Partnership is the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all. An essential element of partnership is to have an agreement and wherever a change takes place in this relationship it results in reconstitution of the partnership firm. Reconstitution of the firm may happen under any of the following circumstances and as a result there will be a change in the profit sharing ratio: 1) Change in the profit
Premium Gain Ratio Profit
Steps to mitigate data breach 4 Conclusion 6 References 6 Executive Summary A data breach at a credit card payments processing firm Global Payments potentially impacted 1.5 million credit and debit card numbers from major card brands Visa‚ MasterCard‚ Discover and American Express (money.cnn.com) in April 2012. Company Background Founded in 1967‚ Global Payments (NYSE:GPN) is one of the largest electronic transaction processing company based out of Atlanta‚ GA and operations in several European
Premium Credit card Debit card Computer security
nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever there
Premium Balance sheet Liability Asset
Daniel Elizondo INTB Case Study 2 October 2‚ 2014 Anglo American PLC in South Africa What are the pros and cons of Anglo American’s adoption of an aggressive strategy in combating HIV/AIDS among its South African workforce? What recommendations would you give the company concerning its HIV/AIDS policy? The pros behind Anglo American’s ART program are the fact that they took the initiative to step up and help their workers prevent the transmission of AIDS‚ treat AIDS‚ and provide other services
Premium HIV South Africa AIDS
FUNDAMENTALS OF LEADERSHIP 2012 Mid-Semester 1: Graded Case Study Assignment: “The Vision Failed” MARKING COVER SHEET STUDENT ID:1166350 FINAL MARKS (1st marker) Question 1: If you were consulting with the HTE Board of Directors soon after Harold started making changes‚ what would you advise them regarding Harold’s leadership from a transformational perspective? As a transformational leader Harold fails to demonstrate the 4 I’s and as such his reforms will
Premium Management
Challenging Human Rights John F. Kennedy once said‚¨ The rights of every man are diminished when the rights of one man are threatened.” If it came to notice that the rights of every man are being tested‚ not just by the law‚ but society‚ there could be positive steps taken to protect basic human rights‚ thus resulting in desirable conditions to defend the rights of everyone. Society defying the law and rights has been a constant struggle for years‚ and will continue to go on if our rights are
Premium Law Human rights
Challenging the Social Norm. “Story Of An Hour” by Kate Chopin is a telling story about a woman‚ Mrs. Mallard‚ who’s given the horrible news that her husband has passed away in a train wreck. Devastated by her husband’s sudden death‚ she excuses herself and immediately rushes to her bedroom; this is where readers see a different side of Mrs. Mallard. In time she has taken on a different angle of life. Although obviously upset about her husband’s sudden death‚ Mrs.Mallard has something to be
Premium Kate Chopin Life The Story of an Hour
Young People: The Greatest Hope for Turning the Tide Young people remain at the centre of the HIV/AIDS epidemic in terms of rates of infection‚ vulnerability‚ impact‚ and potential for change. They have grown up in a world changed by AIDS but many still lack comprehensive and correct knowledge about how to prevent HIV infection. This situation persists even though the world has agreed that young people have the human right to education‚ information and services that could protect them from harm
Premium HIV AIDS Human sexual behavior
working in partnership between parents and practitioners in early years settings and primary schools and how can we make this as effective as possible? Chapter 1- Introduction. The purpose of this Independent Study is to investigate and determine how working in partnership between parents and practitioners affects the lives of the children‚ their families and the staff at the setting. I will focus my research predominantly on how we as parents and professionals can ensure this partnership has a positive
Premium Research Scientific method Quantitative research
yet different from the majority of the people in the world… it is the way of life common to a group of people‚ a collection of beliefs and attitudes‚ shared understandings and patterns of behaviour that allow those people to live together in relative harmony‚ but set them apart from other peoples.3 culture is also that aspect of our existence which makes us similar to some people‚ yet different from the majority of the people in the world… Indigenous peoples have rich and diverse cultures
Premium Indigenous peoples