Saturday, January 25, 2020

UK Housing Services | Case Study

UK Housing Services | Case Study Housing and Health The Housing Act 2004 introduced licensing for housing in multiple occupation, as in this example. The Act sets out the standards of management which must be met in order for licensing to be achieved, and the Housing Health and Safety Rating System (HHSRS) is a new tool which is used to assess the potential hazards present in any property. Licensing is mandatory for the type of occupation in question since it is occupied by more than five people forming more than two households. In the current state of the property it is possible that the council could refuse the property a license, which would of course be detrimental to the services which it currently supplies in the area (Department for Communities and Local Government, 2007). It is therefore important that inter-agency working is utilized to identify all potential risk areas and address them in a way which minimizes the harm to the current residents. Inter-agency working The following agencies should be involved in the working group to deal with the issues in this property: Local council environmental health department This organization would be able to consult with the hostel management in order to identify and correct any potential health problems in the property to ensure that they meet current standards Local fire service department The local fire service should be able to advise the management how they need to develop the property in order to meet current fire regulations Social Services The social services department of the local council should be able to work with the hostel management to solve any problems which would adversely affect the tenants. They should form part of the working group to ensure that the rights of the current tenants are preserved with regard to any changes agreed. The Housing Department These are an important member of the working group, since they make referrals to the service, and would also be able to advise on the various issues relating to building regulations and Housing Act which need to be addressed. Council, local or district Since the hostel is not a privately owned residence, but is funded partially through the council, they would be an important member of a working group since they would be able to advise as to funds available to meet the required changes. Factors to be addressed Although there were a large number of issues addressed with the property the five which are considered most important are addressed below. Lack of adequate fire safety This is currently the most pressing problem, since there are large numbers of lives at risk in the event of fire, and current safety measures are considered to be completely inadequate. There is currently a lack of escape apparent in the case of fire, which means that the outer doors are currently the only means of escape in the event of fire. The downstairs door next to the kitchen is currently obstructed, which is in contravention of The Management of Houses in Multiple Occupation (England) Regulations 2006, which states that all means of escape from fire must be kept clear of obstruction. The rear exit door was found to be locked for security reasons; while the security of the property is important this is also in contravention of the given regulations. Disrepair of ventilation in kitchen While the report states the kitchen was found to be generally satisfactory, there are safety issues which are of importance. These are particularly important since they again affect the safety of a large number of people, and possibly ranks equally important to the issues with fire safety. It has been identified that the kitchen in the property uses a gas cooker. There is no statement made as to whether this complies with current gas testing regulations. The disrepair of the windows in the kitchen, and the nailing shut of some windows mean that there is no natural ventilation available. This means that in the event of any type of leak the gas would be unable to dissipate and would cause great risk of gas poisoning and possibly explosion. There are also issues relating to the crumbling of the chimney breast, since the manager is also required to ensure that any flues (the chimney) are kept in good repair; this is particularly important if any gas fire is installed. Presence of dampness The HHSRS would consider the various types of damp in the property to be causing unsuitable living conditions. The presence of damp contributes to several disorders and illnesses, particularly in children, and has an effect on psychological well-being caused by the effect of living in damp conditions. This has been ranked of slightly less importance than the fire and gas issues as there is no immediate risk to the life of the people living in the property. Space issues There are currently major issues with space in the property; the Housing Act 2004 states that no habitable room should be occupied by more than two people, regardless of size, discounting those under 1 year old. It also states that two individuals aged ten or over of opposite sexes should not be sharing the same room under any circumstances, unless they are co-habitees. There is high risk of psychological harm in the current situation and some potential for physical harm; however the likelihood and extent of this harm ranks below the other issues above. Provision of amenities Since there are 24 people currently living at the property, there should be at least five bathrooms and five WCs. The previous issue highlighted that there were already too many people living in the building, however even if the numbers are reduced the Housing Act 2004 still requires that there be at least one bathroom and one WC for every five people residing in the property. While this is an important issue it ranks lower than the other issues as there is a lower risk to the well being of the occupants caused by the issue. Action Plan Lack of adequate fire safety All furniture and fittings should be assessed as to meet the requirements of the Furniture and Furnishings (Fire) (Safety) Regulations 1988. Any that do not meet the requirements need to be assessed as to whether they are necessary, and replaced if this is the case; otherwise they just need to be removed from the property. The local fire department should be able to advise as to the requirements which the furniture and fittings must meet. Although this does not directly correlate to the issue of the fire escape, it is still an important factor in reducing the risk from fire. The fire department should also be consulted as to the best means of installing a fire escape route in the property. This consultation should occur in consultation with the councils and other funding bodies in order to reach an affordable compromise for the property. This is one of the most important action points and should take precedence in proceedings. Disrepair of ventilation in the kitchen The Gas Safety (Installation and Use) Regulations 1998 state that all gas equipment must be maintained in good order and inspected annually by a CORGI registered engineer. The current status of the equipment needs to be checked and a schedule drawn up for planned inspections of the current equipment. With regard to the windows there are two main options available to the hostel. The first is to simply repair the windows which are in place. This would involve extensive refitting of the wood to ensure that they are fully functioning. If security is considered an option, metal fittings could be installed on the outside of the windows. This would likely be the cheaper option initially, however the option of double glazing installation should also be considered. This would ensure that the windows would last longer than wooden framed windows, especially if there are problems with damp. It would also help with safety issues, and would make the property more energy efficient; there may also b e grants available in the area which could aid in the costs. This would likely be the best option to choose when considering the long term costs and benefits. Once the issues of damp are resolved in the property, an inspection should be organized by a building professional to advise on the best course of action with regard to the chimney breast. Presence of damp The local Environmental Health department should be invited to study the property to ascertain the extent of the problem and the best course of action. There is likely to be little choice as to a course of action since the damp appears to have reached a point at which major action is needed to correct the problem. If there are options presented which revolve around controlling the problem without extensive building work, these may be acceptable since there are other causative factors which are already being addressed. One such causative factor is the current problem with ventilation, which has been addressed above. Once this ventilation is in place it will likely help to prevent further formation of damp. There may be options presented which would need large scale building work. This may not be in the interests of the hostel both in terms of money and disruption to the people living in the house, who have nowhere else to go while the building work takes place. Space Issues There are a number of solutions to this problem. The first is to simply take fewer families, although in the current state of the accommodation this may mean that if the families taken had several children, it may only be able to accommodate one family at a time. There may be an option for the hostel to create an extension, creating extra rooms and amenities. This may be extremely costly, however it is an option if there are deemed to be funds available from the current funders. The best available option in the short term would be to look at converting the available spaces into rooms and bathrooms. There are spaces available such as the office and the cellar, and this may be less costly than building an extension. There is also a possibility that some of the present rooms may be able to be split into half, giving two smaller rooms. This will still leave limited space, and so social services will need to work with the hostel to move the present families into independent accommodation as quickly as possible. An extension could be considered as a long term plan for the future, after projects to raise the required funding. It is not an offence for more people to be living in the property than it is suitable for, as long as the management can prove that they are in the process of resolving the issue. This means that the current occupants could continue to live in the property, but that the numbers of new occupants would need to be limited as they leave, until the suitable number is reached. Social services should work in conjunction with the hostel in order to assure that the situation is resolved as quickly as possible, in the interests of all parties. Provision of amenities This issue could be resolved along with the space issue as described above, through either conversion of existing space or purpose built extension. References Department for Communities and Local Government (2007) Licensing of Houses in Multiple Occupation in England. Available [online] at http:// http://193.36.20.125/EnvironmentalServices/housingconditions/hmo_licensing_intro.asp. [Accessed 17th May 2007]. The Furniture and Furnishings (Fire) (Safety) Regulations 1988 (United Kingdom). The Housing Act 2004 (England). The Management of Houses in Multiple Occupation (England) Regulations 2006, No. 372 (England).

Friday, January 17, 2020

Emi Group Plc In The Music Publishing And Recording Industry Essay

Music and recording industry present interesting development due to the introduction of new artists and the development of new music genre, to name a few. In addition, the industry also experiences significant challenge due to the advancement in digital technology that drives the industry to find appropriate ways in winning the competition. The challenge occurs since there is a difference circumstances in the competition of media industry where previously the existence of new media does not eliminate the old media. The existence of commercial radio, for example, does not kill the print media like magazines and newspaper. Similarly, the existence of television broadcasting also does not eliminate the existence of radio and newspaper. In many cases, the television broadcaster also owns radio and newspapers companies to complement their media business. However, the situation may be completely different in the digital age where the existence of internet and the development of digital technology like file compression (MP3, mpeg, and file-sharing technologies etc) could completely kill the old model of music distribution such as compact disc. The so-called MP3, often refers to MPEG-1 Audio Layer 3, is an audio encoding format that reduce the file size from tens of megabyte (when using WAV or compact disc format) into less than 5 Megabyte (MB) in MP3 format for one same song. Audio Galaxy and Napster are two companies that employ file-sharing technology that enables their members/customers to exchange their music or video with others members/customers (Karp, 2007). Immediately, the invention of new audio encoding format increases the sales of portable digital music players like iPod. Coupled with the increased international internet bandwidth, the exchange of MP3 files rises significantly. A number of websites that enable users or music lovers to download the desired songs in MP3 format also rises. Despite the attractiveness of MP3 technology for audio, MP4, and MPEG for video, the technologies causes severe violation of copyright as downloading music and video without paying royalties to the owners/singers of the music is considered as piracy in digital world/domains. Concerning the challenges in the music and recording industry, this paper will discuss about Emi Group plc, a giant in music and recording industry. In particular, there are several issues including the identification of strategic choices that EMI performs, EMI and its critical success factors in competing in the industry within the last five years, and the use of appropriate management concepts in evaluating the suitability of EMI’s current strategies to deal with future competition. 2. Aim and Objectives The objectives of this paper are to analyze current and future positions of EMI Group plc in the music publishing and recording industry. Systematically, we can derive the objectives into four points. First is to analyze the strategy of EMI Groups plc that positions the company in the music and recording industry. Second is to use the appropriate research methodology, this paper is to assess EMI Group plc and its critical success factor in the last five years. Third is to use the relationship of research approach, deductive, quantitative to explore key resources and capabilities of EMI in the next five years and assess whether they can create sustainable competitive advantage. And fourth is to use the non-participant observation method, collecting data and analyzing qualitative information from journal, books, magazine and online materials, this paper is to adopt the management concepts to evaluate the appropriateness of EMI’s current strategies for the future. 3. Porter’s Five Forces This section will discuss Porter’s five forces on EMI Group the recording industry which details the threat of new entrants, power of buyers, power of suppliers, rivalry among existing competitors, and the threat of substitute products for market place organizer or transaction service provider industry satisfy following diagram: Figure 1 Diagram of Porter’s Five Forces Source: Porter, 1998 3. 1 Rivalry In music publishing and recording industry, competitive advantage plays a significant role in winning a competition. This is because it represents not only the greater benefits in terms of products but also in other Ps of marketing mix (place, promotion, and price). The possession of specific competitive advantages increasingly important since nowadays, customers use emotional side than rational side when decide which products or services they want to use (Manjoo, 2003). The rivalry in recording industry is quite intense since EMI Group does not only compete with similar company like Universal Music Group, Sony BMG, and Warner Music Group but also illegal distribution both in traditional and web-based distributors through several kinds of file-sharing program like Napster. Napster becomes the catalysts of online music service (Rupley, 2003). In order to prevent the distribution of illegal copy of music, Hodges Shaw and Brian B Shaw (2003) says that government has persuaded users regarding importance of not using file sharing for copyrighted materials over the Internet by considering it as illegal actions. 3. 2 Barriers to Entry One of common barriers to enter a new market is brand loyalty or in terms of multinational business, the main barrier could be the nationalism. In music industry, one significant challenge that continues gains popularity is iTunes, a legal web-based music distribution from Apple Company. In music industry, especially regarding the competition between EMI Music and p2p companies and iTunes, the brand loyalty is obvious since the fever for iPod products has driven the use of iTunes to download legal music (Manjoo, 2003). The entry to some markets like educations gets fiercer as Jason E. Lane and Margaret A Healy (2005) revealed in their article File Sharing, Napster, and Institutional Responses: Educative, Developmental, or Responsive Policy that file sharing (including music, video, and file sharing) has been parts of students activities. They usually use the internet to share their favorite music and movies illegally. In addition, Scott (2001) and Dong et. al (2002) reveals that file sharing remains a popular services due to their offering free downloading music and video. 3. 3 Products Substitution Impact of product substitution is possibly the most overlooked factor although its impact is damaging. Therefore, it is imperative that business must not only look at what the company’s direct competitors are doing, but what other types of products people could buy instead. The products substitution for EMI Group is the introduction of various digital formats like MP3 and MP4 that easily downloadable that enables customers to convert the CD format to MP3 and distribute it by e-mail. This is because EMI Group mostly still relies on the distribution of music in CD format that they believe is still better than others do. Figure 2 Music Format Source: RIAA, 2006 3. 4 Buyer Power In music distribution and recording industry, there are some factors that influence buyer power including size of buyer (larger buyers will have more power over suppliers), number of buyers (when there are a small number of buyers, they will tend to have more power over suppliers), and purchase quantity. 3. 5 Supplier Power Concerning the supplier power in recording industry, we find that digital format developer that invent MP3 and p2p technology continue gain popularity that further drive the customers to increasingly avoid the use of products distributed by recording companies (Manjoo, 2003). 4. EMI Groups plc Strategic Position in Music Publishing and Recording Industry Realizing the fierce competition that occurs in the music and recording industry, EMI Group develops several strategies such as the selection of new talents that will hit the market and develop sustainable distribution strategy to speed up the existence in new market. Among the distributions system, EMI Group appropriately conduct joint venture with foreign companies in order to smooth their distribution. One of them is with EMI Televisa joint venture that helps EMI Group to distribute Celestial and other English language album (EMI Group, 2006). The decision to conduct joint venture is a good strategy to be implemented for EMI Group since it is a model in business that composes of two or more enterprises that join hand-in-hand to increase their competitive advantages. In this scheme, joint venture is somewhat similar to partnership but joint venture is derived from one business transaction. Joint venture is preferred because it can help companies to divide potencies, reduce threats, and raise competitive advantages in the market. Joint ventures can be formed as separate business units or cooperation between businesses (â€Å"Corporate Venture Strategies†, 2001). Developing a joint venture properly can obtain many benefits and advantages, such as dividing expenses and risks, enhancing right of entry to monetary resources, admission to innovative knowledge and consumers, and admission to new decision-making performs. Moreover, companies are able to have some bearing on structural development of the business. Conduction of knowledge and skills are also accomplished easily (â€Å"Corporate Venture Strategies†, 2001). 5. EMI Strategic Choice EMI Group plc is a well-known company in music and recording industry. The company is currently perceived as the fourth largest recording company in the world behind Universal Music Group, Sony BMG, and Warner Music Group. The company main business is the distribution of compact discs, videos, and other formats under the auspices of their subsidiaries and partners including EMI Records, Capitol, and Virgin (Yahoo Inc, 2008). The label company is behind the success of many famous artists such as Norah Jones, Lenny Kravitz, and The Beastie Boys. Currently, the company also handles more than one million songs. The strategic position of the company has attracted many larger companies such as Warner Music Group (WMG) to takeover EMI Group plc. Although many acquisition attempts, the company finally bought by Terra Firma, a private equity firm, for $4. 9 billion in 2007 (Yahoo Inc, 2008). 6. EMI and Its Critical Success Factor The winning strategy of EMI Group exists since the company is suitably conducting several strategies that benefit the company in the long term. One of popular strategy is the decision to outsource their CD manufacturing in Australia. This decision occurred in 2004 where EMI Music and Warner Music conduct agreement with Summit Technology Australia Pty Ltd to own CD Manufacturing business together (EMI Group, 2006). This strategy provides great benefits for EMI Group since the company significantly obtains costs reduction and helps the company to insulate the business from the effects of changing volumes. Figure 3 Reasons of Outsourcing Source: Outsourcing World Summit This is in line with the general benefits of outsourcing where costs reduction becomes the main issues that companies perceive. When discussing the outsourcing business model, the images refer to advantages that organizations obtain, especially refers to costs reduction. However, the benefits of outsourcing do not merely the cost reduction. Figure 3 shows six main reasons of carrying out outsourcing in an organization like EMI Group according to Outsourcing World Summit. Similarly, to costs reduction, outsourcing also provides benefits of helping the company to focus on core competencies. In theory, outsourcing is only used for delegation of non-core activities concerning the mission statement of the company. Nevertheless, many corporations outsource some of their core functions to gain more value in competitive advantage. Furthermore, many if an organization is able to develop a good relationship with its outsourcing partner, the long-term effect would be a sustainable competitive advantage. Another critical success factor is the decision of EMI Group to take benefits of digital technology. Previously, the company relies on tradition supply chain as shown in the Figure 4 below. In traditional supply chain (figure 4), we witness that recording companies make huge revenue and thus the profits from the two elements (in blue boxes). However, this model soon changes considering technology advancement in music like MP3 that immediately spawned illegal peer-to-peer music download over the Internet. Concerning the issue, coupled with wide coverage of high-speed Internet access, recording labels realize that they should change their supply chain to adopt the advancement in information technology as described in the following section. However due to the benefit that digital distribution provides, the company also offers the digital option for the supply chain (Figure 5). By developing the digital distribution, the company starts receiving significant growth on digital revenues. In 2006, digital revenue contributed about 8. 5% of total Group revenues. In addition, digital revenues also experienced significant growth by 78. 2% in 2006, providing more opportunity to receive more revenue from this technology (EMI Group, 2006). In this web-based supply chain model, we witness that recording labels are massively legalize licensing strategy that significantly fire up a legal digital music subscription (in contrast to Napster that was illegal). 7. Key resources and capabilities of EMI in the last Five Years and Suitability, Feasibility, and Acceptability Concepts There are several key advantages and resources the company possessed within the past five years. First is EMI Music keep finding new talents that bear success in UK and North America, in particular, and in the world, in general including Letoya, 30 Seconds to Mars. This strategy represents the feasibility of strategy taken by EMI Group since competitions between recording industries is mainly regarding the artists that the company manages their music creation. Second is the success of current managed artists including popular artist such as All Saints, Keith Urban, Norah Jones, Robbie Williams, and Depeche Mode. This artist management represents the suitability to manage the popular artists and release the unpopular one. Meanwhile, EMI Music Publishing successfully finds songwriting talent that result in the attractive performance revenues that represents the acceptability (EMI Group, 2006) 8. Conclusion In the basic marketing management study, four factors characterize the successful marketing; they are product, place, promotion, and price. In the recording industry while product represented by the artists, distribution or place factor also provides significant contribution to the company. This is in line with O’Brien and Springman (2004) suggestion that say companies should balance supply and demand since focusing entirely on the supply side may result in unnecessary capital expenditures, inventory investments or suboptimal solutions. Concerning the challenges in the music and recording industry, this paper has discussed about Emi Group plc, a giant in music and recording industry. In particular, there are several issues including the identification of strategic choices that EMI performs, EMI and its critical success factors in competing in the industry within the last five years, and the use of appropriate management concepts in evaluating the suitability of EMI’s current strategies to deal with future competition. Reference: Carlson, Scott. (2001). Napter Was Just the Start of the Bandwidth Invasion. Chronicle of Higher Education, v47 Corporate Venture Strategies’, [Online] Available at: http://www. 1000ventures. com/business_guide/venture%20strategies. html Daugherty, Tyson. 2002, ‘Creating a Digital Music Marketplace’, [Online] Available at: elab. insead. edu/publications/mbareports/ Creating%20a%20digital%20music%20marketplace. pdf Elizabeth Scott, M. S. 2008, ‘Music and Your Body: How Music Affects Us and Why Music Therapy Promotes Health’, [Online] Available at: http://stress. about. com/od/tensiontamers/a/music_therapy. htm EMI Group Limited. 2005, ‘EMI Group Overview’, [Online] Available at: http://www. emigroup. com/About/Overview/Default. htm EMI Group. 2004, ‘EMI continues manufacturing outsourcing strategy with agreement to sell Australian CD plant’, [Online] Available at: http://www. emigroup. com/Press/2004/press18. htm —. 2006, ‘EMI Group plc results for the six months ended 30 September 2006’, [Online] Available at: http://www. emigroup. com/Press/2006/press70. htm Forness, Megan J, ‘Copyright and Fair Use’, [Online] Available at: http://lrs. ed. uiuc. edu/students/forness/copyright. html Freeman, Jillian S. 2005, ‘The Pros and Cons of Sharing Music on the Internet’, [Online] Available at: http://www. angelfire. com/de3/jfreeman/termpaper. htm Harcourt, Robert H. and Robert W. Hutchinson. 2004, ‘Sup

Thursday, January 9, 2020

Accountant Responsibility - 1863 Words

Accountant Responsibility Introduction Accountants and auditors help to ensure that firms are run efficiently, public records kept accurately, and taxes paid properly and on time. Accountants analyze and communicate financial information for various entities such as companies, individual clients, and Federal, State, and local governments. The provide accurate information to clients by preparing, analyzing, and verifying financial documents, budget analysis, financial and investment planning, information technology consulting, and limited legal services. They analyze and communicate financial information for various entities such as companies, individual clients, and Federal, State, and local governments (Bureau of Labor Statistics).†¦show more content†¦Legal, Inc.). Third Party Actions/Claims In Marcus Bros. Textiles, Inc. v. Price Waterhouse, L.L.P., 350 N.C. 214 (N.C. 1999), â€Å"the Supreme Court of North Carolina held that in order for an auditor to be held liable to a third party, that party must demonstrate: (1) the accountant either (a) knew that the third party would rely on his or her information, or (b) knew that the client for whom the audit report was prepared intended to supply the information to a third party who would rely on that information; and (2) the third party justifiably relied upon the information in its decision concerning the transaction involved or one substantially similar to it. Moreover, auditors owe duty to anyone whom s/he should have reasonably foreseen would rely on the misrepresentations (U.S. Legal.org)†. Most accountants third-party liability is defined by case law. A few states have passed statutes organizing the common law. For example, Kansas adopted legislation that takes a different approach to an accountants liability. â€Å"For professional negligence to exist, the plaintiff must (a) have engaged the accountant to perform professional services; or (b) the accountant had knowledge of the thirdShow MoreRelatedEssay about Accountant Responsibility2423 Words   |  10 PagesPaper – Accountant Responsibility Introduction Accounting by definition is â€Å"The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business† (The American Heritage). An accountant’s responsibility is not something that is equally split or separated by category. It is not something that can be defined easily or without a lot of research and thought. An accountant responsibilityRead MoreRoles and Responsibilities of an Accountant1906 Words   |  8 PagesIntroduction The popular stereotype of a Certified Public Accountant (CPA) is not all that there is when describing this profession. The typical description of accountants are detached, calculating and impersonal. My interview with Bob Smith, a seasoned professional within the accounting field, proved that this depiction is not always right and there is much to learn about the finer details of this type of work. The purpose of this essay is to relate my gathered interview information to demonstrateRead MoreThe Role and Responsibilities of a Forensic Accountant1605 Words   |  6 Pagesactions and behaviors. The purpose of this essay is to describe the five most important skills a forensic accountant may possess in order to become successful. This essay will describe each one of these traits and describe its application to business operations. Next the essay will describe the role of the forensic accountant within a courtroom environment and then also discuss the legal responsibilities that these professionals have to obey in the course of their work. Finally this essay will highlightRead MoreThe Roles And Responsibilities Of A Professional Accountant2232 Words   |  9 Pages Financial Accounting ACC701 ETHICS GOVERNANCE IMPACT OF AASB 116 MALIK JAMSHAID ANJUM STUDENT ID: 11501213 TABLE OF CONTENTS: EXECUTIVE SUMMARY: This report discusses the roles and responsibilities of a professional accountant and what are the guidelines that accountancy profession has to follow. Ethics and governance as the name suggests is the behavior and rules regulation of the accountancy profession is the main part and the back bone of the knowledgeRead MoreCertified Public Accountant: Duties and Responsibilities1404 Words   |  6 Pagesï » ¿Certified Public Accountant Introduction What draws me into the field of accountancy? Why do I want to launch a career as a certified public accountant (CPA)? What is there about numbers, spreadsheets, profit and loss statements, audits, inventory and fiduciary responsibility that appeal me? In this paper I will describe in detail the reasons why I am attracted to this field. Also, what are the duties and responsibilities of a CPA? How available are job openings for a person with the educationRead MoreResponsibilities Of A Cfo Versus A Controller, Accountant Or Bookkeeper Essay1386 Words   |  6 PagesThis article compares and contrasts the responsibilities of a CFO versus a Controller, Accountant or Bookkeeper. Many business owners do not understand the differences between the roles and the value a CFO can bring to the business. Additionally, many business owners do not feel they can afford a CFO, however that is where a part time CFO who participates with the business owner and management is critical. A part time CFO ca n spend as little as a day or two month with the business and add value toRead MoreForensic Paper1628 Words   |  7 PagesRunning head: Forensic accountant 1 Forensic Accountant Dr. Gina Zaffino Bus 508, Contemporary Business 11/16/2012 Running head: Forensic Accountant 2 Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talkedRead MoreWhy Accountants Are Important For The Future Of Accountants And How Will Accountants Adapt Themselves With Changing Needs?963 Words   |  4 PagesIntroduction Accountants play a very pivotal role in the success of all businesses as they are deemed to be foundation of business interactions (Malley, 2015). Being professional accountants they have expertise which helps them provide quality service and advice on business matters. They increase value of business by implementing accounting systems and rules required by any particular business and area. Increased business profitability is another factor for which accountants are important driversRead MoreCost Accounting and Decision Making Essay822 Words   |  4 PagesPage 1 Recommendation Page.3 Executive summary Page.4 Introduction Page.5 Analysis Page.6 Recommendations and conclusion Page.7 Appendix 1 – Code of Ethics for Professional Accountants Page.8 References Page.9 Page 2 Recommendation Erin should notify Smart Worx of the postponement as it is consistent with ethical principles of integrity and professional competence. As Erin is complying with these codes of ethicsRead MoreEthical Issues Faced by the Accountancy Profession Essay1747 Words   |  7 Pagesthreats to these principles so judgement can be made to resolve ethical dilemmas. However an accountant frequently faces ethical issues due to their work and not always stays vigilant to the manipulating influences on their judgement. Abdolmohammadi, M., Fedorowicz, J. and Davis, O. (2009) findings indicate that despite the attention in recent years to the importance of ethics and social responsibility in the accounting curriculum and the profession, the ethical reasoning scores of those attracted

Wednesday, January 1, 2020

Business Law Case Study Essay - 1320 Words

Please answer the questions posed at the end of each case study in essay form. Each essay will be judged on your capacity to present strong, logical discussions that support your conclusions. Case study 1 Members of Students for Fair Tuition (SFT) decide to protest rising tuition costs at Gigantic State University (GSU) by taking over Dunfee Hall, the location of GSU president Dalton Chandler’s office. As they storm into the reception area of Chandler’s office suite, shouting â€Å"Down with fascist tuition increases,† Chandler’s faithful secretary, Prudence Pimply, picks up a phone to call the campus police. Steve Steel, radical leader of the SFT, slaps the phone knocking it from Prudence’s hand without ever touching her. He then†¦show more content†¦The tort of intentional infliction of emotional distress has four elements: 1. the defendant must act intentionally or recklessly; 2. the defendants conduct must be extreme and outrageous; and 3. the conduct must be the cause 4. of severe emotional distress. This is exactly what happened din this case. Steve Steel not only knocked the phone out of Prudence’s hand but also broke down the door and threatened Prudence with force and made her scared for her life. I do believe that negligence is a part of this case. A person who engages in activities that pose an unreasonable risk toward others and their property that actually results in harm, breaches their duty of reasonable care. Steve Steel did not show a proper care of duty with Prudence. I think that Steve Steel should also be responsible for all of the physical and mental damages since he did not show reasonable care. I think the tort liability in this case would be assault and battery. An assault involves three things that we see in this case. An assault occurs when an intentional, unlawful threat or offer to cause bodily injury to another by force; under circumstances which create in the other person a well-founded fear of imminent peril; where there exists the apparent present ability to carry out the act if not prevented. A battery is the willful or intentional touching of a person against that personâ€℠¢s will by another person, or by an object orShow MoreRelatedBusiness Law Case Study1437 Words   |  6 Pagesï » ¿Business Law Case Study Module 4 PLAINTIFFS STATEMENT: The Parties – Alex Johnson vs. Bethlehem Ice Solutions    Opening Argument    Those familiar with skiing know that there are risks involved when one chooses to participate in the sport.   Those risks, however, should be associated with self-inflicted harm caused by mistakes that a skier may make and not unforeseen obstacles and dangerous situations.   The injuries sustained by Alex Johnson on the slopes at Bethlehem Ice Solutions (BIS) were notRead MoreBusiness Law Case Study1954 Words   |  8 PagesCase Jonathan, a moneylender makes a loan of $1,000 to Sheba on Sheba’s representation that she is 19 years old. Sheba is in fact 17 years old. She enrolled for diploma course with a private college for $500, spent $200 on a holiday, and the balance of $300 on a mini hi-fi set. She now refuses to pay Jonathan. In this case, we are acting for Jonathan (plaintiff). Jonathan sues Sheba (defendant) because of free consent and capacity. Free consent that we talk is about misrepresentation whereas capacityRead MoreBusiness Law Case Study2352 Words   |  10 PagesLegal Issues in Management Final Case Study Christine Stout Southern Oregon University Business law – case study The case study of John and Stacey has so many complicated elements that apparently all the stakeholders involved apart from the two mentioned could sue or be sued against. This paper assumes that this is the scenario for this paper. The characters involved are John and Stacy, a restaurant owner, the owner of a townhouse, the owner of the mink on which John tripped and subsequentlyRead MoreBusiness Law Case Study2067 Words   |  9 PagesBusiness Law Case Study In the case presented, Biff Smith, the Chief of Police of the local department ordered a set of bicycles off of a local storeowner, Dirk Right. This was no simple order though, in fact Biff intended on starting a bike patrol unit within the local department. Biff went to Dirks Bicycle shop to place an order. The order was for five mountain bikes to be used for patrol so they had to be custom made in order to sport the police decals. Biff was very familiar with the SchwinnRead MoreBusiness Law Case Study1411 Words   |  6 PagesCase Summary: -Bob owns a Jewelry store -Sam operates electronic security equipment store -Bob and Sam are friends -Monday, Bob held a casual conversation with Sam about fitting his store with closed circuit television and the best available electronic locks -Tuesday, Sam sent Bob a Quotation of price Lists of models and List of price -Wednesday, Bob Replied BY POST. Choice of Supreme Model for camera -Posted to old address, Sam received on Saturday and emailed on the same day Read MoreBusiness Law: A Case Study1531 Words   |  6 PagesBusiness Law In business law, there are a number of procedures that are used in settling disputes. For cases, under $5,000.00, small claims court is utilized as a way to effectively litigate potential issues and come to a solution in a cost effective manner. This is when there are no attorneys present. Instead, each party will present their side of the story to the judge. They will bring forward their own witnesses and evidence to support their case. (Warner, 2012) To fully understand how it worksRead MoreBusiness Law Case Studies1035 Words   |  5 Pagesoriginal contract was agreed upon does not equate to fresh consideration. As addressed in Roscorla v Thomas, assurance was given after the contract was agreed upon and therefore, the plaintiff was unsuccessful in court. The same would apply to Bonnie’s case. Problem 3 a) Could both Michael and David sue Yvette for breach of contract when a contract existed only between Michael and Yvette, and if both contracting parties provided consideration? b) The rules that only a promisee can sue on a contractRead MoreBusiness Law Case Study1259 Words   |  6 Pages Case Study Case 1 A Sydney tramway passenger was injured in a collision with another tram, which occurred after the driver collapsed at the controls. The plaintiff argued that the collision could have been avoided if the tramway authority had fitted the tram with a system known as ‘dead man’s handle’, a system in use on Sydney’s trains. This would have stopped the tram and avoided the accident. The device had been rejected by the tramway authorities because it was felt that it could cause driversRead MoreCase Study : Business Law Case1557 Words   |  7 PagesBusiness Law Case 1: Kate is the owner of a successful business, selling women’s shoes. Her business is expanding fast and she wants to upgrade her business structure to a more appropriate one. What would be your recommendation to Kate and why? What are the factors that influence you with this advice? Solution/Advice 1 Choosing a Corporation/Company Structure - the business structure of a company/ corporation is highly recommended, it has the flexibility to gain more capital, or credit capabilityRead MoreBusiness Law - Case Study1905 Words   |  8 PagesTimber Yard. He made known to Frank, the sole proprietor, the purpose and requirement of the materials and placed an order. John signed a standard form contract and paid a deposit. Two months later, problems arose which caused John to delay his business. John incurred financial losses. B. IDENTIFYING THE ISSUES 1.0 CONTRACT BETWEEN JOHN FRANK. It is obvious that there is a contract for the sales of goods between Frank and John. Therefore, terms implied by statute into the sales of