Ias 7

7IAS 7 International Accounting Standard 7 Statement of Cash Flows This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 7 Cash Flow Statements was issued by the International Accounting Standards Committee in December 1992. It replaced IAS 7 Statement of Changes in Financial Position (issued in October 1977). In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.Since then, IAS 7 and its accompanying documents have been amended by the following IFRSs: †¢ †¢ †¢ †¢ †¢ †¢ †¢ IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) IAS 21 The Effects of Changes in Foreign Exchange Rates (as revised in December 2003) IFRS 8 Operating Segments (issued November 2006)* IAS 23 Borrowing Costs (as revised in March 2007)* IAS 1 Presentation of Financial Statements (as revised in September 2007)* IAS 27 Consolidated and Separate Financial Statements (amended in January 2008)†  Improvements to IFRSs (issued May 2008). As a result of the changes in terminology made by IAS 1 in 2007, the title of IAS 7 was changed to Statement of Cash Flows. * †  effective date 1 January 2009 effective date 1 July 2009  © IASCF 999 IAS 7 CONTENTS INTERNATIONAL ACCOUNTING STANDARD 7 STATEMENT OF CASH FLOWSOBJECTIVE SCOPE BENEFITS OF CASH FLOW INFORMATION DEFINITIONS Cash and cash equivalents PRESENTATION OF A STATEMENT OF CASH FLOWS Operating activities Investing activities Financing activities REPORTING CASH FLOWS FROM OPERATING ACTIVITIES REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES REPORTING CASH FLOWS ON A NET BASIS FOREIGN CURRENCY CASH FLOWS INTEREST AND DIVIDENDS TAXES ON INCOME INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES CHANGES IN OWNERSHIP INTERESTS IN SUBSIDIARIES AND OTHER BUSINESSES NON-CASH TRANSACTIONS COMPONENTS OF CASH AND CASH EQUIVALENTS OTHER DISCLOSURES EFFECTIVE DATE APPENDICES A B Statement of cash flows for an entity other than a financial institution Statement of cash flows for a financial institution paragraphs 1–3 4–5 6–9 7–9 10–17 13–15 16 17 18–20 21 22–24 25–28 31–34 35–36 37–38 39–42B 43–44 45–47 48–52 53–55 1000  © IASCF IAS 7 International Accounting Standard 7 Statement of Cash Flows (IAS 7) is set out in paragraphs 1–55. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.IAS 7 should be read in the context of its objective, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.  © IASCF 1001 IAS 7 International Accounting Standard 7 Statement of Cash Flows* Objective Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability of the entity to generate cash and cash equivalents and the needs of the entity to utilise those cash flows.The economic decisions that are taken by users require an evaluation of the ability of an entity to generate cash and cash equivalents and the timing and certainty of their generation. The objective of this Standard is to require the provision of information about the historical changes in cash and cash equivalents of an entity by means of a statement of cash flows which classifies cash flows during the period from operating, investing and financing activities. Scope 1 An entity shall prepare a statement of cash flows in accordance with the requirements of this Stan dard and shall present it as an integral part of its financial statements for each period for which financial statements are presented. 2 3 This Standard supersedes IAS 7 Statement of Changes in Financial Position, approved in July 1977.Users of an entity’s financial statements are interested in how the entity generates and uses cash and cash equivalents. This is the case regardless of the nature of the entity’s activities and irrespective of whether cash can be viewed as the product of the entity, as may be the case with a financial institution. Entities need cash for essentially the same reasons however different their principal revenue-producing activities might be. They need cash to conduct their operations, to pay their obligations, and to provide returns to their investors. Accordingly, this Standard requires all entities to present a statement of cash flows. Benefits of cash flow information A statement of cash flows, when used in conjunction with the rest of th e financial statements, provides information that enables users to evaluate the changes in net assets of an entity, its financial structure (including its liquidity and solvency) and its ability to affect the amounts and timing of cash flows in order to adapt to changing circumstances and opportunities. Cash flow information is useful in assessing the ability of the entity to generate cash and cash equivalents and enables users to develop models to assess and compare the present value of the * In September 2007 the IASB amended the title of IAS 7 from Cash Flow Statements to Statement of Cash Flows as a consequence of the revision of IAS 1 Presentation of Financial Statements in 2007. 1002  © IASCF IAS 7 future cash flows of different entities.It also enhances the comparability of the reporting of operating performance by different entities because it eliminates the effects of using different accounting treatments for the same transactions and events. 5 Historical cash flow inform ation is often used as an indicator of the amount, timing and certainty of future cash flows. It is also useful in checking the accuracy of past assessments of future cash flows and in examining the relationship between profitability and net cash flow and the impact of changing prices. Definitions 6 The following terms are used in this Standard with the meanings specified: Cash comprises cash on hand and demand deposits.Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Cash flows are inflows and outflows of cash and cash equivalents. Operating activities are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. Investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents. Financing activities are activities that resu lt in changes in the size and composition of the contributed equity and borrowings of the entity. Cash and cash equivalents Cash equivalents are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes. For an investment to qualify as a cash equivalent it must be readily convertible to a known amount of cash and be subject to an insignificant risk of changes in value. Therefore, an investment normally qualifies as a cash equivalent only when it has a short maturity of, say, three months or less from the date of acquisition. Equity investments are excluded from cash equivalents unless they are, in substance, cash equivalents, for example in the case of preferred shares acquired within a short period of their maturity and with a specified redemption date. Bank borrowings are generally considered to be financing activities.However, in some countries, bank overdrafts which are repayable on demand form an integral part of an entity's cash m anagement. In these circumstances, bank overdrafts are included as a component of cash and cash equivalents. A characteristic of such banking arrangements is that the bank balance often fluctuates from being positive to overdrawn. Cash flows exclude movements between items that constitute cash or cash equivalents because these components are part of the cash management of an entity rather than part of its operating, investing and financing activities. Cash management includes the investment of excess cash in cash equivalents. 8 9  © IASCF 1003 IAS 7Presentation of a statement of cash flows 10 The statement of cash flows shall report cash flows during the period classified by operating, investing and financing activities. 11 An entity presents its cash flows from operating, investing and financing activities in a manner which is most appropriate to its business. Classification by activity provides information that allows users to assess the impact of those activities on the financi al position of the entity and the amount of its cash and cash equivalents. This information may also be used to evaluate the relationships among those activities. A single transaction may include cash flows that are classified differently.For example, when the cash repayment of a loan includes both interest and capital, the interest element may be classified as an operating activity and the capital element is classified as a financing activity. 12 Operating activities 13 The amount of cash flows arising from operating activities is a key indicator of the extent to which the operations of the entity have generated sufficient cash flows to repay loans, maintain the operating capability of the entity, pay dividends and make new investments without recourse to external sources of financing. Information about the specific components of historical operating cash flows is useful, in conjunction with other information, in forecasting future operating cash flows. Cash flows from operating ac tivities are primarily derived from the principal revenue-producing activities of the entity.Therefore, they generally result from the transactions and other events that enter into the determination of profit or loss. Examples of cash flows from operating activities are: (a) (b) (c) (d) (e) (f) (g) cash receipts from the sale of goods and the rendering of services; cash receipts from royalties, fees, commissions and other revenue; cash payments to suppliers for goods and services; cash payments to and on behalf of employees; cash receipts and cash payments of an insurance entity for premiums and claims, annuities and other policy benefits; cash payments or refunds of income taxes unless they can be specifically identified with financing and investing activities; and cash receipts and payments from contracts held for dealing or trading purposes. 14Some transactions, such as the sale of an item of plant, may give rise to a gain or loss that is included in recognised profit or loss. Th e cash flows relating to such transactions are cash flows from investing activities. However, cash payments to manufacture or acquire assets held for rental to others and subsequently held for sale as described in paragraph 68A of IAS 16 Property, Plant and Equipment are cash flows from operating activities. The cash receipts from rents and subsequent sales of such assets are also cash flows from operating activities. 1004  © IASCF IAS 7 15 An entity may hold securities and loans for dealing or trading purposes, in which case they are similar to inventory acquired specifically for resale.Therefore, cash flows arising from the purchase and sale of dealing or trading securities are classified as operating activities. Similarly, cash advances and loans made by financial institutions are usually classified as operating activities since they relate to the main revenue-producing activity of that entity. Investing activities 16 The separate disclosure of cash flows arising from investing activities is important because the cash flows represent the extent to which expenditures have been made for resources intended to generate future income and cash flows. Examples of cash flows arising from investing activities are: (a) cash payments to acquire property, plant and equipment, intangibles and other long-term assets.These payments include those relating to capitalised development costs and self-constructed property, plant and equipment; cash receipts from sales of property, plant and equipment, intangibles and other long-term assets; cash payments to acquire equity or debt instruments of other entities and interests in joint ventures (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes); cash receipts from sales of equity or debt instruments of other entities and interests in joint ventures (other than receipts for those instruments considered to be cash equivalents and those held for dealing or trad ing purposes); cash advances and loans made to other parties (other than advances and loans made by a financial institution); cash receipts from the repayment of advances and loans made to other parties (other than advances and loans of a financial institution); cash payments for futures contracts, forward contracts, option contracts and swap contracts except when the contracts are held for dealing or trading purposes, or the payments are classified as financing activities; and cash receipts from futures contracts, forward contracts, option contracts and swap contracts except when the contracts are held for dealing or trading purposes, or the receipts are classified as financing activities. (b) (c) (d) (e) (f) (g) (h) When a contract is accounted for as a hedge of an identifiable position the cash flows of the contract are classified in the same manner as the cash flows of the position being hedged.  © IASCF 1005 IAS 7 Financing activities 7 The separate disclosure of cash flows a rising from financing activities is important because it is useful in predicting claims on future cash flows by providers of capital to the entity. Examples of cash flows arising from financing activities are: (a) (b) (c) (d) (e) cash proceeds from issuing shares or other equity instruments; cash payments to owners to acquire or redeem the entity’s shares; cash proceeds from issuing debentures, loans, notes, bonds, mortgages and other short or long-term borrowings; cash repayments of amounts borrowed; and cash payments by a lessee for the reduction of the outstanding liability relating to a finance lease. Reporting cash flows from operating activities 8 An entity shall report cash flows from operating activities using either: (a) the direct method, whereby major classes of gross cash receipts and gross cash payments are disclosed; or the indirect method, whereby profit or loss is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or financing cash flows. (b) 19 Entities are encouraged to report cash flows from operating activities using the direct method. The direct method provides information which may be useful in estimating future cash flows and which is not available under the indirect method.Under the direct method, information about major classes of gross cash receipts and gross cash payments may be obtained either: (a) (b) from the accounting records of the entity; or by adjusting sales, cost of sales (interest and similar income and interest expense and similar charges for a financial institution) and other items in the statement of comprehensive income for: (i) (ii) (iii) changes during the period in inventories and operating receivables and payables; other non-cash items; and other items for which the cash effects are investing or financing cash flows. 20 Under the indirect method, the net cash f low from operating activities is determined by adjusting profit or loss for the effects of: (a) changes during the period in inventories and operating receivables and payables; 1006  © IASCF IAS 7 (b) on-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency gains and losses, and undistributed profits of associates; and all other items for which the cash effects are investing or financing cash flows. (c) Alternatively, the net cash flow from operating activities may be presented under the indirect method by showing the revenues and expenses disclosed in the statement of comprehensive income and the changes during the period in inventories and operating receivables and payables. Reporting cash flows from investing and financing activities 21 An entity shall report separately major classes of gross cash receipts and gross cash payments arising from investing and financing activities, except to the extent that cash flows described in paragraphs 22 an d 24 are reported on a net basis. Reporting cash flows on a net basis 2 Cash flows arising from the following operating, investing or financing activities may be reported on a net basis: (a) cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short. (b) 23 Examples of cash receipts and payments referred to in paragraph 22(a) are: (a) (b) (c) the acceptance and repayment of demand deposits of a bank; funds held for customers by an investment entity; and rents collected on behalf of, and paid over to, the owners of properties. Examples of cash receipts and payments referred to in paragraph 22(b) are advances made for, and the repayment of: (a) (b) (c) 24 principal amounts relating to credit card customers; the purchase and sale of investments; and other short-term borrowings, for example, those which have a maturity period of three months or less.Cash flows arising from each of the following activities of a financial institution may be reported on a net basis: (a) cash receipts and payments for the acceptance and repayment of deposits with a fixed maturity date; the placement of deposits with and withdrawal of deposits from other financial institutions; and (b)  © IASCF 1007 IAS 7 (c) cash advances and loans made to customers and the repayment of those advances and loans. Foreign currency cash flows 25 Cash flows arising from transactions in a foreign currency shall be recorded in an entity’s functional currency by applying to the foreign currency amount the exchange rate between the functional currency and the foreign currency at the date of the cash flow. The cash flows of a foreign subsidiary shall be translated at the exchange rates between the functional currency and the foreign currency at the dates of the cash flows. 26 7 Cash flows denomina ted in a foreign currency are reported in a manner consistent with IAS 21 The Effects of Changes in Foreign Exchange Rates. This permits the use of an exchange rate that approximates the actual rate. For example, a weighted average exchange rate for a period may be used for recording foreign currency transactions or the translation of the cash flows of a foreign subsidiary. However, IAS 21 does not permit use of the exchange rate at the end of the reporting period when translating the cash flows of a foreign subsidiary. Unrealised gains and losses arising from changes in foreign currency exchange rates are not cash flows.However, the effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency is reported in the statement of cash flows in order to reconcile cash and cash equivalents at the beginning and the end of the period. This amount is presented separately from cash flows from operating, investing and financing activities and includes the diffe rences, if any, had those cash flows been reported at end of period exchange rates. [Deleted] 28 29 30 [Deleted] Interest and dividends 31 Cash flows from interest and dividends received and paid shall each be disclosed separately. Each shall be classified in a consistent manner from period to period as either operating, investing or financing activities. 32The total amount of interest paid during a period is disclosed in the statement of cash flows whether it has been recognised as an expense in profit or loss or capitalised in accordance with IAS 23 Borrowing Costs. Interest paid and interest and dividends received are usually classified as operating cash flows for a financial institution. However, there is no consensus on the classification of these cash flows for other entities. Interest paid and interest and dividends received may be classified as operating cash flows because they enter into the determination of profit or loss. Alternatively, interest paid and interest and divi dends received may be classified as financing cash flows and investing cash flows respectively, because they are costs of obtaining financial resources or returns on investments. 33 1008  © IASCF IAS 7 34Dividends paid may be classified as a financing cash flow because they are a cost of obtaining financial resources. Alternatively, dividends paid may be classified as a component of cash flows from operating activities in order to assist users to determine the ability of an entity to pay dividends out of operating cash flows. Taxes on income 35 Cash flows arising from taxes on income shall be separately disclosed and shall be classified as cash flows from operating activities unless they can be specifically identified with financing and investing activities. 36 Taxes on income arise on transactions that give rise to cash flows that are classified as operating, investing or financing activities in a statement of cash flows.While tax expense may be readily identifiable with investin g or financing activities, the related tax cash flows are often impracticable to identify and may arise in a different period from the cash flows of the underlying transaction. Therefore, taxes paid are usually classified as cash flows from operating activities. However, when it is practicable to identify the tax cash flow with an individual transaction that gives rise to cash flows that are classified as investing or financing activities the tax cash flow is classified as an investing or financing activity as appropriate. When tax cash flows are allocated over more than one class of activity, the total amount of taxes paid is disclosed. Investments in subsidiaries, associates and joint ventures 7 When accounting for an investment in an associate or a subsidiary accounted for by use of the equity or cost method, an investor restricts its reporting in the statement of cash flows to the cash flows between itself and the investee, for example, to dividends and advances. An entity which reports its interest in a jointly controlled entity (see IAS 31 Interests in Joint Ventures) using proportionate consolidation, includes in its consolidated statement of cash flows its proportionate share of the jointly controlled entity’s cash flows. An entity which reports such an interest using the equity method includes in its statement of cash flows the cash flows in respect of its investments in the jointly controlled entity, and distributions and other payments or receipts between it and the jointly controlled entity. 38Changes in ownership interests in subsidiaries and other businesses 39 The aggregate cash flows arising from obtaining and losing control of subsidiaries or other businesses shall be presented separately and classified as investing activities. An entity shall disclose, in aggregate, in respect of both obtaining and losing control of subsidiaries or other businesses during the period each of the following: (a) the total consideration paid or received; 4 0  © IASCF 1009 IAS 7 (b) (c) the portion of the consideration consisting of cash and cash equivalents; the amount of cash and cash equivalents in the subsidiaries or other businesses over which control is obtained or lost; and the amount of the assets and liabilities other than cash or cash equivalents in the subsidiaries or other businesses over which control is obtained or lost, summarised by each major category. (d) 41The separate presentation of the cash flow effects of obtaining or losing control of subsidiaries or other businesses as single line items, together with the separate disclosure of the amounts of assets and liabilities acquired or disposed of, helps to distinguish those cash flows from the cash flows arising from the other operating, investing and financing activities. The cash flow effects of losing control are not deducted from those of obtaining control. The aggregate amount of the cash paid or received as consideration for obtaining or losing control of subsi diaries or other businesses is reported in the statement of cash flows net of cash and cash equivalents acquired or disposed of as part of such transactions, events or changes in circumstances. Cash flows arising from changes in ownership interests in a subsidiary that do not result in a loss of control shall be classified as cash flows from financing activities.Changes in ownership interests in a subsidiary that do not result in a loss of control, such as the subsequent purchase or sale by a parent of a subsidiary’s equity instruments, are accounted for as equity transactions (see IAS 27 Consolidated and Separate Financial Statements (as amended in 2008)). Accordingly, the resulting cash flows are classified in the same way as other transactions with owners described in paragraph 17. 42 42A 42B Non-cash transactions 43 Investing and financing transactions that do not require the use of cash or cash equivalents shall be excluded from a statement of cash flows. Such transactio ns shall be disclosed elsewhere in the financial statements in a way that provides all the relevant information about these investing and financing activities. 44Many investing and financing activities do not have a direct impact on current cash flows although they do affect the capital and asset structure of an entity. The exclusion of non-cash transactions from the statement of cash flows is consistent with the objective of a statement of cash flows as these items do not involve cash flows in the current period. Examples of non-cash transactions are: (a) (b) (c) the acquisition of assets either by assuming directly related liabilities or by means of a finance lease; the acquisition of an entity by means of an equity issue; and the conversion of debt to equity. 1010  © IASCF IAS 7 Components of cash and cash equivalents 5 An entity shall disclose the components of cash and cash equivalents and shall present a reconciliation of the amounts in its statement of cash flows with the e quivalent items reported in the statement of financial position. 46 In view of the variety of cash management practices and banking arrangements around the world and in order to comply with IAS 1 Presentation of Financial Statements, an entity discloses the policy which it adopts in determining the composition of cash and cash equivalents. The effect of any change in the policy for determining components of cash and cash equivalents, for example, a change in the classification of financial instruments previously considered to be part of an entity’s investment portfolio, is reported in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. 47 Other disclosures 8 An entity shall disclose, together with a commentary by management, the amount of significant cash and cash equivalent balances held by the entity that are not available for use by the group. 49 There are various circumstances in which cash and cash equivalent balances held by an entity are not available for use by the group. Examples include cash and cash equivalent balances held by a subsidiary that operates in a country where exchange controls or other legal restrictions apply when the balances are not available for general use by the parent or other subsidiaries. Additional information may be relevant to users in understanding the financial position and liquidity of an entity.Disclosure of this information, together with a commentary by management, is encouraged and may include: (a) the amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments, indicating any restrictions on the use of these facilities; the aggregate amounts of the cash flows from each of operating, investing and financing activities related to interests in joint ventures reported using proportionate consolidation; the aggregate amount of cash flows that represent increases in operating capacity separately from those cash flow s that are required to maintain operating capacity; and the amount of the cash flows arising from the operating, investing and financing activities of each reportable segment (see IFRS 8 Operating Segments). 50 (b) (c) (d)  © IASCF 1011 IAS 7 51The separate disclosure of cash flows that represent increases in operating capacity and cash flows that are required to maintain operating capacity is useful in enabling the user to determine whether the entity is investing adequately in the maintenance of its operating capacity. An entity that does not invest adequately in the maintenance of its operating capacity may be prejudicing future profitability for the sake of current liquidity and distributions to owners. The disclosure of segmental cash flows enables users to obtain a better understanding of the relationship between the cash flows of the business as a whole and those of its component parts and the availability and variability of segmental cash flows. 52 Effective date 53 54 Thi s Standard becomes operative for financial statements covering periods beginning on or after 1 January 1994.IAS 27 (as amended in 2008) amended paragraphs 39–42 and added paragraphs 42A and 42B. An entity shall apply those amendments for annual periods beginning on or after 1 July 2009. If an entity applies IAS 27 (amended 2008) for an earlier period, the amendments shall be applied for that earlier period. The amendments shall be applied retrospectively. Paragraph 14 was amended by Improvements to IFRSs issued in May 2008. An entity shall apply that amendment for annual periods beginning on or after 1 January 2009. Earlier application is permitted. If an entity applies the amendment for an earlier period it shall disclose that fact and apply paragraph 68A of IAS 16. 55 1012  © IASCF

Magna Carta the cornerstone of Modern Law

Magna Carta came from the Latin word â€Å"Great Charter†, which was authorized by King John of England, which deals with governing of his subjects according to Feudalism. During feudalism, the relationship between kings and their barons orders the rights and duties of each subordinate. The king cannot make any legal actions such as imposing high taxes or any military services without consulting the barons. The Barons rebelled against King John causing a revolt in England; Magna Carta was a result of the negotiation within the rebel barons and the king. Magna Carta has 63 clauses which were issued to grant liberties to the church, to barons and tenants feudal rights. This promises that the King would be fair and just in enforcing his powers to the people. This became the â€Å"balancing act† during the Kings times because this limits the power of the King towards its people. This gave fair provision to the barons and King to exercise his powers to a certain extent in order not to abuse to those that are of less status as they are. The people were given representations and were given fair rights as well. One of the most important clauses of the Magna Carta is the legal clause that states that justice will be serve appropriately and should not be delayed. This is one of the many adopted laws of the Modern Laws right now. Enforcement of Magna Carta is with utmost importance as this became the basis of the modern rights, one of which is taxation without representation. Due to this also the people were given rights to undergo a due process in which at recent is given to those that are trialed. There should be no conviction made unless the person accused has been proven guilty, there should be a fair trial and both sides of defendant and prosecutor is heard. Magna Carta is considered to be the liberty of the people as well as today for this granted them the right to be represented.

Accounting For Depreciation In Relation With Fixed Assets - Samples

This reflection essay will be based on my learning experience in relation to the accounting for depreciation in the context of fixed assets. Prior to this assessment, two research proposals have been developed in relation to this topic and with the help of various analyses, it has been evaluated that depreciation is a type of expense for the organization and this should be marked every year in the financial statements. This also helps the company to analyse the current value of the assets along with the rate of depreciation which needs to be imposed (Epstein & McFarlan, 2011). Based on my experience and learning from previous assessments, I learned the significance and the necessity of depreciation in an organization. There are two types of assets current and fixed assets. Current assets are those which can be liquidated within the one year from purchase and fixed assets are those which take more than one year to be liquidated. Amongst the various measures for measuring the value of fixed assets, I have realised that conservative approach will help the organization gain the appropriate results as per the expectations. This approach provides clear and accurate information regarding estimating the value of the fixed assets (Kang & Zhao, 2010). Apart from this, I also learned that these approaches are capable enough to cover all the charges in relation to all types of other expenses which would generate clear outcomes in relation to financial statements. As per my opinion, depreciation is quite a useful thing in estimating the actual life of fixed assets and it leads to increase in the costs of those assets. Fixed assets are long-term tangible properties for organization which helps to generate revenues and to accomplishes the functionalities of organization in an appropriate manner. I realised that the concept of depreciations implemented with the view to increase fixed costs with the view to decrease the profit margin. With the help of depreciation, anticipated fixed costs are increased dramatically and organization could easily determine their profits that will also include the expenses of depreciation (Radu & Marius, 2011). On the basis of topic of the research proposal "accounting for depreciation in relation with fixed assets", I have analysed that various accounting entries need to be made to charge the fixed asset as an expense at the end of its life cycle. With the help of these entries, long time usage of the fixed assets could also be reflected. Depreciation is a charge which is imposed on the fixed asset in order to analyse its expected life. For a period of time, fixed assets could be used along with gradually decreasing its value. Along with this, I also realised that on one side depreciation is being charged to record the expense against fixed asset's cost where, on the other hand, revenues are also recorded which are originated from its utilisation. In my opinion, if whole depreciation has been charged in the first year of purchase of the asset then also revenues would be originated from its usage and those will also be reflected in the financial statements of the organization. As per my lea rning experience, this will create negative impact over the financial performance of the organization because revenues and the expenses will not match for the further time period and it will be against the matching principle. Thus, I have realised that charges of depreciation need to be recorded for all the years in which fixed asset has been used for generating revenues (Christensen & Nikolaev, 2013). While evaluating the previous assessments, I have realised that all these theories and concepts are just theoretical aspects which differs from the actual outcomes. Revenues cannot be generated with one asset irrespective of its nature i.e. current or fixed. Revenues are originated from the production process and this process indulges group of assets. Apart from this, I have also realised that the depreciation is an expense which is being charged against the cost of the asset in relation to the revenues. The same procedure is being followed for several years till the time, value of that particular asset becomes nil. In the absence of depreciation, whole cost of the fixed asset will be charged in the year of its purchase which will lead to decline in the rate of profits for the organization. In the year under which fixed assets have been purchased, profits of the company will be less in comparison to the past years and future years (Giarola, Shah & Bezzo, 2012). Further, in the next y ear, profits will gradually increase which will leads to mismatch concept. For adopting the principle of consistency, it is required to charge the depreciation against the cost of fixed asset in relation to maintaining the appropriate rate of profits and to show growth of the organization. With the help of this theory, organization will be able to attain its desired goals as well as organization will easily be able to attract the public for raising the capital (Kieso, Weygandt & Warfield, 2010). It is necessary to evaluate the factors of depreciation as it plays crucial role in understanding both terms i.e. concept of depreciation and the significance of depreciation.   Along with the factors, measures should also be evaluated which are required for evaluating the rate of depreciation which could provide maximum benefits to the organization. Following factors have been evaluated by me after analysing the above assessments: In my opinion, depreciation is linked to various issues such as it does not relate to the current value of the asset. Depreciation is charged on the past value of the asset in which it has been purchased irrespective of its current value. While making the company’s cash flow and other financial statements, depreciation becomes the major issue. Depreciation cannot be applied to the intangible assets and for amortization is being implemented over these assets with the help of straight-line method (Feng & Figliozzi, 2013). Thus, in my point of view depreciation plays crucial role in terms of maintaining the organizational profitability. Depreciation helps the organization to determine the life of asset and it is charged gradually in respect of its life period. Along with this, depreciation should be charged against the cost of the fixed asset and in the first few years of purchase of the asset, amount of depreciation should be charged more in comparison with the further years (Crosby, Devaney & Nanda, 2016).   Christensen, H.B. and Nikolaev, V.V., 2013. Does fair value accounting for non-financial assets pass the market test?.  Review of Accounting Studies,  18(3), pp.734-775. Crosby, N., Devaney, S. and Nanda, A., 2016. Which factors drive rental depreciation rates for office and industrial properties? Journal of Real Estate Research,  38(3), pp.359-392. Epstein, M.J. and McFarlan, F.W., 2011. Measuring the efficiency and effectiveness of a nonprofit's performance.  Strategic finance,  93(4), pp.27-35. Feng, W. and Figliozzi, M., 2013. An economic and technological analysis of the key factors affecting the competitiveness of electric commercial vehicles: A case study from the USA market.  Transportation Research Part C: Emerging Technologies,  26, pp.135-145. Giarola, S., Shah, N. and Bezzo, F., 2012. A comprehensive approach to the design of ethanol supply chains including carbon trading effects.  Bioresource technology,  107, pp.175-185. Kang, S.H. and Zhao, Y., 2010. Information content and value relevance of depreciation: a cross-industry analysis.  The Accounting Review,  85(1), pp.227-260. Kieso, D.E., Weygandt, J.J. and Warfield, T.D., 2010.  Intermediate accounting: IFRS edition  (Vol. 2). John Wiley & Sons. Radu, D. and Marius, D., 2011. Issues related to the accounting treatment of the tangible and intangible assets depreciation.  Annals of the University of Oradea: Economic Science,  1(2), pp.498-502. Rambaud, A. and Richard, J., 2015. The â€Å"Triple Depreciation Line† instead of the â€Å"Triple Bottom Line†: towards a genuine integrated reporting.  Critical Perspectives on Accounting,  33, pp.92-116. Warren, C.S. and Jones, J., 2018.  Corporate financial accounting. Cengage Learning.

Supply chain management Essay Example | Topics and Well Written Essays - 6000 words

Supply chain management - Essay Example Maintaining an effective and critical supply chain has become critical today. Global disruptions and market changes have instilled a sense of fear in businesses as maintaining strong customer relationships and effective cost cutting has become necessary (Sapient, 2002). Many firms started outsourcing key business process as a means to have better control over the supply chain. This could not resolve the problem and on the contrary it added to business and communication complexity. This increases the dependence on business partners (Sapient, 2002). Supply chains today face innumerable barriers like multiple tiers, many suppliers, varied transportation modes and numerous outsourcing partners, according to the report by Sapient. Uncertainties arise as multiple players with diverse technological backgrounds and systems join hands to integrate supply chain activities (Lippert & Forman, 2006). Supply chain uncertainties can also disturb the other planned processes to accommodate delayed assembly or delay may occur if a suitable resource cannot be found (Koh & Tan, 2005). Despite the use of various strategic planning models, uncertainties have been identified in the system. Uncertainties should not be underestimated as its impact can lead to faulty planni ng. It could also prevent the company from taking advantage of the opportunities that higher levels of uncertainty provide. It thus becomes imperative to understand the various view points underpinning the theory of uncertainty in supply chain. Uncertainty has been defined by Ambrose, Marshall and Lynch (2006) as the absence of the information that the organization needs in order to operate effectively while Koh and Tan (2005) define it as any unpredictable event that occurs during the production process that cannot be planned for. It is a disturbance and creates nervousness. They further clarify that regardless of the way

Vidsoft Case Analysis Essay Example | Topics and Well Written Essays - 2000 words

Vidsoft Case Analysis - Essay Example The company, to avoid this sort of situation in the future, could install more team-based leadership tasks. Li is a people person and motivator in the case, but Hsu is very positional and by-the-book. Babatunde needs to understand that in dealing with Li, gender stereotypes are not viable explanations for understanding the impact of personal factors on choices about conflict resolution strategies. In the co-orientation model, the degree to which two employees hold similar views about a topic is known as agreement. The latent conflict phase is marked by the impact the conflict has on the ongoing work relationship of the parties involved. Things are changing in the internet age as well in terms of communication. The conflict management style marked by high concern for self and high concern for others is collaboration. A mediator is a third-party conflict role specializing in the exercise of control over the negotiation process and its outcomes (Babatunde’s role). Network analysis is one way that conflict resolution researchers study conflict generation and resolution. During the manifest conflict stage, conflict strategies are enacted in communicative interaction. Babatunde needs to present strong leadership skills and a sense of direction in order to optimize employee performance. Too often, different departments of organizations tend to dissolve along lines of ineffective communication in group meetings in which the manager becomes less of a leader and more of a scapegoat or outmoded mouthpiece of the status quo, and in situations such as these, political infighting and departmental disagreement over issues of funding and allocation make take priority over what should be the clear mission and shared vision of all involved; that is, determining what is best for the customer in terms of loyalty and buying behavior,

Chinese Art in Europe Assignment Example | Topics and Well Written Essays - 750 words

Chinese Art in Europe - Assignment Example Four pieces recently on display in the National Museum of China demonstrate these contradicting desires, creating Chinese-inspired European art that often fails to capture Chinese aesthetic qualities. The desire to copy and imitate Chinese art in European art is a curious one: for much of European history Europe had been relatively assured of cultural superiority over others, especially non-Christian peoples. With China, however, something different seems to have taken place. European missionaries seemed to largely consider Chinese materially and culturally at least Europe’s equal, and possibly Europe’s â€Å"superior† (Mungello 85). This gave the Europeans the impulse to copy Chinese art. Furthermore, it was tempting for Europeans to attempt to form parallels between Chinese society and European society in order to bolster their own European institutions, such as the French Empire (Thomas 2). These forces led to an effort by European artists to imitate Chinese s tyle. Yet much of Chinese art was misunderstood by Europeans, or understood solely from their world view (Thomas 1). Many pieces of art in the National Museum demonstrate the desire to fit China into a European world view. The â€Å"Cup with Kinrade Decorations and German Gilded Silver Mounts,† for instance, features a highly ornate Chinese cup positioned on a gilded German mount, making the whole piece appear something like a massive chalice. Though the style of the bowl and the cup clearly clash fairly significantly, it is easy to see the European attempt to integrate Chinese art into a European formation, both making it part of something clearly European (an ornate chalice) and combining its style with European style. The Coffee Pot with Pierced Outer Wall, a later piece, shows a more genuine desire of complete imitation, possibly indicating a move away from stress about integrating Chinese culture with European that might have been associated with Europe’s ability to exert forms of colonial control on China (Thomas 17). While clearly there was a significant attempt to draw China closer to Europe, and form parallels between Chinese society and European, this does not change the fact that Europeans still showed an intense need to exoticize Chinese art and people. Joachim Kandler’s Sweetmeat Stand and Johan Lanz’s Inkstand with Exotic Figurines both demonstrate this desire to focus on the exoticness of China. Neither features a particularly Chinese style, both being highly ornate, even opulent in a rococo style, though the sweetmeat stand does preserve a few touches of Chinese authenticity (the lilies seem to have a Chinese touch about them). Instead, the focus of each work is on the figures, who are highly stylized in imagined Chinese dress. Each character features a highly ornate conical hat, clearly something Europeans were already associating with China at this point, along with robes of different sorts that do not seem to real ly bare a great deal of resemblance to Chinese dress. The clothing, however, is all clearly different from European clothing. The characters themselves are similarly stylized, with overwrought Chinese features. In these pieces, it is clear that the desire to express or imitate Chinese attributes through European art

Pictorialism and Modernism Essay Example | Topics and Well Written Essays - 2250 words

Pictorialism and Modernism - Essay Example The essay "Pictorialism and Modernism" compares pictorialism with modernism. The availability of printmaking machinery and materials that were previously reserved for illustration and reproduction allowed the artists to venture into the new artistic era. This led photographers to experiment their divergent techniques, which included the documentary style that involved capturing memorable events and representing them in documentaries. The era of documentary photography raised the need to respect people as humans rather than stereotypic images that had less resemblance to the represented being. This gave rise to the era of modernism, which made a large leap from the previous documentary photography. Therefore, it was during the pictorialism era that real artistic work could be accurately represented, and this was the era that revolution in artistic work was achieved. However, due to the closeness between the two artistic works, pictorialism may be argued to be a modernism approach to p hotography with the feelings of the artist embraced in the art work. Rocco argues that the era of photography dates back to 1888 when George Eastman introduced the first Kodak camera and this changed photography to the better since then. The first camera made photography to be available for the common man in the street, instead of being a preserve of a few artists. This intervention of the camera greatly reduced the apparatus used in films, and was available to many casual amateurs with no particular training.

Organization Project Assignment Example | Topics and Well Written Essays - 1000 words

Organization Project - Assignment Example BP Oil is among the top six major oil and gas corporations in the world. They are currently involved in massive explorations in different parts of the world. The company is a British multinational corporation with headquarters in London. The analysis of the history of BP Plc. reveals that the company’s management strategy has not changed much over the years. The origin of BP is traced to 1908 when a group of British geologists discovered oil in Iran. The company has a reputation for partaking in highly risky ventures. It was officially called the British Petroleum in 1954 (BP, n.d.). The willingness to take on risky ventures has yielded both positive and negative returns. The positive return is the increase in revenue earned while the negative effects are the public relation problems caused by many oils spills. The company management was based on the establishment of structures that divided the company into top, mid-level and lower level management. BP has always used the system management style, which ensures a proper division of the business to facilitate the flow of orders and functions. The orders came from top management to the middle level and lower level expected to implement them. Top management formulates strategies and the overall goals. The middle-level management can plan and control resources to ensure the overall strategic goals are met. The lower level management are involved in implementing the plans that have been made by middle-level management. Currently, BP Systems management style has been enhanced by the addition of sustainable management. The 2010 Oil Spill played a significant role in pushing BP to adopt sustainable management, which aims at protecting the environment. Sustainable management is meant to ensure BP prevents further environmental damage. It also improves the public image of the company. The company’s current strategy is guided by clear priorities, quality portfolio, and

Nutrition Trends Essay Example | Topics and Well Written Essays - 500 words

Nutrition Trends - Essay Example Taking advantage of this trend companies are coming up with products enriched with amino acids GABA, L-theanine and tryptophan (Helm, 2009). 3. Catnap food: To meet the everyday challenges it is essential to procure healthier sleep at night. For this as many as 30 food products including beverages have been launched that claim to induce sleep, encompassing chocolate and hot cocoa drinks (Helm, 2009). 4. Planetary health: Apart from personal health trend also paves the way for "eco friendly"; "go green" products are being promoted including the kind of packing that has been adopted to have a safe environment (Helm, 2009). 5. Defensive foods & inflammation fighters: Trend implies the inclination for food products that keeps the doctor away and enhance immunity through vitamin C and antioxidants, thereby, promoting foods minimizing the probabilities of chronic illness akin to heart and obesity related issues or diabetes (Helm, 2009). In order to evade the risk of chronic diseases, the Dietary Guidelines for Americans[Dietary Guidelines] affords scientific recommendations to endorse health and to trim down menaces. Repercussions of underprivileged dietary practices and physical sluggishness encompass cardiovascular disease, type 2 diabetes, hypertension, osteoporosis and some cancers. The following guidelines suggested are: 1. Adequate nutrients within calorie needs with least saturated and trans fats, salt, sugar, high cholesterol and alcohol. Depending upon the age and pregnancy conditions the food must be adequately supplemented with vitamins B, C, D, minerals, iron and calcium. 3. Recommended Food Group: Ample of fruits, vegetables, legumes, grains, low fat milk and milk products must be consumed. It is directly correlated with the age. The diet must be low in fat and should be rich in mono- or polyunsaturated fatty acids, the same also holds true for poultry products. The food must comprise ample of carbohydrate and fibres. Sodium

American Indian culture studies research paper Essay

American Indian culture studies research paper - Essay Example The Native Americans way of life and culture is very much adored by most people around the world. Everyone is eager to understand the culture and the nature of people who initially occupied the most powerful country in the world. The Indians greatly influenced the shape and environment of the current America in several ways because they lived and carried out their human activities on the land particularly their habit of shifting seasonal subsistence that was conforming to the changing seasons. Everyone particularly is concerned about the decline of the culture of the American natives. These people clearly shows the evidence of North American life such as the discovery of a hunting lookout in Northern Alaska and the various finely crafted spear points found near Clovis, New Mexico. All these discoveries show the culture and the lifestyle of the first Americans who also believed to be more hospitable and had strong belief in sharing (Teicher 2006, 14). It is unfortunate that some of these traits have been overridden by the contemporary culture. The decline of the Native Americans culture has largely been contributed by assimilation, exploitation and the change of purpose as well as the rich number of alternatives that are assumed to be modern by the contemporary society. Luckily, there are various institutions that have strongly come out to protect and enhance the Native cultures such as the introduction of culturally based education that involve introduction and re-establishment of native language as well as culture. Introduction of cultural based education has been very vital in pres4rvation of the native culture and most tribes with almost over 500 distinct cultures have strived to survive by trying to regain practices that defined them as people. Preservation of the native culture Preservation of the native culture has involved tireless practices such as creation of dictionaries for many tribes, connecting present and the past as well as introduction of tribal colleges and public schools that restore the rich knowledge of different native cultures. Outstanding teaching force has been introduced to the Native Americans and the students have been culturally empowered by making their schools more culturally relevant for them. However, it is still very clear that the Indian continuity and survival is not part of the cultural preservation and continuation (Shaull & Gramann 1998, 49-55). Modern society has greatly influenced the current youth thus leaving them in dilemma. The current young people are not sure of what is best for them because they cannot choose between their native cultures and the current cultures. For instance, in the modern society, a young man may put emphasis on exercising of individual freedom and rights even if it is against the people’s will unlike in the native culture where an individual would look to the extended family and elders for guidance and direction. The group decisions are more important and an individual is required to avoid conflict and be very loyal to the group unlike in the contemporary society where an individual’s independence is more important than the group (Shaull &

Creation of American Tradition Essay Example for Free

Creation of American Tradition Essay Folklore was first utilized by William Thoms, an English antiquarian in 1846, which is defined as a body of expressive culture such as music, tales, dance, oral history, legends, customs, traditions, rituals, popular beliefs, jokes and many more within a specific population comprising the traditions of the culture, group or sub-culture (Georges, 1995). Traditions are standards or principle revered and followed by people from generation to generation which come from a Latin word traditio meaning to’ hand over’ or to ‘hand down’, and is utilized in many ways in the English Language such as customs or beliefs educated by one generation to the other which is often orally, a complex movement in religion composed of church bodies or religious denominations which have common customs, history, culture like in Islam’s Sufi tradition, and lastly, or a set of practices or customs like Christmas traditions ad the likes. Tradition is also defined as a custom, or a practice that is remembered and transferred down from one generation to the other generation and is initially without the necessity for a writing system. Traditions are mostly primeval, deeply essential, and unchangeable, but it may sometimes less normal than is expected, and some traditions were forcibly made for one or another which is often to enhance a certain institution’s importance, and it is also said to be or may also be changed to go with the necessity for the day, and can become accepted as an ancient tradition’s part. Some traditions disappear while some are altered or changed to suit to what is acceptable. Tradition could be conceptualized as repetition across space as well as time (Bronner, 2002). Appropriate to the emergence of a genuine, renewable folklore, the feature of space allowed for an oral tradition that had moved across the landscape, even in one generation, rather than having persisted through many (Bronner, 2002). Rituals are a set of actions which is often thought to have a symbolic value and the routine of which is commonly prescribed by traditions or by a religion of a community by political or religious laws. Rituals may be done on specific occasions, or on regular intervals, or at the judgment of communities or individuals which may be performed by a group, a single individual, or by the whole community in places specially allocated for it such as in private or in public, or before specific persons. Rituals purpose varies and they include satisfaction of emotional or spiritual need of the practitioner, compliance with religious ideals or obligations, strengthening of social bonds, stating one’s affiliation, demonstration of submission or respect, having approval or acceptance for some event, or for the pleasure on the ritual. Rituals are of many kinds and are always a feature of all human societies, including activities that are performed for solid purposes, or even saying hi or hello or hand-shaking. Systems of myth, rituals, feast, sacred customs, games, songs, tales, exist in such profusion that volumes would be required to contain the lore of each separate tribe (Bronner, 2002). As the verbal form used for naming these rituals suggest, which could be translated as the action of the heart, these rituals aim to acquire enhancement in the perception capacities attributed to this organ in order to confront life’s challenges. The most widely distributed rituals mark basic and irreversible turning points in life common to men everywhere. Without distinction of race or creed people everywhere are born, grow maturity, and eventually die. So universally we find birth and naming rituals, rituals marking the attainment of adulthood, weddings and funerals. Here, put at its simplest, we can see the rituals oils the wheels of life as the individual moves through the human life cycle from the cradle to grave (Lewis, 2003). References Bronner, S. J. (2002). FolkNation: Folklore In the Creation of American Tradition. New York: Rowman Littlefield. Georges, R. A. , Jones, M. O. (1995). Folkloristics: An Introduction. New York: Indiana University Press. Lewis, I. M. (2003). Social Cultural Anthropology in Perspective. New York: Transactions Publishers.

Corporate Strategy Analysis Discussion Essay Example for Free

Corporate Strategy Analysis Discussion Essay The Destination CEO videos offered a great insight into the lives of the people that have to run the huge organizations. It seems as if all of them have been faced with a challenge somewhere within their careers. The following paper will discuss the different corporate strategies: growth, stability, and renewal. It will also discuss how each CEO used the planning function of management which are concentration, vertical integration, and diversification. I agreed with my teammates discussions of the CEOs of the companies. We discussed four CEOs: Neville Isdell, Coca-Cola CEO, Gary Kelly, Southwest Airline CEO, Mackey McDonald, VF Corporation CEO, and Anne Mulcahy, Xerox CEO. The corporate strategy that was used by Neville Isdell is growth and the planning function used is diversification. This is due to the fact that he is seeking to branch out by selling non-carbonated beverages. Such as Coca-Cola Black, a coffee and buying all or part of vitamin water from Glasso. The corporate strategies used by Gary Kelly are growth and stability, and planning function of management is concentration. The reason for this is locking up the hedge fund contracts, and keeping cost down. Continuing to fly the same planes (737) so that parts and maintenance are easy is a great strategy. He also promotes treating customers like kings and queens, and employees even better! The corporate strategy used by Mackey McDonald is growth and the planning function is vertical integration and concentration. This is because of the focus on their lifestyle brands, such as Vans and Reef. They avoid getting involved in the high risk fashion brands stayed with the commodity brands. Concentrate more on what the consumer would use every day. The corporate strategy used by Anne Mulcahy is renewal and the planning function is concentration. She took over when Xerox was on the brink of bankruptcy. She had to cut cost to be able to make the company successful. She even had to shut down the division that she herself had started (Destination CEO video). Kathleen McWain wrote, â€Å"Neville Isdell or the Indiana Jones of Coke displayed innovation and commitment to employee morale. Isdell handled flat sales growth, low morale and high turnover with  aggressive globalization. Coca-Cola decided to be a total beverage company introducing Dasani water and Fuze tea. Isdell convinced his board that just because Pepsi had branched into other markets successful Coke needed to go more towards global domination than diversification. Cokes sales are no longer sluggish, moral is high and employee turn over is low. I applaud Gary Kellys fuel hedge fund and that he is keeping Southwest airlines in the black. His flying in coach to experience what his passenger do gives Mr. Kelly a better insight into how his company runs, which I feel really helps him make tough resource allocation calls. That being said I do not think that Mr. Kellys Band-Aid patch of Southwests underfunded, profit destroying, pension plan dealt with the problem. (all pension plans paid after the employee retires are profit destroyers) I think it only delayed the fact that either the pension plan needs to be funded or pensioners must have their pensions reduced. As Southwest is not the only underfunded pension plan in the country. I feel Southwest is waiting to see if another company is successful in reducing pension payments to retirees. I also feel that as soon as a company is successful in either dumping or strongly cutting pensioners pay other companies will follow and it will be like domino falling.† As stated in the introduction, my team wrote the same things about the videos. The CEOs of each company made the same impact on us all. They stories of the CEOs and what they went they endured, and in some cases still enduring, is motivational. I personally would have probably given up by now. However, the most motivational one to me is Anne Mulcahy, because she took a company on the brink of bankruptcy and turned Xerox around into a powerhouse. How awesome is that! References Bateman, T. (2011). Management: Leading and Collaborating in a Competitve World(9th ed.). Retrieved from http//: www.ecampus.phoenix.edu. Destination CEO Videos

The Factors That Affect Global Warming Environmental Sciences Essay

The Factors That Affect Global Warming Environmental Sciences Essay The affects of global warming are vast and spread across and the dangers are several. This paper aims at understanding the factors that affect global warming. A discussion of human impact on global warming has also been made. This will permit to bring out an evaluation strategy to sustain the current situation and to find a strategy to devise a solution for the problem. The Problem: With the growing levels of irresponsible behavior on the part of humans and several other factors, the biggest issue in hand is Global Warming. The term global warming is used to describe the changes, more specifically the increase in the temperature of the Earth. The issue has been studied over several years and one of the major attributes to the issue is the increase in the greenhouse gases (Houghton, 2009). A few facts from the National Geographic show that the World is being faced with this issue and Earth has already begun showing a number of signs in terms of the worldwide climate change. A few of these signs include: According to the NASA Goddard Institute of Space Studies, there has been an increase in the average temperature and since 1880, the average temperatures have raised by 1.4 degrees Fahrenheit. The level of warming has been noted to be increasing to a great extent. As per the National Geographic website, The rate of warming is increasing. The 20th centurys last two decades were the hottest in 400 years and possibly the warmest for several millennia, according to a number of climate studies. And the United Nations Intergovernmental Panel on Climate Change (IPCC) reports that 11 of the past 12 years are among the dozen warmest since 1850 (National Geographic, 2007). The Arctic Circle has been faced with the highest changes. The average temperatures in regions like Alaska, Canada and Easter Russia has risen to an extent almost double of the global average. Also, studies have shown that the Arctic ice has been disappearing and the region is expected to have an ice free summer by 2040 or earlier. The various glaciers and mountain snow have also been impacted by the global warming and one of the best examples for this is that Montanas Glacier National park now has only about 27 glaciers when compared to 150 in 1910 (National Geographic, 2007). Experts have also pointed that an upsurge in extreme climate events like wildfires, heat waves and also strong tropical storms are major contributors to the climate changes. The world famous Coral Reefs have also been affected because of the high temperatures. The Coral Reefs are highly sensitive to the slightest changes in the water temperature and the increase in temperatures has led to bleaching, and even die off of this beautiful formation (Houghton, 2009). Factors Affecting Global Warming: There have been several factors that affect the global warming. Under normal circumstances the process that is occurs as explained by Environment Canada is that, under normal circumstances, the Earth intercepts radiations from the sun. These radiations are the ones that help derive the climate and the weather of the Earth. What normally happens is that one third of the radiations are reflected back into space, while the rest of it is absorbed by the various forms of life, land, ice and the atmosphere. Furthermore the Earth re radiates several long waves of radiation which are sent out into space. Of these a part of it is absorbed as energy while the rest is left into space. This remission is referred to as Greenhouse Effect (Environment Canada, 2010). It is necessary for Earth to be able to maintain a balance between the amounts of radiation that is outgoing versus the amount of solar energy incoming. Any change in this balance can lead to the process of global warming (Singer Avery , 2007). Another factor that has also been explained by the Environment Canada is the changes that have been noted in the Earths Orbit. The changes in the orbit leads to changes in the amount of energy received on earth, and there is also a direct impact on the energy that is absorbed and reflected as well. Also another essential factor that affects the global warming is the aerosols. Environment Canada has explained this factor as, these are fine particles and droplets that are small enough to remain suspended in the atmosphere for considerable periods of time.   They both reflect and absorb incoming solar radiation.   Changing the type and quantity of aerosols in the atmosphere affects the amount of solar energy reflected or absorbed (Environment Canada, 2010). Global Warming: Human Impact: Several studies over the years by numerous scientists across over 130 countries have led to the conclusion that almost all or major part of the global warming is due to humans. The global warming that is caused due to humans is referred to as anthropogenic climate change. There are several things that humans have done which have led to the situation of global warming. Some of these include factors like industrialization, deforestation, and pollution which have impacted the levels of water vapor, carbon di oxide, methane gas, and also nitrous oxide. This leads the greenhouse gases to be a trapped near the Earths surface thereby making the level of heat much higher (Singer Avery, 2007). Also, it is seen that humans have poured in higher levels of carbon di oxide into the atmosphere compared to that which can be absorbed by the plants and oceans. It is also essential to note that Carbon di oxide takes as much as 100 years to be absorbed into space, hence with the levels of this gas that is being emitted there are very low chances of stopping global warming immediately (Environment Canada, 2010). Experts have also pointed out that the orbital shifts that have taken place over the past hundred years are normally one which would take at least centuries to occur. This increases the possibility of the heating and cooling of the earth. Evaluation of Strategies: In the current period several experts and channels like National Geographic try to explain to the general public the several ways that they can help improve the world and help save the planet. Things like using more eco friendly items, eating organic foods, changing to become vegetarians to help reduce the harmful gases are emitted into the atmosphere. The experts also suggest using different types of products to help reduce the emission of harmful elements into the atmosphere and thereby assist in sustaining the earths heat at the current level. However irrespective of how much the governments or the experts have tried the conscious efforts to help reduce the emission of harmful elements, yet the rate at which the emission of harmful gases have been present is quite high (Singer Avery, 2007). The governments and the society together will need to work hand in hand to save the world and to at least be able to retain the world at the current level. In order to be able to develop a pla n which might help increase the awareness among all the people in the world a brief sustainability plan has been designed. Sustainability Plan: Action Items Action Steps Timeline Conduct a thorough research of the effects of global warming and how the daily activities affect global warming Several journals, articles, and websites need to be analyzed and studied. The main causes for global warming can be listed based on this. Furthermore, surveys can be conducted and details of the possible daily activities can be made to bring out the activities that affect and contribute to the global warming. 2 3 month Develop a plan to encourage and raise the awareness among people across the world A presentation can be made to provide population with a detailed understanding of what causes global warming, the effects of global warming and how each individual can individual can help reduce the contribution of harmful chemicals and harmful gases as well. 1 1.5 Month Distribute and extend the knowledge to all A copy of the presentation can be sent out to various organizations which will in fact allow the knowledge to be spread across the countries. Distribute a copy of the presentation across the country to as many colleges, universities, movie theatres, industries, manufacturing companies, offices, schools. The movie theatres can play the presentation before every movies and this will help at least reach out to a small set of people worldwide. 3 month Evaluation of Plan: The above mentioned plan might sound outrageous and very demanding and expensive; however it will allow the people across the world to be aware of the various problems and issues that are being faced due to being ignorant or simply not aware. Using a presentation to be sent out slowly to all countries and the presentations to be distributed within each country will help in reaching out to a major part of the population. The main benefits of the plan is that it will help build awareness and will also help in changes simple things in the daily routine that can assist with doing the bit to help prevent global warming. Also playing the presentation in schools and colleges and movies will help the younger generation be more aware of what they do and also assist in correcting the mistakes of not only themselves but also those around them. Required Support: Global warming is a global issue and it is not one which will affect only a few countries. If we aim at saving out planet, it is essential that a form of unity and commitment is formed within each one of us and a form of unity among countries is also essential. The support of the government is necessary here to help ensure that countries can have cordial and helping nature so that we can also work together to resolve this issue. Similar to how the entire world is ready to take up a new technology and enjoy the benefits, it is necessary that the world works together to build a safer planet (Spencer, 2010). Companies can help by passing the message, governments can help by keeping cordial relations with other countries, so we can help one another in times of difficulties. Most importantly, it is up to each individual on the planet to their bit to help reduce the emission of the gases and prevent global warming. The world is our own, and irrespective of which country we belong, or which religion we belong, we need to understand that ignorance or not taking up responsibility is not an answer here and we all lose if global warming continues to grow as it is currently.

Biography of Emily Dickinson :: essays research papers

Biography Text One of the finest lyric poets in the English language, the American poet Emily Dickinson (1830-1886) was a keen observer of nature and a wise interpreter of human passion. Her family and friends published most of her work posthumously. American poetry in the 19th century was rich and varied, ranging from the symbolic fantasies of Edgar Allan Poe through the moralistic quatrains of Henry Wadsworth Longfellow to the revolutionary free verse of Walt Whitman. In the privacy of her study Emily Dickinson developed her own forms and pursued her own visions, oblivious of literary fashions and unconcerned with the changing national literature. If she was influenced at all by other writers, they were John Keats, Ralph Waldo Emerson, Robert and Elizabeth Barrett Browning, Isaac Watts (his hymns), and the biblical prophets. Dickinson was born on Dec. 10, 1830, in Amherst, Mass., the eldest daughter of Edward Dickinson, a successful lawyer, member of Congress, and for many years treasurer of..... Extended Biography Text To be a poet was the sole ambition of Emily Dickinson. She achieved what she called her immortality by total commitment to the task, allowing nothing to deter her or intervene. Contrary to the myth that she would not deign to publish her verse, she made herculean efforts to reach out to a world that was not ready for the poems she offered; her manner and form were fifty years ahead of her time. The lines from James Russell Lowell's poem "The First Snowfall" are typical of popular taste in Dickinson's time; compare them with ones immediately following by Dickinson on the same subject (poem 311): The snow had begun in the gloaming, Had been heaping field and highway With a silence deep and white. Every pine and fir and hemlock Wore ermine too dear for an earl, And the poorest twig on the elm-tree Was ridged inch deep with pearl. From sheds new-roofed with Carrara Came Chanticleer's muffled crow, The stiff rails were softened to swan's down, And still fluttered down the snow. 1 stood and watched by the window The noiseless work of the sky, And the sudden flurried of snow-birds,

The Message in John Miltons Paradise Lost :: free essay writer

Paradise Lost is an epic of epic proportions! It chronologs the designs of Satan, the fall of the angels, the creation and subsequent fall of man from paradise, and finally ends with some hope for a paradise regained. At first glance it seems to be two epics rolled into one. The book begins right away introducing us to the would be protagonist, Satan, up against an indominable force, God. We are made to sympathise with Satan's plight and almost admire him or hope for his success. There is a certain excitement and allure to Satan and even to Hell. But, quickly our hero begans to degenerate right before our eyes in book III with the introduction of God and Christ. The focus on Satan seems to be all but abandoned with the introduction of man, and now Satan only plays a sinister role in a new story centered around our greatest ancestor, Adam. We are painfully reminded of our initial affiliation with Satan and his doomed aspirations when Rapheal recounts the war in heaven in book VI. It seems the first epic revolving around Satan was over before it was started, and now our would be underdog threatens us by threatening our new protagonist in Adam. The brief warnings of Raphael are not enough to preserve paradise and save Adam & Eve from the vengence of the Devil. It seems our hero is destined to ruin once again, but this time there is hope. Man turns out to be more repentant than Satan, and God turns out to be a little more leniant to man. Adam and Eve are still banished from Paradise but the oppurtunity for inner paradise is still offered before them by the angel Michael. Which leads me to my comment earlier about Paradise Lost seeming like two epics (the plight of Satan and then that of man). But, really Paradise Lost is like three epics, because there is a third story, that of the reader. Milton paints the characters with such a humanity that they all become real people and not just the entities of some Sunday school lesson. Because of this, we find ourselves initially enamoured with Satan and his "heroic" aspirations, but quickly we get slapped on the hand by our hero's destruction. Then we are taken by the arguments of Eve & Adam and are made to question some of God's actions when it comes to informing them and protecting them, so we then go through the fall with them.

Evolution Within a People in A Dolls House and An Enemy of the People

Evolution Within a People in A Doll's House and An Enemy of the People by Henrik Ibsen In all cultures it is easy to see the effects of change. Change can be a revolution, a new form of thought, or a new idea surfacing. No matter what these changes are, they often emerge from the minority. In several cases this results an uprising, turning the social system on end. Simple examples of this type of change can be seen in the French or American revolutions, and even in the hippie movement of the 1960's. These changes depict how an idea shared only by a select few can snowball into the mindset of thousands. Within A Doll's House and An Enemy of the People, Henrick Ibsen shows his standpoint on the benefits of social change, and evolution within a people. A Doll?s House presents a revolutionary change for Norway in the 1880?s. During this time period women were seen as second or even third class citizens, and though numerically this is not true, a minority . Ibsen presents his character Nora as a plaything, sorely manipulated by the men in her life. As the play pro...

Cultural Schock

Sabrina Monforte Essay 2 Critical analysis ‘To what extend are you convinced by Tange’s (2005) position regarding cultural adaptation? ’ Regarding the topic of cultural adaptation there are many theories. This essay, essentially, will analyse in depth the opinion of a Professor in the Department of Language and Business communication – Hanne Tange – , whos major is inside the field of Intercultural communication, in opposite cultural and shock adaptation proposed by Sverre Lysgaard in 1995. At first, Tange illustrates in her article ‘In a cultural No Man’s Land – or, how long does ulture shock last? ’ the meaning of sojourn, a key word in her study, to understand that it represents a short stay in another country, usually between a couple of months and a few years, to conduct an international project or a general work in order to expanded the company’s view over the world, in order to gain a greater successful income for it. However, cultural shock has not been analysed from both sides, Tange’s and Lysgaard, because of the fact that Tange’s has been too subjective by taking in consideration this theme. So that, I can not be extended to one of those theories.Anyway, let’s introduce the argument by saying that cultural adaptation is relevant to employees to gain the maximum result from their tasks. During their stay, in the host country, so that they can acquire international competence to benefit their enterprises. According to Tange, to gain the best from a sojourn it is important that also the company should be involved in all the process of adaptation, by following the sojourn, and not to leave the employee on his own. So that the gain of high international qualified skills, can be elaborated as resources for international business.But Tangle introduces the definition of another author by saying that, ‘the process of acculturation rarely moves beyond the level of on stage culture’ (Varner and Beamer 2005: 3), which starts during the process of involvement at the beginning in their own country and it ends there. However, to support the conception of cultural adaptation beyond their own national borders, there are two quite distinct approaches: Lysgasrd’s and Tange’s model. According to Lysgard’s model which is related to the 50’s, cultural adaptation follows a U shape curve. Indeed, ‘at the beginning of the stage, adjustment is felt o be easy; than follows a ‘crisis’ in which one feels less well adjusted, somewhat lonely and unhappy; finally one begins to feel better adjusted again, becoming more integrated into the foreign community’ ( Lysgaard cited in Tange, 2005). To arrive at this explanation, one survey has been conducted by analysing Norwegians visitingThe United States of America. On the other hand, against the previous theory, we have Tange who states that cross cultural adapt ation is divided in three steps: arrival, two years crisis, intercultural stage. In this case, the finding into the research of ‘intercultural business communication benefit rom a qualitative method development in the anthropology and ethnology’ ( Tangle, 2005). Furthermore, to make this survey more reliable, she has taken seven people which they had to move from Scotland to Denmark, aged between 25 and 44 years old, and she has assessed the interviewees through an informal dialogue. Due to this reason it is hardly to think that her methodology can be thought reliable, because of the lowest number of interviewees. It is reasonable to ‘distinguish between the concept of sojourners and immigrants’ (Tangle, 2005).Tangle refers to Stella Ting-Toomey to explain that the main differences are more ased on a intercultural encounter rather then the natural experience of itself. This is due to the reason of a different point of view. Immigrants are more likely to be stressed and this lead to an expectation of a permanent residence, which can be obtained by the Government only by following some standard roules, for instance, having a permanent job, staying in the same country for a couple of years without leaving it, receiving a good income. On the other hand, sojourners are also stressed; however, they do not need to stay for all their life in the host country, ut the duration of the residence it is subject to the contract with their own company. Anyway they can feel anxious in the second stage, according to Tangle’s method, as a reaction of being far away from their country, and this is equivalent to: homesickness, and more in detail means missing – family, friends, their own culture -. In addition to that consequence, ‘they experience also mild identity dislocation, disorientation and loneliness’ ( Ting-Toomey 1999: 248). Although this is the second stage, the first one and the last one are quite similar to each oth er from the aspect of feelings.The interviewees showed an exited and relaxed attitude. It seems that the arrival stage consists of cultural assimilation, which refers to new exiting social networks, thus they feel emotionally charged up and curious about the new culture. While the third stage is blurred for the interviewees, because under this stage everything is absorbed at the subconscious level and are unlikely to show in a quantitative survey. But we can state that as they gain an inside perspective on their new culture, the frustration might be tail-off but for someone is totally erased.For example, upon their return to the home country, they might find deviation between their own natural behaviour and their behavioural patterns, and it is unlikely to settle into their old way. In outlining the result from the survey, we can highlight the fact that most of the employees have been sent home, when they had the right feeling to use their intercultural skills to benefit their enter prise. According to Tange’s, it is mainly advisable to extend sojourns over three years to strengthen the company’s position in a particular market abroad.At the opposite side, Tange suggests that Lysgaaed’s model of the culture shock is not clear and fails to account for cultural overlapping. Whereas she sustains: ‘Tangle model is based on a simplified version of reality’ (Tangle, 2005). However that may be, dare I say that even if Tangle is approaching to the topic using a qualitative method, which is useful to measure something compared to real-life situation, the weakness aspect is that the interviewees analysed are concentrated. Thereof, we can add that the way putting the article is too subjective and she did not nalyse in depth Lysgaard model. In conclusion, notwithstanding what Tangle thinks about Lysgaard strategy, it could be also valuable if analysed.By evaluating the article, the strength is the duration of the survey taken from the empl oyees settled down in the host country, and moreover it is written in an understandable way for a general audience, even if it might be written for big companies with subsidiaries branches. Tangle gained her aim by combining theories of sojourner adaptation with qualitative results but without countering her arguments. In fact, it is reasonable to imagine hat the article and the survey are clashing. Taking over that, I would suggest, HR of big companies have to invest in personnel development for a cultural overview, to prepare them and push trough the stationing overseas in a reasonable way. Thereof, it is relevant that during the training and the sojourn, all the employees are accompanied by their partners, who can help them settle into their new place and to let them facing what they are going to expect. An also, HR have to send employees in another country within their same cultural region, so that they are likely to feel more relaxed.Tangle survey could be hold in a different w ay by taking also other resources. 1200 words References Lysgaard S. , 1995. â€Å" Adjustment in a foreign society: Norwegian Fulbright Grantees Visiting The United States† in International Social Science Bulletin 7: 45-51. Tange H. , 2005, ‘In a cultural No Man’s Land – or, how long does culture shock last? ’, Journal of Intercultural Communication, issue 10. Ting-Tomey S. , 1999. Communication Across Cultures. New York: The Guliford Press. Varner, I. and L. Beamer, 2005. Intercultural Communication in the Global Workplace. 3rd ed. Boston: McGraw-Hill.

Group Roles and the Nursing Process

The learning process in health care had revolutionized through time. Consequently, electronic communication and data storage have become critical in health care. Nursing education has been in demand for the past years and increasing dynamically in this aging world. Thus, the proper training and attitude must be inculcated from nursing students to registered nurses. Under nursing guidelines, there are six recognized phases of the nursing process. These are data collection or assessment, diagnosis, identification of goals or desired outcomes, planning of interventions, implementation of treatment and care, and evaluation. Each step is important to be accomplished accurately and properly since we’re dealing with human health, a human life. Each of these phases usually has additional steps. For example, diagnosis implies interpreting data, relating data to other data, formulating hypotheses, determining additional data needed to test hypotheses, and so on. The data collection or assessment is the systematic gathering of information about the strengths and weaknesses of the patient. These include objective and subjective data. The objective data are the ones observed by the nurse herself while subjective data are those observed by the patient or his relatives and friends. The nursing diagnosis is the description of the patient’s health status, which contains the etiology and defining characteristics of the patient’s disease. In identification of goals or outcomes, it must be patient-centered, realistic, specific and measurable even in a limited time. A careful planning of the interventions that will be done must be considered. These interventions might be initiated by the nurse herself, the physician, or other provider in the health care team. The implementation of the treatment and care is a part of intervention already and this must coincide to the set of goals or expected outcomes. An evaluation must be done to assess if the goal was met. If not, identify the possible steps or decisions that hinder in the achievement of such goal and learn from it. With such complex nursing process, cautious division of duties must be planned and done for process optimization. Hence, group role is a common practice in actual nursing duties. The responsibility is given based on the individual’s familiarity of the work and confidence in handling such work. It also requires accepting responsibly a variety of group roles, participating actively on the clinical rotation’s plan, staying on task, respecting different ideas, and disagreeing to ideas and not to the person whenever necessary. It is then relevant to know how to socially interact in a nursing environment. The usual group roles in such environment are manager, recorder or checker, skeptic, and energizer or summarizer. As a manager of the nursing team on a given shift, you must keep your team on track, direct them of the steps for completion of the tasks, and make sure everyone participates. As a recorder, act as a scribe for the team and make sure everyone agreed on the plans and actions being discussed. As a skeptic, help the team to avoid coming into agreement quickly and make sure all possibilities have been explored. Try to give alternative ideas too to make sure goals are achieved and well-polished. As an energizer, uplift the spirit of the team when things go low especially in cases where there are tough or vital patients. Summarize also what has been discussed and concluded by the team. The time must also be considered when assuming group roles in accomplishing each phase of the nursing process. Since human life is crucial and imperative, each second you lose or you waste is also the same second you will never get back. Just think about it. It could have weaved another chance or a longer chance for the patient to stay with his loved ones. References Goossen, W. T. F. , Ozbolt, J. G. , Coenen, A. , Park, H. , Mead, C. ,Ehnfors, M. , and Marin, H. F. 2004) Development of a Provisional Domain Model for the Nursing Process for Use within the Health Level 7 Reference Information Model. Journal of American Medical Informatics Association [Internet]. May–June, 11(3), pp. 186–194. Available from: [Accessed 20 January 2007]. Joubert, T. (n. d. ) Roles and social interaction. Hagar [Internet]. Available from: [Accessed 20 January 2007]. Mount Mercy College. (n. d. ) Nursing process guidelines [Internet]. Version 8. 19. 1. Iowa, MMC. Available from: [Accessed 20 January 2007].

Psychology Paper on Pain

Pain Veronica Tran Essay #1 Psy 1 (#48954) Pain Everyone everywhere will experience pain; whether it is everyday or once a week. Paper cuts, pinches, or even simply jamming your fingers between your door, are all painful accidents. Pain is the undesirable feeling; the red alert which signals our attention to something unfavorable happening to our bodies. Our bodies can detect pain by nocioceptors. Nocioceptors are special nerve receptors designed for stimuli that are encountered as painful (Benjamin B. Lahey, 2009). There are two significant pathways these neural pain messages travel to our brain; fast and slow.The fast and slow pathways are the reason why our bodies endure pain at different times. The first experience would be a noticeable short pain, and realization of what’s going on. The second experience is an extended painful sensation. An example of the pathways combined would be dropping a 15lb weight on your foot. First sensation would quickly make u move that weight off and then stare at your foot. The second would make you land on the floor holding your foot while screaming. We experience these divided painful sensations for two reasons.Both experiences are on two different paths with two different speeds to our brains. The neurons are thicker, covered in myelin in the fast path making the movement quick. The slow pathway consists of smaller neurons, no myelin, and in result makes the transmission slow. Reason number two, both pathways go through different parts in our brains. The fast neural pathway moves through our thalamus and to the matosensory area. The matosensory area is located in the parietal lobe of the brains cerebral cortex. It receives and translates the sensory information from our skin and body.Which is how we are capable of locating where and what is happening to our bodies. The matosensory area locates the action but is not responsible for our emotional reactions to pain. Information moving on the slow pathway travels to the limbic system. The limbic system is where we feel the emotional experience to the pain that is happening. The gate-control theory of pain was conducted by Psychologist Ronald Melzack. The theory was that in the brain stem, a matrix of neurons regulates the circulation of impulses from the nocioceptors to the cerebral cortex.Messages from the body’s receptors go to the brain and through the brain stem. The â€Å"pain gates† is the area where the slow pain neural fibers pass. The gates in the brain stem can either be opened or closed. This really means this has part in making us more or less sensitive to the activation of the nocioceptors. When â€Å"opened† the gates can allow more slow-pain neural transmission on to the slow path to the limbic system. Therefore our emotional experience to the pain lasts longer. The gates can also be â€Å"closed†; that is less transmission of slow pain impulses, in result less pain.Fast pathway does not travel through the gates, but cannot be blocked. Endorphins signal the gates to close, preventing pain message from reaching the brain. Cancer can develop pain all on its own because it is cancer. The main cause of pain in cancer is the growing or destroying tissue near or on the cancer infected area. Cancer pain can come from where the cancer had developed. Or other areas spread around the body where the cancer had traveled. During the time when the tumor matures, it can begin to hit nerves, bones, or other organs causing physical pain to the patient.Not only can cancer be painful physically to the body, but it can also cause pain chemically. Chemicals they secrete into the region of the tumor can cause pain. Not everyone diagnosed with cancer experiences pain, usually one out of 3 cancer patients going through treatment does (Timothy Moynihan, 2010). Pain concerning cancer always depends on what type of cancer the patient is diagnosed with. Those who have advanced cancer; that is cancer that has sp read or reoccurred, unfortunately have a higher chance of experiencing the pain within cancer.Cancer treatments also take a toll on pain towards the patient. Chemotherapy, radiation, and also surgery are some sources of cancer pain. Cancer surgery usually results in painful long sessions that often take time to recover. Burning sensations and sometimes painful scars are left behind after radial treatments. If undergoing chemotherapy, painful side effects may include mouth sores, diarrhea, and even damaging to the nerves. Diet and nutrition are one of many ways to cope with pain. Medical doctors and physicians have pondered on why people suffer from pain.The solution to their problems is the one answer that have been ignored; simple diet and nutrition. Our bodies are capable of healing and repairing itself when given the opportunity to do so (Harvey Diamond, 2005). A struggle for most people in our world today is learning how to cope pain. Such struggle can result in performance at w ork. Not being able to cope can affect not only your career but also your personal life as in your family and friends. Even those who have long been cured from an illness still struggle with pain.Physical and psychological treatment can be done to help those in chronic pain such as heat and ice. This method consists of either using hot towels or cold packages over the area of pain. Though it does not make the pain magically disappear, it does relieve pain for hours. Acupuncture is an ancient eastern form of pain relief some still use today. The needles are carefully placed into nerve endings; releasing endorphins from the nerves. Like acupuncture; massage therapy helps enhance blood flow throughout the body.Loosening knots in the muscles that create the body to become tense and are now at ease. There are many ways to cope with pain without the usage of drugs and surgeries.References Benjamin, B. , Lahey, (2009). Sensation and Perception, Psychology an introduction Timothy Moynihan, (2010). Cancer Pain: Relief is possible. Retrieved from http://www. mayoclinic. com/health/cancer-pain/CA00021 Harvey Diamond, (2005). Methods of Dealing with pain. Retrieved from http://www. bestsyndication. com/2005/A-H/DIAMOND-Harvey/080905-Pain-free-life. htm