The SDLC Process Essays

The SDLC Process Essays The SDLC Process Paper The SDLC Process Paper Procedures tend to perform actions as with functions these are reusable Classes Part of the object-oriented programming paradigm a class contains both data and functions that describe a real world thing Objects A concrete Instance of a class complete with Its personal data Abstraction of data One of the key principle Ideas behind the creation of classes In data abstraction the ATA type Is less Important than the operations that can preformed on It In a sense the data type Is hidden behind a Limited number of functions method Predefine code Generally a term describing code that is already written and that can be used in a developers solution with permission this may take the form of a compiled module a call to the operating system or a snippet of ready-made code that can be inserted into their solution b) The OSDL process was designed to ensure end-state solutions meet user requirements in support of business strategic goals and objectives. In addition, the OSDL also provides a detail ed guide to help Program Managers with ALL aspects of IT system development, regardless of the system size and scope. The OSDL contains a comprehensive checklist of the rules and regulations governing IT systems, and is one way to ensure system developers comply with all applicable Government regulations, because the consequences of not doing so are high and wide ranging. This is especially true in the post 9/1 1 environment where larger amounts of Information are considered sensitive in nature, and are shared among commercial, International, Federal, state, and local partners. The seven-step process contains a procedural checklist and the systematic progression required to evolve an IT system from conception to disposition. The following descriptions briefly explain each of the seven phases of the OSDL: 1. Conceptual Planning. This phase Is the first step of any systems life cycle. It Is during this phase that a need to acquire or significantly enhance a system Is identified, Its feasibility and costs are assessed, and the risks and various project-planning approaches are defined. Roles and responsibilities for he Asset Manager, Sponsors Representative, System Development Agent (SAD), System Support Agent (ASS), and other parties In OSDL policy are designated during this stage and updated throughout the systems life cycle. 2. Planning and Requirements Definition. This phase begins after the project has been defined and appropriate resources have been committed. The first portion of this phase involves second part is developing initial life cycle management plans, including project planning, project management, Configuration Management (CM), support, operations, and training management. 3. Design. During this phase, functional, support and training requirements are translated into preliminary and detailed designs. Decisions are made to address how the system will meet functional requirements. A preliminary (general) system design, emphasizing the functional features of the system, is produced as a high-level guide. Then a final (detailed) system design is produced that expands the design by specifying all the technical detail needed to develop the system. 4. Development and Testing. During this phase, systems are developed or acquired based on detailed design specifications. The system is litigated through a sequence of unit, integration, performance, system, and acceptance testing. The objective is to ensure that the system functions as expected and that sponsors requirements are satisfied. All system components, communications, applications, procedures, and associated documentation are plopped/acquired, tested, and integrated. This phase requires strong user participation in order to verify thorough testing of all requirements and to meet all business needs. 5. Implementation. During this phase, the new or enhanced system is installed in the production environment, users are trained, data is converted (as added), the system is turned over to the sponsor, and business processes are evaluated. This phase includes efforts required to implement, resolve system problems identified during the implementation process, and plan for statement. 6. Operations and Maintenance. The system becomes operational during this phase. The emphasis during this phase is to ensure that sponsor needs continue to be met and that the system continues to perform according to specifications. Routine hardware and software maintenance and upgrades are performed to ensure effective system operations. User training continues during this phase, as needed, to acquaint new users to the system or to introduce new features to current users. Additional user support is provided, as an ongoing activity, to help resolve reported problems. 7. Disposition. This phase represents the end of the systems life cycle. It provides for the systematic termination of a system to ensure that vital information is preserved for potential future access and/or reactivation. The system, when placed in the Disposition Phase, has been declared surplus and/or obsolete and has been scheduled for shutdown. The emphasis of this phase is to ensure that the system (e. G. , equipment, parts, software, data, procedures, and documentation) is packaged and disposed of in accordance with appropriate regulations and requirements. Each column in the graphic represents an individual phase. The documents in each phase are created and maintained throughout the rest of the development cycles until the final disposition of the project. Although this indicates the process is linear, it is not. It is iterative and once a project is deployed, the management of the project may return to requirements gathering to start all over again.

Within Christianity Essays

Within Christianity Essays Within Christianity Essay Within Christianity Essay Within Christianity there are a wide range of symbols which represent what is believed. Christian buildings are themselves symbolic, as are the things inside of them. Similarly, Christians use colour and music for different occasions to symbolise different things. All of these aspects of Christianity can be different in size and style (modern or traditional) depending on which denomination is being represented.In terms of Christian buildings, the architecture and design is often symbolic. There are three main types of buildings; cathedrals, orthodox churches and free churches. Cathedrals are usually large and this demonstrates their importance. They were historically built at the centre of the community to represent Gods kingship on Earth. Inside cathedrals and parish churches, the altar is the focus of attention as this is where the main act of worship takes place. Methodist churches often have smaller altars than other denominations. The lectern is where the word of God is spoken and it can be in the shape of an eagle which symbolises the spreading of Gods words. Orthodox churches are often built in the shape of a cross which represents the sacrificial death of Jesus Christ.The large dome on the top of the church symbolises Christs presence, eternity and the nearness of heaven. Inside, orthodox churches are often richly decorated with carvings that represent the life of Christ. Free churches, on the other hand, are where Baptist meet and these meetings happen in simple halls where the pulpit is the focus of attention. The pulpit is slightly raised which makes worshipers look up to hear the word of God, thereby symbolising the importance of preaching from the bible. The font is usually near the entrance of the church and symbolises people entering the Christian faith. It is where people are baptised with water and water symbolises the washing away of original sin as well as cleansing and replenishing.Inside orthodox churches, there are often a range of icons, statues and stained glass windows all of which are symbolic. Icons are paintings (mostly of saints) and are often greeted by worshippers with a kiss on entering the building. They are used to represent the presence of saints and as a means to pray. Inside large cathedrals and churches, there are often colourful murals or frescoes and beautiful stained glass windows depicting biblical stories. For centuries the finest work of leading artists was made for churches all to offer to God the highest expression of worship (ie the artists hard labour) and to create a sense of awe and wonder. Candles symbolise God making light on the first day and smoke which goes up to heaven. The hassock symbolises respect and a humble approach to God through kneeling. Doves are symbols of peace, purity and reconciliation.Similarly, Christians use colour and music for different occasions to symbolise different things. Yellow and gold represent birth and joy and as such are associa ted with Christmas, the virgin birth of Jesus Christ. At Christmas, the star symbolises guidance which remind us of the three wise men. Black represents death and is associated with funerals. Red represents blood and at Holy Communion, bread and wine symbolise the body and blood of Christ. White is associated purity and along with lilies and is associated with weddings and Easter.Church music is also symbolic in Christianity as it is used to praise God and to express belief. Mozart, Bach, Beethoven and similar great composers wrote music for worship. Hymns have been part of Christian worship for many centuries and the words are often taken from passages of scripture. In protestant churches, choirs have an important role in giving leadership to singing. In Christianity, there are many different types of musical instruments that are used in worship form organs to brass instruments and guitars. The music used in Christian worship can be solemn and dignified or loud and lively depending upon the type of church and the occasion. The type of instrument and mood of music is often symbolic of celebration or sadness.Symbolism plays a vital part in religious expression. Christian beliefs are commonly expressed through worship in ritual form (for example baptism) and that is also a kind of symbolism. In Christianity, ICTHUS is an old symbol, it symbolises Jesus (I), Christ(C), Gold (H), Son (TH), Saviour (US). Similarly,Alpha Omega symbolises Jesus being everlasting and reminds Christians of Jesus presence at the beginning of time.

MACROECONOMIC Essay Example | Topics and Well Written Essays - 750 words

MACROECONOMIC - Essay Example 2). The objectives of economic growth, stability in prices and the desired level of employment can be attained through fiscal policies. Instruments of fiscal policy and the effectiveness of the different measures in stimulating aggregate demand There are three main instruments of fiscal policy as discussed below. They are public debts, taxation and public spending. The instruments can be sued by the concerned authorities to achieve the desired level of production, national income as well as consumption. The term aggregate demand refers to the total expenditure made by the households, government and businesses on the goods and services that are produced domestically. It describes the behaviour of the buyers in response to changes in the policy implementations. If the level on inflation rises, the purchasing power of the consumers fall and therefore the aggregate demand curve is downward sloping (Auerbach, 2005, p. 3). This is described in the diagram below. Increase in government spen ding: The increase in the expenditure from the part of the government is likely to shift the aggregate demand curve to the right. The diagram below will provide the realistic picture. The increase in government spending means more money or disposable income on the hands of the consumers. The level of employment will take the upward rising curve and therefore it is natural that the aggregate demand curve will budge to the right as the overall level of demand within the economy will rise. Increase in tax cuts: The increase in tax cuts is expected to have the same effect as the cut will stimulate investment spending and the level of demand exiting in the economy will rise. Therefore the aggregate demand curve will budge to the right in this case as well. Fiscal policy stance 2012 (Australia) The fiscal deficit of Australia reached at the level of 44.7 billion dollars during the year 2012. The fiscal stance that the government adopted during the federal budget during that year was mostl y emphasized upon reducing the government expenditure. There were announcements of several new taxes namely minerals resource rent tax and the carbon price. There were some additional to fund reconstruction after natural disasters. The following diagram will show the government spending for the 2012 for Australia. The following table shows the personal tax rates for the country in 2012. Appropriateness of the fiscal policy stance Variation in outcomes can be witnessed among the different industries. The high commodity prices boosted the national income while the terms of trade reached at the record level in that year. On the other hand the conditions remained subdued in the fields of investments as well as in the arena of household spending (WACE Revision Centre, 2013, p. 12). The rate of unemployment has remained at the level of 5.25% although there was slight improvement in the unemployment conditions in the middle periods of 2011. The expenditures made by the consumers have remai ned at the moderate level with no surprising trends. The ratio of net wealth to disposable income has fallen in the recent years. The business investment rose sharply till the second half which drove in capital imports into the country and the impact of the capital imports had significant effects on the current account balance of the country. The demand stimulus of the country contracted

Voting Essay Example | Topics and Well Written Essays - 2000 words

Voting - Essay Example Therefore, the other option is indirect democracy. In indirect democracy, people vote to choose representatives, and the representatives then take decisions to govern the country. Similarly, the United States of America is an indirect democratic country. In the country, to elect a president people cast their votes. Nonetheless, there are some issues regarding the voter turnout. A low turnout rate has become a dilemma for several past decades. Thus, the claim to become a role model for the rest of the world has become almost shattered. It is evident that the turnout was policy-based, which affected the election of 1988. Thus, in an election we may discern a link between the policy preferences of individuals and their voting ratio. Definition of voter turnout First, we will have to define a voter turnout. Voter turnout refers to the overall number of people who cast their vote in any election. The turnout, generally, exhibits with percentage; however, there are other methods to ascerta in the turnout rate of voters. The most general way to evaluate turnout of voters is counting the overall number of votes. This method is known as Total Vote. Obviously, this is the most direct way to count the vote and measure the turnout. However, this method has some setbacks; for example, it counts all votes whether valid or invalid (Pintor et al., 2002). In addition, the method is unable to supplement comparison aspects. The residency requirement for new citizens after that they would be able to cast a vote is another reason for a lower turnout. In 2003, the issue of new residents arose in 44 states. However, these requirements of residency have been set to 30 days before the federal election, yet there are still chances that several eligible voters would not be able to cast their votes (Patterson, 2009). The Election of 1988 in United States In the 1988 presidential election, the voter turnout was 50.1%. The turnout was lower than the standards of American presidential electio n. They were several reasons for the lower turnout, which will be discussed latter on; however, the present question is who suffered due to the low turnout, George Bush (Republican) or Michael Dukakis (Democrat). The statistical calculations exhibit Dukakis was going to win the election of 1988 if the individuals took part fully in the elections. Most of the individuals who remained unmoved during the elections were the supporters of Democrats. Briefly, one can observe the Republican had the advantage of low turnout of votes; thus, it can be concluded that the election of 1988 – specifically, its result – was not the real picture of the preferences of people. In this regard, in the current paper Radcliff’s aggregate study on the presidential elections from 1928 to 1980 has been examined to evaluate the American National Election of 1988. It has been identified in the current study that the minimum turnout shows harmful results and suggests encouraging voters to take part in voting. Citizens should understand that their votes are a representative of their choice. The lower turnout of the voters has become a significant debatable issue in American society. Moreover, researchers and scholars are being pressurized to find out the real reason of individual voter absentees. In addition, a significant relation is found between Democratic vote division and turnout (DeNardo, 1980). Furthermore, in presidential elec

Managing physical resources Essay Example for Free

Managing physical resources Essay Within this task I am going to produce data that is going to be included in a job information pack, as part of an advertisement campaign for a new post with a company that my supervisor has asked to to work on. The main factor that I am going to include is: Â  The key features of legislation, including Health and Safety, which effects the management of resources. It is important for employers to be aware that they have a responsibility for the health and safety of their employees. They are also responsible for any visitors to their premises such as customers, suppliers and and general public. Employers can help ensure of the health and safety of these people through conducting a risk assessment. A risk assessment can be defined as identifying a potential risk. Employers have a duty of care to ensure as much as possible of the health and safety of people involved with the business. Often an employer will appoint specific person to deal with risk assessments within the business that is trained within health and safety. This is highly recommended for a business to use as it is known to significantly decrease the risk of problems regarding health and safety within a company. This is because by analysing and then identifying potential risks, then strategies can be used in order to combat these potential risks so as an employer completes their duty of care for the people involved in the business. There are many factors that a company must take into account when opening there business so that they maintain their responsibility of ensuring the health and safety of people involved in the business. The first issue that I will look at is when a business is employing five or more people. In this case the business would have to have an official record of what the assessment consists of, meaning that that the employer would have to have certain plans in order to deal with potential risks. As well as this, there must also be a formal health and safety policy, which also includes arrangements to protect the health and safety of the employee. Health and Safety at Work Act The next issue I am going to focus on is the employers duty of care in practice. It is imperative that all employers, despite the size of their company ensure of certain factors, and examples of of these factors are shown below: Ensuring the workplace is safe. Â  Provide adequate first aid facilities. Â  Have emergency plans for potential risks. Firstly, employers should prevent the risks of injury within the workplace as much as possible. Following this, if an injury was to occur then there should be first aid facilities than can deal with the problem effectively. Finally, if an injury was to occur then the employer should have emergency plans so that it can be dealt with to the highest standard so as the person involved is treated in the most effective way possible. In order for the workplace to be safe and healthy, an employer should:Â  Light premises so that employees can work and move safety. Â  Ensure that employees are their necessary work break. Â  Store items so they are unlikely to cause an injury. These are some examples above of what an employer is expected to ensure of in the workplace for the health and safety of people involved with the company. Firstly, the premises should be at the correct light so as people an see what they are doing and the chance of an injury will therefore be decreased. The employers must also ensure that their employees have the adequate time break so that they are able to operate effectively, on both a person and business level. A hazard that is often a cause of injury within a workplace is when items are not stored correctly and when to storage cupboard is opened it falls, causing an injury. This is therefore vital for the employers to ensure that employees are able to store items correctly to prevent injury. The rights of an employee within the workplace with regards to health and safety are shown below. Â  To have any risks to your health and safety properly controlled by your employer. Â  To be provided, free of charge, any personal protective and safety equipment If there are reasonable concerns about your safety, to stop work and leave your work area, without being disciplined. To tell your employer about any health and safety concerns you have. COSHH This is a law that requires employers to control substances that are hazardous to health. This meaning of this law is shown below. C ONTROL O F S UBSTANCES H AZADOUS H EALTH An employer will be able to prevent employees exposure to these substances by: Â  Identifying the health hazards. Â  Creating a risk assessment. Â  Provide training to employees to understand these substances. Provide training to employees so they know how to deal with an accident involving these substances. Â  Planning for emergencies. There are often chemicals and substances within a workplace that are hazardous to employees healthy, and through using COSHH then the chance of employees having an injury that is related to chemicals or substances in the workplace is significantly reduced. This is on the assumption that the employer takes into consideration the points stated above. Most businesses use substances, or products that are mixtures of substances. Some create substances that could cause harm to employees and people within the workplace. Sometimes substances are easily recognised as harmful such as paint, bleach or dust from natural materials may also be harmful. The company itself would be responsible for carrying out the procedure above and any equipment necessary to ensure the employees and people within the workplace are not effected by hazardous substances. The necessary equipment needed to ensure this will also need to be maintained by the company itself. Fire Precaution Act 1971 This legislation deals with factors including: * The detection process and giving a warning in case of a fire. Â  The process of escape from the danger. * The way to fight and combat a fire. The training of staff with regards to fire safety. This legislation focusses on safety within the workplace with regards to the chance of a fire. This is designed to ensure that employees are able to prevent a fire occurring as much as possible. However, in the case of a fire employees would be able to deal with it effectively so as the safety of people involved are ensured. The first point looks at the importance of being able to identify that there is in fact a fire within the premises. This can be done through having adequate and effective fire and smoke alarms located thoroughly throughout the workplace. If a fire is identified then people within the workplace will need to know the process of escaping to safety. This can be done by having fire exists in the workplace, with employees of the company taking control of the situation and ensuring people within the premises are re-assured and are guided step by step to safety. In some cases there will need to be staff trained that are trained in being able to combat a fire whilst emergency services on on route to the premises. This can be done with effective training in fire extinguishers and necessary equipment used to combat a fire. As it is the resource managers responsibility to deal with the safety of employees and customers, then it will consequently have an effect on them. For example, they will have to send staff on training courses regarding fire safety which will be at a cost. However, this training is a necessity and will be needed by the company. As well as this, there will be changes in equipment such as more modern and effective fire extinguishers. Therefore, further training with regards to this be needed to be carried out by the resource manager to ensure that certain employees can use these pieces equipment effectively in the event of a fire. Employees may have to go on training courses mean that they will not be able to work whilst this training is being carried out. This training could be off the job and could be at a different premises to their workplace and therefore these employees need to be willing to commit to this so as the training on new equipment can be complete. This equipment would be the responsibility of the company who is providing the training to another company to make sure it is in the appropriate condition so that the safety of trainees is ensured. The Control of Noise at Work Regulation 1989 This legislation came into force for all industry sectors in Great Britain on 6th April 2006. The aim of this legislation is to ensure that employees hearing is protected from excessive noise in the workplace, which has the possibility of damaging their hearing or can be a cause of tinnitus. The level at which employers must provide hearing protection is 85 decibels, on the means that it is a daily or weekly average exposure. Employers must access the situation regarding this legislation and where it is necessary, ensure that: Hearing protection is provided and used. Â  They provide information, training and health surveillance where it is needed. Certain factors can be used to judge whether there is a problem with noise in a workplace. These factors are shown below: Â  Whether employees have to raise their voice to carry out a normal conversation from about two metres apart. Â  Whether employees use noisy powered tools or machinery for more than half an hour a day. Â  If there are noises due to impacts, such as hammering. The purpose of this act is to ensure of the health and safety of people within a business in regards to the noise in the workplace. The resource manager will have to purchase the necessary equipment to measure to decibel level in the premises so that the right precautions can be carried out if they do in fact reach a certain level. For example, if the noise in the workplace does exceed 85 decibels then it means that the resource manager will have to purchase the necessary equipment to ensure that the hearing safety of people with the premises are ensured. Equipment that would usually be used are ear plugs, which primarily cut out exterior noise pollution, and allow the person to hear people from a close range. Conclusion In summary, a resource manager will have to take into account certain legislations and factors so that the health and safety of people involved within a company, such as employees and customers are ensured. This may mean that they will have to purchase equipment and use training to have be able to do so.

Racism :: essays research papers

It's one of the most explosive topics around and one that people rarely greet with sincerity. Everywhere you go, and everywhere you look, there is always somebody different. Imagine walking down the street and having people stare at you or call you names, or talk behind your back, just because your skin is a different color, or your of a different religion. We all seem to ask our selves the same question over and over, why do people do this? But unfortunately racism is almost impossible to stop. There will always be egotistic people who considers their race to be better then that of other’s. The novel I read is about a Jewish girl by the name of Judith who begins to experience the cruelty of racism at the age of seven. The two boys that live across the street from Judith were always mean to her. They said that because she was Jewish she wasn’t allowed on their side of the street. And if they ever saw her on their lawn they would beat her up. She had no friends at school or in her neighborhood except one girl by the name of Rachel, who was also Jewish. The problem was that Rachel lived in America, and Judith lived in Canada, other then summer camp they couldn’t see each other. The next summer Judith met a Jewish boy by the name of Ori, who also lived in America. She felt as though they were soul mates. Several years went by, and Judith and Ori moved to Israel together. They got a small, one bedroom apartment and began University. Not long after, they began to drift apart from each other. She packed up all her stuff and decided to move to London. Then she met a guy by the name of James. He wasn’t Jewish, but Judith really liked him. She knew that her parents would never approve of him, but she didn’t care. It didn’t matter to her the fact that he wasn’t. But once her parent’s found out about James they gave her an ultimatum. Either she moves back home to Toronto, or goes back to Jerusalem. Since she didn’t have time for a job and her parent’s refused to pay her bills, she had no other choice but to go back to Jerusalem. Her dreams were shattered, and she was left empty handed. What staggered me the most about this book was the information I came across in the second chapter.

International Financial Reporting Standards Essay

Organizations around the world are continuously recording data and reporting financial information to the used for many purposes by the respective users. A tremendous amount of financial transactions continuously stir in the organizations, some transactions occur each second or minute whereas some transactions are very unique and take place occasionally as a result of a specific event. That is why to bring things in conformity and consistency, it is important that organizations establish standards and procedures for recording their data. In doing so present results will be in a position to be compared with historical data and with entities in similar industry. Listed companies have to particularly follow standard formats and disclose their financial information in such a way that it is easily understood by the users of the financial statements. This is because consistency flows through not just one organization but the entire industry making outcomes easier to contrast. These objectives are being addressed by standard setting boards such as IAASB by setting International Accounting Standards (IAS) and International Financial Reporting standards (IFRS). Both IFRS and IAS are equal in terms of their value and standing. (Tatum Malcum) All transactions need to be recorded as suggested above. One of the aspects that are a part of recording is financial instruments; created by a legal document and having different monetary values. They can be classified as cash or derivative instruments. Cash type of financial instruments is widely used and can be most easily understood. Currency in itself is a cash instrument or a bank cheque is a good example which can be used to transfer money from one bank account to another. However derivative instruments include those tools such as futures; an instrument saying that the seller will sell the asset or buyer will buy it at a future date. Price of such transactions is determined at the time of entering into a future contract. There are other instruments as well such as options and swaps whereas sometimes stocks, bonds and currency forwards are also termed as financial instruments. (Tatum Malcum) Due to the wide range of financial instruments being used, IAS 39 was introduced by International Accounting Standards Committee (IASC) in 2001 to regulate the process of recognition and measurement of such transactions. The organizations dealing with them were facing problems with respect to treatment as different approaches were being applied by entities. This led to inconsistency of disclosing and recording of appropriate amounts within the industry as they were no standard process for recording the financial instruments. This directed the results of entities within the same industry to be incomparable with one another. Many of transactions involving financial instruments remained unrecognized as no proper recognition and measurement processes were known to the accountants. Hence CFO and CEO were in a position to distort the actual results and lead shareholders astray. (Miolo Alessandro, Andersen Arthur) In response to that IAS 39 introduced a concept of fair value accounting. The standard increased the importance of the fair value accounting for the financial instruments and therefore required entities to record assets and liabilities on the face of the balance sheet and discloses the nature of derivatives in the financial statements. In case of hybrids, the structure had to be broken down into two components (Miolo Alessandro, Andersen Arthur). This is because hybrid instruments have a mixture of characteristics of both debt and equity thereby market price of the hybrid instrument is sensitive to both the interest rates and quoted price for the stock (Riskglossory. com). The two components of the hybrid contract are real contracts however derivative is separated from the contract to be measured at fair value. (Miolo Alessandro, Andersen Arthur) IAS 39 also introduced hedge accounting for all derivatives in order to minimize the volatile affects on the income statement. Further segregation in the standard came into place as the â€Å"intention† of hedging was used to establish which accounting rules will be applied. As a result a fair value hedge, net investment hedge in foreign currency and cash flow hedge accounting rules was launched. In fair value hedging the risks are connected to the fluctuation of fair value of an underlying asset or liability. Whereas cash flow hedges are those in which the exposure is connected to the future cash flows of assets or liabilities recognized or any future commitment or forecasted cash flow of the organization. Moreover, the net investment hedge in foreign currency is hedging the risks of an entity’s net asset which is not an associate, joint venture or a subsidiary. (Miolo Alessandro, Andersen Arthur) Implication of this IAS affected all the users of financial statements and also the people who were trying to comply with the standard. The development of this standard and its implementation had significant impact on the strategies in dealing with financial risks. As the financial instruments have volatile affects on the equity portfolio and income statements these affects were then being countered by engaging in hedging strategies and transparent accounting policies. (Miolo Alessandro, Andersen Arthur) IAS 39 also provides organizations with the recognition criteria on how to record hedging instruments when entering into a transaction. After that at each period end gain and loss is recognized on an ongoing basis. So it has a forward looking stance at initiation but a backward bearing when re-assessment of investment’s effectiveness is carried out. The organizations needed to asses which process of reassessment would be right for their investment portfolio. A proper system was therefore required to record and reassess not only cash flows and fair values but also take into account the premiums and discounts involved. Moreover, IAS required the disclosure of all the investments and subsequent gains or loss arising due to it. (Miolo Alessandro, Andersen Arthur) The first revision of the IAS 39 took place in 2004 which incorporated Macro hedging, involving interest rates risks hedge. This amendment was made due to the increase use of these instruments and such investments were not addressed by IAS 39. Macro hedge is an investment technique to reduce or minimize the risks associated with the whole portfolio of investments (Peter Williams). This investments technique was widely spread because of the ease of information available about the interest rate and currency fluctuations between different countries. The macro managers earned by hedging the risks in different market by buying long and short in different markets of the globe. That increasing trend required the correct measurement and recognition of such investment which could only be linked with financial instruments dealt in IAS 39. (Hubpages, Inc. ) Further amendment took place on the issue of initial recognition of financial asset or liabilities and the subsequent charging of gain or loss. Initially all of such instruments were allowed to be measured on fair value if measured reliably. In 2005 the option to value instruments at fair value had been restricted to only those investments which had significantly reduced due to accounting mismatch along with those financial instruments whose fair values were regularly managed evaluated for its correctness. In addition IAS 39 stated before October 2008 that once an instrument is classified on the basis of fair value i. e through profit and loss category, it cannot be reclassified. Amendment in 2008 allowed some of the instruments to be reclassified from fair value and available for sale category under certain conditions and a disclosure is required in case of such a reclassification. Moreover it was stated that all the derivatives need to be reassessed in case of any reclassification; an issue that was developed due to the global credit crunch, significantly affecting the financial market. (Delloitte Touche Tohmatsu) With all the problems and issues dealing with financial instruments IASB and FASB started working together on IFRS 9 to replace IAS 39. Its purpose is to reduce difficulty in accounting for financial instruments and hedging activities. This development took place in phases. Phase one tends to improve and simplify the measurement and classification of the financial instruments. Though this phase has been completed but the exposure draft has been under plan to be issued and the implementation is to be completed in the current year. (International Accounting standard board) This new standard has raising concerns in the world in corporate sectors on how this will be implemented and how it will affect their operations. Many are happy for the change to take place as the IAS 39 is thought to be a difficult standard to implement. The replacement is a result of the world’s economic crises after which all the investors and the regulators of financial institutions were demanding for an accounting system which showed the types of assets and liabilities held at a given time, the risks that they are exposed to and gain and losses expect to be realized. (IFRS 9 – Deconstructing IAS 39) In 2008 when Lehman Brothers share price collapsed, the investors in turn rushed to purchase the share prices in anticipation of prices bouncing back. However they couldn’t see the situation of the bank’s exposure in financial instruments related to subprime loans as less information was disclosed for their understanding. Hence it was later suggested that accounting needs to be clearer which became evident upon the fall of many banks. IFRS 9 strived to cater and answer all these major issues in hand while giving organizations an option to adopt this standard before it becomes mandatory in 2013. Only the first phase of the standard is completed and all the stakeholders are waiting to implement it upon finalization of IFRS 9 completion. IFRS 9 – Deconstructing IAS 39) IFRS 9 looks to tackle all the current problems and questions probed by various investors but it cannot give a guarantee to prevent any crises in future. It is important that accountants, regulator and the investors remain vigilant because no matter how much IFRS 9 helps to simplify the accounting of financial reporting, when this economy starts its recovery phase no one can stop the development of new financial instruments eluding the situation like before. European Union refused to adopt IFRS 9 last year posing some questions relating to fair value of investments coverage. On the other hand Japan signed it for an early adoption in March 2010 which is a significant step toward promoting transparency in policies and implementation (IFRS 9 – Deconstructing IAS 39). Hence it can be clearly seen that IASB and FASB have been working for the betterment of the society by incorporating the external changes in the market which can be reflected upon the replacement of IAS 39 with IFRS 9.

Are we happier than out forefathers? Essay

The word ‘Forefather’ is the word of great honor and regard, and it may be one of the biggest controversy and irony if we entangle ourselves whether we are leading a happy life or our forefathers were. Though science and technological development has made our lives comfortable and easy, providing all luxuries and comforts yet, the side effects of it’s are worst as we have lost the peace of mind and the time has come that we people are now resisting on YOGA and meditation i.e. the teaching of our forefathers. Flourishing of YOGA and meditation centers in town and cities are the instance of it. Internet makes us close to the people of the world yet we have lost the warmth and charm of physical meetings and physical presence. The warmth and charm our forefathers felt by traveling abroad and by physical meetings to the people concern. Although science advancement has opened many phases of employment yet it is not fulfilling the proper needs of employments as we have seen the youths wandering here and there in search of jobs. In this concern, our forefathers were at much better place as heredity occupation system was in existence and children very often applied the same profession of their forefathers. Imaginations have been lost in literature arena as today mostly our findings are in the shape of Medical journals and technological journals, but the emotions, sentiments and even the voice of the people crafted by our Forefathers in their time has been totally missing out. If it is not so why so far we have not been able to give birth any other Shakespeare, Milton, Mirza Ghalib, Iqbal or Kabir Having all the advancement of science, we people have become much centralized and selfish that hardly we have enough time to take care of the emotions and sentiments of the members of our family and relatives as our forefathers stuck to it very hard.

The 10 Most Stressful Jobs

The 10 Most Stressful Jobs work stress- we all have it in some form, no matter what we do. whether it’s deadlines, or colleagues who make things challenging, or not enough resources to perform at a certain level, every job has its down times. however, some jobs are just more stressful than others, especially ones that deal in actual life-or-death scenarios or the public crucible. every year, careercast does a survey to determine the most stressful jobs around. they look at 11  different stress factors, including: deadlines, public attention and pressure, travel, interacting with the public, salary, physical demands, job environment, hazards, risks to others’ safety, and risks to one’s own life and safety.here are the most stressful jobs, according to that survey:enlisted military personnelit may come as no surprise that men and women on duty in active war zones face the most job stress of anyone. enlisted military personnel (even those not serving on the front lines) face a number of phy sical challenges in their career, as well as concerns about their safety and the safety of those around them.firefighterwhen a firefighter responds to a call, it could be a false alarm, or it could be a raging fire with people to be rescued. firefighters need to be prepared for any outcome when they leave on a call. by the very nature of their jobs, they run into very unsafe situations to make sure that the rest of us are safe- a high-pressure situation no matter how you look at it.airline pilotairline pilots are entrusted with the care of not only a plane full of passengers and crew, but also a giant piece of multi-million-dollar equipment. plus they have to do it all on a very strict schedule. the next time you’re delayed in an airport, take some time to reflect that we’re asking pilots to achieve great things under an incredible amount of pressure.police officerlike firefighters, police officers are often the first responders when things go terribly wrong. they†™re tasked with the huge public trust of keeping law and order- a responsibility that can weigh on the everyday life of an officer. they’re often exposed to the worst elements society has to offer, and risk harm on a daily basis.event coordinatoralthough event planning is rarely a life-or-death situation, it can be an incredibly stressful career path. if all of the elements of an event don’t go just right, it’s often the coordinator whose name and reputation are on the line. not only that, he or she is directly accountable to clients and the public.public relations executivelike event coordinators, public relations executives are often very publicly accountable for their actions. olivia pope may make â€Å"handling it† look smooth, but in reality the people who try to manage public information for clients are often up on a very high-profile high wire.senior corporate executivestock prices dropping like it’s hot? company had a very high-profile mi stake or a bad customer experience that went mega-viral? it’s likely the ceo whose reputation and job which are on the line. the combination of business stress plus public accountability is likely what lands high-level corporate executives on this list.tv broadcasterimagine that thousands (or millions!) of people are watching you on television, with every second immortalized in hd. any slip of the tongue could launch a thousand twitter statuses, or worse- land you in youtube infamy.newspaper reportermuch of the time these days, newspaper reporters can’t win. the financial woes of the newspaper industry are legion (how many times a week do we hear that newspapers in general are on the brink of death?), but even reporters worried for their jobs can’t afford to let news quality or misinformation slip.taxi driverif you’re a taxi driver, not only do you welcome dozens of strangers per day into your car and personal space, but now for traditional yellow cab vet erans there is extra competition lurking from rideshare apps like lyft or uber. for many drivers, the stresses of the open road join the risks of interacting with the unknown public.so after knowing what the most stressful jobs are these days, are you brave enough to tackle them?

All About the Major French Verb Faire

All About the Major French Verb Faire The irregular verb faire  (to do or to make)  is one of the 10 most frequently used verbs in the French language alongside à ªtre,  avoir, dire, aller, voir, savoir, pouvoir, falloir, and vouloir. Faire is also used to form  the causative construction and in numerous idiomatic expressions. 'To Do' or 'To Make' Faire means to do and to make in most senses that these verbs are used in English. Je fais la lessive:  Im doing the laundry.Je fais mes devoirs: Im doing my homework.Je fais du bricolage: I do odd jobs/DIY projects.Je fais un gà ¢teau: Im making a cake.Je fais des projets: Im making plans.Je fais des progrà ¨s: Im making progress. Exceptions When the intent is to communicate to make, the French tend to be more specific, and, instead of faire, they would use, for example, fabriquer, construire, obliger, forcer, donner,  or a whole list of alternate verbs. In the following instances, idiomatic usage calls for  the verbs rendre and prendre, not faire: When to make is followed by an adjective, it is translated by rendre: Ça me rend heureux: That makes me happy. To make a decision is expressed with  prendre une dà ©cision: Jai pris une dà ©cision: I made a decision. Causative Construction The  causative  construction  faire  plus an infinitive describes when someone or something has something done, makes someone do something, or causes something to happen. Je fais laver la voiture: Im having the car washed.Il ma fait laver la voiture: He made me wash the car.Le froid fait geler leau: Cold makes water freeze. Expressions With 'Faire' Faire is used in a number of idiomatic expressions, including many related to weather, sports, math, and everyday life. Il fait du soleil: Its sunnyIl fait froid:  Its cold out.il fait beau/il  fait beau temps:  Its nice weather./Its nice out./The weather is fine/nice.Je fais du ski: I ski.Je fais du golf: I golf.Deux et deux font quatre: Two plus two equals (makes) four.Je fais de lautostop:  Im hitchhiking.Il fait sa tà ªte:  He acts impulsively.Ça fait parti de notre projet:  Thats part of our plan.faire 5 kilomà ¨tres:  to go 5 kilometersfaire trois heures: to be on the road for three hoursfaire acte de prà ©sence:  to put in an appearancefaire attention :  to pay attention to, watch out forfaire bon accueil:  to welcomefaire de la peine quelquun:  to hurt someone (emotionally or morally)faire de la photographie:  to do photography as a hobbyfaire des chà ¢teaux en Espagne:  to build castles in the airfaire des cours:  to give classes, lecturesfaire des à ©conomies:  to save up/to save money/to economizefaire de son mieux:  to do ones bestfaire du lard  (familiar): to sit around doing nothingfaire du sport:  to play sports faire du thà ©Ãƒ ¢tre:  to be an actor/to do some actingfaire du violon, piano:  to study violin, pianofaire dune pierre deux coups:  to kill two birds with one stonefaire face :  to oppose/to face up tofaire fi:  to scornfaire jour, nuit:  to be daytime, nighttimefaire la bà ªte:  to act like a foolfaire la bise, le bisou:  to kiss hellofaire la connaissance de:  to meet (for the first time)faire le mà ©nage:  to do housework Conjugations You will find  all tenses  of  faire  conjugated elsewhere; for now, here is the present tense to illustrate just how irregular this essential French verb is. Present tense je faistu faisil faitnous faisonsvous faitesils font

Law and state coursework 1 Essay Example | Topics and Well Written Essays - 2500 words

Law and state coursework 1 - Essay Example Thus in theory, a strong Parliament keeps the government in check. Whether this is true or not, however, has been the subject of lively, sometimes contentious, debate for more than a century. Marshall (1989 pp. 2-4) was of the opinion that the phrase â€Å"Collective responsibility† invokes in the first place that the Crown is advised by a collectivity. Collective responsibility is generally represented as one of the major conventions of the constitution. It involves three sets of practices. The first is the Confidence principle, which requires governments to resign or advise dissolution in case of defeats in the House of Commons (understandably, only defeats on specific motions of no confidence are now thought to compel this consequence). The second, the Unanimity principle, states that all members of the administration speak and vote together and as one in the House of Commons; and the third is the Confidentiality principle, which asserts that members of the administration are entitled to the ministerial prerogative to resist disclosure of information. This last principle has consistently been pleaded as the ground for restricting information that can be given b y civil servants to Parliamentary Select Committees, the press, and the public in general. According to Morley (1889, Marshall e. pp. 17-19), the doctrine of collective responsibility is the most important of four principal features of the British system of Cabinet government. The second principal feature is that the Cabinet is held answerable immediately to the majority of the House of Commons, and through them to the electorate. Thirdly, the Cabinet is selected exclusively from one party, which is the general rule, and which identifies the British Parliament as a ‘strong party’ system. Occasionally this rule is breached, but only on the occasion of some ‘uncommon, peculiar, and transitory

Rumi In Forty Rules Of Love Assignment Example | Topics and Well Written Essays - 500 words

Rumi In Forty Rules Of Love - Assignment Example The spiritual faith was also vital in that it was passed onto his friends and family who happened to follow the teaching that Rumi followed. This was important in that it helped him develop further his religious faith and get to understand people and the environment even further. Focusing further on the spiritual relationship between Rumi and Shams, one gets to understand the extent to which the former inspired the latter to renew his faith even at times that they saw as if their friendship would fail. The deep spiritual character in the story is also experienced from the manner in which they promise each other that they would be there for each other. There even at times that the other one had lost faith and that they would renew this faith and consequently lead a better life.Throughout his life, the one thing that Rumi wanted became a successful poet. As he went around his life carrying out his activities, he often required a boost in order to ensure that his life goals got achieved . It is from this that we often find that he had a character of persistence and dedication. These two are well expressed in the character throughout the book, and this is from the manner in which he does not give up hope but rather continues pursuing his goals sure he would achieve them. It is from this that one gets to understand that the character is very well endowed with the required attributes to perform well. Shams know this well enough that the author says Shams decided to dedicate his life to see to it that Rumi achieved his goals.