The Myths and Misconceptions of Marijuana Use Essay Example

The Myths and Misconceptions of Marijuana Use Essay Example The Myths and Misconceptions of Marijuana Use Essay The Myths and Misconceptions of Marijuana Use Essay They accused the outrages occurring in their social orders on the plant while pointing their allegations toward ethnic minorities to make one-sided feelings with their supporter. Developing examinations have started to catch the eye of the general population with their stunning outcomes. The old attitudes of the past age are ceasing to exist, with individuals presently settling on educated choices instead of accepting what theyre told. With the plenitude of getting mindful of the confusions of pot use. Cannabis is a kind of plant that is developed for its different sorts of common assets, otherwise called mechanical hemp, but at the same time is reared for its psychoactive impacts on the body which have restorative and recreational purposes. There are many realized synthetic concoctions found inside the plant, for example, inhuman corrosive, which has comparable properties to penicillin. Most prominent is the essential dynamic fixing Delta-9 Dehydrogenations or just ETC, which is the thing that gives clients their high. The United States of America right now thinks about cannabis as an illicit substance, with just 18 states having made it legitimate for individual utilization and development. A typical misconception is that hemp and cannabis are the equivalent. In spite of the fact that they are the two results of the cannabis plants, the differentiation originates from the techniques used to develop themwhich yield various outcomes. Hemp is developed in lines (fundamentally the same as corn harvests), and bears the likeness of flimsy bamboo sticks with wood-like centers. There are as of now more than 25,000 items that utilization hemp as an asset. Cannabis, or all the more usually alluded to as maryjane (Mexican Spanish subsidiary), is developed with a lot of room permitting the plant to grow its width as opposed to its tallness. One fundamental distinction between the two varieties is that hemp is commonly extreme outside and contains close to 1% ETC, while cannabis is developed for the most part inside with counterfeit lighting to fortify the level of ETC power generally containing 10-20%. The psychoactive impacts of inciting cannabis fluctuate for every person; in any case, most clients experience an euphoric perspective that changes their view of the real world, and increasing their tangible frameworks (e. G. Vision, contact, taste). The physical reactions incorporate gleaming or red eyes, expanded pulse, a dry mouth (usually alluded to as cotton mouth), and a loosening up sensation to the body muscles. Generally, cannabis is ground up and folded into a pot cigaretteor is overcome with the utilization of a funnel. Late investigations have demonstrated that the most secure techniques to ingesting pot is if its eaten by fusing ETC in dinner arrangements, or by disintegrating it. A vaporizer is an electronic contraption that warms the weedopposed to combustionto remove the ETC, as an unavoidable fume. Generally, the impacts of pot are static and once in a while change. A portion of the less alluring impacts cause momentary weaknesses, for example, issue with memory, capacity o get the hang of, having sketchy Judgment, inability to viably utilize engine capacities, and a combination of mental hindrances (e. . Tension, unreasonable frenzy, and suspicion). Despite the fact that these are normal manifestations among the general clients of maryjane, the negative reactions shift between every person. There is no dependable data right now that joins maryjane and the negative symptoms recorded above as a natural nearness with every measurement. Cannabis utilized for clinical purposes, or restorative pot, has been read intently for its capacities to fix certain crippling indications. It was first perceived for its mystical properties to fix infirmities. The principal recorded utilization of maryjane as a restorative medication happened in 2737 B. C. By Chinese sovereign Sheen Nuns. The head reported the medications viability in rewarding the agonies of stiffness and gout (2010, Random Facts, Para. 16). With ebb and flow advances and exploration improvement, restorative weed individuals determined to have UN-treatable infections, cannabis has been put under the magnifying lens for augmenting its likely properties. Specialists at present endorse it to chemotherapy patients who experience sickness and heaving, individuals with psychotic and ceaseless agonies (e. . Lower back torments, joint pain, various sclerosis), people with lost hunger due to ailments, and for the individuals who experience the ill effects of rest related scatters, for example, a sleeping disorder. Its no mystery that maryjane has increased a negative picture with the general population. It has been depicted as a substance that transforms individuals into languid stoner who have no ability to read a compass or objectives. In any case, the equivalent can be said about liquor. Sure there are some useful heavy drinkers that keep up an adequate degree of execution in their own and expert lives, however have a reliance on devouring over the top measures of liquor day by day. The sum that they initiate could weaken a normal individual who drinks on occasionor even reason liquor harming. The equivalent can be said about pot clients and their capacities to keep up typical ways of life. While breaking down the explanations behind people groups choices to drink liquor or smoke maryjane recreational, they will in general have a similar reaction. For example, its still uncommon to see it appeared on televisionbut it has advanced onto the big screen. Alongside liquor, the two party-enhancers are usually found in motion pictures focused on the transitioning adolescents and trial youthful grown-ups. On the off chance that nee could have or be a piece of a wild crazy gathering that rewards you with two-piece clad young ladies and epic re-tell esteem embellishments of humorous proportionand everything necessary is a touch of liquor or weed? Odds are, they had their brains made up before the reviews even began. Friend pressurecoupled with the celebrated picture of these substances in mainstream society amusement have gotten the formula for naive adolescents searching out better approaches to pick up acknowledgment from their companions. Unfortunately, the craving of todays youth and youthful grown-ups to comply with the normal practices set by well known news sources has never been more unmistakable than it is currently. For people that battle with bashfulness, are reluctant, and have individual inhibitionsconsuming bountiful measures of liquor to arrive at a state of intoxication is a street they would prefer to take than be annoyed and threatened for their interests. The equivalent can be said about smoking weed, as it tends to make an individual increasingly chatty and show up progressively lively. Last, there are people who have unpleasant days as a result of demanding action (regardless of whether it be physical or mental) and basically appreciate enjoying a beverage or two. Pot reflects this propensity, as clients will wish to relax. Be that as it may, his is likewise where the substance misuse is found. Individuals with day by day strugglessuch as uneasiness, low confidence, relationship issues, budgetary difficulties, and so on regularly go to substances to assist them with foregetting their concerns and break reality. Despite the fact that liquor and cannabis share comparative characteristics, there are additionally some unmistakable differentiations between the two. Cannabis is known to initiate a quiet, loosening up understanding while liquor has been focused for effectively fomenting the personality of a boozeroften upholding brutality as an answer. While there are numerous positive advantages for the utilization and creation of cannabis, it elements to confront negative marks of shame and generalizations with the overall population. For example, many see pot as a portal drugbut a people defenselessness to has been recognized for its flexibility as an asset, it stays banned on account of the worry that the development of hemp will without a doubt lead to the sanctioning of weed. A vast larger part of the concerned open are guardians who stress over the impression and impact pot will have on their kids. Maybes its increasingly essential to evaluate the historical backdrop of how we managed the disallowance of liquor in the sassand how freely its saw by todays principles.

Effective Human Resources Leadership for Nursing Home and Assisted Living Facilities Essay Example for Free

Powerful Human Resources Leadership for Nursing Home and Assisted Living Facilities Essay The executives Style for Assisted Living and Nursing Home Facilities Human Resource Management in Healthcare Organizations The sort of association I decided to examine is an autonomous the helped living office and nursing home. The two of them give a portion of similar capacities, in spite of the fact that the name of the office might be somewhat extraordinary. While these are independent kinds of associations now, later on, they will mix because of the way that the more drawn out the demographic is a â€Å"resident† of the Assisted Living Facility (ALF), the almost certain they will be needing full-time nursing care. (NursingCenter). I picked this specific kind of association since it is one that I am keen on because of the way that such a huge bit of our populace will be served by these associations sooner rather than later and for quite a while to come dependent on our maturing populace measurements. Forty-two percent of the populace that lives until the age of seventy will invest energy in a nursing home before they kick the bucket. (Knickman). Inhabitants, or patients, in those offices will get administrations from an assortment of suppliers like physical and word related specialists, drug the board for mental and physical sicknesses and maybe social help bolster benefits as they advance toward the nursing home in lieu of help from relatives when they have none to call for help. Since nature is clinical and administration arranged over longer timeframes, it is critical to look at what kind(s) of the executives style is fruitful so as to deal with the escalated day by day clinical necessities and the progressing connections that create among the staff and occupants. One report on the investigation of authority styles appropriate for nursing homes and helped living offices announced that an accord initiative style had a solid relationship with nature of care. (Palace). Models show that accord administration style is likewise the best methodology in restricting staff turnover, which is fundamental in how the occupants rate their fulfillment of administration. (Donoghue). Agreement the board style isn't a greater part vote. After administration hasâ reached a choice, accord approach tries to decide whether all the colleagues think that its satisfactory and on the off chance that they are on the side of the choice. In this administration style we would ask what could be changed so as to get staff support. All individuals from the gathering should feel that their thoughts and perspectives were heard and that they heard the others in the gathering also. The thought is that the group will bolster the administration since choices were shown up at reasonably. (Mayoclinic). To satisfy all the needs of contamination control, government guidelines, administration to the inhabitants, clinicians, families and characteristic dangers related with the geriatric populace, the board must in addition to the fact that task be arranged, individuals focused. The board must grow clear and successful vital plans, however with a humanistic methodology of accord so all the colleagues that serve the customer base are cheerful and powerful. It is really a domain where the board must encourage representative relations which will diminish hazard, and improve quiet fulfillment which ought to thusly likewise decrease advertising needs as each purpose of contact that the staff has with a relative is additionally a surrounding deals opportunity. So as to meet the patient needs in such an appeal domain where a greater part of the time the patient/client is in contact with a lower taught, less clinical staff, for example, a confirmed medical caretaker associate creation a low compensation, that staff must have a voice to comprehend that they have an enormous effect on the association. At the point when they feel significant, the association will run substantially more easily. My first occupation and client preparing out of secondary school was working the front work area of a four star inn. We were the most minimal paid on the command hierarchy, however the board and HR through impetus projects and grants perceived our accomplishments and requested our contribution of thoughts consistently. WORKS CITED Mansion, N., Decker, F. (2011), Top Management Leadership Style and Quality of Care in Nursing Homes. doi: 10.1093/geront/gnr064. Epub 2011 Jun 30. Donoghue C, Castle NG, (2009), Leadership Styles of Nursing Home Administrators and Their Association with Staff Turnover, doi: 10.1093/geront/gnp021. Epub 2009 Mar 27. Knickman JR, Snell EK, (2002), The 2030 issue: Caring for Aging Baby Boomers. Recovered from http://www.ncbi.nlm.nih.gov/pubmed/12236388 Kreofsky, B., Vrtiska T., Rego S., Lewis T., Chihak A., Spurrier B., Larusso N., Farrugia G. (2011), Using Innovative Idea Management Tools in a Large Health Care Organization: Lessons Learned. Recovered from http://www.mayo.edu/mayo-edu-docs/community for-development records/wp-cfi-lessons.pdf Nursing Center. Nursingcenter.com. N.p. n.d. Web. 1 Sept 2013. Olson, Dana. (2007). Successful authority in long haul care: the need and the chance. Recovered from http://www.achca.org/content/pdf/ACHCA_Leadership_Need_and_Opportunity_Paper_Dana-Olson.pdf

How To Be an Anti-Racist Reader

How To Be an Anti-Racist Reader We talk a lot about reading diversely around Book Riotâ€"because its awesome and importantâ€"but there are lots of other ways you can weave racial justice into your reading life. From using books to help you navigate hard conversations about race to providing the kids in your life with diverse books, here are ten suggestions on how to be an anti-racist reader. 1. Read diversely Reading diversely (which can mean a lot of different things) is probably the best first step you can take on your journey toward being an anti-racist reader. Book Riot has an awesome and informative five-part series on reading diversely, so I wont delve here into all the reasons that reading diverse books by diverse authors is a) important, b) mind-heart-and-brain -opening, and c) super fun. If youre not already reading diversely, I guarantee that doing so will deepen and enrich your reading life. 2. Buy books by currently working authors of color I am an avid library user, and I have a limited book-buying budget, so Ive always given careful thought to what books I actually throw down money for.  In my quest to enact anti-racism in my reading life, Ive started paying attention to racial diversity not only in the books I read, but in the books I buy. Thousands of authors of color are out there writing brilliant books and telling incredible stories; buying their work is the most direct and straightforward way to celebrate it. 3. Support POC-owned bookstores businesses Buying books by authors of color isnt the only way to use your money to support diverse voices in the book business and publishing industry. Publishing in the US is overwhelmingly white. Its a systemic problem that will take more than a shift in personal book-buying habits to changeâ€"but shifting your book-buying habits is a great place to start. Do a little research to see if theres a POC-owned bookstore in your community. An article published in 2014 by the African American Literature Book Club reported only 54 black-owned bookstores remaining in the country.  You can use this excellent list to search for black-owned bookstores by state. Small publishers are another great source for diverse books, as they often publish books that dont get mainstream attention.  The Cooperative Childrens Book Center has a fantastic list of small presses that publish diverse books, most (but not all) of which are owned by people of color. You can also check out this list of five rad black-owned publishers I put together. Bookstores and publishing houses arent the only way to buy books. Book Riot did a great roundup of book subscriptions featuring diverse authors. I subscribed to My Lit Box this winter and I absolutely love it. Its a POC-owned business, and every month I get a fantastic book by an author of color in my mailbox. Ive also sampled boxes from Noir Reads and Call Number, two other POC-owned book subscription boxes, and if I had an unlimited budget, Id happily subscribe to all three. Call Number offers a fiction and nonfiction box, and Noir Reads packs two books into each $35 box. 4. Fund books and comics on Kickstarter written and produced by people of color Crowd-soured funding platforms are a fantastic way to find out about awesome books and comics that mainstream publishing may be ignoringâ€"not because they arent incredible stories, but because the publishing industry is skewed toward white.  Some of my favorite comics are self-publishedâ€"many of them webcomics that used crowd-sourced funding to print digital and/or paper books. A search through Kickstarter will likely reveal a whole bunch of great publishing projects. Not only are there books and comics written by people of color to fund, but some great reading-related projects as well. To give you a sense of the awesomeness that is out there, here are some recent projects Ive backed, all either produced by people of color or featuring writers/illustrators of color: Bingo Love (a black queer romance comic novella), Dates 2, (a comic anthology of queer historical fiction), Were Still Here (an all-trans comics anthology), The Well-Read Black Girl Writers Conference Festival (a festival that will address the dire  need to create empowering communal spaces for Black women in literature), and  Cut From the Same Cloth (a collection of essays written by British hijabis). 5. Use books as a jumping-off points for conversations about racial justice Sometimes its hard to get through to the people were closest to, especially our friends and family. Emotion can cloud our ability to have honest, open, and nonjudgmental conversations. Its often easier to get defensive, frustrated, or hurt by people we know  well. A fellow Rioter recently recounted a story about his ongoing conversations with his father about systemic racism and white supremacy. As someone who saw the injustice in police brutality and wasnt an actual Nazi, his father had continually refused to understand how he could be racist or uphold racist systems. Frustrated at his inability to get through to his dad, my fellow Rioter decided to send him a copy of The New Jim Crow by Michelle Alexander. A few days later, he got an email from his dad thanking him for the book. In the email, he admitted his own ignorance and said that the book had helped  him fill in many holes in his own understanding of white supremacy and systemic racial oppression. This story gives me so much hope. Books have real power, and they can help moderate converations about race with your loved ones. Sometimes all you need is a little help from a voice that isnt your own. 6. Start or join a social justice book club Books are powerful, and reading can change your worldview in deep and profound ways. But if you never talk about what youre reading, or ask big questions, or explore any of it with other humans, it can be easy to let all that learning just fade away. Reading is the first step. Action is the second step. Action can be as small as having a conversation with a friendâ€"a conversation can go a long way. Talking to other people about what youre reading can be as enlightening, comforting, challenging, rewarding, and important as reading itself. Book Riot has got some great info about how to start book clubsâ€"advice you can apply to a book club with a social justice theme.  You can start an online book club focusing on social justice, or you can start a mini two-person book clubâ€"just pick a friend and a book and youre good to go! Bustle has some great advice on starting a feminist book club. Its also possible there are existing book clubs focusing on racial justice in your area that you can join. A quick google search for racial justice book clubs yielded several groups meeting across the country. 7. Dont be an apologist for racist classics;  dont be  afraid  to openly discuss the problematic parts of books you love Im willing to bet that at least some of your childhood favorites are racist. I adore Laura Ingalls Wilders Little House  series. But when I reread the books as an adult, I was appalled by their rampant racism. I cant make myself not love these books, or erase the sense of magic I felt when my parents read them to me as kid. But I dont defend them. I dont make excuses for Wilders racism or recommend them to the kids in my life. I let them go. There are thousands of incredible books out there that arent racist. Theres no need to defend books that uphold and perpetrate violent racist rhetoric. One rioter recently wrote about rereading Harry Potter as an adult, and recognizing some of the problematic ways J.K. Rowling failed to address race and perpetuated stereotypes. Sometimes writers get a bunch of things right and a couple things wrong. It doesnt always mean you need to throw the book out the window. But neither should you ignore the problems. Like refusing to see color or pretending we live in a post-racial world, refusing to talk about issues of race in literature is dangerous. Its important to talk about the problems in Harry Potterâ€"or any other literature that you cant stop loving despite its shortcomings. Talking about things out in the open is an important part of creating change. Sometimes tough love works. 8. Shower the kids in your life with diverse books You dont have to be a parent to be an anti-racist role model for the children in your life. I have a seven year old nephew who is obsessed with reading. Ive made it my mission to give him books by authors of color, full of diverse protagonists. Its really fun for me and its a great way to start conversations about race with kids. We Need Diverse Books has lots of great resources for finding diverse books for kids of all ages. Book Riot has you covered, too: diverse, spooky read for kids, picture books featuring children of color, middle grade books featuring kids of color, middle grade fantasy with black girl leads, middle grade #ownvoices books, and intersectional feminism in YA fiction (just to get you started). 9. Follow authors of color on social media Friends, I dont do Twitter. But pretty much everyone else in the universe does. If I did, Id quickly fill up my feed with some of my favorite authors of color. Writers are usually smart and awesome people, and they generally have interesting and relevant stuff to say. Looking for some resources to help you set up your perfect social media feed?  This list isnt all authors of color, but itll get you started. Here are some diverse bookish Instagram accounts to follow. Heres a list of black authors of follow on Twitter, and heres a list of fifteen smart women of color on Twitter (many of whom are writers). 10. Use books to educate yourself about racismâ€"dont ask people of color to explain it to you If youre a white person, and especially if youve just started to educate yourself about white supremacy and systemic racism, you might be feeling overwhelmed. The US has a long and ugly history with racism. Understanding that history is a crucial part of dismantling systems of oppression that exist today. But it can be scary and uncomfortable. Youre  not sure where to start. It might be tempting to turn to your black friend and ask them to explain it all to you. Doing so is problematic for so many reasons. Its  asking someone to do a huge amount of emotional labor, unprompted. Its centering your own needs and experiences over those of the person youre talking to. Kali Halloway discusses it eloquently in this article on Salon. Luckily, books are here to help! On Book Riot: 100 Must-Read Books About the Law and Social Justice The Effects of Racism: A Reading List 3 Short Reads on Race and Activism Elsewhere on the internet: These 16 Books Explain White Supremacy   16 Books About Race That Every White Person Should Read 18 Books Every White Ally Should Read 17 Books on Race That Every White Person Needs to Read This is only the tip of the iceberg. There are literally thousands of books, articles, blogs, and organizations out there to help you understand racism in the US. Go forth and educate yourself!

Budgeting, Planning, And Planning - 770 Words

Budgeting is planning, making financial arrangements to spend money now and in the future. In a business, budgeting involves a more detail process. Therefore a measurable plan is created and is used as a tool for making future day-to-day decisions that will be beneficial for the organization. It helps the organization to determine whether not they will be able to accomplish their goals. Having a budget helps an organization to prioritize their spending and focus on the most important things. It also assists organization from experiencing growth stall. Budget Forecasting and Planning aids an organization in tracking their monthly finances and also with their long term plans. (Shastri Stout, (2008) stated â€Å"Budget can be part of the strategic management process of an organization.† (p.20) I work with an organization where budgeting is an integral part of what we do, and I’m sure that the case with others as well. I’ve held a few accounting positions in my time but my experience in budgeting is somewhat limited, in that it was basically focus on one main area. In one of my past work experience, I was responsible for the entire department’s within the school purchasing of supplies budget. I am still responsible for that portion in my current organization. I had to keep track of spending and my responsibility was to make sure that none of the department went in the red (a term that we use at organization) when it comes to ordering of supplies. In order for me to keep track andShow MoreRelatedProfit Planning and Budgeting5697 Words   |  23 PagesCHAPTER 9 PROFIT PLANNING AND BUDGETING Questions, Exercises, Problems, and Cases: Answers and Solutions 9.1 See text or glossary at the end of the book. 9.2 A cost center is a responsibility center in which management is responsible only for costs. In a profit center, management is responsible for both costs and revenues. 9.3 An investment center is a responsibility center in which management is responsible for managing costs, revenues, and assets. A profit center is not responsibleRead MoreBudgeting, Planning, And Controlling Management1404 Words   |  6 PagesA budget is a detailed plan that states how resources will be acquired and used. The budget records the events that occurs before they occur. Budgeting and accounting both involve planning, allotting and distributing financial resources. Budgeting involves more planning and preparing a financial blueprint, but, these planning depend on the accounting of past and current year expenses and profits. The accounting system focuses on documenting and interpreting each financial transaction. After the budgetRead MoreStrategic Planning, Budgeting And Forecasting847 Words   |  4 PagesDriver for operational and financial efficiency who establishes core metrics that optimize team performance and maximize ROI across organizational functions. ________________________________________ CORE COMPETENCIES ï‚ § Strategic Planning, Budgeting Forecasting ï‚ § Financial Planning and Analysis ï‚ § PL Ownership Management ï‚ § Trade Promotion ROI Optimization ï‚ § Merger Acquisition Integration Experience ï‚ § Revenue Management and Pricing Analysis ï‚ § Talent Selection, Development and Retention ï‚ § PersonalRead MoreBudgeting And Overall Financial Planning931 Words   |  4 PagesRunning a business requires detailed planning and a host of tools to help hold your processes accountable while measuring their efficiency. There are many different specific tools to accomplish many of the particular tasks involved in such processes, but budgeting and overall financial planning tend to be those used the most frequently and with high success. They can be found in all areas of business and simply need data to fuel their productivity. Budgeting itself can be loosely defined as howRead MorePlanning And Budgeting For An Incident Response Essay1272 Words   |  6 PagesPlanning and Budgeting for an Incident Response Many cybersecurity professionals believe that there are only three types of organizations: those that know that they have been breached, those that have yet to be breached and those that do not know that they have already been breached. Hackers have become increasingly successful in their efforts, and they are targeting large and small organizations across virtually every sector. The consensus of security professionals is that it is only a matter ofRead MoreManagement Control Systems, Planning And Budgeting1690 Words   |  7 PagesTeam 3: Management Control Systems, Planning and Budgeting Christians of the world today tend to look at life through the eyes of the beholder. At least that’s what we as Christians want to believe. A recent nationwide survey completed by the Barna Research Group determined that only 4 percent of Americans had a biblical worldview. When you believe the Bible is entirely true, then you allow it to be the foundation of everything you say and do (Azusa Pacific University, 2016). Do you need to haveRead MoreBudgeting Is The Main Goal For Profit Planning905 Words   |  4 PagesBudgeting is the main goal for profit planning. All businesses should prepare budgets; all large business does (Mowen and Heitger, 370). Budgets are financial plans for the future and are the key component of planning (Mowen and Heitger, 370). 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The department needs to justify their expenditures for the current year, and the allocation of funds is determined by the merits of their policy rather than the budget that was allotted the previous year (Financial Web, 2 015). There are pros and cons with ZBB. ZBB assures effective allocation of funds, avoids unnecessary expenditures, utilizes cost effective methods, and removes ineffective and counterproductive activitiesRead MorePlanning And Budgeting Processes Are Notorious For Their Rigidity966 Words   |  4 PagesModule 7 Review Part 1 1. Planning and budgeting processes are notorious for their rigidity and irrelevance to management action.† How can planning be made relevant to the challenges facing a business? Planning and budgeting can be relevant to the challenges facing the business. This can happen by simply including all the departments of the business in the planning and budgeting process. If each department is represented in this process, the issues of each department can be addressed and everyone

About The Last of the Mohicans - Free Essay Example

Sample details Pages: 2 Words: 578 Downloads: 2 Date added: 2019/08/15 Category Literature Essay Level High school Tags: The Last of The Mohicans Essay Did you like this example? The Last of the Mohicans is set in the 1757, while the French and Indian war was happening. It uses recognizable American tradition by forming a model created in the image of the initial voyagers. Coopers frontiersman, Hawk-eye, expresses the model American romantic hero. Don’t waste time! Our writers will create an original "About The Last of the Mohicans" essay for you Create order He is a rebel who discards civilization, embraces the environment, cohabits with Native Americans. Hawk-eye assists as a leader into the American land for both the European characters in the story and the reader. Cooper novel offers more than a Eurocentric viewpoint by offering a voice to the Native American characters. He generates a discussion among both sides and demonstrates that a passive coexistence can be achieved. It is in hindsight that Cooper is proficient in creating characters. In a touching dialogue, Hawk-eye and his confidant, Chingachgook, the last of the Mohican tribe, converses the origin of the battle between their two races. Your fathers came from the setting sun, crossed the big river, fought the people of the country, and took the land; and mine came from the red sky of the morning, over the salt lake, and did their work much after the fashion that had been set them by yours; then let God judge the matter between us, and friends spare their words! My fathers fought with the naked red man! returned the Indian, sternly, in the same language. Is there no difference, Hawk-eye, between the stone-headed arrow of the warrior, and the leaden bullet with which you kill? (Cooper 30) When Cooper published his novel, the United States was plunged in the conflict generated by colonization. As America prolonged to enlarge to the west, imprisonment and direct encounter with Native America continued to be an important issue. At the center of The Last of the Mohicans is the imprisonment and loss theme. In the novel, Hawk-eye and his two Indian confidants, Chingachgook and Uncas, lead a soldier, psalmist and the other fellow heroines, Cora and Alice, across the wasteland through a war involving the English, French and Indians while being chased by the Indian opponent, Magua. At the culmination of the novel, following two rounds of hunt, imprisonment and liberation, Uncas, Cora and Magua end up deceased. Cooper is proficient to discover history and the hereditary experiences of Columbus, Smith and Rowlandson which are imbedded in the American mindfulness allowin him to generate an American classic. The time of romance in American literature uses Americas exclusivity with the American wilderness as its scenery and its history as the background. The Last of the Mohicans, searches protuberant images in the American mindfulness imprisonment and Indian attacks, the disappearing noble savage and the trailblazer as a romantic idol who travels the enormous and stunning yet unforgiving land of the American frontier. The Romantic Movement was favorable to the expression of the truth confronted in the everyday lives of nineteenth century Americans. It is through the investigation of the autobiographical stories of Columbus, Smith and Rowlandson that we are able to comprehend these views of Romanticism as they congregate in Coopers historical fiction, The Last of the Mohicans, as it has arisen as a normative American romance. Coopers novel arouses the idea of the beautiful landscape that Columbus discovered, Smith as a passionate hero, Rowlandson as an incarcerated. As established in the literature of Columbus, Smith and Rowlandson, Americas groundwork was bursting with conflict. The novel mirrors Coopers inspection of those battles and the subsequent loss for both the colonizers and the Native Americans

Strategic finance issues Free Essays

string(159) " inventory into sales shows a possible reason for this question arising as the number of days taken to convert inventory into sales has risen in 2013 from 52\." This analysis will financially compare Santos Limiter’s financial performance for the year ending 31st December 2013 with the previous year’s results, by way of ratio analysis. It will also benchmark the latest result with that of Woodside Petroleum for the same period using the same ratio analysis of the 2013 financial statements of each company. A copy of these ratio analysis are attached to this report as appendix 1, which contains a through time comparison for the last two years for Santos Limited ND the across time comparison with Woodside Petroleum for the most recent year. We will write a custom essay sample on Strategic finance issues or any similar topic only for you Order Now As Basely and Hancock (2013 p. 358) depict there are certain factors relevant to selecting an appropriate benchmark. Woodside Petroleum has been selected as the benchmarking company as Woodside also operates in oil and gas production, focusing operations within the Australian area. While Woodside operations are larger than that of Santos, the relative size of these companies is comparable and both follow the accounting policies required by the Corporations Act 2001 , Australian Accounting Standards and other authoritative pronouncements of the Australian Accounting standards board. Both companies are listed on the Australian Stock Exchange (ASS) which provides comparative data for the ratios analyzed and presented in Appendix 1 with the following tables; Table 1 – Profitability ratios Table 2 – Efficiency ratios Table 3 – Short-term solvency ratios Table 4 – Long-term solvency ratios and Table 5 – Market-based ratios A copy of Santos Limiter’s 2013, 2012 and Woodside petroleum ‘s 2013 Annual reports are attached to this report as Appendix 2, Appendix 3 and Appendix 4 especially, for reference to the findings and suggestions outlined in this review. One limitation of the comparison is that Santos Limited reports their financial data in Australian (ALL’S) dollars, while Woodside Petroleum report their financial data in American (US) dollars. This is overcome by using ratios for a majority of comparisons and converting the US dollar amounts into ASS dollars when required. 2. 0 Ratio Analysis To look at the relationship between figures presented in the financial statements, this report uses a ratio analysis technique. To fully understand the ratios developed e will look at them in context of other information provided in various reports and the overall goals of the company. From these ratios the report will then compare these against the benchmark and ultimately identify areas for improvement and, if necessary, change. 2. 1 Profitability. As we can see from Table 1 – Profitability ratios, the net profit margin and the gross profit margin fell 1 . 74% and 4. 26% respectively in 2013. While sales increased 1 1 . 76% for the year, the gross profit margin decreased as previously stated which, was the main driver for the decrease in net profit margin for the year as the interest expense o sales remained consistent. There was a slight drop in return on assets, however asset turnover remained fairly constant, highlighting that the drop in net profit margin is due to the drop in gross profit margin and not a lower turnover of assets. The reduction in gross profit margin is due to the increase in financing costs like depreciation and depletion (up 1. 5% of sales for 2013) and third party product purchases (up 5. 6% of sales). The reduction in financing income also played a major part in pushing down profits. In comparison Woodside has a higher return on assets Han Santos due to the 16. 8% higher profit margin and they turnover assets more efficiently. Also, Santos’ continuing capital growth strategies in projects such as the Papua New Guiana Liquefied Natural Gas (PING LONG) and the Gladstone Liquid Natural Gas (GLEN) transformational projects which are outlined in the 2013 Annual report, are still in the developing phase, therefore not producing to generate sales until the following years. Woodside had a low commitment to capital expenditure for the same financial year and after selling off major capital in 2012 their use of debt as far less (shown as the leverage ratio in Table 4). The return on ordinary shareholder’s equity (ROE) ratio shows the return for the shareholders who supply equity to the business. The ROE is higher for Woodside due to their higher profit margins however, the higher financial leverage ratio in Table 4 will benefit Santos’ shareholders when the return on assets increases compared to the financing costs. This will happen when the above mentioned projects begin production. This is congruent with the statement in a press release by Managing Director (M. D) and Chief Executive Officer (C. E. O) Mr. David Knox on 21st of February 2014. â€Å"In particular, our natural gas reserve and resource base in eastern Australia, combined with our leading infrastructure position, leaves Santos strategically well placed to meet growing market demand,†. 2. 2 Efficiency ratios For the 2013 fiscal year the sales and also the number of debtors increased. The use of efficiency ratios helps determine whether the increase in debtors is due to the increase in sales alone or that it is caused by the debtors taking longer to pay. These ratios show this by providing statistical relations on how effectively Santos Limited is electing its outstanding owing money and converting the inventory into sales. From Table 2 we see that comparing the last two fiscal years for Santos Limited has made improvements in their debt collection practices. The number of days taken to collect debtors accounts has reduce from 78. 71 to 65. 53 days but is still outside Santos Limiter’s standard 30 days for settlement of accounts. The closing balance is showing more debtors accounts being past the 65. 3 day average for 2013 fiscal year. Comparing these figures to Santos’ competitor Woodside, whose debtor recovery is loser to the standard 30 days terms at 31. 63 days. An article in the Sydney Morning Herald depicts that the question has been asked whether there is a gas reservation policy by shareholders, of which Santos Chairman Mr. Board denies. The ratio analysis of days taken to turn inventory into sales shows a possi ble reason for this question arising as the number of days taken to convert inventory into sales has risen in 2013 from 52. You read "Strategic finance issues" in category "Papers" 19 to 53. 62 days. This is only a slight increase and with an expected increase in demand, this slight rise in inventory would be expected to cover n increase in demand. However, when comparing this level to the benchmark, Woodside inventory turnover is far less at 30. 46 days for a higher sales volume. 2. 3 Short-term solvency ratios While the previous ratios focus on performance of the company solvency ratios focus on assisting the company with decisions, short term and long term. Table 3 shows the short-term solvency ratios which assist in the short term decision making. The current ratio is the most basic test as to how liquid a company is. It expresses a company’s ability to meet its short-term liabilities with its short-term assets. A current ratio greater than or equal to one indicates that current assets should be able to satisfy short-term obligations. A ratio less than one indicated an inability to meet short term requirements. The quick ratio calculated for 2013 compared to 2012 shows the company’s ability to pay is has reduced to below the 1:1 ratio, expressing that should the company be required to pay all current debts immediately, they could not do so. Due in part to the reduction in cash levels reducing the current assets from 34. 6% to 20. 3% of net assets. Also increases in the amount of short term interest bearing borrowings increases the current liabilities from 13. 6% of net assets to 16. 9%. With the less cover to pay the increase in short-term liabilities, there is a higher financial risk. When comparing these ratios to that of Woodside, Canton’s short term debt paying ability is carrying greater risks, but comparable with this benchmark. While the quick ratio decline to . 3:1 is cause for concern, the Cash flow from operations to current liabilities ratio shows that 94% of current liabilities can be covered with operational cash flow. Compare this to Woodside, which can easily cover rent liabilities with 141% of its current liabilities covered with operational cash flow. 2. 4 Long-term solvency ratios As the short-term financial risk has previously been expressed, the long term decisions can be assisted by the long- term solvency ratios expressed in Table 4. The debt to equity ratio compares the total liabilities of Santos Limited and compares it to the each dollar of shareholder’s equity. During 2013 Santos’ reliance has risen due to the increased borrowings and interest bearing loans, so for every $1 of shareholder’s equity there is $1. 02 worth of debt obligations. This level of debt is double than that of our benchmark, Woodside Petroleum however, the debt to total asset ratio suggests there is enough assets to cover the debt long term. This might put the company under financial risk and indicate high use of debt compared to shareholder’s equity and a greater financial risk long term. This increases the cost of interest in operation, effecting negatively on profitability. The interest coverage while currently is below the industry benchmark, there is sufficient coverage to ensure interest payment obligations will be met. The amount contributed to the long term room each $1 of operating cash flow has also been significantly reduced, moving further away from the benchmark company. This will increase interest costs long term however, also effecting profit margins. 2. 5 Market-based ratios The price per earnings ratio shown in Table 5 show how much the market would pay for shares of stock of the company per dollar of reported profit. About. Coma’s business finance reporter Rosemary Palaver suggests that the average price to earnings ratio is around 19 with Santos’ ratio higher at 27. 68 and the benchmark, Woodside, ratio marginally lower at 17. 49. Reasons for Santos’ higher than average price per earnings ratio would be due to the potential for Santos increase earnings per share in the foreseeable future and investors are trading accordingly. Other reasons for a high ratio are when companies are in a growth phase, which Santos’ financial statements suggest it currently is not. A high ratio also suggests that the company has financial risk which was expressed in the short-term and long-term solvency ratios. While the market is willing to pay a higher price for investment in shares per dollar Santos reports as profit, the earnings yield assists in evaluating whether returns on investment compensates the risk adequately. The yield of 3. 61% for 2013 is down on sass’s 4. 53% and short of Woodside 5. 72%, which is at a lower risk. Thus, Santos’ shares did not perform to the industry benchmark and shareholders are not getting the yield expected for their investments. Dividends are also low, reflecting the company’s growth positioning for the coming few years. 3. 0 Recommendations The increase in growing demand as expected by Mr. David Knox in a release and the move into production phase of the PING project will generate extra operating ash, primarily with already obtained assets. Therefore the focus moving forward should be reducing the financing costs involved in the cost of goods sold. This will in turn increase profit margins, giving a greater return on assets due to lower interest costs, moving margins closer to that of the benchmark Woodside Petroleum. The rate at which inventory is used to generate sales should be reviewed as it is slightly behind the benchmark. One suggestion to come from these ratio findings is that debtor control needs to be tightened which in turn will improve operations cash flow. Steps have been taken during the last fiscal year to reduce the number of days to collect outstanding debtor accounts, further improvement will also increase operating cash flow which will reduce the financial risk of the company to pay its current liabilities. The inventory level should be reduced to be more comparable to Woodside and increasing the quick assets level used to repay current liabilities. Further to assist in reducing the risk associated with the company’s short-term solvency would be a focus on reducing the current interest-bearing loans and borrowings. 4. Conclusion. Through the usage of ratio analysis this report has analyses Santos Limiter’s financial performance over the last two years and benchmark it against Australia’s largest oil and natural gas producer. There are several other factors influencing position and performance like international economies, competition and major long term growth projects etc. These play a decisive role in the changes in profits, earnings yield and dividend yield. The last two years have seen Santos’ profits and stock performances below industry averages but this is large in part to the investment in growth opportunities, which will begin production in the near future. Some findings and recommendations have been made to improve the financial position of the company so the entity and the shareholders that have invested in it can prosper. Although the companies are in the same field, factors like subsidiary companies or having some different end product can create problem in comparing the companies. The economic condition in the different region and the accounting techniques adopted by these companies while computing ratios and financial tenement also decreases the credibility of the calculation (Charles and Patricia, 1983) 5. 0 References Charles H. Gibson Patricia A. Brush-off. 1983. Z ND Edition. Kent Publishing Company. How to cite Strategic finance issues, Papers

Financial Accounting Business and Society

Question: Discuss about the Financial Accountingfor Business and Society. Answer: Introduction The modern world constitutes of very complex business structure with the changing time and taste and preferences of the consumers. Therefore, every enterprise functioning within this economic structure tries to optimize its production and service unit by taking out the best out of all the factors of production. One of the most important factors of production is labor or the employees working in an industry. The proprietor of the business always tries to keep their employees satisfied by providing lucrative remunerations and rewards from time to time in order to get the best out of them. The idea of corporate governance was introduced within an organization in order to look after the employees and their desires. An industry even has the role of keeping their stakeholders happy and satisfied, as they are the central nervous system of an organization by providing capital and finance to the firm to keep their production process smooth. It is of great importance for any firm to keep a str ong governance and ethics structure so that the stakeholders and the employees are satisfied. In the present study it is seen that Cocoa Ltd is a large departmental store which uses a straight line method from its inception. The company has been making a record profit and it is expected that the profit would continue to last for the next two years of 2016 and 2017. The economists are in a prediction that an economic slowdown might occur in 2018 and 2019 which might lead to a fall in the profit of the firm. The manager of the firm in order to maintain a consistent profit for the next few years has asked the accountant to establish a strategy so that this profit can be maintained and the confidence of the stakeholders can even be kept towards the organization. The current paper tries to analyze and discuss the ethics, governance and stakeholders along with the change in the depreciation method that can bring about changes in the structure of the firm and keep a consistent profit within the firm. Discussion This part of the paper tries to analyze the case study with respect to the changing depreciation methods along with concentrating on the ethics and governance of the organization. The firm even tries to satisfy the interests of the firm by keeping a consistent profit and creating a reputation in the market. Cocoa Ltd is a consistent profit making departmental store, which has even estimated that it would be making a profit for the next two years as well. The economists on the other hand have predicted that there might be a economic slowdown in the year 2018 and 2019. The economic slowdown will lead to the fall in the profit of the firm which will not only hamper their market reputation but will even discourage the stakeholders to make further investments in the firm. The general manager of the firm Max Cocoa therefore, came to the accountant Andrea Andy and asked her to find a way out to reduce the profit of the next two years so that there can be a consistent profit distribution even during the years when there is an economic slowdown. Max Cocoa is asking Andrea to initiate such a process so that the stakeholders are happy with the performance of the organization and they stay with the organization even in the future (Tricker, 2015). The accountant of Cocoa Ltd, Andrea Andy was not justified with the reason shown by the general manager but she decided to do the same, as she was afraid that the firm might terminate her contract. The accountant therefore, decided to change the calculation of depreciation method from straight-line method to sum-of-years digits method (McConnell and Qi 2016). By altering the depreciation method, the firm will be able to decrease its profit, which will be essential in distributing the profit for the next two years to come. It is seen that Andrea did not disclose the changes she made in the financial statement as she thought that such a change in the accounting method might not satisfy the stakeholders and will even not give a good impression. It is seen that corporate governance and ethics play an important role in the functioning of an industry. It is seen that the ideology of ethics and governance of an industry determine the how they function and how much they value their stakeholders (Denis 2016). Ethics and governance is one the vital components of the skill base and knowledge of professional accountants in the modern world. As they are the important decision makers, it is essential that they must be experts in the regulatory regimes, governance techniques and compliance needs to make sure that effective and lawful operations and corporate behaviors are performed. With respect to Cocoa Ltd, it is seen that a proper understanding of the ethics and corporate governance structure and techniques bridges with the variety of responsibilities and roles shown in the accounting techniques. From the point of view of Andrea, the matter of ethics and governance provides the decision-making and analytical talent and knowledge to resolve and identify ethical and professional issues. Andrea does the same thing by listening to Max even when she felt that his idea was not justified. She felt that it is important for the organization to satisfy their stakeholders, as they are the core of the b usiness (Joseph, Ocasio. and McDonnell 2014). The ethics and governance and is helpful in gaining knowledge as it is vital for the matters that specialize in the functional disciplines of accounts. It is seen that with respect to the other professional accountants, Andrea is also less involved with the traditional accounting methods and is more focused with the leadership and management. Andrea like the present accountants is leaders in their field and assists support to the senior management and therefore are involved in many crucial decisions regarding the business. Therefore, it is important for Andrea to have a proper knowledge about the governance and ethics to the play the role of a person who will support the senior management of the organization (Acharya et al. 2013). This matter not only enhances the chances of awareness corporate governance but even the members in distributing their functions. It is important for Andrea to understand the matter of governance and ethics as it provides skills and knowledge that is essential for her to function effectively in the dynamic and universal business structure. This process is structured to make sure the development in a variety of professional ethics, attitudes and values among her and even in the accountants working globally (Bushee, Carter and Gerakos 2015). The subjects of governance and ethics is essential in providing skills and knowledge to the accountants so that they can work efficiently in the complex economic environment and even understand the needs of the management (Harijono and Tanewsk 2015). These subjects are framed to enhance development for a variety of professional values, ethics and attitudes in the professional accountants so that they can understand the problem of the management and concentrate on making decisions that will satisfy the stakeholders involved with the organization. (Carroll and Buchholtz 2014) On proper understanding of the matter of governance and ethics Andrea will be able to understand and explain the factors from a global perspective and the style of accounting profession and their function as an accountant. It is crucial to apply for the important duties of the accountant, in this case Andrea from the point of view of a member of the CPA in Australia. These processes even points out the importance of professional judgments and ethics and explains the crucial regulatory and governance frameworks, which is inclusive of the international viewpoint on corporate governance and their effect on the variety of stakeholders involved. These factors are even important for accountants like Andrea as it explains the estimations based on the external and stakeholders coming up from the organizational responsibilities of the governance (Larcker and Tayan2015). It even ascertains different compliance and regimes, which effects the international business environment. Governance and et hics involved in the business is essential in finding out h leadership, strategic and international problems, which has an impact on the accountants, like in this case Andrea and her profession of accounting. It even describes the role, nature and importance CSR (corporate social responsibility) which is inclusive of the sustainable development and the change in the climate (Chun et al. 2014). The module of ethics tries to discuss about the practical implementation of the ethics based on the notions of public interest and the stakeholders. It shows an overview of the ethical approach that is helpful for Andrea to solve the problems of ethical dilemmas, which in this case is the unjustified explanation of the Cocoa Ltds general manager Max. The problem is helpful in providing a detailed evaluation of the Code of Ethics for Professional Accountants and reveals the process to gain the code when addressing the ethical issues (Weber and Wasieleski 2013). The process even explains the factors that are essential to Andrea to influence the ethical decision-making and provides an outline of a proper approach of decision n-making that may be essential to make better decisions like Andrea did by changing the method of depreciation by not disclosing in the financial statement (Simmons, Shafer and Snell, 2013). The theory of governance can be well explained by examining the corporate governance framework. It includes the consideration of relationship between the stakeholders, managers and the organization. It is seen that there are vital guidance and codes on governance which Cocoa Ltd have seen in the country like Australia which are thought as a crucial role which affects the differentiation in the cultural approaches with respect to corporate governance (Chen 2013). The process tries to end with the discussion on the governance failure that have been found out it is seen that problems like this unjustified reasons of Max may arise in future and therefore recommendations for improvements can be seen. The process tries to limelight those professional accountants, as Andrea needs to have strong understanding of the concept of governance so that a successful fulfillment of the duty and obligations can be maintained (Javid and Ahmad 2014). According to the current scenario, it is important for Andrea to understand the ethical behavior with respect to the corporate governance, which requires the analysis in two levels namely the internal concerns of the corporate agency and the growth effects on the welfare of the society or the stakeholders who are connected to the organization (Carroll 2015). Recommendation It is seen that the governance is based on the premise that the managers, employees need to behave in their most effective interests to satisfy the stakeholders and the owners. There are two factors that restrict the ideology and they are the interest of the managers while going over with the stakeholders. There are instances when the agents can help themselves in various ways that can hurt the stakeholders. The second part includes the fact that the stakeholders have neither the skill nor the knowledge, which the management possesses. This can establish a dynamism where the accountants like Andrea may be forced to short termism which means behaving in ways that look to the stakeholders and that is how Andrea had behaved by not disclosing the change in the depreciation method in the financial statement. However, such process undermines the value creation over time thereby decreasing the profit of a year so that the profit can be distributed over a few years more. Variety of transpare ncy, oversight and remunerative mechanisms has grown and are still growing to enhance and restrict the agency cost. Conclusion The evaluation of the current study reveals that the organization Cocoa Ltd even being a profit for the last few years have predicted that due to economic slowdown there can be a decrease in the profit for the firm. The manager of the company asked the accountant Andrea to initiate a process that will reduce the profit for the current year so that there will be a consistent growth in the profit even during the time of economic slowdown. The idea of ethics and governance with respect to the stakeholders hold an important part as it is helpful for Andrea the accountant to understand vitality of the stakeholders. The paper even shows the ethical and governance structure, which has helped her to make financial decisions by changing the depreciation method without mentioning it in the financial statement so as to retain the impression of firm and even understanding that unjustified decision of the general manager to be effective and taking the decision same. Reference List Acharya, V.V., Gottschalg, O.F., Hahn, M. and Kehoe, C., 2013. Corporate governance and value creation: Evidence from private equity.Review of Financial Studies,26(2), pp.368-402 Bushee, B.J., Carter, M.E. and Gerakos, J., 2013. Institutional investor preferences for corporate governance mechanisms.Journal of Management Accounting Research,26(2), pp.123-149. Carroll, A.B. and Buchholtz, A.K., 2014.Business and society: Ethics, sustainability, and stakeholder management. Nelson Education. Carroll, C.E., 2015.The handbook of communication and corporate reputation(Vol. 49). John Wiley Sons. Chen, L.F., 2013. Denis Collins: Essentials of Business EthicsCreating an Organization of High Integrity and Superior Performance.Journal of Business Ethics,113(3), pp.557-559. Chun, J.S., Shin, Y., Choi, J.N. and Kim, M.S., 2013. How does corporate ethics contribute to firm financial performance? The mediating role of collective organizational commitment and organizational citizenship behavior.Journal of Management,39(4), pp.853-877. Denis, D., 2016. Corporate Governance and the Goal of the Firm: In Defense of Shareholder Wealth Maximization.Financial Review,51(4), pp.467-480. Harijono, H. and Tanewski, G., 2015. 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