Free Topic : Land Pollution

    Agriculture still plays a very important role in the development of Malaysia and a lot of emphasis has been laid on it. Too much perhaps, the wildlife that thrives so abundantly among us has been placed in danger.

   In Cameron Highlands, in the state of Pahang, one of the many places where vegetables as well as tea which it is famous for, is planted, human activity has taken it’s toll on the fragile environment.  Large scale farming has caused thousands of acres of forest land to be ploughed up and the habitat of thousands, maybe even millions of wildlife has been destroyed. Many wildlife flee or migrate to escape the dangers and activities of man. Unknown to them, they cause an imbalance in their ecosystem,  making some areas too densely populated with predators and not enough food to go around.

   

Pesticides used in agriculture also plays a main role in the degradation of the environment. Many of these pesticides contain non biological ingredients and can cause abnormal changes in any wildlife that comes across it. In other words, these chemicals can cause wildlife to mutate. Not only insects to which the pesticides are aimed towards are affected, but also the animals which feed on them and they can eventually end up in human bodies.

    

Pesticides pollute the earth, making it useless as well as poisonous after all the nutrients have been sapped out from it.  Thus the land may lay barren and empty for years before it is able to recover its normal pH level and nutrients. Pesticides also flow into the rivers and streams and eventually seas, causing pollution as it continues its seaward journey. 

    Pesticides, if used at a minimal amount, is harmless and even helps in the production of agriculture by eliminating unwanted pests. But pests soon build up a defense system and are eventually immune to the effects of the pesticides and become very hard to get rid off. So, farmers have no choice but to increase in the amount of pesticides. The effects are unimaginable. 

    Logging too has made its mark in the degradation of nature. Malaysia is forced to become a dumping site to the millions of tons of rubbish thrown every week due to her sharp increase in the population. This has become a major headache to everyone in the country. 

Various Types of Common Business Exposure

An exposure consists of the potential financial effect on an event multiplied by its probability of occurence. An exposure is a risk times its financial consequences.

*  Excessive Costs
      -  Reduce profits.
      -  Every expenditure made by an organization
          is potentially excessive.

*  Deficient Revenues
      -  Reduce profits.
      -  Bad debts expense on credit sales may be
          excessive.

*  Loss of Assets
      -  Assets may be lost due to theft, acts of
          violence or natural disaster.
      -  An organization has custody a large
          quantity of assets, all of which are subject
          to loss. Assets may be lost unintentionally.

*  Inaccurate Accounting
      -  Accounting policies and procedures may be
         error-prone, inappropriate or significantly
         different from those that are considered to
         be generally acceptable.

*  Business Interruption
      -  May consist of a temporary suspension of
         operations or ultimately the termination of
         operations and end of the organization.

*  Statutory Sanctions
      -  Include any penalties that may arise from
          judicial or regulatory authorities who have
          jurisdiction over an organization and its
          operations.

*  Competitive Disadvantage
      -  The inability of an organization to remain
          viable in the marketplace.
      -  might result from any combination of the
          previous exposures and also might result
          from ineffective management decisions.

*  Fraud and Embezzlement
      -  Fraud is the intentional perversion of truth
          in order to induce another to part with
          something of value or to surrender a legal
          right.
      -  Embezzlement occurs when assets are
         fraudulently appropriated to one's own use.

Midsem Examination is Around the corner

As time went by so fast and mid semester examinations is around the corner and will begin soon. Mixed feelings right now with tutorials plus a lot of assignments that not stop until the day of the last day before the examination begins. 

I hope I will be able to answer the examination very well and smoothly. I also hope that my health is good so that I can give my full attention and focus on the examination.


SO, WISH ME LUCK !!

Differentiate The UBS Terms below :

- Period vs Accounting Period -

Period ~>  The sequence of accounting month. Period 1 refers to first accounting month ; Period 2 refers to second accounting month and so on.

Accounting period ~> time period reflected by a set of financial statements.

- Add entry vs Quick entry -

Add Entry ~>  A single transaction entry procedure. When we enter a debit entry, we have to add credit entry or vice versa to complete the double entry concept.

Quick Entry ~>  A double transaction entry procedure. When we enter one side of double entry, the system will generate the other side of the entry automatically. We need to nominate a Master Account.

- Clear files/Generate sample chart vs delete unwanted transactions -

Clear files/ Generate sample chart ~>  Delete all transaction, batches titles and accounts number that we have done before.

Delete Unwanted Transaction ~>  First, we need to choose transaction, then print batch of transaction. After that, we select the batch and then select the transaction that we want to delete of. We have to type ten start on reference number (**********) and we have ti type debit and credit =0. Then we just click SAVE and OK.

- Edit vs. V.Edit -

Edit ~>  Users need to modify one by one, means it will take more times to done editing.

V.Edit ~>  Help users to modify transactions easier and faster because it does not need to do editing one by one.