Brick House

Look up on urbandictionary.com and you will find,â€Å"The kids who live in are extremely stuck up and think that they are better than everyone because their Dad is CEO of some fortune 500 company or plays golf with Donald Trump. Very preppy and all of the kids there are freakishly good at lax.†I always figured stereotypes were true for a reason, simply because the majority of the people in that designated group act in such a manner. But that’s the key word, majority. What ever happened to the people that don’t quite fit into that cookie cutter category? No, I am not white, wealthy, or remotely skilled at sports. But I did define myself in a community that made me believe at a young age that different was unacceptable.Many outsiders look at ### through a very blurred lens. Sure, they can see the vague outlines of big houses and secure streets, but they are missing the microscopic details. Behind all the extraordinary homes, you can find my unimpressive abode, nestled right on the border of ### and ###. Growing up I felt exactly like a small mediocre home amongst daunting houses. Frankly, I was the outsider. I had dark skin and black hair, where as all my peers had fair skin and light eyes. So, as any misfit pre-teen would do, I sought out an easy solution to my troubles. Step one was to dress according to the status quo. Surprisingly, I was successful inconvincing myself that Uggs, skin tight Abercrombie shirts, and overpriced plaid skirts were fashionable. Step two was to detach myself from every aspect of my Guyanese and Sri Lankan heritage. Finally, step three was to speak and act generically. At the end of this drastic transformation I was no longer myself. Admittedly, I was a carbon copy of everything that initially deteriorated my self esteem. It was not until one fateful day in 9th grade, when I looked in my mirror, that I discovered this fact. I examined myself in that mirror for a long while, pondering the distinct differences between my present and former self. I was ashamed at my synthetic and in genuine exterior. The most disappointing part was the fact that my naked wrist was missing the traditional Buddhist bracelet that was defining to my religion. How could I stoop so low to actually reject my own culture? Although seemingly insignificant, this moment turned my entire life around.As of that instant, I have decided to embrace my combination culture rather than reject it. I am proud to be of Guyanese and Sri Lankan decent because nobody else in my community is. Essentially, there is no need to be that generic stucco house a couple of blocks over. In fact, it’s more rewarding to be fulfilled with a humble home. It doesn’t matter what the exterior of that house is made of, whether it be worn down shingle or luxurious stone. All that matters is the soul that’s within it, the heart that makes that house a home.

Finacial & legal aspecat of procurement Assignment

Finacial & legal aspecat of procurement - Assignment Example nstruction of structures, fixing of electronics and navigation devices, maintenance of auxiliary systems, technical support to engineers and other shipyard services depend on the available specialized labor. Structural developments take the biggest chunk of labor expense followed outfit and furnishings because they are done virtually on a daily basis. Another cost driver is the purchase of materials (Moelmann & Harris, pg30). Fixing of electrical appliances cost the company heavily due to the high cost of purchasing special devices such as adaptors, which are very critical in navigation and propulsion. Materials increase overhead costs due to the ever-changing prices of imported appliances and accessories. The accounting office can hardly obtain a definite estimate of the overhead costs to be incurred on product accessories and appliance in all accounting phase. Most of the purchased materials are imported from Japan and Germany. The fluctuating world prices shift the costs from time to time making it quite impossible to project the actual cost of materials. Propulsion materials have a high depreciation rate due to the busy schedule of the transport company in all the segments in deals in. In shipping and land courier services, the expense is high on oil and engine spare parts. The cost of petrol, gearbox replacements is high and almost a fixed cost because it is the only available method of propulsion. For shipping high capacity, diesel engines are expensive to repair and the oil prices keep rising regardless of the increase in the cost of different engine models. In the last financial period, the company had to purchase more spare parts for the ship engines and 20 more courier vans to serve on the land segment. The overall cost of the company doubled even when the cost of technical support, auxiliary systems, and electrical appliances remained the same. This significantly affected the profit margin going down at its lowest in a decade. Fees and insurance has

AUDITING Essay Example | Topics and Well Written Essays - 2000 words

AUDITING - Essay Example The paper will also indicate any recommendation on furthering the audit in case of an audit problem. Finally the paper will outline the actions following the further work done on the audit. Analysis of the Four Items Debtors During interim audit preparation, a list of who owes the company and the total amount they owe is drafted. According to the trial balance dated 31st March 2011, the amount expected from the debtors amounts to 950,000 pounds. During auditing, the expectation is that the schedule of debtors or the accounts receivables should always agree with the figures in the financial statements (Loughran 2010). Audit problems normally arise as a result of not taking into considerations the risks involved when dealing with accounts receivables. The accounts receivables that have been listed may be inaccurate. It is also possible that the receivables may not be existing or may not be collectible. The audit should consider the write offs of the bad debts. The sales transaction sho uld always be processed at the right period to avoid recording of sales due the next period. In this case for instance, Multi gym which is a private company, may be defaulting from paying 95,000 pounds, the reason being the machines they purchased from Wentworth Brewster limited could be used for reasons related to jamming (Montgomery 2009). This therefore, has to be indicated in the bad debts and deducted from the accounts receivables. There debtors have balances at the end of the year that range from 5000 to 20000 pounds. The specific amount of the balances is not specified. This could lead to assumptions that may trigger false figures in the income statements. The schedule for the accounts receivables hold be reviewed so to  match with those in the financial statement. Claim for Damages During audit preparation, a schedule should be done relating to the creditors of the firm or those individuals or business that have a claim. The totals in the formulated list should always be e qual with the figures in the financial statement. According to the trial balance dated 31st March 2011, the total amount of money claimed for damages is 25000 pounds. This amount should be included in the schedule as amount payable to the individual claiming. However, the draft has not included provision for claims from other customers (Loughran 2010). For instance, the three customers have placed claims against retailers for suffering injuries as a result of vague instructions. For there to be a correct indication of the reality on the grounds, the draft should make a provision for such claims then they will be directed to the company. Stock The trial balance indicated stock amounting to 1.6 million pounds. According to the laid down accounting principles, it is required stock for the previous period to be reported in that period. This therefore presents an audit problem. In order to determine stock for the period, the amount of stock currently being held is subtracted from sales o f that period. This resulting figure indicates the stock that has been sold. This is therefore added to the beginning inventory to determine the total stock available for dale. This is where the audit discovers that 0.5 million stock was included in the previously concluded period. Rent Rent when considered as an income should be recorded in the period, it is received and not reported. According to