Cash Flows in Business Organisations Coursework - 1

Cash Flows in Business Organisations - Coursework Example On the other hand, net cash flow can be defined as the difference between the cash that is brought in and that goes out of a company. First, to understand the underlying factor causing the difference in these two major accounting items, it is imperative to be known that the determination of a company’s net profit for the financial period depends on some criteria as provided by the GAAP (Eisen 2007, pp. 101-110). Unlike net profit, cash flow determination is not affected by any criteria. Second, the difference is brought about by the fact that some expenditure considered as non-cash such as the depreciation costs are deducted from the revenue in order to obtain the net income. On the other hand, these non-cash costs are added back to obtain the net cash flow. Third, the difference may be caused by the rules regulating the recognition of revenues and expenditures, which do not apply to a cash flow statement but to the profit and loss account. Consider a company with a net income of $ 1,117,500. To obtain the company’s cash flow, some costs such as the amortization ($ 101,100) are added back to the net income to obtain the net cash flow. Therefore, $ 1,117,500 + 101,100 + (or less other items) will result in a higher value of net cash flow as compared to the net income (Gilbertson & Lehman 2009, pp. 428). As provide in the international accounting standards 7, the indirect method of cash flow presentation involves beginning with the net income, which is then adjusted to obtain the net cash flow. On the other hand, the direct method specifically shows the cash inflows that make up the operating activities as shown in appendix 1a and 1b (Jury 2012, pp. 228-230). Operating activities: The extracts of operating activities of the two companies are available under appendix 2. In the year 2011 and 2012, the following are the cash flow analysis: Viacom has net earnings of $ 2,173,000 and

The represesentation of disability and illness in Victorian England Essay

The represesentation of disability and illness in Victorian England novels - Essay Example r themselves in all this plentitude and opportunity, those who were somehow stricken with illness or disability were determined to be of somehow lower or disdainful quality. This was largely because people tended to judge others based upon their material acquisitions in these quickly changing times. Wealth was taken to be an accurate measure of the person’s character while illness or disability was seen to be a reflection of a diseased soul. These attitudes in society were explored in books written in the time. As will be discovered in this paper, novels emerged during this time period as society’s most accurate means of reflecting on the social ills of the day and novels such as those written by Charles Dickens or George Elliot repeatedly demonstrated that the ill or disabled Victorian was somehow held to be of lower quality or worth than whole-bodied individuals. During the Victorian period, the process of psychoanalysis had not yet been published, much less widely discussed and applied to social structures. The principle means of reflecting issues common to the contemporary society was through the explorations provided in the fiction produced during the period. Borislav Knezevic says of Dickens and his contemporaries: â€Å"Professional novelists became not only providers of relatively lucrative cultural products, but also voices of great social authority, and representatives of that middle-class wisdom and success. [†¦] The novel became a locus of middle-class symbolic power† (Knezevic, 2003: 4). In the Victorian era, the novel was as much about information as about entertainment, as Salman Rushdie observes in his entry on The Nation: â€Å"The word ‘novel’ derives from the Latin word for new; in French, nouvelles are both stories and news reports. A hundred years ago, people read novels, among other things, for i nformation. From Dickens’s Nicholas Nickleby, British readers got shocking information about poor schools like Dotheboys Hall, and