Finance Essay Example | Topics and Well Written Essays - 750 words

Finance - Essay Example The basic constituents of balance sheet are identified as the net worth of assets, equity of the owners or the stockholders and the liabilities held by the organization for a particular fiscal year. In this similar context, the assets which are taken into concern in the balance sheet of an organization include cash, stock or inventory, bills receivable, tangible properties (e.g. plant, machinery and buildings) and goodwill. In this context, the goodwill is viewed to be a kind of intangible asset and appears in the assets side of the balance sheet. Arguments concerning the calculation of goodwill and its inclusion in the asset side of a balance sheet have consequently given rise to certain questions which also requires to be considered by managers dealing with company finances (Zions Bank, n.d.). The key components of income statement of an organization include revenue, operating expenses (both direct as well as indirect), depreciation, operating profit, net income, earnings per share , gross and its corresponding net profit. In this regard, only the indirect expenses appear in the income statement as the expenditures are indirectly related with the making of goods which again gives rise to certain questions concerning the reasons to avoid including direct expenses. The income statement usually delivers an exact picture of the incomes as well as the expenses incurred by the business and also determines their profitability along with business performance (Wall Street Prep, n.d.). Challenges in Interpreting Financial Statements Managers entitled to perform the financial recording of an organization are often examined to face daunting problems or challenges while interpreting the financial statements in order to make efficient financial decisions. The reasons fundamentally include extremely competitive business conditions, composite business transactions, requirement to comply with composite accounting rules and regulations, inefficient reporting from subordinates a nd huge compliance expenditures. In this regard, one of the most apparent challenges which are frequently faced by the managers in interpreting financial statements is the obligation to follow specified auditor norms which if misrepresented can even necessitate financial restatements. Consequently, the reporting failures as a form of financial restatements pose considerable impact upon the organizations by affecting their financial position to a large extent (DeZoort, n.d.). The other challenge which might be faced by the managers while preparing financial records indicates towards the accurate determination of revenue or capital expenditures. This challenge can lead towards affecting the income statement of the organizations by a large degree. However, this challenge can be addressed by taking into concern the actual items of the revenues along with the expenditures in the income statement for the motive of evaluating profitability as well as flexibility (Wall Street Prep, n.d.). O verview of the Financial Statements of a Healthcare Organization The constituents of financial statements vary according to the business operations from one sector to another. The financial statement of UnitedHealth also reveals unique and immensely valuable information relating to the US healthcare sector. One of the imperative information which has been viewed in the 2011 financial statement of this organization is regarding the total revenue. As can be revealed from the information presented

Epicureans Definition of Pleasure Essay Example | Topics and Well Written Essays - 1250 words

Epicureans Definition of Pleasure - Essay Example Hence, Epictetus points out that we possess the capacity to function well in this area knowing that it would not lead to disappointment if we choose to cultivate any of such concerns since these occur spontaneously apart from restraint or external force that is not part of our conscious act. Then because only things within our control are subject to the actions of our choice and we are always in harmony with the willed act, it follows thus that we can bring them to cultivation to become those things that make us live a life of virtue. Epictetus particularly exemplifies â€Å"body, property, reputation, command† as things falling beyond our control and are held in possession by other human beings. This being the case, as we attempt to execute around them, then, we are more likely to acquire frustration for what we cannot control is well within the bounds of abilities employed by others whose thoughts, attitude, and goals in life are necessarily different from ours. The power we hope to apply in this regard is fleeting or temporary for by nature, there would emerge struggles in trying to gain something that bears no certainty toward real success. For instance, we may not attach ourselves fully to a property owned because once it is stolen or given over to destruction at a moment we are less able to keep watch of it, the unfortunate incident is going to cause us inevitable pain from which we would rather cultivate malice or hatred toward suspected individuals. This is chiefly the reason virtuous living cannot possibly be sought after perishable objects that are out of reach of our full control since they are more concrete compared to the immaterial principles that form our identity and beliefs which others can never claim ownership of. What we can control appears to dwell in our inner sense of being so that cultivating it serves a firm grasp of wisdom, and therefore, of virtuosity. (2) What sorts of relationships should we form with other people? How is thi s related to the issue of externals and judgment? Through a Stoic point of view, we ought to establish relationships on the basis of duties that make us recognize the essence of accountability and obligation without having to neglect the nature we seek with freedom. When we relate to others, we must not expect state of affairs that would favor our welfare even if such relations were biological and we could suppose too ideally as to hope for returns that are more than just. Other people are entitled to their own actions and so are we and on this ground, Epictetus encourages us to consider or give thought not about the wicked deed done to us by another person, instead, on the action we should take in order that we can remain disposed to acknowledge the treatment provided by our faculties regarding the person’s response. We have to accept externals as they are in nature for in this manner, we maintain the norm of keeping things settled in place. Here, we may not accuse others of wrongdoing or injustice upon us for whatever they take does not really belong to us and it is in how we prefer to see and judge their deed that brings about misery as long as we consume our energy grieving over losses in life and property that are not our own originally though we admit to having experienced them with frequency. Between a parent and a child, for example as Epictetus notes,