Abu Bakr - the First Muslim Caliph

Born to a wealthy family, Abu Bakr was a successful merchant with a reputation for honesty and kindness. Tradition has it that, having long been a friend to Muhammad, Abu Bakr immediately accepted him as a prophet and became the first adult male to convert to Islam. Muhammad married Abu Bakrs daughter Aishah and chose him to accompany him to Medina. Shortly before his death, Muhammad asked Abu Bakr to offer up a prayer for the people. This was taken as a sign that the Prophet had chosen Abu Bakr to succeed him. After Muhammads death, Abu Bakr was accepted as the first deputy of the Prophet of God, or caliph. Another faction preferred Muhammads son-in-law Ali as caliph, but Ali eventually submitted, and Abu Bakr took over governance of all Muslim Arabs. As Caliph, Abu Bakr brought all of central Arabia under Muslim control and was successful in spreading Islam further through conquest. He also saw to it that the Prophets sayings were preserved in written form. The collection of sayings would be compiled into the Quran (or Quran or Koran). Abu Bakr died in his sixties, possibly from poison but just as likely from natural causes. Before his death he named a successor, establishing a tradition of government by chosen successors. Several generations later, after rivalries led to murder and war, Islam would be split into two factions: the Sunni, who followed the Caliphs, and the Shiite, who believed that Ali was the proper heir of Muhammad and would only follow leaders descended from him. Also Known As El Siddik or Al-Siddiq (The Upright) Noted For Abu Bakr was the closest friend and companion of  Muhammad  and the first Muslim caliph. He was one of the first men to convert to Islam and was chosen by the Prophet as his companion on the  Hijrah  to Medina. Places of Residence and Influence Asia: Arabia Important Dates Born:  c. 573 Completed  Hijrah  to Medina:  Sept. 24, 622​ Died:  Aug. 23, 634 Quotation Attributed to Abu Bakr Our abode in this world is transitory, our life therein is but a loan, our breaths are numbered and our indolence is manifest.

The Greatest Composer Of All Time - 1393 Words

Composer and Pianist, Ludwig Van Beethoven, who is universally considered the greatest composer of all time was born in December of 1770 into a modest family in a small German town called Bonn. Beethoven got his name from his late Flemish grandfather who was a bass player at court and then in 1761 he became maestro of the chapel (Iulian Munteanu, Onesti, Romania). During his short years of living in his hometown Bonn, he studied a wide variety of compositions and played the piano and viola. Beethoven withdrew from school at the young age of ten to study music full time with Christian Gottlob Neefe who was the musical director of the national theatre in Bonn. Neefe was not only Beethoven’s first real teacher but he also became Beethoven’s mentor by showing him new advances of his century (Iulian Munteanu, Onesti, Romania). In his twenties, he moved to Vienna where he would live until his death in 1827. There, he studied Mozart and Haydn and quickly became famous by maki ng a reputation by not only being a pianist but also a teacher. Beethoven was a crucial figure throughout the transitioning of the Classical and Romanic era in western art music. Beethoven is known to be one of the greatest composers of all time because he had ferocious individualism and determination during an age where it was not considered the norm, he continued to compose while gradually becoming fully deaf, and he embraced the expansion of his symphonies such as one of his most famous compositions,Show MoreRelatedThe Greatest Composer Of All Time1281 Words   |  6 PagesHayden are great composer, but Beethoven is the greatest composer of all time. Everyone has heard the name Beethoven before. Why is he one of the greatest composer of all time? The answer is easy. He influenced so many composer after he died. Just like how Michael Jackson influenced other artistes when he passed away. He made a huge impacted during the classical period and to world. His music were influenced into the next centuries, and he’s considered the best composer of all time. Ludwig Van BeethovenRead MoreThe Greatest Composer Of All Time1386 Words   |  6 Pageswell-known composers, but Beethoven is the greatest composer of all time. Everyone has heard the name Beethoven before. Why is he one of the greatest composer of all time? The answer is easy. He influenced so many composers after he died. Just like how Michael Jackson influenced other artists when he passed away. He made a huge impacted during the classical period and to the world. His music was influenced into the next centuries, and he is considered to be the best composer of all time. Ludwig VanRead MoreBeethoven: the Greatest Composer of All Time.1267 Words   |  6 Pagesâ€Å"The instrumental music of the German composer Ludwig van Beethoven forms a peak in the development of tonal music and is one of the crucial evolutionary developments in the history of music as a whole.† ~ Unknown Mozart aside, Ludwig van Beethoven is the most famous classical composer of the western world. Beethoven is remembered for his powerful and stormy compositions, and for continuing to compose and conduct even after he began to go deaf at age 28. The ominous four-note beginning toRead MoreJohann Van Beethoven And The Greatest Composer Of All Time955 Words   |  4 Pagesfeel less important. Beethoven went through struggle after struggle making a name for himself. But despite all of the heartache and despair in his life his music overcame it all. Beethoven used his musical abilities to overcome his sadness and unknowingly helping others overcome theirs as well. Composer and pianist Ludwig Van Beethoven, widely considered as the greatest composer of all time was born around December 16, 1770 ( nobody knows for sure) in the city of Bonn, Germany. Beethoven hadRead MoreInformative Speech On Movie Music919 Words   |  4 PagesSpeech Title: Making Movie Music Specific Purpose: To inform you of three of the greatest movie score composers of our time and the significance they hold. Central Idea: Three of the greatest composers of our time are John Williams, Hans Zimmer, and Alan Menken and they all hold great significance in the world of moving scoring. Introduction I. AG: When you think of Disney movies, what comes to mind? Of course, the fun melodies twinkled throughout the movies. What about your favorite heroesRead MoreFlamenco and the Spanish Culture619 Words   |  3 Pagespopular all over the world and is taught in many countries (Flamenco - History.). One of the largest cultural differences that set the Galicians apart from the other inhabitants of Spain is the traditional music and dancing that are predominantly featured at their festivals and celebrations. Galician music has a very strong Celtic connection. Their music is played on gaita galega.† Gaita galega can be traced back as far back as the 13th and 14th centuries, and is a staple instrument in all of theRead MoreBaroque Music764 Words   |  4 PagesBaroque Music Period ​â€Å"Baroque music expresses order, the fundamental order of the universe. Yet it is always lively and tuneful. Follow the development of music through this brief outline, from the earliest times to the present day, with baroque music set in historical context.† The style of polyphonic music containing elaborate ornamentation and contrasting elements, that is how Baroque music is defined. The Baroque era in music is not a set style in music but many diverse styles which may beRead MoreThe Concert Of The Packed Recital Hall1676 Words   |  7 Pagessilence. One of the greatest composers had left his mark on this audience. The piece was the Concerto No.1 in D minor by Johann Sebastian Bach. He was the greatest composer not just because of that piece but also considering music history, his personal story, his popularity during lifetime, the volume of his compositions, the make-up of his music, and familiarity today. Music history is divided four main time periods. Famous musicians lived and composed masterpieces throughout all four eras. The BaroqueRead MoreGeorge Frideric Handel was the Greatest Composer772 Words   |  4 PagesFrideric Handel was the greatest composer during the Baroque period, one of his famous works was â€Å"Julius Caesar† the opera seria. George Frideric Handel was born on February 23, 1685 in Halle, Germany. Handel was known as the greatest composer during the Baroque era. Handel was most famous for the Messiah a English Ontario. This great composer also wrote the great opera seria known as â€Å"Julius Caesar† which was performed first in London, England in 1724. The opera seria quickly became popular andRead MoreEssay Tchaikovsky1429 Words   |  6 Pagesof Russian musical society and world music . . . It is at the same time a creative and technical encyclopedia to which every Russian composer has reference in the course of his own work,@ commented Dimitri Shostakovich.1 This was a typical view held by Tchaikovsky=s contemporaries. He was well known and well respected, especially in his later years. In addition, Tchaikovsky was recognized as the most expressive Romantic composer in Russia.2 He was often idolized and put on a pedestal, particularly

Claude Monet Free Essays

Art History 9 November 2012 Claude Monet: The Impressionist Claude Monet was a French Impressionist painter born on November 14th, 1840. Monet was born in Paris and was the second son to Claude Adolphe Monet and Louise Justine Aubree. On May 20th 1841, Claude Monet was baptized in the local parish church under the name of Oscar-Claude. We will write a custom essay sample on Claude Monet or any similar topic only for you Order Now Shortly after his birth and baptism, Claude Monet and his family moved to Le Havre in Normandy. The mid-forties brought with it a serious economic crisis and apparently a fall in trade for Monet’s father. Monet’s father was in the grocery business and he expected Monet to follow in his footsteps and carry out the family business. Monet grew up in a commercially-oriented household. Only his mother showed an interest in the arts. Her early death in 1857 was a severe blow to the seventeen year old Monet. He found sympathy for his artistic leanings with his aunt, Marie-Jeanne Lecadre. Madame Lecadre was not only in contact with the Parisian painter Armand Gautier, but had her own studio where she painted for pleasure and in which Monet was a welcome visitor. Monet’s relationship with his father deteriorated with time and was not improved when he decided to leave school in 1857; not to mention Monet left school shortly before his final exams. Not helping his case much. At school he received his first drawing lesson from Francois-Charles Ochard. These lessons appear to have had no profound influence on Monet, however. His memories of the period refer exclusively to the witty drawings and caricatures of his teachers and other things. Monet’s caricatures of the citizens of Le Havre, which rapidly earned him 2000 Francs, brought him a degree of local celebrity. In fig. 2, is an example of one of Monet’s caricature drawing, (Caricature of a Man with a Large Nose graphite on paper 25 x 15 cm. ) Monet was introduced to Boudin who praised Monet for his drawings. It was a turning point. Boudin took the young man with him on painting excursions into the surrounding countryside. He convinced Monet that objects painted directly in front of the motif possessed a greater vitality that those created in the studio. Monet later ascribed his decision to become a painter to his encounter with Boudin, with whom he remained in close contact with for the rest of his life. The fact that I’ve become a painter I owe to Boudin. In his infinite kindness, Boudin undertook my instruction. My eyes were slowly opened and I finally understood nature. I learned at the same time to love it. I analyzed its forms, I studied its colours. Six months later†¦I announced to my father that I wanted to become a painter and went off to Paris to study art. † So Monet wanted to become a painter. It was an idea his father eventually accepted but not without difficulty and after much persuasion from Monet’s aunt. Monet’s first oil painting was, â€Å"View of Rouelles† (seen in fig. 3. This painting was also known as, â€Å"Vue des bords de la Lezarde† because it showed a valley and streams either the Rouelles or the Lezarde, which the Rouelles flowed into. Presumed lost, the painting was discovered after hundred years and positively identified. He joined the studio of the Swiss-born painter Charles Gleyre in Paris, in 1862, where he had been for approximately two years. There he met Pierre-Auguste Renoir, Frederic Bazille and Alfred Sisley. All four of them had new approaches to art and they all painted the effects of light â€Å"en plain air† with broken color and rapid brushstrokes. That’s exactly what became known as Impressionism. This period was very important; it was the culmination point of the movement Impressionism and some of Monet’s best works had been painted in Argenteuil. One of the most famous Monet’s paintings is â€Å"Impression: The Sunrise† (seen in fig. 4) painted in 1872 or 1873, from whose title the entire movement had got name. It was art critic Louis Leroy, who coined the term Impressionism, and it had been derogatory, but, Impressionists had liked it and had found it very appropriate for them. The painting â€Å"Impression: The Sunrise† was exhibited 1874 at the first Impressionist exhibition in the studio of Nadar. Today, it is displayed in the Musee Marmottan-Monet in Paris. Monet continued to revise his craft until his death in 1926. With his eyesight deteriorating, one of his final and greatest feats included his creation of â€Å"The Water Lilies† paintings. (Seen in fig. 5) He worked on twelve large canvases and donated them to France. Monet is a household name that lives on in the hearts and minds of the artistic individuals and the lovers of art and its creators everywhere. When looking at Claude Monet’s life, I came to a realization, that he blazed a trail in the art world and he never looked back. Never took no for an answer. Inspired others to find their voice, and created a movement that challenged the status quo in the painting world. The question shouldn’t be, â€Å"what did Monet contribute to the art world? No. In this case it should be â€Å"what didn’t Monet contribute to the art world? Monet’s extraordinarily long life and large artistic output befit the enormity of his contemporary popularity. Impressionism, for which he is a pillar, continues to be one of the most reproduced styles of art for popular consumption in the form of calendars, postcards, and posters. Additionally, his paintings command top prices at auctions. Monet’s work is in every major museum worldwide and continues to be sought after. While there have been major internationally touring retrospectives of his work, even the presence of one Monet painting can anchor an entire exhibition for the audience. The impact of his experiments with changing mood and light on static surfaces can be seen in most major artistic movements of the early twentieth century. When reading books about Monet’s life and his life work, I started to make a list of what made up the â€Å"Impressionist† style. Some elements I found talked about were, absence of light and shade and local tone, division of color and systematic use of complimentary colors and finally, plein-airism which is to try and recreate the outdoor light and air while painting in daylight. Monet was able to gather these elements and use them to help express his style in a unique way artistically, and allowed others to follow him. Through Impressionism, Monet was allowed freedom and a zest for life. Not staying in the lines or playing it safe. Monet shed some light on following your true calling and doing what you feel truly called to do. Monet runs the risk of shattering the traditional image of things as he pushes on towards his dream of the Impressionistic movement. For example, Monet isn’t afraid to give his canvases that chalky appearance which is indicated by the subject under contemplation. His craftsmanship is never systematic, whether he is showing fields of grass, or rocks and the sea. He has long strokes as well as fragmented ones. Then sometimes there’s a lot of what is called â€Å"brisk fluttering† which moves about the painting much like a butterfly would fly around. From far away his work can feel like a mash up of colors. But when you get closer you begin to see what he saw. What he was trying to portray through his works. I think what really stands out to me are the â€Å"Water Lilies† ( see figure 6) from a distance all you see is color and you don’t see the distinct shapes. But I guess that’s the thing, the shapes aren’t distinct. They are up for interpretation. That’s sort of the whole point of Impressionism, or that’s what I think anyways. Monet brought spontaneity to the art world. He brought rhythm and harmony but in an unconventional way. Monet brought freedom of expression back to art and took it to new heights. Monet breathed hope back into the arts, bringing â€Å"poetry back to science. † Monet taught us a new way to see the world, perceive it, and recreate it in a way we see fit. Growing up we had one of Monet’s infamous â€Å"Water Lilies† paintings hanging on our wall. It was called, â€Å"Bridge over a Pool of Water Lilies. † (See fig. ) I was young, but I remember it hanging around, literally, in our old house and for a while in the house we live in now. Truthfully, I thought it was a painting of turtles in water. The way the water lilies sat next to each other I could clearly make out eyes and the body of turtles. Oh how I laugh when I think of that. It’s funny. But that’ s what I got out of Monet’s paintings when I was little. In fact when I glance at it now, that’s still what I see. I wonder what Monet would think if he were alive today and I told him that. Maybe he would laugh. Maybe he would say it was okay I got it wrong. But it was my own interpretation, so was it wrong? I appreciate Impressionistic art; a lot. I appreciate Monet and what he stood for and worked for. I appreciate the fact that it is an impression of what the world looks like but if they colors aren’t perfect or the lines are straight, it’s still okay. One picture that I really enjoyed was, â€Å"Woman with a Parasol – Madame Monet and Her Son. † (See fig. 8) When looking at this picture you can feel the wind on her face, in her hair, around her dress. All you have to do is look at this painting and you can really feel it. I can also see the chalky or abrupt strokes he used in the sky. The whites are not mixed in with the blues and its sticks out and I like that. It’s not formal. I love all the colors in the blades of grass. I don’t know about you but when I think of grass one color comes to mind, yep, green. But when Monet thinks of grass he sees greens, browns, yellows, red, gray†¦I could keep going. But it all works so well together. All those stokes of color. One stroke, that’s all it takes. Monet doesn’t mix his colors together. They stand by themselves, proud and ready to be seen. I enjoy that. The mystery he conveys in the woman’s face is also intriguing. The picture makes you think, your mind doesn’t get bored quickly when you look at this painting. The details in the young boy’s hat are nice. The pop of red on the ribbon that goes around the hat, it stands out the eye and you catch it right away. It also helps bring out the reds in the blades of grass. Some other works that fascinated me while I was reading about Monet was his little series on boats. I enjoyed, â€Å"Boating on the Epte† and â€Å"In the Rowing Boat. † (See fig. 9 and 10). When looking at these paintings I was quickly reminded of the movie The Notebook. Specifically because in the movie the main characters are in a boat much like the ones in the pictures, and they have a sort of romance about them. They just look so romantic, the paintings. I don’t know if that was the intention behind these but its how I have interpreted them. It just amazes me, how Monet has such a loose stroke or a loose way of painting and yet it still turns out looking so good with great accuracy. He was a pretty good drawer before he started to paint so I’m sure that helps, but just looking at the details in these paintings I have grown such a respect for the Impressionists of the world. I respect them and their craft. I couldn’t do it, and they do it with what looks like ease. Monet makes me believe that if I put my mind to it, anything is possible. I know that sounds a bit cliche, but it’s true. Monet started a movement, and it opened a whole new way of thinking for artists. I think if I were to seriously pursue painting or something of that sort, Monet would definitely be role model. I’m really into fashion, and in a way, Monet’s style of painting could inspire a clothing line. The colors of his paintings surely would do the trick. His earthy tones would do great in the fall, and the whites and cool blues for winter. So I guess, Monet didn’t only have an impact on the art world, he kind of has an impact on the whole world. His styles could be used for more than painting. I’ve learned nothing is too big to chase. Monet is a classic get knocked down seven times, stand up eight kind of stories. Life changes every day. Nothing stays the same. It is always up for interpretation. I think Monet captured that idea and thought through a brush and paint. Monet is telling us we call all do the same, in our own way. How to cite Claude Monet, Essay examples

Auditor Independence and Possible Remedies †Myassignmenthelp.com

Question: Discuss about the Auditor Independence and Possible Remedies. Answer: S.NO. ISSUES ASSERTIONS TO AUDITORS INDEPENDENCE AUDIT OBJECTIVES AUDIT PROCEDURES FOLLOWED TO SAFE THE INDEPENDENCE 1 Promotion of LTH Company Business in a travel industry seminar Affirmation of Advocacy in relation to independence of the audit firm is present in the given issue under consideration. (Edwin, 2015). The audit objective as defined in the given situation is that the auditor has to do endorsement of the business of the company at a public platform apart from the stakeholders of the company. The Chief Executive Officer Chris made a board statement to the auditor that if does not advertise the company then the companys board has to think for his engagement in the next year. This statement puts the pressure on the auditor mind about losing financial revenue if does not do such act which hampers the objectivity of the auditor in accomplishments of the fair audit and reporting in true spirit. The basis of audit object of making fair representation about the affairs of the company is violated if auditor promotes the company at the public platform. The assertions can be assessed in the given situation by the level misstatement not reported by the auditor in fair manner. While doing the audit of the client in this type issue the following procedures need to follow by the auditor: i. The implementation of due professional care and judgment while analyzing the financial information of the client ii. The standard operating procedures in relation to ethical principles as laid down in Australian Auditing standardard needs to follow by the auditor. iii. The auditor should maintain its objectivity while performing his duties and responsibilities during audit tenure (Livine, 2005). 2 Free Vouchers given to Auditor for himself and his family member by LTH Company Contention of Self Interest has been present in the case under study in order of providing any extra benefit of auditor. (Barizah, 2016). The primary audit objective in respect of presentation of the trading results in form Profit and Loss account and financial position in form of Balance sheet is violated with the assertions given under the situation. The Chief Executive Officer Chris wants give extra benefit to main audit team member Geoff for having even audit of the next year. The Client thinks that if they provide the extra benefit to the audit team member then the audit team member will over look any errors frauds and misstatements comes under his notice while reporting about the affairs of the company to give favor in return of free gift availed by the auditor. The assertions in this situation can be assessed by the level of financial and non financial interest of the auditor by not providing true and fair reporting on the operating results of the company and on financial performance of the company. Audit procedures that the auditor should follow during the audit in Self interest threat are as follows: i. The rotation of audit staff is major audit procedures which are to be followed by the auditor as per the provisions of the Australian Auditing and Ethical Standards 110. ii. The audit team member should refuse to accept the extra benefit if given by the client to main its integrity in order to have independence in reporting. iii. The auditor should inform to the regulatory board if the client puts pressure on the auditor to resign from audit engagement because the audit member is not accepting the extra benefit (Livine, 2005). 3 Finance Controller of LTH Company is associate party with the team member Micheal Question of trust and Affirmation of the familiarity is involved in the given situation of LTH Company (UK, 2013) The secondary audit objective of detection of frauds and error by the auditor is avoided here in by the audit team member. Since the Finance Controller of the company who responsible for preparation of the financial accounts of the company is associated with Michael audit team member, the auditor may not apply all the compliance and substantive procedures in finding frauds and errors done by the accounting staff of the company. Also, if the audit team member is able to find any frauds and error then this can rectified at the accounting level before reporting the same in the audit report by the audit team member as he may hide the mistakes of his father due his personal and long lasting relationship. Further, the finance head of the company can also create the dominance on his son Michael (audit team member) to tell me the audit findings before reporting and he can rectify the same before reporting leading the work of audit team as futile. The affirmation in this situation can be meas ure by the level of leakage in the information both from the auditor and the company staff. Following audit practices need to be followed by the auditor in case of family relationship and lose of trust by the audit team member: i. The disclosure of personal interest at the time engagement by the audit team member to his audit partner before joining the audit team. ii. The continuous change of audit staff during the period of the audit is requiring remaining safe from this type of assertion. iii. The peer review of the work of related audit staff by the senior audit partner (Livine, 2005). 4 Providing Audit and Non Audit Services by the same member Annette in LTH Company Self review and self interest assertions are present in the situation under consideration of LTH Company (Parker, 2015). The primary objective of verification and vouching is violated in the given situation where the same person from audit team has to do audit and non audit services like accounting and taxation services. The audit team member has done one month ago the accounting entries and tax calculation for LTH company and the same person has to check the same accounting entries and taxation calculations by applying the vouching and verification methods. The person might think of not applying all the substantive procedures as he thinks the work done by him just few weeks ago is free from errors. The risks in this situation can evaluate by the level of assumptions made in relation to the correctness of the work done by the audit team member. The auditor has to follow the following methods to make himself and his reporting clean from the assertions present in the situation: i. The auditor should take the advice from the independent third party with the audit firm or outside the firm relation to consultancy services provided by the audit team members. ii. The audit team member and accounting team member are different personnel. iii. Discussion with board members of the company about the scope of audit and non audit services and their fees structure at the time of initial engagement. a) The auditor should gain knowledge about the basis source data for accounting by the client so that he can identified the lag in the procedures followed and can reduce the risk of the self review (Livine, 2005). S. No. ISSUES ASSERTIONS BUSINESS RISK AND AUDIT RISK AUDIT OBJECTIVES AUDIT PROCEDURE AFFECTED ACCOUNT BALANCES 1 Purchases made by MSL Mining Supply Limited from the supplier from different counties of the world The Foreign Currency Fluctuation Risk derived as the business risk in the given situation along with Inherent Risk that the auditor has to take into consideration while planning the audit in this situation. The inherent risk is the risk which present in any company due to the mistake at the financial statement level by the accounting personnel of the company. These risks occurred when the nature of transactions are very complex like foreign currency transactions and involves high level of accounting estimates and accounting judgments. (Imrie, 2011). The audit objective involved in the particular situations are: i. Verification and validation of the foreign currency transactions ii. Checking the calculation of the foreign currency and their conversion per the transitional provisions iii. Compliance of all statutory requirements of different countries iv. Detection of errors in taking the wrong exchange rate by the auditor. The audit practices involve in this situation are: i. Understanding the business the procedures adopted by the company while doing the purchase transaction. The purchases are done by the company from the suppliers from United States, United Kingdom and China. The payments made to them according to their respective country currency but the company has booked all this transactions in Australian dollar to show them in its financial statements. ii. Reassessment of exchange rate at the particular date of transaction by auditor iii. Compliance Procedures in relation to the checking of the transitional provisions as defined by the Australian regularity bodies and adopted by the company. i. Overseas Purchases ii. Overseas Creditors iii. Foreign Current Fluctuation Account iv. Foreign Exchange Reserve 2. Transportation of Raw Material from purchased from supplier located in different parts of the world and supply the same to customers located other different parts of the parts of the world by MSL Mining Supply Limited The loss of goods in transit is the major assertion in relation to the business is present in the given situation. Also, the auditor as consider the level of the of detection risk present in the given situation of the MSL company in respect of transportation of goods. The detection risk is defined as situation of danger present in an organization due to the inherent limitations of the company. These risks are generally present as default in the business practices of the company from its inception as non clear agreement with the supplier and customers about loss of goods is goods example of high degree of the detection risk .(Long, 2015) . The audit objectives involved in this type of the issue of the company are: i. Valuation of inventory by applying the principles of valuation of inventory that is cost or net market price whichever is lower ii. Calculation of the loss of value of inventory if inventory is value at net realizable value. iii. Assessment of internal control system of the company in handling of inventory and minimizing the loss of inventory iv. Detection of frauds in relation to valuation of inventory and its loss. v. True and fair value of inventory is reflected in the operating results and financial position of the company. The auditor has to follow the following audit procedures in terms of the issue related loss of goods in transit: i. Gaining the knowledge about the price of equipments and spare parts which are imported from the suppliers is on FOB basis and CIF basis. If the clear instruction about the this not given by the supplier then the procedures of booking the inventory has to be understand by the auditor. ii. Substantive procedures in relation to valuation of inventory have to follow by the auditor. iii. Recalculation of Abnormal loss by the auditor is required to be done in this situation. iv. Professional due and care in assuming the correctness of the judgment made by the accounting personnel of the company about the percentage of inventory lost in transit. i. Inventory ii. Accounts Payables iii. Purchases iv. Sales v. Accounts Receivables vi. Abnormal Loss vii. General Reserve References Barizah N, (2016), Threats to Auditor Independence, available at https://www.academia.edu/260449/Threats_to_Auditor_Independence accessed on 02/05/2017 Edwin M, (2015), Analysis of Threats to Auditor Independence and Available Safeguards against those threats, available at https://www.academia.edu/9406967/THREATS_TO_AUDITORS_INDEPENDENCE accessed on 02/05/2017 EY, (2016), Top 10 Business Risks, available at https://www.ey.com/Publication/vwLUAssets/EY-business-risks-in-mining-and metals-2016-2017/%24FILE/EY-business-risks-in-mining-and-metals-2016-2017.pdf accessed on 02/05/2017 Imrie B, (2011), Business Risks facing the Mining Industry, available at https://www.in.kpmg.com/SecureData/ACI/Files/Top_20_Risks_the_Mining_Industry.pdf accessed at 02/05/2017 Livine G, (2015), Threats to Auditor Independence and Possible Remedies, available on https://www.financepractitioner.com/auditing-best-practice/threats-to-auditor-independence-and-possible-remedies?full accessed on 02/05/2017 Long G, (2015), Audit Risk and Business Risk, available at https://www.cpaireland.ie/docs/default-source/Students/Study Support/P2-Audit-Practice-Assurance-Services/audit-risk-and-business-risk.pdf?sfvrsn=0 accessed on 02/05/2017 Parker A, (2015), 6 Key Threat to Auditor Independence, available on https://www.intheblack.com/articles/2015/01/06/6-key Threats-to-auditor-independence accessed on 02/05/2017 UK Essays, (2013), Threat To Auditor Independence Accounting Essay. Available at https://www.uniassignment.com/essay samples/accounting/threat-to-auditor-independence-accounting-essay.php?cref=1 Accessed on 02/05/2017

Management Consultancy Essay Example

Management Consultancy Essay What is the importance and impact of standards set by professional bodies and trade associations in the Management Consultancy industry? The principal objective of setting standards by professional bodies and trade associations in the Management Consultancy industry is for the advancement of the professions of management consultancy and business advice but also for the establishment and maintenance of the highest standards of performance and conduct by its members in the promotion of the knowledge and skills required for that purpose to be achieved. At the heart of best practices – whether in business advice, management consultancy or management in general – is the maintenance of high standards of professional conduct and competence, underpinned by the principles of honesty and integrity. These standards apply equally to personal behaviour as professional, working relationships with team members and colleagues, interaction with clients, customers, suppliers, business pa rtners and other stakeholders, responsibilities to the wider community, and responsibility to your professional Institute. (IMC, 2009) The importance and impact of standards in the Management Consultancy industry is essential as the management consulting companies provide expert advice to companies and fulfil client expectations which involve time, organisations people, environment and the client’s wishes and expectations. To achieve these there is a need of certain standards in the Management Consultancy. The Professional and regulatory bodies play three important roles (Harvey amp; Mason, 1995). The professional bodies are set up to safeguard the public and private interest. This is what gives them their legitimacy. * The professional bodies also represent the interest of the professional practitioners and act as a professional association or trade union contributing to continuous professional development. * The professional body represents its own self-interest: the organisations act to maintain their own privileged and powerful position as a controlling body. We will write a custom essay sample on Management Consultancy specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Management Consultancy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Management Consultancy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer For example, the IMCA is authorized to award the Certified Management Consultant (CMC) designation in Ireland based on strict certification requirements relating to competence, ethics and independence (IMC, 2009) Similarly, The Institute of Business Consulting provides a Certificate in Management Consulting Essentials and Diploma in Management Consultancy for members who are new to the profession or looking for formal accreditation of their skills, and the Certified Management Consultant (CMC ®) Award internationally recognised and independently awarded for more experienced consultants. The importance and impact of these professional bodies and associations is to provide the client and customer with the best of the practices as well as to save guard the interest if their members as well by: For example, The Institute of Business Consulting and the Chartered Management Institute has set up the investigation and disciplinary process for all its members to ensure the best of the professional practices are adopted. To ensure that if any information about the conduct of  a member  is not in accordance with the provisions of the Institute Code, to be investigated and appropriate disciplinary procedures are in place to deal with it. Membership of a professional body in management consultancy implies that it’s the duty of every member to fulfill their professional responsibilities by adhering to the professional standards of conduct and competence, as well as the personal values, which members are expected to exemplify. The importance and impact of standards set by professional bodies and trade associations in the Management Consultancy industry is essential to ensure that all members understand that their membership may be in jeopardy if formal notification and evidence is received implying a breach of any section of the Code. If any such complaint is received, it is subject to detailed investigation within the Institutes or association agreed disciplinary procedures. It is the responsibility of the consulting companies to adhere to the rules and regulations set up by the professional bodies and work to the highest of the standards in order to meet the best of the services by adhering to the professional competence means that undertaking only those professional services that the practitioner’s can reasonably expect to be completed with professional competence. Applying appropriate planning and supervision as required in the project keeping in the view of the standards set up by the governing organization. The most important of all is to best serve the client interest by seeking to accomplish the objectives established while maintaining the integrity and objectivity. †¢ Critically assess the professional standards demonstrated by any major Management Consultancy listed in the tables provided on the course. The main factors involved in any consultancy assignments apart from the project itself are the time, organisations people, environment and the client’s wishes and expectations. Keeping in view all of them Accenture uses the best of the practices and professional standards to meet its clients expectations. Accenture does it by: Providing strong commitment and dedication to the organisation that its consultants are working for, in order to, accomplish the successful organisational goals and objectives. At times client may not know what is important for its business in the long run, so Accenture emphasis more on the well tested methods and procedure to get improvement to client’s business. However, it educate client and tell him clearly what is in the best interest of company. Client satisfaction is most important. It is the only way of getting the business repeat and good reference for other consultancy assignments. Accenture does its best to satisfy its client. If client’s wishes are out of the scope, time or not realistic, it makes them aware to client at the start while setting the road map of project. Accenture aims to deliver only what it has promised not something that it cannot deliver. If at some stage it needs to amend roadmap it does it only with the client consent. Accenture believes that good and clear communication with client and people working in organisation is most important. It is important to maintain good relationship and influence decision during project progress. Still Accenture believes that the most important thing is finish assignment on time. Client does not want to see consultants for long time on its site. Client appreciate it that you have finished assignments on time, this also encourage client to give you next assignment and helps in building healthy relationships. The value it adds to the business against cost. However relationship with client or trust depends on the degree of your professionalism, your reputations and the amount of knowledge you educate client with. If you had good relationship with client and had trust but could not deliver project by deadlines or up to the required standards, all would be destroyed. Clients want to see results as soon as possible because he does not want his competitors to take lead or get solution of his problem when it has already outdated owing to the emergence of new trend or technology. Accenture strongly believes in building client’s trust that is if they win client trust then everything become easy; management to implementation of project. It is a guarantee to be in the business as they have a good base of clients that enables them to always remain in business. Accenture understand that ‘learn while you work’ it means that the things consultants have done in the past but there is always a way to improve. However all projects and every step in project is important for company. Accenture tries to bring all the stake holders of project on same page. They should be well focussed on achieving one objective and their interest should be well aligned. If all stakeholders are involved in the process of problem clarification, the chances of project success gets higher. As it fully reflects the problem and needs of all stakeholders, not just views of top management. So it is important that consultant not only engage with CEO but also communicate frequently with staff. As Accenture believes that the consultants have to deal with ‘people’ problems as most business problems are people problems (Stumpf amp; Longman, 2000). Every consulting assignment has a human element attached to it, even if it has highly technical contents. So again the essence of consulting is in managing relationships, it is irrespective to how technical or commercial the consulting assignment might turn out to be (Applebaum amp; Steed, 2005), to effectively use and implement your experience and knowledge, it is extremely important to build high level of trust and emotional confidence consultant and client share with one another. As good consultant- client relationship is a crucial factor in consulting process, Accenture emphasise on the social training of consultants before sending them to client site (Curnow, 2003). Lambert (1998) express it as â€Å" sometimes minimal training that inexperienced consultants are given before being set free in the client’s premises can be sales training and they can be told that their first responsibility is to look for the next assignment.. As consultant’s individual characteristics are significantly important, Accenture strongly tries to implement the required standards required for the job. †¢ Management Consultancy is insufficiently regulated. Do you agree or disagree? Why? Despite ever increasing role of management consultancy in almost all the areas of business and the consistently generation of high and growing revenues, management consultancy also consistently attracts a significant amount of criticism, both from clients, and also from management scholars. While it seems that many consultants can ‘talk the talk,’ they may not always have as much experience as is made out, particularly when it comes to responding to an actual crisis as they fail to develop plans that are executable by the client. A number of critical books about management consulting argue that there is a mismatch between management consulting advice and the ability of business executives to actually create the change suggested results in substantial damages to existing business. It has been seen due to insufficient regulation in the management consultancy the disreputable consulting firms are often accused of delivering empty promises despite of charging significantly high fees. They are often charged with stating the obvious and lacking the experience on which to base their advice. These consultants are seen to bring in few innovations, and instead offer generic and prepackaged strategies and plans that are irrelevant to the client’s particular issue. Most consulting companies and consultants fail to prioritize their responsibilities, placing their own firm’s interests before the clients. Due to insufficient regulations there seems to be a problem to deliver on the sustainability of results by most of the consulting companies. At the end of an engagement between the client and consulting firm, there is often an expectation that the consultants audit the project results for a period of time to ensure their efforts are sustainable. Although sustainability is promoted by some consulting firms, it is difficult to implement because the client does not want the consultants to stay on its site for too long and this creates a barrier between the client and consulting firm after the project closes. The consultants take a lot of feed back from lower level managers as quite a few times the upper management is not available for comments. Recommendations made some time may be misleading and often result in: . Less emphasis on clarity, internal communication and buy-in; . Consultants invest more time in learning rather then finding out a solution. . Fail to recognise that implementation planning and execution must be part of every consulting mandate . Less development of clearer governance procedures and establishing more consistent processes surrounding external consulting engagements Another criticism that comes up due to insufficient regulations is the disassembly of the business mostly by firing the employees in a drive to cut cost, the junior consultants charging senior rates, consultancies again and again selling similar reports to multiple clients, lack of innovation, overbilling for days not worked, speed at the cost of quality, unresponsive large firms amp; lack of client focus, and lack of clarity of deliverables in contracts. Almost every client expects a positive approach towards the professionalism of consultants, their understanding of the sense of urgency and motivation, and the efficacy of their communication. Despite these factors, most of the time it is seen that consultants fail to live up to that expectation and it might have a serious impact on the success of consulting projects at the organization. Client focus, clarity of objectives, deliverables and outcomes, adaptation to client readiness, up front learning about working environment, prototyping and emphasis on incremental successes, partnership with the project team and availability of the consultants for the implementation phase are all important but at times due to insufficient regulations result in outcomes but in projects rated as â€Å"unsuccessful† than successful.

Entartete Kunst essays

Entartete Kunst essays Death of Modern Art In Germany, 1937 In July 1937, Adolph Hitler's Nazi party mounted an exhibition of confiscated art called, "Entartete Kunst," meaning, "Degenerate Art." It showcased and ridiculed the work of contemporary artists such as Max Beckman, Emil Nolde, Otto Dix, Oskar Kokoschka, and over 200 others. This paper is going to cover the events that led to the exhibition and the intent to show the public the insanity, atrocity, and depravity of the modern art movement, which Hitler and his party sought to stop. Artists included in the show, many of whom are now recognized as modern masters, were depicted as demented, deranged, and sub-human. Death of Modern Art In Germany, 1937 "Our patience with all those who have not been able to fall in line is at an end. ... What you are seeing here are the crippled products of madness, impertinence, and lack of talent. ... I would need several freight trains to clear our galleries of this rubbish. ... President of the Reich Culture Chamber On July 19, 1937, the Nazi exhibition of Entartete Kunst (Degenerate Art) opened in Munich, one day after the first "Great German Art Exhibition" premiered. The result of Hitler and Goebbels cleanse of all remaining modern art held in both public and private collections in the Reich, more than 650 important paintings, sculptures and prints as well as books and musical notations were exhibited in this, the most widely seen exhibition of modern art. The exhibit was designed to ridicule and degenerate creative works of Modern Art not upholding "correct" National Socialist virtues. In the summer of 1937, Adolph Hitler created an exhibition of all the art that he personally hated. By confiscating and showcasing nearly 16,000 works of art, he sought to prove what the Nazi Party considered as "good art." Artists like Marc Chagall, Max Beckmann, Paul Klee, Kathe Kollowitz, Emil Nolde, Ernst Kirchner, Bertha Becker, Wassily Kandinsky, and Piet...

How to Write a Resume with No Job Experience

How to Write a Resume with No Job Experience Very often university graduates are afraid to apply for a job, even if they have enough theoretical knowledge in the field. The reason is that they lack work experience and think theyre not good enough for the position. Graduate students are not sure what to write in their resume, because its the first time theyre applying for a job! Therefore, some of them might need help from professional writers, others would just need to read several guides on top resources about resume writing. So what should you include in your resume if you dont have any real work experience? Here are some tips that will help you out! Academic Strengths, Achievements and Skills Write more about your education. Let the potential employer know more about the courses you took and your highest achievements on some of them. And whats more important – describe the skills youve gained at school that will be helpful in your future work. It would be better to tell more about real-life situations, when you actually applied those skills. Attach your GPA, if its high. Add the topic of your thesis – your employer would want to know. Include information about internships, summer jobs and other activities. Include all your internships and part-time jobs. Even if you worked for free, such jobs still count! Describe your main responsibilities and tasks. It would be great if you could write more about new practical knowledge you got when doing these jobs. If you worked as a volunteer – include this information as well. It will show your personal attributes better. Recommendations If you had a part-time job or did an internship, ask your employer to write you a letter of recommendation. It will be great to include some examples, when you showed excellent communication skills or leadership. Also you can ask your professor to give feedback on your studies. Professors recommendations can prove you were a hardworking student, who was eager to learn new things. Such people are great for the job! Be Specific It would be much better to write a different resume for each job opening. You can include only relevant information and needed skills for the specific job.In the title mention the position you are applying to. Your resume shouldnt be too general. You cant possibly apply to 100 jobs with the same resume, it wouldnt be impressive at all. Courses, Online Specializations and Languages Do not forget to mention your foreign language proficiency. It will make your resume look much better. Even if youre not an expert in the language and know only the basics, mention it. Also, if you have any certificates from the courses you took – include the information about them as well. Mention new skills youve got and how useful they are for the position. Write about online courses and specializations (for example Coursera) you took. Since youre writing a resume for a specific job, include only those courses which will be great for it. Personal Traits Dont include this section in your resume or make it as short as you can. No one will spend some time on reading the essay, where you describe your character. You can use a cover letter to tell more about yourself. In your cover letter you can describe the qualities you think are the most important for the employer. Are you an honest and reliable person? Or maybe you can communicate with people very well? Or youre great at time-management and can do a lot of tasks at the same time? Be specific. Layout Make sure it is not too long. HR specialists dont spend a lot of time on a resume. They see hundreds of them all the time. One page would be great. Describe only the relevant information, that will be interesting for the employer. Dont write too many general paragraphs just to compensate the lack of work experience. You need to keep everything short, so the HR could see only key info. Dont send your resume in rare formats. It would be better to use .doc or .pdf. Now you know how to write a good resume without any work experience! We would also recommend you to read our blog post on basic resume rules and step-by-step guide on writing a resume one need to follow to create a great resume. If you are a graduate student without any experience, you still can impress your potential employer. Be creative and let them see how awesome you are!