Identify And Describe Types Of Business Entities Business Essay

Identify And Describe Types Of Business Entities Business Essay Business can be defined as an organization that provide goods and services to others, who want to do or need them, when people think of business careers, they have to think of job in large wealthy corporation, there are wide verity of career areas in business line. Definition of business Entities: Business Entity is an organization that possesses a separate existence for tax purposes. Some types of business entities include corporations and foreign corporations, business trusts, limited liability companies, and limited partnerships. Types of Business Entities; A business entity is the vehicle  a person or group of people use to carry on a trade or activity. There are fore main type of Business Entities, sole trader partnership limited liability partnership limited liability company reference:- http://www.completeformations.co.uk/companyfaqs/business_entities/types.html Business entities are the things that are stored and maintained by a business component, such as customers or orders. It may be helpful to think of business entities as the nouns in the application. Entities always contain data, and may contain processing capabilities that can act on that data. Each of these business entities has its own particular benefits and its own set of drawbacks, such as limited liability ease of set-up and the level of bureaucracy, which is required to run them When choosing a form of business entity, compare the tax, liability and management impacts of a sole proprietorship, corporation or flow through to see which will work best for your arts / crafts business. Reference:-http://artsandcrafts.about.com/od/startingyourbusiness/tp/compareentities.htm Note; The structure your business assumes is important in determining your limitations and liabilities. Depending on the type of structure you choose, additional paperwork may be necessary to establish the business, may your accountant help you to decide what type of business structure best fits your needs. Q2) Describe the Accounting Process in the terms of a) Recording b) Analysing c) Interpreting Financial Data Ans: Accounting Process: Accountings process is an overview of the step of the accounting cycle, beginning with a transaction and ending with the closing of the book and reversing, book keeping is the actual recording of the companys transaction, The recording process in accounting is the process of summarizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger. The process of Recording transction in the journal is call journalizing. http://wiki.answers.com/Q/What_is_the_recording_process_in_accounting When the accounting process is complete a set of financial statements is issued. Financial statements are crucial for investment decisions, tax assessments, and conflicts resolution, Analysing a transaction grant reliance and relevance to the financial information, accounting information must be reliable and relevant, When analysing transactions the following questions should be posted and answered: 1) what are the accounts involved in a transaction? 2) What are the classifications of the accounts involved? Are they Assets, Liabilities, Owners Equity, Revenue, or Expense accounts? 3) Are the accounts increased? 4) Are the accounts decreased? http://www.bellaonline.com/articles/art48482.asp Business transactions are events that have a direct economic impact on an entity and are expressed in terms of money. Interpreting performance of the business to the management and its owners, The purpose of financial accounting statements is mainly to show the the financial position of a business at a particular point in the time and show the how the business is going on, Financial information is always prepared to satisfy in some way the need of various interested parties, The process by which accounting information is collected,reported interpreted and and actioned is called finacial manegment, Q3) Explain the term Accounting and the 3 purposes discussed earlier Ans:- Accounting is a business discipline that allows companies to record, analyse and retrieve critical financial information that can be used to determine a companys financial status and provide reports and insights needed to make sound financial decisions, The primary purpose of accounting is to identify and record all activities that impact the organization financially, that will help the various external and internal parties of the business to appraise the profitability as well as the solvency of the business. The three main financial statements that are prepared for the purpose of accounting information are as follows http://www.ehow.com/about_4679149_purpose-accounting_. Him There are three purposes of accounting, the first one is to make sure the that all you have everything that you need to run a successful business that include that you have the right stock, which is recorded its means keep stock the business, The second purpose of accounting is for score keeping its meaning is to make sure the business has the right stock to make profit,,, Third purpose of the accounting is to analysing the information about the business profit and lose, to help the business direct area, where is the best profit can be made, For example; to buy the things that sale the most to make the business profit The above three purpose of accounting are important to run your Business, Q4) Describe the range of Organisational Structures Ans: Organisational are a variant of types of Entities. An organization can be structured in many different ways and styles, depending on their objectives and ambience, Organizational structure allows the expressed allocation of responsibilities for different functions and processes to different entities such as the branch, department, and individual. Individuals in an organizational structure are normally hired under time-limited work contracts or work orders, or under permanent employment contracts or program orders. Director Manager Assistant Manager Front Line Staff Main Staff For example another diagram. Board of Director Chief Executive General Manager Financing Manager Front Line Staff Finance Administration General Line Staff This is a diagram about organisation and structure in business. Q5) Explain the importance of budgeting Ans; Importance of Budgeting. You dont have to over spend, to keep control of your finance shows that you dont over spend. If you spend you going to debt, it means business loss. So you have to control your budgeting in business. It also has record keeping that records how much money you have. If you dont control budgeting your business will not grow successfully. It is also to keep better control of all your finances so that you can buy the right amount of stock which will earn the business a better profit and keep the business going for longer. It helps to keep agreements on all your money for longer periods, for example if you keep a budget plan for 5 years then you have control of not spending the profits that you make. End of assignment

Louis xiv :: European Europe History

Louis xiv Louis XIV gained power for himself and his national government through absolutism. Absolutism is unlimited power in government and society. In government to be an absolutist the king would have unlimited power in all forms of the government such as the legislative, judicial, executive, and revenues. As an absolutist Louis would have unlimited power in the society by controlling the economy and church. To control the church he would follow the divine right of kings, which goes along with absolutism, and be a figure to the people that is spoken through by God. That way the people would follow the king, believe what he says, and consider him sacred. Thomas Hobbes worded best what would happen if absolutism did not come into effect in his book 'The Leviation'. Louis perfected the machinery of government of which he imposed his will on France and made himself the subject of his subjects' loyalty. To accomplish this he organized civil services, reorganized the military, improved the econom y, and greatly expressed his power. Louis' first step was to expand the civil services. He staffed his government with men who would obey him w/out question. Instead of filling the position with nobles, he appointed advisors drawn largely from the middle class. This way the people only had claim to what the king gave them and could take away. He kept the reins of he government firmly in his own hands and didn't let the nobles get a chance to overpower him. He made it so that all the decisions made were his decisions. Louis proposed to expand the activities of the central government. He in practice and theory became the master of his kingdom. The number of state servants grew enormously. The amount of state servants that used to be at 600, in the beginning of his reign, grew to 10,000. A new kind of royal officials appeared. They were called intendants; they gathered information for the king and supervised the enforcement of his decisions. They brought a new kind of order to France. One of the most significant features of the new order was the reorganization of the French army. Michel le Tellier and his son the Marquis de Louvois were responsible for the reorganization. The two men created not only a fighting force bigger than that of any other country in Europe, but also a military establishment with a pyramidal structure of responsibility and authority.

Why slavery was abolished

There are many things that have created slavery but also many things to abolish it. Historians have identified a number of factors that contributed to the abolition of slavery, but here are the most important ones that I will talk about in this essay; middle class whites, black slaves, working class whites and economics. The white middle class people played a huge part in the abolition of slavery. William Wilberforce was a highly respected MP; he played a huge part in the abolition by forming a group opposing slavery. He campaigned by making lots of speeches and studied the terrible conditions on board the slave ships. Granville Sharp was a surgeon in east London, when he met a slave named Jonathan Strong. Strong had been whipped and badly beaten by his master David Lisle. Sharp took him to hospital where he recovered. Strong was working as a healthy messenger boy when Lisle had him recaptured. When Sharp heard of this, he took Lisle to court to regain Strong his freedom. Sharp won the case and it got him a lot of good publicity, which Sharp later used, for his further campaigns. William Pitt was a prime minister at the time and he also heavily opposed slavery, he got parliament to make the law that to improve conditions on the plantations in the West Indies but unfortunately this had very little effect. Josiah Wedgwood was the younger son of Thomas Wedgwood. Josiah created a plaque to try and change people's minds about slavery, the plaque was of a black slave in chains and around the sides read: ‘Am I not a man or a brother?' This saying helped abolish slavery because it made people realise that slaves are human beings and are men or brothers not cargo. He also joined with Thomas Clarkson and Granville Sharp to form the society for the abolition of the slave trade. It was not just the middle class whites but also the working class whites too, they signed thousands of petitions to abolish slavery and in 1814 1.5 million people signed a petition. Lots of speeches were made after work outside on the streets. Usually there would be huge groups of workers all gathered round to hear debates. After the law in 1807 abolished the slave trade, middle class whites still kept on protesting until slavery was abolished altogether. Slavery was also abolished because the money that was being made from it was decreasing rapidly. Adam Smith who was an economist said that slaves who are forced to work for free would put very little effort into there work but if they had something to be motivated by like a pay check they would want to work harder for more money, this results in better business because more work is being done. As time went by places apart from the West Indies, started producing sugar. Places like Cuba and Jamaica made their sugar very cheap and did not have slaves to do the work. This forced a lot of the British sugar plantations in the West Indies to close down, which brought a reduction in the demand for slaves. The black slaves themselves also took upon there human rights and helped to abolish slavery. Lots of black slaves who worked in Britain started to demand wages from their owners and to be treated like normal servants. Some slave owners would have taken this badly and the slave would have been beaten. This would have only caused the slave owner more trouble by being taken to court by his slave so the slave could fight for his/her freedom. The slave would do this by getting help from someone like Granville Sharp. In every case the judges made a different decision each time because the judges did not want to seem biased. The black slaves who worked in the sugar plantations in the West Indies, did not have the chance to go to court so they rebelled! One of the biggest rebellions was at the British plantation of St Domingue; the slaves killed their owners and set fire to all the sugar canes. British troops were sent out to stop them but the slaves defeated them. This made the British see how badly the slaves wanted freedom. Olaudah Equiano probably had the biggest impact on the abolition of slavery. He was a slave who brought his own freedom and wrote his autobiography on his past experiences as a slave. This turned many people against slavery and Olaudah soon found he working with the likes of Wilberforce. He also helped slaves gain their freedom and brought cases like the zong to the public's attention. Some people like Elizabeth Heyrick only played a small part in the abolition but they still got something done. In 1824 Elizabeth Heyrick published her pamphlet immediate not gradual abolition. In her pamphlet Heyrick argued in favour of the immediate freedom of the slaves in the British colonies. This was different from the official policy of the anti slavery society that believed in gradual abolition. The leadership of the organisation attempted to stop information about the existence of this pamphlet and William Wilberforce gave out instructions for leaders of the movement not to speak at women's anti-slavery societies. At the conference in May 1830, the anti slavery society agreed to drop the words â€Å"gradual abolition† from its title. It also agreed to support Elizabeth heyrick's plan for a new campaign to bring about immediate abolition. The following year the anti slavery society presented a petition to the House of Commons calling for the â€Å"immediate freeing of newborn children of slaves†. As you can see slavery was abolished for so many reasons but what I think the most significant are a combination of the middle class whites and Olaudah Equiano. These were what I think the most important factors where because firstly the middle class whites like Wilberforce where very highly respected people and were the sort not to be ignored at parliament. I think especially Wilberforce because him being an MP meant that parliament would listen to what he had to say which they would not do with a working class white for example. Olaudah Equiano played a big part because he spoke about slavery from a personal experience and when something as bad as the horrific tales of slavery has come straight from a person who has experienced it has a greater effect rather then if it came from a MP who had not experienced it.

Police And Its Reputation - Free Essay Example

Sample details Pages: 2 Words: 674 Downloads: 4 Date added: 2019/03/29 Category Society Essay Level High school Tags: Police Brutality Essay Did you like this example? Police Brutality In our current climate due to the polices actions, they have earned a bad reputations. Some of their actions are beating up innocent civilians, not following laws, and how times have changed. Now people are scared of the police because of what they have done and now civilians do not feel safe whenever they are around them. We should not be afraid of police, as we should now. Everyone now a days are now afraid of the police because of recent stories of them brutally beating innocent and unarmed civilians. On the website, there is also a video that shows the police brutally beating up an innocent civilians. The policemen are suppose to help protect and serve the state instead of beating up civilians that have done nothing to deserve that. The innocent civilian was on the phone outside, when a cop pulled him to the side and slammed his head to the wall. When his head was slammed against the wall, three other cops were there and they also helped beat up the civilian. This is one of the actions that the police have done in order to get the bad reputation. Don’t waste time! Our writers will create an original "Police And Its Reputation" essay for you Create order The police are setting a bad example. The law says to do specific things in a specific way, and what to do and what not to do. The police thinks because they are part of the law, they believe that they can not follow laws, like for example, you can not have an electronic out while your driving, yet they have a laptop opened, or their phones out. The police are suppose to set a good example so everyone can follow the laws. Laws are made for a reason and that is a good reason why everyone should follow them. Another way of the police breaking laws, is having possession of drugs. They believe that they can get away with having their own possession of drugs because they are cops, therefore they are breaking the laws. Another reason is using their lights just to get rid of traffic. They use their lights so they do not have to wait for the light to turn green, they simply turn on their lights, so everyone can move out the way so they can pass. Times have changed from how it was back then and now. Police would spend hours talking a shooter or a gang member to step down and to quit doing what their doing. But now the police thinks that the only option they have is to just start pulling triggers. Now that they believe that every time they are in danger, they believe that they should start killing people without any consequences. Some of the other changes that happened are when there are shootings, police used to run away from it, but now they run towards action so they can take control of what is happening. The police should be able to not leave the last result to ending a life when they can change that person to do better. Cops should start going back to their own ways to start talking to the person doing crime, rather than killing them. Often times the cops mostly take away black lives. Some policemen are good cops unlike others. I believe that not all cops are the same, some cops can be nice or mean depending on their mood. Cops are a way of letting people know that they are there to help, and they should know that they will be safe. Cops are a way of protecting life and making sure that in every way possible, that everyone is safe. People now believe that all cops are the same because of other cops actions, people are now afraid of cops because of what they might do. In conclusion, cops do not follow laws, they brutally beats civilians, and over the times when times have changed, cops changed. Police brutality is a very bad thing because the police are supposed to protect and serve instead of brutally beat innocent civilians.