Labor Union Electrical Training Program

There are many places in the United States where you can get training as an electrician, either for your own basic around-the-home repairs or to build yourself a great new lucrative career as an
electrician. One school in California devotes itself to nothing but electrical training for those who can demonstrate the skill and the ambition to follow through. Lets take a look at what it offers.

In Los Angeles County, California, for example, electrical training is highly regulated and legislated. The International Brotherhood of Electrical Workers IBEW and the National Electrical Contractors Association NECA are committed to compliance and electrical training that teaches the
methods, tools and regulations to apprentices in the union labor force. The organized workers and administrators realize how important electricians are to the construction process. They have put together an institute for electrical training that teachers journey level electricians the basics of working with logic control systems that are programmable as well as the complex data that are found in today's commercial and residential buildings.

This labor union electrical training program is actually funded by private industry, with contributions coming from the union workers themselves and by their employers. Those apprentices taking part in the training dont have to pay tuition and even get paid a living wage for their hands-on learning.
Apprentices in the training program work under a journeyman electrician who teaches them the electrical trade both in the classroom shop and on the job site. Classes are held in the evenings for at least six hours each week. Wage increases are given periodically dependent on reports of work experience, grades in the classroom and attendance.

Electrical apprenticeship training lasts for five years. Every apprentice attends at least 160 classroom hours each year. They almost must complete a minimum of 8000 hours on the job.

The electrical training program is the NECA and IBEW way of showing customers and potential customers that they are committed to producing highly qualified electricians. As a result of this training the jobs that this work force takes on are completed on deadline with the highest quality products and work. Call backs are a rarity.

Once the initial electrical training at the institute is completed the learning has not ended, however. Its an ongoing process, especially in light of the various green energy projects around the state and the nation. One of the primary goals of the electrical training is the instruction in work place safety. All electrical training courses teach safety. One course is devoted to a safe workplace. Its not just a matter of keeping electrical workers safe, either. The electrical raining takes into consideration that while electrical projects are being completed in retail, office or other commercial environments, employees of the client may continue to work in the facility. They must be kept safe as well.

Electrical technology is evolving continuously and the electrical training institute is away from that. Each graduate electrician is keep up on the latest industry developments and continuing education electrical and related courses are offered on a periodic basis.

Side Effects of Making Money Online at Home

Today most of us who work online and make money at home face many peculiar problems which are specific to those who work from home on internet. These drawbacks I think will take a large shape in next few years when most people in society will start working at home online. Earning money online at home which is today just beginning of a trend and most of its drawbacks are undiscovered and unstudied. This trend of working from home and earning money online can pose serious threat to our social structure other than a number of problems for individual at family level. Working from home on internet is like working in a virtual environment and virtual office, where everything that exists now may not exist tomorrow or even after a few minutes. These

1. No time for family or All time for family: All those who earn money working at home face this problem. It is very difficult to balance online work and family issues. There are times when there is no time for online work as one gets engaged in one issue after another at home, and it becomes really very difficult to concentrate on online work. On other occasions when an online worker is busy in some online project for hours and days he hardly finds any time for family. Although he is at home he isn’t aware of what is going on because he has developed a workplace, an office environment at home and whenever he is free he tends to think about his online work and earning money.

2. No time or place to relax : Home is a place called ‘Home sweet home‘ now if we are working full time in this place, within the space that was earlier meant for relaxation. Earning money and doing work often comes with stresses, which come and go but with ‘online work at home’ all these things happen in a place where we used to relax. During stressful period there is no time to relax, as the solution to the problem lies in more work and spending more time online. Next is the problem of place to relax, it is very difficult to find relaxation in the same place where you work even if its home.

3. No social interaction : When we earn money online by working at home, we hardly move out of the house, because if we are earning good money, we’ll like to work more and earn more money due to greedy human nature. On the other hand if we are not earning any money or are losing money then we will like to make some changes and improvements in our work, therefore we’ll spend some more time online at home. This means we don’t interact with society, we spend our time in online societies which are virtual. This is one of the major drawback which will bring a major change in social structure as people will work at home and spend time online, resulting in a poor and meek society. A subject of interest for social scientists.

These are some of the side-effects of making money online at home, may be these are not thought provoking but they do exist and have a major impact on both our earning money online and working at home. This article is just a brief outline and just a preliminary report. These issues must be considered before starting a full time home based earning program, as everyone can’t make adjustments all the time even if he is earning good money online working at home.

How to Become a Millionaire – Here’s 3 Ways

It’s something that we all dream about and chances are if you had one wish you’d ask to be a millionaire right? But how can you become a millionaire is there some special knack or insider secret or is it just down to luck?

As I see it there are only really three ways to become a millionaire the first is to win the lottery now if you’re a person that likes to gamble this may seem a perfectly logical way for you to make a million the only flaw in your plan are the odds of winning, they are impossibly stacked against you. You stand more chance of marrying into money than actually winning it.

The Second way you can become a millionaire is to steal it. Conning or robbing people is not a very honourable way to build a fortune not to mention the dangers involved with criminal activities, not least the threat of spending time behind bars and losing all your ill gotten gains. Like disgraced businessman Bernard Madoff who pleaded guilty to the largest investment fraud ever committed estimated at 65Billion Dollars.

The Third way you can get wealthy is probably the hardest but ultimately the most ethical and most satisfying, it can be broken down into two separate fields so want to know how to become a millionaire? Yes well here goes…

In this world ordinary people are not rewarded for their skills. However, if you are extraordinary or have a rare highly sought after skill, you can be paid very very well think of top sportsmen or actors both have sensational but rare talents, not everyone can do what they do right?

The other way is to become an entrepreneur, forget about working for someone else you will never become a millionaire while working for a boss. The time to make it as an entrepreneur is now and the best way to be successful is to help people by solving their problems. If you can provide services or information that can solve people’s problems whether they be emotional, physical, or financial you can make money.

Think of The Hilton’s they solve problems by providing luxury accommodation for holidaying people. Or British Airways solving the problem of faster transatlantic travel, or even Bill Gates who solved computer compatibility problems with his now legendary windows operating system just think where we would be now without it, would you be even reading this?

So there you have it the real secret to being a millionaire is to be extraordinary and try to solve people’s problems and with the power of the Internet you can do this now easier than ever I hope you have enjoyed this article and you know have a better idea of how to become a millionaire.

Financial Reporting & Auditing in Singapore

The Accounting Profession of Singapore

The Institute of Certified Public Accountants of Singapore (ICPAS) is the national body representing the accounting profession in Singapore. It maintains a register of qualified accountants comprising mainly local graduates. Membership is open to members of the Institutes of Chartered Accountants of England and Wales, Australia, Scotland, Ireland and a number of other accounting bodies. Generally, prior to being admitted as a full member, they must attend a week-long pre-admission course. Members are designated as certified public accountants (CPA).

The Public Accountants Board, whose council members are appointed by the Ministry of Finance, licenses and registers accountants who wish to practise. It also handles practice monitoring, disciplinary matters and regulations on professional conduct.

Accounting Records in Singapore

All companies incorporated under the Companies Act are required to maintain books of accounts that sufficiently explain the transactions and financial position of the company.

The books may be kept either at the company’s registered office or at another place the directors think fit. If the books are maintained outside Singapore, sufficient records must be maintained in Singapore to facilitate the preparation and/or audit of financial statements that reflect accurately the company’s financial position.

Sources of Accounting Principles

Financial Periods Commencing before 1 January 2003 The principal source of accounting principles in Singapore, namely Statements of Accounting Standards (SAS) and Interpretation of Statements of Accounting Standards (INT), are issued by ICPAS. These standards are essentially International Accounting Standards (IAS) modified for certain transitional provisions. They provide guidelines on the accounting measurements and disclosure requirements. Businesses may depart from such standards if the standards conflict with disclosure exemptions granted by law. Otherwise, ICPAS may take disciplinary action against any of its members who are in violation of the standards.

Rules on accounting measurements are generally established by SAS and INT. Disclosure requirements are governed by SAS, INT and the Companies Act.

ICPAS is a member of the International Accounting Standards Committee (IASC). Compliance with IASC standards are not mandatory, but the institute supports the IASC objectives of formulating and publishing standards for observance during presentation of audited financial statements and promoting worldwide acceptance of such standards.

Financial Periods Commencing on or after 1 January 2003 With the implementation of section 37 of the Companies (Amendment) Act 2002, SAS issued by ICPAS will not be used with effect from annual financial periods commencing on or after 1 January 2003. Instead, Singapore Financial Reporting Standards (FRS), issued by the new accounting standards-setting body, the Council on Corporate Disclosure and Governance (CCDG), are now effective. FRS are essentially adopted from International Financial Reporting Standards (IFRS). The previous SAS were adopted from the same set of IFRS (formerly referred to as IAS) but with modification to certain transitional provisions. Consequently, there are differences between FRS and SAS.

Interpretations of Standards are authoritative guidance on the application of the relevant standards. CCDG adopted all international interpretations as Interpretations of FRS (INT FRS) with effect from financial periods beginning on or after 1 January 2003.

Compliance with FRS is a statutory requirement whereby any non-compliance amounts to a breach of the Companies Act by the directors.

Financial Reporting in Singapore

The Companies Act requires that an audited set of financial statements, made up to not more than six months before every Annual General Meeting, is to be presented to the shareholders at the meeting. Generally if a company incorporated in Singapore has one or more subsidiaries, it must prepare consolidated financial statements unless it meets certain criteria as provided for in FRS 27 Consolidated and Separate Financial Statements. Currently, financial statements under the Companies Act consist of the balance sheet, income statement together with explanatory notes. With the Companies (Accounting Standards) Regulations 2002 coming into operation for financial periods on or after 1 January 2003, a complete set of financial statements will comprise the balance sheet, income statement, statement of changes in equity, cash flow statement and explanatory notes.

The financial statements must be accompanied by the directors’ and auditors’ reports and by a statement from the directors declaring that the financial statements show a true and fair view and that it is reasonable to believe that the company can reasonably pay its debts as they become due.

Companies which meet specific provisions in the Companies Act may be exempt from having their accounts audited but nevertheless must prepare financial statements that comply with the Companies Act.

Annual Requirements for Companies in Singapore

The Companies Act requires every company, except for those exempted in accordance with the provisions in the Act, to appoint one or more auditors qualified for appointment under the Accountants Act to report on the company’s financial statements. The auditors are to ascertain whether proper books of accounts have been kept and whether the financial statements agree with the company’s records. They will then report on the trueness and fairness of the financial statements to the shareholders at the Annual General Meeting.

Audit Exemption Starting with the financial year beginning on or after 15 May 2003, the following companies are no longer required to have their accounts audited. However, they are still required to prepare accounts (and consolidated accounts where applicable) that comply with FRS.

o Small exempt private companies An exempt private company with revenue in a financial year below S$5m is exempted from appointing auditors and from audit requirements. Revenue is defined according to the statutory accounting standards, i.e. the FRS.

o Dormant companies A dormant company is exempted from appointing auditors and from the audit requirements if it has been dormant either (a) from the time of its formation or (b) since the end of the previous financial year. A company is considered dormant during a period in which no accounting transaction occurs, and the company ceases to be dormant on the occurrence of such a transaction. For this purpose, transactions arising from the following are disregarded:

  • Taking of shares in the company by a subscriber to the memorandum
  • Appointment of company secretary
  • Appointment of auditor
  • Maintenance of a registered office
  • Keeping of registers and books
  • Fees, fines or default penalties paid to the Registrar of Companies