Friday, July 15, 2016

Depreciation: Straight line Method Vs Double Declining methods

When a company buys a long lived asset, such as equipment, machine, etc., it is not considered as an expense in the financial statements of the company. In fact, it is treated as an asset in the balance sheet. The value of the asset is then considered decreasing with time and the part of value decreased year by year is mentioned in financial statement as the depreciation expense. The efficiency and the working capability of the long lived assets decrease due to their wear and tear with time. The rate of decrease in the asset value depends on the depreciation method, the given company has adopted. At the end of the useful life of the long lived assets, if any value remains underappreciated, that value is called the salvage value of the asset. This article can provide help with finance assignment as well as provide help with accounting assignment.
There are different methods of depreciating the long lived assets. Among them, the two most used methods are straight line method and double declining method. In each method, there is a specific way to capture the depreciation expense in the financial statements. These methods are based on the certain assumptions. Let’s discuss these methods using examples.
In case of straight line method, the value of the asset is assumed to be reduced uniformly throughout the life of the asset. So, the annual depreciation expense, in this case, is the total value of asset divided by the number of years of the useful life. For example, a company purchases a machine at the cost of $500,000 with five years of useful life. Here, machine is stated in the company’s balance sheet as an asset with the value of $500,000. Suppose the company uses the straight line method for depreciation. Then, the annual equal depreciation expense for each of five years will be $100,000 (=$500,000/5). At the end of five years, there will be no salvage value.
In case of double declining method, the depreciating rate is double than the straight line method. If the useful life is four years, the depreciating rate for the straight line method is 1 /4 while it is 1 /2 (=2*(1/4) for double declining method. Let’s have an example. For example, a company purchases a machine at the cost of $500,000 with five years of useful life. Here, machine is stated in the company’s balance sheet as an asset with the value of $500,000. Suppose the company uses the double declining line method for depreciation. Then, the annual depreciation expense for the first year will be $200,000 (= $500,000*(2/5)). For next year, the book value will be $300,000 after deducting the first year depreciation expense from the initial book value. Annual basis depreciation is shown below:
Year  Beginning book value Depreciation expense Ending book value
1 $500,000 $                  200,000 $300,000 
2 $300,000 $                  120,000 $180,000 
3 $180,000 $                    72,000 $108,000 
4 $108,000 $                    43,200 $64,800 
5 $64,800 $                    25,920 $38,880 

At the end of five years, there will be $38,880 as salvage value.

From these examples, it is clear that the annual depreciation expense is different over the life of the asset in these methods. Both methods cause the same total depreciation expenses over the life of the asset. The difference is in the timing of the recognition of the depreciation expense. These two methods influence and give impacts on the financial statements in a different way.   Let’s have a look. It will help the finance essay writer to include more information about depreciation.

In double declining method, more value of the long lived assets are depreciated in the early periods of the useful life as compared to straight line method. So, in double declining method, taxable income is less in early periods of the life of assets related to straight line method. So, the company using double declining method has lower taxable income, lower net income and lower net profit margin in the early years of the life of assets related to that of the company using the straight line method.

Due to the less taxable income in the early periods of the life of assets related to straight line method, less tax is deducted in the company in early periods using the double declining method than that of the company using straight line method.

So, the value of depreciation expense influences the financial condition and financial performance of a company by altering the financial statements. Obviously it depends on the method of depreciation a company choose to apply. Apart from that, the estimations and assumptions made under these methods have influenced the financial statements to a great extent. In depreciation calculation, two factors have to be estimated. One is the useful life of the asset. Other is the salvage value. By changing these two factors, there will be significant change in the taxable income and net income. In turn, these alter different financial ratios, which measure the financial health of a company. This article will be useful in providing the finance assignment help.

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Tuesday, July 5, 2016

How Much Money Do You Need to Be Financially Independent?

One of the very important question, that is relevant to all classes of persons of a society is ‘how much money do you need to be financially independent?’ If we do have the answer of this question, then we will have an easy life, without any financial distress. Let’s have a discussion on this issue. But before that, we should have a very clear concept of what the financially independent means. Here, how we define the financial independence is of a great concern. This article can provide help with finance assignment.
 We are financially independent means we do not rely on others’ wealth or others’ goodwill to satisfy our needs and wishes, which require money. For example, if I want to have my own house, then I should have my own sufficient money to buy a house, without asking money for this to others. This scenario justifies that I am financially independent. Let’s have another example. Suppose, Mr X has the living expense of $30,000 per year and he is earning $75,000 per year, then we can say Mr X is financially independent as he does not have to be dependent on others for his expenses. Financially dependent means you are dependent on others for money. For instance, when we are school going students, we financially depend on our parents or guardians for all kinds of expenses, whether it is school fee or whether it is for fulfilling our day to day basic expenses or whether it is for satisfying our wishes. We need to ask money for these expenses with our parents or guardians.
Financial independence is not related with the amount of wealth a person has. In other word, it is not like that all rich persons are financially independent and it is also not like that all poor persons are financially dependent. Financial independence is the function of the people’s expenses, monetary requirements and the available their own money. If the person has sufficient money to fulfill his expenses and monetary requirements he can be considered as the financially independent person, no matter whether he is rich or not. For example, suppose a person earns $30,000 per year, while his annual monetary requirement is not more than $19,000. In this case, this person is considered as financially independent. Let’s take another example. Assume a person earns $100,000 per year, but his annual monetary requirement is $101,000. In this case, he can be considered as financially dependent as he has to rely on other persons for additional $1,000 per annum, which is not covered by his earnings. So, financially independence is basically reflected through the balance between one’s monetary requirement and his/her own money/wealth. In case anyone would like to know more about this This article can be useful for essay writer.
Now, we understood what the financially independent means. The next question that comes in our mind is how much money is required to make us financially independent. If we know the answer of this question, then we never face any type of financial distress in any phase of our life, while fulfilling our monetary requirements. But, unfortunately, we can’t say a specific and single answer to it. The answer can’t be generalized. Each person has his/her own situations and conditions. Each one has his/her own lifestyle dictating his/her living costs, has own specific desires, etc. Apart from them, the age of the person or phase of his life also dictates the monetary requirements of present and future. So, these all, in together define one’s monetary requirements. Based on that, the exact amount can be calculated, which make a person financially independent. If one wonders how to do that now this article content can provide the financial management assignment help too.  As explained earlier, in order to be financially independent, one should have full and complete information about the following two things in advance.

  • All monetary requirements, including day to day expenses for present and for future till our life.
  • All capital requirements; college fee, purchase of a house, purchase of a car, etc., to be required presently or/and future till our life.

If we do have these two information, then we can easily determine the exact amount, which is required to make us financially independent. But getting this information in advance is not an easy thing. In fact, it is not possible. Our future is quite uncertain. We can’t predict our future monetary requirements in exact figure. Some urgency or emergency could suddenly come up and we need to spend the unexpected amount. This, in turn, could make us financially dependent by increasing the expenses in relation to the savings. Though, we can try to be financially independent to some extent through proper financial planning. We can plan and invest our savings in such a way that it, along with our regular income if we do have, will take care of all our expenses; present and future.

Hence, the answer of the above mentioned question is not easy. For this, a lot of analysis has to be done on the individual basis. Estimation of the future expenses has to be done. Some assumptions have to be made. After doing all these, we can come up with a figure that can make a person financially independent. But even after putting so much effort, no one can give guarantee about the financial independence of a person. This is due to the uncertainty of the future, as explained earlier. The information provided here can be used to provide the finance assignment help.

Monday, July 4, 2016

Another Cheating Controversy- This Time its University of Sydney

Medical education is always very competitive and only top quality students are able to reach to that level. However, may be due to the excessive pressure or due to some loss in personal integrity, recently, students from some of Sydney’s top medical schools are found involving in morally wrong practices. Much before the earlier issue could be settled, another cheating controversy is revealed involving mostly psychiatrists, doctors, and registrars. They are charged of cheating during their medical examination by collusion and sharing illegitimate photos of the question paper. If you are from these medical schools, and want to get away from all this, take assignment help Sydney. As per the report presented, it is found that some of the students from those medical schools are cheating in their examination since 2009. Mainly images of question papers from earlier years are shared with pediatrics, psychiatry, and community department’s students from the current batch. Unfortunately, it is the second time when similar allegations of academic misconduct are raised against the faculty of the same prestigious medical school within one year. The earlier issue involved students who supposedly interviewed dead patients, manufactured patients, and falsified records, in their integrated population medicine program. Sometimes though students start to have problems with with their study load, they start to procrastinate. Help with assignments in Sydney is designed to prepare medical students for their examination.
Generally, the main cause of this problem is that the University of Sydney seems to reuse questions from its earlier examinations as question papers from each year is made from a single repository. However, the university takes extra caution and don’t allow students to take away question paper after the completion of their examination. Unfortunately, the information that university reuses its earlier question paper is well known among students and they try to take some undue advantage of that. The university also admitted the fact openly that they reuse their question paper, and clarified, that the university reuses only a portion of the question year after year, and the question paper of any two years are always significantly different.
According to the spokesperson, although it is a prevalent practice in the university, there is no sign that this is really benefitting the students in the long run. He also revealed that every year a panel review earlier year question papers to see for which questions more than average number of students are managing to get the right answers. On the basis of this principle, on an average 1.5% of the question are removed from each year, and the rest is kept for reusing in subsequent years. You may take marketing assignment help to be ethically correct in completing assignments.
 To control this possible malpractice, the university has now made a mandate that each student needs to sign an agreement before their examination, but surprisingly, students don’t stop even after that. A recent paper in the British Medical Journal has investigated what could be the possible cultural factors inducing such ethically wrong practices among medical students. In this regard, the sharing of images is taken too seriously, as many university officials knew that the earlier students used “exam recall” strategy to remember the questions from examination and later sharing it among juniors, and they didn’t give much importance to that. Faculties of these medical schools feel that this kind of lack of security to maintain the validity of the examination is highly important as otherwise in future doubts can be raised towards the qualification of our graduates, and that would be most unfortunate. If you are also dishearten by all this, then take assistance with assignment in Sydney.

Are You One of Those Who Don’t Like Foreign Languages: Here's Why

If you have a positive response to the questions given in the title, then you must realize that you are not the one who don’t like learning any foreign languages at school or university level in Australia. There is a growing trend over the last a few decades or so, when the foreign language learning demand has significantly reduced in almost throughout Australia. Surprisingly, this trend continues even when Australia as a country is in the second decade of it so-called Asian Century. The decline in the number of students learning foreign languages is quite rapid, as in 1960 around 40% of students was learning one foreign language, but currently it has come down to around 10% of students. Even, this 10% includes students whose mother tongue is other than English. The case of Australia is quite different than other OECD countries, as in those other countries, most of the students complete school with at least one foreign language. If you want to learn some foreign language and need assistance then you can avail assignment help Sydney or help with assignments in Sydney. Interest to learn foreign language has also reduced in leading universities of Australia, as in the University of NSW 1524 students took Chinese at HSC level in the year 2005, in 2015, the number of students of Chinese dropped to 832, whereas the total number of students at HSC is 12000 more in 2015 than 2005. More interestingly, even from that 832 students a mere 153 is pursuing Chinese as a second language. The state of Japanese is slightly better than Chinese, but the number of students getting enrolled in Indonesian is really insignificant. In this situation, the most preferred second language in NSW schools is still French. If you need special assistance for learning a foreign language you can take marketing assignment help.
Most of the experts and scholars working in the field of teaching various foreign language feel that the main reason behind this decline is the “monolingual mentality” prevalent in the country. According to this mindset, individuals get a strange conviction that English as a language is enough, as it has got Australian this far, it will also do the same in the future. However, the world is not same and of late, it is changing rapidly. Especially, with the rise of new Asian countries in the world economy, an individual must know more than one language to be able to cope up with some inadvertent situation. Students tend to build up some sort of procastination towards learning or knowing foreign languages and subjects. To be able to come out of this mindset you are recommended to take assistance with assignments in Sydney.
Another more practical reason why students are losing interest of studying a foreign language is the lack of qualified language teachers resulting in lack of attention to students, especially during the early years. Even the mandatory 100 hours in year 7 or 8 is also not properly undertaken. In this context, Asia Education Foundation Research found that students tend to continue with some foreign language when they have a more choice. And in recent years, the various Government intervention has made a significant difference. As previously in 10+2 level, students need to choose 5-6 subjects and two of them had to be languages, but with recent focus on STEM (science, technology, engineering, and mathematics) students are only encouraged to take 4 subjects at this level. Naturally, students are taking subjects which will possibly help them get into some professional courses, without realizing the paramount importance learning a language holds in one’s life.

So as a concluding remark, it can be highlighted that to improve the conditions of foreign languages in the country, multiple changes at different levels are required, and most importantly, citizens need to change their monolingual mindset.

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Friday, July 1, 2016

Learn to write effective Personal Essays

Personal Essays are all about presenting your character, your way of thinking, your outlook and your personality, served to the reader in a beautiful, reflective and narrative form. Personal essays, mostly tell a story, describe an experience or merely portray the essay writer’s character. The most common occasion where personal essays are required are at the time of filling in a college application. The most colleges’ application procedure involves writing a personal statement or a personal essay based on which the authorities decide whether to take that student in or not. Thus, for all those who are soon to apply to different colleges, here are some great tips on how to write personal essays and how to crack the code!

While the basic structure of a personal essay stays similar to the five paragraph structure of any other form of essays, there are a few things that the custom essay writer must keep in mind while writing a personal essay including what the reader might be looking for in your essay? Surely, there will be a lot of things that the reader wishes to analyse about you by way of your essay like:
- What are the expectations of the course?
- What is your major area of interest?
- What are your long and short term goals?
- How mature are you in your approach?
- What makes you unique and worth taking in?
While in some cases topics will be provided, there might be places where you will need to choose your own topic. Now that will be a difficult choice to make. Before you choose a topic, remember- 
- Talk about yourself. Talk about your accomplishments and how you would add value to their organization. Talk about what you wish to achieve with the opted course and how it will change your life.
- Be crisp and to the point in your writing. Talk about specific experiences or incidents. Tell a story or simply describe an activity that you took part in. Take this as an opportunity to introduce yourself to the reader and make sure you keep him engaged.
- Highlight your uniqueness. Talking about a problem you were able to solve or a personality trait that you developed would be very appropriate till the time you do not get boastful. 
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