Developing Conceptual Framework in Accounting

Developing Conceptual Framework in Accounting Accounting is playing an important role in nowadays society. It provides financial information to the user to make business decision. However, accountants have to follow accounting standards when they are providing the information. We may question what the principle of those standards is. Financial accounting theory was created as the principle in making standards, and conceptual framework for accounting built up. This essay is going to talk about whether developing a conceptual framework is an impossible possibility. In order to talk about this, I am going through some history of accounting, the definition and compare the conceptual framework under different standards. Accounting was created for thousands years ago. It dates back more than 7,000 years which is the time of ancient Babylon, Assyris and Sumeria. (Friedlob, G. Thomas Plewa, Franklin James, 1996) At that time, people did accounting for their personal need. With the change of the times, accounting no longer work for personal need. People need common standards for stakeholders to use when making decisions. Countries built up Generally Accepted Accounting Principles (GAAP) to set up rules for accountants to do accounting. When the business is becoming bigger, people find out that it is hard to understand other countries accounting report. People need international standards, so some international standards come out, Such as International Financial Reporting Standards (IFRS) and Financial Reporting Standards (FRS). They are built by International Accounting Standards Board (IASB), Financial Accounting Standards Board (FASB) and Accounting Standards Board (ASB). When standard-setters were making standards, they considered about accounting theories. Geoffrey (2007) stated out that three main approaches which are used to create current accounting theories: The empirical inductive approach. This consists of distillation of theoretical principles from accounting practice. The deductive approach. This is the logical derivation of theoretical principles by deduction from assumptions. The new empiricism based on positivism, derived from the Chicago school of economics. This regards theories as worthwhile only if they are testable against empirical evidence. à ¯Ã‚ ¼Ã‹â€ 2007à ¯Ã‚ ¼Ã¢â‚¬ ° Financial accounting theories were made in these three steps in present day. In 1976, FASB defined financial accounting theories as A coherent system of interrelated objectives and fundamentals that can lead to consistent standards. According to Elliot (2004), accounting is a mean which used to recording, classifying and summarizing financial activities which include cash flow, transactions and events. It means accounting is really important for users to analyse a company, such as shareholders, investors and employee. For example, investors want to invest a company. They need to know whether a company is good to invest, so they come to accountants and get the financial report. Without accounting standards, they may feel difficult in reading those reports. For this reason, accounting standards are necessary. To make accounting standards, the conceptual framework of accounting will be need. Carsberg (1984) described that conceptual framework of accounting is used to provide general support and improve the consistency of financial standards. It can reduce the cost of making the standards by helping the standard-setters on what information should be included and how the information should be displayed. It shows conceptual framework of accounting is necessary in making accounting standards. Conceptual framework set up the principle of accounting, so it improved the consistency of financial report and is beneficial to users in analysing the report. Furthermore, à ¢Ã¢â€š ¬Ã‚ ¦conceptual framework should be viewed as a kind of gyrocompass to help us in navigating our way through the self-interest and contending ideologies that always surrounded debate about regulation. (Edwards, 1981, p. 439) Based on this, Conceptual framework should work as guidance in making accounting standards. In 1975, The Corporate Report was the one of the reports which is about conceptual framework in the early stage. Our subject is, in essence, the fundamental aims of published financial reports and the means by which these aims can be achieved. (ASSC, 1975) The report shows the way how financial report should display the financial information. It provided structure for the following standards. In 2004, IASB/FASB started a project in developing a common conceptual framework for financial report. (Murphy, 2012, p.1) In 2006, it comes out some information about the framework. For example, it listed some user groups, such as entity investors, creditors, suppliers. In 2008, more information came out. In 2010, a recent version- Conceptual Framework for Financial Reporting Chapter 1: The Objective of General Purpose Financial Reporting (IASB/FASB, 2010) was released. In this chapter, the efficiency and effectiveness of the entitys management and governing board in discharging their responsibilities to use the entitys resources is included. (IASB/FASB, 2010, para. OB4) In 2012, the IASB discussed how to restart the project on the conceptual framework. This time they believe the framework should focus on elements of financial statements, measurement, reporting entity, presentation and disclosure. (Peter Alan, 2012) The project of developing a common conceptual framework is so comp licated that IASB/FASB took lots of time to do it. Though it is still not complete, we know that it is becoming deeper from identify the users group to the elements of financial report. Statements of Standard Accounting Practice (SSAP) 2 (1971) gave out a conceptual framework of accounting before others. It was replaced by FRS 18 in year 2000. It showed that: Accounting policies assist in this process by providing a framework within which elements of financial statements, such as assets and liabilities, are recognized, measured and presented. They enhance the comparability of financial statements by helping to ensure that similar transactions are reflected in similar way.(ASB, 2000) It provided a way for how the financial standards should be defined and gives out a way for conceptual framework in how it should develop. From the recent standard in FRS, we see that the framework is completing. For example, FRS 30 is setting out the definition of Heritage Assets. A tangible asset with historical, artistic, scientific, technological, geophysical or environmental qualities that is held and maintained principally for its contribution to knowledge and culture. (ASB, 2009) From above, IASB and FASB which are from United States focus more on the methods on how to disclose the financial information. On the other hand, FRS which is used in United Kingdom put more time in building up the definition of building blocks of financial statements. The aspects they concern about are a part of the conceptual framework of accounting. To evaluate the statement, we need to look into the statement. Developing a conceptual framework is an impossible possibility We can go through the process of induction which is Observations-Laws/theories-Prediction. This is similar to the work of Geoffrey (2007) which I have mentioned. From observed IFRS and FRS, we may say that developing a conceptual framework is possible. It is the theory we get from the work have done. Then we come to prediction. We need to find out a fact that against our theory. If there are no such of fact, we may say that it is possible to build up a conceptual framework. We can also analyse it from the sources of knowledge. It includes perception, introspection, memory, intuition, testimony and so on. Through perception, the statement is not right. From above, we know that conceptual framework is made by IASB, FASB and other else. Although they are not perfect, they are rudiment and developing. When reading this statement with introspection, it cannot be an impossible job. Conceptual framework works as a guidance of accounting. It cannot be impossible to create guidance. In memory, since I learn about accounting standards, I consider the standards are made with invisible rules which I recently think it is the framework of accounting. From intuition, developing a conceptual framework may cost lots of time and difficult to complete, for it need to be agreed by different accounting facilities. Once it complete, it will benefit a lot in making accounting standards. Come to testimony, the people who agree with the statement may argue that some definitions of conceptual framework are still fuzzy, such as true and fair view. As I have said above, nowadays conceptual frameworks are rudiment. It is too early to assert that it is impossible to develop a conceptual framework. However, there are some evidences for the statement. Some parts of conceptual framework are based on fallacy. For example, Rayman (2007) has talked about IASB and FASB built their conceptual framework on the present value fallacy. In the IASB/FASB project, the income was showed: That definition of income is grounded in a theory prevalent in economics: that an entitys income can be objectively determined from the change in its wealth plus what it consumed during a period.(Hicks, 1946, pp. 178-179) (Bullen and Crook, 2005, p. 7; cf. Joint Working Group of Standard Setters, 2000, p. 233) This is similar to the work of Sterling (1970) which was provided as fallacy. There is general agreement on the definition of income among the various schools of thought: Income is the difference between wealth at two points in time plus consumption during the period. The problem centers around the method of determining the wealth or well-offness. (Sterling, 1970, p. 19) It looks like there are some mistakes in building the conceptual framework of accounting, but it is also one of the reasons for IASB/FASB to keep improving IFRS. Another evidence for the statement is True and Fair view. It does not have a clear rule or law for this. It works more like an invisible rule. When accountants making financial report, they should make those report bases on true and fair view. There is nothing specific when we look into the view. It depends on accountants culture and faith. Back to the statement I talked about, I think it is still too early to say that developing a conceptual framework is an impossible job. Though it used fallacy in the process of building the framework, it still in the middle of completing. We should give hope to it, for it is so important in making financial standards. In conclusion, the conceptual framework of accounting is vital. From the definition, we can see that the framework will help a lot in building financial standards which will benefit the users in making financial decision. Comparing different standards which are used in present day, we find out that they are still not perfect. At the meantime, there are some problems in the standards. Even though, it is still not good to conclude that it is impossible to come out a conceptual framework of accounting. I believe the conceptual framework of accounting will finally come out in the future.

Are Cell Phones Necessary in Teen’s Lives? Essay

I believe that cell phones are necessary in teen’s lives for the following three reasons. Firstly, they are a good social way to keep in contact with friends and family. Secondly, they are a fast and easy emergency resource. Thirdly, cell phones are an easy way to access the internet and they are entertainment to teens. Firstly, I believe that cell phones are a good social way to keep in contact with friends and family for the following three reasons. A lot of teen’s need to keep in touch with their family and friends so they can know whether or not they have anything after school. Having a cell phone makes it easy for teen’s to talk to their friends and family on any day at any time. Lastly, if there is a sudden change with any plans they have, having a cell phone makes it easy to keep in contact. Therefore, for those reasons I believe cell phones are necessary in teens lives. Secondly, I believe that cell phones are a fast and easy emergency resource for teens for the following three reasons. One of the reasons is if there is an emergency at home if is easy to get in contact with their kids. Another reason is sometime when teenagers are walking home alone and they feel as if they were being followed they sometimes pretend to act as if they were on talking to someone. Lastly, sometimes teenagers leave their school work at home they can easily text or call their parents and get them to bring their project to them. Therefore, for those reasons I believe cell phones are necessary in teen’s lives. Lastly, I believe that cell phone are an easy way to access internet and are entertainment for teens. One of the reasons is that cell phones have easy access to social networking sites. Sites like Facebook and Twitter can be used very accessible anywhere you go. Another reason is most phones have an application world, which allows them to pick from thousands of different applications to customize their phone. Lastly, with Wifi you can use the internet to go on any site at any time. Therefore, that is another reason why I believe cell phones are necessary in teens lives. In conclusion, I believe that cell phones are necessary in teen’s lives for the following three reasons. Firstly, they are a good social way to keep in contact with friends and family. Secondly, they are a fast and easy emergency resource. Thirdly, cell phones are an easy way to access the internet and they are entertainment to teens.

What Is It To Be A Reflective Teacher Education Essay

Student instructors should non be trained merely to execute accomplishments in certain prescribed ways but, must hold the mental tools to work on professional undertakings to be adaptable and critical to cognize, resourceful, and originative ( Howey & A ; Strom, 1987 ) . Student instructors should be coached in brooding pattern and given greater independency in determination devising, as they can larn to pattern these critical accomplishments and take duty for their determinations, successes, and failures in order to develop into a professional instructor ( Becker 1962 ; Schon, 1984 ) . Therefore, it is of import to be recognised as a professional because: it recognizes the world of mundane life in the schoolroom as a instructor ( See Appendix 1, 2 and 7 ) Teacher as a professional: It is of import to see the graduated table of which instructors are considered professionals. The standard attack of Hoyle and John ( 1995 ) leads to a figure of characteristics that the signifiers the step of an business to be regarded as a professional, such as the definition of a profession in relation to its societal map centre, high accomplishment set and independent decision-making and adaptability, etc. In conformity with Hoyle and John ( 1995 ) , these steps are systematically demonstrated in learning patterns and are embedded as portion of the instruction criterions, ( See Appendix 1, 2 and 4 ) . It is of import to acknowledge that our cognition and apprehension of the countries can alter dramatically over clip. This determines its professional credibleness. This explains why some businesss now recognized as a professional, were non granted this acknowledgment in the yesteryear. For illustration, the complexness of the human organic structure was non known or understood until late. Simple solutions such as shed blooding patients for febrility, were used, and the limited cognition at the clip, appeared to â€Å" work † . Similarly, the simple position of instruction and acquisition, and the simple techniques, such as penalty, are applied and perceived as â€Å" working † . Just over a century physicians were non so different from members of other industries, and merely a little better than the therapist ( Berliner, 1987 ) . Medical instruction in Harvard, Massachusetts, dwelling of two semesters. The â€Å" art † of medical specialty is taught mostly †Å" on the occupation † . Presently, this is the instance with learning being taught â€Å" on the occupation † . Teachers are diffident to which class they belong to semi-professional, tradespersons or professional ( Burke, 1996 ) . As a consequence, they are frequently diffident of what they can truly inquire others such as, direction and ministerial organic structures or what demands other, such as parents, can do on them. Above all, they do non cognize what demands they should be doing of them. Expectations that a professional individual is considered appropriate for themselves are evidently different and more hard than a tradespersons ( Schon, 1984 ) . In add-on, when instructors are seen as professionals, they are cognizant that the quality of service that is expected of them, as they expect it to be from professionals for their demands, such as medical, attorneies ( Burke, 1996 ) . Etzioni ( 1969 ) preferred some professions to be classified as â€Å" semi-professionals. Harmonizing to him, the work twenty-four hours of a instructor is good regulated and capable to controls in countries, such as the demand for instructors to inform the parents about their kid ‘s advancement, school reviews and the publication of consequences of students in the rankings, to inform the independency of instructors. Therefore instructor can be seen as premier illustrations of semi-professionals. The Vision of Teacher as a professional allows broader parametric quantities for the entire development of instructors and learning. This should be an effectual manner to better self-image and promoting instructors to get the hang the basic accomplishments of instruction and supply a better service to pupils and parents. Teachers are, after all, do and implement determinations every twenty-four hours and every hr that traces the life and the hereafter of their students and the public assistance of their state, ( See Appendix 1 and 2 ; Downie, 1990 ) . The more you are cognizant of this fact and others, including the Department for Education, recognize and accept its deductions, the better the instruction will thrive ( See Appendix 5 ) . What is it to be a brooding instructor? In instruction, brooding pattern refers to the development of instructors to analyze their ain instruction methods and find what works best for pupils. It implies instructors consider the ethical deductions of schoolroom processs on the students ( Barbara, 2000 ) . The thought of contemplation in action is the hunt for experiences that connect with our feelings, and go toing our theories in usage. The instructor experiences surprise, perplexity, and confusion in a state of affairs that is unsure or alone. They reflect the state of affairs before them, and use old apprehensions that are already inexplicit in their behavior. The consequence is the building of new cognition to inform our actions in the state of affairs that unfolds before us ( Schon, 1984 ) . Contemplation on action is later carried out after the state of affairs. This may intend composing notes, things to speak to a caput instructor, etc. The act of contemplation on action allows us to pass clip researching why we acted as we did, and so on. Therefore, we developed a new series of inquiries and thoughts about our pattern ( See Appendix 3 and 7 ; Myers, 2011 ; Schon, 1984 ) . In this manner we can acquire involved with a state of affairs that we do non hold a complete apprehension but, hopefully, we can avoid large jobs, while â€Å" proving the Waterss † . When sing a state of affairs in which we are predisposed by and utilize our repertory and our frame of mention. As we work, we can convey fragments of memories and get down the building of edifice on our bing theories and appropriate responses to the new state of affairs ( See appendix 7 ; Myers, 2011 ) . Teachers in general, but possibly scientific discipline instructors in peculiar, have to confront new challenges all the clip in both what they teach ( because that is invariably developing and altering ) and how they teach it. This thought of reflection-in-action that was mentioned before where Schon ( 1984 ) identifies as being a more appropriate characteristic theoretical account for professionalism in times of alteration, requires instructors to take control of their professional acquisition and peculiarly to value the tacit cognition that they hold and which guides their schoolroom pattern. Becoming a professional scientific discipline instructor is non a instance of larning a predefined set of processs and a inactive organic structure of cognition ; it is about prosecuting with a dynamic and exciting topic and confronting the challenges of showing to pupils in an accessible manner. One of the positive facets of a scientific discipline instructor ‘s day-to-day life comes from working with others. Science instructors tend to work in sections. Indeed, there may be more contact and interaction between scientific discipline instructors than other capable specialisms, such as the demand to pass on with technicians on day-to-day footing to to the full fix a lesson, ( See Appendix 6 ) . Decision The art of brooding instruction must be personally fulfilling for instructors, but besides lead to a steady addition in the quality of instruction for kids. In fact, because it is evidence-based, brooding pattern in pupil instructors, freshly qualified instructors, staff and professionals with experience in meeting public presentation criterions and accomplishments. In the note, the construct of brooding instruction focal points on ends, values, and societal effects of instruction ( See appendix 7 ; Myers, 2011 ) .

Management of human resources

Management of human resources Introduction Sound recruitment and selection systems are more important than reward systems. The presence of qualified staff in business enterprises has a lot of benefits, with regard to increasing market share and growth, as well as maximizing on profits by organizations.Advertising We will write a custom essay sample on Management of human resources specifically for you for only $16.05 $11/page Learn More Innovation is a key factor to success for any businesses. It is essential that the human resource departments of all organizations pay close attention to the strategies that enhance innovation (Cohen, 2009, p. 8). This paper discusses reasons why sound recruitment and selection systems are more significant compared to reward systems. Recruitment and selection systems vs. reward systems Effective recruitment and selection of employees are instrumental to success of organizations, particularly in meeting their visions, missions, goals, and objectives (Wylie Jolly, 2013, p. 10). This can be achieved by integrating recruitment and selection systems. Poor recruitment and selection of workers can lead to increased costs (Gilmore Williams, 2012, p. 89). These costs include increasing labor turnover and lowering morale of the existing employees among other costs (Linz, 2004, p. 261). Hiring the right people for the right jobs can be a significant challenge without recruitment and selection systems (Carless, 2007, p. 155). Reward systems are not necessities in organizations, considering that there is no need of rewarding employees particularly when they perform poorly.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More For instance, the findings of survey data on recruitment and selection systems in the USA confirms that most established companies depend on these systems for improved performance or productivity (Piotrowski Armstrong, 2006, p. 489). Through interviewing HR managers of these companies, the researchers found that over 90% of 1000 organizations in the US integrate recruitment and selection systems. Most of them preferred having recruitment and selection systems over other systems including reward systems. Their simplicity also enables the management to monitor and adopt them easily through a continuous practice and experience (Gregory, Meade Thompson, 2013, p. 1950). In other words, employees must improve their workplace performance in order to be rewarded. To increase the rate of performance, human resource managers ensure that employees get trained and assigned jobs that they are good at, within their respective organizations (Hart, 2006, p. 263). As aforementioned, efficient recruitment and selection of employees helps organizations meet their strategic goals and objectives. Rewarding employees does not contribute to this achievement. The practice is an additional cost that organizations incur (Stern , 2011, p. 11). For instance, Bruce (2013) reports on Starbucks’ plan for its employees and customers during holidays. The company’s strategy of rewarding employees and customers frequently and making holiday gifts cheaper can be pleasing to them, but it affects the company in one way or the other. It is like an additional cost that the company will incur.Advertising We will write a custom essay sample on Management of human resources specifically for you for only $16.05 $11/page Learn More According to Howard Schultz (Starbucks CEO), the company has made that step as a positioning strategy to make customers and employees loyal to the company. It is way of making them feel that the company cares about them. I agree with him, but in the real sense, the company will incur costs. This clearly confirms that reward systems are not as important as recruitment and selection systems. It is recommendable that employees be rewarded after showing exempla ry improvements in their workplace. This should include changes that lead to higher sales, profits, and revenues. In reference to Gross and Friedman (2004), modern organizations utilize reward systems in influencing employees to support organizational culture. The authors discuss the importance of reward systems in regard to persuading, and influencing workers to support the goals and objectives of organizations (Gross Friedman, 2004, p. 10). However, the reward systems can only be more efficient in organizations, which employ the best recruitment and selection systems, than those that do not (Braddy, Meade Kroustalis, 2008, p. 2995). This confirms that recruitment and selection systems are more important in organizations than reward systems. Recruitment and selection systems enable human resource managers to examine and align employees with an organization’s culture and change (Thirty-One New Hires Come Aboard, 2008, p. 44). This enables workers to adopt and adhere to spec ifications of organizations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This helps them to focus and align their work with goals and objectives of companies (Khosla, Goonesekera, Chu, 2009, p. 1320). Rewards come after employees have shown their commitment to helping organizations achieve their visions and missions. Most of the U.S organizations value recruitment and selection systems. For instance, they use Web-based software systems to make in-house recruitment easy and friendly (Klaff, 2004, p. 78). Reward systems contribute to organizations incurring costs, but recruitment and selection systems help organizations acquire innovative staff, cut on costs and makes work efficient. Organizations also use recruitment and selection systems in attempts of developing innovations. Many organizations employ innovation strategies in their operations to gain a competitive advantage over their competitors (Shih, Huang Shyur, 2005, p. 1550). For instance, companies such as Microsoft, Google, Yahoo, Coca-Cola, and Pepsi-Cola use recruitment and selection systems to hire innovative workers (Wade, 2007, p. 10). These innovative workers contribute a lot to the success of these companies. These companies occupy large market share in their respective industries. The innovative staffs are instrumental to the companies’ high performances. For instance, Google uses recruitment and selection systems hire innovative staffs to help the company come up with creative innovations in technology. It is true that rewarding employees raises their morale in workplaces and leads to an improved workforce performance (Galanou, Georgakopoulos, Sotiropoulos Dimitris, 2011, p. 490). According to Wilson (2010), HR managers use sound reward systems to influence employees to accept transformations in organizations (Wilson, 2010, p. 91). However, this cannot compete with recruitment systems in helping organizations to become innovative. In most cases, companies reward employees who have worked for a long period, but not new employees (Parmalee, 2004, p. 11). Th erefore, it is obvious that reward schemes are not more important than recruitment and selection systems. The latter plays a significant role in making organizations innovative (Cooper Robertson, 2001, p. 184). Conclusion In conclusion, recruitment and selection systems are more important than reward systems. Sound reward systems help organizations to influence their staff to adopt organizational changes. It attracts and retains workers, as well as raises their morale in the workplace. However, the role played by recruitment and selection systems exceeds those of reward systems. For instance, it helps human resource managers to place employees in jobs that they perform best. Employees get trained and engaged in activities that correlate with the goals and objectives of organizations. Through sound recruitment and selection systems, organizations become innovative and hence gain a competitive advantage over their competitors. The recruitment and selection systems also enable human r esource managers to delegate duties to competent workers. This keeps the employees motivated and focused on meeting organizational goals and objectives. If an organization has the right people, working on the right jobs, it can easily expand in terms of growth, market share, and profits. The roles played by recruitment and selection systems are many, and more significant than those of reward schemes. List of References Braddy, P, Meade, A, Kroustalis, C 2008, Online recruiting: The effects of organizational familiarity, website usability, and website attractiveness on viewers’ impressions of organizations, Computers In Human Behavior, vol. 24, no. 6, pp. 2992-3001. Bruce, H 2013, Starbucks plan for holidays: Give you a way to save, USA Today, n.d. Carless, SA 2007, Graduate recruitment and selection in Australia, International Journal of Selection Assessment, vol. 15, no. 2, pp. 153-166. Cohen, E 2009, Innovative Recruiting- Targeting Passive Professionals, Power Engineerin g, 113, 10, pp. 8-10. Cooper, D, Robertson, IT 2001, Recruitment and selection: A framework for success Thomson Learning, London. Dahl, D 2009, Tapping the talent pool without drowning in resumà ©s, Inc, vol. 31, no. 3, pp. 121-122. Galanou, E, Georgakopoulos, G, Sotiropoulos, I, Dimitris, V 2011, The effect of reward system on job satisfaction in an organizational chart of four hierarchical levels: a qualitative study, International Journal Of Human Sciences, vol. 8, no. 1, pp. 484-519. Gilmore, S, Williams, S 2012, Human resource management, Oxford University Press, Oxford. Gregory, C, Meade, A, Thompson, L 2013, Understanding internet recruitment via signaling theory and the elaboration likelihood model, Computers in Human Behavior, vol. 29, no. 5, pp. 1949-1959. Gross, S, Friedman, H 2004, Creating an effective total reward strategy: holistic approach better supports business success, Benefits Quarterly, vol. 20, no. 3, pp. 7-12. Hart, KT 2006, Evaluating recruitment proce ss through Mystery Shops, Nursing Economic, vol. 24, no. 5, pp. 263-267. Khosla, R, Goonesekera, T, Chu, M 2009, Separating the wheat from the chaff: An intelligent sales recruitment and benchmarking system, Expert Systems with Applications, vol. 36, no. 2, pp. 3017-3027. Klaff, L 2004, New internal hiring systems reduce cost and boost morale, Workforce Management, vol. 83, no. 3, pp. 76-79. Linz, SJ 2004, Motivating Russian workers: analysis of age and gender differences, Journal Of Socio-Economics, vol. 33, no. 3, p. 261. Parmalee, PJ 2004, Industry outlook, Aviation Week Space Technology, vol. 161, no. 7, p. 11. Piotrowski, C, Armstrong, T 2006, Current recruitment and selection practices: A national survey of fortune 1000 firms, North American Journal Of Psychology, vol. 8, no. 3, pp. 489-496. Shih, H, Huang, L, Shyur, H 2005, Recruitment and selection processes through an effective GDSS, Computers Mathematics With Applications, vol. 50, no. 10-12, pp. 1543-1558. Stern, GM 2011, Virtual job fairs becoming more of a reality, Workforce Management, vol. 90, no. 2, p. 11. Thirty-One new hires come aboard 2008, Music Trades, vol. 156, no. 11, pp. 44-45. Wade, D 2007, Peptides Microsoft, Google, Yahoo, Coca-Cola, and Pepsi-Cola , Wade Research Foundation Reports, 4, 1, pp. 1-16. Wilson, FM 2010, Organizational behavior and work: A critical introduction, Oxford University Press, Oxford. Wylie, J, Jolly, A 2013, Understanding recruitment: outcomes associated with alternate methods for seed selection in respondent driven sampling, BMC Medical Research Methodology, vol. 13, no. 1, pp. 1-11.

A Practical Guide The 5 Best Ways to Save for College

A Practical Guide The 5 Best Ways to Save for College SAT / ACT Prep Online Guides and Tips So you want to be proactive and save for college. Maybe you’re a high school student who wants to build up a college fund for yourself, or maybe you’re a parent or family member who wants to save for a young loved one.No matter your situation, you’re taking a proactive step in making college a little bit more affordable. In this post, I’ll discuss the things you need to know in orderto build, keep, and grow college savings. We'll discuss the fivebest ways to save for college to lower student debt on graduation and take a load off your mind. First, though, I'll talk about the question you should be considering before you implement your savings plan: how much should you be putting away in the first place? Read on to find out! How Much Should You Save? As you might imagine, the answer to this question will be different for everyone. I'll talk about the costs of college, how they're expected to change, and some common savings goals before moving into the nitty-gritty of savings calculations. College is already pretty expensive, with costs varying based on factors like school type, financial need, and academic merit. On average, it costs about $45,000 to attend a private US college for one year, whilethe cost of attendance at an in-state public school averages about $23,000. You can read more about estimating your own expenses with our college cost guide. Although it'scurrently pricey to get a college education, expenses are only increasing year by year. If prices increase at a rate of 5% annually, the total cost of 4 years of college in 18 years could be: $237,000 at an in-state public university $464,000 at a private college or university These sticker prices are definitely intimidating, but it's important to keep in mind that most families aren't shelling out those total amounts in cash in order to pay for school. As of a few years ago, this wasthe average percentage breakdown of how families paid for college (according to the College Board): 5% contributions from relatives and friends 9% parent borrowing, like with a private or PLUS loan % student income and savings 18% student borrowing, like with a Direct loan or Perkins loan 27% parent income and savings 30% grants and scholarships like the Pell Grant Hopefully, this breakdown helps assuage any fears you may have about the process of paying for college. Although it isn't difficult to come up with a currentnet price estimate of college expenses, it may be challenging to do this for students who will attend college in 5, 10, or 15 years. According to one survey, most parents say they hope to pay at least half of their children's college expenses; in the following examples, I'll work with these figures and savings goals to show you how much, exactly, you should stash for the future. Calculating Savings Maybe the most tedious part of saving for college: figuring out what you're comfortable putting away. Ultimately, theamount you decide to save will depend on your family income and expenses. You don’t have to have four years’ worth of expenses (tuition, room, board, fees, etc.) saved up by the time your student’s 18, especially if your family has alower income and you expect toqualify for financial aid like the Pell Grant. It’s hard to predict what sort of aid you willget thatfar in the future, but you canstart with an estimate of what your family will have to pay out of pocketgiven current costs. Once you've come to a savings goal - let's say your full expected family contribution (net price) for convenience's sake - you can figure out how much to put away every pay period. Just divide your total expected contribution for fouryears of collegeby the number of pay periods until your child leaves for school. Here's a basic savings formula for how much you should save per month, assuming your money wouldn't be earning any gains or interest: Monthly savings = Total savings goal à · (Years until college x 12) Let's see how this looks in action: If you have a newborn baby, you'll have 18 years to save for college. You have the advantage of time on your side, but you also know that college costs will rise significantly over the next couple of decades. You estimate that thecost of attendance at a private college will cost about $460,000 by the time your child goes to school, and you want to save half that amount: $230,000. If you stashed your cash in a 0% interest account, you could save $230,000 in 18 years by setting aside $1065 a month If you stashed your money in an account with an average annual rate of return of 6%, you could save $230,000 in 18 years by setting aside $500 a month $500 a month is a lot more reasonable than $1065 a month, but it still may not be withinyour budget. What happens if you save less per month, over 18 years, in that same 6% yield account? If you save $100 a month, you would have $47,000 in 18 years If you save $250 a month, you would have $166,000 in 18 years Ultimately, any amount that you choose to put away will help empower your child (or yourself) to pay for college in the future. As you can see; however, you can grow your money much more effectively if you save early, save often, and save in an account with a high rate of return. Ways to Build Funds To students and parents alike: the earlier you start building a college fund, the better. Strategies for fundingcollege will vary based on who, exactly, is trying to save for school. Whether you're a parent or a student, you can start working on a funding source. For Parents It’s never too early to start a college fund for your future student. In fact, the earlier you start, the easier it will be to save a significant amount. Perhaps thebest way to save is to set aside a small percentage of your income every pay period. You canwithhold it and put it aside in a big chunk at the end of the year. Alternatively, you canhave a set amount or percentage automatically deposited in a separate account every pay period. The amount you choose to set aside will obviously depend on your income and family expenses. For Students There are many different ways for you to start building up a college fund for yourself. The more you save now, the less you may have to worry about your tuitionbills or student loan payments later. Student Jobs You can start working in many states at 14 or 15, which potentially givesyou 3-4 years to build up some savings for college. This isn’t the right choice for everybody - you shouldn’t put a job ahead of your studies or extracurricular activities - but it can be a good way to start putting money away for the future. Assume that you'll start off working part-time and at federal minimum wage - not super appealing, I know, but that'sthe unfortunate reality of getting a job as a teen. If you work full-time for twomonths during the summer (40 hours per week at $7.25 per hour), you could earn up to $2,320 before taxes. Do this for three summers during high school, and you could earn almost $7,000. That's a significant chunk of money, but it requires a lot of time and energy on your part. Starting early; however, could provide opportunities for advancement (i.e. salary raises) and work experience that may help you get a more appealing job once you're in college. Check out our article talking about when you should (or shouldn't) get a job as a student. Family Member Contributions Some students may be fortunate enough to have family members whoare willing to help with college expenses. If you’re still in high school but want to start building your college fund, ask family members for contributions in lieu of traditional gifts for birthdays or holidays. Scholarships You don’t have to wait until you’re accepted to college to start applying forscholarships. There are a lot of programs out there open to high school students, and some are open to even younger kids. To start your scholarship search, check out our posts on the top scholarship programs for high school juniors and high school seniors. Spend a few minutes researching scholarships in your area that may be eligible for. Even small scholarships add up if you’re diligent about applying broadly. Where to Keep Your Money Money may not grow on trees, but that doesn't mean it can't grow. Now that you have a plan for bringing in college money, you’ll need a plan for saving in a smart way. If you let your money just sit in a checking account or a low-interest savings account, you could be losing money due to inflation in the long run. Don’t let all your hard work go to waste! There’s no one right savings plan for everyone, but there are a lot of different options available, each with its own pros and cons. I’ll present them all here so you can pick one or more that may work for you. Savings Accounts You can open a savings account in a matter of minutes at any bank. If you're looking for something a little more specialized, check outCoverdell Education Savings Accounts - they're custodial accounts that are meant specifically for education costs. Pros If you put your money in a savings account, it'll beeasily accessible and very liquid. It's not difficult to find free accounts with no fees. Your money will grow, particularly if you find a high-interest account. Finally, savings accounts are very flexible, meaning anyone can open an account to use for any other person's education. Cons It can be tempting to dip into college savings if you have easy access to it. Any interest gains are taxable, but thatmay not matter too much at the moment because interest rates are so low - you probably won't be gaining much from interest. 529 Plans 529 plans are education-specific investment accounts - there are many different types of plans out there, so it might take a bit of research to find one that's a good fit. Pros Many 529 plans offer serious tax benefits: when used to cover educational expenses, any investment gains aren't taxed. Any adult can open an account and name any other individual as beneficiary, making the plans very flexible. There's a penalty for dipping into the account for non-education expenses, which hopefullyleads tosuccess in reaching savings goals. Finally, there are high lifetime contribution maximums (this depends on the state, but the maximums vary from 200k-400k). Cons If there's any sort of emergency and you need access to funds you've stashed in a 529 plan, you'll be charged a hefty penalty. The plans themselves often come with fees or other charges. Finally, because 529 plans are custodial investment accounts, they're not viable options for teens who want to save for college themselves. Other Investment Accounts There are other ways to invest college funds in the market besides 529 plans, including brokerage accounts and IRAs. Again, there are a lot of different options out there, so the most important thing is finding an account that works best foryour savings goals. Pros There are a lot of investment account options out there, so you havea lot of control in how you invest your money. Depending on the type of account you choose, your funds should also be more easily accessible than if they were in a 529 plan, which meansyou wouldn't have to pay a penalty for using the money for non-educational expenses. Cons Choosing and managing an investment account takes more workand initiative than just sticking your funds in a savings account. Any gains from an investment account without the benefits of a 529 will be subject to tax, which you may have to pay on top of account fees. You also have to be 18 to open an investment account, meaning teens can't save for college this way (at least not on their own). Finally, some investment accounts can be very volatile, which subjectsyour savingsto quite a bit of risk. CDs A CD is another type of savings account - you receive a certificate when you deposit your money for a specific length of time, at a specific interest rate. You can get your money + interest rate when your CD â€Å"matures,† after the designated time period ends. Pros Because your money isn't invested in the market, you don't have to worry about your savings losing value. CDs have better rates of returnthan many savings accounts when you choose a long-term CD, making them good options for parents with young kids. Cons CDs are more conservative options than most investment accounts,and as such, they tend toresult in lower rates of return over the long term. In reality, the rates of return barely keep up with inflation. Gains are subject to tax. Finally, because long-term CDs keep your money locked in for extended periods, they're not good options for students heading off to college in the near future. Trusts "Trust" is a pretty broad term, encompassing many different things. Essentially, a trust is a fund made up of different assets that are held and managed by someone (a trustee) for someone else (a beneficiary). It's possible to open a trust for the purpose of covering college expenses. Pros You can use trusts to minimize estate taxes (if you have to worry about that), get professional management of funds, and have total control over money if you’re saving it for a minor. Cons To open a trust, you generally need a pretty large lump sum - you can't just slowly contribute over time. They're also expensive to maintain and manage. Ultimately, they're probably best for wealthy families who already have trusts in the works for children or other beneficiaries. Overwhelmed By These Savings Strategies? This info should hopefully keep you grounded. Whether your child is heading off to college next year or 18 years from now, the thought of saving up enough money can be pretty daunting. This is a lot of information to take in, so here's a breakdown of simple steps you can take to get started with a successful college savings plan: You don't have to orchestrate some complicated strategy all at once in order to save for college. If you want to start saving but don't have time at the moment to research different savings or investment accounts, it's okay to put that stuff on the back burner. Justspend a few minutes opening a simple savings account at your current banking institution - that's all you have to do to open a dedicated college fund. Once you have more time, you can start looking at savings plans that will help you grow your money most effectively. You don't have to throw all your extra funds into college savings from Day 1.Managing a household budget is a delicate balancing act for many families. If you are ready to start a college savings plan, begin by putting aside 5% of your income. If that's too much (or too little), you can adjust as necessary. Remember, you can always contribute larger lump sums if you have extra funds available. If you don't meet some arbitrary savings goal, that doesn't mean you've failed. FewUS families can afford to cover all college expenses upfront, but any amount that you save up canhelp cut down on things like student debt and even stress over making payments. Fewer than half of all families with kids sock money away for college - you're already at an advantage by setting up a dedicated college fund. What's Next? Although it's important to have a college fund to cover large educational expenses, your personal savings arenot the only way to pay for college costs. Federal and institutional financial aid may cover a large fraction of these expenses, but only if you submit the right applications at the right time. Check out our guide to applying for financial aid for more information. Did you know that some schools offer much better financial aid packages than others? If you want an education for a bargain, learn more about the 27 colleges with the best financial aid programs. Finally, you may be interested in private scholarship programs to help bridge the gap between what you owe and what you can afford. Read more about the top scholarships out there for high school juniors and high school seniors. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Peter Berger's heretical imperative Essay Example | Topics and Well Written Essays - 1000 words

Peter Berger's heretical imperative - Essay Example According to Berger, pluralism presents the crisis into which modernity has exposed religion (Woodhead Heelas & Martin, 2001). Berger focuses on modernity and its implications on religion. The contemporary society is characterized by plurality of institutions, consciousness and choices, which yield uncertainty. According to Berger, pluralism is â€Å"a situation in which there is competition in the institutional ordering of comprehensive meanings of everyday life† (Oldmeadow, 2010, p.33). Because of uncertainty, there are unsteady, inconsistent and erratic plausibility structures, particularly those of religion. Berger argues that religion becomes a matter of choice, which he best refers to as a â€Å"heretical imperative† (heresy). According to Peter Berger, there are three contemporary responses to the crisis that modernity thrusts religion into, which include deduction, reduction as well as induction. Berger denounces deduction, which entails the reaffirmation of inf luence of a sacred ritual against secular authority (Esposito, Fasching & Lewis, 2011). He also rejects reductionism, which reinterprets a sacred ritual on the basis of secular authority. In rejecting the two responses, Berger supports the third approach, which is induction. His belief is that the crisis facing religion is a product of the sterile antithesis of neo-orthodoxy and secularism (Woodhead Heelas & Martin, 2001). He believes that by shunning both deductive and reductive approaches and adopting inductive approach, the crisis can be triumphed. Berger explores the relationship between human religion and world-building. The society is presented as dialectic because it is considered as a human invention. Man cannot exist without society and without man, society cannot exist. This exhibits the dialectic nature of the society. Berger argues that pluralism undermines stable belief (Berger, 1979). Pluralism is the cause of secularisation. According to Berger, the basic dialectic pr ocess of society entails three steps. These include externalisation, objectivation as well as internalisation. The three moments are crucial for effective comprehension of empirical dimension society. Externalisation refers to â€Å"the ongoing outpouring of human being into the world, both in the physical and the mental activity of men† (Berger, 1979, p. 4). Objectivation refers to the achievement by the products of man’s activity of an authenticity that faces its initial makers. Internalisation on the other hand, refers to men’s manipulation of reality, in which they change the reality into structures of objective and subjective consciousness. Externalisation is a prerequisite for anthropology. It deals with the biological development of man, where he interacts with extra-organic surrounding of both physical human worlds. Human being must create his own world. As such, the world-building activity does not qualify as a biological superfluous occurrence, but a d irect product of man’s biological composure. Man creates his own world through biological means. This human world is characterized by uncertainty unlike animals’ world. Because humanly established structures tend to be unstable, man creates culture to ensure stable structure that cannot be attained biologically. However, culture needs to be progressively changed by man. The instability of cultural structures posses a significant challenge to man’

Biology Research Paper Example | Topics and Well Written Essays - 500 words

Biology - Research Paper Example The genetic component occurs because of the combined effect of mutated genes. The environmental factor is the lack of vitamins particularly folate during early pregnancy. Checkpoints in a cell cycle are meant for the regulation for the proliferation of the cells. These checkpoints are basically present in the G1 and S phase of the cell cycle. The role of these checkpoints is to check for any DNA damage or other problem in the cell before proceeding in to the cell cycle. The reason behind this is to either correct the DNA damage or if it cannot be repaired to move the cell towards apoptosis. The tumor suppressor genes code for proteins which are involved in the repair of the damaged DNA in the cell cycle and initiation of apoptosis if the damaged DNA cannot be repaired to prevent the formation of abnormal cells. The proto-oncogenes act by stimulating the cell cycle by the formation of transcriptions factors which are responsible for the function of genes and by forming signal transducers which are responsible for the stimulus responsible for the initiation of the cell cycle. Signal transduction is involved in the passing of signals to the nucleus of the cell for essential processes which include replication and transcription. Signal transduction occurs by the binding of a molecule to a receptor which may be located on the cell membrane or within the cell. This molecule carries signals and activates the receptor and brings about changes in the cell by sending signals which may lead to transcription. Increased signal transduction can result from mutations in genes that code for systems involved in carrying out signal transduction. This can lead to cancer because if signal transduction increases, the cells replicate and transcribe at a higher rate and are not under the normal regulatory control. Children suffering from Down syndrome have very high chances of developing leukemia. Also patients who have leukemia along with Down syndrome have a