Meet Vandana, Accepted to 3 Top MBA Programs with Scholarships

This interview is the latest in an Accepted.com blog series featuring  interviews with MBA applicant bloggers, offering readers a behind-the-scenes look at  the MBA application process. And now†¦introducing Vandana†¦ [The story continues.check out our most recent interview with Vandana here!] Accepted: Wed like to get to know you! Where are you from? Where and what did you study as an undergrad? Whats your favorite non-school book? Vandana: I am originally from Hyderabad, India and that was where I completed my undergraduate degree in Computer Science Engineering.  I moved to Bangalore around 2 years ago to work on my startup dream and fell in love with the city. I have lived here since then. Im a voracious reader and spend a lot of my spare time with my nose buried in a book. I especially love reading fantasy fiction. My  favorite  book/series is the  A Song of Ice and Fire  (Game of Thrones series) by George RR Martin. Accepted: What stage of the application process are you up to so far? Where have you applied to b-school? Vandana: I applied to 3 schools: Kellogg School of Management, UCLA Anderson and Tepper School of Business. Just last week, I received acceptances from all 3 schools. UCLA and Tepper have offered me generous scholarships as well. Its very exciting to be accepted to all these wonderful schools, and I have a difficult decision ahead of me in the coming weeks! Accepted: Congratulations on a triple acceptance! What was the most challenging aspect of the admissions process? How did you approach that challenge and overcome it? Vandana: I think the most challenging part of the admissions process for me has been managing time. I work at a fast-paced startup and I work 6 days a week. Handling work, writing essays, managing my blog, attending info-sessions by various business schools, reminding my recommenders to work on my recommendations, helping people with their GMAT strategieswhile at the same time making sure I had enough time for my family and friends was very challenging. I wanted to ensure that I didnt alienate any one part of my life to keep up with everything else. I was able to overcome this by planning each day well ahead of time. I used a day planner to keep track of meetings and important dates, scheduled about 30 minutes a day to check up on my blog and respond to comments, set reminders to call and catch up with friends (especially during the commute to work) and I spent many a sleepless night making sure I was on schedule with my essay drafts and applications. I think this experience has been a great preview of what life at business school will be like, and has helped me prepare myself for the extremely busy (yet fun!) few years ahead. Accepted: A 760 on your first try amazing! Can you share your top three GMAT tips with our readers? Vandana: Thanks! I was expecting to hit 730+, but 760 was a surprise for me! These are some GMAT tips for future GMAT takers: †¢Ã‚  Study from anywhere, but  practice  only Official GMAC questions.   I simply cannot overstate the importance of this! I see people stressing about not scoring enough in MGMAT tests, or not getting questions from Princeton correct. Id like to stress the fact that ultimately, GMATPrep exams (official tests found on the GMAC website) are the only tests that are true predictors of your progress and what your final score could be. Id recommend that people study from whatever material they are comfortable with, but ultimately practice practice, practice from the official GMAT guides and any official questions they can get their hands on. I would recommend doing each of these books 2-3 times to get a handle on the different types of questions that could be asked in the actual exam. Especially in the last 3-4 weeks before your exam date, stick to past GMAT questions and official material. †¢Ã‚  Practice in  timed conditions.   The GMAT is tough. Not just because of the questions in it, but because a lot of us GMAT-takers havent sat for a test in a long time. It is difficult to maintain focus for the 4-4.5 hours it takes to complete the GMAT exam, and to prepare yourself for it, in addition to taking mock tests occasionally, I would recommend people to study and practice for the exam in timed sessions. It doesnt necessarily have to be that every time you sit down to study, it should be 4 hours. When you practice focus on doing 38-40 Quant questions for 75 minutes (set a timer), then take a quick 5 minute break and immediately sit down and do a practice set of 40-45 Verbal questions in 75 minutes. Its very helpful to do this as we automatically learn to pace ourselves accordingly and through practice, it is easy to keep your concentration and stay focused during the actual exam.   Ã¢â‚¬ ¢Ã‚  Maintain an Error Log.   During the first month of preparation, I did not maintain an error log, and I really regret it the most! I found the error log on GMATClub most helpful for keeping track of my progress of OG 12, OG 13 and the GMAT Quantitative Review and GMAT Verbal Review guides. By keeping track of my progress and my mistakes, in just a few weeks, I was able to zero in on problem areas and then come up with a plan of action to tackle them! Accepted: What is your current job? Do you plan on staying in your current industry post-MBA, or changing to a new field/career? Will you return to India? Vandana: I currently work as a Product Manager for a global online entertainment portal. I love being a product manager, and I plan to stay in my current role post-MBA, but transition to a larger company in the technology space. I havent decided yet if I will return to India post-MBA. I think there are exciting opportunities available all around the world and I intend to travel a lot post-MBA to zero in on the place Id love to settle down in. If that place is India, so be it 🙂 – but that decision has not been made yet. Accepted: Why did you decide to blog about your experience? What have you gained from the experience? What do you hope others will learn? Vandana: When I was studying for the GMAT and thinking about applying to business school, I learnt from peoples experiences on GMATClub and read many, many blogs online from past applicants to get an idea of the applications process. After scoring a 760 on the GMAT, I wanted to help people nail their GMAT and I started answering a lot of preparation-related questions online on GMATClub and Quora. After a certain point, I couldnt keep up with the volume of people getting in touch with me – so I decided to start a blog that documented my GMAT journey as well as applications progress in real-time. I hoped my blog would help prospective applicants navigate the admissions process better. Also, the blogger community is simply amazing! Soon after I started my blog, a lot of them added me to their blog roll, started following me online and encouraged me at every step of the applications process. Getting into business school is a marathon – GMAT, applications, etc. take up a lot of time; but time simply flew by since I had so many great people to share the journey with! I know Ive made many friends in the blogger community and Im hoping to meet them in person before joining business school. For one-on-one guidance on your b-school application, please see our MBA Application Packages. You can read more about Vandana’s b-school journey by checking out her blog, My Journey to Business School.  Thank you Vandana for sharing your story with us – we wish you loads of luck!  The story continues.check out our most recent interview with Vandana! Related Resources: †¢ MBA Rankings: What You Need to Know †¢Ã‚  International GMAT Test Takers Score Higher than Americans †¢Ã‚  Your GMAT Study Plan: Get More Right Answers in Less Time

Marxist Criticism Of 1984 - 1766 Words

Human history is full of hundred and millions of evil deeds, tragedies , wars and disasters. From the past decades the social and economic problems has a huge impact on human livings ,which are still existed in our world. Many novels and plays are being made on the social and economic aspects of life which are based on different literary lenses. The novel 1984 by George Orwell is all about the man named Hinston smith who lives in the society which is controlled by the political party leader named big brother. He decided to be a rebellion and to fight against the big brother and get out from this darkness eventually ended up dying at the end. the novel 1984 demonstrated the many fundamental themes as a perspective of Marxist theory. The†¦show more content†¦On the other hand ,the novel 1984 is described as a critique on the danger of capitalism, when the whole society lives under the control of big brother . The society is suffering because of its own consequences because of the capitalism in which society is ruled by bourgeoises. This reveals in the novel when Hinston describe about the infrastructure, rules ,telescreens – how people are always under surveillance , thought crime, face crime and the life of ordinary people who are living there. This explains the theme because the whole society was under the surveillance of Big Brother they all are treated as a slaves who are putted into jail in 24 hour surveillance. If the society members protest against it, they are get executed and being killed. They all are living in a darkness, for which they are responsible for themselves. This is how capitalism affects in 1984 in which society have to suffer. Lastly, the element critique of the society is being used to show that 1984 is critique on changes of capitalism ,When Hinston talks about how the government is using the society for their own benefits and to increase their powers. when he says, the problem turning without increasing the reel week of the world. Goods must be produced ,but they must not be distributed. And in the practice the only way of achieving this way by conditions welfare (page 148) this reveals that the system/society at that time isShow MoreRelatedCompare the Functionalist and Marxist Views on Social Stratification1734 Words   |  7 Pages2004). Those who belong to a particular group or stratum will have some awareness of common interests and a common identity. They also share a similar lifestyle which, to some extent, will distinguish them from members of other social strata (Lenski, 1984). Social stratification involves a hierarchy of social groups and they either enjoy or suffer the unequal distribution of rewards in society as members of different social groups. Four principles are identified which help explain why social stratificationRead MoreCompare the Functionalist and Marxist Views on Social Stratification1740 Words   |  7 Pages2004). Those who belong to a particular group or strat um will have some awareness of common interests and a common identity. They also share a similar lifestyle which, to some extent, will distinguish them from members of other social strata (Lenski, 1984). Social stratification involves a hierarchy of social groups and they either enjoy or suffer the unequal distribution of rewards in society as members of different social groups. Four principles are identified which help explain why social stratificationRead More Criticism of Capitalism in The Great Gatsby by Fitzgerald Essay1520 Words   |  7 PagesCriticism of Capitalism in The Great Gatsby by Fitzgerald      Ã‚  Ã‚   In The Great Gatsby, Fitzgerald creates an artificial world where money is the object of everyones desire.   The characters, the setting, and the plot are very deeply submerged in a Capitalism that ends up destroying many of them.   Fitzgeralds criticism of Capitalism can be seen as a move to subtly promote Socialism, an ideology in which value is placed on the inherent value of an object rather than its market value.   InRead More Oedipus the King - Exploited or Exploiter? Essay915 Words   |  4 Pagesarises to dominate a working class of unconscious individuals (Cole 76). In order to counteract this negative trend, a society must rid itself of the caste-like class system that divides its peoples into different economic and social levels. Marxists argue that in a democratic or monarchical society, two major classes come into being: the Bourgeoisie, or exploiters, and the Proletariat, or exploited. Marx and Engels believed that the upper class (Bourgeoisie) controlled the financial situationRead MorePsychoanalysis And Marxism And 19842034 Words   |  9 Pages Psychoanalysis, Marxism, and 1984 Applying modern theoretical lenses to historic works can lead to an alternate understanding of a text - perhaps one the author did not intend. Novels, like George Orwell’s 1984, can be analyzed through multiple lenses. The strongest analysis, however, can be conducted through the lenses of Marxism and psychoanalysis. Through these complementary lenses, readers gain an understanding of social constructs (Marxism) and the effects of these constructs on human behaviorRead MoreMarx And Engels s Marxism On Class And Class Struggle1362 Words   |  6 Pagesexplain things by look at the world differently, the purpose is to look at the existence of a world or of forces beyond the natural world around us, and the society we live in. It looks for concrete, scientific, logical explanations of the world. The Marxist theory developed when Karl Marx and his friend Frederich Engels wrote The Communist Manifesto in 1848, focuses on class in societies, Marxism attempts to change the world w hile other philosophies look to merely understand it. Marx wanted to betterRead MoreA Marxist Approach Of Orwell s 1984 Essay7236 Words   |  29 PagesGomez 22 Jasmine Gomez Dr. Nakhai ENG 381 12 December 2016 A Marxist Approach to Orwell?s 1984 In a time of universal deceit - telling the truth is a revolutionary act. - George Orwell George Orwell lived in a time that was highly critical of the oppression that existed as a result of communistRead MoreA Critical Analysis of Homi K. Bhabhas How Newness Enters The World: Postmodern space, postcolonial times and the trials of cultural translation1610 Words   |  7 PagesJamesons theory of the postmodern, which Bhabha calls his theme park. Both of these, according to Bhabhas framework, are attempts to keep the conversation of humankind going and to preserve the neo-pragmatic universe. (212) Bhabha elucidates his criticism of Jameson by re-visiting the poem China, which Jameson had earlier commented upon in his book4. He contests Jameson for not appropriating the newness of China but translating it back into certain familiar terms. He destabilizes Jamesons periodizationRead MoreHigher Ground: Marxism in DeLillos White Noise Essays1839 Words   |  8 Pagescomments rendered through the text of a novel. â€Å"For the practical links,† he states â€Å"between ‘ideas’ and ‘theories’ and the ‘production of real life’ are all in this material social process of signification itself† (133). Williams asserts that a Marxist approach to literature introduces a cross-cultural universality, ensuingly adding a timeless value to text by connecting creative and artistic processes with the material products that result. Like Williams, Don DeLillo calls attention to the economicRead MoreGeorge Orwell s 1984 : The Idea Of A Government System Essay2015 Words   |  9 PagesBig brother is the idea of a government system that has total control over its people and is constantly watching every move that each citizen makes. In George Orwell s 1984, the characters are controlled by the idea of big brother. In 1984, there is a ruling government called Oceania, which regulates its people with intense and strict guidelines. Oceania has a say so in decisions that individuals in the United states would be able to make on their own such as chocolate rations and the amount of

Essay about Minority and majority rights - 1792 Words

The rights of many people versus the rights of an individual is certainly a vexing concept. Like a delicate balancing act; if one side is favoured over the other it causes a rift in the already strained relationship between the minority and majority. Evidently, the justification of taking any side must be valid, according to the theories of H.L.A. Hart. In the past, Canadian law has violated the rights of minorities; however, these violations have decreased in their severity as time has passed on. Some cases where the balance between minority and majority rights is questioned is in The Canadian Indian Residential School System, Bill 101, Equality in the Workplace and The Public Service Act. To begin, Aboriginal rights have, historically,†¦show more content†¦The Act was amended for the first time in 1885, the amendment prohibited religious practices and traditional dances. The validity of these laws is questionable. According to H.L.A. Hart’s philosophies: these measures were not valid. Laws are to protect society from exploitation and violence of the weak and vulnerable; instead children were taken out of their homes and forced into a new strange environment where they were likely abused. One of Hart’s theories says that: for a law to be valid, rules should be obeyed because they make sense, not because of the fear of punishment. In these residential schools the Children were forced to dress, speak and act in a European manner – they would receive harsh punishments otherwise; clearly, this is not valid. It was a serious violation of human rights for a minority group in the human population. Canada has recognized this and in 2007 a 1.9 bill ion dollar compensation package was put together for those who attended residential schools; a formal apology was also delivered by Stephen Harper to residential school students in 2008. Therefore, Canada has severely violated the rights of the Aboriginal minority in the interest to assimilate them into Canadian society; the mistake was recognized and compensation was given. It is no secret that French-English relations in Canada have been strained in the past and still are – albeit to a lesser extent.Show MoreRelatedMinority And Majority Rights : Canada1389 Words   |  6 Pages Minority and Majority Rights in Canada Olivia Gomes CLU 4U1 Mr. McCormick Tuesday, November 11, 2014 In recent decades of Canadian history, Canada’s social and political change has rapidly formed visible minority and majority groups- Canada has had formally entrenched a constitution, withstood two attempts by the Quebec’s provincial government to secede from the federation, and undertaken a radical shift in immigration policy that tripled the visible minority population. These changesRead MoreThe Concept Of Majority Rule With Minority Rights Essay1336 Words   |  6 Pagesof majority rule with minority rights. This is an idea formed from the principles of democracy that encompass American government. We must analyze democracy and compare it to the American government. Minority rights should be understood as those that are unalienable; human rights exempt from persecution. From this information, we will understand when, if ever, it is ok to impose one’s will over another Democracy is a government in which citizens make political decisions based on majority ruleRead MoreComparing Foss V Harbottle Rule And Derivative Action1664 Words   |  7 PagesIntroduction The protections under the Corporations Act suffice to guard the minority from the majority’s unfair wrongdoing. In fact, the Australian corporate law provides significant protections on shareholders. To support the argument, this essay discusses Foss v Harbottle rule and derivative action. It also elaborates exceptions to the rule, especially ‘fraud on the minority’ and statutory protections available for the minority protection under the Corporations Act. These are analysed in views of organicRead MoreMinority Shareholder Rights- Case780 Words   |  4 PagesTo: Joe Brock From: Sue Smith, CPA Subject: Minority Shareholder Rights Facts: Joe Brock is a minority interest shareholder in Big Corporation. Leslie Ross is a shareholder that owns less than 50% of the voting shares, but has the majority of the voting shares and thus has taken control of the corporation. According to SFAS 94, due to this control, Leslie Ross must consolidate his interest with Big Corporation. Mark Jones, a minority shareholder, is in a position of management for the companyRead MoreMinority And Minority Groups726 Words   |  3 Pagesform of minorities. There are immigrants, indigenous peoples, handicapped people, and in many societies women, etc. In every society there is also a sense of pride for the people who may consider themselves true Canadians for example. This is called nation-building. In other words, it allows people to build their identities. The majority and the minority get to experience nation-building. Since the majority has a stronger chance at building an identity the state grants rights to the minority groupsRead MoreThe I mportance Of Minority Rights826 Words   |  4 Pagesthe rights of the minority groups. Some minority rights seem to conflict with liberal rights, for an example forcing women to stay home. (Freedman, 30 October 2017). In this essay, I will argue that the state should not endorse rights that infringes with the equality of the rights of a minority, therefore inhibiting the state’s ability to treat all of its citizens with equal concern and respect. Bill 62 and African Americans are two examples of the majority not being tolerant of the minorities rightsRead MoreProtecting interest of the minority Shareholders1625 Words   |  7 Pagesï » ¿Protecting interest of the minority Shareholders M S Siddiqui Legal Economist and pursuing PhD in Open University, Malaysia e-mail: shah@banglachemical.com The over-investment by directors is not good for the stock market and it should be addressed properly to find a way out and safeguard interest of minority shareholders from the experience of other markets, writes M S Siddiqui†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. http://www.thefinancialexpress-bd.com/2013/11/25/5614 In Asian countries including Bangladesh, theRead MoreJames Madison s Ideology Of Democracy1504 Words   |  7 PagesAmerican citizens have many rights and freedoms protected by the constitution and laws passed by the United States government. The United States is the land of the free, the home of the brave, where all men are created equal, and where one has the right to land, liberty, and property. However, for some Americans, it has not always been an easy journey to having these basic rights that all Americans are theoretically born with. African Americans are one of the groups that have been oppressed for centuriesRead More Affirmative Action: Keeping minorities down for 30 years. Essay1509 Words   |  7 Pages nbsp;nbsp;nbsp;nbsp;nbsp;The subject of affirmative action in college admissions has been hotly debated since its inception. Although affirmative action was originally supported by the vast majority, that same majority is now starting to wonder if there is a better way. Commonly asked questions include: â€Å"Is affirmative action still working?† and â€Å"Is there an alternative?† The answers to each of these questions will provide insurmountable evidence that affirmative action in college admissionsRead MoreAnalysis Of The Book Romeo And Juliet And Great Expectations 1662 Words   |  7 Pageslibraries, The House on Mango Street and Uncle Tom’s Cabin are hidden away, stories of minorities boxed in by cardboard and majority rule. While America’s student body becomes increasingly diverse (and schools rush to adapt), some say curriculum has stayed monochromatic by regularly painting the story of the white majority while failing to represent minority backgrounds and experiences fairly and leaving minority students struggling to relate to texts presented in the classroom. Others say the American

Intern At The Duquesne Light Company - 1680 Words

During the spring semester of 2016, I was fortunate enough have the opportunity to intern at the Duquesne Light Company in downtown Pittsburgh. During the course of my internship, I had the title of IT intern while working in the IT Department, specifically IT Planning Control. In IT Planning Control, we are responsible in a more managerial capacity. My supervisors oversee the business side of the IT, budgets, billing tools, and general business oversight. During my time there, I worked on a day to day basis with Patti Weiss, my other main supervisor was David Wolfe, who is part of the IT Leadership Team. During my internship, I was given multiple opportunities that allowed for me to both work in teams and independently, giving me a†¦show more content†¦It was definitely one of the more rewarding experiences to see my work go to use. It was also a huge help with my own personal understanding of database modeling and database structures. I feel that through this knowledge, I could definitely have a higher comfort level in a role that relied on a good amount of database knowledge. Another one of the tasks that I got to take on had to deal with our lease agreements. At Duquesne Light, we use various cell tower sites to attach our own equipment that picks up readings from meters, and then bounces those readings back to a data center. In order to attach our equipment, we pay leases to various companies that own the spaces that we use. The majority of our leases are paid on a yearly basis, but some of them are paid on a monthly basis. Up until now, we had only had our files semi-decently organized files put away into the filing cabinets and scattered throughout a network drive with very little organization. Because of this lack of organization, we were paying many of our lease agreements past their due dates and forcing us to incur late fees on top of our payments. I took on the task of organizing these files and setting up a payment schedule inside of our company SharePoint, which was being far underused. I had to go through and check the payment dates and find out when they were supposed to be paid, organize them in an offline backup, and take them online to SharePoint. By doing this, we have been able to avoid paying

The New Stadium Fantasy Sport’s Effects on Sports...

Fantasy sports has evolved from its humble roots as the niche Dungeons Dragons-esque intersection of sports fandom and statistical nerdiness. According to Fantasy Sports Trade Association market research conducted by Ipsos, there are over 36.6 million people playing fantasy sports in the United States and Canada and is a rapidly growing industry that generates over a billion dollars per year. The once maligned cult hobby has grown into an undeniable sports subculture, commanding regular coverage from all major sports networks, in addition to active online communities, podcasts, and even paid services catering to fantasy sports players. With the development of such a massive fantasy sports community, one has to wonder whether the†¦show more content†¦Team success takes a backseat to individual success in fantasy sports; if individual players on a losing team do well, that is considered a success in fantasy, yet if all players are statistically mediocre in a winning team effo rt, that results in a poor fantasy outcome. I set out to analyze the extent to which fantasy sports affected the social bonds established by traditional sports. The expected result was that as involvement in fantasy sports increased, social reasons for enjoying sports would decrease. I focused the research on fantasy football for convenience purposes, as it is the largest and most active of the fantasy sports communities. Furthermore, as I participate in fantasy football myself, I already had an understanding of not only the specific knowledge and jargon, but also of the current trends and developments. This allowed me to gear the research towards this particular community, and helped connect to respondents as one of their own as opposed to an outsider. I tested my hypothesis in several ways, both quantitatively and qualitatively, with the hope that my dual approaches would support one another and help guide my research towards a comprehensive answer. Quantitatively, I administered online surveys to online fantasy football communities on Facebook and reddit to a self-selected convenience sample over a one week period. Qualitatively, short interviews were conducted both in person and via

Community Development and Youth Work

Question: Discuss the issues in the child, relevant theoretical concepts and organizational support? Answer: A child needs complete care and guidance from the environment. The care and support that a child gets in the early stage helps the individual to become a successful youth. Once a child does not get the required amount of resources in the childhood, it will affect the person in the future. The report will throw light on a case study where a fifteen-year-old boy is deprived of the love and care of the parents. The report will analyze the case and determine the practices that could have helped in the development of the child. Issues in the child The main problem that Jamie could face in the future is developing a good career. During the childhood, he is not getting the exact amount of care and support that he should get from the parents. His father is not with them and his mother is mentally ill. Hence, there is a lack of a person in the family, who could have helped Jamie in deciding the future. However, Jamie attends the youth club, takes part in the school sports and has a group of friends. Due to the social engagement, Jamie is able to get out of the depressing conditions at home. The guidance of the parents is required for the development of the career of a person. Jamie is a young boy who is in his adolescence. Adolescence is the sensitive period for a person as it is the time when a person goes through various mental and physical changes (Heywood 2013). In addition to this, the process of cognitive learning develops in this phase. Thus, it was important for Jamie to get a good guidance from school as well as from fami ly. The family must have taught him the importance of love and care as it helps the child to develop. The love and care that a person gets from the family helps in cognitive development in a child. The child learns the meaning of family, which later helps the person to develop his own family in the future (David and Weinstein 2013). As Jamie has seen that his father has left the family, he might also repeat the same actions when he will grow up and start a family. In this manner, the act of ignorance will prevail in the society and the future of a child will always be under the clouds of doubt. Relevant theoretical concepts The situation of Jamie can be related to the cognitive development theory as presented by Jean Piaget (Piaget 1976). Jean Piaget has explained that a child can be described as a little scientist who learn everything that he or she is seeing in the environment. Just like a scientist deduce the inference by carrying out the experiment and after a series of observation, a child also observes what is going on around the person and then develops an idea about the environment where the person lives. The issues that have been discussed in the case of Jamie shows are the lack of guidance from his parents. His father has left them and his mother is not well. In a age when the parents should have taken care of the child, it is the child who talking care of the ailing mother. It might happen that through the experience, Jamie builds an idea of looking after the parents, loving them and caring for them, however, it might happen that things turn out otherwise (Sun and Shek 2012). While learning t o care for people Jamie might learn to be ignorant like his father (Sun and Shek 2012). As his father has left them, he might develop the feeling of ignorance and leave his wife and children while he starts the families thus, it is important for a child to get a proper learning when he is growing up. A strong family background and proper and support from the family will help a child to learn about the bigger responsibilities and the child will be prepared for any adverse circumstances in life (Christens and Peterson 2012). Organizational support Many organizations as well as professionals provide help to the children as well as the parents of the children to help them develop a healthy childhood. The Council for Professional Recognition imparts training to the teachers who could help in development of the child ("Early Childhood Organizations - Council for Professional Recognition" 2016). The organization teaches the teachers that other than teaching, a teacher needs to make the student learn about the environment and society where the children develop as a whole. Council for Professional Recognition aims at developing a childs rather than just teaching the child from the curriculum. ASPIRA Association Inc. is another non-profit organization, which is serving for the development of the child since 1961 ("Organizations Serving Children and Youth | Association for Library Service to Children (ALSC)" 2016). ASPIRA mainly aims at providing resources to the youth who cannot afford them. ASPIRA helps the youth to take proper training which could help them is developing their career. However, an organization can help the youth by making them learn soft skills, which the individual can use for future purposes. The training will be a way of getting out of the hardship of life, simultaneously develop new skills. The organization will give the guidance that the youth lack in their homes and eventually help them to establish themselves in the professional world. Conclusion The report concludes that the cognitive learning process is important in the development of a child. A child who is not getting the guidance of the parents might not be able to develop a career, as the person is not getting the correct advice and support. There are certain organizations, which help in the development of a child. However, it is recommended that an organization should impart soft skills to a person who is having a disturbed family background. In addition the resources, the person should get the training and guidance which will be helpful for the indicial to develop a career and decide which field will be best suited for the person. References Christens, B.D. and Peterson, N.A., 2012. The role of empowerment in youth development: A study of sociopolitical control as mediator of ecological systems influence on developmental outcomes.Journal of youth and adolescence,41(5), pp.623-635. David, T.G. and Weinstein, C.S. eds., 2013.Spaces for children: The built environment and child development. Springer Science Business Media. Early Childhood Organizations - Council for Professional Recognition. (2016). [online] Cdacouncil.org. Available at: https://www.cdacouncil.org/resources/find-ece-organizations [Accessed 5 Mar. 2016]. Heywood, J.S., 2013.Children in Care: the development of the service for the deprived child(Vol. 5). Routledge. Organizations Serving Children and Youth | Association for Library Service to Children (ALSC). (2016). [online] Ala.org. Available at: https://www.ala.org/alsc/externalrelationships/organizations [Accessed 5 Mar. 2016]. Piaget, J., 1976.Piagets theory(pp. 11-23). Springer Berlin Heidelberg. Sun, R.C. and Shek, D.T., 2012. Beliefs in the future as a positive youth development construct: A conceptual review.The Scientific World Journal,2012. Sun, R.C. and Shek, D.T., 2012. Positive youth development, life satisfaction and problem behaviour among Chinese adolescents in Hong Kong: A replication.Social indicators research,105(3), pp.541-559.

Case Study of Exclusive Emerald Gems Pty Ltd †MyAssignmenthelp.com

Question: Discuss about the Case Study of Exclusive Emerald Gems Pty Ltd. Answer: Introduction Exclusive Emerald Gems Pty Ltd or EEG is an Australian resident company which is engaged into manufacturing of jewellery which is then sold directly to the retail stores. The balance sheet of the company has been provided. Further, there are certain transactions that have happened and particular tax advice needs to be tendered to the company underlining the potential implications in light of the applicable tax statutes. Discussion The company has decided to shift the business operations from July 1, 2017 and has sold the business and the underlying capital gain implications need to be estimated for the company. In the given case, there would be capital gains implications as the capital event A1 has happened in line with s. 104-10 ITAA 1997 (Barkoczy, 2017). For computation of the capital gains/(losses) on disposal of a particular asset, it is imperative that in accordance with s. 110-25, the underlying cost base of the asset needs to be determined. The cost base would not only consist of the acquisition cost but would also consider the incidental costs related to buying and selling of asset, title maintaining, the ownership costs along with the capital expenditure incurred for enhancing the value of the asset (CCH, 2013). Business Premises Buying price of business premises = $ 1,310,000 Interest paid on loan related to acquisition of business premises (Cost of ownership) = $ 165,000 Legal fees and agent fees (Incidental cost related to selling) = $ 45,000 Hence, total cost base of the business premises = 1310000 + 165000 + 45000 = $ 1,520,000 Selling price of business premises = $ 1,810,000 Hence, capital gains on disposal of business premises = 1810000 1520000 = $ 290,000 Residential Premises Buying price of residential premises = $ 550,000 Legal fees and agent fees (Incidental cost related to selling) = $ 12,000 Hence, total cost base of the business premises = 550000 + 12000 = $ 562,000 Selling price of residential premises = $ 670,000 Hence, capital gains on disposal of residential premises = 670000 562000 = $ 108,000 Net capital gains for 2017 = 290000 + 108000 115000 = $ 283,000 Thus, the company would have to pay CGT @30% on the capital gains of $ 283,000 for the year ending on June 30, 2016. In relation to the valuation method deployed to represent the value of the trading stock, three options are available in the form of cost, market value and replacement value and any of these may be deployed by the taxpayer (s. 70-45).Also, in accordance with IT2670, trading stock implies goods that the concerned taxpayer has the right to dispose off irrespective of whether the title and physical possession exists or not (Gilders et. al., 2016). For the given situation, the taxable income can be maximised if the inventory valuation is more due to which the amount reflected in cost of goods sold would be lesser. It is apparent that the market value is the highest at $ 245,000 and hence this valuation method must be deployed. Further, in relation to the stock from Malaysia, it is apparent that given the facts even though physical possession and title possession is not confirmed, but still there is right of disposal available with EEG and hence it is appropriate to consider the same as trading stock or inventory as on June 30, 2017. For the writeoff in bad debts to the tune of $ 20,000 a deduction would be available under s. 25-35 since the following four conditions are satisfied (Sadiq et. al., 2016). The debt was in existence The debt in actuality has gone bad The debt has been written off within the given income year The debt contributed to EEGs assessable income For the doubtful debts to have a tax implication and be deducted, it is essential that it must be first written off and only then s. 25-35 could potentially imply. Hence, no tax implications arise at the present for the doubtful debts (CCH, 2013). In relation to the annual leave payments, expenses to the tune of $ 155,000 would be considered as deductible for tax purpose as per s. 8(1) ITAA 1997. The estimates are not important, it is the amount incurred in a given income year that is essentially vital (Woellner, 2014). It is known that the adjustable value of plant and machinery amount to $ 210,000 However, it was sold for $ 190,000 It is apparent that the termination value of the depreciating asset is lesser than the adjustable value of the asset. Hence, there would be a loss which could be available as a capital deduction that could be adjusted against any potential capital gains. However, it is noteworthy that the same cannot be deductible directly for tax purposes as it is not an revenue expense but rather a capital adjustment (Nethercott, Richardson and Devos, 2014). Hence, capital gain deduction to the extent of $ 20,000 would be available. It is apparent that in the given case, the vintage motor vehicle would be recognised as a collectible and also the cost price of the car is more than $ 500. Hence, capital gains need to be computed. Cost price of the car = $50,000 Ownership Costs (Interest) = $ 1,500 Total cost base of the car (s. 110-25) = 50000 + 1500 = $ 51,500 Selling price of the car = $ 77,000 Hence, capital gains realised = 77000 51500 = $ 25,500 Also, in line with s. 115-25, owing to the individual taxpayer (Mrs. Smith) and long term capital gains, 50% discount would be available. Thus, $12,750 would be the taxable amount for CGT application. For foreign tax residents, CGT is applicable only if the underlying property is taxable in Australia (s.855-10). Also, discount of 50% as per s. 115-115 is applicable for foreign residents provided the acquisition of property was before May 8, 2012 and also 12 months had elapsed as on that date (Barkoczy, 2017). Shares in EEG The couple has acquired shares in 2004 and hence for the capital gains derived on the sale, the discount method would be applicable and the remaining gains would be taxable in Australia despite the couple being foreign tax residents. Motor Vehicle For motor vehicle, no CGT is applicable irrespective of the underlying tax residency and hence the details are not relevant. Shares in ABC For shares, assuming that these were purchased more than a year before May 8 2012, the discount method would be applicable and 50% capital gains would be exempted while the remaining would be levied CGT in Australia. The implications of the share sale assuming foreign tax residency has already been outlined above. Since, the couple has acquired shares in 2004 and hence for the capital gains derived on the sale, the discount method would be applicable and the remaining gains would be taxable in Australia despite the couple being foreign tax residents (Deutsch et. al., 2016). Total buying price for the shares of one member = 100*100 = $ 10,000 Selling price for the shares of one member = 500*100 = $ 50,000 Hence, capital gains realised by one member = 50000 -10000 = $ 40,000 Further, as per s.115-115, 50% discount would be availed. Thus, it is apparent that for each of the shareholders, a capital gains of $ 20,000 would arise on which CGT would apply. Conclusion Using the relevant tax statute along with the concerned tax rulings, the advice has been provided to EEG and the owners in relation to the respective tax implications for the various proposed transactions. It is expected that the same would be adhered to by the company and requisite tax payments would be made on a timely basis to avoid any adverse consequences in relation to winding up businesses and shifting to New Zealand. References Barkoczy,S. (2017), Foundation of Taxation Law 2017, 9thed., North Ryde: CCH Publications CCH (2013), Australian Master Tax Guide 2013, 51st ed., Sydney: Wolters Kluwer Deutsch, R., Freizer, M., Fullerton, I., Hanley, P., and Snape, T. (2016), Australian tax handbook 8th ed., Pymont: Thomson Reuters, Gilders, F., Taylor, J., Walpole, M., Burton, M. and Ciro, T. (2016), Understanding taxation law 2016, 9th ed., Sydney: LexisNexis/Butterworths. Nethercott, L., Richardson, G. and Devos, K. (2016), Australian Taxation Study Manual 2016, 4th ed., Sydney: Oxford University Press Sadiq, K, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, and Ting, A (2016) ,Principles of Taxation Law 2016, 8th ed., Pymont:Thomson Reuters Woellner, R (2014), Australian taxation law 2014, 7th ed., North Ryde: CCH Australia