Honesty Is a Best Policy free essay sample

The facts confirm that trustworthiness is the best strategy. Today, we see numerous things around us which are not legitimate. Numerous people are unscrupulous. Deceptive nature may sparkle for quite a while. It might win cash, force and men. Be that as it may, this Is for a brief timeframe. Genuineness Is bold, deceptive nature is a quitter. Trustworthiness will undoubtedly sparkle after the evening of deceptive nature. There is a bad situation for unscrupulous individuals on the earth. They lose the fight at long last. A legitimate individual just can win a spot in the hearts of people.Double-confronted men get impermanent reaction however they are tossed out of people groups hearts. Deceptive nature can't confront the truth. It needs to express hundred misleads shroud one demonstration of contemptibility. Along these lines genuineness Is the best approach. Trustworthiness really Is the best arrangement. Trustworthiness Is the best approach It Is a generally perceived saying of Ben]amen Franklin and it is viewed as probably the most shrewd saying. We will compose a custom article test on Trustworthiness Is a Best Policy or on the other hand any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page It implies that trustworthiness was a significant quality even a few centuries back. Benjamin Franklin composed Poor Richards Almanacs, which comprised of insightful truisms, or colloquialisms. Trustworthiness is the best approach is one of his truisms that is all around perceived and empowered. This expression means the significance of being a good and honest individual Honesty is an Important and honorable trademark that an individual can have. I concur with the announcement genuineness Is the best strategy. Everybody, to prevail in their life, ought to tail It. Despite the fact that we can bring in cash by ill-advised ways, it would not give us great status in the public arena. I accept that genuineness is significant for both individual life and business life.As we experience the historical backdrop of the incredible pioneers, they all prevail in their life for the most part by their way of life. They all followed reality and trustworthiness. Genuineness is significant in numerous parts of our life. In the event that we are straightforward, everybody will trust us. By and large, trustworthiness is the best approach In any circumstance. A few people are entirely solid and they abhor the individuals who lie under any circumstances. Others acknowledge innocent embellishments when circumstance emerges, regardless of whether they as a rule don't care for lying. I unequivocally concur that being straightforward is the most significant thought in a relationship.Honesty is the establishment of any well-working relationship. Regardless of whether it is with guardians, companions, or any one else, genuineness is significant. No relationship can be effective without trust, which is picked up from being straightforward. Numerous individuals get familiar with this the most difficult way possible. Taken in this brutal exercise In a way that truly caused me to comprehend the Importance of trustworthiness. It was over the mid year going in to my sophomore year. I had quite recently gotten my drivers permit and I was driving all over the place, spending time with companions, and exploiting being ceaselessly from my parents.My guardians had arranged an excursion away for the end of the week and explicitly instructed me not to have anybody over to the house. As I informed a couple of my companions concerning the excursion and being without anyone else, we plotted to arrange a gathering. We proceeded with the arrangement; we had a couple of companions over and hung out for a little while. A couple of my nearby packages went through the night too. The following day we went through an hour or two tidying up the house however it despite everything looked very dubious. There were a couple of minor subtleties that I over looked and my folks noticed.I came up with a couple of reasons to conceal the circumstance, however they didnt totally trust me. Reality at last surfaced; I was in a tough situation. As I confessed all on the occasions of that night I could see the trusts reduce from their countenances. Previously, they had incredible trust In me and I had numerous . After activities. The night when the genuineness strategy really engraved itself in me was the point at which they revealed to me that the more terrible part about the trial was me lying and attempting to cover it up. The real party itself is Just a minor issue since everybody commits errors. That night I truly grew up as a person.I despite everything settle on errors and terrible choices as every other person, yet the thing that matters is by conceding them, it makes my inner voice understood and my folks regard me. The results are not as incredible when you are straightforward. Through my encounters with being untrustworthy, I have taken in a lot about being straightforward. Being straightforward just helps terrible circumstances and being untrustworthy just damages them. Through genuineness I have increased more grounded associations with my loved ones and become a superior individual. I have reasoned that to lead a fruitful balanced life, trustworthiness is the best strategy.

Comparing Metafictional Traits with Elements of Realism Essay -- compa

Metafictional Traits  â Metafictional Traits found in Flaubert's Parrot and in John Fowles' The French Lieutenant's Woman, before contrasting these and the components of authenticity in Isaac Singer's The Family Moskat. For a few, Life is rich and smooth ... while Art is a gray business sweet ... For other people, Art is the more genuine thing, full, clamoring and sincerely fulfilling, while Life is more terrible than the least fortunate novel: without account, inhabited by bores and rebels, short on mind ... furthermore, prompting an agonizingly unsurprising denouement.1 In this manner Barnes looks at Life and Art in Flaubert's Parrot; yet these words could simply allude to the alternate points of view of pragmatist and metafictional essayists. Remembering these points of view, this paper will look at the metafictional characteristics found in Flaubert's Parrot and in John Fowles' The French Lieutenant's Woman, before contrasting these and the components of authenticity in Isaac Singer's The Family Moskat. By considering the favorable circumstances and impediments of these novelistic ways of thinking, it will at that point be exhibited that the peruser's own perspectives on Life and Art may decide the worth one relegates to these elective styles. When Braithwaite muses, On the off chance that I were a despot of fiction,2 the way toward making fiction itself turns into the topic of the account. Barnes himself is plainly a despot as in he has power over the substance of his own novel, yet in this occurrence, Braithwaite is alluding to all fiction. This reference to the creation of fiction is a typical nature of metafiction, and it repeats habitually in Flaubert's Parrot. The topic is gotten later when Braithwaite says, Numerous pundits might want to be despots of literature,... ...out, for instance, p. 87. 19 Ibid., all through, for instance, p. 108. 20 Ibid., p. 97. 21 Ibid., p. 261. 22 Ibid., pp. 262-4. 23 Ibid., p. 59. 24 Ibid., p. 98. 25 Barnes, p. 47. 26 Ibid., p. 169. 27 Ibid., pp. 50-2. 28 Ibid., pp. 160-70. 29 Ibid., p. 87. 30 Ibid., p. 108. 31 Fowles, p. 390. 32 Barnes, p. 88. 33 Ibid., p. 68. 34 Ibid., p. 88. 35 Singer, Isaac Bashevis, The Family Moskat, interpreted by Gross, A. H., Penguin, London, 1980, p. 582. 36 Ibid., p. 193. 37 Ibid., p. 606. 38 Ibid., p. 179. 39 Ibid., p. 636. 40 Ibid., pp. 132, 490, 543. 41 See Barnes, p. 46. 42 See Fowles, p. 268. 43 Ibid., p. 98. 44 Barnes, pp. 49-65. 45 For instance, Singer, pp. 239-242 (Letter from Adele to her mom), 444-52 (Hadassah's journal passages). 46 Barnes, p. 88.  Â

Consultant News Tech Writing at Jefferson Lab Richmond Writing

Consultant News Tech Writing at Jefferson Lab Richmond Writing By Julia Siewert, Writing Consultant Editors Note: From time to time we run dispatches from the field by current or former Consultants. Here Julia shows us the utility of what we do even in the most technical of settings. Last summer I worked as a technical writing intern at Jefferson Lab. This job involved working with subject matter experts to edit, create, and format highly technical cryogenic resource and operations manuals. These were operations modeled after JLabs CHL2 (Central Helium Liquefier), and were being modified (and, in some cases, created from scratch) for use at SLAC for their upcoming LCLS-II project. I learned a LOT more than I thought I would as a writer, and went by the motto if I can understand it, so can the engineer while I was editing. I also got to work a bit with basic graphics and got to make keys for the process and instrumentation designs for LCLS-II. Both of these combined made a comprehensive guide to the machinery and operations of the cryogenics for this awesome project at temperatures around 2-4 Kelvin (which is about -271 to -269 degrees Celsius). This was an awesome experience, and Im proud to say I successfully created around 9-10 complete procedural documents that will be implemented in the commissioning process. I especially enjoyed combining my love for writing with my science background and working with some of the nations brightest in engineering and physics. Image (The two sections of linear accelerator in the Continuous Electron Beam Accelerator Facility at Jefferson Lab) courtesy of Jefferson Lab at Flickr.

Examination of Cultural Diversity in America Essay

Cultural Diversity in America: Examination of African Americans and Asian Americans Many ethnic groups reside and persist in America. Minority groups are misunderstood and undervalued in today’s society. There are many cultures, history, social relations, religious traditions, and linguistic aspects enduring in our country because of our abundant diversity. Two minority groups that are misconstrued are African Americans and Asian Americans. These two groups of people have many differences, but also have a few commonalities. African Americans and Asian Americans influence society in the United States in multiple ways, for example specifically in educational settings. Unfortunately, the dominant group, Caucasians, have difficulties†¦show more content†¦As time elapsed de jure segregation, also known as the Jim Crow system, began in the South that replaced slavery in the South. According to Healey (2012), â€Å"Under segregation, the minority group is physically and socially separated from the dominant group and consigned to an inferior position in virtually every area of social life† (p. 182). Under state and local laws, African Americans were considered inferior to Caucasians. All aspects of life were included in segregation such as schools, restrooms, parks, stores, and any public facility. The civil rights movement began to eliminate laws based on racial segregation. In 1954, the Supreme Court ruled in Brown v. Board of Education of Topeka that separate facilities are unequal; therefore, the laws were unconstitutional, which abolished de jure segregation (Healey, 2012, p. 233). During the civil rights movement there were many influential leaders such as Rosa Parks and Martin Luther King Jr. promoting nonviolent protests. Finally, in 1964 United States Congress passed the Civil Rights Act of 1964, outlawing discrimination based on race, color, religion, national origin, or sex. This act was only the beginning as our nation is sti ll trying to eliminate discrimination completely. These important historical events have influenced past and current African Americans. AsianShow MoreRelatedAnnotated Bibliography On Effects Of Diversity On Business And Communications Essay858 Words   |  4 PagesAnnotated Bibliography: Effects of diversity on business and communications Bilimoria, D. (2007). Handbook on women in business and management. Cheltenham, UK: Edward Elgar. This complete Handbook specifically presents commissioned unique essays on the communal roles and contexts women face in management and business, women’s role as leaders in management and business, procedures of the organization influencing women, work-life issues and particular career women’s issues in the fields. These essaysRead MoreFostering English Mastery within a Linguistically Diverse Cultural Landscape1425 Words   |  6 PagesLinguistic diversity has become a divisive issue in the American political landscape. As Wolfram points out, the politics of linguistics necessitates a knowledgeable response rooted in research and pedagogical practice. When addressing the needs of a linguistically diverse population, it becomes crucial to examine the ways that education is failing to help students acquire language mastery and also failing to train teachers properly in English language instruction. A prevailing research questionRead MoreYolo1583 Words   |  7 PagesFur thermore, students will have the opportunity to learn and appreciate the cultural heritage that is articulated from each literary text. II. Course Objectives: At the end of the semester, the students should be able to : 1. read and understand representative literary texts from various continents in the world. 2. analyze literary texts using the various approaches in literature. 3. employ critical thinking skills. 4. appreciate the cultural heritage exhibited in each literary piece. 5. acknowledge the literaryRead MoreCultural Diversity By Thomas Sowell Summary877 Words   |  4 Pages Throughout the entirety of Cultural Diversity: A World View, Thomas Sowell clearly establishes the distinction between the modern interpretation of diversity and that which he accepts as truth. Sowell uses this separation from the accepted definition of diversity as a foundation upon which he builds his argument. In disentangling both himself and his statements from the convoluted explanatio ns of diversity, he is able to view this concept through a historical and global lens whichRead MoreOur Physical And Ecological Environment That Shapes Our Society And Culture1184 Words   |  5 Pages longer than recorded of human cultural history. Darwin’s legendary Galapagos finches, with their beaks each adapted to the differing food sources on different islands, are a perfect example of the sort of determinism that some scholars fallaciously wish to apply to the evolution of culture. But for culture, despite of popular cant about â€Å"memetics† that does not evolve biologically. As we discussed in class, The distribution of cultural and biological diversity 2002 reading by Moore, JoslinRead MoreMulticulturalism And By Providing Valuable Tools And Insights For Working With Latino Families1446 Words   |  6 Pagesemploying effective clinical strategies for addressing issues that frequently confront Latino families, such as different migration histories, experiences of racial discrimination, acculturation conflicts, and other cultural dilemmas and challenges can result from adapting to a new cultural setting (Sue Sue, 2012).The United States is rapidly becoming culturally diverse with the Latino population recently becoming the largest ethnic group in this country; therefore, the need for competent multiculturalRead MoreEng 157 Multicultural Analysis Paper1452 Words   |  6 Pageswell as the differences. Cultures are as eclectic as we are as individuals, each with their own quirks, intricacies, and uniqueness that inspires individuality regarding how the vast differences between cultures correlate to our own. Upon deeper examination of multicultural literature, however; we are also given the privilege to walk the path of the individual from whose perspective we are privy to through the written word. As many have wished at one point or another to know and understand what aRead MoreHuman Behavior And Social Systems Development : Case Management, Direct Practice And Advocacy For Policy Development1610 Words   |  7 Pagestheir basic needs for food, shelter, safety and security, recreation, education, and health care. Children’s program policies are important because children cannot speak for themselves at the voting booth. Historical Context In many quarters of America during the 1800s and 1900s, children, like some children of today, were at risk for various forms of maltreatment and isolation, exemplified by neglect and abuse in the home. During those periods, however, there were fewer laws that protected childrenRead MoreHarlem Renaissance Essay1048 Words   |  5 Pagesestablish the city as an African American cultural center. This period, which lasted from the 1910s to the mid 1930s, is considered a golden age for African American music, art, literature, and performance. As a resurgence of African American art and urbanization began to form, new artistic and social expression began to simultaneously develop in other urban areas as well. The Harlem Renaissance soon became the epitome of a culture that already existed in America, but that never fully developed into itsRead MoreBenefits Of Foreign Language Fluency963 Words   |  4 Pagesteaching the necessary skill during early childhood. Numerous research studies and academic scholars have touted the benefits and necessity of learning a foreign language, specifically in the areas of mental and cognitive health, education, and cultural diversity. The following sections will explore the benefits of foreign language fluency. Cognitive Benefits One of the many advantages of language acquisition is enhanced cognitive functioning, especially for children. Foster Reeves (1989) study measured

Fate and Ignorance in Oedipus Rex Essay - 2564 Words

Oedipus Rex is a story that can be interpreted on many different levels of thinking. The ancient tale has existed for centuries and has been subjected to countless forms of analysis. What is it that makes Oedipus the King such a fascinating story? Is it the suspense of a developing mystery that captivates the audience? Or perhaps the wonderful feeling the readers get after vicariously experiencing the horror Oedipus feels? And if not that, could it be that the reader is intrigued at Sophocles description of one mans disbelief in the gods? Whichever way one looks at it, Oedipus Tyrannus was, and remains, one of the most highly admired plays of all time (Wood, et al, 163). One way of interpreting this story is by looking at†¦show more content†¦A possible reason for his ignorance, and a fascinating twist, could be that Oedipus had originally believed that he was the murderer of Laius, and knew at the time of the story, that he had married his own mother (Daniels and Scully, 26). All the public cursing, the whole Now my curse on the murderer (Sophocles, 172) was really a spectacle to throw the suspicion off himself (Daniels and Scully, 26). However, most literary scholars dont believe this, as Oedipus does seem to display a great deal of remorse when he realizes that the prophecies about him are true. If it is all a setup by Oedipus, then he is both extraordinarily intelligent and stupid, by hiding the truth for so long and being self destructive at the same time (Daniels and Scully, 26). Most believe that Oedipus has simply chosen to ignore a real possibility (Daniels and Scully, 21). Howard Clarke said that [Oedipus] reaches a point where he is, literally, the captive of what he is searching for. (Clarke, 593). He reached a point in his search where he is carried along on the tide of his of his own discoveries (Clarke, 593). A part from these interesting interpretations, Oedipus Rex can be read from cover to cover as a normal detective story with all the basic elements; suspects, crime, clues and an investigator. The whole plot rotates around one significant event, which was the killing of Laius. So now we have the crime stated, weShow MoreRelatedTragic Flaws Of Oedipus Rex950 Words   |  4 Pages Tragic Flaws of Oedipus Rex The ancient Greek’s culture was greatly influence by their belief in in many gods. They believed that the gods would guide them and that everyone was destined to live out their fates. In the case of Oedipus Rex Fate drove him into a downfall. Oedipus Rex is a part of the great Sophoclean play, written by Sophocles. Sophocles’ write this story to portray a tragic hero, using character flaws to explain his downfall. 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Sophocles wrote this story to exemplify a tragic hero, he uses specific character flaws to explain the downfall of his hero. Oedipus is a perfect tragic hero because his early life forces the audience to admire as a privilege young man and also pityRead MoreOedipus Rex By Oedipus The King1206 Words   |  5 PagesOedipus’ evolution throughout the Theban plays is one with fascinating twists and turns. Oedipus’ characterisation evolves and changes as he experiences the fall from being the great ruler of Thebes into a b lind beggar who is tortured by what he did. As the stories progress, so does their protagonist to the point where the Oedipus of the second play is a completely different man. 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Sophocles’ write this story to portray a tragic hero, using character flaws to explain his downfall. Oedipus is a perfect tragic hero because his whirlwind of a life force the audience to admire him in the beginning of the story as a privilege young man and also pity him a he falls into a crushing downfall. Sophocles intentionally gave Oedipus certainRead MoreAnalysis Of Oedipus Rex Bliss 944 Words   |  4 PagesMr. Myles May 3, 2010 Oedipus Rex - Bliss in Ignorance One of the most memorable and meaningful Socratic quotes applies well when in context of Sophocles Theban Trilogy. The unexamined life is not worth living, proclaims Socrates. He could have meant many things by this statement, and in relation to the play, the meaning is found to be even more complex. Indeed, the situation of Oedipus, king of Thebes, the truth of this statement is in question. 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First off early on in Oedipus’ life his first deadly mistake towards succeeding his self-inflicted downfall was the murder of his father the former king. In a blind rage without any motive, he kills Liaus and his men at a rode crossing. Fate may have had led him to that point but it was his own rage that resultedRead MoreDeconstructing Tragedy And The Definition Of The Protagonist’S1173 Words   |  5 PagesDefinition of the Protagonist’s Innocence In Sophocles’ Oedipus Rex, Oedipus meets the Aristotelian definition of a tragic hero as divine fate and tragic flaws lead to his downfall. Oedipus’s tragic flaws like hubris, curiosity, and anger, contribute to his unfortunate fate. The components of a perfect tragedy as defined in Aristotle’s Poetics are at the center of Oedipus Rex. The play contains the elements of a perfect tragedy such as â€Å"imitation †¦ purification †¦

Managing Global Trade Operations Free Essays

Introduction This purpose of this document is to discuss the trade between McDaniel’s Commodities UK Ltd and Yamaha Koshimoto (YK) Impex Japan. The document specifies the seller’s conditions for the completion of the export of dried cassava chips to YK Impex Company. The transportation method, payment terms, required documentation and other important inputs, processes and terms needed to accomplish the trade between both parties would be discussed. We will write a custom essay sample on Managing Global Trade Operations or any similar topic only for you Order Now Each of the clauses in the following sections contains discussions on the conditions and requirements for the trade between the two parties. Clause No. 1: Commodity and Country of Origin. The commodity concerned is processed dried cassava chip pellets used for the production of industrial starch, and the country of origin is the UK. According to Barbrow and Judson (1976) and the international system of units, the best way to measure commodities in international trade is through Metric Tonnes (MT). Metric tonne is equivalent of 1000kg. As a result therefore, all weight measurement concerning the trade shall be measured in metric tonnes. Clause No. 2: Product Specification The specifications of the Cassava chips referred to by the seller meets buyer’s requirements: the following are the criteria which specify the seller’s offer. As noted by WTO (2008) one of the challenges of global trade is meeting product specifications given the technicalities, barriers, standard problems and issues of safety, therefore for trade to be successful, seller’s must ensure that they meet adequate standards even where it is not stated in trade agreements. The physical test: (A)- The product is free from smell and other radioactive materials. (B)- The chips are dried, cut into sizes and free from foreign matters. (C)- It is free from any insects or Animals. (D)- It is free from any solvents or chemicals used during extraction and processing. The Product Specification StarchMinimum 75% Moisture:Maximum 11% FibreMaximum Content 3% SandMaximum 2% SkinPeeled and Pelted Crop year2010-2011 SizesIrregular Shipment and Packaging Given that the product would be required in hundreds of metric tonnes and in light of their fragile nature, all shipments are to be arranged in bulk bagging of 100 Kg each. It would be shipped in 40 ft containers provided by the shipping company. To ensure that the shipment and packaging meets the international standards, the seller would ensure that it is accordance with (INCOTERMS 2000). Incoterms according to Morrissey et al (2000) are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international commercial transactions. Clause No.3: Transportation Maersk, which is known as the foremost global shipping company will be used as the shipping commodity to handle the cargo and the shipment will be in ther the following order. The commodity will be shipped via sea from the Felixstowe port of UK to the Port of Hakata in Japan. Further transportation upon clearance at the port shall be arranged from the port by the buyer. SELLER and BUYER shall mutually appoint internationally recognized first class independent surveyor company SGS/CIQ at both the loading port and unloading port to assess and certify the quality and quantity of the cargo according to the provisions herein started. Costs of the inspection will be shared equally by the seller at loading port and by buyer at unloading port, as per surveyors invoice. Clause No. 3: Payment Terms. The payment shall be by irrevocable, transferable, confirmed, documentary letter of credit payable 100% not later than 60 days against presentation of shipping documents. To ensure safety in the payment arrangement it is commonplace as noted by Pierreand Stewart (2010) to comply with incoterms arrangement with regards to payment and as such the following must be ensured. The Buyer shall open a non operative confirmable, irrevocable, transferable; auto revolving Letter of Credit (L/C) within 7 working days after final signing of agreed sales and purchase agreement by both parties. The LC shall be subject to UCP 2007 revision, ICC publication NO. 600 cover 100% of the total contract value in favour of the seller Buyer’s letter of credit shall comply with other terms of uniform customs and practice (UCP 600) issued by (ICC). The buyer’s letter of credit payment value shall be only for the net cassava quantity actually delivered to the discharge port and upon the shipping documents submitted by the seller to the buyer’s bank. The buyer’s bank shall issue the operative Letter of credit only in favour of the seller’s company which signed the final contract with the buyer’s. All official communications between the seller’s bank and the buyer’s bank shall be by: Society for Worldwide Inter-bank Financial Telecommunications (known as S.W.I.F.T.). Before the shipment of any part of the contract seller shall confirm that all forms of payment are satisfactory and conforms to legal standards. In case the BUYER’s letter of credit is delayed and seller is not able to receive payment as a result of the buyer’s bank fault or the buyer or any of its agents. The BUYER will pay a penalty to the SELLER at rate of 0.1% for each day of delay but not more than 2% of unpaid amount. Clause No. 4: Required Shipping Documents All shipping documents shall be original and written in English language only. The INCOTERMS does not permit that carbon copies of documents should be acceptable by the Seller as it might create dispute, therefore all documents must be original. The sellers agrees to provide insurance certificate covering all shipment risks issued by the buyer’s favour through a known global insurance Company in the value of (110%) one hundred ten percent. Analysis certificate of the shipment issued by seller: this would include all the technical specifications of the commodities produced by the party or an official party on the seller’s behalf. Signed commercial invoices issued by the seller in the Buyer’s name with reference to commodity description, contract type buyer’s name (Letter of credit number Issuance date as well as unit, price quantity, value and date. 2/2 of Bills of Lading (B/L) originals and copies) signed and stamped by the vessel’s captain and marked â€Å"clean on board†, indicating the vessel’s name and address of the vessel’s owner, vessel’s master name, loading port and date, contract number, buyer’s (letter of credit) Number and issuance date. Certificate of Commodity Inspection and Quarantine issued by Defra UK Two original and copies of certificate of origin issued and authenticated by the (Department for food, forestry and Agriculture: UK) or its representative. Two original and 2 copies each of the inspection certificates issued at the loading port Confirming product specifications, quality, packing and that the shipment in line with the contracted specs in clause 2. Insurance certificate covering all shipment risks issued in favour of EXW by prime insurance Company in the value of (110%) one hundred ten percent of the (letter of credit value issued in US dollars. Two original and two copies each of certificate of origin issued and authenticated by the UK Defra at the port of origin Two originals and two copies each of official shipping advice issued by the seller’s shipping company showing in-depth details about the shipment such as: vessel’s sailing date, vessel’s name / registration date number / age/ nationality/ flag, name of Loading and Delivery port, name of shipped goods, (SGS) tests report at the loading port, name and address of the buyer’s company, name of the vessel’s captain, invoice date and value, oil country of origin, bill of lading date and number, contract number, net quantity loaded, voyage itinerary and vessel’s estimated time of arrival (ETA) to the delivery port. Beneficiary’s certificate confirming that all original shipping documents were sent to the buyer’s bank by international courier services (as Fedex or any express courier). Any other payment documents stated in the buyer’s letter of credit letter of credit The original shipping documents shall be sent at seller’s account to the buyer and to the buyer’s bank via approved courier services (as DHL or equivalent) as soon as possible to match the vessel’s Final arrival date to the delivery port. The original shipping documents for all shipments shall be presented to the buyer’s bank within the Validity period of the buyer’s operative (letter of credit). The Seller shall notify the Buyer of the expected date of arrival at discharge port within 120 hours after the completion of the loading. The Seller shall require the tankers Master to advise the Buyer and ship Owners Agent at the port of discharge, the ships estimate time of arrival (ETA), its name, tonnage, flag, draughts, loaded quantity in every holed, etc. at least 144 hours before her arrival of the destination port. Clause No. 5: Raising Finance With respect to finance for accomplishing the trade, both parties will be under financial obligations to ensure that the trade is accomplished. This would require that each party must have available finance obtainable. On the Seller’s side, the payment required would be that to pay shippers, insurance, inspectors, local transportation, shipping documents, administration and shipment given that the arranged INCOTERMS is C.I.F. Similarly, the buyer will be under obligation to pay for transportation and the C.I.F cost. For the seller in particular the most feasible and preferable option would be through short term trade finance. According to Humphrey (2009) short term trade finance are always available to exporters when they have sufficient evidence to demonstrate that they can fulfil a particular order and has the capacity. Humphrey points out that although banks usually assess risks of the trade and the fitness of the exporter to fulfil the terms before granting short term fina nce. However, since such terms can be fulfilled by the Seller given the product availability, it is likely that such finance would be accessible from the bank. Usually, short trade finance must be paid within 6 months therefore, since the payment arrange with the buyer would be within 60 days L/C maturity, no problem with regard to raising such finance is anticipated. Failing this however, the UK trade and investment short term finance program would be tapped into for financing the trade while other Angel investors would be explored. For the buyer, the most feasible payment option is to finance the trade by lodging cash in the bank in order to be entitled to a sound and reliable letter of credit. Or otherwise, the buyer can set up a payment plan with its banks by giving proof of through its previous financial records that payment would be returned to the bank upon receiving and selling the product. Clause No. 6: Business Procedure. The buyer signs, seals and sends the final contract to the seller as e-mail attachment. The seller signs, seals the final contract and sends it back to the buyer within (3) three days by fax or email attachment. The paper copy signed and sealed by both parties and sent by DHL or equivalent expedited courier shall be deemed the original contract. Within (3-7) Three to seven banking days from the signing of the final contract, the buyer’s bank shall send SWIFT a pre advice to the seller’s bank confirming the presence of a non-operative letter of credit covering the value of the quantity. The buyer and the seller are fully committed to execute the signed contract upon established terms. Clause No. 7: Delivery Terms. The date of the bill of lading (B/L) shall be considered the date of shipment and shall be within fifty to sixty days. Discharge rate and demurrage charges shall be the buyer’s responsibility. The delivery port is Port of Hakata, Japan. The seller’s shipping agent shall notify the buyer and the buyer’s shipping agent at the delivery Port by e-mail attachment the information about the vessel’s position (7) seven days, (72) seventy two hours and (24) twenty four hours of the vessel’s final berthing. References Barbrow, L.E.; Judson, L.V. (1976). Weights and measures standards of the United States – A brief history Humphrey, J. (2009). Trade financing: Available at: http://voxeu.org/index.php?q=node/3507 Accessed: 3rd of May, 2012 Morrissey, M. Joseph F.; Jack M. Graves, K. (2008). International Sales Law and Arbitration: problems, cases and commentary. Kluwer Law International. p. 23 Pierre D. Stewart, R. (2010). International Logistics: the management of international trade operations (3rd ed.). Cengage Learning. p. 113. The International System of Units (SI) (PDF), 8th Edition, 2006, Section 4.1 How to cite Managing Global Trade Operations, Essay examples

Cash Flow And Liquidity Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Cash Flow And Liquidity In Accounting. Answer: Cash flow and liquidity Cash flow from the operation of the company for the year ended 30th June 2016 was $ 437,691 thousands as compared to the $ 340,448 thousand as on 30th June 2015. However, the closing balance for cash reduced to $ 103,631 as on 30th June 2016 as compared to $ 153,220 as on 30th June 2015. Therefore, the companys liquidity position is reducing that indicated that the companys ability of paying the short-term liabilities is decreasing (Harveynorman.com.au 2017). On contrary, closing cash balance of Woolworths, companys competitor, is $ 956,000 as on 30th June 2016 whereas as on 30th June 2015 it was $ 133,340. Therefore, with respect to liquidity aspect, Woolworths is in better position (Woolworths.com.au 2017). AASB 107 Note 28b that is stated in the page 112 is no more required after the amendment issued during 2016 March with respect to AASB 107 with the added paragraph under 44A to 44E (Carey, Potter and Tanewski 2014) Impairment If there is any indication that due to any event of loss the expected future cash flows will be impacted and the amounted can be reliably estimated, the asset will be impaired. Impairment amount is determined by computing the market value and carrying value of asset (Amiraslani, Iatridis and Pope 2013). When the carrying amount exceeds the market value, the difference is charged as impairment. Impairment of asset for Harvey Norman as on 30th June 2016 is as follows Equity accounted investment - $ 72,35,000 Computer software - $ 18,83,000 Information regarding dividend payment Dividend related information is stated in Note 25 of the financial statement for the year ended on 30th June 2016 Other comprehensive income Other comprehensive incomes are the gains, revenues, losses and expenses that are excluded from the computation of net income and they are included in the comprehensive income statement even before the realization of those expenses, gains, revenues or losses (Babalola and Abiola 2013). As on 30th June 2016 the comprehensive income item for Harvey Norman were Foreign currency transactions Income tax effect on cash flows hedging movement Investment of cash flow hedging Net gain from investment held for sale Share option plan of executives The details of share option plan for executives are as follows Name of the executive No. of vested option Value No. of unvested option Value J. E. Slack-Smith 567,000 $ 159,894 817,000 $ 287,394 D. M. Ackery 567,000 $ 159,894 - - C. Mentis 567,000 $ 159,894 817,000 $ 287,394 Total 17,01,000 $ 479,682 16,34,000 $ 574,788 Reserves Reserves related information are stated in Note 24 and the amount of reserves as on 30th June 2016 was $ 155,814,000. Reserves of the company are mentioned below Acquisition reserve Cash flow hedging reserve Available for sale reserve Asset revaluation reserve Foreign currency transaction reserves Employee equity benefit reserve Remuneration of the auditor The audit fees proportion was 45% as compared to the other fees like legal fees. This is acceptable proportion as the services of audit is not availed throughout the year whereas they legal services are availed for throughout the year. Auditors remuneration includes the following Review of financial report Entitys tax services Other services of the company Financial statement preparation In accordance with Para 71 of AASB 101, any prescribed format like as per function or nature for presentation of financial statement is not mentioned. However, Harvey Norman classifies the expenses by function. Deferred tax liability The temporary differences are identified as the deferred tax liabilities by the company (Laux 2013). The company recognized the following as deferred tax liabilities Research and development $ 17,053,000 Revaluation of investment properties to the fair values - $ 116,814,000 Depreciation on the building reversal for investment properties - $ 70,085,000 Difference among theaccounting carrying amount and tax base of computer software cost - $ 479,000 Land and buildings revaluation to its fair values - $ 30,677,000 Non-allowable depreciation for building for the changes in legislative of New Zealand - $ 17,798,000 Other items - $ 23,61,000 Income tax Current income tax for the year ended on 30th June 2016 is $ 46,92,000 and the tax as per income statement is $ 142,423,000. The difference is there as the changes in equity show the tax along with deferred tax and the income statement shows the paid amount of tax. Standards on accounting AASB that are issued or amended during the year but Harvey Norman has not yet adopted those are mentioned below AASB 15 on revenue from the contracts with the customers AASB 9 on financial instruments AASB 16 on leases Reflection report Analysing the annual report of a company like Harvey Norman will definitely help me to analyse the performance the company from the financial aspect. Analysing the annual report of the company dated 30th June 2016, I found out that the annual report is an essential part to the company for its customers, creditors, shareholders and investors to state its sustainability, liquidity, solvency and profitability position. While going through the report, I found that the company complies with the framework and guidelines of IFRS and AASB. I further found that the auditors of the company are responsible for approving that the financial statements of the company are prepared as per the required standards and they issue their audit report accordingly. The most important fact regarding the annual report that I found is that the disclosure notes plays an important role and states the preparation basis of the financial statements,accounting treatment, concepts used for preparing the statement and revealing the detailed break-up for each item. Thus, I can state that annual reports of the company play crucial role in stating its financial position. References Amiraslani, H., Iatridis, G.E. and Pope, P.F., 2013.Accounting for asset impairment: a test for IFRS compliance across Europe. Centre for Financial Analysis and Reporting Research (CeFARR). Babalola, Y.A. and Abiola, F.R., 2013. Financial ratio analysis of firms: A tool for decision making.International journal of management sciences,1(4), pp.132-137. Carey, P., Potter, B. and Tanewski, G., 2014. AASB Research Report Harveynorman.com.au. 2017. Harvey Norman | Shop Online for Computers, Electrical, Furniture, Bedding, Bathrooms Flooring | Harvey Norman Australia. [online] Available at: https://www.harveynorman.com.au/ [Accessed 23 Oct. 2017]. Laux, R.C., 2013. The association between deferred tax assets and liabilities and future tax payments.TheAccounting Review,88(4), pp.1357-1383. Woolworths.com.au. 2017.Woolworths.com.au. [online] Available at: https://www.woolworths.com.au/ [Accessed 22 Oct. 2017].