Accounting Fraud, the Investor and the Sarbanes Oxley Act...

Accounting Fraud, the Investor and the Sarbanes Oxley Act Throughout the past several years major corporate scandals have rocked the economy and hurt investor confidence. The largest bankruptcies in history have resulted from greedy executives that â€Å"cook the books† to gain the numbers they want. These scandals typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of assets or underreporting of liabilities, sometimes with the cooperation of officials in other corporations (Medura 1-3). In response to the increasing number of scandals the US government amended the Sarbanes Oxley act of 2002 to mitigate these problems. Sarbanes Oxley has extensive†¦show more content†¦Older employees may never even get to retire because their entire pensions will disappear. Creditors and investors will also lose a great deal of money if not all of it. When this happens it affects every publicly h eld company. Investors get nervous with their money and take it out of capital markets (Tate). Without investors money companies cannot take advantage of new ideas and thus cannot expand and grow. Without growth the national economy can fall into recession, unemployment will increase, and the quality of life will decline. This is the worst case scenario but with current talk of recession it would be best to keep investors happy. Many people think that accounting fraud will not directly affect them but that is far from the truth. In the past wake of bankruptcies millions of Americans who were heavily invested through their 401(k) retirement plans in the stock market had to postpone retirement and rethink their investment strategy. According to one estimate, American workers lost $175 billion in retirement savings during this time. The losses came at a time when 401(k) plans had become very popular with employers, replacing defined benefit pension plans that guaranteed a set amount of money during an employees retirement. Any person who plans on retiring that isn’t already wealthy will have to rely on the stock marketShow MoreRelatedCorporate Scandals And The Implact Of The Sarbanes Oxley Act1472 Words   |  6 PagesA LOOK AT CORPORATE SCANDALS AND THE IMPLACT OF THE SARBANES-OXLEY ACT OF 2002 I. INTRODUCTION An economic boom filled with fraud, collapsed in the early 2000s with the unravelling of Enron in October 2001 followed by the implosion of WorldCom and many others big corporations. The downfall of these major companies led to a wide spread crisis of confidence in the financial markets. A crisis caused by executive greed was able to be magnified when the gatekeepers, the auditors, lawyers and analystsRead MoreThe Sarbanes Oxley Act Of 20021563 Words   |  7 PagesThe Sarbanes-Oxley Act of 2002 (SOX) was enacted to bring back public trust in markets. Building trust requires ethics within organizations. Through codes of ethics, organizations conduct themselves in a manner that promotes public trust. Through defining a code of ethics, organizations can follow, the market becomes fair for investors to have confidence in the integrity of the disclosures and financial reports given to them. The code of ethics includes the promotion of honest and ethical conductRead MoreThe Sarbanes-Oxl ey Act Essay1162 Words   |  5 PagesIntroduction The Sarbanes-Oxley Act, or SOX Act, was enacted on July 30, 2002. Since it was enacted that summer it has changed how the public business handle their accounting and auditing. 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The main aspects of the regulatory environment are based on the different laws and regulationsRead MoreThe Sarbanes Oxley Act ( Sox )1728 Words   |  7 Pagesone of the biggest accounting scandals of all time. They perpetrated over *1 $3.8 billion in fraud, leading to a loss of 30,000 jobs and $180 billion losses for investors . This is one of the several accounting scandals that led to the passing of Sarbanes-Oxley Act, which introduced the most comprehensive set of new business regulations since the 1930’s. The Sarbanes-Oxley Act (SOX) is an act that was passed by United States Congress in 2002. This act safeguarded investors from the likelihoodRead MoreEssay on Acc 564 Assignment 11054 Words   |  5 PagesAuditing I | Sarbanes Oxley Act | Assignment 1 | | Rachael Lantz | 8/15/2012 | | Since the financial crisis investors have become less confident in the companies within the market. 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Financial Analysis

Question : Discuss about the Fanancial Analysis ? Answer : Introduction Al Anwar Ceramic Tiles Company is a manufacturer of Ceramic Tiles in the Sultanate of Oman. Founded in 1998 and having its headquarters in Muscat, it has seen a fast growth and has been able to establish itself well. In the year 2015, the industry faced a challenging task and hence the gross revenue was on the lower side that is 27.4 million and a revenue decline of 4.6% as compared to the year 2015 was observed. Various other incomes declined and the net profit stands at 6.54 million (Bloomberg, 2015). The company is highly engaged in regular enhancement programs, global sourcing in an effective manner, employment of strategies that are appropriate to nature, etc. all the factors has helped the company to lessen the down time and enhance the yield. Dhofar Cattle Feed Company was founded in 1984 with the mission of producing the best quality animal feed. Over years, it has today grown to have an installed production capacity of 400,000 MT/Annum. Experienced professionals in quality standards and excellent sales and marketing abilities make it one of the best in this field. The performance of the segment of the poultry is badly impacted due to import that is low in terms of cost and the local manufacturers are not able to match the imported cost (Bloomberg, 2015). Despite the challenges, the company put a satisfactory performance and this can be cited due to the management of the company and internal control. Vertical Horizontal Analysis A vertical analysis of the balance sheets of both the companies for the years 2015 and 2014 is conducted and the results are tabulated below: Al Anwar Ceramic Tiles DhofarCattle Feed company Current Assets 2015 2014 2015 2014 Cash Cash Equivalents 0.45 2% 1.92 10% 0.52 3% 0.44 3% Short Term Investments 8.59 39% 5.00 25% - 0% - 0% Receivables 8.81 40% 8.34 41% 7.77 41% 8.10 47% Inventories 3.95 18% 4.80 24% 10.81 57% 8.66 50% Prepaid Expenses - 0% 0.11 1% - - TOTAL 21.80 100% 20.17 100% 19.10 100% 17.20 100% Non Current Assets Plant Equipment 20.5 82% 21.77 77% 23.9 48% 24.79 48% Long Term Investments 4.65 18% 6.44 23% 25.74 51% 26.92 52% Intangibles 0 0% 0 0% 0.34 1% 0 0% Other Long Term Assets 0 0% 0 0% 0.28 1% 0.22 0% TOTAL 25.15 100% 28.21 100% 50.26 100% 51.93 100% Less: Current Liabilities Trade Payables 3.53 81% 2.18 43% 5.49 24% 7.88 34% Short Term Debt 0 0% 0 0% 15.75 69% 14.21 62% Capital Leases 0 0% 0 0% 1.66 7% 1.16 5% Accrued Expenses 0 0% 1.61 32% 0 0% 0 0% Other Current Liabilities 0.85 19% 1.31 26% 0.05 0% 0.05 0% TOTAL 4.38 100% 5.1 100% 22.95 100% 23.3 100% Non-Current Liabilities Deferred Income Tax 0.41 36% 0.38 26% 0 0% 0 0% Other Long Term Liabilities 0.72 64% 1.08 74% 5.77 100% 5.13 100% TOTAL 1.13 100% 1.46 100% 5.77 100% 5.13 100% It can be seen that Receivables constitute a majority portion in Al Anwar whereas inventory constitutes a major portion of current assets in Dhofar Cattle Feed Company. The Plant Equipment is the major portion in Al Anwar whereas Long Term Investments are major in the Current Assets division for Dhofar. Trade Payables occupies a major portion in Current Liabilities section in Al Anwar whereas Short Term Debt occupies a major position in Dhofar. A horizontal analysis of the Income Statement and Balance Sheet figures reveals the below results: DhofarCattle Feed Company Particulars 2013 2014 2015 Revenue 29.52 100% 31.87 8% 43.87 49% Cost of Revenue 25.55 100% 27.2 6% 34.56 35% Gross Profit 3.97 100% 4.67 18% 9.31 135% Total Operating Expenses 32.73 100% 34.87 7% 43.02 31% Operating Income -3.21 100% -3 -7% 0.85 126% Income before Taxes -2.88 100% -2.88 0% 1.24 143% Net Income -3 100% -2.67 -11% 1.33 144% Current Assets 13.24 100% 17.20 30% 19.10 44% Non Current Assets 49.76 100% 51.93 4% 50.26 1% Total Assets 63.00 100% 69.13 10% 69.36 10% Current Liabilities 16.83 100% 23.3 38% 22.95 36% Non Current Liabilities 2.48 100% 5.13 107% 5.77 133% Total Liabilities 19.31 100% 28.43 47% 28.72 49% Stockholders Equity 43.69 100% 40.7 -7% 40.63 -7% It can thus be seen that the initial loss-making company has turned profitable in the year 2015. As the total assets have increased by 10%, the total liabilities have increased by 49% and there is also a drop in the stockholder's equity by 7%. Al Anwar Ceramic Tiles Particulars 2013 2014 2015 Revenue 26.41 100% 28.78 9% 27.44 4% Cost of Revenue 13.19 100% 13.90 5% 14.43 9% Gross Profit 13.22 100% 14.88 13% 13.01 -2% Total Operating Expenses 18.29 100% 19.83 8% 20.45 12% Operating Income 8.12 100% 8.95 10% 6.99 -14% Income before Taxes 8.95 100% 11.05 23% 7.42 -17% Net Income 7.89 100% 9.77 24% 6.54 -17% Current Assets 15.92 100% 20.17 27% 21.80 37% Non-Current Assets 28.26 100% 28.21 0% 25.15 -11% Total Assets 44.18 100% 48.38 10% 46.95 6% Current Liabilities 5.98 100% 5.10 -15% 4.38 -27% Non-Current Liabilities 1.14 100% 1.46 28% 1.13 -1% Total Liabilities 7.12 100% 6.56 -8% 5.51 -23% Stockholders Equity 37.05 100% 41.46 12% 41.44 12% According to the figures, there is a 24% increase in the net income for the year 2014 but 17% drops in the same for the year 2015. Current Assets have seen a good increase while current liabilities have dropped and the shareholders equity has also increased by 12% which is a good sign. Cost-volume-profit analysis A cost-volume-profit analysis of both the companies reveals the following: In the case of Al-Anwar, as the sales have increased, the cost of revenue has fallen for the year 2014 leading to a good gross profit margin. But for the year 2015, the sales has fallen still the costs of revenue which comprise of direct costs has risen sharply implying the increased prices of direct materials, labor and overheads. The result is a negative gross profit (Deegan, 2011). In the case of Dhofar, the increase in costs of revenue is lower than the increase in revenue for the year 2014 and it continues to remain the same for the next year also. This indicates that the trend of price rise is directly proportional to the increase in revenue (Melville, 2013). On comparison, it can be said that Al Anwar seems to be hit badly by the increasing costs whereas Dhofar has been able to manage and retain its cost-volume-profit ratios. Investment Appraisal Techniques Analysis In the case of Al-Anwar, it can be said that 1OMR invested in 2013 has depreciated by more than 50% as on date. Thus the NPV and Pay Back period is currently negative and long term investors have definitely lost money on this stock (Parrino et. al, 2012). In the case of Dhofar, let us assume 1OMR invested in 2013 has remained at almost the same rate, which helps us infer that the stock has seen some ups and downs but has not led to any huge profits or losses. The NPV and payback periods can vary from a year to more (Williams, 2012). Analysis of Profitability and financial performance Al Anwar is a loss making the company and even the current years quarterly financial figures are not very impressive. Dhofar has also not been able to produce great results for the three-quarters of the current year 2016, but on a consolidation of the full years profits, there could be some recovery and improvement noticed in comparison to the prior year (Graham Smart, 2012). The Ratios based on 2015 figures are tabulated below: Ratio Al Anwar Dhofar Cattle Feed P/E Ratio 13.59 91.91 Gross Margin 41.20% 19.59% Operating Margin 16.88% -0.70% Net Profit Margin 16.44% 0.32% Revenue/Share 0.08 0.56 Book Value/Share 0.13 0.49 Return on Equity 9.56% 0.30% Return on Assets 8.40% 0.20% Return on Investment 9.29% 0.31% Quick Ratio 3.93 0.53 Current Ratio 5.15 0.96 Debt Equity Ratio 0.00% 15.38% Asset Turnover 0.51 0.62 Inventory Turnover 3.19 3.21 Dividend Yield 11.70% 2.20% Dividend Growth 24.56% -33.51% The financial performance of Al Anwar for the year 2015 has been better than that of Dhofar according to the ratios. Also, it would be pertinent to note that Al Anwar is a completely debt free company, whereas Dhofar is having short and long term liabilities and debts. Apart from this, the return on equity, assets, and investment is better in the case of Al Anwar. The Dividend yield ratios and dividend growth have also proved to be good. Hence, these are the factors that an investor consider while investing in a company. The current and quick is very high that indicates the company will be able to discharge the obligation and at the same time it needs to be noted that the company has surplus cash and can be utilized or invested elsewhere to generate better returns (Davies Crawford, 2012). Business Performance using financial non-financial measures The financial measures are the ratios and figures calculated. The non-financial measures include the SWOT Analysis and Balanced Scorecard approach. The increasing technological problems, price changes and increasing rates of interests seem to be affecting Dhofar. Its peer players in this industry are seemingly performing better than Dhofar (Freedman, 2013). Al Anwar is having a reasonable performance when it comes to peer comparison, though it has been hit by the global recession and general increase in price levels, it is still able to maintain its dividends and profits (Freedman, 2013). SWOT Analysis of Al-Anwar Strength Profitability Sales network and distribution Weakness Productivity in future More investments in RD Opportunities Venture capital Threats Higher increment in the rate of interest Comparison of both companies At the current stage, both the companies are presumably in deep waters. It is difficult to recommend the purchase of any share. The ratios are better for Al Anwar though at a decreasing trend in comparison to the prior two years. Whereas the share price appreciation has not taken place for Al-Anwar and from this angle Dhofar is a relatively safer bet as it will not lead to capital deterioration. Hence this could be the time to wait for Al Anwars share price to show some steady and improved performance. Investment in Dhofar is not being recommended as the company is running in losses. Therefore, as per the given scenario, the performance of Al Anwar needs to be analyzed for a certain time frame and then a decision needs to be taken into consideration 9 Horngren, 2013). Which is better? From different angles, different companies are looking better. Hence to trademark any one company, Al Anwar can be said to be a better company than Dhofar though this in not the right time to invest in the shares of Al Anwar. As per the scenario and the analysis, it can be said that the company Al Anwar is a better bet and the performances indicates that. The computed ratio project that the ROE, ROA, and the liquidity are better as compared to Dhofar. However, there are some deficiencies and the industry is going through a tough time (Needles Powers, 2013). Hence, it is difficult to ascertain whether it is the bottom. Therefore, Al Anwar should be on the radar list and must be kept under consideration. Conclusion The financial analysis for Al Anwar has cited the dip in revenues and profitability of the company from the last three years. Apart from this, analysts are of the stand to hold the position on this share. The financial analyst's review has predicted the median estimates for the next one year to see a 47% increase in the share price from its current rate. The reality of the same can be predicted through the quarterly results. In the case of Dhofar, the revenues have grown with time (Spiceland et. al, 2011). Thus it is a safer bet in comparison to Al Anwar. It can be concluded that in the changing times as technology has advanced, investors are better informed and make real-time decisions about capital appreciation and dividend yields. Hence to survive in the competitive markets, efficiency in all areas of internal controls and cost controls can help the company achieve the desired profits and also keep investors happy. NET PRESENT VALUE METHOD PROJECT A Present Value of Inflow = Cash Inflow* Annuity Factor of 10%,5 years = 40,000 * 3.791 = Rs.1,51,640 Less: Present Value of Outflow = Rs.1,00,000 Net Present Value = Rs. 51,640 PROJECT B Present Value of Inflow = Cash Inflow* Annuity Factor of 10%, 5 years Cash in Flow D.Factor (10%,5 years) 60,000 0.909 30,000 0.826 20,000 0.751 50,000 0.683 50,000 0.621 Present Value of Inflow Present Value of Outflow Net Present Value INTERNAL RATE OF RETURN METHOD PROJECT A IRR =Cash Inflow* P.V of Annuity Factor = Outflow = 40,000*P.V of A.F = 1,00,000 = P.V of A.F = 2.5 TRIAL AND ERROR METHOD 27% =2.5827 29%=2.483 X=2.5 29-27 = 2.483-2.5827 X-27 2.5-2.5827 = X=28.66% IRR Cash in Flow D.Factor (30%,5 years) 60,000 0.769 30,000 0.592 20,000 0.455 50,000 0.35 50,000 0.269 Cash in Flow D.Factor (33%,5 years) 60,000 0.752 30,000 0.565 20,000 0.425 50,000 0.32 50,000 0.24 30% =1,03,950 33%=98,570 X=1,00,000 33-30 = 98,570-1,03,950 X-30 1,00,000-1,03,950 = X=32.20.% PROFITABILITY INDEX METHOD PROJECT A PI = PV of Inflow/PV of Outflow = 1,51,640/1,00,000 =1.5164 PROJECT B PI = PV of Inflow/PV of Outflow = 1,59,540/1,00,000 =1.5954 Project B is recommended because of the above-shown calculations. In the Net present value method, the cash inflow is Rs.51640 in Project A whereas the cash inflow is Rs. 59540 in project B.We can see that the cash inflow is more in project B so Project B is recommended. In the Interest rate of return method, the rate in case of project B exceeds project A which shows that Project B will help us to have more cash inflow. The rate in case of project A is 28.66% whereas in the case of project B it is 32.20%. Hence, project B is recommended. In Profitability method, the profitability index is more in the case of Project B. In the above calculations it has been shown that the cash inflow from project A is 1.5164 whereas in the case of project B it is 1.5954. Therefore, project B is recommended. (c) The terms which are measured numerically are called financial factors whereas the one measured subjectively is called non-financial factor. Following are the non-financial factors- (i) Corporate culture- The way a company performs its functions and carry out its operations shows its impact on capital investment. The change of way of communication or setting up of a new business building is some of the examples (Davies Crawford, 2012). (ii) The quality of products- There is a great impact of capital investment on the quality of the products. It is expected by the company to maintain a balance between the cost and the quality of the capital resources. This quality of the capital resources may have a negative or positive impact on the quality of the product that has been produced. Calculations showing contribution per unit. Particulars Product A(per unit) Product B(per unit) Sale Price 20 15 Material 10 9 Direct wages 3 2 Variable expenses 3 2 Contribution p.u 4 2 `Calculation showing total contribution and total profit. Particulars Situation 1 Situation 2 Situation 3 A B A B A B No. of units 100 200 150 150 200 100 Sales price 2000 3000 3000 2250 4000 1500 Material 1000 1800 1500 1350 2000 900 Wages 300 400 450 300 600 200 Variable expenses 300 400 450 300 600 200 Contribution 400 400 600 300 800 200 Total Contribution 800 900 1000 Fixed expenses 800 800 800 Total profit 0 100 200 The most profitable situation is when 200 units of A and 100 units of B is produced. The profit earned is more in situation 3 when compared to situation 1 and situation 2. The variable expenses are those expenses which increase with the increase in the output. Material cost and labor are variable expenses. The fixed expenses remain the same irrespective of the number of units produced. The total contribution is the highest in situation 3 and so is the profit. All the variable expenses are deducted from the sales value to get the total contribution. Then, fixed expenses are deducted from the contribution then we will get the profit (Libby et. al, 2011). References Bloomberg 2015, Company Overview ofDhofar Cattle Feed Co. S.A.O.G, viewed 19 December 2016, https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=10360554 Bloomberg 2015, Company Overview ofAl Anwar Ceramic Tiles Company SAOG, viewed 19 December 2016, https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=10360525 Davies, T. Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Deegan, C. M 2011, In Financial accounting theory, North Ryde, N.S.W: McGraw-Hill. Freedman, L 2013, Strategy, Oxford University Press Graham, J. Smart, S 2012, Introduction to corporate finance, Australia: South-Western Cengage Learning. Horngren, C 2013, Financial accounting, Frenchs Forest, N.S.W: Pearson Australia Group. Libby, R., Libby, P. Short, D 2011,Financial accounting, New York: McGraw-Hill/Irwin. Melville, A 2013, International Financial Reporting A Practical Guide, 4th edition, Pearson, Education Limited, UK Needles, B.E. Powers, M 2013, Principles of Financial Accounting, Financial Accounting Parrino, R., Kidwell, D. Bates, T 2012, Fundamentals of corporate finance, Hoboken, Series: Cengage Learning. NJ: Wiley Spiceland, J., Thomas, W. Herrmann, D 2011, Financial accounting, New York: McGraw-Hill/Irwin,University Press Williams, J 2012, Financial accounting, New York: McGraw-Hill/Irwin.

Walt Whitman Writings Essays - Brooklyn Eagle, Mystics, Walt Whitman

Walt Whitman Writings Perhaps the most basic and essential function of poetry is to evoke a particular response in the reader. The poet, desiring to convey on emotion or inspiration, uses the imagination to create a structure that will properly communicate his state of mind. In essence he is attempting to bring himself and the reader closer, to establish a relationship. William Carlos Williams contends that "art gives the feeling of completion by revealing the oneness of experience" (194) This argument relies on the precept that art is reality is not nature or a reflection of nature but a completely original creation. And additionally, that art is holistic, where one can experience the whole of reality through a particular. A poet's task is to write poetry that the reader can identify with, something congruent with the thoughts of those he is writing for (or to). If this can be accomplished, a connection is established, and poetry can act as a catalyst to initiate the imagination. In my first paper this semester I argued that Whitman uses sexual imagery as a rhetorical tool to arouse the reader. The result of this is congruent emotions within poet and reader that demonstrate an effective use of tone, through which Whitman can address the reader. "The mystic deliria, the madness amorous, the utter abandonment,/ (Hark close and still what I now whisper to you" (77). Whitman is specking directly to the reader, through an all-encompassing god-like persona. In "Song of Myself" Whitman reinvents himself as all of reality, and through the use of tone and imagery (shot establishes a relationship) draws the reader into his world. Williams' poetry is an attempt to establish a communion, of sorts, with the reader, as well. His poetry is an exploration of momentary images, a jagged journey through personal perception, that the reader can relate to. Williams' diction and visual presentation of words resists the artificial; his poetry has a rhythm that is natural and American, a gregarious appeal to the common man. In Spring and All Williams creates a persona that is appealing, establishing a relationship and affecting the reader. Both Whitman and Williams create a harmony between themselves and the reader that suggests the universality of experience. The creation of an acceptable persona is essential to Whitman's poetic program. In "Song of Myself" this is accomplished through a congenial style that consists of unbridled enthusiasm, a friendly voice; an image emerges of Whitman shouting at the reader, saying "Look what I've discovered!": "Stop this day and night with me and you shall possess the origin of all poems,/ You shall possess the good of the earth and sun" (25). His poetry is often conversational, lacking a highly structured form. From the beginning of "Song of Myself" it is clear that the poem is not merely a static, decorative creation, but that it is an act of communication between the poet and reader. When Whitman writes "what I assume you shall assume,/For every atom belonging to me as good belongs to you" (23), he implies a meeting of minds; not only is he going to address us but he is going to persuade us' because, he argues, we are all the same. He establishes a persona by not only speaking to us, but for us. Whitman becomes one with his audience, the American people' by presenting himself as the "archetypal average American" (xxvii). The persona that one senses emerging from Williams in Spring and All is a justified arrogance, a writer that will completely ignore convention in order to establish a tone. His mixture of verse and prose suggests a pragmatic technique, a willingness to use whatever means necessary to connect with the reader. In "Flight To the City," he explores imaginative associations connected with the night sky, and follows it with the statement, "So long as the sky is recognized as on association" (187). He speaks to the reader with sincerity, with an enthusiasm that often descends into madness: If I could say what is in my mind in Sanscrit or even Latin I would do so. But I cannot. I speak for the integrity of the soul and the greatness of life's inanity; the formality of its boredom; the orthodoxy of its stupidity. Kill! Kill! let there be fresh meat . . . (179) Spring and All is a map of Williams' imagination, a collection of poems cemented by "prose" explanation. He wants to leave no doubt about what he is expressing, presenting himself as his own critic. Like Whitman, the reader becomes part of Williams'

The Wall essays

The Wall essays The movie is basicly based on Pink Floyds life-story. And it all starts out with Pink Floyd having flashbacks of his earlier childhood, and remembering, when he was just a little kid going out in the playground, and playing all alone, and he had no father to be around him, whenever he needed him. And not having a father, that affected him the mostly very deep. He only had his mother to look after him, take care of him and protect him, which she also did, but it was still hard for him to be raised with one parent. And in the school, his teacher was very strict and rough against the children, and that also had an influence on him. But in his aduldt life, Pink Floyd is actually a musician and at first he is just a regular guy, but subsequently he begins to smoke and drink. The drinking and smoking causes him very serious issues, like his girlfriends leaving him and having an affair with another man. Then he finds another women, but scares her away later. And day after day it gets worse and worse for him, and he slowly becomes a drug addict. Then he lies back on his chair, isolated from everything, and living in a world of his own, he starts to think about his early days again. How it all began and how he had ended so far, as he is in this position. And in the end of the movie he gets picked up by his freinds, and they give him medicine, so he can get back on his feet again. Then they drive him to the show, so he can and make a speech, about his fasicm campaign. After the show his campaign ravages the stores, and other properties that belongs to foreigns. ...

Managed care backlash Essay Example | Topics and Well Written Essays - 250 words

Managed care backlash - Essay Example The notion of gatekeeping generally represents laying down the requirement of visiting healthcare specialists only after getting a referral from a primary physician. On the other hand, the practice of utilization review denotes submission of the proposed processes to the respective insurers and more importantly introduction of a potential denial for covering experimental or expensive treatments (Pinkovskiy, 2013). Though managed care enabled the insurers to reimburse the physicians as well as the hospitals in return for the functions or the procedures performed by them, the practice did not intervened treatment choices of the physicians. This eventually restricted the medical practitioners to provide effective care to the patients, as they lack in selecting best practices associated with delivering quality along with effective healthcare to the patients. Specially mentioning, there exist certain situations based on which the impacts of managed care backlash particularly on reimbursement can be witnessed. In this context, such situations were reckoned to be lowering treatment quality on behalf of medical specialists and limiting patient choices among others (Sekhri,

Reflection assignment #3 on Nature Religion in America by Catherine Essay

Reflection assignment #3 on Nature Religion in America by Catherine Albanese on Pages 153-163; 171-185; 196-198 (ALL REQUIRED READING MATERIAL IS UPLOADED) - Essay Example On the basis of the data presented by Albanese, the nature religion is a manner of practice of belief that is based on being one with nature. Starting from the earliest trace of human civilization, such beliefs had been present and regardless of the modernity of times or the consciousness of the people, the nature’s religions keep on developing and diversifying. Although the literal objective of the author is to provide data regarding the presence and essence of the nature religion, the transcending meaning to the said practice is a fundamental message of the paper. One of the points presented in the paper is the fact that the most renowned religions, which are based on the presence of a godly entity above nature and humans, are questioned on the basis of sustainability in future times (p.175). This can be attributed to the fact that religion although set on faith, is one of the basis of society, culture and way of life of communities. For that matter, a look on the present state of nature can be considered that there is a dogma in the society and in the beliefs which is amiss. Based on the idea presented by the author, the main issue is that people needs to modify the belief that nature is meant for the human beings to consume and rule over. It can be considered that by recapitulating the religion of the ancestors, e.g. the native Americans, nature can be saved and people can respect and take care of the environment. This is based on the fact that the religion founded on nature states that human is not above nature but a part of it. Thus, as a part of himself nature is needed to be taken good care of. But if the said religion which is based on nature is that of the ancestors, then the hope of saving nature can be considered hopeless. To answer this, the author presented the succession of the development of the nature religion towards the present era. For that matter, human being can still have the change to attempt and endeavor the process of

Weaknesses and Strengths of Nepolean as a Military Leader Research Paper

Weaknesses and Strengths of Nepolean as a Military Leader - Research Paper Example In this paper, we have made an effort to converge his strengths and weaknesses as a leader of his army and a warrior of repute. While skimming through his speeches, it is clearly revealed that he never tried to find a middle ground as a General and instructed his forces to act suitably even amidst serious crisis. Thus, dominance and bravery are two of the most important features of the force and power which made him a military leader. These characteristics also helped him to rise to fame in most of his military expeditions. The other quality that engraved his name in history and the reason for which he is being idolized often is his incessant ability to work for infinite hours and his rigid will to succeed. These features worked wonders and allowed him to inspire his army while laying siege in foreign nations. In one of his proclamations to the soldiers during the invasion in Italy, he said that the greatest qualities of a soldier are faithfulness and discipline and then comes bravery. The use of such words augments his traits as a warrior and the above-mentioned words as expressed by Napoleon unravel his br avery and daring attitude in full force as he said: â€Å"Soldiers : Behold your colors! These eagles will always be your rallying point†¦Ã¢â‚¬ ¦Swear to sacrifice your lives to defend them, and by your courage to keep them constantly in the path of victory. Swear!†(Napoleon’s Addresses – 1804) As a matter of fact, he displayed his capacity to work for three to four days in a stretch without sleeping or resting. The violent and brutal approach adopted by him was undoubtedly the most appropriate qualities required for envisaging success. Therefore, Napoleon’s envision was victory and he devoted himself fully towards his job as a leader of the army that also enthralled his forces to execute their duties with equal devotion and sincerity. Besides this, his power of organization was marvelous, which can be deciphered from his work and