Issues of Managerial Accounting - 1047 Words

INTRODUCTION : Managerial accounting is concerned with providing information to managers – that is , people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes , procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advanced certification that addresses all important aspects of accounting inside organization. The role management accounts play within organizations supporting decision making , planning , and control. In short , the emphasis in business and the role†¦show more content†¦Committed leadership : Committed leadership refers a leader must be committed with few commitments. What are the real commitments ? They are – * To be self – how much you work on developing yourself as a human being , to be the best leader you can be. * To people – how much you really focus on connecting with those around you in order to work effectively with them. * To organization - how much you are devoted to the intentions and performance of the organization. * To the truth – how much you tell and even invite the truth, even when it is hard in order to keep yourself and the organization in a right course. * To leadership – how much you answer a call to lead and to engage in proven , effective leadership behaviors. Strategic planning : Another current issue of management accounting is strategic planning. It is an organization’s process of defining it’s strategy, or direction and making decision on allocating it’s resources to pursue this strategy. It helps to determine the direction of the company. Process management : Process management is the application of knowledge, skills, tools, techniques and systems to define, measure, control, report, and improve processes with the goal to meet customer requirements profitably. Customer involvement : Customer involvement is anotherShow MoreRelatedEthical Issues Of The Managerial Accounting Profession1186 Words   |  5 Pageshas obvious ethical issues that not only affect firms or corporations, but also affect the community; for example, the respect of the privacy and confidentiality of the firm, the relationships between the organization and its clients or suppliers, dealing with people outside the company or organization. This essay is mainly concerns with the ethical issues in the managerial accounting profession discipline. But first the essay will display the nature of the managerial accounting and its working environmentRead MoreResearch on Managerial Accounting Ethical Issues1827 Words   |  8 PagesWhile I was looking for an appropriate topic for research, I found an interesting publication, which fitted best to the subject (ethics in managerial accounting issues) and also included 5 good examples examples of possible problems associated with the field. The method of the study seemed unclear, especially considering the connection between the serial number of a dollar bill and the question to which the respondent had to answer in the end (in my work I will constantly refer back to the textRead MoreEthical Decision Making on Various Managerial Accounting Issues6054 Words   |  25 Pages Ethical Decision Making on Various Managerial Accounting Issues Arnold Schneider* Abstract This study examines five managerial accounting issues that have ethical implications. These issues are based on situations described in managerial accounting textbooks. To induce truthful responses, an approach called the randomized response technique is used. With this technique, estimates are obtained for responses to sensitive questions relating to the five issues. Results ranged from 9 percent to 51Read MoreEssay about Financial Accounting versus Managerial Accounting Matrix640 Words   |  3 Pagesï » ¿University of Phoenix Material Role of Financial Accounting versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The main purpose of financial accounting is to prepare financial reports that provide informationRead MoreSample Resume : Managerial Accounting1411 Words   |  6 Pages MASTERS IN PROFESSIONAL ACCOUNTANCY STUDENT NAME : Shilpa Thakran STUDENT ID : 17909848 UNIT NUMBER : 530 REPORT : MANAGERIAL ACCOUNTING TUTOR NAME : CHEOW WING WONG DUE DATE : September 12, 2014 TABLE OF CONTENT INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 1.0 PRODUCT COSTING†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 1.1 JUST IN TIMERead MoreFunctional Areas of Business1020 Words   |  5 Pagesareas of business are management, law, human resources management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. Although, all of the functional areas are essential to the success of a organization, two areas stand out as key to getting the business started and keeping it profitable, and they are human resources management and the accounting area (University of Phoenix, 2013). The Human Resources Management (HRM) areaRead MoreManagerial Accounting And The Certified Management1408 Words   |  6 PagesManagerial accounting is used by an organization to ensure informed decisions are made regarding current and future operations. Businessmen and women must have the ability to comprehend financial information provided to properly determine the correct course of action. In the global market of today, an organization’s inability to accurately determine the best course of action can lead to financial ruin for the company. Uninformed decisions by leadership can derail a business’ prospects for successRead MoreSignificance of Managerial Accounting776 Words   |  3 PagesManagerial accounting and its significance Introduction In the professional education of today, which is inclusive of management accounting education, the universities and colleges are finding problems. The learning institutions have limited resources and also have incapability in making sure students graduate with the necessary knowledge and skill. These two elements are fundamental for the graduates future career decisions. The title managerial accounting has much to do with nurturing accountantsRead MoreManagement Accounting : Financial And Non Financial Information1120 Words   |  5 PagesINTRODUCTION:- Management Accounting refers to the preparation of financial and non-financial information for the use of management of the company. It is also termed as managerial accounting. The information provided by it is helpful in making policies and strategies, budgeting,, forecasting future plans, making comparisons and evaluating performance of the management. The reports produced by management accounting are used by the internal management (managers and employees) of the organization andRead MoreThe Differences Between Financial And Managerial Accounting1320 Words   |  6 Pagesorganization may be a part of, accounting plays a vital role in everyday decision making. Without the field of accounting, companies and organizations would not be nearly as efficient, productive and successful as they are today. Accounting serves many purposes for an organization, whether it is financial or managerial. But, not all forms of accounting are the same. With that being said, to better understand the differences between financial and managerial accounting, it is important to first know

Ethics And The New Genetics - 1428 Words

In an ever evolving society, the increased use of technology has become a staple in our day to day lives. With the constant advancements of technology the ideology of cloning has now become a reality. The increasing use of science today is slowly leading to the development of cloning and genetic selection. By altering the genetic make-up of a being, scientists have brought about several questions on how the population would adjust to the â€Å"super-beings,† and what benefits and consequences both human and non-humans would gain with their creations? Authors Francis Fukuyama, who wrote â€Å"Human Dignity,† and The Dalai Lama, writer of â€Å"Ethics and the New Genetics,† has called into question the use of cloning and how it could possibly affect others. With the creation of â€Å"super-beings,† humans would ultimately suffer a bigger separation from each other and create unfairness among the human species such as a stronger and more intelligent being. With the development of science, cloning has become possible. Some cloning has been used to help benefit the human race; in some ways the environment and other species. However, other cloning uses could cause many problems such as a disadvantage in intelligence, strength, and who would be acceptable to obtain what jobs. Cloning has increased the production of food sources and advanced medical technologies, but has also created a disturbance among the human species on what problems cloned humans would bring. Fukuyama completely rejected theShow MoreRelatedEthics And The New Genetics1048 Words   |  5 Pages#1: Response Paper Dear Mr. Dalai Lama, In your excerpt, â€Å"Ethics and the New Genetics,† you presented the discovery of the advancement in genetic technology. You mentioned how scientist are able to change the genetic makeup of living things. Another key point presented in your article is the idea of cloning, where one is therapeutic while the other is reproductive. The article discussed that the advancement in technology and genetics should only be used to benefit people. However, you believedRead MoreEthics And The New Genetics1673 Words   |  7 Pageshassles. It has become an essential part of the way that people live and it is very likely that people would be a loss without it. In â€Å"Ethics and the New Genetics,† the Dalai Lama claims that to ethically use new technological advancements we need to develop a â€Å"moral compass†. Peter Singer, in â€Å"Visible Man: Ethics in a World without Secrets,† discusses whether new technology and â€Å"openness† makes our lives better, or if the lack of privacy takes away the rights of individuals. Both authors discussRead MoreThe, Visible M Ethics And The New Genetics867 Words   |  4 Pagesevolution has outpacing our society expectations. With technological advances’ unfolding right in front of our eyes, the line between what is moral and immoral has been blurred. In Peter Singer’s â€Å"Visible Man: Ethics in a World Without Secrets† and the Dalai Lama’s â€Å"Ethics and the New Genetics† both authors present the potential benefits of today’s advancements but also make it clear that theses advancements have molded our ethical and moral standards. With technological advancements moving at a unfathomedRead MoreVisible M Ethics And The New Genetics1805 Words   |  8 Pageswhen it comes to different aspects of technology. In â€Å"Visible Man: Ethics in a World Without Secrets† Singer talks about how technology and privacy affects democracy in government and ho w it has used technology to spy on its citizens. Tenzin Gyatso shares his opinion about technology in â€Å"Ethics and the New Genetics†, and he explains how the vast majority of people does not have the right knowledge to tamper with genetics and genetic science; thus, leads to the misuse of technology. All these textsRead MoreIslamic and Catholic Views on Genetic Engineering1265 Words   |  6 Pagesis the Catholic view on genetic engineering? - Mary Meets Dolly. 12/ 05/ 2014.) The Catholic Church In 1983, Pope John Paul II mentioned in an address â€Å"genetic enhancement was permissible- indeed, laudable- even from a Catholic point of view, as long as it met certain basic moral rules. Among those rules: that these therapies be available to all. Ensuring equality of care may become inseparable from ensuring equality of opportunity.† (What is the Catholic view on genetic engineering? - Mary MeetsRead MoreEthics And The Field Of Healthcare1542 Words   |  7 PagesEthical Issues Related to Genetics in Nursing Genetic research is imperative to the field of healthcare. Genetic research enables healthcare providers to have a better understanding of many genetic diseases and the components of those diseases. This research aids in early detection, prevention, treatments, and sometimes cures. Without the use of genetic research, healthcare would be at a standstill. Genetic and genome healthcare is a powerful tool. As with anything powerful, it often puts theRead MoreThe Field Of Reproductive Technology1484 Words   |  6 PagesToday’s culture has a growing fascination with biotechnology and genetic engineering. This is especially true within the field of reproductive technology. Advancements in this field has expanded family options significantly with the advent of reproductive technologies such as in vetro fertilization, embryo transplant, and varying genetic testing and screening (Finsterbusch, 2008). However, what drives humanity to want to modify humankind? Should there be lim its placed on these modifications? AndRead MoreThe Controversy Of Genetic Engineering1369 Words   |  6 Pages Genetic Engineering, for most individuals not knowledgeable on the topic, conjures visions of sci-fi movies and humans being grown in a lab far off in the future. What more and more individuals in the early 21st century are coming to realize is that Genetic Engineering has already exceeded our wildest imaginations in a dark corner of a lab, outside of the view of the main stream public. Indeed, in 2017, genetic engineering is in full swing on both plant and animal life. Only from hearingRead MoreA Research On Genetic Engineering1407 Words   |  6 PagesGenetic Engineering is all about genes, which are made of DNA; the chemical inside the nucleus of a cell that carries the genetic instructions for making living organisms. It is a very broad term that covers a range of techniques that allow for the artificial addition, deletion or rearrangement of sequences of ba ses in DNA in order to alter the observable form and function of an organism. (Science Group, 2014). Genetic Engineering was first discovered in the 1970s when scientist discovered how toRead MoreGenetic Engineering : The Field Of Human Biotechnology1490 Words   |  6 PagesGenetic engineering, also called genetic modification, is a set of techniques for isolating, transforming, multiplying and recombining genes from different organisms. Simply put, it is the process of manually adding new DNA to an organism. Genetic engineering originated in the 1970s as a result of the discovery of several key techniques in molecular genetics. It is also referred to as recombinant (rDNA) technology. Genetic Engineering enables geneticists to transfer genes between species that belong

Social Evil Free Essays

Sample essay on Social Evils Still Persist in our society Social evils are prevalent in almost all the backward countries. Surprising enough that India, a country proud of her ancient culture is no exception to it. Conservatism and fundamentalism apart there are certain customs that smear the face of this ancient land that is trying to build a modern image in the world. We will write a custom essay sample on Social Evil or any similar topic only for you Order Now Go to any part of the country you will find something going on you’ll be ashamed of. Even some good customs have taken a woeful course. There Was a time girls having taste in dance and music offered themselves to the cult of devadasis in prestigeoiis temples throughout the country. They were virgins and dedicated their lives to the deity in the temple. They were respected by the whole society. Muslim invasions are responsible for the demolition of a large number of temples in the North and North West. With them the very institution of devadasis disappeared. But it still persists in a few districts of Maharashtra and Kamataka. Ire rate between the age of 7 and 14 are offered to be bride of goddess Yellamma a Saundathi temple in Belgaum district. According to a rough estimate abort 5000 are still offered on full moon day during the month of Magh every year. Gradually a vicious belief has come up that the devadasis are maids to please Parashuram who lives in all men. A devadasi dare not displease Parashuram. What an obnoxious design to exploit the girls sexually. Most of these poor girls join the red light area (prostitute market in Mumbai and its suburbs. Bonded labor is another social stigma on our face. The poor in rural areas (both men and women) are lured by contractors’ men to have a job. They are given a few hundred rupees and sign a document making them bonded labor. They are taken to distant places to work in construction: rework or kilns. The women and small boys and girls are sexually assaulted too. Many of the boys are sold again and again. They hardly know where they belong to. Although Bandhua Mazdoor Mukti SanghofSwami Agnivesi got a very large number of these slave laborers free many are still there the net. The prey of the custom of devadasis and bonded laborers are general illiterate scheduled caste or scheduled tribe people from rural areas. But those girls who suffer because of the evil custom of dowry belong to all sections of the society both in rural and urban areas in almost all the state; the evil that started from the North has engulfed the whole of South too. Today the more educated a boy is the bigger the demand of dowry too. Thousands of girls who are harassed for not bringing sufficient dowry either commit suicide or are burnt alive by the in-laws or the husbands themselves. Caste system might have served the purpose of maintaining certain – discipline in the society when it was based on profession and not on birth. Today its proliferation into more than 5000 castes from four and that toe based on birth has become the gravest evil. It is responsible for the stratification in the society the upper castes are harassing the lower castes. It took the lower castes more than a millennium to assert themselves. Today they are up in arms against the so called upper castes—3000 against 2000. What a game? Caste consciousness has gained over national consciousness. It seems the social evil that was taken for granted in the past may bring a storm that will rip open the very basis of unity. Reservations for scheduled castes, scheduled tribes and backward classes may not be able to check the reaction in the minds of the lower castes against the upper ones who still consider the former as pariah. The disparity can be removed only by giving all equal status. The so called upper castes are not giving it even today—of course at the cost of their own safety in the times to come. Woman is wary of the design of the ojha if you go to a tribal village. He may declare you a witch and the villagers may kill you in their own cruel design. A large number of tribal women suffer from this agony every year. Don’t educate the tribal’s and the scheduled castes and this is what you get. Male Chauvinism and child marriages are the two social diseases that are 110 less harmful than AIDS itself. AIDS attacks a person who has . committed a folly or has been wrongly injected. Children are married at an they are not conscious of what is going on with them. Thousands of children become a prey to this evil on the day of Akshaya Tritiya in many areas of Rajasthan. Many children become widow before becoming girls. Their whole life becomes a hell. Male Chauvinism too is no less a social evil. Males have been dominating females throughout the world. It does not mean it is not an evil. In India—specially in the rural areas—women are worse even than the domestic animals. It is a social evil for it doesn’t allow the development of an egalitarian society that is the basis of a democracy. Moreover if a woman is ‘ Ardhangani’ (half part) it is rather queer half part exploiting the other half. How can the health of the nation be maintained that way? Essay – 1 Indian society is one of the oldest societies. It has got its own customs and traditions. Some of them are very old. They do not suit the present times. Times go on changing. We must also change our customs and traditions to keep pace with the times. Some of our customs are not only useless but are also obstacles in the way of social progress. It is, therefore, essential that they must be changed. The older must change giving place to the new; I will introduce the following social reforms, if ever I become the minister of social welfare. Our marriage customs must be reformed, Child-marriage and early marriage have no place in social life today. Boys and girls must be given some say in the selection of their partners. I will pass a law which make dowry hunting a legal offence. I will allow no business in the form of marriage, as this is a great social curse. This will be my first reform. Now-a-days we do not get the necessities of life in pure condition. Milk, ghee, butter, oil, etc. all are sold adulterated. Not only food stuffs, but medicines, toilet goods and their articles also are mixed with inferior and cheaper substances. This amounts to the cheating of the people. This is a social crime. I will make all possible efforts to curb this nefarious trade. The people will be ensured the supply of pure and unadulterated goods. In our society, drinking is becoming common. There is also drug addiction on a large scale. Then evil effects of such habits are too well known to need any discussion. Society must be saved from this social curse. I will educate the people against these evils as well as pass laws against them. When I become the minister for social welfare, this social reform will receive my urgent attention. Man and woman are the two wheels of the social cart. Both of them must be equally strong. But in our society women are illiterate. They are kept in ‘purdah’. They are denied their due rights. Illiteracy is most wide-spread among women. I will pay special attention towards female education. This will remove many evils from society. Purdah will come to an end. Women will become equal partners with men in the work of the development of the country. Untouchability is a curse. We treat a large section of our people, as if they were animals. I will do my utmost to eradicate this social evil. Public opinion shall be educated against it. The condition of the untouchables shall be improved. Food prices have been raising for sometime past, one of the main causes of this is the hoarding of food grains. There is acute shortage of a number of essential commodities. To earn huge profits, businessmen hoard the necessities of life. This causes great hardship to the people. I will introduce legislation to check hoarding with the greatest zeal and effort. Hoarders, black marketers and profiteers would be severely dealt with. These are but the most important of the social reforms which have been long overdue. Besides these, there are many other social evils like child labour, gambling, wastage of food etc. , on the occasion of marriages and other social ceremonies etc. I will introduce reform in these spheres also. Social reforms are urgently needed. There can be no two opinions about this. Others have also made efforts in this direction. But the results have not been very encouraging. I will give top priority to social reforms. Effective laws will be framed. Public opinion will be created in support of these reforms. Administration will be made strict. Then alone will success be achieved. Note: This essay can also be used for the topics like: †¢ If I Were The minister of Social reform Or of Social Welfare of My State †¢ Some Social Evils and Their Reform Essay -2 The social evils and superstitions that had crept in the society over the centuries made social reforms imperative for the development of the society and the masses. In the 19th century, the newly educated persons increasingly revolted against rigid social conventions and outdated customs. They could no longer tolerate irrational and de-humanising social practices. Moreover, the backward features of Indian society, such as the caste system or inequality of the sexes had religious sanctions in the past. Therefore, it was necessary to reform religious practices as well. The condition of women was pathetic. The various religions practised in India as well as the personal laws based on them consigned women to a status inferior to that of men. Polygamy, Purdah system, sort, ban on widow remarriage, no education for female child, female infanticide, child marriages were some of the evils that had vice—like grip over the society. It thus became necessary to take the women out of this degraded position and help her to realise her true potential. The problems of female feoticide, sexual harassment at workplace, education are so diverse that they need sound financial backing, all these social evils centre around the petty and marginalized conditions of women in the society. We need to combat evils like the glorification of sati places as pilgrimages, dowry system, girl feoticide, decline in sex ratio, harassment of women etc. This can be achieved by educating the woman and making her financially independent. Rajasthan has been in the news recently and for all the wrong reasons. First, it was tigers disappearing, then it was a guidebook that referred to sati-sites as tourist destinations, and then it was child marriages. The legal age for marriage in India is 18 years for women and 21 years for men. Any marriage of a person younger than this is banned in India under the Child Marriage Prevention Act of 1929. But child marriages still take place in India; particularly around the Hindu holy day of Akshya Tritiya (also knows as Akha Teej). Yet, it is a religious tradition in many places in India and therefore, difficult to change. People feel that traditions are valuable and should not be changed, especially religious traditions, since changing these would amount to asking people not to practise their religion, a fundamental principle of democracy. Dowry in India, the practice of endowing the groom by the bride’s family, is a tradition, which has changed its intentions from giving a gift to demanding for astronomical amounts which has bankrupted lots of families and made many girls either to commit suicide or being murdered. Bride-price, which is the endowment to the bride’s clan, which is widely practised in Papua New Guinea, too, has changed from the earlier intentions thereby making it a business. Moral and ethical concerns of the society weigh a great deal with those in public life as their behaviour is keenly watched by the people. At concerned quarters, views are being expressed over the general decline of values in public life. There is a general feeling that all is not well with our socio-political system which is functioning under a great strain. In such a situation, the representatives of the people have to set high standards of behaviour in public life. Members of Parliament have not only to represent the society but have also to lead it. Therefore, they have to function as the role models and this naturally casts on them a heavy responsibility. Our freedom fighters and national leaders had set high ethical and moral standards in public life and they followed those principles scrupulously. This tendency, it is painfully observed, is now on a decline. There has been a wide and critical collapse of moral values in all walks of life and a perilous decline in the human dimension in global, political and trade relations and national economy. Development has culminated in widespread discontent, corruption, unemployment, violence, communal and racial discord and much human distress, destruction and disillusionment. Barring this, the caste system, which had its roots in religion, is another curse in society. Though not so rigid in urban areas, it is still practised in rural areas with the same zeal. Caste determines man’s marriage, social circle and profession. The untouchables suffer from numerous disabilities and restrictions. His dresses, food, place of residence, all are degraded. Not only is it humiliating and inhuman and based on anti-democratic principle of inequality by birth, it is a cause of social disintegration. Thus, it has to be fought against. Another problem that our society faces is the rapid criminalisation of the polity, that could be the result of the fact that criminals have understood the mechanics of the electoral process and have themselves become contenders for power. Earlier, politicians patronised criminals and provided them protection from the law-enforcement agencies in exchange for the use of their muscle power during elections. And now it is the opposite-with the criminals themselves taking over the reigns of power and patronising the « politicians and their parties. Of late, there is an increasing exposure of the criminals in the! Governing system of the country, to the extent that it alienates the common people for power. The criminalisation of politics is a reflection of, and a factor that aggravates the crisis of the political system. Only a qualitative change that transforms the system from its very roots can resolve this crisis in favour of the people. In the rural economy, both unemployment and under employment exist side by side and the distinction between them is by no means sharp. In the rural areas, increasing population implies an increasing pressure on land. This pressure on land has resulted in an increase in the number of agriculturists, and this has largely contributed to the problem of unutilised labour or disguised unemployment in the agricultural sector. A large labour force accumulates around primary occupations. A general in elasticity of occupational structure prevents any large movement away from these in periods of slack demand. This leads to seasonal unemployment also. In short, the major feature of rural unemployment is the existence of unemployment in the form of disguised unemployment and seasonal unemployment rather than open unemployment that exists in the urban areas. Idol worship, superstitions, Brahmanical or clergy superiority, all had to be fought against, for all the social practices finding sanction in religion. Yet a lot needs to be done to eradicate from the shreds a number of social evils still haunting our society. How to cite Social Evil, Papers

Social Evil Free Essays

Sample essay on Social Evils Still Persist in our society Social evils are prevalent in almost all the backward countries. Surprising enough that India, a country proud of her ancient culture is no exception to it. Conservatism and fundamentalism apart there are certain customs that smear the face of this ancient land that is trying to build a modern image in the world. We will write a custom essay sample on Social Evil or any similar topic only for you Order Now Go to any part of the country you will find something going on you’ll be ashamed of. Even some good customs have taken a woeful course. There Was a time girls having taste in dance and music offered themselves to the cult of devadasis in prestigeoiis temples throughout the country. They were virgins and dedicated their lives to the deity in the temple. They were respected by the whole society. Muslim invasions are responsible for the demolition of a large number of temples in the North and North West. With them the very institution of devadasis disappeared. But it still persists in a few districts of Maharashtra and Kamataka. Ire rate between the age of 7 and 14 are offered to be bride of goddess Yellamma a Saundathi temple in Belgaum district. According to a rough estimate abort 5000 are still offered on full moon day during the month of Magh every year. Gradually a vicious belief has come up that the devadasis are maids to please Parashuram who lives in all men. A devadasi dare not displease Parashuram. What an obnoxious design to exploit the girls sexually. Most of these poor girls join the red light area (prostitute market in Mumbai and its suburbs. Bonded labor is another social stigma on our face. The poor in rural areas (both men and women) are lured by contractors’ men to have a job. They are given a few hundred rupees and sign a document making them bonded labor. They are taken to distant places to work in construction: rework or kilns. The women and small boys and girls are sexually assaulted too. Many of the boys are sold again and again. They hardly know where they belong to. Although Bandhua Mazdoor Mukti SanghofSwami Agnivesi got a very large number of these slave laborers free many are still there the net. The prey of the custom of devadasis and bonded laborers are general illiterate scheduled caste or scheduled tribe people from rural areas. But those girls who suffer because of the evil custom of dowry belong to all sections of the society both in rural and urban areas in almost all the state; the evil that started from the North has engulfed the whole of South too. Today the more educated a boy is the bigger the demand of dowry too. Thousands of girls who are harassed for not bringing sufficient dowry either commit suicide or are burnt alive by the in-laws or the husbands themselves. Caste system might have served the purpose of maintaining certain – discipline in the society when it was based on profession and not on birth. Today its proliferation into more than 5000 castes from four and that toe based on birth has become the gravest evil. It is responsible for the stratification in the society the upper castes are harassing the lower castes. It took the lower castes more than a millennium to assert themselves. Today they are up in arms against the so called upper castes—3000 against 2000. What a game? Caste consciousness has gained over national consciousness. It seems the social evil that was taken for granted in the past may bring a storm that will rip open the very basis of unity. Reservations for scheduled castes, scheduled tribes and backward classes may not be able to check the reaction in the minds of the lower castes against the upper ones who still consider the former as pariah. The disparity can be removed only by giving all equal status. The so called upper castes are not giving it even today—of course at the cost of their own safety in the times to come. Woman is wary of the design of the ojha if you go to a tribal village. He may declare you a witch and the villagers may kill you in their own cruel design. A large number of tribal women suffer from this agony every year. Don’t educate the tribal’s and the scheduled castes and this is what you get. Male Chauvinism and child marriages are the two social diseases that are 110 less harmful than AIDS itself. AIDS attacks a person who has . committed a folly or has been wrongly injected. Children are married at an they are not conscious of what is going on with them. Thousands of children become a prey to this evil on the day of Akshaya Tritiya in many areas of Rajasthan. Many children become widow before becoming girls. Their whole life becomes a hell. Male Chauvinism too is no less a social evil. Males have been dominating females throughout the world. It does not mean it is not an evil. In India—specially in the rural areas—women are worse even than the domestic animals. It is a social evil for it doesn’t allow the development of an egalitarian society that is the basis of a democracy. Moreover if a woman is ‘ Ardhangani’ (half part) it is rather queer half part exploiting the other half. How can the health of the nation be maintained that way? Essay – 1 Indian society is one of the oldest societies. It has got its own customs and traditions. Some of them are very old. They do not suit the present times. Times go on changing. We must also change our customs and traditions to keep pace with the times. Some of our customs are not only useless but are also obstacles in the way of social progress. It is, therefore, essential that they must be changed. The older must change giving place to the new; I will introduce the following social reforms, if ever I become the minister of social welfare. Our marriage customs must be reformed, Child-marriage and early marriage have no place in social life today. Boys and girls must be given some say in the selection of their partners. I will pass a law which make dowry hunting a legal offence. I will allow no business in the form of marriage, as this is a great social curse. This will be my first reform. Now-a-days we do not get the necessities of life in pure condition. Milk, ghee, butter, oil, etc. all are sold adulterated. Not only food stuffs, but medicines, toilet goods and their articles also are mixed with inferior and cheaper substances. This amounts to the cheating of the people. This is a social crime. I will make all possible efforts to curb this nefarious trade. The people will be ensured the supply of pure and unadulterated goods. In our society, drinking is becoming common. There is also drug addiction on a large scale. Then evil effects of such habits are too well known to need any discussion. Society must be saved from this social curse. I will educate the people against these evils as well as pass laws against them. When I become the minister for social welfare, this social reform will receive my urgent attention. Man and woman are the two wheels of the social cart. Both of them must be equally strong. But in our society women are illiterate. They are kept in ‘purdah’. They are denied their due rights. Illiteracy is most wide-spread among women. I will pay special attention towards female education. This will remove many evils from society. Purdah will come to an end. Women will become equal partners with men in the work of the development of the country. Untouchability is a curse. We treat a large section of our people, as if they were animals. I will do my utmost to eradicate this social evil. Public opinion shall be educated against it. The condition of the untouchables shall be improved. Food prices have been raising for sometime past, one of the main causes of this is the hoarding of food grains. There is acute shortage of a number of essential commodities. To earn huge profits, businessmen hoard the necessities of life. This causes great hardship to the people. I will introduce legislation to check hoarding with the greatest zeal and effort. Hoarders, black marketers and profiteers would be severely dealt with. These are but the most important of the social reforms which have been long overdue. Besides these, there are many other social evils like child labour, gambling, wastage of food etc. , on the occasion of marriages and other social ceremonies etc. I will introduce reform in these spheres also. Social reforms are urgently needed. There can be no two opinions about this. Others have also made efforts in this direction. But the results have not been very encouraging. I will give top priority to social reforms. Effective laws will be framed. Public opinion will be created in support of these reforms. Administration will be made strict. Then alone will success be achieved. Note: This essay can also be used for the topics like: †¢ If I Were The minister of Social reform Or of Social Welfare of My State †¢ Some Social Evils and Their Reform Essay -2 The social evils and superstitions that had crept in the society over the centuries made social reforms imperative for the development of the society and the masses. In the 19th century, the newly educated persons increasingly revolted against rigid social conventions and outdated customs. They could no longer tolerate irrational and de-humanising social practices. Moreover, the backward features of Indian society, such as the caste system or inequality of the sexes had religious sanctions in the past. Therefore, it was necessary to reform religious practices as well. The condition of women was pathetic. The various religions practised in India as well as the personal laws based on them consigned women to a status inferior to that of men. Polygamy, Purdah system, sort, ban on widow remarriage, no education for female child, female infanticide, child marriages were some of the evils that had vice—like grip over the society. It thus became necessary to take the women out of this degraded position and help her to realise her true potential. The problems of female feoticide, sexual harassment at workplace, education are so diverse that they need sound financial backing, all these social evils centre around the petty and marginalized conditions of women in the society. We need to combat evils like the glorification of sati places as pilgrimages, dowry system, girl feoticide, decline in sex ratio, harassment of women etc. This can be achieved by educating the woman and making her financially independent. Rajasthan has been in the news recently and for all the wrong reasons. First, it was tigers disappearing, then it was a guidebook that referred to sati-sites as tourist destinations, and then it was child marriages. The legal age for marriage in India is 18 years for women and 21 years for men. Any marriage of a person younger than this is banned in India under the Child Marriage Prevention Act of 1929. But child marriages still take place in India; particularly around the Hindu holy day of Akshya Tritiya (also knows as Akha Teej). Yet, it is a religious tradition in many places in India and therefore, difficult to change. People feel that traditions are valuable and should not be changed, especially religious traditions, since changing these would amount to asking people not to practise their religion, a fundamental principle of democracy. Dowry in India, the practice of endowing the groom by the bride’s family, is a tradition, which has changed its intentions from giving a gift to demanding for astronomical amounts which has bankrupted lots of families and made many girls either to commit suicide or being murdered. Bride-price, which is the endowment to the bride’s clan, which is widely practised in Papua New Guinea, too, has changed from the earlier intentions thereby making it a business. Moral and ethical concerns of the society weigh a great deal with those in public life as their behaviour is keenly watched by the people. At concerned quarters, views are being expressed over the general decline of values in public life. There is a general feeling that all is not well with our socio-political system which is functioning under a great strain. In such a situation, the representatives of the people have to set high standards of behaviour in public life. Members of Parliament have not only to represent the society but have also to lead it. Therefore, they have to function as the role models and this naturally casts on them a heavy responsibility. Our freedom fighters and national leaders had set high ethical and moral standards in public life and they followed those principles scrupulously. This tendency, it is painfully observed, is now on a decline. There has been a wide and critical collapse of moral values in all walks of life and a perilous decline in the human dimension in global, political and trade relations and national economy. Development has culminated in widespread discontent, corruption, unemployment, violence, communal and racial discord and much human distress, destruction and disillusionment. Barring this, the caste system, which had its roots in religion, is another curse in society. Though not so rigid in urban areas, it is still practised in rural areas with the same zeal. Caste determines man’s marriage, social circle and profession. The untouchables suffer from numerous disabilities and restrictions. His dresses, food, place of residence, all are degraded. Not only is it humiliating and inhuman and based on anti-democratic principle of inequality by birth, it is a cause of social disintegration. Thus, it has to be fought against. Another problem that our society faces is the rapid criminalisation of the polity, that could be the result of the fact that criminals have understood the mechanics of the electoral process and have themselves become contenders for power. Earlier, politicians patronised criminals and provided them protection from the law-enforcement agencies in exchange for the use of their muscle power during elections. And now it is the opposite-with the criminals themselves taking over the reigns of power and patronising the « politicians and their parties. Of late, there is an increasing exposure of the criminals in the! Governing system of the country, to the extent that it alienates the common people for power. The criminalisation of politics is a reflection of, and a factor that aggravates the crisis of the political system. Only a qualitative change that transforms the system from its very roots can resolve this crisis in favour of the people. In the rural economy, both unemployment and under employment exist side by side and the distinction between them is by no means sharp. In the rural areas, increasing population implies an increasing pressure on land. This pressure on land has resulted in an increase in the number of agriculturists, and this has largely contributed to the problem of unutilised labour or disguised unemployment in the agricultural sector. A large labour force accumulates around primary occupations. A general in elasticity of occupational structure prevents any large movement away from these in periods of slack demand. This leads to seasonal unemployment also. In short, the major feature of rural unemployment is the existence of unemployment in the form of disguised unemployment and seasonal unemployment rather than open unemployment that exists in the urban areas. Idol worship, superstitions, Brahmanical or clergy superiority, all had to be fought against, for all the social practices finding sanction in religion. Yet a lot needs to be done to eradicate from the shreds a number of social evils still haunting our society. How to cite Social Evil, Papers

Financial Risk Management Essay Sample free essay sample

Abstraction Thepurposeof this survey is- To happen out whether investors receive equal information sing the hazard faced by the entity. to enable them measure a company’s public presentation non merely on return but besides on the hazard assumed in order to bring forth the returns Theaimsof this survey are- LITERATURE REVIEW Adams Wood. in his book Foreign Exchange Risk. defines fiscal hazard direction as pull offing the uncertainnesss environing possible investings. A undertaking or an investing is considered hazardous if there is uncertainness sing the realisation of expected hard currency flows. Fiscal directors and investors keep contriving new ways of raising money and avoiding hazards. Changes in involvement rates can do borrowing money really expensive and really dearly-won. Corporate fiscal directors. every bit good as investors need to do certain that possible economic fluctuations do non endanger the house or their concerns. Smart investings and funding determinations are important to a houses and an individual’s success. For smart investings to be undertaken. investors and persons should be to the full cognizant of the hazards environing their investings and possible returns that would be generated from their investings. Many companies prefer to supply minimum information to investors sing the hazard faced by their companies. They normally prefer to maintain it under screen since they know that many investors prefer taking really minimal hazards at the same clip anticipating high returns. which in most instances. is non the instance. since companies that generate more grosss are those that are willing to take high hazards. This has led to what is known as ‘Agency Problem’ . which refers to the struggle of involvement between companies and their stockholders or investors. Most companies hence leave investors to detect on their ain the hazards they face. These has affected most investors. since they put their money in companies without all the relevant information on the degree of hazards they are being exposed to. go forthing them with the premise that their investings will ever make good and that they will acquire high returns which is seldom the instance. Among the companies that filled the questionnaires. there were some companies. which provided sugar coated information ( e. g. originative accounting ) . These companies would do certain that they systematically get good returns but did non pass on to investors the degree of high hazards that they exposed their investings to. These companies withheld information. since they feared losing investors. who were the major subscribers to the capital base of the company. There should nevertheless be the realisation that. every peculiar investing has some degree of hazard inherent in it. Hazard and Return are closely correlated. Companies and persons can non avoid hazard. because by its really nature. concern and investings involve taking hazards. in order to work the available profitable chances. However. the company should non take unneeded hazards. neither should they take hazards that are out of character and which the stockholders do non anticipate. High hazardous investings normally have higher returns than low hazardous investings. In add-on. investors vary. from those who are willing to take high hazards. to those who are willing to take minimum hazards. M. Rees. in his article. ‘What type of investor are you? ’ classified investors into three classs. every bit far as hazard is concerned. They included- They are those investors who admire hazards and will set about a given investing if it promises a higher return irrespective of its hazard degree. They are those investors who do non look up to hazard and will prefer undertakings with a lower hazard degree. Before investors receive any equal information about their investings. they should be to the full cognizant of the degree of hazard they are willing to take. On the other manus. all companies have the duty to supply the relevant information that may impact the stockholders investings. Companies are required to supply prospectus to new investors. be aftering to shoot their financess in the company. A prospectus may be defined as a legal papers prepared to depict what the concern or company will make. every bit good as who the managers of the corporation and its major investors will be. An investor will be able to cognize whether the vision. mission and the ends of the company relates or reflects with his ain. Company’s Acts. Government Regulations. and capital market regulators have besides made it a demand for all listed companies to do revelations of their fiscal statements to investors and the populace. This capable companies to scrutiny from members of the populace. hence heightening transparence of company’s activities. There has besides been a greater accent in recent times. of an bureau relationship between corporations and their investors every bit good as a greater run on companies to prosecute themselves in corporate administration activities. This is expected to cut down struggle of involvement among companies and investors. Corporations should accurately show the hazard factors to investors. This would assist investors make up ones mind where to put and find the hazards they are willing to accept. It would besides assist investors make estimations of Returns on Investment ( ROI ) . Corporations and investors may utilize statistical methods to accurately step hazard. They may find the Expected Monetary Value ( EMV ) . the Standard Deviation and the coefficient of fluctuation of their investings or undertakings. The expected pecuniary value is an norm of all expected hereafter hard currency flows of any given undertaking. Standard Deviation is a step of the stringency of the chance distribution. When pull offing hazards. it is advisable for investors to unite assorted investings. in order to cut down their hazard on investings. Stockholders investings are normally capable to assorted hazards. They include political hazards. cultural hazards. exchange rate hazards. legal hazards. technological hazards. market hazards. and fiscal hazards. In my thesis. I will concentrate on involvement hazard and currency hazard. Foreign exchange hazard arises due to the demand to cover with more than one currency and consequences from possible alterations in the values of these currencies relative to each other. The exchange rate is the monetary value of one currency in footings of another currency. The foreign exchange hazard is present whenever a companies assets are denominated in the currency of its ain currency and it operates in the foreign currency. There exist three major types of exchange rate hazard. Companies are required to turn to the hazards of involvement rates and foreign exchange rate. They may use assorted methods of pull offing hazards. so that investor’s returns become safe. The schemes they employ include. The most common and operable methods that companies and investors ought to utilize to mange currency hazards and involvement rate hazard include- An option is the right to purchase ( name option ) or to sell ( set option ) the implicit in plus at a specific monetary value ( exercise monetary value ) within a specified period ( exercise period ) . Option contracts as a method of hazard direction are zero sum games. because the additions to one party is equal to the losingss of the other party. It arises when a purchaser has a right but non an duty to buy the implicit in security at a specific monetary value in future. Since he has a right but no duty. he will usually near the marketer to buy the implicit in security when conditions are favourable to him but unfavourable to the marketer. The purchaser is usually required to pay a commitment fee known as premium. It gives the marketer the right to sell his security at an in agreement monetary value ( exercise monetary value ) within a specified period. Normally. the marketer will exert the put option when conditions are favourable to him but unfavourable to the purchaser. For this ground. the marketer will be required to pay a committedness fee to the purchaser. 2. Use of barters This refers to a common understanding to interchange the duties underlying a given dealing. The major purpose of swapping is to fudge against the bing hazard by reassigning the current duty to a new duty. There are usually 2 types of barters: The purpose of this barter is to alter the duty from a state of affairs where payment is made in one signifier. to a state of affairs where payment is made in the foreign currency. For illustration. Assume that there are two companies. one is a UK company wishing to borrow Kenyan shillings. to finance an investing undertaking in Kenya. If the UK Company is non known in the Kenyan Market. it will hold to pay higher involvement rates than the Kenyan companies pay on the Kenyan money market. To set up a barter the American company will hold to place a Kenyan Company confronting similar jobs of borrowing the UK lb. The two companies will therefore arrange the undermentioned barter. Even though the usage of barters is a good hazard direction tool. there are some hazards normally associated with it. They include recognition hazard. Market hazard. Sovereign hazard and Mismatch hazard. This refers to a fiscal understanding between two parties with respect to exchange of hard currency flows related to a specific implicit in duty. The cardinal aim is to change over the loan. which is in the signifier of a fluctuating involvement rate into a loan. which is in the signifier of a fixed involvement rate. In involvement rate barter. one company may be interested in fudging against the fluctuations in involvement rates while another company may be interested in guess. 3. Matching It involves making a liability if there is an plus receivable or making an plus if there is a liability to be paid. For illustration. if the company is to have some money and its major concern is to fudge against the grasp of the local currency. so the company can borrow abroad therefore making a liability. In this instance. the decrease in the value of the sum receivable ( plus ) will be compensated by the decrease in value of the sum collectible and vice-versa. In this instance. a loss through a liability bing or created is compensated by the addition through an plus existing or created. 4. Leading and Laging This involves fixing or detaining payment or reception of money as a manner of seeking to cut down hazard. In taking. the exporter fastens the reception of the sum due if he anticipates the local currency will appreciate. On the other manus. an importer will besides fix the payment if he anticipates the local currency is traveling to deprecate. Laging leads to the hold of payment. For illustration. the exporter will detain the grosss. if he anticipates the depreciation of the local currency. while an importer will detain payment if he anticipates grasp in the local currency. 5. Money Market Hedging It refers to borrowing abroad or puting abroad. so that the cumulative sum will help in paying the sum due for an importer or the cumulative sum will help in fudging against the inauspicious motion in the exchange rate. Borrowing applies to an exporter. in the instance where the exporter can borrow abroad and put locally. He will so utilize the cumulative sum receivable to pay the sum due. In this manner. the exporter will be able to pull off the inauspicious motion in the exchange rate. 6. Future They are promises to purchase or sell something in the hereafter. at a given monetary value that is agreed upon. They are trade on organized hereafter exchanges. 7. Forward They are similar to hereafters. but they are arranged straight between a house and a bank. Firms and persons may utilize derived functions to cut down hazard. every bit good. as speculate through purchasing and merchandising of derived functions in the hope of gaining net incomes. When these guesss do non work out. losingss can be significant ; hence. investors should take great attention when covering with them. For illustration. the UK Barings. one of the world’s oldest Bankss. collapsed in 1995 due to hereafters guess by one of its bargainers. Harmonizing to John Smith. in his book ‘Summary of Risk Management Models. ’ he concludes that. there is no 1 individual method that confidently res confirm its capableness of wholly fudging hazard. It is hence upon the company and investors to take the hazard direction theoretical account that would outdo cut down their exposure to any given hazard. In decision. corporations are expected to unwrap all their activities to investors. so that investors may measure the hazards before puting. Investors should so compare the hazards and the returns. and find whether. it would be feasible to put in that peculiar undertaking. Mentions