Internal Controls and the Sarbanes-Oxley Act Essay -- SOX Act

Internal controls are in place to protect entities against theft from dishonest workers and outside predators. They are also an accurate series of checks and balances and are in place to find discrepancies. The Sarbanes-Oxley Act of 2002 (SOX) was named after Senator Paul Sarbanes and Michael Oxley. The Act has 11 titles and there are about six areas that are considered very important. (Sox, 2006) The Sarbanes-Oxley Act of 2002 made publicly traded United States companies create internal controls. The SOX act is mandatory, all companies must comply. These controls maybe costly, but they have indentified areas within companies that need to be protected. It also showed some companies areas that had unnecessary repeated practices. It has given investors a sense of confidence in companies that have complied with the SOX act. The SOX act section 404 requires that the auditor assess the company’s management of internal controls and report on it. The act requires that a company include a copy of the internal controls in the year end annual report. All financial statements must be certified by a company’s management. (Coustan, 2004) A company that announces deficiencies in its internal control will more than likely have a fall in their stock prices. Investors will not trust that company’s financial information. The investors know that the company will be hit with fines for not complying with the regulations. No honest investor wants to be involved with a company that defies the government. There are some limitations of internal controls. One is a person knowing the system. This person knows when everything is done and how it is done he or she can find a loophole and use it to his or her advantage. Another limitation is... ...l. If a transaction is missing or the cash on hand is not adding up management should be notified. Even though internal controls do not always work, every entity that has workers should have internal controls. Internal controls protect entities from dishonest workers. Internal controls are a series of checks and balances. The Sarbanes-Oxley Act of 2002 was needed to gain control of accounting improprieties. Dishonest accounting has cost company employees millions of dollars in retirement funds. It has also cost investors millions of dollars. Works Cited A Guide to the Sarbanes-Oxley Act of 2002 (2006). Retrieved December 16, 2009 from www.soxlaw.com Coustan, H., Leinicke, L.M., & Rexroad, W.M., Ostrosky, J.A. (2004). Sorbanes-Oxley What it means to the marketplace. Journal of Accountancy. Retrieved December 17, 2009 from www.journalofaccountancy.com Internal Controls and the Sarbanes-Oxley Act Essay -- SOX Act Internal controls are in place to protect entities against theft from dishonest workers and outside predators. They are also an accurate series of checks and balances and are in place to find discrepancies. The Sarbanes-Oxley Act of 2002 (SOX) was named after Senator Paul Sarbanes and Michael Oxley. The Act has 11 titles and there are about six areas that are considered very important. (Sox, 2006) The Sarbanes-Oxley Act of 2002 made publicly traded United States companies create internal controls. The SOX act is mandatory, all companies must comply. These controls maybe costly, but they have indentified areas within companies that need to be protected. It also showed some companies areas that had unnecessary repeated practices. It has given investors a sense of confidence in companies that have complied with the SOX act. The SOX act section 404 requires that the auditor assess the company’s management of internal controls and report on it. The act requires that a company include a copy of the internal controls in the year end annual report. All financial statements must be certified by a company’s management. (Coustan, 2004) A company that announces deficiencies in its internal control will more than likely have a fall in their stock prices. Investors will not trust that company’s financial information. The investors know that the company will be hit with fines for not complying with the regulations. No honest investor wants to be involved with a company that defies the government. There are some limitations of internal controls. One is a person knowing the system. This person knows when everything is done and how it is done he or she can find a loophole and use it to his or her advantage. Another limitation is... ...l. If a transaction is missing or the cash on hand is not adding up management should be notified. Even though internal controls do not always work, every entity that has workers should have internal controls. Internal controls protect entities from dishonest workers. Internal controls are a series of checks and balances. The Sarbanes-Oxley Act of 2002 was needed to gain control of accounting improprieties. Dishonest accounting has cost company employees millions of dollars in retirement funds. It has also cost investors millions of dollars. Works Cited A Guide to the Sarbanes-Oxley Act of 2002 (2006). Retrieved December 16, 2009 from www.soxlaw.com Coustan, H., Leinicke, L.M., & Rexroad, W.M., Ostrosky, J.A. (2004). Sorbanes-Oxley What it means to the marketplace. Journal of Accountancy. Retrieved December 17, 2009 from www.journalofaccountancy.com

Massacre At Mystic

English Puritans assembled an alliance. They all had one goal; eradicate the most powerful tribe in southern New England, The Opaque Tribe. They began conflicting over property, warfare, division of labor and nature. The English thought the Puritan men were lazy because the women did all the cooking and gardening. The alliance made a deal to not harm women or children. On that night, the group, led by John Mason, snuck to the Opaque village, with the Intent to kill the men.The Opaque forces were too strong. The puritans then decided to burn the village, with the Bouquets Inside. Hundreds of Bouquets were killed, as well as some Englishmen, others were sold Into slavery. This, In turn, harmed the elderly, men, women, and children. The massacre was a tragic event that had forever changed America for the natives. The English believed that the only way of life, was their way of life. Their goal was western expansion. The Natives, unfortunately for the English, controlled all of the weste rn land. Puritans manipulated native enemies into killing one another.A systematic idea of killing all Bouquets began only a few weeks later. As a result, the Opaque tribe was considered extinct, even though little remained. The English hoped the few remaining would forget their ways. The Narragansett Tribe, approximately eighty years later, was destroyed in the King Philips War. The final Bouquets reemerged in Connecticut on a reservation appointed by the government. The land was difficult for survival due to insufficient soil and many other factors. Their reservation became smaller and smaller as the English began to take the land for arsenal use or for money.The Puritans goal of wiping out the Opaque Tribe was almost a success. Nearly three hundred years later, only three Opaque remained. They were all elderly women, living alone on the reservation. The women intended to restore the native tribe. Eventually, the land was returned to the Opaque group. The reservation was considere d a separate country from the United States. No taxes were enforced, in fact, none were created at all. There was a government and police force established. Enhancement Opaque Museum is a museum that tells of all the vents the occurred in the history of the tribe.The Pesto's main source of prosperity was the casino they built. It Is still, to this day, the largest casino In the United States. Nevertheless the Opaque Tribe still engages In the same rituals and old traditions practiced before the massacre. They still condemned mistrust and suspicion since the massacre. As of today the Opaque Tribe Is still considered nonexistent. Although some do not consider the Opaque as an active tribe, It Is notorious for their great recovery of the ancient ways and legends of the group.The Puritans we not effected by their expedition because they were under the Impression they were doing good. The tragic event eventually caused prosperity although many lives were taken. If the Puritans had not do ne this though, America would be a completely different place. The incident did, in fact, change American history and America today. BY Ian-11234 On May 26th, 1637, a group of Narragansett and Monica Native Americans along led by John Mason, snuck to the Opaque village, with the intent to kill the men. The the Bouquets inside.Hundreds of Bouquets were killed, as well as some Englishmen, others were sold into slavery. This, in turn, harmed the elderly, men, women, and prosperity was the casino they built. It is still, to this day, the largest casino in the United States. Nevertheless the Opaque Tribe still engages in the same rituals and suspicion since the massacre. As of today the Opaque Tribe is still considered nonexistent. Although some do not consider the Opaque as an active tribe, it is Puritans we not effected by their expedition because they were under the impression

Similarities Between Men and Women

Sociology of Women October 18th, 2012 Are men and women more similar or different from each other? What are the strengths and weaknesses of each position? If not a gender dichotomy (male/female), then what? Can we unlearn, as a culture, the ins and outs of gender? Is gender a question of exclusion or is it a question of difference? Women and Men are more similar than people believe them to be. People focus on the evident physical differences we see on a daily basis in men and women.Women are commonly described to have breasts, a vagina, and are considered more â€Å"voluptuous† or curvy than men, Whereas men are known for their manly tools, their penis, and all the preconceived social and cultural notions that go along with that. However, aside from these minor physical differences men and women are innately the same. Although most people do not realize this, the only legitimate difference that is scientifically proven between men and women is that a woman’s body contai ns two X chromosomes and a man’s contains an X and Y chromosome (Connell, 2012, pg. 1). This biological difference then allows a woman’s body to develop slightly differently to enable reproduction, such as a womb, breasts, and wider pelvis. A man then develops testes but surprisingly both men and women’s genitals come from the same embryonic tissue. In other words biologically a penis and clitoris, scrotum and labia, come from the exact same starting place, and until people age these physical characteristics aren’t drastically visibly different (Connell, 2012, pg. 52).One of the most ridiculous arguments about the differences between men and women comes back to our hormones. Many people are taught the differences between men and women throughout popular culture and education but not similarities. We are taught that our gendered bodies do not share any of the same physical characteristics. Men should be buff, taller, and able to do more in terms of strengt h while women should be graceful, dainty, caregivers that are objects to look at. Most people are unaware of all the commonalities that men and women share.In fact our hormones function in the same ways, and there are not â€Å"male† or â€Å"female† hormones. The difference is the levels and patterns our hormones take on. Men generally have higher levels of androgens such as testosterone whereas women have higher levels of reproductive organs at certain points. What most people are unaware of is that the same reproductive hormones present in women also work in men to enable the process of sperm production (Women's Studies Collective, 2005, pg. 87). There is a huge overlap in the levels and process our bodies take on.As explained in the text, â€Å"Even in early adulthood the physical characteristics of males and females as a group overlap extensively† (Connell, 2009, pg. 52). Height is used as an example, because adult men are generally slightly taller than adu lt women, but the variety of heights within each biological group is large, in relation to the average difference. Many argue that the build of a man and a woman are completely different. It is true that men on average grow about 10 to 15 percent larger than females and tend to have more upper body strength, but in comparison to other mammals the margin is slim.Universities across the United States are providing new research that suggests it was similarities among men and women of our early ancestors, not differences which helped early humans evolve to become the dominant species that we are. To understand the similarities of men and women you must understand that sex is a biological categorization based primarily on reproductive potential, whereas gender is the social elaboration of biological sex. Not surprisingly, social norms for heterosexual coupling and care of any resulting children are closely intertwined with gender.But that is far from the full story. Gender builds on biol ogical sex, but it exaggerates biological difference, and it carries biological difference into domains in the world which it is completely irrelevant. There is no biological reason, for example, why women should take more delicate roles in the world and men should dominate in society, or why women should have red toenails and men should not, but as we consider sex as biological and gender as social, this difference is not clear-cut.Men and women require the same types of emotional and physical care from the time of birth to adulthood, in order to remain healthy and functioning members of society. Both male and female brains are exactly the same. An argument that is commonly seen about the male and female brain is that on average a man’s brains grows for a bit longer and are a bit larger than females, but aside from the slight size difference both a male and females brain can function the same way. Size does not relate to function. Both men and women go through life trying to fulfill a desire to have emotional connections with others.Whether these are positive or negative emotional connections based on the persons experiences, men and women still try to fulfill the same voids. Men and women also require the same physical care from birth to adulthood. Both men and women need to be physically cared for in order to survive. Men and women both require the basic needs to have food, water, shelter, and personal hygiene in order to maintain their health. Without one of these things either sex could die. This is explained clearly is Abraham Maslow’s Hierarchy of Needs which explains that you satisfy your biological needs before your personal and social needs.According to Maslow, when it comes to satisfying your needs, you begin at the bottom of the needs hierarchy, with physiological needs, and then work your way toward the top. Every level on Maslow’s Hierarchy of Needs explains needs that both men and women require such as Level 1-Physiological needs: Food, water, sex, and sleep, Level 2-Safety needs: Protection from harm, Level 3- Love and belonging needs: Affiliation with others and acceptance by others, Level 4-Esteem needs: Achievement, competency, gaining approval and recognition, Level 5- Self-actualization: Fulfillment of one’s unique potential (Plotnik ; Kouyoumdjian, 2011, pg. 33). Another huge argument regarding the differences between men and women is sexual behaviors and urges. However, it is becoming more obvious that both men and women have the same sexual desires and urges and it’s becoming more socially acceptable for both man and woman to engage in these behaviors in Western Society. In previous times men were described to have more sexual urges and behaviors than women which excused them from any promiscuous behavior they engaged in. However, if a woman chose to do similar things she ould be shunned and looked down upon because she was being â€Å"too promiscuous† or a â€Å"whore. à ¢â‚¬  Reality is that both men and women have very complex sexual lives, with few major differences. Often time’s differences are seen across sexes because of societal and cultural beliefs within that community. If a woman having sex with more than one partner is considered a sin and dirty in many cultures these instances are kept quiet to keep order. The same goes with a man, but often only men’s sexual tales are spoken of as less sinful.Society proves time and time again to be sexual biased on what is acceptable for men and women. Men and women are both simply results of societal and cultural upbringing. A woman in a Western society versus a Middle-Eastern society would behave differently due to family, beliefs, values, and Religion. Strengths for a man versus a woman are based on personal beliefs. I think that both men and women have too many similarities to not be considered equal, but there are not enough strong-willed women such as myself with the same thought p rocess.Western culture presents men as stronger physically, and ultimately the bread winner, where a woman is considered a caregiver, and delicate. It’s very hard to explain the strengths and weaknesses of two different sexes that are innately the same. A dichotomy is any splitting of a whole into exactly two non-overlapping parts, meaning a gender dichotomy is a procedure in which biological sex is divided into two parts, male and female. Societies around the world use a gender dichotomy to keep order and help better organize and understand sex and gender.Although with how much evidence there is on both man and woman overlapping we have no use for a gender dichotomy, and yet society remains the same to keep gender in order. With the elimination of a gender dichotomy society may eventually be able to see both man and woman as equal, but truth is we are still so far from that. In order to eliminate the separation of biological sex into two parts people would need to unlearn wh at they know about gender, which is far from happening. As a culture to unlearn something mass groups of people need to step forward with new information proving the previous to be wrong.However, feminism is still a growing movement with small numbers, and in order to make social change, sadly enough, we need large numbers of people to explain the facts. If people understood the real depths of feminism and what it entails in a positive way, The Feminist movement could help move forward how people view men and women as more similar than different. Human beings are like sponges for knowledge, and are able to obtain new information to help remove the old, so I am not saying that it is impossible to unlearn the ins and outs of gender, I am simply saying that as most progression does, it will take time.References Connell, R. (2012). Short introductions gender. (2nd ed. , pg. 50-71). Massachusetts, USA: Polity Press. Women's Studies Collective, H. C. (2005). Women's Realities, Women's Cho ices- An Introduction to Women's Studies. (3rd ed. , pg. 85-87). New York, New York: Oxford University Press. Plotnik, R. , ; Kouyoumdjian, H. (2011). Introduction to Psychology. (9th ed. , p. 333). Belmont, CA, USA: Wadsworth- Cengage Learning.

Dustin Hoffman essays

Dustin Hoffman essays After watching several of Dustin Hoffman's films, I have concluded that he is a great actor with a lot of talent. He can play a lot of different types of roles and characters. His acting is very convincing. The film's I've watched starring Dustin Hoffman are:  ¡The Graduate, ¡  ¡ Little Big Man, ¡  ¡Kramer Vs. Kramer, ¡  ¡Tootsie, ¡ and  ¡Rainman. ¡ The first film I watched was  ¡The Graduate. ¡ I thought that this film was absolutely hilarious, but I'll try not to talk less about the films and more about Hoffman's performances. He played a young man named Benjamin who has just graduated college, but has no ambition and doesn't make his own decisions. Everyone around him tells him what to do. Benjamin is usually a pretty quiet and shy person and Dustin Hoffman plays this character well. It seems like he has this blank look on his face throughout the whole film. This was one of my two favorite films he did. The second film I watched was  ¡Little Big Man. ¡ It was hard for me to really look at Hoffman's performance because I didn't like his character. At first I thought that the producer of that film had casted the wrong actor but after watching more of the film I changed my mind. His character in this movie was probably difficult to act because of the events that took place in the film. His character's personality and surroundings changed so much. One minute Hoffman's character is a white Indian and the next he's a I thought that the role that Hoffman played in  ¡Kramer Vs. Kramer ¡ was fairly simple, however it showed how he could play diverse roles in different movies. In this film he played a father who's wife left him and his son but then returns and attempts to obtain custody of their eight- year-old son. Hoffman shows how he can act his emotions in this movie. I was convinced that he probably is a father....

Introduction to Gross Domestic Product

Introduction to Gross Domestic Product In order to analyze the health of an economy or examine economic growth, its necessary to have a way to measure the size of an economy. Economists usually measure the size of an economy by the amount of stuff it produces. This makes sense in a lot of ways, mainly because an economys output in a given period of time is equal to the economys income, and the economys level of income is one of the main determinants of its standard of living and societal welfare. It may seem strange that output, income, and expenditure (on domestic goods) in an economy are all the same quantity, but this observation is simply the result of the fact that there is both a buying and a selling side to every economic transaction. For example, if an individual bakes a loaf of bread and sells it for $3, he has created $3 of output and made $3 in income. Similarly, the buyer of the loaf of bread spent $3, which counts in the expenditure column. The equivalence between overall output, income and expenditure is simply a result of this principle aggregated over all of the goods and services in an economy. Economists measure these quantities using the concept of Gross Domestic Product. Gross domestic product, commonly referred to as GDP, is the market value of all final goods and services produced within a country in a given period of time. Its important to understand precisely what this means, so its worth giving some thought to each of the definitions components: GDP Uses Market Value Its pretty easy to see that it doesnt make sense to count an orange the same in GDP as a television, nor does it make sense to count the television the same as a car. The GDP calculation accounts for this by adding up the market value of each good or service rather than adding up the quantities of the goods and services directly. Although adding up market values solves an important problem, it can also create other calculation problems. One problem arises when prices change over time since the basic GDP measure doesnt make it clear whether changes are due to actual changes in output or just changes in prices. (The concept of real GDP is an attempt to account for this, however.) Other problems can arise when new goods enter the market or when technology developments make goods both higher quality and less expensive. GDP Counts Market Transactions Only In order to have a market value for a good or service, that good or service has to be bought and sold in a legitimate market. Therefore, only goods and services that are bought and sold in markets count in GDP, even though there may be a lot of other work being done and output being created. For example, goods and services produced and consumed within a household dont count in GDP, even though they would count if the goods and services were brought to the marketplace. In addition, goods and services transacted in illegal or otherwise illegitimate markets dont count in GDP. GDP Only Counts Final Goods There are many steps that go into the production of virtually any good or service. Even with an item as simple as a $3 loaf of bread, for example, the price of the wheat used for the bread is perhaps 10 cents, the wholesale price of the bread is maybe $1.50, and so on. Since all of these steps were used to create something that was sold to the consumer for $3, there would be a lot of double counting if the prices of all of the intermediate goods were added into GDP. Therefore, goods and services are only added into GDP when they have reached their final point of sale, whether that point is a business or a consumer. An alternate method of calculating GDP is to add up the value added at each stage in the production process. In the simplified bread example above, the wheat grower would add 10 cents to GDP, the baker would add the difference between the 10 cents of the value of his input and the $1.50 value of his output, and the retailer would add the difference between the $1.50 wholesale price and the $3 price to the end consumer. Its probably not surprising that the sum of these amounts equals the $3 price of the final bread. GDP Counts Goods at the Time They Are Produced GDP counts the value of goods and services at the time they are produced, not necessarily when they are officially sold or resold. This has two implications. First, the value of used goods that are resold doesnt count in GDP, though a value-added service associated with reselling the good would be counted in GDP. Second, goods that are produced but not sold are viewed as being purchased by the producer as inventory and thus counted in GDP when they are produced. GDP Counts Production Within an Economy's Borders The most notable recent change in measuring an economys income is the switch from using gross national product to using Gross Domestic Product. In contrast to gross national product, which counts the output of all of an economys citizens, Gross Domestic Product counts all output that is created within the borders of the economy regardless of who produced it. GDP Is Measured Over a Specific Period of Time Gross Domestic Product is defined over a specific period of time, whether it be a month, a quarter, or a year. Its important to keep in mind that, while the level of income is certainly important to the health of an economy, its not the only thing that matters. Wealth and assets, for example, also have a significant effect on the standard of living, since people not only buy new goods and services but also get enjoyment from using the goods that they already own.

Exhibit Advertisement Essay Example | Topics and Well Written Essays - 500 words

Exhibit Advertisement - Essay Example At the other hand you will experience the unbelievably creative art works from Japan. The time that you will spend in our museum will be the time you will enjoy the treasures of Chinese calligraphy and painting at the best. This exhibition will include colossal bronze images of deities, fantastic ritual vessels, lively human figures, exquisite jades and spirited ceramic sculptures recurring the late phase of Sanxingdui culture (13th–11th century B.C.) to the Han dynasty (3rd century B.C.–3rd century A.D.). Also, we will display the most famous Chinese paper cuts, flower art, calligraphy, scroll paintings and ivory art form that have been the center of attraction of art lovers for decades. (Anonymous, 2002). Your visit to our museum’s Japanese art exhibition will be an unforgettable experience as you will be presented with an introduction to the Museums full range of Japanese art, from the Neolithic to the modern. It will highlight Buddhist and Shinto ritual objects, secular art in a wide variety of media, prints, screens and paintings Art is really important for the study of history because the objects formed up by man show us how humans were reacting to the world around them. When studying different art histories, we learn a lot of things about the cultures, social values, religions, languages, general philosophies and beliefs of the people with whom that art is related to. This exhibition will provide rare access to a previously unknown artistic and cultural tradition along with an opportunity to reexamine the early phases of Chinese and Japanese

Small Scales Industries in Developing Nations Essay

Small Scales Industries in Developing Nations - Essay Example The United States, and many other countries developed so far, have explored all channels in ensuring that their nations depends solely not on foreign goods entirely, but created many avenues for since many years have developed in all sector of the economy and thus have less dependence on other nation in terms of importing large items, but their Industries of different calibers were put into rapid development. This nation's that developed in terms of Industrialization have begun since many years through establishing Small Scales Industries, and thereafter the transformed these Industries to modern and highly advanced ones with modern innovations and technicalities. These positive approached they attached to Small Scales Industries has made their nations economically advanced indeed. Japan is yet another country which in many years back was among countries that were having Small Scales Industries. However, in recent years, the country has achieved very significantly toward the transformations of its Industrial sector from Small Scales, to developed industrialized nation. But what is the historical concept of Small Scale Industri... Why for many years Small Scale Industries in developing nations could not yield positive results What are their constraints Why Small Scale Industries in developing nations instead of having being increasing in numbers but always reducing in numbers as a result of closures Who is to blame, the government of these countries, experts, or elites How the problems facing Small Scale Industries in developing nations can be solved And how can these Industries be transformed to developed ones These and other questions will be answered in this research. Methodology: This will include a collection of theories, concepts and ideas on how the Small Scale Industries are established in developing nations, with compares with those in developed nations. These include scholarly written in books, articles, journals and many other related field which can bring out the authentic facts on the subject matter. Most of the research materials will be found in search machine, where books, journals, interviews, articles and features can also be found. ABOUT SMALL SCALE INDUSTRY IN DEVELOPING NATION Definition: (Sarbajeet K. Sen) "A small-scale industry has been defined as those units that have investment in plant and machinery of up to" (Sarbajeet K. Sen) "Under the medium-scale sector would enable the Government and other authorities to work out definite plans for funding and promoting the industries falling under the category and nurturing them to grow into stronger and larger entities in the long run". "Developing Country Entrepreneurs need small scale industries to drive their development. The USA, the greatest industrial nation in the world, began its development with horse power, water power and low tech equipment, often made within the