Current and Fixed Assets Essay Example | Topics and Well Written Essays - 750 words

Current and Fixed Assets - Essay Example The exchanging over or turning over of this assets is usually done during the normal business environment. These assets include cash and cash in-equivalents which re the liquid assets. These include currency, deposit accounts and negotiable instruments like money orders and bank drafts. There are also short term investments which include trading securities. Other items are receivable assets, inventory and prepaid expenses (Ingram & Albright, 2006.pp.298). Fixed assets are generally termed as PPE to mean property plant, and equipment. These assets are purchased mainly for long term use. They are used in earning the business profits. These may include land, buildings, machinery, tools, and furniture. They are usually written off against profits in the balance sheet. In management accounting fixed assets are also called capital assets. These assets are attached with monetary value and not the liquid cash like in current assets (Bott, 2005.pp.165). Discussion In a balance sheet there are usually decreases and increases in the assets of the company, both fixed assets and current assets. in the balance sheet an increase in the fixed and current assets is usually debited while a decrease in the two is usually credited. If the asset is capital plus liability then debits are the same as the credits. For double entry to be reflected in the accounts every debit must have a corresponding credit entry. The assets are usually different from liabilities and they take different sides in the balance sheet. To balance an account will simply mean to obtain the difference between the totals of the two sides of an account. If the details of the on the debit side is higher than of the credit side the balance is said to be a debit balance. If the totals on the credit side are higher than of the debit side, the balance is said to be a credit balance (Ingram & Albright, 2006.pp.300). In this company the fixed asset is the file server which is worthy $15,000. This is property of the com pany thus it will be debited. The amount which the company has paid will be credited and the amount that they will get from the same will be credited. What really happens is as shown on the next page: ACCOUNT TO RECORD ENTRY IN ACCOUNT SIDE Asset(fixed and current) An increase Debit Left Asset(fixed and current) A decrease Credit Right The debit side is usually left while the credit is usually one the left side. The $15,000 will therefore be on the left side since it will be an increase in assets of the company. This is a fixed asset because it cannot be converted in quick or liquid cash. The amount which was paid by the company, that is, $5,000 will be a decrease in asset and this will be credited on the right side of the balance sheet. The money which they will get after selling the software packages will be an increase in the company’s current assets and this will be debited on the left side of the balance sheet (Bott, 2005.pp.159). The profits that are got after selling t he software packages will reduce the company’s properties but this will be replaced by the cash that flows in the bank. The two will be written in different sides of the balance sheet. After the property is sold, the value of them will increase since it will bring in addition profits to the company (Ingram & Albright, 2006.pp.291). When there is no change in the assets then the company

Allowing the Use of Discarded IVF Embryos for Stem Cell Research Is Essay

Allowing the Use of Discarded IVF Embryos for Stem Cell Research Is Ethical - Essay Example There are several sources of stem cells. Adult stem cells can be taken from an individual, coaxed into becoming something useful in therapy, and transplanted back into the body. However, the usefulness of adult stem cells is limited, because not all types of cells have been isolated, and they are difficult to isolate because they occur in minute quantities in adults (NIH 11). Embryonic stem cells are the most flexible and can be obtained from in vitro fertilization patients, thus avoiding the moral quagmire of the abortion debate entirely. While visions of Nazi-level experimentation dance in our heads, it’s hard to come to a moral and logical conclusion regarding stem cell research. The Center for Bioethics and Human Dignity comments, â€Å"If anything is to be gained from the cruel atrocities committed against human beings in the last century and a half, it is the lesson that the utilitarian devaluation of one group of human begins for the alleged benefit of others is a price we simply cannot afford to pay† (CBHD 53). By demonizing stem cell researchers as cold-blooded, immoral baby killers, this argument avoids actually defining the boundaries of human life and descends into rhetoric. A medical professional must put aside rhetoric and stick to the facts. The â€Å"if-then† scenarios put forth by the religious right are especially rhetorical. If they argue, we determine that a blastocyst or embryo isn’t viable because it can’t survive on its own (separate from major medical intervention or a mother’s womb), then we are only one small step away from using comatose patients in medical experiments (Sullivan 59). Again, the argument is not a scientific one; it is simply a drawing room discussion with no boundaries. Leftover embryos from IVF patients are no longer useful to those who would donate them, and their potentiality is limited.

Relationship between Neoclassicism and Romanticism; Realism and Essay

Relationship between Neoclassicism and Romanticism; Realism and Impressionism - Essay Example From the research it can be comprehended that Neoclassicism was a revival of the classic art that was prevalent during the time of the Ancient Greek and Rome. It developed as a response to the heavily decorative style of Rococo and thus favored simple lines and order. The curvy style of Rococo was replaced by simple clean lines. Neoclassicism, since it was also inspired by the Renaissance art, laid emphasis on rationality and logic. Romanticism, on the other hand, was an intellectual movement that sprang up during the late 18th century. It developed as a response to the Industrial Revolution and thus was against the scientific rationalization and in general contradicted with the Age of Enlightenment. Emotion, rather than logic, was stressed in this particular style with emphasis on emotions such as terror, awe and horror. Artists from the era of Romanticism were against the forms developed by the neoclassic artists. They were not inspired by the beauty of the perfect subjects that th e neoclassic artists painted. Rather they criticized the neoclassicism art for being unreal and without any real emotions. Since Neoclassicism was inspired by the Ancient Greeks and Roman whose main subjects were Gods, it was obvious that the subjects of neoclassic artists were God like human beings with little or no emotion in their eyes or body language. In their use of colors, the Romantic art was quite contrary with that of the neoclassic art. Romantic artists used vibrant colors, inspired from the Middle East artists while their earlier peers depended on muted colors. Romanticism can be defined as a dynamic art form with its vibrant use of colors and emotions. Neoclassicism, on the other hand, is a passive art form that uses muted colors and shows no emotion. Emotion and rationality are two ends of a spectrum and the relationship between Romanticism and Neoclassicism can be understood by the fact that Romanticism represented emotion while Neoclassicism relied on logic. If Neocl assicism was God centric, Romanticism was human centric. Relationship between Realism and Impressionism Realism is a French art movement that began in the 1850s in the aftermath of the 1848 revolution. Realism was an art form that was developed as a reaction towards the Romantic art form. Realism arts denied the use of excessive emotion in their art and aimed to develop objective reality in their art forms. Depicting the painting in its real and true form was the aim of realist artists. This was a time when photography was gaining popularity and photography provided support to realism with its natural and true depiction of the subject. Impressionism, on the other hand, was a 19th century movement that was developed by Paris artists who defied the norms by using free brush strokes to create realism. They explored different perspectives of the scene and inculcated movement in art. These artists were first not taken seriously but with time, they art style spread to other parts of the a rt world. It is believed that it was the great artist, Manet who created the transition between Realism and Impressionism. Manet went away with the use of painting layers in his painting so that he could create his painting in one sitting with the model present. This meant that he could not make any mistake with the use of the colors, thus the art form was a fast art form that did not receive a favorable reception in the beginning. Realism art was an art that tried to tune in to the norms of the art society. Impressionist art form, however, created a revolution in the art society as it redefined the term art. Impressionist artists demanded solo shows while French artists vehemently opposed them. However, with time people realized that Impressionism had brought a fresh perspective in art and they accepted the art form. One

Exploring an art Object Essay Example | Topics and Well Written Essays - 2500 words

Exploring an art Object - Essay Example The contemporary art objects may include mass-produced things, transient materials, appropriate metaphors, and many other things. The object which I have selected for this assignment as a piece of art is ‘‘Kaftan’’. This paper aims to conduct an in-depth study and exploration of the object. Moreover, the paper will include different examples, sources, research work, interpretational perspectives etc. The visual design of this art piece which is selected for this assignment is a bit different as it is not a painting or a sculpture. ‘Kaftan’ is a cut of apparel; a long coat like garment or a loose dress with long wide sleeves which has been worn by humans for thousands of years. It usually reaches the ankles or floor at times (exceptions are there in different cultures). The cloth which is used in its making is usually and majorly silk and cashmere, however, sometimes cotton is also used (Torstrick and Faier). It has noticed some alterations, modi fications with the period of time and is a part of almost every culture across the globe. However, it varies in style and proportion in different cultures and the way they carry it. ... Similar is the case with ‘Kaftan’ as it has been doing it all. It is a single dress fulfilling all the requirements of an art object in different and unique manner. It has been telling different stories and cultures from the past to the present in a special way. Different artist portray their thoughts and creativity through fashion and clothing. It is now becoming as a medium for artists as significant as painting or any other (Chambers). Art has also been inspiring many lives for thousands of years. However, the portrayal of art back then was done in a different manner as compared to the present world. If we travel back in the history, then since the Ottoman Empire, the usage of ‘Kaftan’ has been of greater significance. It has been a part of many lives since then. Many people wear it as an identity (China); many wear it to hide themselves (Middle East), while many wear it as a fashion statement; the pop culture (West). It has different names as it travels from the west to the east (Faroqhi). In the West, the fashion started in the era of ‘Hippies’ in the 60’s; the Western ‘Kaftan’ has names like ‘bonjour’ and is a loose dress with wide sleeves it depicted the pop culture of that era. In the Middle East, the dress was worn and was famous since the Mughal and Ottoman Empire, and the Mughal Kings and Sultans used to wear it with a turban. At present, the Muslim women wear it as a piece of apparel which covers their body and hides it completely; it is normally called as ‘Abaya’. Moving on towards the Far East, then the Chinese wear it as a national dress and their national identity and the only difference is of a belt and the quality of the ‘Kaftan’

Evaluation of Open Source Operating System Assignment

Evaluation of Open Source Operating System - Assignment Example There are also companies who concentrate their efforts on open source software like Sun and IBM who consider the open source systems as an opportunity to undermine the monopoly of Microsoft in the computer software. The third group of users is public institutions and government agencies especially in Europe who consider the use of open source systems as a viable alternative for US technology and because of the increased safety and security that can be built in the open source systems.  There are also companies who concentrate their efforts on open source software like Sun and IBM who consider the open source systems as an opportunity to undermine the monopoly of Microsoft in the computer software. The third group of users is public institutions and government agencies especially in Europe who consider the use of open source systems as a viable alternative for US technology and because of the increased safety and security that can be built in the open source systems.  Definition a nd Functions of Open source Systems (OSS) Originally at the time of initial developments, the software was known as ‘free software’ as defined by the GNU project. The term ‘open source’ has been coined later and according to Stallman it is an attempt to express the same kind of concept as that of free software but with a more prudent and palatable approach. The functions of OSS include:(a) Facilitating and monitoring user interface(b) Effective job management to save computer usage time(c) Efficient task management to act as an aid to facilitate multi-task completions(d) Efficient data management to accommodate more volume of data  (e) Better device management for an efficient handling of the associated hardware and(f) Ensuring the security of data which is the foremost requirement of any efficient operating system.

Questions Essay Example | Topics and Well Written Essays - 500 words - 9

Questions - Essay Example According to Goldman, the qualitative approaches to assessment needs is more clients involves and is based a lot more on the standardised or objective tests. a) Quantitative Approaches of Assessments: This form of assessment includes self – efficacy measurements. Here the individual’s judgement to judge the ability to perform a task at a level. â€Å"These self – efficacy cognitions mediate action with the result that individuals avoid tasks or activities they believe are beyond their capabilities and instead engage in those they judge themselves capable of performing†. b) Qualitative Approaches of Assessments: These assessments are based on two major philosophical positions, post modern and logical positivism. The major practical differences between each of the perspectives are mainly in the assessment area. The logical positivists have relied a lot on the traditional measurement devices. These include interest and personality inventories while the postmodern theories do not include the above mentioned factors. a) Quantitative Approaches of Assessments: These assessments include Scholastic Aptitude Tests and other similar tests that are progressed to through school. This is a relatively common and most common to all the readers. b) Qualitative Approaches of Assessments: These assessments include techniques like repertory grid, reptest. These are relatively very complex and require extensive training before they can be used in career counselling. The post modern assessments are easy to use and a few of the strategies and tests used here include Career – O – Gram, role play, card sorts, and genograms. Special needs are a term that is used to refer to clinical diagnostic and functional development to describe individuals who need assistance for disabilities that may include mental, psychological and medical assistance. Disability has been defined by WHO as, â€Å".. is any restriction or lack

Accounting Essay Example | Topics and Well Written Essays - 500 words - 18

Accounting - Essay Example In order to consider this option, Reading therefore may need to assess as to whether the overall revenue and profitability of the division will increase if this transaction is carried out. The key influence of this on the attitude of Reading on intra-company business will therefore be reshaped by the way its profitability as well as the revenue is increased besides registering a substantial increase in the overall capacity. Another important aspect of this whole transaction may be based on the assumption that during the intra-company business, Reading may not have to incur any selling expenses therefore this may result into substantial savings for it in terms of cost reduction. If Reading adapts the second option of charging the standard full manufacturing cost plus 15%, as proposed by the Finance Manager, the overall loss will be approximately $1.68 per unit. The calculations are as under: The above option therefore suggest that adapting the option of standard manufacturing cost plus mark-up can certainly reduce the overall per unit loss when compared with the market price of the component. This option clearly reduces the loss per unit for Reading (if compared with the market price of the component) therefore adapting such option may offer more leverage to Reading in terms of its ability to further increase its profitability while at the same time reducing the costs. If this option is carried out, Reading will further be able to sell its variable selling expenses therefore this cost reduction may further allow to become more profitable. It is also important to note that the overall selling price of the component, as offered by Reading, is $13.00 therefore if compared with the original market selling price, the per unit loss will be $2.88. This will however, be lower than the loss which could be incurred under first option. Considering above, the suggestions proposed by the Finance Manager therefore may significantly increase the overall profitability