Write the difintion Essay Example | Topics and Well Written Essays - 250 words

Compose the difintion - Essay Example It includes a nearby investment of assorted partners who functions as a group, thus disentanglement of the unpredictable undertaking. The group may incorporate instructors, understudies, authorities from various subjects and schedule facilitators. The group adds to progress of specialized ability and skill to accomplish the educational program objectives and goals. Basically, it is a sound and economical technique for educational plan advancement. Developmental assessment happens during the conveyance of a specific course content. Instructors do a developmental assessment so as to decide how much understudies know and have the option to alter the instructional strategies. Developmental assessment features the viewpoints that need accentuation, just as the shortcomings and the qualities of understudies. Besides, the educational plan developmental assessment does screen and assess the inadequacies present in any current educational program for future improvement. Summative assessment happens toward the finish of a course. Instructors utilize summative evaluation in deciding if the course goals have been accomplished. They center around the learning results displayed by understudies. Summative assessment might be as the last undertaking or end of semester tests. The methodology is additionally valuable in educational program advancement, by means of utilization of surveys, testing or perceptions to test the convenience of the

Mark and Spencer Strategy Essay Example | Topics and Well Written Essays - 2250 words

Porter’s Five Forces Model Essay Porter’s five powers model aides in getting to where the force lies in a business circumstance. Porter’s Model is really a business methodology device that helps in investigating the appeal in an industry structure. It let you get to current quality of your serious position and the quality of the position that you are wanting to achieve. Doormen Model is viewed as a significant piece of arranging device set. When you’re clear about where the force lies, you can exploit your qualities and can improve the shortcomings and can contend productively and viably. Doormen model of serious powers accept that there are five serious powers that recognizes the serious force in a business circumstance. These five serious powers distinguished by the Michael Porter are: 1. Danger of substitute items 2. Danger of new contestants 3. Extraordinary competition among existing players 4. Dealing intensity of providers 5. Dealing intensity of Buyers 1. Danger of substitute items Danger of substitute items implies how effectively your clients can change to your rivals item. Danger of substitute is high when: * There are many substitute items accessible * Customer can undoubtedly discover the item or administration that you’re offering at the equivalent or less cost * Quality of the competitors’ item is better * Substitute item is by an organization acquiring high benefits so can lessen costs to the most reduced level. In the previously mentioned circumstances, Customer can without much of a stretch change to substitute items. So substitutes are a danger to your organization. When there are genuine and potential substitute items accessible at that point fragment is ugly. Benefits and costs are affected by substitutes along these lines, there is have to intently screen value patterns. In substitute businesses, on the off chance that opposition rises or innovation modernizes, at that point costs and benefits decay. 2. Danger of new contestants Another passage of a contender into your market likewise debilitates your capacity. Danger of new section relies on passage and leave boundaries. Danger of new section is high when: * Capital prerequisites to begin the business are less * Few economies of scale are set up * Customers can without much of a stretch switch (low exchanging cost) * Your key innovation isn't difficult to get or isn’t ensured well * Your item isn't separated There is variety in appeal of fragment contingent on passage and leave obstructions. That section is increasingly appealing which has high passage hindrances and low leave boundaries. Some new firms go into industry and low performing organizations leave the market without any problem. At the point when both section and leave obstructions are high at that point net revenue is additionally high however organizations face more hazard since terrible showing organizations remain in and battle it out. At the point when these boundaries are low at that point firms effectively enter and leave the business, benefit is low. The most exceedingly awful condition is when section boundaries are low and leave hindrances are high then in great occasions firms enter and it become hard to exit in terrible occasions. 3. Industry Rivalry Industry contention mean the force of rivalry among the current rivals in the market. Power of contention relies upon the quantity of contenders and their abilities. Industry contention is high when: * There are number of little or equivalent contenders and less when there’s a reasonable market pioneer. * Customers have low exchanging costs * Industry is developing * Exit boundaries are high and adversaries remain and contend * Fixed expense are high coming about immense creation and decrease in costs These circumstances make the purposes behind publicizing wars, cost wars, adjustments, at last costs increment and it is hard to contend. 4. Dealing intensity of providers Dealing Power of provider implies how solid is the situation of a merchant. How much your provider have authority over expanding the Price ofâ supplies. Providers are all the more impressive when * Suppliers are focused and efficient * a couple of substitutes accessible to provisions * Their item is best or novel * Switching cost, starting with one providers then onto the next, is high * You are not a significant client to Supplier At the point when providers have more authority over provisions and its costs that fragment is less appealing. It is most ideal approach to make win-win connection with providers. It’s smart thought to have multi-wellsprings of flexibly. 5. Haggling intensity of Buyers Haggling Power of Buyers implies, How much control the purchasers need to drive down your items cost, Can they cooperate in requesting enormous volumes. Purchasers have all the more bartering power when: * Few purchasers pursuing such a large number of products * Buyer buys in mass amounts * Product isn't separated * Buyer’s cost of changing to a competitors’ item is low * Shopping cost is low * Buyers are value delicate * Credible Threat of coordination Buyer’s bartering force might be let somewhere around offering separated item. In the event that you’re serving a couple yet immense amount requesting purchasers, at that point they have the ability to direct you. Michael Porters five powers model gives valuable contribution to SWOT Analysis and is considered as a solid apparatus for industry serious investigation.

Modern Warfare Essay Example | Topics and Well Written Essays - 750 words

Present day Warfare - Essay Example There doesn't appear to be the romanticized thought of nationalism so frequently proclaimed by creators inside the common laborers. This is particularly so as for the Vietnam war. In the draft during the Vietnam War, the working class were nearly secured. Vietnam was progressively restricted, and the military was resolved to channel average and even white collar class youth away from battle (Appy 1993). Undoubtedly, it has generally been the average workers that have been persuaded that their subjugation would profit them when in actuality the advantage tumbled to the higher classes. Guarantees, for example, pardoned understudy credits, GI Bills, clinical protection, a ten thousand dollar join extra, guarantees of preparing that will prompt promising non military personnel professions and a large number of different advantages appear as though a marvel for a gathering of individuals who are not financially presented to such appearing extravagances. Reliably, the average workers, effectively a gathering familiar with taking requests is exploited. The Cold War saw diggers in Canada loosing their occupations with no advantages. From the outset, excavators were urged to resign with the presentation of advantage bundles. Anyway as time advanced, excavators who were on the edge of retirement needed to actually hold tight with expectations of accepting their full support agreement. Mines were working at far not exactly a multi day week. There was additionally a drop in the need of railroad steam coal. World War I found the passage of ladies into the work power. While not at fight, ladies were in activity making garments, sending supplies and as yet supporting their families. In this way financially, the average workers ladies had the option to add to their monetary condition. During the time between World War I and World War II, there was lost markets for what is viewed as staple ventures. These enterprises included coal, iron, steel, transport making and materials. This misfortune joined with innovative advances which took into consideration increments underway finished in the loss of over a million occupations for the average workers. The touted gains from these two wars did nothing to demulcent the enduring of the average workers. In the Iraq war, which despite everything looms, stop-misfortune (the act of singularly broadening a soilder's stay in their station) has been reliably maintained in the courts. Regular workers fighters have seen that agreements are totally insignificant in their military and non military personnel world. Maybe this is the reason there isn't so much stun when a stop-misfortune strategy is pulled against them. All things considered, at home in regular citizen life, most common laborers representatives must place in their compulsory extra time hours or they chance loosing their occupations. Reasonableness and guarantees are not ideas that the common laborers are familiar with in either their military or non military personnel jobs. Further, the common laborers individuals neglect to perceive any of the advantages that they are guaranteed. Veterans reliably observe reductions in their advantages. A great many outrages brings about uncovering the express absence of care or sympathy that veterans get. This is likewise so for joblessness in the average workers. The New Deal Era brought numerous projects, for example, joblessness. In any case, as the economy currently stands, inappropriately

The payment system of India and the relevant legislation - Free Essay Example

Introduction The development of a country depends upon the financial stability of that country. The government or central authority of country formulates the schemes which can work efficiently and adequately for the proper functioning of the financial sector of a country. The financial sector of India has undergone drastic change in the last two decades. Payment plays a vital role in the financial sector and it is considered as indispensable part in everyday transactions. A payment system is a mechanism that facilitates transfer of value between a payer and a beneficiary by which the payer discharges the payment obligations to the beneficiary.[1] The payment and settlement system serve as a backbone of financial system of a country.[2] Payment increases the GDP of the country therefore the payment system of country should be safe, secure, efficient and accessible. A safe and efficient payment and settlement system is sine qua non for the proper functioning of the financial system and it also plays an important role in the implementation of monetary policy as they provide conduit through which policy signals are transmitted.[3] Generally the central bank of any country works for the development of national payment system. The Reserve Bank of India (RBI), like other central banks, has been endeavoring to develop the payment and sett lement system in India on a safe, sound, secure and efficient basis.[4] The Indian payment system is based on the paper- transaction but with the changing time the situation has changed. An alternative method of payment has been encouraged by reserve Bank of India which will make the process of banking system easier and bring safety, security and efficiency in the payment system. With the efforts of the Reserve Bank of India, the Indian banking sector has been progressing and trying to adopt and implement electronic payment to enhance the banking system.[5] The Reserve Bank of India has introduced Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) and National Electronic Clearing Services which facilitates customer to adopt electronic method of payment. It is confirmed by the survey that use of electronic method of payment has increased over a period of time. The reason behind this is advancement in the technology, increasing awareness among the consu mers and internet accessibility. The Reserve Bank of India has played pivotal role in the implementation of electronic payment system. The payment and settlement system works efficiently and smoothly if is maintained by a sound legal framework. The major step in this direction is the enactment of the Payment and Settlement Act of 2007. The payment and Settlement Act, 2007 was declared in 2007 but came into effect on August 12, 2008. The Act authorizes Reserve Bank of India to regulate and supervise the payment system in India. In India, the payment and settlement system is regulated by the Payment and Settlement Act of 2007. History Of The Legislation The Payment and Settlement draft Bill was prepared in 2002 under the chairmanship of Dr. RH Patil. The committee was formed by the Reserve Bank of India to examine the various aspects of the payment system related to the legal basis of the system. The terms of reference of the committee set up by the Reserve Bank of India were as follows:- [6] à ¢Ã¢â€š ¬Ã…“To examine the adequacy of legal basis for payment system; To suggest appropriate legislative changes for regulation of payment systems; To suggest an administrative set-up within the bank for administering regulation and supervision of payment systems; Any other related matter.à ¢Ã¢â€š ¬Ã‚ [7] Finally the R H Patil committee examines the Payment and Settlement Systems Bill prepared by the Task Force on legal issues of the National Payment Council to proffer advice on matters relating to payment systems. [8] The Payment and Settlement bill was composed in 2002 but it was introduced in the Parliament in 2006. The Act came into the declaration in December by receiving the assent of the President and finally it is enforced on August 12, 2008. Payment And Settlement Act 2007 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Critical Study The Act constitute of the eight chapters and thirty- eight sections. Two regulations have been notified by the Reserve Bank of India in 2008 under the Payment and Settlement Act. These regulation are;- Board for Regulation and Supervision of Payment and Settlement System Regulations 2008 (BPSS). Payment and Settlement Systems Regulations (2008).[9] The BPSS Regulation cover: Composition of the Board; Functions and powers of the Board; Powers to be exercised on behalf of the Board; Constitution of sub- committees. Settlement System Regulations cover the following: Authorization of payment systems including submission of application for authorization for commencing or carrying on a payment systems, grant of authorization certificates, certificate formats, etc.; Payment instructions and determination of standards; Furnishing of returns, documents and other information; Furnishing of audited balance sheets, etc.[10] Objective Behind The Payment And Settlement Act The payment and settlement system considered to be the backbone of the financial sector of our country. Gradually the financial sector has been progressing and has undergone change in the payment transfer from paper- based clearing to the Real Time Gross Settlement. The electronic payment system is developed to facilitates non- cash mode of payment. There are several retail payment system operated in India like manual paper-based clearing, Electronic Fund Transfer System, card-based system, MICR Clearing etc. The Reserve Bank of India operates and manages the paper- based cheque processing across India at four places which includes Delhi, Mumbai, Chennai and Kolkata. In addition to these places it is managed by twelve centers which are operated by public sector under the supervision of the Reserve Bank of India. The other centers involved are the clearing house, which are voluntary bodies of bank who get involved expressly to for t he purpose of clearing payment system and following the instruction given by the Reserve Bank of India. The Electronic Transfer System is defined under the Payment and Settlement Act as à ¢Ã¢â€š ¬Ã…“Electronic Fund Transfer (EFT) is a system whereby anyone who wants to make payment to another person/company, etc., can approach his bank and make cash payment or give instructions/authorization to transfer funds directly from his own account to bank account of the receiver/beneficiary. Complete details such as the receivers name, bank account number, account type (savings or current account), bank name, city, branch name, etc., should be furnished to the bank at the time of requesting for such transfers so that the amount reaches the beneficiaries account correctly and faster. RBI is the service provider for EFT.à ¢Ã¢â€š ¬Ã‚ [11] The Real Time Gross Settlement System (RTGS) for the large à ¢Ã¢â€š ¬Ã¢â‚¬Å" value payment system is operated by the Reserve Bank of India. The Ca rd Based System is not operated by the Reserve Bank of India but it is indirectly operated and regulated by the card issuing bank. Under the section 58(2)(p) of the Reserve Bank of India Act of 1934, the Central Board of Directors Of the Reserve Bank of India is authorized to prepare regulations for clearing house of banks. Therefore because of the above mentioned reasons and the pivotal role played by the Reserve Bank of India it was proposed that there should be some legislation which will empower the Reserve Bank of India to act as a designating authority and to bestowed with the following powers and functions; It is the responsibility to RBI to check the payment and settlement system across the country including card companies, Clearing Corporation of India etc. The RBI should lay down the procedure for authorization of payment system and also for the revocation of the payment system. The RBI should give directions and guidelines to system providers. The RBI should maintain operational and technical standards for payment system. To call for information and furnish returns and documents from the service providers. To audit and inspect the systems and premises of the system providers To make legislation for carrying out the provision of the proposed legislation To impose fines and penalties for not providing information or documents or wrongfully disclosing information, etc.[12] Finally the Bill was passed by the Parliament seeking to achieve above mentioned objects. Designated Authority And Its Committee Chapter 2 of the Act contains the section 3 which deals with authorities designated by this Act. Under this section, the Payment and settlement Act designates the Reserve Bank of India as the authority for the supervision and regulation of payment system. It also provides for the constitution of the committee of the Central Board of Directors of the Reserve Bank of India. Board For Regulation And Supervision Of Payment And Settlement System (BPSS) The board for regulation and supervision of payment and settlement system is constituted under the section 3(2) of the Act for the regulation and supervision of the payment system. The board constituted shall consist of the following members; Governor, Reserve Bank, who shall be the chairperson of the board; Deputy Governors, Reserve Bank, out of whom the Deputy Governor who is in- charge of the Payment and Settlement System, shall be the Vice- President of the Board; Not exceeding three Directors from the Central Board of the Reserve Bank of India to be nominated by the governor, Reserve Bank.[13] Powers and functions of the Board:- Board should lay down the policies for the regulation and supervision of the payment and settlement system. Board should lay down the standards for existing as well as for the future payment and settlement system. The authorization of payment and settlement system. The board to decide the criteria for membership of payment and settlement system. Board to examine the rule and regulations framed under any statutes for giving direction from time to time. Board should take major and effective steps for proper regulation and supervision of the payment and settlement system. The board should create the essential administering structure within the existing rules and regulations for effective regulation and supervision of the payment and settlement system. The BPSS meets regularly and gives direction for bringing in efficiency, safety and customer convenience in the payment and settlement systems. There are several areas in which BPSS has provided direction such as; preparation of a framework for payment through mobile phones, extension of the jurisdiction of magnetic ink character recognition (MICR), clearing house and computerization of non- MICR clearing houses, launching the Indo- Nepal remittance system, making use of electronic mode of payment mandatory for large value transaction, making all RTGS branches NEFT enabled- while upgrading the NEFT system into a round- the à ¢Ã¢â€š ¬Ã¢â‚¬Å" clock type remittance system, exploring the feasibility of of developing a domestic card to inject competition in the market in a non- discriminatory manner, facilitating optimum use of ATMà ¢Ã¢â€š ¬Ã¢â€ž ¢s by cash withdrawal.[14] Authorization Of Payment System Chapter 3 deals with the authorization of payment system. Section 4 of the Act states that no person can operates the payment system without obtaining authorization from Reserve Bank of India. Under the Act the RBI is empowered to act as designating authority to regulates and supervise the payment system. Section 4 conveys that person can operates the payment and settlement system after obtaining authorization from the RBI. The Reserve Bank of India can authorizes a person to operate or regulate the existing houses or new clearing houses of banks in order to have a common retail clearing house throughout the country.[15] Under section 5 of the Act person who wants to operate the payment system can apply for authorization. The application for the authorization should be [1] M.L. Tannan, Tannanà ¢Ã¢â€š ¬Ã¢â€ž ¢s Banking Law And Practice In India 354 (25th ed. Lexis Nexis Butterworths Wadhwa 2012) [2] M.A. Rashid, Law Relating To Electronic Transfer Of Money 11 (1st ed. Lexis Nexis Butterworths Wadhwa 2010) [3] N.S. Toor, Handbook Of Banking Information 58 (31st ed. Skylark Publications 2010) [4] M.L. Tannan, Tannanà ¢Ã¢â€š ¬Ã¢â€ž ¢s Banking Law And Practice In India 355 (25th ed. Lexis Nexis Butterworths Wadhwa 2012) [5] Ibid [6] M.A. Rashid, Law Relating To Electronic Transfer Of Money 11 (1st ed. Lexis Nexis Butterworths Wadhwa 2010) [7] Ibid [8] N.S. Toor, Handbook Of Banking Information 58 (31st ed. Skylark Publications 2010) [9] supra note 6 [10] Ibid [11] Payment and Settlement Act, 2007 2(c) [12] supra note 2 [13] Payment and Settlement Act of 2007 3(2). [14] M.L. Tannan, Tannanà ¢Ã¢â€š ¬Ã¢â€ž ¢s Banking Law And Practice In India 354 (25th ed. Lexis Nexis Butterworths Wadhwa 2012) [15] Payment a nd Settlement Act of 2007 4(2)

Attempts To Change Electoral College System - Free Essay Example

Sample details Pages: 5 Words: 1531 Downloads: 9 Date added: 2019/06/13 Category Politics Essay Level High school Topics: Electoral College Essay Did you like this example? The preamble to the Constitution of the United States begins with the recognizable phrase, We the people, implying that the form of government laid out in the constitution will be representative of the peoplers will. The formation of the Electoral College in Article II, Section 1, leads to the conclusion that this may only indirectly be the case. The establishment of the Electoral College was the result of compromise as the members of the Constitutional Convention struggled to determine how the President would be elected. While some Founders called for a popular vote, most were at best, reluctant Democrats (Jillson pg. 21). Many did not believe that the common people capable of making the best choice for such an important office in the newly formed government. The Brearley Committee was formed to resolve how the President would be elected. The Brearley Committee proposed that an Electoral College be formed to vote for the President. To balance the interests of large and small states, the Electoral college would give one electoral vote to each state for the for each of the members that state has in Congress. A simple majority would decide the victor. Don’t waste time! Our writers will create an original "Attempts To Change Electoral College System" essay for you Create order The original proposal provided that the Senate, in which state representation was equal would select the President from the top five candidates should the Electoral College not reach a majority. When objections that the addition of this power to the Senate made it resemble the aristocracy of Great Britain that America had revolted against, it was decided that the final vote would be made by the House. While the Constitution establishes the Electoral College the states are free to determine the manner in which electors are appointed. There are currently 538 electors in the Electoral College, one for each member of the House of Representatives and the Senate, as well as three who are designated for the District of Columbia. The three additional votes for the District of Columbia were added in 1961 with the ratification of the 23rd Amendment. Despite its name, the electoral college is not a place. (What is the Electoral College,2018). Instead, it is a method that the founding fathers created as a compromise between those who believed that the president should be elected by Congress and those who believed the president should be elected by a popular vote. Many people tend to forget that the Electoral College was created to ensure fairness and is written into the constitution, often misunderstanding what it can and cannot do. To put things into perspective: a voter in Wyoming has over three times as much power in the Electoral College as a voter in California. For every 134,783 people, they get one electoral college vote, while in California 1 vote represents 410,647 people. California has 55 total votes in the the college but in a winner takes all system if 22 electoral college goes to Republican and the rest to Democrat, the staters electoral votes are all Democrat. However, the Electoral College did not always work fairly or in the way, it was meant to. For most of the course of American history, the Electoral College has reflected the views of the populous and the Electoral College results have matched the popular vote. There have been seven instances when the Electoral College either did not produce a majority winner, did not agree with the popular vote or produced an otherwise disputed result. In the election of 1796 electors voted for two candidates without differentiating between the office of President and Vice-President. The candidate who received the majority of electoral votes became the President and the candidate with the next highest number of votes became Vice-President. This election resulted in John Adams becoming President and Thomas Jefferson who ran against him becoming Vice-President. Problems began to arise in elections, most notably in the elections of 1796 and 1800. The election of 1800 showed John Adams and Thomas Jefferson faced off again. This time Jefferson and his running mate Aaron Burr received the same number of electoral votes and the decision was pass to the House of Representatives where Jefferson won ten states becoming President. The elections of 1800 of 1804 led to the ratification of the 12th Amendment in 1804 which called for the electors to cast two votes distinguishing between votes for President and Vice-President and gave constitutionality to the process by which the offices of both with be decided in the event an electoral majority was not achieved thereby solving the complications of the prior two elections. There have been other attempts to change the system, but the closest Congress has come to trying to amend the Electoral College after 1804 have failed to pass the Senate (Electoral College Fast Facts, 2018). The most notable attempt w as made in 1969, which proposed the direct election of a President and Vice President, requiring a run off when neither candidate received more than 40% of the vote (Electoral College Fast Facts, 2018). This proposed resolution made it past the House of Representatives but sadly failed to pass the Senate. The election of 1824 presented a new problem, John Quincy Adams received fewer electoral votes and fewer popular election votes than opposition candidate Andrew Jackson. Since neither received the necessary majority for an Electoral College win the decision was again referred to the House. As stipulated by the 12th amendment the House now had to choose from among the top three candidates, Adams, Jackson and Crawford. The House elected John Quincy Adams President. The election of 1836 resulted in the Vice-Presidential candidate Richard Johnson missing the majority of electoral votes by one. Per the 12th Amendment, the election was referred to the Senate where Johnson was elected. Today, if in the event that the Electoral Colleges is in deadlock or if no candidate receives majority votes, a contingent election will be held (Electoral College Fast Facts, 2018). In this case, the election of the president goes to the House of Representatives. Each state casts one vote for one of the top candidates to select the winner. Only two presidential elections have been decided in the house; once in 1800, and again in 1824 (Electoral College Fast Facts, 2018). In the election of 1876 twenty electoral votes from four states were disputed by Congress and referred to a bipartisan Electoral Commission for resolution of the election. Though Samuel Tilden missed the electoral majority by one vote and won the popular election the commission awarded all twenty disputed votes to Rutherford B. Hayes and he was declared a winner by 185-184 electoral votes. While some may know a bit of how the electoral college votes, there is little known about who these so-called electors are or how they are chosen. Article II, section 1, clause 2 states that electors cannot be a Senator or representative or anyone holding an Office of Trust or Profit under the United States may become an elector (About the Electors, 2018). The selection of these electors is a two-part process. The first part of the process is controlled by political parties in each state. The parties nominate electors at state party conventions or they are chosen by a vote through the central committee (About the Electors, 2018). This results in the presidential candidate having a different set of electors in every election. The second step of electing electors takes place on elections day when votes are cast for the next presidential candidate. When people vote, they are actually voting to select their staters electors. In 24 states the Electoral College can vote for whoever they want to. There is no Constitutional provision or Federal Law that requires electors to vote according to the results of the popular vote in their states. Some states, however, require Electors to cast their votes according to the popular vote (About the Electors, 2018). Usually, the electors stay true to their party values in voting for a candidate, but they are not required to. Electors who have pledged to vote for a candidate but end up not are called faithless electors, but more than 99% of electors vote as they have pledged (About the Electors, 2018). In the past presidential election of 2016, the question of how the Electoral College actually worked came into question. Before this election, it seemed that paid no attention to how the president was elected, they assumed that whichever candidate received the most votes automatically won. This, however, is not the case. When Hillary Clinton won the popular vote but lost the Electoral vote, the nation was baffled. How did that seem fair at all? Claims being made such as Russia hacking the election may or may not be plausible explanations for this, but this is not the first time in history a candidate has won the popular vote and lost the Electoral vote. In 1824, Andrew Jackson won the popular vote and lost the Electoral vote, as did Samuel Tilden in 1876, Grover Cleveland in 1888, and Al Gore in 2000 (Revesz, 2016). Instances like these plant the seed of doubt in the minds of the American people. How can the US still be considered a legitimate democracy if the votes cast do not truly equate to voting for a candidate, but voting for an elector to choose a particular candidate? Attempts to change the Electoral College system have not been successful, but who knows what the future of voting holds in store for the United States?

The Phenomenon Of Reality Television - 941 Words

TITLE: â€Å"The phenomenon of Reality Television† GENERAL PURPOSE: To present new information SPECIFIC PURPOSE: To inform my audience about the history of reality television, the types of reality television, how popular it has become in our world today, and the negative and positive effects of reality television. THESIS/CENTRAL IDEA: There is so much more to reality television than meets the eye. INTRODUCTION I. HOOK: Just imagine. You’re sitting on your couch flipping through the channels on your television. You notice that your favorite reality show is on: Keeping up with the Kardashians. What could be more entertaining than watching drama unfold right before your very eyes. II. I like so many other people around the world enjoy watching reality TV, I must admit. I must admit I do watch reality TV from time to time, and I wanted to find out more about this fascinating â€Å"reality† on television today. III. Through my research, I have learned more about reality TV and why it has become such a popular phenomenon in our world today. IV. PREVIEW: Today, I would like to share more information about the history of reality television, the types of reality television, how popular it has become in our world today and the negative and positive effects of reality television in our society today. BODY I. Believe it or not, reality television does have a history a. Reality television goes way back before it exploded in the early 2000’s. i. Reality television is a broad term and as youShow MoreRelatedThe Cultural Phenomenon Of Reality Television1741 Words   |  7 PagesThe cultural phenomenon ‘Reality Television (TV)’ has become an increasingly popular genre of television since its paroxysm onto the airwaves in 1945. 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Accounting theory and Contemporary Issues

Question: Describe about the accounting theory and contemporary issues. Answer: 1.AIS the full form of which is Accounting Information System may be referred as the refined structure of the firm, which helps in storing, retrieving, gathering, processing and managing financial data. The CFO uses this data or the chief financial officer or it can be managers, accountants, tax agencies, consultants, business analysts, auditors and regulatory authorities (Penman 2013). The entire system is one of the key aspects that help in retaining the necessary financial data confidential. Highest level of accuracy is maintained through the system of AIS by the accounts. The next important part includes preparing the methodological aspects that would gather the crucial financial data and help in accessing the information correctly (Flood 2014). The necessity of the AIS is to keep the data safe, secure and intact. The components of the accounting system consists of the six essential factors like methodology, people, internal controls, data, infrastructure of the IT and software. As per the area of AIS it might be said that professionals are the accountants of the firm people are considered to be the system users. This is one of the major elements to keep the running of the firm smooth and productive. The accounting system is used by the financial department of an organization to gather the necessary data and to retain the same for the growth of the organization. The auditors, consultants, managers, CFOs for maintaining well organized departments in organizations, rightfully use this system (Blankespoor et al. 2013). Common information could access by the firm at any point of time through the database or the software. This helps in reducing time consumption and to keep the data and handy. Both internal and external processes could do the collection of the data and retrieving the same. The internal processes include the staffs or the employees of the organization. On the contrary, the external processes include customers who order online (Guthrie, Ricceri and Dumay 2012). The data is collected from these sources to analyze, mange and assess the situation of the firm. The software of the AIS usually codifies that figures that is obtained from the procedures or instructions. The efficiency of the firm is related to the tracking of the data or the information. The data that is collected in the accounting system procedure is the financial information of the firm. However, with the improvement of technology the software and the database are one of the most positive elements that would help in the growth and assessment of the organisation. The different types of data usually includes sales orders, report regarding sales analysis, vendor invoices, inventory data, purchase requisites and billing statements of customers (Henderson et al. 2013). The integration of the hardware and software of AIS is helps in retaining all the necessary financial information correctly and accurately. However, the hardware must be compatible with the software. One of the pivotal jobs of the internal structure of the organization is to secure the confidential data safely. This is correctly done by the organization that the internal structure is transparent in the scenario. This could be understood with the help of a case in 2002 where a company called WorldCom had a fraudulent issue of about $4 billion. The auditors could save the form from bankruptcy by removing the CFOs from the data collected or received from the AIS. Hence, it might be said that AIS is one of the help in the organization for maintain clear and transparent data for the security of the internal structure (Blankespoor et al. 2013). Few factors are ensured by the AIS. One of the basic features is the qualitative features that are integration of the primary and secondary data. The next important features include consistency and comparability. These aspects help in the maintenance of the validity and the reliability of the organization. One of the key aspects of the organization is to reflect the validity in the data. This is ensured correctly by the AIS in case of large firms where manual track of the financial data is impossible to retain. Validity includes the faithfulness in the system and the neutrality in the system. Value feedback and timeline are the other crucial factors that are related to the reliability and validity of the system. Prediction is one the other key aspect that helps in analyzing the prediction or the future hold of the company in the financial data. This also includes the timeline that is one of the essential attributes of making the right decision (Blankespoor et al. 2013). . Feedback value is one of the main components in analyzing the decision or the process of the organization. Reliability is one another key component that is part of crucial processes like the inventory management. In the inventory management, the importance lies in the stock where fraud cases could be easily handled with the perspective of reliability. Faithfulness in the system is retained through the balance sheet that maintains the inventory of the company. The aspect of neutrality is the help that is required in the accounting standards. The standards of accounting are largely influenced by the investors and the economic consequences. The interest groups are largely affected in case of false neutrality (Bell and Griffin 2012). However, in case of the system and the database the neutrality is maintained effectively as there are no partial manual adjustments. The difficulty in maintaining the clarity in the economic scenario and neutrality is usually resolved by FASB. The mangers of the organisation receive their rewards based on the profit report that is produced by them. In such cases, the accounting standard could be fairly analyzed through the GAAP model. The best service and the differences in the neutrality could be analyzed through the data system. The improvement of the financial data could be clearly understood through the comparison of different years. This is easy as the accounting system software is one of the easiest means to receive the scenario of financial data. Hence, it might be said in this regard, that AIS is effective and impartial system without any issues in safety or security. The transparency in the system helps the company to grow without any fraud cases or chances or being bankrupt ed (Moser and Martin 2012). 2. As per the authors Watts and Zimmerman, the concept of Positive Accounting theory or famously known as PAT is considered to be effective to implement a suitable accounting practice in case of any modern business organization. Most of the modern business organizations implement several objectives that are required to attain a set of financial goals and services. This form of accounting theory assists the management of the firm attains their desired form of objectives in case of making and recording financial transactions. Many accounting theories do not allow this; however, positive accounting theory does so (Flood 2014). The major drawbacks for most of the accounting standards that the firms are implementing are that they have failed to provide a suitable guideline in case of some basic financial transactions. The accountants fail to record these types of transactions due to the amount of complexity attached to them. On the contrary, it can be inferred that positive accounting theory helps all the business firms to implement any type of transaction recording method that is suitable for the respective business organization. This type of method assists the accountants to minimize the discrepancies and loopholes associated with each financial transaction. There is a positive outcome associated with this theory and due to this reason, it is important for the modern business firms to implement and utilize this theory within their system. The main reason behind choosing positive accounting theory is that it assists the accountants and financial analysts to know about actual implications of several transact ions. In addition to this, the financial impact can also be measured with the help of effective utilization of positive accounting theory. Guthrie, Ricceri and Dumay (2012) opine that there are two major perspective that are related to the core of positive accounting theory. These are opportunistic perspective and efficiency perspective (Krahel and Titera 2015). The perspective of opportunistic refers that the financial analysts of the organization utilize this accounting theory in order to re-build their self-interest. It can be inferred that these self-interest can also be direct positive correlation with the interest of the respective organization. Apart from this, several other factors are associated with this perspective. One of the factors is debt-equity hypothesis. This further infers that the accountants and top-management of the firm tends to reflect higher amount of profits. Such kind of strategy will help the firm to pay off their debt, as it will have a negative impact on their capital structure. Due to this reason, PAT is preferred when it comes to modern business accountants. Another point of view is political cost. In this case, a business organization is assumed to highlight lower amount of profits than the actual one. Such kind of strategies helps the firms to get unsighted from the various political leaders who are present in the market in which the respective organization is operating (Greenstein and Hunton 2015). Another factor or assumption is associated with opportunistic perspective that is bonus plan hypothesis. In this type of hypothesis, the respective manager of accountants of the firm intends to manipulate several figures. This has a negative impact over the firms performance at the end of the financial year (Penman 2013). On the contrary, it can be inferred that in case of efficiency perspective, PAT assists the managers and accountants to select the best possible accounting method in order to recognize a fair picture of the operations of the business (Moser and Martin 2012). From this, it can be inferred that there are several positive things that are associated with the implementation of PAT. However, on the contrary many modern authors have opined that there are several loopholes in this respective accounting theory. Firstly, PAT evaluates the respective result on the application of any accounting method. Therefore, the exact solution or analysis is not available to the managers or accountants of the business firms. Another assumption that the theory has made is that it assumes that significance of employees interest and managers interest goes side by side. However, in reality, it differs in most of the cases. This theory may also create a wide negative impact on the financial statements of any firm is when the interest of both the parties contradict each other (Bell and Griffin 2012). Several accounting procedures are present that can assist the firm to select the best alternative method that the respective organization can use. These forms of methods are as follows:- Tax laws method Cost assessment method Selected leadership procedure Determination of industry constituents (Henderson et al. 2013) In case of tax law method, the business organization evaluates a respective accounting method based on the current laws and regulations. In addition to this, it can be inferred that the organization takes into account various tax concessions based on the theory they have opted with (Krahel and Titera 2015). In case of cost assessment method, the financial position of the firm plays a pivotal role. It can be inferred that the managers of the firm can take a call on what form of cost assessment method they can select. This can be in the form historical cost method or fair value method. Selected leadership procedure infers that the management of the firm will select an accounting procedure based on the existing leadership. On the other hand, in case of determination of industry constituents the firm selects ban accounting method based on the nature of the industry in which it operates Greenstein and Hunton 2015). Therefore, it can be concluded that there are several accounting method that a respective business firm can select. PAT helps to guide the accounts and the higher-level managers of the business firms to select the best alternative accounting method that will help them to meet their needs and objectives. References Baxter, W., Davidson, S. and Davidson, S. (2014).Studies in Accounting. Hoboken: Routledge, Taylor and Francis Group. Bell, T.B. and Griffin, J.B., 2012. Commentary on auditing high-uncertainty fair value estimates.Auditing: A Journal of Practice Theory,31(1), pp.147-155. Blankespoor, E., Linsmeier, T.J., Petroni, K.R. and Shakespeare, C., 2013. Fair value accounting for financial instruments: Does it improve the association between bank leverage and credit risk?.The Accounting Review,88(4), pp.1143-1177. Bragg, S. (2013).Accounting best practices. Hoboken, N.J.: John Wiley Sons. Brigham, E. and Ehrhardt, M. (2011).Financial management. Mason, OH: South-Western Cengage Learning. Deegan, C. and Unerman, J. (2011).Financial accounting theory. Maidenhead, Berkshire: McGraw Hill Education. Flood, B., 2014. The case for change in accounting education.The Routledge Companion to Accounting Education, p.81 Greenstein, M.M. and Hunton, J.E., 2015. Retraction: Extending the Accounting Brand to Privacy Services.Journal of Information Systems,29(2), pp.237-237 Guthrie, J., Ricceri, F. and Dumay, J., 2012. Reflections and projections: a decade of intellectual capital accounting research.The British Accounting Review,44(2), pp.68-82 Henderson, S., Peirson, G., Herbohn, K., Artiach, T. and Howieson, B., 2013.Issues in financial accounting. Pearson Higher Education AU. Krahel, J.P. and Titera, W.R., 2015. Consequences of Big Data and Formalization on Accounting and Auditing Standards.Accounting Horizons,29(2), pp.409-422 Moser, D.V. and Martin, P.R., 2012. A broader perspective on corporate social responsibility research in accounting.The Accounting Review,87(3), pp.797-806 Penman, S., 2013. Accounting standard setting: Thoughts on developing a conceptual framework.China Journal of Accounting Studies,1(3-4), pp.157-167.