What Has Become of Sports free essay sample

A persuasive discussion of the transformation of sports into a money making business. This is a persuasive paper that tackles the idea that sports has become simply a marketing agent and a business game rather than a sport that promotes competition, values and respect. The author argues that sport has recently been transformed to a commercial mechanism whereby the media promotes ideals of heroes and contribute to the ideals of falsity and corruption. Sports has become a commodity and a marketing tool and a money orientated idea. Includes an analysis of the statement by Tyler Cowen we run the danger that commercially successful heroes induce dangerous forms of mimesis and fail to help citizens coordinate around noble ideas. Thesis: The marketing of sports has become a business where players make more money marketing the products than playing the game. Sports heroes are then, no longer promoting the ideals of competition and values, rather through the commercialization of the team and player they are contributing falsity to a society already chaotic. We will write a custom essay sample on What Has Become of Sports? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page

Course Reflection Example

Course Reflection Example Course Reflection – Coursework Example Reflection This on nursing theories was a handful as it was particularly informative and interactive. Notably, thiscourse offered me a theoretical foundation for practicing nursing. I learnt that theories delineates and augments nursing practice and that it focusses on matters imperative to offering care (Basavanthappa, 2007Through this course, I learnt that theory is a systematic and creative way of viewing the world and its facets in order to describe or control it (McEwen grand theories, middle range theories, and borrowed theories (McEwen & Wills, 2014). Through this course, I can apply nursing theories to my Home Health Care and Dialysis Nursing practice. I will use nursing theories to evaluate the patient’s conditions and identify the distinct needs of the patient through Watson’s theory of caring (Kozier et al., 2004). I will also employ this theory to create effective relations with the patient and assess the degree to which the nursing process was successful. Before joining the course, I did not have many thoughts about the existence of theory and application of theory to solve nursing issues. For instance, I initially did not understand that there are various facets that need to be taken into account before administering self-care in patients. It is after this course that I learnt nurses have to evaluate the patient’s motivation and ability to perform self-care (McEwen & Wills, 2014).ReferencesBasavanthappa,  B.  T. (2007). Nursing theories. New Delhi: Jaypee Brothers. Kim,  H.  S., & Kollak,  I. (2006).Nursing theories: Conceptual & philosophical foundations. New York, NY: Springer Pub. Co.Kozier, B., Erb, G., Berman, A., & Synder, S., (2004). Fundamentals of nursing: Concepts, process and practice. New Jersey:Pearson Education.McEwen, M., & Wills, E. (2014). Theoretical basis for nursing (4th ed.). Philadelphia, PA: Wolters Kluwer/Lippincott Williams & Wilkins.

A Fear of Flying Turning a Simple Dream into a Story of Triumph

A Fear of Flying Turning a Simple Dream into a Story of Triumph Have you ever had a dream that you could fly? When I was a child, I had recurring lucid flying dreams. In one, my parents are entertaining company. I start demonstrating how I can fly. I’m riding the airwaves above the yellow shag rug in the living room, and everyone is entranced. In the dream, flying is the most natural thing in the world and I know that anyone can do it if they just learn to catch the right currents. Watch me go! It’s just like swimming! Then, I would awake. from thecharmingplace.com greeting cards The thrill of flying came crashing down. I was left distraught, wishing I had never had the dream at all. In my child’s mind, it was worse to discover that my ecstasy was imagined than to avoid it in the first place. So I decided I would prefer NOT flying in my dreams to the trauma and disappointment I faced upon awakening. I resolved to wake myself up the next time I had a flying dream. Reality Check Sure enough, one night I found myself flying around with the characters from Alice in Wonderland, cards and spades whisking through the air. I promptly gave myself a whack on the head with my right hand and woke up immediately. The dream was over. No more disappointing awakenings to â€Å"reality† for me! That was the last flying dream I ever had. Until last Thursday. Reclamation In my dream, I once again have an audience, and I am doing swimming strokes through the air. I feel the support of the air under me, and I stay airborne for minutes at a time. What power and freedom! I want everyone around me to discover this joy! This time I choose to let the dream take its natural course. And when I wake up, there is no trauma or disappointment. Rather, I experience an aliveness from the knowledge that I have reclaimed something. What’s possible from here? Rising above my limiting beliefs. A different perspective on life. And getting in touch with an adventurous, powerful piece of myself that knows anything is possible. I wonder, what disappointments have led you to stop dreaming? Are you willing to let yourself fly again? Category:Life and LeadershipBy Brenda BernsteinJune 27, 2017 3 Comments The Essay Expert says: August 23, 2011 at 7:13 pm Thanks BeeGee. Yes I must have reached a point in life where I am not only capable of handling disappointment, but where I choose to risk disappointment in favor of experiencing joy. And creating a support system is definitely key. Disappointments can be tough to handle alone. Log in to Reply Penelope J. says: August 28, 2011 at 5:40 pm Interesting that you learned to control your flying dreams. I used to have tidal wave dreams that were more like nightmares but once, I saw that wave coming towards me, and thought, Here goes and dove straight into it. I often had flying dreams and contrary to your experience, I loved them! I would awake with a great feeling of empowerment. My flying dreams have slowed down with age though occasionally, I get similar ones where I discover, to my delight, that I can run as fast as a deer. I should say that most of my dreams the ones I remember enrich my waking hours. Log in to Reply The Essay Expert says: August 30, 2011 at 4:52 pm I love the running as fast a deer dream Penelope! And Im glad you didnt have to go through what I did to learn to enjoy what are clearly powerful dreams! Log in to Reply

Informative Speech on Childrens Hospital of the Kings Daughter Essay

Informative Speech on Childrens Hospital of the Kings Daughter - Essay Example The hospital provides emergency services, pediatric services, surgery practices and a fully functional and comprehensive outpatient services. The hospital serves nearly 500,000 children through its 900 employees. The hospital claims to be more than just a hospital as it offers community service program including child abuse programs. There only 43 other hospitals through the US that provide the same services and programs offered by CHKD. The hospital serves the highest percentage of Medicaid patients. In 2013, 54 percent of the hospitals patients were covered through Medicaid. Even though most patients were covered through Medicaid, Medicaid does not cover the entire cost of medical care. In such a case, CHDK provides for the child through its own funds that are collected through donations. In 2013, these donations contributed 2.15 million dollars. In the same year, the hospital served 5177 inpatient admissions, 13,109 surgical cases, 144,023 specialty clinic visits and 49,651 visits to the Emergency Center. The hospital provided 79 million dollars of fund in community benefit programs and activities in 2012. This has been achieved mainly through the help of the community. The hospital is open to individual and corporate donations. The donations received for this hospital do not go into the private fund of any shareholder but is rather given back to the hospital. This makes the hospital a non-profit organization. Fund raising events created for the purpose of benefiting the organization is also part of the program. The hospital has featured fundraising partners that collaborate with the hospital for raising money through fund raising program. These partners include Anthem Lemonaid, Childrens Miracle Network Hospitals, David Wright Vegas Night, Farm Fresh Roundup and The Point Radiothon. The hospital is also open for volunteer services. The foundations of CHDK was established in 1896 when a group of women with a passion for community service

Rat trap boat evaluation Essay Example | Topics and Well Written Essays - 1250 words

Rat trap boat evaluation - Essay Example Our initial focus will be to discuss the evaluation plan for the construction of the rat trap boat. The evaluation plan will cover the following areas: background, purpose, limitations, questions, methods, instrumentation, time line, and budget. The assignment for the creation of said rat trap boat was initially given in an Engineering and Construction course. The purpose of this project is to create a moving water vehicle that is powered only by the energy stored in the spring from a mouse trap. The following limitations will be set in place: a standard mousetrap, the spring on the mousetrap will be the sole power source, the spring on the mousetrap will be cut and bent, but no heat-treated or chemically alteration will occur, the maximum length of the boat will be 18’ (this does not include the lever arm), all materials used will be non-hazardous, and the vehicle will be self-starting and steer itself. In an attempt to answer these questions the following methodology will be used to create a rat trap boat. First I will cut the balsa wood into a ten inch by five inch rectangle. Then I will cut one end into a point, making a boat shape. I will then cut a four inch by two and a half inch notch into the other end. Next, I will make four three inch by one and a half inch rectangles out of the balsa wood for paddles. I will then cut the dowel down to six inches. I will then hot glue the paddles to the dowel, making sure they are centered and evenly spaced. I will then allow paddles to cool completely. The next major step will be to wrap wire around the dowel on one side of the paddle and twist with a wire cutter. I will then trim it to about one fourth of an inch to make an axle pin. Now it is time to attach a one inch wire in a loop to one side of the back of the boat shape by hot-gluing one end to the top of the wood and the other to the bottom. I will then slide the end of the dowel through the loop and attach the second one inch wire to the other side, around the dowel. It is now important to place the mousetrap on top of the boat shape on the same side as the axle pin. I will then hot glue the mousetrap in place. Then I will tie string to the axle pin and turn the dowel until I have about two feet of string wrapped around it. I will then tie the end of the string to the â€Å"jaw† of the mousetrap securely. I will then set the trap and tighten the string around the dowel. The final step will be to place the boat into the water and release the trap. The jaw should slowly begin to close, pulling the string and causing

Service Request Essay Example for Free

Service Request Essay Riordan Manufacturing Company is an organization that manufactures plastic parts globally. With manufacturing plants in Georgia, Michigan, and China, Riordan employees well over 500 people and bring in projected annual revenues around $46 million. Riordan has a diverse customer base and services various industries such as automotive, aircraft manufacturers, the department of defense, beverage makers, and appliance manufacturers. The companys research and development is done at the corporate headquarters in San Jose. A service request was recently issued by the company’s Chief Operating Officer (COO) Mr. Hugh McCauley to upgrade the Human Resources department’s information systems to a more sophisticated state of the art system. My goal is to define the business requirements for the development of an HR system and to support the objective of this request. I will create a detailed system design and a project implementation plan required to complete the project. Mr. McCauley would like the project to be completed in approximately six months, so the new system can be utilized in the second quarter of next year. Key Riordan Stakeholders To begin defining the business requirements for HR’s system I must first understand their current system and assess the growing needs and requirements of the department. Riordan’s current HRIS system was installed in 1992 and is part of the financial systems package that keeps track of their employee’s information such as personal information, pay rate, hire date, organizational information, and vacation hours. Riordan’s current system is time consuming and inefficient. Many departments keep their own records and there is no common sharing or cohesiveness between each department. The first step in designing a new more efficient system is to interview the key stakeholders involved in the decision making process and the users who will be using the new system. The first person that I would interview is the COO Mr. Hugh McCauley. Mr. McCauley is the person who  placed the service request for the new HR system. His primary responsibility is to direct, adminis ter and coordinate the activities of the organization in support of policies, goals and objectives established by the chief executive officer and the Board of Directors. Mr. McCauley’s input will be valuable in determining the overall goal for the HR department as they relate to the objectives of the organization. The next person I would interview is the Director of Human Resources Ms. Yvonne McMillan. Ms. McMillan’s role is to develop departmental policies, direct and coordinate human resources activities, such as employment, compensation, labor relations, benefits, training, and employee services. Her input will be valuable as she works with all of the departments that will be incorporated into the new system and will have specific knowledge of each role under her command. The other key stakeholders that would need to be included in the interview process are the payroll manager Silvija Peterson and payroll clerk Ana Richlich, training and development specialist Mari Carillo, the recruiter Eric Myers, employee relations specialist manager Andrea Gamby and employee relations specialist Carl Green, compensation and benefits manager Terri Carranza, compensation analyst Anne Pham. These employees will have firsthand knowledge of the current system, will lend valuable advice for improvements and will be users of the new system. Information gathering techniques and system analysis tools The first type of interviewing technique that I would use is the face to face interview. The interview is considered the primary technique used for information gathering during the analysis phase of the developmental project. The goal of the interview is gather information on the company, the particular job function, processes or activities, to uncover problems, to conduct a needs determination, gather opinions and user viewpoints; provide certain information, and to obtain leads for further interviews. The three primary system analysis tools that an analyst uses are interviewing, observation, and research. Other information gathering techniques I would use is focus groups, site visits, and Joint Application Design (JAD). Focus groups allow the interviewer to obtain different viewpoints in a group setting on the same subject. The group interaction provides immediate validation of the data gathered. Site visits can be used to gain firsthand  knowledge of the processes, activities, p hysical environment, and working conditions of the project. Site visits can be used to not only improve the interviewers understanding of the current working environment, but the interviewer may obtain additional information that wasn’t shared during the initial interview. The last information gathering technique is JAD. JAD allows a group of key stakeholders to gather in one place for a session or multiple sessions to discuss the goals and objectives of the project. JAD sessions start with identifying the mission and goal statements, and proceed to identifying the business requirements. One of the primary differences between a focus group and a JAD session is typically the participants in the focus group share similar technical and organizational levels whereas JAD groups are comprised of various users and key stakeholders. Key factors to help ensure the information gathering for project is gathered successfully Documentation is an extremely important part of information gathering and serves to clarify understanding for the interviewer. It also provides an audit trail or creates records which can be referred to at some later date which will serve as the basis for future decisions and projects. Making sure the information gathered is saved properly will allow the interviewer to retrieve the information when it is needed again. Project scope and feasibility The project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks and deadlines. (Rouse, 2012). A project scope statement is a short document prepared primarily for the customer to clearly describe what the project will deliver and outline generally at a high level all the work required for completing the project. (Valacich, George, and Hoffer, 2012). A Feasibility Study needs to be completed as early in the Project Life Cycle as possible. When completing a feasibility study the best time to complete one is when a range of different alternative solutions have been identified, and one needs to know which solution is the most feasible to implement. The feasibility study analyzes and outlines and several alternatives or methods of achieving business success. The feasibility study helps to narrow the scope of the project to identify the best business scenario. References: Hofstrand, D. (2013). What is a Feasibility Study? Ag Decision Maker. Retrieved from: http://www.extension.iastate.edu/agdm/wholefarm/pdf/c5-65.pdf on October 27, 2014.Modell, M. (2007). The Interview And Other Data Gathering Methods. Retrieved from: http://www.martymodell.com/pgsa2/pgsa07.html on October 27, 2014 Rouse. M (July, 2012). Project Scope. SearchCIO. Retrieved from: http://searchcio.techtarget.com/definition/project-scope on October, 27, 2014.Valacich, J. S., George, J. F., Hoffer, J. A. (2012). Essentials of systems analysis and design (5th ed.). Upper Saddle River, NJ: Pearson Education

Review on Black Comedy :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Journal Entry for â€Å"Black Comedy† Dear Journal:   Ã‚  Ã‚  Ã‚  Ã‚  I have never been so exhausted in my entire life and now I have time to sleep and do some schoolwork. I know this is a day late and I am sorry, but Sunday I just couldn’t function anymore.   Ã‚  Ã‚  Ã‚  Ã‚  During the production of â€Å"Black Comedy† I learned how to speak with a Standard British and Cockney dialect, was able to participate in the erection and demolition of a big set, and realized how much actors rely on each other during a performance. This production was hard, but an enjoyable learning experience. Never in my life had I used a British accent or a Cockney, now that I think of it. It was really hard for me to get that all down. Chris really did his job by pounding it away into our brains with all the packets and tapes. I had to watch â€Å"My Fair Lady† to get that wonderful Cockney down. Dialect work was the topic of our second rehearsal with little comments throughout the production.   Ã‚  Ã‚  Ã‚  Ã‚  Oh what a lovely set we had! With some measurements that were missing or wrong. All Hail Jim! I really enjoyed being a part of the group and helping put the set together. I was so glad to hear that there would be a second work call because I hadn’t been able to attend the first. We started out that morning by putting the upstairs platform up, the stairs, the flats, and then paint. We ended that night by painting the stage a nice brown color and we were out of there at eleven o’clock. It took an awfully long time to put the set up, yet it took about three and a half hours to pull it all down. It was all over when all there was left to do was sweep the floor.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Since this was only my second play I realized that with a small cast as â€Å"Black Comedy† had each actor must work together and know the other actors’ lines. When someone would miss or forget a line, another actor would have to either help them get back to where they should be or go with it. I learned just how important cue lines were in this production. They tell you were you should be in your blocking, in the play, and who’s line is next. A way that helped me learn my lines this time around was when I thought I knew them I would write them down and then go back over them with the script in my hand.

Most Writers of Fiction Do Not Earn Enough Money to Live from Their Writing Essay

Most writers of fiction do not earn enough money to live from their writing. Do you think the government should give them financial assistance to help encourage good literature? You should give reasons for your answer using your own ideas and experience. here are some conditions under which a novelist could reasonably expect some government suport. In general terms, if the writer has already proved that he or she can write well, and if the stories produced are stimulating and interesting, then I consider that some financial help might be given. Language quality is difficult to define, but if the writing shows, for example, good grammar, a wide vocabulary, and elegance and imagination, then I can see a valid reason for assisting an author to spend some time free from money problems. Such a writing needs to be encouraged. the entertainment value of a book would be also a factor in deciding whether to provide assistance to an author. Further consideration would include social and educational values expressed in the author’s work. However, if the ideas were socially irresponsible, or if the stories contain unnecessary violence or pornography for its own sake, then I would not want to see the author sponsored to write stories which do not benefit society. Other exceptions are the many writers of good books who do not require financial help. Books which proved to be extremely popular, such as the Harry Potter stories, clearly need no subsidy at all because the authors have become rich through their writing. Views on what good quality writing means will vary widely, and so if any author is to be given money for writing, then the decision would have to be made by a committee or panel of judge. An individual opinion would certainly cause disagreement among the reading public.

Improve communication Essay

The reason why Carly didn’t come to me earlier to report the project delays was because she knew the reasons of the delay were not genuine. She was definitely part of the problem and therefore she didn’t have the language of reporting the conflict that was affecting the team project. Also, since the rest of the team knew her weakness she knew if she reported the case to me I would involve the rest of the members thus exposing her weaknesses. Carly hasn’t had a conversation with Morris about their differences despite being the supervisor since she was aware of the root cause of the problem (herself). On the other hand, Morris did not break the ice and discuss the problem with Carly because he assumed that it was Carly’s responsibility as the manager to approach and solve all differences. Furthermore, it was clear to him too of Carly’s participation in the problem. He had also been treated unfairly by Carly and this made it difficult for him to approach Carly. Coupled with the fact that Morris was more educated than Carly, pride could not be ruled out. If Morris had had a conversation with Carly, he would have mentioned about his unfair treatment to her. I tend to think since the other team members knew that Carly was treating him unfairly, this would have been his motivator to mention of this problem. He knew he had support from the entire team. As for Carly, I bet she would have owned up to this problem and promise Morris of a fair treatment in their future interactions. After such a conversation she would have realized that she was losing a key team member and the other team members had observed it previously which would also affect the whole team thus portraying her as an incompetent manager. For Carly to have been given this role of a project manager meant she had positive leadership qualities and therefore would have owned up to her failures. Failure to accept her mistake would have left her as a lone ranger thus breaking the team spirit. The biggest problem with the way these team members interacted lied on communication breakdown and barriers. This is because it’s clear the other team member had noticed the dispute but no one had shared about it with me or even asked Carly or Morris. Teamwork was minimal in this team and this would have affected this project very adversely if not handled well and quickly. To break this communication barrier and improve communication, it would be beneficial for the team to encourage more frequent and effective upward, downward and team communication. With more communication, any arising problem would be handled well in advance before affecting the project negatively. I think Carly should continue serving as the project manager. This because having discussed the dispute openly, the parties would have understood the facts of the problem and hence allow them to see their areas of agreement, thus turning the conflict into new ideas of enhancing teamwork in the project.

Business Objectives of Barnes and Nobles Essay Example

Business Objectives of Barnes and Nobles Essay Example Business Objectives of Barnes and Nobles Essay Business Objectives of Barnes and Nobles Essay Barnes and Nobles Are Meeting Their Business Objectives Barnes and Nobles objective is to be the worlds largest bookstore and to be Americas highest rating bookseller. Taking advantage of vast warehouses across the United States, we stock over 1 million titles for immediate delivery thats more titles than any other online bookseller(About Barnes and Nobles,2013). Barnes and Nobles assists customers looking for specific books with their search engine, due to the overwhelming amount of books available. Customers can locate books by title, uthor, or keyword in a few seconds. Then the customer can search through hundreds of categories to find the exact book they were searching for. If looking for more than actual books, In 2009, Barnes Noble. com also became a leader in eBooks, offering over 3 million titles in its eBooks store and launching NOOK, the worlds most advanced eBook reader, that features groundbreaking lending technology, a color touchscreen and lets readers download books in seconds(About Barnes and Nobles ,2013). The Nook has enhanced reading for illions across the world. Books can be downloaded from the Android Operating System, without having to leave the couch. The Nook has been so successful that a few of its investors are Microsoft, Pearson, and College Book stores. Barnes and Nobles are achieving their objects with the 700 hundred stores in 50 states, having the largest selection of prints on the internet, having the largest e-book selection, and serving 4. 6 million students through college book stores. About Barnes and Nobles. (2013). Retrieved from barnesandnoble. com/

Breast Cancer

Breast Cancer Essay Cancer is not just one disease but rather a group of diseases. All forms of cancer cause cells in the body to change and grow out of control. Most types of cancer cells form a lump or mass called a tumor. Cells from the tumor can break away and travel to other parts of the body. There they can continue to grow. This spreading process is called metastasis. When cancer spreads, it is still named after the part of the body where it started. For example, if Breast Cancer Essay spreads to the lungs, it is still breast cancer, not lung cancer. Another word for cancerous is malignant. So a cancerous tumor is called malignant. But not all tumors are cancer. A tumor that is not cancer is called benign. Benign tumors do not grow and spread the way cancer does. They are usually not a threat to life. A few cancers, such as blood cancers (leukemia), do not form a tumor. Most kinds of cancer are named after the part of the body where the cancer first starts. Breast cancer begins in the breast tissue. This article refers only to breast cancer in women. Men can also get breast cancer, although this is rare. Women.com, pp. 6 Inside the breasts are glands that produce and release milk after a woman has a baby. The glands that make the milk are called lobules and the tubes that connect them to the nipple are called ducts. The breast itself is made up of lobules; ducts; and fatty, connective, and lymphatic tissue. There are several types of breast tumors. Most are benign; that is, they are not cancer. These lumps are often caused by fibrocystic changes. Cysts are fluid-filled sacs, and fibrosis refers to connective tissue or scar tissue formation. Fibrocystic changes can cause breast swelling and pain. The breasts may feel lumpy and sometimes there is a clear or slightly cloudy nipple discharge. Benign breast tumors are abnormal growths, but they do not spread outside of the breast and they are not life-threatening. Lawrence, pp. 54 Breast cancer is the most common cancer among women, other than skin cancer. It is the second leading cause of cancer death in women, after lung cancer. Many great doctors predicts that there will be about 184,200 new cases of invasive breast cancer in the year 2000 among women in this country and about 41,200 deaths from the disease. Breast cancer also occurs among men, although much less often. Death rates from breast cancer declined significantly during 1992 to 1996, with the largest decrease in younger women both white and black. This decline is probably the result of better detection and improved treatment. We do not yet know exactly what causes breast cancer, but we do know that certain risk factors are linked to the disease. A risk factor is something that increases a persons chance of getting a disease. Different cancers have different risk factors. Some risk factors, such as smoking, can be controlled. Others, like a persons age or family history, cant be changed. Lee, pp. 124 While all women are at risk for breast cancer, the factors listed below can increase the chances of having the disease. Some studies suggest that long-term use (10 years or more) of estrogen replacement therapy, sometimes called hormone replacement therapy, for relief of menopause symptoms may slightly increase the risk of breast cancer. This risk applies only to current and recent users. A womans breast cancer risk returns to that of the general population within 5 years of stopping ERT. Replacement therapy also lowers the risk of heart attacks and bone fractures; therefore, women should talk to their doctors about the pros and cons of using ERT. At this time, there is no certain way to prevent breast cancer. For now, the best strategy is to reduce risk factors whenever possible and follow the guidelines for finding breast cancer early. A personal or family history of breast cancer may make genetic testing an option for some women. About 50%-60% of women with certain genetic changes (mutations) will develop breast cancer by the age of 70. a woman has these mutated genes, but it cannot predict whether a woman will get breast cancer. Genetic testing is expensive and is not covered by some health plans. People with positive results might not be able to get insurance, or coverage might only be available at a much higher cost. You need .

Notes to Consolidated Financial Statement Essay

Notes to Consolidated Financial Statement - Essay Example In the statements of financial position, the Johnson’s Company is kept separately from its owners. The owners’ equity is made as an independent entity in the statement of financial position and classified under liabilities. In the year ended 2003, the Johnson’s Company had total stockholder’s equity worth $900,082. Among this were 7% preferred stock worth $300,000, common stock worth $400,000 and additional paid-in capital worth $737,500. The going concern concept states that the firm remains in operation till the future. The business will continue running for a fairy long time and that it has no intention of scaling down its operations. Therefore, preparation of statements of the financial position of The Johnson’s Company is made under this concept. It is against this concept that it justifies charging depreciation over the entire life of an asset. The total accumulated depreciation of plant, property and equipment for The Johnson’s Company in the year ended 2003 was worth $634,600. There is also the monetary measurement concept. This concept states that accounting should be done only to those items that are measurable in monetary terms / monetary value can be attached. The Johnson’s Company follows the monetary measurement concept by recording all its transactions and assets in monetary terms. This makes it easy to calculate profits and show the financial position of a business. The historical cost concept assumes that assets are entered in books of accounting at the cost at which they were initially acquired. The Johnson’s Company records its transactions while following the historical cost concept. All the assets are entered in the statements of financial position in their initial cost of acquisition. According to the accounting period concept, business life is divided into segments in order to study the results shown in financial statements after