Case Study of Lehman Brothers-Free-Samples-Myassignmenthelp.com

Question: Explain the basic Principles of Financial Accounting and Management Accounting as they apply to a Business Organization of their Choice. Answer: Introduction During 1844, the German immigrant Henry Lehman started his business journey with the grocery shop in small city of United States. Eventually, the company expanded the capital market through commercial paper trading that led their position as the official dealer of the US treasury (Mensah, 2015). However, the happy days of the company started ending with the 2007 financial year closing. Analysis of financial statement The given case study of Lehman Brothers Holdings Inc. represented their quarterly income statement and the quarterly balance sheet for the financial year 2007-08. The income statement revealed the quarterly financial data for the months of August 2007, November 2007, February 2008, May 2008 and August 2008. Further, the balance sheet revealed the quarterly financial data for the months of August 2007, November 2007, February 2008 and May 2008 (Fleming Sarkar, 2014). It can be identified from the financial statement of the company that the total revenue of the company are in decreasing trend and fell to 2.40 in August 2008 from 14.74 in August 2007. Further, the the company was not able to generate any positive income and their loss after tax for August 2007 was 3.93 whereas the income after tax for that of August 2007 was 0.89. The earnings per share of the company was also in negative for August 2008 and that was 5.93 per share whereas, the EPS for August 2007 was 1.53. The total assets of the company were moving around 5.40 to 5.90 during the period and did not have any considerable change. On the other hand, the liabilities of the company were highest during February 2008 and amounted to 761.21 and it was lowest during May 2008 that amounted to 613.15 (Ahnert Kakhbod, 2017). Therefore, it can be said that the liquidity position of the company were improved. Identification of key ratios and ratio analysis Ratio calculation Ratio Formula Result Aug-07 Nov-07 Feb-08 May-08 Liquidity Ratio Current ratio Current asset /Current liabilities 0.62 0.64 0.63 0.65 Profitability ratio Return on sales ratio Operating profit / Net sales 0.08 0.09 0.06 -0.70 Return on Assets ratio Net sales / Average total assets 0.02 0.02 0.02 0.01 Solvency ratio Debt to equity ratio Total liabilities / Total equity 29.34 29.73 30.66 23.33 Equity ratio Total equity / Total assets 0.03 0.03 0.03 0.04 Analysis of ratio Liquidity ratio The liquidity ratio is calculated for measuring the ability of the company to pay back its current obligations. Further, the current ratio is used for taking rough measurement of financial health of the company. The current ratio of the company is moving around 0.60 to 0.65. Current ratio less than 1 indicates that the company is not in a good position to pay off their short-term, obligations with the available short-term assets. Profitability ratio the profitability ratio of any organization calculates its ability to convert its sales into income. Looking at the profitability ratio of the company, it is identified that return on sales of the company was moving around 6% to 9% till February 2008. However, during next quarter that is May 2008, the company was not even able to generate positive return on sales and the result was loss of 70% which was significantly high. The reason behind this was that the revenue for that quarter fell by more than 50% as compared to February 2008 quarter, whereas the expenses did not fall by this high percentage. Looking at the return on assets ratio of the company, it is identified that the return for the quarter May 2008 was 1%. However, it was consistent at 2% for the last three quarter. The reason for the fall in the return was fall in sales by more than 50% as compared to February 2008 quarter. The profitability ratio of the company is very low and they shall try to conve rt their sales into profit. Solvency ratio the solvency ratios states the ability of the company for making the payments and pay off the long-term liabilities to the shareholders, creditors, banks and financial institutions. Better position of solvency ratio states that the financial status and creditworthiness of the company is sound over the long-term. With regard to the debt to equity ratio, it is considered that lower the ratio better the stability of the company (Stein, 2013). Looking at the above table, it is recognized that the debt to equity ratio of the company is ranging from 20 to 30% that indicates that the company is financially stable. On the other hand, the equity ratio implies the amount of the assets financed through the investment from the owners through the comparison of total equity to the total assets of the company. The ratio states that higher the ratio, better the position of the company. However, the equity ratio of the company is considerably low and amounts to only 3 to 4%. Therefore , it is identified that the equity position of the company is significantly unfavourable. Arguments with regard to the success of the company One of the major reasons behind the failure of Lehman Brothers was the financial crisis. As per the arguments of Andrew Ross Sorkin, the government could save the company but not tried honestly. However, various factors were there that led to the failure of the firm. The reasons are as follows No buyer the very first and major issue was that the lack of buyer. If the other cases like Washinton Mutual, Merrill Lynch, Wachovia or Bear Sterns are considered, it can be recognized that they did not declared bankruptcy as they found buyers. However, Lehman did not found. Further, Bank of America was interested till they found that rather than Lehman they can opt for Merrill Lynch. Disastrous balance sheet as no buyer was there, the 2nd option for Federal Reserve was to overcome the situation through availing the emergency loan. However, the Federal Reserve decided not to lend them as they did not have strong collateral for offering back-up (Kim Song, 2017). As per the arguments, the Fed could have provide the loan, but as per the calculation they were not supposed to provide the loan as it was evidential that the central bank will expose to considerable loss, if they try to revive the institution. No political favour was there for the bailouts - the public was at that point getting to be noticeably impatient with the finance related industry. The possibility that the Treasury or Fed may venture in to salvage a firm like Lehman, and stick citizens with billions of dollars in losses, simply didn't fly politically. With different acquisitions, the losses were figured to be less huge, and an eager acquirer was ready. That way, it didn't appear like the foundation was basically strong, however that regardless it kind of unsuccessful, and was obtained by another bank (Fitzpatrick Thomson, 2016). Failure directly did not affect the average Americans - Obviously, when it came to AIG, no reasons made a difference. It was safeguarded the day after Lehman neglected to the tune of $85 billion. It additionally had no acquirer; its monetary record was likewise a wreck; and its misfortunes could likewise be very huge. However, the alterations to a limited extent, the governmental issues were totally extraordinary (Chen et al., 2013). A disappointment of Lehman would in a roundabout way influence all Americans. Be that as it may, its immediate losses would generally fall on the shoulders of institutional financial specialists and present and previous Lehman speculation investors who held the company's stock. A disappointment of AIG, be that as it may, would straightforwardly influence a colossal number of normal Americans. Impact of political competitive environment The favourable environment of any business is impacted by the circumstances of the economic conditions and financial market of the world. The favourable conditions of the business is characterized by high GDP growth, efficient and transparent capital markets, political conditions, active investors, liquid markets, strong earnings of business and low inflation (Gehrig Haas, 2016). The global environment with regard to the market was favourable for the company as well as for the business during the 2007-08. The favourable condition was the result of various factors like strong market for equity, continuing growth in GDP, tightening of credit spread, active volumes of trade and low interest rate by major central banks. Ethical considerations No one was sure regarding whether the reforms associated with Lehman Brothers were sufficient, whether they went far enough or whether they were dealing with the appropriate issues. Major ethical considerations with regard to Lehman were as follows Mischief during boom times - Standard way of thinking might be that mischief happens when the economy is not doing so great, however in many cases it is the inverse. To keep up a forceful pace of development, officials are regularly enticed to hide the inconveniences. After there is a financial disaster like the recession and organizations begin to fail, misconduct was found that may have occurred during boom. Further, during the boom period when things are going exceptionally well, there is an inclination not to ask regarding the suspicious things (Harris, 2013). Balance sheet tricks - governments and companies frequently utilize balance sheet dishonesty to keep away from full revelation of their finance related issues. That was unquestionably the case with Lehman, which incidentally dispatched resources for London during difficult period to influence advances to seem like income (Ball, 2016). One of the key issues individuals need to consider is if conducts can be actually inside the guidelines and in fact legitimate, it is an exceptionally inconspicuous and nuanced question yet it was an inquiry the researcher should have concentrated on. While implementing the ethical reforms, actual implementation process is as crucial as the original one. To be more specific, the reforms can be designed well, however, it it is not implemented intelligently, it will not be effective and can be unfavourable at the same time (Birkinshaw, 2017). External factors required to be considered Under the present global economy, most of the entities will have to expose themselves to various uncertain pressures from external environment that have considerable impact on the companys human resource aspect. Once successful, Lehman Brothers had a tough time mainly due to sub-prime crisis of mortgage, ongoing issues of contracted liquidity in economy under the banking system and global market of US. This significantly destroyed the operations of the company as the finances were severely impacted (Longworth, 2016). Owing to this, in association with external factors the company had to retrench 6000 of their employees. Further, the HR management of the company required to take into consideration the external factors like technology of the company, strategy, size, strategies of life cycle and structures. It was further recognized that the analysis of HR should have been able to evaluate the HRM policies and strategies to response and adopt the external as well as internal changes wit hin the organization. The company instead of cutting-off their employees could reduce their wages (Dumontaux Pop, 2013). Further, the company required to adopt the HRM strategies with regard to the alterations in external environment that is the job repackaging and temporary plan for the employees lay-off. Conclusion From the above discussion it is concluded that one of the major reasons that led to the significant fall of Lehman Brothers was the subprime crisis during 2007 that eventually led to the collapse of the company during the year 2008. It was recognized that various stakeholders were equally responsible for the crisis and the other responsible factors were excessive leverage, leadership issues, failure of measuring the risks like the value at risk and the poor regulation system of industries related to investment banking. Moreover, the role of some specific derivative instruments was also led to the collapse of the country. Recommendation It is recommended that the company should have managed its operation as per the conceptual framework and proper care should have been taken while dealing with subprime lending along with consideration of value at risk. Further, as the profitability ratio, equity ratio and liquidity ratio of the company were significantly low as compared to the industry standard, Lehman shall take into consideration these facts and try to balance their financial performance through paying off the short-term liabilities and increasing the equity ratio. Reference Ahnert, T., Kakhbod, A. (2017). Information choice and amplification of financial crises.The Review of Financial Studies,30(6), 2130-2178. Ball, L. (2016).The Fed and Lehman Brothers: Introduction and Summary(No. w22410). National Bureau of Economic Research. Birkinshaw, J. (2017). Lehman Brothers General Motors: contrasting models of failure.The Business Management Collection. Chen, R. R., Chidambaran, N. K., Imerman, M. B., Sopranzetti, B. J. (2013). Leverage, Liquidity, and Loss Spirals: Lessons from the Lehman Failure. Dumontaux, N., Pop, A. (2013). Understanding the market reaction to shockwaves: evidence from the failure of Lehman Brothers.Journal of Financial Stability,9(3), 269-286. Fitzpatrick IV, T. J., Thomson, J. B. (2016). Lehman Brothers bankruptcy, what lessons can be drawn?. InBanking Crises(pp. 213-220). Palgrave Macmillan UK. Fleming, M. J., Sarkar, A. (2014). The failure resolution of Lehman Brothers. Fleming, M., Sarkar, A. (2014). The failure resolution of Lehman Brothers, Federal Reserve Bank of New York.Econ Policy Rev. March,31. Gehrig, T., Haas, M. (2016). Anomalous Trading Prior to Lehman Brothers' Failure. Harris, R. (2013). Warning Signs Prior to the Financial Crisis of 2008: A Comparative Analysis.Journal of Management Engineering Integration,6(1), 88. Kim, D., Song, C. Y. (2017). Bankruptcy of Lehman Brothers: Determinants of Cross-country Impacts on Stock Market Volatility.International Journal of Economics and Financial Issues,7(3), 210-219. Longworth, D. (2016). Canadian Domestic Financial Policy Responses During the crisis itself, especially following the failure of Lehman Brothers in midSeptember 2008, the key financial policy response was liquidity provision to banks and borrowers by the Bank of Canada (BoC)(see chapter 6 in this volume for more information) and the federal.Crisis and Reform: Canada and the International Financial System. Mensah, J. M. K. (2015). The failure of Lehman Brothers: causes, preventive measures and recommendations.Browser Download This Paper. Stein, M. (2013). When does narcissistic leadership become problematic? Dick Fuld at Lehman Brothers.Journal of Management Inquiry,22(3), 282-293.

Audit Assurance and Compliance Case Study

Questions: A.Would King Queen be liable to EFL? Provide Specific Case References to Support your Answer. B.Would your answer change if EFL had written to King Queen advising you that they intended to make a Loan to Impulse and were relying on the 2012 Audited Financial Report to assist them in making their decision? C.Define Actual and Perceived Independence, and Explain the Importance of each. D.For Each of the above Independent Situations list any Professional Standards and Regulatory Requirements Breached and Discuss Possible Alternative Courses of Action the Auditor should have taken in order to properly discharge their Professional Responsibilities. Answers: A.As mentioned in the case study on Impulse Pty Limited, it can be hereby ascertained that Impulse is essentially an entertainment system manufacturing organization founded during the year 2005. The case study also mentions that King Queen acts as an independent auditing corporation for the corporation Impulse Pty Limited right from its inception. Consequently, the situation of 30th June during the year 2012 mentions that the company Impulse Pty Limited is facing several issues associated to the liquidity position of the corporation as well as inventory at hand. However, during the time of preparation and presentation of financial declarations as well as financial announcements for the company Impulse Pty Limited for the period 30th June 2012, the management of the firm King Queen did not take into account certain important business circumstances into account that led to unadjusted financial situation replicated by the financial statements. As per the case study, it can also be det ermined that Easy Finance Limited (EFL) is financing company that funded different business organizations. EFL also disbursed loans to the corporation Impulse after taking into consideration and assessing the financial declarations of the company. The primary intention and purpose of the company Impulse was to handle and identify the issues that led to the constant relegation of the financial condition of the firm. Finally, Impulse suffered bankruptcy during the period December 2012 owing to combined implications of several major difficulties associated to the liquidity condition as well as levels of inventory of the organization and consequently EFL too had to suffer badly owing to the adverse impacts of such kinds of events. As per the specific roles and responsibilities of independent auditors, it can be said that the independent auditors have the accountability to prepare as well as present financial declarations based on the accurate historical data of the organization and by considering the companys financial as well as trading standpoints (Glover et al. 2014). However, the financial announcements of the company need to replicate the actual financial condition of the firm during a particular period of time founded on the flows of cash, functional results, incomes as well as gains along with income and profits (Kend et al. 2014). Nevertheless, in certain cases, particular events or else circumstances might crop up after the specific date of authorizing and declaring the pecuniary reports of the firm. Therefore, it becomes important to adjust and incorporate the effects of these events in the financial declarations in the upcoming financial reports that is to be declared by the corporation. In addition to this, the independent auditors also have the need to attach significance to the events that take place prior to the process of preparation as well presentation of the financial declarations and take into account the material impacts of the events on the preparation of the financial statements related to the organization (Schmidt et al. 2016). Thus, there is pressing need for conducting obligatory adjustments for the purpose of disclosing several critical facts regarding the financial soundness of the organization during the specific period of time. As per the effective adjustments in the financial statements made during the period September 2002, the incidences triggered by the disclosures or else non disclosures can be indicated to the consequent events that involved several parties. As per the case study, it can be hereby ascertained that EFL had to bear huge amount of losses owing to the bankruptcy of the corporation Impulse. It can further inferred that this specific loss is mostly caused due to the non-disclosure of proper financial information of Impulse by the auditing and accounting firm King Queen of Impulse Pty Ltd. Based on the norms and principles of auditing, it can be hereby inferred that the actions steered by the auditing firm King Queen was immensely unethical. Consequently the auditing firm is accountable to the financing company EFL for the losses it has suffered by disbursing huge amount of loans to the company Impulse based on the financial reports of the firm (Messier Jr 2016). B.The analysis of the case study reveals the fact that King Queen might not face legal charges based on certain condition. The independent auditing company would not face any legal charges in case if it delivered the right information concerning the financial condition of the firm Impulse to the EFL at the time when EFL asked about written explanation in quest of advice from King Queen related to the financial condition of the firm. King Queen had the need to provide credible financial information regarding the firm Impulse to the financing firm EFL if it had clearly written regarding their decision for disbursement of loan based on the financial announcements presented by the King Queen. However, if EFL agreed to disburse loans to Impulse even after receiving and knowing the actual financial information regarding the company Impulse, then EFL cannot hold King Queen responsible for the bitter consequences. However, as per the conditions stipulated under the paragraphs (93 to 97) of PCAOB Auditing Standard No 5, the auditing corporation King Queen had the need to undertake an assimilated audit of the financial announcement of the company Impulse in a bid to generate an appropriate financial statement of the firm and to declare about the real health and financial soundness of the company (Moroney et al. 2014). In addition to this, there was also need for maintenance of internal control related to the particular approach of the firm regarding auditing. The maintenance of internal control can help in delivering the direction associated to the consequent events as mentioned in the in the case study. The internal control in organization can also help in proper audit of financial reports and provide proper advice to the auditors. The right guidance to the auditing firm King Queen can help in averting different liabilities that are associated to the different consequences of events as stated above. The auditing therefor, also needs to abide by the guidelines rel ated to the associated to auditing standards for undertaking the practices of audit as well as their approaches of audit (Stuart 2012). The auditing firm such as King Queen can adhere to the stipulations conditioned under the Australian Auditing Standards mentioned under the Section 336 of the Corporation Act (William Jr et al. 2016). In this case, King Queen, the firm performing audit needs to review and audit of financial reports in addition to other financial information as per the conditions laid under the ASQC 1. In addition to this, they also need to maintain compliance with the ASA 102 that mentions the ethical obligations that need to be satisfied at the time of performance of audit, reviews as well as other types of assurance engagement of the firm (Eilifsen et al. 2013). Furthermore, the King Queen also had the need to comply with the stipulations provided as per the section ASA 220 for maintenance of quality control of a particular audit of a financial statement togeth er with other historical information (financial information) (Auasb.gov.au 2016). In addition to this, the auditors also need to maintain compliance with the directives mentioned under ASA240 for understanding the responsibilities of the auditors associated to fraudulent actions in a specific audit of financial declaration and take into consideration the regulations of ASA 250 for understanding the laws of auditing a financial report (Auasb.gov.au 2016). C.As rightly indicated by Glover et al. (2014), auditing independence deals with two wide aspects that can be discussed for comprehending the nature as well as characteristics of auditors. As such, there remains difference between the actual independence and perceived independence of auditing when considered in terms of appearance. Therefore, in a bid to attain goals as well as objectives of auditing, both the actual as well as the perceived independence is imperative from the viewpoint of the contributions of auditing. Louwers et al. (2013) asserts that actual independence refers to the operations of the auditors that get impacted by the thinking potential. To put it simply, the actual independence of auditing is primarily reliant on the in dependent state of mind of the particular auditors. The state of the mind of the auditors exert considerable impact on the functioning as well as approaches of different auditors. This in turn affects the way auditors deal with particular situati ons associated to their auditing practices (Arens et al. 2012). Thus, freedom in the decision making can be observed during the time when directors of firms tries to negotiate positions of the auditors. The actual independence of auditing that depends on mental state of individuals is very difficult to enumerate. Therefore, this can be very challenging to gauge the objectivity of particular auditors. However, perceived independence of auditing can be considered as the grey area between the normal black and white aspects of the auditing and is based mainly on perceptions (Duncan and Whittington 2014). D.As rightly mentioned by Carson et al. (2013), there are several important regulatory requirements along with auditing standards associated to the process of auditing as developed by Australian Securities and Investment Commission (ASIC). There are several directives as well as regulations stated in the regulations of ASIC that the independent auditors take into consideration for undertaking their actions (ODonnell K. et al. 2015). As mentioned in the first scenario, Bob has duplicated and at the same time used the financial information provided in the books of the company Club Casino in a bid to prepare university assignment task. Bob essentially removed the probable references that are related to the Club Casino that has the probabilities of breach of audit as Bob did not notify Clun Casino for any such kind of practices. Thus, it can be said that Bob is an independent auditor who needs to get approval from Club casino regarding the utilization and employment of financial information for satisfying the primary educational requirements. Bob also need to comply with the ethical requirement as stipulated under the ASA 102 (Auasb.gov.au 2016). Bob needs to adhere to the regulations in order to comply with ethical obligations during the performance of audit of firms. The second scenario explicates in detail the involvement of Wendy to the company Ace Limited. The company have the need for the auditor rotation as per the stipulations of ASIC. In addition, it is also imperative for the auditor to maintain adherence to the stipulations mentioned under ASA 220 Quality Control Aus A6.1 that specifies about the requirement of the auditor rotation (Auasb.gov.au 2016). The Corporation 2001 also mentions about the requirements of the rotation requirements necessary for meeting the ethical obligations of auditors (Auasb.gov.au 2016). Again, as per the guidelines of ASIC, there are several enforceable regulations for the auditors responsible for preparation as well as presentation of reports for main areas of different business actions and if the corporation is operating for more than 5 years. The third scenario refers to the assignment of Leo in the auditing procedure of organization Precision Machinery Limited. The scenario can help in comprehending the features of appointment that need to meet the capability and effectiveness levels. This is related to the quality assessment programs together with different disciplinary procedures of the professional accounting bodies. Therefore, it is important to adhere to the directives stipulated under ASA 220 for quality control of audit and assessment of quality of the particular audit evidence and ASA 510 Audit Engagement rules and regulations (Auasb.gov.au 2016). The fourth scenario indicates towards the occurrence particularly between Chan Associates and the Classic Reproduction Pty Ltd. The present scenario refers to the application of registration requirements in the most suitable manner (Stuart 2012). Thus, it calls for the need of arrangement of full settlement actions for the particular claims related to the fees of auditing firm Chan Associates. In addition to this, the present scenario also talks about the relation with Classic Reproductions for not fulfilling specific auditing requirements. References Arens, A.A., Elder, R.J. and Beasley, M.S., 2012. Auditing and assurance services: an integrated approach. Prentice Hall. Auasb.gov.au. 2016. Auditing and Assurance Standards Board (AUASB) - Home. [online] Available at: https://www.auasb.gov.au/ [Accessed 15 Dec. 2016]. Carson, E., Simnett, R. and Vanstraelen, A., 2013, September. Auditing the auditors: An international analysis of the effectiveness of national inspection regimes on audit quality. In The University of Auckland Business School Seminar. Duncan, B. and Whittington, M., 2014, September. Compliance with standards, assurance and audit: does this equal security?. In Proceedings of the 7th International Conference on Security of Information and Networks (p. 77). ACM. Eilifsen, A., Messier, W.F., Glover, S.M. and Prawitt, D.F., 2013. Auditing and assurance services. McGraw-Hill. Glover, S.M., Prawitt, D.F. and Messier, W.F., 2014. Auditing assurance services: a systematic approach. McGraw-Hill Education. Glover, S.M., Prawitt, D.F. and Messier, W.F., 2014. Auditing assurance services: a systematic approach. McGraw-Hill Education. Kend, M., Houghton, K. and Jubb, C., 2014. Competition issues in the market for audit and assurance services: are the concerns justified?. Australian Accounting Review, 24(4), pp.313-320. Louwers, T.J., Ramsay, R.J., Sinason, D.H., Strawser, J.R. and Thibodeau, J.C., 2013. Auditing and assurance services. New York, NY: McGraw-Hill/Irwin. Messier Jr, W., 2016. Auditing assurance services: A systematic approach. McGraw-Hill Higher Education. Moroney, R., Campbell, F., Hamilton, J. and Warren, V., 2014. Auditing: A Practical Approach. Wiley Global Education. ODonnell, K., Hicks, B., Streeter, J. and Shantapriyan, P., 2015. Getting it right: directors assessment of information. Managerial Auditing Journal, 30(2), pp.117-131. Schmidt, P.J., Wood, J.T. and Grabski, S.V., 2016. Business in the Cloud: Research Questions on Governance, Audit and Assurance. Journal of Information Systems. Stuart, I., 2012. Auditing and assurance services: an applied approach. McGraw-Hill/Irwin. William Jr, M., Glover, S. and Prawitt, D., 2016. Auditing and Assurance Services: A Systematic Approach. Auditing and Assurance Services: A Systematic Approach.

Biographical Narrative Essay Samples With Literary Devices

Biographical Narrative Essay Samples With Literary DevicesBiographical narrative essays can be done in a number of ways. A short biography, using quotations, a mini-biography, a larger one, a creative narrative, a newspaper article, and many other methods. This is because we, as writers, are too close to the subject and have a sense of him or her or the real historical figure. We have an understanding of what the person means and what he or she can give to the world.Biographies can be both formal and informal. Some of the ones I used are:- History: As the first example, all the classic biographies are written in a chronological fashion. This gives a definite head-turning and thrilling experience. As a reader, the order of the book would make you walk away with butterflies in your stomach. The true history is already written for you do not need to fiddle with all the specifics that has to be done by the publisher. It can be a short, long, this-or-that style of biographical narrative e ssay samples with literary devices.- Marriage and Divorce: You can describe the love story that changed the world from the start of their relationship to the end of it. You can also describe the difficulties and the successes and the personal crisis that defined the time of their relationship. Be sensitive with the transitions of the time between the two and you will be able to make a good read out of it.- Family Life: This is where the most family life biographies are written. The description of each member is probably a chapter, and each chapter may cover many years, or it can be long and sparse, covering a single event in the lives of the characters.- Romance: Most romance biographies are done as a lighthearted, humorous, romantic tale, although the subject may not be relatable to all people. There may be more than one romantic interest in the lives of the characters. You can even go for a simpler style and write one big short story. This will leave a lasting impression on the re ader.Do you want to include biographical narrative in your next book? Or do you want to make an original work of literature? Do you want to use these samples as the basis for the writing of your own work?

Personal Statement for ISU free essay sample

â€Å"A good education is the greatest gift you can give yourself or anyone else.† As freshman in high school, I visited Illinois State University, and since then, it has been my first and only choice for college. From the moment I stepped onto the campus I knew there was no place else I would rather want to go after high school. I loved the atmosphere of the quad, and how all the independent college students looked so eager to be there. Thereafter, I have always pictured myself on the same quad someday. I have done a lot of research on Illinois State University, and it seems to be the perfect fit for all I have ever wanted in my college experience. It is the full package of great academic programs, student life, and options. I want to further my education because I am determined to succeed, interested in advancing my knowledge of science, and I have a passion for learning. We will write a custom essay sample on Personal Statement for ISU or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I am currently undecided about my major, but I am considering a major in Chemistry. I have learned that Illinois State offers a lot for that field of study, such as time in a laboratory, and great professors. Also, Illinois State is well known for being a school for aspiring teachers. This is another reason I am extremely interested in studying at Illinois State University, as I hope to become a high school chemistry teacher. I have always done very well in the chemistry courses offered at my high school. I achieved a high â€Å"A† in Chemistry during my sophomore year, and I am currently taking an Advanced Chemistry course in which I currently have a B. I have learned about all that Illinois State University has to offer for Chemistry major, and I know that I will have a lot of time working in an actual laboratory. And will have access to great chemistry professors that will help mentor me throughout the courses. I have explored the different courses that are offered to scie nce majors, and there is a great variety in which all sound interesting. I have usually done well when it comes to my grades; I always try my hardest, and complete all my assignments. One of my weaknesses is procrastinating; I tend to leave homework and studying until the last minute. Even though I procrastinate I still get my work done, and I believe I strive under pressure. I have the ability to push through many obstacles to accomplish my goals. My parents have always motivated me to do my best in school. My older brother, John, has always been a role model for me. He always works his hardest in school to accomplish his dreams, and has always pushed me to do my best to achieve my dreams. Ever since I was little and in gymnastics he would always tell me, â€Å"If you give it all you have and dedicate yourself to something, you are bound to achieve anything you put your mind to.† Ever since then, that motivation has been branded into my mindset. Although during the beginning of high school I did come to a crossroads. Freshman year was the biggest struggle for me academically. I had a hard time second semester mainly because of family issues. There was a lot of hostility in my house at this time, which caused me to lose some focus in school. I had a difficult time this semester in Biology Honors, which I received a final grade of a D. Despite the fact that I earned that grade, I still enjoy the subject of Biology immensely. I look forward to studying it in my future without the distractions. Furthermore, I believe I will be more successful than other applicants because my passion for science. Science engages me more than any other subject. Also, there is always so much more to learn about that field of study. To thrive in something you have to put your heart into it, and without heart you will never be successful. I have a lot of desire to learn about subjects I enjoy, and to further my education. Learning new things is extremely enthralling for me. Education is infinite. You are never done learning in life, and there are constantly new discoveries and innovations to study. I am anticipating the new things, and experiences I will be exposed to at Illinois State University. Illinois State University seems like a great place for me study and I look forward to the opportunity to attend there next year.

Teenagers and Decisions †Ethics Prompt Writing

Teenagers and Decisions – Ethics Prompt Writing Free Online Research Papers Teenagers and Decisions Ethics Prompt Writing Prompt: Do you agree or disagree with the following statement? Parents or other adult should make important decision for their older (15 to 18 years old) teenage children. Use specific reasons and examples to support your opinion. Yes I agree with that statement! Because I believe that children from 15 to 18 years old can’t make important decision. That’s why their parents make a decision, because they know what is best for their children! If decision would be in teenager hands, than would be a lot of troubles. Sometimes even adult make a stupid decision, and how can we expect that will young people always make a right decision. Children can make decisions witch are not so important, and more important decisions leave to the parents. Consequences of making bad decision are sometimes very serious. It might effect on children future, and that is not god! I think that children will have a lot of important decisions to make in the future, since then will parents take care for them! Research Papers on Teenagers and Decisions - Ethics Prompt WritingPersonal Experience with Teen PregnancyMoral and Ethical Issues in Hiring New EmployeesIncorporating Risk and Uncertainty Factor in CapitalEffects of Television Violence on ChildrenComparison: Letter from Birmingham and CritoCapital PunishmentThree Concepts of PsychodynamicStandardized TestingRelationship between Media Coverage and Social andHarry Potter and the Deathly Hallows Essay

IS Project Implementation Plan Research Paper Example | Topics and Well Written Essays - 1500 words

IS Project Implementation Plan - Research Paper Example In citing an example of virtual organization, the case of an engineering company, John Brown Engineers and Construction concern comes into question. The company fulfills the globalization attribute of a virtual organization in operating through a network of 30 countries having a total employee base of around 21,000 people. Moreover, the company operates based on its own privately designed information systems linking the different offices of the concern. Through such developed and interlinked information technology network the employees of the company can effectively retrieve, share and implement information gained from large databases stored in the system. Thus, the people with information technology can effectively use the large pool of technological and other knowledge resources that would be required for the proper functioning of the organization. Moreover, the management of the company through the existence of information technology sources has also taken resort of developing a v ideo conferencing facility through which the directors and managers sitting at head office can learn the activities pursued in different units round the globe. Again, such use of technology also helps the management to get effective feedback from the employees in regards to operation and customers and thereby can design strategies differently to enhance business competitiveness (Igbaria and Tan, 1998, p.48). The business managers at John Brown Engineers and Construction concern worked to enhance and implement specific business strategies focused on globalization in the light of the information technology resources and opportunities gained. The Chief Executive Officer of the company identified the need for strategic alliances both within the internal and external policy framework to gain a competitive business position in the climate of globalization. Thus to gain the opportunity of strategic alliances the

Discussion of the value of research Essay Example | Topics and Well Written Essays - 500 words - 1

Discussion of the value of research - Essay Example Research is very important in imparting knowledge among various people concerned with the advancement of their knowledge and ways of thinking. Indeed it is through research that we are able to improve our knowledge. Various people have conducted researches in various fields of study and come up with various ways of viewing different things and have different view over the same things. As Gibbons argue, research changes the way a society and a group of people view things by inventing new ideas. It is a way of improving our knowledge based on the need to change the perception of a given person (Gibbons et al, 1994). This paper will look at the importance of research at certain levels such as in academic achievements, in employment as well as in national building as a citizen of a given country. To begin with, research as I have indicated in the statement above is the eye opener in changing the manner in which we view things around us or react to given circumstances and situations in the society. Researches are therefore very important in the life of a student especially at higher levels such as the honors level. Carrying out research at the university level can be useful in very many ways for instance, researches improve our bulk of knowledge in related fields of specialization (Bell, 1973). People go to school in order to acquire full education in terms of quality learning as opposed to mere diploma holding capabilities. Knowledge that is all encompassing requires that one is all round with regard to his or her line of specialization, which is to have a vast knowledge in our areas of specialization. We therefore need to conduct investigative researches to well equip ourselves with the best knowledge we can gather in our fields of study. According to Friedman, an honors st udent is expected to have profound knowledge in his or her field of specialization and so must conduct research to keep himself or herself with the most current and detailed knowledge in