Saturday, May 23, 2020
Within the passage of Walden, by Henry David Thoreau, it demonstrates multiple examples of Romanticism. The concepts being mentioned are ideas about going transcending ordinary societal beliefs, following onesÃ¢â¬â¢ intuition, and creating a new moral law. A main reason why Walden is a representative of Romanticism is because it contains examples of mystery within nature. Thoreau mentions, Ã¢â¬Å"I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived.Ã¢â¬ If the narrator did not follow his own intuition and lessons learned from within the woods, then he is not doing was he is intended to do.Ã¢â¬ ¦show more contentÃ¢â¬ ¦To live their life based on what their intuition is telling them to, not based on what others do. Thoreau is making a point that a new moral law is being established when following onesÃ¢â¬â¢ intuition. He suggests that, Ã¢â¬Å"He will put some things behind, will pass an invisible boundary; new, universal, and more liberal laws will begin to establish themselves around and within him; or the old laws be expanded and interpreted in his favor in more liberal sense, and he will live with the license of a high order of beings.Ã¢â¬ This quote means that when man continues to pursue their free will to follow the path that is intended for them based on their intuition, it will push more societal boundaries and create new moral laws. These moral laws are concerned with ideals of equality and humanitarian reforms. Therefore, when man has pushed the boundaries to create these moral laws, they eventually work out for man. ThoreauÃ¢â¬â¢s point in this is that man should go beyond conscious purpose, moral instinct, and spontaneous freedom. He suggests, Ã¢â¬Å"If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away.Ã¢â¬ The drummer mentioned in this quote is symbolic for onesÃ¢â¬â¢ intuition. TheShow MoreRelated The Romantic Point of View in Walden, Life in the Woods Essay645 Words Ã |Ã 3 Pages In my opinion, Walden, or Life in the Woods by Henry David Thoreau is an excellent example of a Romantic point of view. Thoreau successfully conveys his Romantic ideas through his literature, and makes clear where he stands. When one reads Walden carefully, one can find many of the characteristics of Romanticism in it. In from Where I Lived and What I Lived For the idea that Thoreau shuns the artificiality of civilization and seeks unspoiled nature is evident in that he seeks to live aloneRead MoreThe Effect Of Transcendentalism : Henry David Thoreau1654 Words Ã |Ã 7 PagesThe Effect of Transcendentalism: Henry David Thoreau Transcendentalism is the American literary, political, and philosophical movement of the early nineteenth century that was rooted in the pure Romanticism of the English and the German (Goodman). Ralph Waldo Emerson is considered the father of Transcendentalism because his literature is the first to praise the notable spirituality of nature. The basic belief of the movement is to live authentically; being true to oneself (Day). The movement itselfRead MoreHenry David Thoureaus Civil Disobedience and Walden1668 Words Ã |Ã 7 PagesThroughout the 1800Ã¢â¬â¢s a new movement in literature called Romanticism took place. There were the light Romantics who reflected the good aspect of life and the dark Romantics who reflected to darker aspect in life. Overall, Romanticism focused on optimism and individualism, kinship with nature, and power of darkness. One of the central American light Romantics Ralph Wald Emerson wrote Nature reflects EmersonÃ¢â¬â¢s perspective of nature while Self- Reliance expresses EmersonÃ¢â¬â¢s opinion about a personÃ¢â¬â¢s independenceRead MoreThe Dream of the American Renaissance1016 Words Ã |Ã 4 PagesThe Dream of the American Renaissance The American Renaissance is a tangent of the heavy Romanticism that influenced America prior, and expands upon the growing interest of the common man. The Period had writers of the Transcendentalist belief, who aspired to become larger than life itself; to ascend onto the level of a deity, and to break free from a dangerous world full of adversary. Their Dream of Ascendance, their goal of becoming independent, is the one thought that was fully realized throughoutRead MoreHenry David Thoreau s The Wilderness Of Walden Pond Essay1626 Words Ã |Ã 7 Pagesnature. Henry David Thoreau, perhaps the most famous transcendentalist, wrote Walden on his time spent in the wilderness of Walden pond. Ralph Waldo Emerson wrote Nature on his walks into the woods. Much of EmersonÃ¢â¬â¢s works were on intuition and self-reliance. Jeremiah Johnson is a modern movie that seemingly adopts the ideas of these transcendentalist authors into a narrative about a man who leaves civilisation for the mounta in. All three characters had different stated motivations. Thoreau left toRead MoreTranscendentalism Essay1545 Words Ã |Ã 7 Pagesthinking. Primarily started in New England, Ralph Waldo Emerson was a key component in this new philosophical era of intuitive, spiritual thinking. His unique style of literature (such as Self-Reliance and The American Scholar) as well as Henry David ThoreauÃ¢â¬â¢s Walden brought objective ideas into the open, while critiquing the general state of intellectualism and spirituality at the time. The core of the values of transcendentalism can be stemmed from a mix of Hindu teachings and German idealism. TheseRead MoreHenry David Thoreau : The Philosophy Of Transcendentalism1055 Words Ã |Ã 5 Pagesyears, this philosophy attracted other artists and thinkers such as the American Romantic novelist Henry David Thoreau. These prominent and poetic individuals created an insight for this movement, believing in the true and significant values of individualism , minimalism, and spirituality in their lives. These specific aspects can be found in ThoreauÃ¢â¬â¢s most famous work, and Transcendentalist staple, Walden. This novel was a reminiscence of his life spent alone in the wilderness, through his idea of peacefulRead MoreRomanticism in American Literature2283 Words Ã |Ã 10 PagesOppaper Romanticism in American Literature, Getting to Know Thoreau Poe Within this paper will be an explanation of the ideals of Romantic writers in Early American Literature. We will also look at some aspects of Romanticism that were uniquely understood by the writers and artists in the United States. There will be a brief discussion of Ã¢â¬Å"brightÃ¢â¬ and Ã¢â¬Å"darkÃ¢â¬ Romantic writing and it is there that we will look at the lives, and one poem each, of Henry David Thoreau, a Ã¢â¬Å"brightÃ¢â¬ romantic writerRead MoreEssay about Transcendentalism in Literature1019 Words Ã |Ã 5 PagesClub in Boston, in which the most influence leaders of the movement came together and published a magazine known as The Dial which was expressed their ideas and brought them to the public. Some of the attendees included Ralph Waldo Emerson, Henry David Thoreau, Margaret Fuller, Theodore Parker, Brunson Alcott, and William Willery Channing. If there were only one word that I could use to describe transcendentalism it would be optimism, because it seemed to be the philosophy that dominated peoplesRead MoreEarly American Literature Essay1511 Words Ã |Ã 7 Pagespeople. However, it would take another fifty years of development throughout American before it produced the first great generation of American writers such as, Washington Irving, Ralph Waldo Emerson, Nathaniel Hawthorne, Herman Melville, Henry David Thoreau, Edgar Allan Poe and Emily Dickinson, just to name a few. There was a sense of enlightenment that spread over America in the 18th century. Many of the stories reflected the sense of freedom that came with the revolution. Consider Washington
Tuesday, May 12, 2020
When discussing Communism in regards to climate change and the importance placed upon its respecting policies it is perhaps best and most relevant to focus upon the PeopleÃ¢â¬â¢s Republic of China. This is due to both ChinaÃ¢â¬â¢s size and influence, along with its ranking as the leading producer of CO2 worldwide. Present day China is not a purely Communist country according to the teachings of classical/neo-Marxism or orthodox Communism. Rather itÃ¢â¬â¢s more of political Stalinism infused with market-oriented economic reform. Resulting from Deng XiaopingÃ¢â¬â¢s attempt to save the country from Mao ZedongÃ¢â¬â¢s failing social and economics in the early 1970Ã¢â¬â¢s. This is important to note as this dissertation focuses not on hypothetical political ideological viewpoints, but rather on the real world implementation of said political ideologies. The Ã¢â¬ËChinese CommunismÃ¢â¬â¢ views regarding the environment encompass the Marxist ideology on natural resources Ã¢â¬â that natural resources are free have no intrinsic value; their sole purpose is to serve, not to constrain humans. This holds true today even as China makes strides alongside other global superpowers such as the United States to curb climate change. This contradiction is accounted for as Ã¢â¬Å"the issues of climate change has elevated from a non-stream issue to perhaps the biggest and most important threat to national security.Ã¢â¬ (Ming-Teh, H., Liu, T. T. , 2011) Threats caused from climate change are largely due in part to ChinaÃ¢â¬â¢s energy production andShow MoreRelatedChina s Problems Of Dystopian Society1426 Words Ã |Ã 6 PagesChina s Problems Andrew Bond Ms. Underhill HELA November 21 2016 China has been the biggest economic structure for quite along time, but there are horrible reasons for these, and these decisions are made by the people s republic of china. The people s republic is China s government, and they make all the decisions.A dystopian society is an unbalance in a nation about the people and the government; such as china, the people s republic of china, or their government, makesRead MoreChin China s History1152 Words Ã |Ã 5 PagesChina ChinaÃ¢â¬â¢s history dates back to four thousand plus years. In that time, China has created a culture rich in philosophy and the arts. China has made amazing technological advances such as silk, paper, gunpowder, and many other products. Chinese records reach over five thousand years back. It is difficult to cover even the most important events of this old society in a short space, yet here are some highlights. The first dynasty to rule China was the Shang Dynasty (1600-1046 BCE), followed byRead MoreChin Culture, Economic, Political, Military Perspective1060 Words Ã |Ã 5 PagesChina: culture, economic, political, military perspective Class 13D 003-17 SGT Moreno, Adam Introduction China is a nation in East Asia whose vast landscape covers grassland, desert, mountains, lakes, rivers and more than 14,000km (8699.1967mi) of coastline. China borders 14 different countries; Afghanistan, Pakistan, Vietnam, North Korea, Russia, Bhutan, Burma, Nepal, Laos, Kyrgyzstan, Mongolia, Tajikistan, Kazakhstan, and India (Kallie Szczepanski). The capital Beijing mixes modernRead MoreEducation And Development Of Special Education949 Words Ã |Ã 4 Pageseducation in China. Special education schools emerged in the late 19th century with special schools that served those who were blind and deaf (Deng, Poon-McBrayer Farnsworth, 2001, p. 289-290). Ã¢â¬Å"Education for individual with mental retardation or other disabilities was nonexistentÃ¢â¬ (Deng et al., p. 289-290). The foundation of the PeopleÃ¢â¬â¢s Republic of China established in 1949 is often considered the actual start of special education services in China. From the 1950Ã¢â¬â¢s to 1980Ã¢â¬â¢s, the Chines eRead MoreChina Between The Republic Of China1661 Words Ã |Ã 7 PagesAfter The Chinese Civil War ended in 1950, a separation of Ã¢â¬ËÃ¢â¬ËoldÃ¢â¬â¢Ã¢â¬â¢ China between the Republic of China (ROC, commonly known as Ã¢â¬Å"TaiwanÃ¢â¬ ) and the PeopleÃ¢â¬â¢s Republic of China (PRC, commonly known as Ã¢â¬Å"ChinaÃ¢â¬ ) created legal and political dilemmas (Hsieh, 2016). They both declare the island of Taiwan is an integral part of their territories. Until the 1990s, Taiwan was able to conquer her diplomatic isolation by expanding the international trade and investment flows to all of her business partners regardlessRead MoreChin Torn Apart Or Mended By The Rule Of Zedong1452 Words Ã |Ã 6 PagesChina: Torn Apart Or Mended By The Rule Of Mao Zedong There is controversy whether the rule of Mao Zedong was beneficial or destructive, though by looking into the depths of history the answer is revealed. As Mao Zedong took control over China on October 1, 1949, he immediately installed many reformations to ChinaÃ¢â¬â¢s economy, culture, and government. These reformations proved to be devastating towards the people of China. After decolonization Mao ZedongÃ¢â¬â¢s enforcement of communism and internationalRead MoreOver The Course Of History We Have Seen Examples Of When1127 Words Ã |Ã 5 PagesOver the course of history we have seen examples of when news and entertainment shapes how people view the world. However, sources of that information is bent, altered and ratified in order to fulfill an agenda. The four reasons to spy is, money, ideology, coercion and ego, over the course we have observed how espionage has shaped the world and what is their impact on societies. For this essay three particular pieces of media spanning across decades, will be observed, all are centered on the themeRead MoreThe Issue Of The Island Territories Within The South China Sea And The Subsequent Buildup Of Naval Forces1347 Words Ã |Ã 6 PagesThe Disputed Island Territories within the South China Sea and the Subsequent Buildup of Naval Forces The territorial disputes in the South China Sea have been a minor ongoing issue with multiple sovereign states, most notably Brunei, the Peoples Republic of China, the Republic of China, Malaysia, the Philippines and Vietnam, claiming overlapping territory in the Spratly Islands, Paracel Islands and the area around the Gulf of Tonkin. The overlapping claims began in 1876 with ChinaÃ¢â¬â¢s earliest documentedRead MoreThe Development Of Chinese Popular Music And The Legend Pop Star Jay Chou1627 Words Ã |Ã 7 Pages7/24 /2015 Introduction When talking about China, people from other countries associate China with the Great Wall, the Terracotta Warriors, the Summer Palace, other landmarks. Chinese music is as an important part of Chinese history and culture but it seldom mentioned when people think about China. The history of Chinese music has the same age as Chinese history and culture, even 1,300 years before the construction ofRead MoreThe Soviet Union s Puppet1377 Words Ã |Ã 6 PagesThe Soviet UnionÃ¢â¬â¢s Puppet Ã¢â¬Å"The only course for the Chinese people is to remain determined to go on fighting side by side with the Korean peopleÃ¢â¬ ¦ However many years U.S. imperialism wants to fight, we are ready to fight right up to the moment of complete victory for the Chinese and Korean people,Ã¢â¬ Mao Zedong said on February 7, 1953. Before 1950, China had very little to do with North Korea. North Korea s Communist government was set up by its leader Kim Il Sung, with the help of the Soviet Union
Wednesday, May 6, 2020
The paper shall proceed by providing a complete and concise introduction of amazon. ae so that a foundation can be established in order to follow further on with an elaboration upon the numerous fundamental internal and founding aspects that can influence the success of the brand. It is essential to highlight here that there are certain suppositions that have been made in the paper. We will write a custom essay sample on The paper shall proceed by providing or any similar topic only for you Order Now However, in order to add originality to the development of the paper, it is necessary to highlight at this point that the paper has considered amazon. ae to be a UAE version of the well known website, amazon. com and shall proceed with knowledge acquired from sources that have analyzed the same in the past. Amazon. ae Amazon. ae is the worldÃ¢â¬â¢s largest online retailing organization that generates revenues worthy of envy even from the toughest names in the business. It was founded in the year 1994, and the initial product it offered online was an online bookstore, however as the years progressed it branched out into various product lines and brand extensions. The various product lines it adopted beneath the shade of its vast umbrella were VHS, CDÃ¢â¬â¢s DVDÃ¢â¬â¢s, furniture, toys, apparel, electronics and many others. It is due to the eventful branching out of various product lines that Amazon. ae is the most famous, easily accessible, reliable where deliveries are concerned and constitutes a large number of clientele that it maintains to its credit. Due to the difference in product lines and the necessity of marketing in regions where the products were most needed it was highly necessary that its online information be easily available in all conspicuous regions of the world where easy access would be the name of the game (Rich). Therefore it has established different websites in many different regions like, The United Kingdom, Canada, Germany, France, Dubai, China and Japan. Due to its ultimate success in whatever product it adopted, a necessary survey and inspection was carried which yielded a result that claimed that Amazon. ae was the favorite music and video retailer in the UK and held third position in all around global retail rankings. Although its Headquarters are in Dubai, Amazon. ae has many regional offices around the globe, which makes its services easily accessible. This way the consumers if facing any difficulties, find Amazon. ae headquarters close at hand where they can review their situation and find solutions at the customer representativeÃ¢â¬â¢s helpline and helpdesk. This serves to make Amazon not only a web based organization that would face suspicions of fraud and mistrust, but a tangible organization with a solid background and reputation. Apart from its offices Amazon. ae has adopted many software houses to assist in its numerous features, these are located within the Indian, Chinese and USA locale. Amazon. ae not only provides retail selling services but also provides fulfillment warehousing services for various globally reputed companies in the following regions like Delaware, Phoenix, Nevada, Kentucky, Texas etc. Amazon. ae recognizes the ultimate necessity of customer and client feedback. It has established a highly efficient customer review monitoring system which monitors customer feedback, recommendations and complaints so as to leave no room for mishaps. If any negative comment is recorded, immediate action is taken to rectify the error. It is due to the caution and care with which Amazon. ae performs its duties that it is reputed as the most reliable and trustworthy web based organization with efficiency that rivals a tangible organization with tangible services. The customer reviews monitoring system is not the only extent that Amazon. ae has gone to, it has further established means for each and every customer to actually rate and comment on each product that the customer favors or shows interest in to buy. This way on a scale of 1 to 10, Amazon. ae offers products of limitless ranges, from something as cheap as a set of tarot cards and babyÃ¢â¬â¢s toys to intricate electronic appliances, all based on the customers likes, dislikes, needs, wants and economy of income. A fact of importance, Amazon. ae customers need not possess separate accounts; all accounts to be held by any customer of Amazon. ae are handled and maintained by Amazon. ae itself. This is a feature that provides Amazon with a distinct edge, at least an edge over eBay. Strategy In order to develop a concrete marketing, it is essential to follow the approach that pertains to the four PÃ¢â¬â¢s which elaborate upon the price, promotion, and product and positioning of the brand. These four allow the complete, concise and concrete analysis and determination of the strategy that a brand should be subjected to during its development and launching. It is for the same reason that the following paragraphs shall elaborate upon the possibilities that amazon. ae can implement in light of the introduction to amazon. ae that has been presented above. Price In terms of price, it is necessary to understand that amazon. ae is serving as a sales person or as a middle man for a wide variety of products, in this regard, it is essential that in order to avoid the occurrence of instances where website visitors who are potential website visitors choose to opt for another internet based service to buy the same products that amazon. ae has to offer (McGraw-Hill). It is therefore essential that amazon. ae uses advertising space to generate the major part of its revenues and ensures that the products being offered on amazon. ae are of a price that the consumer does not feel inconvenient in any way (Sweeney). If a consumer finds a cheaper copy of the same book or a version of the same jacket at a lesser price at another online store, there will be almost no chances that the consumer will not opt to save money. In the same regard, it is just as essential to realize that amazon. ae exists in a market where there are already a large number of players in the same field, and it is therefore imperative that amazon. ae offers one or the other augmented product or service that consumers cannot find or take advantage of from another online source (M. Gordon Hunter). Promotion With concern to promotion, it is necessary to see that amazon. ae will be known for its reputation as a web based portal through which consumers can attain their desired products rather than as a commercial entity, it is therefore necessary to ensure that the promotion for amazon. ae is carried through the use of websites that users can be expected to switch to in the absence of amazon. ae. Hence, in technical terms, amazon. ae will be generating a void by introducing consumers to a web based portal where their multiple needs can be entertained in one go, and will then offer itself as the solution to fill that void. Product In terms of product, one cannot help but accept the fact that having established credibility and reliability, amazon. ae has an opportunity to become the Mark Spencer of online stores. It is therefore important to realize that amazon. ae offers itself as one product that brings a vast range of commodities in access (Rich). It is therefore necessary to ensure that amazon. ae is introduced and its reputation is maintained to be that of a complete package rather than that of a link to other links. Position Internet based services such as amazon. ae is currently providing a successful blend of products and services that enable them to attract a wide range of consumers. The can position themselves in a manner that enables them to appeal to consumers from all segments and industries from the society. Perhaps the one factor that contributes to this aspect the most significantly is that with the help of a single drop down menu, websites such as amazon. ae can direct the website visitors to the precise areas of the website where they can find their desired product, hence allowing amazon. ae to position itself in a manner that is somewhat compatible with as many consumer segments as possible. Works Cited M. Gordon Hunter, Felix B. Tan. Advanced Topics in Global Information Management. Pennsylvania: Idea Group Inc, 2002. McGraw-Hill. Business week. California: McGraw-Hill, 1998. Rich, Jason R. The unofficial guide to starting a business online. New York: John Wiley and Sons, 2006. Sweeney, Susan. 101 Ways to Promote Your Web Site. New York: Maximum Press, 2004. How to cite The paper shall proceed by providing, Papers
Saturday, May 2, 2020
Question: Discuss about theReport on Accounting Standards for Grand Progressive. Answer: Introduction The issue presented in the question is that the company Grand Progressive Ltd has a 33% interest in the share capital of Massive Dynamic Ltd. The founders of the company Massive Dynamic Ltd., Mr. and Mrs. Bell own the rest of the shares and have allotted three out of five seats in the Board of Directors to the Grand Progressive Limited. Grand Progressive Ltd takes the lead on all decisions but the business is closely monitored by Mr. and Mrs. Bell who hold the other two board positions. Now it has been asked in the question to advise the directors of Grand Progressive Ltd on the basis of the laid down regulations of Australian Accounting Standards Board (AASB). Advise to the Directors of Grand Progressive Limited According to the laid down structure and regulations of the AASB 127, it is mentioned that if an entity holds twenty percent or more of the shares in the share capital of the company that is if it has twenty percent or more voting power in the company then it may exert significant influence over the control of the company. In order to evidence the influence of the entity over the company whose shares are purchased, certain common occurrences may be followed like representation of the shareholding company in the board of directors; participation in the decision making processes of the company; transactions which are material in nature between the investee and the entity; personnel interchange between the entity and investee and also obtaining required technical information from the entity. However the provision of significant influence does not really depend on the percentage of shares owned by the entity. The case may be such that the majority of the shares may be owned by some other entity but the significant influence might be exercised by another entity (Howieson 2013). The above conditions or situations mentioned, is matching with the provisions provided to Grand Progressive Limited to by Massive Dynamic Limited. The directors of Grand Progressive Limited, though own only 33% of the share capital (which is more than 20%) , represent majority of the members of the Board. Thus it is evident that the company has a significant control over the control of Massive Dynamic Limited. The directors of Grand Progressive Limited should also be aware of the fact that the potential voting rights of the company might also be reduced or increased as the case may be. This may be done by converting the shares into other financial instruments (Carey, Potter and Tanewski 2014). If the investment in preferred shares is assumed to be same as the investment in ordinary shares then the entity may have significant influence thus the particular investment should be accounted for using the equity method. The investment done by Grand Progressive Limited on Massive Dynamic Limited has to be accounted by equity method. This is because the investor irrespective of the percentage of shares owned by it in the share capital has displayed enough control in the decision making process of the investee company. For an instance the Grand Progressive Limited holds three seats in the total of five seats in the Board of Directors. This significantly indicates that the shareholdings by the entity are to be accounted by equity method (AASB, C.A.S., 2015). But according to AASB 127, the directors of Grand Progressive Ltd have to publish separate financial statements in addition to consolidated financial statements. Though it has been mentioned above that the shares owned by the entity that is Grand Progressive Ltd may be most probably in the nature of preferred shares, therefore has significant control over Massive Dynamic Ltd but as it is not a proven fact, that is why according to AASB 127 the entity has to prepare separate financial statements (AASB, C.A.S., 2014). The separate financial statements that are to be prepared are to be done in accordance with the standards as set in AASB 9 or by following the equity method as states in AASB 128 or at cost. The directors of Grand Progressive Ltd should keep in mind that the entity will have to apply the similar accounting for all categories of investments. Investments treated at cost or with the help of equity method will have to be accounted for in line with the laid down rules and regulations as in AASB 5 Non-current Assets Held for Sale and Discontinued Operations when these investments are categorized as held for sale or for the purpose of distribution (Hughes and Hoy 2013). The entity, Grand Progressive Ltd will have to undertake the application of all relevant standards when disclosures are provided in the separate financial statements. An entity if at any time becomes the parent company then it may make a choice of not preparing the consolidated financial statements and only prepare the separate financial statements. When the parent company is preparing the financial statements then it should be kept in mind that this fact should be very importantly mentioned in the disclosures that this is the only financial statements prepared by the entity and no other consolidated financial statements are prepared (CRSTEA and CIOLOMIC 2014). As mentioned in the question the directors of Grand Progressive Ltd though occupy the majority of the number of Board members in the Massive Dynamic Ltd and take a lead on the decision making processes but the business is closely monitored by the founders of Mr. and Mrs. Bell. This should be noted by the directors of the Grand Progressive Ltd. This is because as the Grand Progressive Ltd takes a lead in every major decision making process of the business, therefore the directors should take serious initiative in observing the proceedings of business closely and then provide required input in the decision making process. Another proceeding of the AASB 127 that has to be kept in mind is that when an entity is preparing separate financial statements then it shall be done in accordance to the standards laid down in AASB 10, AASB 11 or AASB 128 whichever the case may be. In the separate financial statements prepared by the entity the fact that only the separate financial statements are prepared and also the reasons as to why this decision of preparing separate financial statements is taken. Other obligations like the name of the investee, the primary place of business, the percentage of ownership of the entity in the investee company and the details of the method that is used in order to treat the particular investment that is incurred. Thus as it can be understood from the above descriptions the directors of Grand Progressive Ltd should be more efficient and sincere in executing the duties on behalf of the Massive Dynamic Ltd and should strictly follow the standards as mentioned in the AASB 127 (Taylor, Richardson and Taplin 2015). Why is it necessary to make adjustments for intra-group transactions? It is necessary to make adjustments for intra-group transactions especially while only preparing separate financial statements. But before understanding the reason behind it, at first the term intra-group transaction needs to be understood. The term intra-group transaction refers to the transaction that takes place in between entities that are in the same group. While preparing consolidated financial statements the intra-group transactions are not required. This is because from the perspective of a group, they do not arise hence eliminated. According to AASB 127 the intra-group balances, expenses and income and transactions should be totally eliminated. It is also mentioned in AASB 127 that if incase temporary disparities or differences arise due to the fact that the profits and losses have been eliminated then the tax effect accounting might be utilized (Gordon 2012.). In much more simple terms intra-group transactions take place when one part of an entity is engaged in a transaction with another art or unit of the same entity. These transactions may arise due to a vast number of reasons including the normal course of business transactions that occur between two partner firms or parent subsidiary firms or an entity holding a certain portion of shares in the investee company. If two subsidiary firms or firms which are in any way related belong to the same domain of industry then it is very easily possible for entities to interchange or exchange inventory provided that it is a consolidated entity. Again assets transferred such as plan asset between two entities will definitely recorded in the books of both the entities as transaction with third parties and they would also get the added benefit of changing the inventory in accordance to the current demand in the market. If observed from the perspective of a consolidated entity, the transaction that ha s taken place intra-group is still not recognized because of the fact that unrelated parties are not involved therefore the disclosure included in the consolidated financial statements should not display any intra group balance (Grossi 2015). There are certain journal entries that are required in order to adjust the intra-group balance. This might be done by eliminating the intra-group sales by debiting the sales account with the amount of sales and crediting the Cost of Goods Sold account with the same amount. In order to remove the unrecognized profit and adjust the inventory that has been overstated the Cost of Goods Sold account has been debited with the amount of profit or loss that is incurred and the inventory account is credited with the same amount. The effect on tax that would be resultant from the removal of profit can also be adjusted between the two entities (Director I, Director M.K.S.L.E. and Director M.J.K.S 2014). Therefore the consolidated financial statements are essentially the statements of the group which is again an economic entity that constitutes of the parent and its subsidiaries. This is why the consolidated financial statements has the capacity to only have assets and liabilities, profits that are linked with parties who are outside the group. Adjustments for intra-group transactions are absolutely necessary as they are the internal affairs of the economic entity. This concept is also applicable to a consolidated entity. Therefore transactions between these parties which are intra-group in nature will have to be totally adjusted as because they are treated as a single unit. Hence the adjustments for intra-group transactions are absolutely necessary and must be done on highest priority (Carey, Knechel and Tanewski 2013). Conclusion Thus the directors of Grand Progressive Ltd should be aware of the above mentioned facts and act accordingly. They should be more vigilant towards monitoring the various operations of business and should be well informed about the duties that they have to perform. Moreover the laid down standards in AASB 127 should be strictly followed by the directors. References Howieson, B., 2013. Defining the Reporting Entity in the Not?for?profit Public Sector: Implementation Issues Associated with the Control Test. Australian Accounting Review, 23(1), pp.29-42. AASB, C.A.S., 2015. Investments in Associates and Joint Ventures. AASB, C.A.S., 2014. Business Combinations. Disclosure, 66, p.77. Carey, P., Potter, B. and Tanewski, G., 2014. AASB Research Report No. Hughes, M. and Hoy, S., 2013. Two Steps Backward and One Step Forward: The IASB's Response to Off-Balance Sheet Financing Through Investments in Other Entities. CRSTEA, A. and CIOLOMIC, I.A., 2014. Public Sector Consolidated Financial StatementsArea and Methods. AMIS 2014, p.594. Taylor, G., Richardson, G. and Taplin, R., 2015. Determinants of tax haven utilization: evidence from Australian firms. Accounting Finance, 55(2), pp.545-574. Carey, P., Potter, B. and Tanewski, G., 2014. Application of the reporting entity concept in Australia. Abacus, 50(4), pp.460-489. Gordon, I., 2012. Superannuation in Society: What are the Accountability Relationships and is there a Role for (Group) Accounting?. Australian Accounting Review, 22(2), pp.142-154. Grossi, G., 2015. Consolidated financial statements in the public sector. Public sector accounting, pp.63-76. Director, I., Director, M.K.S.L.E. and Director, M.J.K.S., 2014. Company Secretary. Paul Schultz HEAD OFFICE REGISTERED OFFICE Level, 1, p.91. Carey, P., Knechel, W.R. and Tanewski, G., 2013. Costs and Benefits of Mandatory Auditing of For?profit Private and Not?for?profit Companies in Australia. Australian Accounting Review, 23(1), pp.43-53.
Monday, March 23, 2020
American History Timeline From 1860 to 1870 1860 February 27, 1860: Abraham Lincoln, a lawyer from Springfield, Illinois, gave a speech at Cooper Union in New York City. Lincoln delivered a forceful and well-reasoned argument against the spread of slavery and became an overnight star and a leading candidate for the upcoming presidential election.March 11, 1860: Abraham Lincoln visited the Five Points, the most notorious slum in America. He spent time with children at a Sunday school, and an account of his visit later appeared in newspapers during his presidential campaign.Summer 1860: Candidates did not actively participate in campaigning in the mid-1800s, though Lincolns campaign used posters and other images to inform and win over voters.July 13, 1860: Albert Hicks, a pirate convicted of murder, was hanged on present-day Liberty Island in New York Harbor before thousands of spectators.August 13, 1860: Annie Oakley, sharpshooter who became an entertainment phenomenon, was born in Ohio.November 6, 1860: Abraham Lincoln was elected president of the United States. December 20, 1860: In response to Lincolns election, the state of South Carolina issued an Ordinance of Secession and declared it is leaving the Union. Other states would follow. 1861 March 4, 1861: Abraham Lincoln was inaugurated as the president of the United States.April 12, 1861: In the harbor at Charleston, South Carolina, Fort Sumter was attacked by Confederate guns.May 24, 1861: Death of Col. Elmer Ellsworth, an event which energized the North in the war effort.Summer and Fall, 1861: Thaddeus Lowe began the U.S. Army Balloon Corps, in which aeronauts ascended in balloons to view enemy troops.December 13, 1861: Prince Albert, the husband of Britains Queen Victoria, died at the age of 42. 1862 May 2, 1862: Death of writer and naturalist Henry David Thoreau, author of Walden.September 17, 1862: The Battle of AntietamÃ was fought in western Maryland. It becomes known as Americas Bloodiest Day.October 1862: Photographs taken by Alexander GardnerÃ were put on public display at Mathew Bradys gallery in New York City. The public was shocked by the carnage depicted in the photographic prints. 1863 January 1, 1863: President Abraham Lincoln signed the Emancipation Proclamation.July 1-3, 1863: The epic Battle of GettysburgÃ was fought in Pennsylvania.July 13, 1863: The New York Draft Riots began, and continue for several days.October 3, 1863: President Abraham Lincoln issued a proclamation declaring a Day of Thanksgiving to he observed on the last Thursday in November.November 19, 1863: President Abraham Lincoln delivered the Gettysburg Address while dedicating a military cemetery at the site of the Battle of Gettysburg. 1864 January 3, 1864: Death of Archbishop John Hughes, an immigrant priest who became a political force in New York City.May 13, 1864: The first burial took place at Arlington National Cemetery.November 8, 1864: Abraham Lincoln won a second term as president, defeating General George McClellan in the election of 1864. 1865 January 16, 1865: General William Tecumseh Sherman issued Special Field Orders, No. 15, which was interpreted as a promise to provide forty acres and a mule to each family of freed slaves.January 31, 1865: The Thirteenth Amendment, which abolished slavery in America, was passed by the United States Congress.March 4, 1865: Abraham Lincoln was inaugurated for his second term as president of the United States. Lincolns second inaugural address is remembered as one of his most notable speeches.April 14, 1865: President Abraham Lincoln was shot at Fords Theatre and died the next morning.Summer 1865: The Freedmens Bureau, a new federal agency designed to help the freed slaves, began operation. 1866 Summer 1866: The Grand Army of the Republic, an organization of Union veterans, was formed. 1867 March 17, 1867: The annual parade for St. Patricks Day in New York City was marred by violent clashes. In the following years, the tone of the parade was changed and it became a symbol of the emerging political power of the New York Irish. 1868 March 1868: The Erie Railroad War, a bizarre Wall Street struggle to control shares of a railroad, played out in the newspapers. The protagonists were Jay Gould, Jim Fisk, and Cornelius Vanderbilt.May 30, 1868: The first Decoration DayÃ was observed in the United States. The graves of Civil War veterans were decorated with flowers at Arlington National Cemetery and other cemeteries.February 1868: Novelist and politician Benjamin Disraeli became Prime Minister of Britain for the first time.Summer, 1868: Writer and naturalist John Muir arrived in Yosemite Valley for the first time. 1869 March 4, 1869: Ulysses S. GrantÃ was inaugurated as president of the United States of America.September 24, 1869: A scheme by Wall Street operators Jay Gould and Jim Fisk to corner the gold market nearly took down the entire U.S. economy in what became known as Black Friday.October 16, 1869: A weird discovery on an upstate New York farm became a sensation as the Cardiff Giant. The huge stone man turned out to be a hoax, but still fascinated a public which seemed to want a diversion.
Friday, March 6, 2020
How Michael Phelps Body Type Made Him a Strong Swimmer When you look at Michael Phelps body, its easy to see some of the features that made the lanky guy with the long arms and big feet the most accomplished Olympic swimmer in history. But how exactly did all those parts work together? Phelps retired from competitive swimming in 2016 after winning five gold medals and a silver medal in the Summer Olympics in Rio de Janeiro. Hes the most decorated competitive swimmer in history, having won eight Olympic gold medals in 2008 and four gold and two silver medals in 2012. Hes known as an intense competitor who practiced tirelessly to be in top form for Olympic competition. But he had more than a few physical advantages over fellow swimmers. Simply put, Phelps has the anthropometrics of the perfect swimmer. From head to toe, his body type and proportions are uniquely suited for swimming with both speed and endurance. Phelps Is Tall With a Huge Wingspan First, hes tall, but not too tall. At 6 4 Phelps probably would be about average for a professional basketball player, but as a swimmer, his height (or more accurately, his length) gives him enough glide in the water to provide a little extra forward momentum. Next, his arm span (or wingspan as some call it) of 6 7 is exceptionally wide even for a man of his height. His arms act almost like oars on a rowboat, giving him incredible pulling power in the water. His wingspan is a big reason for Phelps success with the butterfly stroke, which relies heavily on the upper arms and back to push and pull a swimmer through the water. Then theres his unusually long upper body, roughly the length one would expect to see on a man who is 6 8 tall. His long, thin and triangle-shaped torso helps him with his reach, especially on strokes like the butterfly and the freestyle. His torso is more hydrodynamic than the average swimmers, meaning its able to move through the water with less drag. But Phelps Short Legs Are Perfect Too Phelps lower half is hydrodynamic too. But while his arms give him an advantage by being longer, his legs give him an extra kick (literally) by being a little shorter than one would expect for a guy of his size. Phelps legs, which are roughly those of a man about 6 tall, help with kicks and give him more power in turns at the wall, where crucial seconds can be lost or won during competitions. We havent even factored in Phelps enormous hands and flipper-like size 14 feet. Both let him push and pull more water than other swimmers, adding to his overall speed.Ã Phelps Body Is Double-Jointed If all that isnt enough, Phelps also is double-jointed. He doesnt have extra joints as the term implies, but his joints have more mobility than average. Most swimmers - and some dancers- work hard to stretch their joints to make themselves more agile, which in turn makes performance easier. With his more flexible joints, Phelps can whip his arms, legs, and feet through a greater range of motion than most swimmers. Phelps Produces Less Lactic Acid But Phelps unique build isnt his only advantage in competitive swimming. Most athletes need recovery time after exerting themselves because the body produces lactic acid, causing muscle fatigue. Phelps body produces less lactic acid than the average person, so he has a much faster recovery time. In the Olympics, being able to bounce back quickly and compete again are distinct advantages for any athlete. When you add up all the parts, its easy to see what makes Phelps the perfect swimmer. Its amazing to consider that someone so well-built for the sport managed to find his way into swimming, but not at all surprising that Phelps was as good as he was.
Tuesday, February 18, 2020
TOBACCO COMPANIES AND PRODUCT SAFETY - Assignment Example Thus it is very important to set a strict code of business or marketing ethics for every company in order to avoid the existence of unethical behavior within the business operations. This is also applicable in the selling of the products or services involving the behavior of the salesman (Carroll and Buchholtz, 2009). Deregulation within various industries has raised the scope of committing unethical activities which in turn have resulted in intense competition between all the companies within the industry. It is the competitive pressure mixed with the uncertainty in the existence which has resulted in compromising with the business ethics by the organizations (Barnett, 2007). There are a large number of evidences claiming that many organizations have violated the ethical rules and regulations within last few years. As the buyers cannot identify or evaluate the purchasing variables or purchasing criteria, it results in giving possible chances for the markets to conduct various unethi cal activities at an increasing rate (Carroll and Shabana, 2010). Because of the unethical activities the organizations seek to achieve short term profits but in a broader aspect it negatively impacts the image, goodwill or reputation of the organization. The organizations that were suspected of performing various unethical activities had also to suffer from the legal terms. The businesses generally perform these sorts of unethical activities for achieving their short term goals or objectives, but there are evidences which claim that it declines their reputation in each and every sphere. The unethical activities might be conducted by the marketers in different manner. They might be providing misleading information to the customers in order to persuade them in their purchasing decisions (Curwen and Whalley, 2005). Another example of performance of unethical activities includes charging higher prices for lower quality of products or services. Thus it can be said that one organization conducts its business performance by unethical means in order to achieve short term profits and they face the consequences hampering their reputation in the latter part (Friedman, 2004). The case study deals with the unethical activities conducted by the tobacco producing companies in United States. It represents how the companies neglected the standards set by the department of justice i.e. DOJ in United States. According to the district judge, if DOJ could prove that the big tobacco producing companies are performing deceptive activities for their short term profit seeking purpose, then they would be penalized strictly and have to pay a heavy amount of money. This paper would be highlighting the moral or ethical issues related to the selling of products or services in the market. The responsibilities or duties of an organization towards its organization are very significant. Theories or literatures would be reviewed for strengthening the entire arguments made in this paper. The pa per would be finding the key issues that might be taken into consideration while solving the case study. It would be starting with an introduction about the duties and responsibilities of an organization towards its consumers. Duties of the Companies There is a big procedure involved in the offering of products or services to the consumers. An organization has to handle a large number of duties for dealing with