The Interaction Between an Individual and Society Research Paper

The Interaction Between an Individual and Society - Research Paper Example Human rationality implies, for enlightened thinkers, an attempt to know and understand the natural world, and the use of rational principles to solve social interaction problems. These attempts should culminate in the realization of enlightened faith and idealism in a utopian society. Nietzsche opposed this progress as being naà ¯ve but was unable to elude it. A second theme is those involving contradictions existing between commonality and individuality. Human consciousness was passive while accepting ideology, doctrine, orthodoxy and mass thinking, and it saw reality in the liturgy of vested interests. Ideology arises when a group advances certain socially constructed realities which serve their interests, but which are projected as being in everyone else’s best interests, even though others disagree or don’t understand it. Critical theory views rationality in terms of theoretical consistency and in the standards of pragmatic social reality. Rational planning for rea listic action involves regulative ideals, which have been formulated as enlightened possibilities for the acquisition of knowledge and proper conduct. Enlightenment’s theoretical reverence for reason proceeded in two opposing wrong directions. One became the instrumental reason for technological rationality and the other culminated in logical positivism which, understood knowledge only in logico-mathematical terms, denying any truth or practical relevance to values (Regelski, 2005). Historically, mobility, economy, technology and infrastructure rapidly transformed the metropolis, in disruptive and sometimes destructive ways.

The advantages of living in the East Bay Essay Example | Topics and Well Written Essays - 750 words

The advantages of living in the East Bay - Essay Example ban areas becomes a great competitor for big city life with its constant noise, high level of pollution and fuss, as it is able to meet numerous demands of men seeking calm life free from numerous threats for physical and mental health. In this respect, the East Bay of the San Francisco Bay Area represents a vivid example of suburbs’ popularity among Americans due to the numerous advantages of living in its territory. For the beginning it must be mentioned that the East Bay is distinguished by its coastal living with every possible benefits of such an area. One way or another, the impact of a close proximity of the Pacific Ocean can be felt in all its contrasts being non-covered by muggy air of San Francisco. So, the residents of the bay area have a great opportunity to enjoy Mediterranean climate. Unpolluted air being mixed with favorable effect of the climate on humans’ health attribute to the general attractiveness of the region for families with children of any age. Adding to more or less safe conditions of county life, the quenching Mediterranean climate with its comfortable air temperature appears to be an extremely helpful for upbringing of healthy kids. Altogether, the East Bay climate alongside with remoteness from city pollutants turns to be a charming factor and one of the main advantages of the place. Comfortable houses of modern building design as well as diversity in their choice from ordinary, almost classical ones to penthouses with totally private area for spending vacations and leisure time in personal huge pools, roof-top patios and other facilities for outdoor activities. Anyway, the East Bay is a much more open space, so the life there is certainly more comfortable for a family and an individual than in urban areas. Furthermore, there are accompanying benefits of living not in a large city, namely: absence of problems with parking, neighbors’ placement at a sufficient distance, an opportunity to enjoy nature and communication with it in

Money Laundering And Its Effect On Indian Economy Finance Essay

Money Laundering And Its Effect On Indian Economy Finance Essay Money laundering is the process by which money earned from illegal activities is converted to legitimate money. Money laundering has been and is taking place all over the world which in turn is affecting the economy of world. In a growing economy like India money laundering is a growing and serious problem but is mainly confined to domestic activities that are far from being only drugs related frauds, corruption and smuggling are obvious additional ones (Lilley, 2003).The governments of various nations have been taking various measures to prevent money laundering, however countries like India which is a developing country, are still suffering with the problem of money laundering as there is a lack of general understanding related to money laundering and how corrupt business and government officials exploit this ignorance for their personal benefit. Even though money laundering has been recognised as a dangerous crime by Indian legislative councils, however the lack of general underst anding and insincerity on the governments part to enforce the laws properly, the crime of money laundering is growing and having disastrous impact on Indian economy. According to estimates put forth by international accounting firms, India is estimated to have a parallel economy of nearly 40 percent of its $600 billion Gross Domestic Product. Thats some serious parallel banking system (Singh, 2009). According to Brave (2006), money laundering is the process of turning black money into white money. In India the problem of money laundering is not just limited to hard core criminals but also other division of the society such as like politicians, bureaucrats, stock brokers etc. The Indian Media both electronic as well as print media regularly report various instances of money laundering scams involving political leaders. One of most some of the prominent politicians of India accused of money laundering are the CMs of UP, Punjab and Kerala and Jharkhand. According to news report published in Indian Express, UP chief minister Ms. Mayawati was accused of laundering money by using novel techniques in order to avoid tax payment legitimately. Huge cash donations were made in her name by people who didnt existed and by fictitious people. When a CBI inquiry was ordered it was found that most of these persons who made the donations dont exist or their financial conditions were such that the y were in no positions to donate such large amount of money to her (Sarin [online] 2004). Ketan Parekh who was a stock-broker is another well known Indian who has faced money laundering charges. He was in the news primarily for his manipulative dealings in the stock of 10 companies, which included Digital, Global Tele, Himachal Futuristic, Infosys, Wipro and Zee Tele, better known as the K-10 scripts. Following a CBI enquiry in December 2002, Ketan was arrested. He was accused of transferring the money received from the BoI pay order scam to various tax heavens around the world and finally to accounts in the Swiss Banks (Barve [online] 2006). According to Jayaseelapandian (2000) if money laundering is carried away successfully it lets the criminals to have control over their money and help them cover their sources of income thus making their illegal money rightful. Money laundering plays a primary role in achieving the desires of drug trafficker, terrorist organisations, gangs of organised criminals, inside dealers, the tax evader as well as others who wish to stay away from any kind of interest from the authorities. The primary objective of engaging in this type of activity is to place the proceeds beyond the reach of any asset forfeiture laws. As per Agarwal et al (2004), the estimated value of money laundered globally using the banking route is in excess of US$ 500 billion to one trillion per year. They further state that the global money laundering also exposes a country to attacks from terrorists, which is serious threat to any countrys integrity apart from adversely affecting a countrys economy. Also, of the estimated money laundered every year worldwide using banks, half of this amount is laundered by using US banks. As money launderers are increasingly using the banking channel for laundering process, the banks have a key role to play in restricting the outbreak of money laundering. Money Laundering is not a simple process but a complex procedure involving bankers, lawyers, car dealers, real estate builders, accountants and people, who allow their business to be used by someone to launder the financial gains of a criminal activity. As stated in the above paragraphs, money laundering is a big problem and it doesnt affect just one or two countries but is present at global level specifically in developing countries like India. India where the financial sector has just been liberalized is at greater risk as criminals and people with ulterior intentions can exploit the ever growing financial sector for their corrupt activities. This project aims at bringing general awareness among the people working in financial institution, banking sectors etc about money laundering. This aim can be achieved by studying the money laundering activities taken place in India and different countries and what measures are taken to overcome it. BACKGROUND Uribe (2003) highlights that the word money laundering came into existence in the early 20th Century, but the practice of disguising income earned from unlawful activities can be traced back to the 13th Century B.C at which time the oceans and seas were used as international trade routes. With the changing profile money laundering over the years has become more and more expensive, time-consuming method to carry out and eventually risky. According to Lloyds (1997) the word money laundering originated from one of the most famous mafia Al Capone or Scarface who created a criminal organization in 1920s in the United States as a result of to their activities such as gambling, liquor profits etc. They wanted to conceal their illegal money and to do so they opened legitimate business in another country and mixed their illegal money with the white money. He further states that in 1930s mobster Meyer Lansky gave rise to number of ways to launder money in order to hide the money earned from gambling, sale of illegal alcohol etc. He understood the significance of creating businesses, as fronts for his illegal activities as well as means to launder money. He bought a Swiss bank to transfer the dirty money through different methods such as shell companies, holding companies and offshore bank account. For carrying out illegal activities casinos are one of the most notorious business fronts. In the 1940s Las Vegas was notorious fo r being a tool of money laundering, and was fully exploited particularly by Lansky and Benjamin Bugsy Seigel. It can be said that Lansky was the first to establish modern form of money laundering and tax evasion. Furthermore, Uribe (2003) states that the concept of money laundering is certainly not new. People who undertake criminal activities for financial gain have always strived to keep all attentions away from their illegal activities and profit from their efforts. Day by day the methods of disguising money earned from illegal activity is becoming sophisticated. There are numbers of reasons for this of which some are given below. The globalisation of the financial system: In todays world technological advancements in communications and transportation have allowed the cover up of crime and its proceeds to become a much easier task. In matter of seconds money received from illegal activities can be wire transferred from one financial institution to another; Crime has gone global: It is no longer enough for enforcement authorities to be aware of what is occurring within their own jurisdiction. They must anticipate and cooperate with other authorities and jurisdictions as criminal activities can spread very fast. In addition, criminals no longer have the want to be confined to one country. They have understood that in order to avoid detection by law enforcement and local authorities it is safer for them to shift their property and business between countries. Thus as a result, international criminal organisations shift property from one country to another by taking advantage of the negligent legislation present in some countries that offers safe havens for foreigners looking to hide their money. In simpler terms money laundering can be defined as converting illicit money to legitimate money. This type of money is earned from smuggling, drugs, prostitution, gambling etc. It is the process in which the money earned from criminal activities are transported, transferred, transformed, converted into legal money to hide the actual source of income (Richards, 1999). Money laundering may involve various kinds of financial institution, multiple financial transactions, and the use of intermediaries such as financial advisers, accountants etc from different countries (Schott, 2006). The people in developing countries like India dont know what money laundering is and if they are asked about money laundering they would think it is to do with washing or drying of currency notes. Money laundering was not taken as big crime in the beginning but after the terrorist activities this has been taken as a serious issue and government have started taking action to control it (Barve [online] 2006). According to Jost et al (2002) money laundering in India can be traced way back to 1985 in the Choraria case in which the British courts convicted Choraria for trafficking of controlled drug known as heroin. Choraria was a banker who enabled payment for heroin imported to Britain illegally to be transferred to India. He had opened two legal businesses one was import/export and the other was a remittance business and part of the remittance business was Hawala. He had dealers transferring the funds in Karachi and Mumbai as part of heroin smuggling. Kumar (2003) highlights that India was one of the first countries in the world to introduce anti-money laundering legislation, way back in 1939 which was a wartime measure, in 1973 FERA (Foreign exchange control Act) came into force; more recent laws include the Foreign Exchange Management Act 1999 and the Prevention of Money Laundering Act 2002. But despite these laws in place, it was never forced in earnest. Laws such as FERA and now FEMA are regularly used by politicians to settle political scores against each other. AIM AND OBJECTIVES The aim of this project is to bring general awareness among the people working in financial institution in India regarding money laundering and how it is perpetuated and to fill the vacuum created by lack of training and research material related to the topic. Hence creating an environment where exploiting in the situation by corrupt officials and powerful people becomes more difficult and the potential damage to the economy can be minimized. Thus the following objectives would be studied to achieve the aim . Identify and analyze the process of money laundering and also research over the origin, core concepts and the evolution of money laundering with emphasis on Hawala or Hundi. Identify the factors which are providing impetus to the crime of money laundering. Why Anti Money Laundering laws are needed. Identify and research the current AML (in brief) in place around the world. Identify and discuss regulation of money laundering laws in India Gathering domain expert views over the running practicality of money laundering laws globally in general and specifically in India. . LITRETURE REVIEW Uribe (2003) highlights that the word money laundering came into existence in the early 20th Century, but the practice of disguising income earned from unlawful activities can be traced back to the 13th Century B.C at which time the oceans and seas were used as international trade routes. With the changing profile money laundering over the years has become more and more expensive, time-consuming method to carry out and eventually risky. According to Lloyds (1997) the word money laundering originated from one of the most famous mafia Al Capone or Scarface who created a criminal organization in 1920s in the United States as a result of to their activities such as gambling, liquor profits etc. They wanted to conceal their illegal money and to do so they opened legitimate business in another country and mixed their illegal money with the white money. He further states that in 1930s mobster Meyer Lansky gave rise to number of ways to launder money in order to hide the money earned from gambling, sale of illegal alcohol etc. He understood the significance of creating businesses, as fronts for his illegal activities as well as means to launder money. Furthermore, Uribe (2003) states that the concept of money laundering is certainly not new. People who undertake criminal activities for financial gain have always strived to keep all attentions away from their illegal activities and profit from their efforts. Day by day the methods of disguising money earned from illegal activity is becoming sophisticated. Money Laundering Process Money laundering is the process of changing the source and ownership of capital and assets earned through criminal activities to a legitimate source (Great Britain, 2009) According to Hopton (2006) Money laundering can be done in many ways. It can be a simple method or a complex method which could include international businesses and investments. However, as per the law money laundering has been defined in three stages namely placement, layering and integration. Placement: As per Molander et al (1998) placement is the first step in the money laundering process wherein the money earned from illegal activities is processed in the financial system. In this process the illicit takings is most open to detection. Gilmore (1999) highlights that the main aim of this stage is to move the money from the place it has been earned so as to avoid detection from the authorities. In this stage it has the greatest risk as the dirty money is deposited in financial institutions or used to buy asset. Once the money is forwarded to the financial institution placement takes place. Furthermore, Schneider et al (2008) states that placement can be done in many ways namely primary deposit in which people know that it is the right time to put illegal earnings into a legal financial system without drawing attention of regulatory agencies. The money is separated in limited amounts so that no identification or documentation is required while depositing the illegal money. The other method of placement is by opening new bank accounts in different countries also the corrupted co-workers are used as a way to place illicit money. When money is deposited in banks abroad it helps to enter financial or economic cycle. Another way of placement is through secondary deposit wherein the illicit money is transferred indirectly in the bank system thus converting it into legal money with the help of legal person. The name of unknown individual who work for them is used to open up new accounts, buy assets, open up a company etc. Indirect placement can also be accomplished by forward displacement of the money laundering location onto life insurances, financial service provider and exchange offices Layering: According to Chaikin (2008) this stage involves separating of illegal money from its origin by involving many layers of financial transactions and transfers. As per Gilmore (1999) it is the converting of dirty money to clean money in which the cash is split through various methods which are specially designed to cover the dirty money. It helps to cover the audit trail and provides secrecy. Layering is achieved by purchasing assets of high value such as diamond or by moving money into banks abroad or by overbilling of the value of imported goods. This stage is also known as agitation stage. Moreover, Schneider et al (2008) states that due to the electronic payment system and lack of efficient criminal prosecution helps to make layering process possible. Integration: Gilmore (1999) states that this stage takes place once the layering process is successful. The money is transferred back to the launderer as clean money and is mixed with legitimate economy and financial system. Integration process is generally achieved by setting up unknown institution in places where secrecy is assured. New forms of businesses give way to integration process such as a person can open a webpage and change his dirty money to clean money by showing income from the webpage. Figure1 shows the stages of money laundering. Figure 1: Stages of Money Laundering (Source: http://money.howstuffworks.com/money-laundering1.htm) In India the Reserve Bank of India (RBI) panel suggests that the existing anti money laundering laws needs to be strengthened. They have proposed strict rules to fight money laundering activities and according to which the banks need to improve the procedure and policies for creating proper customers profile and coordinate an cooperate with regulatory and other authorities. According to the panel, to stop money laundering the banks working in India must check the sources of funds in deposit schemes offered to expatriate Indians. The banks should appoint anti-money laundering compliance officer to check and maintain profiles of customers. A data bank for suspicious transactions should be created and forwarded to banks to help them identify the method of doubtful behaviors. The anti money laundering software was launched in India on 17th of September 2003 by Infrasoft Technologies known as OMNI Enterprise, which was first software adopted by India globally (Agarwal et al, 2004). Estimating how much money is actually laundered in the United States, or any other country, or globally is extremely difficult. Money Laundering is a largely secretive happening. The exact number of launders that operate every year, how much money they launder in which countries and sectors, and which money laundering techniques they use is not known (Brigitte Unger, 2007). However, a sustained effort between 1996 and 2000 by the FATF to produce such estimates failed. In fact, no direct estimates exists of how much money passes through the financial system, whether broadly or narrowly defined, for the purposes of converting illegal gains into a non-traceable form (Peter Reuter and Edwin M. Truman,2004). John Walker (1995) was the first to make a serious attempt at quantifying money laundering and initial output. His model suggests that US$2.85 trillion are laundered globally. As per an estimate of the International Monetary Fund, the aggregate size of money laundering in the world could be somewhere between two and five percent of the worlds Gross Domestic Product. While it is impossible to state how much money is laundered every year with authority, it is estimated that US$300 billion to US$500 billion in proceeds from serious crime (not tax evasion) is laundered each year (Scott, David. 1995). Though data on the size of money laundering is scant, UK and US officials estimate that the amount of money laundered annually in the financial system worldwide was roughly $500 billion some 2% of global GDP (Quirk, Peter J., 1997). According to international accounting firms, India is estimated to have a parallel economy of nearly 40 percent of its $600 billion Gross Domestic Product (Sing h, 2009). Table 1: lists several specific estimations of the value and extent of money laundering worldwide. Publication year Estimation year Estimation of Global ML Source 1995 1995 US$100-500 billion John Walker 1998 1997 US$ 300-500 billion U.S. Department of State 1998 1998 2-5% of the global GDP Michel Camdessus IMF 2002 1998 US$ 800 billion to US$ 1.5 trillion Simon Maylam 1998 1998 US$ 2.85 trillion John Walker 2004 US$ 45-280 billion Reuter and Truman 2005 US$ 1 trillion Baker 2008 US$ 1.425 trillion AUSTRAC 2009 2-5% of the global GDP (US$ 800 billion to US$ 2 trillion) UNODC (Source: Alkaabi et al, 2010) Hawala According to Fritsch et al (2001) the Hundi system can hardly be tracked and was developed many centuries before by bookkeepers who were keen to prevent bandit attacks on transcontinental caravans. In this system the money changer takes money from its customer to transfer it to another person in a foreign city which is often done within a day. The changer calls a colleague in the receivers country to deliver the money. To receive the money the beneficiary needs only a receipt which is generally a bank note or a code word mailed by the sender. This method is guaranteed not by fixed assets but by fear. Moreover, in Hawala system Bank notes and pictures are torn in half, and one half is given to the customer and the other is mailed to the beneficiary. The two halves needs to match for the transfer to be completed (Nove, 1991 cited in Carroll, 2007) However, Lilley (2003) highlights that Hawala or Hundi is a substitute or parallel process of transferring money. It exists and runs outside of, or parallel to, traditional banking or financial systems. Hawala was established in India before the Western banking system was introduced, and is one of the most common methods used In India and around the world to launder money. This system provides secrecy as there is no paper work and is based on trust. The money is not transferred physically. In this system the client goes to the broker in one country and asks to make payment to another person in another country. The broker then calls his coworker in the destined country and asks to make payment to the recipient. As a result no paper work is done and is based on trust. The funds are physically transferred at a later stage between the brokers. Furthermore, Mirza (1996) cited in Carroll (2007) states that in the Hawala system transfer of money is confirmed through telephone, email and fac simile. This method even offers pick-up and delivery of money. Dougherty (2006) highlights that Hawala is a value transfer system which has been in use for 1200 years. It can be said as a poor mans Western union wherein they pay 1% of the value sent. It is described as informal value transfer system and is recognized as alternate remittance system. As this method of transferring fund is very difficult to track, it is estimated that $100 billion to $300 billion of money is laundered through them every year. He further states that according to Interpol, with language that leaves and error, Hawala system of remittance can be said illegal in India. As per the law in India the conception of Hawala, such as transfer of value is illegal but more than that under the jurisdiction of foreign currency exchange laws, when Hawala deal includes foreign currency it goes beyond the line of illegality. Hawala can be used in any stage of money laundering for instance in the placement stage the customer can give the money to the broker. In the layering stage the m oney can be separated from the source and leave a puzzling or nonexistence trial and in the integration stage the money transferred from one country to another is difficult to track using Hawala. Hawala system helps in converting illegal money into legal money. The word Hawala is an Arabic word which means moving of money or information from one person to another using the help of third person. This method of transferring money is not traceable by authorities as no paper work is left behind. To launder the money the profits made out of Hawala transactions are put in real estate, films etc (Devi et al, 2010). Also, Hawala is assumed to be used by terrorist to transfer assets (Fernandes, 2002). One of the well known Hawala or foreign exchange case in India was the S. K. Jain (a Hawala broker) case who was arrested in 1991. Huge amount of Indian and foreign currency, some notebooks and a diary was discovered during the searches done in his and his familys property. The diary contained the initials of high level politicians to whom large amount of money were said to have been paid illegally (Wescott et al, 2009). Furthermore, Chopra (1996) highlights that the diary which was found during the search listed a sum of $18 million that was given to the government officials. Although Hawala is illegal in India, it is the corrupt politicians who give rise to such method. Factors which are providing Impetus to the Crime of Money Laundering (Vijay Singh) Many reasons can be attributed to the rising instance of money laundering around the globe of which some are given below. No agreements for sharing tax information with other countries Availability of instant corporations Corporate Secrecy Laws as the corporate law of certain countries enable launderers to hide behind shell companies. Excellent Electronic Communication internet, mobile phones, phones Tight Bank Secrecy Laws A Government that is Relatively Invulnerable to Outside Pressures A high degree of Economic Dependence on the Financial Services Sector A Geographical Location that Facilitates Business Travel to and from rich neighbors. Increase in sophistication and employment of professional people for doing the task. The politician-criminal nexus The lack of effective control over contributions to political parties and election expenses. This enables criminal elements to use their contributions to the political process as a safe channel for money-laundering and for gaining political influence to incapacitate the intelligence and investigating agencies so that they cannot effectively act against them(Raman, B., 2009). According to Agarwal et al (2004) Money Laundering is more vulnerable in the private banking sector due to the following six reasons thus giving rise to instances of money laundering. Private Bankers as Client Advocates The main players in private banks are the bankers who are trained to serve their customers. They open up accounts and move the money around the world using secret tools and financial systems. The private bankers are encouraged by their banks to create personal relationship with their customers by visiting their homes and organizing their financial affairs. As a result of this the private bankers may feel loyal for their customers and may avoid the controls made to detect or stop money laundering. Powerful Clients The customers of private banks may use political or economic power because of which the banks become concerned to fulfill their needs and ask very few questions. Also if the customer is a government employ with control over the banks in country procedure, the bank has grounds to evade fraud. Culture of Secrecy In a private bank secrecy is maintained and one of the examples is that in Swiss banks, accounts are opened by using numbers. Also, the private banks and clients use many levels of privacy to hide accounts and transactions. They open up shell companies to hide the identity of the owner of the bank account and also open up accounts in code names. Secrecy Jurisdictions Some private banks follow business according to secrecy jurisdiction and if the banking information of the client is disclosed it may be illegal and action can be taken against it. Culture of Lax Control At the time to follow the anti-money laundering controls it is the private banker who is asked to check the enforcement of anti money laundering controls. They check the history of their prospective customers and also monitor existing accounts for any fraudulent activity. Also, they are the ones to open any new account and increase client deposits. The private bankers become the advocate for their customers and do not follow the procedure to check their transactions. They do not ask enough questions about their funds and do not record the information provided in a proper form. Cut Throat Competition As a result of competition in the private banks for clients to increase their profitability, money laundering problem is increased.

In Support of Parenting Education Essay -- Child Development

In an perfect world, every child would be wanted and loved, and all parents would have the capacity and the desire to raise children who are healthy, mentally and physically strong, and displaying high moral integrity. Sadly, this is not the case. Some parents are, unfortunately, not much interested in what happens with their children. Other parents are not pleased with what is happening in the home with their children but do not know what to do to create effective change. Still other parents are unaware that there is another way, a better way, of parenting. Parent education could help in all of these scenarios. The literature demonstrates that parenting interventions improve the quality of the relationship parents have with the children as well as improving child social behavior (Scott, O’Connor, Furth, Mathias, Price, and Doolan 2010). Programs have been particularly effective when delivered to motivated, ethnic majority parents, but there has been little study of programs that serve as interventions aimed at preventing a wide range of poor outcomes associated with antisocial behavior, such as involvement in risky lifestyles, low school attainment, and a lack of satisfactory friendships (Scott et al.). There are, of course, problems associated with delivery of parenting programs; the greatest challenge is getting parents to participate when there is no mandate that they do so. Skilled personnel may be another issue; urban areas may have sufficient counselors and educators, but rural areas may not. A third issue is cost, although, as pointed out by Scott et al., â€Å"programs can i n theory be justified since in the long run they should reduce the high cost of antisocial behavior arising from increased use of services, higher levels ... ... Perspective.† Professional School Counseling 14.3 (2011): 242-249. Brannon, Diana. â€Å"Character Education—a Joint Responsibility.† Education Digest 73.8 (2008): 56- 60. Parker, David C., Nelson, Jennifer S., and Burns, Matthew K. â€Å"Comparison of Correlates of Classroom behavior problems in schools with and without a school-wide character education program. Psychology in the Schools 47.8 (2010): 817-827.. Reinberg, S. (2010). U.S. kids using media almost 8 hours a day. HealthDay News January 20, 2010. Retrieved from http://www.businessweek.com/lifestyle/content/healthday /635134.html Scott, Stephen; O’Connor, Thomas G.; Futh, Annabel; Mathias, Carla; Price, Jenny; and Doolan, Moira. â€Å"Impact of a Parenting Program in a High-Risk, Multi-Ethnic Community: the PALS Trial.† Journal of Child Psychology & Psychiatry 51.12 (2010): 1331-1341.

Internal information Essay

Accounting records are a prime source of internal information. They detail the transactions of the business in the past – which may be used as the basis for planning for the future (e. g. preparing a financial budget or forecast). The accounting records are primarily used to record what happens to the financial resources of a business. For example, how cash is obtained and spent; what assets are acquired; what profits or losses are made on the activities of the business. However, accounting records can provide much more than financial information. For example, details of the products manufactured and delivered from a factory can provide useful information about whether quality standards are being met. Data analyzed from customer sales invoices provides a profile of what and to whom products are being sold. A lot of internal information is connected to accounting systems – but is not directly part of them. For example: – Records of the people employed by the business (personal details; what they get paid; skills and experience; training records) – Data on the costs associated with business processes (e. g. costings for contracts entered into by the business) – Data from the production department (e. g. number of machines; capacity; repair record) – Data from activities in direct contact with the customer (e. g. analysis of calls received and missed in a call centre) A lot of internal information is also provided informally. For example, regular meetings of staff and management will result in the communication of relevant information. SAMPLE SOURCES OF INTERNAL INFORMATION: Balance Sheet of ICICI PERIOD ENDING 31-Mar-00 Assets Current Assets Cash And Cash Equivalents 1,479,000 Short Term Investments – Net Receivables 194,000 Inventory – Other Current Assets -. Total Current Assets – Long Term Investments 1,185,000 Property Plant and Equipment 48,000 Goodwill – Intangible Assets – Accumulated Amortization – Other Assets 81,000 Deferred Long Term Asset Charges – Total Assets 2,987,000 Liabilities Current Liabilities Accounts Payable – Short/Current Long Term Debt – Other Current Liabilities 2,454,000 Total Current Liabilities – Long Term Debt 57,000 Other Liabilities 215,000 Deferred Long Term Liability Charges – Minority Interest – Negative Goodwill – Total Liabilities 2,726,000 Stockholders’ Equity Misc Stocks Options Warrants – Redeemable Preferred Stock – Preferred Stock -. Common Stock 45,000 Retained Earnings 44,000 Treasury Stock – Capital Surplus 171,000 Other Stockholder Equity 1,000 Total Stockholder Equity 261,000 Net Tangible Assets $261,000 Source: Yahoo Finance Stock movement of I-Flex solutions Series Date Prev Close Open Price High Price Low Price Last Price Close Price Total Traded Quantity Turnover in Lacs EQ 03-Mar-2008 1,078. 95 1,037. 00 1,080. 00 1,020. 00 1,029. 90 1,042. 55 17954 190. 31 EQ 04-Mar-2008 1,042. 55 1,020. 00 1,075. 00 1,017. 00 1,047. 65 1,048. 25 36723 382. 44 EQ 05-Mar-2008 1,048. 25 1,070. 00 1,070. 00 1,030. 15 1,045. 00 1,039. 20 22219 231. 63 EQ 07-Mar-2008 1,039. 20 1,021. 00 1,032. 00 983. 00 1,004. 95 1,001. 50 22103 220. 45 EQ 10-Mar-2008 1,001. 50 955. 00 1,040. 00 946. 40 1,005. 00 1,015. 50 19099 192. 55 EQ 11-Mar-2008 1,015. 50 992. 50 1,065. 00 992. 50 1,045. 00 1,054. 65 21805 226. 22 EQ 12-Mar-2008 1,054. 65 1,100. 00 1,100. 00 1,000. 00 1,004. 00 1,007. 45 13398 139. 14 EQ 13-Mar-2008 1,007. 45 987. 05 1,010. 00 952. 00 954. 00 959. 10 15931 155. 65 EQ 14-Mar-2008 959. 10 962. 00 992. 00 920. 00 990. 00 983. 15 21685 210. 01 EQ 17-Mar-2008 983. 15 925. 00 970. 00 925. 00 965. 00 942. 95 12307 116. 99 EQ 18-Mar-2008 942. 95 931. 00 958. 50 925. 10 927. 00 936. 50 21230 200. 13 EQ 19-Mar-2008 936. 50 970. 00 978. 00 922. 00 925. 00 925. 55 21245 199. 40 EQ 24-Mar-2008 925. 55 948. 00 950. 00 895. 00 905. 00 908. 25 21626 197. 55 EQ 25-Mar-2008 908. 25 913. 50 1,008. 00 913. 50 990. 10 992. 55 58576 571. 10 EQ 26-Mar-2008 992. 55 988. 90 1,027. 00 974. 00 974. 00 986. 85 33402 335. 28 EQ 27-Mar-2008 986. 85 975. 00 1,003. 00 935. 00 951. 05 947. 10 118566 1,140. 60 EQ 28-Mar-2008 947. 10 970. 00 994. 00 956. 00 976. 00 984. 40 21658 210. 89 EQ 31-Mar-2008 984. 40 970. 25 985. 00 935. 00 948. 20 941. 10 39622 376. 60 Source: NSEINDIA.

Wheel of life

I feel that at this point in my life, I'm as ready as I can be. Having not gone to school for so many years have made me realize what potential I have lost. With all the advancements that is occur in today's world with the availability of the internet and big corporations that is running most of the world's operation. With such big company, there comes much vulnerability in the security system.Looking back at September 11th, I realized that with all the security measures that was taken to prevent such incident failed and the unthinkable happened. Since then, technology and it's security system have gotten stricter and more complicated, something that I feel that I'm very behind on how it all work and that only going back to school to learn about the technological advancements and how it works would help me better my chances as time goes on.The class would challenge me In my thinking skills and my habits. It would develop me for form new habits and thinking skills to much my time with school and work more efficient, making me think In ways that I have not in a long while. Thus challenging me to become more develop as a person in today's technical oral, with the understanding on how it works. By being successful and realizing what is needed to be accomplish In order to succeed In today's world, one must be able to maintain a standard.By examining my experience and how the world have since makes me understand that without a adequate education, It become much harder to succeed In today's world. Not only for the reason that It will bring forth a certificate but it ready you for critical thinking and will develop you mentally as a person for later on life, helping you go on the road and building a strategy to become successful.