The Characteristics Of The Army Profession - 864 Words

Trust is the foundational attribute that every professional Soldier should possess. Despite sustained military conflicts throughout the world over the past thirteen years, we have still been able to maintain firm belief in our reliability as an Army. When it comes to confidence from the public other organizations such as the police, the government, the media, and various other organizations do not have the same level of trust that the American people have in us. Trust is the most important of the five characteristics of the Army profession. Without trust we would lose the support of the American public, trust is the embodiment of our profession, and trust drives the four other characteristics of the Army profession. The Army exists for a solitary reason, which is to serve the Nation by defending the constitution of the United States of America. Our country places trust in the Army to defend our constitution against foreign and domestic enemies. It is our responsibility to prese rve this given responsibility at all cost. American Forces returned from direct involvement in Vietnam and great majorities of Soldiers at the time lost credibility for their role in the War. Public trust in the Army was at its lowest. The priority after the war was to repair the trust in the Army, which eventually led to the All-Volunteer force that we have today. This action reinvigorated the Army and during that 20 year span of time the Army established itself as countries most esteemedShow MoreRelatedCharacteristics Of The Army As A Profession1170 Words   |  5 Pages Five characteristics define the Army as a Profession. These characteristics are honorable service, stewardship of the profession, military expertise, esprit de corps, and trust. According to ADRP 1-0, as a military profession, our relationship with the American people is built on a foundation of trust continuously reinforced by the other four characteristics. Mission accomplishment, reputation, and sur vivability of the Army are all reliant on trust. Therefore, I believe that trust is theRead MoreThe Essential Characteristics Of The Army Profession1568 Words   |  7 Pageswould be the Five Essential Characteristics of the Army Profession addressed in ADRP 1. â€Å"The way ahead is clear- the Army will only be and perform as a military profession when five essential characteristics are present in its culture, in its profession and their units, and in its external relationships†, the United States Army Profession, June, 2013. These characteristics are military expertise, honorable service, trust, esprit de corps, and stewardship of the profession. An explanation of embracingRead MoreThe Army Profession1228 Words   |  5 PagesWebster’s dictionary defines the word profession as a type of job that requires special education, training, or skill. Many Soldiers would not consider the Army as a profession but a way of life. Some think the word profession belongs to everyday jobs like a plumber, mechanic, or doctor. Dr. Don M. Snider stated â€Å"the Army is a profession because of the expert work it produces, because the people in the Army develop themselves to be professionals, and because the Army certifies them as such† (Snider, DRead MoreThe Army As A Profession Of Arms1283 Words   |  6 PagesOver centuries, the Army established and continues to validate itself as a Profession of Arms. As a department of the US Military, the Army earns this title by providing the unique service of defending the Constitution and the American people. In order to be a Profession of Arms then, the Soldiers that fill the Army’s ranks must be professionals. These professionals are morally and legally bound by the Army ethics to constantly develop their occupation specialties and apply them â€Å"ethically, effectivelyRead MoreA Collective Understanding Of The Army Profession996 Words   |  4 Pagesunderstanding of the Army Profession by pro viding the Service members the guidelines and definitions of it and the Army Ethic. Fail to follow or even understand the concept of rules of behavior based on ideas about what is morally good and bad have been the reason of studies, due to the consequences this could bring upon the service. This publication defines the membership and affiliation of competent individuals in character and commitment, five essential characteristics legitimize the Army as a militaryRead MoreStewardship Of The Army Profession Essay1747 Words   |  7 PagesStewardship of the Army Profession is the last of the Five Essential Characteristics of the Army Profession, but in terms of importance, it is just as, if not more important than the other four. The United States Army’s ADRP-1, or Army Doctrinal Reference Publication 1, even defines stewardship as â€Å"the responsibility of Army professionals to ensure the profession maintains its five essential characteristics now and into the future† . Such importance is placed on this characteristic because StewardshipRead MoreAn Army White Paper, The Profession Of Arms900 Words   |  4 PagesAn Army White Paper, The Profession of Arms A Profession of Arms. It is a title that the United States Army currently holds. A Profession that is uniquely separates us based on the lethality of our weapons and operations. Many factors are involved that make what we do in the Army a Profession and not just a job or an occupation. To maintain this idea that what we do is a Profession takes understanding what a Profession is, a tenuous balance by leadership and the culture of the professionalsRead MoreProfession of Arms815 Words   |  4 PagesWhat does it mean to be a Profession? Professions produce uniquely expert work, not routine or repetitive work. Medicine, theology, law, and the military are ―social trustee forms of professions. 1 Effectiveness, rather than pure efficiency, is the key to the work of professionals—the sick want a cure, the sinner wants absolution, the accused want exoneration, and the defenseless seek security. Professionals require years of study and practice before they are capable of expert work. Society isRead MoreNew Uniform and Appearance Standards in Army Regulation 670-1895 Words   |  4 PagesIt is impossible to form a perspective on how Army uniform polices relates to Army professionalism without first accepting that Army professionalism itself is an arbitrary concept. On 31st March 2014, the United States Army published new uniform and appearance standards in Army Regulation 670-1 and immediately faced a mixture of vehement resentment and patriotic acceptance. The cause for the differing reactions is the fact that not everyone concerned—everyone being active and retired Soldiers asRead MoreArmy Boards, Adp 1, Review and Quiz807 Words   |  4 PagesDoctrine 2015, ADP 1: The Army Terms | Definitions | In what domains do U.S. forces dominate? | U.S. Forces dominate in space, air, maritime, land, and cyberspace domains | As a unique military profession, the army is built upon an ethos of trust. What are 4 other characteristics of our profession? | Additional Army characteristics include: 1. Military expertise 2. Honorable Service 3. Esprit de Corps 4. Stewardship | 3. What are the 11 primary missions of the U.S. armed forces?

Climate Change And Its Effects - 1095 Words

In just under fifty years, a topic that was once considered controversial, causing people to avoid discussions on it for reasons ranging from denial to discomfort, has evolved from those unpleasant debates to today’s friendly conversations. The topic is climate change, and the controversy surrounding it has been rooted in disagreement on what exactly causes it. Some say that climate change is a hoax and the changes are part of a natural cycle of the Earth’s climate system. Others are positive that it is the direct result of human activities and without immediate action, the planet will become inhospitable to human life. Then, there are those who are in-between, not sure which side to take, but are aware that something is happening to the global climate system. Just over a half-century ago, a large portion of the US population was somewhere in the middle, with about 25% at either end of the spectrum (Maibach et al., 2009). Today, climate change impacts are obvious causin g few to remain in denial. With only a small portion of the population denying the existence of climate change, policies that address mitigation and adaptation to climatic changes have become less controversial and more widely accepted. The change in tone of the climate debate can be partly attributed to a change in the perspective of the public. For example, the divided viewpoints described in the â€Å"Six Americas† (Maibach et al. 2009) have gradually meshed into compromise and understanding over the years.Show MoreRelatedThe Effects Of Climate Change On The Climate1091 Words   |  5 PagesClimate change means the fluctuation changes of the climate in a period of time, this period of time could means several decades or centenaries, the fluctuation could be regional or global. At present, what we talked most is the effect of the environment policy on the climate, in another words is the effect of human factor on the climate, especially the questions about the global warmi ng, and climate change is one of the greatest challenges facing the world, it’s extremely urgent, people wonder thatRead MoreClimate Change And Its Effects1533 Words   |  7 PagesClimate change is a concerning problem that is happening to our planet right now, due to human activity. We are damaging our planet through the burning of fossil fuels which are causing greenhouse gases. We use these fossil fuels every day in cars, planes and many other activities and the effects of this is the warming of the Earth’s surface and oceans – the surface temperature has increased 0.8 °C over the last hundred years. [1] Oceans range over 70% of Earth’s surface and have many important rolesRead MoreClimate Change And Its Effects861 Words   |  4 Pagesdebate, one undeniable fact is that climate change is occurring and affects every part of planet Earth. Some effects are actually positive, such as higher rates of photosynthesis in trees due to absorption of more a bundant CO2 and warmer temperatures. However, most of the negative effects of climate change outweigh or counteract positive growth. Negative effects of climate change are affecting the land, water, plants, and animal life on planet Earth. Climate change has provided both gifts and cursesRead MoreThe Effect On Climate Change1577 Words   |  7 Pagesauthority over addressing greenhouse gas emissions, while maintaining presence in the international community. Such emissions make up a substantial portion of impact on climate change; therefore, the UNFCCC targets areas that produce the most emissions. The ways in which the UNFCCC minimally, but not adequately, regulates climate change is through two agreements. The two treaties are the Kyoto Protocol the Paris Agreement (COP 21). In 2016, the Kyoto Protocol expires which the Paris Agreement replacesRead MoreClimate Warming And Its Effects On Climate Change Essay1713 Words   |  7 Pagesdue to emittance of anthropogenic carbon emissions. Scientists are uncertain of how much warming humanity can tolerate before experiencing the most destructive and dangerous effects of climate change, but most believe that two degrees Celsius is a good starting point to aim for. Thus, the stated goal of many international climate dialogs, such as the Paris Agreements, has been to stop the planet from warming an additional two degrees Celsius in order to mobilize the action need to get the whole worldRead MoreCause And Effect Of Climate Change Essay1220 Words   |  5 PagesCause and effects of Climate Change. General purpose: to inform. Specific purpose: After hearing my speech my audience will know what climate change is, what causes it and its effects now and in the future. Thesis Statement: Climate change is a very important issue that affects all of us. Organization pattern: Cause and effect. Introduction: I. (Attention-getter): How do you explain that 30 years ago we had a different weather than today? When you look at yourself in a dirty mirror; can you seeRead MoreCauses And Effects Of Climate Change1706 Words   |  7 PagesDiscuss the causes and effects of climate change. Present any solutions that are relevant to these issues. Probably the most anxious threat to our earth in these two decades is climate change. Climate change refers to any significant change in the measures of climate lasting for an extended period of time. In other saying, climate change includes major changes in temperature, precipitation, or wind patterns, among other effects, that occur over several decades or longer (Epa.gov, 2015). The rateRead MoreThe Effects Of Climate Change On The Earth1358 Words   |  6 PagesEurope. Climate change is classed as any alteration in global weather patterns over a period of time. However the climate change the earth is currently experiencing is far from anything ever experienced before and its 99% certain that it has been caused by human industrialisation. Like anything that affects the earth on a global scale it affects everything including microorganisms and therefore disease. Climate change is causing disease to spread and increase in severity. The main adverse effects causingRead MoreClimate C hange : The Greenhouse Effect1199 Words   |  5 PagesSince the beginning of the Earth’s existence, climate change has occurred. Temperatures, sea levels, quantities of gases in the atmosphere, and levels of precipitation have risen and fallen over a span of billions of years. However, over the last two centuries, climate change has been far too drastic to be caused by natural forces alone. Globally, the alterations in temperatures, sea levels, precipitation, melting of ice caps and glaciers, and violence of natural disasters are clearly caused by anotherRead MoreThe Effects Of Climate Change On The Environment1445 Words   |  6 Pagescooler climates all are impacts of increasing temperatures that are happening right now. Within the next century, sea levels will rise 7 - 23 inches, Storms will become much stronger, floods/droughts will become more common, and many, many other negative environmental changes (Cook). These changes in the environment have been the topic of de bate for decades, but has become more and more common over the past few years. On one side of the debate, there are the people who believe climate change

Future of Singapore Public Housing Loan Free Essays

Abstract The Singapore government together with the housing finance consider the public housing as one of the various achievements they have accomplished. Public housing accommodates more than 80% of the residents in Singapore. A majority of the residents, close to 90%, is designed as Housing Development flats (HDB). We will write a custom essay sample on Future of Singapore Public Housing Loan or any similar topic only for you Order Now In an effort to improve the current housing state in Singapore, the housing finance and the government has introduced various schemes and substitute schemes alike. The schemes have encouraged the resident into becoming homeowners in addition to ensuring that they did not default their mortgage payment. The Housing and Development Board (HDB) is responsible for the dealings and management of the public housing program in Singapore. The local town council oversees the daily management activities. They also ensure planning and development of the public housing in addition to selling and resale of the houses as well as offering financial mortgage. Introduction Singapore Public Housing finance loan borrowing has dropped four folds in the recent year. Owing to a myriad of factors, the number of loan applicants for the public housing allocation has significantly reduced as compared to the numbers associated with the previous application. The government estimates that the number may rise in next coming years if market curbs are softened, such as loan repayment schemes on interest rates and application. A future projection of the public housing finance loan interest indicates a downward trend in the near future owing to the stiff competition put in place by private property owners (Ong, 2010). It is imperative, therefore, to reduce the public housing loan rate in order to attract new property owners while increasing the resale of the previously owned property. Currently, the resale price of previously owned units on the public housing has dropped by 1.3%. The government has not taken any measures to ensure that this market situation is controlled, but is examining the matter in order to employ proper strategy to enable Singapore citizens to own homes. In case the current prices of property remain stagnant at 57%, it is estimated that the public housing loan rate will rise. The number of public housing owners is estimated to gradually increase in case the current rate does not drop in the near future (Ong, 2010). The Housing and Development Board (HDB) is responsible for the dealings and management of the public housing program in Singapore. The local town council oversees the daily management activities. They also ensure planning and development of the public housing in addition to selling and resale of the houses as well as offering financial mortgage. The paper discusses an examination of the privatization of HDB and reasons behind it, with projection to loan in the coming years and how one can become a public house owner in Singapore. Privatization of HDB Loan to Consumer Bank The main aim of the privatisation of Housing and Development Board mortgage loan to consumer banks in Singapore was to curb the price competition through inculcation thereby increasing the performance of the banking sector within the economy. The mortgage yield was not sufficient to meet the standards set by HDB, thus the privatisation of the HDB mortgage became imperative (Adams, 2014). Moreover, the private sector’s better performance and management of the economy was an added reason for the privatization as compared to the public sector’s ability in managing and performance. With the privation of the HDB loans to consumer banks, the annual interest rate returns have since increased and projections show that they will continue to increase in the coming year. This therefore eliminates the high rate hurdle previously presented by HDB through the elimination and minimization of the government regulation on the HDB housing projects. (Li, 2014). Financier of Mortgage loan: Interest rates Homebuyer with potential can choose to buy a home with either a HBO loan or Bank loan. The payment scheme chosen will determine the selection of the mortgage partner from which the mortgage loan will be received. Homeowners are able to apply for mortgage loans through HBO and Consumer banks. The above options for loan financier are in place in order to enable potential buyers to decide which best fits their financial capability. In addition, HDB plays the role of a financier to flat owners by giving mortgage loans. This has enabled Singapore residents to acquire public houses easily and faster with the help of HDB mortgage loan. From a financier’s point of view, a homebuyer applying for a mortgage loan is required to have met their credit assessment and this is assessed with their current system of standard mortgage application. For an eligible flat buyer to have access to a concessionary loan, they must have an HDB Eligibility Letter (HLE) confirming that they are capable of making repayments. This is important because it accesses one’s potential ability to pay back his loan with constraining their personal budget. Before anyone can purchase a flat, they must have a letter of eligibility of HDB. HBO concessionary loan interest is 2.6% which is only 0.1% higher than the Central Provident Fund (CPF). It seems important tor e-examine the interest rate of HBO quarterly in comparison to CPF interes t rate to ensure that it stays roughly the same level. This type of system design helps to provide an easier scheme for the mortgagor to service their loan payment, and ensure they constantly pay without defaults. This interest rate of the HBO loan has been in existence for over 15 years (Ong, 2010). Contrary to this, banks interest rate is currently 1%. The interest is dynamic and not constant because it is determined by a number of other factors which affects the operation of the bank such as its business strategy, the prevailing market situation and commercial decisions. It is determined jointly by all the financial institution in Singapore. This system make it unreliable because it is not constant, it keeps fluctuating based on the above mentioned factors. Even though HBO mortgage offer low amount of loans, HBO mortgage scheme remain the most suitable financier to mortgage loan. Unfortunately, and since the privatisation of HBO, all those who wish to finance their resale and acquisition of HBO public housing will have to apply loans to various banks licensed by the monetary fund to give mortgage loans to public housing acquisition and resale. Immigration There are benefits to being a citizen in Singapore. Singapore is one of the major cities in Asia in terms of wealth and culture. To buy and rent an HBD flat, one has to be 21 years or older and a citizen to Singapore. Another benefit that the citizens of Singapore are entitled to is obtain loans at concessionary interest rate with HBO to help them in obtaining the flats. In addition to this, they are also offers for citizens who obtain public houses for the first time such as subsidies, for instance grants offered by the government as a cushion to aid those buying public houses. Citizens also enjoy lower rates for houses repairs (Adams, 2014). Conclusion In conclusion, the number of public house owners in Singapore is bound to increase in the near future with increase in mortgage. The performance of HDB’s hurdle interest is expected to increase on an annual basis with the privatisation to consumer banks to aid in the mortgage loan financing. This has facilitated the process of solving the housing problem in Singapore owing to the fact that the government has provided a more reliable and efficient option to help people buy property. Although the current market is not promising, the government is working hard to curb the situation and enable more Singapore in the coming year to own public house. This will enable them to deal with the housing problems and concentrate in development of other sectors of the economy thereby increase their national income and dominate in the leading economy (Li, 2014). Bibliography Adams, J. (2014, October 10). Bleeding the banks. Retrieved October 31, 2014. Li Sen, S. (2014, October 3). Spike in bad home loans swells Singapore banks’ NPLs. Retrieved October 31, 2014. Ong, S. (2010). Housing affordability and upward mobility from public to private housing in Singapore. Singapore: S.E. Ong]. How to cite Future of Singapore Public Housing Loan, Essay examples

Prime Cost and Deminishing Cost Economics

Question: Describe about the Prime Cost and Deminishing Cost Economics. Answer: Solution 1(a): In Company A fixed amount is claimed every year on the basis of the following formula: Asset Cost (days held/365) (100%/ effective life of the asset) (Ato.gov.au, 2015) Assuming both Company A and B has an asset valuing $ 80,000 since its inception. Given, Asset life = 20 years. Depreciation: 1st year- $ 80,000 (365/365) (100%/20) = $ 4000 Value of the depreciable asset after 1st year =$80,000 - 4000 =$76,000 Therefore, the current value of the depreciable asset is $ 64,000. Double Declining Method is calculated with the following formula: Base value (days held/365) (200%/ effective life of the asset) Depreciation: 1st year- $80000 (365/365) (200%/20) = $ 8000 Value of the depreciable asset after 1st year = $80000-$8000 = $ 72,000 Therefore the current value of the depreciable asset is $52,488. Since, Straight Line depreciation charged by the Company A is same throughout the useful life of the asset, so it reflects a stable and a uniform decrement in the revenues and value of the asset in each of the accounting period of the useful life of the asset. Double-declining balance method adopted by Company B for depreciating its asset records greater amount of depreciation in the course of an assets life and considerably lower amount for the remaining later years of the asset (Ato.gov.au). Therefore, resulting in more reduction of assets and revenue in early years followed by, reduction in depreciation expense resulting to minimal impact on companys assets and revenues. However, higher cost relating to asset repairs and maintenance might impact the revenues of Company B. Solution 1(b): Straight Line Method also known as Prime Cost method is a method that presumes the value of depreciable asset declines uniformly over its useful life (Stunguriene and Christauskas, 2014). It is calculated on pro rata basis. The value of the asset includes the additional amount paid for installation, transport and to make it ready for use, besides actual cost of the asset. Double declining method as compared to Straight line method leads to the reduction of net income and operating earnings in the initial years of the life of an asset and increase in later years. Preference of any method of depreciation on the financial statement of the company hardly affects its cash flow, however, double declining method of depreciation for tax reporting reduces the taxable income and outstanding taxes thereby increasing the cash flow of the firm through tax reduction (Stunguriene and Christauskas, 2014). When straight line depreciation is used, an analyst utilizing balance sheet items can easily es timate the average of depreciable asset life and average age and assets relative age can be estimated. Viewing both the methods of depreciation, both have their own merits. Straight line method is simple and easy to use help in simplifying calculations. Decling method on the other hand, generally provides accuracy in accounting of an assest value. For instance, when we purchase a new electronic gadget such as, a smartphones or new computer for the employees, high reduction in value is experienced in their early life span than they do later (Mueller, 2016). Solution 2: Every business demands to finance for its growth, expansion and to take up new organizational strategies (accaglobal.com). Some of the sources that Kangaroo Company can undertake are: Trade Credit- It refers to a financial agreement between the company and its suppliers whereby the supplier agrees on providing materials or finished goods in up front with payment on a later date. Firstly, the company will avoid paying cash up front, thereby retaining cash in the short term for other capital requirements for the Kangaroo company has its ongoing expenses and investment decisions to take. With a little delay in payment on its purchases for a short period the company can accomplish its immediate cash need. Secondly, trade credits act as an immediate replenishment to avoid delay in business activity and performance. Thirdly, the suppliers too experience more business than otherwise. However, it has risks associated with it. Firstly, with purchase volume turning higher will produce interest fee. Secondly, if the company is not cautious enough in utilizing the trade credit, then it might end up paying a quite higher cost for the inventory. Bank loans- The company can also opt for bank loans for its inventory or equipment purchase and its business expansion loans are thought to be a reliable source of financing. Firstly, the loan would be provided on basis of the value of business and the ability perceived to service the loan through timely payments. Secondly, the interest paid on the business, bank loan is tax deductible. Especially when loans are fixed rated, where loan servicing payments are same throughout loan life. This makes budgeting and planning conducive for the company (Mallick and Yang, 2011). However, it has few drawbacks. Firstly the biggest risk to bank loan is that the banks are stringent to pay loans to company having capability to repay. Advancing of loans require providing a personal guarantee, which means personal asset of the marsupials too can be seized. Secondly, interest rates might be considerably high. The high rate of interest for funding might stunt the expansion. The company having 60% of it s noncurrent notes can provide security for an availing bank loan. Equity funding- The company, can even opt for equity investments. It refers to accepting money from a private group or investor for an exchange of partial ownership. This prevents taking of debt after that repaying the investment. This will provide the investors with a certain extent of control in the company. It will demand to keep the investors happy even after majority interest rest with marsupials (Igartua and Albors, 2011). Solution 3: Management accountants are expected to function ethically. The Institute of Management Accountant has particularized four standards for managerial accountants relating to ethical conduct (Davidson and Stevens, 2013). They are confidentiality, integrity, competence, and credibility. Business owners require all details while reviewing their business operations and decisions were taken. Underlining are influences of ethical behavior of the company with the following: Customer- possessing a trustworthy customer base is one of the key elements to aspire long range business gain because providing for an existent customer does not include any marketing cost, as it does in the case of providing for new one. A companys credibility for ethical behavior can assist in the creation of more positive appearance in the marketplace, which may help to attract new customers by word of mouth referrals. Unethical dealings adversely affect the chances of gaining new customers specially when dissatisfied customers via social networking will disseminate information quickly, relating to their negative experience. Employees- proficient individuals working at all levels of the company aspire to be compensated for their work and commitment. They urge career advancement in the organization appertaining to their work quality and not on biases. Employees seek to be part of that company whose management team discloses about the working in the organization (Boshoff and Van Zyl, 2011). Suppliers- Suppliers signify a crucial part of business and sustenance of cordial relationship is a mode to success. It should be ensured not to purchase produced by companies who are held guilty of child labor exploitation, providing wage in inferior working conditions. Complying with suppliers and customers audit requirement and formal quest promotes a healthier relationship between the company and its suppliers. Solution 4: Analysis of financial statement helps in determining company stability and health. However, a financial statement has its pros and cons in the determination of stability and growth of a supplier. 1. the balance sheet discloses liquidity ratios that reflect the monetary worth of the supplier, which helps in determining the financial stability. 2. financial conditions reflected in the balance sheet are a depiction of assets and liabilities of the company. Use of income statement helps in evaluation of past income performance and assessment of future cash flow uncertainty. 3. the cash flow statement reflects cash exchange between outsiders and the company during a period, therefore assisting the investors to know whether the company has adequate cash to pay of its expenditures and purchase of assets (MacKerron et al., 2014). Limitations of Financial Statements are, 1. Financial statements are provided after completion of specified period. 2. The disclosed information of facts that is historic which might not be adequate from the view point of decision making. 3. During the preparation of Balance Sheet, all the assets and liabilities are reflected at historical prices as they are formulated on the principle of going concern which might influence profitability statement along with incorrect provision for depreciation. 4. Only monetary transactions are taken record of. 5. Financial Statement formulated is considered to be useful to normal users in normal conditions only (Magiera, 2010). A companys financial statement comprises of the Balance Sheet, Income Statement, Return on Earning and statement of cash flow. The liabilities in the balance sheet highlight companys debts and obligations. Accounts payable crops from the acquisition of goods and services from suppliers on credit without a note or financial written contract. Secondly, ascertain total cost incurred in dealing includes material cost, method of communication and requirement of inventory (Holmes, Marriott, and Randal, 2012). The balance sheet, cash flow, and income statement are all interrelated. The income statement explains about the utilization of assets and liabilities in a stipulated accounting period. In context to overall growth, the net income is the basic place to initiate analyzing the financial statement of the company. Operating profit margin also reflects about the sufficiency and profitability of the company. It helps in comparing the amount generated from sales before deduction of interest and taxes (Kim, 2015). The margin provides potential investors and analysts with an understanding of the success of the company and role of managers in the generation of profitable revenue. References Ato.gov.au. (2015).Prime cost (straight line) and diminishing value methods | Australian Taxation Office. [online] Available at: https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/General-depreciation-rules---capital-allowances/Prime-cost-(straight-line)-and-diminishing-value-methods/ [Accessed 8 Sep. 2016]. Boshoff, E. and Van Zyl, E. (2011). The relationship between locus of control and ethical behaviour among employees in the financial sector.Koers, 76(2). Davidson, B. and Stevens, D. (2013). Can a Code of Ethics Improve Manager Behavior and Investor Confidence? An Experimental Study.The Accounting Review, 88(1), pp.51-74. Holmes, K., Marriott, L. and Randal, J. (2012). Ethics and experiments in accounting.Pacific Accounting Review, 24(1), pp.80-100. https://www.accaglobal.com, A. (2015).Medium-sized businesses | The right finance for your business | Business Finance | ACCA | ACCA Global. [online] Accaglobal.com. Available at: https://www.accaglobal.com/in/en/business-finance/right-finance/medium-sized.html [Accessed 9 Sep. 2016]. Igartua, J. and Albors, J. (2011). The implementation process of innovation management in a medium-sized company.Projects / Proyctica / Projectique, 7(1), p.105. Kim, S. (2015). COST-VOLUME-PROFIT ANALYSIS FOR A MULTI-PRODUCT COMPANY: MICRO APPROACH.ijafr, 5(1). MacKerron, G., Kumar, M., Benedikt, A. and Kumar, V. (2014). Performance management of suppliers in the outsourcing project: case analysis from the financial services industry.Production Planning Control, 26(2), pp.150-165. Magiera, F. (2010). Financial Statement Analysis.CFA Digest, 40(1), pp.85-86. Mallick, S. and Yang, Y. (2011). Sources of Financing, Profitability, and Productivity: First Evidence from Matched Firms.Financial Markets, Institutions Instruments, 20(5), pp.221-252. Mueller, J. (2016).Depreciation: Straight-Line Vs. Double-Declining Methods. [online] Investopedia. Available at: https://www.investopedia.com/articles/06/depreciation.asp [Accessed 9 Sep. 2016]. Stunguriene, S. and Christauskas, C. (2014). Benefits of Applying Different Depreciation Methods of Long-term Tangible Assets in a Company.Socscie, 82(4).