Holbein vs Il Guercino :: Essays Papers

Holbein vs Il Guercino Most museum-goers would say that the artwork they are looking at is "impressive" or "interesting", but they would not usually be able to tell you why they think so. This is because, even though they hold that different pieces of work are equally beautiful, it is not often that the inexperienced eye would truly realize exactly what makes each work unique. Some of these factors include the period in which the work was done, the techniques used, and the overall emotion that the work displays. Even though these are not usually the first things that the average museum-goer thinks of, they are surely some of the most significant reasons for why art attracts so many different people with a variety of tastes and interests. Two excellent examples of how these aspects add to the magnificence of a painting while still retaining each work's uniqueness can be seen in comparing Sir Thomas More, by Hans Holbein the Younger, and Sampson Captured by the Philistines, by Guercino. These two paintings are both masterpieces in their own respects, displaying the exceptional talents of the artists and encompassing the nature of paintings during their time. Sir Thomas More, painted in 1527, is a portrait done by Hans Holbein the Younger. The portrait shows Sir More posing still, from the waist up, seated in front of green drapery, with one arm lightly resting on a type of wooden panel. This painting accurately encompasses the civil situation and spirit of the Renaissance in the North. Since religious art was traveling in a downward spiral due to the Protestant Reformation, artists were forced to look for other types of commissions. Because of the improving economy, middle-class citizens started making more money and began to commission portraits of themselves. Holbein was forced to leave his home to find work in England, where he first met Sir Thomas More and portrayed several other great humanists of the time. Holbein's painting of Sir More displays the intricate details, definite lines, rich colors, and illusionism that are associated with the Northern Renaissance. The details in this painting are countless. The individual strands of hair at Sir More's hairline, the wrinkles on his knuckles, the easily observable difference between the color of his irises and his pupils, and the "SS" chain around his neck are all details that may be easily overlooked if one was not thinking about it.

Addressing International Legal and Ethical Issues Simulation Summary Essay

Conducting international business can be a profitable endeavor but requires a lot of tact and strategy. In international business legal issues may arise but must be resolved in order to retain the relationship. This problem includes but is not limited to changes in legislation, clashes of interest, ethical dilemmas, cultural and ethical differences. When entering into an agreement with another country legal agreements must be drafted to protect the company interest. Consideration must be made of the countries culture and ethical differences. The process of sublicensing can be positive for CadMex. However, the process consumes an incredible amount of time and money. Sublicensing could also violate the non-disclosure agreement. Local customs in laws can conflict with in organizations customs in laws when operating abroad. When this occurs the laws that were specified in the contract should prevail unless there is a CIGS (contracts for the international sale of goods) which is been used by default. See more: Experiment on polytropic process Essay When issues arise alternative dispute resolution (ADR) can be used it is a means for resolving disputes between parties outside of the judicial process using one of four techniques mediation, arbitration, negotiation, or collaborative law. Mediation is the use of a neutral party to resolve the dispute between two or more parties. Arbitration is the resolving of a dispute between parties through the use of an agreed upon party. Negotiation is when the parties have a mutual discussion and arrangement of terms of an agreement. Domestic issues are usually easier to resolve then international issues. Domestic issues do not require the same strategy or consideration does international issues. Domestically the laws are the same but international laws vary from country to country. Contract terms must be defined very explicitly. Sensitivity must be developed and exercised to accommodate local cultures and customs. Laws must also be clearly defined as you leaving as they are part of what can lead your business to success or failure. Addressing International Legal and Ethical Issues Simulation Summary Essay * What are the issues involved in resolving legal disputes in international transactions? All contracts that deal with outside countries must be able to have some type of legal implementation (Melvin, 2011). There has to be some type of enforcement on the contract or it may never be resolved. * What are some practical considerations of taking legal action against a foreign business partner based in another country? According to (Melvin 2011); a country can stop all transactions from that business if they file lawsuit on that country. The law of other countries must be taken into consideration when dealing in foreign business. The United States laws are only upheld within the United States borders and may not be respected in a foreign country. Contracts are only binding if they have the backing of the law in whatever county or countries they are made in. See more: Strategic Management Process Essay * What factors could work against CadMex’s decision to grant sublicensing agreements? Sublicensing agreements comes into play when the organization has too many of them and does not fully incorporate sub-paragraphs. This leaves the organization up for lawsuits if any of the contracted workers do something wrong and also makes the main organization fully liable for any damages. Even workers within the sublicensing can sue a business formed within the sublicensing agreement (Melvin, 2011). * When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why. Situations should be handles on a one on one basis. Sometimes special considerations need to be taken to accommodate certain employees due to religious beliefs. In such cases the local laws should prevail in order to prevent a costly and drawn out lawsuit with employee unions. Negotiating and coming to an accord amongst the two would be the best option as well as revising company policy to cater to local customs and laws without losing essentials to company policy. * How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently? The issues in the simulation are faced in the United Stated everyday by many corporations. The Human resource department of each company is designed to handle such problems when and should they arise. Domestic issues are resolved easier than international issues because they are resolved according to the law of the United States. However when in international waters a corporation (even if it is American) must adhere to the laws of the country it is conducting business in. Litigation and alternative dispute resolution options will apply.

Classical Conditioning And Operant Conditioning - 1146 Words

In order to comprehend B.F Skinner and Ivan Pavlov theories, it necessary to first describe the matter in which they are derived from, that is learning. â€Å"Learning is any relatively permanent change in behavior produced by an experience.† There are different kinds of ways that people and animals learn. People can adjust the way they learn to the different situations in which they are learning and what they have to learn. One form of learning is known as conditioning. Conditioning stresses the relationship between stimuli and responses. The two types of conditioning found are Classical conditioning and Operant conditioning. As stated before, learning may occur in different ways but Classical and Operant conditioning are two of several theories on learning which take the behaviorist approach. â€Å"Classical conditioning is an association of one event with another that results in a pattern of behavior.† Operant conditioning however, is â€Å"learning that takes place as a consequence of behavior.† Classical Conditioning is a type of learning in which an organism learns to transfer a natural response from one stimulus to another, previously a neutral stimulus (Psychology Today). However, reflexes must be manipulated. The term unconditioned simply means that the stimulus and the response are naturally connected and produces an emotional response already present before changes have been made (Psychology Today). Classical conditioning is most commonly associated with Russian psychologistShow MoreRelatedClassical Conditioning And Operant Conditioning1204 Words   |  5 Pagesknown as classical conditioning and operant conditioning. These forms of learning are very practical and can be seen and used in everyday life. Classical and operant conditioning are different forms of learning which have importance in everyday life and can be found in advertising, PTSD, and even lifestyle changes. To fully understand the importance of classical and operant conditioning, it is important to first understand what they are and how they are different. Classical conditioningRead MoreClassical Conditioning And Operant Conditioning1492 Words   |  6 Pages To expand upon the concepts of the two forms of conditioning listed above, three additional principals not previously listed for the sake of convenience are present in both forms of conditioning; these three principals-extinction, spontaneous recovery, and stimulus discrimination-are among the number of basic principals of conditioning that are found in most forms of conditioning. To explain, Extinction refers to the process by which the steady weakening or diminishment of a conditioned responseRead MoreClassical Conditioning And Operant Conditioning1249 Words   |  5 Pagestwo stimuli or a behavior and a learned stimulus. Associative learning is divided in to two central techniques, classical conditioning and operant condition. Classical and operant conditioning are basic methods of learning and conditioning is used to adapt a behavior or association through a stimuli or consequence (Ciccarelli, 2012). While classical conditioning and operant conditioning are key elements in associative learning, they have significant differences. A clear contrast between the two theoriesRead MoreClassical Conditioning And Operant Conditioning1693 Words   |  7 Pagesexamples of their work, as well as an exploration into the advantages and disadvantages that some of these approaches possess. Behaviourism is a theory of learning based upon the idea that all behaviours are attained through conditioning. Behaviourists believe conditioning occurs when we interact with the environment and that the environment we are in determines the way we respond to a stimulus. The behaviourist approach believes we learn behaviours through association between response and consequenceRead MoreClassical Conditioning And Operant Conditioning913 Words   |  4 PagesClassical Conditioning and Operant Conditioning There are two learning processes that are used, classical condition and operant conditioning. One learning process used is classical conditioning. Classical conditioning is a learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response. I found two TV commercials that are excellent examples for classical conditioning. The first commercial I found is an Old Spice commercialRead MoreClassical Conditioning And Operant Conditioning883 Words   |  4 Pagesexperiments conducted by Ivan Pavlov, B.F Skinner, and various others, our learning process can be--and normally is--significantly influenced by the social and physical world around us. Two particular examples of this are classical conditioning and operant conditioning. â€Å"Classical conditioning occurs when a natural stimulus produces a response after being paired with a stimulus that naturally produces a response† (Schacter). For example, in horror movies suspenseful music tends to precede dramatic eventsRead MoreClassical Conditioning And Operant Conditioning959 Words   |  4 Pagesthrough the experience of something. Two important associative learning styles that I learned that grasped my attention are classical conditioning and operant conditioning. These forms of learning are used everyday, and with that, people can categorize their certain behavior into places in which they fall in. The first type of associative learning is classical conditioning, which was discovered by Ivan Pavlov during an experiment. It is a learning process where a neutral stimulus becomes associatedRead MoreClassical Conditioning and Operant Conditioning1189 Words   |  5 Pagessimilarities between Classical conditioning and Operant conditioning? Many people believe that Classical and Operant are similar. Several people don’t know what the similarities and differences of Classical and Operant are, several people think it is the same learning method, which in this case I’m going to compare and contrast each behavior and give you information about each one, so you could have a better understanding of each method and what they do. Classical and Operant are very similar to eachRead MoreBehaviorism And Classical Conditioning And Operant Conditioning Essay1504 Words   |  7 Pagesfounders of the theory who are John B. Watson and B. F. Skinner. However, the information will foc us more on their early education and known achievements. Furthermore, you will find different theories regarding behaviorism such as classical conditioning and operant conditioning. In order to understand the difference and similarities between the two of them examples have been provided. To fully comprehend in what Behaviorism consists of, modern applications examples of the theory have been also includedRead MoreClassical Conditioning Vs. Operant Conditioning Essay1088 Words   |  5 Pages 1. a) Define Classical Conditioning and Behaviorism. b) Identify the two major characteristics that distinguish classical conditioning from operant conditioning. Classical Conditioning is a type of learning process of an individual when they come in contact with certain stimuli. According to Pavlov, a Russian psychologist, he developed several experiments on learning and he discovered that classical condition is the basic form of learning for an individual. However, according to Pavlov, behaviorism

How to Find the PHP Document Root

The PHP document root is the folder where a PHP script is running. When installing a script, web developers often need to know the document root. Although many pages scripted with PHP run on an Apache server, some run under Microsoft IIS on Windows. Apache includes an environment variable called DOCUMENT_ROOT, but IIS doesnt. As a result, there are two methods for locating the PHP document root. Finding the PHP Document Root Under Apache Instead of emailing tech support for the document root and waiting for someone to respond, you can use a simple PHP script with getenv (), which provides a shortcut on Apache servers to the document root. These few lines of code return the document root. Finding the PHP Document Root Under IIS Microsofts Internet Information Services was introduced with Windows NT 3.5.1 and has been included in most Windows releases since then—including Windows Server 2016 and Windows 10. It does not supply a shortcut to the document root. To find the name of the currently executing script in IIS, begin with this code: print getenv  (SCRIPT_NAME); which returns a result similar to: /product/description/index.php which is the full path of the script. You dont want the full path, just the name of the file for SCRIPT_NAME. To get it, use: print realpath(basename(getenv(SCRIPT_NAME))); which returns a result in this format: /usr/local/apache/share/htdocs/product/description/index.php To remove the code referring to the site-relative file and arrive at the document root, use the following code at the beginning of any script that needs to know the document root. $localpathgetenv(SCRIPT_NAME);$absolutepathrealpath($localPath);// fix the Windows slashes$absolutepathstr_replace(\\,/,$absolutepath);$docrootsubstr($absolutepath,0,strpos($absolutepath,$localpath));// an example of useinclude($docroot./includes/config.php); This method, although more complex, runs on both IIS and Apache servers.

People Who Made Difference And Movie Industry - 932 Words

People who made difference to movie industry Walt Disney Most of us know Walt Disney as the creator of Mickey mouse and the Disney Land, but his impact on entertainment industry goes way beyond cartoons and theme parks, Disney changed our world all together. Walt Disney, a Chicago boy who took Hollywood by storm, changed family entertainment. Not only was he the first to make full-length animated films, but he did so with critical acclaim and financial success. Few other films that are thirty to forty years old can still play nationwide in movie theatres or sell hundreds of thousands of video copies. The work of Walt Disney continues sixty years later with Beauty and the Beast, which was nominated for an Oscar award last year, and†¦show more content†¦Whether in the form of stickers, posters, wall papers Disney characters are what resembles the children’s world. Steven Spielberg DreamWorks Studios originally founded in 1994 by Spielberg, Jeffrey Katzenberg, and David Geffen. Centre of the DreamWorks was Spielberg, around whom the company revolved, and the living mascot for the artist-friendly studio. His blockbusters such as Jaws, E T and Indiana Jones have set a new record. Spielberg has been the most financially successful motion picture director of all time. He directed and/or produced an astounding number of major box office hits, giving him great influence in Hollywood. Since 2004, he is listed in Premiere and other magazines as the most powerful and influential figure in the motion picture industry. In 1993 Spielberg released the movie Jurassic Park. This film eventually became the highest grossing film of all time at the worldwide box office with $914.7 million. J.K Rowling and Warner Bros. (Harry Potter) Harry Potter became phenomenon that has completely redefined the way Hollywood perceives children’s fantasy books. Eleven years ago, there was significant uncertainty as to whether J K Rowling’s boy wizard could spin his magic on a wider movie-going

Accounting for Business Decisions Woodside Energy Limited

Question: Discuss about theAccounting for Business Decisionsfor Woodside Energy Limited. Answer: Introduction Woodside Energy Limited is an Australian based oil and gas company that is actively involved in exploration, production and supply of oil and gas. The company in Australia conducts floating production, storage and offloading vessels. The company operates its activities on an international level and is recognized around the world for providing world-class capabilities. Woodside is mainly involved in developing and marketing LNG, crude oil, condensate, LPG and pipeline natural gas. The company being established in the year 1954 has a wide global presence including Ireland, New Zealand, Spain, the Republic of Korea and Peru (Woodside, 2016). The company has attained a distinctive position in the oil and gas sector through its unique capabilities and maintaining strong relationships with all its stakeholders. The companys strong balance sheet and cash flow statement reflects its sound financial performance in the oil and gas sector. It has achieved operational effectiveness through enhan cing the life of its developing assets and maintaining its contingent resources. The company places strong focus on developing its distinctive competencies across the oil and gas value chain for establishing world class projects. Woodside Energy has a good growth record in designing, construction and operation of world-class LNG plants, seismic acquisition, subsea technology and deepwater drilling (Woodside, 2016). The company implements the use of innovative technologies such as floating LNG, near-shore liquefaction and modular liquefaction, subsea and seismic processing for manufacturing innovative products and services for achieving customer satisfaction. Woodside also aims to reduce its operational costs through developing remote operations from Perth-based Puto support centre. It is also strongly focusing on enhancing its exposure in emerging petroleum provinces and seeking to expand its portfolio for maximizing shareholder value. The company strives to maintain a workplace culture that has imbibed values such as integrity, respect, working together, discipline and working sustainably. The strong corporate values of the company have enabled it to strengthen its brand image across the world thus promoting its long-term growth and development (Woodside, 2016). The present report aims to analyze and examine the financial statements of Woodside Energy Limited for identifying the strengths and weakness in the companys financial position. The report developed is also highly beneficial for the investors for providing them complete information about the financial position that enables them to take decision regarding holding, buying or selling its shares (Annual report: Woodside Energy Limited, 2015). Interpretation of Financial Statements of Woodside Energy Limited of year 2015 Analysis of financial statements using analytical tools helps the users of financial statements to gather important information about the performance of company (Needles, 2012). There are various financial tools that are used to interpret the financial performance of company. Some of financial tools are ratio analysis, trend analysis, SPSS etc. In this repot trend analysis will be implied to make comment on the financial performance of Woodside Energy Limited. Woodside Energy Limited publishes their annual report every year and for this report, annual reports of year 2014 and 2015 have been used to make the analysis. Every annual report contains audited financial statements of the company and they are supported by the notes to accounts. Financial data of year 2014 will be compared with financial data of year 2015, so that trend analysis can be performed (Stone, 2003). The four main financial statements that are presented in the annual reports are Statement of Financial Position, Statement of Profit and Loss, Statement of Cash Flow and Statement of Change in Equity. All these financial statements contain various items that tell the financial performance of the company. Statement of Financial Position This statement is regarded as the most important statements in all of the four statements as it reflects true picture of company financial health in that year. Statement of financial position shows all the values of liabilities and assets that have taken in particular year along with remaining balances of previous year. This statement is also known as Balance Sheet as this statement is based one on the important accounting equation. That accounting equation is Liabilities + Equity = Assets. As per this equation the values of all liabilities and equity capital will always be equal to assets present in the company. Some of the major items that are contained in the balance sheet are current assets, current liabilities, shareholders equity and long term assets. AASB has issued the specific format of prepare the balance sheet and every listed company needs to follow the same. It is mandatory to prepare the financial statement in accordance with the IFRS issued by the IAB (Needles, 2012). The important items of statement of financial position in context to year 2014 are compared with figures of year 2015, so that increase or decrease can be found and reported. Assets represent the company wealth and company must try to increase the value of assets so that their wealth should also get increased. On the other hand liabilities represent the companys obligation therefore they must be paid as early as possible (Stone, 2003). Trend Analysis in the Statement of Financial Position Of Woodside Energy Limited Major items of balance sheet 2015 2014 Net Increase of Decrease in value % Increase or Decrease in respect to year 2015 Total Assets $23,839.00 $ 24,082.00 $ (243.00) -1.01% Current Liabilities $ 1,304.00 $ 1,941.00 $ (637.00) -32.82% Current Assets $ 1,079.00 $ 4,042.00 $ (2,963.00) -73.31% Total Non-Current Assets $22,760.00 $ 20,040.00 $ 2,720.00 13.57% Total Non Current Liabilities $ 7,510.00 $ 5,482.00 $ 2,028.00 36.99% Shareholders Equity $15,025.00 $ 16,659.00 $ (1,634.00) -9.81% As per the above table it can be said that year 2015 was proved to worst year for the Woodside Energy Limited as there was major collapsed in the capacity of the company due to international downfall of commodities prices. The value of current assets has been reduced to 1079 million dollar in year 2015 as compare to 4042 million dollars in year 2014, showing an overall downfall by 73.31%. As compare to current assets there was not much downfall in the value of current liabilities in year 2015. The value of current liabilities has moved by only 32.82 % that shows current ratio has moved downwards in year 2015 as compare to year 2014. The value of shareholders equity has also moved downwards due to change in value of various reserves that company has created for future expansion plans (Annual report: Woodside Energy Limited, 2015). Statement of Change in Equity The financial statement related to change in equity shows the balances of various items that make up the value of shareholders equity. Some of the major items are issued capital, foreign exchange reserves, retained earnings etc. This statement is highly important as provides information about the major components that are involved in making the equity capital. It shows all the major items that make up the net worth of company as it represents total assets less total liabilities. Trend Analysis in the Statement of Change in Equity Of Woodside Energy Limited Major items in statement of change in equity 2015 2014 Net Increase of Decrease in value % Increase or Decrease in respect to year 2015 Equity Share Capital Issued $ 5,064.90 $ 4,850.10 $ 214.80 4.43% Number of Shares 822,943,960 822,771,118 172842 0.02% Foreign Currency Reserve $ 776.00 $ 773.00 $ 3.00 0.39% Retained Earnings $ 6,743.00 $ 8,447.00 $ (1,704.00) -20.17% Non Control Interest $ 799.00 $ 783.00 $ 16.00 2.04% Employee benefit Reserves $ 187.00 $ 161.00 $ 26.00 16.15% The above table list down all the major components that form the value of shareholders equity of Woodside Energy Limited. Having looked the table it can be said that there some minor changes in the items of statement except in case of retained earnings. The value of retained earnings has been decreased by 20 %in year 2015 that shows that company has suffered the great deficit in the net profits of the company (Baker and Powell, 2009). The management of Woodside Energy Limited has also decided to increase the amount of reserves in respect of Employee Benefits (Annual report: Woodside Energy Limited, 2015). Statement of Profit and Loss Account The statement of profit and loss account shows the balances of items that show the company profitability position over the period of time. It shows the balances of revenue, cost of goods sold, net income tax paid, net income, Earning per share etc. This statement is very useful for the investors as it shows efficiency of the company in earning the profits. Performing trend analysis on the profit and loss statement helps the management to forecast the value of future earnings (Stice, Stice, and Swain, 2007). Trend Analysis in the Statement of Profit and Loss Of Woodside Energy Limited Major items 2015 2014 Net Increase of Decrease in value % Increase or Decrease in respect to year 2015 Revenue $ 5,030.00 $ 7,435.00 $ (2,405.00) -32.35% Cost of Goods Sold $ 3,073.00 $ 2,883.00 $ 190.00 6.59% Earning per Share (In US Cents) $ 3.20 $ 293.40 $ (290.20) -98.91% Income Tax $ 112.00 $ 1,061.00 $ (949.00) -89.44% Finance Cost (Interest) $ 89.00 $ 178.00 $ (89.00) -50.00% Net Income $ 113.00 $ 2,516.00 $ (2,403.00) -95.51% Above table contains all the major items of profit and loss account of Woodside Energy Limited in year 2014 and 2015, along with increase or decrease in balances. On making the overall analysis of the profit and loss account it can be said that Woodside Energy has suffered great downfall in the revenue due to poor market conditions and low performance of management. It can be said that management has not taken any decision regarding the influence of international change in commodities prices (Adams, 2006). There has been 32.35% downward shift in the total revenue of company that reflects the poor profitability position in past few years. It is interesting knows that despite of fall in fall in total revenue, the cost of good sold has risen up by 6.59% and it can be said worst situation for the company in year 2015 (Annual report: Woodside Energy Limited, 2015). Statement of Cash Flow Cash flow statement tends to analyze the cash generated or used by operating activity, financing activity and investing activity (Needles, 2012). Operating activity list downs the items that are directly related to the core business activities and it only shows actual movement of cash in the company. Financing activities list down the items that are related with financing of business such as issue of share capital, issue of debt bond, dividend paid etc. Investing activity list down the items that show the investments made by the company in fixed assets, financial securities and also lists the sales proceed from sale of all these assets. Trend Analysis in the Statement of Cash Flow Of Woodside Energy Limited Major items 2015 2014 Net Increase of Decrease in value % Increase or Decrease in respect to year 2015 Net cash inflow (outflow) from operating activities $ 2,376.00 $ 4,785.00 $ (2,409.00) -50.34% Net cash inflow (outflow) from financing activities $ (58.00) $ (3,119.00) $ 3,061.00 -98.14% Net cash inflow (outflow) from investing activities $ (5,456.00) $ (617.00) $ (4,839.00) 784.28% Net increase (decrease) in cash during the year $ 122.00 $ 3,266.00 $ (3,144.00) -96.26% This table clearly shows the cash generated or used by all three activities performed in Woodside Energy Limited. There was about 50% downfall in cash provided by the operating activity and it was normal looking at the profitability performance of the company in year 2015. Management at Woodside Energy Limited has decided to expand the business and lower the expenses, therefore they have invested quite a huge amount in plant and machinery and it was about 784% more than previous cash value. Cash used by the financing activity has also got reduced by 98 % and it clearly tells that company has not paid any borrowing in year 2015 (Annual report: Woodside Energy Limited, 2015). Recommendations The company financial condition has been declined in the year 2015 as evaluated from reviewing its financial statements. The company is provided following recommendations for raising its financial performance in the future. In this context, the company is regarded to create strategic fit between its aims and objectives and the financial resources available. This can be attained by the company by prioritizing its value chain activities and eliminating the non-value adding activity from its supply chain. This will largely prove to be beneficial for the company in reducing its operational cost and maximizing its effectiveness. The companys profitability has been largely negatively impacted by the downfall in the international oil and gas sector in the year 2015 (Stice, Stice, and Swain, 2007). As such, it needs to implement effective strategies for minimizing its operational cost for maximizing its performance. Thus, aligning the companys strategic objectives with the financial resource s would enable it to lower down its cost of goods produced thereby enhancing its profitability. In addition to this, as analyzed from the financial statements review of the company it incorporates larger debt proportion in the capital structure as compared to that of issuing equity shares. This is not a positive sign for the companys growth in the future context as it will increase its financial leverage. The increase in financial leverage can impact the companys ability to cover up its debt obligations in case of occurrence of any contingency condition. In this direction, the company is recommended to increase shareholders equity and reduce debt obligations in developing the capital structure. This will help the company to reduce the business risk and thus improve its profitability position. The companys reserves and retained earnings are also not increasing as analyzed from its financial statements review. This can prove to be harmful for the company to meet its debt obligations in the future context. The company is thus recommended to implement strong measures for improving its reserves and retained earnings. Conclusion The overall discussion held in the report inferred that Woodside Energy Limited financial performance is declining recently. The main reason responsible for the decrease in share prices of the company is reduced profitability of oil and gas sector on an international level. This is impacting the companys performance as well causing a strong decline in its profitability as can be seen from its financial statements of the year 2015. The company is thus recommended to take effective steps in the report for improving its financial performance in future context. On the basis of the financial position analyzed, it can be stated that investors should not buy the shares as its profitability position is predicted to decline in the future. This can be seen from the negative growth trend of oil and gas sector internationally that will cause a decline in the profitability position of Woodside Energy Limited. The main aim of developing the report is fulfilled by reviewing the different items of t he financial statement of the company so that its performance can be assessed and economic decision can be drawn. Financial statements analysis has provided all the information regarding the financial position, changes in equity, performance and cash generated by the company. All these details would prove to be largely beneficial for the investors to make the opinion on investment decision and act as proper guide to them. References Adams, D. 2006. Management Accounting for the Hospitality, Tourism and Leisure Industries: A Strategic Approach. Mason: Cengage Learning. Annual report 2015. Woodside Energy Limited. [Online]. Available at: www.woodside.com.au/Investors.../17.02.2016%202015%20Annual%20Report.PDF [Accessed on 23 September, 2016]. Baker, H. K. and Powell, G. 2009. Understanding Financial Management: A Practical Guide. Oxford: John Wiley Sons. Needles, B. E. 2012. Principles of Accounting. Cengage Learning. Stice, J. D., Stice, E. K. and Swain, M. R. 2007. Accounting: Concepts and Applications: Concepts And Applications. Cengage Learning. Stone, P. 2003. Understanding Financial Accounts: Understanding the Principles and Practice of Accounting - from Book-keeping to VAT. United Kingdom: How To Books Ltd. Woodside. 2016. [Online]. Available at: https://www.woodside.com.au/About-Us/Pages/Strategy.aspx#.V-a8oIh97Mx [Accessed on: 25 September 2016].

Chances by Five For Fighting free essay sample

I tend to stray on the unrealistic side of things. I’m a dreamer, what can I say? When I fall for someone, I fall hard and immediately start thinking about what the future could hold with them. I realize this is not the healthiest perspective to always hold, but at times I can’t help it. Once you become a â€Å"hopeless romantic† it is hard to change that. However in eleventh grade I started to realize it might save me from getting as hurt if I started to look at things more realistically. I was in my first real relationship and I could tell it was coming to an end as much as I didn’t want it to. It was around this time I rediscovered an old song I used to listen to on repeat while I was in middle school. Back then, I didn’t listen as much to the lyrics but listening to it again I realized the message it was sending and it was just what I needed to hear at the moment. We will write a custom essay sample on Chances by Five For Fighting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The song was â€Å"Chances† by Five For Fighting, and unlike myself, it took the more realistic side of relationships. It basically had the attitude that I needed to have and still need to have, but still find it hard to. In this song the guy is involved with a girl and they both are very into each other and obviously want what they have to work out. However, the guy seems to realize he can’t get too ahead of himself and get his hopes too high because eventually they will likely grow apart from each other and go their separate ways. This was basically what was happening to me with my ex, and this song helped me to realize that no matter how much I can dream about what I want to happen, I need to focus on what is happening and let it go if it needs to go. In fact, one of my favorite lyrics from this song is â€Å"nothing lasts forever no matter how it feels today†. I really don’t think that line could be more true; in the moment with someone you may be abl e to see a whole future with them, but it is likely that down the road something will change and that â€Å"forever† that you dreamed about will come crashing down with reality. However, the last part of this song focuses on those rare occasions when this person you’re with now does turn out to be your future and all you dreamed of. There are those instances when that happens, and it happens because you took a chance on it. Whether or not you are a dreamer or a realist, you need to take chances in life to find love. It does help to keep things in perspective so it hurts less if it doesn’t work out, but there is always the possibility it will work out. As the song ends, â€Å"chances are waiting to be taken†¦Ã¢â‚¬  and those chances waiting for us could turn out to be what we’ve always dreamed of.