England Assignment Example | Topics and Well Written Essays - 750 words

England - Assignment Example Players in the industry had to put forward drastic measures by the engagement of massive discounts so as to support the relatively threatened customer base especially due to the global economic meltdown which had its effects in the UK by the end of 2009.It has been reported that the global shipments of the products have been growing by 4% annually supported majorly by the imports from the US ,Japan and South Africa .The Japanese market has been stabilizing currently making ripple effects in the local market and enabling the increasing stability of the UK market an achievable phenomenon. By January the import of our company stood at 7% and the shipments to foreign branches stood at 3.1 %.The projected sales of champagne in the year 2012 is expected to be 35.5M. Sales is one of the most important components of a business ,however it has to promote responsibility to avoid the long term effects on their brand and to avoid the crumbling of the business. The size of the industry has been growing over the previous years, however it received a major slow down due to the impacts of the global economic recession. Despite the economic troubles facing the globe presently, the sales are stable and relatively high during the festive seasons plus there are new emerging markets within the country offering the champagne business new avenues for major sales. The ports that are used by our company for the importation of our facilities and majorly for our products have to meet the criterion for efficiency and have to be secure .the port has to be versatile ,have diversity of traffic and the charges have to be competitive and realistic for the business venture of our type to avoid extra input into the system. The company has been using the Bristol port for a very long time for its shipping duties since it is meeting the standards put by the management and the stakeholders in the company. Our

pitch perception :: essays research papers

page References Baharloo, S., Johnston, P. A., Service, S. K., Gitshcier, J., Freimer, N. B. (1998). Absolute pitch: An approach for identification of genetic and nongenetic components. American Journal of Human Genetics, 62, 224-231. Retrieved 11/16/2004. Deutsch, D. (1985). Dichotic listening to melodic patterns and its relationship to hemispheric specialization of function. Music Perception, 3, (2), 127-154. Gregersen, P.K. (1998). Instant recognition: The gentics of pitch perception. American Journal of Human Genetics, 62, 221-223. Retrieved 11/16/2004. Heaton, P., Hermelin, B., Pring, L. (1998). Autism and pitch processing: a precursor for savant musical ability? Music Perception, 15, (3), 291-305. Lenhoff, H., M., Perales, O., Hickok, G. (2001). Absolute pitch in Williams syndrome. Music perception, 18, (4), 491-503. Levitin, D., J., Bellugi, U. (1998). Musical abilities in individuals with Williams Syndrome, Music Perception, 15, (4), 357-389. Pechstedt, P., H., Kershner, J., Kinsbourne, M. (1989). Musical Training improves processing of tonality in the left hemisphere. Music Perception, 6, (3), 275-298. Simpson, J., Huron, D. (1994). Absolute pitch as a learned phenomenon: Evidence consistent with the Hick-Hyman law. Music Perception, 12, (2), 267-270. Sloboda, J. A. (1985). An exceptional music memory. Music Perception, 3, (2), 155- 170. Nature or Nurture: The origins of pitch Perception For most of us, quick and accurate perception of the visual world is essential for getting around in life; we take for granted our instant recognition of color, shape, distance, and the physical relationships between objects. Many aspects of the auditory world are also apprehended in an effortless manner: a nighttime whistle is easily identified as a distant train, without any deliberation. However, identifying the pitch of an isolated whistle is beyond the abilities of most people. This is also the case for most musicians, despite the fact that they spend every day working in the context of a standardized system of pitch relationships. Those rare individuals who can instantly recognize the pitch of a random piano tone or passing car horn, without the use of a reference pitch, possess a cognitive ability that is termed "absolute pitch." The range of useful musical pitches is 20-5,000 Hz, which is, roughly the range of a piano keyboard Pitch is a one-dimensional attribute defined by the number of vibrations, per second, emanating from a sound source, such as a plucked string The peripheral auditory organs are designed specifically for frequency analysis. The cochlear basilar membrane vibrates, at each point along its length, with an optimal resonant frequency. The fact that all humans are quick to appreciate the differences in timbre between instruments illustrates the extreme sensitivity of this organ to complex frequency spectra.

Hih Accounting Strategy Essay

I am going to talk about HIH insurance’s Corporate accounting scandals. Background: HIH insurance was formed as a small insurance company in 1968. Its main business was to underwrite workers compensation insurance in Australia. The company expanded its operations into property, commercial and professional liability from the mid 1980s. During this period, it also moved into the UK and the US insurance markets. In the US, the focus was on workers compensation insurance. Public liability and professional indemnity insurance were its main specialisations in the UK. Corporate governance The HIH Royal Commission Report attributed the failure of the company to two key factors. First, claims arising from insured events in previous years were much greater than the company had provided for in its accounts, thus leading to an overstatement of reported profits. This is known as ‘under-reserving’ or ‘under-provisioning’. The second factor concerns the further mismanagement of HIH through poorly conceived and badly executed acquisitions. The insurance risks were not properly identified and managed. There was an environment where unpleasant information was hidden from the Board or filtered or sanitised to reduce discomfort or undue questioning from the Board. And there was a lack of sceptical questioning and analysis by senior management, by the board and, arguably, by the auditors Accounting issues: Provisions for expected future claims Evidence presented before the HIH Royal Commission indicates that the prudential margin approach is common industry practice due to the inherent uncertainties in predicting claims. Yet HIH almost always employed the central estimate and did not apply a prudential margin. The consequence was not only to take an overly optimistic view of claims provisions but to continually overstate reported earnings. Accordingly, if one assumes a lower amount of claims is likely to be made on outstanding policies this will generally make profits look more substantial than otherwise would be the case, given an inverse relationship between profits and provisions for future claims (that is, liabilities). According to Main (2003, p. 107) and Westfield (2003, pp. 38 and 43) the approach to profit determination at FAI and HIH was to chose a targeted profit number and to alter the provisions to effectively arrive at that arbitrary figure. Not only did this approach appear to violate the spirit of the accounting standard but it would eventually result in large losses being reported should actual claims exceed the amounts that were previously provisioned. Earnings management using reinsurance contracts HIH appears to have obscured its optimistic provisioning by entering into so-called financial reinsurance arrangements with other parties. Reinsurance is a process â€Å"whereby a second insurer, in return for a premium, agrees to indemnify a first insurer against a risk insured by the first insurer in favour of an insured† According to AASB1023, for a transaction to be accounted for as insurance or reinsurance, there must be a transfer of risk to the reinsurer. The standard does not describe, either in qualitative or quantitative terms, what degree of risk transfer is required. Without examining the intricate details of the actual transactions entered into by HIH, these contracts, in effect, â€Å"promised that no claim would be made on a specific reinsurance policy† (Main, 2003, p. 115). The overall objective was to use reinsurance to offset any likely increase in claims liabilities on the balance sheet with a corresponding recovery under a reinsurance contract. Accounting for goodwill In acquiring the shares of FAI, HIH gave consideration which, in total, amounted to $300. 5 million. This acquisition was initially recorded in 1999 in the consolidated financial statements of HIH as comprising $25 million of net tangible assets and $275 million of purchased goodwill. Subsequently, another $163 million of FAI-related â€Å"goodwill† was added to this intangible asset account so that by the year 2000 this goodwill account had a balance of $438 million (HIH Royal Commission Report, 2003, Section 7. 1. 4). Justice Owen contended that the goodwill adjustments (and reinsurance transactions referred to earlier) became techniques for concealing under-reserving problems inherent in FAI’s insurance portfolio. Conclusion: In conclusion, HIH insurance has several factors lead the company collapses- 2 corporate governance problem and 3 accounting issues. ‘under-provisioning’ and mismanagement are two factors of corporate governance. Provisions for expected future claims; Earnings management using reinsurance contracts and Accounting for goodwill are 3 factors of accounting governance.

Transplant ( NODAT ) Risk Factors For Overcome...

Abstract New onset diabetes after transplant (NODAT) is an important complication after transplantation that increases risk for poor patient and graft outcomes. Recent studies in children identified older age, extremes of body mass index (BMI), and corticosteroid use at discharge as risk factors for NODAT. However, these studies were conducted in a national sample which underrated certain patient groups like deceased donor transplants and African American recipients. The purpose of this study was to determine the association between acute rejection (a surrogate for increased corticosteroid exposure) and NODAT in a pediatric kidney transplant program. A retrospective chart review was performed on a cohort of 121 consecutive pediatric kidney†¦show more content†¦The main risk factors include age ≠¥50 years old, male gender, family history of diabetes, and high systolic pulmonary artery pressure (PAP) 50mmHg.1,2 A review of data from the United States Renal Data System for primary renal transplant recipients ≠¤21 years old transplanted between 1995 and 2004 found the following risk factors for NODAT: African American children, BMI ≠¥ 30, increased age of child at time of transplant (≠¥13 years old), discharged on tacrolimus, and cytomegalovirus donor positive/recipient negative status.2 Cytomegalovirus (CMV) is herpes virus that is present in over sixty percent of adults that generally only causes non-specific fever and flu-like symptoms in immunocompetent hosts. In immunosuppressed transplant patients however, the virus can develop into a systemic infection involving several organ systems and increase the risk for transplant rejection.3 Other studies in children also identified corticosteroid use at discharge as a risk factors for NODAT.4 There have been no studies exploring the risk factors for NODAT in a population similar to that at Children’s of Alabama, which is distinct due to a large number of deceased donor transplants and African-American recipients with higher immunologic risk. The purpose of this study was to determine the association between acute rejection (a surrogate for increased corticosteroid exposure) and NODAT in this kidney transplant program. Methods Before initiation of this research, a literature