A Comparison of Styles and Settings essays

A Comparison of Styles and Settings essays In the short story "Soldier's Home," by Ernest Hemingway, Kreb's rejection of his community's values can be related to Sammy's relationship to his supermarket job in John Updike's "A he never lets readers become personal or emotional to Kreb's. Where in "A unky kid, with a good tan, and a sweet broad soft-looking can, with these two crescents of white just under it, where the sun never seems to hit, at the top of the backs of her legs" (480). Comments about the girls like this one gives Updike's "A&P" a youthful humor for readers to enjoy. Another example of this is when Sammy thinks to himself, "She did not look around, not this queen, she just walked straight on slowly, on these long white prema-donna legs" (481). Statements like this gives readers comic relief and throughout the rest of the story he refers to this leader of the girls as Queenie. An example of when Sammy refers to her is when he says, "Queenie blushes, though maybe it's Hayes 2 maybe just a brush of sunburn I was noticing for the first time, now that she was so close" (483). There is no light-hearted or uplifting thoughts given from Krebs in "Soldier's Home" just serious, cold, not so happy statements for example, "Krebs acquired the nausea i...

The UK Conservative Government 1990-1997 and the UK Labour Government 1997-2002 Essay Example

The UK Conservative Government 1990 The UK Conservative Government 1990-1997 and the UK Labour Government 1997-2002 Essay The UK Conservative Government 1990-1997 and the UK Labour Government 1997-2002 Essay The Conservative Government of 1990 under John Major aimed to move urban politics in a new direction. The removal of Margaret Thatcher from office and the re-appointment of Michael Heseltine to the Department of the Environment signalled this change in direction. The policies of the 1980s were based on privatisation with respect to the redevelopment of deprived areas. The policies from the 1980s however received much criticism from the Audit Commission Report, as well as Conservative supporters alike. The Audit Commission had described Urban Support Programmes as a patchwork quilt of complexity and idiosyncrasy, and the economic decline, combined with changing patterns of economic growth led to poverty. During the 1990s however, the governments emphasis was placed on collaboration or local governance, which became more widespread. The need for a governmental change of view from the previous decade was realised in 1990 in the review of Action for Cities. The government called for a spirit of co-operation, of partnership between all of those involved in central and local government, including local businesses. The idea of partnerships between public and private sectors was introduced in May 1991. Much of the literature on the topic of urban regeneration policies is interested in the relationship between local authorities and businesses. The main reason behind this is the urban policy agenda established by the Conservatives in the early 1990s, which was principally about the pooling of resources between local government and businesses. The new Conservative Partys first urban initiative, City Challenge was set up in May 1991. This policy was designed by Michael Heseltine, and the emphasis was on partnership and competition. The government invited local authorities to bid and compete with each other for regeneration funds. City Challenge placed local authorities back at the centre of urban policy. In the first round of bidding, 21 authorities were invited to bid, of which 11 were successful. In the second, all 57 urban programme authorities were invited to bid, and 20 were successful. The City Challenge scheme had many critics who questioned the selection process. The policy had run for 18 months when the government announced in November 1992 that they planned to wind down the urban programme and City Challenge. In 1993, the Urban Programme was brought to an end in the 1993 reforms. The Urban Regeneration Agency was formed and brought about the Single Regeneration Budget (SRB) and English Partnerships (EP). EP was officially launched by the government in November 1993, and it brought together English Estates, Derelict Land Grant, and City Grant. It was designed to upgrade derelict land for redevelopment in partnership with local councils and the private sector. English Partnerships was given powers to override local authority planning restrictions, and used the funds to offer financial assistance as a means of gap funding for the areas deemed to be in greatest need. There was a lot of controversy over its role in the process of urban renewal. When the policy was launched, the government announced that there would be one senior regional director for each of the ten regional offices. This top-down implementation placed full control of the region with one senior officer, as oppose to the individual authorities being given more control as they were with the City Challenge policy. The SRB was launched in April 1994. It consisted of 20 existing programmes, which included City Challenge, and also brought about the integration of the regional offices of Whitehall. The budget they had to operate with was  £181million in 1994 and 1995, and  £ 220million in 1996 and 1997. The co-ordination of this policy was welcomed, but critics argued that instead of elected regional bodies, the government had increased central administrative powers. The SRB was considered to be the new flagship regeneration programme and consisted of three main strands: (i) partnership, (ii) integration of social and economic issues, and (iii) competition. Rounds 1 3 of the SRB were conducted under the Conservative Party, however the Labour Party was elected in the middle of round 4. The Labour Party in power (1997-2002): The Regional Development Agencies (RDA) Act was passed in 1998 and set out New Labours policy of delegating the task of urban regeneration to each specific region. The main purpose of the RDAs was to further economic development and the regeneration of the area in question. Other aims were to promote business efficiency, investment, competitiveness, and employment in the area, whilst also enhancing the development and application of skills relevant to employment in the area. The RDAs were officially founded in 1999 and eight were set up in each of the regions, and a ninth for London set up in 2000. The RDAs took over from English Partnerships in terms of the responsibility of regional development. The special functions of the RDAs include formulating a regional strategy in relation to their purpose, promoting regional regeneration, taking forward government competitiveness agenda in regions, and taking the lead on regional inward investment. Following consultation with regional partners, the RDAs presented the strategies to the government in October 1999, and in January 2000, the government responded by giving a broad welcome of the strategies. The governments response was to significantly increase the RDAs budgetary flexibility. New funding was brought together in a single cross-departmental budget by 2002-2003 of  £ 1. 7billion. Government Offices for the Regions were established in 1994, but under the Labour Government, were given an increasingly pivotal role at the heart of Government. The Government Offices (GOs) worked together with the Regional Co-ordinator Unit (RCU), which was established as the headquarters for the GO network in 2000, as a result of the Performance and Innovation Unit Report, Reaching out the role of central government at regional and local levels. Together, the GOs and RCU aimed to cut through bureaucracy and add value to delivery through its shared experience and best practice, bring together key stakeholders and local partners, and providing a high quality of service. This aim was to be provided by combining skills in the GOs at the local level, with the co-ordinating role of the RCU in influencing policy design and implementation in Whitehall. Regional Chambers (RCs) or as some are known, Regional Assemblies (RAs) form a partnership working between local authorities and regional partners. Each chamber has been formally recognised by the Government as being representative of the interests of the region in relation to the work of the regions RDA. Each RC is made up of 70% local authority members, and 30% from other sectors including industry, education, environment, NHS, and TUC. The RCs initial focus was primarily on the RDAs regional economic strategies, and they have also sought to build up effective working relationships with the RDAs, GOs and other regional interests and stakeholders. The Deputy Prime Minister announced a new role for EP in July 2002. The new role provided a fresh mandate and a clear strategy to support sustainable development and growth in England. As part of a mergence with the Commission for the New Towns, EP will work with the private sector, the Housing Corporation, and local authorities to help increase the amount of affordable housing. EP will aim to make best use of the nations supply of land by developing on brownfield land, and by using surplus land in the best way possible. EP will work closely with a range of partners in support of the RDAs regional strategies to try and achieve its targets. Another Labour policy to achieve urban regeneration is the Neighbourhood Renewal Unit (NRU). The NRU was set up to lead and oversee the national strategy for neighbourhood renewal, taking over this task from the Social Exclusion Unit in April 2001. The aim is to deliver economic prosperity, safe communities, high quality schools, decent housing, and better health to the poorest parts of the country. The overall aim is to bridge the gap between the poorest areas of Britain and the rest of the country. The NRU identified the 88 most deprived local authorities in the country and devised a best value programme, by which the Government are to invest a lot of money in improving public services in these areas. This strategy is being funded by the Neighbourhood Renewal Fund (NRF), which is  £300million in 2002/3 and will be  £ 25million for 2004/5. Another branch of the NRU is the New Deal for Communities (NDC). The NDC works in a similar way to the NRU, but it places local people at the heart of it. Local people, community and voluntary organisations, public agencies, local authorities and business are encouraged to work in partnership to deliver significant change by turning local peoples aspirations into action. The strategy is targeted over the next 10 years, and aims to develop a local strategy to tackle social exclusion in order to create vibrant and sustainable communities. Comparison and contrast between Conservative and Labour policies: The main difference between the various policies on urban regeneration between Conservative and Labour Governments is the socio-economic factor. The Conservative Party continued the 1980s theme of economic development, albeit with more cohesion and co-ordination. From the outset, the emphasis was placed on partnerships between local authorities and businesses to regenerate economic development, which would in turn provide more employment and bring about social improvements. The competitiveness encouraged local authorities to form partnerships with businesses as it gave a greater possibility of receiving a grant from the City Challenge fund. When the Labour Party first came to power, they formed the RDAs and to begin with, placed the initial emphasis on continuing the economic development. Whereas the Conservative Party only produced a transparent policy solely to increase partnership and competition, whereby local authorities only receive funding based on how well they can submit an application, the Labour Partys policy tied in a lot more objectives. Promoting business efficiency, investment, employment, and developing skills relevant to employment in the area is a much wider policy and the various regions will have different specific policies relevant to each region and sub-region. When the Labour Government integrated the Government Offices with the Regional Co-ordinator Unit, they highlighted the objective to cut through bureaucracy, a total contrast to the Conservative Government. It was the Conservatives policy to increase the level of bureaucracy with the SRB. The increase in administrative powers at the top followed by delegation of funding is a form of top down and trickle down implementation, the opposite approach to that of the Labour Party. It was Labours policy to bring together key stakeholders and local partners via the GO, and a much wider contribution was created in the form of the Regional Chambers. The RC took a bottom up approach in its purist form. It incorporated people from all corners of industry, the market place, and services to form a mixed composition, and worked hand in hand with RDAs to bring together the needs for the whole region. With respect to English Partnerships, the way in which the two governments implemented their policies varied significantly. While the Conservative Party focused mainly on economic growth and employment, the Labour Party dealt more specifically with the housing needs and social problems faced in Britains deprived areas, as they did with the NRU strategy. The Conservatives focused on the development of brownfield sites as a means of generating jobs and providing large flagship projects, as oppose to the Labour policy of providing affordable housing and building new communities. In general the two Governments used similar methods of integration of funds and resources as a means of generating the funding for urban regeneration. The amount of money invested in regeneration by the Labour Government was far greater than that of the Conservative Party and the programmes that the funds were invested in were different to. In conclusion, the Government of 1990-1997 took an economic viewpoint whereas the 1997-2002 Government placed their regeneration policies closer to home with social based policies.

Drugs and mass media Essay Example | Topics and Well Written Essays - 1500 words

Drugs and mass media - Essay Example In the book â€Å"One-Dimensional Man: Studies in the ideology of Advanced Industrial Society† Herbert Marcuse claims that in modern society people are determined by the information that comes from mass media and technologies (13). The information forms the concepts people keep in their minds to estimate things they meet in their lives. The point is that people almost become controlled by the images and concepts mass media thrust them. For example, concerning drugs, when we watch some advertisement on TV where we see that people who have used some medical drugs become healthy and happy, we undoubtedly believe that we will get the same effect if we start using the drugs as well. The main problem is that we certainly believe in what we see in mass media because media system taught us that the best way to get trustworthy information is looking for it in mass media sources. Why don’t we ask ourselves whether the conceptualizations we get from media are truthful or just the tools of manipulation on society? Within his social theory of communication famous German sociologist Niklas Luhmann argues that communication is the main basis that lies in fundamentals of society. As far as mass media is the main communicative tool of modern social system, it works throughout all the aspects of society (25). First of all, it forms public opinion, which evidently is one of the most powerful manipulative remedy against personality. It turns out that considering media products, for example, watching TV we unconsciously catch the main points of public opinion. In other words, we learn how we have to look like and who we have to be to become the persons accepted by our society. If watching TV we see that it is normally to use drugs to look cool and stylish, we start using drugs to become cool and stylish. Luhmann claims that the messages we

Economics Paper 2 Essay Example | Topics and Well Written Essays - 500 words

Economics Paper 2 - Essay Example International Trade costs U.S job: International trade benefits both the countries. Standard of living of both countries increase, the countries can utilize their labor in something that is surplus and create boom in that product. National debt will burden the future: It is not always that national debts that burden the country. If the Government utilizes the funds in development of the future generation ; Even though the future generation will have to pay a little more tax but they will be duly benefited. Sweat Shops exploit workers: In poor countries getting a sweat shop job is better than not getting any job at all. By improving the work place amenities the cost of production will increase and the manufacturer will try and balance out their expenditure by reducing employment. This will lead to the employees losing their job. Trade Deficits means weak economy: In a booming economy there is more money to buy. Hence the Trade Deficits are seen. Also when people invest in a booming economy the money flow is outwards.So the money appreciates making it expensive for the foreign buyers. So Trade Deficit is not a sign of weak economy Monopolies charge any price:: It is not always that monopoly companies charge the highest. To make their products sell they may even charge low. The consumer may also benefit by the monopoly as it gives them a specialized market of that particular good in a competitive price. Manufacturers make products that wear out so that they can sell more: Even if the companies increase the price of products lasting longer, competition will make them reduce their price, thus benefiting the consumer. Money comes out of printing press: Most of the money in US economy is not in hard cash but in a/c in banks. When they lend out loans and in turn gets more checques.That way it increases its money making. But if they

LOCAL VANCOUVER ISLAND TOURISM - PARTICIPATION AND ITS RELATIONSHIP TO Essay

LOCAL VANCOUVER ISLAND TOURISM - PARTICIPATION AND ITS RELATIONSHIP TO QUALITY OF LIFE - Essay Example The thematic exploration of local tourism with regard to the quality of life becomes significant as its findings could be exploited not only for enhancing the overall well-being of the local people but also in promoting new opportunities of growth across the Island population. The study had focused on the views of women in the age group 30-39 years. The main reason being that women’s outlook is linked to wider community encompassing friends, relatives, children etc. as they are perceived to be the epicenter of family. The thesis questions were very pertinent to explore and identify the factors that link local tourism to the holistic welfare of the people. The questions had focused on three major ideas: How women in 30-39 years perceive local tourism; their perception of ‘quality of life’; and how quality of life is related to local tourism. Local participation and sustainability have underpinned the research objectives which makes the study hugely relevant to the socio-economic development of the Island. The exploratory research has exploited the tenets of descriptive qualitative research methods using semi-structured interview schedule and focus group. Total numbers of participants were nineteen: six from the industry stakeholders; an d thirteen female participants representing diverse community across Vancouver Island. The thesis findings had revealed some very interesting aspects of human relationship that have wide ranging impact on local tourism. The quality of life had varying meanings for different participants but it was unanimously confirmed that it had positive impact on their life and happiness. It could broadly be divided into three categories: being a healthy and happy person and enjoy all amenities of life like good food, good work-life balance and being independent. The second category is linked to better social relations, safe environment, strong sense of pride and lifestyle choices. Lastly, cost effective peaceful

Problems And Solutions For Information Poverty India Sociology Essay

Problems And Solutions For Information Poverty India Sociology Essay Introduction Todays world has become a small place due to the expansion and understanding of technology; globalisation is another major contributing factor that must receive credit for this expansion throughout the globe. This report will attempt to discuss and analyse some of the issues that surround information poverty with regards, to India. As a developing country, India is forecasted to become one of the worlds major player interns of economic power, globally. Before this can happen, India needs to make a transition from a developing country towards a developed country. It is the objective of this report to critically analyse, issues as well as suggesting solutions for them. This paper will attempt to introduce some of the theories and concepts that can be applied and analysing as well, some of the problems and then finally, discussing the issues in order to give recommendations with regards to India. India Currently over 1 billion people call India home, it is a wide and diverse culture that can trace its history back to the Indus Valley civilisation, which is a civilisation that can trace its history back over 4000 years (Stearns, 2006). It has seen numerous other civilisations that have invaded its borders and it has most recently been ruled by the British Empire. Although Britain profited from Indias resources it did leave an infrastructure which is still beneficial for India, in the form of its railways. India sought and received independence from its colonial masters in 1947. India is also one of only a select few countries throughout the globe that can claim nuclear capabilities as one of their achievements. It is also seen as one of the major developing markets throughout the globe but it has significant overpopulation mixed in with a large number of its citizens living in poverty and as with a lot of other countries throughout the globe it suffers from widespread corruption. In addition to this it still operates a caste system throughout its culture they can segregate its citizens to the point that the people at the bottom in some cases, must physically not even touch any superior caste (outcastes) (Stearns, 2006). It is estimated that in 2008 29% of its total population lived in urbanised areas and it is also estimated that its literacy rate currently stands at 61% (CIA, 2010). Information Society In order to understand what information poverty is, it is critical to understand what information Society is. In this section of the report the author will be looking at what information society is, by looking at the different theories that exist. authors such as Wiener (1948) highlighted in the early stages how information and communication would be significant in the future and later on other authors such as Bell (1973) continued to support this argument; it is fair to assume that Wiener (1948) and Bell (1973) did not realise how significant their papers would be with regards to todays world and new academics such as Freeman and Louc (2001) have had to highlight the changes that have occurred in ideologies with regards to the revolution That has occurred in todays world. Throughout the literature that is available, information Society has also been labelled differently by academics, examples of this include, information economy, post-modern society, surveillance society and as well as knowledge society. This also links to globalisation as it is a general consensus that globalisation has been significantly boosted by information and technology. Numerous authors such as Berman (2008); Floridi (2009); Hilbert, et al (2010); Poel, et al (2010) and Webster (1995) are in agreement that information Society theories have been drawn up in order to understand how information can flow throughout society as well as how it can be used and controlled. This is important as information and knowledge can be critical to an organisation as well as societies throughout the globe, it is also valuable as it affects everyone, from the top down. Berman, (2008) goes on to highlight how the theory of data pyramid can significantly add to a societys value by firstly (starting at the bottom) by increasing individual value this will lead on to the progression of community value which ultimately results in increased value throughout society as a whole. He goes on to highlight that with the increase through digital data collection society can benefit greatly through increasing infrastructure as well as stability, although responsibility is also increase d it has an overall side-effect that decreases the risk of any loss or damage to a nation. When it comes to information poverty authors such as Hilbert, et al (2010); Cullen, (2001); and significantly with Norriss (2001) paper that highlights the inequality and digital divide that can exist through a wide range of factors that include ethnicity, geography and more significantly factors such as income and education. It is crucial to understand that change can only exist by the impact of new technologies and strategies and these results in a complex level of change that will also alter social factors (Van Dijk and Hacker, 2003 and Warschauer 2003). When it comes to information poverty there are numerous papers that relate to the digital divide but it has created significant differences throughout the authors opinions as some authors such as Howard, et al (2009) highlight how in todays world, with the opening up of Borders there tends to be an increased level of parity with regards to bridging the gulf between the divide that currently exist, but another school of thought con cludes that this divide is in fact deepening (James, 2008 and Van Dijk and Hacker, 2003); Hilbert, et al (2010) draw attention to how that this issue has been attempted to be resolved in order to give a definitive answer, he states various compound measures have been created, so-called e-readiness indices, such as the ICT Development Index . Even though numerous authors have attempted to answer definitively the contentious issue that relates to the digital divide and even with implementations of indexes, there still lies a great level of confusion as there is no real consensus; this issue is compounded by the fact that any attempt to analyse the different mediums such as the Internet, given the increased level of complexity by communication and technology. Issues and examples The divide Some issues that relate to India with regards to information poverty surround the significant divide between the rich and poor, which can easily be seen throughout India. Although India is a developing country and it is expected to become one of the Worlds powerhouses, it can be assumed that in the future there would still be a divide with regards to wealth be it monetary value as well as access to information. This will lead to an underclass that would have restricted access throughout its citizens. As discussed previously by James, (2008); Van Dijk and Hacker, (2003); Hilbert, et al (2010); and Howard, et al (2009), there is a digital divide that relates to nations as well as globally. Consciousness The consciences of India is arguably, significantly less than those of Western countries due to the lack of exposure and access to mediums that will enable its citizens to expand their understanding with regards to accessing information as easily as those of developed countries. As numerous nations throughout the globe have realised that they need to alter their level of consciousness and awareness with regards to being informed of what is occurring around them, be it through policies or with the expansion of globalisation as an example. This can be shown by nations such as United Arab Emirates and Saudi Arabia understanding that planning for the future is a necessity in order to guarantee the success of its nation. Both these countries have worked tirelessly in order to improve the communication infrastructure as well as drawing upon expertise from all corners of the globe in order to consult an aide the development of their nation. Outsourcing India is one of the centres of the World with regards to globalisation as it has seen a significant amount of multinational and national corporations outsourcing their operations to Indian organisations. Most British citizens are aware that they are numerous companies outsourcing their call centres to India in order to reduce costs, but a significant proportion of the population might not know that India in fact has been receiving a steady supply of corporations that are willing to move departments and operations to India due to the amount of its citizens who have specialised in software and hardware development. This is a significant step forward in the development of information within India but it is crucial to understand that the intellectual property rights of the work that is being done within Indias borders tends to revert back to the country of origin. Infrastructure India is a wide and vast country with an estimated 1,173,108,018 (July 2010) people living within its borders and as such the level of its citizens that are Internet users only accounts for 81 million (2008, 4th in the world), which causes problems with regards to the clusters of its citizens who live in poverty and there are a large amount of its population that do not even have access to indoor plumbing let alone having access to Internet and telecommunications services. This clearly shows the level of information poverty that surrounds India such as the level of the population that have Telephones main lines, which only stands at 36.76 million as of 2010. Although major cities can see the development of its infrastructure with regards to the availability of Internet access but this cannot be said for rural India. Solutions The divide It is a myth to think that developed countries have perfect societies and democracies when it comes to society and politics and this can also be said for a developing country. Inroads must be made in order to try and bridge the gap between the haves and have-nots. This can only be done through a change of traditions and culture as well as the assistants of the elitist powers that be, who tend control Indias policies and wealth. A new social movement is required, one that does not take into account geography and the caste system. Consciousness By allowing Indias gifted students the opportunity to study abroad in order to experience different perspectives and knowledge skills then India can hopefully boost its level of consciousness within a society. Indias education system must also attempt to benefit those at the bottom with regards to enriching their experiences and knowledge. Programs which have been previously broadcasted on the BBC relating to informational videos provided by the Open University. It is a great way of highlighting how the media can assist its citizens by attempting to educate them in order to hopefully aid with its issue of information poverty. Outsourcing It is a common consensus that nations require four key ingredients for growth, land, labour and capital. The fourth is probably the most significant when it comes to this issue and it relates to entrepreneurship. India must attempt to tackle the brain drain that is occurring currently with regards to outsourcing. Although outsourcing is a crucial factor, India must attempt to produce its own intellectual property in order to capitalise more significantly on the ability to considerably increase its profits in order to increase its capital, to benefit India as a whole. Infrastructure Information poverty can be tackled significantly with the investment in its infrastructure. This has to be done by allowing the whole of the nation to have access to other information mediums. It is understandable that India is vast but instead of attempting to have access to every home, it should start by having centres in remote regions so they can experience some of the knowledge gained and this will require a significant amount of investment. Although the physical infrastructure is lacking it is key to note that further access can be done by mobile phone technology as there is approximately 545,000,000 Mobile telephones that exist currently. It is key to note that urban areas have a significant level of coverage compared to those of rural areas that are still lacking but crucially have seen a steady increase in its coverage. Recommendations As the examples above clearly show that there are numerous issues that relate to India with regards to information poverty. It is important to note that these are only a few of a vast array of issues that surround information society within India. Although numerous authors have different opinions as to whether there is an increase or a decrease with regards to the divide between the haves and have-nots; both points of views are valid as some assumptions can be made such as with globalisation, undeveloped and developing nations are rapidly closing the gap as a whole to those of developed nations, but on the other hand you can see with the likes of India; that although India is rapidly closing the gap to other nations, the same cannot be said if you look within India. An example of this is that urbanised areas are clearly rapidly improving whilst rural areas have not seen the same level of development. In order to address the issues that relate to information poverty, it is vital for India to first significantly invest in programs such as developing its infrastructure to those citizens that are lacking access to information. Through the support of the government, India can attempt to address these issues and it would also be beneficial to them with regards to aiding and bolstering their current success, as can be seen with the impressive figures from recent years that have shown its noteworthy growth (monetary value and influence). It is clear that for India to proceed with this plan it draw upon its knowledge and understanding in order to be able to negotiate freely with all parties to ultimately achieve its goals. Although throughout western countries you can see different levels of influence such as the upper-class, middle-class and working class, these distinctions have been somewhat skewed overtime as whole Bloodlines can no longer be categorised easily; this cannot be said of India as cultural differences are still a major influencing factor and as such it must be tackled through a wide range of policies such as equal opportunities laws and more significantly from some can of social movement, again this would require the support of both the people and most crucially the government in order to introduce political and legal legislations to tackle this issue.

Financial and Management Accounting

Fall 2012 Master of Business Administration- MBA Semester 1 MB0041 – Financial And Management Accounting – 4 Credits (Book ID: B1624) Assignment Set – 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain the process involved in accounting. 2. The salaries paid in 2004 is Rs. 5,00,000; Salaries outstanding is Rs. 20,000; Salaries paid in advance for 2004 is Rs. 30,000. What is the actual salary expenditure for 2004? Which accounting principle is involved in this and explain that principle. 3. Find the value of the following: a.If the total assets are Rs. 87,000 and the liabilities are Rs. 47,000, find out the amount of capital. b. If the capital of proprietor is Rs. 4,00,000 and the total assets are Rs. 6,00,000, what is the amount of liabilities to outsiders? c. If creditors are Rs. 56,000, bank overdraft is Rs. 1,00,000, and outstanding expenses are Rs. 8,000, what is the total amount of assets? d. Fixed assets are Rs. 70,000 a nd current assets are Rs. 1,00,000 and the creditors are Rs. 30,000. What is capital? 4. Enter the following transactions in the single column cash book of Gopichand.March, 2003 1st. Commenced business with cash 20000 2nd. Bought goods for cash 5000 3rd. Sold goods for cash 4000 4th. Goods purchased from Ravi Kumar 10000 10th. Paid to Ravi Kumar 7000 14th. Cash sales 8000 18th. Purchased furniture for office 4000 22nd. Paid wages 500 Fall 2012 25th. Paid rent 600 30th. Received commission 4000 30th. Withdrew for personal purpose 1000 Cash balance 170000 Hint: Goods Purchased from Ravi Kumar is a credit purchase. 5. Find out the missing figures. Office stationery 5000 Purchased during the year Closing stock 8000 25000 ? 3000 Opening stockConsumables 6000 ? 24000 Consumed for the year ? Hint : Office stationery consumed for the year =27000 Consumables purchased during the year = 22000 6. Explain the tools of management accounting. Master of Business Administration- MBA Semester 1 Fall 2012 MB0041 – Financial and Management Accounting- 4 Credits (Book ID: B1624) Assignment Set – 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd. from the following extract of its income statements of five years. in Rs. Crore) Particulars 2010-11 2009-10 2008-09 2007-08 2006-07 27,501 22,742 21,693 16,692 13,893 Operating Profit (PBIDT) 8,968 7,861 7,195 5,238 4,391 PAT from ordinary activities 6,835 6,218 5,988 4,659 3,856 Revenue (Source: Infosys Technologies Ltd. – Annual Report) Hint: The Revenue and Operating Profit (PBIDT) have almost doubled in four years. The PAT from ordinary activities has increased by 77. 26% in the same period. 2. What is fund flow analysis? What are the objectives of analysing flow of fund? From the following balance sheets of Joy Ltd. prepare a cash flow statement under indirect method. Liabilities 2005 2006 Equi ty share capital 3,00,000 4,00,000 8% redeemable pref. share capital 1,50,000 1,00,000 General reserve 40,000 70,000 Profit and loss 30,000 48,000 Proposed dividend 42,000 50,000 Sundry creditors 55,000 83,000 Bills payable 20,000 16,000 Provision for taxation 40,000 50,000 6,77,000 8,17,000 Goodwill 1,15,000 90,000 Land and building 2,00,000 1,70,000 80,000 2,00,000 1,60,000 2,00,000 Stock 77,000 1,09,000 Bills receivable 20,000 30,000 Total Assets Plant Sundry debtors Fall 2012 Cash 15,000 10,000Bank 10,000 8,000 Total 6,77,000 8,17,000 Additional Information a) Depreciation of Rs. 10,000 and Rs. 20,000 has been changed on plant and building during the current year. b) An interim dividend of Rs. 20,000 has been paid during the current year. c) Rs. 35,000 was paid during the current year for income tax. Hint: Cash flow from operating activities Rs. 1,25,000; Cash flow from investing activities (Rs. 1,20,000); Cash flow from financing activities (Rs. 12,000). 3. Calculate the cost o f raw materials purchased from the following data: Opening stock of raw materials Rs. 10,000Closing stock of raw materials Rs. 15,000 Expenses on purchases Rs. 5,000 Direct wages Rs. 50, 000 Prime costs Rs. 1, 00,000 Hint: Cost of Raw Materials purchased is Rs. 50,000 4. Distinguish between absorption costing and marginal costing 5. The Anchor Company Ltd. produces most of its electrical parts in its own plant. The company is at present considering the feasibility of buying a part from an outside supplier for Rs. 4. 50 per part. If this is done, monthly costs would increase by Rs. 1,000. The part under consideration is manufactured in department 1 along with numerous other parts.On account of discontinuing the production of this part, department 1 would have somewhat reduced operations. The average monthly usage production of this part is 20,000 units. The costs of producing this part on per unit basis are as follows. Material Rs. 1. 80 Labour (half-hour) 2. 40 Fixed overheads 0. 80 Total costs 5. 00 Should the company produce this part or should it buy from an outside supplier? Fall 2012 Hint: Differential costs 7,000 per month Favouring making of the parts 6. Explain the essential features of budgetary control. 0. 35 er unit