Financial Accounting Wealth Management

Question: Discuss about theFinancial Accountingfor Wealth Management. Answer: An accounting firm is an organization that provides various kinds of advices to their clients. More specifically, the accounting firms provide various kinds of accounting advices to their clients. These types of accounting firms use to be certified accounting firms. It can be seen that different kinds of accountants use to work in these firms. The role of these accountants is to provide various kinds of accounting advices to their clients on different topics like audit, tax management, wealth management, advice on different kinds of investments and others. The accountants of an accounts firm have many kinds of responsibilities to play. The customers or clients go to them with their different kinds of financial and accounting problems as they seek experts advice on their problem matters. The accountant advisors provide them the advices from best of their knowledge (Levy, 2015). In the provided case study, it can be seen that Joe Doyle has received a significant amount of money or property after the death of her mother. He wants this money to be invested in a renowned business organization so that he can get healthy returns in future as he has the plan to retire in an early age. Now, he wants to invest his money in Woolworths Limited, but he has detected some accounting issues in the financial statement of the company. For this reason, he seeks advice on these issues (Florou Pope, 2012). In this situation, a professional accountant in an accountant firm with a good knowledge and experience can provide the desired advice to Joe Doyle. The professional accountant deals with these kinds of matter on a regular basis. This is the reasons he knows that what needs to be done in these kinds of situations. The accounting profession is the kind of profession that needs some specific skills and qualities. There are some major accounting skills and qualities that an accounting graduate must have at the time of joining a graduate accounting job. Looking at the career path in accounting, there are some strengths and weaknesses. The major strength is accounting knowledge. In order to join a graduate accounting job, one must have sufficient accounting knowledge. It can be seen that accounting is the kind of profession where the bookish accounting knowledge is a crucial factor (Opdecam Everaert, 2012). The accountants need to apply their knowledge in accounting in order to solve different kinds of issues and problems in accounting. The next strength is to be ethical. In the profession of accounting, there are ample scopes to manipulate the financial data and information of the organizations. In this kind of situation, it is the responsibility of the accountants to be ethical in the profession . Another important strength is to be customer centric. In the profession of accounting, the accounts need to be devoted to the customers as all the problems in this profession are related to the customers. Time management and leadership quality are to major strengths as both are needed in the profession of graduate accounting. Apart from these strengths, there are some weaknesses. One of the weaknesses is the lack of practical experience (Hoyle, Schaefer Doupnik, 2015). As being an accounting graduate, there is not any previous practical experience in the field of accounting. This is a major weakness. Another weakness is the lack of exposure to the accounting problems. Due to not have any kind of previous experience in the process of accounting, there has not been any opportunity to expose to the practical accounting problems. These ate two weaknesses of the graduate accountant. References Florou, A., Pope, P. F. (2012). Mandatory IFRS adoption and institutional investment decisions.The Accounting Review,87(6), 1993-2025. Hoyle, J. B., Schaefer, T., Doupnik, T. (2015).Advanced accounting. McGraw Hill. Levy, H. (2015).Stochastic dominance: Investment decision making under uncertainty. Springer. Opdecam, E., Everaert, P. (2012). Improving student satisfaction in a first-year undergraduate accounting course by team learning.Issues in Accounting Education,27(1), 53-82.

While I Was Gone Essays - Jo Harvelle, While I Was Gone, Forever

While I Was Gone While I Was Gone was written by Sue Miller in 1999. The book was published by Alfred A. Knope, Inc in New York. This novel belonged in the genre of Fiction. The novel was relayed in memory when Jo was remembering her days with Eli and everyone in the house. This was about middle age and how people can get stir crazy. If someone's life is familiar and comfortable for too long, he/she starts to yearn for something more. When that opportunity comes along he/she will be so startled that he/she jumps at the chance. Jo Becker thought she had gotten rid of this desire to do different and exciting things. When a man from Jo's past arrived in her present life she was startled at first. Then she began to feel restless with her life because of a possibility of a new chapter in her life beginning. Jo went for this chance and almost ruined her life, as she had known it for so long. During this struggle she learned many lessons on life. While I Was Gone was written in the first person. Sue Miller chose to write the novel from this perspective to get the reader more into Jo's character. Sue could not have titled the book While I Was Gone if she had written in third person. If a reader reads a novel that is in first person they feel connected with that character. When something bad happened to Jo, the reader felt her pain. Some readers may have had emotions towards Jo that weren't what Jo was feeling. First person is also easier for writers to get into. Sue Miller only had to tell the story from Jo's perspective and did not have to worry about anything beyond her vision. This was what made the readers connect with Jo so much. Throughout Jo's life she ran. She ran away as a child, she ran away as a young adult, and at this point in her life she just wanted to run again. It seemed like the affair was just her unknowing way. Jo and Eli were similar. They both had something that they were holding in. They were going to explode if they didn't tell someone. They both made a mistake; they shared the information with the person it would hurt the most. Everyone has things they need to think about and some of those things are better kept private. Jo was someone who hadn't looked at her life with a great deal of care; she was a person of action. She was a very decisive person. That was what made Jo appealing. It was also what made it hard for people around her who cared for her deeply, to feel close to her at times. Jo was a secretive person, though she didn't do it on purpose. Her theory was that if it happened in the past, it was not important enough for her to share with the people in her life. She thought the in formation would only hurt the people she loved and completely unnecessary. Her loved ones felt differently when they found out about her past. They felt alienated and deceived. It took Jo a while to recover from the mournful eyes of her loved ones. Jo changed a great deal throughout the novel. At first she was not content in her life with her first husband. Then she reached out and changed her personality and identity completely. When one of her close friends died in that new life, she returned to her old life. It was almost like she was being repressed into a normal life. She divorced her first husband and remarried. Jo had three lovely daughters and a committed husband. After her 3 daughters grew up, she started to get antsy and fled back to her old life. She was crippled when it didn't work out and went crawling back to Daniel in sorrow. Jo had to live with her mistake for the rest of her life. They will never fully go away and there will always be something standing in the way of complete happiness with Daniel. You can forgive, but it was impossible to forget. Daniel

Is It Worth It essays

Is It Worth It essays Dexter King Confronts His Critics And Reveals His Dream There has been a lot of controversy surrounding Dexter King about his tight control of the King speeches, papers, and copyrights. In his new book, Growing Up King: AN Intimate Memoir, he confronts his critics and mournfully examines the effect his fathers death had on him as a child. Kings book describes in some detail the events of the night of April 4, 1968. Particularly about how he and his siblings were told by the Rev. Andrew Young about their father had been killed. Even to this very day it pains King to speak of the assassination. Now King is the CEO and president of the Martin Luther King Jr. Center for Nonviolence Social Change. He has endured a considerable amount of criticism from the media and others who are uncomfortable about his decisions regarding the center and the licensing of his fathers papers. King has been accused of peddling his fathers legacy to the highest bidder. There is a public dispute over whether M. Kings papers will go to the Library Of Congress and whether the family will be compensated for the papers. Some say the papers should be donated to the Library. Other critics have charged that the King Center itself is not involved in contemporary civil rights issues and does not supported direct action methods of nonviolence. King says the intention of the center is to educate organization, not to be a direct action organization. King says the Center is educating people on M. Kings real message which is deeper than the I Have A Dream speech. ...

Psychology (humanistic counseling) Essay Example | Topics and Well Written Essays - 1500 words

Psychology (humanistic counseling) - Essay Example Even the most advanced computers have trouble understanding the meaning of a simple story or conversation. Cognitive psychologists have found similar complexity in other mental processes. Developmental Psychology is the studyofchangesin human behavior and thought from infancy to old age. Developmental psychology is the study of how people change over time, but it also investigates how and why certain characteristics remain consistent over the life course. A child changes dramatically in size, physical coordination, and thinking capacity while maturing into an adult, for example, but may also maintain the same basic temperament while growing up. Traditionally,developmental psychologists have focused on child development, believing that most formative experiences of life occur during infancy and childhood. The early years are indeed a time of extremely rapid development, when children acquire motor skills, thinking abilities, social skills, capacities for feeling and regulating emotion, and other characteristics that will last a lifetime. But psychologists have more recently turned their attention to adolescence and adulthood, recognizing that development continues throughout the life span. The study of adult development focuses on the unique experiences of this stage of life and examines how adults maintain and refine their capabilities as they age. Thestudyofhumandevelopment requires an especially broad and integrative approach. Thus, developmental psychology incorporates ideas from almost every other area of psychology, including social psychology, cognitive psychology, biopsychology, clinical psychology, and educational psychology. It also draws from many other fields concerned with human behavior. These include sociology, biology (especially genetics and evolutionary biology), anthropology, and economics. The variety of fields relevant to developmental psychology reflects the complexity of human growth and change.(Microsoft Encarta 2007 1993-2006 ) 3. Biological Psychology Biopsychology, is thescientificstudy of the biology of behavior and mental processes. People also refer to this field as biological psychology, psychobiology, behavioral biology, or behavioral neuroscience. Thetermbiopsychology denotes a biological approach to psychology, rather than a psychological approach to biology. Most biopsychologists are trained experimental psychologists who have brought their knowledge of biology to the study of psychological phenomena. These phenomena include behavior and underlying psychological processes, such as learning, memory, perception, attention, motivation, emotion, and cognition. Biopsychologistswork in a variety of overlapping fields of study. Scientists in cognitive neuroscience primarily study the brain to understand the neural mechanisms of mental processes. Researchers in the field of psychopharmacology examine how drugs affect the psychological functions of the brain. Scientists in the field of

Internetworking Switches and Routers Module Written ASSIGNMENT

Internetworking Switches and Routers Module Written - Assignment Example Routing protocols are divided into four categories, which includes hierarchical, flat, geographic and Quality of Service (QoS) routing mechanisms (Eslaminejad 2011, p. 24). First, the flat routing protocols are used to reduce or omit the redundant information originating from the primary sensor nodes. In these protocols, the sensor nodes perform the same task as well as forwarding data to the sink nodes. Data centric methods are used in these networks in order to eliminate the extra information thus reducing energy consumption. Flat protocols use two data centric methods, which include Direct Diffusion and Sensor Protocols for Information via Negotiation (SPIN). The methods reduce energy consumed by the sensor nodes, thus elongating the lifespan of the WSNs (Sohraby, Minoli and Znati 2007, p. 109). In hierarchical routing protocols, data transmission is conducted by clusters rather than individual nodes deployed in the harsh environments. Clustering technique is a common method used in this routing mechanism so as to save energy consumed in the entire WSNs. Clusters formed in these WSNs consist of a number of sensor nodes. The individual sensor nodes send data to the cluster heads, which in turn aggregates that data before transmitting it to the base station. Large amounts of energy are, therefore, saved when WSNs use the clustering method. The mechanism operates in a hierarchical order where primary nodes send information to the cluster heads, which in turn send it to the sink nodes (Garcia-Hernardo 2008, p. 123). The QoS-based routing mechanisms employed in WSNs aim at ensuring there is a balance between the energy consumption and data quality. WSNs applying the QoS concept should satisfy various parameters such as the delaying time and bandwidth. SAR (Sequential Assignment Routing) is one of the protocols that apply the concept of the QoS. Application of SAR allows WSNs to withstand technical failures at low power consumption.

Mean-Variance Optimization “Stimulation Approach” Essay Example for Free

Mean-Variance Optimization â€Å"Stimulation Approach† Essay To use of the balance of payments as a barometer of the forces of demand for and supply of foreign exchange in the market, it is necessary to isolate those entries which respond to relative economic conditions from those transactions which are made solely to fill the gap between the initial supply of and demand for foreign exchange. â€Å"The current account balance is often considered to be a measure of these forces. In 1980 the U. S. current account balance showed a surplus of $ 3. 72 billion. † (Groppelli, 2000)This surplus indicates that the supply of foreign currency exceeded the demand for foreign currency used to trade goods, services and gifts between the United States and the rest of the world. In the absence of any other transaction in the balance of payments, this balance will tend to put downward pressure on the price of foreign currencies against the U. S. dollar. Presenting the return for the equally-weighted portfolio of funds, the value weighted portfolio of funds, the return on the S P 500 and the percentage of funds that the S P 500 index beats. Another common approach to determine the impact of balance of payments developments on exchange rites is to obtain a reading of the forces in the market, excluding the entries which reflect government intervention in that market, the overall balance, changes in the official reserves of the United States and in the dollar reserves of foreign governments are considered to be the buffer accounts which bridge the gap between private supply and demand for foreign currencies relative to the U. S. dollar. We develop and explore the open economy intertemporal model in a slightly different manner. It provides insight into the gains from intertemporal trade, and the determinants of the optimum composition of the balance of payments. Mean Returns and Standard Deviation: Low-risk profit is not typically associated with the management of foreign exchange exposure. The key to the success of the model is not in the superiority of its forecasting equations, since these equations are far more simple than most of the alternatives used in the forecasting industry at the present time. Instead, the success is due to the use of diversification present in the model. By taking account of the interaction between forecasts, extreme positions in any currency are avoided. Since forecast errors are often highly correlated, small market biases may be profitably exploited. Every decision has its own tools to use in where you will be able to map out the likely consequences of decision, as you work out the importance of individual’s factors and choose the best course of action to take. The result of the said decision must correlate with proper action to achieve success. Whatever else happens in that decision, the manager must give up some control, and it cannot operate without the input of those concerns, and follow the procedure which is included in the process it self. It does need a variation of strategies and it’s up to the management to choose from those choices. Each business has its own problems to take and they have several of practices and strategies to deal with, these practices and strategies have been cited in the management procedures particularly appropriate in decision making The length of time required to close the deal. Second, cash transactions are often easier to execute than stock transactions. However, the fact that mergers and acquisition are undoubtedly popular as methods of business growth may lead us to conclude that they are always successful. In practice, this is not always true. A number of studies have analyzed the performance of companies after integrations and the findings are not very encouraging. This is just one of the reasons why in recent studies that many corporate marriages failed to work and ended in divorce. Optimal Portfolio may have contributed to some integration failures. Corporate growth can be restricted by government, as companies are only allowed to establish a certain market share. The integration which would result in the new organization controlling of 25% of the market is generally subject to government scrutiny which often results in such an analysis being blocked. Being prevented from expanding in a related area may force some companies to take the more risky route of diversifications, acquiring a company making different products in different markets. Data: An organize data distribution is provided so that when needed it will be one click away from the old system. Whats more these systems assist the organization in attaining its goal and will have an edge from other competitors due to electronic data capture and distribution that will help the company to have a better business opportunity, all because of major development. It only means new and better systems that allow the company to serve their customers in a well-organized manner, it also lessens the company’s expenses but rather have an increase in accurateness of orders. All the resources and requirements must be clear and have some allocation for supposition and documentation for some issues that need to be revised. Compile all the documents under control, this will help you mange the alteration that you think is not needed to the project. If ever a major change is needed you have to adjust you’re costing and estimated time. Documenting this factors help you account the changes, furthermore you will be able to explain thoroughly to your clients and stock holders. Structured project management it should contains logic, organized way and has subsequent defined steps, so the company must apply a written method where in the description of logical, organized approach is being used. Easily justified and so predominate in evaluation, many such standards are used. Just as fantasies help group members create a shared reality from perspective, stories, within narrative theory help collectively structure experiences for group members and thus serve as a foundation on which members form a common bond. They are fundamentally descriptive techniques that should be used primarily. These statistical packages contain a set of statistical test and manipulations. Descriptive or non-parametric, simple regression, analysis of variance and multivariate analysis, it recommended that any reasonably large set of data be handled through a true database or spreadsheet as described above and these files be simply read into the statistical program. There are experimental designs used most often in social and administrative science researches are simple randomized designs, randomized block designs. Efficient Frontier: Efficient frontier incorporates many benchmarks that are used in financial analysis; namely earnings, gross margins, operating margins, working capital, leverage, growth rate, etc. A company has the ability to influence its operating performance through a number of internal and external means. These include selling more products via increased marketing, enhancing margins by lowering cost structure or raising prices, or entering into new markets or selling new product lines. International market can also play an important role in improving operating performance. And there is several aspect of corporate culture that should be considered in the context of understanding the impact those mergers in the organization. The numerous models of exchange rate determination proposed in the economic literature differ primarily in their treatment of the degree on integration of national economies into a global system. The first point of connection as is seen in the debate surrounding purchasing power parity, is the extent of integration of goods markets, the question being, how freely interchangeable are domestic and foreign-produced goods? Providing the basis for exchange rate management the asset approach is an improvement compared with the simple monetary model. In the asset approach the real exchange rate is given an explicit role. However, the approach is unlikely to provide an adequate basis for regulation, when the central bank is concerned about the variability of the exchange rate.

Sex Education In Schools Essay -- Sex Education Essays

"The Netherlands provides sex education starting in preschool and boasts the lowest teen birthrate in the world--6.9 per 1,000 women aged 15-19--a rate nearly eight times lower than in the United States."(Topic overview: sex education) Pregnancy among adolescent girls aged 15 to 19 is a high concern. Sex education has proven in many areas to be very beneficial. Sex education is a very controversial topic with parents. Sex education should be taught because it gives young people information which allows them to make an educated decision for themselves whether or not to have sex. Sex education makes the students aware of all the risks; it lowers birth rates, protects against medical problems, and allows young people to have charge of their lives. Teaching about sex to adolescents lowers birth rates in the United States. The editor of workblog and columnist at Washington Post, Ezra Klein wrote about how the birth rates in the United States have fallen to an all-time low. â€Å"The U.S. birth rate dipped in 2011 to the lowest ever recorded,† 63.2 per 1’000 women, says Klein. The Netherlands has the lowest teen birthrate with 6.9 per 1’000 women, and it’s all because teachers start providing sex education in preschool. Sex education needs to be taught earlier, maybe not preschool; but early enough to where kid’s haven’t heard all about sex yet, or made a decision on how to handle sex. Teaching kid’s at a young age about sex presents the consequences sex carries with it, and provides knowledge before students decide to start having sex. Rather than already experimenting with sexual activity and then getting taught everything about it, because it’s so much harder to stop some thing than it is to start it. All of the information doesn’t have... ...bout Contraception Is a Key Divide. â€Å"McClatchy-Tribune Business News 2013 oct 03: N.p. Web. 21 Nov. 2013. . Klein, Ezra. "Graphs of the day, Part 2: U.S. birthrate falls to lowest on record." Washington Post. (2012): n. page. Print. . Mccoppin, Robert. "Plan for Health Center at School Stirs Worries." Chicago Tribune2012 nov 19: 6. Web. 31 Jan. 2014. . Staff, Proquest. Topic Overview: Sex Education. N.p.: ProQuest LLC, 2013. Web. 25 Nov. 2013. http://skis.sirs.com. Sujata, K. "Getting to Responsible Sexual Health Education." Chicago Tribune 2013 may 17: 19. Web. 31 Jan. 2014. . "Teen Pregnancy:Medical risks and realities." WebMD. N.p., 07 July 2012. Web. 27 Feb 2014.