Romania Health Insurance System             An effective health system improves the overall health of communities.  Mainly, it defends individuals against any ailments that will adversely affect their wellbeing. An operational health system also provides medical cover to all individuals, irrespective of their economic class.  Therefore, a health cover ensures that all patients access medical services, which improves their health outcomes. However, when individuals have no access to medical insurance, they cannot receive the care they require, and if they do, the medical bills are incredibly high (Vlaˇdescu, Gabriela Scîntee, Olsavszky, Quevedo, & Sagan, 2016). The way health services are organized, including medical insurance, varies across nations. The government of Romania strives to provide medical cover for all its citizens by making it mandatory for employed and self-employed persons to contribute. The government controls the health care sector and determines the amount to allocate to this industry. Accordingly, the Romanian health system is divided into the district and central or national levels. The central level outlines the overall objectives and principles of the country’s medical policies. Notably, the primary institutions that…

Why You Should Use Rental Equipment For Short Term Projects Equipment can account for a considerable amount of your whole budget. That’s why it’s a wise idea to consider renting instead of buying, especially for short term projects. For one, you get the advantage of having the right tool for a matched job. Many other costs and usability factors that determine how you should acquire your tools. Some advantages of renting equipment include: Tax Breaks Rental equipment is a deductible tax item, while purchasing is subject to a depreciating tax rate. Rental equipment expenses are also more flexible. Moreover, they are not subject to large corporate taxes. Such tax deductions are also refundable. This frees up more money for projects in the future, or they can reflect in your companies profit statement. Avoiding Transportation And Storage Costs The last thing any contractor wants is for their shiny new equipment to sit in the sun or snow when not in use. Such methods of storage degrade the quality of the equipment. Storage space can also increase your expenses and transportation can…

 executive employees and features of the nonqualified deferred compensation plans The topics mainly give an understanding of the executive employees as well as the features of the nonqualified deferred compensation plans. They also explain the examples of the NODC plans for the executives’ retirement, the mechanisms for funding the NGOC plans, and the separation agreement for the executives. The establishment of benefits and compensation for the executives calls for knowledge of more principles and practices (Copeland p.65). Under normal circumstances, they do not apply to nonexecutive employees. This issue of compensation for executives has recently drawn a lot of attention in the media since the compensation for the executives’ increases even as the company’s profits are declining. This paper will, therefore, discuss the key employees distinguishing between the executives and nonemployees based on their regulations and also the highly compensated employees. The main reason why they are paid higher is that they play a vital role in the management of the organization. Key employees also help in making better decisions for the success of the organization, and that is the…

AUDIT INFORMATION SYSTEMS INTRODUCTION Organizations introduce the use of an information system to add much-needed value to the organization. The amount created can be interpreted to provide additional benefits cut costs dan d inspire confidence in their operations. The audit information system refers to the inspection of an organization system controls within the parameters of the Information Technology setting. The purpose of the audits is to determine how well these systems are functioning well; its data is safe-guarded and has the highest form of integrity. Most organizations use IT, and therefore there is a need to audit these systems to keep them safe from manipulation of computer attacks. These advantages of this Information systems to a business include; enhance better service delivery; they cut down on costs, growth in communication; increase efficiency. IS audit’s primary objective is to reduce risks and increase certainty. It is essential that these systems are kept in check because companies primarily rely on them. IT AUDIT(Hall 2016)In preparation to carry out an edit, several factors are essential, including assessing the risks involved and gathering evidence…

Bates analysis The agitation for independence among African countries peaked at the beginning of the 1960s. As most of them gained independence, its populations were optimistic that self-rule would lead to various benefits, socially, economically, and politically. Nonetheless, an analysis of the continent’s post-colonial era by Bates reveals that that optimism was misplaced. Bates asserts that a combination of weak economic policies and political disorder are the primary reasons that led to the failure of African countries to realize the expected gains of independence. In this paper, an evaluation of the political structures and economic policies that led to the underdevelopment of Africa, as explained by Bates, will occur. The onset of the political structure in Africa was fairly progressive. However, by the 1970s, the political order in the continent had given way to conflicts. Bates maintains that by this time, the lack of political order had led to many states, including Nigeria, Sudan, and Uganda had degenerated into violence (3). Bates implies that this situation arose because of the discovery of resources in significant parts of the continent. The…

similarities and differences between U.S. GAAP and IFRS Undeniably, the adoption of IFRS across the world remains one of the financial reporting issues of the 21st Century. Today, the majority of publicly-traded companies have adopted IFRS as the foundation or guideline for their financial reporting. Similarly, there has been a debate between the FASB and the IASB to converge the U.S. GAAP with IFRS. As a result, the acceptance of such convergence aimed to help auditors, financial analysts, and accountants understand the essential components of financial reporting. This paper describes the fundamental similarities and differences between U.S. GAAP and IFRS with a focus on employee benefits and share-based payments in the financial statements. The types of Employee Benefits Short-term or immediate benefits are employee benefits payable within twelve months of the accounting period from the time the employees rendered the service. An entity should recognize such payments as an accrued expense or a liability upon deducting the already paid amount. However, employee benefits become an asset or prepaid expense if the amount paid exceeds the undiscounted value of the profits.…