Assignment Business Ethics Across Cultures Article Review

Assignment: Business Ethics Across Cultures Article Review Crystal Williams XMGT/216 May 23, 2010 Elizabeth Berg Business Ethics Across Cultures Article Review The first Article that I read is titled Business Ethics in China. In this article the author talked about how China is open to considering the ethical issues as they want to be global players. The Chinese are aware of some of their own corrupt business practices such as favoring family and cronies. Because the Chinese are doing so well and is such an economic powerhouse, any ethical rules that they set in place will have an impact on the entire world. Chinese frown upon double standards when it comes to criticism of their county by companies that flaunt their own†¦show more content†¦Using his insights into Chinese philosophy, Rothlin has developed a textbook in Chinese, Becoming a Top-Notch-Player: 18 Rules of International Business Ethics (Beijing: Renmin University Press, 2004). The book draws on Chinese experiences for case studies and examples. His center has also supported the translation of various classic business ethics texts into Chinese and the development of rigorous research on business ethics issues at Beijing University of International Business and Economics. Rothlin addressed the Business and Organizational Ethics Partnership as part of reciprocal visits between CIBE and the Markkula Center for Applied Ethics. Markkula Executive Director Kirk O. Hanson has consulted with CIBE, the first center of its kind in China, and serves as honorary chair. Other speakers at the March Partnership meeting included Dan Sweeney from the Center for Corporate Excellence on Tone at the Top and Executive Compensation ; Robert Finocchio, teaching scholar at SCU and private investor on Incorporating Ethics into the Organization s Strategic Plan; and Frank Daly, Markkula Center Fellow, Eric Pressler, Apple Computer, and Sam Piazza, Hewlett Packard, on Rules-Driven and Values-Driven Ethical Approaches: Trade-offs. The Business and Organizational Ethics Partnership brings together executives and scholars in a forum designed to increase the members knowledge about effectively managing ethics in their organizations. Founded inShow MoreRelatedAction Plan and Annotated Bibliography on Maintaining Academic Honesty1390 Words   |  6 Pagesthe end of all one is doing, is necessary for ethics to hold. Avoiding plagiarism through correct citation not only enhances credibility, it also respects the work of the predecessors. Therefore, learning correct citation systems is an essential part to avoiding plagiarism. In this era, there are tools online which can assist in providing correct citation for documents. Furthermore, there is software that can identify plagiarism especially for articles that are available online. These are very viableRead MoreBusiness Ethics Annotated Bibliography2636 Words   |  11 Pagesperformance. Journal of Business Ethics, 97, 341-363.Retrieved from http://search.proquest.com.ezproxy.liberty.edu:2048/docview/821301766 The authors of this business journal explore the recent activities of today’s retail giants and how their ethical behavior affects their brand, objectives, performance and stakeholders. The authors investigate the origins of certain variables that affect the ethical values of an organization. In addition, a review is performed on how both ethics along with these variablesRead MoreThe Ethical Reasons For Plagiarism1459 Words   |  6 Pagesor prevent plagiarism. Where as unethical behavior can also lead to worries in school or colleges, so there is need to correct it so that it has positive impact on organizational ethics. Although, after reading this journal article, it was clearly seen that mostly used ethical reasons are Deontology, Situational Ethics and Machiavellianism to overcome with the problem of Plagiarism (Ashworth and Bannister, 1997). According to my understanding, I would like to say, â€Å"Internet has improved the efficiencyRead MoreTechnologys Impact On Learning1028 Words   |  4 PagesChanges in self-reported academic cheating across the transition from middle school to high school. Contemporary Educational Psychology, 29, 499-517. Peer reviewed article in which data suggests that self-reported cheating is on the rise based on students view that everyone does it. Cahn and Markie. (2008). Ethics: History, Theory, and Contemporary Issues. New York: Oxford University Press. Academic text that outlines basic premises of ethics and how they apply to contemporary life. CenterRead MoreBusiness Ethics6446 Words   |  26 PagesMBL926S BUSINESS ETHICS ASSIGNMENT 2 PREPARED BY STUDY GROUP CEN011A FOR MR MAHARAJ STUDY GROUP MEMBERS - CEN011A NAME STUDENT NUMBER CONTRIBUTION Arnold Lukoto 73026379 100% Cicelia Van Rooi 71119183 100% Dingaan Masango 32700113 100% Gerardt Viljoen 72997737 100% Hansie Wessels 72903902 100% Hennie van Tonder 72999055 100% Khunou Kgame 72781238 100% Nhlanhla Mkhwanazi 72538732 100% Terence Israel 72887435 Read Moreist 3011765 Words   |  8 PagesTo Access Harvard Business Review Articles: Go to the HBR Web site at https://cb.hbsp.harvard.edu/cbmp/access/19424847 and make sure to register so you can access your course readings. (You will need to register, but you do NOT need to subscribe.) You will need to purchase your HBR readings using your credit card. To read pdf articles, make sure you have the Adobe Reader, which you can download for free at http://www.adobe.com. For technical assistance contact Harvard Business School Publishing atRead MoreMpo Assignent Guideline4611 Words   |  19 Pagesstrong leaders and a strong culture.† Discuss this statement in relation to how we understand and make sense of leadership and culture in the post-bureaucratic era. â€Å"Discrimination is a likely occurrence during the recruitment process.† Discuss this statement in relation to the human resource practices and the issues relating to personality, perceptions and values of managers. 2 Prescribed resources for Essay 1 - â€Å"Organisations need strong leaders and a strong culture.† Discuss this statementRead MoreCultural Considerations Remote or Robotic Surgery Essay4017 Words   |  17 PagesWeek 7, and Peer Reviews in Week 8. Each team will identify and explore an emerging technology. This will be a technology that may already exist, but is drawing attention because of new applications, anticipated impacts or potential controversies. Examples could include: My portion of this paper is Cultural Considerations: we have chosen (Robtic surgery as our topic) Cultural Considerations: This is a really important section. Consider the elements that comprise the culture and subcultures.Read MoreTechnologys Impact On Learning Bibliography2071 Words   |  8 PagesHowever, for the most part, technology robustly contributes to a stronger and more robust learning paradigm. Anderman, E., Midgley, C. (2004). Changes in self-reported academic cheating across the transition from middle school to high school. Contemporary Educational Psychology, 29, 499-517. Peer reviewed article in which data suggests that self-reported cheating is on the rise based on students view that everyone does it. As students mature, the issue of academic cheating becomes more ingrainedRead MoreAssignment 2 STRAYER INTRO TO BUSIN1754 Words   |  8 Pagesï » ¿ Assignment #2: â€Å"Ethical and Socially Responsive Business† Shadiek Brown Bus100 - Intro to Business DR. MARIA EMILIA GAMBUZZA December 9, 2014 The Cheesecake Factory Business Ethics The Cheesecake Factory established in the 1940s by Oscar and Evelyn Overton. Mrs. Overton began making cheesecake in the basement of her home in Detroit, using cream cheese as one of her main ingredients to give it, its scrumptious taste it has today. In 1972, the Overton’s moved there business to Woodland hills

Essay on History and Uniqueness of the Culture of Nigeria

History of the Culture The first known human remains within the Nigerian region was found to be dated within the Last Stone Age (around 10000 BCE and 2000 BCE); they were called the Iron Age-Nok people. Between the pass of time, many different groups of people have migrated into and immigrated out of this land. The early societies that had settled down within this area were decentralized and focused on small villages or village groups. However, by the end of the first millennium CE, through social interactions and trade with their neighboring groups, societies began to develop more centralized state structures based on kingship. By the 11th century, powerful empires were built in the northern and southern regions of Nigeria. Although the†¦show more content†¦Nigeria is also the 7th biggest supplier of crude oil on earth, and is considered Africa’s economic giant. Geography, climate, and political conditions are all interconnected with influencing the Nigerian culture. All three factors had affected different parts of the region and have created the history of both strong empires and weak villages. During the early periods, the open plains had allowed communication between different villages in the north and expand into an empire. The climate there also gave an advantage for hunting and gathering, and through many interactions with others, helped spread the main religion of the north, Islam. The Muslim religion is deeply incorporated into both political and cultural aspects of the Northern Nigerian lifestyle. The strong influence of Islam still strongly remains within the Northern area of Nigeria. The Eastern and Western regions are filled with swampy areas and between the numerous swamps are islands filled with oil. Due to the vast amount of forests between them and the north, the Eastern and Western parts are not as influenced by Islam. This culture’s worldviews really depend on what area of the region we are focusing on. However, most of Nigeria highly values the act of greeting another person. Is one does not greet another it is a sign of great disrespect. The Nigerian people are also very respectful to their elders and welcome uninvited guests because there is a lack ofShow MoreRelatedProduct Development and Marketing Mix2212 Words   |  9 PagesProduct Development And Marketing Mix. * Mountain Dew Product in Nigeria. . . . . . . . . . . . . . . BY: Peter Isimhanze, Tuesday, June 26, 2011. 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Course Project †Walt Disney Free Essays

Walt Disney Company Adriana Arroyo Course Project ACCT 307 August 19, 2012 Professor Stuart Thomas TABLE OF CONTENTS Fiscal Year 2011 Annual Financial Report consolidated statements of income4 consolidated balance sheets5 consolidated statements of cash flows6 consolidated statements of shareholders’ equity7 Required Questions [1] What is the amount of property and equipment on the balance sheet for the two most recent years? What is the amount of depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? What amounts are permitted  for inclusion in the capitalized cost of property and equipment? 8 [2] Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment? [3] Does the company have intangible assets? If so what are the types of intangible assets (patent, copyrights, etc. ) and their amounts? What is the amount of amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets ? 9 [4] Goes the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired. 10 [5] What are the company’s depreciation methods? What is the range of estimated useful lives used for depreciating their assets? Does the company use the same depreciation methods for financial statements and tax returns? If not, please describe the methods used for tax purposes. We will write a custom essay sample on Course Project – Walt Disney or any similar topic only for you Order Now 11 [6] What are the company’s footnote disclosures relating to impairment? Please also describe how to determine if an impairment exists and how to calculate the impairment loss. 1 [7] What are the amounts and descriptions for the company’s current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe. What are the three categories of contingent liabilities and the treatment for each type? Does the company have any subsequent events disclosed in their footnotes? If so, please describe them. 12 [8] What are the amounts and descriptions for all of the company’s long-term liabilities on their balance sheet for the most recent two years? What is the interest expense for the two most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date? 12 [9] Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method? 14 [10] Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a sales-type lease and a direct financing lease? 15 Bibliography 18 The Walt Disney Company financial analysis details the finances of the company. The analysis includes a brief summary of the company’s history and important financial information to determine the value of the company. Walt Disney Company was founded on October 16, 1923 by Walt and Roy Disney as Disney Bros. Studios which was then incorporated. Their headquarters are located in Burbank, California. Walt Disney Company has five business segments which are Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive Media. These segments were created to support and enhance the original business model as a studio producing animated shorts and full length films. Each segment adds new and additional paths to market that together ensure the company fulfills its mission. What is the amount of property and equipment on the balance sheet for the two most recent years? What is the amount of depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? Parks, resorts, and other property are tangible assets that are held by an entity for the use in production or supply of goods and services, for rental to others, or for administrative purposes which are expected to provide economic benefit for more than a year. Walt Disney Company’s parks, resorts, and other property amount for the fiscal year of 2011 was $35,515,000 with an accumulated depreciation of $19,572,000. This is an increase from 2010 where parks, resorts, and other property was $32,875,000 and the accumulated depreciation was $18,373,000. The Statement of Cash Flows provides information about a company’s cash receipts and cash payments during an accounting period which shows how these cash flaws link the ending cash balance to the beginning balance shown on the company’s statement of financial position. The depreciation and amortization for the fiscal year of 2011 was $1,841,000. The gains on dispositions are $75,000 for 2011. Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment? According to the footnotes, the individual components of property are attractions, which are located in the Parks, Resorts, and Other Property, buildings and improvements, leasehold improvements, land improvements, and furniture, fixtures, and equipment. The cost for each of them for the past two years are as followed: Name| 2011| 2010| Attractions, buildings, and improvements| $17,662,000| $15,998,000| Leasehold improvements| 650,000| 644,000| Furniture, fixtures, and equipment| 13,746,000| 12,575,000| Land improvements| 3,727,000| 3,658,000| Total| $35,515,000| $32,875,000| The accumulated depreciation for 2011 was $19,572,000 where in 2010 it was $18,373,000. Does the company have intangible assets? If so what are the types of intangible assets (patent, copyrights, etc. ) and their amounts? What is the amount of amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets? Walt Disney Company is required to test goodwill and other indefinite lived intangible assets for damage on an annual basis. The Statement of Financial Accounting Standards Number 142 requires that goodwill is allocated to various reporting units. At the end of each fiscal year, the company performs an annual damage test for goodwill and other indefinite lived intangible assets which include FCC license and trademarks. Amortizable intangible assets are usually amortized using the straight line method and the useful life is up to forty years. The costs to periodically renew Walt Disney’s intangible assets are expensed as incurred. The company also determined that there are currently no legal, competitive or economic factors that will materially limit the useful life of FCC licenses and trademark. The total amount of goodwill is $29,266,000. The goodwill and intangible assets by segment are as followed: Name| 2011| 2010| Media Networks| $17,421,000| $17,442,000| Parks and Resorts| 172,000| 171,000| Studio Entertainment| 6,498,000| 6,416,000| Consumer Products| 3,715,000| 3,699,000| Interactive Media| 1,330,000| 1,323,000| Corporate| 130,000| 130,000| Total| $29,266,000| $29,181,000| The net amortizable intangible assets total is $3,161,000. Intangible assets are assets that are not physical but intellectual property. For example, patents, trademarks, and copyrights are examples of intangible assets. It can be classified as either indefinite or definite depending on the specifics of the asset. However, property and equipment is a physical asset that is important to business operations but cannot easily be liquidated. The value of this asset is depreciated over an estimated life. What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired. The footnote disclosures relating to goodwill are under Acquisitions. Marvel Entertainment, Inc. , a character-based entertainment company, is required to allocate the purchase price to tangible and identifiable intangible assets obtained and liabilities assumed based on their fair values. The excess of the purchase price over those fair values is recorded as goodwill. This reflects the value to Disney from leveraging Marvel intangible asset. The goodwill recorded as part of this acquisition is not amortizable for tax purposes. Goodwill can be calculated by using one of the three methods which are average profit method, super profits method, and capitalization method. By using the average profit method, goodwill is calculated on the basis of the average profit of previous years. The formula is Goodwill = Average Profit x Number of Years Purchase. The next method, super profits method, is a method which tries to measure the capital needed for earning a super profit. There are three steps to this method which are as followed: [1] Normal Profits = Capital Invested x Normal Rate of Return / 100 [2] Super Profits = Actual Profits – Normal Profits [3] Goodwill = Super Profit x Number of Years Purchased The final method to calculate goodwill is capitalization method which is the whole value of the company is calculated by capitalization of the average or actual profits. The formula is Goodwill = [Actual Profits / Normal Rate of Return] x 100 (Study Test Time). What are the company’s depreciation methods? What is the range of estimated useful lives used for depreciating their assets? Walt Disney Company uses the straight line method for depreciation. According to Stock Analysis on Net, the estimated useful lives for attractions: 25-40 years, buildings and improvements: 20-40 years, leasehold improvements: life of lease or asset life if less, land improvements: 20-40 years, and furniture, fixtures, and equipment: 3-25 years. What are the company’s footnote disclosures relating to impairment? Please also describe how to determine if impairment exists and how to calculate the impairment loss. Walt Disney Company recorded $33 million for Studio Entertainment and $22 million for Interactive Media creating a total of $55 million in restricting and impairment charges during 2011 for compensation and amenities costs. While in 2010, they recorded $151 million for Studio Entertainment, $95 million for Media Networks, and impairment charges of $132 million generating a total of $270 million in restricting and impairment charges. What are the amounts and descriptions for the company’s current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe. What are the three categories of contingent liabilities and the treatment for each type? Does the company have any subsequent events disclosed in their footnotes? If so, please describe them. Walt Disney’s current liabilities are the total obligations incurred as part of normal operations that are expected to be paid during the financial period. The current liabilities are accounts payable and other accrued liabilities, current portion of borrowings, unearned royalties and other advances. The company is involved with legal proceedings and has accrued estimates of the probable and estimable losses for the resolution of these claims. They are also certain contractual arrangements that would require the company to make payments or provide funding if specific situations occur. On May 19, 2004, Celador International Ltd. , an associate of the television program â€Å"Who Wants to be a Millionaire,† filed a lawsuit against Walt Disney Company and some of its branches, which included the American Broadcasting Companies, Inc. nd Buena Vista Television, LLC, stated that Walt Disney Company did not pay the their share of the profits. On July 7, 2010, the jury announced their verdict for breaching the contract against certain branches of the Walt Disney Company and awarding $269. 4 for the plaintiff in damages. Walt Disney Company believed the jury’s verdict is wrong and is trying to pursue an appeal. What are the amounts and descriptions for all of the companyâ₠¬â„¢s long-term liabilities on their balance sheet for the most recent two years? What is the interest expense for the two most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date? In the section of Liabilities in the Balance Sheet provides creditors, investors, and analysts with information on company’s resources and its sources of capital. It also provides information about the future earnings amount of a company’s assets along with cash flows that may come from receivables and inventories. The long term liabilities are the total obligations incurred as part of normal operations that is expected to be repaid beyond one year or business cycle. Walt Disney Company’s long term liabilities increased from 2010 to 2011. The total long term debt for 2011 was $12,454,000 and deferred income taxes were $3,150,000. For 2010, the total long term debt was $12,582,000 and deferred income taxes were $3,206,000. The income statement provides information on the financial results of the company’s business activities over a period of time. It also communicates how much revenue the company generates during a period and what cost it has incurred that connects with generating that revenue. The interest expense for the fiscal year of 2011 was $343 million and for 2010 was $409 million. The amounts that are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the fiscal year of 2011 are commercial paper borrowings was $393 million, borrowings was $2,350 million, and reduction of borrowings was $1,096 million. Under Note 9: Borrowings, there is an outline for each of the notes ayables. Commercial paper debt outstanding, which is a short term unsecured promissory notes issued by companies, was at $1. 6 billion by October 1, 2011. In February 2011, the company agreed to another four-year $2. 25 billion bank facility with a group of leaders which will mature by 2013. At the end of the fiscal year, the company has a shelf registration statement which allows the Walt Disney Company to issue various types of debt, for example fixed or floating rate notes, US dollar or foreign currency, redeemable notes, global notes, and dual currency. Another note payable is U. S. Medium Term Note Program where the total debt outstanding was $8. 4 billion. The maturities of current outstanding borrowings rang between one to eight two years and the interest rate ranges from 0% to 7. 55%. European Medium Term Note Program is another note for the issuance of various types of debt that include fixed or floating rate notes, U. S. dollar or foreign currency denominated notes, redeemable notes, or dual currency notes. It matures in 2013 and has an interest rate of 1. 65%. Next, is Other Foreign Currency Denominated Debt where the company has a credit agreement in Canadian dollars which matures in 2013 and has an interest rate of 1. 42%. Lastly, Capital Cities/ABC Debt has an outstanding balance of $114 million, matures in 2021, and has an interest rate of 8. 75%. Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method? Walt Disney Company issued corporate 30 year bonds in this fiscal year. These bonds are high quality long term and are worth $600 million. A note payable is a written agreement between a lender and a borrower to pay stated sums of money at future dates, classified a current or non-current of the balance sheet date. Bonds payable are a long term liability account containing the face amount, par amount, or maturity amount of the bonds issued by a company that are outstanding as of the balance sheet date. If the coupon rate of a bond matches with the market rate of interest when the bonds are actually sold to investors, then the bonds will sell at par value. Bonds are issued at a discount when the coupon interest rate is below the market interest rate which leads to the company receiving less cash than the face value of the bonds. A bond will trade at a premium when it offers a coupon rate that is higher than current interest rates. When bonds are sold at a discount or premium, the interest rate is adjusted from the face rate to an effective that is close to the market rate when the bonds were issued. It is important to amortize the discount or premium bonds over the life of the bonds by using the straight line method which allocated a fixed portion of the bond discount or premium each interest period to adjust the interest payment to interest expense. When a bond is sold at a discount, the amount of the bond discount is amortized to interest expense over the life of the bond. According to Investopedia, the effective interest method is the practice of accounting for the discount at which a bond is sold as an interest expense to be amortized over the life of bond (Investopedia, 2012). In other words, the effective interest method is a technique for calculating the actual interest rate in a period based on the book value at the beginning of the accounting period. Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a sales-type lease and a direct financing lease? Walt Disney Company carries a capital lease obligations of $288 million in the fiscal year of 2011 and $224 million in the fiscal year of 2010. They have non-cancelable capital lease which is mainly for land and broadcast equipment. The future payments for the leases are as followed: 2012 $70 2013 $59 2014 $51 2015 $60 2016 $27 Thereafter $519 Total minimum obligations $786 Less amount representing interest ($480) Present value of net minimum obligations $306 Less current portion ($18) Long-term portion $288 (The Walt Disney Company, 2012) In order for a lease to be considered a capital lease the four criteria are [1] title of the asset passes automatically from the lessor to the lessee at the end of the lease term, [2] lease contains a bargain purchase option under which the lessee may acquire the leased-asset at less than its fair market value of the end of the lease terms, [3] lease term is for a period longer than 75% of the estimated economic life of the asset, or [4] the present value of the lease payments is greater than 90% of the fair market value of the asset at the beginning of the lease term. The additional conditions for the lessor are [1] the collectability of minimum lease payments is assured and (2) no important uncertainties surround the amount of un-reimbursable costs yet to be incurred. Sales-type lease is a lease where a company rents its own assets that it needs to run its business. This lease is used when a manufacturer is leasing a property or the usage of property. Because the lessee receives the use of property in exchange for payments and assumes the liability for the asset, the lease looks like the purchase of an item. However, the lessor expects the lessee to return the equipment or provide payment for its purchase when the expiration of the lease is up. On the other hand, direct financing lease is a lease agreement where the lessor obtains equipment for the purpose of leasing it and generating revenue through interest payments. The lessor is not a manufacturer or dealer and the lessor purchases the property only for the purpose of leasing it. The main difference between sales-type leases and direct financing lease is the value of the lease in relation to the property. In a sales-type lease, the lessor records a profit or loss on a property based on the amount of payments received. On the contrary in the direct financing lease, the lessor only earns profit on the interest from sending out payment amounts. Today, Walt Disney Company operates under a new and reengineered model that has worked to increase revenues by creating and exploring original across their five business segments. The company is developed on tradition with a well-defined vision for the future and continues to distinguish itself among other companies. As the company moves forward, they have a solid financial profile which will provide the company constant financial flexibility. Bibliography Investopedia. (2012). Retrieved August 2012, from Effective Interest Method: http://www. investopedia. com/terms/e/effective-interest-method. asp#axzz23eVWKTSl The Walt Disney Company. (2012, January). Retrieved August 2012, from Fiscal Year 2011 Annual Financial Report and Shareholder Letter: http://cdn. media. ir. thewaltdisneycompany. com/2011/annual/WDC-10kwrap-2011. pdf Study Test Time. (n. d. ). Retrieved August 2012, from Methods of Valuation of Goodwill: http://www. studytesttime. com/about-goodwill/10-methods-of-valuation-of-goodwill How to cite Course Project – Walt Disney, Papers

The Educational Philosophies Of Existentialism And Social Reconstructionism Essay Example For Students

The Educational Philosophies Of Existentialism And Social Reconstructionism Essay Esteemed philosopher and writer Jiddu Krishnamurti is quoted saying â€Å"There is no end to education. It is not that you read a book, pass an examination, and finish with education. The whole of life, from the moment you are born to the moment you die, is a process of learning†. It is my educational philosophy that learning is innate and instinctual. I believe that learning should focus on the whole student and making them a well-rounded individual. I believe in the educational philosophies of existentialism and social reconstructionism. Learning should be student centered with the teacher as a helping hand and a guide. Data shows that students are more successful in classroom settings that are not stressful. The less teachers and administrators mention and focus on testing, the more likely students are to excel. Students in private school settings that do not require standardized testing do just as well as students who are required to take standardized testing. I do not believe students should only learn with the intention of making good scores on end of the year tests. While some method of evaluating progress is necessary, evidence shows that standardized testing is not the only or even perhaps the best option. Maria Montessori believed that students can be assessed as they are learning if a teacher is paying proper attention. She believed that an effective teacher can essentially see when a student has discovered and mastered a skill. Because the world is a diverse place, classrooms should be diverse in talents, cultures, and learning abilities. Effective teachers incorporate activities that promote and encourage students to interact with peers who are different from them. An example of encouraging cultural diversity is being s. .earning through the use of stations. It would be as simple as creating QR codes that open lessons. Technology can be a good way to decrease how much paper is used, which will encourage students to be environmentally conscious as well. Learning is a life skill. I believe in the philosophies of existentialism and social reconstructionism because I believe they better prepare students to be positive members of society who are self-reliant and can make life decisions wisely. I believe learning should focus wholly on the molding of future members of society. I encourage teachers who believe education should be teacher-centered to remember that our students are our future and that teaching is a service just the same nursing or firefighting. It is our job as effective teachers to keep the focus on who we are serving, and that is the students we are trusted with every day.