Introduction. Cindy Is Debating On Whether Or Not She Should

Introduction Cindy is debating on whether or not she should open a business to sell and install solar panels for residential and business use. She believes that this business will help companies and consumers save money on bills every month, while having a positive impact on the environment. However, the business will require all of Cindy’s life savings, so she wants to be positive that it is a good economic investment in the current economic environment. This essay analyzes the current economy of the U.S., including: GDP, the business cycle, unemployment rate, inflation, monetary policy, interest rates, fiscal policy, international trade, and demographics and provides a recommendation for Cindy. GDP Growth Rate The gross domestic†¦show more content†¦The two main cycles are either expansion or recession. The U.S. is currently in a cycle of expansion. The economy continues to grow, the unemployment rate continues to drop, and wage growth is accelerating. According to Fidelity (2017), consumer spending should continue to be strong in 2017, with growing wages. Odds of recession should remain low throughout the year (Fidelity, 2017). This is good news for Cindy. The best time to start up a new business is during a cycle of growth. The unemployment rate is currently 4.5%, which is the lowest in almost 10 years. Many new jobs are being added every month, with 219,000 jobs added in February, and 98,000 added in March. The unemployment rate indicates that the labor market is returning to a sustainable pace of progress (Jamrisko, 2017). Employment is currently healthy in the U.S. This is also good news for Cindy. This indicates that there are more people working, earning, and having disposa ble income to invest in solar panels. According to the US Inflation Calculator (2017), the current inflation rate is 2.7% as of February 28, 2017. This is the rate at which consumer goods rise in price per year. An inflation rate between two and three percent is beneficial for an economy because it encourage consumers to buy and borrow more. This means that the government and central banks strive to meet a limited level of inflation (The Economic Times, 2017). The consistent inflation rate is positiveShow MoreRelatedMade to Order: Designer Babies2432 Words   |  10 PagesMade to Order: Designer Babies (Introduction) Imagine that children were genetically engineered to accustom parent’s exact desires of both physical and mental characteristics. Would parents choose physical traits such as blonde hair and green eyes, or choose mental traits such as athleticism and intelligence? Scientists are now able to genetically engineer a human embryo to the traits that a parent desires. Designer babies are usually seen as beneficial due to the eliminating chances of geneticsRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pageswritten permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service please, call 1-800-CALLRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesthis publication meets the requirements of the American National Standard for Information Sciences—Permanence of Paper for Printed Library Materials, ANSI Z39.48-1992 Printed in the United States of America 2 4 6 8 9 7 5 3 1 C ONTENTS Introduction Michael Adas 1 1 World Migration in the Long Twentieth Century †¢ Jose C. Moya and Adam McKeown 9 †¢ 2 Twentieth-Century Urbanization: In Search of an Urban Paradigm for an Urban World †¢ Howard Spodek 53 3 Women in the Twentieth-Century

Swifts A Modeste Proposal - 1955 Words

Jonathan Swift’s â€Å"A Modest Proposal† name English 301 December 3, 20xx In â€Å"A Modest Proposal† (1729), Jonathan Swift used satire for a double purpose: to attack those that he considered responsible for the financial situation of Ireland, and in the same time, to push those who were in a position of power to take rational measures against poverty in Ireland. In his poem, Swift made use of the image of the Projector; a character whose role is that o designing plans that would lead to some improvements being made in the society. Swift’s narrator in â€Å"A Modest Proposal† is an Economic Projector who imagines the entire plan from the point of view of a cold and objective individual. The†¦show more content†¦He thus proposes to literally do that to children of poor families: if their families sold them and the rich bought them, in order to use their skin for clothing, and eat their flesh, the economy would flourish. His argument is not controversial in shape. It is controversial in nature. In order to understand the poem as swift intended it to be understood, one must first distinguish between the author’s voice and the narrator’s voice. According to Robert Phiddian, â€Å"the interpretation of the proposal has always involved awareness that it is not a ‘straight’ piece of economic projection, and that swift is operating independently of the narrator, in a covert manner†(1996, p.608). This means that the readers must interpret the poem in two different ways, as an economic proposal and as a political pamphlet. In other words, the narrator’s reality is not the same with the author’s reality. The narrator is serious in his proposal, while the author is not. The purpose of the poem is obviously rhetorical, and much criticism concerning the poem has focused around the rhetoric strategies used by the author. However, as David Nokes argued, â€Å"the key to the proposal is the proposer† (cited in Phiddian 608). The main strategy employed by the author is from this point of view that of giving a voice to a character that impersonates a man with no moral concerns whatsoever, a character who is able to act from pure economic level. This creates irony because

Auditing Jimmy Ford and

Questions: 1.Prepare a report to the managing partner of Kinglsey Read that indicates whether or not:Kingsley Read failed to exercise due care in the audit of Plummet TravelPlummet Travel is guilty of contributory negligenceKingsley Read owes a duty of care to the New Zealand parent company. 2.What should Jimmy do? Use the Code of Ethics for Professional Accountants and the American Accounting Association (AAA) Model to help consider your response to this question? Answers: Introduction This particular section deals with the case on Plummet Travel Limited and the auditor Kingsley Read. In this particular section, emphasis has been given on providing recommendations on whether Kingsley Read was following the audit function with due care. Addition to that, it requires recommending on whether Plummet Travel Limited had been involved in contributory negligence of any types (Gay Simnett, 2015). According to the Auditing Standard; Due Care is to be exercised in the planning as well as planning and performance of the audit and preparing the report. This standard requires the independent auditor for planning and performing his or her work with due professional care. This reveals the fact that due professional care mainly imposes responsibility on each professional for acting as per independent auditor who is responsible for observing the standards of flied work as well as reporting. 1. Kingsley Read failed to exercise due care in the audit of Plummet Travel The above statement is completely not true as Kingsley Read had tried every possible ways to audit for the company named as Plummet Travel. Plummet Travel had upgraded its accounting software system to a computer database (Gay Simnett, 2015). Due to this upgradation, Kingsley Read does not have the proficiency to review as well as evaluate the database management system. As he was not aware of how to review the upgraded the system used in the company, he took the assistance of an independent expert who will undertake the role. The independent expert is of the opinion that the system appears to be reliable and that the change of latest accounting system database was correctly carried out by Plummet Travel Limited. The above fact explains that Kingsley Read has tried every possible ways for auditing the new form of systems by attending courses that can familiarize with the features of the upgraded accounting systems to a computer database. Addition to that, Board of Directors was happy to see that Plummet Travel Limited is performing well after upgrading the computer database. Therefore, Kingsley Read was acting with due care as the auditor had carried his work in a professional way. Kingsley Read had acted with professional due care while auditing for Plummet Travel Limited. This has been done by exercising the planning as well as performance at each step in the audit report preparation. Kingsley Read had audited for the company Plummet Travel Limited whereby he plans and performs his work with due professional care. It is noted from the case as Kingsley Read had made attempts for auditing the new accounting computer database that was used by Plummet Travel Limited. Despite having little knowl edge on the new forms of accounting computer database, he took advice from an independent expert and relies upon his conclusion that change had been a positive aspect for the company. Plummet Travel is guilty of contributory negligence The above statement is not true as Plummet Travel Limited has trusted the wordings of their appointed auditors who quarterly audit for each financial year. Plummet Travel Limited was not found guilty of any contributory negligence as the company had review the auditor statement and happy with the figures (Bobek, Hageman Radtke, 2015). Contributory negligence in auditing means purposely neglecting or contributing towards unfair practices that is taking place in the business organization. It is not the case as Plummet Travel Limited Board of Directors had personally reviewed the statement of auditors at the time of Board Meetings. The company had found out that the new system had been in place for 6 months that made the directors happy with the way that was operating. Therefore, it is understood that Plummet Travel Limited was unaware of any unfair misstatement in their financial statements and they are not liable for contributory negligence. Kingsley Read owes a duty of care to the New Zealand Parent Company Kingsley Read acts with due professional due care and are not obliged to pay for negligence to the New Zealand Company. This is because all the necessary actions was undertaken by Kingsley Read starting from taking expert advice, gaining knowledge on new systems by undertaking courses. These are the actions that make Kingsley Read acting with due care and working for the benefits of Plummet Travel in every means (Bobek, Hageman Radtke, 2015). 2. American Accounting Association Model Decision making process Facts identification The fact from the case is that Jimmy was of the opinion that Engines International Limited was using a questionable method for revenue recognition that cannot be considered as the appropriate method to use in the upcoming financial years. Jimmy discussed the matter with the Senior audit partner but the answer given to him was that the method had been used for 10 years and is appropriate Jimmy wants to include a disserting statement in the audit working papers but the audit partner refuses to permit such kind of statement. Rather, she showed willingness in writing a letter to Jimmy acknowledging full responsibility for the audit. Finally, the audit partner refuses to make Jimmy her audit partner for the company. Therefore, the fact that is identified from the case is that there is issue with the revenue treatment that is adopted by EI in their business operations Defining the ethical issues Ethical issue that is identified in the case is that there was disagreement between the statement made by Jimmy and the Senior Auditor. Ethical issue identified in this case whether Jimmy has listened to the Senior Auditor or not. Addition to that, whether actually Jimmy should listen to the Senior Auditor in the particular situation where both the auditors disagreed regarding the unquestionable revenue treatment that has been investigated by ASIC. Identification of major principles, rules and values Code of Ethics is statement of principles as well as expectations that governs individual behavior organizational behavior in the conduct of internal auditing (Bobek, Hageman Radtke, 2015). The purpose of the Code of Ethics is to promote the ethical culture in the profession of internal auditing. Code of ethics is essential as well as appropriate for the profession of internal auditing as it is on the trust placed in its objective assurance in relation with risk management, governance and control. Code of Ethics provides four principles as well as rules of conduct under the category named as: Integrity, Objectivity, Confidentiality and competency (Cameron O'Leary, 2015). The rules of conduct mainly describe the behavior norms as expected from the internal auditors. Some rules help in interpreting the principles into practical implications as well as intended to guide the ethical conduct of internal auditors. The Code of Ethics mainly provides guidance to the internal auditors who serve others. Internal auditors refer to Institute members for providing internal auditing services within the definition of internal auditing. Applicability and Enforcement- Code of Ethics is applied to both individuals as well as entities those provide internal auditing services (Cockrell, Stone and Wier, 2017). In case of Institute members, breaches of the code of ethics will be evaluated as well as administered in accordance to the Institute Disciplinary Procedures. If a particular conduct is not mentioned in the Rules of Conduct, it does not prevent it from being unacceptable or discreditable where member is liable to disciplinary action. American Accounting Association Model This model comes from a report for the AAA that is written by Langenderfer and Rockness in the year 1990. Scenario for the AAA Model An auditor uncovers an irregular cash payment as well as receives an unsatisfactory explanation for it that comes from client finance director. This model suggests a logical seven step process for conducting the decisions as it takes ethical issues into account (Gay Simnett, 2015). Steps: The first step is to establish the facts of the case by ensuring that there is no ambiguity about what is under consideration. The second step is to identify the ethical issue in the case by asking what are the issues at stake The third step requires identifying the norms by placing the decisions in its social, ethical as well as professional behavior context. In this, professional code of ethics are taken into consideration by discussing on the norms, principles and values The forth step is to identify the alternative course of action by stating each consideration of the norms The fifth step is to select the best course of action The sixth step is to consider the consequences of the outcomes The final step is take the decisions According to American Accounting Association (AAA) Model, it is noted that acting in the public interest takes into consideration where accountants need to have legitimate interest of clients, financial institutions, employers, business, employees as well as financial community that relies upon the integrity and objectivity of the accounting profession (Gay Simnett, 2015). This is to support the proprietary as well as orderly function of business. The dependence actually imposes public interest accountability on the accounting occupation. It is responsibility of the professional accountants for acting according to the public interest, reasonable and informed public perception at the time of deciding whether to believe with the appointment or meeting that bears in mind to the stage of public interest of business entities. Professional Accountants has to comply with the basic principles that includes: Integrity- This principle means professional accountants needs to be straightforward as well as honest in all the professional and business relations. Objectivity- This principle means that professional accountants cannot be bias in any particular situation, give rise to conflicts of interest as well as undue authority of others that will override specialized or commerce judgment in any case. Professional competence and due care- This particular principle means that professional accountants has to maintain essential professional skills as well as knowledge to that level where they can guarantee that a client or employer receives the experienced professional services. The services depend upon the current developmental practices, techniques and legislation as well as act that are diligently followed in accordance with the applied technical as well as professional standards. Confidentiality- This particular principle means that the professional accountants need to admiration the privacy of information that is acquired as a consequence of maintaining qualified as well as trade relationships. They cannot reveal any information to the third parties without proper and special power unless there is a legal or proficient right or duty for disclosing the information or using the information for personal benefit of the professional accountants or third parties. Professional behavior- This particular principle means that the professional accountants should obey with the pertinent laws as well as policy so that they can avoid any accomplishment that discredits the accounting occupation in the near future. From the above fundamental principles, the ethical case on Jimmy would comply with the: Objectivity- In this case, conflict of interest is taking place between Senior Audit Partner and Jimmy that is actually hampering the professional or business judgment for the company EI. Professional competence and due care- In this case, there is disagreement between the Senior Audit Partner and Jimmy. This means the Senior Audit partner do not have the essential professional attitude and skills in handling the matters as it is negatively affecting the company for which they are auditing and they cannot get required professional services in this type of conflict. They should understand the technical and professional standards of handling matters of audit where company relies upon their professional advices and services. Professional behavior- Senior Audit partner lacks the professional behavior and failed to comply with the laws and system at the same time. Specifying the alternatives After reading the Code of Ethics for Professional Accountants, it can be understood that the given case on ethics has two alternative options that needs to taken into consideration by Jimmy before getting into final course of action. The first option that Jimmy will have is agreeing with what Senior Auditor argued, that is, there is no issue with the method adopted by EI in terms of revenue treatment. The second option that Jimmy will have is not agreeing with the Senior Auditor and stick to the point as found out at the time of audit that is there is questionable method of recognizing revenues as investigated by ASIC. Comparing values and alternatives After evaluating the alternatives, Jimmy should compare the values of both the alternatives and decide over the best option that needs to be adopted for future activities. Jimmy should select the second alternative that state not agreeing with the matter pointed out by the Senior Auditor. Assessing the consequences If Jimmy selected the first option, then he would have charged legal actions by the Senior Auditor of the firm. As Jimmy has selected the second option, he can now convey his issue to the Senior Management of Fitzgerald Milhouse Chartered Accountants. If guidance is not provided by the Senior management, then further Jimmy can convey his matter to Corporate Governance. Jimmy can even go to shareholders and then to the regulatory bodies to get his matter solved and takes legal action on the Senior Audit partner. Making the final decision Jimmy made the final decision that he will not agree to the statement of Senior Audit Partner and take the corrective course of action. Conclusion At the end of the report, it is analyzed that Kingsley, the legal advisor had acted with due care in carrying out the auditing for the company named as Plummet Travel Limited. On the contrary, Plummet Travel Limited was not involved in any contributory negligence as the company had involve in auditing their financial statement and found out that upgrading to the new systems actually help the company for better operations. Therefore, both the legal advisor and the company are not to found guilty in this case as they were constantly concerned with the actions undertaken and the consequences thereafter. This reveals the fact that the company does not have to be concerned or pay to the New Zealand Company because of any kind of obligatory negligence. References Bobek, D. D., Hageman, A. M., Radtke, R. R. (2015). The effects of professional role, decision context, and gender on the ethical decision making of public accounting professionals. Behavioral Research in Accounting, 27(1), 55-78. Cameron, R. A., O'Leary, C. (2015). Improving ethical attitudes or simply teaching ethical codes? The reality of accounting ethics education. Accounting Education, 24(4), 275-290. Carson, E., Simnett, R., Vanstraelen, A. and Trompeter, G., 2016. Assessing Initiatives to Improve the Quality of Group Audits Involving Other Auditors. Cockrell, C., Stone, D.N. and Wier, B., 2017. Accounting for Professional Accountants' Dysfunctional Knowledge Sharing: A Self-Determination Theory Perspective. Journal of Information Systems. Cohen, J.R. and Simnett, R., 2014. CSR and assurance services: A research agenda. Auditing: A Journal of Practice Theory, 34(1), pp.59-74. Gay, G. E., Simnett, R. (2015). Auditing and assurance services in Australia (6th ed.). Roseville: McGraw Hill Gist, W. E., Anderson, U. L., Janvrin, D. J., Pitman, M. K. (2015). Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the IESBA ED Release (August 14, 2014), Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client: Participating Committee Members. Current Issues in Auditing, 9(1), C18-C22. Hay, D., Stewart, J., Botica Redmayne, N. (2016). The Role of Auditing in Corporate Governance in Australia and New Zealand: A Research Synthesis. Junior, R. M., Best, P. J., Cotter, J. (2014). Sustainability reporting and assurance: a historical analysis on a world-wide phenomenon. Journal of Business Ethics, 120(1), 1-11. Knechel, W. R., Salterio, S. E. (2016). Auditing: assurance and risk. Routledge. Lawson, R. A., Blocher, E. J., Brewer, P. C., Cokins, G., Sorensen, J. E., Stout, D. E., ... Wouters, M. J. (2013). Focusing accounting curricula on students' long-run careers: Recommendations for an integrated competency-based framework for accounting education. Issues in Accounting Education, 29(2), 295-317. Martinov-Bennie, N. Mladenovic, R., (2015). Investigation of the impact of an ethical framework and an integrated ethics education on accounting students ethical sensitivity and judgment. Journal of Business Ethics, 127(1), pp.189-203. Moroney, R., Campbell, F., Hamilton, J., Warren, V. (2014). Auditing: A Practical Approach. Wiley Global Education. Redmayne, N. B. (2013). Auditing and Assurance Services and Ethics in Australia: An Integrated Approach. Journal of Accounting Organizational Change. Simnett, R., Carson, E., Vanstraelen, A. (2016). International Archival Auditing and Assurance Research: Trends, Methodological Issues, and Opportunities. Auditing: A Journal of Practice Theory, 35(3), 1-32. Soh, D. S., Martinov-Bennie, N. (2015). Internal auditors perceptions of their role in environmental, social and governance assurance and consulting. Managerial Auditing Journal, 30(1), 80-111.

O Henry Essays - O. Henry, Short Story, , Term Papers

O Henry "William Sydney Porter- later known as O. Henry was born in North Carolina." O. Henry wrote many colorful and dramatic short stories. The inspiration for the many stories that he wrote came from his experiences through life. Some of these include working in a "drugstore, sheep ranching, bronco busting, living as a fugitive in Honduras" (Zwerger #1) William Sydney Porter's mother died when he was only about three years old. After her death William moved in with his aunt and his grandmother. While he was living with his aunt and grandmother will started to enjoy reading books and drawing sketches. "Will was influenced a lot by his Aunt". When will was seventeen he got his first real job. Will worked in a Drugstore with his Uncle Clark. "His Uncle Clark was the owner of the store". "Will liked working as a Pharmacist got licensed as a practicing pharmacist". .(Current-Garcia, pg13 #2) In 1882 will decided to leave home and come along to Southwest Texas as a guest of Mr. and Ms. Hall. They were going to visit their four boys that lived out in Southwest Texas. "Will enjoyed Texas very much he learned the ways of the west and while out in the west he started to develop talent as a cartoonist". Will also learn how to raise cattle and work on a cattle ranch. Will enjoyed working on the ranch, he worked on the ranch for about two years. . (Current-Garcia, pg13 #2) "In 1884 will decided it was time for a change of pace and moved to Austin Texas". Will still kept his interest for drawing cartoons and drawing sketches. At age twenty-five, he married a beautiful nineteen-year-old lady named Athol Estes. A year after there marriage their first child was born. Sadly their son died shortly after his birth. "Will and Athol were devastated by this". One year later they had another baby and it was a healthy girl, they named her Margaret. Margaret became ill after the second child (Current-Garcia, pg13 #2) "In 1891 will worked as a teller in The First National Bank of Austin". Will was not making enough money so in 1894, he bought a printing press and started publishing his own a comic. The paper was printed weekly and put in the Rolling Stone paper. A year later he decided to give up the paper. He was suspected and later questioned by the authorities embezzlement charges. "In 1985 will wrote short stories and drew many sketches for the Houston Post. (Current-Garcia, pg14 #2) In 1896 will was arrested on charges of embezzlement. "While awaiting trial will fled to New Orleans and than on to Honduras". After about a year of being away from the states will came back to Austin only to find his very sick wife who dies only a short time upon his return. Will went and turned himself into the Authorities shortly after he returned. He was tried and found guilty and sentenced to five years in the Federal Penitentiary in Ohio. (Current-Garcia, pg14 #2) "While in prison will wrote more than a dozen short stories". These stories were published in many national magazines. Will was released two years early from prison due to good behavior. Will moved to New York and became famous under the pen name O. Henry. O. Henry singed a contract with The New York Sunday World for a weekly feature short story. Over the next two years will produced over a hundred stories and for this he gained national fame. (Current-Garcia, pg14 #2) In 1904 will published his first book, Cabbages and Kings. This book was a book of short stories. The stories were about his adventures and experiences in Central America. Four years later Will Publishes his second book "The Four Million" it was a collection of twenty-five of his stories that were his most famous in New York. This book was a huge success for will. (Current-Garcia, pg14 #2) In 1910 William Sydney Porter died In New York.