Project Report on Corporate Finance free essay sample

We have taken efforts in this project. However, it would not have been possible without the kind support and help of many individuals and organization and for it we would like to extend our sincere thanks to all of them. We are highly indebted to our teacher for her guidance and constant supervision as well as for providing the necessary information and their support for the completion of project. We would like to express our gratitude towards Ms.Shegorika lalchandani and our parents for their kind cooperation and encouragement which help us in completing the project. We are grateful to industry persons to give us special attention and their precious time. Our thank and appreciations also go to my colleague in developing the project and people who have willingly helped us out with their abilities. Company Profile:- Larsen Toubro Limited (LT) is a technology, engineering, construction and manufacturing company. We will write a custom essay sample on Project Report on Corporate Finance or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is one of the largest and most respected companies in Indias private sector.ECC – the Engineering Construction and Contracts Division of L;T is India’s largest construction organization with over 60 years of experience and expertise in the field. ECC figures among the World’s Top Contractors and ranks 35th among top global contractors and 60th among international contractors as per the survey conducted by Engineering News magazine, USA (August 2008). Many of the country’s prized landmarks – its exquisite buildings, tallest structures, largest airports/ industrial projects, longest flyovers, highest viaducts, longest pipelines including many other benchmark projects have been built by ECC.ECC’s leading edge capabilities cover every discipline of construction: civil, mechanical, electrical and instrumentation engineering and services extend to all core sector industries and Infrastructure projects. ECC is equipped with the requisite expert ise and wide-ranging experience to undertake Engineering Procurement and Construction (EPC) projects with single source responsibility. Contracts are executed using state of the art design tools and project management techniques from concept to commissioning. ECC Divisions head quarters in Chennai, India. In India, 7 Regional Offices and over 250 project sites.

Audit - Assurance and Compliance for Double Ink Printers Limited

Question: Discuss about theAudit, Assurance and Compliance for Double Ink Printers Limited. Answer: While developing the plan of audit relating to Double Ink Printers Limited (DIPL), the analytical procedure related to financial information offers great benefits. On the other hand, the plan of audit offers the needed guidelines and directions to the auditors during the operations of audit. In other words, the plan of audit helps the auditors to maintain the audit cost in a certain limit to curb confusion with the audit clients (Carson, Redmayne and Liao 2014). The procedure of evaluating the financial performance of the organisation could be formed with the help of various mechanisms. It has become possible for the financial analysts and accountants to utilise the financial information in order to make various business decisions through the analytical method. The common size analytical method helps in the process of evaluating the financial declaration of the organisation from the prevalent referential points. The fundamental merit is that it lends support to compare the financial statement from different financial timelines. The financial analysts and accountants could make use of various lines of items from the financial statements and accordingly, the base of preparation could be made for the firms. For example, the process of registration of various accounting and financial items in the financial statements like owners equity, overall liabilities and assets could be taken into account along with the dissection of digression from the normal position (Carson et al. 2014). One of the primary analytical processes related to financial information is benchmarking, which could be used to evaluate the plan of audit. In addition, ratio analysis is a fundamental analytical procedure associated with the financial information of a firm, as it could be used to compare the performance of the firm with its competitors to develop the audit plan (Cohen and Simnett 2014). Explanation: The analytical methods of the organisations to dissect the financial information has considerable impact on the process development associated with audit planning and this is vital for flowing financial information amongst the certain departments of the organisations. Certain ratios in the context of DIPL have been taken into account for this purpose: Particulars 2013 2014 2015 Profit margin 0.068 0.60 0.06 Current ratio 1.42 1.46 1.50 Solvency ratio 0.62 0.44 0.21 Based on the above table, it could be stated that the organisation has experienced an improvement in liquidity position with the increase in current ratio over the years. However, the fluctuating profit margin has helped in disclosing the net income gained compared to overall revenues generated (Fernandez-Feijoo, Romero and Ruiz 2016). Along with this, such profitability evaluation provides the accountants and financial analysts with an insight of ascertaining the expenses of the firm. Furthermore, an insight about the efficacy of the company budget has been obtained, which would serve the need for business expansion. The favourable as well as unfavourable modifications in the financial performance and ratios of the organisation help the auditors in developing an overview of the present financial condition of the organisations. In this regard, the consideration of solvency ratio has been made that has declined over the years. Such assessment is crucial to ascertain the desirable or undesirable movement of the firm performance over consecutive years. In other words, it could be stated that the evaluation and comparison of ratios and financial performance help the accountants and financial analysts to determine the relative financial condition of the organisation over the years. It helps to determine whether the current financial condition of the firm is feasible or not. If the condition is not feasible, the management needs to implement corrective measures to improve its financial performance. Hence, the analytical process associated with financial information has immense value (Gu, Simunic and Stein 2017). Based on the provided case, the management has failed to record certain business transactions. Such method has direct association with the inconsistencies associated with the planning of various sales and marketing activities of the organisation (Hardy 2014). The financial evaluation of DIPL implies that the profit level is inadequate when compared with the overall revenues generated. The fundamental cause is the inefficiency and ineffectiveness of the management in handling its business operations. In addition, the organisation has not been able in measuring the influence of various macro and micro-economic factors on the business functioning of DIPL. Thus, these factors have lead to lead inherent risk for the organisation (Jones 2016). In addition, the employees of DIPL have grown rapidly resulting in increased inherent risk. The lack of experience and professionalism of the staffs of the organisation has increased the level of inherent risk, as they could conduct serious mistakes. According to the provided case study, the problems could be identified in the CEO succession procedure of the organisation. Due to this, such procedure has lead to increase in inherent risk of the organisation. However, this procedure has not been effective in DIPL. Along with this, it could be seen that DIPL does not have adequate employees in handling its business operations, which has again lead to increased inherent risk in the entire business operations of the organisation. Therefore, from the above assessment, it has been found that these are the fundamental reasons of increase in inherent risks in the business functioning of DIPL (Junior, Best and Cotter 2014). Explanation: As observed from the case study, the amount of work pressure on the employees of DIPL is extremely high. The rising workload leads to inaccurate bookkeeping of the firm and this issue further leads to various cash flow problems, ineffective solvency and liquidity positions along with unsuitable operating results for the organisation. Along with this, the error risk could be represented in the financial reports because of inappropriate interpretation. In this regard, the management of the organisation has a significant role to play. However, there is lack of integrity and accountability in the management of DIPL and because of this reason; they are facing the concern of reputation loss in the business community. The higher structure of incentive associated with management develops extra pressure on the management due to which there has been material misstatement in the financial reports (Kend, Houghton and Jubb 2014). In the present day business organisations, fraudulent risk is considered as the primary risk in the context of the same. Because of the occurrence of such risk, the business firm often face huge losses in its business assets (Rahim and Idowu 2015). In most of the situations, the basic dissatisfaction could be seen among the workforce and such dissatisfaction often force them to involve in different kinds of frauds in firms. Another cause of fraud is to meet the needs of the investors associated with an organisation. This is because it often promises to accomplish a specific financial position; thereby, leading to higher level of fraud (Shah and Nair 2013). Types of risk Identification Fraudulent risk In the context of the business functioning of DIPL, the major risk that could happen from the business operations is the engagement of the staffs in different types of fraud activities. This mainly arises with the fall in satisfaction level of the staffs. According to the case study of DIPL, it could be stated that the board of the organisation has exerted excessive pressure in adopting a new accounting system. The adoption of such system creates a huge pressure on the workforce of the organisation and this pressure has lead to fraud. Hence, it is evident that for dealing with such pressure of reconciliation, the staffs might adopt unscrupulous behaviour leading to wrong handling of the overall process, which further results in material misstatement (Singh et al. 2014). Based on the case study, it could be seen that the process of ineffective handling in implementing the new information technology leads to inaccurate treatment of accounting transactions at the year end. Such procedure might lead to loss of financial information and material misstatements. Procedure of financial reporting One of the primary audit risks is related to the process of financial reporting. The additional risk of incorrect financial announcements could be observed, if extra expectations could be seen from various stakeholders for the financial announcements. This holds good in case of management announcements for accomplishing a specific target of the goals for acquisition of debt. Depending on the financial statements of DIPL, it could be viewed that there is increase in revenue from 2013 to 2015. Along with this, the gross income and net income of the organisation have increased in tandem. The information collected from the case study states that DIPL has obtained a loan amount of 7.5 million from BDO Finance in 2015. The case study further reveals that the DIPL needs to maintain a current ratio of 1.5 and debt-to-equity ratio of below 1. The need of this specific arrangement might be to exert pressure on the firm to repay the loan according to the agreed timeline. These requirements could lead to fraudulent activities, as DIPL could manipulate its financial statements to win the trust and confidence of its investors. In case, it is unable in maintaining the desired benchmark, BDO Finance might not grant any further loan to the organisation (Stewart, Kent and Routledge 2015). According to the provided case, it has been assessed that the procedure of valuation associated with the raw materials of the organisation depending on average cost is not appropriate, since the current cost of paper exceeds the average cost. The primary risk in the identification of fraudulent activities of its staffs to implement new system of information technology could be detected through continual monitoring of the same in different job phrases. Alongside this risk, the risk pertaining to the procedure of financial reporting could be identified through assessment of the various financial statements and reports of the organisations and the responsibility lies on the financial analysts and accountants with the help of various analytical and control procedures. This process of reviewing as well as monitoring is needed to be carried out in a timely fashion (Sutherland 2017). Thus, it has become possible for the financial analysts and accountants to utilise the financial information in order to make various business decisions through the analytical method. References: Carson, E., Redmayne, N.B. and Liao, L., 2014. Audit market structure and competition in Australia.Australian Accounting Review,24(4), pp.298-312. Carson, E., Simnett, R., Trompeter, G. and Vanstraelen, A., 2014. The Impact of Group Audit Arrangements on Audit Quality and Pricing. Cohen, J.R. and Simnett, R., 2014. CSR and assurance services: A research agenda.Auditing: A Journal of Practice Theory,34(1), pp.59-74. Fernandez-Feijoo, B., Romero, S. and Ruiz, S., 2016. The assurance market of sustainability reports: What do accounting firms do?.Journal of Cleaner Production,139, pp.1128-1137. Gu, T., Simunic, D.A. and Stein, M.T., 2017. Fixed Costs, Audit Production, and Audit Markets: Theory and Evidence. Hardy, C.A., 2014. The messy matters of continuous assurance: Findings from exploratory research in Australia.Journal of Information Systems,28(2), pp.357-377. Jones, P., 2016. Internal audit: An integrated approach.Company Director,32(5), p.50. Junior, R.M., Best, P.J. and Cotter, J., 2014. Sustainability reporting and assurance: A historical analysis on a world-wide phenomenon.Journal of Business Ethics,120(1), pp.1-11. Kend, M., Houghton, K.A. and Jubb, C., 2014. Competition issues in the market for audit and assurance services: are the concerns justified?.Australian Accounting Review,24(4), pp.313-320. Rahim, M.M. and Idowu, S.O. eds., 2015.Social Audit Regulation: Development, Challenges and Opportunities. Springer. Shah, M. and Nair, C.S. eds., 2013.External Quality Audit: Has it Improved Quality Assurance in Universities?. Elsevier. Singh, H., Woodliff, D., Sultana, N. and Newby, R., 2014. Additional evidence on the relationship between an internal audit function and external audit fees in Australia.International Journal of Auditing,18(1), pp.27-39. Stewart, J., Kent, P. and Routledge, J., 2015. The association between audit partner rotation and audit fees: Empirical evidence from the Australian market.Auditing: A Journal of Practice Theory,35(1), pp.181-197. Sutherland, D.W., 2017. Independent audit report.Newsmonth,37(3), p.19.

Sample Essay For Masters Scholarship

Sample Essay For Masters ScholarshipThe reason that sample essays are so effective is because of the fact that students are rarely looking for someone to plagiarize their work. They are more interested in examining how their words and ideas are reflected in a word processor and working to clarify those parts of the essay that do not make sense. Students are more interested in refining an essay, so if they find a difficult concept or problem, they will know how to make that part of the essay appear to be a better fit.The same goes for writing a sample essay for a master's degree scholarship. Students must put themselves in the shoes of an advisor. They can ask any question they might have, but they should also use the essay as a springboard to figure out how a quality one will look and sound.A student's resume is probably not going to stand out among all the other profiles on the same page, especially if that student has not taken advantage of the scholarship opportunity yet. So the i dea behind this kind of essay is to be clear and to offer the advisory options. Provide your own thoughts on that specific topic by using examples and your own observations. When you do this, you can show that you are an active thinker and that you are a student who have taken the time to study the main issues at hand.Also, be consistent with your topic and communicate your points using common sense. Keep your main points simple enough that the rest of the essay should follow suit. In order to be successful in that last point, make sure that you provide adequate proof for everything you write in the essay.The key to writing a good essay is to make the reader think. By using your own experience, your opinion, and some true facts, you can persuade the reader. Of course, you cannot write your opinion as fact, but the more you make an argument with your own thoughts, the more likely it is that the reader will be convinced by what you say. It takes practice to be able to deliver this kin d of persuasive writing.You must realize that the views of others are not as valid as your own, but that the reason why most people rely on common opinion is because they have not taken the time to research the issue fully. Because of this, your essay will tend to flow more naturally when you focus on creating a clear and well structured summary that reflects your thoughts.Don't forget that your sample essay for a master's scholarship is still more effective if you are confident and convincing in what you say. Your opening paragraph is critical. You must establish your credibility by giving a good description of yourself and telling the reader what they can expect from you. Never misrepresent yourself, and always stay on topic.Writing a sample essay for a master's scholarship is not easy, but you can succeed with the right guidance. Follow these tips, and you will have an excellent outline for your next essay.

Christanity Essays - African Slave Trade, , Term Papers

Christanity What do people look for in religion? Do they look for guidance, beliefs, reason, or do they look for help? African-Americans have looked for all of these for many years. They found all of these in Christianity. Christians believe in one God who they worship, trust, and look up to. Since Christianity was first introduced in the early Colonial Period, African-Americans have used their Christian beliefs to fight horrible things that have gone on in America such as slavery and segregation. As African-Americans were captured through the slave trade and brought to the colonies they possessed many different religious beliefs. Many people are extremely ignorant in history and believe that all African-Americans were once united together as a whole in Africa. This was not nearly the case. Africa was made up of many different states with many different people and with many different beliefs. These people were dark skinned, but aren't all white people light skinned. The white man has never agreed on one main language. As the African-Americans were brought to the colonies from Africa, they used Christianity to help bring them together. Some people use song and dance to express their Christian beliefs. The slaves started all this. African-American slaves used songs, dances, and often stories to show their feelings about God. These stories were called trickster stories. As African-American slaves became more involved in the Christian faith it gave them something to live and fight for. Instead of doing labor for their white owners, they did their work for themselves and most importantly, they did it for God. Slaves were treated as animals. They were forced to work in the fields, in the house, or on the farms for free. They were beaten, deprived of food and clothing, and even raped. If slaves tried to run away they were captured and beaten. Being beaten meant being stripped of their clothes and whipped severely with a leather strap. Some were whipped up to 300 times. As time passed, African-Americans were beginning to speak English. This helped significantly. Now they could preach and spread their beliefs. As Christianity spread through the country, slaves were beginning to worship the Lord out loud. They began to build churches and have marriages. Having Christian marriages provided a family for the slaves and this gave them a sense of brotherhood. The white man degraded the slaves so much that many had an extremely how self-esteem. Many slaves felt that their duty in life was to be the white man's slave. However, Christianity showed them that they were equal to everyone and this often raised the slaves self-esteem. Through churches and marriages the African-Americans were now creating a community for themselves. Slavery ended and blacks were finally free to some extent. Although they were now free, they would still remain under the white man's foot. This was a huge step for the African-Americans though. I believe that Christianity had a lot to do with the ending of slavery. The blacks already knew that slavery was wrong, and finally enough whites realized, through God that this was wrong and immoral. However, there will still be many whites who are ignorant in the preachings of God and still treat the blacks as though they are slaves. African-Americans will keep their heads high and fight for their freedom through the strength of God. Even though African-Americans were no longer slaves, they still do not have the freedom that everyone in America deserved. Slavery was now gone, but the main issue became segregation. Blacks still did not received the same rights as the whites did. They could not attend the same schools, use white bathroom facilities, eat in the same restaurants, ride on the front of buses, or even drink fro the same water fountains. This went against everything that God said and the blacks knew that. They knew that God created everyone equal and their are some African-Americans who will fight for this. Most blacks were scared to come public and fight for their rights. There was still a lof of violence and hostility toward blacks at this time. Blacks were being hung, beaten, and brutally murdered. This put a lot of fear into the eyes of African-Americans. Some tried to fight back, but most

Why I Want an MBA †Grad School Admission Essay

Why I Want an MBA – Grad School Admission Essay Free Online Research Papers There are many reasons in my life that has helped me to decide â€Å"Why I Want an MBA?† How much education I obtain is fulfilling a personal goal that I set for myself a very long time ago, even though it has taken me some years to get there. First and foremost, it is very important for me to be a good role model, and an inspiration to my children and grandchildren; and to ensure that they understand that education leads to many successes in life. I have always believed in leading by example. Also, the changes in this global economy, along with my age and job security are some other reasons for my decision. Being able to influence and heighten my family members to aspire to greater and better things that life has to offer is very important to me, and I know that getting a good quality education will open more doors for them to be successful. In 1966, the late, great singer/composer, James Brown, had a hit song entitled â€Å"Don’t Be a Drop-Out† which has influenced me throughout my life. The global economy, as it changes from day-to-day, dictate that the skills and knowledge I possess today will be null and void tomorrow, unless I continue my education. Therefore, being an older and non-traditional student has made me realize how competitive the job market is in this global workforce. By obtaining my MBA and maybe entering a doctoral program, is something I must also do to ensure my success in today’s workforce. The job I have now depends upon writing a grant proposal and getting it funded through the federal government every four years, but the federal governm ent can stop funding this program in a moment’s notice. And because of this, the advantages for me getting an MBA outweighs the scarifies I have to make to get an MBA. As far as the advantages to obtaining an MBA, according to Conde (n.d.) are: â€Å"the opportunity to increase ones salary, to advance in ones career, and to meet and develop a rapport with influential executives and colleagues in ones industry†; but there are also reasons and disadvantages in obtaining an MBA. The reasons or disadvantages that some people find for not entering an MBA program or furthering their education is the cost (to expensive); â€Å"in some cases, the cost of an MBA degree is four times as much as ones average yearly salary†, according to Schweitzer (n.d.); and finding the time to study especially if you have a full time job and other family obligations†. After pondering over the advantages and disadvantages of entering an MBA program, I know that I have made the right decision because obtaining this degree will allow me to keep my family inspired; and this degree will afford the opportunity me to venture out into unknown territories of su ccess. â€Å"The MBA is not an end in itself, but a means to an end; and it should supply three main value propositions: skills, networks, and brand. Hard skills include economics, finance, marketing, operations, management, and accounting; and the soft skills include leadership, teamwork, ethics, and communication that are so critical for effective management. Equally important is the networks which include but is not limited to networking with MBA students, alumni, faculty, and business and community leaders. Networking is very useful when beginning a job search, developing a career path, building business relationships in one’s current career. As far as brand, the article states that the MBA degree is a recognized brand that signifies management and leadership training; and that a powerful brand can give one the flexibility to make changes throughout ones career† (University of Pennsylvania, n.d.). As a result of my â€Å"What’s My Jungian 16-Type Personality?â €  (Marcie Nutt, 1989), I am coded as an ENTJ that states: â€Å"I am outgoing, visionary, and argumentative, have a low tolerance for incompetence, and often seen as a natural leader. This personality test lists my possible career as a manager, management trainer, stockbroker, lawyer, chemical engineer, or police officer.† Therefore, obtaining an MBA will definitely help me become the role model I desire to be for my family, and my educational qualifications will make me better prepared to face this very competitive job market. And I will not forget that there are many successful business owners and CEOs to include self-made millionaires and billionaires that do not possess any formal education. An article about CEOs states that, Michael Dell, founder and CEO of Dell computer, was a pre-med biology major at the University of Texas before dropping out of school after his freshman year; and Microsoft Chairman Bill Gates also left college without earning a degree (Lewis, n.d.). This article highlights CEOs who did not pursue an MBA and how successful they are in their field of expertise and in business. Just as these two men had the vision and the skill to hone in on what it would take to make them successful, I also know that my education will led me to a path of success. Without a doubt, the forces that have caused me to travel this journey will help me to be successful in my educational endeavors. Because of my entering an MBA program, my daughter whom I greatly admire and respect, has enrolled in a Master’s program and upon completing this degree, she plans to enter into a doctoral program. I won’t say that we are competitive but as her mother, I know what inspires her, and that is, following in my footsteps. My son, who makes more money than my daughter and I put together, have not entered into college as of this date, but I keep encouraging him to do so. He understands the importance of an education and has assured me that he will be enrolling in school in the near future. I am very proud of my accomplishments thus far, and I will continue to be the inspiration that my family need in this time of economic uncertainty; and I will always stress upon my family the importance of a good quality education. References Conde, C. (n.d.). Why get an mba? Retrieved September 7, 2008, from collegeview.com/articles/CV/careeers/why_an_mba.html Lewis, A. (n.d.). Many top CEOs say mba not necessarily ticket to success. Retrieved September 7, 2008, from home.honolulu.hawaii.edu/~pine/libart/ceolibarts.html Marcie, D., Nutt, P. (1989). Self-assessment library: What’s my jungian 16-type personality [University of Phoenix Custom Edition e-text]. Upper Saddle River, NJ: Prentice hall. Retrieved September 7, 2008, from University of Phoenix, MGT521- Management Course Web site. Schweitzer, K. (n.d.). What is an mba degree? Retrieved September 7, 2008, from http://businessmajors.about.com/od/programcomparison/a/mbaDegree.htm University of Pennsylvania. (n.d.). The wharton mba. Retrieved September 7, 2008, from http://wharton.upenn.edu/mba/admissions/decision/why.cfm Research Papers on Why I Want an MBA - Grad School Admission EssayStandardized TestingThe Effects of Illegal ImmigrationIncorporating Risk and Uncertainty Factor in CapitalLifes What IfsResearch Process Part OneInfluences of Socio-Economic Status of Married MalesAnalysis of Ebay Expanding into AsiaTwilight of the UAWPETSTEL analysis of IndiaComparison: Letter from Birmingham and Crito

Interview with a person Research Paper Example | Topics and Well Written Essays - 1250 words

Interview with a person - Research Paper Example Likewise, this particular research study has performed a level of library and internet research as well as relied upon the expert testimony from an individual who has resided within the country of question for nearly 18 years. The nation in question for such a research is that of the Eastern European nation of Ukraine. For purposes of the research and interview, the main determinants that have been discussed and analyzed relate to the following: geographic location, culture, customs, basic human needs (types of employment), types of buildings, religions, types of food, television, newspapers, and other forms of media, cultural and gender distinctions, technological development, education system, and clothing. The geographic location that Ukraine represents is on the very periphery between Eastern Europe and Eurasia. As such, it occupies a very fertile region that spans between the Carpathian Mountains in the West to the border with Russia in the far east. The nation is likewise borde red by Russia, Belarus, and Poland to the north and the west, Slovenia, Romania, and Moldova to the south west and the Black Sea to the immediate south. The geographic location that Ukraine comprises with few natural demarcations has made it a tempting and much coveted possession of many kingdoms and empires through past history. A brief review of the history of the region denotes that Turks, Tatars, the Golden Horde, the Russian Empire, Poland, and Lithuania have all occupied various portions of Ukrainian land within the past several hundred years. However, when delving into the issues of culture and customs as well as some of the more nuanced methods of analysis that this particular paper will engender it was necessary to interview an individual that has lived within Ukraine for nearly 18 years prior to coming to the United States. Natasha Kholostova, a neighbor of this author, agreed to be interviewed with regards to some of the unique aspects that help to set Ukraine apart from the remainder of Europe, the United States, and the rest of the world. The main differentials regarding culture and customs that Natasha noted were with relation to the Orthodox history and culture that Ukraine has so firmly established. She was able to relate this back to the point in time when Prince Vladimir the Great was responsible for converting the nation to Eastern Orthodoxy. This action in and of itself integrated many of the former pagan beliefs that had predated Christianity with the Christian doctrines that came from Constantinople. This unnatural marriage between two belief systems spawned holidays such as Maslinitsja and Ivana Kupala where Christian attributes were given to pagan celebrations commemorating the changing of the seasons or the celebration of the life giving energy of water. Natasha also demonstrated that one cannot hope to understand the customs or culture of Ukraine without gaining a firm and complete grasp on the means by which the existence of the Sovi et Union had a profound and lasting effect on the way in which the culture and society grew over the past century. Moreover, the Second World War was fought over Ukrainian territory with the Nazi forces advancing across the entirety of the country in the beginning stages of the war and eventually being pushed back towards the later part of the war. This also left a profound and lasting impact on the population due to the fact that the full horror of war had been experienced on its territory and

Trafficking in Person's Research Paper Example | Topics and Well Written Essays - 2500 words

Trafficking in Person's - Research Paper Example Whereas the individual reader may be thoroughly familiar with the trade in illicit substances and/or narcotics, the level of knowledge that many societal shareholders have with respect to human trafficking is quite limited. One need look no further than the way in which popular culture and media portray drug smugglers, drug addicts, and each and every wrong of the supply and demand chain for narcotics to realize that this has primarily come to be the focal point of discussion and analysis with respect to the illicit/underground economy. However, according to 2011 statistics, human trafficking is a $35 billion a year global industry (Knepper, 2013). Moreover, from an ethical and moral standpoint, the trade of human beings and the buying and selling of these individuals as if they were merely a commodity to be consumed and disposed of as perhaps the most troubling aspect of all. Whereas it is true that the impacts of illegal drugs have far-reaching consequences that can harm any number of individuals in any socioeconomic strata in any country, human trafficking is unique due to the fact that it is one of the only exhibitions of slavery that currently exist within the world. Sadly, human trafficking is increasing with each and every passing year as the demands for cheap labor, sexual services, and healthy babies only continues to rise with the increasing population of the world. As a function of this sad reality, the following analysis will seek to analyze the scope, definition, impacts, policies, levels of governmental engagement, and factors that ultimately encourage the prevalence and continued exhibition of human trafficking around the globe. Although the greatest emphasis with regards human trafficking will necessarily be with respect to the way it is evidenced within the United States, it is impossible to engage such a topic without realizing and appreciating the global ramifications that the increasingly interconnected world demonstrates. Within such a mann er, global aspects of human trafficking will be discussed and engaged interchangeably with domestic concerns. The United Nations typically defines human trafficking as international organized transnational crime. For this very purpose, the United Nations reached an international agreement entitled â€Å"The UN Convention against Transnational Organized Crime†; specifically targeting trafficking protocol is one of the first major issues that must be engaged. With regards to the actual definition of human trafficking, this particular analysis will refer to the Universal Declaration of Human Rights as a means of defining the way in which the reader should approach the issue throughout the course of this analysis (Onuoha, 2011). As such, the Universal Declaration of Human Rights defines human trafficking as the following: â€Å"†¦the recruitment, transportation, transfer, harboring, or receipt of persons, by means of threat or use of force or other forms of coercion, of the production, of fraud, a perception, of the abuse of power or of a position of vulnerability or the giving up of receiving payments or benefits to achieve the consent that a person having control over another person, for the purpose of exploitation. Exploitation shall include, at a minimum, the exploitation of the prostitution of others or other forms of sexual exploitation, forced labor or services, slavery or practices similar to slavery, servitude or the removal of organs†