Financial Accounting Concepts Essay Example | Topics and Well Written Essays - 500 words - 6

Financial Accounting Concepts - Essay Example The advantages is that the more concerned managers are involved, the better the chances are of the budget being very much realistic in approach. These budgets are generally made at all levels but individually, rather than collectively. For instance, a salesman keeps a self imposed budget of, e.g. 5 units to be sold in a day.†¢Ã‚  Base Year Budget: It is the type of budgeting in which the previous year or any year for that matter is considered a standard, against which the expected (/wanted) performance is added to have a forecasted budget for the coming term. For example, considering 2006 as a base year, with all revenues and expenses expected to rise by 10%; the said percentage is multiplied across the board to attain the coming year budget or forecast.†¢Ã‚  Zero Based Budget: It is a derived form of the base year budget in which no base year is considered and the concerned manager is expected to justify each and every expense that he/she has stated in the forecast/budget. These are difficult to make, require extensive efforts and data gathering, since there is no base, the budget has to be prepared fro scratch.The users of budgets use these for different purposes; e.g. accountants use the information to check with variance for future better forecast, the heads check the contribution and performance of individual employees, the management checks the department working and profitability, while the owners view the over all big picture to visualize individual contributions and achievements.

Financial Analysis Essay Example | Topics and Well Written Essays - 2500 words

Financial Analysis - Essay Example Over the past five years the Home Retail Group company has had ups and downs trend in terms of its profits but the gap between the profits is very small, for example the difference in profits between 2012 and 2011 is less than 1% this is an indication that the company maintains its standards of high performance over the period. For example the percentage gross profit for 2010 and 2011 is 45.45%, this was seen in both years, an indication of financial health for the company although not at a very good standards, but it shows that the HRG Company is capable of paying for the operational expenses without financial constraints. There is an increase in percentage of profit margin from 0.11%to 0.055% in the year 2011 and 2012 respectively this an indication that sales are increasingly contributing to the bottom line of the company. This measures how effectively a companys assets are being used to generate profits. It is majorly considered when evaluating the success of a business. A higher number reflects a well managed company with a healthy return on assets. The percent rate of return on assets for Home Retail Group is 0.022% in 2012 although there is a slight increase, there is still a need for improvement in this area to ensure the company can remain competitive and continue to operate successfully. This shows the rate of return on equity capital employed and also measures the ability of a companys management to realize an adequate return on the capital invested by the owners in a company. A higher number is preferred for this ratio. The percent rate of return on equity for Home Retail Group is 0.055% in 2012 and 0.0275% in 2010 there is a slight increase an indication that the management may not be effectively managing the profits earned based on the owners investment in the company. The management should utilize budgets to track expenses on a regular basis, and identify those that are out of line. Assign

Comparison of Taxation in the UK and Bangladesh

Comparison of Taxation in the UK and Bangladesh Introduction Taxation: It is concerned with the tradition of a countries government acquiring monetary fund from its countries populace in order for them to fund their public services. [1] For instance, taxation is used to build and maintain its public roads, public libraries, parks etc. Taxation is also used to support the countries security services like the police, army, etc. Task 1 Taxation plays a crucial role for countries throughout worldwide. However, here we are going to discuss brief descriptions of â€Å"Taxation in United Kingdom (U.K.)† and â€Å"Taxation in Bangladesh†. UK has a rather elaborate tax environment and it has several types of taxes, function and purpose, revenue law and practices. They are described below. Function and Purpose of Taxation in Modern Economy in UK Government’s tax policies in the UK are affected by the following factors Economic Factors Social Factors Environmental Factors Economic Factors Net position in connection with taxation and expenditure of the government, along with the borrowing protocol of its public sector has an influence upon the UK’s level of economic activities. Countries government generally prefers long-term planning which illustrates the capacity of the total resources of the economy which the government will allocate and the amount be given for the private sectors. Demand for specific kinds of goods will be influenced. Different sectors level of employment along with different private sector supplier’s profitability will be influenced by the changes in the demand level. Tax policies are used by the government in order to inspire and demoralize specific kinds of activities. Government believes that the latter taxes and duties reflect the additional costs for the entire country. Nonetheless, Government requires increasing fund in order to invest in particular area where there aren’t any consumers upon which the essential taxes can be subjected to tax like: defense, law and order, overseas aid and also the expenditure required for operating the Government and Parliament. Social Factor It is usually considered by some as a â€Å"Fair† way to go about, while on the other hand other may think of it as an en masse â€Å"Unfair† way to do things. For instance, some particular people in the free market are able to muster much larger quantity of income and capital in comparison to other people. Finally whenever the wealth is amassed it only leads to the growth of that wealth through the means of reinvestments of investment income that they gained. This ultimately ends up in the rich amassing more wealth and the poor getting even poorer, which leads to the economic scale being out of balance; meaning that economic power mainly focused in the hands of few individuals. Taxation policies are there to counteract the problem of economic scale being out of balance, which prevents the rich from getting richer and the poor from getting poorer. There are different taxes which influences society. Within â€Å"Direct Tax† and â€Å"Indirect Tax† many types of taxes fall under the categories. Different point of view remains about â€Å"equitable† even though nearly everyone agrees that taxation ought to be equitable or fair. Environmental Factors The movement of taxation system is relatively slow regarding the environmental concerns accommodation, especially in the areas of renewable and non-renewable energy sources and also global warming. However, changes in the taxation system have been introduced in order to accommodate the environmental concerns. Only the effects of the 3rd point will be directly be felt by ordinary people, while the others are going to be felt by those in charge of the business. Overall structure of the United Kingdom (U.K.) tax system and Sources of Revenue Law and Practice are mainly superintended by the HMRC (Her Majestys Revenue and Customs). Overall structure of the U.K. tax system Taxation collections are formally imposed by the Treasury. Responsibility of administration of the Treasury falls under the Chancellor of the Exchequer. The role of governing for collecting tax is initiated by HMRC (Her Majestys Revenue and Customs). ‘Officers of the Revenue and Customs’ are made known in the tax law as the personnel of the HMRC. Fundamentally, they are the one’s duty-bound for overseeing the system of self-appraisal and acknowledging liabilities of taxation. ‘Receivable Management Officers’ are those officers who are responsible for collecting tax. They are provincial civil servants who are answerable for investigating number of taxes which are left unpaid specified to them by the â€Å"HMRC Accounts Office†. â€Å"Crown Prosecution Service (CPS)† – They give legitimate consultation and doctrine and also handles prosecutions of criminals which has been analyzed by the HMRC (Her Majestys Revenue and Customs). Tax appeals are noted by the Tax Tribunal which is comprised of 2 tiers. Sources of Revenue Law Generally, decree imposes the taxes. ‘Statutory Instruments’ ordains the etiquette as well as Acts of Parliament. Decree is made clear and augmented by case law. HMRC (Her Majestys Revenue and Customs) are also responsible for imposing the following points. HMRC publications doesn’t have the force of law, but few of the VAT briefings does wherever authority have been designated subsidiary to constitution. United Kingdom (U.K.) tax system interacts with that of European Union (E.U.) as well as other countries. European Union (E.U.) Its members has a major influence on U.K. taxes, even though there aren’t any prerequisite enforced upon its states (e.g., members of the E.U.) to step towards the typical taxation system or to coordinate their own unique system of tax. ‘Directives’ which are specific laws will be agreed by the states to enact which give for a familiar taxation code within distinct field of their own systems of taxation. Value Added Tax (V.A.T) is without a doubt the most significant reference currently up-to-date. U.K. is duty-bound to accommodate its legislation in accordance with the guideline set forth in the E.U. mandate. Directives of Value Added Tax (V.A.T) will accept some laissez faire amongst its state members (e.g. set up taxation rates). There are only a handful of illustrations of Directives in the field of Direct Taxes. Its main interest in the matter will be associated with cross-border dividend, interest payments and also corporate reorganizations. Nonetheless, being influenced by the provisions of the treaties of E.U., those states who are member must allow of privilege of transferal of workforce, wealth, as well as, the right to set-up mà ©tier anywhere interior of the boundaries of the E.U. These accord arrangements have a ‘direct effect’. European Justice Court consistently pointed out that the policy of tax which victimizes non-residents is contradictory to the laws of European Union (E.U.), except in cases where there is powerful rationale regarding interest of the public. Other Countries United States of America (U.S.A.) along with several other countries has a treaty with the United Kingdom (U.K.) which is known as the ‘Double Tax Treaty’. Incorporated within this decree are regulations which thwart earnings and benefits being taxed not just once but twice. Also, included within this decree, the law which forbids nationals from foreign countries from being discriminated (e.g. treating nationals with benevolence, while on the other hand treating the non-residents with prejudice). Additionally, statute exists which allows different Revenue administration to share intelligence. The system of taxation of U.K. grants alleviation for taxes which are paid in foreign countries, even though there is no double tax relief. Task 2 Tax Practitioner: They are the people who are being paid to prepare taxes every year.[12] Tax Practitioner has several responsibilities and critical obligations.   Task 3 As, Mr. Abid’s tax lawyer one can give couple of recommendations regarding his entitlement, exemptions and obligations for taxation in the United Kingdom (U.K.) tax environment. First and foremost, Mr. Abid isn’t currently a resident of United Kingdom (U.K.). However, his wife Mrs. Narida is an United Kingdom (U.K.) resident living in the United Kingdom (U.K.) currently. Mrs. Narida has accessories business in the United Kingdom (U.K.) and she is also helping her husband (i.e. Mr. Abid) business of selling accessories in the United Kingdom (U.K.) as his proxy. Here, currently he is obligated to pay income tax and also corporate tax in both the countries due to the provision known as ‘Double Tax Treaty’ – due to the fact that he is not a resident of the United Kingdom (U.K.) as of yet. And for this instance, he won’t get an exemption on income and gains; however, he would have gotten some exemptions if he was a resident of the United Kingdom (U.K.), but doing business outside the country. It would be much easier for him to become a resident of United Kingdom (U.K.) because his wife is currently a resident of United Kingdom (U.K.). Once he becomes a resident of the United Kingdom (U.K.), he is required to be present in the country of United Kingdom (U.K.) for at least half-a-year/ or about six months (approximately 183 Days) or more. But, if he were to make commodious annual visit to the United Kingdom (U.K.) like for a time length of approximately 91 Days or more in a year for 4 or more perpetual years; then he will be considered as a resident of the country of United Kingdom (U.K.), and will be entitled to pay taxes according to the rules and regulations of United Kingdom (U.K.) tax system. Again, once Mr. Abid is a resident of the country of United Kingdom (U.K.), he is also entitled to pay Council Tax. His wife Mrs. Narida lives in a rented house with his mother whose age is around 70 Years. And so, when he becomes a United Kingdom (U.K.) resident, he may get an exemption on his Council Tax, based upon the fact that an aged person is also living with them. It is generally, better for large number of people to live together because depending on the size and type of people living in the property can be a powerful rationale for exemption like single person, or people living with children under the age of 18, or the disabled and pensioners are entitled to exemptions. Next would be Inheritance Tax. Mr. Abid, 8 years in the past got a house as a wedding gift which was worth more than  £ 310,000. Mr. Abid inherited it from his wife. So, he has to pay Inheritance Tax. He may have gotten so exemptions but due to the fact he isn’t a resident of the country of United Kingdom (U.K.), he is not going to get any kind of tax exemption. Next is Capital Gains Tax. Mr. Abid will also have to pay Capital Gains Tax, once he sells the house which was given to him as a wedding present by his wife Mrs. Narida. And now finally we come to Value Added Tax (V.A.T.). Value Added Tax (V.A.T.) is a system of taxation which is internationally practiced. So, no matter which country he/she is staying in they all have to pay Value Added Tax (V.A.T.) which also includes the country of United Kingdom (U.K.). Case 2: â€Å"Tax Non-Compliance† is mainly comprised of â€Å"Tax Evasion† and â€Å"Tax Avoidance†.   Generally, the distinction between â€Å"Tax Evasion† and â€Å"Tax Avoidance† is rather vague to say the least; however, there are some differentiations between them. Here, in Case 2, at first Tanzila received property income of  £ 5,000 but accidently entered the figure on her tax return as  £ 500. While on the other hand, Mitu received property income of  £ 7,000 and deliberately declared  £ 5,000 on her tax return. In both these cases, both of them have misled HMRC (Her Majestys Revenue and Customs) by providing wrong information. So, they both committed the crime of â€Å"Tax Evasion†. However, there is a subtle difference between them. In Tanzila’s case, while she did provide misleading information to the HMRC, she did not do so purposely; she entered the information wrong by accident. She didn’t mean to give the wrong information deliberately. And so, this will be treated as minor case of â€Å"Tax Evasion† and will be dealt out of count on the payment of penalties. Because, there is no need to cause too much trouble for such unintentional mistakes. While on the other hand, Mitu deliberately provided HMRC with false information. So, unlike Tanzila’s case this cannot be treated as case of minor human error. Here, she intentionally trying to evade tax which is a serious crime of â€Å"Tax Evasion†, As such, Mitu will be subjected to criminal prosecutions, which might ultimately end up in her having to pay fines and/or imprisonment on conviction. [1] http://www.vocabulary.com/dictionary/taxation [2] http://en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom [3] http://en.wikipedia.org/wiki/Taxation_in_Bangladesh [4] http://www.investopedia.com/terms/d/directtax.asp [5] http://www.investopedia.com/terms/i/indirecttax.asp [6] http://www.investopedia.com/terms/i/incometax.asp [7] http://www.investopedia.com/terms/c/corporatetax.asp [8] http://www.investopedia.com/terms/i/inheritancetax.asp [9] http://www.investopedia.com/terms/c/capital_gains_tax.asp [10] http://www.thefreedictionary.com/council+tax [11] http://www.investopedia.com/terms/v/valueaddedtax.asp [12] https://answers.yahoo.com/question/index?qid=20101127121537AAXMjCR [13] http://www.enotes.com/homework-help/what-roles-responsibilities-tax-practitioner-441765 [14] http://en.wikiquote.org/wiki/Tax_noncompliance [15] http://www.investopedia.com/terms/t/taxevasion.asp [16] http://www.investopedia.com/terms/t/tax_avoidance.asp [17] http://www.nouse.co.uk/2013/01/22/what-is-the-difference-between-tax-evasion-and-tax-avoidance/

Mind Deception :: Personal Narrative Abortion Descriptive Essays

Mind Deception I’m surrounded by the blatant screams of hatred as I am thrown from hand rail to hand rail on the steps of this large building. The People surrounding me are holding large signs and yelling chants as they throw trash at this structure before me. Signs scream death in red writing as if they were stabbed or ripped open like a wound. The noise has become numbing, and all I hear are footsteps and see hands flail in front of my face. I spin almost motionless as if my head is the only thing moving, yet I am unable to focus on any object. Suddenly the noise returns, and I am no longer spinning. I see the rush of news media approaching in hopes of capturing the best photo or quote of this enormous display of protest. Still I cannot figure out what is being protested. I turn in every direction looking for an explanation for this chaos, and all I receive in return is a shoulder or back turned to me. The riot is getting out of control now, and I see several policemen rushing towards the spectacle. With fear that I may get hurt, I decide to enter the building which stands before me. When the door behind me smacks shut with an echoing, darkness is all I can see. I call out to see if anyone is around, but it appears as though there is no one. The musty smell of this building enters my throat and causes me to gag. I quickly run through an open door in hopes of a change of atmosphere. The smell has changed but the room is still dark, except for a crack of light seeping in from an almost covered skylight above me. Shrieking cries of what I think are infants fill my ears, but after looking in every direction, I see nothing. My curiosity pushes me to explore more of this building; so I move forward and open the door into another room. The room is very well lit, and as I look around I feel as though I have been here before. With no signs as to what this building is, and with no one to ask, I am finding it difficult to recall why I know this place.

Merging Context Between Past, Present and Future

Unifying context between past, present and futureIn order to understand how the physical environment of the metropolis icons came approximately, one can look at it as a ‘whole ‘ and try to supply an reading of urban signifiers through their historical and cultural contexts. We will non cover with elements of urban signifiers, but look at the signifiers themselves as portion of a broader Muslim tradition.The PastThe saving of tradition plants at different degrees reflects if anything, differing modern-day maps and ideological demands ( e-g. the demand for legitimacy ) by ascendent elites or their challengers. On one degree, there is the attempt to continue the best illustrations of traditional edifices as examples, beginnings of modern-day inspiration and/or keepers of portion of what its carrier respect as their modern-day cultural individuality. On a different degree, the saving and reuse of single edifices in modern-day society raises serious functional and ideological jobs. Yet, such adaptative reuse appears to be the lone possibility of keeping verve for the edifices and avoiding the museum attack to of import elements of an organic life metropolis. The saving of a individual edifice, whether reused or non, is different from the saving of the character of an country and, here, different standards come into drama. Of these, the sense of urban context is a cardinal 1, as is the inquiry of graduated table, proportions, street alliances, fenestration, articulation of volumes, dealingss between solids and nothingnesss, and, most of all, activities permitted in the public infinite and inter-relationship between the public and private spheres. Decoding Symbols of the Past. Architects must get the edification to read the symbolic content of this heritage in a mode that enriches their ability to bring forth relevant edifices for today and tomorrow, and to steer the â€Å" authentification † attempts between the duplicate shoals of Kitsch and foreign wrongness. This edification can merely come through a reinforced educational procedure which engenders in future designers the critical sense required to decrypt the symbolic content of the yesteryear in a realistic, as opposed to an ideologically mystifying, manner. This, of class, necessitates a wide cognition of the methodological analysis every bit good as the content of historical surveies, a sense of the growing of societies as a procedure of consecutive efforts at tease and above all an ability to see the reinforced environment of the yesteryear as it was perceived by coevalss.Understanding the PresentThe societies of the universe are inescapably societies in passage, nevertheless much some members of those societies may seek to avoid this basic procedure by denying it, or by absolutising a past which exists merely in their ain heads as a counterbalance to the present world they deny and the hereafter which they fear. The demographic, proficient, economic, cultural, political and ideolog ical constituents of this passage procedure are good known. Submerging in a inundation of Western engineering and cultural imports that are often ill-matched to local conditions and insensitive to cultural traditions, societies are today fighting to make a cultural environment that provides them with a feasible sense of self-identity and which is suited to regional and national conditions. Authenticity for an Indonesian will non be the same as genuineness for a Moroccan. Yet there is this all right yarn of commonalty of the nature of the hunt with variableness of the conditions under which it is undertaken. This is portion of the originative mastermind of civilization, whose trademarks have ever been unity with diverseness. Contemporary â€Å" regionalism † must show itself in new and modern-day ways. This truism must be restated often in the face of a strong current that seeks safety in perpetuating the myth that traditional common architecture is adequate. This â€Å" flig ht into the past † must be forced to acknowledge the graduated table and engineering that progressively link and undergird the urban built environment. Slavish copying of the yesteryear is non the reply. For those who would seek, the dimensions of modern engineering and its related infrastructural demands will rapidly remind them that the way of excellence requires creativeness.Expecting and Fixing for the FutureA dateless continuity: reading the marks. Architects must be Masterss of a broad scope of accomplishments and their deployment – a scope fat greater than architectural instruction presently prepares them for. First, architects must be able to decrypt the yesteryear so they can understand how their predecessors viewed their yesteryear, nowadays, and hereafter. Armed with this comparative cognition, they must secondly try to read the marks and tendencies of the present. This is peculiarly slippery as, while edifices last a long clip, current tendencies may turn ou t passing, and become so within the infinite of a few old ages. Third, designers must non merely believe of their individual edifice, but of its relationship to the wider community. Fourth, and most significantly, they must draw all of this analysis together and design and implement a merchandise which, over its life-time, can rightly win a topographic point in the dateless continuity of universe architecture, as have the great edifices of the yesteryear which, speak of excellence, non of an age, but for all clip. ( Serageldin, Ismail, 1991 ) Significantly, the historical and civilizational deepness of a state drama a critical function in supplying drift toward contracting the technological spread which resulted in making two different universes. One is the topographic point of the human existences who belong to the industrial universe, and the other is for those who survive on minor industries. That chitchat generated more uncalled-for racism into this universe.([ I ])Amid these fortunes, the non-industrial states turned to centres for modern disaffection. All the activities associating to economic system have been ideologized, the specialised scientific finds were monopolized off from them, and by and large, steps were secured to maintain the human being of the less developed states in a province of scientific impairment to the involvement of the industrial states.([ two ])Some research workers predict that in the following three decennaries, the range of the scientific and technological subdivisions of cognition that a re clamant for the advancement of states will be identified. This is because, in the approaching period, the modern-day coevals will witness the hugest scientific and technological promotions.([ three ])The scientific technological spread places the modern Arab idea in a lasting challenge, that is chiefly fiscal, because the Arab states, like in the western states, need to apportion fine-looking financess for scientific discipline and engineering in order to convey about a scientific rebellion in their states. The West calculatedly attempts to marginalise the function of the Arab person in the planetary production rates. Consequently, he will go a consumer of others’ productions, viz. western merchandises, intellectually every bit good as economically. The more the scientific technological spread grows, the more consumptive that single will go. Interrupting free from that technological dependance can be attained through uninterrupted scientific work and committedness, and through diging deeper in the field, and saving no clip in set uping strong fiscal and moral substructures. Time is running out more than of all time.([ four ])A group of exterior factors are created to model the Arab idea in a certain manner, as a agency of blockading the attempts done to recover an reliable individuality, and to maintain it from taking right stairss in the way of scientific and technological advancement. As affairs stand, it seems that the wars fought by the occupied states for independency had as pired for rational independency chiefly. The Arab states must prosecute in a scientific and technological competitory war in order to run into the challenges posed by West. It is of paramount importance to happen the route to this.([ V ]) Potentially, the basic stairss in pulling a program for development that agreements with our deep-seated Arab-Islamic cognitive rules can be achieved, chiefly through inventing modern-day scientific-based rational models. The map of these models will be to size up and polish the heritage in an honorable nonsubjective mode. As a consequence, a scientific Arab power of a distinguishable individuality will emerge to the universe with firm stairss.

Disadvantages of Ethics in the Workplace

Essay: â€Å"What are advantages and disadvantages of business ethics?†Business Ethics Some commentators, such as Milton Friedman, believe that the â€Å"primary and only responsibility of business is to make money† while abiding by the law. Supporters of this point of view argue that companies' self-interested pursuit of profit benefits the whole of society. Profitable businesses clearly benefit shareholders, but other commentators, such as Edward Freeman, argue that businesses should also benefit other stakeholders. Stakeholders are people and groups with whom the business has a relationship. This includes shareholders, but extends out to include employees, their families, the community within which the business operates, customers and suppliers.Advantages and disadvantages of being an ethical businessAdvantages Business ethics offer companies a competitive advantage. Consumers learn to trust ethical brands and remain loyal to them, even during difficult periods. In 1982, Johnson & Johnson spent over $100 million dollars recalling Tylenol, its best-selling product, after someone tampered with bottles of the painkiller. The company followed its credo, a set of ethical organizational values, and the result was a boost in consumer confidence, despite the contamination scare. Society benefits from business ethics because ethical companies recognize their social responsibilities. Disadvantages of business ethics reduce a company's freedom to maximize its profit. For example, a multinational company may move its manufacturing facility to a developing country to reduce costs. Practices acceptable in that country, such as child labor, poor health and safety, poverty-level wages and coerced employment, will not be tolerated by an ethical company. Improvements in working conditions, such as a living wage and minimum health and safety standard,s reduce the level of cost-savings that the company generates. However, it could be argued that the restrictions on company freedom benefit wider society. People, Planet, Profit Companies increasingly recognize the need to commit to business ethics and measure their success by more than just profitability. This has led to the introduction of the triple bottom line, also known as â€Å"people, planet, profit.† Companies report on their financial, social and environmental performance. The Dow Jones Sustainability Index benchmarks companies who report their performance based on the triple bottom line. This type of performance reporting acknowledges that companies must make a profit to survive, but encourages ethical and sustainable business conduct. Purpose of ethical theory An ethical theory is to provide theory for people to value human beings through their behaviors, to access a person if he/she is ethical good or bad through his/her actions, like be honest, not to steal, not to kill, etc. Although there are basic moralities that every person follows in all places (Beauchamp & Bowie, 2004), in different background culture or different situations, people have different judgments about the actions. Ethical theory gives us a guide to choose the best option of actions in a certain situation which counts as most significant ethically. Ethical people are those who recognize the difference between right and wrong and consistently strive to set an example of good conduct. In a business setting, being ethical means applying principles of honesty and fairness to relationships with coworkers and customers. Ethical individuals make an effort to treat everyone with whom they come in contact as they would want to be treated themselves. Build Customer Loyalty Consumers may let a company take advantage of them once, but if they believe they have been treated unfairly, such as by being overcharged, they will not be repeat customers. Having a loyal customer base is one of the keys to long-range business success because serving an existing customer doesn’t involve marketing cost, as does acquiring a new one. A company’s reputation for ethical behavior can help it create a more positive image in the marketplace, which can bring in new customers through word-of-mouth referrals. Conversely, a reputation for unethical dealings hurts the company’s chances to obtain new customers, particularly in this age of social networking when dissatisfied customers can quickly disseminate information about the negative experience they had. Retain Good Employees Talented individuals at all levels of an organization want to be compensated fairly for their work and dedication. They want career advancement within the organization to be based on the quality of the work they do and not on favoritism. They want to be part of a company whose management team tells them the truth about what is going on, such as when layoffs or reorganizations are being contemplated. Companies who are fair and open in their dealings with employees have a better chance of retaining the most talented people. Employees who do not believe the compensation methodology is fair are often not as dedicated to their jobs as they could be. Positive Work Environment Employees have a responsibility to be ethical from the moment they have their first job interview. They must be honest about their capabilities and experience. Ethical employees are perceived as team players rather than as individuals just out for themselves. They develop positive relationships with coworkers. Their supervisors trust them with confidential information and they are often given more autonomy as a result. Employees who are caught in lies by their supervisors damage their chances of advancement within the organization and may risk being fired. An extreme case of poor ethics is employee theft. In some industries, this can cost the business a significant amount of money, such as restaurants whose employees steal food from the storage locker or freezer. Avoid Legal Problems At times, a company’s management may be tempted to cut corners in pursuit of profit, such as not fully complying with environmental regulations or labor laws, ignoring worker safety hazards or using substandard materials in their products. The penalties for being caught can be severe, including legal fees and fines or sanctions by governmental agencies. The resulting negative publicity can cause long-range damage to the company’s reputation that is even more costly than the legal fees or fines. Companies that maintain the highest ethical standards take the time to train every member of the organization about the conduct that is expected of them. Disadvantage: Polarization of Society Because it offers such an integral look into human nature, ethics — as a branch of philosophy — tends to create divisions among those of varying opinions. Within the United States, the reverberations of this effect are at the core of government policy. Two groups, such as Pro-Choice and Pro-Life, work from similar facts and land on different notions of what is ethically and morally â€Å"right. † These rifts within society may slow down legislation and other government progress. Advantage: Simplification One advantage of any firm ethical system is that when the time comes to make a decision, there is often an existing framework for making that decision. For example, if an ethical system decides that theft is wrong in all circumstances, then any person who firmly believes in that ethical system should be able to turn away ideas of stealing. This process can expedite decision-making in general, as it has often already answered questions that may arise. Disadvantage: Varied Theories and Constant Change Ethics, as a whole, is a branch of philosophy that many consider to be necessarily unfinished. As technology and culture changes, new ethical issues are always arising, such as ethics within distributing content online. Likewise, issues of â€Å"cultural relativism† can create various interpretations of similar issues simply through the specific traditions of any given culture. These problems, and others, cause ethics to be a field of tumultuous change with highly varied interpretation. Advantage: Building â€Å"Good† The Internet Encyclopedia of Philosophy notes that ethics â€Å"involves systematising, defending and recommending concepts of right and wrong behaviour. † As such, the field is, by and large, dedicated to helping derive systems for understanding and improving human behaviour. As an end-result of finding and invoking a true ethical system, the world should evolve into a safer, friendlier and happier place. Benefits If we have an ethical behaviour in our career we can do so much good. Due to this our business grows very much. Because due to this a discipline is develop in us and then we can set a high slandered and high level in our business. Bellows there are some goals we can use for continuous development. Working without deadly mishap. Eliminating work related diseases. We can increase varieties in our business. Increasing benefits of removal for local Increasing the benefits of mining for local areas. increasing energy competence By working towards these goals, we hope to gain a competitive benefit. It is also help with its position on stock market. Many long terms sever, like pension funds that are run investments for millions of normal people in the foreign countries, think that to consider social and ethical issues is important for the company. Due to this the company puts in a stronger position. Ethical behaviour will help businesses to attain better height and is because it does what business should actually do and helps them in developing discipline, which will push, business work practise to a high level and set a high standard. It actually promotes teamwork among worker. And this is because there is great respect place in elementary issues in the work place. Ethical behaviour also build confidence that will translate to trust among worker and they are more motivated towards theirs tasks. Ethical behaviour is really becoming very important for all our society because in the end it contributing in our society. It is not only contributing to our society directly but also keep the trust of the society. At the work place people who face ethical matter are versatile. The ethical behaviour do contribute the organization in term of profit which is usually higher then the firm which are actually not operating ethically and are operating for their own interest. Business activities that meet the requirements of the law, but which are considered unfair by stakeholders can result in bad publicity. The best example is of a restaurant that pay minimum wage but keeps staff tips to boost profits is not breaking the law, however, run the risk of losing the goodwill of costumers.As I understand it, one of the best kept secrets in Congress is that many Congressional members have unpaid â€Å"personal† aides who, because they are unpaid, do not have to disclose their financial holdings like other paid staff do. I have no doubt that many, if not all, of the problems cited in this article are also happening with these â€Å"unpaid† staff members and that this is a source of a lot of Congressional problems with lack of management, inattention to majo r problems of the country, and so forth. This situation is a result of so-called campaign finance reform. We were better off when a few dozen large companies and big political contributors funneled money into the Congress, and they didn't have to grub money from tens of thousands of other smaller contributors. The cure of campaign finance reform is worse than the disease. But instead of loosening up on US companies to make it easier to deal with corruption, we should instead be encouraging others to do what we have done with our law. India is beginning to move in the direction of cracking down on corruption, and we seem to be moving away from it. And it's because of the corrupt ion in the Congressional staff that this is the case.This is a shoddy piece of reporting. Must be summertime. Even a cursory big-picture review of the topic would lead anyone to see that this is an issue faced by businesses and cultures around the world. The unambiguous trend is to stamp-out this kind of curruption. A one-word example: Siemens. The FCPA may have been 20 years before its' time, but it's merits have become abundantly clear to many, if not most. I say this as someone who has been involved in international business for many years. OK – so, the US Chamber of Commerce seems to have fallen into the mud in an effort to promote short-term profit to the exclusion of everything else. (Honestly, I'm disappointed by the Chamber's narrow-minded view). That said, I expect a reporter of Mr. Hilzenrath's pedigree to make a serious, professional effort to provide useful perspective on a complex and challenging issue.Bibliography:http://smallbusiness.chron.com/advantages-ethical-behavior-business-21067.htmlhttp://www.studymode.com/essays/Business-Ethics-137790.htmlhttp://smallbusiness.chron.com/advantages-disadvantages-business-ethics-10414.htmlhttp://www.ehow.co.uk/info_8333081_advantages-disadvantages-ethics.htmlhttp://www.businessdictionary.com/definition/ethical-behavior.htmlhttp://www.ukessays.com/essays/philosophy/ethical-behaviour-in-a-business-environment-philosophy-essay.php

Director John Waters as auteur.

Director John Waters as auteur. John Waters is a true auteur. He uses many of the same themes and images throughout his films. The John Waters' films that I viewed were Hairspray (1988), Cry-Baby (1990), Serial Mom (1994), and Cecil B. Demented (2000). Consistent themes in these films included the use of the same actors, Waters' love for scandal ridden celebrities, all were located in Baltimore, comedic portrayals of sex, outcasts, altercations with the police, and a shot of a mouse, rat or gerbil.Hairspray is the story of Tracy Turnblatt, a chubby hair hopper in 1960s Baltimore. Waters uses many of his stock actors in this movie, drag queen, Divine in the dual role of Tracy's mother and the television station owner that runs The Corny Collins Show, Mink Stole as Tracy's best friend's mother, Alan J. Wendl as Hefty Hideaway shop owner, Mr. Pinky and starring as Tracy Turnblatt, Waters' muse, the incomparable Ricki Lake.Cecil B. DementedWith the exception of Divine who died shortly after this movie was made, all of these actors appear in all four of these films. Tracy longs to be on The Corny Collins Show, Baltimore's poor man's version of American Bandstand. Through luck, fate and pure chutzpah, she makes it onto the show, becomes a council member and even steals the cutest boy on the show away from the most popular girl in all of Baltimore. According to Curry, Hairspray is a "musical comedy film about desegregation in Baltimore during the early 1960's. Waters revives the turbulent times as a backdrop to a television dance show phenomenon. (Curry, 1996)The expected Waters penchant for media celebrities, past and present, pops up here and there in Cry-Baby with cameos by David Nelson, Patty Hearst, who shows up again in Serial Mom and Cecil B. Demented, Joey Heatherton, Troy Donahue, Iggy...