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I - A. â€Å" Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events† (CICA, Financial statement Concepts 1000.21 (a), 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers, and for that reason Byrn Company observes the representational faithfulness that is one of subsets of reliability. I - B. â€Å"The consistency principle states that businesses should use the same accounting methods and procedures from period to period† (Harrison, Horngren, Lemon, & Lemon, 2004, p. 279) Hence the financial statement of Carroll Company violates the consistency principle. I - C. â€Å"The time-period concept ensures that accounting information is reported at regular intervals† (Harrison, Horngren, Lemon, & Lemon, 2004, p. 114). Still, the company believes that quarterly financial information can be issued whenever it is convenient for the accounting department, and they published its first three quarterly reports during the 10th month of the year. Consequently the financial statement of Dawn’s Data Enterprises violates the timeliness that is one of subsets of relevance. I - D. â€Å"The financial statement representation of a transaction or event is verifiable if knowledgeable and independent observers would concur that it is in agreement with the actual underlying transaction or event with a reasonable degree of precision. Verifiability focuses on the correct application of a basis of measurement† (CICA, Financial statement Concepts 1000.21 (b), 2003). Even though the comptroller of the bank knows the electric pencil sharpener may qualify as an asset by years of benefit expected, he decided that the cost of the sharpener should be expensed. As a result, the financial statement of the bank violates the verifiability that is one of subsets of reliability. I - E. â€Å"Information that helps users to predict an entity’s future income and cash flows has predictive value† (CICA, Financial statement Concepts 1000.20 (a), 2003). The company’s financial statements show ten years successful operation, and it helps Bill to invest in the company. The financial statement of Wilson Enterprises follows the predictive value and feedback value which is one of subsets of relevance. II - A. A dress shop purchases a $3,500 sewing machine to use for alterations. A dress shop’s assets increase amount of $3,500 because assets mean all resources owned by a business.

Famous Creative Thinkers Presentation Essay

Famous Creative Thinkers Presentation I choose Carl Sagan as one of the people that I felt has given a great contribution to the world. Carl Sagan was born in Brooklyn, New York the son of an immigrant worker from the Russian Empire. Name after his mother’s mother. Carl had a sister and his mother was very protective of him. Carl’s mother was not up to par to fit in the social life, so she was restricted. When his parents took him to the New York World Fair, Carl was so excited when he saw the burial of a time capsule, stars and other exhibits that would lead to his inquisitiveness about the world. Later in life Carl and others would build time capsules, but these would be sent out into space for other life forms to find and they would contain Carl’s memories form the world fair. Carl’s parents helped his growing interest for science by buying him books about science and chemistry sets. He loved to read the books about science fiction stories, by writers s uch as H. G. Wells and Edgar Rice Burroughs, they made his imagination even wilder his about whether there was life on other planets such as Mars, Jupiter and Venus. Carl attended the University of Chicago and received his bachelors and was a part of the Ryerson Astronomical Society. He got received his Bachelors of Science in Physics, a Master of Science in physics and a PhD In astrophysics and astronomy. Carl was denied tenure at Harvard, because of his scientific advocacy, being widely publicized. Carl Sagan was a great astronomer, cosmologist, author, astrophysicist, science communicator, and science popularizer. Because of his great inquiries as to what did what and how come Carl thought about if there was truly life outside of the earth. He was the first to actually make the first messages that were sent into space. He studied the earth, stars, planets, he made messages that he thought could be understood by the extraterrestrials. He had over 600 articles published that  were scientific and authored or co-authored more than 20 books. The award winning series named Cosmos was also by Carl Sagan. He was a professor in astronomy at the Unive rsity of Cornell; he was part of the NASA as an advisor. Because of the Cosmos people were able to better relate and understand Carl’s ideas about the worthiness of the human race. Carl did his thinking the best way that he knew and that was to do it his way. Because of Carl they were able to learn the high surface temperature on the planet Venus, was due to the dryness. He was also the first to think about Saturn’s moon Titan may have contains liquids on the surface and that the Jupiter’s moon Europa might have oceans. Carl did organized research on such projects as Near Earth Objects, he composed the Deflection Dilemma, which would be deflecting an asteroid away from the Earth, and then it could be possible to deflect it back to the earth. During his career Sagan would be very much criticized as to his soundness, when it came to extraterrestrial life. Carl loved to urge people to listen using radio telescopes to see if they could hear signals from outer space that could help him prove that there were other life forms. Due to the lack of belief call stated a petition and was able to get 70 scientists to sign it advocating the SETI that was also p ublished in his journal of Science. Carl would later go on to explain his theories and use science to reveal them to the world. His life force was dedicated to science. Under President Regan rained there was to be a Strategic Defense Initiative, that would cost billions of dollars but it would develop a defense against nuclear missile attacks, an Carl was against this because he felt that there was no real way to do this and by doing so would unbalance the Soviet Union and United States making progress in the arms agreement. There was an experiment called : The Nevada Desert Experience† is where Carl would later be arrested twice for climbing a fence at the protest at the Nevada Test Site in order to protest against the government for using test sites that were experimenting in the Nuclear weapons and they where they were conducting the detonations. Carl was also noted as a free spirit and free thinker. References Whitehouse, David (October 15, 1999). â€Å"Carl Sagan: A life in the cosmos†. BBC News (BBC). Retrieved August 30, â€Å"American National Biography Online, Carl Sagan†. Wikipedia, The free encyclopedia Bansky is the second person that I choose to write on. Bansky is a very creative artist that did street and wall graffiti, painter, film director and political activist. No one really knew is real name or when he was born. He was the son of a technician, was born in Bristol England. Originally he was trained to be a butcher. Some say that his work is similar to that of Blek le Rat. Bansky was impressed by an artist known as 3D who was a member of a group called Massive Attack. Bansky displays his art to the public but he does not sell photo graphics are reproductions of his work. His first movie was called Exit through the Gift Shop was a disaster. His art is part of the Bristol Underground Scene. He like the way that stencils would help to use less time to complete a project. Bansky hid from the police while using stencils as a cover while he created his work. There was a statement to be made in each one of Bansky’s art works. Bansky works are usually all anti something. He d id not approve of the way that people considered art on surfaces as graffiti. He wanted to show that it was real art and start to do mural and other such art on public building and public places. Bansky, did his first exhibit in Los Angeles at the 33 1/3 Gallery and the exhibit called Existentialism, later he would produce such exhibits like Turf Wars, Monet’s Water Lily Pond, Barely Legal, and Bansky effect. The Bansky effect is a way of not just tagging but using art to express things and making areas brighter and pleasant to look at. There is not a particular technique Bansky used whatever he thought to be use full at the time. Bansky art has been known to be thought as a way of revenge for the underclass. To tag a mother persons art is disrespectful, and represents them taking away power or territory and not upholding the rules. Bansky’s works can be so different but beautiful when he does his art although it is considered graffiti it is beautiful. He developed a quantity of spoof British money notes, where the head was not the Queens but the Princess Diana’s and text was changed from the Bank of England to Bansky of England. Although they were not re al notes today they are of great value. Bansky also was responsible for nine portraits on a bank wall in Palestine on the Israeli’s  West Bank. Bansky has a flare to make a mockery of centralized power, too state that power can work against you. When it came to politics, Bansky was thought to be anti-fascism, anti-imperialism, anti-capitalism, anti-authoritarianism, nihilism, existentialism and anarchism. Bansky used images and visual as a means to create his art work. I felt that h could have made his work more realistic by not adding things to make the true scene a joke. But when there is an artist they can only put what they feel is their style of art. Bansky was also responsible for Money Bart of the Simpsons. I did not see any academic references. Bansky’s art was deprived from art and musicians. References Creative Thinkers†Banksy creates new Simpsons title sequence†. BBC Banksy, Street Art Cult Hero, International Man of Mystery†. The Village Voice./ Wikipedia, The free encyclopedia

Corporate Social Responsibility And The Global Fast Food...

This essay will be recording my efforts to research of my chosen academic topic. I have selected a source that has been written by Royle, T. (2005). Realism or idealism? Corporate social Responsibility and the employee stakeholder in the global fast-food industry. Business Ethics: A European Review,14(1 ), 42-55. To start with, this academic source was published in January 2005 by Blackwell Publishing Ltd. at Oxford, UK and Malden, USA. Which I have found has many areas of focus. I intend to narrow down a few areas and single out the best suited for my own interests and ambitions. I will investigate what this topic about and try to identify, then examine its strengths and weaknesses from the management perspective. In this†¦show more content†¦One of the interesting areas of McDonald s function is that they try not allowing employees to join unions in many countries where they are located. In this article, we can clearly see that MacDonald s almost everywhere aim to get rid of employees who try to join a union. Up to 2005, there were issues in France and Italy where MacDonald s struggled to keep out the union. Employees in these countries compare to other countries are automatically enrolled into a union agreement as soon as they employed. In my response to the content of this article is positive on one side and negative on another. If we look at the first stage of CSR, which is making money (profit) within the company then I totally, agree with that. On the other hand if you thing about profit in your company, I believe you must thing about your stakeholders as well as revenue. Huge organisations like MacDonald s according to this article follow the first stage of CSR very well however loyalty to its employees in the company not of a high level. Therefore, within this article I strongly disagree with attitude of MacDonald s to employees. 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