Financial Report for Balance Plc Essay Example | Topics and Well Written Essays - 1250 words

Financial Report for Balance Plc - Essay ExampleGuidelines atomic number 18 provided on how certain items of fixed assets should be accounted for, the components of cost be considered, a review of the useful life of a machine, the interference of buildings bought for business use and buildings bought for investment purposes. Introduction The method of accounting for property plant and equipment virtuallytimes poses a problem due to uncertainties about what should be included as part of cost and what should not be included. There are different methods of accounting for changes in the life of property, plant and equipment. However, the method chosen depends on the type of asset and whether it is specific to a particular entity. Accounting for investment property also has some technicalities in terms of when the fair value model should be considered and what constitutes an investment property. Cost of acquisition and intercession in the accounts The standard which applies to prope rty, plant and equipment generally is IAS 16 Property, Plant and Equipment. This standard was last revised in 2012 and considers among other things descriptions, measurement, disclosures, valuation, and components of costs (Deloitte 2012). BPP (2009) provides a list of the items that should be included in the cost of property, plant and equipment are i. Purchase price after deducting trade discounts and rebates ii. Customs duties paid for importation of the item as hale as other purchase taxes that are not refundable iii. Direct costs that can be attributed to livery the asset to working condition for its intended use including, costs of handling and delivery in the initial stages, installation, testing, site preparation, and professional fees The standard also indicates costs that should not be included such as administration and general all overheads any losses incurred in the initial stages before the asset attains the level of be after performance and start-up costs or any other cost incurred prior to the commencement of its use to baffle goods and services (Melville 2011). It therefore means that the cost provided for Machine A should be revised as shown in add-in 1 (See Appendix1). Table 1 shows the calculation of the cost of Machine A. The service contracts to June 2015 of ?57,000 represent prepay expense for servicing the Machine A over the next three years and should be expensed over the period. Therefore, the relevant cost to be included in the accounts is ?943,000. The IFRS was amended based on discussions on matters that came to the wariness of the standard setting body the International Accounting Standards Board (IASB) between 2009 and 2011. If the spare parts conforms to the definition of property, plant and equipment given in IAS 16 then it should be included. IFRS (2012a) defines property, plant and equipment are tangible items that are held for use in the manufacture of goods and services, for rental or for own business purpose and are anticipate to be used in excess of a 12 month period. The calculation in Table 1 assumes that the spare parts meet that definition. However, if it does not then it should be expensed and the cost of Machine A would be reduced to ?937,300. Additionally, if the amount of ?5,700 is considered immaterial then it should be

The Similarities Between Hotmail and Mozilla Essay

The Similarities Between Hotmail and Mozilla - Essay ExampleAs far as the similarities between Hotmail and Mozilla Thunderbird are concerned, they are quite few in weigh as Hotmail leads Mozilla in the market for an netmail client. First, both Hotmail and Mozilla Thunderbird are supported by 36 languages. These are twain of the very few email clients that are offered in so many languages. Also, both Hotmail and Mozilla Thunderbird have themes which consider users the power to control the appearance of the respective accounts. Furthermore, both are supported on multiple direct systems and both support POP3 and IMAP4 protocol. When we contrast Hotmail and Mozilla Thunderbird, we find out that the number of Hotmail users is too many when compared to Mozilla Thunderbird. Part of the moderateness for this is the earlier launch of Hotmail. Furthermore, Hotmail has more features than Mozilla Thunderbird. Examples could include integration with different programs such as MSN Messenger. This is a assistance whereby users can see which of their friends are online while logged in to their Hotmail accounts. Furthermore, Hotmail also has an auditory sensation player to play audio files and it also includes a spell checker. One of the most exciting features about Thunderbird is the fact that it allows users to view email messages from other email clients such as Hotmail, Yahoo, and Gmail etc. POP stands for Post Office Protocol. The addition of the number 3 indicates the third version, which is also the latest. POP3 is a standard internet protocol that helps to retrieve an email message. On the other hand, IMAP stands for Internet Message Access Protocol. The number 4 in front of the symbol IMAP indicates the fourthly version.

Effects of Cocaine Abuse, its Prevention and Treatment Research Paper

Effects of cocain Abuse, its Prevention and Treatment - question Paper ExampleA recent survey of 17 countries revealed that United States has the highest level of illegal cocain use with nearly 16.2% of people in the United States having used cocaine in their lifetime (Science Daily, 2008). cocaine is available in two chemical forms hydrochloride salt which is taken intravenously (by vein) or intra-nasally (through the nose) and freebase which is smoked (Psychology Today, 2008). Issues connect to Cocaine Abuse Cocaine addicts are usually introduced to the drug after they bind abused portal substances like alcohol, tobacco and marijuana. According to the national center on addiction and substance abuse (1994), 90 % of the people who tried cocaine had used all three gateway substances before moving on to cocaine. Impact on physical functioning Cocaine use fucking lead to some conterminous physical consequences such as restlessness, euphoria and alertness (WebMD, 2008). These effects are felt within transactions of taking the drug and continue for about 20 to 120 minutes. Other physical effects hold insomnia, vomiting, pupil dilation, nosebleeds, increased temperature and pulse rate and rapid breathing (WebMD, 2008). These effects are temporary and loosely disappear after a couple of hours. Studies reveal that prolonged use of cocaine rouse have an overwhelming effect on the pleasure centers in the brain (Chen, et. al., 1996). The drug interferes, alters, damages and takes control of specialize cells that regulate pleasure, well-being and mood. Therefore, regular use can destroy the brains ability to aroma normal without cocaine. Long term use can even cause permanent biological drug addiction. Since cocaine increases blood pleasure, heart rate, breathing and body temperature, long term use of the drug can cause cardiac and respiratory failures, strokes, coma, convulsions and death. The drug can damage the livers ability to withdraw blood and can reduce the production of critical enzymes needed for normal body functioning (WebMD, 2008). It can also cause liver cirrhosis or liver cancer. Cocaine use results in the parsimoniousness of the blood vessels of the heart resulting in increased blood pressure. This can trigger heart attack, heart failure, indorsement heart beat and sudden death. Use of non-sterile needles among cocaine users can result in contracting Hepatitis a highly contagious disease resulting in serious liver damage and AIDS. Users may also unravel these diseases to their versed partners, unborn babies and others. Regular users of cocaine experience loss of interest in sex, decreased sexual performance and risk of impotence and infertility (WebMD, 2008). In women, the drug use can result in miscarriages, developmental disorders and complications during birth. It can also cause premature separation of placenta from uterus leading to premature births or stillbirths. Smoking cocaine damages the ability of the cells in the lung to process gases. This results in the user experiencing constant cough out and shortness of breath. Regular use can result in respiratory failure because the brain sugar sending signals to the lung muscles that control breathing and they stop working (WebMD, 2008). Impact on psychological functioning Cocaine has been found to be

SWOT Analysis of Coca Cola and Pepsi Term Paper

SWOT compendium of coca Cola and Pepsi - Term Paper ExampleThis paper seeks to comp are and contrast the elements of business altered by the twain soft drinks giants, including PEST and SWOT analyses (Elsbach, 2006). Additionally, the paper analyzes the business culture, performance, and former(a) organizational elements of the two giant organizations. Coca Cola and Pepsi share a similar history an insignificant business from a simple idea that grows to a multi-billion dollar company after a century. Currently, Coca Cola gross revenue in more than 160 countries to over 6 billion people speaking more than eighty several(predicate) languages. Similarly, Pepsi is a recognised brand in the whole world, operating in numerous countries and actively competing with Coca Cola for trade share. both(prenominal) organization use mass-marketing strategies, focusing on the entire market rather than particular segments. Moreover, both companies offer similar product line to the same industry , thus propagating wealthy competition. Both companies are very innovative as far as product packaging is concerned. Coca Cola introduced the airtight bottle concept, a major revolution of in the packaging and bottling industry. Similarly, Pepsi followed suit and introduced different sizes of returnable bottles (Fernando, 2006). The concept of non-returnable bottles, frosted bottles, and cans is attributable to both the giants. SWOT Analysis of Coca Cola and Pepsi Strengths Both Pepsi and Coke hasten long history of the world culture for quite some time. The products from the two companies appoint over-romanticism and fun, an image that majority of people take deeply at heart. In addition, the brands are well recognized throughout the world, a major strong point. This enables them to operate on the global market while maintaining a local approach. Independent business people with authority to sell and distribute Coke and Pepsi products operate and profess majority of the local b ottling companies. Indeed, Pepsi and Coke have among the largest distribution networks in the world, which is among the strengths of the two companies (Fernando, 2006). Weaknesses Similar to any other businesses, Coke and Pepsi have their own weaknesses. For instance, the cola drinks from the two companies have experienced a significant vividness and subsequent decline in the past few years. This is attributable to the increasing awareness on the circumscribe of the drinks. Nowadays, consumers are more attracted to healthy drinks than carbonated soft drinks, as addiction to cola drinks has an adverse tack on the human body (Czinkota, Ronkainen, and Moffett, 2009). Opportunities One of the factors affecting the competitive positions of Pepsi and Coke is brand recognition. About 94% of the world populations are aware of the two brands. Despite the saturation in North America, the two brands have enormous potential to expand and operate in non-North American market. For instance, pe r head consumption of Coke in India is only six bottles per head compared to 700 bottles in the United States. Therefore, the two companies have potential for expansion (Oppong, 2011). Threats creation the industry leaders, the two companies face significant threats from emerging companies in the industry. Moreover, the companies are facing serious threats of substitute. Consumers are more attracted to healthier drinks, including coffee, tea, milk, hot chocolate, and milk. Nonetheless, the two giants control over 40% of the

Answer 3 required and 3 of the optional questions from the uploaded Research Paper

Answer 3 exactd and 3 of the optional questions from the uploaded data - seek Paper ExampleThese monetary statements argon to be prepared using a predefined set of standards and guidelines, wide known as the Generally Accepted Accounting Principles (GAAP) (Types of Accounting, 2013). Managerial accountancy is an bill process that reportedly produces reading for the sole us of management of the organization. The form and the details to be included in the reportorial information would depend on the intricate and extensive requirements and purpose of management. It was actually give away that the information could be more detailed, as compared to financial accounting statements which were identified to be prepared exclusively for external uses. Thus, management could require budgets, forecasts, and financial highlights that would be utilise to make decisions regarding strategies and plans that would achieve identified goals. Cost accounting was noted to be a branch of manager ial that focuses on monitoring and controlling costs. Tax accounting, on the other hand, as the term implies, focuses on accounting facets which are tax-related and are reportedly governed by tax rules and regulations, as hale as observance to the GAAP. Governmental accounting, or also known as public accounting (or plain fund accounting) was noted to be a type of accounting process and information system that is used by government agencies or public organizations. The main disparity of this type of accounting with private organizations accounting system is that their funds are governed by budgets set by the federal government. Likewise, the disbursement of funds are to be allocated subject to the aims or goals of the government agency. Internal auditing accounting focuses on an ongoing appraisal of the financial condition of the organization subject to conformity to accounting standards and accounting laws. Finally, international accounting is the type of accounting process or in formation system governed by international accounting standards, as contrasted with GAAP. 2. Describe the purposes of financial statements and corporate annual reports. The purposes of financial statements and corporate annual reports include the provision of hi-fi financial information to various users to serve various needs (Purpose of Financial Statements, 2013). For instance, financials statements are mandated to be published to the public to go past them a general overview of the organization and provide information regarding the potential effects of the organization to the local friendship or to the economy, as a whole. Likewise, financial statements and annual reports are needed by management for decision-making purposes. The companies shareholders, on the other hand, use these financial information to determine returns on their investments and any potential risks from currently disclosed external or internal factors that impinge on the organizations operations. Concurrent ly, the investors of the organization need to be given accurate information on the financial condition and status through financial statements and corporate annual reports that throw profits, returns on investment, risks, and market value, as needed. In addition to these various users, financial statements are needed by other financial institutions, such as banks or lending institutions when organizations apply for loans or financial attention in various endeavors. Suppliers also need the information disclosed in financial stateme

Dq -5-Terence Essay Example | Topics and Well Written Essays - 1500 words

Dq -5-Terence - Essay ExampleThe discussion below elaborates and helps in understanding various aspects of research.Research questions that send for a problem are concerned with quantitative research. In this case, the questions give an exact description of a phenomenon. Since it has to answer a question, control is exercised in order to eliminate any form of bias that may arise during the research. In most cases, the information under this kind of research relies on cross-functional approaches and the data reduced to numerical codes for easy analysis. On the contrary, questions that might be used in an interview heavily depose on qualitative research. This indicates that the information under such a research does not require distinguishable numerical data but only seeks for explanations about a phenomenon. However, since researchers determine what is asked, there is a likeliness of biasness because they decide how to fit the questions in a situation. These questions employ verb al, and in other cases, use pictorial descriptions for good understanding and analysis.According to Palinkas et al. (2013), both qualitative and quantitative research methods have a trace of bias. It is extremely touchy to eliminate bias in research. Using the methods concurrently helps researchers to cub bias since both methods plunder be used in checking each other. They actually complement each other. By In hurt of data preparation, both methods, in a unique way require the use of verbal descriptions. They are a great pillar in understanding in research. Researchers are increasingly finding it difficult using the methods independently because they are intertwined together and just separated by a thin line. An stiff combination provides quality research findings that address the problem and offer solutions in a logical and congenial manner.Questions that address a problem are objective in nature because they have

European Business Environment Essay Example | Topics and Well Written Essays - 3500 words

European Business Environment - Essay ExampleThe UK became a member of the EC (now the EU) in 1973.) (McKean, 2005).The European Union (EU) refers to the 25 nations that have joined together to form an economic corporation (EC), with some monetary, political, and social aspirations. ( justice, 2006). The European Union was created in 1993 from the EC, which itself emerged from the European Coal and Steel Community, the European nuclear Energy Community, and the European Economic Community (EEC). ( impartiality, 2006).The 12 nations of the EC (Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, and the UK) were joined by Austria, Sweden, and Finland in 1995 and by (Greek) Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia in May 2004. The Executive Body of the European Union is the European Commission, which was form in 1967 with the Council of the European Communities. (Law, 2006 ). EU policy emerges from a dialogue between the Commission, which initiates and implements the policy, and the Council, which takes the major policy decisions. The European Parliament, formed in 1957, exercises democratic control over policy, and the European Court of Justice imposes the rule of law on the EU, as set out in its various treaties. Although a draft EU Constitution, proposing the creation of an EU president and foreign minister, was published in 2004, its future is now uncertain following rejection by the electorates of France and the Netherlands. (Law, 2006).The joined Kingdom became a member of the EU on 1st January 1973. (http//www.eurofaq.freeuk.com/130). According to section 2 of the change ordinance, the European Communities Act, 1972, established the principle of the European Law would always prevail over British Law in the event of a clash, thereby overthrowing the supremacy of the British Parliament. (http//www.eurofaq.freeuk.com/130).The issue as to whether The UK continues to be nonentity but a hindrance to the process of European Integration, to the disadvantage of business throughout Europe is a controversial one. On the one hand it might be argued that the UKs continuous refusal to join the EMUs single gold the euro makes it difficult for the EU as a whole to eliminate foreign exchange risk in European firms given that the pound continues to fluctuate against the euro and other European currencies such as the Swedish Krona, the Norse Krona and the Danish Krona. On the other hand one give the axe also argue that the UKs sparing is signifi quite a littletly ahead of many economies in the euro zone, and therefore becoming a member of the EMU can have devastating effects on the UKs economy. In the final analysis, this paper will argue against the higher up claim that the UK is a hindrance to the progress of European Integration and to the disadvantages of business throughout Europe. The following points can be advanced to refute these claims.The European Union established a single market, which refers to the concept of a single integrated market that underlies trading in the European Union, as codified in the wizard European Act (1986), which was introduced in 1987 with a target date of 31 December 1992 for completion. (Law, 2006). According to Law (2006), The Single Market came into force on 1 January 1993 with between 90% and 95% of the necessary legislation enacted by all member countries. In practice, however, some of its terms