Bussiness Accounting Assignment Example | Topics and Well Written Essays - 3000 words

Bussiness Accounting - Assignment Example All users will have access to the published accounts of a business such as the accounts filed with the registrar of companies by a limited company. The value of any interpretation of company accounts is restricted by the deficiencies of the accounts themselves as a tool for decision making. Published accounts present a very limited amount of data i.e. depending upon which profit format under the 1985 companies account is chosen a limited company may not disclose cost-of-sales. Another problem that arises in the use of published accounts is that the reporting entity may not be the business unit that the user is concerned with i.e. if a company is engaged in several types of activity then an employee in one particular section of the business unit will not be able assess the employee prospects in that particular part of the business by reference to the published account of the company as a whole. b. Assets consumed are recorded as expenses in the profit statement as historical cost although the cost of replacement will be higher. Therefore it is argued that the profit figure is over-stated in terms of real increase in value obtained by businesses. d. c. Assets shown in the balance sheet are recorded as historical cost although as a result of price level changes, though their current value may be substantially higher d. The contents of published financial statements are largely prescribed by the companies acts(supplemented by SSAPs and FRSs ) most organizations treat the companies act as the maximum disclosure requirement and do not give much information to outsider on the grounds of confidentiality and maintaining competitive advantage. e. Published accounts look backwards usually into the past year ,so they are of limitedvalue to people who want to estimate future performance. The current drawbacks deriving information from Current system of published accounts are: a. A lack of sufficient conceptual framework where results are shown in arguably over-complex rules and processes and ultimately in a failure to meet the need of those who are using the accounts. b. Information overload is potentially as much a problem as is sufficient information the complexity of the accounting principles also contribute toteh uncertainty and lack of information by users. c. A continuing problem is the historical focus of accounting which reduces the relevance for users who are most likely to be interested in the future prospects of the company. Solutions to the problem of gathering reliable information from published accounts for financial users: Though the traditional legal model is arguably the more conservative and gives primacy to shareholders'. The current accounting standards debates indicates that at-least recognition of other group interests. A broad range of potential information users gives rise to several questions relevant to a disclosure regime. It is appropriate to

Rose For Emily Essay -- essays research papers

A Rose for Emily by William Faulkner Emily was a woman that cannot be described without a the words â€Å" not quite normal†, and â€Å"extra ordinary.† The story, â€Å"A Rose for Emily† by William Faulkner is about one woman’s life, from her being a teen to her death in her house. The town’s people did not like her, her family did not like her, but when she died, everybody showed up to Miss Emily’s Funeral. The only person to see Emily was her old manservant, a black man that was the cook and the gardener. The only time that the town would see him was when her went to the grocery store to shop. He would never talk to anybody while he was there. The end of her life never saw Emily out of her house. The town questioned this, but Emily soon just became another story with the town. Miss Emily was not always alone. When she was younger, her father lived at the house with her. He was a man without his sanity. When ever a male would come to the house to see Emily, he would great them at the door, and see them off before Emily could even say hello. The town used this excuse for Emily when her father died. He was dead for three days before she would let the coroner to take him out of the house. This can be seen as the beginning of Emily’s decent to madness. Emily was not always without a man. The town was getting sidewalks put in, and a group of colored men from the north was called in to build them. Their Foreman went by the ...

The Human Experience

The Human Experience is a very touching movie. Throughout the movie we encounter all kinds of problems. There are many themes of forgiveness and healing in the movie. This movie is not only full of emotions, but it also helps you reflect on your life, and the actions we make as a humans. We find forgiveness and healing in our life’s by reflecting in our actions, and by taking action and actually trying to be better persons. In the movie we see all kinds of people in need of healing in their hearts. The two most common themes of healing we see in the movie are emotional and relational healing.Jeffrey Azize is in need of both emotional and relationship healing. When he was little his relationship with his father was not good. Jeffrey father was an alcoholic. Jeffrey remembers seeing his father more under the influence than sober. Jeffrey is in need of that love of his father. Jeffrey needs to learn how to forgive his father in order to have a better relationship with his father. At the end of the movie, we hear Jeffrey saying â€Å"Have you ever had a moment where you feel like everything is just right in the world? Time stops, and the stars are in line.It was the first time in a long time I could feel peace in my heart†. He felt at peace after going through all those experiences. He witnessed a lot, which made him forgive his father. He was able to heal. The Human Experience made me realize that there are bigger problems in our world. It taught me that I shouldn’t take anything for granted. Just like the homeless guy said â€Å"One day you might have a home, but the next day you might be on the streets†. This made me reflect on my life, it made me realize that I’m also in need of healing.It made me think of how ungrateful I am and how I never say thank you for the smallest thing. This movie taught me that I could make a difference, by doing something small like donating my time or donating things I don’t need to those wh o are in need. Overall this movie was amazing. I could watch it a million times, and every time it would have the same or bigger impact in my life. In my life I personally need a lot of healing. I’m in need of both emotional and relation healing. I’m one of those persons, who don’t forgive others.If you hurt me in some way I might say I forgive you but at the end I really won’t. I also have a lot of trust issues. It’s hard for me to trust someone, especially if they’ve hurt me before. For me trust is like a paper, once it’s crumble it can’t be perfect. I know that everything happens for a reason, but sometimes I wish I knew what that reason was. I guess that I need to learn how to forgive others, and to trust people. I need to open up more. Overall our society needs a lot of healing. Our society is really not acceptable.It makes me sad to see the way society is structured. Our society is truly ugly. The ugly truth about our soc iety is that no one cares unless you’re pretty or dying. Every day I ask myself what’s wrong with the world? We see that a lot of people are victims of our society, but we don’t do anything to change. Every 40 seconds, someone dies from suicide. Suicide is mostly seen among teens because they are being bullied for not looking or acting a certain way. Society no longer knows the meaning of beauty.It’s hard to grow up in a world where you never feel like you’re pretty enough. In this society you need to have designer clothing, you need to be size 0, you need to have a clean face, you need to wear makeup, you need to have perfect eye vision and perfect teeth; if you don’t then you’re automatically called ugly. We are the ones that are destroying our world. We are the ones bringing all that sin into this world. We all need emotional healing. We are in need of that love. Another kind of healing this society needs is that they need to accep t the way they are.Everyone is unique in this world. I see the world like a big food bowl; we are all different which makes things more interesting. We need to be happy with the way we look, and embrace it. Helping others is the best gift to help you heal. Helping others makes you realize that you should never take things for granted. By helping others I realized that doing something so simple like reading a book will bring a lot of smiles. Not only do you make someone smile but it also helps you reflect in your life. I have learned so many things about me by helping others.I learned about my trusting issues by helping others, and slowly I’m healing. Step by step I’m learning how to trust people. It’s not a big change, but in order to change you need to take small steps, and that’s exactly what I’m doing. My faith with God was shattered, but by healing I’m putting back the pieces together. I’m learning how to trust God, and leaving ev erything on his hands. I’m truly healing. Over all everyone needs healing. It’s not only me, but millions of others that are in need of healing.If you are not content with yourself, it’s obvious you need some kind of healing. If you can’t accept yourself, what makes you think that you can accept others? If you criticize yourself what makes you think that you won’t criticize others. In order for society to heal, we need to heal our soul firsts. By helping others, you realize your needs, It’s all a big circle. You need to help others, one you help them you see where you need healing, after healing yourself you realize that society needs healing, once you heal yourself you’re able to help society become better.

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