Financial statements Essay Example | Topics and Well Written Essays - 500 words

Financial statements - Essay Example report that measures the success of the company operations for a particular period of time and this is used by business and investment people to determine the profitability, investment value and creditworthiness etc (Keiso and Weygandt, 2007, p. 126). Income Statement summarizes revenues, gains, expenses and losses. Sales, fees, dividends and interest are parts of revenues, while expenses take forms of cost of goods sold, depreciation, interest, wages and salary etc. Gains and losses are different types like sale of plant assets or investments, settlement of liabilities etc. Expenses are debited and revenue are credited, and the total of these can be a net debit (loss) or net credit (profit). Income statement evaluates the past performance of the company and provides a basis for future prediction and assessing risk or uncertainty. The Balance Sheet presents the financial position of the business through the main elements that are called assets, liabilities and stockholders’ equity (Davies and Pain, 2002, p. 49). Assets include those that can provide future economic benefits as a result of past transaction (plant, machinery, vehicles and all) and liabilities include those that are probable future sacrifices of economic benefits arising from present obligations- loan, overdraft etc- (Keiso and Weygandt, 2007, p. 173). Assets are regarded to be debit balances and liabilities and stockholder’s equity are credit balances. Balance sheet is always in a balance and hence it can be summarized as: Neither balance sheet nor income statement show or directly analyze some of the key changes taken place in the financial position. They don’t show cash inflows and cash outflows that are in turn, highly important to know and assess the timing and uncertainty of cash flows. Cash-flow statement, instead, provides cash inflows and outflows and it calculates the net changes in the cash position of the business. It comprises of 1) operation activities which are cash effects of

The US Sugar Policy - Case Study Essay Example | Topics and Well Written Essays - 1250 words

The US Sugar Policy - Case Study - Essay Example All capital markets are beginning to connect world wide, and this affects even those who are not globally connected. The larger economies will at some point influence those not globally invested as their performance begins to evolve and shape the global financial markets. There may be no other free-trade policy like the U.S. sugar program that illustrates such hypocrisy, and the need for reform. The United States has often prided itself as a world leader in terms of the free trade movement. The culture has always pushed for Globalization and the use of technology to integrate economies. However, there are some industries that remain well protected due to the strength of forceful interest groups and absence of pressure to reform. These protection barriers often hurt our domestic economy and counteract the efforts to promote more open markets and trade negotiations around the world. (Grombride, Mark) In this paper I will examine the flaws in the U.S. Sugar Policy and demonstrate how th ey affect domestic and international farmers. This essay will also demonstrate to show how globalization is reflected in the consumption, production and labor of the sugar industry. The U.S. Sugar policy operates under the Farm Bill, which was overwhelmingly passed in 2008 by Congress. The basic premise behind the sugar policy is that supply should equal demand. The U.S. Department of agriculture has imposed several tools in order to ensure that the sugar policy operates at a minimum cost to the taxpayers. These tools are that: first, they can limit foreign imports to those required in the trade agreement obligation with the exception of Mexico; second, they can control the amount of sugar the U.S. American farmers are allowed to sell; and third, the bill can divert any excess surplus of sugar into ethanol production. (American Sugar Alliance) These tools and policies such as the preferential loan agreements and tariff rate quotas, serve to effectively keep foreign sugar out of the U.S. In return this forces the price of sugar in our market to increase substantially. According to the World Agricultural Supply and Demand Estimates, the U.S. Production projection for sugar produced in April of 2011 was 7,950,000 short tons raw value and the import amount was 3,135,000 short tons raw value. The amount projected in export equaled just 225,000 short tons. In areas such as the Caribbean, sugar is one of their largest earning industries. However, during the past two decades, Caribbean agriculture has experienced a decline in their agricultural production. Once globalization occurred the countries in the Caribbean were greatly affected as the some of the most vulnerable producers. This was due to their limited physical size not allowing them to benefit from economies of scale. For them this translated into higher world prices for production of their main principal products. The Caribbean exported only 669,630 tones of sugar around 2000. (Ahmed, Belal) There are severa l factors that determine the international competitiveness of sugar production. Some of these factors include: tariffs and quotas, the availability of sugar as a natural resource, the cost of production, and international trade agreements. Tariffs and quotas affect the sugar market as American consumers and business are forced to purchase sugar at the U.S. average price vs. the world price. This is due to our low import of foreign sugar. Government enables have protected domestic sugar growers by placing trade restrictions

The Role of Information Security Policy Essay Example | Topics and Well Written Essays - 1000 words

The Role of Information Security Policy - Essay Example Regardless of all these, the essence for a security policy on information systems is unquestionable. These security policies and standards are of use to inform employees of firm their duties for protecting and safeguarding information systems of their organization. The policies state the mechanisms under which organizations can carry out these responsibilities. They also give an organization the baseline to get, configure and appraisal information systems for compliance with the policy in operation. The tools of information security system without its policy, it limits its usefulness. Policies and standards are essential in distributed computing location as a means of putting up security discipline for a big and different population of users that is reachable through formal auditing and communications. This strategy is of great importance when dealing with temporal personnel or those under contracts. Policies must show the accepted ways of an organization but also take full advantage of all methods for effecting behavior and spreading of information within a distributed computing location (James et al, 2012). Policies are of more importance in distributed computing locations than a centralized one due to the increased problems of restraining activities coming from a remote location. These policies must therefore be complete and stated clearly to minimize the number of instructions and explanations that the organization requires to handle so that they can be sure there is understanding. Here, they should have identifiers and description generally for business functions and units so that they can surpass changes of the organization (James et al, 2012). Employees play a major role in maintaining information system security. Their main role here is to study and have a close relationship with the IT section so that they can indulge when there is security incident. It is the responsibility of every employee to

Investment and Portfolio Management Assignment Example | Topics and Well Written Essays - 4000 words

Investment and Portfolio Management - Assignment Example This research will begin with the statement that investment refers to the current commitment of dollars for a period of time so as to derive future payments that will compensate the investor for- The period for which the funds have been committed The expected rate of inflation during this period of time Compensation for the risk associated with the investment, i.e. the uncertainty of future payments The process of selection of investment categories requires analyzing, estimating and evaluating the expected risk return trade-off for the alternative investments available. Investment needs and Financial Plan differs from individual to individual, and changes with respect to the life cycle of the individual. After the investment decision is undertaken by the individual, the major function is to manage the investment portfolio evaluating the performance of the portfolio and updating the portfolio based on the changes in the economic environment and the investor’s needs. The investor has a sum of $100,000 to invest into financial products such as debt, equity, derivatives or cash according to his or her choice. The objective of the portfolio or the investment policy statement is to achieve long term growth of capital. In addition to that, the fund aims minimizing risk of capital loss through portfolio diversification. The portfolio will be monitored, analyzed and reported upon over the chosen time horizon. The return of the funds is evaluated relative to S&P 500 index.P 500 index. The strategy of the investor is to buy the stock and hold it for long term or at least three years, in expectation of long term capital appreciation. In order to mitigate the domestic gloom in the economy, few funds may be invested overseas in order to geographically diversify and earn benefits from emerging and developing markets. Proper diversification will help reduce the overall portfolio risk by spreading stock specific risk

Professional Statement for Psychology Counseling BA degree Personal

Professional for Psychology Counseling BA degree - Personal Statement Example As an individual who has deep concerns for the miseries and issues faced by the fellow human beings, I have often regarded the career of a professional practitioner of psychological counseling as an effective way to render my service to the well being of the society and the people around me. Similarly, a reflective self appraisal of my strengths, weaknesses, and personal qualities also offers me the good reason for selecting a career in Psychology and Counseling. As an individual who has successfully completed Bible college graduation, I am most concerned about the psychological affairs of the people around. I also have great experience of working among people who need mental strength and support. Along with my regular preaching in various religious programs, I also conduct Bible studies for women at a rescue mission. The experience that I gathered from such activities, significantly, strengths and personal qualities as a person qualified for the career in Psychology and Counseling. I share great compassion with people who are in distress and miseries, and have a strong desire to help them accomplish their goals. I have often been excited to find positive changes in the lives of people around me through care, compassion and divine understanding. My Christian values and spirit of compassion and charity also have contributed to my decision to opt for this career and course. Therefore, a self appraisal of my strengths, weaknesses, personal qualities definitely confirm that my experiences and qualifications will contribute to my chosen field, which is Psychology and Counseling (BA) degree. The career of Psychology and Counseling has a great scope in the development of my personal life and achievement of my life-goals. As a person who has ever been interested in assisting people in need, the career of a professional practitioner of psychological counseling can help me realize my career goals, and I understand Psychology

Restaurant Concept Project Term Paper Example | Topics and Well Written Essays - 3000 words

Restaurant Concept Project - Term Paper Example This restaurant project involves the purchase of an antique, 19th Century Hong Kong â€Å"junk† boat, and deconstructing the boat’s elements to become the decoration for a restaurant interior. The decor will follow a design developed by Robert D. Henry Architects in New York, but transform it so that the antique wood of the ship and the old carvings of the hull will be prominently displayed. These elements will be used throughout the restaurant interior, for example in the main bar area and the greeting lobby. The design is for an upscale Chinese restaurant in the downtown San Jose area, near to the HP Pavilion. The area includes many of the five-star hotels of San Jose, as well as being located near to San Jose State University. The combination of business, tourism, and retail shopping in the neighborhood is well established. The plan is targeting a second floor location on South First Street in San Jose, above an existing cafe-restaurant establishment. The Sailing Boa t restaurant will also have bar, lounge area, and dance floor so during the weekend it can set up like a club in order to attract more customers. Contemporary Hong Kong Junk in Traditional Style + Source: (Travel with a Challenge, 2011) Concept Development The traditional Hong Kong junk boat is known worldwide as a historical symbol of the city, yet it is a tradition that is rapidly being superseded by new technologies. The Sailing Boat restaurant is based on an upscale Chinese restaurant plan with a specialization in Hong Kong and fusion cuisine. The restaurant will involve the purchase of an antique Hong Kong junk boat and then deconstructing it into a series of panels that will be finished and restored to be used as the side panels in the restaurant. Similarly, the masts, sails, deck, and interior elements will be taken apart from the antique boat, restored, and used to build the bar, restaurant decorations, and main lobby / greeting area. The panels of the ship will be reconstru cted in the restaurant interior following a plan developed by Robert D. Henry Architects in New York, and will involve a renovation of the location as well as specialist crew for the ship preservation work. Restaurant Interior - Robert D. Henry Architects, New York (Interior Design News, 2011) The antique wood from the ships sides will be reformatted into panels approximately 10 to 12 feet square that will provide the covering for the walls behind the tables in the dining rooms, lounge, bar area, reception, and lobbies. Contemporary wood floor tiles will be used and the antique Hong Kong junk ship’s elements will be used in the corners, to build buffet elements, as the bar, and in the lounge are as a special theme. The antique Hong Kong junk ships typically had an elaborately carved set of railings, hull, and upper deck that will be perfect as the backdrop of a restaurant. By abstracting the ship elements into a modern restaurant design, the decor of The Sailing Boat

The end of the book Essay Example for Free

The end of the book Essay Mr and Mrs Birling are holding onto a pretence and are proud and do not want to be proven wrong. Unlike Sheila who has become humbled through this conversation in the evening.  After the family discover that the Inspector was a hoax, Sheila still does not believe he came to trick them; she thinks he came to teach the Birlings and Gerald a lesson about unselfishness and caring for others rather than themselves. She says that the facts are still the same, that the family were still very selfish and uncaring. Sheila is the character who has learnt the most. Her refusal to retake the engagement ring shows that she has matured at the end of the evening. She approaches Gerald in a different manner, as she now understands that she doesnt know Gerald properly, the way she should. She has to start all over again to get to know him. She realises that she and Gerald must be honest with each other if theres to be any relationship between them. She says, You and I arent the same people who sat down to dinner here. Wed have to start all over again, getting to know each other There could be many explanations for why Sheila Birling responding to the Inspectors and why her father Mr Birling did not. Sheila reacted very positively and understood the Inspector because the Inspector was asking at her lever; a level that she would understand.  Sheila is more of a sensitive character and is very vulnerable; someone can very easily make her change her views. Since she is still young, and she is not set in her ways, she has not yet created her own philosophies and ideas as her father has; she can be influenced by the opinions of other, especially as this Inspector had an imposing presence and also used very emotional tactics to convey his message.  As proven at the end of the play, the Inspector was in reality not an Inspector. The author leaves us in suspense as to who this may be.  I believe, Mr Goole could be a socialist who has been studying the case of Eva Smith for many years and now realizes all the trouble she has gone through, decides to teach the Birlings a lesson, as to show them how selfish they are. He could also be a prophetic character from the unreal world, like for example, an angel or a fairy come on behalf of the poor oppressed young Eva, again solely to teach the family a lesson.  Mr Goole could also be a friend or relative of Eva Smith who cares about Eva and is very upset and angry about how she has been treated, therefore comes to avenge her oppressors in some way.  He could be some sort of prophet or messenger come from God to avenge the poor girl and to teach the Birlings something important. He could be a polite Inspector from another district who came to work on the case.  J.B. Priestley is a sociologist and in the play, the Inspector expounds many socialist ideas about having a fair world, etc. Therefore, the Inspector is representing Mr Priestley as a sociologist to convey his message to viewers.  The Inspectors voice is also the authors voice; all the authors ideas and philosophies are portrayed as correct with the help of the Inspector and Mr Birling, who is a capitalist and proven wrong at the end of the book.