IT metrics Essay Example | Topics and Well Written Essays - 750 words

IT metrics - Essay Example The economic value of IT to a company tends to depend on the particular business needs of the company under focus. Broadly speaking, IT tends to contribute to four major areas in nearly all businesses. These areas include the corporate market position and revenue generation; customer support for business operations; direct and indirect fiscal benefits such as cost savings; and investments in IT that enhance the business operations through value addition. Depending on the nature of the business in focus, it would be pertinent to measure the value of IT contribution accordingly. It has been suggested that IT’s contribution to economic value can be measured most effectively considering the absence of the relevant IT services to a business (Sliger & Broderick, 2008). The economic value of IT to a business can be measured best when considering what would happen if IT services and goods were removed. Although this may seem an extreme method of quantification, it provides the most re alistic scenario. In a similar manner, businesses should focus on areas that matter most - such as the delivery of goods to customers after booking. This allows businesses to see how IT adds to the baseline operations and lets the business realize in what way IT system would augment revenues best. The implementation of IS in a business operation is to ensure that security breaches are not able to affect the entire business operation negatively. Quantifying the returns provided by IS to a business operations environment may not be simple at all.... This allows businesses to see how IT adds to the baseline operations and lets the business realize in what way IT system would augment revenues best. IS Value Assessment Models The implementation of IS in a business operation is to ensure that security breaches are not able to affect the entire business operation negatively. Quantifying the returns provided by IS to a business operations environment may not be simple at all. On the one hand, there are businesses that are transacting secure information such as credit card numbers using IT; on the other hand, there are businesses that are doing little more than providing customer support online. Using similar methods to measure IS value addition for various businesses is highly unrealistic so various models are in place that depend in large part on the nature of the business in question. It is recommended that businesses define in detail what areas are to be valued most in terms of security. The reasons behind such value addition class ification should also be expounded based on value addition to business operations. Once such value addition areas have been specified, the next step should be to classify IS value addition (Tsiakis & Pekos, 2008). Applicability of Traditional Financial Ratios and Measurements Traditional financial ratios and measurements cannot be applied to IT and IS directly, but instead, they require some manipulation before they can be applied. It is pertinent to note that fiscal ratios and measurements are not fully applicable to a number of different IT and IS areas such as the provision of bandwidth, virus detection rates, etc. However, this does not indicate that fiscal ratios and

Diversification of Agriculture Essay Example for Free

Diversification of Agriculture Essay Diversification in this case (agricultural diversification) involves the realocation of a, or some of a farms resources, to a new product or products. The prime resource of that time being sugar and the new products being the wide variety of crops that were produced and re-introduced by peasants. Peasants are a class of people of a lower status, who depends on agricultural labour for subsistence. The peasant life could be placed and termed in different categories. According to Mintz 1961, a peasant style of life was worked out by the people while they were still enslaved, these people were refered to as proto-peasants. he also makes mension of runaway pesantries or marrons, whome he described as, those who formed communities outside colonial authority, build on subsistance farming in mountainous or interior forest regions. This research will higlight how the peasants produced a wide variety of crops and the reintroduction of old ones. The purpose of this research is to show that the diversification of the caribbean economy was beecause of peasant initiative. had it not been for their efforts, the old sugar monopoly would have prevailed in the post emacipation period sustaining a system of bankruptcy and decay. Woodville K Marshall wrote, our pesantry starts in 1838 an comprises of ex-slaves who started small farms on the peripheries of plantation wherever they could find land on abandon plantations and in the mountainous unknowns of various teritories. the first aim of the ex-slaves was to move away from the forced and unpaid labour. Many others preffered to stay in their own homes amongs friends and relatives with expectations of earning enough cash to purchase certain commodoties that they were unable to gain as slaves. The feeling of complete freedom, of the plantation was only recodnise by free people if they could aquire there own lands. the simplest methods of getting propperty was to buy unoccupied land, either from land belonging to plantations which was not farmed by owner and crown lands. these crown lands was most popular in Trinidad, British Guyana and the interior of Jamaica. Land ownership also came about by squatting on unused land in the the remote interious of the large colonies. People who purchase property outright were more fortunate than squatters, they gainned written proof of ownership and the land they bought was already cleared and close to markets. however outright purchase was the exception, not the rule. The exslaves were aslo able to aquire land in other intances through missionary help. These include popular missionaries such as James Phillips and William Nibb. In 1835 Phillips, bought 10 hectares in the mountains behind Jamaica Spanishtown, subdivided the land into small lots for sale on easy term to his congregation. the new community named sligoville was the only settlement during apprenticeship. In july 1838 William Nibb shared the belief that planters would try to force extra work from their free labour by dramatically increasing rent on estate fig. 1 Newcastle, free village, in the Jamaica blue mountains. homes. William took up the mantel to help his congregation, he told them about a loan of ten thousand pounds that was granted to him by a friend from england. Knibb then said, that sum should be apropriated to the purchase of land on which you may live if your present employer force you to quit the properties on which you now live. Williams predictions came through, the planters acted as he had foreseen and by 1839 he was constructing several Free Villages for labourers who did not want to risk increases in rent on the plantations. The missionary society was quite abdoman in the development of the pesantry. Upon discusing the success of the pesantry one must give an account for the stages of development which includes the period of establishment (1839 1850-60). This was highlighted by the rapid land ownership, and the incresing number of peasants. observers of the caribbean stated, the great and universal object of the ex-slave was the aquisition of land, however limited in extent. Larger population, small size and a long established sugar industry left few oppertunities for land aqusition for peasants of island territories such as Barbados, St. Kitts and Antigua. Ex-slaves from these colonies had to think emigration. However, countries like Jamaica and the Windward Islands the sugar industry left underdeveloped montainous interiors . In Trinidad and Tobago and British Guyana a small population and young industry created many oppertunities for land aquisition. Efforts of the exslaves were so successful in the named countries that emmancipation officials were reporting an almost daily increases in number of free holders. Another stage of development is the period of consilidation in which the peasantry continues its growth in numbers and most important, a marked shift by the peasants to export crop production. For example in Jamaica (only teritory with complete figures for small holdings) the number of holding between 5 and 49 acres increased from 13 189 in 1880 to 24 226 in 1902 to 31 038 in 1930. However the most important phase of the development is what Eisner calls a new pesantry. Eisner national income estimate for Jamacia for 1850 and 1890 reveal a shift from maily provison production to mixed provisions that could be exported by peasants. a very good example of income was the value of the export crops (sugar, coffee, rum, pimento, ginger) in 1850 its estimated by Eisner at 1 089 300 pounds, of which small settlement contributed 133 500 pounds or just over 10%. The variety of products continued to grow, and shares rising until the third period (1900 and beyond). At this stage the pesantry did not expand and evidence shows that it might have been contracting. Table 2 below shows an example of evidence of a decrease in peasant holdings in Jamaica. Initially, before the growth of the peasantry, ex-slaves decided to set up themselves as peasants because although slavery had ended the principle of forced labour, had only changed to contolled labour upon those who remain on the plantations. Many who stayed in hopes of becoming wage owners, plans were shattered within a few years becasue of different reasons. Amongs these different reasons the system of tenancy which compelled the slaves to labour steadily and continuosly on the estates in return for secure residence in the house and ground which he had occupied as a slave, insecurely of tenure, as well as relatively low wages and increases in rent reinforced many ex-slaves determination to seek new and better oppertunities away from the estates accross the caribbean. a small population of the slaves were skilled which meant those who couldnt be masons, carpenters, barrel makers, wheel wrights and cart builders had to turn to the best known alternative, the soil. Only this time there hard labour would of been for their survival and not to fill their masters stock. The peasantry afforded them with the oppertunity to become wage earners. On the basis in which the pesantry was running, it was basically characterise, the pure plantation economy and society. Although the peasants were producing a great quantity and variety of subsistence food and livestock, they strove to expand their boundaries by introducing new crops and or re-introducing old ones. Bananas, coffee, citrus, coconuts, cocoa, spices (ginger and pimento), and log wood in Jamaica; Cocoa, arrowroot, spices, bananas and log wood in Windwards, were the most popular crops introduced and or re-introduced for exports. the Leewards grew arowroot as a staple export crop. It has been recorded that St. Vincent alone sold 613 380 kilograms. Small holders in Grenada exported coffee, cotton, cocoa, copra, honey and beeswax. In Trinidad squatters sold the timber they gainned from clearing crown lands for charcoal burning and export some for boat buiding and later exported coffee and cocoa. The guyanese was one of the few that was into the exportation of the rice crop. Most of the caribbean teritories were at some point in time producing certain crops for export and gathered profitable incomes. It is quit evident , that the pesantry has accumilated musch success. With the help of the missionaries and the income gainned, peasants were able to initiate the convension of plantation socities. they adapted to building local self-generating communities and used funds that they had alocated from exports along with babtist missionaries ( missionary help was popular mainly in Jamaica) who were quite abdoman in helping the peasants organise free villages and the construction of school such as Cadrinton primary school in barbados, which was run by missionaries and churches for learning and worship. They also clamoured for expansion of education facilities, communication and better maketing schemes and facilities. The peasants were able to start local co-operative movement (sou-sou, box hand and partner hand) which later develop banks some which may still be in exsistance today.

Essay --

Should we always act rationally? Rationality is the practice of acting by reason, yet reason is variable and individual specific. Reason means in accordance with the facts of reality while the alternative would be acting by impulse. This result is an undesired consequence and in result is irrational due to the action being based upon belief. Reason is man’s mean of survival, having the mindset of not making the right decisions challenges the ability to live. Additionally, a consequence of acting irrationally is that it weakens the ability to act rational in the future. Upon choosing to act irrationally, one is acknowledging a lack of trust within the mind; repeated actions or irrationality will result in a belief of one’s practice. Man’s basic vice is suspension of his consciousness or having an unfocused mind resulting in refusal to know. Also, commonly used terms include stating something is rather rational or quite rational implying that rationality is a matter of degree. Now, we sometimes assess the rationality of a given decision. Indeed, we very often do in the sense that if ...

Moses Mendelsohn and the Religious Enlightenment

â€Å"His life our standard, his teaching our light† Isaac Euchel wrote about Moses Mendelssohn. Moses was a model for Jews in Germany during the late 1770’s, and a dominant figure in the emergence of the Haskalah. The Haskalah borrowed many forms and categories from the already existing European Enlightenment, but its contents were largely derived from medieval Jewish philosophy and biblical exegesis. Within the novel, Moses Mendelssohn and the Religious Enlightenment, David Sorkin conveys how Moses made the German Enlightenment compatible with Judaism, and shows Moses to be a more consistent thinker than previously believed; his views on Judaism, natural laws, and natural rights developed early and remained consistent throughout his lifetime. Sorkin accounts Moses’ contributions to Jewish thought in three successive phases: philosophical, exegetical, and political. First, in the philosophical phase, Sorkin reveals the foundations of Moses’ thought. At an early age, Moses read the bible, memorized passages, studied Hebrew grammar, and wrote biblical poetry. All of these activates later were key in the Haskalah. In 1743, at fourteen, Moses moved to Berlin, which was at the center of the German Enlightenment, and theorist Christian Wolff was a dominating influence. Wolff’s focus was to natural theology, where he accounted that God's existence and attributes were the basis for theology and ethics. Influenced by Wolff, Moses sought to apply these Wolffian concepts to Judaism. Moses used his own version of Wolffian philosophy as a means to articulate his full belief in revealed religion. For example, he alluded that God was the source of all perfection and thus the source of metaphysics and natural theology. He thought that Enlightenment philosophy and Judaism complemented each other, and that philosophy served Judaism as an instrument of self-articulation. As a result, he began to write philosophical works in German, and Jewish works in Hebrew. Most important during the start of his career, he introduced a distinction between practical and theoretical in philosophy, which was also influenced by Wolff. Moses stressed a Jew’s primary obligation is â€Å"torah and good deeds†, not philosophical contemplation. To Moses, revelation set distinct limitation on theoretical knowledge, so he concentrated no practical knowledge, which was usually later seen in the form of commentary, since commentary was seen as the legitimate form through which truth is approached. Moses’ early Hebrew works were commentaries in which he attempted to renew the tradition of philosophy in Hebrew, again using ideas from Wolffian philosophy. His first work, The Kohelet Musar, was the first modern journal in Hebrew. Another subject he addresses is the concept of an ideal personality, which was in terms of ones individuals’ relationship to God and his fellowman. To Moses, the ideal is the â€Å"man of faith† who combines religious study, honest occupation, family, and trust in god. Also, in Moses’ early works, he argued the importance of the study of the Hebrew language and the bible. In a commentary on Maimonides’ Logical Terms, he insisted without Torah and tradition, we are â€Å"like a blind man in the dark†, and the true path to knowledge is the combination of torah and logic. Continuing the Wolffian beliefs, Moses asserted that although things might look accidental to man, to God they are all necessary. His early works such as The Kohelet Musar and Logical Terms were both commentaries that embodied Wolfian principles. However, The Book of the Soul, was different in the regard that it was a freestanding philosophical work that Moses withheld from publication. In Moses’ early works, Sorkin notes that the lack of any original content is significant. According to Sorkin, the conclusion of Moses’ philosophical career was with the Lavater affair in 1769-1770. By the end of the 1760’s, Moses’ philosophical position was established and would remain until the end of his life. He created a public dualism by publishing philosophical works in only German, and commentaries on Jewish subject in Hebrew. The Lavater affair contested Moses to support all of his fundamental ideas. Johann Caspar Lavater, a Swiss Protestant pastor infamously challenged Moses to refute the arguments of the theologian, Charles Bonnet, or convert to Christianity, which Lavater referred as a â€Å"Golden Bridge† to Christianity. However, this posed a public challenge to Moses as a philosopher and as a Jew. In response, Moses publically defended toleration on religious and philosophical grounds, but in private, he wrote counterattacks and criticized Christianity. This task was not simple, and he again used Wolffian principles help justify that Judaism was in perfect harmony with natural religion and reason. Sorkin interprets that Moses drove Lavater to end the affair, and made him isolate from the public, and Sorkin named this â€Å"the triumph of toleration†. Although Moses overcame Lavater, the affair also had grave consequences on Moses personally; the affair aggravated his physical and psychological condition. He was a hunchback, and developed a nervous debility, which was linked to his deformity, prevented abstract thinking and grew much worse during this Lavater affair. The next period of Moses’ career, Sorkin names Exegesis, where he focused on making the bible vital to the Haskalah. First, Moses created a commentary on Ecclesiastes that is part of â€Å"wisdom literature,† and thus was able to reiterate his preference of practical knowledge. He constructed a defense of Jewish exegesis on the basis of language, and strived to show how there are multiple meanings, which are reasonable. He said, â€Å"there are four methods of interpreting our holy torah-the literal, homiletical, allegorical, and esteric†, proving that words can bear multiple intentions. Also, in his commentary, Moses introduced divisions that did not follow the traditional chapters and verses in the bible, because he argued that traditional divisions were intended for the â€Å"convenience of the reader†. Another interesting aspect Moses brought up in Ecclesiastes, was that the idea that truth was universal and neutral, whatever its origins, meaning he deemed it permissible to use non-Jewish exegesis. Lastly, in this commentary, language was of importance because Moses used German translations in Hebrew characters, giving equivalents with entire sentence. Sorkin believes he did this to him, Hebrew was the ideal medium for the spread of the practical knowledge, in which laid the essence of Judaism. This Ecclesiastes commentary placed him at the head of the Haskalah’s efforts to revive biblical exegesis. Next, Moses worked for thirteen years on his translation on the Psalms, with the goal of producing an exegesis document of natural religion, translated in German, and would be source of practical knowledge for Jews and Christians. Sorkin brings attention to how Moses uses the term â€Å"edification† in reference to the Psalms, which emphasizes his desire for an exegesis that would encourage universal religiosity. In the Psalms, Moses asserts that the sublime is a form of art, and the highest form of beauty. Moses thus disagrees with the idea that God is â€Å"the most sublime being† because he believed that the sublime was not natural, but artistic, existing as a human creation. Furthermore, he affirms that the sublime’s aesthetic impact is admiration, and its spiritual impact is edification. Unfortunately, the translation of the Psalms was only a success among the Jews, and others stated that, â€Å"nothing could be further from the truth. † Sorkin viewed this as a confirmation that Moses’ best medium is commentary, not translation. During the same thirteen years that Moses translated the Psalms, he also translated, commented, and wrote an extensive introduction to the Pentateuch, titled Book of the Paths to Peace. This translation aimed to convey a literal meaning of the text through a fluent German translation. While Moses remained the key contributor, he had four Maskilim participate, and this made a shift in the Haskalah. This book is divided into three themes: practical knowledge, literal meaning, and the use of history. In the first part of the Book of Paths to Peace, Moses viewed the Pentateuch as the primary source of practical knowledge for the Jews. Sorkin noticed he repeatedly argues â€Å"virtue must be made into a â€Å"second nature† by the continual exercise of moral judgment. Moses asserted that compared to the rest of humanity Israel had a special role, because those who reside in there all â€Å"believe† and the bible is a handbook of practical knowledge. Also, in the Pentateuch, Moses wrote â€Å"man is by nature and social and will not achieve success without help from others of his kind†. Interesting, Moses stressed that God created everything, and he that he is beyond nature, and thus â€Å"science† had no place in a commentary on Creation, which further showed his resistance to theoretical knowledge. Sorkin again demonstrated how Moses kept consistent in his views, since practical knowledge already played in other works. The next portion emphasized the literal meaning as the focus of exegesis. Due to the bible being the primary source of practical knowledge, the need to make its literal meaning known was vital for Moses. His basic premise was that the Bible had a unique oral quality that made it the most effective means of transmitting practical knowledge. He stressed the importance of grammar, and believed only with knowledge of grammar, does Gods’ word both literal and homiletical make sense, because grammar is essential to the tradition of Jewish scriptural transmission. It is this tradition that prevents the Jews from being â€Å"like a blind man in the dark,† and Sorkin points out that Moses used the same metaphor here as he did with Logical Terms. Moses believed that due to the structure of biblical poetry, that it was the most successful method for teaching practical knowledge. The last portion of the Book of the Paths to Peace, Moses established and defended his belief in Judaism through history. History helped establish Moses’ faith. Sorkin alluded that Moses was historical without being historicist, because he recognized history in the Pentateuch rather than the Pentateuch as a product of history. Sorkin notes that viewing history in this fashion was integral to the Haskalah and typical of the religious enlightenment. The Book of the Paths to Peace eventually had wide acceptance, even though some attacked the book. The book was meant to instruct Jewish youth, but since Moses used complex German, it forced students to concentrate on that language instead of the contents. Lastly, The final phase Sorkin accounts for in Moses’ life is his political activism. Moses was politically involved almost his entire career as a thinker and writer. Now, he focused on the state and individual rights from the viewpoint of a Jew living in hardships. Continuing the Wolffian philosophy, he emphasized a politics based on ideas of natural rights to promote legal equality. Initially, Moses arrived in the political arena by being an intercessor. Sorkin found this unsurprising since Moses was a philosopher and writer. Communities sought Moses in times of conflict, and usually Moses’ intercession was successful. For example, the Duke in the community of Mecklenburg prohibited the Jewish practice of early burial. Moses was asked to help, so he served as an intercessor, and the duke granted the Jews the privilege of religious liberty. However, Moses took this matter further, by trying to renew the ritual practice, just as he tried to renew the traditions of philosophy and exegesis. In 1777, Moses transitioned from the politics of intercession to the politics of emancipation, when he responded to the community of Dresden’s problem of Jew’s facing high taxation or expulsion. Moses’ letter asserted that Jews were being excluded from society because of their religion. His work, The Ritual Laws of the Jews was seen as an integral part of his Jewish thought, and referred to as a handbook on practical knowledge. Later, Moses took on dealing with Jewish rights. Sorkin implies that Moses’ advocacy of rights was fundamentally new, yet there was also substantial continuity with his earlier thought. Moses demonstrated that history plays an even more important role in his political thinking than in his biblical exegesis since human liberties were the issue rather than divine work. In order to understand Jews’ situation in terms of rights, Moses translated Rousseau’s Discourse. Moses maintained a balance between individual rights and absolutist state, and asked Christian Wilhelm Dohm to write a tract advocating emancipation of the Jews, and it was widely influential. Moses wrote an elaborate preface to the translation of Rousseau’s Discourse, which was divided into three parts, and titled Vindiciae Judaeorum. In the preface, it was the first time he publicly advocated â€Å"civic acceptance† or equal rights. An occurring theme in the preface was Moses expressing what he did not agree with Dohm’s memorandum, specifically with Dohm’s ban of excommunication. Moses deemed that religious excommunication invaded on civil rights because it involved the political authorities. Since he denied religion’s right to excommunicate, he was set apart from the mainstream of that scholarship. A month after he published Vindiciae Judaeorum, he also published his translation of the Psalms. The Psalms received little attention, while Vindiciae had a huge impact. A pamphlet appeared criticizing Moses’ work, but it was published as a famous Austrian statesman in order to be taken seriously, but truly, a minor writer August Cranz wrote it. Cranz posed more of a challenge to Moses’ faith than the Lavater’s affair; Moses had to realize that Christianity was the true religion and prepare to convert or admit Judaism was imperfect and in need of fundamental reform. Moses reacted to Cranz’s pamphlet by creating Jerusalem, or On Religious Power and Judaism, which Sorkin views as Moses’ fullest elaboration of his views on rights and the nature of Judaism. Jerusalem is divided into two parts; part one addresses Cranz’ contention that in â€Å"repudiating the ban of excommunication, he had repudiated Judaism. Moses argues mainly on the basis of natural rights. Moses’ theory of church and state is rooted in his idea of benevolence. He thought the best state was one whose members were able to govern themselves through education, and the institution capable of providing such education was religion. Moses also went back to Wolffian principle of metaphysics by asserting that liberty of conscience was crucial for the achievement of man’s eternal vocation. In part two, Moses addressed Cranz’s view that Moses left Judaism, and abandoned religion altogether. Moses answered using philosophical views, and switched between his exposition of Judaism and a digression of a specific subject to advance his argument, and to continue his method of writing German philosophy in German, and Judaism in Hebrew. He argued on the basis of revealed legislation. He stated that Judaism is a religion of revealed legislation, not of revealed beliefs. He asserted that only through a second revelation, comparable to the one at Sinai, could God establish the authority necessary to introduce changes into the practice of the law. The two parts of Jerusalem, fit closely together, since many of the themes developed in part one are discussed in part two. To conclude Sorkin’s argument, Moses was a traditional Jewish figure who sought to renew traditional philosophy and Biblical exegesis in Hebrew. Sorkin successfully displayed how Moses made the German Enlightenment compatible with the Haskalah, and stayed constant with his philosophy throughout his life. It is only normal that after reading Sorkin’s Moses Mendelssohn and the Religious Enlightenment that certain parts were more striking than others. Not only are certain aspects of the book especially intriguing, but also, I do not agree with certain theories that Moses posed. Also, I cannot help but compare the Haskalah to the European Enlightenment that preceded it. First, it is miraculous how one person can make a difference in others lives. Moses lived during a time where Jewish communities were suffering from not having equal rights in society. Jews were denied education, certain occupations, citizen status, and were the first ones to be held responsible for problems or crimes. The fact that Moses, with his short stature and hunchback, still had the confidence and ability to make reforms in society is unbelievable. Sorkin only mentioned Moses’ deformity once, and it is of graver importance than that. People who are blessed without any deformities take for granted how easy their life is, and I believe that more acknowledgements should be given to Moses for enduring such a struggle. Also, in Sorkin’s reference to Moses’ deformity, he also mentioned a nervous debility that was linked to his abnormality, which prevented conceptual thinking, and grew worse after the Lavater affair. The fact that this was only mentioned once, and in one quick sentence gives the impression that this was not a serious issue. However, if such a physiological condition occurred in Moses, one would think that since all of his works entailed abstract thinking, since he was a philosopher, that this would have severe consequences on his career. Yet, Moses was able to produce numerous works after the Lavater affair and many of them were highly praised. It makes one speculate, if Sorkin’s information about Moses’ nervous disability is completely accurate. Another part of the book that caught my attention was the aftermath of Christian Wilhelm Dohm’s publication of On the Civic Amelioration of the Jews, even though he was doing Moses a favor by writing it, and it provoked a major debate that made the rights of Jews a public issue, which is what Moses wanted. However, Sorkin displayed many aspects that Moses did not agree with what Christian wrote. For instance, Moses took issue with the notion that artisanry and farming are the sole sources of wealth, and with the ban of excommunication. Moses affirmed that no one could legitimately claim to exercise authority over another’s belief. Sorkin’s writing gave the impression that Moses was angry with Christian for putting certain beliefs in writing. This caught me by surprise because I was under the impression that Christian and Moses were good friends. The fact that Christian agreed to write this document, even though Moses was asked to write it, implied that they were in agreement with what was to be written. The way that Sorkin addressed this conflict in the book further suggests that Christian went against what Moses asked of him, and used this as an opportunity to voice his own opinions on the issue of Jewish emancipation. Furthermore, in a way, one can view Christian as being a catalyst for Cranz’s challenge. The connection is that Christian published work that Moses felt the need to counter in Vindiciae Judaeorum, and thus gave rise to Cranz challenging Moses. Additionally, I discovered that certain areas in the book negated Moses’ entire goal of the Haskalah. First, it is important to recall that prior to the rise of the Haskalah, most Christian thinkers thought Judaism was an irrational dark religion that did not allow for the age of Enlightenment. Hence gave rise to the premise that Jews were incapable of reaching such intellectual levels. Interestingly, Sorkin and Moses both acted in ways that confirm this idea. First, Moses published philosophy in German and commentaries in Hebrew. This action can be seen as if he was making it harder for Jews to reach an enlightened state. By publishing philosophy in German, which most Jews could not read, he further separated them from society. Also, not only were his philosophical works in German, but also they were in such a high level of German, that was very rare for a Jew to be able to write at this level. This also made it harder for Jews to understand his German works. Another instance is seen when the translation of the Psalms was only a victory among the Jews, and while non-Jews stated, â€Å"nothing could be further from the truth. † Sorkin viewed this as a confirmation that Mendelssohn’s best medium is commentary, not translation. Two things are happening in this situation. First, the reaction from society demonstrates that indeed the Jews are not as intelligent as the non-Jews because they thought Moses’ commentary was brilliant, when the majority of the population thought it was not legitimate to be a valid translation. Second, Sorkin’s account that Moses’ best means is commentary, shows that Sorkin is agreeing with the statement that his translation did not contain enough truth, thus putting Moses in the category of not being able to obtain enlightened thought. Next, in comparison to the European Enlightenment, the Haskalah is very different, even though it emerged because of the Enlightenment. The European Enlightenment held faith in the power of human reason to illuminate the world, rather than divine revelation. It encouraged an attitude of critical reflection, rather than an acceptance of received wisdom. Also, the Enlightenment was in sync with the Scientific Revolution in the early 1770’s and created the concept that science is a form of knowledge (Western Civilizations). In contrast, Moses affirmed that the best state was one whose members were able to govern themselves through education, and it was through religious institutions that are most capable of providing such education. This thinking is completely opposite of the Enlightenment, because their goal was to forget about religious teachings, and only learn from science, and other forms of confirmed reason. Another example that is contrasted to the Enlightenment is when Moses pleaded that a general disquisition on â€Å"science† had no place in a commentary on Creation. Members of the Enlightenment used the theory of evolution to explain the creation of the universe, which is all based on science. Also, using Wolffian beliefs, Mendelssohn asserted that although things might look accidental to man, to God they are all necessary, implying that everything on Earth happens for a reason. Again, this is not in accord with the Enlightenment philosophy because they do not refer to a God creating the future of the world, instead they sought evidence and valid truths to prove their beliefs that all is created through science and man labor. Interestingly, there are similarities between Moses Mendelssohn and Immanuel Kant, who was a key figure of the European Enlightenment. Moses became a member of Wednesday Society, which was devoted to political subjects. He often gave lectures; his most common lecture was â€Å"What is enlightenment? Similarly, Immanuel Kant became known by answering the question: What is Enlightenment? † written as a response to the Reverend Zollner. Kant also proposed to eliminate certain church and state restrictions, just as Moses did in Jerusalem. Although a huge difference is Kant believed religion infringed on one’s ability to full reason, while Moses saw religion, specifically Judaism as an integral part of the Haskalah, it is important to notice the comparisons between the two, especially since they are regarded as holding such different ideologies (Perspectives on the Past). Overall, Moses Mendelssohn was a principal figure in the creation of the Haskalah. He was a model Jew, and made many contributions to Jewish life during the end of the eighteenth century. After reading the novel, Moses Mendelssohn and the Religious Enlightenment, I now have a better understanding and respect for Moses Mendelssohn and the Haskalah. David Sorkin succeeded in providing information that accurately describes Moses’ philosophical works and showed how Moses made the German Enlightenment compatible with Judaism.

Margaret Atwood †Relationship between three of her poems Essay

Margaret Atwood is a Canadian poet, novelist, and critic, noted for her feminism and mythological themes. She was born in 1939 in Ottawa, about the same time World War 2 started. Her life was lived in a time of male dominance, which she did not like. She expressed her views of this by writing, and her writings showed many of the feminine views that she believes in. According to a reviewer, Atwood’s writings are obtained from the â€Å"traditional realist novel,† where often the female protagonist is representative of an ‘everywoman’ character, and is victimized by gender and politics. In her stories Atwood combine fantasy and social realism, myth and parody and poetry, and also uses postmodernist devices to unsettle the certainties of traditional realism. The reason why she uses a lot of mythological themes is because her father was a forest etymologist. Many of the experiences that she had when she was a child, influenced her to write about the things of nature. Her writings were praised by many, this can be seen through all the awards and recognitions that she has received throughout her long and productive life. Her most outstanding award would be the Canadian Governor General’s Award for poetry in 1966. Her work has been an inspiration to many and she will be recognized for many years to come. The three poems that I am going to discuss are: The Landlady, Rat Song and Song of the Worms. All three of these poems use strong imagery to show Margaret Atwood’s view of the way that women are treated. She uses several tones in her poems, the tone that she generally uses for these three poems are frustration and anger. Another thing that she likes to use is a run on style of poetry, which allows for the readers emotions to carry on to the next line all the way to the end of the story. Almost all of her poems are free verse, I could not find any rhythmic or rhyming devices used in any of them. She likes to use symbolisms to get her point out, and when she uses them they are direct. One thing that I find interesting in her writings is that she likes to use something like personification, but it is the opposite. She is giving people qualities of animals. Her writing style is unique and interesting, and this style will be seen in the three poems. In the poem The Landlady, Atwood shows that women are stronger than men. In the beginning of the story, someone is describing the landlady and we do not  know who this someone is, but I think that this someone represents men. This person describes the landlady as intrusive and she is everywhere. This symbolizes that women are getting stronger and will be controlling the men. The next section says that the landlady controls the man’s life. Everything belongs to the landlady and nothing to the man. The next section is where the man tries to escape from the landlady, but she is always surrounding him. Even in the man’s dreams the landlady will be there and there will be no way around it. The last section describes how the landlady is overpowering and will not let the man go through her. This poem is free verse, which means that there are no literary devices. The only style of writing that I can see in her poem is a type of run on poem, which allows the reader’s emotions and thoughts to carry through to the end of the story. The tone of the story is fear and entrapment by the male because of the woman’s power and authority over them. I think that this is a poem about how strong the female can be over the men. The woman will be able to control the men, and men will be at the mercy of the women. This is a strong feminist view that Atwood supports and shows through her writing. This is a strong poem and was criticized by an American journalist for being too one sided. I think that Atwood got her point through in this poem. In the poem Rat Song, Atwood is trying to show how the rat symbolizes the woman. In the first section, it says that when the man hears the voice of the rat singing, the man takes out his gun and tries to kill the rat. This symbolizes the woman when she is trying to be heard, and the man is trying to shut the woman up. The next stanza shows that when the man tries to trap the rat, the rat outsmarts it. This makes the man think that the rat is dangerous because it is very smart. That stanza symbolizes how women are smart and men should watch out for them. The following stanza talks about what the rat really wants. It says in the poem, â€Å"All I want is love,† the rat does not want to bother the man or live off of the man, all it wants is some love. This is just like women today, they do not want to annoy men, and all they want are love and respect. The reason why the rat lives off the man is not because it wants to, but because it is the only thing that it can do. Atwood is tr ying to say that women are weaker because men are suppressing the women. In the last section, there is a line that says, â€Å"he is hiding /  between your syllables.† This line talks about how the rat can hear compassion, but it is trying not to be shown by the man. This is a really interesting poem that shows how Margaret Atwood feels about men. She uses many symbolisms to imply what the men are thinking about he women. His style of writing is basically free verse; there is no recognizable beat or rhyming scheme. The only type of literary device that I can see is that she uses a style of run on poetry. This style can be seen throughout the entire poem to allow the reader’s emotions to carry all the way to the end of the story. The tone that she uses in the poem is anger. Atwood is mad about how women are treated by men. She finds that men know that women are smart and therefore are trying to suppress females. Her imagery is convincing and really makes us want to think about the truths in her writing. This poem was written in the early seventies, which is about the time when the feminists’ ideals were strongly implanted into the women of North America. This feminist view can be seen throughout the poem and what Atwood feels is expressed in the entire poem. Overall, this was a great poem with a message to the men on how they are treating the women. In the poem Song of the worms, Atwood tells us how women have been stepped on and taken advantage of. In the first section, it talks about how the worms have done their work and have been underground for so long. This section shows us that men have suppressed women for a long time. The women have done enough work for the men and it is time for a change. The second section talks about how all the women want is to be loved. This section is similar to a part in the first poem where it says that all women want is to be loved. The twist here is that they are rejected by the â€Å"boots† of men. This symbolizes the men stepping on the women and treating them like dirt. The women have been stepped on long enough and they know what being stepped on is about. The next stanza says, â€Å"Soon we will invade like weeds, everywhere but slowly.† This is a very strong stanza that is trying to tell the men that soon the women will stand up for themselves and rebel. They will be stepped on no longer and have no fear of what men will try to do to them. The last stanza says that until the time comes, the worms will be in the dirt waiting for the right time to come out and attack. This poem is again free verse and uses a run on style of writing. Atwood makes the worm  symbolize the women who are hardworking and oppressed. She believes that one day, women will rise up and say, â€Å"Enough is enough,† and rise up to rebel against the men. All three of these poems deal with feminism and show what Atwood thinks is going on and what will happen. The writing styles of these three poems are similar. All of them use free verse and a run on poem style, which can be seen in almost all of her work. This allows an easier way to get her point through. Her poems are strong and provocative showing what many people do not want to hear or accept. In the last two poems, they both use certain types of animals to symbolize the woman and how the men are treating them. They both say that men are stepping on women and that the women will one day rise and take down these men. Atwood uses animals because of the way that she was raised up, which was in a home with the father as an etymologist. Her father’s occupation made her enjoy the wilderness and nature, which has influenced her writing today. The first poem is similar to the other poems because it shows that the women have finally stood up for themselves and is now in control. Her feminist views are influenced by the time period that these poems were written in. During the late sixties and early seventies, there was a strong feminist uprising making the women realize that they were like being treated like slaves.

Internship Shadowing a Substance Abuse Counselor

Internship Shadowing a Substance Abuse Counselor Abstract Overwhelming challenges of the 21st century force many people to use drugs, as they are unable to keep up with the pace of the contemporary life. Many people become addicts and they are unable to handle the issues associated with their addiction.Advertising We will write a custom essay sample on Internship: Shadowing a Substance Abuse Counselor specifically for you for only $16.05 $11/page Learn More Therefore, counseling is coming to the fore, as counselors are able to assist drug addicts to quit their harmful habit and effectively integrate into the community. This paper dwells upon the internship at Legacy Services (New York). The intern shadowed a substance abuse counselor to gain the necessary experience for practice. It is necessary to note that participation in sessions and multi-disciplinary staff meetings; observation and contribution to development of certain treatments strategies equipped the intern with the necessary skills and knowledge that will help him be an efficient drug abuse counselor. Moreover, strong and weak sides of the Legacy Services are analyzed and conclusions are made. In the end of the work discussion of the main presented ideas is introduced. Recommendations and possible implications of the main ideas of the work are suggested. Introduction Statement of the Problem The issue of substance abuse counseling includes why people use drugs and to understand the effects on their health. It also considers the effects of drugs on one’s health as well as the resulting mental health issues because of substance abuse. Substance abuse has been around for years,and individuals are not aware of how to identify and learn to cope with the challenges of addiction. Additionally, behavioral assessments, intervention, multidisciplinary management, preparation, education, and program development and execution made huge changes in participants’ substance abuse behaviors (Babinski,Pelham, Waxmonsky, 2013). Advertising Looking for essay on psychology? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to Babinski et al. (2013),counseling for people who depend on chemicals requires some skills for it to be effective. Also, most participants prefer counseling that is done by specialists(Babinski et al., 2013). However, severalprograms of substance abuse were examined; all engaged moralistic group settings on various clinical issues, which showed the programscould affect participants’ treatment(Greenfield Venner, 2012). The programs should be equipped with the knowledge and skills necessary to guide the participants to their future endeavors or self-sufficiency(Dufour et al., 2014). Also, counselors’failure to keep up with modern information to encourage the participant’schange of behavior could lead to relapse. Relapsing into drugs or alcohol abuse can occur even after long periods of sobriety (Greenfield Venn er, 2012).Therefore, the reason why it is critical for the counselors in this field to utilize the emerging knowledge to help participants who are drug addicts. Purpose of the Internship The internship period is to gain in-depth knowledge of mental health by acquiring new emerging information from the mentor,concerning people who have health impairments (Greenfield Venner, 2012). It will enable the intern to learn and take an active role in shaping individuals’ lives and assisting people and their families with mental problems. Emerging information is important in helping participants who have advanced mental problems to improve healthcare outcomes. He will learn basic counseling skills from the mentor as well as knowledge about ethical issues to be considered during the helping process (Wallace, Brown, Hilton, 2014).The learner wouldlearncurrent data to monitor the progress of a participant of the program using emerging methods of data collection.Advertising We will write a custom essay sample on Internship: Shadowing a Substance Abuse Counselor specifically for you for only $16.05 $11/page Learn More In addition, he would learn to understand the needs of participants and the possible causes of mental disabilities (Greenfield Venner, 2012). Review of Literature Risk for Substance Abuse Over the past two decades, researchers have tried to reveal the factors behind the beginning of substance abuse and the progression to addiction (Corte Szalacha, 2010). Main risk factors lead to the increase of a person’s chance to become abused. However, there are several protective factors that reduce personal risk. Main risk factors for substance abuse are different for every person and affect people at different stages of lives. The substance abuse counselors focus on the risk factors before initiating the counseling approaches (Corte Szalacha, 2010). In the case of children, risk factors include aggressive behavior, social difficult ies, or academic failure. The risks, such as aggressive behavior,can be controlled by helping children develop appropriate positive attitudes in life and prevent further risk. Other factors, such as poverty, peer influence, drug availability, and lack of parental supervision, mainly affect the youth. The more a person is predisposed to the risks, the higher are the chances of substance abuse. Ineffective parenting and a guardian who is involved in substance abuse increase the risk of children and adolescents to substance abuse. According to Gallagher (2014), the highest risk of substance abuse are adolescents. For this reason, the counselors focus on preventive interventions and support skills of enhancing protective factors of substance abuse (Gallagher, 2014). Clinical level of evidence-based There are several clinical evidence-based approaches applied to deal with substance abuse (Smith Liu, 2014). Several statewide initiatives of substance abuse treatment systems have been grow ing in the past decade as a result of movements towards evidence-based practice in health care systems.Advertising Looking for essay on psychology? Let's see if we can help you! Get your first paper with 15% OFF Learn More The importance of using the scientific clinical advances in intervention of clinical practices has been emphasized by many scholars. Several psychological evidence-based programs have been utilized in the approaches to substance abuse. Clinical expertise is important in the translation of scientific evidence-based approaches into practice that include the behavioral approaches and Pharmacotherapies. The health care providers are supposed to develop statements that assist them in identifying the appropriate intervention for the clinical circumstances (Corte Szalacha, 2010). The pharmacotherapy approaches include nicotine replacement therapies: application of drugs, such as bupropion, methadone, and naltrexone: and combination of drugs with behavioral treatment. Behavioral approaches focus on abstinence and modification of peoples’ behaviors as well as their attitudes about substance abuse. Additionally, they include cognitive behavior therapy, contingency management interventi ons, motivational enhancement, and community reinforcements (Gordon, 2013). The Effects on the Body Substance abuse has adverse effects on the body, such as mental health problems (Corte Szalacha, 2010).For instance, continuous abuse of cannabis results in mental health problems, such as schizophrenia. Substance abuse predisposes a person to diseases, such as asthma, heart diseases, and lung cancer. Cocaine is known to be over-stimulating, causing pregnancy complications, such as stillbirths and miscarriages. Also, substance abuse can expose a person to diseases, such as HIV, because of sharing of injecting devices. According to Gallagher (2014), the substances weaken the immune system, cause memory problems, and excessive dehydration (Gallagher, 2014). The Burden of Substance Abuse between Nations Substance abuse poses a significant threat to the health, economic and social status of the affected families, communities, and the countries (Smith Liu, 2014). In year 2000, substance a buse contributed to 12.4% of all deaths worldwide (Gallagher, 2014). The calculation of adjusted life years in Mexico and the United States indicated that the life lost because of premature mortality related to substance abuse is on the rise. The burden of the disease in disability-adjusted life years is high in the United Kingdom and the United States as compared to African and Mediterranean countries. Substance abuse has both economic and health effects on the nations affected. For instance, evidence-based prevention and treatment costs can save the U.S. government up to $10 in subsequent costs of every $1 spent (Gordon, 2013). The ones involved in the abuse cannot unleash their full potential in economic growth as the productivity is reduced. Productivity losses estimated at $ 120 billion, calculated as labor and non-participation, are significant in the United States. Similarly, studies have identified a 0.4 % loss in GDP in Canada as a result of non-labor participation because of substance abuse (Gordon, 2013). The situation is similar in Australia that experienced 0.3 % GDP loss (Gallagher, 2014). The Determinants of Health and Health Inequity The health of a person includes an individual’s well being physically, mentally, and emotionally (Regina Valeria, 2014). Several factors determine the health of a person. These include the genetics and physiology of a person, such as the sex and age. Individual behavior, such as substance abuse, plays a significant role in determining a person’s health. The social and physical environment as well as the interaction determines the health status of an individual as he or she is expose to several diseases causing factors, such as stress, discrimination, and overcrowding. Health inequity is mainly determined by infrastructure, health services, and policy formulations (Gordon, 2013). Discrimination in the access of health services affects the approaches to substance abuse because of health inequity. Acces s to quality health care minimizes the causes of health inequity in societies. The health policies formulated should take into consideration the disparities and variations in achievement of quality health care (Regina Valeria, 2014). Social and economic factors Social and economic factors have a significant influence on the substance abuse (Corte Szalacha, 2010). For instance, poverty and socioeconomic status of a family can make a person turn to substance abuse to find solace. It is a result of lack of basic human needs such, as food, shelter, education, and proper health care. The social structures and factors in the community play a significant role in substance abuse as they determine the peer influence. The familial and demographic factors are important predictors of substance abuse (Gordon, 2013). Besides, research studies have established a relationship between the parent socioeconomic status and substance abuse. Parents have a tremendous influence on their children to desis t or initiate substance abuse. Peer influence plays a great part as socialization can initiate substance abuse (Gordon, 2013). Physical and environmental factors Many people do not understand how others initiate substance abuse and addiction (Gordon, 2013). However, physical and environmental factors explain the situation. The environment in which a person lives has different influences on substance abuse. These include the access to drugs such as those living in urban areas and the general quality of life. The socioeconomic status of friends and families can either increase or limit access to these substances. Peer influence, bad parenting, physical or sexual violence and high level of stress influence the escalation of substance abuse. Similarly, the availability of drugs is the primary physical factor related to substance abuse. The development of the effective prevention strategies for the substance abuse counselors is based on the knowledge of the risk and protective factors (C orte Szalacha, 2010). Individual behaviors/characteristics Individual behaviors and characteristics of substance abuse determine the type of approach chosen by the counselor (Gallagher, 2014). The characteristics indicate the level of addiction and dependence. People who have already become addicted to different substances exhibit the characteristics of an overwhelming and repetitive urge to them. The substance abuse has become a part of their lives and a life’s priority. They experience problems in their wok or schools as their performances are low. Besides, irritability and confusion are common among the addicts (Gordon, 2013). The victims of substance abuse experience changes in their attitude and behavior because of mood swings and reduced inhibitions. They include suicidal behaviors and self-imposed isolation (Gordon, 2013). Strategies/Recommendations Prevention of substance abuse is dealt with by first recognizing the risk and protective factors. Counselors play a vital role in designing the strategies (Garner, 2009). The initial strategies are personal. They include helping the person deal with peer pressure. Teens and adolescents start substance abuse as a result of peer pressure. They should find a plan for resisting the pressure. Dealing with life pressures such as stress is an effective prevention strategy that helps a person to cope with life rather than turning to substance abuse. The counselors should help those seeking help for the people with mental problems that result from substance abuse. These include post-traumatic stress, Schizophrenia, anxiety, and depression. Before the initiation of behavioral or pharmacological therapies, it is necessary to the counselors to examine the risk factors. They include the social, environmental, and economic factors to give an overview of the problem and identify the appropriate therapies. The strategies undertaken depend on the level of addiction. There are several promising strategies to end substa nce abuse. These include: law enforcement, treatment, and prevention strategies. The prevention strategies comprise community-based processes, prevention education in learning institutions, as well as the environmental approaches that promote policies reducing the risk factors. The preventive measures should start early in life and proceed to adolescence (Corte Szalacha, 2010). Building of family bonds is essential in promoting responsible parenting. The treatment strategies include an emphasis on family-based treatment, rehabilitation of the addicts, and other programs according to the clinicians. Law enforcement is a crucial strategy for dealing with substance abuse and reducing the number of such cases. Introduction of tough penalties can deter adolescents and teenagers from engaging in substance abuse. Additionally, law enforcement includes the community policing to give insights of drug availability in the societies. Commitment and follow-up of the affected are essential to ach ieving the desired results of the programs (Garner, 2009). Methods and Procedures Method There is one method used in the writing of this paper. The method will be developmental. Procedures Sites Specifics Mentor The mentor is James Brown, MA, M.Ed, LCDC; he is an experienced Licensed Chemical Dependency Counselor who helps clients who are referred to his Behavioral and Public Health Department, which helps participants globally. The mentor is also an instructor of a mental health program, and he utilizes effective skills to help people who are addicted and have become dependents. The counselor has 15 years of experience and has a Bachelor of Science in Public Relations, Bachelor of Science in Government, Master of Arts in Counseling and a Master of Education Degree. The mentor has good communication skills and creates a good rapport with clients. He dresses modestly, speaks fluently, and sits in an upright posture during counseling sessions. Facility The facility is named Legacy Ser vices. The department has other workers who work in collaboration with the mentor, but in different departments. Population served Behavioral and Public Health Department serves people of different ages whose behaviors have been affected by drugs and have experienced difficulties in coping with the demands of life. It is notable that young adults and adults are the most affected. With regard to the population that the intern would be handling in this department, he would be helping the trainer to offer services to about 200 persons in a day. The participants would be alcoholics and persons who abuse other drugs and who would not able to cope without them (Carroll, De Leon, Joseph, Winick, 2013). The intern would coordinate with his mentor to monitor the progress of participants. Internship objectives Specifically, the intern want to learn how to understand substance abuse group and individual sessions in a therapy and counseling setting or environment. The learning objectives inclu de the following: The intern will learn to identify signs and symptoms that are associated with mental problems. The intern will learn to identify the challenges in participants’ daily lives, such as addressing boundaries, anger management, denial, minimization and blame. The intern will learn to identify the fourethical dilemmas related to substance abuse counselling, such as beneficence, do no harm; autonomy, independent living, give the participant the benefit of the doubt; justice, fair and equal treatment, and fidelity, keep promises to participants. The intern will learn how to identify participants’ detoxification needs such as signs and symptoms of withdrawal, screening and evaluation during intake process. Schedule of activities Internship activities are scheduled to take place from November 3, 2014 to January 7, 2015.Also, allactivities will be used to facilitate the learning of the objectives. Table 1 Schedule of Activities Week Activity Hours 1 The i ntern would participated in various group sessions as part of orientation to counseling. Introduction to basic emerging counseling skills was achieved during this period. 8 2 The intern shadowed the mentor on intensive outpatient sessions using 12-step and clinical modalities treatment to bring about a positive change in the participants life. 8 3 The intern shadowed the mentor and observe emerging individual counseling boundaries or taking notes of the daily sessions. 8 4 The intern shadowed the mentor on how to identify diagnosis classification and the type of mental issues a participant would report during intake process. 8 5 The intern participated in treatment preparation and conceptualization. 8 6 The intern shadowed the mentor on this day by carrying out research by utilizing modern methods of peer-reviewed research from the State website. This information was used to better educate the participants of new techniques. 8 7 The intern listened to the mentor educate him about the types of addictions, how addictions occur, and how to deal with addiction. The mentor educated two separate groups of participants. 8 8 The intern participated in crisis intervention and primary care integration. 8 9 The intern attended seminars learning about emerging issues in mental health. 8 10 The intern shadowed the mentor while he collaborated meetings with multi-disciplinary staff. 8 Total hours 80 Learning benefit The learning benefit that the intern will be expected to receive during this mentor internship experience on addiction and substance abuse counseling was important because of the need to learn the challenging face-to-face counseling group’stechniques, crisis intervention supports and tools that would enable the intern to build on counseling skills. The intern believe these skills would helpwith the progress from a simpler and immature phase to a more complex level of maturity about addiction. Current employment The intern is employ ed as a Health Crisis Coordinator and coordinates many programs, for example, behavioral and public health, injury and disability, vocational and employment services. Most of his assignments are conducted domestically; however, he does travel to London from time to time. In addition to a Bachelor of Science in Education and Master of Arts in Education degree. Also, he holds a Post-Specialty Certificate in Emergency Management and Post-Master’s Certificate in Professional Counseling. Search procedure Libraries used There was only one library used to search for sources for this project. The Counseling Professions Division Library at Southern Mills University and Google Scholarwas used for the project. Search engines and databases used The following databases were used to search for the sources for this project. The databases werePubMed and PsycINFO and MEDline (EBSCO) and Global Health and Alt Health Watch and MEDLINE (Ovid). Search terms Several search terms were used to ident ify sources for this project. The search terms included (a) Behavioral Health, (b) Substance Abuse,(c) Behavioral Therapy, (d) Public Health, (e) Behavioral Treatment, and (f) Alcoholism. Boolean strings Boolean strings were considered for the literature search. No Boolean strings were used in the literature search. Age of the sources The significant literature will be reviewed. Sources from the last 5 years will be considered for inclusion in the review of literature. No historical or seminal articles will be considered. Inclusion criteria There were four inclusion criteria. Inclusion criteria included (a) literature published since 2010, (b) English-language text, (c) peer-reviewed articles, and (d) Web sites relating to shadowing a substance abuse counselor. Exclusion criteria There were fourexclusion criteria.The exclusion criteria included (a) literature published before 2010,(b) text not published in English, (c) articles not peer reviewed, and (d) Web sites not relating to sh adowing a substance abuse counselor. Results Introduction The internship is a highly valuable experience for the intern who wants to improve his/her skills and knowledge in the sphere of drug abuse and mental health That is why, it is vital for him/her to choose the right institution which can guarantee his/her further development as a professional. Resting on this fact, it can be recommended to draw an interns attention to the Legacy Services. The Legacy Services is a company which promotes development of knowledge and awareness of the issue of substance abuse among interns. Being very efficient and credible company, it can guarantee high level of its services and professionalism of its workers. However, having its main strengths it also has its weak sides. That is why, it is important to investigate the company precisely to determine the main aspects of its work to understand better the main regularities according to which it functions. Analysis of Strengths, Weaknesses, opportuni ties, and Threats Strengths The first strength of Legacy Services is a highly reputable company that provides quality services. Its reputation in terms of the provision of superior substance abuse counseling services elevates its credibility in enabling an intern to obtain the set of objectives. The organization also has qualified staff members who act as its strength in the provision of services. Secondly, the organization upholds integrity at all its levels of operation. Thirdly, there are adequate resources that include training kits, office space, finance, working incentives among others that aid service delivery. Weaknesses Although clear strengths of the organization have been identified, it is, however, difficult for identification of weaknesses to be indicated at this time. The weaknesses are always identified when an experience has already been achieved either positive or negative. Therefore, it is prudent for the weaknesses to be enumerated later because of more time is ne eded. Opportunities The underlying opportunities why the intern selected the institution are based on its capacity to expand its customer base, counseling services and revenue base. The organization is promising based on its strategic plans that are formulated already. In particular, the expected customer growth rate makes the organization so attractive for interns who expect to offer services to some of the customers. Increase revenue amounts or financial capacity of the company may also help in hiring some of the interns hence its preference. Likewise, the advancement of counseling services indicates a wider knowledge on counseling matters that is noble for interns. Threats Probable threats the organization has the potential of facing that may impede the realization of the set objectives of an intern including high enrolment rate, lack of divergent funding sources and competition. In particular, people enroll for the internship position in the organization more than it can accommo date. This makes it difficult for prospecting interns to be sure of getting the privilege of working there. Secondly, the company faces stiff competition from other rival institutions that focus on providing counselling services. The high rate of competition may affect its reputation and stature in the society. The institution also has limited sources of funding that may affect its capacity of accommodating more interns who aspire to acquire experience. Based on the institution’s SWOT analysis, it is evident that it holds the capacity of ensuring that the intern receives best results. The choice is good for intern in a broader perspective given that its strengths and opportunities outweigh its weaknesses and threats. Discussion During the internship, interns are able to observe the way seasoned counselors work and the way clients respond to the treatment. This internship can be seen as one of such experiences. The intern was fully integrated in the process. Thus, he participa ted in numerous sessions where he could note peculiarities of behavior of the mentor and clients, strategies employed during the sessions, the way clients respond to this or that strategy. The intern could also trace possible signs of clients’ potential relapse. The intern took part in meetings with multi-disciplinary staff and this was a very important experience. Cooperation with different professionals enabled the counselor to provide high-quality services to clients and make sure their needs could be met. Importantly, the intern had an opportunity to collaborate with mentor and develop some treatment strategies. This was a remarkable experience as the intern obtained many insights from his mentor during development of the strategies. Admittedly, it is impossible to gain such experience through reading books and articles. The intern obtained an opportunity to observe quite conventional as well as extraordinary cases as all people are different and they often face quite dif ferent challenges. The intern could feel the specific atmosphere, which is created during sessions. These observations and shadowing enabled the intern to get certain confidence, which will be crucial for his future career. Conclusions Having analyzed the data, it is possible to make certain conclusions. The issue of substance abuse counseling is very important nowadays within the framework of the increase of level of abuse among people. That is why, the need in professionals who can provide qualified advice for a person who suffers from the substance abuse is obvious. With this in mind, some patterns for preparation of qualified interns should be suggested. Taking into account complexity and topicality of the issue, the analysis of the methodology and main objectives of internship was also provided. Moreover, the importance of practice for internship should also be mentioned as it allows an intern to obtain knowledge which is not available in books or some other sources. Great sign ificance of the process of teaching and preparation of interns should also be remembered. Implications It is obvious, that the main ideas presented in the work should be adopted as it can promote improvement of the situation connected with the issue of substance abuse. Implication of the main points mentioned in the work can guarantee further development of knowledge in this sphere. Moreover, the issue of training of the professionals who are ready to consult people who suffer from substance abuse can become very helpful in terms of blistering growth of this kind of dependence. Main methods outlined in the work can also be applied to the process of training of new interns as they will allow increase of the level of efficiency of interns and general improvement of the situation. With this in mind, the data presented should be studied and taken into account in order to provide better understanding of the issue. Recommendations Having analyzed the issue, it is possible to make several recommendations. First of all, it is necessary to say that the change of the existing system of internship is needed. The emphasis should be made on practice as only it can allow better knowledge and practical skills among interns. Moreover, some new methods should be applied to existing system for it to be more modern. However, there is one more recommendation. It goes without saying, that the further investigation of this issue is necessary. Within the framework of the increase of number of people who suffer from substance abuse, it is very important to investigate different methods to prevent it. Taking this fact into account, it is possible to say that internship which allows students to obtain practical knowledge can serve as the first stage in better understanding of the problem of substance abuse. References Babinski, D. E., Pelham, W. E., Waxmonsky, J. G. (2013). Cognitive-behavioral therapy for pediatric obsessive-compulsive disorder complicated by stigma: A case study.   Clinical Case Studies, 15(34), 65-77. Carroll, J. F., De Leon, G., Joseph, H., Winick, C. (2013). Reflections on the past, present, and the future of the chemical dependency treatment field: Four unique perspectives.  Alcoholism Treatment Quarterly, 31(1), 107-120. Corte, C., Szalacha, L. (2010). Self-cognitions, risk factors for alcohol problems, and drinking in preadolescent urban youths. Journal of Child Adolescent Substance Abuse, 19(5), 406-423. Dufour, S. P., Graham, S., Friesen, J., Rosenblat, M., Rous, C.,Richardson, J. (2014). Physiotherapists supporting self-management through health coaching: A mixed methods program evaluation. Physiotherapy Theory and Practice, 10(1), 1-10. Gallagher, S. (2014). Treatment strategies for forensic psychologists working with clients dealing with substance abuse, legal charges, and enabling parents. Journal of Forensic Psychology Practice, 14(2), 158-168. Gordon, A. (2013). Substance abuse journal: New beginnings. Substance Abuse, 34(4), 339-341. Regina, C., Valeria, M. (2014). Social determinants of health and inequity among people with disabilities: A Brazilian experience. Journal of Public Health and Epidemiology, 6(11), 326-337. Smith, B., Liu, J. (2014). Latent practice profiles of substance abuse treatment counselors: Do evidence-based techniques displace traditional techniques? Journal of Substance Abuse Treatment, 46(4), 439-446. Wallace, L. M., Brown, K. E., Hilton, S. (2014). Planning for, implementing and assessing the impactof health promotion and behavior change interventions: Away forward for health psychologists. Health Psychology Review, 8(1), 8-33.

Cashflow statement Essay Example

Cashflow statement Essay Example Cashflow statement Essay Cashflow statement Essay Questions, Exercises, and Problems: Answers and Solutions 1. 1The first question at the end of each chapter asks the student to review the important terms and concepts discussed in the chapter. Students may wish to consult the glossary at the end of the book in addition to the definitions and discussions in the chapter. 1. 2Setting Goals and Strategies: Although a charitable organization must obtain sufficient resources to fund its operations, it would not pursue profits or wealth increases as goals. A charitable organization would direct its efforts toward providing services to its constituencies. Financing: A charitable organization may obtain some or all of its financing from donations (contributions). A charitable organization does not issue common stock or other forms of shareholders’ equity, nor does it have retained earnings. Investing: Similar to business firms, charitable organizations acquire productive capacity (for example, buildings) to carry out their activities. Operations: A charitable organization might prepare financial statements that compare inflows (for example, contributions) with outflows. While these statements might appear similar to income statements, there would be no calculation of net income because the purpose of the charitable organization is to provide services to its constituents, not seek profits. 1. 3The balance sheet shows assets, liabilities and shareholders’ equity as of a specific date (the balance sheet date), similar to a snapshot. The ncome statement and statement of cash flows report changes in assets and liabilities over a period of time, similar to a motion picture. 1. 4The auditor evaluates the accounting system, including its ability to record transactions properly and its operational effectiveness, and also determines whether the financial reports prepared by the firm’s managers conform to the requirements of the applicable authoritative guidance. The auditor provides an audit opinion that refle cts his professional conclusions. For most publicly traded firms in the U. S. the auditor also provides a sepa- 1. 4 continued. rate opinion on the effectiveness of the firm’s internal controls over financial reporting. 1. 5Management, under the oversight of the firm’s governing board, prepares the financial statements. 1. 6Employees and suppliers of goods such as raw materials or merchandise often provide the services or goods before they are paid. The firm has the benefit of consuming or using the goods or services before it transfers cash to the employees and suppliers. The length of the financing period is the number of days between when the employees and suppliers provide goods and services and when the firm pays cash to those employees and suppliers. 1. 7Accounts receivable represent amounts owed by customers for goods and services they have already received. The customer, therefore, has the benefit of the goods and services before it pays cash. The length of the financing period is the number of days between when the customer receives the goods and services and when the customer pays cash to the seller of those goods and services. . 8Both kinds of capacity represent investments in long-lived assets, with useful lives (or service lives) that can extend for several or many years. They differ in that land, buildings, and equipment represent physical capital, while patents and licenses represent intangible or intellectual capital. 1. 9A calendar year ends on December 31. A fiscal year ends on a date that is determined by the firm, perhaps based on i ts business model (for example, many retailers choose a fiscal year end that is close to the end of January). A firm can choose the calendar year as its fiscal year, and many do. Both calendar years and fiscal years have 12 months. 1. 10Most firms report the amounts in their financial statements using the currency of the country where they are incorporated and conduct most of their business activities. Some firms use a different currency. 1. 11A current item is expected to result in a cash receipt (assets such as accounts receivable) or a cash payment (liabilities such as accounts payable) within approximately one year or less. A noncurrent item is expected to generate cash over periods longer than a year (assets, such as factory buildings that will be used to produce goods for sale over many years) or use cash over periods longer than a year (liabilities such as long term debt). Users of financial statements would likely be interested in this distinction because the distinction provides information about short term cash flows separately from long term cash flows). 1. 12Historical amounts reflect the amounts at which items entered the firm’s balance sheet, for example, the acquisition cost of inventory. Historical amounts reflect economic conditions at the time the firm obtained assets or obtained financing. Current amounts reflect values at the balance sheet date, so they reflect current economic conditions. For example, the historical amount for inventory is the amount the firm paid to obtain the inventory and the current amount for inventory is the amount for which the firm could sell the inventory today. 1. 13An income statement connects two successive balance sheets through its effect on retained earnings. Net income that is not paid to shareholders as dividends increases retained earnings. A statement of cash flows connects two successive balance sheets because it explains the change in cash (a balance sheet account) from operating, financing, and investing activities. The statement of cash flows also shows the relation between net income and cash flows from operations, and changes in assets and liabilities that involve cash flows. 1. 14The U. S. Securities and Exchange Commission (SEC) is the government agency that enforces the securities laws of the U. S. , including those that apply to financial reporting. The Financial Accounting Standards Board (FASB) is the private-sector financial accounting standard setter in the U. S. The International Accounting Standards Board (IASB) is a private- sector financial accounting standard setter that promulgates accounting standards that are required or permitted to be used in over 100 countries. Neither the FASB nor the IASB has any enforcement powers. 1. 15U. S. GAAP must be used by U. S. SEC registrants and may be used by other firms as well. International Financial Reporting Standards (IFRS) may be used by non-U. S. firms that list and trade their securities in the U. S, and these firms may also use U. S. GAAP. 1. 16The purpose of the conceptual framework developed by the Financial Accounting Standards Board (FASB) is to guide the standard setting decisions of the FASB. For example, the conceptual framework specifies the purpose of financial reporting, and the qualitative characteristics of financial information that would serve that purpose. FASB board members use this conceptual structure as they consider solutions to accounting issues. 1. 17The accrual basis of accounting is based on assets and liabilities, not on cash receipts and disbursements. It provides a better basis for measuring performance because it is based on revenues (inflows of assets from customers) not cash receipts from customers, and on expenses (outflows of assets from generating revenues) not cash payments. It matches revenues with the costs associated with earning those revenues and is not sensitive to the timing of expenditures. 1. 18(Colgate Palmolive Company; understanding the balance sheet. ) a. Property, plant and equipment, net = $3,015. 2 million. b. Noncurrent assets = $6,493. 5 (= $3,015. 2 + $2,272. 0 + $844. 8 + $361. 5). c. Long-term debt = $3,221. million. d. Current assets – Current liabilities = $3,618. 5 – $3,162. 7 = $455. 8 million. e. Yes, Colgate has been profitable since its inception. We know this because its Retained Earnings, of $10,627. 5 million, is positive. Colgate may have had a loss in one or more prior years; cumulatively, it has had positive income. f. Total Liabilities/Total Assets = $7,825. 8/$10,112. 0 = 77 . 4%. g. Total Assets = Total Liabilities + Shareholders’ Equity $10,112. 0=$7,825. 8+$2,286. 2 1. 19(Mayr Melnhof Karton; understanding the income statement. ) a. Cost of Goods Sold = (1,331,292. 1 thousand. b. Selling and distribution expenses = (172,033. 4 thousand. c. Gross margin percentage = 23. 4% (= (405,667. 1/(1,736,959. 2). d. Operating profit = (169,418. 2 thousand. Profit before tax = (170,863. 9 thousand. Difference equals (1,445. 7 thousand (= (169,418. 2 – (170,863. 9). The items comprising this difference are sources of income (expense) of a nonoperating nature for Mayr Melnhof. e. Effective tax rate = (54,289. 9/(170,863. 9 = 31. 8%. f. Profit = (116,574. 0 thousand. 1. 20(Bed, Bath and Beyond, Inc. ; understanding the statement of cash flows. ) a. Cash inflow from operating activities = $614,536 thousand. . Cash inflow from investing activities = $101,698 thousand 1. 20 continued. c. Cash inflow used in financing activities = $705,531 thousand. d. Net cash flow equals $10,703 thousand (= $614,536 + $101,698 – $705,531). e. Change in cash balance equals $10,703 thousand (= $224,084 – $213,381). The increase was attributable to the net cash inflow during the year of the same amount, $10,703 thousand. 1. 21(Alcatel-Lucent; balance sheet relations. ) (Amounts in Millions) Share- CurrentNoncurrentCurrentNoncurrentholders’ Assets+Assets=Liabilities+Liabilities+Equity (20,000+(29,402=(15,849+? (17,154 Noncurrent liabilities total (16,399 million. 1. 22(Gold Fields Limited; balance sheet relations. ) (Amount in Millions of Rand) Share- CurrentNoncurrentCurrentNoncurrentholders’ Assets+Assets=Liabilities+Liabilities+Equity R6,085. 1+R49,329. 8=R4,360. 1+R13,948. 4+? Shareholders’ Equity totals R37,106. 4 million. 1. 23(Rolls Royce Group Plc. ; income statement relations. ) Sales? 7,435 Less Cost of Sales(6,003) Gross Margin? 1,432 Less Other Operating Expenses(918) Loss on Sale of Business(2) Net Financing Income221 Profit before Taxes? 733 Less Tax Expense(133) Net Income? 600 1. 4(General Motors Corporation; income statement relations. ) Sales$207,349 Cost of Sales(164,682) Other Operating Expenses(50,335) Net Finan cing Income5,690 Net Loss$(1,978) 1. 25(Gold Fields; retained earnings relations) (Amounts in Millions of Rand) RetainedRetained Earnings NetDividendsEarnings at End ofIncomeDeclared=at End of 2006+for 2007–for 20072007 R4,640. 9+R2,362. 5–? =R5,872. 4 Dividends declared during 2007 totaled R1,131. 0 million. 1. 26(Sterlite Industries; retained earnings relations. ) (Amounts in Millions of Rupees) RetainedRetained Earnings NetDividendsEarnings March 31,IncomeDeclared=March 31, 006+for 2006–for 20062007 Rs26,575+? –Rs3,544=Rs70,463 Net income for the year ended March 31, 2007 (fiscal 2006) was Rs47,432 million. 1. 27(Target Corporation; cash flow relations. ) (Amounts in Millions) Cash atCash FlowCash FlowCash FlowCash at Feb. 3,fromfromfromFeb. 2, 2007+Operations+Investing+Financing=2008 $813+$4,125+$(6,195)+$3,707=? Cash balance at February 3, 2008 = $2,450 million. 1. 28(Edeneor S. A. ; cash flow relations. ) (Amounts in Millions) Cash atCash FlowCash F lowCash FlowCash at End offromfromfromEnd of 2006+Operations+Investing+Financing=2007 Ps32,673+Ps427,182+? +Ps(21,806)=Ps101,198 The net cash outflow for investing for 2007 = Ps(336,851) million. 1. 29(Kenton Limited; preparation of simple balance sheet; current and noncurrent classifications. ) January 31, 2008 Assets Cash? 2,000 Inventory12,000 Prepaid Rent24,000 Total Current Assets? 38,000 Prepaid Rent? 24,000 Total Noncurrent Assets? 24,000 Total Assets? 62,000 Liabilities and Shareholders’ Equity Accounts Payable? 12,000 Total Current Liabilities? 12,000 Total Noncurrent Liabilities Total Liabilities? 12,000 Common Stock? 50,000 Total Shareholders’ Equity? 50,000 Total Liabilities and Shareholders’ Equity? 62,000 1. 0(Heckle Group; preparation of simple balance sheet; current and noncurrent classifications. ) June 30, 2008 Assets Cash(720,000 Total Current Assets(720,000 Property, Plant and Equipment(600,000 Patent120,000 Total Noncurrent Assets(720,000 Total Assets(1,440,000 Liabilities and Shareholders’ Equity Accounts Payable(120,000 Total Current Liabilities(120,000 Note P ayable(400,000 Total Noncurrent Liabilities(400,000 Total Liabilities(520,000 Common Stock(920,000 Total Shareholders’ Equity(920,000 Total Liabilities and Shareholders’ Equity(1,440,000 1. 31Boeing Company; accrual versus cash basis of accounting. a. Net Income = Sales Revenue – Expenses = $66,387 million– $62,313 million = $4,074 million. Net Cash Flow = Cash Inflows– Cash Outflows = $65,995 million– $56,411 million = $9,584 million. b. Cash collections may exceed revenues for at least two reasons. First, Boeing may have collected in 2007 on customer credit sales made in 2006. Second, Boeing may have collected cash from customers in advance of providing them with goods and services. c. Cash payments may be less than expenses for at least two reasons. First, Boeing may have received goods and services from suppliers, but not yet paid for those items (i. e. the amounts are to be paid in the next year). Second, Boeing may have accrued expense s in 2007 that will be paid in cash in future periods; an example would be the accrual of interest expense on a bond that will be paid the next year. 1. 32(Fonterra Cooperative Group Limited; accrual versus cash basis of accounting. ) Calculation of net income for the year ended May 31, 2007: May 31, 2007 Revenue$13,882 Cost of Goods Sold(11,671) Interest and Other Expenses(2,113) Income before Taxes$98 Tax Expense$(67) Net Income$31 Calculation of net cash flow for the year ended May 31, 2007: May 31, 2007 Cash Receipts from Customers$13,882 Miscellaneous Cash Receipts102 Total Cash Receipts$13,996 Cash Payments to Employees and Creditors$(5,947) Cash Payments to Milk Suppliers(6,261) Cash Payments for Interest Costs(402) Cash Payments for Taxes(64) Total Cash Payments$(12,674) Net Cash Flow$1,322 1. 33(Dragon Group International Limited; balance sheet relations. ) (Amounts in Millions) The missing items appear in boldface type below. 20072006 Assets Current Assets$170,879$170,234 Noncurrent Assets28,94517,368 Total Assets$199,824$187,602 Liabilities and Shareholders Equity Current Liabilities$139,941$126,853 Noncurrent Liabilities7,0107,028 Total Liabilities$146,951$133,881 Shareholders Equity$52,873$53,721 Total Liabilities and Shareholders Equity$199,824$187,602 1. 34(Lenovo Group, Inc. ; balance sheet relations. ) The missing items appear in boldface type below. 20082007 Assets Current Assets$4,705,366$3,062,449 Noncurrent Assets2,494,4812,388,389 Total Assets$7,199,847$5,450,838 Liabilities and Shareholders Equity Current Liabilities$4,488,461$3,527,504 Noncurrent Liabilities1,098,123789,058 Total Liabilities$5,586,584$4,316,562 Shareholders Equity$1,613,263$1,134,276 Total Liabilities and Shareholders Equity$7,199,847$5,450,838 1. 5(Colgate Palmolive Company; income statement relations. ) The missing items appear in boldface type below. 200720062005 Sales$13,790$12,238$11,397 Cost of Goods Sold(6,042)(5,536)(5,192) Selling and Administrative Expenses(4,973)(4,355)(3,921) Other (Income) Expense(121)(186)(69) Interest Expense, Net(157)(159)(136) Income Tax Expense(759)(648)(728) Net Income$1,738$1,354$1,351 1. 36(Pol o Ralph Lauren; income statement relations. ) (Amounts in Millions) The missing items appear in boldface type below. 200720062005 Net Revenues$4,295. 4$3,746. 3$3,305. 4 Cost of Goods Sold(1,959. 2)(1,723. 9)(1,620. ) Selling and Administrative Expenses(1,663. 4)(1,476. 9)(1,377. 6) Operating Income$672. 8$545. 5$306. 9 Other Income (Expense)(34. 0)(43. 8)(2. 7) Interest Income (Expense), Net4. 51. 2(6. 4) Income Tax Expense(242. 4)(194. 9)(107. 4) Net Income$400. 9$308. 0$190. 4 1. 37(Ericsson; statement of cash flows relations. ) ERICSSON Statement of Cash Flows (Amounts in SEK Millions) 2007 20062005 Operations: Revenues, Net of ExpensesSEK19,210SEK18,489SEK16,669 Cash Flow from OperationsSEK19,210SEK18,489SEK16,669 Investing: Acquisition of Property and EquipmentSEK(4,319)SEK(3,827)SEK(3,365) Acquisition of Businesses(26,292)(18,078)(1,210) Sale Property and Equipment152185362 Sale of Short-Term Invest- ments3,4996,1806,375 Other Investing Activities(573)663(1,131) Cash Flow from InvestingSEK(27,533)SEK(14,877)SEK1,031 Financing: Proceeds from BorrowingsSEK15,587SEK1,290SEK657 Repayment of Borrowings(1,291)(9,510)(2,784) Sale of Common Stock94124174 Dividends Paid(8,132)(7,343)(4,133) Other Financing Activities40658(288) Cash Flow from FinancingSEK6,664SEK(15,381)SEK(6,374) Change in CashSEK(1,659)SEK(11,769)SEK11,326 Cash, Beginning of Year29,96941,73830,412 Cash, End of YearSEK28,310SEK29,969SEK41,738 1. 38(Jackson Corporation; statement of cash flows relations. ) JACKSON CORPORATION Statement of Cash Flows (Amounts in Millions) 2008 20072006 Operations: Revenues Increasing Cash$19,536$19,083$17,233 Expenses Decreasing Cash(16,394)(18,541)(18,344) Cash Flow from Operations$3,142$542$(1,111) Investing: Sale of Property, Plant and Equipment$332$401$220 Acquisition of Property, Plant and Equipment(3,678)(3,640)(1,881) Other Investing Transactions71(1,501)268 Cash Flow from Investing$(3,275)$(4,740)$(1,393) Financing: Proceeds of Long-Term Borrow- ng$836$5,096$3,190 Issue of Common Stock67373 Repayments of Long-Term Debt(766)(922)(687) Cash Flow from Financing$137$4,211$2,506 Change in Cash$4$13$2 Cash, Beginning of Year117104102 Cash, End of Year$121$117$104 1. 39(JetAway Airlines; preparing a balance sheet and an income statement. ) a. JETAWAY AIRLINES Balance Sheet (Amounts in Thousands) Sept. 30,Sept. 30, 20082007 Assets Cash$378,511$41 8,819 Accounts Receivable88,79973,448 Inventories50,03565,152 Other Current Assets56,81073,586 Total Current Assets$574,155$631,005 Property, Plant and Equipment (Net)4,137,6105,008,166 Other Noncurrent Assets4,23112,942 Total Assets$4,715,996$5,652,113 1. 39 a. continued. Liabilities and Shareholders Equity Accounts Payable$157,415$156,755 Current Maturities of Long-Term Debt11,9967,873 Other Current Liabilities681,242795,838 Total Current Liabilities$850,653$960,466 Long-Term Debt623,309871,717 Other Noncurrent Liabilities844,116984,142 Total Liabilities$2,318,078$2,816,325 Common Stock$352,943$449,934 Retained Earnings2,044,9752,385,854 Total Shareholders Equity$2,397,918$2,835,788 Total Liabilities and Shareholders Equity$4,715,996$5,652,113 b. JETAWAY AIRLINES Income Statement (Amounts in Thousands) For the Year Ended: Sept. 30, 2008 Sales$4,735,587 Salaries and Benefits Expense(1,455,237) Fuel Expense(892,415) Maintenance Expense(767,606) Other Operating Expenses(1,938,753) Interest Expense(22,883) Interest Income14,918 Net Income$(326,389) c. Retained Earnings, September 30, 2007$2,385,854 Plus Net Loss for 2008(326,389) Less Dividends Declared during 2008 (Plug)(15,390) Retained Earnings, September 30, 2008$2,044,075 1. 40(Block’s Tax and Bookkeeping Services; cash versus accrual basis accounting. ) a. Income for July, 2008: (1)Cash Basis Accounting Sales Revenues$13,000 Rent (Office)(6,000) Rent Equipment(12,000) Office Supplies Expense(370) Income (Loss)$(5,370) 1. 40 a. continued. (2)Accrual Basis Accounting Sales Revenues$44,000 Rent (Office)(2,000) Rent (Equipment)(2,000) Salaries Expense(6,000) Office Supplies Expense(90) Interest Expense(133) Income (Loss)$33,777 b. Cash on Hand: Beginning Balance, July 1$0 Financing Sources and (Uses): Jack Block Share Purchase40,000 Bank Loan20,000 Total Financing Sources$60,000 Operating Sources and (Uses): Cash Collected from Customers$13,000 Office Rent(6,000) Equipment Rental(12,000) Office Supplies Expense(370) Net Operating Uses$(5,370) Ending Balance, July 31$54,630 The ending balance in cash contains the effects of both operating activities, which have net cash flow of $(5,370) and financing activities, which have net cash flow of $60,000. The firm is financing its operating activities with a bank loan and with funds invested by its owner; both of these sources of funds represent claims on the firm’s assets, not increases in net assets. 1. 41(Stationery Plus; cash basis versus accrual basis accounting. ) a. Income for November, 2008: (1)Cash Basis Accounting Sales$23,000 Cost of Merchandise(20,000) Rent(9,000) Salaries(10,000) Utilities(480) Income (Loss)$(16,480) 1. 41 a. continued. (2)Accrual Basis Accounting Sales$56,000 Cost of Merchandise(29,000) Rent(1,500) Salaries(10,000) Utilities(480) Interest(1,000) Income (Loss)$14,020 b. Income for December, 2008: (1)Cash Basis Accounting Sales Made in November, Collected in December$33,000 Sales Made and Collected in December34,000 Cost of Merchandise Acquired in November and Paid in December(20,000) Cost of Merchandise Acquired and Paid in December(27,500) Salaries(10,000) Utilities(480) Interest(2,000) Income (Loss)$7,020 (2)Accrual Basis Accounting Sales$62,000 Cost of Merchandise(33,600) Rent(1,500) Salaries(10,000) Utilities(480) Interest(1,000) Income (Loss)$15,420 1. 42(ABC Company; relation between net income and cash flows. ) a. [pic] January$875$1,000$750$1,125 February1,1251,0001,500625 March6251,5001,875250 April2502,0002,2500 1. 42 continued. b. The cash flow problem arises because of a lag between cash expenditures incurred in producing goods and cash collections from customers once the firm sells those goods. For example, cash expenditures during February ($1,500) are for goods produced during February and sold during March. Cash is not collected from customers on these sales, however, until April ($2,000). A growing firm must generally produce more units than it sells during a period if it is to have sufficient quantities of inventory on hand for future sales. The cash needed for this higher level of production may well exceed the cash received from the prior periods sales. Thus, a cash shortage develops. The difference between the selling price of goods sold and the cost of those goods equals net income for the period. As long as selling prices exceed the cost of the goods, a positive net income results. As the number of units sold increases, net income increases. A firm does not necessarily recognize revenues and expenses in the same period as the related cash receipts and expenditures. Thus, cash decreases, even though net income increases. c The income statement and statement of cash flows provide information about the profitability and liquidity, respectively, of a firm during a period. The fact that net income and cash flows can move in opposite directions highlights the need for information from both statements. A firm without sufficient cash will not survive, even if it perates profitably. The balance sheet indicates a firms asset and equity position at a moment in time. The deteriorating cash position is evident from the listing of assets at the beginning of each month. Examining the cash receipts and disbursements during each month, however, identifies the reasons for the deterioration. d. Strategies for dealing with the cash flow problem center around (a) reducing the lag b etween cash outflows to produce widgets and cash inflows from their sale, and (b) increasing the margin between selling prices and production costs. To reduce the lag on collection of accounts receivable, ABC might: (1)Provide to customers an incentive to pay faster than 30 days, such as offering a discount if customers pay more quickly or charge interest if customers delay payment. (2)Use the accounts receivable as a basis for external financing, such as borrowing from a bank and using the receivables as collateral or selling (factoring) the receivables for immediate cash. (3)Sell only for cash, although competition may preclude this alternative. To delay the payment for widgets, ABC might: 1. 42 d. continued. ) Delay paying its suppliers (increases accounts payable) or borrow from a bank using the inventory as collateral (increases bank loan payable). 2) Reduce the holding period for inventories by instituting a just-in-time inventory system. This alternative requires ordering raw materials only when needed in production and manufacturing widgets only to customer orders. Demand appears to be sufficiently predictable so that opp ortunities for a just-in-time inventory system seem attractive. To increase the margin between selling price and manufacturing cost, ABC might: 1)Negotiate a lower purchase price with suppliers of raw materials. (2)Substitute more efficient manufacturing equipment for work now done by employees. (3)Increase selling prices. The cash flow problem is short-term because it will neutralize itself by June. This neutralization occurs because the growth rate in sales is declining (500 additional units sold on top of an ever-increasing sales base). Thus, the firm needs a short-term solution to the cash flow problem. If the growth rate were steady or increasing, ABC might consider obtaining a more permanent source of cash, such as issuing long-term debt or common stock. . 43(Balance sheet and income statement relations. ) a. Bushels of wheat are the most convenient in this case with the given information. This question emphasizes the need for a common measuring unit. 1. 43 continued. b. IVAN AND IGOR Comparative Balance Sheets (Amounts in Bushels of Wheat) IVAN IGOR BeginningEnd ofBeginningEnd of Assetsof Period Period of Period Period Wheat2022310105 Fertilizer21 Ox40364036 Plow2 Land100100 50 50 Total Assets162359101193 Liabilities and Owner’s Equity Accounts Payable3- Owner’s Equity162356101193 Total Liabilities and Owner’s Equity162359101193 Questions will likely arise as to the accounting entity. One view is that there are two accounting entities (Ivan and Igor) to whom the Red Bearded Baron has entrusted assets and required a periodic reporting on stewardship. The â€Å"owner† in owner’s equity in this case is the Red Bearded Baron. Another view is that the Red Bearded Baron is the accounting entity, in which case financial statements that combine the financial statements for Ivan and Igor are appropriate. Identifying the accounting entity depends on the intended use of the financial statements. For purposes of evaluating the performance of Ivan and Igor, the accounting entities are separate- Ivan and Igor. To assess the change in wealth of the Red Bearded Baron during the period, the combined financial statements reflect the accounting entity. 1. 43 continued. c. IVAN AND IGOR Comparative Income Statement (Amounts in Bushels of Wheat) IVANIGOR Revenues243138 Expenses: Seed2010 Fertilizer21 Depreciation on Ox44 Plow31 Total Expenses2916 Net Income 214 122 Chapter 1 does not expose students to the concept of depreciation. Most students, however, grasp the need to record some amount of expense for the ox and the plow. d. (Amounts in Bushels of Wheat)IVANIGOR Owner’s Equity, Beginning of Period162101 Plus Net Income214122 Less Distributions to Owner(20)(30) Owner’s Equity, End of Period 356 193 e. We cannot simply compare the amounts of net income for Ivan and Igor because the Red Bearded Baron entrusted them with different amounts of resources. We must relate the net income amounts to some base. Several possibilities include: IVANIGOR Net Income/Average Total Assets82. 2%83. % Net Income/Beginning Total Assets132. 1%120. 8% Net Income/Average Noncurrent Assets155. 1%137. 1% Net Income/Beginning Noncurrent Assets152. 9%135. 6% Net Income/Average Owner’s Equity 82. 6%83. 0% Net Income/Beginning Owner’s Equity132. 1%120. 8% Net Income (in bushels)/Acre10. 7012. 20 This question has no definitive answer. Its purpose is to get students to think about performance measurement. The instructor may or may not wish to devote class time at this point discussing which base is more appropriate.