Accounting Essay Example | Topics and Well Written Essays - 250 words - 2

Accounting - Essay Example Cash flow statement is prepared separately to account for all the cash transactions and determine the hard cash position of the business apart from its profitability and sales figures, etc. If accounting was only based on cash, no credit transactions could have been made; in fact we would have been violating the principle of â€Å"Going Concern†. When we say businesses are a going concern, we usually pass entries to close accounts for an accounting period by transferring the balances to the next accounting cycle. This is done because business transaction keep on taking place as business activities and operations are executed. The key accounting concept for using the accruals versus cash is that the profits & losses are not actually documented by a business at the same time when the cash transaction is made. In fact the two transactions are totally separate from each other and have different accounting treatments. Profits and losses of any business are the outcome of its operations and revenue generating activities which circulate around the ‘income’ and ‘expense’ heads of accounting for that business. This involves expectation of cash inflows and outflows at a later date as well as deferred cash transaction or prepayments, etc. that needs settlement in a later period. Income and expense determine the cash that you might have eared or lost at the end of the day, when all the corresponding cash transaction have been made but they strictly do not mean that cash has changed hands. We record the income and expenses in the period they are incurred in order to complying with accounting standards (Weygandt, Kieso, & Kimmel,

Hollywood Melodrama Textual Analysis Essay Example | Topics and Well Written Essays - 1000 words

Hollywood Melodrama Textual Analysis - Essay Example Brick’s character is enigmatic and every movement, gesture or line that comes from him may give a clue as to what is making him â€Å"passive-aggressive†. He holds the audience desperate to understand him. Brick is a former athlete who tried to relive his glory days one time, when at three o’ clock in the morning, he tried to jump hurdles imagining a wild crowd cheering him on. Being drunk, he lost his balance and injured his ankle rendering him disabled. â€Å"The image of masculinity is a dominant one in sports, and it is one that privileges men who do not show feelings of vulnerability and where the only emotion valued is one of toughness and competitiveness† (Trujillo, 1991). Stereotypically, from his â€Å"masculine† athletic background, this injury is assumed to affect Brick’s masculinity. Going against stereotype, quadriplegic men in wheelchairs participate in a sport called â€Å"Quad Rugby† or â€Å"Murderball†, borrowing rules from able-bodied rugby, basketball and hockey. Its players also proudly display their masculinity as well, claiming that they play rough and tumble, and ready to take a spill for a loose ball (Buchanan, 2002; Gitonio, 2002).  That is a far cry from the attitude presented by Brick. Brick’s injury, â€Å"a wound in his otherwise intact masculinity, is also a figure for his castration, the unmanning implied in homosexual desire.† (http://www.sparknotes.com/drama/cat) The term ‘impaired masculinity’ describes Brick at the outset with his good ol’ reliable crutch by his side. The crutch, it itself represents disability. It limits Brick’s movements and capacity to do the things he used to before his accident. Being cold and indifferent to the advances of his wife is a defence mechanism that covers up his utter shame of his physical limits. That includes his physical marital obligations. The audience is led to think that turning away from his wife at her