Monday, September 30, 2019

Human Resources Management and Job Design Essay

This has been the problem with also several blue chip companies. Are there other issues which leads to commitment and loyalty to stay on in companies? The organizations could not afford to lose key individuals for some matters related to job dissatisfaction and discontentment. In such a scenario â€Å"Organizational Behavior† becomes a very essential tool in shaping employee morale. Job Design becomes all the more important and is an avenue that could lead to overall job contentment. It could be made more enriching and appealing to the employees by incorporating suitable Human Resource and Behavioral concepts. The objective of this paper is to identify some of the state of the art and tested techniques in Human Resources Management that could make the job more enriching and interesting to the employees. It aims at â€Å"Quality of Work Life† where the emphasis is given to issues like Quality, Time, Commitment, Work Culture and Social Responsibility. WE have to act to ‘Realize Our Needs’. Access to technology helps in marching forward but people have to be told to contribute to develop to their full potential, utilize resources improve relationships and acquire knowledge. Duplication of efforts to gain increased productivity, continuous quality improvement and progress could be avoided. Sharing the resources between nations can do this. Importance should be given to self-sufficiency and efficiency, stimulating original thinking resulting in effectives of the system. Introduction Emphasis of Industrial Engineering with respect to Human Resource Management and Job Design are Ergonomics, Human Factors, Manufacturing Systems Engineering, Operations Research and Management. Experimental work in the field of Biomechanics, Human factors, Computer Integrated Manufacture, Process Control, Graphics, and Computation methods are done. Ergonomics and Human Factors includes biomechanics, man-machine systems, prevention of musculo-skeletal disorders, other industrial hygiene issues, and ergonomics and human factors issues in a aviation, space systems and rehabilitation. Manufacturing Systems Engineering includes computer-integrated manufacturing; the planning, design, and control of manufacturing systems; Computer Aided Design and Manufacturing; and the application of robotics, vision systems, and artificial intelligence in manufacturing. Operations Research includes deterministic and stochastic optimization; multi-criteria decision making; expert systems and artificial neural networks; modeling and analysis of system reliability; Total Quality Management; and the modeling, management, and simulation of manufacturing and service systems. Objective Aim of Human Resource Management to increase the awareness of the real power, to direct, to make decisions, to develop ethical systems, to enhance the lives of self & others and to understand that the systems should be made successful with active participation of all working partners. Process This can be achieved through the development of conceptual skills, entrepreneur skills, leadership skills, manageri al skills, technical skills and communicational skills. Focusing on effective leadership, efficient management process, productive motivation, economic manufacturing and service, required training requirement and of skills for excellence. By viewing the situation in the present perspective, by formulation of changing alternatives and by choosing the best change alternative. It can be dealt easily with each and every aspect of life with power, freedom and full self-expression. Areas of life are health, well-being, leisure, fun, relationships, career, family, plans for future, retirement, quality of life, living situation, home, religion, spirituality, finances, income, sex, self-confidence communication and enrollment. Ability to listen and be present, to take unreasonable actions, overcome fear of failure, and live an upset free life and think positively always with sense of joy & fulfillment and with unimpeachable integrity. Awareness of the real power is being present to what is happening now and being able to deal with full energy & commitment without any doubt or ambiguity in the mind in each and every aspect of our life. Organize To be organized keep things in the same place every time. Ask every one to do the same. Take them when required and place them back as soon as the work is over in the same order, plan in advance what all needs to be done; now, after 1hour, after 6 hours, after 10 hours, today, tomorrow, this week, next week, this month, next month, this year, next year, next five years and next ten years.

Sunday, September 29, 2019

Ethnicity and Policing

Ethnicity and the Police Part II Police Brutality and Corruption: New Orleans Police Department By Brittany Jackson Staff Writer BATON ROUGE- New Orleans Police Department is known for its harsh brutality, corruption, discrimination, and deadly force. The issue of citizen complaints has been a controversial concern in New Orleans. The complaints of citizens are generally a racial issue. African American civil groups have commanded civilian evaluation as a way of presenting independent assessments of complaints.Although the New Orleans courts planned to expurgate police corruption and brutality, the unruly behavior has increased. Over the recent years the New Orleans Police Department had a discreditable record for police brutality and many incidents were reported to the department Internal Affairs Division and the Office of Municipal Investigations. Some officers were charged for using excessive force towards victims, sometimes without adequate cause, and some suspects died while in the custody of police. The New Orleans Police Department has a history of police brutality cases including the case of Robert Davis.Robert Davis, a retired elementary school teacher and a resident of New Orleans was detained, arrested, and beaten by four white police officers on October 9, 2005 on notion of public intoxication. Davis was 64 years old at the time of the incident and was charged with public intoxication, resisting arrest, battery, and public intimidation which he pled not guilty to all charges. Upon hearing the charges Davis stated, â€Å"I haven’t had a drink in twenty five years. † The officers were charged with battery and the use of severe force.All officers were released on bond after making an appearance before the judge, pleading not guilty. African American Police Chief Warren Riley stated that he did not believe race was a issue in the beating. Charges against Davis were dropped in April 2006. Robert Evangelist and Lance Schilling were fired for their involvement in the beating. Racial profiling inexplicably targets the African American community for no known investigations and enforcement which leads to a hindrance in community policing endeavors. These actions cause law enforcement to lose trust among the people they are to protect and serve.Many people depend on the police to protect them from violence and exhibit fairness and equality to all communities, yet many people live in fear. I never been in a situation that involved the New Orleans Police department but in my research I find the department to very corrupt. Many of the officers are respectable individuals but the dishonorable officers ruin the reputation for all. Many of the suspects that they victimize are Black individuals who are males. Even though the Police Chief stated that the incident of Robert Davis wasn’t a race issue, I’m for certain that it was.It shouldn’t take four police officers to apprehend one suspect and to make matters w orse, two of the officers were pinning Mr. Davis down to accommodate the beating. More people should stand up for what they believe in to prevent racism from happening. In New Orleans, most citizens of the African American community live in fear because they know how corrupt the New Orleans Police Department is. If more people come together and protest about racism, brutality, and corruption a change will be brought forth. The New Orleans Police Department has always been known for their corruptive acts.Many of the officers target the African American communities and victimized individual for their own personal reasons. It is real clear the corruption of the police department is only getting worst being that no one of higher authority isn’t taking on an improved way to handle these violent acts. New Orleans has the most brutality cases in the United States due ethnicity issues, and discrimination. African American citizens of New Orleans can’t depend on the police to p rotect them if they don’t trust the police or have fear.

Saturday, September 28, 2019

Leadrship Development and business Ethics Coursework - 1

Leadrship Development and business Ethics - Coursework Example Druyun later retired from her government position and joined Boeing. However, both Druyun and Sears were later fired for ethical misconduct based on the allegations from the US Department of Justice. When an internal probe into the ethical issues was conducted it was discovered that Druyun and Sears were involved in unethical activities and that the Boeing chairman Philip Condit was also involved in the discussions. With both Sears and Druyun pleading guilty of ethical misconduct they were both slapped with fines and respective terms of imprisonment. In another ethical issue, Boeing was accused of having accessed trade secrets of its competitor, Lockheed Martin and for which a former top executive was charged with ethical misconduct. Several other such ethical issues cropped up during the tenure of Condit. In one such case it was alleged that Boeing had manipulated its financial statements in order to clinch a merger with McDonnell Douglas. Another law-suit was filed by female employ ees of Boeing accusing the company of discrimination by lesser pay for the women employees and refusing their promotion. In addition the company was also accused of racial discrimination towards its employees especially African Americans. Condit was also known for his romantic liaisons with the female employees at Boeing. Later following two ethical scandals on the issue of bribes and sexual harassment, Condit resigned from his post of CEO which was then taken up by former President and Chief operating officer, Harry Stonecipher. Less than two years later Stonecipher had to resign his post due to an extramarital affair with a female Boeing employee that stood to violate the code of conduct of the company. Thus major ethical issues within the company involved CEOs who are expected to set and follow ethical standards. And most of the issues involved financials stakes and personal interests. While the

Friday, September 27, 2019

Participant Observation Assignment Essay Example | Topics and Well Written Essays - 1000 words

Participant Observation Assignment - Essay Example The research questions formulated in this paper are mainly based on empirical observation, that is, information gained by means of watching, experiments or by performing some research study. This field work has been conducted on August 6, 2009 during 10.30 AM and 12.35 PM. The journey for observation assignment started from Hudson, NY station and ended at NY-Penn Station. The train selected for this observation assignment is Empire Service-Eastbound train (which is running Mondays thru Saturdays) whose number is 280. The source station of this train is Niagara Falls, NY, the departure time from this station is 3.45 AM and its arrival time in the destination station New York, NY-Penn Station is12.35 PM. Subways in New York are the fastest way to travel around the New York City. It is very difficult for the fresher to travel through New York subways. If one is not careful, then one would find it very difficult to reach the destination. If one does not know about the rules and regulations that need to be followed in the subways, then one would find it hard to travel through the subways. Here, it can be observed that some people are asking others about the direction, or the route one needs to take for reaching specific destinations. People in New York help others to sort out their problems in very friendly manner. Another important thing about people in New York is most of them are confused as to which direction they need to go to reach their destination. In the platforms, it is observable that all sorts of people are present such as teens, middle aged people, old aged people, families etc. Some people are looking on the map which is placed near the entrances; they are sorting out the ir doubts themselves without asking to anybody. By observing their facial expressions, it may be concluded that they are not so clear about whether they have gleaned what they needed to know. Time is 10.15 AM. The train to New York, NY-Penn Station will reach

Thursday, September 26, 2019

Southeast Asian in the US Ques 3 Essay Example | Topics and Well Written Essays - 500 words

Southeast Asian in the US Ques 3 - Essay Example This was to be one of the most fantastic foreign trips I have had in recent years. From my conversation with the waiter, the name Vietnam first came into use in 1803 when envoys from the Nguyen dynasty went to Beijing to create diplomatic associations with the Chinese court. The emperor chose the name Nam Viet for his territory. Viet means imperial domain while Nam means south which was being added to his dynasty. As we continue our chat, he tells me that Vietnamese is the most dominant language spoken by approximately 87.0 percent of the entire population. He says that it is a tonal Mon-Khmer lingo with strong Chinese lexical influences. However, dialectical variations are present among different locations in terms of their vocabulary, number of tones and accents. Moreover, the remaining populations speak Nung, Mong, Tai Dam, Chinese, and Khmer. From the interrogation, Vietnamese are extremely social people. This is portrayed in the way they build their homes. Their houses are rectangular created and made of mortar and brick. The waiter says that their compounds are regularly large open areas for drying their rice. The homes are usually built close to each other creating a nuclear arrangement surrounded by agricultural fields. This is to ease access to each others home for social, economic, and wellbeing. In their culture men dominate over women, this is shown in how their women engage in petty trading which is common in their society and they end up earning meager salaries which they use to support their families. In broad-spectrum men, perform powerful and masculine roles such as administration, public activities, business, hold political offices and other roles that require ones to be away from home. Influential roles such as the Catholic priest or a Buddhist are also reserved fro men. He further says that, marriage is a significant ceremony of passage for the realization of

Wednesday, September 25, 2019

Technology entrepreneur Case Study Example | Topics and Well Written Essays - 1000 words - 1

Technology entrepreneur - Case Study Example Here, files were stored on the internet and could be accessed from any computer that had Dropbox and in the network. According to Houston, Dropbox took the best elements of subversion, trac and rsyn and made them just work. Unlike other file storage companies, Dropbox’s model was framed in a way that it was simple to use. Despite the calls for additional features that could alter the initial company plan, Houston, and fellow co-founder, maintains the simple image as a selling point. In their model, they championed for two platforms namely; the free platform and premium platform. In the open platform, he planned to offer 1-gigabyte storage space for any user and a charge for the additional storage. It is contrary to the premium account where individuals and medium-sized enterprises would subscribe to pay. Dropbox offers extra free storage to members that refer others to the program (Kotler and Deans 336) The Y Combinator was an incubation program where startups applied for consideration for training and mentorship. At the end of the three-month program, each startup would pitch to potential investors and had a possibility of getting much funding. For Dropbox founders, all went well and were admitted to the program. While in the program, they held two hypotheses; Targeting individuals and businessmen was most viable and secondly; targeting companies was difficult due to bureaucracies. Houston also believed that making Dropbox simple was the right recipe for success. By June of 2010, he confirmed that using individuals and businessmen as an entry-to-market strategy worked. Medium sized organizations could not allow an employee to use Dropbox to store files unless certified by the IT department. However, this was a challenge in that, to be approved, testing was necessary. Additionally, the need for extra features to meet client needs was

Tuesday, September 24, 2019

Businesses desire to achieve a competitive advantage Essay

Businesses desire to achieve a competitive advantage - Essay Example The paper tells that companies that achieve a competitive advantage can exploit that edge in order to obtain higher sales than other companies in the marketplace. Organizations can achieve a competitive advantage by exploiting their brand value. A brand strategy is generated over time by investing a lot of money in advertising and marketing campaigns. Technological superiority, innovation, and patents are other ways to gain a competitive advantage. Companies that achieve a competitive advantage are able to increase their market share. These firms are also able to attract more customers than its competitors. Examples of companies that have been able to dominate an industry by gaining a competitive advantage are Starbucks Cafà ©, Microsoft, and De Beers. Microsoft utilized innovation to stay ahead of the competition. Starbucks Cafà © beat out the competition by providing a superior product and better customer service. The competitive advantage that De Beers enjoys comes from its supp ly chain superiority and access to greater sums of capital. Organizations that have a competitive advantage are able to retain more customers and build brand loyalty. Higher customer retention rates are desirable. Based on Pareto’s 80/20 rule approximately 80% of a firm’s revenues come from 20% of its customers. Most companies that are the market leaders in their respective industries reached that status by having some type of competitive advantage. Good business strategies are needed for managers to implement a competitive advantage.

Monday, September 23, 2019

Appreciation of works of art Essay Example | Topics and Well Written Essays - 750 words

Appreciation of works of art - Essay Example Asymmetry is evident in the painting because there is an imbalance of the number of people on the right and on the left sides. On the right side of the painting where a group of people are gathered, the space from which they are staying creates a sense of depth to the viewer through the use of hatching. Looking at the portrait, one could almost understand that behind the opening or door from which the people are standing; there is a deeper space wherein more people could be present, or at least it is a path where the people entered through. The lines that are used also create distance. From the viewer’s point of view, since there are no borders used on the edges of the painting, there is a distance created wherein one can see a front and a back side. The lines at the back of the three people on the center make the setting look narrower at the back, suggesting that it is farther than where the three characters are located similar to how things are seen in reality. For instance, when something is near a viewer, it is big and clear enough for someone to see the details. However, as the viewer stays farther away from the object, it becomes smaller and can only be determined largely by its shape. This is what happens in the painting. Since the back wall is shown to be bounded by width and height in contrast to the open space on the ‘front’ of the people, it appears to be farther away from the viewer and therefore, creates distance. Moreover, Pilate is shown to be nearer the viewer than the other characters. This is done by completing every detail that shows the man washing his hands, seated on his chair with all his raiment and other uncovered part of his body visible. In contrast, the man pouring the water on the basin seems to be a little farther behind Pilate because some parts of his body are covered such as his leg. The basin in front of him covers his left leg so that the illustration looks realistic creating an illusion that makes him appe ar to be located a bit farther than the main character. The same is true with the man standing behind with a green robe. His feet are not shown, suggesting that they are covered by the man seated on front of him. Consequently, space is created as well because of the distance that is portrayed by the lines mentioned earlier. Pilate seems to be sitting right in the middle of the room because there is a space left on the front which seems to be bare. This is effectively done by placing the chair of Pilate a few squares away from the bare floor. In addition, the distances between the figures such as between Pilate and the people show the spaces created in the picture as well. The placing of the people also creates the illusion of space in a similar fashion as described above. For instance, the hands of the two men behind the man in green robe on the right side of the painting show a sense of distance and space. The hand of the man in red turban does not only seem to be father behind the hand of the man in front of him but it also creates some space between them. Symbolism could also perhaps be evident in the painting. For instance, it is known that Pilate did not find any crime committed by Jesus so that he did not like to crucify him. However, since the people are becoming wild in their demands, he had to make a decision that he was not really satisfied about. To keep the peace and order of the community, he had

Sunday, September 22, 2019

Nitrogen is a part of chlorophyll Essay Example for Free

Nitrogen is a part of chlorophyll Essay Experiment- Using the fertilizer is important for many gardeners as it helps their plants to grow strong and healthy plus fertilizers can be fairly expensive and not all work as predicted, also Gardeners only get one chance at either growing their crop or plants so it is essential for them to get the fertilizer right. This experiment will focus on 6 major fertilizer brands to find out which is the best- Research- Nitrogen (N) Nitrogen is a part of all living cells and is a necessary part of all proteins, enzymes and metabolic processes involved in the synthesis and transfer of energy. Nitrogen is a part of chlorophyll, the green pigment of the plant that is responsible for photosynthesis. Helps plants with rapid growth, increasing seed and fruit production and improving the quality of leaf and forage crops. Nitrogen often comes from fertilizer application and from the air (legumes get their N from the atmosphere, water or rainfall contributes very little nitrogen) Phosphorus (P) Like nitrogen, phosphorus (P) is an essential part of the process of photosynthesis. Involved in the formation of all oils, sugars, starches, etc. Helps with the transformation of solar energy into chemical energy; proper plant maturation; withstanding stress. Effects rapid growth. Encourages blooming and root growth. Phosphorus often comes from fertilizer, bone meal, and superphosphate. Potassium (K) Potassium is absorbed by plants in larger amounts than any other mineral element except nitrogen and, in some cases, calcium. Helps in the building of protein, photosynthesis, fruit quality and reduction of diseases. Potassium is supplied to plants by soil minerals, organic materials, and fertilizer. Calcium (Ca) Calcium, an essential part of plant cell wall structure, provides for normal transport and retention of other elements as well as strength in the plant. It is also thought to counteract the effect of alkali salts and organic acids within a plant. Sources of calcium are dolomitic lime, gypsum, and superphosphate. Nitrogen, Phosphorus, Potassium and Calcium are all the essential nutrients usually added to help aide in the plants growth as when the plant grows it absorbs large proportions of each nutrient meaning that there will be near to none left, ending in a stunted growth, Gardeners and farmers add these nutrients to the ground to ensure there will always be enough for when the plant grows, the acidity of the soil is another reason why nutrients are added because the higher the acidic level of the soil the more nutrients will be lost. All fertilizers have a controlled release which ensures that they will last longer. Information on Fertilizers used- Urea- Urea has the highest concentration of nitrogen that a fertilizer can offer, it is composed of 50% Nitrogen, as it is usually Nitrogen that is absorbed the most by plants during growth. It is one of the basic fertilizers as it only offers one nutrient to the plants. Osmocote- Osmocote offers the most diverse and wide range of nutrients to plants, Osmocote is composed of Nitrogen, Sulphur, Phosphorus, Potassium and Calcium and also contains organic seed growing mix to help with faster seed growth. It also contains a wetting agent which ensures that it will stay moisturized for longer. Nitrophoska- Nitrophoska is the most environmentally friendly of all the fertilizers as the components wear off over a certain time into the soil leaving no traces or harm to the environment, it also is one of the few fertilizers that can be used on any plant. Nitrophoska contains Nitrogen, Phosphorus and Potassium. NPK Fertilizer- NPK fertilizer is the most commonly used and manufactured fertilizer as it contains the three essential nutrients for plant growth Nitrogen, Potassium and Phosphorus. Due to its high domestic demand many plants are also able to have NPK Fertilizer used on them. Blood and Bone- Blood Bone Based Fertilizer contains 65% blood and Bone meal with added animal manure (Nitogen-5. 4: Phosphorus4. 0: Potassium-0. 4). Blood and Bone contains the most organic matter of all the fertilizers, which gives the plant a larger leaf growth and can be used on a wide range of plants and trees. Control- A controlled test with only garden soil and no fertilizer to test and compare to the other fertilizers. Why choose Granular? Another important thing that needs to be discussed is why use Granular fertilizer out of a whole range of other fertilizer types. Reasons- Granular fertilizer can be weighted or measured more easily to ensure that one test doesn’t receive more fertilizer then the one next to it. Granular fertilizer is the cheapest form of fertilizer and it is ideal for indoor and pot plants. Granular fertilizer contains the most nutrients that a fertilizer can offer giving it the advantage over other fertilizers and saving on buying extras, Granular fertilizers also come wetting agents which ensures that it has water for longer. Granular fertilizers are much less harmful as they don’t contain micro bacteria or other harmful substances. And Granular fertilizers offer the widest variety to choose from giving the buyer of an option of what type of fertilizers to buy and which ones will suit their plants. Granular fertilizers are also time released, meaning that it allows nutrients to flow out of the granules and into the soil over time, meaning that the plant will have a constant supply of food and nutrients. Granular fertilizer were chosen to be used for this experiment as they offered a wider variety of advantage for plant growth, to wetting agents and that it was easiest to measure/ weight to give a fairer test. Bibliography http://feeco. com/2011/12/07/npk-fertilizer-what-is-it-and-how-does-it-work/- Information given on NPK fertilizer and its components, benefits and other facts. http://www. grahamturf. com/main/reference/images/liquid_vs_granular. pdf- Information about Granular Fertilizers, what they are good for, which plants they are good for and what they are made of. Http://www. incitecpivot. com. au/entec_nitrophoska_blue. cfm- Information given about Nitrophoska fertilizer and its components, benefits and other facts. http://www. incitecpivot. com. au/zone_files/PDFs/Urea_Factsheet.pdf- Information given about Urea fertilizer and its components, benefits and other facts. http://www. ncagr. gov/cyber/kidswrld/plant/nutrient. htm- Information given on the essential nutrients needed by plants and how the plants benefit from those nutrients. Http://www. scottsaustralia. com. au/media/MSDS/Osmocote-Plus-Organics-Plant-Starter-(120840)-1010. pdf- Information given on Osmocote fertilizer and its components, benefits and other facts. http://en. wikipedia. org/wiki/Fertilizer- Information on common fertilizers, their purpose and what they contain and why they contain it, basically a fact sheet on fertilizers http://www. yates. com. au/commercial/products/plant-food/organic-based/blood-bone-based-fertiliser/- Information given on Blood and Bone fertilizer and its components, benefits and other facts. Aim- To find out which common household granular fertilizer, and state which fertilizer those with phosphorus, nitrogen or other, promotes the fastest and healthiest growth in plants/grass in a controlled amount of time consisting of six weeks, by measuring and recording the growth of each plant over an allocated time period, and to record nutrients and water levels left in the plants every Week, to determine which fertilizer is the best.

Saturday, September 21, 2019

Philosophy Final Essay Example for Free

Philosophy Final Essay Question One   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In Plato’s work The Apology Socrates is on trial for three distinct things: Firstly, Socrates fell out of favor with the government (who were constantly berated for being ignorant by Socrates in a fashion) and so the sought to eradicate him by accusing him of not paying favors to the gods for whom the citizenry worshipped.   Secondly, Socrates was on trial for impiety.   Lastly, Socrates was on trial and sentenced to death for corruption of the young.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Socrates attempted to defend himself in front of the Senate by using his famous Socratic method as revealed in Plato’s pages of The Apology.   He bantered and lead the court officials around in a dialogue fashion, asking questions in order so that they would have to answer them themselves and thus prove Socrates’ point in a question answer dialogue.   The dialectic art of arriving at the was the system Socrates used.   In this regard he would arrive at the answer by questioning the belief of engaged speakers in a philosophic circle, or in this case, in a courtroom hearing. Although this idea of philosophy may come across as non-confrontational,             Socrates used this method to verbally jab at the speaker until they themselves found fault in their philosophy, and through a system of negative or positive responses came to recognize the truth: Thus, Socrates sought to find justice for himself by only asking questions, leaving the answers up to the officials.   This type of philosophy has been likened to a cross examination present in today’s court rooms, where the person under oath is asked a series of questions that are both destructive and humiliating, until they are forced to acknowledge the truth, much like the arguments around Socrates. The aim of such confrontational questioning was always about finding the ultimate truth, but in this court case it seems that Socrates failed because the case eventually lead to his demise. Socrates believed that this truth seeking was the main goal of philosophy, and philosophical discussions, and he believed that everyone involved with the account was in pursuit of this goal as well:   It was this optimism that lead to his downfall in a way. Socrates could be considered a martyr.   It was his stand against the government at the time which lead to the eventual destruction of the Thirty Tyrants, but when democracy came back into place, they then chastised Socrates because of his pull with the younger crowd.   The definition of a martyr is a person who dies for a cause.   Socrates’ cause was for truth and wisdom; that is what he taught the crowd which followed him about the city (and which attracted the disfavor of the democracy who felt Socrates had too much power and sway over the citizenry and feared an uprising) and in the end, those were the causes for which he died. In The Apology Plato writes of a scene where Crito offers Socrates the opportunity to escape from prison, but Socrates forbids it stating that it would go against democracy for which he stood and it would be a deceitful act which is the opposite of truth, for which he based his philosophy.   Thus, Socrates is offered with a form of escape which he denies, thereby choosing death willingly for his beliefs, the true definition of a martyr.  Ã‚  Ã‚   Socrates willingly or rather knowingly accepts his fate as governed by the ones whose democracy he upheld and it was through this act that Socrates was able to demonstrate philosophy in action. Question Two As to the existence of god, Descartes deems that this should be accounted for next to discovering what knowledge is. Descartes explanation of God and existence required an innate sense of the presence of God. He began by thinking that the cause of any idea is as real as the substance of said idea. Since his idea of a Supreme Being or god infinite, therefore the cause of this idea of infinity must also be never-ending and according to his belief, only the real god is boundless. Thus, the cause for the existence of god cannot be human beings because we are not infinite and we are mortal. There must be a cause of this Supreme Being’s existence which is outside the human race. Based on Meditation III, Descartes expressed â€Å"my idea of god cannot be either adventitious or factitious (since I could neither experience god directly nor discover the concept of perfection in myself), so it must be innately provided by god. Therefore, god exists.† It was Rene Descartes who delivered a â€Å"first systematic account of the mind/body relationship† (Descartes 1). Descartes’ dualism theory states that â€Å"mind is a nonphysical substance† (Descartes 1). Further, he differentiated mind from brain. He attributed consciousness and self-awareness to the mind while intelligence is contained in the brain. Descartes used his Meditations on First Philosophy to make certain what he is in doubt before regarding the existence of the mind and body. Because of this, he was able to take a hint that mind and body are two different things. He advocated that the â€Å"mind† is used for thinking, thus, it is immaterial and can exist even without the body. This immaterial and non-physical content of the mind then he called as the â€Å"soul.† And therefore, the mind is a substance distinct from the body, a substance whose essence is thought (Descartes 12). Based on this perspective, Cartesian dualism became a stronghold of future theories. It champions the idea of the â€Å"immaterial† mind and the â€Å"material† body. Even if these are two different entities, they interact to create actions and events reversibly involving mental and physical activities. Despite many non-European supporters of Cartesian dualism, this gave rise to the â€Å"problem of interactionism† wherein it averts the impossibility of interaction between an immaterial and material entity, the mind and body respectively. To defend these criticisms of Cartesian dualism, Descartes formulated an explanation through the pineal gland theory. This gland is located in the center of the brain between the left and right hemisphere, from which the â€Å"immaterial† mind and the â€Å"material† body purportedly interacts. However, this has remained a theory up to this time since Descartes failed to defend such idea of the causal interaction of the mind and body through the pineal gland. Question Three Kant’s deontology ethics involves the belief of actions being immoral despite the outcome.   Kant did not put faith in the consequences of people’s actions but the actions themselves; thus leaving the effect of a scenario out of the equation of morality.   This ethical stance was part of Kant’s philosophy and he believed that the absolutism of deontology was the correct course of action despite circumstances. For Mill on the other hand, his theory of utilitarianism was in stark contrast to Kant’s theory of deontology.   Utilitarianism speaks toward the action of a person directly results the outcome.   Thus, the truth is always the correct path in Kant’s philosophy while the outcome of a lie being the pathway to truth or justice is the course of Mill’s philosophy. In a situation where Kant and Mill were able to converse, there would be several issues on which they would agree, as well as many on which they would fervently argue. With Mill’s dedication to the understanding of natural sciences/economy, and his studies into the harm theory as it applies to humanity, he would be at odds with the strong religious conviction of Kant.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   For Kant, the existence of God was the principle motivating factor of his studies. His work dealt with the â€Å"constructing an adequate theoretical argument for the existence of God†. (Rossi) His early work was founded on, rather than the proof of God as a being to be worshipped, the idea that God was fundamentally provable through mathematics. Kant will argue that the concept of God properly functions only as a â€Å"regulative† — i.e., limiting —   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   principle in causal accounts of the spatio-temporal order of the world. Kants critical philosophy thus undercuts what rationalist metaphysics had offered as proofs for the   Ã‚  Ã‚  Ã‚  Ã‚   existence of God. On the other hand, the critical philosophy does more than simply dismantle the conceptual scaffolding on which previous philosophical accounts of the concept of God had been constructed. (Rossi) To this end, Kant spent his life in study of the pursuit of finding God in science and mathematics that man had developed.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   John Stuart Mill, on the other hand, felt that the harm principle was the ruling factors of world existence. John Stuart Mill’s argues in On Liberty that the use of the harm theory, or harm principle is that a state of government must ensure the quality of liberty just so long as the actions committed in the cause of liberty are not detrimental to the activists.   That is to say that the government may interfere in order to prevent harm.   The following paper will discuss Mill’s harm principle and its application to government in regards to restrictions and controls.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Mill argues for the doctrine of liberty.   Mill means to define the role of a person in society and as such the limited amount of coercion consistent in society that should affect that individual, â€Å"No society in which these liberties are not, on the whole, respected, is free, whatever may be its form of government; and none is completely free in which they do exist absolute and unqualified† (Mill).   Mill is stating that although these qualities are liberty come at a cost in no society would they be considered free because of the forms of government in which the world adheres. Question Four Nietzsche restricts the presence of God in his equation by saying that the concepts of good and evil have changed with the progression of history and that these two paradigms of human behavior and secular code will continue to evolve toward the demands of a changing society. Nietzsche, therefore, makes the argument that morals are constructs of the times in which we will and have evolved much as human beings have over the ages, but that this is not necessarily a good thing because it is meant as a manner of preventing others from having control over us. This is because people inherently wish to exercise power over others and morals are a way of leveling things off so that the strongest members of society do not dominate, as Nietzsche emphasizes, The pathos of nobility and distance, as mentioned, the lasting and domineering feeling, †¦something total and complete, of a higher ruling nature in relation to a lower nature, to an beneath—that is the origin of the opposition between good and bad. (The right of the master to give names extends so far that we could permit ourselves to grasp the origin of language itself as an expression of the power of the rulers: they say that is such and such, seal every object and event with a sound and, in so doing, take possession of it.) (Nietzsche) In the Genealogy of Morals, Friedrich Nietzsche presents his idea about the morality of human beings and why it is flawed: Nietzsche begins by discounting many of society’s assumptions on how they function in life, as he believes that we tend to view things as having inherent meanings But all purposes, all uses, are only signs that a will to power has become master over something †¦with less power and has stamped on it its own meaning of some function, and the entire history of a thing, an organ, a practice can by this process be seen as a continuing chain of signs of constantly new interpretations and adjustments, whose causes need not be connected to each other—they rather follow and take over from each other under merely contingent circumstances. (Nietzsche) Nietzsche uses punishment as an example in this case, as human beings tend to believe that punishment is an action that happens to a person as a result of that person doing something that he or she deserves to be punished, although counter to this Nietzsche also states that suffering is meaningless and therefore, punishment may also with Nietzche’s own philosophy be meaningless. He would argue that punishment is completely separate from this, however, as punishment is very often used as a way of showing off one’s power or in some cases, as an act of cruelty. This suggests that the punishment does not always fit the crime, as the clichà © is written, so those two things should not necessarily be associated with each other. It cannot be understood how these two things are the same thing, so it is necessary to keep them separate. Nietzsche then continues this argument to show how morality has arrived at the point that it is at right now. Nietzsche argues that all of existence, especially in human beings, is a struggle between different wills for the feeling of power. This means that society wishes to have some sort of control over their own lives and also over the lives of others. This is why competition and the nature of this in man is so prevalent in society, Rather, that occurs for the first time with the collapse of aristocratic value judgments, when this entire contrast between egoistic and unegoistic pressed itself ever more strongly into human awareness—it is, to use my own words, the instinct of the herd which, through this contrast, finally gets its word (and its words). And even so, it took a long time until this instinct in the masses became ruler, with the result that moral evaluation got downright hung up and bogged down on this opposition (as is the case, for example, in modern Europe: today the prejudice that takes moralistic, unegoistic, dà ©sintà ©ressà © [disinterested] as equally valuable ideas already governs, with the force of a fixed idea and a disease of the brain). (Nietzsche) It is all a competition to achieve this power, even if there is no physical reward for winning these competitions. Nietzsche shows the constant changing of the ideologies of good and bad by stating that in past generations, the concept of good was defined by the strongest people in society. In barbaric times, anything that the stronger members of society did was defined as good, while the weaker members of society were seen as bad. This is not something that we would agree upon today, but members of these past societies would not agree with the way we do things either. Therefore, Nietzsche believes that to give anything an absolute interpretation does not work because as the times change, so will this interpretation. It is wills which define this, so as wills change, so will the apparent truth. If it is truly desirable to have free will, therefore, a person must not believe in any absolutes, but rather view the world as a constantly changing place and let our wills define the things that are occurring around and in society. This includes looking at things from as many different perspectives as possible in order to decide contingently upon personal perspectives which viewpoint a person wishes to make. This can also be applied to morality as, since nothing is absolute, morals are constantly changing as well. Morality is not something that was passed down from God to human beings, but is rather something that has evolved and changed since the beginning of time and will continue to do so. The only thing that has not change in human beings is that they inherently have the desire to achieve more power over their fellow human beings, because of the existence of free wills. This means that the present morality that human beings possess has been born due to hatred for those things that are stronger in the presence of society. Nietzsche argues that a person will have fear of things that could possibly have power over them, so a person must have developed this moral code in order to protect themselves from the stronger members of society. Nietzsche believes that a person must embrace these animalistic instincts because a person is currently hurting themselves by repressing them. Work Cited Cooper, J.M.   Plato Complete Works.   Hackett Publishing Company.   1997. Descartes, Rene. n.d. â€Å"Meditations on First Philosophy.† 10 March 2008 http://oregonstate.edu/instruct/phl302/texts/descartes/meditations/meditations.html Mill, John Stuart.   Utilitarianism.   Online.   10 March 2008:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   http://ethics.sandiego.edu/utilitarianism.html Nietzsche, F.   Genealogy of Morals.   Online.   10 March 2008.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   http://books.google.com/books?id=OwGPCsLiBlwCdq=nietzsche+genealogy+of+mor  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   lspg=PP1ots=rTBJrGtorHsig=vLolmBFHWUdXa7z8_CxzfIlj18Ahl=enprev=h  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   tp://www.google.com/search?hl=enclient=firefox-arls=org.mozilla:en  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   US:officialhs=ymYpwst=1sa=Xoi=spellresnum=0ct=resultcd=1q=Nietz  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   che+genealogy+of+moralsspell=1oi=printct=titlecad=one-book-with-thumbnail Rossi, Phillip. â€Å"Kant’s Philosophy of religion†. Stanford Encyclopedia of Philosophy. June  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2004. 10 March 2008. URL: http://plato.stanford.edu/entries/kant-religion/

Friday, September 20, 2019

Lesbian Gay Bisexual And Transgender Media Essay

Lesbian Gay Bisexual And Transgender Media Essay Most of the respondents are found to possess at least a little knowledge about the LGBT (Lesbian, Gay, Bisexual and Transgender) group as it has been found in the survey questionnaire data that most respondents heard and are aware of existence of LGBT. Majority of the respondents approach and expose to media daily, according to the data collected from the survey questionnaires. This means that they have a better understanding of what is the content of media better than those who expose less to media. If there is any information or news about the LGBT group, this group of people will be the first to know and the group who will discuss the most as they approach to the media daily. This made the credibility of respondents and the data collected from them are higher because they understands and approach more to the media, as this research study about the perception gained from media. Among the many kinds of media, a greater number of respondents approach more to the new media. As the internet is not fully controlled by the government unlike other media, the information gained from internet is different from local media. LGBT related information and news can be found more on the internet, as individuals can access to various LGBT related web sites. If the individuals want to know more about the LGBT group, the internet is definitely a better choice compare to the local media. A large part of respondents are aware of the LGBT portrayal are also believed to obtain related information more from the new media, as it can be seen rarely on the local media. Most respondents think that the media in Malaysia does not portray and expose the LGBT group sufficiently as they might not see the related information and article on the local media often. The LGBT related news can still be seen from time to time, but rarely. When there are news about the group, most respondents thinks that it is negative portrayal towards the LGBT group. It might be caused by the news shown are usually not happy news, like they are attacked, robbed or failed a law case. Although most of the time LGBT are being portrayed not positively by the media, more than half respondents still feels neutral about LGBT group after the exposure of media. It is believed that the respondents already possess some information about the LGBT even before exposure of media, and have their own impression and impression towards the group. Their perceptions are still not changed by the media even after negative portrayal of LGBT group in media. A majority number of total respondents find that the portrayal of LGBT group in media is not similar to the reality. One of the reasons might be the respondents already have friends or know someone from the LGBT group in real life, when they starts to understand about them, they find the media portrayal is different to reality. 5.2 Discussion Throughout the research data collection process, it has been found that the data collected from respondents are not quite similar to the articles and information collected in literature review. Although the articles collected so far discusses about the discrimination issues of LGBT in Malaysia, it has been found that the information are different from information gained from respondents who answers the questionnaires. From the articles that have been collected, it can be seen that LGBT suffers from attacks and robbery due to the discrimination issue. However from the data collected from survey, it can be seen that the most of respondents do not view the LGBT group negatively. In fact, they view the group as neutral and view them equally. Other than that, the data collected in the survey questionnaires are seen to be similar with the articles that were discussed. In the local Malaysian media, the media portrayal is not much enough, resulting in the audienceà ¢Ã¢â€š ¬Ã¢â€ž ¢s lack of knowledge about LGBT related information, and often causes misunderstanding towards the group. The respondents who participate in the data collection also, agree about this. Most of the respondents thinks that media does not expose the LGBT group sufficiently. In the previous articles, it is also found that the media portrays the LGBT group differently. It is seen to be more negative as all the news is being attacked, robbed or law suits. Positive news about the LGBT related matter can hardly be seen on the media, causing most of the public perception to be more negative towards the group. In the data collection survey, the results are also similar. Large numbers of respondents agree that the media portrayal is negative towards the LGBT related information, and it is different compare to the reality. 5.3 Conclusion As conclusion, although the LGBT news can rarely be seen in the local media, the public seems to possess some knowledge about the group. It could be someone they know in real life, their peer group or colleague. Which is why, what and how the media portray does not affect much about the respondents because they already have their own perception about the term LGBT. The media, although did not portray the group in a very negative way, did not portray the group in positive manner either. The news and articles that can be seen on the media are usually robbed, attacked and other similar news. The news about positive LGBT attitude is not seen in the media, causing the information about LGBT to be a little bit stereotypes on the mainstream media. Many respondents also agrees the fact that what are the media portraying about the LGBT group are not similar to the reality, as they are not like what are being portrayed and said on the media. A very high percentage of respondents generally feel neutral to the LGBT matters before and after exposure of media. Some agree that it is human rights that should be respected, and some state that they should be accepted as they are, because they are also human being. 5.4 Limitation One of the limitation is the matter discussed is still a very sensitive issue all over the world, not to mention that Malaysia is an Islamic country that does not approve gay rights. The matter, if discussed in public, will surely stir up a big commotion among the society. Some respondents also did not answers the question open mindedly because of their religious view. Some are extremely bias towards the LGBT group and does not like the idea of the group exposing themselves in the public, and thinks that it is not moral. Although most of the respondents think neutrally about the matter, there are still a small group of respondents who carry bias and think that the matter is an issue that should not be discussed in public. 5.5 Suggestion for future research It is suggested that for future research, the scope may be narrowed down to different types of media (eg. Printed media, broadcast media). Although it is more difficult in data collecting process and looking for subjects, it will enable the data collected to be more precise and detailed. The research can also be done to a specific group of respondents, for example only target on homosexuals, and to see if the research carry what result compare to general audience.

Thursday, September 19, 2019

Working Mothers :: essays research papers fc

Working Mothers Many women today are facing choices that their mothers never had to face. One of these choices is whether or not to go back to work after having a child. This was practically unheard of in the 1950's. In the 1990's it is not whether the mother will or will not go back to work, rather a question of when. When did the choice become set in stone? Why do the mothers of today have to work outside the home versus working in the home, much like their mothers did. When one thinks of the subject of working mothers, many differing opinions come to mind. What will happen to the child, will the mother have sufficient time to bond with the baby, how will household chores be divided, and so on. When thinking of working women, two models come to mind. One of which is paid employment that has a protective and beneficial mediating effect. Employment protects women against certain negative aspects of being full-time homemakers and mothers, such as monotonous housework, dependence on the male partner for financial and emotional support, increases self-esteem because they are contributing to the world they live in. These women receive a renewed interest in life because they are in the thick of it. They are living life to the fullest. This model is the one that is constantly referred to as â€Å"bad† because it paints the woman as someone who does not really care about the effect of working will have on the baby. In fact, most of these mothers have made this choice with painstaking care. They are constantly feeling what everyone is thinking, and this in turn causes undue stress on these mothers. The other model of the working mom is the one most people think of when discussing working mothers. This model is one of a woman having too many demands of her -- housewife, mother and paid employee - which may lead to role strain due to fatigue and role overload. The competing demands of such roles may also lead to conflict and psychological stress. Both of these models can be seen in the working mother at any given time. They are simply a fact of life, a by product of the world in which we live. Mothers are constantly jumping back and forth in these roles, striving to find a sense of balance. But is there such a thing? Most of the time the scales are tipped one way or another, there is never a true sense of balance. I believe this is how the mothers survive. Working Mothers :: essays research papers fc Working Mothers Many women today are facing choices that their mothers never had to face. One of these choices is whether or not to go back to work after having a child. This was practically unheard of in the 1950's. In the 1990's it is not whether the mother will or will not go back to work, rather a question of when. When did the choice become set in stone? Why do the mothers of today have to work outside the home versus working in the home, much like their mothers did. When one thinks of the subject of working mothers, many differing opinions come to mind. What will happen to the child, will the mother have sufficient time to bond with the baby, how will household chores be divided, and so on. When thinking of working women, two models come to mind. One of which is paid employment that has a protective and beneficial mediating effect. Employment protects women against certain negative aspects of being full-time homemakers and mothers, such as monotonous housework, dependence on the male partner for financial and emotional support, increases self-esteem because they are contributing to the world they live in. These women receive a renewed interest in life because they are in the thick of it. They are living life to the fullest. This model is the one that is constantly referred to as â€Å"bad† because it paints the woman as someone who does not really care about the effect of working will have on the baby. In fact, most of these mothers have made this choice with painstaking care. They are constantly feeling what everyone is thinking, and this in turn causes undue stress on these mothers. The other model of the working mom is the one most people think of when discussing working mothers. This model is one of a woman having too many demands of her -- housewife, mother and paid employee - which may lead to role strain due to fatigue and role overload. The competing demands of such roles may also lead to conflict and psychological stress. Both of these models can be seen in the working mother at any given time. They are simply a fact of life, a by product of the world in which we live. Mothers are constantly jumping back and forth in these roles, striving to find a sense of balance. But is there such a thing? Most of the time the scales are tipped one way or another, there is never a true sense of balance. I believe this is how the mothers survive.

Wednesday, September 18, 2019

Criminology Reflection :: Criminology

Over the years I have been a faithful fan of anything crime related; the anatomy of a crime, from the crime itself, to the investigation, and finally the court for trial and sentencing. I enjoyed the process. The internet became an interesting tool for me to learn all the different things I wanted to know about the subject of crime. I would see something in the media or on television but kept a neutral point of view about technology that was used on a program. Logically speaking, if a crime could be solved in 47 minutes and DNA results took weeks or months, not minutes to process than would it not make sense that real life crimes would be solved far quicker in the name of swift justice. This is the reason why I enjoy learning in a real world environment about different aspects of criminology. I must admit I did feel as though I had a good basic grasp of what forensic science is, but this class helped to put some missing pieces in place. There were several areas that piqued my interest and made me want to learn more such as ethics, more importantly, the need to be ethical in the collection of evidence, processing of evidence, and the testimony that is given in trial. The need to be ethical should be expected as part of a person’s character, especially when presenting something that could prove guilt or innocence, naà ¯ve as that might sound. However, we live in the real world and someone’s ethical behavior can come into question. For instance, a first responder who took pictures of a mangled car and a dead body, and suddenly it has gone viral, perhaps even making profit from the photo or video (in this case it was just for sick humor). Dayna Kempson-Schacht had been in a deadly car accident, and a local firefighter had captured video of the victim, which eventually ended up on the internet, going viral, for the entire world to see. The parents eventually viewed to video of their daughter’s last moments. The firefighter was heard saying "Look at that piece of skull right there on the console.† This type of behavior is unacceptable in the realm of public safety (Hayes, 2010). This extends to all aspects of criminal justice. Even cases such as O.J. Simpson (clichà © I know) have raised questions about the ethical behavior at the crime scene about how the evidence was collected and processed, not to mention possible racial bias and planting of evidence as a direct result.

Tuesday, September 17, 2019

Practicum Report

PRACTICUM REPORT In partial fulfillment Of the requirement in Accounting 330a Presented to: Prof. Teresita Crucero Dean College of Business and Accountancy Central Philippine University Jaro, Iloilo City Presented by: Mary Ann Christi M. Espinosa Bachelor of Science in Management Accounting October 2011 TABLE OF CONTENTS Title Page———- Table of Contents——— Narrative Report——— Analysis Report——— Introduction Letter——— Practicum Rating——— Daily Time Record——— Exam Permits———- Attendance Slips——— Application Form for Practicum——- Parental Consent Form——– Log Book/Daily Diaries——– INTRODUCTION NARRATIVE Internship or on the job training or practicum is one way by which we students are given an opportunity to apply the theories and computations that we have learned from school. It also helps us to obtain applicable knowledge and skills by performing in actual work setting. College and Universities require their students to undergo such training within a specific number of hours as part of the curriculum. For us students, a practicum or internship program provides opportunities to go through the actual methodologies of a specific job using the real tools, equipments and documents. In effect the workplace becomes a development venue for us student trainee to learn more about our chosen field and practice what we have learned from the university. On the other hand, a valuable OJT/Practicum program also profits the companies who accept trainees. First trainee provides extra manpower for a significant labor cost than a regular employee. Most of them are eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as method of recruiting employees. Since the trainer or supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make good recruit after the completion of his internship. We trainees can bring fresh ideas in the organization. Given the opportunity to converse our minds freely and without fear, we may be able to contribute significantly in the brainstorming or research and eventually help improve the organizations productivity. While training the interns, employers are in fact teaching their employees to guide the trainees by stretching their patience, develop teaching skills and make them more sensitive to the needs and mindset of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, the internship also becomes an avenue in training for future managers of the company. Accepting on the job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. There is wisdom in the front lines. Such training can be investment that will be valuable to the company later on. This is also why us trainees should take our internship seriously as it can be a powerful tool and possibly even a source of recommendation when they take that big lift from being students to career professionals. Every day, man learns something. It is in his system to learn and discover. Man was born for this. It is an instinct to search for answers in order to satisfy their questions. Save it to their memory and use it in their daily lives. I am on my last semester as a Management Accounting student, I take pride for what I have achieved at this time of my life plus the fact that it’s not easy to maintain a cut-off grade in most of my Accounting subjects in order for me to stay and graduate as a bachelor in Management Accounting. With regards to my off campus practicum, our school sends us to different offices to put our theoretical learning into practical applications. PUDADERA ACCOUNTING OFFICE is located in Arguelles Street, Jaro Iloilo City. It is a ten minute walk from the 6th gate of Central Philippine University. The two-storied building was built in a subdivision with the calm atmosphere of the community and its landscape. The appearance of the building is well harmonized with the surroundings. However, it gives guests the impression of dignity and openness. Directly inside the main entrance, Pudadera Accounting Office has a small but welcoming lobby with a natural concrete floor, stylish but difficult to walk on heels. There are several chairs arranged against the wall and a side table which are placed the company’s newspapers and other publications. The receptionist’s desk is facing the entrance door, and behind it sits two friendly women. Passing through the receptionists’ area which is directly leads to the main office. The area is small but it is well arranged to welcome the clients as well as guests. The receiving area has a big square table in the middle with a large window overlooking the exterior. The remainder of the office space is segmented with partitioning walls, forming a sort cubicle. The office starts its operation from 9am to 6pm from Mondays to Friday and 9am to 12nn during Saturdays. The office is closed on Sundays and during Holidays. To grow and create value, the company must have the trust of its clients, lenders and investors. The office assists their clients in the proper applications of accounting principles that will become effective. They also assist in completing certain requirements under existing rules and regulations of regulatory bodies such as the Security and Exchange Commission (SEC) and others. The office reviews financial information based on agreed-upon procedures, assisting acquirers/investors in determining factors affecting the price and post-acquisition financial issues and providing integrated support throughout the acquisition process. They also provide advice and assistance with the registration and reporting requirements of government agencies relating to tax and/ or investment incentives granted under various investment laws and regulations as administered by the Securities and Exchange Commission, Department of Trade and Industry, Bangko Sentral ng Pilipinas, Local Government and etc. It also can provide assistance in determining a company’s tax liabilities, preparing related returns and remitting these taxes to regulatory agencies within the prescribed deadlines. Some of the clients also ask the office to do the payroll and also provides assistance in Social Security System and Philippine Health Insurance application and payments on their own employees. As I stepped in to the accounting office, the first task I did was to update the books of the firm’s clients. Bookkeeping is the process of recording and classifying business financial transactions, or to put it another way, the process of maintaining the records of a business’s financial activities. The objective in bookkeeping is to create a useable summary of financial transactions, which provides a snapshot of the business’s financial stability. The most basic form of accounting is the single-entry system. In this system, you record each transaction only once, as either a deposit or as an expense. This system is generally used to determine the profit/loss of a business. However, the preferred system is the double-entry system. The double-entry system is more accurate, and has built-in checks and balances. In this system, each transaction is recorded twice, in each â€Å"account† it affects. This is a more thorough method of keeping a business’s financial transaction in order. Bookkeeping; As part of the business science of accounting, it represents the daily tasks of tracking its financial transaction of a business and recording it correctly. This includes a sale, purchase of equipment and supplies, investment income for the month, or internal transfer of funds. As a bookkeeper, I have the access to all the daily transaction data for a particular client. Amongst the books that I have updated, the office uses single-entry method of bookkeeping. The approach is very streamlined, tracking only accounts associated directly with money coming in and money being spent by the business which many new businesses and sole proprietors accustomed to. All of this data is then rolled up regularly into a report based on a cash flow structure, showing starting balance, how much new money was earned, how much was spent, and finally a remaining net balance for the period. There are three basic elements of bookkeeping: assets, liabilities, and net assets. Assets are all items used in the operation or investment activities of a business. This category includes all property, or items of value, owned by a business. Examples include cash, buildings, land, vehicles, tools, inventory, office supplies, furniture, investments, and accounts receivable (any funds owed to the business). Increases in assets are called debits. Decreases in assets are called credits. Generally, various assets are referred to as debit accounts. Liabilities are claims by creditors to the assets of a business, or debts owed by the business to others. Types of liabilities include loans, notes payable, and lines of credit. Net assets are the equity earned by the business. Net assets are the value of the business once all liabilities have been paid. It can also be called owner’s equity, capital, net worth, profit, or proprietorship. There are also several other things to keep in mind when considering a company’s net assets: †¢ Revenue is the increase in net worth resulting from the operations and other activities of the business. Revenue includes income earned through the business’s services, interest earned on investments, and contributions from individuals or foundations. Although net assets are considered to be credit accounts, sources of revenue are actually considered to be debit accounts. Expenses are the costs of doing business. This includes the cost of goods, fixed assets, and services/supplies used in the business’s operations. Examples of expenses include salaries, rent, travel expenses, and the costs of supplies and utilities. Expenses are credit accounts. †¢ Net assets are calculated by subtracting tot al expenses from total revenue, on a yearly basis. Whenever revenue is received, net assets increase. Whenever expenses are paid, net assets decrease. The paper side of bookkeeping is managed through ledgers. Each account has a ledger to show each financial change that has occurred to the account. Sales account shows every sale made in a period by peso amount. It will also show corrections made to the account if there was an error or a bad posting. Eventually, for reporting, all the ledgers used are rolled into one combined report, which then tells management how money was earned and spent for the time period tracked. All business transactions result in at least two changes to the bookkeeping equation. In other words, a transaction that changes a business’s assets must also change that business’s liabilities or net assets. Some transactions increase accounts. If a business’s assets increase, then there must also be an increase in either liabilities or net assets. Other transactions can decrease accounts. If a business’s assets decrease, so must either its liabilities or its net assets. Bookkeeping goes hand in hand with taxes. Bookkeeping is the process of keeping track of business income and expenses tallying them over time. Taxes are sums that you must pay to government institutions relative to the income and expenses that you tally by means of bookkeeping process. As a practicum, it is our duty to update each of the client’s books. If we keep the books up to date, it can be relatively simple to file tax returns. Most tax returns involve transferring bookkeeping totals and multiplying them by tax rates. The office maintains a file of receipts for each of the client each month. ANALYSIS Strategizing An up-to-date bookkeeping system enables you to develop strategies to minimize the amount of tax you owe. Income tax rates increase as your income level rises. If you know that you will earn less during an upcoming calendar year, you may choose to make capital expenditures that will lower your tax burden during a year when your overall tax rate will be higher. If your bookkeeping is current and you only need to perform simple calculations to file taxes, you are less likely to accrue penalties and interest on late filings and payments. Running a business means being vigilant about your bookkeeping so that you always know where you stand. If you have a small business, or are in charge of bookkeeping for a business, then you should know some basic accounting and bookkeeping rules to make sure that you're able to run your business smoothly, with no hiccups in the financial department. Choose a System * When starting your bookkeeping, you need to choose a system for doing it. Most businesses choose a cash or accrual system. In a cash system, the bookkeeper records all cash coming in and going out as it is received. For instance, you may make a sale on Friday, but the check doesn't come until Monday, so you record it on Monday. With accrual, you record things when they happen. You would record the sale on Friday and account for the money then, even if you didn't yet receive it. Choosing your system relates mostly to how you do business, if you are vigilant about always having the funds on hand, or if you don't mind doing some of your business on credit. Choose the method that works best for your company. Maintain Your Books * As a bookkeeper or small business owner, you should be updating and maintaining your books daily. It can be easy to put off an entry until tomorrow, but to keep things organized and orderly, you should be entering things in the books as they happen. Resist the urge to leave things until another day. With books, you're dealing with numbers and money, and any small mistake can have big consequences. Make it easier on yourself by maintaining the books daily. Take a few minutes to update and assess, so you are continually in the loop of your financial situation. Leave a Paper Trail * When keeping books, it's important to always do things in order, to number checks and enter them chronologically with all of the information at hand. You should have records of every single financial move you make, through accounting slips, receipts and receiving orders. If, for some reason, you are targeted by the IRS for an audit, they'll want to see clean books with correct records. Leaving a paper trail in everything you do financially with the business is essential to bookkeeping. Practicum Report PRACTICUM REPORT In partial fulfillment Of the requirement in Accounting 330a Presented to: Prof. Teresita Crucero Dean College of Business and Accountancy Central Philippine University Jaro, Iloilo City Presented by: Mary Ann Christi M. Espinosa Bachelor of Science in Management Accounting October 2011 TABLE OF CONTENTS Title Page———- Table of Contents——— Narrative Report——— Analysis Report——— Introduction Letter——— Practicum Rating——— Daily Time Record——— Exam Permits———- Attendance Slips——— Application Form for Practicum——- Parental Consent Form——– Log Book/Daily Diaries——– INTRODUCTION NARRATIVE Internship or on the job training or practicum is one way by which we students are given an opportunity to apply the theories and computations that we have learned from school. It also helps us to obtain applicable knowledge and skills by performing in actual work setting. College and Universities require their students to undergo such training within a specific number of hours as part of the curriculum. For us students, a practicum or internship program provides opportunities to go through the actual methodologies of a specific job using the real tools, equipments and documents. In effect the workplace becomes a development venue for us student trainee to learn more about our chosen field and practice what we have learned from the university. On the other hand, a valuable OJT/Practicum program also profits the companies who accept trainees. First trainee provides extra manpower for a significant labor cost than a regular employee. Most of them are eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as method of recruiting employees. Since the trainer or supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make good recruit after the completion of his internship. We trainees can bring fresh ideas in the organization. Given the opportunity to converse our minds freely and without fear, we may be able to contribute significantly in the brainstorming or research and eventually help improve the organizations productivity. While training the interns, employers are in fact teaching their employees to guide the trainees by stretching their patience, develop teaching skills and make them more sensitive to the needs and mindset of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, the internship also becomes an avenue in training for future managers of the company. Accepting on the job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. There is wisdom in the front lines. Such training can be investment that will be valuable to the company later on. This is also why us trainees should take our internship seriously as it can be a powerful tool and possibly even a source of recommendation when they take that big lift from being students to career professionals. Every day, man learns something. It is in his system to learn and discover. Man was born for this. It is an instinct to search for answers in order to satisfy their questions. Save it to their memory and use it in their daily lives. I am on my last semester as a Management Accounting student, I take pride for what I have achieved at this time of my life plus the fact that it’s not easy to maintain a cut-off grade in most of my Accounting subjects in order for me to stay and graduate as a bachelor in Management Accounting. With regards to my off campus practicum, our school sends us to different offices to put our theoretical learning into practical applications. PUDADERA ACCOUNTING OFFICE is located in Arguelles Street, Jaro Iloilo City. It is a ten minute walk from the 6th gate of Central Philippine University. The two-storied building was built in a subdivision with the calm atmosphere of the community and its landscape. The appearance of the building is well harmonized with the surroundings. However, it gives guests the impression of dignity and openness. Directly inside the main entrance, Pudadera Accounting Office has a small but welcoming lobby with a natural concrete floor, stylish but difficult to walk on heels. There are several chairs arranged against the wall and a side table which are placed the company’s newspapers and other publications. The receptionist’s desk is facing the entrance door, and behind it sits two friendly women. Passing through the receptionists’ area which is directly leads to the main office. The area is small but it is well arranged to welcome the clients as well as guests. The receiving area has a big square table in the middle with a large window overlooking the exterior. The remainder of the office space is segmented with partitioning walls, forming a sort cubicle. The office starts its operation from 9am to 6pm from Mondays to Friday and 9am to 12nn during Saturdays. The office is closed on Sundays and during Holidays. To grow and create value, the company must have the trust of its clients, lenders and investors. The office assists their clients in the proper applications of accounting principles that will become effective. They also assist in completing certain requirements under existing rules and regulations of regulatory bodies such as the Security and Exchange Commission (SEC) and others. The office reviews financial information based on agreed-upon procedures, assisting acquirers/investors in determining factors affecting the price and post-acquisition financial issues and providing integrated support throughout the acquisition process. They also provide advice and assistance with the registration and reporting requirements of government agencies relating to tax and/ or investment incentives granted under various investment laws and regulations as administered by the Securities and Exchange Commission, Department of Trade and Industry, Bangko Sentral ng Pilipinas, Local Government and etc. It also can provide assistance in determining a company’s tax liabilities, preparing related returns and remitting these taxes to regulatory agencies within the prescribed deadlines. Some of the clients also ask the office to do the payroll and also provides assistance in Social Security System and Philippine Health Insurance application and payments on their own employees. As I stepped in to the accounting office, the first task I did was to update the books of the firm’s clients. Bookkeeping is the process of recording and classifying business financial transactions, or to put it another way, the process of maintaining the records of a business’s financial activities. The objective in bookkeeping is to create a useable summary of financial transactions, which provides a snapshot of the business’s financial stability. The most basic form of accounting is the single-entry system. In this system, you record each transaction only once, as either a deposit or as an expense. This system is generally used to determine the profit/loss of a business. However, the preferred system is the double-entry system. The double-entry system is more accurate, and has built-in checks and balances. In this system, each transaction is recorded twice, in each â€Å"account† it affects. This is a more thorough method of keeping a business’s financial transaction in order. Bookkeeping; As part of the business science of accounting, it represents the daily tasks of tracking its financial transaction of a business and recording it correctly. This includes a sale, purchase of equipment and supplies, investment income for the month, or internal transfer of funds. As a bookkeeper, I have the access to all the daily transaction data for a particular client. Amongst the books that I have updated, the office uses single-entry method of bookkeeping. The approach is very streamlined, tracking only accounts associated directly with money coming in and money being spent by the business which many new businesses and sole proprietors accustomed to. All of this data is then rolled up regularly into a report based on a cash flow structure, showing starting balance, how much new money was earned, how much was spent, and finally a remaining net balance for the period. There are three basic elements of bookkeeping: assets, liabilities, and net assets. Assets are all items used in the operation or investment activities of a business. This category includes all property, or items of value, owned by a business. Examples include cash, buildings, land, vehicles, tools, inventory, office supplies, furniture, investments, and accounts receivable (any funds owed to the business). Increases in assets are called debits. Decreases in assets are called credits. Generally, various assets are referred to as debit accounts. Liabilities are claims by creditors to the assets of a business, or debts owed by the business to others. Types of liabilities include loans, notes payable, and lines of credit. Net assets are the equity earned by the business. Net assets are the value of the business once all liabilities have been paid. It can also be called owner’s equity, capital, net worth, profit, or proprietorship. There are also several other things to keep in mind when considering a company’s net assets: †¢ Revenue is the increase in net worth resulting from the operations and other activities of the business. Revenue includes income earned through the business’s services, interest earned on investments, and contributions from individuals or foundations. Although net assets are considered to be credit accounts, sources of revenue are actually considered to be debit accounts. Expenses are the costs of doing business. This includes the cost of goods, fixed assets, and services/supplies used in the business’s operations. Examples of expenses include salaries, rent, travel expenses, and the costs of supplies and utilities. Expenses are credit accounts. †¢ Net assets are calculated by subtracting tot al expenses from total revenue, on a yearly basis. Whenever revenue is received, net assets increase. Whenever expenses are paid, net assets decrease. The paper side of bookkeeping is managed through ledgers. Each account has a ledger to show each financial change that has occurred to the account. Sales account shows every sale made in a period by peso amount. It will also show corrections made to the account if there was an error or a bad posting. Eventually, for reporting, all the ledgers used are rolled into one combined report, which then tells management how money was earned and spent for the time period tracked. All business transactions result in at least two changes to the bookkeeping equation. In other words, a transaction that changes a business’s assets must also change that business’s liabilities or net assets. Some transactions increase accounts. If a business’s assets increase, then there must also be an increase in either liabilities or net assets. Other transactions can decrease accounts. If a business’s assets decrease, so must either its liabilities or its net assets. Bookkeeping goes hand in hand with taxes. Bookkeeping is the process of keeping track of business income and expenses tallying them over time. Taxes are sums that you must pay to government institutions relative to the income and expenses that you tally by means of bookkeeping process. As a practicum, it is our duty to update each of the client’s books. If we keep the books up to date, it can be relatively simple to file tax returns. Most tax returns involve transferring bookkeeping totals and multiplying them by tax rates. The office maintains a file of receipts for each of the client each month. ANALYSIS Strategizing An up-to-date bookkeeping system enables you to develop strategies to minimize the amount of tax you owe. Income tax rates increase as your income level rises. If you know that you will earn less during an upcoming calendar year, you may choose to make capital expenditures that will lower your tax burden during a year when your overall tax rate will be higher. If your bookkeeping is current and you only need to perform simple calculations to file taxes, you are less likely to accrue penalties and interest on late filings and payments. Running a business means being vigilant about your bookkeeping so that you always know where you stand. If you have a small business, or are in charge of bookkeeping for a business, then you should know some basic accounting and bookkeeping rules to make sure that you're able to run your business smoothly, with no hiccups in the financial department. Choose a System * When starting your bookkeeping, you need to choose a system for doing it. Most businesses choose a cash or accrual system. In a cash system, the bookkeeper records all cash coming in and going out as it is received. For instance, you may make a sale on Friday, but the check doesn't come until Monday, so you record it on Monday. With accrual, you record things when they happen. You would record the sale on Friday and account for the money then, even if you didn't yet receive it. Choosing your system relates mostly to how you do business, if you are vigilant about always having the funds on hand, or if you don't mind doing some of your business on credit. Choose the method that works best for your company. Maintain Your Books * As a bookkeeper or small business owner, you should be updating and maintaining your books daily. It can be easy to put off an entry until tomorrow, but to keep things organized and orderly, you should be entering things in the books as they happen. Resist the urge to leave things until another day. With books, you're dealing with numbers and money, and any small mistake can have big consequences. Make it easier on yourself by maintaining the books daily. Take a few minutes to update and assess, so you are continually in the loop of your financial situation. Leave a Paper Trail * When keeping books, it's important to always do things in order, to number checks and enter them chronologically with all of the information at hand. You should have records of every single financial move you make, through accounting slips, receipts and receiving orders. If, for some reason, you are targeted by the IRS for an audit, they'll want to see clean books with correct records. Leaving a paper trail in everything you do financially with the business is essential to bookkeeping. Practicum Report PRACTICUM REPORT In partial fulfillment Of the requirement in Accounting 330a Presented to: Prof. Teresita Crucero Dean College of Business and Accountancy Central Philippine University Jaro, Iloilo City Presented by: Mary Ann Christi M. Espinosa Bachelor of Science in Management Accounting October 2011 TABLE OF CONTENTS Title Page———- Table of Contents——— Narrative Report——— Analysis Report——— Introduction Letter——— Practicum Rating——— Daily Time Record——— Exam Permits———- Attendance Slips——— Application Form for Practicum——- Parental Consent Form——– Log Book/Daily Diaries——– INTRODUCTION NARRATIVE Internship or on the job training or practicum is one way by which we students are given an opportunity to apply the theories and computations that we have learned from school. It also helps us to obtain applicable knowledge and skills by performing in actual work setting. College and Universities require their students to undergo such training within a specific number of hours as part of the curriculum. For us students, a practicum or internship program provides opportunities to go through the actual methodologies of a specific job using the real tools, equipments and documents. In effect the workplace becomes a development venue for us student trainee to learn more about our chosen field and practice what we have learned from the university. On the other hand, a valuable OJT/Practicum program also profits the companies who accept trainees. First trainee provides extra manpower for a significant labor cost than a regular employee. Most of them are eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as method of recruiting employees. Since the trainer or supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make good recruit after the completion of his internship. We trainees can bring fresh ideas in the organization. Given the opportunity to converse our minds freely and without fear, we may be able to contribute significantly in the brainstorming or research and eventually help improve the organizations productivity. While training the interns, employers are in fact teaching their employees to guide the trainees by stretching their patience, develop teaching skills and make them more sensitive to the needs and mindset of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, the internship also becomes an avenue in training for future managers of the company. Accepting on the job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. There is wisdom in the front lines. Such training can be investment that will be valuable to the company later on. This is also why us trainees should take our internship seriously as it can be a powerful tool and possibly even a source of recommendation when they take that big lift from being students to career professionals. Every day, man learns something. It is in his system to learn and discover. Man was born for this. It is an instinct to search for answers in order to satisfy their questions. Save it to their memory and use it in their daily lives. I am on my last semester as a Management Accounting student, I take pride for what I have achieved at this time of my life plus the fact that it’s not easy to maintain a cut-off grade in most of my Accounting subjects in order for me to stay and graduate as a bachelor in Management Accounting. With regards to my off campus practicum, our school sends us to different offices to put our theoretical learning into practical applications. PUDADERA ACCOUNTING OFFICE is located in Arguelles Street, Jaro Iloilo City. It is a ten minute walk from the 6th gate of Central Philippine University. The two-storied building was built in a subdivision with the calm atmosphere of the community and its landscape. The appearance of the building is well harmonized with the surroundings. However, it gives guests the impression of dignity and openness. Directly inside the main entrance, Pudadera Accounting Office has a small but welcoming lobby with a natural concrete floor, stylish but difficult to walk on heels. There are several chairs arranged against the wall and a side table which are placed the company’s newspapers and other publications. The receptionist’s desk is facing the entrance door, and behind it sits two friendly women. Passing through the receptionists’ area which is directly leads to the main office. The area is small but it is well arranged to welcome the clients as well as guests. The receiving area has a big square table in the middle with a large window overlooking the exterior. The remainder of the office space is segmented with partitioning walls, forming a sort cubicle. The office starts its operation from 9am to 6pm from Mondays to Friday and 9am to 12nn during Saturdays. The office is closed on Sundays and during Holidays. To grow and create value, the company must have the trust of its clients, lenders and investors. The office assists their clients in the proper applications of accounting principles that will become effective. They also assist in completing certain requirements under existing rules and regulations of regulatory bodies such as the Security and Exchange Commission (SEC) and others. The office reviews financial information based on agreed-upon procedures, assisting acquirers/investors in determining factors affecting the price and post-acquisition financial issues and providing integrated support throughout the acquisition process. They also provide advice and assistance with the registration and reporting requirements of government agencies relating to tax and/ or investment incentives granted under various investment laws and regulations as administered by the Securities and Exchange Commission, Department of Trade and Industry, Bangko Sentral ng Pilipinas, Local Government and etc. It also can provide assistance in determining a company’s tax liabilities, preparing related returns and remitting these taxes to regulatory agencies within the prescribed deadlines. Some of the clients also ask the office to do the payroll and also provides assistance in Social Security System and Philippine Health Insurance application and payments on their own employees. As I stepped in to the accounting office, the first task I did was to update the books of the firm’s clients. Bookkeeping is the process of recording and classifying business financial transactions, or to put it another way, the process of maintaining the records of a business’s financial activities. The objective in bookkeeping is to create a useable summary of financial transactions, which provides a snapshot of the business’s financial stability. The most basic form of accounting is the single-entry system. In this system, you record each transaction only once, as either a deposit or as an expense. This system is generally used to determine the profit/loss of a business. However, the preferred system is the double-entry system. The double-entry system is more accurate, and has built-in checks and balances. In this system, each transaction is recorded twice, in each â€Å"account† it affects. This is a more thorough method of keeping a business’s financial transaction in order. Bookkeeping; As part of the business science of accounting, it represents the daily tasks of tracking its financial transaction of a business and recording it correctly. This includes a sale, purchase of equipment and supplies, investment income for the month, or internal transfer of funds. As a bookkeeper, I have the access to all the daily transaction data for a particular client. Amongst the books that I have updated, the office uses single-entry method of bookkeeping. The approach is very streamlined, tracking only accounts associated directly with money coming in and money being spent by the business which many new businesses and sole proprietors accustomed to. All of this data is then rolled up regularly into a report based on a cash flow structure, showing starting balance, how much new money was earned, how much was spent, and finally a remaining net balance for the period. There are three basic elements of bookkeeping: assets, liabilities, and net assets. Assets are all items used in the operation or investment activities of a business. This category includes all property, or items of value, owned by a business. Examples include cash, buildings, land, vehicles, tools, inventory, office supplies, furniture, investments, and accounts receivable (any funds owed to the business). Increases in assets are called debits. Decreases in assets are called credits. Generally, various assets are referred to as debit accounts. Liabilities are claims by creditors to the assets of a business, or debts owed by the business to others. Types of liabilities include loans, notes payable, and lines of credit. Net assets are the equity earned by the business. Net assets are the value of the business once all liabilities have been paid. It can also be called owner’s equity, capital, net worth, profit, or proprietorship. There are also several other things to keep in mind when considering a company’s net assets: †¢ Revenue is the increase in net worth resulting from the operations and other activities of the business. Revenue includes income earned through the business’s services, interest earned on investments, and contributions from individuals or foundations. Although net assets are considered to be credit accounts, sources of revenue are actually considered to be debit accounts. Expenses are the costs of doing business. This includes the cost of goods, fixed assets, and services/supplies used in the business’s operations. Examples of expenses include salaries, rent, travel expenses, and the costs of supplies and utilities. Expenses are credit accounts. †¢ Net assets are calculated by subtracting tot al expenses from total revenue, on a yearly basis. Whenever revenue is received, net assets increase. Whenever expenses are paid, net assets decrease. The paper side of bookkeeping is managed through ledgers. Each account has a ledger to show each financial change that has occurred to the account. Sales account shows every sale made in a period by peso amount. It will also show corrections made to the account if there was an error or a bad posting. Eventually, for reporting, all the ledgers used are rolled into one combined report, which then tells management how money was earned and spent for the time period tracked. All business transactions result in at least two changes to the bookkeeping equation. In other words, a transaction that changes a business’s assets must also change that business’s liabilities or net assets. Some transactions increase accounts. If a business’s assets increase, then there must also be an increase in either liabilities or net assets. Other transactions can decrease accounts. If a business’s assets decrease, so must either its liabilities or its net assets. Bookkeeping goes hand in hand with taxes. Bookkeeping is the process of keeping track of business income and expenses tallying them over time. Taxes are sums that you must pay to government institutions relative to the income and expenses that you tally by means of bookkeeping process. As a practicum, it is our duty to update each of the client’s books. If we keep the books up to date, it can be relatively simple to file tax returns. Most tax returns involve transferring bookkeeping totals and multiplying them by tax rates. The office maintains a file of receipts for each of the client each month. ANALYSIS Strategizing An up-to-date bookkeeping system enables you to develop strategies to minimize the amount of tax you owe. Income tax rates increase as your income level rises. If you know that you will earn less during an upcoming calendar year, you may choose to make capital expenditures that will lower your tax burden during a year when your overall tax rate will be higher. If your bookkeeping is current and you only need to perform simple calculations to file taxes, you are less likely to accrue penalties and interest on late filings and payments. Running a business means being vigilant about your bookkeeping so that you always know where you stand. If you have a small business, or are in charge of bookkeeping for a business, then you should know some basic accounting and bookkeeping rules to make sure that you're able to run your business smoothly, with no hiccups in the financial department. Choose a System * When starting your bookkeeping, you need to choose a system for doing it. Most businesses choose a cash or accrual system. In a cash system, the bookkeeper records all cash coming in and going out as it is received. For instance, you may make a sale on Friday, but the check doesn't come until Monday, so you record it on Monday. With accrual, you record things when they happen. You would record the sale on Friday and account for the money then, even if you didn't yet receive it. Choosing your system relates mostly to how you do business, if you are vigilant about always having the funds on hand, or if you don't mind doing some of your business on credit. Choose the method that works best for your company. Maintain Your Books * As a bookkeeper or small business owner, you should be updating and maintaining your books daily. It can be easy to put off an entry until tomorrow, but to keep things organized and orderly, you should be entering things in the books as they happen. Resist the urge to leave things until another day. With books, you're dealing with numbers and money, and any small mistake can have big consequences. Make it easier on yourself by maintaining the books daily. Take a few minutes to update and assess, so you are continually in the loop of your financial situation. Leave a Paper Trail * When keeping books, it's important to always do things in order, to number checks and enter them chronologically with all of the information at hand. You should have records of every single financial move you make, through accounting slips, receipts and receiving orders. If, for some reason, you are targeted by the IRS for an audit, they'll want to see clean books with correct records. Leaving a paper trail in everything you do financially with the business is essential to bookkeeping.