Family Structures Shifting From Traditional Families To Modern - 275 Words

Family Structures: Shifting From Traditional Families To Modern (Essay Sample) Content: Name Course title Professor’s name Date Family structures and cultures Introduction Today’s families are very diverse than in the past. In the past children used to have childhood programs in their families. The main aim of the article is to aim and also briefly describe how the shifting from traditional families to modern families. Several challenges, strengths and experiences have occurred due to this shifting. . (Lisa, Kirsten 46) Several issues have come by due to insights from the modern families. Rich families sometimes face joyous moments, frustrations and more. Nowadays families have different structures. Gay family, this is a type of family, whereby one sex of people come together and form a family, a man marries a man. Bilingual family or a bicultural family, this is a type of family whereby one can have two families e.g. one in U.S and the other in Mexico. Single parent family is another type of family; one person takes care of the children in the family. Modern families have affected our culture very much; it has also changed our normal trends. Let’s take a gay family for an example; this was not there in the past. it is against the culture to marry a person of your own sex. But nowadays this is approved; this corrodes the culture and normal trends. The culture has also affected this type of families because the culture goes against these types of families.(Lisa,...

Business Law - 1579 Words

1. Identify the ethical, strategic, operational, and financial issues in this scenario and list them in priority order from most to least critical. As a global healthcare organization, our goal has always been to promote quality of care and optimal health to people around the world. We have a firm commitment to serve diverse communities with products and services that reflect the latest trends in innovation and the highest quality at reasonable prices to match consumer expectations and needs. We have established a culture founded on individual accountability that expects employees at all levels us to communicate openly and transparently; any strategic, operational, or financial challenges we face are viewed through a comprehensive moral†¦show more content†¦2. As the director of overseas operations, what options are available to you to resolve this situation? State the risks and consequences associated with each option you identify. To stay successful throughout the planning process and management of overseas operations, we have to work with leaders throughout the organization to identify events that may affect the achievement of our objectives and to determinate contingency plans or alternative solutions. We understand that the goal of operations management is to affect the entire cycle of a new product line in a positive manner (Chase, Jacobs amp; Aquilano, 2004), so we strive to take into consideration the addition of new resources, the rearrangement of existing resources, and the possible removal of resources to execute the strategic, intermediate, and short-term decisions made by overseas teams. To resolve the situation in Malaysia, we should consider at least two different options that both take into account a flat development expense and uniform unit cost wherever possible. We should first consider adding external resources, including external contractors and existing cross-functional teams. We reason that additional team members could optimize processes to help recover sales, marketing, and local supply chain functions that in turn could add potential value and competitiveShow MoreRelatedBusiness Law And Ethics : Backoffice Business Brief1862 Words   |  8 Pages Running head: BACKOFFICE BUSINESS BRIEF 1 Business Law and Ethics BackOffice Business Brief Patten University BACKOFFICE BUSINESS BRIEF 2 Constitutional Rights and Guarantees BackOffice is a new startup business that will provide potential clients with an application (app) that woul d automate certain business functions. BackOffice will be selling the app to certain business clients that will use it to facilitate their customers’ transactions. It is important that the owner of this companyRead MoreLegal Underpinnings of Business Law Essay609 Words   |  3 PagesLegal Underpinnings of Business Law OMM 670: Legal Environment February 25, 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinker’s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor amp; business | Sole Liability | Tinker amp; Tailor’s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you areRead MoreLaw 531 Business Forms Worksheet1386 Words   |  6 Pagesï » ¿University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary toRead MoreBusiness Law3143 Words   |  13 Pages2012 – OCTOBER SEMESTER 2012 STUDENT NAME: CHU THI HONG TUYEN ID No.: 2448481 BMLW5103 – BUSINESS LAW ASSIGNMENT Question 1 Discuss the enforceability of an agreement which lacks consideration. Using legal authorities (relevant statutes and cases) to support your discussion. Answer: A valid contract is an agreement made between two or more parties that creates rights and obligations that are enforced by law. What does the consideration mean? And what does it effect to the agreement? 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Under civil law, two parties here had signed a civil contract in writing. Because the contract failed to specify clearly front or rearRead MoreBusiness Law Development Of Mongolia2212 Words   |  9 PagesCourse Paper Myagmarsuren Jargal International American University BUS 540: Business Law for Managers Flavia LLoyd June 28, 2015 Business Law Development Issues in Mongolia Mongolia is a developing country, which is encountering challenges to develop modern business law. During the twentieth century, Mongolia had been a socialist country and developed almost fifty years of non-private property regime. However, the end of the twentieth century, the country changed its regime to democraticRead MoreBusiness Law1345 Words   |  6 PagesQn 1: Whether James can hold the Happy Holiday Hotel for the loss of his property under the common law? The issue of this case will be whether James can hold Happy Holiday Hotel responsible for the loss of his property notwithstanding the exemption clause found in the hotel rooms. Under the Exemption Clauses in Common Law, it states that in order for this clause to be valid, the clause must be included in the contract when the contract is made. If there is any attempt to include it in after theRead MoreBusiness Law1088 Words   |  5 Pagesconditional constitute consideration? Yes, such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit bargains. 5. Is there consideration when a secured note for a lesser amount is given and accepted in discharge of an unsecured note for a greater amount? Explain. No, because if a secured not for a lesser amount is given andRead MoreBusiness Law2474 Words   |  10 Pagesnature of liability in negligence amp; (3.3) Explain how a business can be vicariously liable 4 (4.1) Apply the elements of the tort of negligence and defences in the above different business situations for the legal officer who is assigned to VJSC amp; (4.2) Apply the elements of vicarious liability in above different business situations for the legal officer who is assigned to VJSC 8 Conclusion 11 References 12 Introduction Law plays important roles to protect benefits, obligations and

The New Testament - 2180 Words

The New Testament is rooted in history; real histories like time and space. It is also striking in its personal tone. The great majority of its documents are letters; personal letters similar to those used in the modern era. The format may be somewhat different for moderns; however, for those recipients receiving and reading the letters in the 1st Century they represented normal writing conventions. The four Gospel accounts the New Testament contains are personalized accounts of the life and work of Jesus Christ as he came too initiated in the Kingdom of God. They are informative and actually contain the very words of Jesus. Luke, the writer of one of the accounts, gives, early on, in his account, the genealogy of Jesus as traced†¦show more content†¦Only Acts provides the outline of Paul’s missionary activity, from his conversion to his Roman imprisonment (chapters 13-28). No record exists detailing the various missionary activities of the other apostles altho ugh it seems possible they were doing likewise. The author of Hebrews is unknown; however, the book is a superb comparison/correlation of the old and new covenants. The apocalyptic revelation John received is addressed to seven churches of Asia and, while it gives warning concerning their current treatment of the gospel, it also gives encouragement to them pertaining to present and upcoming persecution. The New Testament is a wonderful piece of divine literature and stands worthy of our confidence. It is generally thought that Paul’s writings were the first to be recognized in their circulation among the churches. His letter to the Galatians appears like it was his first and to have been written approximately 48-49CE. His other letters are thought to have been written during the 50-60’sCE. The Gospel accounts are considered to have been written in the period 60-85CE. Luke is credited with having written his Gospel account as well as Acts sometime during the 60-70CE timeframe. The writer, as well as the date of writing of Hebrews, is unknown; however, estimates are of a pre-70CE

ERP Implementation Business Accounting

Question: Discuss about the ERP Implementation for Business Accounting. Answer: Introduction The accounting software is designed for automating the processing, recording, handling as well as storage and also accessing different kinds of financial transactions of a business along with other associated information. It helps in the improvement of accuracy, efficiency and cost-effectiveness in accounting and financial operations. It also provides the companies with powerful mechanisms to streamline their essential financial processes and implementation of formal procedures for collecting, maintaining and presenting financial data (Business-Software.com, 2009). The organisations may either develop the accounting software in-house or purchase it from a third party. It may also use the application software package of the third party after making local modifications. The accounting packages differ vastly in cost as well as complexity (Pulakanam Suraweera, 2010). The accounting packages that exist today record the financial transactions and along with that they also produce accounting reports. However, for managerial decision making, functionality is also included so as to gain a competitive advantage (Collins, 2006). In the recent years, accounting software have made great leaps technologically in terms of flexibility, sophistication, speed and power. There has also been an increase in the number of innovative features like web interfaces and they have become better integrated with supply chain and also other applications (Mohamed, 2007). Several of the accounting software packages consist of add-ons which can be utilised for integrating the software with the web / internet or with other software (Caruso, 2007). History, Development and Adaptation of Accounting Software Till the year 1974, accounting was mainly done in the manner similar to the one which was started by the ancient Egyptians around 3000 years ago. However, the growth in trade and expansion of businesses required a system for documentation of the transactions. In the mid-1980s, the PC was launched by IBM and this led to the rapid evolution of the trial balances that were paper based to the spreadsheets on Lotus 123. Even though, the balancing of books was still being done manually, the first accounting packages started to make their appearance. In the late 1980s, TurboCash, an automated system emerged which made the process of consolidating ledgers easier. However, it could not perform many functions and was not web based. The earlier accounting systems that were DOS-based had high stability but were updated very rarely. However, the advent of Microsoft along with its upgrades in a regular manner, constant system adaptations became the norm. A major role was played by technology in ac counting softwares evolution. Firstly, the shift that occurred from DOS to Windows ad from then on it became a significant deal breaker while selecting the accounting package. Accounting technology has evolved in a twofold manner. It includes the Business Intelligence (BI) being built in which indicates a use of technology that is more predictive and intuitive and the cloud computing mobility. The development that has taken place in accounting software over the years has made modern accounting totally different from its roots. Today, there is presence of double-entry bookkeeping, political measures such as the GST, sophisticated investments and joint stock companies which makes it vital for an accountant to have expertise in a large number of areas. Computers have emerged as tools that are not only indispensible but also partners in this. The BI is already entrenched firmly and the software as a service or cloud computing is the next wave. In this phase, the accounting software is not just the replication on the screen of what is written on paper but it is more interconnected, intuitive and mobile (Ryan, 2012). The cloud computing has a huge impact on the bigger audit firms. Cloud helps them in better resource utilisation and every data is accessible on the internet, irrespective of where the company is based. Cloud computing in convenient and it also allows the experts to perform the crucial functions such as security as well as backups in a way that is cost effective (Scott, 2015). Today the accounting packages have evolved into complete tools for business management and the cloud has heralded a new era in accounting packages in the world as well as in Australia. The Market Leaders, Market Size and the Competitive Advantages of the Accounting Softwares in Australia QuickBooks, MYOB, Xero, Reckon and Saasu are the leading accounting software that are available in Australia currently and are widely used by most of the small businesses. They form the major players in cloud accounting market of Australia and are fighting a battle for supremacy. They have simplified the process of keeping accounts and allowed the businesses to make decisions related to cashflow and invoicing through mobile and desktop apps. With Xero and Intuit throwing the industry wide open, incumbents such as MYOB are building their own offerings for maintaining the market share (Heber, 2015). The competitive advantage of Intuit QuickBooks software is due to its economical price and comprehensive features that are provided by it. MYOB is among Australias best accounting softwares which has the aim of functioning as more than an accounting package. In addition to the regular functions of accounting, it gains its competitive advantage from being structured in a way that helps the business owners to increase their profitability and making better quality of decisions by having a real time view of the financial operations related to the business. It is more than just being a store register. The MYOB Kounta interface helps on integrating the complete business operations with the transactions at the point of sale. It can work both online as well as online. It is ATO compliant which helps the businesses to stay updated with the compliance obligations and option of working online with the personnel of bookkeeping. The MYOB software can also be extended easily and built with add-on solutions that are available with the wide range of tools of the firm (Advisory HQ, 2016). It has approved a program of $40 million for developing cloud technology (Heber, 2015). Xero is also very popular and has real time data monitoring capabilities (Advisory HQ, 2016). The advanced reconciliation process of Xero helps in the importing and categorisation of bank transactions. It invested $250 million for building up of its cloud platform right from the start (Heber, 2015). The revenue that MYOB secures is more per unit in comparison to Xero but the churn rate is also higher. While MYOB is Australias provider of accounting software, Xero is the largest company of cloud accounting. The number of cloud subscribers of MYOB in Australia and New Zealand are 116,000 whereas Xero has 320,000 subscribers. The net customer additions of Xero in the recent years has been twice that of the cloud subscriber growth of MYOB which shows that it is ahead in the race for the market share throughout the cloud offering. A important part of cloud space is the reduction in customer churn as users possess a higher lifetime value in comparison to the desktop market. The annual churn rate of MYOB is approximately 17% throughout its customer base of cloud whereas for Xero it is nearly11-13% for Australia and New Zealand. As the three companies fight for the title of leadership, they will be focusing on reducing the churn rates and improving customer acquisition as well as retent ion rates (Heber, 2015). Figure 1 LTV Calculation for MYOB and Xero (Heber, 2015) Figure 2 MYOB Vs. Xero : Net Cloud Additions (Heber, 2015) Current Gaps and Challenges Encountered by Users and Customers of Accounting Packages / Software in Australia The computerisation of accounts has increased the number of people who are a part of managing the accounts. They include the owner, the IT consultants, the accountant and some employees. The purpose built softwares are updated only on the owners request. Costs are high initially and benefits like high functionality and affordability are accompanied with dependency, uncertainties, risks and potential complexities (Feiler, 2000). System integration is another challenge that they face. Continuous technological changes and software updates that are associated with it add to the issues. The owners are required to adopt IT and also keep pace with the IT industry changes that are fast paced. For businesses with poor resources, this is a big ask (Bland, 2007). The lack of IT competency of the managers and poor understanding related to computer along with expertise in internal computer that is lacking is another challenge. Additionally, the managers may also lack the skills of computing and good knowledge of accounting (Sleeter, 2005). Support of top management and the leadership and management of skills of the project manager are necessary but in small businesses this may be lacking as the top management as well as the project manager may be the same(Nah Delgado, 2006). Work pressure may prove to be an additional challenge in such cases (Lee Runge, 2001). Recommendations Low cost software that is user friendly and provides input efficiencies like auto-fill will be useful for overcoming such challenges. The users can also take the help of external consultants for overcoming the challenges related to IT and accounting knowledge. Conclusion The high competition among the enterprises has led to a demand for information that is more updated for allowing management to adapt rapidly to the opportunities and responding to the problems. Realtime reporting helps in understanding the corporate performance in a better way and also provides more confidence in case of corporate governance (Trigo et al., 2014). In Australia, this demand is being catered to by the leading players like QuickBooks, MYOB and Xero who are fighting for market supremacy. Bibliography Advisory HQ, 2016. Overview: Best Small Business Accounting Software Australia. [Online] Available at: https://www.advisoryhq.com/articles/5-best-small-business-accounting-software-in-australia/ [Accessed 25 August 2016]. Bland, V., 2007. Beyond the Basics. NZ Business, 21(10), pp.48-54. Business-Software.com, 2009. Top 10 Accounting/Financial Management Software for Mid-sized Businesses 2009. [Online] Available at: https://www.otaccounting.com/top_10_accounting.pdf [Accessed 25 August 2016]. Caruso, D., 2007. Six Ways to Ensure An ERP Implementation Delivers Value. Manufacturing Business Technology, 25(8). Collins, J.C., 2006. Small Business Software Grows Up. Journal of Accountancy, 201(3), pp.50-56. Feiler, E., 2000. Evaluating Accounting Software Consultants. CPA Journal, 70(6), pp.46-51. Heber, A., 2015. The cloud accounting supremacy war in Australia. Business Insider: Australia, 10 April. Lee, J. Runge, J., 2001. Adoption of Information Technology in Small Business:Testing Drivers of Adoption for Entrepreneurs. Journal of Computer Information Systems, 42(1), pp.44-57. Mohamed, A., 2007. Accounting for The Needs of SMEs. Computer Weekly, 4 September. pp.34-35. Nah, F.F. Delgado, S., 2006. Critical Success Factors for Enterprise Resource Planning Implementation and Upgrade. Journal Of Computer Information Systems, 46(5), pp.99-113. Pulakanam, V. Suraweera, T., 2010. Implementing Accounting Software In Small Businesses In New Zealand: An Exploratory Investigation. Accountancy Business and the Public Interest, 9, pp.98-124. Ryan, E., 2012. The Evolution Of Accounting Software: Past, Present And Future. The Journal of Global Accounting Alliance. Scott, B., 2015. The Accounting Journal: Today the Cloud, Tomorrow the Skys the Limit! MYOB: The Pulse, 31 August. Sleeter, D., 2005. Dealing With QuickBooks Client Data: Analyze the Data File. CPA Technology Advisor, 15(2), p.36. Trigo, A., Belfo, F. Estebanez, R.P., 2014. Accounting Information Systems: The Challenge of the Real-Time Reporting. Procedia Technology 16 ( 2014 ) 118 127 , pp.118-27.