Friday, August 21, 2020

Here are the 10 Weirdest Taxes in History - OppLoans

Here are the 10 Weirdest Taxes in History - OppLoans Here Are the 10 of the Weirdest Taxes in History Here Are the 10 of the Weirdest Taxes in HistoryIf you really hate taxes, then may we suggest not getting your bagels sliced in New York City and not wearing a beard in Tsar Peter the Greats Russia.Recently, we’ve been offering all sorts of dreary, serious tax advice articles for everyone in the throes of tax season. Shouldn’t there be at least one article to cut loose and look at the lighter side of taxes?There is! And you’re reading it, buddy. It’s time to find the funny in your financial responsibility to society. The wacka wackas in the W2 forms. The quirks of quarterly filings!But it turns out there aren’t that many funny taxes. So we settled for weird ones instead.Make sure you’ve got all your deductions available, because we’re counting down the Top Ten Weirdest Taxes from Around the World and Throughout History (In No Particular Order)! (Okay, maybe well just go with Ten Weirdest Taxes.)1. The British Hat Tax.England is known for its hats. Or rather, England is known for its hat, singular. Specifically the tall furry one the Beefeater guards who stand outside of the palace wear.Yet those are far from the only hats in England; these days theyre worn all across the whole United Kingdom. But there was a time when hats were considered a mark of luxury and were taxed as such.In 1784, a hat tax was introduced. Hat sellers were required to pay the government for “hat stamps” which were inserted into the inside of their wares. The penalty for forging these stamps? Death.Yes, actually.Hat sellers tried to dodge the tax by renaming their goods, requiring the tax to be amended. It was eventually repealed in 1811, and English heads were free once more.2. The New York Sliced Bagel Tax.New York is known for its bagels. Or rather, New York is known for its bagel, singular. Specifically the tall furry one the Beefeater guards who stand outside the palace wear.Wouldn’t it be funny if we just started every entry that way? No? It wouldn’t be? Ah, wel l never mind then.But New York is actually known for its bagels. What’s less known is that there’s an eight-cent tax throughout the state for getting your bagel sliced, whether or not a schmear is subsequently added. That’s because when the person behind the counter slices the bagel, it’s transformed from a food item you might be planning to bring home to a meal you’re eating in a restaurant.It’s enough to make you say “eh, I’m slicin’ ova he-ah!”3. The Russian Beard Tax.In 1697, Tsar Peter the Great took a trip through Western Europe in disguise. He wanted to study the more “advanced” nations that were currently colonizing and projecting power around the world.When he returned from his trip, he used the knowledge he had gained to reform the Russian military, economy, and general society in ways that allowed Russia to expand its influence. He also came out hard against beards.At the party celebrating his return, Peter opted to shave the faces of all of his gu ests. Beards were not fashionable in Western Europe, and the Tsar saw clean-shaved faces as a sign of modernity. He ruled that beards were no longer allowed.Many throughout Russia objected, however, especially among the Russian Orthodox Church, for whom beards were required. Peter the Great opted for a compromise, charging everyone who desired a beard a progressive tax that was many times pricier for those who could afford to pay more for their facial fuzz.“What about mutton chops?” you ask. We simply don’t know.4. The New Mexico “Being Under The Age of 100” Tax.Most US states charge an income tax of their own, separate from the federal income tax. New Mexico offers a major deduction once you’re over 65 and wipes out your state income tax burden entirely once you turn 100.But is it actually accurate to describe this as a “tax on being under 100?”Yes. Let’s move on.5. The Texas Belt Buckle Tax.Remember when we said that most states in the US levy an income tax? Well , Texas is one of the few that does not! Which means they need to generate revenue through other taxes, like sales tax.And while most clothing items are exempt from sales tax, belt buckles are considered accessories. Cowboy boots are exempt, however. So you can still dress like a cowboy tax-free, albeit with a significantly less shiny midsection.6. The French Salt Tax.You’ve heard about “Let Them Eat Cake” but what about “Let Them Lick Salt?!”The gabelle was a French tax instituted in 1360. It was taxed on various consumer goods, but it came to apply to salt specifically. The clergy and aristocracy were, however, exempt from paying it.Which may be one reason why it showed up on the “Top TK List of Grievances” presented to the Estates-General shortly before the onset of the French Revolution. Then some other things happened. Then the gabelle was repealed.A happy ending for everyone! 7. The Colorado Coffee Lid Tax.Getting your caffeine fix in the “very tall” state ma y require you to choose between risking a hot spill or paying a couple extra cents. Because coffee lids are considered “non-essential” in Colorado, they face a tax should you opt to use one. Given that burn treatments are significantly more expensive, it’s probably worth getting the lid.8. The Egyptian Cooking Oil Tax.Some ancient Egyptian Pharaohs levied a tax on cooking oil. Their subjects were also not allowed to use substitute materials for cooking. The Pharaohs also owned the cooking oil that the subjects had to purchase. Seems a little like an unfair monopoly to us, but we aren’t oil experts.9. The English Window TaxAnother English tax? Yes. But this one wasnt on hats. It was on windows, the hats of the house.Wait, aren’t roofs the hats of the house?That’s a common misconception, but no. It’s windows. Don’t ask us why; we didn’t make the rules.In 1696 the Window Tax was instituted. Like the Hat Tax, it was intended to be progressive, as it was only a tax on h omes with more than ten windows. However, because these homes were often multi-family homes owned by landlords, the landlords would often board up multiple windows so that they wouldn’t have to pay the tax. This had a negative health effect on the poor families living within the building, in addition to being, one assumes, very depressing.Whoops!10. The Tennessee Illegal Drug Tax.More and more states are choosing to legalize marijuana, partially so that they can tax it. Tennessee tried to do the latter with harder drugs without doing the former. A bold move indeed.In 2005, Tennessee passed a law requiring drug dealers to anonymously pay taxes on the illegal drugs they sold. They would receive a stamp from the state revenue office, and then if they were arrested and did not have the stamp, they would be hit with tax avoidance penalties on top of their drug charges.It was struck down by the Tennessee Supreme Court in 2009. We can’t imagine why! It seemed foolproof to us.Anyway, we hope this list was a fun diversion from tax time drudgery. Back to the forms you go! If you enjoyed this article, check out these related posts and articles from OppLoans:The Secret Financial History of VotingHow Have Movie Stars’ Salaries Changed Over Time?Love and Money: A Brief History of DowriesIs There a Secret Money Lesson Hidden In “The Wizard of Oz?”Do you have a personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.Visit OppLoans on  YouTube  |  Facebook  |  Twitter  |  LinkedIN  |Instagram

Monday, May 25, 2020

Traditional Aboriginal Art As A Communication Tool...

Traditional Aboriginal Art Art has been used as a communication tool throughout Australian aboriginal history. They were utilized to convey knowledge of ancestral pasts and tapping into the spiritual power of their beliefs. In a traditionally oriented Aboriginal society, art was also very valuable. It was placed under such high regards that producing them are being controlled and access to them are restricted to only people of certain status . The body of the artwork are also predetermined. Thus, Aboriginal people do not have the privillige to produced new art but only earned rights to produced preexisting designs. Likewise, Eric Michael also argued that the production of traditional Aboriginal art does not emphasize originality. Therefore, there was no space for individual creativity since Aboriginal artists bear no responsibility towards their own works. . However, everyone in the traditional society is entitled to paint certain designs not from the notion of skills, but the result of inherited rights and o bligations . Paintings played an important platform within traditional Aboriginal cultures because it allows the people to illustrate their stories and give credibility to what was being said . In that regards, they may [have] painted on any clear surface that they could find such as human bodies and bark huts. Bark paintings were particularly being made in many regions because it plays a symbolic significance . For example, these paintings was often found in theShow MoreRelatedCulture And Its Influence On Culture2079 Words   |  9 Pages understanding of culture. According to my understanding, culture can be defined as people s way of life. This includes their values, customs, beliefs, languages as well as traditions. 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In so doing, the participants gain a sense of empowerment that enables them to ‘give a stronger collective voice forRead MoreTeaching And Learning During The 21st Century1733 Words   |  7 PagesTeaching and learning in the 21st century has changed dramatically from a traditional education. There has been a major paradigm shift to effectively support and prepare students for current and future work, social and school expectations. 19th century traditional education was designed to develop industry based workers that required basic skills and performed menial tasks. However, students need new skills and capabilities to ensure their success in the global market. Teachers roles have also beenRead MoreMuseums Essays10752 Words   |  44 PagesMuseum Museum, institution dedicated to helping people understand and appreciate the natural world, the history of civilizations, and the record of humanity’s artistic, scientific, and technological achievements. 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The positive effects are banning inhumane traditional practices such as sati and the dowry system, promoting widow remarriage and prohibiting child marriage. The negative effects are that Britain caused the traditional industries to crash. Also, poverty increased. British officials were paid out of the India treasury. Imperialism drained Indias wealth. It destroyed India economically and politically. India became dependentRead MoreSmart Home Technology10920 Words   |  44 Pagespressure on existing structures such as hospitals and aged care facilities. Effective management of the demands of this population will present new challenges for policy makers, clinicians and the broader community. Smart technologies can assist older Australians to live safely and live well at home and in the community. A number of articles have explored the role of smart technologies however; there is a lack of scientific validation in the literature. This literature review systematically examined overRead MoreWorkplace Citizenship8908 Words   |  36 PagesSchool/Faculty School of Academic Language Learning; Faculty of Law, Education, Business, Arts Duration One semester Credit 10 credit points Assessment tasks Four For this unit you will need the following: Unit Information (Online) Core Readings (Online) Weekly Learning Materials (Online) 2 Textbooks (via Bookshop): Communicating at University: Skills for Success - Compulsory Information Communication Technology at University: Skills for Success- Optional Prepared by Paul Black Read MoreEmployment Cycle15431 Words   |  62 Pagesindustries). †¢ Work patterns are changing – there is now a greater demand or emphasis by both employers and employees on part-time, casual, job-share employment arrangements, increased use of contractors, flexible working hours and a move away from the traditional working week (Monday to Friday). †¢ Length of working life is changing – for some people there is later entry into PL In addition to the above trends, human resource management must plan to assist the organisation to: †¢ meet current employmentRead MoreDeveloping Effective Research Proposals49428 Words   |  198 Pagesthe process. In this sort of research, the plan which is developed forms the basis for the rest of the research. Thus, the research proposal is a document which is a product – the end result of a process of planning and designing. As I will stress throughout this book, it is also an argument which needs to have a coherent line of reasoning and internal consistency. Two other less obvious, but important, characteristics of the proposal are: the proposal is often the first time a researcher (especially

Thursday, May 14, 2020

Early Life As A Social Determinant Of Health - 1503 Words

Question 1: The definition of early life as a social determinant of health given by Rumbold and Dickson-Swift is â€Å"A good start in life means supporting mothers and young children.† (Rumbold Dickson-Swift, 2012, p. 180). Early life describes the period from prenatal development to eight years of age, and is a time of remarkable brain growth and development, this period establishes the foundations for subsequent development and learning (Siddiqi, Irwin, Hertzman, 2007). As this period is considered to be the most integral developmental stage of life, the impact of social, environmental, and economic determinants can have long lasting, if not permanent effects (World Health Organization (WHO), 2015) . Children who in early life are subjected to adversities, such as poverty, inappropriate care, maltreatment, inadequate health care, or substandard education, are more likely to suffer difficulties later in life (Hertzman, 2013). A mother’s socioeconomic status impacts all aspects of not only her life, but that of her child. Where she is situated on the social ladder will influence where she lives, her access to employment opportunities, and to support networks within a community, the availability of reliable private or public transport can greatly limit access as well. It may have also influenced the quality of education she herself received, and the education her child will go on to receive. Poor education, will impact the type of employment she is able to get, which may leadShow MoreRelatedEarly Life As A Social Determinant Of Health1403 Words   |  6 PagesEarly life as a social determinant of health has the potential to impact both a person’s health and wellbeing. Social and economic disadvantage, belonging to a marginalised population, access to adequate nutrition, educational attainment and exposure to adverse experiences all contribute to an individual’s functional health into m idlife and old life age. Those children who suffer socioeconomic disadvantages have earlier onset and faster progression of disease, resulting in higher morbidity and earlierRead MoreMedia Article And The Social Determinants Of Health931 Words   |  4 Pages Introduction The following media analysis will review a media article that has recently been published. The report will refer to both the media article and the social determinants of health to discuss how obesity can potentially be the cause of several health issues, with appropriate evidence to support this. 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Health for Indigenous population is not only physical, but also social, emotional and cultural wellbeing of the whole community. However in Australia, there’s a lack of frameworks supporting the meaning of health that are based on Indigenous understanding (Priest et al. 2012). Thus some ethnic group also families living in poverty are being misrepresented by childRead Moredeterminants of health Essay1371 Words   |  6 Pagesï » ¿ Health Promotion Essay- The Determinants of Health The determinants of health are economic and social conditions that affect people’s health status. These influence the living and working conditions that impacts people’s everyday living condition. Factors such as the place and the environment we live in, genetics, educational level or work status and income, as well as friends and family are some of the aspects that affects our health condition. 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Wednesday, May 6, 2020

Impact Of The Convict Experience On The Life Of Mary Reibey

Part C – extended response Using all the sources provided and your own research analyse the impact of the convict experience on the life of Mary Reibey. (800-1000 words). The impact of the convict experience would have had a harsh yet inspiring impact on the life of Mary Reibey. Although the experience can’t be straightforwardly analysed as positive or negative, the overall impact can be determined. Mary Reibey’s life began on the 12th of May 1777. At the age of 13, Mary was sentenced and order to be transported to Australia due to her actions the time. Mary was disguised as a boy by the name James Burrow. She was sentenced to seven years transportation; she arrived in Sydney, Australia, on the Royal Admiral in October 1792. This is when the convict experience began for young Mary Reibey. When first analysing the situation that Mary Reibey had gotten herself into, you would initially think about the unfortunate position for such a young girl. Mary’s criminal life and sentencing was caused by an act of horse stealing. Her act of crime was taken action on and two years after her initial sentencing she arrived in Sydney. One of the main factors influencing the negative impact of the convict experience on Mary’s life is the long and strenuous voyage she had to face. Her trip to Sydney aboard the Royal Admiral was one full of harsh treatment, terrible food, filthy and unhygienic conditions and loneliness. In a letter that Mary wrote to her aunt Alice Hope, she spoke about

Tuesday, May 5, 2020

Business European Journal Of And Management -Myassignmenthelp.Com

Question: Discuss About The Business European Journal Of And Management? Answer: Introducation Medibank Private Limited is the largest private health insurance provider in Australia. It operates in the health insurance industry. It insures and sells its policies under the brand names: Medibank and AHM. It has around 3.8 Million members and covers 29.1% of the market share. It operates as a public listed company on ASX. It also deals in assisting the health insurance business, thereby earning income from its Complimentary Services. Resources are also retained to compensate its regulatory reserves, which generates monetary benefits from its portfolio of investment assets. Regulatory Authority of the private health insurance sector in Australia The private health insurance sector is regulated by Australian Prudential Regulation Authority (APRA) in Australia (APRA, 2018). The organizations operating in the private health insurance sector in Australia have to comply with the APRA rules and Prudential Standards . Also it is mandatory for the private health insurers to provide information under the Financial Sector (Collection of Data) Act, 2001 and its reporting standard to APRA. The organizations have to submit certain forms and follow directions of APRA in this regard (Kokobe Gemechu, 2016). Applicable Financial Framework on Medibank Private Limited The applicable laws and legislations on the Medibank Private Limited are: Auditing and Assurance Standards Board Australian Accounting Standards Board Australian Prudential Regulation Authority Australian Securities and Investment Commission Financial Reporting Council Financial System Inquiry Standard Business Reporting Nature of Companys Operations, its governance structures and its investments The company operates in the private health insurance sector in which it provides health insurance to the people. Along with this, it also provides consultancies for health management and telehealth services for the government and corporate consumers. It also trades in the travel, life and pet insurance products and services. The health insurance business granted 91.6 % of the groups revenue and 95.4 % of the segment operating profit in 2016 (Medibank, 2016). The amount of revenue amounted to 91.9 % whereas the segment operating profit decreased to 93.3 % in 2017 (Medibank, 2017). From the overall income earned by the group in 2016 and 2017, the resident health insurance policies sold to the retail and corporate consumers contributed to 97.8 %. In 2016 and 2017, the investment portfolio was $2.5 Billion comprising of cash and other investments. It provides sufficient cash to cover the insurance obligations and the mandatory reserves to meet claims related to the Health Insurance business (Medibank, 2017). The governance structure of Medibank Private Limited is as follows: Audit committee- It supervises the financial reporting Risk Management Committee- It assesses the organizations present and future risk management. Investment and Capital Committee- It controls the investments and capital management events. People and Remuneration Committee- It supervise the policies related to remuneration and people. Nomination Committee- It controls the overall board and committee membership and hierarchy of the organization. Apart from the committees, the Chief Executive Officer and Executive Leadership Team are accountable for the performance of the company. According to the Medibank (2016) the net income after tax in 2016 amounted to $417 Million while in 2017 it was $ 452 Million. The total assets amounted to $ 3266.2 Million in 2016, while in 2017 it was $ 3462.5 Million (Medibank, 2017).The total liabilities amounted to $ 1578.7 Million in 2016 while in 2017, it was $ 1742.7 Million. The total equity which comprises of Contributed Equity, Reserves and Retained Earnings amounted to $1578.7 Million in 2016 while in 2017; it amounted to $ 1719.8 Million. The organizations investment portfolio comprises of 25 % /75% for growth and defensive assets respectively. The company invests in listed and unlisted securities which are quoted at their fair value. Application of Accounting Policies in Medibank Private Limited The financial statements of the entity are authorized to be issued according to the resolution of the directors. They are prepared for the consolidated entity (Group) comprising of Medibank and its subsidiaries. The statement of accounts has been prepared according to the Historical Cost Convention except the financial assets, land and building and liabilities quoted at their fair value or market price. Also it follows different accounting policies according to its various segments. Entitys Objectives The organization has set the following objectives for achieving better health for the human community as a whole: It aims to diversify the Medibank and AHM products to distribute the best services and consultancy to its consumers. It focuses on developing and offering the leading services to its customers. Also as a part of its corporate social responsibility, it invests $ 4 Million towards childhood obesity. The Medibank Better Health Foundation focuses to develop health awareness in the society. It has evolved ecofriendly policies as it believes that a healthy environment can create healthy humans. It has endeavored to develop the green space in urban areas up to 20% by 2020(Medibank, 2018). Assessment of related Business and Financial Risks The substantial business risk which could influence Medibanks business activities are as follows (Auditing and Assurance Standards Board, 2013): Competition and retaining of consumers: The emergence of new firms, with their partnership with the existing firms can pose a threat to companys existence in the market. The private health insurers and assessment websites compete to retain the consumers regarding price, products, service and channels which results in the diversion of the customers. Health care prices and utilization: The increase in the health care costs can have an impact on product margins. This can lead to reduction in the value of products. Change in the legislations: The change in the government policy and legislations may affect the regulatory incentives, resulting in the decrease in the number of members. Product pricing and design: The products design and prices are subject to governments approval. So, if there is a change in the governments policies, it can pose a threat to the products value. Inappropriate claims: Inappropriate claims may arise due to frauds or errors resulting in the entitys outflow. Capital Management and Investment Returns: The portfolio is subject to market risks which can influence the value of the investment and income volatility. Loss of Healthcare Agreements: Non-fulfillment of the health care agreements may result in poor consumer experiences, loss of brand value and market share. Loss of data: There may be loss of data, procedures and mechanisms in the organization. Also, it may be influenced by cyber-attack (Ridha Alnaji ,2015) The Financial Risk comprises of the following risks: Market rate risk: It comprises of the risk resulting from the variations of fair value or future cash flows of the financial instruments, resulting from the variations in the market prices. It has the following parts: Interest rate risk: The fluctuations in the market interest rates resulting in the variations in the future cash flows is the risk of interest rates. The company is facing the risk of variations in the interest rates in the cash and cash equivalents and fixed income investments. In 2016, $1883.5 Million of the financial assets were exposed to Australian variable interest rate risks (Medibank, 2016). In 2017, the number increased to $ 2167.1 Million (Medibank, 2017). Foreign currency risk: The risk influencing the variations in the foreign exchange rates results in the foreign currency risk. The companys is facing transaction currency exposures, emerging from the purchase in foreign currencies. They comprise of dealings from operational cost within the business and purchase of foreign currency denominated instruments .In 2016, the financial instruments exposed to foreign currency risk amounted to $ 91.6 Million (Medibank, 2016). In 2017, the number decreased to $ 76.4 Million (Medibank, 2017). Price Risk: The risk resulting from the variations of the market prices of the fair value of future cash flows of financial instruments is price risk. The entity is subjected to equity price risk comprising of investments in the infrastructure, property and Australian and international equities (Otieno Nyangechi , 2013). Credit risk: The risk arising from the possible defaults of counterparty is termed as credit risk. The company is facing the credit risk to the amounts equal to its financial assets consisting of cash and cash equivalents and the financial assets at a fair value. Liquidity Risk: The risk faced by the company where it confronts the problems in arranging funds to fulfill its commitments associated with financial instruments. It may result from incapability to sell the financial assets at their fair value, failure of the counter party to repay its contractual liabilities or the company is unable to arrange the funds or an unexpected insurance liability due for payment (Deloitte, 2017). In the overall liquidity risk, the financial assets consist of property, plant and machinery and investments in working capital (OECD, 2014). Identification of Account Balances Subjected to Risk of Material Misstatement Specific account balance (i) (ii) (iii) Name of the account balance Liquidity Risk Credit Risk Price Risk (a) Explain why the account balance is at significant risk of material misstatement. The firm is facing the risk of raising funds to fulfil the obligations concerned with financial instruments. So, it may manipulate the accounts receivables by liquidating them and thereby increasing the amounts of cash and cash equivalents (PWC, 2016). The firm is facing the risk of possible defaults by counterparty, thus it is subjected to the risk of material misstatements. The firm does not have any financial mechanisms to lessen the credit risk .Also all the instruments are unsecured. The management can alter the amounts of the financial assets and project false accounts in the financial reports to show that it applies certain measures to mitigate the risk. The firm is facing the risk of fluctuations in the fair value of the financial instruments .It occurs due to variations in the market prices. As the firm is subjected to price risk in the fixed income investments due to changes in its credit spreads. The management can falsify the value of the investments which are influenced by the price risk. It can manipulate the value of equities in the financial statements (Flynn, 2016). (b) Explain the key assertion at risk of not being valid. Existence - The auditors believe that the amounts of the resources and financial obligations do not exist as stated in the books of accounts. Completeness- The financial events have not been recorded and the revelations are not made in the books of accounts. Accuracy- The auditors have a doubt on the valuations of the assets and liabilities (ACCA, 2016). (c) Detail one (1) relevant substantive audit procedure to address the assertion at risk as identified in b) above. Planning: According to KPMG (2015),the auditors shall analyse the possible risks and frauds by contrasting the various amounts related to accounts receivables. Testing Controls and transactions: The auditors shall evaluate the internal controls and examine the appropriateness of the dealings. Testing Balance: The auditors shall examine the companys performance by using the financial ratios and statistical sampling (ICPAK , 2017). (d) Detail one (1) relevant practical internal control that would mitigate the risk in relation to the assertion at risk as identified in b) above. Reconciliations: Sudden accounting reconciliations can guarantee that the balances in the companys books can match with those of the other entities (KPMG, 2018). Trial Balances: With the help of double entry book keeping system, the reliability regarding the balancing of books of accounts can be ensured. Approval Authority: Specified managers should be allocated the various responsibilities regarding the authenticity of transactions (AICPA, 2014). Conclusion To, conclude, the auditors PricewaterhouseCoopers have conducted an analysis of the financial statements of Medibank Private Limited regarding the assessment of its environment and business risks. It has evaluated its various account balances and stated the results pertaining to its study. They have identified the various risks of substantial mismanagement which can be minimized with the help of key audit procedures (PWC, 2017). The auditors have reviewed various audit policies and procedures complied by the firm with respect to the rules and regulations of the APRA and other legislations as mentioned in the above paragraphs. Also the firm follows the Corporate Governance Principles and has formed various committees for better administration and accomplishment of its strategies and objectives. Also, the environment in which the organization operates is full of vulnerabilities and market fluctuations. So, the auditors have observed all the accounting policies of the organization and with the help of various audit procedures and assertions; they tried to regulate the risks of material misstatements. References ACCA(2016). The Audit of Financial Statement Assertions. Retrieved from https://www.accaglobal.com/in/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/assertions.html# AICPA(2014). The Importance of Internal Control in Financial Reporting and Safeguarding Plan Assets. Retrieved from https://www.aicpa.org/content/dam/aicpa/interestareas/employeebenefitplanauditquality/resources/planadvisories/downloadabledocuments/plan-advisoryinternalcontrol-hires.pdf APRA(2018). About APRA. Retrieved from https://www.apra.gov.au/AboutAPRA/Pages/Default. Auditing and Assurance Standards Board (2013). Auditing Standard ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment. Retrieved from https://www.auasb.gov.au/admin/file/content102/c3/Nov13_Compiled_Auditing_Standard_ASA_315.pdf Deloitte(2017). 2017 Insurance Regulatory Trends. The Wall Street Journal. Retrieved from https://deloitte.wsj.com/riskandcompliance/2017/03/21/2017-insurance-regulatory-trends/ Flynn, K.(2016). Financial fraud in the private health insurance sector in Australia: perspectives from the industry. Journal of Financial Crime. 23(1).143-158. ICPAK (2017).Conducting Risk Assessment Auditing the Internal Control System. Retrieved from https://www.icpak.com/wp-content/uploads/2017/03/RISK-ASSESSMENT-AUDITING-ICS1.pdf Kokobe, S.A. Gemechu, D.(2016). Risk Management Techniques and Financial Performance of Insurance Companies. International Journal of Accounting Research.4(1). KPMG(2015). Audit quality . Retrieved from https://assets.kpmg.com/content/dam/kpmg/pdf/2016/03/audit-quality-report-2015.pdf KPMG(2018). Internal controls over Financial Reporting. Retrieved from https://home.kpmg.com/be/en/home/insights/2017/12/internal-controls-over-financial-reporting.html Medibank(2016). Annual Report 2016. Retrieved from https://www.medibank.com.au/content/dam/medibank/About-Us/reporting-centre-2016/Annual%20report/Medibank_Annual_Report_2016.pdf Medibank(2017). Annual Report 2017. Retrieved from https://www.medibank.com.au/content/dam/medibank/About-Us/pdfs/MPL_Annual_Report_2017.pdf Medibank(2018). Corporate responsibility : Our Approach. Retrieved from https://www.medibank.com.au/about/corporate-responsibility/community-fund/ OECD (2014). Corporate Governance: Risk Management and Corporate Governance. OECD Publishing. Otieno ,S. Nyangechi ,E. O. (2013). Effectiveness of Internal Control Procedures on Management Efficiency of Free Primary Education Funds: a case of Public Primary schools in Kisii central District, Kenya. Journal of Sociology and Social Work. 1(1).22-41. PWC(2016). Aligning Growth and Risk. Retrieved from https://www.pwc.com.au/pdf/how-enterprise-resilience-can-help-drive-growth-in-financial-services.pdf PWC(2017).Understanding a financial statement audit. Retrieved from https://www.pwc.com/im/en/services/Assurance/pwc-understanding-financial-statement-audit.pdf Ridha, M. B. Alnaji , L. (2015). Analysis and Measurement of Risks in Business: A Case Study on the Jordan Valley Authority. European Journal of Business and Management. 7(9).

Friday, April 10, 2020

National Jazz Hall free essay sample

This would also allow the NJ to sponsor jazz festivals, workshops and scholarships. The museum would be used to remember great Jazz artists, serve jazz enthusiasts along with education he public on the Importance of Jazz in American culture and history. Question 2 The stakeholders in this project begin with Mr.. Rutland himself. After that, some of the other stakeholders Include the board of directors for the INCH, the City of Charlottesville departments renovating the historic district of downtown Charlottesville, the consultant hired by the board, other tourist attractions in aroundCharlottesville and in Western Virginia, they include Monticello, James Monomers house, and the University of Virginia. Other stakeholders would be the contractors employed to renovate the Paramount, possible donors to the project, they could be private as well as governmental such as the National Endowment for the Arts, and the National Endowment for the Humanities. The potential jazz performers that are potential members of the NJ are also very important stakeholders. We will write a custom essay sample on National Jazz Hall or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page If this is not a highly recognized and reputable hall of fame, some of these Iconic Jazz musicians will not want to be members of the organization. Finally, Jazz fans as a whole are key stakeholders as well. Without them, there would not be a need for this type of attraction. Question 3 There are three major issues facing Mr.. Rutland and the NJ. They are: 1. Fund raising, 2. Building and leading a professional team to complete the project. 3. Marketing In order to promote the NJ and gain national recognition.In order to successfully address these issues the following skills will be needed: Good communication skills Since the PM will be dealing with many different type of people, groups and audiences, they will need to be able to communicate effectively n all of these different levels. They need to communicate with government entities In order to secure the necessary permits and Inspections once the theatre is set to be renovated. They will have to speak with philanthropic groups In order to raise private funds for the renovation of the theatre along with donations to run the NJ. OFF such as the National Endowment for the Arts. For issue two, the PM will be the team leader and have to communicate well with each group of the project team. They will have to work with the different teams to create the renovation plan. Once that is one, they will have to work with many different contractors to secure bids before deciding on who will complete the renovations. Other groups that the PM will have to communicate would include the finance team, the procurement team and the budget team. As for issue number 3, the PM will have to work with several marketing firms who specialize in the work needed for the NJ to establish national recognition. They will have to meet with many different firms in order to select the best one for the NJ. Once that group is selected, the PM will be the interface to that group for the project. Communications with this group will of course be vital to the longevity of the NJ. Ability to command respect The PM needs to be to command respect from every group involved in each aspect of the project.Without respect, none of the groups will be encouraged to complete their assigned tasks. Also, without respect the project as a whole will not have any credibility. It is this respect and credibility that will help generate private and government funding. Also, if there is no respect in the project, the NJ will not gain any respect in the Jazz community. Without that, why would any of the potentials Jazz musicians want to be member of this hall of fame? Conflict Resolution skills this is a basic skill that every PM must have. Without it, no project would move forward.In this project, the conflicts could be many for all three issues. If the PM cannot resolve the conflicts that will arise from the renovation of the theatre alone, the other two issue will never come to fruition. Good knowledge of project management principles Of all of the PM principles, risk management is key in this project. If you look at issue two, fundraising, what happens to the project if a major source of funding becomes compromised? One real world example is the Boy Scouts of America. They received almost of their annual budget from a donation by the American United Way.A few years ago, the United Way reduced their donation significantly. The BAS now receives only one percent of its budget from that organization. It was real blow to their ability to maintain their year round projects. In order to recoup this budgetary loss, they established the Friends of Scouting project. They now solicit donations from the parents of Scouts, former Scouts and other companies and non-profit organizations to fulfill the gap. The PM for this project will have to have contingency plans in place like the BAS has done.Be comfortable in an uncertain environment This is a huge, multifaceted project that a PM can understand every aspect. The PM for this project needs to be able to manage well the pieces they know very well and have the ability to manage the pieces they are not so familiar with. They need to put the right people in place for the aspects of the project they are the least familiar. Say the PM is strong in construction but weak in fund raising, they need to find a good fund raiser and someone who is good with marketing. Question 4 I feel that Mr.. Rutland does have credibility.He is a professor of History at the University of Virginia. I dont think that he would have been able to have had Jazz didnt feel that Mr.. Rutland and the board of directors he established were credible. Having two famous Jazz musicians like that on the board definitely adds credence and credibility to Mr.. Rutland plan. Is Mr.. Rutland a leader? A leader is defined as interpersonal influence, exercised in situations and directed through the communication process, toward the arraignment of a specified goal of goals. Mr.. Rutland has shown that ability in the first year of building the NJ. Mr.. Rutland came up with the NJ and locating it in Charlottesville, VA. He enlisted the help of his fellow Jazz enthusiast, and created the board of directors for the hall of fame. After that he found a possible building location that, by name, has ties to the famous jazz era of the sass and 19402 in New York City. This would give the NJ a headquarters with a credible and recognizable name. After establishing the board, Mr. . Rutland went out to generate funds for the hall by applying for grants from philanthropic groups along with various government agencies.They were denied for two reasons, inexperience of the board members and the brevity of their existence. This could not be construed negatively toward the board or affect their credibility. Mr.. Rutland also understood that the NJ would need visitors to help generate revenue to continue the halls existence. He found that over half a million people visit the Charlottesville area to see many other attractions. He knew he had to work with the various venues and tourist organization to help promote the NJ as a viable attraction. Finally Mr..Rutland showed his leadership in hiring a consultant to help answer two questions. One, what is the interest level of the respondents for Jazz and the establishment of a National Jazz Hall of Fame. The survey was conducted on a national level and on a local level. This allows Mr.. Rutland to find out if people were actually interested in a Jazz Hall of Fame and if they would attend, Jazz music as a whole, if people would be willing to donate money to such an organization, what services and events they would expect from the hall and what the average person interested in such a place would be willing to pay for admission.This gave the board n idea of what kind of funding they could expect from eh public through donations and admission fees. Question 5 The cultures relevant to this project are the African-American, Cajun, Africans, and American. Jazz was influenced by different cultures and sub-cultures. The music also has roots in the development of other music movements around the world. In the US, Jazz has influenced, the Blues, RB, Mouton, Dixieland, Classical and Country music. Jazz is a melting pot of music as well having its roots in other genres.The project environment for the National Jazz Hall of Fame was a struggle to get off he ground, but was met with great enthusiasm. After the first year, even though they had many setbacks due to difficulties raising contributions from outside sources and finding out they needed at least $600,000 to renovate the theatre, Mr.. Rutland and the board felt the project showed promise. Mr. . Rutland did not seem to give up, but found other ways to promote and endow the NJ. He tried to utilized the local tourism outlets, the NJ promoted concerts to raise money and awareness. Mr..Rutland visited other halls of fame to gain ideas and insights into their success. He interest the public would have for a Jazz hall of fame. Question 6 Mr.. Rutland should do the following: Budget- Philanthropic organizations Since they had difficulties raising funds from these types of organizations due to a lack of experience on the part of the board, they need to hire an executive director with fund raising experience. This will give them someone with the proper background that these organization are looking for and a higher level of credibility. This will help solidify them as a true purveyor off hall of fame for Jazz.Government Agencies Once they have a qualified executive director ND have been established for over two years, they should reapply for government funds from groups like the National Endowment for the Arts. They will be able to get enough funds so that they may even begin to renovate the theatre. Donations The survey showed that they could receive an average of $23. 40 per donation. They should pursue a low cost way of garnering these donations in order to increase their bottom line. The survey targeted individuals over 35 years old with an income of $50,000+. Perhaps they can target other age and income range along with woman.Memberships These are an excellent way to raise money. You can usually provide a few low cost incentives to individuals and they will pay a little more of an admission fee to benefit from those perks. However, at this time, without an actually facility for the hall of fame, memberships may be something they should wait on. It was recommended that they pursue Founding Memberships. This would be a more viable option until it is decided on where the actual NJ will be located. Everyone likes to say that they were the first ones to be involved in a new endeavor. Visitors The survey found that the average admission fee could be $3. 0. This is a good price engendering how many tourists visit the Charlottesville area. Again, until a facility if build and functional, this idea should be set aside. Budget Expenditures. The Paramount Theatre is the NSF largest expenditure at $600,000. Other expenditures are the cost of the surveys. Future costs will be setting up the Founding Membership accounts, the regular memberships (if any), the salary of the executive director and all of the operational costs of an office for that individual. There will also have to be a budget for correspondence, fliers for concerts and workshops, etc.A Travel budget or the executive director will be required as well. Performance: service/activities The NJ will have to continue to sponsor concerts and workshops. This will help them promote their mission along with getting their name out there. Offering a scholarship will help as well. This would also help gain credibility with the National Association of Jazz Educators. Competition The NJ needs to work with their competition. This will allow them to learn about how they are doing things. What works and what does not. It could also give them an opportunity to create an association with other hall of fames.

Monday, March 9, 2020

Tips for Writing the Best London Business School Mba Essay Essay Example

Tips for Writing the Best London Business School Mba Essay Essay Example Tips for Writing the Best London Business School Mba Essay Paper Tips for Writing the Best London Business School Mba Essay Paper Different people write mba application essay in different ways. Some of them pay attention to setting up a business plan, a business financial plan, business marketing plan. But our recommendation would be to follow our mba application packages. The following requirements characterize the structure of the business school essay: The author presents his point of view in the form of the abstract thesis. The thought must be backed up by evidence – that’s why arguments follow thesis (arguments). Thus, business school programme acquires an annular structure (the number of theses and arguments depends on the topic, the chosen plan, the logic of the development of thought): 1.Introduction. 2.Main body: thesis, arguments (1); again thesis, arguments (2); -and again thesis, arguments (3); 3.Conclusion. During writing business school programme, it is important to consider the following points: -The introduction and conclusion of consulting our mba should focus attention on the problem. -It is necessary to highlight paragraphs, red lines, and establish the logical connection of application essay questions: thus the integrity of the work is achieved. -Style of presentation: emotionality, expressiveness, artistic nature characterize the optional essay. Experts believe that one can provide the proper effect by short, simple, diverse intonation sentences, the skillful use of the most modern punctuation mark a dash. However, the style reflects the peculiarities of the person; it is also useful to remember about it. Essay questions london for your paper Before you start writing school mba, focus your attention on the following essay questions. Common knowledge is that the answers to such questions will help you realize which aspects it is better to clarify in writing: 1.Affecting your personal qualities or abilities in the essay, ask yourself: Do I differ in quality from those I know? What did this quality manifest? About the activity you are engaged in: What made me take up this kind of activity? Why did I continue to do this? 3.About every event of your life that you’ve mentioned: Why do I remember this particular event? Has it changed me as a person? How did I react to this? Was it a revelation for me; what have not I suspect before? 4.About every person you mentioned: Why did I call that particular person? Do I want to become like he? What qualities do I admire? Have they been told something that I will remember all my life? Did I review my views? 5.About each of your preferences and what you do not like: Why do I like or do not like it?   Has this circumstance affected to a large extent my life? 6.About every one of your failures: What did I learn as a result? What useful thing did I get out of this situation? Application essay classification You may write your london business school essay in the next formats: 1.From the point of view of the contents of the essay editing: philosophical; literary-critical; historical; artistic; artistic and journalistic; spiritual and religious, etc. 2.According to the literary form, the school mba appear in the form: reviews; lyrical miniature; notes; diary pages; letters and other. 3.Also they distinguish: descriptive; narrative; reflexive; critical; analytical and others. In this case, we base the compositional features of the work on the genre of the focused mba essay. Finally, we can present the classification of the mba in   two large groups: -personal, subjective essay, where the main element is the disclosure of one or another aspect of the authors personality. -application packages, where someone subordinates the person to the subject of the description or some idea. Essay tips you need to pay attention to It is possible to highlight some common features (genres) of the business school essay, which you can find   in encyclopedias and dictionaries: 1.A small volume. Of course, there are no hard borders. The volume of the optional london business school essay is from three to seven pages of computer text. For example, the Harvard Business School often writes essays just on two pages. 2.A particular topic and emphasized the subjective interpretation of it. The theme of the business school optional essay is always specific. The essay cannot contain many themes or ideas (thoughts). It reflects only one option, one thought. And develops it. This is the answer to one question. 3.A free composition is an important feature of business school education essay. Researchers note that such structure of essay does not tolerate any formal frameworks. It is often built contrary to the laws of logic, obeys arbitrary associations. 4.The ease of narration. It’s important to the author of the paper to establish an open style of communication, the information you believe with the reader. If you want to be understood, you need to avoid deliberately complicated, obscure, unnecessarily rigorous constructions. Researchers note that a good essay can be written by one, who is fluent in the topic. Sees it from different sides, and is ready to present to the reader not an exhaustive. But a multidimensional look at the phenomenon, that has become the starting point of his reflections. 5.The propensity for paradoxes. Mba goals are intended to surprise the reader (listener) this is, according to many researchers, his essential quality. The starting point for reflections embodied in the essay is often an aphoristic, vivid statement or a paradoxical definition. It   literally confronts, at first glance, indisputable, but mutually exclusive statements, characteristics, theses. Two more tips 6.Internal semantic unity. Perhaps this is one of the paradoxes of the globally focused mba genre. The essay is free in composition genre, oriented to subjectivity, has an internal semantic unity, and at the same time, the consistency of key theses and assertions, the internal harmony of arguments and associations, and the consistency of those judgments where the author expresses his position. 7.Orientation to conversational speech. It is necessary to avoid using slang in the application essays, template phrases, word cuts, too frivolous tone. If you feel that it’s a bit hard for you to write london business school mba essay on your own, we want to mention that there is always someone ready to help. https://paperap.com/ is one of the most popular services of writing any kind of essay at any time you want.