Sunday, May 17, 2020
The Monroe Doctrine Origin and Early American Foreign...
The essay discusses the creation of the Monroe Doctrine and how its birth shaped U.S. foreign policy from the 1820ââ¬â¢s through the American Civil War. It also looks at the key players and their various motives in creating this important document. The Monroe Doctrine History during the early 1800ââ¬â¢s found the American people very interested in the situation involving the Latin American countries found in central, South America, and Mexico. Though these Latin countries tried to establish their own government and proclaimed their independence, certain European countries continued to fight and reinstate their force and power over them. A major factor to consider was that France and Spain were considering joining forces to create a largeâ⬠¦show more contentâ⬠¦The population of the states, at that time, was expanding and settled land was becoming crowded. Great Britain, though perhaps not too happy to relinquish any powers or rights to colonize any territory in the American territory, offered support to the implementation of a diplomatic document issued regarding this issue. JAMES MONROE President James Monroe governed the States with an intelligent and fair leadership. There are two things for which he is named and perhaps best known, Fort Monroe and the Monroe Doctrine. Both Fort Monroe and the Monroe Doctrine were both created in the hopes of deterring future attacks on the States, seen in the burning of Washington and during the colonization of the territories of the country. Fort Monroe developed as a coastal defensive port, a stronghold against foreign military advances. The Monroe Doctrine developed as a defensive mechanism against European countries and the Holy Alliance, countries dominating in world power and continuing to pursue land in the western hemisphere. James Monroe grew up as a planter and later became a military officer. His military career was considered unsuccessful by most, his job was to enlist soldiers into the war and his success rate was low. He later served as senator and governor of Virginia and was assigned to duty overseas by President Thomas Jefferson. He increased hisShow MoreRelatedEvolution of the Monroe Doctrine Essay2572 Words à |à 11 Pages ââ¬Å"â⬠¦American continentsâ⬠¦are henceforth not to be considered as subjects for future colonization by any European powersâ⬠¦In the wars of the European powers, in matters relating to themselves, we have never taken any part, nor does it comport with our policy to do soâ⬠¦It is only when our rights are invaded, or seriously menaced, that we resent injuries, or make preparation for our defenseâ⬠¦ We owe it, therefore, to candor, and to the amicable relations existing between the United States and those [theRead MoreAmerican Isolationism Essay1668 Word s à |à 7 Pagesand their roles were becoming redefined. The United States was emerging as the industrial giant of the world. To protect the American consumers from imported goods from Europe and encourage American products, the government of the United States imposed high tariffs. Essentially, the United States no longer desire to maintain ties with Europe. The tariffs imposed by the American government were instrumental in the efforts made by the United States to stay out of European affairs. The concept of ââ¬Å"ManifestRead MoreFour approaches to the political economy development of Latin America1734 Words à |à 7 Pagesapproaches for studying, analyzing and understanding the political and institutional constrains that have shaped the development of Latin American countries. They have also incorporated into the analysis variables such as the influence of international organizations and the economic and class history, and its relation with one of the principal characteristic s of Latin American countries: the disparity between the wealthy and the poor. Throughout this work, I intend to summarize and review four of the mostRead MoreThe Monroe Doctrine... a Positive3129 Words à |à 13 PagesThe U.S benefitted Latin America through the implementation of the Monroe Doctrine, which helped prevented further European colonization. Independence and sovereignty were in the U.Sââ¬â¢s intentions for involvement in Latin America, while many European governments saw benefits in overturning independence and thereby acquiring resources and global power. This paper will use examples of European colonialism in, Africa, Mexico, and the Dominican Republic, to support my claim. Both the U.S and Europe hadRead MoreRhetorical Analysis Of Howard Fineman s The Twelve American Arguments 1579 Words à |à 7 Pages13 American Arguments The history of our country is a young one. When it comes to the history of the world the United States is an infant compared to the countries of Greece, Italy, China, England, and just about every other country on this planet. While the United States might not have reached the maturity of other nations, it still has a rich history. Since 1776 the United States has gone through quite a lot. Our history ranges from slavery, eleven wars, rapid expansion, forty-five presidentsRead MoreTo What Extent Did The Cuban Revolution In 1959 Mark A Turning Point Essay5328 Words à |à 22 Pagesa turning point in the US-Latin America relations? Introduction Up until the 20th century, America had only attained a notable relationship between Cuba and Mexico, any other relationship between other Latin American countries was due to small levels of trade. The majority of Latin-American countries were colonies of the Spanish Empire except Brazil which was ruled by the Portuguese Empire. Between 1808 and 1826, all of the colonies; excluding Cuba and Puerto Rico, gained their independence fromRead MoreEruopean Expansion4283 Words à |à 18 Pagesthe impact of Europeans on Native American (Indian) cultures and the impact of native cultures on Europeans. Then explain why it was or was not a good thing that European culture prevailed. Which one of the following do you think made the most important contribution to European expansion: Renaissance thought, the search for new trade routes, or new developments in technology? Explain your choice. What lessons do you think English colonists learned from their early Jamestown experience? Focus on mattersRead MoreEssay about The Causes of the Cold War1683 Words à |à 7 Pagesfrom the instigators hostile actions. Because of the disagreements between the parties of who started the war it led to several schools of thought and explanations. There was no clear agreement on the causes of the Cold War in the early days of the historical analysis of the confrontation. Analysis fell into a number of defined groups these are their views are: The Orthodox Historians believe the conflict originated from the Soviet Union and was caused by RussianRead MoreA Description of Bleeding Kansas3703 Words à |à 15 Pagesin the American Civil War to take place on Northern soil. It was the bloodiest single-day battle in American history, with almost 23,000 casualties. After this win for the North, Lincoln announced the Emancipation Proclamation 10. Atlanta Georgia city captured and burned by Sherman just before the election of 1864 Barbary Pirates Plundering pirates off the Mediterranean coast of Africa; President Thomas Jefferson s refusal to pay them tribute to protect American shipsRead MoreConflict: the Basis for Latin American Change (Born in Blood and Fire: a Concise History of Latin America)1781 Words à |à 8 Pagessystem because that is what it has mostly seen for the past five hundred years. In Born in Blood and Fire: A Concise History of Latin America, John Charles Chasteen supports the argument that Latin Americas problems developed due to its violent origins and history of conquest. From the conquest, through colonialism and revolutions, to modern day, violence has always been a main player in the advancement of Latin America. Chasteen has left me with a greater comprehension of our neighbors history
Wednesday, May 6, 2020
Analysis Of Ring Around The Rosie - 879 Words
My mom used to sing ââ¬Å"Ring Around the Rosieâ⬠to me and my siblings. Although the memory is vague I can remember the fun we had singing the nursery rhythm. We would hold hands and form a circle, swaying to the words. We would first start out slow and increase our speed so when we got to the last verse we would fall down with some of us on top of each other. I chose this because of the fond memories in my childhood and the fun we all had. Another reason I chose this is because it reminds me of my childhood and growing up with my siblings. The origin of this nursery rhyme can have a variety of different meanings throughout the world. This nursery rhyme can have a lot of different meanings between different people. ââ¬Å"Ring Around the Rosie, is a fun interactive game that kids hold hands with each other and form a circle. The kids all say Ashes, Ashes and they all fall down. This is the kidââ¬â¢s favorite part of the song because they get to fall down while having fun. This nursery rhyme is a fun way to have kids play with each other and have a wonderful time doing it. Another meaning of this nursery rhyme could be associated with the Black Death. This is because whenever the children sing the song and they say ââ¬Å"all fall downâ⬠that could mean the death of another person. Another reason this could signify the Black Death is that when it said ââ¬Å"ashesâ⬠it means that person has died and is cremated after they die from the bubonic plague. To explain this further, it is saying that thisShow MoreRelatedThe Black Death and The Song Ring Around the Rosie1288 Words à |à 6 PagesSome things ar e not as they seem. ââ¬Å"Ring Around the Rosieâ⬠seems like a pleasant childrenââ¬â¢s nursery rhyme, but many believe it is actually a grisly song about the Black Death in Europe. The Black Death was a serial outbreak of the plague during the 1300s. During the Black Death, more than 20 million Europeans died. One-third of the population of the British Isles died from the plague. Moreover, one-third of the population of France died in the first year alone, and 50% of the people in Franceââ¬â¢sRead MoreBlack Plague And The Black Epidemic1337 Words à |à 6 Pagesdisease happens that the world gets into panic mode. All of this panic comes from the Black Death. In this synthesis and analysis essay I will cover the places the Black Plague reached, the effects of the Black Plague, and the thoughts of the people that lived in that time along with their beliefs on the Black Plague. The Black Plague or Black Death first occurred in China around the 1330ââ¬â¢s. Actually this is only a theory, because no one really knows where the disease first started. This plagueRead MoreHow death is portrayed in the media that it affects on children and my feedback of it.2791 Words à |à 12 Pagesviolence in the media has influenced childrens belief and perception about death. In the analysis, it will first look into how children learn about death, secondly, how the media can influence and affect childrens perception of death. Early in childhood, children are taught songs and games that unknowingly centered on death. For example, many children at an early age are taught the song ring around-the-rosie is about a 14th century plague in Europe and today, this song is seen as delightful andRead MoreEssay about The Change of Bond Girls2138 Words à |à 9 Pagesable to perform close textual analysis of the 20 Bond films and was clear of the information I had to retrieve which would be useful for my project. I took notes on four main themes regarding; Bonds relationship and treatment of the women, the roles of the women in the film (how key they were to the plot), and the social depiction and life of their character in the film and their sexual relationship with Bond. Through textual analysis I discovered that in three of theRead MoreA Research Study On Red Face3106 Words à |à 13 Pagesevolves into persistent erythema, papules, pustules, and telangiectasia. Around 30-50 % of the cases there is an involvement of the eyes along with skin. The most common eye symptoms are burning, foreign body feeling, tearing and light sensitivity. The disease involves eye lids ( blepheritis), conjunctivae(conjunctivitis), in severe cases it may involve the cornea, iris and sclera.(6) The onset of rosacea usually occurs around 20-50 years of age(1) usually white skinned, Fitzpatrick type I and IIRead MoreInstructive Text Types11631 Words à |à 47 PagesPerceptions in time | Expository | Phenomenon identifying linking | Analysis\synthesis of concepts | Comprehension of concepts | Argumentative | Negative quality attributing | Relations between concepts | Judging | Instructive | Action demanding | Future behaviour | Planning | 1.5 Biberââ¬â¢s text types Biberââ¬â¢s typology(1989) is based on the hypothesis that linguistic co-occurrence reflects shared function, thus reversing the order of analysis, first identifying linguistic features and then interpretingRead MoreStrategic Marketing Management337596 Words à |à 1351 PagesStrategic Marketing Management Dedication This book is dedicated to the authorsââ¬â¢ wives ââ¬â Gillian and Rosie ââ¬â and to Ben Gilligan for their support while it was being written. Acknowledgements Our thanks go to Janice Nunn for all the effort that she put in to the preparation of the manuscript. Strategic Marketing Management Planning, implementation and control Third edition Richard M.S. Wilson Emeritus Professor of Business Administration The Business School Loughborough University Read MoreHistory of Social Work18530 Words à |à 75 PagesHistory of Social Welfare in USA Around the turn of the last century, the excesses of the Gilded Age became politically unpalatable. The laissez-faire style of government that had allowed unrestricted commerce did little to protect the rights of workers or provide for the needy. In Wisconsin, Bob LaFollette fought political corruption. In Washington, President Theodore Roosevelt broke up the trusts that had monopolized whole sectors of the economy. And around the country, farmers and laborers organized
Conceptual Framework of Companies-.com
Question: Does the Current Accounting Framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision to include Prudence is likely to address the disparity in Corporate Reporting is a requirement in your analysis. Answer: Introduction Jetstar Airways Pty Ltd, also known as Jetstar is identified as the one of the low cost airline operating in the Australia, wholly owned subsidiary of Qantas Jetstar is recognized as low cost brand carrying 8.5% of all the passengers in Australia. The Airways is further seen to operate in the extensive home network and the regional international services from the Melbourne Airport operated by a diverse fleet Airbus of A320 family and the Boeing 787 Dreamliner (Qantas.com. 2017). Virgin Australia Airlines Pty Ltd, formerly known as Virgin Blue Airlines is considered as the second largest after Qantas. The airlines company is seen to be based in Bowen Hills in Brisbane. The Airline Company was established in November 1999 operating in a single route. Virgin Australia Airlines has been expanded to serve in total 29 cities operating in various locations across Melbourne, Brisbane and Sydney (Virginatlantic.com. 2017). The report is intended to evaluate the current accounting framework and to check whether the companys financial report adheres to the requirements of the conceptual framework. The study has further measured how the conceptual framework has been able to include prudence to address the possibility of the disparity in Corporate Reporting. The report has been further able to make the discussions based on the consideration of their AGM report, total assets, tangible and intangible assets. It has been further able to suggest why shareholders should invest in the companies. Conceptual framework of Accounting for both the companies The consolidation of the accounting is arranged based in accordance with the Australian Accounting Standards (AASBs) formulated by AASB and Corporations Act 2001. The consolidated financial statement has been further seen to be prepared in accordance with International Financial Reporting Standards (IFRS). These standards are further issued by the International Accounting Board. The consolidated financial statement of the companies has been able to present the functional currency of the company. It has been also noted that the financial statements of Virgin Australia Airlines Pty Ltd and Jetstar Airways Pty Ltd has been seen to be prepared based on the historical costs, except where assets and liabilities are stated at fair value, except in the areas where the assets and the liabilities has been stated based on the relevant accounting policies (Qantas.com.au. 2017). The conceptual framework for Revenue from Contracts has been evaluated as per AASB 15 Revenue from contracts with the customers. The adoption of the conceptual framework for the AASB 15 has been able to determine the various types the consideration which are seen to be associated to the how much and when revenue is recognised. The application of this particular framework has been able to identify whether to replace existing revenue recognition, including the AASB Interpretation 13 Customer Loyalty Programmes, AASB 118 Revenue and AASB 111 Construction Contracts. The companies have been further seen to determine whether they are able to replace the AASB 117 Leases and apply revised framework based on AASB 16. The identification of the Impairment of Assets of the company has been seen with the application of AASB 136: Impairment of Assets. The financial guarantees of the contract has been further seen to be associated to the various type of conceptual framework based on AASB 137 Provis ions, Contingent Liabilities and Contingent Assets (Virginaustralia.com. 2017). Prudence theory applied in both the companies Based on the general theory of prudence it has been observed that the companies do not overestimate the amount of the revenues. It has been seen that both the companies has been seen to be using the prudence concept in their financial statements. Both the companies in particular has been seen to be conservative enough in terms of the recording the total amount of assets not underestimate liabilities. It has been further observed that both the financial statement needs to state conservatively. Another approach of the prudence in both the companies has been seen to be implemented based on the various types of the theories which has been seen to be associated to the recording of the transaction associated to the revenue and the assets with the probable transactions (M?ciuc?, Hlaciuc and Ursache 2015). It has been further discerned that the different types of the considerations of the prudence has been seen to be based on the different types of the concepts which shows that both the comp anies has been delaying in the recognition of transactions related to the revenues. Some of the important considerations made in the study for this prudence aspect show that whether the company can replace existing revenue recognition, including the AASB Interpretation 13 Customer Loyalty Programmes, AASB 118 Revenue and AASB 111 Construction Contracts. The companies have been further seen to determine whether they are able to replace the AASB 117 Leases and apply revised framework based on AASB 16. The delay in the new standards and interpretations has been further seen with implementation of AASB 9 (2014) to be effective for annual reporting periods beginning on or after 1 January 2018. The companies further intends to recognise AASB 16 Leases (AASB 16) leases to be effective for annual reporting periods beginning on or after 1 January 2019, with early adoption permitted where AASB 15 is also adopted. Hence, the companies are not willing to adopt the standards until they are able to be sure of the a variety of impacts which it will have to bear on recording of the financial statements. Some of the other consideration for the prudence in the financial reports of both the companies have been further seen with the regular review of the assets and the decline in the value. In particular the most important aspect of the prudence in both the companies has been seen with the concept that both the companies have not been seen to writing down the value of fixed assets (Laing and Perrin 2014). Criteria followed for financial data Total Assets Total assets for Qantas Airways has been amounting to $ 17708 m in 2016, while the total assets for Virgin Australia is recognised as $ 6886.9 m in 2016. Virgin Australia Holdings Limited is not seen to be having any contingent assets or contingent liabilities at 30 June 2016. The assets of Qantas Airways Limited has been seen to be considered based on the assets classified as held for sale are measured at lower of cost and fair value less costs to sell. The net benefits of Qantas Airways Limited are seen to be measured fair value of plan assets less the present value of the defined benefit obligation. The preparation of the financial statements for Virgin Australia for the assets held under the financial leases are initially recognised based on fair value and present value (Virginaustralia.com. 2017). Tangible Assets and Intangible Assets The recognition of the intangible and tangible assets for Qantas has been seen to be based on various types of non-current tangible assets has been seen to be based on the revenue generation using the recoverable amount of the assets. The intangible assets are based on for amortisation and impairment losses less cost. The main form of the classification has been seen to be important for indefinite assets which are seen to be stated based on amortisation on a straight-line basis over the useful economic life and assessed for impairment. The amortisations of the intangible assets with finite lives are based on straight-line basis over the useful economic life. These are further seen to be assessed for impairment. The different methods for the amortisation have been based for the determination of residual lives and useful lives on the reporting date. The assets which has been further considered based on indefinite lives are not amortised for the im pairment done annually, where the assets has shown the indication for impairment (Qantas.com.au. 2017).. Depreciation The depreciation is seen to be done based on straight line basis for the property, plant and equipment except for freehold land, as they are considered for the depreciation. The various types o the depreciation rates which are owned assets are further seen to be calculated based on the valuation cost of the assets less the residual values for the assets estimation of useful life for the Qantas Group. It has been further seen that the various types of the assets are further seen to be depreciated from the date of acquisition or with internally constructed assets over the remaining useful life. The assets for the finance lease are further seen to be depreciated for the relevant lease, where Qantas Group is having the ownership of such assets (Yong, Lim and Tan 2016). The ROIC is seen to be derived by adjusting of the EBIT to exclude the non-cancellable aircraft which are seen to be operating with lease rentals and also includes the various types of the notional depreciation of the aircrafts to account for the same as if they were owned by the airline carriers. The USD depreciation for Qantas has been seen to be based on the different movement associated to the USD depreciation, 20%. Similarly in case of Virgin Airlines the Depreciation and amortisation of the assets ceases from the date they are classified as held for sale. The depreciation on PPE is stated at cost less the accumulated depreciation and impairment losses. Similar to Qantas, Virgin Airlines is also seen to recognise the depreciation on straight basis on the estimated useful life by consider the residual value. Rationale for the shareholders investing in the companies Based on the Directors statement in the annual report of Virgin Airlines published in 2016, the income and the revenue have been seen with an increase of $4,749.2 million to $5,021.0 million. It has been further seen that the comparative period reflects a total equity accounting of 60% of Tigerair Australia to 16 October 2014. The companys net operating expenditure has been further seen to increase from $4,802.7 million to $5,278.7 million, which has been identified as an increase of $476.0 million. The aforementioned points are seen to be conducive for investing in Virgin Airlines (Deegan 2016). Similarly based on the CEOs statement in the annual report of Qantas published in 2016, it has been observed that every part of the group has been able to contribute to the record result in 2015/16. This has been seen to be evident based on the increased operating margin in terms of EBIT for Jetstar Group, Qantas Loyalty, Qantas International and Qantas Domestic. It has been further identified that the two thirds of the total earnings of the group comes from the international operations, loyalty businesses and reduced volatility in the portfolio strategy. The investors should further consider the increase in PBT from $ 975 m in 2015 to $ 1532 in 2016. Conclusion The various discussions in the study have been able to show various levels of similarity in conceptual framework, prudence to address the possibility of the disparity in Corporate Reporting, consideration of their AGM report, total assets, tangible and intangible assets. The important consideration of conceptual framework for Revenue from Contracts has been recognised as per AASB 15 Revenue from contracts with the customers. The execution of the conceptual framework for the AASB 15 has been able to determine the various types the consideration which are seen to be associated to the how much and when revenue is recognised. The prudence aspect is seen with the delay in recognising standards for AASB 16 Leases (AASB 16) leases to be effective for annual reporting periods beginning on or after 1 January 2019, with early adoption permitted where AASB 15 is also adopted. Hence, the companies are not willing to adopt the standards until they are able to be sure of the various types of the i mpacts which it will have to bear on recording of the financial statements. The investors should be further investing in the companies due to the increase in the operating margin and revenue of both the companies. References Deegan, C., 2016.Financial accounting. McGraw-Hill Education Australia. Laing, G.K. and Perrin, R.W., 2014. Deconstructing an accounting paradigm shift: AASB 116 non-current asset measurement models.International Journal of Critical Accounting,6(5-6), pp.509-519. M?ciuc?, G., Hlaciuc, E. and Ursache, A., 2015. The Role of Prudence in Financial Reporting: IFRS versus Directive 34.Procedia Economics and Finance,32, pp.738-744. Qantas.com. (2017).Our Company | Qantas. [online] Available at: https://www.qantas.com/travel/airlines/company/global/en [Accessed 11 Aug. 2017]. Qantas.com.au. (2017). [online] Available at: https://www.qantas.com.au/infodetail/about/corporateGovernance/2016AnnualReport.pdf [Accessed 11 Aug. 2017]. Virginatlantic.com. (2017).Our story | Virgin Atlantic. [online] Available at: https://www.virginatlantic.com/gb/en/footer/our-story.html [Accessed 11 Aug. 2017]. Virginaustralia.com. (2017). [online] Available at: https://www.virginaustralia.com/cs/groups/internetcontent/@wc/documents/webcontent/~edisp/2016-asx-financial-report.pdf [Accessed 11 Aug. 2017]. Yong, K.O., Lim, C.Y. and Tan, P., 2016. Theory and practice of the proposed conceptual framework: Evidence from the field.Advances in Accounting,35, pp.62-74.
Subscribe to:
Posts (Atom)