Black Decker Financial Statement Analysis - 3207 Words

Perspective This analysis will review one of America’s largest and oldest organizations. Black Decker Corporation (BDK) has had numerous acquisitions and mergers that have allowed it to become the organization as we know it today. Given past performance and growth excellence, it appears almost a certainty that BDK should be in an individual’s portfolio. With the information age upon us, we have increasingly more ways in which to analyze a company and its financial statements. We will take a closer look at Black Decker’s financials over the last 3 years and calculate if the future or present statistics are as profitable as BDK and history would have you believe. In our analysis, we will look to make a recommendation to a†¦show more content†¦With this reorganization there was an increased focus on marketing and sales. With the emphasis came a name change to the Black and Decker Corporation. A rebound soon took place. Double digit growth and the $2 billion per year sales benchmark were reached. In the late 80’s and early 90’s, large acquisition catapulted BDK to the $5 billion in annual sales arena. Soon thereafter, BDK sold off 6 non-strategic business units to generate $700 million in cash to repay acquisition debt. In 1998, the strongest balance sheet on record is reported and sales of core products are at all time highs. Key Historical Happenings 2003-2005 In 2003, Black Decker purchased Baldwin Hardware Corporation and Weiser Lock Corporation from Masco, for a cash purchase price of $275 million. In 2004, Black Decker announced the purchase of the tools group, Pentair, Inc. (PNR) for approximately $775 million in cash. PNR and its products offering had sales of $1.08 billion and operating profit of $82 million in 2003. This last acquisition was significant not only in the cash value of the deal, but also has increased the product offering of BDK significantly. Product Portfolio Black Decker products are able to be purchased at 18 â€Å"brick-and-mortar† locations including Wal-Mart, Home Depot, Target, and Sears. Also, these products are available for purchase at 12 on-lineShow MoreRelatedThe Black Decker Corporation.2029 Words   |  9 PagesThe Black Decker Corporation. Mission Statement Black Decker is the worlds leading manufacturer and marketer of many consumer and industrial products. Black Decker is committed in offering always the most innovative, high quality and technologically advanced products and is recognised worldwide for its reputation and excellence. Apart from its commitment to the customers the company had devoted much effort for the satisfaction and good relation with its stockholders, suppliersRead MoreA Study Of Gentrification On Economically Vulnerable Populations : A Case Study For The Jackson, Mississippi5347 Words   |  22 PagesPopulations: A Case Study for the Jackson, Mississippi May 5, 2017 by Essilyn Milton Submitted to: Dr. Johnny Gilleylen Advanced Research Methods Ph.D. Program PPAD 796 Table of Contents Chapter 1: Introduction 3 Problem Statement 3 Research Objectives 4 Rational of the Study†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 Significance of Study†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4 Chapter 2: Overview of Gentrification 6 Causes of Gentrification†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦10 Vulnerable Population/CharacteristicsRead MoreSunbeam Corporation Ethics4981 Words   |  20 PagesJournal of Business Case Studies – January/February 2010 Volume 6, Number 1 Sunbeam Corporation: A Forensic Analysis Patricia Hatfield, Ph.D., Bradley University, USA Shelly Webb, Ph. D., Xavier University, USA ABSTRACT The members of the Board of Directors at Sunbeam were completely bewildered. Al Dunlap, Sunbeam’s highly successful but controversial CEO was threatening to resign after almost two years of leading Sunbeam successfully out of a slump that had threatened the long-termRead MoreKeurig Green Mountain : Financial Reporting Project2140 Words   |  9 PagesKeurig Green Mountain Financial Reporting Project Professor Erickson 9:15-10:20 Joseph Schmitt Audrey Steeves Amy Wang Thanpat Wongvajara Keurig Green Mountain Coffee is a company dedicated to providing its customers with the best home beverage making technology as well as the best beverage brands and coffee around the world. They specialize in coffee, tea and coffeemakers. They have a variety of products and product lines that cater to the idea of customizing beverages for the end consumerRead MoreVideo Notes29279 Words   |  118 Pages |2, 15 |27 | |Pearson Education: Information Technology |3, 4, 10 |31 | |Process Analysis at Starwood |4 |33 | |Starwood: Process Performance and Quality |5 |37 Read MoreVzt1 Task 13315 Words   |  14 PagesID: Date: Student Mentor Name: Table of Contents Introduction 3 Product Description and Classification 3 Product Support of Mission Statement†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.3 Consumer Product Classification 3 Target Market 3 Competitive Situation Analysis 3 Analysis of Competition using Porter’s Five Forces Model 3 SWOT Analysis 4 Strengths and Core Competencies 5 Weaknesses 5 Opportunities 5 Threats 5 Market Objectives 6 Product Objective 6 Price Objective 6 PlaceRead MoreProposal Marketplace4093 Words   |  17 Pagess Proposal of Business Simulation Program FinanceOne Financial Consulting (China) Co., Ltd. January, 2006 Contents Marketplace Simulation Its Objectives to Participants and your company †¦3 Who Are Using Marketplace †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 Game Scenario and Decisions by Quarters †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 Targeted Participants†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 9 Program Level of Difficulty and Decisions by Functions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Read MoreFactors Affect Choice of Bank Services23387 Words   |  94 Pageslike to express my gratitude to my advisor Dr. Ulaganathan Subramanian for his invaluable and constructive contributions throughout this study. My deepest appreciation goes to the School of Business and Public Administration of AAU for providing financial support to conducting this thesis and Aksum University for giving me the chance to learn Masters Degree. I am also indebted to all my best friends who had taken the endeavors to voluntarily administer the questionnaire on my behalf; special thanksRead MoreAnalysis of Mattel’s Supply Chain Management6531 Words   |  27 Pages†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..â₠¬ ¦Ã¢â‚¬ ¦.. 11 Quality †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 Supply Chain Performance †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 12 Application and Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦ 13 Systems Thinking †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 13 4 Step Stakeholder Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 13 MACRO Industry Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 14 Dynamic 4 Forces †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 15 Customer Preference †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 15 Competitors ActionsRead MoreAnalgesic and Facilitator Pain Assessment5740 Words   |  23 Pages a. Phase 1: Comprehension b. Phase 2: Comparison c. Phase 3: Analysis d. Phase 4: Evaluation †¢ 2. Qualitative Research Article Critique (Follow the example pp. 455–461 of the text): †¢ a. 1. Problem (problem statement; purpose; research questions; literature review; frame of reference; research tradition) b. 2. Methodology (sampling sample; data collection; protection of human subjects c. 3. Data (management; analysis d. 4. Results (findings; discussion; logic; evaluation summary

Chemistry Abbreviations Starting With the Letter M

Chemistry abbreviations and acronyms are common in all fields of science. This collection offers common abbreviations and acronyms beginning with the letter M used in chemistry and chemical engineering. Abbreviations Starting With M M - concentration (Molarity)m - massM - Megam - meterM - Methylm - milliM - MolarM - MoleculeM3/H - Cubic Meters per HourmA - milliampereMAC - Mobile Analytical ChemicalMADG - Moisture Activated Dry GranulationMAM - Methyl Azoxy MethanolMASER - Microwave Amplification by Stimulated Emission of RadiationMAX - MAXimummbar - millibarMBBA - N-(4-MethoxyBenzylidene)-4-ButylAnilineMC - MethylCelluloseMCA - Multi Channel AnalyzerMCL - Maximum Contaminant LevelMCR - MultiComponent ReactionMCT - Medium Chain TriglycerideMCT - MonoCarboxylate TransporterMd - MendeleviumMDA - MethyleneDiAnilineMDCM - Mechanistically Defined Chemical MixturesMDI - Methylene Diphenyl diIsocyanateMDMA - MethyleneDioxy-MethylAmphetamineMDQ - Minimum Daily Quantityme - mass of an electronME - Materials EngineeringME - MEthyl groupMEE - Minimum Explosive EnergyMEG - MonoEthylene GlycolMEL - MethylEthylLeadMES - MethylEthylSulfateMeV - Million electronVolt or MegaelectronVoltMF - Methyl FormateMF - Micro FiberMFG - Mo lecular Frequency GeneratorMFP - Maximum Freezing PointMFP - Molecular Free PathMFP - MonoFluoroPhosphateMg - Magnesiummg - milligramMGA - Modular Gas AnalyserMH - Metal HalideMH - Methyl HydroxideMHz - MegaHertzMIBK - MethylIsoButylKetoneMIDAS - Molecular Interactions Dynamics And SimulationsMIG - Metal Inert GasMIN - MINimummin - minutesMIT - MethylIsoThiazolinoneMKS - Meter-Kilogram-SecondMKSA - Meter-Kilogram-Second-AmperemL or ml - milliliterML - Mono Layermm - millimeterMM - Molar massmmHg - millimeters of mercuryMn - ManganeseMNT - Molecular NanoTechnologyMO - Molecular OrbitalMo - MolybdenumMOAH - Mineral Oil Aromatic HydrocarbonMOH - Measurement of Hardnessmol - moleMOL - moleculeMP - Melting pointMP - Metal ParticulateMPD - 2-Methyl-2,4-PentaneDiolMPD - m-PhenyleneDiamineMPH - Miles Per HourMPS - Meters Per SecondMr - Relative Molecular massMRT - Mean Radiant TemperatureMS - Mass Spectrometryms - millisecondMSDS - Material Safety Data SheetMSG - MonoSodium GlutamateMt - Me itneriumMTBE - Methyl Tert-butyl EtherMW - MegaWattmW - MilliWattMW - Molecular WeightMWCNT - Multi-Walled Carbon NanoTubeMWCO - Molecular Weight CutOffMWM - Molecular Weight Marker

The Family Of A Family - 1373 Words

A father and a mother provide an atmosphere in which to live, grow, and develop. The family culture is established by the parents and instilled in the children during their upbringing. A healthy family, is a family that follows a set of strong morals, stays loyal to one another, cooperates, and works together to avoid household differences. An environment where there is openness amongst family members is ideal because minds that are open are more liable to preventing any anger that their adolescents might express. If these challenges get the best of a family, it has the potential to increase hostility and create remoteness between the adolescents. If a family resolves their disagreements, it can strengthen, enforce the family relationships and have a positive effect on the adolescents. Over the past centuries in the United States, the perfect American family was a father who worked and took care of the finances, a mother who stayed at home taking care of the household responsibilitie s, children, and making sure they went to school. This was the great family structure in the United States. Every family from low, middle, and rich class retained this family lifestyle structure. Any deviation from this family structure was normally looked down upon and detested. However, times and social standards have changed dramatically since then. In the book Making Marriage Work: A History of Marriage and Divorce in the Twentieth-Century United States, the author states, â€Å"A successfulShow MoreRelatedFamily : Family With Family Essay1444 Words   |  6 PagesFamily Interview Family Therapy is a great way to open up and really get concerns and issues out in the open with families. The assignment was to have a non-clinical family interview, it was not like a therapy session, but it gave great insight of have a family session could go, it was a great experience. It allowed me to be the interviewer and ask questions about a family. It was a really interesting assignment. It consisted of selecting a family, asking questions, observing, and forming my thoughtsRead MoreFamily Of Family And Family Essay940 Words   |  4 PagesFamily! Family! Family! Family can be a wonderful thing. It can be healthy or unhealthy. It can be functional or dysfunctional. Family means different things to different people. Some families are loving and close. Some families are mean, hateful, and distant. There are different types of relationships within a family unit. Relationships can be enmeshed, detached, or disengaged; these types of relationships are unhealthy. The fa mily system can be open and homeostatic; these kinds of relationshipRead MoreFamily : Family And Family Essay1967 Words   |  8 PagesFamily Family it has so many different definitions and they are different for each person. The dictionary definition is â€Å"a group consisting of parents and children living together in a household† or â€Å"all the descendants of a common ancestor†. My definition of family can range from blood relatives to friends of the family that have been around for some time that are practically already family. I don’t believe family is people that are just blood but those that have had such a deep/ emotional impactRead MoreThe Family Of A Family972 Words   |  4 PagesThe author interviewed a nuclear family of three. The family consists of the mother, a four-year-old son and grandfather living in the grandfather’s home. The adult family members smoke and drink alcohol, behavior lifestyles that put the family at risk. The grandfather expressed concern that his grandson not having siblings and same age role models could have negative an effect on his childhood. The autho r was encouraged when the family did suggest that if they considered setting up playdates andRead MoreFamily Families : A Parent Family963 Words   |  4 PagesOne parent family as a household with at least one child and a parent by Online Dictionary. Like other growing problems, one parent families are an important raising situation in the United States. Some everyday struggles and disadvantages are experienced by single parents today. Problems such families have to face can range from expensive day care, economic hardship, hurdles in balancing both home and work, and ability to spend limited quality time with children and finical difficulties (AmbertRead MoreThe Family Of A Family1304 Words   |  6 PagesIntroduction A family is a group of two or more people that are related by blood, marriage (registered), adoption, step or fostering, and who usually live together in the same household. This includes newly-weds without children, gay partners, couples with dependants, single mums or dads with children, siblings living together, and many other variations (What is a family, 2013). A family consists of many variables that work together to form a system. The main functions of a family are to ensure thatRead MoreThe Family Of A Family756 Words   |  4 Pages There was a family who came to the school as we were leaving out who wanted to see a counselor to discuss familial issues. We were walking to the car when the attendance keeper ran us down to come back for a parent. The counselors were all busy with some in meetings, covering classes, etc. Our student came in upset that morning. The mother, daughter, and cousin wanted to debrief the school on what happened the night before. The parents are going through finalizing divorce and a custody battleRead MoreThe Family Of A Family1319 Words   |  6 PagesIntroduction A family is a group of two or more people that are related by blood, marriage (registered), adoption, step or fostering, and who usually live together in the same household. This includes newly-weds without children, gay partners, couples with dependants, single mums or dads with children, siblings living together, and many other variations (What is a family, 2013). A family consists of many variables that work together to form a system. The main functions of a family are to ensure thatRead MoreFamily Matters : Family And Family2012 Words   |  9 PagesFamily Matters Family isn’t who shares the same blood. Family isn’t who you’re related to. Family isn’t who birthed you. Family isn’t who you share a house with. Family isn’t in the blood. Family is the people who would shed blood for you, no matter what. My dad, he doesn’t share the same blood as me. He wasn’t there holding my mother’s hand when her emotions were awoken by the sound of her first born, a girl, being swaddled in blankets and handed over to her embrace. He hasn’t lived in the sameRead MoreFamily : A Family Of Affinity, And An Extended Family Essay1586 Words   |  7 PagesWe began this semester talking about what the definition of a family was. We delved into the definitions of each type of family, focusing mainly on a nuclear family, a family of affinity, and an extended family. I recently began watching this TV show called The Fosters. This show is the definition of a family of affinity, it follows two monogamo us lesbian women who aren’t married but have been together for years. One of the women has a son by her ex-husband and the two women together have adopted

Political Lobbying Process in Australian Accounting Standard

Question: What is the Political lobbying process in Australian Accounting Standard? Answer: Introduction This report is designed to conduct an academic research on examining lobbying on accounting standards. In todays dynamic and competitive environment, it has been observed that Accounting has changed, is changing, and is likely to change in the future also. However, there exist certain lobby groups which play a critical role in the change of accounting. This practice has been modelled as lobbying and has accordingly been extensively investigated. In this regard, the report is to provide explanation and review of at least four quality scholarly journal articles that present evidence on this issue in the context of Australian country. Political lobbying process in Australian Accounting standard Lobbying on accounting standards can be defined as the actions of concerned individuals or organizations in influencing the standard-setting body. These actions may take the form of direct appeal to a decision-maker or an indirect attempt to influence the opinions of the public. It may comprises of oral or written efforts or urging, campaign offerings, public-relations promotions, and research supplied to legislative groups, and formal declaration before such committees. Australia has a history of lobbying the Federal Government regarding accounting issues (Knigsgruber, and Palan, 2015). HIH in Australia is the instrumental in making the government attached to the setting of accounting standards in the country. The main purpose of the Australian government to get involved in regulating accounting regulations is to safeguard the public interests. This is because lobbying activities basically emerge from private interests which are more powerful than the combined efforts made to preser ve the public interests. Also, it has been found that lobbyists tend to resist proposed changes by expressing pessimism in their statements, as opposed to explicitly disagreeing. However, constituents of Australia are less likely to block proposed changes as compared to lobbyists in other countries. It has been observed that Australia is one of those countries where a huge number of lobbying companies are found. On the other hand, there are no such companies have been observed in Italy, Spain, and Korea, which lobbied in spite of having large organizations listed on the Foreign 500. However, there exist some factors that resist lobbying and are not related to the consent of the IASB. According to an analysis made by the UK investment management companies, it has been analyzed that the cost of lobbying is the main factor that slows down lobbying by the companies (Adibah Wan Ismail et al., 2013). However, some reports showed that the involvement rate of the companies in lobbying activities was high. Further, the evaluation of the lobbying programs by oil and gas sector also revealed that the decision to lobby was related with the probable effects of accounting methods on the financial interests of the company and its management. Theories of Regulation and the Political Process of Standard Setting Public-Interest Theory: According to this theory, regulation is the result of the regulatory authority acting as a manager for the public. In the absence of regulation, markets would not be able to function properly because of natural monopolies, and severe competition. Capture Theory: This theory suggests that regulation is the product of forces of demand and supply. Although this theory clarifies the emergence of accounting regulation, but at the same time, it is subjected to disagreement among diverse interested lobbyists. Institutional theory: This theory views that attitudes are influenced by the rules, and institutional and social settings Hellmann, A., (2016). It mainly emphasizes on organizations efforts to attain social legality and sustaining reliability. Political influences in the efficiency and effectiveness of Australian accounting regulation According to Corporate Law Economic Reform Program (CLERP), the Australian government and political system appear to be involved in the setting of accounting standards by the Australian Accounting body (Knigsgruber, and Palan, 2015). The body set the accounting standards with the aim to produce high quality reporting system in the organizations. The objectives of the authority also include facilitating Australian enterprises to reduce cost of capital and compete on an identical footing outside the domestic boundaries while keeping the confidence and trust of the confidence of the investors unshaken. Also, accounting standards are expected to win in global competition. However, these efforts fail due to dominance of private interest lobbying and its closeness to political system of the country (Mohammadrezaei et al., 2015). The responses of the CLERP have been also influenced by the lobbying of interest groups, which has resulted in substantial modifications in the CLERP proposals. For instance, the interested parties lobbying seem to favour necessary alterations that Australian accounting standards should adopt International Accounting Standards. Some lobby supported that adoption of IAS would be beneficial not only for the Australian companies but also for the capital market of the country. It is also expected to defend and diversify the businesses overseas. Similarly, ICAA also argued that exercising IASs would result in reducing costs by allocating them to other countries. Another group lobbying named, G100 which consists of the Chief Financial Executives of Australias biggest companies was dissatisfied with the Australian Standard setting process and felt that adoption of International Accounting Standards would lead to effective fiscal intellect in the global field. In addition to this, the changes were supported by AASB and AARF also. According to these, USA or UK model of autonomous body along with sufficient financial assistance, and unified research unit should be followed by the Australian standard setters. On the other hand, all these efforts went useless when CLERP announced that Australian accounting standards are not parallel with the important money market of UK, USA, and Europe and it is the main cause of higher cost of capital for Australian companies (Mohammadrezaei et al., 2015). In order to develop accounting standards successfully in commercial operations to fulfil the requirements of stakeholders and enhance the competitiveness of Australia internationally, the government of the country attempted to introduce some reforms and relevant policy structure in accounting standards. Moreover, the need arises for developing institutional arrangements for setting standard process to ensure that the process functions in a approachable, efficient, and valuable manner so as to facilitate all the relevant users to get involved while maintaining the autonomy of the process. In context of this, CLERP suggested that Australia needs to wound up issuing its own standards and should go for International Accounting Standards designed by International Accounting Standards Committee (IASC). The lobbying group had different views to their statements. ICAA also disagreed with the exercising of IASs as it considered IASs as precipitate. Apart from ICAA, Australian Institute of Company Directors and Australian Bankers Association also did not agree with the proposal. Interest groups lobbying also influenced accounting regulations (Hellmann, 2016). As a consequence, they became able to postpone the date of incorporation of International Accounting Standards in Australia. Since ther e was a great involvement of government in setting accounting standards of Australia, the process was much closer to the political system and influenced the lobbying of interest groups significantly. Conclusion On the basis of above academic research, it can be concluded that the size of lobbying corporations and apparent effects of the regulations on the economic welfare of the organizations are the key factors that determine the lobbying in the field of accounting standards. The evaluation of the arguments indicates that lobbying decisions throughout the organizations are heavily affected by the entity-level as well as the level of the industry and the country. Moreover, the institutes or bodies which lobbied in oppose of the proposals of adopting IFRS had debts agreement as compared to those that lobbied in the support of the proposal. However, the research failed to analyze the difference between non-lobbying attitude and lobbying against. Also, from the stakeholders theory viewpoint, entities are concerned for the strongest and legal stakeholders when carrying out lobbying effort. Thus, it can be said that IASBs standard setting process enables specific interest lobbying to shape the s tandards for the accounting of financial statements and business community to a large extent. In this regard, Australian constituents are more influential in the process, thereby highlighting the nature of standards. References Adibah Wan Ismail, W., Anuar Kamarudin, K., van Zijl, T. and Dunstan, K., (2013) Earnings quality and the adoption of IFRS-based accounting standards: Evidence from an emerging market,Asian Review of Accounting,21(1), pp.53-73. Hellmann, A., (2016) The role of accounting in behavioral finance,Journal of Behavioral and Experimental Finance,9, pp.39-42. Knigsgruber, R. and Palan, S., (2015) Earnings management and participation in accounting standard-setting,Central European Journal of Operations Research,23(1), pp.31-52. Mohammadrezaei, F., Mohd-Saleh, N. and Banimahd, B., (2015) The effects of mandatory IFRS adoption: A review of evidence based on accounting standard setting criteria,International Journal of Disclosure and Governance,12(1), pp.29-77.