Monday, January 27, 2020

Window Dressing Of Financial Account Is Fraudulent Accounting Essay

Window Dressing Of Financial Account Is Fraudulent Accounting Essay According to Wikipedia Online accounting is the art of communicating financial information about a business entity to users such as shareholders and managers. The Law of commerce states that business organisation must objectively record the accounts of the business organisation. These laws also state accounts must be clear and represent a fair and true record of the financial affairs of a business; these laws also put in place regulations on distinct ways in which a business organisation can present their accounts. Corporate management have some discretion in influencing the occurrence, measurement and reporting of these items .In contrast legal means can be adopted by business organisations in order to manipulate their accounts as to paint a different financial picture.  Ã‚  This can simply be referred as window dressing.   According to Your Dictionary window dressing is an adjustment made to a portfolio or financial statement to create a more positive appearance than is actually the case. For example, a manager may decide to provide window dressing to a portfolio by selling stock that has declined in value and replacing it with stock that has increased in value. By doing this the manager creates the impression of a successful portfolio management. In short, WD is a financial statement manipulation or window dressing where frauds are camouflaged by overstating the income or understating the expenses or understating liabilities and overstating assets. Tutor2u see window dressing as a form of accounting involving the manipulation of figures to flatter the financial the financial position of the business. The focus of window dressing: Liquidity hiding a deteriorating liquidity position Profitability massaging profit figures The Importance of Window Dressing To get praise from share holders and potential share holders the account book must be properly percentaed and make good to the general public as observed in the case A.B.B (Asia, Bovia and Brown) Incorporated US this construction firm along side with enron presented to the general public for ten years a positive account balance even though they were in red and their shares and stock were the toast of the US before the bubble. Similarly, window dressing is important to enable the firm to raise present and future capital from the stock market given their positive account balance as in the case of Intercontential bank and oceanic bank respectively in Nigeria who were rated AA+ by international credit rating companies where as they were in the woods. Window dressing is similar to asymmetric information in which a party has better information than the other. To sell a hailing company it must be window dressed otherwise no prospective buyer will come. Also to avoid tax payment a firm may present a poor financial return or position to the general public to technically evade payments of tax. This is achieved by distotinting the balance sheet of the firm. Advantages of Window Dressing The advantages of window dressing is similar to the importance of window dressing in the sense that the firm is able to achieve what its aiming to achieve without running fowl of the law. The penalty for window dressing is mild except where it is not properly done as in the case of Enron where the owner was jailed for more than 36 years even though Enron has achieved what it wanted to achieve. Furthermore it cost less to window dress than taking a loan for business expansion simply because it involves with internal running of the firm. Disadvantages of Window Dressing Examples of window dressing in Indian Companies: 1. Tata Motors transferred 24% stake in Tata Automotive Components (TACO), a company with revenue of $675 in FY07, to Tata Capital, a group company, and booked a profit of Rs 110 crore in Q1 FY09. Management declined to disclose the valuation methodology. Tata Motors also changed its methodology for calculating provisions for doubtful receivables, which resulted in higher reported Ebitda to the extent of Rs 50.7 crore (10% of Ebitda). 2. TCS, the software major, increased its depreciation policy on computers from two years to four years. As a result, Q1 FY09 PBT was higher by an estimated Rs 50 crore (4% of net profit in 1QFY09). TCS followed cash-flow hedge accounting and till FY08, it used to recognise hedging gains on effective hedges in its revenue line, thus boosting the reported revenue growth and Ebit margin. In FY08, TCS had Rs 421crore from hedging gains, of which, Rs 137 crore was included in the revenue line. However, from Q1 FY09, TCS is expected to report all forex losses/gains below the Ebit line in other income. Thus, the losses it had on its hedge position will no longer be booked in the operating line. 3. Jet Airways, changed its depreciation policy from WDV to SLM, and thereby wrote back Rs 920 crore into its PL, which helped the company to report profits during the quarter. It also helped Jet to report a higher net worth, which will help in keeping reported gearing low. 4. Dr Reddys adjusted mark to market losses (Q1 FY08) on outstanding $250 million of hedges in the balance sheet, while PL reflects forex gains realised. 5. Reliance Communications adjusted short-term quarterly fluctuations in foreign exchange rates related to liabilities and borrowings to the carrying cost of fixed assets. The company adjusted Rs 109 crore of realised and Rs 955 crore of unrealised forex losses in the above manner. In addition, the company has not recognised Rs 399 crore of translation losses on FCCBs, since the FCCBs can potentially get converted, although the FCCBs are out of money. Adjusted for all the above, the company would have virtually no profits in Q1 FY09. Bibliography and Reference Stimpson P. (2002), AS and A level Business Studies. Cambridge University press Dave.H, Jones.R .C, Andertain. A, (1993) Business Studies (fourth edition). Pearson Education Edinburgh .

Saturday, January 18, 2020

Johann Sebastian Bach

The Baroque period happened right after the Renaissance, an era best defined by the emergence of unique styles. Baroque literally means â€Å"bizarre†, and this is used to describe architectural designs during that time. Buildings of this design were observed to be highly ornamented and decorated. Later, the term has also been applied to music.This style differs greatly from the Renaissance and the Classical style of music by means of instruments used, amount of experimentation, and techniques utilized in composing and in performing the musical pieces.Musicians of this time experimented greatly on music genres, used different playing styles, evolved and changed a lot of traditional musical notations, improved on the complexity of instruments, and highlighted a point in history where music has changed dramatically. This era was indeed a turning point for music, giving birth to composers destined to be remembered until now. One of these geniuses is Johann Sebastian Bach. Bach wa s born on the 21st of March, 1685 to a well renowned family of musicians.His father was Ambrocious, the court trumpeter for the Duke of Eisenach and a musical director for the town and his mother was Maria Elisabetha Lammerhirt. Many of the Bachs were known for being instrumentalists, church organists, and singers all through out the town. Johann Sebastian Bach, as early as eight years old, begun singing in a choir they and his friends have founded at their school. Prior to this, he has been taught on how to play the violin and the harpsichord by his father and the organ by his uncle. He immediately became proficient with these instruments, particularly the organ.But fate has not been very kind to him, and at an early age, he lost his mother, father, a brother and a sister (Boyd, 1983). These early tragedies did not slow Bach down, and at a young age of 18, Bach started to be known all through out his village and other neighboring towns. He became a regular singer at choirs and a mu ch praised organist at congregations. He traveled to different places, and was hired by different courts as their chief musician and composer. He was able to start a family by marrying Maria Barbara, who gave birth to four children.His wife then died shortly after while Bach was out on a traveling performance. Bach then remarried, this time with Anna Magdalena, who remained faithful in taking care of their children and in copying Bach’s manuscripts. He lived his life well, created a family, and composed hundreds of pieces before lying to rest on July 28, 1750 (Boyd, 1983). The life of Bach can be seen as a flow of history told by his compositions. His famous pieces, usually short scores collected in a book, are manifestations of his life at the current time the music was composed.Take for example his work â€Å"Mass at B Minor†, started at about 1724 and completed at 1749, just a year before his death (Smith, 1996). This is a 4-part piece which depicts Bach’s li fetime devotion to religion. As a student years back, he studied Theology, and even topped his class at a very young age. Another piece Bach is known for is the lengthy â€Å"Brandenburg Concertos† which he completed at around 1721 or earlier. These 6 concertos are dedicated to Christian Ludwig, Margrave of Brandenburg-Schwedt, who was pleasured by Bach’s innate talent for music. Bach used this piece to apply for a position on the Margrave’s court as a musician (Chee).Finally, his work entitled â€Å"The Musical Offering† marks the timeline in his life when he played for the King of Prussia, Frederick II at around 1747. This King’s theme started as an improvised piece by Bach, and later became a full length book used by many of his successors (Rasmussen, 2001). Bach is a very accomplished musician. His life was not always that perfect, in fact he had a lot of pitfalls and severe tragedies such as death of a loved one. But he showed the world that b y having a passion for something like music, one can surpass all trials presented to him.And by dedicating his life to his work, he became a composer-legend the world will never forget. References: Boyd, M. (1983). Bach. Timeline retrieved from http://www. jsbach. org/timeline. html Chee, B. The Brandenburg Concertos. Inkpot Issue 95. Retrieved from http://inkpot. com/classical/bachbrandenburg. html Rasmussen, M. (2001). Bach, Mozart, and the ‘Musical Midwife', The New Federalist, Retrieved from http://www. schillerinstitut. dk/bach. html Smith, A. (1996). Bach’s Mass in B Minor as a Musical Icon. Lecture retrieved from http://jan. ucc. nau. edu/~tas3/musicon. html

Friday, January 10, 2020

How Successfully The Dramatic Device of Disguise is used in ”As You Like It”? Essay

In ‘As You Like It’, the dramatic device of disguise is very important, because of the dramatic opportunities it presents. Shakespeare opens two opportunities: the characters can say what they would otherwise be unable to say, and hear what they would otherwise be unable to hear. The main character who uses disguise is Rosalind, although Celia does too, to a lesser extent. We first see these two characters in Act I Scene 2. In this scene, we find out background information of the characters, for example that Rosalind’s father, the Duke, was banished. We also see Orlando and Rosalind fall in love, after they meet for the first time at the wrestling match in the gardens of the palace. Rosalind gives Orlando her necklace, giving him a sign that she has fallen in love with him. Rosalind: Wear this for me, Rosalind: Sir, you have wrestled well, and overthrown More than your enemies. Orlando also admits to himself that he has fallen in love with her, but gives no indication of such to Rosalind, as he remained silent. Orlando: What passion hangs these weights upon my tongue? I cannot speak to her, yet she urg’d conference. O poor Orlando, thou art overthrown! In Act I Scene 3, Rosalind admits to Celia how much she loves Orlando, and that she is not merely ‘playing’ at falling in love, as they had discussed in the precious scene. Celia’s father, the Duke, then interrupts them, to banish Rosalind. The reasons for his actions are that the people pity Rosalind, because she has lost her father. Also, they admire her â€Å"silence and patience.† So, under the pretence that Rosalind is a traitor, he banishes her, to make Celia â€Å"show more bright and seem more virtuous when she is gone.† However, Celia objects to this, as she loves Rosalind dearly. So, she decides to join Rosalind in her banishment, and that they will go to the forest of Arden, to search for her uncle, Rosalind’s father. They decide to take Touchstone with them, for safety and company. In those times, it was dangerous to travel, especially for rich women. The women realise this, and like Rosalind says â€Å"beauty provoketh thieves sooner than gold†. So, Rosalind decides to disguise herself as a male because she is â€Å"more than common tall†. She decides to call herself Ganymede. Ganymede was a Trojan boy, with whom Jove fell in love with, appointed him cupbearer of the Gods, and became immortal. This name is very appropriate since Ganymede was an effeminate boy, while Rosalind would be a woman dressed as a male. Celia decides to disguise herself as a shepherdess, called Aliena, meaning ‘the stranger.’ This name is also appropriate, as it is representative of the way she will act in the country compared to at court; she will not be used to it. The two names are taken from the book â€Å"Rosalynde†, written in 1590 by Thomas Lodge. This could be intentional, or coincidental. We first see Rosalind in disguise in Act II Scene 4, when she realises that now she is disguised as a man, she has to inherit male qualities and act â€Å"courageous to petticoat†. In this scene, Shakespeare explores the male and female side of Rosalind for the first time. In appearance, she is masculine, able to take responsibility for â€Å"the weaker vessel†. However, inside she is feminine, and needy of the support she gives to Celia. Touchstone also mentions that â€Å"when I was at home, I was in a better place† stimulating thoughts about the divide between the rich and the poor of Shakespeare’s time. In ‘As You Like It’, Shakespeare compares the two societies of that time- the rich and the poor. There wasn’t usually a middleclass. In the life at court, ladies did not work for their living. They usually grew up, and were married at a fairly young age, until they died. However, poor women usually had to help at the house, by cooking, cleaning, etc. and were also usually married off as soon as possible. Further on in the play, in Act III Scene 2 Touchstone also debates the merits of the two different lives with Corin, a shepherd. As we know, Celia and Rosalind come from an upper class, rich, royal families, but have to pretend to be poor, working class people when they go to the forest of Arden. Undoubtedly, they would have made mistakes occasionally, showing their true heritage. This would probably seem comical to the audience, because they found it unusual for the two backgrounds to mix. For example, in Act III Scene 2, when Orlando is speaking with Rosalind, he mentions that ‘her accent is something finer than you could purchase in so removed a dwelling.† Fortunately for her, Rosalind quickly thinks of an excuse, â€Å"an old religious uncle of mine taught me to speak†, which Orlando believes. In this act, the weary travellers purchase a cottage and a flock of sheep from Corin. This quick financial exchange might seem humorous to the audience, as it is very unrealistic and theatrical. The audience can also see that strangers, for example Corin, are fooled by Rosalind’s disguise In Act III Scene Two, Celia teases Rosalind, who wants to find out who wrote the poems about her, and nailed them to trees. She reminds Celia that she is a woman, although she is â€Å"caparisoned like a man†. This might also be a reminder to the audience that Ganymede is female. Finally, when Celia admits that she knows the poet is Orlando, Rosalind, dressed as Ganymede, is distressed. She is distressed because she knows she won’t be able to let him woo her if he thinks she is a man, Ganymede, instead of his love, Rosalind. Rosalind: Alas the day! what shall I do with my doublet and hose? However, she then realises that in a man’s attire, she is able to â€Å"speak to him (Orlando) like a saucy lackey†, which she then does for the rest of the play. She teases him about his love, and says he does not look like â€Å"a man in love.† Throughout this scene, Rosalind’s motive to disguise herself as a man has now changed from practical reasons to personal ones; to find out how much Orlando loves her, and perhaps to educate him, on how to love her. For example, in Act IV Scene 1, when Orlando is an hour late for their meeting, she shows that if he would have done that to Rosalind, â€Å"Cupid hath clapped him o’ the shoulder.† Through her disguise, which she uses to her full advantage, she playfully suggests to him that she will pretend to be Rosalind so he can woo her. This Orlando feels able to do, so he can say what he wanted to say when they first met, in Act I Scene 2, and she can hear what she never expected to hear, because they are not bound by social expectations, as Orlando does not know Ganymede is Rosalind. Their relationship stays fun and lively, because he can be open and honest, and express his emotions, and she can willingly accept his proposals, for example in Act IV Scene 1: Rosalind: But come, now I will be your Rosalind in a more coming-on disposition; and ask me what you will, I will grant it. Orlando: Then love me, Rosalind. Rosalind: Yes, faith, I will, Fridays and Saturdays and all. In the play Shakespeare questions the rigid rules of society’s wooing of that time, since he wrote the play with the idea of a traditional romance; (an archetype) a boy meets a girl, they fall in love, and marry happily ever after after overcoming several obstacles and misunderstandings. However, Shakespeare was forward thinking of his time, letting Rosalind orchestrate the wooing, which was very unconventional. As we can see from Act III Scene 4, Rosalind is a very strong and intelligent character, as she has tricked Orlando into wooing her, even though she is dressed as a man. She is also very witty, a characteristic she only feels able to express properly when she is disguised. She is perhaps the wittiest person in the play, apart from Touchstone, who is a professional comedian, after having been a fool or jester at the court for many years. In Shakespeare’s time, royal men at court showed their wittiness by putting down a fool. He is someone we call a ‘stooge’ nowadays. However, Touchstone’s jokes and puns are less friendly than Rosalind’s, who’s aim is simply to tease or humour people, and not make fun of them, like Touchstone does. Today, Rosalind’s role is a sought-after part, since it is one of Shakespeare’s only good main female characters. The reason for this is that the roles of his time were pre-dominantly male, as there were no female actresses then, and men had to act female parts, which would not have been desirable. This adds humour to the play, from the audience’s perspective, because the players with female roles, e.g. Celia and Rosalind, were young adolescent males. So, Ganymede was a teenage boy, acting a female (Rosalind), dressed up as a man. A particularly humorous moment is when Orlando attempts to kiss Ganymede, for two reasons. One is that the player acting Orlando is attempting to kiss his true love, Rosalind, even though he doesn’t know this. But, from the audience’s point of view, this is also funny since the actor Orlando is attempting to kiss another man. Even now, cross-dressing is found humorous, explaining why people watch cabarets and pantomimes. Further on in the play, in Act III Scene 4, we see Rosalind and Celia alone together. Alone with Celia, Rosalind does not pretend to act masculine, instead she talks about her love to Orlando in a feminine way, and Celia teases her. Rosalind: Never talk to me: I will weep. Celia: Do, I prithee; but yet have the grace to consider that tears do not become a man. Then, Corin comes in, and invites them to see Phebe and Silvius together. They do so gladly, and Rosalind takes another opportunity to use her disguise to her full advantage: she insults Phebe, somewhat cruelly. â€Å"What thought you have no beauty- As by my faith, I see no more in you Than without candle may go dark to bed† However, this has an adverse effect, since Phebe falls head over heels in love with Ganymede, who in fact is Rosalind. This is another way Shakespeare has brought comedy to the play using the dramatic device of disguise, for Rosalind is, like she says, â€Å"unable to return the love.† From this we also see that Shakespeare did not think about relationships of the same sex, presumably because that would be too forward of his time. Also, it was illegal to demonstrate homosexual relationships; Oscar Wilde was put in jail, 200 years later for his gay relationships. Using the dramatic device of disguise, Shakespeare also uses Rosalind to expose the shallowness and absurdity of conventional modes of wooing, in Act 4 Scene 1. This is when Ganymede mocks Orlando, which was very unconventional of that time, since normal women did not act like that; they were supposed to be very gentle, docile, etc. However, in Act IV Scene 3, Shakespeare does make Rosalind seem more feminine again, since Ganymede faints, after hearing Orlando was hurt. Fainting was not seen as a manly tribute, which nearly gives away to Oliver than Ganymede is a woman. â€Å"You lack a man’s heart.† When Ganymede awakens again, Rosalind admits that she is tired of disguising herself, and hiding her feelings, â€Å"I would I were at home.† This is not the only time Rosalind makes the mistake of showing her female characteristics. In Act III Scene 2, Rosalind nearly gives away that she is female while Corin is there because Touchstone makes up an offensive poem about Rosalind and she reacts to it vehemently. Rosalind: Let no face be kept in mind, But the fair of Rosalind. Touchstone: †¦it is the right butter-woman’s rank to market. Rosalind: Out, fool! We must not forget that other characters than Rosalind use disguise; Touchstone also disguises himself. He does not disguise himself physically, but he disguises his true intentions of marriage with Audrey: sex. Touchstone is a very humorous character in the play, often joking or making puns. He is probably used by Shakespeare to contrast the different types of love and marriage: Touchstone is marrying Audrey for sex, and Audrey is marrying him so she can become a respected woman. This contrasts against Orlando and Rosalind’s relationship, that was love at first sight, the like as Oliver and Celia. In this scene, we also see that Celia uses disguise. Originally her motive to disguise herself was for protection. However, she uses her disguise as a helpless weak maiden to get food and shelter, in Act II Scene 4. Also, in Act IV Scene 3, she does not tell Oliver who she really is. If she had told him she was the Duke’s daughter, he might not have fallen in love with her, or pushed his feelings aside to bring her back to the court. However, she keeps her disguise until the very end of the play, when all the couples get married. Finally, in the end of the play, Rosalind brings all the couples together to be married, in a triumphant denouement. In the epilogue, she also adds humour through disguise, although she is no longer acting the part of Ganymede. The epilogue is humorous, since she says â€Å"If I were a woman,† which reminds the audience that she is in fact a cross-dressing man, or would have been when it was first performed. Nowadays that is not true, and it is one of the only lines written by Shakespeare that does not transcend time. This is because Rosalind is now played by an actress, as acting is a very reputable profession. However, in 1599, the year the play was written, women were not allowed to become actresses. This inspires thoughts about the way women were and are treated, and how society has changed through time. In Shakespeare’s time, women were supposed to be gentle, subservient, passive, etc. They were expected to marry, bear children, and raise them. They were constrained by society’s rigid rules, especially women at court, like Celia and Rosalind, and had little freedom. Men had much more freedom, and could show their wit, intelligence and humour when they liked. However, it was seen as unfit for females to do the same. Even today, in modern countries in the western world, the two sexes are treated differently, but less so than in other countries such as Islamic ones. Women have more rights nowadays, and laws to protect those rights than in the 1600’s. I think that Shakespeare has used the device of disguise very successfully, since he has not only added humour to the written play, but also through cross-dressing added humour. I think that I would have thought this play funny if I had the same sense of humour as people did then, and understood more of the puns and subtle jokes, that are typical of the Elizabethan times but are not found comical now.

Thursday, January 2, 2020

Human Trafficking Is A Major Problem - 1504 Words

Essay 3 Human trafficking is a major problem in the world. It’s been an issue for a very long time and should be brought to an end. The victims suffer so much under all the cruelty they face while in captivity. The conditions are horrible, inhumane and the psychological effects are just one of the long term effects a victim will suffer. All the after effects that the victims will go through and what will life be like after going through such horrifying events. Overall human trafficking is a problem all over the world and must help stop this issue and help the victims for what they have been through. Human trafficking is illegally transporting people from one country to another for either labor purposes or sex work. What the†¦show more content†¦Ã¢â‚¬Å"... including maintaining the security and confidentiality of patient records and ensuring robust information- sharing protocols†(5, Hemmings). Ensuring the patient feels safe in the environment and being able to talk to the healthcare provider, be able to share their story and get the help which is needed. Every patient’s information must be kept in confidentiality between the patient and the healthcare provider and must not be given out information. â€Å"..., with several describing how trafficked people often experience intense, feelings of betrayal, guilt, and shame†(4, Hemmings). Building trust with the victims is key for the victim to open up to a healthcare provider. Because in a lot of the cases the victim will not trust anyone because it’s hard to be able to trust someone after what a victim has been through. A relationship between the healthcare provider and patient must be established in order to be able to talk about such things. Use the right words in order for the patient to feel comfortable in order to feel trust towards providing care to help recover from the experience for what happened. These methods presented in the article can help towards getting he lp with what occurred to the victim and many other issues which will face after surviving having to got through such events. This is a worldwide issue that occurs all over the world which makes it aShow MoreRelatedHuman Trafficking Is A Form Of Modern Day Slavery1147 Words   |  5 Pages Human trafficking is a form of modern day slavery that involves the buying and selling of human beings. Although human trafficking is highly illegal The United Nations estimate that 2.5 people are trafficked every year (2008). Most victims of human trafficking are from Asia, Slavic European nations and Central America (Thio Taylor 2011).These victims may be tricked into leaving their countries with false promises of a better life. Once imprisoned the victims are told they now have large debtsRead MoreTaking a Look at Human Trafficking842 Words   |  3 PagesNo nation is immune from human trafficking. 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