Financial Accounting Week 12 Course Project Assignment

Financial Accounting Week 12 Course Project - Assignment Example Only the operating sections deals with direct and indirect cash flows. To compare the income statement and the operations section, one needs to point out the difference in timing existing between the cash and income collections (Pratt, 2000). The comparison also highlights the timing difference between the cash payment and expenses. Large gap might show that the company is aggressive to recognize income, or the organization is spending a lot of money to maintain or buy assets, a fact that is not common in income statement. In direct method, the cash flows are listed in the operation part of cash flow statement. Cash flows arise due to transaction from client collection and cash payments made to employees, suppliers, and other. The section also records the cash payments for interest and income tax. The problem of using the direct method is that the organization fails to keep the information in the appropriate manner. For instance, organizations that use the accrual accounting lump the credit and cash sales together (Kimmel, Weygandt & Kieso, 2011). They make special provision in tracking their cash sales separately. Direct method is not commonly used in companies compared to indirect method. The direct method adds the cash flows inside and outside the business in every operations areas; financing, operations, and investment. The method is easy to understand but it does not help much, it only tells the customer what he already knows. The direct method is normally used in commonwealth countries. Conversely, in indirect methods, one needs to adjust the net income to change it to cash basis from accrual basis. The method is common and begins with the net profit and then changes accordingly the non-cash items balance, balance sheet items, and accounts receivables. The method is helpful to the customer when used together with the balance sheet and the income statement. They also need one to add again the non-cash expenses like amortization, depreciation, loss

Analyze color developments in 17th-century Flemish and French Research Paper

Analyze color developments in 17th-century Flemish and French tapestry, focusing on Rubens, Jacob Jordaens, Simon Vouet and Mich - Research Paper Example There has been an extensive list of tapestries as well as tapestry workers with all the precisions and details that are required with regards to the subjects (Delmarcel, 1999). During the late 16th Century the Flemish painting was very much influenced by the Italian Renaissance. Most of the Flemish painters were influenced by this and thus there emerged the adoption of the Italian baroque in the French baroque in the 17th Century. The Flemish baroque flourished especially through the hands of great painters such as Rubens and Jacob Jordaens. Most of the tapestry which were mainly expressed the same way as paintings took the centre stage in this era. Tapestry is referred to as a type of work that involves coloured threads that are intertwined on lines that are stretched horizontally or vertically to form a substance, a web and also produce a combination of lines as well as tones that are similar to those derived from a painter with his brush. Woven tapestry is regarded as one of the b est forms of art expression that is known in the world. In the Middle Ages period tapestries were known to have a utilitarian function (Delmarcel, 1999). The main aim for their development was to be able to protect the medieval rooms against cold weather and damp, to insulate big rooms so that they could be comfortable quarters or to cover the austere walls of the big castles. Tapestry with regards to France is one of those traditions that have made a great contribution towards the beauty of the French heritage. In the 17th Century tapestry in France led to the formation of the Gobelins factory during the reign of King Louis the fourteenth. The factory which was based in Paris employed up to about 800 artisans who were majoring in the production of tapestries meant for the royal courts. Tapestry weaving has been established over the years among various cultures. The ancient Incas and the Egyptians buried the dead using tapestry woven clothing. The civic buildings of the Greeks had t heir walls covered in tapestry too. However, it is the French based medieval weaver who brought up the craft (Harris, 2005). The medieval weavers were able to extract their dyes from insects and plants within a range of close to twenty colours. For instance red colour originated from madder, pomegranates or poppies and blue was produced by woad. The medieval weaver based their work on sketches that they used from their imagination as well as humour. With regards to the Flemish and French tapestry the focus of this paper is going to analyse the colour development in the 17th Century with focus on Jacob Jordaens, Rubens, Michel Corneille as well as Simon Vouet. It is goes with no doubt that the history of past art was reliant on the use of colour. We are only left to imagine and picture the extraordinary concept that was adapted by the renaissance and mediaeval palaces and churches with the use of the tapestries and wall paintings (Harris, 2005). History of colour in the Flemish and F rench tapestry among other forms of art is partial due to the fact that a lot of the artwork and the colour in the art has survived or perished but only in a changed form. Colour in art is regarded to as an element of art which is produced when there is presence of a light striking on an object and then it is reflected back to the eyes. There are three aspects of colour that were used to describe the French tapestry which were designed in the 17th Centur

On Socrates argument in The Crito is actually an argument developed by Essay

On Socrates argument in The Crito is actually an argument developed by each PHI 101 student that explicates and evaluates Socrates argument in The Crito. S - Essay Example More importantly, Socrates emphasized in his argument against Crito that he had to follow the law. The first premise of the argument of Socrates is, â€Å"If a citizen actively or tacitly accepts the benefits of the States Laws, then that citizen agrees to abide by all those Laws.† The second premise is, â€Å"Socrates actively accepted the benefits of the States Laws. The conclusion is, â€Å"Therefore, Socrates must obey the Laws and command to drink hemlock rather than flee Athens.† Although Socrates’ argument sounds theoretically possible, the problems with the two premises as well as his faulty answers to Crito’s suggestions somehow makes the whole argument unsound. Socrates’ case was that of a certain death penalty through drinking of the hemlock. Crito arrived in prison in Athens in order to convince Socrates to escape for that was obviously and logically his only chance to escape. Crito offers him four reasons to escape. First, he offered him a bribe of money. Second, he told him that it was Socrates’ friends desire to help him. Third, Crito said that Socrates’ survival would benefit the majority. Lastly, Crito emphasized the idea of the importance of posterity to Socrates. Nevertheless, Socrates refused for the fact that none of these four ideas mean the good and upright life that Socrates has been trying to emphasize. According to Socrates, â€Å"†¦the most important thing is not life, but the good life† (Crito 48b, 51). The basis of this good and morally upright life is the good life that would result if Socrates did not disobey the laws of Athens, which now makes up the essence of his argument. Therefore, for Socrates, the alternative to the evil decision to escape is the morally upright decision to stay and obey the laws of Athens in the name of justice. However, the major premise of Socrates’ argument has flaws of its own. It says, â€Å"If a citizen actively or tacitly accepts the benefits of the

The Nurse-Client Negotiations Model Assignment Example | Topics and Well Written Essays - 1250 words

The Nurse-Client Negotiations Model - Assignment Example I chose this model because it recognizes discrepancies that exist between notions of the nurse and client about health, illness, and treatments. This model attempts to bridge the gap between the scientific perspectives of the nurse and the popular perspectives of the client. Fundamental to understanding this model, one must recognize that most social systems include three structural arena of health care within which sickness is reacted to and experienced. The concept of popular, professional, and folk arenas is used to compare medical systems as cultural systems. Each arena or domain possesses its own model for explaining health and illness (Kleinman, 1978). This arena comprises the family context of sickness and care, including the social network and community perspective. In both Western and non-Western societies, approximately seventy percent to ninety percent of sickness is managed solely within this domain. The nurse-client negotiations model serves as a framework to attend to the culture of the nurse as well as the culture of the client. In addition to the professional culture, each nurse has his or her own personal beliefs and values, which may operate without the nurse being fully aware of them. These beliefs and values may influence nurse's interactions with patients and families. Each arena (sector) in the model can be viewed as a social cultural system with its own values, norms of behavior, beliefs, and ways of explaining health and illness. Explanations of the same phenomena may yield different interpretations based on the cultural perspective of the layperson or the professional. Anderson (1987) provided examples of different perspectives of the same intervention: Putting lightweight bedclothes on a patient may be interpreted by family members as placing their loved one at risk for "getting a chill," whereas the nurse will use this technique to prevent or reduce a fever; a Jeh ovah's Witness family considers a blood transfusion for their child as contamination of the child's body, whereas the nurse and other healthcare team members believe a transfusion is a lifesaving treatment. Important Aspect The important aspect of this model is that it can open lines of communication between the nurse and the patient/family. It helps each understand how the other interprets or values a problem or practice such that they respect one another's goals. Negotiations Negotiation implies a mutual exchange of information between the nurse and client. The nurse should begin negotiation by learning from the client' s about their understanding of their situation, their interpretations of illness and symptoms, the symbolic meaning they attach to an event, and their notions about treatment. Contingency contracting is a form of negotiation used in nursing in which negotiations focus on the values of goods to be forgone and

Importance of Understanding of Marketing to Organizations Essay - 1

Importance of Understanding of Marketing to Organizations - Essay Example This paper illustrates that successful firms adjust their marketing approaches to the changes in the set-up of the environment. Nevertheless, an awareness of the market-place is critical as there is a very little effect if the firm is marketing knowledge remains within its own boundaries. So that information can become useful, it has to be shared in the entire organization. Some of the knowledge may be codified to create a situation where they can be sent through information technology systems. However, tacit knowledge can only be shared through a give and take method which may be developed by participants over time after they understand the intricacies associated with a particular situation. Tacit knowledge allows an organization to apply critical knowledge in operational activities whose outcome is improved efficacy, the creation of value and improved financial performances. For instance, when a sales-person gets more knowledge concerning what an executive requires in a main custom er’s firm, they can utilize this information to better customize the message, create a better solution and increase the chances of amassing revenue. Therefore, this form of knowledge may be used as a source of competitive advantage creating the need to understand the ways in which this form of knowledge may be shared. In order for a business to succeed, the customers must be aware of the product associated with the business. Except if the public is aware of the firm and the firm’s communiquà © with the clients is easily obtainable, the firm has to utilize marketing approaches to develop product awareness. The use of marketing in the promotion of the company’s product provides the business with the opportunity of being discovered by prospective clients. When the prospective clients become aware of the product and the company, the chances that the customers will make purchases increases.

Production Plan for Riordan Manufacturing Essay - 2

Production Plan for Riordan Manufacturing - Essay Example That means that the company aims at [providing the best relationship with the company and that will enhance the client customer relationship. The company believes that relationships that are long term should be sorted by maintenance of a rigorous control that is of a high quality and that should be responsive to the attitude in the execution of the business and the setting of prices that are reasonable. The company also maintains an employee team that is team oriented and innovative in working. The company maintains an innovative team by making sure that it has employees that are properly supported and well informed and the company ensures that the climate that is provided in the working area is focused on viability that is long term. The company has a future that is based on achievement and maintenance of profitability in an attempt to assure that human and financial capital is available so as to encourage growth in the company (Riordan manufacturing.com) The company is a manufacturer of plastics and it employees more than 550 people and it has a projected earnings that is equivalent to $46million. The company is owned by Riordan industries which have a total revenue base that is greater than $ 1 billion. The products that are manufactured by the company include beverage containers that are plastic, customized plastic parts and fan parts that are made of plastic. The company operates 3 entities that are based in Michigan, California and Georgia and a joint venture that is based in china. The operating entities have systems that are independent and they have the following components; The entity that is based in san Josà © is licensed for integration of windows based on ERP manufacturing, financial management and distribution of software application that are designed for processing plastics and assembling of the manufactured products. However, the given license usually does not include the

CVS Pharmacy Improvement Essay Example for Free

CVS Pharmacy Improvement Essay The first â€Å"Consumer Value Store† was opened in Lowell, Massachusetts in 1963. The company grew quickly and by 2002 CVS was one of America’s largest retail drugstores, with over 4,000 outlets and income of $24. 2 billion. As the company got bigger, managers started to worry that pharmacy maneuvers were not carrying out well. Reviews from both customers and employees designated that many localities had severe troubles with customer service. The company’s pharmacy business, however, grew further at an industrial average. This inferred to some people that CVS did not have any serious problems but it actually had. Therefore, to identify the true crisis of pharmacy customer service and to make any required changes, CVS initiated the PSI and staffed it with operations executives and managers. Customer Service Problems: The PSI team started gathering information by evaluating historical data and interviewing existing and past customers. This work verified that CVS had problems in customer service. Besides, customers feel difficult to adjust from one pharmacy to another; deeper analysis revealed that many of the regular customers have switched somewhere else. PSI team showed that about 7. 2 million customers have left which could have paid $2. 5 billion revenue. It has been noticed that different kinds of customers have left due to different types of problems. The PCI team has categorized these former CVS Pharmacy members into two main groups. First, the one who filled an average of five prescriptions per year; they were most likely to complain about the pharmacy’s location. The other group of heavy users, who filled an average of 40 scripts a year, was most likely to leave because of poor service.