Exam 2 Assignment Example | Topics and Well Written Essays - 750 words

Exam 2 - Assignment Example The transactions of Canada in these first two quarters of the financial year in terms of capital account, current accounts and financial accounts did not balance but showed some shift in a negative manner to -16263 dollars. In the third quarter the balance of payments further increased to -17298 dollars while in the final quarter there was a noticeable change in positive manner to -14762 dollars. In the financial year 2013 the first quarter witnessed a steady positive change in its balance of payment to -14552 dollars. There was however a negative shift further in the second quarter to -14861 dollars. The third quarter of this financial year further witnessed a shift to the positive of its balance of payments to -14250 dollars. During the final financial quarter, the liabilities outweighed the assets to a further negative change up to -15251dollars. However, these changes were due to several contributing factors that kept changing towards either direction of economic shift. These cha nges occurred due to changes in current accounts, financial accounts and capital accounts. As evident in this statistics, the economic power of Canada lies majorly on imports than exports. This is the contributing factor in this negative balance of payments. The balance on goods, imports and exports improved but more on the negative with transactions with international business community shifting to the negatives and showing that the business was more on the inside than outside. However Canada can improve its BOP by improving its manufacturing industry and also promoting innovation and agriculture. This is because they form the major part of raw materials and ideas thus improving exports and lowering imports. Financial risk management must be undertaken in order to have the economy of a nation moving in a positive direction (Pestieau 2012). Failure to do this would lead to exposure to either credit or market risks. Analyzing

Payroll System Essay Example for Free

Payroll System Essay Chapter 1 INTRODUCTION Background of the Study Nowadays all establishment are becoming modernized, they use modern technologies to make their transaction fast, easy, and accurate in order to avoid waste of time and for the sake of safety and security. It also helps human to solve and understand complex problem and analysis such us the computational need of humans. Especially to business establishment or corporation processing enormous data and complex transaction. Payroll is an example of a complex transaction because it is a critical business operation dealing with numerous accounts and produce plenty and confidential files. Payroll is encompasses every employee of a company who receives a regular wages or other compensation due to each. In a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons. From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations (e.g. in the US payroll is subject to federal and state regulations). From an ethics in business viewpoint payroll is a critical department as employees are responsive to payroll errors and irregularities: good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from a paycheck. Companies typically generate their payrolls at regular intervals, for the benefit of regular income to their employees. The regularity of the intervals varies from company to company, and sometimes between job grades within a given company. Common payroll frequencies include: daily, weekly, bi- weekly (once every two weeks), semi-monthly (twice per month), and to a somewhat lesser extent, monthly. Less common payroll frequencies include: 4-weekly (13 times per year), bi-monthly (once every two months), quarterly  (ones every 13 weeks), semi-annually (twice per year), and annually. Payroll Systems reduces employer costs, liability, and administrative burden through integrated solutions. Advantages include: Flexible and comprehensive solutions that organize, integrate, and simplify complex business processes Liability reduction through diligent compliance systems, support, and oversight Accurate and reliable processing and reporting Secure data management and transactions Applying manual procedure on a Payroll transaction involving the vast beat answer in that problem would be computer because computers can simulate enormous data and can process complex transaction in a fast and efficient way. It can generate numerous accounts and data accurately. A Computerized Payroll System will not only provide accurate calculation and fast process of Payroll transaction but it will secure data through security implementation and accordingly arrange files provided by a well-designed database that will produce a paperless environment. The municipality of Sta. Josefa was created on March 1, 1965 under Republic Act. No. 1515. The municipality, as a political and corporate body, is mandated to ensure and support the preservation and enrichment of culture, promote health and safety, enhance the right of the people to a balanced ecology, encourage and support the development of appropriate and self- reliant and technological capabilities, improve public morals, enhance economic prosperity and social justice, maintain peace and order, and preserve the comfort and convenience of its people. Sta. Josefa’s primary vision is to grow as a prosperous and progressive agri-industrial municipality wherein people live peacefully in a just-clean and ecologically balance and God-loving community. Her mission is to promote genuine and active peoples participation in local development and governance geared towards equitable and stable economic growth based on agri-industrialization, accessible service delivery and sustainable environmental management. The municipality maintained three types of fund, namely; General Fund, Special Education fund, and Trust Fund. The general fund includes the economic enterprises which the municipality runs, such as  the Farm Level Grain Center (FLGC), the Sta. Josefa Water Development System (SJWDS), the Motorpool Operations and the utilization of the 20% Municipal Development Fund. Presently, Local Government Unit (LGU) of Sta. Josefa, Agusan Del Sur is practicing the manual process on their Payroll System. It has separate manual process for the Regular Employees and J.O (Job-Order) employees. The total number of employees in the Local Government Unit (LGU) of Sta. Josefa, Agusan Del Sur is 90 regular employees and 50 job-order employees. Statement of the Problems 1. Time consuming process of payroll preparation The LGU of Sta. Joefa still using the manual method of payroll process. A lot of jobs are assigned to the payroll maker and accounting clerk, with cause’s inconvenience to their services. In this method, it will need more time and manpower to complete the payroll of each employee. 2. Laborious payroll process Nobody could admit the inescapable fact that what makes the manual procedure take a long time to finish the task is due to the many steps and processes to undergo. There is the collection of data such as DTR, REMITTANCES, and individual manual calculation of payroll. Individual data is transferred through sheets, encoding and double checking after calculating. All this process requires labor and effort to complete the task. 3. Misposting and understating of employee’s data The logical process of manual procedure result to too much time consumption. It often times result in misposting and understating of each employees data of plenty of files that is hard to accommodate. Review of Related Literature Payroll System Development and Integration. The client provides Employee Benefits Consulting, Human Resource Services, Benefits Administration, and Payroll, Property and Casualty and other services for client companies, enabling them to focus on their core businesses. The Challenge The client had payroll as part of their vast array of services, but wanted to provide clients with a single system of entry to manage and process payroll data.  Ã¢â‚¬Å"We needed to make a truly payroll integrated product from two separate systems with different programming, different databases and different technologies,† said the company’s Director of IT. â€Å"It was critical to have the solution developed for us in a timely manner in order to maximize the benefits for our valued clients.† The new solution would have to integrate a recently acquired nationally recognized payroll application — ExecuPay — with the client’s already already-established Web-based human resources and based a benefits system, AccessHR. The solution needed to share data between the two databases of each product as well as provide web based screens to expose all the payroll functionality to the web-based users. All of this needed to be accomplished behind behind-the-scenes, without any loss of existing thought information or any complications for legacy users of the legacy HR benefits system, during or after integration. â€Å"Our biggest challenge was that we specialize in HR benefits administration and consulting, not in software development,† the Director of IT said. â€Å"We chose Arris because the company had payment,† insurance industry experience with some of their other clients.† The Solution Arris identified the detailed requirements for the payroll functionality by analyzing the ExecuPay client application and then reverse engineering it to seamlessly integrate a single environment reverse-engineering that would give the client the desired single point of access.

Essay --

With reference to one or two stars, discuss the ways in which they embody a star image. Draw on relevant academic reading in order to illustrate your answer and develop your argument. Christian Bale is increasingly becoming the biggest star in Hollywood from his phenomenal take on DC’s caped crusader or by portraying a man that hasn’t slept for a year in Brad Anderson’s The Machinist. However, Bale isn't only getting attention through his portrayal of these iconic characters but he is also being talked about due to his extreme weight loss for The Machinist and his rant on set of Terminator Salvation which he again plays a reboot of an iconic character John Connor. Christian Bale being able to embody a certain character and change physically just to get into a part is what I am going to explore within this essay. Christian Bale was born in Pembrokeshire, Wales on January 30th 1974 and found fame at the age of 13 after getting the part in Steven Spielberg's 1987 film Empire of the Sun. Although being born and brought up in the United Kingdom, almost all of Bale’s roles are American Characters. Due to this, within Bale’s films he uses a very realistic American accent to correctly portray his characters and to make the role as realistic as possible. Bale explains that Bruce Wayne/Batman is a very iconic American figure so fans of the franchise may have a hard time understanding why he is speaking with an English accent in interviews; so for Batman interviews he only uses an  American accent. His commitment to his roles causes him to remain in character almost constantly during the filming process and goes as far as using whatever accent he is using for that particular film in his interviews. Doing this causes him to completely embody ... ...ts himself that during the rant he was â€Å"half John Connor† and â€Å"half Christian Bale† showing the extent of how he gets in to characters for his films however, this is a clear example of how is not always a good thing. Bale won his very first Oscar for Best Supporting Actor after playing Dicky Eklund the brother and coach to boxer â€Å"Irish† Mickey Ward in David O. Russell’s The Fighter. The Oscar was received after Bale again dropped an enormous amount of weight to play the role receiving both praise and criticism for his ever changing weight as critics refer to it as his â€Å"trademark weight loss†. However, Bale hit back at critics illustrating that the weight loss is a vital part of the filming process as he is trying to embody the character of a crack cocaine addict saying â€Å"I don’t know about you, but I’ve never seen a welterweight with any fat on him - or a crack head†.

Information security Essay

The secrets of an organization are protected from competitors. Vital information to a business is protected from competitors by establishing a strong system of internal controls. Protecting the information relating to the operations of a business reduces losses to the business. Poor information security practices can creates a lot of costs to the business through; data recovery costs, loss of competitive advantage, cost of investigations, and others. The business builds confidence among the stakeholders when it protects its information. The use of technology has increased many risks upon the protection of information of a business. Organizations provide their employees about the guidelines to be followed to protect the information of the business (Chan, Woon & Kankanhalli, n. d. ). Issues relating to information security Many businesses have trade secrets which need to be protected from their competitors. If the trade secrets are stolen, the business may incur losses in terms of competitive disadvantages in the marketplace. The increase in competition in the global business has increased the need to protect information which may be used to out-compete a business. The international law protects the copyrights of each business and gives the authors of original information the exclusive right to use the information. The long term survival of the business in the market depends on the ability to withhold confidential information. Growth and expansion strategies are based on the ability to protect confidential business information. The management should determine which information is important to them and place strict measures to protect it (Chan, Woon & Kankanhalli, n. d. ). The increase in the use of technology has resulted into exposure of internal information about a business to many risks. The computing technology has created information risks which force the management to introduce systems which ensure the protection of information. â€Å"In the recent years, organizations have increased spending on both physical and IT security technologies,† (Chan, Woon & Kankanhalli, n. d. , pp. 3). However, several security incidences continue to occur despite the implementation of the security technologies. The internal security issues are done by the employees when they have errors in their operations or they deliberately misuse the information of the organization. Most of the external threats an organization encounters are linked to the internal staff (College of Education n. d). To protect the information contained in the internet and computers, an organization should use passwords. The passwords should be known to the concerned individuals in the organization and should be changed regularly to ensure safety of the data. The information should be under the control of a responsible person and these individuals should be answerable to the management of the organization. Access to the confidential information should be allowed to a limited number of employees (College of Education. n. d. ). The management should educate its employees about security issues of the data they handle. Some employees may not have knowledge about the confidential information of an organization and they may expose it to competitors without knowing. The use of such information should be limited to the organizational activities and should be protected against competitors. Employees should be taught how to use the passwords to ensure information security. The emails of the company should be provided with strong passwords to ensure no hackers can access information (Tenby, 2002). The government has regulated some businesses and industries which have great influence to the nation by regulating the use of information. The regulations depend on the nature of the institution and its role in the economy. For example, financial institutions and healthcare companies have been regulated since their contribution to the economy affects many sectors. Laws are established to protect the interests of the organization and to ensure the business environment is conducted in a fair manner (McConnell & Banks). The Sarbanes-Oxley Act was established in 2002 to regulate the protection of businesses as well as improving corporate governance. The Act was introduced to prevent the misuse of corporate information by the professionals especially the auditors, accountants and the managers. The Sarbanes-Oxley Act of 2002 was created to address the high rate of failure by publicized businesses, restatement of financial statements and the corporate improprieties. The act requires the management to be responsible for ensuring adequate internal control measures are in operation within the organization. The auditors should report about the effectiveness of the internal controls during the annual audit reporting. The management should introduce internal controls which protect the information of the business as well as ensuring the professional activities are implemented successfully (McConnell & Banks). Conclusion Information security is of great importance to the business since it prevents competition from other businesses in the market as well as preventing the misuse of information by the employees. Technology has increased the risks associated with the use of information. A large number of frauds committed in the organization are initiated by the internal staff of the organization. The management should provide a system of accountability where the staff should be responsible for the information provided to them. The management should ensure the employees have adequate knowledge about protecting the information of the organization.

Foreshadows and Suspense the Lottery

Many of the seemingly innocuous details throughout â€Å"The Lottery† foreshadow the violent conclusion. In the second paragraph, children put stones in their pockets and make piles of stones in the town square, which seems like innocent play until the stones’ true purpose becomes clear at the end of the story. Tessie’s late arrival at the lottery instantly sets her apart from the crowd, and the observation Mr. Summers makes—â€Å"Thought we were going to have to get on without you†Ã¢â‚¬â€is eerily prescient about Tessie’s fate. When Mr. Summers asks whether the Watson boy will draw for him and his mother, no reason is given for why Mr.Watson wouldn’t draw as all the other husbands and fathers do, which suggests that Mr. Watson may have been last year’s victim. Jackson builds suspense in â€Å"The Lottery† by relentlessly withholding explanation and does not reveal the true nature of the lottery until the first stone hit s Tessie’s head. We learn a lot about the lottery, including the elements of the tradition that have survived or been lost. We learn how important the lottery is to the villagers, particularly Old Man Warner. We go through the entire ritual, hearing names and watching the men approach the box to select their papers.But Jackson never tells us what the lottery is about, or mentions any kind of prize or purpose. She begins to reveal that something is awry when the lottery begins and the crowd grows nervous, and she intensifies the feeling when Tessie hysterically protests Bill’s â€Å"winning† selection. And she gives a slight clue when she says that the villagers â€Å"still remembered to use stones. † But not until the moment when a rock actually hits Tessie does Jackson show her hand completely. By withholding information until the last possible second, she builds the story’s suspense and creates a shocking, powerful conclusion.