Hm3 Essay Example | Topics and Well Written Essays - 250 words

Hm3 - Essay Example The pillar of Islam very relevant in context of the present global scenario is Zakat. The significance and relevance of the aforementioned verse is the cartoon controversy in which French cartoonists are making cartoon images of Prophet Muhammad (P.B.U.H.). In Quran, Allah has revealed that Muslims will hear abuse from some non-Muslims and the best course of action for the Muslims in response is to be patient and fear Allah. The significance and relevance of the aforementioned Hadith is because nowadays, ISIS is gaining strength in Iraq and Syria and it is killing many Muslims. Every few days, ISIS releases videos of brutal murders and killings of the Muslims. The aforementioned Hadith prohibits Muslims from engaging in such acts by defining a Muslim in a particular manner. Zakat is quite significant and relevant today because of the growing poverty globally. If every able person gave Zakat as per the defined manner in Islam, the poverty would have been totally eradicated from the world. These verse, Hadith, and pillar of Islam portray the concept of brotherhood, peace, and harmony by encouraging people to be patient, noble in character, and contributing to the development of society. Verily, the Quran, Hadith of Prophet Muhammad (P.B.U.H.), and pillars of Islam are all directed at making the world a better and peaceful place for

The UK Business Tax System for Small Business Research Paper

The UK Business Tax System for Small Business - Research Paper Example No-return systems are clearly feasible: thirty-six countries--including Germany, Japan, the United Kingdom, and several other industrialized nations--use some form f no-return system for at least some f their taxpayers (U.S. General Accounting Office [GAO], 1996). Moving to a no-return system, however, has implications for both the administrative and structural features f the tax system. Our goal in this paper is to identify and provide information on some f the major trade-offs involved. In exact withholding systems, the tax agency makes every effort to withhold the exact amount f taxes so that no end-of-year filing, payment, or refund is needed. Thirty-four countries operate exact withholding systems. These systems require taxpayers to report some minimal, nonfinancial information to either employers or the tax authorities. (In the United States, this would likely consist f items such as name, address, social security number, filing status, name, and social security number f spouse and dependents.) The proportion f taxpayers who have to file varies by country. About 90 percent f taxpayers eligible for final withholding in the United Kingdom did not have to file in 1991. In Germany in 1986 and in Japan in 1988-90, the corresponding figures were 46 and 63 percent, respectively. Moreover, even among wage earners, exact withholding can be difficult to apply accurately to everyone. Withholding errors can occur when earnings come from more than one source or when the taxpayer changes jobs, retires, marries, divorces, or has a child. These issues indicate the important interaction between tax structure and tax administration. If these tax systems had been set up to tax only wages, and to tax at a flat rate with no allowances, deductions, exemptions, or credits, exact withholding would work accurately for virtually everyone. Tax Agency Reconciliation Taxpayers may be relieved f the burden f filing even in systems that do not generate exact withholding. In tax agency reconciliation (TAR) systems, taxpayers can elect to have the tax agency prepare their return. Under a TAR system, tax filing occurs in four steps. Interested taxpayers provide basic information to the tax authority. Because withholding does not have to be exact, TAR systems may not place as great a burden on employers and other payers as exact withholding systems. Moreover, it may be easier in a TAR system to apply a progressive tax rate structure to a combination f income derived from different sources.  Ã‚  

Explaining Labour Marker Inequality and Discrimination Essay

Explaining Labour Marker Inequality and Discrimination - Essay Example Social institutions, forces, and traditions that discriminate against race and gender influence the labour market. This essay is an attempt to identify the theory that best explains the embeddedness of discrimination and inequalities in employment. This essay also discusses the limits to law, equal opportunities policies and collective bargaining as remedies to labour inequality and discrimination. Labour discrimination implies that, other things being equal, members of a minority group, women, and even disabled people do not enjoy the same privileges and opportunities in the labour market as do Whites and men. Discrimination and inequality in the labour market may be classified into three, namely, (1) occupational segregation, (2) employment inequality, and (3) wage inequality (Ackerman 2000, xxxvi). Even though people of colour and women both endure labour discrimination, the shape it assumes for each group is not the same. Studies on discrimination in the labour market have report ed that the recognisable features of race and gender are the determinant of occupation and pay (Whalen 1996). According to Edwards (1985), discrimination against people of colour and women in the labour market is reinforced and renewed through the forming of wage differentials. Hence, to maintain a pool of low-wage labour, a number of employees are methodically segregated, on the basis of their racial affinity or gender, from high-wage sectors of the labour market. A Theory of Labour Market Discrimination and Inequality Theories that are strongly established and commonly recognised in labour research have five attributes in common, according to Solimano (1998). First, as regards to their analytical feature, they are neatly clear-cut and basic assumptions vulnerable to mainstream ideas and sentiments. Second, correctly interpreted these basic assumptions possess extensive uses producing practically valuable predictions or a semblance of truth that is vividly interesting. Third, they address issues of social policy. Fourth, established theories usually communicate several basic ideological predispositions that have a substantial tradition (Solimano 1998). Ultimately, remarkable theories hold research programmes that encourage scholars to focus on some aspects and not on others for better knowledge of major concerns. Theories of labour market segmentation have an institutional and historical inclination, arguing that â€Å"jobs cluster in segments that differ systematically by the skill and training involved, job security and attachment, opportunities for advancement, breadth of job definition, level of worker participation in decisions, and compensation† (Whalen 1996, 200). Most existing knowledge about these subject matters originates from historians and sociologists. The theory of segmented labour market is generally related to a leftist or Marxist analysis (Solimano 1998). In order to prove that the theory of segmented labour market is the best theory that explains the embeddedness of discrimination and equality in the labour market, it is important to restate an aspect of the core issue in this arena. According to Kirton and Greene (2010), substitutes to the neo-classical theory of labour market emerged in order to clarify actual phenomena not likely to be understood through traditional theory. These real phenomena are associated with unemployment, poverty, and

Communication and practice within the early years environment Essay - 1

Communication and practice within the early years environment - Essay Example It will be a way for the practitioner to assess whether or not she is on the right track in terms of communicating effectively with children, parents, colleagues and other professionals and make the necessary amendments to be a better communicator. Interpersonal communication is the process of sending and receiving information between two or more people. Almost anything that takes place in work and personal life involves communication (Dubrin, 1996). It consists of verbal and nonverbal interactions which play a part in the effective exchange of ideas. Lefebvre (2008) advises that when speaking, one must also be aware of body language and tone and inflection of voice. She notes that different ideas may be conveyed by simply emphasising different parts of the statement. Being an active listener helps one understand the message being relayed to him. As the listener, one should hold his response until the speaker is done, and keenly observe nonverbal cues expressed. It must always be rem embered that communication is a give and take process. One must learn to wait his turn to be the speaker and the listener (Lefebvre, 2008). This is one important key in effective communication. Although currently, there are many available forms of communication, this essay will be limited to the discussion of face to face interpersonal communication, most especially in the context of the early years environment. It will draw specific, practical examples from the practitioner’s experiences in placement. Verbal communication or speaking out to another person is often accompanied by non-verbal language which includes facial expressions, gestures, posture, body language and tone of voice. Sometimes, such non-verbal expressions say more than the verbalizations of a person. Whereas verbal language must be delivered clearly for it to be understood, it is much more difficult with non-verbal language (Lee, 2008). With verbal language, most of the time, the verbalization is thought out first, before a person releases it. However, with non-verbal language, it naturally comes out, even without thinking. Hence, the non-verbal communication can sometimes betray what a person says when his actions are not compatible with his words. Usually, this is where miscommunication occurs (LeFebvre, 2008). An individual’s communication skills reflects his emotional intelligence. Goleman (1998) defines emotional intelligence as one’s capacity for recognising one’s own feelings and those others, to be able to motivate oneself and manage emotions well for one’s sake as well as for his relationship with others. This means that if one knows how he will react to a certain situation, he will be able to manage his communication style better and be able to send his message across effectively. Thus, it is essential that a practitioner becomes emotionally intelligent in dealing with various situations in placement in order to establish and maintain harmonious in terpersonal communication (Goleman, 2006). From the placement period with young children, the practitioner learned how important interpersonal communication is. Through daily interactions with children, they develop relationships that help them about themselves and the world that is why adults in the early years setting should be able to create and maintain positive and healthy relationships

The need of IFRS and the Problem of adopting it for UK Small and Dissertation

The need of IFRS and the Problem of adopting it for UK Small and Medium Enterprises - Dissertation Example It is tough to bring such a radical change in operational as well as financial aspects for these SME. These radical changes are not without their associated dangers and risks. This research paper tries to elucidate the benefits and the problems of adopting IFRS for SME and provides suggestion of adopting a middle path between benefit and associated risk. Table of Contents Table of Contents 3 CHAPTER I – INTRODUCTION 6 1.1 Background 6 1.2 Research Objective 7 1.3 Research Problem 7 1.5 Research Questions 8 CHAPTER II – LITERATURE REVIEW 9 2.1 Introduction 9 2.2 Theoretical Framework 9 2.2.1 Brief overview of the GAAP for SME 10 2.2.2 Brief overview of IFRS for SME 13 2.2.3 A brief overview of the differences between IFRS and UK GAAP 16 2.2.4 A brief overview of the small and medium scale enterprises in UK 19 CHAPTER III – RESEARCH METHODOLOGY 24 3.1 Sources of Data 24 3.2 Research Design 24 3.3. Construct Validity 25 3.4 Internal Validity 25 3.5 External Validity 25 3.6 Reliability 26 3.7 Administration of Procedure 26 3.8 Research Ethics 26 CHAPTER IV –FINDINGS AND DATA ANALYSIS 27 4.1 The need to change to IFRS from erstwhile accounting standards for UK SMES 27 4.1.1 Reduced cost 27 4.1.2 Less complexity 28 4.1.3 Greater transparency achieved through IFRS 29 4.1.4 Increase in the cross border trading 30 4.1.5 Increased cross border mergers and acquisitions 31 4.1.6 Easier access to capital 32 4.2 The problems associated with adoption of IFRS for UK SME 33 4.2.1 Recording same transacations in different formats 34 4.2.2 Global acconting system and IFRS does not rhyme 35 CHAPTER V – CONCLUSION AND RECOMMENDATION 35 5.1 Conclusion 35 5.2 Recommendations 36 5.3 Limitations of the Study 36 CHAPTER I – INTRODUCTION 1.1 Background In the past few decades both developed and developing countries witnessed an exponential rise in the number of small and medium scale industries. The rise of SMEs is buoyed by the support provided by the entrepreneurs and the banks as well as the financial institutions of these counties. The rise in the number of SME is 5% for all the countries. The small and medium scale enterprises contribute 14% to the GDP in countries like Oman (Arundel and Geuna, 2004). Developed countries and under-developed countries have the power to generate even more contribution of the SMEs towards the country GDP. In the wake of the financial crisis that gripped the whole of Europe starting from Portugal, Italy, Greece, Spain and Switzerland, a huge chunk of the SME in these countries got wiped out. These small and medium scale enterprises operated independently and there are few governing bodies to monitor the activities of the SMEs (Bates, 2004). The government spent a huge chunk of the sovereign money in constructing the framework to support the activities of the SMEs. On the other hand, the government did very little to install any regulatory framework to keep an eye on the financial as well a s operational activities of these enterprises. Although most of the enterprises follow the GAAP principles and procedures but it is felt that current procedures and principle are falling short to contain the incidents of â€Å"window dressing† of the accounting statements. 1.2 Research Objective The research objectives are set to guide the research aims for the research

Opportunities in the Hospitality Industry Assignment

Opportunities in the Hospitality Industry - Assignment Example Any part of hospitality industry such as theme parks, hotels regardless of its status and restaurants try to maximize the number of visitors and the turnover of the business. Almost all businesses in this line use various avenues for increasing their business and sales. One of these ways  is  eWOM.   The full form of eWOM is Electronic word of mouth and can be defined as the customer reviews that are posted on Social Media as well as other websites. The marketing experts have studied the importance and relation of eWOM with existing and future paying customers and the relation between content of  eWOMand increase in sales volume.   The main mediums of eWOM include blogs, social media sites such as facebook, pintereste, Twitter and others. This medium also includes various popular travel websites where most of the people do their bookings, chat rooms and other user-generated websites in this field. It is a fact that the hospitality business in UK must pay attention to these online reviews, as most of the potential customers prefer to check the reviews before booking of the room in any UK Hotel (Melià ¡n-Gonzà ¡lez, Santiago, Bulchand- Gidumal,, Jacques and Gonzà ¡lez Là ³pez-Valcà ¡rcel, Beatriz (2013)). Due to this, the hospitality industry should keep the  negative  reviews at minimum and positive reviews at the maximum. One way with which this can be done is to contact the person who  has  posted  negative  reviews and sort out the issue.   These studies also consider some factors such as the role of volume and valence of eWOM  for  an increase  in sales for future. The volume of reviews of any hotel affects the (RevPAR  revenue per room.  The valance refers to the ratio of positive review vs the negative review and has  a lot of effect over business of luxury hotels. The volume refers to the number of reviews posted on relevant websites, blogs and other social media (Melià ¡n-Gonzà ¡lez, Santiago, Bulchand- Gidumal,, Jacques and Gonzà ¡lez Là ³pez-Valcà ¡rcel,

Performance Management System for Managers Essay - 1

Performance Management System for Managers - Essay Example The performance management systems’ objective is to ensure that the right people are getting the bonuses, incentives and so on as well as point out the ones who have fallen short on the company’s expectations over a period of time. This would help in giving them rewards and incentives which will eventually make one and all happy at the end. Also, this will continue their desire to achieve more and more within a specified period of time and thus come into the good books of the company. In return, they can be given all these rewards so that they could be encouraged in line with their work attitudes. Moreover, the people who lag behind with regards to their work schedules and dedication levels will stand up and take notice and thus would want to be counted as the effective and efficient ones within the company as well. The key elements/processes would be in the form of bonuses, incentives, rewards and so on. The role played by the organizations in advancing their performan ce management systems is immense since a lot of the population depends on them for their needs and wants. This is met in a fair manner courtesy the E-government initiative adopted by several different companies and organizations. All such innovations which help and facilitate the related process must indeed be given thumbs up since these try to solve the miseries of the people and it is because of these people that the performance management systems are put into place originally. This further pinpoints the fact that the deployment of an efficient performance management system policy within the organization would indeed help it to essentially tackle its internal issues in a better and more effective manner possible. (Bassett, 1993) There is a lot of growth potential for the sales force to be automated in the business to business environments since performance management systems are in place, more so because the business to business scenarios boost a trend of interaction in between th e channel members no matter  which marketplace they hail from.