Mobile Phones Are More of a Nuisance Than a Benefit....

‘Mobile phones are more of a nuisance than a benefit.’ Discuss The mobile phone is a device which has revolutionized the world of technology. In fact the mobile phone started with the keypad buttons and has now attained the ‘touch screen’ system. Nowadays three persons out of five possess a mobile phone. It is a tool which is used everyday and is sometimes essential for someone depending on the type of job, one does. For instance, businessmen use their mobile phones much for transactions or for teleconferencing. However, it is difficult to say whether the mobile phone is more of a nuisance than a benefit. It is a controversial issue as like every technology, it has its drawbacks. Mobile phones have a wireless communication system†¦show more content†¦Chances of Alzheimer’s disease, ear defects and blurring of vision are noticed to be higher in cell phone users. In addition, cell phones damage key brain cells as well as DNA. At school mobile phones distract students. Pupils do not follow in class as they are busy playing with their phones sending text messages, or transferring data of all sorts through the Bluetooth feature. As a result of this excessive us of mobile phones, the academic performance of the students is quite diminished. In fact, a mobile phone ringing in class undoubtedly hinders students in their study. At home it is the family life which is the victim of mobile phones as children as well as parents forsake it. They spend most of their time with their cell phones. In some cases communication is thoroughly absent among members of the family. The excessive use of mobile phones directly attacks the social life of somebody. Due to such popularity, companies are constantly coming up with new software, features and models to attract more buyers and make higher profits. Hence the public would want to install new features and keep their handsets up to date, spending more money and time this way. They could also be tempted into getting hold of the latest phones even if their old ones are functioning, incurring unnecessary expenses without consideration. Furthermore, using mobile phone while driving undeniably increases the risk ofShow MoreRelatedCell Phones Harm Students Academically Essay1663 Words   |  7 Pagescomputer or tablet at their fingertips, students prefer to use a mobile phone for projects, most adults wouldn t undertake without a keyboard and mouse† (Wells D.1). Efforts to incorporate cell phone in the classroom is quickly gaining momentum (Compoy and Harte A.3). In a 2013 poll of 2600 schools, 10 percent of the schools were allowing to use mobile devices this is up from 3 percent in 20 10 (Compoy and Harte A.3). Students of today seem more connected to their wireless devices. For many years teensRead MoreRiordan Proposal Network and Data Upgrade Essay examples4613 Words   |  19 PagesRirodan Manufacturing Telephony and Data Network Upgrade Proposal Team A is proposing a thorough upgrade to Riordan’s phone and data networks. Our proposal will cover a description of the new system, its components and benefits to Riordan, as well as explain the requirements driving the need for the upgrade. We will cover the information used in the phone and data upgrades and discuss any security and ethical concerns of the system. We will be providing Riordan with diagrams of information flow andRead MoreFreemium Business Model21065 Words   |  85 PagesFreemium as a Business Model for Mobile Video SERGEJ KOTLIAR Master of Science Thesis Stockholm, Sweden 2011 Freemium as a Business Model for Mobile Video SERGEJ KOTLIAR Master’s Thesis in Media Technology (30 ECTS credits) at the Media Management Master Programme Royal Institute of Technology year 2011 Supervisor was Christopher Rosenqvist, SSE Examiner was Johan Stenberg TRITA-CSC-E 2011:026 ISRN-KTH/CSC/E--11/026-SE ISSN-1653-5715 Royal Institute of Technology School ofRead MoreSocial Networking Sites-Boon/Bane15517 Words   |  63 Pagesit has got a different dimension. I dont see anything wrong with it. Every generation has its own way of communicating. We cannot judge good or bad behaviour through it, but its the actual behavior which should be a source of concern for them than any secret language, It can also be a source of a rebel cause for a generation that wears Che Guevera T-shirts as Facebook addict Avirat Akre says, Its the Gen-X way of breaking rules when they mistake parenting for pestering and tend to rebelRead More The Ethics in Securing the Internet Essay4456 Words   |  18 PagesInternet Introduction In order to understand the concept of internet security and why it is necessary it would be worthy of analysis to discuss what would happen if not enough of it is provided, meaning that the levels of security are not utilized to the full extents. This is exactly where the big issue of hacking and hackers becomes involved. Hackers can benefit from a wide range of weaknesses in security, break into systems, find the information they need, and eventually change them to fulfillRead MoreData Storage Using Nano-Technology and Electronics5235 Words   |  21 Pagesstorage device integrated with a universal serial bus(USB) interface. Flash is based on the floating gate concept, essentially a modified transistor. USB flash drives are typically removable and rewritable, much shorter than a floppy disk (1 to 4 inches or 2.5 to 10 cm), and weigh less than 2 ounces (60 g). Storage capacities typically range from 64 MB to 64 GB with steady improvements in size and price per gigabyte. Some allow 1 million write or erase cycles and have 10-year data retention, connectedRead MoreManagement and Business22027 Words   |  89 Pagessome form of IT. Further, more employees are becoming reliant upon IT for some of their daily tasks or even may perform the majority of their daily work using IT. However, IT has not only become pervasive in the workplace: IT can also commonly be found in the home and in public areas. In fact, by the end of the 1990s, these technologies had become so commonplace that airplane passengers today are instructed as to when the use of computers and cellular phones are and are not permittedRead MoreNebosh Diploma Note Unit C22654 Words   |  91 PagesNon-Destructive Testing Techniques –Advantages Limitations ................................................. 37   Page 3 of 89 Non-Destructive Testing – Purpose, Principles, Advantages Disadvantages............................ 38   NDT – Principles, Benefits Limitations – Dye Penetrant Radiography ................................... 39   CE Marking – Supply of Equipment ............................................................................................... 40   Thorough Examination – LiftingRead MoreThe Role of Advertising in Marketing Communications9872 Words   |  40 Pagesfrom dealers is doubtful: In many cases, the dealers do not cooperate in providing the merchandising support nor do they pass on any benefit to consumers. The retailer might not be willing to give support because he does not have the place, or the product does not sell much in his shop, or may be he thinks the effort required is more than the commission/benefit derived. 4. Short-term orientation: Sales promotions are generally for a short duration. This gives a boost to sales for a short periodRead MoreMarketing Management 14th Edition Test Bank Kotler Test Bank173911 Words   |  696 Pagesimportance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firms intangible assets. D) It is more important for bigger organizations than smaller ones. E) It is seldom used by nonprofit organizations. Answer: B Page Ref: 4 Objective: 1 Difficulty: Easy 2) ________ is the art and science of choosing target markets and getting, keeping, and growing customers

A Separate Peace - 1959 Words

In John Knowles’ novel A Separate Peace, it begins with the protagonist, Gene Forrester coming back to his alma mater the Devon School in New Hampshire. Wandering through the campus, Gene makes his way to a tall tree by the river; the reason for his return. From here he takes the reader back to the year 1942 during World War II when he was in high school. During the summer session of 1942, he becomes close friends with his daredevil roommate Finny. Finny is able to convince Gene into making a dangerous jump out of a tree into a river, and the two start a secret society based on this ritual. Gene slowly begins to envy Finny’s athletic capabilities and his innocence, and thinks that Finny envies him in return. Gene finally realizes†¦show more content†¦A more obvious way of seeing his leadership is the way that he is described as â€Å"the hub of the class† (87). Hub is a synonym for the center of something, or the heart and core. If someone is descr ibed as the hub of the class, then it means that they are the person that keeps the class together. The final way I was able to see Brinker’s leadership was towards the end of the book. Even though he had transformed to a more rebellious way, there was still a sign of his authority when he had arranged the trial in the Assembly Hall. His wanting to know the truth that was hidden from him drove him to hold the meeting in order to find it. Gene is definitely a dynamic and round character unlike Brinker who is a static and flat character. Gene changes very significantly in the story. He struggled a lot with finding himself and his identity, so much that he believes that he is a part of Phineas. Oddly enough, this sort of makes sense. One way to think about it is the guilt – Gene was so disgusted with himself for having caused Finnys accident that he cant bear to be himself, so he becomes someone else: Phineas. Another explanation is that because the struggle to define him is so difficult, he’s simply borrowed someone elses identity instead of creating one for himself. But once Finny is gone, Gene has to rely on himself to make decisions and make up his own rules. At the end of the novel as Gene is reflecting fifteen years later, he says that â€Å"[his warShow MoreRelatedEssay On A Separate Peace1916 Words   |  8 PagesA Separate Peace Honors English Essay By Devin E. Price From juvenility to maturity, A Separate Peace combines classic American Literature with a thoughtful plot-line that is developed to affect the readers’ mind and heart. The author, John Knowles of Fairmont, West Virginia, had one clear purpose for writing this book. This purpose was to show the disastrous mental and physical problems which arise as the result of war, specifically the repercussions they have on the home front. A goodRead More A Separate Peace Essay753 Words   |  4 Pages A Separate Peace Dealing with enemies has been a problem since the beginning of time. â€Å"I never killed anybody,† Gene had commented later in his life, â€Å"And I never developed an intense level of hatred for the enemy. Because my war ended before I ever put on a uniform, I was on active duty all my time at Devon; I killed my enemy there.† In A Separate Peace, by John Knowles, the value of dealing with enemies is shown by Gene, who was dealing with few human enemies, but his emotions created far greaterRead MoreSummary Of A Separate Peace1859 Words   |  8 PagesJoseph Post Mrs. Weber    English 9 Honors, Period 2    Oct 10, 2017 Chapter 7, A Separate Peace Summary  Ã‚  Ã‚   In chapter 7 of the novel, A Separate Peace, written by John Knowles, Gene gets to know Brinker a little more, making him come out of his shell that he was in because of the absence of Phineas. He and Brinker like to joke around a lot, and one day, Gene feels like it was too serious. One day, they went down to the butt room, because they felt like a smoke, and while Brinker was fooling aroundRead MoreA Separate Peace Essay examples1290 Words   |  6 PagesBrittany Schafer September 21, 2012 Period 4 A Separate Peace Final Draft In the novel A Separate Peace by John Knowles, it relates to a complicated friendship of two young boys Gene and Phineas. Gene is jealous of Phineas’ achievements and lets his anger destroy their relationship. The boys at Devon in the summer of 1942 have to deal with the fear World War II brings. Each time the boys feel safe and peaceful, reality sets in and reminds them of the warfare around them. The boy’s mentalRead MoreA Separate Peace, by John Knowles1079 Words   |  5 Pagesaggressive nature of the people often cause it to proceed without justification. In A Separate Peace, wars such as these are seen between the characters and within the characters of Gene and Phineas. These wars can be thought of as figments of imagination, founded on irrational assumptions, fears of the unknown, and nonexistent threats. Regardless of their origin, the enemy is always daunting. John Knowles’ A Separate Peace reveals Gene’s perceived war with Phineas and Phineas ’ internal conflict with WorldRead MoreA Separate Peace By John Knowles1078 Words   |  5 PagesStephen King once said, â€Å"Books and movies are like apples and oranges. They both are fruit, but taste completely different.† John Knowles’ novel A Separate Peace which is also a movie by Peter Yates, both have the same theme and plot, however, there are minor adaptations that are made to the movie which fail to capture the nature of the characters. A Separate Peace is set at a boys’ boarding school in New Hampshire during World War II. It is the story of Gene Forrester, and his confused feelings of admirationRead MoreA Separate Peace: Three Symbols716 Words   |  3 PagesA Separate Peace: Three Symbols The three dichotomous symbols in A Separate Peace by John Knowles reinforce the innocence and evil of the main characters, Finny and Gene. Beside the Devon School flow two rivers on opposite sides of the school, the Naguamsett and the Devon. The Devon provides entertainment and happiness for Gene and Finny as they jump from the tree into the river and hold initiations into the Super Suicide Society of the Summer Session. Finny, Gene, and their friends use theRead MoreA Separate Peace By John Knowles1529 Words   |  7 Pagesand violence. Whether one is directly involved in the battlefield or waiting to see the outcome, war has the capacity to affect all people. It can harden one beyond their years and force them to grow, seeing conflicting sides of good and evil. A Separate Peace by John Knowles narrates the story of young boys growing up with World War II as the backdrop. The war impacts them dramatically and is constantly thought about as they are coming of the age since they will soon be enlisted. However, not onlyRead More A Separate Peace Essay example1149 Words   |  5 Pages A Separate Peace: by John Knowles nbsp;nbsp;nbsp;nbsp;nbsp;During World War II in the struggle for peace among nations comes a smaller, but still significant struggle, in a prep school boy becoming a man and waking up to reality. nbsp;nbsp;nbsp;nbsp;nbsp;In the book A Separate Peace, the author John Knowles, creates the image of two sixteen-year old boys struggling to keep what little sense of peace they know, even though there is a war going on all around them. Gene Forrester, theRead MoreA Separate Peace By John Knowles1148 Words   |  5 PagesA Separate Peace by John Knowles: Boys to Men The boys at the Devon school, in the novel A Separate Peace, written by John Knowles, are World War II influenced by making them mature and grow up more quickly than they would have had there not been a war. The war makes some boys stronger and more ready for whatever life would bring, while in others it disables them to the point that they cannot handle the demands of life. This novel shows a â€Å"coming-of age† story, especially with three boys. Gene starts

Child Rearing The Wonder Years - 1004 Words

Child Development: The Wonder Years Elizabeth Willis-Satele October 19, 2014 PSYCH 600 Matthew Warren Introduction Child rearing is perhaps one of the most amazing, scary, fun-filled moments in a person’s life. Raising a child requires a lot, from financial to emotional support, which at times can be challenging. There is no definitive line when defining an appropriate way to raise a child, even when times are always changing as well as culturally acceptable methods. In today’s society, Americans send their children off to school every day. However, in some countries like Pakistan, where Malala Yousafzai lives (an advocate for the rights of girls to get an education), educating girls is frowned upon (Yousafzai, 2013). In different times and different cultures we see different trends, and although times will continue to change, one thing is certain, a child’s development. Here we will see the different stages of child development and how a child develops physically, emotionally, psychologically, and cognitively. Ages: 2-5 Years - Early Childhood The physical changes we see during these times are an increase in balance and a transition from walking to running also occurs during this time (Berk, 2010). Although the body does not grow as rapidly as it did during their earlier years, there is still grown in height and weight. A child is able to begin performing regular activities of daily living such as dressing and feeding themselves. Children also begin toShow MoreRelatedParenting Techniques for Babies Essay852 Words   |  4 PagesThis is not only to keep them occupied, but also to keep the parents content with the behavior of the child. The prevailing parenting technique in our culture, therefore, seems to be that of constantly stimulating the child in order to somehow produce some sort of super baby. With new distractions and studies arriving daily that are meant to boost the earliest form of intellect within the child, you would expect the babies who are raised in this society to end up b eing geniuses by the age of 5. UnfortunatelyRead MoreGuidelines : Guidelines On Discipline1015 Words   |  5 Pageslot of absolutes. He said there is a lot to consider such as the age and maturity of the child† (Sowinski). The style of encouraging discipline changes somewhat as children get older. At whatever age, the goal is not to punish, but rather to teach self-control and the difference between what are considered acceptable and unacceptable behaviors (Disciplining kids changes with age). Many people who deal with child behavioral problems say that there is no â€Å"one-size-fits-all† strategy and parenting isRead More stop spanking: save the children Essays1258 Words   |  6 Pages Spanking has been used for many years and it must come to an end. Also known as corporal punishment, spanking is most often used as a form of discipline. Although it is said to have some benefits, the negative consequences far outweigh the good. According to Dr. Wilson and Dr. Lyon, â€Å"physical punishment delivered in anger with the intent to cause pain is unacceptable and dangerous to the health and well being of the child.†( Guidance for Effective Discipline, online) It is important for spankingRead More`` Girl Interrupted `` : A Of A Woman Named Susanna Kaysen1293 Words   |  6 Pagesso bold, vibrant, deceitful, corrupt, and intrusive all at once. Over the years, her personality was known by many names. Labels consisting of Mania without delirium, moral insanity, egopathy, sociopath, and psychopathy (Barlow Durrand, 2015). Her personality is known today as Antisocial Personality Disorder (Antisocial PD) which is consider a cluster B personality on the DSM-5 (Barlow Durrand, 2015). One must wonder, how can a personality be as unsettling as Lisa’s, why has she become thisRead MoreParenting Styles1525 Words   |  7 PagesParenting children is probably the most important, difficult, and thankless job in existence. I should know, I am the father of two girls; one is 27 years old and the other is 25, and now a grandfather as well. I have heard many people say things like: â€Å"I raise my kids the way I my parents raised me† (while complaining about the things that their parents’ did), â€Å"I am doing the best that I can† (then learn to do better), and â€Å"children should be seen and not heard† (This was my father’s favorite).Read MoreMy Personal Statement For My Children882 Words   |  4 Pagesmake our home without inconvenience. I do my work by his side when it is needed and called for. I care for my children as I can but most of the time to the older children take care of the younger just so we can have clean clothes, and food to eat. I wonder what is out there that is more for me. Every day I worry how we will have milk for porridge the following day. My children cry out for food at times but other things must be taken care of such as the rent. We must keep a roof over their heads so theyRead MoreGuilt, An Emotional Rollercoaster. . Robin Gibb, A Famous,906 Words   |  4 Pages Guilt, an Emotional Rollercoaster Robin Gibb, a famous, British songwriter once said, Rarely do I attach guilt to something pleasant. Life is too short. Often, people go through life and do things they are not proud of; yet, years later the guilt returns to haunt them. In Russell Baker s chapter of Growing up, and Tillie Olsen s narrative, I Stand Here Ironing, guilt comes to surface at a time when all seems lost. The stories depict the remorseful feeling one gets when flashing back inRead MoreThe Andre Yates Case : Crime And Delinquency1602 Words   |  7 Pagesconceiving her first child. Andrea was 25 when she met her husband Russell â€Å"Rusty† Yates, after dating for three years they married in 1993. Russell was a deeply devout, religious man who â€Å"preached austerity† and ruled the roost, so to speak, in his house (). A friend of Andrea’s described Russell as â€Å"controlling, emotionally cold, critical, and demanding† (). Russell, who made all of the important decisions in the relationship, wanted many children. Less than a year after their marriageRead MoreThe Parenting Styles Of The Children948 Words   |  4 Pagescreating emotional and behavior problems in the children. uninvolved parents are often depressed, their feelings of sadness and withdrawn can be mild to severe, lasting a brief period of time or go on for many months or even years. This type of parenting is detrimental to the child s developmental that will be evident in many , if not all aspects of his or her life. In contrast to uninvolved, parents who use the authoritative style of parenting are responsive; however, are much more demanding of theirRead MoreEssay about A Study Of Depression And Relationships1172 Words   |  5 Pagesand Kenneth Jaffe. nbsp;nbsp;nbsp;nbsp;nbsp;This study focuses on the idea that the type of care received in childhood, positive or negative, has a great effect on relationship functioning later in adulthood. But there are two links between child-rearing and relationship functioning: attachment style and depression. Both derive from the type of care received in childhood and affect relationship functioning, and both exert a reciprocal influence on each other in adulthood. The researchers of this

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