The Popularity Of Agnes Gonxha Bojaxhiu - 2255 Words

Mother Teresa, although she was not hidden from the public eye, she was hidden from me until recently. Her ways I discovered were simple but simply perfect, and her words crept into my heart and made me feel her love even now. She lived a life of truth, I soon discovered, and one that I now yearn to have the strength to attempt to imitate. Her life was anything but ordinary and began with a small seed of love, but eventually flourished into the most beautiful and breathtaking love to behold. Agnes Gonxha Bojaxhiu was born to Nikola and Drana Bojaxhiu on August 26th 1910. She grew up in Skopje, Serbia. Agnes was the youngest of three children and flourished in a stable and nurturing environment (Butler’s 213). Her father was a well-known†¦show more content†¦Nikola and Drana endowed Agnes with a good foundation for her faith and many other virtuous attributes. For instance, one night Agnes and her siblings were gathered together telling stories and jokes when the ligh ts suddenly went out. Her mother then appeared and told the children that she would not waste lights on such nonsense (Scott 31). Besides teaching her children about caring for those around them and living a no-nonsense life Drana also showed her faith by going to Church every day and making a pilgrimage once a year. As Agnes grew up, her relationship with Christ was strengthened and at the age of 12 she heard the Lord call her to give her life to him. Agnes, seeking to do God’s will, at the age of 18 left to join the Loreto Sisters in Dublin, Ireland. When Agnes told her mother she was leaving to become a Sister her mother although very sad because she knew she would probably never see her daughter again gave her one last piece of advice, â€Å"Put your hand in his . . . and walk all the way with Him† (Scott 43). Agnes took her first profession on May 1931, where she took the name Teresa after Saint Therese of Lisieux, her final profession would be made on May 24, 1937 (Butler’s 213). This marked the beginning of her life long journey to be a witness of Christ to others and the love she would out pour upon all who encountered her. While Teresa was with the Loreto Sisters she was sent to Calcutta India where she taught at the St.

Rugby Players Asset or Expense

Question: Discuss whether Rugby players are valuable assets of a business or an expense. Use the definitions of assets and expenses in this book to show which of the elements of financial statements human resources. Answer: Today world is seeing shift from manufacturing to services industry which is now taking more and more people under its umbrella. Few decades ago it was shift from agriculture to manufacturing sector for most developing economies. This trend of rise in services sector has raised questions on accounting policies related to Human resources. Human resources is used for the people employed by business that includes use of talent, intelligence, knowledge, experience and understanding of the organisation, its culture and the history. (Islam and Sarker, 2016).For an IT company which has negligible assets in form of machine or patents or infrastructure, etc their man power becomes their strengths. (Cheriyan, 2012). An organisation has both physical as well as human resources but the organisation is successful only when some human is able to utilize the physical resources well. That is why there is lot of emphasis on talent and management these days. Without human resource an organisation cann ot run. Same goes for Rugby players. The team which is income generation source for the club is nothing without players. So, players are like the assets for the club on the basis of whose expertise and talent the team is making money. (L. Bullen and Eyler, no date) Previously organisations tried to avoid expenses in the form of money spent on employees and first step towards cost cutting came from reduction in number of employees. Now they have started recognizing the importance of human resources. Going by definition of assets, they are resources which are controlled by an entity as result of historic events which help derive economic benefits in future for the entity. When we look at Rugby players, they are assets in the way that they are the reason for money inflow that will happen for the club through future gate receipts received by the organisation. The training and employment of players would constitute a valid past event. But, are these rugby players controlled by entity, as a result of the contract? Are players capable to leave whenever they want to or are they slaves)? Hence looking at it from control perspective they do not meet definition of an asset. Hence they satisfy partial definition of assets because these players do not belon g to organisation throughout. Also there are issues related to measurement of the cost or value of the players, which makes it difficult to record assets. The football industry is the only UK sector where human resource accounting has been applied in financial reporting, in accounting for transfer fees (Morrow, 1999). On the contrary looking at the definition of an expense which is decrease in equity which represents decrease in profits in the form of economic benefits as outflow, as reduction of assets or as the incurrence of liabilities. Salaries and wages expenditures fall within this definition because cash or benefits have to be paid for work of players. Consequently, expenditure done on human resources in the form of their training, accommodation, food, etc are therefore is therefore usually classified as an expense. Costs incurred in selection, recruitment, training, and development increase skill set of employees and hence as per modern view of accounting are investment which helps organisation gain benefits in future, but what about scenario when this trained person leave organisation? Expense is money spent which after a year nothing has left to show it as items have been consumed like rent, raw material, power cost, etc. In case of Rugby players, we cannot be sure about duration of a Ru gby player staying with the club and also, contracts have been sometimes called illegal too. There have also been instances of players violating the contracts and moving to a different club. Hence tenure of a Rugby player is not clearly defined which adds to lack of clarity in how to deal with the cost incurred. A club trains and takes care of all needs of a player, but players move to different clubs in pursuit of more money or fame. Hence this issue needs to be tackled. If clubs start considering them as assets, then there are costs associated with development and training of player which should be expense or maintenance? Also, it is becoming difficult to value a player as all players command different valuations. Hence placing a fair value to a player as an asset is again a challenge. On the other hand, treating players as expense poses another challenge where a player might sign contract of couple of years and fees is paid in first year. So, there would be huge jump in profits o f the club in second year w.r.t. first year which got subdues because of huge player fees and impacted bottom line. In a thesis by B.C. Brommer he has tried understanding future economic benefits that a club gets from a player and found out that there is no correlation between investment in player and economic benefits for that club. He also argues that players do not meet the IFRS recognition criteria for assets as Future economic benefits argument is nullified. (Brommer, 2011).Looking at the way contracts are made for Rugby players we see there are multiple types of contracts which last from one season to three to four seasons and hence are spread across 1-4 years of window and for some players they go till 5 years. In 2015, Wallabies flyhalf got opportunity to sign a flexible contract where he could play both for Australia as well as Japan. (Writer, 2015). Hence, we see will of players makes a lot of impact. They cannot be controlled. Even structure of contract is such that they are though restricted still they have an option to get out of contract and buy the contract period. So, saying since the contract of some years has been signed and player will not leave is misunderstanding. Players do leave at their discretion. The fees paid to Rugby players are in the form of one time token money as well as monthly salaries which are pre decided at the time of contract. One who wants to walk out of contract needs to buyout the contract as well as they needs to offer player a better salary. So, even future economic benefits are wiped out in thin air if a player walks out of contract. For a club, Rugby players are like lease of asset which they have taken under them. There is need of payment for this lease in the form of salaries of the players according to their market value on monthly basis. Also, there is a legal contract which exists. Just like lease rental payments are treated as expense, similarly this analogy can be extended to Rugby players too who are definitely valuable to the club but can be bought out by others and have their own will which does not give controlling rights to club over player like an organization can make use of land on lease but cant control other factors about it. But the players also show characteristics of a Machine, where because of a player a club performs well and get revenues, but with time it needs training and development like a machine needs maintenance and repair. Also, as player ages, his/her value decreases, tenure of contract shifts to one year contracts and salary paid also decreases along with his value and demand amon g the clubs. Hence just like a machines value decreases with time, the same happens to a player. There is a more controversial topic, accounting treatment for transfer fees of players. Transfer fees are payments made for acquiring player registration, and it provides exclusive access to professional activities of the individual. The grey area is in treatment of player as asset or expense and also amount of control over player. Previously traditional treatment was to account for them as expense and transaction was recognized as operating/exceptional item which reduced income of the club. Few clubs took capitalization route which inflated assets as well as reported earnings. (Rowbottom, 2002) The rift between traditional and modern accounting method to calculate value of a Rugby player and other Human resources continue. There is no clear instruction on how to calculate how much a firm has benefitted from a player/employee in terms of economic benefit and also it is impossible to calculate future earnings from investment in an employee because of various factors involve which makes their valuation tough. (Steen Welch, no date). There is need of common regulation so that all the clubs and organisations have uniform reporting when treating them. This difference in approach leads to inflated bottom line for those who show players as an asset and amortize them over time whereas unstable bottom line for those who treat their salaries and expenditures on their training as expense. A common accounting standard for this industry would make choice for an investor easy and understanding clear on looking at financial statements. He/she wont have to look for approach used by each or ganization in treating human resource once the industry specific guidelines are issued for treatment of human resources for reporting purposes. References Islam, M.S. and Sarker, J. (2016) Human resource accounting: Practical challenges in recognition, measurement, accounting treatment procedure and a possible way out,IOSR Journal of Business and Management, 18(09), pp. 4146. doi: 10.9790/487x-1809024146. Bullen, M. and Eyler, K.-A. (no date) Human resource accounting and international develop ments: implications for measurement of human capital, Journal of International Business and Cultural Studies. Brommer, B.C. (2011) Does the recognition of f ootball players contracts require extra attention? Tilburg University, Tilburg, The Netherlands. Available at: https://arno.uvt.nl/show.cgi?fid=116328 (Accessed: 4 January 2017). Writer, S. (2015)Bernard Foley signs three year flexible contract with Australian Rugby union. Available at: https://www.rugby.com.au/news/2016/02/09/bernard-foley-signs-three-year-flexible-contract-with-australian-rugby-union (Accessed: 4 January 2017). Steen, A. and Welch, D. (no date) Are Accounting Metrics Applicable to Human Resources? The Case of Return on Valuing Assignments,Australasian Accounting Business and Finance Journal, 5(3). Morrow, S. (1999). The New Business of Football, MacMillan Business, UK. Rowbottom, N. (2002) The Application Of Intangible Asset Accounting And Discretionary Policy Choices In The Uk Football Industry,The British Accounting Review, 34(4), Pp. 335355. Doi: 10.1006/Bare.2002.0215. Cheriyan, N.K. (2012) A Case Study On Human Resource Accounting In Infosys Available at: https://thecommercepedia.blogspot.in/2012/05/case-study-on-human-resource-accounting.html (Accessed: 4 January 2017). Morrow, S. (1992). `Putting people on the balance sheet: HRA applied to professional football clubs', Royal Bank of Scotland Review, 174(June), pp. 10--19. Morrow, S. (1995). `Recording the human resource of football players as accounting assets: establishing a methodology', Irish Accounting Review, 2(1), pp. 115--132.

Internet Addiction Essays - Behavioral Addiction, Internet Culture

Internet Addiction Research Paper Theme: Social Impact of the Internet 8 October 1997 ABSTRACT The Internet is the largest source of information in the world today. With its web sites and chat rooms, it is a means of communicating with people in places all over the face of the earth. Since its conception in 1973, the Internet has grown at a whirlwind rate. 51 million adults, were on-line as of the second quarter 1997 in the United States alone. Some say that the Internet is so enjoyable that it is almost addictive. The problem is that researchers are beginning to agree with them. Studies are revealing that there may be an actual form of addiction involved with over-use of the Internet. Identifying which category of addiction the Internet falls into is the problem. There are no real answers yet because research in this area is at the beginning stages. While lost in this so called ?Cyber Community' for long periods of time, people are neglecting other important activities like; time with the family, soci alizing, work and health concerns. One of the most extensive studies on Internet Addiction to date was conducted by Dr. Kimberly S. Young of the University of Pittsburgh at Bradford. In her study, she revealed concrete evidence supporting the Internet Addiction claim. However, help for web addicts is available. There are several web sites available for the treatment of Internet addiction, as well as counseling centers and clinics. Is it Live, or is it Internet? Internet Addiction The Internet is the largest most versatile source of information in the world today. With its web sites and chat rooms, it is a means of communicating with people in places all over the face of the earth. But with all this power at our fingertips, are there any negative impacts of using this interface? Are we as ?simple humans' capable of interacting with such a powerful communication source. Recent studies are beginning to uncover evidence that would suggest that maybe some of us are not so capable of deal ing with this technology. In fact, as more research is conducted, experts are finding that the Internet may even be addictive! Development of the Internet began about 15 years ago. In 1973 the U.S. Defense Research Projects Agency initiated a program to research the techniques and technologies for inter-linking various types of networks.1 The objective was to develop communication protocols that would allow networked computers to communicate transparently across multiple, linked networks. This was called the internetting project and the system of networks that emerged from the research was known as the Internet. Since that time, various other research projects, to include those conducted by the U.S. National Science Foundation and the National Aeronautics and Space Administration, have shaped and tailored this project to give us the Internet as we know it today. (1) The Internet has now grown to include over 4500 Service Providers in the United States alone. A survey by Christian Hu itema of Bellcore indicated that there were 26 million host computers on the Internet as of September 1997.2 A survey conducted by Intelli Quest Information Group Inc. showed that 51 million adults, age 16 or older, were on-line as of the second quarter 1997 in the United States alone.3 With such a large portion of the population swimming in this seemingly never-ending sea of information, what is the real impact of the Internet on society? It seems that the majority of society thinks the Internet is the greatest invention since the telephone. This is probably best justified by the whirlwind rate at which the Internet grows. In fact, some say that the Internet is so enjoyable that it is almost addicting! The problem is that recent studies have shown that the Internet may not only be addicting because it is enjoyable, but that a fairly large number of users are experiencing addiction of a clinical form.4 Identifying which category of addiction the Internet falls into is another proble m. There are no real answers yet because research in this area is at the beginning stages. A few researchers are comparing the Internets effects to marijuana as a psychostimulant. They argue that the chemicals in marijuana activate the same stimuli as

Neuromancer essays

Neuromancer essays The case against Microsoft is based not just on bad economics, but on a fundamental misunderstanding of government's decision-making role when it comes to market operations. This misunderstanding has led to an attack on one of the USs most successful firms. It is difficult to measure consumer "harms", much less harms that may only occur in the future. A common misconception about antitrust law is that its purpose is to ensure fair competition. That's not true; antitrust law's purpose is to protect consumers. If fair competition maximizes their welfare, so be it; if monopoly maximizes their welfare thats what the antitrust laws provide for. It's not clear that Microsoft has a monopoly in the first place. Past Microsoft customers are not a captive market, as the Department of Justice portrays them. Rather, Microsoft must continue to add features and functionality to its products to get its Windows 95 consumers to become Windows 98 (and beyond) consumers. Consumers are free to change operating systems at any time. There are such alternatives as Linux with the graphic interface, the Mac OS but the point is that even if there were none Microsoft's ability to raise prices is strictly limited by the mere possibility of such an alternative's emergence into the market. Predatory pricing that is, the practice of lowering prices to drive out competition, thus enabling massive price increases later? Well, maybe. There are compelling academic theories that question the possibility of predatory pricing in a free market, but economists universally agree that one component of predatory pricing must be high entry/exit costs. If the competition can enter and exit the market at very low cost, driving them out serves very little purpose, since as soon as you, the monopolist, get around to raising your prices, they'll come right back in and compete those profits away. The purpose of this discussion of pricing strategy is to show that Mi...

TBD Essay Example | Topics and Well Written Essays - 750 words

TBD - Essay Example Contrarily, the US Constitution is a document that represents the rule of law in relation to how the government is expected to perform duties with regard to American citizens.  Primarily, the US Constitution is the supreme law of the United States of America. The Constitution was written and documented in the year 1787, a few years after the DOI was made (The Constitution of the United States). It should be noted that unlike the DOI, the Constitution was written under a convention of all the states. The convention was tasked with making changes to the old system of governance. Despite the fact that both documents contain significant information about America, they also vary in some specific aspects. This paper will discuss about the context within which both documents were established, the goals and intended audience of each document; and the style, structure and tone of each document. The DOI was majorly written to express the dismay and convictions of American citizens under the British rule. Written in unforgiving and exalted phrases, the DOI was based in the context that American citizens were accusing the King of Britain of ignoring the law and abusing his authority and power (The Declaration of Independence). Specifically, it was thought that the King had a profound disregard for the best interest of citizens living in the 13 colonies. Besides, it should be noted that signatures contained in the DOI are from the 13 colonies (The Declaration of Independence). Moreover, the DOI was drafted by a single person, Thomas Jefferson. Contrastingly, the US Constitution was written on totally different grounds. A convention was called in order to recommend changes in the old system of US governance (The Constitution of the United States). It was during the 1787 convention, with attendance from all the states, that the Constitution was drafted. Upon approval from all the states, the US Constitution came into operation in 1789. Notably, the

Classical and Structural Realism Essay Example | Topics and Well Written Essays - 4000 words

Classical and Structural Realism - Essay Example This paper aims to discuss and analyze Classical and Structural Realism. It compares and contrasts these two branches of Realism. With the use of relevant examples and appropriate analysis, it is hoped that the differences and similarities between the two can be thoroughly discussed. In this analysis, the US behavior was used as a model due to the fact that it is the world’s lone superpower and is thus the main actor in the play called international relations. Before discussing Classical and Structural Realism, it is appropriate and proper to first define what Realism is. This approach provides a rational and realistic view of how international affairs are acted. It is based on the way things are done and not on the way things should be done. The way it views the world’s international affairs utilizes that of a scientific method – based on facts and not in abstract ideas, based on the analysis of the causes and consequences of the events. It is logical and not im aginary. Machiavelli captured the essence of Realism with the following statement. An example of an international event that is viewed as using the â€Å"imaginary† and â€Å"utopian† approach is that of the Kellogg –Briand Pact which outlawed any more wars. This was a consequence of the bitter experience of World War I. The proponents unrealistically assumed that war would never happen again and that the signatories would comply with what they have agreed upon. An example of a realistic view was provided by Waltz when he viewed the spread of nuclear weapons.

Great Expectations Essay Example for Free

Great Expectations Essay This shows just how angry she is about being dumped. In Havisham Carol Ann Duffy makes miss Havisham seem less than human in many ways, first of all she degrades her by not giving her a proper title, just Havisham not Miss Havisham just Havisham this makes her seem in an under class, then she says that she spent whole days cawing nooooo this makes her seem like a crow as a crow caws, also the crow is an ugly bird so this makes miss Havisham seem even worse. In both Great Expectations and Havisham miss Havisham is shown as an evil old woman, however her appearance is described more shockingly in Great Expectations as miss Havisham is described through the eyes of a small child, Pip. In Havisham she is described through her own eyes, also her description in Great Expectations was of her appearance, her white hair, the yellowing dress e. t. c and in Havisham it is more so her feelings and not so much to do with her appearance. Great Expectations was wrote in a time when gothic novels were very popular, for example Bram Stockers Dracula or Frankenstein by Mary Shelly, also The Castle of Otranto by Mrs Radcliffe, as a result of this Mrs Havisham is portrayed in a very gothic way, as when Pip first sees her he compares her to a waxwork, see was very similar to a waxwork I remember having once seen that quite scared me also because Great Expectations was written a lot earlier than Havisham so Charles Dickens will have been a lot more restricted with the language he could use. You can see this as in Havisham Carol Ann Duffy describes miss Havisham making love to her fianci then biting off his manhood, Charles Dickens would never had dreamed of putting that in his novel so it shows that the two pieces of writing are different not just because of the authors styles or format but also because of the social and historical context. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Great Expectations section.