Taxation of Ill Gotten Gains in South Africa

It has as of late been accounted for in the press that SARS has held up a case for R183 million in annual duty against the home of the killed mining head honcho, Brett Kebble in regard of the R2 billion purportedly taken by him from the mining organizations of which he was an executive. It is additionally detailed that the Master of the High Court has dismissed the case in light of the fact that the sums on which SARS tried to exact expense established cash taken by Kebble, and that taken cash isn't dependent upon personal assessment. It has been accounted for that SARS is to take the Master?s choice in such manner on audit. Why the issue is being challenged based on audit, as unmistakable from the customary procedure of evaluation followed by protest and bid, isn't clear. An audit is concerned distinctly with the consistency of the procedure by which a choice was reached, not with the rightness of the choice itself. A disputable issue of duty law The Kebble case raises an intriguing and uncertain expense issue and, taking into account the enormous aggregate in question, it might be a case that will go right to the Supreme Court of Appeal and bring long-late conviction to the law. The Income Tax Act No. 58 of 1962 (the Act) is of no help with deciding the issue. Segment 23(o) states that installments that are unlawful regarding Chapter 2 of the Prevention and Combating of Corrupt Activities Act No. 12 of 2004 or that establish a fine or punishment for any unlawful action completed in the Republic (or in some other nation if that movement would be unlawful whenever done in the Republic) are not deductible for annual duty purposes. There is, in any case, nothing in the Act to state that the beneficiary of degenerate or illicit installments is (or isn't) expose to personal expense on such sums, and this issue must, along these lines, be settled by the use of custom-based law, in other words, regarding standards set somewhere around the courts. In COT v G [1981] (43 SATC 159) the Appellate Division of Zimbabwe held that an individual who takes cash doesn't â€Å"receive† it in the sense thought about in the meaning of â€Å"gross income† in the Act, since he doesn't get the cash â€Å"on his own sake and for his own benefit†. In the event that this is right, at that point the topic of whether such a sum â€Å"is income† doesn't emerge, since it is just once a sum has been gotten or collected that the issue emerges with respect to whether it is salary or capital. In any case, the accuracy of this choice is suspect. Unquestionably, from the thief?s viewpoint, the motivation behind why he took the cash was exactly to secure it â€Å"for his own benefit† and the translation that the adjudicator concurred this expression is, with deference, legalistic, counterfeit and unsupported by power. In ITC 1789 (67 SATC 205), where the citizen being referred to had requested a huge number of rand from a large number of speculators in a deceitful and unlawful plan, the court held that those cash had been â€Å"received† as mulled over in the meaning of ?net salary?. On the off chance that both of these choices are acceptable law, it would imply that (as was held in ITC 1789) an individual who efficiently swindles others out of cash is dependent upon annual expense on his goods, however that (as was held in G v COT) an individual who really takes cash in a methodical manner isn't available. This, it is submitted, is an over the top and illogical differentiation. The genuine issue was whether the sums were â€Å"income† It is presented that both these cases should have been settled based on whether, in the specific conditions, the sums being referred to had the character of â€Å"income† in the possession of the criminal, as opposed to on the issue of whether the cash had been â€Å"received† by him. Advantageous receipt was without a doubt undeniable in the two cases. It can barely be truly fought that a hoodlum or certainty cheat doesn't expect to obtain the victim?s cash for his own advantage, and treat it as his own. The issue of whether cash that has been taken or is in any case corrupted with wrongdoing is â€Å"income† in the possession of the beneficiary and is along these lines subject to annual duty, raises numerous prickly issues, never to date completely tended to not to mention settled by our courts. A portion of the parts of the issue with regards to whether unlawful receipts are available as salary are ? †¢Illegal receipts go from those that are corrupted with a unimportant specialized lawlessness, for example, those got from exchanging without a permit, to ethically indefensible receipts, for example, the returns of medication managing or a charge paid to a hired gunman for completing a death. In the duty setting, do similar standards apply to each sort of illicit receipt? †¢If SARS were to take a cut of an unlawful receipt, would this not make the State complicit in the wrongdoing? On the off chance that annual expense were to be forced on the beneficiary of taken cash, this would decrease the assets accessible to reimburse the legitimate proprietor. It should be recollected that, in law, responsibility for cash has gone to the cheat, and all that the proprietor has is a case in personam against the hoodlum for reimbursement. On the off chance that the criminal has gone through the cash and can't reimburse it, the casualty is just a simultaneous loan boss in the thief?s indebted home. SARS, on the other hand, has a particular case, regarding the Insolvency Act, for any expenses due. In the event that personal duty were payable on the taken cash, it is in this manner possible that SARS would recoup all or a portion of the expense, yet that the casualty would not get his cash back. This, it is submitted, is an unpalatable outcome. Should SARS get included by any stretch of the imagination? There is a solid contention that, where unlawful installments are concerned ? surely with respect to taken cash ? it would be best for charge law to stand standoffish, append no assessment outcomes to the receipt of the cash, and let the entire issue be chosen as far as criminal law. Notwithstanding, taking into account the vulnerability in the law on this point, SARS can barely be blamed for stating a case.

Exile As Motif In Lenrie Peters English Literature Essay

Outcast As Motif In Lenrie Peters English Literature Essay Christopher Babatunde Ogunyemi is a PhD explore individual at the Department of English, Obafemi Awolowo University, Ile Ife. He was instructed at the University of Uyo, Akwa Ibom State in Nigeria. He holds a Master qualification in Comparative Literature from Dalarna University and he addresses English and Literature at Joseph Ayo Babalola University Ikeji Arakeji, Osun State in Nigeria. He is the creator of Male Autobiographical Narratives and Gender Imperatives, Topical Issues in Literature and Globalization and Narratology and Contemporary Fiction which were totally distributed by VDM-Publisher and Lap-Lambert Academic Publishing in Germany. He has driving papers in global diaries of high notoriety. Dr. Niyi Akingbe shows Comparative Literature, African Literature and Protest learns at the Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, Nigeria. He has composed two basic works: Social Protest and the Literary Imagination in Nigerian Novels and Myth, Orality and Tradition in Ben Okris Literary Landscape. His articles have showed up in driving diaries on African Literature. Abosede Adebola Otemuyiwa is a speaker in the Department of English, Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, Nigeria. She has distributed a few articles in some academic diaries. Living Anonymity: Exile as Motif in Lenrie Peters He Walks Alone Christopher Babatunde Ogunyemi Branch of English Joseph Ayo Babalola University, Nigeria. [emailprotected] what's more, Niyi Akingbe Branch of English Joseph Ayo Babalola University, Nigeria [emailprotected] Abosede Adebola Otemuyiwa Branch of English Joseph Ayo Babalola University, Nigeria [emailprotected] Presentation Outcast is peculiarly convincing to consider yet horrible to encounter. It is the unhealable fracture constrained between an individual and a local spot, between oneself and its actual home: its basic pity can never be overcomed. And keeping in mind that the facts confirm that writing and history contain chivalrous sentimental, magnificent, even triumphant scenes in an outcasts life, these are close to endeavors intended to defeat the accomplishments of outcast forever sabotaged by the loss of something left behind for ever. (Edward Said, 2001:137) Edward Saids accommodation above best clarifies the essentials about compositions on Exile which predicts either self-personality or aggregate character of a gathering of individuals who live in a continuum. This sort of composing either illuminates, teaches or engages yet the significant theme here is to reprimand and to wryly educate the individuals inside the abstract ethos about the exigency of outcast, its mental impacts, sociological impacts and even its political consequences for African individuals. Outcast composing pictures gives that trouble on distance and the mission for opportunity. Authors all through the ages have been utilizing their artistic works of expressions to show different responses that mess with banish. Some x-beam physical outcast others mental outcast which terribly influences the mind of the essayist or the character being referred to. Relocation and constrained movement are panacea to distance and outcast. Works exuding from such sentiments are nostalgic and provocative. Numerous essayists have utilized their attempts to brace the sentiments of outcast in reality. The experience of outcast writing in Lithuania is predicated on the prophetically calamitous second happening to the soviet armed forces in Lithuania. This discarded numerous scholarly and expert away into oust. Writers emerged to respond fundamentally to these predicaments. Instances of such writers are Kazys Bradunas (b.1917), Jonas Mekas (b.1922), Algirdas Landsbergs (b.1924) among others from all pieces of the world. Our anxiety in this paper is to analyze oust as theme in Lenrie Peters verse that is entitled He Walks Alone The sonnet clarifies different reasons Africans go on banish and their impressions when they feel nostalgic. Affections for their underlying foundations, their families and their societies offer ascent to some delicate impressions in their works of expressions. Nonetheless, the work utilizes printed examination to clarify how Lenrie Peters utilizes incongruity and analogy to depict the picture of outcast strategically, mentally, monetarily and truly as repeating themes in his verse. His abundance of symbolism is arranged inside the hub of scholarly application so as to clarify what illuminates movement writing in Africa. This paper is imagined in six developments: the first being the presentation tosses a searchlight into the idea of relocation and its orderly model in Lithuania and Africa. The second tests into what establishes the literary examination approach; the third perspectives banish as theme in African verse; the fourth dives into Lenrie Peters distraction of outcast; the fifth development conceptualizes the utilization of the printed investigation to the sonnet being referred to and the 6th, being the last development closes the work. The paper conceptualizes the literary investigation way to deal with show the natural estimation of movement and outcast in the body of the content. Daniel Chandler has done some phenomenal use of the literary way to deal with the broad communications. This methodology permits solid knowledge into the comprehension of verse as it moves in existence. The Textual Analysis Approach There are two primary types of the printed examination of mainstream society antiquities: interpretive and content investigation. This paper will utilize these two varieties in its corpus. Interpretive Textual Analyses This include: semiotics, explanatory examination, ideological investigation, and psychoanalytic methodologies, among numerous others. These sorts of examination look to get underneath the surface (denotative) implications and inspect progressively certain (indicative) social implications. These printed examination approaches regularly see culture as an account or narrating process in which specific writings or social curios (i.e., a pop melody or a TV program) deliberately or unwittingly connect themselves to bigger stories at play in the general public. A key here is the manner by which writings make subject positions (personalities) for the individuals who use them. Content examination is a progressively quantitative methodology that extensively overviews things like what number of examples of brutality happen on a run of the mill night of prime time TV survey, or what number of Asian American ladies show up in a days worth of TV ads. This data, particularly when connected to progressively subjective sorts of investigation, can be entirely significant in moving past the experts in every case to some degree abstract perceptions (http://culturalpolitics.net/popular_culture/textual_analysis). As per Jan Ifversen in Text, Discourse, Concept: Approaches to Textual Analysis, he clarifies the printed hypothesis utilizing the Foucauldian talk investigation and Begriffsgechichte which can be productively joined to build up a literary examination in any scholarly work, he takes into perception and shows that account both realistic and semantic elements of language is the assignment of source analysis to set up this case. Be that as it may: Literary examination, then again is worried about the semantic types of past portrayals. It must get to holds with the illustrative tie that joins memory to declaration and declaration to composing. A few approaches are applied to literary investigation of chronicled reports. they contact perspectives inside literary investigation that especially concern recorded material and abstract skyline (KONTUR nr. 7 2003: 60) Which means arranged substance investigation and interpretive and basic content examination approaches share an emotional ontological status of human activity and conduct and a methodological promise to catching the real significance and translations of authoritative on-screen characters associated with corporate story detailing. Corporate story archives are viewed as a mechanism for importance development for hierarchical entertainers. Nonetheless, content examination comes closer from the interpretive and the basic points of view recognize the scientists subjectivity. Abstract works give diagram of the examination points of view and comparing content investigation approaches which are further in writing. It demonstrates the decision of content examination way to deal with be controlled by the exploration worldview in which the scientist finds him/herself, which, thus, comprises of a particular mix of the specialists epistemological position and the conviction in regards to the onto logical status of human activity and conduct. (Merkl-Davies, 2009: 5). We will apply the printed way to deal with the verse of Lenrie Peters so as to comprehend its evaluative translation in relocation writing. Outcast as Motif in African Poetry Verse as a rule utilizes the utilization of epigrammatic proclamations, verses, solid pictures which graphically outline indisputable facts throughout everyday life and social equity (Maduka and Eyoh, 2000:14). In light of this, writers, for example, Williams Wordsworth, John Keats, Shakespeare, Yeats and so forth utilize their verse to explain different themes from blamelessness to experience, nature and love, unbridled journey for social equity, etc. Outcast is a case of such topic that verse proverbially loans its trustworthiness on in light of the fact that it conveyed laconic words and encoded representation in the brightening of topical distraction. Writers could effectively impart their sentiments without been hurt or without been threatened by the cultural system or instrument of intensity that needs abstract creative mind. Correspondingly, artists effectively call the consideration of crowd to the situation of outcast so as to realize new life and new encounters. It comes do wn to what is banish. As indicated by Jacqueline Corness in a paper entitled Alienation and Freedom-An investigation of Dostoevskys Notes From Underground as it identifies with the Theme of Exile, she characterizes banish from the point of view of Said when she opines that: Outcast isn't, all things considered, a matter of decision: you are naturally introduced to it, or on the other hand it transpires. Thus, banish is regularly thought to be the most psycholog

Blog Archive Diamonds in the Rough The University of Notre Dame, Mendoza College of Business

Blog Archive Diamonds in the Rough The University of Notre Dame, Mendoza College of Business MBA applicants can get carried away with rankings. In this series, we profile amazing programs at business schools that are typically ranked outside the top 15. Environmental sustainability and social impact are becoming increasingly important components of MBA programs. The University of Notre Dame’s Mendoza College of Business is leading the way to more ethically oriented business training, with all 20 of its required core courses and more than 140 electives involving social, ethical or environmental components. Relevant class offerings include “Ethical Leadership,” “Sustainable Enterprise,” “Ethics in Finance and Banking” and “Examination of Sustainability.” From orientation to graduation, students enjoy ample opportunities to participate in community outreach. The school has two ethics centers, a faculty whose recent research explores such topics as how carbon emissions relate to firm value and an Interterm Intensive session, during which students can immerse themselves in corporate social responsibility issues. Share ThisTweet Diamonds in the Rough Blog Archive Diamonds in the Rough The University of Notre Dame, Mendoza College of Business MBA applicants can get carried away with rankings. In this series, we profile amazing programs at business schools that are typically ranked outside the top 15. Environmental sustainability and social impact are becoming increasingly important components of MBA programs. The  University of Notre Dame’s Mendoza College of Business  is leading the way to more ethically oriented business training, with all of its required core courses and more than 100 electives involving social, ethical, or environmental components. Relevant class offerings include “Foundations of Ethical Business Conduct,” “Ethics in Emerging Markets,” “Sustainability: Accounting and Reporting,” “Ethics in Finance and Banking,” and “The Business of Sustainability.” From orientation to graduation, students enjoy ample opportunities to participate in community outreach. The school has two ethics centers, a faculty whose recent research explores such topics as how carbon emissions relate to firm value and an Interterm Intensive session, during which students can immerse themselves in corporate social responsibility issues. Share ThisTweet Diamonds in the Rough Notre Dame (Mendoza)

The Emotions of Captivity in Psalm 137 Essay - 4605 Words

The book of Psalms contains some of the most beloved pieces of scripture across centuries and cultures of this world. Psalms have been frequently cited is sermons, devotionals, movies, poetry, and songs. Most often, Psalms are attributed to King David of the 10th century BCE. But regardless of the authorship of the different psalms, each seem to carry a special place in describing human relationships to God, to country, to friends, to enemies and more. As time has progressed, certain psalms have become favorites because of their encouraging and uplifting messages, such as the timeless Psalm 23. However, other psalms are neglected in Christian circles because of the difficulty they present in interpretation. Often, these psalms are†¦show more content†¦For there our captors demanded of us songs, And our tormentors mirth, saying, Sing us one of the songs of Zion. How can we sing the Lords song in a foreign land? If I forget you, O Jerusalem, May my right hand forget her skill. May my tongue cleave to the roof of my mouth. If I do not remember you, if I do not exalt Jerusalem, above my chief joy. Remember, O Lord, against the sons of Edom the day of Jerusalem, who said, Raze it, raze it, to its very foundation. O daughter of Babylon, you devastated one, how blessed will be the one who repays you with the recompense with which you have repaid us. How blessed will be the one who seizes and dashes your little ones against the rock. (Ps 137, NASB) It is not often that theologians can agree upon the date of authorship of a text, but Psalm 137 is an exception. It is widely accepted that this psalm was written during or shortly after the exilic waves of the Southern Kingdom during the Babylonian captivity of 597 BCE and 587 BCE , extending to 538 BCE . While no specific author is identified as the author of Psalm 137, it certainly is not King David due to the time elapse from King David’s reign and the Babylonian Captivity. The anguish described in the b eginning of the Psalm paired with the vengeful remarks at the end of the Psalm, in addition to the reference to Babylon while the writer’s heart longs for Zion undoubtedly make this Psalm a description of the exile written during or shortlyShow MoreRelatedRastafarian79520 Words   |  319 Pagespost-exilic era: The pre-exilic prophets had created the resource for culture-building in their call to maintain the covenant with God. Though it had fallen mostly on deaf ears before, that proclamation planted the cultural seed that was cultivated in captivity and grew to sustain a nation which otherwise would not have been. Only after the prophets are gone do the effects of their prophecy become manifest in the â€Å" . . . subjective or internal 26 RASTAFARI alteration of the central system ofRead MoreSda Manual Essay101191 Words   |  405 Pages............................................ Women’s Ministries Committee ............................................... xiii 126 126 126 126 127 127 127 128 128 129 129 129 130 130 130 131 131 131 131 133 133 134 134 134 135 135 136 136 136 137 137 138 138 138 139 139 139 139 140 140 141 141 142 xiv CHURCH MANUAL Children’s Ministries Committee ............................................. Children’s Ministries Coordinator ......................................... Religious Liberty Leader

A Career in Physical Therapy Essay - 1281 Words

Life can change in a split second when an unanticipated injury or disease hinders someone’s normal daily life. Modern medicine, physicians and families can only do so much but physical therapy can help recoup the life many of us take for granted. It often isn’t until we lose something that we as humans realize what we had such as the value of our body’s ability to take us through each day. A physical therapist is the person who stays with a patient for the duration of the rehabilitation process. A physical therapist leads the patient through the process of regaining physical strength and helps the patient regain control of their future. Much like many careers that involve interaction with individuals, physical therapy reaches beyond†¦show more content†¦Colleges with a medical department often have a master’s program for physical therapy. (â€Å"Physical Therapists†) Physical therapy students have a required amount of field work in or der to complete a program. Each candidate must work in an accredited workplace for the field work assignments. This part of the program is extremely valuable and helpful for a new therapist entering the field. Working one on one can be difficult even with all of the educational tools. (Curtis 37) Beyond the educational requirements for physical therapists are the many other attributes that are needed to be successful. A career as a physical therapist requires a lot of studied skills, personal characteristics and physical fitness. A physical therapist should enjoy working with people and helping others. An ability to listen to patients and understand is important to success. Patients are often a victim of a traumatic experience, injury or are afflicted by a debilitating disease. The emotional distress can often be as trying as the physical dysfunction. (Kottler 11) Communicating and teaching skills are needed to help patients learn new movements and exercises to practice on their own. 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Physical Therapist: An Overview of the Career In the words of Field (2007), physical therapists develop therapies and exercise modalities to helpRead MorePhysical Therapy Career Field2203 Words   |  9 PagesWhen considering the physical therapy career field, I concluded that my interests and skills are compatible with the career requirements in this field. My sisters friend whom I chose to interview for this paper, contributed to my interest in physical therapy. By doing this research I would like to learn the average pay for a physical therapist. Also, what are suggested classes for a physical therapist while in college? This research will help me better understand what a physical therapist does andRead MoreFinding A Career May Be A Physical Therapy1117 Words   |  5 PagesFinding a career may be an imitating approach conversely, it may be the most important factor in the long run. The world offers thousands of various occupations that benefit everyone around them. 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That association includes 274 charter members. â€Å" In 1922, the association changed its name to the American Physiotherapy Association (APA) and men were admitted†Read MoreMy Research on What It Is and What It Takes to Become a Physical Therapist642 Words   |  3 PagesPhysical Therapy has always been a career that has had me interested in. Physical Therapist are part of the health care profession, which help relieve pain, and increase strength in their patients. Physical therapy has many different areas of specialization. Physical Therapy branches out into careers such as Cardiopulmonary, Orthopedic, and Kinesiotherapist, and within these specializations physical therapist see all different age groups from newborns, to the very oldest. Throughout their day physical

Exploring the Theme of Love in Sonnets 57 and 58 Essay

Shakespeare’s sonnets are numbered in a sequential order and adjacent sonnets often have similar content. Throughout Shakespeare’s sonnets, he covers many subjects, such as interest in the life of a young man, his love for a young man, and his love for a dark haired woman. In sonnets 57 and 58, Shakespeare discusses how love is like slavery in its different manifestations. The object of the narrator’s love has a dominating power over the narrator, which controls him and guides his actions. Shakespeare shows in sonnets 57 and 58 that love can be displayed by using many different routes such as viewing love as a controlling force, exploring the theme of time and waiting in regards to love, and the question of the physical state of being of†¦show more content†¦In sonnet 57, line five, the narrator says I don’t dare, thereby again showing his reluctance to resist the efforts of the lover to control him and dominate him. In sonnet 58, line 9, the narr ator says that the control over him by the lover is very strong, however he doesn’t seem to make any effort to resist these temptations and exertions of power, but rather resigns to them and accepts them as part of his life. The use of the word tame to describe himself in sonnet 58, line seven, suggests that the narrator doesn’t want to actively resist the domination by the lover but instead is resigning his will to the lover. As the narrator lets himself be enveloped in his love for the young man, he loses a part of his own willpower. Time is also addressed in both of these sonnets. Both sonnets have images of the narrator waiting. In sonnet 58, line four has the narrator awaiting the leisurely needs of the lover, and again in line 13 I am to wait signifies the author waiting for the lover. In sonnet 57, line one the narrator says what else can I do but wait. In line six, the narrator refers to watching the clock or waiting, and also in line eleven he says stay which means wait. The purpose of waiting in these sonnets is to show that the narrator is subservient to the lover andShow MoreRelated Love and Hate in Shakespeares Romeo and Juliet Essay3761 Words   |  16 PagesAnalyze the Portrayal of Love and Hate in ‘Romeo and Juliet’ The emotions of love and hate are at the forefront of the theme in this play by William Shakespeare. The Oxford Standard English Dictionary defines ‘love’ as ‘to have strong feelings of affection for another adult and be romantically and sexually attracted to them, or to feel great affection for a friend or person in your family’ and defines ‘hate’ as ‘a feeling of dislike so strong that it demands action dislike intensely, to feel antipathyRead MoreLet Majorship English4572 Words   |  19 PagesAge. The primary virtues emphasized were_________________. A. valor and honestly C. valor and loyalty B. honesty and truthfulness D. loyalty and truthfulness 15. Which poetic style is most associated with Robert Browning? A. The sonnet C. The lyric ballad B. The ode D. The dramatic monologue 16. Who is the first African nobel laureate? A. Camara Lays C. Ngugi Wa Jhiong’O B. Wale Soyinka D. Chinua Achebe 17. According to Aristotle’s Poetics, which isRead MoreSantrock Edpsych Ch0218723 Words   |  75 Pagesstudents’ cognitive development? How might knowledge of students’ cognitive development influence the way you teach? †¢ How does language develop? What is the best way to teach students to communicate verbally? PHYSICAL AND COGNITIVE DEVELOPMENT Exploring How Children Develop Language Development Developmental Why Studying Issues Children’s Development Processes, Is Important Periods, and Stages Physical Development and Health Growth in Childhood Pubertal Changes Child Health and Education 32Read MoreCrossing the Chasm76808 Words   |  308 Pagescan predict its appearance and build strategies to cope with it, and it is the purpose of this book to help in that process. But fixing your position relative to the North Star does not keep water out of the boat. As the French proverb says, â€Å"God loves a sailor, but he has to row for himself.† And in that act of rowing the work is huge and the risks high, and every reader of this book who is also a practitioner of high-tech market development has my deepest respect. With that thought in mind

Review of Related Studies - Inventory System free essay sample

The following statements given are related to our study about the inventory system which is found very useful for the proponents in making the system. It is nearly impossible to overemphasize the importance of keeping inventory levels under control, Ronald Pachura wrote in an article for IIE Solutions. Whether the problems incurred are caused by carrying too little or too much inventory, manufacturers need to become aware that inventory control is not just a materials management or warehouse department issue.The purchasing, receiving, engineering, manufacturing, and accounting departments all contribute to the accuracy of the inventory methods and records. It is little wonder that business experts commonly cite inventory management as a vital element that can spell the difference between success and failure in todays keenly competitive business world. Writing in Production and Inventory Management Journal, Godwin Udo described telecommunications technology as a critical organizational asset that can help a company realize important competitive gains in the area of inventory management. We will write a custom essay sample on Review of Related Studies Inventory System or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page According to Udo, companies that make good use of this technology are far better equipped to succeed than those who rely on outdated or unwieldy methods of inventory control. Automation can draidatically affect all phases of inventory management, including counting and monitoring of inventory items; recording and retrieval of item storage locations; recording changes to inventory; and anticipating inventory needs, including inventory handling requirements. This is true even of stand-alone systems that are not integrated with other areas of the business.But many analysts indicate that productivity—and hence profitability—gains that are garnered through use of automated systems can be increased when a business integrates its inventory control systems with other systems, such as accounting and sales, to better manage inventory levels. According to Dennis Eskow in PC Week, business executives are increasingly integrating financial data, such as accounts receivable, with sal es information that includes customer histories. The goal: to control inventory quarter to quarter, so it doesnt come back to bite the bottom line.Key components of an integrated system †¦ are general ledger, electronic data interchange, database connectivity, and connections to a range of vertical business applications. David Cahn, a director of product strategy for business applications at a firm in New York, confirmed this view in an interview with Eskow: What drives business is optimization of working capital. The amount of control you have on inventory equals the optimization of the capital. Thats why its so important to integrate the inventory data with everything else. Source : http://www. referenceforbusiness. com/encyclopedia/Int-Jun/Inventory-Control-Systems. html