Top Tips of Student Term Papers

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Auditor Independence Corporate Governance â€Myassignmenthelp.Com

Question: Discuss About The Auditor Independence Corporate Governance? Answer: Introduction The incidence of corporate failure is on the rise and in order to retain the confidence of the investors it becomes imperative to analyse the underlying reasons and thereby provide recommendations to avoid future bankruptcies. On the surface, the trigger for bankruptcy and subsequent liquidation is essentially the outstanding liabilities whose quantum far exceeds that of the available asset. However, the real cause in most of cases lies elsewhere which actually leads to the problem of the liabilities increasing to such an extent. Very rarely is this a short term phenomenon and usually the business inches towards bankruptcy in the long run. In order to analyse the role of liabilities in corporate bankruptcy, some actual corporate bankruptcies witnessed in Australia have been analysed so as to bring clarity on the matter besides offering recommendations for the future. Analysis In order to analyse the given problem, three cases have been selected to shed light on the various aspects that led to bankruptcy and to narrow down any common aspect which is noticeable in each of these cases. The three companies are ABC Learning, HIH Insurance and One Tel which essentially belonged to different sectors and have undergone bankruptcy in the first decade of the 21st century. ABC Learning The company came into existence in the late 1980s but post listing on the ASX, it shot into prominence owing to the ambitious plan for expanding the reach. In a short time period only, the company was able to scale the spread of ABC centres across various geographies in a bid to deliver superior returns to shareholders. However, the expansion strategy had one crucial flaw which was in the form of lowering service quality as the management seemed so obsessed with scaling the reach that quality took a back seat. As a result, the very strategy that was to deliver superior returns for shareholders destroyed their wealth (CPA, 2012). HIH Insurance The business started operations in 1968 but the growth phase of the company happened only post 1990. The company acquired a number of companies as it not only enhanced the geographical presence but also the insurance products on offer. The net result of this strategy was that by the turn of the century, the company had more than 100 subsidiaries with foray in different insurance segments coupled with geography. However, the company became bankrupt owing to the huge insurance contracts related liabilities. But, details revealed later clearly indicate that these were on account of imprudent risk management practices and concealing of the same through quid pro quo relation with the external auditor. This ensured the continuance of faulty business practices to such a period when there was no turning back (Mak, Deo Cooper, 2005). One Tel The company emerged as a prominent telecom player before filing for bankruptcy on account of huge business losses. However, this was not sudden and could be attributed to faulty sales penetration policy which led to huge losses which were then concealed through shoddy corporate reporting practices. To the external users, only the rise in market share and the subscriber base was highlighted and the losses were not reflected. As a result, the company management continued with the aggressive expansion policy which essentially contributed to the losses which became so large and eventually sustainable leading to company filing for bankruptcy (Monem, 2009). Causes of liquidation- ABC Learning When the company listed, it started expanding the presence of centres and announced an expansion plan which the management implemented with success and the stock price rose. However, in a bid to expand, the management lost the major strength of the company which was the quality of services. There was in increase in the complaint level which was faced due to lack of staff and hence the reputation of the company suffered. However, the management did not address these issues (Arens et. al., 2013). The sole concern of the management was to carry ahead with setting up more centres without considering the falling service standards and the overall impact on the brand. The company also acquired certain businesses so as to provide an entry into new markets. However, this intrinsically incorrect business strategy essentially backfired when the financial crisis began and the company had to file for bankruptcy (Kaplan, 2011). The downfall of the company could be attributed to the falling quality standards, shifting customer loyalty coupled with lapse in corporate governance issues and corporate reporting. An instance of shoddy corporate governance practice relates to favour in terms of lucrative maintenance contract and sponsorship being extended to a relative of a particular director. These instances lead to fall in investor confidence and filing of bankruptcy (CPA, 2012). Causes of liquidation- - HIH Insurance The company after the humble beginning made attempts to expand the business of the company through expansion strategy post 1990. With regards to business expansion, there is always the increased risk which need to be taken into consideration and the management is expected to take prudent actions to keep liabilities within control. However, the management at HIH insurance did not manage the risks and had to pay the price for this huge expansion by declaring bankruptcy (Mak, Deo Cooper, 2005). The insurance business is inherently risk and the various steps should be taken by the management taking into cognizance the associated business risk (Gay Simnett, 2012). However, this is found missing here as for enhancing the customer case in a new market (USA), the premiums were kept at so low level that the underlying risk become very high and thus, huge losses were sustained which could have been avoided through prudent management action. Besides, the acquisition strategy of the company wa s also flawed as apparent from the acquisition of FAI where due diligence was lacking and high premium was paid which put further strain on the business (Mirshekary, Yaftian Cross, 2005). Further, instead of following the provisioning norms for limiting underwriting risk, the management adopted the more risky and unsustainable reinsurance model and ventured into insurance of planes and ships which Is considered higher risky. Also, on account of quip pro quo relation with the external auditor, these glaring efficiencies were never brought to light and hence bankruptcy was inevitable for the company (Mak, Deo Cooper, 2005). Causes of liquidation - One Tel The key deficiency with One Tel was also a flawed management decision to expand business which taking the bottomline into consideration and then using the shoddy reporting practices and internal controls to hide the impact of these. As a result of the falling standards of corporate reporting, the internal and external decision making suffered since the financial statements could not be trusted. A contributory factor to this was that the internal controls were compromised by the top management and information was only selectively captured. The interest of the management only was solely on the subscriber base increase without considering if the shareholder wealth is being created by this practice or not. The losses arising from this strategy were concealed so that no external user could object (Gilbert, Joseph Terry, 2005). In relation to financial performance reporting, the comparison drawing was virtually impossible in an environment where the accounting policies had become so volatile. The sole concern for the choice of the accounting policies was that a stable performance could be presented to the shareholders which provide support to the share price. Hence, there was frequent switching of the applicable accounting policy so as to suit the agenda of the management and they had absolute control on the results reported as the independence of the external auditor was severely compromised. As a result, the faulty policies continued unabated amidst falling corporate governance norms and the only way for this to stop was the losses to become so huge that it virtually becomes impossible to conceal leading to bankruptcy which is what essentially transpired (Monem, 2009). Mismanagement Issues A common observation A common theme which is observable in all the above bankruptcy cases is the failure on part of the management in terms of wrong business strategy and then taking inappropriate (and at times illegal) measures to conceal the disastrous results of the same. Take for instance, ABC Learning where the management focus was essentially restricted only to expansion without taking requisite measures to stop the downfall in quality. It should have been obvious to them that such a strategy was not sustainable as essentially this would lead to erosion of brand, reputation and profits. However, the management made no attempts to rectify the issue at hand and instead compounded the problem by concealing the effect of such a policy. As a result, there was systematic deterioration of the financials which the management was aware but the failure on their part was the prime reason for the liabilities becoming so huge that liquidation was the only choice left for the company (Bhagat Bolton, 2008). For HIH Insurance, the ambitious expansion policy with minimal risk containment led to the downfall of the company. The management desired to venture into highly risky avenues in the insurance business and deployed aggressive premium pricing on one hand while on the other their risk management strategy was inherently wrong and inconsistent with the industry practice of deploying provisioning norms. Further, the decisions were taken without adequate consultation and due diligence and the impact of the same were concealed with the help of compromised independence of the external auditor. As a result, the business became a virtual time bomb and eventually exploded resulting in business liquidation (Mirshekary, Yaftian Cross, 2005). Further in relation to One Tel also, a similar observation can be made where an expansion of subscriber base was implemented in manner which led to huge losses but the management made no attempts to alter the strategy and instead tried to portray the strategy as a success. This ensured that they continued with the policy which eventually led to mounting losses and subsequent business failure (Brown Caylor, 2009). Recommendation The research that has been conducted using the three companies clearly indicate that the business failure is not the result of mounting liabilities but rather the wrong decisions taken by unethical management which have continued with the faulty practices for long by compromising the corporate reporting and corporate governance measures. Hence, the emphasis needs to be on ethical management for which the accountability of the top executives needs to be fixed which to an extent has been catered to by the enactment of Corporations Act 2001 which enlists the directors duties and also imposes punishment for violation of these (Arens et. al., 2013). Also, the improvement in corporate governance is essential so that the corporate disclosures and internal control mechanism can be strengthened. Two essential parameters in this regards are expanded role of non-executive directors and also ensuring the independence of the external auditor (Gay Simnett, 2012). This would go a long way in ensur ing that bankruptcy is not caused as the faulty business practices are brought to light on time. In the Australian context, measures have been taken to ensure the above two through CLERP reforms (Clout Chappelle Gandhi, 2009). Conclusion In accordance with the above discussion, that the actions of the management coupled with weak corporate governance norms seem to be responsible for the bankruptcy of business. This is the reason which effectively leads to mounting liabilities and eventually liquidation of business. The management strategy pursued in all the discussed cases was driven by the short term purview and did not aim at creating long term value for the shareholders. Also, the weak corporate governance norms and internal controls allowed the management to collude with the auditor leading to the concealment of all wrong policies till the time the losses become very huge. Prudent corporate governance measures coupled with higher auditor independence and higher accountability of directors would ensure that the incidence of these frauds tends to decrease and various steps have been taken by the government and regulators in this regard. References Arens, A., Best, P., Shailer, G. and Fiedler,I. (2013). Auditing, Assurance Services and Ethics in Australia, 2nd eds., Sydney: Pearson Australia Bhagat, S. and Bolton, B. (2008), Corporate Governance and Firm Performance, Journal of Corporate Finance, Vol.14, No.3, pp. 257-273. Brown, L and Caylor, M. (2009), Corporate Governance and Firm Operating Performance, Review of Quantitative Finance and Accounting, Vol. 32, No. 2, pp. 129-144. Clout, V, Chappelle, E and Gandhi, N (2013), The impact of auditor independence regulations on established and emerging firms,Accounting Research JournalVol. 26, No. 2, pp. 88-108 CPA (2012). ABC learning collapse case study., CPA Website, [online ] Available at https://www.cpaaustralia.com.au/professional-resources/education/abc-learning-collapse-case-study [Accessed September 14, 2017] Gay, G. and Simnett, R. (2012), Auditing and Assurance Services in Australia, 5th eds., Sydney: McGraw-Hill Education Gilbert, W., Joseph J. and Terry J.E (2005), The Use of Control Self-Assessment by Independent Auditors. The CPA Journal, Vol. 3, pp. 66-92 Kaplan, R.S. (2011). Accounting scholarship that advances professional knowledge and practice. The Accounting Review, Vol. 86, No.2, pp. 367383. Mak, T., Deo, H. and Cooper, K. (2005), Australias Major Corporate Collapse: Health International Holdings (HIH) Insurance May the Force Be with You, Journal of American Academy of Business, Vol. 6, No.2, pp. 104-112. Mirshekary, S., Yaftian, A. and Cross, D. (2005), Australian Corporate Collapse: The Case of HIH Insurance, Journal of Financial Services Marketing, Vol. 9, No.3, pp. 249-58. Monem, R. (2009), The Life and Death of OneTel, Griffith University, [online] Available at https://www98.griffith.edu.au/dspace/bitstream/handle/10072/42673/74746_1.pdf [Accessed September 14, 2017]

Earnings Disclosures and IFRS

Question: Discuss about the Earnings Disclosures and IFRS. Answer: Introduction: Currently the Target does not provide any kind of investment for Wesfarmers, whereas it depicts a change in its goodwill and asset valuation. However, according to the conceptual framework investment in Target should be recorded as historical costs recoding the overall cash or cash equivalent paid during the acquisition of the company. In addition, under impairment costs the overall decline in intangible and tangible assets of the company could be depicted. In addition, the impairment loses could be depicted from annual report of the company, which in turn help in portraying the adequate financial health. Malone, Tarca and Wee (2015) mentioned that conceptual framework allows companies to take adequate assumption on the overall asset valuation, which could help in strengthening their total assets. On the other hand, Vicentijevic, Jovic and Petrovic (2015) argued that the rising impaired assets of the company are warning signal of unethical measures used in preparing annual report of the organisation. Thus, in impaired expense Wesfarmers could conduct the overall investment of target. Depicting the relevant accounts in which Wesfarmers recorded investment in Target: Wesfarmers mainly recorded the overall investments conducted in Target in form of impairment expenses in their 2016 annual report. In addition, the impairment expenses conducted by Wesfarmers are mainly recorded in profit and loss statement. Moreover, there is no other accounts accept the notes to financial statement where Wesfarmers mainly conduct the impairment disclosure. In this context, Darrough, Guler and Wang (2014) mentioned that notes to financial statement holds all the relevant explanation for the listing conducted in cash flow, income, and balance sheet statement of the company. Furthermore, under the expense section of notes to financial statement impairment expenses of both Goodwill and plant is mainly mentioned. Moreover, segregation of impartment expenses on Target is not provided in the financial accounts, whereas it is mentioned in notes of finance. In page 86 of the annual report income statement of Wesfarmers is mainly depicted, which contains description of the i mpairment expense enlisted in total expenses. Besides, in page 97 of the annual report mainly depicts the notes of expenses, which contains the impairment expenses listed by the company. Filip, Jeanjean and Paugam (2015) stated that impairment loss is mainly recorded for disclosing the loss in value, while the company conducts no actual cash outflow. Depiction of the changes in goodwill is portrayed in page 102 of the annual report. Figure 2 mainly states the division of impairment expenses recognised by Wesfarmers for Target. The impairment expense of Target is mainly mentioned in the page 118 of annual report, which is adjusted in goodwill and plants. Moreover, around $1,208 million is depicted as goodwill revaluation, which mainly states the change in current strategic plan of Target (Wesfarmers.com.au 2017). Moreover, decrease in the overall plant and equipment is conducted to depict the overall loss incurred from revaluation. Jordan and Clark (2015) stated that companies to depict accurate value of the non-current assets mainly conduct revaluation of assets. Moreover, Wesfarmers also listed impairment expenses conducted on Curragh by revaluing the predominantly plant, vehicles and equipment. Depicting the impact asset write-down had on profitability of Wesfarmers: The overall impairment expenses mainly decreased the overall profitability of the company for current fiscal year. In addition, the impairment expense mainly increased the total expenses incurred in the income statement. Moreover, decline in revaluation of plant and goodwill could be witnessed in balance sheet. The asset write down had impact on both income and balance sheet statement of Wesfarmers. Linnenluecke et al. (2015) mentioned that impairment expense are non-cash spending, which has no effect on cash flow statement of the company. In addition, the news of more than 2 billion in impairment loss has negatively reflected on the share price of Wesfarmers. Lastly, the impairment loss mainly decreased the net profit of the company from $2,440 in 2015 to $407 in 2016 (Wesfarmers.com.au 2017). Depicting the impact of investment in Target on the financial performance of Wesfarmers: The overall figure 3 mainly states the investments conducted by Wesfarmers in Target and performance generated from the venture. However, in 2016 the overall return on capital employed went negative to 8.2, which was due to the declining profits achieved by the company. In addition, negative EBIT of 195 incurred by Target mainly resulted in profit reduction of Wesfarmers. This decline in EBIT mainly included the restriction provision of $145 million, but excluded the $1,266 million of non-impairment cash (Wesfarmers.com.au 2017). This change in the EBIT mainly states ability of the company to generate higher revenue, which in turn hampers Wesfarmers annual profits. The loss and impairment generated by Target mainly declined both its revenue and profits of Wesfarmers for 2016. Malone, Tarca and Wee (2015) mentioned that impaired lose incurred by companies does not reflect on the actual cash flow, while net profits decline for the fiscal year. This fall in non-tangible assets such as g oodwill mainly depicts the change in strategic move of the company, which does not project the required future growth. Thus, the evaluation of the annual report mainly states that the investment in Target is mainly a liability for Wesfarmers, which is mainly degrading the creditability of the company. In addition, the losses in impairments have negatively reflected on the share price of the company, as shareholders are uncertain of the growth prospects (Nugent, Pomelnikov and Webb 2017). Depicting the impact of Woolworths profit after investment in Masters: The annual report of Woolworths mainly depicts the discontinuation in the operations of Master, which was due to increased loses incurred by the subsidiary. In addition, figure 4 mainly depicts the overall decline in EBIT of Master, which contributed negatively to the overall profits of Woolworths. Moreover, exiting the overall Masters could inflict a total loss of $1.89 billion (Woolworthsgroup.com.au 2017). In addition, the declining profits of Masters negatively reflected on the overall income statement of Woolworths for 2016. In addition, the loss from discontinued operations, $3,188, was the main expense, which reduced the overall profits of the company. Roberts (2013) mentioned that losses from subsidiary companies are directly reflected on the overall performance of the parent company, which in turn reflects on the strategic move adopted by the management. Figure 5 mainly depicts the negative impact of discontinued operations, which increased impaired expenses of Woolworths for 2016. The impairment store cost of $3,005.1 was mainly incurred in 2016, which declined the overall profits of Woolworths for 2016 (Woolworthsgroup.com.au 2017). Vicentijevic, Jovic and Petrovic (2015) cited that impairments expense of plant and machinery and degraded value of its noncurrent assets, which negatively reflects on financial performance of the company. Thus, in page 99 and in 56 overall depiction of investment in Masters could be identified. In addition, it mainly states that Woolworths is mainly discontinuing the operations in Master, which is hampering overall profitability of the company. Reference: Darrough, M.N., Guler, L. and Wang, P., 2014. Goodwill impairment losses and CEO compensation.Journal of Accounting, Auditing Finance,29(4), pp.435-463. Filip, A., Jeanjean, T. and Paugam, L., 2015. Using real activities to avoid goodwill impairment losses: Evidence and effect on future performance.Journal of Business Finance Accounting,42(3-4), pp.515-554. Jordan, C.E. and Clark, S.J., 2015. Do Canadian Companies Employ Big Bath Accounting When Recording Goodwill Impairment?.International Journal of Economics and Finance,7(9), p.159. Linnenluecke, M.K., Birt, J., Lyon, J. and Sidhu, B.K., 2015. Planetary boundaries: implications for asset impairment.Accounting Finance,55(4), pp.911-929. Malone, L., Tarca, A. and Wee, M., 2015. Non-GAAP earnings disclosures and IFRS.Accounting and Finance. Nugent, J.H., Pomelnikov, A. and Webb, K., 2017. Intangibles: The Impaired Accounting Challenge. Roberts, P.W., 2013. The profit orientation of microfinance institutions and effective interest rates.World Development,41, pp.120-131. Vi?entijevi?, K., Jovi?, Z. and Petrovi?, Z., 2015. The impact of impairment of receivables on the reality of financial reporting in the Republic of Serbia. Wesfarmers.com.au. (2017). [online] Available at: https://www.wesfarmers.com.au/docs/default-source/reports/2016-annual-report.pdf?sfvrsn=8 [Accessed 26 Jan. 2017]. Woolworthsgroup.com.au. (2017). [online] Available at: https://www.woolworthsgroup.com.au/icms_docs/185865_annual-report-2016.pdf [Accessed 26 Jan. 2017].

Civil War North and South Similarities and Differences free essay sample

The north and south have always had different viewpoints upon their war. The north had battled because they needed to protect their unity. The south had fought to protect slavery and to keep their own state rights. Both sides had their reasons for battle. Now even though they did battle for different reasons, both sides also had thought that were similar to the other’s. Whether this is view is upon battle tactics or economical advances, the ideas might have been extremely similar. Unbeknownst to the other side, the ideas could easily be compared. Of course, they were many thoughts that were the exact opposite of what the other side was thinking. This essay will help you understand the similarity and differences of the viewpoints of the North and the South. The North was fighting so that they could protect their country and wanted to end slavery. The North at first was fighting the South because they had begun the war, not for the abolishment of slavery. We will write a custom essay sample on Civil War: North and South Similarities and Differences or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Most of the North, including the President himself, was fine with slavery. It Document 1, President Lincoln states that he has no problems with slavery as long as it stays within the states it has already been a part of and not into any new territories. Both sided of this war were trying to fight for the general thing, their freedom of rights. They battled to keep unity within their country. Soon, the President realized that slavery was the reason that the country was being torn apart and finally decided to write the Emancipation Proclamation. The South was fighting because they wanted to keep slavery and the state rights they created after they seceded from the Union. The south seceded from the north because they were tired of complaints from the north about slavery. The seceded states decided to form their own country called the Confederate States of America. These created their own Constitution and created new governments and military. Their federal views were the same it was only the matter of slavery that had divided the South. After the Emancipation Proclamation, many southerners had hatred for the north, but they could not do anything because the Confederate Constitution was abandoned and the country was whole once again. The similarities between both â€Å"countries† were minimal. The ones that did exist however were crucial. For example, the most important one was that both countries were fighting over slavery and state rights. Of course, they views on these topics is a difference. Another similarity is military tactics. Both sides had amazing commanders and both knew many tactics. Once again, a  the tactics were different but either way brilliant. The standards for getting soldiers were also the same. Both sides had set a drafting law to make sure their soldier count would increase. Now, the similarities are a short amount but they are extremely important. Of course there are many more differences in this rebellion. The most important difference between the two sides is their view on slavery. The Union has two different views upon it. They believe that it is fine but only if it does not enter new states.The other view was that it should be rid of completely. On the Confederate side, the view was the same all over: slavery is the only way of life for them. In one document, this views are all stated by 2 Union soldiers, and one Confederate general. Also, their economy was another problem. The North was an industrial wonderland. The South needed agriculture to fuel their economy

An Example of a Stanford Essay Sample

An Example of a Stanford Essay SampleAn example of a Stanford essay sample is something that a student should take the time to review if they are writing for a final exam. The fact that there are a number of different essays to choose from makes it even more important that a student chooses one that is useful and helpful in guiding them throughout the essay process. While some students may be tempted to write an essay based solely on their own opinions, this is rarely helpful when it comes to writing a good essay.A good Stanford essay sample will allow the student to understand how an essay should be written and more importantly, how the author should feel when they are finished. A good essay will allow the reader to think about what the writer is trying to accomplish and why. While a good essay does not necessarily have to come from the writer, it can help the student achieve this.There are a number of different essays that are included with Stanford sample papers. Some examples inc lude those which revolve around romance, funny stories, or even theories on art and culture. All of these essays can be used by any student looking to take their study skills to the next level.English is an extremely difficult subject to master but it does not have to become an entirely depressing one. It is not something that can be taught in a class or taught in a few months but can instead be learned by just taking the time to write. If a student chooses to learn how to write an essay then they should take the time to go through a Stanford essay sample.Most students do not consider an essay as something that they need to spend time on unless it is part of a final examination. This is because they do not know what the writing process can be like. It is highly recommended that any student, including students in college, look into a number of different essays to make sure that they write a great one.If a student does not plan on going through a Stanford essay sample, they should fin d another way to make sure that they can gain the knowledge they need. They can also take the time to look at other essay examples, online and offline, before they take the time to write an essay. In many cases this can be done through the use of an essay writing software that can help students plan out their essays before they even start writing them.A Stanford essay sample may also be taken on by a student who is planning on earning their Bachelor's degree. If a student is very interested in writing they may find that the experience is quite educational and beneficial for them. It is important to remember that an essay may take a great deal of work and effort on the part of the student but this can only be done through constant practice.Students should take the time to check out a number of different essays that are available for the same reasons they look at a Stanford essay sample. When a student has a number of essays that they can choose from, they will have a much better idea of what type of essay they will be working on. This can be especially helpful for a student who is just starting out since it will give them a better idea of what the process is like.

Join The Year-Up Program Essay Sample Essay Example

Join The Year-Up Program Essay Sample Paper I can say the reason I want to join the year-up program is that I am young and very devoted to learning new things. Also, I have reached that point in my life when I realize that I have to be more independent, responsible, and mature. I have to make my own smart decisions to determine how successful Ill be in life. The reason I think I am a good candidate for this year-up program is that Im used to the two terms hard work and determination. The reason I say this is because I started this school on the Southside of Chicago Christian Fenger High School. As I began to go there I realized that high school, in particular, wasnt pushing me to my full potential. I needed something that would push me to my highest limit. My road to the year-up program So I started to look around for better schools in the area. That is when I ran across DeVry Advantage Academy High School. Its a program that gave me the opportunity to graduate with my college degree in Network Systems Administration when I graduate from high school. And Boy did I pick a school, DeVry pushed me to limits that I never thought I had. Coming from a different background I was very quiet and antisocial my junior year at DeVry because I didn’t know how to talk to other races of people, It was a big step and a big change for me. But as I started to go to the program I started to warm up to the idea and the people that I was going to school with on a daily basis was pretty cool. I have learned a lot about different culture and ethnicity. At DeVry, I can’t say that I have made friends I have made the family. There are many words that I could give you to describe me but there is one word in particular that I could say that stands out from the rest, and that word is dedication. My motivation to the year-up program We will write a custom essay sample on Join The Year-Up Program Essay Sample specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Join The Year-Up Program Essay Sample specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Join The Year-Up Program Essay Sample specifically for you FOR ONLY $16.38 $13.9/page Hire Writer When I start something I stick with it to the end, no matter how many people doubt or look down on me I will always stay strong until the end. I have overcome so much in my life to just give up now; when I was 15 years old I lost my mother to cancer. This left me emotionally scared because I was very close to my mother ( Best Friend) and the thought of never seeing her again just killed me inside. As time passed I stopped really caring about a lot of things, such as school and even my own safety. I started to get into a lot of fights and really didn’t care much for school work. I cut myself from friends and family and just stayed to myself. Until one day I heard my father in his room crying it was kind of a shock to hear him that way because I never heard him cry before. Then I realized that I wasn’t the only person that lost someone special. My father was left with 4 children to take care of all by him, I had to realize that he didn’t have help anymore that he had to be the mother and father of the house and the things I was doing was just adding on to the stress from my mother passing away. So then I asked myself the most life-changing questions that I have ever asked myself what would my mother want?, what do I really want out of life? This caused me to go to school do all my work and even start communicating with my family and friends again. Then I realized that I really enjoy learning new things and advancing intellectually. I can say that my worst fear is being a failure Being a grown man wishing I finished high school or college, stressed out trying to figure how I’m about to pay my rent for next month and not being able to provide and help my family when they really need it. Both sister and my brother and even my father have recently had children. This has made life a little more stressful and hard. My brother and sisters have dropped out of college and started work at minimum wage jobs to provide for their children. I sometimes wish I could show them that their lives don’t have to stop here. And show my father that he is not alone and show him that I can be that man that he and mother raised me to be.

The Divided Line and The Allegory of the Cave free essay sample

?It is important to realize, when reading the allegory of the cave and of the line, that Plato means to depict not only four ways of thinking, but four ways of life. To use an example, imagine that a person in each of these stages were asked to say what courage is. The understanding of courage would differ widely from stage to stage. Working with a possible interpretation of the imagination stage, an individual’s notion of courage in this stage would appeal to images from culture. Such an individual might try to explain courage by saying something like, â€Å"Luke Skywalker seems really courageous, so that’s courage. An individual possessed of beliefs would also appeal to a particular example, but the example picked would be drawn from real life. There might be mention of the Marines or New York City firemen. Someone at the stage of thought, in contrast, will try to give a definition of courage. We will write a custom essay sample on The Divided Line and The Allegory of the Cave or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Perhaps they will give the definition offered by Socrates in Book IV: courage as the knowledge of what is to be feared and what is not to be feared. What separates the person speaking from thought from the person possessed of understanding is that the person speaking from thought cannot inform his views with knowledge of the Form of the Good. They are working with unproven hypotheses rather than the true first principle. Even if their definition is correct, it is left open to attack and objection because their grasp of the relevant concepts stops at a certain point. Speaking from understanding, someone giving a definition comprehends all the terms in the definition and can defend each one of them based on the first principle, the Form of the Good. Because the Form of the Good illuminates all understanding once it is grasped, knowledge is holistic. You need to understand everything to understand anything, and once you understanding anything you can proceed to an understanding of everything. All the forms are connected, and are comprehended together in the following way: you work your way up to the Form of the Good through thought until you grasp the Form of Good. Then, everything is illuminated. Since the stages in the cave are stages of life, it seems fair to say that Plato thought that we must all proceed through the lower stages in order to reach the higher stages. Everyone begins at the cognitive level of imagination. We each begin our lives deep within the cave, with our head and legs bound, and education is the struggle to move as far out of the cave as possible. Not everyone can make it all the way out, which is why some people are producers, some warriors, and some philosopher-kings. Given that the philosopher-kings have made it out of the cave, it might seem unfair that they are then forced back in. This is the worry that Socrates’s friends raise at the end of this section. Socrates has three lines of response to this concern. First, he reminds us again that our goal is not to make any one group especially happy, but rather to make the city as a whole as happy as possible. Second, he points out that the philosopher-kings are only able to enjoy the freedom above ground that they do because they were enabled by the education the city afforded them. They were molded to be philosopher-kings so that they could return to the cave and rule. They owe the city this form of gratitude and service. Finally, he adds that the philosophers will actually want to rule—in a backhanded way—because they will know that the city would be less just if they refrained from rule. Since they love the Forms, they will want to imitate the Forms by producing order and harmony in the city. They would be loathe to do anything that would subject the city to disorder and disharmony. Socrates ends by remarking that the reluctance of the philosopher to rule is one of his best qualifications for ruling. The only good ruler rules out of a sense of duty and obligation, rather than out of a desire for power and personal gain. The philosopher is the only type of person who could ever be in this position, because only he has subordinated lower drives toward honor and wealth to reason and the desire for truth.