Decision Usefulness Approach - 2877 Words

| Decision Usefulness Approach | Can the decision usefulness approach make financial reporting more useful? | | | | | Prepared by Jing Wang Abstract This paper explores the question whether the financial statements can be made more useful. This leads to an important concept in accounting-- the concept of decision usefulness. To properly understand this concept, this paper outlines other theories from economics and finance to assist in conceptualizing the meaning of useful financial statement information. The main purpose of this paper is to introduce the concept of decision usefulness approach, related†¦show more content†¦Therefore, in order to adopt the decision usefulness approach, three major questions must be addressed: 1. Who are the users of financial statements? It is helpful to categorize users into broad groups, such as investors, creditors, managers, unions, standard setters, and governments, etc. These groups are called constituencies of accounting. * Investors * Holders of equity securities, such as common stocks, preferred shares * Holders of partnership interest * Other equity holders or owners * Creditors * Purchaser of debt instrument * Lend economic resources * Manager * Inside financial statements provider and user * Has a different incentive of using financial statements than outsiders’ * Other users (provide resources) * Employees – provide human capital in exchange for salary, remuneration and pension. * Suppliers – extend credit to facilitate sales. * Customers – prepay for goods and services. * Union, standard setters and governments-provide policies and regulations. In order to take a close look into various financial statement users’ behaviour, two theories or concepts should be outlined here: * Single-person decision theory Single-person decision theory takes the viewpoint of an individual who much make a decision under conditions of uncertainty. * It suggests how a rational individual makes optimal decisions in the presence of uncertainty. * ItShow MoreRelatedMeasurement Approach to Decision Usefulness1497 Words   |  6 PagesMEASUREMENT APPROACH TO DECISION USEFULNESS †¢ (184) MEASUREMENT APPROACH: i. ii. iii. Accountants (not investors) â€Å"undertake a responsibility† To incorporate CURRENT VALUE ACCOUNTING directly in to the F/S Provided â€Å"reasonable (37) reliability† iv. v. a. b. As part of an â€Å"increased obligation† of the accounting profession â€Å"To assist investors to predict future performance and value† Performance = N.I. Value = share price vi. Via a â€Å"more informative information system† Read MoreAn Exploration Of Andrew Lennards Article : Stewardship And The Objective Of Financial Statements1473 Words   |  6 Pagesof financial reporting, specifically; stewardship and decision-usefulness, and whether these should be a single joint objective, or two separate ones. Through his writing, Lennard educates his readers on the argument and helps them develop their own opinions. The base of the article is built around IASB’s preliminary views which work on the conceptual idea that the financial reporting framework should have an objective of decision-usefulness, and enough information will be able to be drawn fromRead MoreFinancial Accounting Theory the Reporting Environment1578 Words   |  7 Pagesto explaining why current practice is carried out in the manner that it is (positive theory). Normative theorists usually attempt to derive either the ‘true income’ or adopt the ‘decision — usefulness’ approach whereby accounting reports are an input into users’ decisions (e.g., to buy or sell shares, management decisions on the financial wealth of firms, etc.). The major issues are the impact of the changing price environment (prices) and the impact on income, assets, liabilities and equity. As aRead MoreEssay On Learning Transfer1325 Words   |  6 PagesProgram Evaluation Model The Decision-based Approach The decision-based approach is appropriate for a program established to increase retention because it allows questions to be utilized in the guidance of the program rather than objectives serving as the criteria for the program (Spaulding, 2014). Questions are asked by those directly involved in the program, such as directors that seek clarity to an issue like retention among adult learners. The decision-based approach allows questions to be presentedRead MoreFinancial Accounting Theory - Ball and Brown Study1674 Words   |  7 Pagesimpact the share price, is the efficient capital market. Namely, the efficient security market will go hand in hand with full disclosure. Once the relevant information provided by the management on the timely basis, the rational investors could make decision based on the new information. Moreover, there are some differences between the narrow window and the long window, the previous one show the strong relationship between the financial report and the changes in share price. In long window, the priceRead MoreUsefulness and Reliability of Information Provided By Corporations1474 Words   |  6 Pagesreporting is the usefulness and reliability of information provided by corporations. The financial accounting standard board defines usefulness as the information that is useful for the users in decision making (FASB, 2011). Reliability is inferred when the information is verified, objective, and can be relied on. Therefore, Statement of Financial Accounting Standards No. 157 standardizes the valuation and disclosure of fair value for assets and liabilities in order to achieve both usefulness and reliabilityRead MoreHow Models Can Be Beneficial For Sustainability Science?1042 Words   |  5 Pagesthat will lead to the best decisions regarding the longevity of environm ental systems and how to go about ensuring the sustainability of these systems. Models can be beneficial in sustainability science and provide useful information pertaining to scientists and policy makers, but that requires proper use and implementation. Models have some risk associated with them in regards to sustainability science, and if not considered, a model can have shortcomings in usefulness. By looking at both the valuesRead MoreAmerican Idol Case632 Words   |  3 Pagesdefinition of the problem presented when Marcello amp; Litzenberger analyze that professionals resistance to pursing marketing research. b) Only Mentioned Development of an Approach to the Problem.- This step occurs when they identify the information that they needed to make their objective (demonstrating the usefulness of marketing research) or theoretical framework come true, and make hypotheses. c) Research Design Formulation.- This next step is acquired when the characters decided to â€Å"whatRead MoreA Business Perspective Of Management Discipline1299 Words   |  6 Pagesbusiness sense and we look at them in the world of medicine and law there are several key similarities. These include but are not limited to the fact that there are tough decisions that need to be made. Decisions that affect the outcome of day to day activities, projects, and what not are all effected by people making tough decisions. Furthermore I believe that the discipline relates to how in most cases and most of the time people either in management, medicine, or law attempt to make the greatestRead MorePrincipal vs Rule Based Accounting1733 Words   |  7 Pagesfocused on objectives and hence user-friendly to the masses. (3) It is said that rules provide greater comparability due to application of consistent rules on events and transactions. Furthermore, Sunder’s article argues that IFR S’s principle-based approach introduces more judgement, â€Å"giving rise to greater variability in application than a more detailed rule†. However, comparability can be enhanced under PBA if more disclosures are made on key judgements made. (4) Due to its authoritative and prescriptive

The Conditions For Factory Workers In Nineteenth Century...

The Conditions For Factory Workers In Nineteenth Century Britain In the nineteenth century some people thought that factories were the best thing that ever created in Great Britain, however, workers inside them thought differently. No group was as exploited as children, who were put to work before they could read or write.Children were employed in industry and agriculture as soon as they started using their hands and were able to walk. They worked in farms, mills, factories, coalmines and on the streets. They sacrificed having an education for working long hours for little money, working in unacceptable conditions for employers who had no interest in safety. Children were put to work†¦show more content†¦The Factory Act, 1833 was an attempt to set up a normal working day in a single department of industry, textile manufacture. The way in which it planned to do this was the following: The working day was to start at 5.30 a.m. and stop at 8.30 p.m. A young person (aged thirteen to eighteen) might not be employed beyond any period of twelve hours, excluding one and a half for meals,and a child (aged nine to thirteen) beyond any period of nine hours. From 8.30 p.m. to 5.30 a.m.; that is during the night,the employment of such people was forbidden. The Factory Act of 1844 is an extremely important one in the history of family legislation. The Act reduced the hours of work for children between eight and thirteen to six and a half a day, either in the morning or afternoon, no child being allowed to work in both on the same day, except on alternate days, and then only for ten hours. Young persons and women (now included for the first time) were to have the same hours, i.e. not more than twelve for the first five days of the week (with one and a half out for meals), and nine on Saturday. Certificates ofShow MoreRelatedPositive Aspects Compared to the Negative Aspects of the Industrial Revolution1404 Words   |  6 Pagestelevision would disappear. Most of the stocks on the shelves of department stores would be gone. Over the course of a century, Britain went from a largely rural, agrarian population to a country of industrialized towns, factories, mines and workshops. Britain was, in fact, already beginning to develop a manufacturing industry during the beginning years of the early 18th century, but it was from the 1730s that its growth accelerated. Although some parts of the Industrial Revolution can be seen asRead MoreLaissez Faire Vs. State Intervention1467 Words   |  6 Pages1800s: Laissez-faire vs. State Intervention What does, exactly, ‘laissez-faire’ mean? According to the Oxford dictionary, this French term means literally ‘allow to do’, however, in nineteenth century Britain, this word was used to define a new policy of non-intervention in free market affairs by governments, in order to allow things to follow their own course without any external help, as suggested from some of the most famous economists of the era, as Adam Smith, his followers Thomas Robert MalthusRead MoreEuropean Factory Workers and Urban Artisans718 Words   |  3 Pagesthe eighteenth century much of Europe was experiencing an industrial production, furthering toward a more industrial society. Many people were supporting the new society, while others were criticizing it. From 1845-1847 Europe was experiencing poor harvests, which caused the Irish famine. Irish peasants died from starvation, while others migrated. Artisans and factory workers were undergoing a process called proletarianization. It was where an owner would pay a wage and the worker would lose allRead MoreThe Role of the Factory in the Early Industrial Revolution Essay777 Words   |  4 PagesWhat was the role of the factory in the early Industrial Revolution? What made the factory system possible? The Industrial Revolution in Great Britain is recognized as a period of great industrial capitalism, machine development, and emergence of the working class.1 The growth of factories began shortly after Richard Arkwright patented the spinning frame in 1769.2 Factories allowed for hundreds of unskilled workers to find jobs running machines and drastically changed their lifestyles as jobsRead MoreIndustrial Revolution : A Working Class Citizen1295 Words   |  6 Pagesof factories opened where goods were manufactured. These goods were created at a much faster pace than ever before, and required big machines and lots of physical labor. The labor came from the citizens in England who were former farmers who urbanized and moved to the cities. These people made up the working class in England and they provided the labor in the factories. For the most part the factories were very crowded, hot and dangerous for the workers. But was this life in the factory betterRead MoreThe Effect Of The Industrial Revolution On The Working Class987 Words   |  4 PagesIndustrial revolution started in Britain around 1750 and by 1850 it will make Great Britain the wealthiest country in the world. The revolution also spread to other European countries and the New World. Both Germany and United States will surpass Britain in the next fifty years. What was the effect of The Industrial Revolution on the working class? Spielvogels ´ text â€Å"The Foundry and Engineering Works of the Royal Overseas Trading Company Factory Rule† is from a factory in Berlin, 1844. It shows a setRead MoreModern Day Economic Conditions During The Industrial Revolution875 Words   |  4 PagesAlthough modern day economic conditions are vastly different when compared to the economic conditions that the British had while they were industrializing, China most closely resembles Britain as it entered into the industrial revolution. Today, China is one of the fastest growing industrializing economies in the world (GDP growth rate ~8%) and can credit this to their shift from an agrarian economy to an industrial economy, their abundance of natural resources, cheap labor, and rapid urbanizationRead MoreIndustrialization Of The Industrial Revolution1797 Words   |  8 Pagesaspect of live in the nineteenth century including technology, government, communication, environment and eventually society as a whole.1 Although industrialisation created many positives for modern society, for people in Britain up to the end of the nineteenth century it had many significantly negative consequences. With the long term advances made for society came the then current development of overcrowding cities abundant with pollution, health problems and poor living conditions for the working classRead MoreThe Industrial Revolution And The First World War2036 Words   |  9 PagesPrior to the Industrial Revolution, the workers in Western society mainly worked with agriculture. The economy depended on agriculture but this began to change at the start of the Industrial Revolution which dates back to 1712 with the invention of the steam engine. This invention led to a plethora of breakthroughs for industries such as the coal and iron industries. As a result of the enclosure movement, the poor who did not have a home were hired to work in the fields or in the cotton industryRead MoreSocial Changes During The Industrial Re volution1539 Words   |  7 PagesThe Industrial Revolution in Britain led to many social changes for the country as well as its people. Prior to the revolution, many people, especially of the lower class in terms of wealth, lived in the countryside where they worked fields to feed their own families. After the Industrial Revolution began, however, this all changed as the demand for more and more goods became abundant, and a method of increasing the supply was needed. Factories would be built in towns by the upper class business

Lucid Dreams Essay Example For Students

Lucid Dreams Essay What is Lucid Dreaming, and How Can I Control My Dreams?Info from totse.comThe term lucid dreaming refers to dreaming while knowing that you are actually dreaming. The lucid part refers to the clarity of consciousness rather than the vividness of the dream. It generally happens when you realize during the course of a dream that you are dreaming, perhaps because something weird occurs. Most people who remember their dreams have experienced this at some time, often waking up immediately after the realization. However, it is possible to continue in the dream while remaining fully aware that you are dreaming. Usually lucidity brings with it some degree of control over the course of the dream. How much control is possible varies from dream to dream and from dreamer to dreamer. Practice can apparently contribute to the ability to exert control over dream events. At the least, lucid dreamers can choose how they wish to respond to the events of the dream. For example, you can decide to face up to a frightening dream figure, knowing it cannot harm you, rather than to try to avoid the danger as you naturally would if you did not know it was a dream. Even this amount of control can transform the dream experience from one in which you are the helpless victim of frequently terrifying, frustrating, or maddening experiences to one in which you can dismiss for a while the cares and concerns of waking life. On the other hand, some people are able to achieve a level of mastery in their lucid dreaming where they can create any world, live any fantasy, and experience anything they can imagine. Because the laws of physics and society are repealed many people share a desire for lucid dreaming. The only limits are the reaches of your imagination. Much of the potential of dreams is wasted because people do not recognize that they are dreaming. When we are not lucid in a dream, we think and behave as if we are in waking reality. This can lead to pointless frustration, confusion and wasted energy, and in the worst case, terrifying nightmares. Anxiety dreams and nightmares can be overcome through lucid dreaming, because if you know you are dreaming you have nothing to fear. Dream images cannot hurt you. Lucid dreams, in addition to helping you lead your dreams in satisfying directions, enjoy fantastic adventures, and overcome nightmares, can be valuable tools for success in your life Lucid dreamers can deliberately employ the natural creative potential of dreams for problem solving and artistic inspiration. Athletes, performers, or anyone who gives presentations can prepare, prac tice and polish their performances while they sleep. This is only a taste of the varietyof ways people have used lucid dreaming to expand their lives. There are several methods of inducing lucid dreams. The first step, regardless of method, is to develop your dream recall until you can remember at least one dream per night. Then, if you have a lucid dream you will remember it. You will also become very familiar with your dreams, making it easier learn to recognize them while they are happening. If you recall your dreams you can begin immediately with two simple techniques for stimulating lucid dreams. Lucid dreamers make a habit of reality testing. This means investigating the environment to decide whether you are dreaming or awake. Ask yourself many times a day, Could I be dreaming? Then, test the stability of your current reality by reading some words, looking away and looking back while trying to will them to change The instability of dreams is the easiest clue to use for disting uishing waking from dreaming. If the words change, you are dreaming. Taking naps is a way to greatly increaseyour chances of having lucid dreams. You have to sleep long enough in the nap to enter REM sleep. If you take the nap in the morning (after getting up earlier than usual), you are likely to enter REM sleep within a half-hour to an hour after you fall asleep. If you nap for 90 minutes to 2 hours you will have plenty of dreams and a higher probability of becoming lucid than in dreams you have during a normal nights sleep. Focus on your intention to recognize that you are dreaming as you fall asleep within the nap. .u1c2200507e20189ac78fd797180c99a7 , .u1c2200507e20189ac78fd797180c99a7 .postImageUrl , .u1c2200507e20189ac78fd797180c99a7 .centered-text-area { min-height: 80px; position: relative; } .u1c2200507e20189ac78fd797180c99a7 , .u1c2200507e20189ac78fd797180c99a7:hover , .u1c2200507e20189ac78fd797180c99a7:visited , .u1c2200507e20189ac78fd797180c99a7:active { border:0!important; } .u1c2200507e20189ac78fd797180c99a7 .clearfix:after { content: ""; display: table; clear: both; } .u1c2200507e20189ac78fd797180c99a7 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u1c2200507e20189ac78fd797180c99a7:active , .u1c2200507e20189ac78fd797180c99a7:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u1c2200507e20189ac78fd797180c99a7 .centered-text-area { width: 100%; position: relative ; } .u1c2200507e20189ac78fd797180c99a7 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u1c2200507e20189ac78fd797180c99a7 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u1c2200507e20189ac78fd797180c99a7 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u1c2200507e20189ac78fd797180c99a7:hover .ctaButton { background-color: #34495E!important; } .u1c2200507e20189ac78fd797180c99a7 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u1c2200507e20189ac78fd797180c99a7 .u1c2200507e20189ac78fd797180c99a7-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u1c2200507e20189ac78fd797180c99a7:after { content: ""; display: block; clear: both; } READ: Timeline of My Broken Childhood EssayExternal cues to help people attain lucidity in dreams have been the focus of Dr. Stephen LaBerges research and the Lucidity Institutes development efforts for several years. Using the results of laboratory studies, they have designed a portable device, called the DreamLight, for this purpose. It monitors sleep and when it detects REM sleep it gives a cue, a flashing light that enters the dream to remind the dreamer to become lucid. The light comes from a soft mask worn during sleep that also contains the sensing apparatus for determining when the sleeper is in REM sleep. A small custom computer connected to the mask by a cord decides w hen the wearer is in REM and when to flash the lights.Words/ Pages : 848 / 24

Times of India Essay Example

Times of India Essay True learning is born out of experience and observation practical experience is one of the best types of leanings that one can remember throughout the life. After II semesters in learning theoretical aspects of administration and management, the day come to apply these incorporate world in content of modern industrial enterprise that has to go through its different terminal to achieve that corporate goals. The main object of practical training is to develop practical knowledge and experience and awareness about industrial environment and business practices in the student as a supplement to theoretical studies of administration and management in specific area like HRM. It increases the skill, ability and attitude of a student to perform specific job in industrial environment. Fortunately, I got golden opportunity to visit and complete my six week training at THE TIMES OF INDIA. Here, I got chance to see the functioning HRD departments and imbibe alot learning of the subjects THE TIMES OF INDIA is a wide Organization producing newspapers, the main productsincludeTimes of India, Economic Times, Radio Mirchi etc. It has developed in many fields. Today guess is a legend in the world of business and organisation at a home and abroad. 2 ACKNOWLEDGEMENT Through this acknowledgement, I express my sincere gratitude towards all those people who have helped me in the preparation of this project, which has been learning experience. We will write a custom essay sample on Times of India specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Times of India specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Times of India specifically for you FOR ONLY $16.38 $13.9/page Hire Writer I appreciate the co-operation by the management and staff of ‘THE TIMES OF INDIA’ for having given me -the opportunity to training in their office. I would like to thanks the Head Of the Department Dr. A. Kumar , the faculty , the librarian and the administrative staff of Department of Business Administration, Bhavnagar University, Bhavnagar, for their support. Finally, I express my sincere thanks to Mr. Ashok Solanki and Mr. Hemant Patel who guided me throughout the project and gave me Valuable suggestion and encouragement. INTRODUCTION OF THE TIMES OF INDIA The first edition appears on November 3, 1838 known as The Bombay Times and Journal of Commerce†. Later to be known as â€Å"The Times of India â€Å". The first edition appears on November3, 1838 known as The Bombay Times and Journal of Commerce. The issue is published twice a week. Dr. J. E. Brennan the first editor also Secretary of the Chamber of Commerce. Rs 30/- is the annual subscription. 1846 The new spaper experiences proprietary changes and Dr. George Brit appointed editor. 850 Shareholders decide to increase the share capital and the paper converted into a daily 1855 Telegraph Services opens up in India shortly afterwards, the paper signs an agreement with Reuters for raising news coverage and lowering subscription rates. That old tie was renewed in 2006 with the pact between TIMESNOW amp; Reuters 1861 Editor Robert Knight amalgamates The Bombay Times, Bombay Standard and Bombay Telegraph amp; Courier to form The Times of India and gives it a national character. 1880 The Times of India Weekly edition launched . The Times of India weekly edition launched, to meet the need for a weekend paper. This later came to be known as the Illustrated Weekly of India in 1923. TheTimes of India Weekly edition launched. 1890 Editor Henry Curwen buys TOI in partnership with Charles Kane. 1892 Following the death of Henry Curwen, T. Bennett becomes the editor and enters into a partnership with F. M. Coleman to form a joint stock company Bennett, Coleman amp; Co. Ltd. (BCCL). 1902 The paper moves in to its current office opposite CST. It started out at the Paris Bazar and then moved on to Church gate where things got so bad that editor Bennett had to complete his editorial elsewhere after the ceiling fan collapsed in his room. 907 Editor Stanley Reed revolutionises news production by extending the deadline to midnight. Until then any news that came in after 5pm was held over for the next day. TOIs first price war under editor Stanley Reed: price cut from 4 Anna’s to 1 Anna; circulation rises 5 times. 1923 Evening News of India launched 1929 The Times Of India Illustrated Weekly ren amed The Illustrated Weekly Of India 1930The Column Bombay 100 Years ago published 1930 The Column Bombay 100 Years ago published First movie review published 1940 First time news items appeared on the front page 1946 For the first time the paper transfers to Indian ownership. Seth Ramakrishna Dalmia buys out Bennett, Coleman amp; Co. Ltd. For Rs. 2 crores. 1948 Sahu Jain Group become the owners of the company. Shanti Prasad Jain is the first Chairman of the group 1950 ? Navbharat Times launched ?The TOI Crest changes from the lions to elephants ?Dharmayug, Hindi weekly pictorial magazine launched ?Frank Moraes succeeded Ivor Jehu to become the first Indian editor (1950-57)R K Laxman’s common man cartoon starts. * 1952 Filmfare- first film magazine in English launched * 1959 Femina- first women’s magazine in English launched * 1961 The Economic Times launched 1962 Maharashtra Times launched * 1965 Femina Miss India contest started. * 1987 Printing of The Times of India from Kandivili Press in Mumbai. * 1988 Times of India completes 150 years. Special stamp released by P amp; * 1991 BBC features Times of India amongworlds six great newspapers * 1994 Bombay Times, the sassy colour supplement that chronicles the changing lifestyle mores of a glo balising city is launched. * 1996 Times of India carry its first colour photograph. Times of India crosses 1 million mark in circulation. * 1998 BCCL enters into music market with Times Music. 1999 Indiatimes. com launched * 1999 BCCL enters music retailing business with Planet M and radio broadcasting business with Radio Mirchi * 2000 TOI crosses the 2 million mark in circulation. * 2001 TOI goes all colour and storms Delhi by beingNumber One * 2003 President APJ Abdul Kalam visits TOI to inaugurate Times Foundation * 2004 Television business launched with the launch of a lifestyle and entertainment channel called ZOOME Paper launched Times cape- the Times Group Intranet launched. Launch of the jobs portal Times Jobs http://www. imesjobs. com. Times Jobs. compioneered the concept of job fairs in India,branded as‘Big Leap’ * 2005 MT – Largest read Marathi Newspaper in Mumbai – IRSsurvey * TOI – Goes daily full colour * Mumbai Mirror launched TimesMa tri. com Launched in August re-launched as * SimplyMarry. com in December 2006. * 2006 TIMES NOW – TV News Channel launched ET – first newspaper available on cell phone Mumbai Mirror – Afternoon edition launched Offers Mumbai Mirror or Maharashtra Times as complimentary copy with TOI at a price of Rs. /- TOI – The only English language daily to feature among the top 10 with a readership of 131. 4lakhs- IRS Survey by Hansa Research Times Group MD, Mr Vineet Jain awarded the scroll of honour for being the new age media guru Hero Honda Indian TV Academy Awards Times cape the Times Group Intranet portal re-launched now powered by SAP Net weaver BCCL goes live on SAP systemMagicBricks. com – launched in October 2006 targets the Online Real Estate Space Smart Hire – launched April2006, is witnessing stupendous growth with its focus on providing organisations with end-to-end recruitment solutions. Ads2Book. com – The World’s Only Global Ad Booking Engine -Relaunched in August 2006With intensive Ramp;D, the Net-2-Print classifieds booking systemAds2Book. com was created and imbued with AI (artificial intelligence) that assisted users through the entire process of Creating, Booking amp; Paying for their Print Classified Ads, all from the comfort of their desktop. KEY MANAGEMENT amp; EDITORIAL HEADS KEY MANAGEMENT HEADS BCCL PROMOTERS amp; DIRECTORS Chairperson : Indu Jain Vice-Chairman amp; MD: Samir Jain Managing Director: Vineet Jain BOARD OF DIRECTORS Executive Director : Trishla Jain Executive Director amp; CEO : Ravindra Dhariwal Executive Director amp; COO : Shrijeet Mishra Executive Director amp; President: Arunabh Das Sharma Non-Executive Director: A. P. Parigi Non-Executive Director: Kalpana J. Morparia Non Executive Director: M. Damodaran Non Executive Director: Leo Puri Times Television Network (comprising TGBCL and ZEN) Group CEO (TV business): Sunil Lulla ZEN CEO: Avinash Kaul Times Internet Limited CEO: Satyan Gajwani Times of Money President: Avijit Nanda Times Business Solutions Ltd CEO: Satyan Gajwani Times VPL CEO: Sunil Rajshekhar Worldwide Media CEO: Tarun Rai Entertainment Network (India) Ltd CEO: Prashant Panday Alternate Brand Solutions (I) Ltd CEO: Prashant Panday Times Innovative Media Limited CEO: Sunder Hemrajani Absolute Radio CEO: Donnach O Driscoll Times Foundation Head: Shailendra Nautiyal EDITORIAL HEADS The Times of India Editorial Director: Jaideep Bose Executive Editor: Arindam Sengupta Economic Times Editorial Director: Rahul Joshi Maharashtra Times Executive Editor: Ashok Panwalkar Navbharat Times Executive Editor: Ramkripal Singh Mumbai Mirror Executive Editor: Meenal Baghel Speaking Tree Executive Editor: Narayani Ganesh Vijaya Karnataka Executive Editor: E. Raghavan Times Now Executive Editor: Arnab Goswami ET Now Executive Editor: R. Sridharan Zoom Executive Editor: Omar Qureshi Code of Conduct for Employees You shall not borrow or lend money within the Company. You shall disclose all your interests including investments in other companies and your relatives in politics to ensure that you are unbiased in your work. You or your immediate relative(s) shall refuse any gift offered by any person(s) who has or may seek to have dealings with the Company. The Company’s reputation and the respect of those with whom it deals with are among its most vital assets. These must not be jeopardized by acceptance of any gifts. However, gifts given as prizes at exhibitions, conferences, seminars, etc. or as part of a free raffle or draw may be accepted but in principle they belong to the company. Any Hospitality/ Entertainment which is of substantial monetary value should be refused. It would however be too rigid to say that no hospitality should be accepted. Some examples of hospitality / entertainment which may be acceptable (subject to a nominal limit of Rs. 00/-) depends on who is providing the hospitality, why the employee is there and the nature of the dealings between the Company, the employee and the provider of the hospitality: e. g. a working meal provided to allow parties to discuss or to continue to discuss business, invitation to attend a dinner or function of a Society, Institute or other non-commercial body with whom the Co mpany has contact, invitations to attend functions where the employee represents the Company (opening ceremonies, public speaking events and conferences). The Company shows more appreciation for those who keep away from smoking and drinking and discourages all forms of substance abuse. The protocols and culture of the Company should be respected as being different from those in other Institutions or Organizations. The Company does not encourage practices, designations, courtesies, etc. followed in other Institutions or Organizations because the same delays the process. The Company’s courtesies and protocols are meant to expedite the transactions. The Company believes that people who perform over-courtesies tend to cause divisiveness in the Company. In the course of training and development as well as your engagement with the Company you will be privy to or possess proprietary and confidential information/ knowledge including trade secrets and the Company‘s confidential business, marketing and publishing strategies. The same shall not be used by you except in the interest of the Company. You will not part with any information that would be detrimental to the Company’s interests, nor shall you make any statement to the press/ media on any such issues on behalf of the Company or otherwise, unless authorized specifically by the competent authority. In the event of any emergency where intellectual property created, written, given or made by you is sought by the Government, then the same will be delivered with due written permission of the Company. In such a case, an application for the same is to be made to the competent authority of the Company by the Government Agency desiring the same, citing appropriate reason. Other organs of the State including Government or Public Institutions may proposition you to do specialized writings on the plea that only you can do such specialized writing on laudable subjects such as military, national integration, etc. You are aware that when you take up such assignments it is in deviation and conflict with your employment relationship with the Company. If ever you are permitted to make such a contribution for the nation, it will then, obviously, be the contribution of the Company and you will be duty bound to project and represent so that the Company gets due acknowledgement. As you are in employment with a high visibility leader media Company, you may be pampered, mollycoddled and felicitated by the Government and other organs of State or Sections of the Civil Society for their Public Relation (PR) reason. Senior members of the Government including Ministers may visit you on various occasions such as your anniversaries, birthdays, etc. for their PR purpose. Since you would be involved in the processing of news and handling of events of importance to people belonging to public or special celebrity group, you thus occupy a position of importance to these groups, who will obviously make reverential gestures to you for their PR need. You will not expect the same from the Company, as your relationship with the Company strictly is that of employer-employee and the Company has no need to do any PR with you. The Company has often welcomed former employees back, and it is a matter of record that people have left and returned. The Company has never felt the need to hold farewell events which have no rationale. In the event you resign/ separate from the Company, you will not recruit, select or influence in any way, any employee of our Company or anyone working with us on contract, to join your future employment, as an employee or partner or any other form of work association, after the separation of your services with us. Oral Promises/ Commitments: The Company believes that mere casual conversations are not commitments. Where such conversations have led to commitments the onus is obviously on the employee to submit proof of such commitments if at all made. But the reality is that in the absence of any written commitment, no individual and no Company can ever get to the truth of such claims. And therefore any side talk or commitment unless duly recorded are unfounded and untenable. While such claims are generally without any substance they end up causing needless stress and wastage of time. Oral promises do not constitute a contract between the individual and the Company and are by no way binding on the Company. Such oral talks even if so held sans contract, do not constitute any enforceable claims. Rewards are at best contextual, linked to obligations or performance or responsibility. A written contract therefore states in black and white the obligations followed by the reward and is therefore acknowledged and enforced by the Company as opposed to unfounded promises. Code of Conduct for Journalists (applicable for all Times Group brands) As a brand, all Times Group Brands (hereinafter referred to as Times) draws its power and influence from two things: Our ability to deliver the complete story: making sure our facts are correct, citing our sources, and providing analysis and context The confidence of our readers that we are unbiased in our reporting and have no agenda to further save that of accurate reporting. This Code of Conduct must be observed in spirit, not just to the letter. The purpose is to avoid any conflict of interests, any compromise of the Companys reputation and any bias, whether real or perceived, on the part of the Company staff, be it journalists, sub-editors, editors, cameramen, photographers or senior managers etc. Adherence to these principles is an essential part of their responsibilities in Times and shall form part of their contractual obligations with the Company and hence they should at all times conduct themselves as per this code. This code is necessarily not comprehensive it may not cover each and every ethical dilemma that a Times journalist might face. But we hope that it will indicate the spirit in which you should react to such dilemmas and as always, when in doubt, please consult with your supervisor or your senior editor. All Times staffers must conduct themselves by the following rules: Confidentiality: The Company will regularly receive confidential information as part of normal news gathering. All information which is not in the public domain is confidential. This includes information relating to the Company, its shareholders and to any company, for example information about advertisers credit and financial position. We will abide by the terms of confidentiality and shall not breach a confidence or use confidential information improperly or carelessly. Church and State. Our reporting and analysis is entirely independent of our advertising and investment departments (Response / Sales and Brand Capital). We do not give preferential treatment to advertisers / treaty partners nor do we entertain requests from the business departments of BCCL to do so. We observe the Chinese wall between editorial and business. Quality journalism a) To provide the best reportage and analysis to our readers and viewers, we must ensure we are: Accurate: We must present information that is true, and we must verify every fact and quote what we print. Your editors have the mandate to demand to see proof of any information that you base a story on, and to know the source of information that is potentially sensitive. Unbiased: We must carry both sides of the story. If we are doing a negative story, we HAVE to give the subject time to respond and carry their official denial or statement that they declined to comment, if that is what they choose to do. We should always talk to an unbiased third party, which may or may not feature prominently in the story before printing it. Attributed: While we must sometimes use anonymous sources, we should restrict them to the absolutely essential cases. In all cases we should explain why the source is anonymous, and we should attempt to describe the sources relation to the story for example a banker involved with the negotiations rather than sources close to the development Verified: We have missed stories because of our conservative approach. We have often had stories and not run them because of that elusive last bit of onfirmation; we have woken up the next morning or several mornings later to find the same news with far fewer details in some other paper. In the long run, missing a story here or there is better for the brand and its credibility than running with a story prematurely and being forced to retract it. Honest: We do not make up quotes or information to support our story, nor do we appropriate the work of others whether its other media or any other written / audio-visual work and pass it off as our own . Plagiarism is a firing offence at Times. We must also be seen to be honest, which has implications on our interactions with sources, officials of the companies we cover, and communications professionals or mediators in these interactions. We are also honest about our mistakes: if we get something wrong, we will carry a correction, and we must do so at the earliest available opportunity. If we make corrections to our online copy, we will include an update/ editors note that states that a correction has been made. We will not use offensive language, obscenities and racist / sexist / religious terms in any copy or script, unless they are part of a direct quote and their usage is critical to the story being reported. We do not pay for information, nor do we promise financial gain to our sources in exchange for information. We do not accept gifts or money from sources, PR agencies or companies that we cover. A box of chocolates / sweets or a calendar or diary is acceptable anything else should be returned with a note explaining that it is our company policy, and reported to the Managing Editor. An exception is sample products for review purposes: You may use / retain the product for only as long as it reasonably takes to review a few days should be the outer limit. You should restrict the usage to what is required to write a well-researched review, and not for personal use that does not contribute to the review. No Times staffer should solicit a junket, plant/corporate visits or trips abroad. If they genuinely broaden horizons and add value to a persons knowledge base, such a visit can be considered, but there should not be the slightest hint of solicitation. At times, your sources might want to take you out to lunch, dinner, drinks etc. Since these are times when the source tends to relax and lower his guard, use your judgement on when to accept. But at all times make it clear that these are professional interactions, not social ones. The same applies to PRs weve made it a rule for trainees that they do not have a drink/meal/coffee with any PR for the first two years that they are with Times. Apply the spirit of that rule to your interactions with all PRs you should never give them the chance to act like you owe them something. If you feel you need to return a lunch or dinner someplace a little more expensive than the Press Club, please inform your editor, and we will see if some reimbursement can be organized. We do not do previews of stories or package or shows no source or company/person being featured can see the story or the package before it goes to print/air. We can, and should, however, email quotes that will be used in stories to sources for confirmation. In addition, no staffer will reveal the contents of the paper/channel to any outsider in advance of their appearance in print/on-air. This includes the distribution/dissemination of advance copies/CDs or digital files of any Times content. Note: Times reserves the right to modify and expand the code of conduct from time to time, as appropriate. Economic Times and ET Now Code of Financial Conduct ET/ET Now are Indias most respected financial-news brand because it stands squarely for certain values: accuracy, reliability, fairness and integrity. Our journalism, across media platforms, is committed to these values. The changing industry and regulatory environments require us to uphold even higher standards to protect, defend and enhance the Companys reputation for accurate, unbiased journalism. Whatever it is you report on, you should ensure that there is never a situation which could lead to a suspicion that the Company, its publications and television channels, or its editors and journalists are biased. Hence you, whether in a managerial or an editorial capacity, must conduct yourself in a manner that reinforces the integrity of the companys operations as well as perceptions of such integrity. No employee will take advantage of information that is not in public domain but to which he/she has gained access by virtue of his/her association with ET/ET Now or its affiliates. No employee will communicate such privileged information to another person, either within or outside the organization, who may be in a position to take advantage of it. To ensure that our integrity is not compromised, especially in our coverage of markets, companies and policy, all employees are required to adhere to certain rules about financial investments made by them or their close relations, including spouse/companion. You may invest in individual equities but are required to hold each stock for a minimum of three months in order to eliminate the possibility of short-term trades based on privileged access to corporate information. Any exceptions must have prior approval of the Executive Editor, in writing. You will not buy or sell shares in a company that competes with ET/ET Now or its affiliates. You are, however, free to hold and/or sell any such shares that you currently own by virtue of previous employment. . You must not engage in, or facilitate, inside dealing. The fundamental principle of inside information is that if you are in possession of non-public (unpublished) information which could have an impact negative or positive on the value of a financial investment or other investments, you must keep it strictly confidential and not deal or recommend to others to deal in those shares. This restriction applies to your immediate family, friends and associates or any family trusts or other investment vehicle and lasts for as long as the information is outside the public domain. Reporters, researchers and anchorpersons who cover and comment on particular companies may not hold stakes, in the companies they cover, to avoid any conflict between their coverage and investment interests. The principle behind this is that if the story or comment that goes to print or air is expected to have an impact in the price / value of the asset class, it would be conflict of interest for the ET/ET Now staffer to have a holding in that asset class. In general, you are encouraged not to participate in the futures-and-options segment of the equity market except to hedge your equity investments against market risk through index futures and options. You will not buy or sell single-stock futures. Investments in bonds issued by companies/governments/state agencies/municipalities are permitted as long as these are held for a minimum of three months. . There are no restrictions on investments in instruments issued by banks, post offices and small-savings institutions. Mutual fund investments are permitted in any asset class (equity, index, commodity, real estate etc. . You are required to make a disclosure of your securities holdings as per the format prescribed by the Company, at the end of every quarter. The company undertakes to keep your declarations confidential In addition, designated managers and journalists are required to disclose their current portfolio and declare their specific investment transactions during the reporting p eriod in a format prescribed by the company. The management is committed to keeping this information confidential, but reserves the right to share the records with a regulatory / inquiry agency investigating securities fraud or insider trading. This Code of Conduct along with the Code of Financial Conduct is meant to facilitate our adherence to integrity, not to exhaust unfair ways of information arbitrage. These are central to the Companys mission; any failure to abide by them could attract civil and criminal liability on yourself and on the Company, its Directors and officers, and therefore could be subject to review, and result in disciplinary action, ranging from admonishment to dismissal, depending on the gravity of the infraction. Therefore at all times, employee conduct should conform not only to the rules but also to the principle of integrity. â€Å"Mission of â€Å"TIMES OF INDIA†: â€Å"The Times of India Group is the aggregator of content in any form in the infotainment Industry. We collect amp; sell content to right target audience†. The Mantra â€Å"YOU ARE EMPOWERED â€Å" STAGES OF GROWTH * To empower the reader to live the life of their dreams. * To facilitate better decision. * To provoke Thought * Global Experience Love for the community * Adopt the Reader’s worldwide view. * Liberate the mind * Cheerfulness in the circus of life. We grow at this stage because: OUR CENTRAL VALUE IS YOU! The Times of India (English) Operated by Bennett Coleman and Company Limited With a lineage stretching back to more than 170 years, Time of India sells more than 3. 5 million copies each day across 41 locations in India – making it not only the largest English daily in India, but also the world. TOI, hich was voted as the among the world’s six greatest newspapers way back in 1988 by BBC, has now moved ahead of international stalwarts like The Sun, The Daily Mail, USA Today, New York Times, Wall Street Journal, Los Angeles Times and Washington Post amongst others. Today TOI is India’s national newspaper with editions spread across most states, which is complemented by its robust presence in on-line domain too through its e-paper and dynamic online site timesofindia. com Apart from meeting the information and entertainment needs of readers cutting across communities, cultures and geographic locations, The Times of India also uncovers many a India left untouched. And in this exercise, brand extensions of our existing English titles into regional languages plays a pivotal role in transiting readers to the English mainstream. It would not be wrong to say that most English-speaking Indians across all prominent metros and state capitals, begin their day by reading a copy of TOI. So be it the civil society or the ruling class, businessman or student, executive or manager, professional or amateur, clergy or judge – the day is not complete without reading The Times of India. The Times of India has a pan-India presence in 41 centres with 15 main editions, namely: Ahmedabad Bangalore Chennai Goa Hyderabad Jaipur Kanpur Kolkata Lucknow Mangalore Mumbai Mysore Nagpur New Delhi Pune The Times of India Supplements: Times of India Metro Supplements (TIMS) In 1994 The Times of India took a bold step at experimenting with not just news, but something which was more. The resultant was a supplement –Bombay Times – which broke the mould when it came to capturing the latest about what’s happening in and around the city in a package captured the essence of the city – its people, culture, fashion, art, theatre, sports, films and private and public social gatherings. Times Pluses Times Pluses are supplements with local news and advertising which is customized for various readers through geographic zones within a particular market. The Pluses are a tool for readers to address their civic and other local and topical issues which are specific to their location. The immense success of Pluses has sparked of various Pluses across the length and breadth of India. Needless to say, they have also bred me-too clones published by our competitors – but not with that great degree of success as ours. Times Ascent A weekly supplement that has the best job postings and career related news and views from doyens of corporate world and academicians. Education Times The weekly supplement that has the best of content related to education and career options – right from primary level to doctorate. What’s Hot A weekly tabloid on entertainment and lifestyle published ahead of each weekend with the specific focus on informing readers about the events and activities that one can participate over the weekend like movies, TV shows, theatre, eating out, shopping etc. Life Aimed at initiating a dialogue and provoking thought and debate among its readers, Life is the glossy lifestyle supplement published every Sunday with The Sunday Times of India. Often the topics touched upon are the ones which normal run-of-the mill newspapers would like to avoid in fear of generating extreme opinions. Life lays every aspect of life bare for the reader to think and decide. Times Property This is a weekly supplement that contains the best of news, analysis and announcements on real estate that is read by investors and buyers/sellers of real estate. The Times of India New Media: The Times of India Online The Times of India Online is India’s most popular news site. With 13 million unique visitors and more than 300 million page views per month, it consistently ranks among the world’s Top 10 English-language newspaper sites. It offers complete, in-depth and up-to-date coverage — in text and video formats — of national, international, city, sports, entertainment, lifestyle, business, health, science and technology topics. The Times of India epaper The Times of India is among the first newspaper in Asia to launch the online replica version of the physical edition. The Times of India mobilepaper The Times of India was also among the first newspapers in India to launch the replica of the physical edition exclusively for mobile users. DIGITAL The Times of India Online The Times of India Online is India’s most popular news site. With 13 million unique visitors and more than 300 million p