The views of Robert Maxwell and Harold Edey on accounting policy, creative accounting and regulation Essay Example

The views of Robert Maxwell and Harold Edey on accounting policy, creative accounting and regulation Essay Robert Maxwell was credited with saying that Accountancy is not the exact science which some of us once thought it was, and in an academic paper, Edey (1989) stated that Accounting reports can provide no more than approximate (rough is a better term) indications of the financial health and state of a business. Profit is no more than an estimate of how well a business has performed; how good an estimate it is in specific cases is dependent upon the nature of the business being reported upon and the appropriateness of the accounting policies selected. Using relevant examples critically discuss and debate these statements. The thoughts of Robert Maxwell and Harold Edey on the nature and significance of accounting have proven to be prophetic. The practice of showcasing and window-dressing the financial status of a business corporation is as old as the institution of accounting itself. These practices are not always carried out with malicious intent, but more often than not, the practice of creative accounting is a harbinger for trouble in the future. During the last few years, â€Å"incidences of â€Å"creative† and even fraudulent accounting practices have been revealed with an unexpected frequency and order of magnitude. Names like â€Å"Enron†, â€Å"Lehman Brothers† and â€Å"Worldcom† no longer represent stories of growth and business success. Instead, they have become the most conspicuous symbols of all the accounting shenanigans and accompanying audit failures that have shaken the public’s confidence in financial reporting.† In this context the insightful thoughts of accountancy experts such as Robert Maxwell and Harold Edey carries additional importance. The rest of this essay will critically evaluate their view of accountancy by referring to relevant examples. We will write a custom essay sample on The views of Robert Maxwell and Harold Edey on accounting policy, creative accounting and regulation specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The views of Robert Maxwell and Harold Edey on accounting policy, creative accounting and regulation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The views of Robert Maxwell and Harold Edey on accounting policy, creative accounting and regulation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Although the term ‘creative accounting’ has a positive ring to it, suggesting something innovative and brilliant, in reality it is little more than a euphemism for accounting practices that do not adhere to the spirit of accounting principles. These practices entail adding complexities to accounting information as well as finding novel ways of representing income, assets/liabilities, etc. Such deviations from normal accounting practices are carried out with the intent of deceiving or manipulating the readers’ understanding of the financial situation of the company. The readers are usually the stakeholders in the company, including shareholders, lenders, suppliers/vendors, taxing agencies, regulatory authorities, etc (Deegan Unerman, 2006). In other words, how well a business corporation performs in financial terms is significant for a broad group of people that includes potential/existing investors, creditors, employees or managers. With differing information nee ds and purposes, each category of stakeholders should be provided with data that is comprehensive, relevant and reliable, so as to allow an informed opinion to be reached on the corporation’s financial performance (Deegan Unerman, 2006). The following passage places the practice of ‘creative accounting’ in the context of information needs by various stakeholders: â€Å"Preparers of financial statements are in a position to manipulate the view of economic reality presented in those statements to interested parties. There are two principal categories of manipulative behavior. The term ‘macro-manipulation’ is used to describe the lobbying of regulators to persuade them to produce regulation that is more favorable to the interests of preparers. ‘Micro-manipulation’ describes the management of accounting figures to produce a biased view at the entity level. Both categories of manipulation can be viewed as attempts at creativity by financial statement preparers. These manipulations can be regarded as morally reprehensible. They are not fair to users, they involve an unjust exercise of power, and they tend to weaken the authority of accounting regulators.† (Akhigbe, et. al., 2005) Furthermore, all too often, the general public is left out of the list of stakeholders. A corporation’s operations have direct and indirect effect on the general public too, who don’t have a â€Å"stake† in the company in the conventional use of the term. Yet, business corporations are purely economic structures, whose sole purpose is profits and whose foresight stops with the next quarter. It is in this context that a more transparent set of accounting standards are required. One of the major corporate scandals in recent years is that perpetrated by Bernard Madoff. Although his company was operative in the United States, its example is appropriate to the discussion of accounting practices in the UK as well. The greed of money that led Madoff to resort to unethical accounting practices is not a unique event. In fact, the basic vision of a business corporation seems to be greed and unsustainable profits. As the case of the collapse of Lehman Brothers clearly illustrates, the unrealistic ambition of CEOs of large corporations is a major factor. For example, Henry Fuld, the Lehman Brothers CEO who took his company to bankruptcy, had earned $350 million as compensation in the three years before the collapse. The deregulated economic environment is a result of right-wing economic policies of the Bush Administration during its eight year tenure. The Madoff Scandal and the collapse of Lehman Brothers then looks like a case of history repeating itself. In this con text, it is incorrect to place the entire blame on top executives such as Bernard Madoff and Henry Fuld alone, for the responsibility for the crisis lies primarily with such institutions as the Securities and Exchange Commission, the Federal Reserve and other government agencies (Alexander et. al., 2009) . In the case of Federal Reserve, its policy to encourage trading in complex financial products such as derivatives had played a major role in the economic crisis. The policies framed by the Federal Reserve had indirectly contributed to income disparities in American society, which proved to be a key factor. These imbalances led to an unstable economic climate, which ultimately precipitated the market crash and recession. Considering this, it would be imprudent to hold people like Bernard Madoff and Henry Fuld guilty of creative accounting practices, for the failure is much broader and systemic in nature. (Maltby, 2009) Moreover, financial reporting and account keeping as it exists today have their limitations. While they can accurately evaluate the values of tangible assets, more often than not the measure of intangible consequences of the company’s operations are not accounted for. For example, let us take a company that manufactures cosmetics. The manufacturing and packaging of the company’s products involves chemical processes, the residues of which are purged into a nearby river stream or sea. The discharged residual matter is highly toxic and hence harmful for the aquatic life in the waters. This leads to the diminishing in numbers of many species. Those that survive this hazard and land in fishing nets are consumed by human beings. So, now the citizenry of the area surrounding the company’s processing unit get affected. The affectation could be of varying degrees and can manifest slowly over a long period of time. These are all costs alright, but not for the business corp oration. These â€Å"externalities† are not accounted for in the annual reports. And in contexts such as this Harold Edey’s and Robert Maxwell’s views on accounting take added significance. (Alexander et.al., 2009) Some of the inherent flaws in the regulatory environment of the United States is also seen in the United Kingdom, which had its own share of corporate scandals in the lead up to the economic recession. For example, â€Å"Since the early 1990s in the UK, there have been at least two similar occurrences. The rise and fall of Internet-related stocks in the UK and the USA spanning the turn of the century is particularly noteworthy, not only because the fall was so inevitable but also because the rise in expectations was so dependent on an optimistic presentation and interpretation of financial information. While there was huge economic growth, it was artificially fueled by excessive deregulation, the â€Å"incentivizing† of CEOs and conflicts of interest that ran out of control.† (Maltby, 2009)

Jesus and Mohammad, Christianity and Islam

Jesus and Mohammad, Christianity and Islam Free Online Research Papers Jesus and Mohammad shaped what Christianity and Islam are today. These two men were born at different places and times in history that touched many lives that begin from birth through their lives to beyond their deaths. Though their teachings were about one God, their beliefs were different in many ways. Tracing their lives to compare and contrast their differences will show each of us the meaning and purpose each of these men had here on earth. The beliefs of Jesus and Mohammad are carried on today throughout society in many different ways. Comparing their births starts with Jesus being born of the Virgin Mary and adopted father, Joseph around 4 B.C. in the town of Bethlehem. An angel came to Mary to tell her she was going to have a son and to name him Jesus, which means Savior. Jesus was raised by both Joseph and Mary throughout his childhood. Mohammad was born around 570 A.D. by his mother Aminah and father Abd Allah in the town of Mecca. Mohammads name means Praised One. Mohammads father died before he was born and his Mom died by the age of six leaving Mohammad to be raised by a nurse, then his grandfather and finally by his uncle. Both these boys had different childhoods as Jesus labored as a carpenter with his adopted father, Joseph and Mohammad started out as a shepherd then became a camel-caravan leader. Jesus at the age of 12, started going into the temple to listen, ask questions of his elders and speaking knowledge of the word that a boy of this age normally would not know. Mohammad traveled many distances as a young boy with his uncle doing main trade routes. Mohammad went to work for a woman by the name of Khadijah bint Khuwaylid, who happened to be the wealthiest person in Qurasih. She trusted Mohammad with her trades which brought much money in return. At the age of 25, Mohammad married the widow woman Khadijah. Mohammed was known to go into the mountains to meditate and pray to God. At the age of 40, according to (Rivzi 2009),On Mount Hira that an Angel by the name of Gabriel came to Mohammad and bought him a message that Allah (God), choose him as the last prophet with a mission to preach submission to the will of Allah. The will of God is that the Prophet to-be should undergo the entire sufferings, pains and privations incidental to human life in order that he might learn to bear them with becoming fortitude and raise his stature in human perfection (Rizvi 2009). By the age of 30, Jesus was seeking John the Baptist, to perform a baptism for him in the Jordan River. Jesus then went into the wilderness and was tempted by Satan. Jesus as God was in human form here on earth to show that he was thirsty, hungry, and tempted as a normal man but could prove to everyone that he was in perfect form and could resist any temptation. Jesus went on to perform miracles, had followers fall at his feet, and continued to spread the good news, the Word of God. Jesus never married and Mohammed married many times over the course of his life. Jesus was literate and Mohammed was illiterate but commanded by Angel Gabriel to read. Mohammed learned to recite and memorize the revelation of Gods word. This revelation was revealed in the book of Holy Quran. With Jesus, the word of God was revealed in the New and Old Testament of the Holy Bible. Jesus lived a life free of sin and did not have to ask forgiveness where Mohammed prayed to Allah (God) sometimes five to seven times daily. Jesus did not wage any wars, ordered death and established love for everyone around him. Jesus was sent to earth to become a sacrifice for our sins. Believe in Him and have everlasting life. Jesus created a spiritual kingdom while here on earth and was recognized as a Savior, the Son, God, Holy Spirit, Messiah, Redeemer, Prophet, and Lord among other things. Mohammed created an earthly empire and by the permission of Allah (God) waged war by fighting or leading battles in which he was Messenger of God to reunite all people. One of Mohammads best recognized qualities was his representation of his proclamation of principles of universal brotherhood and doctrine of equality of everyone. He was recognized also as a Prophet, a king, a warrior, a businessman, a general, a preacher, a judge, a protector and a saint among other things. Mohammed became a significant figure in Islam regarding his qualities of honesty, sincerity, and noble virtues where Jesus became a significant figure to Christianity for his qualities of miracles, teaching and knowledge, giving, willingness, and sacrificing himself for our chance at eternal life. Mohammed became ill died sometime in his sixties. Mohammed is believed to have gone to heaven after his passing to be with Allah (God) in Paradise. Jesus was persecuted, tortured, and crucified to death on a cross. Jesus resurrected three days after his burial to ascend back to heaven. There are those who believe that Jesus crucifixion and death symbolized a chance of forgiveness of sins. His death gives those who believe salvation and redemption from hell. There are many disputes over the Christian belief of what transpired during Jesus time and has many beliefs and different denominations that are known today. Mohammeds death was merely losing a leader, someone of importance to the traditions, faith and unity of Islam. Again, Mohammads death created different beliefs and splitting the Islamic faith. Christians today follow the teachings of the Old and New Testament of the Holy Bible. The common belief for Christianity is that God sent his Son, Jesus Christ here on earth to pay a price for our sins, so that we would have a chance at Eternal Life, residing with him in Heaven. For those who do not believe in Jesus as their personal Savior and ask for forgiveness will pay the price and reside in the fiery pits of hell forever. The common belief for Muslims is their full submission to Allah, the only God. Muslims strive hard to protect the Holy Quran to its original form. Muslims also believe that at the end of the world, each one will resurrect from the grave and be held accountable for his or her actions on earth and those who were good, will reside in Heaven and those who were bad, will reside in hell. Both Jesus and Mohammed were extraordinary men for their time here on earth and the religion they taught others, setting an example to others, and holding true to their faith and belief in God (Allah) to their followers. Throughout history both religions, Christianity and Islam have created many conflicts among many people but each person is entitled to his or her beliefs and most hold true to their heart what is considered to be religiously correct. Everyone according to the Christianity and Islamic belief is that each of us will be held accountable on Judgment Day. Research Papers on Jesus and Mohammad, Christianity and IslamBook Review on The Autobiography of Malcolm XComparison: Letter from Birmingham and CritoPersonal Experience with Teen PregnancyHip-Hop is ArtWhere Wild and West MeetNever Been Kicked Out of a Place This NiceMind TravelThe Fifth HorsemanAnalysis Of A Cosmetics AdvertisementCanaanite Influence on the Early Israelite Religion

New Product! Reedsy Launches New Book Marketing Tool

New Product! Reedsy Launches New Book Marketing Tool Big Announcement! We've Launched a New Book Marketing Tool For over four years, the team at Reedsy has worked with thousands of self-published authors helping them develop their craft and publish better books with the help of our professional editors, designers, and book marketers. And in that time, we’ve noticed one thing popping up again and again: As an indie author, it’s really hard to find readers.When you’ve spent ages perfecting your book, polishing the manuscript and nailing the cover design, it going to be a total bummer if you put it out into the world and only hear the sound of crickets (notably, the least literate of insects).With this challenge in mind, we’re really excited to announce the launch of Reedsy Discovery 🎉 #Selfpub authors! Check out Reedsy's new book marketing platform! What is Reedsy Discovery?Designed with indie authors in mind, Reedsy Discovery is a platform that gives you direct exposure to hundreds of reviewers and thousands of readers. With the help of our community and machine-learning algorithms, Reedsy Discovery will let you home in on eager readers who would otherwise have no way of finding out about your awesome mystery novel, fantasy epic, memoir, or non-fiction masterpiece. In short, it’s all about connecting your book with the right people. Or, if you want another comparison: it’s like Goodreads for indie authors (only it looks a lot better).Throwing humility to the wind, our aim is to make Reedsy Discovery the go-to platform for any author looking to create momentum for their launch.So how does it work?When you sign up to Discovery, your book will be presented to a pool of experienced and relevant reviewers that have been hand-selected by the team at Reedsy. For maximum suitability, they get to choose what they review - so make sure that your title, synopsis, and cover catches their eye!Then, on the launch date of your choice (which, we’re imagining might coincide with your publishing date) your book will be promoted to thousands of registered readers who can then:Browse your sample chapter 👀Comment on it 💠¬Lovingly admire your cover design 😠Read your review (if you have one) 🠤“Upvote the book 👠And purchase it through your chosen online retailers 💠¸ Big announcement! You can now find over 100 reviewers for indie books at Reedsy Discovery! At launch, authors will pay $50 for exposure on Reedsy Discovery. To stand the best chance of attracting the right reviewer, we’ve created a guide to launching on Reedsy Discovery which includes our best submission tips.So if you’re a self-publishing author, why not head down to Reedsy Discovery and find out how we can help you get the reviews and readers that your book launch deserves!Want to help out your ol’ buddies at Reedsy? Click here and upvote Reedsy Discovery at Product Hunt. Any help us get the word out about this service - which will, in turn, help you get more eyes on your next book.

Supreme Court Justice Term Paper Example | Topics and Well Written Essays - 750 words

Supreme Court Justice - Term Paper Example Records of the Supreme Court lists her as the fourth female justice to have served in that capacity and one hundred and twelfth overall judge among all the judges that have served in the supreme court since its establishment (O’Connor, 2004). Kagan was appointed to the position to succeed an outgoing justice Paul Stevens. Sworn in by the leader of the court, Chief justice John Roberts, Kagan officially began her term on the seventh day of August in the year 2010 after confirmation by the Senate. In reference to her earlier academic and legal career, she has served as a legal clerk for justice Thurgood of the American Supreme Court and also for Judge Abner formerly of the United States Court of Appeals, District of Columbia circuit in the Year 1987. In the year 1991, she worked as an assistant Professor in the department of Legal studies at the University of Chicago. She graduated to the level of an associate professor of law in the year 1995. Her first publication on law was a n article review on law titled† The first Amendment hate speech†. This article mainly analyzed the consequences of the motive in government regulation of speech. She also reviewed Stephens Carter’s book in relation to judicial confirmation process (O’Connor, 2004). ... She replaced James Buckley in the United States court of appeal district Of Columbia circuit after being nominated by President Clinton to the position (Holzer, 2012). After her stint at the white house, Kagan went back to academic roles once again serving as the dean in the department of law at the University of New Mexico. She is also credited to having transformed Harvard law school from a hostile student environment to student centered environment. At the beginning of President Obama’s regime, he made an announcement that he was going to nominate Kagan to the position of the solicitor general despite the fact that she had no prior records of having argued any case before the court. In the year 2009, the senate confirmed her nomination making her the first woman to hold that position in the history of the United States. In September the same year she made her first ever appearance before the Supreme Court. However, contentions arose in regard to the arguments she advanced i n her capacity as the solicitor general. Cato institute and the first amendment centre disputed her arguments. Her nomination to the Supreme Court was a subject of great interest even before the election of President Obama to office. The media was rife with speculation of her potential nomination if a democrat president carried the day in the elections. This was because of her position as the Solicitor general which was seen to serve as a great leverage (Toobin, 2008). However, this was not to be as Obama had nominated Sonia Sotomayor to the Supreme Court. Following the announcement of Justice Paul Stevens on his intentions to retire, speculations emerged once again on the possibility of Kagan nomination to the Supreme Court. Kagan’s

Marketing principles Assignment Example | Topics and Well Written Essays - 750 words

Marketing principles - Assignment Example The aim of the process had to be under the management of a marketing manager (Drummond & Ensor, 2005). All these definitions are important. Marketing has to be under the management of an individual with appropriate skills to accomplish the missions set. It is a process that ensures the organization meets its objectives in terms of sales of products and services, and it is a process that has to ensure the consumer gets what he or she wants. One common idea is that it is an organizational process meant to increase profits. This could be by making the customers aware of the existence of the product, informing the consumers of its benefits, or even enticing consumers to buy the product. Marketing is a vast field and involves a lot of other organization activities. The manner in which an organization conducts its activities can also be marketing. Through their activities, people will get to know them and appreciate or grade them, hence improving the image of the company. This is indirect marketing (Drummond & Ensor, 2005). ... This information is then disseminated across departments to ensure a specific aim is attained. It is all about an organization making use of the marketing concept as the basis for its marketing plans, therefore, supplying products that suit consumer preferences and tastes (Blythe, 2009). A perfect example is the production of iPhones by Apple and Samsung. These companies conducted thorough market research, found out the consumers’ desires, and used research and development techniques to develop what the consumer wanted: the iPhone with various pleasing features. The companies then made use of promotional activities to inform the consumers about the product (AFP, 2013). Marketing oriented organizations also have to monitor what their competitors do, and the effect of such actions on consumer preferences and tastes. The organization should also analyze the effect of other exogenous factors (Blythe, 2009). Marketing oriented organizations can also be oriented towards marketing fr om a sales, product, production, or marketing perspective. This means that an organization can focus on marketing a specific product, can focus on increasing sales, and can focus on improving its production, or even marketing the whole organization’s products. There are different perspectives that can be taken. In ‘Tip-Top accessories’ for example, the manager can focus on increasing the sales of all the products; hence identify marketing strategies appropriate for such an approach. The manager can also focus on the production approach, conducting market research and supplying products with features needed by the consumers, or the manager can just focus on appropriate marketing strategies for various products depending on the market environment, and the internal conditions

Stranger in a Strange Land Essay -- Stranger in a Strange Land

Stranger in a Strange Land Stranger in a Strange Land by Robert Heinlein takes the themes portrayed in the book and directly criticizes the Western Culture. As Heinlein said, "My purpose in this book was to examine every major axiom of western culture, to question each axiom, throw doubt on it" (Jelliffe 161). These axioms are where feels the Western Culture fails and so he uses the themes to criticize humans of the Western Culture by pointing out these faults. The themes of the story portray this by having Valentine Michael Smith, a human raised by Martians, come to earth to teach his knowledge which contradict what the Western Culture feels to be true. "Stranger is a strong-minded work of culture criticism, no doubt about it (Stover 58)." The themes that Heinlein uses are those of religion, sex, and love to make his point of where the Western Culture fails as a whole. Heinlein's writing of his novels after 1961 when he wrote Stranger in a Strange Land, has changed the genre of science-fiction, because he not only wrote about strange worlds and crazy adventures, but Heinlein also tried to include criticism and a message to the reader in his novels to explain problems that he felt humans have. This became Heinlein's writing style after 1957 when he reached the age of 50 and was on the top of science-fiction. Because science-fiction was considered to be for kids, Heinlein began to write more for adult audiences by adding the real problems and criticism into his novel (Drucolli 210). "The publication of Stranger in a Strange Land marked drastic shift in Heinlein's writing, at least in social criticism and controversial subject matter" (Drucolli 227). "As he had done immediately before World War II, Heinlein helped to ... ...ing the Ways of Man to God: The Novels of Robert A Heinlein." Contemporary Literary Criticism. Eds. Dedria Bryfonski, Laurie Lanzen Harris. Detroit, MI: Gale Research Company, 1980. Vol. 14, 254-255. Jelliffe, R.A. "Alice in Wonderland for Space Age Grownups." Contemporary Literary Criticism. Eds. Dedria Bryfonski, Laurie Lanzen Harris. Detroit, MI: Gale Research Company, 1975. Vol. 26, 161-162. Rose, Lois and Stephen. "The Shattered Ring: Science Fiction and the Quest for meaning." Contemporary Literary Criticism. Ed. Carolyn Riley. Detroit, MI: Gale Research Company, 1969. Vol. 3, 226-227. Samuelson, David. " 'Stranger' in the Sixties: Model or Mirror?" Contemporary Literary Criticism. Eds. Dedria Bryfonski, Laurie Lanzen Harris. Detroit, MI: Gale Research Company, 1975. Vol 26, 167-169. Stover, Leon. Robert A. Heinlein. Boston: Twayne Publishers, 1987.

Library System Documentation Essay

A. Introduction A computer plays a vital role in our life and in our society. Business and some government agencies have long been using computer-based system. In schools and private office computer plays a vital role in their advancement and development. With the emergence of computer technology. Efficiency and accuracy were achieved. Even with the emergence of this technology, there are still many establishments today which still are used manual system in their operations. With the problems being encountered, such as inaccurate results and workloads, computers will of great help. Through an automated system, problems will be lessened with ease accuracy and efficiency. The Library, being the focal point for academic in college and university campuses plays a vital role in the academic development of the students and faculty alike. It has the basic function of aiding the parent institution in carrying-out its objectives by acquiring and making the books, materials and services available when needed. With the rapid and advancement in computer technology. Traditional library function is now being updated using current technology concepts. Libraries are now faced with the challenge of providing effective access to the rapidly growing resources in electronic form. B.Problem Statement Mabini Educational Institution Library faces the following problems: * Manual in locating and knowing the availability of the books. * Manual in knowing the list of employee * Less efficient and Time consuming. * Unmanageable record and list of books. * The Library clerk has delayed response to the inquiry. * The librarian needs enough time to track down the borrowed book. C.Objective The objective of the study is to propose a computerized library system as well as a system design that could be used by MABINI EDUCATIONAL INSTITUTION. D.Hypothesis The system will not be able to provide and develop a computerized library system. It will not be able to increase security in terms of record keeping.The system will not to be able to easily track down number of available books. The system will not be able to save time in updating book records. E.Significance of the Study The study can help lessen problems that are presently encountered by the said school. For the school (& the people behind the management of the library system particularly the librarian), this would help in minimizing the loss of book records being encountered in the existing library. Creating reports would be easier for the librarian. For the student and teachers, this would save time in verifying whether the books is available or not. For the researchers to enhance and likewise develop their skills and talents in analyzing system needs designing a computerized system and as a programmer developing a software. This study will also serve a reference for the future researches who will conduct a similar study. F.Scope and Delimitation The study entitled â€Å"Computerized Library System of MABINI EDUCATIONAL INSTUITUTION† focuses mainly in the transaction of arrival of books, borrowing of books, returned books and the overdue. It will also include the monitoring of books and generating of books records. The system would have information about the student and the books they borrowed or returned. Details about the book would also be included in the system such as call number, title, author, and the accession number. The system would have monitor of the book with a penalty. The system will only limit its study in the MEI balele branch. The Proposed system does not include the catalogue system, borrowing other materials such as thesis, manuscript, newspaper, magazines and etc. because of time constraint. CHAPTER 2 A.REVIEW OF RELATED STUDIES Local Studies Wilson Banga and Connie Kou, made an information system. The study eliminates the present problems and procedures and efficient and reliable result. The study includes all records from first year to fourth yea, the alumni record and the personal record applicable to registrar’s office. Maria Teresa Lumban (2000) made a library system. The Proposed library system for Lipa City National Library was made to prove that computer could be useful in solving problems arising from the increasing demand of library users. It is a window database that runs through Windows 98 operating system. The system uses peer-to-peer networking and is set-up on star topology. Billy Dimaculangan (2000), made a library system. The system shows the computerized library system of Mabini Academy High school Department and used the peer-to-peer networking in windows 98. Elmer Tanyo (2000), made a automated card catalogue system. Just like an ordinary manual catalogue system, libraries have option to delete, add, record in card catalogue order to update the catalogue. The software also has the option to reserve our borrow book. Julius Luna (2001), made a library system. The proposed system consists of two major components card cataloging and users-monitoring system. The card cataloging system serves information on book acquisitions and call number. It is capable of accessing the location of individual’s volumes. Foreign Studies According to Charles Deavor (1991), the automated card catalogue for library is open to access the shelves and the facility to borrow means that much of use modern library is at the free choice of reader, scholars and scientist continue to emphasize the value of browsing among shelves of well-arranged library. Eileen Merith (1992), made library system. The system was develop through HTML, and Java the Galileo project will create standard friendly user computerized community information system. Thus computerized information system consolidate social service, health, care, training, and job information in an interface that average citizens and system participants can use. They also have the information that enrollment system tax a completed introductory program application from the community service. Robert Kingsley (1995), made an inquiry system. The system was developing through Java and HTML. The system aims to provide convenient and comprehensive advantages, their effectiveness revolved around the availability of machine information, specially two types of machine readable information one indentifying the browser and the other indentifying the items to b changed. CHAPTER 3 A.Theoretical Framework B.Conceptual Framework C.Methodology This Computerized Library System is recommended to Mabini Educational Institution High school. This Computerized Library System is design to help those MEI student, teachers, other Personnel , and other concerned people so many persons will be benefited . For the school, it will help to have a secure assurance of borrowing books from the library and can easily detect the borrowed books. For the librarian, do not need to consume or use up more time to handle of manage data and to produce a report on library manually. The personnel can organized and find the book easily. For the student, it will borrow book in much easier way. It does not have to fill up again the library card, a computerized library system is much better than the present library system which is in manual form. The System is not intended to changes all the principle details and methods of borrowing books from the library but rather to improve it in much accurate and reliable form .