SOX Project Essay Example | Topics and Well Written Essays - 2500 words

SOX Project - Essay Example Correspondingly, the study reveals that the company has been able to conduct operations in a reliable as well as sustainable manner. Economy and finance are interrelated subjects in the present day context. Thus, financial institutions are required to protect themselves from crisis and recession conditions for better business sustainability. It is with this notion that the United States Federal Law has been implemented at different levels to protect financial institutions from forecasted crises. Additionally, these laws have been enacted with the intention of ascertaining that financial institutions are administered well proficiently to minimize malpractices conducted by corporate entities at often instances (Ryu et al., 2006). A prominent example of such a law is the US implemented Sarbanes-Oxley Act (SOX), which was enacted in the year 2002 with the intention of restoring confidence among market segments and corporate sectors worldwide following the liquidation of Enron Corporation. This Act was intended to assist in resolving issues existing within the auditing or accounting practices conducted by professional s as per the company legislations. Formally, in the Senate, the SOX Act is known as â€Å"Public Company Accounting Reform and Investor Protection Act† and in the House, it is identified as â€Å"Corporate and Auditing Accountability and Responsibility Act† (OSHA, 2011). In this essay, the effectiveness of the SOX Act will be assessed with consideration to HSBC Finance Corporation, which is a subsidiary of Hong Kong Shanghai Banking Corporation (HSBC) Group, headquartered in the UK. It is a financial service providing company. The company is also identified to provide different financial services that include auto loans, real estate loans, insurance products and Visa credit card as well as MasterCard loans among others. In this context, the company operating in the US is required to

Journalism Essay Example | Topics and Well Written Essays - 500 words - 1

Journalism - Essay Example The reason behind the easy usage of twitter accounts to spread messages fast if the features that it has incorporated in enhancing the sharing of information. This aids in fast spreading of information across the globe within seconds. For instance, from the reading, Twitter has played a very fundamental role in enhancing the communication of critical messages. Such messages include information about terror attacks (Hermida 672-673). The reading gives some insight on the importance of people to embrace the use of twitter as a social media communication platform. Twitter has a major impact on the journalism practice in everyday life. The social media communication platform has had quite and influence how in the reporting and distribution of information globally in the news houses. The use of Twitter affect how other news organizations have to respond to breaking news in order to have a significant input to the public. In addition, the journalists’ scope is evolving daily to because of the new communication platform to that is making great impacts in the communication industry (680). The article is about the impact that citizen journalism has from case studies done in China. In china, the mainstream media is in strict control and there is the intensification of social conflicts. These happen amid the worsening sentiments among the nationals in the country. The reading is very realistic about the current society where citizen and mainstream journalism communication have taken root. For instance, it cuts across the citizen communication and its impact in the societies that are non-democratic both politically and socially. The reading gives insight on what is happening in most societies in the world in terms of communication practices. It is evident from the case stud citizen communication has a great influence in mainstream journalism in enhancing the online flowing of information. The establishment of

Research proposal Example | Topics and Well Written Essays - 3750 words

Research Proposal Example cy makers to launch programs on financial support under the administrative powers of Saudi Industrial Development Fund so that loan guarantees are offered to the Saudi banks to engage in feasible lending to the SMEs. The initiatives for providing financial support to the SMEs in Saudi economy have been presented as follows. The small and medium enterprises are such organizations that are comparatively smaller in size and whose employee strength falls below a certain number as designated by the authorities. The categorization of small and medium enterprises have been decided by the authorities like the World Bank, World trade Organization, etc. In the Kingdom of Saudi Arabia, the small and medium enterprises are categorized according to specified criteria designed by the Saudi Industrial Development Fund (Burke and Jarratt, 2004, p.126). The enterprises that earn revenues less than Rls 20 million on an annual basis could be termed as small and medium enterprises in the Kingdom of Saudi Arabia. In order to standardize the criteria for classifying entities as small and medium enterprises, the World Bank has taken responses from the commercial banks in order to remove the differences in classification criteria in several countries. The standardized range that is followed for classifying entities in the cat egory of small enterprises is that the annual sales of the entity should fall with the bracket of Rls 1 lac to Rls 5 million with employee strength of 2 to 49 people. The entities that have annual revenue earnings of Rls 5 million to Rls 50 million and employee strength of 50 to 200 people fall in the category of medium enterprises (Achoui, 2009, p.36). The small and medium enterprises play an important role in the context to economic development. The small and medium enterprises are large in numbers as compared to the large business houses. Although the number of employees employed by the small and medium enterprises is low, the cumulative employment offered by the

Discussion DESIGN Assignment Example | Topics and Well Written Essays - 250 words

Discussion DESIGN - Assignment Example To do this costume designers conduct a thorough research. Sometimes it is possible to adjust costumes to the à ©poque as it happened with the costume designer of â€Å"The Tudors† who â€Å"tudorized† the costumes adding minor details or changing the style. Costume designers read the script and think of how they can best transmit all information about the characters in the most appropriate way. Since part of the costumes are created for the non-human characters, such as spirits, animals, wizards, costume designers have to transform the existing tissues and styles to make them look less trivial. Costume designers take inspiration everywhere; they can use feathers, plants, shells in clothes in order to reveal special traits of the personages such as ability to fly for example. Moreover, costume designers use folk motives in their costumes to recreate the origin of the characters. Thus in order to make costumes for the â€Å" The Lion King† costume designer used national African tribal outfits and transformed them for the characters. It is necessary to remember that costumes have to allow personages do what they must do on stage: run, jump, fly. The costumes must be easy to wear in case when characters have to change clothes severa l times during performance. Costume designers collaborate with all the team to create a general look of a play or a

Cellular Phones and Cancer Case Study Example | Topics and Well Written Essays - 1250 words

Cellular Phones and Cancer - Case Study Example Studies to understand the relation between rf and biological tissue have been conducted since the early 1940’s. The epidemiological studies performed were inconclusive due to the large number of uncontrolled variables such as the amount of power emitted by different models of phones used. Furthermore, studies performed on laboratory animals also resulted in insignificant increase in health problems. Though in February 2011, the New York Times reported a study conducted by the researchers at the National Institute of Health which found that cell phone usage caused 7 percent increase in brain activity. This increase in brain activity was confined to the area of the brain that was near the rf antenna of the cell phone. The results of this study indicated that the use of cell phones did have measurable effects on the brain activity. The role of the engineer when confronted with ongoing debate of the relation between cellular phones and cancer is vague. The engineer could move towards redesigning of cell phones that reduce rf emission. However, this action would not be scientifically proven as the adverse effect of cell phone usage resulting in cancer has yet to be noted. The ethical procedure to be followed by the engineer in this case is discussable. The Utilitarianism, moral theory, states that those actions are acceptable and good which serve to maximize human wellbeing. Utilitarianism stresses that maximizing the potential of the whole society is more important than maximizing the importance of an individual. The theory aims to balance the needs of the society with the needs of an individual, with an emphasis on the action that would provide maximum benefit to the people. In respect to engineering, the moral theory is particularly important in risk-benefit analysis and cost-benefit analysis. The invention and mass production of the cell phone can be regarded as one of the foremost inventions of the 20th

Democracy and Development Research Paper Example | Topics and Well Written Essays - 4000 words

Democracy and Development - Research Paper Example   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Globalization has become the dominant factor in the development of civilization of the world in the XXI century. Globalization is the process of market-driven, rather than government forces. Globalization is a fusion of national economies into a single, global system based on ease of movement of capital, on transparency, on the technological revolution. The contours of global consolidation are business in the distant future. In this context, the role of national states to regulate economic and social processes will continue for many years.( Acemoglu,Robinson 2006) A testament of the nation-state activity is the activity of the "Group of Eight" - the U.S., UK, France, Germany, Italy, Canada, Japan, Russia. At its annual meeting of leaders of the "Group of Eight" the global economy is discussed, poverty and wealth, and environmental problems. In the past three years, the leaders of the "Group of Eight" discussed the issues of nuclear security and disarmament, i nternational terrorism. Polar position in relation to a group of rich countries have the least developed countries (LDCs). Since the beginning of the 70s that number had increased to 40 in 1986. The countries LDCs are characterized by extremely low standard of living. Geographically, the majority of poor countries are a countries in Asia and Africa. But a number of states in Asia managed to make significant progress. In 80-90s were often mentioned the so-called Asian dragons (Taiwan, South Korea, Hong Kong, Brunei, Singapore, Malaysia). A whole group of Asian and African countries can not escape from the clutches of poverty. Among these countries there are Afghanistan, Bangladesh, Bhutan, Gambia, Djibouti, Mali, Tanzania, Togo, Chad, Ethiopia, etc. The question of Romania and Poland After the Revolution of National Salvation Front, led by Ion Iliescu, took partial multi-party democratic arrangements and the free market. There were revived several major political parties, of the pre- war era, such as the Christian-Democratic National Peasants, the National Liberal Party and the Romanian Social Democrat Party. After several major political rallies, in April 1990, a protest sit-in, challenging the results of the recent parliamentary elections began in University Square, Bucharest accusing the Front to be composed of former Communists and members of the Securitate. The protesters did not recognize the election results, considering them as undemocratic and requested exclusion from the political life of former high-ranking participants of the Communist Party. The protest quickly grew to become an ongoing demonstration (known as Golaniad). Peaceful demonstrations deteriorated into violence, and strong intervention of miners from Jiu Valley has led to what is remembered as the June 1990 Mineriad. (Iliescu, Tismaneanu 2006) Subsequent decay of the Front has made several political parties including the Romanian Democrat Social Party (later the Social Democratic Party), D emocratic Party, and (the Union for Romania). First Romania run from 1990 until 1996 through several coalitions and governments with Ion Iliescu, and as head of state. Since then there have been three democratic changes of government: in 1996, the democratic-liberal opposition and its leader Emil Konstentinesku took power, in 2000 the Social Democra

Time Management Essay Example for Free

Time Management Essay This report has been prepared with the purpose of analysing and evaluating my current time usage, in order to assess my time management skills. Time Management involves setting priorities and undertaking goal management in order to as efficient and productive as possible. The aim of this report is to evaluate my current time management skills and isolate areas in which I need to improve and also to establish what theories and methods I must utilize in order to ensure that my time is well managed. The objective of this report is to properly analyse my findings in order to make accurate conclusions and in turn determine recommendations as to how I can adopt better time management skills in order to achieve my goals and objectives. Prior to preparing this report, I was required to identify my life goals and objectives on a short and long term basis in different areas of my life. These being; study, family, personal, work, social, community service, home duties and sleep. I was then required to prioritise my goals and objectives, estimate how I was spending my time and record a detailed time log over a one week period. The most accurate method when recording time usage data was immediate documentation. I also used my current organisational tools as a resource to remind me how I had recently spent my time and what I could expect from the coming week making estimations. After comparing my estimated and actual time usage figures (Refer to Appendix 5), it became apparent that there was little difference between the two sets of figures. Although my results indicated that my estimates were fairly accurate, they show that I am consistently spending my time in ways that are perhaps not ideal. In order to narrow the gap between my actual time usage and ideal time usage I will need to spend more time studying, and less time socialising and performing home duties. In particular, study is a high priority for me and I must therefore make sure I undertake goal management and establish it as one of my priorities. One way I can close the gap, is by utilizing my current commuting time to perform my weekly readings for university. I can also use the principles behind the Haynes theory on prime time and ? The Pickle Jar Theory in order to ensure I am using my time productively. Only then will I be able to realistically work towards my long term goals and objectives. Introduction: This report has been prepared with the purpose of analyzing and evaluating my current time usage, in order to assess my time management skills. Time Management includes tools or techniques for planning and scheduling time, usually with the aim to increase the effectiveness and/or efficiency of personal and corporate time use. (Wikipedia 2007, para. 1). Time Management involves setting priorities and undertaking goal management in order to as efficient and productive as possible. Time Management is an essential ingredient to success, as it discourages time wasting activities and procrastination which hinders productivity. Understanding the importance of Time Management enables individuals to take active steps towards better managing their time and governing the eventual outcome. (Mind Tools 2007, para. 2). Aims and objectives The aim of this report is to evaluate my current time management skills and isolate areas in which I need to improve. The purpose of this report is also to establish what theories and methods I must utilize in order to ensure that my time is well managed. As well as being an assessed task, this report is necessary in order to properly evaluate my current time usage. Once this evaluation has been made, decisions on strategies can be made in order to enable me to be more time efficient in the future. I am currently trying to divide my time between a number of different activities and areas of my life, however up until now I have never stopped to evaluate my efficiency. The objective of this report is to properly analyse my findings in order to make accurate conclusions. From these conclusions I will be able to determine recommendations as to how I can adopt better time management skills in order to achieve my long term goals and objectives. Scope This Time Management report has been written in keeping with Mohans recommended structure of a formal report (Mohan et al 2004, p348). It encompasses a summary, introduction to time management, aims and objectives, the method of research, results, discussion and analysis, conclusion and recommendations. Although this report gives mention to a number of established time management theories, it does not go into any extensive detail. These boundaries have been set out by the lecturer in charge of assessing this report in order to keep its contents relatively brief. Although this report is directed to Roslyn Hunter and Julie McLaren, I am the person who will be affected by its findings and who will have to take into consideration the proposed recommendations. Body of Report Method of Research Prior to preparing this report, I was required to identify my life goals and objectives on a short and long term basis. The time frames I worked with for the purpose of this exercise were ? 3 years (Refer to Appendix 2) and ? Semester 1 (Refer to Appendix 3) respectively. These goals and objectives were established, based on different areas of my life. These being; study, family, personal, work, social, community service, home duties and sleep. I was then required to prioritise my goals and objectives according to what is most importance to me. After these were documented, I was then required to estimate how I was spending my time. Estimates were made as to the number of hours I spent in the different areas of my life (Refer to Appendix 1). After these estimates were made, I was then required to record a detailed time log over a one week period (Refer to Appendix 4). During this time, I took my log wherever I went and recorded my time usage in half an hour intervals. This exercise enabled me to compare my actual time usage with my estimated time usage. The most accurate method when recording time usage data was immediate documentation. Ensuring that I had my time log on me at all times meant that I could fill in my time log frequently and consistently. If I were to have relied on my memory, I am certain that this alternate method would have resulted in inaccurate data being recorded. When estimating my time usage I took into consideration my current study load, commitments, sleeping patterns and general level of up keep. I also used my current organisational tools as a resource to remind me how I had recently spent my time and what I could expect from the coming week. Being an avid user of ? to do lists, diaries and planning calendars (Refer to Appendix 7), I had on hand a lot of resources to assist me in estimating my time usage. This method led me to make relatively accurate estimates on my actual time usage. Results After comparing my estimated and actual time usage figures (Refer to Appendix 5), it became apparent that there was little difference between the two sets of figures. (Refer to Appendix 6). After estimating that I would spend 35 hours studying, my actual time spent was 34. 5 hours. I thought I would spend 7 hours with my family; however my actual time spent was 10. 5 hours due to a family birthday. The actual amount of time I spent on ?personal activities ended up falling 2 hours of short of my estimated figure. I actually spent 17 hours in this area as opposed to 19 hours. As I assumed, I did not spend any time on ? work related activities. My actual number of hours spent socialising fell 3 hours short of my estimated figure. I actually spent 12 hours in this area as opposed to 15 hours. I estimated that I would spent 2 hours doing community service with the Red Cross, however I actually did not find the time during this 7 day period to perform community service. The hours spent performing ? home duties equaled a total of 28. 5 hours, which exceeded the estimated figure of 25 hours. In addition the actual amount of time I spent sleeping was 65. 5 hours, which was only slightly greater than my estimated figure of 65 hours. Discussion and Analysis My ability to accurately estimate my time usage can be attributed to the fact that I consistently document my daily movements, which has been useful when making estimates in this activity. Choosing not to undertake paid employment this semester has also meant that I am splitting my time across fewer areas, making it easier to predict how I will spend my time. Although my results indicated that my estimates were fairly accurate, they show that I am consistently spending my time in ways that are perhaps not ideal. My ideal amount of time (Refer to Appendix 6) spent studying is in fact 40 hours, whereas I am only currently achieving on average 35 hours. I estimated that I would spend 15 hours socialising based on my weekly patterns prior to the 7 day period I documented. Spending only 12 hours on this activity meant that I was closer to achieving my ideal time allowance than usual. Although socialising is an enjoyable activity, it is affecting my ability to achieve my desired amount of study hours. Ideally, I would also like to cut down on my hours devoted to ? home duties, which happened to exceed both my estimated and ideal time allowance. Realistically, while I am still living in the suburbs, it is unlikely that I will be able to spend 23 hours performing ? home duties as I incur a lot of commuting time living in Glen Waverley. Conclusions Performing this time management exercise has identified that my ideal time usage and actual time usage are not on par. I appear to be familiar with my time usage as my estimated time allowances and actual time allowances were very similar however I am not spending my time in way that I ideal to achieving my goals and objectives. In order to narrow the gap between my actual time usage and ideal time usage I will need to spend more time studying, and less time socialising and performing home duties. I have identified that study is of ?high priority when I chose to assign it an A (Refer to Appendix 3) and must therefore make sure I undertake goal management and establish it as one of my priorities. Once I narrow the gap and start achieving my short term objectives and goals, I can work towards my long term objectives and goals. Without achieving my ideal time allowance I am in no position to work Recommendations In order to close the gap between my actual time usage and ideal time usage I will need to consider ways in which I can prioritise and manage my goals. Haynes suggests establishing when a persons prime time for working is and then planning for the most important and demanding tasks to be done duringthis time (Haynes, M 2001). This theory promotes efficiency and could assist me in making my study time more productive. I could also consider utilizing my current commuting time to do my university readings. This would mean I have more time to study and in turn, fewer hours would be written off to home duties. The Pickle Jar Theory uses the analogy of an empty pickle jar to think about how we use the fixed amount of time available to us each day. This theory could also be used when I plan my schedule and assist me to get important work done while still leaving time for socialising. (Mind Tools 2007, para. 2). I will continue to fully utilize my diary, to do lists and planning calendar (Refer to Appendix 7) as they have helped me successfully plan my time in the past. My next step now is put my recommendations into action in order to close the gap, improve my time management skills and achieve my short term goals and objectives. Only then will I be able to realistically work towards my long term goals and objectives.