Competency Statement Essay

To maintain a commitment to professionalism by conducting myself in a professional manner at all times. Every day I get to be part of all my students and their families lives and I hope to influence them with positive attitude, great energy and provide them with knowledge that they can use as building blocks for their future education .I have an understanding of my job expectations and every day I make decisions based on knowledge about age appropriate early childhood practices. CSVI a – The reason I chose to become an early childhood professional is because I like to be part of the learning process and see how the children benefit from the program we provide. I believe that early education is very important for children and I take a great pride in the work I do every day. With my art education and ability to be very creative, I am able to use it in my classroom and create artistic wall displays, bulletin boards, interesting art projects, and colorful teaching tools for the ch ildren in our program. Every day we provide them with paint , paintbrushes ,crayons, scissors ,glues, colorful papers and many more craft supplies and they go to create their own very special piece of art. This is one of many activities in the classroom that helps them to develop variety of different skills they need for everyday life and I get to be part of it. I understand that as their teacher I am a big influence on them and every moment of the time they spend in the school and I provide them with loving and positive environment. Every day, while they are away from their families, they get to spend a day filled with learning carefully planned fun activities, and I am very happy to be a part of that. At the end of every school year I’m pleased to see all of our students to move on to the next level of their education and I’m proud that I was able to help them learn basic skills and prepare them socially and emotionally for next step in life. I am lucky I picked profession I truly love. CSVI b – The most important indicators of professionalism that I possess are the ability to continue to educate myself about the age appropriate way to teach children and be able to incorporate it to our program every day. The knowledge about child development and early childhood education keeps changing over the years and I believe all teachers have to continue to educate themselves about new ways to teach children in  our care. Over the past seven years I have been assisting a wonderful teacher who was older and had been using the early childhood education practices she has learned thirty years ago. Last year our pre-school went through big change and we started using the Creative Curriculum which was not familiar to us at all. We have been working very hard on the new of way using age-appropriate, early childhood practices. It has been great experience for me to learn the new techniques to teach children their basic skills every day, and I get very excited to come up with new and fun ways for them to learn. Every year in the summer I attend many different workshops and trainings that help my professional growth. Another important indicator of professionalism that I posses is to conduct myself in a professional manner. Every single day I arrive at work on time, with a positive attitude, smile on my face and dressed appropriately for the responsibilities I have. I have an understanding that I represent our s chool and I have to use good judgment when making decisions that affect children in our pre-schools.

Education For Woman Essay

Education is very essential for every one because it is the only education by which we can differentiate between human beings and animals. Education tells us that how can we live in a society that’s why education is important for every one, for both men and women. In past, women did not receive any education at all. They were not allowed to come out of the four walls of their houses. Domestic works were their only education. But now we are living in 21th centaury where there is no any difference between men and women. In this century women have the same respect as men have. They help each other in every sphere. So education should be given to both men and women. But instead of this there are so many people who do not want to educate their women because they think that women do not need education. They think that women are expected to take care of everyone except themselves. They have to take care of the children, stay home, clean up the house, and be the self-denying wife and mother. They think only that the life of a woman is all about getting married, having children, and being bombarded by unimportant details of domesticity. But they do not understand that the education is very important for women not only for them but for a whole family. Because women are the mothers of the future generation. If women are uneducated, the future generations will be uneducated. In day to day life, the real problems are faced first by women and then the same problems are conveyed to men for solution. If the women are educated, they can solve all the problems of their houses. It is said that when ever any men get education it is only useful for him but when ever any women get education it is useful for whole family. An educated woman gives an educated family and an educated family can makes society better. We can not imagine a god society without the education of women. If a woman will not get education how will she manage whole family? Man and woman are like the two sides of a coin. Without one, the other cannot exist. Education women can not only give an educated family but Education of women can also be helpful in eradicating many social evils such as dowry problem, unemployment problem, etc. Social peace can easily be established. A woman has to play three distinct parts in the course of her life in each of which certain duties are expected of her. The first duty of a woman is to  be a good daughter. The second is to be a good wife. And the third is to be a good mother. Education teaches a mother what she should be. It also teaches her how she would do it to be a good daughter, a good wife and a good mother. Only With the help of education women can know their rights .Woman belongs to a weaker section of the society because she suffers from many handicaps due to rigid, outdated social customs and religious practices. But an educated woman cannot be exploited easily. She is aware of her rights and will go any length to defend them. Also, one of a mother’s highest duties is the education of her children at the time when their mind is not amenable to instruction. A child’s whole future life, to a large extent, depends on the teaching it receives in early childhood and it is needless to say that this first foundation of education cannot be well laid by an ignorant mother. Thus education will enable women to make their children, husbands and parents truly happy. Consequently it is very important that women should be educated. On all these grounds female education is a vital necessity.

An Evaluation Of Funds To Businesses By Commercial Banks Finance Essay - Free Essay Example

Sample details Pages: 8 Words: 2537 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? 1.0 Introduction The growth of businesses is noted to be one of the main factors behind economic development of many countries. The success of business sectors especially small and medium sized enterprises (SME) has positive impact on the economic development of most countries, more notably in the developing countries. Business sectors including SME do not only help economic growth through employment opportunities and revenue to governments in the form of taxes and but also promote poverty alleviation through their support in community projects in and around the communities in which they operate. Don’t waste time! Our writers will create an original "An Evaluation Of Funds To Businesses By Commercial Banks Finance Essay" essay for you Create order In 2005, United Nation Economic Commission of Africa annual report indicated that over 90% of businesses in many African countries are made up of SME and Informal sectors which account for 63% of low income employment and over 50% GDP. However, lack of adequate access to finance in most developing and emerging markets place huge obstacle to the survival and growth of businesses and thereby slow down economic development. Most of these businesses do not survive or are forced to cut back their operations due to lack of external finance. While big firms may be able to generate funds through stock markets and debt finance from most banks, access to funds by SME are very much limited, in many cases to owners and family members savings and small sized commercial banks. Contrary to the common perceptions, usually supported by academics and policy cycles, that many businesses especially small and medium size cannot have access to appropriate source of finance, many research works in de veloped economic countries indicate otherwise. Some of the works indicated that some financial institutions notably commercial banks have found lending to businesses including small and medium sized enterprises (SME) profitable. A recent research found that about 80% of the banks investigated were involved in most businesses including SME, with 60% of them having separate departments to deal SME (Berk et al, 2008). According to Schmuler et al, banks are changing their organizational set-up to approach and serve this segment efficiently (Schmuler et al; PricewaterhouseCoopers, 2003. De la Torre et al. (2008) also found in their work that most of the banks use different transactional technologies such as credit score and standardized risk rating tools that enhance arm-length lending to serve businesses, thus reducing their dependence on expensive methods such as relationship lending which involved gathering of soft information by the loan officer through continuous, personalized, d irect contacts with SMEs. However the transformation of banks perception towards businesses is not worldwide, as the situation in most developing such Pakistan remained much unchanged. United Nations Environment Programme Finance Initiative (UNEP FI) African Task Force (ATF) as part of its mandate to support sustainable financial practice in Africa, commissioned a research through discussions with experts and gathering of case-studies and research and reported that most banks in Africa perceived SME as risky, unprofitable and lack skills and capacity to run successful business. Entrepreneurs also perceived stake in their business as giving away to outsider and the cost of doing business with the banks as high. These factors contributed to business lending constrained in many African countries. Other empirical research carried out in on other countries also established many varying factors affecting accessibility of credit to businesses. An analysis of database of securitisatio n activities among many European banks by Altunbas et al concluded that the increased in securitisation had affected the banks ability to grant loans, though they were quick to emphasise that the recent credit crisis played part (Altunbas et al, 2009). Atanasova and Wilson, 2004) investigated the impact of monetary transmission mechanism on the availability of bank credit to SME in UK and concluded that a period of tighten monetary conditions negatively influenced the supply of bank loans to businesses and firms asset as collateral play important role in bank credits. This confirmed the work of (Kashyap et al, 1993) who suggested that tight monetary policy reduces the supply of bank credit and borrowers are forced to turn to the use of commercial paper. Collateral requirements (Berger and Udell,1990: Atanasova and Wilson,2004), borrowers relationship with the banks (Petersen and Rajan,1994:Berger and Udell ,1995) and banks size (Peek and Rosengren,1996: Bergeret el al,1998: Uc hida et al,2008) have all been found to impact on the accessibility and the cost of banks loans to businesses, especially SMEs. Evidence from Peek and Rosengren, Bergeret et al and Uchida et al suggested that large banks tend to reduce lending to smaller businesses or favour lending to larger firms because of lack of transparency of small business information. The Carter and MCnulty (2005) reported otherwise, that larger banks are making in-road in the market for SMEs loans due to increase in use of credit scoring facilities which . Eventhough the above mentioned factors have been identified to impact on supply of banks credit to businesses, macroeconomic condition of a country can be the key factor that impact on banks ability to meet the financial need of many businesses. Developed economies are known to have financial institutions that are well capitalised with better access to their supply of funds due to favourable economic conditions. Deposits and savings from individ uals and organisations are the main sources of funds to commercial banks. These individuals and organisations lodge excess of their net disposal incomes with banks with which the banks are able to carry out their services as intermediaries. These net disposable incomes are however affected by macroeconomic factors in the country. The better these factors are, the higher supply of funds to banks would be and hence high level of loanable funds. 1.1 Nature of problem to be investigated While many empirical research had been done to identify factors that influence banks credit to businesses and the banks lending behaviour, most of these works have been carried out in countries whose economy, political situations and social environment are different from those developing countries such as Pakistan. Many governments of Pakistan have undertaken different programmes in the country aimed to meeting the financial needs of business sectors. For instance, in 1988, the government of Pakistan initiated a programme called Financial Sector Adjustment programme (FINSAP). This was launched to address the deterioration in the financial sector which is had been characterised by years of mismanagement and government interference in the administration of credit, with most banks rendered technically insolvent. FINSAP, as a financial sector liberalization programme was to help restore fiscal and monetary discipline into the sector and also to remove government control and restr ictions so as to improve efficiency in the financial sector (Asamoah, 2008). The main aims of the programme were to restructure the financial industry to allow competition and improve the banks resource mobilisation that would increase credit availability in the country. Though the banking sector has since then seen some growth, yet their credits extension to businesses have not been as expected. Economic instability experience in the country is continuously blamed for this. It is for this reason that I find it necessary to research into how Pakistans macroeconomic variables affect business lending practices of commercial banks in Pakistan, with a focus on Pakistan Commercial banks. 1.2 Research Objectives This study is being carried out to identify factors that affect or influence Pakistan Commercial bank lending practices to businesses, including SME in Pakistan. The main objectives of this study are: To assess how Pakistans macroeconomic variables impact on Pakistan commercial banks lending to businesses. To ascertain other factors that banks take into account when they lend to businesses, with focus on Pakistan commercial bank. 1.3 Research Approach The approach I have adopted to this study involves collection and analysis of both primary and secondary data. I have used both quantitative and qualitative method of analysis to achieve my research objectives. Summary of Data Used: The primary data used in this study are responses to questionnaire completed by the appropriate loan Officers of Pakistan Commercial bank at different branches. The secondary data involve sample of Pakistan Commercial bank previous loans to various businesses in Pakistan together with some macroeconomic variables existed at the time of the loans. This economic variable used interest rates, inflations and exchange rates. 1.4 layout of written work This section is about a summary of the contents of this studys report. Chapter one shall focus on the overview of the research question, objectives of the report, and a design of the research work The next chapter of this study report is chapter two, LITERATURE REVIEW. This part of the report contains theoretical works covering how the above mentioned macroeconomic variables influence banks including Pakistan Commercial banks lending behaviour. The literature is extended to detail how non-economic factors such as the personal relationship between the banks staff and the owners or management of the banks business customers help in the banks lending decisions. It also laid out the impact of collateral on the loan terms. Most of the sections under this chapter also contain various empirical research findings relating to business lending by banks in many different countries. Chapter three is on METHODOLOGY. This chapter contains sections on methods of obtaining the various data used in this study, the sampling methods adopted in this study, the business models in the study and how I analysed the data obtained to arrive at my conclusion. Chapter Four is the RESULTS AND DISCUSSIONS. This part of the report contains the outcome of the regression equations estimated by the regression software and their respective interpretations. It also contains deductions made from responses to the questionnaire. Chapter Five is the CONCLUSION I drawn from the study and my recommendation for future improvement. 1.5 Literature review 1.5.1 Introduction and chapter overview The main objective of financial institutions and for that matter Pakistan Commercial Bank is to make profit and maximize the wealth of their investors and shareholders through reinvestment of the premiums, deposits or funds generated. These reinvestments take the form of tangible asset management such as land and buildings, stake in other organizations, purchase of government bonds and lending to individuals and businesses. 1.5.2 the ultimate lenders and ultimate borrowers Ultimate lenders are described as the agents whose excess of income over expenditure creates financial surplus which they are willing to lend and make returns. Ultimate borrowers are those whose excess expenditure over their income creates a financial deficit which they wish to meet by borrowing (Howell and Bain, 2000). Ultimate borrowers include individuals and businesses and governments. 1.5.2 financial institutions The financial needs of different organisations and individual vary widely. Financial institutions are the different types of firms that act as intermediaries in meeting the various financial needs of these different organisations and individuals (Miller and Vanhoose, 2001). Financial institutions are private and public organizations which act as channels between the savers and borrowers. They provide the mechanism for transferring funds from savers to borrowers. Financial institutions could be distinguished from each other in different ways. The common mode is by their products and services. The two main distinguishing are the deposit taking institutions (DTI) and non-deposit taking institutions (NDTI). NDTI are organizations such as insurance companies, pension funds Unit trusts and Investment trusts etc who create liabilities by the promises to pay funds to their savers on the occurrences of specified events. Until such specified events occur NDTI barely make payment on the supplied funds. Depository institutions (DTI) are dominants of all intermediaries. They accept deposits from ultimate lenders to provide credit to deficit units through loans and purchase of securities. Depository institutions open deposit accounts to accommodate the surplus units and repackage the funds received to borrowers in the form of loans and bonds. To compensate for the risk taken by DTIs in providing the loans, interest rates higher than the rates paid on the deposits are charged on the amount lent to the borrowers. Depository institution is made of two main categories, thrift institutions and commercial banks, which Pakistan Commercial bank, the subject of the research belongs to (Madura,2001). 1.5.3 Business lending by commercial Banks: Theoretical Framework Business lending or commercial loan as commonly known may be described as loan advanced to businesses rather than consumers by financial institutions such as commercial banks. Commercial banks in acting as intermediaries take deposits from those with excess income and lend it out to businesses to meet their financial needs. To guarantee to depositors the security of their money and any returns, banks issues their funds to borrowers in the form of loans to generate income so that they repay depositors with interest. Businesses that borrow from the banks use the loan to satisfy their varying needs and are expected to pay back the loan within the period agreed with the bank and as specified in the term and conditions of the loan. The agreed period could be short-term (up to one year), medium-term (1 year to 5 year) and long-term (over 5 years). In order for banks to attract more depositors, the banks pay interest on the deposits lodged with the banks. According to Rose (2000) , loans provide banks with largest portion their operating revenue and also constitute the highest yielding asset. This assessment was confirmed by the work of Lloyds B Thomas Jr, 1986, who put it as 70% and 67 of operating income and assets respectively, work based on 1984 data. In the past, commercial lending was solely undertaken by banks but the perceived high profitability and increased competition in the financial industry had attracted non-banks institutions into lending (Fraser et al,1995). With increased in competition in financial industry and high profit margin associated with loans, one would expect businesses to access to finance with less difficulties. This has not been the case for many businesses, mostly SMEs. Many theoretical and empirical works have suggested many varying factors that affect and influence the accessibility of banks credits by businesses. 1.5.4 Business lending and Associated Risks Any profit maximising business, such as banking involves risk. Credit risk or default risk has been identified as the main danger faced by banks in granting credit to borrowers. When extending credit to businesses, there is level of uncertain that the business might not pay back the credit taken. Credit risk is the risk that an asset or a loan may become irrecoverable in the case of outright default or delay in servicing the loan. Outright default and delays in servicing the loans reduce the present value to the asset/loan and consequently the solvency of the bank. High level of defaults by borrowers could result in liquidity problems for the banks. Customers deposit their money with the bank in the hope that they can withdraw the deposit when required (Herfferman, 2002). Failure on the part of the borrowers to pay back the loans could result in a situation where the banks will not have sufficient funds available for withdrawal when depositors need them. This could send wrong si gnal to depositors in respect to the security of their deposits and in a worse case, may result in bank run. 1.6 A Gantt chart of plan of work Appendix 1  A Gantt chart of tasks and time duration  Time duration 1 Reading and coining research ideas            2 Defining research objectives            3 Preparation of research proposal            4 Designing of research methodology and questionnaires            5 Issuing and collecting of questionnaires            6 Building up of literature review            7 preparing and Collection of secondary data.            8 summarizing of secondary data gathered            9 Analyzing primary and secondary information            10 Draft copy of research work            11 Adjusting draft copy noting valuable feedbacks from supervisor            12 Drawing up of final report            13 submission of dissertation           Â

Should The First Amendment Right Be Protected At All Times

In the Denver Posts editorial Putting up with Hate, the first amendment right of Americans is seriously discussed. A case over funeral protesting reached the Supreme Court. The issue was that a church group traveled to a funeral of a deceased soldier to protest it. The reasons were not because of the soldiers individual actions but because he had served in the army. This sparked the debate on whether this group should be allowed to do what they did. The dispute was whether the first amendment should be protected at all times even when it is a difficult price to pay. The Supreme Court ruled that the first amendment right will be protected at all times. The argument against that was if the speech caused sorrow, it should be ruled illegal. The Supreme Court stated that if they were to stifle the speech of the protesters that it would spark public debate on many other things. The Denver Post also states that the Supreme Court ruled that the protestors obeyed police laws which is staying at least 1,000 feet away from feet from the sight of the funeral. The Denver Post stands behind the decisions of the Supreme Court to keep the rights of American Citizens protected. Although they used words to describe the activities in a negative way, they still proceeded to support to the Supreme Court. Toward the end of the editorial, the Denver Post states that they liked the way the community had come together to protest the protesters. The community chose to create a barrier of peopleShow MoreRelatedFlag Desecration Synthesis Essay1321 Words   |  6 PagesThat Flag Should Not Be Protected The United States is known for being ‘land of the free’, a nation with a Declaration of Independence, as well, as a Constitution protecting the rights of it’s citizens. Wars have been fought and many people have died so we could have the rights that present today. The freedom of speech, freedom of religion, freedom of assembly, and most importantly the right to petition our government; all of which fall under the First Amendment in the Bill of Rights. Our nation’sRead MoreFreedom Of Speech By John Locke Essay1325 Words   |  6 PagesFreedom of speech is the right given to all United States citizens to express their opinions openly, without having to fear legal punishment. However, the idea of this freedom goes back far before the United States was even declared an independent country. In the 16th century, European thinkers such as John Locke began to discuss freedom of speech as a basic human right, a necessity for a free and thriving society and a well governed country. In the United States, freedom of speech is split intoRead MoreIs Flag Burning Protected By The First Amendment?1617 Words   |  7 PagesBurning Protected by the First Amendment? 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Should Marijuana Be Legalized Essay - 1451 Words

On August 11, 2016 the DEA reported that marijuana would stay a schedule 1 drug. The DEA (2016) stated through they’re report in the federal register, â€Å"the known risks of marijuana use have not been shown to be outweighed by specific benefits in well-controlled clinical trials that scientifically evaluate safety and efficacy. This decision was one that took many people by surprise, especially with the growing number of states deciding to legalize the use of the plant. According to the National Institute on Drug Abuse (2015), in 2013, there were 19.8 million current users, up from 14.5 million (5.8 percent) in 2007. This shows a steady grow in the use of marijuana. Acknowledging the steady grow of marijuana users, the federal government should take steps to begin federal legalization across the United States. The report published by the DEA focused solely on weighing the medical benefits of the plant; however, the positive effects on the economy and the nation’s cr ime rate should also be taken into consideration when providing legalization of marijuana. We start by examining the medical use of the plant. Positive effects of marijuana have been recognized for hundreds of years. Marron states that marijuana has been used for medical reasons for about 8,000 years, with prescriptions dating back to the ancient Egyptians. He also noted that in 1930, prior to the ban on cannabis, American pharmaceutical companies Parke-Davis and Eli Lily, both whom are still up and running, soldShow MoreRelatedShould Marijuana Be Legalized?849 Words   |  4 Pageswhether marijuana should be legalized. Around 23 states have legalized marijuana for medical and recreational use. In the state of Illinois, medicinal use of marijuana has been passed on April 17, 2013. 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Accounting and Financial Management Goals and Entity

Question: Discuss about the Accounting and Financial Management for Goals and Entity. Answer: Introduction The following study evaluates Blackmores which is the latest leading health company based in Australia The company specializes in developing products and services that deals in vitamins, minerals , herbs as well as nutrients . This shall help consumers in availing medical aid to patients suffering from chronic conditions. The following report evaluates the financial conditions of the company as well as the key assets, liabilities as well as the equity of the company. This shall help the business activity in the development of the financial goals and the objectives of the business entity and make the necessary financial strategies. 1. Company Overview The Blackmores is the leading health company. It offers a range of vitamins, minerals as well as herbal and nutritional supplements for the company. As such, it has earned distinct brand reputation and name in the International market. According to Lasher (2013)., the brand has earned the title of the Most Trusted Brand in Australia . The essential aspects of the annual report of the company are the cash Flow, balance sheet and the income statement of the company. The annual reports of the company state the existing financial condition of the company. In the recent years, the brand has achieved considerable financial competencies of the organization. Leauby and Wentzel (2012) stated that the ratio analysis technique of the company has revealed that there is adequate working capital of the company to meet the daily operational expenses of the company. In addition, the inherent financial strength of the company is enough to meet the daily operational expenses of the organization. The Blackmores is listed in ASX 100 publicly listed companies. The brand operates in around 17 countries. . Francis et al. (2015) mentioned that the core components of the Blackmores Group Includes - BioCeuticals, Pure Animal Well being ( PAW) , the Blackmoress Institute as well as Blackmoress Asia . In addition, the Blackmoress Group shall also include Fusion Health and Bemore. The Blackmores group is one of the leading entities in Australia and has an impact on the operational strategies of the business entity. Ebert and Griffin (2015) has stated that the brand has developed more than 250 vitamins and minerals as well as herbal supplements in the country. The company was established in the year 1930 which influence the operational strategies of the business entity. In this regard, it can be stated that Blackmores has been the leading provider of medicines to the health institutes and hospitals in the domestic as well as the international market. Zadek et al. (2013) mentioned that t he brand has been conducting health camps on a regular basis to raise awareness about various health issues that has been hampering the physical condition of the masses. The Blackmores Company has been able to achieve distinct brand reputation and market reputation in the international market. 2. Financial Statement Analysis The annual position of the business entity shall refer to the inherent financial position of the business entity. In this regard, it can be said that the balance sheet of the organization shall refer to the assets and the liability of the organization. The monetary policies of the business entity shall be developed as per the necessary IASB/AASB framework. The recognition of reverence is one of the essential aspects of the operational aspects of the business entity. Budding et al. (2014) mentioned that as per the financial reports of 2015, the revenue and the expenses of the brand has been assessed as per the financial guideline. Another essential feature of the analysis has been the identification of the bad debts as well as the provision of bad debt. In this regard, it can be stated that the business entity has responded appropriately to determine the amount of bad debts in the organization and the necessary changes has been made to the debtors level in the organization. As such, t his has assisted the business entity to correctly assess the amount of expenditures made in the sales level of the organization. The brand has invested considerably in the social responsibility activities in Australia. As such, these expenditures has to be considerably be accounted to assess the financial condition of the business enterprise. Francis et al. (2015) mentioned that expenditures related to the CSR activities have to be assessed accordingly, to prevent any financial irregularities in the organization. Corporate Social Responsibility expenses shall have to be assessed accordingly in the case of business enterprises operates in multiple countries. Blackmores operates in multiple countries. As such, it is subjected to different taxation laws and business operations in many countries. The brand has to adjust to different taxations and trading laws in many countries to successfully establish the taxation procedures in many countries. The development of the taxation procedures in many countries shall assist the business entity in the development of the organizational taxes in the business entity. Besides this Ahmed et al.(2013) mentioned that Blackmores has developed health camps in many countries to treat patients and that shall have an impact on the operational policies of the entity. Blackmores has taken pertinent measures to develop the accounting statements pertaining to such endeavors. As such, this shall have an impact on the operational strategies of the business entity and help the business enterprise in the development of the financial strategies of the business entity. To facilitate the survivability in an intensively competitive market, Blackmores has taken certain credit management policies in the organization. As such, it is necessary for the business entity to develop when one of the parties in the contract shall not adhere to the contractual obligations to the contract. Henderson et al. (2015) mentioned that the Blackmores group executes financial transaction with parties that shall have a positive financial history. As such , the independent rating agencies has been used to determine the existing financial condition of business entities and the credit worthiness of the suppliers. Thus, this is essential for the business entity to prevent defaulting of the loans. To achieve business sustainability, the brand has to ensure that the level of bad debts in the organization shall have an impact on the sales revenue of the organization. Types of Ratios Formulae Value ( All figures in AUD Million ) Ratio Liquidity Ratio: Current Ratio (Current assets/ Current Liabilities) 64.02 1.633579995 39.19 Net Working Capital Ratio (Current Assets - Current Liabilities)/ Total assets 24.83 0.2483 100 Solvency Ratios: Debt to Assets Ratio (Debt/ Total Assets) 15 0.15 100 Debt to Equity (Debt/ Total Equity) 15 0.15 100 Efficiency Ratio: Asset Turnover Ratio (Sales/ Total Assets) 47 0.4716 100 Fixed Asset Ratio (Sales/ Total fixed asset) 47 0.447619048 105 Profitability Ratio: Return on Equity (ROE) (Net income/ Shareholders' Equity) 47 1.037527594 45.3 Profit Margin ratio (Net Income/ Revenue) 47 0.099576271 472 As per the above ratios, the current ratio and the net working capital ratio of the organization indicates the proper financial health of the business entity. As such, the current ratio of the organization reflects the adequate financial position of the business entity. In this regard, it can be said that the current ratio of more than 1 shall reflects the adequate financial position of the business entity. In addition, the solvency ratio of the organization indicates the presence of debts in proportion to the assets present in the organization. The ratio analysis techniques indicate that there is a substantial presence of debts in the organization. The fixed assets ratio of the business entity shall indicate towards the presence of funds in the organization. According to Badolato et al. (2014)., the presence of assets in the business organization at the end of the year is a pertinent indicator towards the sales amount in the organization . As such, this shall lead the business entity towards organizational growth and prosperity in the International market. The profits margin ratio of the company shall indicate towards the level of profit achieved in the existing year. In the current ratio, the profit margin ratio can be called substantial in the existing market condition. Thus, the financial situation of the company has improved when compared to the year 2013. Bandy (2014) mentioned that recently Blackmores has achieved considerable sales revenue in Australia with the establishment of newer markets. The profitability ratio of the company shall refer to the adequate financial position of the business enterprise. Webster (2016) mentioned that that the ratio analysis technique of Blackmores reveals the solvency ratios as well as the efficiency ratios, which are pertinent indicators towards the growing financial sustainability of the business entity. The solvency ratio of the company shall have an impact on the operational strategies of the business entity. According to Mongiello and Harris (2012), the return on equity of the company shall reveal the amount of return in the investments made in a particular accounting period. The return on equity ratio of the company of 1.037527594 shall have a positive impact on the operational as well as the financial policies adopted by a business enterprise. 3. Limitations of Ratio Analysis Inflation - The ratios computed does not exhibit the financial condition of the business entity due to inflation. As such, these factors shall have an impact on the operational strategies of the business entity. Thus, increase in the prices of the goods shall hamper the ratio analysis techniques in the organization. Comparison Ratio Analysis does not facilitate comparison between two different companies operating in different products and service lines. As such, the ratios thus computed shall not reflect the total financial condition of the business entity. Nuryanah and Islam (2015) mentioned that the ratio analysis system in the organization should have an impact on the operational strategies of the organization. Identifying the discrepancies The discrepancies in the financial statements in the business entity shall have to identify to take proper measures to aid the business organization in its recovery path. Thus, the ratio analysis techniques used is not adequate to identify the discrepancies in the operational processes of the business entity. According to Ward (2012), the ratio analysis techniques can only help the user to analyze the financial condition of the business entity and not useful in recognizing the flaws in the existing financial condition of the business entity. Accounting policies It can be said that different companies possess different kinds of accounting policies to record the financial transactions of the business entity. Thus this has an adverse impact on the ratio analysis technique applied for the business organization. Weygandt et al. (2015) mentioned that there is no uniformity in the ratio analysis techniques followed in business organizations. As such, the ratio analysis techniques followed in reputed business organizations has not been consistent in delivering authentic financial results for business enterprises. In this regard, it can be said that the accounting policies varies due to the nature and the type of business s entity the firm is currently operating. 4. Perspectives of the potential investor The annual report of Blackmores contains a detailed financial report about the existing financial condition of the business entity. As such, it shall help an investor to gather latest information about the financial condition of the business entity. The current assets as well as the liabilities of the business entity are stated in a detailed manner. Besides this, the financial information about the shares and other financial stocks sold by the company have been explained in a detailed manner. In this regard, it can be said that the annual report of the company does not state the detailed operational policies of the business entity and its partnership with other reputed brands in the market. In addition, the amount of money spent in the sales promotional expenses or in developing consumer awareness about the merits of Blackmores health products. In addition, the market shares of Blackmores in the domestic and the international market. This is a drawback of the annual report of Blackmo res in the global market. As a potential investor, one is required to know the existing market share of Blackmores in the domestic as well as the International market. This would help the investor to determine the level of investment that would be appropriate for Blackmores in determining the financial investment for the business entity. The dependence on the historical cost of the organization shall have an impact on the operational policies of the organization. As such, these assets are recorded at the original cost at which they are acquired. Thus, they are not stated at the existing market value of the organization. According to Ward (2012), this would not give a clear view of the investors in the organization. This would hamper the decision making process of the investors. Apart from these factors, the amount of money owed to the creditors is not stated clearly. This is a very pertinent issue within the annual report of the company. As such, the brand has to respond appropriately to offer such information in the year ended annual reports of the company. In addition, the brand has to take the measures in developing the goals of the enterprise. The amount of debt that the company owes is an important indicator towards the decision making process of the user. Conclusion Blackmoress has been one of the leading companies based in Australia that deals in healthcare products. The ratio analysis of the company reveals that the company is in a better position financially when compared with the past years. The ratio analysis technique is limited when comparing the financial position of the brand with the other companies operating in the different product and service line. The annual report of the company consists of certain discrepancies and may not offer the full view of the financial position of the business entity to a potential investor. However, the brand is in a path of growth and is expected to acquire a larger market share in the domestic as well as the international market. References Ahmed, A. S., Neel, M., Wang, D. (2013). Does mandatory adoption of IFRS improve accounting quality? Preliminary evidence. Contemporary Accounting Research, 30(4), 1344-1372. Badolato, P. G., Donelson, D. C., Ege, M. (2014). Audit committee financial expertise and earnings management: The role of status. Journal of Accounting and Economics, 58(2), 208-230. Bandy, G. (2014). Financial management and accounting in the public sector. Routledge. Budding, T., Grossi, G., Tagesson, T. (2014). Public sector accounting. Routledge. Ebert, R. J., Griffin, R. W. (2015). Business essentials. Upper Saddle River, NJ: Pearson. Francis, B., Hasan, I., Park, J. C., Wu, Q. (2015). Gender differences in financial reporting decision making: Evidence from accounting conservatism.Contemporary Accounting Research, 32(3), 1285-1318. Henderson, S., Peirson, G., Herbohn, K., Howieson, B. (2015). Issues in financial accounting. Pearson Higher Education AU. Lasher, W. R. (2013). Practical financial management. Nelson Education. Leauby, B. A., Wentzel, K. (2012). Linking Management Accounting and Finance: Assessing Student Perceptions. Strategic Finance, 93(11). Mongiello, M., Harris, P. (2012). companies. Accounting and Financial Management, 423. Nuryanah, S., Islam, S. (2015). Corporate Governance and Financial Management: Computational Optimisation Modelling and Accounting Perspectives. Springer. Panaretou, A., Shackleton, M. B., Taylor, P. A. (2013). Corporate risk management and hedge accounting. Contemporary Accounting Research,30(1), 116-139. Ward, K. (2012). Strategic management accounting. Routledge. Webster, W. H. (2016). Accounting for managers. Weygandt, J. J., Kimmel, P. D., Kieso, D. E. (2015). Financial Managerial Accounting. John Wiley Sons. Zadek, S., Evans, R., Pruzan, P. (2013). Building corporate accountability: Emerging practice in social and ethical accounting and auditing. Routledge.

Othello Analysis Othello is a story of jealousy an Essays - Fiction

Othello Analysis Othello is a story of jealousy and manipulation. The story of a man who believes that he deserves to have everything he wants. If anything gets in the way he may ridicule, manipulate or even fight to move it. Othello uses several different types of elements in the drama. Symbolism, Irony and Conflict are all elements that can be found in Othello. We will discuss each in detail later in the essay. The audience views characters in Othello in many different ways especially when dramatic irony causes the reader/audience to view a character differently than what another character in the drama may thing of them. Othello is very diverse play in which is holds many different elements but also gives the audience a chance interpret the story. First lets discuss the elements that are found in this drama. Symbolism is used a couple different times in the drama. One is the word honesty. The word honesty presents itself through out the play meaning different things at each time. Some examples are the honesty of women, honesty to self, speaking the truth and an honest and loving friend. Honest may mean one thing but depending on which part of the drama you're reading may depend exactly what is being discussed when it comes to honesty. Another symbol was the handkerchief that was given to Desdemona from Othello. Desdemona thought of the handkerchief as Othello's love for her. Last symbol was the song "Willow" that Desdemona sang when preparing for bed. The song was about a woman who was betrayed by her lover suggesting that men are unfaithful. Desdemona felt that she was being alienated from Othello's affections and that if he was going crazy like she assumed he was he would leave her. Another element that was used in the dram a was Irony. Irony was used in when Iago used personal dishonesty such as lies and deceit to convince Othello that his wife Desdemona was cheating on him. While Iago lead Othello to believe this, Iago was acting as if he was looking out for him as his friend. What Othello didn't know was that Iago was out to get him and gain his power from him. This was the Dramatic Iron in the drama. We the audience knew that Desdemona was innocent and did not cheat on Othello and that Iago were out to rob everyone. The conflict of the drama was that Othello and Desdemona were married, living a life together despite any differences until Iago came along and let greed get into his way so that he would convince Othello that Desdemona was unfaithful. The Theme of the drama was jealousy, hatred, loyalty, manipulation and power. Loyal means two different things. Iago was loyal to self so that he would accomplish what he wanted but another example was that men were loyal to women or Iago's men were loyal to him. The characters in this drama were pretty complex and trying to analyze each one tended to be more difficult than usual. First lets talk about Othello who was the protagonist and hero. He was the most powerful figure but at sometimes he seemed to be the most vulnerable. He was well respected but had serious insecurities because of his age and race. Desdemona was Othello's wife. She was determined to get what she wanted to a certain extent. She was self driven and would have defended her marriage at any given point in time. Next is Iago who was the villain. He was envious of Othello and wanted everything he had. Iago was mind driven by his emotions in which he let get the best of him. He let Greed get in the way of things, which took him over and made him crazy which ended in death. Othello was a complex drama with many different elements used which serious portrayal. I wouldn't necessarily say it was a feminist piece but did hold some traits of feminism. As for emotions and feeling being hidden, no. I do believe that things tended to be written out on how characters felt and even how the audience should feel. There is power struggle between Othello and Iago as characters.