Homosexuality Is A Form Of Emotional, Romantic, And Sexual...

As one of the many sexual orientations, homosexuality is a form of emotional, romantic, and sexual attraction that is primarily or exclusively to people of the same sex. Homosexuality is a fairly recent phenomenon in the twenty-first century; in fact, this sexual orientation has significantly increased but there is no precise way to estimate the exact numbers due to people not openly identifying as such due to homophobia (which, in everyday use, is the fear of homosexuals) and homobigotry (intolerance of different sexual orientations). Even though homosexual relations have been recognized, condemnation has also occurred and recent legislation has restricted much of the homosexual community in the West. To a considerate sum of the overall population, homosexuality is viewed as immoral and law codes rule against recognizing homosexuality as a norm. I intend to argue that, against popular belief, homosexuality is not immoral. I will show that there is no stable argument that such a sta tement against homosexuals is founded and instead, those who think otherwise is basing their opinion on arbitrary beliefs. If one accepts this theory, one would agree that â€Å"interference with nature is not evil in itself; Nature must be tamed† (Leiser 701). Humans alter nature purposefully; for example, gathering natural materials to create medicine, clothing, and technology. If we were to leave nature to its devices and chose not to utilize our reason and human will, we would be swamped withShow MoreRelatedMy Views On Sexuality And Its Effect On The Representation Of Masculinity1237 Words   |  5 PagesMemories of Same-Sex Attraction was one of these, although I enjoyed the stories and concepts he brought forward. What I missed, however, was an emphasis on the concept of attraction on multiple levels that extend beyond sexuality and a stronger discussion of the reoccurring traits seen in gay male youth. I know we’ll be touching on homosexuality and masculinity later in the semester, so I will try to avoid breaking into that. Instead I will focus my interests in the idea of attraction s and what effectsRead MoreEssay about Sexual Ethics: Gay Marriage Should Not Be Allowed1343 Words   |  6 Pagestopic of homosexuality and whether it is morally acceptable or unacceptable is brought up on a daily occurrence. Many individuals believe that homosexuality is a problem and ceremonies such as gay marriage should not be allowed. However, what is it that makes homosexuality considered wrong? Critics argue that homosexuality goes against the Bible—the word of God—and is immoral. The issue of homosexuality, however, is argued further when considering the topic of sexual ethics; homosexuality is not theRead MoreHomosexuality1131 Words   |  5 Pagesï » ¿Kiuana Ingram Ms. Lemons English IV Period 6 18 November 2013 Homosexuality Homosexuality is the sexual orientation toward people of the same sex. Female homosexuals are referred to as Lesbians. Years ago, the term gay has been applied to both homosexual women and men. The potential for homosexual behavior appears to be a basic part of human sexuality, since many people experience homosexual interest, curiosity, or activity at some point in their lives. Homosexual behavior has also beenRead MoreGay Marriage And Its Slow Progression Of Acceptance1441 Words   |  6 Pagesand prominent theme in society as more time passes. According to the American Psychological Association, sexual orientation refers to the sex or sexual interest to whom one is sexually and romantically attracted to. Heterosexuality, homosexuality and bisexuality are the three mostly familiar categories of sexual orientation for a typical person, and these sexualities make up for 98.9% of the sexual orientation among American adults (Ward 1, et al). But what about the other 1.1% of sexualiti es? WhileRead MoreThe Use Of Identity Experimentation By Robert Graves1748 Words   |  7 Pages1. Homosexuality is illegal in over seventy-five countries all over the world. I personally grew up thinking I was a mistake for being attracted to girls, and as a direct result of institutionalized homophobia, I suffer through countless micro-aggressions every day. When Robert Graves was my age, he survived similar emotional trials due to being attracted to boys in the brutal British boarding school environment, which is difficult—if not impossible—to recover from. Today, however, he is known insteadRead MoreCommon Sense Explanations And The Explanations Of C. Wright Mills Theory Of The Sociological Imagination1534 Words   |  7 Pagessexuality to be an umbrella term for various features, including sexual orientation, sexual activity, masculinity/femininity and gender roles. Each of which will be looked at in this essay in order to explore the topic of sexuality in rela tion to common sense and the Sociological Imagination. Sexual orientation is commonly viewed as the term to describe an individual’s attraction for others; who they want to have sex with. This sexual attraction is what’s commonly considered to be the representative ofRead MoreThe Issue Of Sexual Orientation1090 Words   |  5 Pagesregarding sexual orientation is vast, and a lot of different definitions of the concept have been introduced throughout time. Nevertheless, although homosexuality is fairly common in the United States, many people still misunderstand it. The different types of sexual orientations and their difference from other sexual-related terms, such as gender role and gender identity, are all confused by the general population. Sadly, even today, there are people that believe in a right or wrong sexual orientationRead MoreThe Vairety of Orientation, Preferences and Identities2150 Words   |  9 Pagesblending. Individuals who experience sexual attraction, most of the time their sexual orientation and roma ntic orientation are often in alignment. Romantic orientation being a person’s romantic and emotional attraction based on gender and sexual orientation being the sexual attraction of a person based on gender. To better, understand the different variations of orientation look at Figure 1. the Y-axis represents sexual feeling, with â€Å"1† having the most sexual feeling and â€Å"0† having none. The X-axisRead MoreGay Marriage Should Be Legal And The Normalization Of Homosexuality1422 Words   |  6 Pagesachieving their goal and legalizing gay marriage. However despite gay marriage becoming legal and the normalization of homosexuality, the LGBQT community continues to face scrutiny over their lifestyle. I will be talking about the various conflicts the community faced in the past and continues to face in the present. And the various sociological concepts that links as to why homosexuality is seen by society as deviance , such as the Functionalist perspective and Socialization. According to the AmericanRead MoreThe Debate On Homosexuality And Homosexuality1229 Words   |  5 PagesPaper Christian Ethics October 20, 2014 Homosexuality Homosexuality is defined as, the sexual or romantic attraction to members of the same gender. A male who practices homosexuality is known as being gay. The word ‘gay’ did not originally have any connection to a sexual connotation. In fact, the word was originally express feelings of happiness or carefree attitude. It was not until the twentieth century that people used the term gay to indicate a sexual orientation. Opposite of males, female homosexuals

Fine Art Programs Should Be Banned - 1581 Words

â€Å"Funds have been cut in more than 80 percent of U.S. school districts since 2008. The very first programs to go are often disciplines such as music, art and foreign language.† This is a shocking amount of fine art programs that are being cut out of the schools in America. It is often argued that fine art programs should be eliminated because of ‘inappropriate’ content in some plays, people believe that artists are more involved in scandals, and believe musicians are more likely to get involved with gambling and are more likely to be unreliable. Nevertheless fine art programs in schools should continue to be funded in schools because all fine art programs come with their own benefits both inside and outside of the classroom that will help kids become better people in their lives. The ways that these fine art programs can help students are shown through three fine art programs drama, art, and musical education because all of these have positive effects that can help children grow and learn. Some drama classes in schools are being elminated because critics say, â€Å"The plays had references drinking† (Huffingtonpost.com 2). This shows that some plays have a more mature theme, but that should not mean that the whole drama program should be eliminated in the whole school. This is shown when American Alliance For Theater Education says, â€Å"Students considered to be at high risk for dropping out of high school cite drama and other arts classes as their motivations for staying inShow MoreRelatedAnalysis Of Stephen Chbosky s The Catcher Rye And F. Scott Fitzgerald And Tennessee Williams1460 Words   |  6 PagesPittsburgh, Pennsylvania on January 25,1970. â€Å"He is the son Lea, a taxpayer, and Fred B Chbosky, a steel company executive and consultants to CFO’s†. Stephen went to the University of South Carolina and received his bachelor s degree in Fine Arts in the film writing program of 1992. He was Stephen was greatly influenced by J. D. Salin ger s novels â€Å"The Catcher in The Rye†and F. Scott Fitzgerald and Tennessee Williams. â€Å"Elizabeth Thompson said in Stephen Biography that†He married Liz Chbosky on SeptemberRead MoreEssay about We Should NOT Censor Internet Pornography1331 Words   |  6 Pagesparticularly concerned with the social effects of online pornography and its effect on the values and morals of minors who can access pornographic images. I will argue for the liberal side and argue that porn in both print form and electronic form should be constitutionally protected. The major piece of legislation that would infringe on the rights of Internet users was the Communications Decency Act (CDA) of 1996. The CDA labeled the transmission of obscene, lewd, lascivious, filthy, indecent,Read More Censorship in the Classroom Essay2774 Words   |  12 Pagescensorship, we must first define censorship, who does the censoring, and why. These will be the first three spotlights for looking at the language of censorship. Then, we will look at how teachers, especially teachers of literature and the language arts are affected by censorship. Finally, we will preview how censorship can be taught in the classroom, to prevent some of tomorrows censorship cases. I never knew a girl who was ruined by a book. * James Walker (Quotations, 1997, 2). Read MoreRecognition of Same Sex Marriage1592 Words   |  7 PagesTennessee. If another state or foreign jurisdiction issues a license for persons to marry and if such marriage is prohibited in this state by the provisions of this section, then the marriage shall be void and unenforceable in this state.† (Tenn. Const. Art. 1 Sect. 18) If Oliver and Erik were to accept this job offer, the couple would not be able to engage in all of the privileges of marriage making them the â€Å"have-nots†. Olivia and Edward, on the other hand, can engage in those privileges because theirRead MoreThe Banning Of Movies On Lgbt, Religion, Laws, And History1532 Words   |  7 Pages The recent banning of movies with the reason of them containing homosexual contents have started a wave of ridicule of authorities and their justification. Over the years, several movies were banned in the United States for the same reason as well. Such examples include American Beauty, But I’m a Cheerleader, Rent, Brokeback Mountain, and Bruno. Besides movies, anything and everything else on the media have been closely monitored by the authorities. Authorities in certain countries, especiallyRead MoreFood : A Large Part Of Food1458 Words   |  6 Pageslot of great governmental policies in place, and naturally, there are some not every one agrees with, however, there are vital areas that go almost completely unregulated —like the food and agriculture industries. For obvious reasons the government should not be able to impose laws stating what people can and can not consume,and if there is someone out there who wants to consume McDonalds every day for the rest of his life, then have at it. There has been a lot of light shed on how our food is grownRead MoreThe s Office Of Justice Program1481 Words   |  6 Pagesto launch verbal attacks against unwilling victims. In 2009, the Department of Justice defined stalking as a course of conduct directed at a specific person that would cause a reasonable person to feel fear.† In 2102, the DOJ’s Office of Justice Program released a report written by Shannan Catalano, Ph.D., BJS Statistician, titled â€Å"Stalking Victims in the United States,† which said about 3.3 million individuals who were over the age of 18, were a victim of some form of stalking between 2005 and 2006Read MoreResearch Paper and Argument Topics4449 Words   |  18 Pages†¢ †¢ †¢ †¢ †¢ Should racial profiling be a legitimate law enforcement policy in some areas? Should Affirmative Action for state university enrollment be continued? Should the primary method of public school funding (property taxes in individual school districts) be amended to create more fairness in schools? If a university offers African-American Studies or Black Studies as courses, should it also offer European-America n Studies or White Studies? How do certain television programs perpetuateRead MoreAffirmative Action As A Blender, Creating Equality For All People2610 Words   |  11 Pagesinstitutions, the FCC must ensure that minority- and women-owned businesses have opportunity to participate in providing spectrum-based services, the Department of Energy works to achieve five percent of total funds used to carry out national security programs be allocated to minority businesses and institutions, the Department of Transportation requires that not less than ten percent of funds appropriated under the Intermodal Surface Transportation Efficiency Act of 1991 be expended on small and minorityRead MoreChanges in Iran After the Islamic Revolution2702 Words   |  11 Pagesreorganizing the country with president Bani Sadr. One of the first laws passed were that women should cover their head in accordance with Muslim faith. Satrapi says that â€Å"then came 1980: the year it became obligatory to wear the veil at school.† (Sartrapi, P. 3) Cafes were shut down and weddings could no longer be carried out in public. Women and men could no longer interact freely in a social environment. Men were banned from wearing short sleeves and shirts. Breaking these laws led to arrest. Young men

Sociological Imagination Essay - 865 Words

From The Sociological Imagination by C. Wright Mills addresses a distinction between personal troubles and public issues. Mills uses specific examples like unemployment and societal development. Mills explains the ability to connect the individual problems with societal problems. Throughout the text, we can see how Mills uses the perspective of an individual to explain the perspective of society and vice versa. Using sociological imagination, I will explain how education is influenced by society and history, and how there is positive and negative lessons to be taken out of The Sociological Imagination. In the text (From The Sociological Imagination), Mills uses sociological imagination to discuss the differences between â€Å"personal†¦show more content†¦For myself and most people in Canadian society, education is a major part of our lives. Most people will spend at least a quarter of their lives in the educational system. Using the school system as an example, in my exper ience knowing people that have failed a subject, it was due to the fact they didn’t study or do the work which put them at a disadvantage compared to the other students in the grade, but there could be social, economic, or historical reasons which lead to you doing those things. If you come from a poor family, for example, you might need to spend so much time working that you do not have time to study. A societal issue of this would involve in the whole grade failing this course. If this happens, then the solution would not be an individual one, rather the solution would be the school system taking a look into this and making any required changes to the course. A reason for this many students failing could be that the students were not given the resources necessary to succeed. Potentially the school did not have the funding to teach a course properly. This societal issue could result in many students not move further in their education which puts them at a disadvantage. This then can cause long lasting historical problems as it becomes a vicious cycle. A person comes from a poor family and goes to a bad school, they then do badly in school and either don’t complete it or move onShow MoreRelatedSociological Imagination Essay703 Words   |  3 Pagesï » ¿ Tierra Hodge Dr. Ngeo Boon Lin Intro to Sociology October 1, 2014 Sociological Imagination What is sociological imagination? According to C. Wright Mills sociological imagination is the ability to see how individual experiences are connected to the larger society. Sociological perspective enables one to grasp connection to history and biography. History is the background and biography is the individual’s specific experiences. C.Wright Mills came up with the idea that in order for one to understandRead MoreThe Sociological Imagination And Me Essay1343 Words   |  6 PagesThe Sociological Imagination and Me Charles Wright Mills was a writer, a researcher, a teacher, a scholar and a well known sociologist. He was the author of the 1959 book, The Sociological Imagination. This book was poorly received by the sociological community at first, but it is one of the most widely read sociological texts today. The Sociological Imagination and Mills’ other works have had an immense impact on sociology, as he influenced many other scholars and the â€Å"New Left† movement of theRead MoreSociological Imagination Coined By Sociologist C. Wright Mills1138 Words   |  5 PagesThroughout our lives we encounter numerous personal troubles, no matter big ones or trivial ones. However, one may seldom relate their problems in a sociological level rather often try to ascribe the blame to their personal wrongs. In this essay I would introduce the topic of sociological imagination coined by sociologist C. Wright Mills, describing how personal matters have all sorts of interwoven relationships w ith social issues. It is also important to realize that there are distinctions betweenRead More Sociological Imagination Essay582 Words   |  3 Pages To understand the term `Sociological Imagination, it is important to identify what Sociology is and what do sociologists study. It is also vital to look at the three basic concerns of the sociological imagination or perspective, which include Social Structure, Social Institutions and Social Processes. Moreover, it is necessary to understand what C. Wright Mills means when he mentions the personal troubles of milieu and the public issues of social structure, and how it helps usRead MoreEssay on The Sociological Imagination1389 Words   |  6 PagesMy personal condensed definition of â€Å"the sociological imagination† is that it is the idea one should be aware of the societal structures around themselves, and how those structures can influence a person and vice-versa. In addition, I think that having a â€Å"sociological imagination† also involves a deep appreciation for the importance of society and culture. Consequently, for a person that has completed a basic introduction to sociology college course and actually paid attention, I would hope thatRead MoreEssay on The Sociological Imagination859 Words   |  4 PagesAccording to C. Wright Mills, the sociological imagination is when an individual views his society as the potential cause for his daily successes and failures. Individuals often tend to view their personal issues as social problems and try to connect their individual experiences wi th the workings of society. Mills believes that this is the way for individuals to gain an understanding of their personal dilemmas. The sociological imagination helps people connect their own problems with public problemsRead MoreThe Sociological Imagination Essay838 Words   |  4 PagesThe Sociological Imagination The human attitudes have always been a curiosity that captivated most of the great social theorists like Karl Marx, Engels and Durkheim. One of the most unhumble attitude of the humanity was Racism and stereotyping. The racial issue even in the 21st century continue to be a subject that still is present and significant even though we tend to say that racism and other forms of discrimination are prohibited by law and illegal still even in the US theRead MoreSociological Imagination Essay1622 Words   |  7 PagesSociological Imagination Nicole Badders Galen College of Nursing Professor Sanjay Sociological Imagination Social Imagination is defined as the ability to connect the most basic, intimate aspects of an individual’s life to seemingly impersonal and remote historical forces (Conley, 2012, 5). C.Wright Mills’s theory was thought to help us connect what happens to us on a personal level to what is happening to society as a greater whole. This concept can be seen as a way to also help us realizeRead MoreThe Sociological Imagination Essay1065 Words   |  5 PagesPaper Grade: 75 / C The Sociological Imagination The sociological imagination is an idea or a way of thinking that interlocks an individual in a society with the society as a whole. Most people refer to sociology as the study of how people or individuals interact with each other. In order to fully understand sociology and the concept of the sociological imagination as proposed by C. Wright Mills, one has to be able to envision the individual and the society working together to better understandRead MoreThe Sociological Imagination Essay examples1118 Words   |  5 PagesHaving written The Sociological Imagination in 1959, C. Wright Mills was brought up in a society far more different and archaic than the idea of contemporary society today. The ideals that were imparted to him during his lifetime provided a framework to the ideals that are imparted to people today; however, like all incarnations, processes and ideas adapted to situate themselves into the transitioning threads of society. Through his elaboration on the sociologic al imagination, C. Wright Mills portrays

Management Accounting for New Zealand Banking- myassignmenthelp

Question: Discuss about the Management Accounting for New Zealand Banking Group. Answer: Australia and New Zealand Banking Group (ANZ) realizes that the best-performing companies combine their vision and mission with their strategies so that they can outperform their competitors. The best mission and vision for such company would be to become a superior class financial institution that can provide superior returns to all its stakeholders. For such purpose, it can value its people by motivating, recognizing, and retaining them efficiently. It can also focus towards change by starting small and thinking big so that outperforming competitors becomes simpler. Furthermore, the company can utilize its skills and experience to ensure that all its resources are effectively used. This vision statement can easily assist the company to address every requirement of its stakeholders. Besides, the key performance indicators like cost to income ratio, deposits, quality of loan book, etc must be analysed to ensure that the mission and vision statement is adequate and effective. In relat ion to strategy, ANZ must focus its strategy around four primary blocks of financial performance that are sustainability, economic transformation, asset-light strategy, and cost leadership (ANZ, 2016). Moreover, the company has a considerable market share and a diversified product portfolio that assists it to thrive in such complicated environment. Therefore, if a harvest strategy is adopted by the company to enhance its performance, then it would be more suitable for it to acquire all its goals and objectives. The reason behind this can also be attributed to the fact that a build strategy lacks certainty and predictability than a harvest strategy. Besides, since it is well known that ANZ has a diversified portfolio of products and an enhanced share of market, adoption of a harvest strategy will be more beneficial for such company, as it can easily assist it to enhance its profitability and flows of cash. Nonetheless, harvest strategy will be more suitable for an organization like A NZ because a build strategy cannot allow it to flourish in the market and outperform its competitors. In order to ascertain enhanced details about the cost, ANZ Ltd utilizes an activity-based cost system that is not required for external financial reporting. In such scenario, the company is using both manufacturing and non-manufacturing costs in place of job-order or process costing. Furthermore, ANZ is engaged in diversification of its product portfolio and catering to a wide range of stakeholders through banking services. In relation to this, the bank incurs cost for arranging loan amounts, setting up basic infrastructure, and post sales processes of customer services. Activity-based costing results in an appropriate way of service or product costing, thereby resulting in a better pricing decision. The overhead understanding gets maximized along with the cost drivers, thereby making these costly and non-value affairs to be clearer in nature. This grants the managers to lessen them based on the requirements and such costing system leads to an efficient challenge when it comes to processes of operating costs so that overheads can be terminated (Vanderbeck, 2013). This also assists in product enhancement and profitability assessment of company manifolds. Besides, this also assists in performance management and regular projections of improvement. The system of activity-based costing results in an indirect cost allocation that are based on product cost drivers or factors that result in the generation of cost (Venanci, 2012). Nevertheless, the process of ABC can be used to track non-valued activities of a company, thereby resulting in an efficient alloca tion of resources. Besides, the system of ABC in the company (ANZ) can also result in addition of value and continuous improvements in the business affairs of the company. Further, the best move for the company will be to pursue a costing system that can assist in offering better scope to it. Moreover, the company can easily settle its activities with such system as it can effectively use its resources for addressing the grievances of all its stakeholders (Vanderbeck, 2013). Just-in-time, moving towards JIT system can be a better move for the company because it can facilitate in an enhanced association with the size of batches so that it can deliver properly. Even though financial measures have been regarded as more appropriate by many researchers, yet in the current scenario, organizations like ANZ use non-financial measures like a balanced scorecard measure to measure their performance. The company also uses an integrated performance management approach to measure its performance (ANZ, 2016). With the help of such approach, ANZ gains an ability to integrate its performance measures both horizontally and vertically so that it is ensured that the goals and objectives are adequately met. It can also be observed from the annual report of ANZ that it has utilized non-GAAP measures so that it can assess its performance level. Such reliance upon non-financial measures is highly visible in most of the companies operating in New Zealand. Furthermore, the second approach utilized by the company is balanced scorecard measure that allows it to measure its performance by interconnecting its goals and objectives with its overall strategies and vision (ANZ, 2016). This can altogether assist in maximization of goodwill and quality of corporate reporting. The best possible performance measure in the case of ANZ Ltd will be balanced scorecard measure because such approach takes into consideration both financial and non-financial scenarios so that better outcomes can be derived. Furthermore, such measure is more beneficial than other measures because it can assist in providing significant details of the companys performance beyond that obtained from market-determined strategies (Parrino et. al, 2012). Therefore, the key performance indicators like the quality of loan book, fees, deposits, etc can be considered by the companys management to ascertain whether certain requirements related to these indicators have been effectively fulfilled or not. Besides, this can allow the company to make proper strategies so that it can address any prevalent issues and that can allow it to thrive in such competitive market, thereby serving as a major tool in enhancing the quality of corporate reporting and reputation as well (Carmichael Graham, 2012). Hence, a balanced scorecard will be more suitable for ANZ since it facilitates in a positive and better performance outcome. A balanced scorecard strategy is very useful since it facilitates in enhanced measurement of performance within companies. Besides, unlike traditional measures, this strategy does not accommodate only financial measures to evaluate an organizations performance (Petty et. al, 2012). Instead, it comprises of both financial and non-financial measures so that enhanced material information can be offered to the managers regarding the performance of the company based on several performance indicators (ANZ, 2016). This can altogether assist in forecasting the future performance of an organization that cannot be done by other traditional measures. Nonetheless, such measure suggests that the capability of a company to generate value in future is subject to four major concerns like customer, growth, internal learning, and financial aspects. Perspective Aim Growth This assists an organization to ascertain how to enhance its innovative processes. Financial This is subjected towards how shareholders of a company are viewed upon. Internal learning This perspective allows an organization to maximize the efficiency of its internal affairs. Customer This perspective assists in determining the requirements of customers. Internal perspective plays a key role in dealing with internal control systems so that abnormal losses can be minimized, thereby assisting in enhancement of organizational performance. Customer aspect in a balanced scorecard assists in focusing upon the fact that every requirement of customers must be duly considered so that business solidity can be gained by the company, thereby generating higher chances of outperforming other rivals in the industry (Peirson et. al, 2015). Financial perspective present in the scorecard allows an organization to control its costs and enhance its revenues respectively. In simple words, it can be said that financial aspect in the scorecard allows a company to attain maximum profitability and overall objectives too. Lastly, the innovation or growth aspect allows a company to upgrade its present technologies for the benefit of the entire community so that they get what they deserve without compromising the resources of stakeholders (Merchant, 2012). Thes e aspects can be incorporated into the balanced scorecard of ANZ so that it retains its high market share and diversified product portfolio. Competitor analysis is an in-depth analysis and investigation of the competition of a company so that the strengths and weaknesses of the competitors in the industry can be effectively evaluated. Furthermore, this allows a company implement and choose efficient strategies that can play a key role in enhancing its competitive advantage (Choi Meek, 2011). Besides, such measure allows a company to gain both offensive and strategic context so that it can easily identify its opportunities and threats. In relation to ANZ Ltd, its major competitors are Commonwealth Bank and Westpac bank. Both these companies offer immense competition to ANZ in the banking field. Further, essential success factors like employees performance, aggressive marketing, resource prevalence, etc are helpful in conducting competitive analysis in such field. After assessing the competitors of ANZ Ltd, it can be stated that the company has a competitive advantage in product portfolio, market share, asset finance, financial position, etc that allows it to remain firm in the market. Moreover, if enhancements in such aspects are not implemented, the company may lose advantage over its competitors (Porter Norton, 2014). There are also aspects that maximizes the threats of ANZ in the banking field. For instance, the company has limited international exposure that prevents it to maximize its market share. If such weakness is not being considered by the company, it may fail to maintain a competitive advantage over its competitors, thereby failing to survive as well (ANZ, 2016). Furthermore, this can a lso result in the enhancement of the companys costs, thereby resulting into a decline in its revenues. In addition, because of deteriorating economic situations in New Zealand and Australia, the company must take corrective actions so that it can easily remain firm in the market. If ANZ takes due steps, it can easily remain competitive in the market without being outperformed by its competitors like Westpac and Commonwealth. However, to achieve such opportunity, it must take steps to enhance its strengths and lessen its weaknesses. References ANZ 2016, ANZ annual report and accounts 2016, viewed 22 October 2017 https://www.nzx.com/companies/ANZ/announcements/292244 Carmichael, D.R. Graham, L 2012, Accountants Handbook, Financial Accounting and General Topics, John Wiley Sons. Choi, R.D Meek, G.K 2011, International accounting, Pearson Merchant, K. A 2012, Making Management Accounting Research More Useful, Pacific Accounting Review, vol. 24, no.3, pp. 1-34. Parrino, R., Kidwell, D. Bates, T 2012, Fundamentals of corporate finance, Hoboken, NJ: Wiley Peirson, G, Brown, R., Easton, S, Howard, P Pinder, S 2015, Business Finance, 12th ed., North Ryde: McGraw-Hill Australia. Petty, J. W, Titman, S., Keown, A. J., Martin, J. D., Burrow, M Nguyen, H., 2012, Financial Management: Principles and Applications, 6th ed., Australia: Pearson Education Australia. Porter, G Norton, C 2014, Financial Accounting: The Impact on Decision Maker, Texas: Cengage Learning Vanderbeck, E J 2013, Principles of Cost Accounting, Oxford university press Venanci, D 2012, Financial Performance Measures and Value Creation, New York: Springer.

Finance Question free essay sample

An income statement is used to show profit and loss; Kathy can compare each financial year to see how the company is getting on and what department is doing well. An income statement will show all expenses incurred in the business such as delivery, office space, staff wages and the products. The income statement becomes useful to Kathy when deciding to see how Designer Labels is getting on because it would show the income from sales and this can be broken down rather than Just showing a sum of money. The sales will be matched up against the costs of goods so he can see how much profit is made. This statement should also give a growing business an idea of the projected income for the next year. Statements like this use accrual accounting which is done by looking at income and expenditure projections are usually undertaken by professional Judgments of accountants. B) The income statement for Designer Labels shows the year 2011 and 2012. Kathy may look and see that the income had dropped by 12. 5% in year ending 2012. However more money was used on wages, maintenance, delivery and travel. Another aspect that ay have affected the profit is that the 2011 year had 17. 7% more stock then the 2012 year. Looking at the statement I do not think that there are any particular concerns for Kathy to look at other than the net profit at the end. Kathy has increased more expense then in her previous year. You can see the net profit has dropped significantly; the increase of money spent on wages can be blamed for some of the 81% drop in profit between the years 2011 and 2012 as expenses only went up by 4%. I believe this could be due to Kathy not investing in as much stock and she may be overstaffed. Question 2 a) The purpose of a balance sheet is to show the financial position of a business; each accounting period has 2 balance sheets and 5 basic accounting elements these are- incomes, expenses, liabilities, assets and equity. A balance sheet shows a point in time rather than a period in time. It also shows several figures of fixed assets- original cost of business, total amount by which assets have depreciated and the net book difference. The balance sheet will show the total value of fixed assets the company will have. A fixed asset could be a building or a car. The balance sheet could help Kathy because she could see what total assets she has when liabilities are taken away from the income. This then gives Kathy a figure that is profit after all her other costs are subtracting. B) The balance sheet for Designer Labels shows the companys equity is more in the year 2012 compared with 2011. However they have gained more liabilities in the year 2012 from creditors and the bank overdraft. I can see from the sheet that although Kathy may not have available cash but she does have assets which she can borrow against. So although Kathy does owe more o creditors she also has more equity. This offsets the fact that she has gained more debts. The only problem is she does not have much free cash to spend on items such as stock. The difference between equity in 2011 and 2012 is 4%. I do not think this Balance Sheet should concern Kathy she has increased her equity which is good although seen NAS gained more debts Kathy should think about trying to clear some of her debt but other than that I cannot see anything that would concern me. Question 3 a) A cash flow statement is used to show the money flowing in and out of a business. This will be shown through trading receipts, borrowings, interest received and money flowing out of the business which is shown through paying for costs (wages, building), investments in fixed assets, interest and loan repayments. Cash flow is important to business owners as most things need to be paid by cash- (wages, maintenance, supplies). A business cannot pay with assets so it is important to see what cash flow it has so the business knows what it can afford. Another way a Cash flow statement can be broken down is by looking at operating activities, investing activities and insane activities. If Kathy looked at this statement she could see whether she can afford to expand the business or whether she can take on more staff these are the types of decisions she can make when looking at the available cash as well as seeing what assets she has. B) From the cash flow statement I can see that there is a lot less profit in year 2012. There has been an increase in debt from overdrafts, creditors and debtors. Kathy has also made fewer payments on her loan then the previous year by 69%. The cash flow from operating activities decreased by 63% this was due to the operating profit decreasing by 80%. The Cash Flow Statement show that Kathy did not spend as much money as she did the year before- she invested less in fixed assets, re-paid less of her loan but increased her debt and overdraft. Analyzing the Cash Flow Statement I think Kathy should be concerned by the lack of profit which was made during 2012. A drop of is huge and she will need to find the reason for this as it affects everything, with no available cash she will not be able invest in stocks, pay employees, pay expenses, or repay her debts. Kathy needs to see how he can create more cash flow to pay for these outgoings. Question 4 a) After analyzing Astrakhans business I would not sell her business I believe that she should continue what she is doing and she will gain more and more profit. In the year 2012 she didnt invest as much in stock and this is some of the reason she did not make as much as profit. I believe that there is potential to grow for Kathy with different seasons for clothing. Once she does make enough profit to invest more she can expand and introduce new ranges or new stores. You can see from the tenements that the profit dropped dramatically from 2011 to 2012 but with Astrakhans research she could release a desirable range and bring in lots of custom. Kathy also knew that the retail sector was going to suffer so making profit was actually a good thing so she should carry on how she is and perhaps invest more in stock and the profit will increase. Word Count- 1113 part 2 a) In TGIF 3. 1 it was discussed how people keep a track on their own life. Personally before I get paid I know what exactly is and isnt going out of my bank account. I will aka sure I have paid all my bills and know exactly how much is left that I can live on for the month. All my expenditure is noted and I make sure all my payments are ready to go out on the day I get paid I tell by doing this I will not miss any payment nor spend any money I should not. Although I know other people are laid back this saves for any confusion after I am paid and I am trying to gain a good credit rating so this would increase my chances of this. If you dont know where you are with money then you wont know whats in your account. Word Count- 151