Auditing Assignment Example | Topics and Well Written Essays - 1000 words

Auditing - Assignment Example There are many factors reported in the profit and loss account that have affected the company's profit. The most prominent of them being increasing cost of sales and interest expenses. The major trends and tendencies in the company's financial position and performance for the current year as indicated by Adios Ltd's financial statements can be assessed with the help of the following factors: The company's balance sheet shows that the company has enhanced its investment in tangible asset by 84% whereas the investment in the intangible assets of the company has been reduced by 80%. But overall as compared to the previous year, the company's investment in total assets has been increased. Working capital is the capital, which remains with the company after accounting for all the current liabilities of the company out of its current assets. This capital is required by every company to meet its short-term obligations or liabilities without any hassles, whenever a need arises. Working capital can be obtained by subtracting a company's current liabilities from its current assets. The Adios Ltd's total current liabilities are about 25% of its total current assets, which shows a good working capital position for the company. The company's fiIncreased Long-term Borrowings The company's financial statements indicate that the company's long-term debts and borrowing has been increased to a great extent. As compared to the previous year, the company's long-term debts have been increased by about 7 times. Consequently, the company's interest expense has also been 6 times more than that of the previous year. Increased Sales According to the Adios Ltd's profit and loss account, the company's total sales are increased by 11.46% as compared to the previous year. Simultaneously, the company's cost of sales has also increased by 55%, which has resulted into a decline in the company's gross profit margin. Adios Ltd's gross profit margin was about 55% in the year 2004, which has decreased to 23% in 2005 despite of an increase in company's sales. Decreased Profit The company's profit margin for the year 2005 has declined by 30% as compared to that of the year 2004. Company has shown many factors responsible for this in the financial statements. The most prominent of which being the increasing cost of sales and increasing interest expense resulting from an increasing trend in the company's long-term debts and borrowings. INFORMATION IMPORTANT TO BE ASKED BY AN AUDITOR An auditor needs to obtain the following information from the company's management in order to gain a better insight of company's financi

Output Device Essay Example for Free

Output Device Essay What are OUTPUT DEVICES? Output devices are hardware devices that display or present information to the user or other people. The monitor, printer and the speaker are one of the examples. PRINTER It is a computer device that produces a permanent copy on paper of information from the computer. There are several kinds of printers: ink jet, dot-matrix and laser jet printers. DOT MATRIX PRINTER Prints by hammering or striking an ink-soaked cloth ribbon against a paper. The advantage of this kind of printer is that it can easily create carbon copies because of the impact action of the printing process. The cost per page of printing is relatively cheap. INK JET PRINTER The ink comes form a cartridge of liquid ink and this printer is simply black and white or in full color. LASER JET PRINTER It produces high quality prints or graphics on paper. Color and black and white printing is available. It is based on the principle of electrostatic printing and photography wherein the source of ink is a toner. PLOTTER It comes in 2 types: pen plotter and electrostatic. Pen plotter is a vector graphics printing device which operates by moving a pen over the surface of paper. It is usually used for large printing requirements of CAD drawings of houses, buildings, cars, airplanes and others. It is also used for vinyl and plastic used for billions and posters. THERMAL PRINTERS Produce prints on thermal paper by selective heating wherein heated areas turn black creating an image. It is mostly used in groceries and department stores. They print faster and quieter than dot matrix. HEADPHONE It is a small speaker with a way to hold them close to the ears of the user. The headphone allows the user to listen music and sounds all alone. DATA PROJECTOR It displays computer information on big screen so that many will able to see the show.

Tissue types Essays -- essays research papers

Biology Assignment 1. Tissue types and their properties! Body tissues! The four core types of tissues in the body are; epithelial, connective, muscle and nervous. Each is designed for specific functions. Epithelial Tissues! Epithelial tissues are spread out all over the body. They cover all surfaces and also line body cavities and hollow organs. These tissues are also the major tissue in glands. Epithelial tissues have many functions including secretion, protection, excretion, diffusion, absorption, filtration and sensory reception. Epithelial tissues have one surface free which is not connected to other cells; this is because the epithelial cells form linings and surfaces. The opposite side of the tissue is attached to connective tissue. Between these two surfaces are cells packed tightly together. The shapes that the epithelial cells may be are: - sqaumous, cubodial or columnar they can also be arranged in either singular or multiple layers. Simple cuboidal – found in glandular tissue and kidney tubules. Simple columnar – line stomach and intestines. Pseudostratified columnar – lines some of the respiratory tract and some of the male reproductive tract. Muscle Tissue. Muscle tissues include cells which boast the ability to shorten or contract to permit body parts to move. This type of cellular tissue also has a vast supply of blood vessels. Like the epithelial tissue the muscle tissue is also surrounded by connective tissue. Muscle tissue contains con...

Political Institutions Essay

Political institutions have been around since nearly all human societies were organized tribally. Over time they have developed into various organizational features and eventually taken the shape they do today. They have proven to be fundamental in virtually all societies worldwide and by being so omnipresent we often take these institutions for granted and do not realize how vital they are for our society. Moreover, because they are so important and play such a big part in our society, there is a major purpose to compare them between time and place. Therefore, this paper will first elaborate on explanations for political institutions and through that process come up with a working definition. Furthermore, it will explain why political institutions play such a major role in our society, and lastly it will argue for why we should compare these institutions. There are countless definitions of political institutions making the term somewhat vague (Klingemann & Goodin, 1996; Peters & Pierre, 1998). It refers not only to formal political organizations such as political parties and parliament, but also to informal constraints such as customs, ideals, guidelines and actions (Peters & Pierre, 1998; North 1990). In addition, Wiens (2012) emphasizes that these formal and informal rules establish and stabilize roles. Moreover, although there is no consensus amongst theorists of what makes an institution political (Garret & Lange, 1995), Max Weber (cited in Gerth & Mills, 1946) and Moe (2005) argue that an institution is political if it influences the distribution of power. As a result, for the purpose of this essay I will combine these scholars’ explanations to create a working definition. Political institutions are sets of formal and informal rules that influence the distribution of power, create roles and by combinations of standards, ethics, instructions and procedures stabilize interaction for occupants of those roles (Wiens, 2012; Peters & Pierre, 1998; North, 1990; Gerth & Mills, 1946; Hall, 1986). Thus for being so ubiquitous, political institutions have profound ramifications for politics and for society at large. Political institutions have been developed by human beings throughout history to generate order and diminish insecurity (North, 1991) One of the main explanations to why they create order is because by influencing the way entities interact in politics, these political institutions significantly affect the potentials for individuals and groups to resolve collective problems and identify shared interest (Weir, 1992; Moe, 2005; Johnson, 2001). One apparent example is how parties create political alliances and in some cases governmental coalitions. Therefore, political institutions are vital as they stabilize and structure interactions (Hall 1986; Przeworski, 2004), and by being forces of stability also offer predictability (Hague & Harrop, 2010). Furthermore, Moe (2005) claims that political institutions essentially exist and are significant because they make people better off. Whereas North (1981; 1990) and Minier (2001) do not fully share this opinion and rather contend that in order to benefit everyone in society and also for the economy to grow rulers have to adopt the correct political institutions. Thus, in order to find what the â€Å"correct† political institutions might be, there is an intrinsic motivation to compare these between time and place. To be able to comprehend the bigger picture of political power it is crucial to understand how political institutions work and in order to develop deeper knowledge about those it is vital to compare them (Beck et al, 2001). Moreover, without comparing there is not much to acquire from a mere description (Pennings, Keman & Kleinnijenhuis, 2005). In other words, returning back to North’s argument, one can hardly know which political institutions that are â€Å"correct† in bringing benefits to everyone by merely observing just one institution. Therefore, a vital reason to compare is to look for useful ideas and to see which political institutions might be good and bad at achieving specific political goals and see if these various institutions can survive in different political settings (Przeworski, 2004; Nikandrov, 1989). In addition, by seeing similarity in difference and difference in similarity and linking ideas and theory to evidence we can gain greater insight and be more aware of alternatives (Friedman, 2011). However, some scholars point to the dangers of comparison (see Faure, 1994; Radhakrishnan, 2009) and it is important to acknowledge those risks. Nevertheless, as Friedman (2011) explains: â€Å"For all the problems and dangers of comparison, in the end it is worse not to compare than to compare† (p. 756). To summarize, first of all political institutions are sets of formal and informal rules that have since the early ages of man stabilized and shaped interactions and outcomes by establishing roles and affecting power relations. Secondly, political institutions are important because they structure individuals and groups to overcome self-interest and rather cooperate for mutual gain. Furthermore, they create order and by offering predictability they reduce insecurity. In addition, arguably, political institutions can benefit everyone in the society and support in economic growth. Thirdly, we should compare political institutions to learn about valuable ideas, be mindful about possibilities and to see how similar and different institutions functions in various contexts. Lastly, we should compare to get a wider and enhanced understanding of how political institutions function and thus also enables us to further comprehend the mechanics of political power. REFERENCE LIST: Beck, T. , Clarke, G. , Groff, A. , Keefer, P. , & Walsh, P. (2001). New tools in comparative political economy: The database of political institutions. World Bank Economic Review, 15(1), 165-176. Faure, A. M. (1994). Some methodological problems in comparative politics. Journal of Theoretical Politics, 6(3), 307-322. Friedman, S. S. (2011). Why not compare? Publications of the Modern Language Association of America, 126(3), 753-762. Garret, G. , & Lange, P. (1995). Internationalization, institutions, and political change. International Organization, 49(4), 627-655. Gerth, H. H. , & Mills. C. W. (1946). From Max Weber: Essays in sociology. New York, United States: Oxford University Press. Hague, R. , & Harrop, M. (2010). Comparative government and politics: An introduction (8th ed). New York, United States: Palgrave Macmillan. Hall, P. A. (1986). Governing the economy: The politics of state intervention in Britain and France. Cambridge, UK: Polity Press. Klingemann, H. , & Goodin, R. E. (1996). A new handbook of political science. Oxford, UK: Oxford University Press. Johnson, J. (2001). Path contingency in postcommunist transformations. Comparative Politics 33(3) 253-274. Minier, J. (2001). Political institutions and economic growth. Philosophy & Technology, 13(4), 85-93. Moe, T. M. (2005). Power and political institutions. Perspectives on Politics, 3(2), 215-233. Nikandrov, N. D. (1989). Cross-national attraction in education. Comparative Education, 25(3), 275-282. North, D. C. (1981). Structure and change in economic history. New York, United States: Aldine-Atherton. North, D. C. (1990). Institutions, institutional change, and economic performance. New York, United States: Cambridge University Press. North, D. C. (1991). Institutions. The Journal of Economic Perspectives, 5(1), 97-112. Radhakrishnan, R. (2009) Why compare? New Literary History, 40(3), 453-471. Pennings, P. , Kleman H. , & Kleinnijenhuis, J. (2005). Doing research in political science. London, UK: Sage Publications Ltd. Peters, B. G. , & Pierre, J. (1998). Institutions and time: Problems of conceptualization and explanation. Journal of Public Administration Research and Theory, 8(4), 565-583. Przeworski, A. (2004). Institutions matter? Government and Opposition, 39(4), 527-540. Weir, M. (1992). Politics and jobs: The boundaries of employment policy in the United States. Princeton, United States: Princeton University Press. Wiens, D. (2012). Prescribing institutions without ideal theory. Journal of Political Philosophy, 20(1), 45-70.

Colorism: Black People and Skin Color

Growing up as a youth being in an interracial family, I always experienced prejudice whether it was inside my home or out on the street. My father was an African-American, his family was accepting but all could see that they praised the fact that my skin was 5-6 shades lighter than that of my other cousins. This of course caused unresolved issues, issues that couldn’t and wouldn’t be talked about among us as children, but later on became deep conversation filled with tears and understanding because we were finally able to get from under the stigma that our parents were engulfed in because their parents had subjected them to the same treatment. While on the other hand, my mother’s side of the family is Irish, German, and Indian. They despised the fact that my father was an African-American man. I would hear my mother’s mother talk badly of my father. She even went as far as not to allow my father in her home. She was the hardest on me out of all the grand children when it came to disciplining us, because my father’s skin tone was that of a black man. They also tended to favor my mother’s eldest daughter because her father wasn’t an African-American. As a child growing up I experienced both positive and negative feedback for my skin color. But I must say that it was about 85% positive when not in the presence of my mother’s mother. Note I don’t say grandmother because she was hardly ever a grandmother toward s me, just because my skin color was that of a black girl, while my cousins were mostly fair skinned. Colorism in the United States is a stigma that won’t get lifted because of what slavery has embedded in the minds of African-Americans. According to wikipedia. com, Colorism is defined as a â€Å"Black-on-Black racism, based on skin-tone. † The discrimination is based on the idea that a person's worth is directly related to the color of his or her skin, valuing lighter tones over darker tones. It's commonly known that Colorism plagued the Black community after slavery and through the early to mid-twentieth century. In the early 1900's, many black organizations, including colleges, practiced the â€Å"brown paper bag test† when accepting new members. If a person's skin was not lighter than a brown paper bag, they would be denied admittance. Though the brown paper bag test is out of date and frowned upon as a shameful moment in African-American history, the ideals behind the practice still lingers in the African-American community. Modern-day Colorism rears its ugly head in the day to day lives of African-Americans every day. This issue has affected every hue or shade of blackness within the African-American community. In â€Å"The Color Complex† by Midge Wilson, Wilson addresses the issue by tracing the origin of Colorism, â€Å"To trace the origins of the color complex, we must return to the year 1607 when three ships sailed in Chesapeake Bay, stopping at Jamestown, Virginia, to establish the first English colony in the New World†¦.. It was a new land and a new era filled with possibilities. What might have been unthinkable in Europe and Africa was an everyday occurrence in the wilderness. Miscegenation, or race mixing, became widespread as Europeans, Africans, and Native Americans mixed their seed and substance to produce a kaleidoscope of skin tones and features. But these primary race groupings differed sharply in their civil liberties and political freedoms. Subtle variations in appearance took on enormous consequence in meaning, especially among Negros,† (Wilson, pg. 9). With the emphasis of color being placed in the forefront of the black community, blacks have let this issue set the stage for ignorance for over four hundred years. The effects of these actions have trickled down into some of the most prominent black organizations that define our community and our blackness, such as the NAACP, Jack and Jill, Alpha Kappa Alpha Sorority, Kappa Alpha Psi Fraternity, Alpha Phi Alpha Fraternity, and etc. It is no secret that these types of organizations were created in order to create a faux safe haven for the wealth of the light-skinned mulattos. In the early years these organizations were called Blue Vein societies, because in order to quote â€Å"belong,† the test of how light you were was could you see your blue veins through your skin? And if they could, you were in. Works Cited â€Å"Colorism. † Wikipedia, The Free Encyclopedia. 1 Nov 2009, 22:52 UTC. 2 Nov 2009 . Wilson, Midge, Russell Kathy. The Color Complex: The Politics of Skin Color Among African Americans. New York: Harcourt Publishers, 1992.