Financial Statement Forecasting Essay Example | Topics and Well Written Essays - 750 words

Financial Statement Forecasting - Essay Example There is no denying the fact that;" investors and share holders around the world base their decisions on financial and economic forecasts (Olley, 2006, 1)." Thus a professional, pragmatic and propitious financial statement forecast will fortify its plans of rapid future growth by exploiting novel business opportunities, undergoing product diversification and resorting to aggressive acquisition. The success of a company depends to a great extent on the reliability of its financial statement forecasting. To ensure this, it is a must that," the assumptions made in the previous Corporation Budgeting cycle, but not limited to, estimated sales volume, capital requirements, staffing resource requirements, customer demands and vendor contracts" are all meticulously verified and updated to reveal all the possible changes and the most recent data available (Harvard, 2008). All the possible changes projected or encumbered should be balanced by an appropriate action by the management. Microsoft Excel is the most common tool used during forecasting. Financial forecast has to be customized to suit the external and internal realities of a business and has to be flexible to accommodate future changes. The most common methodologies used for forecasting are Current Year Budget, Straight Line, Year to Date Actual plus Estimated Future Spending and Prior Year Data.Though the data required to achieve a financial forecast is basically the same as what is required to accomplish the budgeting process, forecasting differs from the budgeting process in the sense that a budget is a statement prepared a year in advance that gives guidelines for spending and acts as a yardstick for analyzing the business performance of a company, forecasting involves extrapolating the current performance of a company to estimate the future income, expenditure and growth prospects..References Financial Forecasting (2008). Harvard. Retrieved August 24, 2008, fromhttp://www.vis.harvard.edu/staff/policies/financial_forecasting.php Funky Finance (2008). CIMA. Retrieved August

What I have learned from men Research Paper Example | Topics and Well Written Essays - 1000 words

What I have learned from men - Research Paper Example In my opinion, most of her arguments are valid however she overlooks certain facts by making false generalizations. The article deserves a lot of credits since it offers a clear explanation to the topic. The writer has used both a sarcastic and a serious tone to drive her message home. It is a dependable source of information for the topic since it gives credit where it is due. The author does not favor any gender and she criticizes both men and women characters. Although her main aim is to explain the fact that women should change their characters, she does not appreciate a woman’s natural character. As a woman writer, it is expected that she would defend women but instead she criticizes them. This criticism allows the reader to explore her views more closely and to clarify her views. Ehrenreich does not agree with the fact that women are the way they are because they were created that way. She considers that as a fallacy and takes firms stands to her arguments. I accord with most of her arguments, but she seems to get the fact of diversity wrong. Men and women are naturally different and very diverse in their character. However, she does not seem to give value to diversity, and her believe is that women are the way they are because they haven’t tried changing. Ehrenreich is very bitter about the expectation of the society that women should always act in a soft manner. She reiterates that it is not the job of a woman to be polite. The writer seems to have little discernment for politeness, and all her emphasis is on women and men equality. She considers that if women get to be harsh like men, gender equality will be achieved and gender-based exploitation will be history. She strongly criticizes the normality of women being soft in conversations. She does not see the reason why women should act ‘good’ by being soft and yet they it has little or no benefit

Impact of Energy Cost Research Paper Example | Topics and Well Written Essays - 500 words

Impact of Energy Cost - Research Paper Example Note that various industries such as manufacturing, transportation, and fishery among others are oil-intensive. In this regard, an increase in the pump price of petroleum products would push up their production cost. This translates to an upward shift in the aggregate supply curve from AS1 to AS2, wherein higher price is seen. This condition proves that in the event of energy cost uptrend, increase in inflation is highly likely. Such is especially applicable to oil dependent nations which are extra sensitive to the volatility in energy cost. When energy costs increase, the prices of final output rise to recoup higher production cost incurred. With this, rising inflation occurs. As mentioned in the article, subsidy on high crude prices is unsustainable as it weighs down government budget. As such, Indonesian and Thai governments lifted such subsidies and allowed firms and consumers to fully absorb price increases instead. The elimination of subsidies is comparable to increasing net taxes because essentially it decreases deductions in taxes. This results in the downward shift in the income function as rising energy cost reduces consumption given a particular marginal propensity to consume (MPC), from AE1 to AE2. Relative to this, AD curve shifts downward from AD1 to AD2.

The history of the trumpet Essay Example | Topics and Well Written Essays - 1000 words

The history of the trumpet - Essay Example However, this is only the recorded history and the presence of trumpet can be older. Initially trumpet was not used as a musical instrument, but for martial and religious purposes. Historically, trumpets were of grand importance as militarily, they were employed by trumpeters for delivering commands to troops present at far away distances. Bugle, a form of trumpet is used in place of trumpet in today’s military just as a conventional instrument. Trumpet as a musical instrument go through betterment during the middle Ages and Renaissance (Downey 29). The technique of designing and crafting the trumpet also got better with time. This paper elaborates the historical presence and importance of trumpet and traces it back to its origin. Trumpet has got the reputation of highest register in terms of brass musical instruments. Historically, trumpet is among the oldest most musical instruments. When a trumpet is used, a buzzing sound is created that is made by blowing air with the supp ort of a whistling posture of the lips. The trumpet that is found today is made up with brass tubing that is a quality that it gained after the fifteenth century. It is present in many forms nowadays and is used as a musical instrument while its historic form was not altogether musical (Tarr 62). During the sixteenth century, military and courts both used the trumpets for their own purposes. Usage of trumpet started becoming famous in Germany during the sixteenth century. The ending of this century marks the usage of trumpet in musical terms and before this, it was mostly used for courtly and military reasons. Initially, the trumpeters made use of low pitched sounds, but later on, they also made use of high pitched sounds. The musicians also started to use diversified harmonic series (Brownlow 78). The seventeenth and eighteenth centuries saw the heighted version of the trumpet. Famous composers like Leopold and Michael were famous in terms of their musical compositions. For courtly purposes, the D and C keys in trumpets were employed while for military purposes, Eb and F keys in trumpets were employed. Diverse registers of trumpets were played by the musicians of the era (Barclay 46). When the valves were introduced to the trumpet, the interest of musicians in the usage of trumpet increased. In the nineteenth century, the trumpet was no more a common musical instrument as it became an orchestral instrument. At this time, the F key in trumpet along with crooks were employed that made the trumpet more interesting as a musical instrument (Tarr 93). The shape and form of trumpet had improvements with the passage of time. The valves took the place of crooks with the time and improvement of the trumpet as a musical instrument. The size of the trumpet also saw transformations. The improvements in the trumpet enabled the musicians to play the trumpet with much ease and sound (Wallace & McGrattan 116). The trumpet’s first known form was Alphorn that was constru cted by means of a tree trunk. The trumpet has high pitched sound and big appearance. It was generally employed for flocking cattle, beckoning groups of people, religious preaching and war related messages by military. The 17th century that was also called baroque era saw the transformation of Alphorn into trumpet (Smither 358). The initial trumpets were called natural trumpets, which was constructed by means of metal. Previously, tree trunk was used in place of metal. The trumpets that were created then were in form of elongated cylindrical tubes having a

Proposition 8 Assignment Example | Topics and Well Written Essays - 250 words

Proposition 8 - Assignment Example persons along with their addresses and financial contribution towards the campaign has been recorded for the future references through social networking websites. However, the data recorded as public information is inconvenient to access and possesses the risk of privacy breach (California Secretary of State Debra Bowen, 2008). With the emergence of internet, privacy is the most essential concern for users accessing internet. The development of information technology and computer science has both positive and negative effects and on the negative side, it has led to different unethical practices. Hackers and intruders are identified to access confidential information through unauthorized access on the system. In this regard, it can be possible for cyber criminals to access data of the married persons unethically, which may raise problems for donors providing private information such as address and credit card information among others. Thus, it can be asserted that Proposition 8 may raise challenges in terms of breach of privacy rights as well as threats for donors providing private information (Sembok, 2003). It can be evidently asserted that the actions undertaken in the Proposition 8 of providing private information publicly through social networking websites have raised problems relating to inconvenience of accessing information and breach of privacy. Additionally, the actions of providing private information without appropriate privacy measures and security tools may assist intruders and hackers in breaching information of donors efficiently (Perlroth, 2012; Sembok,

Middle East History 5 questions Research Proposal

Middle East History 5 questions - Research Proposal Example The Palestinian community has also recently been fractured by the Fatah/Hamas split, adding a new and potentially explosive dynamic to the Arab-Israeli conflict. Despite decades of attempts at resolving this conflict, the protagonists are at an impasse and without a resolution in sight. The Arab-Israeli conflict remains one of the most enduring and complex disputes of modern times. The origins of the dispute between Israelis and Palestinians are important today because two key issues between the warring parties remain largely unchanged since the late ninetieth century. For more than one hundred years these two fundamental issues have driven, contributed to, and exacerbated the protracted nature of this conflict. The first major issue is territorial and the question of land. At its very core, the Palestinian-Israeli conflict is a conflict over land; a tiny sliver of land, semi arid and dry, bordering the Mediterranean Sea and roughly the size of New Jersey (Central Intelligence Agency 2008). The second major issue is the juxtaposition of Israeli and Palestinian identities; competing nationalisms which were at odds decades before the establishment of the modern state of Israel. It is these two core issues, disputed land and competing nationalisms, which are fundament al to the conflict and which must be tackled with vigor if one seeks to resolve the crisis. Any solution aimed at resolving the Arab-Israeli conflict must address the issues of land, competing nationalisms (a Palestinian state must be established), the status of Jerusalem must be resolved and Israel must be guaranteed an existence of peace and security. Only when each of these highly complex issues is addressed will we see a resolution to the Arab-Israeli conflict (Gelvin 2005). The origins of US involvement in the Middle East predate the Second World War and go as far back as the Paris Peace Accords and Treaty of Versailles in 1919, following the

WEEK 1 QUIZ 1 Essay Example for Free

WEEK 1 QUIZ 1 Essay 1.Question : Liberalism rests in a conception of equality whereby the government Student Answer: must not choose one person’s good over another. must ensure that we all have the same possessions. must provide everybody with healthcare. must redistribute wealth in order to achieve fairness. Instructor Explanation: The answer can be found in the section â€Å"What Does Liberalism Mean in Practice?† Points Received: 1 of 1 Comments: Question 2.Question : American politics are rooted in Student Answer: the practice of negative liberty. redistributing wealth from the rich to the poor. competing interpretations of core American values. a need to avoid all conflict. Instructor Explanation: The answer can be found in the section â€Å"American Politics are Rooted in Core American Values.† Points Received: 1 of 1 Comments: Question 3.Question : Jefferson justified American separation from Britain in the Declaration of Independence based on Student Answer: the majority of Americans who voted for it. the lack of American freedom under British rule. the Lockean idea of the right of the people to overthrow a government that fails to fulfill its obligations. the overtaxation of Americans by the Crown. Instructor Explanation: The answer can be found in the section â€Å"Locke’s Influence on Jefferson.† Points Received: 0 of 1 Comments: Question 4.Question : Modern liberalism differs from classical liberalism because modern liberalism Student Answer: is associated with big government and large social programs. does not respect human agency as does classical liberalism. allows for arbitrary exercise of power and authority. does not respect property rights. Instructor Explanation:The answer can be found in the section â€Å"How Does Contemporary Liberalism Compare with Classical Liberalism?† Points Received: 1 of 1 Comments: Question 5.Question : Samuel P. Huntington defined â€Å"creedal passion periods† as periods when Americans Student Answer: demand redistribution. seek to find new values. return to first principles. demand smaller government. Instructor Explanation:The answer can be found in the section â€Å"The Importance of Constitutional Debates.† Points Received: 1 of 1 Comments: Question 6.Question : Colonists enjoyed rights under which documents following the Glorious Revolution of 1688? Student Answer: British Bill of Rights and Toleration Act Magna Carta and the Mayflower Compact Hobbes’s Leviathan and the Magna Carta John Locke’s Second Treatise of Government and the Toleration Act Instructor Explanation:  The answer can be found in the section â€Å"Colonial Assemblies.† Points Received: 1 of 1 Comments: Question 7.Question : Impeachment can be characterized as a Student Answer: sole responsibility of the Senate. shared function between the Senate and the Supreme Court. shared function between the House of Representative and the Senate. sole responsibility of the House of Representatives. Instructor Explanation:The answer can be found in the section â€Å"The Executive.† Points Received: 1 of 1 Comments: Question 8.Question : The Annapolis Convention was called to address Student Answer: the lack of authority to raise armies. the lack of authority to impose uniform commercial regulations among the states. the inability of the Continental Congress to pay revolutionary war veterans. the possibility of holding a convention in secret. Instructor Explanation: The answer can be found in the section â€Å"Annapolis Convention.† Points Received: 1 of 1 Comments: Question 9.Question : The Federalists argued that a Bill of Rights was not necessary because Student Answer: all basic protections were contained in the Constitution. the anti-Federalists were being irrational. it impedes the authority of the government. it would take too long to ratify. Instructor Explanation:The answer can be found in the section â€Å"Federalists Versus Anti-Federalists.† Points Received: 1 of 1 Comments: Question 10.Question : The purpose of the Constitutional Convention was to Student Answer: create a new form of government. revise the Articles of Confederation. annul the Articles of Confederation. create a strong central government. Instructor Explanation:The answer can be found in the section â€Å"The Constitutional Convention† Points Received: 1 of 1 Comments: