Italians essays

Italians essays Where did the people come from? Food Famous Person Why did they leave their country? Religion What areas of North America did they settle? Music Why did they settle where they did in North America? Language Most of the Italians who came to North America in the 1800's were from southern Italy. In the 1800's life was hard for Italians in in southern Italy. The country was going through a time of policatal troubles, and crop failures had caused widespread starvation. The Italians wanted to get better jobs and have a better way of life. What areas of North America did they settle? Although most Itailians had been farmers in Italy, when they came to North America they settled in cities such as New York City, the port where most Itailains arrived. Others went to Boston, Chicago, Philadelphia, and to Canada in Montreal and Toronto. Why did they settle where they did in North America? Many of the Italians who stayed in New York worked in construction or railway companies or on docks. Most of the Italians had no job training and little education so they had trouble getting jobs. They would take any of the jobs they could find. In New York three quarters of the laborers in the construction industry were Italians. Many of them built the New York Subway. When North Americans think of Italians food, they usually think of pizza and spagettie. However, Italian cooking is much more varied. Each region of Italy has its own specialities and cooking styles, depending on the local ingrediants that are avaiable. Some of the food and drink that many North Americans enjoy today, such as pizza, and a type of strong coffee, called espresso, were brought by Italians. Italian food was unknown in North America before the arrival of the Italian immagrants. Today, Italian ...

Understanding Earth and its History

Understanding Earth and its History We live in an interesting time that allows us to explore the solar system with robotic probes. From Mercury to Pluto (and beyond), we have eyes on the sky to tell us about those distant places. Our spacecraft also explore Earth from space and show us the incredible diversity of landforms our planet contains. Earth-observing platforms measure our atmosphere, climate, weather, and study the existence and effects of life on all the planets systems. The more scientists learn about Earth, the more they can understand its past and its future.   The name of our planet comes from an Old English and Germanic term eorà °e. In Roman mythology, the Earth goddess was Tellus, which means the fertile soil, while the Greek goddess was Gaia, terra mater, or Mother Earth. Today, we call it Earth and are working to study all its systems and features.   Earths Formation Earth was born  some 4.6 billion years ago as an interstellar cloud of gas and dust coalesced to form the Sun and rest of the solar system. This is the birth process for all stars in the universe. The Sun formed at the center, and the planets were accreted from the rest of the material. Over time, each planet migrated to its present position orbiting the Sun. The moons, rings, comets, and asteroids were also part of solar system formation and evolution. Early Earth, like most of the other worlds, was a molten sphere at first. It cooled and eventually its oceans formed from water contained in the planetesimals that made the infant planet. Its also possible that comets played a role in seeding Earths water supplies.   The first life on Earth arose some 3.8 billion years  ago, most likely in tidal pools or on the seabeds. It consisted of single-celled organisms. Over time, they evolved to become more complex plants and animals. Today the planet hosts millions of species of different life forms and more are being discovered as scientists probe the deep oceans and polar ices. Earth itself has evolved, too. It began as a molten ball of rock and eventually cooled. Over time, its crust formed plates. The continents and oceans ride those plates, and the motion of the plates is what rearranges the larger surface features on the planet. The known contents of Africa, Antarctica, Asia, Europe, North and South America, Central America, and Australia, are not the only ones Earth has had. Earlier continents are hidden underwater, such as Zealandia in the south Pacific.   How Our Perceptions of Earth Changed Early philosophers once put Earth at the center of the universe. Aristarchus of Samos, in the 3rd century B.C.E., figured out how to measure the distances to the Sun and Moon, and determined their sizes. He also concluded that Earth orbited the Sun, an unpopular view until Polish astronomer Nicolaus Copernicus published his work called  On the Revolutions of the Celestial Spheres  in 1543. In that treatise, he suggested a heliocentric theory that Earth was NOT the center of the solar system but instead orbited the Sun. That scientific fact came to dominate astronomy and has since been proven by any number of missions to space. Once the Earth-centered theory had been put to rest, scientists got down to studying our planet and what makes it tick. Earth is composed primarily of iron, oxygen, silicon, magnesium, nickel, sulfur, and titanium. Just over 71% of its surface is covered with water. The atmosphere is 77% nitrogen, 21% oxygen, with traces of argon, carbon dioxide, and water. People once thought Earth was flat, but that idea was put to rest early in our history, as scientists measured the planet, and later on as high-flying aircraft and spacecraft returned images of a round world. We know today that Earth is a slightly flattened sphere measuring 40,075  kilometers around at the equator. It takes 365.26 days to make one trip around the Sun (commonly called a year) and is 150 million kilometers away from the Sun. It orbits in the Suns Goldilocks zone, a region where liquid water can exist on the surface of a rocky world.   Earth has only one natural satellite, the Moon at a distance of 384,400 km, with a radius of 1,738 kilometers and a mass of 7.32 Ãâ€" 1022  kg. Asteroids 3753 Cruithne and 2002 AA29 have complicated orbital relationships with the Earth; theyre not really moons, so astronomers use the word companion to describe their relationship with our planet.   Earths Future Our planet will not last forever. In about five to six billion years,  the Sun will begin to swell up to become a red giant star. As its atmosphere expands, our aging star will engulf the inner planets, leaving behind scorched cinders. The outer planets may become more temperate, and some of their moons could sport liquid water on their surfaces, for a time. This is a popular meme in science fiction, giving rise to stories of how humans will ultimately migrate away from Earth, settling perhaps around Jupiter or even seeking out new planetary homes in other star systems. No matter what humans do to survive, the Sun will become a white dwarf, slowly shrinking and cooling over 10-15 billion years. Earth will be long gone.   Edited and expanded by Carolyn Collins Petersen.

Cultural Diversity and Globalization Case Study - 4

Cultural Diversity and Globalization - Case Study Example Hofstede’s cultural dimensions can be used to explain the cultural differences between the two countries. These differences are very important as they are the main cause why Euro Disneyland failed despite its huge name and publicity. The dimensions of culture are very well known in organizational behavior and sociology. They include power distance, collectivism, uncertainty avoidance and masculinity (Kwintessential, 2010).The first dimension is power distance. It is defined as the extent of belief in the inequality or equality of distribution of power in the society. The countries that have high power distance exhibit acceptance with regards to the inequalities of people. In these countries, people conform to the powerful and follow orders. Countries like China, Mexico and India. In these countries, we can witness disparity in incomes and power. The countries that have low power distance exhibit equality. In these countries, power is equally distributed in the society. The United States of America, Austria and Norway have low power distance. We can see less disparity of incomes and power in these countries.France has a relatively high power distance than the United States of America. This means that people of France accept, to a certain extent, inequality of power. For this reason, Euro Disneyland should have special rights for people in France and ‘rules are for all’ strategy is not appropriate for France. The second dimension is individualism. Countries that have high individualism, people there care about themselves and family only. Low individualistic or collectivist countries have people that care about the extended family and the whole clan. These countries lack personal initiative and people are dependent on family. The United States of America is a highly individualistic country. Personal values of the people are strong. France is relatively less individualistic and people still care about their families. The degree of individualism is less in France than in the United States of America where people have relatively strong family values.

Early Childhood Education Essay Example | Topics and Well Written Essays - 3250 words

Early Childhood Education - Essay Example This report stresses that money is available through local authorities to fund free early education especially for children in great social need. This is the same as the system used in Norway where grants from the state and local authorities are channeled through general-purpose grants scheme. Barnehager are funded by the state in conjunction with the local authorities and the parents. In Canada, funding for early childhood system covers only children in the kindergarten (5 year olds). Unlike other countries like Italy, Spain, Norway, Belgium, England, Scotland and so forth where 4 year olds are provided for. In England, Early years teaching qualifications are nationally recognized thereby providing career advancement. The Qualification and Curriculum Authority as well as the NSTO are charged with the responsibility of training and the responsibilities for training and qualifications for early years. This paper makes a conclusion that the development of the early childhood education in England has come a long way. Great progress has been achieved in terms of creating an affordable form of education and childcare to children and families. Much effort has gone into making these services accessible, and of high quality. Many years of dedication to research in this sector are now bearing fruit in terms of quality output. The state has responded positively and has provided resources and leadership in ensuring that the work started many years ago by men and women of vision benefits entire communities.

Cooking to Become a Chef Essay Example for Free

Cooking to Become a Chef Essay Cooking for me is my way of expressing myself. It gives me a chance as a person to show my friends and family what I’m good at and what I love to do. I haven’t always enjoyed the art of cooking. With cooking, I have learned to prepare different types of meals using different methods, ingredients, a potpourri of equipment and seasonings. Food seasoning is a personal trademark you create and eventually it classifies you to either be prominent as a chef or just a plain Jane Suzy homemaker who cooks for her family only for the fact that we all need to eat. Experimenting is what got me where I am at today. My mother was a diabetic so the meals were prepared with a bland taste, no seasonings, with just a tad bit of pepper, nothing more. When I started cooking I hated it for the simple fact I didn’t know how. I had to follow recipes even for macaroni and cheese. It wasn’t until I met my husband and his family that I started to enjoy cooking because the meals were starting to taste better and I was learning how to make them taste better. He and his family slowly taught me how to cook and when to use seasoning and how much to use. At first, my meals were a work in progress. As the years went on, I have learned to use my eyes and taste buds for measuring cups and spoons. That’s what helps create your own â€Å"cooking signature†. As you learn to cook, you learn to shy away from some or all of the exact measurements in order to create your signature. For some, cooking is just another everyday back breaking chore, a necessity to always haven to follow a recipe, precisely measuring each ingredient, to the point of the great inventor of the microwave ovens. For others it comes natural, a passion they thrive to live on by creating their own â€Å"cooking signature†. Coming to mind are a couple of brilliant and extraordinary chefs that are indulgingly reliable. These two men have countless awards, degrees, own restaurants, shows and cookbooks to show and prove their overwhelming credibility’s. They are Wolfgang puck and Bobby Flay. Neither of the two were born to cook, none of us are. Some talents came naturally while the rest they learned and were taught. Both men attended Le Cordon Bleu and both men are featured on the food network. I may not have earned any degrees or awards such as a Michelin star or chef of the year and did not attend a culinary institute like they have, however, my cooking now exceeds my friends and families expectations. The qualities of an excellent educational resource would have to include tips and the breakdowns of recipes or step by step instructions for them. Pictures or video tutorials are also very helpful to one who’s learning the art of cooking. Tutorials show you step by step from preparing to serving the dish or meal. I have found two out of thousands of resources that have all the educational resources needed as well as countless credibility and qualifications to help you succeed as a prominent chef. These two would be, Le Cordon Bleu, a culinary institute and the Food Network a television show on cable and the food network also has a very useful website, www. foodnetwork. com . The food network website is filled with a massive amount of information that is accurate and full of every resource there is needed for and about cooking. The food network is a unique lifestyle network and Web site that endeavors to be more than just cooking. The network is devoted to exploring new and different ways to tackle food through pop culture, contests, adventure, and travel while also increasing its repertoire of technique-based information. Food Network is strewed to more than 96 million U. S. households and averages more than seven million Web site users monthly. With its headquarters in New York City and branches in Atlanta, Los Angeles, Chicago, Detroit and Knoxville, Food Network can be seen internationally in Canada, Australia, Korea, Thailand, Singapore, the Philippines, Monaco, Andorra, Africa, France, and the French-speaking territories in the Caribbean and Polynesia. Le Cordon Bleu, www. LeCordonBleu. com, is an extremely accredited culinary institute. The school is constantly keeping their courses up to date and actively adapting to current and future needs of culinary services. The schools graduates leave the school with a diploma that is acknowledged around the world. That has been proven by both Flay and Puck. The culinary institute is solely dedicated to the appreciation and mastery of culinary arts to the their students who study there from over 70 countries around the world. This is where I would want to further my culinary learning, to gain more knowledge; they are one of the top culinary institutes. Qualifications of the resources should include Awards, culinary degrees, owning of their own restaurants with worldwide recognition. They should be well respected, well known with credibility too. Trademarks and copyrights also makes these resources important and credible. We want to make sure our resources are also current and up to date. However, cooking has been a part of our lives undoubtedly forever. Resources such as cookbooks are for the most part revised after some time, but not always. So see, there are numerous and countless educational and reliable resources out there for everyone, from beginner to expert. With a little bit of research one could capture the success of becoming an artistic cook. Learning new ideas and tricks, or just wanting to better yourself in your own kitchen, whatever the case may be, No one should ever have to struggle with cooking. With a little bit of patients anyone can learn how to cook.

America Has Been A World Power Essay -- essays research papers

America has been a world power for as long as anyone can remember. But how did it become what it is today? Through decades of racism and greed! Our country is one of the most racist country’s there has ever been! But without it America would be nothing like it is today. Slavery made America and racism made it grow. America has proven itself to be a selfish, greedy, and racist country. The 1840s were years of extraordinary territorial growth for the United States. During a four year period, our American territory was increased by 1.2 million square miles, a gain of more than sixty percent. The expansion of our country was so rapid, that it came to be seen as an inexorable process, prompting many Americans to insist that their nation had a "manifest destiny" to dominate the continent. The expansionist plans was never a clearly defined movement, or one that enjoyed broad support. Some party leaders greatly opposed territorial growth, and even expansionist Democrats argued about how much new land should be acquired, and by what means. Some supporters of Manifest Destiny favored rapid expansion and bold pursuit of American territorial claims, even at the risk of war with other nations. Others believed that the land would voluntarily submit to the benefits of the republic. In an often-used metaphor of the day, these regions would ripen like fruit and fall into the lap of the United States. The champions of Manifest Destiny were at best a motley collection of interest groups, motivated by greed and the continues want for more. There are several reasons why the united states decided to expand. In the early decades of the nineteenth century, many Americans believed that the rapid growth would cause an economical downfall . But such vast distances were quickly being conquered by technological innovations. Although the United States had no shortage of unoccupied lands, expansionists argued that the republic must continue to grow in order to survive. Using the political philosophy of Thomas Jefferson, they viewed a great region of land as the mainstay of a growing republic, and warned against the concentration of political and economic power. Troubled by creeping urbanization a... ...Mexico, whose government, Polk incorrectly believed, was acting in concert with Great Britain to thwart U.S. territorial ambitions. Although Polk insisted that the United States was not waging a war of conquest, critics accused the president of manufacturing a war to seize California and New Mexico. In the months following the war, Polk also considered extending U.S. sovereignty over the Yucatan peninsula and Cuba, two regions which he believed were vulnerable to encroachments from the British. These initiatives received little support in Congress, however, and were abandoned shortly before Polk stepped down from office. In the 1850s, having established itself as a transcontinental empire, the United States ceased to regard British activities in the western hemisphere with alarm. Preoccupied with the increasingly bitter sectional conflict over slavery, many Americans rejected Manifest Destiny. Although southern extremists would sponsor filibuster expeditions into Latin America with the objective of gaining new lands to extend the slave empire, the expansionist movement faded from the national agenda in the years prior to the outbreak of the Civil War.

A Comprehensive Time-Series Analysis Essay

The report is mainly focused on the structural time series model as it is applied as a means of portraying the structural behavior of life insurance demand. The study is focused on the impact of selected variables including the price level, revenue, interest rate, seemingly perpetual joblessness and population on life insurance demand. Problem The importance of life insurance companies has increased significantly over the past several years. However, despite this remarkable rise, there is little that is known about the structural behavior of the demand for the products and services offered by life insurance companies, and what external factors drive this demand. The problem of this study aims to tackle is the behavior of life insurance demand within a period of deregulation and reform that is existing within the industry, also exploring the relationship between demand and a specified set of explanatory variables over this time. Feasibility This project has the prospect of being highly feasible. Although there is very little research with regards to life insurance there are extant research conducted pertaining to life insurance and other kinds of insurance in other regions of the world (e. g. Southeast Asia) that is similar in several aspects to our study. Aside from this, the proponents of this research are leaders in the field of life insurance and as such their study is heavily grounded on years of experience and knowledge in the field. This shows the feasibility of such an endeavor. Audience The primary audience for this market study may be useful in assisting life insurance companies in the various facets that comprise their current corporate strategy for Life insurance. One of the cases that this paper can be applied is for the case of seasonal issues. Secondly, this research and similar research in this area can be of interest to other institutions that are similarly involved in life insurance. For example, it might be useful to generalize the results of the comparison of forecasting models to other categories of financial intermediaries such as banks and monetary agencies providing aid in life insurance issues. Topics to investigate This report intends to examine clearly the following areas pertinent to Life Insurance: †¢ Provide a very innovative perspective to the study of life insurance demand. †¢ Determine the relationship between the cyclical and trend components of demand and the specified set of economic variables affecting life insurance. Determine whether insurance demand is stochastic using an singular variation model o Determine if life insurance demand has a deterministic seasonal component attached to it existing within the first quarter of each year of the sample period and a relative fall during the fourth quarter of the year. †¢ Utilize a seemingly unrelated time series model in order to test for the presence of common factors. †¢ Investigate the forecasting power of the singular variation model when it is opposed to the multivariate model that includes explanatory variables Methods/Procedure In an effort to provide an original perspective towards the study of life insurance demand and overcome inadequacies in previous research, this study employs the structural time series model. As opposed to traditional methods, this methodology is based on representing explicitly the components of a series. While these components cannot be observed directly their usefulness can be found in an economic point of view. This paper is based on a sample of quarterly, seasonally unadjusted insurance data covering the period between the second quarter of 1980 and the fourth quarter of 2003 that results in 90 total observations. The main advantage of using quarterly data, as opposed to annual data, is that it allows us to address possible seasonal fluctuations appropriately. Qualifications/Facilities/Resources The researchers of this study are esteemed experts in the field. Part of the group hails from a college institution under the Department of Economics and Finance. The rest are expert leaders in the field of life insurance and are employed in multinational commercial insurance companies. The group is knowledgeable in the statistical method to be used and have been involved both directly and indirectly in the creation of research pertinent to Life insurance.

Adaptive effectiveness Essay

The business environment is dynamic and changes constantly thus making it complex. As a result, our understanding of the environment and ability to predict its response to management actions becomes limited. In conjunction with the changing social values, a knowledge gap emerges which results in ambiguity regarding the most appropriate way to manage an organization. Despite the ambiguity, managers have to make decisions and implement organizational plans. An adaptive model of management therefore comes into perspective in providing a proper way for managers to proceed sensibly with their decisions and plans in the face of uncertainties (Nyberg, 1999). An adaptive model of management can be valuable to organizations in testing, refining and improving their policies and objectives. Despite the fact that development and implementation of organizational policies and objectives is based on the best available information and expertise, the organization is required to implement numerous new and experimental strategies. See more:  Masters of Satire: John Dryden and Jonathan Swift Essay In such situations, the organization is faced with questions regarding how best to implement the strategies such that they are aligned with its objectives and the best actions for the implementation (Nyberg, 1999). In addressing such questions effectively, an adaptive model offers the most appropriate approach. An adaptive model of management entails â€Å"integration of design, management, and monitoring to systematically test assumptions in order to adapt and learn† (Salafsky, Margoluis & Redford, 2001). A comprehensive research is incorporated into conservation action to ensure the model is effective and produces best results. Moreover, the model seeks to use management intercession as a tool to examine the functioning of the ecosystem through testing of its key hypothesis (Resilience Alliance, 2010). Uncertainties are first identified and methodologies for testing their hypotheses are established. In addition to management being utilized as a tool for changing the system, it is also used as a tool for learning about the system. This paper seeks to explore the Model of Accessing Adaptive Effectiveness in organizations and its role in the realization of organizational success. The appreciative inquiry approach, a technique that supplements the adaptive model, will be examined as a result of its influence on organizational changes. Moreover, in probing the adaptive model, business impact assessment is crucial in evaluating the changes realized and their effects on the organization’s position. This paper will therefore examine the features of this model and its impact on organizational changes.

Patriot Act essays

Patriot Act essays Under the new Patriot Act, the Attorney General can subject an immigrant to mandatory detention only by certifying that an alien is likely to engage in or support a bad act. This detention would be mandatory even for immigrants who have been granted asylum. If these detainees are not allowed an opportunity to contest and challenge their likelihood of engaging in dangerous terrorist activities, they will be stuck in these centers. Another problem is the lack of space and the increasing number of detainees. From the year 1994 to 2001, the average daily detention population has more than tripled, from 5,532 to 19,533. At this rate, there will be more and more detainees. Where is the INS planning to house all these people? What is the INS going to do with the detainees if they do not pose a threat to Americas security? What is the INS going to do with the children who have been detained in these less than desirable conditions? Another problem is that it is an enormous strain on both INS and taxpayers to lock up people who do not pose as danger to our nations security, and it is also a waste of space, and it deprives the INS to make the best use of its limited detention space. INS does not have the capacity in both space and structure to imprison every person who comes through the system. This is not a problem that INS can outgrow or easily resolve. INS is currently dependant on local and state jails to lock up the increasing number of detainees. This has a highly devastating impact on the detainees, including the asylum seekers who are unfortunately locked up with the criminal population in these jails. Additional growth of detainees will only intensify these problems. One possible way to resolve this situation is to place a concept of supervised release as an option to mandatory detention (This concept was earlier proposed by Professor Margaret Taylor ). It is a waste of both time and space to i ...

Summer Word List for Writing Prompts or Worksheets

Summer Word List for Writing Prompts or Worksheets Children can forget a lot over the long summer vacation, which can last up to three months. To keep their skills fresh, help them retain what they have learned, and get them ready for the next school year, give them over-the-summer assignments containing summer-related words. Matching vocabulary to the fun summer vacation activities and topics will heighten student interest. Use this summer word list to create many summer activities such as worksheets, writing prompts, word walls, word searches, journal writing, and mini lists for students to memorize, either as sight words or using flashcards. The words are grouped in sections by alphabetical order to make it easier to find just the vocabulary you are seeking. Air Conditioning to Cooler Summer months tend to be hot, so terms like air conditioning and cooler are sure to be on students minds. But, there are also fun words associated with the season, such as amusement parks, baseball, beach, and berries- which are all prevalent during the summer.   Use these terms to create a  summer word search or crossword puzzle. The linked example printables can give you ideas and help get you started, or use the free worksheets, which contain some of the words on this list as well as other summer-related terms. Air ConditioningAmusement ParkApplesAugustBackpackBallBaseballBeachBerriesBucketCampingCarnivalCooler Daisy to Grasshoppers Kids love plants and insects, so tie these words in to  free science printables, which cover those topics as well as oceanography-related terms. Or use patriotic words, such as Fourth of July and flag, as writing prompts. Instruct students to write a short paragraph or essay (depending on their ages and ability levels) on what they plan to do on the Fourth of July or what the American flag represents and why they think its important. Alternatively, have students maintain a small garden (with their parents help) and keep a daily or weekly journal about their experiences. Who knows? They may even see a grasshopper or two along the way. DaisyDivingFamilyFarmFerris wheelFlagFlowersFourth of JulyFriendsFrisbeeGamesGardenGatheringsGrassGrasshoppers Hat to Shovel Use any or all of the words in this section to create a word wall. Type or print the words in big, bold letters on sheets of construction paper, and hang the words at various locations throughout the class, or create a bulletin board dedicated to these terms. Have each student draw a picture related to an assigned word, or have each of your older students write a paragraph about an assigned word or two. HatHikingHolidayHotHumidIce CreamJoyJulyJuly FourthJuneLightningOceanOutdoorsOutsideParkPicnicPlayingPopsicleRelaxRoseSandalsSandcastleSeaSeashoreSeasonShortsShovel Sidewalk Chalk to Zoo Buy some sidewalk chalk; then have students go outside and draw a picture of one of the assigned words or a scene featuring several words. (Make sure you get the principals permission first.) You can have students do this individually or in groups. Then, take pictures using smartphones, go back inside (or find a nice shady spot), and discuss the scenes or images students have drawn. Send the list of words in this section home with students and ask them to write a short paragraph over the summer using some of the words, based on the activities they participated in during the season. Students are sure to come back in the fall, excited to share their stories, which include their summer words. Sidewalk ChalkSnorkelSportsStarsStrawberriesSummerSunSunburnSundressSunflowerSunglassesSunhatSunnySunscreenSwimSwim TrunksSwimsuitTanThunderThunderstormTravelTripTubeVacationVisitWater ParkWater skiWatermelonWavesZoo

Trusts and Equity Coursework Example | Topics and Well Written Essays - 2000 words

Trusts and Equity - Coursework Example Trustees of Trust have many responsibilities in the exercising of their duties as a trustee. The areas that often posses most difficulties for trustees and is most often misinterpreted, in this area of investment. The Trustee Act 1956 followed an approach of a permitted legal list can be amended from time to time by the new categories if investment. However even though there are no restrictions on the type of investment the trustees can make. There is a general requirement that a trustee exercising any power of investment shall exercise the care, diligence and skill that a prudent person of business the affair of authors. Adam and Beth should consider to take the investment idea that investment advisor have proposed to them. They can invest in stock exchange in order to reduce the risk for losing a lot of money in their investment. The act allows the trustees to invest in any asset as if they were absolutely entitled. The power to invest can be overridden or amended by any investment powers in the trust deed. Typically, these allow trustees to invest in a wide range of investment such as life assurance products, deposits and shares. When selecting investment like investing in shares, the trustees are required to regard the standard vestment criteria that the investment should be suitable and diversified. In order to meet the requirement of the Trustee amendment Act, it is strongly recommended that trustee should work with qualified financial planner who has experience in trustee investment. It should be noted that the investment strategy applied to the trust assets like those shares that Adam and Beth have in that private company can be significantly different than that for an individual. This is because a trust can have different classes of beneficiaries such as income beneficiaries and capital beneficiaries. Modern trusts tend to be fully discretionary trust which will require the trustees to carefully balance all the interest of their beneficiaries.

Policy Choices under IFRS in UK and German Context Essay

Policy Choices under IFRS in UK and German Context - Essay Example The present research has identified that after the mandatory adoption of IFRS by the public listed companies in 2005-06 especially in the Euro zone, the companies develop their financial statements in accordance with the guideline provided by the IFRS. IFRS, however, allows different policy choices for the companies to make. For example, in measuring the inventory, IFRS has provided a policy choice of measuring inventory amount on the basis of either FIFO method or on weighted average method. Similarly, some other choices have also been framed by IFRS to the companies, like they can value their property, plant and equipment either on cost model or revaluation model etc. Nobes studied this area of research and outlined 16 policy choices that are mostly available to the companies. The four choices have been eliminated from this analysis as some of them are industry specific and some of them are commonly used by every company no matter in which industry they operate. The rest of twelve policy choices do have some issues with them as some organizations do not disclose their policies at times. The most common examples are of â€Å"investment property† and â€Å"inventory† such that in relation to investment property, organizations do not disclose whether these investment properties are valued at cost or fair value, and in case of inventories, organizations at times do not disclose whether the inventories are valued at FIFO method or weighted average method. ... ing pro?t (b) no such line 3 (a) equity accounting results included in ‘operating’ (b) immediately after (c) after ?nance 4 (a) balance sheet shows assets = credits (b) showing net assets 5 (a) liquidity decreasing in balance sheet (cash at top) (b) liquidity increasing 6 (a) Statement of Changes in Equity, including dividends and share issues (b) SORIE, not including them 7 (a) direct operating cash ?ows (b) indirect 8 (a) dividends received shown as operating cash ?ow (b) as investing 9 (a) interest paid shown as operating cash ?ow (b) as ?nancing 10 (a) only cost for PPE (b) some fair value 11 (a) investment property at cost (b) at fair value 12 (a) some designation of ?nancial assets at fair value (b) none 13 (a) capitalisation of interest on construction (b) expensing 14 (a) FIFO for inventory cost (b) weighted average 15 (a) actuarial gains and losses to SORIE (b) to income in full (c) corridor 16 (a) proportional consolidation of some joint ventures (b) only equit y method The following table reflects the 6 big corporations of UK which represents their policy choices of IFRS. Policy Changes GSK Astra Zeneca BAE British Airways Rolls Royce SAB Miller Total Percentage 1 (a) income statement by function 1 1 1 1 1 5 83.33% (b) by nature    1 1 16.67%    (c) Neither                   0 0.00% 2 (a) inclusion of a line for EBIT or operating profit 1 1 1 1 1 1 6 100.00%    (b) no such line                   0 0.00% 3 (a) equity accounting results of associates and joint ventures included in ‘operating’    1 1 16.67% (b) immediately after    0 0.00%    (c) after finance 1    1 1 1 1 5 83.33% 4 (a) balance sheet showing assets = credits    1 1 16.67%    (b) showing net assets 1 1 1    1 1 5 83.33% 5 (a) liquidity decreasing (cash at top)    0 0.00%    (b) liquidity