Walt Disney And The American History - 1044 Words

â€Å"I’ve always been bored with just making money. I’ve wanted to do things, I wanted to build things, or get something going.† (LeeBron) Disney stated that when he realized that he wanted to make a difference in people’s lives. Disney never wanted to be boring or be known as the man who did not have a childhood and was always pushed around by his father. Disney wanted to be successful in life, he wanted the name ‘Walt Disney’ to be remembered, and it will be forever. Disney has achieved many important and exciting accomplishments within his life. He created â€Å"full length animated films, short films, live-action features, and television shows† (LeeBron) Disney also introduced theme parks. He created Disneyland in Anaheim, California. He also developed Epcot which stands for â€Å"Experimental Prototype Community of Tomorrow†, and Disneyworld in Orlando, Florida. Walt Disney was an important figure in the 1920s American Hi story because he made a change to the world with the idea of bringing inanimate objects to life with cartoons and created all new kinds of happiness. Walt Disney was born on December 5th, 1901 in Chicago, Illinois, United States. Disney was the fourth child in the family out of five. His father s name was Elias Disney and his mother’s name was Flora Call Disney. His father was Canadian and his mother was from Ohio. Disney was raised on his uncle’s farm near Marceline, Missouri. He actually used many of the farm animals that he grew up with in his animatedShow MoreRelatedWalt Disney: American Dream Achiever Essay857 Words   |  4 PagesWalt Disney—American Dream Achiever Dream come true, profound influence, persistent efforts, and the success after the setback; those elements compose the definition of the American Dream. Walt Disney undoubtedly was a successful American Dream achiever. He and his brother co-founded Walt Disney Productions, which became one of the best-known motion-picture production companies in the world. He created Mickey Mouse who turned into one of the most famous cartoon characters in animation history(â€Å"WaltRead MoreEssay on Walt Disney the American Hero1365 Words   |  6 PagesWalt Disney the American Hero nbsp;nbsp;nbsp;nbsp;nbsp;Walt Disney; When that name is spoken faces of children and adults alike light up with looks of sheer joy. When debating what to see at the movies the newest Disney flick is almost always decided upon over the others. With Disney people are 100 percent sure to walk out of the theater happy and smiling. From the catchy theme songs to the thrilling theme parks Disney has built the fantasy empire. Although he built the fantasy world DisneyRead MoreSpeech987 Words   |  4 Pagesmy speech, my audience will know the history of Walt Disney, his invention of Disney World, and how his invention has impacted people. THESIS STATEMENT: To pay tribute to Walt Disney, the inventor of Disney World, I will share with you a brief history of Walt Disney, his invention of Disney World, and how his invention has impacted people. Walt Disney INTRODUCTION I. Attention-getter: How many of you have been or at least heard of a place call Disney World? II. Establish your credibility:Read MoreGeneral Definitions. Before Going Into The Background Of1504 Words   |  7 PagesGeneral Definitions Before going into the background of the Walt Disney Company and its theme parks, it is necessary to define some terms that are used throughout the paper. These terms are defined as the researcher understands them as a former cast member of the Walt Disney Company. The first term that needs to be defined is â€Å"guest†. Instead of calling people who visit their theme parks customers, the Walt Disney Company refers to visitors of their theme parks as guests. This is to keep up withRead MoreWalt Disney Is Not A Utopia1202 Words   |  5 Pagesreading this, you know who Walt Disney is. You can name at least five Disney movies off the top of your head and recall your emotions when watching all of them. Since the 1920’s,America’s society has been morphed by Disney and his animated productions. People have grown up watching his movies and singing his songs. A single Disney song can provide unity within a room of strangers, for they instantly have the schema to sing ev ery word and feel nostalgic.Throughout history, Disney’s films have broughtRead MoreHow Disney Parks Become The Popular Amusement Park It Is Today? Essay1146 Words   |  5 PagesRomi Winston U.S. History Dr. King Owen 1 10/16/15 The History of Disneyland How did Disney theme parks become the popular amusement park it is today? Walt Disney was born on December 5, 1901 in Chicago, Illinois. He was a hardworking man with a dream to create what would later become to be the greatest empire in the world. Throughout his life he took classes in fine arts while pouring every ounce of creativity he had into his work. He created Mickey Mouse, which led to TV appearances, many awardsRead MoreWalt Disney : An American Motion Picture1226 Words   |  5 PagesWalter Elias Disney, also known as Walt Disney, was an American motion-picture and television producer, famous as the creator of cartoon films and Disneyland. His relentless aspiration and determination drove Walt Disney to pour in each ounce of innovativeness into his work. In my opinion, Walt Disney was important because of his creation of Disneyland in order to have an educational as well as amusement value and to entertain adults and their children and his influence on American culture throughRead MoreAnalysis Of Walt Disney s The Happiest Place On Earth 1159 Words   |  5 Pages The Legend A man by the name of Walt Disney, is the ideal symbol of an American hero. Disney is known to bring inspiration and imagination into many of his productions. Disneyland, the happiest place on earth, was built by Disney in the late forties. As the founder of Walt Disney Company, and a producer, he has collected a record of fifty- nine nominations as an Academy Award winner, winning thirty-two awards, and still holding the record. At sixty-five, Disney died of lung cancer, leaving behindRead MoreWalt Disney Company Is Worth Investing1348 Words   |  6 PagesAs one of the largest multimedia companies in the world, The Walt Disney Company includes all aspects of American entertainment, including animation, music, production, and theme parks. Founded in 1923 by brothers Walt and Roy O. Disney, the business has grown from silent animations films to diversify into all aspects of the entertainment industry, primarily focusing on all interests of the typical American family. The company, s ince its founding, has proved to be a worthy investment on all standingsRead MoreCase Study Disney1005 Words   |  5 Pages02/11/08 Agenda ââ€" º About Disney ââ€" º Divisions of Disney ââ€" º A bit of History ââ€" º About the CASE ââ€" º SWOT Analysis ââ€" º Its Current Executive Management ââ€" º Recommended Organizational structures ï‚ § Model 1 ï‚ § Model 2 ï‚ § Model 3 02/11/08 About Disney ââ€" º ââ€" º ââ€" º ââ€" º The Walt Disney Company (most commonly known as Disney) (NYSE: DIS) is one of the largest media and entertainment corporations in the world. Founded on October 16, 1923 by brothers Walt and Roy Disney as a small animation studio Today

What Causes Small Business Failure - 2675 Words

Adonis Barker English 290 Erin Anthony 12/9/2014 Failure to Success The main reason for my research paper is to address how small businesses fail and ways to help them become successful. My reason for this topic is because I am majoring in Business Management and I want to receive a better understanding of why small businesses fail. I have multiple questions that I would like to research to help get the reader and I insights into what causes small business failure. Much has been written in the literature regarding reasons for small business failure, leading to confusion about those studies, as it is often difficult to define failure. Failure is a person or thing that proves unsuccessful. Success is the favorable or prosperous termination of attempts or endeavors; the accomplishment of one’s goals. There are fewer studies citing reasons for small firm success. Factors citing reasons for failure may also appear as factors affecting success according to Gaskill, VanAuken, and Manning (1993). Researching all of the causes and r easons for small businesses to fail, and also researching ways that’ll help them become successful. Focusing mainly on the ethics of the small business, the management, sufficient capital, customer service, daily income, etc. Where there is uncertainty, there is bound to be failure. It is not surprising therefore, that many new businesses fail. The questions that comes to mind is in terms of business how much capital isShow MoreRelatedAnswer Chapter 1 Entrepreneurship the d1198 Words   |  5 PagesDiscussion Questions 1. What forces have led to the boom in entrepreneurship in the United States? Answer - Corporate downsizing flooding the market with corporate cast-offs, an attitude that small is beautiful, international economic development due to the fall of communism and the capitalization of former state-owned industries, a dream of freedom and independence, perseverance in achieving results, and the opportunities presented by an ever-changing environment. 2. What is an entrepreneur? GiveRead MoreHow Accountants Act As Business Advisors978 Words   |  4 Pageshow accountants act as business advisors to small businesses, causing them to have a lower risk of failure and higher growth rate than those who do not. The research findings of Barbera, Hasso, and Rajavel were extremely helpful in supporting this thesis. Dr. Rajavel studied failing or failed businesses in an â€Å"economically resourceful† set of islands in the Bay of Bengal. He published a journal article based on his findings entitled â€Å"A Study on Causes for Business Failure: An Empirical Analysis†Read MoreSmall Business 101 Essay1495 Words   |  6 PagesThe small business marketplace is extremely dynamic and the changes are fast. Here are some encouraging facts from the US Small Business Administration on small businesses. There are about 30 million small businesses in the United States and employ just over half of the country’s private workforce. They employ a staggering 40% of high tech workers such as computer professionals, scientists and engineers. More than half of the small businesses are home-based businesses and two percent of them areRead MoreAnalysis : Resources And Failures Of Smes949 Words   |  4 PagesBoth Ropega (Ropega, 2011) and Williams (Williams, 2014) outlined the fact the although the current research cannot agree on what to call a business that fails, they do agree that it happens, and frequently – about 50% within the first few years. Ropega outlined five possible reasons for failure, with the most obvious being lack of cash. Other factors include a drop in sales and profit, liquidity, market share and an increase in operating costs. As well, nonfinancial indicators were consideredRead MoreMovie Analysis : Small Business Owners1203 Words   |  5 PagesSmall Business Owners Must Know This One Thing to Survive Hint: Arnold Schwarzenegger knows it. (If I said dreadlocked alien would that help?) Some things deserve to die. Bad ideas. Bad investments. Bad obsessions. Bad Netflix series. 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Cat in the Hat Free Essays

Cat in the hat essay The Cat in the Hat movie is about Conrad, a twelve-year-old boy, who has two problems: he is constantly doing the exact opposite of what he is supposed to do and causing trouble, and Sally, Conrad’s eight-year-old little sister, tries to stop his trouble making and is being rather bossy and perfect. This also relates to Freud’s Theory of the Mind, which states that our mind has 3 different aspects which influence the way we think, act and feel. They are: ego, superego and id. We will write a custom essay sample on Cat in the Hat or any similar topic only for you Order Now Conrad displays all three aspects throughout the movie that interfere with his mind. The first aspect which Conrad displays in the movie is id. In the beginning of the movie Conrad does what he wants and doesn’t listen to his mom to keep the house clean. When the mother comes home from work she says: â€Å"I asked you to do one thing today, Conrad, keep the house clean. Do you know how frustrating it is that you’re always doing the exact opposite of what I say? † Conrad is found sliding down the stairs and wrecking the house which is the opposite of what his mother told him to do. Another example of how Conrad displays id throughout the movie is when the cat arrives and checks their brain the â€Å"phunometer,† Conrad is shown as a rule breaker. â€Å"Just as I suspected, you guys are both out of whack. You’re a control freak, and you’re a rule-breaker† this shows that Conrad breaks all the rules that are set for him. The third example of Conrad displaying id throughout the movie is when they sign the contract not thinking about what their mother said. Conrad says: â€Å"What about it? We signed the contract† This shows Conrad is not thinking about the consequences of the outcome and is basing his decision of his selfish desires. A fourth example of Conrad displaying id is when the cat tells him not to open the crate. I’m not usually a rules guy, but this is a biggie. â€Å"No opening the crate. † This shows that even thought the cat told Conrad not to open the crate; Conrad went ahead and did it anyway without thinking about what will happen. Therefore, Conrad displays several examples of id, which is what the mind wants without thinking about the consequences later and taking into consideration for reality. The second aspect of the mind Conrad displays throughout the movie is ego. In the middle of the movie after the house is ruined because of thing 1 and thing 2, Conrad decides to help get their dog back because it has the crate lock on it and without out, the whole house will be ruined. Conrad says: â€Å"We’ve gotta go out and find Nevins. † This shows that Conrad is making rational decisions to meet the needs of the id. A second example of Conrad displaying ego is when Conrad, Sally and the Cat set out to get their dog back and Conrad is driving, he says, â€Å"Wait! Two people can’t drive at the same time. This shows Conrad is making the decision not to drive even though he wanted to he knew he is only 12 years old and is too young to drive and that two people cannot drive at the same time. A third example of Conrad displaying ego is when the mothers’ boyfriend goes to her office and tells her everything that has been happening while she was at work. Conrad says â€Å"we’re dead. This is all my fault. I’m such a n idiot. Why do I always have to do the opposite of what I’m supposed to? † this shows that Conrad is taking into consideration his actions and is recognizing that he does the opposite of what he is told. Therefore, Conrad displays ego continuously throughout the movie, he makes decisions but yet still attempts to meet the needs of the id while also taking into consideration the reality of the situation. The third and last aspect of the mind Conrad displays at the end of the movie is superego. An example of this would be when the cat tells Conrad and Sally that he planned the whole day. Both kids get upset and Conrad says Cat, â€Å"you need to get out. I don’t know that game. † It’s not a game. None of this is a game! † this is showing that Conrad is listening to his conscience and telling him that enough is enough. A second example of Conrad showing superego is when Conrad takes the blame for his actions at the end of the movie by saying â€Å"No. This was my fault. I’ll take the blame. † This shows Conrad making an internal judgement by finally listening to his conscience and coming clean for his actions. A third and final example of Conrad displaying superego is when Sally and Conrad learn from their mistakes the cat comes back and says, â€Å"if Sally and Conrad should learn from their mistakes, the contract shall be reinstated. † This shows that Conrad listened to his conscience by doing what was right and helped clean p the house in time for his mothers’ party. Therefore, Conrad displayed superego at the end of the movie by trusting his conscience and his internal judgment and doing what was right for a change and changed from a â€Å"rule breaker† to â€Å"just right. † Finally, Conrad displayed id by not listening to his mother and doing the exac t opposite of what he was told, he displayed ego by making decisions to fix things and superego by listening to his conscience and doing what was right. Conrad displayed all three aspects of Freud’s theory of the mind throughout the movie that lead him to becoming the hero in the end. How to cite Cat in the Hat, Papers

Accounting Standards And Theory Woolworth Limited Click Now To Get So

Question: Discuss about theAccounting Standards and Theoryfor Woolworth Limited. Answer: Description of the Current Lease Arrangements of Woolworth Limited The company has decided to segregate the leases based on operational lease and financial lease. The company has classified the financial leases where the different types of lease transfers involves the transfer of majority of the risk and rewards the ownership to the lessee. As per the AASB 117 guidelines" Woolworth Limited may or may not include the gross investment, which is the aggregate of the minimum amount of lease payment disabled by the lessor as per the financial lease contract and any sort of un-guaranteed residual value accrued by the lessor (Wynder, Baxter, and Laing 2012). As per the annual report analysis in the year 2016, the operating lease payments are considered as any other type of risk than the aforementioned criteria. The operating risk is recognized as per the straight-line basis over the lease term. The company further considers the increase in the fixed-rate to the lease rental payments and excluding the index based rental increases or the contingent rental increases. The company as per straight-line basis recognizes all these items over the lease term. The company further decides to categorize any liability or asset as a result of the difference between the amount paid and the lease expense brought based on the straight-line method. It further declares that the various types of operating lease incentives are initially recognized as a part of the liability and later on recognized under the lease expense, which is again calculated as per the straight-line basis over the lease term (Gaap.com.au. 2016). Recognition and Measurement of the Leases The recognition and measurement of the leases of the company is done as per the AASB 117 compliance. As per this guideline, the company will consider the commencement of lease term from the date when the lessee will be entitled to exercise the permission to utilize the least asset. Hence, it is considered as the initial recognition date of the leases. The subsequent measurement of the leases will be done based on apportionment of the reduction in the outstanding liability and financial charges. As per the AASB 117 guideline, the financial charge will be allocated during each financial period and considered the constant periodic rate on the unutilized balance of the liability. As per the paragraph, 25 of AASB 117 it has been stated charging of the contingent rents will be done as and when they are incurred. The measurement of the financial leases is further entitled to give rise to the deposition expense for the different types of depreciable assets for every reporting period (Dakis 2 016). Presentation and Disclosure in Accordance with AASB 117 The presentation and the disclosure of the leases is done as per the AASB 117 and the company further declares that the group does not intend to adopt to the new standards of AASB 16 before its mandatory effective dates. It is further stated that the group is yet to assess full impact based on the disclosures related to AASB 16 conceptual framework (Woolworthslimited.com.au. 2016). The Fresh Rules of AASB 16 Leases and the Reasons for Changes from the Present Accounting Standard AASB 117 Lease: The International Accounting Standards Board has issued revised guidelines for lease accounting. The Australian Accounting Standard Board has also incorporated same standards equivalently. The new rules of AASB 16 will be effectively used by the reporting entities for the period on or after 1st January 2019. Under the new rules, all leases except the short term leases along with the low value will be considered for accounting. Later this will be perceived in the statement of the financial performance of the entity. For Lessors, under the new rule, certain changes need to be followed unlike the existing lease accounting in AASB117 leases. Although, the lease related to the operating and finance will represent distinctively like the earlier version of the lease accounting rules specified by the AASB. Specifically, the new standard needs lessees for the purpose of leases on-balance sheet by recognizing assets ensuring the right of use and liability of lease (Wong, Wong and Jeter 2016). Currently, the right of use of assets has not been considered along with the lease liability of the reporting entities at the end of the financial report. Thus, the entities faced a lot of challenges while calculating the operating and finance leases in the balance sheet. According to Beckman (2016), the substantial impacts will be observed and the revised rules under section 16 of AASB will be followed while treating the property for leases and high value equipments. The new rule of AASB 16 supersedes the existing standard of lease mainly in the area of interpretation and the definition of the lease (Dakis 2016). Most importantly, AASB16 ensures the requirement of the enhanced disclosures by which Lessors needs to be provided in the statements of financial performance. In this way, the reporting entity will improve their performance while disclosing information in relation of risk exposure of Lessors. For instance, AASB 117 is not disclosed the residual value risk at the end of the financial report and thus the existing standard compromised in the area of representation. On the other hand, lease , under the new standard of AASB 16 needs to represent the right to control that are applied for identifying an asset, such as a floor of a building. Furthermore, AASB 117 has not provided guidance on sale and the accounting of leaseback which are now included in the new standard of AASB 16. In a nutshell, the current accounting standard AASB 117 Lease have been modified and the new rules in the form of AASB 16 introduced to improve the reporting transparency. Analysis of Impact on the Financial Position of the Company with the New Rules The overall application of the new rules of AASB 16 will have a considerable amount of material impact on the reported assets and liabilities of the group. The impact will be also seen in terms of the changes in financial ratios and the cost of implementation of new standards may be much higher than AASB 117 (AASB 2015). As per the new standard the distinction between the operating and financial leases will not be made. Moreover, Lessees will be able to bring the right use of the asset and the balance sheet will show the lease liability for all the leases. At present, the companys operating leases and rental expenses is observed to be $ 2005.5 million, which is currently defined under the AASB 117 Leases, and hence this does not show any impact on the balance sheet of the company and the lease adjustment is shown only through the Profit Loss account. As per the newer guideline, the operating leases will be capitalized on the balance sheet of the company (Woolworthslimited.com.au. 20 16). A major impact will be seen in terms of both increasing the assets and the liabilities of Woolworth Limited and furthermore the balance sheet may show an impact on covenants related to the Debt/equity ratio. Moreover, it has been observed that the PL perspective of the consideration of the leases are done on straight-line basis under the older guideline of AASB 117. As the company set to implement the newer guidelines from 1st January 2019 the treatment will result in both charging of interest and depreciation which will have an impact on the profit and loss account statement of the company. Despite the fact the preservation will be based on the straight-line method, the interest treatment will be significantly higher in the initial stages. This ratio and frontloading influence on the expenses in the PL statement and result in overall reduction in the life of the leases (Moorestephens.com.au.2016). Recommendations: Implementation of Auditor Client Relationships: The study undertaken in respect of the accounting standard provides the learning that rules relating to independence should be applied towards the application of auditor-client relationship and considers whether such rules should be modified for wools worth limited. To make such recommendations, the study provides that specific underlying provisions should be made in order to ensure that the auditor independence and confidence in the financial statement should consider the complicate accounting standards. Additional Guidelines for Woolworth with Effect to Materiality: The study provides the guidelines that the company should take into the consideration the guidelines with respect to the materiality for the those financial statements which are issued previously. This is necessary because it enables the investors to have confidence in the capital markets by ensuring that it is not being adversely affected. It is noteworthy to denote that if an error of misstatement detected by Woolworths is not material prior to any financial statement however, the effect of correcting the error is not anticipated to relate with the material in respect to the current annual report. Under such circumstances, it is best recommended that Woolworths Ltd should consider the treatment to rectify the cumulative error in the existing financial statement with clear disclosure of items in the financial statements. Pursuing the Objective Based Accounting Standards: The study provides Woolworth with the recommendations that it must formally encourage the company to undertake the objective based accounting standards. In addition to this, simplicity of objective based standard provide the ease of decision making regarding the usefulness of the financial statement for the investors. Such recommendations are supposed to have believe that this might serve as in increase in the competition of audit services. The study provides a faith that Woolworths subcommittee should modify the current reporting environment in order to reduce the burden of on the reporting entity of the company. In addition to this, ensuring such standards would help in improving the quality of financial reporting. Strengthening the Internal Control Procedure: It is further recommended that Woolworth should strengthen the procedure of internal control through appropriate auditing standards towards preliminary guidelines. Such recommendations helps in committing additional resources towards federal security regulations by fulfilling the general regulatory guidelines for periodic accounting reporting. Reference List AASB, C.A.S., 2015. Investment Property. Beckman, J.K., 2016. FASB and IASB diverging perspectives on the new lessee accounting: Implications for international managerial decision-making. International Journal of Managerial Finance, 12(2), pp.161-176. Dakis, G.S., 2016. Upcoming changes to contributions and leasing standards. Governance Directions, 68(2), p.99. Dakis, G.S., 2016. Upcoming changes to contributions and leasing standards. Governance Directions, 68(2), p.99. Eisenschmidt, K. and Schmidt, M., 2014. Integrating Prediction Markets into the Due Process of International Accounting Standard Setting-A Possible Path to Achieving Legitimate Accounting Standards.Available at SSRN 2408517. Gaap.com.au. (2016). [online] Available at: https://gaap.com.au/wp-content/uploads/2016/03/GAAP-Consulting-Special-GAAP-Report-AASB-16-Leases.pdf [Accessed 3 Oct. 2016]. Moorestephens.com.au. (2016). IFRS 16 Leases - What does it mean for you? Moore Stephens . [online] Available at: https://www.moorestephens.com.au/news-and-views/january-2016/ifrs-16-leases-what-does-it-mean-for-you [Accessed 3 Oct. 2016]. Wong, J., Wong, N. and Jeter, D.C., 2016. The Economics of Accounting for Property Leases. Accounting Horizons, 30(2), pp.239-254. Woolworthslimited.com.au. (2016). [online] Available at: https://www.woolworthslimited.com.au/icms_docs/185841_Annual_Report_2016.pdf [Accessed 3 Oct. 2016]. Wynder, M., Baxter, P. and Laing, G., 2012. Accountability and accounting standards: the effect of providing indicative but incomplete guidance rules. e-Journal of Social Behavioural Research in Business, 3(1), p.1.