The Language of Leadership Essay Example | Topics and Well Written Essays - 250 words - 1

The Language of Leadership - Essay Example There are five appropriate methods of ensuring that the organization’s workforce harmoniously undertakes the tasks in accordance to the set rules and regulations, and in the absence of coercion. Modern leaders should serve as the center nerve of distributing favorable prepositions to the entire organization. Through the sharing of objectives, leaders set an equated and united organizations as the subjects realize their equated importance and choose to work in teamwork (Kadalie, 2006). Therefore, leaders may apply the collaboration and sharing techniques to ensure teamwork and united performances of tasks in a friendly environment. These variables shall eventually serve to ensure that all performances interrelate directly to the leader’s vision of the organization (Schmid, 2009). Other factors that leaders may use in ensuring that leaders may use to recognize talents of the others include democratic, and dispersed approaches whereby the subjects are able to express their feelings and propose the various methods that they feel as appropriate in undertaking specific tasks. Lastly, leaders may use the dispersion techniques to stimulate integration and the realization of talents amongst his subjects in the organization (Halpern, & Lubar, 2003). Mainly, a leader serves as integral in stimulating performances to excellence and ensuring that all their

The Inhabited Woman Essay Example for Free

The Inhabited Woman Essay La Mujer Habitada (The Inhabited Woman), a semi-autobiographical novel of Gioconda Belli. The novel, which was published in 1998 foster much attention. The novel dealt with the Sandinistas struggle for liberation as well as her native Nicaraguan feminist effort to be recognized and achieved equal rights in a patriarchal society (Salgado 235). â€Å"The Inhabited Woman grabs us from two unexpected directions: its consciousness of the centrality of woman in struggle, and its retrieval of the cycles of birth and rebirth which are such an important part of indigenous cosmology (Randall 6). † The novel also dealt with gender issue in Nicaraguan revolutionary narratives. To Timothy Richards, this is a narrative of female struggle in society, through a progressively more comprehensive involvement in her society, [the protagonist] learns to distinguish the true from the false in her and the world around her (Belli 209). Lavinia, who is an upper class woman, also carries out her own feminist struggle by refusing to get married. She chooses her independency over her lover. Lavinia, believed that marriage, would mean placing limitations to one’s self—unless, the right man would came along (Belli 22). She begun to accept and embraces the principles of the movement. Her being an oligarch is quite apparent in her conversation with her childhood friends Sara and her husband Andrian as well as her parents. The main character of the story, also wanted to proved her worth as a person – her struggle to proved her knowledge will be eventually unravel in the story – she as an architect strive to prove her self worth and received a lot of merits.   In the field where men always dominate – Lavinia proved them wrong. She, despite the adversities in life in the long run succeeded in the field where men dominate, which implicates the gender and/or feminist struggle of the novel. Similar with Lavinia, Gioconda also proved their worth as a person – her choice to be involve in the movement is in itself a worth proving decision. Leaving the life of luxury and offering life in the service of the people is a tough and firm decision to make. Putting your life to danger in exchange of serving the oppressed and underprivileged people. The rampant oppressions, which she herself is an eye-witness, inflame the nationalistic spirit in her. As the novel continues, the parallelism between the main character, Lavinia and the writer herself is being introduced gradually. Both were raised in an upper class family, had a good educational background and were raised in a society suffering from political and economic turmoil. Both were also living a life of luxury and extravagance. But both women, decided not to be indifferent about the current political situation of the country. They both were determined to struggle the rights of the underprivileged, less fortunate and oppressed majority. Belli, met someone from the movement whom she got intimately involved while Lavinia met Adrian her husband before she met Felipe, whom introduced her to the ideology of the movement. Lavinia and Belli were involved in the movement at time when both were still at a young age. Their young age did not get into the way of their involvement in the movement. In fact, during those times they were envisioning their society to be more kind among its people. Their realization to this inspires them to get into a more cause oriented and more meaningful engagement in society. The formal years were quite a struggle for both, since they were raised in a well to do family. But as the novel continues Lavinia found herself to being involved in the revolutionary movement while on the part of Belli, she recognizes that these oppressions must end. In order to end the suffering and oppression of the people, one has to get involved and make a difference. In substantiating the above claim, Belli and Lavinia, the main character of the novel, were raised in a conservative and protective family. Belli, decided to join the Sandinista movement because of her belief that oppression and suffering under the Somoza regime must come to and end. She became deeply involved in the movement and later on played a significant role. Belli became the courier of the movement during the height of the oppression. And because of her deep involvement in the Sandinista movement, she exiled in Mexico in 1975. In 1979, the overthrow the Somoza regime, Belli continued her involvement in the movement and she took several important posts. In 1982, she became the FSLN (Frente Sandinista de la Liberacià ³n Nacional) liaison officer. Then in 1984, she became the director of State Communications and was responsible in organizing major literacy programs and projects. Just like the novel, during the 1970, Managua is experiencing a political and social turmoil. The Inhabited Woman is based on an episode of Nicaraguan experience, where oppression and injustices are rampant. This is where the novel took off its narrative. All the events if not all that was reflected in the novel were all inspired in the current political and society’s situation (March 53). As for Lavinia, her lover Felipe, became instrumental to her involvement in the revolutionary movement. The movement intends to overthrow the current military dictatorship governing the whole country.   Notice that both Lavinia and Gioconda were influenced by their lovers to be involved in their respective revolutionary struggle. Both struggled wanting achieve national liberation and recognizing equal rights of the people (March 83). Gioconda was recruited in the revolution by the Camilo Ortega, but the one who really inspired was the one whom she called ‘the poet.’ Belli felt that she could transform her life and empower herself as a citizen and as a person, this realization allowed her to break from her marriage. A marriage where she was quite unhappy. It was a combination of things that led her to defy convention and have that affair with the ‘Poet’ (Salgado 237). It was also the time of the sexual liberation. People were talking about open marriages. It was all those things combined. She emphasized that her my political stance was never determined by the men she was with. Belli had her own ideas and convictions. She exemplifies her admiration with the ‘Poet’ because Belli believed that he opened doors for her not only in terms of getting to know the Nicaraguan history better as well as everything that was going on in Latin American literature. The ‘poet’ had imprinted a great influenced to her, as an individual and a writer. Take note that, Felipe had also been influential to Lavinia’s social awareness – their frequent conversation which led to her deep involvement in the revolution is exemplifies in this manner. Under the protection of the tree, the young protagonist and Felipe discuss the revolution and the role of women in it. And, it is during these discussions that Lavinias social consciousness is awakened (March 235). In the novel, Lavinia, the main character often goes to a secluded part where her grandfather stays. She returns to her home when she needed time to think and to get away from the crowded and strident sound which the city brings. Like Gioconda, she often remembered her country where she was raised by her family – where she was educated and she became socially conscious about the current situation of her country. She oftentimes, felt that longingness and going back to where she really belonged. Noticed the following narration of the writer: It was a clear day. The landscape disrobed at her feet, devoid of fog. The tiny houses, the lake, the row of blue volcanoes, were spread out in the distance, silent, motionless, majestic. Up closer, the vegetation in the mountains unfolded in green toward the valley where the city lay. Twisted tree trunks hung dangerously over the edge. [ J This landscape was hers, her idea of homeland; this is what she dreamed of when she found herself on the other side of the ocean. This landscape made the most outlandish dreams of the Movement understandable. This land sang to her flesh and blood, to her sense of being a woman in love, rebelling against opulence and misery. [] This land deserved a better fate. (Belli 348-49) The narration above depicts the idealized and post-revolutionary Faguas which was Lavinia is fighting for – where wealth and misery is not a problem anymore. Belli, dreamt of it in her life. In fact he fought for it, she envision a country with no repressive army, freedom and democratic responsibilities. During the height of the dictatorship, Belli handled few accounts that had to do with businesses with Somoza regime. And because of that she was able to extract documents, which later on she provided to the Sandinista movement. The character of Lavinia in the novel also worked with the ruling regime. Thus, substantiate the parallelism between the two, Belli and Lavinia. As much as Lavinia hated the military leaders she had no choice but to work with them. She had to meet and had conversations with people from the government, whom actually she despised. Belli, on the other hand had also experience that of Lavinia’s sentiments in the novel. Belli, actually had to go to different embassies and talk to people whom she don’t like that much. As far as their revolutionary experience is concerned, both women continued to contribute to the success of the movement. Belli, played an important role in the Sandinistas Movement same as Lavinia when she become involved in the revolutionary movement. She dedicated her life in the struggle to eradicate oppression and injustices. And she even forsakes her life to realize that goal. Lavinia during the height of her consciousness held various educational discussions among several groups to raise their consciousness. Also the discussion between Itza and the main character Lavinia reveals this claim. Belli, on the other also organized group discussions among citizens of Nicaragua to rouse their consciousness as to what is happening in their society. And to encourage them to stand for their rights and liberate themselves from the oppressive ruler of their country.

A Criticism Of Incompatibilism

A Criticism Of Incompatibilism In Van Inwagens paper, An Argument of Incompatibilism, he posits in his consequence argument that, under determinism, there is no moral consequence of intentional actions. It is hard to think that one can act without free will. We seem to be able to make our own choices in life every step of the way, yet we are still exceedingly aware of situations and even decision that we seem to have no control over. This is the issue philosophers often encounter in the study of free will in our causally determined world. The subject of free will has been a matter of intense debate in the philosophical community for ages. Not surprising, seeing as its very concept has profound implications on metaphysical, deontological and moral grounds; the absence of free will puts into question the existence of moral responsibility, free thought and even our own existence. However, the compatibilists think that there are certain flaws in some of the premises of Inwagens argument that make it unreliable. David Lewis points out that two of the premises in Peter Van Inwagens Consequence Argument do not support it being viewed completely in the strong or weak sense of determinism. Incompatibilists such as Inwagen have trouble with the idea of determinism, or at least in the context of free will. Determinism is the view that there is a predetermined future that is created by events in the past while being governed by the laws of nature (Van Inwagen, 1983). A common example of determinism is the predestination paradox of time travel. What you do in the past affects what happens in the future, but unfortunately the future stays the same no matter whatever you try to do because you would still have caused the future regardless. When you apply determinism to something like intentional actions, it means that what youve done could have been predetermined to happen due to something having happened in the past. In the context of the free will debate, compatibilists subscribe to this very concept of determinism. This philosophical viewpoint is commonly brought up in free will related arguments. A reason for this is that that the idea of a causally determined future is d istressing when applied in the context of free actions. That is to say, that because everything is predetermined, there is technically no free will; whichever actions one believes they are doing is in fact simply an illusion. In his paper, Van Inwagen outlines seven propositions, which encompasses the Consequence Argument that argues against that fact. His argument seeks to remove determinism from the arguments of freewill due to the fact that it is deemed incompatible. In his Consequence Argument, Van Inwagen uses an example of a governor choosing not to raise their hand and influence the process of the final deliberation of a criminals death sentence. In this argument, he outlines the conditions that would have governed free will in a deterministic world in the form of six premises. In the Consequence Arguments first three premises, the argument outlines that intentional human actions are causally necessitated because they all happen within the natural, causally determined, world (Zimmerman, 2010). That is to say, the actions are determined to happen. The argument then goes on to outline the notion that if an event is necessitated by prior events, it could not have happened other than the way it actually happens (Zimmerman, 2010). This follows that because of the previous propositions, human actions cannot happen in any other way than what has already happened. For instance, following the arguments logic, I could only open a door ajar when I chose to do so because I was causally determined to do so. Finally, Inwagens Consequence Argument finally goes onto the topic of free will; a person can only be considered free if he can actually do otherwise on an action. Unfortunately, as stated before, any action a person does happens because it could not be done otherwise. Ultimately, following this line of reasoning, the person cannot do otherwise and is thus following the illusion of free will as he performs his seemingly intentional actions. Now, returning to the Inwagens example of the governor, we see what implications Inwagens argument has on this proposed scenario. By the logic of the Consequence Argument detailed earlier, the governor, despite having chosen to refrain from raising their hand, is not performing the action under their free will. In fact, according to the Consequence Argument, if determinism is true than there is no free will involved in the governors action. This has some severe implications on that particular subject. What it means is that since free will is not involved in his performing an action that would ultimately be responsible for sending a man to his death, the governor cannot be held morally responsible for that act. Hence, by this logic, the absence of free means one could not possibly be held morally responsible for anything they do. This certainly sounds like an outrageous, yet distressing, conclusion. How could there be any form of responsibility, or any rational thought even, in a dete rministic world when every action is seemingly predetermined? It is with this thought in mind that Van Inwagen argues that free will and, by extension moral responsibility, has no place in the deterministic world. So does this mean we can safely remove the possibility of free will in determinism? The compatibilists say otherwise. David Lewis, a compatibilist himself, has an interesting critique of Inwagens argument. In his paper, Are We Free to Break the Laws?, he argues that there are ways responsibility-grounding freedom of action (Zimmerman, 2010) can exist alongside determinism. Compatibilism is the view that free will does have a role together with determinism, specifically soft determinism. In his paper, he divides determinism into two different categories, hard and soft determinism. Hard determinism is defined, as a sort of determinism in where there seems to be no room for free will. Soft determinism, on the other hand, is the belief of the exact opposite, allowing for free will in the deterministic world. Lewis himself is a soft compatibilist. In Are we free to break the laws? he argues that there is a flaw in the consequence argument. Lewis admits that [he is] able to do something su ch that, if [he does] it, a [causal law will] be broken (Lewis, 1981), although he claims that the incompatibilists behind the Consequence Argument takes this claim to the extreme or what he calls the strong sense. To an incompatibilists, this statement can be taken to mean that he can break the very laws of nature (Lewis, 1981). These are the definition of the weak and strong theses. The difference between the two is that the weak thesis, which says that a [causal law will] be broken (Lewis, 1981) implies that whenever he decides to take an action, the act itself is what causes a law to be broken. A nice analogy of the weak thesis can be summed up with a simple rock thrown at a window. If someone throws a stone and in the process breaks a window, then, following the logic of the weak thesis, the act of throwing the stone is what ends up breaking the window. On the other hand, the strong thesis suggests the very act of performing an action means that he himself has broken the law. U sing the same example from before, instead of the act of throwing the stone, it is the thrower himself who breaks the window. Lewis outlines an important distinction between two different ways of viewing the premises of Van Inwagens Consequence Argument. The difference between the strong and weak theses plays an important part in Lewis argument. Lewis rejects the strong thesis that the Consequence Argument seems to imply but accepts the weak one. From the weak thesis he posits that one can actually do otherwise in the Consequence Arguments presumably unyielding deterministic actions. Lewis introduces a concept, which he calls a divergence miracle, since breaking a causal law requires nothing short of one. A divergence miracle is a divergence in the causal history that occurs before the act is performed. That is to say, that prior history may have been changed had the governor from Van Inwagens example raised his hand. Although, thats not to say that this would not be the case had the person simply chose not to have done so, Lewis claims that a miracle might have taken place, only to have its work undone by a second miracle (Lewis, 1981). This is where the weak thesis plays a significant role. Lewis states that for him to perform an a ction that would result in the breaking of a law, a divergence miracle independent of his own actions offers an alternate causal history that would allow the lawbreaking action to be possible. Lewiss paper draws attention to two premises from Inwagens Consequence Argument, most specifically the fifth and sixth premise. In Inwagens sixth premise, he states that a person could not have rendered a law of nature false (Van Inwagen, 1983). Lewis cites an example, which Van Inwagen has used in defense of this premise, of the possibility of the construction of an apparatus that can potentially violate the laws of physics. It follows that, following the rough outline of the sixth premise, if it is possible such an apparatus can be made then the laws of physics have certainly been rendered false (Van Inwagen, 1983). However, according to Lewis, while this proposition can be rejected, on the grounds that we have no choice what the laws of nature are (Van Inwagen, 1983), and in turn support viewing it from the strong sense. That is to say we cannot break the laws of nature. However, this defense is not suitable when being viewed from the perspective of the weak thesis. Inwagens sixth premise has an opposite effect. In defense of his fifth premise, he says that there is no way he can render false a conjunction that the Spanish being defeated in the past with the proposition that he will never visit Alaska (Van Inwagen, 1983). Inwagen believes that the reason one cannot render that false is that any deviation from actual events would be incompatible with any past state of the world taken with the laws of nature (Van Inwagen, 1983). Lewis counters this argument by saying it is completely irrelevant due to the fact that the claim of ones inability to render those false is only true in the sense of the weak thesis, but it completely neglects the strong thesis. The problem with these premises, according to Lewis, is that the arguments that Inwagen uses to support these premises are not sounds, seeing as neither of them addresses the Weak and Strong Theses. Generally the problem with the Consequence Argument, according to Lewis, is that it is not consistent in its premises. As outlined earlier, Inwagens fifth and sixth premises cannot both be viewed according to either the Strong or Weak Theses alone. This has the effect of weakening Inwagens argument, since it lessens the severity of the deterministic viewpoint; the inconsistency in views shows that that part of the argument seems unsound. In addition, Lewiss concept of divergence miracles also offers some welcome changes to the determinism that Inwagens Consequence Argument paints less rigid and unyielding. Such inconsistencies ultimately undermines what would normally be a rather solid argument convincing us of what would seem to be a no space for free will alongside determinism. Peter Van Inwagens Consequence Argument is seemingly unsound given that the argument does not hold up completely well when viewed from the Strong or Weak Theses that David Lewis had outlined. Incompatibilists have produced a fairly strong, if disturbing, argument of the potential link between determinism and free will. However, the viewpoints that result from the rejection of compatibilism, such as hard Incompatibilism and libertarian incompatiblism, seem far more alarming. One either outright rejects free will while the other posits that the world is not complete causally determined. Compatibilism on the other hand seems easier to accept.

Symbolism in The Chrysanthemums by John Steinbeck Essay -- Papers Chry

Symbolism in The Chrysanthemums by John Steinbeck At first glance John Steinbeck's "The Chrysanthemums' seems to be a story of a woman whose niche is in the garden. Upon deeper inspection, the story reveals strong symbolisms of children, vulnerability, and connection--being the most important, of the main character. Elisa Allen is the main character who is at her strongest and most proud in the garden and weakened when she becomes vulnerable and loses her connection to the outer world. Elisa shows a new aura of confidence when she makes this connection to a peddler, who also is the cause of her realization of reality and her crying. The chrysanthemums symbolize Elisa's "children." She tends her garden and handles the chrysanthemums with love and care, just as she would handle her own children. Elisa is protective of her flowers and places a fence around them; she makes sure that "no aphids, no sowbugs or snails or cutworms" are t here. "Her terrier fingers destroyed such pests before they could get started" ( 221). These pests represent something that ...

Mencius :: essays research papers

Mencius believes that it is our nature and mind that determine what we are. It is our fate that governs our fortunes and determines our lease on life. Fate was originally a patent to a fief-holder, given by the Son of Heaven as Heaven's deputy to a feudatory. In extended usage it became our lot in life - the fate ordained by heaven. While people guard their minds and determine their conduct, they cannot determine their fate, which is in Heaven's hands. So, Mencius believed that though all humans are innately good, the realization of that good comes with self-cultivation and self-knowledge. Hsun-tzu could not accept Mencius idealistic view of human nature, nor did he believe that Heaven was the sole arbiter of human behavior. He believed that the importance of humankind in the universe is equal to but different from the importance of Heaven and Earth: "Heaven has its seasons, Earth has its riches and man has his culture. This is what is meant by the Trinity." Humanity's fun ction is to utilize the resources of Heaven and Earth to create its own culture. This can be done through the strength acquired from social organization. However, because the social organization needs to be regulated, lest it break down, and because "desires are many, but things are few", Hsun-tzu taught that people need to be restricted and guided by rules and morality. In my view of these two philosophers, I feel that Mencius' views are much more common in most religious traditions today. Mencius beliefs are a lot like Christianity, which is the religion that I am most familiar with. He believes that Heaven is a moral force whose mandate is to be respected and followed by human beings. We follow Heaven's mandate by knowing and nourishing our human nature.

Separation And Linking Of Contractual Arrangements Accounting Essay

Measurement standards explained under IAS-18, to assist the users of the fiscal statements in better application and proper apprehension. A coverage entity should mensurate gross originating from an addition in the assets or a lessening in its liabilities or the net consequence of their combination at the just value of that addition or lessening. Gross should be measured at the just value of the consideration received or receivable. For a hard currency sale, the gross is the immediate returns of sale. For a recognition sale, the gross is the awaited hard currency receivable. If the consequence of the clip value of money is material, the gross should be discounted to show value. Gross excludes gross revenues revenue enhancements and similar points because these are non economic benefits for the entity.Gross from the sale of goodsThe gross revenues of goods should be recognised as gross after the undermentioned conditions are satisfied. The important hazards and wagess have been transferred from marketer to purchaser. Managements and control of the trade goods is non retained by the marketer. The dealing sum of the goods can be measured faithfully. The economic benefit of goods related dealing will flux to the marketer. The cost incurred or to be incurred can be measured faithfully.Gross from servicesThe acknowledgment of services rendered is measured in conformity with the phase of completion. The undermentioned conditions must be satisfied. The gross can be measured faithfully. The economic benefit of the dealing will likely flux to the supplier. The completion phase can be measured faithfully at the coverage day of the month. The costs incurred and the cost to finish can be measured faithfully. When these conditions are non met, the gross should be restricted to recoverable merely and the remainder should reflect as unrecoverable debts or commissariats for unrecoverable debts in the fiscal statements.Interest, Royalties and DividendsGross received from these beginnings should merely be recognised when they have been measured accurately and the reception from it is likely. gross should be recognised as follows. Interest should be estimated on a clip apportion footing where necessary, taking into history the effectual output of the plus. Royalties are accrued in conformity with the relevant contract. Dividends are recognised when they are declared and when the stockholder # s right to have payment is established.Examples in using gross acknowledgment through a series of mini instance surveiesExample 1On 1st October in the current twelvemonth, a private tuition supplier enrols a pupil on a six-month class. Lectures are held on a regular basis every hebdomad over the whole six-month period. The tuition fees are $ 6000 and one time paid is non-refundable. All books and stuff have to be purchased individually. The pupil pays a first episode of $ 3000 prior to the beginning of the class, and the balance of $ 3000 in six, $ 500 monthly episodes. The tuition supplier has a fiscal year-end of 31 December and proposes to recognize gross in the fiscal statements on a hard currency reception footing. At the twelvemonth terminal, the three monthly episode due have been received.Required:Tuition supplier should be advised on the right accounting intervention for this dealing.Answer to Example 1At 31 December, it is necessary to find how much gross is to be recognised in regard of the proviso of tuition, i.e. in the sale of a service. The proposal is to recognize gross of $ 4500, this being the hard currency received. This is incorrect. The measuring of net income, and therefore the acknowledgment of gross, has to take some history of the duplicate procedure. At the twelvemonth terminal, precisely one half of the class has been delivered. Consequently, one half of the gross can be recognised, i.e gross revenues should be $ 3000. While there are some staged payments, i.e. there is component of deferred consideration, these are paid over a affair of months instead than old ages. The clip value of money is consequently non regarded as stuff over this period, and so it is non necessary to dismiss the consideration received to get at the just value of the consideration. The $ 1500 received, but non yet recognised as gross at the coverage day of the month, is to be non-refundable there is, in fact, an duty to finish the contract. As deferred income, it is included n the statement of fiscal place / balance sheet as a liability instead than as equity. The original proposed intervention anticipated gross and therefore exaggerated net income in the short term. The right intervention can be summarised as follows: Dr Cash 4500 ( Bing the reception of hard currency ) Cr Revenue / Gross saless 3000 ( Bing the gross earned being recognised ) Cr Deferred income 1500 ( Bing the monies received in progress of the bringing of the services )Example 2On 1 November 2000, a auto retail merchant agreed to sell a motor vehicle for $ 20000. At the clip, the client negotiated a three-year free service understanding as portion of the dealing. This service understanding is usually sold for $ 1000. Besides, on 1st November 2000, the client paid a non-refundable sedimentation of $ 2000. A farther $ 10000 is collectible three months subsequently on 1st February 2001. The client has been taken advantage of a free offer and will pay the balance of the $ 8000 on 1st February 2003. Delivery of the auto to the client will take topographic point on 1st February 2001. The auto retail merchant has a fiscal twelvemonth terminal of 31 December and proposes to recognize the sale of the auto at $ 20000 in the fiscal histories for the current twelvemonth.Required:Rede the auto retail merchant on the right accounting intervention for, this dealing.Answer to illustration 2Fir st let us see the timing of the transaction- when the gross revenues take topographic point. this dealing is for gross revenues of goods, and we should find when the hazards and wagess of the ownership have left the retail merchant. The timing if the sale is, hence, 1st February 2001, as this is when the client takes ownership of the auto and the public presentation of the sale contract is, in consequence, well completed. No gross can be recognised in the current accounting period. The auto retail merchant has received $ 2000 in the current period. This has been banked ( Dr Cash ) and is to be regarded as deferred income ( Cr Deferred Income ) as, at the coverage day of the month of 31st December 2000, there has been no public presentation of the contract. While the sedimentation is said to be non-refundable, the auto trader does non hold an duty to finish the contract. Consequently, deferred income is included in the statement of the fiscal place / balance sheet as ability instead than as equity. There is besides a demand to see how to mensurate the gross generated from the ultimate sale of the auto. Two issues arise here. First there are two transactions- the sale of the auto and the sale of the three twelvemonth service understanding. This is because, in substance, the service understanding has non been given away for free, and the gross from that ( $ 1000 ) should be acknowledged individually and so recognised over the three old ages. Second, the deferral consideration of $ 8000 that will be two old ages after the sale, should be measured at just value by being discounted at the present value to reflect the clip value of money. All of this could be summarised up in diaries as follows- if we assume a price reduction rate 10 % for mensurating the clip value of money.1st November 2000Dr Cash 2000 ( Bing the reception of hard currency ) Cr Deferred Income 2000 ( Bing monies received in progress of the sale being recognised and so deferred income )1st February 2001Dr Deferred Income 2000 ( To unclutter out the brought forward deferred income history ) Dr Cash 10000 ( Bing the reception of hard currency ) Dr Receivable 6612 ( Measured at present value with a price reduction rate of say 10 % [ 8000/1.12 ] ) Cr Deferred Income 1000 ( In regard of the monies received in progress for the three-year service understanding ) Cr Sales/Revenue 17612 ( Gross in regard of the auto reconciliation figure )Example 3On 1st December in the current twelvemonth, an cyberspace travel agent accepts a payment by recognition card of $ 1000 in regard of a hotel engagement for the undermentioned February. The travel agent confirms the engagement and issues the client with an appropriate reception. In due class, the cyberspace travel agent will pay $ 900 to the hotel. Having received $ 100 from the client ( Dr Cash $ 1000 ) , the cyberspace travel agent proposes to instantly recognize $ 1000 as gross in the current twelvemonth ( Dr Gross saless $ 1000 ) . It will so enter the liability to pay the hotel ( Cr liability $ 900 ) and complete the dual entry by posting this as an disbursal ( Dr Expense $ 900 ) , the cyberspace travel agent has a fiscal twelvemonth terminal of 31st December.Required:Rede the cyberspace travel agent on the right accounting intervention for this dealing.Answer to illustration 3It appears that the cyberspace travel agent has so acted as merely an agent and non as a principal. All it has done is to supply an debut. It has non really been responsible for the proviso of a bed for dark. The gross that it should recognize, hence, should be confined to the committee that is due. This is merely $ 100. This earned on 1st December and can be recognised as a liability. When you can reason that the proposed accounting intervention does non, in fact, really overstate net income, it is still misdirecting as it would give the insouciant reader an feeling that the degrees of activity in the company were higher than they really are. To sum up in journal signifier, the right intervention is ; Dr Cash 1000 ( Bing the banking of the hard currency received ) Cr Revenue/Sales 100 ( Bing the committee earned as an agent ) Cr Hotel Creditor 900 ( Bing the liability to pay money over to the hotel )Specific state of affairssBill and keep agreementsIt is referred to the contract for the supply of goods, where the purchaser accepts rubric to the goods but does non take physical bringing of the point until a ulterior day of the month. Provided the goods are available for bringing, the purchaser gives expressed instructions to detain bringing and there are no changes to the footings on which the marketer usually trades with the purchaser, gross should recognize when the purchaser accepts rubric.Payments for goods in progress ( e.g. sedimentations )Gross should be recognised when the bringing of the goods to the purchaser takes topographic point. Until so, any payments in progress should handle as liabilities.Payments for goods by episodesGross is recognised when the important hazards and wagess of the ownership have been transferred, which is normally when the bringing is made. If the consequence of the clip value of money is mat erial, the sale monetary value should be discounted to its present value.Sale or returnSometimes goods are delivered to the client but the client can return within a certain clip period. Gross is usually recognised when the goods are delivered. Gross should so be reduced by an estimation of the return. In most instances a marketer can gauge return from the past experience. For illustration, a retail merchant would cognize on mean what per centum of goods are returned after a twelvemonth terminal and could set gross by the sum of expected returns.Presentation of gross as a principal or as agentThe chief supplies the goods or services on its ain history, while the agent receive a fee or committee for set uping proviso of goods and services by the principal. The principal is exposed to the hazard and wagess of the dealing and therefore records gross as gross sum receivable. The agent merely records the committee receivable on the dealing as gross. An illustration would be a decorative agent who earns committee on the figure of decorative sold. The agent owns no stock list, so is non exposed to obsolescence and therefore could merely enter committee as its gross. The decorative is exposed to the stock list obsolescence and merc handising monetary value alterations, so would enter the gross sum of the sale as gross.Separation and linking of contractual agreementsSometimes concern provide a figure of goods and services to client as a bundle. For illustration, a client might buy package together with regular ascents for one twelvemonth. The job here is whether the sale is one dealing or two separate minutess. A ‘Package ‘ such as this can merely be treated as more than one separate dealing, if each merchandise or service is capable of being sold independently and if a dependable just value can be assigned to each separate constituent. Using the illustration above, if support service is an optional supernumerary and the package can be operated without it, the sale is two ( or more ) separate minutess. If the sale is one dealing and the sum of gross recognised depends on the extent to which the marketer has performed at the coverage day of the month.Disclosure demand of IAS-18Harmonizing to IAS-18 an entity should unwrap: Its accounting policies for gross including the methods adopted to find the phase of completion of service dealing. The sum of each important class of gross recognised during the period. The sum if gross originating from exchange of goods and servicesAssetss and liability theoretical account for gross acknowledgmentThe gross recognised demands in IAS-18 focal point on the happening of the critical events instead than alterations in assets and liabilities. Some believe that this attack leads to debits and credits that do non run into the meet the definition of assets and liabilities being recognised in the statement of the fiscal place. The International Financial Reporting Standard Board has developed two attacks to implement the plus and liability theoretical account: The far value ( measuring ) theoretical account, in which public presentation duty are ab initio measured at just value. The client consideration theoretical account, in which public presentation duty are ab initio measured by apportioning the client consideration sum. It is likely that neither of these will be the concluding theoretical account and the concluding criterion is expected to be drawn from both of them.Failings under IAS-18A practical failing of IAS-18 is that ir gives deficient counsel on contract that provides more than one goods or services to the client. It is ill-defined when the contracts should be divided into constituents and how much gross should be attributable to each constituent. IFRS ( International Financial Reporting Standard Board ) often receives petitions for counsel on the application of IAS-18. Since IAS-18 was originally issued, concerns and dealing have become much more complex. For illustration, computing machine companies often enter into swap minutess. Minutess may include options, for illustration, to purchase portions or to return goods within a specified clip. Some entities have exploited the failings in IAS-18 in order to unnaturally heighten gross ( a practical sometimes called aggressive net incomes direction ) . For illustration, some package companies recognise gross revenues when order are made, good before it is Reasonably certain that hard currency will be received. The chief issue is one of timing. At what point in a dealing should an entity recognise gross? Three inquiries can be helpful in covering with an unusual dealing or state of affairs: When is the ‘critical event ‘ ? This is the point at which most or all of the uncertainness environing a dealing is removed. Has the marketer really performed? Transaction that gives rise to the gross are lawfully contractual agreements, irrespective of whether a formal contract exists. Gross can merely be recognised when an entity has performed its duties under the contract. For illustration, an entity can non recognize gross at the clip that it receives payment in progress. Has the dealing increased the entity ‘s net assets/equity? For illustration, when an entity makes a sale, its assets addition, because it has receivable ( entree to future economic benefits in the signifier of hard currency ) . Therefore it recognises a addition. This is one of the chief principal in the standard model.Current Developments in Revenue RecognitionThe board of International Financial Reporting Standard have been doing steady advancement since July 2010 to re-deliberate the proposed counsel and have finalized their re-liberations on cardinal gross measuring and acknowledgment issues. Some of the more important determinations to day of the month include: Clarifying when public presentation duties are distinguishable. Confirming that offers to supply goods or services that the client can supply to its client are public presentation duties. Clarifying the standards for when public presentation duties are satisfied over clip. Retaining the proposals associating to the usage of a residuary attack to gauge the standalone merchandising monetary value of a public presentation duty. Removing the demand to measure burdensome public presentation duties. Retaining the demand to account for clip value of money in contracts with a important funding constituent. Clarifying the aim of the restraint on acknowledging gross from variable consideration taking the exclusion for licences of rational belongings where payments vary based on the client ‘s subsequent gross revenues ( for illustration, sales-based royalties ) . Retaining the demand to capitalise contract acquisition costs if they are incremental and recoverable. Confirming collectability is non a threshold for gross acknowledgment and holding that initial and subsequent damages of client receivables should be presented as a separate disbursal point in the statement of comprehensive income. Agring that a licence is either a promise to supply a right which transportations at a point in clip or a promise to supply entree to rational belongings which transfers benefits to the client over clip ; and Deciding on revelations, passage, and effectual day of the month for public companies and non-public companies. The International Financial Reporting Standard substantively concluded re-deliberations of their joint 2011 exposure bill of exchange, Revenue from Contracts with Customers, in February 2013. The boards reached determinations on the staying cardinal issues including revelations, passage, and effectual day of the month at their most recent meetings. The boards ‘ timeline indicates the concluding criterion is expected in the 2nd one-fourth of 2013. The criterion will be effectual for the first interim period within one-year coverage periods get downing on or after January 1, 2017. Entities will hold the option to use the concluding criterion retrospectively or utilize a simplified passage method. An entity will non repeat prior periods if it uses the simplified method. Detailss of these determinations, every bit good as a comprehensive expression at the theoretical account at the terminal of the cardinal re-deliberations, are included in this Data line. Any staying â€Å" sweep † or new issues identified by the boards will be discussed at future board meetings, as needed.

Environmental Factors

Environmental Factors Heidi Wallen HSM/220 March 21, 2013 Environmental Factors The four external environmental factors are: economic factors, sociological factors, technological factors, and political and professional factors. The six internal factors are: organizational purpose, mission, and philosophy, Organizational planning, Organizational operations, Human resources, Technological resources, financial resources.Economic factors including knowing what financial resources the company has and where funding is coming from weather it is government funds, donated funds, fees for service, or other agency income. Sociological factors include understanding community demographic both in terms of client and community. Understand the makeup in terms of income, education, gender, age, and other demographic factors. Technological factors for human service agencies can understand how to use the equipment such as computer hardware and software as well as new treatment approaches.Political/prof essional factors include knowing laws and regulations from federal, state and local levels as well as a political climate, or the attitudes of community and local leaders and the general public towards the services provided. Professional factors in human services include being aware of licensing and certification standards; and staying in good working relations with these agencies. When looking at all four of the factors it is heard to say what would be the most important.They all have good value, but if I had to I would say that Sociological factors seem to be very important. One needs to know the people that you are going to help each and every day. To make sure that you are able to give them the help that they may need. Organizational Purpose is to have the understanding of a mission statement and a vision that is intended to provide the logic and the organizing theme . human service agency believes in what it hopes to achieve and what services they will provide to achieve its mi ssion and the vision, goals that were set.Organizational planning is having a strategy and plan to identify were the organization ideally would like to be in a time frame such as five or more years. This takes some brainstorming and looking at available data so they are able to project future needs. Organizational Operations requires regular review and examination of the programs and services offered to make sure that performance is measuring up to expectations. Human Resources refer to the many functions that are involved in the supervision and management of the organization’s employees and volunteers.Staff requires a working knowledge of human resources law. Technological Resources can include support and consulting services, computer resources, financial management expertise, marketing and public relations expertise, and other technologies that may be used to support the work of the organization. Financial Resources requires a careful examination of budget documents to det ermine where the funding is coming from and what obligations the agency assumes in accepting funding from each of the various sources.