Thomas Mores Utopia Analysis

Thomas Mores Utopia Analysis THESIS: In this essay, we will analyze Utopias role in the common laws, the religious freedoms, and dystopia/utopia similarities throughout Mores literature. Introduction Imagine you are a sailor, sailing the vast emptiness of the ocean. To your dismay, the storm thrashes waves against your boat. You find yourself on the island of Thomas Mores Utopia Some facts about Thomas More Common Law / Commonplace / Customs The commons in Thomas Mores Utopia are drastically different from the society in which he lived. Thus, More spent most of his lifetime scrutinizing and paying considerable amounts of attention to the Englands common place and common law. Utopia and England have a few additional odd similarities worth mentioning. Religious Freedoms More wanted to unite his Catholic church. He based Utopia solely on rational principle. More designed Utopian religious freedom as a model for Europe. Dystopia or utopia Each member of Mores Utopia is cared for; however, todays generation finds the uniformity unappealing. Ralphael contradicts extreme punishments in Utopia Clear class system on the island Conclusion A. To conclude, Utopia explores ideas of common law, religious freedom, and has similarities to a dystopian society rather than Utopian. Thomas Mores Utopia Imagine you are a sailor, sailing the vast emptiness of the ocean. During your travels, you come across a storm on the horizon that at first poses no threat to you. To your dismay, the storm thrashes waves against your boat and you struggle to hold your bearings. The storm grows stronger; suddenly, you drift off into unconsciousness. When you awake, you are on an island. There are people on this island and they graciously take you in. Shockingly, they are incredibly hospitable. The people begin to tell you where you are and how their society functions. All the people are dressed almost identical and they all have a purpose and a function in their society. This island is Thomas Mores ideal fictional society, Utopia. Thomas More was not the first person to write about a Utopian society, but he did coin the term utopia which means not place in Greek. Utopia was written in Latin and published in 1516. It is said to be Thomas Mores most influential work. Mores utopian society had complete employment, the citizens are not fixated on money, and are tolerant towards others in the community (Forward). In this essay, we will analyze Utopias role in the common laws, the religious freedoms, and dystopia/utopia similarities throughout Mores literature. First, Thomas more claims that the commons (a shared system or political space whose authority is constituted by its actual commonality) in his imagined society is fundamentally diverse from the society that he lived in and the tradition in which he wrote. More copes with the established notions of commonality in his book, Utopia. Common law was on the rise and was Englands dominant legal form during the 1500s. Thus, More spent most of his lifetime scrutinizing and paying considerable amounts of attention to Englands common law. The Utopian customs include: a system of housing and city planning, a method of senatorial deliberation, a mode of dress, a manner of dining, travel practices, pre-marital courtships, garden growing, and chicken hatching. Evoking the peculiarity of the English legal system, Utopia accepts customs importance in shaping human behavior and Utopian commonwealth. (Elsky) Furthermore, More makes it clear that Utopia is meant to be his ideal vision for England. Both societies are governed by a binding force of law. Every member of these societies is required to obey the laws and face punishment if they contravene. Utopia and England have a few additional odd similarities worth mentioning as well. For instance, England and Utopia are both islands. The capital of Utopia is Amaurotum, which has a river that passes through it. This river has identical tides and bridges to the Thames river in England. England and Utopia are governed by custom. In England, common law is that custom. Unlike common law, Utopian custom offers a means of dominating other nations. Utopia is outside the realm of commonplace; thus it exports its customs carelessly. (Elsky) Secondly, Thomas More wanted to unify his Catholic church. He promoted civic peace by supporting religious freedom in his literature. More developed a plan that would manage church-state relations. This plan became a predecessor to liberal methods. As presented in Utopia, religious freedom today has Catholic, Renaissance roots. Rational principles were the foundation of Utopia. Religious freedom for Christians was favored by More when he was writing Utopia. Utopian religious freedom was designed to serve as a model for Europe. Utopus, the founder of Utopia, was doubtful of claims made to religious orthodoxy. After he seized power, he banned all religious-political conflict. He banned politically dangerous forms of religion. He required all Utopians to follow religions that promoted virtue. This limited religious freedom made Utopia a morally united society that was also spiritually diverse. Utopuss efforts made Utopia a society completely free of religiously inspired violence. Utopia stands in the shadow of communism causing most scholars to fail in appreciating Utopian religious freedom. (Kesser) To continue, Mores Utopia is meant to be a perfect civilization and yet there are countless contradictions and unjust rules on the island. Each member of Mores Utopia is cared for; however, todays generation finds the uniformity unappealing. An average day in Utopia is set up on a ridged schedule with bedtime at 8 p.m. Community members are given one article of clothing every 2 years; consequently, Fashion does not exist and eliminates a major form of self-expression. Atheists are despised on the island yet there is allegedly religious tolerance. Furthermore, Utopians are obligated to obtain a special passport to travel within their own country, but do not have complete freedom to travel. (Forward) On occasion, there is an alarming, somewhat unsettling note: There are also no wine-taverns, no ale-houses, no brothels, no opportunities for seduction, no secret meeting places. Everyone has his eye on you, so youre practically forced to get on with your job, and make some proper use of your spare time (More 65). The main character in Utopia is a man named Raphael. He believes the treatment of thieves in England is harsh; On the other hand, he was accepting of the extreme punishments Utopia had for adultery. Society in Utopia is dominated by males, and it is a husbands responsibility to insure proper discipline of his wife. Every month wives must confess to their husbands. Taking a rather regimented approach, the state interferes in courtship and marriage. Boys cannot marry until they are 22, while girls can marry as early as 18. Every member of the society must view their chosen partner nude before making the decision to marry. Utopians are a monogamous people and thus uphold the idea that it is necessary to choose an appropriate spouse. According to the Utopians, there is equality in Utopia. Reading Utopia one can see that this is not the case. There is a clear class system on the island with a hierarchy of priest, mayors, and diplomats all from a specific class. The Utopians use slaves to perform lowly task and must work in chain gangs. Slavery is usually used as punishment for serious crimes. Utopians pay mercenaries to fight for them during times of war. Often, they hire foreign armies called Venalians and sadly, the Utopians send many Venalians to their deaths without a care. They rationalize by saying, If only they could wipe the filthy scum off the face of the earth completely, theyd be doing the human race a very good turn (More 113). They disapprove of war, except in self-defense or when helping to end oppression. (Forward) To close, Utopia explores ideas of common law, religious freedom, and has similarities to a dystopian society rather than Utopian. Common law in Mores work is comparable to Englands customs. Religious freedom is present, but suppressed as well. Some may say the utopian society did become a dystopian society with further analysis. It is important to note that the issues discussed in Mores text are still relevant to modern-day readers and he addressed some extremely complex topics in a constructive manner. Works Cited Elsky, Stephanie. Common Law And The Commonplace In Thomas Mores Utopia.. English Literary Renaissance 43.2 (2013): 181-210. Academic Search Premier. Web. 18 Jan. 2017. Forward, Stephanie. A taste of paradise: Thomas Mores Utopia. The English Review, vol. 11, no. 4, 2001, p. 24. General OneFile, go.galegroup.com/ps/i.do?p=GPSsw=wu=avl_nshov=2.1id=GALE%7CA79981415it=rasid=1738af1f731801e1f0d51de4e455e0cc. Accessed 25 Jan. 2017. Kessler, Sanford. Religious Freedom In Thomas Mores Utopia. Review Of Politics 64.2 (2002): 207. Academic Search Premier. Web. 30 Jan. 2017. More, Thomas, and Paul Turner. Utopia. London: Penguin Books, 1965. Print.

American Cancer Society Essay

Am I a patient, no. Am I a survivor, no. I am someone who has seen cancer through the eyes of others. An uncontrolled division of abnormal cells creates the cancer within the body (â€Å"What is Cancer†). More than 1 million people in the United States are diagnosed with cancer each year (â€Å"Learn about Cancer†). An estimated 10,450 new cases and 1,350 cancer deaths are expected to occur among children in 2014 (â€Å"What are the key statistics†). The American Cancer Society is one of the greatest resources to turn to when cancer strikes. The American Cancer Society was founded in 1913 to raise the public’s awareness about cancer (â€Å"The Early Years†). With millions of supporters, the American Cancer Society saves lives and works to create a world with less cancer and more birthdays. They do this by helping people stay well, get well, by helping support the findings of cures, and fighting back against the disease (â€Å"Who We Are†). It is imperative to fund basic research with the American Cancer Society because it saves lives. The American Cancer Society strives to help our society stay healthy by helping people take the necessary steps to prevent cancer or detect it early. Through the American Cancer Society Clinical Trials Matching Service, patients are connected with more than 64,000 different treatment options. Also provided is an online support community for cancer survivors and caregivers that have brought together more than 93,000 people since 2000 (â€Å"Online Communities and Support†). The American Cancer Society acquires results by investing in research that helps to understand cancer causes, determine how to prevent it, and discover new ways to cure it (â€Å"Explore Research†). The American Cancer Society has several fundraising methods. The main fundraiser The American Cancer Society holds is a walk called the Relay for Life. This event takes place across the globe in different communities to honor cancer survivors, remember loved ones, and fight back against this detrimental disease. The Relay for Life has varying meaning to different people, but we all want the same result, a cure for cancer. We walk, we talk, we cry, we laugh, we learn, we love, and we hope. Today there are nearly 14 million cancer survivors, and with the money raised, the number of survivors will continue to rise (â€Å"What is Relay For Life†). Personally, my family has been involved in American Cancer Society fundraisers for the past several years. Not only has our family been able to raise money for the cancer society, but we have also entered races and walks for the cure. Cancer affects every individual and family in a different way physically and emotionally. Whether you are joining the fight to end cancer for a family member, or a friend everyone has personal reasons for taking action. What we all share is the belief that we can end this terrible disease if we work together. The donations, long-term involvement, and healthy choices of our society, have helped contribute to a 20% drop in death rates from cancer since the early 1990s (McDaniel np). The American Cancer Society is continually working hard to lower the death rate, and while the disease still claims 1,500 lives a day in the United States, change can be made by speaking out (â€Å"Cancer Facts and Figures 2013). Donating, signing up for a local fundraising e vent, helping fund the next research breakthrough, or spreading the word to friends and family are all ways society can join the fight against cancer. The American Cancer Society also helps families by helping them understand and cope with the fact that diseases such as cancer can occur at anytime, and in any age group. Cancer brings families together in though times, and the importance of life is soon realized. The American Cancer Society has helped save these lives and has brought families together and continues to do so today. Cancer does not define us but how we chose to cope with it does. Every one needs to involve as many people as we can to raise money for research and education. There is a passionate aggression in each of us as we are fighting to save more lives. The American Cancer Society would not exist without fundraisers and donations. Advocates are imperative for the support and fundraising of the American Cancer Society. Without it, individuals around the world would continue to get cancer and not know what to do about it. Without the research and effort The American Cancer Society puts in patients would get no where, have a lack of education, not know what to do when they get it, and most importantly never have a cure to cancer. We need the American Cancer Society and they need our support. So let’s finish the fight and  donate today! Works Cited American Cancer Society. American Cancer Society Inc., 2014. Web. 12 Mar. 2014. . Cancer Action Network. American Cancer Society Cancer Action Network Inc., 2014. Web. 12 Mar. 2014. . McDaniel, Justine. â€Å"Cancer Society, Researchers Look Back on Decades’ Worth of Progress†¦Ã¢â‚¬  McClatchy Washington DC News Bureau. 07 Oct. 2013: n.p. SIRS Issues Researcher. Web. 12 Mar. 2014. Relay for Life. American Cancer Society Inc., 2014. Web. 12 Mar. 2014. .

The Social Center For Lgbt Youth - 931 Words

The research question that facilitated our asset map was simply â€Å"What social outlets are available for LGBT youth in the greater Los Angeles area?†. We chose this question because the majority of the young people receiving services at our site are homeless, and as everyone knows, homelessness is a condition that can quickly lead to despair. We firmly believed that locating LGBT-themed social gatherings, groups, and organizations would be an essential step in pointing these youths towards systems of support that could help make their difficult circumstances more bearable. Also, it was vital for us to focus only on social outlets that were LGBT-centric--for these young people, being marginalized members of an already marginalized community, the homeless--have distinct needs that other individuals don’t. And when these needs aren’t met, the consequences can be tragic. Research shows that approximately 62 percent of homeless LGBT youth attempt suicide (Center for American Progress, 2010). Before we began our work, officials at our site informed us that they did not have a list of social outlets for the clients, which made our asset map that much more important. We drew the boundaries of the map around the greater Los Angeles area. This decision was made because many of the clients, being homeless, do not have the means to go far distances. It would have been useless to include social outlets in San Diego, for instance. As far as our criteria for choosing assets, we includedShow MoreRelatedWhy Are Lgbt Students Committing Suicide More Than Non Transgender Students?1559 Words   |  7 Pages In a study research, it was discovered that LGBT [lesbians, gays, bisexual and transgender] youths commit suicide more than heterosexual youths. One question that perturbed my mind was Why are LGBT students committing suicide more than non-LGBT students? What factors are responsible for the massive suicide? Lesbians, gays, bisexual and transgender and heterosexual people are all members of a community, however, the society finds it difficult to accept them as members of the society insteadRead MoreMy Operational Definition Of Social Justice1263 Word s   |  6 Pages My operational definition of social justice (the distribution of advantage and disadvantage within a society) is controversial to my social justice (LGBT Liberation) because they have a disadvantage in today s society. It s controversial because people today are afraid to come out because they re afraid of other people s reactions. Everyone in today s society depends on other people s opinions. On what s right or what s the â€Å"norm†. Many people feel this is a lifestyle choice not part ofRead MoreCare For Lesbian, Gay, Bisexual, And Transgenient Care In The Patient1313 Words   |  6 Pagesthat began in the mid-to-late 70s, it is still not where it needs to be. This is apparent from the fact that LGBT youth have a higher risk of attempting suicide, lesbians are at higher risk of developing cancers, especially breast cancer; and gay men and transgender individuals are at higher risk of HIV and other STDs (Lesbian, Gay, Bisexual, and Transgender Health). As a member of the LGBT+ community who is also an aspiring physician, I have a special interest and passion for this topic. ImprovingRead MoreShould Nurses Become More Socially Aware Of The Elderly?1463 Words   |  6 PagesNurses becoming more socially aware of LGBT elderly individuals can greatly affect the quality of life of the entire LGBT population. When discussing about LGBT individual, most people don’t consider the elderly population. A lot will focus on LGBT youth and not a lot on the older individuals who have paved the road for LGBT youth to experience a better quality of life than they did. It’s unfortunate that the elderly population is forgotten about in general and in LGBT circles. According to the articleRead MoreHate Crime Essay1551 Words   |  7 Pagescrimes towards the LGBT community are on the rise. Offenders with negative views of LGBT people are inflicting pain onto those they deem sinful. According to the FBI, sexual orientation motivated nea rly 18% of all hate crimes in 2016. Though the number may not seem excessive, sexuality is currently the third leading incentive for hate crimes and rising (FBI). For instance, in 2016, the New York Times reported Omar Mateen, an American who pledged allegiance to ISIS, attacked an LGBT nightclub killingRead MoreThe Problem Of The Lgbt Homelessness852 Words   |  4 Pagesthe most commonly cited factor of the LGBT homelessness. Fifty percent of young people that are homeless says that parents told them to leave or knew they were leaving and did not care (â€Å"Eleven facts about homeless†). The Williams Institute said that â€Å"forty percent of the homeless youth served by agencies identify as LGBT. Forty three percent of clients served by drop in centers identified as LGBT. Thirty percent of street outreach clients identified as LGBT. Thirty percent of clients utilizing housingRead MoreKirsten Spears. Mrs. Hohl/4. English 112. Classical Argument.1404 Words   |  6 Page sKirsten Spears Mrs. Hohl/4 English 112 Classical Argument 9 March 2017 Sex Education: Is Abstinence Really the Only Option? Sex education for American youth has been a topic of discussion across the nation since the early 1980s. Teen pregnancies and sexually transmitted disease are two major problems throughout the U.S.. Sexually transmitted infections have been an ongoing problem for American people since World War I. To combat the growing teen pregnancy and STI rates, the U.S. established organizedRead MoreThe Lgbt Community And Its Own Unique Culture Essay1572 Words   |  7 Pages Before starting my research on the LGBT community and it’s own unique culture, I didn’t know too much about it. All I knew was that I myself was very accepting of it and was in no way judgemental of anyone who felt that they belonged in that community. Little did I know that the term â€Å"LGBT† has grown to include other categories. According to Mardell (2016), â€Å"LGBTQIA+: Stands for lesbian, gay, bisexual, transgender, queer/questioning, intersex, asexual/aromantic, and plus for other identitiesRead MoreThe Right For Same Sex Couples1161 Words   |  5 Pagesamong the groups, which are particularly subjected to discrimination in many cultures and in many societies. There are still 75 countries where same-sex sexual acts are still illegal (Itaborahy, p.9). So how hard for a LGBT comes out. First we have to understand that for member of LGBT community, coming out is a constant internal and external process that can sometime be met with pain, misundersta nding, and hardship. They are coming out in many different ways in many different groups. However, thereRead MoreThe Importance Of Same Sex Love And Homosexual Activity1484 Words   |  6 Pages In school, they teach students about the history of prejudice of races or social groups, whether it s whites, African Americans, or Native Americans. The one group that the majority of schools leave out is the LGBTQ community. Many people might not even know what LGBTQ stands for due to lack of recognition for this specific group of people. LGBTQ represents the lesbian, gay, bisexual, transgender, and questioning society. Society has found a way to shun this group, giving them little recognition

The Effects of Computer Technology to Students Lifestyle...

The Effects of Computer Technology to Student’s Lifestyle and Study Habits†. CHAPTER I INTRODUCTION Background of the Study In the years where computers are not yet invented, students are not yet engaged in activities using technologies. Students rely on books and visit library facilities to study, read their notes and to review their school lessons. During those years, despite the lack of computers and hi-tech gadgets students still achieve high and good grades and the students are still focused on their studies. They strive hard just to attain higher and better grades in their education. As years passed, industrial evolution occurred and great changes and improvements happened. One of these changes is the invention†¦show more content†¦But as usual, things can have a positive and a negative effect. Students benefit from computers but they are also affected by the bad influences that computers cause. According to what we have observed in our present time, the true essence of the proper use of computer technologies is slowly being forgotten and ignored, thus, becoming a problem and concern of most parents and teachers. Some parents say that computer is a distraction to their child’s education because most students nowadays are addicted to compute games like Counter Strike for the boys and social networking sites such as Facebook.com for the girls. Students spend their money and waste their time doing this kind of things rather than focusing on their studies and attending school. Students are not thinking that too much time they spend with computers also consume too much electricity everyday which become an additional expense in part of the parents. Teachers also worry about the students on using the computer students nowadays just copy and paste their assignments and submit them without reading and analyzing the content. The ability of the students in critical thinking and their sense of creativity and originality is slowly being lost because students now just rely on what they find and search on the computer.

Creative Writing Mrs. Burnage Essay - 1090 Words

Until today, I remembered my visits to Mrs. Burnages house fondly. The neighborhood I lived in was small, with only ten houses on the whole street. Each house was placed far apart with everyone having at least three acres of property. Our house was at one end of the road, and Mrs. Burnages was at the other. Mrs. Burnage was a sweet lady, probably in her late 50s when my three sisters, Jason Adams (another younger kid in the neighborhood), and I would go visit her. I visited her from ages eight to thirteen. Mrs. Burnage didnt have children of her own; she wasnt able to, according to my mom. So she loved it when we would come over, and we did too. Even though she didnt have any of her own kids, her house was a childs dream. When you†¦show more content†¦We would shriek with laughter as we slid down and splashed into the pool. And even though Jason was six years younger than I was, we bonded by tormenting my sisters. Wed pretend that we were alligators and sneak up behind or even underneath my sisters, chomp on their legs with our arms, and make them squeal. Wed call after them as they swam away, Alligators always eat squealing pigs! and laugh our heads off. Mrs. Burnage would prepare us lemonade, sit on the poolside lounge, and often played The Beach Boys on her boom box. She was always watching us, smiling. When I was thirteen, Jason ran away from home. We had always talked about running away and had even made maps of where we would go. We built a fort in the woods out of fallen limbs and rocks. We even had made a roof using bark and moss for shingles in case it rained. When he finally did run away, he left a note telling his parents why (They didnt let him play Nintendo on weeknights). I was upset that he didnt invite me. When he ran away, he left with only his favorite red hoodie and blue jeans, his backpack, some granola bars, and peanut butter and jelly sandwiches. I had figured that he ran away to our fort, but when I went down to the fort, he wasnt there. He never came back home, and his parents never found him, nor did they ever find his body. They moved out of the neighborhood shortly thereafter. I dont think they could stand being where there were so many

Sustainability of Debt Finance Management Free Essays

string(55) " more than one times to  £12,391 in 2009 than in 2008\." Chief Executive of ICAEW proposed the finding that a more sustainable pattern of British companies are to survive the financial management and learning  with less debt (Malcolm Edwards, 1998). But whether this finding is convincing is unknown. Evaluation of the debt finance statement is needed to implement in this essay. We will write a custom essay sample on Sustainability of Debt Finance Management or any similar topic only for you Order Now It is apparent for this essay to focus on two aspects of the comment from ICAEW, one is whether the financial management of UK businesses is experiencing a more sustainable situation and the other is the actual debt development and the development situation of UK businesses. And this essay is going to argue this finding with the framework of literature review, assumptions and financial analysis. This essay is going to pick Tesco Plc for subject of analysis. 1.1 Literature review Literature review is helpful to comment the findings from ICAEW about the impact of the sustainable model of financial management on debt conditions of UK businesses. The framework of the literature review consists of advantage (importance) and disadvantages (risks) of debt financing and impact factors affecting the debt finance management. The importance of the debt management for the corporations To many entrepreneurial organizations, debt is tempting and is glamorous genre of financing. It is widely accepted that external debt are close companions of external equity, and since the equity is necessary for the entities, debt are indispensable for the companies (Pratt Morris, 1987). Besides, many advantages are generated from the debt financing of the company. Firstly, debt financing is an efficient leverage tool for shareholders of the companies to produce profits with the help of debt capitals (Ruud, 2012). Although the debt capitals are used at the price of financial interest or costs, namely that it is possible to reduce earnings before tax, shareholders still take this risk to use the debt leverage financial tool to add more value of their capital amount and keep sufficient internal funds available to take advantage of attractive investment opportunities. What is more, debt financing is helpful in reducing agency costs of free cash flows (Michael, 1986). Because agency cost is an eternal paradox in the corporate management, shareholders and managers are playing intra beneficial game with each other. Shareholders want to improve value with as small amount of own capitals as possible and mangers would like to  use safer capitals from shareholders and boost their bonus. Any failure from misuse or inefficient use of capital from shareholders by managers is agency cost and the positive debt finance is a way to balance this situation. Risks of debt financing for the entrepreneurs Even though debt financing is of great advantages and is very important for the entrepreneurs, risks still exist in the debt financing management. The main risk of the debt financing is the high rate of interests from the debt. It is clear that financial costs are mainly from the debt financing and the costs come after the operating interest (Robert, 1974), the number of the costs need to be controlled so that the earnings before tax are positive, namely that the profits are truly generated from proper use of debt. Furthermore, debt financing will place risk on the cash flow management of the companies (Davis, 1995), because the contradiction of the maturity of loan and fluctuation of the operating, investing or financing situation may lead to the breakage of the cash flows. Finally, the defaults from the debt financing the corporations manage may exacerbate the loss of reputation and integrity (Davis, 1995). This reputational loss will deter the chance for the corporations to borrow money. The impact factors of debt management Debt financing management is influenced by different factors. It may be affected by the scale of the corporations. Generally speaking, it is more comment for small businesses to finance debt for operation (Acs, 1999). Because small businesses rather than large scale of businesses have less reputation and competitiveness to attract external equity or equity capital, small entrepreneurs have to turn to help of the financial intermediaries such as commercial banks and lender companies to borrow external capital to back up the operations of the organizations. On the other hand, large companies have privileges to finance capital by capital funding, shareholder investment and stakeholder investment. What is more, debt financing management is close related to the managerial style, or the governance, of the companies. For risk-averse managers, who are prudent in producing profits with safer and cheaper capital, they will prefer to manage finance  by receiving shareholders’ funding rather lenders’ (Amihud Lev, 1981). 1.2 Assumption and argument for this debt financing findings from ICAEW Based on the literature review, it cannot primarily reach the conclusion about the debt and the survival situation of UK businesses. Before this essay expends the argument of whether the more sustainable model of financial management are currently using by UK business and they are survive with less debt, it is important to set the assumption for the argument. And the assumptions are as follow. The first assumption is that UK businesses discussed in this essay are those running on their track rather the new start-ups or newcomers who are eager in need for external debt or equity. The second assumption is that the capital structure of the UK businesses discussed is operating at least one kind of debt. The third assumption is that the debt change (accent or decent) are not caused by the managerial style or the scale of the corporations. 1.3 Financial ratio analysis for the debt financing situation of the chosen listed company 1.3.1 Debt financing performance According to the assumption preset above, this essay choose the listed company Tesco Plc in UK to testify the comment of ICAEW. Calculation and explanation of relevant ratios over a five-year period will be presented as follow. Referring to the long-term liabilities, the absolute number of long-term liabilities experiences a big rocket and a fluctuation from 2008 to 2012. Long-term liabilities in 2008 were  £5,972 million in 2008 and rose by more than one times to  £12,391 in 2009 than in 2008. You read "Sustainability of Debt Finance Management" in category "Management" Although the absolute number of long-term liabilities dropped a little in 2010, they increased to  £12,731 in 2012. When it comes to the short-term and long-term debt, they showed a consecutive up and down from 2008 to 2012 (See appendix two). One of the very important aspects of detecting debt financing situation of a certain company of UK is the average debt/asset ratio (Allen Gregory, 2003). This ratio of can show the ability of debt to making  contribution to adding assets. From appendix one, although a slight rise of 2.36% occurred in 2009, a decent trend of average debt/asset ratio is irresistible from 52.82% in 2008 to 46.23% in 2012. The situation imply the decreasing trend of debt financing in the whole system though the absolute value of the debt is in a growth Another method for evaluating the debt financing is to assess the liquidity ratio of the target company. This is a method to assess the short-term debt of Tesco Plc (Gombola, 1983). From the liquidity ratios such as current ratio, acid test ratio and operating cash flows to maturing obligations, a lot of insight can be incorporated into the present cash solvency of the firm and the firm’s ability to remain solvent in the event of adversity. Firstly, the current ratio presents the degree of current assets covering the current liabilities. It was interesting to see from 2008 to 2012 the current ratios of Tesco Plc first increased by 29.57% and kept decreasing by 5.97%, 4.55% and 1.23% in the consecutive three years, but the current ratios were in a growth in the whole picture from 0.58 to 0.67. The situation implies that the systematic risks of covering the short-term debt are decreasing. Acid test ratio illustrates the liquidity excluding inventory. The acid test ratio of Tesco Plc experienced a drop variation trend from 0.35 to 0.48 by an accent of 53.26%.But it cannot disprove the endeavor made by Tesco Plc to decrease acid test ratio consecutively from 2009 to 2012. The other financial ratio for testifying the long-term debt situation is the ratio of financial gearing. Financial Gearing is the ratio presenting the efficiency of using debt to generate profits. Financial Gearing includes debt equity ratio or leverage (D/E), and interest coverage ratio (Harrington, 2004). Debt equity ratio or leverage (D/E) demonstrates the same development details as the liquidity ratios do. Tesco Plc increased from 0.50 to 0.77 by 70.35% (first increased by 90.03% in 2009 then decreased from 2010 to 2012 in a row). The original soar in D/E may results from the overestimated optimism for the economic environment and over borrow long-term debt, and it takes time to lower the high percentage of debt. On the other hand, interest coverage ratio illustrates the coverage of earnings before interests and taxes to financial interests. From 2008 to 2012, the interest ratio of Tesco Plc dropped from 11.16 to 9.20 and it seems Tesco Plc has less competitive ability to cope with interest costs from debt financing. However, after the two-year decrease in this ratio,  interest coverage ratio rise by more than 20% in two consecutive years from 2011 to 2012. 1.3.2 Operation performance But even the debt financial level is decreasing from the financial analysis above, it is important to evaluate whether Tesco Plc has better survive with less debt. So the assessments of the profitability of profitability, efficiency and shareholders situation of Tesco Plc are necessary (Cunningham, 1995). In the aspect of profitability, ROE of Tesco Plc was experiencing a fluctuation from 2008 to 2012. Tesco Plc decrease from 18.08% in 2008 to 15.85% in 2012 by 12.61%. During the 2010 to 2011 duration, Tesco Plc had risen by 0.93% in the ratio of ROE, however, this increase could not turn around the decent situation. Return on capital employed of Tesco Plc experienced a similar fluctuated decreasing rate (similar with ROE) from 15.69% in 2008 to 12.17% in 2012. From the perspective of efficiency ratios, they are ratios measurement of the effectiveness of assets performance of the Tesco Plc (Fraser, 2004). Efficiency ratios includes inventory turnover (days) and creditors’ turnover (days). Inventory turnover present the efficiency of Tesco Plc to manage the inventory. As can be seen from Appendixes, the numbers of days for Tesco Plc increased from 20.31 days to 22.15 days by a rate of 9.41%, namely that Tesco Plc performed more slowly than before (circulating the same number of stocks with more time). When it comes to another efficiency ratio, debtors’ turnover (days), demonstrates the average number of days for which receivables are outstanding before retrieve. The debtors’ turnover for Tesco Plc increased from 10.12 days to 15.03 days by a rate of 42.63%. And it turned out that the debtors’ turnover of Sainsbury Plc was circulated from every 4.22 days in 2008 to 4.68 days in 2012. The situation of Shareholder can be assessed by the dividend per share, dividend payout ratio, earnings per share and operating cash flow per share. Dividend per share presents a different development trend for Tesco Plc. The dividend per share rose from 0.08 in 2008 to 0.10 in 2012 by 29.78%. Similarly, EP of Tesco Plc demonstrated an increase of 27.66% from 0.27 to 0.33 and dividend payout ratio of Tesco increased by 2.41% (0.28 to 0.29). 1.3.3 Systematic debt financing performance Based on the financial analysis on both debt financing and operations, systematic debt financing is semi-match the opinion of ICAEW. Firstly, the ability of coping with short-term and long-term debt is more competitive even though the total volume of debt is increasing. But this is not â€Å"less debt† as the saying goes in the opinion of ICAEW. Secondly, even though the â€Å"less debt† refers to more competitive ability to handle debt, the operations of profitability and assets ability are still failed to improve or say few evidence can prove the company with less debt can better survive. Thirdly, the improvement in shareholders situation is one symbol that implies better survival of Tesco Plc but the paradox between profitability and shareholders is need to further explained. In addition, as the forth point, policies are connective with the coping ability with debt. From 2010 to 2012, Tesco Plc procurement policy provides robust and consistent debt selection. Conclusion In conclusion, debt financing plays an important part in organizations but it also hide risks when corporations employ this tool. But doubts arise from the opinion that UK businesses can survive with less debt published by ICAEW. After the analysis of financial ratios on debt and operations performance in Tesco Plc among UK businesses from the consecutive five years based on the assumptions, this essay cannot get the conclusive conclusion about the relations of survival and less debt. But if debt financing here refers to the improve ability to cope with debt rather volume of debt, it may be concluded that some of the UK companies at least Tesco had worse-off profitability and efficiency with less debt. And whether the sustainability model of debts financing in UK is sustainable is needed to be further explained. Question 2 Evaluate the role of finance director in an organization Introduction Financial director, as another name of CFO (Chief Financial Officer), is the main character in the organization to control the financial situation. Since the financial director wears the critical responsibility, it is meaningful to find out what kind of responsibilities or roles are for financial director. This essay focuses on exploring the roles of financial director from aspects of literature review and the scenario (Tesco Plc) comparison between different kinds of job roles, and what kind of sources, or information, or evidence in the financial report can prove the described roles above. 2.1 Literature review of roles of finance director Financial director is an important role in the system of management in an organization and scholars in the academic or industry has many researches into the topic about financial director. And the framework this essay establishes is a reorganization of the theoretical and practical pinions on financial director. Compiling financial reports A competitive financial director is like a doctor who is engaged in safeguarding the healthiness of financial situation of the organizations (Michael, 1999). This safeguard role is quite different from other related financial occupations, since the largest financial burden is laid on the shoulder of finance director. Although financial director lead a team to perform the job about financial reports, he fulfills the solo responsibility of the accuracy of the financial reports (Roles of finance directors, 2013). During the financial work performance, finance director has to manage a financial team as well. And finance director act as the company’s treasurer to keep the accuracy of the financial results, because one mistake is a mile in many aspects, such as capital structure, earnings per share or EBIT. Perform analysis on financial reports There is too much information in the financial reports and some of the information is hard to understand without translation. Financial director uses financial and non-financial ratios or conclusive and simple information, which other managers, shareholders and stake holders need, to present the key information of the financial situation of the organization (Keith Falshaw, 1999). Besides the interpretation of the financial reports,  finance director detects problems through the horizontal and vertical analysis on the financial reports in order to figure out approaches to achieve the perfect financial condition and try endeavors to maximize profitability. After the financial analysis on the financial report, financial director proposes an analysis report on historical data, positions the financial goals and objectives, and make the prospective strategy for the organization. Help operating the company and make the prospective strategy for the company Financial director not just theoretically analyze or improve the financial situation using the historical data from consecutive financial reports (Grant, Roman Sidney, 2014). He incorporates the financial information into financial operation in the company. Overseeing payroll activity for staff and participants in order to avoid fraud; monitoring the banking activities of the organization to ensure sufficient liquidity to meet daily needs; Investigating cost-effective production approaches in the production line. Besides the internal financial events, he represents the company to meet government in order to control the rhythm of the tax payment or government funding. What is more, he also takes an informative and advice supportive part in marking, operation, financing and investment decision making. 2.2 Roles of finance director of Tesco Plc and comparison of other job advents 2.2.1The evaluation of roles of financial director of Tesco Plc Laurie McIlwee has been taking the position of Chief Financial Officer (Finance director) of Tesco Plc since 27 January 2009. As a Fellow of Chartered Institute of Management Accountants and a member of The Hundred Group of Finance Directors, Laurie McIlwee has experienced years of finance director responsibility in Tesco UK and Pepsico. His horizontal international finance management is impressive. But it is important evaluate whether he meet the roles of the financial director while working in Tesco Plc. Ordinary Financial engagement Besides composing the financial statements and financial reports for the board of directors and shareholders, Laurie McIlwee is responsible for utilizing financial and non-financial ratios to analyze the historical data from 2010 to 2012 (Financial Report, 2012) and select key ratios, present then as clear graph and report them in the financial report in order to keep the financial reports usable for the users. He also monitors any external financial issues, such as relationship with government and tax bureau. And He is responsible for establishing and maintaining a strong working relationship with outside consultants, bank representatives and insurance and bonding representatives. What is more, Laurie McIlwee affects the continued operation of the company by positioning the financial boosting strategy in the foreseeable future. His duties also include managing, maintain and forecasting the company’s cash requirements and cash flow. He also reviews and signs all financial reports, tax returns and audit reports. Financial Team Management Laurie McIlwee is of course unlikely to cope with the actual receipt of income or the paying of bills in person, he wisely leads a team on all kinds of financial jobs (Financial Report, 2012). The chief finance officer Laurie McIlwee oversees all accounting personnel within the financial team.His mentor and develop the accounting team and manage their tasks and processes, training and performance evaluation He regulations to ensure compliance with current and future Management Accountants Society of practices and procedures to govern the financial director of an appropriate internal control safeguards and requirements Hundred Group Business Development and Strategy Duties The CFO Laurie McIlwee directs financial strategy, including borrowing and investment strategies (Financial Report, 2012). He also establishes and monitors budget planning and forecasts. He works with CMO, COO and the heads from other department. Finance is expected to incorporate other strategic objectives. In order to meet their specific objectives closely with vice president of information technology, development tools, and the president and providing important financial and operational information systems to CEO. 2.2.2 Other jobs advents for comparison CEO Philip Clarke is the CEO of Tesco Plc for more than 3years until today. He is mainly responsible for developing company goals (Financial Report, 2012). He formulated the objectives, designed the progress to achieve these goals. In determining the direction of the company in the process, he defined the specific market, observe competitors and determine how the company will come to the fore. In addition, Philip Clarke build a competitive team to assist him in the operation of Tesco Plc. Philip Clark uses the best part of the individual team and solve the senior team and the members of the corporate culture differences between a company’s values through the establishment. Setting budget is an important role of the CEO, the CEO is only when the budget is set for a certain strategy, CFO or Finance Director may adjust the budget implementation plan. Finally, CEO Philip Clarke have functional public relations. Under many circumstances, it is CEO that pre builds the client relationship before CMO can keep the continuous relationship with the client. CMO Min Mason is the CMO of Tesco Plc. His job is different from finance director Laurie Mcllwee and CEO Philip Clarke. He launches research and development in order to determine the potential need for a product or service based on current market demand (Financial Report, 2012). Moreover, he cooperate with Lanrie Mcllwee to make an available financial R D budget. Secondly, Mim Mason is responsible for making promotion strategies by managing the overall marketing and advertising campaign and analyzing effectiveness of a campaign and what types of modifications. For example, the promotion of â€Å"Everyday Big sale† in Tesco Plc designed specifically for women and let them feel satisfactory. Min Mason has to manage not only public relations, but also the three aspects mentioned COO Kevin Grace is a COO in Tesco. He was the main contact with the other officers of the Board. Kevin Grace manages the daily functions of the company, reporting to the CEO and the board regarding the company needs or  performance, make a final decision in many daily problems (Financial Report, 2012). If a company could find a COO like Kevin Grace who is a reliable manager, COO can become into the role of CEO in situations where the board realizes that a current CEO will be retirement. In addition, the role of the COO has been changed. COO need to learn the CEO position. COO becomes an alternate, not a partner. The responsibilities of COO will begin to take on the role of the CEO over time. When Kevin Grace stepped down as South Korea, he was promoted to be the CEO of Poland and UK Property Director. 2.3 Effective evaluation of availability of sources of information All the role information is truly comes from the 2012 Tesco Plc annual report, and it is presented dispersively in the financial report. With the evidence of financial statements, notes of financial statements, clear graph, convincing declarations from the board of directors, the truth and effectiveness can be proven to support the role evaluation of the roles of different directors (Financial Report, 2012). Conclusion In conclusion, this essay centers on the role evaluation of finance director by demonstrating literature reviewing, citing roles of finance director in Tesco Plc, comparing the roles of finance directors and CEO, CMO and COO in Tesco Plc, and evaluating the effectiveness of evident used to citing examples. Question 3 Evaluation for the usefulness of budgeting and budgetary control in Tesco Plc Introduction A budgeting control is a mechanism assisting senior managers in setting the adequate spending limits. It is important since risks of expenditure exceeding from the potential budget are what corporation cannot bear and the risks will have an unfavorable impact on corporate profits. So in order to count on the importance to focus on the budgetary control, this essay is going to throw literature control in the budgetary control to see what accomplishment that scholars achieve in this field, and introduce the empirical example of implementing budgetary control in a corporation by citing Tesco Plc. 3.1 Literature review in budgetary control Scholars in academic field have been doing many researches in the field of budgetary control. They refer the budget control to almost all aspects in the business operation. But after reorganization, this essay reframes the outline of the literature review in budgetary control. Businesses of different kind of scales require different kinds of basic financial concerns and monetary limits in order to keep cost-effective efficiency. Budgetary control is indispensable in the business operation. Cost controlling The main objective of budget control is to control the cost. Capitals are limited in one organization (Ariratana, Treputtarat Tang, 2013). Smart and appropriate cost of using is good for cost-effectiveness to save. Through the full use of the capital budget, managers take effective measures to save money. The definition of the budget is a list of intended or expected expenditures of money and proposed to satisfy these expenditures. By presenting the amount of money that will be used for different projects to satisfy different strategy, the managers can handle different assignment with an elastic budget boundary, because decision-makers can see exactly what they are spending their capital on. Perspective planning Budgetary control can lead a perspective planning in the business. It is indispensible in the management style of making strategy based on the limited capital or the style of organizing capitals for budget for the decisive planning (Dariya Klaus, 2013). All businesses have the requirement to balance its short-term expenditures with savings and investments that they can use enough jetton to meet the long-term developmental expand or take advantage of special opportunities. Budgetary management is designed with the changeable need from business opportunities coverage and allows a business to monitor necessary spending along with the capital and earnings in order to generate positive profits. Financial statement compiling Budgetary control serves a significant practical role by assisting accountants and auditors to compile financial reports for report users. For the reports in internal use within the organization, budgetary controlling can provide information of costs controlling, strategy positioning and internal operation (David, 1998). For the reports use by publicity such as regulators, industry analysts, stockholders and investors, budget controlling presents the comparison of the original planning of the limited capital and the ability for the business to implement actions to spend money and achieve the original goals. The budget controlling is also important in helping managers to handle the corporate profits and corporate cash flows. Business success evaluation Budgetary control gives comprehensive evaluation of the availability of and the success of specific efforts in the businesses (Yanwu Fei-Yue, 2014). In other words, the link of budget control reflect the input and output in the changing business activities, such as staff training. However, if the future budget show that due to the employees’ mistake, training programs and its cost recovery issues more significant decline would be reasonable. Similarly, if the new forms of consumption can have a negative impression of the future budget, it will be eliminated, maybe it is good to use with similar goals. 3.2 Budgetary control in Tesco Plc This paragraph is going to evaluate the usefulness of budgeting and budgetary control in Tesco Plc Use budgetary controlling tools as policy document Firstly, Tesco Plc smartly uses the budgetary controlling as a policy document to protect important projects. The importance of a budget used as part of policy considerations is to generate enough capital for profitable but vulnerable projects. According to the announcement in early 2012, Tesco Plc plans to substantially increase investment in the shopping trip – particularly in the UK with a limited and special budget. On the one hand, Tesco Plc anticipate minimal Group trading profit growth for the year 2012, namely that Tesco has considered the possible opportunity costs in the budget when implementing the project. On the other hand, Tesco Plc reduces levels of old capital expenditure when it modifies its policy of expansion.  To further protect the project, Tesco Plc establishes another policy that no bonus will be paid to Executives unless performance is greater than budget, representing year-on-year growth in profit. Financial awareness Budget Control provides financial awareness of business expenses and income. In the case of Tesco Plc, it needs to take into account tax expenses, thus setting the budget report. When a new tax resolution passed by Congress, which adjust their tax budget accordingly. The budget outline shows the number of business from sales and additional revenue in one month. It shows how much companies spend on operating costs even as revenue. Operational budget should also display a given assets and liabilities Tesco plc in the current time. This reveals whether a company’s financial position is positive or negative. Tesco’s financial situation reveals the budget showed that the business is profitable or create monthly debt. Business Opportunities One advantage of having a financial budget for Tesco Plc is to recognize opportunities that can help market and expand the business. The budget reveals the amount of profit the business can put aside each month. Tesco Plc uses the profit to expand the business and market it in new ways by attending conferences and joining marketing campaigns with larger businesses. Informing the funding available can help the business owner plan ahead and market the business in new and creative ways. For example, Tesco Plc did researches in 2012 and found out the challenging year for consumers in many of Tesco Plc markets are suffering tight budget in household management by inflation, austerity and high fuel price. That would possibly reduce the enthusiasm of consuming in Tesco Plc. But considering the tight budget Tesco Plc also is facing, Tesco Plc transfers to the international businesses and performed this switch strongly. Thanks for the wise business opportunities, Tesco Plc delivers an 18% increase in profits, which helped to compensate for the reduction in trading profit in the UK. Communication Tool Through monthly, half-yearly financial budget statements or reports budgetary  control tools communicative acts each year. When held for budgetary control will be discussed from time to time to collect the director, directors can share the latest ideas and mentality, improve the efficiency of the method and the target budget. With the discussing, budget is essentially a communication tool, because it shows how the enterprise works and how the smart money used. Budgets are discussed in Board, Executive Committee of Tesco Plc regularly and the risk management proposal will be shared in order to improving the efficiency of budgeting. In order to control the budget better, All business sectors in Tesco Plc has stretched the budget based on the Balanced Scorecard and KPI’s steering system and performance indicators are monitored on an ongoing and regular basis to the Board Financial planning Tesco Plc implements regular review of strategy, risks and financial performance by Board and Executive Committee, with external advice as required and makes consistent operational plans and budgets developed throughout the Group to ensure delivery. What is more, Broad of directors in Tesco Plc approves the budget and long-term plan for the Group. The budget controlling reveals the assets and liabilities in Tesco Plc so that it can have better evaluation of itself when making business decision. Budget controlling can help Tesco Plc create a financial plan as mentioned above so the liabilities can be addressed before the debt becomes uncontrollable. Conclusion In conclusion, budgeting control is really important in the aspect of costs controlling, perspective planning, financial statement compiling, and business success evaluation according to the literature reviewing. After citing the example of Tesco Plc, further information about budget controlling containing Use budgetary controlling tools as policy document, financial awareness, business opportunities, communication tool and financial planning. How to cite Sustainability of Debt Finance Management, Essays

Beyonce Role Model Speech free essay sample

Beyonce’ Giselle Knowles was born September 4th, 1981. She has always been interested in music since the age of 7. In fact, by the age 15 she was already performing with her group â€Å"Destiny’s Child†. Years later after the group split up Beyonce’ became very popular as a solo artist. She has won 55 Grammies so far. She chose her career because she was 1st exposed to singing dancing as a child. She attended The High School of Performing and Visual Arts. She also attended Alief Elsik high school. Beyonce’ is stunning â€Å"eye candy† and a great singer, actress, and a role model. She has a salary of 80 million dollars. Her net worth is 300 million dollars. She’s had additional training in body, vocal, dance, and corset. Beyonce’ has been a very positive role model to people of the u. s and out of country as well. She has done plenty of charity work in the past and till this day. We will write a custom essay sample on Beyonce Role Model Speech or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The greatest contribution she has made is the Survivor Foundation, an organization she founded with fellow Destiny’s Child Kelly Rowland to help victims of Hurricane Katrina. The foundation’s accomplishments are many, including the Music World Cares Christmas Carnival that enabled over 300 low-income households to enjoy a fun-filled day of food, entertainment, a visit from Santa Claus and free toys from the toy giveaway. The singer also held a series of food drives before her concerts in 2006 to collect the food that was so desperately needed by victims. Beyonce was also an Ambassador for the 2005 World Children’s Day, and released â€Å"Stand Up For Love,† the anthem for the event which takes place annually around the world on November 20 to raise awareness and funds for children’s causes. When Beyonce’ is at charities she performs the majority of the time. Beyonce is excellent or should I say great when it comes to performing live and on stage in her pumps. She expresses her feelings through her performances and music. She wants to make a difference in everyone’s life whether big or small. This is why she’s my role model!