Bussiness Law Essay Example | Topics and Well Written Essays - 1500 words

Bussiness Law - Essay Example With its exponential development and the blast in data and presentation on the planet because of it, there was felt a requirement for a foundation and assurance of rules and guidelines, and a system for it to work inside. A board or a gathering was should have been set up that would examine and lay the structure and the basic and fundamental issues identified with the guideline of the Internet. For this reason, a show was held in Athens, Greece, in 2006, called the Internet Governance Forum (IGF), under the UN that laid the justification for the following show that was held in Rio de Janeiro, Brazil, from 12 through 15 of November 2007. Both the shows set up the plan and targets of the IGF to be followed universally. All the partners from all the nations, particularly the legislatures, are urged to take an interest, comply with the guidelines and effectively include in their execution in their nations. This is basic as Internet crosses every single national limit and this makes management by one body both outlandish and wasteful. Four essential and significant goals were set down in the main show in Athens, and a fifth was included the plan in the second show in Rio, alongside expanding upon the built up four. Essentially, every one of these plans depend on the Tunis Agenda for the Information Society. These destinations are as per the following: Access: the Internet is on a consistently expanding development, in any case, larger part of the total populace despite everything lives in segregation from this significant apparatus that has the ability to fundamentally change the financial and the social states of any general public. As per reports, out of the all out 6 billion individuals living on the planet today, around just 1 billion approach the Internet office, the staying five billion individuals are still on the opposite side of the computerized separate that is so essential to connect. The genuine intensity of the Internet must be completely saddled in the event that it is used by most of the individuals around the world. Up till now, notwithstanding, just around 1.6% of the total populace is profiting by it. This implies the accessibility of access is the most significant and pressing issue confronting the discussion, and it must be handled first. To neutralize upon it, certain proposition have been remembered for the a genda.First off, an exertion would need to be made on the worldwide level, including every single taking an interest partner, to set up administrative bodies and to layout legitimate approaches for speculation and foundation of framework in this area. The vast majority of the populace that doesn't approach the Internet are the neighborhood individuals living in country zones. These regions represent a few issues. The monetary measures of individuals living there are not high, thus Internet access would need to be made reasonable and simple. For this, nearby passages, or working out foundations (IGF 2007) would need to

Clexane Essay

Clexane (enoxaparin) will be the point for my educating plan. In the arrangement it will mean to clarify how and why enoxaprin is regulated and why it is required. Clexane infusion contains the dynamic fixing enoxaparin, which is a kind of medication called a low atom weight heparin. It is a medication that is utilized to treat blood clumps, or prevent clusters from framing inside the veins, Enoxaparin is utilized to forestall and treat sorts of unusual blood clumps. It works by inactivating thrombin in the coagulating procedure. This stops the arrangement of fibrin, the fundamental segment of blood clumps. The medication is regulated by infusion under the skin (subcutaneous infusion). Clexane is usually used to forestall thickening after an activity, for example, a hip substitution, or certain heart conditions. The way clexane works is by forestalling certain particles in the blood called coagulating factors from working. Coagulating factors are expected to frame a coagulation (e. g. n a cut or a scratch). Notwithstanding, blood clumps can frame inside the body and travel to territories, for example, the lungs or mind, where they can shape a square. At the point when this happens it is hard for blood to circle appropriately, the coagulation may likewise cause serious ailment. Clexane will be given in understanding to the heaviness of the individual. Subcutaneous Injection Technique. The patient should accept the without a fight position prepared for the clexane infusion to be regulated, this is given by a profound subcutaneous infusion. To stay away from any loss of the medication which is managed in 30 and 40 mg pre-filled syringes, there is an air bubble that ought not be ousted before the infusion is given. Organization ought to be switched back and forth between the left and right anterolateral and left and right posterolateral stomach divider. The entire length of the needle ought to be brought into a skin overlap held between the thumb and index finger; the skin crease ought to be held all through the infusion. To limit wounding, the infusion site ought not be scoured on finishing of the infusion.

Implementation of Integrated Performance Management Essay

Usage of Integrated Performance Management - Essay Example TQM has a preventive methodology and not a criminologist way to deal with work (Walton, 1986). It is a proactive framework and not an inactive one and weights on expelling the deformity as opposed to simply finding it. Deming (1986) and Walton (1986) both express that the investigator frameworks have genuine disservices. Right off the bat these are results and as such can't help in amendment of past blunders. Furthermore, the more noteworthy misfortune is that because of mistakes the client will be disappointed. Thirdly the immediate expense of deformity identification and later remedy or substitution is multiplied. Fourthly the human expense by method because of a paranoid fear of execution and loss of pride in workmanship is the best of all (Walton 1986). This can be dodged by following TQM process by not permitting a flawed item or administration to be sent from creation lines. Clearly avoidance is superior to fix. Execution the board ought to be comprehended as an instrument for estimating corporate goals and is measurable in substantial structure as far as yields lastly expectations to clients. A definitive objective is to convey absolute quality and 100 percent incentive to the end client. (Zairi 1994) and this is the norm or benchmark of adequate execution the executives that portrays the ideal utilization everything being equal. Zairi (1996) proceeds to express that item life cycles are getting shorter making it basic for associations to go to developments with more prominent speed to stay successful in their business sectors. Dynamic in this manner gets dependant on quality confirmation frameworks that give the necessary data to these decisions. Execution the executives is accordingly fundamental to assess the quality and to guarantee agreeableness by clients. As indicated by Zairi and Youssef (1998) in the worldwide setting today rivalry can't be met with cost proficiency alone. Quality assumes a similarly significant job in surveying intensity. Quality is an element of (TQM) and

Facts, Fiction and Ib Economics Extended Essay Topics

Facts, Fiction and Ib Economics Extended Essay Topics Ib Economics Extended Essay Topics and Ib Economics Extended Essay Topics - The Perfect Combination The new assessment criteria is on the IB site. The important thing here is that the comparison has to be significant. Understanding of the topic is crystal clear and coherent. Take into consideration your strengths and weaknesses. The Chronicles of Ib Economics Extended Essay Topics You might think that it is only the cover of your essay, but it's an important component, and you ought to treat it correctly. A protracted essay is one which you won't finish overnight. It is one of the most important parts of your IB Diploma. It is a type of academic writing assignment, which success depends on the structure. Therefore, if there's any reason why you cannot have your extended essay written on time yourself, all you have to do is place your order on our site, and leave the rest to us! Here are a few lists of drawn-out essay topics that you are able to check out and choose from. Taking economics extended course requires you to have a deeper comprehension of economics. The very best method is to check through some excellent extended essay examples. In such a situation it might be recommended to find professional extended essay aid. This kind of essay isn't the easiest one to cope with. At length, the essay is going to be submitted to IBO, where it's going to be checked and assessed. Use standard few paragraphs for such an essay. Our IB internal assessment help tutors are ready round the clock to supply insights and will assist you in research so that you might finish your IB assignments in a brief moment. Some schools will provide you with a timeline of when you must develop a topic, when you will need to meet up with your advisor and when certain drafts are due. Welcome to the very best IB economics extended essay help support. A great research question is imperative to a decent Extended Essay. Among other requirements for the drawn-out essay, there's a point about topics. As soon as you select a topic and approve it, you'll need to get started working on your writing. The next matter to discuss is a protracted essay format. If you're searching for a Ib English written task writer who can assist you and direct you in picking out the topic together with help in structuring Written Task 1 and Written Task 2, you might contact us. Do not compose a lengthy compound sentence if it is possible to write it as two distinct sentences. The language ought to be mostly your own. Don't use idiomatic language. Many students don't have outstanding research abilities. They do not have expert writing skills. Too often students require the world wide web for every one of their secondary research. High school students who complete the programme receive a chance to produce their college application seem more attractive for the committee, and obtain some distinctive interdisciplinary understanding.

Andrew Jacksons Significance - Free Essay Example

Sample details Pages: 3 Words: 977 Downloads: 6 Date added: 2019/08/12 Category People Essay Level High school Tags: Andrew Jackson Essay Did you like this example? Born on March 15 1767, Andrew Jackson was a American soldier as well as a statesman. He later moved up to become General in the Army. From 1829 to 1837, Mr. Jackson was president of the United States. During Andrew Jackson presidency, he wanted as well as actually changing a lot of things. One of the first things he wanted to change was the right of the Common Man. Before he became President he felt that the people in congress were corrupt. He wanted to makes things fair and Andrew did not want people to judge him based off his Army background. Between the time of 1813-1814 Jackson lead all of the troops during the Creek War also known as the Red Stick War. In August 30, 1813 a faction of the Creek Indian Nation called the Red Sticks under Red Eagle, slew nearly 250 Alabama settlers in a brutal manner, resulting in the calling out of two 2,500 man forces, one under Jackson to punish and stop the Indians. It was feared that the Indians, in close contact with the Spanish, would begin a cooperative campaign against the southern U.S. which resulted to Alabama and Georgia giving up their land. Don’t waste time! Our writers will create an original "Andrew Jacksons Significance" essay for you Create order In 1815, the Battle of New Orleans was lead by President Andrew Jackson. His army was outnumbered against the British. Having being at war with napoleonic France for a long time, Britain started pressing American Merchant sailors into service. They were forced to join the Royal Navy. The United States considered this illegal and threatened to retaliate, but even though Britain needed these sailors to re-enforce a blockade of France, the practice continued. This lead to a negative effect on the American economy of course. As the Americans moved West, they came upon native American nations who gave them a fight in order to defend their land. The British became allies with these Native American nations, which thy gave them weapons. Britain got blamed for the attacks on the American settlers on the frontier which kept increasing. On June 4, 1812 Congress declared at war on Britain. So on June 18 President Madison signed the declaration. Britain did not see this coming, so they were throwed off when it all happened, especially since they were not prepared for a war. Luckily for the British the American forces were also not prepared for a war. In 1812 the United States had enough soldiers to proceed into war with, and so they did. They were the first to attack. Many people were killed in this war including Major General Ross, in the process of fighting. The war of 1812 should not be forgotten, because that is the turning point in the development in American Democracy, American government, the American sense of who we are. It was the chance we had in order to prove that we ha a right exists as a independent and free Nation, and that we did. After the war of 1812 we proved to everyone that we are here to stay, and that we are not going anywhere. It is sad to say but history remembers the war of 1812 as The Forgotten War. this whole war was all worth it in the end because, we set the odds and still won. In 1830 Congress passed the Indian Removal Act which said that all Indians living east of the Mississippi River must leave their lands and move to Indian Territory (Current day Oklahoma). Of course many tribes had a problem with just making their things and leaving, because they have been living there for a long time. They did not think this was right The Seminoles put a fight which caused troops to kill them, it was that or them being forced to leave. Although they went about removing the indians the wong way, if this law was not made to begin with, the citizens would give a lot of backlash and later would take the next step to kill the indians. Later in the year of 1833, Andrew Jackson encouraged Congress to pass the Force Bill law. The law was made to give the president the power to use the military to enforce the collection of import duties if a state refused to comply with federal tariffs. The bill was passed during the nullification crisis, which arose after South Carolina declared that it would treat the Tariff Acts of 1828 and 1832 as null and void. The Force Bill also contained a provision that rendered it effective only until the conclusion of the next congressional session. Without this law the President of the United States would not be able to call on the Army in emergency events, when needed. In 1834 Andrew Jackson made a big decision to destroy all the national debt. This was the only time in history that all debt was paid. The debt was 75 million, but the United States at that time was worry free of how they were going to pay that off. Before Andrew Jackson ran for President he knew his biggest enemy would be the bank. Eventually Mr. Jackson had to pay the debt. If he did not it will cause another war. In addition to Andrew Jackson being President of the United States, he was also a good man. His strong characteristics helped him lead the army and the whole United States into many victories. He has shown to be a great leader in many different situations. All Mr. Jackson ever wanted to do was make America great. He also wanted to keep America that way years down the line. He was not only fighting for his country while he was President, but he was fighting for the United States so it can forever be good and secure. Many people may not agree with how he did things, but to his defense, President Andrew Jacksons Presidency was significant, because it lead to victories that will later help the country become strong years down the line.

Marijuana And Its Effects On Marijuana - 1216 Words

Sonita Sao Professor Andrea Biology 101 Marijuana and Its Effects Marijuana is a type of medication produced by using the dried blossoms and leaves of the hemp plant. There is a large debate in the United States of America on whether marijuana should be legalized; Marijuana is the most used illegal drug in the USA (Klein, 2005). Marijuana is useful as it has been utilized and made legitimate in part of a few states despite the fact that there are numerous critics of these recent activities. The uses of Marijuana have been scientifically supported to help relieve nausea glaucoma, wasting in virtually unlimited aliments, pain, menstrual cramps, AIDS, and depression. On the other hand, there are adverse effects that Marijuana can have on individuals, for example, direct impacts to the cerebrum, diminished capacity to learn and hold data; furthermore it may create uneasiness, fear, doubt, or anger. There is a particular artificial chemical that upgrades the capacity to stimulate the mind when inhaling causing a human to feel high. The main substance in marijuana contains THC (tetrahydrocannabinol), which is a mind-altering ingredient found in the cannabis plant. Tetrahydrocannabinol is the chemical responsible for most of marijuana’s psychological effects. THC changes behavior by binding together like a lock and key to receptors on nerve cells, which then respond with a change in activity (Cox, 2012). THC stimulate cells in the brain to quickly release dopamine, makingShow MoreRelatedEffect of Marijuana3829 Words   |  16 Pagesof marijuana, whether excessive or not, has different effects to the health of individuals that eventually affects the community as a whole† I. INTRODUCTION a. BACKGROUND OF THE STUDY i. Definition ii. History 1. Laws of bills II. RESULTS AND DISCUSSION b. Interpretation of collected data iii. Reception of people towards marijuana 2. Positive perspective 3. Negative perspective 4. Effects of marijuana Read MoreEffects Of Marijuana On The Medical Side Of Marijuana1856 Words   |  8 PagesThroughout the years the medical side of marijuana has been a big controversy. Recent studies and research show a promising outlook on the uses of medicinal cannabis. Cannabis oil is a new recent cultivating development and has many uses that shed positivity. The outlook is popular and promising, so what does that say about our future? There are many benefits when it comes to the medical use of cannabis. The main known form is cannabis oil. This is the oil that is extracted using a solvent from theRead MoreMarijuana: Cause and Effect1064 Words   |  5 PagesStephen Tracey Professor Curran English 101 10 November 2011 Marijuana: Cause and Effect Today in America, millions of American citizens are both confused and outraged by the fact that there are still laws that are preventing people from using one of the most popular and controversial, illegal substances in the world: marijuana. According to recent polls, fifty percent of Americans want marijuana to be completely legal and decriminalized (Blodget), and a whopping eighty percent of AmericansRead MoreEffects Of Marijuana On The Body1495 Words   |  6 PagesNumber: 2015009001 The Effects of Marijuana on the Body Marijuana is considered in popular culture to be a widely accepted mainstream recreational illegal drug used in the United States; its use comes with severe adverse side effects that are often overlooked. Long-Term use of marijuana sis shown to have negative effects on physical, mental, and environmental health. Studies have shown that in the United States, up to 20% of daily marijuana users become dependent (Marijuana and Lung Health) showingRead MoreThe Effects of Marijuana Essay1259 Words   |  6 Pagesthink smoking marijuana is cool. They might try it without knowing what it is or what affects is has on you. Once someone smokes it for the first time, they might keep doing it again and again and they could get hooked on it for life. People who use marijuana usually never use any other type of illegal drugs, but more than seven thousand five hundred people get arrested for using marijuana every year. There is a wide variety of marijuana, but they are all based off of two marijua na plants, IndicaRead MoreNegative Effects Of Marijuana1612 Words   |  7 Pages What is marijuana? What is it made of? Why is cannabis still illegal in certain states? Why does marijuana have so many names? Where do the names come from? What is the marijuana culture and how do they celebrate? How is marijuana beneficial? All these questions roaming through people’s mind. Cannabis is a green mixture of the dried, shredded leaves and flowers of Cannabis sativa. People usually smoke marijuana in hand-rolled cigarettes called joints or cigars called blunts, or in a pipe, orRead MoreThe Negative Effects Of Marijuana861 Words   |  4 Pages Marijuana is sweeping the nation. How might this affect people’s everyday lives? Is the progression on legalization a good thing or a bad thing? In order to answer that, the people must first consider the health effects of the consumer and the economic effects of the nation. Marijuana could have both positive and negative effects on the health of the user and the economy. While marijuana does indeed have some health benefits, it also has many adverse health effects and can lead to severalRead MoreThe Harmuful Effects of Marijuana787 Words   |  3 Pages In 2006, A Drug Free Worlds The Harmful Effects of Marijuana† emerged in the media. ADFW reasons that marijuana is harmful in numerous ways, including cerebral damage and debilitation to the immune system. Throughout the article, they also try to persuade the reader that cannabis is a gateway drug that undoubtedly leads the users into much harder drugs. When reading this article, one must consider that research to support anything can be found if one searches hard enough, but without a doubtRead MoreEffect of Marijuana Essay1777 Words   |  8 PagesAbstract: In America Marijuana has been a topic of debate for many years. Many people of society and even the national government have expressed strong against the uses of marijuana. They view Marijuana as a drug that causes people to act against rules that has been set by society. However they fail to look at the positive benefits that can come from the uses of marijuana which actually have been proven by researchers to have positive benefits when it comes to the well being of peopleRead MoreNegative Effects Of Marijuana1903 Words   |  8 PagesAmong teens and adults marijuana is the number one drug used for medical and recreational use. Marijuana was not legalized by the states in the U.S. until recently, but it has been in use since the 1970’s. Although, marijuana has been legalized for only a couple of years, the issues of marijuana are becoming a larger epidemic. Many people have the misconceptions that marijuana will not have the same effects as other drugs or even such as tobacco, but after an abundance of research, scientist discovered

Ethical Issues and Social Accountability In Accounting

Question : Groups are to research one specific issue of their choice relating to accounting related ethics and social accountibility that is prominent in today's Australian Business Environment. As a result of their research groups need to develop a report format response detailing the issue, including examples and explaining the implications for various stakeholders. The response should conclude with supported specific recommendations as to how organisations and their accounting advisors should proceed in light of the analysis. Answer : Introduction We need to report out a Comparison of two different companies form the same industry listed in Australian stock exchange. For this analysis we have chosen: Caltex Australia limited Austex Oil Limited To do the necessary comparisons, the two companies chosen are from the same industry i.e. Oil exploration. Executive Summary Caltex Australia limited is the parent company of the Caltex Australia Group. This entity is listed on the Australia Stock Exchange (ASX). Caltex is operating in Australia from more than 100 years. This Company is known in Australia for providing on-going, reliable, safe and efficient fuel supply to our customers. This group controls many other wholly owned entities and other companies including Caltex Australia Petroleum Pty Ltd, Caltex Refineries (NSW) Pty Ltd, Caltex Refineries (Qld) Pty Ltd, Caltex Petroleum Services Pty Ltd and Calstores Pty Ltd. Companies 50% of the shares of Caltex is owned by Chevron. Caltex is one of Australia's leading transport fuel suppliers and convenience retailers. Caltex decision making relies in the hand of Caltex Board and management. The employee strength of the Company extends to more than 3700 employees working all over the country with head office in Sydney. The principal activities of Caltex includes purchase, refining, distribution and marketing of petroleum products and operating convenience stores throughout the country. This Company has two oil refineries one at Kurnell refinery in Sydney and another at Lytton refinery in Brisbane. These refineries are engaged in the production of petrol, diesel and jet fuel. Along with the above products small amounts of fuel oil and specialty products, liquid Petroleum gas (LPG) and other gases are also produced by these refineries. Caltex is also involved in marketing of refined products that it buys from the open market both overseas and locally, and along with the main products that Caltex refines across retail and commercial channels. These products are reaches to the customers via a network of pipelines, terminals, depots and company-owned and contracted transport fleets. (Annual Report of Caltex Australia, 2013) On the other hand, Austex oil limited is an oil and gas producing Company with its major operations in Oklahoma and Kansas, in the mid-continent of the United States of America. This Company though its two wholly owned subsidiaries, International Energy Corporation (Oklahoma) and International Energy Corporation (Northern Oklahoma) operates lease in Oklahoma. This Company with the passage of time is in the process of raising development capital in order to quire and develop oil and gas lease in USA. At Oklahoma site the oil and gas production is expected to increase as the company continues to develop new wells with an intention of growth. At this site the Company has in total drilled 18 new Vertical production wells (not all were producing during the year) during the year and 3 new Salt Water Disposals well and production hub was completed. In Kansas site, the oil and gas project are held by International Energy Corporation (Kansas) (IEC-KS) in a joint working interest arrangement with Castle Resources LLC, which is the operator of the leases. The Company during the year was engaged in the drilling of 3 additional wells. (Annual Report of Austex Oil Limited, 2013) Discussions Both the Companies i.e. Caltex Australia limited and Austex Oil Limited are listed in the Australian Stock exchange. However, Caltex Australia limited has its major operations in Australia, the Austex Oil Limited has is operations in USA. Both these Companies belong from the same industry but there is different in the operations. Caltex limited in involved in purchase, refining, distribution and marketing of petroleum products and the operation of convenience stores means this Company through its stores deals directly with the end user that is the consumers. On the other hand the Austex limited is involved in exploring oil and gas with selling its end products to other companies. So Austex doesnt deal directly with the end users. While reviewing the accounting policies of Caltex limited, it is noticed that it complies with the environmental provisions applicable on the company. All the necessary accruals related to environment is been made and these accruals re adjusted based on further information and circumstances. If any recovery is been made from the third party same is been accounted for when it is certain that the amount will be recovered. Any cost that has been incurred in complying with the environmental regulations and on-going maintenance and monitoring are expensed as they are incurred. On the other hand in case of Austex Limited, the meeting of environmental regulations at the same time is more important being they are involved in extraction and use of natural resources. Any environmental expenditure incurred by the company that prevents any future contamination or that costs lead to any improvement in the environmental safety or increases the efficiency of the existing assets, then the cost so involved will be capitalised. If nay accrual is being booked for any environmental liabilities, the accrual will be based on estimated future expected cost. When it comes towards the corporate social responsibility, the Austex limited in its financials has not highlighted any point pertaining to its responsibility towards the society. On the other hand Caltex limited was very clear in this front. They have stated that they will work for sustainable growth and for shareholders value. They will extend their efforts towards reducing the impact of their operations towards environment. This Company has its own health and safety policy. This policy of the Company is approved by the OHS Environmental Risk Committee, and this committee requires Caltex to provide a safe and healthy workplace for all our people. This OHS Committee also motivates the Company to operate in a way that it will not adversely affect the health and safety of its neighbours, customers or the public. The Company also emphasis on health and safety measures and ensures that the same is embedded in the business planning process and entrenched in the culture of the organisation. Ethics in accounting are concerned with making the preparation, presentation and disclosure of financial information better in all regards. The financial statements of the Companies are important for the various stakeholders such as shareholders, money lenders, Banks, financial institutions and many others. So ethics in accounting will make the financial information in the statement better in all regards for these people, as these people rely on this statement before taking any financial decisions. Most financial accounting activities seem too concerned with matters like maximising shareholders wealth, helping distant and remote financial market and many others. The financial accounting has no obvious social and environmental interest. When comparing both companies financially, it came across that in terms of sales revenue Caltex ($24.6m) is way ahead of Austex ($16.9m). But this is not the correct factor to judge the performance of the Company. The Gross profit ratio of Austex limited comes at around 70% whereas the Gross profit ratio of Caltex just not stands near the Austex, it is around 7%. (Approx. 10 times of Austex GP ratio). There is difference in the primary activities of the Companies. Considering this factor, the expenses of Austex limited will be on a higher side as compared to Caltex limited being Austex is involved in exploring natural oil and gases. Considering the above factors when the net profit of both the companies are compared, it is found Austex limited went into losses amounting to $ 1.1m, whereas Caltex was having some profits amounting to $528K. The Austex limited is expected to increase its oil and natural gas exploration as the company continues to develop new wells with an intention of growth. Considering this vision of the Company, it has acquired more capital from the public during the year. ISO stands for International Organisation for Standardisation. This is the organisation that provides tools for managing and tackling the global challenges of todays modern world. (Website of ISO) ISO works for sustainable development that is providing the resources for meeting the present requirements without compromising the ability of future generations to meet their own needs. ISO 14000 forces on environmental management systems. This ISO provides tools to the companies that will help them to improve their environmental performance and control their environment impact. This ISO provides framework to the companies to set up an effective environmental management system. Management, employees as well as external stakeholders can rely on this ISO for ensuring that the environmental impact is being measured and improved. The benefits of using ISO 14001 can include: Reduced cost of waste management. Savings in consumption of energy and materials Lower distribution costs Improved corporate image among regulators, customers and the public. Caltex Australia limited follows that ISO 14001. The Companys annual report is printed on an environmental responsible paper manufactured under the environmental management system. (ISO, 2014) ISO 26000 provides all the necessary guidelines to the companies so that they can operate effectively in the socially responsible way. By following the guidelines, the companies in todays world can act ethical and transparent way. By doing so, the company can contribute to the health and wealth of the society. Caltex being a company works to deliver sustainable growth and shareholders value. This company works in such way so as to ensure maximum growth for the investors and minimise its impact on the environment. (ISO, 2014) The conventional financial accounting is designed in such a way that it more likely to cause harm to society and to the environment. The profits of the companies are growing at the inevitable expense of social and environmental damage. Caltex Limited has tried to stop the above practise. Caltex limited has participated in the Commonwealth Energy Efficiency Opportunities Scheme and reported under the National Greenhouse and Energy Reporting Scheme and under the Carbon Disclosure Project. This kind of participation is important for the companies who wanted to address social responsibility. ISO 50001 stands for Energy management This ISO helps the organisation to save money by becoming energy efficient. This ISO provides different guidelines to conserve the resources and tackling the climate change. This ISO through various energy management systems tend to supports organisations in all sectors to become more energy efficient. ISO 50001 provides a framework of requirements for organizations to: Develop a policy for ensuring more efficient use of energy. Fix targets and objectives to meet out the policy. Use the data better in order to understand and make decisions about energy use. Measure the results. Review how well the policy so designed above works, and Continually improve energy management tool. As we all are aware in todays competitive world every organisation is planning to reduce is expenditure and energy is one of the major source which is being used by mostly all the companies to convert their raw material into finished goods. Through these energy management systems, the companies can plan to curtail its energy expenses. This is beneficial from financial as well as important for social prospective as it will help the companies to conserve the resources and tackle the climate change. Conclusion Considering the above points of discussions and looking at the financials state of both the companies and the ISO standards applications, The Caltex Australia Limited stands far better than Austex Limited. Caltex Limited has a strong background; this company is established in Australia from past more than 100 years. This Company through its convenience stores has reached to the ultimate customer and basis to their needs they have made necessary changes within its policies. Caltex limited is flowing ISO14001 and is meeting its corporate social responsibility with high stands. Caltex limited is profit wise more solid than with Austex limited, its strength is quite visible from its financials. References Annual Report of Caltex Australia, 2013; Available at: https://www.caltex.com.au/InvestorCentre/Documents/2013/2013%20Annual%20Report.pdf Annual Report of Austex Oil Limited, 2013; Available at: https://www.austexoil.com/irm/content/pdf/AusTex-2013-Annual-Report.pdf Official Website of ISO; Available at: https://www.iso.org/iso/home.html ISO 14000 Environmental Management; Available at: https://www.iso.org/iso/home/standards/management-standards/iso14000.htm ISO 26000 Social Responsibility; Available at: https://www.iso.org/iso/home/standards/iso26000.htm ISO 50001 Energy Management; Available at: https://www.iso.org/iso/home/standards/management-standards/iso50001.htm ISO Standards in action; Available at: https://www.iso.org/iso/home/news_index/iso-in-action.htm