Funding For Potential Businesses Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 1038 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? In every business, there is need for funding to ensure a stable running of the business. Before coming up with any form of business, all aspiring business people need to look for a stable source of income to put in place all the required things for the running of the business. Starting any business without a stable capital might lead to the collapse of the business in a very short time. The most important thing that potential businessmen should do before considering any source to fund their businesses is to ask themselves some few questions such as; how big is my market? What is the time scale for the business the required profit? What type of return is expected on a given venture? Don’t waste time! Our writers will create an original "Funding For Potential Businesses Finance Essay" essay for you Create order Individual or personal finances are a major source of funding a business venture. People come up with business ventures at different stages in their lives. Some business people start organizations at the beginning of their careers. Most of the entrepreneurs start operating companies much later in their lives with personal assets that will use in financing their business activities. It is vital for entrepreneurs to invest their individual savings in business ideas because it shows that the entrepreneur is confident on his idea. By doing so, the business man encourages other to consider the idea more seriously. Lack of feasible business ideas makes investors lose everything (Jennings 800). Debt financing is another source of funding a business venture. This involves the process of raising capital from banks by the investors. Commercial banks mainly provide such form of debts to companies willing to start operating the business. Business loans are made by bankers through term loans, credit lines and mortgages. A line of credit debt is the biggest amount that a borrower can access at any given time from the bank. In this context, borrowers need to work with the bank early so as to be able to get the line of credit before the organization needs the funds because if the lending institutions have no idea about their clientacirc;s investment particulars, they will not accept credit. Efforts to get line of credit load instantly are mainly in effective. In addition to these services, lending institutions provide a five to ten year term finances that are used in funding the equipments. Due to the economic advantages that extend beyond one year when by investing in equipment, ba nks are mainly open to the idea of providing money to investors to buy equipment that will generate income. The revenues should match the interest that is going to be earned from such funding. Equity financing can be used to fund business ventures also. This mode of funding transfers the risk from the entrepreneur to the investor himself. In this process, entrepreneurs can contribute funds by selling preferred stock to investors. This means that the entrepreneur sacrifices some of his voting legalities to the investor. Although many organizations offer equity financing, the venture capital that belongs to the institution makes the biggest part of equity financing. Government funds can also be used to run the venture. Most of the successful business ventures have received grants and guarantees from the government. The government should see the investment as a component in the development of the economy. Any form of funding or financial aid by the government means that the same government is committed to the economic development of the country. Another reason why the venture should agree to be funded by grants is because of the mutual benefit that will exist between the government and the organization. The government plays a major role in making sure that the business succeeds without any form of obstacle in their way. Another reason why the venture should consider accepting the grants from the government is because of the employment opportunities that will create for its citizens. This will lead to improved living standards for the citizens and a positive growth in the economy (Fiore 200). Equity financing is involving investors in the process of entrepreneurship. In this case, the investors have a say in the business venture. The investors are entitled to voting rights and other legal requirements. Equity financing is something that should be considered by entrepreneurs. Comparing equity financing and loans, it is necessary that entrepreneurs first consider the right form of funding the venture. Before using any of these sources, it is important that the entrepreneur understands the basics behind the process. Loans are preferred by most of the people who are willing to come up with a venture business venture. The reason why loans are preferred is because the legalities are not transferred from entrepreneurs to investors. The transfer of legalities from entrepreneurs to investors in equity financing has led to fear by entrepreneurs to start business using equity financing. Also, equity financing is perceived by most entrepreneurs a form of exploitation rather than inve stment. The idea of the new venture going public immediately is not wise. The investment needs to establish itself first before it considers going public. By going public, it means that the investment must have fully established itself well to an extent of staring to list its stocks in the stock exchange. Those companies whose stocks are listed at stock exchange have established themselves well and have a lot of market connections. It is hard for new investments to list their stocks in stocks market because they will face stiff competition from the already established firms. Initial public offers by new business organizations have made such ventures to operate at losses and finally end up closing. It demands that such organizations first undertake the necessary steps to make sure that it finds itself in a stable position to go public. Rushing is likely to cause unnecessary losses that will undermine the face of the investment. Fixed costs are permanent costs regardless of the number of items sold. All the start up costs like rent, debt etc are considered fixed costs. On the other hand, variable costs are recurring costs that a business man absorbs with every unit sold. As the business and sales grow, one can start appropriating labor together with other items as variable expenses if they make sense in the business.

Twelfth Night by William Shakespeare - 1019 Words

There’s nothing better than a comedy to lift your spirits up with baskets full of laughter. I like the idea of comedies when there’s a complete misunderstanding, trickery or when things go wrong. For example in one of the episodes of My Wife and Kids when a girl called Claire tells her dad that there will be photograph day in school. So she asks her dad for a massive photograph of her to put on the wall. Her dad said no. On the day of the school photograph when she woke up, her right cheek was swollen-much bigger than the other. As persuaded by her parents she reluctantly went to school. When Claire arrived home she said to her dad thanks for only buying a small picture of me otherwise it would have been a total disaster seeing myself with†¦show more content†¦This trickery is later taken too far, causing Malvolio detrimental distress. Trickery is also displayed in the duel between Sir Andrew and Cesario. Sir Toby’s delight in practical jokes is once aga in illustrated as he plans good sport between Sir Andrew and Cesario, but of course always the assumption that no harm will be done and his arrangements will â€Å"so fright them both that they will kill one another by the look, like cockatrices†. Sir Toby was right. When Sir Andrew and Cesario come face to face they are so frightened that it takes some time for the duel to kick in .The duel is one of the high points of the comedy. Equally absurd is the fact that the pretended duel is the fact that the pretended duel is fought over Olivia who Cesario has rejected her love and Sir Andrew thinks he has a chance with Olivia that he enters a duel on her behalf.Before the duel took place Cesario is worried â€Å"Pray God defend me! A little thing would make me tell them how much I lack of man† Viola speaks in prose which shows how worried and endanger of her true identity being discovered. Shakespeare also applies the comic convention of looking foolish, which constructs one of Twelfth Night’s comedy highlights in Act 3 Scene 4 when Malvolio tries to impress Olivia and tries to impress Olivia and follow out â€Å"Olivia’s command† â€Å"though yellow in my legs† Olivia is baffled byShow MoreRelatedTwelfth Night by William Shakespeare1279 Words   |  5 Pages Within the play ‘Twelfth Night’ it can be argued that the audience may be entertained by the outlook of Malvolio’s gulling. To start with his name means â€Å"ill will† within Italian which already suggests his attitude towards the other characters thus showing his place within the play as an â€Å"unpopular†character. He is a part of a religious order who sought to regulate forms of worship. In modern time the word â€Å"puritan† is often used to mean Against pleasure . Historically, the word was has been usedRead MoreTwelfth Night by William Shakespeare1164 Words   |  5 PagesIn the comedy Twelfth Night written by William Shakespeare many of the characters experience emotional pain. The pain that a character name Olivia experiences is the death of her brother, causing her to mourn. Malvolio who is Olivias steward is involved with emotional pain caused by humiliation, which occurs more than once in this play. Lastly, a great deal of charac ters battle with the feeling of unrequited love. Even though Shakespeare wrote this as a comedy, there was still a mass amount of emotionalRead MoreTwelfth Night by William Shakespeare2088 Words   |  8 PagesTwelfth Night, or, What You Will by William Shakespeare is a comedy that was written for the Christmas season. Twelfth Night presents many different topics throughout the play like: crossdressing, homosexuality, unknown same sex desires, and undertones of talk about genitals. Although some are more noticeable than others, they are all present. I will be focusing mainly on the homosexuality of some of the characters and what the difference between that and just having a ‘male friendship.’ I will alsoRead MoreWilliam Shakespeare s Twelfth Night2005 Words   |  9 Pagesrole that gender plays in Shakespeare’s work. Focus on Twelfth Night or King Lear—or discuss both plays together. Do you see these patterns repeated? Or do you see them being challe nged and somehow undermined (implicitly or explicitly) in the plots and language of the play s)?† wants to know if Shakespeare wanted to break the pattern of women being passive objects to men in the literature. In the story Twelfth Night by William Shakespeare all of the roles are played by men. In the fifteenth centuryRead MoreWilliam Shakespeare s The Twelfth Night Essay1515 Words   |  7 Pageselements in plays and films. Slowly with the knowledge gained, we transitioned into examining the adaptations of the world famous playwright, William Shakespeare. For this assignment, we were to choose a modern Shakespeare adaption and compare its successes and failures to its traditional script. With the choices given, I decided to choose the Twelfth Night to its modern adaption directed by Andy Fickman called, â€Å"She’s the Man.† I was pleasantly surprised when I saw it as an option, therefore I feltRead MoreWilliam Shakespeare s Twelfth Night1967 Words   |  8 Pages William Shakespeare’s â€Å"Twelfth Night† or â€Å"What You Will† was written around 1601-1602 with the primary performance being in February 1602. It is known to be a high point of Shakespearian comedy as it is one of Shakespeare’s finest works. Twelfth night was written to commemorate the close of the Christmas season being possibly one of the first ever holiday specials, kind of like the Middle Ages version of â€Å"Love Actually†. The play centres on the twins Viola and Sebastian, who are separated duringRead MoreWilliam Shakespeare s Twelfth Night Essay1470 Words   |  6 PagesWilliam Shakespeare’s Twelfth Night can easily be interpreted as a romance play. Given that the majority of the characters in the play in some way or another fall in love, but there are many twists that come with these romantic relationships. Some of the characters fall in love with the same character, others fall in love with a character that love s another, who actually loves another causing a chaotic love triangle. Within every romance a character is tragically hurt, turning the romance play intoRead MoreWilliam Shakespeare s Twelfth Night1762 Words   |  8 PagesShakespeare wrote the romantic comedy play, Twelfth Night, in the year 1601. Despite being over 400 years old, people have been studying and performing the play continuously. Even though some may argue American audience now cannot understand the significance of social hierarchy in the play nor the lines written in Shakespearean English, Twelfth Night remains popular today as shown by New York Times’ publishing of seven reviews on different performances of Twelfth Night. At the same time, ShakespeareRead MoreWilliam Shakespeare s Twelfth Night Essay2147 Words   |  9 Pagesaffection for another person,† love takes on many forms throughout life and literature (Merriam-Webster). Through its passionate drama and witty repartee, Twelfth Night, by Willia m Shakespeare, explores the intricate, and often complicated, realm of interpersonal love. By tracing the intertwining storylines of four unique characters, Shakespeare communicates the futility of self-love, the desperation of hopeless love, and the immeasurable virtue of selfless love. An after-effect of human’s sinfulRead MoreWilliam Shakespeare s Twelfth Night947 Words   |  4 PagesLove affection Recently, I’ve been reading an intriguing play, Twelfth Night, which was written by William Shakespeare. What interests me in this play most is the fact that there are a lot of love interests. Duke Orsino is greatly attracted to a gentlewoman called Olivia. However, despite his attempts to court her, she rejects his approaches as she claims to be in a period of mourning for her dead brother which has been going on for seven years. Olivia forms a tight friendship with Viola, a woman

Relevance of Strategic Management Accounting †MyAssignmenthelp

Question: Discuss about the Relevance of Strategic Management Accounting. Answer: Introduction: The evaluation directly indicates that there were different teams, which was used in reducing the cost of production, while the incentive setup directly influenced attitude of the employees. This directly resulted in jealousy and unethical practice, which lead to the decline of the current incentive scheme. Furthermore, from the evaluation at crochet be identified that Team Scuba Assembly was not able to provide 100% of its capacity due to the unethical measures used by other team. This directly de-motivated the employees working under the team, which in turn resulted in conflicts between departments. Different problems faced by one team were mainly manufactured by other things, which in turn affected productivity of the organisation.Additionally, the control system directly raised unhealthy competition among employees (Cooper, Ezzamel and Qu 2017). This case study directly indicated that the overall use of team-based for saving performance measure is not adequate for defining a performance conducted by employees. Moreover, it also indicated that the use of current employee bonus method is forcing rivalry among colleagues, which is affecting productivity of the organisation. Therefore, the use of activity based management would eventually help in defining the relevant activities that is conducted by employees. This measure could also help in providing relevant bonuses to the employees according to their activities. Moreover, this could eventually help improving productivity and profitability of the organisation. The current situation once team has been isolated from other teams, which is decreasing the motivation level among employees and hampering productivity (Lapsley and Rekers 2017). The use of activity based management system could eventually help in implementing the incentive scheme on the employees. The performance measure incentive scheme is mainly used to reduce the overall cost incurred in production, which couldn't turn improved employee productivity and reduce expenses of the organisation. Activity based management system could allow the organisation to evaluate the performance of employees based on the activities conducted by them. The evaluation could eventually help in detecting ethical activities conducted by teams for completing the task. Furthermore, the use of ABM approach would eventually for the employees to reduced cost and improves the productivity level, where they could adequately acquire incentive (Manyaeva, Piskunov and Fomin 2016). From the evaluation it could be identified that new strategy needs to be implemented for the 4 types of strategies, such as Enterprise strategy level, Corporate strategy level, Business strategy level, and Functional strategy level. Moreover, for Enterprise strategy level implementation of CSR strategy could be conducted. In addition, for corporate strategy level Value neutral strategy need to be evaluated. Furthermore, for Business strategy level human resource utilisation is adopted and for Functional strategy level operational strategy is adopted to improve operations of the organisation (Morden 2016). The use of strategy would eventually help in reducing costing measures and improving profitability of the organisation. for example implementation of the above mentioned strategy could allow the organisation to focus only on its costing and employees, which might help in improving is productivity, while reducing any kind of extra expenses incurred in operations. The use of sustainability approach would eventually help in improving financial drivers of the organisation, where benefits could be obtained from the marketing sector. The use of Sustainable approach might increase brand awareness and allow the organisation to attract more customers, which could adequately improve its market share and profitability. This could also help in generating more and more orders, which could allow the organisation to obtain adequate capital. However, certain benefit is also provided from the use of sustainable approach in the production function. The benefits of using sustainable approach are creation of business opportunities, improved marketing, improved branding, increase in cost saving, enhance staff, and adequate learning opportunities (Otley 2016). These measures and benefits are directly provided to the companies that use sustainable approach in their production. The current reward system at is relatively used by the organisation cannot be implemented in Malaysia, as the country has different societal values as compared to Australia. Certain modifications need to be conducted, where negative impact on productivity could be minimised. Evaluation of appendix a mainly helps in detecting and comparing the societal values between Malaysia and Australia, which is different in nature. Malaysian employees are keener on achievements and bonus, but are reluctant if adequate positions are not provided for their work (Renz 2016).Therefore, relevant promotions could be conducted instead of in sentence for the employees that adequately perform better than rest of the employees. However, monetary incentive could also be used as a secondary method for compensating the employees that does not achieve the criteria for promotions. From the relevant evaluation of appendix A, adequate societal values of Malaysia and we identified, which is relatively different from Australia and adequate modifications could only help in improving productivity of the company. The graph directly indicates that IDV, UAI, LTO and MAS are relatively lower in Malaysia as compared to Australia. However, the PDI in Malaysia is relatively higher than Australia, which indicates that absolute biasness of power could be conducted by the organisation (Noordin, Zainuddin and Mail 2017). Therefore, adequate changes conducted on the incentive scheme directly allow the organisation to increase productivity, while reducing the overall cost. Thee implementation of the overall sustainability measures could eventually help Malaysian facility to obtain sustainable culture, which in turn could improve productivity and reduced cost. In both circumstances, the employees and stakeholders will get benefits from the organisation. The implementation of the incentive scheme would force the employees to improve the productivity and attain relevant incentives (Hglund et al. 2016). Moreover, the reduction and cost could also help in improving profitability of the organisation. Implementation of Sustainable measure could also help in improving brand image of the organisation, which could boost the customer base. This might help value chain stakeholders to get benefits from the organisation. Reference: Cooper, D.J., Ezzamel, M. and Qu, S.Q., 2017. Popularizing a management accounting idea: The case of the balanced scorecard.Contemporary Accounting Research. Hglund, L., Holmgren Caicedo, M., Mrtensson, M. and Svrdsten, F., 2016. Management accounting of control practices: a matter of and for strategy. Inthe 9TH INTERNATIONAL EIASM PUBLIC SECTOR CONFERENCE, held in LISBON, PORTUGAL, SEPTEMBER 6-8, 2016.. Lapsley, I. and Rekers, J.V., 2017. The relevance of strategic management accounting to popular culture: The world of West End Musicals.Management Accounting Research,35, pp.47-55. Manyaeva, V., Piskunov, V. and Fomin, V., 2016. Strategic Management Accounting of Company Costs. Morden, T., 2016.Principles of strategic management. Routledge. Noordin, R., Zainuddin, Y. and Mail, R., 2017. COMPETITIVE STRATEGY, ELEMENTS OF STRATEGIC MANAGEMENT ACCOUNTING INFORMATION, AND PERFORMANCE CONSEQUENCES-A CONCEPTUAL LINK.Jurnal Akuntansi dan Bisnis,8(1). Otley, D., 2016. The contingency theory of management accounting and control: 19802014.Management accounting research,31, pp.45-62. Renz, D.O., 2016.The Jossey-Bass handbook of nonprofit leadership and management. John Wiley Sons. Soheilirad, S. and Sofian, S., 2016. A proposed model of the mediating effect of strategic management accounting on the relationship between perceived environmental uncertainty and firm performance.International Journal of ResearchGranthaalayah,4(1), pp.231-239. Turner, M.J., Way, S.A., Hodari, D. and Witteman, W., 2017. Hotel property performance: The role of strategic management accounting.International Journal of Hospitality Management,63, pp.33-43.

Intermarriage free essay sample

Intermarriage Intermarriage is the marriage between partners who are from different social, racial, religious, ethnic or cultural backgrounds. Intermarriage is also known as interracial marriage, interfaith marriage, and endogamy etc. This can be between any Christian, Jewish, Muslim, Buddhist or any other religion. Therefore, intermarriage affects how children are raised, a persons religious way of life, and can lead to possible family rejection. Intermarriage causes many problems to the couples who are in these relationships.Interfaith couples, who are of different religions, tend to live together in common law rather than in holy matrimony. According to a study made in 2006, 452,000 couples in Canada were of interrelationships. Families of prejudices tend to believe that interfaith couples marry to be rebellious against their parents. Couples in interracial relationships may have similar interests and educational backgrounds, but their family and cultural beliefs are different.Although it is possible for one or the other to convert to the others faith, many people choose not to. We will write a custom essay sample on Intermarriage or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This is because the process is too difficult since they have to compromise between on another to figure out which faith to follow or mix both of their two faiths together. A majority of Canadians today seem to be made up of hyphenations, such as Chinese- Canadian, African- Canadian, and afghan- Canadians etc. while other countries may have certain thoughts and biases on intermarriage, Canada has a different perspective. 3% of Canadians would approve of their child marrying a Christian, 39% would approve of their child marrying a Muslim, 46% would approve of their child marrying a Hindu, 39% would allow for marrying a Sikh, 54% would allow marrying a Buddhist and 56% would allow their child to marry a Jewish. Interracial couples face many challenges throughout their daily lifestyles. They undergo open hostility and intimidation, negative stereotyping, derogatory comments, isolation, and possibly being disinherited by their parents. Children of interracial marriages usually have some form of backlash as well as their parents.When raising children in these kinds of relationships, parents should realize that the child needs to embrace both cultures equally, rather than choosing between one or the other, because it will lead into the child not have any religion at all. Another factor to why intermarriage may be such a big problem is because if the children are looking to seek guidance or an explanation for certain things, they may not know where to turn because they either may not have a religion to turn to or they may be stuck in between choosing which faith is the correct religious way of life.Relationships that have both racial and cultural differences put a lot of pressure on the relationship, and this will lead to their children not having a religious way of li fe. And neither spouse want to offend their significant other, so only little to no religious activities would talk place in the household. A study was conducted in 2005, which stated that youth are likelier to have an interracial sexual relationship and marry interracially than older adults, which proves that the number of interracial marriages have gone up since the past (Russell, 2007). Stereotypes have been a leading cause from why many people stay away from interracial marriages. Many stereotypes are formed while observing people, but others are formed by the media. Some examples of stereotyping are that Asians are small, quiet, academic and that black people are loud and violent. People form stereotypes from what they’ve seen in the passed, but things have clearly changed (Ria, 2009). Cultures have many different views on interreligious marriages.Christians are the most open to intermarriages, because they believe that love has no limits. Christians who are open to intermarriage are known as liberal or progressive Christians. Although, Christians would have to get permission by the Pastor of the Catholic Church in order to be able to get married (New World Encyclopedia, 2009). Hindu’s accept intermarriage because they believe that one’s path to god, and one’s perception of god is the choice of the individuals (New World Encyclopedia, 2009).Jewish people once viewed intermarriage as a rebellious act toward parents, and a rejection to the Jewish lifestyle, although now it is a result of living in an open society. There are about 14 million Jewish people in the world, which results in not being that fond of other religions. Around 50% of Jewish people in the United States are marrying partners that are non- Jewish, and only 33% of that 50% are raising their children as Jewish (Katz, 2011). .

Free Essays on Contemporary Moral Issues - Abortion

Abortion has been one of the most hotly debated subjects of this past decade, with the sentiment conflicting between the groups labelled as â€Å"pro-choice† and â€Å"pro-life†, as if an imaginary line has been drawn in the sand creating an identifiable good or bad person based on the feelings they have towards the status of an unborn child. The vehement protesters for both sides have gone on to create public debate through many different means; some benign, some not. Lines become somewhat blurred when the situation turns them into a principal player in the decision about what is correct, especially if you are the one who is shaking a doctor’s hand after hearing the word, â€Å"congratulations†. I feel that I have a unique perspective on the entire idea of abortion, as I have personally witnessed or assisted with thirty-five vacuum desiccation abortions during my time with various medical facilities. My role in this situation was to provide moral support and simply a comforting presence to the woman undergoing the procedure. Truth be told, I have cried every time that I have been a part of the procedure, as it is extremely unpleasant and psychologically unsettling to the woman who is having the procedure done. Through this, however, I am still very set in my stance that abortion is morally permissible, and often a correct route of action, depending on the circumstances that surround the situation. As such, I also feel that a woman’s rights override those of the fetus. The situations that I am outlining below are situations that I have personally witnessed, and these have led me to be very firm in the opinion that I have, that the rights of a woman fully outweigh the rights of a fetus. First, to decide whose rights are paramount in an abortion situation, there should also be a consideration of the circumstances that brought about the pregnancy. First off, sometimes pregnancies can put a woman in direct physical harm. F... Free Essays on Contemporary Moral Issues - Abortion Free Essays on Contemporary Moral Issues - Abortion Abortion has been one of the most hotly debated subjects of this past decade, with the sentiment conflicting between the groups labelled as â€Å"pro-choice† and â€Å"pro-life†, as if an imaginary line has been drawn in the sand creating an identifiable good or bad person based on the feelings they have towards the status of an unborn child. The vehement protesters for both sides have gone on to create public debate through many different means; some benign, some not. Lines become somewhat blurred when the situation turns them into a principal player in the decision about what is correct, especially if you are the one who is shaking a doctor’s hand after hearing the word, â€Å"congratulations†. I feel that I have a unique perspective on the entire idea of abortion, as I have personally witnessed or assisted with thirty-five vacuum desiccation abortions during my time with various medical facilities. My role in this situation was to provide moral support and simply a comforting presence to the woman undergoing the procedure. Truth be told, I have cried every time that I have been a part of the procedure, as it is extremely unpleasant and psychologically unsettling to the woman who is having the procedure done. Through this, however, I am still very set in my stance that abortion is morally permissible, and often a correct route of action, depending on the circumstances that surround the situation. As such, I also feel that a woman’s rights override those of the fetus. The situations that I am outlining below are situations that I have personally witnessed, and these have led me to be very firm in the opinion that I have, that the rights of a woman fully outweigh the rights of a fetus. First, to decide whose rights are paramount in an abortion situation, there should also be a consideration of the circumstances that brought about the pregnancy. First off, sometimes pregnancies can put a woman in direct physical harm. F...

Accounting-System in Switzerland essays

Accounting-System in Switzerland essays Brainstorming: Accounting of Switzerland 4 We have chosen the Switzerland for several reasons. First of all Swiss accounting is neither examined in our textbook nor is it one of our native countries. This was one of the requirements of the exercise. Then we thought that Switzerland is interesting because of its cultural background. There are four languages spoken in the Switzerland, which is enclosed by 5 neighbours (Germany, France, Italy, Liechtenstein, Austria). The Swiss adopted the language of Germany, France and Italy and that led us to the assumption that the Swiss accounting probably might be influenced by at least one or even more of its neighbours. Another reason choosing Switzerland was the well-known banking secrecy and the importance of privacy and secrecy in general. To get informations about Swiss accounting we looked at the articles in newspapers, books, magazines and the Internet. Interestingly it seemed that even the professionals wrangle with the challenges of switching the accounting system. Because Switzerland isnt a member of the European Union it was interesting to examine to which extent the EU policy in terms of accounting influences Swiss accounting. Brainstorming: Accounting of Switzerland Switzerland has only very few natural resources and a restricted surface area (~ 41 million km ², 60% of the surface is alpine area) (source: derweg.org/laender/schweiz/schweieinf.htm). Foreign trade is essential for its wealth. The total population of about 7,200,000 and - associated with that - a relatively small domestic market is another factor which forced Swiss manufacturers to look for cross border trade. They need foreign markets in order to make investment in research and development worthwhile. The constitution of Switzerland was published in 1848 and guarantees freedom of the press and settlement, religious and association liberty. Paragon for the swiss institution was the institut...

Airline Regulation Essay Example | Topics and Well Written Essays - 500 words

Airline Regulation - Essay Example The first major benefit the airline industry would gain would be the safety of its passengers. Section 601(b) of the FA Act specifies, in part, that when issuing certificates, the FAA shall give full consideration "to the duty resting upon air carriers to perform their services with the highest possible degree of safety in the public interest . . ."  Why? Because safety is also related to profitability of an airline company! The first step would be to establish the fact that safety issue is not just about accidents, it is also about prevention. Accidents are few but they cost the company a lot of money in terms of insurance payment as well as bad publicity. In a study made by Mitchell and Maloney ( 1989) it was revealed that â€Å"found that share price falls can be attributed both to the projected future costs of higher insurance and to a brand name effect associated at-fault attribution â€Å" ( qtd from. Button,1997 ). Bad publicity is bad marketing and people lose trust in a certain carrier that is involved with frequent accidents. If management wants to avoid costs, then it must pay attention to its safety programs. The best possible way to change the management’s view about safety is to make a presentation that would justify safety as a way to minimize future costs. I would ask a group of industry specialists on safety to present to the management the benefits of safety to our company and relate it to financial matters. The only problem with the implementation of safety is that some airlines do get favorable treatment from the government. Popular participation from citizens such as lobbying in Congress as well as writing the government should put pressure to the government to be more tight in its monitoring and control of private airline companies. It is not evil to make profit out of rendering service, that is free trade. However, profit is not