Corruption between inmates and correction officers Term Paper

Corruption between inmates and correction officers - Term Paper Example Interestingly, there is no formal definition of correctional corruption. However, the penal codes define corrupt acts to be: acceptance of honorarium, bribery, accepting sexual favors and improper influence; but, they do not authoritatively describe what constitutes corrupt. Corruption is always evident as an abuse of power, whereby individuals presume that the use of power leads to the achievement of a purpose other than what it granted. In correctional facilities, there are instances of promotion or hiring of a less qualified staff based on their relation with the supervisor. Some of the inmates may receive preferential treatment from the security personnel on the grounds that they serve as house trustees. A group of inmates may be denied their civil rights or privileges because of their faith or religion (Souryal, 28). On the other hand, use of oppression is also a form of corruption that is evident in correctional facilities. A warden may pile up charges on an inmate or an office r, which they did not commit, because of ethnicity or race. In some instances, officers and inmates may experience physical abuses, which are permitted by others, due to their different lifestyles. In the prison context, there are three metrics which generally define corruption, that is, Acts of Misfeasance, Acts of Malfeasance and Acts of Nonfeasance. Acts of misfeasance are the illicit acts, which the correction officers are supposed to undertake, nonetheless, they willingly contravene for personal gain. These acts are more often than not committed by high-ranking officers in the correctional hierarchy or by outsiders, who are linked to the prison facility through professional or political appointment. Generally, acts of malfeasance are committed by prison officers at the middle or lower management levels. These acts involve acts of misconduct or criminal acts, which the officers intentionally commit in violation of agency rules and regulations and/or state laws (Souryal 29). Acts that are in this category are trafficking of contraband, embezzlement, extortion, official oppression and the exploitation of inmates or their families for goods, money or services. Lastly, acts of nonfeasance involve avoidance or omission knowingly committed by prison officers who are responsible for undertaking such acts. These acts are common in the correctional facility despite an officer’s rank. There are two types of nonfeasance: an officer ignoring a prisoner’s violations of the institutional laws and the failure to report other officers of misconduct as a repayment of an earlier favor or personal loyalty. Additionally, there are other metrics that can be used to measure corruption in correctional facilities, which are drawn from the Path-Driven Taxonomy of Corruption Metrics. It is composed of four metrics, which are: Political-Economic-Social (PES) metrics; Public Administration (PA) metrics; Citizen Engagement (CE) metrics and Cultural (CU) metrics. In the c orrectional facilities context, the PES metrics will examine the general conditions and draw a parallel between situations or events, which make the occurrence of corruption to be very high in the prevention stage. In addition, it will also measure the existence or insight of existence of corruption in the correctional facilities; its different units and partners in the detection stage of corruption. Furthermore, the metrics will also focus on the perceived or existent actions to fight

((((MYCROLAB)))) group project Report in subject of NEW PRODUCT Essay

((((MYCROLAB)))) group project Report in subject of NEW PRODUCT MAMAGEMENT - Essay Example Market segmentation, targeting and positioning are the three major approaches which are applied by the marketing departments in their endeavors to achieve organizational goals. Of the three steps mentioned above segmentation is the first one to take on. In market segmentation, segment variables are identified and the market is segmented accordingly. The segmentation allows the company to focus on the demands of the targeted market and fulfill its demands. It seeks to differentiate between various segments of a market and addresses to the needs and requirements of each market. In this way they make products and introduce services which are specifically meant for that particular segment of the market only. There are various approaches that can be applied in the segmentation of market. Company would thus, be able to create its identity in all its major market segments. Different marketing and communication strategies could be applied for each segment keeping in mind, the respective cons umers in the segments. (Dickensin, 1987) The market is segmented according to the Business market segmentation. The segmentation has been done according to the following bases: geographic segmentation, customer type and buying behavior. Geographic segmentation gives us secondary segment which includes metropolitan and regional hospitals. Customer types and buying behavior usage patterns blend together to give us the primary segment -who are medical practitioners and local GPs- and tertiary segment including medical charities and humanitarian support organizations. In market segmentation, we have grouped customers and non-customers with similar characteristics. These characteristics include similar economic, biographic and usage behavior. Biographics are considered because Mycrolab is a health related diagnostic system and is mostly used by people in health services or people with health issues or health conscious. Moreover product related segmentation have also

Nathan Songs of Silence Essay Example for Free

Nathan Songs of Silence Essay The chapters of Songs of Silence hold together as a chorus of songs from one community, but shaped by the recollections of a narrator whose perspective ranges from the innocence of childhood to the maturity of a young adult who emerges unbroken from a failed relationship. One such chapters is ‘Nathan’ and here the narrator is the reflective adult with a sophisticated notion of the wide range if meanings ‘silence’ holds. Through the character of Nation she is able to present some aspects of this theme, which runs throughout the text in many different ways. Nathan acts strategically without words, but with potent meaning – revenge (poking Tony’s eye). Silence is a characteristic feature of Nathan’s personality, which is deep and profound even though he uses few words. The absence of words can mask/hide a great deal (still waters run deep). Nathan’s deep and profound silence was evident even from his birth and the close connection he had with his sister, the narrator – ‘†¦soulmates, welded together by our common need for silence.’ They both started speaking late. However, her silence was different from his – ‘he was a man of dark blue silences,’ while hers ‘hers was a silence of moons.’ Here the narrator suggests that contrary to the saying ‘silence means consent’, silence does not always mean ‘consent’ or agreement nor are all silent people to be treated the same. The ‘manna manna manna mahkita’ game establishes the communication between the narrator and Nathan. It has unspoken personal meaning for them and suggests that its ritual is saturated with almost religious or spiritual significance. It shows that codes of communication which may appear insignificant or meaningless to others looking on, may be a way of expressing connections that (known) words cannot express. The different silences of the siblings allow them to explore, define and find their own authentic selves in their own ways. (E.g. The narrator and the ants, Nathan and his tightfistedness with money). Silence, like money, can express identity.

The Development Of Accounting In Malaysia Accounting Essay

The Development Of Accounting In Malaysia Accounting Essay A tendency towards adopting the style of accounting institutions and practices of western developed countries that colonized the developing countries has been dominated in the latter countries (Ali, Lee West, 2008). Apparently, the Malaysian accounting development is strongly influenced by the accounting framework that the United Kingdom (UK) applied. The British colonial presence can be considered as a key phrase that brought about the noteworthy influences and changes on the Malaysias history. Such influences and changes can be traced back to the 1785, the time that the approval of occupying island of Penang and building fort in there is granted to the Francis Light, a former British naval officer and private trader, from the sultan of Kedah. In 1786, Light established the settlement of George Town on the island of Penang. The contribution of turning Penang Island into a state with free-trade policy that Light made helps the Malacca to be the premier trader center in the Malay Peninsula. Presence of British colonial is continuously expanded by the official of British East India Company, Thomas Stanford Raffles, and Tengku Hussein, a contender for the throne of Malacca, on the Malay Peninsula in 1819. An agreement of consenting the British settles and establishes trading port in Singapore is reached between Stanford Raffles and H ussein in exchange for the formal recognition of Hussein as the sultan of Malacca. The advantageous geographic location and free-trade policy that Singapore possesses assist in attaining the astonished financial success. In 1945, British resumed its control for the purpose of establishing themselves as a durable administrative power. Because of the ethnic tensions often influence political arrangements, therefore, British proposed and implemented the Malayan Union plan in 1946. However, the problem of ethnic tensions still exists even though the British has taken action to promote the national unity among different ethnic groups. An Alliance partnership is established and which comprises United Malays National Organization (UMNO), Malaysian Chinese Association (MCA) and Malayan Indian Congress (MIC) from 1952 to 1955. In fact, the Alliance won the municipal, local and the federal elections and thus emerged as an agent for unified Malayan interests. Malaya gained independence from Br itish in 1957 (Library of Congress, 2006). The independence of Malayan State since 1957 has transformed the Malayan economy into a new era of development. History of accounting system in Malaysia marks its opening of the use of accounting standards and practices after the pullout of Britain with subsequent accounting development significantly influenced by the after-effect of British colonization. The Malaysian Association of Certified Public Accountants (MACPA) has became the first accounting bodies to be established in the Malayan State in 1958 with the aim of advancing accounting professions in all aspects and to educate the appropriate accounting practices and standards to businesses in Malaysia. Subsequent efforts have also been made in line with the British colonial effect as the government has passed the Companies Act 1965 and Accounting Act 1967 that are both based on the laws and regulations developed in the UK during the 1960s. Apart from this, compromise of the non-Malay rights could not be hindered by prejudicial legislation or governmental intervention is reached because of the British colonization. As a member of the Commonwealth, it is almost inevitable that Malaysia is highly influenced by any changes in the legal, economy, culture and politics environment of UK. This is especially true as the Malaysian Accounting Standards Board (MASB) constantly reviews and updates the Malaysian accounting standards if the accounting standards in UK have made any amendments. The cultural-based theory of the Hofstede-Gray framework is applied for the aim of explaining the differences or deficiencies in accounting practices. In fact, the Hofstede-Gray theory is widely used by a number researcher as the accounting values and the cultural dimension is associated with the theory. Based on the surveys that the researchers conducted, it is noted that the Grays approach is probably the most well-known exponent of the cultural approach to understand the nature of accounting practices, while the Hofstedes approach is just one of a number of ways to study culture. The use of the Hofstede-Gray theory helps the researchers to understand the way the national accounting practices are formed (Parera, 1989) (Gerhardy, 1990) and to determine normatively whether the accounting techniques are appropriate to the particular countries (Baydoun Willet, 1995). According to Figure 1, it can be seen that the Hofstede-Gray theory is a combination of, Grays accounting values which include professionalism, uniformity, conservatism and secrecy with the Hofstedes cultural values which comprise power distance, uncertainty avoidance, individualism and masculinity. Basically, there are two different perspectives to determine the culture and classification, to be precise, one from the Gray perspective and another from Hofstede. From the perspective of Gray, Malaysia is a country with high statutory control and uniformity in terms of authority and enforcement. While from the view of measurement and disclosure, Malaysia is a state with high secrecy and conservatism and which can be evidenced from Figure 2 and Figure 3 respectively. However, Malaysia scored high on the power distance and masculinity, yet scored low on the uncertainty avoidance and individualism on the Hofstedes standpoint. According to the survey conducted by Itim (2012), Malaysia scored 104 on the dimension of power distance. It can be explained that hierarchical order is acceptable for the Malaysian and hence inherent inequalities as well as centralization are possible to be reflected, but leadership and gaps of authority are challenging if there is hierarchy in the organization. Furthermore, with a score of 50, Malaysia can be considered as a masculine society, a highly success-oriented and driven. Generally, equity, competition and performance are the main concern in the masculine society. For instance, attitude of ferocious and no holds barred battles might happen between candidates during the election. Moreover, Malaysia is a low preference for uncertainty avoidance as it scored only 36. In such dimension, there is no any ambiguous or unknown situations exist due to the culture of relaxed attitude permeates. Besides, a mark of 26 is scored and it means that Malaysia is a collectivistic society. T herefore, a low degree of interdependence manifests that there is a close long-term commitment among members and the culture of loyalty is the uppermost concern and overrides most of the societal rules and regulations. Regulatory framework of accounting is established for the purpose of providing high quality and reliable information to satisfy the needs of external users. In fact, it plays a major role to ensure that the financial statements are prepared by the organizations in accordance with the rules and regulations (Collis Hussey, 2007). In Malaysia, existing companies are required to comply with the rules and regulations such as Companies Act 1965, Financial Reporting Act 1997, Accounting Standards, Income Tax Act 1967, the Securities Commission Guidelines 1995, Kuala Lumpur Stock Exchange (KLSE) Listing Requirement and Bank Negara Malaysia Guidelines, etc during the process of preparing and presenting financial statements. Thus, it is obvious that regulatory framework is developed in the field of accounting profession, company law, auditing, taxation as well as stock exchange and implementation is taken in order to provide a true and fair view. It is known that there are four professional accounting bodies in Malaysia, namely, Malaysian Institute of Accountants (MIA), The Malaysian Institute of Certified Public Accountants (MICPA), Malaysian Accounting Standards Board (MASB) and Financial Reporting Foundation (FRF). Fundamentally, MIA is a statutory accounting profession which is established according to the Accountants Act 1967. The establishment of such accounting body is to regulate and develop the accountancy profession in Malaysia. Hence, MIA is responsible to meet and maintain the education, quality assurance as well as enforcement for the aim of ensuring that credibility of the profession is maintained and the public interest is continuously upheld. In addition, MIA also has the ability of monitoring the international and local accounting trends and developments as well as consulting regularly with the government and regulatory bodies. According to the MIA Official Website, it is noted that MIA not only plays a signi ficant role in the Malaysia, but also international and regional arena. Evidence of the involvement in ASEAN Federation of Accountants (AFA) and International Federation of Accountants (IFAC) to develop and advance the global accounting professional bodies can be proved. Furthermore, such involvement also enables MIA to work for the betterment by bringing home to the latest developments in the overseas. Indeed, there is a requirement provided under the provisions of the Act and stated that the person who is registered as a member of MIA only can be recognized as an accountant. Because of being as a member of International Auditing Practices Committee (IAPC), therefore, MIA is responsible to support the IFRCs work and also determine International Accounting Standards (IAS) as the basis of approved standards in the auditing field of Malaysia (MIA Official Website). On the other hand, MICPA is the accounting profession who is established in 1958 according to the Companies Ordinances and is formally called as The Malayan Association of Certified Public Accountants; while MASB is established as an independent authority according to the Financial Reporting Act 1997. The MASB and the FRF make up the new framework of financial reporting in Malaysia. Basically, FRF has no direct influence on standard setting as such duty is solely rest on MASB. Therefore, FRF is responsible for the oversight of, such as MASBs performance and initial source of view for proposed standards. Moreover, there is also a professional body for company secretary and administration, that is, Malaysian Association of the Institute of Chartered Secretaries Administrators (MAICSA). Besides, the Malaysian Association of Accounting Administrators is the profession who is formed to recognize the two-tiered of professional accountant and is sponsored by MIA. Companies Act 1965 (CA 1965) is published by the Commissioner of Law Revision yet the Company Commission of Malaysia enforces and administers it. Basically, it is the principle legislation developed to govern the formation and procedure of companies existing in Malaysia. The CA 1965 not only provides formal rules on accounting such as presenting financial statements in a true and fair view, but also enacts a provision to protect the rights and interests of shareholders and investors. For example, according to the section 167 of CA 1965, all of the Malaysian existing companies are required to keep and maintain proper accounting records so as to have the ability to explain companies transactions and financial position sufficiently and subsequently enables the true and fair view from all of the accounting information. Apart from this, the requirement of preparing accounts and reports based on the Approved Accounting Standards (AAP) that MASB issued as well as complying with the disclosu re requirements of the Ninth Schedule of CA 1965 are developed for every company for the purpose of delivering the companies affairs with a true and fair view. According to the CA Malaysia, there is a need for the appointment of approved auditors to audit the companies accounts and present true and fair view as well as stress on the auditors independence for companies that are operating in Malaysia and registered under the Companies Commissioner of Malaysia. A standard setting body with the ability of functionally independent is established by MIA and which is operating under the assistance of the latter accounting profession and is called the Auditing and Assurance Standards Board (AASB). AASB plays an important role in the development of accounting and auditing field in Malaysia. It can be evidenced from the need of promoting and ensuring high quality professional standards to be adhered and subsequently lead to the international convergence of standards. In addition, AASB also has the responsibility of the consideration for the new or revised International Auditing and Assurance Standards that International Auditing and Assurance Standar ds Board (IAASB) issued for Malaysia to adopt. Furthermore, AASB is required to review and deliberate any issues and developments that are derived from other jurisdictions that is relating to auditing practices in Malaysia. Moreover, the Audit Act 1957 also states that there is a close link between accounting and auditing, for instance, auditors are responsible to audit accounts that are prepared by professional bodies. It is generally known that types of tax in Malaysia include personal and corporate income tax, goods and service tax (GST) real property gains tax (RPGT), etc. In fact, Malaysia is a self-assessment tax regime (SAS) as it is shown in the Year of Assessment 2010 (YA 2010) that different classes of people is subject to different percentage of tax rate. Basically, the establishment of Income Tax Act 1967 (ITA 1967) is to determine the chargeable income and the tax payable and ascertain whether it is reasonable to the tax payers. The imputation system is used by companies to compute the tax. In fact, taxes paid by the companies on its profits are used to frank dividends paid to shareholders. In Malaysia, the RPGT is re-introduced and which is stated in the Real Property Gains Tax (Exemption) (No. 2) Order 2007, only for the disposal of real property held for five years or below is subjected to the RPGT of 5% and it is only applicable to the capital land transaction In terms of the GST, i t is the indirect tax or value added tax (VAT) that imposed on both local and imported goods and services. It is proposed by government for the purpose of replacing sales and service tax, but implementation has not been taken. It is noted that taxation is considered as parts of the business expenditure. Thus, it is important for the companies to comply with the ITA 1967 during the process of preparing and presenting the financial statements as well as the statement of computation of chargeable income. Companies are required to prepare both statements due to the double deduction, non-taxable, non-deductible and deductible issues. KLSE is the stock exchange holding company in Malaysia and is developed in accordance with the section 15 of the Capital Markets and Service Act 2007. In 2004, it is renamed and is currently called as Bursa Malaysia Berhad. The establishment of Bursa Malaysia Berhad is to allow the activity of trading of shares can be provided in the market and subsequently assists in enhancing competitive position as well as responding to global trends. There is no authority and legal power for the Bursa Malaysia Berhad to execute compliance. Hence, penalty of reprimanding, suspending and de-listing in the stock exchange would be imposed to the errant companies. For example, listing companies have to follow the rules and regulations of the clause 335 of the listing manual during the process of preparing and presenting companies annual audited accounts and making sure that all of the companies accounts are prepared based on the CA 1965 as well as the AAS. The listing requirements are set by the Bursa Malaysia Berhad in order to regulate the public limited companies (PLC) in terms of the submission of reports and additional disclosure. Apart from this, there is also another requirements which established by the Bursa Malaysia Berhad for the purpose of enhancing the disclosure of information on corporate governance via the promotion of greater transparency and accountability. In 19th November 2011, MASB established the Malaysian Financial Reporting Standards (MFRS) for the purpose of bringing the Malaysian accounting standards to be fully International Financial Reporting Standards (IFRS) compliant. Basically, MFRS framework make up of the existing as well as the new and revised accounting standards that are issued by International Accounting Standard Board (IASB). The primary objective of such convergence is to reduce the gap between Financial Reporting Standards (FRS) between the IFRS and subsequently facilitate the transparency and the comparability of the companies financial statements. However, there is several inconsistency exist such as IAS 41 Agriculture and IFRS 9 Financial Instruments and hence are not adopted by the MASN during the process of narrowing the gap between FRS and IFRS. In terms of the presentation of financial statements, MFRS 101 or FRS 101 stated that PLC that operating in Malaysia is required to prepare and disclose the financial statements including, statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows and the notes to account. In fact, the MFRS 101 or FRS 101 is the same with the IAS 1, which is the presentation of financial statements. Basically, MFRS 127 or FRS 127 is established for the purpose of enhancing the relevance, reliability and comparability of the information in the parents separate financial statements as well as the groups consolidated financial statements. In Malaysia, a requirement of using uniform accounting policies for reporting is set for the group to follow. Furthermore, there is a need for entity to follow the IAS 39 Financial Instruments: Recognition and Measurement if it is required to present separate financial statements or investments in subsidiaries by the local regulations. The MFRS 127 or FRS 127 is consistent with the IAS 27, Consolidated and Separate Financial Statements. In 1974, Malaysias top 80 firms in the KLSE have half of it shares owned by foreigners while the other half is mostly controlled the Malaysian Chinese. However, government has gradually transformed these firms into stated owned enterprises which have almost 40% of the Malaysias market shares owned by the government. Major changes came in during the 1990s where most of these state owned companies have went into privatization. Till now, companies have been developed into several forms mainly the sole proprietor that business is solely owned by an individual, partnership where two or more persons jointly owned the business with unlimited liability, private limited company that must at least have 2 and maximum of 50 members, public limited company that is able to be listed in KLSE to offer subscription of shares to public. Foreign currency translation has been one of the uprising factors that companies in Malaysia are needed to take note of because of the increase and extensiveness of globalization in the business context. Foreign currency translation can be defined as the conversion of currency accounting figures from one country to another due to differences financial reporting requirements. This means that different countries would have different functional currency and multinational companies are required to translate its foreign operations or transactions that use functional currency into the required presentation currency for its financial statement. Malaysia needs to pay extra attention to the accounting development in relation to the aspect because Malaysia is one of the largest palm oil and crude oil producer which both are mainly transacted in USD around the world. Most of these companies would use USD as their functional currency which induces translation risk when it is converted into the p resentation currency. Thus, the accounting standard of foreign currency translation which is MFRS 121 will take into account the effect of the currency translation changes or risk that the companies faced with the use of appropriate recognition and measurement method developed by IFRS. It is a known fact that the accounting development in Malaysia over the last 15 years has been based on the accounting principles that MASB adopted while recent accounting practices has seen accounting profession exercising its responsibilities that are comply with MFRS. MFRS is nevertheless the latest accounting principles that Malaysia accounting is accounted for which equivalents with IFRS and apply in any accounting period from or after 1 January 2012. This marks the first time adoption of MFRS for annual periods in Malaysia and is an effort by MASB to implement Malaysias accounting policy to be in line with the convergence project initiated and developed by IASB and FASB. The previous FRS is then replaced by MFRS to place full convergence on Malaysia accounting standard in order to cope with globalisation and to ensure Malaysias business is on the same field at international level. Some major elements of MFRS have been listed below. MFRS 8 is adopted from IFRS 8 that has replaced IAS 14 of Segment Reporting. The main change made is on its requirement of segment identification and the measurement and disclosure of operating segment information. Any company in Malaysia that adopted MFRS 8 will automatically be considered as adopting the international accounting standard of IFRS 8. This particular standard has provide the definition of an operating segment that qualifies in the financial statement and its identification is required to be based on the company internal report that assessed and reviewed the allocation of resources and performance of that segment as according to the latest changes. Besides, the standard also provides the measurement purpose of the amount of operating segment recorded which is for resources allocation and performance measurement purposes of the operating segment. Lastly, the disclosure of operating segment information must be based on the core principles that requires information disclo sed to enable users to make informed decision on the nature and financial effect and its economic environment that the company is operating in order to aid Malaysian companies with operating segments operating in different locations or management. MFRS 118 Revenue is one of the major elements that MASB has included by the adoption of IAS 18 that the IASB has issued and amended but is still under the development of the convergence project. Companies in Malaysia are considered adopting the international accounting standard of IAS 18 if MRS 118 is applied in its financial statement. The MFRS 118 mainly adopted from IAS 18 has included important guidance on accounting practices for revenue by stating the objectives, scope and definition of revenue. These are described in relation to the definition of income in the Framework of Preparation and Presentation of Financial Statements that stated revenue as an income that is in the ordinary course of business activities. The measurement and identification of revenue is also included while different type of revenue from sales of goods, rendering a service, royalties, interests and dividends are also provided with guidance and disclosure requirements where Malaysian companies mostly posse ssed of. The MFRS 120 Accounting for Government Grant and Disclosure of Government Assistance is developed to aid business in Malaysia that needs to account for its grant or assistance provided by Government. It is equivalent to IAS 20 with the issuance and amendments made by IASB and Malaysian companies that adopt MFRS 120 will simultaneously comply with IAS 20. Basically, this standard provides guidance on the definition of government grant and government assistance and its disclosure on the presentation of grants that is relating to asset or income as well as its repayment method. The approaches and reasons for accounting of government grant using income approach or capital approach are also given in order for users to clearly identify the government intention on providing grant or assistance to any Malaysian companies. However, this standard does not apply to government grants covered by MFRS 141 Agriculture and other exceptions such as the participation of government in the ownership of business. The MFRS 141 Agriculture apply on its own as evidenced in MFRS 120 that excludes this sector because agriculture is consider an essential sector for the Malaysia economy and accounting must placed its emphasis on it. MFRS 141 is adopted from IAS 41 and will be simultaneously applied to any Malaysia companies that adopt MFRS 141. This standard mainly prescribe how should the agriculture activities and biological assets should be accounted for, measured, presented, and disclosed by the management of the company. The measurement for biological assets is complicated and required specific guidance provided by the standards such as the initial recognition that requires the use of reliably measured fair value and any changes in fair value less costs to sell is included in profit and loss. Nevertheless, agricultural activities land is not covered under this standard but in IAS 16 while government grant for biological activities is included. MFRS 121 is adopted from IAS 21 has that has made changes to replace SIC-11, SIC-19 and SIC-30 that mainly focuses on the definition and changes of reporting currency, functional currency and presentation currency. The adoption of MFRS 121 by any Malaysian companies would also means it is adopting IAS 21 in accordance to international standards. This is an important standard especially for companies that operates internationally or have dealings in different currency. Mainly, the standard applies its accounting treatment on any transaction and balances of foreign currencies but not derivative transaction and the translation of foreign operation into reporting currency or consolidation purposes. The method of reporting and disclosing the changes of foreign exchange transaction, balances or operations is also included. The MFRS 123 is an equivalent standard to IAS 23 issued by the IASB while any Malaysian company that applies MFRS 123 is also considered as adopting the IAS 23. This standard has its scope limited mainly to borrowing costs that is relating to capital expenditure such as the acquisition, construction and production of an asset to expand business that is considered part of the cost to obtain the relevant assets. The standard has prescribed the definition of a qualifying assets and the eligibility of borrowing costs as capitalisation. The recognition and measurement for borrowing costs is also provided as well as the disclosure requirement relates to the borrowing costs amount and its capitalisation rate. This relevant standard that relates to investment property is of importance to the Malaysia accounting practices due to the booming of property house prices that induces substantial increase in property for investment. MFRS 140 is developed in accordance to IAS 40 and many changes have been made to IAS 40 such as lease related property, the measurement approach of investment property and its disclosure requirement. Nevertheless, MFRS 140 provides guidance on the treatment for accounting of investment property in Malaysia and its disclosure method excluding accounting for lease property. Definition to include property as investment nature has been provided while measurement method of fair value model or cost model for investment property is prescribed clearly with distinction between initial recognition and post recognition. The MFRS 112 is developed by the MASB based on IAS 12 with several revisions made on the recognition and disclosure of income taxes especially deferred tax assets and liabilities. Any Malaysian company that adopts MFRS 112 is equivalent to adopting IAS 12. The income tax in Malaysia is important especially in its treatment for tax consequences as tax evasion is considerably high while tax law is not stringently enforced. The standard provides guidance for accounting treatment of income taxes in Malaysia by prescribing the definition, recognition and measurement for current tax expenses, assets and liabilities with emphasis on future settlement of deferred tax assets and liabilities. Examples of income taxes accounting treatment has been provided in detail to assist users in understanding the complexity of income taxes while presentation and disclosure requirements are also included. MFRS 124 mainly relates to the disclosure requirement of party that is related to the ordinary course of business which is adopted from IAS 24 that is issued and revised by IASB. Revisions has been made in 2009 to simplify the definitions and meanings of related party and allowed certain exceptions of related parties for disclosure especially when it is government-related. Basically, the standard requires the disclosure of transaction between the company and any related parties or any transaction between parents and subsidiaries. Most importantly, this would enable user to pay attention on the financial effect of related party transaction on the companys financial position and profitability. The accounting development in Malaysia has never been lacking of frauds and embezzlements due to related party and this standard would provide enhanced transparency to prevent related party unauthorised transactions. The MFRS 119 is an adoption of IAS 19 that is issued by IASB and Companies in Malaysia that uses MFRS 119 would automatically be considered to adopt the international standard of IAS 19. The purpose of MFRS 119 is to provide guidance for entity to be able to recognise appropriately the liability and expenses in relation to employee benefits provided by the entity. The accounting treatment provided by this standard encompasses recognition and measurement of short term and long term employee benefits, termination benefits and post employment benefits that includes defined contribution plan and defined benefits plan. Example illustrating accounting treatment has been provided clearly and the difference of recognition and measurement for the post employment benefits is also clearly stated. Undeniably, it is important to the Malaysia economy as the culture of Malaysia is considers to be emphasizing on the employee benefits that the company is able to provide recently. It is undeniably that the Asian Financial Crisis in 1997 not only introduces the importance of CG but also exposes the weaknesses of Malaysian CG practice to the public attention. Since then, Malaysia has taken initiative to implement schemes such as High Level Finance Committee on CG (HLFC) which have published the Report on Corporate Governance that provides definition of CG in the Malaysia context and laid the basis for the establishment of Code of Corporate Governance in 2000. Although the code itself is not mandatory, it further became a consequence of the listing requirement in Malaysia to include statement of corporate governance to attract more foreign investment due to globalisation and enhance the Malaysia economic growth. Basically, the code has enacted a series of principles and best practices of CG to improve the regulatory framework of the CG in Malaysia. Nevertheless, the reforms of corporate governance in Malaysia still exist to enhance shareholders value and protect the interests of all stakeholders especially the minorities by improving the corporate ethics and accountability. The Security Commission Malaysia has launched a five year CG Blueprint to provide a platform for CG in Malaysia to be enhanced through market and self discipline of company while promoting the standard of CG by instilling the essence of CG into the culture of company rather than a mere compliance requirement. AS a result, the Malaysian Code of Corporate Governance 2012 is developed with further recommendation on duties and responsibilities of board of directors, the management of shareholder expectation

Essays on The Love Song of J. Alfred Prufrock:Tthe Missing Female :: Love Song J. Alfred Prufrock

The Missing Female in The Love Song of J. Alfred Prufrock For Eliot, poetic representation of a powerful female presence created difficulty in embodying the male. In order to do so, Eliot avoids envisioning the female, indeed, avoids attaching gender to bodies.   We can see this process clearly in "The Love Song of J. Prufrock." The poem circles around not only an unarticulated question, as all readers agree, but also an unenvisioned center, the "one" whom Prufrock addresses. The poem never visualizes the woman with whom Prufrock imagines an encounter except in fragments and in plurals -- eyes, arms, skirts - synecdoches we might well imagine as fetishistic replacements. But even these synecdochic replacements are not clearly engendered. The braceleted arms and the skirts are specifically feminine, but the faces, the hands, the voices, the eyes are not. As if to displace the central human object it does not visualize, the poem projects images of the body onto the landscape (the sky, the streets, the fog), but these images, for all their m arked intimation of sexuality, also avoid the designation of gender (the muttering retreats of restless nights, the fog that rubs, licks, and lingers). The most visually precise images in the poem are those of Prufrock himself, a Prufrock carefully composed – "My morning coat, my collar mounting firmly to the chin, / My necktie rich and modest, but asserted by a simple pin" -- only to be decomposed by the watching eyes of another into thin arms and legs, a balding head brought in upon a platter. Moreover, the images associated with Prufrock are themselves, as Pinkney observes, terrifyingly unstable, attributes constituting the identity of the subject at one moment only to be wielded by the objective the next, like the pin that centers his necktie and then pinions him to the wall or the arms that metamorphose into Prufrock's claws. The poem, in these

The Death Penalty :: essays papers

The Death Penalty "An eye for an eye, a tooth for a tooth." This is another way for someone to say they are supportive of the death penalty. The death penalty, to me, is revenge. It kills innocent people every year. Many of the families of victims do not want the criminals to be put to death. The death penalty costs more than a life sentence in jail. It is also racists. "Since 1976, there have been five hundred twenty-three executions in the United States, twenty-three in 1999 alone. There was only eleven before 1984. Then the number rose to twenty-one that year. The number of execution stayed around twenty then dropped to eleven in 1988. Then it steadily rose from there to seventy-four executions in 1997. That was the highest since 1976."(Death Penalty Information Center, P.1) There are many different methods of execution used by the government. The most common is lethal injection used by thirty-four states. Electrocution is another method, which is used by ten states. The gas chamber is used in five states. There are still two states today that use hanging as a method of execution. And two other states use a firing squad. The death penalty is also extremely racist. There have been significantly more executions of minorities than white Americans. Capital punishment also goes against the Constitution of the United States. Amendments eight and fourteen state that no cruel and unusual punishment can be inflicted, and no state can deprive any person of life liberty or property. The death penalty clearly takes these privileges away from American citizens. "More than 2000 people are on death row today. Virtually all are poor, a significant number are mentally retarded or other wise mentally disabled. More than forty percent are African American and disproportionate numbers are Native American, Latino, and Asian." (American Civil Liberties Union) It does not seem fair that only these people are dying. The Constitution states that everyone should be given a fair trial. These statistics do not prove to me that these people had a fair trial. Everybody makes mistakes. If a jury makes a mistake and a person is falsely accused of murder when they find out they messed up they want to take the

Change Management Simulation Essay

As CEO and founder of Spectrum Sunglass Company, I want to bring a change in the company that can make the company and its products more environmentally sustainable. To do that, I need to convince 20 managers at Spectrum to adopt my initiative in 96 weeks. And I used 85 weeks to reach that goal. Here’s what I did. At the beginning, I want to let them be aware of this initiative as soon as possible, so my first 3 choices are to issue e-mail notice, walk the talk and hold town hall meetings,and I thought that would be a good way to start. But result is not good at all, no one seems to be affected, at that moment I noticed how difficult it is to bring a change into the company, no one wants to move from their confortable position, and they would pay no attention to what I said, I need put more devotion into it. After wasting 5 weeks, I start to conduct private interviews with 4 top managers to let them know this change project and to see what their opinions, the first conduct makes 6 people enter the awareness stage, and I got 4 different opinions. Then I spend week 6 to get consultant’s support and makes one person into the interest stage, because sometimes outside experts can gain the attention of organizational member better than internal authorities can. At week 8, I privately confronted the resister Andrew Chen who is the general counsel of the company, trying to persuade him since he plays such an important role in the company, but I failed, I think it is because I still have nothing to show him that I’m right, maybe after a short-term win of this change he may change his mind. At week 9, I conducted private interviews and got 5 people enter the awareness stage and 1 person enters the interest stage. And at week 10, I told a â€Å"success† story to 3 people, because I think the example of other companies that benefit from sustainability would make them interest in this project, and it turned out to make 1 person enter the interest stage and 1 person enters trial stage. Then I used private interviews and â€Å"success† stories alternatively though week 11 to week 15, because both of them took only one week to complete, so this would be the most efficient way to lead people into the awareness stage and make this awareness into interest, it turned out that I’m right and I successfully bring 9 people into awareness stage and 6 people into interest stage. And so far all 20 managers have been aware of this change project. At Week 16, I provided internal skill- building to show those who are willing to change the way to adopt this project, and I made 1 person enter the trial stage. At week 18 I decided to issue an e-mail notice, by now they should pay some attention to the context of this e-mail, and it made 1 person entered the interest stage. At week 19, I conducted a pilot project, hoping to achieve a short-term win that can nourish faith in the change efforts, and the results are that 1 person entered the interest stage, 1 person entered the trail stage and first person entered the adoption stage. At week 25, I conduct private interviews again and made 1 person enter the interest stage. And week 26, I privately confront resister Pal D’Arcy hoping that he may change his mind, but he didn’t. At week 27, I walked the talk and show them the actions aligned with the change initiative, and make 3 people enter the interest stage and 4 people enter the trial stage. At week 29, I recognized an adopter and hoping this would have an influence on others, but it only made one person enter the interest stage. At week 32, I provided external skill-building and made one trainee enter the trial stage and one enter the adoption stage. At week 36 I hold town hall meetings to communicate the change vision, and it made 3 people into the interest stage and 3 people into the trial stage. At week 38, I post progress reports and made 1 person into the trial stage. From week 39 to week 45, I choose to build a coalition of support and recognized an adopter, because I think it would bring the coalition members, the adopter and their friends into adoption stage, however, it affected no one, the reason is still unknown. At week 46, privately confronting resister still didn’t work. At Week 47, I told a â€Å"success† story again and made 1 person enter the adoption stage. At Week 48, I announced goals and deadlines to provide a target to aim for, but no one was affected, goals and deadlines may be to early to set. At week 52, I decided to walk the talk again, and got 2 people enter the trial stage and 4 people enter the adoption stage, the visible actions really worked. At week 55, I post progress reports to all, and made 2 people enter the trial stage. From week 56 to week 62, I conducted private interviews and pilot project but didn’t work. At week 63, I clarify organization values and made 1 person enter the trial stage and 8 people into the adoption stage, this is a big achieve, and I believe a change sticks when it melt into the company’s culture. At week 71, I tried to hold town hall meetings to make the last 4 people adopt but I failed. At week 73, I revise reward system to stimulate them and success at week 85. It took me 85 weeks to successfully convince all 20 managers to adopt this change, less than 96 weeks, so I think I’m a qualified change agent. However, I also take a lot of invalid actions and wasted a lot of time, so I’m not that efficient. If I can do it all over again, I will begin with private interviews, and avoid the invalid actions (though I still have no idea why some of these actions have no affect on any managers), and I will take the relationship network in to consideration when I make choice. I’m sure the result would be much better. This change management simulation and readings of 5 articles taught me a lot as a change agent in a company. First of all, I find that making a change happen is much more difficult than I thought, we all want benefits of change, but we are afraid of failure, so we prefer to stand at the comfortable position and refuse to move forward. As a change agent, I much help others to overcome these difficulties. To do that, I must understand the heart of change first. People will not be changed by what they are told, they can only be changed by what they believe, so I must find a right way to make them believe in this change initiative. And there are 8 steps I learned and used in this simulation. First is to create a sense of urgency, in the simulation I conducted private interviews with every one of 19 managers, trying to make them have this feeling of urgency. Second is to form a guiding team, in the simulation, I tried to approach those who are positive about this change first, and then pulled some of them as a guiding team. Then creating clear, simple visions and strategies. And the fourth one is to communicate the visions through simple messages, e-mail is a good way of communication in the simulation, but first I need to make them read and think about the e-mail I sent. The fifth is to empower people by removing obstacles to the vision, like providing internal and external skill-building in the simulation. The sixth one is to create short-term win, like conducting pilot project in the simulation, and this made people be more faithful about this change project and may change the resister’s mind. The seventh one is to maintain momentum, this is achieved by revise the reward system that encourage people to change in the simulation. The last one is to make change stick, and the best way to do that is to make this changed value be a part of culture of companies, like restructuring organization in simulation. I did the change management simulation as the CEO of the company, so the high authority in the company and good credit among the employees help me a lot to success. I think there would be more challenge if I were just a normal manager in the company.