Love Essay - 454 Words

Love Love is difficult to define, difficult to measure, and difficult to understand. Love is what great writers write about, great singers sing about, and great philosophers ponder. Love is a powerful emotion, for which there is no wrong definition, for it suits each and every person differently. Whether love is between family, friends, or lovers, it is an overwhelming emotion that can be experienced in many different ways. People experience love for the first time by being part of a family. Family love is demonstrated through lessons of sacrifice, concern and compassion, from the cradle to the grave. There are many different levels and conditions of family love. It is the love we cherish between our intermediate family and our†¦show more content†¦A close-knit loving bond between two people can begin with a friendship. Whether it is a friendship between two males, two females, or one male and one female, these friendships will develop into love. In no way is it a romantic love, but this type of love connects and bonds friends. Friends may move away or friendships may wane, but the love between the two people burns on forever. Romantic love is a love that not every person will experience. It is a type of love that is not there at the beginning, but grows within the individual. When one finally finds the love they have been looking for, one can not imagine life with anybody else. Romantic love is a connection between two souls that is captured with a feeling that is not only felt within the heart but within their body as well. I have never been in love with a girl; I can only imagine what it might be like to be in love. Guessing from my sister’s relationship with boys, it seems like a big headache instead of a wonderful feeling. To simply write a definition of love is complicated because every person has a different perception of love. The only way to capture the true meaning of love is to experience the feeling and find out for oneself, what love is. In our lives and the lives of others, love is evident. Whether it is between family, friends, or lovers, love is a preciousShow MoreRelatedThe Love Of Love And Love1732 Words   |  7 Pagesstill today, love is one of the most talked about topics, from the media to our everyday lives. It is described as being one of the best feelings on earth, and one that many cannot live without. Being in love gives a feeling of purpose; something to live and strive for. Everyone in this world desires love in any form, whether it is with family, friends, or a romantic partner. It is a basic human need. Basic needs are said to motivate people when they are essentially unmet. When love and affectionRead MoreLove And Love : My Love Of Love724 Words   |  3 Pagesthis did not stop me, and I continued my kindergarten career chasing after a boy in my class, making him hold my hand every time we went to recess. Alas, this crush continued until middle school, and I will always remember this boy as my first-first love at sight. Despite the infatuation my six year old self found herself in, there laid a sort of mystery around girls. It was not until I was in sixth grade when I started developing an inclining around the other girls I spent a majority of my time withRead MoreLove : A Kind Of Love1671 Words   |  7 Pages Intro to lit. 125 A Kind of Love Love is eternal. The boundary of love is not defined yet and can never be defined. Love has created a wonderful cities and has also destroyed the wonderland. Some classify love as something that you feel for some people sometimes. It is often linked or used interchangeably with lust. Others feel that it is something that is constant and untouched by judgement and feeling. The true eternal love is hard to find in this world and few lucky peopleRead MoreLove : Love And Relationships Essay1213 Words   |  5 PagesLove and relationships Love is a significant aspect in people’s lives that requires commitment and attention. Despite the many assumptions on love, it is important to understand that happiness in love comes from sharing not only the good but also the bad. In order to have a successful relationship, there is need to understand that love requires sacrifices as well as endeavoring to cultivate love for mutual benefit. If true love existed in the world, there would be no need for divorce. EveryoneRead MoreLove And War And Love1513 Words   |  7 Pageswar and love. They also have their own opinions on a way to go about these things. These two subjects seem to be completely opposite of each other, but they still manage to tie in together. They might not be the same thing but in certain scenarios they can be viewed as the same thing. For example, in some situations love can be considered the same as war. However, love and war can contradict themselves at the same time to. Sometimes, love can bring war, but war can also lead people to love. It allRead MoreFriendship, Love, And Love1401 Words   |  6 PagesFriendship and romantic love are two of the most fundamental relationships that human beings engage in. As social animals, most humans are naturally drawn to form bonds of affection with other people. Both friendship and love, however, are difficult to fully define and conceptualize. The fundamental meaning of each has changed throughout the course of human history a nd appears in different forms among different cultures. Modern interpretations of friendship and love will guide this explication, asRead MoreLove : The Nature Of Love1912 Words   |  8 PagesThe Nature of Love in Till We Have Faces The concept of love is a varying, odd and often fleeting thing. It is one of the single things in this world that almost every person might have a different definition for. People have even created different languages in which to give and receive love so we might understand and better love one another, to which everyone s is different. Over time the definition of love has changed - yes it may always have stayed the same in the dictionary, but the perceptionRead MoreLove Is A Feeling Of Love1206 Words   |  5 Pagesare born to love. Love can be defined in an infinite amount of words, terms and definitions. More important than the definition itself is the actual act of love. Love is profound and we as humans encounter love at every, albeit different stages of our lives. For most individuals, we experience love as early on as birth, our first memories of love are generally between three and five years of age, whether that memory is being tucked in by a parent or relative, or a kiss g oodnight. Love is a feelingRead MoreLove Is The Type Of Love990 Words   |  4 PagesLove, a combination of strong emotions, concerns, and desires one feels for another human being. It could be shown by ones behavior and sexual attraction towards the person whom they love. There are many facets of love that was described within the text such as passionate, unrequited, companionate, consummate love and many others. The love type of relationship that I would be focusing on is an intimate partner kind of love. According to Sternberg, the ideal kind of love which consist of intimacyRead MoreLove1186 Words   |  5 Pagesis the theme of love. Philia, Eros, and Agape are the three types of love present in the play and are what represent the theme of love. These three types of love, Philia, Eros, and Agape are expressed by the different characters in the play. The expression of the theme of love in the play is not just there by accident; William Shakespeare put it in this comedic and romantic play with a purpose. Philia is one of the three kinds of love expressed in the play. The type of love that Philia represents

Ac555 Week 7 You Decide Free Essays

Week 7 You Decide Course Project Keller Graduate School of Management Question 1 The Securities and Exchange Commission (SEC) would only have influence over Smackey Dog Foods, Inc. if they are a publicly listed company or if they register to become a publicly traded company. The SEC assists investors by providing reliable information to investors so they can make informed investment decisions. We will write a custom essay sample on Ac555 Week 7 You Decide or any similar topic only for you Order Now If Smackey Dog Foods, Inc. ecomes a public company, they would need to provide financial statements along with an opinion about the financial statements by an independent public accountant along with the registration statement and subsequent financial reports (Arens, Elder, and Beasley, 2010). Question 2 There are four things involved in the initial planning of an audit. According to Arens, Elder, and Beasley, 2010, they are: 1. â€Å"The auditor decided whether to accept a new client or continue serving an existing one, 2. The auditor identifies why the client wants or needs an audit, 3. To avoid misunderstandings, the auditor obtains an understanding with the client about the terms of the engagement, and 4. The auditor develops an overall strategy for the audit, including engagement staffing and any required audit specialists. † In relation to Smackey, Keller CPA’s need to make the decision as to whether or not they want to take Smackey on as a new client. Once that decision has been made, Keller needs to understand why Smackey wants or needs the audit. Smackey needs the audit in order for the bank to grant a new loan for expansion. Keller will now need to meet with Smackey’s managers to discuss and document what services they are going to be providing. Once that is determined, Keller will need to plan the audit strategy and determine if they are going to need to hire additional staff or any specialty staffing. Since they have no experience auditing a dog food company, Keller may need to bring in an auditor who has experience in this type of manufacturer. Question 3 According to Ayers, et al, 2010 the four phases of the audit are â€Å"plan and design an audit approach, perform tests of controls and substantive tests of transactions, perform analytical procedures and tests of details of balances, and complete the audit and issue an audit report. † In the plan and design stage of the audit, the auditor needs to understand the business and its environment, understand internal controls and asses control risks and risk of material misstatement (Ayers, et al, 2010). The second stage of the audit is where the test of controls and substantive tests of transactions are completed. In the third stage, analytical procedures and tests of details of balances are accomplished. In the fourth and final stage, the audit has been completed and the auditor comes to an overall conclusion and issues the audit report (Ayers, et al, 2010). In the first phase of the audit, Keller is going to have to gain an understanding of Smackey. They can do this by researching dog food manufacturing businesses and the industry as a whole. If necessary, they can hire an auditor who has experience in the industry to assist with the audit. One of the internal controls Keller needs to look at is the adequate separation of duties. In the warehouse, one person monitors production and shipment of their regular line of dog foods and is also responsible for preparing and approving all inventory records. Another control that needs to be examined is independent checks on performance. Since the sales manager is afraid to fly and can’t really drive, there is nobody checking on the performance of the sales people. With no monitoring of the sales people and their commission being paid in advance based on projections, close monitoring of sales should be accomplished. In performing a test of controls, the physical control over assets and records will need to be done. How the waste and returned dog food is being handled should be reviewed. Seeing the employees taking bags of dog food that have been thrown away is a red flag for fraud by the employees. Examining documents related to the inventory will need to be done as all inventory records are prepared and approved by one person with little inventory left in the warehouse but a lot of returns left on the shipping dock. This can lead to an understatement of inventory, understatement of sales returns, and overstatement of accounts receivable which is the proposed collateral for the new loan. Analytical procedures should be applied to the determination of commission that is being paid to Smackey salespeople. The commissions on the average are off by 11 percent showing that they may not be reasonable. The auditors also need to perform the analytical procedures for inventory to determine if the inventory is being misstated. This would be a concern due to the amount of waste and returns. The test of details of balances will need to be done on the accounts receivables to determine if they are properly stated. Question 4 Keller needs to discuss the weaknesses in Smackey’s internal controls with Sarah as the president and manager of operations. The internal control issues that need to be pointed out are the lack of separation of duties in the inventory production and records, the improper classification of accounts receivables, and improper checks on performance of the sales personnel. As soon as Keller became aware of the significant deficiencies in the internal controls of Smackey, they are required to notify in writing to the governing bodies of Smackey. A management letter should also be written giving suggestions for ways to make improvements in the internal controls (Arens, et al, 2010). Question 5 There are several types of confirmation Keller can use to verify Smackey’s accounts receivables. They are positive confirmation which is some type of communication sent to the account holder requesting they directly confirm whether the balance on the request is correct or incorrect (Arens, et al, 2010). There are two types of positive confirmation, a blank confirmation form where the recipient is asked to fill in the balance of the account or an invoice confirmation which is where an individual invoice is confirmed instead of the entire account. There is also a negative confirmation where the recipient is only requested to respond if the balance is incorrect (Arens, et al, 2010). Due to the fact that Smackey’s accounts receivable is a large part of the assets and they aren’t writing off any bad debt, Keller should use the blank confirmation form to determine if the balances of the accounts are correct. Question 6 The major factors that affect the sample size for confirming accounts receivable are the weakness in internal controls within the sales department, and the improper statement of accounts receivable. With no control over the sales department, there is a higher risk of fraud by collusion between the salespeople and the companies that owe money to Smackey. With almost 20 percent of the receivables classified as 90 days or older, there is a higher risk of accounts receivable being overstated by uncollectable accounts leading to a possible material misstatement in the financial statements. Question 7 The concern about the possibility of legal encumbrances on verifying the ending balance in property, plant, and equipment comes from the lawsuit filed by the employee who was fired for not owning a dog. In order to determine the likelihood of the employee winning the suit, Keller will need to send a confirmation request to the lawyer handling the lawsuit for Smackey. The request will need to ask what is the probability of the ex employee winning the lawsuit. If there is a high probability, then the confirmation needs to include the possible amount of the award against Smackey. Question 8 With controls over inventory being deficient, Keller will be present at the year-end inventory. The auditors will physically observe the counting of the inventory that is in the warehouse and on the shipping dock. The auditor will also observe to ensure the waste isn’t included in the physical inventory count. If the sales returns aren’t able to be resold, then the auditor needs to ensure they aren’t counted in the inventory. The observation is necessary to ensure the inventory isn’t overstated with what has been wasted or understated by not counting the sales returns that can be resold. Question 9 Inventory control weaknesses that exist in the inventory and warehousing cycle include controls over the physical count of inventory and pricing and compilation controls. Smackey should have documents that show the reporting f the inventory that is waste and the sales returns. There should also be a review of the inventory documentation but with Kim being busy with the Best Boy Gourmet line, she hasn’t been focusing on the regular product line. There should be documentation to show the sales returns being returned to inventory and there should be confirmation of th e inventory documentation by Kim. Henry shouldn’t prepare and approve the documentation one of those functions should be done by someone else. Question 10 Pete is breaking Rule 301 Confidential Client Information by discussing some of the details of the audit with Alan over beer. Rule 301 states, â€Å"A member in public practice shall not disclose any confidential client information without the specific consent of the client (Arens, et al, 2010). † Smackey didn’t give Pete consent to discuss the audit with his friend who also happens to be working for the bank Smackey is trying to get the loan from. Because Pete isn’t aware of Alan’s relationship with the bank, he isn’t violating Rule 101 – Independence. If none of the auditors obtain adequate understanding of the industry or business, they will be in violation of Rule 201 – General Standards, A. Professional Competence. Question 11 If Keller makes an intentional mistake, they can be held liable to Smackey or to the bank. If the intentional mistake results in Smackey not receiving the loan, they could sue Keller for negligence. The type of mistake would determine the degree of negligence. In an unintentional mistake, Keller could still be liable but could possibly defend themselves based on nonnegligent performance. Legal liability concerns regarding the Professional Rule violations are if the auditor doesn’t maintain independence, follow the requirements for technical standards, and doesn’t maintain confidentiality. How to cite Ac555 Week 7 You Decide, Papers

Implements Sustainability Policies and Practices †MyAssignmenthelp

Question: Discuss about the Implements Sustainability Policies and Practices. Answer: Introduction In todays business world, Corporate Social Responsibility (CSR) is considered as a major pillar for the success of the businesses. CSR refers to a particular business approach that has major coronation of towards sustainable development of the companies by delivering social, economic and environmental benefits to the stakeholders (Schwartz 2017). In recent years, it has been seen that the Commonwealth Bank of Australia (CAB) has been involved in the violation of different CSR principles with their business activities. This report takes an honest attempt to analyse and evaluate various aspects of CSR activities of CBA. CAB is regarded as one of the major banks of Australia providing different types of financial services to the Australians. It needs to be mentioned that CAB follows some practices and financial strategies to make financial decision making that have some connection with various CSR activities of the bank. For the identification of the relation of practices and financial decagons with the CSR activities, it is required to shed on them (commbank.com.au 2018). Three main categories can be seen in the practices of CAB; they are Governance practices, Social Practices and Environmental Practices. The policy of governance of CAB ensures professionalism, honesty, commonsense and fairness in the banking practices. The main objective of CAB is to implement the highest practice of corporate governance. Moreover, CAB always ensures the correct payment of their taxes (commbank.com.au 2018). In addition, CAB has various practices to fight with bribery, corruption, money laundering, fraud and others. The social practice of CAB ensures human rights, financial inclusion, diversity, responsible procurement and others. Apart from these, CAB has also developed strategies to fight with different environment factors like environmental management, climate change, responsible investing and others (commbank.com.au 2018). As a part of the financial strategies, the main aim of CAB is to provide the Australians with the required financial services like banking, fund management, insurance and others. Over the years, there has not been any change in the financial strategies of the bank (commbank.com.au 2018). The board of CAB has taken the decision of reviewing the remuneration strategy, framework and governance in order to provide transparency and accountability. Apart from this, CAB also taken the decision of strengthening the business of CommInsure and other business segments. These are the major financial decisions of CAB (commbank.com.au 2018). In the areas of CSR, the main approach of CAB is to launch various CSR programs and initiatives in order to assist the customers, support the communities and to ensure minimum impact on the environment. In order to increase the value of contribution towards the society and environment, CAB does the review of the emerging social and environmental issues for the development of effective CSR strategies. As a part of the CSR strategies, CAB has implemented different CSR strategies like carbon reporting, climate disclosure, respecting human rights and many others (commbank.com.au 2018). The above discussion indicates towards the presence of a positive connection between the practice and CSR principles of CAB. It can be said that the CSR principles of CAB is a large part of the practices of the bank. In the part of social and environmental practices, CAB has implemented different strategies by complying with the principles of CSR. However, the above discussion also indicates towards the absence of any connection between the CSR practices and financial decisions of CAB. It can be observed that CAB has taken the financial decisions by not considering any principles of CAB as the focus is to increase the business of the bank. Importance of Sustainability and Social Responsible Outcome for CBA In Australia, CBA is well regarded for their sustainability strategies and social activities. From the analysis of the sustainability report of CBA, it can be observed that sustainability, social responsibility is the daily focus area of CBA, and the development of various sustainability approaches can be seen for over the years (canstar.com.au 2018). Moreover, CBA considers their social responsibilities as one of the major parts of their business. As CBA is a major financial institute, it plays an integral part in the social development of various aspects like job creation, growth of the people of Australia, innovation and others. Thus, for CBA, the different sustainability and social responsibility related decisions they make have direct impact on the core business of them (canstar.com.au 2018). As a part of the diversity and inclusion strategy, CBA has achieved 35 percent women in the role of senior management; and the target is to reach 40 percent by 2020. Moreover, CBA has developed a framework for the integration of Environmental, Social and Governance (ESG) towards contributing more towards the sustainability and social responsibilities. It can be observed that CBA uses to provide industry-leading disclosures for carbon emission arising from the business-lending portfolio of CBA (commbank.com.au 2018). It needs to be mentioned that the company has been developing strategies for the continuous improvements of various areas like waste management, carbon emission, energy, water and others. Apart from this, CBA puts major emphasis on the engagement of their staffs and employees with these sustainability strategies and goals so that they can be effectively achieved. Thus, from the above discussion it can be seen that sustainability and social responsibilities have great prio rity to CBA as the outcome of them determines the success of the organization to a large extent. Identification of Ethical Principle Breached by CBA In the recent years, CBA has been facing major ethical issues due to their different unethical business actions. The major allegation on CBA is related with the case of money laundering. According to the statement of money-laundering watch AUSTRAC, there is a vats effect of the crime of money laundering of CBA on the common people of Australia as they have been exposed to major financial risks (abc.net.au, 2018). Apart from this, there has been many instances of unethical actions from the side of CBA like the misuse of medical reports of CommInsure, deleting the important files and many others. It needs to be mentioned that all these actions of CBA have breached some major ethical principles (wsj.com 2018). By manipulating the medical reports, files and others, CBA has violated the principles of honesty and integrity. It is required for the management of CBA to be honest and they should maintain the aspect of integrity. Apart from this, with the actions of money laundering, CBA has a lso violated the principle of loyalty and trustworthiness. People keep money in the banks in the presence of loyalty and trustworthiness (Crane and Matten 2016). The money laundering activities of CBA breached these two ethical principles. Most importantly, it can be observed that CBA has failed to continue their business operations in the fair manner and thus they have breached the principle of fairness. When analysing all these issues, the involvement of the senior management of CBA has been found (Weiss 2014). From this particular aspect, it can be found said that the management team of CBA has violated the ethical principle related with the leadership. Thus, based on the above discussion, it can be seen that CBA has breached some major ethical principles. Discussion of Ethical Violation with Ethical Theories It needs to be mentioned that there are different types of ethical theories that can be related with violation of the ethical principles of CBA. In this context, the ethical theory of egoism needs to be mention. The theory of egoism refers to act in someones own interest. In case of CBA, the involvement of the senior management of the bank can be seen in various unethical cases. Thus, the egoism theory indicates that the management of CBA has their own interest behind all these manipulations (Broad 2014). Apart from this, in this situation, the theory of utilitarianism can be mentioned. This particular theory states that being ethical is to do greatest good things for a great number or people. In case of CBA, it can be seen that the management of the bank has failed to do good things for the people of Australia due to the effect of different non-ethical activities like money laundering, manipulation in the medical reports and many others (Mill 2016). Apart from this two, there are ma ny other ethical theories that can be presented in the unethical case of CBA like virtue ethics theory, contract theory and others. Conclusion The above discussion analyses various aspects of CSR activities of CBA. From the above discussion, it can be seen that there is a positive relation between the practices and CSR activities of CBA where the lack of connection can be seen between CSR activities and financial decisions. The above discussion also states the CSR outcomes matter for CBA, as they are major success factor of the company. From the above discussion, it can be seen that CBA has violated some major ethical principles like honesty, integrity, trustworthiness and others. Some major ethical theories in this context are egoism theory, utilitarianism theory and others. References ABC News. (2017).Will CBA senior management at last be held to account?. [online] Available at: https://www.abc.net.au/news/2017-08-03/commonwealth-bank-latest-scandal-might-be-the-one-that-hurts/8772390 [Accessed 30 Mar. 2018]. Broad, C.D., 2014.Five types of ethical theory(Vol. 2). Routledge. Canstar.com.au. (2018).Commonwealth Bank Focus on Sustainable Business Practices. [online] Available at: https://www.canstar.com.au/home-loans/buying-next-home/commonwealth-bank-sustainable-business-practices-a-constant-focus [Accessed 30 Mar. 2018]. Commbank.com.au. (2018).Annual Report 2017. [online] Available at: https://www.commbank.com.au/content/dam/commbank/about-us/shareholders/pdfs/2017-asx/Annual_Report_2017_14_Aug_2017.pdf [Accessed 30 Mar. 2018]. Commbank.com.au. (2018).Commonwealth Bank implements sustainability policies and practices. [online] Available at: https://www.commbank.com.au/about-us/news/media-releases/2015/commonwealth-bank-implements-sustainability-policies-and-practices.html [Accessed 30 Mar. 2018]. Commbank.com.au. (2018).Corporate Responsibility Report 2017. [online] Available at: https://www.commbank.com.au/content/dam/commbank/about-us/shareholders/pdfs/corporate-responsibility/2017/2017-corporate-responsibility-report.pdf [Accessed 30 Mar. 2018]. Commbank.com.au. (2018).Policies and practices. [online] Available at: https://www.commbank.com.au/about-us/opportunity-initiatives/policies-and-practices.html [Accessed 30 Mar. 2018]. Crane, A. and Matten, D., 2016.Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Mill, J.S., 2016. Utilitarianism. InSeven Masterpieces of Philosophy(pp. 337-383). Routledge. Schwartz, M.S., 2017.Corporate social responsibility. Routledge. Stewart, R. (2018).Commonwealth Bank Faces Ethics Check. [online] WSJ. Available at: https://www.wsj.com/articles/commonwealth-bank-faces-ethics-check-1503945230 [Accessed 30 Mar. 2018]. Weiss, J.W., 2014.Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.