Tuesday, December 24, 2019

Running in the Family - 3954 Words

Plot Summary A Sri Lankan-born Canadian novelist and poet, Philip Michael Ondaatje, wrote Running in the Family. He is best known for writing The English Patient. But this book is not a work of fiction; instead, it is a memoir from his youth in Sri Lanka. The events happening in the book can be classified as creative non-fiction. The book is written in postmodern style, with writing from the perspective of different real-life individuals and refraining from stringing narrative together in an orderly fashion. The focus of the book is Michaels family. The Ondaatje family had lived in Ceylon for centuries, so he has a large number of relatives who live there. The main focus of the book is on his alcoholic father, Mervyn Ondaatje. He also†¦show more content†¦The third letter describes when one of Ondaatje’s siblings left for England. Their mother left the house to go to the port to say good-bye to her son. She couldn’t be out of the house for long, as her husband would wake up soon, and start drinking again. The fourth letter is from another sibling of Ondaatje and it describes how their father used all the pillows when he slept, and how he made his children massage his feet for ten minutes. The next letter is from a close friend or relative of Ondaatje and it describes when Mervyn’s wife had left him. She had acquired Para-typhoid, but Mervyn wouldn’t believe her. She convinced their servant that it was a serious illness and he went into town to phone person who wrote the letter. They arrived and took her to Colombo to put her in the Spittel’s Nursing Home. After she was released, she didn’t go back to Mervyn and lived with Noel and Zillah at Horton Place. The sixth letter is from a sibling of Ondaatje and it explains how he or she was lying in bed at night, and could hear the commotion from the other room. The next letter describes how Doris, Mervyn’s then ex-wife, had traveled to England after leaving Mervyn. She worked at the Mount Lavinia Hotel, and then the Grand Oriental Hotel. She would get frequent visits from her niece, Wendy, and about sixShow MoreRelatedAdvantage and Disadvange of Running a Family Business1181 Words   |  5 PagesBusiness The benefits of running of family business far outweigh the disadvantages. Relate this to your personal experience. Use specific examples and provide appropriate evidence to support your answer. The definition of family business is a group of family members have controlling shares in a business (IFC Corporate Governance). Today, most family has their own company or factory. The family business across the world and continue to be more hopeful. The research shows that family businesses are positiveRead MoreAnalysis Of Michael Ondaatje s Running Of The Family Essay927 Words   |  4 Pagesclassroom, instead could be found wandering about aimlessly. 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Monday, December 16, 2019

My Summer Vacation Free Essays

Summer vacation is something that we all look forward to. Some of us plan our summer vacation down to the last detail, and some fall into it as a welcome relief from plans. Somehow, every year, summer flies by. We will write a custom essay sample on My Summer Vacation or any similar topic only for you Order Now Since it is already june, I’m starting to accept the fact that the warm summer months are already over. So, I would like to share the highlight of my summer. Since I had summer classes I wasn’t really able to go to different places, relax and feel the heat of the sun. Most of the time, I was just in school attending my classes and studying my lessons. But I guess one of the most awesome thing that happened last summer was when I met my girlfriend. It was one hot summer afternoon when I saw her. I was talking to the girl I was courting at school when she came by, and I was quickly mesmerized by her beauty. What happened after that is like a dream. We spent every waking moment together. I had always been a little shy around girls, but she was so easy to talk to that I forgot to be tongue tied. And before summer ended we went to Cebu. I met some of her friends there and we hanged out with them. We also visited some of her favorite places. I am thankful for the wonderful memories I have with her and our fantastic summer together as well as for the awesome experience of having loved someone so intensely. How to cite My Summer Vacation, Papers My Summer Vacation Free Essays â€Å"Hey, [insert name]? Whassup? † I yelled from the tree, but [insert name] didn’t hear me. So I had to grab another apple and then climb down from my tree to go talk to him. By the time I got over to [insert name], he was just sitting there in the grass like a zombie with this stupid grin on his face, staring off into space. We will write a custom essay sample on My Summer Vacation or any similar topic only for you Order Now â€Å"Wassup workboy? † I asked as I plopped down onto the freshly cut grass beside [insert name]. Well, he told me what’s up alright: endolphins! Oh, yeah! [Insert name] was getting paid a whole ten dollars to get high. I didn’t understand what [insert name] was talking about with this dolphin high, but then I kinda’ figured out what he was trying to say. If I ran around the yard really fast with the lawnmower, my brain would get endolphins that make you high. So, I grabbed the lawnmower and raced off to finish mowing the grass so that I could be high too. It worked! We sat there laughing about being paid to get high. The rest of my summer vacation was spent mowing grass, painting a garage, and in helping my dad put new cupboards into the kitchen for my mom. They never suspected that I was getting high on dolphins while I was working. Parents are pretty dumb about that stuff; they thought that I was smiling because I liked getting paid. Well, the pay was good too because I made enough to buy a new [insert item] at a back to school sale. On this summer vacation I learned that I want to exercise more so that I can play sports at school, and then teach the whole team how to get high on endolphins. Adults are so stupid trying to get high on drugs and alcohol while dolphins are still legal. Kids are smart. We know a good thing when we see it. There’s nothing like spending your summer vacation getting high legally, and getting paid to go do it. [Teachers name] I asked my Mom to read this summer vacation essay before I turn it in, and she wants you to write her a note that I can take home with me to explain what endolphins are. My big sister says they are endorphins, not dolphins, but she always lies to me to get me in trouble at back to school time. Thank you. The end. How to cite My Summer Vacation, Essay examples My Summer Vacation Free Essays My Summer Vacation My summer vacation was really fun and I enjoyed every minute of it. The first day of my Summer vacation was boring, but I knew it would be because it was the first day. I spent Almost my entire summer vacation with Astrid and my cousin as well as my family. We will write a custom essay sample on My Summer Vacation or any similar topic only for you Order Now The first thing I wanted to do was to go to the beach. I ended up going to the beach, but it Was when Tania invited me to come out of a video for her fifteen and I of course I said Yes. As well as Astrid did too. I was really excited that I was finally going to the beach. When we got there the first thing I saw was the beautiful ocean. I wanted to get out of the Car already so that I could smell the fresh air of the ocean. But when I got out of the car It turned out that it was really cold and I was freezing. I had a great time though because I spend the day with my friends and I finally went to the beach. I also did lots of Shopping this past summer vacation. So there was a day that I decided that I was going to Go the mall and buy clothes. I called Astrid and said, â€Å"Hey Astrid lets go to the Mall† and she agreed on coming with me. Well then after a few weeks I went to the Movies with my sister and my cousins, we watched Green Lantern. And after a few more Days I went to the movies again but this time I saw three movies which were: Sucker Punch, Soul Sulfur, and Scream 4. There was a day where I really wanted to go bowling, But I had no idea who would I go with and who would take me . Then I called Astrid and Asked her if she wanted to go and later that day we went bowling and I was really happy Afterward. I had sleepovers with Astrid and my cousins and we would talk about so Many things. Then my cousin invited me to a party that I was really excited about. I also went swimming at my mom’s friend house; I enjoyed having the water on my face. While we were in the pool we played some volleyball, but I really wasn’t good at it so Team eventually lost and they weren’t very happy with that. When we got out from the Pool we went to see some movies with some chips and sodas. This summer was the best Summer vacation I ever had, I did so many things that I thought I wouldn’t do, but I did And I am very happy about that. My was goal was to have the best summer vacation and I achieved my goal. I had so many experiences and achievements. I hope I have another Great summer vacation that I won’t forget. How to cite My Summer Vacation, Papers

Sunday, December 8, 2019

Resisting compliance with IFRS accounting - MyAssignmenthelp.com

Question: Discuss about the Resisting compliance with IFRS accounting. Answer: Tabcorp holding limited The following assets have been subject to impairment testing- Property Plant and Equipment Investment Other Intangible Assets Goodwill Trade Receivables The firm has done impairment testing based on the concepts of fair value and value in use and carrying amount. The internal and external factors related to impairment are tested to state whether the fair value of asset is more than the carrying amount or not(Choy, 2018). Based on the same, impairment loss is calculated and is allocated to the different cash generating units in the balance sheet. An extract of the same is attached below- No, the company has not recorded any impairment loss in the income statement, but has disclosed the same in the notes to account and has provided a statement on the same. In case there was any expenditure it would have been due to due diligence or any transaction cost(Dichev, 2017). The key assumptions made by the firm in conducting the impairment testing are at the discretion of the management of the company and is widely based on the overall past and present experience with respect to this matter(Goldmann, 2016). An attachment is given below highlighting the key assumptions made by the management- There is a lot of subjectivity involved in the impairment testing and most of this is based on the guidelines issued by the IFRS and US GAAP. Most of this is assumption based, because many intangible assets are said to have indefinite life on paper, but in reality, they may not last that long. This might end up affecting the total impairment testing process conducted by the companies and might often lead to avoiding impairment testing or conducting the same with a lesser amount(Carlin, 2010). The most interesting thing was all the details about the assets tested for impairment and how the testing was done was given in brief. The most confusing thing was the testing of receivables as same is related to the bad debts and the provisions made for it(Md Khokan Bepari, 2014). There is a lot of difficult involved in understanding the various factor that triggers impairment. The new sights that were gained in this assignment was on how companies were conducting this process of impairment testing and not just intangibles, but many non-financial assets can be subjected to the same(DeZoort Harrison, 2016). Based on the above analysis, it can be said that fair value is the total price that a company will receive for transferring any asset or liability based on the prevailing market prices. It takes into consideration various other costs like replacement cost, separation cost etc. It reflects the true value of the assets and liabilities and is calculated in the most rational method possible. New Leasing Accounting Standard In this part, the objective assessment of the new leasing standard will be done to throw light on the aspects on why the same is better than the old leasing standard. Hans Hoogervorst, the Chairperson of the IASB believes that the old leasing standard was not reflecting the correct position of the economy and it was not giving an accurate and true presentation of the financials of the company to the investors. It can be said as true because most of the leases that these companies are having are operating leases which are not required to be reflected on the balance sheet. As per reports out of the three trillion-euro worth leases, 85 percent are operating leases that are not reflected on the balance sheet and are mentioned as a non-balance sheet item(Alexander, 2016). Thus, if these are reflected on the balance sheet, the overall liabilities will increase tremendously. Thus, the companies who are now reflecting that they have no lease liability based on the old standard are having debt in the form of operating leases and this is given a wrong impression to the shareholders of the company. As per the former accounting standard, the lease liabilities were more than 66 times than what was reported on the balance sheet. Given to the fact that none of the short or long-term leases were required to be reflected on the balance sheet(Boccia Leonardi, 2016). Thus, this not only presented a wrong picture to the shareholders and investors but also hampered the overall comparability of the companies worldwide. Many companies went bankrupt when they were required to pay off these debts of leases. The Chairperson of the IASB that before as per the old standard there was no level field playing for the airline companies, who takes the fleet of airplanes on operating leases and does not reflect the same on their balance sheet. This helps in showing the balance sheet at a better position. But along with the airline companies other companies are also using the old standard to reflect lower liabilities. This hampers the overall comparability between the various companies. But with the new standard this issue has been solved, and now there is better transparency on the amount of liabilities and the accurate financial position of the companies(Carlin, 2011). The Chairperson that the new standard will not be very popular and people will not like it because nobody likes changes that makes them put some extra effort or work more. With the advent of the new standard the companies would need to make changes in their balance sheet, with increase in their debt position, this will hamper their credibility. These companies would no longer be able to enjoy the benefits of the old standard. The chairperson of IASB mention the new visibility of all leases will lead to better informed investment decisions by investors, and to more balanced lease versus buy decisions by management. Because changes in the leases would help in improving the comparability between different companies and it will also present a transparent picture to the shareholders and the investors about the financial position of the company(Carlin, 2009). It will also help the companies in making capital budgeting decisions and as IASB has provided certain relaxation to the companies in reporting of short term and small leases, so the overall materiality will not be hampered. References Alexander, F., 2016. The Changing Face of Accountability. The Journal of Higher Education, 71(4), pp. 411-431. Boccia, F. Leonardi, R., 2016. The Challenge of the Digital Economy. Markets, Taxation and Appropriate Economic Models, pp. 1-16. Carlin, T. a. F. N., 2010. Resisting compliance with IFRS goodwill accounting and reporting disclosures evidence from Australia. Journal of Accounting and Organizational Change, 6(2), pp. 260-280. Carlin, T. a. F. N., 2011. Goodwill impairment testing under IFRS: a false impossible shore. Pacific Accounting Review, 23(3), pp. 368-392. Carlin, T. F. N. a. L. N., 2009. Goodwill accounting in Malaysia and the transition to IFRS a compliance assessment of large first year adopters. Journal of Financial Reporting Accounting,, 7(1), pp. 75-104. Choy, Y. K., 2018. Cost-benefit Analysis, Values, Wellbeing and Ethics: An Indigenous Worldview Analysis. Ecological Economics, p. 145. DeZoort, F. Harrison, P., 2016. Understanding Auditors sense of Responsibility for detecting fraud within organization. Journal of Business Ethics, pp. 1-18. Dichev, I., 2017. On the conceptual foundations of financial reporting. Accounting and Business Research, 47(6), pp. 617-632. Goldmann, K., 2016. Financial Liquidity and Profitability Management in Practice of Polish Business. Financial Environment and Business Development, Volume 4, pp. 103-112. Md Khokan Bepari, S. F. R. A. T. M., 2014. Firms' compliance with the disclosure requirements of IFRS for goodwill impairment testing: Effect of the global financial crisis and other firm characteristics. Journal of Accounting Organizational Change, 10(1), pp. 116-149.