Emotional Rollercoaster Free Essays

In the story, The Jacket by Gary Soto is about a kid who needs a coat however past coat have fizzled. He mentions to his mother what child of coat he needs and it’s a pleasant portrayal of cowhide. In spite of the fact that he imagines that she comprehended, on the grounds that he conversed with her the entire time while she prep for supper. We will compose a custom exposition test on Enthusiastic Rollercoaster or then again any comparative subject just for you Request Now He returns home to perceive what coat he got and finds an old guacamole coat, which makes him toss his books on his bed. Since it’s not the coat he needed, he thought of crying since it is so terrible and enormous. By and by a disclosure of dissatisfaction since he try’s on the coat and makes him look monstrous, so he tossed it on his siblings bed and gazed it down for quite a while. After that he chooses to play with the pooch, swing his arm whistling like a fowl, and the canine chomps him. Damn canine I thought to check whether I was dying, and drove him away when he attempted to nibble me once more. At that point he wore the coat to the 6th grade, and got a D on his math test, which shows he didn’t concentrate for up and coming test. He starts to no longer get his work done, began getting C’s on tests, overlooking state capitals, and the waterways of South America. This shows the is extremely cognizant and exceptionally anxious on account of the coat. From that point forward, all during that opportunity no adoration came to me†¦ I remained with the revolting young men who inclined toward the steel fence, it shows that he allowing the coat to jacket and isn't out going. Next, I fault the jacket†¦ I reprimand my mother for her terrible taste, and her modest ways. He is consistently the first to accuse others and appears he doesn’t need to assume liability. At that point, prepared to cry, I climb the tree by the back street, the tree must be a sheltered spot or potentially a solace spot to escape from things. At long last, I gazed up the alley†¦ that green appalling sibling, who inhale behind me that day and from that point forward. He more likely than not construed the green sibling as the coat he at last acknowledged. Taking everything into account, the story shows what numerous individuals experience every day with things they don’t need, don’t have a solace spot to go, and exercises learned in The Jacket by Gary Soto. Instructions to refer to Emotional Rollercoaster, Papers

The Offense Principle :: essays research papers

The Offense Principle guarantees that singular freedom is legitimately constrained to forestall hostile conduct. I accept that the Offense Principle gives the right freedom limit n rules that the state ought to conjure. The state ought to forestall conduct that causes disgrace, shame and distress from obscene material and cts.There are three conditions that are ordinarily comprehended to be a piece of the Offense Principle. The main condition expresses that conduct must be fundamentally hostile. An individual burping in broad daylight isn't sufficiently hostile to be constrained under this condition. In any case, a man peeing as he strolls down the road is essentially hostile and ought to be limited.The second condition expresses that the conduct must be hostile to nearly everybody. This is a significant condition since I feel that if just a couple of individuals discover something hostile, doesn't comprise the demonstration to be constrained. Numerous individuals may accept that somebody picking his nose in broad daylight is hostile however not nearly everybody accepts this demonstration to be hostile, along these lines, this demonstration couldn't be restricted. A man jerking off out in the open is hostile to nearly everybody, along these lines, this demonstration ought to be limited.The last condition expresses that a hostile demonstration ought to be restricted on the off chance that you need to make a special effort to maintain a strategic distance from the demonstration. A "adult" book shop containing obscene material ought not be constrained in light of the fact that one doesn't need to make a special effort to dodge the store. They essentially simply don't go into the store. Be that as it may, a man and lady having intercourse on a seat ought to be constrained in light of the fact that one would need to limit from glancing in specific areas to abstain from seeing the hostile act.I accept that sex entertainment in broad daylight ought to be restricted. This incorporates stores that sell explicit material. Rather, these magazines and other obscene materials ought to be kept independently in a hidden room, where you should be a grown-up to enter and buy materials. Explicit material that is kept secretly either to be sold or to be seen or utilized in the protection of one's home, ought not be restricted. I see definitely no motivation behind why an individual ought not be permitted to see explicit material in the protection of their own home.Some individuals may contend with me and state that the Harm Principle ought to be conjured by the administration. They may state that sex entertainment improves the probability of mischief. What's more, I to some degree concur. I am certain that some damage has happened due to sex entertainment.

Starwood Case Study Free Essays

Since India has a developing cordiality advertise they don’t have the same number of assets accessible which presents numerous issues for contestants into the market. Starwood plans to bring the high up brand into the undiscovered Indian cordiality advertise which makes a colossal question mark with respect to whether there is a market in India for the economy brands. The talented work showcase is thin in India, making it hard to enlist the correct kind of administration situated representatives. We will compose a custom paper test on Starwood Case Study or on the other hand any comparable point just for you Request Now The social contrasts will likewise end up being a test for Aloft. High up is a brand that isn’t notable all through the global market not to mention the residential markets in the United States and Canada. Numerous individuals heading out to India who are voyaging universally will be searching for brands that are recognizable which may represent a danger to the achievement of the Aloft brand in India. Situational Analysis Qualities India offers enormous interest for any inn organization hoping to manufacture rooms. The household showcase is developing exponentially and the legislature is answering by fixing streets to make travel simpler (Simona Terron). Shortcomings Seeing gifted work has appeared as troublesome in India and the change in accordance with more westernized organizations will end up being a test for local people. The framework in India is still entirely awful despite the fact that the legislature is attempting to fix the streets. Household explorers are utilized to the streets however remote voyagers will think that its exceptionally hard to explore through the urban communities. India’s social agitation will be an obstacle that must be defeated so as to balance out the economy all in all. On the off chance that the administration isn’t solid, outside explorers will avoid India. Openings The open sky arrangement made in 2008 opened up head out from India to the UK. The sky travel industry has grown 25 %, making an enormous open door for the administration business in India (The Financial Express). Dangers While India is developing, there are numerous different organizations that need to ride the wave. As per the case Accor has plans to add in excess of 5,000 rooms to their portfolio in India. There are additionally numerous Indian inn marks that intend to extend. Options (See Appendix) Alternative 1: Creating preparing classes that local people can go to will help Starwood make a work pool that is progressively appealing Alternative 2: Implementing strategies that grasp social contrasts will help guarantee the achievement of the Aloft brand in India Alternative 3: Introduce the Four Points by Sheraton brand rather than Aloft as this is a brand that is as of now perceived universally. Elective 4: Instead of presenting the Aloft brand, Starwood should execute an administration plan of action in India. Investigation of Alternatives (See Appendix) Alternative 1: No hazard included, 100% rate of return. Starwood will increase an upper hand as they will have a superior pool of candidates to browse. Elective 2: No hazard included, 100% quantifiable profit. The Aloft inns much actualize approaches to defeat the social boundaries they face in India. Elective 3: Moderate hazard included, 100% degree of profitability as the hazard is satisfied with a gigantic need for economy lodgings in India. Elective 4: Moderate hazard included, 100% degree of profitability as this plan of action has worked in comparative markets. Proposals Starwood has an enormous chance to infiltrate the Indian lodging business sector and they are not doing as such in the correct manner. Bringing the Aloft brand into India might be effective for some time just on the premise that there is an immense interest for rooms yet this bit of leeway isn't feasible. Again lodgings enter the market; Aloft will be pushed to the side as it just doesn’t fit in the Indian market. Starwood ought to present the Four Points by Sheraton brand as it is an all the more universally perceived brand. Since the administration plan of action has worked for Intercontinental Hotels in the Asian market, Starwood ought to do likewise in the Indian market. Regardless of whether Aloft is the brand that Starwood decides to present in the Indian market they should prepare potential representatives. Starwood needs to offer preparing classes for local people to go to so as to prepare them for administration desires. Starwood will likewise need to discov er approaches to beat social obstructions in India. Usage Actualizing the preparation courses and the social grasping approaches in the inns will require HR. These options will just take half a month to execute and a modest quantity of subsidizing for motivating forces. Presenting Four Points by Sheraton and taking a gander at the administration plan of action will require a lot of capital that, as per the case is now accessible. The usage of these two option should be possible similarly Starwood would bring the Aloft brand into the Indian market. Instructions to refer to Starwood Case Study, Free Case study tests

The Benefits of Shift on Work Roles for Men and Women Essay Samples

The Benefits of Shift on Work Roles for Men and Women Essay Samples Specify a rational schedule based on where you are beginning from and you're going to start to find improvements in quick purchase. Starting over was painful but a lot of the time it was really well worth it. Culture shift is a succession of steps, little and big, often organic, all building momentum that could lead to permanent shift. It requires a whole mental shift for the majority of people. The War Against Shift on Work Roles for Men and Women Essay Samples Therefore, women did not have a lot of option at that time since they were not able to find work outside. In the modern society many men make way more income than a women though they could be doing precisely the same work. By way of example, both women and men might want to hike to the peak of a mountain, but men wish to get to the peak in record time while women don't care how much time it takes, placing more importance on enjoying the sights on th e way. Another Option although some men who feel powerless will live a life which is similar to the one above, there'll be others who will wind up choosing another alternative. Boys on the flip side, are often motivated by tangible experiences that are related to real life. Ladies have a tendency to check at their existing heights of debt while men have a tendency to look to the future and are more inclined to plan ahead in regards to their finances. Women and men have co-existed since the start of their creation. Men and women both are in a position to get this done. How women and men differ at work. Breadwinning moms are moms working full-time and are the complete opposite of the conventional housewife. It isn't an unknown secret that lots of women are paid considerably less than men for doing the identical kind of work. Generally, these women only embodied the feminine features of womanhood and weren't portrayed as intelligent or respected folks. Furthermore, women aren't fearful of asking a person's opinion and allowing all workers to donate to the shared targets, while men see this behavior as the indication of weakness. It's apparent that men were independent and superior when compared with women. How women and men communicate differently on the job. Both women and men can be effective in network advertising. They still see it that males are those which should run the company. As a consequence, crucial couples share the chores to decrease the burden. There have been a lot of examples of the proper means to boost a male and female and the gender roles to practice. What You Need to Do About Shift on Work Roles for Men and Women Essay Samples Beginning in the Next Eight Minutes Technology today is amazing. It's possible to give thanks for what inspires you to be the best that you can be. It is insufficient to only require the remarkable generosity of those people who have volunteered their time. Stop gaming and begin reading. All you have to do is have a look around you. Each partner receives an opportunity to bond with the kid. In doing this, it is going to enable the guy to regulate these inner feelings and emotions. They're not just in your head. Social roles supply an instance of social influence in general and conformity specifically. Competitiveness is going to be on a wo rldwide basis wherein knowledge and techniques of the workforce posed great challenge since it will be the key competitive weapon for the 21st century. Zimbardo's Stanford Prison Experiment illustrates the ability of social roles in connection with conformity. Generally speaking, social science research, a scientific research, applies similar research methodologies the exact same as different varieties of research like marketing research that's inherent with both quantitative strategy and qualitative strategy, clinical research that's emphasized on specific areas like pharmaceutical, chemical, health care research, and so forth. The Definitive Strategy for Shift on Work Roles for Men and Women Essay Samples To make certain that equity work is centered institution-wide, representation from many departments is important. While there are numerous theories on how best to divide the personality groups, the most important thing is practically always four unique groups. If you searc h for reliable academic writing solutions, set the order on essayforever.com. Such expectations can fluctuate from group to group. Additionally, rise in the range of children is related to a decrease in males' participation, in household chores. Through the mother responding to the child this way, the Child gradually forms a feeling of empowerment and wholesome control. There are an infinite number of fatherless children. The stigma connected with the disease was strong patients have locked away and weren't treated. Discrimination is normally witnessed within the key care facilities, and shortage of adequate knowledge by practitioners affects patient's treatment approach. Pain tolerance usually means the time a continuous pain stimulus is tolerated. But that is simply one in so many methods about how to deal with stress. The Demise of Shift on Work Roles for Men and Women Essay Samples Their urge to look ripped, powerful and desirable for a possible mate may get problematic. There are two or three big troubles with this. Notice how your power and mood shift since you do so. A societal problem, is additionally a corporate issue.

Argument Analysis of Brain, Interrupted, by Bob Sullivan...

Technology has evolved from simple inventions like the wheel to smart, intricate mobile devices that share the world’s information within the blink of an eye. Tweets, emails, status updates, text messages, and many other news-based actions seem to become quite a distraction and many people are too involved in the latest gossip to even recognize it. In the article, â€Å"Brain, Interrupted,† Bob Sullivan and Hugh Thompson effectively discuss the consequences that interruptions and multitasking can have on the Brain, however, they stray from the main subject they begin with: TECHNOLOGY affecting the brain. On May 3, 2013, The New York Times had posted an article discussing the poor effects that can happen to the brain if you are multitasking and†¦show more content†¦Throughout the article, it includes several studies done about multitasking and â€Å"constant context switching† or â€Å"rapid toggling† (Sullivan and Thompson) with the brain. The authors also do a satisfactory job at backing up their claims by composing a new investigation that goes even farther in depth than the previous studies conducted. Also, a majority of middle to upper class Americans (especially businessmen) reading this article would be interested in it because they would most likely want to maximize their efficiency and success in whatever task is at hand. Yet, if one were to read this article again, they would realize that the research Sullivan and Thompson dive into, more or less, avoids what they were discussing in the first place: Technology. But not technology in general, they seem be targeting social networks specifically when it comes to causing distractions. The structure of the article is somewhat organized and concise, but fails to convey the main message because they go into distractions and interruptions more so than social networks ran by technology causing distractions. In the research conducted, they could have added another group with a laptop that had access to social media as well so they could compare it to a text message or the control group with nothing. Also, no one knows the amount of questions on the tests given nor do people even know if it was a timed test because it does not specify. There only can be assumptions made. Ten questions

Comparing and Contrasting Ulysses S. Grant and Robert E....

No matter how much something can differ some characteristics are shared. As strange as it sounds it’s very true, both Grant and Lee are two different yet similar people. As these two fights for what they believe in, though their beliefs are different they share some qualities. Ulysses S. Grant wanted the nation to expand and look forward towards the future. Robert E. Lee thought that an old aristocratic way of life was the better choice and that it can survive and dominant in American life. Ulysses S. Grant was a man who grew up the hard way. He was the son of a tanner on the Western frontier. He was a man that looked mainly towards the future and could careless about the past. Grant view everything as one, he wanted to†¦show more content†¦Robert E. Lee was a man of family, culture and tradition. Lee was a man who believed in the old English ways in chivalry. The Southern states fought for the same ideals that Lee stood for. Lee believed that this way of life made men to be of a higher class. He was convinced that these old values can build a better nation. Catton express the Confederacy loyalty to these values by saying: â€Å"For four years, the southern states had fought a separate war to up held the ideals for which Lee; as if he himself was the Confederacy†¦ the best thing that the way of life for which the Confederacy stood could have ever had to offer† (410). Grant and Lee are completely different when it comes to their views on what the American life style should be. Grants goals and standard are high, as the author says here in this statement: â€Å"Grant was the modern man emerging; beyond him, ready to come on the stage, was the great age of steel and machinery, of crowded cities and a restless burgeoning vitality† (411). I think that these values of a much larger and brighter future is a better choice. Thinking ahead rather than staying with the old ways is by far the greatest selection for the nation. Though Lee was a man of great class and noble causes he was forced to surrender to Grant. I suppose that the statement â€Å"out with the old and in with the new† is a true one. It would seem that Catton would agree with me when he said: â€Å"Lee might have ridden down

Deferred Tax Assets and Liabilities †Free Samples to Students

Qustion: Discuss about the Deferred Tax Assets and Liabilities. Answer: Introduction: The title of the report is AASB 112 and analysis of financial statements. As the title suggests the main aim of the report is to understand the concept of the deferred tax assets and deferred tax liabilities. The purpose is to analyze the extent to which the disclosure relating to the Australian accounting standard has prescribed and second purpose is to analyze how the users of the financial statements finds the information relating to taxes as helpful and useful. After that the financial statements of Woolworths Limited and Common Wealth Bank has been analyzed for the year ending 2015 and 2016. The standard has been criticized majorly on the premise that it has not followed the uniform application of the accounting policies and procedures relating to the asset or liability. The critical evaluation has been done in respect of the recognition and the measurement of the respective asset or the liability. Before evaluating the aspect of the standards, it is vital to understand the aim of the formation of standard. The main aim of this standard is to provide the means of accounting treatment as to how the same shall be done for taxes. The tax in the accounting standard has not only defined the current tax but has also provided for the tax aspect that can be generated in the future or can have impact on the future (Ayers, 2008). In the beginning of the standard it has been made clear that this accounting standard provides for the consequences on tax both for current and upcoming of the: Offsetting of carrying amount that the assets or the liabilities will have respectively in the future which are further shown in the annual report of the company showing the financial health and Other transactions relating to the current reporting year and that is stated in the annual report of the company (Deloitte, 2016). The concept of deferred tax asset and deferred tax liability has been originated majorly from the difference between the accounting income and taxable income. The accounting profit is originated from the booking of the events of the company in the accounting books as per the accounting standards of the company and the taxable profit is the profit which is basically calculated for the purpose of calculating as to how much tax will be paid by the company for the current year. It is calculated as per the provisions of the Income Tax laws of the country in which the company is operating its functions and not as per the rules of accounting or the principles of the respective accounting standards (Petree, 2005). In accordance with the Statement of Accounting concepts number 109 on accounting for income tax read with accounting standard, it is to compare the carrying amount of the asset or liability with the tax base of the respective asset or the respective liability. Tax base is the amoun t which is directly related to the respective asset or the respective liability for the income tax purposes. In case any difference arises then either the asset or the liability is created and is recognized in the financial statements of the company. The creation of the deferred tax asset or the deferred tax liability has been criticized greatly because of the major reason that the said creation does not connects in any manner with the conceptual framework of presentation of the financial statements and also with the statement of financial concepts. These two major criticisms are: Definition of the Asset The accounting standard along with the statement of accounting concepts have detailed that the asset shall be recognized in the books of accounts only it is identifiable, measurable and most importantly is able to generate the economic benefits for the company in future. It means the asset shall be embodied with the future economic benefits. But in the case of the deferred tax asset, the company has no claim to receive from someone and it will be reversed only if the company will have sufficient income and the tax thereon can be adjusted from the deferred tax asset so created (Mackintosh, 2006). Definition of Liability The liability is defined as the amount which is created as the result of the event of the past and which will be settled in the future which entails the outflow of the resources of the entity. Deferred tax liability does not carry any outflow of the resources in cash or bank. Although it has been critically analyzed by the users but it is necessary to account for the effect that has been arisen from the temporary differences. Thus, the deferred tax asset or liability so created is against the conceptual framework of accounting for reporting purpose and the statement of accounting concepts and in some manner adds confusion to the users while taking the decisions on the financial statements of the company. In actual, the current accounting treatment and disclosures hinders users. AASB 112 is the Australian accounting standard issued by the Australian accounting standard board on income taxes. It has been issued on the 15th of July of two thousand and four and has been made applicable for the reporting periods starting from first of January two thousand and five only. The standard has prescribed the accounting treatment of the differences generated in reconciling the accounting profit and the taxable profit and thus provides the guidelines as to how the same shall be recognized in the financial statements of the company as the deferred tax liability, deferred tax asset, deferred tax expense and the deferred tax income (Schipper, 2003). Whenever any type of differences has been identified between the accounting profit and the taxable profit then the corresponding deferred tax asset or the deferred tax liability is accounted for in the books of accounts of the company. The differences so observed are regarded as the temporary differences and are liable for getting reversed in the future. These temporary differences are generally grouped under the two heads one difference is that which is known as the taxable difference and the other one is known as the deductible difference. In the first case of the difference, deferred tax liability is created as the taxable difference will increase the liability of the company to pay the tax in the future periods and in the second case of the difference, deferred tax asset is created as the deductible difference and will result in the decrease of the tax which will be paid in the future periods to come (Schrand, 2003). The accounting treatment of these two differences is first don e in the form of journal entry after doing the calculations. In the first case deferred tax expense account is debited and the deferred tax liability account is credited. In the second case the deferred tax asset account is debited and the deferred tax expense account is credited. After making the accounting entry the presentation of the same is done in the financial statements of the company. The deferred tax expense either credited or debited is shown in the statement of the profit and loss after the Current Tax Expense and the deferred tax liability or the deferred tax asset so created is disclosed in the Statement of affairs on the liability and asset side respectively. The paragraph number 79 to 81 of the accounting standard number 112 has prescribed the disclosure requirements and given the exhaustive list of the requirements (AASB, 2015). Few of them have been mentioned below which are also relevant for the users of the financial statements: A detailed explanation of the connection between the deferred tax asset or liability is required to be given A detailed explanation of the changes in the rates applicable to the company for the current financial year The amount of the temporary differences which has been identified while reconciling the accounting profit and the taxable profit of the company (Skinner, 2008) In reference to each of the temporary differences so identified, quantify the amount of the deferred tax assets and the deferred tax liabilities which has been arrived by multiplying the effective tax rate to the temporary differences The aforementioned four disclosures gives the users of the financial statements as the insights as to how the company is operating its functions and how the company has been able to reconcile the accounting profit and the taxable profit and accordingly how the company has complied with the provisions of the accounting standards of the company. But the users will not be able to understand the actual tax expense of the current financial year in much better manner. It is because all the companies whether it is manufacturing or service provider will find the effective rate on its own and as per the Tax Transparency code of Australia, lower the effective tax rate higher will be the chances of getting an scrutiny before Australian Taxation office (Pozen, 2007). Thus, in this manner, the accounting treatment and the disclosure will not assist the users. Common Wealth Bank - The note number four of the annual report of the company has provided the detail of Income Taxes. At first for the consecutive period of last three years, the current tax expense has been calculated and accordingly applicable tax percentage is calculated and identified. Woolworths Limited - The note number fourteen of the annual report of the company has provided detail of the Income Taxes. The income tax expense has been detailed with the comparative amount for the reporting year ending 2016 and 2015. In both the cases, the temporary differences has been detailed like provision for employee benefits, lease financing, intangible assets, the investments made in associates, subsidiaries, joint ventures and others (Company Official Website, 2016). The figures of DTA and DTLs along with the disclosures in the notes to the annual report of the company give the users detail of items which are reversible in future and may either set off the tax liability in future or will generate the future tax liability. The differences helps the users of the financial statements to have knowledge of the movements of various items including the tax effect on dividends paid to the shareholders of the company. Ratio Analys WOOLWORTHS LIMITED - RATIO ANALYSIS COMMON WEALTH BANK - RATIO ANALYSIS S. No. Particulars 2016 2015 S. No. Particulars 2016 2015 1 Without Deferred Tax 1 Without Deferred Tax a) Net Profit before Tax 1359 3296 a) Net Profit before Tax 12854 12612 Income 58275 59001 Income 44379 45327 NP Ratio 2.33 5.59 NP Ratio 28.96 27.82 b) Turnover 58275 59001 b) Turnover 44379 45327 Total Assets 22392 24581 Total Assets 933078 873446 Total Assets Turnover 2.60 2.40 Total Assets Turnover 0.048 0.052 2 With Deferred Tax 2 With Deferred Tax a) PAT 840 2300 a) PAT 9247 9084 Income 58275 59001 Income 44379 45327 NP Ratio 1.44 3.90 NP Ratio 20.84 20.04 b) Turnover 58275 59001 b) Turnover 44379 45327 Total Assets 23502 24336 Total Assets 932733 872991 Total Assets Turnover 2.48 2.42 Total Assets Turnover 0.048 0.052 The above table has been made to understand as to how far the value of the deferred assets and the deferred expense are valuable for users of the financial statements while taking the decision. In the case of the Woolworths Limited, the net profit ratio of the company for both the financial years has been reduced considerably which indicates that the amount of the deferred tax expense plays the very important role in declaring the earning generated per share of the company. It is calculated by proportioning the net profit available for the shareholders of the company by the number of the stock outstanding at the end of the financial year. As the Earning per share disclosed is decreased figure and hence the users of the financial statements is required to consider the effect of the deferred tax expense (Phillips, 2004). In the case of Common Wealth Bank, if rather checking the net profit ratio, the total assets turnover is analyzed, it is observed that the company has been able to utilize the assets of the company in the same manner as the company has made in the earlier years and there are no such differences. In this manner, the deferred tax assets and liabilities does not have much relevance in analyzing the financial positions of the company like in the ratios as Net worth of the company, net assets of the company. Therefore, the relevance is very less for the users it is because the figure is very immaterial to affect the decision of the stakeholders of the company. Conclusion Each and every company shall follow the correct accounting treatment and the correct financial disclosures which are mentioned in the relevant accounting standards as prescribed by the accounting standard board and other standard setting bodies, statement of accounting concepts and conceptual framework of accounting and reporting. In the report, the Australian accounting standard 112 on income taxes has been deeply analyzed with an understanding as to how the accounting treatment is done for the transactions of the company relating to deferred tax asset or the deferred tax liability. Also the disclosure requirements have been identified and analysed and then the accounting standard has been critically evaluated as to how the deferred tax asset or liability have helped the users of the financial statements of the company in understanding the financial position and the financial performance of the company and whether it has been found useful. For the purpose of the report, the financia l statements of two companies have been analysed for the year 2015 and 2016. These two companies are Woolworths Limited and Common wealth Bank. In order to conclude the report, the accounting and disclosure of the taxes shall be done in accordance with provisions of the accounting standards. References AASB, (2015), Income Taxes, available at https://www.aasb.gov.au/admin/file/content105/c9/AASB112_08-15.pdf accessed on 15-10-2017 Ayers, B.C, (2008), Deferred tax accounting under SFAS No. 109: An empirical investigation of its incremental value-relevance relative to APB No. 11Accounting Review, pp.195-212 Company Official Website, (2016), Annual Report, available at https://www.commbank.com.au accessed on 15-10-2017 Company Official Website, (2016), Annual Report, available at https://www.woolworthsgroup.com.au accessed on 15-10-2017 Deloitte,(2016), IASB 16, available at https://www.iasplus.com/en/meeting-notes/iasb/2016/may/income-taxes accessed on 15-10-2017 Mackintosh, N.B. (2006). Accounting-truth, lies, or "bullshit"? A philosophical investigation: Commentary, the FASB and accounting for economic reality Accounting and the Public Interest 6 Petree, T.R., (2005), Evaluating deferred tax assets.Journal of Accountancy,179(3), p.71. Phillips, J.D, (2004) Decomposing changes in deferred tax assets and liabilities to isolate earnings management activities.Journal of the American Taxation Association,26(s-1), pp.43-66. Pozen, R. (2007). Discussion Paper for Consideration by the SEC Advisory Committee on Improvements to Financial Reporting. Security Exchange Commission. Schipper, K. (2003). Principles-based accounting standards. Accounting Horizons, 17, 61-72 Schrand, C.M.,( 2003). Earnings management using the valuation allowance for deferred tax assets under SFAS No. 109.Contemporary Accounting Research,20(3), pp.579-611. Skinner, D.J., (2008). The rise of deferred tax assets in Japan: The role of deferred tax accounting in the Japanese banking crisis.Journal of Accounting and Economics,46(2), pp.218-239.