Comparative Analysis Of Chinese And Greece Financial...

COMPARATIVE ANALYSIS BETWEEN CHINESE GREECE FINANCIAL CRISES The failure of macroeconomic factors largely resulted in the financial calamities for both China and European nations such as Greece. These included foreign exchange and interest rate fluctuations and output as mentioned in Haile and Pozo, (cited in Shen et al, 2015, p. 193). Furthermore, the interdependence between China and European nations as trading partners suffered throughout the crisis given the disruption to the aforementioned macroeconomic variables, (Shen et al, 2015, p. 193). In addition, capital outflows result in the depletion of liquidity in financial institutions as mentioned by Honohan, (cited in Shen et al, 2015, p. 194), and non financial institutions, for example auditing and consulting firms, as mentioned by Gimet, (cited in Shen et al, 2015, p. 194). However, macroeconomic variables are just one factor attributed to the ongoing financial calamities in both China and Greece. Investment perspectives are altered resulting from financial calamities across multiple nations wholly independent of macroeconomic variables, a phenomena referred to by Masson as pure contagion, (cited in Shen et al, 2015, p. 194). Alterations in financial performance have been attributed to unconventional psychological behaviour, for example aversion to risk and hypersensitivity towards financial gains or losses, (Shen et al, 2015, p. 194). The importance of macroeconomic variables to a nation s overall healthShow MoreRelatedGlobalization Is The Process Of International Integration6873 Words   |  28 Pagesthis series of distinctions allows for an understanding of how, today, the most embodied forms of globalization such as the movement of refugees and migrants are increasingly restricted, while the most disembodied forms such as the circulation of financi al instruments and codes are the most deregulated. Globophobia has been used incorrectly to refer to the fear of globalization. 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Anti-Drugs Policies in the 1960s Essay - 1006 Words

Drugs have been influencing the ideas, culture, and music of America for ages. Illicit narcotics have left the Union in a state of immense debt. Anti-drug policies have been dumping billions upon billions of dollars in prevention, punishment, and rehabilitation. From the roaring twenties, to the prohibition, drugs have always been fought (Bailey). Most times, the drugs start off as medicines and end up being harmful (Morris). Perhaps, the most prominent and influential eras of drug use in America are the two decades of the 60’s and twenty years later, the 80’s. It may very well be that these two decades molded America into what it is now. The sixties had a huge pull from conservative America of the post-war era. Vietnam veterans were†¦show more content†¦One score years later, LSD was being used recreationally by the new counterculture, or hippies. Many people turned to this mind-altering drug as way to experience nature, and the company of others. Why would they use so many drugs? The counterculture was set on doing the opposite of what was seen as the right way of doing things. They protested many of Nixon’s policies and their use of drugs was one form of protest, along with their music and free-love. They wanted to create friction between the government and the people. The movement was so strong that it pushed on into the early 70’s. Television sitcoms, like â€Å"That 70’s Show,† point out the strong impact of drug use left by the sixties with the main characters constantly joining in â€Å"circles† and smoking Marijuana. LSD has impacted the music and culture of America the most. The Beatles are a rock band that came from England. Their music became a hit in the United States during the sixties and early seventies, in what became known as the British Invasion. Some of their songs, like Lucy in the Sky with Diamonds are hidden ways of saying LSD (Nagle). People would gather together in la rge music festivals, to partake in the enjoyment of listening to some their favorite bands and among other things to smoke marijuana and take acid. Woodstock was a 3 day music festival taking place in the town of Bethel, New York. It was the biggest congregation of the counterculture at the time. Some 400,000 people went to listen toShow MoreRelatedThe American War On Drugs1598 Words   |  7 Pages The American â€Å"War on Drugs† war created to keep an exorbitant amount of people behind bars, and in a subservient status. First, America has a storied history when it comes to marijuana use. However, within the last 50 years legislation pertaining to drug use and punishment has increased significantly. In the modern era, especially hard times have hit minority communities thanks to these drug laws. 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The Incompatibility of Happiness and Truth Free Essays

The Incompatibility of Happiness and Truth – Dystopia Brave New World is full of characters who do everything they can to avoid facing the truth about their own situations. The almost universal use of the drug soma is probably the most pervasive example of such willful self-delusion. Soma clouds the realities of the present and replaces them with happy hallucinations, and is thus a tool for promoting social stability. We will write a custom essay sample on The Incompatibility of Happiness and Truth or any similar topic only for you Order Now But even Shakespeare can be used to avoid facing the truth, as John demonstrates by his insistence on viewing Lenina through the lens of Shakespeare’s world, first as a Juliet and later as an â€Å"impudent strumpet. According to Mustapha Mond, the World State prioritizes happiness at the expense of truth by design: he believes that people are better off with happiness than with truth. Soma: The drug soma is a symbol of the use of instant gratification to control the World State’s populace. It is also a symbol of the powerful influence of science and technology on society. What are these two abstract entities that Mond juxtaposes? It seems clear enough from Mond’s argument that happiness refers to the immediate gratification of every citizen’s desire for food, sex, drugs, nice clothes, and other consumer items. It is less clear what Mond means by truth, or specifically what truths he sees the World State society as covering up. From Mond’s discussion with John, it is possible to identify two main types of truth that the World State seeks to eliminate. First, as Mond’s own past indicates the World State controls and muffles all efforts by citizens to gain any sort of scientific or empirical truth. Second, the government attempts to destroy all kinds of â€Å"human† truths, such as love, friendship, and personal connection. These two types of truth are quite different from each other: objective truth involves coming to a definitive conclusion of fact, while a â€Å"human† truth can only be explored, not defined. Yet both kinds of truth are united in the passion that an individual might feel for them. As a young man, Mustapha Mond became enraptured with the delight of making discoveries, just as John loves the language and intensity of Shakespeare. The search for truth then, also seems to involve a great deal of individual effort, of striving and fighting against odds. The very will to search for truth is an individual desire that the communal society of Brave New World, based as it is on anonymity and lack of thought, cannot allow to exist. Truth and individuality thus become entwined in the novel’s thematic structure. Mustapha Mond Towards the end of the novel the reader gets more information about Mustapha Mond. John, Bernard and Helmholtz are taken to his office because of the scandal in the hospital. Mustapha Mond is one of the World Controllers and responsible for Western Europe. In the conversation with John he tells him that he was interested in science some years ago and because he was too clever for the society of Brave New World he had to choose between living on an island for the rest of his life and conforming to the lifestyle in that society, which was totally rebuilt after the Nine Years’ War and the Great Economic Collapse. He decided to conform and to use the chances the position of one of the World Controllers offers. Nevertheless he kept some of the books that are prohibited. When John who grew up with Shakespeare’s work asks him for the reason of this prohibition, he says that the government of Brave New World doesn’t want the people to be attracted by old things, especially books, because they should only like new things. In addition to that, the inhabitants wouldn’t understand books like â€Å"Othello†, because they live in totally different circumstances. They are happy, they aren’t afraid of anything, they get what they want and they never want what they can’t get. Brave New World is a stable world and for understanding tragedies like â€Å"Othello† you need social instability. John criticises that art has been given up, but Mond explains to him that this is the price you have to pay for happiness. By giving John the example of an experiment where Alphas had to do even manual work all alone, but failed, he also explains the importance of the caste system, which is necessary for stability. Later, the two men talk about God and why he doesn’t exist in Brave New World. Mond says, that people don’t turn to God any longer, because they no longer have to suffer from illnesses, inconveniences, unhappiness, fears etc. so they can be independent of God and religion. John claims that God is the reason for everything noble and heroic, but Mustapha Mond tells him that there is no need for nobility or heroism, because everyone is conditioned: they can’t help doing what ought to be done and this is so pleasant that they don’t feel the need to complain about anything. And if something unpleasant happens, there is always soma to make you happy again! Mustapha Mond is not able to convince John of his ideas and principles – in the end of their conversation John says that he claims the right to be unhappy, to become old and ugly, to have cancer and all sorts of illnesses, to have too little to eat, to be tortured†¦. so John claims the right to live like we live now. How to cite The Incompatibility of Happiness and Truth, Essay examples

Literature review of Reckon QuickBooks Accounting Software in Austra

Question: Discuss about the Literature review of Reckon QuickBooks for Accounting Software in Australia. Answer: Introduction The small business accounting and book keeping software has been used in all forms of business enterprise (Broughton 2012). The small to large sized business enterprises have been using Accounting software for forming and marinating the accounts and databases. The accounting software and it use has become very reasonable. Schorr et al. (2013) have argued that the accounting software can be implemented for all the transaction processing and it is vital for small industries. The accounting software can be used for supporting the accounting abilities of the small enterprises. The literature review of Reckon QuickBooks as one of the accounting software system can be done for analyzing the role of accounting software in the management of accounting system of small enterprises. The market size of Australia can be summarized into the development and adoption criteria of the leaders of the market. The study would help in identifying the gaps of the use of accounting software in small business structure. History of Reckon accounting software Reckon was founded and created in 1987 for small scale enterprise. It facilitated the basic credit card and loan activities at the initial phase. In 1993, Reckon Quicken was introduced in Australia and a new history was made. It helped in developing the personal finance software in Australia (Reckon Australia. 2016). In the year 1994, Reckon QuickBooks was unleashed in the Australian market. It started being used for as major business software in small and medium business enterprises. In the year 1998, Reckon was expanded to New Zealand and South East Asia. In the year in 1999, Reckon increases the list to 167% and the software usage increased exponentially. The strategic partnership rose for Reckon QuickBooks by practice management software in APS. 70% of the companies around the countries started using this Reckon QuickBooks for three of the four accounting firm. In 2004, Reckon QuickBooks had been named the best accounting software and it added the lineup for desktop super (Parate Jain and Kim 2016). Reckon QuickBooks added docs and bill back in worlds largest law firms. Reckon QuickBooks launched hosted the best comprehensive software for larger business growth in the market. In 2012, massive branding and virtual document management by Reckon QuickBooks quicken online. The automated data entry started in 2013 and Reckon One as online accounting software. Reckon QuickBooks has launched software in UK market. Development and adoption of Reckon QuickBooks Development of Reckon QuickBooks The development of Reckon QuickBooks has been accelerated with the development of technology. It is possible for implementing the Reckon QuickBooks in every size of enterprise. The programming tools and development skills must be improved for forming an effective and efficient accounting processing tools (Parate Jain and Kim 2016). It has been developed with the help of integration and features over the same platform. Reckon QuickBooks was initially suitable for small scale enterprise operations. They have started adopting various features for supporting the accounting system. They have promoted many users with the accounting software they use. There are various tools for facilitating the processing with the accounting system (Reckon Australia. 2016). They have started using cloud system for promoting the facilities of accounting system using remote access. Remote access, outsourcing, electronic payment system and payroll system have been introduced in Reckon QuickBooks for the accou nting and business proactive system (Schorr et al. 2013). Finally the system was adopted and developed for all scales of industry. Figure 1: Development of Reckon QuickBooks (Source: Go.reckon.com 2016) Adopted technologies of Reckon QuickBooks Reckon QuickBooks has introduced many technologies for satisfying the customers. Additional track system for duration of activities, remotely accessing the accounting data and electronic payment system. The features of Reckon QuickBooks are, More than one users: Reckon QuickBooks has formed and introduced the system for more than one users (Go.reckon.com 2016). It has helped in promoting the users with the multiple access from many systems. Effective and efficient user system and controlling of the system has been developed. Scalability: Reckon QuickBooks can operate on a very large scale and also in smaller scale (Reckon Australia. 2016). The accounting data could be stored and the database can be scaled as per requirement. Hence it useful for performance enhancement and sustainability development. Market size of Reckon QuickBooks in Australia Reckon QuickBooks has been commonly used software package for managing the accounting transactions of many enterprises in Australia (Huy 2014). The companies have started using Reckon QuickBooks for keeping records of their transactions (either sales or purchases) and calculating profit or loss at the year end. Reckon QuickBooks has competition market with Xero, MYOB and Intuit QuickBooks. All those three are the major market holder of Australia. However Reckon QuickBooks also capture a considerable market share of accounting software using companies of Australia. The accounting software package has primary objective of expanding their business operations and customers (Rafaeli 2014). Reckon QuickBooks has introduced number of options for providing support to the customers. The target of the company is to capture market from the rival Xero an MYOB accounting system. Identifying the accounting software leaders of Australian market The accounting software market of Australia has been distributed among the three large software system in Xero, MYOB and Intuit QuickBooks. However, Reckon QuickBooks also cover a considerable market share (Huy 2014). The Australian market is dominated by Xero and MYOB. The smaller market enterprise uses Reckon QuickBooks for most of the accounting operations. Xero has covered almost 60 % of the market followed by MYOB and QuickBooks at 13% and 17% respectively. The market share of Reckon QuickBooks covers almost 7% of the total accounting market of Australia (Rafaeli 2014). In large scale business enterprise CA, VAR and SAP dominate the market. Figure 2: Leaders of accounting software market in Australian (Source: Easterly and Pennings 2014) Competitive advantage by Reckon QuickBooks against other accounting software Reckon QuickBooks has less market coverage than other accounting software marketing. The remote access and cloud service provided by Reckon QuickBooks has helped in gaining small scale market condition (David and David 2016). Most of the accounting software that are used by the enterprises of Australia does not provide remote access. The Reckon QuickBooks has easy and simple user interface for configuration. The software setup of Reckon QuickBooks has easy setup procedure and maintenance for user access. It has helped in beckoning the software applications and getting edge of competition over the rivals. The shortcuts and accuracy of the accounting software is beneficial for reducing the errors of financial transactions and expenses of the using company (Lim and Perrin 2014). Hence most of the enterprises are using Reckon QuickBooks for managing the operations of their transactions. Identification of the gaps and challenges in Reckon QuickBooks The major gaps and challenges that are faced by the application of Reckon QuickBooks are threat from the rival companies and security. The security lacks in the Reckon QuickBooks for maintaining the privacy of transactions data (David and David 2016). The cost factor has played an important role for decreasing the use of Reckon QuickBooks by accounting software users. The accounting software leaders like Xero and MYOB act as a threat for Reckon QuickBooks and it market supremacy (Hossack 2015). Most of the organization has not been utilized for all enterprises. The accounting software has threat from many of the competing and rival companies. Recommendations Security improvement: Reckon QuickBooks would have to improve its inbuilt security system. However, the users of Reckon QuickBooks would have to investigate on the security architecture of data as well for its application. Increasing online activities: Reckon QuickBooks have to implement and improve the online services for gaining market condition. The features could have been used for improving the online and accounting distribution system of Reckon QuickBooks. Conclusion The literature review of Reckon QuickBooks had helped in understanding the role of the accounting software system. It has been analyzed for analyzing the role of accounting software in the management of accounting system of small enterprises. The study had helped in identifying the gaps of the use of accounting software in small business structure. The primary motive of the implementing the Reckon QuickBooks in small scale industries and enterprises for gaining the fame and name of the accounting software. Reckon QuickBooks has provided the market enterprises with the ease of more accuracy of the accounting software system. The challenges of Reckon QuickBooks consist of privacy and security issue that can be solved by implementing architecture of the company. The issues solved can be sorted out and it would improve the security and dataflow of the software. Reckon QuickBooks has targeted to improve the market capture and form their own online service. References Broughton, P.D., 2012. The Start Uprising: Eighteen Months of the Startup America Partnership.Available at SSRN 2186472. David, F. and David, F.R., 2016. Strategic Management: A Competitive Advantage Approach, Concepts and Cases. Easterly, W. and Pennings, S., 2014. How much do leaders explain growth? An exercise in growth accounting.Unpublished manuscript. Go.reckon.com. (2016).Reckon API Integration. [online] Available at: https://go.reckon.com/api-developers/ [Accessed 4 Sep. 2016]. Hossack, S., 2015. Cloud-based accounting and productivity tools for practitioners and taxpayers.Taxation in Australia,50(5), p.265. Huy, D.T.N., 2014. Impacts of External Financing on The Risk Level of Viet Nam Software Industry During and After The Global Crisis 2007-2009. Lim, N. and Perrin, B., 2014. Standard Business Reporting in Australia: Past, Present, and Future.Australasian Journal of Information Systems,18(3). Parate, A., Jain, P. and Kim, K.H., 2016. Reckon: An Analytics Framework for App Developers. Rafaeli, S., 2014. Advertising to finance software: the feasibility of soapware.The Economics of Information Systems and Software, p.44. Reckon Australia. (2016). Reckon | Accounting, Business Bookkeeping Software. [online] Available at: https://www.reckon.com/au/ [Accessed 4 Sep. 2016]. Schorr, M., Sylvester, M., Dopf, G., Henrich, D., Liebich, G., Conrad, M., Reccius, A., Klein, M., Hohendorf, M., Roesinger, A. and Soltek, R., 2013.Providing accounting software application as enterprise services. U.S. Patent 8,442,850