...a. Financial process management and control is improved with automation. IFRS transition offers a classic opportunity to exploit the benefits of ERP. The inherent value of consolidated transaction management and reporting systems becomes clear in a financial data conversion process. The ledger and subledger systems (where core data resides and feeds the GAAP-based GL) are the sources of the data conversion process. In the same way that ERP efficiently consolidates large volumes of financial and operational data for management visibility and reporting, companies can leverage the ERP system to consolidate multi-GAAP reporting for IFRS conversion. b. Financial information management is improved with a streamlined global chart of accounts. Comprehensive financial data management that includes financial controls, transparent reporting, and audit and security management is embedded in ERP systems like Epicor. A globally standardized accounting regimen will reduce the time and resources required to provide manual conversions still seen today. Combined with the consolidated financial resources of ERP, a globally streamlined chart of accounts under IFRS c. Teams work together to efficiently achieve a common objective. Internal best practices developed over many years of project and program management are immediately valuable to the IFRS transition project. Costs escalate, time and again, when companies extensively outsource these competencies or abdicate internal program management...
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...is to view that the US GAAP should adopt IFRS. I will provide benefits and costs of the SEC's adoption of IFRS which I think will be a beneficial situation to corporations, investors and auditors. Although the SEC continue to support IFRS, it currently does not allow U.S public entities to use IFRS on our major stock exchange. The SEC has been reluctant to adopt IFRS standards for decades. The IFRS has been working with all countries to harmonize their standards. The goal is to use a single set of enforceable global accounting standards that will unify the reporting of corporations worldwide. The IFRS standards are principle based and simplified. This makes it easier to follow than that of US GAAP; therefore, IFRS is the more convenient choice and should be adopted. By adopting IFRS Corporations will be able to trade goods and services worldwide without local governmental pressure and rules. This will minimize transaction costs to US companies, which leads to lower prices, an increase in competition and highly satisfied customers. Businesses will be able to present financial statements on the same basis as their foreign competitors, which will increase comparability between the company’s financial positions. Another benefit for US Corporation doing business as many entities multinational is that it limits the reporting to IFRS, which will increase consistency and transparency in its reporting. By using IFRS to replace GAAP and IFRS, combined, however, people argue that the...
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...Table of Contents Table of Contents 2 Table of Authority 2 Statement of Jurisdiction 2 Question Presented 2 State of the Case 2 Facts 2 Procedure 2 Summary of the Argument 2 Standard of Review 2 Argument 2 Table of Contents Table of Authority Statement of Jurisdiction This court has jurisdiction to hear this case under Texas Government Code § 22.220, which authorizes appellate review of all civil cases within its district or county courts. Question Presented In Texas, adoption by estoppel is proven when the adoptive parent agreed to adopt the child and the child conferred benefits on the parent. Kim Griffin agreed to “raise [Elliot Griffin] as one of her own” and acted accordingly. In addition, Elliot spent significant money and time in handling Kim’s estate after she died. Did the trial court err in deciding that there is no genuine issue of fact in this case as a matter of law? Statement of the Case Procedural History: Plaintiff-appellant Elliot Griffin, brought suit against defendants – appellees, Amber Griffin, Lester Griffin, and Steve Griffin, all of whom are Kim Griffin’s natural children, in Harris County District Court, reclaiming a fair share of Kim Griffin’s estate as a child adopted by estoppel. The defendants denied the request and filed a motion for summary judgment, asserting that Elliot was not adopted by estoppel and therefore could not inherit from Kim. The trial court granted the defendants’ motion for summary judgment...
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...Pet Adoption Many people have different thoughts on adoption. Such as why adoption is a good thing not only for the animal but also the owner, if each dog deserves a second chance, and if there should be kill shelters. Adoption is good for both the animal and the owner, by adopting an animal is gives them a new home that they deserve. Adoption gives the owner a sense of what the animal has gone through, which sometimes helps understand the way the animal may act and can help find ways to train them. Adoption gives the animal a new start and a family that will love them no matter what. It can also help a family come together in hard times and help each other get through it. I believe that every animal deservers a second chance. It’s not their fault they got beaten, thought to fight, or that they did not have food. They do not get to pick the family or owner they end up with or what they are thought to do. They do as they are told just to make their owner happy. Many people see the bad things that animals do and they see that animal as mean yet they do not see the person behind the dog telling it what to do, It is not always the dogs choice to act the way they do. Every animal should have a chance to have a good life that is full of love and kindness. They should at least have a chance to be the best animal that they can be. I do not think that there should be kill shelters. The only reason animals are being killed is because there is not enough room in the shelters for all of...
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...| Family Law Tutorial | Adoption | | | 9/21/2012 | Saurabh Mishra, 211085, Section B | Introduction Reflecting a strictly general point of view, a person or a family may proceed to adopt a child for various reasons, varying from those of a genetic nature such as infertility and homosexuality to strictly humane sentiment, such as a desire to provide a child with a home and a caring family when he has been deprived of the same due to unavoidable and unforeseen circumstances. In order to completely establish the process of adoption, it is necessary to take into one’s family the child of another and give him or her, the rights, duties, and privileges of a child and heir. Adoption is the institutionalized practice through which an individual belonging by birth to one kinship group acquires new kinship ties that are socially and legally defined as equivalent to congenital ties. These new ties supersede the old ones either wholly or in part. Adoption: Religious legal opinions Personal laws of Muslims, Christians, Parsis and Jews do not recognise complete adoption. Hindu law is the only law which recognizes adoption in the true sense of taking of a son as a substitute for a natural born one. The reason for this is partly due to the belief that a son is indispensable for spiritual as well as material welfare of the family, particularly that of a father. The only personal law which permits adoption under statute is the Hindu Adoptions and Maintenance Act, 1956. There...
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...5 November 2012 Subject: Reference letter for To Whom It May Concern, I have known Sara since 2000 and Carl since 2010. Sara and I became friends while attending college and Carl and I met after Sara and he were married in 2010. The most pronounced activity we work together. Outside work our families have gotten together for social events to include dinners and athletic events (runs, hikes, etc). The couple has been married for almost three years and during this time I have spent a great deal of time with them. I am certain they have a stable marriage and love each other wholly. Carl is a thoughtful, considerate, and hardworking individual. By trade he is a Pilot and in his free time he enjoys electronics. She is caring, optimistic, and hardworking. She currently juggles the demands of pregnancy, the military, and going to school. In her personal time she enjoys running. They lead an active lifestyle, but are most committed to their family and friends. While the majority of their family is on the west coast, they frequently make time to visit. Additionally, I have known of their desire to adopt and start their own family for some time. Sara and Carl are wonderful with children and are excellent role models. They have spent a great deal of time with my toddler and I trust them implicitly. They are warm, nurturing, and always understanding toddler routine. They are always willing to participate in kid friendly activities...
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...Louisa is a resident of Louisiana. She and her husband had two children prior to her husband’s death in 2012. Louisa suffers from addiction and in the past has been violent toward her children. In 2003 her children were placed by the state and later adopted. The children have prospered in the care of their adopted parents for the last three years. Louisa states she has not drank alcohol since July of 2006 and is seeking to reinstate her parental rights and be reunified with her children. The termination of parental rights can be either voluntary or involuntary. Both methods sever the parent- child relationship. Once parental rights have been terminated, the child is legally free to be placed for adoption. Ch. Code Art. 1240; 1256(C); 1218 states upon adoption, the birth parents and birth relatives of the adopted person are relieved of all of their legal duties and divested of all of their legal rights with regard to the adopted person, including the right of inheritance from the adopted person. While each of the states takes a different approach, they address the same basic issues: *which parties can petition the court to have those rights reinstated, * age the child has to be in order to be covered by the petition *length of time since the termination that the petition can be filed. * the court must find that is in the best interest of the child to reinstate parental rights. Hawaii and Louisiana are the only states that do not require a threshold or initial...
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...QUESTIONS PRESENTED Samantha has a 17 year old son named Alex and is seeking advice. Alex just found out that his 15 year old girlfriend Elizabeth is pregnant. Elizabeth wants to give the baby up for adoption but Alex with the help of his mother and the rest of their family would like to parent the child despite his young age. Elizabeth and her parents would prefer that the baby be adopted by a married couple because they would be mature enough to handle taking care of the child. What are Alex’s rights? What is Elizabeth entitled to do in this situation and what would the possible outcome be in this case? DISCUSSION Over the past few decades, unmarried fathers have challenged the termination of parental rights under the Fourteenth Amendment in cases in which birth mothers like Elizabeth relinquished their children for adoption. In a case such as the above, courts would affirm the constitutional protection when the father (Alex) establishes a substantial relationship with his child. In this case, the existence of a biological link between the child and a putative father gives the father the chance to establish a substantial relationship with his child. Clearly Alex is committing to the responsibilities of parenthood, by attempting to be involved in the child’s upbringing. It is further noted in In re Tricia M., 74 Cal. App. 3d 125 (Cal. App. 4th Dist. 1977) “Cal. Civ. Code § 7001. The parent and child relationship extends equally to every child and...
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...QuinNisha Hurt Mark Gatlin ENGL 110C 26 April 2010 Flaws in the System The requirements for foster parents are not adequate enough to ensure that the children are in good hands. Foster care is when a child is provided with a temporary family life. Children that are placed in foster care are neglected, abused, or removed due to extreme circumstances that occur in the household. Social services play an important role on selecting the right foster parents for the children. To become a foster parent there are many requirements and regulations necessary to place the child in the right temporary custody. Some minimum requirements to become a foster parent include that you have to be at least twenty-one years old, be free of communicable diseases, be financially self supporting, and complete and pay for a criminal history check. Also the applicant can’t have over six children under the age of eighteen, including their own biological children (Taneika Goldman). Do these guidelines work? The guidelines need to go into more detail to increase the safety of the foster children. Are foster parents taking in children just to benefit themselves? The guidelines that are in place now could be better. The minimum requirements to become a foster parent need to be revised in order to see maximum success. Foster care is a system in which a minor is taken from their biological parent voluntarily or involuntarily and is placed in temporary custody of a certified foster parent. Children...
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...Inter-Country Adoption Republic Act Number 8043 Inter-country Adoption • Refers to the socio-legal process of adopting a Filipino child by a foreigner or a filipino citizen permanently residing abroad where the petition is filed, the supervised trial custody is undertaken, and the decree of adoption is issued outside the Philippines Child • Means a person below fifteen (15) years of age unless sooner emancipated by law The phrase “unless sooner emancipated by law”- erroneous because RA 6809 which took effect on December 18, 1989, the age of emancipation is 18 years Authorized and accredited agency • Refers to the State welfare agency or licensed adoption agency in the country of the adopting parents which provide comprehensive social services and which is duly recognized by the Department Legally-free child • Means a child who has been voluntarily or involuntarily committed to the Department, in accordance with the Child and Youth Welfare Code • RA 6809 (December 18, 1989) Age of emancipation: 18 years Foreign Adoption Agency • Refers to the State welfare agency or the licensed and accredited agency in the country of the foreign adoptive parents that provides comprehensive social services an is duly recognized by the Department • Child-Caring Agency vs Child Placement Agency • Application –Homestudy report –Supporting documents Inter-country Adoption Board • The Inter‐Country Adop1on Board (ICAB) created by Republic...
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...How do you feel when knowing that you are just an adopted child - not the biological child? These conditions are experienced by many children after they have grown up they eventually find out that they are not the biological child of the two parents who have raised them. Surely knowing that they are only adopted children is very painful. It really hurts. So as parents what actions would you take after the children you have raised know the actual condition? Why do spouses have to adopt a child? Spouses sometimes have difficulty having children until they finally decided to raise a child as their heart entertainer. But parents sometimes do not realize that raising a child will become a problem later on if the child knows that they are only adopted children. When parents decide to adopt children, they should be able to keep it secret by moving to a new house or moving to another city. It's very important to keep the adopted child's feelings. I know a friend of mine who is in fact an adopted child. He told me he was deeply hurt when he found out he was only an adopted child. His foster parents kept it secret but neighbors let the cat out of the bag. He overheard a conversation that mentioned him being an adopted child. He was not brave enough to ask his parents. In my opinion, adopted child or biological child is not a problem. Adopted child who has grown up since he or she was a baby is just like a child of their own. He will have the nature of people who raised him....
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...began explaining, to the doctor, about their concerns. They described Clara as a quiet child who has recently begun throwing temper tantrums, during which she is inconsolable. Clara’s sleep and eating patterns have changed, and she no longer wants to go to preschool. Based on the limited information provided in this scenario, there are other questions that I would like to see answered. The very first step I would take, before asking for more information from the adoptive parents, is to remove Clara from the room and place her in an atmosphere that better suites her, like a play room located in the office building. After Clara is removed from the office, I would start of by asking if the adoption was an open adoption, and the age when Clara was adopted. If the adoption was not an open adoption, the true parents of Clara could be trying to make contact with her while she away from her adoptive parents. This can cause confusion in Clara, and possibly be a reason why her behavior has all of a sudden changed. I would also ask how long they had Clara, and if they had any information on Clara’s biological parents. If they did have background information on the biological parents, I would want to find out if there was a history of any psychological disorders or mental illnesses that could include; depression, anxiety, or any learning disabilities. I would ask if anything changed in their household since...
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...Supporting Good Practice in Managing Employment Relations 3MER 1.1 2 internal factors which impact on the employment relationship Pay - It is well known that pay helps to motivate and even retain staff in most cases, but nowadays it is not just the financial rewards that employees are seeking, its possibility of career enhancement and training opportunities. If employees know that they are being appreciated and groomed for greater things then this could have a positive impact on employee and employer relations. Organisational culture – A company’s organisational culture can have a huge impact on employment relations. Some companies may be very strict about work timings; so if an employee were to leave work 10 minutes before they are supposed to, some managers may discipline them for it. Other companies are more relaxed in this approach as they may let employees start work a little late, or early with no threat of a disciplinary. So employee relations could be affected in a positive or negative manner depending on the type of culture that a company adopts. 2 external factors which impact on the employment relationship Technological changes – The advent of new and improved software’s and technologies may impact employment relationship. Employees may feel that their company is not keeping up to date with new technologies and software’s that are constantly being released in order to make peoples jobs easier. Therefore the employee may feel that...
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...Inter-country Adoption: A Brief Background and Case Study Inter-country adoption (ICA) is a practice that has gained popularity over the years, and there is every reason to believe this trend will continue. For couples (or individuals) whose country of residence has few healthy babies available for adoption, going outside the country for a child is a desirable option. It is also desirable from the perspective of the child, who usually comes from a country with more available children than potential adoptive parents. Right away, these seem to be two very compelling reasons to support the idea of inter-country adoption, and work toward its best model. The purpose of this paper is to give an overview of inter-country adoption using India as a case study. The paper will give a brief background of ICA and the main problems it both addresses and raises, then look at the case of India in particular, and, finally, provide some directions for policy and further research. Background on ICA ICA began in earnest as a response by North American countries to the post-WWII devastation. At that point, it was a humanitarian reaction to the needs of the newly-orphaned children in Europe. Since that time, ICA has shifted its focus to become a means for individuals in the developed world to have children. In most Western nations, the number of healthy infants available for adoption has been steadily decreasing, due to a number of social and economic factors including widespread...
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...TESTIMONY PAPER My life before I came to Christ wasn't a long period of time. I was adopted by a Christian family when I was four and a half. At the age of five years old going to a Christian Baptist school in Raleigh, NC called Friendship Christian. I ran from God my whole life and didn't really start living for Him until about two years ago. The situation of my running from God reminds me of the story of Jonah in the Bible. I came to a cognitive knowledge of Christ when I was young. That didn't mean I always lived my life by His rules. During the time I thought I was living for myself, I was still in the plan that God had for me. It took many mistakes before I accepted that Christ was all I needed in my life. I lost my biological mom in a hit and run when I was ten. The major circumstance surrounding my conversion to live for Christ and serve Him was the death of my adoptive mother three years ago to cancer. This was what broke me from running from God. I would describe my spiritual growth in the last two years as monumental. In the past two years I have helped bring nine people to Christ and had six baptized in Jesus name, this number including my two children. I struggled for a place to live but trusted God and he blessed me with a house. I also struggled to get into school and the Lord blessed me with an answer to that prayer also. Praise God, I am now studying religion at Liberty University...
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