The Slavery Of The United States - 943 Words

In such a system, slavery was necessary because it produced a master class that greatly differed from the ruling class of capitalist and industrial society. Slave owners treated their work force with regulated care; assumed life-long responsibility for the sick, old, and dying; and were committed to their community. Capitalists hired classes of manual laborers who were treated as wage slaves; fired their employees if they became ill, sick, or less productive; and accepted no civil or community responsibility. Southerners argued that their right to own property slaves was guaranteed in the Bill of Rights. In short, slavery was a blessing to an inferior race and the cornerstone of democracy because it avoided the bitter class divisions of the north, while also ensuring the freedom and independence of all white men. Lincoln s election fed the perception that Southern interests were losing control of the federal government, and that this government would eventually suppress the institu tion of slavery or outlaw it altogether. Lincoln s victory in 1860 was far from dominant he received 1,887 votes in Virginia and did not appear on the ballot in any other state which eventually joined the Confederacy. Lincoln won other states (such as California, Oregon, Illinois, and Indiana) by somewhat narrow margins. Only in the Upper Midwest and in New England did he have a dominant political position, (Bryan, 2013). Southerners also argued that their right to own property slaves wasShow MoreRelatedSlavery And The United States891 Words   |  4 PagesThe Unites States during the 1850s was a harsh time for African Americans, not only were they treated extremely harsh; but many of them were slaves as well. Slavery was the topic of every discussion during this time period and the United States was literally split on the issue of slavery. A lot of the Southern States wanted to continue slavery because it was a way of life. Many of the southerners depend on slavery to help grow and harvest crops that were on acres and acres of land. Northerns, onRead MoreSlavery And The United States848 Words   |  4 Pagesthe United States. During these years, many different topics were up for dispute and compromises were being negotiated. Unfortunately, it was hard for all of the citizens to come to a complete compromise for the disputes. Some states had similar opinions, while others were in a deadlock. One of the biggest disputes during this time were over slavery. While other disputes only involved a few states, slavery was a dispute that caused unrest between two distinctive regions in the United States: theRead MoreThe Slavery Of The United States1449 Words   |  6 Pages â€Å"Slavery is founded on the selfishness of man’s nature; opposition to it on his love for justice.† This saying by Abraham Lincoln tells us that people are really different when it comes to their beliefs and attitudes. Some are so focused on wealth, which is why they have slaves to work for free, and treated them as properties instead of real human beings. On the other hand, some people were against slavery because it violated the basic human rights like the right to life, liberty, and security.Read MoreThe Slavery Of The United States953 Words   |  4 PagesEvery country has a dark past, whether it’s about conquering land from Native Americans, or mass genocide of a single race. The Unit ed States was no different from the rest of the world, especially when slavery was involved. The South had its reasons on why to establish and justify the slavery system while the North rejected their beliefs. By focusing on the South’s argument, this will help to understand why they fought for their rights to keep slaves and understand how the African Americans wereRead MoreThe Slavery Of The United States1095 Words   |  5 Pagesattempted to cure their complete opposition on the regulation of slavery by using federal power to coerce an end to the feud, yet the movement increased tension between the divided nation. By invoking both legislative and judicial power, politicians used laws which included slave codes and freedom laws as well as court decisions like Dred Scott v Sandford (1875) to convince or force the population into acceptance of stances on slavery. Each party viewed their tactics and ideas to be righteous, andRead MoreSlavery And The United States1305 Words   |  6 PagesSlavery; An Issue Neglected to a Key Principle in the U.S. For 20 years slavery had existed in the United States of America despite its immorality and the objections of many citizens. Strides were made to correct this injustice around the time of the Revolutionary war; colonists started to demand their natural human rights from Britain. In 1766, our founding fathers were the first faced with a decision to abolish slavery; they felt the pressure from facing the purpose of their campaign due to theRead MoreSlavery And The United States1507 Words   |  7 PagesOver the centuries, slavery held a prominent factor in United States history. Slavery shaped and formed what society was in the United States. Slavery’s influence impacted the United States in various ways. The ways that slavery impacted United States history are the United States economy, society and politics. Some historians argue slavery is not an important factor in United States history. However, they are wrong because slavery brought many different political movements and t he Underground RailroadRead MoreThe Slavery Of The United States976 Words   |  4 PagesSlavery has played a very integral part in the development of the United States so far. It has taught people the importance of racial equality and moral discipline, which was lacked back in the time when slavery existed. Moreover, slaves were used mostly by farmers and business owners who wanted to maximize their profits and wanted cheap sources of labor. Slaves were first imported into the United States back in 1502 by a merchant named; Juan de Cà ³rdoba. The South was very interested in bringingRead MoreSlavery And The United States1673 Words   |  7 Pageshowever, when slavery existed, blacks were undermined and denied many freedoms entitled to them under the Constitution. There were many topics argued about, but slavery caused the most dispute within the country. In the 1850’s, the pro-slavery South and the anti-slavery North collided when the case of Dred Scott, a black slave who attempted to gain liberation, was brought to court. The North and South had vastly different views on the subject of slavery, Scott had resided in the free state of IllinoisRead MoreThe Slavery Of The United States1670 Words   |  7 Pageswedge between the nation. As the United States progressed into different industries, slavery benefited only one side of the country – the south. The north began outlawing slavery, deeming it as immoral and unconstitutional while the south needed and depended on slavery to maintain their economy. The opposing sides on the slave system lead to arguments between the North and the South as to decide what new territories would allow slavery, then leading on to outlawing slavery all together. Tensions increased

Importance of Ego Free Essays

The Importance of Ego In the novella Anthem by Any Rand, the last two chapters play an important part in bringing together the text as a whole. The narrator transitions from third to first person narration after his escape from the dismal â€Å"utopian† society. Prometheus, the aforementioned narrator, recounts the history of man and his struggle to overcome oppression by greater forces and authoritarian figures. We will write a custom essay sample on Importance of Ego or any similar topic only for you Order Now The author chooses to repeat symbols and words of individuality and the benefits of singular work. Any Rand uses her novella Anthem to promote the importance of individuality in all aspects of life. In her early life, the author, Any Rand, was exposed to brutal oppression and collectivist thinking. Any Rand, born â€Å"in SST. Petersburg, Russia in 1905† soon before the communist revolution occurred in 1917. Growing up she detested the institution she lived under, so she immigrated to America in 1926. Any Rand was educated in the USSR which gave her an upper hand that other American novelists didn’t have. She had first-hand experience with communism which drove her to oppose It entirely. According to Rand, â€Å"no outside power has the right to demand† anything from an Individual or the work they can produce. In her lifetime, Rand wrote Atlas Shrugged, We the Living, the Fountainhead, and Anthem. Among other less popular works by the end of her writing career. These fictional books advocate Individualism and bravery in a despotic society. Any Rand died in New York City, NY in 1982, leaving behind her a legacy which fueled more complex and innovative thinking in future generations of readers and philosophers. The style of Any Rand’s writing impacted the world of literature from the beginning. She â€Å"[defied] cultural and political trends† and â€Å"established a unique place† among fellow authors. According to Danna, â€Å"[Any Rand’s] mind was utterly first handed† which proved to be very successful. Although at first she was misunderstood and deemed â€Å"immature† in a psychological sense, Any Rand became a reputable author through explanation of her philosophy: Objectivism. According to Stephen Cox, â€Å"Rand could not find a philosophy that reflected her beliefs† so she created a new philosophy entirely. The success of Objectivism was long lived by Any Rand thanks to her persistence and unconditional belief in the individual mind. Her â€Å"[works are] a protest to individual submission† and they â€Å"reject distinction† just as the Objectivism theory does. This is why in her works she focuses â€Å"inside the head† of the narrator rather than the importance of a solid plot. The psychological aspect of her philosophy is seen especially in Anthem where the mind of one man has been destroyed by the foundation which raised him. In Anthem there is no sense of religion, either, which was Any Rand’s purpose In all of her novels. According personally to Any Rand, â€Å"religion Is nothing but a brutal attempt to subjugate the Individual mind† and individual goals each man should achieve. Objectivism Is solely a belief In one’s own self. There Is no delve power or authoritarian force that can sway a person’s decisions or thoughts to work for or against others. Individual power Is higher than corruption and collectivist ideology. Electives ideologists. In Anthem there is no distinct malevolent force, but citizens who have different hardwiring in their minds than Prometheus does. There is no villain, only â€Å"good against good-different† since villains are deemed irrelevant. For objectivism, it is more important to focus on the protagonist and their inner struggles ether than the community and how an antagonist may impair them. One of the most important aspects of Anthem is its connection to the younger audience. Prometheus is a young adult trying to find his place in a society where he does not fit. According to Karen Gould ‘any young adult would benefit from Promethium’s struggle with identity because it is so easily relatable to them. Anthem, being one of â€Å"Rand’s simplest novels†, explains objectivism using â€Å"inner psychological states† which is a both practical and pleasing style of writing for any reader interested in studying Objectivism works. Effortlessly, Anthem brings together both a pleasing plot packed with Objectivism morals and ideas. The novel brings â€Å"the kind of intensity’ a reader would think â€Å"could [change] the course of history’: exactly what Any Rand imagined her work to do. The protagonists â€Å"never give up† their beliefs and â€Å"assert their†¦ Stubborn views† on their world. These morals are synonymous with the ideas of objectivism: to never give up an individual thought, or decision because of outside forces. Anthem promotes â€Å"outstanding moral character† and individuality simply and with intensity, not to bore young readers, but to draw them towards eating more complex objectivism works, such as the Fountainhead. Unlike many novels of the time, Any Rand chose to create an inner struggle for Prometheus to battle throughout the novel. The beginning shows his unwillingness to think other than â€Å"the individual cannot exist apart from the collective† society, regardless of his sinful thoughts. With each chapter a new part of individualism is revealed to Prometheus, but it is up to him to fit the pieces together. The â€Å"evil† that he is doing â€Å"does not bring him a†¦ Punishment† rather a â€Å"psychological reward† for thinking as a singular person. Closing out the book, Prometheus fully understands that â€Å"ego is†¦ A cause of splendor† for man. The last two chapters of the novel represent the anthem of people Just like Prometheus and Gaga. Each paragraph can be read as a hymn or chant of people who believe in the individual mind, the people of Objectivism. Prometheus reflects on the history of man being â€Å"enslaved by the gods† and â€Å"enslaved by other men† and how detrimental this was to the ego of man. In his lifetime, the authority oppressed his society, and completely erased any evidence of first person. The summary of the wow-chapter anthem is that the only freedom left for men is taken away only by other men’ and each person has the ability to create the life they want, no superior being can control the fate of a person. Unlike the aforementioned critics, it can be speculated that Any Rand used religious symbols and illusions to make fun of religion as a whole. Ego is â€Å"[the] god that will grant [men] JOY’ and Prometheus and Gaga are very similar to the biblical Adam and Eve. The use of gods and religious symbols in this book further supports Objectivism ideas. To worship the ‘Ego god’ is to worship oneself. There is no god to worship but the power inside oneself. Many critics believe that because Any Rand was atheist, that the religious symbols in her books happened by mistake, or were In reality and in fiction, Any Rand was a strong believer in the individualist mind and the power of one. Compiling her complex background, the breakthrough philosophy of objectivism, and lack of religious beliefs, each of Rand’s novels proclaim the values and ideas of objectivism starting with the most basic Anthem. Even after her death, Any Rand still makes a very large impact on modern society and advanced philosophy today. How to cite Importance of Ego, Papers

Financial Analysis of Double Ink Printers Limited -myassignmenthelp

Question: Discuss about theFinancial Analysis of Double Ink Printers Limited. Answer: Introduction Every company shall have the sound accounting system clubbed with the internal control system so as to have the effective and efficient working of the company. Accounting system plays crucial in assessing the financial position of the company as on date and the financial performance of the company which the company has gained over the period. Both the financial position and the financial performance are judged by the financial statements of the company. These financial statements are prepared by the accounting system. On these financial statements the auditors of the company gives their opinion and they give their opinion after having the true and fair audit of the books of accounts of the company. These financial statements give the company an image in the market and in case it is not prepared in accordance with the relevant accounting standards then the reputation of the company gets deteriorated not only in the market but also in the eyes of the different stakeholders. Having the need of the proper financial statements, the report has been prepared with defined aims and mainly from the auditors view. The auditors view has been chosen so as to provide the insights of the financial information of the company that the company has presented to their stakeholders. For the purpose of this report the background information and the financial information of the company Double Ink Printers Limited has been made available. The report has been started with the Executive summary detailing the major aims of the report and the outline view of the report. Thereafter the brief introduction has been given detailing the flow of the report as to how different topics of the report have been dealt. At first the analytical procedures that is performed by the auditor in the financial report level has been discussed and that too for the last three consecutive years and thereafter the results of the analytical procedures are analysed as to how the audit plan of the auditor will differ from the normal plan of audit. At the second level, the risk assessment has been conducted and the inherent risk factors that are prevailing has been identified and detailed as to how it can affect the risk of material misstatement in the financial reporting level. At the last in the main body of the report, the factors has been considered which can lead to fraud at the financial reporting level and how it will affect the audit has been detailed. In the last the report has been concluded with the due recommendation. Analytical Procedures To The Financial Report For the report, the company - Double Ink Printers Limited has been made available. The company is in the business of books printing, magazines printing and other articles which is required to be printed and bind. The company prints the books or magazines as and when the demand and order comes. The company follows the due procedures for the documentation and the accounting of the revenue or other incomes during the year. Analytical procedures are the first stage of the audit planning which every auditor performs before starting up of the audit. It applies to all the companies whether small, medium or large and the analytical procedures provides the insights to the auditors as to which areas more focus of the auditors is required and to which areas less focus is required. The analytical procedures are conducted for both the financial as well as non financial information (Anastasia, 2015). In the given case of Double Ink Printers Limited the analytical procedures have been performed basically for the financial information. The International Standard on Auditing has provided as to how the analytical procedures are performed and has been provided through the standard number 315. It defines that the analytical procedures are required to be conducted throughout the process of the audit till the time it does not gets completed and in the given case the preliminary analytical procedures has been performed wh ich is defined as the identification of the relationship between different items like revenue, net profit, gross profit, debt and equity, current assets and current liabilities, etc. Through the preliminary analytical procedures the auditor will be able to find whether there is any risk which can have the material effect in the financial statements leading to material misstatements (ACCA, 2016). The 315 standard has defined three different processes of analytical procedures which includes preliminary, substantive and lastly the final. As per the given relevant financial information of the company for the last three co0nsecutive years ending 2013, 2014 and 2015, the analytical procedures have been performed and the same have been detailed below in the table. ANALYTICAL ANALYSIS - DOUBLE INK PRINTERS LIMITED S. NO. Heads for Analysis YEAR 2013 YEAR 2014 YEAR 2015 1 Net Profit Net Profit 2359190 2291362 2972183 Total Revenue 34212000 37699500 43459500 Net Profit Ratio = 2359190/34212000*100 = 2291632/37699500*100 = 2972183/43459500*100 6.90 6.08 6.84 2 Current Ratio Current Assets 5385938 7509150 9600929 Current Liabilities 3780000 5120250 6397500 Current Ratio 1.42 1.47 1.50 3 Debt to Equity Ratio Total Liabilities 3780000 5120250 13897500 Total Equity 9150000 10783650 12250491 Debt to Equity Ratio 0.41 0.47 1.13 3 Finance Cost 84379 83663 808038 4 Provision for Bad Debts 6.23 46.36 4.52 5 Provision for Obsolete Inventory 106312 125876 0 6 Loss in Foreign Currency 38500 49750 0 7 Loan 0 0 7500000 The above analysis depicts that if the analytical procedures has not been carried out then the auditor would have been facing much difficulty and thereby giving the wrong picture of state of affairs of the company and also the financial performance of the company. In order to have further deep analysis of the analysis, following has been detailed one by one (Capital Markets Advisory Committee Meeting, 2013). The net profit of the company has been at the rate of 6.90 in the year 2013, 6.08 in the year 2014 and again 6.84 in the year of 2015. It depicts that the company has the fluctuating revenue on year on year basis or the company in order to maintain the revenue figure due to the pressure of the stakeholders. Current ratio has been sudden increased from 1.47 to 1.50. As per the background information the company is required to keep the current ratio to the minimum to 1.50 so as to enjoy the financing facility obtained from the BDO finance limited. Therefore, in this case, there may be the chances that the company might have increased the debtors or reduced the creditors so as to maintain the current ratio or also have modified the inventory valuation. Interest has been gradually increased from the year 2013 to the year 2015. Despite of increasing the interest the company has been able to earn the same net profit after tax which the company has been earning before obtaining the loan facility from the BDO Finance. The company has it made provision for doubtful debts with the very less amount detailing that the company has overvalued its debtors so as to have the better current ratio. Also the company has written back the provision for doubtful debts which again shows that the company has manipulated its debtors. The company has not made the provision for obsolete inventory which again shows that the company has manipulated with the inventory so as to have the better current ratio of 1.50 as stipulated by the BDO Finance Limited. For foreign exchange loss the auditor is required to check the transactions and the related liability according to the relevant accounting standard (Cooper, 2015). The above analysis depicts that the planning decision of the auditor will automatically gets affected and is required to consider the same while planning for the audit. Risk Factors and its Impact Following are the two inherent risk factors that have been identified during the risk assessment process: First inherent risk is of the valuation of the inventory. The company has been valuing the inventory at the Average cost basis. As per the board meeting, the company decides to change the inventory valuation on the basis of the First in First Out method. Due to this, the value of inventory which has been coming with lower amount earlier will now come with higher amount and thus, it is the inherent risk factors and may affect the risk of material misstatements at the financial reporting level (Gary, 2017). Second inherent risk is of the acquisition of the Nuclear Publishing Limited along with the patent and the copyright of medical books. As per the news article the same will become redundant after sometime due to the introduction of new theory. Thus, it may adversely affect the financial statements as the assets of the company will get deteriorated suddenly. Risk Factors Leading Fraud and its Impact Following are the two fraud risk factors which have been identified using the background information and the financial information (Weiss, 2014). With the introduction of the new software, the employees of the company are under the great pressure to get the new software implemented and made available to the company. Due to this pressure there are high chances of having the mistakes and frauds being committed at the end of the employees only. Second major risk factor that will lead to the fraud is the covenant made by the BDO Finance Limited. The company has obtained 75 millions from the BDO Finance limited with the stipulation that the company is required to maintain the current ratio of 1.50 and in case it falls below than that then the facility given to the company will be withdrawn from the immediate effect and thus the company will be at the liberty to commit the fraud and manipulate the financial statements so as to avail the facility from the BDO Finance Limited at the best possible extent. Conclusion and Recommendation The company has been in the business of printing since its inception and has been growing since its incorporation. The financial information and the background information has been analysed by the auditors by performing the analytical procedures and with the identification of the inherent risk factors and the fraud risk factors and the same have been detailed. In order to end the report the company has the sound internal control system subject to the audit observations that has been noted separately at each stage. It is recommended for the company to avoid such manipulative and fraud practices. References: ACCA, (2016), Analytical Procedures, available on https://www.accaglobal.com/vn/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/analytical-procedures.html accessed on 15-08-2017. Anastasia, (2015), Financial Statement Analysis : An Introduction available on https://www.cleverism.com/financial-statement-analysis-introduction/ accessed on 16-08-2017. Capital Markets Advisory Committee Meeting, (2013), Conceptual Framework available on https://www.ifrs.org/Meetings/MeetingDocs/Other%20Meeting/2013/March/AP%203%20conceptual%20framework.pdf accessed on 16-08-2017. Cooper S, (2015), A Tale of Prudence, available on https://www.ifrs.org/Investor-resources/Investor-perspectives-2/Documents/Prudence_Investor-Perspective_Conceptual-FW.PDF accessed on 16-08-2017. Gary S., (2017), The Importance of Inherent Risk Factors: Auditors Perceptions, Australian Accounting Review, Vol 3, Pp 38-44. Weiss D, (2014), Faithful Representation available on https://bschool.huji.ac.il/.upload/Seminars/Faithful%20Representation%20October%202014.pdf accessed on 16-08-2017..