Tuesday, June 30, 2020
Dylan Brooks 2019 Best Brightest: Dylan Brooks, North Carolina (Kenan-Flagler) by: Jeff Schmitt on March 22, 2019 | 0 Comments Comments 1,195 Views March 22, 2019Dylan BrooksUniversity of North Carolina, Kenan-Flagler Business SchoolÃ¢â¬Å"An outgoing introvert with a passion for adventure and learning.Ã¢â¬ Fun fact about yourself: IÃ¢â¬â¢m an avid freestyle rapper.Hometown: Pembroke, North CarolinaHigh School: Purnell Swett High SchoolMajor: BusinessMinor: N/AFavorite Business Course: Consulting Skills and FrameworksExtracurricular Activities, Community Work and Leadership Roles During College:Admissions Ambassador for UNCStarting Right Back on the MenÃ¢â¬â¢s Club Handball TeamTeaching Assistant for Masters of Accounting (MAC) 777Substitute Teacher for the Public Schools of Robeson CountyStudent Ambassador for ALDIBusiness Development Subcommittee of the Undergraduate Business SymposiumScholar in the Carolina Millennial Scholars ProgramNative Service Scholar with the UNC American Ind ian CenterRecipient of the Fred Clark Scholar AwardThree-time recipient of the Renwick Academic Achievement AwardSeven-time member of the DeanÃ¢â¬â¢s listWhere have you interned during your college career? ALDI District Manager Intern in Charlotte, North CarolinaWhere will you be working after graduation? ALDI District Manager in the Salisbury divisionWhat did you enjoy most about your business school? I enjoyed UNC Kenan-FlaglerÃ¢â¬â¢s dedication to the development of the well-rounded business student. They are dedicated to ensuring students have the academic foundation necessary to succeed in the business world, but also ensure that students have the necessary communication and leadership skills to effectively implement the great ideas that theyÃ¢â¬â¢ll develop. I received high-quality in-class academic training, learned how to give great presentations, work in teams, and became a better leader.UNC Kenan-Flagler also emphasizes the importance of studying abroad and develop ing cross-cultural communication skills. As such, I had the opportunity to study business in China, Vietnam, and Denmark. These international experiences played a pivotal role in my personal and professional development. They helped me see first-hand how important being an effective cross-cultural communicator is and how many opportunities exist across the globe for business professionals willing to take risks and expand their companies. These experiences caused me to learn more about myself, as I was forced to adapt to life in totally different environments. IÃ¢â¬â¢m extremely grateful for these life-changing experiences.What is the biggest lesson you gained from studying business? The ability to problem-solve is the most important skill that you can develop. Efficient and effective problem-solving is a deliberate process that an individual can continuously refine and develop. If you can become an expert problem solver, you will have a profound and valued impact on any business o r organization. Studying business has inspired me to continuously work on refining my problem-solving abilities.What advice would you give to a student looking to major in a business-related field? I would advise the student to seek out challenging opportunities in areas of business that he or she finds most exciting or interesting. I have found that individuals tend to be the most successful when they are pursuing academic and professional experiences that they are truly passionate about. It is important to not fall into the trap of picking an area of business based upon its higher salary or prestige.Ã¢â¬Å"If I didnÃ¢â¬â¢t major in business, I would be majoring in or studyingÃ¢â¬ ¦History. Learning how the world we live in today came into existence is extremely fascinating and important to know. Often times, having a good understanding of how certain structures, systems, and cultures have evolved greatly aids in truly understanding many of the issues we face in society today.Wh o most influenced your decision to pursue business in college? My uncle most influenced my decision to pursue business in college. He pursued a career in international business and this allowed him to work in a wide variety of countries throughout his career. I was always fascinated by the experiences he had working all over the globe and this inspired me to pursue a business degree.Which academic, extracurricular or personal achievement are you most proud of? IÃ¢â¬â¢m most proud of serving as a teaching assistant for Master of Accounting (MAC) 777. The class is the capstone course of the MAC mentorship program at UNC and offers students the opportunity to develop their problem solving, teamwork, and presentational skills. I took this course early on in my collegiate career here at UNC and I thoroughly enjoyed it. As such, it was an honor to be able to serve as a teaching assistant for the course during my senior year. I enjoyed having the opportunity to aid my peers in their acad emic and professional development by teaching them many of the lessons I learned throughout my time at UNC.Which classmate do you most admire? I admire my classmate Pedro Duarte. Pedro has great analytical abilities and is always willing to accept challenges. He has a talent for finding the underlying strengths and weaknesses of firms and proposed strategies. I often ask him for advice on a wide variety of ideas and strategies because I know that he will quickly find any strengths and weaknesses that I have failed to identify.Who would you most want to thank for your success? I most want to thank my parents for my success. They have always been extremely supportive and encouraging in all of my academic, athletic, and personal endeavors. Their constant support and unconditional love have given me the strength and motivation I need to work at achieving my goals.What are the top two items on your bucket list? I would love to travel to all seven continents and obtain my pilotÃ¢â¬â¢s l icense.What are your hobbies? Playing basketballPlaying tennisPlaying team handballWatching Disney moviesFreestyle rappingWhat made Dylan Brooks such an invaluable addition to the Class of 2019?Ã¢â¬Å"ItÃ¢â¬â¢s a bit clichÃ ©d, but I would describe Dylan Brooks as a rock star. While he certainly shines bright like many of the other stellar students we have in our Undergraduate Business Program, my emphasis would be on the term Ã¢â¬Å"rock.Ã¢â¬ Dylan is a humble leader that makes other students around him feel valued and part of the team.Ã HeÃ¢â¬â¢s provides a real foundation for any group of which he is a part.Ã I spent two weeks in Asia with Dylan as part of a Global Immersion and worked with him for nine months as part of a small class that organizes our schoolÃ¢â¬â¢s main recruiting event, the Undergraduate Business Symposium.Ã Each of those projects could be tiring and stressful in their own ways.Ã Dylan was always steady, optimistic and ready to help.I have m any great memories of DylanÃ¢â¬â¢s time at UNC Kenan-Flagler.Ã We walked the Great Wall together.Ã He wrote an in-depth reflection piece on our travels to Asia and how the trends he saw could impact economic growth.Ã He graciously spent more than a day of his time recruiting for ALDI at our career networking event, sharing his stories and trying to help other students along.I also have engaged with Dylan in my role as the interim director of the UNC American Indian Center.Ã He has been a great campus ambassador for our community.Ã He was one of two students to receive the inaugural Carolina Native Service Scholars Award for his leadership and service.Ã Many Native students bring with them the hopes and dreams of their communities and Dylan is not only excelling for himself but shining his star for future Native students to follow.My favorite memory, however, is when our committee of student advisors interviewed Dylan for a position on the Undergraduate Business Sympos ium Core Committee.Ã This is a very competitive position and fewer than half the applicants are accepted.Ã Dylan had listed Ã¢â¬Å"freestyle rapperÃ¢â¬ on his resume and a student asked him about it at the end of the interview.Ã Always cool under pressure and willing to stand behind his resume, Dylan laid down a few lines. He was already Ã¢â¬Å"inÃ¢â¬ at that point, but his willingness to go out on a limb made everyone happy along the way.Ã Rap star probably would also be an appropriate descriptor for Dylan.Ã¢â¬ Larry Chavis Assistant Professor of Strategy and Entrepreneurship Page 1 of 11
Wednesday, June 3, 2020
Types of Attachments in Toddlers (Essay Sample) Content: Observation AssignmentAuthorÃ ¢Ã¢â ¬s NameInstitutional AffiliationObservation AssignmentPart One: Types of Attachments in ToddlersAccording to Berk (2014), the first type of toddler attachment is the secure attachment. With secure attachment, the toddler will freely explore while the parent or the caregiver is around. The toddler will typically engage with the people around him or her including the strangers. The toddler will apparently become too sad when the parent or the caregiver leaves show a lot of happiness when they return. Usually, the distress and consequent exploration of the kid significantly depends on the attachment status, situational factors, as well as the temperamental makeup of the toddler. However, the attachment is also greatly influenced by the sensitivity of their primary caregiver to their needs.From the MyLabs video, some of the behaviors that the toddler exhibit to be identified as having a secure attachment includes being upset when the caregiver leaves, showing happiness when the caregiver returns, and being content when the caregiver fulfills their needs appropriately and in time (Eugenia, 2015).The next attachment is called avoidant attachment. When the caregiver is around, the toddler will show very little or lack of interest in the playful interaction. The toddler will opt to play with objects and not people and will show distant emotions from her or his caregiver. When the parent leaves, the child will remain calm without any sign of indifference. When the caregiver returns, may avoid contact and ignore the parent.The third attachment is called ambivalent attachment. When the parent is around, the child becomes very uncomfortable, insecure and rejects the proximity and comfort of the parent angrily. However, the child will violently protest when the mother leaves and will not regain calmness when the mother returns. The toddler cannot be easily comforted by the stranger.Lastly, there is disorganized attachmen t where there is no any attachment strategy that is consistent. As such, there is no any way that is real for the toddler to cope with the given situations (Atkinson, 2013). Some babies may seem depressed when the caregiver returns, others will be glad while others will be disturbed.Part Two: Observing children and their parents at the playgroundThe secure attachment at the playground was evident. When the mother was around, the child was freely exploring. The child could be seen shaking hands and laughing with the strangers. However, the child could become very upset each time the parent left. When the mother went into the washrooms, the child cried and wanted to ...
Sunday, May 17, 2020
Decision making in an organization can be a positive strength that can be used individually and in-group situations. In every organization there is a team enviorment that gets created. The focus that needs to be made when making a group decision is listening to each other, formulation of questions and how they present their views. When there is an enviorment where every person in the team feels comfortable this raises the quality of the decisions being made (Foundationcoalition.org, 2014). Individual decision making can be sorted by examining cognitive styles that work best for each individual that are used for gathering information and evaluating alternatives. Features of insight and creativity can be developed to help assist the decision makers. Ultimately, the use of technology systems can help individual and improve team groups through expert methods and group decision support systems. The nature of todays work in organizations becomes more complex, dynamic and global; there has been an increasing emphasis on the exertion of virtual teams as organizing units of work. Even though there is little knowledge about the new form of work unit this report will briefly touch on understanding virtual teams and in particular to identify the implications it might have for an effective leadership (Bell Kozlowski 2002). In an organization to be successful their needs to be influences of top management teams that make strategic decisions which influences the organizationalShow MoreRelatedThe Decision Making Of An Organization1367 Words Ã |Ã 6 PagesThe Decision making Continuum- One of the managerÃ¢â¬â¢s most important jobs is to determine the outcome for a task. He has to decide on goals and provide assignments for employees to complete. However, it is just as important for the manager to be clear about how decisions related to these goals will be made. In leadership and management theory, decision making power can be examined using a visual model called the decision making continuum or the Tannenbaum and Schmidt continuum. This model shows howRead MoreMaking Decisions For An Organization903 Words Ã |Ã 4 PagesMaking decisions is a much more complex process than just trying to figure out whether to do something or not. It often requires more than just a Ã¢â¬Å"YesÃ¢â¬ or Ã¢â¬Å"NoÃ¢â¬ answer. The right choices are crucial to an organization in order to address important issues and to produce positive outcomes. Often timeÃ¢â¬â¢s smaller decisions help figure out the bigger picture. For instance, in the movie The Insider Wigand had to decide whet her becoming a whistleblower was worth the threat to himself and his family. UltimatelyRead MoreThe Decision Making Of An Organization1367 Words Ã |Ã 6 PagesThe Decision making Continuum- One of the managerÃ¢â¬â¢s most important jobs is to determine the outcome for a task. He has to decide on goals and provide assignments for employees to complete. However, it is just as important for the manager to be clear about how decisions related to these goals will be made. In leadership and management theory, decision making power can be examined using a visual model called the decision making continuum or the Tannenbaum and Schmidt continuum. This model shows howRead MoreOrganization Decision Making Process1052 Words Ã |Ã 4 PagesAn organization continually makes decisions at all levels. Until the past decade, most organizations and their managers and employees operated in an information and knowledge fog, making decisions based on best guesses about the past and present, and making expensive errors in the process. Many have failed throughout the course trying to improve the decision making process, there are many ways that contribute to the failure. Organizations can ea sily miss the market, by not having the right intelligenceRead MoreDecision Making Across the Organization741 Words Ã |Ã 3 PagesDecision Making Across the Organization Ramonica George ACC/561 January 14, 2014 Grace Kalil Decision Making Across the Organization When it comes to decision making across the organization, managers must have an understanding of cost effectiveness, selling, pricing, and budgeting. The organization must be able to accurately budget for variable cost as well as fixed cost while maintaining an increase in profit and revenue. In this paper, I will discuss the different view-points of decisionRead MoreDecision Making in Healthcare Organization1494 Words Ã |Ã 6 PagesRunning Head: Decision Making in a Healthcare Organization 1 Decision Making in a Healthcare Organization Xavier Hunt MHA 601: Principles of Healthcare Administration Professor Jack Lazzare December 19, 2011 DECISION MAKING IN HEALTHCARE ORGANIZATION 2 In the health care profession a CEO will be asked to make a lot of difficult decisions. The CEO will not only have toRead MoreLeadership Of An Organization And Making Decision865 Words Ã |Ã 4 PagesWhen managing an organization and making decision, it is important to develop leadership skills. Leadership is multi-faceted and there are many different approaches that are used in leadership. What is leadership? Leadership is the ability to influence a group toward the achievement of a vision or a set of goals. (Robbins Judge p. 385) Leaders are those who have the influence to motivate people to take a vision and put it into action. Often, people in management have assumed positions of leadershipRead MoreDecision Making For The Success Of The Organization1336 Words Ã |Ã 6 PagesDecision-making in management is essential to the success of the organization. Decision-making in one s personal life is just as essential. In making decisions it is important for a person to be aware of different decision-making techniques, tools and approaches. In this paper I will explore two different tools of decision-making as applied to a decision that I need to make and I will also identify possible solutions to my decision. Lastly, I will compare the results of my two different techniquesRead MoreDecision Making Process Of An Organization1829 Words Ã |Ã 8 Pagesassist the decision maker in speeding up the decision making process There are various heuristics or methods that can speed up the decision making process of an organizations or the decision maker for the company in a given framework. When the organization is working under the global market, the methods to speed up the decision making process is extremely important for the decision makers of the organizations. Defining the problems There can be two or more problems in an organization when it is workingRead MoreDecision Making Within The Organization1002 Words Ã |Ã 5 Pages First and foremost, stakeholders are individuals that have an interest or even influence of decision making within the organization. Stakeholders along with elected officials, organizations, and special interest groups are valued based on their contributions and connections. In comparison amongst all organizations, healthcare stakeholders play a key integral part because of regulations. Health care is highly regulated and policy driven and the right personnel in your corner can go a long
Wednesday, May 6, 2020
Defining the term Indigenous is a process that while well-received and widely produced, is somewhat problematic as there are many variations, and even some suggestion that a relatively static definition does nothing to honor neither the meaning of the term nor the communities of peoples it represents. Understanding the variations in form and meaning are important to recognizing how the term is used in relationship to the user and the context in which it is produced. Indeed, misunderstanding and misuse are part of the de-conflating process of decolonizing language, and sometimes discernment before definition is required. Because of the objectification of Indigenous peoples, and the displacement of their relationship with their lands,Ã¢â¬ ¦show more contentÃ¢â¬ ¦Hence, to have a concept of indigenous as being defined by its localness (Tsui, 2004) is too simplistic, as indigenous knowledge and indigenous people are always such within a power relationship in a globalized world, and one defined by its colonial history. Hence those who wish to steer clear of such a global relationship may be better to use the term Ã¢â¬ËendogenousÃ¢â¬â¢.Ã¢â¬ (Jackson, 2012) This problematizing that is required to unpack the layers of history and mystery that have been a consequence of the confounding nature of colonialism is a process that is productive and needs to continue; the same scholar concludes, Ã¢â¬Å"Anything regarded as Ã¢â¬ËindigenousÃ¢â¬â¢ cannot be considered frozen in time, although often it is. Ã¢â¬ËIndigenousÃ¢â¬â¢ knowledge is not an artefact to be preserved (Briggs and Sharp, 2004), nor one that can easily be packaged for Western consumption (Briggs, 2005). Rather it is part of a dynamic within a cultural interface that constantly produces new knowledge and social forms albeit through geopolitical power dynamics that have a profound effect on this production.Ã¢â¬ (Jackson, 2012) What Jackson does not concede however, is that in the same way t hat he describes Ã¢â¬ËIndigenousÃ¢â¬ as a Ã¢â¬Å"dynamic within a cultural interfaceÃ¢â¬ , endogenousness is also part of that dynamic - it is part of Indigenous interconnectedness as internalized colonialism is one of the most pervasive and deepest
Education within Nova Scotia MiÃ¢â¬â¢kmaq communities has been heralded as a model in education self-governance for other First Nations. Yet, in 2013 the Nova Scotia Ministry on MiÃ¢â¬â¢kmaq Education openly criticized the Provincial government for failing to mandate a sufficient amount of MiÃ¢â¬â¢kmaq content throughout the Nova Scotia Kindergarten to grade twelve mainstream curriculums. In response the province stated that an increase in MiÃ¢â¬â¢kmaq content from the two high school classes already in existence was unwarranted given the low proportion of First Nations students who attend provincial schools. Is First Nation content in education solely for the purpose of being inclusive of First Nations learners? In Canada, First Nations self-governance of education has been a major development since the early 1970s as a way of reclaiming their languages and cultures as well as healing from their experiences with colonial education policies, such as residential schools. Wh ile, success has been garnered in areas of decolonizing education in Canada for the most part the focus tends to remain within the boundaries of First Nations communities and reserves and only minimally spreading into mainstream pedagogy. Thus, while First Nations communities undergo the process of decolonization in order to heal from, and understand the effects of colonialism on their Nations, communities, families and selves, a vast majority of non-First Nations continue to perpetuate colonial ideologies and benefitShow MoreRelatedThe First Nations Peoples Of Canada1442 Words Ã |Ã 6 PagesThe First Nations peoples of CanadaÃ¢â¬â¢s right to self-govern has been a widely debated and highly controversial topic since the British North America Act in 1867, when the Canadian government gained the authority to negotiate treaties with the First Nations and purchase their land. First Nations people believe that they have an inherent right to self-govern, as they were the sole inhibit ors of Canada before the Europeans made contact in the 1500Ã¢â¬â¢s. Before colonization, the aboriginals had formedRead MoreSteps to Improving the Socioeconomic Conditions of the Aboriginal Population in Canada1177 Words Ã |Ã 5 Pageshas seen most aboriginal people living in low employment areas (Wilson and Macdonald, 2000). Most children live with their parents in the rural areas. These parents may be illiterates and they lack to see the need for formal education for their young ones. Without education, it is difficult to find sensible employment, this again contributing to the low income of the aboriginal people. Children who make it to school end up dropping out before they attain a high school diploma. The number of peopleRead MoreYouth Suicide Rates Among Aboriginal Youth1278 Words Ã |Ã 6 Pagesfactor is through the emplacement of acknowledgment initiatives. Trying to reduce negative stigmas and stereotypes as well, to educate, can help promote healthy self-esteem and confidence levels within Aboriginal youth and result in the prevention of high suicide levels amongst Aboriginal youth. (CITE) The historical literature of First Nations and PeoplesÃ¢â¬â¢, within North America, have shown inaccuracies and a lack of certain components. This being said, the contents of written history often reflectRead MoreThomas Paine And His Father1718 Words Ã |Ã 7 Pages29, 1737 to a middle-income family. His father was a Quaker while his mother was an Anglican, therefore, constant family arguments about religion became part of Thomas life (Stanford Encyclopedia of Philosophy 2). He did not have much of formal education as he quit schooling at the age of thirteen years and began working for his father. He was baptized in the Anglican Church that his mother attended. His father had forbidden him from learning the Latin language while he was in school though he wantedRead MoreAn Outline History Of Canada s Indian Policy1663 Words Ã |Ã 7 PagesIntroduction Indigenous governance is filled with legislations and amendments that began with the Royal proclamation act of 7th October 1763. Since then, there has been a massive effort to civilize the indigenous population in order to integrate them with the non-indigenous population by the government of Canada. The main purpose of such a congress is debated till date. In this regard, I will be focusing on two papers that provide a detailed analysis of the governmentÃ¢â¬â¢s initiatives and they are:Read MoreThe Aboriginal Quality Of Life Within Canada1259 Words Ã |Ã 6 Pages When discussing the Aboriginal quality of life within Canada there are several issues that come to mind, such as health, education, housing and our Canadian-Indigenous relationship (First Ministers And National Aboriginal Leaders, 2005, p. 1). However, many times Canadians neglect to distinguish the root of the issue. While residential schools may be addressed and looked upon historically, the traumas and effects are still particularly palpable for many Indigenous communities. For this reason, itRead MoreEssay about Canadian-Aboriginals 1971 Words Ã |Ã 8 PagesAboriginal-Canadians have an excessive history of mistreatment and discrimination in Canada. Europeans considered CanadaÃ¢â¬â¢s First Nations as savages, eventually residential schools were created which in extr eme cases were comparable to Prisoner of War camps. According to Evelyn Kallen, Ã¢â¬Å"Substandard housing breeding disease and death, closed schools due to lack of teachers, heat, and/or running water are only two examples of continuing, dehumanizing life conditions on many reservesÃ¢â¬ (198). AlthoughRead MoreAssimilation And Its Effects On African Americans1670 Words Ã |Ã 7 PagesAssimilation is achieved by removing First Nations from their traditional lifestyle, rejecting their governance and suppressing their basic human rights through the evolvement of colonization. On the Means of Converting the Savages impels a definition of civilizing Aboriginal peoples. This article published in 1633-34, thereby written as a bias to the dominant belief at the time. Paul Le Jeune begins with a statement Ã¢â¬â Ã¢â¬Å"the great show of power made at first by the Portuguese in the East and WestRead MorePolitical Rhetoric Vs. Foreign Policy838 Words Ã |Ã 4 Pagespreviously prescribed methods and ideals. This leads to a fundamental question America must answer quickly. Has the growing hypocrisy of idealistic political rhetoric versus actual foreign policy finally undermined American credibility with developing nations, or for the purposes of this paper more specifically China? The answer is yes. In a world made much smaller by the instantaneous connections of digital communications a state such as America cannot hope to proclaim its own brainchild the internetRead MoreThe Legacy Of Ford s Policies1682 Words Ã |Ã 7 PagesII. (Ã¢â¬Å"Fordism,Ã¢â¬ n.d., para. 8). Indeed, upon FordÃ¢â¬â¢s death in 1947, he was acclaimed as Ã¢â¬Å"the man who, more than any other, had ushered in the 20th century.Ã¢â¬ (Colt, 2013). Like a wave, largely in reaction to a current economic crisis, the idealogy, governance, and policies of society have vacillated over time, as economists adopted new stances to correct the economic ills of the day. When classic liberalism, a laisse faire approach espousing freedom of the market, failed, Keynesian egalitarian liberalism
Question: Describe about the Auditing for Inherent Risk Auditing. Answer: 1: Inherent risk in the auditing refers to the material misstatements that has been contained din the financial statements and may be caused by the error or omission as the result of the failure in the controls and this could cause the misstatement due to the absence of the controls that are considered to be separate in the assessment of the control risk. This is the risk which is considered to be high due to the presence of a higher amount of judgement and the estimation of the transactions that are considered to be very complex in nature. In order to illustrate, the inherent risk in the financial institutions is considered to be higher when compared with a manufacturing concern that has bene operating in a more stable environment (Accounting simplified, 2016). The following are the factors that affects the inherent risk of the company: Nature of the business of the client: in case, an entity has been changing fat with the use of the higher technology and faces the risk of the obsolescence of the inventory. This is the risk that is inherent inside the organization. Results of the previous audits: there have been many innovations in the products of the entity and hence, has become obsolete very quickly and the inventory may go undervalued. This is the risk that is inherent inside the organisation. In order to illustrate, in case, an auditor has found that there have been mistakes in the valuation of the inventory, then he has to keep this in mind during the current year (MCCC, 2016). Initial and the repeat engagement: an auditor is able to exercise his judgement when it comes to knowing the areas wherein there could be a fault and he would be more confident when conducting the audit of this company. Related parties: there are always transactions that takes place between the parent and the subsidiary company and between the management and the entity. These are termed as the related party transactions. These transactions have to be entered into at the arms length price, otherwise there is a lack of transparency. Transactions that are not regular in nature: these are the transactions that are not routine in nature and may be caused due to losses, fires etc. the client has to be very cautious when it comes to recording these transactions. Judgment requirement: an auditor is duty bound to exercise an increased amount of judgement when it comes to recording some of the transactions, estimating the same and recording the same. The examples includes the investments being recorded at the fair values, allowances for the trade receivables that go uncollected. Making up of the population: from the point of view of an auditor, there are many of the items that make up for the total population that affects the likelihood of the material misstatements. When there is a higher likelihood of these misstatements, then it leads to an investigation and testing. In the given case as well, an auditor sets the inherent risk to be high and also questions the tarde receivables that are overdue. Hence, while preparing the audit plan, he must assess all the relevant risks (HKIAAT, 2016). 2: Inherent risk in the auditing refers to the material misstatements that has been contained din the financial statements and may be caused by the error or omission as the result of the failure in the controls and this could cause the misstatement due to the absence of the controls that are considered to be separate in the assessment of the control risk. This is the risk which is considered to be high due to the presence of a higher amount of judgement and the estimation of the transactions that are considered to be very complex in nature. In order to illustrate, the inherent risk in the financial institutions is considered to be higher when compared with a manufacturing concern that has bene operating in a more stable environment. The following are the factors that affects the inherent risk of the company: Nature of the business of the client: in case, an entity has been changing fat with the use of the higher technology and faces the risk of the obsolescence of the inventory. This is the risk that is inherent inside the organization. In the given case, One Tel is performing in a competitive environment and hence, there are risks at the account level. The company has many competitors that are older than this company. Results of the previous audits: there have been many innovations in the products of the entity and hence, has become obsolete very quickly and the inventory may go undervalued. This is the risk that is inherent inside the organisation. In order to illustrate, in case, an auditor has found that there have been mistakes in the valuation of the inventory, then he has to keep this in mind during the current year. There is no data pertaining to this available. Initial and the repeat engagement: an auditor is able to exercise his judgement when it comes to knowing the areas wherein there could be a fault and he would be more confident when conducting the audit of this company. There is no data pertaining to this available. Related parties: there are always transactions that takes place between the parent and the subsidiary company and between the management and the entity. These are termed as the related party transactions. These transactions have to be entered into at the arms length price, otherwise there is a lack of transparency. Transactions that are not regular in nature: these are the transactions that are not routine in nature and may be caused due to losses, fires etc. the client has to be very cautious when it comes to recording these transactions. Judgment requirement: an auditor is duty bound to exercise an increased amount of judgement when it comes to recording some of the transactions, estimating the same and recording the same. The examples includes the investments being recorded at the fair values, allowances for the trade receivables that go uncollected. Making up of the population: from the point of view of an auditor, there are many of the items that make up for the total population that affects the likelihood of the material misstatements. When there is a higher likelihood of these misstatements, then it leads to an investigation and testing. In the given case as well, an auditor sets the inherent risk to be high and also questions the trade receivables that are overdue. Hence, while preparing the audit plan, he must assess all the relevant risks. Further, the management experience is quite limited as has been stated therein the question and hence, they are not aware as to how the accounting is to be done and may be this is the main cause of the high inherent audit risk. 3: The assumption of going concern is the most important accounting assumption that relates with the remaining of the business in the near future. This just means that the entity shall not be forced to end the operations and liquidate its assets in the near future at the lower sales prices. By the way of assuming this assumption. The accountant seeks to defer the recognition of the expenses until the later period. This takes place in the business and uses these assets in the most effective and efficient manner that is possible for the purposes of carrying on the business. The entity is never assumed to have problem with the assumption of going concern when there is an absence of the information to the contrary. It is always assumed that the entity would be able to meet all its expenses without any hassles and that the company would not be required to sell its assets or restructure its debt for the purposes of paying off its expenses and bills. And if this is not the case, then the en tity will acquire the assets with an intention of closing down its operations and also resell its assets to another party. In case, if the entity does not believe that its going concern assumption has been affected, then that would just mean that the assets have been impaired that calls for the writing down the carrying values of the assets of the company to their liquidation values. Hence, the value of the entity in that case would be assumed to be going concern which is higher than its break-up value due to the reason that the going concern would not be able to earn the profits. The concept of going concern has not been clearly defined anywhere in the generally accepted accounting principles and hence, is subject to the considerable amount of the interpretation when it comes to the reporting of an entity. Therefore, as per the generally accepted auditing standards, an auditor is never forced to consider this factor. But the company must ensure the compliance with this assumption (Accounting simplified, 2016). An auditor is duty bound to report on the going concern of the company and ensure that the financial statements of the company have been duly audited. The following are some of the considerations in the financial statements: Negative operating results and trend when compared with the previous years. The net operating results of the company are increasing (Accounting course, 2016). Default in the repayment of the loan by the company. No repayment of the loans since the cash flows does not have any outflow of this and the balance sheet shows borrowings. No giving of the credit to the company by the suppliers The long term commitments that are not economical and the company is subjected to the same. No information with regard to this is available. Legal proceedings as against the company. No information with regard to this is available. An auditor has to report on the above assumption since this is something that affects the company in the future and the company must never lose its liquidity. If the company is endangering its going concern assumption, then the fact must be stated in the auditors report since this fact has to be reported to the management of the company and to the shareholders (Accounting tools, 2016). References: Accounting-simplified.com. (2016).Audit Risk Model | Inherent Risk, Control Risk Detection Risk. [online] Available at: https://accounting-simplified.com/audit/risk-assessment/audit-risk.html [Accessed 18 Sep. 2016]. Accounting-simplified.com. (2016).What is Going Concern? Explained with list of going concern problems indications. [online] Available at: https://accounting-simplified.com/financial-accounting/accounting-concepts-and-principles/going-concern.html [Accessed 18 Sep. 2016]. Accountingtools.com. (2016).Going Concern Principle - AccountingTools. [online] Available at: https://www.accountingtools.com/going-concern-principle [Accessed 18 Sep. 2016]. https://www.hkiaat.org/. (2016).Risk in Auditing Inherent Risk. [online] Available at: https://www.hkiaat.org/images/uploads/articles/PBEPIII_inherent_risk.pdf [Accessed 18 Sep. 2016]. My Accounting Course. (2016).Going Concern Concept | Examples | My Accounting Course. [online] Available at: https://www.myaccountingcourse.com/accounting-principles/going-concern-concept [Accessed 18 Sep. 2016]. www.mccc.edu. (2016).A U D I T I N G A RISK-BASED APPROACH TO CONDUCTING A QUALITY AUDIT. [online] Available at: https://www.mccc.edu/~horowitk/documents/Johnstone_9e_Auditing_Chapter7_PPtFINAL.pdf [Accessed 18 Sep. 2016].
Tuesday, May 5, 2020
The Chrysanthemums Essay, Research Paper Symbolism in The Chrysanthemums ( The Chrysanthemums By John Steinbeck ) John Steinbeck gives a different type of symbolism in The Chrysanthemums. Many symbols appear, giving simple significances and even boding the narrative to limited grade. Elisa seems to be content with her garden caring merely for the public assistance of her workss, with a particular respect for the chrysanthemums. Behind her stood the orderly white farm house with ruddy geraniums close-banked around it every bit high as the Windowss. It was a small house with difficult polished Windowss and a clean mud-mat on the front stairss. Her whole universe is her place, and continuing it in such sparkling manner fills her otherwise empty life with pride. Undoubtedly the house stands for pureness and artlessness, while the chrysanthemums are the replacings for kids. With the reaching of the tinker, she views him as an invasion on her private universe, until he, being knowing in the ways of the universe, discovers her love, ( the chrysanthemums ) and exploits her by shaming involvement in them . We will write a custom essay sample on The Chrysanthemums Essay Research Paper Symbolism in or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It ( the tinker s waggon ) was drawn by an old bay Equus caballus and small grey-and-white burro. Underneath the waggon, behind its hind wheels, a thin mangy bastard Canis familiaris walked calmly ( the waggon rode on ) crooked old wheels skirling and whining. Unsavory, untrusty and crooked is the obvious image painted by the signals given here. Elisa is charmed by the hocus-pocus of the tinker. She gives him some of her cherished chrysanthemums to take to a nurseryman who would appreciate their cherished value. Feeling she acquired a affinity with the tinker, she hires him for some minor fixs on pots and pans that truly needed no mending. Of class, the tinker proves to be a prevaricator and he abandons ( discards ) the adopted kids ( the chrysanthemums ) by the wayside. As she travels to town with her hubby, Elisa makes a find, Far in front on the route Elisa saw a dark pinpoint. She knew. When Elisa discovers her babes were tossed off as so much rubbish she realizes her misjudgment and inwardly prostrations. She was shouting weakly like an old adult female. The Chrysanthemums uses many symbols to uncover Elisa s naivety and pureness. It besides uses the same methods to expose the tinker s endeavor through dishonesty. Elisa neer saw the truth until it broke her down, absolutely.