The Church Community - 1151 Words

The church has a variety of members which forms the body of Jesus Christ. There are the physical body parts, such as the hands, feet, eyes, ears. Also, the body parts on the inside of the body, which are the heart, lungs, skeleton, veins, and blood. Each of these parts function on its own, but united to serve the church community. Dietrich Bonhoeffer says, â€Å"They all have an identity of their own only as members of the body, as a community that serves in unity. The unity of the church community gives identity and meaning to each individual and to the community as a whole, Just as Christ and the body give identity and meaning to the church community.† It is the intent of the paper show the different body parts of the church that make up†¦show more content†¦Acts 6:1-6 describes how the church became an organization; when mummers started, because people felt their needs was not being taken care of. For this reason, the office of deacon was made to take care of the natural needs of the church. The same can be said for the church today. While the deacons are taking care of the natural needs of the church; the evangelist, preachers, elders, apostles, ministers, can be making disciples to do God’s work. This paper is not about deacons, it just showing one of the ways leaders of the church are freed to take care of spiritual matters, such as making disciples. Paul said in Ephesians 4:11-12, â€Å"And he gave some, apostles; and some prophets; and some evangelists; and some pastors and teachers; for the perfecting of the saints, for the work of the ministry, for the edifying of the body of Christ.† Part of the work of ministry is, making disciple to do the work of Jesus Christ. With this in mind the Church, the body of Jesus Christ have to be involved in making disciples. Rod Dempsey writes, â€Å"The church must be in the absolute middle of God’s global plan of making disciples.† Christian Community: The Christian community is made up of a body of believers. Jesus Christ went about calling on twelve men that would become His disciples; Jesus Christ and these twelve men would become the first Christian community. These twelve men followed Jesus ChristShow MoreRelatedThe Church And The Community967 Words   |  4 PagesThe Church and The Community The mission of the church, to share the message of Jesus Christ with the world, has not changed, however, culture is constantly changing forcing the church to adapt its approach to fulfill its mission. There is no specific way to reach a culture with message, as long as the message is Christ. The church and its leaders face many challenges contextualizing the message within their specific community they aim to reach. Each community provides challenges and opportunitiesRead MoreIs Heartland Community Church?919 Words   |  4 PagesIntroduction: A Different Way to Do Church While Embarking on the Path to Change the World: A Story of Heartland Community Church Remarkably, who could possibly imagined and/or even profoundly believed that Heartland Community Church would become one of the most admired Christ-centered churches in the city of Rockford, Illinois for nearly the past eighteen years. Certainly, imagining and believing that Heartland Community Church would become one of Rockford’s most admired Christ-centered churchesRead MoreCharacteristics Of A Church Community931 Words   |  4 PagesWhen we think of community one of the first things we think of is a church community. Growing up, faith was always a big part of our lives. Whether it was attending mass on Sunday’s, singing in the church choir or learning about God’s love for us in school. We always valued our faith and knew how important it was to us. That’s why we decided to approach this community as curriculum assignment from a church perspective. We all teach catechism at our local churches. Erica and Juliana teach grades twoRead MoreThe Death Of A Church Community2308 Words   |  10 Pagesrectify death; and at the same time, avoid the reality all together. Therefore, the practice of funerals is of upmost importance within the life of a church community. Through the church’s participation in funerals, people are able to develop a greater understanding Christ’s death, grow in hope of the coming resurrection, align themselves with the church of the ages, and encourage one another. First of all, death was not the original intent of God’s plan for humanity and creation. People were createdRead MoreThe Church as a Christian Community Essay1257 Words   |  6 Pagesabove the surroundings. However, the use of the word â€Å"church† to describe this buildings fall short of its original meaning, with the word indicating a body of people, joined for a specific theological purpose. Different Churches see different ways at succeeding at fulfilling this purpose. While the Church often seems antiquated in modern times, I will analyze its importance in the modern world. Finally, I will identify the place of the Church in the modern world. It is important to recognize I willRead MoreTransformational Church And Its Impact On The Community920 Words   |  4 PagesThe evidence that some church people treat the physical building more important than the members makes the authors of the book, Transformational church clarify the meaning of church or building. In t he New Testament, the Bible refers to people as the church. For this reason, is important to take care of the church (members) because is where God’s household is. It is not in the building but in each person’s body where God lives at. In this chapter, the authors talk about the importance of being ableRead MoreCommunity Service At Northview Church1063 Words   |  5 PagesCommunity Service is not strange to me because I have been doing community service at Northview Church since the beginning of my sophomore year in high school. When I saw the assignment that I have to complete 4 hours of community services, I knew that Northview church was my first choice. Northview church was found by Tommy Paino in October 1980. There were only 30 people in the cafeteria of Carmel Elementary School where they formed the church which later become Northview Church. Three years laterRead MoreStrategic Planning for the Community Church4447 Words   |  18 PagesStrategic Planning for The Community Church Walden University PPPA 8465 Dr. Ian Birdsall By Jan Guy 2/18/11 Abstract In recent years, there has been a noted decline in church attendance at The Community Church. Due to the recent state of affairs regarding the economy, health care and joblessness, many parishioners have opted to work extra days, like Sunday’s, give less in monetary donations or a combination of both. Based on these issues, it has been determined that a Strategic PlanRead MoreCommunity Church Ethics Policy : Community Churches1880 Words   |  8 PagesKBC Community Church Ethics Policy KBC Community Church, a non-denominational church, is called to worship God, teach God’s Word, reach lost souls and encourage spiritual growth for all God’s children. KBC promotes harmonious development of mind, body and spirit while preparing leaders in service for God and humanity. STATEMENT OF FAITH THE SCRIPTURES: We believe the Bible was written by man divinely inspired by God. THE TRUE GOD: We believe the Scriptures teach there is that God is the one andRead MoreChurch Leadership : The Key Community Of People1593 Words   |  7 PagesRelationships hold the keys to success Church leadership, along with teams that are sent to the mission field should work together in identifying what needs to be done for the particular community of people. A relevant example of critical caring was in a local church body. The Worship Experience team, made up of a 200+ member choir, had clearly identified a group within this church community that would care for one another in satisfying common goals, and to accomplish the task of helping people get

Legalization Of Marijuana For Medical Use - 1537 Words

Legalizing Medical Marijuana Elizabeth Vogt ENC 1101 Professor Ruppert Keiser University October 23, 2014 Abstract Many people have different opinions on the delicate topic of the legalization of marijuana for medical use. Although it could help those who suffer from chemotherapy-induced nausea and vomiting (CINV), cachexia, spasticity, pain and rheumatoid arthritis, it also has a lot of negative side effects that many doctors and physicians are trying to inform the public. Some of these negative side effects include marijuana being very dangerous when it is smoked, although that’s the most effective way to ingest the substance, it dangerously raises the heart rate, can cause mental illness, or even make current mental illness worse, and it is also considered to be very addictive with withdrawal symptoms including irritability, sleeplessness, decreased appetite, and drug cravings. Legalizing Medical Marijuana Popularly known on the streets as pot, grass, Mary Jane, or hemp, marijuana has become a recent topic of discussion in the medical field. Between some of the pubic not wanting the drug to be legalized because of its reputation, doctors wanting it to be legalized to help reduce multiple different symptoms and other physicians saying that it’s too harmful to legalize, marijuana has made its way to the ballots for the public to have their say about the topic. Cannabis originated from the dried-out leaves, stems, flowers, and seeds of the Indian hemp plant Cannabis sativa.Show MoreRelatedLegalization Of Medical And Recreational Use Of Marijuana1385 Words   |  6 PagesThe legalization of marijuana has been a very controversial topic that has everyone asking each other, is it really worth it? For many, the thought of legalizing a drug, which the government has classified as a Schedule 1 drug is, mind boggling to them. I am going to prove that the pros about the legalization of medical and recreational use of marijuana are greatly outweighing the cons. I will show with statistical evidence that legalization is beneficial in many ways such as generating higher stateRead MoreEssay on Legalization of Marijuana for Medical Use608 Words   |  3 Pages For the past decade or so, there has been a war on legalization of medical marijuana that states that patients would have to be either prescribed by their doctor, or have permission from their doctor to grow marijuana and smoke it for MEDICINAL PURPOSES. In todays world, some parents are even giving their young kids medicinal marijuana to cure there sickness. Such as Kaitlyn Pogson who is a 13 month child who suffers from epilepsy. Barry Pogson (father) decided they were going to move to ColoradoRead MoreThe Legalization Of Recreational And Medical Use Of Marijuana1237 Words   |  5 PagesThe legalization of recreational and medical use of marijuana is still a controversial social issue faced by the United States. Although marijuana was seen as a dangerous drug back in the 1900’s, research has revealed the truth about marijuana, making the drug less frightening towards Americans. Now in the year 2015, marijuana is generally more accepted by Americans and many more see marij uana in a positive manner. Although marijuana does have some negative side effects, the side effects are notRead MoreEssay on Legalization of Marijuana for Medical Uses and Hemp662 Words   |  3 PagesLegalization of Marijuana for Medical Uses and Hemp Marijuana, dope, weed, pot, these are all names for a drug that has many medical uses, but it not currently legal in the United States. Marijuana is still used extensively for medical purposes, even though it is illegal. Marijuana, when smoked, produces a chemical substance known as THC, or tetra-hydro-cannabinol. It is often used as a recreational drug, which is used to heighten perception, and relax the mind and body. In medical useRead MoreLegalization of Marijuana for Medical Use Only Essay2489 Words   |  10 Pageshas been practice worldwide. In fact, the medical use of the cannabis plant goes back at least 5,000 years to ancient China. It was used by most of the worlds cultures for its healing properties (Medical Marijuana Cases 1). Today such conditions as Migraine headaches, Glaucoma, Cancer, Epilepsy, Asthma AIDS/HIV, Spinal injury, Muscle spasms, Insomnia etc., could be treated for symptomatic relief with cannabis or cannabis extract. However, marijuana is still considered an illegal drug in mostRead More Legalization of Marijuana for Medical Use Only Essay2360 Words   |  10 Pagesintolerance ever since the mid-19th century. The medical use of the cannabis plant goes back at least 5,000 years to ancient China. It has been used by most of the world’s cultures for its healing properties (Medical Marijuana Cases 1). Today such conditions as Migraine headaches, Glaucoma, Can cer, Epilepsy, Asthma AIDS/HIV, Spinal injury, Muscle spasms, Insomnia etc., could be treated for symptomatic relief with cannabis or cannabis extract. However, marijuana is still considered an illegal drug in mostRead MoreThe War On Drugs And Its Effects On The United States1413 Words   |  6 PagesIntroduction The launching of the 1960’s brought with it a public health issue concerning the use and abuse of illegal drugs. Responding to the crisis, the US department of Justice established the Bureau of Narcotics and Dangerous drugs, which was designed to control illegal drugs, specifically marijuana. Building on the prohibition, in 1971 President Richard Nixon officially declared a â€Å"war on drugs†, which resulted in an increased federal role in the warfare by providing the federal governmentRead MoreArgumentative Essay On Legalization Of Marijuana901 Words   |  4 PagesThe legalization of Marijuana is a topic that has been discussed for many years. It has had many support as well as opposition. This topic has caused a lot of controversy over the years. In today’s society the amount of marijuana or cannabis that is being consumed is, for the most part, consumed by teens and adults. Although marijuana is an illegal drug, that does not stop people from getting a hol d of it. The use of marijuana can be for many reasons such as, socializing, obtaining a high, escapingRead MoreShould Marijuana Be Legalized? Essay1223 Words   |  5 Pagesthat the marijuana industry has had on the economies of the states which have legalized recreational marijuana use for consumers over the age of 21. Many predictions were made referring to the outcome of marijuana legalization, however, most predictions made did not foretell the actual outcome. The act of legalization in the state of Colorado has yielded many advantages in the field of marketing. With these advantages, however, come many disadvantages. This study will identify how marijuana legalizationRead MoreShould Marijuana Be Legalized? Essay1372 Words   |  6 PagesLegalization of Weed Growing up, everyone is told that, â€Å"Drugs are bad for you,† time and time again. Now as a kid you don’t really understand the reasoning behind it, but you listen to your authority figure regardless. I remember being told this my entire life and even to this very day. But as I got older I realized that people would still use drugs even though it’s illegal. I could never understand why someone would go against the law and jeopardize their life just to use drugs? The drug that

Negative Effects Of Violent Video Games - 1869 Words

Introduction Today, entertainment surrounds people through their televisions, computers, phones and video games. Essentially, video games developed into several various genres causing today’s entertainment to crave a unique experience. But, violent video games, regarded as a controversial genre, causes more negative controversy within modern society due to its glorified scenes of blood, killing, sexual context, and language than its counterparts. Not only does this minimize their favorable factors, but additionally, it generates a believable correlation between violent video games and aggressive actions. However, violent video games can produce a proactive change in health status, cooperation skills, and knowledge of various age groups†¦show more content†¦Five factors were measured in both studies that was the aggressive cognition, effect on behavior, physiological arousal, prosocial behavior, and empathy desensitization. As way to measure each individual factor on a graph the consists of box plots. There on the graph the midline determined the each category was either positive or negative. All the aggressive concepts and physiological arousal were placed in the positive while prosocial behavior and empathy desensitization diminished below the median (Anderson et al.; Prot et al.). Cooperatively Gameplay vs. Competitive The violent video games upon one player may create an aid to relieve aggressive behavior while towards two people playing together can create an uplifting behavior depending where or rather one plays cooperatively or competitively. Due to the fact that the topic of cooperation versus competition within violent video games lacks in depth research, ’ study utilized a profound game in a way to build a base for future research. In various types of video games, a cooperation option, meaning where two players may play together or compete against each other, may appear especially in first person shooters such as Halo. The study conducted utilizing a survey of prior knowledge about video game history and aggression additionally. with an experiment that used the game into different categories that consist of four randomly assigned options; direct competition, indirect competition,Show MoreRelatedNegative Effects Of Violent Video Games1895 Words à ‚  |  8 PagesHow can violence within a video game benefit the player and what differences within other types of video games demonstrated to have beneficial factors? Introduction Today, entertainment surrounds people through their televisions, computers, phones and video games. Essentially, video games developed into several various genres causing today’s entertainment to crave an unique experience. But, violent video games, regarded as a controversial genre, causes more negative controversy within modernRead MoreNegative Effects Of Violent Video Games1045 Words   |  5 PagesIntroduction Violent video games in particular are extremely popular in the United States. Many of these games are designed for adults but wind up in the hands of children. We have to ask ourselves what impact violent video games have on the adolescent brain. Two lawyers debate in the Case of Brown vs. Entertainment Merchants Association, US Supreme Court (2010). Prosecutor Steven F. Gruel argues that there is a substantial amount of evidence to make the conclusion that violent video games cause adolescentsRead MoreViolent Video Games Have Negative Effects904 Words   |  4 PagesViolent Video Games Have Negative Effects For years gaming industries have been aiming towards entertaining people of all ages, especially children and adolescents. However, the definition of entertainment has changed drastically, from playing dodge ball outside to watching and playing video games in which people pretend to annihilate each other. Video game violence attracts and addicts young players, by affecting their behavior, and their development of social skills, to even affect their abilityRead MoreNegative Effects Of Violent Video Games712 Words   |  3 PagesHave you heard? Many people are debating whether or not Violent Video Games cause kids to be aggressive and violent. While others, like myself agree violent video games aren’t the problem of violence, real-life violence is. And therefore, you should to why, because Violent Video games allow kids especially boys to let out anger and relax themselves from emotions. It also helps entertain kids. And creates less real-world aggression. Kids already know the difference between virtual and reality byRead MoreThe Negative Effects of Violent Video Games Essays1274 Words   |  6 Pagessociety, and technology. All of these improvements have brought with them positive effects. Warfare has allowed oppressed people to rule themselves; medicine has saved countless lives with vaccines and treatment programs; education of societies has allowed people to make their dreams come true; and, advancements in technology have made the previous three possible. With these positive effects also come negative effects, which are seen on a grand scale. Advancement in warfare has caused numerous deathsRead MoreEssay on The Negative Effects of Violent Video Games1892 Words   |  8 Pages Video games have been a rapidly expanding industry since their inception in the 1970s. Along with their growth have come concerns about violent video games and their effects on aggression and violence in young people. The many school shootings have pushed this issue to the forefront, since the two shooters were avid players of video games. These events brought about the question: do violent video games induce aggression in youth? That’s the question I set out to answer by looking at researchRead MoreEssay on The Negative Effects of Violent Video Games on Children1990 Words   |  8 Pagesâ€Å"Life is a video game. No matter how good you get, you are always zapped in the end† (â€Å"Video Game Quotes† 1). Over time researchers, psychiatrists, and parents have often wondered how damaging violent video games can be to the youth in society. This is an important matter to people with children in their personal lives or work environment. These games have bec ome a large risk factor for aggressive behavior in children. Researchers have been saying that video games do affect adults as well; howeverRead MoreEssay on The Negative Effects of Violent Video Games1529 Words   |  7 Pagesor what inspired these attacks on these innocent victims? This question has become an epidemic in our country. We live in a violent world and young people have easy access to it whether its on television, in music or on the Internet. But with the explosion of media entertainment in recent years, video games have come under scrutiny as to whether or not violence in video games numbs children and teens to the consequences of real-life violence. The answer to this question is yes. Young children andRead MoreViolent Video Games : Positive And Negative Effects On Children And Adolescents774 Words   |  4 Pagesgaming systems, violent video games have become well-liked by children and adolescents. The playing of violent video games has always been a controversia l topic, but in recent years it has become a heated debate. Whether the playing of these games desensitize the player or not. Video games have been around since the late 1970s, however violent video games were introduced in the 1990s. In recent years the violence in games have increased along with the enhanced graphics making the games more realisticRead MoreDo Violent Video Games Have Negative Effects On Humanity1763 Words   |  8 PagesVideo games have always been a popular source of entertainment for people of all ages that are available on many electronic devices and offer various genres. Video games were first introduced in the 1970s with simple graphic that contains only black and white images together with minimal sounds. Later on, video games have developed and come at age which are violent video games, and researchers started to find out whether there were any connection between violent video games and real-life antisocial

Homosexuality, Nature or Nurture Essay - 1911 Words

Homosexuality, Nature or Nurture? Homosexuality has become a large issue in our lives today. Gay Rights activists have been making their voices heard; this has attracted the attention of the population making them take notice of their cause. The church has not been able to get away from the powerful political and social pressure of homosexuality. Some churches have accepted homosexuality but many still do not accept homosexuals, saying it is unnatural and not what god intended of man. The church claims that what ever decision has been made, it has been done so on the basis of Christian moral principles. The Old Testament clearly forbids homosexual practices and in Leviticus 20:13 it reads:†¦show more content†¦(Gross, McIlveen, Coolican, Clamp and Russell, 2000) The question that is baffling psychologists is whether homosexuality is genetic or the result of upbringing. If nature or nurture (or both) are involved where does personal choice play a part in adopting this life style? Nature Arguments It is sometimes claimed that people can be naturally homosexual. It is thought that homosexuals possess different hormonal mechanisms, brain structure or genotype. These biological explanations may not be unrelated as genes do lay the blueprint out for hormones which in turn influence the body structure. At one stage in history it was thought that homosexuals were hormonally different. This theory was abandoned when hormone assays became available and accurate measurements could be made. (Saunders and Pickering, 1997) It was then thought that Brain structure was the cause. In 1984 evidence was found for a sexually dimorphic hypothalamic nucleus. However this did not give a link between size and sexual orientation though, so more research was needed. In 1991 it was reported that the hypothalamic nucleus was smaller in women and homosexual men than in heterosexual men. This was highly publicised but came with many criticismsShow MoreRelatedHomosexuality: Nature or Nurture811 Words   |  3 Pageswith development across the human lifespan is the theory of â€Å"Nature versus Nurture†. It is an unsolved debate that has been around for centuries. It covers a broad spectrum of topics from intelligence to emotions, or in this case homosexuality. Although homosexuality is often thought of as a trait that is â€Å"genetically determined†, many others disagree and argue that it is rather a learned behavior (Lathe, pg. 20) Is it nature or nurture that causes this so-called â€Å"abnormalit y†? Or does it depend onRead MoreHomosexuality: Nature or Nurture1209 Words   |  5 Pagestopic in present years. In Ryan D. Johnson’s online research article, Homosexuality: Nature or Nurture, an explanation of homosexuality is broken down so the world has a better understanding of homosexuals. As referred to in the title, the origin of homosexuality has been debated to be because of nature or nurture. Basically, are people gay because it’s their personal choice or is it just who they are? The idea behind nurture is that the way one was raised can eventually affect a child’s sexualRead MoreHomosexuality - Nature or Nurture Essay2535 Words   |  11 PagesHomosexuality Nature or Nurture Have you ever wondered what creates a persons sexual preference? Is it possible that their social influences and environment can lead them to certain sexual practices and same sex relationships or could it be that some people have a genetic makeup that makes it completely natural to be attracted to members of the same sex? These questions lead us to the long-lived debate of nature or nurture. Some scientists believe that people behave as they do accordingRead MoreNature vs. Nurture: Homosexuality2002 Words   |  9 Pagescause of sexuality. The whole subject is hidden in darkness’; this is a quote by Charles Darwin which illustrates the fact that your sexual orientation is unknown- this suggests that homosexuality is evolved through the upbringing and personal experiences. Many Social Theorists agree with this and they argue that Nurture is the main factor when considering the reasons behind human sexuality. They also suspect that upbringing and parental and family dy namics has a direct effect on a child s sexualityRead MoreEssay on Homosexuality as Nature or Nurture1936 Words   |  8 PagesHomosexuality as Nature or Nurture Human sexuality has been one of societys most interesting, controversial, debated, and misunderstood topics. It has been the topic of numerous books, essays, documentaries, websites, and television magazine segments. More specifically, homosexuality is probably the most misunderstood aspect of human sexuality. This is mainly due to lack of education, exposure, or just a general close mindedness. Homosexual tendencies are genetically caused, but actingRead MoreHomosexuality: Nature vs. Nurture Essay1208 Words   |  5 Pagesthat people hear about daily in the news, media, and daily lives of others, especially when it comes to the field of psychology and the nature versus nurture debate. For being as commonly debated and discussed as it is, there are many questions that come along with it: what is sexual orientation, how do people know their sexual orientation, what causes homosexuality, is it normal, is it possible to change, and can wanting LGBT, lesbian, gay, bisexual, and tra nsgender, youth to change lead to suicideRead MoreEssay about Homosexuality: Nature Versus Nurture2099 Words   |  9 PagesHOMOSEXUALITY: NATURE VERSUS NURTURE Nature; all things belong to Mother Nature; the trees, the flowers, insects, the great waters, animals, and even the human race; all following the laws of nature that we are instinctively born with. However somewhere along the line something or someone defies those laws and go against what nature intended. Whether or not this rebellion is fostered by nurture, or if there is an exception to the laws that Mother Nature has set forth is a question that psychologistRead MoreEssay about Homosexuality: Nature or Nurture?1275 Words   |  6 Pages Homosexuality is one of the most hot button issues in America today. Everyone has an opinion, some based on religious views others based on other external factors. People are afraid to talk about it because it’s something we don’t actually fully comprehend. This is because it scares people to admit they don’t know something. We need to find out if being a homosexual is something we are born with, or is it something we learn over time. Review of the Research There have been many research studiesRead MoreHomosexuality : Nature And Nature871 Words   |  4 PagesHomosexuality: Nature or nurture By: Clifnie francois Advance Placement Psychology Mr. Cuetara June 4 2015 Abstract The nature and nature of homosexuality is heavily debated. Some people believe that homosexuality is biologically determined and others believe it’s base on ones environment. This topic can be argue to be base on both nature and nurture. Studies conducted in the past decades support both the biological and environmentalRead MoreDifferences Between Homosexuality and Homosexual Behavior Essay921 Words   |  4 PagesHomosexuality (the tendency to be more sexually attracted to the same sex) is often confused with homosexual behavior (acting on homosexuality by engaging in homosexual acts), but the two are distinctly different. Even though homosexual behavior, especially in more recent years, has become an acceptable standard in our society it is a voluntary act and a sin, but the church has the ongoing responsibility and God-given call to love our neighbors, regardless of their sin because we too are all sinners

Consolidated and Separate Financial Management

Question: Discuss about the Consolidated and Separate Financial Management. Answer: Introduction: I am pleased to inform you that I have found out resolution to the accounting issues being raised by the directors. The Issue-1 relates to accounting for employee benefits which is dealt with in by AASB 119, issue-2 mainly relates to calculation of goodwill of a parent company and its accounting treatment, while the issue-3 involves problems related to accounting for income taxes which is dealt with in by AASB 112. My endeavors have been to clearly identify the issue and find out the resolution for the same. I hope that it will help the board of directors and other managerial personnel to prepare the financial statements in compliance with the legal provisions. The detailed discussion on each issue is given as follows: In the current issue the directors are worried about adverse financial performance of the company. The management budgeted profits at $1,800,000, but the actual profits expected to be earned are $1,440,000 which depicts a deficit of $360,000. The directors wish to curve out this deficit, for which they have suggested to postpone recognition of provision towards long leave service and annual leaves amounting to $260,000. The directors are of the view that non-recognition of provision for long leave service and annual leaves would bring the deficit down by a big margin. Further, the directors contend that non-recognition of the provision for long leave service and annual leaves is justified because this payment relates to future periods. In this regard, it is necessary to verify the contention of the directors by referring to the provisions of AASB 119 and the fundamental accounting concepts. The AASB 119 deals with the accounting for employee benefits which covers short term, long term, as well as post employment employee benefits. As per the provisions of AASB 119, the firm has to recognize expense in regard to paid leaves as and when the related services have been rendered by the employees (AASB 119, 2011). Thus, as the employees render the services, the payment in regard to services leaves get accrued in the hands of the firm. The fundamental concept of accrual also states that a firm should recognize all expense as and when it incurs the obligation to pay, regardless of the period in which these expenses are to be paid (Gilbertson and Lehman, 2008). Thus, there is no scope for non-recognition or postponement of the provision for long service and annual leaves. Therefore, considering the provisions of AASB 119 and the fundamental principal of accrual, it is advisable to the board of directors to make provision for whole amount of $260,000 in the profit and loss statement. Writing back the provision to the income statement will be in violation of the provisions of AASB 119 and the accounting principles (AASB 119, 2011). Thus, for the sake of improving the financial performance of the current year, the directors can not violate the legal and ethical provisions of accounting and financial reporting. In the current case, Annies Boutiques Ltd acquired 70% stake in Lucys Gallery Ltd, which brings in the relationship of parent and subsidiary between the two companies (Gia, 2009). Annie Boutiques Ltd is the parent company and Lucys Gallery Ltd will be the subsidiary company in this case. Now, the board of directors wants to recognize goodwill in regard to the investment made in Lucys Gallery Ltd. In this case since Annies Boutiques Ltd is the parent company, thus, it will have to prepare the consolidated financial statements. The consolidated financial statements are required to be presented to show the combined financial performance and position of the group as a whole (Gia, 2009). The directors are concerned whether they can recognize goodwill or not in the present case. The answer to this query raised by the board of directors is in affirmative, which means that goodwill can be recognized (AASB 127, 2007). However, the goodwill can be recognized only in the consolidated financial statements and not in the standalone financial statements of Annies Boutiques Ltd. The procedure to recognize goodwill will have to be followed as prescribed in the AASB 127, Consolidated and Separate Financial Statement. The accounting standard prescribes that the parent company will recognize goodwill or capital reserve, as the case may be, at time of consolidation (AASB 127, 2007). The goodwill or capital reserve will be computed by the parent company by comparing the carrying amount of its investment and the portion of equity in subsidiary. As example of computation of goodwill for Annies Boutiques Ltd is given as follows: Goodwill on consolidation for Annies Boutiques Ltd Particulars Amount ($) Carrying amount of investment (70% share capital of Lucys Gallery Ltd in the books of Annie Boutiques) 500,000.00 Less: Portion of Annie Boutiques in equity of Lucys Gallery Ltd (Assuming total equity of Lucys Gallery Ltd to be $400,000) 280,000.00 ($400,000.00*70%) Goodwill 220,000.00 Thus, assuming that the carrying amount of investment made by Annie Boutique Ltd in Lucys Gallery Ltd as $500,000 and the value of total equity of Lucys Gallery Ltd as $400,000, it could be observed that the parent company can recognize goodwill of $220,000. However, in this regard it should be noted that goodwill will arise only when the carrying amount of parents investment is higher than its share in the subsidiarys equity. If the carrying amount is lower, the result will be capital reserve, which is regarded as unrealized profit (AASB 127, 2007). Further, it is also advised that recognition of goodwill will not affect the profit and loss statement, thus, the contention of the directors that profit will increase after recognition of goodwill is incorrect. In the current case, the issue under consideration relates to accounting treatment of current and deferred tax in the financial statements. The Australian Accounting Standard Board (AASB) has issued AASB 112, Income Tax which provides for rule for computation of deferred tax and its presentation in the financial statements (AASB, 112). As per the provisions contained in the standard, an entity has to make provision for deferred tax liability that would arise in future. The deferred tax liability or asset arises due to the temporary differences between accounting and income tax provisions in relation to certain items of income and expenses. The temporary difference here means that the difference in accounting and income tax with respect to certain items is reversible in future (AASB, 112). In computation of deferred tax, it should be kept in mind that when company claims or income tax authorities allow an expense in excess of what has been debited in the income statement, the result would be deferred tax liability. The analogy behind this rule is that since the company has already claimed expense for income tax purpose, thus, in future years it will have to pay more taxes which give rise to liability (Delaney and Whittington, 2008). The deferred tax liability is debited to the income statement and thus, it reduces the profit figure. In the statement of financial position, the deferred tax liability is shown under non-current liability. Further, the company can also recognize deferred tax asset if it expects to get income tax benefits in the future years. However, the recognition of deferred tax asset should be with caution considering the concept of prudence (Delaney and Whittington, 2008). In regard to the current case, the directors contend that deferred tax liabilities are to be paid to the income tax authorities along with current tax, thus, these should be shown under current liabilities. In this regard, the directors are made aware that deferred tax liabilities are not paid to the income tax authorities (Delaney and Whittington, 2008). Further, the provision for deferred tax liability is made for the future payments which may arise in long term, say 4 or 5 years. Therefore, it is advisable to the directors to present the deferred tax liabilities under non-current liabilities in the statement of financial position (Delaney and Whittington, 2008). References AASB 119. 2011. Employee Benefits. [Online]. Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB119_09-11.pdf [Accessed on: 19 January 2017]. AASB 127. 2007. Consolidated and Separate Financial Statements. [Online]. Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB127_07-04_COMPjul07_07-07.pdf [Accessed on: 19 January 2017]. AASB. 112. Income Tax. [Online]. Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB112_07-04_COMPsep11_07-12.pdf [Accessed on: 19 January 2017]. Delaney, P.R. and Whittington, O.R. 2008. Wiley CPA Exam Review 2009: Financial Accounting and Reporting. John Wiley Sons. Gia, K.P. 2009. Consolidated Financial Statements in IAS/IFRS and German GAAP - Major Differences Explained. GRIN Verlag. Gilbertson, C.B. and Lehman, M.W. 2008. Fundamentals of Accounting: Course 2. Cengage Learning.

Alcoholic Anonymous free essay sample

Alcoholic Anonymous has the implication of a fellowship whose membership is composed of both men as well as women sharing a common experience, their potential strength as well as hope amongst themselves, in an anticipation of resolving a problem of recovery or retreat from alcoholism to which they are addicted. To fulfill the requirements for membership into the group, no financial contribution is required since the group is self supporting and sustained through the contributions that they make amongst themselves. The only requirement of a potential member is a history of addiction to alcohol and a strong desire to quit the drinking habit. The fellowship is not part of a particular sect, political group, institution, sect or any organization and avoids any form of involvement in controversial issues as well as the expression of the endorsement or the opposition of any cause. The main objective underlying the existence of the group is to lead a life of soberness as well as making efforts of assistance to other alcoholics interested in a life of soberness (Allen, 2000). It was not until I visited the meeting organized by AA that I discovered the potentials underlying our ability to quit alcoholism. By visiting club 24 which accommodates around 400 members with sits arranged strategically to face the story teller, the first sign of welcome is coffee as well as several other snacks meant for self service, as one reads the posters displayed on the wall advocating against smoking, vanity language as well as a highlight of the 12 steps that are essential to follow in the process of quitting alcoholism. The atmosphere outside is even more encouraging to meet the purposes of the meeting since there is a presence of a residential house for a family, a shopping centre, a school of an elementary level beautiful streets with buses of MBTA in operation, all serving the purpose of planting a negative altitude towards drinking especially after attending the meeting, since there is no bar around Initially there is a sense of nervousness anxiety and lack of confidence as one thinks that the alcoholic weaknesses inherent in a new member are noticeable, but with the progress in the meeting a sense of self confidence is cultivated. The entire group is very cohesive and ready to cooperate in sharing ideas about past experience in alcoholism. From the knowledge gained, redemption from alcoholism requires psychological curative measures. Most of the members had dented faces that indicate the agony underwent in their previous drinking habits to which they regret. In the group every member is a contributor of ideas and there is no bigger person than the other. For the purpose of comprehensive circulation of ideas members are organized in subgroups whose contribution is later shared among the entire group. The group meetings usually precede the entire meeting by the whole group.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The highly noticeable issues in the meeting were the effects of alcoholism addiction including depression , degradation of the self worth of the individual, thinking as well as attempting to commit suicide   interdiction from the workplace leading to a breakdown of the family loss of family members through road accidents resulting from drunk driving, incidences of divorce as well as custodial sentences due to acts committed under the influence of alcohol, among many other undesirable actions as well as incidences. The importance of the existence of the fellowship and the main of the meetings that are held is for the purposes of ending the stigma that an individual is a real alcoholic and the mental as well as the body resemblance to other individuals. This situation is the basis of a drinking career bearing the characteristics of countless attempts but all in vain aimed at the justification of our potential drinking ability that is similar to that of others. For each existing abnormal drinker, there exists a great obsession idea about a day in the future that a control of the drinking habit will be achieved to the capacity of enjoying drinking (Johnson Chappel, 2004).   The meetings are responsible for the full concession of the fact of alcoholism as well as addiction to the deepest self of the individual as an important and primary step towards the process of recovery. At the same time the individual learns about the difference that is in existence in relation to other people. All the alcoholics, both men as well as women usually their potential ability for the control of the drinking behavior and majority of the real alcoholics seldom recover the actual control. The alcoholics at times develop a feeling that recovery is on their way, and a sense of control has been regained. However this situation are usually brief intervals that are latter followed by much less degree of control, a situation that makes the individual to express a sense of pity upon oneself as well as being demoralized to an incomprehensible degree. This leads to the notion that alcoholism status may progressively lead to the illness of the individual. The situation progresses towards the worse and never retreats to better (Bell, Montoya Dayton, 2006). Alcoholics resembles men whose legs have been chopped of which regrowth is an impossibility, just as a particular kind of treatment is never forthcoming. The experimental treatment though to reverse alcoholics and make them resemble the ordinally man with regard to the available approaches have not been fruitful. Some of the remedies that are imagined to work has brought temporary recovery that is later overtaken by a worse relapse. It is the belief of the expert physicians that the addicted alcoholics cannot find a way out of the addiction irrespective of whatever kind of a physical treatment. It is only science that is thought to posses the potential for this liberation although no step has so far been made towards the achievement of the objective (Johnson Chappel, 2004). The unfortunate thing about the deep alcoholics is their tendency to deny that they are actually deeply sunk in this class, and only makes the efforts of exempting themselves through self deception as well as experimentation and therefore labeling themselves non- alcoholic. If for heavenly sake an addicted alcoholic can adopt the right way of drinking in a gentleman way, the blame would be off the individual. For the purpose of the redemption from alcoholism, addicted alcoholics experiment on a variety of techniques. The commonly practiced ones include; drinking one brand of beer only, consumption of limited amount of drink, drinking in a company, avoiding early drinking, restricting drinking at home, absence of a drink inside the house, abstinence of drinking during the hours of active business, drinking only for the reason of an occasion, consumption of natural wine only, among so many others Conclusion It was evident from the facts arising in the meeting that majority of the alcoholics have suffers depression leading to attempts of suicide. Others had to use other drugs such as cocaine while others financed heavily some programs aimed at redemption from addiction. The successful redemption from this condition is a result of self worth as well as self esteem the contribution of AA is of immense to the society for its role in the act of cleansing the people who have lost they worth and esteem, a condition that may lead to the death of the individual. The families that were torn apart due to alcoholism cherish the contribution of AA for the restoration of glory in their homes. The contribution of AA reveals the medical as well as the non medical cure for alcoholism. References Allen, J. P. (2000). Measurement of the treatment process in Alcoholics   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Anonymous.   Stanford:   Stanford Univ. Press. Bell, C., Montoya, I. D., Dayton, C. A. (2006). The motivation towards treatment   Ã‚  Ã‚  Ã‚  Ã‚   of drug abuse. CA: Mt. View Press. Johnson, N. P., Chappel, J. N. (2004). Using Alcoholic Anonymous more   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   effectively. New York: Prager Publishers

Retail Banking Corporations or Other Bbanks

Question: Discuss about the Retail Banking Corporations or Other Banks. Answer: Introduction: Retail Banking is also known as Consumer Banking, retail banking is the provision from which banks provide services to its individual customers but they did not provide any services to companies, corporations or other banks. Banks offer services to its individual consumers such as transactional accounts, mortgages, personal loans, debit cards, and credit cards.People believe that traditional banking failed, because new banks provide better services and products to its customers. Banks changed their products and services, so that they can meet the customer satisfaction, regulatory requirements, technology, entrance of new competitors and changing economics. Many options are available for banks through which they can respond the change such as framing future strategies, follow the change faster, react defensively to the change, and put off the change. Banks do not have the option to stay the same, it is necessary that they made changes in their model. For future growth it is necessary that banks also focus on the innovations and transformation, if they only rely and execute on todays development then they are not able to meet future expectations of their customers. It is necessary for future growth that financial institutions open their door, and prepare themselves for adopting the different changes (PWC, n.d.). From the last few years there are many changes taking place in retail banking industry. In other words, retail banking industry is transforming because of powerful forces. Presently it is difficult to achieve growth for the retail banking industry because it is hard to bear cost and low ROI. For retail banks customer satisfaction, effective management of operations isbecome challenge, and rapid changes in technology become these challenges difficult to achieve. Many new banks are also become challenges for traditional banks because these new banks attracting the customers with new and innovative techniques. Demands of customers are increasing and they are now demanding services of higher level. Bank executives at global level said that for future growth it is important that they prepare strategy and market view to survive. 70% executive thinks it is important to prepare for future, and less than 20% feels that they are prepared for future. It is important to identify the problems and threats that retail banking industry going to face in future, and also prepare plans for that (The financial brand, 2016). In this paper we discuss and critically analyze the changes appear in retail banking related to service quality, branch infrastructure, and electronic banking services. We also critically evaluate US Bank on the basis of these issues, and how this bank deals with the problems that are building in the banking market. Later we comment the growth of bank in terms of profit and asset size. This paper contains the evaluation of problems faced by retail banking industry in future, and how banks are prepared themselves to deal with these problems in future.At last we conclude the report with the brief conclusion. Retail Banking: Financial services industry experiencing major changes because of changes occurred in customer behavior, increasing expectations, modification of technology, and digitization of society and businesses.Many external forces become the reason of changes in retail banking industry. Global financial crises also effect the regulations which regulate the retail banking industry but there are many other factors which change the banking environment. Technology plays the most important role in these changes, and it also gives new definition to the relationship of bank and customers. Technology not only becomes the reason of changes but it also gives many new opportunities to this industry. As we all know threats always follow the opportunities, and many new threats are also introduced in this industry. For the traditional banks the biggest threat is nontraditional banks. 55% of the bank executive said that nontraditional banks are threat to traditional banks. Banks are hungry for growth, and they are adopting various ways to attract the new customers. For next two years the major challenge faced by banks are attracting new customers. However, banks already recognized that customers relation are key to success, and they are focusing on strengthen their customer relation. Service quality provided by banks becomes the top priority for banks at global level. For US and European banks top challenge is to comply with the changing regulations. According to Grant Thornton,personal current accounts (PCAs) are the source which provides highest interaction with customers as compared to other financial products of the bank. Almost 50% transactions are conducted in branches of bank. Therefore, it is important that while forming strategies for customers, bank does not neglect PCAs and other branches because these two are the platforms which provide growth in sales. He further states that solutions which are used yesterday are not useful for future problems (Thornton, 2013). In US, comply with the regulatory standards is the priority for retail banks, and they are stabilizing their balance sheets. It becomes difficult and challenging for traditional banks to deal with the microeconomic and geopolitical environment at global level, which are joined by the rapid change in technology and changing in requirements of customers. In this we evaluate US bank, nationally chartered bank which is regulated by Office of the Comptroller of the Currency, Department of the Treasury. U.S. Bancorp is the parent company of U.S. bank national association. U.S. Bancorp is the holding company engaged in providing American financial services. U.S. bank is the fifth largest bank in United States (US bank, n.d.). In this we evaluate this bank on the following bases: Service Quality: Service means those actions which create and improve relationship between the organization and customers. Service is the benefit that was offered by one party to another party.Service is intangible and does not pass any ownership. Service is the activity which is economic in nature, and this process is conduct to provide satisfaction to the customers. Therefore, services provided by retail banks are considered important because itcreates and strengthen the relationship between bank and its customers. There is awell known fact related to customer satisfaction that it is hard to satisfy the customer but it is very easy to lose their satisfaction. Customer satisfactions not only retain the customer but also help the banks in attracting new customers and increase their market share and profitability (Zungu, 2012). In retail banking industry the most important factor for customers is service. For growth in banking industry it is necessary that bankfocus on giving high quality services to their customers because service quality meets various objectives such as customer satisfaction, trust of customers, help in attracting new customers, and increase the share in market and profitability. Service quality can be evaluated by calculating the difference between customer expectations and actual services provided to customer. For future growth it is important for banks that they attract new customers, and service quality is the weapon which is used by banks to attract and retain customers. It is necessary for the banks to identify the expectations of customers, and after that meet these expectations by making changes in service process and strategy. The most important factors for meeting the expectations of customer is identify the service expectations of customers (VasanthaKumari Rani, n.d.). In US, big banks improve their services to satisfy their customers, while midsize banks are still fighting to reach that level, and regional banks still not showing any progress in this field. Big banks take various steps to meet their customers expectations such as new digital and innovative techniques; they strengthen their personal interactions with their customers, and establishing connection with that segment of population which shows growth. Banks are trying to satisfy their customers in following six areas that are information related to account, facilities providing to customers, fees, how effectively problems are resolved, and by offering different products to customers. They are also providing number of other facilities that is ATM, braches, IVR,mobile, website, and call centers to resolve problems (J.D. Power, 2016). Customer satisfaction is the challenge faced by both public and private sector banks, and it is handled on priority by both the sectors. A study shows that expectation of customer varied as per the service nature. Measurement of customer satisfaction through surveys helps the banks in improving their services. The most important expectation of customers from banks is keeping their investments safe and keep confidentiality of their account and transactions. It is also important that banks work on those areas also which are weak in meeting customer expectations. This service is the most important service that banks are providing their customers, because if customer is satisfied then this will help banks in making profit and reputation (Muyeed, 2011). US bank are the first one who provides banking services in villages, small towns and growing cities across the nation in the 19th century. Now US bank is focusing on the future of the company by developing a business model which is well diversified, arisk management policy, and strategies to achieve results of the company. U.S. Bank National Association is the fifth largest commercial bank in the united nation, and the assets of bank almost cost $354billion on 31st December 2012. U.S. Bancorp which is the parent company of U.S. Bank National Association is the admired superregional bank in the nation. This bank is recognized for its strong performance in financial aspects, risk management, capital generation,for the quality of its products and services to its customers. This bank provides large number of services to its customers, businesses, government and other financial institutions. The primary businesses of US bank are its regional consumers, business banking and management services related to wealth. At the end of 2012, 3084 banking offices were operated by companies and almost 5065 ATMs in 25 states, US banks is one of the oldest bank of nation which is operating under its original charter, and this bank has almost 66000 employees (US Bancorp, 2013). US bank provide number of services to its clients such as private client group. In this approach customer get support from team of professionals who provide number of strategies and valuable advice to the customers. In this approach customer gets easy access to professionals, efficiency of work and confidence. This team of professionals is directed by relationship manager, and this team provides: Number of products and services to its customers. Customer can access their accounts by their phones. Transactions can be done online or in person. Comprehensive Wealth Management Services: These groups also focus on providing Comprehensive Wealth Management Services, and design such financial plans that relates with the financial life of customers. There are a large number of services which are offered by these groups such as online banking, investment management, trust and financial planning from the management of US Bank, U.S. Bancorp investments provide services related to insurance services and financial planning. They provide every possible service to their clients, and tried to fulfill financial goals of the customer and simplify their financial life (US Bank, n.d.). Following are the services provided by the US bank: Investment strategy- investment strategy is based on the process that is advisory and basically depends on understanding the goals of clients, assessment of risk and tolerance of risk, and time frame. After considering all these factors experts frame the strategy for their client. The main goal of expert behind framing the strategy is to achieve the long term results and minimizing the risk of client. Options are provided by US bank for investment are Individual stocks, Managed portfolios, Mutual Funds provided by other fund companies, and other investments related to fixed income or Bonds (US Bancorp, n.d.). Trust Administration- from many generations US bank is creating and providing trust to its customers. The Private client group offers many trust services to its customers, and the professionals of these groups handling trust issues of their clients related to financial and emotional matters very well.Professionals of these groups always try to create and maintain that trust, and they provide best services by trust administration. The services provided by the trust administration of US bank are Revocable and irrevocable trust administration, Estate administration, strategies related to Charity, planning regarding business succession, and management of risk. The trust professionals also serve to their clients as agent, co. trustee and corporate trustee, and they also take responsibility for carrying out the terms related to trust. If professional are working as trustee or agent then they work in the best interest of client by managing the portfolio of investment. They work as a professional portfolio manager who designs best asset allocation strategy according to the investment objectives of customer (US bank, n.d.). Private Banking: The private banking relationship manager of private client group will provide personalized services to their clients. US bank provide number of variety in customer services and products to manage the money of their customers. Such service includes: Checking the accounts of their clients, saving the money market accounts, and CDs with number of flexible rates and returns. Services provided by professionals like custom financing which are designed by the professionals of group to meet the tax liability, liquidity, and situations related to cash flow. They also provide services related to finance related to special purchases, funding for stock option exercises, credit cards and limit of credits. Real estate lending which also includes customized financing (US Bancorp, n.d.). Insurance services- the private clients group offer number of strategies for fulfilling personal and professional needs of person. These insurance strategies includeplans that provide protection to the personal and business assets of client. These offers provide life insurance, disability insurance, and long term care insurance that helps to the clients during their life changing events. For businesses it includes protection related to person, insurance for business continuation, and executive benefits (US Bancorp, n.d.). After considering all above facts, it is clear that quality services for customers are the key to success and growth of business. Branch infrastructure: In 1970, some basic cores facilities were provided by the banks to their customers, but in last few years there is ahuge change in the infrastructure of retail banks. Now banking industry provides platform that will provide multichannel facilities to their customers. Due to digitalization, the banking sector face number of changes and after 2012 many new changes have introduced such as online banking, social networking, online payments, and mobile banking. These changes are necessary for the growth and success of retail banks, because now customers are demanding more facilities and convenience related to banking products, services and banking infrastructure. For developing the platform which provides better services to customers it is necessary that banks simplify their current structure, ensures data consistency, and also ensures integrity of various processes. The banking industry face number of changes because of these new elements, and number of organizations which are not relate d to banking sector are integrated in retail banking chains (Capgemini, n.d.). Retail banking industry already converted from traditional business into digital business because of accessibility of broadband and affordable devices such as smart phones. 50% customers at global level are doing their banking transactions through online banking or mobile banking especially in countries like Australia and Nordic countries, and 85% in case of ATMs because ATMs are also connected through internet. In this world of digitalization, there are number of banks which are still running their banks in traditional manner and far away from digitalization. In this era, there are five essential traits which are required by the banks for success and growth in the future: Different digital experience for customers- Retail Banking industry have number of new technology such as mobile banking, online, newinternal process, but now banks which are actually customer centered are developing new physical and digital ways to make banking easier for their customers. For example Commonwealth Bank of Australia (CBA), introduced new mortgage schemes, and banking products to help their customers in buying new home. Such experiences create those platforms which add value in the reputation and success of banks. Therefore, it is necessary that banks not only follow the customized ways but also create new ways to satisfy their customers (Fellows Mabanta, 2008). One market at a time- now it is necessary for banks that they achieve the goal of providing services anytime, anywhere and anything for their future success. For achieving these goals banks opt for different ways and methods such as some banks are shrinking their branches and some are opening new branches. Overhaul the technology platform to simplify customers lives- achieving the IT capabilities becomes the competitive advantage for those banks which invest in technology. Traditional infrastructure which is not updated by many banks becomes the immense problem for those banks. Some basic facilities are operating by the customers on their mobile or online, but many transactions like for transferring funds in some other countries, customers still move to branch. There are some new innovations for bank which must be addressed by retail banks such as joined customer data which help in create file of customer data, single file for customers so that employees can check that file, and technology that help in one and done process. Fund the transformation by leaning out the legacy- funding the investment is the major challenge for the retail banks in this changing era. Banking industry istrying to freeing up funds by making their process, organization and products simple. Banks also adopt new to ways to minimize their transaction cost such as by making many transactions online, and other methods to reduce the cost are process automation, reduce the staff by redesigning the branch, and by avoiding the bad volumes, and streamlined sale processes. Organize to speed up innovation and change- number of changes is introduced in banking industry by way of digital transformation and new technology. Many traditional banks are adopting these changes but in slow manner which result in low rate of success (Baxter Vater, 2014; PWC, 2012). Branch infrastructure of US bank: according to Jason Witty, CISO of U.S. Bancorp, government took the right decision under Barack Obamas leadership that almost $3.1 was proposed on plan of retire, replace and modernize the legacy information technology within government. MR. Witty Tells CIO Journal says that outdated software is insecure, and further said that criminals always try to find new softwares to exploit the technology. Outdated softwares are of no use now and they did not serve the purpose to their vendors. Outdated software also played important role in high profile breaches by government that happens last year. It is necessary that government update their IT systems because out dated IT systems are insecure. In case when computer is secure but it switched off and start after 30 days then it will be no longer secure becausesoftware is not static now. This happen because of new viruses, every day almost 70000 new viruses are hitting the internet, and there are number of new holes developed by criminals. Therefore, it is necessary that banks update their infrastructure and technology to avoid such things (King, 2016; US Bancorp, 2011). Electronic Banking Services: For large number of people electronic banking stands for access to cash for 24 hours either through ATM or through direct deposit of paychecks into current or saving account, but there is lot more in electronic banking. Now electronic banking involves many different transactions, rights and responsibilities. Electronic banking also known as electronic fund transfer, and funds are transferred by use of computer and other technology instead of paper or checks. EFTs can use by cards or codes that authorize the person to access the account (Pacific, 2015). There are number of financial institutions which use these ATM, debit cards, and personal identification number while some other institutions use signature or scan. Now banks convert the simple purse into electronic purse. In the era of using plastic card, electronic purse is the next landmark or development.Electronic purse is basically based onsmart card which stores information on its microchip. A person can upload cash on this smart card either through ATM or telephone terminal which is specially adapted only for this purpose. Smart card represents the sale point and its value automatically gets decreased by the amount of transaction.Following are the EFT services provided by financial institutions: ATM- these are the terminals which can be accessed electronically at any time, and these terminals can be used for the purpose of withdraws of cash, depositing the cash, and transfer funds to another bank account. A person can access these services by insert his ATM card and enter pin. Some banks charge fees for that, especially when person dont have account with them (Federal Trade Commission, n.d.; Standard chartered, n.d.). Direct deposit- these deposits authorize the person for specific deposit such as paychecks, and other benefits on regular basis in account. Through this person can authorize direct payment of bills such as mortgage amount, gym, insurance amount are paid automatically through account. Pay-by-phone- this system authorize aperson to instruct the bank to pay some specific bills or transfer funds to another account, but it is necessary that person must have agreement to make these transfers with the banks. Personal computer banking- this type of banking lets you help in handle number of business transactions by using the personal computer. For example person can transfer the funds between accounts by using his personal computer. Debit card- this card help in making payments through account at the purchase place, and this card can be the ATM card also. Transaction can be placed through online, person or mobile phone. It is necessary that person has sufficient funds in his account while making purchases (Edgewater bank, n.d.). US Bank provide number of services which can be availed electronically by their customers. There are number of Electronic services which are provided by US Bank are: Manage money online- customers can manage their money online, and control their finance through online banking. Its become easy for customers because they are able to operate their account online. Customers can do many things through online banking such as:Customers can monitor the status of their account, and can access important information about their accounts like check balance and status of recent transactions.Customers of US bank can transfer the money through their US bank account to other bank account.They can set the alerts of low balance in their account or any payment due.Customers can view and print their account statement of US bank for last 7 years, and can track their transaction to manage their account (US Bank, n.d.).Pay bills- US bank provide another service to their customers that is online payment of bills. Customers can pay their bills inminutes through their account in US bank. Following are the services which customers can availed:US Bank customers can pay thei r bill on time and in easy manner. They just have to instruct their bank who to pay and how much to pay through online mode.Bankprovides service of fast payment that is payment of money either on same day or overnight.While making payments online person can control his account always, and he can cancel or edit the payment when it is in process (US Bank, n.d.).Deposit check online- now person can deposit his check in the account through online. It is easy and secure way to deposit the check whenever or wherever you want. All just aperson needs camera on mobile phone or scanner on computer. There are two ways to deposit the check online that are: Customer can deposit their check online with the help of camera on mobile device.Customer can deposit their check through computer with the help of scanner (US Bank, n.d.).Send money- a person can send money through his US bank account to any other bank account in United States. It is the free, fast and safest way of sending money (US bank, n .d.). US Bank provide 24 hour support to their customers through their new online tools, high level of security, and 24/7 phone support and personal service at 3000 branches. US bankprovides number of new services and get online banking on next level. Problems faced by retail banking industry in future: In this we discuss the challenges faced by retail banking industry in near future, and the five threats faced by banking industry. These five threats plays important role in shaping this industry. Following are the five threats in near future for banking industry: Expansion of security market- in last few years banks enjoy cheap funding on amount deposited by customers, but when European Banks start to shrink their assets which are risk weighted, and their capacity of lending remained constrained then company move towards capital market and raise more money from capital markets. This same situation is also held in US. In US, the portion of house hold assets that was held in currency or deposit will start falling between the periods of 1990-2012. This change result in increasing funding cost for banks at that time when they are trying to make savings. New rules created by new entrants- new entrants in retail banking industry are enjoying success and growth in this industry. During the period of 2010, Metro bank registered almost 9000 current accounts, and in 2014 the figure boosts up to 318,000. There are number of online banking sites which compare the banks, and help the customers in choosing the best value making bank. These sites point out all the pros and cons of banks and this become difficult for banks to hide their weak points. Technology is reinventing services offered to customers online and mobile banking shows rapid growth, and it is assumed that by 2020 the value related to other alternate payments are equal to cards. According to research many customers does not consider any value related to mobile banking, but research also conduct that those customers who use mobile banking are more loyal to it. Google Bank PLC? Technology experts companies can enter into this industry, and then it becomes difficult for existing banks to compete. Experts think that this threat is misunderstood and if these technology expert companies launch their banks then they face abig scrutiny from investors and regulators (Delloite, 2014). There are some other challenges also which are very common in todays era and those changes reflect increased expectations of customers from banks, profitability of banks are not enough, there are number of financial technology companies which entered into this market because of which competition gets tough for existing banks, and pressure from regulatory environment is really high (Schubert, 2015). Therefore, it is necessary for banks that they act fast in this changing era, and adopt the change as soon as possible. Last few years, we see rapid changes in this industry and this change put pressure on banks to change their process so that banks can adopt these changes more quickly. Those banks which are not adopting the changes quickly will leave behind in the race of success. Adopt changes faster does not mean that banks execute their strategy faster rather its about framing the strategy faster. In traditional banks decision making process is slow but it is necessary for future growth that they make their decision making process faster. Conclusion: In this report, we discuss the future of retail banking and different aspects of retail banking by evaluating the US Bank. First, we stated the meaning of retail banking which was also known as Consumer Banking, and it is considered provision from which banks provide services to its individual customers, but not serve anything to companies. This report contains three aspects of retail banking that are: Service quality- this aspect of retail banking is the most important aspect and it helps the organization to create and improve relationship with customers. It is considered as benefit offered by one party to another party. Service is not in tangible form and it does not pass any ownership. In banking industry, the most important factor is service for customers. For success and growth, banks must focus on providing high quality services to their customers. Branch infrastructure- this industry witnessed many changes from last few years and especially after 2012 many new changes have been introduced such as online banking, social networking, online payments, and mobile banking. For the purpose of success and growth of banking industry these changes are necessary because now customers want more facilities and convenience in their day to day life. Therefore, it is necessary that bank develop platform which provides better services to customers by simplify their current structure, and also ensure data consistency. Electronic banking- generally, electronic banking is the direct access to cash for 24 hours either through ATM and direct deposit of paychecks into current or saving account. Electronic banking includes more things in its ambit such as ATM, debit cards, electronic purses, Credit cards, etc. different transactions and rights and responsibilities are stated in EFT. After these aspects we discuss threats faced by banking industry in future and those threats are Expansion of security market, New rules created by new entrants, Technology is reinventing services offered to customers, Google Bank PLC, and there are some common threats also faced by banks that are expectations of customers from banks, profitability of banks are not enough, there are number of financial technology companies enter into this market because of which competition gets tough for existing banks, and regulatory pressure. Therefore, for survival and success of their organization, banks must change their structure and services as per new requirements of customers, and also adopt these changes as soon as possible. Banks which are making changes in their structure as per requirements will leave behind in the race of success. At last we conclude that if banks are not ready to face these challenges in future then this become restraint in their growth and success. References: PWC. Retail Banking 2020 Evolution or Revolution. Retrieved on 17th November 2016 from: https://www.pwc.com/gx/en/banking-capital-markets/banking-2020/assets/pwc-retail-banking-2020-evolution-or-revolution.pdf. The Financial Brand, (2016). Retail Banking 2020: Evolution or Revolution. Retrieved on 17th November 2016 from: https://thefinancialbrand.com/56988/retail-banking-strategy-2020/. Thornton, G. (2013). Retail Banking: An Evolving Landscape. Retrieved on 17th November 2016 from: https://www.grant-thornton.co.uk/Global/Publications%20thumbnails/Retail%20Banking%20-%20An%20Evolving%20Landscape%20Email%20Version.pdf. US bank. About U.S. Bank. Retrieved on 17th November 2016 from: https://www.usbank.com/en/AboutHome.cfm. VasanthaKumari, H. Rani, S. Customer Perception of Services Quality in the Retail Banking Sector. European Journal of Business and Management. Vol 3, No.3 J.D. power, (2016). Improved Technology and Better In-Person Interactions with Millennials Drive Historic Performance Improvement among Nations Largest Retail Banks. Retrieved on 17th November 2016 from: https://india.jdpower.com/press-releases/2016-us-retail-banking-satisfaction-study. Muyeed. (2011). Customer Perception on Service Quality in Retail Banking in Developing Countries - A Case Study. International Journal of Marketing Studies. Vol. 4. US Bancorp, A Strong Future, Retrieved on 17th November 2016 from: https://media.corporate-ir.net/media_files/IROL/11/117565/AR_2012/index.html. US Bank. The Private Client Group. Retrieved on 17th November 2016 from: https://www.usbank.com/investments-wealth-management/the-private-client-group.html. US Bancorp, The Private Client Group : Investments. Retrieved on 17th November 2016 from: https://www.usbank.com/private-client-group-investments-wealth-management/investments.html. US Bancorp, The Private Client Group : Trust Administration. Retrieved on 17th November 2016 from: https://www.usbank.com/private-client-group-investments-wealth-management/trust-administration.html. US Bancorp, The Private Client Group : Private Banking. Retrieved on 17th November 2016 from: https://www.usbank.com/private-client-group-investments-wealth-management/private-banking.html. US Bancorp, The Private Client Group :Insurance. Retrieved on 17th November 2016 from: https://www.usbank.com/private-client-group-investments-wealth-management/insurance.html. Capgemini. Simplifying the banking architecture. Retrieved on 17th November 2016 from: https://www.capgemini.com/resource-file-access/resource/pdf/simplifying_the_banking_architecture_2015.pdf. Baxter, M. Vater, D. (2014). Building the Retail Bank of the Future. Retrieved on 17th November 2016 from: https://www.bain.com/publications/articles/building-the-retail-bank-of-the-future.aspx#sidebar. Fellows, M. Mabanta, M. (2008). Banking on Wealth: Americas New Retail Banking Infrastructure and Its Wealth-Building Potential. Retrieved on 17th November 2016 from: https://www.brookings.edu/research/banking-on-wealth-americas-new-retail-banking-infrastructure-and-its-wealth-building-potential/. PWC, (2012). Rebooting the branch: Branch strategy in a multi-channel, global environment. Retrieved on 17th November 2016 from: https://www.pwc.com/us/en/financial-services/publications/viewpoints/reinventing-branch-banking-network.html. King, R. (2016). The Government Needs to Modernize Infrastructure to Improve Security: U.S. Bancorp CISO. Retrieved on 17th November 2016 from: https://blogs.wsj.com/cio/2016/02/16/u-s-bancorp-ciso-jason-witty-says-the-government-needs-to-modernize-its-infrastructure-to-improve-security/. US Bancorp, (2011). Construction Begins on Chicago's Pullman Park with U.S. Bank Financing. Retrieved on 17th November 2016 from: https://phx.corporate-ir.net/phoenix.zhtml?c=117565p=irol-newsArticle_pfID=1608070. Federal Trade Commission. Electronic Banking. Retrieved on 17th November 2016 from: https://www.consumer.ftc.gov/articles/0218-electronic-banking. Edgewater bank. Electronic Banking. Retrieved on 17th November 2016 from: https://www.edgewaterbank.com/serviceselectronicbanking.aspx. Standard chartered. What is electronic banking. Retrieved on 17th November 2016 from: https://www.sc.com/ng/electronic-banking-terms-conditions.html. Pacific, (2015). Electronic Banking Services. Retrieved on 17th November 2016 from: https://www.westpac.com.fj/pacific/content/documents/499781_PAC140_1215_ONLINE_final.PDF. US Bank. Manage Your Money online. Retrieved on 17th November 2016 from: https://www.usbank.com/online-banking/manage-your-money-online.html. US Bank. Manage Pay Bills. Retrieved on 17th November 2016 from: https://www.usbank.com/online-banking/billpay.html. US Bank. Deposit Checks Online. Retrieved on 17th November 2016 from: https://www.usbank.com/online-banking/deposit-checks-online.html. US Bank. Send money. Retrieved on 17th November 2016 from: https://www.usbank.com/online-mobile-banking/send-money.aspx. Delloite, (2014). Five threats to retail banks. Retrieved on 17th November 2016 from: https://blogs.deloitte.co.uk/financialservices/2014/09/five-threats-to-retail-banks.html?utm_source=Mondaqutm_medium=syndicationutm_campaign=View-Original. Schubert, J. (2015). 4 Top Challenges Facing The Banking Industry Right Now. Retrieved on 17th November 2016 from: https://www.digitalistmag.com/industries/banking/2015/08/27/4-top-challenges-facing-banking-industry-right-now-03352186. Vennli, (2016). 8 Challenges for Retail Banking and What to Do Next. Retrieved on 17th November 2016 from: https://vennli.com/8-challenges-for-retail-banking-and-what-to-do-next/.

Your Ideal Roommate Essay Example For Students

Your Ideal Roommate Essay I think Id want someone who was really intelligent and was after the meaning of life. Someone whod had insights that I hadnt who could really bounce ideas back at me in a conversation. Someone who wasnt afraid to break with the norm and who didnt care if he was a nerd. Someone with a subtle wit that most people would need to think to laugh at, but who could appreciate and indulge in obvious humor and silliness. Someone whose musical tastes were all across the board, and who didnt really care whether his tastes were considered overly popular or even overly eclectic. Someone who was conscious enough of his own mind to catch himself doing something out of insecurity or the need to please, or arguing for his own idea without heed to holes that had been cut in it. Who, in that situation had finally learned to throw aside an injured ego to embrace objectivity? And of course, as I knew I would, I am describing a clone of myself. I think I would be exhilarated to meet this clone, I think if he were male we would be immediate best friends, and if she were female we would be lovers. In the end however, I would not be as close with this person as with someone with more differences, whose sense of humor was different, or whose taste in music was very centered. The clone and I would immediately tell each other everything, and in that way achieve a sort of superficial closeness, the closeness of not having to have worked to get close, and not having to have dragged out details and facets of anothers personality. People need to make projects out of each other, need to feel they have worked to get whatever they want in order to really enjoy the spoils. Just give me someone really intelligent and let us shape each other. We will write a custom essay on Your Ideal Roommate specifically for you for only $16.38 $13.9/page Order now Words/ Pages : 321 / 24

American Government Journal Topics

American Government Journal Topics Journal topics can be another method  for students to learn about American Government. The following topics can be used in Civics and American Government courses: Democracy to me means†¦An alien has just landed. Explain to that alien the purpose of government.Identify a need in your school that you believe should be addressed. Write in your journal what changes you believe should be made as if you were presenting this to your principal.Describe what you believe life would be like in a dictatorship.What questions would you specifically like to ask the President of the United States?Taxes in this country are†¦If I could add an amendment to the constitution it would be†¦Capital punishment is†¦Which is more important to your daily life: local government, state government, or federal government? Explain in our journal why you answered as you did.The state of _____ (fill in your state) is unique because†¦I consider myself (republican, democrat, independent) because†¦Republicans are†¦Democrats are†¦If you could step back in time, what questions would you ask the founding fathers?Which Founding Father or Foundin g Mother would you most like to meet? Why?What three words would you use to describe America? Explain how you plan to participate in government as you grow older.Public opinion polls are†¦Imagine that the school board has decided to eliminate your favorite program from school. For example, they might have decided to do away with art classes, band, track and field, etc. What could you do to protest this move?A president should be†¦

Concert Critique # 1 Essays - Accompaniment, African-American Music

Concert Critique # 1 Essays - Accompaniment, African-American Music MUL 2380 M W - 7:05p 8:20p 10/28/2015 Concert Critique # 1 On October 2, 2015, The Jazz Station in Homestead hosted a unique and spectacular jazz concert playing the Afterglow Party. The performance was primarily a display for Harmonic Laboratory, a collection of artists situated in Florida International University. The concert was located in the Hult Center Lobby and featured works from several promising musicians who came up with an assortment of unique musical combinations. This was an ideal chance to witness an extensive diversity of music, which for the beginner jazz enthusiast, was wonderful. However, it was not only the music but also several different works of art that made this show successful. The ambiance in the Hult Center Lobby was largely responsible for the success of the jazz concert. The management had installed dim lighting and added the sensitive touch of a candle on each table that gave the whole concert a romantic feel. Although the Hult Center Lobby was packed with revelers and artists, the atmosphere was generally peac eful and soothing. There was likeability and effortlessness in the way each of the performances took place. One of the spectacular aspects of this performance was the addition of Harmonic Laboratory. The performance by this group was tremendously enjoyed because it seemed easier to listen and analyze the music. The first song that the group played captivated the whole crowd while the second performance was equally entertaining. Immediately the first song began, I realized they were singing several familiar tunes. In the music, I managed to grasp a basic right hand melody being played that gave the piece a lighthearted sound. The next showcase was a quartet with a tenor sax, the piano and trombone. This performance could be categorized as my favorite performance in the whole event. The music had a supernatural and mystifying tune achieved by playing with minors. There was a strong prominence on the antiphony aspect (call and response) particularly at the start of the music. Using minor notes and keys generated conflicting noises occasionally in the process of the performance. In this quartet, the audience was given the privilege of viewing all the instruments on stage including the tenor sax, the piano and trombone. One skill the saxophone player was particularly adept at was the repeated use of sequential chords instead of the conventional ringing (arpeggios). The piano player would also play a strong tune simultaneously and then simmer down gradually. There was undoubtedly a rough feeling to this performance. The song would have made a convincing soundtrack for a James Wan movie such as Saw. This music had everything an accomplished jazz song should have and I was beside myself with satisfaction and admiration. Towards the conclusion, the music gradually developed its climax and then it abruptly ended. The next performance was the whole group Harmonic Laboratory and involved all the instruments on stage. The song began slowly and disorganized but soon picked up into the conventional stay rhythm that is common to jazz. The trombone began and followed by the trumpet and lastly, the piano. This blend and the way the music was played gave off a genuinely depressed feeling. The sound was somewhat gloomy. The two instruments were also competing with each other and kept overlapping and increasing in volume. In between the pauses, the leader of the group casually talked to us, and he kept us engaged as they prepared the next set. The song entitled What a Wonderful World by Louis Armstrong was played by a quartet having a drum set, a bass guitar and piano. The drum set started the piece and applied exceptionally strong kicks and snares to stress the melody. The bass guitar joined in a little later with a rougher accent after which Jeremy Schropp finally kicked in with the piano. All the players used a 4/4 time with a temporary interjection by the bassist who resorted to chords one and three using the right hand. The music was unquestionably a combination of soul and blues. It had strong beats and ostinato (repealed bass lines) that made most of the audience starts to nod their heads and tap their feet. Towards the conclusion of the song, the piano started to get more dominant

Audit Expectation Gap

Audit Expectation Gap Definition and structure of the audit expectation gapIn today's growing world of business, we see organizations reaching heights and falling dramatically. In last 100 years, the size of the companies has grown multiple folds and so is their list of stakeholders, especially investors. A huge investment in the past years is seen on the corporate governance activities to ensure a good image of the company. Auditing being a legal obligation for the companies now, ensure that the financial reports of the company are without any material misstatement and frauds. Reports presented by the auditors work as an assurance for the investors and other stake holders. However, in recent years, while many corporate scandals and collapses, that were associated with auditors' fraud and negligence, have been unveiled, the auditors' legal liabilities became the bone of contention in almost every country. Auditing being an expensive activity is performed till a limited extent, best possible ways are imple mented to avoid any chance of leaving the problems in the financial reports, but despite everything, things go wrong and probably would continue to be the same way.English: Verner after his 1940 election as Vermont...We will find laws in every country to safeguard the interest of an auditor and the stakeholder as well. In this relation, there is seen an increase in the number of lawsuits filed against the auditors in the recent times. This gives us an indication that the investors are not satisfied with the way auditing firms are operating and or they are not producing the desired results. The atmosphere around and the job profile creates a necessity for the auditor to know its legal duties, so that they can discharge their duties properly. On the other hand, in case of the investor or other stakeholders relying on the audit reports, we will see a lot of misperceptions...

How to Study for SAT Subject Tests 5 Expert Tips

How to Study for SAT Subject Tests 5 Expert Tips SAT / ACT Prep Online Guides and Tips Are you taking an SAT Subject Test soon and want to know how to be well prepared on exam day? You've come to the right place! In this guide, I explain everything you need to know about how to study for SAT Subject Tests, including which exam(s) you should take, the five most important steps for preparing for a Subject Test, and additional tips to help you maximize your score. This guide can be used to help you prepare for any and all of the 20 different Subject Tests offered, so let’s get started! Introduction to SAT Subject Tests Before we get into how to prepare for SAT Subject Tests, let’s go over some basic information on them. SAT Subject Tests are meant to measure your knowledge and skills in a specific area. This is in contrast to the ACT and regular SAT, both of which assess multiple subject areas.Some colleges require or recommend that you submit Subject Test scores when you apply to that school so they canget a better idea of your academic abilities. Each SAT Subject Test is an hour long, has 50-95 multiple-choice questions, and isscored on a scale of 200-800. SAT Subject Tests are offered several times a year, on all the same dates as the general SAT except for March. This means that SATSubject Tests are offered in the following months annually: May June August October November December However, not every Subject Test is available on every date. Check out our guide to learn the exact dates each Subject Test is offered.In most cases, you can take up to three Subject Tests in one day. Which SAT Subject Tests Should You Take? Before you can begin preparing for SAT Subject Tests, you need to decide which ones to take. The College Board offers 20 different SAT Subject Tests infive main areas. Here is the full list: English Literature History US History World History Languages Chinese with Listening French French with Listening German German with Listening Italian Japanese with Listening Korean with Listening Latin Modern Hebrew Spanish Spanish with Listening Mathematics Mathematics Level 1 Mathematics Level 2 Science Biology E/M Chemistry Physics The most important factor when deciding which Subject Test to take iswhat the colleges you’re thinking of applying to require or recommend. Some schools want you to take Subject Tests in the area you plan on majoring in, whereas others want one Subject Test score from Math/Science and another from Literature/History to show that you’re well rounded. In addition, some schools require or recommend only one Subject Test score, whereas others expect two or three. Be sure to research this information before you begin studying so you don’t end up preparing for and taking a Subject Test you didn’t actually need to take! The other factor to consider is which subject areas you are best in and/or enjoy the most.For example, if you did well in your chemistry class at school and need a science SAT Subject Test, you might want to consider the Chemistry Subject Test. Finally, it’s often easier to do well on Subject Tests that are closely related to classes you've already taken, especially AP classes. If you just took AP World History and studied a lot for the AP exam, you might not need to do much studying at all in order to prepare for the World History SAT Subject Test, especially if you take it in May right after your class ends. How to Study for SAT Subject Tests After you’ve figured out which SAT Subject Test you’ll be taking, follow these five steps in order to prepare for the exam. These steps cover everything you need to do from the time you begin studying up until test day. Step 1: Take an Initial Practice Test One of the first things you should do istakea full-length practice exam for the Subject Test you’re planning to take.Once finished, complete and score your practice exam to see how well you did. For more tips on how to find high-quality practice exams and how to take a practice test most effectively, check out the "How to Use Practice SAT Subject Tests Effectively" section below. Aim to get higher than the average score for that SAT Subject Testfor the most competitive school you’re applying to.You can sometimesfind average Subject Test scores on the admissions page of a school’s website. If you can’t find this information, though, consider contacting the school directly. You can also check outthe average score for each Subject Test. Ourguide shows you how well test takers do on each SAT Subject Test. But ifyou’re applying to a particularly competitive school, you’ll likely have to aim higher than just the average test score depicted on the chart. Try to aim for the top 25% of test takers, or even the top 5% if you’re applying totop-tier schools. Step 2: Decide How Much You Want to Study Once you have your practice test score, see how far it is from the goal score you’re aiming for. If your practice test score is pretty close to the score you’re hoping to get on the real Subject Test, you might only need to do light studying between now and the exam. If you have some ground to gain, you’ll likely want to do some more serious preparation. Keep reading to find out exactly what you'll need to do. Step 3: Gather the Materials You Need Now, it’s time to start gathering the materials you need to prepare for your SAT Subject Test.Study materials can include class notes as well as review books specifically focusing on the Subject Test you're taking.There are a lot of review books out there, but some of the most popular are those produced by Barron’s, Kaplan, and The Princeton Review. The College Board also offersofficial study books for some of the more popular Subject Tests, such as Math Level 1, Math Level 2, US History, and World History. However, these books are mostly just practice exams and explanations of answers as opposed to thorough content reviews. Visit the College Board's online store for a full list of SAT Subject Test study guides(or scroll down to the next section!). Alternatively, you might want to buyThe Official Study Guide for All SAT Subject Tests, which (as you probably guessed) providesan overview of the Subject Tests, quality practice questions, and one full-length practice test per exam.At present, the book sells for around $10 on Amazon. Finally, we at PrepScholar have created specific study guides to help you prepare for the Biology, Chemistry, Literature, Physics, US History, and World HistorySAT Subject Tests. Step 4: Create a Study Plan Developing a prep plan is important because it helps you commit to study times and track your progress.Try to set aside the same time to study each week, such as 2-4 pm on Sundays or 5-6:30 pm on Tuesdays and Thursdays.This will make it easier to remember when to study and allow you to plan other activities around your prep sessions. You should also set weekly or monthly goals you hope to accomplish. This will help track your progress and ensure you’re where you need to be. Example goals include things such as "I want to understand properties of functions by the end of the week," or "I want to raise my score 20 points by the end of the month." Be sure to also schedule time to take practice tests and track your progress. Ideally, you’ll take at least two practice tests before the real deal, with one at the beginning of your studying and one at the end. If you’re studying a lot or over a long period of time, you might want to schedule one or more additional practice tests during the middle of your studying. Step 5: Start Studying! Now, it’s time to get down to business and begin studying! When you’re reviewing material, your best bet is usually to use your prep book as your main resource,and use your class notes for any topics you want more in-depth information on. Trying to review all your class notes for a subject can be very time consuming and possibly not that helpful if your class didn’t focus on the same topics the Subject Test focuses on. Prep books, on the other hand, are specifically designed to focus exactly on what the Subject Test covers.Below, we give you more information about how to use practice tests as well asfinal tips for studying for SAT Subject Tests. How to Use Practice SAT Subject Tests Effectively Practice tests are one of the most important tools in helping you reach your SAT Subject Test score goals, so you want to use them wisely. These three guidelines will help you do just this. Stick With High-Quality Tests Your practice test results are only as good as the quality of the practice test itself.If your practice test isn’t very similar to the real Subject Test, you won’t be getting an accurate idea of how well you’re scoring or what skills you should improve. Practice tests from the College Board are the best sources to use since you can be sure they’ll give you a good idea of the real exam. As I mentioned above, the College Board'sThe Official Study Guide for All SAT Subject Testsincludes one previously administered exam for each of the 20 Subject Tests. So if you’re planning to take multiple Subject Tests, this is a great resource to use. There are also official prep books for the seven following SAT Subject Tests: Math Level 1 Math Level 2 US History World History Chemistry Biology Physics Unofficial practice books that are still high quality include those produced by Barron’s, Kaplan, and The Princeton Review. There are other resources out there, too, so it can help to go to a bookstore and flip through a few books or read online reviews to decide which resource is best for you. Take the Test Under Real Test Conditions In order to get the most accurate idea of where you're currently scoring on your SAT Subject Test, you need to make sure your practice test conditions are as realistic as possible.This means taking the test in one sitting, timed (each Subject Test is an hour), and with no distractions. Track Your Progress Tracking your practice test scores over time is one of the best ways to see whether and where you’ve made improvements. Almost every practice test has instructions on how to calculate your score, but if you get confused, you can alwayscheck out our guide for a review.Unlike the general SAT, for SAT Subject Testsyou lose a fraction of a point for each question you answer incorrectly, so too many random guesses could very well bring down your score. Here's how scoring works for Subject Tests(all the Subject Tests except the foreign language tests have five answer choices. Foreign languages tests have four answer choices): You get 1 point for each correct answer. A fraction of a point is subtracted for wrong answers: 1/4 point is subtracted for five-choice questions. 1/3 point is subtracted for four-choice questions. 1/2 point is subtracted for three-choice questions. No points are deducted for questions left blank. If yourfinal score is a fraction, it's rounded to the nearest whole number - 1/2 or more is rounded up; less than 1/2 is rounded down. If you aren’t improving as much as you want to, try using different prep resources or changing up the way you study. It might be helpful to focus more on taking practice tests, study at a different time or day, or use other study methods such as flashcards. 3 Tips for Getting Your Best SAT Subject Test Score Now that we've thoroughly covered the basics of how to study for SAT Subject Tests, here are three advanced tips to helpyou get your best score. Know Your Learning Style There is no one-size-fits-all study plan, and the best way to see the results you want is to use your learning style to your advantage.Maybe you’re a visual learner and need to see diagrams, charts, and images for the information you’re learning to sink in. Or perhaps you’re an auditory learner and learn best with audiobooks or podcasts. You might already know what your learning style is, but, if not, try out different methods of studying and see which work best. You can also alter the day of the week, time of day, and length of time you study to see if that makes any difference. Don't Passively Study It might be easiest to let your eyes drift over the pages you’re studying, but this rarely gets you the results you want.Try to make your studying as active as possible. This might mean drawing diagrams, making flashcards, having a friend quiz you, or even just pausing every few minutes to review what you’ve read and ensure you’re actually retaining the information. The less passive your studying is, the more likely you are to see significant improvements. Zero In on the Areas and Skills You Need to Improve When preparing for an SAT Subject Test, make sure you’re spending most of your time on the areas and skills you need to improve the most. If you’re studying for the World History Subject Test and are solid on European history but struggle with Asian history, don’t spend an equal amount of time reviewing Europe and Asia. Instead, you’ll want to spend more time focusing on important Asian events, periods, and people, and only come back to Europe for a quick, occasional review to make sure you still remember everything. By spending the majority of your time on the areas where you have the most room to improve, you’ll likely see score improvements more quickly. Summary: How to Study for SAT Subject Tests If you want to get top scores, you have to understand how to prepare for SAT Subject Tests.Follow these five steps in order to be well prepared for any Subject Test: Take an initial practice test Decide how much you need to study Gather the materials you need Create a study plan Start studying! Additionally, remember to use your practice tests effectively, practice active studying, and focus most of your time on the areas you need to make the biggest improvements in. What's Next? Wondering how to register for an SAT Subject Test? Our step-by-step guide walks you through everything you need to know to get started. Which is more important: AP tests or SAT Subject Tests? Learn how the two tests compareand which examsyou should spend more time preparing for. Not sure whether to take the Math Level 1 or Math Level 2 Subject Test? Our guide explains the differences between the two exams and helps you decide which one to take. Need a little extra help prepping for your Subject Tests? We have the industry's leading SAT Subject Test prep programs (for all non-language Subject Tests). Built by Harvard grads and SAT Subject Test full or 99th %ile scorers, the program learns your strengths and weaknesses through advanced statistics, then customizes your prep program to you so that you get the most effective prep possible. Learn more about our Subject Test products below: