Petrozuata Case Study

Petrozuata Case Study Petrolera Zuata, Petrozuata C.A. Voilis Athanasios 1) Introduction – Case Study In 1976, after nationalization of the domestic oil industry a stated owned enterprise Petroleos de Venezuela S.A. (PDVSA) was established for the purposes of managing the country’s hydrocarbon resources and promoting economic development. It was the world’s second largest oil and gas company with reserves in Venezuela and refineries across the Europe, United States, and the Caribbean. Domestically, PDVSA provided 78% of Venezuela’s export revenues, 59% of the government’s fiscal revenues, and 26% of nation’s GDP and had a reputation of being one of the best managed national oil companies. In 1990, PDVSA started an ambitious long-term project, which main aim was to double its domestic production and expand international markets. For the implementation of this venture, the company needed to raise investments for approximate amount of USD$ 65 bn. At that time neither PDVSA nor Venezuelan government had the possibility to finance the underlined expansion. As a solution, it was decided to establish a strategy called â€Å"La Apertura†, which opened the Venezuelan oil sector to foreign companies through profit sharing agreements, operating service agreements, and strategic joint ventures associations. Unfortunately, such initiative overlapped with political instability and economic turmoil in the country. Only in the early 1990s two failed military coups and the impeachment of President Perez took place. In late 1993, because of the severe crisis in the banking system, the administration suspended a number of constitutional rights, imposed price control on basic goods and services, and took direct control over most of the banking system. Moreover, the foreign exchange markets were closed and began rationing foreign currency to the private sector. Few years later, by the time of the deal closing, due to an economic and social reform program of President Caldera, the economy had begun to recover, but with coming presidential elections, public tension was also growing. All in all, the feasibility of the project was under the pressure of  the sovereign risk. The rating agencies were considering three principal risks: possible government action, currency market volatility, and Venezu elan business conditions. The first development project of reopening Venezuelan oil sector to foreign investments was Petrozuata. It is a USD$ 2.424 bn joint venture between Conoco and Maraven as a part of PDVSA. Conoco was the petroleum subsidiary of one of the largest chemical producer in the world E.I. du Pont de Nemours and Company (DuPont). That time Conoco recently completed projects in Russia, Norway, USA and was a recognized leader in refining technology and project development. Underlined parties started feasibility studies and negotiations for a joint project in 1992. After four years of planning, Conoco and Maraven had made a mutual decision to finance this deal on a project finance basis, because of financial and organizational benefits provided by such structure. PDSVA could not have built the project alone because of its lack of specialized assets needed to extract and upgrade syncrude oil. On the other hand, foreign ownership of domestic hydrocarbon resources is prohibited by law, closing all ways for a sole expansion by Conoco. In terms of ownership structure, it was strategically decided that PDVSA subsidiary contributed less than 50% of the total equity amount but, through its preferred shares, would retain voting control. Because PDVSA would be the minority shareholder, the company would be classified as private. As a consequence, it would not consolidate into PDVSA’s balance sheet and, more importantly, they would not be bound by legislation for public companies (public procurement bidding procedure, excessive accountability, etc.). Final association agreement had a term of 35 years beginning once production started in 2001. The equity ownership contributions were set up in such way that Maraven had 49.9% of shares and 50.1% for Conoco. After accomplishing of the agreement, Conoco has an obligation to transfer its shares to Maraven at no cost. Also, to give incentive to the project, the government agreed to decrease the royalty rate during early operation years and the Congress agreed to lower the income tax rate from 67,7% to 34%. The sponsors agreed to use USD$ 975 mn of equity and USD$ 1.45 bn of debt to finance the project, which corresponded to 60% of debt-to-equity ratio. Such high percent of equity contributions to the project were chosen to show the sponsor’s commitment to the project. In 1996, for the beginning of the project, sponsors contributed USD$ 79 mn of paid-in capital. Additional contributions including contingency fund were projected to infuse in the following 4 years for the total amount of USD$ 366 mn. For the outstanding sum of USD$ 530 mn, shareholders chose a risky plan to use cash flows from the sale of early production crude, after completion of the oil fields and pipeline in August 1998. It is necessary to mention that risks peculiar to underlined financial mechanism were mitigated through a good execution plan and strong sponsor guarantees. Concerning the sources of debt financing, Petrozuata raised USD$ 450 mn as a loan from commercial banks with loan guarantees from bilateral and multilateral agencies, such as U.S. ExIm Bank, Export Development Corporation of Canada, OPIC and IFC. Those agencies would mitigate Venezuela’s political and economic instability by providing political risk insurance. However, the major funding source of the project was the American private placement market. Petrozuata received USD$ 1 bn of debt from the Rule 144A market. These bonds were chosen because of the additional advantage of speed and less onerous disclosure requirements imposed by the Securities and Exchange Commission. Petrozuata project had three main components: a series of inland wells to produce the crude, a pipeline system to transport the crude to the coast, and an upgrader facility to partially refine the crude. It was unusual and a highly complicated to finance multiple component projects on a standalone basis. A special system of contracts and commitments were designed and implemented to make the project feasible. A detailed scheme of contracts and commitments is provided in Figure 2. For instance, sponsors mitigated the incentive problem and managerial inefficiency by creating a small board of directors comprised of two directors from each sponsor, and using compensation contracts for managers that were linked to the project performance. Also was realized the major benefit of project finance: public-sector management was substituted for private-sector. The construction risk was allocated to sponsors. Conoco and Maraven agreed to provide funds for any cost overruns prior to completion. Also, the parent companies guaranteed these obligations. The guarantee has a unique structure in terms of the difference in ratings between parties – DuPont (AA-) and PDSVA (B). The parties agreed to include severe penalties for failing to meet their obligations and incentives to cover the other party’s shortfalls. It was a good example of how project finance could substitute the lack of development in emerging countries. After construction would be completed, together with major risks, the sponsor guarantees would also end and the project would become non-recourse to the sponsors. Figure 2: Petrozuata contracts and commitments Source: (Esty 1998) 25 Secondly, sponsors considered within the budget, a USD$ 38 mn contingency for upstream facilities, a USD$ 139 mn contingency for downstream facilities, and sufficient funds to pay premiums on a construction all risk insurance policy covering up to USD$ 1.5 bn of physical loss or damage. Another risk allocation mechanism in the current project was the use of an off-take agreement with the guarantee from the parent company DuPont. According to this agreement, Conoco took an obligation toward Petrozuata to purchase the first 86.6% of Petrozuata’s syncrude, for the whole 35-year life of the project, based on the market price. Moreover, the project company had the right to sell the syncrude to third parties if it could get a higher price. Such scheme eliminate ex post bargaining costs, and deter opportunistic behavior by providing incentives to both sponsors to act in the project’s best interest in the area where contracts would have been costly or impossible to write. Also, with an arrangement authorized by the Venezuelan government the project had a prioritization of cash flows as a main element of the contractual agreements. Petrozuata’s customers would deposit their dollar-denominated funds from the purchases into and offshore account maintained by Banker Trust, governed by the law of New York. Afterwards, the Trustee would disburse the money according to a payment hierarchy. First, the Trustee would make the transfer to a 90-day operating expense account; second, to service the project’s debt obligations; and, third, make deposits to a Debt Service Reserve Account as needed to maintain six months of principal interest. Finally, the project implemented a â€Å"cash trap† basically meaning that if the project maintains an one-year historical and one-year projected Debt Service Coverage Ratio of 1.35X, then the Trustee would transfer any remaining funds to Petrozuata for distribution to its equityholders. To sum up, Petrozuata is an example of the effective use of project finance in developing countries. The adverse circumstances following financial closure provide further evidence of the durability and merits of the project finance structure. The deal set numerous precedents in the bank and capital markets. For these

Essay --

The drinking age in America should be changed and it is because the tax revenue caused by the increased population of drinkers will be paying more taxes for the alcohol produced. The maturity of the adult population changes through the span of three years, but adults can drink in other countries while fighting for it. In the year of 1919 prohibition for alcohol was introduced into America. The tax revenue from alcohol would increase due to the population of people buying alcohol would increase. Between the age of eighteen and twenty, there is a no tolerance for alcohol law throughout America. In the state of North Carolina, along with other states, at the age of twenty-one and older the alcohol level is 0.08 percent. Many European and South American countries have lower drinking ages, such as Germany being sixteen. However, teenagers in Germany can only buy beer instead of liquor. Introducing minor alcoholic beverages to adults at the age of eighteen reduces the amount of negative ef fects of drinking too much alcohol. Australia‘s drinking age is eighteen; however, some citizens in their country disagree with the drinking have tried to increase the drinking age to twenty-one to follow America. Fifty percent of Australians are for increasing the age, but fifty percent are for the drinking age of eighteen. Increasing the drinking age in Australia would not keep eighteen year-olds from drinking. The law of drinking at a lower age also applies to the standards in America. Many adults in America at the age of eighteen have no drinking privileges, which affects the maturity and economy drastically. Alcohol can affect adults of various ages, but the legal age of drinking has a lack of adults paying due to the drinking law. Adults at the... ...ld increase because there would be more jobs and more rules for drinking at eighteen. Other countries such as Germany, Australia, and United Kingdom believe their youth is more mature, because their drinking age is lower. The youth in other countries, such as Germany, show more responsibility when drinking alcoholic beverages. Germany and the United Kingdom have an increased population of children drinking at a younger age, but introduce it to children safely. The population of drinking is more common in European countries which show that there are fewer alcoholics that affect society. Teenagers in other countries become a large part of society at the age of most children in America are becoming average drivers. However, the maturity of citizens in European countries varies depending on the drinking age. Many adults would mature faster and have more jobs and taxes.

The Way it Was :: essays research papers

Washington Post: Research Points to a Key Alzheimer’s Risk factor Key Terms: Amino Acids: An organic molecule with a hydrogen atom, amino group, an acid group, an â€Å"R† group which are all covalently bonded to a hydrogen atom. Genes: Unit of information about a heritable trait passed from parents to their offspring. Hypothesis: possible explanation, of a phenomenon, one that has potential to be proved false by experimental tests. Statins: cholesterol lowering drugs. Text References: Chapter 16: Recombinant DNA and Genetic Engineering- pg. 741-743 on vitamins and the essential amino acids. Summary: Researchers believe that homocysteine, an amino acid in the blood, is the cause for an increased number of deaths from Alzheimer’s disease. Chances of getting this disease are believed to almost be doubled due to high content of the amino acid in the blood. Scientists believe now that they can determine people who are at greater risk and also be able correct the problem. The answer, scientists believe, is to simply lower the high amounts of homocysteine in the blood by taking certain vitamin supplements.   Ã‚  Ã‚  Ã‚  Ã‚  New research by scientists have led us to the conclusion that the higher amounts of homocysteine in the blood the greater chance of getting Alzheimer’s disease. In the late 1980’s , scientists studied 1,100 participants all with the average age of 75, to see what amount of homocysteine was present in their blood. Approximately eight years later, 10% of those tested had developed dementia, most of its attribute to Alzheimer’s. The 30% which had the highest content of homocysteine in their blood had twice the risk of developing the disease.   Ã‚  Ã‚  Ã‚  Ã‚  The data found by scientists has lead them to believe homocysteine is the cause for elevated occurrences of Alzheimers disease. Scientists believe that homocysteine accounts for 15% of the populations risk of developing Alzheimer’s disease. Obviously if the 15% of those cases were prevented that would mean a much fewer amount of cases of Alzheimer’s disease from occurring.   Ã‚  Ã‚  Ã‚  Ã‚  Willaim Jagust a neurologist from the University of California at Davis tends to disagree with the results. Dr. Jagust states, â€Å"If we lower homocysteine levels, will we lower the risk of Alzheimer’s disease?† He questions homocysteine because he says there are many other factors which play a role involving dementia and Alzheimer’s disease.

Research resources Essay

There are many resources that a student of accounting can refer to enrich his accounting knowledge and arm him/her with useful and practical experience in the accounting field. These materials are available both online and offline both subscribed and unsubscribed. These are online and offline libraries. Questia, an online library of books and journal available at http://www. questia. com/index. jsp, is a site that provides an opportunity to access books, journal and materials for all subjects and topics ranging from arts to science, and from arts to law. These materials are available to an individual upon subscription. They are accessed through the keying of the title or the required article or any phrase in that text. Athens and Amazon. com are other resources that contains rich informative and educative materials. The amazon. com, the site that allows access to useful textbooks and journals is available online at http://www. amazon. com/books-used-books-textbook/b? ie=UTF88node=283155. It is an online company that sells books. Athens is also available online at http://www. athens. ac. uk. Accounting information will be accessed by keying in the relevant topics. The Google scholar too will provide easy access to accounting materials on any trouble-some topic. There are also many textbooks and journals available in the library. New Vistas in Accounting – Vol 1, 2003, a book authored by D. G Prasuna is a textbook that provides a general outline on the major concepts in accounting and their usefulness on understanding the accounting practices and activities. Accountants handbook, volume 1, financial accounting and general topics, 11th edition, edited by D. R. Carmidiael (2007) among other scholars is a conglomeration of witty and remarkable tips on the basics of accounting, the standards an regulations as well the basics of reporting statement. Specific Sources In this research discussion Scofield Barbara (1994) in his article published by the national public accountant, titled:Full Disclosure of Interest Capitalization Decisions, he provides useful insights on the GAAPS standards on interest capitalization, shedding the light on the confusions arising from the requirements in the standards, their appropriateness and their shortcoming. This information is available online at http://www. allbusiness. com/accounting/436577-1html. The IASC foundation education website available at http://www. lasb. org/NR/rdon/yres/189CA297-4D7Epdf has a summary of the IAS regulations. In this case they were specifically touching on borrowing costs then definition and what they generally encompass. www. arthurconsulting. com/financialspecial6. htm, website by the Arthur consulting, Inc on financial analysis, gives useful tips on accounting for the impairment of long lived assets. It gives circumstance and events that are indicators that an asset has impairment as well as the criterion for impairment recognition. An international accounting journal by authors; Street D. L, Nicholas N. B, Gray S. J, titled: Assessing the Acceptability of International Accounting Standards in the U. S. An Empirical Study of the Materiality of U. S GAAP Reconciliations by Non-US companies complying with IASC standards (2000), from this page 22-63 gives a summary of GAAP standards in comparison with other international standards on accounting. It provides information that can help understand accounting standards and practices better. Domestic Accounting Standards,Iinternational Accounting Standards and the Predictability of Earnings (2001), an accounting research journal by Ashbough, Hollis, Pinces and Morton (2001) examines the variations of the various international standards and the accuracy associated with reporting using each standard. Ann Tarca (2004), in the Journal of International Financial Management and Accounting, article titled: International Convergence of Accounting Practices, Choosing between IAS and US GAAP. She samples different reporting by accountants using the different standards: GAPP and IAS and how specific firms prefer one standard over another. William Dorms (2003) in his book Finance and Accounting for Non Financial Managers. He provides all the basics you need to know. He provides an insightful outline of the basics in accounting in the different topics of intermediate accounting focusing especially on financial management and financial statement analysis. Essentials of Managerial Finance: Principle and Practice (1981). It is a large book of 807 pages authored by Steven E. Bolten and Robert Lawrence conn. It gives useful knowledge on the most troublesome on accounting. All the above source although not enough will arm a student with almost all information that he or she requires to gain basic knowledge on principles and practices of accounting. Recommendations A fresh student of intermediate accounting would need to take a glance at reading materials that provide information on the basics of accounting. This will arm him/her with information that will aid in understanding the basic concepts and accounting practices. These books and journals are available on the internet and in our library. Students will need to take detailed notes on these topics they find relevant to their studies. Having a look at the sample and published financial statements by the various firms and multinationals will give a practical hint on the application of this theoretical knowledge and affirm the need for accuracy and consistency in accounting. On specific cases for discussion, a student should ensure that they have conducted enough research for the specific topics. Keying in the title of these topics on the authoritative websites such as Google scholar and Questia will provide vital linkages to a wealth of sources and information. Many students at the introductory stage of accounting have come to me for assistance. I have assisted them by giving them the above information as well as demonstrating to them physically on how to search for information from our library as well as from the electronic journals and libraries. References Scofield Bartara, April 1st 1994. Full disclosure of interest capitalization decisions. The national public accountant. Pg. 1. Accessed on 21/08/07. Available online at http://www/allbusiness. com/accounting/436577. 1html IAS Borrowing Costs. Technical Summary. IASC foundation education. Accessed on 21/08/07. Available online at http://www. iasb. org. NR/rdonlyres/189CA297-4d7E-4826-80bc-3876874AS44/0/1as23pdf Financial analysis, 2002. Accounting for the impairment of long-lived assets. Arthur consulting group, Inc. Accessed on 21/08/07. Available online at http://www. arthurconsulting. com/financialspecial6. htm Ash Baugh, Hollis, Pincees, Morton, Dec. 2001. Domestic accounting standards, international accounting standards, and the predictability of earnings. Journals of accounting research. Blackwell publishing. Financial accounting standards board. Accessed on 21/08/07. Available online at http://www. fash. org.

Compare & Contrast Taming of the Shrew Essay

The couples in Taming of the Shrew all have various personalities. They all can be determined in different ways, through actions and emotions. Katherine and Petruchio are both similar when it comes to being dimwitted and arrogant which brings them both together emotionally. Katherine and Petruchio are both very different beings, yet also the same. They have different views of life and intentions but the way they express it is mutual. Comparing them is quite easy; because Katherine is actually they way she is because she covers it up with her true emotions that she wants to show. For example, her father favors her sister Bianca also the fact that she fears of never being able to get married to someone who can deal with her. She comes off as a Shrew not because that’s how she really is, it’s because it’s really a cover up of her emotions. Men back in the day looked down to her for being intelligent, and Katherine being hard headed showed them that they can’t tame or mess with her. Her having a mouth and being strong minded ended up molding her personality to the public, as some rude, uncontrollable woman. The one and only Petruchio, has intentions of only taming her for her money but in the process he ends up enjoying the ride and the company of â€Å"Kate†. With him being selfish and horrible it ends up actually being a good compare for the two because their personalities fit each other, either one can benefit from the other or nonetheless. Petruchio thinks that he can tame Kate, and that marriage is just about controlling wives. With both of them bumping heads all the time, one eventually has to give in because a person can only take so much until they reach their boiling point. He doesn’t care about anyone else but his self; compared to Kate she still has morals to certain people. But Petruchio only talks to or deals with anyone who can benefit him. But when Kate intervenes in his life it all changes, slowly to both of them. In conclusion, the two or both bad for each other yet good. Katherine has found someone to actually deal with her and her wittiness and Petruchio ends up having feelings for her, and not just being mainly focused on her money.  The couple rarely has differences in characteristics; the only thing they differentiate in is their intentions for each other. The main thing they are mutual in is their feelings and attitude to the outside world and each other.

Business Model for Grandmas Treats Essay

There are many ways through which a business can go online. This paper examines a few of the online business models and helps find out which among these business models best suits â€Å"Grandmas Treats†. Site types While there are many different types of online business models, there are three most common ones viz. auction, portal and storefront. â€Å"Auction models are those in which the participants bid for products or services over the internet. The auction sites sometimes do not own the products on its site, but facilitates the process of listing and displaying goods as an affiliate† (Kinsler, 2009) Commissions are the main source of revenue in the auction business model. Advertising also forms a small portion of the revenue. In a portal business model, the so called portal website is like a gateway to the customers to various online stores. It provides personalized information to the users. A major portion of revenue in such a model is usually from personalized advertising. â€Å"The store front business model is a shopping location that customers can browse and shop from the comfort of their homes, and where businesses can advertise their products and services for a fraction of the cost of brick and mortar businesses† (Kinsler, 2009) The store front shop can reach its customer either directly or through the portals such as Yahoo or Google. The store front business model is best suited for individual businesses which provide a unique product offering. Companies that use these business models Portal business model – Yahoo According to Deitel and Deitel: Sites such as yahoo. com provide users with a shopping page that links them to thousands of sites carrying a variety of products†¦ Yahoo! provides consumer with shopping-cart capabilities†¦ To improve the quality of its web searching capabilities, Yahoo! as partnered with Google. com search engine†¦ Yahoo! is made more attractive for the user†¦ As this model needs the user to register, the web page that opens after registration is a personalized one based on the information provided by the users. (Deitel and Deitel, 2000) Thus Yahoo’s portal model is convenient for customers who need to shop a variety of similar or dissimilar produc ts. Say when a consumer is done shopping and is ready to check out, he can purchase all their items through the single portal (Yahoo! ) rather than purchasing at each store. This simplifies the purchasing process and provides convenience to the customer. Auction business model – eBay Another type of business model is the auction model. Such websites act as forums through which internet users can be either a seller or bidder. Online auction off late has become a very popular and successful method of e-commerce. The leading company in this business is e-bay. It is one of the most profitable businesses. On eBay people are able to buy and sell almost everything. eBay has spawned a number of businesses that use the site as their means of selling products. The main advantage that e-bay offers is that there are no overhead or upfront costs. The seller can sell his product without incurring any high costs as he does not need sales staff or distributors. There is also no need of any initial investment and most importantly the seller gets access to millions of online auctions from buying customers. And hence it has become a forum where there are no geographical constraints. Bidders and sellers from all over the world can come together and moreover there is no need to ship the products to a central location which reduces the costs and the seller’s minimum acceptable price. Many businesses would prefer eBay as they can avoid losses on sale of items by setting the minimum bid price high enough to cover their cost. Advantages Yahoo which uses the portal business model has a lot advantages over its competitors. Many of the websites are viewed by the users mainly through the portals (through yahoo search, yahoo shopping etc†¦) thus Yahoo can leverage this to generate revenues. Similarly eBay offers many of the businesses a platform to showcase their products in its site. Thus it could generate revenues by charging those businesses which benefit by utilizing the eBay auction system. Business model for â€Å"Grandmas Treats† â€Å"Grandmas Treats† has a specialty product i. e. low sugar bakery products which it needs to make available to its customers through the World Wide Web. Since Grandmas Treats has a unique product which it needs to take to its customers, it would be appropriate for it to make use of the storefront business model. It could also make use of the internet portals such as Yahoo or Google to direct more customers to its website. Would dynamic pricing apply for â€Å"Grandmas Treats†? Grandmas Treats’ core product is low sugar baked products. The target customers for Grandmas Treats would be those who are calorie conscious and those who are with specific ailments such as diabetes. These customers usually prefer a low sugar food product as compared to the normal food products. Hence Grandmas Treats could expect to have more or less constant demand for its product in the market. Therefore â€Å"Grandmas Treats† need not have to use dynamic pricing.

Every Child Is Special

In   this   world,   children   exist   with   exceptional   behaviors.   Their   behavior   is   hard   to   accept   for   the   society.   Teachers   play   a   very   vital   role   in   making   them   educated.   First   of   all   teacher   should   be   trained   to   work   in   the   school   where   there   are   children   with   exceptionalities.   Sometimes   it   becomes   very   hard   for   the   teacher   to   react   in   a   right   manner   when   they   teach.   The   students   with   behavioral   issues   needs   extra   of   teaching   and   attention. The   small   classes   would   help   a   lot   in   teaching   them   effectively.   Also   there   must   be   a   room   for   visiting   faculty   to   come   and   take   extra   sessions.   This   not   only   comes   out   to   be   beneficial   for   children   but   also   is   a   help   to   the   teachers.   There   could   be   a   new   technique   of   teaching   or   handling   the   students   and   could   be   advantageous.   The   visiting   faculty   proves   out   to   be   change   for   the   students. The   good   teacher   is,   who   emphasize   on   child's   ability   not   disability.   The   disability   must   be   removed   but   without   depressing   a   child.   A   child   must   know   about   his   disabilities,   but   he   must   also   that   he   has   abilities   which   are   more   in   number   than   his   disabilities.   A   teacher   must   teach   with   a   mentality   that   every   child   has   some   incapacities.   Teacher   should   help   a   child   in   bringing   up   his   abilities   and   should   curb   the   disabilities   silently.   Expectations   should   be   high,   because   every   child   can   achieve   some   position   in   a   society   according   to   his   potential,   but   this   needs   assistance. Environment   of   class   should   be   positive   and  Ã‚   friendly.   This   depends   on   a   teacher   that   how   she   maintain   the   environment.   Because   the   positive   environment   boost   the   learning   capabilities   of   a   child.   Also   the   behavior   of   a   child   depends   on   his   surroundings.   If   a   child   feels   threatened   by   something   then   it   is   obvious   that   his   behavior   would   change.   Sometimes   it   become   very   important   for   a   teacher   to   know   about   child's   likes   and   dislikes. Every   child   has   an   individual   goal,   so   from   time   to   time   teachers   should   keep   themselves   updated   that   how   far   he   has   progressed.   The   grade   does   not   tell   everything   about   what   the   child   has   learned   so   far.   The   emphasis   on   grade   should   be   low.   Teacher   should   know   what   he   has   learned   so   far   or   in   which   field   is   he   lacking   behind. This   also   boosts   up   the   confidence   of a   child. The   whole   learning   process   makes   a   child   tired.   This   not   only   effects   their   learning   abilities   but   also   distracts   them.   Therefore   a   teacher   should   employ   proper   techniques   for   relaxing   in   a   class.   A   child   with   attention   disorder   gets   mentally   tired   soon.   There   should   be   proper   relaxing   techniques   like   listening   to   soft   music   or   playing   games.   Playing   games   not   only   ease   a   child   but   also   keeps   them   healthy. The   first   thing   a   child   should  Ã‚   learn   is   to   take   care   of   himself.   They   should   be   made   self   dependent.   Taking,   basic   example   a   child   must   learn   to   tie   his   shoe   laces.   The   dependent   child   always   has   a   low   confidence   level.   There   must   be   short   extra   sessions   to   teach   the   students,   how   to   take   care   of   themselves,   or   how   to   be   more   organized. There   should   be   also   be   sessions   to   prevent   behavior   issues.   Sometimes   teacher   takes   a   child   as   a   normal   child,   she   does   not   lay   stress   on   the   behavior   problems.   But   she   does   not   know   that   the   lack   of   attention   by   a   teacher   encourages   the   problem   in   a   child. But   sometimes   these   session   proves   out   to   be   futile   as   students   continues   to   misbehave,   then   it   is   necessary   to   know   that   they   are   misbehaving   because   of   these   sessions.   Because   the   sessions   does   not   fit   to   their   needs   every time,   and   they   wait   for   someone   who   can   help   them   in   personal. In   case   of   higher   education   there   are   many   faculties   who   are   taking   a   single   class.   The   coordination   between   these   faculties   is   a   must   so   that   the   students   does   not   get   confused   between   all   the   faculties.   A   teacher   has   its   own   style   of   teaching   and   if   another   teacher   comes   and   teaches   them   in   totally   different   style   it   becomes   hard   for   the   students   to   know,   which   one   they   should   follow.   Therefore   all   the   faculties   teaching   a   particular   class   should   know   about   each   other   teaching   styles,   it   becomes   easy   for   a   student   to   learn. Teacher   should   make   sure   the   behavioral   improvements   and   achievements   generalize   to   other   situations.   They   should   make   sure   that   what   they   teach   should   apply   in   most   of   the   real   world   situations.   The   generalized   teachings   proves   out   to   be   more   beneficial   to   the   students,   as they   come   to   know   the   particular   thing   that   they   have   learned   can   apply   in   the   most   of   the   problems.   This   type   of   teaching   method   proves   out   to   be   very   beneficial   because   students   can   learn   more   things   with   less   stress   on   their   brains. Students   should   learn   to   socialize   with   other   students   who   may   or   may   not   be   disable   like   them.   The   interaction   with   other   students   should   be   started   at   the   beginning   of   their   year.   Their   should   be   learning   centers   that   promote   social   interaction   for   these   children’s.   Necessary   social   skills   should   be   taught   in   the   learning   centers.   If   the   school   is   finding   it   difficult   to   start   learning   centers   then   skills   should   be   taught   in   the   lunch   time   or   in   the   free   period. Literature   Review:- Teaching   strategies   for   attention   deficit   hyperactivity   disorder:– Unable   to   pay   attention,   hyperactivity,   impulsive   are   the   signs   of   ADHD.   There   are   about   three   to   five   percent   of   the   students   in   United   States   who   are   suffering   from   ADHD   (   American Psychiatric Association, 1994   ).   The   students   suffering   from   ADHD   fail   to   finish   their   homework   and   are   careless.   Older   students   with   ADHD   are   less   communicative   and   react   spontaneously.   The   main   symptoms   are:– 1)   Restlessness 2)   Unable   to   concentrate 3)   Difficulty   in   following   instructions 4)   Losing   things 5)   Doing   little   mistakes 6)   Great   deal   of   mood   swings Teacher   should   start   with   evaluating   the   child's   needs   and   strengths.   The   assessment   should   be   done   on   the   behavior   and   academic   needs.   After   evaluating   all   their   needs   appropriate   practice   should   be   chose.   The   selected   practice   should   gain   the   attention   of   the   child   and   is   appropriate   to   their   age.   It   should   be   kept   in   mind   that   the   practice   that   is   selected   should   be   a   additional   benefit   to   the   students   who   do   not   have   ADHD.   After   selecting   all   the   practices   they   must   be   wrapped   up   in   a   single   program. After   the   conclusion   of   each  Ã‚   lesson   the   selected   practice   should   achieve   its   goal.   The   lessons   must   be   presented   in   a   different   manner.   Teacher   should   prepare   the   lesson   and   the   activities   planned   in   advance.   The   review   of   the   previous   lessons   also   proves   out   to   be   beneficial   for   the   students.   Teacher   must   identify   all   the   materials   needed   in   the   classroom,   because   sometimes   it   becomes   very   difficult   for   the   children   to   identify   the   materials   on   their   own. It   is   very   hard   for   the   students   with   ADHD   to   change   from   one   topic   to   another.   Therefore   revision   of   the   previous   lecture   is   a   must.   The   use   of   audiovisual   materials   helps   the   students   a   lot. Describe   how   students   can identify   and   correct   their   own   mistakes.   For   example,   remind   students   that   they   should   check   their   calculations   in math   problems   and   reiterate how   they   can   check their   calculations;   remind   students   of   particularly   difficult  Ã‚   spelling rules   and   how   students   can   watch   out   for   easy- to – make   errors. If   the   teacher   tries   to   lower   the   noise   level   in   the   classroom   it   helps   a   child   in   maintaining   his   focus. Teaching   strategies   for   students   with   emotional   behavioral   disorder:- For   teaching   the   students   with   EBD   teacher   should   encourage   the   positive   learning   techniques.   The   objectives   of   the   lesson   should   be   presented   before   which   helps   in   predictability.   The   presentation   should   be   exciting,   and   if   the   students   performs   well   he   should   be   given rewards.   This   helps   a   lot   in   dealing   with   the   students   with   EBD.   The   vocabulary   used   in   the   presentation   should   be   lucid   and   the   feedback   should   be   given   immediately. The   lessons   should   be   started   with   the   interesting   items   or   questions.   It   should   be   kept   in   mind   that   if   a   teacher   wants a   child   to   be   excited   about   learning   then   teacher   should   be   excited   about   teaching.   While   taking   up   the   lessons   students   should   know   that   they   are   learning   and   making   progress.   After   completing,   the   lesson   must   be   revised   and   the   students   should   be   prepared   to   move   to   next   lesson.   The   long   presentations   must   be   cut   into   short   presentations,   so   as   in   case   of   long   assignments.   Extra   time   should   be   given   to   students   for   completing   their   work. The   environment   of   a   class   should   be   healthy.   Rules and   regulations   should   be   made   and   teach   them   to   act   in   accordance   with   the   rules.   The   environment   of   a   class   should   be   quiet   as   well   active.   Adequate   materials   should   be   provided   to   them   so   that   they   do   not   feel   shortage   of   resources   in   between   the   lecture.   There should   be enough room   for   the   students   to   move   in   the   classroom   without   disturbing   each other   and   adequate   space   must   be   provided   to   them   for   their   personal   belongings.   The   classroom   rules should   be   less   and   positive.   They   should   emphasize   more   on   like   what   students   must   do   in   class. Teacher   should   communicate   with   a   child   in   a   non   threatening   manner   and   should   show   the   personal   interest   in   a   child.   This   makes   a   child   feel   good   and   boost   up   his   confidence   level.   Proper   gestures   and   body   language   is   very   important   in   communication.   The   gesture   given   should   be   holding   longer   than   normal.   Speaking   slowly   and   clearly   are   also   very   important.   Proper   wait   time   should   be   included   because   some   students   are   slow   learners. Managing   behavior   is   very   important   in   dealing   with   the   EBD   students.   Sometimes   it   proves   out   to   be   very   beneficial   to   ignore   the   negative   behaviors,   because   sometimes   a   child   behaves   negatively   in   order   to   grab   the   attention.   Punishment   should   only   be   used   in   a   case   when   the   behavior   of   a   child   is   harmful   for   other   students. There   must   be   a   social   problem   technique,   which   effectively   identifies   the   problems   and   provides   the   best   solution   for   it.   Anger   management   is   the   main   problem   with   the   child   suffering   from   EBD.   Anger   is   natural   so   it   useful   to   teach   anger   control   techniques   rather   anger   elimination   techniques.   The   first   step   in   anger   management   is   to   convince   a   child   that   he   should   change,   teaching   relaxation   techniques   helps   a   lot. Teaching   strategies   for   the   students   having   learning   disabilities:- Learning   disabilities   is   a   problem   in   which   a   child   finds   difficulty   in   organizing   received   information,   remembering   them,   manipulating   them.   But   with   the   effective   learning   strategies   they   can   be   taught   effectively.   The   common   symptoms   are   difficulty   in   learning,   poor   memory,   difficulty   in   remembering   facts,   confusion   among   the   basic   words,   spelling   and   reading   errors,   impulsive   behavior   etc.  ·      The   course   load   should   be   low,   because the   course   load  Ã‚   will   make   them   even   more   poor   learners.  ·    Questions should   be   asked   in   a   clarifying   manner,   the   language   used   must   be   easy   to   digest.  ·      The   key   points   of   the   chapter   must   be   told   before   the   beginning   of   the   chapter.  ·      While   writing   on   the   board   verbalize   what   is   being   written,   the   audio   and   video   effects   in   teaching   boost   up   the   learning   capabilities.  ·      The   environment   of   the   class   must   be   peaceful   so   that   the   students   do   not   feel   diverted.  ·      The   assignments   should   be   given   in   oral   form   as   well   as   in   written   form.  ·      They   should   be   given   more   time   to   complete   difficult   assignments.  ·      The   pace   of   teaching   should   be   kept   in   accordance   with   their   learning   abilities.  ·      Using   plenty   of   examples   in   the   presentation   makes   their   understanding   level   high.  ·      Encourage   them   to   borrow   the   classmate’s   notes   if   required.  ·      Colored   apparatus   must   be   used   for   high   visual   recognition. Group   discussion   helps   a   lot   for   the   students   having   learning   disabilities,   for   them   group   discussion   is   fun   as   well   as   is   beneficial   in   learning.   Encourage   them   to   ask   questions   during   or   after   the   lecture   to   make   sure   that   they   have   understood   completely.   Teacher   must   pay   individual   attention   towards   every   child.   Frequent   sessions   with   a   child   for   proper   assessment   should   be   conducted.   Using   large   fonts   make   their   processing   fast. Give   individual   conferences   to   guide   students   with learning   disabilities   to   monitor   progress   and   understanding   of   the   assignment   and   of   the   course   content. Examples   of   science   role   models   with   disabilities   should   be   given   to   them   frequently   so   that   they   do   not   feel   depressed.   Encourage   them   to   ask   for   help   whenever   needed. It   would   be   wrong   to   assess   the   potential   of   a   child   on   the   basis   of   test   scores.   Every   child   has   its   own   strength   and   weaknesses. Summary:- The   main   aim   of   teaching   is to educate   individuals   who   are   active   members   in   the   society   at   it’s   various   levels. Teachers   are   very   important   in   our   society   because   we   need   them   to   provide   our   youth   with   the   knowledge   and social   experiences   they   will   need   to   improve   their   future   and   the   future   of   the   entire   planet. While   teaching   students   with   exceptionalities   teacher   should   keep   in   mind   that   every   child   is   special.   Teacher   should   not   run   from  Ã‚   their   responsibilities,   they   can   change   the   life   of   these   children’s.   Every   child   likes   different   environment,   so   it   better   for   a   teacher   to   try   to   educate   them   keeping   in   mind   their   likes   and   dislikes. Teachers   can   apologies   to   the   government   to   issue   the   policies   which   are   in   pure   favor   of   these   children’s.   Like   in   maximum   countries   reservations   are   made   for   these   children. The   teachers should   motivate   the   society   around   them   to   take   care   of   these   children.   We   should   all believe   that   there   are   hopes   for   those   children’s   and   we   can   do   something   for   them.   These   children   have   their   own   qualities   like   others   and   they   can   help   our   society   uprising.   No   one   should   take   it   as   taken   for   granted   because   this   can   happen   to   any   body,   what   if  Ã‚   they   got   suffered   with  Ã‚   the  Ã‚   same.   The   society   will   surely  Ã‚  Ã‚   turn   their   face   around   from   those   children.   But   if   we   all   together   work   for   them   then   changes   can   be   there. Questions:— 1)   Did   you   ever   felt   frustrated   in   teaching   students   with   exceptionalities? 2)   What   are   the   important   strategies   adopted   by   you? 3)   How   you   will   handle  Ã‚   the   disputes   between   the   students? 4)   Any   special   apparatus   is   required   for   teaching   them? 5)   What   are   the   methods   you   have   implemented   to   provide   social   exposure? 6) According   to   you   what   kind   of   environment   do   you   think   is   best   suited   for   them? References Adelizzi,   Jane U.   &   Goss,   Diane B.,   (2001),   Parenting   children   with   learning disabilities,   Greenwood Publishing  Ã‚   Group,   ISBN: 0897897722 Dockrell, Julie,   & McShane, John   (1993), Children's   learning   difficulties:   A   cognitive  Ã‚   approach,   Blackwell Publishing,   ISBN: 0631170170