Advantages and Disadvantages of U.S. Convergence Between GAAP and IFRS

For over the past decade, there has been a growing demand in the corporate world for U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) to converge to form one set of universal accounting standards. In 2002, members of the Financial Accounting Standards Board (FASB) and members of the International Accounting Standards Board (IASB) met and issued a memorandum laying out framework for the adoption of IFRS by the U.S. Known as the Norwalk Agreement, the two boards agreed to make “existing financial reporting standards fully compatible as soon as practicable”, and to “coordinate future work programs to ensure compatibility is maintained” (Kieso, 2012, p. EP-2).

Critics against the adoption of IFRS in the United States argue principle based accounting standards leave too much of a judgment call in the hands of the preparer. In other words, IFRS is open to more interpretation than rules based GAAP, and can lead companies to release fraudulent representations. Additionally, disadvantages include an increased ability to manipulate transactional accounting, increased variations in accounting approaches for similar transactions, and fewer rules to consider in determining how to account for a transaction (“Which is Better — Principles or Rules?”, 2011). According to a global fraud report issued by Kroll Inc. for 2012-2013, American and European companies have a higher rate of fraud (60% and 63%, respectively) compared to global averages (“Global Fraud Report”, 2013). Changing accounting standards to be open to greater interpretation may attract higher cases of internal, or company fraud.

Another disadvantage to IFRS is the cost expected to be associated with transitioning from GAAP based standards and accounting information systems to IFRS based accounting information systems. However, while these costs may be high, they are short-term in nature and it is estimated companies will save money in the long term. “Studies suggest that a major impact will be the cost of transition to IFRS. According to research, the benefits to U.S. investors may not exceed costs. Additionally, due to U.S. GAAP’s high standards, financial reporting improvements will be minor. Research also suggests that these costs and benefits will vary across firms and will be difficult to trace upon adoption” (Bolt-Lee, 2009). These costs will burden small to medium sized companies that lack the capital and resources that large MNCs possess. And, according to KMPG, the largest component of IFRS conversion costs are IT costs, estimating that 50 percent to 70 percent of a typical conversion effort’s costs relates to IT (Krell, 2009).

A major holdup in the convergence of IFRS and GAAP rests with control. In the U.S. the Security and Exchange Commission (SEC) has the power when it comes to accounting standards. Although the FASB sets the standards, the SEC oversees and ensures public companies are complying with laws, practices and acting in a manner that facilitates ethical behavior and decision making. “Under the present system, the SEC attempts to ensure uniformity and consistency in financial reporting. However, regulators cannot enforce uniformity in a principles-based system” (Thompson, 2009). If the U.S. converts, the SEC is sure to lose a great deal of control and influence over the accounting and reporting practices.

One benefit to IFRS is standards that are based on principles, unlike GAAP which relies on rules-based standards. Principles-based standards allow more leeway as to how corporations can portray their financial performance (Galuszka, 2008). According to a survey of corporate executives, many of them listed IFRS and principles-based standards as “more intuitive” and “easier to use” than their GAAP counterpart.

The distinction between the two approaches lies precisely where their respective descriptions suggest: principles-based standards are based on a clear hierarchy of overarching principles, contain few or no provisions and rely heavily on the exercise of judgment as to what constitutes fair presentation; rules-based standards are characterized by several anti-abuse provisions and allow relatively less scope for the exercise of judgment in their application. (International GAAP, 2010)

Under rules based accounting, it is sometimes the case that a “transaction must be accounted for in accordance with the rule even if the applied accounting is misleading” (“Which is Better — Principles or Rules?”, 2011). Using IFRS allows a company to use judgment to best represent financial performance, and increase comparability among companies with similar transactions over different industries. “Rules-based accounting has not worked in practice. Critics argue that the present U.S. system does not produce accurate reporting. It focuses on “checking the boxes” more than portraying an underlying economic reality” (Thompson, 2009). IFRS tries to curb this problem through greater interpretation of the accounting principles.

Replacing GAAP standards with IFRS accounting standards will enable interested users of financial statements to make more informed decisions. Currently, “over 115 countries have adopted IFRS, plus the European Union now requires all listed companies in Europe (over 7,000 companies) to use it” (Kieso, 2012, p. EP-2). Most of the developed nations, especially those members of the EU currently practicing international standards, have a higher degree of transparency and reliability amongst financial information. Working towards convergence of accounting standards will make international investing easier, as well as make it easier for users to dissect financial information if located in foreign regions.

Adopting IFRS will, in the long-term, help to reduce cost. Many firms such as Nike, Microsoft, IBM and Apple have operations in several different countries, and therefore must prepare several different accounting books and records under each set of standards. In addition, users of financial statements must be knowledgeable in both GAAP and IFRS to completely dissect the financial information reported by multi-national corporations (MNCs).

Adopting IFRS will open the doors for firms across the globe to hire new talent. According to Matthew Birney, a manager in the financial reporting department responsible for International Financial Reporting Standards at United Technologies says some of the positives to IFRS is access to a wider talent pool (Krell, 2009). In an increasing globalized economy and workforce, hiring may no longer be restricted to hiring new applicants within the country’s borders.

As the world continues to shrink and business becomes even more globalized, a universal set of accounting standards is desired to help harmonize global accounting practices. The benefits of increasing comprehension and creating one set of accounting standards will help facilitate the flow of assets and increase overseas investment. Adopting a principles based approach to accounting will allow preparers of financial information to more accurately portray financial performance relative to the operations of the company. As global business environments improve, it is inevitable that one set of accounting standards is needed.

References

Bolt-Lee, C., & Smith, L. (2009, November 1). Highlights of IFRS Research. Retrieved September 20, 2014.

Galuszka, P. (2008, August 28). Pros and Cons of IFRS. Retrieved September 18, 2014.

International GAAP. (2010, January 1). Retrieved September 18, 2014, from http://www.wiley.com/WileyCDA/Section/id-403632.html

Kieso, D., Weygandt, J., & Warfield, T. (2012). Intermediate accounting (14th ed.). Hoboken, NJ: Wiley.

Krell, E. (2009, April 2). Biggest IFRS Cost? IT. Retrieved September 18, 2014.

Krell, E. (2009, April 6). IFRS Pros and Cons. Retrieved September 19, 2014.

Thompson, R. (2009, September 14). Principles- vs. Rules-Based Accounting. Retrieved September 19, 2014.

Which is Better — Principles or Rules? (2011, April 5). Retrieved September 18, 2014.

2012 / 2013 KROLL GLOBAL FRAUD REPORT SURVEY. (2013, January 1). Retrieved September 19, 2014.

Source by Andrew B Johnston

Do It Yourself! Tips To Streamline Your Budget In 2017

A new outlook for the New Year and a hands-on approach to financial freedom.

You did a lot of stuff last year and spent a lot of money on a lot of things that you probably shouldn’t have. Now that you are suffering that New Year’s financial hangover and wondering how you could get yourself out of the clutches of despair and into a new headspace, I’ve got a few tips that could save you a lot of dollars in the long run. Ever noticed how the little jobs that the electrician, carpenter, mechanic and your average handyman cost you at the end of the day? And how you always have that person’s number on speed dial? Well, it’s time to ditch his number and start learning how to do it yourself. Here are some ways how:

Get yourself a toolbox.

This is an absolute essential. Not having tools is half the problem that you have. Remember that sigh when you realize your plumber has the correct wrench for that stubborn pipe, or when your carpenter has the correct screwdriver that you were looking for before giving up and dialing his number. These tools don’t have to be power tools. A simple toolbox for beginners will suffice. After all, it has all the essentials that have been standing in your way. Now that you have tools the first thing that will happen is an increased enthusiasm to try out your tools on a few things, and you will discover that most of the things that you thought were a total write off and beyond your ability are actually quite easy if you have the right tools.

Watch a few videos.

Self-help videos are all over the internet, and they can be quite a resourceful way to learn how to learn how to a few simple jobs around the house. Visual learning can always be easier to implement and to copy

Better still watch a professional do it.

This time doesn’t offer to get them a drink and disappear to watch TV while they solve your problems for you stay, watch and learn. Look at how they approach the problem and how they go about solving it and ask questions. After they are gone, try it out, and next time you won’t have to call them again.

Read around.

Borrow that book from that friend and learn how to set up cupboards, how to change an electric bulb and how to change a door handle. There are tons of books that have step by step instructions that can help you become a pro at some of the things you lacked proficiency in.

Try, try again.

Most of all, no one ever succeeds at something they didn’t even try to do. Getting out of your comfort zone is extremely hard, but the benefits will be worthwhile. Failing at a task is hard, but there is nothing like that first rush of those warm fuzzy feelings just after you have accomplished a task. It will make you want to attempt to pass another hurdle and eventually you will be invincible.

Give your pocket a break and enjoy doing it yourself.

Source by Maryam Nasrullah

An Introduction To Teacher Education

A teacher’s job is a highly respected and specialized field, be it teaching kindergarten, grade school, high school, college, or post-graduate courses. Teachers are necessary in all fields of education, and in order to be teachers themselves, they need to be educated by experts in their desired fields.

Teacher education is a diverse field, covering numerous subjects and various methods of teaching. Teaching in any field is demanding and is a challenging task. Beyond regular education, some people choose to follow specialized paths, such as early childhood education or special education. These teachers need extra educational background in order to be certified to deal with their specific students. These teachers need to have extensive patience and be friendly with toddlers. Innovative play way methods need to be adopted to ensure continuing interest among kids.

Another specialized educational field is Montessori teaching. This style of teaching appears to be simple, but in reality, it is highly demanding. As this is a specific style of teaching, aimed at gifted or advanced students, with a degree of flexibility and customization not found in traditional curriculums, teachers will need to learn the best ways to work within the Montessori structure, and apply their educational background to this style of teaching.

Elementary or primary school is the backbone for all people’s education. Thus, these teachers have to be able to convey basic principles, such as reading, spelling, writing and math, as well as cover basic science, social studies, and sometimes foreign language courses. Of course, all of this has to be taught in an age-appropriate fashion. Elementary teacher education focuses on methods that work best for young students.

High school teachers face challenges elementary school teachers usually do not. Because they teach teenagers who are dealing with the issues of adolescence and can often “act out,” teachers need to learn how to engage and motivate this difficult age group. Subjects are taught in greater depth in high school, as well, so the teacher will need more specific knowledge. They also sometimes have to be ready to compensate for any gaps in elementary education, particularly deficiencies in the basics – reading, writing and math.

Ultimately, the goal of teacher education is to provide future teachers – or teachers looking to further develop their teaching ability – with the skills they need to convey essential information to their students. The training they will require depends on many factors, including the age group, subjects, and type of school they will be teaching in.

Source by Ken Marlborough

How to Color Gray Hair With Henna

Henna doesn’t cover gray: It’s written on the product box, and it’s part of hair-coloring culture. But times have changed. And it’s no longer a choice between going gray or using commercial hair dye.

There are two ways to cover gray with henna.

1. Henna kits that are made specifically for gray hair.

2. Using pure, powdered henna in a whole new way.

Henna Kits for Gray

Most henna kits for gray are 2-step processes. Your hair is first coated with a natural, non-toxic preparatory mixture. This helps the gray hair become more receptive to the henna.

There are also pre-mixed cream hennas on the market which will cover gray. Most, however, take 2 or 3 applications before the gray is covered completely. Some products, like Surya Henna Cream, are easier, 1-step processes which claim to cover gray on the first application.

Henna, as you probably know, coats the hair. It doesn’t open or rough up the hair shaft like most commercial dyes do. And because gray hair tends to be coarser and slicker than pigmented hair, henna has a tendency to slip off the gray. That’s why henna is categorized as a semi-permanent hair color. Even the best henna application washes out a little with each shampoo. And that’s why most boxes of 1-step, powdered henna will warn against using it on gray hair.

Pure Powdered Henna

Most henna users are already familiar with this green powder. It comes in a plastic bag (some buy in bulk), and it’s made from leaves of the Lawsonia tree. To create different colors, other natural ingredients are added, like walnut or clove.

If you’re gray and you want to use pure henna, you can. It’s a long process, but it worked for me and I’ll never go back to anything else. Light Mountain Henna is good as are many other brands.

Before Beginning

Do a strand test. If you have your hair cut, save a curl to use for the strand test. Otherwise, cut a small bit of hair from underneath or in the back so the cut doesn’t show. Hold the hair swatch together with a rubber band, and go through the entire coloring process with this strand. This is important because it’s the only way to calculate the leave-in time. Unlike commercial hair dyes, henna varies wildly in how long you’ll want to leave it on to achieve your desired color. Timing for coloring gray hair can be from 2 to 6 hours.

Another reason for the strand test: to make sure that the final color is what you want. Henna on gray hair will come out lighter than henna on pigmented hair. Henna on blond hair is unpredictable. The strand test will let you know.

A note on purchasing henna. Read the ingredients carefully before you buy. Make sure there is nothing in the list you don’t understand. Any hair color containing PPD (p-Phenylenediamine, sometimes labeled as Paradiaminobenzene, Para-aminoaniline, p-aminoaniline, Paradiaminobenzene or PPDA) is off-limits for health and safety reasons. However, most hennas you find in a reputable health food store will be pure and safe. Hennas purchased over the Internet usually list their ingredients, and I encourage you to read them.

Ready, Set, Go

  • The first step is to apply a line of emollient on your forehead. This will prevent the henna from staining your face.
  • Next, mix a brown-based powdered henna in a non-metallic bowl, with just-boiled water. Add a couple of pre-beaten eggs if you like, to help keep the mixture sticky. Slowly add more hot water until the mixture is a smooth, thick paste.
  • Apply to dry, clean hair, free of styling products, conditioners, spray, or moisturizers. This is a key.
  • Apply to roots first, as you would with commercial hair dye, but use more product – at least a golf-ball sized dollop of paste each time you part your hair and apply it. Every hair strand must be completely coated with the henna. Use the plastic gloves that are included in the package, and apply with your hands to get the most coverage. Continue to part your hair in 1/4-inch rows, rubbing the henna into the hair, until all the gray is covered.
  • Yes, the henna will stain the scalp – but it’s non-toxic, and will wash off the scalp itself (not the hair) in a shampoo or two.
  • After the gray is covered with the paste, apply the remaining henna to the rest of your hair if desired.
  • Cover your head with a plastic cap, and cover the cap with a towel.
  • Once an hour (or less, if you have a short leave-in time), take off the towel and plastic cap and spritz the henna pack lightly with water. Put the cap back on and manually (but gently) rub the hair to coax the moisture all the way through to the scalp and to make sure each hair strand stays covered with henna. Reapply the towel.
  • You may want to bake the color in even more, by using a heating cap or hooded hair dryer for 10 minutes each hour.
  • When the time is up, rinse the henna from your hair in warm (not hot) water. Your hair may be very tangled: that’s normal for now. So be gentle – don’t rub or tug. Apply a small amount of mild conditioner, like Jason’s or Aveda Color Conserve, and rinse it out after about 30 seconds. Do not use shampoo at this point.

For more details and product recommendations, check out My Makeup Mirror [http://www.mymakeupmirror.com/HennaOverGray.html]

How to Keep Your Henna from Fading

Wait at least 2 days before your first shampoo. After that, if you can shampoo every other day instead of every day, that will preserve your new color better. Be sure to use a color-safe shampoo. Some brands to try are Pureology, Aveda, Jason, Arbonne, and Aquage, among many others.

Note: I would not recommend too many styling products. So many of them strip color. But if you have a leave-in conditioner that you know won’t take the henna out with it at your next shampoo, go ahead and use it to untangle your hair and protect it from styling heat.

Your new hair color should be gorgeous, shiny, and healthy. Because the henna coats the hair, it makes the hair look thicker. And best of all, you’ve colored your gray without harming yourself or the environment.

Source by Suzann Kale

The Corner of Pax, West Virginia – Restaurant Review

Pax, West Virginia, is the home of The Corner, formerly known as Kelly’s Korner, a family-owned eatery that serves up some scrumptious country cooking. You won’t find anything fancy on the menu or for a daily special. What you will find is hot dogs, hamburgers, open-faced turkey and roast beef sandwiches, and club sandwiches prepared with TLC, usually accompanied by crisp, hot-from-the-oven French fries or hand-whipped mashed potatoes with homemade gravy.

Breakfast is my favorite meal at Kelly’s. Perfectly cooked eggs, crisp bacon, toast or biscuits (no bagels here) and a steaming cup of coffee. Of course, that’s all after a rousing “Good Morning!” Additionally, there may be pancakes or French toast, all made from scratch like the biscuits. And don’t forget the sausage gravy to cover those biscuits (if you get there before my family eats!).

Possibly the best thing about The Corner is the folks who eat there and the folks that stop by to visit. Most of the locals eat here, and since Pax is relatively small, just about everyone knows everybody else. I love to sit back, enjoy my coffee, and listen to the chatter about farms, crops, the big reunion coming up (Pax has a reunion every two years for graduates from Pax High School, and it’s big doin’s, let me tell you–we’re talking over three thousand people coming to a town with a population of about 200 give or take a few) or state politics, always an interesting topic anywere in West Virginia.

So if you find yourself driving on I-77 in southern West Virginia, look for the Pax exit and enjoy a meal at The Corner. You may have to wait a minute or two for a table during the busy breakfast, lunch, and dinner hours, but you’ll be glad you did.

Source by M. Lively

What Everybody Ought to Know About Jewelry Appraisals

For most of you, the thought of getting a Valuation or Appraisal on your Jewelry is NOT at the top of your list.

But it should be.

To often, clients assume that their Jewelry is either…

  • # Not Valuable enough to bother
  • # Covered by their Household insurance
  • # Safe on their Finger, so it won’t get lost

All of these assumptions are WRONG and we cover some suggestions in our Insurance article (address given below) and the security pages under the Learning Section of the Online Appraisal Center.

If you are concerned about these matters and haven’t had the chance to read them yet, we suggest you take a little side trip and cover the bases, soon as possible…

…Before the ring falls off the finger or the chain gets lost while swimming or the Diamond (was it a Diamond?)…

Get the Picture..?

That’s exactly What a Jewelry Appraisal Valuation Certificate is for.

Types of Jewelry Appraisal Valuations

The main type of Valuation or Appraisal we come across is the Valuation for Insurance. This is the one you would normally receive from your local Jeweler or Gemologist.

It is basically designed to cover you (through your insurance policy) against any loss or damage you may encounter.

It is designed to provide you, wherever possible, as near a REPLACEMENT OF A SIMILAR ARTICLE as possible.

It will include any taxes or duty plus the Jewelry Trade mark up.

What Are The Other Types of Valuations?

Other forms of Valuations are…

  • # Valuation for ‘Private’ Sale
  • # Valuation for an ‘Auction’ reserve
  • # Valuation for Probate
  • # Valuation for Division of an Estate (under conditions of a Will, for example)

 Each of these types are simply a percentage of the ‘Master Valuation’ figure or Replacement for Insurance mentioned here.

The Master Valuation Appraisal

While these are covered briefly regarding their structure and use, you should remember that ALL of these valuations are just by-products of the Valuation Appraisals for Insurance, both in principle and procedures.

Therefore, with a little common sense and a child’s school calculator, we can arrive at a final figure for any of the above situations.

After all – they need the SAME information to begin with.

If you had an Online Form which helped complete a Jewelry Appraisal for yourself, there would be no easier or quicker way to help in the majority of these cases, and you wouldn’t even need a child’s school calculator to complete it, because it would all be built into the Computer System.

Nice thought – but is it a reality?

Thankfully – Yes it is.

Jewelry Valuations For The Rest Of Us

While our advice is – and always has been – to get your Jewelry valued or appraised by your local, professional gemologist Valuer, it remains our belief that in the ‘majority of cases’ and taking into account the costs involved (your professional Valuer charges a reasonable fee for their skill and the work carried out) there is an alternative.

Any Self Appraisal Valuation can be equal to the task for a fraction of the specialized service, in a shorter timeframe, and costs much less – Lots Less…

So don’t ask ‘Why’ – Ask yourself – ‘Why Not..?

Here are some interesting Facts

  • # People thought you had to be a lawyer to write your own Will
    -Do-it-Yourself Will Kits are now Commonplace
  • # People thought you had to be an Accountant to do your Tax
    -An Online Tax Pack has been set up by the Government
  • # People thought you had to be a Real Estate Agent to sell your Home
    -FSBO (For Sale By Owner) has changed all the rules
  • # People thought you needed a Solicitor to handle a Conveyance
    -This is now no longer the case

The entire game has shifted.

# You Don’t Need to be a Gemologist Valuer to write your own Appraisals. It’s as Simple as filling in a Form. Anyone can do it.

Plus It Is Convenient…

You do this in your own time, at the pace you wish to go, without any pressure. You will have ample time to start your self evaluation, change your mind about something, go away for a couple of hours or days even, and when you return, start again from where you left off, finally arriving at the bottom line to print your Appraisal Certificate from Home or Work.

So What You Really Ought to Know About Jewelry Valuation Appraisals, is that it’s possible and anyone can do it.

There is an Online Jewelry Appraisal do-it-yourself Valuation Kit which has been designed to be as simple as possible while remaining accurate, within the guidelines of the Jewelry Trade and Valuers Profession.

It’s a Smart School Calculator.

WE ARE NOT SUGGESTING IT CAN TURN YOU INTO A QUALIFIED VALUER nor are we trying to replace your local Jeweler. That would be wrong of us to even try.

But you ought to understand the possibilities.

Our Goal here is to simply steer you in the right direction to answer a series of questions, which will lead you to the MOST PROBABLE result for any Jewelry under assessment. You have choices…

These days, it’s just too easy.

Source by David Foard

Superdry Clothing – Sizes Explained

The problem is that Superdry sizes ‘appear to be different’ from other brands in the market (I’ve put that in inverted commas for a reason). That and the internet is plagued of misleading information on this topic. I’ve decided to sort this out once and for all. Or at least until Superdry change things up again. Superdry is actually very accurately sized. I know you weren’t expecting to hear that so I will explain why.

The Problem with Standards

There is an international standard for clothing sizes. The International Standards Organization, also known as ISO. They are the governing body for all sorts of standards, including a standard measure for the sizing of clothes. This should, in theory, give us a reference to be able to accurately choose clothes and convert between US, UK, European and other sizes. But it doesn’t. There are problems with the international standards.

Getting too deep into these standards is beyond the scope of this article so I’m going to cut to the chase. There problem comes in two parts; Using letter codes like Small, Medium, Large and Extra Large and clothing manufacturers taking liberties with the established standards. They aren’t obliged to conform to the standard so there isn’t likely to be any change in the future. When compared to other clothing brands, a good rule of thumb is that Superdry clothing is approximately one size smaller. They are sized to fit properly but as most other clothing manufacturers are getting more and more generous with their sizing, it’s better to go for one size bigger in Superdry clothes. For example, if you are usually a medium then you buy a large in Superdry.

Superdry Size Chart

Superdry clothing complies with the international standards; the problem is that other clothing companies don’t. Superdry also use letter codes, so there must be a look up table to convert a size from Small, to chest size or women’s dress size. If you’ve looked on their website you would have noticed that there isn’t such a helpful table anywhere to be found. I’ve developed a Superdry size chart.

Men’s Superdry Clothing Size Chart

Sizes are chest sizes, measured in inches.

Extra Small = 36″

Small = 38″

Medium = 40″

Large = 42″

Extra Large = 44″

Extra Extra Large = 46″

Men’s waist sizes are pretty straight forward. They are all in inches, the standard measure so you shouldn’t have any problems selecting your size.

Women’s Superdry Size Chart

The UK and US dress sizes are matched to the ISO standards and might not necessarily match up to the size you would normally buy in other clothing brands. It is intended that you go by the actual measurements (in inches).

Extra Small = UK Size 8/ US Size 4 = Bust 34″, Waist 25.5″, Hip 36.5″

Small = UK Size 10/ US Size 6 = Bust 34″, Waist 26.5″, Hip 37.5″

Medium = UK Size 12/ US Size 8 = Bust 35″, Waist 27.5″, Hip 38.5″

Large = UK Size 14/ US Size 10 = Bust 36″, Waist 28.5″, Hip 39.5″

Buying Superdry Clothing

Probably the best advice I can give you is try before you buy but what if you don’t have a store near you? Is this case you are left with the only option, to shop online where you can’t try the item on before you buy it. There are exceptions however. Some stores, like Nucleus, offer free return postage on internet orders so in effect you can try the stuff on and send it back if it doesn’t fit. It’s a slight hassle getting to the post office but at least it won’t cost you anything.

Source by Richy Dee

Defending Your Business Against Natural Disasters – A Look at Data Protection Solutions

Business continuity is a vital aspect of consistent, reliable business operations. Many industries live and die by the uptime on their information technology resources. Banks and financial institutions rely on complex computer systems to execute and track orders, and those in the medical industry are required to keep meticulous records for compliance with record retention standards, just to name two examples. Natural disasters can pose a threat to any industry that uses technology. As such, every industry should utilize data protection solutions and have an effective disaster recovery plan in place.

Data protection solutions and disaster recovery plans should be aimed towards addressing hazards presented by natural and manmade disasters that are both large and small in scale. While the mysterious hacker figure captures the attention of the media, malicious users are often the rarest type of hazard to impact business continuity and information technology resources.

How To Identify And Understand Hazards

The first step when seeking data protection solutions is to develop an understanding of what hazards can impact IT resources. Natural disasters are the most recognizable hazard to any structure. IT resources rely on IT infrastructure to communicate with remote users, and they rely on power to not only run computers and servers, but also to control climate. Many natural disasters, from hurricanes to earthquakes and floods can easily knock out power. The damage from these occurrences is long lasting, so even a generator is not enough to ensure business continuity and a prompt disaster recovery plan. Standing water and the loss of transportation infrastructure will leave IT resources stranded without the option to have them repaired. All of these possibilities are addressed in effective data protection solutions.

There are also smaller scale accidents that can disrupt business continuity. Local power outages can put an office building or bank branch out of operation, usually occurring during peak usage times. Human errors can result in file loss, damage to storage systems, or a failure to properly back up information. Hardware can fail due to poor climate control, incorrect installation, or just by accident. These issues need to be examined as part of disaster recovery.

Considering Data Protection Solutions

The basic way to keep IT resources up and running is through duplication, right down to computers, servers, software, and files. However, this can lead to extremely wasteful spending, instantly doubling overhead. While duplication and replication are important aspects for disaster recovery, they are just one part of the whole picture.

The second major consideration is timing. How long does it take for mission critical systems and information to become available after it is lost or a system crashes? Will a patient miss their medication if medical servers are unavailable for hours? Will banks suffer hardships if no one can access their money for a day? Are some systems so complex and integral to business operations that they have to be restored as close to instantly as possible?

Envisioning Effective Disaster Recovery

Taking the above concerns and hazards into account, defending business functions against loss is best accomplished with cloud computing and virtualization. These technologies focus on removing the need for physical computing resources in order to accomplish business technology functions and manage information.

For instance, data center colocation can offers dedicated housing facilities for a company’s information resources. These housing facilities have multiple layers of safeguards for power management and climate control along with dedicated personnel using the latest in technology and industry best practices to manage data protection solutions. Extremely resistant to data loss, these facilities form the backbone of reliable disaster recovery.

Cloud computing and managed IT services can also be used for effective disaster recovery. In order to duplicate business resources without unneeded costs, data protection solutions utilize priority tiers to separate information according to availability requirements, record retention, and costs. Mission-critical files are routinely backed up and stored on quick-access media, while archival files are stored on less expensive, long-term media. Managed services handle the backup time frames, management, and consolidation.

Cloud computing and virtualization technologies offer the benefits of a fully fledged and funded information technology department without the capital costs and overhead associated with having an in-house staff. From collocation to virtualization, these types of IT services can and should be utilized for comprehensive data protection solutions and efficient disaster recovery schemes.

Source by Steve R. Bulmer

Can Ultrasound Help Fight Trigeminal Neuralgia and Facial Pain?

Ultrasound is a fantastic technology, helping us achieve many things. Traditionally, ultrasound has been used for scanning the body with short, high intensity waves to let us see ailments in the body, and to check babies etc during pregnancy. Recently, innovative companies have made some breakthrough advances in the usage of ultrasound and delivery of it. They are tiny devices, similar to an iPod, and similar in size to a tens machine.

How can these ultrasound devices help me, and my quest for pain relief?

These devices change the way ultrasound waves are delivered to the body compared to a traditional ultrasound device; much lower intensity ultrasound, delivered through pads to the body, means that these devices can be used for prolonged periods for long-term pain relief. They can be worn overnight with an innovative head strap, to relieve facial pain whilst you sleep, and let you get some good quality rest.

Test have even shown that people suffering from pain for years, can be totally pain free within a few months.

It is being branded as portable ultrasound… similar to an iPod, you can use it any time, any place… at work… whenever you need pain relief. It allows for real targeted relief, increases blood circulation in the area.

Another huge benefit of these devices, is that it is proven to help accelerate wound healing. This is fantastic for those with diabetes and other illnesses that weaken your natural immune system.

The devices have been proven to help with tendon injuries, muscular injuries, and post operative pain relief and are worth investigating for these ailments.

What are the advantages over existing treatment alternatives?

  • Treatment allows reduction in usage of traditional medication and removes associated adverse effects from the drugs.
  • The reusable treatment patch that is usually supplied, is applied to a bony surface in the face (when treating facial neuralgia), allowing the surface acoustic ultrasound waves to travel across the whole skull of the patient and carry relief to the root of the trigeminal nerve and promote healing of the nerve tissue (although this is currently under clinical research for further proof).
  • No limitation in the duration of treatment and delivery of the ultrasound, unlike traditional high intensity ultrasound, which can usually only be used for 10 minutes at a time.
  • This ‘slow release ultrasound treatment’ has been claimed to help many people avoid the trauma of surgical intervention to try and relieve the pain associated with Trigeminal Neuralgia (facial pain).

Source by Oliver Gibson

Fitness Treadmill Review: The Precor C956

Making a commitment to getting fit and staying that way can be a life-changing decision. A safe and reasonable exercise programme leads to improved energy levels, better mental functioning and alertness, and a general feeling of well-being and good health. Regular exercise can help you maintain a healthy weight as well. What’s more, you don’t need to work out strenuously. Fitness experts and medical authorities agree that exercising 3 times per week for about 30 minutes will have significant benefits. So are you ready to hop on that fitness treadmill and get going? No treadmill? Here’s some information about one you might want to consider: the Precor C956.

Fitness Treadmill: Key Features of the Precor C956

Working out on a treadmill is an effective, but relatively low impact, way to exercise. Most treadmills have cushioned decks, so there’s less stress on your muscles and joints. A fitness treadmill like the Precor C956 is a quality product that’s built to withstand constant use in commercial environments, so this treadmill is certain to function perfectly in the privacy of your home. Priced at about £1850, the C956 has a small footprint that makes it perfect for homes where space is limited. Despite its size, this treadmill is both powerful and smooth. One feature you’re sure to appreciate is the touch sensitive console that makes the C956 supremely easy to use. It also has an integrated water bottle holder, a small but important detail. Safety handrails ensure you’re secure, even when running on the treadmill.

Fitness Treadmill: More About the Precor C956

This premier piece of fitness equipment features a heart rate measurement and monitoring system by Polar, the industry leader. Working out in the correct heart rate zone is essential for maximising the cardiovascular benefits of exercising on the C956. The machine also has pre-programmed workouts to get you started with a minimum of effort. There’s an innovative impact control system called “Ground Effect” that provides a soft, well cushioned running surface. The powerful motor is rated at 3.2 horsepower, so it will stand up to even the heaviest use.

Fitness Treadmill: Final Thoughts on the Precor C956

If you’re looking for a health club quality workout from your treadmill, be certain to give the C856 a serious look. Programmes include aerobic, cross country, fitness test, gluteal, goal, heart rate, interval, manual, random, track, and weight loss. The console displays time, distance, calories burned, speed, incline level, pace, METS, and calories burned per minute. The integrated heart rate monitor measures pulse by way of an EKG grip, and a telemetric receiver. An innovative heart rate control programme ensures your workout is both safe and effective. The C956 has a top speed of 19.3kph, and folds conveniently when not in use. The incline ranges from 0% to 12%, so you’ll always be challenged. The maximum user weight supported is 181.8kg.

The Precor C956 fitness treadmill can be an important ally in your quest to improve your health with a challenging but safe workout.

Source by Jeffrey Kelly Atlas