Preparing Bu In Acc Unt U Ing The A Ru L Accounting M Thod

Preparing Bu_in___ Acc_unt_ U_ing The A__ru_l Accounting M_thod

by

Kenton Casimaty

A__ru_l accounting i_ _re_aring the bus_ness accounts using th_ accrual account_ng concept, which _s one _f the fund_ment_l accounting prin_iples. The _bjective beh_nd accrual _ccounting is _matching_, which is b_sic_lly ensuring that _ll revenue_ and _ll expend_tures are recorded _n th_ accounting period t_ which th__ r_l_t_, i.e. t_ th_ accounting _eriod _n wh__h the r_v_nu_ was e_rned or the expense incurred. It do_sn_t matter _f th_ revenue wa_n_t a_tuall_ r_c_iv_d in th_ acc_unting _eriod, n_r do_s it m_tter if the expen_e wasn_t __tu_lly paid _n the account_ng _eriod, the import_nt th_ng is to ensure the tran_action __ compl_t_ly _nd a__urately recorded.

Accrued expen_e_ and pr_paym_nts ar_ the m_st c_mm_n accounting adjustments t_ make _ur_ the accounts adhere to ___ru_l accounting requirements, and th_s_ adjustments are b__t _xplain_d by way of an ex_mple. Let_s suppose a busin_ss has a De_ember accounting period _nd. In the Mar_h after the accounting per_od end the bu_ine__ r_c_iv_s a water b_ll f_r $300, wh_ch cov_rs December, J_nu_ry _nd F_bruar_. S_n_e part of the w_t_r bill relates to our period end the accrual _ccounting prin_iples state we n__d to include a pr_p_rti_n _f the w_ter bill in our accounts. If we d_ not h_v_ a precise amount the _nl_ w_y we can _uantify the expense is to _qually a__ortion it, therefore in th_s _cenario we will include a $100 accrued expense ($300 x 1/3) b_ debiting th_ wat_r rat__ account in th_ prof_t _nd loss a__ount and crediting th_ accrual_ account in th_ balanc_ sheet.

There are m_ny different typ_s of expenses that will straddle tw_ accounting p_riods, _ll of which ar_ tre_ted in this wa_ und_r the accrual account_ng principles. In add_t_on to expenses th_t straddle two acc_unting periods it __ n_t uncommon t_

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receive

suppli_r pur_hase invoices lat_. You may mak_ many purchas_s dur_ng the _eriod to th_ _nd of D___mb_r, i.e. before the end _f the accounting period, but the supplier ma_ not actuall_ issue th_ invoic_ until after th_ accounting period end. Even th_ugh the _nvo_ces are received and settled after th_ end _f the accounting period the expense _t_ll rel_te_ t_ th_ accounting _eriod end and under th_ ___ru_l a__ounting pr_nc_ples the ex_ense need_ t_ be r_cord_d _n _ur acc_unting p_riod end. In anoth_r ex_mple we w_ll assume the same D___mb_r accounting peri_d end, as above. The business rents _ut a property for $12,000 per annum, wh_ch is paid quarterl_ _n advan_e in Febru_ry, May, August _nd N_vember. The p_yment in

November

cov_rs November, D___mb_r and January, which i_ after _ur accounting p_riod end. To rec_rd the entire $3,000 payment w_uld not be _n accordanc_ w_th ___ru_l _ccounting principles since the expense f_r Januar_ relates to the next accounting p_riod. In th_s sc_nario w_ hav_ a prep_yment (i.e. a p_yment in advan_e) and, und_r the accrual accounting principle_, we need to rec_gnise thi_ f__t. Th_ amount _f th_ pr_paym_nt __ $1,000 ($3,000 x 1/3) and is post_d to the general ledger b_ d_b_t_ng th_ prepayments account _n the balance _heet and crediting the r_nt ex_ense in the prof_t and loss acc_unt.

Und_r th_ accrual acc_unting c_ncepts there may b_ other types _f _m_tching_ _dju_tment_ such a_ _rov_d_ng for d_f_rr_d and accru_d _ncome. D_f_rr_d income is income relating to the n_xt accounting per_od but is rece_ved in the current accounting period, _.e. the cust_mer pays in advanc_ or upfr_nt. Und_r the ___ru_l _ccounting principles we need t_ d_b_t th_ _ncome a___unt in the prof_t _nd lo__ account and cred_t the deferred inc_me _ccount _n the balance sheet. Accrued income _s inc_me that r_l_t_s to th_ current _eriod that is not r___iv_d until the following acc_unting period. Und_r the ___ru_l accounting principles we have to adju_t f_r thi_ by debiting the accrued income a__ount _n the balance sh__t _nd crediting the sales account in the _rofit and loss a__ount.

Once the current accounting period h_s been finalised and th_ general ledger acc_unts closed down, th_ _ccru_l accounting conc_pt requires us to r_v_r__ the adjustments, hence m_tching them to the c_rr_ct accounting period. All s_ts of account_ and financial st_tements _r_ re_uired t_ be prepared using the accrual acc_unting c_ncept. It d__sn_t matt_r wh_th_r the accounts are for a _ole tr_d_, a partnership, a limited liability partnership, a limited liabilit_ company or a _ublic company all st_tutory and published _ccounts have to be _re_ared using accrual accounting. Accounts th_t ar_ produced for internal purposes, _uch __ for m_n_gement reporting, do n_t have to be pr_par_d us_ng accrual accounting but in the real world even internal m_n_gement accounts th_t are onl_ g_ing to be u_ed by the bus_ness owners _r_ prepared using accrual acc_unting principles. Accrual account_ng _s the standardis_d and accepted meth_d _nd th_t is what all organisations us_. Man_ people find th_ a__rual accounting _on_ept d_ff_cult t_ gr_sp at f_r_t, but if y_u take a st_p back and think about it accrual acc_unting __ log_cal _nd it w_ll soon f_ll in to place.

Preparing accounts and financial statements using the _ccru_l accounting concepts __ not difficult, however it will require a b_t _f thought. In th_ real world it _s th_ accruals accounting conc_pt th_t pr_v_nts accounts and f_nanc_al statements being prepared th_ d__ _ft_r the end of the acc_unting period. B_f_r_ the _ccounting period ledger_ __n be _losed and th_ accounts prepared you n__d to _nsur_ th_t _ll invoice_ relating to th_ _eriod end have been received. Many suppliers take two t_ three w__ks t_ issue purcha_e invoi_es, __ if the business _cquired g__ds and services close to the year end the purch_se invoi_e w_n_t be received until the m_ddl_ t_ th_ end of January, theref_re the ledgers cannot be clos_d down unt_l the end _f the first m_nth imm_diat_ly aft_r the accounting _eriod end.

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Schools benefit from new California budget

Saturday, July 1, 2006

California Gov. Arnold Schwarzenegger signed a bipartisan state budget Friday that invests a record $55.1 billion in education – an increase of $3.1 billion this year and $8.3 billion over the last two years – and allocates $4.9 billion to create a budget reserve and to pay down the state’s debt early.

Schwarzenegger credited bipartisan cooperation in coming up with a budget he was willing to sign, and do it on time, a rarity in recent California politics.

“It’s amazing what can be accomplished when Democrats and Republicans work together in Sacramento,” said Schwarzenegger. “I want to thank the legislative leadership – Senators Don Perata and Dick Ackerman, Speaker Fabian Nunez and Assembly Republican Leader George Plescia – for all their hard work on the budget. We put politics aside and were driven by the overwhelming desire to do what’s best for the people of California.

“I am especially proud that the budget expands preschool, and returns art, music and physical education classes to our children,” he said.

State Superintendent of Public Instruction Jack O’Connell said he is pleased by the budget. “The budget passed by the Legislature brings welcome support to education in California, making good on past debts to our schools and investing in sorely needed classroom programs,” he said.

He had his own budget favorites: “I’m particularly pleased that the budget includes increased funding for school counselors, teacher professional development, programs targeted to helping students pass the high school exit exam, and expanded and improved student nutrition programs.

“While there are some priorities over which we may disagree, I applaud the Governor and the Legislature for a budget that makes education a top priority.”

Barbara E. Kerr, president of the 335,000-member California Teachers Association, also likes the direction of the new budget.“The timely approval of the new state budget is good news for our public schools and students,” she said. “School districts and teachers can now plan ahead. The nearly six percent cost-of-living-adjustment will allow local schools to restore funding to education programs that have been cut over the past few years and provide for salary increases.”

Still, Kerr, said, the budget doesn’t go far enough. “This budget is a down payment on the debt owed to our schools. Teachers will continue to work with the governor and the Legislature to ensure repayment of the $3 billion still owed to our schools under Proposition 98 and the lawsuit settlement agreement announced last month. That money will help our schools of greatest need reduce class sizes, improve teacher training and increase parental involvement.”

How the budget affects the New Haven Unified School District and James Logan High School, or the James Logan Courier, specifically is not yet clear.

State Treasurer Phil Angelides, who is running for governor against Schwarzenegger, liked the increased education funding, and praised his fellow Democrats in the legislature for that, but criticized the entire budget for being out of balance.

“On higher education, Democrats in the Legislature did the right thing, when the governor would not, and gained a $6 per unit rollback in community college fees,” he said in a statement. “That is a start. But the governor’s budget will still leave community college fees nearly double what they were just three years ago. And the budget will also leave untouched the fees at CSU and UC, which have increased by $2,000 and $5,000 respectively under Governor Schwarzenegger.”

Missing from the budget, Angelides said, is funding to expand health care for low-income children. Schwarzenegger “failed to get members of his own party to agree to a budget that funds health care for more kids from low-income families on the Healthy Families program regardless of the families’ immigration status. Compassion requires – and intelligent public health practice demands – that all people residing in California have access to adequate health care,” Angelides said.

Schwarzenegger credited a strong economy that increased state revenues for providing the cash to cover the increased expenditures and set aside a $2.1 billion reserve and an additional $2.8 billion for debt prepayment. Included in that is $1.42 billion for repaying borrowed funds earmarked by the voters for transportation projects aimed at reducing traffic throughout the state. The early debt payment and the reserve account for nearly 4.7 percent of the overall budget – the highest in 25 years.

Still, Angelides said, the budget is out of balance and the state is running up more debt. “Despite his repeated pledges to ‘cut up the credit card’ Governor Schwarzenegger has produced a budget that still leaves a $3.3 billion structural budget deficit for 2006-07 and more deficits for years to come,” Angelides said, “It is a budget thatwill continue to shift the burden of today’s deficits onto the backs of futuregenerations.”

The budget largely mirrors the May Revise, which has since prompted all three Wall Street credit rating agencies to upgrade the state credit rating, reducing the cost of state borrowing. One of the agencies, Fitch, Inc., cited “California’s continuing economic recovery, strong revenue performance and continued progress in reducing fiscal imbalance” when upgrading their rating on the state’s general obligation debt from A to A+ last month. Standard and Poor’s also raised its rating from A to A+ in May. Moody’s Investors Service raised its rating from A2 to A1 the same month.

Despite the improved credit ratings, Angelides said, the three rating agencies still have reservations about the state’s fiscal future. The agencies “have corroborated my warning and that of the Legislative Analyst that while state revenues have improved, California’s fiscal condition will remain insecure until the state produces balanced budgets,” he said.

Highlights of AB 1801, the Budget Act of 2006 by Assembly member John Laird (D-Santa Cruz), include:

Preschool through High School Education – The budget includes $100 million for the Governor’s targeted preschool initiative, which will make preschool available to every four year old living in a low-performing school district. $50 million of this funding will be used to build and improve preschool facilities. The budget also includes $645 million to fund physical education, arts and music programs. Overall, $11,264 will be spent on each student, an increase of $516 from the current year.

Higher Education – The budget allocates $19.1 billion from all sources for higher education and eliminates tuition and fee increases at UC and CSU. California, which already has the lowest community college fees in the nation, will further lower student fees from $26 per unit to $20, effective Spring 2007.

Law Enforcement – The budget includes an additional $196 million to support law enforcement efforts, including money to fund Sexual Assault Felony Enforcement teams, 500 GPS devices to track and monitor the highest-risk parolees and four new Gang Suppression Enforcement Teams. The budget also proposes the addition of 235 California Highway Patrol positions, includes $56.4 million to replace the CHP’s existing radio system and allocates $6.4 million to handle the increasing number of wireless 9-1-1 calls. Additionally, the budget includes a $20 million investment to strengthen efforts to fight methamphetamine trafficking and $6 million to create three new California Methamphetamine Strategy program teams.

Disaster Preparedness – The budget provides $220 million to enhance California’s ability to prepare for, mitigate and respond to emergencies, including money to strengthen public health response during a disaster. This includes preparations to prevent a pandemic influenza outbreak and expanding efforts to help local governments develop disaster preparedness plans.

Public Health – The budget includes $22.6 million for counties to perform outreach and enrollment activities to reach the 428,000 children who are eligible for Medi-Cal or the Healthy Families program but are not enrolled. The budget for the Healthy Families program also covers enrollment growth for 78,200 additional children.

Transportation – In addition, the Budget makes a substantial investment in improving California’s transportation system. It provides $1.4 billion to fully fund Proposition 42 for the second consecutive year, and it provides an additional $1.4 billion for the early repayment of past loans from Proposition 42, for a total of $2.8 billion. Of the $1.4 billion repayment, $440 million is designated for cities and counties for local road and street maintenance that would otherwise not be funded.

The budget is the first on time budget since 2000 and the fourth in the last 20 years. The 2006-07 budget’s general fund is $101.3 billion and total is $131.4 billion. For a more detailed overview of the budget, please visit www.dof.ca.gov.

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NRA official suggests arming teachers to prevent school shootings

Friday, March 25, 2005A lawyer who is expected to become the president of the National Rifle Association (NRA) said in a comment to Associated Press (AP) that arming teachers with firearms is a solution to be considered in preventing school shootings by students. Sarah S. Froman, an alumni of Harvard Law School and a practicing lawyer, implied that allowing teachers to carry weapons is one of the many options that should be examined.

Guns and other weapons are commonly banned on school campuses in the United States, but the high-profile incidents of students defying the bans and bringing firearms to classes could place the school at a disadvantage if the student were to fire the weapon. In the case of the recent student shooting at a Native American reservation in Minnessota the school had metal detectors and had an on-duty security guard. The guard was unarmed, however, and was gunned down by the student.

Froman told the AP that if it is the responsibility of teachers to protect students from harm, then the society must find a way to let teachers do that. She also said that gun control laws or bans cannot prevent a malicious individual from acting out, and provided an example of a 1997 shooting incident where an armed teacher was able to help police apprehend the student.

Froman is currently the NRA’s first vice president, and is expected to be elected to the post of president in the organization’s elections next month. The current president of the 4-million member organization is actor and activist Charlton Heston.

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Online Searches Finally Overtake ‘Traditional’ Advertising Mediums

Submitted by: Warren Miller

Online search engines have replaced phone books for 54% of Americans searching for local businesses. As a result, it is now more important than ever for businesses to ensure that they have a high-quality online presence. If not, they may never truly realize the power and potential of the Internet to deliver qualified, low-cost sales leads.

It’s widely accepted that businesses that market online have the ability to both reduce their overall marketing costs while also reaching more targeted prospects in order to add to their bottom line. The Internet is no-longer up-and-coming: it’s here and now, and if you’re not leveraging it to its full potential for your business, you are significantly reducing the effectiveness of your marketing. If you’re currently using direct mail or display advertising as a part of your overall strategy, the Internet can help slash these costs and can even improve response rates from within the local community.

Marketing on the Internet starts with an effective website. A good website is much more than a pretty design – it needs to be well designed, well worded and well structured for search engines to present optimum value. At the same time, it must be designed with the ultimate goal in mind: converting visitors into prospects and converting prospects into buyers.

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The statistics show that over 60% of local commercial searches result in a purchase. Without an effective online presence for your business, these customers are finding someone else. But with an active campaign to increase your search engine rankings as well as an involvement in online marketing, you can reach these highly targeted prospects to make sure their resulting purchase is from you.

According to a comScore research report, the number of people actually searching for products and services online increased by 21% in 2008. So the Internet is a growing trend and more and more people are looking to buy online.

Why? It’s convenient and a great way to save time and often save money too. Remember that a lot of people are time-poor in today’s hectic 24/7 society. Having more people searching for products and services is one thing. The important question is: are they spending more money online?

A comScore study reported that US e-commerce spending in 2008 reached a staggering $214.4 billion – a 7% increase over the previous year. So importantly, more people are spending more money online too – they’re not just information seekers. They’ve got cash to spend and they’re going to spend it online somewhere.

If you are a business owner, the only question you should ask yourself is: will it be with you or your competitors? In today’s marketplace, and today’s economy, having an online presence is more important that ever. If your business does not currently have a website, or is not getting the desired results from the one you do have, it may be time to focus on getting it where it needs to be. If not, you may be leaving some very real money on the table.

About the Author: Warren Miller is the lead marketing consultant for

Lazer Promotions

– a ‘new media’ marketing agency that delivers customized solutions through new technologies. They also run the

Lazer Alliance

membership club that helps businesses get ahead online, featuring various solutions, consulting and more. The

Lazer Promotions Blog

is updated daily with business news and advice.

Source:

isnare.com

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Culture of creativity features at Furnal Equinox 2018

Sunday, March 25, 2018

Visual art, fabric art, photography, performance, dance, virtual reality, and music were all the subject of sessions at Furnal Equinox 2018, a conference held from March 16 to 18 at Toronto’s Westin Harbour Castle. Canada’s largest furry convention by attendance, the annual event offers dozens of subculture-specific programs.

The convention’s communications and public relations coordinator for the event, Ronnie, describes furries as “people that enjoy arts and culture centred around animals and animal-themed topics, essentially. Furnal Equinox in particular, we like to celebrate in a very visual and very […] artistic nature, where we have lots of arts and performances and crafts that go on, and people celebrate with lots of socialisation involved.”

Of the attendees, Ronnie told Wikinews “they come from all walks of life. They are people of all ages, sizes, all sorts of backgrounds, and they come together under one mutual interest, which is their love for animal culture.”

“Programming at Furnal Equinox involves[…] a lot of informational panels, so you can find out about topics from art and how to draw, or how to visually incorporate different elements into your artworks. You can also find panels that teach you how to write better, be a better fiction author for example,” explained the event representative.

At one panel Wikinews attended, members of its all-volunteer organising committee spoke of the year-long process of planning the event, and their reasons for committing such a significant amount of their time. Said one panelist, “if you’re happy, we’re happy.”

The largest hub of activity at the convention was a dealer’s room; nicknamed the “Dealer’s Den”, giving it an anthropomorphic twist. Vendors were selling original visual art, wearables like faux fur tails or ears, or things like jewellery or soap with motifs that would interest attendees.

The back area of the room was dedicated to a charity auction, with proceeds benefiting Happily Ever Esther Farm Sanctuary. According to the convention website, the charity is “dedicated to rescuing abused, neglected, and abandoned farmed animals. Their goal is to provide a safe, life-long home for all of their residents, and to educate the public about the true nature of farmed animals through tours, volunteer programs, and community outreach.”

Split into groups, some attendees played “Fursuit Games” in front of an audience, like trying to toss a ball into a garbage can. The activity made harder, of course, by the limited dexterity and vision the most of the costumes entail.

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Actor Jerry Orbach dead at age 69

Friday, December 31, 2004

New York City — Actor Jerry Orbach died in his home in Manhattan at age 69. Orbach was a staple of American cinema, stage and television, with his most recent role being in the NBC police drama “Law and Order.”

Orbach is survived by his wife of 25 years, Elaine Cancilla, and his two sons Anthony and Christopher.

Orbach was born in the tough Bronx borough of New York City in 1935 to a family of entertainers. His father Leon Orbach was an vaudeville actor and his mother Emily Orbach was a radio singer and greeting card writer.

The family moved often to keep up with travelling Vaudeville acts, but eventually settled in Waukegan Illinois where Orbach played football at the local high school. After graduation, Orbach got a summer job at the Chevy Chase Country Club in Wheeling doing odd jobs ranging from stagecraft to small acting parts in plays.

He then studied drama at the University of Illinois before transferring to Northwestern where he studied the Stanislavsky Method of drama acting. In 1955, Orbach dropped out of college and moved to New York City where he got a job as an understudy in The Threepenny Opera.

Orbach continued to work in theater, eventually earning roles in broadway musicals, but by 1961 had grown dissatisfied with being typecast as a musical actor. He tried briefly to break into film without success, and eventually returned to broadway where he earned numerous accolades for his roles in such musicals as “Guys and Dolls” and “Chicago“.

Orbach finally broke into television in the 1980s as a recurring character in shows such as the mystery-drama “Murder She Wrote” and the hit sitcom “Golden Girls“.

He earned the lead role as the title character in his own short-lived series “The Law and Harry McGraw”, a spinoff of “Murder She Wrote”. Orbach also scored key roles in a few Hollywood films, including the action thriller “F/X”, and the dance-musical hit “Dirty Dancing”, but continued to find his mainstay in television crime dramas.

In 1990, he picked up a role in the new NBC crime drama “Law and Order” as the acerbic-witted Lennie Briscoe, a role which soon become a regular job. Orbach continued in this role in addition to movie roles and occasional musical appearances until his death this last week.

Orbach was diagnosed with Prostate cancer in Spring of 2004, a fact he kept private until November when he checked into New York’s Memorial Sloan-Ketting Cancer Center for treatment. In spite of the aggressive nature of the treatment, he died on the evening of December 28.

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Detroit woman dies after child’s 911 calls are neglected

Monday, April 10, 2006The family of a Detroit, Michigan woman plans to file a wrongful-death lawsuit against the city after her six-year-old son’s calls to emergency operators were allegedly dismissed as a prank. The family released the tapes of the emergency calls to the media on Friday.

Sherrill Turner, 46, died on February 20 of complications from an enlarged heart. Her son Robert made two calls to 911 to report the emergency.

“My mom is passed out,” said Robert Turner when he called 911 the first time.

“Where’s Mister Turner at?” asked the operator. Robert replied that his mother was unable to speak.

“Okay, well, I’m going to send the police over to your house to find out what’s going on,” added the operator, before hanging up on the boy. However, the police never came, and an ambulance was never dispatched to the home.

The boy called 911 three hours later, and reports say the operator who answered the call may have been the same operator that answered the first call. The operator asked to speak to the mother before saying “before I send the police over there.” Then she said to the boy, “You shouldn’t be playing on the phone. Now put her on the phone before I send the police over there to knock on the door, and you’re going to be in trouble.”

“It was taking too long,” said Robert.

Delaina Patterson, the boy’s older sister, who lives in Novi, Michigan, said that after 9:00 p.m. help did come, but only the police and no EMS or medical personnel.

The operator, whose name has not been released, remains on the job pending an investigation by city officials.

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Real Estate Investments Guide Points To Remember Before Investing In Property

Real Estate Investments Guide Points To Remember Before Investing In Property

by

Cranvas Technologies

Real Estate investment is becoming very popular these days, especially after the economic recession. As day-by-day the prices of properties are rising very high, the risk factor is also increasing but still the investment in property is very successful investment now-a-days. For creating a successful property investment (Canada investment property), one should have a good knowledge of the property market, the current economic state and the location. Also, there are lots of property investment options, so it is worth full to consider property investment tips before start looking for the property investment.

Research the Property Market

The first step to take before selecting a property for your investment is to do the research. There are various ways to search the property. Use internet to search the property online. Put your desired location for property on Google or any other search engine and press enter. You will find all the property available at that location. Talk to people. Sometimes by talking other and telling them your interest in property will let you know about some available properties known by them. Join some property clubs and attend the property related seminars to get knowledge about properties available to sell. Also read newspapers to know about the latest property. By doing this research, you will get to know about the available properties to invest as well as the economic rates of properties along with locations.

[youtube]http://www.youtube.com/watch?v=3Uiw2Eu6_WM[/youtube]

Make your vision clear about the investment and check your financial resources

You should set your vision about the type of property you want to investment (Canada Real Estate Investments) like small or large in area wise, profit expectations and also check your financial resources. As the type of property investment mainly depends on the initial amount of investment, that is, if you are investing on expensive property then you will definitely get huge profits but if you are investing on small budget then also profit is there but according to investment.

Decide On what kind of Property you want to invest and in which location

The person should have the experience and knowledge to buy any property. You should know where your investment will be successful either by buying commercial property or residential property. Usually commercial property need larger initial investment while residential property needs smaller investment but offer more flexibility on investment. Another option is also there, to buy an overseas property. But the risk factor of buying an overseas property is much more than others. So location is also the most important factor to consider while choosing the investment property. Selecting a bad location is always lead to the failure while selecting a good location always come with a success. You should always consider a good location and good neighborhood with many local facilities like nearby market, hospital, school otherwise it won t be an attractive property for potential tenants.

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Canada Real Estate Investments

? You can read more about

Canada investment property

on our website. Take the free advice from our experts about Real Estate investments and

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Wikinews interviews 2020 Melbourne Lord Mayor Candidate Wayne Tseng

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.

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Violence in Uganda over forest clearing proposal

Thursday, April 12, 2007

Four people are reported killed in Kampala, Uganda, amidst protest marches organised against a government proposal to cut down 7,000 hectares of forest land to expand a private company’s sugarcane plantations.

Two men of Asian descent were stoned to death by a mob, and the deaths of two others were under investigation, according to police sources. A witness said that one of the Asians was attacked after he ran his motorcycle into a crowd. BBC News reported that a looter was shot dead and a bystander wounded by security guards.

Asian businesses and a Hindu temple were attacked by rioters; in response, police deployed armoured cars, used tear gas, and opened fire to quell the violence. A group of Asians trapped in the temple by a mob were rescued by police.

This forest is our heritage and cannot be given away by the Ugandan government.

The sugar company is owned by the Mehta Group, established by Indian immigrant Nanji Kalidas Mehta. Asian immigrants formed a prosperous trading community in Uganda before they were expelled by Idi Amin in 1972. Many returned following Amin’s downfall, but some Ugandans view their presence and business with suspicion.

The Mabira reserve forest in south-east Uganda covers about 30,000 hectares and is home to several rare species; it has been a reserve forest since 1932. A primatologist working in the area announced in February that monkeys in the forest previously thought to be Gray-cheeked Mangabey (Lophocebus albigena) were in fact a new species.

President Yoweri Museveni‘s government is considering a proposal to de-notify and transfer 7,000 acres of land to the Sugar Corporation of Uganda Limited (Scoul) to expand its sugarcane plantations. A cabinet paper says the plan will generate 3500 jobs and will contribute 11.5 billion shillings to the treasury.

Scoul bills itself as the largest employer in East Africa, with 7,300 employees manufacturing sugar and industrial alcohol at its 10,000 hectare Lugazi estate. The Ugandan newspaper Monitor reports that Scoul’s plantations have been reduced in acreage after it failed to reach agreement over existing leases with various landlords.

Scoul says that plantations at the Mabira forest will help double its annual production to 110 metric tonnes, and in a newspaper advertisement published on Thursday, said that “anti-development lobby groups” were misleading the public about the Mabira plan. In its environment policy, the company says it is committed to a managing land and wetlands resources in an environmentally sensitive manner.

The plan is opposed by Ugandan MPs because of its environmental impact. An official from the Ugandan National Forestry Authority told the news agency AFP that the plan will destroy the area’s biodiversity and affect locals’ livelihood.

Scoul says the forest land is already being encroached upon by subsistence farmers.

Meanwhile, the group has been offered land in Mengo and by the Anglican church in Mukono as an alternative to the Mabira plan. Scoul Chief Executive S.C Khanna says that he will consider such an alternative if the land is fertile, free of “squatters” and close enough — within 30 km of the sugar factory — so that the cost of transporting sugarcane is viable.

Scoul has increased security after multiple fires destroyed crops at its plantations.

 This story has updates See Wikinews Shorts: May 22, 2007 
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