Thursday, September 3, 2020

Team Building Term Paper Example | Topics and Well Written Essays - 750 words

Group Building - Term Paper Example In such manner, there are group building practices that have been demonstrated to aid compromise in an authoritative setting. The goal of this article accordingly, is to introduce and depict a group building exercise for compromise that could be appropriate in a hierarchical climate. Group Building Exercise Usually, the wellsprings of contentions inside gatherings are the incongruence of objectives, interests, and absence of exact view of each member’s characters and inclinations. Strife conduct could be showed through unmistakable (or undercover) articulations of antagonistic vibe between individuals from the gathering and conscious obstruction with each other’s exercises. Human conduct specialists have recognized various ways to deal with settle clashes inside gatherings through gathering gatherings, conceptualizing, bunch elements and group building activities, and affectability preparing (Martires and Fule, 2004, pp.114 †118). Gathering elements and group build ing practices are strategies that empower bunch individuals to express their genuine encounters, act out their emotions, notions and feelings on specific perspectives, territories or issues with the guide of a facilitator. The procedure assists individuals with getting an away from of the issue and increase experiences into the circumstance. One case of group building practices that can be introduced inside a hierarchical setting is the Brown Bag Discussion (Destination Imagination, n.d., p. 6). The subtleties that demonstrate the objectives, materials, bearings, and varieties are as per the following: Brown Bag Discussion â€Å"Goal: To have a chance to talk about gathering issues in a reasonable manner Materials: Small bits of paper, paper sack Directions: Have every individual record, on a little bit of paper, the subject that they figure the gathering ought to examine most. Have them overlay the paper twice and store it taken care of. Shake the pack and alternate drawing out a point, understanding it and talking about it. Ensure that the individual who composed the theme is happy with the conversation before you proceed onward the following point. Remind individuals to utilize I articulations. Varieties: Have the gathering record inquiries to make it an icebreaker, or record various statements and coax them out each in turn and discussed what they intend to the group† (Destination Imagination, n.d., p. 6) The activity is easy to comprehend and to execute inside the hierarchical setting and requires exceptionally negligible materials that are anything but difficult to get. Further, as the bearings demonstrate, the point that the gathering could center for the conversation could be the current clash being experienced among bunch individuals. Thusly, with the help of a facilitator, the individuals would be brightened on the potential approaches to determine the contention as got notification from the bits of knowledge and remarks of every part. Additio nally, to help up the conversation, the variety is a useful method that could give an ice breaker to the conversation; as opposed to simply concentrating on the earnestness of the compromise point. An ice breaker could be as gathering exercises that require activities, games, and even fun undertakings that would invigorate genuinely necessary relief from the conventions of the conversation. At long last, the facilitator ought to distinguish which among

Saturday, August 22, 2020

What Are the Changes and Continuities in Germanys Government free essay sample

I anticipate that this book should be a book about the self-disclosure and recuperation of a discouraged youngster and I’m figuring it will end with him new companions and an exercise learned. Quarter Point: Craig, the primary character, is with Aaron, his closest companion. Craig, Aaron, Nia (Aaron’s sweetheart) and different companions are at Aaron’s house, sitting in front of the TV and smoking. These are the gathering of children in each secondary school that take sedates normally and essentially fail to help the remainder of the day. Craig is little and lanky with dull short hair. He’s geek like and he is by all accounts the sort of individual who is modest around individuals who aren’t his loved ones. He’s somewhat mocking and is by all accounts in the shadow of his companion Aaron. Up until this point, the contention is that Craig is discouraged. He won’t rest, when he eats, he vomits, and when he attempts to get his work done, and he gets excessively got up to speed in the pressure that he never gets around to it. We will compose a custom exposition test on What Are the Changes and Continuities in Germanys Government or then again any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Craig goes to the Executive Pre-Professional High School, which is an amazingly renowned school. The schoolwork gets overpowering and that’s the motivation behind why he’s hopeless. Halfway Point: Craig chose to end it all, yet before he even took a stab at anything, he called the Suicide Hotline. They disclosed to him that musings of self destruction were viewed as a health related crisis. At the point when he went to the medical clinic, they carried him to the Adult Psychiatric unit and said he needed to remain until his â€Å"baseline is set up. † He met all the individuals in the ward, including Jennifer/Charles, the transvestite sex junkie, Noelle, who cut her face with scissors, and Craig’s flat mate, Muqtada, an insane, old Egyptian man who never leaves bed. Nia, Aaron’s sweetheart is another significant character in light of the fact that Craig is so clearly fascinated and pulled in to her. She wasn’t the principle or just explanation he is discouraged, yet it is a contributing component. Nia thinks she’s why he needed to end it all, despite the fact that he’s disclosed to her on numerous occasions that that wasn’t valid, which causes her to appear to be narrow minded and conceited. It’s sort of like she’s making his emergency about her. She’s exceptionally indiscriminate and isn’t consistent with Aaron. She doesn’t truly appear to think about anyone else’s issues or sentiments. Up until this point, I like how the storyline is advancing slowly, so you can become acclimated to the numerous characters being presented. It gives you an opportunity to peg their distinctive character qualities, so you can discover what their identity is. The individuals in the ward are useful for Craig’s mending since they don’t have an issue concealing their issues and that’s precisely what he needs. Despite the fact that his dad isn’t a trouble maker, he clearly didn’t instruct Craig to show his sentiments since he doesn’t appear to uncover how he’s feeling outside of treatment meetings. Three Quarter Point: I believe that he will discover his discharge in drawing and craftsmanship, and that he will understand that Pre-Professional school is what is causing all the harm. He appears to have met individuals who empower him and that will enable him to recuperate. He needs the help of individuals like him, individuals who know how he’s feeling. I’ve saw that Ned Vizzini’s composing causes me envision that I’m the one living Craig’s life. I sense that I’m living in the psychological ward and that I’m attempting to figure out how to die down my downturn. It feels as though I’m xperiencing what Craig is or if nothing else like I’m living in his brain, hearing his considerations on all that occurs around him. This book helps me to remember Perks of Being a Wallflower by Steven Chbosky. These books are like me since they address the narrative of youthful teenagers, battling to discover where they have a place, who they love and what they need to do with their lives. They don’t appear the most joyful adolescents alive and they have a similar comical inclination. I believe this book to be under the class Young Adult Drama or Dark Humor. Book’s End: Craig makes sense of that Executive Pre-Professional is a lot for him and that he appreciates craftsmanship as an outlet. He will go to a workmanship school. Rather than going out with a seriously powerful individual like Nia, he’s chose to date Noelle, the young lady he met in the ward. The book closes with Aaron leaving the ward with his family and going for a stroll in the recreation center without anyone else. He is at last allowed to pause for a moment to think for himself without stressing or being vexed or feeling trapped in an endless cycle. The subject of this book is sorrow and having the solidarity to let it be known, manage it, and deal with it. The exercise is that in the event that I at any point hit absolute bottom, I need to discover the arrangement by finding the issue. You can’t unravel anything without it. You need backing and tolerance from others and that is the thing that will enable you to mend. This book has really become my preferred book. It has feeling, love, cleverness, and truth, anything you would ever need or need in a book. I would prescribe this book to a companion on the grounds that despite the fact that it’s not that hard to peruse, it’s got a great deal of heart.

Friday, August 21, 2020

Fnancial analysis. Accenture, Wal-Mart, and McDonalds Essay

Fnancial investigation. Accenture, Wal-Mart, and McDonalds - Essay Example McDonald’s is the biggest drive-through joint on the planet. The organization has more than 32,000 stores around the world. The worldwide deals of McDonald’s in 2011 were $27 billion. The utilization of forceful publicizing techniques has helped McDonald’s gain ubiquity, increment its client base, and accomplish predominant client maintenance. Area two The yearly reports of Accenture, Wal-Mart, and McDonald’s were downloaded for audit. Every yearly report gave data with respect to the fiscal reports of the organizations. Every one of the three organizations exhibited having solid money holds. The firm with the biggest money account was Wal-Mart with $7.40 billion. Accenture positioned second between the three organizations at $5.7 billion, while McDonald’s had the most vulnerable money position at $2.34 billion. The present proportion was picked as the measurement to gauge the company’s capacity to take care of its momentary obligation utilizing current resources. Every one of the three organizations are in acceptable situation to take care of their present obligation because of the way that each of the three organizations had a present proportion over the 1.0 limit. Wal-Mart used the most money on contributing exercises out of the three firms at $12.19 billion. The firm that had the most reduced measure of money spend in contributing exercises was Accenture with $0.7 billion. The measure of money spend in contributing exercises by McDonald’s was $2.57 billion. The firm with the most elevated change in non-current resources during monetary year 2011 was Wal-Mart with $5.55 billion. ... The measure of money spend in contributing exercises by McDonald’s was $2.57 billion. The firm with the most elevated change in non-current resources during monetary year 2011 was Wal-Mart with $5.55 billion. The change in non-current resources of Accenture and McDonald’s were $0.99 billion and $24 million separately. Segment five Net pay 2009 2010 2011 Accenture $1.59 billion $1.78 billion $2.28 billion McDonald’s $4.55 billion $4.95 billion $5.5 billion Wal-Mart $13.38 billion $14.37 billion $16.39 billion Cash stream from working exercises 2009 2010 2011 Accenture $3.16 billion $3.09 billion $3.44 billion McDonald’s $5.75 billion $6.34 billion $7.15 billion Wal-Mart $23.64 billion $26.25 billion $23.64 billion From 2009 to 2011 Accenture, McDonald’s and Wal-Mart all appreciated increments in overall gain. The salary of Accenture went up by 43.39% in correlation with 2009 and it rose by 28.08% in examination with 2010. In 2011 McDonald’s de lighted in an overall gain increment of 11.11% in correlation with the earlier year. Wal-Mart had a total compensation increment of 14.05% somewhere in the range of 2010 and 2011. The retail monster delighted in the best total compensation increment at $2.02 billion. The main organization that appreciated back to back increments in real money from working exercises during the period somewhere in the range of 2009 and 2011 was McDonald’s. Area six Based on the budgetary investigation performed on the three organizations in this paper I will pick the organization that is the best venture elective for speculators hoping to bring in some cash. Wal-Mart Corporation was the organization with the most noteworthy measure of money stores and it was additionally the firm with the most elevated current proportion. Wal-Mart has the best liquidity of the three firms. Wal-Mart

Sunday, June 7, 2020

Emotional Development Recognizing & Interpreting Emotions - 1650 Words

Emotional Development: Recognizing & Interpreting Emotions (Research Paper Sample) Content: Name: Mwaura L. WanjiroReg No: E35S/NKU/12150/2013Kenyatta UniversityCourse: Bachelor of EducationUnit: GPS 200- Developmental PsychologyTopic: Emotional DevelopmentSubmission date: 12th July, 2016Outline * Introduction * Emotional Intelligence 1 Definition 2 Development of Emotions 3 Recognizing and Interpreting Emotions 4 Emotional Attachment by Bowlbys Theory 5 Stages of Attachment 6 Factors Promoting Attachment 7 Effects of Attachment 8 Importance of Emotional Attachment * ConclusionEmotional DevelopmentIntroductionHuman growth and development is a complex process that involves a number of individual and communitys efforts. A child undergoes various growth and development stages before becoming an independent, mature and grown up adult. However, some of the development aspects cannot be seen by the naked eye since they are complex and require sociological and psychological approaches to understand them. The desire to nurture children to become adults requires a l ot of efforts from parents, siblings, learning institutions and the society at large. In addition, an individuals efforts to learn and develop fully are also vital in shaping the personality of a person. Emotional development is a critical aspect of human growth process and plays vital roles in shaping the character and behavior of an individual (Schore, 2015). This paper explores the issue of emotional intelligence, Bowlbys theory of attachment and and their importance in transforming the lives of individuals.Emotional Development * DefinitionEmotional development refers to a series of changes that take place in individuals from childhood until they mature. These changes usually affect the way people interact with other and perceive themselves. Therefore, emotional development refers to the various stages of psychological development that enable people to understand themselves, those around them and their environment. The process of emotional development is highly influenced by a number of factors that originate either from an individual or the external environment. The development of an individuals emotions has significant impacts on the personality of that person and thus shapes the behavior and perception of an individual. * Development of EmotionsEmotional development is a continuous process that takes place, especially during the early childhood years of an individual. Primary emotional development occurs from birth until when a child attains seven months. At birth it is common to observe the development of simple emotions among children and this includes the following (Malekpour, 2013). The first emotional development that is evident among children aged less than two months includes showing interest and contentment in some individuals and issues. In addition, such children also show distress and disgust regarding issues that do not excite them. Children aged between two years and seven months have the ability to show anger, sadness and joy and an indi vidual can easily notice when each of these emotions emerges. In addition, they express fear and surprise at issues and people they are not familiar with and this means that their cognitive development has started to function properly (Schore, 2015). The development of these emotions is determined by the biological characteristics of individuals and they are common in all children of the same age provided they are normal. Secondary/complex/self-conscious emotions like guilty, shame envy and ride start to emerge when a child attains two years. These emotions have a significant impact on the self-image of individuals and start to emerge when an individual becomes aware of his or her personality, appearance and abilities. * Recognizing and Interpreting EmotionsWhen children attain the age of three months they can learn a lot from the expressions on their mothers faces. They can identify and recognize sadness, anger, joy and happiness by looking at the expressions of their mothers. At this age they become happy when their mothers smile at them and from when they see their mothers sad faces (Malekpour, 2013). At between eight and ten moths children start to interpret more complex emotions and can identify what makes their parents happy or sad. They develop social referencing behavior and this enables them to know the behavior that their parents prefer. When they are twelve months they approach toys or play with items when a stranger smiles at them but avoids them and express fear when the person shows a different expression. They use the emotional intelligence of the people around them to evaluate the appropriateness of their behavior. This skill develops further when children attain the age of 2-3 years as their communication skills develop further. At five years of age they can realize and explain the causes of sadness or happiness in their friends (Schore, 2015). Between six to nine years children rely on both internal and external information to interpret emo tions and people experience different emotions. In addition, they realize that each situation elicits a varying reaction from people and learn how to interpret and interpret different non verbal communication techniques. * Emotional Attachment by Bowlbys TheoryJohn Bowlby, a British child psychiatrist defines emotional attachment as the ability of a child to be attached to a parent and show affection to siblings and the people around it. Bowlby argues that emotional attachment between a mother and her child helps to improve the bond between them and keep the child close to its mother to increase its chances of survival. This scholar described emotional attachment as the strongest psychological connection between human beings. Bowlby argued that feeding intensifies and strengthens the emotional bond between a child and its care giver. People become very connected to those who are near them in times of stress and tribulations and this connection lasts for a very long time. According t o Bowlby emotional attachment becomes stronger when individuals spend more time together and do things that help each other (Meins, 2013). He defined secure attachment as one when a child feels comfortable and playful when the mother is around. Insecure attachment occurs when the mother leaves a child alone and thus makes it uncomfortable and stressed. * Stages of AttachmentThere are four stages of emotional attachment and each occurs at a different time and age of an individuals life. The first stage (asocial stage) occurs between birth and 6 weeks and shows little or no reaction to the person close to it. The second stage consists of indiscriminate attachment and occurs between 6-7 months when children enjoy contact with other people but are very choosy and avoid strangers. They want to be the center of attention of everybody and would like to be carried all the time. The third stage (specific attachment) occurs between the ages of 7 months and the child shows protect when taken a way from the mother or caregiver. They usually develop their first attachment and so they fear strangers who would like to take them away from their mothers (Meins, 2013). The last stage is called multiple attachments and here the child becomes comfortable and friendly with siblings, relatives, family friends and regular visitors. However, their attachment remains stronger with the people who are always close to them. * Factors Promoting AttachmentThere are various factors that promote attachment between children and their mothers and the people around them. First, when parents start to prepare about their new born babies they get so much attached to them. Long preparation in anticipation of the baby makes the mother to have a stronger attachment to the baby. Secondly, feeding the baby, stimulating it and responding to its needs also strengthen the attachment between the child and caregivers and mothers (Ainsworth, Blehar, Waters, Wall, 2015). The child knows the individual is conc erned about it and takes good care of it whenever it is in distress. Thirdly, constant contact with the baby keeps it warm and assures it of comfort and security. These aspects make the child and the person ta...

Sunday, May 17, 2020

Adjectives and Adverbs A Guide to Usage

Adjectives and adverbs are parts of speech and are used to provide additional information about other words. Adjectives and adverbs are also known as content words because they provide important information in sentences. Sometimes students are not sure when to use an adverb or an adjective. This short guide provides an overview and rules for using both adjectives and adverbs. Adjectives Adjectives modify nouns and can be used a few different ways in a sentence. In their simplest form, they are placed directly before a noun: Tom is an  excellent  singer.I bought a  comfortable  chair.Shes thinking about buying a  new  house. Adjectives are also used in simple sentences with the verb to be. In this case, the adjective describes the subject of the sentence: Jack is happy.Peter was very tired.Maryll be excited when you tell her. Adjectives are used with sense verbs or verbs of  appearance (feel, taste, smell, sound, appear and seem) to modify the noun which comes before the verb: The fish tasted awful.Did you see Peter? He seemed very upset.Im afraid the meat smelled rotten. Adverbs Adverbs modify verbs, adjectives, or  other adverbs. They are easily recognized because they end in ly. They are often used at the end of a sentence to modify the verb: Jack drove carelessly.Tom played the match effortlessly.Jason complained about his classes constantly. Adverbs are used to modify adjectives: They seemed extremely satisfied.She paid increasingly high prices. Adverbs are also used to modify other adverbs: The people in the line moved incredibly quickly.She wrote the report unusually neatly. Confusing Adjectives and Adverbs As you may have noticed, adverbs often end in ly. In fact, you can often change an adjective into an adverb by simply adding ly. (For example: slow/slowly, careful/carefully, patient/patiently.) However, there are a number of adjectives that also end in ly, which can be confusing. For example: It was a chilly afternoon in the country.Alice has curly red hair.There are many friendly people in Portland.What a lovely surprise to see you again! Adjectives and Adverbs With the Same Form There are a number of adjectives and adverbs that have the same form, which can confuse non-native English speakers. The two most common are hard  and fast.  Other words that can function as both adverbs and adjectives include easy, fair, and just.   Adjective:  She had a hard time at school.Adverb:  She works very hard at her job.Adjective:  He said it was an easy test.  Adverb:  Please take it easy and relax.  Adjective:  He is a just man.Adverb:  I just missed the bus.

Wednesday, May 6, 2020

Theme Of Happiness In Fahrenheit 451 - 1101 Words

According to Storm Jameson, â€Å"Happiness comes of the capacity to feel deeply, to enjoy simply, to think freely, to risk life, to be needed.† Jameson suggests that happiness is not just having fun, but it is to be present in the moment and to make connections with others. Happiness is rarely found in the novel Fahrenheit 451, because this joyless society defines â€Å"fun† as driving with the need for speed and with an intention of killing small animals and people or the deadening white noise of endless television viewing. The novel Fahrenheit 451 conveys this very idea as the protagonist Guy Montag and others in his society are unable to achieve full happiness. Author Ray Bradbury suggests the truth of Jameson’s statement primarily through†¦show more content†¦Clarisse says, â€Å"I tell them that sometimes I just sit and think†(21). Finally, Montag is made aware of this simplicity. When he is trying to find happiness himself, he remembers that Clarisse finds contenment through siting, observing and thinking. Montag begins to notice that his wife is a foil as she had never done either one of those things. Bradbury supports Jameson’s quote of happiness by showing how Mildred is suicidal and has no connection with people and her only connection is with her â€Å"Family† in the walls on Television. Montag begins to find himself and starts to realize that he really doesn’t care about Mildred, that she is an empty vessel. Later in the book Montage feels a stronger connection to a girl that he has only spoken to a handful of times versus his own wife whom he is suppose to have a strong connection. When Montage almost died by getting run over he says, â€Å"I wonder if they were the ones who killed Clarisse! He wanted to run after them yelling. His eyes watered.† (114). Montag knew Mildred for years yet he realizes that when she leaves him she will never miss him or mourn him; Montag feels clo ser with Clarisse as marvels at her idea of happiness. Montag starts to develop deeper feelings about thoughtful people like Clarisse. He would cry for this girl he barely knew more than he would for his own wife whom he felt no connection to. Faber, likeShow MoreRelatedTheme Of Happiness In Fahrenheit 4511889 Words   |  8 PagesThroughout history, authors, psychologists, philosophers, and everyone in between have asked themselves the question, what does true happiness consist of? Is ignorance bliss, or do knowledge and learning provide true happiness? Ray Bradbury’s novel, Fahrenheit 451 asks, and answers this exact question. Within the novel, authorities in society have decided that ignorance is the best solution to inequality and unhappiness. In this futuristic, dystopian world, firemen start fires instead of puttingRead MoreTheme Of Happiness In Fahrenheit 4511785 Words   |  8 PagesPursuing that happiness becomes a goal that we strive for on an everyday basis. In America, it’s the American Dream. People come to this country in search of that elusive happiness. Ever since Thomas Jefferson wrote a very important sentence in our Declaration of Independence: â€Å"We hold these truths to be self-evid ent, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the pursuit of Happiness† (Jefferson),Read MoreFahrenheit 451 By F. Bradbury1131 Words   |  5 Pages Fahrenheit 451 is a very interesting book that shows its many themes in different ways. Through a compare and contrast between the our world now and the world presented in Fahrenheit 451 we will be able to see the different themes and the factors that influence them. The four main factors that influence the story are the controlling government, terrible social conditions, advances technology and censorship. Although, some a play a bigger part than others, without all the them the book s finalRead MoreRay Bradbury Once Said, â€Å"Collecting Facts Is Important.1517 Words   |  7 Pagesnovel, â€Å"Fahrenheit 451,† provides insight to the overlying problems found in the futuristic utopian society. Ray Bradbury is well known for his masterful use of words to fill his novels with theme. Do we, as readers, pick up on the many universal ideas, or themes, authors provide in short stories, novels, or even social media postings? Theme, as Portable Literature Reading, Reacting, Writing states, is the â€Å"central or dominant idea [of a work of literature]; however, many people confuse theme withRead MoreBrave New World And Fahrenheit 451 Essay1318 Words   |  6 PagesHuxley’s Brave New World, and Ray Bradbury s Fahrenheit 451, the idea of an ambiguous future are ex. Both of these works have original ideas and stories. Brave New World focuses more on mass production and capitalism, while Fahrenheit 451 explores more about censorship. Both of these works still share many similarities. They both deal with self expression, depression, drug abuse, and many other prominent themes. Brave New World and Fahrenheit 451 both reached their social extremes through governmentRead MoreFahrenheit 451 By Ray Bradbury1564 Words   |  7 PagesIn Fahrenheit 451, Bradbury highlights the strong impact literature has on people through a society that views books as threats, therefore, banning them. The citizens aren t able to see through the forms of control t hat the government utilizes to prevent questioning and promote uniformity, although some do have their own views of the world which can be shown through the characters actions, as well as songs. Both Montag, Mildred, the theme of technological control, and the event of Montag meetingRead MoreRay Bradburys Fahrenheit 451 Essay552 Words   |  3 Pages In the book Fahrenheit 451 the theme is a society/world that revolves around being basically brain washed or programmed because of the lack of people not thinking for themselves concerning the loss of knowledge, and imagination from books that dont exist to them. In such stories as the Kurt Vonneguts quot;You have insulted me letterquot; also involving censorship to better society from vulgarity and from certain aspects of life that could be seen as disruptive to day to day society which leadsRead MoreFahrenheit 451 Comparison Essay1185 Words   |  5 PagesFahrenheit 451 Ray Bradbury’s Prediction of the Future TREVOR YOUNG Fahrenheit 451 is a dystopian novel written by Ray Bradbury that depicts a futuristic American society where books are banned and independent thought is persecuted. Bradbury uses his imagination to take a hard look at a world consumed by technology, and he presents predictions about pleasure, violence and anti-intellectualism that are alarmingly similar to the modern American society. Notably, in both societies people findRead MoreDystopian Society In Fahrenheit 451 By Ray Bradbury1243 Words   |  5 PagesFahrenheit 451 by Ray Bradbury takes the reader to a dystopian society where firemen do more harm than good. The setting takes place in a large United States city in the year 2053. The story has a futuristic and dark tone which makes the reader wonder what the future holds. Has the government become so corrupt that it has the power to control everything? Ray Bradbury tells a story of what happens to society when the government controls people and replaces happiness with dist ractions. The charactersRead MoreReview of Ray Bradburys Fahrenheit 451 Essay1496 Words   |  6 PagesReview of Ray Bradburys Fahrenheit 451 In Ray Bradburys novel Fahrenheit 451, the author utilizes the luxuries of life in America today, in addition to various occupations

Financial Accounting and Reporting Verizon Communication Analysis

Question: Analyze and explain the requirements for full disclosure in financial reporting. Evaluate the importance and impact of full disclosure or non-disclosure in accounting practices. Use technology and information resources to research issues in intermediate accounting. Write clearly and concisely about intermediate accounting using proper writing mechanics. Answer: Introduction The financial reports of the company serve as a very important source of decision making by the stakeholders of the company. The financial statements reflect the financial worthiness of the company. The financial reports that are having inadequate information will discourage the prospective investors to invest in the company. The investors will not have any basis for deriving conclusions about the performance of the company. Verizon Communications financial reports, annual reports, companys management discussion and notes to financial statements are analyzed critically. The analysis will bring out the degree of effectiveness of the company in preparing financial statements and the impact of the financial statements on the companys growth (Bezborodova, 2013). Analysis of financial statements of Verizon Communications Disclosure Requirements on accounting policies Verizon Communications have disclosed in its notes to consolidated financial statements a summary of its accounting policies. They have declared that they maintain their financial statements according to the U.S. accepted accounting policies(GAAP). The company has disclosed its method of estimation. The accounting estimates used by the company includes the allowance for doubtful debts, the fair value of financial securities, the non-recognition of tax benefits, etc. The company depreciates plant and machinery on a straight-line basis. The company has disclosed the basis of its derivative instruments transactions. The disclosure states that the company enters into derivative transactions to maintain the fluctuations in foreign currency exchange rates. The company further declares that it does not hold derivative for the purpose of their trading. The derivatives are valued at fair value (Elliott Elliott, 2008). The accounting estimates are based on the prudence and the expert knowledge of the report preparers. The accounting estimates reflect an approximated amount of transactions that are to be debited or credited in the financial statements. The users of the financial reports put their reliance on the financial statements if the measurement of the accounting estimates is fair. The disclosure of derivative transactions will help the investors in ascertaining the kind of investment activities ('Financial Statements', 2012). The company has disclosed a comprehensive summary of its accounting policies. All the important accounting policies like the method of revenue recognition, accounting estimates, inventory valuation, asset depreciation, goodwill valuation, foreign currency transactions, etc. are properly disclosed. The disclosures provide a strong base for coming to a conclusion regarding the fair and true position of the company. The company has also made disclosures of the currently adopted accounting standards. The company has also mentioned the effect of the currently adopted accounting standards. The disclosures of the accounting policies of Verizon Communications is appropriate and forms a strong base for the investors decision making (Greuning, 2006). Management Discussion and Analysis on Annual Report The Management's Discussion has stated the increase in consolidated revenues of 2014 as compared to the revenue of 2013. The discussion has explained the reason for the increase in revenues. The reason being higher profits from Wireless. The management discussion includes the outcome of the company's activities. The discussion on the performance of both the segments of the company is done. The company has indirectly acquired Vodafone's shares of 45%. This has led to the complete ownership of Verizon Wireless. The Wireline segment has disposed a non-profit unit. The company has declared a quarterly dividend during 2014. The company has increased the quarterly dividend by 3.8%. The company proudly declares that the company is paying a regular dividend since eight years (Wen, 2012). The company has also mentioned that the aim of the company is to render long-term value for the shareholders of the company. The company also promises that the company will make all possible investments that will benefit the interest of the shareholders. Verizon Communications estimates to incur capital expenditure during 2015 that may result in increasing the capacity and meeting the customers expectations. The company also wishes that the capital expenditures may reduce as a percentage of revenue in 2015 as compared to 2014 (Holtzman, 2008). The users of the financial statements will be able to analyze the performance of the company by evaluating the increased revenue in 2014. The prospects of the company may appear favorable. The prospective investors can take decisions on the basis of acquisition and divestment made by the company. The acquisition has made the company the complete owner of Verizon Wireless. The company has paid regular dividends over the past years. The company cares to enhance the profitability of its shareholders. The low percentage of capital expenditure will not only increase the revenue of the company but also the capacity of the company in delivering services to the increased customers demand (Kanodia, 2006). Segment Reporting Market segmentation is done so that the company will be able to deliver best products or services to a particular segment of people or market. The companies determines segments based on various variables like region-wise, location-wise, demand-wise, price-wise, etc. The advantages of segment reporting of financial data are as follows- 1. The segment reporting reflects the profit generating and non-profit areas. 2. The investors can observe the activities of the company in a better way. 3. The companies can make a comparative analysis of competitors based on segments. The disadvantages of segment reporting are as follows- 1. The data can be manipulated to present a profitable figures of some segments. 2. The segments may not be comparable. 3. The segment reporting primarily focuses on present data rather than past trends. The advantages are far more than the disadvantages of segment reporting. The segment reporting reflects the units that are loss bearing. The company can take steps to eliminate the loss. The segment reporting also helps in dividing and fixing responsibilities (Stocken, 2012). Verizon Communications have two segments- Wireless and Wireline. The company reflects the governmental taxes on both the segments on a net basis. The company has reflected separate operating financial information of its two segments. The company has also reflected individual assets employed in individual segments. The company's financial statements also represent a reconciliation to the consolidated segment reporting (Pounder, 2009). The segment reporting should be done in such a manner that it facilitates comparison across industries. The company should reflect the transfer pricing provisions of the company in an elaborative manner. The company has stated a general information that the intersegment sales of products and services are done at the current market price. The impact of Auditors Report The Auditors Report of Verizon expresses their view that the financial reports present fair and true view of the financial position of the company as at December 31, 2014. The auditors' report states that the financial statements of the company is prepared by The US generally accepted accounting principles. The audit report also states that because of the unavoidable shortcomings of internal control, there may not be an adequate reflection of errors. The internal controls often become insufficient due to the changes in circumstances. The auditors have expressed their unqualified opinion in respect of internal control mechanism of the company based on the COSO criteria. The company records the transactions properly so that they can well be reflected in the financial statements. The cash inflow and outflow are being conducted after proper authorization by the management of the company. There is adequate mechanism on the detection and prevention of fraud. There are two types of audit re ports in the annual reports. One expresses an opinion on the internal control mechanism of the company, and the other expresses an opinion on the preparation of financial statements of the company (Stickney, Brown Wahlen, 2007). The bank will consider the auditors report before advancing loan to the company. The bank will refer the auditors report to observe whether the companys financial statements reflect a true financial position of the company or not. Many a times, the companies show an overvalued presentation of its financial statements to obtain bank loans. The bank will also overview the internal control reports to ascertain whether all the transactions are conducted under a proper authorization or not. Thus, the auditors' report will help the bank to judge the credibility of the company. Conclusion The analysis of Verizon Communications has resulted in arriving at the judgment that the company adheres to the prescribed accounting standards and accounting regulations. The company cares for the interests of its shareholders. The company has good future growth prospective. The company carries out its operations effectively. The company has done segment reporting in an understandable manner. The company has good credit worthiness. The company succeeds in attracting prospective investors. Even the company succeeds in maintaining the confidence of the existing investors. References Bezborodova, Y. (2013). The analysis of financial statements as approach to the assessment of financial stability of the enterprise. RAJ, 24(2). doi:10.15535/69 Elliott, B., Elliott, J. (2008). Financial accounting and reporting. Harlow: Financial Times Prentice Hall. Financial Statements. (2012). Review Of Income And Wealth, 58(4), 774-785. doi:10.1111/j.1475-4991.2012.00526.x Greuning, H. 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