Ict an Important System in the Processing of Accounting Information Essay

INTRODUCTION: We are in an era referred to as the JET AGE; an era where people are no longer interested in cars; they will prefer to fly, why? Basically because it is more comfortable and faster. An era that people will not want to try by guess work, everyone wants to be sure of the outcome of their actions. It is a generation that pays attention to speed and accuracy. It is pertinent to account for our resources as humans either as individuals or as a group hence the need for the preparation of accounting information and such information can become so voluminous over time but humans as a matter of nature, have limited speed and retaining capacity especially when it has to do with figures and are prone to mistakes every now and then. This brings to the mind of every concerned individual the question; how can accounting information irrespective of their volume be processed with the fastest possible speed with little or no error? As a result of technological advancement, the first thing that comes to mind when such a question is raised is Electronic Data Processing Method. (EDP which gave birth to ICT) MOTIVATION: Accounting and Information technology have been around for a long, long time. Basically as long as people have been around, there has always been the need for accountability of personal or joint resources and also, rendering of stewardship to superiors, top family heads and co-owners as the case may be. Also, there has always been ways of communicating through technology available at each point in time. There are 4 main ages that divide up the history of information and communication technology. Only the latest age (electronic) and some of the electromechanical age really affects us today. The subject of Accounting Information and ICT is interesting because it cuts across every length and breadth of human activities since ACCOUNTIBLITY is one foremost issue to be considered both in governmental and non-governmental organisation, profit and not-for-profit outfits alike. In recent times, several individuals and corporate bodies have woken up to the reality of the importance of ICT in the processing of accounting information. On a regularly basis, new hardware are created, new software and programmes are written to facilitate the effective and efficient processing of accounting information electronically. Even as you read, the available software and hardware are being improved upon to match up with the demand of recent times. PROJECT SUMMARY The aim of this project is to stress on the benefits achievable from the adoption of the use of ICT for processing accounting information, it will at certain points compare and contrast the use of ICT and the manual method of processing accounting information PROJECT DETAILS In course of this work; Living Faith Church World Wide Inc. (LFC) which is a non-governmental establishment and at the same time a not-for-profit organisation, shall be our case study. Software and Hardware of different kinds shall be analysed and some of such include; computer set, spread sheets, printer, internet connection, to mention but a few. At the end of this project a comprehensive report will be produced revealing how far technology (ICT) have contributed to the compilation, processing and interpretation of accounting information in recent time. The produced report will also analyse how business owners, accountants and other users of accounting information in this part of the world (Nigeria; Africa) have welcomed and taken advantage of ICT as regard accounting information processing. CONCLUSION The world have left the realm of data to the realm of processed data (Information), that is to buttress the fact that information has encountered revolution just like the human race. Accounting on the other hand has come a long way in human existence also and in recent time though they are both in different paths they have crossed path and have brought about answers to a lingering question in the heart of some concerned individuals; the question of; how can accounting information irrespective of their volume be processed with the fastest possible speed with little or no error? The report that will be provided at the end of this project will bring to the notice of all business owners and accountants that are ignorant of the usefulness of ICT in the processing of Accounting Information, the importance and role of ICT in the processing Accounting Information. It also, will broaden the scope of those individuals concerned in the subject of accounting information and ICT.

Can Religious and Political Groups Combine Essay

Can Religious and Political Groups Combine? page 1 Denise Rodriguez Can Religious and Political Groups Combine? Eng 122 Composition II Instructor Schmidt 5/6/2013 page2 Outline I. The balance of politics and spiritual groups i. Can Spiritual groups and politics be combined? ii. Can politics and spiritual groups balance together? II. The combination of political and religious groups. i. How politics can affect a congregation? ii. Politician and pastor relationship. III. Affects of politics against religion iii. Law passing religions are against. iv. Politics advocates don’t have the same meaning as religious groups. IV. Conclusion i. Reason for political and religious groups can combine. Running Head: Can Religious and Political GroupsCombine? page3 CAN RELIGIOUS AND POLITICAL GROUPS COMBINE? Organized religious groups can be political advocates as well as tend to spiritual needs of people. There is a possibility that they will strike a balance. Religion is a way of life, a cultural behavior. People work in their churches and live through the laws of the practice. Political advocate is the act of  pleading  or arguing a case or a position; forceful persuasion The Fee Dictionary, Farlex, 2013). Politics and religion are equally influential. It will be possible for the two to strike a balance and cannot be combined. Christian Cultural Center (CCC) on several Sunday’s there has been several visits from different political parties. Mayor Bloomberg has visited the church on many occasions. CCC is a spiritual environ ment where people go to learn the word of God. Pastor A. R Bernard stated in the daily news blog. â€Å"I’m not driven by political ambitions. It would be motivated by my love and concern for this city. I have 35,000 members who will be impacted by whatever happens,† The effects of his candidacy in the running for Mayor in the U. S. may have had an effect on his congregation. If Pastor Bernard were to lose, it may not have an impact on the church. If he were to win the church would no longer have him as a religious leader. To become a Mayor requires the person to be available for to work with the government, to better New York A. R. Bernard backs up Mayor Bloomberg along with several other pastors. Such as Rev. Timothy Birkett, â€Å"We have to come to his foundation sooner or later,† said the Rev. Timothy Birkett, pastor of the Church Alive Community Church in the Bronx, who is backing the mayor this year. â€Å"We hope that he will be receptive. † There are so many different types of religious practices that it would be difficult to incorporate them all. If politicians were to include one of many, that religious group would have an advantage over all the rest. The complications of political and religious groups combining, is the passing of laws that religions are against. Two of the most sensitive subjects are same sex marriage and abortion. Currently there are several states that allow same sex marriage while religions like Christianity are against them, as explained in the Holy Bible. The government states that a fetus is not considered a baby until it has been born. There are issues that have been raised from abortion. â€Å"Under Colorado law, a fetus is not a ‘person’ and plaintiff’s claims for wrongful death must therefore be dismissed,† the hospital argued. A 7 month pregnant mother and her Running Head: Can Religious and Political GroupsCombine? Page4 twins died at a catholic hospital in Nashville, Tenn. The doctors did not perform an emergency cesarean and ended in death of the mother and her two unborn children. The hospital would not speak publicly about the case that went in front of a judge. A hospital may not be a political or a spiritual facility, the issue of the hospital being a catholic hospital that abides by the bible and refused to perform an abortion on the mother to be. Simply because of what the BIBBLE says about it being a sin. Deuteronomy 5:17  Ã¢â‚¬â€œ Thou shalt not kill. Numbers 12:12  Ã¢â‚¬â€œ Let her not be as one dead, of whom the flesh is half consumed when he cometh out of his mother’s womb. Political and religious groups are balanced in the way people follow what they believe in. Every group has a leader and rules to follow, whether it’s for the whole country or for people who share the same beliefs. If all religions had the same laws as politics, maybe they can be combined. CCC church is a church of political advocates. There are political parties from all over, which are involved in the church or even just with A. R. Bernard. Several other pastors around the world all commend Mayor Bloomberg for his involvement in the churches as well as how much money he has donated to the churches. Even after poster Bernard decided not to run for Mayor. He still continues to keep in communication with politicians. Known for its institutions of politics, finance, fashion and media, it is also one of the most religiously diverse cites in the world. Without that diversity, from small storefronts to large mega ministries, over 7600 churches in Christian ministry throughout the five boroughs. Religious groups can be political advocates, just like Christian Cultural Center. Both groups may have different values when it comes to law decisions. They are both groups with a great deal of influence on the public and religious groups vote for political parties to run New York. It is important for religious groups to keep involvement in politics, because it is what makes the state what it is. There are laws to abide by and reasons to continue to reach out to others as one. Resources Bible Verses about Abortion from the King James Version (KJV) by Relevance http://www. kingjamesbibleonline. org/Bible-Verses-About-Abortion/ Christian Cultural Center http://cccinfo. org/ Daily News http://www. nydailynews. com/news/rev-bernard-christian-cultural-center-set-endo se-mayor-bloomberg-3rd-term-article-. 370774 http://www. nytimes. com/2009/10/29/nyregion/29ministers. html? pagewanted=all&_r=1& HighBeam Research http://www. highbeam. com/doc/1G1-293418641. html Stassen, G. (2008, Senator obama: Add â€Å"healing† to your message. Tikkun,  23, 44-46. Retrieved from http://search. proquest. com/docview/212256663? accountid =32521 The Fee Dictionary, Farlex, 2013 http://legal-dictionary. thefreedictionary. com/Political+advocacy USA Today http://www. usatoday. com/story/news/nation/2013/01/24/fetuses-not-people-catholic-hospital-says-in-court-case/1863013/

Basic skills for managerial success Essay Example | Topics and Well Written Essays - 1500 words

Basic skills for managerial success - Essay Example The targets focus on the number of consultants that generates revenues for the organisation. His managerial function also involves motivating his team members to perform their work at the highest possible level for the benefit of the team and the organisation. Since the company is a target-driven organisation, the manager's major functions also involve monitoring and correcting the activities of his members through weekly reports and meetings. According to Daft and Marcic (2001), the general definition of management is the achievement of desired organisational goals in a manner that is efficient and effective. In order to achieve these goals, a manager must perform different functions of planning, organising, leading and controlling organisational resources. A manager must know how to learn what is valued, what would be of more value, and what will be valued by customers and users. (Parr, 1992) Planning involves setting goals and deciding how to best achieve these goals. It helps the organisation set its future objectives and map out activities that are necessary to attain these goals. Plans are created as guide for the organisation to obtain and commit the resources needed to reach its goals. This also serves as a framework where members of the organisation carry on activities which are consistent with the chosen objectives and procedures. Plans are necessary in order to measure and monitor the progress towards the achievement of the objective. (Mintzberg, 1994) Organising is assigning responsibilities for the accomplishment of tasks. Organising also includes allocation and arranging of organisational resources so that plans can be carried out successfully. These resources may include financial, physical, informational, technical and human resources. Leading is the manner of influencing other people to work towards the achievement of goals. Influence can be used to motivate people. Controlling is the manager's role of monitoring activities and making corrections. It is also considered as regulating activities to reach the desired goals. (Daft & Marcic, 2008) In association to the general definition of management, it is observed that the middle manager interviewed for this paper has performed the different functions of management. The planning function is demonstrated through his setting of the team's targets for the month and creating work strategies focused on achieving the targets. The manager follows the principles of management by objectives. (Hindle, 2003) The organising function is exhibited through assigning team members to meet with clients and prospects on a daily basis, in order to create business transactions. The leading function of the key account manager is best displayed when the manager motivates his people to perform exceptionally and creates a happy and healthy work environment. The controlling function is shown through weekly monitoring as well as business improvement meetings and brainstorming. The manager monitors the team members through a feedback mechanism and reports. Such reports will be compared with the expected results or targets. Corrective actions are made in order to put the members back on its track of achieving the desired objectives of the month. Effective managers are concerned with accomplishments where they set standards of performance, pursue aggressive goals and work hard to

Mergers and Acquisition Essay Example | Topics and Well Written Essays - 2500 words

Mergers and Acquisition - Essay Example On the other hand in the level of operation the managers make the decisions. So in the real world the objective and mode of action differ from the theoretically proved ones. So the optimal strategies have also been driven through the modification. So there are different strategies such as merger, acquisition, research and developments etc are adopted. In this text we will discuss the merger and acquisition policies and their effects through some examples in Europe. In the lexicon of economics the word merger refers to the combination of two or more firms to form a single firm. This takes over all the assets and liabilities of the merging firms: shares in the new firm are divided among the shareholders of the original companies on an agreed basis. On the other hand acquisition refers to the situation when one large firm takes over or better we can say purchase of smaller firms for the sake of expansion. If these are unincorporated the owners agree to the terms. If the other business is a company its shares are purchased. Where some, but not all, the shares of other company or companies are purchased, special rules governs the treatment of the existing shareholders those are not willing to sell their share to the purchaser company. Hence we can say that the merger and acquisition are similar as well as dissimilar. In merger the merging companies continue to hold their ownership rights and the right of decision-making regarding the objective of the collaboration. But in the case of acquisition the company, the shares of which have been sold, possesses the ownership right no more. Nor the acquired firm possesses the power to make decision. The entire ownership remains in the hand of a single firm. The similarity between the two is that both of the strategies have the same aim. The main objective is the expansion of firm. The level and range of production would increase. These have some common benefits, which are given below: Economies of Scale: It

The Dangers Of Cell Phones For Human Health Essay

The Dangers Of Cell Phones For Human Health - Essay Example Supporters of cell phones say that cell phones provide us with a number of facilities, such as ease of communication, neighborhood crime watch, use in emergencies, and use as reminders. However, there also exist some risks regarding the use of cell phones. Some of the risks include road accidents, increased number of crimes, and weakening of eardrums. Today, almost every person keeps a cell phone in the car while traveling because a cell phone has become one of the major necessities of life. Use of cell phone while driving may result in slower braking reactions, slower reactions to traffic signals, and difficulties in making quick decisions. If we compare the ratio of road accidents that used to occur in a year before the 2000s with today, we come to know that the ratio of road accidents due to use of cell phones during driving has been increased by 75 to 80 percent approximately. â€Å"In a study done in April 2006, it was found that 80% of car crashes involved the driver not paying attention right before the accident† (Russell). The reason is that cell phones distract the driver’s attention, which results in road accidents. â€Å"According to several resources, every year, about 21% critical vehicle crashes happen due to cellphone use and require teens among age party 16 to 19 ages† (He). Supporters of cell phones say that cell phones do not take much attention of the users; rather they make people more responsible as they have to take care of themselves and other people while on road. However, this viewpoint is very illogical because accidents just need a little negligence to occur and that negligence can take place at any stage of cell phone use. Cell phones also create risks for health. Excessive use of cell phones can affect our eardrums and can cause skin cancer as well. Today, a large number of young adults use a hands-free system to hear songs from their cell phones.

Corporate risk management Essay Example | Topics and Well Written Essays - 2000 words - 2

Corporate risk management - Essay Example If the quantum of investment is significant and depending on the size of the firm, sizeable enough to affect future earnings in a way that negatively affects the firm, then it is more preferable to go for risk transfer. Conversely, if the investment is not of a quantum that can affect the firm negatively it is better to go for risk retention. 2) Risk Transfer: Risk transfer, also known as Risk sharing is in many ways the complete opposite strategy of Risk retention. The principle of Risk transfer is the underlying tenet behind most insurance transactions. Risk transfer generally involves the shifting of risk to another party, most usually by means of insurance or through warranty. This method assumes the longevity of the third party and the ability of the insurer to maintain business continuity. Cash Flow Regularity: One of the biggest risks associated with investment decisions, particularly in light of whether or not to transfer risk or not, or to whether just bear with the uncertainty is how regular or irregular the earnings of that particular investment decision are. It follows then that the more irregular or uncertain the earnings of a particular investment decision are, the more likely a firm is to increase its security or safety in regards to that investment or that line of cash flows. Hence, the greater irregularity is seen in cash flows, or the higher risk factor involved, the more likely a firm is to transfer risk either via Insurance or Warranty. 3) Risk Avoidance: Risk avoidance, on the spectrum of Risk management activities is on one end of the spectrum, wherein the company decides to altogether excuse itself from all possibility of risk. Although this strategy is often considered the safest form of risk management it also entails the loss of any potential revenue that could have been gained from the investment, therefore while it is the safest strategy it

Children's rights Essay Example | Topics and Well Written Essays - 1500 words

Children's rights - Essay Example Despite the fact that politics takes a central place in deciding which way children rights take in given nations, it has always reeled against the lack of consensus among stakeholders marginalising political science in discussions of children rights as Beetham (1995:1) observes. As Forsythe (1991: 174) postulates, a significant majority of political scientists do not contend the perception that children rights and human rights in general are critical aspects of international relations. According to Lukes (1993:20), there are very peculiar trends that register in children rights assessments; among them is the prevalent characteristic where virtually nobody rejects the promotion of the idea of preservation of children rights yet reports of abuses of children are wrought in news agencies. One aspect worth noticing is the inverse relationship between the high political will to promote human rights and the waning philosophical commitment. Primarily, philosophy has been conspicuously scept ical about the idea of human rights with its undesirable ontological status of human rights and more specifically children rights. Conservatives that constituted the French aristocracy, as Burke (1964:25) observes, contended that astute human rights and thus children rights could only prosper on a platform of distinctive state cultural frameworks enshrined in the nation’s legal framework which form the basis for their formation and as such their appropriateness. The United Nations Children’s Fund with its endeavour entrenched in the Convention on the rights of the child is the pioneer penal code that spells the broad diversity of the rights that individuals are entitled to throughout the world. These rights vary from person to person and constitute civil, economic as well as social together with political and cultural ones. The differing needs that characterise adult needs when compared to children’s were the motivation