Texas A M University Black Hearts Book Analysis

Texas AM University Black Hearts Book Analysis Jesus Gomez MLSC 421-502 CPT. Speakes 10/23/14 Black Hearts is a non-fiction book about a platoon of soldiers from the historical 101st Airborne Division in the 502nd Infantry Regiment which was activated during World War II and has served in the Vietnam War, first Gulf War, Operation Iraqi Freedom and Operation Enduring Freedom in Afghanistan. The book describes the unit’s deployment in 2005 to Iraq to the region known as the Triangle of Death which was south of Baghdad which was one of the country’s most dangerous territories at that point in the war. The platoon that is written about in Black Hearts was 1st Platoon, Bravo Company, 1st Battalion. The leadership in this platoon was toxic all the way from the top starting with Lieutenant Colonel Thomas Kunk. By the end of the deployment 11 of 1st Platoon’s 33 members were either dead or in jail for murder. I believe it was because Lieutenant Colonel Kunk injected nothing but a negative style of leadership to the leaders below him because he was slacking many of the Army leadership traits like empathy. Murphy’s law demonstrated that everything that could go wrong, went wrong. The good leaders that 1st Platoon needed died early in the deployment and with a combination of multiple things like poor leadership and combat exhaustion lead to a total war mentality to the platoon. Early in the deployment Sergeant Kenith Casica died and he was one of the leaders thatShow MoreRelatedEssay on Why People Join Cults1480 Words   |  6 Pagesto a jungle in South America. While there, Jones persuaded members of his Peoples Temple group to commit a massive suicide by drinking poison. David Koresh, led people to their death when he refused to be served with a search warrant in Waco, Texas. Koreshs followers believed that he was the Messiah. A 51-day stand-off occurred between federal agents and Koresh and his followers. When agents launched a tear gas attack to end the siege, a fire burned the compound and killed the followersRead More Why people join cults Essay1405 Words   |  6 Pageswent to a jungle in South America. While there, Jones persuaded members of his Peoples Temple group to commit a massive suicide by drinking poison. David Koresh, led people to their death when he refused to be served with a search warrant in Waco, Texas. Koreshs followers believed that he was the Messiah. A 51-day stand-off occurred between federal agents and Koresh and his followers. When agents launched a tear gas attack to end the siege, a fire burned the compound and killed the followers,Read MoreEssay on Africans in Colonial Mexico5451 Words   |  22 Pageshistorical examinations of African slavery in Mexico is Colin A. Palmer’s Slaves of the White God: Blacks in Mexico, 1570-1650, published in 1976.[7] Palmer sees his book as part of a larger historiographic trend at work in the 1960’s and ‘70’s, as scholars began paying increasing attention to social and cultural aspects of minority groups; as historians sought to investigate the condition of black slaves in the United States, Palmer recognized a need to examine a broader range of African historyRead MoreImmigrants Desperately Running Away from Conflict or Oppression3283 Words   |  14 Pagesit would be only a couple of months before they set him free, but he remained a â€Å"reeducation prisoner† for almost six years. Many others stayed in the camps for more than twenty years, or until they were very sick or unworkable. In Freem an’s book, â€Å"Hearts of Sorrow: Vietnamese-American lives,† a South Vietnam ex-colonel, whose name was not published, describes his feeling when he entered the re-education camp as he was shocked because he and others were treated not with respect but as prisonersRead MoreParents Role in Preventing Child Obesity1964 Words   |  8 Pageswith parents from the earliest stages of child development to support healthful practices both in and outside of the home. (ERIC 2006). In one early study, Hughes and colleagues worked with data from 718 low-income Black, White, or Hispanic parents of 3- to 5-year-old preschoolers in Texas and Alabama. Parents filled out Hughess feeding-styles questionnaire. Kids heights and weights were measured to determine their BMI, or body mass index-an indicator of body fatness. Among other findings, the teamRead MoreLiterary Criticism : The Free Encyclopedia 7351 Words   |  30 Pages17th century 3.3 18th century 3.4 19th century 3.5 20th century 3.6 21st century 4 See also 5 Notes 6 References 7 Bibliography 8 Further reading 9 External links Origin[edit] The term was coined in 1819 by philologist Karl Morgenstern in his university lectures, and later famously reprised by Wilhelm Dilthey, who legitimated it in 1870 and popularized it in 1905.[1] [6] The genre is further characterized by a number of formal, topical, and thematic features.[7] The term coming-of-age novel isRead MoreHow High School Dropouts Affect American Society Essay2479 Words   |  10 Pages(1994): Broken homes, broken hearts: As the family goes, so does society: Illegitimacy most important problem. Retrieved February 2, 2009 from www.leadershipu.com website: http://www.leaderu.com/orgs/probe/docs/broken.html Bae, S. (2008). High school dropping-out and returning: Case studies and policy recommendations. Retrieved December 6, 2009, from Dissertations Theses: Full Text. (Publication No. AAT 3337687). Balfanz, R., Bridgeland, J., Fox, J., McNaught, M. (2009). Grad nation: A guidebookRead MoreThe Role of the Death Penalty on Preventing Future Crime Essay8133 Words à ‚  |  33 Pagesarea? In fact, the new sentencing patterns have not significantly changed from earlier, pre-Furman patterns. The death penalty continues to be applied in a discriminatory way. Death row continues to hold a disproportionate number of the poor, the Black, the mentally handicapped and the disturbed. The death penalty is still applied capriciously. Death rows do not necessarily contain the most dangerous or deserving people. Most people on death row are poor -- a full 90 percent could not affordRead MoreA Closer Look at Learning Strategies, L2 Proficiency, and Gender14689 Words   |  59 PagesTeachers of English to Speakers of Other Languages, Inc. (TESOL) A Closer Look at Learning Strategies, L2 Proficiency, and Gender Author(s): John M. Green and Rebecca Oxford Source: TESOL Quarterly, Vol. 29, No. 2 (Summer, 1995), pp. 261-297 Published by: Teachers of English to Speakers of Other Languages, Inc. (TESOL) Stable URL: http://www.jstor.org/stable/3587625 Accessed: 03/07/2010 01:44 Your use of the JSTOR archive indicates your acceptance of JSTOR s Terms and Conditions of Use, availableRead MoreOn Mother-Daughter Relationship in the Women Warrior6552 Words   |  27 Pages and eventually a balance in the between-world condition is achieved. Through the approach of textual analysis and cultural reading, this thesis intends to provide a way of appreciating Kinstons novel, and eventually to help readers understand the conflicts and reconciliation of two cultural worlds. 2 Analysis of the relationship between mother Bell and daughter Ruby in details 2.1 Analysis of the relationship between mother and daughter in details The arts are used to address both aesthetic

The Work Of The Textile Industry Of A Man By The Name...

In America a man by the name Isaac Singer was working on a product that would change the textile industry for forever. Singer lived from 1811 until 1875 and contributed too many successful models both in business and that of design. These contributions would be seen over the next 2000 years. When Isaac Singer was growing up he was being influenced by some of the large changes going on around in the world. After Napoleon’s defeat in 1814 an era of peace began. This would kick-start a world of mechanization. In the time that singer’s sewing machine was being designed and produced the United States other countries were at the peak of the design reform. This reform has several implications on Singer and his machine. His sewing machine was made†¦show more content†¦One of these designers was Samuel Colt. His approach to interchangeability of parts would be one that influenced many designers to come. This interchangeability could be found among singers machine and th is made the up keep of his sewing machine easy. Another benefactor in Isaac’s contraption was Adam Smith’s division of labour and Wgatt’s guidelines for metal work. While this was still frowned upon in the time of reform it was softened by the standardization of labour and the introduction of education and laws. Another concept that was brought up in America was Eli Whitney’s model that involved the reduction of hard labour and this was demonstrated in his Machine, the Cotton Gin. This machine was used to save labours hours separating cotton, this concept of using mechanization to find ease in production was adopted into Singers sewing machine. At this time in history women were starting to have more of a voice and were taking on more household tasks and this ease of fabrication for textiles rather than hand stitching was very appealing. However this revolutionary machine may have been more on the industrial side and was not something that you would show off on your house as an ornament. Isaac Singers three prong approach to design and marketing he stormed the world fair in England. With Singer focusing on marketing that involved social movements that started to

Make Hot Ice - Heating Pad Chemistry

Heres an easy chemistry project you can do in which you take a clear liquid and instantaneously solidify it into hot ice. It isnt water ice, however. This is how you make crystals of sodium acetate, which is used in hand warmers and chemical heating pads and hot packs. Hot Ice Materials sodium acetatewatersaucepanglass or pan Making Your Own Sodium Acetate Monohydrate If you dont have any sodium acetate monohydrate you can make your own. Add baking soda (sodium bicarbonate) to vinegar (weak acetic acid) until the mixture stops fizzing. This will give you an aqueous solution of sodium acetate. If you boil off the water, youll be left with the sodium acetate. Expect to use a lot of baking soda and vinegar if you go this route. Make the Hot Ice What you are going to do is make a supersaturated sodium acetate solution. The solution will remain a supercooled liquid until a little solid sodium acetate is introduced. This will cause rapid crystallization that will resemble a block of ice, except it will be hot to the touch and not edible. Dump some sodium acetate monohydrate into a saucepan.Add just enough water to dissolve the sodium acetate.Heat the solution to just below its boiling point.Stir in more sodium acetate. Keep stirring and adding sodium acetate until you start to see solid material accumulating at the bottom of the pan.Pour the hot solution into a glass or other container. Do not allow any of the undissolved solid to enter the container.Cool the solution in the refrigerator 30 minutes to an hour.Remove the solution from the refrigerator. As long as you didnt leave any solid sodium acetate in the solution, it should still be liquid.When you are ready to make ice introduce a little of the solid sodium acetate. You could dip a toothpick or the edge of a spoon in sodium acetate powder.The crystallization will evolve heat (exothermic reaction), making the solid feel hot to the touch (~130Â ° F). Hot Ice Trick You dont have to solidify the sodium acetate in a dish. You can crystallize it as the solution is being poured to make fantastic shapes.

Jamaic Out Of Many, One People - 1245 Words

Jamaica: Out of Many, One People History of the Culture One would think that an island would have a culture of its own with very little outside influence, however that is not the case with this island. Located in the Caribbean Sea, Jamaica is rich in culture from its European and African history. Jamaica was first populated by the Taino people, who were also called Arawaks, in AD 600. It was then found by Christopher Columbus in 1492, and shortly thereafter became a Spanish Territory. A decade later, the population was equally split between Spanish and slaves with a small percentage of free blacks and the native Taino people. In 1655, the English army captured Jamaica and fifteen years later, Jamaica formerly concedes to England. A decade later, the slaves, making up eighty four percent of the population, decided to rebel. However, full emancipation from slavery happened in 1838, almost a century later despite the gross population unbalance. Beginning in 1841, the island started having more outside influence when the first indentu red workers arrived from Africa, India, China, Syria, Lebanon and the Mediterranean. In 1962, Jamaica gained full independence from Britain after almost two decades of self-government formation. The history and vast cultural influences of Jamaica makes the country’s motto of ‘Out of many, One People’ ring true. (Mordecai Mordecai, 2001) Slavery of a nation is a tragic hardship of the people, however the abolition of slavery brought

Expansion In The Supermarket Commerce Essay Free Essays

As we know that enlargement in the supermarket and now it is besides diversified in the Fieldss like communicating, insurance, fiscal services. Here we are we are sing the vision of the Tesco and the ways Tesco comes up with the taking rival in the market for the remainder of companies. Here we will be discoursing the assorted stairss and schemes, policies, theoretical accounts used by the company in order to increase its public presentation in the market. We will write a custom essay sample on Expansion In The Supermarket Commerce Essay or any similar topic only for you Order Now Introduction: Here we are we are sing the vision of the Tesco and the ways Tesco comes up with the taking rival in the market for the remainder of companies. Here we will be discoursing the assorted stairss and schemes, policies, theoretical accounts used by the company in order to increase its public presentation in the market. In the supermarket and now it is besides diversified in the Fieldss like communicating, insurance, fiscal services. Talking about Tesco it is presently the UK ‘s most successful supermarket with a UK market portion in surplus of 30 % and one-year net incomes of some ?2bn. It is the universe ‘s 4th largest retail merchant. Although after the debut in the US markets Tesco was the one of the most sensible retail merchants for the clients but it have to confront the critics of some of the analyst who was analyzing the consequence of debut of Tesco into the retail market of US. It was said by some of the analyst that if Tesco effort to come in in the American market it has been a failure that the company should retreat. One of the known analysts named Piper Jaffray has estimated the cost for the company which will be the set uping cost if the Tesco will retreat from the US markets which would be near about one billion lbs. The company ‘s environmental claims have come un der analysis, along with its belongings scheme, its non-unionisation policy in a comparatively strongly nonionized sector of concern and its refusal to subscribe a community benefits understanding. Community benefits understandings are used by shops in the USA to derive client trueness. Tesco, in bend, has countered these unfavorable judgments. Jack Cohen ‘s concern slogan was â€Å" pile it high and sell it inexpensive † , although this was rapidly replaced with the stating â€Å" You Ca n’t Do Business Siting On Your Buttocks † . He was known to administer points bearing the acronym to his gross revenues force. Talking about the history of this company who has strong clasp In the UK markets was started in 1919. This was the started by Jack Cohen who started his concern calling by selling the food markets from the streets of London. Tesco is the name that was billed by the names of provider the individual who brought the cargo of tea his name was T.E Stock good and the label was made by utilizing the initial of his name and by adding the name of the proprietor Jack Cohen and they gave this house a name called Tesco that is a shop now sits in the sites. When Tesco stepped in to twenty-first century it was the most effectual period for the company to turn and supply its excellence services to the clients as in 2001 they had started the online shopping for the food markets as after achieving more that one-fourth interest in the food market works and it was good feedback from the clients. In the period of 2002 they made the major alterations to the shops in UK as they have purchased more than 80 0 T A ; S shop in one spell. They have besides shown some of the biggest influence in the Polish market when they purchased more than ten biggest hypermarkets in Poland. The twelvemonth 2003 can be called the technological twelvemonth for this company as they have entered in to the telecommunication universe consisting nomadic and place phone services, to complement its bing Internet service supplier concern. In 2004 Tesco was the other company to launch broadband services but unluckily the program for Tesco in Thailand for making and running the hypermarkets in the coaction with Charoen Pokphand Group was non really successful as confronting the heavy unfavorable judgment in the market the Charoen Pokphand Group sold their interest. In the twelvemonth 2005 when there was the breakage of contract between Safeway and BP so Tesco bought some of the shop to increase its market In 2007 Tesco was placed under probe by the UK Office of Fair Trading ( OFT ) for moving as portion of a trus t of five supermarkets ( Safeway, Tesco, Asda, Morrisons and Sainsbury ) and a figure of dairy companies to repair the monetary value of milk, butter and cheese. They were reportedly paid i5 million ( US $ 10 million ) . In April 2009, Tesco announced that it had created a ace tomato that â€Å" does n’t leak † . The tomato is grown in Holland and is meant to be a better tomato for sandwiches since, being less juicy, they will non do sandwiches every bit boggy as regular tomatoes do. 2 Strategic Decisions for the company Before stating the strategic determination, plans or aims for the company foremost of all we have to understand â€Å" what are the thing that can be covered under these determinations? † In the simple words we can state that it is the systematic and the analytic attack which review the concern as a whole in relation to the environment and which can be said into two different footings To develop an integrated, co-ordinate and consistent position of the path the company wishes to follow To ease the version of the organisation to environmental alteration. They together describe the construct of the house ‘s concern which specifies the sum of growing, the country of growing, the way of growing, the taking strengths, and the profitable marks. In add-on they are stated operationally in a signifier useable for steering direction determinations and actions. It is concerned with the preparation of the schemes within the model of company policies. It involves the procedure of strategic direction that will take through assorted operational and undertaking programs for the accomplishment of the aims ( Michael Armstrong, 1990 ) . Now speaking about the company which is tesco the basic attack they use for the preparation and completion of the aim and ends is the IBM attack in this attack the company will demo the type of concern they are making and they will show the sense of concern the endeavor is in and the way in which they are traveling. For doing it simple for the client to understand what they want to accomplish is some clip shown by the aid of graph and pie charts or the waggon wheels. Before utilizing this attack they have to maintain in head some of the basic characteristics or demands for the theoretical account. Operational Plans Undertaking Plans Recourse Plans Corporate Management Strategic Management Aims Valuess Policies Mission Feedback Actions Budgets So this is the chief flow of program which should be followed while utilizing IBM attack. Now in the instance of tesco they have followed the same form but in the different format. So now we should look at the different strategic determination or programs for the tesco. There are three type of the schemes that the tesco following in order to accomplish their ends and aims as they are typed below: Cost leading: One of the schemes that are used by Tesco for accomplishing their ends in a simple and easy manner id the cost leading as we can place from the word cost that they are taking about the monetary value thing as they have the scheme to supply their client with the lower monetary values from any other company. The ability for cut downing the cost for client or to take down the monetary values they control their operating costs in such a manner that they are easy able to take down the monetary values as in compared to others which help them to bring forth the high net incomes and therefore assisting them in the important manner. Scheme of distinction: Now this is the scheme that will distinguish the offer and the services that they have to offer to the clients and the featured clients. On the footing of this scheme they can make their trade name vicinity for the clients that they have to offer in footings of publicities, engineering, heath merchandises, bakeshop, etc. Customer service is popular attacks to distinction. Focused market. In prosecuting a cost leading scheme Tesco focuses on the creative activity of internal efficiencies that will assist them defy external force per unit areas. As we have seen that how tesco take attention of their client by utilizing the assorted schemes for the clients and which makes us to believe that tesco will be in the regular connexion with the operational governments and the other in the same sectors such as purchasers. While seeing to these schemes we can state that the schemes of cost leading and market distinction are aimed at the wide market and by utilizing these schemes they can settle their merchandises to any markets ( thrower, 1980 ) . Or we can state in other words that they pursue a scheme of cost leading or distinction either in a specific market or with specific merchandises. The danger some administration face is that they try to make all three and go what is known as stuck in the center. In instance of Tesco it is non appropriate, as they do hold a clear concern scheme with a clearly defined market section. Swot Analysis Strengths Raising market part: One of the strengths of the Tesco is the big size in the retail market which covers about the 13 per centum of the entire value. Just because of it versatility in every field it will be continuously turning in the UK market and part will besides be increased non in merely in nutrient sector but besides in non nutrient. Tesco ‘s general growing and ROI show no mark of slaking: One of the other strength of the Tesco is big investing in the West midlands departmental shops name called T and S Group which was considered the one of the monolithic measure taken by the company for the vicinity markets. In add-on in this twelvemonth Tesco became the UK ‘s 2nd largest convenience concatenation as compared to the co-operative shops and they besides opened more than 5o new shops this twelvemonth. If we take a expression towards the international concern portion of Tesco so we can see that it is continuously turning and the anticipation made by the board of the company that it will lend about one one-fourth of its net income in following consecutive five old ages. Now it is so much grown that it entire gross comes to 23 per centum of the entire group net incomes. And in terminal if we talk about the regional or geographical strength that is immense and will continues to turn. Insurance: In the twelvemonth 2003 Tesco reached the new stat mi rock of finishing the one million clients under the insurance subdivision by selling the motor insurance policies which made Tesco one of the fastest service supplier and marketer for the motor insurance. One of the characteristics that Tesco provides a simple characteristic to their club card holders that they can buy the vacations or travel insurance really easy at the sections. In the field of life insurance it gained award for most competitory life insurance supplier in the money facts awards 2003 and got the good response of the clients. It besides sells more than 330,000 pets insurance for the Canis familiariss and cats. Tesco online: One of biggest and the most convenient characteristic that Tesco provides is the on-line shopping. Tesco web site is the universe ‘s one of the biggest online shopping site. In this online shopping that about had a sale of over 550 million lbs which shows the addition in the company of more that 27 per centum in the last twelvemonth stats. We can run this site in more than 250 shops around the UK and have the client count of over one million to whom they provide on-line service. This company is besides demoing the strong development in its gross watercourse. UK market leading reinforced: If we take into consideration the size and the competition of Tesco to their rivals in this graduated table Tesco is really huge and immense in the service supplying. As they got the figure one ranking the twelvemonth 1996 for the best markets every bit merely because they have the multi format programs to follow which make them successful to accomplish the ends easy. And in the study by the competition committee as they have said that it is really hard for any company in the retail markets to vie with Tesco as if we see UK their gross revenues are 71 per centum larger than any company. And if it will turn at this rate so it will convey down the Wal- marketplaces opportunities of being the largest marketer in UK. Failings Reliance upon the UK market: As this the one of the best and the biggest company in the UK markets but it is really limited in the most of the UK markets. Although it s turning internationally but their chief stairss are based in the UK market will is the most important failing of the company. As we know that they are lifting twenty-four hours by twenty-four hours but we have to see the competition in the market as it was in the studies that in the supermarket industry over the period of one twelvemonth Morrison group will purchase the Safeway group will be the affecting for the market sharing for the company. Debt decrease: One of the other failing for the Tesco Idaho of high pitching ratio for the company as their Debs Ate increasing at really high rate and they are n ready to cut down that as because they had used all the money in the immense investing for the increasing the assets for the company and in the meeting with the pull offing manager he said that there is small program to return the debts as batch of money is being used in the other sectors. Signs point to consecutive acquisitions: One the company assets and the operation we have seen that this company is tremendously large in every province but to make fulling up the spread they have to sued the certain methods or programs that can assist them to accomplish the things easy. Thays why they have used the fill the spread scheme and has been the instance with the UK convenience market, there is the danger of Tesco going a consecutive acquirer, as this tends to cut down net incomes visibleness and quality. Opportunities Health and beauty: Opportunities are the things that are good for any company to turn as we have seen in the instance of Tesco that it have increased its market in the wellness and beauty merchandises from rather a piece and became the taking retail merchant in the field of wellness and beauty. As the secondary things they have one of the best toilet articless and health care and they have progressively become the figure marketer of baby goods. They have invested in the wellness and beauty about 27 million entirely in the market the money in the immense investing for the increasing the assets for the company and in the meeting with the pull offing manager he said that there is small program to return the debts as batch of money is being used in the other sectors. Further international growing: Tesco has shaped a strategic association with US supermarket, Safeway Inc, to take the tesco.com place shopping theoretical account to the US. Telecommunications are the latest phase in its scheme to develop popular retail services. It has repeated its attack in banking, by capitalising on its trade name. In 2004 the company plans to come in the Chinese market, as China is one of the largest economic systems in the universe with enormous prognosis growing and will show many chances for Tesco. Menaces UK structural alteration could trip a monetary value war: Menaces are the more likely to be in the big concern as they have more things to worry approximately as per the little things can do large harm to them. As now the biggest menace to the concern is the monetary value for the clients and as in UK the clients are more aggressive for the monetary values merely because in the competition the companies are cut downing their monetary values and in the instance of Morrison they are diminishing the monetary values by 6 per centum on every point as in comparison to Tesco. For these things they have to be committed to monetary value alterations in approaching hereafter. Overseas returns could fall: In the instance of the UK it is developed and they have nil in comparison able to the others but it will non be the good for the company to travel to the other state and put up the concern as they are certain factors that they have to see while puting up. They have to look at the economical, political, societal factors and rival ‘s status. So that they are ready to take the effects if we take the illustration of China and Japan they are have wholly different conditions. Talking about the challenges faced by the company here we can take the illustration of Tesco ‘s experience in the in-between land like in the state like China and the center of the Asia. As they all are saturated markets and all these are maximum the developed states and they have the maximal competition and really less chance so the Tesco is believing about the most effectual and the simplest schemes so that they can construct up at that place. Ut we have to see the assorted factors which have to be keep in head like the economic, political, societal and environmental issues. Decision So here in this paper after speaking about the one of the biggest group in the retail markets we merely came to decision that it is working really good from every facet as there are many Fieldss where we have seen that Tesco was new but utilizing their most simple and easy schemes they made them self a really immense and big industry and have reached to the success in one twelvemonth clip that is so impressive. The manner they trade name their merchandises and the manner they provide the client service to their client ‘s is beyond the thought. It had fostered powerful individualities by doing their retailing construct into a virus and disbursement it out into the civilization via a assortment of channels: cultural sponsorship, political contention, and consumer ‘s experience and trade name extensions. So here we did the grind analysis of the company which give us the fact that there are many planetary and internal factors that rhenium associated with the companies ‘ public presentation. In last 30 old ages sentiment of the market has altered from a merchandise and client way to strategic class. Here we are we are sing the vision of the Tesco and the ways Tesco comes up with the taking rival in the market for the remainder of companies. Here we will be discoursing the assorted stairss and schemes, policies, theoretical accounts used by the company in order to increase its public presentation in the market. How to cite Expansion In The Supermarket Commerce Essay, Essay examples

Financial Analysis and Reporting Research †MyAssignmenthelp.com

Question: Discuss about the Financial Analysis and Reporting Research. Answer: Introduction: The issue presented in the first part of the case study is that the company Marvin had purchased a customer list for $4 million which had a useful life of two years. Meanwhile the managing director of Marvin conducted an independent valuation of the customer list which resulted in valuation of the customer list at $5 million with a total useful life of five years. Now the issue lies in the fact that the customer list has been recorded as an intangible asset with a carrying value of $4 million. However Marcus now wants the list to be revalued to the higher amount (Chalmers et al., 2012). $ (in millions) Previous value of the customer list 4,000,000 Useful life (years) 2 Amortization Expense under Straight line method 2000000 Amortization Expense from July to December ($) 1000000 Formula for calculating Amortization Expense under Straight Line Method = Cost of intangible asset / Useful Life According to the above table the carrying amount of the customer list that should be recorded in the books of accounts is ($4,000,000 - $1,000,000) = $3,000,000. But currently the intangible asset has been recorded at $4,000,000. Therefore in order to record the customer list at a rectified figure the intangible assets in the balance sheet should be reduced by $1,000,000 (-$4,000,000 + $3,000,000). Now in order to record the customer list at a revalued figure, the $3,000,000 that is the rectified amortized figure of the customer list has to subtracted from the intangible asset and the new carrying amount of the customer list according to the below table should be added. $ (in millions) Revalued figure of the customer list 5,000,000 Revalued useful life (years) 5 Amortization Expense under Straight line method 1000000 Amortization Expense from July to December ($) 500000 According to the above table the revalued carrying amount of the customer list should be ($5,000,000 - $500,000) = $4,500,000 Therefore the intangible asset in the balance sheet should be ($15,000,000 - $1,000,000 - $3,000,000 + $ 4,500,000) = $15,500,000 As the total intangible asset account increases by $500,000 therefore the total revenue automatically increases by $500,000 which should be adjusted in the consolidated income statement under the head, Revaluation. Therefore the total comprehensive income for the year increases by $500,000 (Ifrs.org, 2017). Second part of the case study The second part of the case study involves impairment of asset. In order to find the amount of impairment it should be determined that whether the value in use of the machine is higher or the fair value of the machine given in the case study is higher. In order to calculate the value in use of the machine, the table below has been made (Amiraslani, Iatridis and Pope 2013). PV Annual net income to be generated Expected present value 0.909 $3,800,000 $3,454,200 0.826 $3,138,800 0.751 $2,853,800 0.683 $2,595,400 0.621 $2,359,800 $14,402,000 Add: disposable value of the machine $4,200,000 TOTAL $18,602,000 Here in the above table the annual net income to be generated has been provided in the case study that is $3,800,000. The expected present value or the value in use has been calculated by multiplying the rate of present value given in the case study with the annual net income to be generated by the machine. Therefore the total value in use of the machine as generated by the table is $18,602,000. Now as given in the case study the fair value of the machine is calculated at $16,000,000. The recoverable amount will be the fair value or the value in use whichever is higher. Therefore the recoverable amount in this case will be the value in use that is $18,602,000. Now the recoverable amount should be compared to the carrying value of the machine. The carrying value of the machine as stated in the case study of the machine is $22,000,000. Therefore the value of asset impairment that has to be recorded is ($22,000,000 - $18,602,000) = $3,398,000. As $3,398,000 is a loss incurred by the company and it will appear as an expense in the income statement of the company and the net profit will reduce by this amount. More specifically the profit before taxation will be reduced by the impairment loss amount and will come under the head Non-operating Expenses. Therefore the total comprehensive income will reduce by $3,398,000. The same amount has to be adjusted in the balance sheet of the company in order to make them even. Therefore the carrying value of the asset should be decreased by the impairment value of $3,398,000 by adding it to the accumulated depreciation account. Therefore the carrying value of the machine will become $18,602,000 (Ifrs.org, 2017). The global accounting standards that have been created in order to simplify the task of preparation of the financial statements also come with certain limitations. Though the major intention behind the creators of the financial statements have been to make the work of the accountants more organized and systematic in nature but there have been certain limitations that restrict the extent to which the users of the financial statements can rely on them in order to make economic decisions. The major issue with the global accounting standards is concerned with the translation of the standards in different languages around the world. Translators often struggle to interpret or translate the exact meaning that the standard setter is trying to convey. The translators mostly face this issue because of the use of lengthy sentences; haphazard and random use of accounting terms; and usage of those terms in further describing topics. Another issue related to translating the global accounting standards is that the translation of the accounting standards is often done with the support of donor funding. Donor funding generally is a time oriented or specific task oriented event. This means that the translation is done once as the organizations are unable to manage resources for executing the task of translating the accounting standards again, thus the revisions that are done in the accounting standards from time to time are not updated. The translated standards soon become outdated and the accounting statements that are prepared in accordance with these standards can no more claim compliance with the global accounting standards, forcing an individual to question or doubt his economic decision taken on the basis of these financial statements (Trombetta, Wagenhofer and Wysocki 2012). For an instance a particular concern that was raised when the IFRS was endorsed by the EU and the European Commission was that the translation of all the accounting standards under the IFRS required certain time and could not be done within a specified time frame. This would surely disrupt the process of proper implementation of the accounting standards. The Commission made an official declaration that it would take approximately nine months (after the publication of the standards by the IFRS) for the regulations to appear in the Official Journal of the Commission. The International Accounting Standards Committee in order to mitigate this issue developed a formal plan regarding the process of translation of the accounting standards and involved professional accountants in the team concerned with the process of translation. Users of the global accounting standards are of the opinion that the global standards with each passing day are becoming more complex, rules or regulation dependent and complicated in nature. This is clearly becoming a major issue in the implementation of the accounting standards. Though the in depth discussion that the standards hold is highly acclaimed and appreciated by accountants worldwide but the need for a guidance manual in regards to the implementation of the standards have been the demand of the users for a long time. International accounting standards are generally created by the standard setters by observing the common problems that occur while preparing the financial statements. Now the difficulty lies in the fact that these accounting statements that are prepared for the purpose of global implementation may not apply to all situations. This means that each company face different experience but in order to comply with the stated accounting standards, the accountant may h ave to apply a standard that is not fit for the situation. This issue occurs due to the inflexibility of the accounting standards. Some users also are of the opinion that the standard setters should establish or modify the accounting standards keeping in mind that certain countries do need to incorporate the standards as their national law. The approach in which these standards are written cannot be directly integrated into national law and therefore they have to be transformed by the national standard setters. The International Accounting Standards Board decision to move towards a fair value model has made the situation more critical. The users opposed such a model because they were of the opinion that a fair value model is subjective and out of the scope of measurement. This means that different interpretations will lead to different conclusions and hence cannot be accurately measured (Bradbury and Schrder 2012). A particular recommendation for this issue is that the global standard setters should make the accounting standards more principle oriented. This will not only make the text of the established standards simple and understandable but also elevate the structure of the accounting standards in such a way that they can be incorporated into the national law with ease. Another major issue that is faced by the users of the global accounting standards are that the frequent, in volume and complex changes in the standards that are very difficult by the users to follow. For instance the IASB amended 13 major standards which in turn resulted in amendment of many other accounting standards. There also has been implementation of new accounting controls in relation to quality control of the accounting firm and the audit engagement levels. The global auditing standard related to the responsibility of the auditor in identifying fraud in the financial statements has been revised and another previously revised standard regarding the audit of the financial statements became effective. Such huge number of amendments and modifications do not allow or give time to the users or adopters of the global standards to fully incorporate the accounting standards and implement them in relevant cases. A particular recommendation for such a situation has been that the countries that engage in incorporating accounting standards in the national body of law should not include those standards that are already being revised or may be revised till the time these standards are finalized (Watty et al., 2014). Thus the presence of such limitations restrict or make an user doubt the economic decisions taken on the basis of the financial statements prepared in compliance with the global accounting standards. References Amiraslani, H., Iatridis, G.E. and Pope, P.F., 2013. Accounting for asset impairment: a test for IFRS compliance across Europe. Centre for Financial Analysis and Reporting Research (CeFARR). Bradbury, M.E. and Schrder, L.B., 2012. The content of accounting standards: Principles versus rules. The British Accounting Review, 44(1), pp.1-10. Chalmers, K., Clinch, G., Godfrey, J.M. and Wei, Z., 2012. Intangible assets, IFRS and analysts earnings forecasts. Accounting Finance, 52(3), pp.691-721. Ifrs.org. (2017). IFRS. [online] Available at: https://www.ifrs.org/issued-standards/list-of-standards/ias-36-impairment-of-assets/ [Accessed 31 Oct. 2017]. Ifrs.org. (2017). IFRS. [online] Available at: https://www.ifrs.org/issued-standards/list-of-standards/ias-38-intangible-assets/ [Accessed 31 Oct. 2017]. Trombetta, M., Wagenhofer, A. and Wysocki, P., 2012. The usefulness of academic research in understanding the effects of accounting standards. Accounting in Europe, 9(2), pp.127-146. Watty, K., Freeman, M., Howieson, B., Hancock, P., OConnell, B., De Lange, P. and Abraham, A., 2014. Social moderation, assessment and assuring standards for accounting graduates. Assessment Evaluation in Higher Education, 39(4), pp.461-478.

Financial Management for Cash Outflows - MyAssignmenthelp.com

Question: Discuss about theFinancial Management for Cash Outflows. Answer: Ed Analysis is not correct. Ed has not correctly expected NPV of the product. The probability of happening and non-happening of any event can never be equal that is 98% each it has to be equal to 100%. Ed reasoning of multiplying of two probabilities i.e. (98x98)%= 96% and then reducing the cash inflows by 4% is totally incorrect. The product NPV is the correct way of appraising the project but not in the way Ed has calculated. CFO risk assessment is correct and is to be correctly calculated. $ 20 million is a very substantial amount for a company like Airway to invest. In case the product is not accepted, the company may face bankruptcy or closure of business. Financial prudence is very important for project acceptance. It is clearly seen that if ED product is not accepted, Airway Company will lose everything they have invested in the product development. The correct method of calculating NPV is Present value of Cash inflows Present value of cash outflows (Correia et. al, 2005). NPV: PVCI-PVCO Where PVCI is Present value of Cash inflows PVCO is Present value of Cash outflows Cash outflows are done at zero period that is an initial period while cash inflows are spread over no. of years (example: 5 years) depending upon product expected sale life. A suitable discounting rate is used to discount the cash inflows and outflows. In case NPV is positive, the product or the project should be accepted otherwise in case NPV is negative, the product or the project should be rejected (Albrecht et. al, 2011). So the product introduced by ED should be judged on NPV criteria and not on ED calculations. We would like to explain this with an example: Initial Investment of a project: 130000 $ Expected life of product: 4 years Discount Rate: 12% PV factors at 12% YEAR OUTFLOW INFLOW in $ PV FACTOR @ 12% * PVCI in $ 0 -130000 $ 1 1 25000 0.8928 22320 2 35000 0.7971 27898 3 55000 0.7117 35585 4 75000 0.6355 47662 TOTAL -130000 $ 133465 $ *1 / 1.12= 0.8928, 0.7971, 0.7117, 0.6355. We can see in the example that Present value of cash outflows PVCO is 130000 in negative which means this is a cash outflow is made at zero periods while the present value of cash inflows PVCI is + 133465. This shows that in case this project is accepted, the Net present value of this has covered its cost outflow and it is in positive. Here we can say that NPV is 3465 (133465-130000), the project may be accepted. Similarly, Ed is hereby advised that he should not use his imaginary calculations for project appraisal and acceptance of his product. CFO of the company is correct that the NPV calculation is wrong (Healy Palepu, 2012). CFO contention is right and it is seen very clearly. The CFO has correctly signified the wrong calculation and hence, Ed should drop the way fo computation. So we may conclude that Ed method of calculating NPV is wrong and his statistical calculations are vague. He should revise his calculation of NPV and IRR and use correct NPV calculations. There are some deficiencies in the computation and hence, a correct decision will not be possible by considering this. The imaginary calculations if used can lead to severe problems and many complications might arise on the project appraisal (Henderson et. al, 2015). In all probability, the computation should be done as per the accepted method and there be no place for imaginary calculations. References Correia, C, Mayall, P, O'Grady, B Pang, J. 2005. Corporate Financial Management, 2nd ed. Perth: Skystone Investments Pty Ltd. Henderson, S, Peirson, G, Herbohn, K, Howieson, B. (2015). Issues in financial accounting. Pearson Higher Education AU. Healy, P. M, Palepu, K. G. (2012). Business Analysis Valuation: Using Financial Statements. Cengage Learning. Albrecht, W, Stice, E Stice, J. (2011). Financial accounting. Mason, OH: Thomson/South-Western.