Financial Accounting Assignment Example | Topics and Well Written Essays - 750 words

Financial Accounting - Assignment Example 25,000 should be included in the revenue for the year ended 31 March 2013. ?50,000 for the paid goods by Witney limited should be included in the revenue for the year ended 31 March 2013. The amount of the sale of laptops that should be included in the revenue for the year ended 31 March 2013 is the full price for the contract with PC4U Ltd that is ?2,720,000. According to the IAS 18, the amount of servicing should affect the period in which the servicing takes place (Accaglobal.Com, 2013). To provide the true picture of the IBI Ryan Plc Company, adjustment of the amount included in the revenue and profit of the year ended 31 March 2013. The change will reflect a change in the overall profit and revenues for the year ended on 31 March 2013. The actual cost of electrical goods, which should be included in the revenue and profit, is ?25,000. This will less the final profit and revenue for the year ended on 31 March by ?25,000. The goods involved should be included in the closing invent ory. For the sale involving IBI Ryan Plc and Witney, for the sale made on 28 March, the amount of ?50,000 should be included in the revenue and profit for the year ended on 31 March. This entry involves the amount received for the period closed on 31 March. In this way, the company will avoid creative accounting and earning management. According to IAS 18, revenue is a measure of the fair value of the consideration receivable or received. The stated revenue amounting to ?3 million should not be included in the final revenue and profit for the year ended on 31 March. In the transaction, involving PC4U Ltd and IBI Ryan Plc for the sale of laptops should be adjusted. In providing the service for to any purchasers of the laptops over the period to 31 December 2015, the company incurs a cost of ?240,000 per annum. The incurred cost for three years is ?240,000 multiplied by 3 (?240,000 * 3 = ?720,000). The normal margin on the service for the laptops will equate the cost of maintenance (? 720,000) to ?959,999.99. The calculation reads as follow. Hundred percent less 25 percent is equal to 75%. A hundred out of seventy-five of ?720,000 is equal to ?959,999.99. The company will, therefore realize revenue from the sale of laptops amounting to 1,760,000 (?2,720,000-?959,999.99) at the time of delivery and service revenue of ?959,999.99 over the three years following the supply (Unknown, 2013).). The adjustment will reduce the revenue and profit of the IBI Ryan Plc Company to the true picture of the company’s transactions for the five years. The total revenue will read less the exaggerated amount. The false amount is ?3 million for the sale of laptops, ?25,000 involving Witney Ltd, and ?960000 involving PC4U Ltd. The amounts add up to ?3985000. This will now match the analysts’ forecasts for the company. According to the analyst, the company has expected revenue of ?4000 million and operating profit of ?50 million. The finalizing financial statement for the year ended 31 March, which is false following creative accounting and earning management will change to the actual figure. The cause of the irregularity is motivated by the remuneration package of the board of directors, which includes incentive bonus linked to the price of the company’s shares. According to the ISA 18, the transactions should be done to match the revenue. This will include income inflow for the period during the normal activities of the company (raptor1.bizlab.mtsu.edu, 2013). QUESTION 2 Business exploits the loopholes in

'Prison Works' Discuss Essay Example | Topics and Well Written Essays - 2000 words

'Prison Works' Discuss - Essay Example the theory utilised in Scottish penal system and a reassessment of the principles used in criminal justice regarding gender, race, discrimination and rehabilitation of offenders. This paper will analyse if Scotland’s existing criminal justice and penology theories and application of these principles in the rehabilitation of offenders are effective in their treatment of prisoners. Prevailing views in the previous decades with regard Scotland’s prison service seem to be fortified by the current data and findings about the ‘inefficacy’ of the Scottish prison system which replete the media and the web. There is an increase in imprisonment, higher that what was posted in the previous years and overcrowding in Scotland’s prison, where many has languished for more than 6 months for minor offences, has become worse and was even described as the most overcrowded in Europe It is predicted that when legislators introduce new laws, the number of prisoners will increase by 14% (CJS 2007). Authorities on this subject contend that Scotland is turning in a punitive society where an increasing number of people are incarcerated, growing from 122 individuals out of 100,000 to 141. Some also question if Scotland has become safer as it plans put more people in jail (CJS 2007) by building more prison facilities while others contend that locking offender s up will not change anything if the criminal justice system is not improved. In addition, data and information, for many, have not improved at all as the studies still showed dismal results similar to those seen during past decades. For instance, in the 1996 data on offenders who sought psychiatric assistance, less that 0.1% of convicted offenders were afforded this service and only 0.5% of the offenders were confined in psychiatric institutions. The use of the insanity bargain is a rare occurrence in Scotland. Yet, mental unfitness is evident in many offenders and the problem lies on the absence of a universal policy which

Palestine Crisis Essay Example | Topics and Well Written Essays - 1750 words

Palestine Crisis - Essay Example Moreover, the Arabs argued that Israel without rhyme or reason had denied them access to their religious worship sites which were on the region. This included the Al-Assa Mosque and the Dome of the Rock (Brynen & El-Rifai, 2007). The notion spread abroad and some Jews living abroad developed a feeling that they were being excluded from specific parts in the society because of the presence of anti-Semitism forms in their midst. In addition, they believed that equality could not exist between them and the other European tribes since tribes which were not theirs were totally not interested in the issues that were affecting them. They, therefore, considered themselves to be second class citizens compared to other citizens coming from other European States. The hatred they felt amongst themselves drove them to form a political apparatus where they could freely stand up for their civil rights. Their intentions and ideologies in the begging were pure with secular connotations, but when reli gious Zionism was introduced, they joined as one and changed their ideology with their sole intention geared towards provoking conflict in the land. However, Zionism was strongly opposed by many for different purposes. Their objective was to acquire land for the Jews to be considered as country and they used different approaches to make this a success. Initially, the Zionist tried to figure out different ways to make the Jews leave the country for them. They knew that by constructing a building in the land of Israel, the Jews would be quickly attracted to the region and they partially succeeded in this because some Jews had started to purchase... This essay stresses that the Jewish at the time were very spiritual and they considered Israel, which is currently a nation to be a sacred place for worshipping God. They were further promoted by the biblical writings which argued that Jerusalem was a city of God. They believed that this land was promised to them by God and that the land was them as an eternal gift from God. Therefore, they did not take it lightly when strangers visited the land or possessed possession within it (Selby, 2003). Even after they came out of the country, many amongst them always longed to return to the land. The idea is still being nurtured by a sect amongst the Jewish like the religious Zionist who view the current resettlement process as part of God’s wider plan to see it become a reality. This paper makes a conclusion that the Palestine crisis has led to untold suffering amongst individuals who have kept the past to stick to their hearts. Finding a solution to the on going crisis will bring to an end the hatred that is felt by both conflicting sides and will lead to peace in the conflict torn region. The numerous peace negotiations between the two conflicting sides are symbol of hope for peace as different issues are addressed in these negotiations. In my opinion, because of the numerous challenges faced by the two sides in their attempts to find solutions, all sides should place an intense effort and should have an open and realistic mind during the negotiation process to find a peaceful solution for both Israel and Palestine.

Teledentistry Thesis Example | Topics and Well Written Essays - 500 words

Teledentistry - Thesis Example ves unique techniques such as self-directing online study, streaming media, webcast and real-time video conferencing, which are utilized to deliver dental education, either live or on demand. These techniques have changed dental and dental hygiene education in many ways, for example; the technology in teledentistry involves a two-way communication video and audio communication-making training visual and efficient. This paper has also discussed the challenges faced by teledentistry especially those that are technologically related. Relevant information was gathered through primary and secondary methods of data collection. The primary data sought was from telemedicine and teledentistry related books and scholarly journals as well as formal websites. Moreover, the information gathered from primary data is reflected in the literature review section. Secondary data was collected through random sampling, where students below the age of twelve were selected and both dental care and hygiene from direct observation and observation from a distance was carried out. The main aim of the observation was to compare the results between direct observation and observation at a distance after which a conclusion was drawn. Having compared the results, the figures and samples were comprehensively discussed and this brought the paper to further recommendation in case of a future research. Finally, conclusions were drawn from the findings and, the future of teledentistry was mentioned. The purpose of the examination procedure was done as a procedure to control infection among the ten randomly chosen children of below 12 years. The examination covered hard and soft tissue problems such as missing teeth, caries, and inflammations among others. For the observed dental illnesses, the patients would be referred to orthodontics, periodontics, endodontic and, surgery. The children were directly diagnosed, and diagnosis using electronic telediagnosis after which result were compared. However,

Strategic Analysis Essay Example | Topics and Well Written Essays - 3000 words - 3

Strategic Analysis - Essay Example Being in 62 countries, the company has employed over one hundred and eighty-two thousand people. They offer their services in their coffee shops, homes and even in offices. The flexibility has made them acquire the loyalty of many customers. They operate in the stock market and have the majority of the market shares (The New York Times, 2014, retrieved fromhttp://topics.nytimes.com/top/news/business/companies/starbucks_corporation/index.html ). They have a variety of brands that help meet the varying demands of customers. Starbucks operates in a highly competitive environment with many and strong competitors. The coffee business has no entry limitations and therefore competition grows each day. Despite the situation, Starbucks has managed to remain competitive and providing its customers with high-quality products. Starbucks operates well-maintained stores in terms of health and comfort (Michelli, 2007, p. 22). Their neatness maintains their customers and attracts new customers too. The management in each of the stores is strategic. They have ensured that all the services offered are premium. The managers have ensured that their customers feel that the products are adapted and personalized. The comfort in the coffee shops has made them become social places and hence, attracting many customers. The many people meeting in the Starbucks coffee shops have been their largest strong point in terms of expanding and increasing their economies of scale. The organization is very selective when hiring their staff. Well-trained employees who have a sense of customer service run the corporation. They train their employees on a yearly basis, hence growing to the world’s leading coffee shop in terms of restaurant service. Starbucks trains their employees not only to make coffee but also on service value of the corporation. This has improved their employees’ productivity and innovation capacity. They motivate their employees through provision of medical covers and

Critically Examine How Assessment and Learning Is Facilitated in Your Essay

Critically Examine How Assessment and Learning Is Facilitated in Your Work Community Setting - Essay Example This paper attempts to explore the role of mentorship in a clinical setting wherein learning and assessment is facilitated through a deeper understanding of the learning environment, the needs of the environment and the learner’s and the mentor’s qualifications, requirements in terms of planning the learning, tools and techniques, assessments, relationship between the mentor and mentee, lifecycle of the relationship and the challenges in the learning and development process for both the learner or mentee and the mentor. Definitions of what mentoring is all about, the learning setting, process, facilitation, assessment, outcomes, roles, etc. will help in understanding the above. What is mentoring? McKimm et al (2007) observe that defining the term ‘mentoring’ is a difficult task as it is a complex process and depends mostly on the learning environment and the interpretation of the environment’s needs by the various different individuals or groups. Quo ting Megginson and Clutterbuck (1995, p13) they note that â€Å"mentoring is ‘off line help by one person to another in making significant transitions in knowledge, work or thinking’† and that the role of a mentor is to help and guide the learner through a transition phase of the learner in a particular aspect like learning and other professional or personal circumstances. Also, mentoring is just one form of support (p1). â€Å"Mentoring is a transformational process that seeks to help individuals develop and use knowledge to improve themselves on an ongoing basis. It is a professional dialogue that encourages reflection and development, signposting mentees to other sources of help as required† (What is mentoring, 2012). General medical practice describes it as â€Å"‘a way of helping another understand more fully, and learn comprehensively from, their day to day experience† and a commissioned department of health describes it as a â€Å"proc ess whereby an experienced, highly regarded, empathic person (the mentor), guides another individual (the mentee) in the development and re-examination of their own ideas, learning, and personal and professional development† (What is mentoring, 2012). Palermo and McCall (2008, p801) note that mentoring is a form of providing experiential learning where the learning is actual and practical, and it is seen that the learning will be ineffective and unsafe if there is no mentoring offered during the course of the experiential learning. Mentoring and teaching There is a need to understand the difference between teaching and mentoring as it is essential to get the desired outcomes. McKimm and Jollie (2007) have differentiated between teaching and mentoring: while teaching is said to be a ‘teacher centred’ approach, mentoring is understood to be a ‘student centred’ approach where the learning needs of the learner are taken into consideration along with regul ar assessments of the same. Teaching itself is continually evolving to reflect on experience and critically explore the potential transformation of the learner. The basis for this evolution is the action research teaching need that recognizes that experiential learning leads to both the mentor and mentee contributing to the sustainability of the learning in the particular setting. To achieve sustainability through developing significant insights into the learning environment,

Five Common Bargains Assignment Example | Topics and Well Written Essays - 500 words

Five Common Bargains - Assignment Example Hence, I decided to buy a second hand car which would give me the opportunity to avail stylish comfort at a lower price. In this regards, I had fixed my budget at $ 15,000 which was accumulated with my savings, financial borrowing from my parents and a short-term bank loan. For the next few days I and one of my friends searched the internet, newspapers, and dealers to see where I could get a car that satisfies my aforementioned needs. Once I finished searching the internet, I found a car that I was looking for. It was from Hyundai with a quoted price of around $14,500 (Edmunds.com, 2012). After taking appointment with the dealer we went to see the car. Even though my accumulated budget was higher than the price charged I was quite concerned regarding the negotiation and testing of the quality of the product as it was an already used car. While negotiating over the price and the features of the car, I came to know that the actual selling price of the car that was quoted as $14,500 on the website, when include tax and insurance charges increased to around $ 17,000. However, as per the advice of my companion I decided to give another thought to the matter and inspect the other available dealers on the same car model. My survey results indicated that a Hyundai model was available at an average of $20,000 to $ 25,000 which was not significantly different from the quoted price for the used car. By the end of the day, I went back to the dealer for the final discussion and asked him to give a 10%-20% discount as the present market value of the same new Hyundai model was abou t $20,500 (Kelley Blue Book Co., Inc, 2012). Going through the service records of the car gave me enough information regarding the engine along with the details of how much the owner drove the car. I also took a test drive so that I can check the performance of the car. After having a test drive, my friend and I decided that we