Symptoms And Symptoms Of Schizophrenia - 1343 Words

What is Schizophrenia? Experts agree that it is a syndrome (signs and symptoms that are thought to co-occur in ways that distinguish it from other syndromes and from normal thoughts and behaviors). Schizophrenia is also defined as a psychotic disorder with, impairments in reality, disturbances of perception and thought experienced as hallucinations, delusions, hearing voices, seeing things that are not there, and paranoia. Its onset usually starts in a person’s late teens to early twenties, and it affects about one percent of the global population. Its causes are unknown but experts are learning more every day. â€Å"Detailed descriptions of mental disorders such as mania, melancholia, dementia, delirium and hysteria have been†¦show more content†¦It was Eugene Bleuler in 1908 that named the illness Schizophrenia, a splitting apart of the mind. â€Å"The splitting meant that the mind no longer functioned as a whole, with behavior, emotion, and intellect working together. It did not mean that there were multiple personalities† (Freedman 8). Delusions and fantasies dominate over rational thought. Patients are stricken by formal thought disturbances. â€Å"As a consequence delusions, fantasies, wishes, needs, and emotions rather than intentions and logic control thought and action† (Shean 4). Many experience paranoia such as thinking the CIA is doing this to them with radio waves to control their mind, or that aliens are beaming them up from a mother ship. Basically schizophrenics believe they are under surveillance by some unknown being with the abilities of mind control. It is reported that the irrational thoughts dominate their mind and drive them to despair. Schizophrenics hear convincing voices that are actually lying to them. This is why a psychiatrist will say they have delusions. â€Å"During a visit to my office, a young man hesitantly reveals his belief that snakes are living behind the mirror in his college do rmitory room and that they are forcing their thoughts into his head. His terror was hidden in the privacy of his own mind for a year, until his failure in his classes led to a confession to his mother and a referral to me. His

The New Model For Art - 1743 Words

Placing the interests of the entire world above those of an individual nation became the new model for art in the contemporary world and this movement was known as globalism. With the increases in digital technology, global integration of art and culture became significantly easier and more prominent. Although, globalism brought a new knowledge of culture from other nations and allowed certain countries to emerge as super powers not everything was beneficial. Terrorism rocked western civilizations such as Britain and the Unites States with attacks from the extremist group knows as Al-Qaeda that brought a devastating and sense of urgency for moral change through art and literature. Also, the threat of our dying ecosystem was brought up as†¦show more content†¦505). Although terrorism was not developed recently but rather has been around for a while, the rapid and new forms of technology and communication as well as the availability of weapons made the issue more prominent an d devastating. Especially after the devastating 9-11 terrorist attacks on the Twin Towers in New York and the Pentagon. Since then the war on terror has spread too much of the Middle East, and the already tense atmosphere was made worse with Sunni and Shi’ite civil wars, terrorism was a fear that was all too real and possible. With such a devastating lost after 9-11 and over 3000 civilians killed, many artists commemorated those who died in the tragic attack with paintings or eulogies, such as Johns Adams, â€Å"On the Transmigration of Souls†(p.505) or paintings of people leaping to their death just moments before the towers collapsed. It wasn’t until years later where literary reflections of the incident were starting to be created that a stronger voice spoke up regarding what was seen as a moral urgency as terrorist attacks were beginning to occur in other parts of the world and were unfortunately becoming a common thing. Seamus Heaney, an Irish author, wrot e the most controversial piece, called â€Å"The Terrorist, He Watched† after the bombings in London on the metro. Heaney wrote how people go through there everyday life, and talk with friends, go to the restaurants and use public transportation but little do they

U.S. Election of 1800 Thomas Jefferson vs. John Adams

Cash Management Services Example

Essays on Cash Management Services Research Paper ï » ¿Cash Management Services Table of Contents Reduction of opportunity cost in a health care organization with CMS 4 Conclusion 5 Introduction The services offered by banks are getting diversified with time. Such multifarious treatment has been introduced to cater to the changing needs of the customers in the best possible manner. Through these specific services, banks try to attract and retain the loyal customers and thus attain sustainable competitiveness in the market. Among different services offered by the banks, ‘cash management service’ is often used by the banks to develop a healthy relation with its customers. Most of the banks offer cash management services to the retail customers (e.g. companies) for cash flow processing, cash pooling and message service for the current accounts. All these services assist the clients to improve the efficiency of their day to day cash transactions. Clients get timely and accurate information of the monitory transactions (Huang, 2007, p.83). The cash management services (CMS) is an assortment of different kinds of services, few of the most popular ones are discussed below: Lockbox service: If a retail customer receives a large number of payments through mails, then the customer’s account receivables will be directly collected in different branches of the bank and will be sent to the main account maintained by the customer. Zero-balance account (ZBA): If a company has several accounts located in different places, then it becomes quite difficult to segregate the amount debited from the one credited from each branch. ZBA assists in managing all the branch accounts in a more organized manner. In ZBA, each day the account of all the branches start with zero balance and at the end of the day all the receivables and deposits made throughout the day get adjusted with the main account of the company. The same thing continues the next day and the accounts of different branches start with zero balance. Automated Clearing House (ACH) Network: This is one of the most reliable and efficient network that allows batch–oriented electronic fund transfer system. This service is useful for those retail customers which have their operations in several locations. They often open accounts with different banks. As soon as the money is received in these accounts, it is transferred to the main account of the customer through inter-banking electronic fund clearance system (Center for Financial Training, 2009, p.318). Comparison of different CMS offered by the sample banks For analyzing cash management services followed by different banks in US, three sample banks were selected. During this process, the CMS offered by the sample companies is analyzed to identify the advantages and disadvantages associated with the CMS of each of these sample banks. The first sample bank is HSBC, one of the world’s largest banks. In South America, more than 710,000 people receive their salaries through HSBC and more than 40,000 corporate customers get benefited from the account receivable solution provided by the bank. The number of electronic banking services users is approximately 90,000 and most of them are regular users of payment and cash management (PCM) service offered by the bank. More than 100 specialists are working incessantly to identify the requirements of the customers and to develop different PCM services (HSBC-a, 2010). The bank offers electronic and paperless payment solution that adds flexibility and better control to the customer’s business. The electronic collection services of the bank assist the corporate customers to have a fast conversion of receivables to cash. Services like cash concentration and direct investment ensures a healthy short liquidity to businesses (HSBC-b, 2010). The recession has registered a change in treatment; the bank is focusing more on its Asian business as its US units are yet to recover from poor profitability and declining demand. Another bank is Bank of America Merrill Lynch. It is one of the best banks in America that succeeded in understanding the changing needs of the people and modifying the service portfolio offered by the company. In the year 2009, Merrill Lynch was considered as the â€Å"Best cash management bank† by Treasury Risk. The bank offers full range of treasury management solution that includes collection, concentration, investment and optimum retune on the liquidity managed by the companies. The receipt and payable management services offered by the bank is effective in minimizing the risk as well as the cost associated with this process. Dense network and long term experience of the bank in US can be considered as a major advantage for developing effective CMS. The last sample company is Bank Leumi USA, which too offers cash management services to the customers. It offers ACH origination, cash concentration, lockbox services, positive pay, money transfer, along with other allied services (Bank Leumi USA, 2010). Comparatively small market share and moderate popularity of the bank are some of the major disadvantages of CMS offered by the bank. After considering the CMS portfolio offered by the bank, network density and the degree of customer satisfaction, it can be concluded that cash management services like lockbox, ACH and concentration of cash offered by Bank of America Merrill Lynch is one of the best in terms of efficiency and effectiveness. The customer care department, which is responsible for CMS management of the bank, is quite experienced in understanding the requirement of the customers and developing innovative products. Reduction of opportunity cost in a health care organization with CMS Many well known organizations in US have several branches in different locations, making it problematic for managing cash (receivables and payable). If the health care organization follows the tradition cash management process, it will take too long to collect the receivables and thus the cost of opportunity would increase. On the flip side, if they use the CMS offered by a bank, it becomes quite easy for the organization to minimize the time as well as the cost associated with cash management process. Apart from the traditional receivable and payable management; these organizations can use special services like zero balance account that minimize the amount of ideal cost that needs to be managed with the bank for each account. Conclusion After analyzing the CMS offered by the sample companies, it can be concluded that all the banks offer more or less similar services but the quality of the services is what that makes the difference. While selecting the bank for availing its CMS facility, companies are required to pay more attention to branch network, efficiency of service offered, expertise of human force and ability of the management to understand the changing customer requirements. The above mentioned factors are also applicable in case of banks that aim to ensure sustainable growth by developing new services under CMS. Reference Center for Financial Training. (2009). Banking Systems. Cengage Learning. HSBC-a (2010). Global Payments and Cash Management - South America. Retrieved on September 11, 2010 from http://www.hsbcnet.com/transaction/global-payments-and-cash-management/south-america. HSBC-b. (2010). International Payments and Cash Management. Retrieved on September 11, 2010 from http://www.us.hsbc.com/1/2/3/business/other/cash-management. Huang, W. (2007). Institutional banking for emerging markets: principles and practice. John Wiley and Sons.

The Early New England and Chesapeake Regions Free Essays

Numerous things went into the development of the New England and Chesapeake regions. Though both of these societies came from the same background, England, these different groups of people yielded a different way to live. Basic needs and idealistic concepts were two reasons that differentiated New England from the Chesapeake region. We will write a custom essay sample on The Early New England and Chesapeake Regions or any similar topic only for you Order Now Basic needs included anything from food to shelter to education. The new pioneers had enormously varying ideas that they wished to accomplish in the New World. Such ideas involved religious concepts and governmental leadership. Thirdly, why did people come to America? The variation as to why people decided to come to America, was one reason that New England and the Chesapeake region evolved into two distinct communities. The two groups had very different views as to what they wished to accomplish. Documents B and C show a random sample of the sort of people that came to America. Emigrants who arrived in New England were mostly families with several children and their servants. The original people of New England were searching for a quiet place to call home, where they could raise their family apart from religious bias. On the other hand those who were bound for Virginia, mostly single young men, were in search of fortune. In contrast, only a few of these gold seekers were accompanied by family members, and probably knew very few of the other lads joining them on their quest. The men of the Chesapeake region had one basic mindset, and they were intent on finding wealth. This greed led to their own misfortune. In the History of Virginia, even before the settlers departed from England, the idea of the rich versus the poor had developed. There were those who had money and other such things, and those who did not. Those who did not became bitter from the hard trip and jealous of those slight few who struck gold in the New World. As stated by Captain Smith, â€Å"golden promises made all men their slaves in hope of recompenses. † Many of these men referred to as â€Å"slaves† consumed with greed, forgot to take care of their basic needs, food and shelter, therefore many simply died. Both New England and the Chesapeake region realized they had to work together in order to survive and hopefully thrive in the future, but only New England established this at first. On Winthrop†s journey to America he stated in his own words, â€Å"we must be knit together in this work as one man. † He made a point in saying the only way to survive is to support each other. Well, one way to create a community is to find common ground for which the new settlers can relate, in this case they found it in their children. Most of the citizens of New England had children, that is supported by Document B. With a large amount of children, logically there was a need for education. Thus education brought upon the building of schools, which in turn, made the newly founded society work together. Winthrop†s idealization of the unity of society stated that all must rejoice, mourn, labor and suffer together. He created unity among the people. Virginia had no such luck in finding this common ground and unity. They were too busy searching for gold. The Puritans did not consume their time worrying about money as did the Virginians. Their main focus was on setting up a society where they were free from persecution. John Winthrop, a future governor of Massachusetts, wished to establish a religious community in the New World. The Puritan ambition had been to establish an ideal Christian community, a â€Å"city on a hill,† as Winthrop called it, with the eyes of England and the entire world on it. Pride alone, as to not fail, may had been the reason for success. Also government played a huge part in the success of the northern colonies. Almost immediately after arriving in New England, a government was set up. This government was led by the church. The Articles of Agreement set up certain orders that were to be followed. Such orders were to procure a minister that followed all the ways of Christ. Document D suggested that the town of Springfield, Massachusetts, be composed of forty families rich and poor. Unlike the Chesapeake region, Springfield allotted every inhabitant land on which a house could be built, but more importantly, land for planting. Their government has evolved into our democratic government of the present. Although New England and the Chesapeake region had differences, neither society perished. Virginia thrived on wealth and materialistic items, you either had it or you did not. While in the background New England raised their young, trying to teach strong values and pass on their ideas of a better way of living. These first attempts at colonization, laid the foundation of society today. How to cite The Early New England and Chesapeake Regions, Papers The Early New England and Chesapeake Regions Free Essays Numerous things went into the development of the New England and Chesapeake regions. Though both of these societies came from the same background, England, these different groups of people yielded a different way to live. Basic needs and idealistic concepts were two reasons that differentiated New England from the Chesapeake region. We will write a custom essay sample on The Early New England and Chesapeake Regions or any similar topic only for you Order Now Basic needs included anything from food to shelter to education. The new pioneers had enormously varying ideas that they wished to accomplish in the New World. Such ideas involved religious concepts and governmental leadership. Thirdly, why did people come to America? The variation as to why people decided to come to America, was one reason that New England and the Chesapeake region evolved into two distinct communities. The two groups had very different views as to what they wished to accomplish. Documents B and C show a random sample of the sort of people that came to America. Emigrants who arrived in New England were mostly families with several children and their servants. The original people of New England were searching for a quiet place to call home, where they could raise their family apart from religious bias. On the other hand those who were bound for Virginia, mostly single young men, were in search of fortune. In contrast, only a few of these gold seekers were accompanied by family members, and probably knew very few of the other lads joining them on their quest. The men of the Chesapeake region had one basic mindset, and they were intent on finding wealth. This greed led to their own misfortune. In the History of Virginia, even before the settlers departed from England, the idea of the rich versus the poor had developed. There were those who had money and other such things, and those who did not. Those who did not became bitter from the hard trip and jealous of those slight few who struck gold in the New World. As stated by Captain Smith, â€Å"golden promises made all men their slaves in hope of recompenses. † Many of these men referred to as â€Å"slaves† consumed with greed, forgot to take care of their basic needs, food and shelter, therefore many simply died. Both New England and the Chesapeake region realized they had to work together in order to survive and hopefully thrive in the future, but only New England established this at first. On Winthrop†s journey to America he stated in his own words, â€Å"we must be knit together in this work as one man. † He made a point in saying the only way to survive is to support each other. Well, one way to create a community is to find common ground for which the new settlers can relate, in this case they found it in their children. Most of the citizens of New England had children, that is supported by Document B. With a large amount of children, logically there was a need for education. Thus education brought upon the building of schools, which in turn, made the newly founded society work together. Winthrop†s idealization of the unity of society stated that all must rejoice, mourn, labor and suffer together. He created unity among the people. Virginia had no such luck in finding this common ground and unity. They were too busy searching for gold. The Puritans did not consume their time worrying about money as did the Virginians. Their main focus was on setting up a society where they were free from persecution. John Winthrop, a future governor of Massachusetts, wished to establish a religious community in the New World. The Puritan ambition had been to establish an ideal Christian community, a â€Å"city on a hill,† as Winthrop called it, with the eyes of England and the entire world on it. Pride alone, as to not fail, may had been the reason for success. Also government played a huge part in the success of the northern colonies. Almost immediately after arriving in New England, a government was set up. This government was led by the church. The Articles of Agreement set up certain orders that were to be followed. Such orders were to procure a minister that followed all the ways of Christ. Document D suggested that the town of Springfield, Massachusetts, be composed of forty families rich and poor. Unlike the Chesapeake region, Springfield allotted every inhabitant land on which a house could be built, but more importantly, land for planting. Their government has evolved into our democratic government of the present. Although New England and the Chesapeake region had differences, neither society perished. Virginia thrived on wealth and materialistic items, you either had it or you did not. While in the background New England raised their young, trying to teach strong values and pass on their ideas of a better way of living. These first attempts at colonization, laid the foundation of society today. How to cite The Early New England and Chesapeake Regions, Papers

Bla Essay Research Paper The democracy we free essay sample

Bla Essay, Research Paper The democracy we have in America today is really complex. This democracy starts out with political? parties whose chief intent is to derive control of the authorities by winning elections? Appelbaum and Chambliss ( 1997:366 ) . ? In the United States, unlike in most other democracies, there are merely two political parties with any significant influence over authorities policies? Appelbaum and Chambliss ( 1997:366 ) . Third parties are besides apparent in elections. These 3rd parties are frequently successful in smaller elections, but when we are covering with national elections it is really hard for the 3rd party to last the bigger two due to the deficiency of support and promotion of the PAC? s and other involvement groups. However, 3rd parties serve a really good intent. They provide us with more campaigners giving us more picks which is what democracy is approximately. Harmonizing to my category notes ( talk on authorities ) 3rd parties are sometimes chosen when people are opposed to the campaigners from the other two parties. Third parties stand as a mark of pick every bit good. Voting for a 3rd party is besides seen as vote for a better choice of campaigners instead than voting for the usual two campaigners from the other parties. The president of the United States is non chosen on the popular ballot of the people entirely but on the Electoral College? whose ballot is determined by the popular ballot of each province? Appelbaum and Chambliss ( 1997:367 ) . This Electoral College is in a sense a ballot of the people but at the same clip it keeps bigger provinces from going to powerful overpowering the smaller provinces. The United States besides has three subdivisions of authorities the legislative, judicial and executive subdivisions. ? The fundamental law of the United States provides a system of cheques and balances? Appelbaum and Chambliss ( 1997:369 ) . This system of cheques and balances puts a bound on the sum of power a individual subdivision may hold which protects both the people and the single subdivisions authorities from one another. I believe that the United States has a really efficient signifier of authorities. It has many regulations sewn into the fundamental law to maintain things running efficient and reasonably. ? Democracy is a signifier of authorities in which citizens are able to take part straight or indirectly in their ain administration, literally means the regulation of the people? Appelbaum and Chambliss ( 1997:366 ) . Harmonizing to my category notes ( talk on democracies ) this does non look to be the instance. It seems in some instances that the rich or the elite have more influence than make other citizens in the government of out state. For illustration, support moneys and involvement groups. The elite are able to donate funding to their peculiar campaigner or party in the signifier of involvement groups. They give money to involvement groups, which is so given to campaigners for candidacy intents that help the campaigners financess for president. For the most portion this money is non freely donated. The elect privation to do certain that if their money is donated to a campaigner that their thoughts and beliefs will be supported in office if they do go president. With these sort of issues in head many others particularly the hapless will frequently chorus from voting because they feel that their ballot will non count anyhow. This thought is really much a world. ? The cost of runing has gone up significantly in recent old ages, and today campaigners pass huge amounts of money on political runs? Appelbaum and Chambliss ( 1997:370 ) . As said by Phil Gramm, people who give money are the best friends a politician can hold and the 1 that spends the most money wins. So the impact of disbursement through involvement groups and PAC? s are really of import. There are many differing sentiments on the issue of altering households in the last 40 to fifty old ages. I believe that if person were to look at today? s households in the same manner as one would hold forty to fifty old ages ago they are traveling to be in for a surprise. We have to recognize that non merely household has changed but our civilization and economic system excessively have besides changed. ? The thought of household is a group of people who identify themselves as being related to one another, normally by blood, matrimonies, or acceptance, and who portion intimate relationships and dependence? Appelbaum and Chambliss ( 1997:390 ) . Our society? s linguistic communication and definitions have changed so much over the last 40 to fifty old ages. For illustration? the significance of atomic household has besides changed since so? Appelbaum and Chambliss ( 1997:391 ) . Harmonizing to my category notes ( talk on household ) we used to sort a atomic household as a household with two biological parents and their kids normally more than one. Now in today? s times we classify the atomic household as? a societal group dwelling of one or two parents and their dependent kids? Appelbaum and Chambliss ( 1997:391 ) . Our society has changed so much in the last 50 old ages that individual parenting is really common and is frequently looked at as a norm. Another illustration of the altering times would be that of matrimony. Fifty old ages ago matrimony was an acceptable relationship between two people of the opposite sex. Now the definition is so basic that matrimony reasonably much merely has to be between to people including people of the same sex. If we are to look at today? s households as we did of those 40 to fifty old ages ago it would look that America had lost its sense of values. Families would besides be looked upon as immoral based on these same ideals. On the other manus if we look at household today as in relation to our society as a whole I don? T think that there would be to many surprises when it came to looking at household. When comparing both functional doctrine and struggle positions on instruction they seem to be in no manner the same. From a functionalism perspective instruction seems to be explained as preparing and educating people with basic accomplishments to last in today? s universe. As said by Emile Durkheim, stressing the map of formal instruction in socialising people into the norms and values every bit good as the accomplishments that are needed for the society to last ( Appelbaum and Chambliss 1997 ) . The functionalism theory is broadcasted as the? maps and transmittal of general cognition and specific accomplishments? Appelbaum and Chambliss ( 1997:453 ) . On the other manus we have the struggle theory of instruction. Harmonizing to the struggle theory? kids are taught at an early age to specify their academic aspirations and abilities in maintaining with the societal category of their parents. The lower one? s societal category, the less likely 1 is to value higher instruction as a plausible avenue to upward mobility, and the less likely one is to work to stand out academically? Appelbaum and Chambliss ( 1997:455 ) . So in most instances the struggle theory provinces that the category you are in is the 1 that you will remain in throughout your life. Besides as an illustration of my category notes ( talk on instruction ) most lower income households kids will have a lower or less able instruction than would a individual who is of a higher category that would travel to a private school for case. When comparing the two theories it seems that both functionalism and struggle theories have some mistakes and some virtue. ? Education is a dual edged blade. For some, it helps to cut down inequality by opening up new possibilities for societal mobility. For others, it reinforces bing inequality by supplying unequal educational chances harmonizing to one? s race, ethnicity, societal category, or gender? Appelbaum and Chambliss ( 1997:457 ) . ? Emile Durkheim? s The Elementary Forms of the Religious life ( 1965 ) , written in 1912, propounded what has prove to be one of the most influential and digesting theories in the sociology of faith? Appelbaum and Chambliss ( 1997:480 ) . Harmonizing to my category notes ( over faith ) Durkheim based his surveies on Natives who? s faith had been the same for many old ages. ? He found that the natives divided their universe into to groups which are profane and sacred? Appelbaum and Chambliss ( 1997:480 ) . Profane being a domain of everyday day-to-day life harmonizing to my category notes ( talk on faith ) and sacred as a more of import sphere with a religious background. ? Durkheim? s bold theoretical decision was that, in all societies, the kingdom of the sacred serves an of import societal map for the societies, the kingdom of the sacred serves an of import societal map for the society as a whole? Appelbaum and Chambliss ( 1997:480 ) . ? Marx on the other manus did non consistently analyze the nature of faith in society, although he clearly recognized its cardinal importance? Appelbaum and Chambliss ( 1997:481 ) . Through a Marx position, societies are divided into categories. For illustration Marx, divided faith into hostile and opposing categories in his account of faith ( Appelbaum and Chambliss 1997 ) . In one of Marx? s most celebrated statement he says, ? Religion is the suspiration of the laden animal, the sentiment of a hardhearted universe, and the psyche of soulless conditions. It is the opium of the people? ( in McClellan, 1997, p.64 ) . I believe what Marx? s is stating here is that faith is based chiefly around a higher category of people suppressing the hapless and maintaining them from going involved. Like most theories Durkheim? s and Marx? s seem to hold strengths and failings. Harmonizing to my category notes ( talk on faith ) Durkheim seems to hold many strong statements that look to be logical but we besides have to take in consequence that his surveies were done on a Australian hunting and assemblage folk and would non transport every bit much weight while looking through his position in the 20th century. Marx on the other manus has a more modern attack which would appeal more to today? s times but seems to set to much accent on what the elite can set over on everyone else. For illustration, ? One of these jobs is that Marx? s notation that faith is a bewilderment enabling the governing category to draw the wool over everybody? s eyes is clearly simplistic? Appelbaum and Chambliss ( 1997:481 ) . The separation of church and province is sociologically debatable for many grounds. ? Sociology is the systematic survey of human societal dealingss, groups, and societies? and when looked at Sociological stand point at that place seems to be no separation Appelbaum and Chambliss ( 1997:6 ) . Religion is non controlled by the provinces so it acts upon society as does the authorities and at that place seems to be know line drawn between the two so it is really hard to analyze. Since there is no regulating of faith? it is besides hard to gauge faithfully the figure of people belonging to churches? Appelbaum and Chambliss ( 1997:491 ) . Harmonizing to my category notes ( talk on faith ) although it is hard to gauge the exact growing of faith we can state that it has grown steadily since the United States were founded. Another ground this is debatable is because of the figure of spiritual organisations. ? One ground so many people belong to religious organisations is that there are an tremendous figure of such organisations one can belong to? Appelbaum and Chambliss ( 1997:491 ) . This besides presents trouble because of the figure of people belonging to multiple spiritual groups. Surveies besides look to be deceptive because the replies given during the study frequently seem to stretch the truth for illustration stating that you pray more than you really do.

Accounting for Business Combinations for Greenvale Energy

Question: Discuss about theAccounting for Business Combinations for Greenvale Energy. Answer: Introduction The issue presented in the question is that Greenvale Energy Limited in its annual report of 2016 has revealed its financial performance and operations during the year that it has committed. Now the question lies in the fact that whether the company has adhered to the requirements as mentioned in AASB 8. Therefore in this study a brief idea about AASB 8 as well as the operating standards of Greenvale Energy Limited can be known. Operating Segment and Reportable Segment of Greenvale Energy Limited The operating segment of any entity means essentially a list of the operations undertaken in order to add to the revenue generation of the company. On the other hand the term reportable segment refers to the fact whether the information disclosed in the operating segments have been reported properly or not, that is, whether there is enough information about the nature of the product, its production process, nature and type of customer and all other relevant information. Disclosures not having quantitative thresholds are also considered a reportable segment. Greenvale Energy Limited in its annual report has mentioned that it has undertaken the operation of asset development by exploring the Alpha Oil Shale Deposit. Though the company has mentioned in this certain disclosure that it has failed to provide the Statement of Resources and Reserves now because of partially out-dated data that has been preserved poorly and has been outdated, thus the operation has been downgraded to the leve l of exploration target. Tables summarizing the oil shale exploration targets have also been disclosed. The Asset Divestment disclosed by the company is a clear and concise report and very effectively gives a clear understanding of the actions taken by the company. In the Asset Divestment disclosure as revealed by the company every little detail in regards to the downfall of the company in the financial year of 2015 till the time when it sold its assets, everything has been mentioned in a clear and concise way (Annual Report, 2016). Compliance with AASB 8 The company, Greenvale Energy Limited has rightly adhered to the laid down regulations and policies of AASB 8. The disclosures essentially have been prepared in such a way that a particular investor or a stakeholder will get a clear idea about the financial condition and position of the company. There are certain areas where ample scope regarding improvement can be identified (Faras and Rodrguez 2015). For instance the operating segments broadly do not meet the quantitative threshold, that is, if the segments cold have been backed up by more data then it could have been included under operating segments without having to include them under reportable segments. Moreover the information disclosed by the company in the concerned disclosure is simple and easy to understand and comprehend enabling any third party investor to get interested in the affairs of the company thus adhering rightly to the mentioned standards in AASB 8 (Kan and Gray 2013). For each disclosed financial item if the total of all reportable segments do not equal to the corresponding consolidated figures for the whole group then the particular financial item may still not have been received that is it has been recorded on terms of its occurrence and not receipt. This would definitely prove that the financial statements are prepared on the basis of accrual basis of accounting. References Annual Report of Greenvale Energy Limited, 2016. Faras, P. and Rodrguez, R., 2015. Segment disclosures under IFRS 8s management approach: has segment reporting improved?. Spanish Journal of Finance and Accounting/Revista Espanola de Financiacion y Contabilidad, 44(2), pp.117-133. Kang, H. and Gray, S.J., 2013. Segment reporting practices in Australia: Has IFRS 8 made a difference?. Australian Accounting Review, 23(3), pp.232-243.