Users Who Will Benefit from Financial Statements Essay Example for Free

Users Who Will Benefit from Financial Statements Essay The users of Financial Statements need them in order to satisfy some of their different needs for information. The following are the users and the ways in which they use this information in their decision making. Investors They are the providers of Capital for the entity. They require information in order to determine whether they should buy hold or sell. Shareholders are also interested in information which enables them to assess the ability of the entity to pay dividends. Employees They are interested in the information since they need to know about the stability and profitability of their employers. They are also interested in information which provides remuneration, retirement benefits and employment opportunities. Lenders Are interested in information that enable them to determine whether their loans and interest attached to them will be paid when due. Suppliers and other Creditors They require information in determining whether the amounts due to them will be paid when due. Trade creditors are likely to be interested in information an entity over a shorter period than lenders unless they are dependent upon the continuation of the entity as a major customer. Government and its agencies They are interested in allocation of resources, and therefore, the activities of entities. They also require information in order to regulate the activities of entities, determine taxation policies and as the basis for National income and similar statistics. Public Entities make a substantial contribution to the local economy in many ways including the number of people they employ and their patronage of local suppliers. Financial Statements may assist the public by providing information about the trends and recent developments in the prosperity of the entity and range of its activities.

What It Means To Be Australian :: essays research papers

What It Means To Be an Australian Australia is a very unique place, along with our multiculturalism there is also a strong heritage surrounding us. At first thought of Australian heritage we think about such landmarks as Uluru, The Sydney harbour bridge and The Sydney opera house, The Great Barrier reef and other internationally recognised places. But our heritage goes much deeper than that; it is far more than outstanding icons. Along with these icons there are also unsung places like the old cattle stations, Aboriginal missions, migrant hostels, War memorials, our unique wetlands and the towns and cities we have built. Adding all of these things together, helps to tell the story of who we are and how we have shaped this land in the unique identity it has today.   Ã‚  Ã‚  Ã‚  Ã‚  But familiar landmarks and also the unfamiliar ones aren't the whole make-up of Australia's heritage. It's the people that make a difference. Australia is made up of people from all walks of life who have migrated here for different reasons. Among these, the most common migrants are from Greece, Italy, Russia and Asia. Australia is made up of material culture: the places and objects, but also Living culture: In forms such as Music, Crafts, Literature etc. It is an interplay between international cultures and beliefs, the claims of nationalism and ethnic and religious traditions, as well as the local and community priorities that’s make up the unique Australian heritage. The Aboriginal people of Australia were here thousands of years before European settlement and we forced them to adapt to the changes of environment around them. This change might be for better or worse, but we will never find out. But with the European settlement came the birth of industry, agriculture, forestry, fishing, mining, manufacture, electricity, gas and water just to name a few.

Popular Culture: Effects of Big Corporations on Society Essay

The field of business plays an important role in the economies of various countries as well as the financial robustness of the world market. In this realm, big corporations have larger responsibilities in steering the direction of the economy in terms of the decisions that they make and the operations that they do. Their influence is not merely over other smaller corporations or companies because they also have a great impact in the society. These large corporations affect the society in numerous ways especially when it comes to the different means by which they approach their clients in marketing their products or services. However, the impact of these corporations still needs to be analyzed especially on how they shape the society at large. There are observable advantages and disadvantages that big corporations have over the general public that must be given due attention. It is the aim of this paper to identify and discuss the role of large corporations in the society. In line with this, the part that big corporations contribute in the field of business and in sustaining the needs and wants of the public will also be emphasized. Furthermore, the methods that most of these companies use in their business operations like commercials, advertisements, and mainstream media will also be accounted for. Lastly, the impact and effects of large corporations and the means that they use will also be assessed in terms of how it control the trends and fads in the society as well as how an individual view his or her self. Large Corporations Despite the feeling of some people with regards to the behaviour and mode of operation of large corporations, they cannot deny that this institution also have a contribution in the society. These corporations are mainly responsible in the material well-being of most people. It is through the services and products that they render that the public could be able to have their necessities like food, clothing, and shelter. Almost all corporate employees work everyday in order to cater to the needs and wants of the people. This kind of situation is very observable in the current society wherein almost everything in the lives of most individuals involves corporate business. The corporations have its faults and failures but the fact still remains that the corporation is an efficient institution that was created by human beings for the purpose of distributing resources for individual’s usage (Bishop). However, the corporations’ efficiency in doing its purpose comes with a cost. Some people are saying that in order for the corporation to function the society must give this institution the leeway when it comes to societal constraints so that they can pursue material ends. Having the freedom from political, moral, and ethical concerns has largely benefited these corporations but these have been a source of frustration by most governmental and social organizations. Serious concerns have resulted in the leniency that corporations has such as: pollution, environmental degradation, product disposal, natural resource depletion, worker welfare, urban decay as well as the long-term health effects from their improper waste management. According to Bishop Rooke, these issues are indeed important and must be immediately address. However, if the corporations were not given the freedom with regards to societal constraints then this would dampen the development of the modern industrial society. The World of Marketing Baker regards marketing as a field of discipline and an endeavour which existed for a considerable amount of time in the world to date but remains to be something that still brings fascination and wonders to today’s organizations (3). The primary goal and focus of the efforts of marketing is to inform the people with regard to the products and services (Steinberg 1). For large corporations, this is used in launching the products and services that they have and introducing it to their target market with the idea that the population from the said group should be enticed to buy the product that is being presented. This serves as the connection between the companies and the society wherein the former infuses several values to the latter through the use of different forms of media such as that of the television, the radio, the internet, the newspapers, and other print and visual forms so long as it allows them to create an image for the products. In doing so, the companies are able to make their corresponding contribution to the popular culture of the society. As previously mentioned, there are certain values that are sent with the marketing efforts of the companies. In identifying the relationship between popular culture and the different forms of marketing campaigns that affect it, it is important to define what popular culture means. McGowan and Kitson defines popular culture as â€Å"entertainment that is produced by the culture industries, composed of symbolic content, mediated widely, and consumed with pleasure† (138). Popular Culture and Marketing of Large Companies The relationship between popular culture and the marketing of large companies may be seen as two-fold. Popular culture serves as the sources of ideas for the marketing efforts of the large companies. Just the same, the biases that are contained within the marketing activities, such as advertising, commercials, and mainstream media, also affect and revolve back into the popular culture of the society. The latter relationship between the two serves as the focus of the next discussion. Several forms of technological advances today has allowed the large companies to create images within their advertisements, which may or may not reflect what is real. While deception could be seen as an element of the marketing efforts and activities, people could not easily filter this easily. These images created by the large companies easily â€Å"circulate in culture† (Schroeder 7). This is because of the ease that is associated with technological advancements to reach a wider set of audience and deliver their messages with much impact. A classic example of how the media has affected the popular culture is the way the concept of beauty is reflected and perceived by people. For example, companies such as Max Factor and Ponds, large corporations which deal with products related to aesthetics, are giving much emphasis on beauty that adheres to the standards of the white Europeans and Americans (Moreno 137). It is important to note that since these large companies caters to international consumers, they are able to affect the perceptions of people from outside the European and American countries with regard to beauty. The result is a notion created that people need to be white, tall, slim, and adopt the characteristics of people from these countries in order to become beautiful. In a sense, the advertisements and the commercials launched by the large companies have limited the images of beauty and make a limited sense of the values and characteristics that people should accept. Along with this, discrimination is felt by those who are not able to follow the trends set by the marketing campaigns of the large companies. Likewise, the very nature of these companies, wherein they are capable of making big initiatives, are financially stable, and are able to establish their names and credibility, has strengthened their impact with that of the society. To a certain extent, their words are seen as something that people follow because they have created a sense of influence and are seen as leaders in the industries to which they belong. Conclusion Large companies have affected the society in several ways. First, they have made their organizations available and answerable to the different societal concerns. This is brought about by the need for them to abide by the principles of corporate social responsibility. Second, they have affected the popular culture such that their marketing efforts have led them to send messages and images that are accepted by the society. It is important for the people to filter these images. Likewise, it is necessary that a review of the ethical conducts of the companies is maintained.

Computer technology Essay

The salon I am doing on is a business owned by Boitumelo Michaels. It is a privately owned company that specializes in doing different types of hair-does. Her business is located in Mododitshane. She has about fifteen helpers helping her in treating the customers. Computer Project Questions 1. What kind of work does your business specialize in? 2. Do you use computers in your business? 3. Would you like your business to be computerized? 4. Where do you keep information about your customers? 5. Do you have problems with your existing system? 6. What kind of files do you keep? 7. What kind of problems do you face in your business? Do you keep records of all receipts incase of emergencies? 9. Do you know how to use a computer? 10. How do you want the new system to help you? 2. SUMMARY Though this company uses a manual system, its sales are very high and they receive more and more customers each year. Miss Michaels handles everything including employing assistances. She keeps all her appointments in a book and all her stock purchase in a different book. She writes down receipts for her customers and also keeps a record of the receipts that she has given out. She would like her business to be computerized one day when she has enough profit. She also knows how to use computer and therefore she would have no problem in using them. The new system to be developed is a system that covers everything in the business, including its finance, customers, appointments and others. Everything from the old system is going to be transferred to the new system. If this system works without fail, it is possible, in the near future, to update everything that has been stored in the computer system. Also in the new system, information will be typed directly into the computer and all kinds of calculations will be done on the computer as well. SOFTWARE After I described all kinds of software to Miss Michaels, she decided to use Microsoft Access 2000 in the new system. She said that she would also like to use Microsoft word and Excel 2000. HARDWARE Miss Michaels said she would like to buy a computer that is Window ’00. She would be using an inkjet printer, which is pretty fast, to print out what she needs. Miss Michaels would like to buy an Intel Inside Pentium 11. I advise her to do so because this kind of computer is quite fast when using. USER LEVEL OF INFORMATION TECHNOLOGY SKILLS Miss Michaels has gone to a computer college, and therefore she is very familiar with the layout of the keyboard. She would have no trouble with the new system. She also learnt a little about some of the hardware on computers and therefore she would have no problem in using Microsoft Access. Miss Michaels has requested to use Microsoft Access; therefore a database package would be needed for this. She will be using the most commonly used programming languages rather than any old or confusing one. Microsoft Access has all the requirements that are needed in the formation of the new system.

The Normal Heart

The Normal Heart Larry Kramer wrote The Normal Heart, a semi-autobiographical award-winning play based on his experiences as a gay man during the beginning of the HIV/AIDS epidemic in New York. The protagonist, Ned Weeks, is Kramer’s alter ego - an outspoken and acerbic personality who was the voice of reason so many people both inside and outside the gay community refused to listen to or follow. Kramer himself originated the Gay Men’s Health Crisis which was one of the first groups founded to help victims of AIDS and spread awareness of the disease. Kramer was later forced out of the group he helped to found due to the board of directors feeling he was over confrontational and hostile. Sexual Revolution In the beginning of the 1980s, the gay population in America was experiencing a sexual revolution. Especially in New York City, gay men and women finally felt free enough to come â€Å"out of the closet† and express pride in who they were and the lives they wished to lead. This sexual revolution coincided with the outbreak of HIV/AIDS and the only prevention advocated by medical personnel at that time was abstinence. This solution was unacceptable to a population of oppressed people who had finally found freedom through sexual expression. Kramer and his alter ego Ned Weeks, did his best to talk to his friends, send out information, and get government assistance to convince the gay community of the real and present danger of the as yet unnamed plague that was being transmitted sexually. Kramer was met with resistance and anger from every side and it would take over four years before any of his efforts found success. Plot Synopsis The Normal Heart spans a period of three years from 1981-1984 and chronicles the beginning of the HIV/AIDS epidemic in New York City from the perspective of the protagonist, Ned Weeks. Ned is not an easy man to love or befriend. He challenges everyone’s viewpoints and is willing to speak and speak loudly, about unpopular issues. The play opens at a doctor’s office where four gay men wait to be seen by Dr. Emma Brookner. She is one of the few doctors willing to see and attempt to treat patients who come to her with the varied and bizarre symptoms with which AIDS first presents. By the end of the first scene, two of the four men are diagnosed positive for the disease. The other two men are worried about possibly being carriers of the disease. (This bears repeating: It is important to note that the disease is so new it doesn’t have a name yet.) Ned and a few others found a group to help spread awareness of this new and deadly disease. Ned butts heads with the board of directors frequently because the board wishes to focus on helping those already infected and in trouble while Ned wants to push ideas that may prevent the spread of the disease - namely, abstinence. Ned’s ideas are distinctly unpopular and his personality renders him incapable of winning anyone to his side. Even his partner, Felix, a writer for the New York Times is reluctant to write anything having to do with this supposed homosexual disease that only seems to affect gays and junkies. Ned and his group attempt to meet with the governor of New York several times with no success. In the meantime, the number of people diagnosed and deceased from the disease begins to rise exponentially. Ned wonders if any help is ever going to come from the government and strikes out on his own to go on radio and TV to spread awareness. His actions eventually lead the group he created to force him out. The board of directors does not support his insistence on having the word â€Å"Gay† on the letterhead or return address on mailings. They do not want him doing any interviews (since he wasn’t voted president) and they do not want Ned as the main voice speaking out for the gay community. He is forced out and goes home to help his partner, Felix, now in the final stages of the disease. Production Details Setting: New York City The stage is meant to be â€Å"whitewashed† with statistics about the beginning of the HIV/AIDS epidemic written in plain black lettering for the audience to read. Notes about what statistics were used in the original production can be found in the script published by the New American Library. Time: 1981-1984 Cast Size: This play can accommodate 14 actors. Male Characters: 13 Female Characters: 1 Roles Ned Weeks is difficult to get along with and love. His ideas are ahead of his time. Dr. Emma Brookner is one of the first doctors to treat the new and nameless disease infecting the gay community. She is under-appreciated in her field and her advice and prevention ideas are unpopular. The character of Dr. Emma Brookner is confined to a wheelchair due to a childhood bout of polio. This wheelchair, along with her illness, is a subject of discussion in the  dialogue of the play and the actress playing her must remain seated in the wheelchair the entire production. The character of Dr. Emma Brookner is based on the real-life doctor Dr. Linda Laubenstein who was one of the first doctors to treat patients with HIV/AIDS. Bruce Niles is the handsome president of the support group Ned helped found. He is unwilling to come out of the closet at work and refuses to do any interview that might out him as a gay man. He is terrified he may be a carrier of the disease as so many of his partners have been infected and died. Felix Turner is Ned’s partner. He is a writer for the fashion and food sections of the New York Times  but is still reluctant to write anything to publicize the disease even after he is infected. Ben Weeks is Ned’s brother. Ben swears he supports Ned’s lifestyle, but his actions often betray an underlying uneasiness with his brother’s homosexuality. Smaller Roles David Tommy Boatwright Craig Donner Mickey Marcus Hiram Keebler Grady Examining Doctor Orderly Orderly Content Issues: Language, sex, death, graphic details about the end stages of AIDS Resources Samuel French holds the production rights for The Normal Heart. In 2014, HBO released a movie of the same name.

Country analysis Essay Example | Topics and Well Written Essays - 1500 words

Country analysis - Essay Example sser powerful sections of the society are prone to expect and accept a powerful autocratic force which acts in paternalistic format and is not in favor of democratic rights of the lesser powerful. b) Ranking2 – The ranking of Mexico 81 suggests that Mexican society experiences lesser degree in distribution of power and wealth. The general mass of the society expects and accepts the superiority of few and has to live with the socio-cultural set-up of the society that has the concentration of power and wealth in few hands. d) Analysis of the difference in ranking – Over 40 ranks differentiates USA from Mexico which means that while in Mexico workplace there is a marked difference between superiors and subordinates and both consider themselves different from one another. While in USA the process of work tends to be bit more democratic and subordinates are expected to provide their views to management. a. Definition3 – individualism outlines the degree of integration of groups among individuals of the society. Individualistic societies are marked by higher degree of stress put on individualistic nature and personal achievements. On the other end of individualistic societies, we find collective societies which are dominated by individuals who remain part of a common group, which are generally marked by huge extended familial ties and relations. b. Ranking4 – The ranking of Mexico 30 which clearly outlines the state of individualism in the Mexican society which is marked by higher degree of collective groups than reliance on the achievements of individuals. d. Analysis of the difference in ranking – The work culture and business systems of individualistic society tend to do business on performance basis contracts whereas in collectivistic society like Mexico the business is usually carried out through family links. a. Definition5 - This defines the society’s tolerance or the lack of the same for uncertainty and ambiguity. It is reflective of the degree

Negotiation between USBU and the companys management Case Study

Negotiation between USBU and the companys management - Case Study Example As an example of a successful negotiated compromise was the agreement reached on superannuation. The management team had set a goal of 3%. The Union had demanded 15%. While this gap seems extremely wide and would appear to be irreconcilable, part of the reason was due to management’s overly aggressive goal. Management wished to leave the superannuation at the existing level of 3%. This was probably unrealistically low when confronted by the Union’s demand of a level 5 times that amount. However, management had had the foresight to set a more realistic acceptance level of 9%. This was the agreement that was eventually reached. Offering 4% and accepting no more than 8% may have better served management. The initial offer of 4% would have been viewed as an increase instead of the maintenance of the old rate, and the Union might have been more willing to negotiate towards that level rather than insisting on negotiating towards their 15%. The issue of wages was another source of contention as the Union asked for an unreasonable 15% plus increases linked to the consumer price index (CPI). This was later reduced, but it became generally accepted that it was a key Union demand. This excessive demand was not helpful when management was only offering 1%. The final agreement was for 1.5%, which was considerably higher than managements offer. However, management had expressed no limit on wages or bonuses. ... However, management had expressed no limit on wages or bonuses. This was further exemplified by the Union's demand of a 12% bonus as contrasted to management's offer of 5%. Management was coerced to reach an agreement of this point and had set no acceptance level. The negotiated bonus was 12%, exactly what the Union had demanded. This level may have been reduced if management had set a ceiling and negotiated some of the other soft points in the contract that did not impact the bottom line. The problem was that the priorities were all set with similar importance, which left this priority ill defined. In other areas management totally acceded to the Union's demands. The issue of hiring and staffing was agreed to on the Union's original terms. The goal of management to retain discretion in the hiring of new employees was given up. Management also gave up their ground on the issue of training. Management's original goal of utilizing an outside third party consultant to reach an agreement on how best to implement the training requirements and program was discarded and the Union was able to get nearly all of its original demands. These were issues that the management team could have been more adamant about holding their ground and using the issue to get a more favourable agreement on the more important issues of wages and bonuses. In retrospect, the management team could have been better prepared by setting acceptance levels that could have been agreed upon on wages and bonuses. Failing to have a goal resulted in giving into the Union's demands. In addition, the management team could have made a more realistic offer in the areas of wages, superannuation, hiring, and training. By only offering the pre-existing policies the Union perceived the process as