Company Strong Internal Control Measures â€Myassignmenthelp.Com

Question: Discuss About The Company Strong Internal Control Measures? Answer: Introduction The two Australian Company that have been selected are-Telstra is an international company that provides digital telecommunication services to the people. It compromises of mobile, internet and other cloud computing services. The company has the highest market share with the level of growth improving every quarter. It is one of the leading companies in the telecommunication sector.TGP Telecom is the second largest Australia Company in this sector that provides digital communication services to the people. The company has a large number of subsidiaries and it expanding internationally to support it in its quest for success(Das 2017). The two Malaysian Companies that I have selected are Sino Hua-An International Berhad, is a Malaysian listed company that sells international metallurgical coke and related products in the Malaysia. The Company is the chief supplier of iron ore. The other company is Titijaya Land Berhad that is one of the top property developers in the country that provides top services in this sector. The financial records of all the four companies have been extracted and analysed to comment on the financial position of these countries. Requisite analysis has been done to provide a clear picture of the present liquidity position. It will help the investors in taking important decisions with regard to these companies(Maynard 2017). The analysis is done hereunder- On the basis of the above ratio analysis we can say that In case of Telstra we see that return on assets, return on equity all have reduced that shows that the company is not performing well. The gross profit ratio, the current ratio and the liquidity ratios are much better than TGP that shows that the company having strong internal control measures. Also the company is taking advantage of its trading on equity and hence it is also the master leader in the Australian economy. The ratios show that the company is making good use of its equity position making the most of its share in the market. Even if the return on shares is not that good, the company is performing very well given to its strong liquidity position that is reflected in its current and liquidity ratios(Venezia 2017). In case of TGP Telecom Company, the return on capital and return on assets is stable that shows that the company is earning profits and the shareholders return is good as the return on equity is increasing. The gross profit margin and the net profit margin ratios are almost stable this shows that the company is improving. The current ratio and the quick ratios have decreased that shows that the overall liquidity position of the company have worsened and the liquidity position is not favourable. But on the investor perspective the company is giving good records hence the company needs to employ more internal control measures to make its overall position strong, along with the investors return(Muller, Ward Moodley 2017). In case of Sino Hua-An International Berhad, we see that the return on assets is negative but over the years, the ratio is improving but still they are in negative which shows the company is not profitable in the respect of the investors. The gross profit ratio, we see has also been negative but in the current year it has become positive so that shows that the company is earning the required amount of profit. The liquidity position of the company is good giving to its current ratio and the liquidity ratio. The long term liquidity ratio is not applicable which shows that there is no debt in the company(Fay Negangard 2017). In case of Titijaya Land Berhad, we see that the return on shares and return on assets is decreasing over the years it shows that the company is not performing well and is not favourable for the investors of the company. The asset turnover ratio is also decreasing, which shows that company is not doing well. The company is taking huge debts but still on the basis of the above ratios it can be said the own assets are more than the debts(Werner 2017). Conclusion On the basis of the above analysis we can say that the Australian companies are performing more better than the mlayasian companies. References Das, PK 2017, 'Financing Pattern and Utilization of Fixed Assets - A Study', Asian Journal of Social Science Studies, vol 2, no. 2, pp. 10-17. Fay, R Negangard, EM 2017, 'Manual journal entry testing : Data analytics and the risk of fraud', Journal of Accounting Education, vol 38, pp. 37-49. Maynard, J 2017,Financial accounting reporting and analysis, 2nd edn, Oxford University Press, United Kingdom. Muller, C, Ward, M Moodley, T 2017, 'The relationship between the management of payables and the return to investors', Journal South African Journal of Accounting Research, vol 31, no. 1, pp. 35-43. Venezia, I 2017, Behavioral Finance: 'Where Do Investors'' Biases Come From?', WORLD SCIENTIFIC, Singapore. Werner, M 2017, 'Financial process mining - Accounting data structure dependent control flow inference', International Journal of Accounting Information Systems, vol 25, pp. 57-80.

Love free essay sample

The Jazz concert I attended took place in Fullerton College Theater on November 13, 2012. The Fullerton College Jazz Big Band and J- Train vocal Jazz was very organized and well structured. The first song was the Open Invitation which was performed by the J- Train Vocal Jazz. The song was so interesting because the soloists had great voices. Everyone around seemed interested and amused. The J- train vocal Jazz also performed the songs Nancy Necromancers Cannery, and Fugue in D Mirror.My personal favorite by the J-Train Vocal Jazz was Everyones Bopping because in the ginning of the song the vocalists scat. In the performance two soloists scat at least one time, and the rest of the choir performers sing the chorus. The beat of the song was fast and the instruments that got a solo were guitar and piano. The guitar and pianos solo were amazing because you could see the relationship the soloist had with its instrument which was extremely passionate. We will write a custom essay sample on Love or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The next song performed was Big Brown Eyes which was slow and full of patience.The vocalists sing bebop most of the time, and there are four soloists, the drums are Just tapping, and the whole memo of the song is slow. The big band also performed The Keystone Shuffle, the instruments being used were drums, bass, guitar, piano, trombone, and then there was a section of the song where the saxophone players battle each other . Both of the saxophones were going at a very fast beat. The next song performed was Out of Town which starts with the drums and guitar as bass. The saxophone player Joins In and the whole band starts to plays together. They were all on point with each other which made the song easy to listen to.The piano, the saxophone had Individual solos ND in between the song there was Interaction between the two. The concert was very entertaining; I really enjoyed the J-Train and Big Band. Everyone around seemed to enjoy It as well. It was sweet of the big band to dedicate the song as The Saints Go Marching In to the Friends of Jazz Scholars. In the middle of the concert The Friends of Jazz gave out scholarships to the Fullerton College Big Band and To the J- Train Vocal Jazz to go perform In New York. The song When the Saints Go Marching In was played at a medium tempo.The drums start It off and the flute, saxophone, electric attar follow after the drums. The whole concert was amazing and definitely made me want to groove and listen to more Jazz on my free time. I am happy I made this my first concert to go to because If I could favor one type of Jazz would be big band type of Jazz and I love It when the Jazz band or vocalists scat. BY jacketed personal favorite by the I-Train Vocal Jazz was Everyones Bopping because in the Town which starts with the drums and guitar as bass. The saxophone player Joins in which made the song easy to listen to.The piano, the saxophone had individual solos ND in between the song there was interaction between the two. The concert was very entertaining; I really enjoyed the J-Train and Big Band. Everyone around seemed to enjoy it as well. It was sweet of the big band to dedicate the song as The Saints Go Vocal Jazz to go perform in New York. The song When the Saints Go Marching In was played at a medium tempo. The drums start it off and the flute, saxophone, electric my first concert to go to because if I could favor one type of Jazz would be big band type of Jazz and I love it when the Jazz band or vocalists scat.

History of Ngo Essay Example

History of Ngo Essay Example History of Ngo Essay History of Ngo Essay The changing face of volunteering in India 26 September 2006 by Patralekha Chatterjee Stepping carefully around the pits and mounds, four men approached the only source of light to be seen a small kerosene lantern burning inside a mud and grass hut. There were four residents inside a couple and their two children, 10 and eight. They dug the pits, cut the rock and hauled it to the trucks, all without salary. They were bonded labourers, bonded for life and for generations to the owner of the pit because some ancestor sometime had borrowed money and had been unable to pay it back. Two of the four men who visited the hut that night in 1985 were from a nongovernmental organization called Bandhua Mukti Morcha (Bonded Labour Liberation Front). The other two were journalists brought by the NGO to prove that bonded labour a form of slavery did exist right in the nations capital. After the visit, the men from the NGO went to the police station to lodge a complaint, because bonded labour is illegal in India, and so is child labour in a profession as hazardous as this. The complaints, and the articles written by the journalists after the visit, were part of the NGO campaign to make the government implement the law. Every day, different NGOs all over India are doing things like this. Sometime it may be taking a sample of water from a well that has been polluted by a nearby factory, getting the water analysed and then filing a public interest petition in a court to force the factory to follow anti-pollution laws. Another time, it may be a heated debate with a bureaucrat on why all citizens should have the right to be informed about all government decisions that affect their lives. Though the term NGO became popular in India only in the 1980s, the voluntary sector has an older tradition. Since independence from the British in 1947, the voluntary sector had a lot of respect in the minds of people first, because the father of the nation Mahatma Gandhi was an active participant; and second because India has always had the tradition of honouring those who have made some sacrifice to help others. In independent India, the initial role played by the voluntary organizations started by Gandhi and his disciples was to fill in the gaps left by the government in the development process. The volunteers organized handloom weavers in villages to form ooperatives through which they could market their products directly in the cities, and thus get a better price. Similar cooperatives were later set up in areas like marketing of dairy products and fish. In almost all these cases, the volunteers helped in other areas of development running literacy classes for adults at night, for example. In the 1980s, however, the groups who were now known as NGOs became more specialized, and the v oluntary movement was, in a way, fragmented into three major groups. There were those considered the traditional development NGOs, who went into a village or a group of villages and ran literacy programmes, crEches for children and clinics, encouraged farmers to experiment with new crops and livestock breeds that would bring more money, helped the weavers and other village artisans market their products and so on in short became almost a part of the community in their chosen area (usually in rural India) and tried to fill all the gaps left in the development process by the government. There are many examples of voluntary organizations of this kind running very successfully in India for the last five decades. Perhaps the most celebrated example would be the treatment centre for leprosy patients run by Baba Amte in central India. The second group of NGOs were those who researched a particular subject in depth, and then lobbied with the government or with industry or petitioned the courts for improvements in the lives of the citizens, as far as that particular subject was concerned. A well-known example of an NGO of this type is the Centre for Science and Environment. It was a CSE who picked up that sample of well water and then submitted the results of the chemical analysis to a court because the organization had not been able to get the factory to change its polluting practices in any other way. In the third group were those volunteers who saw themselves more as activists than other NGOs did. Of course, all NGOs undertook a certain amount of activism to get their points across they petitioned the bureaucrats, they alerted the media whenever they found something wrong and so on. But this third group of NGOs saw activism as their primary means of reaching their goals, because they did not believe they could get the authorities to move in any other way. Perhaps the best-known example of an NGO in this category is the Narmada Bachao Andolan (Save Narmada Campaign), an organisation that opposed the construction of a series of large dams in a large river valley of central India. The members of this NGO believe that large dams worsen water scarcity for the majority of the people in the long run rather than solve the problem, and they oppose the displacement it entails upstream of the dam. When the NBA found that it could not persuade the planners in India to agree to its point of view, the NBA members put up pickets, held demonstrations and tried every other way they could think of to oppose the construction of the first of the big dams. Most of the NBA member went to jail a number of times as a result. Right now, some of them including celebrated novelist Arundhati Roy face the prospect of being jailed again, because they criticized the Supreme Court of India when the courts decision on dam construction did not go in their favour. There is no strict boundary between these three groups of NGOs in fact, Baba Amte is now an important member of the Narmada Bachao Andolan. And whatever be the category a particular NGO falls into, all of them play an important role in modern India they hold the politicians accountable to the people. India is a representative rather than a participatory democracy. Once the elections are over, the politicians who run the federal and state governments do not really need to go back to the electorate for every major decision there is no tradition of referendums in India, as there is in Switzerland or Denmark. So, in the five years between on election and another, the NGOs and parts of the media, to some extent are often the only means available to the citizens to voice their opinions on any decision taken by a government. In a large developing country like India, there are numerous gaps left by the government in the development process sometimes by intention, sometimes due to lack of funds, sometimes due to lack of awareness. These are the gaps that many NGOs try to fill in modern India. Some of them may work in areas that the government does not want to get into like fighting discrimination on the basis of caste. Most Indian politicians do not really want to upset the existing caste hierarchy in his or her constituency, because the politician is dependent for votes on the dominant castes of that particular constituency. In the process, laws prohibiting discrimination on the basis of caste are often ignored unless there is an NGO working in the area that is willing to take up the cause of those being discriminated against.

EMPLOYMENT LAW Essay Example | Topics and Well Written Essays - 3000 words

EMPLOYMENT LAW - Essay Example The employee should be provided with 28 paid holidays and only be working for 48 hours in a week and the extension of the hour can only be made with consent of the employee, which is mentioned in Working Time Regulations Act 1998. The Employment Rights Act 1996 states that an employee has the right to avail leave for child care and request for flexible working hours. The Act also states that if the employer dismisses the employee from work, the employer needs to provide a concrete reason for the dismissal along with the payment that needs to be settled with the employee. According to the Act the employer cannot remove the employee from the service with unfair reasoning. In case there is a taken over of the company by another company there should not be worsening of the terms of employment, which includes the dismissal as well without a proper organizational, technical or economic reason. This employment right is protected by the Transfer of Undertakings (Protection of Employment) Reg ulations 2006. According to section 1 of Employment Rights Act 1996 the employer needs to provide the contractual terms and conditions of the employment to employee in written. However, there are exceptions to this law. There is a provision under section 2(4) of the Act to provide the statement in installment. However, the statement should be given within two months of the employment. In the year 2010, Equality Act has been employed in the Employment Law of the UK. This act is way beyond employment, which provides access to both public and private services. According to this Act all the employees should get equal treatment irrespective of their gender, race, sexual preference or orientation, religious belief, age etc. These are some major perspectives of the Equality Directives of the Equality Act 20103. The Equality Act 2010 goes beyond the absolute discrimination and fights the discriminations that are made based on race, gender including pregnancy, belief, sexuality including

Materials Engineering Project Research Paper Example | Topics and Well Written Essays - 1250 words

Materials Engineering Project - Research Paper Example This paper has also discussed the different applications of titanium alloys and its limitations in different uses in the modern society. Introduction Titanium alloy is a metal that consists of mixture titanium as the main element and other elements. This is done to achieve high toughness and tensile strength. Generally, alloys have extreme temperature resistance, resistance to corrosion and yet they are light in weight. The process of Titanium Alloying involves the allotropic transformation of pure titanium to the cubic beta phase at very high temperatures of 882.50C (Joshi, 2006). Elements used for alloying normally act as stabilizers at beta or alpha phase. However, by using alloying additions, it is possible to have alpha phase coexisting with beta phase at room temperatures. This is the principle behind manufacture of titanium alloys that can withstand high temperatures during heat strengthening. Titanium alloys are classified into three major groups; beta alloys, alpha alloys an d alpha-beta alloys. Alpha is formed by addition of neutral alloying materials as well as alpha stabilizers such as Sn and Aluminum & Oxygen respectively. Beta alloys on the other hand contain enough beta stabilizers that enable such alloys to retain their beta phase even after quenching. The strength of beta alloys can also be increased through subjecting them to solution treatment and aging. The third category of titanium alloys is beta-alpha alloys that contains both beta and alpha stabilizers thus withstand heat treatments at various degrees. It is important to note that the nature of alloy and stabilizers used greatly influence the heat stability, toughness, tensile strength and other mechanical properties. Production of Titanium Alloys Kroll Extraction Process Titanium alloy is made from Titanium metal and other chemical elements. The main production process for titanium metal is called Kroll process. It involves treatment of the main ore known as rutile with chlorine gas in o rder to get a compound known as Titanium tetrachloride. This compound is then purified and reduced by sodium or magnesium to produce metallic titanium sponge. It is the Titanium sponge that undergoes several alloying process that involve heating and melting to produce Titanium Alloys. In this respect, the purity of titanium resulting from Kroll process is therefore critical for alloying process. According to Leyens & Peters (2003), the purity of titanium Produced depends on the purity of the starting material as well as the parameters and treatments. His is because there are several metallic elements that may cause very undesirable impacts even when they are present in small amounts. Melting Process The second stage in the production of titanium alloys is the melting process. Melting process involves combination of extracted Titanium alloy with alloying elements depending on the type of alloy to be produced. There are about five melting processes: induction Skull melting, vacuum arc remelting, plasma arc melting, Electroslag refines and Plasma Arc melting Process (Joshi, 2006). Melting process begins by blending together alloying elements with sponge followed by hydraulic pressing necessary to produce excellent blocks known as briquette. Apart from sponge, other titanium from scroll process such as scrap or Revert can also be used depending on the quality of the final Titanium Alloy

Citizenship of organizations, nations and the planet- Rights and Responsibilities Essay Example for Free

Citizenship of organizations, nations and the planet- Rights and Responsibilities Essay Man is a social animal. The history of mankind is the history of evolving societies, civilizations and nations. These are the various levels of groups a person exists as a citizen of, where he cooperates with others to fulfil and increase his own needs and potential and therefore developing that group as a whole. Hence, an individual is tied to his social moorings which provide him certain rights for his own self development and also demand from him certain responsibilities for the well being and sustainability of the society as a whole. These rights and responsibilities are indispensable for any organisation to exist and develop. The rights have also evolved as society has progressed. Earlier in the days when democracy did not exist, a king or a dictator did not need to worry much about rights of his citizens. But democracy is based on will of people. In a democratic government, a citizen gets his rights which are fundamental to his well being and growth. Hence, in India our constitution makers provided us with fundamental rights which we did not enjoy when india was not a democratic nation. Similarly, when industrialisation had emerged in western Europe, the rights of the workers was not given much credence to. They lived in miserable conditions, with very long working hours and less leisure. But today, every organisation provides its workers safe working environment as a right. Today, as the twenty-first century enters its second decade the world has shrunk in a space becoming a global village.The ancient Indian notion encapsulated in the sanskrit dictum ‘vasudhaiva kutumbakam’( the world is a family ) has never been truer.Today, its not realistic to think only in terms of ones own country .The exchange of ideas and goods are taking place everywhere in the world with ever greater frequency,speed and ease.The safety of people everywhere not only depends on local security forces,but also on guarding against terrorism.What happens in other parts of the world affect other nations too. We are becoming citizens of a unified planet. Under this perspective, the united nations formulated the Human rights which  are fundamental for the existence of a citizen irrespective of race, gender or geography like right to live with security, right against slavery. If a government denies its citizens these basic rights for example in a genocide, UN can intervene to restore peace and a legitimate government. Likewise it sends directives to its member nations on how they can perform better so that the citizens have better life. A citizen needs to take full responsibility towards Organization, Nation as well as Planet.People everywhere increasingly connected through travel,trade and the internet. World is so closely knitted today that a fire that starts in a remote thatched in one corner of a village can melt the steel girders of the tallest skyscrapers at the other end of our global village. The impact of 9/11 was felt all around the world or the impact of recession that was felt all around the world in 2008 due to the failure of Lehman brothers and Bear stearns .The impact that one citizen, organization or nation creates around the world cannot be ignored in such an interdependent world .We can no longer afford the luxury of not thinking about the impact on the planet in anything we do . The problems that the world is facing today like terrorism ,of the proliferation of weapons of mass destructions,global warming ,contagious disease, poverty, mass illiteracy and massive displacement cannot be addressed by one or a group of country alone .Today nations around the world find them vulnerable to threats from beyond once borders counterfeiters of currency,drug smugglers,child traffickers,pirates ,credit-card crooks and even imported diseases such as swine flu. Such problems required solutions that transcends all boundaries and it can only happen when one think himself as a global citizen and realize their rights and responsibilities towards the planet. Citizenship is the status of a person recognised under the law of a state that bestows on that person the rights and the duties of citizenship. Rights and responsibilities complement each other.It has been rightly said with great power also comes great responsibilities.Rights and respondibilities both should be enjoyed actively .Active citizenship is the  philosopy that citizens would work towards the betterment of society through economic participation, volunteer work and other such efforts to improve life for all citizens. A right has not be enjoyed by an individual at the cost of other’s right. A right pertains to an individual’s liberty but to sustain and develop equality in a society, responsibilities or duties are must to be followed by the citizens. If we have a right to free speech, then it becomes our responsibility to moderate our speech so that it does not incite hatred between groups and communities. Keeping this in view, India incorporated fundamental duties as well in its constitution to complement the rights. Now corporates which thrive on lands and forests occupied earlier by other communities, they have to share their riches with those people in the form of corporate social responsibility. Mahatma gandhi had aptly said that the world has enough to fulfil everyone’s need but not enough to fulfil anyone’s greed. In today’s world where resources are scarce, these words of his have become highly relevant. In the name of development, we are polluting our air and cutting down our forests. We are threatening the livelihood of various communities which sustain on these lands. This has led to widespread social tensions resulting into violence. The corporates and other players are forgetting their responsibilities towards the society. Their rights to do business must be in harmony with the rights of citizens whose livelihood gets affected. Many Management literates have investigated the notion of Citizenship from three perspective-an Organizational Citizenship (where the efforts are undertaken by the employees to behave as good citizens within their organization); from a social perspective with the notion of Corporate Citizenship (where initiatives are undertaken by businesses to act responsibly in society in particular and the Nation in general) and last but not the least from the planet perspective with the notion of Environment Citizenship (where efforts should be undertaken by Individuals/entity to be responsible towards environmental protection). At the organization level citizens should strive for sustainable development . There should be effort towards a future state for human societies in which living conditions and resource-use meet human needs without undermining the sustainability of natural systems and the environment, so that future generations may also have their needs met. Central coalfield Limited(CCL) as a responsible organization in making citizens partner in progress. Major corporate social responsibility(CSR) activity of Central Coalfield Limited (CCL) 1. CCL has adopted 2 villages in the nearby vicinity in which Rs. 50 lac was provided for setting up a Solar Light Generating Unit. 2. CCL has organized 25 medical camps in the adopted villages, in which 2644 persons were benefitted. 3. CCL has constructed/ repaired 17 rural roads, built/ repaired 21 rural schools and 20 community centers have been constructed/ repaired. 4. 11 visually impaired girl students of Brajkishore Netrahin Balaika vidyalia have been adopted by CCL for their education and Health Care. 5. For providing the supply of drinking water, 84 works with respect to digging of hand pumps, installation of hand pumps, wells, ponds etc. were undertaken by CCL giving benefit to 105 villages. 6. 335 health camps were organized in different villages of CCL in which 52309 people were benefited. 7. CCL has started operation JYOTI to eradicate reversible blindness in command areas and 2511 persons have been operated so far. 8. An amount of Rs. 3.70 Cr. was provided to state Government for construction of Bridge on Ray-Tandwa- Khilari Road. 9. Rs. 81.38 lac was provided to Jharkhand state for De-Silting of Kanke Dam, Ranchi.

Atwater vs. Supreme court Essays -- essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  I selected the case of Atwater vs. The city of Lago Vista   Ã‚  Ã‚  Ã‚  Ã‚  Gail Atwater was stopped by a police officer for not having her children seatbelted. Instead of issuing a minor misdemeanor ticket, as is normally done, the officer arrested Atwater   Ã‚  Ã‚  Ã‚  Ã‚  The city of Lago Vista removed the suit and sent it to the United States District Court for the Western District of Texas, Which gave ruling to The city of Lago Vista. The court said that Atwater had failed to present proof that any constitutional right had been violated. The constitutional issue involved, as ruled by the US court of Appeals, was the 4th amendment. In the 4th amendment it states that â€Å"The right of the people to be secure in their persons, houses, p...