Cash flow statement and report Case Study Example | Topics and Well Written Essays - 1250 words

Cash flow statement and report - Case Study Example No figure of tax is mentioned in the profit and loss statement of the company so it is assumed that the net income is profit before tax and the tax paid is incorporated in the tax payable figure. From the net income non cash adjustments have been made such depreciation and loss recorded on sale of fixed asset. Since these items were charged to the profit and loss account, these are added back to the net income. In addition the net increase decrease is calculated in the current assets and liabilities. If the asset has decreased from the previous year it would be taken as cash inflow. This can be understood by considering accounts receivable for example. If the account receivable has decreased this means that the debtor has paid cash (the company would have made the entry Cash: Debit and Accounts receivable: credit) and thus it is taken as cash inflow. ... pany purchased property, plant and equipment amounting to $ 125,000 whereas it received cash from the disposal of some of its property, plant and equipment amounting to $110,000. All in all, the cash flow is showing a net decrease of $25,000 as compared to the previous year. (b) The board of directors of the company needs to decide whether the funding should be equity based or debt based. Both modes of financing i.e. equity and debt have their own advantages and disadvantages. There are several factors which need to be considered before taking such decisions. For example statutory rules and requirements, terms and conditions imposed by the counter party and general economic conditions are analyzed before selecting one of the options. One of the major drawbacks of raising finance equity through issuance of equity is the fact that a lot of secretarial procedure is involved in raising such finance in contrast to acquiring financing directly from any bank. Most of the time, financing fro m any bank or financial institution is acquired by just filing an application with the bank or financial institution. The banks usually have their own procedure of screening where they evaluate the credit history, financial outlook, liquidity and other aspects of the company. Most importantly, the bank’s analyze the fact and ability of the company pertaining to the ability of the company to repay the amount of loan in the future. When it comes to raising finances through issuance of equity shares, the company is liable to fulfill several requirements such as making sure that a certain number of shares are issued in accordance with the listing regulations of the stock exchange, submitting a due diligence report to the share holder and issuing share to the current shareholder in accordance

To what extent was the Irish famine responsible for the decline of the Essay

To what extent was the Irish famine responsible for the decline of the Irish language - Essay Example As seen below, this famine resulted in the decline of the language in several ways including the death of its speakers, emigration to other parts of the world and the introduction of British culture to Ireland. How famine accelerated it When the Irish famine hit Ireland, the main crop to be affected was the potato hence it’s sometimes referred to as the Irish potato famine. The famine had a huge death toll that resulted in the death of 1 to 1.5 million people which although not much when compared to death rates in places such as china (13 million) when they had their own famine, was a lot when compared to the ratio of the general population. The population of Ireland was only 8 million when the famine started and by the time it ended population census results showed that the population had declined to around 6.5 million people. This meant that the population had declined by 18 % signifying a huge loss of native speaking Irish people.1 Moreover, since the hardest hit areas were those that still maintained speaking the Irish language. The Irish famine also resulted in the mass immigration of many Irish people to other parts of Europe as they escaped the hunger and strict anti-Catholic policies the British government had put in place. The migration resulted in many of them moving to America where they searched for new opportunities for employment however they were not welcomed due to the contempt given to the Irish culture. It is estimated that at least a million people migrated from Ireland to USA Newfoundland and Britain, resulting a significant drop in the population. People from Ireland were often stereotyped as aggressive and violent and it was not uncommon for job advertisements to specifically state that they did not want people from Ireland. For a person from Ireland to therefore survive or succeed they would have to lose their Irish accent and be Americanised. This therefore resulted in a population which although sharing a common Irish heritage, d id not speak the Irish language and thus a decline in it.2 One of the factors that caused the famine and even made it worse was the marginalization of the Irish-catholic community by the British government. The British government that had been ruling Ireland since 1801 and had put in place discriminatory policies against the Irish Catholic that barred them from voting and the right to owning land.3 Many Irish viewed these policies as a form of colonization but it was clear that for an individual to climb up the social ladder they would have to adopt the British culture and religion and thus neglect their own heritage. The British policies have in fact been identified as one of the reasons the famine ravaged with such intensity as even though people were starving, food crops was still being exported from Ireland, the tenant system of farming had also meant that Irish workers could not practice large scale agriculture that had grown in popularity with the agrarian revolution. The only crop that was able to grow and support a family on the small farms were potatoes. While some might have being willing to make due with meagre earnings as a punishment for their cultural identity, when the famine reached its climax many faced with the option of death or assimilation into British culture chose to align themselves with the British way of life so as to have access to more social amenities, rights and employment opportunities as English was the language spoken by the landlords and merchants.4