Was Mozart the Greatest Composer Ever free essay sample

Wolfgang Amadeus Mozart has to be the greatest composer to ever live. He and his sister were both considered very gifted child prodigies. He started composing music when he was four and he started to write minuets by the age of five. When Mozart was around eight or nine, he started to write symphonies. Mozart also played quite a few instruments. When he was three years old he was already playing the harpsichord. He also was very talented on the keyboard and played the violin very Nell.Mozart was so naturally gifted when It came to music that when he was linefeed, he was able to recognize the played notes. This was said that he had perfect pitch. Another reason why he has to be the greatest composer Is that he had the ability to write all the notes of the Miseries score from memory. HIS first opera was performed when he was eleven years old. We will write a custom essay sample on Was Mozart the Greatest Composer Ever? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It would only take him about two weeks to write an entire symphony or concerto. How many composers can do an entire piece in such little amount of time? He wrote twenty seven piano concerti, Inch he also invented. Mozart was never a very healthy person, in fact, he was offering some sort of illness. I believe that this makes him even more admirable because doing anything when your health isnt good Just makes things even more difficult. One time Mozart gave a series of twenty two piano concerts and conducted a few of them in a five week period. After his father died he became very depressed and his music turned dark and depressing as well. This makes him great because he Would write from his heart and that showed in his music. He wouldnt let a setback like his fathers death keep him from doing what he loves which is composing music.Mozart never stuck to one genre, he wrote many different types of music such as concertos, symphonies, and German style operas to name a few. This shows his versatility and his ability to excel in every piece he wrote. He wrote 626 pieces of music throughout his lifetime. That is more than a lot of people accomplish in there hole lifetime. Anyone that writes 626 pieces of music must be a brilliant person. From being a gifted child prodigy to becoming one of the best composers that the Nor has ever known, Wolfgang Mozart will always be remembered as a legend like Bob Marble.

Authentication in e-Commerce essays

Authentication in e-Commerce essays E-commerce is a growing technology in today's business and trade. It has become a quick and easy medium of trading, facilitating buying and selling for both the consumers and the merchants. With just a few keystrokes and entry of one's information, business transactions are easily carried out. In view of this, because e-commerce utilizes the Internet, it is very important that e-commerce applications should provide protection to business transactions' critical information, both of the consumer's and the Authentication is among the many forms of protecting information and securing transactions in e-commerce. With the use of authentication tools, information sent online can be validated. The growing number of Internet users makes classified information more and more volatile from online hackers. Thus, it is essential for e-commerce applications to apply several authentication processes. According to Charles Kolodgy, in Michael "individuals on the Web are not authenticated, it is relatively easy to impersonate somebody online" Authentication is basically a form of verifying the true identity of an individual. An instance of an authentication process is that a consumer may be required to key several information about himself or herself before an e-commerce transaction begins. Matthew D. Ford, in his Identity Authentication and E-commerce, listed the following methods to authenticate 1. Something the claimant knows 4. Claimant is at a particular place (at a particular time) 5. Authentication is established by a trusted third party Despite of the many threats, such as hacking and communication interceptions, to the confidentiality of information across Internet, e- commerce is still a living technology nowadays. This is in account ...

Northern Ireland Conflict Case Study Example | Topics and Well Written Essays - 1000 words

Northern Ireland Conflict - Case Study Example Carmichael and Knox (2004) suggest that the peace process could only happen due to the associated power sharing, elected assembly and reformed system of public administration and civic engagement. Carmiuchae and Knox suggest that the implementation of the peace process was only an attempt to institutionalise stability through a political agreement. Along with changes in the peace agreement, there has also been changes in governance and practices in public sector and civil administration. Following the peace agreement there is a more complex and multilayered governance structure along with participation of local authorities and public bodies that seem to control the administration. Issues of territorial management exposes problems of constitutional loopholes and controversies that still seem to afflict the governance process and it is important to highlight on the importance of an agreed system of governance for proper implementation of the peace process. This would obviously bring us to the question as to why the peace process in Northern Ireland was particularly so difficult to achieve and what were the barriers to a successful resolution of the Northern Ireland conflict. As we have suggested, the loss of a balance of power and governance could be one of the reasons for which the peace process was being delayed and was proving to be difficult. ... rocess focused on improving the Anglo-Irish relations and deterioration of this relation during the conflict was again one of the main obstacles to the peace process. O'Kane (2004) point out to the apparent shifts in policy between the British and Irish governments and suggest that policy variations have been a major barrier to the successful resolution of the Ireland conflict. Mnookin (2003) highlights on the strategic barriers to dispute resolution and peace process and uses the case of Northern Ireland to illustrate his study. He suggests that in two party negotiations, the parties try to maximise their own individual returns and that a requirement for unanimity creates strategic barriers that may delay the political process of negotiation. Although certain decisions may be taken even without unanimity, the importance of the sufficient consensus standard as used for the Northern Ireland peace process would show that that not all peace agreements could have a complete political support from all parties concerned. The changing patterns of violence and the role of paramilitary groups which would be reasons of obstacle of the peace process have been considered by Jarman (2004). Jarman discusses on the changing patters of violence and paramilitary forces in Northern Ireland highlighting instances of violent crime, domestic violence, punishment' attacks, racist, homophobic violence, public disorder and rioting. Jarman highlights the role of the young people and paramilitary organisations and the subsequent police reform program that seems to have made important contributions in the pre peace stage and after the conflict resolution stage ad could have even acted as barriers to peace within a culture of violence. Within the context of barriers to the peace process,

Critically analyse the value of Roche's dramatological dimension Essay

Critically analyse the value of Roche's dramatological dimension perspective in helping us to understand the meaning of megaevents - Essay Example Another disadvantage is the threat f terrorism. First and foremost, a number f studies have shown that any city bidding for the Olympic Games is normally benefited with better infrastructure including new transport systems, latest media and communication's equipments and high standard sport facilities. For example, according to Gerlin, Sydney, where the Summer Games 2000 was organised, has been left with an expanded airport, a large number f main roads upgraded, and especially new and high standard sport facilities including the gigantic Telstra Stadium ( 2005, 54). Besides, the Games usually gives the host city an incentive to transform itself that otherwise might never have been attempted (Burton, 2003, Internet). This may be illustrated by the Barcelona 1992 Games. Gerlin mentioned that before bidding for the Games, insufficient road access, airport and coastline was what this city tackled. However, the Games created opportunity for Barcelona to be financed with ambitious projects. As a result, after the Olympics, Barcelona re ceived a noticeable new appearance such as new seafront, underground roads, and become one f the most favourite tourist destinations in Europe ( 2005, 52, 53). The second advantage is the increasing ability to obtain greater economic growth. ... For example, the report f PriceWaterhouse Coopers about the business and economic benefits f the Sydney 2000 informed that the Games helped NSW earn $3 billion in business outcomes, over $6 billion from tourists spending during 2001, received more than $6 billion f investments and so on (New South Wales Department f State and Regional Development, year unknown, Internet). Such changes may create more job opportunities, increase business income, raise Government budget and encourage economic activities. In support, those benefits mentioned above may be the reason why Barcelona experienced such a significant growth that doubled every year from 1986 to 1991 (Preuss, 2004, 65). Finally, bidding for the Games is an extreme opportunity for any city and country to enhance its national pride and image due to its increases in international exposures, found out by the KPMG Peat Marwick studies (Toohey & Veal, 2000, 209). Concurrently, Preuss proved that the Games is the quickest and most effective way to show the major changes in the hosting country to the world economy. For instance, South Korea was able to replace the image f a developing country by a modern and high technology industry thanks to staging the Olympics. Another important example is the case f the Sydney Olympics 2000. Young and Rubican found that before the Games, foreigners often considered Australia as country f great source f raw material. However, after the Olympics, the image f Australia has been changed in to a "friendly, fun and trust worthy" tourist destination (Preuss, 2004, 20, 48). It should be noticed that those increases in the world's level f awareness about the host country are rea lly important, because not only do they attract a vast number f future

Difference of treatment between American Slaves and British Slaves Research Paper

Difference of treatment between American Slaves and British Slaves (British Slaves in the Caribbean) - Research Paper Example Slavery is considered to be illegal in many countries around the globe yet it is functioning with an estimate of 29.8 million slaves. This research is intended to look at the comparison among the slavery of America and British. The trend of slavery can be traced back since the beginning in both the countries, therefore, the trends have been different diverse in both the countries. At some point they have been extremely rigid and at times it have proven to be beneficial in the case of vegetation. The essential thing is that despite all the differences slavery has marked out the impacts in their culture even today. By the 1833 Parliament eventually eliminated slavery in the British Caribbean and the Cape. The slave trade was believed to be ceased in 1807; yet, it took another 26 years to influence the restraint of the imprisoned. Out of 16 million 10 million Africans sustained the journey to the New world, approximately one-third grounded in Brazil and among 60-70 percent ended up eith er in Brazil or the sugar colonies of the Caribbean (Higman 1995, 397)1. Among all of this merely 6 percent landed in United States. However, by 1860, round about two thirds of all New World slaves resided in the American South. Since a very long time it was broadly believed that southern slavery was unsympathetic and unkind as compared to the slavery in Latin America, where the church of Catholic emphasized had the right to get married, to request for leniency from an unsympathetic master and to buy their own sovereignty. Spanish and Portuguese colonists were considered to be comparatively less contaminated by ethnic prejudice than Latin American and North American slavery was considered to be fewer subject to the demands of an aggressive capitalist economy. In reality, nor the Church neither the courts endowed security to Latin American slaves. Right to use to sovereignty was larger in Latin America, however, in most of the cases masters untied, old age, smashed or merely unnecess ary slaves in order to free themselves from the economic burden. Death rates amid slaves in the Caribbean were comparatively higher than that of South, and the trend of suicide were more common. Unusual the slaves in the South, the West Indian slaves were anticipated to make their own food whenever they had spare time and to take care for the elderly and the unwell. The biggest divergence amid slavery within Latin America and the South is based upon demographic. The population trend of slaves in Brazil and the West Indies consisted of fewer proportions of female’s slaves, a comparatively less birth rate and an elevated proportion of the immigrants from Africa. In a prominent distinction, southern slaves comprised of a fair ratio of sex, an increased birth rate and a principally American national populace (Lewis 2003, 299)1. The slave rate in the United States was mostly different in the capability of the population to raise its number by the process of natural reproduction. I n the Brazil, Caribbean and Dutch Guiana, the death rate of the slave was elevated and the rate of birth rate of the slaves was low to such an extent that they themselves could not resist their populace devoid of imports from. The approximate number of children born in the beginning of 19th century of southern slave woman was about 9.2 as compared to others (Hagadorn 1851, 31)2. As in the Caribbean out of

Financial Statements analysis on the basis of total comprehensive i

Financial Statements analysis on the basis of total comprehensive i As the main objective of the financial statements to reflect the economic value of a company in order external users make useful economic decision, and due to the last shocking breakthroughs in the financial system, IASB recently has worked on developing high quality set of accounting standers; International financial reporting standards (IFRS). IFRS transition has break out in 90 countries, though other countries are following. Concerning the European Union, The EU has required IFRS for the groups listed on European stock market (EU Regulation 1606/2002).The new set of standers as any new standers being introduced- has some effects on the financial reporting issues. This study is a literature review of prior studies focusing on the effect of the comprehensive income introduced by IFRS on the financial analysis, specifically one financial technique; ratio analysis. This study is presenting prior studies starting with a literature review in chapter one which is an overview of the com prehensives income discussing the definition of the comprehensive income then examines the pros and cons of the comprehensive income. Chapter two is a literature review where of the financial analysis definition and financial analysis techniques, focusing on ratio analysis technique as the most common technique being used, and as it used part of this study. Chapter three is including the main hypothesis and the core issue of the research of the effect of the comprehensive income on the financial ratios. While Chapter four is a practical example examining the hypothesis mentioned in the previous chapter. Time was one of the major limitations of this study, lack of sufficient data was a second, many studies have examined the effect of IFRS adoption, but few has gone beyond and studied its effects on key financial ratios, where none has clearly stated the direct impact of the comprehensive income on the key financial ratios. This study is an attempt to study this effect. Chapter 1: comprehensive income statement overview 1.1. Definition and Presentation of comprehensive income statement Many studies has declared that Income statement thought to be the most important statements in the financial statements. For inventors; the past income is the most important base for the future predictions and expectation for the cash flows, and so for expecting the share price and dividends. While creditors view the income statement as the borrowers ability to generate future cash flows to fulfill their financial obligations. Yet the comprehensive income statement drove its importance from the income statement importance. Comprehensive income is not a new concept; it was first introduced by FASB in 1985 in its Framework as the change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. Later it was introduced in the Statement of Financial Accounting Standards (SFAS) No. 130, Reporting Comprehensive Income, issued by FASB in 1997, as: the change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive income statement includes the traditional net income plus all revenues, expenses, gains and losses recognized during the period, refereed as other comprehensive income, where other comprehensive income shall be classified separately into foreign currency items, minimum pension liability adjustments, and unrealized gains and losses on certain investments in debt and equity securities. Additional classifications or additional items within current classifications may result from future accounting standards. ((SFAS) No. 130,Para 17,1997). Under IFRS comprehensive income definition has not been changed, but IFRS has modified the rules of income presentation; due to the former rules regarding the classification of other comprehensive income, where these rules has been criticized as some of other comprehensive income items have been recorded in the equity section, while others in the profit and loss statement and others were not recognized at all. A second major reason was the importance recognizing the realized and unrealized gains and losses that might continue into the future as the excepted cash flows in the futures as they are the main drive for share price. IFRS approach of income presentation a mixture of previous income reporting and fair value concept and is being applied on unrealized gains and losses meeting certain criteria. Regards the presentation of the comprehensive income statement under IAS 1, profit or loss are recognized plus other comprehensive income items, where the income statement has changed from net profit and loss to profit and loss. Entities are allowed to use the most suitable name to describe the totals as long as it give the right meaning, though IAS uses different terms, like total comprehensive income, or profit or loss. Regarding the presentation of comprehensive income, entities are allowed to choose between the presentation of a single statement, or tow statements where an income statement is including all items of profit and loss, and the second statement shows other comprehensive income items (IAS 1.81). Under IAS 1, all income and expenses should be recognized in the profit and loss, unless there is an exception (AS 1.88), under (IAS 1.89) some of items need to be recognized under other comprehensive income. IAS has as well identified the items of other comprehensive income, as the following: Changes in revaluation surplus (IAS 16 property, plant and equipment and IAS 38 intangible assets ) Actuarial gains and losses on defined benefit plans recognized in accordance with (IAS 19 employees benefit ) Gains and losses arising from translating the financial statements of a foreign operation (IAS 21 The Effects of Changes in Foreign Exchange Rates) Gains and losses on re-measuring available-for-sale financial assets (IAS 39 Financial Instruments: Recognition and Measurement) The effective portion of gains and losses on hedging instruments in a cash flow hedge (IAS 39 Financial Instruments: Recognition and Measurement). Under (IAS 1.82), the minimum items should be included in the comprehensive income are: Revenues Finance costs Share of the profit or loss of associates and joint ventures accounted for using the equity method Tax expense Amounts from the discontinued operation include : the post-tax profit or loss and the post-tax gain or loss recognized on the disposal of the assets or disposal group(s) Profit or loss Each component of other comprehensive income classified by nature Share of the other comprehensive income of associates and joint ventures accounted for using the equity method Total comprehensive income Under (IAS 1.83) these items must also be disclosed in the statement of comprehensive income as allocations for the period: Profit or loss for the period attributable to non-controlling interests and owners of the parent Total comprehensive income attributable to non-controlling interests and owners of the parent Under (IAS 1.85) additional line items may be needed to fairly present the entitys results of operations. Under (IAS 1.87) No items may be presented in the statement of comprehensive income (or in the income statement, if separately presented) or in the notes as extraordinary items. Under (IAS 1.95) certain items must be disclosed separately either in the statement of comprehensive income or in the notes, if material, including: Write-downs of inventories to net realizable value or of property, plant and equipment to recoverable amount, as well as reversals of such write-downs Restructurings of the activities of an entity and reversals of any provisions for the costs of restructuring Disposals of items of property, plant and equipment Disposals of investments Discontinuing operations Litigation settlements Other reversals of provisions Under (IAS 1.99) expenses should be recognized either by nature or by function if an entity categorizes by function, and then additional information on the nature of expenses must be disclosed (IAS 1.104). Pros and cons of Comprehensive income : According to prior studies, Investors has the ability to process financial information regardless its location, giving this, the location of the comprehensive income will not affect the quality of information interrupted by investors. On the contrary, policy makers believe it matters, as they think the performance statement presentation is more transparent presentation as comprehensive income serves as better measurement for firm performance, where it includes all changes in net assets. The immediate recognition and direct reporting of comprehensive income items would transparently present all income flows in one statement in a timely manner, though it can be costly to some companies in certain industries (e.g. insurance industry) as they might try to hide their earning management. Another argued advantage, is comprehensive income shows value creation process and forces managers to consider external factors that affect firm value, not just internal operating ones. On the other hand, as comprehensive income contains a number of passing items possible as future events, this might cause noise and uncertainty and affect decision making process because users may take significant time to sort out temporary or irrelevant components. Following this point, proposing that comprehensive income includes irrelevant components can reduce the ability to uncover long-run performance. Chapter 2: Financial analysis overview 2.1. Definition of financial analysis and methods Though IFRS was discussed to be the one is giving more comprehensive information, it dose not include all the financial information needed to reach an excellent financial analysis. Financial statements are the source of information that present the economic value of a company to the external users. Several articles and books has defined the Financial analysis as to combine financial statement, financial notes, with other information, to evaluated the past, current, and future performance and financial position of company for the purpose of making investment, credit, and other economics decision. Financial Analysis is concerned with risk factors that might affect the future performance of a certain company. Financial analysis is concerned with different aspects of the company, in general financial analysis deals with profitability (ability to generate profit from delivering good and services), cash- flow generating ability (ability to generate cash inflows exceed cash outflows), liquidity (the ability to meet short term obligation), and solvency (the ability to meet long term obligation). In order to conduct a full, comprehensive analysis, analyst must collect information concerning economy, industry, competitors, company itself. This external information can be found as economics statistics, industry reports, and trade publication. The company provides the internal part of the information which includes the financial statements, and press releases. Financial analysis is not only about financial data which is the core of the financial analysis and provided in the four major financial statements, that provide the historical and current information; is it about the non-financial data which provide the future information. Regarding the financial data, can be founded in the four major statements: income statement, balance sheet, statement of cash flow, statement of changes in owners equity. The income statement shows how much revenue the company generating during certain period and what its cost incurred. Income statement can be referred as profit and loss and its prepared on consolidated basis. Revenues, operating income, net income, and earning per share can be driven from the income statement. The balance sheet or as recently knows as the statement of financial position, shows the current financial position of the company by showing company resource (Assets), and what it owes (liability) at a specific point in time.While the (owners equity) shows the excess of assets over the liabilities, analysts could use the information stated in the statement of financial position to answer question regarding improvements concerning liquidity, and solvency, and give the statues of the company compared to its peers in the same industry. The cash flow statement classifies the cash flows into of three sections: operating activities which include items determines net income as well as day to day transactions. While investing activities includes the acquisition and disposals of long term assets. The last section is financing activities which contain activities related to obtaining or repaying capital. Cash flow statement provides information related to performance and financial position. While income statement provides the necessary information regarding the company ability to generate profit, cash flow statement provides information regarding the ability of the company to generate cash flow from running the business itself. Statement of changes in owners equity knows as statement of shareholders equity, reports the changes in the owners investments in the business, and it helps analysts in understanding the changes in the financial position. Beside the four major statements, financial notes and supplementary schedules, managements discussion and analysis, and auditors reports, provide a quite good set of extra information for further analysis. Financial analysis should be well defined as it could be preformed for different reasons and purposes. Different categories require different financial techniques, but for any purpose data must be gathered and analyzed, and all examining the company ability of generating cash and grow earnings. But as for different focuses, different techniques are used. For example, the most tow common categories are the equity analysis and the credit analysis. Equity analysis is usually preformed by the owner, and focuses on growth while the credit analysis is preformed by the creditors (banker or bond holder) and concentrates on risks associated. Defining the purpose of the financial analysis is the most important and first step in effective financial analysis as it defines the necessary financial techniques that should be used, and thus defines the type and amount of data to be collected. After defining the purpose of the financial analysis, a suitable technique should be chosen to deliver the purpose of the focus. To reach the best results, a mixture of calculations and interruptions is required. For example, it is not enough just to calculate the financial ratios, further investigation explaining the reasons behind each ratio, what each ratio means, comparing the ratios with other competitors, might give a comprehensive picture. A comparison is a must in a good evaluation, compare the company with other competitors in the industry is (common size analysis), while evaluate the company through time called (trend analysis), and (ratio analysis) is to express certain number to another in which answers some important question about the true financial position. Common size analysis is to compare a total financial statement usually income statement, balance sheet, cash flow statement in relation to base like revenues or total assets. Common size analysis for the balance sheet includes: horizontal and vertical common size analysis, where horizontal common size analysis is to compare the increase or decrease in balance sheet items to previous years. Vertical common size analysis involves dividing each item in the same period total assets to come with a percentage, in the case of analyzing the income statement, items usually are divided by revenues. Trend analysis involves comparison of the financial statement of an entity over time, trend analysis usually provide information about the historical performance and growth. Cross sectional analysis compare a specific measurement of a company with the same measurement for another company. The use of graphs and analytical tools could facilities the comparison and highlight the most important facts that the analyst wants to communicate with the management. Statistics like regression analysis are used in more complicated situation where more precise information needed. Ratio analysis is one of the most famous techniques in the financial analysis where it provides information about the relationships and expectations between the financial accounts. Certain issues should be in mind while conducting ratio analysis; as mentioned before computing the ratio itself is not enough for providing a comprehensive picture about the financial performance, it only indicating what certain issues are but not explaining why they are happening, therefore further investigation going beyond the numbers is required, in compliance with full compression overtime, competitors, and industry. Second issue would be to choose the relevant ratios as ratios used for different purpose and providing certain financial information; for example ROA is an indicator of profitability, where current ratio provides information regards liquidity. Different accounting policies can misrepresent ratios; therefore adjustments across different financial statements for different companies are req uired for a meaningful analysis. There are about five main types of financial ratios; profitability, activity, liquidity, solvency, valuation ratios. Profitability ratio is measure the companys ability to generate profit from its resources, the most famous ratios in this category are: return on assets (ROA) and return on equity (ROE). While activity ratios measure how efficient the company in managing the day to day activities, inventory turnover is one example of the ratios used under this category. Third type is liquidity ratios where it deals with the company ability in meeting short term obligations, can be expressed in current ratio, while solvency ratios deals with long term obligation, debt to asset is one example of solvency ratios. Valuations ratios are used to asses the company equity, P/E ratio is used for this purpose. Ratios could be driven from the financial statements of the company or from specialized websites as Bloomberg, as these kinds of websites provide easy access to the historical data. Ratio analysis drove its importance from the information that might provide, as it gives an insight to the historical, current and future performance of the company. Though ratio analysis has its own limitation when it deals with a company operates in different industries, as the comparison become more difficult then. Another limitation would be the use of different accounting methods as comparison would be difficult unless adjustments are made, for example one company might consider account for its inventories under the FIFO method while the other account for it under the LIFO method. Using IFRS might overcome these differences if applied. 2.2. The affect of IFRS as new accounting standard on financial Ratios Financial statements are determined by business strategy, industry, and economics and affected by those as well. The difficulty of understanding the financial statements depending in the accounting procedures and polices chosen by top management. Changes in time frames, company structure, accounting methods and estimates in the company can affect the true economic value of an entity and might affect the financial analysis and thus reflect a distorted image of the company. One of the most trends that might affect the financial analysis is changing of the accounting standers, as different accounting standers might use different methods. IFRS as a new set of international accounting standers has some effects, as the adoption process is costly, complex, Although IFRS believed to improve transparency and comparability of financial statements. Besides these effects IFRS has effect on the financial statements. To understand the effects of IFRS, one should understand the major differences between IFRS standers and local GAAP standers. Several studies will be mentioned in this section, which will clarify the effect of IFRS adoption in Europe. According to Impact of International Financial Reporting Standard Adoption on key financial ratio, which has studied the effect of IFRS adaption on Europe continent represented by Finland; major differences in IFRS and Domestic accounting standers were found in the following areas: for employee benefits obligations (IAS 19), it is required to be measure at present value, where in countries like (Belgium, Denmark, Finland) such rules are do not exist, and in countries like (e.g. Austria and Germany) calculations follow tax regulations. Concerning deferred tax (IAS 12), a deferred tax liability should be recognized for all taxable temporary differences, where in countries like (Greece, Luxembourg) rules concerning the treatment of deferred tax are missing, and in countries like (France, Germany) the deferred tax is be calculated on the basis of timing differences rather than temporary differences. In addition, deferred tax assets are not required to be recognized (Austria, Belgium) , while IAS 12 requires a deferred tax asset to be recognized for all deductible temporary differences to the extent that is probable that the deductible temporary difference can be utilized . For intangible assets (IAS 38), state that an asset can be recognized when it will probably generate future benefits and when the cost of the asset can be reliably measured. For this reason, research expenditures cannot be capitalized. However, in many countries like (Germany, Italy, and Spain) research costs are allowed to be capitalized. Moreover, countries like (Finland) emphasize capitalization of development expenditures. Construction contracts (IAS 11), requires the costs and revenues of construction contracts to be recognized on a stage of completion basis, compared to countered like (Finland, Greece), recognition by the stage of completion is optional. Inventories (IAS 2), requires inventory to be measured at the lower of cost and net realizable value, (Austria, Portugal and Spain) allows inventories to be measured at the replacement cost instead of net realizable value. Moreover, according to (Germany, Luxembourg), inventories can be valued without the production overheads, IAS 2 requires inventory to be valued at full cost. The major difference is that IFRS requires that assets impairments (IAS 36), most financial instruments (IAS 39), biological assets (IAS41), tangible and intangible fixed assets that have been acquired in a business combination (IFRS 3), pension assets (IAS 19) and share-based payment liabilities (IFRS 2) and investment property and property, plant and equipment (IAS 16) after initial recognition to be measured at fair value. On the contrary accounting practices in continental European countries have been based on historical costs but required downward valuations for permanent impairments of long-term assets. Beside fair value, depreciation of assets in accordance with continental European countries differs from that required by IFRS. As IFRS has put large weight on the presenting balance sheets at fair value, therefore it requires assets with definite useful life to be depreciated or amortized periodically and assets with indefinite useful life to be assed for impairment. However, the continental European countries also require assets with indefinite useful life to be amortized. Therefore, while IFRS requires goodwill to be assessed annually for impairment, continental European countries requires goodwill to be amortized systematically (Finland, France) or allows goodwill to be deducted immediately against equity (Germany, Greece). The study has also indicates the impact of these changes on the accounting figures. The study has indicating that the adoption of fair value accounting will probably increase the balance sheet items, and as the impairment accounting rules of continental European countries differ from those of IFRS these differences could lead to different accounting figures. As a consequence, the impact of fair value accounting adoption on accounting figures is also an empirical question since it is impossible to predict the exact impact of the adoption on accounting figures. Other studies where more specific and handled one country by itself. One of the studies titles Adoption of IFRS in Spain: Effect on the comparability and relevance of financial reporting has indicated the effect of IFRS implementation on the balance sheet, as one of the study results has indicated that on the liability side, important differences were found due to the change of debt valuation rules and a new direction for consolidation. While the major difference in the equity side was due to direct adjustments and to the indirect effect of the adjustments. Fixed assets and inventories were the only items that did not change significantly as fixed assets were valued under traditional valuation method (acquisition cost). The reason behind insignificant differences in the inventory was that Spanish usually didnt apply LIFO method which is not permitted under IFRS. IFRS adoption in Europe: the case of Germany, has stated that IFRS adoption has resulted in higher retained earning in the first year of IFRS adaption because of the conservative approach of the German GAAP (HGB). The study has also indicated that IFRS effects vary with the industry:à ¢Ã¢â€š ¬Ã‚ ¦ in the chemical and pharmaceutical industry effects on non-current assets and liabilities were relatively more important, whereas in the fashion industry the effects were mostly on working capital While IFRS Adoption and Financial Statement Effects: The UK Case, has indicated that the IFRS implantation has a positive affect on the financial performance and post. IFRS implementation for the company as profitability and growth attend to be higher under IFRS. It also indicated that IFRS as high quality standers has reduced risk and improved the credibility and the borrowing bargain power of firms. It also stated that: à ¢Ã¢â€š ¬Ã‚ ¦IFRS adoption is likely to introduce volatility in income statement and balance sheet figures. Despite the higher volatility, adopters interest cover ratio has not been adversely affected, implying that IFRS adoption would not lead to debt covenant violation or financial distress à ¢Ã¢â€š ¬Ã‚ ¦ Chapter 3: The Impact of Comprehensive income on the financial ratios As mentioned earlier the impact of IFRS on accounting figures differs with the country that IFRS is applied in, as different countries have different accounting standers, different impacts resulted. In this section a comparison between US GAAP and IFRS will be mentioned as Deutsche bank (the particle example) mentioned later was using US GAAP. First differences of reporting comprehensive income under IFRS and different accounting standers will be mentioned followed by differences of reporting comprehensive income under IFRS and US GAAP. In the study titled Comprehensive income in Europe: valuation, prediction and conservative issues, has argued that the concept of comprehensive income does not recognize different income concepts in different industry or different firms. And financial analyst has taken into consideration these limitations and used total and unrealized asset valuations and foreign exchange to fill in the gabs. In the study titled analyzing brokers expertise: did analysts fully anticipate the impact of IFRS adoption on earnings? The European evidence Has reached to a conclusion that à ¢Ã¢â€š ¬Ã‚ ¦analysts were not able to correctly anticipate the effect of IFRS adoption on earnings, forecast errors being significantly associated with differences in earnings changes resulting from the compliance with the new financial reporting standardsà ¢Ã¢â€š ¬Ã‚ ¦. While in Adoption of IFRS in Spain: Effect on the comparability and relevance of financial reporting the study has studied IFRS effects on the income statement. Major differences were found due to major differences between Spanish GAAP (SAS) or IFRS in classifying revenues and expenses for example the classification of RD expenses. Another difference is the treatment of extraordinary income, as certain extraordinary items under (SAS) were classified as operating income under IFRS reclassify under (SAS) as operating income under IFRS. The study has indicated those Cash, solvency and indebtedness ratios, as well as the return on assets and returns on equity, has varied significantly as a result of the changes in the balance sheet and income statement. In Effects Of Comprehensive Income On ROE In A Context Of Crisis: Empirical Evidence For IBEX-35 Listed Companies (2004-2008), when calculating ROE under comprehensive income compared to ROE calculated under net income, statistically significant differences were founded, which means that ROE calculated under comprehensive income, shows the market impact much more clearly and thus provide better information for users and particularly for investors. The study has also indicated that comprehensive income is an alternative measurements of corporate performance and is much more in tune with the market reality than the traditional net income. According to IAS plus report which was issued by Deloitte in 2004, the major differences between IFRS and US GAAP are listed here: As in IAS 1(reporting comprehensive income) IFRS requires the statement of changes in equity. The total of comprehensive income is permitted but not required. And define Comprehensive income as the net income plus gains and losses that are recognized directly in equity rather than in net income. While in the US GAAP requires the presentation of the total comprehensive income. Gains and losses can be presented in the income statement, statement of comprehensive income, or statement of changes in equity. Under IFRS Extraordinary items is prohibited while in US GAAP Extraordinary items are permitted but restricted to infrequent, unusual, and rare items that affect profit and loss. This act by IFRS increase transparency and limit manipulation. And that would lead to an increase in the reported income and therefore might have a significant effect of the financ ial ratios dealing with profitability. Dealing with inventory IAS2, LIFO method under IFRS is prohibited while under US GAAP is permitted. When using LIFO revaluation for inventory needed, this could result in major tax liabilities. For property, plant, and equipment (IAS 16), under IFRS revalued amount or historical cost might be used where revalued amount is fair value at date of revaluation less subsequent accumulated depreciation and impairment losses where under US GAAP it is generally required to use historical cost. Which lead to increase in book values under IFRS. Chapter 4: Practical example (the case of the Deutsche bank) In Deutsche bank transition report, (Transition Report,2006 IFRS Comparatives), The Deutsche bank net income under IFRS was à ¢Ã¢â‚¬Å¡Ã‚ ¬ 6,070 million for the year ended December 31, 2006, an increase of à ¢Ã¢â‚¬Å¡Ã‚ ¬ 84 million compared with à ¢Ã¢â‚¬Å¡Ã‚ ¬ 5,986 million under U.S. GAAP. While shareholders equity under IFRS was à ¢Ã¢â‚¬Å¡Ã‚ ¬ 32,666 million, a decrease of à ¢Ã¢â‚¬Å¡Ã‚ ¬ 142 million as at December 31, 2006 compared to U.S. GAAP, according to the transition report. Conducting small ratio analysis limited only to the three major profitably ratios, a res

American Dream Lost in F. Scott Fitzgerald’s The Great Gatsby :: The Great Gatsby

American Dream Lost - Gatsby as a Social Commentary on American Life The Great Gatsby, by F. Scott Fitzgerald, has been celebrated as one of the greatest, if not the greatest American novel.   Yet this is ironic for the society which has so hailed the book is precisely that which is criticized throughout it.   Politically, the American dream was a foundation of ideals and hopes for any and every American individual.   Specifically, one of the ideals was an American dream free of class distinction; that every person has the opportunity to be whomever they hope to be.   In a sort of Cinderella-like fashion, it is in essence an ideal of social mobility and freedom.   The social reality, however, is far more cruel.   Because of the harsh truth of social America, by way of its pretentiousness and decadence, the American dream is lost.   Through Nick’s honest and poignant observation, the parallel lives of Myrtle Wilson and Jay Gatsby reflect The Great Gatsby as a social commentary about the polluted American Dream.   Myrtle is that infamous model of how the political and social ideals of America conflict so that the American dream becomes a nightmare.   Contrary to the naivete the American dream, there are indeed fine class distinctions.   With them comes certain social boundaries.   In a sense, it is almost as if there are unspoken sumptuary laws understood by low and high classed individuals alike.   Myrtle Wilson is no exception. Instead of abiding by them, Myrtle, who represents the low and ignorant class of America, tried to break the social barriers and thus pursues wealth by any means necessary.   Using her sexuality and vulgar mien, she becomes false for abandoning and dismissing her own social foundation, and like Nick, we as readers are repulsed by her grotesque approach to entering the rich class.   At one point, and quite humorously to the knowing onlooker, Myrtle complains about a service done for her that was so expensive that "when she gave [Myrtle] the bill you’d of thought she had [her] appendicitus out" (35).   Obviously misusing her wording, it is comical only because she is trying so hard to fit into the snobbish upper class persona, and failing miserably.   Her rudeness becomes more apparent when she "rejected the compliment [about her dress] by raising her eyebrow in disdain" (35).   She is so false in her manner that Nick observes that she "had changed her costume†¦and was now attired in an elaborate afternoon dress" (35).

Ap European History Renaissance Education Dbq Exercise Essay

During the Renaissance, scholars became more interested in the humanistic features of society, and humanistic educators based their teaching models on Greek and Latin classics. Renaissance education was One apparent purpose of a Renaissance education was to praise the value of useful education, through the teaching of the classics, mainly Greek literature that was written by Greek philosophers, mathematicians and other important figures. Some criticised the Renaissance education, however, because they felt as if it was absurd, as it didn’t teach true values of learning, and didn’t teach one how to behave, but rather how to dictate Latin. Despite these criticisms, other humanists believed Renaissance learning brought great profits, higher positions, and more honors later in life, and was successful in the task of teaching young people to fear god, have good virtue, and to be disciplined. One apparent purpose of a Renaissance education was to praise the value of useful education, through the teaching of the classics, mainly Greek literature that was written by Greek philosophers, mathematicians and other important figures. Aeneas Sylvius Piccolomini, stated on his book, On the Education of Free Men, 1450, that the study of the Philosophy and of Letters was the guide to the meaning of the past, present, and even future. There may be some bias to this statement, for Piccolomini was an Italian humanist who later became pope, and may have been using his knowledge of the classics, being a humanist, to justify his religious and political power. Battista Guarino, an Italian humanist educator, also supports the classics, by simply explaining that mankind must learn and train in Virtue, or as the ancients called the â€Å"Humanities. † There is also a bit of point of view, however, because being an Italian humanist educator, Guarino would value the teaching of the classics to his students and would want to influence his opinion on others. Baldassare Castiglione, Italian diplomat and author, said that a courtier, or a king’s assistant or servant, should be educated in the humanities, and the Latin poets, orators, and historians, because women value that knowledge in a man, and he will be able to judge the writing of others. Erasmus also stated that the student must delve into the literatures of ancient Greece and Rome, to gain the knowledge in the classics. Erasmus has a particular point of view, because he practiced a humble religion, and tried to live the way Jesus lived, which would make him value things the ancients valued. Some criticised the Renaissance education, however, because they felt as if it was absurd, as it didn’t teach true values of learning, and didn’t teach one how to behave, but rather how to dictate Latin. Juan Luis Vives, a Spanish humanist, supported the idea that women should not learn much, but rather just enough to teach her good manners and literature from biblical scholars. There is a great deal of bias in this idea, because being Spanish, Christian, and male, Vives would not agree with women being educated, due to the fact that Spain was very conservative, especially after the Reconquista. Michel de Montaigne argued that the â€Å"absurd† educational system taught students the wrong values, by teaching them that writing the best Greek and Latin was more important the which books contain the best opinions. Montaigne’s point of view comes from the fact that he is a skeptic and criticizes numerous things, so it is likely that he would criticize the educational system. John Brinsley, an English schoolmaster objected that scholars at fifteen or sixteen years of age due not understand true knowledge, but instead the can only wrote Latin that means little. Brinsley had an interesting perspective, because he was a schoolmaster himself and saw these actions firsthand, from his young scholars. Another criticism of the school system was that such study weakens the body, and prevents people from obtaining jobs necessary to society, such as farming jobs, soldiers, and merchants. John Amos Comenius, and educational reformer, also said supported the idea that learning did not assist people enough in life, because students learned much grammar, rhetoric, and logic, instead of things that would prepare them for action later in life. Despite these criticisms, other humanists believed Renaissance learning brought great profits, higher positions, and more honors later in life, and was successful in the task of teaching young people to fear god, have good virtue, and to be disciplined. Francesco Guicciardini stated that things that seem more decorative than substantial to man, such as skills like the arts, led to a good reputation of men and open the way to favor a princess. These skills also led to great profits and honors. The perspective in this statement comes from the fact that he was a politician, and witnessed how his education in these arts helped him to improve his rank in society, gain a larger profit, and other benefits. Some also supported the Renaissance education from a religious side by explaining that children who go to school learned virtue, discipline, and to fear God, which were important Christian values. In an analysis of the percentage of justices of the Peace who attended university, around 1562, in Kent, only two percent of justices had attended university. This number increased dramatically in 1636, when an astonishing sixty eight percent of justices had attended university. This clearly demonstrated the value of a Renaissance education, and how it led to higher ranks, for instance, justices.

Battle of the Eastern Solomons - World War II Battle of the Eastern Solomons

Battle of the Eastern Solomons - World War II Battle of the Eastern Solomons Battle of the Eastern Solomons - Conflict: The Battle of the Eastern Solomons was fought during World War II. Battle of the Eastern Solomons - Date: American and Japanese forces clashed on August 24-25, 1942. Fleets Commanders: Allies Vice Admiral Frank J. FletcherVice Admiral Robert Ghormley2 fleet carriers, 1 battleship, 4 cruisers, 11 destroyers Japanese Admiral Isoroku YamamotoVice Admiral Chuichi Nagumo2 fleet carriers, 1 light carrier, 2 battleships, 16 cruisers, 25 destroyers Battle of the Eastern Solomons - Background: In the wake of the Allied landings on Guadalcanal in August 1942, Admiral Isoroku Yamamoto and the Japanese high command began planning Operation Ka with the goal retaking the island. As part of this counter-offensive, a troop convoy was formed under the command of Rear Admiral Raizo Tanaka with orders to proceed to Guadalcanal. Departing Truk on August 16, Tanaka steamed south aboard the light cruiser Jintsu. This was followed by Vice Admiral Chuichi Nagumos Main Body, centered on the carriers Shokaku and Zuikaku, as well as the light carrier Ryujo. Battle of the Eastern Solomons - Forces: Both of these were supported by Rear Admiral Hiroaki Abes Vanguard Force consisting of 2 battleships, 3 heavy cruisers, and 1 light cruiser and Vice Admiral Nobutake Kondos Advance Force of 5 heavy cruisers and 1 light cruiser. The overall Japanese plan called for Nagumos carriers to locate and destroy their American counterparts which would allow Abe and Kondos fleets to close and eliminate the remaining Allied naval forces in a surface action. With Allied forces destroyed, the Japanese would be able to land reinforcements to clear Guadalcanal and retake Henderson Field. Opposing the Japanese advance were Allied naval forces under Vice Admiral Frank J. Fletcher. Centered around the carriers USS Enterprise, USS Wasp, and USS Saratoga, Fletchers force returned to the waters off Guadalcanal on August 21, to support US Marines in the wake of the Battle of Tenaru. The following day both Fletcher and Nagumo launched scout planes in an effort to locate each others carriers. Though neither had success on the 22nd, an American PBY Catalina spotted Tanakas convoy on August 23. Reacting to this report, strikes took off from Saratoga and Henderson Field. Battle of the Eastern Solomons - Exchanging Blows: Aware that his ships had been sighted, Tanaka turned north and successfully evaded the America aircraft. With no confirmed reports about the location of the Japanese carriers, Fletcher released Wasp south to refuel. At 1:45 AM on August 24, Nagumo detached Ryujo, along with a heavy cruiser and two destroyers, with orders to attack Henderson Field at dawn. As the light carrier and its escorts sailed away, Nagumo had the aircraft aboard Shokaku and Zuikaku prepared to launch immediately upon receiving word about the American carriers. Around 9:35 AM, an American Catalina spotted the Ryujo force en route to Guadalcanal. Through the rest of the morning, this report was followed by sightings of Kondos ships and a cover force sent from Rabaul to protect Tanakas convoy. Aboard Saratoga, Fletcher was hesitant to launch an attack, preferring to husband his aircraft in case the Japanese carriers were located. Finally at 1:40 PM, he ordered 38 planes from Saratoga to take off and attack Ryujo. As these aircraft roared off the carriers deck, the first strike from Ryujo arrived over Henderson Field. This attack was defeated by planes from Henderson. At 2:25 PM a scout plane from the cruiser Chikuma located Fletchers flattops. Radioing the position back to Nagumo, the Japanese admiral immediately began launching his aircraft. As these planes were taking off, American scouts spotted Shokaku and Zuikaku. Reporting back, the sighting report never reached Fletcher due to communication problems. Around 4:00 PM, Saratogas planes commenced their attack on Ryujo. Hitting the light carrier with 3-5 bombs and possibly a torpedo, the American planes left the carrier dead in the water and on fire. Unable to save the ship, Ryujo was abandoned by its crew. As the attack on Ryujo was beginning, the first wave of Japanese planes was detected by Fletchers force. Scrambling 53 F4F Wildcats, Saratoga and Enterprise began evasive maneuvers after launching all of their attack aircraft with orders to seek targets of opportunity. Due to further communication issues, the fighter cover had some difficulty intercepting the Japanese. Commencing their attack, the Japanese focused their assault on Enterprise. Over the next hour, the American carrier was struck by three bombs which caused heavy damage, but failed to cripple the ship. By 7:45 PM Enterprise was able to resume flight operations. A second Japanese strike failed to locate the American ships due to radio issues. The final action of the day occurred when 5 TBF Avengers from Saratoga located Kondos force and badly damaged the seaplane tender Chitose. The next morning the battle was renewed when aircraft from Henderson Field attacked Tanakas convoy. Heavily damaging Jintsu and sinking a troop ship, the strike from Henderson was followed by an attack by B-17s based at Espiritu Santo. This raid sank the destroyer Mutsuki. With the defeat of Tanakas convoy, both Fletcher and Nagumo elected to withdraw from the area ending the battle. Battle of the Eastern Solomons - Aftermath The Battle of the Eastern Solomons cost Fletcher 25 aircraft and 90 killed. In addition, Enterprise was badly damaged, but remained operable. For Nagumo, the engagement resulted in the loss of Ryujo, one light cruiser, a destroyer, a troop ship, and 75 aircraft. Japanese casualties numbered around 290 and included the loss of valuable aircrews. A tactical and strategic victory for the Allies, both commanders departed the area believing they had won a victory. While the battle had few long-term results, it did force the Japanese to bring reinforcements to Guadalcanal by destroyer which severely limited the equipment that could be transported to the island. Selected Sources CV-6.org: Battle of the Eastern SolomonsWorld War II Database: Battle of the Eastern SolomonsCarriers Meet Again: Battle of the Eastern Solomons

World War 1 Oral Pres Essays - Free Essays, Term Papers

World War 1 Oral Pres Essays - Free Essays, Term Papers World War 1 Oral Pres. War can be interpreted as many different things. Involving physical combat, verbal arguments, murder, and much more. World War 1 is an example of one of the major wars in the history of our world that truly has placed a mark on humanity. It demonstrates how war was truly interpreted by the people involved at that certain time and place. On June 28, 1914, a Serbian nationalist named Gavrilo Princip assassinated Franz Ferdinand the Archduke of Austria, in Sarajevo. One month following the incident, Austria-Hungary declared war on Serbia. The war divided Europe into two armed camps. One side was the Triple Alliance which was made up of Germany, Austria-Hungary and Italy, and their enemy was the Triple Entente which was made of France, Russia and Great Britain. As other countries began to join sides, the Triple Alliance became known as the Central Powers and the Triple Entente became the Allied Forces. Most of the action took place in trenches which were dug deep into the ground in zig-zag patterns. Soldiers would spend an average of up to 8 days in these trenches, protecting themselves from gunfire, snipers, diseases, and more. The war was different from previous wars due to the use of efficient machine guns, tanks, and air force. The war ended on the 11th hour of the 11th day of the 11th month when the parties signed the Armistice and agreed to stop fighting. Why were the different sides fighting? The major event of the assassination of the Austrian Archduke Franz Ferdinand triggered the retaliation of Austria-Hungary and its allied countries. A war that resulted in millions of deaths was triggered by death itself. Death Millions of soldiers were killed purposely during WWI thus meaning that this war did in fact involve murder between fighting parties and there was the intent to not just harm, but kill. What happened after the war? The war may have ended with a signed truce, but it also lead to another major war which was World War 2. This proves that war will always be present in humanity and that war will never be avoided forever.

Sentencing and penology law Essay Example | Topics and Well Written Essays - 2500 words

Sentencing and penology law - Essay Example 175 in particular. Corlett argues that Kant’s theory does advocate for fairness and human dignity (61). Shoham, Beck and Kett’s examination of Kant’s theory of punishment in International Handbook of Penology and Criminal Justice is very instructive and intuitive and will be relied on it to a greater extent than the others. Kant’s theory is interpreted to mean that if society does not punish offenders, society is complicit in the crime†¦see pp 384-385 for further discussion. Another relevant area of study is the general theory of punishment in the field of criminology: Look at the deterrent principle and how it development as a discipline in criminology see Cragg’s The Practice of Punishment: Towards a Theory of Restorative Justice, beginning at p. 42. Also note Braithwaite’s theory of punishment as expressed in Not Just Deserts: A Republican Theory of Criminal Justice and the move away from deterrence. Use Lord Dennings quote as a lead-in: Lead into the move toward rehabilitative justice as opposed to retribution and deterrence as theories of punishment. See Gaines and Miller Criminal Justice in Action: The Core beginning at p. 259. See also Tonry’s Sentencing Matters on the move away from rehabilitative justice (190 onward). Braitwaite’s discussion on restorative justice in Restorative Justice and Therapeutic Jurisprudence 244-262 should also be incorporated into this section to demonstrate the principles of sentencing and developing theories of punishment. Also tie in Walgrave and Aertsen’s Reintegrative Shaming and Restorative Justice and Bandura’s Mechanishms of Moral Disengagement for arguments in favor of restorative justice as a means of demonstrating that Kant’s theory of punishment is not conducive to the aims and objective of criminal justice. Also look at Austin’s Using Early Release to Relive Prison Crowding: A Dilemma in Public Policy to demonstrate that Kant†™s theory of punishment is

To what extent do the narratives of Polybius and Caesar support Essay

To what extent do the narratives of Polybius and Caesar support William Harris's account of the factors driving Roman imperial - Essay Example An empire can thus be defined as ruling people in a wide territory without their consent. On the other hand, imperialism is the attitudes and process that are used to establish and maintain an empire. This is to say that imperialism is a shape shifting process and dynamic; this is because imperialism changes as the society develops. The empire expanded as a result of military expeditions. In this, the essay discusses on Harris view on Roman imperialism and the extent to which Polybius and Caesar narratives support William Harris’s account of the factors driving Roman imperialism. Different historians have different views on Roman Imperialism. Being one of the earliest historians, Polybius clearly gives a well-defined account of Roman imperialism. He comes up with a theory referred to as â€Å"Cycle of Political Revolution† to explain the rise and fall of the Roman Empire. In his theory, he brings up the cycle of Roman imperialism how a new system in leadership comes in causing the old one to be replaced by the new one (Polybius 238). His account relates to William Harris account because he states that just as the man evolved from an animal into a civilized human being the governance system evolves in the same way. As stated earlier, William Harris states that imperialism in the ruling system is dynamic. In his theory â€Å"Cycle of Political Revolution†, he shows how with the evolution of manpower came in hence the establishment of a monarchy (Polybius 235). In the Monarchy, power is embossed on one individual within the society. To maintain the Monarchies heirs obtained the position of Monarchies from their parents. However, because the system of government evolved as men become more civilized, the heirs rebelled against the existing ruling system and saw the need to implement new ways of ruling the people. As a result of this, Kingship system was established (Polybius 235). In the Kingship system, democracy is practiced and the leader com es down to common person’s level. Because the system is dynamic, the heirs see the need to distinguish himself from the common person. As a result of this the system of governance changes from democracy to aristocracy. In his theory, Polybius blames the heirs for the change in the system of political governance. For instance, he says that heirs take advantage of the people because when they are born they do not face hardship. The heirs only enjoyed luxuries and wealth that they had not labored. The aristocracy was replaced by oligarchy because the heirs enjoyed wealth and luxury life. In oligarchy, people had a say in the governing process. This means that the people worked together for a democratic state. In a democratic state people have a say in the government affairs (Polybius 241). Because of the democracy, there is freedom of speech and expression. As a result of this everyone expresses his opinion on different issues concerning the state and this result in chaos and mi sunderstanding among the people in the state. Because of the misunderstanding among the members in the state, the strongest and outspoken person takes over as the leader. This resulted in the creation of a Monarchy going back to the first stage of leadership. By this, we see that the system of leadership cycles in one place although the systems take a substantial amount of time to move from one season to another. This clearly shows the application of Polybius theory â€Å"Cycle of Political Revolution† in political systems. History defines Julius Caesar as