Sunlight and Concave Mirror for Cooking Essay Sample free essay sample

The research workers thought of seeking to come up with a stopgap solar cooker in order to prove if this manner of cookery may be effectual and utile in replacing for a sauteing pan and a range. The solar cooker may be a possible option when cooking out-of-doorss under the heat of the Sun. It could besides be a immense energy rescuer and a safer manner of cookery. avoiding jeopardies such as Burnss. The research workers have picked the safest and easiest process and stuffs in doing a solar cooker so that adolescents or even people younger may seek doing it themselves. The first measure in doing the solar cooker was happening the right stuffs. This included a long narrow box. posting board. a axial rotation of foil. Ice lolly sticks. composition board and barbeque sticks. Since the focal point needed to be someplace in between 5† to 10† . one box was placed on top of another box of the same length and breadth. We will write a custom essay sample on Sunlight and Concave Mirror for Cooking Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ice lolly sticks were taped to the interiors of the box as support. The focal point was set and a piece of posting board. measured to suit in the center of the box was placed at that place. The foil was so placed on top of the posting board. doing certain it was non every bit furrowed as possible. It was placed in the heat of the Sun and there was a certain topographic point where the visible radiation hit. Two pieces of composition board were taped to the sides of the topographic point and the barbeque stick with a whole piece of hot dog was placed where the visible radiation hit. The solar cooker with the hot dog was left under the sun’s heat while the research workers watched if it would work. It took about 20-25 proceedingss before the hot dog was cooked. The research workers so tried to cut another piece of hot dog into smaller pieces to see if it would decrease the clip being consumed. It took about 15-20 proceedingss in cooking the smaller pieces. Lesser clip was consumed in cooking the smaller pieces compared to cooking the whole piece. The solar cooker had worked. though after two tests of cooking the hot dog. the foil became a spot oily due to the oils coming from the hot dog. The research workers have concluded that the stopgap solar cooker they have come up with plants and may so be utile when cooking out-of-doorss. It’s cheap. overall since the stuffs used were non costly and portable because it’s non a fuss conveying it anyplace sing it isn’t bulky and is really light. It’s easy to do with the simplest stuffs which can be bought largely from any food market or supplies store. There are some disadvantages though. This type of solar cooker is clip devouring. particularly nutrients such as hot dog or likewise. So if you are functioning a batch of hungry and impatient people. utilizing the solar cooker are non the best agencies of cooking. But if by opportunity the cookery range at place tallies out of gas or interrupt down. the solar cooker may be considered an option.Recognition We would wish to thank Mr. Vincent Sabong. our Physics facilitator. for giving us an chance to work on an Investigatory Project that enabled us to heighten our accomplishments in the different Fieldss of Science and in readying for our incoming enterprises. In line with this. we would besides wish to thank Mikaela Franchesca Pamatmat’s parents for leting us to develop our Investigatory Project at their house. And above all. we are most thankful to God. the heavenly Father. for blessing us with the proper mentality and for steering us throughout this undertaking.Table of Contentss * AbstractI * Acknowledgement two * Rationale I * Method/Procedure II * Results and Discussion III * Conclusion IV * Recommendation V * Bibliography ( References ) VI I. Rationale* The research workers arrived at this sort of job faltering upon the subject of solar power and how much heat the sun’s beams can bring forth. * The research workers. as a group think that this is of large significance since planetary heating is so a serious job in the universe. in line with this. use of energy is one of the factors that concerns this. and as pupils. look intoing on this may be a manner of assisting out. They besides thought that this would be a merriment and advanced experience particularly since this is non something you see or do every twenty-four hours. * Problem: Can we cook nutrient by utilizing a mirror and sunshine? * Hypothesis: * H1: If heat is produced once the sun’s beams are reflected through the mirror to the nutrient attempted to be cooked. so we can cook nutrient utilizing a mirror and sunshine. * H2: If the heat coming from the Sun is non plenty as compared to the heat coming from the gas scope or electric range. so we can non cook nutrient utilizing merely a mirror and sunshine. * OBJECTIVES OF THE STUDY: * The researchers’ chief aim is to be able to come up with a successful probe and turn out that it is so possible to cook utilizing simply a mirror and sunshine. Energy deficit is a large issue in our state right now and monetary values are increasing as the old ages go by. Conducting this survey may besides take to detecting and introducing new ways on how to conserve energy. specifically when it comes to cooking nutrient. since nutrient is one of the things wherein we use our electricity for the most. Peoples use electricity for our microwaves. electric ranges. oven wassailers. rice cookers. java machines. and so much more. * SIGNIFICANCE OF THE STUDY: * If by opportunity their job is solved and the result is a success. it could be of great importance to the school. more so. the community. For the school. the survey would assist in doing pupils more cognizant of energy preservation and how they excessively can assist out in cut downing their C footmark. For the community. this could pave the manner to no more energy deficits or blackouts. Everyone. from the upper category to the in-between category. and particularly the less fortunate can profit from this. There will be times when the range will run out of gas or the wassailer and micro-cook won’t work. this can ever be an alternate. For those who don’t have this engineering or live in developing countries. they can utilize this as a make-shift cooker. You non merely salvage up. and avoid emphasis of seeing high payables on your monthly electric measure. but you are able to partake in seeking to decrease. if non halt. the effects of planetary heating. Review of Related Literature and Surveies* Sunlight. in the wide sense. is the entire frequence spectrum of electromagnetic radiation given off by the Sun. peculiarly infrared. seeable. and ultraviolet visible radiation. On Earth. sunshine is filtered through the Earth’s ambiance. and solar radiation is obvious as daytime when the Sun is above the skyline. * When the direct solar radiation is non blocked by clouds. it is experienced as sunlight. combination of bright visible radiation and beaming heat. When it is blocked by the clouds or reflects off of other objects. it is experienced as diffused visible radiation. * The spectrum of the Sun’s solar radiation is near to that of a black organic structure with a temperature of about 5. 800K. The Sun emits EM radiation across most of the electromagnetic spectrum. Although the Sun produces Gamma rays as a consequence of the atomic merger procedure. these ace high energy photons are converted to take down energy photons befo re they reach the Sun’s surface and are emitted out into infinite. As a consequence. the Sun doesn’t give off any gamma beams. The Sun does. nevertheless. breathe X-rays. UV. seeable visible radiation. infrared. and even wireless moving ridges. When ultraviolet radiation is non absorbed by the ambiance or other protective coating. it can do harm to the tegument known as tan or trigger an adaptative alteration in human tegument pigmentation. * A mirror is an object that reflects visible radiation or sound in a manner that preserves much of its original quality prior to its contact with the mirror. The most familiar type is the plane mirror. which has a level surface. Curved mirrors are besides normally used to bring forth exaggerated or diminished images or concentrate light or merely falsify the reflected image. Mirrors are normally used for personal training. ornament or architecture. These are besides used in scientific setup such as telescopes. cameras and industrial machinery. Most mirrors are designed for seeable visible radiation. However. mirrors designed for other types of moving ridges or other wave lengths of electromagnetic radiation are besides used. particularly in non-optical instruments. * A sun-deprived small town in the Italian Alps has come up with a fresh solution to repair certain jobs in their community by put ining a elephantine mirror. The mirror – an eight-by-five metre ( 26x16ft ) sheet of steel – was placed on a nearby extremum to reflect sunlight onto their chief square below. The computer-operated mirror will now invariably follow the sun’s way. * Does sunlight reflected off a mirror addition the temperature of the sun’s rays? It depends. A standard planar mirror will non increase the energy contained in the beams that reflect off it. In fact. there will be some loss of energy since the brooding surface is non perfect. There is some decrease in the light’s strength as it passes through the mirror’s glass and reflects off the backup surface. Parabolic mirrors. on the other manus. focal point and concentrate the light beams on a individual point in forepart of the mirror. competently named the focal point. Although the energy is non amplified. it will be efficaciously increased because of the linear consequence that will ensue when the light energy is concentrated. To clear up. the â€Å"rays† of the Sun. i. e the photons ( energy ) . do non hold any temperature at all. they interact with affair and heat the affair up. * A solar cooker. or solar oven. is a device which uses the energy of sunshine to heat nutrient or drink to cook it or sterilise it. High-tech versions like electric ovens and powered solar cells have some advantages such as being able to work in diffuse visible radiation. Because solar cookers do non utilize fuel and does non be a thing to run. many non-profit organisations are advancing their usage worldwide to assist cut down fuel costs for low-income people. cut down air pollution and slow deforestation and desertification. caused by usage of firewood for cooking. Solar cookery is a signifier of out-of-door cookery and is frequently used in state of affairss where minimum fuel ingestion is of import. or the danger of inadvertent fires is high. II. Method/Procedure* Select a long narrow box ; the longer the box the more heat aggregation is possible. Choose a focal length between 5† and 10† and plan a parabolic curve as seen in the image. One templet could be used for all the cookers. Trace the curve on the unfastened terminal of the box so that it is centered and straight. * Cut out the curve with a public-service corporation knife. Stress the importance of being exact. Measure and cut a piece of posting board that will repair flower against the gap to the box. Attach this with tape get downing at the centre and working toward to borders. * Cover the curve with white gum and use aluminium foil glistening side out. Start in the center and smooth toward the borders. Try non to purse or turn up the foil ; you want it every bit smooth as possible. * Use two garbages of composition board taped to each side as supports. Using the Sun or a projector visible radiation. prove the focal point. There should be a bright top ographic point where visible radiation is concentrated ; grade this topographic point and clout a hole for the skewer. Use a subdivision of a coat hanger from which the pigment has been removed for a skewer. * Enjoy your hot dog! MaterialsMaterials| Quantity|Cardboard paper| 1 roll|Aluminum foil| 1 roll|Barbecue stick| 1|Poster board| 1|Popsicle stick| 2|Shoe box| 2|Time TableDate| Accomplished|June – July 2012| Planning and coming up with a problem| July 24. 2012| Approval of Problem|August 01. 2012| Submission of Phase I|October 6. 2012| Collection and Completion of the Solar Cooker ;Experimentation| Budget Item| Quantity| Price| Cardboard paper| 1 roll| 10 pesos|Aluminum foil| 1 roll| 20 pesos|Barbecue stick| 1| 2 pesos per stick|Poster board| 1 roll| 10 pesos|Popsicle stick| 2| 5 pesos per stick|Shoe box| 2| 20 esos| III. Results and Discussion | Hotdog cooked whole| Hotdog cooked in smaller pieces|Under sunlight| 20-25 minutes| 15-20 minutes|Not under sunlight| It will non be cooked| It will non be cooked| In utilizing the make-shift solar cooker. the sunshine is the most indispensable variable needed in doing the experiment a success. The visible radiation that comes from the Sun reflected on the foil of the solar cooker produces the heat for the hot dog to cook. The hot dog cooked as a whole took about 20-25 proceedingss while when cut into smaller pieces. it took 15-20 proceedingss. IV. DecisionThe research workers have concluded that the stopgap solar cooker they have come up with plants and may so be utile when cooking out-of-doorss. It is easy to do but at the same clip besides clip devouring. Based on the consequences and treatment. a whole hot dog cooked under the sunshine will be ready to eat in 20-25 proceedingss. while a hot dog cut into smaller pieces will be cooked and ready to eat in 15-20 proceedingss. Hotdogs that are non cooked under the sunshine have no opportunity of being cooked at all. The visible radiation that comes from the Sun is the important ingredient for the make-shift solar cooker to be able to cook nutrient. It reflects off to the foil of the solar cooker and gives the heat needed to be able to cook nutrient. V. Recommendation Food is one of the basic demands of a human being and most nutrient requires cooking with fire. In most families. cooking ranges. microwaves or ovens are frequently used. But unluckily there are times when these contraptions deem unavailable or faulty. Because of this. the research workers thought of another manner to cook nutrient in instance of inaccessibility of usual cookery contraptions. The research workers recommend the make-shift solar cooker as an alternate manner to cook your favourite repasts. It can be fast and easy to run with the aid of the visible radiation from the Sun. Cook and have fun now! VI. Bibliography ( mentions ) * hypertext transfer protocol: //news. bbc. co. uk/2/hi/europe/6189371. short-term memory* hypertext transfer protocol: //wiki. replies. com/Q/Does_sunlight_reflected_off_a_mirror_increase_the_temperature_of_the_sun-rays * hypertext transfer protocol: //www. ehow. com/about_5403689_solar-cooker. hypertext markup language

Mcdonalds marketing plan Essays

Mcdonalds marketing plan Essays Mcdonalds marketing plan Essay Mcdonalds marketing plan Essay McDonalds will continue to increase its annual revenue and stock prices over the next five years. The purpose of this report is to show my working knowledge of the 4 As of marketing. Please evaluate this report and prepare for discussion on Wednesday. Product The corporate strategy for McDonalds product is a threefold approach using strategic flexibility. The three components are permanent, temporary, and local product. Each layer of the product strategy fulfills a distinct purpose. The main purpose of the permanent items is to ensure that there is always something familiar or consumers on the menu (1). The temporary products function as a development strategy to give customers a new experience and to experiment with products that may become permanent (1). As McDonalds expands internationally, the local products have been created to meet consumer demands in particular markets (1). The way that McDonalds implements its business level strategy is through product differentiation, such as the companys response to criticism and the publics of popular menu items, such as the Egg White Delight McMullen, which succeeds in cutting fat and calorie count (2). On a functional level, products such as the Microbial Tagging, available across Morocco, serve to support the strategic flexibility of McDonalds corporate strategy. When you walk into a McDonalds no matter where you are in the world the restaurant should connect to the local culture, said company representative Leslie Rose. So when you look at our menus Youll find food that reflects local taste preferences (3). Price The corporate pricing strategy for McDonalds is based on low price/high volume. Effective pricing is a main component but the company also realizes the importance f value- people enjoy McDonalds food which is a big part of repeat business. The best pricing in the world will not sell a product if the consumer does not perceive value in what they are purchasing (4). This strategy is implemented on the business level by the McDonalds Value Menu. The items on the Value Menu often serve as loss leaders in order to sell other products which are profitable (4). On a functional level, prices are contingent on competitors, such as Wendy. Wends has started advertising its lower-priced items more aggressively this year and came out with a ewe value menu (5). This has resulted in expansion of the popular dollar menu and continued efforts to compete with the offerings from other chains, such as the creation of the McDonalds dollar breakfast menu (6). A McDonalds spokesman, Bill Whitman, said the menu isnt aimed at repelling rivals, but several of McDonalds test sites are the same markets where Wends is entering into the breakfast business (6). Place The corporate strategy for McDonalds concerning place is a push and pull strategy. The major focus is on push- that is, opening restaurants all over the U. S. , both in ties and on highways as well as expanding internationally. This strategy has been so successful at discovery and exploitation of new business opportunities that the McDonalds business model has become the norm for other franchise organizations (7). The business level strategy can be seen in the expansion of McDonalds across China. McDonalds should open an outlet a day in China as it challenges Yum! Brand for dominance in Saiss economy (8). We should be opening a restaurant every day in the next three to four years in China, said Peter Iredell, company president for Asia. On a functional level, the company is also branching out to the internet. Americans will soon be able to order and pay from their mobile phones as McDonalds is currently testing a mobile payment application (7). McDonalds is hoping to capitalize on this new market as they develop this technology to ignite growth at a time when many Americans are eating out less (7). McDonalds vies to be successful by using a place strategy of adaptation and innovation, coming up with fresh products and services to address the needs of a diverse consumer market?as shaped by demographic, economic and local factors around the world (7). Promotion Strategy The corporate strategy for McDonalds for promotions is summed up in one word: saturation. McDonalds again utilizes a push strategy by using a variety of mediums for promotions: logos, billboards, mascots, packaging, and mass media. Mascots are used to promote good will for the company and their appearance also cause an the restaurants have begun promoting healthy menu items. This was likely sparked by the government requirements that restaurants such as McDonalds make public the nutritional facts of their food (4). Turning this into a positive, they have added healthy items to the menu and emphasized them both in an effort to appeal to a new market segment. This also downplays the less than positive nutritional facts of many of their traditional menu offerings (4). On a functional level, this promotion strategy functions through the use of temporary menu items, such as the Mighty Wings, which will be available only during football season (10). This expands upon the partnership between the NFG and McDonalds by using the NFG to promote the Mighty Wings (10). The traditional McDonalds customers eating habits may have changed, but the menu has also changed to accommodate them. This is marketing that evolves in relation to the changing needs of loyal customers (4). This adaptability combined with using traditional print media, characters, and product placement, allows McDonalds to implement its saturation promotion strategy. Threats One of the threats to McDonalds growth in the future is the creation and growth of fast food workers unions, which call for increases in benefits and minimum wage. If these demands are met, the company may have to reduce its staff to accommodate the larger wages (11). The Service Employees International Union in 2013 has helped establish a new union in at least six cities where the union and community advocacy groups have been organizing fast-food strikes (11). McDonalds will also have to continue to implement strategies within product, price, place, and promotion in response to the challenges brought by its competitors in the fast food market. Opportunities Opportunities for McDonalds in the future include: the continued expansion of the companys current product line, such as the Mighty Wings, to attract customers and the continued expansion of the popular dollar menu to compete with the offerings from other chains (6). Also, the expansion into new markets such as China and mobile applications should allow for continued growth. Responding to criticism and the publics increasing desire for healthier items by continuing to develop healthy versions of popular menu items, such the Egg White Delight McMullen. Another opportunity is the continuation of efforts to capitalize on promotions that have been successful for competitors, such as offering coupons to consumers to entice them to try new menu items. Prognosis The overall fiscal health of McDonalds over the past 1 5 years has followed a fairly insistent trend with revenue continuing to rise each year. The exception was from 2008 to 2009, where overall revenue decreased by 1. 7 percent (12). From 2009 to 2012, revenue has again continued to increase each year (13). Stock prices from the NYSE have followed the same trend of increasing during this period, from 64. 75 in 2009 to 102. 22 in 2012 (13). McDonalds also occupies the status as the largest single major player in terms of market share among fast food companies as outlined below (12). The overall trend that can be expected that using and expanding upon its product, annual revenue and stock prices over the next five years. Conclusion McDonalds will have to find a solution to the problem raised by fast food workers unions and strikes, but this may not be detrimental to growth. The company says it has not felt an impact from the strikes (11). With the high turnover rates of this type of employee, many have concluded that these unions will not be successful (11). The three-fold approach of McDonalds to product strategy ensures that there something familiar, provides avenues for new experiences, and creates room for local products. The price strategy focus on low price/high volume emphasizes both effective pricing and perceived value. A combination of adaptation and innovation, the push place strategy focuses on opening new franchises in the U. S. And abroad. By entering emerging markets and creating new technology, McDonalds can continue to expand. McDonalds saturation approach in its promotion strategy allows the company to remain both visible and able to respond to changing consumer tastes. If McDonalds continues to implement and expand upon its current corporate strategies then continued growth of revenue and market share can be expected.

Business inteligence Essay Example | Topics and Well Written Essays - 2000 words

Business inteligence - Essay Example The main issues covered by each of these websites include, education, investment opportunities, visitations and tours, live work and an events study. Additionally, the company runs a number of other websites on the very categories but in different other languages among which are Arabic, French, and Spanish. This is due to the fact that the target market for Cardiff is international and hence there is need to customize the websites to suit the target markets. In order to ensure that the websites are of value to the clients, some of the categories considered include: Education Education is a two-pronged economical scope. The Cardiff city hopes to become an academic center within the region. To achieve this, the envisioned city must work strategies capable of beating other modern day academic centers such as Liverpool and London. The city must therefore have schools running and education centers from kindergarten to the university. Theses academic institutions will need accreditation by government authorities to check that they meet the standards of quality (Bogomolova, 2011). The validity of the courses offered Cardiff city must be ascertained. Hence, it will be critical to have an independent body to ensure that the high quality academic standards are maintained and that educational standards are not compromised in any way. The website runs the opportunities that the education sector presents to potential investors. The most common investment opportunity in the academic sector is the setting up and management of private academic institutions. To this, the website target of the currently existing universities, such as Oxford and Liverpool among others, is to invest in the establishment of new campuses within the city. The website offers basic contact information on how interested parties conduct the transactions of obtaining land and other resources necessary for such developments. The company welcomes both local and foreign investors, thus the translation into d ifferent other languages. Additionally, the website targets potential students. The education sector primarily depends on the availability of students. Attracting students in the region becomes difficult since children school in regions habited by their parents. The company thus runs a number of other websites advertising other diverse investment opportunities with an aim of attracting as much residents into the city. This way, the basic level academic institutions are certain of pupils (Jiaming, 2008). Tertiary and university level are not much perturbed by the locality of parents. This is thus a level opportunity and depends on the advertisement potential of the company and the reputation of the subsequent universities that will eventually set up in the region. To ensure that the students of higher learning institutions are comfortable, the websites advertise the various recreational facilities that are available. These include parks, night clubs and other outdoor activities. On t op of this, related websites showcase the opportunities available for part time work to suit students who need to make extra income. It is vital to note that the city targets established academic institutions due to their credibility. Most international students recognize institutions that are globally known hence it would be easy to attract them to Cardiff

The Trail of Tears Term Paper Example | Topics and Well Written Essays - 2500 words

The Trail of Tears - Term Paper Example Between 1814 and 1824, Andrew Jackson became useful in negotiating 9 out of 11 treaties whose intentions were to divest Five Civilized Tribes, Chickasaw, Choctaw, Cherokee, Seminole and Creeks, of their eastern lands in exchange for free lands in the west. As a result of these treaties, the US was able to control three quarters of Florida and Alabama as well as parts of North Carolina, Mississippi, Kentucky, Georgia and Tennessee. This was a period characterised by voluntary Indian migration. However, only a small percentage of Cherokee, Choctaws and Creeks moved to the new lands . Around the same time, that is, during the 1820s, there was the creation of the Indian Territory which is the current-day Oklahoma. This marked the genesis of the reservation system for aboriginal Americans. In 1827, the Cherokee adopted their own written constitution declaring themselves to be an independent, sovereign nation and the Congress felt threatened by this. In 1828, there were three major things that contributed toward the creation of the Indian Removal Act. First, Andrew Jackson was elected to become the president of the US. In his campaigns, Jackson had made promises one of which was to â€Å"free land† later to be given to white settlers. The land specifically was to be in the southern frontier states. His appeal was primarily directed to settlers of Georgia. At that time, the Cherokee Indians occupied a total of 35,000 acres in Georgia. The second contributing even in 1828 was that the Georgian legislature passed a legislation incorporating or annexing all Cherokee country within the borders of the state. The state legislature also abolished all existing Cherokee customs and laws, and commissioned surveyors to map out 160-acre land lots out of Cherokee land. These lots were to be distributed through public lotteries to white citizens residing in Georgia2. The third contributing event was the discovery of gold near Dahlonega. This was a region located in northern Georgia and it was in the middle of the Cherokee territory. This led to tensions between the residents of Georgia and the Cherokees. President Jackson used this tension to pressure the Cherokee community to sign a removal treaty34. Jackson had no desire to protect the Cherokees using the powers vested in the national government5. In his First Annual Message to the Congress in 1829, Jackson called for the displacement of the Indian community from their nativ e lands. The same year, John Ross, who was the leader of the Cherokee, travelled to Washington D.C. in order to protest against the actions of the Georgian legislature, and plead for justice for the Cherokee community. While in Washington, Ross found sympathizers among the members of the Congress but unfortunately, most of them were anti-Jackson. Ross

A Critical Discussion on the Issue of Gay Marriage Essay

A Critical Discussion on the Issue of Gay Marriage - Essay Example For the purpose of arguments, the term traditional marriage will represent a marriage between consenting adults of opposite genders, and the term gay marriage will relate to male/male, female/female as well as transgender marriage. One could argue that the majority of arguments against gay marriage are moralistic in nature. The first such example is those gay relationships and by extension gay marriage are forbidden by most religious texts. By contrast, traditional marriages are held up as the preferred model using religious texts. According to Eckholm (2011), it was identified that homosexuality in regards to the Christian faith was not in accordance with God's law on sexual morality. Some people who oppose gay marriage would do so because they differentiate between religious and civil unions. As such, some people only recognize religious unions and in specific terms oppose the idea of the state overseeing and approving marriages. As gay relationships are forbidden in religious text s then gay marriage would represent a sort of sacrilege and people who adhere to a religious lifestyle may oppose gay marriages for this reason. ... From this perspective, it could also be argued that gay marriages represent a sort of slippery slope that will ultimately lead to the destruction of traditional marriages and by extension the collapse of 'traditional' society. The reasoning behind this argument is that in the eyes of some people who oppose gay marriage, the very institution of traditional marriage is for couples to raise children in a wholesome family-oriented environment, and these children go on to live productive lives and raise children of their own (Presumably also in a wholesome family environment). As is the case that gay couples cannot conceive children on their own, then gay marriage will be built on a foundation that is not considered traditional. As such some people who oppose gay marriage would do so as a means of preserving traditional societal norms.  

Different users of financial statements have different informational needs

Different users of financial statements have different informational needs Financial statements form the backbone of communicating the information about the company to the members within and outside the organization. According to International Accounting Standards (IAS 1.9) The objective of general purpose financial statements is to provide information about the financial position, financial performance, and cash flows of an entity that is useful to a wide range of users in making economic decisions. (Deloitte Global Services Limited, 2010).Owing to the wide variety of users of this information and that of the structure of business entities, there are different types of financial statements. Users refer to them from time to time in order to make correct economic decisions. Depending upon the type of information provided by them, financial statements are categorized in 4 types viz. balance sheets, income statement, statement of cash flow and the statement of equity. A Balance Sheet gives the financial position of the entity by considering its assets, liabilities and equity at a given time. It follows the accounting equation where assets equal capital plus liabilities. An Income Statement, also known as the Profit Loss account of an entity, reports the income, expenses and profits of the entity over a period of time. Statement of Cash flow reports the changes in cash position. It informs about the operating activities like money received from customers or paid to suppliers, investment activities that include acquiring or selling different long-term assets that are not considered to be cash, interests or dividends that are paid or received or financial activities which change the capital of an entity. (Deloitte Global Services Limited, 2010).The Statemen t of Equity gives information about the total comprehensive income of the entity over a period while separately stating the amount attributable to the owner (Wheetman P, 2006). For large organizations, such statements are quite complex and it may be necessary to provide notes that explain the items on the financial statement. They also provide information about the basis on which financial statements are prepared and any other information that may be relevant but cannot be stated in the financial statements directly. Such notes form an integral part of the statement. According to the International Financial Reporting Standards (IFRS) Financial reports are prepared for users who have a reasonable knowledge of business and economic activities and who review and analyse the information with diligence.(Deloitte Global Services Limited, 2010).Depending upon their role in the organization, different type of information is used by different users. The users of financial statements include a wide range of people including owners, investors, creditors, management, employees, vendors, public as well as institutions like banks, government organizations etc. They can be briefly classified into two categories namely the Internal Users and External Users. The employees along with the managers and the owners form the Internal User group. Owners use financial statements to access the performance, efficiency of the management, also to measure the performance of the business entity. Management, being directly related with the day to day working of the business ent ity, enjoys unrestricted access to the wide range of information (much of which is confidential in nature). It is then utilised by managers to make analysis, judgements and decisions pertaining to their responsibilities. It makes proper utilization of resources in order to meet the objectives of the entity. A separate form of accounting called Management Accounting has come into existence due to broad nature of this group of users and the high quality of information that is available to them. Employees form the other part of this group. They use the information from financial statements to determine their job security. It is also helpful in analysing the ability of their employers to provide remunerations, pay rise, pension funds and retirement benefits etc to the employees. This information is sometimes provided in form of special reports to employees as the annual reports are published late. However such information provided may be verified by the employees using the financial sta tements. The External Users of financial statements consist of investors, trade creditors, Government, financial institutions like Banks, customers etc. The financial statements are used by the existing investors to access the financial strength of the company, its economic stability, to make decisions whether to buy, sell or hold the stock depending upon the ability of the entity to pay dividends in future, to compare the performance of the entity over a period of time or with other entities in order to make investment decisions etc. It also helps investors to determine the risk factor and the investment returns over a particular period and compare the same with other entities. Institutional investors, for e.g. Insurance companies, pension funds or equity analysts that guide private investors make use of this information to ascertain the liquidity of the business and its ability to pay future dividends. Prospective investors may use the information to make valuable economic investment decisi ons. Financial institutions like Banks make use cash flow statements to determine whether to help them with working capital by issuing loans or if their loans would be paid along with the interest. Financial lenders use this information to determine the economic vulnerability of the business and its results. They may impose restrictions to limit overall borrowing limits called loan covenants. These are then verified through financial statements. Trade creditors provide services or goods on credit. They are called as unsecured creditors as they come last in the payments in case of failure of the business. They therefore make use of the information to ensure the repayment of services and calculate the non-payment risks. Government makes use of the financial statements to keep a tab on the taxes paid by the business entity and make sure that they are in accordance with the profits earned. They have a right to demand more information than that which appears in public statements. Other governm ent agencies also use accounting information to ascertain that the consumers are charged properly by organizations for their services.eg: OFGEM (the Office of Gas and Electricity Markets).Customers need information about the current and future supply of goods and services. Financial statements in form of fixed assets, working capital confirm the ability of the business to meet the current and future obligations like guarantees or warrantees. (Weetman P, 2006). Accounting statements provide financial information for the user which is to be used for decision making. International Financial Reporting Standards (IFRS) Framework identifies comparability, verifiability, timeliness and understandability as the qualitative characteristics that enhance the usefulness of information provided in the financial statements. (Deloitte Global Services Limited, 2010). According to this Framework general purpose financial statements are prepared which can help all users. However it is evident that different users require different kind of information to make decisions. Also the general financial statements and reports are prepared keeping in focus the interests of the owners or investors. Moreover management tends to modify the information keeping in mind the behaviour of the investors. This often results in the entity being over or under-priced and thus information loses its reliability and trustworthiness. To increase the decision useful financial information, the International Accounting Standards Board and the US Financial Accounting Standards Board (hereafter the Boards) are undertaking a joint project to develop a common conceptual framework with new and revised accounting standards that both the boards can use. The Boards have proposed to reconfigure the financial statements by partitioning each financial statement in five categories viz. business activities, financing activities, income taxes, discontinued operations, and equity. The allocations of these transactions would be done by management. They propose that the objective of financial reporting should be on decision useful information. The management approach would then subsume stewardship. The allocation of the transaction within the above stated partitions would be based on the assessment of the management. There is no doubt that objective of segregating the financial statement would help the investors and creditors in jud gements and decision making. (Bradshaw, M., Callahan, C. et al June 2010).However the objective of a financial statement should not be merely influencing the buying, selling and holding companys securities. The role of stewardship also has to be considered as it informs about the financial positions of the past and the current dates. It would not only keep the performance of management under vigil but the past records would also help in identifying the similar re-occurrences of such circumstances. Also importance is given to management approach whereas the very same managers are believed to report biased accruals. (Bradshaw, M., Callahan, C. et al June 2010). Hence financial reporting should not only be done with the management approach but also keeping in mind the importance of the objective of stewardship. Also guidance is to be specified about the level of details to be given in financial statements which would unlikely be provided by the managers. The framework and standards should be based to provide unbiased, faithful information to the users in order to make cost-effective economic decisions. REFERENCES Bradshaw, M., Callahan, C. et al (June 2010). The American Accounting Associations Financial Reporting Policy Committees Response to the Preliminary Views on Financial Statement Presentation. Accounting Horizons. 24 (2), pp 279-296. Business Source Premier. Available at http://search.ebscohost.com/login.aspx?direct=truedb=buhAN=51362791site=bsi-live (Accessed: 11 November 2010). Deloitte Global Services Limited. (2010). Summaries of International Financial Reporting Standards. CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING Available: http://www.iasplus.com/standard/framewk.htm. (Accessed: 11 November 2010). Deloitte Global Services Limited. (2010). Summaries of International Financial Reporting Standards.IAS 7 STATEMENT OF CASH FLOWS. Available at http://www.iasplus.com/standard/ias07.htm. (Accessed: 14 November, 2010). Weetman, P (2006). Financial and Management Accounting-An Introduction. 4th ed. Harlow: Prentice Hall. 12-16.

Personal Narrative: Cheerleading :: essays research papers

Cheerleading A jolt of energy rushed through my body and hit my heart when they call me up to get the team trophy. Not fourth, third, or second, but first place for the third year in a row. Being a captain of a team is an amazing experience. You get to see your team physically, mentally, and emotionally prepare for competition. It's a lot of hard work, but if you try your hardest, make all the practices and have a passion for cheerleading its worth it. Every year we take a few weeks to build a competition routine, the out come is incredible, but the celebration is the best part. Preparing for competition is easier said than done, you need a passion to complete the task. Competition is extremely stressful, but amazing at the same time. It?s a process of mixed emotions, not knowing if it?s importance will have a meaning in the end. Having practice six times a week allows us to work on our jumps, cheers, dances, tumbling, and the most difficult, stunting. Just the counts and lifting people in the air is traumatic enough, but repeating it over and over again it gets strenuous. Dancing is relaxing when you have counts to them, but when you have to learn the dance to the music people get confused and don?t know when to leave to the next formation. Team members start getting fed up with each other at the closing stages of practice, it?s just a natural human reaction after practicing with the same fifteen to twenty girls for three hours. At last we had brought all our practicing skills into work at the final stages. After working hard for three solid months it all paid off, the competing mat was beneath our feet. It was as if I could almost hear the girl?s hearts thumping before we walked onto the mat. I couldn?t stop smiling, I had the biggest grin on my face as if I were the cat who just ate the canary. Only when I thought that was enough, my facial expressions were amazing, all the nights I spent in front of the mirror or watching my self through the reflection of the glass door in my kitchen. It?s hard to go first because watching all the other teams compete makes you think, how did I do?