William Wordsworth „the World Is Too Much with Us…”,

William Wordsworth deals with a very contemporary issue in his poem „The world is too much with us†¦Ã¢â‚¬ , which is kind of surprising, because the author of this poem lived in the 19th century and it seems that back then people had already realized that human beings are destroying Earth and they take nature for granted. I guess Wordsworth wrote this poem to try making people aware of their actions and its outcomes. The speaker of this poem is a lyrical I, as you can see in line 11 where the poet uses the first person: â€Å"So might I, standing on this pleasant lea,† and also in line 12 where he talks about â€Å"me†. But the speaker also mentions a certain â€Å"us† with which he refers to us people. We, the human beings, are also the addressee’s in†¦show more content†¦But instead of realizing this great present from God, we sell our hearts to materialism and we do not have time to enjoy Earth’s nature anymore, we are working too much and spending too much time on less important things. â€Å"We have given our hearts away, a sordid boon!† is the way Wordsworth explains our lifestyle to us. The last part of that sentence is actually a metaphor. He describes our life as a miserable blessing and kind of feels sorry for us. Then he continues with imageries in line 5 to 11. We find two personifications, the first one is: â€Å"The Sea that bares her bosom to the moon;† The sea cannot bare her bosom, because only animals and humans have a bosom. But in this case it is a personification and the author illustrates that people do not see the bare bosom of the sea anymore. In our eyes it is nothing special, it became normal for us and we do not really think about it. Also, here the noun â€Å"Sea† is written in an upper case letter, which makes it a name and demonstrates that we are not talking about a sea, but about the sea, that is a gift from nature. We should appreciate these gifts. At a nice evening for example, we could see the moonlight shimmering in the sea, but we do not actually see it because we are too busy. He goes on with the second personification: â€Å"The winds that will be howling at all hours,/And are up-gathered now like sleeping flowers;†, here it is the same idea. Winds cannot howl at all, only animals and humans are able

Law and Hickey Judicial Body Free Essays

Case 9-1 PERFROMING RIGHT SOCIETY, LIMITED v. HICKEY Judicial Body: Zambia, High Court at Lusaka, 1978, Judge Sakala Facts: Copyright infringement, Innocence of infringement; Injunction for damages Issue: Defendant played records of copyright music during a public performance. Defendant also performed the song without the permission of the copyright owner. We will write a custom essay sample on Law and Hickey Judicial Body or any similar topic only for you Order Now This is an infringement and the song’s composer wants to be compensated for the use of his song. History: Defendant violated copyright laws by performing and playing records at his disco. Defendant did admit, but did not understand that he had violated any law. Plaintiff filed for an injunction of damages, and any profits earned during the time that his songs were performed and played. Decision: Zambia, High Court at Lusaka ruled that the defendant was not clear about the copyright laws and did not intentionally set out to violate the laws. The court ordered that defendant would be liable for any profits made the night of the disco. Relevancy: This case provides a reminder that any invasion of a right of property gives cause of action to the owner against the person responsible for the invasion, regardless it was intentional or not. If an infringement is admitted , but at the time of the infringement the defendant was not aware and had no reasonable grounds for suspecting copyright subsisted in the work , or other subject matter to which the action relates, plaintiff is not entitled to damages , but is entitled to an account of profits. The judge was very understanding; defendant claims that he was not aware of copyright infringement. I think one needs to consider moral rights, as a business owner, one knows that licenses are usually needed to run a restaurant , disco , and club. A license is needed for the business establishment, a license if needed to serve alcohol, I suppose it slipped his mind in regards to the music he chose to play and perform. Reference: International Business Law, Text, Cases, and Readings, August, Mayer, and Bixby, Fifth Edition How to cite Law and Hickey Judicial Body, Essays

Colombo Stock Exchange

Question: Discuss about the Colombo Stock Exchange. Answer: Introduction The imparimetn of te assets incorporated under the guidelines given by AASB 136 and IAS 36 direcly follows th norms which have been amdended by the International Accounting Standards Board (IASB). The impairment loss is considered as that loss which has a direct impact on the cash generating units or the various types of the assets of the company. It has been further seen that IAS 36, ensures that the different types of the entitys assest are not being taken into consoderation more than their recoverable amount (Aasb.gov.au. 2017). Discussion The main purpose of the impairment test is to make sure that the companies assets are not carried more than the value of the recoverable amount. The test related to the impairment of assets as per IAS 36 norms further states that any kind of asset is considered carried to be more than its recoverable amount in case the carrying amount of the exceeds the amount to be recovered through use or sale of the asset. Hence, if such situation occurs then the assets may be considered as impaired and the applications of the standard need to be recognize it as an impairment loss. In the given case, the application of the impairment test in the Longreach Ltd. will ensure that the entitys assest are not being taken into consoderation more than their recoverable amount. It has been furher seen that an impariment test is repsonsible to measure the different types fo the activities related to the balance sheet items and the application of the various types of the rules realted to the commercial (audi t) accounts and tax accounts. The main purpose foteh impartmentn rtwest has been seen in terms of the finding the worth of the amount stated in the balance sheet. In case the impairtmetn test shows a a lower value then the same effect on the balnce shett is to be made making the neccessry chages realted to the reduction in the amount realted to the relvant accounts in the same (Francesco 2016). IASB has further defined the application of the impartment of the assets as the Carrying Amount. Hence, it has been seen that the accumulated impartment loss in the associated accounts is recognized as the amount, which is received after the deductions made related to the amortization of the assets and the various types of the losses borne after the impairment thereon. In addition to this the IFRS has further stated that the consideration of the impairment of the asset should be based in the various types the consideration related to the indefinite life assets and several types of the long terms assets such as Goodwill and specific types of the branded assets. It has been further stated that the test related to the impairment of the asset should be taken into consideration on annual basis (Anvaluations 2014). Goodwill impairment is considered as that charge which is used by the companies to record the different types of the components related to the income statements. It has been further considered that Goodwill cannot be considered to show the viability of the financial results which was expected at the time of purchase. The existence of goodwill to put an effect on the impairment test has been seen in terms of the recording of the carrying value of the financial statements in case it is seen to be exceeding its fair value. In the context of the accounting, applications of the various principles due to the detoriated capabilities related to the acquisition of the asset and generation of the cash flow activities and the associated acquisition of the assets responsible for the generation of the cash and the fair value related to the same. As per the guideline of International Accounting Standards Board (IASB) the Goodwill, impairment is performed in two steps (Yu and Xu 2015). At first, th e company needs to consider the value of the reporting in carrying value given in the balance sheet. This is evident in the observable market values and seldom present during the determination of the fair value of a reporting unit. Hence, a company usually considers this under the fair value estimation of the different types of the tasks (Sooriyakumaran and Thirunavukkarasu 2013). In case it has been seen that the fair value is exceeding the carrying value, then it is not to be considered under the impartment test and in addition to this in certain case it has been observed that fair value exceeds the carrying value, the impartment is not to be considered. In case the fair value of the assets is found to be less than in terms of the carrying value of the items the company needs to apply the fair value to the various types of the application of the fair value to the different types of the identified assets and liabilities of the reporting unit. Hence, the excess of the fair value is usually considered as the new goodwill and the same needs to be deducted as goodwill impairment charge (Investopedia. 2014). The basic step which to be followed in applying the impairment test as per IAS 36, is seen in form of the application of the impairment process based on two steps. The first step has been seen with a recoverability test, which is used to compare the sum total of the undiscounted expected future cash flows in terms of the carrying amount of the reporting unit or asset (Capalbo 2013). The test of recoverability further compares the sum of the undiscounted expected future cash flows with the relevant carrying amount of the reporting unit. In case, the carrying amount is seen to be higher amount as per the recoverability test, and then the asset is not considered under the recoverable assets. Hence, the impairment can be applied only when the assets are not considered recoverable in nature (Ey.com. 2017). Conclusion The report is able to state on the various type of the aspects related to the impairment of the assets in the balance sheet of Longreach Ltd as on 30 June 2014. It has been further seen that the asset to be considered for only when it is not considered recoverable in nature. The good will treatment of the asset has been further been able to highlight that excess of the fair value is usually considered as the new goodwill and the same needs to be deducted as goodwill impairment charge. Reference List Aasb.gov.au. (2017). [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB136_07-04_COMPjun09_01-10.pdf [Accessed 11 Jan. 2017]. Anvaluations (2014).What is an impairment test? | AN Valuation Services. [online] AN Valuation Services. Available at: https://www.anvaluations.com/2014/07/15/impairment-test/ [Accessed 11 Jan. 2017]. Capalbo, F., 2013. Impairment of Assets.F. Capalbo, Impairment of Assets, in" il bilancio secondo i principi contabili internazionali IAS/IFRS. Regole ed applicazioni", edited by Lucio Potito, Giappichelli Editore Torino. Ey.com. (2017). [online] Available at: https://www.ey.com/Publication/vwLUAssets/Impairment_accounting_the_basics_of_IAS_36_Impairment_of_Assets/$FILE/Impairment_accounting_IAS_36.pdf [Accessed 11 Jan. 2017]. Francesco, C., 2016. Impairment of Assets. Investopedia. (2014).Goodwill Impairment. [online] Available at: https://www.investopedia.com/terms/g/goodwill-impairment.asp [Accessed 11 Jan. 2017]. Sooriyakumaran, L. and Thirunavukkarasu, V., 2013. Disclosures and impacts of impairment of Non-current assets in the financial statements: A study on listed manufacturing Companies in Colombo Stock Exchange (CSE) in Sri Lanka.Merit Research Journal of Accounting, Auditing, Economics and Finance,1(6), pp.122-133.3 Yu, C. and Xu, J., 2015, March. Research on accounting conservatism and investment efficiency of IT enterprises: A perspective of impairment of assets. InInformation Technology and Applications: Proceedings of the 2014 International Conference on Information technology and Applications (ITA 2014), Xian, China, 8-9 August 2014(p. 113). CRC Press.