Final Paper Essay Example for Free

Final Paper Essay Target corporation is one of the biggest retailers there is out there, bringing in an estimate of $74 million dollars a year in revenue. Majority of Target revenue is earned during the busiest time of the year, which are Black Friday and holidays. Target has had a huge positive reputation because of the â€Å"Expect More Pay Less† promise and giving 5% back to the community. However, Target has been going through some hard times because of the Target breach that occurred during the holidays of 2013. This research paper will focus first on introducing the Target breach and how it has affected the company and what the company has done to fix the problem. Moving forward, I will focus on internal controls that Target could have applied and summarizing everything towards the end. Target Breach Internal Controls Target Corporation is a well known and respected retail store out there. Target is a corporation that buys goods from manufactures at a purchase discount price and reselling it to consumers in a higher price to make a profit. Target has brought in revenue of $74 million dollars a year and continues to grow every year. However, Target has gone through some hard times with the Target breach that just occurred during the holidays of 2013. Consumers have had a hard time trusting their card readers and loyalty and sales have been dropping ever since. The question that is now in the air is what internal controls that company had during this breach and what could they have done to avoid this breach that just occurred. To begin with, the company was running perfectly and driving outstanding sales until the company and guest found out that they had a breach, also known to the community as the â€Å"Target Breach. Target corporation confirmed that a major data breach occurred between Black Friday and December 15, 2013, which includes many of the most important shopping days of the year† (Edelson, 2013). Ever since the Target breach, the company’s reputation was hurt, consumers were not confident about shopping, and are afraid of using the card readers at the stores. Later in time, after the breach was announced, the company had given further information on how the breach affected the people. It is believed that the breach affected roughly 40,000 card devices at store registers, which could mean that millions of cardholders could be vulnerable, according to the people familiar with the incident† (Sidel, 2013). On top of the 40,000 card devices being affected, 40 million people’s credit card and debit card information was stolen. The CEO of Target Corporation later released to the press and announced that personal information such as address, names, phone numbers, and e-mail address were also taken from the Target system. After reading about the Target breach, being an assistant manager for Target, and hearing about the tragic that has been caused, I remember feeling upset because of the way the company was going to be affected. However, it also reminded of the internal control concept that was thought in class. There was a lot of fraud involved with the Target breach, which is something that occurs when it comes to intern control. â€Å"Fraud refers to any act by the management or employees of business involving an internal deception for personal gain. Fraud may include, among other acts, embezzlement of business cash, theft of assets, filing false insurance claims, filing false health claims, and financial statement fraud† (Ferris, Wallace, Christensen, 2014, pg. 314). With the Target breach, you are able to see the fraud triangle concepts, which consist of pressure, opportunity, and rationalization. Being employed by Target, that concept came into mine when reading the article because there was an e-mail sent to management about believing that an employee that worked with the POS (point on sale) system had a lot of inside information within the system. The pressure was there to get information from the POS system and rationalization was involved when they knew that they can get credit card information. The opportunity occurred when they knew the busiest time of the year was going to be Black Friday and majority of the sales are driven in that day. From all that has occurred it is not clear what internal controls Target had in order to avoid this situation. Internal controls are important when it comes to businesses in order to avoid situation like the Target breach. There are two parts that I believe that important when it comes to internal controls, which are prevention control and detection control. A â€Å"prevention control is intended to deter a problem or fraud before it can arise† (Ferris, Wallace, Christensen, 2014, pg. 316). Target should have followed the prevention control with the POS system in order to avoid the Target breach. A â€Å"detection control, on the other hand, is designed to discover any problems or fraud shortly it arises† (Ferris, Wallace, Christensen, 2014, pg. 316). Target followed the detection control after the problem of the breach was brought and took justice in their own hands in order to fix the problem. The first thing Target did was post a prominent message on its Web site, â€Å"Important notice: unauthorized access to payment card data in the U. S. stores. † The message linked to a letter alerting customers that a breach occurred and outlining steps Target is taking to a voice a recurrence† (Edelson, 2013). Another step that Target has taken is bringing justice for the information was that was stolen out of their systems. Target had invested $5 million dollars into a multi-year campaign in order to stop phishing scams (Target, 2013). â€Å"Target has longstanding history of commitment to our communities, and cyber security is one of the most pressing issues facing consumers today,† said Steinhafel. â€Å"We are proud to be working with three trusted organizations-the National Cyber-Forensics and Training Alliance (NCFTA), National Cyber Security Alliance (NCSA) and Better Business Bureau (BBB)- to advance public education around cyber security† (Target, 2013). Target has gone to long measures to protect the information of the guest and reinsure loyalty by offering ProtectMyID, which keeps track of credit reports, monitoring, and identity theft (Target, 2013). As an apology to the guest, Target offered a 10% off discount to all guests which were a huge success for the company but numbers of transactions was cash paid. Being an employee for Target, we are still determine to follow our core roles, continue delivering the â€Å"Expect More Pay Less† promise, and delivering an excellent shopping experience for our guest in order to continue driving profitable sales and guest loyalty. In order to avoid this situation and detect the problem ahead of time, Target should have incorporated the following elements that are designed for prevention and detection controls. The first element is establish clear lines of authority and responsibility, which is giving authority to a supervisor or manager but also evaluation their consequently to companies policies and rules. Implement segregation of duties, â€Å"requires that when allocating various duties within the accounting system, management should make sure that no employee is assigned too many different responsibilities† (Ferris, Wallace, Christensen, 2014, pg.317). Hire competent personnel, which the company sees if that person has the education and qualified skills to perform that job. Use control number on all business documents, which is having all important documents with control numbers. Develop plans and budgets, which is having a plan and budget in order to bring the company forward. For example, the $5 m illion dollars that were invested in the anti fraud software in order to bring guest loyalty back. Maintain adequate accounting records, which is making sure that the company has the most recent accounting records. For example, the number of fraud claims that were reported under guest bank statements in order to reinvers their money back. Provide physical and electronic controls, is locking their doors or important files to prevent theft, which should have happened with the POS system. Conduct internal audit, â€Å"is a company function that provided independent appraisals of the company’s financial statement, its internal control, and its operations† (Ferris, Wallace, Christensen, 2014, pg. 319). In conclusion, we are able to see how the company was impacted from the breach that had occurred and the actions that the company has taken in order to fix the problem. People information had been stolen and finances have been tampered through it. We are able to see how internal controls play an important part when it comes to finances, accounting, and to businesses such as Target. If the proper elements and procedures had been applied with internal control I am sure that all of this could have been avoided or reduced.

Health Care Reform: Losing More Than You Think Essay -- Health Care

President Obama has made healthcare reform a priority since the beginning of his presidency. Obama wants to implement a system similar to Medicare. As defined by Dictionary.com Medicare is: â€Å"a U.S. government program of hospitalization insurance and voluntary medical insurance for persons aged 65 and over and for certain disabled persons under 65†. This government based health insurance would still allow private insurance companies to stay in business. Another way Obama wants to change the health insurance companies is to expand coverage and improve the care given. What this means is people with cancer could possibly get health insurance in a case where no one else would cover them. This will also help to lower insurance plan costs. There are pros and cons to Obamas healthcare plan, but it might not be worth the cost or the problems to try and enact it. Under the government plan, businesses would be required to pay a fee for subsidizing insurance, or they would be required to supply mandatory healthcare for employees. If mandatory healthcare laws were required, it would raise the cost of hiring new employees and would possibly limit employers from hiring new prospects. Every American would be required to buy insurance based on the government’s idea of â€Å"acceptable insurance.† Even if people were happy with their current insurance, they could be forced to change policies if their current insurance policies do not meet the government’s â€Å"acceptable† standards. This could put Medicare in competition with private insurance companies. People would be able to choose taxpayer-subsidized plans or private insurance, but subsidies and cost-shifting would make the government plans ultimately have more appeal. Through government research st... ...people will suffer the consequences of an inferior health system if the government enacts Obamas proposed healthcare system. Works Cited Coffin, Bill. "Bad Medicine." National Underwriter / Life & Health Financial Services 115.4 (2011): 16. MasterFILE Complete. Web. 25 Mar. 2012. Jeffrey B. English, M.D. "2011: Health Insurance Increases, Obamacare Responsible." Basil & Spice 14 Sept. 2010: Newspaper Source Plus. Web. 25 Mar. 2012. "Medicare." Dictionary.com Unabridged. Random House, Inc. 08 Apr. 2012. . "Mitt Romney Says 'Flawed' Obamacare Should Be Rejected. (Cover Story)." Human Events 65.28 (2009): 1. MasterFILE Complete. Web. 25 Mar. 2012. Tanner, Michael. "OBAMACARE: Seven Bad Ideas For Health Care Reform." USA Today Magazine 138.2770 (2009): 14. MasterFILE Complete. Web. 25 Mar. 2012.

Honesty Is The Best Policy

It is clear that the area of nanomedical applications and nanoparticulate pharmaceutical delivery advances will elaborate tremendously in the near future. Nanogel-drug formulations will be farther assessed in application to other drug consignment paths, such as oral, aerosolic or transdermal administration. A undertaking submission for nanogel-encapsulated NTP is aerosolic pulmonary drug consignment. In this mode of management, the fastest and most direct pharmaceutical delivery can be achieved, particularly for the treatment of lung cancerous disease and pulmonary diseases such as influenza, which are expanding worldwide.`Aerosolic drug-loaded nanogel particles can be easily administered deep into the lungs at first signals of infection. This timely remedy will save the airway epithelium from rapid degradation and development of critical secondary infections. Specific aimed at nanogels will be evolved as shortly as novel receptors and ligands are found out in the disease/virus-affec ted tissues and body parts. On the other hand, powerful metal-chelating properties of nanogels can provide added modalities in post-synthetic modifications of the carriers for diagnostic and therapeutic reason. Subsequent study will reveal the genuine potential of nanogels and nanogel formulations with nucleoside analogs in accomplishing more convoluted aims associated with methodical preclinical studies.Name of the Research Groups Contact Details Area of Research Dr Todd R. Hoare Associate Professor Department of Chemical Engineering McMaster UniversityDepartment of Chemical Engineering 1280 Main Street West, Hamilton, ON, L8S 4L7, CanadaOffice: JHE A409 email: [email  protected] Investigating nanogels which change their dimensions, their affinity with other chemicals in their environment, or their optical properties upon controlled changes to the gel environmentSiegwart Research group, The University of TexasGeneral Address 5323 Harry Hines Blvd. Dallas, TX 75390-8807 Office Pho ne: 214-645-6354 [email  protected] Siegwart LabPrepartion of cationic nanogel for nucleic acid delivery. The O’Hern Group,Yale School Of Engineering and Applied ScienceDepartment of Mechanical Engineering | Yale University | P. O. Box 208286 | New Haven, CT 06520-8286 Self-assembly of protein nanogels, and the structural and mechanical properties of cells and tissues.Name of the Research Groups Contact Details Area of Research Marina Resmini’s research group Queen Mary University Of London Queen Mary University Of London Mile End Road London E14NS TEL:+ 44(0) 2078825555 Polymeric Nanogels .New Junior Research GroupFreie UniversityFreie Università ¤t Berlin Kaiserswerther Str. 16-18 14195 Berlin Germany University Telephone Exchange: + 49 / 30 / 838-1Investigates Nanogels for Cancer TherapyGeorgia institute of technology group AtlantaGeorgia Institute of Technology North Ave. Atlanta, Georgia 30332Development of drug delivery vehicles for macromolecular therapeutics

What Would Go Through Your Head At The Moment Of Death

What would go through your head at the moment of death? Would it be your family, a love one, or a special person in your life or maybe a friend? What if you had to be with a love on the moment of their death? What would go through your head at the exact moment? Would you regret not spending enough time with them? In these two stories by Porter and Dickinson they talk about the moment of death. Both are very similar but different in many ways. Dickson s poem, it s a poem about a woman who had already passed away when she heard a buzz, unlike the short story by Porter which is about a woman who is about to pass away but is in refusal of death. The poem Dickson wrote about was as if it were our protagonist ghost telling us about the fly she heard on the far side of her grave. Unlike Porter’s short story which was told to us by the woman who is close to death. In the short story by Porter her state of denial is more like a must, she wasn t ready to pass and believed that the doctor should care for someone who was actually sick, trying to say she didn t need that care. Her state of denial was too strong that all she could think about was the man whom she has always loved. In the poem by Dickinson there seems to be a connection between the fly she hears buzzing and her death, which in a sense is quite spooky. Maybe it connects in a way because flies seem to be around bad odors and when someone dies, there body begins to smell and flies begin to come around. Throughout herShow MoreRelatedThink Before You Act763 Words   |  4 PagesThink Before You Act Everyday someone loses a person dear to them. You never know if it will be your last day here in this world. We all just live day to day and don’t realize tomorrow could be our last. It’s even worse when it could have been prevented. Choices we make can impact our lives and individuals around us. 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