Business Organizations Business Organization - 3050 Words

Business Organizations Task 1 7/14/15 Business Organization Essentially, a business organization is a body that is formed for the aim of conducting a commercial enterprise (Bank, 2004, p. 2). Sole Proprietorship Brief Description A sole proprietorship is a form of business structure that is owned and operated by the same owner simultaneously (Schneeman, 2012). Characteristics †¢ In this type of entity, it is difficult to draw a distinction between the owner and the business. †¢ In the legal language, they are not incorporated and many a times not entirely viewed as a business structure because there are no legal regimes governing their set up. †¢ The owner is generally vested with absolute control of the enterprise and will be the sole employee. †¢ The business structure is widely used by small investors due to the easy to set up nature. Advantages 1. Compliance: the creation of sole proprietorship is not dictated by any legal formalities or requirements. There running is also governed by few legal requirements. In essence, the creation and running of such an entity involves less administrative expense (Schneeman, 2012). 2. Control: the owner of a sole proprietorship has absolute control over the business and the decisions that are made. However, this does not mean that the owner cannot make any transfer of the sole proprietorship. 3. Tax benefits: unlike in incorporated entities, sole proprietorship are not taxed separately from the owner, they are absolved fromShow MoreRelatedBusiness Organization And Business Organizations998 Words   |  4 PagesBusiness organization is a group of people who are organized for some charitable or profitable purpose. Business entity is a corporate, commercial or other institution which is formed or administered according to the commercial law so as to engage in business activities which is generally selling of any product or service. In accounting business organization and owners both are separate or distinct from each other. This means that the personal transactions of owner are separately treated from businessRead MoreBusiness Organizations : Business Organization1514 Words   |  7 PagesBusiness the AA Name: Jamal Kelly Institution: Redbridge College Business Organization A business is an organization that undertakes the exchange of goods or services for monetary gain. An economic system refers to the manner in which a nation or state is organized in the exchange of goods and services, production and allocation of resources. The economy is made up of three sectors; the private sector, public sector and voluntary sector. The private sector is made up of privateRead MoreBusiness Organization Structure Of A Business1888 Words   |  8 PagesBusiness Organization Structure Starting a business is a major step and can in some cases be very risky. Furthermore, there are a number of important factors that should be considered when starting a business. One of the most fundamental factors involved in starting a business is determining what business entity to operate the business under. Choosing a business entity that is not aligned with your particular business model can in many cases lead to several problems that can be potentially very costlyRead MoreBusiness Functions Of An Organization1476 Words   |  6 PagesThe ability and business functions of an organisation mainly influenced through the threat of new entrants, the organizations have to make effective business actions or processes or products and services so that any new company faces severe barrier to enter in the market (Baines, et al 2011). If the establishment of new organisation in a business environment is easy, any new company can open their shops very easily. Furthermore, when the market ru les and regulations are easy and friendly for theRead MoreDesigning Of A Business Organization1273 Words   |  6 PagesBusiness organizations continue to impress and make customers more satisfied with their goods and services they offer. The focus is majorly on consumer satisfaction and not the volume of the products. To achieve the consumer satisfaction, most business organizations consider proper and timely dissemination of information that will strike a balanced deal between the organization and the consumers. The consumers get what they need and the organization profit from the sales. The process of informingRead MoreBusiness Is The Organization Of Conducting Business887 Words   |  4 Pages1.0 Introduction E-Business is the organisation of conducting business by means of the web. According to the Retail Week (Bowden, 2015), online sales have developed by 14% from 2013 to 2014 with it surpassing  £100bn. The expanding popularity of online retail predicts that online sales are predicted to increase by 12% in 2015. This report will explore the future for retailers like Marks and Spencer and the key characteristics required for continued successful operations. 2.0 Findings A bricks andRead MoreBusiness Organizations Summary1574 Words   |  7 PagesTHE LAW OF BUSINESS ORGANIZATIONS Chapter 16 – Law of Sole Proprietorship and Partnership * Sole proprietorship – A business where the sole owner is responsible for the management and debts of the business. * Registration/licensing issues; Flexibility * Partnership – Partnership Act (Ontario) defines partnership as a relationship that subsists between two or more persons carrying on business in common with a view to profit. * Differences between partnership and co-ownership Read MoreThe Management Of A Business Organization1568 Words   |  7 Pages TOPIC 2 The management accountant plays a number of key roles in: (a) Assisting an organization achieve its objectives; and, (b) making sure that the organization is ethical in its pursuit of those aims. Discuss this statement within the context of each of the following types of organization. †¢ A business organization that is a manufacturer; and, †¢ A not-for-profit organization, such as a charity.†¨In each case, ensure that you provide illustrations of how the management accountant can contributeRead MoreA Report On A Business Organization1242 Words   |  5 Pagescollaboration to achieve given commercial goals is known as a business organisation. Companies may have information with a purpose or aim of making profits while others start on non-profit making basis. The way the way the business organisation operates depends on the profit or non-profit making basis. However, the basics and the fundamentals of the companies are in one way or the other, similar since the management functions of the organizations are often similar. This report will focus on a profit-makingRead MoreDelegation in Business Organizations722 Words   |  3 Pagesdelegated person remains accountable for the outcome of the delegated work. But how important is delegation and what role it plays in the success of business organization ? Delegation empowers a subordinate to make decisions; it is a shift of decision-making authority from one organizational level to a lower one. Delegation is very important in business success; if properly done can save money and time, help in building skills, and motivate people while poor delegation, on the other hand, might cause

Fame And Power Of The United States - 1078 Words

Fame and power are of big importance in the United States. Many people have great respect and admiration for powerful and well-known people. Jason Collins, a former NBA player, recently came out with the knew of being homosexual. Many people viewed his act of stating his sexualitiy publically as brave and heroic. Meanwhile, other people in the country who aren t nationally known aren t shown any respect or praise for their homosexuality. Infact some are even treated with disrespect. The point of this article is to show how fame can change how society can view two people who are the same in very different ways. This article shows how fame is respected, and average joes are looked over. This cartoon has a few examples of symbolism. One†¦show more content†¦The barista is described as white and gay. Even though they are both labeled as gay, Collins is clearly getting more praise than the barista. This shows that in some cases fame triumphs sexuality. There is some irony in thi s cartoon. In the United States people are supposed to be viewed as equal. When Collins states his sexuality he is glorified and admired. When the barista says he is gay no one cares. This clearly shows the inequality of people in the Unites States. Also, in the US homosexuality isn t usually something people admire. However, fame is something people admire. It s ironic that the famous Jason Collins is admired for be homosexual. An analogy is being made in this cartoon. These two people are similar in the way that they are both gay. Also they both have less advantage is society. Jason Collins being African American puts him at a disadvantage in society. The barista being just a common register worked also puts him at less of an advantage to be successful. Even though these two men are the same in many ways, the simple fact that one is famous and the other is not change people s whole outlook on them. Gay discrimination has been present for many years in the United States history. I n colonial America homosexuality was regulated with harsh penalties but was rarely enforced (Chauncey 1). Between the 1930’s and 1960’s, Discrimination of homosexuality peeked (Chauncy 1). Homosexual men and

Freuds Id, Ego, and Superego Explained

One of Sigmund Freud’s most well-known ideas was his theory of personality, which proposed that the human psyche is composed of three separate but interacting parts: the id, the  ego, and the superego. The three parts develop at different times and play different roles in personality, but work together to form a whole and contribute to an individuals’ behavior.  While the id, ego, and superego are often referred to as structures, they are purely psychological and don’t exist physically in the brain. Key Takeaways: Id, Ego, and Superego Sigmund Freud originated the concepts of the id, the ego, and the superego, three separate but interacting parts of the human personality that work together to contribute to an individuals behavior.While Freud’s ideas have often been critiqued and labeled unscientific, his work continues to be highly influential in the field of psychology. Origins Freud’s work wasn’t based on empirical research, but on his observations and case studies of his patients and others, so his ideas are often viewed with skepticism. Nonetheless, Freud was an enormously prolific thinker and his theories are still considered important. In fact, his concepts and theories are the foundation of psychoanalysis, an approach to psychology thats still studied today. Freud’s personality theory was influenced by earlier ideas about the mind working at conscious and unconscious levels. Freud believed that early childhood experiences are filtered through the id, ego, and superego, and it is the way an individual handles these experiences, both consciously and unconsciously, that shapes personality in adulthood. Id The earliest part of the personality to emerge is the id. The id is present at birth and runs on pure instinct, desire, and need. It is entirely unconscious and encompasses the most primitive part of the personality, including basic biological drives and reflexes. The id is motivated by the pleasure principle, which wants to gratify all impulses immediately. If the ids needs aren’t met, it creates tension. However, because all desires can’t be fulfilled right away, those needs may be satisfied, at least temporarily, through primary process thinking in which the individual fantasizes about what they desire.  Ã‚  Ã‚   Newborns’ behavior is driven by the id—they are concerned only with meeting their needs. And the id never grows up. Throughout life, it remains infantile because, as an unconscious entity, it never considers reality. As a result, it remains illogical and selfish. The ego and the superego develop to keep the id in check. Ego The second part of the personality, the ego, arises from the id. Its job is to acknowledge and deal with reality, ensuring that the id’s impulses are reigned in and expressed in ways that are socially acceptable. The ego operates from the reality principle, which works to satisfy the id’s desires in the most reasonable and realistic ways. The ego may do this by delaying gratification, compromising, or anything else that will avoid the negative consequences of going against society’s norms and rules. Such rational thinking is referred to as secondary process thinking. It’s geared towards problem-solving and reality-testing, enabling the person to maintain self-control. However, just like the id, the ego is interested in seeking pleasure, it just wants to do so in a realistic way. It’s not interested in right and wrong, but in how to maximize pleasure and minimize pain without getting into trouble. The ego operates at conscious, preconscious, and unconscious levels. The ego’s consideration of reality is conscious. However, it may also keep forbidden desires hidden by unconsciously repressing them. Much of the ego’s functioning is also preconscious, meaning it happens below awareness but takes little effort to bring those thoughts into consciousness. Freud initially used the term ego to reference one’s sense of self. Often, when the term is used in everyday conversation—such as when someone is said to have a â€Å"big ego†Ã¢â‚¬â€its still used in this sense. Yet, the term ego in Freud’s theory of personality is no longer referring to the self-concept but to functions like judgment, regulation, and control. Superego The superego is the final part of the personality, emerging between the ages of 3 and 5, the phallic stage in Freud’s stages of psychosexual development. The superego is the moral compass of the personality, upholding a sense of right and wrong. These values are initially learned from one’s parents. However, the superego continues to grow over time, enabling children to adopt moral standards from other people they admire, like teachers. The superego consists of two components: the conscious and the ego ideal. The conscious is the part of the superego that forbids unacceptable behaviors and punishes with feelings of guilt when a person does something they shouldn’t. The ego ideal, or ideal self, includes the rules and standards of good behavior one should adhere to. If one is successful in doing so, it leads to feelings of pride. However, if the standards of the ego ideal are too high, the person will feel like a failure and experience guilt. The superego not only controls the id and its impulses towards societal taboos, like sex and aggression, it also attempts to get the ego to go beyond realistic standards and aspire to moralistic ones. The superego works at both conscious and unconscious levels. People are often aware of their ideas of right and wrong but sometimes these ideals impact us unconsciously. The Mediating Ego The id, ego, and superego interact constantly. Ultimately, though, it’s the ego that serves as the mediator between the id, the superego, and reality. The ego must determine how to meet the needs of the id, while upholding social reality and the moral standards of the superego. A healthy personality is the result of a balance between the id, ego, and superego. A lack of balance leads to difficulties. If a person’s id dominates their personality, they may act on their impulses without considering the rules of society. This can cause them to spin out of control and even lead to legal troubles. If the superego dominates, the person can become rigidly moralistic, negatively judging anyone who doesn’t meet their standards. Finally if the ego becomes dominant, it can lead to an individual who is so tied to the rules and norms of society that they become inflexible, unable to deal with change, and incapable of coming to a personal concept of right and wrong. Critique Many critiques have been leveled at Freud’s theory of personality. For example, the idea that the id is the dominant component of personality is considered problematic, especially Freud’s emphasis on unconscious drives and reflexes, like the sexual drive. This perspective minimizes and oversimplifies the intricacies of human nature. In addition, Freud believed that the superego emerges in childhood because children fear harm and punishment. However, research has shown that children whose greatest fear is punishment only appear to develop morals—their real motivation is to avoid getting caught and prevent harm. A sense of morality actually develops when a child experiences love and wants to keep it. To do so, they engage in behavior that exemplifies their parents’ morals and, therefore, will gain their approval. Despite these criticisms, Freud’s ideas about the id, the ego, and the superego have been, and continue to be, highly influential in the field of psychology. Sources Cherry, Kendra. â€Å"What is Psychoanalysis?† Verywell Mind, 7 June 2018, https://www.verywellmind.com/what-is-psychoanalysis-2795246Cherry, Kendra. â€Å"What Are the Id, Ego, and Superego?† Verywell Mind, 6 Nov. 2018, https://www.verywellmind.com/the-id-ego-and-superego-2795951Crain, William. Theories of Development: Concepts and Applications. 5th ed., Pearson Prentice Hall. 2005.Ego, superego, and id. New World Encyclopedia, 20 Sept. 2017, http://www.newworldencyclopedia.org/p/index.php?titleEgo,_superego,_and_idoldid1006853McLeod, Saul. â€Å"Id, Ego and Superego.† Simply Psychology, 5 Feb. 2016, https://www.simplypsychology.org/psyche.htmlThe Freudian Theory of Personality.† Journal Psyche, http://journalpsyche.org/the-freudian-theory-of-personality/#more-191

A Relationship Between Gender, Career Paths, And Career...

Cox Harquail (1991) looked at the relationship between gender, career paths, and career success with female and male with a master’s degree in business administration. The results concluded that female managers and male managers did not differ on overall promotions and career satisfaction, but female managers experienced lower salary increases, less management promotions, and lower hierarchical levels in comparison to male managers with similar education, experience, age, performance and career paths (Cox Harquail, 1991). Cox and Harquail (1991) sampled 502 MBAs, consisting of 125 female and 377 male respondents, all being alumni from the same top business school in the country where questionnaires and letters were sent out to the alumni graduates from the ten-year period between 1976-1986. Alkadry Tower (2011) look at pay discrimination differences between men and women authority figures. Is the amount of authority one has related to their sex? There are various factors that can affect salary. Organizational type is one factor as larger organizations are able to afford to pay employees more than smaller organizations can (Alkadry Tower, 2011). Other factors include cost of living, level of experience, educational level, authority level, level of responsibility, age, race and gender (Alkadry Tower, 2011). The method for this study includes an online survey consisting of 36 questions sent by email to the major professional association for public procurementShow MoreRelatedA Meritocratic Society Essay1405 Words   |  6 Pagesopportunities are open to all based on merit rather than gender or background, especially in higher education, is often championed in Australia. (Wheelahan 2016). This freedom to follow a chosen career path allows the individual to achieve succe ss in any field, yet the question has often been asked, why women choose to stay away from often lucrative, in-demand careers from STEM related fields (Science, Technology, Engineering, Mathematics). This persistent gender disparity, particularly in higher education haveRead MoreGender Inequality1554 Words   |  7 PagesGender inequality in the workforce is a matter of fervent debate and while some argue that there are innate and distinct differences between male and female cognitive abilities, I believe there to be other factors at play, including pervasive gender stereotyping and other social forces like bias and parenting effects. Elizabeth Spelke (2005), in the article, Do Significant Innate Differences Influence the Career Success of Males and Females, explains how a study conducted on high school studentsRead MoreThe Social Construction Of Female And Male Identity1720 Words   |  7 Pages The term gender refers to the social construction of female and male identity. It can be defined as more than biological differences between men and women. It includes the ways in which those differences, whether real or perceived, have been valued, used and relied upon to classify women and men and to assign roles and expectations to them. (Henslin, 2012). The significance of this is that the lives and experiences of women and men, including their experience of the legal system, occur withinRead MoreEssay on Lisa Belkins The Opt-Out Revolution 1476 Words   |  6 Pagesargument posed by Lisa Belkin in â€Å"The Opt-Out Revolution† revolves around the multi-faceted issue of women’s involvement and presence in the paid work sector. Belkin argues that the issue of the unequal representation of women in full-time, full-year careers is a culmination of the impact of the maternal wall, the nature of the â€Å"stalled revolution†, and personal life â€Å"decisionsâ⠂¬  made by women. Throughout her work, Belkin addresses the tangible reality of the maternal wall and it’s impact on women’s abilityRead MoreHow Mentoring Is Beneficial For The Workplace As Well As A Fulfilling Love For One s Career809 Words   |  4 PagesMentoring is a strategy that is beneficial to increased productivity in the workplace as well as a fulfilling love for one’s career. Mentoring can take place at many levels. It can occur at an education level or as we enter into prospective careers. Those who miss out on the opportunity to be mentored, have a lower chance to perform at high levels or receive positions that are more successful. Mentors and protà ©gà ©Ã¢â‚¬â„¢s work on challenging tasks and activities together, in an effort to enhance the skillsRead More Gender Inequality: Sex Discrimination in Employment Essay1617 Words   |  7 Pages Gender equality is about equal opportunity for men and women to identify their individual poten tial. One must be able to benefit from their participation in society and contribute to the economic and social development of their country (Australian Government. 2009). Through multiple reviewed literature on gender inequality, the overall concept within many sociological readings was the way gender inequality socially relates to employment and careers. There are three separate themes thatRead MoreI Am A Girl Boss1715 Words   |  7 Pagesexample of success for young women everywhere. All women are entitled to the proper tools and advancements necessary to be successful and happy in their career paths. These tools include education, careers, and a strong work ethic. Without them, we would not be able to thrive and succeed in our professional and personal lives. These tools help to empower women- something that is highly necessary when facing gender inequality in the workplace. Education is the universal foundation of success, independenceRead MoreA Comprehensive School Counseling Program905 Words   |  4 PagesFoundation A comprehensive school counseling program is needed to function effectively in the service of children with respect to race, gender, age, socioeconomic status, social/personal development and academics. With a paradigm shift in how counselors respond to students, the focus has turned from what Bowers calls â€Å"entitlement to performance.† In an effort to implement a comprehensive program this high school has been identified as a candidate This high school has an enrollment of approximatelyRead MoreHow Do Gender Stereotypes Affect The Decisions Our Youth?1358 Words   |  6 PagesP5 26 October 2014 Rough Draft One: How do gender stereotypes affect the decisions our youth makes and ultimately their careers? Being the same age, having the same economic security, living in the same neighborhood, boys and girls obtain different career paths and positions. Gender stereotypes prevent an equal distribution of men and women in fields of work do to the strong influences by the education system, the media, and family. To start off, gender stereotypes are â€Å"one-sided and exaggeratedRead MoreAge, Gender And The Level Of Education Are Variables That1392 Words   |  6 PagesAge, gender and the level of education are variables that predict the possibility of burnout in online adjunct faculty, along with lack of benefits and job security (Mandernach et al., 2014) Several studies have identified variables associated with increased levels of work related burnout. Age, and gender are the most common demographic variables discovered from burnout research and the level of education, lack of benefits and job security also are important demographic variables. Research suggests

Legalizing Assisted Suicide For Terminally Ill Patients Free Essays

The highest value of a democratic society is human rights, which means first of all that a human being is the one who is in charge of his or her own life. The premise presupposes that a person has the right to take a decision about what to do with his or her life on the most global level – whether to go on living or stop living. That is why the state, which aim is to provide the execution of citizens rights, should pay careful attention to such a burning issue as helping terminally ill patients to die. We will write a custom essay sample on Legalizing Assisted Suicide For Terminally Ill Patients or any similar topic only for you Order Now The solution to the problem is legalizing euthanasia as a way of defending human rights alongside taking into consideration the possible moral challenges. Indeed, moral concerns have been the main factors which prevented the quick spread of euthanasia which could otherwise happen. It is first of all religious communities which oppress the adoption of the law, and the more religiously conservative the country is the stronger is the oppression to assisted suicide. Even if one doesn’t know which countries already have the relevant laws we can easily guess what they are by knowing their excessive tolerance to controversial issues like legalizing marijuana or gay marriages. Among them are first of all Scandinavian countries and Holland, some of them having adopted the law others at the brink of adoption. It was in 1994 when Oregon approved Ballot Measure, which would have legalized physician-assisted suicide under limited condition but the vote met the oppression of Federal Government. So, the United States seem to belong to the countries with the strongest moral and religious orthodoxy alongside with deeply Catholic countries as opposed to the tolerant Protestant European societies mentioned above. However, the statistics show it is not completely true. In 1999 Gallup organization held a national survey asking Americans the following question: â€Å"If you personally had a disease that could not be cured and were living in severe pain, would you consider committing suicide or not?†. Forty percent answered â€Å"yes†, fifty one – â€Å"no† and nine were not sure. So, on the face of it, the community divided in halves, roughly speaking. But a there is crucially important detail which shouldn’t be missed: the respondents who took part are naturally not terminally ill and they don’t suffer severe pain. This fact distorts the real statistics which might arise in case they were suffering terrible tortures. But the controversy is not only about the rights of the patients but also about doctors who help their patients to die. The much-talked-of case of Dr.Kevorkian is the evidence of how ambiguous the interpretation of this or that action can be. â€Å"He has been hailed as the champion of the right-to-die movement and denounced as a ghoulish cheerleader for suicide† (Lesenberry, 1994) Jack Kevorkian, who helped twenty people to die on their request, was given a name Dr Death. The case demonstrated the controversy, the current system of law has – there is no legal differentiation between killing out of hate and killing out of mercy. There is a moral difference, however. And if we try to trace how the legal system has been historically formed, it becomes clear that it grew out of moral system of values, it was its reflection. Society has always been trying to match moral and law, and there have always been discrepancy between them which needed to be bridged. The historical process hasn’t stopped, and the gap needs to be overcome. But looking at the problem closer makes it evident that it is not so much a matter of the motivation of killing because it is not so much the formal â€Å"killer† we are talking about. The focus is actually on the person who chooses death; a doctor is just an instrument for performing his or her will. Everyone should realize that making euthanasia a legal option is not defending suicide but defending choice. Depriving people of the right to choose is a heavy violation of their human rights. The task of the state is to find a way how to protect the rights of one side without violating the rights of the other one. But the point is the right of all people are least protected when there is no legal definition of the issue at all. One of the arguments against euthanasia is the claimed immorality of making the relatives of the terminally ill patients decide if to keep them living, especially in case the are not able to decide themselves, like those in coma. Indeed, the issue is very sensitive, which the survey confirmed. The respondents were asked the question: â€Å"If a member of your family were terminally ill and wanted to die, would you be willing to help them?† Forty percent said yes, forty-six no, and fourteen percent were not sure. Indeed, this is a moral challenge for the relatives of the person but again it is a matter of having choice. Of course, it is easier for the relatives to have no choice in such cases because indeed, it must be the hardest choice a person can face in his or her life. On the other hand, it is questionable what is more immoral – to challenge the relatives with the decision or to let them shift responsibility by making the state decide instead of them. How to cite Legalizing Assisted Suicide For Terminally Ill Patients, Papers

My perspectives of life and morality free essay sample

It has always been my desire to become a useful instrument for God. I dont expect personal perfection; I merely humbly prepare to live by the word of God.My early years began in the sanctuary and the halls of Redeeming Love Christian Academy as an avid church member and a student. As a student at Love Christian Academy, I can recall being surrounded by the love of God, instilled with the word of God and taught to never meander in the halls of mediocrity. At the academy, I was given a basic foundation to in understanding grow over the years: Knowledge about the one true God, the salvation of man, and the word of God.Now, 17 years later I am still happily grounded in the word of God, humbly seeking His wisdom. My walk with God has taken me on a journey that always allows me to serve Him by serving others. We will write a custom essay sample on My perspectives of life and morality or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I always try to emulate Christ in all that I do. On a daily basis I face obstacles that challenge my faith, some harder than others, but nevertheless, I try to hold strong and do the right thing. I observe my friends on a daily basis, and hear how a few of them party, drink, smoke, and have sex. Such behavior would sound like fun if it wasnt for the warning in my heart. It is sometimes hard as a teenager not to follow my friends as they indulge in these worldly things. However, the strong foundation that was instilled in me from childhood helps me to hold on to my faith. Among my friends, Im called strange; however, they respect me and my decisions.I plan to grow stronger in my faith as I continue through life. I believe that attending a Christian-based college such as liberty, and growing in the word of God will be an integral part keeping me on the right path. When its all said and done all I want to hear the Lord say is, Well done, my faithful servant.

Debt to Assets Ratio – Accounting Tools

Question: Discuss about the Debt to Assets Ratio Accounting Tools. Answer: Balance sheet The main purpose of the balance sheet is mainly of reporting the financial position of an entity at particular point of time (it includes total assets, liabilities and also stockholders equity). Usefulness Help to determine whether working capital is enough in order to sustain its operation. Help the creditors as well as other stakeholders to determine entity financial position in order to arrive ate decision of investment To know the Business Net worth Income Statement As the name indicates this statement help to report the accountants primary measure in regard to the performance of an entity during the accounting period by revenue less expenses result. Usefulness It provides snapshots about the companys profitability for the specified period. It act as base for the entity to make decision for future Businesses use this report to know the financial position by looking into profitability growth. Cash Flow Statement As the name indicates, this statement provides the information regarding the cash inflow and the cash outflow from operating, investing and from financing activities Usefulness This statement is helpful for the company in various ways Helps to prevent as well monitor entitys debt Helps to ensure timely investment Helps to ensure timely payment of debt as well as expenses Preventing unnecessary expenditure such late interest, penalties Review of the income statement: The total operating revenues of the company are k 2972 The Cost of goods sold of the company k 2327 The total expenses before taxes of the company are k) 809 The non-operating gains and losses of the company are 0 Comparative Statement is as follows: (Amounts in k in thousands) Particulars 2015 (k) 2014 (k) % increase or -decrease Total operating revenues 2,972 2,604 0.14 Cost of goods sold 2327 1824 0.28 Total expenses (before tax expenses) 809 670 0.21 Any non-operating (or extraordinary) gains and losses 0 0 0.00 On the basis of above table, it is clear that there is increase in operating revenue by 14% on the other hand there is also increase in COGS by 28% which indicates that it is not good sign sin % increase in expenses is more than the % increase in revenue. Moreover, % increase in Expenses is 21% which again is more then % increase in revenue. Hence not a positive sign for the company growth In the nutshell, Increase in revenue may be positive sign if there is decrease in expenses but here, as discussed situation is not as mentioned. In all, it is advisable that revenue should increase expensed must be decrease in order to get higher profit. Review of the balance sheet: The current assets of the company are k 706 The non-current assets of the company are k369 The current liabilities of the company are k 612 The non-current liabilities of the company are k 250 The total stockholders equity of the company are k213 As we are aware that assets on a balance sheet are divided into three main categories i.e. current, capital others. Current assets are both cash assets that are expected to be converted within 12 months. It is normal during the business life that cash balance in a company rises falls based on inflows outflows of operational financing activities. Cash goes down by the amount of payment. Similarly, current liabilities are the debt and obligations that a company must pay within a year. These are short term debt. Comparative Statement is as follows: (Amounts in (k) in thousands) Particulars 2015 2014 % increase or -decrease Total current assets 706.00 490.00 0.44 Total non-current assets 369.00 379.00 -0.03 Total current liabilities 612.00 456.00 0.34 Total non-current liabilities 250 300 -0.17 Total stockholder's equity 213 113 0.88 On the basis of above table, we can see that There is increase in current assets by 44 % on the other hand there is decrease in noncurrent assets Similarly, there is increase in current liabilities by 34 % on the other hand there is decrease in noncurrent liabilities by 17%. Current liabilities are ones the company expects to settle within 12 months of the date on the balance sheet. Here, equity has been increased by 88% there may be two reason for the same increase in the earning i.e. profitability or increases from capital, which is a good sign for the company. Review of the statement of cash flows: The net cash inflow from operating activities of the company are k 94 The net cash inflow from the financing activities of the company are k -90 The net cash inflow from the investing activities of the company are k -95 The net increase in the cash during the year of the company are k -91 Comparative statement is as follows: (Amounts in (k) in thousands) Particulars 2015 2014 % increase or -decrease Net cash inflow from operating activities 94.00 66 0.42 Net cash inflow from financing activities -90 -95 -0.05 Net cash inflow from investing activities -95 -75 0.27 Net increase/decrease in cash during the year -91 -104 -0.13 As we know that Cash flow can be affected by asset and liability changes in the business. Changes in assets liabilities can affect cash flow in both positive negative way. On the basis of above table, positive operating income shows increase by 42 % which is positive sign. One of the reasons may be that receipt from customer is higher than the payment made during the year Cash inflow from financing activities in the Year 2014 was negative during 2015 is also negative but decrease to some extent... This is one of the positive sign The net decrease in the cash during the year 2015 turn to -91 from -104 it indicates that some progress have been made so as to bring the company into track. D Taking into consideration all the facts financial statement cause of concern for banker would be Decrease in profit during 2015 as comparative to 2014. In addition % increase in expenses is higher than the % increase in revue during the year 2015 Increase in current liability as compare to the year 2014 is also the cause of concern which indicates that companys liability has been increased. Similarly there is also increase in Current Assets Negative cash flow is also one of the main reason for concern by banker since it shows that company is not utilizing the cash in a significant manner. Potential consequences of the bank managers concerns Negative Cash Flow- It shows that company is not utilizing the cash in proper manner which may lead to shortage of fund for investment. Example- if net cash flow from operation is negative it means company is spending more cash than it is generating or producing. If it is positive it indicates that company is generating more cash than it its spending during its day to day operation. Decrease In profitability- Profitability as clearly defines the status of the company earning, decrease in the same provides negative impact about the companys financial position. To meet above consequences Steps must be taken for better management of cash or to access cash from other sources. In regard to profitability, steps must be taken to increase the revenue and on the time steps should also be taken to decrease the expenses. Which will lead the company to bring positive sign for its financial statement References: Accountingtools.com, 'Debt to Assets Ratio Accounting tools'. Nap. 2015. Web. 29 May 2015. My Accounting Course, 'Financial Ratio Analysis | Example | My Accounting Course'. Nap. 2015. Web. 29 May 2015. My Accounting Course, 'Return On Equity Ratio | Analysis | Formula | Example'. Nap. 2015. Web. 29 May 2015. My Accounting Course, 'Times Interest Earned Ratio | Analysis | Formula | Example'. Nap. 2015. Web. 29 May 2015. "Income Statement (Profit And Loss Statement) | Explanation | Accountingcoach".AccountingCoach.com. N.p., 2016. Web. 17 Mar. 2016. "Net Income's Effects On Stockholders' Equity".Smallbusiness.chron.com. N.p., 2016. Web. 17 Mar. 2016. "The Four Basic Financial Statements: An Overview".Highered.mheducation.com. N.p., 2016. Web. 17 Mar. 2016. "Two Possible Reasons For An Increase In Stockholder's Equity".Smallbusiness.chron.com. N.p., 2016. Web. 17 Mar. 2016. Aghdas Jafari Motlagh, Aghdas Jafari Motlagh. "Accounting: Cash Flow Statement".IOSR Journal of Business and Management7.4 (2013): 109-116. Web. Statement, Importance. "Importance Of Cash Flow Statement | Accounting-Management".Accountlearning.blogspot.in. N.p., 2016. Web. 17 Mar. 2016.