The United States Of America - 2230 Words

Zachary Brown [United States History I] [Stephanie Litz] [22 June 2016] SLAVERY IN THE UNITED STATES OF AMERICA SLAVERY IN THE UNITED STATES OF AMERICA: AN INTRODUCTION Slavery in the United States of America has a long history. The legal institution of human chattel slavery in the country has long been part of its society. In fact, its existence can be traced in the eighteenth and nineteenth centuries after the country gained independence from its colonial masters and prior to the end of the American Civil War (Sublette and Sublette 180). Apparently, the existence of slavery during this particular period is highly attributed to the fact that the same has been practiced in British North America, having been declared legal in all thirteen colonies thereof at the time of the Declaration of Independence. Slavery in the United States of America is commonly associated with African Americans. It is worth noting, however, that slavery in the country has not always been limited to the African Americans. Rather, slavery as an institution first began amongst the Native Americans (the Indians) who reside d in the country prior to its colonization (Sublette and Sublette 180). During the American Revolution, slavery was formally institutionalized. At this point, the slaves have been institutionalized as a racial caste that was highly with the African ancestry. It is also in this regard that colored people are considered second-class citizens in the country (Sublette and Sublette 180).Show MoreRelatedThe United States Of America1536 Words   |  7 PagesThe United States of America is well known throughout the world for tis democracy ant the freedoms of its citizens. Since declaring its Independence from Great Britain rule in 1776, the United States of America has undergone a continuous effort to maintain law and order. In order to create a strong federal government with a system of check and balances the Constitution was proposed and ratified. The Constitution of the United States became the Supreme law of the land. (The Constitution) We theRead MoreThe United States Of America1317 Words   |  6 PagesThe united states of america has been in many world affairs since its creation. One of the earliest international events that can be attributed to having direct links with the Great Depression was the Manchurian Crisis of 1931. War had broken out between China and Japan, who had both suffered due to the counter measures and high tariffs set by America and Europe to combat the Great Depression. Japanese army officers in Manchuria manufactured an incident, took over the province and on their own createdRead MoreThe United States Of America995 Words   |  4 PagesThe United States of America has always been known as the home of â€Å"The American Dream†. This consists of the nice house with the family, the dog and the white picket fence. Lately, however, the country has been losing this dream. Lately the corruption of the United States of America has taken over this dream that led so many to want to make a home in the country. Politics has become a contes t of money and power. Money has come to equal power, and it shown through all elections. The Federal ElectionRead MoreThe United States Of America1551 Words   |  7 Pages The United States of America: the place that praises the â€Å" American Dream† that countless people try following but never really succeed in accomplishing because of systemic racism. It’s easy to tell people to pull themselves up by their bootstraps, but what if they don’t even have bootstraps to begin with? The American Dream is a sugar coated lie. After hundreds of years of colonization, mass genocide, racism, white supremacy†¦ It is deceptive to tell minorities that they can be as successful asRead MoreThe United States Of America1244 Words   |  5 PagesFrom Northern Pakistan to The United States of America, The Exchange Student Probably to everybody’s shock, nobody could have imagined how poorly executed the 45th’s President Executive Order shortly after it was established. Any person, who is from one of the seven designated Muslim countries in the Middle East, are not allowed the right of entry into the United States of America. People like Syrian Refuges are ban indefinitely until the 46th POTUS reverses that order, who are seeking nothing butRead MoreThe United States Of America Essay1694 Words   |  7 PagesA crash in america may be coming a lot sooner than many people think. The United States of America is facing problems a lot of people are either unaware of or just dont think its a big deal. Most of america think that our economy and government is in alright financial shape, That may not be the case though. America is in bad shape and it seems to be going down hill. America is declining in world power as well and this is just another factor leading to a crash in the future. Other nati ons are growingRead MoreThe United States Of America1674 Words   |  7 PagesThe United States of America is the world largest single economy with a lot of trade activities with other nations. The country has traded with other nations for centuries hence it is an important economic partner (Jensen, Quinn Weymouth, 2015). The country normally has a lot of influence in the world trade since it serves almost all the nations worldwide. In fact, most of the trade policies that affect the whole world have been proposed by the United States of America. Moreover, the country isRead MoreThe United States Of America1354 Words   |  6 Pages The United States of America was sought out by immigrants as a place of freedom and refuge. Throughout America s short history, people from all over the world looked to America as a land of opportunity. Immigrants from Eastern European countries such as Poland, Lithuania, and Hungary poured into the United States in the mid 19th century. The large am ount of immigration from Eastern European countries to the United States between 1919 and 1924 was due not only to the opportunities of work and freedomRead MoreThe United States Of America938 Words   |  4 PagesThe United States of America is one of, if not the most developed nation in the world as of 2014. America is well-known for its freedom and opportunity it offers, which is why many individuals sought out for it. But I am not going to write about America’s many achievements and prestigious comforts. I would like to address the current situation that has been haunting America for quite some time now. In the last century, technology all around the world has undergone dramatic changes, whether it isRead MoreThe United States Of America1340 Words   |  6 PagesThe journey of how the United States of America became the United States of America is a very complex one. With America declaring separation from the Great English Empire, to the organization of becoming a free, sovereign nation and lastly, the migration and colonization of the now, western United States, including the great state of Nevada, has many components. The Declaration of Independence initiated the process of becoming a country of its own. This Document pushed the separation from England The United States Of America - 2230 Words United States of America United States is one of the countries with the greatest diversity in the world, from its geography to the demographic composition; It is impossible to speak of a unique feature in this scenario geographic, racial, ethnic and cultural wealth. The influx of immigrants, who come from the most remote regions of the planet or the neighboring nations has been continuous and constant for 150 years . For example, in 2013 they lived around 41.3 million immigrants in the United States, which accounted for 13% of the total population. Taking into account the children of immigrants born in the United States - the so - called second - generation immigrants the figure reaches 80 million, or what is the same, a quarter of the 316 million people living in the country. United States film industry development through the history The beginnings The first public screening of a film in the United States took place in 1896 in New York. The projector was developed by inventor Thomas Alva Edison, whose company was also the producer of the short films. Fatherhood American fiction cinema is often attributed to Edwin S. Porter, who in 1903 used an innovative technique mount 8 - minute film Assault and robbery of a train by which different fragments from different shots of the same film was together to form a narrative whole. This work became film in a very popular art form, and led to nationwide screening rooms appear small, so -called nickelodeones. David Wark Griffith, aShow MoreRelatedThe United States Of America1536 Words   |  7 PagesThe United States of America is well known throughout the world for tis democracy ant the freedoms of its citizens. Since declaring its Independence from Great Britain rule in 1776, the United States of America has undergone a continuous effort to maintain law and order. In order to create a strong federal government with a system of check and balances the Constitution was proposed and ratified. The Constitution of the United States became the Supreme law of the land. (The Constitution) We theRead MoreThe United States Of America1317 Words   |  6 PagesThe united states of america has been in many world affairs since its creation. One of the earliest international events that can be attributed to having direct links with the Great Depression was the Manchurian Crisis of 1931. War had broken out between China and Japan, who had both suffered due to the counter measures and high tariffs set by America and Europe to combat the Great Depression. Japanese army officers in Manchuria manufactured an incident, took over the province and on their own createdRead MoreThe United States Of America995 Words   |  4 PagesThe United States of America has always been known as the home of â€Å"The American Dream†. This consists of the nice house with the family, the dog and the white picket fence. Lately, however, the country has been losing this dream. Lately the corruption of the United States of America has taken over this dream that led so many to want to make a home in the country. Politics has become a contest of money and power. Money has come to equal power, and it shown through all elections. The Federal ElectionRead MoreThe United States Of America1551 Words   |  7 Pages The United States of America: the place that praises the â€Å" American Dream† that countless people try following but never really succeed in accomplishing because of systemic racis m. It’s easy to tell people to pull themselves up by their bootstraps, but what if they don’t even have bootstraps to begin with? The American Dream is a sugar coated lie. After hundreds of years of colonization, mass genocide, racism, white supremacy†¦ It is deceptive to tell minorities that they can be as successful asRead MoreThe United States Of America1244 Words   |  5 PagesFrom Northern Pakistan to The United States of America, The Exchange Student Probably to everybody’s shock, nobody could have imagined how poorly executed the 45th’s President Executive Order shortly after it was established. Any person, who is from one of the seven designated Muslim countries in the Middle East, are not allowed the right of entry into the United States of America. People like Syrian Refuges are ban indefinitely until the 46th POTUS reverses that order, who are seeking nothing butRead MoreThe United States Of America Essay1694 Words   |  7 PagesA crash in america may be coming a lot sooner than many people think. The United States of America is facing problems a lot of people are either unaware of or just dont think its a big deal. Most of america think that our economy and government is in alright financial shape, That may not be the case though. America is in bad shape and it seems to be going down hill. America is declining in world power as well and this is just another factor leading to a crash in the future. Other nati ons are growingRead MoreThe United States Of America1674 Words   |  7 PagesThe United States of America is the world largest single economy with a lot of trade activities with other nations. The country has traded with other nations for centuries hence it is an important economic partner (Jensen, Quinn Weymouth, 2015). The country normally has a lot of influence in the world trade since it serves almost all the nations worldwide. In fact, most of the trade policies that affect the whole world have been proposed by the United States of America. Moreover, the country isRead MoreThe United States Of America1354 Words   |  6 Pages The United States of America was sought out by immigrants as a place of freedom and refuge. Throughout America s short history, people from all over the world looked to America as a land of opportunity. Immigrants from Eastern European countries such as Poland, Lithuania, and Hungary poured into the United States in the mid 19th century. The large am ount of immigration from Eastern European countries to the United States between 1919 and 1924 was due not only to the opportunities of work and freedomRead MoreThe United States Of America938 Words   |  4 PagesThe United States of America is one of, if not the most developed nation in the world as of 2014. America is well-known for its freedom and opportunity it offers, which is why many individuals sought out for it. But I am not going to write about America’s many achievements and prestigious comforts. I would like to address the current situation that has been haunting America for quite some time now. In the last century, technology all around the world has undergone dramatic changes, whether it isRead MoreThe United States Of America1340 Words   |  6 PagesThe journey of how the United States of America became the United States of America is a very complex one. With America declaring separation from the Great English Empire, to the organization of becoming a free, sovereign nation and lastly, the migration and colonization of the now, western United States, including the great state of Nevada, has many components. The Declaration of Independence initiated the process of becoming a country of its own. This Document pushed the separation from England

Health Care Reform Research Proposal Free Essays

Bailey 1 UNIV 4995 Senior Project Research Proposal September 23, 2010 Health Care Reform Benefits Everyone It feels good to be able to make a doctor’s appointment and get health screens or prescriptions as needed without the hassle of being rejected because lack of health insurance. I, unlike millions, am employed full time by a major company that has this option. A very close friend of mine, who is paralyzed from the waist down had been covered by his mother’s health insurance through her employer for many years. We will write a custom essay sample on Health Care Reform Research Proposal or any similar topic only for you Order Now Last year, she came of retirement age and the insurance company informed them that Jimmy will no longer be covered and need to seek other options. Until President Obama’s Health Care Reform Bill, Jimmy was denied coverage numerous times because of his â€Å"pre-existing conditions. † How could a country so rich, deny a person who needs medical insurance? We needed a change and this Bill was indeed the answer. The Health Care Reform Bill is much needed and relevant to society because it will extend health care to those with pre-existing conditions like those of Jimmy’s’. It will also extend coverage to seniors and make prescriptions more available to them. The Bill will also increase the age of coverage to young adults who are currently on their parents’ policies. There are much of Americas population who are uninformed or just do not approve of the Health Care Bill. Many may question the tax increase on citizens for Medicare or have questions Bailey 2 regarding the countries’ deficit. Some may ask, â€Å"Why is it fair to pay extra for people who smoke or people who are unhealthy? † And finally, many republicans, rich or wealthy Americans object this bill mostly because they feel they are taxed the hardest and are punished for being wealthy. With support for research, I will address all of these issues. With charts and data from the US Bureau of Statistics, I will retrieve information that will back facts that the Health Care Reform Bill will benefit our country more than it will hurt it. I will research articles and interviews from politicians and regular American citizens (wealthy, middle, and poor) to prove we are on the right track. Our country needs our support. I plan to visit local libraries to obtain reference information to give a more in-depth analysis on changes the bill has brought about. With the proper support, I can identify facts that the Pro’s definitely outweigh the Con’s. I am writing to all the Americans who do not support this bill and to Americans who are not informed of how important it is. I want to shed light on this subject and hopefully answer questions of people who are sketchy about politics in general. The burning question remains â€Å"How will the Health Care Reform Bill affect me? † My goal in this paper is to answer questions and inform â€Å"the people† that this bill will benefit us all and should be supported. How to cite Health Care Reform Research Proposal, Essays

Political Nature of Accounting Standard - MyAssignmenthelp.com

Question: Discuss about the Political Nature of Accounting Standard. Answer: Introduction The business corporations need to develop and disclose all the relevant financial and non-financial information to the end-users for promoting transparency in the business operations. The development and preparation of financial reports by a business corporation require the adoption of specific accounting policies and procedures as directed by the IASB (International Accounting Standards Board). The accounting policies and procedures are developed by the IASB on the basis of various accounting theories such as normative and positive theory of accounting. The accounting theories has lead to the development of a conceptual accounting framework that has stated the four basis qualitative characteristics to be possesses by financial information (Marley and Pedersen, 2015). These qualitative characteristics are relevancy, reliability, comparability and understandability that are required to be possessed by financial information for meeting the needs and expectations of the end-users. The a ccounting policies help the businesses to develop a specific accounting strategy for developing high-quality financial reports. In this context, the present report is aimed at analyzing and examining the specific accounting policies and estimates of an ASX listed firm, that is, Wesfarmers limited. The compliance the financial reports of the company as per the standard accounting policies is evaluated in the report along with the comparison of its accounting strategy with its rival companies, that is, Woolworths Limited. Identify Key Accounting Policies The accounting policies adopted by Wesfarmers in development of its financial reports are in accordance with the Corporations Act 2001 and Australian Accounting Standards Board (AASB). The financial statements of the company are developed as per the historical cost basis except for investment held by associates, financial instruments and available for sale investment that are measured at the fair value. The financial figures in the general purpose financial statements are presented in Australian dollar by rounding off to their nearest million values. The company develops its general purpose financial statements as per the principle of consolidation according to Companies Act (Wolk, Dodd and Rozycki, 2012). The principle of consolidation requires all business entities to integrate the financial information of all their subsidiaries as a single economic entity. The acquisition of subsidiaries is accounted through the use of acquisition method of accounting that involves identifying and measuring the fair value of assets, liabilities and non-controlling interest at the date of acquisition. The company has also adopted significant accounting policies as per the AASB rules for monitoring and controlling the risk involved in its business operations. For example, the company have adopted AASB 7 standard for controlling the risk exposure relating to the financial transactions involving transferring of assets (Wesfarmers: Annual Report, 2016). The risk management policy of the company is actively involved in managing and controlling the risk related to market exposure, foreign exchange, credit rating and liquidity risk. The company manages the liquidity risk through introducing flexibility in its capital structure by forecasting the ratio of debt and equity (Kenny, 2009). The company manages the market risk exposure through the use of sensitivity analysis that helps it in predicting the movements of foreign currencies. The company also uses hedging for addressing the foreign currency risk and therefore minimizing its foreign currency risks (Wesfarmers: Annual Report, 2016). Assess Accounting Flexibility The accounting mangers have authority to introduce some specific changes in the standard accounting policies and procedures for achieving certain corporate objectives and goals. The fact can be supported from the findings of positive theory of accounting which states that accounting managers selects the specific accounting policies that helps in maximizing the value of firm. As per the theory, the accounting methods selected by a firm should reflect its best financial performance and as such some discretion is provided to the management for introducing flexibility in the accounting framework. Thus, the accounting regulations implemented by IASB should not eliminate the managerial flexibility and there should be left considerable scope for accounting managers to influence the financial statements. As such, it can be inferred from the analysis of financial reports of Wesfarmers, that the mangers have adopted certain judgments and estimates in the standard accounting policies. For example, the carrying value of assets and liabilities are estimated on the basis of future situations that can impact the materiality of the financial statements in the future reporting period of the company. In addition to this, the recoverable amount of non-current assets during impairment testing is esteemed on the basis of the future cash inflows of assets. The useful lives of the fixed assets of the company such as property, plant and equipment are estimated through the application of judgment of management in support with the internal consultation obtained from experts. Also, the net realizable value of inventories is estimated by the management on the basis their sales price in the normal course of business. Therefore, the estimates and judgments made by the management during the adoption of spe cific accounting policies may pose a materialistic risk in the financial statements developed by the company. However, the flexibility provided to the management should not distort the financial performance of the company for maximizing the personal benefits of the managers but should be only done for achieving the corporate goals and objectives (Wesfarmers: Annual Report, 2016). Evaluate Accounting Strategy The accounting strategy is developed on the basis of specific accounting policies implemented by a firm for the preparation of its general purpose financial statements. The accounting strategies are developed on the basis of corporate mission and values in order to develop the financial performance of a company as per its strategic goals and objectives. The Wesfarmers accounting policies are developed as per the industry norms in order to attain a competitive edge over the competitors. The Wesfarmers Limited is a supermarket giant of Australia and therefore need to implement competitive accounting strategies for outperforming the competitors. The main competitor of the company in Australian retail market is Woolworths Limited. Both the companies develop their financial reports as per the Corporations Act and AASB standards. However, there exist some significant difference between the accounting policies and procedures adopted by the both the companies. The carrying value of assets an d liabilities in Wesfarmers are estimated on the basis of future vents but it incorporates the use of hedging for estimating the fair value of assets and liabilities (Wesfarmers: Annual Report, 2016). The Woolworths Limited, on the other hand, does not implement the use of hedge accounting for recognizing the estimated carrying value of assets and liabilities for the next reporting period. The capital structure maintained by Wesfarmers can also be regarded to be better as compared to Woolworths (Woolworths: Annual Report, 2016). This is because Wesfarmers have maintained a higher level of equity as compared to debt in its capital structure while Woolworths have a high level of debt liabilities in comparison to equity. Thus, it can be said that Wesfarmers possess good investment quality as compared to Woolworths because it does not have higher financial obligations and therefore there is less risk for the investors. The Wesfarmers have also maintained a simple income statement as compared to Woolworths that possess complex structure. The income statement of Woolworths is rather complex that makes it difficult to be understood by the end-users with numerous sub-sections. However, bo th the companies are showing positive financial performance with the increase in dividends provided to the shareholders. The growth strategy pursued by both the companies is significantly different from each other with Wesfarmers increasing its cash flows by selling the asset base. On the contrary, Woolworths Limited is increasing its cash flows through investing in new ventures. Thus, it can be said that management of Wesfarmers have introduced flexibility in the accounting policies to maintain a competitive edge over its industry peers (Sheridan, 2016). In addition to this, the management also exercises discretion in disclosing the information related to incentives facing managers. The Wesfarmers Limited have adopted a remuneration committee in order to provide recommendations to the Board in deciding over the matters the remuneration structure to be adopted for its key management personnel. The incentive schemes of the company are based on achievement of certain performance targets. The company provides annual incentives to its KMP on the basis of achievement of strategic objectives whereas the long-term incentives are provided on the basis of maximizing the shareholder value. Therefore, the management has adopted the specific incentive policies that are in accordance with its corporate goals and objectives. The management holds discretion in deciding the incentive policy but has maintained that the incentive schemes does not lead to occurrence of nay fraudulent activities such as manipulation of financial information by the KMP fo r maximizing their incentives (Albrecht, 2010). The management has aligned the incentives received by the KMP with the performance targets to avoid the occurrence of any fraudulent activities in order to maximize personal gains by the KMP. The change in the accounting policies are carried out by the management for achieving certain accounting objectives. For example, the change in the accounting policies related to measurement of its financial instruments, managing incentive plans of managers and norms for attaining competitive advantage are carried out by the management as per the business operations of the company (Wesfarmers: Annual Report, 2016). Analysis of the disclosures made by the selected company On the basis of the review of the notes to accounts below the financial statements of the company it can be said that disclosures provided are reliable, relevant, comparable and understandable. So it can be said that disclosures made by the company meets the requirements of the accounting standards and shareholders of the company (Mintz, 2013). The financial and non financial information provided in the notes to accounts have been included as per the defined accounting policies taken by the company to draft the financial statements. It has been seen that there have not any footnotes under financial statements that will guide the accounting standards used to prepare the financial statements (Henderson et al., 2015). As the footnotes have not been provided under the financial statements, there has been violation of understandable principle of conceptual accounting framework. As per the understandable principle of the conceptual framework, annual report must be prepared in such a way th at it can be easily understood by the users of the annual report. Footnotes help the users to check which accounting standard has been used to calculate the value of different items in the financial statements. For example, IAS 16 or AASB 116 has been used to calculate the value of property, plant and equipment (Gray and Manson, 2007). The notes to financial statements are detailed information on how each accounting standards has been implements by the company and there are specific guidelines described under Generally Accepted Accounting Principles (GAAP) to prepare each notes to accounts. GAAP contains the defined set of accounting principles that need to be followed by the business entities for preparation of the financial statements and notes to financial statements (Bragg, 2010). The current performance of the Wesfarmers is very strong and notes to accounts have explained the performance of the company in the same manner as the financial statements of the company. For example, income earned from various CGUs of the company are combined and shown under the notes to accounts in very proper way so that it can be easily identified which unit has contributed more as compare to other. Notes to accounts are such that they must provide the real financial performance of the company. Any information has been missed in t he financial statements than it must be included in notes to accounts so that each and every financial data can be included in annual report (Wesfarmers: Annual Report, 2016). Wesfarmers has used the Australian GAAP to prepare the financial statements and notes to accounts. Australian GAAPs have been drafted after considering the IAS accounting standards. The IAS accounting standards have been drafted by the international accounting body and they are defined in such manner that requirement of each class of companies can be fulfilled together with the requirement of the users of the annual report. So it can be said that GAAP reflects the perfect pictures of the financial statement and also provide the base for the company where they can show financial data that are regarded as the key measures to success (Horngren et al., 2012). Also it must be noted that no rules is so perfect that there cant be any error. The Australian GAAP has although drafted from the IAS standards but there are some issues that need to be considered for revision (Wesfarmers: Annual Report, 2016). Every company has to disclose the information regarding their operating segments as profits from each segments has to be reviewed for analysis purpose. In case any operating segment is providing loss regularly than proper steps can be taken to reform the operating segment or close it down to shift the assets to the operating segment that is giving enough revenue. In the annual report of the Wesfarmers, there has been proper disclosure of the financial data from the operating segments. All these disclosures are made as according to the AASB standards (Wesfarmers: Annual Report, 2016). The major operating segments of the Wesfarmers are retail, department stores, industries and other operating segments. Retail operating segment is presented as the Coles and it is biggest unit in the Wesfarmers. There is sufficient disclosure regarding the operating segment like revenue earned through each operating segment and profit made after expenses incurred in respective segments. Complete financia l analysis can be conducted through financial information provided in the annual report (Wesfarmers: Annual Report, 2016). Potential Red flags in the annual report Although there have sufficient discourses in the annual report of the Wesfarmers but still some issues may pertain while preparing the annual report. This part of the assignment will define various issues that are included in the annual report and can be regarded as the potential red flag. While preparing the annual report various accounting judgments and assumptions have been taken that has impacted the material characteristics of the financial data (Mumba, 2013). The assumptions and judgments have been taken in the annual report that requires the need to provide sufficient disclosures regarding each financial item. It has been reviewed from the annual report that accounting transactions involved in the financial instruments have impacted the profitability of the company a lot. There has been increase in inventory a lot which is not satisfied with the small increase in the sales value. It can be judge from the income statement and the balance of the company (Bamberg and Spremann, 20 12). So there is requirement to provide how the inventory has increased a lot in the notes to accounts. Reasons must be sufficient enough to clarify why such increment has been done (Wesfarmers: Annual Report, 2016). It has been seen that there was unusual increase in net income as compare to cash flows from the operating activity because most of the sales are done on the basis of credit sales and there was enough balance available in accounts receivables (Horngren et al., 2012). In order to finance the operations company mainly dependent on the current assets and retained earnings left over in previous years. So it can be said that company has not used RD partnerships, SPEs or the sale of receivables to finance the operations. There has been no large assets write offs by the company that has impacted the value of fixed assets (Hussey and Ong, 2017). There are some adjustments related to the tax adjustments in the last fourth quarter of the annual reporting period. Auditor has provided the qualified reports with no changes to the annual report. There many related party transactions and it has been clearly provided under notes to accounts (Wesfarmers: Annual Report, 2016). Compliant with the Conceptual Framework The analysis of Wesfarmers annual report has revealed that it has effectively complied with the conceptual accounting framework principles in development of its financial reports. The normative theory of accounting has argued that financial information should possess the qualitative characteristic of relevancy, reliability and comparability in order to meet the objective of financial reporting. The normative theory of accounting has lead to the development of conceptual accounting framework to provide guidance to the business in developing high-quality financial reports that possess all the qualitative characteristics. However, the accounting policies and estimates used by the company are significantly influenced by the accounting standard-setting environment (Hoffman, 2016). The accounting policies developed by accounting board of various countries are in accordance with the political environment. There is significant different between the accounting policies of the board of various countries due to political context. The country-specific issues such as tax structure may impact the accounting procedures of Wesfarmers while it operates in different foreign countries. For example, Wesfarmers have made voluntary disclosures regarding the policies adopted by it for disclosing the tax structure. The company has voluntarily adopted a tax transparency code to decide over the matters relating to its tax structure (Wesfarmers: Annual Report, 2016). This is done by the company to comply with the conceptual accounting framework principles while operating in different countries. The company is making voluntarily disclosures for achieving its corporate goals and objectives of diversifying its business operations in different geographical units (Mirza, and Ankarath, 2012). Conclusion Thus, it can be said from the overall discussion that accounting policies and strategies plays a significant role in developing quality financial reports. The businesses should adopt the specific accounting policies that are in accordance with conceptual accounting framework principles in order to meet the needs and requirements of end-users. The analysis of accounting policies of Wesfarmers has indicated that the company has maintained high-quality in its financial reports by disclosing all the relevant information as per the conceptual accounting framework principles. The management of the company has also incorporated some discretion while deciding over the matters related to incentive policies and competitive policies. The flexibility in the accounting framework is required by businesses to achieve their strategic goals and objectives. However, the Board of Directors must ensure that the discretion power provided to the management should not distort the financial performance in a ny way. References Albrecht, D. 2010. Economic Consequences and the Political Nature of Accounting Standard Setting. [Online]. Available at: https://profalbrecht.wordpress.com/2010/01/06/economic-consequences-and-the-political-nature-of-accounting-standard-setting/ [Accessed on: 25 September, 2017]. Bamberg, G. and Spremann, K. 2012. Agency Theory, Information, and Incentives. Springer Science Business Media. Bragg, S. 2010. Wiley GAAP: Interpretation and Application of Generally Accepted Accounting Principles 2011. John Wiley Sons. Gray, I. and Manson, S. 2007. The Audit Process: Principles, Practice and Cases. Cengage Learning EMEA. Henderson, S. et al. 2015. Issues in Financial Accounting. Pearson Higher Education AU. Hoffman, C.W. 2016. Revising the Conceptual Framework of the International Standards: IASB Proposals Met with Support and Skepticism. World Journal of Business and Management 2 (1), pp. 1-32. Horngren, C. et al. 2012. Financial Accounting. Pearson Higher Education AU. Hussey, R. and Ong, A. 2017. Corporate Financial Reporting. Springer. Kenny, G. 2009. Diversification Strategy: How to Grow a Business by Diversifying Successfully. Kogan Page Publishers. Knight, J. 2004. Internationalization Remodeled: Definition, Approaches, and Rationales. Journal of Studies in International Education 8 (5), pp. 5-29. Marley, S. and Pedersen, J. 2015. Accounting for Business: An Introduction. ed, 2. Pearson Higher Education AU. Mintz, S. 2013. Accounting for the Public Interest: Perspectives on Accountability, Professionalism and Role in Society. Springer Science Business Media. Mirza, A. and Ankarath, N. 2012. Wiley International Trends in Financial Reporting under IFRS: Including Comparisons with US GAAP, China GAAP, and India Accounting Standards. John Wiley Sons. Mumba, C. 2013. Understanding Accounting and Finance: Theory and Practice. USA: Trafford Publishing. Pietra, R., McLeay, S and Ronen, J. 2013. Accounting and Regulation: New Insights on Governance, Markets and Institutions. Springer Science Business Media. Sheridan, T. 2016. Managerial Fraud: Executive Impression Management, Beyond Red Flags. Routledge. Wesfarmers: Annual Report. 2015. [Online]. Available at: https://www.wesfarmers.com.au/docs/default-source/reports/2015-annual-report.pdf?sfvrsn=4 [Accessed on: 26 September, 2017]. Wesfarmers: Annual Report. 2016. [Online]. Available at: https://www.wesfarmers.com.au/docs/default-source/reports/2016-annual-report.pdf?sfvrsn=4 [Accessed on: 26 September, 2017]. Wolk, H., Dodd, J. and Rozycki. J. 2012. Accounting Theory: Conceptual Issues in a Political and Economic Environment. SAGE. Woolworths: Annual Report. 2016. [Online]. Available at: https://www.woolworthsholdings.co.za/downloads/2016/WHL-Integrated-Report-2016.pdf [Accessed on: 26 September, 2017].

Scapegoat Theory of Prejudice Essay Example

Scapegoat Theory of Prejudice Paper A theory refers to a set of beliefs or perceptions that people have over certain issues and they have either been proved or not. There are many theories that many philosophers and psychologists have come up with and among them are those that relate to prejudice. Prejudice is an irrational and rigid term that is used to categorize those people who are termed as rigid and irrational. There are terms that are associated with prejudice and they are include a stereotype-which is a belief of a group of people, prejudice-are negative prejudgments of a group and its individual members, discrimination-means a negative behaviour which is directed to a particular member of a group due to the perception of a negative behaviour he or she exhibits. From these definitions stereotypes can be positive or negative, accurate or inaccurate while prejudice is normally in a negative direction only. Discrimination however is the behaviour that an individual portrays in one of these conditions. Prejudices are therefore prejudgments about individuals and can either be negative or positive. Prejudice can be measured by looking at an individual’s behaviour or assessing an individual and coming up with a report. The theories that are related to prejudice include the cultural theory, the conflict theory, the scapegoat theory and the authoritarian personality theory. The scapegoat theory is a theory that suggests that people who are frustrated are driven to prejudice. We will write a custom essay sample on Scapegoat Theory of Prejudice specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Scapegoat Theory of Prejudice specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Scapegoat Theory of Prejudice specifically for you FOR ONLY $16.38 $13.9/page Hire Writer This theory has a strong perception that prejudice is more common among people who are more disadvantaged in the society, in essence this theory indicates that a scapegoat is a person or a group of people who have less influence in the society and are always complaining because of their own troubles. The term scapegoat obtained its meaning from the ‘scapegoat’ which is a goat that was used for ceremonial purposes in Jerusalem and other religious centers. The goat was driven off to the wilderness and sacrificed so that its blood could be used to cleanse. More often, because of the innocence of the scapegoat i. e. the individual whose character is driven by prejudice, he is punished and blamed because of others wrong doings. When a problem occurs to a normal human being he likes to blame others. The scapegoats normally take aggressions of other people, who are often regarded as bullies because they use their power to outdo those who cannot resist. A character of an individual is often shaped by scapegoatism because once an individual has been termed as a scapegoat; it can be difficult to shake off the title away from him. The origin of the word scapegoatism has a connection with Christianity; the original usage of the term therefore gave the word the current meaning and usage that is attributed to the term today. There are several fields that the theory of scapegoatism can be applied today and it includes Christianity, sports, psychoanalytic theory and sociological/ political orientations. In Christianity the theory of scapegoat is very relevant because it signifies the taking away of the human kind sins by Jesus Christ on the Cross. The story is told in the bible in the book of Leviticus where Christ is symbolized as a goat taken to wilderness outside the city and killed so that its blood can be used to appease the clan that had sinned. Scapegoat’s theory according to Girard states man as having a problem with violence. The constant want for more by an individual often makes an individual to cause conflict in the society because of lack. This scenario is caused because both parties between individuals can involve themselves in a conflict that is meant to make them satisfy their needs. This issue, as it grows in the society causes the individuals to indulge in scapegoatism mechanism, i. e. the point when an individual is sidelined in the society because of the trouble that he has caused in the society. The punishment often involves killing or expelling the individual from the society. When the scapegoat has been eliminated from the society, the balance of power and order comes back again and the cycle begins i. e. new scapegoats develop this character and the same process of expelling repeats itself. Political and social organizations utilize the use of this term majorly in situations which the individual is out at a risk of death or lack of performance. In politics, scapegoatism is a good tool for propaganda i. e. spreading wrong information about someone in the society. An example is the use of the term in the modern history of the Jews where the Nazi group singled out the Jews as the source of the German post world war one political collapse and problems in the economic and social structure. In the social setup the use of the theory of scapegoatism has undesirably effects to the minority group who are less able to defend themselves. In developed societies the use of negative use of the term to sideline the minority groups is increasingly being addressed. In sports issues the theory of scapegoatism is evident in some historic scenarios ever recorded. One case is the scapegoat of Buckner in the 1986 World Series baseball that he was the responsible for the loss of the game. In 2003 national league championships, Bartman Steven was blamed for interfering with a ball that would have been recorded as a foul in the Chicago basketball. Another case also was the loss of the 2004 ice hockey championships by the Canadian team; the blame was directed to Fleury who was the goalkeeper. There are other several cases that this theory applies in sports. Psychoanalytic theory has reservations that the feelings and reasoning of an individual can be directed to an individual in a particular situation thus making the person whom the aggression is directed to as the scapegoat. In this case the individual becomes the source of the problem and will therefore bear the consequences.

Example Business Proposal As Effort to Obtain Growth Captial †Business Paper

Example Business Proposal As Effort to Obtain Growth Captial – Business Paper Free Online Research Papers Example Business Proposal As Effort to Obtain Growth Captial Business Paper Thank you for your interest and granting me an exploratory meeting. In the meeting I was asked several questions. Below are the questions asked and a clarifying answer. It is our interest to continue forward in speaking with you in what may become a beneficial business agreement for all parties concerned. 1.Why is investing in Antique Properties a solid idea? We are a proven entity. We are the largest advertiser of historic properties on the inter net; with a national account currently worth $36,000 a year and numerous smaller accounts. We come with solid credentials, references and resumes. Probably most important, is what we are not, an idea on a piece of paper. 2. How is money made on the Internet? Money is made by impressions; click throughs, paid referrals, and the selling of merchandise, service, and information. Money is also made indirectly by name recognition i.e. Doritos’s creates a great game to play for free at their website. People of all ages play the games and Doritos get great name recognition. 3. How does Antique Properties LLC Make Money? Our expenses and revenues are proportionally tied together. We generate revenues by selling ad space to agents, agencies, corporations, and homeowners on our website. Pricing is $39.95 per listing per month, $149.95 per office, per month, unlimited listings. We have association discounts and a corporate rate, where we allow corporations to advertise their property listings for free on our website and charge them a $1.00 per referral that we forward to them. Currently we have a corporate account that will pay us up to $3000 per month for referrals. Summary of where revenues come from. 1. Ads paid per listing, per month 2. Or $1.00 per referral sent to our corporate account 3. Renewals Our immediate goals 1. Generate 3000 referrals per month 2. Additional monthly listing to create a renewal base 3. New business. 4. Publish Restoring a Treasure Magazine in April of this year. (Please see details below) We are currently exploring an additional revenue source. By the end of this month we will be testing a referral fee method of payment with a large agency in Massachusetts. We get paid if the referral we send to them buys a property through their agency or an agency they referred the business to. It does not have to be the same property they saw at our website. Example, they sell $1,000,000 in Realestate to buyers we referred to them. A 5% commission is paid=$50,000 commission. If it is all co-brokered the agency receives $25,000; antiquerealestate.com’s commission would be %25 of that figure. 4. How do we obtain our Immediate Goals? Operations? How do we get to three thousands referrals? We have already hit a milestone of over 250,000 hits per month. Hits are important because it tells us that unique visitors that show up at our website are staying and flipping through our pages, a unique visitor is someone who has not come to our website within 30 days. A. Increase unique visitors to our website and increase the number of property listings posted at our website. We average around 2000 unique visitors per month and have approximately 500 listings. We know that we can spend a fixed amount on advertising on the web and get a fixed number of individual click through/unique visitors to our website. A click through is when an individual searches the web finds our URL clicks on it and comes to our website. B. Spend 500 per month, with an average click through cost of .06 we can increase our unique visitor count to 10,000 Currently we have approximately 500 listings that produce approximately 100 referrals per month with approximately 2000 unique visitors viewing our website every 30 days. C. Increase the unique visitor count to 10,000, which in turn would increase our referral count to 500. D. Our national account has approximately 3000 listings they are uploading on our website over the next 3 months. That in turn will increase the referral count another six times to 3000. The scenario stated above creates $3000 in revenues from our national account. It would also generate additional leads to our homeowners, agent and agency accounts thus making renewals a revenue source we can count on. New business and renewals have been averaging approximately 500 per month. New business. This is just the beginning. Lets go back to the paragraph on how one makes money on the Internet. All of those options are available to us, impressions, click through, selling information†¦ We are planning to implement a resource page of contractors related to restoration fields such as architects, lenders, lawyers all of which would pay to advertise on our website resource page. Already, Lendingtree.com has contacted us as well as several attorneys who work in the tax credit business. Restoring a Treasure Magazine is designed to promote the website and to give our company a â€Å"Brick and Mortar feel to it† Potentially 1.8 million people will see or read our publication and 1% or 18,000 of our readers will visit our website. The magazine project is completed and we are selling ad space. It is a quarterly magazine with 600,000 in distribution. We have contacted by mail and phone over 500 possible advertisers across the country. That list has been narrowed to approximately 60 who have shown interest. Our goal is to go to print in April and distributed in early May. Approximate cost is $50,000 for printing and $40,000 for insertion into regional county newspapers. Potential revenues are $120,000 per issue. Operations 1. We will expand our telemarketing program to reach the real estate agents who have older properties to sell. 40hrs per month at a cost of $25 per hour will be dedicated to this effort, a $1000 expense. At a rate of one listing per hour at $40 per listing, this activity will generate $1,600 per month in revenue. We will increase this activity every month by 10 hours for the next twelve-month. This activity will be generating $6,400 per month by the end of the next twelve months. 2. Conduct targeted online marketing to increase our unique visitors to 10,000 monthly and total hits to 1,000,000+. Cost $500 per month. Revenues produced from this activity will be $3,000 per month. Based upon current proportional numbers. 10,000 unique visitors will generate 3,000 referrals to United Country, whom we are charging $1.00 per referral. It will also drive sales in our phone bank. 3. Phone Bank, for incoming cost is $1,500 per month. Revenues from this activity will be, 40 hrs per week, one sale per hour=160 sales per month at $40 per sale=$6,400 per month 4. In house sales for National Trust and ERA account will be $1,500 per month. 300 agents x 20% market penetration=60 agents listing one property at the association price of $25 per listing=$1,500 per month. We will see 10% market penetration growth every month for three months. 5. Web site development, to include; additional management reports, some misc. programming and additional web site searches. $3,000 will go to web development 6. A Resource button for related business to advertise by state, region, and nationally with the listings in the respected areas, this cost is included in the web site development cost. Revenues generated from this are undetermined at this time and have not been added on the income statement. (However, if we create 10 different categories such as lending institutions, construction companies, architects†¦etc and allow three advertisers/resources per category per state, at $10 per listing, that would generate 30 advertisers per state X $10 X 50 states=$15,000 in revenue.) 7. Referral based Commissions from test market study in Mass. The agent in MA would act as a clearinghouse for the referrals sent to him. His responsibility is to input the referral into the relocation network and distribute the referrals to the corresponding area agent involved in relocation referrals. He is also responsible for cutting the commission check to us. 8. Employment contract will include salary plus commission, bonus and health insurance. 9. Restoring a treasure magazine is a consortium of effort put forth by outsourcing to local contractors, (a list of those involved can be provided). Printing and shipping is conducted by Quebecor it is distributed through 600,000 local newspapers. 100,000 in and around the Boston, MA area, 100,000 in the Fairfield and New Haven County area, 100,000 Westchester, NY area, 100,000 in the Princeton, NJ area, 100,000 in the Philadelphia, PA area and 100,000 in the Chesapeake Bay, Maryland area. 5. What milestones need to be reached and what is the exit strategy? We are seeking a cash infusion of $150,000 at $25,000 increments at quarterly intervals for the next six quarters. The first $25,000 will be invested in January; additional quarterly investments will be contingent upon meeting the following Milestones. Although, the revenue projections stated above are realistic and based upon sound business projections, I have chosen to make the milestones based upon current business conditions. With increments in revenues also based upon conservative revenue calculations. 1. End of first 90-day period. Antique Properties LLC will have revenues of at least $3500 per month. Unique visitor count of at least 10,000. 2. End of 2nd 90-day period. Revenues of at least $5,500 per month will be reached 3. End of 3rd 90-day period. Revenues of at least $7,500 per month will be reached. 4. End of 4th 90-day period. Revenues of at least $9,500 per month will be reached. 5. End of 5th 90-day period. Revenues of at least $11,500 per month will be reached. 6. End of 6th 90-day period. Revenues of at least $13,500 per month will be reached. Exit strategy 3, four years from now, based upon the above stated milestones with similar growth over an additional 12 quarters would put revenues at approximately $34,000 per month. Minus out a supposed expense figured of $10,000 per month. 12 X $24,000= approximately $300,000 in annual profits. Using a basic valuation technique of five times profits = a company value of $1.5 million. Research Papers on Example Business Proposal As Effort to Obtain Growth Captial - Business PaperAnalysis of Ebay Expanding into AsiaDefinition of Export QuotasThe Project Managment Office SystemPETSTEL analysis of IndiaThe Relationship Between Delinquency and Drug UseLifes What IfsThe Hockey GameResearch Process Part OneThe Effects of Illegal ImmigrationOpen Architechture a white paper

Bassanio and Portia in William Shakespeares The Merchant of Venice

When I met for the first time with Welliam Shakespeare's Venezian merchant Bassanio and Portia Bassanio, he asked his best friend Antonio for money. We learned that Antonio previously borrowed money from Bassanio and that his life was wasted beyond his ability. Bassanio told Antonio: Probably to some extent, Bassanio is using Antonio's money; it is unreasonable for him to seek any further before repaying his previous debt. Portia may be the smartest character on William Shakespeare's Venice Merchant. She gave Bassanio a ring to express their love and told him not to lose it or give up in any circumstances. After that, Possia served as a lawyer and defended friend Bartonnan Antonio. As a payment, Portia (still disguised) asked Bassanio to get a ring. Bassanio gave up. Portia knows what happened, but because Bassanio does not know, this is a dramatic ironic example; Posia accused him not to love her enough later. Love story of William Shakespeare Merchant of Venice The merchant of Veni ce is a game of love and hatred. Since we were introduced to the hero of the drama, the love plot began to develop in Acts 1 and 2. Bassanio is a friend of Antonio, Antonio is a champion of the show. Bassanio is a young man who introduced a childish personality at the beginning of the game. - The beginning of the story is to understand what the earth's life will be like in the next century. The first picture is that a mouse lies on the mountain trash mountain, so eating that person's rotten leg. Then a man decided he had decided to cut his leg to save himself When William Shakespeare wrote a merchant in Venice, he included a female character that influenced the drama. In most Shakespeare plays women have little power and wisdom. But in Venetian merchants Portia is a woman who saves men's life with wisdom and wisdom. Another woman created by Shakespeare has the same quality as Persia, Beutrice of Nothing about from Much Ado. Two women joined the theme of the drama because they were a ble to have love using their wisdom and witty remarks. Since Portia seems to be placed on a pedestal that rarely reaches, women have many similarities and many differences seem inevitable. Bassanio and Portia in William Shakespeares The Merchant of Venice William Shakespeare's Bassanio and Posia's Venetian merchant store In this article I write an article about Bassanio if he thinks he deserves a beautiful, intelligent and skilled Bosnian. Throughout the game, Portia is clearly the most capable and intelligent person ever, she always has a long time in the game. It was quite obvious that when she pretended to act as the judge of the fifth act, it made him remove the very big mess that Antonio made for himself when stupid. It is the same in the game. Portia may be the smartest character on William Shakespeare's Venice Merchant. She gave Bassanio a ring to express their love and told him not to lose it or give up in any circumstances. After that, Possia served as a lawyer and defended friend Bartonnan Antonio. As a payment, Portia (still disguised) asked Bassanio to get a ring. Bassanio gave up. Portia knows what happened, but because Bassanio does not know, this is a dramatic ironic example; Posia accused him not to love her enough lat er. Love story of William Shakespeare Merchant of Venice The merchant of Venice is a game of love and hatred. Since we were introduced to the hero of the drama, the love plot began to develop in Acts 1 and 2. Bassanio is a friend of Antonio, Antonio is a champion of the show. Bassanio is a young man who introduced a childish personality at the beginning of the game. - The beginning of the story is to understand what the earth's life will be like in the next century. The first picture is that a mouse lies on the mountain trash mountain, so eating that person's rotten leg. Then a man decided he had decided to cut his leg to save himself When William Shakespeare wrote a merchant in Venice, he included a female character that influenced the drama. In most Shakespeare plays women have little power and wisdom. But in Venetian merchants Portia is a woman who saves men's life with wisdom and wisdom. Another woman created by Shakespeare has the same quality as Persia, Beutrice of Nothing abo ut from Much Ado. Two women joined the theme of the drama because they were able to have love using their wisdom and witty remarks. Since Portia seems to be placed on a pedestal that rarely reaches, women have many similarities and many differences seem inevitable.

Apple Case Study Essay Example | Topics and Well Written Essays - 750 words

Apple Case Study - Essay Example The security of the employees is highly enhanced at Apple such that they are not free to shed light to the outsiders on what goes on inside the company. Apple’s CEO, Tim Cook leadership style is described as a methodical and no-nonsense style. He makes tough decisions to be followed by the employees. If Tim Cook continues to be the CEO, negative comments upon him will not change because he is very ruthless to employees at work and has fired a company head of iOS development that had launched the iOS for the consumers. If I am a highly qualified software developer, I would like to work with Apple despite the harsh treatment of employees because they promote and secure the innovativeness of employees which is my dream career in designing the best software in the world. According to Apple’s vision statement, employees are ranked as creators of structures and systems in order to ensure that the products produced can fully satisfy the consumers. Apple has introduced digital music revolution with iPods, iTunes and iPads which has given the consumers future expectations of high tech devices. The strategic plan of Apple in identifying the strengths, weaknesses, opportunities and threats of the company in future is a good take since it will improve its interaction with the consumers through introduction of more retail outlets (Hitt, Hoskisson and Ireland, 2013). Apple’s business philosophy of following the loyal customers and management of human resources has been the key objective during Steve Jobs leadership and today when Cook is the CEO. The business philosophy seems to be the same even after Cook took over from Jobs may be because Cook at this moment is struggling to follow the footsteps of his predecessor. The commanding of employees at work seems to be the same as that of Jobs. Lashinsky view on the Apple’s organizational structure seems better than the Apple’s 10K because it focuses on division of labor which increases