Efqm Squire Hotel Group - 4154 Words

This paper has focused on the Squire Hotel Group and how the application of EFQM model 2010 can be used to provide a framework for the enhancement of organizational performance. Various issues have been identified facing the Hotel group, including lack of a formal method of collecting information; the demand of beds by the tourists compared to the supply; competition and tight budgets set by the head office. It is evident that the application of the EFQM model, especially the nine criteria, will enable the company to overcome these issues and improve on its performance. This is based on the fact that some companies, especially in Europe, have made use of the model and have turned out to be successful. In order to be successful, the Squire†¦show more content†¦Besides, the model uses a holistic approach for the management of a company and performance improvement (Kaufmann andSerban, 2011). However, the application of this model to an organization may have various pitfalls, th e main one encompassing resistance by the staffs and requirement for new skills from workers (Coulson-Thomas, 2006). In this report, the EFQM model 2010 will be applied to the Squire Hotel Group. The purpose of this is to find out, whether the EFQM model may offer a framework for enhancing the performance at the Squire Group Hotel. Assessing, whether the model is being employed by other organizations offering services to customers and how these organizations have been effective in terms of performance enhancement, will offer an insight as far as the efficiency of the application of this model is concerned. Background Information of the Hotel Squire Hotel Group runs a string of twenty hotels, which have bedroom ranging between 40 and 120. The hotels are found in locations such as Warwick, Southport and Oxford. Squire group hotel identifies itself in the three star markets boosting of hotels that have a unique personality and style, offering first rate services and quality food at a reasonable price.Show MoreRelatedSucess Factors in Merger and Acquisition38351 Words   |  154 Pagesstockbrokers, strategy consultants, investor relations and public relations consultants, and environment consultants. He emphasizes that among these advisors, investment banks play a paramount advisory role in MA transactions. Russo and Perrini (2006) group outside consultants into two categories: financial advisors and legal advisors. According to these authors, legal advisors are â€Å"law firms providing technical skills that are usually critical to the negotiation and closure of the deal†. They usually

Inspirational, Famous Quotes About Change

We have always validated change as the only constant in the world. We approve of change, as change leads to improvement. But what if change leads to a lowering of standards? What if change means more pollution, more poverty, and more destruction? Should change always be welcomed? Read these quotes carefully to understand why change is inevitable. Jawaharlal Nehru The wheel of change moves on, and those who were down go up and those who were up go down. Barack Obama Change doesnt come from Washington. Change comes to Washington. Winston Churchill There is nothing wrong with change, if it is in the right direction. John A. Simone Sr. If youre in a bad situation, dont worry itll change. If youre in a good situation, dont worry itll change. Faith Baldwin Time is a dressmaker specializing in alterations. Publilius Syrus A rolling stone can gather no moss. Washington Irving There is a certain relief in change, even though it be from bad to worse! As I have often found in traveling in a stagecoach, that it is often a comfort to shift ones position, and be bruised in a new place. Heraclitus Nothing is permanent, but change. Nelson Mandela One of the things I learnt when I was negotiating was that until I changed myself I could not change others. Henry Brooks Adams Chaos often breeds life, when order breeds habit. H. G. Wells Adapt or perish, now as ever, is Natures inexorable imperative. Isaac Asimov It is change, continuing change, inevitable change, that is the dominant factor in society today. No sensible decision can be made any longer without taking into account not only the world as it is, but the world as it will be. Herbert Otto Change and growth take place when a person has risked himself and dares to become involved with experimenting with his own life. Arnold Bennett Any change, even for the better, is always accompanied by drawbacks and discomforts. Helen Keller Life is either a daring adventure or nothing. To keep our faces toward change and behave like free spirits in the presence of fate is strength undefeatable. Spanish Proverb A wise man changes his mind, a fool never will.

A Man With Power - Free Essay Example

Sample details Pages: 2 Words: 584 Downloads: 2 Date added: 2019/05/13 Category Literature Essay Level High school Tags: Things Fall Apart Essay Did you like this example? In the book Things Fall Apart written by Chinua Achebe, there is a very powerful character named Okonkwo. Okonkwo was a very strong and fearless man but that all changes while a huge cultural collision was happening in his village. Europeans were pushing Christianity on the Ibo people and were trying to change their culture. Missionaries were being pushed into their community and as many could imagine Okonkwo wasnt too happy. Through Okonkwo, Achebe is trying to show how people during that time were dealing with it, some more positive while others not too well. Okonkwo was a man with power. He was the strongest in the village and many knew him as tough, strong, and basically fearless. In the village he was a self made man. Unlike his father he had wealth, supported his three wives and their children. Although he was scared scared to become like his father, he would work hard to not get anywhere near as low as his father. he was not afraid of war. He was a man of action, a man of war. Unlike his father he could stand the look of blood. In Umuofias latest war he was the first to bring home a human head(Achebe,10). He was fearless unlike his dad, he was relentless and was highly respected throughout the village. This is who Okonkwo was before the British came to the tribe seeking for converts to Christianity. Don’t waste time! Our writers will create an original "A Man With Power" essay for you Create order First, when the missionaries showed up the Ibo people took them as a joke. They didnt really comprehend what they were trying to do. They offered them the evil forest as a piece of land hoping that would end them, but when nothing happened to them they were astonished at first. The village people didnt care after they let them be be but as soon as villagers started converting Okonkwo wanted to get rid of them more and more. In the text it states He seized a heavy stick and it him two or three savage blows(Achebe, 152). When Okonkwo found out Nwoye converted, his anger took over and beat him. He also started trash talking the missionaries and their people. Okonkwo started hating the missionaries even more. After Okonkwo had to deal with the missionaries influence on Nwoye, he was not willing to change. One thing that did change was his dignity, he wasnt the man he once was. In a way Okonkwo felt defeated, weak and betrayed by his own son. The betrayal he felt was because Nwoye converted to Christianity. He felt defeated because more and more clan members were turning to Christianity, like the women. Women were changing because they werent willing to kill their twins for much longer. Okonkwo was quickly losing power over the people and becoming like his father, weaker and weaker. He wasnt willing to adapt to Christianity and missionaries. All in all, Things Fall Apart is about the reality of cultural colonization. Okonkwo was a big part of story, he showed how many reacted in such a negative way that in the end he was willing to kill himself. Okonkwo showed how men like him powerful, wealthy, and full of the peoples respect couldve fallen weak over cultural colonization. With Okonkwo and and the Ibo people, Achebe was showing the effects of Europeans colonizing villages like those and how many things were forgotten. This was a way for Achebe to show his people how their culture really was before colonization. Works Cited Achebe, Chinua.Things Fall Apart

One Flew Over The Cuckoo s Nest By Ken Kesey - 1705 Words

The book I chose is entitled â€Å"One Flew Over The Cuckoo’s Nest† written by Ken Kesey. It is important to start off by providing some of Ken Kesey’s background. After receiving his bachelor’s degree, Kesey ended up at Stanford in a creative writing program. He ended up volunteering in an experimental drug program where he was used to test the different effects of the drugs at the Local Veterans Administration hospital. This was where he began to experiment with LCD. During his experimental time, He ended up taking a job as an orderly in the mental institution where he got to witness how the mentally ill were treated by the staff and how the facility was run. He could not have written a better work of fiction to illustrate his experiences.†¦show more content†¦By standing up for themselves and leaving, Nurse Ratched’s authoritarianism has been overthrown and she is left with a limited amount of power. The narrating character is Chief Bro mden. He is a tall Native American who is known as â€Å"Chief Broom†(page 3) to the orderlies who make him sweep the floors. He has been in the Institution for ten years. Both the patients and staff call him â€Å"deaf and dumb†(Page 3) because he hasn’t spoken so therefore, they assume he is deaf. Kesey describes how Chief is treated by the orderlies by saying, â€Å"The least black boy and one of the bigger ones catch me before I get ten steps out of the mop closet, and drag me back to the shaving room. I don’t fight or make any noise† (p. 6). However, unbeknownst to anyone, the Chief can hear and speak, but between being heavily medicated as well as bullied, he is left feeling fearful as well as frail. He thinks that if he remains quiet, then no one will bother him and he can just hide in the shadows remaining out of the spotlight. Right in the beginning of the book as Nurse Ratched enters the ward, Kesey describes Chief Bromden’s reacti on by writing, â€Å"She slides through the door with a gust of cold and locks the door behind her and I see her fingers trail across the polished steel - tip of each finger the same color as her lips. Funny orange. Like the tip of a soldering iron. Color so hot or so cold if she touches you with it you can’t tell which†. This is the first description KeseyShow MoreRelatedOne Flew Over The Cuckoo s Nest By Ken Kesey1534 Words   |  7 PagesThe portrayal of women and minorities in the novel One Flew Over the Cuckoo’s Nest by Ken Kesey, shows readers the opinions of a majority of the population during the 1960s in which women in power were ridiculed. The book’s antagonist Nurse Ratched is presented as machine-like, and robotic. This shows how author Ken Kesey dehumanizes women who are in power, and decides to take away all their feminine qualities when they are in power because to Kesey it simply doesn t make sense that a female can beRead MoreOne Flew Ov er The Cuckoo s Nest By Ken Kesey1925 Words   |  8 PagesPatient: Bromden, Chief For many years in modern history, what occurred in mental institutions were not well known and discussed about widely. One book that actually brought the reality of what happens inside mental institutions to public attention was the book entitled â€Å"One Flew Over The Cuckoo’s Nest† written by Ken Kesey. The book shows the lives of the people residing in an Oregon mental asylum through the perspective of the patient named Chief Bromden. In the book, it isn’t stated exactly whatRead MoreOne Flew Over The Cuckoo s Nest By Ken Kesey1860 Words   |  8 PagesThe book titled, â€Å"One Flew Over the Cuckoo’s Nest† written by Ken Kesey is what I chose to read and evaluate. Before I go any further, it is important to share some of Kesey’s background in order to better understand why he wrote this book. After receiving his bachelor’s degree, Kesey ended up at Stanford University in a creative writing program. During his time at Stanford, he volunteered himself to be in an experimental drug program where he was used to test the different effects of the drugs atRead MoreOne Flew Over The Cuckoo s Nest By Ken Kesey1332 Words   |  6 Pagesboth a bully or that one individual that we simply didn t need to be around or even anybody they knew. Additionally, every person has had that one character they favored, for sticking up for themselves and declaring what they wanted, even though it intended sure punishment. In One Flew Over the Cuckoo s Nest by author Ken Kesey, these attributes stick out in the story. A dialogue of the setting, theme, and character situations into the story will help one capture how ones’ feelings fall into lineRead MoreKen Kesey s One Flew Over The Cuckoo s Nest1629 Words   |  7 Pages1962, Ken Kesey’s One Flew Over The Cuckoo’s Nest is a timeless classic. This novel has been subject to analysis through many different literary lenses: feminist, Marxist, and of course, psychoa nalytic. One Flew Over The Cuckoo’s Nest provides a plethora of evidence when it comes to using the psychoanalytic lens. The lens in question deals with the teaching of Sigmund Freud. When reading this novel, the audience sees quite clearly that the world of psychology plays an impactful role in One Flew OverRead MoreOne Flew Over The Cuckoo s Nest By Ken Kesey1579 Words   |  7 PagesIn the book One Flew Over the Cuckoo s Nest by Ken Kesey we are taken into the mind of a mental hospital patient who does not seem to cope well with reality. The whole book itself, revolves around the issue of either being sane or not. We are met with the thought of whether the narrator themselves are sane. But when it comes to our world today, we must ask ourselves how can we define someone as insane or sane? If if we can, who should be in charge of saying that they are? The first character thatRead MoreOne Flew Over The Cuckoo s Nest By Ken Kesey1873 Words   |  8 PagesThe novel I chose to read was entitled â€Å"One Flew Over The Cuckoo’s Nest† written by Ken Kesey. First off, It is important to provide some of Ken Kesey’s background in order to better understand why he wrote it. After receiving his bachelor’s degree, Kesey ended up at Stanford in a creative writing program. He ended up volunteering in an experimental drug program where he was used to test the different effects of the drugs at the Local Veterans Administration hospital. This was where he began toRead MoreKen Kesey s One Flew Over The Cuckoo s Nest1716 Words   |  7 PagesThe Geese in the Wolf’s Nest â€Å"The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.† (Orwell). Although animals might only look like animals, they are symbols of deeper meanings. Throughout the fiction novel One Flew over the Cuckoo’s Nest, by Ken Kesey, many symbols/motifs are presented in the form of animals that represent characters. These animals give meaning to the story and illuminate the plot by givingRead MoreAnalysis Of One Flew Over The Cuckoo s Nest By Ken Kesey1622 Words   |  7 Pagesor someone. Leadership on the other hand, may be a tool used to overcome authority which is depicted when McMurphy is admitted into the ward and effectively changes the patient’s lives for the better. Throughout the novel, One Flew over the Cuckoo’s Nest, written by Ken Kesey, McMurphy’s leadership dominates Nurse Ratched’s authority due to his success in transforming the patie nts into better people from the second of his arrival and giving them the option to live a better life. McMurphy, a gamblerRead MoreOne Flew Over The Cuckoo s Nest By Ken Kesey1625 Words   |  7 PagesWorks of literature innately embody the author’s ideology and the historical context of the given time period. Within the novel, One Flew Over the Cuckoo’s Nest, by Ken Kesey, the author furthers his ideals against the issue of oppression as he attempts to take stabs against its deteriorating effects and support those who rebel. Set in the microcosm of a small mental hospital, he establishes man’s external struggle to overcome tyranny. At the head of the head of the ward is the corrupted character

The Pros and Cons of Medical Marijuana Essay - 1201 Words

Marijuana is the third most popular recreational drug in America (behind only alcohol and tobacco), and has been used by nearly 100 million Americans. According to government surveys, some 25 million Americans have smoked marijuana in the past year, and more than 14 million do so regularly despite harsh laws against its use. Our public policies should reflect this reality, not deny it.(keith stroepe). Marijuana should be legalized for medical use across the country. Marijuana has been used medically, recreationally and spiritually for about 5,000 years. Under the Controlled Substances Act of 1970, marijuana was classified as a Schedule I drug because it was considered to have no â€Å"accepted medical use in treatment in the United†¦show more content†¦First, from 1900 to 1940, marijuana, including opium and cocaine were considered part of everyday drugs. As time went on, the U.S. cracked down on crack and opium, eventually outlawing them, but continued to be very â€Å"l oose† with the use of marijuana. Hoxter a weed smuggler explains how he began in the 1960’s trying weed and years later saw himself unloading four hundred pounds of pot in Vancouver. The story of this man ends in his isolation and argument of why he couldn’t smoke weed even if he stopped selling? He asked a parole officer and she didn’t know what to respond. It is true what Hoxter states, fifty years ago alcohol was illegal and now it’s not, was it bad then? Will weed be legalized? And will the conflicts have been in vain? (Schou 8). Around the late 90’s and early 2000’s, scientific studies started to produce jaw-dropping results. Scientists started to discover that marijuana can significantly help people who have become ill. Medical Marijuana has been tested to help people with cataracts, cancer and severe depression (Zeese 1999). With this new worldwide discovery, the argument about medical marijuana ignited. States wanted to only make medical marijuana legal so it may help sick people, but the government did not want any form of marijuana legal. The law that was known throughout the United States was any form of marijuana was illegal. But now with this new discovery, doctors in states across the country want theShow MoreRelatedShould Marijuana Be Legalized?935 Words   |  4 Pagesbuy marijuana! The states of Colorado and Washington are already allowing this (Pro Con 2014 p.20). I feel strongly that the drug marijuana should not be legalized. Marijuana is classified as a Schedule I drug (Pro Con 2014 p.19). When Colorado legalized this their â€Å"state went from the healthiest in the nation to one with thousands of mostly young adults in need of medical treatment (Congressional 2014 p.5). To me this is a big indicator to stay away from it. Some may say that marijuana hasRead MoreEssay about Should Marijuana be Legalized?968 Words   |  4 PagesShould marijuana be legalized for recreational or medical use? This is a debate that has been happening for quite some time and this is not just a debate that is happening among people. There are many that have taken sides including medical personal and government officials. Currently in the United States there are two states in which recreational use of marijuana is legal; Colorado and Washington. There are three states currently that have pending legislation to legalize recreational use; CaliforniaRead MoreShould Marijuana Be Legalized?1224 Words   |  5 PagesLegalizing Marijuana Many different web pages and read over the information that they provided and this is what is found. The debit for this topic is all over the place some say we should some say we should not legalize marijuana. The three main topics that will going to go more into depth with are the medical benefits, monetary benefits and the renewable benefits. But first, let a bit about marijuana, so other names for it is weed, herb, pot, grass, bud, ganja, Mary Jane to name a few. Marijuana can beRead MoreMarijuana: For Better or For Worse?1740 Words   |  7 PagesMarijuana is a harmful drug and should not be legalized. Marijuana is the most commonly used illicit drug used in the United States. It is a plant that grows from the ground however, it contains many harmful toxins. There are many pros and cons for the legalization of marijuana although there are more cons than there are pros; one being that children are the ones who abuse marijuana the most. Surprisingly, against other beliefs, marijua na smoking actually does impair the user’s ability to drive aRead MoreMedical Use of Marijuana875 Words   |  4 Pageslegalization of marijuana for medical use, eight out of ten states caused a decreased in teenage cannabis use. Currently in the nation there are several states that allow the use of marijuana for medical purposes. Government officials have different belief on medical marijuana. According to Judge Young, â€Å"Marijuana has been accepted as capable of relieving the distress of great numbers of very ill people† (â€Å"Top Ten†). The governmental figure sees potential with the use of medical cannabis. AccordingRead MoreShould Marijuana Be Legalized?1463 Words   |  6 PagesLegalizing marijuana is the most argumentative issue in United States. It has been discussed for many years. There are many debatable questions that need the final answers such as: Should Marijuana be legalize and taxed? Should medicinal marijuana in all states? Should the iss ue be addressed at the national or at the state level? Everything has its own pros and cons, so does legalizing marijuana. It can reduce the pain in medical purposes, prevent consumers from consuming marijuana illegally, andRead MoreShould Marijuana Be Legalized? Essay1030 Words   |  5 PagesMarijuana should not be legalized There are many reasons why marijuana should not be legalized. There are also reasons why marijuana should be legalized. However, the cons for legalizing marijuana outweigh the pros, which lead to why marijuana should not be legalized. The topic of marijuana is extremely important in our society and one worth investigating. It was a blast finding information that I didn’t know about this topic. In this essay, I will break down facts, statistics, and data aboutRead MoreLegalizing Marijuana For Recreational Use1362 Words   |  6 Pageslegalize marijuana for recreational use. Similar to the age limitation set for buying and consuming alcohol and smoking of tobacco products, Colorado has set the age limit for recreational use for adults who are at least twenty-one years of age and over to use an ounce of this drug. According to the drugabuse.gov website, the drug marijuana is defined as a greenish-gray mixture of the dried, shredded leaves and flowers of Cannabis sativaâ₠¬â€the hemp plant. After two years of legalizing marijuana, ColoradoRead MoreShould Marijuana Be Legalized?1135 Words   |  5 Pageswere using cannabis as a medicine thousands of years ago. Marijuana is deeply American too—as American as George Washington, who grew hemp at Mount Vernon. For most of the country’s history, cannabis was legal, commonly found in tinctures and extracts† (Sides). This is how the national geographic article â€Å"Science Seeks To Unlock Marijuana’s Secrets† by Hampton Sides was opened. Very good opening sentences that provide a good idea of marijuana and a little history on it as well. There are many problemsRead MoreEssay Astonishing Statistics of Marijuana Use in Minors1539 Words   |  7 Pagesmillion Americans ages 12 and over have reported to using marijuana at least once within the previous year. That number alone is an astonishing statistic on marijuana users. Although marijuana has been a drug with increasing p opularity especially throughout the past couple of years due to the legalization in some states. In November of 2012 history was made when Washington and Colorado both legalized marijuana for recreational use. Although marijuana is considered to be a Schedule 1 drug, which means it

Mark Twain Essay Thesis Example For Students

Mark Twain Essay Thesis In our time, there has been many authors. Perhaps the most interesting and most widely known author has been Mark Twain. Born Samuel Langhorne Clemens in 1835 in Florida, Missouri, Clemens has been known as a humorist, narrator, and social observer. Clemens works are some of the most widely known pieces in this country, and perhaps even the world. At the age of 4, Clemens moved with his family to Hannibal, Missouri, a port located on the Mississippi River. In 1851, he began setting type for and contributing sketches to his brother Orions newspaper, the Hannibal Journal. Later, Clemens was a steamboat pilot on the Mississippi River until the Civil War. In 1862 he became a reporter for the Territorial Enterprise in Virginia City, Nevada. In 1863, he started using his pseudonym Mark Twain, which was a river call for a depth of two fathoms. This was the beginning of Mark Twain, because in 1865, he published The Celebrated Jumping Frog of Calavaras County and within months the author and the story had become national sensations. Two of his recent novels have also been extremely popular. The Gilded Age, which was published in 1873, took a look into the materialism and corruption in the 1870s. Another book, The Adventures of Tom Sawyer, has been very popular. The story celebrates boyhood in a town on the Mississippi River. Reporters and many other people have been awaiting a sequel to The Adventures of Tom Sawyer, but the author has not promised anything. He states that he is now working on another novel, which has yet to be named, but has given the plot away. He has said that the story is for children, and that it blends the simplicity of a fairy tale with realistic social criticism. Mark Twain is one author that is very humorous, and has ended the domination of American literature by New England writers. He portrays uniquely American subjects, in a humorous and colliqual, yet poetic, language. We hope to see many more works from this author!Words/ Pages : 376 / 24

Newsletter and Financial Statements

Question: Discuss about The regulatory environment and financial reportin and Analysis of financial statement. Answer: The regulatory environment and financial reporting We are pleased to present the newsletter to you, which bring forth the current development in financial sector and other associated updates. The outsourcing function is a trending phenomenon that has been currently catching pace with different business function like accounting HR, finance, IT roles, customer-oriented services and a lot more. As a consequence the presentation of major key function is also assigned by companies to a third party service administrator. Discussing and drawing lights on the above subject and other essential associated topic have been elaborated below: Current Jurisdictive Instruments Wholly Owned Companies (ASIC Instrument 2016/785) As per the Corporation Act 2001 part 2M.3, it is mandatory for companies (other than small proprietary entities) to reveal the information regarding entities and listed investment schemes and the same shall be organized and stated in the Auditors report, Directors report, Income Expenditure statements, Balance sheet and all other financial statement. The wholly owned companies are relieved from signing of contract with holding entity or any other contract delivering cross guarantees and also this act satisfies any other prescribed clauses as well. For any other subsequent information acknowledging details regarding wholly owned entities the Australian Financial Reporting Manual can be studied. Proprietary Entities Audit (ASIC Instrument 2016/784) According to ASIC Instrument 2016/784 CO 98/1417 has been amended but with minor alterations. Wherein the management of large proprietary entity or any undersized proprietary entity is done by an overseas corporation it is obligatory for them to lodge and get it in order with ASIC in Directors Report, Auditors Report and other financial statements within four months period. As per the Corporation Act 2001, section S319 (3), the four-month period shall begin from the closure of accounting year of the entity. AASB 112 (Australia Accounting Standard Board) The Assessment of Unrealistic losses for computation of Deferred Tax Assets has been altered to AASB 112 of Income Tax Act (July 2004) and AASB 112 Income Taxes (August 2015) for stating the assessment of unrealized losses in deferred tax assets on the debt instruments which is being computed at the fair value. Inclusion has been made in paragraph 27A, 29A and 98H and alteration to paragraph 29. This standard is significant for that computation relevant to FY on or after 1st Jan 2017. The further details of the same can be seen on www.aasb.gov.au. Amendment to the AASB 9 in relation to financial instruments and AASB 15 gains from contracts with customers As per the Standardized authority-executing assistance for NPO (not-for-profit organization) into AASB 15 and AASB 9 is mandate. The guidance served shall assist NPO in applying standards towards the specified transactions or any other events. The amendment in AASB 9 shall signify the foremost measurement and delivering of non-contractual receivables occurring as a result of statutory requirement. It includes rates, taxation and overall charges. Moreover the amendment to AASB 15 is indicative of the accounting in association with the customers a) recognizing the contract with customer b) recognizing performance obligation c) allocation of transacting amount to performance obligation. The standard is applicable on or after 1 January 2019 but maybe applicable on any previous date as well. AASB 101 In accordance with the provisions of AASB 101, companies are required to prepare their financial statements by considering guidelines of general purpose financial statements. By complying this standard, thecompany will be in aposition to ensure that financial statements are inter and intra comparable (Cameron, 2014). Provision of this standard specifies standards and format for the preparations of financial statements. Further, it covers description linked to acknowledgement, therevelation of accounting information and calculations of accounting transactions and related aspects. Analysis of financial statement of KoolKlothes Ltd as at 30th June 2016 By considering the asset side of balance sheet, it can be noticed that all assets are in accordance with the provisions of AASB 101 except recording of investment in listed shares, intangible assets and Plant, Property and Equipment. It is because; Para 68A of AASB 101 states that plant and property are required to be shown at net carried value on assets side and notes to account should be provided for detailed description but same has not been followed by thecompany. Trainee accountant has made themistake that accumulated depreciation is shown in liabilities side which is not as per AASB 101. Para 68C of AASB 101 shows that intangible assets are required to be shown separately and not to be clubbed with other assets (Henderson, S., Peirson, G., Howieson). Advertisement costs shown on thebalance sheet is part of theincome statement as it is an expense instead of capital expenditure. The Same provision has been cited in Para 88 of AASB 101. The liability side of balance sheet shows that disclosure of provisions has been provided on anindividual basis which is not correct as it is to be shown under asingle head. Expenses covered under AASB 137 can be adjusted in against of related compensation (Carey, PotterTanewski, 2014). An example of such expenses is amount reimbursed undersuppliers warranty contract. In addition to this, provisions related to warranty should be reduced from account balance, and net value should be disclosed, but the same has not been followed. It shows clear contradiction of Para 68(k) of AASB 101. Another problem is an incorrect presentation of retained earnings. As per Para 68 (p), retained earnings should be shown under the column of equity, but in the presentcase, it is shown under liabilities side. Provisions of doubtful debt are shown by reducing the amount from account receivables, but in the presentcase, it is shown in liabilities which shows incorrect representation. Another mistake is in the presentation of Current and Deferred Tax liabilities as it is not presented on the basis of nature of the account. By considering the above analysis, it can be noticed that prepared financial statements by trainee accountant are not as per provisions of AASB 101. Thus, trainee accountant is required to improve their understanding of accounting provisions and make above-described changes to provide financial reports as per the guidelines of the general purpose of financial statements. References Alam, Z., Rashid, K. (2014). Corporate financial reporting on the internet: A survey of websites of listed companies in Pakistan. IUP Journal of Corporate Governance, 13(3), 17. Birt, J., Rankin, M., Song, C. L. (2013). Derivatives use and financial instrument disclosure in the extractives industry. Accounting Finance, 53(1), 55-83. Cameron, R. A. (2014). Applying the Materiality Concept: The Case of Abnormal Items.Cengage learning. Carey, P., Potter, B., Tanewski, G. (2014). Application of the reporting entity concept in Australia. Abacus, 50(4), 460-489. English, D. M., Schooley, D. K. (2014). The Evolution of Sustainablty Reporting. The CPA Journal, 84(3), 26. Henderson, S., Peirson, G., Howieson, B. (2015). Issues in financial accounting. Pearson Higher Education AU.