Gambling In The Elizabethan Era - 1009 Words

Gambling was a favourite past time in the Elizabethan era. Anther word for gambling is gaming. Gambling is games that you bet money in the hope of winning more money back. These games ranged from board, card and dice games. Gaming/gambling were sometimes played in theatres such as the ones that Shakespeare’s plays were in. Other popular venues were gambling dens and houses. Although the stereotypical gambler is a poor man spending his wages, Queen Elizabeth I did like to play these sorts of games. In the Merchant of Venice, some examples of gambling include: the merchant, Antonio, loans money from Shylock at the price of not returning the money, a†¦show more content†¦It is an Old English game that is played with two dice. Rule are as followed: Any number of people can play, but only one player — the caster — has the dice at any one time. In each turn, the caster chooses a number between 5 and 9 and this number is called the main. He then throws two dice. If he rolls the main, he wins (throws in or nicks). If he rolls a 2 or a 3, he loses (throws out). If he rolls an 11 or 12, the result depends on the main: with a main of 5 or 9, he throws out with both an 11 and a 12; with a main of 6 or 8, he throws out with an 11 but nicks with a 12; with a main of 7, he nicks with an 11 but throws out with a 12. If he neither nicks nor throws out, the number thrown is called the chance. Then he throws the dice again. if he rolls the chance, he wins. if he rolls the main, he loses (which is unlike on the first throw.) if he rolls neither, it is still his turn, ( and keeps throwing,) until he rolls the chance or the main, with winning with the chance and losing with the main. It is easier to explain on this table; Main Nicks Outs Chance 5 5 2,3,11,12 Anything else 6 6,12 2,3,11 7 7,11 2,3,12 8 8,12 2,3,11 9 9 2,3,11,12 If the caster keeps on winning, the caster keeps on playing, but if he wins three times in a row, he must pass the dice to the player on his left, who becomes the new caster. A lot of the games we play today, have ancestor games that were played in the ElizabethanShow MoreRelatedSports, Games, and Pastimes of the Elizabethan Era1394 Words   |  6 Pagesno attention to, but they have been effectively abandoned and omitted. The Elizabethan hobbies have been thoroughly overshadowed by many modern sports such as baseball, football, soccer, hockey, and an abundant amount of other games. The 16th century English pastimes included many activities that were impeccable examples of both simplicity and amusement intertwined. With all of these amusing yet transparent games, the era was most acknowledged for theater- a prominent art that is still valued todayRead MoreThe Development And Popularity Of The Elizabethan Theatre1289 Words   |  6 Pages The Development and Popularity of the Elizabethan Theatre I. Introduction Hook: What type of entertainment could have been available in the Elizabethan era without actors or tv? A. Elizabethan Era 1. Forms of Entertainment Elizabethan entertainment was very important to the people, as it gave them a chance to take a break form their hard lives. a. â€Å"Court entertainment was regular, often nightly occurrence combined with feasts, jousts, and banquets often occompainies by music and dancingRead MoreThe Elizabethan Era 1663 Words   |  7 Pagesentertainment during the Elizabethan era. Musicians composed new types of music, poets expressed their feeling through poetry, and playwrights wrote plays of different types of genres. Social classes and gender roles also contributed to the entertainment culture. During the Elizabethan era, people were entertained by sources of entertainment, such as plays, music, and poetry. Music was one of the many sources of entertainment during the Elizabethan Era. Elizabethan music was more refined andRead MoreThe Elizabethan Theatre Era1205 Words   |  5 Pagesperiod that A Midsummer Night’s Dream was made public, it is a large possibility that it was not performed in London, and that it was most definitely not performed as a small production in an Inn-yard, or even an indoor playhouse. The Elizabethan Theatre Era Prior to the rule of the Queen Elizabeth I, acting was not seen as a serious profession. Most of the players (unless they were summoned to the King’s court) were working men, who held everyday jobs in addition to being entertainers. AlthoughRead MoreShakespeare - Hamlet Essay examples1402 Words   |  6 Pagesmeet at the end of the play, for a truly tragic yet heroic ending. The next major plot, politics, also plays a major role in the development of the story. The play is based of the royal family of Denmark, and like so many royal families of that era there was controversy. The entire basis of the play begins with the issue of politics, as Claudius murders the King, his brother, to gain the throne, and thus developing the revenge story. The issue of the Norwegian Royal family, including Prince FortinbrasRead MorePoe vs. Shakespeare Essay1556 Words   |  7 Pagesfrontier) and tales of Sensation. (European Graduate School EGS, 1997-2012) Poe later, was also widely recognized as the inventor of modern detective stories and a mastermind in the science fiction genre. His writings were a reflection from the era of the Dark Romantics, the Gothic genre, and the use of his own personal issues. Every short story or poem written by Poe has had a dark ambiance about it. The works of Poe are diverse and includes classics as â€Å"The Fall of the House of Us her†, â€Å"TheRead MoreDeception in Hamlet1546 Words   |  7 Pagesgoblin damned, Bring with thee airs from heaven or blasts from hell (1.4.44). Horatio fears that the ghost might be a deception, a devil sent in a pleasing shape to coax Hamlet into wicked action. Horatios fear is justified, since during the Elizabethan era it was believed that ghosts were either Heavenly or Satanic, and a man of knowledge like Horatio should take such into consideration. Horatio is not the only character who fears deception. Claudius fears that Hamlets antic behavior might be someRead MoreThe Theme of Deception in Hamlet by William Shakespeare Essay1108 Words   |  5 Pagesthee airs from heaven or blasts from hell, (I:4, ll 44-45) Horatio fears that the ghost might be a deception, a devil sent in a pleasing shape to coax Hamlet into wicked action, (I:4, ll 76-85). Horatios fear is justified, since during the Elizabethan era it was believed that ghosts were either Heavenly or Satanic, and a man of knowledge like Horatio should take such into consideration. Horatio is not the only character who fears deception. Claudius fears that Hamlets antic behaviour might beRead MoreWilliam Shakespeare s Macbeth 3191 Words   |  13 Pages1623 but there is no solid date as to when it was first performed. It has been approximated to be between the years 1603 and 1611. During this time period, James I was in reign and the gunpowder plot was a huge turning point in the history of the Elizabethan period. This was a plan that was created to blow up the Houses of Parliament while all the important political powers were in the building. Robert Catesby and Guy Fawkes planned this event so that they could put James’ daughter on the throne and

Media Stereotyping Free Essays

IndividualFinal Project| Write a 1,400- to 1,750-word paper that answers the following questions: * In what ways does the media perpetuate stereotyping and prejudice? Provide examples to support your assertion. * In what ways does the media help foster appreciation for diversity? Provide examples to support your assertion. * How might individuals and the United States work together to reduce prejudice and increase appreciation for diversity? * How might you change your own behaviors to be more inclusive and pluralistic? | Day 7| 10| ————————————————- * In what ways do the media perpetuate stereotyping and prejudice? Provide examples to support your assertion. We will write a custom essay sample on Media Stereotyping or any similar topic only for you Order Now America is a relatively young country born in war and to this day continues to struggle with its identity. What makes this country strong is the ideals of freedom and equality. â€Å"We hold these truths to be self-evident that all men are created†. This is the ideal makes America strong, that no matter where you come from rich or poor that you as an American can achieve the American dream. We have had our struggles, but that is what makes us strong. It is not been an easy journey, we have paid dearly for our freedoms and our way of life. Some people have paid more than others to struggle for the freedoms guaranteed from being an American. Diversity can be traced all the same lines as civil rights movement in America. There is been a fierce battle for independence of different peoples spread across this land. From the deep South and the marches of Martin Luther King Jr. to the Northeast and the persecution of the Puritans. The Southwest has become the new battleground for diversity with the battle against illegal immigration. Some of the information about diversity United States is on display at the Smithsonian Institute in Washington DC. To truly understand the struggles of the civil rights movement and the role of diversity in the southern states throughout the 50s and 60s, you really have to go and see the bus seat of Rosa Parks. You have to see the soda fountain counter and the fire hose used to what a young black man down the street in Birmingham Alabama. I think that the most important point about diversity and one that cannot be silenced as the voices of the people that live this struggle every day, and the forums like this class that bring people from all walks of life from around the globe together to expose the ignorance of racism and prejudice and discrimination. Have you learned something new about your own racial, ethnic, or cultural history? * My history is of Irish decent we came to America for better life. We paid that price in hard work and blood. We came here as indentured servants that we had to work our way to freedom, never once was the American dream promised to us we earned everything. I think that the struggle that we had to go through game us a sense of pride in America. It was the Chinese and the Irish that built the railroads across this country. We dug the coal that fired the furnaces of the steel mills and we came from places like Hell’s kitchen New York City. What this forum has done for me has given me a sense of pride that just not the Irish and the Chinese struggle for the freedom but it seems as if all of the in one way or another had to fight for everything that we have accomplished. Trends in immigration will continue to shape the demographics of the United States. What will the U. S. population look like in the year 2050? Why do you think so? Everybody around the world wants what America has because we have the ideals of freedoms and the dreams of success the great immigration to America will continue. At the present time America has about 20 million immigrants from Mexico and South America. As economies of Third World country continue to deteriorate more and more people will come to America. Everybody wants what America has but because of the agendas of Third World country politicians and the corruption of governments and the war over illegal criminal activities the safe haven of America will still be the priority of people around the world. The demographics of the United States we will continue to move to a change in diversity from a white majority to really know majority at all. The Hispanic population continues to grow in America while the white population continues to decline. The African-American population has already moved from the largest minority to the second largest minority be replaced by the Hispanic minority. If this trend continues by 2050 we can see the Hispanic population become the majority of the largest minority and other people who have not had to fight for civil rights may now find themselves as a beneficiary of those civil rights battles fought by other minorities. What challenges does the United States face due to the diversity of its people? The first issue that comes to mind is language. If the Hispanic population becomes a majority will we see a change in the language that is not only taught but spoken in America. Many merchants and government agencies now speak Spanish as well as English. The challenge of communication is going to be getting everyone on the same sheet of music. I recently been into a store that is predominantly Hispanic and many of the labels are printed in Spanish I have also been a store where the labels are printed in Arabic in order for America to maintain diversity without separation we will have to have a common language that is spoken and written by everyone. Any area of civil rights those court cases that were settled with the idea of a white majority and other minorities may now be referred as a white majority will find itself as a minority. So with that in mind will we see affirmative action for white people? What will be the reaction of the minorities and those court cases are turned around and used against them. What are the benefits of such a diverse society? The benefits of a diverse society is one that a brings equality everyone. With a more diverse society we should not see the need for racial, sexual or disability court cases. More diverse society will be a more understanding society by that I mean that we should not have to force a building or company to put in a wheelchair ramp it will simply be understood that one is needed. The more understanding society will bring about the benefits of less crime less people in prison which will save us all tax dollars and the burdens that are put upon society by hate crimes. The benefits of this society will only continue to get better as the ignorance of discrimination is eliminated from our mindset. How can we foster a climate of acceptance and cultural pluralism in the United States? * The foster a climate of acceptance in United States we will need to revamp our education system. We need to bring more exposure of different races into the schools of our children. We will never defeat the closed minds of the ignorant until we put those prejudices to the test of a person to person encounter. To say that we hate black people when we have never met black people and we’re only going on what we see on TV, we are basing our prejudices on what other people want us to believe. If we are going to defeat discrimination and bring about cultural pluralism we will need to put those thoughts in the minds of our children. Education and first-hand experience is the only way they were going to bring about pluralism in the United States. There are too many rural communities where prejudices still exist today based upon ideals from 50 years ago. In what ways do the media perpetuate stereotyping and prejudice? Provide examples to support your assertion. How to cite Media Stereotyping, Essay examples

Financial Executives and Research Foundation - MyAssignmenthelp.com

Question: Discuss about the Financial Executives and Research Foundation. Answer: Introduction Ausenco is an engineering company that was founded in Brisbane, Australia in the year 1991 by the current CEO and managing director Zimi Meka and Bob Thorpe one of the board members in the company. It was listed in the year 2006 in the Australian stock exchange, ASX. It has multiple subsidiaries which are working also in both South and North America. Ausenco began expanding in 2008 by acquiring other companies to enhance their services in pipeline systems and vector engineering. It also invested in coal handling processing plants (Beechy et al., 2014). However, the company has tested several assets for impairment since their acquisition. As of end of financial year 2015, the company reported revenue of $179.15 million, a gross profit of $ 152.337 million, a negative operating income of $-52.971 million, a net loss of 62.717 million and a negative diluted earning per share of 0.36 Within your firms latest annual report, find Assets meant for impairment in the company Impairment: what is meant by impairment of an asset? The term "impairment" does not indicate anything other than a devaluation, that is to say, that the current value of an asset no longer corresponds to the book value (value of the asset registered in the books), which generates an error in the balance sheet, If the value of an asset rises too much, the benefits and the losses derived could be erroneous. In principle, both assets and liabilities of a balance can deteriorate. There are several assets that have been tested for impairment. This Standard should be applied in accounting for impairments of any asset class, except for the following: (a) Assets that may arise from contracts on construction (b) There is also impairment of deferred assets tax (c) Employee benefits cost assets can be impaired (d) Financial instruments as disclosed in the scope of IAS 32 (e) Property investment measured at fair value (f) Impairment on lists of subsidiaries owned by the company (g) Joint venture How the company conducts its impairment testing Impairment test: what is it and when does it apply? The value of a company's assets is not engraved in stone. Financial crises, natural catastrophes or market fluctuations can cause unforeseen devaluations of their value. As soon as an indication of such loss of value of the assets included in the balance sheet is detected, it is time to carry out an impairment test or asset impairment test (Lewis, 2011). Thanks to this valuation possible errors in the balance are corrected and the real value of the company is judged more adequately. Index Impairment: what is meant by impairment of an asset? What is the utility of an impairment test? How to make a goodwill impairment test: Although there are territorial differences that affect the accounting of companies, IFRS (International Financial Reporting Standards) establish IAS 36 at the supranational level, with IAS 36 as its Spanish equivalent, as the standard that defines asset impairment and its calculation. Only those values that are already regulated by other standards, such as, for example, inventories, financial instruments or real estate investments are excluded from it. The amount in the books of the assets is greater than its value in the stock market Intangible assets with an unlimited useful life or that cannot yet be used and goodwill, on the other hand, must be subjected to this impairment test every year, although the date can be freely chosen. Of course, in the consecutive years the chosen date must be maintained the first time. Has the company recorded any impairment within the financial fear Losses due to deterioration of the value of the patrimonial elements In accounting terms, there will be an impairment loss on an item of PPE or assets when its book value exceeds its amount recoverable, understood as the greater of its fair value less selling costs and its value that is currently in use (Kothari and Barone, 2011). In any loss of impairment, the accounting entry principle applies, which means that any unaccounted loss, in general, cannot be tax deductible in any case. That the period of six months from the expiration of the obligation has elapsed. That the debtor is declared in a competitive situation. That the debtor is prosecuted for a crime of raising property. That the credit has been claimed judicially or on the same has arisen litigation whose resolution depends on its collection. However, even if any of the above circumstances are met, the losses will not be deductible with respect to those listed below, unless they are the subject of an arbitration or judicial proceeding regarding their existence or amount: Those owed or secured by entities under public law. Those secured by credit institutions or reciprocal guarantee societies. Those that are guaranteed by real rights, pact of reservation of ownership and right of retention, except in cases of loss or debasement of the guarantee. Those guaranteed by a credit insurance or surety contract. Those that have been subject to renewal or express extension. Key estimates and assumptions in impairment of assets Define the rule for the calculation and recognition of losses due to deterioration of assets and their reversal. Establish rules for the presentation and disclosure of assets whose value has deteriorated or its deterioration has been reversed. Long-term assets They are those that remain in the long term, necessary for the operation of an entity from which the generation of future economic benefits is expected or that acquired for these purposes its disposition is decided (Harrington, Nunes and Roland, 2010). Operating assets. They are long-lived assets that directly generate cash flows. Signs of deterioration Some of the signs of the possible deterioration of long-lived assets in use are: Significant decrease in the market value of an asset. Significant reduction in the use of installed capacity. Loss of market of products or services provided by the entity. Technological changes. Physical damages. Suspension or cancellation of a franchise, license, etcetera. Subjectivity involved in the impairment testing process? Operating losses or negative cash flows in the period, combined with a loss history or projections that confirm the trend of continuous losses associated with a cash-generating unit. Gross loss in the entity or in one of its significant components. Depreciation and amortization charged to results that, in percentage terms in relation to income, are substantially higher than those of previous years. In addition to the above indications for the purpose of identifying whether a permanent investment, including its goodwill, is subject to the evaluation of potential loss. What is the utility of an impairment test? At the international level, the IFRS or the IFRS (International Financial Reporting Standards) are the norms that regulate the application of the impairment test, which consists of a forced impairment test and with which it is a matter of knowing the real value of the assets assets. With this information, a reliable statement about the current status of the assets can be issued, which is especially significant for investors (Harrington, Nunes and Roland, 2010). According to IAS 36, it is necessary to carry out an impairment test whenever an indication of depreciation is detected in an asset that could come from internal or external evidence (internal and external sources in IAS 36). Internal sources could be, for example: Unfavorable changes in the financial and market environment Increase in market interest rates Interesting and confusing bits in impairment testing Most of the assets of a company, such as machinery, automobiles or computer equipment, are subject to deterioration due to use. For this type of goods, a systematic amortization is established in which the bookkeepers amortize the fixed assets regularly from the moment they start operating until they are sold, lost or scrapped. Apart from this constant depreciation, the accounting also foresees those cases in which the assets, although amortized according to the established plan, may also be affected by unexpected losses of value, or those with an indefinite useful life (which should not be amortize in fixed terms). In both cases, a deterioration test must be carried out (Harrington, Nunes and Roland, 2010). Insights on how companies conduct impairment testing? Deterioration. Existing condition when the future economic benefits, that is, their recovery value, of the "long-term assets" in use or disposition are lower than their "net book value". Recovery value. It is the highest between the "use value" and the "net sale price" a "cash generating unit". Long-term assets in use In the presence of any of the signs of impairment of a long-lived asset in use, entities must determine the possible loss due to deterioration, unless they have evidence that such indications are temporary. For this purpose, the recovery value of the cash generating unit will be determined. Sale price minus termination and sale costs fair value measurement This Standard is applicable to assets that are accounted for at their revalued value (fair value) following other International Accounting Standards, as is the case with the alternative treatment permitted by IAS 16 Property, Plant and Equipment. However, determining whether a previously revalued asset may have deteriorated, due to unexpected causes, depends on the criteria used to determine the fair value: Reasons why the IASB chairman thinks that leases do not reflect the state of the economy The (IASB) issued a new accounting standard on leases called IFRS 16, which will be applicable as of January 1, 2019. This standard applies to all leases, including those of the right to use subleases, with certain exceptions. The chairperson of the IASB said that this new accounting regulation will generate a significant impact on the entities, since now the lessees must reflect in their statements of financial position the effect of the lease contracts that are in force (Hitchner, Hyden and Mard, 2013). The IASB conducted a study in January 2016 in which it concluded, on a sample of 1,022 listed companies worldwide, that the current estimated value of future payments of current leases that are not shown in the statements of financial position ( operating leases) would represent 5.4 percent of the total assets already registered in those companies. The study shows how this percentage varies by sectors, for example, for airlines and retail (retail) is four times this average (about 20 percent). IFRS 16 substantially maintains the accounting requirements of the lessor established by IAS 17 Leases and requires the lessor to classify the lease as operating or financial. You can also read: Evaluate efforts and improve processes Off balance sheet lease liabilities The general objective of IFRS 16 is for entities to provide information that allows financial statements users to evaluate the leases effect on the financial situation, result and lessee cashflow. The Standard extends considerably the current information requirements on leases. In order to respond to the concerns expressed by many companies regarding the cost / benefit of applying IFRS 16 to certain rental agreements, the IASB has included some simplification, allowing accounting for short-term leases and leases of low-value assets directly as an expense, usually on a straight-line basis over the term of the lease (that is, continue with the accounting as current operating leases). With the implementation of the Standard, the lessee must recognize on the lease start date a right to use the asset and a lease liability (Hitchner, Hyden and Mard, 2013). You might also be interested: Entities must address changes in IFRS The cost of the right to use the assets will include the amount of the initial value of the lease liability (as described below), any payment paid to the lessor in advance, the initial direct costs incurred and an estimate of the costs to be incurred for the dismantling or restoration of assets. (iii) Reasons for lack of a level playing field between some airlines companies? The entities must value the lease liabilities at the current value of their lease payments, discounted using the interest rate implicit in the lease, if said interest rate can be easily determined, otherwise use the incremental interest rate of their loans. The lease liabilities must include, in addition to the fixed installments minus any incentive to receive, the variable installments that depend on an index or interest rate, payments to be made for residual value guarantees, the exercise price of the purchase option (when there is certainty to exercise it), and penalty payments for terminating the lease. What would cause this unpopularity according to the chairman? We invite you to evaluate the potential impact of the Standard on your company's financial statements, in addition to the effects on key indicators and metrics of your business, and the impacts that derive from them for contracts, such as covenant clauses in debt contracts, management remuneration contracts, etc., and even in credit risk and interest rates of financing (Hitchner, Hyden and Mard, 2013). Entry into force of the standard. The entry into force of the Standard for the years beginning on or after January 1, 2019, contemplates a certain time horizon ahead because the IASB understands that a broad transition period is necessary, both because of the magnitude of the changes and because of the the application the previous year (January 1, 2018) of the new IFRS 9. The right to use will be subject to systematic amortization during the term of the lease. Likewise, a financial expense will be recognized in the accounts for the interest related to the payment of deferred amounts. In this way, the linear lease expense arising from the current standard will be replaced by a constant amortization expense and decreasing financial expenses, which will alter the final result of the year. Consequently, the accounting implications in the tenant's balance sheet could be significant given the necessary recognition of some liabilities and assets that were out of balance to date. No less important are the effects on the profit and loss accounts, since the profit before taxes will be penalized by the recognition of a higher financial burden during the first years of the contract, and by the change in operating and financial margins. with respect to the current model (Kothari and Barone, 2011). IFRS 16 deals with both the identification of lease agreements and their accounting treatment in the financial statements of lessees and lessors. The new standard will replace current IAS 17 (and associated interpretations). There are very significant changes in the tenant's accounting. Operating leases, currently "off-balance", will enter the balance sheet. The current classification test disappears. The differentiation between financial and operating leases is eliminated. There will be a single lease model in which all rents are recognized in the balance sheet (more active and passive), as if they were financed purchases, with limited exceptions for short-term leases and leases of low-value assets. No substantial changes for the landlord. On the contrary, there are practically no changes in the accounting of the lessors, which will continue with a dual model similar to the current IAS 17. (v) reasons why the new visibility of all leases will lead to better informed investment versus buy Givers will continue to do a classification test to distinguish between financial and operational leases. IFRS 16 substantially maintains the accounting requirements of the lessor of IAS 17 IFRS 16 requires the lessor to classify the lease as operating or financial. A financial lease is a lease in which all the risks and benefits derived from the ownership of the asset are substantially transferred. The Standard includes examples of situations in which a lease is classified as a finance lease. 5. Sale lease back real estate. Sale and Leaseback Transactions The companies that have sold their headquarters but remain as lessees (sale lease back real estate) will see their liabilities increase. This aspect is specifically addressed in IFRS 16 both from the point of view of the seller lessee as the buyer lessor (Kothari and Barone, 2011). Seller tenant Recognizes a right of use, calculated as a percentage of the previous book value of the asset, which represents the right of use that ha s been retained. References Beechy, T., Trivedi, V., MacAuley, K. and Beechy, T. (2014).Advanced financial accounting. Toronto: Pearson. Harrington, J., Nunes, C. and Roland, G. (2010).2010 goodwill impairment study. [Morristown, N.J.]: Financial Executives Research Foundation. Hitchner, J., Hyden, S. and Mard, M. (2013).Valuation for financial reporting. Hoboken, N.J.: Wiley. Kothari, J. and Barone, E. (2011).Advanced financial accounting. Harlow, England: Financial Times Prentice Hall. Lewis, R. (2011).Advanced Financial Accounting. Harlow: Pearson Education Ltd.