Compare and Contrast Presentation Outline Essay Example for Free

Compare and Contrast Presentation depict EssayWhile spending time thinking about the goal in my life, the only mavin answer coming up in my mind is to achieve triumph. But what exactly the word success should be defined? Thinking considerably, there are at least both fundamental achievements in life that inspire people. One is to be robust, while an another(prenominal) one is to be famed. Though these two words are somehow closely related if you think about the celebrities who are famed and rich at the same time, there are some others who only have high recognition scarcely not rich, such as Mother Teresa who devoted her whole life doing charity for the poor. Therefore, the topic that I am really interested in is about whether to be rich or to be famous is the secern word for success.Being famous does not necessary mean bring rich, and vice-versa. Both chiefly bring satisfaction if brought to one in a positive manner, or in a federal agency he/she intended it to. Beca use being famous and being rich are both signs leading to success, which in most cases, is the humans ultimate goal. Being just either rich or famous, other than being a positive thing, could produce highly negative and unwanted end results too. A coarse percentage of people are famous as a result of all sorts of negativity, such as criminal acts and negative politics.At the same time, a good part of the worlds medicine lords and terrorism-driven groups are fairly rich too. So when does being rich or famous become a good thing? Usually, a combination of being rich and famous, surprisingly, doesnt do as such(prenominal) harm to coexisting peers, as the former would. Although criminals who fall under lists such as FBIs most Wanted, turn out to be rich and famous, regardless of how they got to where they are. But a bigger fraction of the rich and famous category are occupied by highly paid movie stars and sportsmen, neither of whom does much harm to the society.What I expect from c ontrasting their difference is that the readers will realize being famous is the sustainable way to achieve success rather than being rich. In other words, money footnot be used to buy the fame. Though being rich is another sign of success, without being famous, one can be forgotten easily. On the other hand, being famous is eternally recognized by people. in time if they died, the world still praise and remind of their accomplishments.By standing on this opinion, people will not just look forward to making money, but will try themselves on inventing new things, creating well-favoured arts, and doing whatever they are interested to become well-known by others and then succeed in their lives. The key word to success should start from being famous and will prove that it is true by handsome examples about people who were quite poor but famous and successful in their lives. The contrast entry will be controlled differently in each slide depending on famous area of those people.As a result, this presentation is worthy to compose because it will be such a good lesson to memorise everyone, including myself, to understand the regular basis of being successful in life. Trying to be famous is the rootage step to achieve sustainable success.

Nebobites Ethical Dilemma Essay Example for Free

Nebobites Ethical Dilemma assayThis case involves a small public traded fellowship named Nebobites, which manufactures dog treats. jennet O. , CPA, is the new Assistant dominance for the Nebobites company, and her occupancy is to review and audit the financial statements for the 2012 stratum. While reviewing the financial statements, jenny noniced the companys Allowance for Doubtful Accounts balance viewmed significantly higher than in the past. This increase in the Allowance bet was due to the Bad Debt Expense estimation being found off 3% of net commendation sales instead of the prior years musical theme of 1. %. The increase in Bad Debts expense as a result of the increase in mind materially affected the 2012 earnings. However, 2012 had been a great year for earnings, so the additional expense did not disturb the earnings growth trend Nebobites had experienced in the past. However, upon further research, jenny ass could find no justification for the increase in the Bad Debt Expense cipher from 1. 5% of net credit sales to 3%. Jenny decides to approach her boss, the comptroller, Maxwell Devious.He tells Jenny he is aware of the practice known as income smoothing. Maxwell Devious says showing a calm down growth in earnings was essential to keep the Nebobite stock price high as feasible as the Smith family planned to sell-off a significant number of shares in early 2014. Jenny feels super uncomfortable with this practice, and she knows that this years financial statements testament retain an overstated Bad Debt Expense estimate and more than likely result in an understated Bad Debt Expense estimate in 2013. 2. An honest decision must be made by Jenny, because she is going to induce to decide what is morally in force(p) or wrong.This fake presentation of increase in earnings depart potentially affect all stakeholder involved with the company including their shareholders, creditors, management, employees and the customers. This fau lty practice will leave an overstated Bad Debt Expense estimate for the year and more than likely result in an understated Bad Debt Expense estimate in 2013. Jenny needs to decide whether she thinks it is more important to look profitable to investors and appear to have greater wealth or is it more important to show creditors that they do not have sufficient coin to cover their debts.She also knows that Maxwell Devious, the Controller, has an employee profit sharing plan, a management bonus plan based on earnings, significant bank loans outstanding and is planning on raising funds through a bond issue in 2014 all of these are affected by the earnings for the year. 3. By deciding not to change the estimate back to the appropriate percentage of 1. 5%, it does single out individuals and the focal ratio management group.These individuals that are Jennys superiors apparently do not want her to make the readjustment because it is in their vanquish enkindle (looking profitable amp e xploit bonuses) and not in the company and its stakeholders best interest as a whole. It is also a legal violation because the companys chief operating officer and other return-level personnel should swear that all financial data for the company is relevant and accurate, and they knowingly defend corporate policies and the GAAP. 4. In this particular situation, Jenny is faced with a couple natural selections some of which are favorable, others not so much.Jenny can choose to abide by her scandalous boss, and decide to go on with the inappropriate change in estimate. This choice whitethorn blow over for the time being, but in the long run, Jenny and the company may be audited in the future exploiting their mistakes made in the 2012 financial statements. This could cause Jenny to be immediately complete when the mistakes were finally found, as well as the supposition of jail time after an investigation and trial. Another possible route Jenny could take would be to report the inap propriate practices to an after-school(prenominal)rs attention, such as an external auditing firm.By doing so, she could save her task possibly for the time the company is being investigated, but may later be fired. Although she will at last have to find a new job, this choice may save her from being in strike with the law and potentially boost her pass offs of finding a new job due to her discovery at Nebobites. Another final option that I would see plausible in this situation would be to simply quit, if the Controller did not want to change the estimation and swear on the financial statements.The legal take chances is too high in the case, and you do not want the downfall of Nebobites to be on your shoulders. 5. By deciding to go along with the inappropriate change in estimate, Jennys job may be safe for the time being, but in the long run, Jenny and the company may be audited in the future exploiting their mistakes made in the 2012 financial statements. This could cause Jen ny to be immediately terminated when the mistakes were finally found, as well as the possibility of jail time after an investigation and trial.This is morally and legally wrong because she knowingly goes against corporate policies and the generally accepted accounting principles in order to draw the benefits. By reporting the inappropriate practices to an outsiders attention, such as an external auditing firm, she could save her job possibly for the time the company is being investigated, but may later be fired. Although she will last have to find a new job, this choice may save her from being in release with the law and potentially boost her chances of finding a new job due to her discovery at Nebobites.By choosing this option, Jenny acts in a dignified and legal manner. She knows that she is doing what is right and is protecting stakeholders of the company. The other option of simply just resigning or quitting her position would not have much effect on the company. She is play ing morally because she is not going along with the inappropriate practices of Nebobites, but she is not doing what is in the best interest for all stakeholders. The company will most likely find a new Assistant Controller for the operation who will go along with the unlawful scheme.This ultimately resulting in the downfall of the company, when Jenny could have prevented this and saved thousands of jobs by alerting an outside auditor. 6. By alerting an outside auditor to investigate this situation, Jenny does what is in the best interest for all stakeholders. This will eventually reveal the truth and allow shareholders to see the negative affect on stock prices, creditors can be informed on the debt situation of our company and be aware of the risk of dealing with us.Management will be disappointed with the actions of Jenny, in which they sacrificed their performance bonuses and will most likely fire her. The company will still have a chance to flourish, however, when the economy tu rns back around. By keeping the inappropriate estimate, Jenny will most likely be in the praises of her superiors for the bonuses they received but, in the longer run, the companys financial statements will be incorrect and liabilities to creditors will go unpaid.Shareholders will actual lose more money and the company has the potential to go bankrupt any day if the economy does not take a sudden turn around. The top executives, as well as Jenny, should live in fear of being exploited of their misinterpretations and eventually will get caught up in severe legal trouble. If Jenny simply quit without seeking outside assistance from auditors, she is still acting in a somewhat immoral and illegal manner. This is because the stakeholders of the company will inevitably still be in serious trouble due to the deception of Jenny and the hurrying management of the Nebobites company. . I believe that it is in the best interest for Jenny to consult an outside auditing firm. Although it could potentially make her lose her job when her superiors are notified, it enlightens all stakeholders involved with the Nebobites company. The risk is too great if Jenny decides to leave the inappropriate estimate as is she risks not only losing her job, but also risks going to jail, as well as losing her CPA license entirely. It is worth far more in life to be an honest and truthful person who looks out for others than it is to be a deceitful and uncaring.