The Basic Psycological Needs of a Child free essay sample

He is often torn between the love of learning and experiencing life and the love for the adult that constantly demands â€Å"don’t touch that, don’t go there, sit still and be quiet! â€Å". A child should be loved and accepted in a way where is actions are understood and his needs are satisfied. He should feel guiltless in his urges to learn things and his curiosity and innate hunger for learning accepted. A child also has a need to feel special and unique. He needs to feel that his own innate character is acknowledged and appreciated. It is imperative that an adult satisfy this need. When a child shows his character by his choices and actions, it should be welcomed. A child also has a need to feel successful in his endevours. Every child has unique attributes and characteristics. A child should not be pressurized to conform to a standard behavior pattern of what adults expect children to be like, but should be accepted with all the intricacies of his budding personality. We will write a custom essay sample on The Basic Psycological Needs of a Child or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page A child feels the need to learn at his own pace and at a time when he feels ready. This facilitates a feeling of success for the child. If the child is given exercises and tasks that he cannot cope with he becomes frustrated and will exert his character negatively, and reject his environment. It is therefore imperative that a child gets loads of acceptance an love and that he learns and progresses at his own pace with the freedom of his environment at his disposal. The freedom of the environment is also a vital need of the child. Dr Montessori pioneered this sort of individual syllabus. It forms the cornerstone of the Montessori method. Dr Montessori stated that â€Å" the child is born with the psychology of world conquest. This refers to the need of the child to experience his surroundings in a goal orientated way. His inner urge to conquer various learning objectives , his horme, cannot function optimally with a restricted environment. This curtail in freedom negatively impacts the child psyche and his learning process is generally impaired.

Death of a Salesman (Compare Biff and Bernard) essays

Death of a Salesman (Compare Biff and Bernard) essays Different. Different were the two characters, Biff and Bernard, in Arthur Millers, The American Dream. Each person grew up in a different environment and ended up with completely different life styles. But at the end both knew that they had to work hard to get what they wanted, and nothing is handed to you because you are well liked. Growing up in a family full of lies Biff Loman did not know what life was really about. As a student in high school he was very well liked and was very popular in school. He was an excellent football player, which eventually gave him scholarships to colleges. Biff did very poor in school and expected his friend Bernard to help him cheat in his math class. But because Bernard did not help him Biff flunked math and couldnt graduate high school. He was raised by a man that believed that being well liked by others meant u would get somewhere in life, Biff spent 14 years of his life doing nothing. He went from job to job, stealing, and eventually getting thrown in jail for stealing a suit. Willy Loman, his father, made him believe that because he was a Loman he shouldnt have to answer to anybody. That is one reason why he went through so many jobs. When he was told what to do and had to answer to somebody he quit or did something bad and eventually got fired. After so many years of endless jobs Biff finally came home again. He realized that he wasnt dime a dozen or a great leader of men like his father always told him he was. Instead he was a man that had to work hard to get what he wants and not just expect it. Bernard on the other hand was completely opposite from Biff. Bernard came from a family that was taught if you work hard enough it pays off. While in high school Bernard was not very popular, and was considered a nerd. He always studied, was smart, but was not very athletic like Biff. He ...

Risk management Assignment Example | Topics and Well Written Essays - 250 words - 2

Risk management - Assignment Example This explains the movement of chemicals in water. The Batch test is used to measure the coefficient distribution whereas soil is given in the solution sections. The procedure shows that it needs to be shaken for a time of 24-48 hours so that the amount absorbed in the soil can be identified. The different factors affecting the content include the following; salinity, organic content, chemical concentration on species and finally the pH with redox potential (Briand, 2010). According to the given scenario, saltwater encroachment of aquifers, because of anthropogenic contaminants changes the quality of water with its ecological water status as in the wells. Additionally, chemical pathogens with discoloration like calcium, sodium, iron and manganese are present. Water in most of the wells changes the color, the taste or even the odor because of chemical spills on the ground. Nevertheless, a high level of chloride can be witnessed on wells and contaminated water (Briand, 2010). It shows itself at the surface of the water wells with numerous numbers of the bacteria inside. The side effects to the infants drinking the contaminated water can experience diarrheal illness from the contaminated water, disorders in respiratory, frequent vomiting, parasitemia diseases, and coma. In addition, the children can acquire various infections from the contaminated soil grounds like cutaneous, hookworms and ascariasis. Infants should be highly protected from the above

Management information system BD 1 Essay Example | Topics and Well Written Essays - 250 words

Management information system BD 1 - Essay Example According to research, there are four strategies for competitive advantage namely cost leadership, differentiation, Low-Cost focus and differentiation focus. Cost leadership entails a business being the cheapest provider of products while differentiation is about provision of unique products. Low cost focus resembles cost leadership with the difference being that it focuses on a niche market. Differentiation focus resembles low cost focus but also includes marketing a product in some unique way. Payoneer Inc. applies low cost focus and differentiation in promoting its competitive advantage. Low cost focus is performed through offering the cheapest transactional charges for global transactions. With differentiation, the company provides MasterCard services which very few banking companies in the world offer. On the other hand, Nokia Inc. applies low cost focus to deliver phone repair services and differentiation focus through provision of unique windows phones (Khosrowpour, 2006). Through the different application of technological approaches both Nokia and Payoneer have become globally recognized companies. Possible Payoneer possibilities of security breach and computer crimes include fraudulent use of MasterCard while Nokia faces that of hacking into their online systems (Sarlak & Hastiani,

What differences an entrepreneur from the small business owner Essay

What differences an entrepreneur from the small business owner - Essay Example differentiates entrepreneur from the small business owner by critically reviewing the theorists that have studied this area before drawing a conclusion. Small business sector is characterized by a range of activities undertaken by the managers of small firms. A small business owner refers to â€Å"an individual who establishes and manages a business for the principal purpose of furthering personal goals† (Carland et al., 1984, 358). The major conditions include: business has to be the primary source of income; takes majority of owner’s time and resources. Moreover, owner considers business as an extension of his or her personality and ties family needs and desires in an intricate manner (Carland et al., 1984, 358). On the other hand, an entrepreneur is â€Å"an individual who establishes and manages a business for the principal purposes of profit and growth† (Carland et al., 1984, 358).Entrepreneurship is distinguished by innovative behaviour and application of strategic management practices in the business (Carland et al., 1984, 358). Despite the fact that there is a plethora of definition of entrepreneurship, there is general consensus that it involves a transformational process of market change conducted by specific kind of managers (Stokes and Nicolas, 2006, 29). Despite considerable overlap between small business and entrepreneurship, both concepts are distinguishable. All new business ventures cannot be categorized as entrepreneurial in nature. Entrepreneurship is not a new phenomenon as people have been referring to entrepreneurs for hundreds of years. The word entrepreneur originates from the French that refers to someone who takes between or goes between. In early days, the term represented a middleman who used to direct the resources that are provided by others. During middle ages, entrepreneurs managed huge projects on the behalf of landowners or church, for instance, building a castle or cathedral. The concept became more complex with addition of

Understanding The Legal Systems Of The World Law Essay

Understanding The Legal Systems Of The World Law Essay I truly believe that our modern society needs Law. Laws are guidelines that set out appropriate behaviour, so we are required to follow this system of rules, in order to keep everything balanced and stabilized. Without the fulfillment of these desired tasks, man simply will become equal to animals or worse still, allow their darker sides to emerge and control their lives. Legal Systems of the World For this purpose every country has a certain system that the all citizens are required to obey: up to date there are about two hundred countries in the world and each of them makes its own Legal System that is based on certain characteristics and factors of the country. The Legal System consists of certain laws and rules that shape the citizens morality and behaviour in the society. There are many academic terms describing what legal system is but from my point of view the best one is the description by J.H Merryman: The three most widespread Legal Systems are: Continental Law Legal System, Common Law Legal System and Religious Law Legal System. Each of these legal systems is unique and has its own specific features and individual structure. Lets take a brief look on each system and see how systems differ from each other or discover their similarities. Common Law Legal System History, sources and structure The common law system prevails in Britain and its former colonies, including Australia, Canada, and the United States. Traditionally, the common law system, as the name implies, was governed not by a code, but by court-made law that developed incrementally over time. It is different from the civil-law system, which is introduced mostly in Europe and in areas colonized by France and Spain. The body of decisional law based largely on custom as declared by English judges after the Norman Conquest of 1066. The common law doctrine of following precedent, known as stare decisis remains an important component of both the English and American legal systems today. English common law was based primarily on custom, tradition, and precedent rather than a formal written legal code. Over centuries of experience, the common law became the major influence on the development of American criminal law both before and after the American Revolution. After the Revolution, the common law continued to be the basic law of most states. However, today almost all common law principles and rules have been enacted by legislative bodies into statutes with modern variations. ). One of the interesting characteristics of the system is that the common-law system allows judges to look to other jurisdictions or to draw upon past or present judicial experience for analogies to help in making a decision. T his flexibility allows common law to deal with changes that lead to unanticipated controversies. Civil Law Legal System History, sources and structure and developed in Continental Europe and around the world. It is divided into two branches: the codified Roman law and uncodified Roman law. The Differences and Similarities between the Legal Systems Common law and civil law legal systems share similar social objectives: individualism, liberalism and personal rights. A major difference between the civil law and common law is that priority in civil law is given to doctrine over jurisprudence, while the opposite is true in the common law: it finds in judge-made precedent the base of its law. The civil law doctrines function is to draw from cases the rules and the principles which will clarify and purge the subject of impure elements, and thus provide both the practice and the courts with a guide for the solution of particular cases in the future. The common law author focuses on fact patterns. He or she analyzes cases presenting similar but not identical facts, extracting from the specific rules, and then, through deduction, determines the often very narrow scope of each rule, and sometimes proposes new rules to cover facts that have not yet presented themselves. Common law jurisprudence sets out a new specific rule to a new specific set of facts and provides the principal source of law, while civil law jurisprudence applies general principles, and that jurisprudence is only a secondary source of law of explanation. Civil law judgments are written in a more formalistic style than common law judgments. Civil law decisions are indeed shorter than common law decisions, and are separated into two parts the reasons and the order. This is because civil law judges are especially trained in special schools created for the purpose, while common law judges are appointed from amongst practicing lawyers, without special training. The method of writing judgments is also different. Common law judgments extensively expose the facts, compare or distinguish them from the facts of previous cases, and decide the specific legal rule relevant to the present facts. Criminal Law and Civil Law Basic Information There are two branches of law: Criminal Law and Civil Law. That means that when a person breaks any law, he or she may be judged according to what branch of law it is. Criminal Law those laws for redressing public wrongs that injure society in general and Civil Law those laws for redressing private wrongs to individuals.  Civil law attempts to right a wrong, settle a dispute, or honor an agreement. The victim is being compensated by the person who is at fault, this becomes a legal alternative to, or civilized form of, revenge. Criminal law consists of two main branches substantive criminal law and procedural criminal law. Substantive criminal law prohibits certain forms of conduct by defining what acts constitute crimes and establishing the parameters of penalties. Procedural criminal law regulates the enforcement of the substantive criminal law, the determination of guilt, and the punishment of those found guilty of crimes. Criminal Procedure and Civil Procedure Criminal Procedure. The branch of the criminal law that deals with the processes by which crimes are investigated, prosecuted, and punished. Thus, procedural criminal law is the process followed by police and the courts in the apprehension and punishment of criminals from the filing of a complaint by a member of the public or the arrest of a suspect by the police, up to the time the defendant is sent to jail, or, if convicted, to prison. Civil litigation that deals with private disputes between parties is subject to the rules of civil litigation, sometimes referred to as civil procedure. Criminal cases, deals with acts that are offenses against society as a whole, such as murder and robbery, as subject to the rules for criminal law, and is also known as the rules of criminal procedure.

Pride And Prejudice :: essays research papers

Pride And Prejudice, Jane Austin Jane Austin was born in 1775 in Stevenson, Hampshire. Her family wasn’t rich but managed to give her a decent education. At fourteen she began to write little plays for home theatricals. She also wrote nonsense story’s to entertain her family. After her father’s retirement they moved to the town of Bath. She was writing First Impression, now called Pride and Prejudice but couldn’t get it published till 1813. Jane led a quiet life and never married. She died in 1817. She has written several novels: Sense and Sensibility(1811), Mansfield(1814), Emma(1816), Northanger Abbey(1818) and Persuasion(1818). Jane Austin published her novels anonymously. It wasn’t till the twentieth century that she became really famous. Jane used to write about love and money. WORK: Pride and Prejudice is the title of Jane Austin’s first novel. It deals with a very proud man and a woman that has too many prejudices. It isn’t before they both see that they are wrong that they can love each other. Pride and Prejudice is a romantic novel in which manners are very important. It’s been first published in 1813. My version: Blackbirds 1992 THEME: Idea’s and manners can be changed. I don’t know what else to make of it. It’s the only lesson I can find in the novel. I read because I enjoy it, not because I want to be taught life visions. STORYLINE: Title: Pride and Prejudice Author: Jane Austin [Chapter 1] Mrs. Bennet tells her husband, Mr. Bennet, to visit the new owner of Netherfield, Mr. Bingley. He is quite rich and he is single which makes him a wanted man with all the girls in the neighbourhood. Mr. Bennet tells her that he won’t be visiting him because he likes to fool around with her. Mrs. Bennet is thinking about their five daughters, Jane, Elizabeth, Mary, Catherine and Lydia. One of them might fall in love with this Mr. Bingley and that would suite her just fine. [Chapter 2] Mr. Bennet did visit Mr. Bingley, being one of the first. He didn’t tell his wife or his daughters about is till the evening after the visit. They were all over him, wanting to know everything about Bingley. His wife praised him to be such a good father and couldn’t stop telling him that she knew he would visit Bingley. [Chapter 3] The girls hear from their neighbour, Lady Lucas, what Mr. Bingley is like, for their father refused to tell them.

Ratio Analysis Essay

The aims and objectives of this report are to compare the two companies, Kingfisher Plc. and Home Retail Group Plc., using their annual report published for the year 2011. With the help of the financial statements, it will be possible to calculate different ratios that are relevant to the comparison between the two businesses. Through this comments can then be made on the performance of both companies for the year, stating some of the possible factors that could have made affected this. Comparison will be on a year-to-year basis and then between the two companies as a whole. When comparing two companies like Kingfisher and the Home Retail Group, there are a few limitations needed to be considered before this is possible. The first would be the different accounting policies that each corporation have chosen to adapt to their financial statements; this could be in regards of the depreciation or inventory valuation method used for the preparation of relevant statements. Another important point to note is that financial statements are based on historical information and therefore this would not be as objective to when we come to use them for the comparison. Expanding on this, the closing balances on the statement may make the ratios appear misleading when comparing the two companies for the period, i.e. seasonal sale boost; Christmas and New Year promotion. The main issue that should be considered is the date that they have published their account Kingfisher being 31st January 2011 and Home Retail Group at 28th February 2011. So it would not be possible to make a more accurate comparison, as the economic conditions may have changed for that one month Kingfisher did not trade. Although it would suggest comparing the two businesses is not ideal, the two companies are somewhat similar. Therefore this should make the approximation more accurate and thus the comparison more meaningful. Kingfisher PLC Kingfisher is a company that focuses on mainly offering its customers home improvements products for DIY and such likes. Its main retail brand in the UK is B&Q with a market share of 14% and they are currently top of the market. They are also making a respectable breakthrough in France with their brands, Castorama and Brico Depot taking 21% of the market share with the top place. Moreover they have expanded to Germany, Turkey, Spain, China, Poland and Russia

Privatization of the American penal system

Privatization of the American penal system Introduction The privatization of the penal system in the United State of America is understood as the transfer of the control of prison and prison-related services from the public sector to the private sector. It is the contracting of the private sector by the federal, state or local government to design, to build and to operate prison services and to run jail services.Advertising We will write a custom essay sample on Privatization of the American penal system specifically for you for only $16.05 $11/page Learn More Consequently, private companies may be contracted to provide services like counseling, medical care, food and the maintenance of public prisons and jails. The privatization of the prison system can be traced back to the days of convict lease system, which was practiced by the southern states during the period of reconstruction. This system of convict lease involved the leasing out of prisoners to serve as laborers under the supervision of priva te companies, which could take care of the housing, care and the security of the prisoners. The modern model of prison privatization is different from the ancient model. This is because federal, local, and state governments only contract private companies that are strictly regulated, and only those that are in the position to provide effective care and humane conditions for the prisoners (Joel, 1988). Among the companies that are major players in prison privatization are: Corrections Corporation of America (CCA): this is the oldest, and it operates over sixty private prisons and jails. The GEO group: this is the second largest after CCA, and it operates approximately 47 prison and jail facilities. Cornell Companies: This is also one of the major providers of penal privatization services. It provides such services as drug and substance abuse training, group and individual counseling, life support skills, and educational and vocational training. It places a lot of emphasis on rehabil itation. The USA largely relies on imprisonment as the best alternative to reducing prevalence of crimes. This over reliance on imprisonment is due to the high rates of crimes, public perception, and imprisonment as a political instrument, and miscalculated policies and laws. The rate of imprisonment in the USA is the highest in the world. This is primarily the reason for the demand for privatization of the penal system to relieve the government of the task to handle a large number of prisoners (Hartney, 2006). Debate on Privatization of American Penal System The USA has been acting tough on law breakers and criminal offenders. This has created a lot of problems necessitated by the shortage of prisons’ capacities to handle the pressure of numerous convicted offenders hence resulting in overcrowding, which demands operational outlays and public resistance on the costs incurred in managing prisons. This has prompted the privatization of the penal system to minimize these costs , and it has been actualized in almost half of the American states while others are considering passing legislations to make it operational. Privatization of the penal system is a subject of public debate and there are both opponents and proponents to the debate. In USA, it is the responsibility of the Federal Bureau of prisons to provide prison care and services to inmates. It is also charged with the responsibility of professionalizing prison services to ensure that there is a better administration of all prison operations.Advertising Looking for essay on criminal law? Let's see if we can help you! Get your first paper with 15% OFF Learn More The Bureau is responsible for the custody, rehabilitation and care of all inmates in USA. The activities and responsibilities of the Bureau of prisons have in the recent times been usurped by private companies which have been co-opted in the bid to privatize the America penal system (Federal Bureau of Prisons, 2011). M y Stand on the Debate: Opposing Privatization of Penal System I totally disagree with the privatization of the penal system in the United States of America. Though the traditional form of the privatization of the penal system relieves the states of the burden of taking care of the inmates, the financial benefits that are obtained from each convict as a payment for the labor services they provide can form part of state total revenue. First, there are several unanswered questions that have raised legal concerns regarding prison privatization. These have been particularly voiced in the state of New York where a lot of reservations regarding privatization of the penal system have been raised due to the fact that in the event that a private company is contracted to guard prisons or the jails, they may be out of context in the exercise of the state’s Taylors law that prohibits public employees from striking. Consequently, a private firm contracted to offer private prison and jail s ervices in Virginia referred as the Keefe Supply Company was sued for using prison labor when the law only permits prison labor to be used for government or civic duties; no court in the country has upheld that privatization of correctional services as unconstitutional. Further more there is an increased fear that the privatization of the penal system will be a perfect opportunity for unscrupulous companies to cut their costs by understaffing the prisons. This is due to the profit motive in their services. This has, however, been taken care of by the contracts which stipulate the particular targets for staffing whereby any private company that does not conform to the terms of the contract risk strong financial penalties (Zito, 2003). There is also concern about recidivism. It has been verified, through several researches, that prisoners in public prisons are less likely to repeat crimes as opposed to the prisoners who are in private prisons. Several jurisdictions consider the privat ization of the penal system as an uncertain venture. Privatization of the penal system is a bad phenomenon due to the fact that private prisons will tend to exploit prison labor for their own profit. There was a case, for example, where the Correctional Corporation of America (CCA) provided several work programs linked to local and national ventures in its state prisons. The prisoners were hired out to perform such tasks as bookbinding, manufacturing, packaging and repackaging, and furniture assembly.Advertising We will write a custom essay sample on Privatization of the American penal system specifically for you for only $16.05 $11/page Learn More This happened in an arrangement between CCA and a third party company which was permitted to operate its activities inside the prison walls. This was against the principle that only permits prison labor to be used by government and Non-Governmental organization and not by any other entity. Such activities by priv ate companies can amount to the misuse of prison labor. There is also skepticism regarding whether or not privatization of the penal system will reduce state, federal, or local government spending. There are also reservations as to whether the prison officers in private prisons have adequate training and whether they can effectively manage the institutions. According to the opponents of privatization, other than opting for privatization of the penal system to avoid overcrowding, overcrowding can be avoided by reducing the penal population. There are also concerns about ethical implications of allowing private companies or organizations that are profit oriented to administer punishment to criminals. Based on the argument by criminologists Michael Reisig and Travis Pratt that central to the debate on the private prison management is the relationship between the state and the citizens concerning how the convicted criminals should be treated; leaving private individuals to punish offend ers therefore lacks meaning, and it is ethically wrong. Consequently, there are ethical issues underlying the business conduct of private companies on how they are be motivated to offer basic and standardized care to the prisoners when their operations are motivated by profit. There have been some arguments and reservations that privatization of the penal system will lead to harsh punishments and sentences for the prisoners. The bottom line is that for a private firm to be profitable, it should be filled in order to maximize on space and facilities (Bosworth, 2002). Furthermore, privately operated prisons have been found to be more expensive than the publicly funded ones. This is against the notion that made states to believe that private prisons can save money.Advertising Looking for essay on criminal law? Let's see if we can help you! Get your first paper with 15% OFF Learn More This notion was proved wrong based on the study and data in Arizona, which concluded that privately operated prisons were expensive to operate than public ones and contracting prison services was likely to cost the tax payer a lot of money. It has also been established that private prisoners only house the healthy prisoners who are cheap to maintain, and they leave the expensive prisoners for the public prisons to maintain (Oppel, 2011). There have been many managerial problems that have been experienced with the privatized prisons. These problems emanate from poor drafting of contracts, limited oversight by contracting agencies and the transfer of inmates with categorization bias requirements in the case where the private prisons may lack enough resources and capabilities to provide for the inmates. Consequently, there may be few companies that are willing to provide privatized prison services hence the government may not obtain the value for its money. Last, I oppose the privatiza tion of the American penal system because there are particular responsibilities that the government is obliged to meet like the safety of the public and the protection of the environment. This, therefore, implies that the provision of prison and incarceration services is the political, social and moral duty of the government. Privatization of the penal system, therefore, will mean that there will be a constitutional competition between the private and the public matters that surround discipline, deprivation of liberty and upholding the constitutional rights of the prisoners. Privatization, may also lead to related issues like of use force and segregation (Austin Coventry, 2001). Conclusion Despite my opposition to the privatization of the American penal system and despite many concerns that are linked to prison privatization, the present trends indicate that intensification of prison privatization is increasing. This is despite the initiatives like FAIR Act enacted during bush admi nistration, which established the requisite quotas for privatization. Privatization does not, however, mean that the government absolutely abandons its responsibility since it will still be the province of the government to identify inmates to be placed under the privatization program; consequently, it is the government that selects the prison facility and the company to be contracted out, and it is the government which oversees and supervises the terms of the contract and ensures that they are followed to the letter, and furthermore, that the government evaluates the performance and progress of the contract. References Austin, J Coventry, G. (2001). Emerging Issues on privatized Prisons. National Criminal Justice Reference Services. Retrieved from: www.ncjrs.gov/pdffiles1/bja/181249.pdf Bosworth, M. (2002). The U.S. federal prison. New York, NY: SAGE. Federal Bureau of Prisons. (2011). About the Bureau of Prisons. Bureau of Prisons. Retrieved from: bop.gov/about/index.jsp Hartney, C. (2006). US Rates of Incarceration: A Global Perspective. The National Council on Crime and Delinquency. Retrieved from: nccd-crc.org/nccd/pubs/2006nov_factsheet_incarceration.pdf Joel, D. (1988). A Guide to Prison Privatization. Heritage Organization. Retrieved from: heritage.org/research/reports/1988/05/bg650-a-guide-to-prison-privatization Oppel, R. (2011, May 18). Private Prisons Found to Offer Little in Savings. New York Times. Retrieved from: nytimes.com/2011/05/19/us/19prisons.html?_r=2pagewanted=all Zito, M. (2003). Prison Privatization: Past and Present. International Foundation for Protection Officers. Retrieved from: ifpo.org/articlebank/prison_privatization.html

Tax Deduction in Repairs Essays

Tax Deduction in Repairs Essays Tax Deduction in Repairs Essay Tax Deduction in Repairs Essay Tax Deduction in Repairs Name: Institution: Tax Deduction in Repairs A) Although it is a question of degree whether a repair to plant is on capital or revenue account, every repair must improve the nature of the asset Expenditure can be deducted for repairs to premises that are used in the process of generating assessable income (section 25.10 under ITAA97). If the premises are also used for other purposes, then deduction should be of a reasonable amount. Deductions cannot be made for capital expenditure. The key issue in this case is whether repairs are included under the capital account or the revenue account. Including repairs under a capital account would mean that they are not deductible. If they are included in the revenue account, they are deductible. All expenditure in a business must be designated as either capital or revenue. To establish this, the effect of the expenditure on the business’s outlay is checked. If the expenditure has an enhanced effect on the outlay of the business, then it is capital expenditure. If the expenditure simply allows the business to continue operating at its current level, then it is revenue (Marriot, Edwards Mellett, 2001). Repairs must also be allocated to either the capital account or the revenue account. This designation to either account is what determines whether the repairs will be deductible or not. When looking to see if a repair is deductible, several criteria must be met. These criteria determine whether repairs will be capitalized or not. It is crucial to outline which repairs are capitalized which ones are not. Any repairs that are made to improve or alter the property are capitalized. This is because they enhance the outlay of the business. This also includes any repairs made in the process of renovating the business premises. Capitalization means that the repairs are included in the capital account as opposed to the revenue account. Such repairs are not deductible (Marriot, Edwards Mellett, 2001). Other repairs do not have any impact on the outlay of a business. For instance, upgrading a computer’s software would help it run better but repairing damaged hardware will only help it run, as it should be. Such a repair does not improve the business’s outlay; it only reinstates it to the standard level. Repairs resulting from wear and tear would be included in this category as routine day-to-day repairs. Once included in the revenue account, these repairs become deductible. The IRS provides further clarification on this. It states that a repair can only be considered deductible if it keeps your property in â€Å"a normal efficient operating condition†. If a repair meets that condition, it is considered a business expense and goes into the revenue account. Alternatively, if the repairs are part of a reconditioning plan aimed at making your property more apt for your business, then they are capitalized. This includes reconditioning, improving or altering your property (Internal Revenue Service [IRS], 2013). Section 8.1 of ITAA97 also has clarification on the issue of deductible repairs. The section states that deductions cannot be made for losses of a private or capital nature. Additionally, deductions cannot be made if the repairs are made to property or premises that are used to generate exempt income. Repairs that are capitalized can be considered the same as the losses of a capital nature. The exemptions in section 8.1 therefore go hand in hand with stipulations made by the IRS. B) Deductible repairs Section 8-1 under ITAA97 on general deductions states that, a person can deduct from their assessable income any loss or outgoing so long as it was incurred in the process of generating assessable income, and also if it was incurred in the process of conducting a business with the aim of generating an assessable income. There are several exceptions to this. Deductions cannot be made for loss of a capital nature or a private nature. In addition, deductions cannot be made if the loss was incurred in the process of generating exempt income. Another exemption is that deductions do not apply for capital expenditure. Capital expenditure refers to â€Å"all capitalized costs during the year for both new and used structures and equipment chargeable to fixed asset account† (U.S. Dept of Commerce, 1992, p. 2). When applied to structures, capital expenditure would refer to all the costs that are incurred in the acquisition, construction and preparation of a building or structure for its intended use. In Kieran’s case, capital expenditure is seen in the improvements that he made to the premises. The cost of adding walls and doors to create offices and the cost of repainting the walls is considered capital expenditure. These expenses are therefore not deductible. Capital improvements are any costs that add to the utility of a business for more than one accounting period (Eisen, 2007). It is usually considered that, without the improvement, the use of the asset will be limited. These expenses are usually capitalized, meaning that they are attached to the initial cost of the asset. Capital improvements are, therefore, a part of capital expenditure (Eisen, 2007). In Kieran’s case, the upgrades that were made to the computer systems fell under capital improvements and, by extension, capital expenditure. These upgrades are therefore not deductible as repairs. The office party that Kieran held could be considered an entertainment expense. The rules on entertainment expenses state that these expenses can cover clients, customers, suppliers and even employees (Fishman, 2013). In Kieran’s case, it is likely that he was entertaining employees. However, the expenses he listed were not for the actual party but damages to the premises because of the party. According to Fishman, one is not allowed to deduct expenses for the use of an entertainment facility including the costs of depreciation (2013). Kieran’s office was the entertainment facility and therefore, any repairs to damage from the party are not deductible. On the rent that Kieran paid, the IRS states that rent can be deducted as an expense, but only if the rent is for property used in business (IRS, 2013). The rent that Kieran paid for his office space qualified for deduction because he used the premises for his debt collection business. This business generated his assessable income. Additionally, the rent did not qualify for any of the exemptions stated by the IRS such as unreasonable rent. However, this rent does not qualify for deduction as a repair. It qualifies only because of being rent. Lastly, Kieran made two other repairs. He spent $900 repairing the computer and used $360 to replace the taps in the kitchen sink. These repairs fall well within the conditions stipulated in section 25.10. They were made to the property that Kieran used to generated assessable income. Additionally, they did not qualify for any of the exemptions stated under section 8.1. Therefore, the only amounts that Kieran could claim as a deduction for repairs were the $360 used to replace the taps in the kitchen and the $900 used to repair the computer systems. References Eisen, P. J. (2007). Accounting. Hauppauge, N.Y: Barron’s Educational Series. Fishman, S. (2013). Tax deductions for professionals. Berkeley, Calif: Nolo Marriott, P., Edwards, J. R., Mellett, H. J. (2001). Introduction to accounting. London: Sage Publications Ltd United States. (1992). Annual capital expenditures. Washington, DC: U.S. Dept. of Commerce, Economics and Statistics Administration, Bureau of the Census Internal revenue Service. 2013, March 4. Business expenses. Retrieved from www.irs.gov/pub/irspdf/p535.pdf

Understanding advertising media Essay Example | Topics and Well Written Essays - 1000 words

Understanding advertising media - Essay Example A small conclusion follows at the end of the paper as a summary to the detailed discussion.Internet defines a small network provided that the 'i' is not capitalized. "The Internet" however, defines the Internet of internets and is the immense global network spread all over the globe. A formal definition can be summarized as "a global networks that links thousands of computers by data lines and wireless systems".According to the Wikipedia web site the predecessor of the Internet is called "ARPAnet" (Advanced Research Projects Agency Network), and was originally employed as one can easily conclude for military purposes by the U.S in 1969. The Internet catalyst today, the core of the Internet in other words, is the NFS (National Science Foundation).Even though the Internet provides a lot more services other than those known to the wider audience such as Telnet and FTP, the paper focuses to the advertising medium of the Internet, namely the WWW (WorldWide Web). The WWW is a hypermedia in formation system that links computer-based resources around the world. That is includes a lot more than the familiar to most of us microcomputers, namely servers and mainframes and other sharing resources or intangible resources liek database systems that reside in the electronic mediums we are familiar with. Such resources become available to us through the web browsers. Browsers enable words or icon to display text, video, graphics and sounds on computer screen. The most famous browser to most of us is more likely the Internet Explorer but others like Opera and Mozilla have been catching up in popularity. 90% of the users and using the Internet for email exchange and 77% and 69% for general information and surfing respectively. 46% only are using it for their work and 27% and 26% for stocks' quotes and job searching respectively. Trading and banking are low in the pyramid with 12% and 7% respectively. Apparently the Internet has not become integrated to every day activities yet and its potential remains unknown to the wider public possibly due to ignorance or fear due to inexperience with its working and safety mechanisms. The Internet facilities are mostly used by higher education level persons, at a younger age of 18,5 and high level income. Details of Internet users' activities can be viewed at the Stanford University Web Site at Advertising Format Advertising techniques employed are the banners displayed on web pages, the key words entered in search engines, sponsors for web sites and emails send to users, and viral marketing with the use of email addresses a person acquires through the recipient lines of an email. Other common techniques include mobile marketing and a variation like PPS, Kiosk and Podcasts. The most famous search engine is inarguably Google. With ongoing update on any moment, the Google web site enables chat with MSN, AOL, and Yahoo instant essaging system without any program or Java applet. Banner rates are set on 5 CPM. The second most popular search engine is Yahoo! with ongoing frequency at any moment that does not charge the customers, while more than 80% of users reach UK Online consumers through partners including: MSN, Yahoo, Lycos, AltaVista and others. There are of course of rates for this service. Another advertising technique has found applicability through the most popular chat client program. MSN Messenger

Law Relating to Payment and Trade Finance Essay

Law Relating to Payment and Trade Finance - Essay Example Hitherto, investors and other traders who wanted to do cross border or international trading (import and export) had to go through stringent bureaucracies and processes that killed the enthusiasm of most of such investors and traders. Today, the situation is quite different as a lot more people are gaining the interest to go into international trading. The need to make cross border trade and commerce as flexible as possible not withstanding, there are certain basic regulations that remain unchanged and would perhaps remain unchanged for a very long time. One of such regulations is the mode of international trade financing and payment. Though the processes are not as stressful as before, international traders are still required to follow basic international trade financing systems that are governed by law. This write-up therefore seeks to examine the role of some of the most common international trade financing and payment methods in addressing the currency global credit crisis. What is international trade finance and payment? Organisation such as the International Monetary Fund and World Trade Organisation have devised laid down procedures and structures that need to be followed whenever trade and business transactions have to take place across borders. Such trade that take place across borders are referred to as international trade whereas the funding or financing of all forms of products, good and services that are involved in such international trades are referred to as international trade finance or simply put, trade finance. According to the Business Money (2011), â€Å"Trade Finance is the science that describes the management of money, banking, credit, investments and assets for international trade transactions.† This means that the financing of trade across borders is just more than giving out monies for goods that one wants to buy. Rather it reaches an extent where the entire process is described as management. Instead of just giving out money t o pay for goods and products, one has to device means and follow processes that ensure that the money is managed by taking the payment process through a couple of processes, involving institutions such as banks and insurance. It is therefore in the right direction that the Investopedia (2009) notes that â€Å"trade finance looks at banks, credit agencies, insurers, forfaiters, and any other person or institution who enables importers and exporters to trade across borders.† Discussion on the present Global Credit Crisis Closely related to the issue of international trade finance is the availability and access to flexible credit. This is because as mentioned already, trade finance goes beyond paying money in hand to a company to including the involvement of institutions such as banks and insurances. This means that issues on credit plays an important role on the success of world trade finance. However, it is common knowledge that the world has in times past suffered and even to day suffers from credit crisis that is not limited to any one country but the world as a whole. Broadly speaking, when a particular nation suffers a breakdown with its credit system, we say credit crisis has hit that country but when the situation expands to include almost all nations of the world – especially the giants like America, China and Germany, we say that there is a global credit crisis. Greewood (2011) explains that global credit cri