Harmonization of Commercial Law Essay Example | Topics and Well Written Essays - 1750 words

Harmonization of Commercial Law - Essay Example 1. Preamble Law is vital to dealing with any disputes that arise out of human interaction. Over the centuries, laws have been developed to facilitate human activities in myriad spheres including business and commercial transactions. In the earliest days such laws were generally confined to regional borders and other such boundaries where a single government had enough authority to enforce such laws. However, increasing human interaction necessitated the expansion of trade to beyond frontiers where any one government operated thus leading to a certain liquidity in international business and commerce. On the one hand such liquidity has helped businesses to grow and expand into newer markets and on the other hand these interactions have resulted in disputes that are not covered by the regular cover of law. The historical evolution of laws in various nations and cultures has meant that laws are differentiated around the world. Hence, national laws may not be able to provide legal cover i n transnational and international commercial interactions. In order to deal with this problem there has been talk and action to develop a harmonised set of laws that govern international commercial transactions. ... In order to boost enforceability there has been a teeming move to harmonise such laws so that each nation or other such territorial or other such distinction has uniform laws. This approach to commercial international law has resulted in yet more unique circumstances than ever before. Nations and other such entities have begun framing laws to govern international commercial transactions which are merely similar in nature. It has been argued that these laws are more of a problem in themselves rather than a solution to the predicament at hand. The laws dealing commercial international transactions are seen to be inherently flawed in the manner that they are drafted and enforced in leading to more problems than before. In order to deal with this dilemma it has been suggested that the more appropriate approach would be to devise methods that would encourage states to draft and enforce private dispute laws in the context of international commercial transactions. The current approach relie s heavily on delineating various rights, roles and responsibilities of parties involved in international commercial transactions rather than dealing with dispute resolution upfront. It has been suggested that international commercial law can be simplified if the enforcing government concentrates on dispute resolution than delineating rights because it would allow involved parties to make better contractual choices. This text will attempt to analyse this claim in relation to international commercial law by looking at how harmonisation is supposed to function in principle and how it is actually being used. The shortcomings in current law harmonisation techniques will be looked into fully including drafting and enforcing laws. This will be taken further into

Impact of Data Warehousing and OLAP Models on Management Accounting Thesis

Impact of Data Warehousing and OLAP Models on Management Accounting - Thesis Example The use of OLAP and BI tools enable the management accountants to acquire accurate information about all departments. With these tools, a management accountant can draw ideas from the previous happenings of the organization even without much knowledge about the external factors that would lead to collapse of the organization. Owing to these facts, this research work has conducted an in-depth analysis of the impact of OLAP and data warehousing on management accounting. This research work has used the quantitative method of data collection to get opinion from 25 participants from various organizations. The questionnaire has been divided into six sections. The research model has been based on these questions and selected control variables. Statistical analyses in SPSS have been performed on the quantitative data collected to identify the influence of the independent and control variables on the main dependent variable. Descriptive statistics, correlation analysis and regression analysis have been conducted to study the relation between the variables. Based on the analyses it has been found that the factors like familiarity of the organization about OLAP, expertise level and compatibility of accounts department staff, the OLAP cube structure, availability of skilled personnel and the documentation of BRS have major influence on the choice and implementation of OLAP. In addition, the implementation of OLAP is found to have major impact on management accounting procedures leading to improved decision making business strategies.... o 14 2 Identification of research problem 15 3 Main research question and Hypotheses 17 4 Aim and Objectives of the Research 18 5 Methodology of research 18 6 Structure of the research 20 Chapter 2 – Literature Review 21-36 2.1. The Traditional Accountant 21 2.2. Challenges faced by The Traditional Accountant 22 2.3. Transition of role 23 2.4. The Data Marts 24 2.5. Introduction to OLAP 25 2.6. OLAP models 26 2.6.1. Data analysis in OLAP 26 2.6.2. OLAP components 26 2.7. The role of OLAP 30 2.8. Mapping the BI 30 2.9. Database Design 32 2.10. Warehouse Management 33 2.11. Challenges and implications of BI tools 35 2.12. Chapter summary 36 Chapter 3 - Theory and Hypotheses 37-51 3.1. Foundation of the study 37 3.2. Familiarity of Organizations 37 3.3. Planning of organizations for OLAP 41 3.4. Changes in other departments and OLAP 43 3.5. Compatibility of management accountants with OLAP 45 3.6. Contribution of OLAP to business strategy 47 3.7. Contribution of OLAP to accountin g 50 3.8. Chapter summary 51 Chapter 4 – Research Framework 52-87 4.1. Research methods 52 4.1.1. Survey Research methods 54 4.1.2. Qualitative survey method 54 4.1.3. Quantitative survey method 56 4.2. Sample selection 58 4.3. Data Collection 59 4.4. The Research Model 64 4.4.1. Identification of variables 65 4.4.2. Dependent variable 65 4.4.3. Independent variables 65 4.4.4. Control variables 68 4.5. Research model with variables 70 4.6. Diagnostic tests and issues 72 4.6.1. Descriptive Statistics 73 4.6.2. Inferential Statistics 74 4.7. Overview of SPSS 76 4.7.1. Algorithms supported in SPSS 78 4.7.2. SPSS modeling 78 4.8. Statistical analyses in SPSS 79 4.8.1. Data preparation for SPSS analysis 79 4.8.2. Bivariate and Multivariate Analyses 80 4.8.3. Correlation in SPSS 83 4.8.4. Regression