Purpose of Cost Accounting - 3614 Words

CH01_Bragg_36794 3/13/01 9:40 M Page 9 PART I Purpose of Cost Accounting 9 CH01_Bragg_36794 3/13/01 9:40 M Page 10 CH01_Bragg_36794 3/13/01 9:40 M Page 11 CHAPTER 1 Role of Cost Accounting When properly implemented, the cost accounting function can have a pervasive influence in the modern corporation. Unfortunately, it is not always properly implemented because management often is not completely aware of all the uses to which the cost accounting function can be put. This chapter describes the main categories of activities in which this function can become involved, and can be used as a guide by the controller in creating a well-rounded niche for the cost accountant. EXTERNAL REPORTING The key task for†¦show more content†¦Business unit-level reports. These reports must include a much larger quantity of information, for the recipient (the plant manager) needs to know about the operation of each department, as well as a host of operational issues such as the cost of quality, inventory turnover, machine utilization, profitability, and cash flow projections. This tends to be the most voluminous of all reporting packages, as well as the one that includes the greatest mix of financial and operational information. Function-level reports. These reports can be issued to individual departments or at lower levels, for example, to the supervisors of individual machines. Such reports are custom-designed for each recipient, with some requiring more financial data (e.g., for the sales manager who wants to know about customer bad 12 †¢ †¢ CH01_Bragg_36794 3/13/01 9:40 M Page 13 SCOREKEEPING debts or orders booked) and others including almost entirely operational information (e.g., for the warehouse manager who is interested in inventory turnover, kiting percentages, and receiving accuracy). †¢ Project-specific reports. A project report is slanted more toward just those costs being incurred for a specific purpose and so tends to be heavy on direct costs and light on most other allocations. This report usually compares incurred costs against budgeted costs expected to haveShow MoreRelatedPurpose of Cost Accounting3624 Words   |  15 PagesCH01_Bragg_36794 3/13/01 9:40 M Page 9 PART I Purpose of Cost Accounting 9 CH01_Bragg_36794 3/13/01 9:40 M Page 10 CH01_Bragg_36794 3/13/01 9:40 M Page 11 CHAPTER 1 Role of Cost Accounting When properly implemented, the cost accounting function can have a pervasive influence in the modern corporation. Unfortunately, it is not always properly implemented because management often is not completely aware of all the uses to which the cost accounting function can be put. This chapter describesRead MoreCost Accounting Terminologies, Purpose of Cost Information, Types of Cost Accounting Report Etc3664 Words   |  15 PagesConceptual Framework Cost Accounting Cost accounting, as a tool of management, provides management with detailed records of the costs relating to products, operations or functions. Cost accounting refers to the process of determining and accumulating the cost of some particular product or activity. It also covers classification, analysis and interpretation of costs. The cost so determined and accumulated may be the estimated future costs for planning purposes, or actual (historical) costs for evaluatingRead MoreEssay about Role of Managerial Accounting1112 Words   |  5 Pagesbusiness costs down which involve internal and external actions. For internal control, the accountant has a responsibility to monitor finances of a company. Other responsibilities include keeping track of liabilities, duties and taxes. Furthermore, analyses of measurement data on creditors or stockholders are also provided by an accountant. This essay will seek to prove that through principles of financial accounting, cost accounting and cost man agement, accountants can control the cost of businessRead MoreIntermediate Accounting 9th Canadian Edition - Chapt1385 Words   |  6 Pagesadded to or deducted from accounting income to arrive at taxable income. 1. Financial reporting purposes: straight line depreciation method is used for plant assets that have a useful life of 10 years; for Tax Purposes: CCA declining balance method is used with a rate of 20%. i. Reversing Entry that results in future taxable amounts and, therefore will usually give rise to a future income tax liability. * Asset’s cost is deducted faster for tax purposes than it is expensed for financialRead MoreManagerial Accounting And The Certified Management1408 Words   |  6 PagesManagerial accounting is used by an organization to ensure informed decisions are made regarding current and future operations. Businessmen and women must have the ability to comprehend financial information provided to properly determine the correct course of action. In the global market of today, an organization’s inability to accurately determine the best course of action can lead to financial ruin for the company. Uninformed decisions by leadership can derail a business’ prospects for successRead MoreNature and Purpose of Management Accounting1248 Words   |  5 Pagesâ€Æ' The primary role of management accounting is to information in a timely manner to the company’s provide relevant management to help them plan and control the activities of the organization and with which optimal and sound decisions can be made. All the topic areas examined relate to this primary role. Although this role and its related topics covered are clearly understood by most, if not all candidates or even managers in the organizations, different types of relevant information areRead MoreManagerial and Financial Accounting1235 Words   |  5 Pagesï » ¿Part 1 Managerial and Financial Accounting: Key Differences Several differences exist between the above branches of accounting. To begin with, when it comes to financial accounting, the financial reports prepared are primarily utilized by external users including but not limited to regulators, creditors and stockholders (Weygandt, Kimmel and Kieso, 2009). On the other hand, managerial accounting reports are primarily meant for internal users i.e. managers and other officers of the firm. TheseRead MoreHSM 340 Week 2 Quiz689 Words   |  3 Pagescash during the accounting period in the categories of operations, investing, and financing, is called a(an):    Student Answer:   Income statement      Statement of retained earnings      Balance sheet      Statement of cash flows      Report of management    Instructor Explanation: Chapter 9    Points Received: 0 of 5    Comments: Question  2. Question : (TCO 2) Two major methods of asset valuation are:    Student Answer:   historical cost and future cost      historical cost and acquisitionRead MoreAccounting Analysis : Accounting And Accounting1034 Words   |  5 PagesAccounting Analysis In the accounting analysis part, we will discuss and analyse SUL’s accounting policy by identifying its key accounting policies, assessing the accounting flexibility, evaluating the accounting strategy, evaluating the quality of disclosure, identifying red flags and undoing accounting distortions to evaluate that if SUL’s financial statement is transparent and not misleading. Also, we will compare these elements to its competitors in order to give investors a clearer vision ofRead MoreAgency Theory and Accounting Choice1142 Words   |  5 Pages CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY This study analyses the effect of the agency theory and accounting choice usually been made by managers of Nigeria listed companies. It (agency theory and accounting choice) can be demonstrated in the modern day companies where management is usually separated from the ownership of business. The professional managers are supposed to make decisions and take actions that are consistent with the objective of maximising shareholders wealth. But this

My Personal Philosophy Of Education - 1335 Words

I tested into a progressivism teaching style in the â€Å"Finding Your Philosophy of Education Quiz.† While I enjoyed learning about the different philosophies and psychological influences of teaching, I prefer constructivism, social reconstruction, and progressivism due to their student-centered learning, hands-on or project based learning style, while making efforts to improve the world around them. I will be discussing why I chose progressivism, social reconstruction, and constructivism as my preferences, as well as the role of teachers and students in a democracy, how students learn, the subject matter of schools in a democracy, and the purpose and function of education are in a democracy. 1. Name your personal educational philosophy and†¦show more content†¦I prefer this influence over behaviorism because it coincides with the hands-on learning in progressivism, it allows students to shape their own understanding, it has a problem-solving emphasis, and it is student-centered rather than a teacher-centered classroom. By creating situations for students to learn from rather than telling them what they need to know, students may have a better appreciation for school and their education. I like that this influence believes that students bring their own knowledge and we just give them the tools to make improvements and grow as individuals. I think problem-solving is very important for growing children and young adults to help them think independently. 3. Identify the role of a teacher in a democratic society. The role of a teacher in a democratic society is to help empower students and guide them to understanding they are to be active participants in a democracy, in school and in life. As an educator, it is our job to ensure the safety and comfortability of all students, parents, and faculty in the school system. It is also our responsibility to give students the tools and context to aid in their growth as well as providing parents a peace of mind knowing their children are learning what they need to in a safe environment. We also have a standard to meet in the community; we are partially responsible for creating young adults who will be participating in the community they are in. It is ourShow MoreRelatedMy Personal Philosophy : My Philosophy Of Education1046 Words   |  5 Pagesmanipulate the information for their own use in the future. Choosing between the four, I would say my philosophical views line up more as an essentialist. My philosophy of education, is that every teacher and s tudent has an environment where they are challenged, yet still encouraged, in their instructional matter and teaching and learning strategies to prepare them to meet the goals set upon them. A philosophy is a search for wisdom in a particular area; it builds a framework of thinking, and guides instructionalRead MoreMy Personal Philosophy Of Education997 Words   |  4 Pages Philosophy of Education Discovering the place where personal values and expertise meet organizational values and needs offers a dynamic partnership opportunity. Mutual achievement of organizational academic quality and professional fulfillment provides a positive learning environment. Developing a personal philosophy of education enables an educator to understand and communicate the underlying basis for his or her approach to education. Sharing this philosophy provides valuable information forRead MoreMy Personal Philosophy Of Education1476 Words   |  6 Pages871 Foundations of Higher Education Summer 2015 Instructor: Joel Abaya, PhD Personal Philosophy of Education Submitted by: Wessam Elamawy . Personal Philosophy of Education Introduction: From the very beginning of my life I recognized the importance of higher education. I am 34 years old. I am Egyptian. I was born in a highly educated family . My father earned a Ph.D. in chemistry. My uncle earned a Ph.D. in Engineering . My aunt is a doctor. My grandparents were highly educatedRead MoreMy Personal Philosophy of Education958 Words   |  4 PagesMy Personal Philosophy of Education It is customary that on New Year’s Eve, we make New Year resolution. The fact is that we are making a set of guideline that we want to live by. These are motives that we seek to achieve. In a similar way, teachers live by philosophy. This essay focuses on my personal philosophy of education. It unfolds the function of philosophy in a teacher’s life, my view on the purpose of education, the student teacher- relationship and the philosophy which influences myRead MoreMy Personal Philosophy : My Philosophy Of Education1844 Words   |  8 PagesMy philosophy of education is romanticism. According to Ryan, Cooper, and Bolick, romanticism can be defined as â€Å"a child-centered philosophy of education that condemns the influences of society and suggests that a child’s natural curiosity and the natural world should be used to teach.† I am a believer in â€Å"gaining knowledge through sensory experiences and interactions with your peers† (Ryan, Cooper, a nd Bolick, 2016). I agree with this philosophy because it says that the needs of the student areRead MoreMy Personal Philosophy Of Education1443 Words   |  6 PagesThese beliefs of education are known as the philosophy of education. The philosophy of education is defined as the influences of what is taught and how the students will be taught. Throughout my study in my education class and past experiences, my mind was expanded and I acquired sufficient knowledge to develop my own concept of my personal philosophy of education. First, I will clarify the reasons why I choose the profession of being an educator. The first reason has been my parents influenceRead MoreMy Personal Philosophy Of Education966 Words   |  4 Pages Personal Philosophy of Education Allyson C. Taylor EDUC 542 Dr. M. Derrick Regent University The definition of curriculum can be as mysterious as the curriculum itself. Oliva (2013) described the hunt for the curriculum as being similar to â€Å"efforts to track down Bigfoot, the Bear Lake Monster, [and] the Florida Everglades Skunk Ape †¦Ã¢â‚¬  (pg. 2). All of these elusive beings have left tracks, yet there isn’t a single photograph to prove their existence—just likeRead MoreMy Personal Philosophy Of Education873 Words   |  4 Pagesis a meaningful education? Throughout time many philosopher and educators have pondered on this question, leading to the development of theories and concepts that are present in the classroom today. In my personal experience, an educator philosophy is built over a course of time which is based on their knowledge and experience. An educator belief system is like a river, it changes and matures throughout its course, bending and changing as it progresses. Throughout the course of my educational careerRead MoreMy Personal P hilosophy Of Education1152 Words   |  5 PagesIntroduction My personal philosophy of education relies on the fundamental belief that every individual has inherent value, therefore designating education as an environment where students may grow in their self-worth through academic and relational support. Thus, the purpose of education is to provide individuals with the opportunity to learn about both content and about self, growing in their identity. Within this personal philosophy of education, I will further detail the aim of education, the roleRead MoreMy Personal Philosophy Of Education1244 Words   |  5 Pages before diving into a classroom, a teacher can have time to develop and broaden their philosophy of teaching—be prepared before they take that fatal plunge. So, in order to be best prepared for my future endeavors as an educator, I believe it is in my best interest to lay out a personal philosophy of education—a lay out that will aid me in times of need and a way to gauge change, progress, and growth through my Simps on College career. In doing so I will be prepared to be the best educator as I will

Management Decision Model and Financial Management

Question: Justify the role of financial management in case of different projects and different situations? Answer: Introduction Financial management is the backbone for every organizations and individuals. It can be inferred that there are several methods of financial management that helps an organization to measure and monitor their financial structure effectively. This assignment will throw light upon the multiple capital budgeting tools and its several advantages and disadvantages. Apart from this, the assignment will also evaluate the appropriateness of cash management system and calculation of income of the financial sector of the organization will be evaluated. Part 1: The total receipts or collections of the organization Normas Cat Food is given as 5 million. It is also given that the new system of the organization will minimize the total collection period by 2.5 days and total period of disbursement will be maximized by 0.5 days or half days. The total difference between cash between collection and disbursements is coming as $2million. The total number of days is coming as three days. Therefore, the amount of freed-up finds is coming to be as $6million * 360/3 = $720 million per year. In the given case, the number of days is taken to be 360 in the year. The total amount of earnings is coming to be as 8 percent of the amount of freed-up finds which is equal to $57.6 million. If the new system worth $80000 is installed, then the expected return can be expected as $57.6 million- 80000 = $5.68 million. This is mainly because the total amount of incomes and freed-up amount is expected to be more than the amount of costs of the new machine. Part 2 There are quite a few capital budgeting techniques that can measure the feasibility of the project effectively. These are in terms of IRR, Payback and Net present value. It can be further inferred all the given tools and techniques can infer different values and conclusions towards a given project. The conflicting situation may arise due to the size of the given project effectively. Before accepting the feasibility of the given project, the financial manager and financial analyst of the project is required to calculate all the techniques with reference to capital budgeting. To analyze and implement the correct decision of the project, it is important to know the merits and demerits of the given capita budgeting techniques. Advantages of NPV The biggest advantage of net present value is that it helps to interpret the future value of the given project. It is based on the time value of money concept and also helps to find the suitability and feasibility of the given project. It is a cost effective method and can be implement in a simple manner. Another merit of the given method is that future amount of the given cash flows of the organization can be interpreted with the help of this method. The risk of the project can also be estimated with the given project (Brigham Ehrhardt, 2014) Disadvantages of NPV The biggest disadvantage of the method of Net Present value is that this method of capital budgeting totally ignores the size of the given project. In case of mutual exclusive projects, this method of capital budgeting can interpret wrong justifications in comparison to other methods of capital budgeting like IRR and payback period. In addition to this, the total amount and rate of cost of capital is assumed in this method of capital budgeting. IRR: Merits and Demerits The merit of this tool of capital budgeting is that it helps to interpret the value of investment in comparison with the rate of return of the project. It takes into consideration about all cash flows, risks and total time value of money of the project. It also considers the rate of cost of capital of a given project. These are the biggest merit of this method of capital budgeting. In terms of demerits, in case of change of discounting rate of cash flows, the organization may not evaluate the feasibility of the project through this method of IRR. A given project may also have more than 1 rate of returns. Therefore, it is another demerit of the given tool of capital budgeting method. Payback period (Pros and Cons) The advantage of the method of payback period is that it is extremely easier to calculate and it also helps to measure the liquidity of any given project. In addition to this, the risks and variances of the project can also be measured with the help of tools and technique of payback period method of capital budgeting. This method totally ignores the value of the given project or percentage of increase or decrease of the given project. This is one of the demerits of the given tool of capital budgeting. This method totally nullifies the measurement of time value of money and only takes into account about the period in which the total capital will be incurred with the given period of time. These are biggest disadvantage of this tool (Brigham Houston, 2004) From the above analysis, it can be deduced that since the results and interpretation of NPV is opposing and conflicting with the analysis of IRR and payback period, the projects can be considered as mutual exclusive projects. Net present value do not considers the size of any given project. In the given case, the project of the large corporation can be considered as huge and it is ignored by NPV. Therefore, the financial analyst of the project is required to accept the project as per the capital budgeting tools of IRR and payback period. Conclusion From the above analysis, the role of financial management in case of different projects and different situations has been justified. All the techniques of capital budgeting and financial management have been interpreted effectively. References Brigham, E., Ehrhardt, M. (2014). Financial management. Mason, Ohio: South-Western. Brigham, E., Houston, J. (2004). Fundamentals of financial management. Mason, Ohio: Thomson/South-Western.

The Potential Users Of Financial Accounting Information Accounting Essay Example For Students

The Potential Users Of Financial Accounting Information Accounting Essay The users are an of import constituent in accounting systems, and play a cardinal function in utility of fiscal accounting information. Financial accounting is a term normally applied to external coverage by supplying information about the fiscal place of a concern to a broad scope of users in doing economic determinations ( Weetman, 2011 ) . The intent of this paper is to reexamine the relationships between the possible users and existent users of fiscal accounting information and the relevance grounds to current pattern. A assortment of different statements have been put frontward about this issue. We will write a custom essay on The Potential Users Of Financial Accounting Information Accounting specifically for you for only $16.38 $13.9/page Order now The paper has been divided into five parts. It first gives a brief overview of who the possible users of fiscal accounting information are. Second, it deals with the existent users of the information. It so goes on to how utile of fiscal accounting information is and looks at how strong is the grounds that they use information in the ways predicted. Finally, the ground why the possible users may non be existent users of fiscal accounting information is carried out. Outline1 The possible users of fiscal accounting information2 Actual users of the fiscal accounting information3 The utility of fiscal accounting information4 usage information in the ways predicted5 possible users may non be existent users of fiscal information6 Decision7 Appendix 1 The possible users of fiscal accounting information Fiscal accounting purposes to let users to understand the economic activity of the company ( Stolowy, et al. , 2010 ) . For a limited liability company fiscal statements would incorporate balance sheet, net income and loss history, statement of recognized additions and losingss and hard currency flow statement ( Weetman, 2011 ) . Without users, fiscal accounting information will lost its function. Harmonizing to FASB ( 2010 ) , the aim of fiscal coverage is to supply utile fiscal information for bing and possible users to do economic determinations. There are several users who are interested in fiscal accounting information. Atrill and Mclaney ( 2008 ) stated that the intent of fiscal information to be used and the individual fiscal information to be given must be clear. By definition and different demands from each other, it could specify as internal users such as directors and external users which include proprietors, loaners, authorities, employees, rivals, clients, community, and providers ( IASC, 1989 ) . General purpose fiscal statements expected accounting information which would be of involvement to a broad scope of user groups ( FASB, 2010 ) , see appendix 1. Therefore, everyone could be the possible users of fiscal accounting information every bit long as there is a demand for the information. Actual users of the fiscal accounting information From the internal direction position, it has been argued that the chief users of accounting information about an organisation could be those who manage the company every twenty-four hours, such as directors ( Weetman, 2011 ) . A Statement of Basic Accounting Theory ( ASOBAT ) did non declare any peculiar user group such as investors to be primary users. Alternatively, it has been asserted that utile information was required for both internal and external intent. Classified users of accounting information into two wide groups: external users which include present and possible investors, creditors, employees, stock exchanges, governmental units and clients on contrast with internal direction. However, Harmonizing to FASB ( 2010 ) , the primary users of fiscal accounting information refer to bing and possible investors, loaners, and other creditors. They need entities describing information provided indirectly. As existent users are contained in the possible users, see appendix 2, if th ey have same involvements in the fiscal accounting information, the existent users might include directors, loaners, providers, clients, rivals, employees, authorities and community ( Britton and Waterston, 2006 ) . Similar decision has been argued by Atrill and McLaney ( 2008 ) , Perks ( 2007 ) and Weetman ( 2011 ) . The utility of fiscal accounting information Most of users treat the fiscal statements as the chief beginning of fiscal information. Harmonizing to IASB ( 1989 ) , it assumes that if fiscal statements run into the demands of investors, it will besides run into the demands of most other users ( Weetman, 2011 ) . The utility of accounting information is under premiss of its high qualitative features. There are four chief qualitative features which are described as relevancy, dependability, comparison and comprehensibility. However, merely if the information really makes a alteration in users determinations could specify it as relevancy Framework ( 1989 ) . Besides accounting information should be material and the benefits of supplying the information should outweigh the costs ( Atrill and Mclaney, 2008 ) . .u3b18a028b4443be52b624463b7e7ede4 , .u3b18a028b4443be52b624463b7e7ede4 .postImageUrl , .u3b18a028b4443be52b624463b7e7ede4 .centered-text-area { min-height: 80px; position: relative; } .u3b18a028b4443be52b624463b7e7ede4 , .u3b18a028b4443be52b624463b7e7ede4:hover , .u3b18a028b4443be52b624463b7e7ede4:visited , .u3b18a028b4443be52b624463b7e7ede4:active { border:0!important; } .u3b18a028b4443be52b624463b7e7ede4 .clearfix:after { content: ""; display: table; clear: both; } .u3b18a028b4443be52b624463b7e7ede4 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u3b18a028b4443be52b624463b7e7ede4:active , .u3b18a028b4443be52b624463b7e7ede4:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u3b18a028b4443be52b624463b7e7ede4 .centered-text-area { width: 100%; position: relative ; } .u3b18a028b4443be52b624463b7e7ede4 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u3b18a028b4443be52b624463b7e7ede4 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u3b18a028b4443be52b624463b7e7ede4 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u3b18a028b4443be52b624463b7e7ede4:hover .ctaButton { background-color: #34495E!important; } .u3b18a028b4443be52b624463b7e7ede4 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u3b18a028b4443be52b624463b7e7ede4 .u3b18a028b4443be52b624463b7e7ede4-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u3b18a028b4443be52b624463b7e7ede4:after { content: ""; display: block; clear: both; } READ: Changing Divorce Laws EssayThe intent of fiscal statements is non meant to run into all the users demands ( FASB, 2010 ) . It is possible to fix the fiscal statements for general intent which will hold some involvements for all users. For case, as investors provide hazard capital to the company, the proviso of fiscal statements meets both investors and other users who are interested in gauging hazards ( Stolowy, et al. , 2010 ) . These fiscal studies are valuable for users who have no bargaining power and no important economic influence in organisations ( Elliott and Elliott, 2009 ) . It has been asserted that general purpose fiscal statements tend to concentrate on the p rimary users which included the proprietors, long-run loaners and creditors. The involvements of primary users might overlap with the involvements of other user groups. Therefore, this could fulfill most users demands for fiscal accounting information ( Weetman, 2011 ) . The fiscal statements, which dainty proprietors, loaners and creditors as primary users, could supply utile fiscal accounting information for the being of users. usage information in the ways predicted The fiscal accounting information could assist users to do determinations and cut down uncertainness over the fiscal place and public presentation of the concern. For illustration, to assist handiness of financess to pay proprietors a return, to refund loans, to honor employees ( Atrill and Mclaney, 2008 ) . It has been claimed that accounting information can non run into all of the demands of each of the assorted user groups ( FASB, 2010 ) . Atrill and Mclaney ( 2008 ) stated that Different groups of users have different value and demands. However, user groups desire to cognize more accounting information as possible. Conflict between user groups is likely happen during concern processing. For case, directors they have close engagement with the concern, they have entree to a broad scope of information and most might be confidential in company ( Weetman, 2011 ) . They know more internal information about the current and future state of affairs of the company than outside investors. T his could be defined as information dissymmetry ( Scott, 2009 ) . Investor might do incorrect determination based on inaccurate information provided by directors, so they want to cognize more information besides the fiscal statements. It is further contended that there are several user groups they want to run into specific demands straight from the concern, such as authoritiess, HM Revenue and Customs, and directors and managers. Lenders are normally given much more information than is included in published fiscal statements, including prognosis information, monthly dislocations and hard currency budgets ( Perks, 2007 ) . To hold everything to be included in a company s fiscal statements is unrealistic ( Perks, 2007 ) . Fiscal accounting information is presented as the signifier of extremely summarized fiscal statements. The chief job with the fiscal information demands of the user groups are that most want to cognize predict the hereafter. Stockholders, creditors, loaners and employees all want to cognize what the company s future chances are. But most of information in fiscal statements has already happened ( Stice and Stice, 2006 ) . Many users concerned how valuable the past information was and the dependability of concern hereafter prognosis. Therefore, it is non possible for a company to print precisely the information that everyone wants. The information is designed on the behalf of focal point on stockholders and creditors ( Perks, 2007 ) There is no similar replacement for the information provided by the fiscal statements. Therefore, if users can non garner the needed information signifier the fiscal statements. It is frequently unavailable to them. Other beginnings of information refering the fiscal wellness of a concern are usually much less utile. As a consequence, the grounds is non strong plenty for the user groups to utilize information in the manner predicated and it is usually really hard to measure the impact of accounting on decision-making ( Atrill and Mclaney, 2008 ) .uab5918513c76cb13fdad1bb4ca209409 , .uab5918513c76cb13fdad1bb4ca209409 .postImageUrl , .uab5918513c76cb13fdad1bb4ca209409 .centered-text-area { min-height: 80px; position: relative; } .uab5918513c76cb13fdad1bb4ca209409 , .uab5918513c76cb13fdad1bb4ca209409:hover , .uab5918513c76cb13fdad1bb4ca209409:visited , .uab5918513c76cb13fdad1bb4ca209409:active { border:0!important; } .uab5918513c76cb13fdad1bb4ca209409 .clearfix:after { content: ""; display: table; clear: both; } .uab5918513c76cb13fdad1bb4ca209409 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uab5918513c76cb13fdad1bb4ca209409:active , .uab5918513c76cb13fdad1bb4ca209409:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uab5918513c76cb13fdad1bb4ca209409 .centered-text-area { width: 100%; position: relative ; } .uab5918513c76cb13fdad1bb4ca209409 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uab5918513c76cb13fdad1bb4ca209409 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uab5918513c76cb13fdad1bb4ca209409 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uab5918513c76cb13fdad1bb4ca209409:hover .ctaButton { background-color: #34495E!important; } .uab5918513c76cb13fdad1bb4ca209409 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uab5918513c76cb13fdad1bb4ca209409 .uab5918513c76cb13fdad1bb4ca209409-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uab5918513c76cb13fdad1bb4ca209409:after { content: ""; display: block; clear: both; } READ: BIBLIOGRAFHY Essaypossible users may non be existent users of fiscal information As Young ( 2006 ) claimed some of the existent users were multiple, conflicting, inconsistent, and uneducated. These users are undependable and limited cognition about fiscal accounting information and its procedure. FASB ( 2010 ) have conducted a new construct of the fiscal statement user-a rational economic decision-maker. It means that the determinations of involvement are rational, if statements can be connected to the prognosis of future hard currency flows, it could be said rational determination shapers need it. Users can be seen more as conjectural readers of fiscal statements than as existent users, because they need peculiar types of information ( Young, 2006 ) . Furthermore, the conflicting demands of users and limited information provided in studies might do possible users can non happen information utile to them ( Atrill and McLaney, 2008 ) . Therefore, the possible users might non be the existent users of fiscal accounting information, a part of possible users could be. Decision In decision, the current paper has reviewed the users of fiscal accounting information. The inquiry posed at the beginning of this paper was to analyze the grounds why the possible users may non be existent users of fiscal accounting information and relevance grounds to pattern. It has been seen that different users have different demands, even fiscal statements concentrate on primary users to supply utile information. However, it could non accomplish the expected degree and can non run into all users demands. It may hence be concluded from the above treatment that the existent users are a part of possible users. Potential users might non be existent users of fiscal accounting information. Appendix 1 The relationship between possible users and existent users: Potential users Actual users Primary users Appendix 2 Users and their information demands ( FASB,2010 ) Investors. The suppliers of hazard capital and their advisors are concerned with the hazard inherent in, and return provided by, their investings. They need information to assist them find whether they should purchase, keep or sell. Stockholders are besides interested in information which enables them to measure the ability of the entity to pay dividends. Employees. Employees and their representative groups are interested in information about the stableness and profitableness of their employers. They are besides interested in information which enables them to measure the ability of the entity to supply wage, retirement benefits and employment chances. Lenders. Lenders are interested in information that enables them to find whether their loans, and the involvement attaching to them, will be paid when due. Suppliers and other trade creditors. Suppliers and other creditors are interested in information that enables them to find whether sums owing to them will be paid when due. Trade creditors are likely to be interested in an entity over a shorter period than loaners unless they are dependent upon the continuance of the entity as a major client. Customers. Customers have an involvement in information about the continuation of an entity, particularly when they have a long-run engagement with, or are dependent on, the entity. Governments and their bureaus. Governments and their bureaus are interested in the allotment of resources and, hence, the activities of entities. They besides require information in order to modulate the activities of entities, determine revenue enhancement policies and as the footing for national income and similar statistics. Public. Entities affect members of the populace in a assortment of ways. For illustration, entities may do a significant part to the local economic system in many ways including the figure of people they employ and their backing of local providers. Fiscal statements may help the populace by supplying information about the tendencies and recent developments in the prosperity of the entity and the scope of its activities.

Free Goodfellas Informative Essay

Free Goodfellas Informative Essay Goodfellas Introduction Crime and American gangster films focus more on the sinister motives of gangsters, especially the criminal figures who operate outside the limits of the law. The crime stories depicted in gangster films usually draw attention to the gangster lifestyle in the sense that they glamorize the rise and fall of a gangster. Most of the gangster movies produced before the 1960s associated gangsters with immorality and unlikable by the larger society, who in most cases ended up being killed or caught by law enforcement. The fundamental moral lesson that are derived from the gangster movies produced before 1960s is that gangsters were villains who caused chaos and evil in the society that was morally upstanding; as a result, the gangsters deserved unhappy endings that they usually received. The Goodfellas is a perfect idolization of the rise and fall of a gangster, which serves to indicate some level of consistency with the moral lessons depicted in most gangster movies. The moral lesson in Goodfellas is consistent with the view that gangsters are villains and bring about chaos; therefore, they usually deserve unhappy endings. The outcome of the end of a gangster lifestyle is notable by the end of the glamour and the beginning of contact with the criminal justice system. In most cases, gangsters are not successful in their endeavors; they turn out to be the losers. However, Henry Hill, who is the main protagonist in the film, is a sympathetic hero that the audience would want to succeed. Despite his initial entry into gangster life by adhering to the codes of conduct, Henry Hill defies these rules, mentions the names of his fellow gangsters including Jimmy and Pauly. In addition, he was a principal witness against them so that he could receive an enrollment at the federal witness protection program. Henry Hill is sympathetic hero because never killed anybody and he is against the brutality and violence of Tommy when undertaking their gangster activities. Despite the fact that he helps Tommy in covering up evidence, he is remorseful regarding the kind of life that he is living. Among all the characters in the movie, Henry Hill is the closest thing to a hero in the movie. The motivation of Henry Hill in criminality is mainly due to his notion of good life. Henry has always wished to be a gangster and considers it as being the best thing when compared to being the president of the United States. This indicates that Henry Hill is not a hero under ordinary circumstances, but turns out to be the closest character that is suitable for the title of a hero. Henrys motivation into criminality is mainly due to his view of a good and successful life Henry always wished to be a part of something that is significant, which resulted to the quitting of schools and becoming involved with gangster activities. His motivation for the gangster life is due to the idolization of the Lucchese crime family gangsters and admits that he has always wanted to be a gangster. Given his viewpoint of success and good life, this movement seems justified since the gangster lifestyle did not get him by chance; rather, it was his dream. There are redeeming qualities that Henry posses. For instance, in the course of his gangster life, he did not kill anybody and that he revealed the names of his fellow villains. However, these qualities are not adequate to keep him from being a villain, owing to the fact that circumstances forced him to do act so. In conclusion, the moral theme in Goodfellas is consistent with the depictions of gangster movies before the 1960s that portrayed gangsters as villains and immoral, who brought about chaos and evil in a society that was morally upstanding.

Introduction to an Oligopoly Market

Introduction to an Oligopoly Market When discussing different types of market structures, monopolies are at one end of the spectrum, with only one seller in monopolistic markets, and perfectly competitive markets are at the other end, with many buyers and sellers offering identical products. That said, there is a lot of middle ground for what economists call imperfect competition. Imperfect competition can take a number of different forms, and the particular features of an imperfectly competitive market has implications for the market outcomes for consumers and producers. Oligopoly is one form of imperfect competition, and oligopolies have a number of specific features: Several large firms - Oligopolies generally consist of a few large firms, and this is part of what sets them apart from competitive markets. Similar or identical products - While it is possible to have an oligopoly with slightly differentiated products, firms in oligopolies usually sell non-differentiated products. Barriers to entry - There are barriers to entry into an oligopoly, making oligopolies different from competitive markets with a large number of relatively small firms. In essence, oligopolies are named as such because the prefix oli- means several, whereas the prefix mono-, as in monopoly, means one. Because of barriers to entry, firms in oligopolies are able to sell their products at prices above their marginal costs of production, and this generally results in positive economic profits for firms in oligopolies. This observation of markup over marginal cost implies that oligopolies do not maximize social welfare.

Assignment Example | Topics and Well Written Essays - 500 words - 71

Assignment Example Other researchers have noted that the successful completion of a course requires online participation. (Nagel, L., Blignaut, A.S., and Cronjà ©, J.C., 2007) The purpose of the study is to know 1) how online participation affected learning and successful course completion, and 2) how the participation influenced the learning community. (Nagel et. al, 2007) The researchers observed students of an 8-week web-based distance learning course which was part of the curriculum for the students’ Masters degree. (Nagel et. al, 2007) Using specialized computer software such as the ATLAS.tiTM and the WebCT Campus edition student tracking tool, the students’ performance and activities online were tracked and analyzed. The findings revealed that active learning participation not only led to a successfully completed course but also a satisfied experience by the learning community. The failure of some students to get a good grade was attributed to, among others, connection problems. Responses showed that accessibility to the online course material was difficult for several learners because of unreliable Internet service, computer issues and financial constraints. Curiously, results also showed that some students had poor Internet connection but relayed this to their facilitator through text messages or phone calls. Thus, they were able to work out deadlines to successfully complete the course. Few postings and comments on discussion boards directly affected student performance as well. The results revealed that those students who just signed in without collaborating with the community members or those who did not put up a significant number of posts or replies ended up with unsatisfactory grades or dropped the course. Low online visibility and participation which encompass a number of students’ roles (Nagel et. al, 2007) resulted to

The amazing Agora Research Paper Example | Topics and Well Written Essays - 2000 words

The amazing Agora - Research Paper Example Surprisingly, Agora is not just one single object, it is basically a whole collection of total one hundred and six massive and bulky pieces of figures. They point from the south end of the Grant Park towards the south. Each mass of art weighs around eighteen hundred pounds and more than nine feet tall. Each of this piece is created so beautifully that they portray a complete natural look. They seem so real that the park district commissioner said that as you go more nearer to the sculptures it ultimately brings tears in your eyes. In addition, looking at each Agorian figure with keen observation, they are on the whole headless and armless creatures. They are made up of cast iron which a slight shine to them. They are designed in a way that they depict a walking movement of each individual from south to north. Agora is everlasting and enduring installation of the Grant Park. As a matter of fact, the popularity and attractiveness of the park is much because of the vital gift of Magdale na Abakanowics. No matter it’s the idea and design of the Polish artist Magdalena but at the same time she had an assistance of three more people. Each figure is same in shape but they are diverse in fine points and important details. The exteriors of the sculpture are pretty much analogous to tree bark or even somewhat like wrinkled face that is put across an unusual and diverse individualism of every statue. The creation of this ultimate beauty initiated in 2002 and took around two years for the completion. The design and formation of Agora were done in massive and enormous engineering foundry in the city of Poznan that it's situated in Poland. It was later on transported to the United States of America in October 2006. The artist made use of some common metals for the designing of sculptures like burlap and resin, but later she shifter in using some special and even more precious metals. These metals included bronze, iron and steel. Overall it cost more than three million U.S dollars. Obviously, it wasn’t possible for only a single person to pay such huge amount of money that is why contributions were made from the actor Robin Williams and Parkways foundation. They donated total amount of seven hundred thousand U.S dollars. Moreover, the remaining amount was contributed by the Polish Government and even the Polish foundation. Although in a few places, it has been stated that the government of the United States bought the sculptures of Agora to install them in the Grant Park. However its not true. Agora was a gift to the United States of America from the artist Magdalena Abakanowicz and the Polish Ministry of Culture (Pacyga, 401). But on the other hand the Grant park itself raised the amount of eight hundred thousand for the installation and maintenance cost of these remarkable pieces of art. This huge amount of money would not have been possible without the cooperation of Magdalena fans and the actor Robin Williams. Many people who visited th e Grant Park and saw these remarkable structures raised a question that what does Agora represents, what's the message or story behind it. Polish artist and the creator of Agora replied that it's basically a single body that embodies and becomes a symbol for a number of diverse meanings. Consequently, some historians and critics gave an even more appropriate

The Effects of Water Shortages in the Last Decade Essay Example for Free

The Effects of Water Shortages in the Last Decade Essay The effects of water shortages in the last decade. New water purification technologies This oral presentation will be divided into few parts. The first one will deal with how the water supplies available to the people, have gradually decreased in the last decade; statistical data will be presented, together with some pictures and graphs. Also, it will make a projection of what could be the impact of the water shortages in the near future and will examine how devastating the need for drinking water could become if certain measures for retaining it are taken very soon. The next part will be about some of the innovations in the water purifications technologies. The last part will be a discussion, where your questions you will be welcomed and I will also ask a couple of questions. It is quite popular to refer to our planet Earth as the Blue Planet and probably all of us are aware why this nickname is given. That’s because of earth’s surface is 70% covered by water. Unfortunately, only around 2% of this is drinking water and the question are we using this small quantity responsively is getting more and more discussed recently. The shortest answer to this question is â€Å"No†; humanity needs too much fresh water and shortages have become highly noticeable. It’s needless to say that water is crucial for all life on earth. It plays an essential role for our health, economy, food production, and environment. Also, drinking fresh water is a compulsory element of the development of the public health, since 21 of the 37 primary diseases are related to water and sanitation. With the growing world population (over 7 billion so far), water consumption rate doubles every 20 years, a pace that is double the rate of population growth. If population and consumption trends persist, it is estimated that the demand for water will surpass its availability by 56%, and 1. 8 billion people will be living in regions of water scarcity by 2025. This situation is exacerbated by the fact that developing countries, already experiencing water-stress, often have the highest population growth rates—bringing more people into a region that already cannot support them. Here it’s important to explain the terms â€Å"water-stressed countries† and â€Å"water-scarce regions†, given the fact that in the near future they will become part of the geographical description of further more parts of the world. Water-stressed countries are regions with fewer than 1,700 m3 of water per capita per year. People living in water-stressed regions must make painful decisions about using water for personal consumption, agriculture, or industry. Regions with fewer than 1,000 m3 per person per year are defined as water-scarce. Water-scarcity hinders economic development, strains the environment, and drastically limits food availability. The 2009 World Water Development report revealed that nearly half of the global population will be living in regions of high water stress by 2030.

Springsteens The Ghost of Tom Joad relationship with Steinbecks Grape

In 1995, Bruce Springsteen produced an album titled â€Å"The Ghost of Tom Joad†. Its title track brings out a lot of ideas from John Steinbeck’s Pulitzer Prize winning novel, The Grapes of Wrath. Migrant workers, as explained in chapter twenty three of The Grapes of Wrath, used music as a main source of entertainment. They would play the harmonica, the guitar, and the fiddle, while the other workers would dance and be jolly, despite how bad the work was that day. The instrumentals of the song are harmonica and acoustic guitar. This helps to bring out both the theme of the song and the ideas from the book. The seventh line of the song is â€Å"Families sleepin' in their cars in the southwest† (The Ghost of Tom Joad 1995). In the book, while the families were driving through the southwest to find better jobs in California, some families were only able to sleep in their cars. Most families could barely afford the cars they were traveling in, let alone a nice place to stay along their journey. The eighth line is, â€Å"No home no job no peace no rest† (The Ghost of Tom Joad 1995). These eight word phrase says a lot. The migrant workers had no home, at least not a stable one. This was because they had no steady job. They were never really at peace with themselves, for they could not forgive themselves for leaving their land in Oklahoma. They had trouble getting rest because they were always so hungry. This one line almost completely sums up the lives of the migrant workers characterized in this novel. The next two lines, â€Å"The highway is alive tonight, But nobody's kiddin' nobody about where it goes† (The Ghost of Tom Joad 1995), are talking about Route 66. This highway is the one that all of the Okies traveled on to get to Califo... ...e." (The Ghost of Tom Joad 1995) This final verse explains what Tom says when he is leaving the family so that they don’t have an extra mouth to feed. When he leaves, after killing a second man, he tells his mom that he plans to carry on Casy’s plans of unionization. He says that he will be everywhere that the migrant farm workers, his people, are starving and being treated unfairly. I believe it is obvious that Steinbeck’s The Grapes of Wrath greatly influenced Bruce Springsteen’s The Ghost of Tom Joad. There is much evidence to prove it. Even the title of the song proves it. There is no way that u can say there is no connection between the two wonderful works of art. Works Consulted Springsteen, Bruce. "The Ghost of Tom Joad." By Bruce Springsteen. Rec. 1995. The Ghost of Tom Joad. Steinbeck, John. New York, New York: Penguin Classics, 1939.

Statistic: Sampling and Research Design

Carlene Reyes 809000173 Question 2: Describe the relationship between research design and sample design Before examining both sample design and research design it is important to be clear about the role and purposes of each design. Research design is a plan for collecting and utilizing data so that desired information can be obtained with sufficient precision or so that a hypothesis can be tested properly. Every type of empirical research has a form of implicit research design.A design is a logical sequence that connects to empirical data to a study’s initial research question and ultimately it, to its conclusion. According to Adam G Bluman in his book Elementary Statistic define research design as a logical plan from getting from here to there, where here may be defined as initial questions to be answered , and there is some conclusion (answers) to these questions . Another text book has described research design as a plan that guides the investigator in the process of collec ting analyzing and interpreting observations.It is a logical method of proof that allows the researcher to draw inreferences concerning causal relations among the variables under investigations (Nachmias andNachmaias 1992 pp. 77-78). Research design can be seen as the â€Å"blue print† for your research, dealing with at least four problems what question to study, what data are relevant, what data to collect and how to analyze the results. As a result research design is more than just a work plan it is what makes social science scientific.In addition there are various forms of research design that can be broken up into both quantitative and qualitative research design. Qualitative research follows a naturalistic paradigm which is based on the idea that reality is not predetermined, but is constructed by the participants in the research (Vishnevsky and Beanlands 2004, p. 235). It aims at exploring the phenomenon in question by focusing on the individuals who experience it, assu ming that it is possible to maximize the understanding of the phenomenon by minimizing the interpersonal distance between the researcher and the participant.Qualitative research in non-experimental, with no dependent or independent variables. The idea is to understand phenomena as a whole. Qualitative research is done â€Å"in the field† and requires ongoing data collection and analysis. The data collection and methodology are flexible, and allow for modifications throughout the research process, gathering subjective data that includes thoughts and perceptions of the participants and the researchers alike.Qualitative research does not choose a representative sample of the population, but only chooses as participants those who have rich experiences in the phenomena of concern, and the sample size is rarely predetermined, because researchers include as many participants as necessary to give an understanding of the phenomena (Vishnevsky and Beanlands, 2004, p. 235). Whereas, in quantitative research the researcher aim is to determines the relationships between one thing (an independent variable) and another (a dependent or outcome variable) in a population.Quantitative research designs are either descriptive (subjects usually measured once) or experimental (subjects measured before and after a treatment). Descriptive studies are also called observational, because you observe the subjects without otherwise intervening. Descriptive research provides answers to the questions of who, what, when, where, and how for example a study measuring various attributes of salespeople, a training program, or a retailing situation.Experimental studies are also known as longitudinal or repeated measures studies, for obvious reasons. They are also referred to as interventions, because you do more than just observe the subjects. However the sample design provides information on the target and final sample sizes, strata definitions and the sample selection methodology. It†™s a relatively small subset selected from a population. Sampling design is a process of selecting a member of a unit for a study in such a way that the unit represents the larger group from which they are selected.Sampling makes possible the study of a large heterogeneous population. There are different forms of sampling design it can be classified as probability sampling and non-probability sampling. Probability sampling is a proportion and such sample is selected from the population by means of some systematic way in which every elements of the population has a chance of being included in the sample. With this research it is more complex its time consuming and more costly.Non probability sample is not a proportion of the population which there is no system in selecting the sample. The selection depends upon the situations no assurance is given that each has a chance of being included as a sample. The first form of probability sampling is Random sampling this type of sampling is one in which everyone in the population of the inquiry has an equal chance of being selected to be included in the sample. Its main advantage of this technique of sampling is that it is easy to understand and it is easy to apply too.Its disadvantage is that it is hard to use with too large a population because of the difficulty encountered in writing the names of the person involved. Another form of sample design is systematic sampling a technique of sampling in which every kth member of a list may be selected to be included. This form of sampling is called interval sampling there is a gap or interval between each selected unit in the sample. Its main advantage is that it is more convenient faster and more economical. Its disadvantage is that if the sample might become biased.Stratified sampling is another form of sampling the process of selecting randomly , samples from different strata of the population used in the study a sample obtained by dividing the population into groups, c alled strata according to the various homogeneous characteristic and then selecting members from each stratum for the sample . Its advantage is that it contributes much to the representative of the sample. Cluster sampling also called multi-stage sampling are used when the population is so big or the geographical area of the research is so large, it is therefore efficient to use.Its disadvantage is that it reduced accuracy or representativeness on the account of the fact that every stage there is a sampling error. Non probability sampling methods into two broad types are accidental and purposive. Most sampling methods are purposive in nature because we usually approach the sampling problem with a specific plan in mind. The most important distinctions among these types of sampling methods are the ones between the different types of purposive sampling approaches. In purposive sampling, researchers sample with a purpose in mind.We usually would have one or more specific predefined grou ps we are seeking. Accidental sampling is where the first set of available appropriate sample are used. To conclude research design function is to ensure evidence obtained enables us to answer the initial question as unambiguously as possible. Thus, we need to ask what kind of evidence is needed to answer these questions. Research design is thus equated with both qualitative designs whereas sample design is equated with both probability and non probability sampling. Sampling design involves taking a proportion of the population to do your research project.

Economics and Business Risk Information

Risk Information Rating is an interactive process relying primarily in gathering information from the issuer and supplementing it with strategic information obtained from outside independent sources. The entire process Is aimed at evaluating (a) Financial Risk and (b) Business Risk Information with regard to (a) Is generally provided by the company requesting for rating and, only when necessary, such Information Is corroborated or complemented by Information from other sources.However, comprehensive information with regard to (b) is not readily available from any identifiable source. PACRA has, therefore, proceeded to develop its own database consisting of economic data by industrial sub-sectors. Additionally, it continuously monitors macroeconomic developments and important government policy changes (like fiscal adjustments) for determining their likely impact on specific sectors and companies. PACRA does not assign unsolicited ratings.This policy is based on our sensitivity egardin g the motivation for such a practice: globally, unsolicited ratings have come under criticism as they seem to be a means of pressurizing recalcitrant entitles to subject themselves to rating. Again, the value of credit rating flows from the Interactive nature of the exercise. Thus, unless the rated entity has an opportunity to share the reasons for any delinquent performance In the past and Its view on prospects, the rating opinion may not be reliable. The rating process begins with a careful review of an entitys published information.From this review, analysts (normally two, the lead and support analyst, are assigned to each rating assignment) determine what additional data are needed and a detailed questionnaire is sent to the client. An initial rating assessment is made and discussed internally. A discussion agenda is then prepared for a meeting with the client company's senior management. The meeting Is wide-ranging, covering the company's flnanclal position, earning trends, ope rating practices, competitive standing, future prospects, the economic environment and many other Issues that an have a bearing on PACRA's assessment.In order to ensure full understanding of their position, companies entrust PACRA with confidential information, which is not disclosed in rating reports but which is certainly taken into account when assigning the ratings. In determining the initial ratings for an institution, a rating proposal is prepared based on the information gathered at the Management Meeting with the company, and is presented to the rating committee (comprising the Chairman, ManagingDirector, senior executives and the lead analyst). A draft rating report is then prepared and sent to the client for verification of the accuracy and confidentiality of the Information In the report. upon the client's approval, the one-page summary of the report Is made public and a press release of the assigned rating Is Issued. The detailed rating report Is sent to the client. plac ed on ‘RatingWatch'. The rating is then upgraded, downgraded or maintained after assessing the impact of any such change.

Fetal Alochol Syndrome Essay

Fetal Alochol Syndrome Essay Fetal Alochol Syndrome Essay Fetal Alcohol Spectrum Disorder is the â€Å"umbrella term used to describe the range of possible effects associated with alcohol consumption during pregnancy. (Payne, 2012) The most widely known of these disorders is Fetal Alcohol syndrome (FAS) is defined as a pattern of physical, mental, and behavioral problems in the baby that are thought to be due to alcohol abuse by the mother during pregnancy. (ACOG) There are many resources to help in the awareness and possible prevention of fetal alcohol syndrome, including N.O.F.A.S. ; The National Organization on Fetal Alcohol Syndrome is the only international non-profit committed solely to FASD prevention, advocacy, and support. This organization was founded in 1990 and is the leading voice and resource of the Fetal Alcohol Spectrum Disorders community. (N.O.F.A.S.) According to the article on Fetal alcohol syndrome on the webpage Kidshealth.org â€Å"When a woman drinks alcohol during pregnancy, she risks giving birth to a child who w ill pay the price - in mental and physical deficiencies - for his or her entire life.† Many pregnant women still choose to drink alcohol and there is an estimated 1 in every 750 infants born in the United States are born with a case of Fetal Alcohol Syndrome whether it is a pattern of physical, developmental, and or functional problems, while another 40000 are born with fetal alcohol effects (FAE).† (Numours) There are many signs and different level of severites of Fetal Alcohol Syndrome. Some of the more common signs and symptoms of Fetal Alcohol Syndrome include; low birth weight, small head circumference, failure to thrive, developmental delay, organ dysfunction, facial abnormalities, epilepsy, poor coordination/fine motor skills, poor socialization skills, such as difficulty building and maintaining friendships and relating to groups, lack of imagination or curiosity, learning difficulties, and behavioral problems. Anyone suffering from Fetal Alcohol Effect may have some of these symptoms listed above but on a less severe degree. A child suffering from the affect of alcohol during growth and development who suffers from facial abnormalities may include; smaller eye openings, flattened cheekbones, and or an underdeveloped groove between the nose and upper lip. Learning disabilities may include including poor memory, inability to understand concepts such as time and money, poor language comprehension, poor problem-solving skills. While behavior problems of a child/person suffering from fetal alcohol syndrome include; hyperactivity, inability to concentrate, social withdrawal, stubbornness, impulsiveness, and anxiety. The most severe problems that may be caused by fetal alcohol syndrome can include physical deformities, mental retardation, learning disorders, vision difficulties and behavioral problems. Some features present in someone suffering with the effects of Fetal Alcohol Syndrome in ones central nervous system include; â€Å"agenesis and hypoplasia of the corpus callosum, cavum septi pellucidi, cavum vergae, ventriculomegaly, hypoplasia of inferior olivary eminences, small brain stem, and micrencephaly.† (NCBI) Whereas the physical deformaties of someone suffering from the effects of fetal alcohol syndrome can include; atypical physiognomy, â€Å"smooth philtrum - The divot or groove between the nose and upper lip flattens with increased prenatal alcohol exposure, Thin vermilion - The upper lip thins with increased prenatal alcohol exposure, Small palpebral fissures - Eye width decreases with increased prenatal alcohol exposure† to the more severe frontonasal dysplasia also known as a cleft lip. (NCBI), (Numours). There are some other conditions that can commonly occur along with fetal alcohol syndrome, these are considered Alcohol related birth defects and not considered fetal alcohol syndrome. These include Cardiac problems/conditions like a heart murmur that almost always disappears by one year of age; most commonly it is a Ventricular septal

Jonathan Edwards - Colonial Clergyman of the Great Awakening

Jonathan Edwards - Colonial Clergyman of the Great Awakening   Jonathan Edwards (1703-1758) was an extremely important and influential clergyman in the New England colonial America. He has been given credit for beginning the Great Awakening and his writings provide insights into colonial thought.   Early Years Jonathan Edwards was born on October 5, 1703 in East Windsor, Connecticut. His father was Reverend Timothy Edwards and his mother, Esther, was the daughter of another Puritan clergyman, Solomon Stoddard. He was sent to Yale College at the age of 13 where he was extremely interested in natural science while there and also read widely including works by John Locke and Sir Isaac Newton. John Lockes philosophy had a huge impact on his personal philosophy. After graduating from Yale at 17, he studied theology for two more years before becoming a licensed preacher in the Prsbyterian Church. In 1723, he earned his Master of Theology Degree. He served a New York congregation for two years before returning to Yale to serve as a tutor.   Personal Life In 1727, Edwards married Sarah Pierpoint. She was the granddaughter of the influential Puritan minister Thomas Hooker. He was the founder of the  Connecticut Colony following a dissent with the Puritan leaders in Massachusetts.Together they had eleven children.   Heading His First Congregation   In 1727, Edwards was given a position as the assistant minister under his grandfather on his mothers side, Solomon Stoddard in Northampton, Massachusetts. When Stoddard passed away in 1729, Edwards took over as the minister in charge of a congregation that included important political leaders and merchants. He was much more conservative than his grandfather.   Edwardseanism Lockes Essay Concerning Human Understanding had a huge impact on Edwards theology as he tried to grapple with mans free will combined with his own beliefs in predestination. He believed in the need for a personal experience of God. He believed that only after a personal conversion instituted by God could free will be turned away from human needs and towards morality. In other words, only Gods grace could give someone the ability to follow God.   In addition, Edwards also believed that the end times were near. He believed that with the coming of Christ, each person would have to give account of their lives on earth. His goal was a pure church filled with true believers. As such, he felt that it was his responsibility to ensure that his church members lived according to strict personal standards. He would only allow those he felt truly accepted Gods grace could partake of the sacrament of the Lords Supper in the church.   The Great Awakening As previously stated, Edwards believed in a personal religious experience. From 1734-1735, Edwards preached a number of sermons about justification of faith. This series led to a number of conversions among his congregation. Rumors about his preaching and sermons spread to surrounding areas of Massachusetts and Connecticut. Word spread even as far as Long Island Sound.   During this same period, traveling preachers had begun a series of evangelist meetings calling on individuals to turn away from sin throughout the New England colonies. This form of evangelism focused on personal salvation and a correct relationship with God. This era has been called the Great Awakening. The evangelists produced huge emotions. Many churches were disapproving of itinerant preachers. They felt that the charismatic preachers were often not sincere. They didnt like the lack of propriety in the meetings. In fact, there were laws passed in some communities to ban preachers the right to hold revivals unless they had been invited by a licensed minister. Edwards agreed with much of this but did not believe that the results of revivals should be discounted.   Sinners in the Hands of an Angry God   Probably Edwards most well-known sermon is called Sinners in the Hands of an Angry God. He not only delivered this at his home parish but also in Enfield, Connecticut on July 8, 1741. This fiery sermon discusses the pains of hell and the importance of devoting ones life to Christ to avoid this fiery pit. According to Edwards, There is nothing that keeps wicked men, at any one moment, out of hell, but the mere pleasure of God. As Edwards says, All wicked mens  pains  and  contrivance  they use to escape  hell, while they continue to reject Christ, and so remain wicked men, dont secure em from hell one moment. Almost every natural man that hears of hell, flatters himself that he shall escape it; he depends upon himself for his own security....  But the foolish children of men do miserably delude themselves in their own schemes, and in their confidence in their own strength and wisdom; they trust to nothing but a shadow.   However, as Edward says, there is hope for all men. And now you have an extraordinary opportunity, a day wherein Christ has flung the door of mercy wide open, and stands in the door calling and crying with a loud voice to poor sinners... As he summed up, Therefore let everyone that is out of Christ, now awake and fly from the wrath to come... [L]et everyone fly out of Sodom. Haste and escape for your lives, look not behind you, escape to the mountain, lest you be consumed [Genesis 19:17].   Edwards sermon had a huge effect at the time in Enfield, Connecticut. In fact, an eyewitness named Stephen Davis wrote that people were crying out throughout the congregation during his sermon, asking how to avoid hell and be saved. In his today, reaction to Edwards was mixed. However, there is no denying his impact. His sermons are still read and referred to by theologians to this day.   Later Years Some members of Edwards church congregation were not happy with Edwards conservative orthodoxy. As previously stated, he enforced strict rules for his congregation to be considered part of those who could partake in the Lords Supper. In 1750, Edwards attempted to institute discipline on some of the children of prominent families who were caught looking at a midwives manual that was considered a bad book. Over 90% of the members of congregation voted to remove Edwards from his position as minister. He was 47 at the time and was assigned to minister to a mission church on the frontier in Stockbridge, Massachusetts. He preached to this small group of Native Americans and at the same time spent the years writing many theological works including Freedom of the Will (1754), The Life of David Brainerd (1759), Original Sin (1758), and The Nature of True Virtue (1765). You can currently read any of Edwards works through the Jonathan Edwards Center at Yale University. Further, one of the resid ential colleges at Yale University, Jonathan Edwards College, was named after him.    In 1758, Edwards was hired as the president of the College of New Jersey which is now called Princeton University. Unfortunately, he only served for two years in that position before he died after he had an adverse reaction to a smallpox vaccination. He died on March 22, 1758 and is buried in Princeton Cemetery.   Legacy Edwards is seen today as an example of revival preachers and an initiator of the Great Awakening. Many evangelists today still look to his example as a way to preach and create conversions. In addition, many descendants of Edwards went on to be prominent citizens. He was the grandfather of Aaron Burr and an ancestor of  Edith Kermit Carow who was Theodore Roosevelts second wife. In fact, according to George Marsden in Jonathan Edwards: A Life, his progeny included thirteen presidents of colleges and sixty-five professors.   Further Reference Ciment, James. Colonial America: An Encyclopedia of Social, Political, Cultural, and Economic History. M. E. Sharpe: New York. 2006.

Digital Marketing Campaign for fictional event (Wind Racers Horses) Term Paper

Digital Marketing Campaign for fictional event (Wind Racers Horses) - Term Paper Example The main product that the company deal in is hygain balanced. This product can perform all the mentioned function and take care of the situations. The marketing for the product is majorly done through the website. The plan of the communication would involve considering different aspects. Cost is much essential in the planning. The company will consider the general cost of the campaign whether it will be expensive. The campaign should be cost efficient (Ryan and Calvin, 63). The much to be involved in reaching a given number is considered. There should be no much wastage. Influence is also considered in the planning. A website that is used should be that that can reach a large number of people who need the horse product. Personalization of the message in the website is also much considered. The credibility of the communication on the horse product is seen as such that the information is widely accepted to be accurate. Planning of the website advertisement should consider the control. The site information should be able to reach the targeted horse owners or those that deal with the animal product (Ryan and Calvin, 102). The plan ning on the website advertisement is done in stages. The objectives of the communication are identified and set. The appropriate budget is made such that the cost of the transmission is defined. The company should then decide on what they want the audience to know about the product and its impact on their horses. The targeted audience are then decided, and they should be those that deals with horses. Hygain Feeding Company produces hygain feed for horses. The pellets are fed are highly rich in vitamin E and selenium that are required by the horses for cell health, minerals, proteins and amino acids that are needed for muscle strengthening and muscle development. The product contains biotin for hoof and also coat health. The product has been improved such that the contents of the pellets also act as blood builders. The promotion of

Loyalty programmes..reflective statement for dissertation Essay

Loyalty programmes..reflective statement for dissertation - Essay Example However, on moving ahead with the research I realized the amount of hard work research work would demand. The preparation of research proposal was also difficult as this was the first time that I did such extensive research for a particular topic to ensure that I stay within the scope of the research I set before me and at the same time meet the requirements of the university. Before conducting the research studying deeply the different research categories like explanatory research descriptive research as well as exploratory research gave me an insight into which kind of research category to use in which situation. This was useful as it allowed me to understand the pros and cons of different research strategies like action research, grounded theory, surveys, etc. in order to decide upon the most suitable research strategy for my dissertation. It was through this process that I was able to develop an analytical frame of mind that helped me to quickly overcome the problems that I faced in conducting the research. I had to change my plan from conducting face to face interview to survey questionnaire because of the unavailability of responsible marketing / operations heads despite of calling 50 hotels for scheduling interview. Even designing the survey questionnaire was not easy and the data collected through this method was scrutinized by the supervisor for its limitations to ensure the objectiveness of the research is maintained at all times. The presentation of findings and analysis required use of different tools which I had to learn during the course of the research. The structure of the dissertation was also considered to be an important element of my research. I had to look at examples how a good dissertation needs to be written. The work flow should be in such a way that it covers different aspects of the research for better understanding of its users. The writing was built upon strong objectives and research questions which

Products of Native American Culture Essay Example | Topics and Well Written Essays - 2000 words

Products of Native American Culture - Essay Example The text which is used as a product of Native American culture is one which shows a different identity that belongs to America and which once was the main association with the United States, as opposed to the changes which occurred after the land was conquered by the American government. Text as a Product of Native American Culture The text that is a part of culture and history is first defined as a product of Native American culture. The different types of text are able to describe the culture, history, family and the lifestyle that was a part of a given time frame. This traced the history of the Native Americans back into the ancient ways of living while showing how the dominant culture in America was lost through the war. The defining of these elements make the text as a main product of Native American culture, specifically because it is able to define and describe different parts of the culture as well as provide examples that have caused the religious, ceremonial, cultural and h istorical aspects to be engrained with those who are a part of the Native American tradition. When reading the text, there is the ability to understand the entire society. The intertwining of traditions, ranging from the societal hierarchy to the concepts of religion are in each of the text, making it all a significant basis to understanding the history, beliefs and lifestyles of Native Americans. An example of the text as a part of Native American culture is defined with â€Å"Black Elk Speaks.† This particular text is important in defining the ceremonies and cultures of the Sioux while combining this with the historical events taking place when America began to attack the Native Americans. Descriptions such as The Dog Vision, Heyoka Ceremony and the Powers of the Bison and Elk are able to describe elements of the culture and how this related to the changes in America from the past of Native Americans. â€Å"Under the tree that never bloomed I stood and cried because it had withered away. With tears on my face I asked the Great Spirit to give it life and leaves and singing birds, as in my vision† (Neihardt, 193). This is one of several examples that show the intertwining of cultures in the text. The product comes from the connection to nature, prayers that are a part of the practice of Native Americans, and as read through the â€Å"Great Spirit† and which associates with the context of the time. The particular culture is also defined as the narrator is describing the attacks of the Native Americans and how the family is lost because of the American attacks, showing how the culture known is lost because of the historical events taking place at the time. Another representation which shows the text as the Native American culture is through â€Å"Ceremony† by Leslie Silko. Similar to â€Å"Black Elk Speaks,† this book is able to combine the elements of the Native American culture with religion, ceremony and the beliefs that are upheld through generations. However, there is also an understanding of how this has changed because of the divisions which occurred in America over time. â€Å"An old sensitivity had descended in her, surviving thousands of years from the oldest times, when the people shared a single clan name and they told each other who they were†¦

Understanding Key Components Of Performance Management

Understanding Key Components Of Performance Management An effective performance management system integrates organisational, business and individual planning and performance. Performance management systems components include: Development of clear job descriptions The selection of right people with an appropriate selection process Provide effective orientation, training and development. Clarify performance objectives and linking these with organisational business plans. Conduct regular performance appraisal of individuals against the achievement of these objectives. On-going coaching and feedback Recognition or compensation that reward people for their performance Provide career development opportunities Actions to deal with poor performing employees. Evaluate the involvement of individual, team and organisational performance. One of the main issues mentioned in the case study was regarding recognition regarding pay and performance. Research on high performing companies has consistently shown that they have at least one common characteristic: their people understand the strategy of the business and believe that if they perform well, they will be recognized and rewarded by the organization. (Wilson Group, 2010) If Colbran Institute is able to develop a appraisal system where recognition is documented and rewards Colbran Institute will be in a better situation when it comes to employee morale and motivation and be able to achieve company goals. Performance Appraisals Performance appraisals are one of the most important components of performance management and are designed to measure and improve employee performance. Edwin B. Flippo wrote in his book titled Personnel Management that performance appraisal is the systematic, periodic and an impartial rating of an employees excellence in the matters pertaining to his present job and his potential for a better job. (Flippo, Edwin B. 1979) The performance appraisal process articulates the standards of work expected of employees and the values and behaviours employees are expected to uphold in meeting their job requirements, communicating and working with others. The information that performance appraisals provide, provides foundations for recruiting and engaging new employees, development and training of existing employees, and maintaining a quality team by adequately and properly rewarding their performance. If a reliable performance appraisal system is not put in place, a human resource management system will fail, resulting in the total waste of the valuable human assets an organisation has. The key objective of appraisal is to provide employees with feedback on their performance provided by the line manager. (Caruth, Donald. 2008). The main objectives of performance appraisals are to: Assess the performance of employees over a period of time Help manage the gap between actual and desired performance Indentify strengths and weaknesses of employees, which in turn will identify training and development needs. Provide feedback on past performance Give clarity of the responsibilities and expectations of the employee in the upcoming appraisal period. Therefore, Performance management leads to higher performance that is more closely directed to the strategic objectives of the organization whereas Performance appraisal and feedback assist employees to understand what work they do well and how they can improve their performance. Issues Identified From reading the case study provided by Colbran Institute there seems to be a number of issues regarding the use of the graphical rating scale performance appraisal system. The graphical rating scale is one of the most popular methods of performance appraisal, it is easy to understand and cost effective to setup and manage. It involves listing subjective traits that the organization considers important for effectiveness on the job for example integrity, reliability, initiative and objective factors such as quality of work. The employee then gets a rating against each trait; these scores are then added up and produce an overall performance score for the employee. As seen with Colbran Institute the graphic rating scale does have a number of disadvantages; issues that have been brought forward include: Rater Errors Generalization of traits No real measurement achieved Issues from pass work history are not reflected. This form of performance appraisal is subject to rating errors mainly due to rater bias which result in incorrect appraisals. Rating errors include central tendency, leniency, severity and the halo effect. In Colbran Institutes situation the rating errors consist of leniency and the halo effect. Leniency is demonstrated when the evaluator rates most employees very highly across performance dimensions rather then spread them throughout the performance scale, in Isabels case she has rated most employees as either good or excellent. Generalisation of traits is another issue that occurs when using the graphical rating system as it might have traits such as creativity which is assessed the same on all employees appraisal. This could become an issue if the employee is working in a position where creativity isnt something that relates to their work. They could be a data entry clerk for example which doesnt involve any creativity; therefore they might get marks down for this because it is unable to be shown; whereas someone that works in marketing would be the completely different. Another issue Colbarn Institute has is the generalities of the documentation produced from the appraisal. Allan suggests to Isabel What is good quality to you might be average to me or someone else and vice versa. This is something that needs to be considered with maybe a review by a second and third level manager. But you will still have the issue so of employees not understanding what is expected from them, for instance an employee is given the rating of 2 on motivation, the question is how is he able to improve this? Another common error in performance appraisal is the halo effect. This occurs when a managers general impression of an employee, after observing one aspect of performance, influences his/her judgment on other aspects of the employees overall performance for the assessment period. This is demonstrated in the case study when Allan asks Isabel about past performance of her employees and she replies with Well in the odd case, a couple of them have let things go a bit. This is not reflected anywhere in the appraisal. Task 2: (500 WORDS) Recommendation An effective performance appraisal system provides guidance so employees understand what is expected of them in their position. It provides flexibility so that employee creativity is encouraged and strengths are utilized. It provides enough control so that employees understand what the organization is trying to achieve. This is why I have put forward Management By Objectives appraisal system as the recommended system that Colbran Institute should take on board. Management by Objectives Management by Objectives was first introduced in 1954 by Peter Drucker in his book The Practice of Management. MBO is an appraisal method where the manager and the subordinate define common objectives and major areas of responsibility, then compare and direct their performance against these objectives. It aims to increase organizational performance by aligning organizational and individual goals throughout the organization. George Odiorne in his thesis describes Management by objectives as a process whereby the superior and subordinate managers of an organization jointly identify its common goals, define each individuals major areas of responsibility in terms of results expected of him and use these measures as guides for operating the unit and assessing the contributions of each of its members.(Odiorne, George S. 1965) In Management by Objectives appraisal system, objectives are written down for each level of the organization, and individuals are given specific aims and targets. The principle behind this is to ensure that people know what the organization is trying to achieve, what their part of the organization must do to meet those aims, and how, as individuals, they are expected to help. This presupposes that organizations programs and methods have been fully considered. If they have not, start by constructing team objectives and ask team members to share in the process. (Heller, Robert 1998) Advantages and Disadvantages MBO overcomes some of the issues that arise from the Graphical Rate Scale as a result of assuming that the employee traits needed for their job success are the same for the whole organization and can be reliably identified and measured. The MBO method concentrates on actual outcomes, instead of assuming traits. An employee has demonstrated an acceptable level of job performance if the employee meets or exceeds the set objectives. Employees are not judged on their potential for success or on their supervisors subjective opinion of their abilities by on real outcomes. The main principle of the MBO appraisal system is that direct results can be observed, where as the traits (which might not even relate to an employees position) and attributes of employees must be guessed. Management by objectives also has its disadvantages like any appraisal method. The main issue with this appraisal technique is the initial development of objectives can be time consuming, which takes employees and managers away from there actual work. When writing objectives for a performance appraisal it must be realize that in this day and age priorities and goals are constantly changing. This is something organizations have to be able to deal with to keep ahead of the game. The Performance Management scheme The new appraisal system will fit into the overall performance management scheme by aiming to increase organizational performance by aligning goals and management objectives throughout the organization. All managers and staff will participate in the strategic planning process, in order to improve the implement ability of the plan and implement a range of performance systems, designed to help the organization stay on track. Colbran Institute employees will get more input into identifying their objectives, milestones and timelines for completion and have a clear understanding of how their roles and responsibilities contribute to the aims of the organization as well as its strategic goals. Management by objectives also includes ongoing tracking and feedback in the process to reach objectives. MBO would be appropriate for Colbran Institute to take on board because it is a knowledge-based organization where the employees are competent in their jobs. It is appropriate in this situation as we wont to build employees management and self-leadership skills and utilize their creativity and knowledge. Conclusion: This report has analyzed the role of performance management at Colbran Institute. It has taken a look at the current performance appraisal method and put forward a new structure which involves Management by objectives. Management of objectives is an efficient and balanced technique that will allow management to receive maximum results form their current employees by focusing on achievable goals.

Is Jesus A Socialist - The Jun :: essays research papers

The Jungle – Is Jesus a Socialist?   Ã‚  Ã‚  Ã‚  Ã‚  There are many interpretations that different individuals can develop on one event, material, or thing, and on such example is the Bible. In The Jungle, Upton Sinclair, an advocate of Socialism, uses a character to tie Socialism with Jesus. The character is an â€Å"ex-preacher,† called Lucas, who portrays Jesus as a Socialist by using his actions and words to conform with Socialist ideas. Although one cannot say interpretations are right or wrong, Sinclair blasphemously uses the Bible for his own ideas.   Ã‚  Ã‚  Ã‚  Ã‚  In the beginning of Lucas’s speech on Jesus he says that Jesus was a man â€Å"whose whole being was one flame of hatred for wealth, and all that wealth stands† (Sinclair 334). There are examples in the Bible that might lead one to infer that Jesus was a hater of wealth, but he didn’t. In fact, he dined at many wealthy individuals’ houses, i.e. â€Å"Jesus at a Pharisee’s House† (Luke 14:1-24). If he hated the rich and â€Å"well to do† he would not even associate with them. Jesus only disliked the many lavish things that rich people did with their wealth, which blocked their relationship with God. For example, in Luke 16:19-31 there is a story about a rich man and Lazarus, a beggar covered with boils. The rich man did not help Lazarus one bit, even though Lazarus’s condition was so bad, being covered in sores, that â€Å"even the dogs came and licked his sores† (Luke 16:21). The rich man daily â€Å" was dressed in purple and fine linen and lived in luxury every day† (Luke 16:19), but would not spare some food for Lazarus who â€Å"[longed] to eat what fell from the rich man’s table† (Luke 16:21). Eventually both Lazarus and the rich man died, Lazarus was received into Heaven, and Lazarus fell into hell. The rich man suffering in hell saw Abraham with Lazarus far away, and called out, â€Å"Father Abraham, have pity on me and send Lazarus to dip the tip of his finger in water and cool my tongue, because I am in agony in this fire† (Luke 16:24). But Father Abraham replied, â€Å"Son remember that in your lifetime you received your good things, while Lazarus received bad things, but now he is comforted here and you are in agony† (Luke 16:24). Jesus showed others that the rich man ignored God’s will by indulging himself in his wealth, and failed to receive eternal life by ignoring the simplistic need of Lazarus. Is Jesus A Socialist - The Jun :: essays research papers The Jungle – Is Jesus a Socialist?   Ã‚  Ã‚  Ã‚  Ã‚  There are many interpretations that different individuals can develop on one event, material, or thing, and on such example is the Bible. In The Jungle, Upton Sinclair, an advocate of Socialism, uses a character to tie Socialism with Jesus. The character is an â€Å"ex-preacher,† called Lucas, who portrays Jesus as a Socialist by using his actions and words to conform with Socialist ideas. Although one cannot say interpretations are right or wrong, Sinclair blasphemously uses the Bible for his own ideas.   Ã‚  Ã‚  Ã‚  Ã‚  In the beginning of Lucas’s speech on Jesus he says that Jesus was a man â€Å"whose whole being was one flame of hatred for wealth, and all that wealth stands† (Sinclair 334). There are examples in the Bible that might lead one to infer that Jesus was a hater of wealth, but he didn’t. In fact, he dined at many wealthy individuals’ houses, i.e. â€Å"Jesus at a Pharisee’s House† (Luke 14:1-24). If he hated the rich and â€Å"well to do† he would not even associate with them. Jesus only disliked the many lavish things that rich people did with their wealth, which blocked their relationship with God. For example, in Luke 16:19-31 there is a story about a rich man and Lazarus, a beggar covered with boils. The rich man did not help Lazarus one bit, even though Lazarus’s condition was so bad, being covered in sores, that â€Å"even the dogs came and licked his sores† (Luke 16:21). The rich man daily â€Å" was dressed in purple and fine linen and lived in luxury every day† (Luke 16:19), but would not spare some food for Lazarus who â€Å"[longed] to eat what fell from the rich man’s table† (Luke 16:21). Eventually both Lazarus and the rich man died, Lazarus was received into Heaven, and Lazarus fell into hell. The rich man suffering in hell saw Abraham with Lazarus far away, and called out, â€Å"Father Abraham, have pity on me and send Lazarus to dip the tip of his finger in water and cool my tongue, because I am in agony in this fire† (Luke 16:24). But Father Abraham replied, â€Å"Son remember that in your lifetime you received your good things, while Lazarus received bad things, but now he is comforted here and you are in agony† (Luke 16:24). Jesus showed others that the rich man ignored God’s will by indulging himself in his wealth, and failed to receive eternal life by ignoring the simplistic need of Lazarus.