CRITICAL ANALYSIS Essay Example | Topics and Well Written Essays - 500 words

Basic ANALYSIS - Essay Example Albeit, minuscule pee dregs examination is for the most part viewed as the best quality level for urinalysis, its defects are likewise recognized. Other than the issue with interobserver inconstancy and imprecision, this technique is additionally work serious and very tedious (Langlois et al., 1999). While the way of life strategy is the favored technique for recognizing and measuring microbes in pee (Graham and Galloway, 2001), non-culture tests incorporate Gram recoloring of uncentrifuged pee examples, Gram recoloring of centrifuged examples, or direct perception of microscopic organisms in pee examples, Nitrite test, leukocyte esterase tests and so on. Suprapubic yearning is commonly viewed as the best strategy to keep away from defilement of example, notwithstanding, this technique is once in a while utilized on the grounds that it is intrusive and subsequently awkward and perilous (Wilson and Loretta, 2004). Self-loader types of gear like the Yellow IRIS, trailed by the UA-1000 and UA-2000 (Sysmex Corporation, Kobe, Japan) were early endeavors at robotization of pee examination. With the Yellow IRIS, accuracy and affectability is accounted for to be impressively better when contrasted with visual microscopy, particularly at the lower fixation run. The Yellow IRIS gadget in the wake of expelling bodily fluid strands from local pee, includes a color and the recolored pee is gone through an optical pathway. A strobe light interferes with the movement of the liquid and the particles in it are caught on a shading camcorder. The subsequent pictures of the particles are separated as for their longwise measurements and afterward introduced for approval by a prepared expert. UA-1000 and UA-2000 follow a similar standard, yet furnish better picture goals contrasted and the Yellow IRIS in light of the fact that the particles are caught by a shading CCD camera A few investigations assessing or potentially approving these robotized pee assessment techniques have been completed and distributed. From its discoveries, a couple of creators reasoned that however the UF-100 probably won't be viewed as a

6 Boundaries You Need to Protect at Work

6 Boundaries You Need to Protect at Work The weight is by all accounts up nowadays, in pretty much every field. The workdays are longer, the ends of the week begin to vanish. You may disclose to yourself you leave it at your work area, yet then end up browsing work messages on your telephone at 12 PM before you nod off. Or on the other hand more awful, connecting during get-away, when you’re expected to be a million miles from your activity. However, this sort of delayed pressure can really be terrible for both your wellbeing and your activity execution. It is imperative to build up limits between the individual and the expert, to keep the two pieces of our lives solid and productive.There are a few things you basically don't owe to your boss. Here are 6 of them:1. Your HealthYour wellbeing is yours and just yours and no one but you can keep it up. It’s on you if the pressure development occurs so bit by bit that you don’t notice the impacts of absence of rest and slouching in your seat and not practici ng or eating right. Before you transform into the workplace zombie, make a point to set up a standard that works for you. What's more, ensure it incorporates work/life balance, mental space, rest time, and exercise. When you make your arrangement, don’t let that one additional email from your supervisor wreck it. Adhere to your guns.2. Your FamilyWe all need to work more enthusiastically to have the option to help our families-make that little additional piece of cash and push that little bitâ further. In any case, it tends to be anything but difficult to dismiss the amount you need to forfeit to bring that additional home. Ensure you’re not relinquishing time. Toward a mind-blowing finish, you won’t lament not having that $8k raise. Be that as it may, you may lament not being home for supper with your kids.3. Your SanityNo one can screen this however you. What's more, no manager should chip into your gracefully. Make sense of what keeps you normal and adjusted (clue: it’s most likely your life outside of work) and make a point to guarantee both reality for that. Know when it’s progressively gainful to disapprove of a solicitation, knowing you’ll work much better and harder if you’re loose and energized and can handle things afresh.4. Your IdentityWho you are is monstrously significant. What you do is just piece of it-a major part, as a matter of fact, however not all that matters. Remember the things that are generally imperative to you. Remain consistent with your qualities and keep up your honesty. This causes you watch out for the master plan in the midst of significant worry at work.5. Your Professional ContactsYou owe your boss a great deal. Yet, your contacts from through the span of your profession are yours. You can-and regularly should-impart them to your organization, yet they are yours as a matter of first importance and you should work to keep up them.6. Your IntegrityKeep your activities and convi ctions in arrangement, or you will feel awfully focused and awkward with the outcomes. This is a piece of holding the other five under tight restraints. Remain consistent with what your identity is and what you need and what you put stock in. Act as per the best of yourself. In the event that a manager requests that you bargain this, it may be an ideal opportunity to discover another boss.Remember: keep in mind the intensity of defining great limits.

Official Document Receipt COLUMBIA UNIVERSITY - SIPA Admissions Blog

Official Document Receipt COLUMBIA UNIVERSITY - SIPA Admissions Blog As all admitted applicants that will be joining us in the fall are aware, we need official transcripts and test scores to complete admission files so that we may forward all of the files to the Office of Student Affairs.   Your file will become part of your permanent academic record. Josh Dennee is the person in our office responsible for managing this process and I asked him to write a blog entry on the topic to provide direction and put people at ease.   Take it away Josh . . . In our continuing effort to provide complete transparency about the admissions process to avoid causing too many heart-attacks during a period fraught with anxiety and excitement, I am going to provide some insight into Official Documents processing. I understand that many of you newly admitted students are somewhat concerned about the status of your official transcripts and test scores with the impending June 15th deadline. Assuming that your scores and grades are consistent with your application, there is no reason to worry. Let me explain how the process works. If you requested to have your GRE, GMAT, or TOEFL scores sent to SIPA, they will be entered in the information system within the coming weeks. Every few days I receive an electronic file from the ETS containing either GRE or TOEFL scores. These scores are then compiled and uploaded in a rather time-consuming process. Currently, I am still uploading scores received as early as last year, so even if you had your scores sent in months ago, they may not yet be in the system. And, although it is not our preferred method, we also have the ability to verbally confirm scores with the ETS if for some reason there was a problem with the electronic file. Meanwhile, GMAT scores are downloaded directly from GMAC and uploaded in a similar fashion. Official transcripts are mailed to our office, recorded in Apply Yourself (the system through which applications were submitted) as official, and then filed alphabetically with other similar documents. This process is obviously subject to a certain degree of human error, thus the transcripts are carefully double-checked before we begin notifying students that they are missing. I highly suggest that, if you have not yet requested your schools to send us official transcripts, you do so as soon as possible as some schools take a substantial amount of time to accommodate such requests. Over the course of the next month you may receive an email from us requesting an official transcript. If you have already previously requested an official copy to be sent to us, please do not fret, there is a strong chance that it is somewhere in our office. Once we have received everything we need, you will be sent an email exclaiming Your SIPA File is Complete and you can rest easy. Lastly, I would like to note that, although June 15th is our preferred deadline, we are perfectly willing to accommodate late materials if delays are encountered. I hope that this helps assuage any anxieties that you have about the status of your documents. I look forward to seeing you all in the fall.

Current Opportunities And Ways Of Improvement Hotel...

Title page States the title, author’s name, the date it was submitted and who the report is for. Current opportunities and ways of improvement hotel sustainability. Table of Contents Table of Contents 1 Abstract 2 1. Introduction 2 1.1 Literature review 2 1.2 Report aim 2 1.3 Research problem/question 2 1.4 Rationale for Study 2 1.5 Report structure 2 2. Methodology 3 2.1 Introduce briefly the different types of research methodology: questionnaire, interview, experiment or observation, etc. 3 2.2 Research methodology used: questionnaire/interview 3 2.3 Explain the sample selection 3 3. Results and data analysis 3 3.1 logging the data 3 3.2 describe the data collected 3 3.3 Making judgements on the data that you have collected 4 4. Discussion and Evaluation 5 4.1 Discussion 5 4.2 Evaluation 5 5. Conclusion Recommendation and Future Work 5 References 5 PDP Summary 5 Appendices 5 Abstract This research present a study for evaluating the methods used by hospitality industries to reduce the impact on the environment. The first part of the report focuses on new ideas of development eco-friendly business in particular hotel chain. Ideas were introduced by employees and now they are approved and successfully adopted. Second part of the report consists of research and analysis of CO2 emission and water consumption table (2010 – 2013) and a questionnaire results. Introduction 1.1 Literature review According to the Frank Naumann (2013) – whoseShow MoreRelatedAdvances And Development Of Tourism : A Literature Of Review1476 Words   |  6 Pageshave influenced the growth and development of tourism industry in many ways. The issue that will be covered in this literature review is the advances of technology in tourism. The purpose of this literature review will explore the major opportunities for tourism service providers. The literature gathered from a variety of resources in particular areas of Internet and social media, innovation of technology in multimedia and hotel design, and transport technology. Role of Technology in Tourism NowadaysRead MoreThe s Mission Statement And Website Tie Into Their Sustainability Efforts1499 Words   |  6 Pagesand Canada. (Company Information, 2010). Petsmart also does their part in the area of sustainability. The following will discuss what the company is doing in the areas of social sustainability and environmental sustainability. Then will discuss how their mission statement and website tie into their sustainability efforts. And finally, the following will give suggestions on how to improvement their sustainability effort. Analysis Social Petsmart Inc., focuses on the development of their workforceRead MoreEnvironment And Sustainability : Wyndham Worldwide2362 Words   |  10 PagesWorldwide – Environment Sustainability WYNDHAM WORLDWIDE HOTEL GROUP ENVIRONMENT SUSTAINABILITY 2010 – 2014 EDWIN SAMA FLORIDA INTERNATIONAL UNIVERSITY Wyndham Worldwide – Environment Sustainability TABLE OF CONTENTS. Page 1. Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 2. 2010 Environment Sustainability †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 3. 2011 Environment Sustainability †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 4. 2012 Environment Sustainability †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Read MoreCorporate Social Responsibility - Hilton3197 Words   |  13 Pagesguidelines for investing entities. Hilton Hilton Hotels amp; Resorts  (formerly known as  Hilton Hotels) is an international chain of full service  hotels  and resorts, it is the flagship brand of  Hilton Worldwide. It was founded by  Conrad Hilton  and is now owned by  Hilton Worldwide. Hilton hotels are either owned by, managed by, or franchised to independent operators by Hilton Worldwide. Hilton Hotels became the first coast-to-coast hotel chain of the United States in 1943. As of 2010, thereRead MoreEnvironmental Safety And Reserve Conservation1727 Words   |  7 Pagescontinued unless we take improved care of the world s environment. Businesses often unenthusiastically arc opening to reflect this awareness with management tactical designed to put up the environment. This process of greening strategy is shifting the way businesses function and look at their products. 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This report will provideRead MoreMarketing Strategic Analysis Report on Intercontinental Hotel, Wellington, New Zealand4751 Words   |  20 Pagesreport for The InterContinental Hotel Wellington (ICW). The ICW is branded from the largest global hotel company in the world, The InterContinental Hotels Group (IHG). The ICW is Wellingtons only internationally branded 5 star hotel and is in the luxury hotel market. It offers rooms for business and leisure travellers however the majority of its visitors are business men. The target market for this hotel is the wealthy older male, the male: female ratio at the hotel is 2.3: 1. 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The strategy of the company is analyzed in comparison with both their internal and external environment in order to formulate possible s trategic recommendations. Proper implementation strategiesRead MoreIndustrial Placement Report in Heritage Hotel1851 Words   |  8 Pagespacific international hotel management school | Reflective Essay Assignment | Industry Placement | | Li Kheng (Alice) Low ID# 1105003 | 11/11/2010 | | Content Page 1. Introduction – The Heritage Hotel (Auckland) Limited 3 2. Strengths and weaknesses of department / hotel 4,5 3. Actions and recommendations to improve department / hotel * Action 1 * Financial management 6 * Action 2 * Housekeeping department 7 * Action

The Crucible Character Study Rebecca Nurse

If there is one character in The Crucible that everyone can love and sympathize with, it is Rebecca Nurse. She could be anyones grandmother, the woman you would never speak foul of or intend to hurt in any way. And yet, in Arthur Millers tragic play, sweet Rebecca Nurse is one of the last victims of the Salem Witch Trials. Nurses unfortunate end coincides with the curtain that closes this play, even though we never see it happen. The scene in which she and John Proctor head to the gallows is heartbreaking. It is the punctuation mark on Millers commentary on witch hunts whether they be in 1690s Salem or the 1960s round up of alleged communists in America which prompted his writing this play. Rebecca Nurse puts a face to the accusations and it is one that you cannot ignore. Can you imagine your grandmother being called out as a witch or a communist? If John Proctor is the tragic hero, Rebecca Nurse is the tragic victim of The Crucible. Who is Rebecca Nurse? She is the saintly character of the play. Whereas John Proctor has many flaws, Rebecca seems angelic. She is a nurturing soul, as seen when she tries to comfort the sick and the fearful in Act One. She is a grandmother who exhibits compassion throughout the play. Wife of Francis Nurse.A sensible and pious older woman held in the highest regard in Salem.Self-confident and compassionate and as the last act demonstrates, the humblest of all the characters. The Humble Rebecca Nurse When convicted of witchcraft, Rebecca Nurse refuses to bear false witness against herself and others. She would rather hang than  lie. She comforts John Proctor as they are both led to the gallows. â€Å"Let you fear nothing! Another judgment  waits  us all!† Nurse also utters one of the more subtle and realistic lines of the play. As the prisoners are led to the gallows, Rebecca stumbles. This provides a dramatically tender moment  when John Proctor catches her and helps her to her feet. She is a bit embarrassed and says, â€Å"I’ve had no breakfast.† This line is so unlike any of the turbulent speeches of the male characters, or the vehement replies of the younger female characters. Rebecca Nurse has much she could complain about. Anyone else in her situation would be consumed with fear, sorrow, confusion, and rage against the evils of society. Yet, Rebecca Nurse merely blames her faltering on a lack of breakfast. Even at the brink of execution, she exhibits not a trace of bitterness, but only the sincerest humility. Of all the characters from The Crucible, Rebecca Nurse is the most benevolent. Her death increases the tragedy of the play.

Enterprise Architecture ( Ea ) - 1567 Words

Enterprise architecture (EA) is â€Å"a well-defined practice for conducting enterprise analysis, design, planning and implementation, using a holistic approach at all times, for the successful development and execution of strategy. Enterprise architecture applies architecture principles and practices to guide organizations through the business, information, process, and technology changes necessary to execute their strategies. These practices utilize the various aspects of an enterprise to identify, motivate, and achieve these changes.† Enterprise Architecture (EA) is a method and an organizing principle that aligns functional business objectives and strategies with an IT strategy and execution plan. The Enterprise Architecture provides a guide to direct the evolution and transformation of enterprises with technology. This in turn makes IT a more strategic asset for successfully implementing a modern business strategy. 1.2 Key Characteristics and Deliverables An Enterprise Architecture typically produces deliverables such as: †¢ Current State Enterprise Architecture Model: Enables clear understanding of present business structure †¢ Future State Enterprise Architecture Reference Model: It is needed to execute on the proposed business strategy †¢ Gap Analysis: It identifies the shortfalls of the current state in terms of its ability to support the objectives and strategies of the business †¢ Architecture Roadmap: It defines the initiatives required to migrate from the currentShow MoreRelatedThe Enterprise Architecture ( Ea ) Essay1221 Words   |  5 PagesBody Enterprise Architecture (EA) is a process of describing the structure and behavior of an enterprise (including its information systems), then planning and governing changes to improve the integrity and flexibility of the enterprise. â€Å"Well Gartner defines EA is the process of translating business vision and strategy into effective enterprise change by creating, communicating and improving the key requirements, principles and models that describe the enterprise’s future state and enable its evolution†Read MoreConcept Of Enterprise Architecture ( Ea )960 Words   |  4 PagesThis article shows you a review about the concept of enterprise architecture (EA), and its importance of being integrated within the modern organizations in order to improve and proper document the organizations’ process. Organizations function in an operational environment that is enough complex, governed and globalized, as well as the need to maintain high levels of competitiveness. In addition, companies must manage the complexity of its information systems; they should keep active updated systemsRead MoreImpact On Ea And Its Conventional Practices Of Enterprise Architecture1289 Words   |  6 PagesIOE IMPACT ON EA - Introduction Enterprise Architecture (EA) is a well-established practice followed within most of the enterprises to conduct planning, analysis, design and execution. On the other hand, Internet of Everything (IOE) is a radically new concept of connecting people, process, data and things. This article researches on the impact of IOE on the conventional practices of Enterprise Architecture. The sections below describe EA and its conventional practices. It also describes IOE andRead MoreEnterprise Architecture : Business Architecture1206 Words   |  5 PagesEnterprise Architecture IA-3 2. 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Research Essay - IASB Framework And Liabilities

Question: 1. With reference to the above statementdescribewhat you understand by the term liabilities and how they are measured. 2. Discussliabilities and the problems of measurement in the context of the present IASB framework. 3. Select a company from the Australian Securities Exchange website and download the 2014annual report. Evaluate the categorisation and treatment of liabilities in the annual report. 4. Comment on the relationship between the measurementof liabilities and decision useful information with examples from your selected annual report. Answer: Abstract The research topic of the definition of liabilities and their measurement with regard to an ASX listed company Myers Holdings Limited has been presented to us for the Summer Semester 14-15. Herein, the entire assignment has been segregated into four different components, wherein the first part of the assignment caters to the need of understanding the definition of liabilities as presented by the Australian Accounting Research Foundation (PSASB and AASB 1998). The second part of the assignment deals with the detailed discussion about liabilities and the existing issues with its measurement, with concern to the current IASB framework (Bullen, Johnson and Crook 2005). As we go on further into the study of this paper, we observe that the third part of the assignment completely takes into being the classification and treatment of liabilities from any company listed in the Australian Securities Exchange (ASX). We have selected the company of Myers Holdings Limited (Read as MYR on ASX) for the study of the classification and treatment of liabilities from the downloaded report of 2014 (ASX 2014). The fourth and the final part of the assignment revolve around the relationships between measurement of liabilities and decision-useful information along with selected examples from the 2014 Annual Report of the Myers Holdings Limited. Overall, the assignment attempts at delivering the concept of liabilities, their measurement, presentation and utility for the key executives of any company in finalizing and concluding decisions about significant business operations. The reader comes to the accrued knowledge of what are liabilities as per the Australian Accounting Research Foundation, and how can the relevant knowledge of measurement be employed to the understanding of the facts mentioned in the 2014 Annual Report of Myers Holdings Limited. Introduction Myer Holdings Limited has been into operations for over more than 100 years in Australia, into the style, fashion and lifestyle products. It is said to be the largest departmental store in the entire sub-continent of Australia and is said to have generated a whopping $3.1 billion turnover in 2014, and is the largest departmental retail chain across Australia with over 68 retail outlets and the most recent venture into the digital and mobile platforms with the revolution in internet. 11 core products are offered under the umbrella of this brand, which include the likes of menswear, women wear, lifestyle products and so on. The categorization and treatment of liabilities in the 2014 balance sheet of the Myer Holdings corporation has also been analysed herein, and a small explanation given for the same. The definition of liabilities and calculation of liabilities are significant in the understanding of the business decisions which Myer undertakes for undertaking right business decisions. Certain issues with measurement of liabilities with the context to the IASB framework, which is still under the creation of standards from the 1989 framework it had created initially. Finally, the establishment of the relationship between the measurement of liability and the business decision-making has been taken in herein. Body (1) In the most simplest of definitions, liabilities refer to the future sacrifices of economic benefits that is compulsorily obligated on the concerned entity to the other entities in the same business line, as a consequence of any past business transaction or past events (PSASB and AASB 1998). The Public Sector Accounting Standards Board (PSASB) of the Australian Accounting Research Foundation (AARF) and the Australian Accounting Standards Board (AASB) could not have been able to define liabilities in any simpler language. Any entity in order to run its business operations are required to operate it under the credit model apart from the input of liquid cash (Department of Economic and Community Development 2010). This is so, considering the dynamic turnaround time businesses are adopting these days, with consideration to rapid globalization taking place across the world. Companies these days face the possibility of dynamic growth opportunities and hence they are willing to operate under the consideration of supplying credits, for a particular time period, either on good faith, or for the purpose of availing the existing business operations. These transactions occur on credit and hence this turns around to be the definition of liability (Baskerville 2011). In totality, there are three different kinds of liabilities: Current Liabilities Non-current liabilities Contingent liabilities The following are the various types of treatments to the above mentioned types of liabilities. 1. These are short term loans or liabilities which must be paid within a year of their birth. They are reflected under the current liabilities head of the liabilities section of the balance sheet of the company. On the successful payment of these short-term obligations, they are written off the companys books of accounts, and the balance is debited then. Examples of current liabilities are payment due to suppliers, accrued taxes, rent and interest, and profitability materialised and collected in advance. 2. The examples of long-term liabilities are mortgages amount on property, bank loans and lease obligations for vehicles or any major business equipments. These are also written under the long-term obligation headings of the liabilities section and generally take more than one year to be paid off (The State of Queensland 2015). 3.The contingent liabilities are the companys back-up funds for an emergency situation like a case law filed against the company or any environmental law suits slapped over the business operations of the company. Such contingent liabilities are however not noted under the liabilities (short or long term) section of the Balance Sheet of the company. Generally, companies create a separate fund for the same, and include the same under the Notes section of the Balance Sheet of the companies. (2) It must be noted that after the creation of the business, profits can only be earned through transactions, and however, at the same time, earning these profits require certain capital inputs. At times, when the business houses are incapable of inserting a separate fund for the same, business take goods from the suppliers on credit in return of favour of delayed payments through cash, kind, or business goods (Baskerville 2011). Along with the owners fund (equity fund), the business also receives certain other funds from suppliers and creditors for the purchase of assets with which the business is intended to continue. These are termed as liabilities for any business house. The concept of liability come from the accounting entity assumption and under such an assumption, it is taken into consideration that the business entity is completely a separate entity and all transactions of the business are identically different and separate from the personal transactions of the owners of these businesses. Through such an assumption, the credibility lies in the true reflection of the financial details and facts-figures of any business-house at any given point of time (Baskerville 2011). Speaking about the recognition of a liability, the following facts can be put forward. A liability is only recognised if and only if the following conditions are met: 1.There is a definite future compensation of economic benefits in order to repay for the present reaped benefits by the company in terms of goods or services, whatsoever be the case (IFAC 1996). 2.Secondly, the mannerism of the calculation of the liability amount must be fair and reliable. This means that the factors of inflation and other such relevant aspects must be taken care of prior to the birth of such a liability (Australian Accounting Research Foundation 1995). Speaking about the IASB Framework, it must be mentioned and taken into consideration that in order to recognise a liability, it does not have to be an obligation which is due as per demand, rather than that, it stands out to be under a framework wherein, it becomes due as soon as the obligation arises (ACCA 2011). Thus, under the given frameworks of IASB, it is mandatory for the acceptance of liability to erect and come out as reflected under the financial statements as soon as it has arisen. Although this comes out to reflect the true and actual reflection of the financial health of any business, sometimes, it becomes adversely aggressive with the financial health of the business and the entity may not receive positive reviews from auditors and third-party clients who are even vaguely interested in the business operations and results of the entity in concern (Lott, Knubley and Clark 2013). Thus, for instance, IAS 37 (International Accounting Standard 37) of Provisions, Continent Lia bility and Contingent Assets is thoroughly in line with the IASB Framework and would require for the acceptance of the decommissioning cost of the rig oils in future. As soon as the rig oil locations are selected and the rigging procedure begins, the cost for decommissioning the same is arisen at the same time, and reflected as a non-current liability in the books of accounts of the concerned company, at the cost of the present value of money (Whittington 2008). Another major factor which really affects the measurement of liability is the entire structure of creating frameworks by the IASB (Bence and Fry 2003). IASB still presently uses the 1989 Framework for the Preparation and Presentation of Financial Statements which is deemed to be obsolete in the current accounting and business scenario. This leads to very limited guidance on the application of the 1989 framework to justify the appropriate measurement methods of the arising liabilities for any business. (3) The treatment of liabilities is a multi-dimensional concept. Herein, one has to take care that the differences between the maturity of assets and liabilities are taken care of, and not huge differences exist (Holton 2014). The entire aspect of ensuring the right balance between the maturities of liabilities and assets requires the primary understanding of what liabilities a company incurs in its year long process of business operations. Although, it is a continuous process, and therefore the accounting managers must take care that as soon as liabilities are incurred, the cash flow from these liabilities are rightly invested in assets which give best maturity returns as well as within the stipulated time (Myer 2014). Prior to segmenting the liabilities section of the 2014 financial report, it must be understood that the CEO considers Myers to be a complete store and product group, and has marked that the Myers Holdings Limited conducts its business operations in the departmental retail sector in Australia (Myer 2014). The company selected herein is the Myers Holdings Limited, which is existing in the retail industry and is statistically Australias largest departmental store, with a turnover of around $3.1 billion Australian Dollars for the year ending 2014 (Myer 2014). The company mainly deals in 11 core products which include the likes of men-wear, women-wear, child-wear and so on. The consolidated Balance Sheet for Myers Holdings Limited for the year ending 2014 has been prepared as on July 26, 2014 and hence all the conclusions and findings are thoroughly based on such annual report of the Balance Sheet as on 2014 (Myers 2014). In the financial reports of the 2014 financial period, we observe that Myers Holdings Limited has segregated liabilities into two divisions, number one being current liabilities and the second being non-current liabilities. Under the current liabilities, we have various sub-headings which are termed as trade and other payables, derivative financial instruments, current t ax liabilities, provisions, deferred income and other liabilities whereas on the other hand, under the non-current liabilities are mentioned sub-headings like borrowings, derivate financial instruments provisions, deferred income and other liabilities (Myers 2014). Under the current liabilities section, we notice that the derivative financial instrument of forward foreign exchange contracts has been applied (Myers 2014). A total current liabilities with respect to derivate financial instrument comes up to 5,253 ($000) When it comes to this, we must validate the application of such a derivative program. US Dollars or other currencies are purchased in bulk against the maturity of the payment from the goods sold on credit. The total payables are calculated at the present value rates, and the exclusion of interests-bearing. The total trade payables have been calculated as an addition of trade payables and other payables, the amounts of which are 203,473 ($000) and 224,593 ($000). Under the provisions of the current liabilities, we have the addition of employee benefits, workers compensation, sales returns and other current liabilities, a sum total of 82,167 ($000). Under the non-current liabilities section, we notice that an amount of 3,401 ($000) is present which accrued due to the interest rate swap contracts. We have the additions of employee benefits, fixed lease rental increases and other provisions, summed up to the total of 14,039 ($000). (4) The concept of accrual accounting is pretty much in the norms of the financial accountability of majority of the business organizations, in fact, in all organizations as such overall (Rowles 2004). The measurement of liabilities is in an important contributor to both the inner budgeting process, as well as, the external third party dealing aspect. They have been completely imbibed in the operations management of business organizations in nations like the UK, New Zealand and Australia, and in fact, have also become the jurisdiction laws in the States. The purpose of these measurements of liabilities is to provide a true reflection of the ongoing application of these sources of liabilities and their physical investment into assets for the organization, for sustaining the business operations in the long run (Rowles 2004). The correct measurement of liabilities and the application of these sourced funds in the long and short run for business operations are a clear and specific indica tion of the performance of business houses. The presence of these measured liability also paves the path for a definite investment model into assets, which further assists the decision making process overall. In the concerned organization taken by us, which is the Myer Holdings Limited, we observe that the total payables amount of 428,066 ($000), is used to create an inventory balance of 376,763 ($000) and at the same time, the total receivables of 30,133 ($000), apart from the cash transactions which were employed to create trade for Myer Holdings (Myer 2014). Thus, the relevant significance of the right investment channels is guided by these measurements of liabilities whether done through the fair value measurement or the present value measurement methods (Financial Accounting Standards Board 2013). Therefore, the management is continuously aware of which measurement methods are more practical and relevant to taking the right business investment patterns through the experimental study of a particular period. One can take the one-by-one study of the cash sales, and credit sales and the consideration of the turnaround period to gather vast information as to which is leading to higher gen eration of profitability and subsequently liquid cash-in-hand with Myer Holdings. Further, the investment into derivate financial instruments and their calculation are also assisting the management of Myer to calculate the expected foreign forward contract returns through the investment into US Dollars or other currencies. In order to safeguard the future rate of foreign currency and offset any unnecessary loss possible, Myers is involved with these foreign forward contracts wherein a certain amount of foreign currencies are purchased for the rightful investment patterns. Taking into consideration the Government imposed tax liabilities for Myer or any corporate house whatsoever, it can be stated that the tax calculations are completely an important part of the entire business operations as they give the company an insight into, how much tax obligations are on their head (Rowles 2004). The calculation of tax considerations come up to 7,321 ($000) for the accounting year of 2014, and Myer is now aware of the current tax obligations it has. This will further assist Myer in studying how much amount of business operations lead to the current tax obligation. Therefore, a further detailed study would assist Myer in undertaking tax planning activities in order to lessen the burden of income tax obligations. Additionally, majority of the financial boards like AASB and CFA are recommending the application of Fair Value as the right measurement methods of financial liabilities, as they reflect a true figure on the economic reality of the business organizations (CFA Institute 2010). The fair value measurement of liabilities will lead to the right decision making with respect to the future amounts, timing and riskiness of liabilities which might arise in future. For instance, in the 2010 balance sheet of Myer Holdings Limited, we notice that the borrowings of 422,030 ($000) are valued at fair value (market value) which otherwise would under-compute the total non-current liabilities, leading to the reflection of an untrue figure. This might induce Myer Holdings to take in more borrowings, leading to higher debt obligations in future. Conclusion In order to conclude the assignment I would like to restate the facts, figures and points mentioned above, in the individual sections of the assignment. Primarily, the definition of liabilities and their measurement have been spoken about, wherein; we have defined liabilities as the future compensation of economic benefits which are reaped at present. In the second part of the assignment, we have further discussed as to what are liabilities and the existing issues with the current framework advocated by IASB have further been discussed. The framework does not stand to have any authoritative stand on the guidance on how these standards for the measurement of liabilities are to be formulated; rather they follow a 1989 framework as such, with slight modifications in the 2010 framework. The selected company from the Australian Securities Exchange is the Myer Holdings Limited which has categorized and segmented liabilities based on the current standing and long term standing. Herein, we have observed how the liability amounts are computed and treated, for the fair view of financial health of Myer. Last, but not the least, the concluding topic of discussion was the right relationship between measurement of liability and the useful decision making by business entities, so as to enhance the number of productive business decisions. The assignment proved helpful in attaining the knowledge of liabilities and decision-making. Reference AASB (2013, October 15). AASB Paper discusses accounting for liabilities. [Online], available from IAS Plus Website:(Accessed January 15, 2015). AASB (2013, October), AASB 13 Fair value measurement. [Online], available from EY Website: (Accessed January 15, 2015). Australian Accounting Research Foundation (1995). Definition and recognition of the elements of financial statements. [Online], available from AASB Government Website: (Accessed January 15, 2015). ASX (2014). Myer Holdings Limited Details. 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