Objectives And Standards Of Financial Reports University Essay Example

Governments have unique characteristics which require a different accounting guideline than what is typically found in proprietorships and not-for-profit organizations. The GABS has set the objectives and standards that government agencies utilize in their financial reports. The cornerstone for this financial reporting is accountability and requires governments to answer to their citizenry, justifying funds that are raised, and how they are spent. The objectives of the financial reporting are as follows: Interpreted equity which is the review of rent year revenue and if this funding had the ability to pay the current year services.

Budgetary and fiscal compliance determines if funds have been used in accordance with the governments legally adopted budget. Service effort costs and accomplishments assist users in assessing the costs and accomplishments of the government entity. Additional objectives include information about financial sources and how the funds are spent. The financial reporting should provide users with information about Government financed activities and if it has met its cash requirements.

It should also include; if entities financial position has improved or deteriorated, the financial position and condition of government entity, and any legal or contractual restrictions or risks of resources. FAST is used for not-for-profit entities and the objectives are similar to GABS since they also have a specific audience they must be accountable to. The objectives of this board are to provide information that is useful to potential and present providers regarding the allocation of funds and if the agency has the ability to provide the services necessary to the organization.

It must provide documentation describing how management has discharged responsibilities and their own performance. Economic resources and obligations need to be included along with any changes in such. The financial report should also include how the organization spends the funding, borrowing or repayment of funds, performance and accomplishments, and other factors that may affect the liquidity of the organization. The similarities with both boards are the accountability of funds to a specific audience, and management’s role in the organization.

GABS is required to complete an annual report where FAST does not specify annual, but they do need to specify a certain time frame used in the report. Both need to provide users in how funds are spent and what has been accomplished through this. Many companies will utilize the accrual basis of accounting. In the next paragraph two types; modified accrual basis and full accrual accounting will be discussed. Full accrual accounting is the process of tracking transactions opposed to cash flow. When the organization provides a service it will then record the income earned.

The same process applies when a purchase is made, and it will record the expense. This method is helpful for an organization that wants to keep track of income and expenses as they occur. With the modified accrual basis, the income earned is recorded just like in full accrual accounting however; when an expense occurs, it will only be recorded when it has been paid. This method allows for more financial flexibility since expenses are not recorded until paid. In conclusion, both the GABS and FAST assist in holding the organization accountable for funds which re collected and spent.

Magical Wonders Macbeth Research Paper Magical

Magic What is magic? By definition thaumaturgy is the assumed or supposed art of utilizing secret appeals and liquors to do unnatural things happen. Magic is besides the art or accomplishment of making semblances, particularly by dexterity of manus.

The thaumaturgy that happens in Macbeth is different and besides similar to the definition of Magic. There are tonss of charming admirations that happen in Macbeth. The three chief charming admirations in Macbeth are when he meets the three enchantresss in the hill. When he sees Banquo s shade in his place, and besides when Lady Macbeth is really sick and at dark she gets out of bed and goes to rinse off a topographic point of blood that will non come off her custodies.

The first charming admiration that happens in the book is when Macbeth and Banquo meet the three enchantresss up on the hill during the conflict. This may non look like that great of thaumaturgy because it is non. It is merely charming when he is being greeted with the three rubrics, Thane of Glamis, Thane of Cawdor, and King afterlife.

This is merely charming because it is like anticipation, but the charming thing about it is the fact that the enchantresss are reading the hereafter, they know what will go on to Macbeth s hereafter. This thaumaturgy is necessary to hold in the drama because it develops the most of the narrative, when the reader is reading it or if it is being preformed. It is besides a psychological device used to examine Macbeth s head because after he is done speaking to the enchantresss he considers killing off Banquo. This scene prones his head into killing Banquo.

The 2nd charming admiration is when the three liquidators kill Banquo. When Macbeth s feast is about to get down and one of the liquidators is at the door stating Macbeth that Banquo is dead and Fleance had escaped. After Macbeth hears this intelligence he goes back to his chair at the banqu et to happen the shade of Banquo in his chair.

Macbeth starts to travel brainsick believing person is playing a gag on him. The lone job is that no 1 can see the shade except Macbeth. This type of thaumaturgy is both a symbol and psychological device. It is more of a psychological device because it is the sort of thaumaturgy that plays with his head. Him seeing the shade of Banqou and no 1 else being able to see it is psychological because the shade is kind of a figment in his imaginativeness.

The last charming admiration on Macbeth is when Lady Macbeth is really ill. She starts to wake from her slumber and attempts to pass over this topographic point of blood off her manus. The nurse that is taking attention of Lady Macbeth notices this unnatural act and tells the physician about it. They watch her one dark as she sleepwalks. Talking to herself, as she rubs her custodies to acquire rid of the blood topographic point. She reveals some dark secrets about the slayings that have gone on particularly the Thane of Cawdor slaying ; the one she planned. She rubs her manus so difficult shouting at the blood topographic point to come off, but it won t come off. She says, out damned topographic point out I say, but the blood topographic point still does non come out.

When the topographic point will non come off she says in a sighed voice, what s done can non be undone. This is a psychological sort of thaumaturgy that happens in the drama because the blood topographic point does non truly be on her manus. It merely be on her manus to her because she can non acquire the slaying out of her head so she goes brainsick and starts to rinse her custodies as if they were dirty. This sort of thaumaturgy is besides a symbolic sort of thaumaturgy because it shows what can go on to peoples heads if they were to make such a thing.

As you know there are other charming admirations throughout the narrative. Magic can hold a powerful and non so powerful consequence on book, films and drama writes. In this instance thaumaturgy had a really powerful consequence on the drama Macbeth.

Content Requirements Report

The Final Report is a comprehensive application of everything that has been covered in the course. Your assignment is to prepare a formal business report according to the requirements described below. Imagine thou are a consultant hired by the Embryo Investment Group (EGG) to analyze a company and make a recommendation about whether or not EGG should acquire it. You may choose any company Of any size for consideration, as long as it is a public company that issues annual reports.

Content Requirements Your report will not only offer a recommendation regarding acquisition, it will also provide an abstract, an executive summary, background information about the company, an assessment of the company’s future performance, a description of the analysis methodology, supporting details and data, and references. Technical Requirements The final project must be at least 2,000-2,500 words excluding front and back matter, double spaced, with I-inch margins. You will use “Times New Roman” 2-point font.

You must use at least one table (or chart) and two graphics within the body of the report. You must use at least five (5) references within the body of report, with proper PAP citation format. No more than of your paper should be direct quotes. Any direct quotes should be used to support your own analysis and recommendations. Do not copy large sections of content verbatim from other sources. NOTE: While preparing your Final Report, be sure that you fully understand he PAP citation guidelines in Module 10 (there are additional links on the course Resources page).

You must properly cite your required five (or more) references both in the body of the report–including quotation marks for direct quotes-?and at the end. You must also cite where you obtained facts, ideas, images, and any other content, even if they are not direct quotes. Failure to properly cite sources will open you to serious charges of plagiarism and academic fraud, which could result in unwanted disciplinary action. Don’t take a chance.

Cite your references correctly. Your report must, at a minimum, incorporate the elements of a formal report that are listed on page 552 of the textbook. Use good document design and usability principles regarding headings, sections, use of bold text, etc. Grading criteria Content Requirements: 50% Technical Requirements: 30% Grammar/Spelling/Style: 20% Total: The final report represents 30% of your grade and is due the last week of the term.

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