Interpretation and Analysis of the essay From hope to Hopelessness by

Interpretation and Analysis of the From hope to Hopelessness by Margaret Wheatly - Essay Example is will also focus on the techniques that Wheatley employs as a function of delivering her method and whether or not these techniques are successful or not. Finally, the response piece will focus on how the essay made this student feel after reading it. Accordingly, it is the hope of this student that the forthcoming analysis will not only provide something of a personal take with respect to Margaret Wheatley’s work, it is my further hope that the reader will come to gain a more informed understanding for the tactics and approach that Wheatley uses to engage the reader. The first strategy that Wheatley employs is with respect to providing a pathos filled introduction that discusses the level of depression and hopelessness that she has been feeling with regard to the state of the current world. Referencing the human brutality, environmental destruction, and lack of vision for the way in which these issues might be addressed, Wheatley confesses that she battles with depression at the specter of these issues and how they impact upon her and the remainder of the human race. This is an especially interesting and effective approach to the issues at hand. The underlying reason for this has to do with the fact that Wheatley engages the reader in an understanding of the issues that have driven her to write the piece, encourages a degree of empathy from the reader, and then expands the need for discussion based upon the fact that these very same issues affect almost each and every stakeholder on the planet equally. The rhetorical strength of the introductory paragraphs is also important to note; due in part to the fact that it is within these paragraphs that Wheatley raises the key questions she will go about answering during the course of the remainder of the essay. For instance, the question of whether fighting hopelessness is a worthy human goal, whether human labor means anything, and whether or not action or inaction ultimately rank the same are all briefly

King Henry and His Six Wives Essay Example for Free

King Henry and His Six Wives Essay The Elizabethan Era contained major events that remain documented in history. If the historical figures of the Elizabethan Era had not existed, history would have taken a dramatic turn. The full histories and personalities of each of Henry’s wives show how these women left their marks on the English throne and they changed the course of history. King Henry VIII was endowed with outstanding mental and physical gifts. He mastered Latin and French, understood Italian, learned mathematics, studied Homer and Virgil, read Cicero, and was knowledgeable about the histories of Thucydides and Tacitus (Shostak 6). Henry was the first English king to acquire a Renaissance education. Henry was also endowed with great physical accomplishments. He was a superb horseman. He enjoyed wrestling, jousting, swordsmanship, and tennis. Henry also had a passion for music. He mastered the skill of performing with three different instruments: the lute, organ and the harpsichord. He also composed music. He wrote two five-part masses, several different instrumental pieces, several songs and one anthem (6). â€Å"King Henry VIII was born Henry Tudor VIII after late-king, Henry VII and Queen Elizabeth of York on June 28, 1491† (Bruce 3). Henry was the King of both England and Ireland from 1509 until death. Henry VIII was a true Renaissance prince. He also wanted absolute power.Henry was not the only Monarch of the Tudor regime; â€Å"He had three other brothers: Prince Arthur, Edmund, and Duke of Somerset Tudor, and two sisters: Mary and Margaret Tudor† (Shostak 5). Arthur, who became Prince of Wales, married Catherine of Aragon in November 1501. After a short period of the marriage, Arthur died, which made Henry Prince of Wales. On April 22, 1509, Henry VII died, which upgraded Henry VIII as king and the seventeen-years-old prince acceded to the throne on April 22, 1509 (Bruce 23).Two months later, he married his brother ´s widow, Catherine of A ragon. This queen was widower of Arthur, Catherine of Aragon. Catherine was born on December 16, 1485 in Spain. She was the daughter of Ferdinand and Isabella. They sent over 100,000 crown worth of plate and gold as a wedding gift. She had left Spain to marry Prince Arthur of Wales in 1501, which they went off to marry in London. After Arthur died, Catherine and Henry married as King and Queen of England (Shostak 15). She was happy through the first few years of marriage, but due to health problems, she miscarried five of six pregnancies; the child who survived was named Mary, born in 1516. They went off to marry in London. King Henry VIII was brought up to bring forth an heir of his throne a son. He knew after trying continuously with Catherine, he would never have a son, while she was still announced as queen (Bruce 27). Henry tried to put pressure on Pope Clement VII to give a special dispensation to him to divorce Catherine. When Wolsey failed in his negotiation with the Pope to get the dispensation, Henry fired Wolsey and decided to sidestep established legal procedures of the Church (Bruce 34). In a 1529 Act of Parliament, they limited the powers of the clergy by a series of statutes. Then, in 1533, he married Ann Boleyn, who soon gave birth to the future Queen Elizabeth (tudorhistory.org). The following year, Parliament passed the Act of Supremacy, which named the king the Supreme Head of the Church of England. Then, there followed the suppression of Catholic monasteries throughout England in May, 1536, Anne Boleyn was executed on the grounds of marital infidelity (Shostak 45). Henry married his third wife, Jane Seymour, who died in childbirth after giving birth to the king ´s only legitimate son, the future King Edward VI (tudorhistory.org). In 1540, Henry vice-regent and chief minister Thomas Cromwell arranged a political marriage between Henry and Ann of Cleves in the hope of attaching German protestant interests to those of England. Henry detested Anne ´s appearance so he had the marriage annulled and ordered for Thomas Cromwell to be executed on the charge of treason. In 1543, Henry married Catherine Parr, his sixth and final wife (Jokinen). They were married for three years before Henry ´s death. Henry ´s later years saw a renewal of hostilities with both France and Scottish. Henry personally invaded France in 1544, where his armies captured city of Boulogne (tudorhistory.org). The two nations ceased fighting in 1546. Henry ´s later years were also characterized by rigorous persecution of both Catholics and Protestants. Henry died on January 28, 1547, at the age of 55. It was Henry ´s request that he was laid to rest alongside his third wife, Jane Seymour (Sypniewski). Tudor Parliaments were an essential aspect of English government and administration in the sixteenth century. After the Kings Council, Parliament was the nations most important institution. In Tudor times most important decisions concerning government were made by the king or queen and a small group of advisers called the Privy Council. However, before these decisions became law, they had to be passed by Parliament. Parliament was the House of Lords and the House of Commons. The House of Lords was made up of about sixty Bishops, Dukes, Earls and Barons. It was unusual for members of the House of Lords to criticize the kings policies. If they did so, they were in danger of being stripped of their titles. Members of the House of Commons were more independent as they were sometimes elected by the people who lived in the area they represented. However, few people had the vote and in many cases the largest landowner in the area decided who went to Parliament. Parliament was much of an occasional institution. Meaning Parliament was active under the Tudors, and exceptionally active in the reign of Henry VIII. Henry VIII was in favor of holding regular Parliaments (Shostak 57). When Henry was in conflict with the Pope in Rome, he claimed that the votes taken in Parliament showed he enjoyed the support of the English people. Elizabeth held fewer Parliaments than her father. On average, she held a Parliament once every four years. Elizabeth made it clear that members of the House of Commons had complete freedom of speech. However, she believed that certain issues such as religion or foreign policy were best left to her and her Privy Council (tudorhistory.org). Henry VIII wanted an annulment of his marriage on the grounds that there had been adultery. Although, nobody knows if this was true or not, was a way out for Henry and a chance for him to marry Anne Boleyn, who he hoped would give him an heir. He sent Cardinal Wolsey to the Pope to plead his case, but he failed, for this reason Henry VIII dismissed him in 1529. However, in 1533, Thomas Cranmer, the Archbishop of Canterbury, deserting the Catholic faith, granted the annulment. He passed legislation restricting papal jurisdiction in England and eventually, passed the Act of Supremacy, making him the Head of the church in England (Jokinen). Thomas Cranmer suggested Henry to abolish and destroy the monasteries, since they were very rich and confiscated their wealth and properties for his own use (Jokinen). Through the Act of Supremacy, he declared himself to be the only Supreme Head in Earth of the Church of England instead of the Pope (Jokinen). Henry VIIIs courtships were equally sexually driven. He wooed Jane Seymour with gifts and bribes to members of her family, but only decided to abandon Anne Boleyn days and possibly hours before she was arrested. In the case of Katherine Howard the transition from would-be mistress to consort is evident. Henry was in full pursuit within weeks of seeing her, not without a degree of encouragement on her part which should have indicated to him that she was more experienced than was claimed (Jokinen). They were married three weeks after the Cleves divorce and by then Katherine may already have begun sleeping with Henry. The Elizabethan Era was full of controversy and obstacles for many of its historical characters to overcome. The six different wives of King Henry VIII experienced first hand controversy due to the King’s love of women as well as power. Although King Henry VIII married six different women, his decisions helped to change and fascinate the course of history for the modern world to reflect.

Genes Encoding HLA Antigens

Genes Encoding HLA Antigens The genes encoding HLA antigens are clustered on chromosome 6p21 at the telomeric end of the HLA region. Relatively few HLA class I genes are transcribed or translated.The expressed class I genes are subdivided into class Ia, which includesHLA-A, -B,and -C, and class Ib, which includes HLA-E, -F, and -G. As a non-classical major histocompatibility complex class I molecule, HLA-G is expressed predominantly and restrictedly in extravillous trophoblast cells at maternal–fetal interface. Alternative transcription of spliced HLA-G mRNAs encodes at least seven different HLA-G iso- forms, namely the membrane-bound HLA- G1, -G2, -G3 and -G4, and the soluble HLA-G5 and -G6 and –G7 proteins (1, 2). Experiments in vitro showed that HLA-G may contribute to maternal acceptance of the semi-allogenic fetus, by suppressing the maternal immune system during.it has been shown to bind to the immunoglobulin-like transcript (ILT)-2 and killer inhibitory receptor (KIR)2DL4 (p49) inhibitory r eceptors on NK cells and confer protection to extravillous trophoblasts (EVTs) via these receptors (3)(Figure2). This suggests that the interaction between HLA-G and immunocompetent cells at the placental interface could be critical in determining the outcome of pregnancy. In this regard, it may be helpful to look for deviations in these interactions by studying early pregnancy disorders of unknown aetiology (4). Among its several limited polymorphisms, the 14-bp ins/del polymorphism at 3 ´ untranslated region (3 ´UTR) of HLA-G gene has been shown an important role in post-transcriptional regulation of HLA-G molecule(5). Reports indicated that 14-bp polymorphism is associated with HLA-G mRNA stability and isoform alternative splicing patterns, therefore may influence functionality of HLA-G in pregnancy (6). In the present study, we analysed the 14-bp insertion ⠁„ deletion polymorphism in normal pregnancy and recurrent miscarriage patients with different miscarriage frequencies and discovered a possible correlation between the 14-bp polymorphism and recurrent miscarriage. Material and methods We carried out a case–control study. Peripheral blood samples were obtained from iranian women who had been seen at the infertility center in Yazd city during 2013 to 2014 for the evaluations of recurrent miscarriage. All of these women had regular menstrual cycles and were health. We analyzed a total of 200 patients with three or more recurrent spontaneous abortions (as a case group) and 200 healthy women without any history of abortion (as a control group). During the entire investigation period the current laws of ethical committee were followed; the patients gave their informed consent for use of their blood collected. Studied patients were without anatomical, microbial, viral, genetical disease and hormone profile tests and tests for ovulation and tubal patency were normal. Male partner’s semen analysis were included in the study. According to medical evidences, etiology of these abortions are unexplained. The following data for the patients were obtained: age, age at each abortion, numbers of abortions, time of abortion during each pregnancy, familial history of abortion, occurrence of bleeding and pain during abortion. Genotyping of the 14-bp insertion ⠁„ deletion polymorphism The blood samples of the control group and of the patients were collected in tubes containing EDTA. The molecular analyses were performed using DNA extracted from peripheral blood leukocytes with a routine salting out procedure. The 14-bp insertion ⠁„ deletion polymorphism was genotyped using the polymerase chain reaction (PCR). The amplification was done using the forward primer 5 ´-GTGATGGGCTGTTTAAAGTGTCACC-3 ´ and the reverse primer 5 ´-GGAAGGAATGCAGTTCAGCATGA-3 ´ for the HLA-G 14 bp insertion/deletion polymorphism analysis. PCR products were run on 1% agarose gel electrophoresis. The sizes of the PCR products were confirmed by sequence analysis. The PCR products of exon 8 were analysed by 10% nondenaturing poyacrylamidel gel electrophoresis containing ethidium bromide and visualized under ultraviolet light. PCR products were of either 224 or 210 bp, respectively,depending on the insertion/deletion of the 14 bp in exon 8. The cycling conditions used were: 94  °C for 5 min; 35 cycles of 94  °C for 1 min, 55  °C for 1 min, 72  °C for 30 s; and a final cycle extension at 72  °C for 5 min. Statistical analysis The data were analyzed by using the Chi-square test in the presence and absence of 14-bp insertion ⠁„ deletion polymorphism expressing individuals. Odds ratio was calculated with a confidence interval of 95 %. The data were processed by SPSS 16 software. The significance level of the tests for considering Pvalues as significant was set to Results HLA-G genotype frequencies were in agreement with a Hardy–Weinberg equilibrium in this study. Depending on the 14-bp deletion homozygotes, 14-bp insertion homozygotes or +14-bp ⠁„-14- bp heterozygotes of exon-8, the size of the amplified PCR products was either 224 or 210 bp or both in the case of heterozygotes (Figure 1) and was confirmed by DNA sequencing (Figure 2). Our results showed that both the +14-bp ⠁„-14- bp and -14-bp ⠁„-14-bp genotype frequencies were not significantly different between patients with recurrent miscarriages and fertile controls. However, the genotype frequency of +14-bp ⠁„ +14-bp homozygotes was significantly increased in those with recurrent abortions (three or more abortions) as compared with normal fertile controls. The mean age in the case group was: 35.3 yr  ± 5.8 (range 19–43), the mean age in the control group was: 34.9 yr  ± 3.2, (range 20–41) (Pvalue =0.40), in addition, some features of patients shown in Table 1. Distribution of the genotypes in the RSA patient and control groups is shown in Table 2. Frequencies were consistent with those previously reported by other investigators. (p value =) Discussion For more than two decades, the non-classical human leucocyte antigen (HLA) class I molecule HLA-G has been supposed to be an important immunoloregulation molecule in the maintenance of foetal–maternal immunotolerance. HLA-G has the ability to inhibite immune cell functions like natural killer cells, cytotoxic T cells and dentritic cells. In our study, we focused on the 14-bp deletion ⠁„ insertion polymorphism in the 3 ´ UTR of exon 8 of the HLA-G gene,which may contribute to the regulation of HLA-G expression. Our results showed that there were more women who were heterozygous in RSA group than in the fertile controls. Also the frequency of the +14-bp variant showed a significant increase in patients with three or more miscarriages. Thus, our data suggest that there is a detectable relationship between susceptibility to recurrent miscarriages and +14-bp homozygotes of the HLA-G locus.A report by Hviid et al. showed a significant over representation of the 14-bp +⠁„ + 14-bp HLA-G genotype in a recurrent miscarriage group. Although no significant difference was observed for the 14-bp +⠁„+14-bp genotype between the recurrent miscarriage and the control groups in their study, the same trend was found by Yan et al. Their hypothesis was that the frequencies of the HLA-G genotype, homozygous for the + 14-bp sequence, would be higher in women with several unsuccessful IVF treatments or with recurrent miscarriage than in control groups. This hypothesis was based on a previously published study. HLA-G alleles may result in different levels of HLA- G proteins. To date, the 14-bp deletion has been assigned to the G*010101, G*0102 and G*010401 alleles, and the 14-bp insertion to the G*010102, G*010103, G*0103, G*0105N and G*0106 alleles. Rebmann et al. reported that alleles G*01013 and G*0105N with the +14-bp sequence are known as ‘lowsecretor’ alleles, and are associated with reduced soluble HLA-G levels . Thus, The 14-bp insertion in ex on 8 of the HLA-G gene may be associated with low levels of plasma soluble HLA-G. Low concentrations of soluble HLA-G in maternal serum appear to be correlated with adverse pregnancy outcomes in IVF pregnancies .If the HLA-G ‘low-secretor’ allele is a factor involved in the pathogenesis of recurrent miscarriage, one would expect an increase in the number of carriers with the number of recurrent miscarriages , which is in agreement with the results of this study. The HLA-G 14 bp insertion ⠁„ deletion polymorphism may, in turn, affect the serum levels of sHLA-G and pregnancy maintenance, although the exactm mechanisms will require further study. The reason may be explained as follows, serum secreted HLA-G is conductive to early embryo implantation, as insufficient serum sHLA-G pro- motes trophoblasts attack by the mother’s immune cells induced by early embryonic trophoblast invasion of spiral arteries. This can result in a loss of implantation andpregnancy mai ntenance, leading to embryo loss as unexplained recurrent miscarriage .Based on these observations, our data indicate that the difference in HLA-G 14-bp genotype frequencies is not highly significant in this study. Probably, HLA-G as a single factor has a very modest effect in relation to risk for recurrent miscarriage. However, more genotyping investigations and functional studies on immune regulation are essential to elucidate the role of HLA-G in pregnancy. HLA-G gene encodes four membrane-bound and three soluble HLA-G isoforms by alternative splicing (16). The 14- bp insertion/deletion polymorphismin exon 8 of the HLA-G gene has been reported to be associated with HLA-G mRNA stability and splicing patterns, thus may play a role in the context of HLA-G functionality during pregnancy (17). Few studies on 14-bp polymorphism have been carried out in the association with RSA to date. A study by Tripathi et al. (14) indicated that 14-bp polymorphism is not a susceptible risk factor fo r RSA, but the number of heterozygotes (14bp1/2) was increased in the RSA group. However, another study indicated that homozygosity for the presence of the 14-bp polymorphism was higher in women with RSA than in the control groups (13). Recently, a report by Hviid et al. (15) showed a significant over- representation of 14bp 1/1 HLA-G genotype in the RSA group. Although no significant difference was observed for the 14bp 1/1 genotype between the RSA and the control groups in the current study, the same trend was found. In regard to the frequency of 14bp 1/2 heterozygotes, our study is inconsistent with that by Tripathi et al. (14) where more number of heterozygotes was observed in the RSA group. The discrepancy may be the result of ethnic variations, for a significantly different distribution of the 14-bp genotype was observed among Chinese, Danish, and Indian populations (Table 2) (14, 15). The 14-bp polymorphisms are involved in the stability and splicing patterns of the HLA-G mRN A isoforms. A rather detailed study by Hviid et al. (10) addressed that the HLA-G isoform transcripts were at a significantly lower level than the corresponding HLA-G isoform mRNA with the 14-bp sequence deleted, and an additional alternative splicing pattern, especially the HLA-G2 mRNA, could be observed with the presence of the 14-bp sequence. In accordance with this, a study by Rebmann et al. reported that HLA-G allelic variants are associated with plasma-soluble HLA-G levels. Alleles G*01013 and G*0105N with the 14-bp sequence are known as ‘low-secretor’ alleles, whereas alleles without the 14-bpsequence such as G*01041 are known as ‘high-secretor’ alleles, which are associated with elevated soluble HLA-G levels (18).Therefore, particular HLA-G alleles may result in different levels of HLA-G proteins. In the current study, higher frequencies of the 14-bpinsertion allele in RSA group may be a reflection of the association between the 14-bp insertion and the altered balance in HLA-G mRNA isoforms and probably the protein concentration. A recent report by Yie et al. (19) addressed that the embryos that express HLA-G benefit a higher in vitro fertilization rate. To the contrary, low soluble HLA-G seems to be correlated with an adverse pregnancy outcome (20). Taken together, our data indicated that the 14-bp insertion allele might have importance in the outcome of pregnancy. However, more genotyping investigations and functional studies on immune regulation are essential to elucidate the role of HLA-G in pregnancy.

Compare and contrast the styles and techniques of two of the Wilfred :: English Literature

Compare and contrast the styles and techniques of two of the Wilfred Owen poems you have studied to demonstrate the poet's attitude to war Wilfred Owen was a war poet from the First World War; he was born in 1893 and died in 1918, whilst fighting in the "Great War". He wrote his poetry while sitting as an injured soldier on a hospital bed, and many say this is where he developed his flair for writing. In this essay, I have decided to analyse two poems; "Dulce et Decorum est" and "Anthem for Doomed Youth". In my opinion both of these poems portray Owen's anger towards the war, but do so in very different ways. I am going to compare and contrast the two poems, so that I get a better idea of Owen's attitude to war. Themes are important to any poem because it is what they are about. The main theme in "Dulce et Decorum est" is that it is not a glorious thing to fight for one's country; it is actually a horrific and traumatising experience. This is ironic because the name of the poem translates to "It is a glorious and honorable thing to fight for one’s country". I think Owen has done this so that he can lead up to the last line where he is urging people back at home to cease telling their children the "old lie" and to me this is effective. Stanza three is writing about the tragedy of war; it says "Obscene as cancer", and I think this is a useful simile because it is something that people back at home, reading the poetry, could relate to. Another theme of this poem is death; there are many occasions in which Owen talks about death. I have chosen "guttering, choking, drowning" as an example because it portrays an image of a horrific and painful way of dying. Another example of death is â€Å"white eyes writhing in his face, his hanging face† this is effective to me because the use of repetition emphasises the state in which the soldier is in, and draws a vivid images in the readers mind. I think these themes show that Owen has a bitter attitude towards war because he seems to only mention a bad side of war as if there is no glorious part. The main theme in stanza one of "Anthem for Doomed Youth" however is the lack of a funeral for people dying in the war. An example of this is "choirs of wailing shells"; this means that the only choir they have when they die is the sound the shells make as they move through

Earning Management Essay

â€Å"Earning Management† refers to those accounting practices that may follow the letter of the rules of fundamental rules of accounting practices but unethically misrepresented to the users of accounting information. For the personal interest managers often try to show outstanding performance of the business and use the strategic way to falsify Income, Assets or Liabilities. Earning Management as generally understood refers to systematic misrepresentation of the true income and assets of corporations or other organizations. â€Å"Creative accounting† is at the root of a number of accounting scandals, and many proposals for accounting reform – usually centering on an updated analysis of capital and factors of production that would correctly reflect how value is added. Quality of accounting information is one of the Fundamental Concepts of Accounting Framework. Where it’s mentioned that, accounting information must be Relevant, Reliable, Comparable, and Consistent & Comparable (Intermediate Accounting by Keiso, Weygandt, Warfield, 12th edition). Unless having these qualities a report cannot be treated as qualified. â€Å"Managers that always promise to â€Å"make the numbers† will at some point be tempted to make up the numbers†. – Warren Buffet Definition of Earning Management * Managing earnings is â€Å"the process of taking deliberate steps within the constraints of generally accepted accounting principles to bring about a desired level of reported earnings.† (Davidson, Stickney and Weil (1987), cited in Schipper (1989) p. 92) * Managing earnings is â€Å"a purposeful intervention in the external financial reporting process, with the intent of obtaining some private gain (as opposed to say, merely facilitating the neutral operation of the process).†Ã¢â‚¬ ¦ â€Å"A minor extension of this definition would encompass â€Å"real† earnings management, accomplished by timing investment or financing decisions to alter reported earnings or some subset of it.† (Schipper (1989) p. 92). * â€Å"Earnings management occurs when managers use judgment in financial reporting and in structuring transactions to alter financial reports to either mislead some stakeholders about the underlying economic performanc e of the company or to influence contractual outcomes that depend on reported accounting numbers.† (Healy and Wahlen, 1999, p. 368) Motivators Earning Management * Meet financial analysts’ estimates of earnings that leads to performance-based compensation * Raise the stock price thereby enhancing the value of stock options * Smooth net income making it appear that the earnings are increasing at a steady rate * Make it look as though future earnings are higher than they really are by establishing â€Å"cookie jar reserves† (inflated expenses) in the current year that can be drawn on in future years. (Dr. Steven Mintz, Professor and Area Chair, Cal Poly, San Luis Obispo) Conceptual Framework for Financial Reporting From this figure we’ve indicated that in the level – 2, where bridge between 1&3 creates should be the concerning point of maintaining the qualities of Accounting Information. Qualities are not only help to detect falsification, but also helps users to take decisions. Primary Qualities: * Relevance – It helps users to predict the ultimate outcome of past, present, and future events. It also helps users to predict that, how much loss/profit company can made. * Timeline – Specific timeline of accounting period helps users to trace out the business performance over the years. * Reliability – To assure that the information is verifiable, faithful and reasonably free of error and bias. Secondary Qualities: * Comparability – The reported information should be measured such a way that it can be compared with other company’s reports. * Consistency – Treatment of similar events from period to period must be used by same accounting standards. Standards cannot be changed suddenly, unless it’s proved that new method is better than previous. Perspective of Earning Management There are two perspectives on earnings management. (1) the Opportunistic perspective, states that managers seek to mislead investors by showing attractive & predetermined accounting information, (2) the Information perspective, first enunciated by Holthausen and Leftwich (1983), under which managerial carefulness is a means for managers to reveal to investors their private expectations about the firm’s future cash flows. (Earnings Management: A Perspective by Messod D. Beneish) Accrual vs. Earning Management Plenty of research report shows managers try to use Accrual in financial engineering. Accruals are the difference between net income and cash flows. For example, when companies sell items to others on credit during a growth period, the sale creates an accrual of revenue. When companies engage in earnings management, they can increase or decrease income by creating accruals; these are often referred to as non – discretionary (flexible) accruals. Reasons behind using accrual as the engineering tool are – * Accruals are the principle product of GAAP, so it’s easy to do falsification with camouflage. * Accruals resolve some problems related with the effects choosing various accounting methods. * It will be hard for investors to see effect of unobservable components of accrual. Types of earnings management Theoretically there are two types of earnings management. They are income increasing and income decreasing earnings management (Messod, 2001). a) Income Increasing earnings management: As the name suggests, income increasing earnings management is the process to boost up net income of the company intentionally (to hide the poor performance) so that investors get some wrong signal about the firm’s financial position and performance and make the decision of investing in to company (Messod, 2001). Management are motivated towards increasing earnings management because of getting more debt and equity Financing. b) Income decreasing earnings Management: This process of earnings management is done by decreasing the amount of net earnings. Management is more involved in income decreasing earnings management is to get future compensation like: reducing this month’s earnings by increasing expenses, they ensure the profit from the next month. Also tax avoidance, import tariff rel ief, union negotiations etc. are other reasons for manager’s motivation towards income decreasing earnings management (Messod, 2001). In corporate world these are the types of earning management mostly done by the management: a) Revenue and Expense Recognition Under standard accounting rules, a company must record revenue in its books when it earns that revenue — not when it actually receives payment. Similarly, it must record expenses when it incurs them — not when it actually pays money. These rules leave room for companies to manipulate their numbers for earnings management (www.budgeting.thenest.com). For example, say a company signs a deal on December 1 to buy $1 million worth advertising time on TV over the next two months. The company could recognize the entire expense in December, recognize the whole thing in January or split the difference. If it records it all in December, then that year’s profit will be lower by $1 million — but the company will get a â€Å"head start† on the next year’s profit by not having any advertising expenses in January. Profits have been shifted from one year to the next with an accounting trick. b) Cookie Jar Reserves Companies shift earnings around by creating overly large reserve accounts in good years, then drawing them down in bad years. For example, when a company sells a product with a warranty, it must recognize the estimated expense of honoring that warranty at the same time it books the revenue (www.budgeting.thenest.com). A company might conclude that it incurs warranty costs of $10,000 for every $1 million in sales. If it’s having a particularly profitable year, it might decide to take a $30,000 warranty expense per $1 million in sales. That builds up a big warranty reserve now so that the company doesn’t have to record warranty expenses in the future, thus shifting profits from one period to the other. This tactic goes by the name â€Å"cookie jar accounting,† because it essentially stashes excess profits away to be used when needed. c) The Big Bath There will be times when a company simply can’t avoid a bad year. No matter what it does, it’s going to post a loss because of a sour economy, unfavorable market conditions, and legal trouble, whatever. Some companies, though, deliberately make a bad year even worse by shifting all kinds of expenses, one-time charges and write-offs into that year and shifting revenue out of it. This allows it to inflate profits in future years (www.budgeting.thenest.com). The reasoning behind this strategy is that if the company is going to â€Å"take a bath,† it might as well take a big bath. The company’s stock price was going to suffer anyway, the thinking goes, and the damage probably won’t be that much worse if the company inflates the loss. Indicators of Earnings Management We have find out five factors which can be important indicators of earnings management: a) Political connection and earnings management: Firms with political connection (large number of stockholder, or CEO or board of directors of the company is a parliament member) are more involved in earnings management (Paul, Mara and David, 2010). Mainly the reasons are- political leaders help the particular firm involved in earnings management to avoid penalization by SEC and also political leaders use these companies’ financial performance and position to increase their public image. b) Internal Audit and earnings management: This one is another major indicator of earnings management. If the quality of internal quality is low there are some possibilities of earnings management. According to the research, if a company is having high quality internal audit, they might be less motivated towards earnings management (Douglas, Jason and David, 2008). Main reasons are: these internal auditors are more professional, responsible towards their job and they barely miss the expert’s expectations. c) Financial transparency and earnings management: Many studies have shown that financial transparency and earnings management are related. If a particular financial report is more transparent then the manager are less interested toward earnings management (James, Robert and Cheri, 2004) The main reason behind this situation is detail information about the accounts including: change in depreciation methods, details about each and every account will help investors to find out any manipulation done by the manager.

A Modest Proposal Review essays

A Modest Proposal Review essays A Modest Proposal by Jonathon Swift, in my opinion, is a brilliant piece of literature. The idea of taking a social matter of his time, that was incredibly absurd, and made it even more absurd and gruesome. I found it easy to figure out his sense of satire in the writing, and personally dont understand how others couldnt see what he was really trying to say. How could you take someone completely seriously, especially of Swifts stature, who published a piece about eating babies? Not only is it well written and funny, but also I think it is a great insult to the people who treated the Irish so horribly. To personally see the rise Swift got out of people is amazing. To see classmates get visibly mad over the work, is incredible. It is exactly what Swift wanted to do. I find controversial work very interesting, whether it is literature, music, or television. I love seeing what can be said or done to make people raise an eyebrow. I think Swift definitely had it down to an art, on how to get a rise out of people. Finding the piece interesting and controversial, I dont know if it was a good way to get his point across to the people. Those who found his ideas grotesque and idiotic, thought just that. They didnt see what he was really trying to say, or prove. The thought of eating babies almost seems to overwhelming to some, that they cant tap in to the real meaning of A Modest Proposal. Jonathon Swift definitely got everyones attention, whether good or bad, and I think that is what he wanted to do. I personally found A Modest Proposal intriguing and hilarious. The way swift got some people so steamed is also humorous to me. Swift proved that he was way ahead of his time with this work by throwing out a completely absurd idea, and running with it to the fullest extent. Many artist of today would never tread those waters, and those who do, seem t...