Year 11 Changing Perspectives Essay (Looking for...

Personal Growth Practise Essay â€Å"The process of changing perspectives inevitably contributes to personal growth.† Analyse how this idea has been represented in your prescribed text, â€Å"Looking for Alibrandi†, and one related text of your choosing. As individuals, when faced with gruelling or traumatic experiences, we are often compelled to feel a sense of loneliness and seclusion. However, it is precisely these times of isolation, through reflection and a willingness to embrace the situation that can force us to reconsider the original outlooks we hold, often resulting in a greater appreciation for life and a deeper understanding of who we truly are. This idea is clearly communicated in the feature film ‘Looking for Alibrandi’ (1999)†¦show more content†¦A close up camera shot of Josie’s languishing facial expression as John’s body passes by, suggests the inner emotional turmoil she is experiencing, yet simultaneously the passing coffin signifies her acceptance of him slowly moving away from her, out of her life. The idea of her acceptance of John’s death is further reinforced at the end of the scene through Woods’ use of symbolism. The subsequent shredding of his letter, follo wed by the release of the pieces out of the window symbolically serve to represent her ‘letting go’ as well as allowing John the freedom that he has always longed for. Josie’s feelings of isolation and separation following John’s death are captured during the bus ride scene where a closeup camera shot of Josie’s facial expression is juxtaposed to that of a group of laughing boys, totally oblivious to the inner turmoil that she faces. It isn’t until towards the end of Winton’s novel that Pikelet is confronted with the spontaneous death of his father, a significant catalyst that simultaneously compels him to irrevocably reconsider the importance of family; suddenly being left with only a mother, and helps him to develop a greater appreciation for life by understanding the instantaneous nature of death- â€Å"My father’s death hit me with a force that seemed targeted and personal.† The metaphorical portrayal of death here, clearly communicates the severity of the impact on

French And Indian War Essay - 960 Words

The French and Indian was a turning point in the American Revolution, and involved various countries around the globe. Many changes in the political lifestyle helped changed the colonies immensely. America wanted its independence more than ever after events that sparked a great shift between the 13 colonies and its mother country. Economic affairs were increasing because of the war and the need for products that the Americans were able to produce. The idea of wanting its independence from Britain was forced upon them after the French and Indian War when Americans felt that they were receiving unfair treatment from Great Britain. The French and Indian War altered British and American relations by changing the colonists beliefs in†¦show more content†¦The laws that Great Britain wanted to enforce politically were at much opposition to the American colonists. The economic control of the Colonies had lessened from British control after the war between the French and the Indians. First of all, Freedom of Press was being devoured by the British in an attempt to decrease their own debt. Document H shows emblems of death which most likely meant death to Freedom of Press, and other Freedoms the colonists wanted to be granted to them but couldnt because of things such as the Stamp Act. The Stamp Act was the first non-importation of British goods. English soldiers were not receiving the treatment that they felt was their right as explained in Document D. The British treated the colonists as though they were not worth the good food and liquor, and many colonists didnt want to fight for a country who was supposed to be their ally. Document F explained the British point of view after the war ended, and said how there was not a sufficient source of money being brought in. The British brought in many different types of taxation after that perio d in time. One of the many was known as the Townsend Act, which was a tax on colonial imports of lead, glass, paint, paper, and tea; resulting in second nonimportation act. The war by the French and the Indians drastically modified the economic power of the British over theShow MoreRelatedThe French And Indian War1095 Words   |  5 PagesThe French and India war was a war that took place in today’s Pittsburgh. The war was both caused by the English and French. The English and the French both felt that they were entitled to land and each was to willing to fight and they were also, willing to go into war so they could prove that they owned the land. (odellreads.com) The French and India war started out as a dispute over land in the Ohio River Valley area, both the French and English settlers moved towards colonization of that areaRead MoreThe French And Indian War1195 Words   |  5 PagesSince the beginning of history, wars have been fought to gain territories, independence, or to fight against those who take away one’s rights. The French and Indian War was fought in North America over the Ohio Valley, however, it is much more than just a war to gain territory. This war opened doors to the colonists who decided that fighting for independence was something they were in need of doing. The French and Indian War was the portion of the Seven Year’s War that was fought in North AmericaRead MoreThe French And Indian War967 Words   |  4 Pages 2014 During the French and Indian War of 1754-1763, the French and the British were competing for land throughout the Ohio Valley, the Mississippi River, and the St. Lawrence River and for trading rights in North America. Both nations saw this territory as a necessity to increase its own power and wealth while simultaneously limiting the strength of its rival. Although, after the French and Indian War the British gained all of the French land in North America. Following the war the British governmentRead MoreThe French And Indian War1556 Words   |  7 Pages The French and Indian War/Seven Years War began in response to the British unapologetically impinging on the French and the Indian territory. After the seven years of war, the French and British negotiated the Treaty of Paris. 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The treaty strengthened the American colonies significantly by removing their European rivals to the north andRead MoreThe French And Indian War On The Relationship894 Words   |  4 PagesThe Result of the French and Indian War on the Relationship between England and its American Colonies The years of 1754-1763 were turbulent ones in North America. Restlessness took form in the French and Indian war, where French land in North America was fought over. When the war ended, the French land was ceded over to England and Spain, which resulted in serious alterations in the relationship between Britain and the American colonies. The French and Indian war changed the characteristics ofRead More French Indian War Essay2225 Words   |  9 Pages The French and Indian War The French and Indian war raged from 1754 to 1763. Its roots began long before the first shot was fired, about 100 years before between the French and the English. The French and Indian War was not fought between the French and the Indians, but the two allied with the Canadians against the English. It was the catalyst for the Seven Years War, from 1756-1763, which was brought over into Europe, the Carnatic Wars, and it eventually lead to the American RevolutionRead More The French and Indian War Essay939 Words   |  4 Pagesforce of French and Indians ambushed British and colonial troops. This catastrophe was to ultimately become the starting point of the French and Indian War. During the â€Å"Seven Years War†, as the French and Indian War is commonly called, there were wins and losses on both sides, but ultimately the British were victorious with the help of William Pitt. However, the War caused England many economic, political, and ideological tribulations with the A merican colonists. In response to a French threat to

Financial Accounting And Intangible Assets †MyAssignmenthelp.com

Question: Discuss about the Financial Accounting And Intangible Assets. Answer: The intangible assets are the assets those are not physical by nature. The corporate property in the nature of intellectual those include trademarks, patents, business methodologies, brand recognitions, goodwill and copyrights are regarded as intangible assets. as per AASB, the intangible asset is recognized only if (i) it is expected that the economic benefits for future with regard to the asset will come to the organization with the expectation that the economic benefit for future will represent the best estimate of the managements economic condition and that will subsist over the assets useful life through proper assumptions and reasonable and (ii) the assets cost can be reliably measured (Russell, 2017). Initially the intangible asset is recognized at cost and the cost includes the purchase cost and the cost incurred to bring the asset in a position to its intended use. The cost that is direct attributable are as follows Fees paid for registering the legal right Cost of the service or material consumed or used for generation of the intangible asset Amortization of licences or patents used for generation of the intangible asset Employee benefits related costs that are generated from intangible asset. To analyse whether the intangible asset that is internally generated meets the recognition criteria or not, the asset must be classified into development phase or research phase. The cost related to research as well as developments are taken into account as and when incurred. Further, the company is required to disclose all the amount regarding to the amount of development and research cost that is incurred under each period and for which the revenue statement is prepared (Steenkamp et al., 2016). The intangible asset whether at fair value or cost, subjected to the impairment and amortisation testing. Fair value of the asset is established through the references from the active market. Further, the revaluations shall be performed taking into consideration the required regularity in the reporting date and it must be checked that the assets carrying amount is is not materially different from the fair value. Any amount of accumulated amortisation shall be restated based on the gross val ue of revaluation Alternative for potential standard setting The shareholders stated 4 wide approaches for improving theaccounting with regard to the intangible assets. The standard setters and FASB considered the alternatives fro verifying the degrees for several years. 4 potential strategies for providing more information to the financial statement users regarding intangible assets are as follows Recognize the intangible assets that are internally generated at fair value or cost Alternative 1 Disclose the intangible assets that are internally generated Alternative 2 Adopt the IAS 38 Alternative 3 Recognize the cost of development or research at fair value Intangible asset with indefinite period of useful lives Intangible assets that has indefinite useful life shall not be amortised At every period, the company shall test the intangible asset with indefinite useful life for the purpose of impairment annually and if there is any sign that the asset may get impaired that asset shall also be tested (Russell, 2014). At every period, the entity shall assess whether the circumstances or events supports the indefinite useful life of the asset. However, if it does not conform, the asset shall be changed to definite period that can be accounted for as the change on theaccounting estimates as per AASB 108. De-recognition of intangible asset If the intangible asset is sold or disposed or there is no expectation that future economic benefit will arise from the asset it shall be derecognised. The loss or gain arising from the asset that was to be recognized in the comprehensive income statement shall be derecognised. Gains shall not be recognized as revenue, rather shall be shown as the gain under the comprehensive income statement. Amortisation of the intangible asset with limited useful life shall not be ceased while the intangible asset is not in use any more, unless it is fully amortised or the asset is classified under held for sale (Bond, Govendir Wells, 2016). If the asset is recognized on the carrying amount of the asset then the replacement cost for that part of the asset shall be derecognized for that part of the asset. If the part is not recognizable then the replacement cost may be used as the indication for what the cost of the replaced part was there at the time when the internally generated asset was acquired. Disclosure requirement The requirement of disclosure for the intangible asset that is internally generated and various other intangible assets shall include Whether the life of the asset is indefinite or finite If the useful life is finite the amortisation rate or the useful life and the method of amortisation (Fasb.org/jsp/FASB, 2017). Detailed reconciliation for the carrying amount at opening and closing period The line items under the comprehensive income statement that includes the intangible assets amortisation Other disclosure requirement includes The description of the asset, remaining amortisation period, the carrying ampoun tof the intangible asset The intangible asset with indefinite period of life Woolworths, the biggest chain of supermarket from Australia is owned by Woolworths limited. The company was established during 1924 and they were operating in the imperial arcade of Sydney. Various businesses those are carried out by Woolworths are petrol and food, supermarkets, hotel and drinks. The petrol and food sector is engaged for the procurement of petroleum and food products for reselling it to the Australian consumer. Likewise, the drink segment is engaged in procurement of liquor products for reselling it to the Australian consumer and the hotel sector is engaged in providing hospitality and leisure services that includes accommodation, food, alcohol, gaming and entertainment in Australia. Intangible asset of Woolworths As per the annual report of Woolworths for the year ended 2016, they recognised the following assets as intangible assets under the assets in their balance sheet Goodwill Liquor license and other Brand names It has been found that the cost of intangibles were amounted to $ 6,948.5 million, out of which goodwill amounted to $ 4,343.6 million, brand names amounted to $ 285.4 million and liquor, gaming and other licenses amounted to $ 2,319.5 million. Significant accounting policies Goodwill The goodwill of the company represents excess of cost of acquisition over its fair value of share for the net identifiable acquired assets. After the initial recognition, the goodwill is calculated at cost after subtracting the accumulated losses for impairment, if any. Other intangible assets The other intangible assets of the company are calculated at cost after subtracting the impairment losses and the amortisation, if any. Where the intangible asset is acquired under the business combination, the cost indicates the fair value on the acquisition date. Moreover, the intangible assets with limited useful lives are amortised on the basis of Straight-line method for their forecasted useful lives. However, the useful life for each of the intangible assets is reassessed regularly in each period. Useful lives of the intangible assets were assessed as follows Intangible asset Useful life Brand names Normally it has indefinite useful life Victorian entitlements for gaming It has finite useful life as per the gaming entitlements up to 10 years. Gaming and liquor licences It has indefinite useful life. Other intangible assets like rights of property developments and relationship with regard to primary customer It has both indefinite useful life as well as definite useful life for a term of up to 20 years. Impairment The intangible assets are examined for the purpose of impairment as per the impairment policy for the non-financial assets as follows Critical estimates for accounting Estimates for the useful remaining lives and assessment for the useful lives requires the significant judgement from the management. The brand names are normally assessed as they have indefinite period of useful lives depended on the strength of the brand, forecasted ongoing profitability and the continuing support. Further, the brand names integrate the complementary assets like product offerings, networks, gaming and liquor license and store formats were assessed to have indefinite period of useful lives based on the licences that are expected to get renewed as per line in association with the ongoing requirements of regulations. Accounting treatment for intangible assets Though the intangible asset does not have any physical existence, it has great importance to Woolworths and must be disclosed properly under the financial reports. While some companies recognize the company trademarks and software as intangible assets while Woolworths recognizes Goodwill, Liquor license, Brand names and other as intangible asset (Ji Lu, 2014). The accounting standard for AASB 138 suggests the businesses for the treatment of the intangible assets, however where the particular criteria for an asset is fulfilled then only the asset is recognized as the intangible asset. The intangible asset shall fulfil the below mentioned criteria Non-monetary by nature the asset to be recognized as intangible, the asset shall be of non-monetary nature. This fact is needed so that the receivables are not taken into account as the intangible asset by the organizations simply as the money is just recognized but not yet received (Yao, Percy Hu, 2015). Identifiable the asset to be considered as identifiable must meet one of the criteria like (i) the asset is capable to be sold, rented, licensed, exchanged or transferred that can be resulted from the separate things from the business (ii) the asset must be separable, so that the asset can be recognized as a separate asset from goodwill (iii) the asset arise from the contractual right or any other legal right, irrespective of the fact that it is inseparable or separable. Lack of the physical substance this criterion is required with regard to the fact that the tangible assets like plant, property shall not be recognized as intangible assets. Woolworths in their annual report clearly mentioned the description regarding whether the assets useful life is finite or indefinite. It is reported that 4 out of total 5 asset classes are there with indefinite useful life, therefore, no amortization cost was charged. Further, the report revealed that every class of the assets are separated with their own headings and the respective amounts were mentioned under each respective head. Further, Woolworths consistently applied AASB 138 for recognizing and disclosing the intangible assets. the intangible assets recognized in the balance sheet are non-monetary in the nature, were separable and do not have any physical substance (InitialAccounting for Internally Generated Intangible Assets, 2017). Moreover, the disclosure rules with regard to the intangible assets were complied with the relevant accounting standards. Recommendation As the guidelines as per the AASB 138 already obliged the organizations to scrutinize the intangible assets strongly and expose every detail regarding their financial statement, the improve ment that can be suggested can be stating under the guidelines the type of the report and where under the report the information shall be disclosed, so that the users can have access to the required files without being going through all the files for searching the specific information regarding the intangible asset of Woolworths. References Bond, D., Govendir, B., Wells, P. (2016). An evaluation of asset impairments by Australian firms and whether they were impacted by AASB 136.Accounting Finance,56(1), 259-288. https://www.fasb.org/jsp/FASB/ (2017). https://www.fasb.org/jsp/ FASB/Document_C/DocumentPage?cid=1176168357653acceptedDisclaimer=true. Retrieved 4 September 2017, from https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176168357653acceptedDisclaimer=true. Initial Accounting for Internally Generated Intangible Assets. (2017). https://www.aasb.gov.au/admin/file/content105/c9/ACCDP_IGIA_10-08.pdf. Retrieved 4 September 2017, from https://www.aasb.gov.au/admin/file/content105/c9/ACCDP_IGIA_10-08.pdf Ji, X. D., Lu, W. (2014). The value relevance and reliability of intangible assets: Evidence from Australia before and after adopting IFRS.Asian Review of Accounting,22(3), 182-216. Russell, M. (2014). Capitalization of intangible assets and firm performance. Russell, M. (2017). Management incentives to recognise intangible assets.Accounting Finance,57(S1), 211-234. Steenkamp, N., Steenkamp, N., Steenkamp, S., Steenkamp, S. (2016). AASB 138: catalyst for managerial decisions reducing RD spending?.Journal of Financial Reporting and Accounting,14(1), 116-130. Yao, D. F. T., Percy, M., Hu, F. (2015). Fair value accounting for non-current assets and audit fees: Evidence from Australian companies.Journal of Contemporary Accounting Economics,11(1), 31-45.

Vietnam How And Wh Did The Us Get Involved Essays - Vietnam War

Vietnam: How And Wh Did The Us Get Involved? Vietnam: How and Why the United States Got Involved The conflict in Vietnam which is also called the Ten Thousand-Day War was an ongoing battle from 1945 to 1975. In the 30 years of fighting, the United States would lose over 57,000 men while Vietnamese dead numbered two million (Maclear 2). The Vietnam War is very interesting because many people have wondered how and why the United States got involved in a war that really didn't seem to concern them. American involvement officially began in 1950 when the US government recognized the Bao Dai government and began sending the French aid to fight off the communist backed Viet Minh led by Ho Chi Minh (Scheer 10). The French lost the war because it was not fully committed to a ?win? policy (Scheer 10). The Bao Dai, anti-Communist nationalist alternative, whom the Truman and Eisenhower Administrations had backed, had failed to undercut the appeal of the Viet Minh (Scheer 11). The price of peace involved the surrendering of some portion of the country to the Communists, and the United States could not oppose since it had not become deeply involved (Scheer 12). The United States instead placed its hopes on a ?new anti-Communist nationalist alternative? and his name was Ngo Dinh Diem. Diem accepted the offer and on July 7, 1954 his government was formally organized. This started a new phase of U.S. involvement in Vietnam. Senator John F. Kennedy recommended, in order to prevent the further spread of communism in Southeast Asia, that the French grant independence to South Vietnam, support the government's army, and ?whenever necessary?[make] some commitment of our manpower? (Scheer 15). The settlement at Geneva in July, 1954, did three things: 1) it ended the war; 2) divided Vietnam in half ?temporarily?; and 3) called for peace and reunification of the country (Scheer 16). Diem's government believed in tight central control to divert the nationalist revolution from Communist objectives (Scheer 21). During the first year of the new government, Diem crushed all sources of opposition left over from the Viet Minh (Scheer 21). By 1959, in the North, the Viet Minh had written off the possibility of the elections that they were supposed to get and turned to military means. This ended the illusory stability of the Diem regime (Scheer 46). Diem was aware that his government could not survive without the massive aid from the United States so he based his whole appeal on anti-communism (Scheer 56). But then, with the ?Communist danger? the basis for assuring continued American aid, the ?secure? countryside suddenly was overrun with ?Communist terrorists? (Scheer 56). At the end of April 1960, eighteen Vietnamese nobles petitioned Diem to liberalize his regime. The petition said continual arrests had filled prisons to overflowing and asserted that a swollen Government bureaucracy was corrupt and inefficient (Scheer 59). In 1961 Edward Landsdale was sent to Vietnam to make an over-all study of the situation. He reported that the situation was near total collapse and that if the policies of the Diem government and its advisers continued to be pursued the country would soon be lost (Scheer 60). It was then decided to increase the Vietnamese Army from 150,000 to 250,000, which was a direct violation of the Geneva Accords, to concentrate its training on counter-insurgency (Scheer 62). The final incidents that led to the coup were a train of abuses, no single one of which was necessarily more important than any other, even though the dramatic Buddhist crisis is frequently cited as the final straw; it was one straw, a dramatic on. On November 1, the generals staged a coup and in the end Diem was killed (Trager 179). In the spring of 1961, the magazine press began to revise its picture of Diem's government (Scheer 66). Jerry Rose, who was an expert on Vietnam, accepted the containment policy after Diem's removal and supported the overriding necessity for stopping the spread of communism in Vietnam. He says: To sum up: one solution now for the U.S. appears to be a show of power in South Vietnam which would pave the way toward a compromising settlement. But is the risk of a power-play warranted? Southeast Asia has