The Death Of The Storm By Kate Chopin - 1839 Words

Through their contrasting demonstrations of marital fidelity and infidelity, Eloisa from Alexander Pope’s poem Eloisa to Abelard and Calixta from the short story The Storm by Kate Chopin both submit to situations that trigger socially unacceptable actions to take place. These acts of loyalty and disloyalty towards their spouses are merely human sexual desires and passion that have been socially, morally, and religiously repressed. Chopin implies that Calixta’s act of adultery was the reason for her happiness, and in turn her family’s happiness. On the other hand, as shown in Pope’s poem, the disapproval of Eloisa’s family regarding their relationship caused Eloisa and her teacher Abelard to suffer horrible outcomes such as, the castration of Abelard. Although, the conflict of whether infidelity always results in negative consequences or not is a subject of debate. Love, among other values, is the foundation of marital fidelity. The undeniable emotional bond that Eloisa and Abelard share proclaims that between two people true love is most important. In spite of the difficulties that stumbled upon their path, Eloisa and Abelard managed to get secretly married. This courageous act of rebellion emphasizes that true love directly corresponds to marital fidelity and devotion. Their total awareness of the fact that there are going to be consequences to their relationship, whether these consequences were caused by the morals of the society or by Eloisa’s family, did not stop themShow MoreRelatedThe Storm By Kate Chopin1649 Words   |  7 Pageslike writers in present day, Kate Chopin was a writer who wrote to reflect obstacles and instances occurring within her time period. Writing about personal obstacles, as well as issues occurring in the time period she lived, Chopin proved to be distinctive upon using her virtue. Kate Chopin was a determi ned individual, with true ambition and ability to produce writings that reflected women on a higher pedestal than they were valued in her time. â€Å"The Storm† by Kate Chopin is a short story written toRead MoreHow Did Kate Chopin Influence Literature949 Words   |  4 PagesKate Chopin’s distinct influence in literature Kate Chopin was an innovative influence for literature in the late 1800’s. Her stories and characters conflicted with the societal norms of inequality towards women. Women in the 1800’s were oppressed, and treated more like property than individuals. Living in the 1800’s as a woman meant they had no rights, or power to create a life of their own. The men, in that period of history, held all prestige positions; therefore, formed all of the laws, and socialRead MoreThe Story Of An Hour By Kate Chopin886 Words   |  4 Pages In Kate Chopin â€Å"The Story of an Hour†, the reader is presented with the theme of prohibited independence. In Kate Chopin â€Å"The Storm†, the scenery in this story builds the perfect atmosphere for an adulterous affair. The importance of these stories is to understand the era they occurred. Kate Chopin wrote stories with exceptional openness about sexual desires. In â€Å"The Storm†, a short story written by Kate Chopin in a time when women were expected to act a certain way and sexual cravings was consideredRead MoreThe Unique Style Of Kate Chopin s Writing1603 Words   |  7 PagesThe unique style of Kate Chopin’s writing has influenced and paved the way for many female authors. Although not verbally, Kate Chopin aired political and social issues affecting women and challenging the validity of such restrictions through fiction. Kate Chopin, a feminist in her time, prevailed against the notion that a woman’s purpose was to only be a housew ife and nothing more. Kate Chopin fortified the importance of women empowerment, self-expression, self-assertion, and female sexuality throughRead MoreThe Storm By Kate Chopin Essay1508 Words   |  7 Pages Kate Chopin was an American author who wrote the short story â€Å"The Storm†. It takes place somewhere down in Louisiana at a general store and at the house of Calixta, Bobinot who is the wife of Calixta, and their son Bibi. The other character in the story is the friend of Calixta, Alcee Laballiere. The story begins with Bobinot and Bibi in the general store to buy a can of shrimp; meanwhile, at home, Calixta is at home doing chores when a storm develops, which makes her worry about Bobinot and BibiRead MoreKate Chopin Literary Analysis793 Words   |  4 PagesKate Chopin was an innovative influence in literature in the late 1800’s. Her stories and characters conflicted with the societal norms of inequality towards women. Women in the 1800’s were oppres sed, and treated more like property than individuals. Living in the 1800s as a woman meant they had no rights, or power to create a life of their own. The men, in that period of history, held all prestige positions, and formed the laws, and social norms of that time. Kate Chopin, and other writers of herRead MoreFemale Characters Overthrowing Gender Roles1101 Words   |  5 Pagesthink of. Kate Chopin, a primarily short story writer, does not fall short of this statement. Through her stories, â€Å"The Storm,† and â€Å"The Story of an Hour,† the women seem to be trapped in confining gender roles. By the conclusion of each story all the women find a way to challenge their everyday roles and overthrow them in some matter. Although these stories are dissimilar from each other, both show the struggle that women have against one or several antagonists in their lives. Chopin shows hardshipsRead MoreKate Chopin, An American Writer1425 Words   |  6 PagesKate Chopin, an A merican writer, known for her vivid portrayals of women’s lives during the late 1800s. Her fiction works usually set in Louisiana, which contributed too much of her description of women’s roles. During Chopin’s time, Louisiana was in the midst of reconstruction and was having racial and economic issues. (Skaggs 4) Louisiana is the setting for many of Chopin’s stories, and they depict a realistic picture of Louisiana society. Kate Chopin published two novels and many short storiesRead MoreA Brief Note On Kate Chopin s Chopin 1642 Words   |  7 PagesMaddy Mummey Mrs. Corby AP English 12 20 April 2015 Kate Chopin Kate Chopin was a successful author of numerous short stories and novels during her life; many critics refer to her as a forerunner author of the 20th century (Kate). Throughout Chopin s life and the many experiences she endured, she grew a great sense of respect and empowerment towards women. However, she is not categorized as a feminist or a suffragist (Kate). Chopin insistently supported the revolutionary notion that women wereRead MoreEssay about Kate Chopin Short Stories1663 Words   |  7 PagesKate Chopin was an American feminist fiction writer and a woman ahead of her time. She lived in the socially conservative nineteenth-century, but in her stories, she wrote about unconventional characters, particularly women, that caused others to question her morality. Similar to the female characters in her stories, Kate Chopin was an independent woman. She would often smoke cigarettes or walk in the streets unaccompanied; these practices were considered unusual for a nineteenth-centu ry woman to

The British North American Colonies - 857 Words

At the dawn of the 17th Century, England was in a suitable position to colonize North America. England had finally reached peace with Spain, and England had many workers willing to travel to America for a chance at religious freedom, affluence, and exploration. Aided by the funding of the Virginia Company, roughly one hundred English settlers landed on the North American shore in 1607, at a place they would name Jamestown. In the ensuing decades, more people traveled to this new land, and they expanded their territories, eventually forming the Thirteen Original Colonies. At first glance, the colonies were very much alike, as they had all kept their English culture and remained loyal to England. However, after closer inspection it was evident that many concrete differences existed between the colonies, specifically between the New England, Middle, and Southern colonial regions. Despite the colonies’ loyalty to England and their similar cultures, the Thirteen British North Ameri can Colonies had distinct differences in their economies, moral and religious principles, and settling patterns. First of all, the Thirteen Original Colonies were disparate because they had different economies. For example, the Southern Colonies, which included Maryland, Virginia, North Carolina, South Caroline, and Georgia, were particularly known as the plantation colonies, as they had many large farms and plantations. Theses colonies mainly produced and exported â€Å"cash crops† such as rice andShow MoreRelatedSummary : The Plantation Economy Of The British North American Colonies 1312 Words   |  6 PagesZainab Omosanya HST 1510 LD 01 Analytical Essay 1 Prof. Korey Bowers-Brown Trace the shift from non-racially specific indentured servitude to perpetual race-based slavery in the British North American colonies. Why did this shift occur, and what impact did the shift have on the lives of colonial inhabitants? The plantation economy in the Atlantic created a tremendous need for human labor. In the absence of machinery, human labor was required for the cultivationRead More Origins of the British East India Company and Its Influence on the British Imperial Government and North American Colonies1117 Words   |  5 PagesThe British East India Company played a key role in one of the most successful periods of British history. The East India Company was responsible for the invasion of the Indian subcontinent, which became one of the empire’s leading supplier of profits. The East India Company was responsible for the overthrow of Hong Kong and other Asian countries; it was responsible for creating Britain’s Asian empire. The British East India Company began as a joint-stock corporation of traders and investors whichRead MoreEvaluate the extent which Trans-Atlantic interactions from 1600-1763 contributed to maintaining continuity as well as fostering change in labor systems in the British North American Colonies?610 Words   |  3 Pagesbut as â€Å"pagan†. The subtle change to racism occurred in this century as Trans-Atlantic trade developed. In the time period from 1600 to 1763, labor systems in British America changed drastically in the West Indian islands and the Southern colonies because of Trans-Atlantic trade, but they stayed similar in the Middle and New England colonies to what they were before constant trade across the Atlantic was introduced. First, there is the change resulting from the South Atlantic System. This systemRead MoreThe Identity Of The American Revolution1527 Words   |  7 PagesThe identity of the American colonists prior to the American Revolution was still work in progress because there were certain events that helped shape their identity and led to the American Revolution. The American colonies were trying to break away from the British control because they wanted to become independent and be their own nation. Once the British began to realize the intentions of the colonists, they began to create laws, acts, and other forms things to keep the colonists under their controlRead MoreCompare and Contrast Spanish and British Colonization Efforts in North America Prior to 1763.1475 Words   |  6 PagesCompare and contrast Spanish and British colonization efforts in North America prior to 1763. Prior to 1763, both Spanish and British colonization efforts expanded into various regions of North America. In less than a century, from 1625 to 1700, the movements of peoples and goods from Europe to North America transformed the continent. Native Americans either resisted or accommodated the newcomers depending on the region of the colony. Though the English colonies were by far the most populous, withinRead MoreUnited States Declaration of Independence Analysis Essay1075 Words   |  5 Pagesof Independence† which was published on July 4th, 1776. It was written by Thomas Jefferson and adopted by the Second Continental Congress, states the reasons the British colonies of North America sought independence in July of 1776. The declaration opens with a preamble describing the documents necessity, in explaining why the colonies have overthrown their ruler, and chosen to take their place as a separate nation, and to be independent in the world. The United States of America only has a littleRead More Evolution of British Policy in the Colonies: 1750 to 1776 Essay1428 Words   |  6 PagesEvolution of British Policy in the Colonies: 1750 to 1776 The relations between England and the British North American colonies could always be considered precarious. Prior to 1750 British essentially followed a policy of benign neglect and political autonomy in the American colonies. (Davidson p.97) The colonies were for the most part content with benign neglect policy, relishing in a â€Å"greater equality and representative government†(Davidson p.95) within the colonies. Competition among EuropeanRead MoreThe Confederation Act of 1867 Essay1134 Words   |  5 Pagesbelieve that despite the significance of events such as the British encouragement of uniting its North American colonies, the central and key reason for confederation was the fear of potential American (Yankee) inhabitance (whether by persuasion or invasion) of the divided and vast British North American colonies, and the way that the â€Å"Fathers of Confederation† were able to take advantage of this situation and persuade reluctant colonies to join Confedera tion. A strong and united nation could notRead MoreThe Dilemma Of American National Identity855 Words   |  4 PagesGreat Britain. The laws imposed on the colonies were usually unenforced giving the colonies free reign over most aspects of their life. Despite the distance between North America and the mother country, colonists considered themselves equal with British citizens living on the other side of the Atlantic Ocean. At this point, the colonists had no intentions of breaking off from the mother country. As John Murrin says in his essay â€Å"The Dilemma of American National Identity†: â€Å"Nothing is more ironicRead MoreThe Nineteen Years War : An Instrumental Turning Point For The American Colonies1746 Words   |  7 PagesThe Seven Years War in 1763 was an instrumental turning point for the American Colonies. Shortly after the initial excitement of winning the Seven Years War ended, tensions between the American colonies and the British Empire rose. These tensions were largely due to the financial mess that was created by the war, miscommunication, and a struggle for power. The British Empire’s need to regain power over the American colonies and organize the new territories gained by the war served to intensify the

Constructive Capitalization Operate Leases -Myassignmenthelp.Com

Question: Discuss About The Constructive Capitalization Operate Leases? Answer: Introduction The main purpose of this report is to analyze two companys financial report which belong two different industries. The companies which are selected for this report are Sirtex Medical ltd and Altech Chemical ltd. The report will also be analyzing specific areas of the financial statement and a comparison will be made between the two companies. Overview Sirtex Medical Limited is an Australian company which is engaged in providing medical treatment to the society. The company also provides medical services to the society and treats patients. The company specializes in radioactive treatment for inoperable liver cancer. The company has its headquarter situated in Australia and the company was established in 1997. (Sirtex.com 2018). The other company which is selected for this assignment is Altech Chemical Ltd which has its headquarters in Australia and it is also listed in the Australian stock exchange (Altechchemicals.com, 2018). The company is engaged in providing material and supply of minerals. The company specializes in the production of alumina. The company is engaged in exploration and mining activities. Concept Leasing is the process of financing which is used by the companies in day to day business. In a lease agreement, the lessor gives the right to use the property of the lessor to an individual who is known as lessee for a certain rate of interest. Nowadays lease agreement are used by businesses extensively for business purposes. The application of leases are more prominently used in airline industry, retail industry and shipping industries (Schallheim, Wells and Whitby 2013). Some of the airline business are also in the business of leasing the aircraft which is used in the business. Generally leases are of two types operating leases and financial leases. Operating leases is the lease which is of a short term basis and which is used by businesses to acquire equipment on short term basis. Generally the useful life of the asset acquired in an operating lease is more than the term of use of the lease. As per the previous standard on leasing operating leases were not disclosed and represent ed in the balance sheet of the company. Financial leases are more frequently used in business where assets are brought by the lessor in order to finance theses to the lessee for a certain rate of interest. Financial leases are recorded in the financial reports of the business. Company Analysis of Leases As per the balance sheet of Sirtex Medical ltd, the terms of leases of the company are that the lease payments for operating leases, where all the risks and benefits remain with the lessor and charged as expenses in the period in which such expenses are incurred. All leases are recognized as a liability and amortised accordingly on the straight line basis as per the policy of the company. Sirtex Medical ltd has recently replaced AASB 117 with the new lease standard AASB 16 which recognizes all leases as liability and are accounted for on balance sheet, other than short term and low value leases. The new lease standard provides new effect on the definition, application, sales and back accounting of lease transactions (Cornaggia, Franzen and Simin 2012). The new standard also requires proper disclosures of the same in the annual reports of the company. As the management has implemented the new AASB 16 currently so the effect on the financial report is not ascertained completely. Howeve r the management expects the following changes will take place: Significant increase in the leases assets and financial liabilities in the balance sheet. The value of lease assets will decrease more quickly than lease liabilities due to the effect of reported equity EBIT as shown in the profit and loss account will be higher as former leases interest will all be part of the finance cost of the business. The consolidated balance sheet shows that the company has leases in Sydney, Singapore, Germany and also in United States. The duration and the remaining useful life of such leases are shown in the figure below: As per the annual report of Altech Chemical ltd for 2016, shows that the company has leases in the financial statements. As per the companys policy such leases are recognized as operating or financial leases based on the economic substance of the lease which reflect the risk and benefits associated with that particular lease. The company policy is to recognize the leases as per the old standard of the company and apply straight line method of amortization on such leases. The company plans to introduce AASB 16 from 1st January 2019, till then the old standard will be used in order to recognize leases. As per the management of Altech Chemical ltd AASB 16 will introduce change in the management by not differentiating operating and financial leases from each other. The management of the company is of the view that the new standards implementation will be affecting the Groups financial statement but the exact estimate of impact is not possible to predict. As per the annual reports of the company for 2016, the company holds various mineral leases which they can use for exploration. The company is in the production of minerals and production of alumina. Literature Review As per studies show that as per the old standard on leases there are two types of leases which are recognized. One is the capital leases or finance lease which is shown in the financial statements and another is off balance sheet leases which are operating leases which are not recorded in the balance sheet of the company (Altamuro et al. 2014). In an article it is shown that a large number of business uses off balance sheet leases or operating leases in order to strengthen their balance sheet as the level of debts are not shown in such a balance sheet. Various time series data show such similar results (Cornaggia, Franzen and Simin 2012). Another study which was conducted on Hong Kong fast food industry shows the problem of implementation of the new standard of leasing. The lease was introduced by IASB in order to tackle the problems which the previous standard faced. The other aim was to ensure that the financial statements reflect true economic reality of the company (Tai 2013). A recent study shows that a research was conducted on how much amount of operating leases companies uses in order to finance their activities. The research was conducted on the top 40 JSE listed companies. The aim of the research is to show how the new standard on leases will impact such companies (De Villiers and Middelberg 2013). An investigation was undertaken to the effect of capitalizing operating leaseson firms immediacy to their debt covenant violations. The results of analysis show that the US companies uses such leases as instruments for generating capitalization in the companies (Lee, Paik and Yoon 2014). Measures and Findings As per the analysis of the above area on the lease of both the companies the following recommendations can be suggested which are given below: Sirtex Medical Limited has implemented the new standard AASB 16 which records all kinds of leases, however Altech Chemical has not yet implemented the new standard and therefore the company should implement the new standard as soon as possible earlier than 2019. The operating leases of Sirtex limited is much more as compared to Altech limited which can be reduced as with the implementation of the new standard the cost of the company will also be increasing. Both company uses straight line of amortization of such leases Earning per share is that portion of profit which can be attributed to each and every issued share capital of the company. In other words Earning per share(EPS) is the amount of profit per share which the investors of the company receives as dividends. As per the formula EPS is calculated by dividing Profit after tax (PAT) by the total number of shareholders of the company. a company which has high EPS is capable to provide dividends to the public or it can use this profits as retained earnings and reinvest in the business for the further growth of the business (Zeitun and Tian 2014). This is also a measure for profitability of the company. many investors use this EPS of a company to marketing decisions whether to invest, retain or sell the shares of the company. The EPS of the company is shown in the financial report of the company. EPS is shown in two parts Basic EPS and Diluted EPS. Basic EPS is the amount of profit which is available for the common shareholders of the company dur ing a reporting period whereas Diluted EPS considers the convertible shares also. These convertible shares of the company consist of preferred shares, convertible debentures, stock options. Company Analysis of EPS As per the analysis of the Sirtex Medical Limiteds financial report, the company has a growing EPS. The company has been targeting the earing per shares growth as the target of the company. The growing rate of Earning per share of the company will definitely be improving the performance of the group. Increasing earning per shares reflect that the company has increasing returns on the capital which was contributed by the shareholders. The basic earning per share of the company is 93.7 cents which has increased from the previous year eps which was 71.4 which shows the growth of the company in terms of EPS. As per the balance sheet of Altech Chemical ltd, the EPS of the company is subdivided in basic and diluted EPS. The basic earning per shares is calculated by dividing net loss by the weighted average number of shares of the company. The diluted earning per share is calculated by dividing net loss by weighted average number of shares and also dilutive potential shares. The basic EPS of the company is in negative figure .0008 which has slightly improved from the previous year figure. While analyzing the EPS of both the companies it is easily depicted that the EPS of the Sirtex ltd is much better than the EPS of Altech ltd. The basic reason for this is the Altech ltd has incurred a loss in the year 2016 as well as 2015, thus the EPS depicts a negative figure. The Eps of any company is a performance indicator of the company which the investors consider in the business. It is also an indicator for the investors whether to invest in the stocks or not. Thus investors and stock brokers consider the Eps of the company which has a growing Eps rate in order to invest in them (Sumangala 2012). Earning per share of any company is considered to be an important factor in order to determine the share price and value of the firm. Recent studies show that most of the investors take their decisions about investing in a stock on the basis of the EPS which the company has acquired (Islam et al. 2014). Any company is required to show the Eps of the company in the financial statements. The earning per share is divided into basic Eps and Diluted Eps (Jorgensen, Lee and Rock 2014). Earning per share is that portion of profit which can be attributed to each and every issued share capital of the company. In other words Earning per share(EPS) is the amount of pro fit per share which the investors of the company receives as dividends. As per the formula EPS is calculated by dividing Profit after tax (PAT) by the total number of shareholders of the company (Bonaim 2012). Measures and Findings As per the analysis of the above area on the earning per share of both the companies the following recommendations which can be provided are for Altech Chemical ltd. The company needs to improve their earning per share as this is an important indicator of how the company is performing. In addition to this the company needs strategies which can result in growth rates of Eps like Sirtex ltd. The liabilities of the company include the current and non current liabilities as per the balance sheet. The current liabilities consist of all the liabilities which have to be paid off with in a period of one year or even less such as trade payables and the non current liabilities includes liabilities which are of long term nature such as long term debts. Trade payables or the creditors which gives money or supplies to the company for credit (Kapan and Minoiu 2013). Long term debts on the other hand are also credits which the business takes for a longer period say 4 to 5 years or even longer. Company Analysis As per the financial statement of Sirtex Medical Limited, the company has current liabilities which includes trade payables and others, current tax liabilities and provisions. The total of trade payables and others show a figure of $28090000 for the year 2016. The break up of trade payable is $16296000 and the other payable as shown in the notes of accounts is $11794000. Then comes the current tax liabilities of the business which refers to the liabilities which relates to income tax of the company. The current tax liability of the company as per the financial statement of 2016 shows $7239000. The provision refers to the amount which is kept aisde keeping in mind for some future loss or expenses which the company might have to incur in near future. The provisions are both of short term nature and long term nature. The short term provisions of the company includes provisions for long service leaves, provision for clinical studies, provision for legal settlements and miscellaneous prov isions. The figure of the provision show a figure of $7009000 which is the total of the above mentioned provisions. The long term provisions of the company shows that the provisions amount is $1153000 as shown in the notes to accounts of the company. As per the balance sheet of Altech Chemical ltd, the liabilities section of the balance sheet shows that the company has only current liabilities in the balance sheet. The current liabilities of the company consist of trade and other payables, loan which is short term in nature and provisions. The current payables of the company show an amount of $348326 which is almost twice of the figure which was shown as trade and other payables in previous year. Trade and other payables is a combination of trade creditors, PAYG payables and other creditors of the company. The figure of provisions which is made up of provision for annual leave is shown at the amount of $62672 in the notes to accounts. The loan of the company which was $815000 which was at 8.15% interest rate in 2015 has been converted into fully paid ordinary shares of the company resulting in the issue of 13813565 shares of the company. Liabilities are shown in the balance sheet of the company which will always match with the asset side total of the balance sheet as per the double entry system. In a recent study it is shown how banks effectively maintain and manage their liabilities (Kreicher, McCauley and McGuire 2013). A study shows the impact of the 2008 financial crisis on companys trade payables. The impact of a financial crisis on the company performance was significant. In such a situation the availability to get credit from business becomes more and more difficult. The financial crisis had a negative impact on the performance of the company. However this impact was lower for firms which had trade payables in the balance sheet during the pre crisis period (Kestens, Van Cauwenberge and Bauwhede 2012). Another journal on banking and finance states that some of the business uses trade payables and trade receivables strategically in business to gain a competitive advantage for the business. If proper control on t rade payable and trade receivables are maintained than the business can attain growth by the use of such resources (Ferrando and Mulier 2013). A study shows that the bank sectors during a sample were subjected to different accounting rules with respect to provision less loans (Bushman and Williams 2012). Another journal shows the accounting for financial instruments which are used by businesses in respect to loan. As per the FAS these accounting for loans are done with the help of this standard (Ryan 2012). Measures and Findings As per the analysis of the balance sheet of both the companies the following measures can be suggested to the both the companies. Sirtex Medical Limited has both current liabilities and non current liabilities. The company has recorded various types of provisions in the balance sheet which relates to the activities of the business. The company has long term loans in the business. Then comes the current tax liabilities of the business which refers to the liabilities which relates to income tax of the company. The company needs to control the trade payables of the business and ensure these does not exceeds benefits associated with it. As per the balance sheet of the Altech Chemicals ltd, the company does not have any non current liabilities which is quite understandable as the company is trying to avoid risks which non current liabilities of the company bring into the equations. The current liabilities of the company consist of trade payables and provisions. A loan which was taken by the company in the year 2015 of $815000 was converted into equity share capital by the business. The company is trying to avoid the risks and getting into profit ways again as the business has been earning losses from two years that is 2016 and 2015. The company needs to control of the trade Intangible assets refer to the fictitious assets of the company which are shown in the balance sheet of the business. In other words the assets of the company which are intangible in nature are known as intangible assets. These types of assets of the company includes Goodwill, trademarks, patents and copyrights. Goodwill refers to the investments which the business undertakes in order to get some future benefits of the company. Goodwill are of two types internal goodwill and purchased goodwill which the companies purchases. Patents refers to the technological know how which the business may possess. The trade marks and copyrights refer to the business marks and product rights which the company has acquired for the business or developed the same. As per the analysis of the Sirtex Medical ltd, the company has certain intangible assets already in the balance sheet. the company during the year has generated internal intangible assets which is expenditure on a research phase of the project which are capitalized by the company. Development costs and certain clinical trial costs have been capitalised to the extent they satisfy the recognition criteria for internally generated intangible assets. The Group uses its judgment in continually assessing whether development expenditure meet the recognition criteria of an intangible asset. The company consist of the following intangible assets which are intellectual property, internally generated asset, software and assets work in progress. The following intangible assets are also subjected to amortization. The intangible assets of the company consist of software which is shown at cost which is subjected to amortization which will give the net figure of $2399000. The internally generated in tangibles is valued at $76153000 in 2016 and the company shows its intellectual property at $151000. The total intangibles assets of the company is shown at $68027000 and there has been certain additions which were made to intangible assets and a certain part of the intangible assets were amortised which gave a net figure of intangible assets of $82821000. As per the balance sheet of Altech Chemical ltd, the company does not have any intangible assets in the balance sheet of the company. The balance sheet of the company does not show any intangible assets. An article aims at supporting the management in the strategic planning of investments on critical value drivers, taking into consideration their impact on competitive advantage and the cumulative investments made on them. As investment of the company increase there is a high probability that the companys reputation and goodwill of the company will also increase (Greco, Cricelli, and Grimaldi 2013). Another article shows how effective management of intangible assets can help leading Russian food retail business to gain competitive advantage in the business. If the intangible assets of the company are used in an effective manner than the company make a brand name and also earn goodwill for the business as shown in the case of the Russian leading food retail business (Ivanov and Mayorova 2015). Intangible assets refer to the fictitious assets of the company which are shown in the balance sheet of the business. In other words the assets of the company which are intangible in nature are known as intangible assets. These types of assets of the company includes Goodwill, tra demarks, patents and copyrights (Andrews and De Serres 2012). A study shows the value and effects of changes in goodwill accounting in a European environment. International Financial Reporting Standard (IFRS) 3 substituted accounting rules that emphasized goodwill amortization which will then be keeping the balances of the goodwill low. Goodwill accounting under IFRS 3 largely relies on manager fair value estimates of acquired company. Using data of Sweden, we show that goodwill amortizations were not value-relevant prior to the adoption of IFRS 3. However, impairments reported in addition to amortization were significantly related to stock returns during that period (Hamberg and Beisland 2014). Measures and Findings As per the analysis of the financial reports of both the countries, Sirtex Medical Ltd has intangible assets in the balance sheet which are either internally generated or purchased by the company. The company consist of the following intangible assets which are intellectual property, internally generated asset, software and assets work in progress. Development costs and certain clinical trial costs have been capitalised to the extent they satisfy the recognition criteria for internally generated intangible assets and such has been developed by the business as internally generated goodwill of the company. in comparison to this the company Altech Chemical Limited doe not have any intangible assets as the balance sheet of the company does not show any such assets. The company Altech ltd needs to generate a goodwill for the business as this is also an indicator whether the firm is looking from a future perspective or not. Conclusion The report considers the annual financial reports of two companies which are Sirtex Medical ltd and Altech Chemical ltd. As per the findings from analyzing the four areas of the business of both companies which were Leases, Earning per shares, Liabilities of the company and intangible assets of the company, Sritex Medical Limited is better placed in comparison to Altech Chemical ltd. Sritex company has growth in EPS which is a sound financial indicator of the business whereas Altech ltd does not have such sound indicators and has incurred losses for the past two years. Reference Altamuro, J., Johnston, R., Pandit, S.S. and Zhang, H.H., 2014. Operating leases and credit assessments.Contemporary Accounting Research,31(2), pp.551-580. Altech Chemicals Limited - High Purity Alumina Producer. (2018).Altechchemicals.com. Retrieved 11 January 2018 Andrews, D. and De Serres, A., 2012. Intangible assets, resource allocation and growth: A framework for analysis.OECD Economic Department Working Papers, (989), p.0_1. Bonaim, A.A., 2012. Repurchases, reputation, and returns.Journal of Financial and Quantitative Analysis,47(2), pp.469-491. Bushman, R.M. and Williams, C.D., 2012. Accounting discretion, loan loss provisioning, and discipline of banks risk-taking.Journal of Accounting and Economics,54(1), pp.1-18. Cornaggia, K.J., Franzen, L.A. and Simin, T.T., 2012. Managing the balance sheet with operating leases.Available at SSRN,2114454. Cornaggia, K.J., Franzen, L.A. and Simin, T.T., 2012. Managing the balance sheet with operating leases.Available at SSRN,2114454. De Villiers, R.R. and Middelberg, S.L., 2013. Determining the impact of capitalising long-term operating leases on the financial ratios of the Top 40 JSE-listed companies.The International Business Economics Research Journal (Online),12(6), p.655. Ferrando, A. and Mulier, K., 2013. Do firms use the trade credit channel to manage growth?.Journal of Banking Finance,37(8), pp.3035-3046. Greco, M., Cricelli, L. and Grimaldi, M., 2013. A strategic management framework of tangible and intangible assets.European Management Journal,31(1), pp.55-66. Hamberg, M. and Beisland, L.A., 2014. Changes in the value relevance of goodwill accounting following the adoption of IFRS 3.Journal of International Accounting, Auditing and Taxation,23(2), pp.59-73. Islam, M., Khan, T.R., Choudhury, T.T. and Adnan, A.M., 2014. How earning per share (EPS) affects on share price and firm value.European Journal of Business and Management,6(17), pp.97-108. Ivanov, G. and Mayorova, E., 2015. Intangible assets and competitive advantage in retail: case study from Russia.Asian Social Science,11(12), p.38. Jorgensen, B.N., Lee, Y.G. and Rock, S., 2014. The shapes of scaled earnings histograms are not due to scaling and sample selection: Evidence from distributions of reported earnings per share.Contemporary Accounting Research,31(2), pp.498-521. Kapan, M.T. and Minoiu, C., 2013.Balance sheet strength and bank lending during the global financial crisis(No. 13-102). International Monetary Fund. Kestens, K., Van Cauwenberge, P. and Bauwhede, H.V., 2012. Trade credit and company performance during the 2008 financial crisis.Accounting Finance,52(4), pp.1125-1151. Kreicher, L., McCauley, R.N. and McGuire, P., 2013. The 2011 FDIC assessment on banks managed liabilities: interest rate and balance-sheet responses. Lee, B., Paik, D.G. and Yoon, S.W., 2014. The Effect of Capitalizing Operating Leases on the Immediacy to Debt Covenant Violations.Journal of Accounting and Finance,14(6), p.44. Ryan, S.G., 2012. Financial reporting for financial instruments.Foundations and Trends in Accounting,6(34), pp.187-354. Schallheim, J., Wells, K. and Whitby, R.J., 2013. Do leases expand debt capacity?.Journal of Corporate Finance,23, pp.368-381. Sirtex.com. (2018).Sirtex - US. [online] Available at: https://www.sirtex.com [Accessed 24 Jan. 2018]. 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Tourist Attraction in Sydney-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Tourist Attraction in Sydney. Answer: Introduction Sydney tower also famously known as Sydney Eye Tower, AMP Tower, Westfield Centrepoint Tower or just Centrepoint is the tallest structure in Australia and second tallest tower in Southern hemisphere. Sydney tower is also a member of World Federation of Great Towers. The height of the tower is 309 m (1014 ft) above Sydney central business district (CBD) is located in Market Street. Built in the year 1981 it took 11 years to complete this humongous project with an estimated cost of approx 26 million Australian dollars. Design and constructed by Donald Crone and Associates the Sydney tower was opened to general public in the year 1981. Golden turret on the tower top has a maximum capacity of 960 people. It is connected to three high velocity double Decker lift which regulates in high, low and moderate speed depending on the wind velocity (Amelung Nicholls 2014). SWOT Analysis SWOT analysis will determine the strength, weakness, opportunity and threat of the Sydney Tower will help to understand what Sydney Tower have to offer to its visitors and also an internal assessment of the Sydney Tower Strength The greatest strength of Sydney tower lies in its heritage as a tourist place with a 45 minutes guided tour of the Skywalk with an experienced guide that have to offer a breathtakingly beautiful scenic beauty of the entire city and suburbs. In the skywalk, one can view skyline of Sydney such as Sydney Opera House, Hyde Park, Sydney Cricket Ground, Sydney Harbor Bridge etcetera. Along with this Sydney tower, have Dinning and bar counters, restaurants, and Studio. 360 bar and Dinning offers view of the skyline of Sydney. Sydney Tower Buffet provides the luxury of buffet to the tourist. The Sydney tower also has the highest event space in the entire southern hemisphere and can hold guest up to 200 people as well as 156 sit-downs (Chen et al., 2013). Weakness The greatest weakness of the Sydney tower is the Mother Nature and natural calamities weather plays a major role as it can disrupt or close the place for uncertain period. Though the skyline authorities and tour organizer claims to provide the best experience and weather promise but who can guarantee weather. Australia home of the most envied climate still experiences Heavy Rain, Strong winds, Thunderstorms and White outs that hampers the sightseeing (Chung, 2013). Opportunity The larger number of crowed come to visit has increase with the inclusion of new and innovative approach given by the authority such as group tickets, events tickets, annual passes, combine sightseeing tickets and so on and so forth it would have the number of footfall in the site. The price of the ticket can be a drawback but the management is trying to provide the best price for all age group (Ma Hassink 2013). Threats Australian dollar have seen weakening against US dollar in the recent market scenario, which have decreased the Australian economic growth. Other threat would be different other tourist spot which have much to offer than just scenic beauty. The Sydney Tower is just a onetime visit site as it will be monotonous the next time apart from attending any functions or events (Baum, 2016). Market Segmentation and Target Audience The benefit of the market segmentation is needed to understand the want and need of the consumer, it will also help to determine market expense allocation efficiently, which would help to determine further development of the site and develop marketing strategies more precisely (Dredge Jamal, 2013). Way of Market Segmentation Nationality Demographics Lifestyle Equipment ownership Criteria of Market Segmentation Geographic Segmentation Psychographic Segmentation Demographic Segmentation Socio Culture Segmentation Product Related Segmentation The target market of the Sydney Tower is majorly in the age group of 8-15 and 35-55 this group of people has mid level lifestyle to high level lifestyle and comes from all around the world. The group of people would be adventure lover and thrill for heights References Amelung, B., Nicholls, S. (2014). Implications of climate change for tourism in Australia.Tourism Management,41, 228-244. Baum, T. (Ed.). (2016).Human resource issues in international tourism. Elsevier. Chen, B., Yang, Q., Wang, K., Wang, L. (2013). Full-scale measurements of wind effects and modal parameter identification of Yingxian wooden tower.Wind and Structures,17(6), 609-627. Chung, L. L., Wu, L. Y., Lien, K. H., Chen, H. H., Huang, H. H. (2013). Optimal design of friction pendulum tuned mass damper with varying friction coefficient.Structural control and health monitoring,20(4), 544-559. Dredge, D., Jamal, T. (2013). Mobilities on the Gold Coast, Australia: Implications for destination governance and sustainable tourism.Journal of Sustainable Tourism,21(4), 557-579. Ma, M., Hassink, R. (2013). An evolutionary perspective on tourism area development.Annals of Tourism Research,41, 89-109.