small and medium customers, the retail clients, and for the enterprise clients. Funds deposited by the deponents in the bank is used for distribution and generation of financial instruments and other loan. This institution offers and possess liquidity supportable flow for financial and non-financial organizations. The banks are dealing with humans- the major participants in the standard chartered bank include: non-financial organizations, retail divisions, other banks, small and medium firms, conglomerate companies, big companies, insurance firms, multinational companies, security, international companies, among others. The upholder of each mentioned organization is a person. Human beings are the connection to all financial projects. Different types of clients, manners and behaviors- the bank handles different customer behavior, personality, cultures and manners. This is because clients possess different tastes, opportunities, social traits, financial might, egos, among others. As such the bank differentiate its client and position them accordance to the requirements and interest. The bank therefore provides its goods and services in accordance to the position given. (Weske, 2007). Different culture and religion- Clients view their world based on their cultural belief. Believes, culture, values and religion aim act as highway to particular behavior direction and culture. As such the bank grants freedom to its client for the choice of the preferred good and services that will meet their needs. Unlimited wants with limited resources by its customer- resources become scarce due to individuals ability and competence to make money and have enough for the particular limitation. Inadequacy guide client on use of funds wisely to meet their needs and forego their wants. Generation of profit through client operations and provision of different services- standard chartered bank act as intermediaryin receivingdepositsand channeling those deposits into lending operations, either through loans or capital markets. It links clients with capital shortage with those with surplus capital. It acts as disbursement agents by analyzing present accountsfor clients, handing overcheckswithdrawn by clients on the bank, and gathering checks lend to clients' present accounts. It also enhances client payments through other payment ways like the automated clearing house,EFTPOS,telegraphic transfer, andautomated teller machine. The bank take money for temporary use through issuance of debt securities like bonds, acceptance of deposited funds on present accounts, term deposit. However, it lends money through production of advances to clients on present accounts, and installment. Some of the channel the bank uses for allocation are: internet banking, Automated Teller Machin es, offices, video banking, call center, telephone banking, mail, relationship managers, mobile banking, agents, sales forces, among others. (Brotby, 2008). Governance Structure The Board of Directors It is composed of the chairman, four executive directors, and ten independent non-executive directors whose role is to see the flourishment of the company. Shareholder has to conduct and election to appoint their directors. Their roles and responsibilities include; Its the mandate of the board to review and determine the strategy of the company, overseeing the compliance of the Group with regulatory and statutory commitment, handling of concerns pertaining to the Companys capital, manages companys operational areas and structures, makes sure that internal control system is running smoothly, and conducts appointments to the b Independent Non-Executive Directors They are selected for a term of three years. They are normally appointed because of their vast experience, have unique individual qualities and appropriate caliber. Furthermore, they may have some expert knowledge that will aid the management board with valuable inputs. Their Roles include: Monitoring performance banks performance, determining executive directors level of Remuneration, help n marketing the bank services and connecting it to potentially useful companies, and to make sure that banks capital is a true and fair reflection of its performance. (Laan, 2013). Board Committees Constitutes of four committees with defined delegated duties. They include: Remuneration Committee, Nomination Committee, the Sustainability and Responsibility Committee and the Audit and Risk Committee. These committees take independent expert opinions and advices where necessary at the banks expense. Details of these committees and their members are given below. Audit and Risk Committee This committee is made up of independent non-executive directors. Each member is considered to poses vast experience and knowledge of financial reporting to the deliberations of the committee. The Committees responsibilities with regards to internal audit functions include: assessing and monitoring efficiency of the internal audit functions, considering the selection, termination or discharge of the Internal Audit head, making and considering suggestions and recommendations to the Board on the selection, re-selection, discharge of the external auditor; applauding the terms of contract, scope and nature of the audit; Board Nomination Committee The responsibilities of this committee include: in case Board vacancies come up, the assess the knowledge, skill and experience needed to fill the position available, maintaining directors and other senior executive succession plans under review to make sure the firm go on to compete in the market place effectively and coming up with substantial suggestions to the Board. Board Remuneration Committee This committee decides the salary and favors of the banks chairperson, chief executive officer and other directors. It also reassesses and accept the remuneration of other specific senior management employees. Sustainability and Responsibility Committee This Committee acknowledges issues to do with how Standard Chartered can build a feasible business through deliberation of economic development, social investment, environmental protection, and other sustainability factors responsible for the firms long-term shareholder value. The Committee's roles include: making sure that the banks business activities are in order, reciprocating to external arising issues in regulation, stakeholder guidance, reporting and legislation. Assessing new banks policies to make sure that adjustments are in order with sustainability conventions and echo emerging trends and advancement. (Greuning Brajovic, 2009). Business Processes Aprocessis a designed set of operations that yield outcome. Repetition of processes ca be done severally and are often structured carefully and optimized to influence efficiency and productivity. Some of the processes that the standard chartered bank undertakes include; Administration- This is the process of onboarding fresh employees with guidelines like provision of an employee identity card. Banking- After a stock exchange a bank's settlement operation delivers securities. Operations- this are activities that involves acceptance of an order, service deliverance and billing the client. Procurement- this involves the guidelines needed to ensure security of parts and materials like, accounts payable ,receiving, purchasing and invoice reconciliation. Sales Operations Planning- this process involves the procedure needed toscheme inventory levelson the basis of factors like client demand and production dimensions. Information Technology-A different process of management accredits business group to comply with requests of change for systems. Every change is prioritized, reviewed, evaluated, implemented, and developed, Information Security- this analyzes the state of exposure in systems for instance, access control lists such as unused permissions. Customer Service-this process investigates client discontent and decides if clients deserves a compensation. The process also influences improvement to the company as setbacks may be recorded as challenges and mended. Infrastructure- this process carries out engineering evaluation of all bridges in a land annually recognizes risks . Asset Management- A data center carries out product inventory process annually that justifies all devices in the store. Performance Management- The process facilitates performance goal setup at the beginning of the year and performance evaluation at the end of the year Marketing- this process involves utilizing everything needed to establish and open new product to market. Sales-it includes guidelines needed to purchase to a customer, such as billing, orders, proposals, quotes and delivery. Policies The following are some of the policies that guides standard chartered bank; Position descriptions of the employee this includes; definition of the role and responsibility of an employee, amount of power possessed for making decision, overall objectives and particular duties and creation of methods for accessing performance and building workers through training. Personnel Policies this includes; clear outlined business hours, retirement, condition of employment, sick leave, salary, insurance and health advantages, and paid versus unpaid holiday days. Organizational Structurethis includes; creation of charts outlining each persons identity, that is, name and title showing everyones fitness in the organization structure. Disciplinary action this include; approaches on issues of safety, honesty, misconduct, and performance and measures and disciplines taken upon violation of organization policy and rules. Retaliation retaliation policy should be avoided to safeguard employees and the organization. Safety this includes; Usage of best industry practices, and federal, local and state laws as steps for creation of rules entailing best behavior mechanism at work, usage of safe equipment, and ways of reporting safety hazards. Technology this include; establishment of legal and illegal usage of social media, internet and email for personal reasons at work. Policies for clients working with the organization include; Privacy this involves; protection of employees, the organization and clients through establishment of a policy that promotes trust and transparency with the clients. Credit this include; decision on the terms of account opening and development of good credit with the organization, settlement on the allowed amount of time for payment, establishment on effects of late or overdue payments. Confidentiality this entails; protection of sensitive information, and of relationships using clients, suppliers and vendors. Regulatory Requirements The above governance structure and policies of standard chartered bank meet the following regulatory requirements; duty clarity, prevention of undue influence and trust maintenance, decision establishment and governance of body design for independent regulators, transparency and accountability, engagement, funding and evaluation on performance Mitigating Risk Risk identification- risks may appear from several channels like servicing, sales, mortgage, product structure, debt collection, and client service. The bank identifies risks and documents them, then evaluation methodologies are defined to assess these risks in a guarded manner. It aligns these uncertainties with crucial decision-making guideline that assist in ensuring that all organization decisions are established for the well-being of customers while meeting the needed regulations. There is a flexible structure to describe the companys appetite with developed key metrics like key risk, key performance, and key control indicators for conduct risks. To ensure transparency, the bank factors the conduct risks into the organization strategy, and key metrics as well as risk appetites are aligned with the decision-making processes and equivalent risks and controls. Some of the key metrics include; tracking transparency, client satisfaction score, post-sales servicing, and issue resolution. (Salem, 2013). Control and mitigation management: once conduct risks are evaluated, the bank defines and assess suitable control requirements in at the right time to enhance their effectiveness. The organization describes aggressively as well as measuring controls Remediation and issue management: issues should be unlimited to control inadequacy and should be stated from any sector like product structure, client complaint, sale of a financial goods, among others. The bank records and route the issues through an orderly investigation and remediation method along with automatic alerts for following issues and action designs all through their lifecycle. Complaints Management: the bank possesses an open and modernized approach to investigate, record and remediate clients and internal discontent about an employees and companys conduct. Complaints are recorded either through risk evaluation surveys, emails or via mobile calls, or online portals, and handled equivalently as an issue. Survey Management: the bank uses questionnaires and surveys to evaluate staff behavior with clients and recognize any fundamental issues and abide with the regulations. Possible Improvements The following are some of the possible improvements that the organization should focus on; Business realignment-The basic argument of business realignment is to move out business areas that costly and that have small margins and progress into areas that are more economical and profitable. The bank should identify a robust way to necessary planning, evaluating the minimum usage of assets required to compete in a specific area of business and recognize opportunities to make a distinction of themselves from competitors. This means moving into nontraditional businesses, like payment processing and specialty financing as long as their evaluations shows that they can contest efficiently and effectively. (Berghahn, 2013). Channel optimization- the aim of channel optimization is to evaluate the several ways client communicates with a bank to enhance creation of an economical combination that is suitable to each banks particular client base. This process encourages some fairly bold buying and selling of branches as banks adapt to their geographic occupancy. The bank should reconfigure roles and accountabilities within the branches and adopt fresh metrics for evaluating branch value and performance and value. Other approach include improving the functioning hours and technical abilities of call centers to see through client varying expectations. The no one-size-fits-all approach-Some banks aggressively advocate opening of electronic account, deposit capture that are out of the way through smart devices, and accounts that are structured to be basically paperless. Other banks however, usually those with large commercial clients follow a basically different way, aiming on individual service with a relation ship administrator and support group appointed to each certified account. The evaluation of such organizations has acknowledged that the high-worth business developed by this way can more than offset the added expenses. (Andersen, 2007). Process costs- the chance to enhance process costs often is under acknowledged in financial firms. The objective is to minimize the unit expense-to-value ratio of each operations or transaction, for instance the expense of opening an account, generating a loan document bundle, or managing a particular type of transaction. development in this line include constant performance management and often arise as a result of analyzing, benchmarking, eventually rethinking and mapping back-office processes. Staff productivity- besides reducing process expense, automation tools can assist in improving employee productivity, allowing banks to address more activities and greater capacity of transactions with the same number of individuals. Work rate improvement does not rely on technology alone. Some of the most important opportunities include using developed performance management method, like well described expectations and scorecards, enhanced rewards and motivation systems, and good supervision and training. (Lane, 2010). Other useful accessory involves visible metrics and output charts together with some line-of-intuitiveness incentives like bonuses that are given according individual performance and training, not just organization work rate. Many organizations also discover achievement in redefining work duties, testing with more bendable job structures, and outsourcing more specific functions. Technology and automation- the utilization of technology and automation also benefits individual concentration as part of the general effectiveness improvement effort. The overarching objective is bi-fold: first is to utilize technology to minimize the time spent in discovering data and secondly is to utilize automated business guidelines to progress work around the organization faster and effectively. (Tricker, 2015). Vendor relationships-upgraded vendor management does not necessarily mean putting pressure vendors to minimize their prices. Rather, it is structured to define the greatest possible worth from a vendor relationship. Significant tools involve utilizing service-level alliance and vendor scorecards to manager accomplishment issues, like availability of system, response times, and direct consumption. Such gadgets assist in provision of a more complete design of the vendor relationship. Other fundamental expense-cutting method involves measuring expenses and consolidating vendors against similar services in the market. Conclusion Information systems can bear impacts of infusion and diffusion in a company. Data systems will be employed only in silos for information processing if infusion and diffusion are low.in cases where infusion is low and diffusion is high there will be an information system that is decentralized. In addition, if diffusion is low and infusion is high, there will be an information system that is crucial to activities only. Nevertheless, if both infusion and diffusion are high, the organizations information system will contribute to a calculated and competitive benefits. References Grant, K., Hackney, R., Edgar, D. (2009).Strategic information systems management. Andover: Cengage Learning. Jawadekar, W. S. (2010).Management information systems: Text and cases : a digital-firm perspective. New Delhi: Tata Mcgraw-Hill. Bharati, P., Lee, I., Chaudhury, A. (2010).Global perspectives on small and medium enterprises and strategic information systems: International approaches. Hershey, PA: Business Science Reference. United Arab Emirates., United Arab Emirates. (2014).IT infrastructure. Laan, S. (2013).It infrastructure architecture - infrastructure building blocks and concepts. Place of publication not identified: Lulu Com. Harvard Business Review Press. (2010).Improving business processes: Expert solutions to everyday challenges. Boston, Mass: Harvard Business Review Press. Deutch, D., Milo, T. (2012).Business processes: A database perspective. San Rafael, Calif.: Morgan Claypool. Draheim, D. (2010).Business process technology: A unified view on business processes, workflows and enterprise applications. Heidelberg: Springer. Weske, M. (2007).Business process management: Concepts, languages, architectures. Berlin: Springer. Brotby, W. K., IT Governance Institute. (2008).Information security governance: Guidance for information security managers. Rolling Meadows, Ill: IT Governance Institute. Greuning, H. ., Brajovic, B. S. (2009).Analyzing banking risk: A framework for assessing corporate governance and risk management. Washington, D.C: World Bank. Salem, R. A. (2013).Risk management for Islamic banks. Edinburgh: Edinburgh University Press. Wahyudi, I., Rosmanita, F., Prasetyo, M. B., Surya, P. N. I. (2014).Risk management for Islamic banks: Recent developments from Asia and the Middle East. Berghahn, T. (2013).Managing diversity program of the deutsche bank. Place of publication not identified: Grin Verlag. Bologna, P., Prasad, A., International Monetary Fund. (2009).Oman: Banking sector resilience. Washington, D.C.: International Monetary Fund. Italian Association for Information Systems., D'Atri, A., Sacca?, D. (2010).Information systems: People, organizations, institutions, and technologies. Heidelberg: Physica-Verlag. Andersen, B. (2007).Business process improvement toolbox. Milwaukee, Wis: ASQ Quality Press. Lane, M. J. (2010).Representing corporate officers, directors, managers, and trustees. Frederick, MD: Aspen Publishers, Wolters Kluwer Law Business. Tricker, R. I. (2015). Corporate governance: Principles, policies, and practices. Baxt, R., Australian Institute of Company Directors. (2009).Duties and responsibilities of directors and officers. Sydney: Australian Institute of Company Directors

Managerial accounting free essay sample

a. Sales budget: April May June Quarter Budgeted sales in units 35,000 45,000 60,000 140,000 Selling price per unit Ãâ€" $8 Ãâ€" $8 Ãâ€" $8 Ãâ€" $8 Total sales $280,000 $360,000 $480,000 $1,120,000 b. Schedule of expected cash collections: February sales $ 48,000 $ 48,000 March sales 112,000 $ 56,000 168,000 April sales 70,000 140,000 $ 70,000 280,000 May sales 90,000 180,000 270,000 June sales 120,000 120,000 Total cash collections $230,000 $286,000 $370,000 $ 886,000 c. Merchandise purchases budget: Budgeted sales in units 35,000 45,000 60,000 140,000 Add budgeted ending inventory* 40,500 54,000 36,000 36,000 Total needs 75,500 99,000 96,000 176,000 Less beginning inventory 31,500 40,500 54,000 31,500 Required unit purchases 44,000 58,500 42,000 144,500 Unit cost Ãâ€" $5 Ãâ€" $5 Ãâ€" $5 Ãâ€" $5 Required dollar purchases $220,000 $292,500 $210,000 $ 722,500 *90% of the next month’s sales in units. Case 8-29 d. Budgeted cash disbursements for merchandise purchases: April May June Quarter March purchases $ 85,750 $ 85,750 April purchases 110,000 $110,000 220,000 May purchases 146,250 $146,250 292,500 June purchases 105,000 105,000 Total cash payments $195,750 $256,250 $251,250 $703,250 2. Cravat Sales Company Cash Budget For the Three Months Ending June 30 April May June Quarter Cash balance, beginning $ 14,000 $ 10,250 $ 10,000 $ 14,000 Add receipts from customers (Part 1 b.) 230,000 286,000 370,000 886,000 Total cash available 244,000 296,250 380,000 900,000 Less disbursements: Purchase of inventory (Part 1 d.) 195,750 256,250 251,250 703,250 Sales commissions 35,000 45,000 60,000 140,000 Salaries and wages 22,000 22,000 22,000 66,000 Utilities 14,000 14,000 14,000 42,000 Miscellaneous 3,000 3,000 3,000 9,000 Dividends paid 12,000 0 0 12,000 Land purchases 0 25,000 0 25,000 Total disbursements 281,750 365,250 350,250 997,250 Excess (deficiency) of receipts over disbursements (37,750) (69,000) 29,750 (97,250) Financing: Borrowings 48,000 79,000 0 127,000 Repayments* 0 0 (16,000) (16,000) Interest* 0 0 (3,020) (3,020) Total financing 48,000 79,000 (19,020) 107,980 Cash balance, ending $ 10,250 $ 10,000 $ 10,730 $ 10,730 *This is the maximum amount (in increments of $1,000) that the company could repay to the bank and still have at least a ,000 ending balance. We will write a custom essay sample on Managerial accounting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page ** $48,000 Ãâ€" 1% Ãâ€" 3 = $1,440 $79,000 Ãâ€" 1% Ãâ€" 2 = 1,580 Total interest = $3,020 Case 8-29 3. Cravat Sales Company Budgeted Income Statement For the Three Months Ended June 30 Sales revenue (Part 1 a.) $1,120,000 Variable expenses: Cost of goods sold (140,000 ties @ $5 per tie) $700,000 Commissions (140,000 ties @ $1 per tie) 140,000 840,000 Contribution margin 280,000 Fixed expenses: Wages and salaries 66,000 Utilities 42,000 Insurance expired 3,600 Depreciation 4,500 Miscellaneous 9,000 125,100 Net operating income 154,900 Interest expense 3,020 Net income $ 151,880 Case 8-29 4. Cravat Sales Company Budgeted Balance Sheet June 30 Assets Cash (Part 2) $ 10,730 Accounts receivable (see below) 450,000 Inventory (36,000 ties @ $5 per tie) 180,000 Unexpired insurance ($14,400 – $3,600) 10,800 Fixed assets, net of depreciation ($172,700 + $25,000 – $4,500) 193,200 Total assets $844,730 Liabilities and Stockholders’ Equity Accounts payable, purchases (50% Ãâ€" $210,000.) $105,000 Dividends payable 12,000 Loans payable, bank ($127,000 – $16,000) 111,000 Capital stock, no par 300,000 Retained earnings (see below) 316,730 Total liabilities and equity $844,730 Accounts receivable at June 30: 25% Ãâ€" May sales of $360,000 $ 90,000 75% Ãâ€" June sales of $480,000 360,000 Total $450,000 Retained earnings at June 30: Balance, March 31 $176,850 Add net income (Part 3) 151,880 Total 328,730 Less dividends declared 12,000 Balance, June 30 $316,730

Free Essays on WWI US Interests

From 1898 to 1919, the United States failed to recognize that it had vital interest at stakes in Europe, where it tried to stay aloof. At the same time, it had few or no such interests in Latin America where it eagerly became involved. Assess the validity of this statement. The United States, at the end of the 19th century and the start of the 20th, began to emerge on the world stage as a full-fledged nation. As a nation, it needed to be in contact with the current events happening around it. From 1898 to 1919, the US was eagerly involved in both Europe and Latin America because it found vital stakes in both spheres. Theodore Roosevelt was one of the first presidents who moved America onto an international stage. The world saw his big stick, his great white fleet and his artful maneuvering of the Russo-Japanese treatise. Later, Woodrow Wilson was charged with continuing America’s influence on a moral basis, as well as tying America into the First World War in Europe. These two presidents set the stage for America in the western hemisphere and the eastern hemisphere, respectively. As the United States navy grew at the prodding of Alfred Thayer Mahan’s writing and Roosevelt’s insistence, it became necessary to move her large ships efficiently about the world. This necessity was brought into the limelight when a United States ship had to travel the lengthy passage around Latin America in order to reach the revolution in Cuba. Such a fiasco of stopping to re-coal and traveling the distance forced the president to recognize the need for a canal, more notably through Panama. Once the Panama Canal was built, it saved US shipping and travel thousands of dollars because it need not pay in order to pass through- dubiously acquired- United States soil. Beyond the Panamanian strip, America found the constant revolutions, unpaid debts and general instability in its own backyard to be a magnet for European interference. To pr... Free Essays on WWI US Interests Free Essays on WWI US Interests From 1898 to 1919, the United States failed to recognize that it had vital interest at stakes in Europe, where it tried to stay aloof. At the same time, it had few or no such interests in Latin America where it eagerly became involved. Assess the validity of this statement. The United States, at the end of the 19th century and the start of the 20th, began to emerge on the world stage as a full-fledged nation. As a nation, it needed to be in contact with the current events happening around it. From 1898 to 1919, the US was eagerly involved in both Europe and Latin America because it found vital stakes in both spheres. Theodore Roosevelt was one of the first presidents who moved America onto an international stage. The world saw his big stick, his great white fleet and his artful maneuvering of the Russo-Japanese treatise. Later, Woodrow Wilson was charged with continuing America’s influence on a moral basis, as well as tying America into the First World War in Europe. These two presidents set the stage for America in the western hemisphere and the eastern hemisphere, respectively. As the United States navy grew at the prodding of Alfred Thayer Mahan’s writing and Roosevelt’s insistence, it became necessary to move her large ships efficiently about the world. This necessity was brought into the limelight when a United States ship had to travel the lengthy passage around Latin America in order to reach the revolution in Cuba. Such a fiasco of stopping to re-coal and traveling the distance forced the president to recognize the need for a canal, more notably through Panama. Once the Panama Canal was built, it saved US shipping and travel thousands of dollars because it need not pay in order to pass through- dubiously acquired- United States soil. Beyond the Panamanian strip, America found the constant revolutions, unpaid debts and general instability in its own backyard to be a magnet for European interference. To pr...

Writing assignment Essay Example | Topics and Well Written Essays - 750 words - 2

Writing assignment - Essay Example With the many possible sources of ocean pollution, there exist myriad of adverse effects with prevention calling for collaborative efforts among governments, international community and individuals. The first form of ocean pollution is oil pollution. As noted by WWF, 12% of ocean oil pollution emanates from oil spills with 36% attributed to runoffs from cities and industries. The oil from down the drain contributes to ocean oil pollution the greatest, emitting 363 million gallons of oil per year according to Gradwohl. Other sources include natural seeps, offshore drilling, routine maintenance and big spills. Although oil-covered sea animals would be covered from cold by the oil as documented by Miller and Spoolman, they face adverse health effects including reproductive complications and liver diseases due to swallowing of oil which threatens their survival (267). This form of pollution kills ocean life including mangroves and coral reefs with intertidal zones noted to be the most sensitive. Thus, cleanups have been embraced by various governments to curb the problem. As NASA documents, the 1983 United Nations treaty, MARPOL (MARine POLlution) brings together the international community to reduce operational and accidental oil spillages. Individually, people should be encouraged to avoid dumping oil and oil-based waste into oceans. Secondly, there are toxic materials dumped into oceans. Slowly degrading chemicals and metals settle on the floor of the ocean, accumulating and becoming hazardous to organisms living at the bottom of the ocean. Eventually, such toxins could enter the food web, contaminating sea animals that are a source of human food. Beard cites mercury, dioxin and radioactive substances released from industries, agricultural practice, gardening and household activities among others as some of the toxins (280). Gradwohl further notes that almost 1,000 new toxins get added to the ocean every year. Digging out

Why does Canh reject Thoas offer of freedom and get off the train Essay

Why does Canh reject Thoas offer of freedom and get off the train - Essay Example 233). Thus instead of merely exploring the glory of victory attained by the collective people of the country, Sandy Lives tries to capture the essence of what it was to be a Vietnamese citizen living during those times. Therefore, the impacts that war had on personal lives of people as well as the relationship these people had with each other is deftly analysed and portrayed through Vietnamese cinemas such as the one under study here. Such films reveal the fact that wars do not end in the battlefields, but linger among the lives of both people involved in the war as well as their family members, thereby making it amply clear that â€Å"wars end at home† (246). The case of Canh and Thoa was similar, where the former starts a new life with another family up north, whereas the latter faithfully waits for her husband to return, thereby ignoring her social responsibility of giving birth to a child, but at the same time, fulfilling her moral obligation of filial piety. Therefore, it becomes clear that it is this loyalty and faithfulness of his wife that inspires Canh to not run away from his responsibilities, thereby rejecting to take the train ticket, which represents his escape from â€Å"marit al commitment† to Thoa (247). Thus, this highlights the protagnoist’s belief in his marital commitment as well as reiterates the long lasting â€Å"disruptive effects† of war on the â€Å"people’e lives† (Miguel & Roland 2005, p.

Traveling to New York and Traveling to Florida: Compare and Contrast

Traveling to New York and Traveling to Florida: Compare and Contrast Traveling to New York and Traveling to Florida: Compare and Contrast Abstract Florida and New York are considered to be the most important state of United States, not only in terms of politics and Business, but also, due to tourism. These are the states that welcome millions of travelers annually and earn lot of revenue for the country. They have numerous thinks in common like both have the coastline along Atlantic Ocean; Both offer easy transport, economical hotels and cultural diversity. But, they also differ in aspects like like weather, geography, sightings and shopping places. The paper covers all major similarities and differences that a traveler might experience, while one might travel in these states. Table of Contents Abstract Introduction Body Wonders of Traveling Traveling in New York Traveling in Florida Comparison Cultural Diversity Transport Hotels Food Contrast Weather Geography Sightings and Attractions Shopping Conclusion Works Cited Traveling to New York and Traveling to Florida: Compare and Contrast Introduction World is full of beautiful places and we see around us, we realize that this world is not only the stunning place but the one worth experiencing and traveling. When we broaden our thinking and the experiences, we realize that even different parts of the same city are different. If we visit different places of the same city we realize that world has put before us, its wonders and marvels. People who have travel and love this agree to the fact that travel itself is the source of great success and pleasure. The joys of travel are beyond measure and beyond imagination, unless the one tries it. Every place has its distinct features and the distinct characteristic, so, every new place opens, before travelers, a new world and helps them to enjoy and experience those wonders. Even the place that was visited earlier helps to know and learn new things that the travel might have missed last time or developed and appeared in the time between two visits. America has proved itself to be the land o f dreams, opportunities, pleasures and attraction. It annually attracts million of travelers to its different states, from Americans themselves and also a large variety of foreigners. The open grounds from the people from all over the world have made America, a multi cultural, a multi religious and a multi ethnic country. Due to the common element in America, a thing that should be considered is the versatility in different states. This is the compare and contrast paper about traveling in New York and traveling in Florida and covers the details about what a person might experience there. Body Everyone as individual interests and there are people who love to travel and explore the world around them. For some people traveling might be the tyring business, but, the people who love traveling are aware of the joy and pleasure that iy might bring to the people and the experiences that they can have by visiting different places. Travelling is not only the recreational, but, also the educational one and offers a lot of benefits. Wonders of Traveling Irrespective of thee fact that a person visits a place for educational or the recreational purpose, it always bring positive addition and changes into the personality of the traveler. Some people may visit other places for business purpose, some for educational and some for the leisure, but all the factors contribute towards the personality and health of a person. It helps in improving interpersonal growth, improve information about places and related facts, increase adeptness and deftness and most importantly the most essential skills of life. The psychological impact of relaxation, leisure, satisfaction and motivation are developed in a person, when he takes time, out of the routine and indulges oneself into soothing and relaxing activities. Regarding the role of traveling in success and motivation, it is believed and experienced by a lot of travelers that when they visit new places they come to meet new people, see new things, visit new places and understand about the versatility and the change in perspective. Such activities help a person to see the same problem from a different angle and to provide perspective to life and profession. (Stone and Patrick) Within America, there are numerous places, which are worth visiting and help the people to develop new ideas, relax and roam around. Among all the states of America, Florida and New York are considered to be the most noticeable ones. Traveling in New York New York is one of the busiest cities of the world and hustle and bustle on its every road. The concept of American dream that has been developed years ago, seems true when one visits New York. It is a place that welcomes people from all parts of the world and introduces the developed and most stylish side of United States. America that is shown in movies i.e. place of nightclubs, hotels, architecture, cars and busy life seem true in this city. This is a city that remains awake 24 hours and provides facilities irrespective of the fact that people come out of their house at day or at night. It invites the people all over the world, who want to make their career in Hollywood and become face of the industry. It has wonders, within it, for tourists it is a paradise and they can observe and experience the America that is changing with a rapid pace and has skyscrapers all over. The economic and social growth of the country can be well observed in this city. (Chevron) Traveling in Florida Florida is another beautiful place in America and offers the pleasures of nature and sceneries. One can enjoy the beautiful sandy beaches and the memorable theme parks that make this different from any other place in United States. It is well known for the fact how housing field is developing in this area and even this place is known for the people who want to settle here for life time. it s the combination of busy world and the places that offer peace and quiet to the ones, who want to live at a quiet place. Florida is multicultural cities and has people from Caribbean, Latin American, Spanish and Cubans. Its gives the impression of world, within itself and represents different cultures and ethnic groups. Sunny weather invites the people that want to enjoy the beaches and the warm weather. Wilderness and the natural scenes are the special aspect of this place and are the most attractive factor for travelers (Veness and Veness). Comparison Although, New York and Florida apparently seem to be the different places, but, there are a lot of things in common and there are numerous facts they share. Some will be discussed here. Cultural Diversity It is a well known fact that America is a multi cultural country and is the one that not only respects, but also, celebrates various cultures of the world. New York is a metropolitan and people from not only different parts of America, but, of the world are settled here and are living and working in Harmony. Due to the presence of the Film Industry, people from different countries are also attracted here and work along with Americans. When a traveler leaves the airport he starts having the experience of the lifetime. The experience of cultural diversity starts from the people who land on this airport, taxi drivers belonging to different countries and the people working in the streets and shops. From corporate level to people on the streets, a traveler can see people of different origins, here (Chevron). Florida is considered as the land of the people majorly belonging from Latin America, but, a lot of Asians, people from Caribbean, Cubans, Caucasians and most of the Latin America hav e become the locals of this city. Cultural diversity is common in Florida and New York and in spite of less busier city than New York; traveler can see people from different backgrounds. One might think that m.ost of them are travelers, but, it is a surprising fact that people of different origins have settled here and made Florida a world in it (Campbell, Denniston and Karlin). Transport Most important thing that a traveler will enjoy in New York will be the ease with which he can travel from one place to another and how he can reach his destination, without any issues. The most common modes of communication that are available in New York include: commuter rails, buses, subways and taxis. When a traveler leaves airport or the bus stand he easily finds taxi from the airport or the stand and can reach his destination. It is a common scene in New York that in spite of being the busy city and the lots of traffic, some people also use bicycles to move from on place to another (Chevron). In Florida, intercity rail is the most common and easily available and easily reached transport. In addition to this, travelers can easily find yellow cabs that can take people at their destination. There is an excellent road system n the country and the busses available can take traveler to different parts of Florida easily, anywhere and anytime. (Campbell, Denniston and Karlin) Hotels Most amazing thing about New York is that it is the economic hub, busiest city, populace one and the one with millions of visitors, but, traveler can fig most luxurious to the cheapest hotels in this area. People who only want to roam about and experience New York can get most economical place and the ones who want to stay in luxury can find the five starts hotels also. There are around five hundred options of different hotels and inns are available in New York, which serve all types of people (Chevron). Abundance of hotels and restaurants, in Florida, are present due to the abundance of beaches here. Since traveler who come in Florida often visit beaches and countryside, so they prefer guest houses and tents and which are available. In the rural side, economical and most luxurious hotels are available. Varieties of hotels give the choice to the travelers and help then to choose a hotel within their budget (Veness and Veness). Food Food truck culture is becoming common in New York, which provides junk, traditional, Mexican, African, Thai and al, kinds of foods are available to the travelers at economical rate. Travelers who want to enjoy more sophisticated restaurants and experience the sophisticated food, and then they can also go to numerous restaurants and shops opened in all parts of New York (Chevron). A variety of food options are available all over Florida and the options vary with the population and the terrain. In rural sides, all types of food i.e. junk t the specialties of different cultures are available. Since, Florida has a large beach, so, seafood is really common in this area and variety of seafood increase at the restaurants and hotels near the beaches. Traditional food of America is available everywhere, but, the people of different nationalities have opened restaurants and the abundance of food trucks helps in increasing the options available. (Campbell, Denniston and Karlin). Contrast Being different part of same country, New York and Florida have lot of commonalities, but, they also have numerous differences that make then different from one another and encourage the traveler to visit both states. Weather Weather of New York and Florida is totally different from one another. In New York there different seasons, along with summer and winter people also experience spring an autumn. The winters of New York are very cold and the temperature drops to as low as -2 degree centigrade. Heavy snow fall is common in New York and the hurricanes are common in this area (Chevron). In comparison to New York, in Florida, it is either really hot or warm. Winters in this area is not very chilly, the beaches make the temperature normal even in the winter. Southern Florida remains warm even in the winter, but, in northern Florida, temperature may fall to the freezing point and can create difficulties for the locals and visitors (Veness and Veness). Geography New York is Atlantic Ocean and the Hudson River, people even use fairies for the leisure purpose, although, its coast line is really small, as comparison to Florida. But, the main cities of New York have developed and there are skyscrapers all over the place. There is varied geography of New York, having plains, mountains, river, lakes and all other natural treasures, but, it is well known for its urban side. There are natural sights, but, the urban world of New York is more popular among the travelers (Chevron). Florida is actually situated on a peninsula made by Atlantic Ocean and the Mexican Gulf. The coastline of Florida is really large and spreads to 13,476 Km in NOAA system. Beaches are the main attraction in these areas and due to such a large coastline, and being at the sea level, the state is generally plain and offers numerous beaches for the travelers (Campbell, Denniston and Karlin). Sightings and Attractions In terms of attractions and sightings, New York is one of a kind. Statue of Liberty is considered the most important place that every traveler, in the New York, wants to visit. Metropolitan Museum of Art is another important attraction of the city. Museum of Modern Art, Empire State Building, Times Square, Museum of Natural history, botanical garden and China town are the most popular and most visited places by the traveler. The urban world of New York is really attractive and invites travel to explore its wonders. Most of the places that people love to visit in New York are manmade. In comparison to other places, New York is considered to be the place Museums, art galleries and gardens and offers the combination of old and new world (Chevron). Florida is known for its theme parks and among them; Disney World is considered to be the main attraction. It spreads on 47 miles and has restaurants, themed hotels mater parks, shops and gold course and attracts the people all over the world, it is not only the most favorite place for children, but also for the adult travelers. Universal Orlando made by the universal Studio, Sea world, LegoLand, Kennedy Space Centre and most importantly its beaches are the most visited places. The natural scenes and the sights in Florida are more famous among the travelers and this provides the combination of manmade and the natural sights like John Pennekamp Coral Reef State Park and Everglades that a traveler wants to pay a must visit. This feature has made Florida more attractive place form travelers with different preferences and different likings (Veness and Veness). Shopping Both are really big states and the shopping place that are available here are incredible. If analysis of New York’s markets and the shopping complex is done, then because of being the urban area, numerous brands can be found at a single road or street and even in the same shopping complex. There are very expensive shopping malls to the ones that offer the most economical things and the ones with discounts. The most important attribute that these malls and shopping centers offer is that they work 24 hours a day and make it really easy for everyone to shop in accordance with their preferences. The most popular market among the travelers is China town, which attracts people of all ethnicities (Chevron). Shopping Malls in Florida are also incredible like those in New York, but, the versatility is far less here. Another thing that differentiates the markets of Florida from New York’s is that most of the malls close by 11pm. The shops do not remain open round the clock and th e variety of traditional and all the ethnicities cannot be found at a single place. (Campbell, Denniston and Karlin) Conclusion New York and Florida are the beautiful states of America and are the true representatives of American culture, history and the diversity. They workers and travelers from all over the world and the people here facilitate and accommodate them among themselves. Diversity is the most beautiful feature of these states and this ensures that America is actually the land of dreams. It offers all the facilities that a traveler wisher for like easy transportation, economical hotels and the variety of food. Apart from these features they are also different in a lot of aspects. New York is known and celebrated for its urban sides, museums and galleries, whereas Florida is known for its theme parks and beaches. Difference in weather and geography make it worth visiting even from the Americans, belonging to different states. In spite of the similarities and differences in these states, these are the places that should be visited by everyone and should be on the list of travel lover. Works Cited Campbell, Jeff, et al. Lonely Planet Florida. Melbourne, Australia: Lonely Planet, 2014. Chevron, Doris. MARCO POLO Travel Guide New York. Ostfildern, Germany: MAIRDUMONT GmbH Co. , 2014. Stone, Matthew J. and James F. Patrick. The Educational Benefits of Travel Experiences: Literature Review. Journal of Travel Research, 52(6) (2013): 731-744. Veness, Simon and Susan Veness. The Telegraph Travel. 2012. Telegraph. 29 June 2015 http://www.telegraph.co.uk/travel/destination/usa/95884/Florida-travel-guide.html>.