Beauty vs. Brain - 1090 Words

[Beauty vs Brain!] * In todays world, the packing is more important that the content. The cover of the book is more important the book itself. The cast of the movie attracts the audiences to theatres than the storyline. Just like that, when you meet a human being, the very first thing that you notice is the way he looks. Its very natural, nothing wrong about that. More often than not, a persons talent is ignored just because he/she happens to look .. well, plain. Be it in the professional or the personal life, a man / woman needs to have a good personality to climb that ladder of success. Or not? Why do you need to look beautiful to be successful? Except of course in the glam-world of movies/modelling. It is raw talent and your†¦show more content†¦* If all you have is beauty, you are forever the helpless victim. You will be used in the work place, and at home. You will not have the brains to get out of any problems you might have. You will be ever dependant on the next guy that comes along and wants your beauty for something. And if you really lack brains, you will be too stupid to know or care that you are being used. And that is sad. Beauty is expensive to achieve and maintain[plastic surgery, make up, permanent hair removal, tattooing like to give someone permanent eyeliner, and on and on]. If you have brains, you will be able to make enough money to do all of the beauty things to become or stay beautiful. * I would have to choose brains. Of course, beauty can be a factor of social life (if you want to attract someone to you), though what other uses does beauty have? I say nothing else. * With the brains, you open yourself to many doors of futures coming your way. If you choose the doors that lead to much usage of mathematics, you can bake or design buildings and objects. If you open the door to rhetoric, you can use it to convince other people to make a difference in society. By opening the doors that lead to science, you could possibly discover a cure to a deadly and common disease or cancer. Each door of the mind reveals a way to make life better for yourself, your companions, plus people you do not know yet are still there. You merely have to decideShow MoreRelatedBeauty Vs Brains : Women s Suffrage1233 Words   |  5 PagesDiana Gil Bueno March 1st, 2016 English 110 Beauty vs Brains In the last 100 years since the woman’s suffrage movement took off, the United States has made tremendous changes toward gender equality. In that time, this country has gone from fighting for women’s right to vote to having a female candidate being a frontrunner in the race for the White House. Although women have made great strides in trying to attain equal and fair treatment, women are sadly still valued more for their appearance ratherRead MoreThe Interior Castle : Gruesome Detail With Physical Pain900 Words   |  4 Pagestrue source of beauty, her brain 3. although in a time when appearance was important for women, Pansy exclusively concerned about her interior; women would mold themselves to be reconstructed primarily for the benefit of the man a. her nose surgeon mourns the damage done to her beauty, but Pansy is secretly obsessed with the fear of damage to her brain – she wishes to be isolated in her head – she lost her means of escape 4. â€Å"What Pansy thought of all the time was her own brain †¦ â€Å" (183) - concreteRead MoreRelationship Between Nature And Nurture1397 Words   |  6 Pagesrelationship to Him (Balswick Balswick, 2014). Chapter One: Infancy Infancy is defined from birth to 24 years, although as counselors we know that lifespan development takes place during pregnancy as well. Erikson’s challenge at this stage is basic trust vs. mistrust. This vulnerable child will learn, based on the treatment they receive from their caregivers, a view of the trustworthiness of the world (Wong, Hall, Justice, Hernandez, 2015). This is a beautiful picture of God; we as finite and vulnerableRead MoreThe Death With Dignity By Kara Tippets848 Words   |  4 Pageswas a pastor, they strongly believed in the Christian way to fully live their lives to the best of their abilities. However, a twenty- nine year old woman named Brittany Maynard did not believe in assisted dying. She was diagnosed with a terminal brain tumor and decided to end her life before the tumor progressed and before her suffering worsened. Maynard strongly believed in the phrase â€Å"death with dignity† and was forced to move to Oregon from California to m ake physician-assisted dying legal. OnlyRead MoreHarrison Bergeron Literary Analysis1309 Words   |  6 Pagesâ€Å"Harrison Bergeron†. In this society, the gifted, strong, and beautiful are required to wear multiple handicaps of earphones, heavy weights, and hideous masks. In turn, these constraints leave the world equal, or arguably devoid of, from brains to brawn to beauty. With the constant push for equality among all people, Vonnegut reveals a world that society is diligently working toward. â€Å"Harrison Bergeron† is written as a form of satire with heavy irony, to demonstrate the clear difference betweenRead MoreTouching Spirit Bear Analysis943 Words   |  4 Pagesconflict with his innocent peer, Peter Driscal, with nature, with his own self, and with his inebriated parents. The book depicts the conflict of Cole vs. Peter. Enmity starts for the two when Peter turns Cole in for robbing a store. Abruptly, Cole then brutally attacks Peter by smashing his head against the sidewalk until he suffers severe brain damage. â€Å"Cole jumped on him again and started smashing his head against the sidewalk. It took six other students to finally pull him away. By then, PeterRead MoreToddlers and Tiaras907 Words   |  4 Pagesreaches adolescence or adulthood. It is only then that her actions might be associated with being a lesbian (Pratt). The construct comes down to Nurture vs. Nature. We see from the beginning, girls learn to accept diminished value and opportunity in the form of their toys. Boys are given Legos and blocks to articulate that aspect of their brain function, on the flipside women are given Bratz dolls, make-up and easy-bake ovens that assimilate early the ideas of being pretty and being able to cookRead MoreNature Vs. Society : A Timeless Discrepancy1626 Words   |  7 PagesNature vs. Society: a Timeless Discrepancy Research has proven that different environments can impact our bodies in different ways. What one sees, hears, and experiences can significantly alter their mood. In an unpleasant environment, one will feel stressed, sad and tired. A positive environment, such as nature, can completely reverse those emotions. Regardless of one s background, culture or age, humans find nature to be pleasing. It has been proven that exposure to nature makes one feel betterRead MoreMacbeth vs Holden1435 Words   |  6 Pageslarge theme between the two. Terrified someone will discover Macbeths act of murder and find him guilty his mind begins to wonder. He wonders about murder, he wonders how his wife can pursue him to this; he is curious how her cheeks stay rose with beauty as his fill with fear and un-reliable courage. (Quote: Macbeth: â€Å"Can such things be,   And overcome us like a summers cloud,   Without our special wonder? You make mestrange(135)   Even to the disposition that I  owe,   When now I think you can beholdRead MoreTransformational Leadeship in Organizations in the 21st Century1671 Words   |  7 Pagesdescribed management as â€Å"doing things right† while leadership is â€Å"doing the right things†. Kostenbaum (2002) viewed leadership as having two sides, the strategic side and the personal side, each utilizing the opposite sides of the brain. Having learnt that the left side of the brain deals with logical sequences, rational, analytics, objectivity, and looks at parts while the right side is random, intuitive, holistic synthesizing, subjectivity and looks at the whole, Kostenbaum’s view seems to make perfect

Urban Poverty And The Urban Underclass Essay - 939 Words

According to Curley (2005), urban poverty has been a huge issue for hundreds of years. The people living in inner-city neighborhoods were the primary target for poverty. It had a tremendous effect on the black population; it increased by 164 percent in ten years alone. Finding a job became hardly impossible. Therefore, neighborhoods began to segregate, leaving the disadvantaged poor behind. The neighborhoods relied on welfare to make ends meets. This resulted in an increase in crime rates (p.97). This paper was a view of how early ecologist viewed urban poverty. William Wilson’s thesis, The Truly Disadvantage, explained how social conditions led to the urban underclass. He enlightened the readers on how social isolation and concentration effects affected the inner-city neighborhoods. He reasoned that there were more jobs available in the suburbs than in inner-city neighborhoods. The jobs that were available required formal education and credentials, something the inn er-city residents lacked. The lack of education made it harder for them to get jobs. Therefore, the joblessness forced inner-city neighborhoods to start merging with lower, working, and middle-class black families. By the 1980’s the middle-class and the working-class had moved out the inner- city neighborhoods. Those who were left behind, Wilson referred to them as the urban underclass. The isolation between the groups left the underclass vulnerable (p. 98). On the other hand, Massey and Denton,Show MoreRelatedUrban Poverty: The Underclass Essay2609 Words   |  11 Pages In tackling the problem of urban poverty, William Julius Wilson calls for a revitalization of the liberal perspective in the ghetto underclass debate. He claims that liberals dominated the discussions with compelling and intelligent arguments until the advent of the controversial Moynihan report in 1965, which claimed that â€Å"at the heart of the deterioration of the Negro society is the deterioration of the Negro family† (Moynihan), After that, liberals avoided any research that mightRead MoreThe Underclass Of The United States1449 Words   |  6 PagesAn underclass does not exist in the United States. It is a function of conservative’s imaginations. The relevance of their creating of an underclass serves one large purpose and that is to be an emotional ploy to keep people politically occupied with small issues. This allows corporations to ensure that their competition will be busy fighting other battles while they continue to push policy and laws that will represent the interests of the country’s wealthiest and most powerful. A distraction isRead MoreThe English Underclass in Dr. Theodore Dalrymles â€Å"Life at the Bottom1138 Words   |  5 Pagesto express his views of the English underclass. He believes their impaired ways of life, are the cause of poverty in England, â€Å"not the economy†. Those who pledged to serve and protect, on many levels, are neglecting their respo nsibilities, either in fear of being judged themselves or by simply turning a blind eye to continuous problems within England. No one wants to accept the reality of England’s horrendous situation. Therefore their endless battle with poverty, suffering and misery will continueRead MoreInequities in Access to Quality Programs: A Detrimental Factor in Continued Strife Within the Urban Underclass 2004 Words   |  9 Pageswithin the urban setting suffer from poverty levels much greater than those in rural communities. Mona Scott (2012), explains that minority groups suffer from the effects of the inequity of poverty. African American communities experience an unemployment rate of 15 percent, whereas white communities have an unemployment rate of 10 percent (p. 177). Great strides must be taken in order to reverse the negative effects of poverty overall, and the magnified negative impact poverty has in the urban communityRead More The Two Major Causes of the Urban Underclass E ssay1870 Words   |  8 PagesCauses of the Urban Underclass nbsp;nbsp;nbsp;nbsp;nbsp;Today in the United States, as well as in many other affluent, industrialized nations, there exists an urban underclass, which is defined as a class of people that comprises members of low-income households who have little or no participation in the workforce (Gilbert 2003, p. 274). Currently there are predominantly two distinct, conflicting views of why the underclass exists. On one hand, there is the notion that the underclass is simplyRead MoreFactors Contributing For Criminal Activity Among African Americans1587 Words   |  7 PagesAmericans. Throughout his study, he observed that if men are moved from different environments, they began to lose harmony with the environment that results in crime (Shaun L. Gabbidon,2015). Dubois used variables such as age, unemployment, and poverty to explain crime (1899). Furthermore, Dubois study became a template to be used in studies that come to follow. During the 1900’s, cities such as Chicago began to exp erience some of the same challenges that were previously studied in PhiladelphiaRead MoreFamily Structure in the Nineteenth Century Essay7830 Words   |  32 PagesAbstract Family structure in the United States has undergone a dramatic change since the 1960s. The percentage of female-headed households increased while the percentage of married couple households declined. This paper uses data from the Urban Underclass Database to explain the roles the transforming economy (from manufacturing to service) and the subsequent employment dislocation play in the family structure change. Results for the largest 100 cities in the United States find support for a relationshipRead MoreRacial Segregation Within The United States780 Words   |  4 Pagesthe distinctive patterns of poverty among African Americans revolves around the question, â€Å"is it class or race that causes (and perpetuates) such misfortune of African Americans?† Scholars have looked at patterns of residential segregation in their attempts to answer such a question. Massey and Denton explore racial residential segregation in the United States throughout the 20th century. They argue that the making and concentration of the (African American) underclass in inner cities resulted fromRead MoreAnalysis Of The Movie Trainspotting 1513 Words   |  7 PagesFilms). When the book was published Welsh was condemned for glamorizing heroin abuse, to which he responded that he was only depicting what was going on, what he knew, and who he knew. The book and the movie mirror the reality of the creation of an underclass in Edinburgh in the late 1970’s and 1980’s. Historically opiates have been a part of Edinburgh since the late 1600’s. After heroin was synthesized and began being used as a painkiller in 1894 Edinburgh became the capital of opiate production asRead MoreEducation Funding For Inner City Schools945 Words   |  4 PagesWhile all these possibilities from providing increased educational funding to inner city schools seem to provide a solution to the educational difficulties, the underclass is a multifaceted problem with several contributing factors. For example, the issue of students dropping out of school is not only affected by simply the quality of their education and resources. The appealing allure of drug dealing and belonging to a gang, both behaviors that involve criminal actions that could lead to incarceration

Poverty Of Being Unwanted, Unloved And Uncared For Is The...

Global Poverty One of the most famous quotes from the late Mother Teresa is â€Å"We think sometimes that poverty is only being hungry, naked and homeless. The poverty of being unwanted, unloved and uncared for is the greatest poverty. Poverty still remains as one of the main obstacles and issues people are facing particularly in the world. According to the website thebreakthrough.org, poverty tops off the list as the biggest challenge when in comparison with another immediate concern- Global Warming. Deprivation is most important problem no matter climate impacts. As of 2013, there were about 2.47 billion people in the world living in poverty with an income of USD 2 or less a day most of them from developing or under developing countries located in African and Asian continent. The population living under poverty only declined from 2.59 billion to 2.47 billion between 1981 and 2013 respectively. Hence the declines principally are seated mostly in developed countries (1). According to the www.merriam-webster.com, the definition of poverty is generally defined as the state of one who lacks a usual or socially acceptable amount of money or material possessions. The United Nation, however defines poverty is ‘a denial of choices and opportunities, a violation of human dignity’ (2). It means lack of basic capacity to participate effectively in society, not afford to go to either clinic or school, not having the land on which to grow one’s food or a job to earn one’s living. WorldShow MoreRelatedThe Gretest Poverty of All: Bieng Unwanted, Unloved and Uncared For 1042 Words   |  5 Pagessometimes that poverty is only being hungry, naked and homeless. The poverty of being unwanted, unloved and uncared for is the greatest poverty.† (Mother Teresa) South Africa’s poverty affects the country in numerous ways; however and the most vulnerable margin in the country is the most effected. Children are the most vulnerable aspect in any country, as they are still developing, and don’t have the resources to be independent; they are also only able to take what they are given without being able to changeRead MoreHunger, Poverty And Economic Development929 Words   |  4 PagesHunger and Poverty â€Å"We think sometimes that poverty is only being hungry, naked and homeless. The poverty of being unwanted, unloved and uncared for is the greatest poverty. We must start in our own homes to remedy this kind of poverty†--Mother Teresa. This quote speaks deeply to those who are suffering from hunger due to the fact of the country being in poverty. What actually causes hunger? Most of us assume that it would be the countries poverty level, well most of us would be right, but thenRead MoreThe Poverty Of Being Unwanted, Unloved And Homeless924 Words   |  4 Pagesâ€Å"We think sometimes that poverty is only being hungry, naked and homeless. The poverty of being unwanted, unloved and uncared for is the greatest poverty. We must start in our own homes to remedy this kind of poverty.† -Mother Teresa Mother Teresa’s quote speaks volumes to me. When I read this I thought of our own community and those who live in it. Having first-hand experience of seeing the struggles the children have from diverse backgrounds in school when parents cannot help has made suchRead More Mother Teresa Essay1040 Words   |  5 Pages She dedicated her life serving the poor. She loved the unloved, cared for the un-cared, helped the dying, the cripple, and the mentally ill. She served everyone with her love and the love of God. She touched the hearts of those who doubted her because of her love and commitment to God. Mother Teresa lived an extraordinary life. nbsp;nbsp;nbsp;nbsp;nbsp;Agnes Gonxha Bojaxhiu, later named Mother Teresa, was born on August 26, 1910 in Skopje, Yugoslavia. She was born into an Albanian Roman CatholicRead MorePoverty and Homeless People893 Words   |  4 Pagesturn the adjective into a noun: the poor not the poor people; the homeless, not Ann or the man who lives in the box or the woman sleeps in a subway gate.† Its kind of funny. As a child I can remember being sent up to my room for punishment when I didn’t follow the rules. I hated it. I hated being in a place with four walls and the fact that I didn’t have the freedom to get out. As I went back for Christmas break I can remember the feeling I got when I walked into my room and even more when I layRead MoreHomelessness : America s Resources For The Homeless Are Scarce1452 Words   |  6 Pagesgovernment and citizens of America can do to help provide for homeless citizens and enable them to provide and function on their own. Homelessness is one of the top major issues in America today. I plan on finding out how to help redeem citizens from being homeless. We have to work together as a community and provide housing a range of support services, such as addiction treatment, mental health services, medical treatment, intensive case management, assertive community treatment, critical time interventionRead MoreMother Teresa By A gnes Gonxha Bojaxhiu1232 Words   |  5 Pagesin India for two years before she contracted Tuberculosis and was unable to teach anymore. After being sent to rest and recuperate in Darjeeling, India, it was at that place which enlightened her to help the poor and needy of India. After being granted permission to leave the Sisters of Loretto, Mother Teresa hoped to accomplish her goal to help the slums in India. In 1943, major famine and poverty broke out in India and Mother Teresa was immensely disturbed by her surroundings. Mother Teresa replacedRead MoreI Admire My Own Leadership Style1536 Words   |  7 PagesSister Teresa learned to speak both Bengali and Hindi fluently and taught geography and history. She strived to ease the girls poverty through education. In May of 1937, she took her Final Profession of Vows and following tradition took up the title of â€Å"Mother† and consequently became known as Mother Teresa. Mother Teresa continued to dedicate herself to Saint Mary’s, poverty, and leading students to a life devoted to Christ. On September 10, 1946, Mother Teresa experienced a change of heart that wouldRead MoreA Transformational and Servant Leader: Mother Teresa of Calcutta3634 Words   |  15 PagesEnglish woman named Mary Ward. Mary Ward was a woman who desired to be â€Å"Wholly Gods and who believed that women like men could serve the Church equally well anywhere in the world and use their giftedness to bring the Gospel of Jesus to those in greatest need. Mother Teresa believed in that mission and after learning English, left to the city of Darjeeling India to begin her work. She took her first vows as a nun on May 24, 1931 and chose the name Teresa after the patron saint of missionaries. She

Evolution of Computer Technology - 1581 Words

INTRODUCTION: Several centuries have been taken toward the development of inventions made by different people into modern forms. Single inventors rarely bring out modern invention. What we have now as electronic devices (the computers) are inventions of several scientists, mathematicians and engineers from different centuries. For the purpose of this mini research key terms like evolution, technology and computer shall be considered, not forgetting to take a careful look at the evolution of these inventions from different centuries/years to our present generation starting from the earliest known device. The characteristics of these devices from generation to generation and their classification according to sizes, functions and uses shall†¦show more content†¦RAM also stores the result of a processed data, waiting to be transferred to output device or secondary storage device. It is a temporary memory and the content of RAM is erased when a computer is turned off and data stored in it can instantly be accessed. The storage of RAM is expressed in megabytes and its capacity or size limited. An area of RAM set aside for storage of most frequently accessed information is the CACHE memory. It is a temporary high speed data holding area between the memory and the central processing unit. RAM has four parts: the conventional memory which consist of the first 640KB of RAM, used by operating system and device drivers; Upper Memory Bound (UMB) located between 640KB and 1MB of RAM, used by device drivers: extended memory (XMS) which include direct access memory above 1MB; and Expended memory: a special part of ram that is up to 32MB and exists outside the conventional memory. Read only memory (ROM) is preloaded with data and software that never changes, so the central processing unit (CPU) can only read it.ROM is typically used to store the computer’s initial start up instructions. It retains its data indefinitely. In a personal computer (PC), ROM contains a specialized program called the BIOS that orchestrates loading the computer’s operating system from the hard disc drive into RAM whenever the computer is turn onShow MoreRelatedTechnology at Its Roots: The Evolution of the Computer1338 Words   |  6 PagesTechnology at Its Roots Everyday we continue to invent new things to help technology march forward and evolve into something better. Computers need to be quicker, phones need more features, pictures need more clarity, and calls need to be clearer. No matter what the subject, if technology is involved, someone always desires to reinvent it and make it better. This idea is true when it comes to all forms of technology. We constantly want to improve our devices so they may fulfill our needs with moreRead MoreEssay on Evolution of Computer Technology and Operating Systems1601 Words   |  7 PagesThe personal computer underwent drastic changes with the introduction to advanced computing software and hardware. The evolution of computers did not develop on its own; key influential figures such as Steve Jobs and Bill Gates led the revolution of technology. These well-known individuals competed with each other by continually innovating and creating more and more advanced technology. Computer technology moved forw ard when Intel created 64-bit technology and advanced kernels to compliment the upgradeRead MoreEssay about Technology And Society1676 Words   |  7 PagesTechnology and Society Historical evolution of technology and its impact on society In society today, technology plays an important role in peoples lives and in businesses and organizations around the world. Most technologies existing today were designed to expedite the way we manage, store, handle, analyze, and communicate information. It has evolved over many years and the beginning of it can be traced back to the Industrial Revolution where machines began to replace the manual laborRead MoreHow Computers Changed The Way We Work1059 Words   |  5 PagesThe word ‘computer’ is well-defined as someone or something who calculates. A computer is an overall purpose device that has industrialized a lot over the years. From the ENIAC to the flat screen laptop, it is remarkable to see how computers have advanced. We went from having a computer that occupied a huge room with what we have in the office and at home today – a miniature, efficient version of the first computer. Computer technology continues to progress and will continue to do so for age s toRead MoreComputer Evolution Evidenced in the essays Toward An Intelligence Beyond Man’s by Robert Jastrow and The AI Revolution Is On by Steven Levy660 Words   |  3 Pagesshowed his view on computer intelligence and predicted that computer intelligence will be a new kind of evolution. Jastrow stateed that computer nowadays is as intelligent as human brain; they can communicate with human, learn from experience, and raise logical questions. The more complex the computer, the better they imitate human. He predicted that computer will as important as life in future years. Then, Jastrow used the example of Arthur Samuel and IBM computer to show computers can learn fasterRead MoreHow To Encourage People To Use Technology 793 Words   |  3 PagesHow To Encourage People To Use Technology  The evolution of modern technology has certainly changed the way we live. Indeed, modern technology has evolved enormously and rapidly in recent years and has brought with it changes in our life of beneficial changes, and other harmful. What are the advantages of modern technology? (Legris, P., Ingham, J., Collerette, 2003) How is it harmful to humans? The evolution of technology has been beneficial to humans for several reasons. First, it facilitatesRead MoreAnalysis Of The Article History Of Technology By Robert Angus Buchanan1012 Words   |  5 Pagesbecome a prime example of the evolutionary process surpassing the predators which once preyed upon us to becoming the top of the food change. Although our evolution is an amazing feat we have used the knowledge of billions of years of evolution to create something in which blows our evolutionary process into shambles,that something being technology. As our brains developed to the adapt to our surroundings, we became more intel ligent and more creative. This gave leeway to our instincts to create. SinceRead MoreImportance Of Advancements In Technology758 Words   |  4 PagesAdvancements in technology affect many aspects of our lives in today’s society. Whether the affects are positive or negative, it can be sometimes difficult to imagine a world without some sort of modern day technology. The idea of technology as a part of our daily lives, can affect how people use technology in the future. The reliance on technology, that a lot of people today have when using their mobile cellular phones and gaming technology such as computers and gaming consoles, can cause negativeRead MoreHow Technology Has Changed Our Lives951 Words   |  4 PagesIn today’s society, technology has increasingly become more present in our lives. Grow-ing up, what I remember most was whenever I was a home, the one place anybody could be sure to find me was in my bedroom, sitting behind my Sony laptop doing random things . For many people, including myself, who grew up around computers and technology, it is really hard to imagine living in a world without them by our sides since we are so used to having them around. So where did computers and laptop even comeRead MoreComputer Science Laboratory ( Csl )1264 Words   |  6 Pagesflat panel computer displays from large area amorphous sheets. Its been believed that The wall display was used as input for scanning images and electronic pens. These researchers anticipated such computer walls different than one person one-desktop computer convention. They got the idea of spreading computers ubiquitously and invisibly through environment from this idea. Concurrently, anthropologists from PARC (Lucy Suchman) were working on people s behaviour towards technology and they figured

The Economic Development Of Ghana Essay - 1014 Words

The Economic Development of Ghana Ghana is an African country located on the western side of Africa. Its neighbors are Burkina Faso to the north, Togo to the east, the Atlantic Ocean to the south, and Cote DIvoire to the west. It has a population of 18,100, 703 and a population density of 197 people per square mile. Ghana is 92,098 square miles and English is its official language. The capital city of Accra has around 1, 673,000 people residing in it. There are the physical statistics, now onto the more interesting part. The countrys greatest strengths lie in its natural resources. In those terms, it is very rich. Cocoa, its biggest export, accounts for 15% of the worlds supply. Also its gold production, in recent years, its exported†¦show more content†¦With the new urban communities and mining, pollution is a very serious problem in this small nation. As for other statistics that are related, its farming does well because of the two rainy seasons. There is only one doctor for every 12,523 people, but because of hygienic lessons, that doesnt cause too much of a problem. The major causes of death are malaria, diarrheal diseases, and tuberculosis (due to the pollution). As for regions, the north is rather poor, while the urban south is richer. Now I chose Ghana for multiple reasons. First of all, because I always thought that Ghana was near the Philippines for some reason. So I decided that itd be good for me to research it. Also, as I said, Ghana is very rich in natural resources. If you helped them get off on the right foot, not only could they help themselves, but you could make some money also. Ghana would also be a good place for economic help because all of its close neighbors also. If a neighboring country saw that what they were doing was working, theyd either mimic them or ask them for help (as long as the countries werent enemies). So hopefully itd spread throughout the region. Now for government. The history of Ghana and its politics is very violent and turbulent. It has a long history of coups and militant overthrows, for a while it happened every couple of years. Even the current president, Jerry Rawlings, led two himself in 1979 and 1981. From 1981 to 1992, Rawlings was the leaderShow MoreRelatedBarriers to Economic Development in Ghana1431 Words   |  6 PagesEconomic development has to occur after a period of sustained economic growth. It is therefore the growth in total economic output accompanied by changes in the structure of the economy. There are many barriers to economic development in Ghana. Eight of them are discussed below: First and foremost, Ghana like most developing countries is enriched with natural resources or deposits but the human capital is not able to transform them to achieve rapid economic growth and development. For economicRead MoreEffects Of Foreign Direct Investment On Economic Growth1211 Words   |  5 PagesDirect Investment on Economic Growth in Ghana Abstract It has been widely believed that Foreign Direct Investment (FDI) assists developing countries with the much-needed capital for economic growth. Part of the foreign direct investment is the inflow of up to date technology and management skills. In this paper, I will investigate to what extent foreign direct investment inflows into Ghana affects the nation s Economic Growth and Development by addressing selected macro economic variables includingRead MoreGhana, A Nation On The West Coast Of Africa1662 Words   |  7 PagesGhana Ghana, a nation on the West Coast of Africa, is a standout amongst the most flourishing vote based systems on the landmass. It has regularly been alluded to as an island of peace in a standout amongst the most disordered regions on the earth. The nation s economy is ruled by agribusiness, which utilizes around 40 percent of the working populace. Ghana is one of the main exporters of cocoa on the planet. It is likewise a noteworthy exporter of wares, for example, gold and timber. Ghana hasRead MoreU.s. Relations : Foreign Relations848 Words   |  4 PagesU.S.-Ghana Relations U.S. involvement in Africa in general, Ghana in particular, has shown ebbs and flows according to a broad range of factors including, most notably, political stability, economic growth and safety measures. Probably, Obama s much-hyped visit to Ghana in 2009 is an indication of U.S.-Africa s dynamic relation that has historically been centered on aid. Ghana, a West African country, has witnessed a steady economic growth over recent years, and by virtue of her political stabilityRead MoreEffects of Human Capital on Maize Production in Ghana Essay1555 Words   |  7 PagesAgriculture constitutes about one-third of GDP and provides employment for about two-thirds of the labor force in Sub-Saharan Africa. Productivity growth in agriculture is therefore an important element for economic growth and development. Yet, growth in this sector has been slow. According to the World Bank (1989), agricultural growth for the continent from 1980 to 1989 averaged only 1.8% per year. Therefore, â€Å" improving this growth rate is of increasing concern for both governments and internationalRead MoreSocio Economic Impacts Of Gold Mining1359 Words   |  6 Pages UNIVERSITY OF GHANA DEPARTMENT OF GEOGRAPHY AND RESOURCE DEVELOPMENT SOCIO-ECONOMIC IMPACTS OF GOLD MINING AT DUNKWA-ON-OFFIN AND IT’S SURROUNDING ENVIRONMENT BY ISHMAEL KWARTENG 10410625 THIS THESIS IS SUBMITTED TO THE UNIVERSITY OF GHANA, LEGON IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF GEOGRAPHY AND RESOURCE DEVELOPMENT DEGREE DECLARATION I declare that this thesis is my own original work undertaken under the supervision of Dr. Emmanuel Attua and of the DepartmentRead MoreInternational Economics And The Field Of International Development716 Words   |  3 Pagesintern in the field of international development. These courses are: International Economics (Manisha Pradhananga, Professor), Business Society (John Spittell, Professor) Environmental Natural Resource Economics (Steve Cohn, Professor) and Environmental Ethics (Bill Young, Professor). These particular courses had a great impact on my decision to pursue a major in Economics and a double minor in International Relations Business. In International Economics, I had written a research paper on low-incomeRead MoreProblem Statement : Youth Unemployment, Livelihood Insecurity And Social Protection1506 Words   |  7 PagesIntroduction: problem statement – Youth Unemployment, Livelihood insecurity and Social Protection in Ghana In the past 20 years Ghana has experienced a considerably rapid economic growth of Ghana, majority of the people in the Northern region are still suffering from severe poverty. (World Bank). In spite of the economic growth in Ghana, 68.8% of the Northern region is still poor. The Northern Region of Ghana (Upper West, Upper East and the Northern region) has lost over 500,000 of its population to theRead MoreGhanas Agriculture Sector Essay1579 Words   |  7 Pagesdomestic product (GDP), and provides over 55% of the population’s jobs (Ghana Agriculture). Ghana’s climate is tropical; warm and dry along the southeast coast; hot and humid in the southwest, and hot and dry in the north. The terrain is mostly low plains with divided plateau in the south-central area. The overall percentage of land use is 17.54% of arable land and 9.22% of permanent crops. Environmental current issues in Ghana are deforestation, overgrazing, soil erosion, droughts, water pollutionRead MoreThe Country Of Western Africa Essay1280 Words   |  6 Pagessmall in area and population, Ghana is one of the leading countries of Africa, partly because of its considerable natural wealth and partly because it was the first black African country south of the Sahara to achieve independence from colonial rule. Ghana. Encyclopà ¦dia Britannica, Inc. Cape Coast Castle, Ghana Juliet Highet/Black Star In addition to being known for its lush forests, diverse animal life, and miles of sandy beaches along a picturesque coast, Ghana is also celebrated for its rich

Supply Chain Management Executives †Free Samples to Samples

Question: Discuss about the Supply Chain Management Executives. Answer: Introduction Inventory management is one of the top areas of concern for most of the supply chain executives. Effective inventory management is what separates best in class companies from laggards (Wagner, Kemmerling, 2014). Inventory management comes into picture because no matter how many models were developed and research is conducted in the area of demand forecasting, forecasts are always unpredictable and there is always c challenge in balancing supply and demand. If the company increases the supply anticipating huge demand, then the holding and carrying costs will go up and there is also huge risk of obsolescence due to short life cycle of products in this age of rapid change in technology. At the same time, if the company decreases its supply anticipating low customer orders, then there is opportunity costs and loss of profits as well as it is also possible that company may permanently lose the customer in future sales. As a result, there is a tradeoff between manufacturing excessive inventory of finished good items as well as keeping the low supply of finished good items. Similarly, each time, manufacturer placed orders with suppliers for raw materials requirements, it incurs an ordering costs like preparation of requisition, conversion of requisition to purchase order, approval of purchase order, supplier communication costs. Thus, it will be easy to believe that manufactures will try to reduce the frequency of orders by placing orders with large quantities however there is a tradeoff here also. For instance, if manufacturer places order for large quantity, holding or carrying costs will increase as bigger space will be required to hold extra inventory. Holding costs are the costs related to storage facilities, insurance, breakage, more security, taxes and so on. Thus, there are multiple tradeoffs that manufacturers has to face in effectively managing the inventory (Sarkar, Chaudhuri, Moon, 2015) . To be more precise, Inventory management answers the questions of how much quantity should be ordered in a given order and when the order should be placed such that manufacturer will maximize its customer service and at the same time by lowering its inventory investment. It would be correct to say that inventory management is one of the most important concerns for organizations. The objective of organizations is to have an automated inventory management system in place that would ensure that there are no stock outs and at the same time inventory holding cost is also minimal. Over a period of time, many models were developed for managing the inventory and each model has its own pros and cons. There is no one model that suits all the organizations and organizations are using appropriate models based on their requirements. Also, most of the organizations are using more than one model or combination of models to manage their inventory. Below are some common models that are used to ma nage the inventory: Min-Max ordering technique In this technique, maximum and minimum inventory levels are defined for each item and as soon as the item quantity falls below the minimum level, buyer will be notified and system will suggests to place an order for the quantity that will again make the stock levels to maximum. The biggest drawback of this type of technique is that it does not take into account the lead-time of the item. As a result, this technique is not very common. However, this technique is used within the same organization for replenishing item from one department to another. This technique is an old technique and organizations rarely use this technique to manage their inventory management and operations management problems. This strategy is built so as to overcome the weakness of Min-max technique i.e. it uses the lead-time of items in suggesting the order quantity and timing of the order. In this technique, when the inventory levels falls to the reorder point, order is triggered for replenishment. At the reorder point, on hand inventory is equal to the sum of the quantity required during the lead-time period and safety stock. The idea is that order quantity will be received on the day when on hand quantity becomes equal to safety stock (Moon, Shin, Sarkar, 2014). Thus, company will never have to use their safety stock unless there is some real emergency. However, the quantity of the order is actually calculated by Economic order quantity (EOQ). Economic order quantity calculated the quantity of items that company should buy in order to minimize its total inventory costs including ordering costs and holding costs. There is a tradeoff between ordering costs and holding costs. As one increases, the other one will decrease. In economic order quantity, total cost is calculated and then minimized to get the order quantity. The cost is minimized when the ordering cost is equal to holding cost (Cobb, Johnson, 2014). This is a very useful model for businesses. There are certain assumptions like demand is relatively constant or known over time, lead time is known, item is purchasable in batches, holding cost is directly proportional to number of units stored, shortages are not allowed. It is not advisable to use this tool when the shelf life of the item is less, there are restrictions on batch size of the order or in make to order environment. The diagrammatic representation of Economic Order Quantity can be shown as: Period Order Quantity Economic order quantity assumes that the demand is constant over a period of time. This assumption is not at all suitable in a real world because demand is highly volatile. Thus, Period order quantity is more acceptable when the demand is lumpy; there are restrictions on minimum order by suppliers and so on. In this technique, order is placed for the quantity, which is sufficient to meet the demand of period which is equal to EOQ divided by average weekly usage (Chen, Cardena-Barron, Teng, 2014). This strategy is further optimization over EOQ as it can reduce the carrying costs when the demand is not uniform. Inventory accuracy is another important concept in area of Inventory management. It refers to how closely the quantity of inventory in system matches to the actual physical quantity lying in the warehouse. For example, often it is possible that systems quantity is different than actual quantity. This happens due to theft, misplace of items, forgot to update issued and returned items into the system. This is a very dangerous problem because often the customer promising is done based on the quantity present in the electronic system. Now, if the quantity is promised but physically the item does not exists, it will results in poor service levels. Therefore, it is very important that at a given point of time, your system quantity and physical quantity at warehouse should match. In order to improve accuracy, organization can periodically count the item quantities physically and correct the system quantities. It can count the high cost critical items more frequently as compared to low cost items. This is the age of competition and globalization. During such times, companies are bound not to charge the high price for their products because customers has high bargaining powers in most of the areas due to the increased competition. As a result, companies are looking back to cut their costs and improve their business processes so as to improve the margins. Effective inventory management can helps the companies is saving a huge amount of money and thus directly contribute in the bottom line of the company. This is a reason that inventory management has become one of the most important area of concern for the executives and industrial engineers. There are many costs with keeping the excessive inventory. Ordering and holding costs are the most obvious and visible costs but they are not only the tip of the iceberg. There are much more problems which are hidden under the iceberg due to excessive inventory that actually has the huge impact on the profitability of the organization. For example, if the organization is maintain too much inventory and fulfilling the customer orders from the finished goods inventory, many problems remains unexposed in the system. Even if the bottleneck resources are not utilized to the maximum as they control the capacity of the entire factory, this problem will remain hidden (Gungor, Evans, 2017). Also, most of the problems like long changeover times, poor quality, frequent reworks, poor layouts, poor job scheduling, poor business processes and many more will not be exposed if the organization is maintain too much inventory because there will never be sense of urgency to fix the problem when inventory is already available (Gupta, Iyengar, 2014). As a result, organizations will continue to spend higher money due to poor quality and inefficient processes and not able to realize their true potential. This is the age of Lean manufacturing. Lean manufacturing treats inventory as one of the 7 types of waste as it hides the other problems from surfacing (Bhasin, 2015). Sea level is like inventory level and it is hiding the problems under water. As the company started reducing its inventory levels or sea level, more and more problems will be surfaced and the company has to deal with those problems so as to sail smoothly. The aim of the Lean systems is to have zero inventory i.e. just in time however this strategy is not possible in some of the industries. But the thumb rule is that organizations should aim to reduce their inventory as much as possible. This reduction in inventory will expose the hidden problems in the company and as the company will work towards hidden problems, it will gradually improve its financials. For example, during the time of low inventory, customer orders needs to be filled from manufacturing and thus job scheduling, quality everything should be right so tha t it is possible to manufacture it in expected lead time. Financial implications of Inventory There is huge financial implications of maintaining inventory. Inventory is the big portion of the Asset part of the balance sheet. If the companies effectively manage the inventory and reduce its investment into inventory, it can invest the saved amount at some other place and can earn the better interest (Elking, Paraskevas, Grimm, Corsi, Steven, 2017) or they can prepay the loan or they can simply pay back the money to their suppliers and get the discount of 2-3%. It is because most of the suppliers charges some interest rate which is hidden from the buyer if the buyer agrees to pays after few days. Therefore, most of the suppliers will agree for a discount if a buyer will pay them upfront (Hoberg, Protopappa-Sieke, Steinker, 2017). Also, inventory turnover is the important parameter that the company can target in order to reduce the inventory. This parameters calculates the number of times organization is able to sell its inventory in a given year (Feng, Li, McVay, Skaife, 2014). More it is, better it is for the organization. Also, this parameters varies based on the industry. So, it is important that the organization that is planning to use this parameter should take the best in Class Company in its industry and then set the targets based on that. Conclusion As the organizations are finding it difficult to increase their topline due to massive competition, they are focusing more on improving their operations internally to improve their financials. Having excessive inventory is too much expensive for the organizations and reducing the inventory is also increasing the risk of stock outs. Thus, inventory management has become very important to balance the demand and supply and savings arise from inventory management is directly transformed into bottom-line of the company. This is the reason that inventory management is one of the most important area of concern in most of the corporation. References Bhasin, S. (2015). Lean Process Requirements. InLean Management Beyond Manufacturing(pp. 51-102). Springer International Publishing. Chen, S. C., Crdenas-Barrn, L. E., Teng, J. T. (2014). Retailers economic order quantity when the supplier offers conditionally permissible delay in payments link to order quantity.International Journal of Production Economics,155, 284-291. Cobb, B. R., Johnson, A. W. (2014). A note on supply chain coordination for joint determination of order quantity and reorder point using a credit option.European Journal of Operational Research,233(3), 790-794. Elking, I., Paraskevas, J. P., Grimm, C., Corsi, T., Steven, A. (2017). Financial dependence, lean inventory strategy, and firm performance.Journal of Supply Chain Management,53(2), 22-38. Feng, M., Li, C., McVay, S. E., Skaife, H. (2014). Does ineffective internal control over financial reporting affect a firm's operations? Evidence from firms' inventory management.The Accounting Review,90(2), 529-557. Gungor, Z. E., Evans, S. (2017). Understanding the hidden cost and identifying the root causes of changeover impacts.Journal of Cleaner Production. Gupta, S., Iyengar, C. (2014). The tip of the (inventory) iceberg: while most retailers focus on the inventory that is visible in their stores and distribution centers, too few pay attention to the hidden costs of high inventory.Supply Chain Management Review,18(6). Hoberg, K., Hoberg, K., Protopappa-Sieke, M., Protopappa-Sieke, M., Steinker, S., Steinker, S. (2017). How do financial constraints and financing costs affect inventories? An empirical supply chain perspective.International Journal of Physical Distribution Logistics Management,47(6), 516-535. Moon, I., Shin, E., Sarkar, B. (2014). Minmax distribution free continuous-review model with a service level constraint and variable lead time.Applied Mathematics and Computation,229, 310-315. Sarkar, B., Chaudhuri, K., Moon, I. (2015). Manufacturing setup cost reduction and quality improvement for the distribution free continuous-review inventory model with a service level constraint.Journal of Manufacturing Systems,34, 74-82. Wagner, S. M., Kemmerling, R. (2014). Supply chain management executives in corporate upper echelons.Journal of Purchasing and Supply Management,20(3), 156-166.

Case Study and Lecture Notes on Conagra Foods INC And Corning INC

Question: Case study on Conagra Foods INC and Corning INC. Answer: Conagra Foods INC Conagra Foods INC, a registered company in USA, is one of the largest companies dealing in providing best packaged foods to the consumers in North America. Approximately 97% of Americans uses the products of the company. In the year 1919 the company was known by name of Nebraska Corporation and in the year 1975 by name of Delaware Corporation. (Page 1 of Form 10K). With the focus of increasing the core operations and expansion in the Industry, the company has announced to acquire the RalCorp Hlodings INC in the year 2012 and completed the same in 29th of January 2013. Ral Corp Holdings INC is the manufacturer of private brand products consisting of Cereals, processed foods like pasta, toast, etc. The company has two segments one is Food Group and other is frozen bakery group. The acquisition of Ralcorp holdings has made the Conagra Foods INC as parent company with 100% acquisition of Ralcorp. Amount of $4.75 billion has been paid as purchase consideration along with the assumed liabilities. (page 69 of Annual Report) The acquisition has been planned from November 2012 and the purchase has been made step wise. Corning INC - Corning INC, a registered company in USA, is the leader in the World in the industry of companies manufacturing the glass. Earlier it was known by the name of Corning Glass Works. The company has around seventy factories located in approximately fifty countries where the manufacturing is done and operated in different five segments. (Page 2 of Form 10K 2013). In order to have synergies, the company has acquired the remaining 42.50% shares of Samsung Corning Precision Materials on 15th of January 2014. Samsung Corning Precision Materials deals in manufacturing of LCD glass in Korea and gives royalty to the Corning INC for the use of Patents, Trademarks and Copyrights given by the latter to the former company. The purchase consideration includes issue of shares to the shareholders of the target company by which the shareholders become owner of 2300 shares. It consists of 1900 shares being issued from preferred stock of the company and 400 shares issued in cash. (page 74, Annual Report2014) Purchase has been made step wise. In the year ending 30th September 2013 the Corning INC has increased their share of ownership from 50% to 57% . In order to increase their holding and in order to have profits the company has completed the acquisition in the beginning of 2014. (page 71 ,Annual Report2014) The name of Target Company now has been changed to Corning Precision materials. Consideration also includes the amount on the basis of future revenues and on the basis of the quantum of future sales. (page 74, Annual Report2014) ALLOCATION OF ACQUISITION DIFFERENTIAL - As per the accounting policies, standards and related GAAPs, the differential amount between the purchase price and the net asset value calculated on the basis of fair value is either transferred to the Goodwill or transferred to Capital Reserve. In both the companies, the differential amount has been transferred to Goodwill. Conagra Foods INC - As at the acquisition of Ralcorp by Conagra Foods INC, the differential amount $4.35 billion. Due to the acquisition of Ralcorp Holdings, the differential amount has been allocated to Goodwill amounting to $4.35. (Page 49 of Annual Report) As Goodwill and other intangibles are expected to give future benefits with indefinite lives the same has not been amortized in the financial statements. (Page 12 of Annual Report) The goodwill and other tangible having definite lives though not being amortized annually but are evaluated annually for impairment. Yes, there have been impairment losses reported in the financial statements of $602.20 million. (Page 97 of Form 10K) Corning INC - On the date of acquisition of Samsung Corning Precision Materials, the differential amount is $125 million. (Page no 76 of Annual Report) The aforesaid amount has been allocated to the Goodwill. (Page no 76 of Annual Report) Goodwill is not amortized rather it is tested for impairment at each and every reporting date. Goodwill is not amortized as it has indefinite lives for years to come. Impairment loss of $6.5 billion has been recognized in the year under Goodwill. (Page no 78 of Annual Report) ACCOUNTING POLICIES - Accounting policies are the standards, rules and guidelines which shall be followed while accounting for any transaction entered into by the company for the reporting period. The policies have been defined for each and every item whether relating to the Capital item or Revenue item or an item which has been due but has not occurred. Conagra Foods INC US GAAP along with the IFRS (International Financial Reporting Standards) has been followed by the company. The investment made by the company in an entity in which the company enjoys 50% or less than 50% ownership rights are uncontrolled entities. The financial statements of these entities are consolidated in the books of accounts of the company either on the basis of Equity method or cost method. (Page 45 of Annual Report). In the said company, equity method has been adopted. Also while acquiring any business of any company, the company adopts the method of acquisition where the assets and liabilities of the target company are mentioned at fair values. The fair value is the value at which each asset will fetch in the market. The excess of purchase price over the net assets so acquired measured at fair values is recognised as Goodwill. (Page 48 of Annual Report) Corning INC US GAAP along with the IFRS (International Financial Reporting Standards) has been followed by the company. To account for the investment in investees, the company adopts equity method and reviews each investment for impairment if any at reporting date. It is done on the basis of three factors available. First is inability to recover the amount of investment, second and most important is that the inability of investees to justify their income in accordance to the amount carried in the books of account and third one is unprecedented suit or insolvency. (Page 92 of Form 10K) Every company whenever proposes to acquire or merge the target company, the company has to project the cash inflows, outflows, synergies gain to be earned, etc. Conagro Foods INC Due to acquisition, the following has been observed: The main aim of the company in the earlier years was to reduce the long term debt to the best possible extent. Through this acquisition the company had been successful in achieving the reduction in the long term loans of the company and the same has been reported in the annual report. (Page 2 of Annual Report) The goodwill and brands, trademarks and other intangibles has been significantly increased by $4.35 billion and by $ 2.17 billion respectively. The Property Plant and Equipment has been increased by $1009 millions. The other current assets including cash and bank balances and other assets have been increased by $1265.40 million with the corresponding increase in the liabilities of $3719.90 million. In the income statement, the sales from operation have been increased by $1.25 billion which includes $0.92 billion from Food Group and $0.32 from Bakery segment of Ralcorp. Also the basic earnings per share and diluted earnings per share has been increase from $1.13 and $1.12 in 2012 to $1.88 and $1.85 respectively. Therefore, there has been double digit increase has been observed in EPS. (Page 1 and Page 39 of Annual Report) The acquisition has generated cash inflows of around $1.4 billion since acquisition as mentioned in the annual report. Yes, the acquisition has increased the exposure of the company towards the revenue and expense item in foreign currency. In respect of expenses, the company has foreign currency exposure of $21.60 million before tax and $13.5 million after tax during the year under acquisition. (Page 19 of Annual Report) Loss in case of derivative has been mentioned in the Income Statement from Ralcorp both segments Food Group and Bakery Products amounting to $0.3 million each respectively. Corning INC Due to acquisition, the following has been observed: The motive of the company with the acquisition is to capture more market in Asia. With the acquisition of remaining 42.50 % Samsung Corning Precision Materials, the company has captured market in Asia as the target company has been the leader in Asia for glass manufacturing. In acquisition the company has acquired Property, Plant and Equipment of amounting to $3595 million, Inventory of $105 million and other current assets including cash and bank balances, trade receivables and other assets amounting to $ 561 million. Fair value of the Samsung Corning Precision material has been valued at $3718 million and the difference amount has been recognized as Goodwill of $125 million in the balance sheet of the consolidated entity. (Page 74 of Annual Report) The revenue has been increased from $7819 in the year 2013 to $9715 in the year 2014. It shows that the acquisition has generated synergy gain. But on the other hand the royalty income that is being received by the company from the target company Samsung Corning Precision Materials has been discontinued due to purchase of remaining shares of the company. (Page 55 of Annual Report) The net increase in cash and cash equivalents as per the Statement of Cash Flows has been increased from negative $284 million in the year 2013 to positive $ 605 million in the year 2015. The increase in cash equivalents has been welcomed by considerable increase in the cash inflows from the operating activities, investment activities and financing activities. (Page 58 of Annual Report) Yes the company has foreign currency exposure as a result of acquisition. Though the parent and the company subsidiary to it are separate legal entity but the GAAP requires the accounts of both the companies to be clubbed under the parent company and it will be known as Consolidated Financial Statements. The same fact has been reported by IFRS 10 on Business Combinations. The Consolidated financial statements should be prepared and filed with appropriate authorities and included in the annual report which is to be presented to the stockholders of the company including shareholders, banks, financial institutions, government authorities, etc. As per the disclosure requirements the company shall disclose the following: All the assets and Liabilities shall be clubbed in the financial statements of the acquiring company. The income of acquired company shall be reported and clubbed under the income of acquiring company. The expenses of the target company shall be adjusted in order to give correct figure of goodwill after loss of impairment if any and fair values after amortization if any. The investment in entities other than subsidiary and in which the company does not possess any controlling interest, the accounting books shall not be consolidated in the parent company. Conagro Foods INC The unaudited pro forma financial statements for 12 months for the year ending 2011,2012 and 2013 has been prepared but it is not in detailed format. Only figure of Net Sales, Net income from continuing operations, Basic earnings per share and diluted earnings per share. (Page 50 of Annual Report) A note on the Foreign Currency translation reserve has not been shown in the financial statements. A note has been given for acquisition in the annual report detailing the acquisition made by the company. The method adopted for the purchase of the company and the way in which the purchase consideration has been paid. (Page 2 of Annual Report) Corning INC All accounting policies have been separately disclosed relating to the business combination pertaining to investment in other entities and acquisitions. The unaudited pro forma financial statements been disclosed for twelve months for the year ending 2013 detailing the net income, basic earnings per share, diluted earnings per share, number of shares, fixed asset and current assets and Purchase price. The differential amount has been shown as the Goodwill. As per the IFRS 10 and GAAP, both companies have disclosed necessary notes to accounts detailing the amount of purchase consideration, mode of the payment, detail of net assets acquired at fair values consisting of Fixed Assets, Current assets and other assets and liabilities, necessary statements including statement of cash flows, statement of amortization of assets, statement of impairment loss if any, etc. Both companies has disclosed the accounting policies relating to business combination, acquisitions, goodwill, foreign currency translation and other policies and requirements of the accounting relating to acquisition of the target company. Conagro Foods INC In the beginning of the annual report of the company, it is at first addressed to the shareholders of the company that the Financial Year 2013 has been the year of success and transformation due to the acquisition that we have made and the focus that we have kept at every time on the main objective and core ides of the business. (Page 1 of Annual Report) From the aforesaid lines, it is very clear that the company is very much willing to acquire the Ralcorp Holdings INC which has been pending for so long. In 2012 the company has decided to capture the market of private brand owners and since then they are in the wave of acquiring the private brand owners. Since Ralcorp have goodwill in the market, the acquisition of the same has led drastic change in the goodwill of the company. Ralcorp holdings INC have two segments one is Food Group and second one is Frozen bakery products. Ralcorp Holdings was private brand manufacturer of products. Through the acquisition of the said company the Conagro Foods INC have captured the large share of the market. Through this acquisition, the company has extended their business in the field of frozen bakery products also. With the expansion view in mind and keeping five core areas of focus the business has enjoyed a very tremendous growth in the working of the company in terms of its cash inflows and net income. This has led to increase in the earnings per share of the company and has emerged as the one of the largest private brand food company in America. Further in the second page of the annual report of the company, it has been very well mentioned that the customers in todays era go for the products for private brand owners as they assumes the sense of having hygienic product and better product. To capture those customers the company has already acquired bar, pretzel and other businesses. But the acquisition of Ralcorp has led innovative changes in the company. With this acquisition the company has announced to the shareholders that by the Financial Year ending 2017 the company has expected to have many opportunities of sales and business growth along with that have forecasted that the company as per the projections have expected to achieve the savings in cost of around $300 millions apart from increase in the revenue from operations amounting to $4.5 billion. The above shows that the acquisition has led the company to move in every sphere of the market having different segments. Corning INC In the first page of the annual report the company while addressing to the shareholders has said that the company has completed the acquisition of the Samsung Corning Precision Materials successfully. It depicts that the company was very enthusiastically waiting for the said acquisition. As the company has serving the customers for the last so many years, this acquisition made the company to enter into new segments. In order to achieve the increase in revenue from operations, the company wants to acquire the said company. As the target company has total market share in Korea and Asia, the acquirer company wants to capture whole of the Asia. Therefore, the acquisition was very well planned and has been executed step wise from 50% in 2012 to 57% by September 2013 and now 100%. Company has disclosed that in order to have growth in each segment of the company, it is decided to emphasize the focus of the company towards the business acquisitions which led to the development of the segments currently operating and secondly to enter into new business areas which are emerging as boon for economy and will acts as a profit centre for the company. Due to the acquisition the company has mentioned that the company has realized the gains from synergies amounting to $100 million in the year of 2014. Further it has been forecasted that these synergies will be higher and higher in the future. It has created a positive framework that the acquisition of the Samsung Corning Precision Material has been landmark asset that the company has created and which will generate the economic benefits to the company in the near future. The company has manufactured and launched new products with the integration of Corning Precision Materials. The product is known by the name of Gorilla Glass 4 and for the same the company has received Innovation award from one of the BMW supplier as applicable for light weight vehicles. The said achievement exhibits that the infusion of two companies has increased the saving of manufacturing cost, increase the new research and development activities which in turn led the company to manufacture different and innovative product and thus increasing the market share. These achievements has created good image in the eyes of the customers which is regarded as the positive effect of the acquisition. Conclusion Acquisition made by both the companies has been recorded as the considerable event in the history of the company records. Conagro Foods INC has become one of largest private brand owner in the North America and Corning INC has captured the whole market of Asia. The major effect has been welcomed with open hands by the Conagro Foods INC as now the company is the only private brand manufacturer of the Food and Frozen bakery products. Prior to the acquisition the company was not in the business of manufacturing frozen bakery products but since the acquisition the company has extended its business operations to the aforesaid segment. Along with the focus on key areas the company has now started focusing on this new segment of frozen bakery products. The company has obtained an increase in goodwill by $4.35 billion and $2.17 billion of trademarks, brands and other intangible assets. The operations have been considerable increased as the sale has been increased by $1.25 billion. The size o f operations has been increased as compared to Corning INC. Yes, Conagro Foods INC has provided the better quality of information in the financial statement. It has provided the figures in detail along with the self explanatory Pro forma of the financial statements considering that as if the acquisition has been made in the beginning of the last year. The annual report has been prepared and drafted in very detailed format stating all the relevant figures regarding acquisition made by the company and also forecasting the future benefits that the company will achieve along with the future course of action that the company will follow. The company has described their key areas through the name of Recipe which in itself indicates that the company will be having the business relating to the Food. Though the company Corning INC has presented their financial statements in the better but is not better as much as the company Conagro Foods INC has presented. In my opinion, the company Corning INC has been in the phase of increasing the more value to the shareholders of the company. The company has paid the dividend to each shareholder as detailed in the first page of the annual report. The company has basic earnings per share of $ 1.80 and Diluted earnings per share $ 1.83 after distribution of dividend whereas the company Conagro Foods INC have basic earnings per share of $ 1.85 and Diluted earnings per share $ 1.80. From the aforesaid figures, it is clear that the shareholders will invest in that company which has bright prospects in the future. Also the company has earned synergies before tax amounting $100 million due to acquisition and expects to have the higher synergies in the future. Further the stock price of the company has been increased by 30% and has been performed out rightly in the index market. With this the company has announced increase in the common stock by 20% and has introduced the system of Share Repurchase. The above depicts that the company has been working good and provides benefit to the shareholders by providing maximization of the wealth of the shareholders. References conagrafoods.com/ Official Website of Company1, accessed on 08-06-2016. Official Website of Company 2, accessed on 08-06-2016. Higgins K, 2011, Clearly IFRS IFRS 10 Consolidated Financial Statements, accessed on 09-06-2016. EY, 2013, Applying IFRS - IFRS 10 Consolidated Financial Statements, EC Staff, 2011, International Financial Reporting Standard 3 Business Combinations Kepple P, 2014, Business Combinations and Non Controlling Interest Application of the IFRS GAAP and IFRS Standards .