SWOT Analysis Of ERP Accounting Software †MyAssignmenthelp.com

Question: Discuss about the SWOT Analysis Of ERP Accounting Software. Answer: Introduction Enterprise Resource Planning or ERP is one of the most advanced and useful accounting software which is used worldwide in different organisations. The primary objective of using this accounting software is to manage the information and details related to the accounting of the organisation. The ERP system provides an integrated management of the information related to the accounting and several business processes (Bansal, 2013). The primary function of the ERP is to collect, store, manage and interpret data from several business functions. It also helps to keep the track of resources like production capacity and raw materials. It also maintains the flow of information between the organisationss managing body and the external stakeholders. In this report all the features related to the ERP system are given with details. The ERP system is used by several multinational large organisations and the small organisations have also started to use the accounting software more increasingly. The ERP is system is completely different from the traditional accounting software and for that reason it also creates many disadvantages and issues to the employees who are already used to the conventional accounting software. All the disadvantages and advantages are also included in this report. Background of ERP The ERP system was mainly developed during the decade of nineties. Due to several sudden changes in the economy and with the introduction of the Euro the ERP system iwas introduced by several organisations in their accounting system (Bull et al., 2016). The ERP system then started as the backup of the traditional accounting software and it was also applied in case of several office uses like customer relationship management. ERP was also introduced in the main economic system as the e-business, e-governance and the e-commerce were integrated later on. With the introduction of the real time response in the ERP system it started to grow drastically and several organisations throughout the world started to use the ERP system (Chen, Liang Hsu, 2015). In recent days ERP is used in customer relationship management, supply chain management. Characteristics of ERP The main characteristics of the ERP system are given below. ERP is an integrated system which provides all the features for managing the accounting of an organisation from a single platform. The ERP system is used for operating in real time. Real time response basically provides the idea of responding in a faster way and in a more simple way. ERP is consisted with a common database which can afford all the applications. ERP has a continuous outline of the modules are of feel across nature. The main system of the organisation is designed with the integrated system of several software and the IT based operations. Application of ERP system in various functional areas It is used in the accounting management system. The accounting management system consists several functions like budgeting, cost management, costing and activity based costing. The ERP system is used in different finance and accounting systems including the cash management, general ledger, payables and financial consolidation. The ERP system is successfully implemented in managing the human resources (Chen, Kim Yamaguchi, 2014). The human resource department of the organisation is one of the key departments which provide the utility of the human skill. Several functions like recruiting, training, diversity management and retire and pension plans are organised by this department and the ERP system helps to maintain the whole system more successfully. ERP is also successfully implemented in the manufacturing process of an organisation by managing several functions and departments like engineering, work orders, bill of materials, scheduling, capacity, quality control and the workflow management (Chiu et al., 2014). Another important fields of application of the ERP system is that the Supply Chain Management. There are several functions which are included with the product configuration, purchasing, inventory management, work breakdown structure, claim processing and the warehousing (Dan, 2014). These functions are done with real time response due to the implementation of the ERP system. ERP is also used successfully in the order processing technique. From getting the order from the customer to selling the product to him there are lots of stages which are done in a moment in todays market due to the application of the ERP system (Hoch Dulebohn, 2013). The functions like order to cash, credit checking, order entry, pricing and available to promise and the inventory management, sales commissioning and the sales analysis are being advanced in terms of real time due to the application of the ERP system. The customer relationship is one of the key factors for the organisations and the application of the ERO system is also used to manage the customer relationship. ERP is also utilised in advancing several data services like the self service interface which is used for the customers. Components of the ERP system There are several components of the ERP system which make it more advanced in terms of efficiency and functionality (Hollensen, 2015). The key components of the ERP system are given below. Software: The software which is used in the ERP system is popularly known as the accounting software. The primary requirement of the system is that it manages all the data related to the investment of the organisation (Hunton, Wright Wright, 2015). This software is designed on the basis of the client server technology. In this technology the client and the server are considered as the different entity. The transaction is done when the client computer sends the data and the server computer receives the information from the user. In this way the database is considered to function from the centre of the organisation and the distribution of the resources are based on the interface between the organisation and the stakeholders. Transactional database: This refers to the rate of work done through the database and the transaction is considered as the unit of the work which is done within the database management system (Jaber et al., 2015). Exchanges in a database situation have two principle purposes. Firstly to give solid units of work that permit remedy recuperation from disappointments and keep a database steady even in instances of framework disappointment, when execution stops totally and numerous operations upon a database stay uncompleted, with hazy status. Secondly to give segregation between programs getting to a database simultaneously it is also required. People: the ERP system is to be utilised in an organisation by the employees and the most important thing is the learning for the employees (Jeong, 2013). Before the application of the ERP system all the employees were used to the conventional and traditional accounting system and they should be taught about the new features of the ERP system and the basic concept related to the system. Management: The management of an organisation is responsible for making all the works done in a proper way and in case of accounting it is also very important for the organisation to manage the data related to the organisation (Leon, 2014). That is also applicable with the ERP system and the ERP system is also consisted with a powerful management feature. Preparing ERP for the organisation The challenges could be identified with the framework, business process, foundation, preparing, or absence of inspiration (Li et al., 2016). It is along these lines pivotal that associations altogether dissect business forms before they execute ERP programming. Examination can recognize open doors for process modernization (Niederwieser et al., 2016). Research shows that danger of business process crisscross is diminished by: Linking present events to the organisation's technique Breaking down the viability of each procedure Understanding of the existing mechanized arrangements ERP can be executed with the help of associations which are decentralised. It may require relocating some specialty units before others, postponing execution to work through the vital changes for every unit, potentially decreasing joining or redoing the framework to address particular issues (Seethamraju, 2015). A possible inconvenience may be the receiving standard procedures can prompt lost upper hand. While this has happened, misfortunes in one zone are frequently balanced by picks up in different territories, expanding general upper hand. Extension and Data migration Extension is the process of connecting the ERP system with any third party software. The basic data and the features can be accessed through several interfaces and the features of the extension can be republishing, collecting the data of several transactions, scheduling and advanced planning and the transmission in real time and the managing facilities. The process of moving, cropping and reconstructing the data is from a present ERP system to different system is called the data migration technique (Shaul, L., Tauber, 2013). It has several features like identifying the information and to find out the amount of time in which the data is to be migrated. It is an important feature as it is designed according to the plans and leads to success. Advantages of the ERP system There are many advantages of using the Enterprise Resource Management system and among those the primary advantage is that the cost and the time taken by the organisation are decreased significantly (Tai, Huang Chuang, 2016). The accuracy and the response speed both are increased. The transparency of the whole organisation is increased to the employees and as well as to the stakeholders. The functions which can be improved by the implementation of the ERP system are given below. Inventory optimization and sales forecasting Tracking of the orders Matching of the purchase orders Sequential record of the data related to the transactions. Benefits of ERP The main purpose of ERP is that it can increase the productivity and quality in terms of the business aspects. ERP creates a equivalence among the different stages of leadership. ERP creates a more usable organisation which can easily adjust with the changes in a better way. It also makes an organisation more organised and adaptable to several work situations. ERP can increase information security. A particular control outline, for example, the classification given by ERP outlines, provides permission to associate the capacity to all the more effortlessly assure organisational data which is not bargained. ERP provides increased possibilities to cooperation. Data takes many important significance in present venture. Reports, sound, structures, and video, messages and documents. ERP provides a cooperative platform for providing representatives possibility for utilising more energy working together on content in alternative of facing the need to absorb information by arranging in different shapes in disseminated outlines. Disadvantages The customization of the ERP system can be a real issue. Without proper switching the system can have a more amount of expenses and cost. The previous employees who are not friendly with the ERP system may face some issues regarding the interface of the system. Conclusion From the above discussion it can be concluded that ERP system is one of the most important and advanced system in the field of accounting management. IT has lots of advantages and disadvantages which are implemented in several organisations in order to get a well arranged, faster and cheap accounting management system. It cancel outs the need to match up with several changes among the multiple systems. It makes all the information related to the accounting software more transparent and it also brings more fairness and reliability in the system. It also provides the platform for coding and naming the products. It provides a comprehensive enterprise view and it actually helps to access the real time data. This system is also used in increasing the security of the information and the many8 multiple system can be achieved by using an single integrated system. The ERP system provides a centralised business information system which provides the following advantages. References Bansal, V. (2013). Enterprise Resource Planning. Pearson Education India. Bull, J. W., Jobstvogt, N., Bhnke-Henrichs, A., Mascarenhas, A., Sitas, N., Baulcomb, C., ... Carter-Silk, E. (2016). Strengths, weaknesses, opportunities and threats: A SWOT analysis of the ecosystem services framework. Ecosystem services, 17, 99-111. Chen, C. S., Liang, W. Y., Hsu, H. Y. (2015). A cloud computing platform for ERP applications. Applied Soft Computing, 27, 127-136. Chen, W. M., Kim, H., Yamaguchi, H. (2014). Renewable energy in eastern Asia: Renewable energy policy review and comparative SWOT analysis for promoting renewable energy in Japan, South Korea, and Taiwan. Energy Policy, 74, 319-329. Chiu, Y. H., Claybaugh, C. C., Lea, B. R., Yu, W. B. (2014). Enterprise resource planning. Dan, N. I. E. (2014). A SWOT analysis of Beijing Marathon game operation. Journal of Physical Education, 6, 005. Hoch, J. E., Dulebohn, J. H. (2013). Shared leadership in enterprise resource planning and human resource management system implementation. Human Resource Management Review, 23(1), 114-125. Hollensen, S. (2015). Marketing management: A relationship approach. Pearson Education. Hunton, J. E., Wright, A. M., Wright, S. (2015). Retraction: Are Financial Auditors Overconfident in Their Ability to Assess Risks Associated with Enterprise Resource Planning Systems. Journal of Information Systems, 29(2), 235-235. Jaber, J. O., Elkarmi, F., Alasis, E., Kostas, A. (2015). Employment of renewable energy in Jordan: Current status, SWOT and problem analysis. Renewable and Sustainable Energy Reviews, 49, 490-499. Jeong, H. Y. (2013). The QoS-based MCDM system for SaaS ERP applications with Social Network. The Journal of Supercomputing, 66(2), 614-632. Leon, A. (2014). Enterprise resource planning. McGraw-Hill Education. Li, C. Z., Hong, J., Xue, F., Shen, G. Q., Xu, X., Luo, L. (2016). SWOT analysis and Internet of Things-enabled platform for prefabrication housing production in Hong Kong. Habitat International, 57, 74-87. Niederwieser, D., Baldomero, H., Szer, J., Gratwohl, M., Aljurf, M., Atsuta, Y., ... Iida, M. (2016). Hematopoietic stem cell transplantation activity worldwide in 2012 and a SWOT analysis of the Worldwide Network for Blood and Marrow Transplantation Group (WBMT) including the global survey. Bone marrow transplantation, 51(6), 778. Seethamraju, R. (2015). Adoption of software as a service (SaaS) enterprise resource planning (ERP) systems in small and medium sized enterprises (SMEs). Information systems frontiers, 17(3), 475-492. Shaul, L., Tauber, D. (2013). Critical success factors in enterprise resource planning systems: Review of the last decade. ACM Computing Surveys (CSUR), 45(4), 55. Tai, Y. T., Huang, C. H., Chuang, S. C. (2016). The construction of a mobile business application system for ERP. Kybernetes, 45(1), 141-157. Tarhini, A., Ammar, H., Tarhini, T. (2015). Analysis of the critical success factors for enterprise resource planning implementation from stakeholders perspective: A systematic review. International Business Research, 8(4), 25. Tian, F., Xu, S. X. (2015). How Do Enterprise Resource Planning Systems Affect Firm Risk? Post-Implementation Impact. Mis Quarterly, 39(1). Yuan, H. (2013). A SWOT analysis of successful construction waste management. Journal of Cleaner Production, 39, 1-8.

Volstead Act Essays - Prohibition In The United States,

Volstead Act The Volstead Act of 1919 was the law that made the sale of alcoholic beverages illegal, supporters of this act thought that this would make the country better as a whole. They said this law would lower crime rates and would increase the health of Americans. This law did the exact opposite of what they expected, overnight this law created a black market that lead to the rise of organized crime. The health of people who drank alcoholic beverages also decreased because there was no quality control in the illegal market. Thousands of Americans were poisoned by the impurities of the illegal Alcohol. These are just some of the reasons why I think that Prohibition was not the best law that we could have come up with. The new laws on alcohol are much better because they do not completely ban the sales of alcohol, they just limit who can buy it and when. This is much better because the drinks are much safer, distilled properly and the percentage of alcoholic contend is controlled. Another reason why this law was not reasonable is because of the time period that it took place in, this was in the middle of the great depression and there could have been many more jobs if they did not ban the sales of alcohol. Prohibition was not a well thought out amendment and next time the people want to ban the sales of something they should consider what will happen after they do. A couple of good thing that ended up coming out of this was they set an age limit on the purchasing and drinking of alcohol, which probably is safer than if they just let people of all ages do it. They have also came up with many good laws for drinking and driving to make the roads safer, and they are starting to make the laws more strict than they already are. Prohibition did the exact opposite of what the people who supported it thought it would do and that is why it only lasted from 1920-1933. This law manufactured bootleggers and many organized crime groups. Although it was not a good law it was probably good in the long run because maybe next time a group of people want to ban the sales of something they will think of the consequences of what will happen if they do.

Free Essays on HR Management

1. The following are the trends and issues that will have an impact on human resource and the way people work in the next ten years. First, Flexi – place and flexi – hour will likely become more popular among many job fields, such as computer and information systems, marketing and sales, and higher – level management. In the future, performing those jobs away from the offices on a flexi – schedule will be more obviously witnessed. Advancing in the computer technology is the key to the higher popularity of workplace and work hour flexibility. Through telecommuting and virtual work office, people will be able to get their jobs done in a very timely manner from their home or any location. To strategically help emphasize result orientation and increase overall effectiveness and efficiency in the global arena, more companies begin to implement the concept of flexi – place and flexi – hour (60, 1998). Mr. Bonnie Hathcock, Vice President for Human Resource and Development for US Airways said that a number of work hours became less significant as the main focus was shifted to performance and outcomes (HR, 1998). Second, the globalization of business will be more apparently seen in the near future since a number of companies have begun to conduct their business internationally to expand their operations. The growth of computer technology is the major factor allowing organizations to be more effective in communicating with their branches, customers, suppliers and strategic partners. For organizations to increase their chance to successfully capture new foreign markets, they need to be familiar with the cultures, languages and business practices found in their markets. This will allow them to deal with specific markets in different countries more effectively. In the future, to be competitive internationally, not only must workforce be capable, but also be adaptable to different cultural environments (Bohlander et al, 2001). Pr... Free Essays on HR Management Free Essays on HR Management 1. The following are the trends and issues that will have an impact on human resource and the way people work in the next ten years. First, Flexi – place and flexi – hour will likely become more popular among many job fields, such as computer and information systems, marketing and sales, and higher – level management. In the future, performing those jobs away from the offices on a flexi – schedule will be more obviously witnessed. Advancing in the computer technology is the key to the higher popularity of workplace and work hour flexibility. Through telecommuting and virtual work office, people will be able to get their jobs done in a very timely manner from their home or any location. To strategically help emphasize result orientation and increase overall effectiveness and efficiency in the global arena, more companies begin to implement the concept of flexi – place and flexi – hour (60, 1998). Mr. Bonnie Hathcock, Vice President for Human Resource and Development for US Airways said that a number of work hours became less significant as the main focus was shifted to performance and outcomes (HR, 1998). Second, the globalization of business will be more apparently seen in the near future since a number of companies have begun to conduct their business internationally to expand their operations. The growth of computer technology is the major factor allowing organizations to be more effective in communicating with their branches, customers, suppliers and strategic partners. For organizations to increase their chance to successfully capture new foreign markets, they need to be familiar with the cultures, languages and business practices found in their markets. This will allow them to deal with specific markets in different countries more effectively. In the future, to be competitive internationally, not only must workforce be capable, but also be adaptable to different cultural environments (Bohlander et al, 2001). Pr...

10 Tungsten Facts - W or Atomic Number 74

10 Tungsten Facts - W or Atomic Number 74 Tungsten (atomic number 74, element symbol W) is a steel-gray to silver-white metal, familiar to many people as the metal used in incandescent light bulb filaments. Its element symbol W derives from an old name for the element, wolfram. Here are 10 interesting facts about tungsten: Tungsten Facts Tungsten is element number 74 with atomic number 74 and atomic weight 183.84. It is one of the transition metals and has a valence of 2, 3, 4, 5, or 6. In compounds, the most common oxidation state is VI. Two crystal forms are common. The body-centered cubic structure is more stable, but another metastable cubic structure may coexist with this form.The existence of tungsten was suspected in 1781, when Carl Wilhelm Scheele and T.O. Bergman made previously unknown tungstic acid from a material now called scheelite. In 1783, the Spanish brothers Juan  Josà © and Fausto DElhuyar isolated tungsten from wolframite ore and were credited with discovery of the element.The element name wolfram came from the name of the ore, wolframite, which derives from the German wolfs rahm, which means wolfs foam. It got this name because European tin smelters noticed the presence of wolframite in tin ore reduced the tin yield, appearing to eat tin like a wolf would devour sheep. What many people do not know is that the Delhuyar brothers actually proposed the name volfram for the element, as w was not used in the Spanish language at that point.  The element was known as wolfram in most European countries, but called tungsten (from Swedish tung sten meaning heavy stone, referencing the heaviness of scheelite ore) in English. In 2005, the International Union of Pure and Applied Chemistry dropped the name wolfram entirely, to make the periodic table the same in all countries. This is probably one of the most highly disputed name changes made on the periodic table. Tungsten has the highest melting point of the metals (6191.6  °F or 3422  °C), lowest vapor pressure, and the highest tensile strength. Its density is comparable to that of gold and uranium and 1.7 times higher than that of lead. While the pure element may be drawn, extruded, cut, forged, and spun, any impurities make tungsten brittle and difficult to work.The element is conductive and resists corrosion, although metal specimens will develop a characteristic yellowish cast upon exposure to air. A rainbow oxide layer is also possible. It is the 4th hardest element, after carbon, boron, and chromium. Tungsten is susceptible to slight attack by acids, but resists alkali and oxygen.Tungsten is one of the five refractory metals. The other metals are niobium, molybdenum, tantalum, and rhenium. These elements are clustered near each other on the periodic table. Refractory metals are those which exhibit extremely high resistance to heat and wear.Tungsten is considered to have low toxicit y and plays a biological role in organisms. This makes it the heaviest element used in biochemical reactions. Certain bacteria use tungsten in an enzyme that reduces carboxylic acids to aldehydes. In animals, tungsten interferes with copper and molybdenum metabolism, so it is considered slightly toxic. Natural tungsten consists of five stable isotopes. These isotopes actually do undergo radioactive decay, but the half-lives are so long (four quintillion years) that they are stable for all practical purposes. At least 30 artificial unstable isotopes have also been recognized.Tungsten has many uses. It is used for filaments in electric lamps, in television and electron tubes, in metal evaporators, for electrical contacts, as an x-ray target, for heating elements, and in numerous high temperature applications. Tungsten is a common element in alloys, including tool steels. Its hardness and high density also make it an excellent metal for constructing penetrating projectiles. Tungsten metal is used for glass-to-metal seals. The elements compounds are used for fluorescent lighting, tanning, lubricants, and paints. Tungsten compounds find use as catalysts.Sources of tungsten include the minerals wolframite, scheelite, ferberite, and huebnertie. Its believed about 75% of the worlds supply of the element is found in China, although other ore deposits are known in the US, South Korea, Russia, Bolivia, and Portugal. The element is obtained by reducing tungsten oxide from the ore with either hydrogen or carbon. Producing the pure element is difficult, due to its high melting point.

Mundell-Fleming model Essay Example | Topics and Well Written Essays - 750 words

Mundell-Fleming model - Essay Example If the monetary policy is constant and is not modified, higher level of government spending might entail the sharp rise in the demand for money which in turn may lead to higher interest rates. As one knows from the course in macroeconomics, capital inflows that, the nation can receive in this scenario, may strengthen the exchange rate to the level that it can hamper the export operations of the private companies and thus reduce or even stultify any positive expansionist effect of the government spending. The following graph illustrates the model; it also provides the illustration on the effect that fiscal policy under floating exchange regime might cause on the economy of the country. Thus monetary policy is one of the most effective tools in the economic policy of the Government under floating exchange rate regime; if the government increases the supply of money, which leads to the reduction of the interest rates, which consequently entails capital outflow, that in turn depreciates exchange rates and consequently stimulates export activities in the country and leads to the expansion in the economy through higher level of net exports. 2 The opposite situation occurs under the regime of fixed exchange rates. As one can see under floating exchange rates in the short time period, the interest rate is bound to decrease (which might take more positive effect on the economy and stimulate investment activities in the country... First, there should be one "interest parity" condition. National interest rates on the bonds i should equal interest rates overseas i* with the expected rate of the depreciation of the exchange rate (Et (et+1 - et)). In the above mentioned equitation, e is a logarithm of the exchange rate (foreign currency denoted in national one), whereas Et is the expectations of the markets based on the time t information. As one can conclude from the situation mentioned, there is no difference between the profitability of national and foreign bonds; however as in current economic system, the capital is highly mobile so the two bonds could pay various interest rates only if the investors expect to receive some compensation from the differences in exchange rates. It is assumed in this model that the country is comparatively small in the global capital market and the foreign interest rate i* is exogenous in this case. (On this picture MM- short time equilibrium, whereas GM -goods market equilibrium, q long run equilibrium level of the real exchange rate, e exchange rate, C and B various levels of the economy). 3 The rate parity equitation in this case is written as the following: it +1 = i + Et (et +1- et), in this equation it +1 is the nominal exchange rate whereas (et +1- et) predicted rate of charge of exchange rate. Dornbusch's model was based on the assumption that there was no uncertainty in the economy; many observers also claim that above mentioned equation of uncovered interest parity is rather an exception from the rule, and the interest parity situation rarely happens in practice. According to equation of Dornbusch high interest rates might lead to the increase in the opportunity cost of keeping money and thus entail the decrease in the demand for money; the

Video review Assignment Example | Topics and Well Written Essays - 250 words - 1

Video review - Assignment Example Being already in his fifties da Vinci painted Mona Lisa, a portrait of a Florentine merchant Francesco del Giocondos wife, which explains why the painting is often called La Giaconda in Italy. Mona, in turn, is a contraction from Italian "ma donna", which means "my lady". Leonardo never handed over the portrait to del Giocondo because he probably never considered it finished. Years later Napoleon took Mona Lisa to his bedroom; it was also stolen from Louvre Museum once, which finally brought it a worldwide fame. But eventually the portrait got back to Louvre, where it stays to date. 2. King Tuthankhamuns tomb is full of ancient artworks devoted to this legendary Egyptian ruler. The Golden mask is one of them. Preserved in the Museum of Cairo it shows its visitors the luxury and sophisticated taste of King Tut. It is a masterpiece that is almost impossible to copy. Seven coffins of the King Tuts tomb bear the embossment of Tuthankhamuns face, each being an artwork of exquisite beauty. The Golden Throne is another masterpiece containing relief images of King and Queen, which tells us the story of their love. On top of these wonders, there are over one hundred pieces of the finest jewelry found inside the tomb. Art in ancient Egypt was made for religious purposes and, apart from its beauty, reveals a lot about the ancient times that have been long

Old Wise Men Essay Example for Free

Old Wise Men Essay Do all old men truly possess wisdom because they can see their death on the horizon? Wisdom is a valued trait in our society today. In both King Lear by William Shakespeare and Tuesdays with Morrie by Mitch Albom, the main characters were able to acquire wisdom after undergoing trials and tribulations. However, both of these men began their quest as completely different people. Morrie always emphasized the value of family and of love, while King Lear saw these qualities that could be used to boot his ego. Morrie was disappointed by the way things were in society, while King Lear did not care much about it and accepted it the way it was. Morrie viewed death as a natural thing and an ideal way to live, while King Lear still wanted to live life as a King despite giving and dividing his land between his daughters. Regardless of being very different character wise and beliefs, both King Lear and Morrie came to achieve wisdom by experiencing the fact of life; otherwise known as death. Both of these men differed in their values when it came to the life concept. Morrie believed that it was better to perish than to live a life without love, where he quoted â€Å"If you don’t have the support and love  and caring and concern that you get from a family, you don’t have much at all. Love is so supremely important. As our great poet Auden spoke â€Å"Love each other or perish†Ã¢â‚¬ (Albom 91). This quote shows Morrie’s view of love and has the opinion that it is better to die than to live a life without love. Although Morrie grew up with little love in his life, this is the reason why he emphasized the importance of love and family to him. Contrarily, King Lear believed that family only existed to serve his needs. â€Å"Tell me, my daughters, since now we will divest us both of rule, interest of territory, cares of state which of you shall we say doth love us most that we out  largest bounty may extend where nature doth with merit challenge?† (I.I.47-53). This quote illustrates King Lear’s feeling towards family. He set against his daughters against each other for his benefit. His love was conditional, even though Cordelia was his known favourite between his daughters he warned her. â€Å" How, how, Cordelia? Mend your speech a little, lest you may mar your fortunes.† (I.I.94-95). This quote shows the fact that he believed that love in a family that is one-sided, he should only receive love but should not give any. On the contrary, Morrie’s love for this family was unconditional and a two-way street. However, Lear realized the value of unconditional love when Cordelia returned despite after disowning and cursing her but he was too late. While Morrie learned the value of love through the lack of having it earlier o in his life, King Lear  would learn it through the death of his daughter. Both cherish family and life more after coming to terms with the concept of death, and realize the trouble of their society. Both King Lear and Morrie Schwartz also had different perspectives on life and society. King Lear accepted the ranking of his society, of course, since he was the peak of the â€Å"great chain of being†. â€Å"All I ask is that you provide me with a hundred knights for my own entourage. I’ll keep only the title of king†¦Ã¢â‚¬  (I.I.136-138). This quote depicts King Lear’s view of society and that he comes before the rest of society, depriving 100 knights form society for his benefit. Morrie, on the other hand, was disgusted with how his society was so materialistic. A quote from Tuesdays with Morrie, â€Å"Do you know how they brainwash people? They repeat something over and over again. And that’s what we do in this country. Owning things is good. More money is good. More property is good. More commercialism is goodwe repeat it and have it repeated to us-over and over until nobody bother to even think other wise† (Albom 124). This quote demonstrates the disgust Morrie has with society and how it constantly promotes materialism rather than important values such as love, which is showed in this quote â€Å"You know how I always interpreted that? These people were so hungry for love that they were accepting substitutes† (Albom 125). This quote shows that Morrie believes that people are  materialistic because of a lack of love within their lives. Furthermore, King Lear realizes the disorder of his society during his hardships. â€Å"Thou rascal beadle, hold thy bloody hand. Why dost thou lash that whore? Strip thine own back Thou hotly lust’st to use her in that kind for which thou whipp’st her. The usurer hangs the cozener. (IV.VI.1 52-57). This shows both his disgust of the social customs of his time and how it favors the rich and frowns upon the poor. Lear regrets not being a just king and mistreating the poor people because he was too greedy. He bawled â€Å"Poor naked wretches, whereso’er you are, that bide the pelting of this pitiless storm, how shall your houseless heads and unfed sides, your looped and windowed raggedness, defend you from seasons such as these? Oh, I have ta’en too little care of this!† (III.IV.30-34). Although Morrie was aware of the problems within his society and always fought against them, Lear only came to this conclusion and earn this wisdom through these tribulations. Morrie and Lear had contradicting views of death before they acquired their wisdom. First of all, Lear believed that he would die as a king and even with his old age he believed death was far in the distance, proven in the quote â€Å"All I ask is that you provide me with hundred knights for my own entourage. I’ll keep only the title of king†¦Ã¢â‚¬  (I.I.136-138). Lear did not believe in preparing for his death or saying goodbye to loved ones, as he still wanted to live like a king even after diving his kingdom  and wealth. On the contrary, Morrie believed that death should be accepted in life. â€Å"Oh yes, you strip away all that stuff and you focus on the essentials. When you realize you are going o die, you see everything much differentlyLearn how to die, and you learn how to live†(Albom 83). This quote shows that Morrie though if more people lived as if they were going to die at any moment, then the world could be a more positive place. Morrie was also very optimistic and grateful for his disease and how long he had to say goodbye to everyone he cherished. â€Å"It’s horrible to watch my body wilt away to nothing. But it’s also wonderful because of all the time I get to say  good-bye.† (Albom 57) On the other hand, King Lear was coming to terms with his mortality. When Gloucester asked to kiss his hand he replied â€Å"Let me wipe it first, it smells of mortality.† (IV.VI.125-126). It shows that Lear found his new humbleness and acceptance through death. Morrie and Lear both achieved wisdom by coming to terms with their deaths. King Lear and Morrie Schwartz are very much alike, although they were completely different people before they acquired their wisdom. They were both able to attain insight and satisfaction through difficult hardships and becoming aware of the problems that are in their society. They have learned that if more people are aware of death and live everyday as if they were to die tomorrow, they would have more fulfilling  and satisfying lives. Through acquiring wisdom they realized the importance of their family, and love. They only differed in respect where Lear is filled with regret while Morrie gains a higher appreciation for it. Death is something that we all must accept and Lear and Morrie finally embrace it.