Financial and Management Accounting information Essay

Financial and Management Accounting information - Essay Example Management accounting information is mainly used for internal purposes and communication to management (Berry & Jarvis, 1997). The use of financial and management accounting information to the running of an organisation are discussed in the first and second part of this essay respectively. One of the main uses of financial accounting information is for funding purpose. Capital from shareholders and loans and credit from creditors require reporting of financial accounting information to solicit funds (Atrill & McLaney, 2003; Berry & Jarvis, 1997). Since the owners or shareholders provide the funds for the organisation to run, they are interested in the returns earned on their investments. Financial ratios such as return on shareholders' funds can be calculated to assess the returns earned on their investments. They use information on past performance obtained from the financial statements comprising the profit and loss statement, balance sheet, and cash flow statement together with the present economic market conditions to predict the future returns. Also, since the shareholders elect the board of directors, they would want to regularly evaluate the management's performance. Profitability ratios, indications of earning capacity and ability to make profits, can be used by the shareholders to evaluate the management's performance. Examples of profitability ratios are the gross profit ratio, the net profit ratio, and the return on total assets. Loan creditors, such as bankers are interested in the financial stability and liquidity of the organisation, as assessed by the liquidity ratios, solvency ratios, and capital structure ratios, such as the fixed assets to long-term liabilities ratio and the capital gearing ratio. Loan creditors would also like to know whether the organisation is able to pay interest on time and to repay the principal of the loan. They can use financial ratios such as the coverage of fixed interest charges to assess the organisation's ability in this regard. They are also interested in the amount of security existing for their debt, other liabilities the organisation has and security offered for them. The balance sheet offers this information. Trade creditors let the organisation obtain goods or services with postponed payment. They are interested in the ability of the organisation to pay its debts as they fall due, as revealed by liquidity ratios, such as the current ratio and the acid test ratio/liquidity ratio/quick ratio. Both shareholders and creditors use financial accounting information to assess the timing and uncertainty of prospective cash receipts. The prospects of cash receipts depend on the organisation's ability to generate enough cash to meet its obligations when due and its other cash operating needs. The cash flow statement, when used in conjunction with the rest of the financial statements, provides information that enables users to evaluate the changes in net assets of an enterprise, its financial structure (including its liquidity and solvency) and its ability to affect the amounts and timing of cash flows in order to adapt to changing circumstances. Another use of financial accounting information is to solicit investments from potential investors (Atrill & McLaney, 2003, Berry & Jarvis, 1997). Potential investors require information on various matters, including solvency,

Analyse horror movie Research Paper Example | Topics and Well Written Essays - 2500 words

Analyse horror movie - Research Paper Example After the attempts to kill Lestat fail, Louis and Claudia set off halfway across the world in search of their own kind. In France, they find other vampires in the underworld and they join this group led by vampire Armand who has feelings of intimacy to Louis. Their stay turns tragic when the vampires in Paris kill Claudia and Louis is saved from death by Armand. Louis, Lestat and Claudia have different characters which were influenced by time, self personality and other external factors. Louis The past life of Louis as a mortal played a significant role in determining his character. Prior to becoming a vampire, Louis’s wife had died during childbirth. Louis was terribly affected by the death of his wife and he became desperate to an extent of wishing to die. In one instance, Louis narrates that his wife and infant had been buried less than a half year before he became a vampire. Louis says that â€Å"I would have been happy to join them. I couldn’t bear the pain of the ir loss. I longed to be released from it† (Interview with the Vampire). It is imperative that Louis genuinely loved his wife and newborn child. Suffice to say, Louis was also caring enough given the fact that he was felt a strong connection to his family. From Louis’ narration, it is evident that he had loving self personality. Suffice to say, his loving nature as a mortal is replicated in the relationship that he forms with Claudia as a vampire. In his mortal form, Louis was a kind person. He interacts with his slave Yvette in a respectful way without disregarding her as it would be expected of a slave to a master. After becoming a vampire, Louis exercises great restraint to prevent himself from the temptation of killing Yvette. When Yvette offers Louis food and expresses her concern about his wellbeing, Louis fights the instinctive vampire urge to kill her and drink her blood. He dismisses her from the dinner table saying â€Å"I’ll finish it, Yvette. Now leav e us.† (Interview with the Vampire).. However, he managed to suppress that urge and spared her life due to his self personality. In retrospect, it can be argued that Louis was a kind person who valued the lives of other people irrespective of their position in the society. The influence of vampire Lestat and vampire Claudia on Louis’s character cannot be understated. After becoming a vampire, Louis resisted the counsel of Lestat as it was against his will. Lestat encourages Louis kill human beings instead of feeding on animals such as rats and chicken. Lestat castigates him for his choice of food by stating that the chickens would eventually run out and he would be forced to seek other sources of food. Despite the pressure from Lestat, Louis manages to hold on to his convictions albeit for some time. However, it is notable that Louis was greatly influenced by the Lestat’s ideas. When he kills the slave girl Yvette, Louis indicates that he felt real peace when he killed. Louis indicates that Lestat’s words made sense to him since he was able to feel at ease when he killed a human being. This implies that the behavior and advice of Lestat influenced Louis’ character to a certain extent. At one point, Louis says that â€Å"Her blood coursed through my veins sweeter than life itself† (Interview with the Vampire). It was not in Louis nature to kill human beings, let alone derive extreme