Thought Piece Essay Example | Topics and Well Written Essays - 500 words

Thought Piece - Essay Example Because of the staggering endeavor by people to be at standard with the advancements that occur as innovation advances quick, people may create future stun. Toffler thinks about that the future stun is an unavoidable, inescapable outcome of antiquated powers. In any case, he guarantees that we can shield ourselves from its most loathsome impacts with an amalgamation of mechanical control, instruction deconstruction, and mental designing. As indicated by Toffler, (4), the answer for future stun isn't non-change, however an assorted kind of adjustment. The principal suggestion for adapting to these modifications is to concede that various individuals will manage the progressions in different manners and at changed rates and have the general population convey conflicting degrees of open administrations set to singular necessities. People who may modify, yet expect help to do as such, may be occupied with midway educational programs where the level of progress is carefully estimated or less immensely, be a piece of situational arrangement bunches whereupon they can impart their concerns to others experiencing comparable adjustment related pressure. In increasingly basic cases, Toffler recommends that emergency treatment experts and projects m ay be required to deal with life changes and occasions. All things considered, for people unequipped for adjusting to innovative and social change, he recommends the arrangement of the regions of the past which are no-change, sans future, typified zones sponsored by general society on the loose. Furthermore, Toffler clarifies how instruction can help to manage the issue. He says that the instruction framework ought to be developed to concentrate for the most part on planning understudies on the best way to adapt to the fast changes happening everywhere throughout the globe. He advocates the substitution of antiquated schools which are obsolete with a blend of future-orientated, autonomous investigation and PC based guidance apprenticeship

How Mercantilism Helped to Shape the American Nation :: American America History

How Mercantilism Helped to Shape the American Nation In the Middle Ages, the meaning of riches depended on the measure of beneficial land. As indicated by this definition, France was the wealthiest and accordingly the most remarkable of the European countries. During the sixteenth century the meaning of riches started to change. As the capacity to direct beneficial remote exchange expanded, so did the measure of money. Hence, the new meaning of riches came to mean the increase of money or specie. Specie included gold, silver, or bullion. The wealthiest country turned into the one with the most money, and along these lines, the most remarkable country. As the reclassifying of riches grabbed hold, there was an expanded want and capacity to lead remote exchange for a bigger scope as money turned into the new mechanism of trade as opposed to bargaining. Mercantilism started to grab hold of the nations of Europe. Mercantilism was described by the legislative guideline of ventures, exchange, and business. This was particularly obvious with r emote exchange, and was resolved more by national points instead of individual or nearby interests. This new mission for exchange started the Age of Expansion in the mid fourteen hundreds. This time introduced a quest for new wellsprings of incomes, and center moved in the direction of the colonization of the New World. The Portuguese, Spanish, and English coordinated numerous endeavors of colonization and improvement toward this new land trying to build up themselves as the financial pioneers of the world. As mercantilism changed, so did the force transition of the European nations. In this way started the forming of North America as we probably am aware it. The Age of Expansion carried numerous progressions to medieval Europe. During this period, the nations of Europe started to look past their fringes. In Europe, there was no place to develop. This being the situation, the main spot to turn was west. Portugal appeared in the mid 1400's. It is a little nation verged on one side by the ocean, and by Spain on the other. Due to legitimate need the Portuguese turned into the bosses of the ocean. They started to obtain an extraordinary information on the ocean and progressed in route, cruising, and map-production. They likewise established an institute of route in Lisbon. In the mid 1400's, the Portuguese started exploratory journeys. The Portuguese needed to set up themselves in enormous scope worldwide exchange. The four things generally wanted by the individuals of Europe were flavors, sugar, valuable metals, and silk.

 Business Law Case

Earthy colored is a rancher who, among different exercises, has been in the matter of raising chickens for huge scope. The child chicks require a constant gracefully of an oxygen to endure and the fundamental gear for that object is associated with the electric force supplies to the ranch. In thee past earthy colored had endured a minor loss of chickens from a break in this electric help and had, accordingly, introduced a helper battery worked power generator in the horse shelter to be accessible as a crisis back-up. He had played it safe of having a battery-worked influence disappointment identifier in his room so that if the electrical influence in the farmhouse fizzled, an admonition sign would make him aware of the potential threat of loss of power to his operation.ElectriChauncey is a driver for Gardiner transport ltd. While driving the company’s truck on a night run, Chauncey permitted the vehicle to meander onto the shoulder of the street where the upper part struck ove rhead wires. Therefore, electric force administration in the territories was hindered for a times of five hours. The interference doused the flexibly of oxygen to browns’ stable and somewhere in the range of 30,000 chickens kicked the bucket. Tragically, earthy colored had briefly detached the caution finder in his room, etc the one event when he required it, it was not in activity. Earthy colored purchased an activity for harms against both Chauncey and Gardiner transport ltd, to repay him fir the loss of his chickens.Discuss the benefits of the plaintiff’s (offended party) case? What will be the de wall?

Poets Quants Releases 2018 MBA Rankings

Poets Quants has released their 9th annual MBA ranking. PQ integrates the five most recent rankings from the top publications in the world: U.S. News World Report, Forbes, Bloomberg Businessweek, The Financial Times, and The Economist to come up with their rankings. Each source is ranked based on PQ’s determination of their credibility. U.S. News has a weight of 35%, Forbes 25%, The Financial Times 15%, Businessweek 15%, and The Economist 10%. Some of the findings in this year’s rankings are: UPenn Wharton and Harvard Business School are tied for first place. This is Wharton’s second year in a row in the top spot. Michigan Ross joined the Top 10, pushing Yale School of Management into 11th place. The biggest gain was seen by the USC Marshall which was ranked 26th two years ago. This year Marshall rose 6 places to hold the #20 spot. Notre Dame Mendoza slid 5 places from 24 to 29, and is the only one of last year’s Top 25 that failed to stay in the Top 25. Here are Poets Quants Top 25 MBA Programs for 2018 (numbers in parenthesis are for the 2017 rankings): 2018 RankSchool Name2017 RankIndexU.S. NewsForbesBusiness weekFinancial Times*The Economist* 1Harvard Business School2100.01 (1)3 (3)3 (1)3 (3)3 (3) 2UPenn Wharton1100.03 (1)1 (1)2 (2)2 (2)4 (4) 3Stanford GSB399.64 (4)2 (2)1 (5)1 (1)5 (5) 4Chicago Booth498.71 (3)7 (7)5 (4)4 (5)1 (2) 5Northwestern Kellogg596.66 (4)4 (4)8 (8)8 (6)2 (1) 6MIT Sloan695.65 (4)8 (8)4 (3)6 (7)14 (15) 7Columbia Business School894.99 (9)6 (6)7 (9)5 (4)9 (9) 8UC Berkeley Haas994.67 (7)9 (9)6 (11)7 (7)10 (7) 9Dartmouth Tuck792.010 (8)5 (5)10 (7)10 (10)11 (8) 10Michigan Ross1191.27 (11)12 (12)18 (12)15 (12)6 (12) 11Yale SOM1090.911 (9)13 (13)11 (16)9 (9)12 (11) 12Virginia Darden1390.213 (14)11 (11)9 (17)17 (16)8 (10) 13Cornell Johnson1489.715 (16)10 (10)10 (13)11 (14)16 (20) 14Duke (Fuqua)1289.511 (12)14 (14)15 (6)12 (13)13 (13) 15UCLA Anderson1587.416 (1515 (15)17 (19)14 (15)7 (6) 16NYU Sloan1686.913 (12)21 (21)13 (18)13 (11)15 (14) 17Carnegie Mellon Tepper1784.417 (19)18 (18)12 (14)19 (17)26 (21) 18UT McCombs1883.817 (17)17 (17)22 (20)20 (21)19 (24) 19UNC Kenan-Flagler1883.019 (18)16 (16)23 (24)18 (20)23 (19) 20USC Marshall2681.920 (24)33 (33)13 (30)31 (23)21 (28) 21Emory Goizueta2080.220 (20)23 (23)24 (21)22 (24)22 (23) 22Washington Foster2279.222 (27)30 (30)16 (15)23 (29)18 (25) 23Georgetown McDonough2377.025 (21)35 (35)20 (35)16 (18)32 (27) 24Rice Jones2575.923 (29)32 (32)26 (10)21 (32)30 (29) 25Indiana Kelley2175.527 (21)25 (25)28 (27)29 (22)27 (17) *Ranks for The Financial Times and  The Economist surveys are for US schools only. Do you need help choosing the best b-school for you, and then applying successfully so you get accepted? Our expert admissions advisors can guide you through every step of the MBA application process.  Contact us and we’ll match you with your personal consultant today!  Ã‚   For 25 years, Accepted has helped business school applicants gain acceptance to top programs. Our outstanding team of MBA admissions consultants features former business school admissions directors and professional writers who have guided our clients to admission at top MBA, EMBA, and other graduate business programs worldwide including Harvard, Stanford, Wharton, Booth, INSEAD, London Business School, and many more.  Want an MBA admissions expert  to help you get Accepted? Click here to get in touch! Related Resources: †¢Ã‚  Navigate the MBA Application Maze: 9 Tips to Acceptance, a free guide †¢ Are You a Good Fit for Your Target MBA Programs? †¢Ã‚  B-School Selectivity Index: Discover the Schools Where You are a Competitive Applicant Poets Quants Releases 2018 MBA Rankings Poets Quants has released their 9th annual MBA ranking. PQ integrates the five most recent rankings from the top publications in the world: U.S. News World Report, Forbes, Bloomberg Businessweek, The Financial Times, and The Economist to come up with their rankings. Each source is ranked based on PQ’s determination of their credibility. U.S. News has a weight of 35%, Forbes 25%, The Financial Times 15%, Businessweek 15%, and The Economist 10%. Some of the findings in this year’s rankings are: UPenn Wharton and Harvard Business School are tied for first place. This is Wharton’s second year in a row in the top spot. Michigan Ross joined the Top 10, pushing Yale School of Management into 11th place. The biggest gain was seen by the USC Marshall which was ranked 26th two years ago. This year Marshall rose 6 places to hold the #20 spot. Notre Dame Mendoza slid 5 places from 24 to 29, and is the only one of last year’s Top 25 that failed to stay in the Top 25. Here are Poets Quants Top 25 MBA Programs for 2018 (numbers in parenthesis are for the 2017 rankings): 2018 RankSchool Name2017 RankIndexU.S. NewsForbesBusiness weekFinancial Times*The Economist* 1Harvard Business School2100.01 (1)3 (3)3 (1)3 (3)3 (3) 2UPenn Wharton1100.03 (1)1 (1)2 (2)2 (2)4 (4) 3Stanford GSB399.64 (4)2 (2)1 (5)1 (1)5 (5) 4Chicago Booth498.71 (3)7 (7)5 (4)4 (5)1 (2) 5Northwestern Kellogg596.66 (4)4 (4)8 (8)8 (6)2 (1) 6MIT Sloan695.65 (4)8 (8)4 (3)6 (7)14 (15) 7Columbia Business School894.99 (9)6 (6)7 (9)5 (4)9 (9) 8UC Berkeley Haas994.67 (7)9 (9)6 (11)7 (7)10 (7) 9Dartmouth Tuck792.010 (8)5 (5)10 (7)10 (10)11 (8) 10Michigan Ross1191.27 (11)12 (12)18 (12)15 (12)6 (12) 11Yale SOM1090.911 (9)13 (13)11 (16)9 (9)12 (11) 12Virginia Darden1390.213 (14)11 (11)9 (17)17 (16)8 (10) 13Cornell Johnson1489.715 (16)10 (10)10 (13)11 (14)16 (20) 14Duke (Fuqua)1289.511 (12)14 (14)15 (6)12 (13)13 (13) 15UCLA Anderson1587.416 (1515 (15)17 (19)14 (15)7 (6) 16NYU Sloan1686.913 (12)21 (21)13 (18)13 (11)15 (14) 17Carnegie Mellon Tepper1784.417 (19)18 (18)12 (14)19 (17)26 (21) 18UT McCombs1883.817 (17)17 (17)22 (20)20 (21)19 (24) 19UNC Kenan-Flagler1883.019 (18)16 (16)23 (24)18 (20)23 (19) 20USC Marshall2681.920 (24)33 (33)13 (30)31 (23)21 (28) 21Emory Goizueta2080.220 (20)23 (23)24 (21)22 (24)22 (23) 22Washington Foster2279.222 (27)30 (30)16 (15)23 (29)18 (25) 23Georgetown McDonough2377.025 (21)35 (35)20 (35)16 (18)32 (27) 24Rice Jones2575.923 (29)32 (32)26 (10)21 (32)30 (29) 25Indiana Kelley2175.527 (21)25 (25)28 (27)29 (22)27 (17) *Ranks for The Financial Times and  The Economist surveys are for US schools only. Do you need help choosing the best b-school for you, and then applying successfully so you get accepted? Our expert admissions advisors can guide you through every step of the MBA application process.  Contact us and we’ll match you with your personal consultant today!  Ã‚   For 25 years, Accepted has helped business school applicants gain acceptance to top programs. Our outstanding team of MBA admissions consultants features former business school admissions directors and professional writers who have guided our clients to admission at top MBA, EMBA, and other graduate business programs worldwide including Harvard, Stanford, Wharton, Booth, INSEAD, London Business School, and many more.  Want an MBA admissions expert  to help you get Accepted? Click here to get in touch! Related Resources: †¢Ã‚  Navigate the MBA Application Maze: 9 Tips to Acceptance, a free guide †¢ Are You a Good Fit for Your Target MBA Programs? †¢Ã‚  B-School Selectivity Index: Discover the Schools Where You are a Competitive Applicant

Arson Crime Against Property Crimes - 1166 Words

Abstract Arson was a crime at common law that prohibited the burning of someone else dwelling home and property that was nearby. The main purpose was to make sure homes would not get burned while occupied with people. In today’s society arson laws have extended and cover burning any type of property. CRIME AGAINST PROPERTY 2 Arson-Crime against Property Crimes against property include many shared crimes that consist of theft or destroying of another person’s property. These offenses can range from different rims that include shoplifting, vandalism, arson, and armed robbery. These offenses range from petty offenses to felony offenses. â€Å"Property crimes are high-volume crimes, with cash, electronics (e.g.†¦show more content†¦Ã¢â‚¬Å"Arson has grown for beyond its origins in burning houses to include burning almost any kind of building, vessel, or vehicle† (Samaha, 2017). Common law looked at arson like other crimes like burglary and crimes against the residence rather than a criminal act against property. At common law arson was recognized as the malice burning of another person’s residence. Common law arson can be categorized into four elements. Just starting a fire wasn’t enough to be considered arson. The fire had to come in contact with the structure. The defen dant was required to put into action (Actus Reus) to start the fire willfully and with the wrongful intent. When the building was on fire the arson was finished. Another element was the mens rea, where the defendant was required to produce a burning to a building. With the maliciously intent the burning could produce small damage. At common law the property that is being burned has to be owned or occupied by another person. If an individual set fire to their own home was not punished as the crime arson, but could be reduced to other serious offenses. The final element is at common law the burned property had to be a dwelling place. The dwelling structure is a place where people live and arson, the time of the fire can take place with it being occupied or not occupied. Arson was considered a hateful andShow MoreRelatedNotes On Crimes Against Property1054 Words   |  5 Pages Crimes against Property In previous English law the only crime against someone’s property that had been defined was robbery. Robbery seemed to be the most popular form of taking another man’s goods in the time frame but people adapted. People rarely would take goods by force now; they decided that it was easier to take property under the cover of darkness. Employees quickly learned that they could steal money from their employers or commercial shippers without leaving a trace. From that stemmedRead MoreThe Scope and Severity of Arson for Profit Essay1640 Words   |  7 PagesArson for profit is a form of insurance fraud that involves deliberately and intentionally setting fires for monetary gain (U.S. Fire Administration, 2009). Also called economic arson, arson for profit occurs when businesses or individuals deliberately set fires in order to dispose of insured property, including buildings, automobiles, boats, and land, and reap financial benefits by filing insurance claims against the pr operty (U.S. Fire Administration, 2009). Arson for profit is a serious crimeRead MoreViolent Crimes Of South Carolina And Richland County905 Words   |  4 PagesIn the City of Columbia, South Carolina and Richland County there are a number of violent crimes that happens in both of them. Furthermore, in order to consider a crime a violent crime it must fall under the category of murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault according to the Federal Bureau of Investigation (FBI) (ucr.fbi.gov. n.d.). They also defined in the UCR Program as those offenses which involve force or threat of force (ucr.fbi.gov. n.d.). NowRead MoreArson Is a Seirous Problem in the United States1510 Words   |  7 PagesArson is a serious problem in the United States, being the number one cause of all fires, the number two cause of fire death and the cause of over one billion dollars of damage every year. Webster defines arson as â€Å" The crime of maliciously bu rning somebody else’s building or property or of burning one’s own to get insurance money.† Arson is thought of as an insurance concern, an invisible â€Å"paper lose† by the general populace, but for the firefighters who have been injured or killed responding toRead MoreEssay about Arguement definition774 Words   |  4 PagesMohammed commit a crime or not. Okay let me explain. The house was as abandoned building in his neighborhood and its use as a drug house was well known to the police and community. After making sure that, there was no one in the house, Mr. Mohammed torched it one night, stood about to watch the progress of the fire, and called the police and the fire department, which he admit to the police that he did in fact sets the house on fire. Mr. Mohammed was arrested on charges of arson. However, Mr. Mohammed’sRead MoreEssay about Crime876 Words   |  4 Pages Crime nbsp;nbsp;nbsp;nbsp;nbsp;In general the definition of a crime is an act punishable by law, usually considered an evil act. Crime refers to many types of misconduct forbidden by law. Crimes include such things as murder, stealing a car, resisting arrest, possession or dealing of illegal drugs, being nude in public , drunk driving, and bank robbery. Crime is an act that has been timeless and has been committed practically since the start of time. For example, ever since Cain killed hisRead MoreCrimes That Relate to Chemical Addiction.1237 Words   |  5 PagesI have been asked to explain the different types of crimes that relate to chemical addiction. When talking about crime, we must have an understanding what the word crime actually means. Crime is a harmful act that is committed to one or more individuals. To be classified as a crime, the act of doing something bad (actus reus) must be usually accompanied by the intention to do something bad (mens read), with certain exceptions (st rict liability). For example, if you go to someone and beat him or herRead MoreMotivated Arson Incidents Essay1118 Words   |  5 Pagesconclude if the incident was indeed an accident or intentional, thus making it an act of arson. According to the U.S. Fire Administration Topical Fire Research Series, â€Å"Arson is the leading cause of fires (267,000 annually) in the United States† (usfa.fema.gov). Arson cases are very complex due to the fact that it can be committed virtually anywhere and by anyone, including fire responders as well. The motives behind arson incidents can also be a very complex issue because it may have been used as a cryRead MoreArson Is The Criminal Act Of Intentionally Setting A Fire1369 Words   |  6 PagesThe definition of arson is the criminal act of purposely setting a fire to property. To a crime scene investigator arson is one of the most difficult things to investigate for many different reasons. For starters a fire can take a long time to bur n and before any sort of investigation can be done the fire as to be well and truly out without any chance of it starting back up again. Usually when someone commits the crime of arson the suspect has planned ahead and is gone before the fire is done burningRead MoreA Brief Note On Violent Crime, Taught By Professor Thad Clancy3087 Words   |  13 Pagesfor CR4820 – Violent Crime, taught by Professor Thad Clancy. Abstract In this paper we will discuss the profile of an arsonist. Discussed will be the various reasons as to why an arson is committed. The various demographics of the individuals that choose to commit arson are explored. The motivation for the arson plays a big role in when, where, and why an arson is committed by an individual. By looking at all of the concepts that are associated with the arsonist and arson, the reader will have

Change and Continuity in the Mediterranean Region Essay

The Mediterranean region encompasses the Mediterranean Ocean and the surrounding land outside of it. Medieval Europe is a time period, sometimes referred to as the ‘dark ages’, where because of various reasons, many cultural changes occurred. From the decline of the West Roman Empire and its empirical structures (circa 647 C.E.) and the creation of the political system, feudalism, new societies emerged with new cultural elements such as an almost complete loss of education and literacy, while other cultural aspects remained such as the social status of women and the importance of religion, mainly Christianity. Many of the differences that occurred over time in this region were caused by the decline of the West Roman Empire. When this†¦show more content†¦While this was all going, vikings were raiding from the North. Their homeland in Scandinavia was cold and barren and they needed to supplement their food storage, so they would travel South along the maze of rivers and invade villages in Medieval Europe, adding to the poverty of the area. Art, much like education, also became an item that only religious institutions possessed. Art was deemed nonessential by most people in the area and was not made by most people. After a period of inorder, a new civilization emerged for a short period of time, the Carolingian Empire. Charlemagne, the second ruler of the empire, was the most ambitious ruler and the most well-known. His political changes that he made caused many cultural changes to be made. Charlemagne established control over what modern day France, Italy, and Germany would be today. He was a genius military leader and conquered a lot of land. However, at the end of his reign, the Treaty of Verdun was made, splitting the empire into three sections: a Western region, a ‘middle’ region, and the Eastern region thus dividing their cultures further. This would later have a more profound difference on their cultures as t hey develop separately from each other. While many changes occurred during this time period, many things remained constant in the culture of these people.Show MoreRelatedIslam and Continuities1628 Words   |  7 PagesChange Over Time Essay Prompts    8000 BCE to 600 CE †¢Ã‚  Ã‚  Ã‚   Analyze the changes and continuities in major trading patterns within and among Classical civilizations; include their contacts, including religious, with adjacent regions. †¢Ã‚  Ã‚  Ã‚   Discuss the changes and continuities in the Silk Road trading network from 600 BCE – 1450 †¢Ã‚  Ã‚  Ã‚   Discuss the changes and continuities that occurred in the roles and functions of cities in major societies from the Neolithic Revolution to 1450. †¢Ã‚  Ã‚  Ã‚   Trace andRead MoreTrade Between Africa and Eurasia Changed During the Era of 300-1450769 Words   |  4 Pagesthe northern coast of Africa was always involved in the trade between Africa and the rest of Eurasia. At the start of this period in 300 C.E, Afro-Eurasian trade was not very sophisticated. There was some collaboration with cultures in the Mediterranean. European goods were brought to Africa and traded for African produces, some of which include spices. The partial interaction from Europe to Africa was a result of the waning of the Roman Empire. The southern part of Europe was facing complicationsRead MoreNoble Energy964 Words   |  4 PagesApril 29, 2013 Noble Energy Announces Organizational And Executive Leadership Changes In Support Of Multi-Year Growth Agenda HOUSTON, April 29, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that it has enhanced its organizational structure to support the material growth it is anticipating over the next several years, as well as to continue the development of its senior leadership team. The new organizational structure has been designed to better align business units withRead MoreTrade Networks Change Over Time Essay928 Words   |  4 Pagesbecame major arteries for the exchange of goods and ideas over long distances. The trade networks of these regions consistently enabled the spread of religious ideas far beyond their original homelands. Networks like the Trans-Saharan, Indian Ocean, and Silk Road systems always brought wealth to foreign products that enabled local producers to specialize in items best suited to their regions. Yet, the risk of long distance trade decreased over this period as societies expanded and technology increasedRead MoreThe Change to Trade Routes Over Time926 Words   |  4 PagesChristianity, Buddhism and an upstart known as Islam. Although Christianity and Buddhism were well established by this time, the growth of Islam was a catalyst to many of the changes about to occur, such as new trade partners. Christianity and Buddhism were continuities, whereas a new religion called Islam was an example of change. In 622 C.E., Islam was founded which helped flourish trade. The founding of Islam amplified trade because Islam linked Swahili city-states to the larger Indian Ocean whichRead MoreCcot Europe 600-1750 Essay1003 Words   |  5 PagesContinuity Change Over Time (CCOT) Essay Europe 600-1750 Taylor Question: analyze the social and economic continuities and changes that occurred in Europe between 600 and 1750. During the time period between 600 and 1750, economic and social continuities and changes impacted Western Europe immensely. One particular economic alteration was the decline of feudal manoralism, prevalent in the early medieval era, as a result of the restoration of commerce following the Crusades. AnotherRead MoreGeostatistical Interpolation For Spatial Data1490 Words   |  6 Pagesuses variogram to express trends suggested in the data [4]. Materials: Iraq lies within the moderate northern region, system similar to that of Mediterranean where rainfall occurs almost in winter, autumn, spring and disappears in summer. The region is often divided into three rainfall zones according to the annual rainfall factor; Northern region, Middle region and Southern region [5]. Rainfall in Iraq varies from 50 mm per year in the SW to 1200 mm per year in the NE. The western desert ofRead MoreHow Did The Invention Of Agriculture Allowed Stable Subsistence Of The Human Population?1939 Words   |  8 PagesTigris and Euphrates valley by Sumerians. It was based on pictograms and quickly developed to represent more abstract concepts. 2800 BCE: Babylonian Empire Empire in lower Mesopotamia, in the lower Euphrates valley. It became a major influence on the region because of its resistance to the Persian Empire. This empire is remembered by the creation of the first written code of laws, Hammurabi’s Code (1790 BC), and the Hanging Gardens of Babylon. 1600 BCE: Shang Dynasty The Shang Dynasty is consideredRead MoreEnvironmental Hydrodynamics Mitigation Of Burullus Lake2057 Words   |  9 Pagesbenefits. More than 70 major wetlands of relevance for the Nile system have been identified by the riparian countries, with concentrations in two areas: The Equatorial Lakes region and the area in South Sudan (1). 1. STUDY AREA Burullus Lake was considered the second largest of the Egyptian northern lakes along the Mediterranean coast as shown in Figure 1. It is located in the central part of the northern shoreline of the Nile Delta between longitudes 30030 –31010 E and latitudes 31035 –31021 Read MoreThe Postclassical Period2238 Words   |  9 Pagesï » ¿ CCOT 2012 Changes and continuities from the classical to the post-classical cover a wide range of political, cultural, religious and economic shifts as populations grew and societies became more complex. The classical empires of Rome, Han China, Gupta India and Archaemenid Persia fell due to external and internal forces and were replaced by the larger empires of the post classical Byzantine; Tsui, Tang and Song in China and the Caliphates in Persia. Only India

Analysis of Impulse Pty Ltd

Questions: Impulse Pty Ltd (Impulse) is an entertainment system manufacturer that was established in 2005. Your audit firm King Queen have been the auditor of Impulse since its formation. The audit report for the year ended 30 June 2012 was unqualified. Although Impulse had been suffering liquidity problems with a drop in both debtors turnover and inventory turnover, King Queen did not consider that any additional audit work was necessary in regard to the valuation of these assets. In August 2012, Impulse obtained a large loan from a finance company, Easy Finance Limited (EFL), to provide additional working capital. However, Impulse continued to experience severe trading problems and was placed in liquidation in December 2012. King Queen has been notified by EFLs solicitors that they are taking action against your firm based on the audit of the 30 June 2012 financial report. EFL claim that the cause of Impulses failure related to the inadequate provision for doubtful debts and a fall in the value of inventories on hand, and that these problems were evident at 30 June 2012, but had not been adequately dealt with in the financial report due to your negligence. They also claim that they would not have given the loan to Impulse if the 2012 financial report had been qualified. Required a) Would King Queen be liable to EFL? Provide specific case references to support your answer. b) Would your answer change if EFL had written to King Queen advising you that they intended to make a loan to Impulse and were relying on the 2012 audited financial report to assist them in making their decision? Answers: a). In the given case, Impulse Limited was issuing liquidity problems all round. They suffered a drop in the debtors turnover and inventory turnover. The company was facing issues in sustaining in the market as well. In this case, the auditors of the company in spite of knowing these facts didnt prefer highlighting the issue to the users and gave an unqualified report to the users of the company. The audit form in this case didnt prefer carrying out any additional audit work in this regard and thus considered the same as not material from the perspective of the users. The company later on went to Easy finance company and acquired additional loan to meet out the working capital requirement of the company. However, the company continues facing the trading problems and later on went into liquidation. In this case, the auditors possess information about the loopholes in the company but didnt prefer making any additional substantive procedures in this regard. Thus, the loopholes in the company i.e. the drop in the debtors turnover and inventory turnover and the liquidity problems didnt get reflected to the users of the financials in the report. The auditors in this case are expected to carry out necessary substantive audit procedure and bring this issue within the notice of the users. The auditors are under the professional liability to perform utmost care in performing their duties and are likely to bring any unusual items which may not be in the interest of the users should be brought into their notice. Thus in this case, being the auditors hasnt performed their duties, they would be held liable for Easy finance company for the losses they would have borne for the liquidation. In cases Hedley Byrne and Co Ltd v Heller and Partners (1964) AC 465 and Smith v Eric S Bush (1990) 1 AC 831; it was concluded by the Honable Justice, that Auditors are knowledgeable and skilled persons and are responsible for their carelessness due to which the third parties suffered. The auditor will continue to be held liable for the losses borne by EFL Limited irrespective to the fact that EFL would have written to the King and Queen firm asking them to place reliance on the companys audit report. b). In case of Actual independence the auditor are free from any kind of intervention from the management. The auditor in this case is not affected by the thought process of the management. The same is important as this will ensure fairness and truthfulness within the audit profession. On the other hand, under perceived independence, the society has some inbuilt perception about the auditor that their opinion is based on requirements of the Companys management. Perceived independence shows the long term relation between the auditor and his client. Sometimes due to the independence in appearance it can help the management to avoid the difficulties. Audit can be performed easily. References: Tomasic R, Auditors and reporting of illegality and financially fraud, viewed on April 23, ACCA, Professional liability of accountants and auditors, viewed on April 23, 2016. Financial Times, Definition of Auditors independence, viewed on April 23, 2016.