Legal Data Implications Issues - Free Essay Example

Sample details Pages: 1 Words: 327 Downloads: 4 Date added: 2018/12/14 Category Ethics Essay Type Research paper Level High school Tags: Health Care Essay Did you like this example? Tom Beauchamp and James children discovered health care ethics principles in the year 1985. Ethics principles were established to guide in decision making when health practitioners inevitably encountered difficult circumstances concerning patients. The ethical principles are contained in the data protection Act 1998(DPA1998) besides caldicoff principles of an authentic practice on the additional users of the personal data. The ethical have both legal and illegal impact on both parties involved. The Immigration and Naturalization Service (INS) powers were under justice department and also were under the United States labor department from 1933 to 1940. Its functions ceased when most of its features were transferred to new entities. Uncertainty about legal and authentic requirement has remained unanswered up to date (Danley 2010). The two critical implication to address are confidentiality and quality management. Don’t waste time! Our writers will create an original "Legal Data Implications Issues" essay for you Create order Cases against unlimited data overwhelmed the (INS). Health related information requires a high level of restriction. Records confidentiality through security fixed locks cabins should be the best solution. Moreover, cabin keys should be under one staff member management. As a result, patients will have confidence and visit the hospital when need arises since their data is not exposed to a third party. This practice should be impressed, and in case of a computer system, systems should be fitted with passwords and accessed by only authorized individuals. Besides, despite safeguarding the well-being of patients, the idea will have marketing advantage since most patients prefer information confidence. Similarly, data and documentaries should be safely kept. Anyone or individuals or object engendering misplacement of data should try to evade. The idea aims to enhance  Ã‚   accessibility and quick handling when they are required for health care use. Hence, its successful implementing will accord patients trust since it will confirm a high management level. In essence, the Immigration and Naturalization Service ethical data issues should be utilized for our healthcare data management implementations. References Danley, J. V. (2010). SEVIS: The Impact of Homeland Security on American Colleges and Universities. New Directions for Institutional Research, (146), 63-73.

The Australian Constitution Essay - 1027 Words

The Australian Constitution Will Australia become a republic in the next twenty years? This is a difficult question to speculate on. The main area of law governing this issue is section 128 of the Commonwealth of Australia Constitution Act 1900 (U.K). Other issues in this debate are regarding appointment, termination and the powers to be awarded to the proposed Head of State, and the impact the change will have on the States. Examining the history of Australian Legislative powers, and reasons why Australians would want to change, is also useful when speculating on this issue. The Colonial Laws Validity Act 1865 emphasized self-government in the colonies, although denying them the power to amend or repeal British law. (Enright†¦show more content†¦(Chisholm et.al 1997,p.68) There is a feeling that for Australia to be truly independent, the ties with England would need to be severed. (Mack, K., in Corkery et.al 1998, p.34) One view would be to simply abolish the Monarchy. (Winterton, G., in Stephenson et.al 1994, p.17) However, others might say that our current system is already mostly Republican with the only Monarchial elements remaining being the concentration of Royal powers in the Ministry. (http://www.aph.gov.au/senate/general/republic.htm#aussie) In any event, ‘severing the Royal ties’ is not that easy, as amendments to the Australian Constitution Acts 1900(U.K) can only be passed in Parliament in accordance with section 128. (Chisholm et.al 1997, p.61) Section 128 prescribes that changes can only be implemented by referendum. To hold a referendum a Bill needs to be passed through the Commonwealth Parliament to authorize it. Once authorized, a majority of votes, as well as a majority of States is required. This dual criterion has proven difficult to achieve, with only eight referendums being successful since Federation. (Brown et.al 2000, p.p. 68-69 and Chisholm et.al 1997, p.64) If a referendum is successful, the Governor-General will need to assent to the Bill to become an Act. Moreover, since the referendum effectively abolishes the Office of the Governor-General, alternative arrangements could be needed to beShow MoreRelatedThe Australian Constitution1230 Words   |  5 Pagesâ€Å"The Australian Constitution was drafted at a series of constitutional conventions held in the 1890s. It was passed by the British Parliament as part of the Commonwealth of Australia Constitution Act 1900 and took effect on 1 January 1901. 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While they both have the same aim and goals, they are still two different countries with their own views, constitutions, and types of of government, and of course different approaches. As I go deeper into this I will explain how the constitutions are so similar yet so different. There are several similarities contained within the preambles of the Australian and United States constitutions. Immediately, theyRead MoreThe Australian Constitution And The Separation Of Power2193 Words   |  9 PagesThe Australian Constitution is a rich amalgam of various classical political principles. The concepts of the Rule of Law and the doctrine of the Separation of Powers evident in Montesquieu’s Spirit of the Laws are both salient examples of political theses that are central to Australian Constitutional Law. The structure of the Constitution itself and decisions of the High Court of Australia unequivocally validate the entrenchment of the doctrine separation of powers in the Commonwealth ConstitutionRead More The Australian Constitution And The Use Of Convention Essay1414 Words   |  6 Pages The Constitution of Australia is a written document, which came into effect when the six colonies federated to form the Commonwealth of Australia in 1901. It consists of eight chapters and 128 sections and lays down a set of laws or restraints by which the Federal Government must operate. It establishes the composition, procedures, functions, and powers of government, government authorities, such as the Governor General and other essential institutions. The Constitution is the basic framework forRead MoreAnalysis Of The Aboriginal And Torres Strait Islander People In The Australian Constitution1091 Words   |  5 Pagesconvention held recently and they push for a constitutionally enshrined Indigenous voice in the Australian Parliament and a commission that will hopefully lead to a treaty. More than 250 community leaders came together for the Uluru conference in discussing the future and what seemed to be the biggest topic, changes made in recognizing the Aboriginal and Toress Strait Islander people in the Australian constitution. Per the article, The Aboriginal and Torres Strait Islander leaders have rejected the ideaRead MoreAustralian s Constitut ion : The Founding Political And Legal Document Of Our Nation1556 Words   |  7 PagesAustralian’s Constitution is the founding political and legal document of our nation. It underpins the system of government and the federal laws by which our country is run. The Constitution was written over a century ago and was shaped by the values and beliefs of the time, the Aboriginal or Torres Strait Islander people were not recognised at all. In fact the only mention of the Indigenous people was to exclude them. Most Australian people in society today would be shocked to know that the ConstitutionRead MoreAustralia Based On The Doctrine Of Terra Nullius1416 Words   |  6 Pagesrecognize the existing Indigenous Australians and their ancestral land. Subsequently, the Aboriginals and Torres Strait Islanders were excluded from matters concerning their ancestral land during the drafting of the Australian constitution. Thus, resulting in an Australian constitution that discriminated ag ainst its first peoples, their connection to the land, culture and laws. â€Å"The Indigenous people we subjugated to the laws and customs of England, the Australian constitution ignored claims to land andRead MoreThe Australian Government Essay1381 Words   |  6 PagesWhen you think of the â€Å"land down under† you don’t really think of the kind of government they have. I chose to write about the Australian government because I really don’t hear much about Australia. It currently has a pretty interesting story to tell when it comes to their government. I became a bit interested in Australian politics when I saw a political animated cartoon on the internet that depicted Kevin Rudd, the last Prime Minister, on a news television show and it was quite humorous. I am goingRead MoreMajor Issues in the High Court Review 2006931 Words   |  4 Pages The major issues in the high court review 2006: Australian Federalism – implications of the work choices decision is that it seems unlikely that voters would have supported the characterisation of the corporation power that was adopted by the court. This might be viewed as a problem. This is argued that the majority’s disregard of failed referendums constitutes usurpation of the people’s privilege to change constitution as certain. Callinan J stated that the view of the people was appropriate arbiters

Sociology Dissertation Topics Free Essays

string(33) " which this statement is true 2\." 1.0 Introduction A number of issues that fall within the category of social science form the foundation of an in-depth and extensive research on any sociology topic. This article provides suggestions into a number of sociology dissertation topics covering ten areas of study under social science. We will write a custom essay sample on Sociology Dissertation Topics or any similar topic only for you Order Now Contrary to other dissertation topics on our site Journal, we have presented these as suggestions for a topic you could use. That way you could frame the exact topic how you’d like based on the suggestions presented. 2.0 Categories and subsequent list of dissertation titles 2.1 Sociology of religion 2.1.1. Different genders have dissimilar relations on sexual and gender issues. Analyze the relation flanked by sexual issues and gender based on different religions 2.1.2. Cross religious beliefs in the world vary according to the customs and practices of a country. Provide an assessment into the cross religious values and beliefs with reference to the United Kingdom 2.1.3. Religion and educations are closely linked in modern studies of social science. Investigate the connection between education and religion emphasizing on the two aspects as a social institute 2.1.4. Advancement in technology and increased freedom of the media has created different perceptions on religion. Discuss the role of electronic and print media in the United Kingdom in creating different perceptions concerning different religions 2.1.5. Social change has taken over the world. Discuss this statement with reference to the link between social change and religion 2.1.6. Inter-faith accords are necessary for peaceful coexistence of different religions. With reference to the UK, explore grounds on which of reaching common religious grounds through inter-faith connections 2.1.7 The society’s social structure is rapidly changing in the modern world. Critically analyze the role of religious institutions in the UK and their effect on the social structure of the community 2.1.8 Discuss ways in which social interactions among people with dissimilar religious beliefs have orchestrated religious diffusion 2.1.9 Discuss the significance of religion and its impact on marriages in the modern world 2.1.10 Politics has a close relation with religion. Explore possible ways in which political behavior may be connected to religion with reference to the UK. 2.2. Sociology and education 2.2.1 Social exclusion of young people in schools has changed the structure of the education system. With reference to UK public school, analyze the education structure based on socially excluded people 2.2.2 Discuss the impact of sociological policies on education history after World War II with relevance to the UK 2.2.3 Explore the connection between academic performance and teacher’s motivation level with reference to public schools 2.2.4 Discuss the impact of social assistance and guidance in primary and secondary schools in the UK 2.2.5 Explore the effect of the school background on children’s acuity toward the larger society 2.2.6 With reference to UK’s scholarship policies on higher education, explore the effect of such policies on social stratification on the society 2.2.7 Compare and contrast sociological and economic outcomes of UK’s education curriculum on students 2.2.8 Analyze the educational environment by public UK public schools toward establishing inter-faith affiliations among students 2.2.9 With reference to Marx’s Conflict Theory on education, examine the UK public system and the sociology concept pin the conflict theory 2.2.10 Explore possible avenues through which the UK public school system can reduce the gap in education for marginalized groups 2.3. Cultural sociology 2.3.1 To what extent do foreign cultures brought in by immigrants affect the indigenous values and practices in the UK? 2.3.2 Provide a critical analysis into the aspect if cultural lags in the modern society with reference to the UK 2.3.3 Foreigners can have cultural upsets to places they are unfamiliar. Explore the types and scope of cultural distress that an alien from Asia of Africa may encounter in the UK 2.3.4 Social interactions among cultures are necessary for peaceful co-existence. Discuss the positive and negative facets of social interaction among sub-cultures in the UK 2.3.5 To what extent do you agree that Marx’s Conflict theory applies to societies in the UK? 2.3.6 Provide a critical analysis of the different subcultures existing in the UK. Limit your scope geographically 2.3.7 Examine the historical changes of UK’s popular culture today and 100 years ago 2.3.8 Analyze Marx Webbers rationalism theory and explain its relation to the social structure of the UK society 2.3.9 Critically analyze the changing trends in societal norms in the UK, making comparison UK’s culture decades ago 2.3.10 Examine the shifting fundamentals of counterculture with reference to the UK society 2.4. Comparative Sociology 2.4.1 Compare Japan’s culture as a capitalist state with the UK as a welfare state 2.4.2 Critically analyze the aspects of social inequality drawing comparisons on Communism vs. Capitalism 2.4.3 Examine the facets of determining the social development of an individual under the democratic and totalitarian systems 2.4.4 Compare and contrast the responsibility and impact of religion in shaping social aspects of the Arab and American societies 2.4.5 America and Britain have different education systems. Compare the two systems and their roles in shaping societal norms 2.4.6 Family is the basic unit of any society. Provide a comparative analysis of the family structure in the Arab and British societies 2.4.7 Compare marriage as an institution in the American and Indian societies 2.4.8 Immigration in the UK has diffused its culture. Explain whether the UK has maintained its providing a comparative analysis of various cultures in the modern British society. 2.4.9 Compare the practices and trends in labor markets in Asia and the UK 2.4.10 Focusing your research on Africa and America compare gender issues affecting these two societies and their impact. 2.5. Political Sociology 2.5.1 Examine the trends and dimensions of gender voting in the American and British political systems 2.5.2 Explore the impacts of increased globalization on the political landscape and state politics in the UK 2.5.3 Social issues mainly drive power politics in the America society. Discuss the extent to which this statement is true 2.5.4 Examine the power and influence of minority interests in mainstream UK power politics 2.5.5 Discuss the extent to which British power politics conform to Marx’s views on social class. 2.5.6 Discuss the effects of political power struggles among the society’s elite groups on the social welfare of the people 2.5.7 Critically analyze UK’s state welfare structure and its impact on social aspects and trends 2.5.8 Discuss the extent to which democracy can apply in a capitalist state society 2.5.9 Examine the link between religion and politics as the leading social institutions of the world today 2.5.10 Compare the balanced-legal and charismatic models of leadership in the UK and assess their suitability to the contemporary society 2.6. Economic Sociology 2.6.1 Evaluate capitalism and communism economic models and their effects on the social pecking order 2.6.2 Conduct an analysis into the sociological magnitudes and proportions of consumer spending in the UK 2.6.3 To what extent does the UK economy relate to Marx’s criticism of capitalism? 2.6.4 Explain the social transforms experienced in the UK during economic transition from the Agrarian revolution to the modern informational upheaval 2.6.5 Discuss the extent to which the informal economy can engender internal socio-economic growth in the UK 2.6.6 Provide a critical analysis explaining whether the communist economic model can suit the current UK society 2.6.7 Discuss the social effects of augmented worldwide labor immigration on UK’s society 2.6.8 Examine the effect of the professional (white collar) and manual (blue-collar) jobs on the social divide in the modern British societies 2.6.9 Discuss the family relationships of a contemporary UK household focusing on the intra family relationships and their effect on the society 2.6.10 Explore the negative effects of the recent global financial crisis on the UK economy and its impact on the social stratification of the labor markets. 2.7. Industrial Sociology 2.7.1 Social communication is an essential organizational aspect. Discus the social scope of basic communication within a corporation 2.7.2 Provide a detailed analysis of the social organization of an archetypal extensive corporation in the UK 2.7.3 Creating a balance between management and social requirements is necessary in any organization. Examine ways that managers can create this balance and argue whether the relationship should be based on organizational objectives or social requirements 2.7.4 Explore the connection between employee performance based on productivity and motivation 2.7.5 Trade unions play a critical role in the social well-being of workers. Discuss the shifting trends in the role of trade unions as champions of social well being of UK workers 2.7.6 Technology has necessitated automation of everything including workers. Discuss the effects of automation on the social well being of employees by UK organizations 2.7.7 Discuss the connection between culturally sensitive organizational policies and employee satisfaction and performance 2.7.8 Explore the possible ways through which organizations can handle cultural multiplicity and develop cultural synchronization 2.7.9 Explore the fundamental facets of modern UK industrial societies 2.7.10 Discuss the role of corporate social responsibility in influencing societal values and practices 2.8. Sociology of Criminology 2.8.1 Examine the historical background of social reasons behind the increased street gangs in the UK 2.8.2 Describe the aspect of increased alcohol consumption as a major social reason for augmenting crime in the UK streets 2.8.3 Discuss the social alternatives toward crime prevention arguing whether corporal punishment is the sole option for preventing crime 2.8.4 Criminal activities involving knives have been on the increase. Explain the social reasons behind augmenting knife felony in the UK society 2.8.5 Criminal agencies have been reported to abuse crime reporters. Explore whether there are any indications of cruelty in crime coverage or reporting 2.8.6 Provide an analysis examining whether there is a link between ethnical and gender magnitudes to criminal activities in the UK 2.8.7 Criminal statistics in the UK have been questioned and termed as not reflecting the status quo. Comment on the statistical collection methods of crime and the effect of untrue data on society 2.8.8 Deviance has taken a wider scope in the UK. Discuss the major scope of deviance in the modern UK society 2.8.9 Provide a critical analysis into the British government’s crime prevention and control policies 2.8.10 Explore the scope of Durkheim’s ideology on Anomie and whether the proposal is the major reason for augmenting criminal activities among the youth in the UK 2.9. Marriage and Family Sociology 2.9.1 Discuss the historical perspective of the family as basic societal unit, its structure and size in relation to the UK family 2.9.2 Explore the diversified sub-cultural marriages among various cultures in the UK 2.9.3 Discuss the shifting trends of women empowerment and fertility rates within the scope of marriage with reference to the UK 2.9.4 Explain the significance of child-parent relationships and its effect on family dynamics in modern UK societies 2.9.5 Discuss the impact of familial brutality on the functions and image of the family 2.9.6 Domestic aggressions have increased in recent years. Explain the social issues behind domestic aggression with reference to the UK 2.9.7 Explain the major reason for increasing divorce rates in America and the UK focusing on the social causes 2.9.8 Compare the family relations depicted by a nuclear and extended family focusing on their advantages and disadvantages 2.9.9 Analyze the effect of varying and periodical shifts in social trends on the basic structure of a UK family 2.9.10 Analyze the temperament and scope of UK’s residential trends and patterns and their effects on the societal values and practices 2.10. Gender Sociology 2.10. 1 Examine the changing gender roles, specifically women emancipation and autonomy on the role of women in the society 2.10.2 Media has a pivotal role in shaping gender roles. Discuss the media’s role in determining gender roles in modern societies 2.10.3 Examine the impact of increased participation of women in politics and its effects on their roles in society 2.10.4 Does religion have any role to play in influencing or shaping gender roleDiscuss the validity of this statement with reference to UK political system 2.10.5 Shifting trends in developing countries have equipped women with more bargaining power in the family. Discuss the extent of female bargaining power on the changing roles of women in society 2.10.6 Explore the possible social aspects that determine and influence societal gender relations 2.10.7 Discuss the historical reason behind the exclusion of women from education with reference to their roles 2.10.8 Contrast the roles and functions of the traditional woman with the increased autonomy and freedom of the modern woman focusing on gender equality in modern societies 2.10.9 Examine gender policies in workplaces and discuss the role of such policies in shaping gender quality and eliminating gender discrimination 2.10.10 Discuss the reasons and causes of increased gender discrimination against women in developing countries with specific attention to African countries 3.0 How to structure a sociology dissertation Title page Dedication Acknowledgement Abstract: This includes a precis of the entire dissertation Table of contents Introduction: This section introduces the research study and recaps the scope of the study. This section also recaps the objectives and aims of the study, problem statement and the methodology. Literature review: This section covers an extensive research on previously published and unpublished information pertaining to the study topic. The rationale for including this section is to delve into the weaknesses and strengths of existing research and develop a framework for literature for the study topic. It must include exploratory model on relevant theoretical frameworks and conclude with the research questions that will be answered by the research Methodology: This section outlines how the study was conducted with subtitles explaining strategies used, philosophical considerations, collection of data and analysis. The sections must also highlight the data reliability and validity, limitations of the research, as well as the ethical concerns. Results: This section covers the results of the research stressing on raw data collected rather than elucidations and inferences. Discussion: This section includes detailed discussions of the results drawing inferences from the literature review. The discussion must elucidate each study question while discussing whether the evidence presented support the research hypothesis Conclusion: This section concludes the research based on discussed material. It may include any shortcomings of existing research and recommendations for future research. References: Includes a list of material used in the research and must follow the format stated Appendices: Includes interview scripts, questionnaires, research budget, work plan and any statistical outputs. How to cite Sociology Dissertation Topics, Essays

Finance Reporting And Corporate Governance â€Myassignmenthelp.Com

Question: Discuss About The Finance Reporting And Corporate Governance? Answer: Introducation The financial statements of the companies are prepared according to the instructions provided in the generally accepted accounting principles (GAAP). The GAAP of different countries is different, for example, the Australian companies follow AASB GAAP, the companies in USA follow US GAAP, and there is international GAAP also being prescribed by IASB. The generally accepted accounting principles are set by referring to the basic accounting concepts and principles such as cost and fair value principle, concept of accrual and prudence, principles of double entry etc. The principles of historical cost state that the assets of an entity should, for first time, be recorded based on the historical cost (Broadbent Cullen, 2012). Further, there are few assumptions that are required to be made in preparation of the financial statements of the entities. The primary among them are the assumption of monetary unit and economic entity. As per the monetary unit assumption, the accounting records should include only the transactions capable of being expressed in monetary terms. The assumption of economic entity states that the activities of an entity are separate and distinct from those of its owners. It implies that the entity has a legal status separate from its owners (Broadbent Cullen, 2012). Further, the historical cost convention provides a basis for measurement of the financial items such as assets and liabilities. As per the historical cost model, an item of asset is recorded in the financial statements at the cost at which it was acquired. The historical cost convention assumes that the value of an item of asset being recognized in the books at the historical cost would remain unchanged over the period of t ime. However, this assumption of historical cost convention does not seem to be appropriate because the value of items of assets may change in future (Lee, 2007). The impact on comparison of the financial statements of three items such as accounting convention and accounting standard, consolidation, and foreign currencies is significant. In particular if one is looking compare Nestle (USA) with Patties Food Limited (Australia), the provisions of GAAP will play a significant role. The consolidated financial statements of Nestle are prepared under the IASB GAAP while that of Patties Food Limited are prepared under AASB GAAP (Nestle, 2016). The accounting conventions and accounting standards provided under the US GAAP are different from that provided under the AASB GAAP. Although the basics are same but differences exists in presentation and measurement of certain items of financial statements. Further, while comparing the financial statements of two entities, it should also be seen that the financial statements are consolidated or standalone. The consolidated financial statements comprises of the financial statements of parent and all its subsidiaries (Robinson et al., 2015). The comparison of two entities would not be fruitful if ones financial statements are consolidated and others are standalone. Further, the foreign currency transactions in the financial statements are also crucial to be taken into account for comparison purposes. The financial figures may substantially differ due to involvement of the foreign currencies. The profit or loss on account of foreign currency translation may affect the financial position of the company severely. Explanation of Similarities and Differences The consolidated financial statements of Nestle have been prepared based on the GAAP prescribed by IASB. Thus, in preparation of the financial statements of Nestle, the international accounting standards have been followed. On the other hand, the financial statements of Patties Food Limited have been prepared applying AASB GAAP (Pattiesfoods, 2015). Thus, the financial statements of Patties Food Limited have been prepared on the basis of Australian Accounting Standards. The provisions of accounting standards under two GAAPs may be different but the basic principles and concepts are same. Both the accounting frameworks such as IASB as well as AASB follow the accounting concept of accrual and historical cost basis in preparation of the financial statements. The consolidated financial statements of Nestle are being prepared under the IAS 27 while the consolidated financial statements of Patties Food Limited have been prepared under the AASB 127 (AASB 127, 2007). The provisions of the IAS 27 and AASB 127 are similar, thus, the consolidation processes would be same for Nestle (under IASB framework) and Patties Food Limited (under AASB framework). In regards to foreign currency transactions, it has been observed that AASB 121 has been framed on the same lines of IAS 21. However, there are few presentation requirements in AASB 121 which have been set differently as compared to IAS 21 (AASB 121, 2015). Changes in IFRS Nestle prepares its consolidated financial statements under the IASB framework thus the changes in the international financial reporting standards would affect the financial statements of Nestle. There have been a series of changes in the IASB financial reporting standards over the past few years (EY, 2016). The major changes have been observed in the areas of accounting for financial instruments, lease accounting, revenues from contractors, consolidation of the financial statements and defined benefit plans of employees. The changes in all these accounting standard would affect the financial statements of Nestle in the coming periods. For example, now lease accounting would under the single model and all leases would be shown on the face of balance sheet rather showing under the balance sheet as foot note (EY, 2016). Nestle Delivers Benefits to People through Food Nestle aims at delivering the best food products to its customers. The company works under the strategy of identifying the differing needs of the customers and exploring new products and services to serve them in the better manner (Nestle, 2017). The company is inspired by healthier lives and it makes proactive efforts to educate the customers by disseminating nutrition knowledge. The company promises the use of quality material in making the health products. The company has huge research and development capabilities that enable it to invent healthier products for the customers. The company enjoys digital innovation as one of its major competitive advantages (Nestle, 2017). The strategic road map of Nestle depends upon the pillar depicted in the diagram given below: Figure 1: Strategic Road Map of Nestle (Nestle, 2017) The Basis of Strong Principles The board of directors of Nestle group is focused on achieving the sustainable growth that enables the group to survive in the long run. The board considers pertinent to strike out the balance between the needs of owners, lenders, society, and the environment. The impetus of the board is on enhancing and strengthening the corporate governance in the company. Further, the board seeks proper alignment between the values and strategies of the company and its business models. According to the governance policy of the company, the transparency in the financial reporting is of utmost importance. The company makes different committees to ensure that the financial reporting is kept transparent. The audit committee and nomination and remuneration committee works in these areas (Nestle, 2017). Adjusting journal entries on 30th June 2013 Particulars Debit Credit Supplies expense 2,400.00 Supplies 2,400.00 (Being supplies consumed) Interest expense 1,000.00 Accrued interest 1,000.00 (Being interest on note payable charged for 5 months) Prepaid insurance 600.00 Insurance expense 600.00 (Being insurance used for 4 months) Consulting revenue 1,100.00 Unearned consulting revenue 1,100.00 (Being unearned consulting revenues booked) Accounts receivables 2,000.00 Graphic revenue 2,000.00 (Being earned graphic revenues booked) Depreciation 1,500.00 Accumulated Depreciation 1,500.00 (Being depreciation expense booked) Unadjusted trial Adjustments Adjusted trial Debit Credit Debit Credit Debit Credit Cash 9,500.00 9,500.00 Accounts receivables 14,000.00 2,000.00 16,000.00 Equipment 45,000.00 45,000.00 Insurance prepaid 1,800.00 600.00 1,200.00 Salary expense 30,000.00 30,000.00 Supplies 3,700.00 2,400.00 1,300.00 Advertisement expense 1,900.00 1,900.00 Rent expense 1,500.00 1,500.00 Utilities expenses 1,700.00 1,700.00 Notes payable 20,000.00 20,000.00 Accounts payable 9,000.00 9,000.00 Jill Salzer, Capital 22,000.00 22,000.00 Graphic revenue 52,100.00 2,000.00 54,100.00 Consulting revenue 6,000.00 1,100.00 4,900.00 Supplies expense 2,400.00 2,400.00 Interest accrued on note (20000*12%*5/12) 1,000.00 1,000.00 Interest expense 1,000.00 1,000.00 Insurance expenses 600.00 600.00 Unearned consulting revenue 1,100.00 1,100.00 Accumulated Depreciation 1,500.00 1,500.00 Depreciation expense 1,500.00 1,500.00 Total 109,100.00 109,100.00 8,600.00 8,600.00 113,600.00 113,600.00 Income Statement for the Period ended on 30th June 2013 Particulars Debit Credit Revenues Graphic revenue 54,100.00 Consulting revenue 4,900.00 Total 59,000.00 Expenses Salary expense 30,000.00 Advertisement expense 1,900.00 Insurance expenses 600.00 Rent expense 1,500.00 Utilities expenses 1,700.00 Supplies expense 2,400.00 Interest expense 1,000.00 Depreciation expense 1,500.00 Profit 18,400.00 Statement of change in equity for the Period ended on 30th June 2013 Jill Salzer, Capital 22,000.00 Add: Profit for 6 months 18,400.00 Closing balance 40,400.00 Statement of financial position for the Period ended on 30th June 2013 Amount Amount Assets Current assets Cash 9,500.00 Accounts receivables 16,000.00 Insurance prepaid 1,200.00 Supplies 1,300.00 Non-Current assets Equipment 45,000.00 Accumulated depreciation (1,500.00) Total 71,500.00 Liabilities Current Liabilities Accounts payable 9,000.00 Interest accrued on note (20000*12%*5/12) 1,000.00 Unearned consulting revenue 1,100.00 Non-Current Liabilities Notes payable 20,000.00 Equity Jill Salzer, Capital 22,000.00 Profit for 6 months 18,400.00 Total 71,500.00 References Broadbent, M. Cullen, J. 2012. Managing Financial Resources. Routledge. Robinson, T.R., Henry, E., Pirie, W.L., Broihahn, M.A. 2015. International Financial Statement Analysis. John Wiley Sons. Pattiesfoods. 2015. Annual report of pattiesfoods 2015. Retrieved September 18, 2017, from https://pattiesfoods.com.au/system/investor_documents/files/000/000/193/original/Annual_Report_2015.pdf?1445312740 AASB 127. 2007. Consolidated and Separate Financial Statements. Retrieved September 18, 2017, from https://www.aasb.gov.au/admin/file/content105/c9/AASB127_07-04_COMPjul07_07-07.pdf AASB 121. 2015. The Effects of Changes in Foreign Exchange Rates. Retrieved September 18, 2017, from https://www.aasb.gov.au/admin/file/content105/c9/AASB121_08-15.pdf 2016. IFRS Update of Standards and Interpretations in Issue at 31 March 2016. Retrieved September 18, 2017, from https://www.ey.com/Publication/vwLUAssets/IFRS_Update_of_standards_and_interpretations_in_issue_at_31_March_2016/$File/IFRS%20Update-March2016.pdf Nestle. 2016. Annual report of Nestle 2016. Retrieved September 18, 2017, from https://www.nestle.com/asset-library/documents/library/documents/annual_reports/2016-annual-review-en.pdf Nestle. 2017. Strategy of Nestle. Retrieved September 18, 2017, from https://www.nestle.com/aboutus/strategy Nestle. 2017. Corporate Governance. Retrieved September 18, 2017, from https://www.nestle.com/investors/corporate-governance Lee, T.A. 2007. Financial Reporting and Corporate Governance. John Wiley Sons