Information that Long Term Solvency Ratios - myassignmenthelp.com

Question: Write about theInformation that Long Term Solvency Ratios. Answer: Information that long term solvency ratios provides about the firm Long term solvency ratios help in evaluating the capital structure of the company as it shows proportion of each capital that is used by the management to finance the required assets. The ratios calculated in the long term solvency analysis help to provide the information on company ability to pay the interest on the borrowed capital and how much part of capital is covered with the cash. The main ratios that are calculated in the long term solvency analysis are total debt ratio, debt equity ratio, equity multiplier, long term debt ratio, time interest earned and cash coverage ratio (Moles and Kidwekk, 2011). In this report long term solvency analysis will be performed on the Company Walt Disney and its financial performance is been compared with industry average in order to make recommendation to the management if the Walt Disney. In addition to this trend analysis will also be performed in order to know the impact of each ratio over the years. The below tables shows each of the ratios computed for long term analysis and trend analysis of each ratio: Long term Solvency Ratios Walt Disney Industry Average Formula % Increase or Decrease Years 2015 2016 2017 2015-2016 2016-2017 Total Debt ratio Total Debt /Total Assets 0.495 0.53 0.58 7.07% 9.43% 0.69 Debt Equity ratio Debt /Equity 0.98 1.13 1.32 15.31% 16.81% 2.64 Equity Multiplier Total Assets /Total Equity 1.98 2.13 2.32 7.58% 8.92% 3.64 Long Term Debt ratio Long term debts /Total Assets 0.22 0.28 0.31 27.27% 10.71% 0.56 Time Interest earned EBIT/Interest 49.7 40.12 27.4 -19.28% -31.70% 11.23 Cash Coverage ratio (Earnings Before Interest and Taxes + Non-Cash Expenses)Interest Expense 58.58 47.26 35.8 -19.32% -24.25% 13.94 Total Debt Ratio: The ratio helps in assessing the leverage position of a company by providing an estimate of the total debt in comparison to the total assets. As this ratio shows total amount of debt that company owns in relation to total assets so if it increase year by year that it means company has taken more bank loans that has increased the amount of total debt. As it can be clearly seen form the above table that total debt ratio has been increasing from year 2015 to 2016 by 7.07% and from year 2016 to 2017 by 9.43%. The greater proportion of debt as compared to total assets shows poor capital structure of the company. The industry average is no doubt more that the company total debt ratio but management must look after to reduce the debt proportion in future years (Brealey, Myers and Marcus, 2007). Debt-Equity Ratio: It is a financial ratio used for proving an estimate of the equity and debt used by a company for financing its assets. The main purpose of this ratio is to find out debt and equity capital proportion at the end of particular year. As debt reflects the leverage capital and bears the charge on company profits that it must be reduced as much as possible. It has been found that there has been more that 15% increase in debt equity ratio in year 2016 and 2017 as compared with their respective previous years. So both debt equity ratio and total debt clearly indicates that capital structure of Walt Disney is not sound and there need to take necessary steps by the management (Arnold, 2013). Equity Multiplier Ratio: This ratio indicates the amount of fixed assets that has been financed by the equity capital. If this ratio got increases on year to year basis that it reflects that there has been increase in equity capital for financing the assets of the company. Looking at the above table it can be find that equity multiplier has been increased in both 2016 and 2017 that shows minor increase in equity capital for financing the assets of the company. The equity multiplier of industry is 3.64 times which is almost one times more than the company equity multiplier in year 2017 that indicates poor utilization if equity for financing the assets of the company (Ross, Jaffe and Kakani, 2008). Long-term debt ratio: It provides a measure of the percentage of the assets of a company financed with loans or other long-term financial obligations. The above table clearly shows that Walt Disney has taken the bank loan or any long term debt in year 2016 that has raised the long term debt by 27.27% in year 2016. The industry average is just double the financial leverage ratio of Walt Disney that shows company has adequate capital structure but regular rise in debt without paying them is not for the company in future years. Time-Interest earned: It provides a measure of the ability of a company to meet its debt obligations. This ratio is constantly decreasing as seen from the above table that means the income or profits available to paid the interested fees on debt capital has been regularly decreasing due to increase in interest payment amount (Brigham and Michael, 2013). Cash-Coverage ratio: It is used for determining the amount of cash available within company to meet the interest expenses on its debt. It seems that cash availability to finance or to pay the interest fees has been constantly decreasing. It reflects that there can be shortage of cash in future years if company will raise its debt capital in rapid speed without paying them. The company ratio is greater than industry average that shows positive financial structure of the company (Bromwich and Bhimani, 2005). References Arnold, G.Corporate financial management. Pearson Higher Ed. 2013. Print. Brealey, R., Myers, S.C. and Marcus, A.J. FundamentalsofCorporate Finance. Mc Graw Hill, New York. 2007. Print. Brigham, F., and Michael C. Financial management: Theory practice. Cengage Learning. 2013. Print. Bromwich, M. and Bhimani, A. Management accounting: Pathways to progress. Cima publishing. 2005. Print. Moles, P. and Kidwekk, D. Corporate finance. John Wiley sons. 2011. Print. Ross, A., Jaffe, J. and Kakani, R.K. Corporate Finance. Pearson. 2008. Print.

Namaz Kit free essay sample

Namaz has been made compulsory for Muslims 5 times daily the five times  . Some things which are considered necessary before performing Namaz and also become the cultural norm of Pakistan are jaye namaz (prayer mat), tashbeeh, hijab, topi (prayer cap). Hijab and prayer cap are essential or religious obligation for namaz but prayer mat and tashbeeh are cultural norms of Pakistan. Here we will be discussing all of them in aspect of Pakistan: Jaye namaz The place of prayer is required to be free from dirt, as Muslims prostrate themselves during prayer with their hands, Knees, toes, forehead and nose coming into contact with the ground. To ensure this cleanliness Muslims use a small prayer mat for prayer. Structure/style: A prayer rug is characterized by a niche at one end, representing the place in every mosque, which directs or points the worshipper towards Mecca. The prayer mat is traditionally woven with a rectangular design, made asymmetrical by the niche at the head end. We will write a custom essay sample on Namaz Kit or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Within the rectangle one usually finds images of Islamic symbols and architecture. Decorations not only are important but also have a deep sense of value in the design of the prayer rug. When praying, the niche at the top of the mat must be pointed to the Islamic center for prayer, Mecca. In most tribal and village weavings the Jaye namaz is more angular in nature while the formal or city Jaye namaz can be very ornate and flowing in design. In the last 100 years is has become more common to see larger size Jaye namaz woven using the directional prayer rug motifs. Many jaye namaz also show one or more  mosque lamps, a reference to the Verse  in the  Qur’an. Specific  mosques  are sometimes shown; some of the most popular examples include the mosques in Mecca,  Medina, and especially  Jerusalem. Decorations not only play a role in imagery but serve the worshipper as aids to memory. Some of the examples include a comb and pitcher, which is a reminder for Muslims to wash their hands and for men to comb their hair before performing prayer. Another important use for decorations is to aid newly-converted Muslims by stitching decorative hands on the prayer mat where the hands should be placed when performing prayer. The size of jaye namaz are varying but the one mentioned a lot is: â€Å"  Typical prayer rug sizes are approximately 2. 5  ft ? 4  ft (0. 76  m ? 1. 2  m) 4  ft ? 6  ft (1. 2  m ? 1. 8  m). Purpose:-Although prayer mats to kneel on are not compulsory they are way of making sure you are kneeling on a clean space. Any mat will do but mats in Pakistan have geometrical design or pictures of famous mosques. They never have design including living things or representation of God, angels or the prophets. When not in use they are folded up and put away. Th ey not used for walking on as fireside rugs or general room decoration. Types of prayer mats by texture: Leather and wood: Despite from stone leather and wooden pieces are also used for prayer purpose in pakistan minorly. They are also shaped like stone. Leather is sometimes colored or preserved with vegetable oil. Wooden blocks are used for prayer and kept upright to wall after offering prayer. Wooden blocks are also colored. Stone: At the beginning when people didn’t find cloth or any other stuff to ensure cleanliness of their place they fixed a solid stone in the corner of the home. The stone is often 1. 5 meter long and rectangular in shape. Sometimes the front end of the stone crushed to make a pointed end. The stone may be plain or have devotional phrases impressed in its surface or the plain surface stone is discovered or made from big rocks. People cover them either with leaves or anything available to make sure cleanliness. â€Å"These plaques are periodically washed by their owners and, due to their propensity to dissolve, may be reconstituted by them. † If the stone is not solid it can be destructed with time so people usually discover solid stone or rebuild it after some time. Chitai: In pakistan there is trend of offering prayer with in group called jammat behind the imam. chitai or mat rolls are laid on the ground and Muslim stand side by side to offer prayer. These mat rolls are made from grass, date leaves or now a days plastic. Mat rolls are long carpets of rectangular shape with mihrab printed on them. These mihrabs are individually like prayer mat or the jaye namaz but collectively they form a chitai. Some chitai are also made for individual purpose. Wooden beds: Small wooden beds are made for namaz offering purpose. These are same like normal beds. The Prayer stand on the backend of the bed facing back of bed. In Islam when Muslim is offering prayer if somebody passes in front of him his namaz will be considered makruh so small hurdles are placed in front of namazi. To compete this problem these wooden beds were introduced because namazi will be facing the back of the bed and any one can pass easily in front of namazi and no extra hurdle need to be placed. Carpet stuff: Now a day’s most common used for jaye namaz purpose is carpet stuff. Weavers make prayer mats from wool, camel fur, goat hair and silk. They wash and dye the materials, then them for six weeks before weaving. They choose materials for their strength and durability; many prayer mats last several generations. Weavers dye the wool with vegetable pigments from recipes handed down from generation to generation. Weavers decorate prayer mats with geometric designs and small stylized flowers and plants because Islam forbids any idolization. Detailed geometric borders with plain centers are featured in plain prayer mat designs, but many are far more lavish. They feature stylized flower motifs and geometric patterns in borders and forming the mihrab. The mihrab is the place where the Muslim places his head when he is kneeling in prayer. It represents the doorway of the revered sacred mosque in Mecca. Tribes and villagers often make mats famous for their floral designs, and many old prayer mats are valuable collectors items. Hijab If we look at the meaning of the word Hijab in the dictionary we learn that the word means veil, screen, covering or curtain. Hijab literally means â€Å"screen†, â€Å"curtain†, â€Å"partition† and â€Å"concealment. † In the verb form, it means â€Å"to conceal oneself† or â€Å"hide from the view. † In the Shari‘a, it means to cover, conceal or hide oneself from view of those men with whom marriage is or may become permissible. Hijab for both men and women: The Hadith also includes rules for dressing. Both men and women are directed to cover themselves when they are in public areas. For men, following hijab means that the body should be covered at a minimum from the navel to the knees in loose, opaque clothing. Some interpretations of the Hadith suggest that the covering should be longer, from the navel to the ankles. All agree that the modest covering should be worn at all times, including prayer. Types of Hijab: Some Muslims interpret hijab as a minimal covering of the face and body, while others believe that hijab requires a complete securement of the entire body in opaque garments. More strict interpretations of hijab include an understanding that the face should be covered as well. Square scarf: The most commonly worn is a square scarf that covers the head and neck but leaves the face clear. Al-Amira: The al-amira is a two piece veil. It consists of a close fitting cap and an accompanying scarf. Shayla: The shayla is a long, rectangular scarf. It is wrapped around the head and tucked or pinned in place. Khimar: The Khimar is a cap-like veil that hangs down to just down the waist. It covers the hairs, neck and shoulders completely, but leaves the face clear. Chador: The chador is a full body cloak. It is often accompanied by a smaller headscarf underneath. Chador is mostly viewed in rural areas of balochistan and Punjab. Nikab: The Nikab is a veil for the face that leaves the area around the eyes clear. It is the most common type of hijab practiced in Pakistan. Burqa: The Burqa is the most concealing of all Islamic veils. It covers entire face and the body. Burqa is practiced mostly in kpk. Tasbeeh Tasbeeh? in its literary meaning is Glorification?. The Holy Qur? aan says, â€Å"Whatever is in the heavens and the earth glorifies Allah S. W. T. † I would like to share some knowledge in regard to realities of Tasbeeh. In order to understand the origins, significance, and importance of Tasbeeh e Fatima (S. A). Tasbeeh  ( ) is a form of  dhikr  that involves the repetitive utterances of short sentences glorifying  God, in  Islam. To keep track of counting either the  phalanges  of the right hand or a  misbaha  is used. The tasbih is similar to the  prayer rope  of the  Eastern Church  and the  rosary  in the  Roman Catholic Church. It is stated that one who recites this Tasbeeh after Namaaz gets the Sawaab of one thousand Rak? at. Imaam Ja? afer Saadiq A. S. aid that whoever is punctual in reciting this Tasbeeh shall never become one amongst the unfortunates. Tasbeeh is taken as reciting God’s name on beads. It’s also called Tasbeeh Fatima(Ra), since there is a hadees that he advised her so. People normally use a 100 bead Tasbeeh, but some use a 1000 one. Some do on millions of seeds or grain. They keep uttering some Arabic words without knowing the mean ing, lips moving and fingers on beads and think it is a great obedience. It’s not only Muslims, other religions also have adopted this practice, or vice versa. . But Tasbeeh means to perform as ordered or to obey God. Everything, living or material is doing tasbeeh, means doing their assigned jobs. â€Å"Tasbeeh  of Allah ( ? )  is to declare His perfection and to glorify Him  by removing any fault, deficiency, weakness or similarity to creation  from Him. † â€Å"Whatever is in the heavens and earth exalts Allah , and He is the Exalted in Might, the Wise. † [Al-Quran-Surat Al-Hadid  (The Iron):01]  Ã¢â‚¬ . Structure and Style: Tasbih are most commonly made of various stones or wooden  bead, but also of olive seeds, ivory, amber, pearls or plastic. Stone beads (mineral and animal based) are made of; carnelian, amber, tortoiseshell, glass, meerschaum, ivory, pearl, coral, coconut, pebble, mother of-pearl, jade, rhino horn, etc. whereas wooden beads are made of; ebony, agalloch, rosewood, olive wood, etc. Besides 99 beads, tasbih also consists of: the nisane, a disc which separates each 33 beads, the pul, a small bead that marks the seventh position, the tassel, which is a long piece marking the beginning of the string, and the tepelik at the top of the tassel. In 33 bead tasbih, nisane separates 11 beads and there is no pul. . Method of Tasbeeh: Two methods of keeping count of Tasbeeh are generally employed. They are: 1) Tasbeeh or Rosary 2) Joints of the fingers Canonical form Tasbih of Fatima: 1. SubhanAllah  ( ) (Glory be to  Allah) – repeated 33 times. 2. Alhamdulillah  ( ) (Praise be to  Allah) – repeated 33 times. 3. Allahuakbar  ( ) (Allah  is the Greatest) – repeated 34 times. 4. †Å"Laa Ilaaha Illallaah† once. †. Benefits of Tasbih: There are many benefits of a taseeh, if one seriously recites it, it will give incredible outcomes both in this world and the hereafter. Some of the advantages of tasbeeh e Fatima includes increase in sustenance, deliverance from misfortunes, forgiveness of one’s sins, one becomes worthy of paradise, protection from tragedies and one receives gift from the angels. One should recite this tasbeeh after every prayer and before going to sleep. One can also recite a tasbeeh of astaghfirullah to seek forgiveness from the Lord. It is highly recommended to recite the tasbeeh of seeking forgiveness from Allah. Some common ways of remembering Allah after prayers is also highly recommended. Authentic Hades states that one who is regular reciter of this tasbeeh shall be considered the one who has remembered Allah S. W. T. the most. Imam Muhammad Baqir A. S. said that Whoever recites this Tasbeeh and at the end beseeches Allah S. W. T. for forgiveness he shall be surely forgiven. Numerically there are only one hundred holy words but in the scale of Deeds it will be considered to be one thousand. This Tasbeeh-e-Fatima Zahra S. A. keeps Shaytaan away from us and makes our Creator to be pleased with us. Imaam Ja? afer Saadiq A. S. aid that whoever recites this Tasbeeh after Wajib Namaaz his/her sins shall be forgiven even Before he/she steps out of the place of prayers and shall be rewarded Jannat. He also said it to be better than a thousand Rak at prayers. Namaz is like a beautiful flower while Tasbeeh-e-Fatima S. A. is a fragrance to that flower†. Critical Analysis Is namaz kit necessary for Namaz? Not necessarily jaye namaz and tashbeeh â€Å"The Prophet Muhammad (pbuh) said in hadith that all place of prayer for him and his people may pray anywhere they find themselves at times of prayer†. Prayer rugs are not universally used by Muslims, nor specifically required in Islam. But they have become a traditional way for many Pakistanis to ensure the cleanliness of their place of prayer, and to create an isolated space to concentrate in prayer. Same for tashbeeh which is also not necessary for performing namaz but become a traditional part of Pakistani culture to perform tashbeeh. Apart from jaye namaz and tashbeeh hijab is necessary obligation to perform because namaz and here we are taking hijab for covering face and all body except hand, feet and face. It is also necessary to fold jaye namaz in proper manner that the head side of jaye namaz never come on foot side if it do it is considered a disrespectful thing, Many muftis are saying don’t read namaz on the jaye namaz with khana kabha or masjid print on it, better hang that on wall as decoration and read namaz on plain jay e namaz, because years gone people read namaz on the jay e namaz got khana kabha on it so it’s difficult to tell all the only way is if they don’t print them, they can make and sell wall hanging more wide and the jaye namaz simple. The reason the Ulema have said you shouldnt pray on a jay namaz with a masjid on it is on the basis of respect. You can read on it however you must make sure that your feet don’t be placed on top of the masjid otherwise you will get gunnah. same case is with tashbeeh and hijab don’t make tashbeeh and hijab with printed scared palces because can often break and beads of it may roll in our feet and we will earn gunnah. Hijab also have restriction because the girl wearing hijab may torn,lose or wear that printed hijab in uncleanliness time. There has been much debate over hijab in the Muslim and non-Muslim world. Some critics feel that hijab is very restrictive for women, while some Muslim women say they actually feel more comfortable in hijab. Does Islamic dress imply that women are submissive or inferior to men? Modest clothing is worn in obedience to our Creator and has nothing to do with submission to men. Hijab is actually the purity of human being and the soul as well. In Quran, Allah says: â€Å" And when you ask them( the Prophet’s wives) for anything you want, ask them from behind a screen, that is purer for your hearts and their hearts. † Quran (33:53) Hijab is reffered as a shield according to one hadith. The Prophet (S. A. W. W. ) says: â€Å" Allah , most high, He loves Haya and sittr†(Abu Dawod, An-Nissaee) At another time, The Prophet (S. A. W. W. ) says: Each religion has morality and the morality of islam is Haya† (Imam Maalik) Some women argue that modesty is a state of mind and has nothing to do with clothing. When talking about modesty we should talk about the purpose of clothing. Modesty is also humility. A modest woman is a humble woman and in a way our clothes should reflect that. When I want respect I act like I deserve that respect and I dress like it too. Dressing for pleasure of Almighty Allah. What is written in the Qur’an and in hadiths cannot be deniedthat Muslim women must cover up. Woman, as taught by Islam since the light of Prophethood, is a precious and most valuable treasure of this world. She is to be protected, honoured and valued. Like a precious stone, her beauty should be respected, hidden in security and safety so as not to be abused by unworthy eyes. Hijab is empowerment for the Muslim woman. It is her right to preserve her modesty, to guard herself from the corruption of society. The veil or Hijab is that distinctive symbol which identifies her as a woman of God; humble, modest.. When discussing Hijab, the question often arises; why is emphasis for covering up placed upon the women instead of the men? Firstly, it should be noted that men definitely have a degree of Hijab to observe. In addition to modest clothing and following the ways of the noble Sunnah, men must also lower their gaze and protect themselves from their desires in regards to women. This is commanded upon them in the Qur’anic verse: â€Å"Say to the believing men that they should lower their gaze and guard their modesty: that will make for greater purity for them. And Allah is well acquainted with all that they do. [Qur’an 24:30] The first glance is allowed however the second glance is not. This means that a man may look once but he should then turn away: The Beloved Messenger of Allah said to his cousin Sayyidina Ali,â€Å"O Ali, do not follow a glance with another, for you will be forgiven for the first, but not for the second. †[Tirmidhi, Hadith no. 2701] Men must lowe r their gaze and avoid looking at women at all times, except for sound and legitimate purposes, namely testimony, medical treatment, proposing marriage, buying a slave girl, buying and selling, etc. In these cases it is permitted to look only as much as is necessary and no more. And Allah knows best. Y tashbeeh is important to held person can recite tashbeeh without tashbeeh? The most obvious reason is remembrance. When person are sitting alone or in gathering they kept on randomly thinking or gossiping respectively but if they are holding a tashbeeh they might use it in a productive way. Conclusion People of Pakistan respect namaz kit as sacred thing an place them on clean or high place. They are not just considered to perform their primary obligation instead they are considered itself as a part of the obligation which is not necessary. They also wash them carefully and separately. It is disrespectful for one to place a namaz kit in a dirty location or throw them around in a disrespectful manner. Manufacturing namaz kit is important industry in pakistan and pakistan also export namaz kit to other muslim countries including Saudi Arabia. Pakistani also buy jaye namaz, tashbeeh and hijab from Saudi Arabia when they go there to perform Hajj or Umra. They use these by their own and also gift to their relatives. The Hijab is a protection and for of purity for both genders and is ruled according to the nature of each. Since woman is made naturally soft-hearted, modest and humble, she is asked to cover up and protect herself; and since man is created weak, he is taught to exercise self-restraint. If both genders fulfil their individual duties, their faith is protected and their purity is preserved. Women should not be the moon which everyone sees uncovered, but women should be the sun which makes everyone eyes bow down before seeing it. Let not the opinions of man interfere with the directions given to you by Allah. Precious things are always kept covered for their protection muslimahs are the pearls of this ummah and that’s why we’ve been gifted hijab Bibliography 1. Voice of System  By Ahmed Hulusi page no 18 publishing year 1999 published by Kitsan, Istanbul,Turkey 2. Pakistan Kit by Cornell University South Asia Program page no 40 3. http://www. prayerrugs. com/ accessed on 7th May, 2013 4. Islam by Ruqaiyyah Waris Maqsood page no 56 publishing year 1995 publishing house Maetu cromo Spain 5. http://www. tradekey. com. pk/prayer-mats. htm acessed on 4th May ,2013 6. Photopack Artefacts for Worship By Gill Rose, David Rose page no 68 publishing year2003 published by Folens Limited,Itlay 7. ttp://www. ignitumtoday. com/2012/06/06/lets-have-a-talk/, access date: 16th May,2013 8. http://baharemadinah. com/basics-of-religion/128-modesty-and-the-hijab, access date: 16th May,2013 9. Muhammad ismail memon madani (September 28th 1996), hijab The Islamic Commandments of Hijab, access date: 17th May,2013 10. Abdul Aziz Addwesh , The hijab of muslim women [ PDF document], Retrieved http://www. sunniport. com/masabih/showthread. php? t=78 83 11. from: http://www. sultan. org/books/hijab. pdf , access date: 19th May,2013 12. Abu Awwad (oct,2007) , The Hijab [ PPT document], Retrieved from: http://www. slideshare. net/moh12/the-hijab-why, access date: 6th May,2013 13. David Ripley (2010), Headscarves [ PPT document], Retrieved from: http://www. slideshare. net , access date: 10th May,2013 14. http://www. sunniforum. com/forum/showthread. php? 12573-Tasbih-for-Fatima-Az-Zahra-(ra) ,access date: 16th May,2013 15. http://www. 123muslim. com/hadith/5773-collection-various-forms-dhikr-tasbih-sunnah. html 16. Mufti Muhammad Faiz Ahmed Owaisi Damat Barkat-u-hum-Aalia,tasbeeh ki raye, Retrieved from: http://www. ultan. org/books/hijab. pdf , access date: 25th March,2013 17. Photopack Artefacts for Worship By Gill Rose Retrieved from: http://www. sultan. org/books/hijab. pdf , access date: 17th March,2013 [ 1 ]. Voice of System  By Ahmed Hulusi [ 2 ]. Pakistan Kit by Cornell University South Asia Program [ 3 ]. http://www. prayerrugs. com/ [ 4 ]. http://www. loupiote. com/photos/3728069433. shtml [ 5 ]. Islam by Ruqaiyyah Waris Maqsood [ 6 ]. http://www. tradekey. com. pk/prayer-mats. htm [ 7 ]. Al Mawrid:- A Modern Arabic English Dictionary, 1992 p. 453 [ 8 ]. David Ripley (2010), Headscarves [ PPT document], Retrieved from: http://www. slideshare. net [ 9 ]. Photopack Artefacts for Worship By Gill Rose [ 10 ]. Photopack Artefacts for Worship By Gill Rose [ 11 ]. Photopack Artefacts for Worship By Gill Rose [ 12 ]. Photopack Artefacts for Worship By Gill Rose [ 13 ]. Photopack Artefacts for Worship By Gill Rose [ 14 ]. http://www. ignitumtoday. com/2012/06/06/lets-have-a-talk/ [ 15 ]. http://baharemadinah. com/basics-of-religion/128-modesty-and-the-hijab

Essay Topics - 4 Reasons Why Essay Topics Is Good

Essay Topics - 4 Reasons Why Essay Topics Is GoodIf you are one of those who wants to have a look at some essay topics that are good, then it's time for you to begin and do so. The purpose of this is to see the advantages and disadvantages of all the essay topics for four reasons. Just by looking at the basis for why essay topics are always good, you can create an insight on how to come up with topics that are good.A first reason for why these topics are good is because they are simple and easy to write about. Once you have come up with a good topic, the next step would be to find a person who would be able to do a good job with your topic. Usually, you can search the internet to find a person who has great writing skills and ability to provide a good quality of the article. This person will provide a quality contribution to your essay.Second reason why essay topics are good is because you will not have to spend too much time in making a compilation of all the information and facts t hat you need for your essay. The last thing is that you will have the satisfaction to see the essay as good quality. The writer of your assignment can not come up with better materials for your essay if you do not take time to make it good.A third reason why the most common essay topics are good is because you are able to write about what you think about something. You are not the only one who can write about something, but the truth is that you are one of the ones who should do it. An essay is a great opportunity to ask for help from the reader and to get your opinions about something that is very important to you.The fourth reason for why the essay topics are good is because they are useful for you. You will be able to gain knowledge about a subject that you love. There are also many people who love to read different kinds of articles because they are able to learn something new and interesting about their favorite subjects.A recent trend among students is to have a lot of essays that they can turn into separate sections for the reason that they can publish them in a book. The main point of the book is to give the readers a comprehensive idea of the major aspects of the subject. If you are one of those who want to look at some essay topics that are good, then here are some points to consider:These are some of the things to consider when looking at essay topics for four reasons. You will see that essay topics are good and this is the reason why you should have a look at them. You should look at essay topics that you can utilize and benefit from.

Rothschilds Essays

Rothschilds Essays Rothschilds Paper Rothschilds Paper The Vienna branch of the Rothschild banking consortium was established by Salomon Rothschild in 1815, after the end of the Napoleonic Wars. His brother Carl established the Naples branch only a few years after him. The biggest struggle that the Rothschilds faced during these early years was acceptance. Anti-Semitism kept them out of the elite social circles, necessary realms of connection making, and thus hindered business. This was especially felt in Vienna and Naples. Salomon wasnt even able to buy a home in Vienna until 1842, as there were laws forbidding Jews from owning property within the Imperial capital. Through his wealth alone was he able to receive an exemption from this rule. He and his brother Carl in Naples were hesitant to purchase much real estate, though, for fear of the anti-Semitic backlash which it might incur, since real estate was seen as a sign of aristocracy. The Rothschilds frequently found themselves left off of the guest lists of influential balls. They countered this by throwing their own balls, which, by their extravagance alone, eventually attracted the clientele they were after. It wasnt until the late 1830s that senior government officials such as Metternich and Gentz would dine with Salomon. Once they established themselves, however, they became less cautious in hiding their blithe disregard for social rank. They detested such events, but held them for their business worth only.Salomon was especially known for his disapproval and extravagance.He was also known to eat too much, drink too much, to be rude, to surround himself with sycophants, and for having a lecherous passion for very young girls.He felt he was uneducated, an opinion of him held at the time by many other social and political elites, and thus he tried to refrain from social events as much as possible. The familys social efforts, trying as they were, did pay off though.

China accounting standards Essay Example | Topics and Well Written Essays - 750 words

China accounting standards - Essay Example The accounting standards determine the procedure for preparation of financial statements which produces information like business revenues, expenditure, net income, assets, liabilities and the wealth of the stakeholders. Overview: Chinese Accounting standards China has its own system of accounting standards that is maintained in the land of China. The accounting standards of China are composed basic standards, specific standards and application guidance. There are thirty-eight specific standards that are followed in the Chinese accounting standards. During the socialist period, the government of China was the sole owner of the industry. The accounting standards of China are unique as it developed during the socialist regime and is tailor made to the objectives of the Chinese economy. The Chinese accounting standards are intended to focus less on the information of profit and loss. The accounting standards differ from the western accounting standards in terms of providing guideline on information on inventory of the industries. In comparison to the western accounting standards, the Chinese accounting standards are intended less towards accounting of debt of a corporation (Coulaud,  Schulz and  Debilliers, 2008). ... Moreover, the Chinese economy underwent reforms and achieved rapid progress in industrial development. This created the need of revising the accounting standards of China in order to create a competitive ground with the international accounting standards. In 2006, the government of China passed a new accounting law in joint consultation with the ministry of finance, the international accounting standards committee and the representative from the Chinese economy. With a view towards the emerging scenario of integration of international trade with the Chinese trade, the accounting standards of China adopted several standards recommended by the International accounting standards board. In order to align the information on the business performance of China through financial statements and reports and to allow a platform for comparison of the Chinese business with the top listed companies all over the world, the accounting standards of China adopted several features of the international a ccounting standards. The financial reporting procedure was replaced by the international financial reporting standards. The financial reporting criteria helped to compare the financial statements of the Chinese company with the rest of the world which added a significant feature in the era of globalization (Avery,  Zhu and  Cai, 2009). The alignment of the financial reporting standards adopted by China to the International accounting standards is about 95%. Impacts of changes in Chinese accounting standards The changes in the accounting standards of China for preparation of financial statements and accounts have created major impacts on the ways on financial accounting and generating annual reports of the Chinese companies. His has also paved the path of

Strategic Alliance between two companies Essay Example | Topics and Well Written Essays - 2000 words - 2

Strategic Alliance between two companies - Essay Example Consequently, the company sets up a strategic alliance with the latter that already has an established distribution network in the desired country of trade. This is a beneficial arrangement for both as the former company is able to expand its distribution network and the latter can improvise its existing product lines (Papageorgiou, Rotstein and Shah, 2001). The benefits that a company derives from a strategic alliance are the ability to hedge against uncertain and unprofitable situations, tap the potential of a new market, increase the knowledge base and obtain access to exclusive and critical information, which in turn strengthens its competitive position in the international market. A company is able to minimise on the transaction and distribution costs by way of engaging in strategic alliance. A strategic alliance also enables a company to be prompt and effective in pursuing an opportunity and to obtain resources that are absent. A company stabilises its resource base by leveragi ng the knowledge and resource base of the other. As a result, the company is able to gain easier access in the new markets and face lesser barriers to entry during an expansion plan. Strategic alliances, however, has to be formed in a very careful manner as these often fall through owing to mistrust between the two partners, especially when a large amount of competitive or exclusive information is involved. The benefits that a company derives from a strategic alliance are the ability to hedge against uncertain and unprofitable situations.

The Korean War Essay Example for Free

The Korean War Essay The Korean War was one of the infamous proxy wars waged during the tense Cold War period, between the United States of America and the Soviet Union. In that period, the overwhelming concern facing the free world, helmed by America, was the realization of the Truman Doctrine, which in effect included the containment of the Soviet Union and the aversion of an ominous political and military phenomenon known as the Domino Effect. The Domino Effect was the belief that should a state or country fall into the throes of Communism, surrounding countries would one by one begin to fall into the hands of the Soviet Union, heralding the very real possibility of a Third World War and all-out nuclear war. Hostilities began on the 25th of June, 1950, apparently instigated by the North Koreans – more specifically, the Democratic Peoples Republic of Korea Army (Evanhoe, Ed. 2002 http://www. korean-war. com/TimeLine/1950/06-25to08-03-50. html). The South Korean response and the United States’ support for the military engagement began in earnest within the next couple of days. The war escalated through the following months, and casualties mounted on both sides till an armistice was signed on 27 July, 1953. The war could be viewed in three distinct phases, i. e. the Opening Situation – from June to September 1950, the United Nations counterattack – from September to November 1950, and toward the ceasefire line – November 1950 to July 1953 (Dwight D. Eisenhower, p. 173). For the United States, it was a costly involvement that saw a total of 29,557 deaths, 92,934 wounded, and 7,245 interred as prisoners-of-war (Evanhoe, Ed. 2002 http://www. korean-war. com/TimeLine/1953/timeline1953. html). Yet, it was seen as a very necessary action in the light of the international political arena both then and now. The Korean War was an important preface to the Vietnam War, which saw a much more heavy engagement and stunning military losses suffered by the United States. It was the major conflict that occurred after World War II, and should be recognized as such because of the significant implications that surrounded its conflagration and escalation. It is notable as the powers that be supplying the elements and process of war really belonged to the United States, the Soviet Union, and China. That the war was waged on Korean soil by the North and South Koreans was just a physical representation. Again, this conflict was perpetuated by ideological and political differences and would be fleshed out over again in another time on another turf. The Korean War was at once both critical and unfortunate. It is referred to sometimes as the Forgotten War, simply because it was sandwiched between World War II and the Vietnam War, the former because of the horrific scale of the conflict and the latter because of the intricacies and long-drawn out battle timeline. Psychologically, however, the Korean War represented an important milestone for anti-communist sentiments and international support for a United States military presence as the World leader, and the global policeman. In truth, the Korean War in the eyes of the United States was more of a police action than a war – that was an appropriate response to unsolicited hostilities waged against their key ally. One might be forgiven for the view that the Korean War was much ado about nothing, for there was very little real land reallocation and it ended in a technical stalemate (Korean War History Guide, n. d. http://history. searchbeat. com/koreanwar. htm). There was plenty of huff and puff on all sides, and there were many peace negotiations and overtures throughout. Today, the war has not officially ended, and both Koreas are still technically at war. They had been observing an uncertain peace for the last fifty years and one can surmise that without the vitriolic might and fervor of both the Soviet Union and China that existed then in that period of world history, North Korea had no real impetus to engage the South in yet another conflict. Today also, the world is witnessing a very isolated North Korea devoid of even its closest ally’s support, for it is not in China’s interest in all respects to support any possible conflagration. Should North Korea choose to be an enfant terrible and pick a fight with the South, it would really be doing so as a lonely and desperate attempt to regain its largely irrelevant dominance and imagined presence on the world stage. No longer would it be a thinly-cloaked war of belligerence waged by the Communist powers that be. REFERENCES Dwight D. Eisenhower, Mandate for Change: 1953-56 (Garden City, NY: Doubleday Company, Inc. 1963), p. 173 Evanhoe, Ed. 2002 http://www. korean-war. com/TimeLine/1950/06-25to08-03-50. html Retrieved on 30 May 2010. Evanhoe, Ed. 2002 http://www. korean-war. com/TimeLine/1953/timeline1953. html Retrieved on 30 May 2010. Korean War History Guide, n. d. http://history. searchbeat. com/koreanwar. htm Retrieved on 30 May 2010.