The Shawshank Redemption, Personal Power Essay and Short...

Advanced English Mary Gordon-Thomson 1) Explain how The Shawshank Redemption represents the personal power 2) Compare The Shawshank Redemption with another text in relation to the power of one 3) Do you agree with how The Shawshank Redemption represents organisational power 4) Compose your own text representing personal power 1. The Shawshank Redemption representing personal power The entire plot of this film relies on how personal power is striped from the prisoners and the effect that this has on them. With out this aspect the film would have very little or no effect in displaying Andy’s escape. Personal power is represented through out the film in a multiple of ways including scenes such as†¦show more content†¦The guards are brutal, they use force to scare the prisoners to do as they are told and completely rely on threats and intimidation to keep their position. The power that they hold may be very strong at their peak but when power relies on abuse and dishonesty is can not last forever. The routine is a very different kind of organisational power. It is present in every single shot inside the prison, from things as simple as their clothing to what time they eat, sleep and use the bathroom. It is unescapable and yet seems to be irrelevant in comparison to the obvious power of the guards. The reality is, it is not physical and mental abuse of the prisoners that wears them down, is it the constant and ever strong drone of this routine that break them. If given enough time it strips away everything individual the prisoners could previously have, even up to something as personal as a name. The guards’ power is obvious; it is shown in their uniforms, specifically angled shots to display height and status and the constant reminder of weaponry they have at their disposal, whether that be a fist, a gun or a baton. The routines power however is much more subtle and therefore can go unnoticed. It is shown effectively in the repetition of significant events (such as how Reds parole was being rejected and Red and Brookes leaving from the prison being exactly the same),Show MoreRelatedEssay on 103 American Literature Final Exam5447 Words   |  22 Pagesï » ¿Final Exam I. Multiple choice: 1% x 30 = 30% 1865-1914 1. The novels and short stories of Henry James and Edith Wharton tended to focus on (A) the tragic outcomes of impoverished characters living in industrialized urban wastelands. (B) the ordeals of isolated characters living as survivalists in the sparsely populated hinterlands of the United States. (C) the inner psychological lives of privileged upper-class characters. (D) the exploits of characters with startling accomplishments and impressiveRead MoreProject Mgmt296381 Words   |  1186 PagesProject Manager 338 Managing versus Leading a Project 339 Managing Project Stakeholders 340 Influence as Exchange 344 Task-Related Currencies 345 Position-Related Currencies 346 Inspiration-Related Currencies 346 Relationship-Related Currencies 346 Personal-Related Currencies 347 Well-Defined Requirements and Procedures 423 Extensive Training and Team-Building Activities 424 Well-Established Conflict Management Processes in Place 426 Frequent Review and Status Updates 426 Co-Location When Needed

The Prevalence And Effect Of Workplace - 2014 Words

Workplace bullying is a significant but complex issue that presents challenges for a large portion of Australian firms. Depicted as a form of psychological violence, there have been continuous cases resulting in serious mental injury or even death. Accordingly over the past decade, research against workplace bullying has rapidly increased internationally including Australia. Since its first study in the UK, following studies agree on the fact that workplace bullying has become a hazard affecting people in their daily work-life. Special attention is required as it is not a matter exclusive to a certain region or industry. Its negative impacts being evident, managing and preventing it is a major task for all workplaces concerned.†¦show more content†¦It found that 6.8 percent of Australian workers have been bullied at work six months prior to being surveyed, with more than half experiencing bullying for longer than six months period. (Dollard 2012) Also, the news article on ‘the human cost of workplace bullying’ claimed that such conditions were costing Australian economy between 6 to 36billion dollars a year. The major reasons pinpointed were the reduced productivity, increase in number of absenteeism and turnover. In addition to its impact on economy, workplace bullying has a devastating effect on the individual employees. Bullying can bring significant damage to the victim’s wellbeing, which in extreme cases leads to suicide. Regarding a research conducted by Toni Mellington, an Australian health psychologist, there is a direct negative relationship between bullying and health. (Gregor 2015) Employees who claimed to have been bullied reported poorer health, with an increase in severity of bullying increasing the chance of poorer health. The finding also suggested that the experience of merely witnessing bullying can also have a negative impact on one’s health, backing up the fact that bullying affe cts not only the individual but the entire firm. The eye-catching studies above urge a prompt reaction towards resolving workplace bullying. Currently everyone at workplace is potentially at the risk of being bullied. Knowing the prevalence of bullying and the

Macy’s Inc Free Essays

There is not an iota of doubt that Macy’s Inc. is still the leading retail store in the United States.   Nevertheless, this business and marketing achievement of the firm is on for a tough competition given the evolving realities in the retail industry. We will write a custom essay sample on Macy’s Inc or any similar topic only for you Order Now Basing alone from the financial report of the company as of February 2008, the big store’s net income was down by 10.2% or $893 million compared with the previous fiscal year (Mammarella, 2008). The company has to shape up to parry the business strategies thrown before its doors by rivals in the business. One of the business strategies that the firm has an option to embrace is the lucrative and attractive opportunity given by expanding internationally. Since this business maneuver has been applied by the company several years ago, it can exploit this well-proven strategic move by furthering its presence in the international retail arena. Given that Macy’s Inc. has already set up stores in different countries, adding additional stores in several well-placed territory around the globe can boost its sales and opportunity to increase its financial portfolio. The countries where Macy’s Inc. can apply this strategy are the countries of China and Russia. These two countries basically hold a huge number of population which promises bigger consumer market for the big store. In China alone, there are already several cities that are economically growing at an exponential rate. The company can grab this opportunity by setting up stores in these cities considering that in the dynamics of a healthy economic state the purchasing power and surplus cash of the population is certainly high. As a second alternative for the company, it can pursue a joint venture with rival competitor in the market to consolidate its strength in the industry, both at its home base in United States and internationally. The advantage of negotiating for a partnership with another player in the retail market is the promise of higher percentage of cornering the large portion of the sales in the market. In regards to the company’s dominance at its home base, United States, one business strategies that is being employed right now, through the leadership of the firm’s Chief Marketing Officer Peter Sachse, is to give more focus and attention on the local market (Zmuda, 2008). Since the company is already a Goliath in the industry, it has somehow alienated most of its consumer based. As a reaction to this observation, Macy’s Inc. makes the strategic business move of re-connecting with the local consumers. This deft business maneuver from the perspective of marketing strategy, will guide the company in making a program that ensures advertising campaigns closely reflect the local tastes and needs. A good example of this initiative to focus on local consumers is the marketing and selling of coats. Macy’s can create a sale more of this kind of product in Minneapolis than, say, in Miami. If the high school prom is approaching, the company in turn can run an ad tailored according to this situation. If the local cheerleading squad for example wins the championship, the firm can place ads on TV, newspapers, magazines, and Internet congratulating them (Znuda, 2008). In the end, the big store can reinforced its brand name in the local community. Another alternative for the company is to slow down on its program of building new stores (Ryan, 2008). This business move will enable the company to speed-up â€Å"same-store sales growth.† At the same time, this will reduce the operational expenses of the company since the strategy will free up 2,550 positions. Moreover, this strategy will give a savings of several million dollars from unnecessary expenses. The alternatives business strategies therefore that are open for Macy’s Inc. are to exploit the opportunity of expanding globally, merging with a rival competitor, a more focus on the local market to reinforce its brand name at its home base and the strategy to slow down on setting up stores in order to free it from unnecessary expenses and at the same time give existing stores the opportunity to boost their sales. Bibliography Mammarella, J. (2008). Macy’s to Slow Store Growth, Boost Interaction. Home Textiles Today.   Vol. 29 (8), p20-20 Ryan, F. (2008). Macy’s P.R. not affected by cutbacks. Caribbean Business. Vol. 36 (6), 10-10, Zmuda, N. (2008). Now a Goliath, Macy’s seeks localized focus. Advertising Age. Vol. 79 (12), 3-29          How to cite Macy’s Inc, Essay examples

Users Financial Statements About Adoption â€Myassignmenthelp.Com

Question: Discuss About The Users Financial Statements About Adoption? Answer: Introduction This report reflects the debt understanding on normative and positive theories of financial accounting. Each and every company needs to establish proper level of harmonization in domestic and international accounting standards. There are several companies such as BP Billiton Company, Wesfarmers plc and Morrison plc that have been running its business since very long time in Australia. However, due to the different accounting sets and standards, these companies have been facing several red flag while reporting its financial standardsIn this report, it is given that reporting frameworks of organization are depends upon the accounting standards and reporting framework of organization. It is observed that Accounting policies are the standard and specific rules, procedure and accounting implication which are used by accountant to prepare the accounts and financial reporting of organization. In this report study has been prepared how BP Billiton Company has been following IFRS rules and po ssible red flags faced by company in its reporting frameworks. Present description of organization In this report BP Billiton Company has been taken into consideration to identify the estimates in accounting reporting and red flags in accounting and reporting of financial statement of company. It is Australian Conglomerate Company which has been providing oil and gas services on domestic and international level. This company has followed proper level of international financial reporting standards and endeavor towards harmonization in GAAP rules and regulation and application international accounting standard (Kieso, Weygandt and Warfield, 2010) Accounting policies and GAAP rules followed by BP Billiton Company There are several financial and accounting policies followed by BP Billiton Company while accounting and reporting of financial statement (Irvine and Moerman, 2017). BP Billiton Company has adopted straight line and written down method to charge deprecation on its assets. With the help of these depreciation methods, company could reflect the true and fair view to reflects the true value of its assets as per the IFRS rules and standards (Hussey and Ong, 2017). There is another implication which is related to AASB16 lease, BP Billiton Company has made provision of right-of-use assets while reporting its underlying leased assets in the business. All the assets and consolidation of financial statement of company has been done as per the AASB-5 IFRS rules and accounting standards (Cairns, et al. 2011). With a view to showcase the true and fair view of assets of company, BP Billiton Company has implemented impairment test in its business functioning. All the impairment loss has been charged from the cash generating units of organization after deducting the amount from the goodwill. (de Ricquebourg and Jonathan, 2013). BP Billiton Company has prepared its financial statement after following AASB 101. This level of reporting frameworks has allowed BP Billiton Company to increase the transparency and effectiveness of financial statements in determined approach. AASB-117 has also been followed by BP Billiton Company to strengthen its accounting and reporting of its leased assets to its stakeholders in determined approach. Estimates used by BP Billiton Company BP Billiton Company has implemented proper rules and regulation while estimating its future events such as income tax payment, valuation of inventories management, joint venture transactions, commitment of company and identification of contingencies and other details (Clinton, Pinello and Skaife, 2014). BP Billiton Company has relies on the data and other details shown by its subsidiaries company while reporting its assets and liabilities in the consolidation statement of company. In addition to this, company has implemented proper level of international financial reporting standards while reporting its financial statement and other required documents with the international reporting authorities (Nobes and Stadler, 2015). There will be following outcomes which would be observed in the BP Billiton Companys reporting frameworks. International investors and stakeholders will make easy interpretation of financial statement of company. Consolidated financial statement of BP Billiton Company is prepared after following AASB-5 and included all the estimates in its financial notes of accounts (Steman, 2016). BP Billiton Company has adopted international financial reporting standards and establish harmonization in its GAAP rules. BP Billiton Company has implemented impairment test as per the IAS-136 provisions and rules to report the value of its assets in its reporting frameworks. It has set estimation for liabilities for wages and salary including non-monetary transactions and explained that all the transaction should be set off within 12 months from the reporting period. Estimates used by rivals There are several rivals such as Morrison plc, Wesfarmers Plc who have been following international financial reporting. However, the estimations used by all these companies are different from each other. Nonetheless, these all companies have been following proper level of international financial reporting problems with a view to establish harmonization in its domestic and international reporting frameworks (Mardini, Crawford and Power, 2015). In addition to this, other estimates such as inventory valuation, tax management and other investment projects which is considered by organizations in determined approach. Comparison of accounting policies and estimates used by BP Billiton Company s and Morrison plc Accounting rules BP Billiton Company Morrison plc AS per IFRS-5 ( Rehabilitation and injecting of funds Company has implemented IFRS-5 provisos and rehabilitation and injecting money in the business operation of company has been determined as capital nature transactions of business (Cline, Garner and Yore, 2014). This company has bifurcated all its investment, investment in its business operation has been treated as revenue nature transaction and long term investment have been treated by company has capital nature transactions. IAS-136 All the tangible and intangible assets are taken for impairment test on annual basis with view to showcase the true and fair view of assets. In addition to this, goodwill and other cash generating units will be used for impairment test. Impairment test is implemented by company whenever needs arise for the same. ASSB- 5 It is evaluated that company relies on the estimates and values shared by subsidiaries companies while reporting its consolidated financial statement. All the financial statement and consolidated financial statement reporting is done after following proper level of IFRS rules and standard. IFRS-23 (treatment of income tax payment Alt the tariff and traits paid by company is charged from the profit and loss. It is observed that company has charge all of its income tax payment as revenue expenses (Chen, Cumming, Hou, and Lee, 2016). Company has bifurcated all of its income tax payment and tariffs in two parts such as revenue expenses and capital expenditure. Current tax payment will be charged from the profit and loss accounts and deferred tax payment will charged as capital expenditure. Assesse accounting flexibility It is considered that accountants of BP Billiton Company has measured all of its assets at estimated fair value (Christensen, et al. 2015). Interest payment and other provisions will be deducted from the profit and loss accounts of company. However, changes in accounting standard will also change the recording and classification of assets in determined approach. This will not only strengthen the reporting of company but also keep all the financial statement updated as per the newly introduced rules and regulation. In addition to this, it is also observed that self- insured liabilities of the BP Billiton Company is based on the number of estimates and management such as future inflation, return investment, application of accounting standard and valuation of assets and liabilities (Ball, Li and Shivakumar, 2015). Evaluation of accounting strategies and policies There are several estimations which are adopted by the management debarment of BP Billiton Company. These estimations used by company may result to distortion or damages to the real value of organization. It is observed that if company does not use proper level of estimation in its reporting frameworks then it may result to showing false views of assets and liabilities of company. After evaluating the annual report of BP Billiton Company, it is observed that management department with the collaboration of accountants have charged all the hedge funds losses and other increased capital value from it profit and loss account which reduce the tax payment and profit of company as well. This level of accounting policies have been adopted by organization to put cap on its overall cash flow. It is further observed that inventory management and accounting policies adopted to manage the inventory may provide proper reporting frameworks. BP Billiton Company has followed both GAAP rules and standards and IFRS rules while accounting and reporting of its financial data (Sytnik, 2014). For instance, plants and machinery has been recorded in the books of account at their cost value after implementing proper level of depreciation methods as per the IFRS rules and standard. Nonetheless, GAAP rules provides that all the intangible assets should be recorded at the lowest of following market value or cost value. This level of changes and amendment in the accounting standards may result to destruction of reporting frameworks. Therefore, BP Billiton Company has adopted both accounting GAAP and IFRS accounting standards while reporting its financial and accounting information in its books of accounts. BP Billiton Company has been disclosing all of its financial and non-financial information as per the AASB 101 (Brochet, Naranjo and Yu, 2016). Changes in accounting estimates by the BP Billiton Company There are several estimations which are adopted by the management debarment of BP Billiton Company. These estimations and accounting implications used by company may result to distortion or damages to the real value of organization. Company has changed its estimation to hedge funds contracts and change in accounting estimates which will make changes in its overall profit and loss of organization. In addition to this, estimation used by company while deducting impairment loss may result to lower down the overall capital assets of company and show casing true and faire views of its business assets (Bischof, Brggemann and Daske, 2014). Suggestion for accounting policies and estimates prepared by BP Billiton Company There are several estimates and judgments used by BP Billiton Company such as following FIFO method in management of inventories, deferred tax payment, impairment of tangible and non-tangible assets (Barth, 2013). This has shown that payment of tax and charging the same from profit and loss account of company is based on the estimation made by company in its annual report. Moreover, it is observed that if company face problem in complying with accounting and reporting frameworks after adopting GAAP rules and IFRS rules and standard then IFRS rules and standard will override the compliance requirement of organization. Nonetheless, all the estimates and provisional accounts created by BP Billiton Company should be based on the actuaries method of calculation and the contingency plans prepared (Aobdia, Lin and Petacchi, 2015). After evaluating the annual report of company, and adjustment made in its annual report, it is observed that company had complied with all the IFRS rules and esti mations undertaken should be based on the reporting frameworks and stakeholders requirement for companys reporting. There are several red flags which could be encountered by BP Billiton Company if it establish harmonization in its compliance and reporting frameworks. Red flag in accounting report of BP Billiton Company There are several accounting issues and reporting problems which are faced by organizations while complying with accounting and reporting frameworks. Red flags in accounting report of BP Billiton Company could be defined as potential problems and threats faced by BP Billiton Company in the accounting and reporting of financial statement. There are several factors which could be identified by BP Billiton Company to evaluate the red flag in accounting report of BP Billiton Company (Atkins and Maroun, 2015). These red flags arise when BP Billiton Company reports its financial statement to its reporting authorities. It is observed that conflict or red flag arise when auditors of BP Billiton Company give remark on the accounting policies followed by organization. If company has followed FIFO method and has not disclosed proper level of information to its notes to accountant then it may destruct the valuation methods in determined approach. Monitor revenue and capital expenditure of company The main problem or red flag in reporting frameworks of BP Billiton Company is related to revenue and capital expenditure allocation in its profit and loss accounts. It is evaluated that accountant of BP Billiton Company has charged all of its cost of capital from its profit and loss accounts by considering revenue expenses. This level of treatment has reduced its overall tax payment and reduced its overall profit. However, as per the IFRS rules and standards, BP Billiton Company needs to make proper level of bifurcation in its all expenses. Ideally expenses which provide benefits to company for more than one years should be treated as capital expenditure. However, Income tax expenditure and deferred tax payment are the critical terms and recording of these transactions is based on their nature. Deferred tax payment should be treated as capital expenditure and annual income tax payment may be charged by BP Billiton Company as revenue expenditure. This is one major Red Flag which BP B illiton Company has been facing in its reporting frameworks. Determination of depreciation amount to identify the true value of assets It is considered that charging depreciation on the companys assets is fully depends upon the managements discretion. BP Billiton Company has charged all of its assets through straight line method which may cause problem. It is observed that when company charges depreciation through SLM method then it does not make full amount of depreciation from its assets. However, depreciation amount charged is deducted from the profit and loss of company. In order to showcase true and fair view of assets company needs to change its SML depreciation charring method to written down value method. (Jaggi, et al. 2016). Inventory valuation method It is observe that as per the IAS-3 each and every listed company needs to follow FIFO and LIFO method to manage its inventory in the business functioning. BP Billiton Company has followed FIFO method to manage its inventory. It is considered that following FIFO method will strengthen the inventory management of organization. BP Billiton Company use all the inventories and management of business in FIFO and LIFO method to maintain inventories in its reporting frameworks. With the help of LIFO method, BP Billiton Company has This FIFO method has increase its overall turnover by 30% as compared to last five years. In addition to this, this FIFO method will also change its overall profit and inventory which increase the overall cost of productions to reduce the tax implication. Adoption of FIFO and LIFO method depends upon the management discretion and inventory management techniques followed by company. Changes in net income, cash flow and related party transactions impact As per the IAS24, BP Billiton Company should not enter into related party transactions to which it has pecuniary and other materialistic relation. Nonetheless, transactions such as offering remuneration, tax payment and other losses may be charged by company by passing special resolution in the general meeting allowed payment to directors without passing special resolutions. All the transactions and events entered by BP Billiton Company with the related party transactions have been done through passing special resolution in meeting and disclosing the same details in notes to financial statement. In addition to this, company has also noted down all the contingent expenses and other payments by recording all of its assets in the notes of accounts and by adding justification in the attached appendix of annual report. It has been observed that company needs to disclose all of its assets and liabilities after applying proper IAS standards and GAAP rules in determined approach. BP Billiton Company has also followed proper level of foreign exchange management policies with a view to comply with the foreign exchange management policies and frameworks. These foreign management policies and accounting standards have been followed by company to increase the overall reporting framework in effective manner. However, main red flag arise in accounting and reporting of organizations in case of related party transactions, implementing depreciating method and following proper inventory management technique. The main impact of related party transactions could be seen by observing the net inflow and outflow of cash. It is considered that companies use related party transactions to make business transactions below the arm length price. BP Billiton Company has put cap on all the financial transactions by following related party provisions and notes of IAS standards. This assist in curbing the manipulation in profit and loss of company. These adopted IAS standards and applicable rule s has made proper level of compliance program and delivered effective reporting of financial statement in determined approach. Conclusion It is evaluated that Accounting policies are the standard and specific rules, procedure and accounting implication that needs to be followed by accountants and management department of listed companies to prepare the accounts and financial reporting of organization. Accounting policies and measures reflects the proper level of accounting frameworks and reporting standards which should be followed by BP Billiton Company for the betterment of its reporting frameworks. After evaluating the annual report of company, it is observed that company has established proper level of harmonization in IFRS standard and GAAP standards. If company finds any conflict and problem while complying with the reporting frameworks and reporting of financial statement in GAAP rules and IFRS standards then it should follow IFRS rules and regulation in its reporting frameworks. Now in the end, it could be inferred that if BP Billiton Company finds any sort of identified red flags then it should adopt strict ac counting policies to mitigate possible problems in preparing financial statement after following IFRS rules and standards in determine approach. If BP Billiton Company adopts proper level of IFRS rules and regulations in effective manner then it will mitigate all the red flags and reporting issues in determined approach. References Aobdia, D., Lin, C.J. and Petacchi, R., 2015. Capital market consequences of audit partner quality.The Accounting Review,90(6), pp.2143-2176. Atkins, J. and Maroun, W., 2015. Integrated reporting in South Africa in 2012: Perspectives from South African institutional investors.Meditari Accountancy Research,23(2), pp.197-221. Ball, R., Li, X. and Shivakumar, L., 2015. Contractibility and transparency of financial statement information prepared under IFRS: Evidence from debt contracts around IFRS adoption.Journal of Accounting Research,53(5), pp.915-963. Barth, M.E., 2013. Global comparability in financial reporting: What, why, how, and when?.China Journal of Accounting Studies,1(1), pp.2-12. Bischof, J., Brggemann, U. and Daske, H., 2014. Fair value reclassifications of financial assets during the financial crisis. Cairns, D., Massoudi, D., Taplin, R. and Tarca, A., 2011. IFRS fair value measurement and accounting policy choice in the United Kingdom and Australia.The British Accounting Review,43(1), pp.1-21. Chen, J., Cumming, D., Hou, W. and Lee, E., 2016. Does the external monitoring effect of financial analysts deter corporate fraud in China?.Journal of Business Ethics,134(4), pp.727-742. Christensen, H.B., Lee, E., Walker, M. and Zeng, C., 2015. Incentives or standards: What determines accounting quality changes around IFRS adoption?.European Accounting Review,24(1), pp.31-61. Cline, B.N., Garner, J.L. and Yore, A.S., 2014. Exploitation of the internal capital market and the avoidance of outside monitoring.Journal of Corporate Finance,25, pp.234-250. Clinton, S.B., Pinello, A.S. and Skaife, H.A., 2014. The implications of ineffective internal control and SOX 404 reporting for financial analysts.Journal of Accounting and Public Policy,33(4), pp.303-327. de Ricquebourg, D. and Jonathan, A., 2013.The usefulness of direct cash flow statements under IFRS. University of Leeds. Hussey, R. and Ong, A., 2017.Corporate Financial Reporting. Springer. Irvine, H. and Moerman, L., 2017. Gambling with the public sphere: Accountings contribution to debate on social issues.Critical Perspectives on Accounting. Jaggi, B., Allini, A., Rossi, F.M. and Caldarelli, A., 2016. Impact of accounting traditions, ownership and governance structures on financial reporting by Italian firms.Review of Pacific Basin Financial Markets and Policies,19(01), p.1650001. Kieso, D.E., Weygandt, J.J. and Warfield, T.D., 2010.Intermediate accounting: IFRS edition(Vol. 2). John Wiley Sons. Mardini, G.H., Crawford, L. and Power, D.M., 2015. Perceptions of external auditors, preparers and users of financial statements about the adoption of IFRS 8: Evidence from Jordan.Journal of Applied Accounting Research,16(1), pp.2-27. Nobes, C.W. and Stadler, C., 2015. The qualitative characteristics of financial information, and managers accounting decisions: evidence from IFRS policy changes.Accounting and Business Research,45(5), pp.572-601. Steman, J., 2016.The post adoption impact of IFRS 8 on segment disclosure quality: evidence from European and Australian listed firms(Master's thesis, University of Twente). Sytnik, O.E., 2014. Comparative analysis of the guidelines for the preparation of financial statements in accordance with IFRS and formed the Russian accounting rules. Sworld,27(2), pp.27-31.