Loan Speech Student Loan - 1424 Words

Student Loan Forgiveness Student have debts one way or the other by continuing their education after high school and the student are pressure by their parents or at the counselor’s office in high school to get a degree. The only way is by college they say, but some student can’t afford it up front and need financial aid to help out. Here is when the student get in trouble by signing the application before they read the terms and conduction what they just sign. Some student think they will find a good job and not worry, because they know they can afford paying the loan back. Lot of employers are looking for experience to quantify for that job. When they have a degree after they finish school and seek for a job and find out they are over quantify or under quantify for that job and there is no way to pay for the student loan at a minimum job or no job at all and seeking for a solution help for the student loan. Some seek a default on the loan and don’t want that in your history records there is a better solution and it a student loan forgiveness. The solution to the problem with student loan debt is to be educated about which loans are best out there. Choice the best one for your situation. Student don’t have to get in debt, because there is other ways to pay for college, like going part-time to college and have a full time job. Some company will pay for you college. Be wise before you sign the loan document and read the terms and conditions. Lot of students don’t needShow MoreRelatedGraduation Speech : Student Loan Debt900 Words   |  4 PagesStudent loans have put many of our family, friends, and even ourselves through school for us to close the financial gaps to get that education of our dreams. There are personal loans and government aids such as loans and grants that give people a relief on how they are going to pay for college. Those who are not financially equipped to pay in full for college education have no choice but to look for other fo rms of payment and most resort to either private loans or student government loans to getRead MorePursuing A Career As A Speech Language Pathologist1628 Words   |  7 PagesSection One –Personal Inventory I plan on pursuing a career as a speech-language pathologist (SLP). As a speech language pathologist, I would be assessing, diagnosing, treating, and helping to prevent communication and swallowing disorders in patients. As a result for my passion to work with children, I became highly interested in psychology and child advocacy. I believe all three fields are interrelated because they share a common interest to understand the basic needs of a child. In addition, theseRead MoreAnalysis Of The Writing And Performance Of My Town Hall Speech1570 Words   |  7 PagesInterpretation of Survey Results The results of this survey provide critical information for the writing and performance of my town hall speech, including both which arguments will be most effective in persuading my audience as well as the persuasive methods that will be of most use to me. Questions 1, 18, and 20 provide information about the audience’s knowledge of the current state of debt in Ohio, as well as allowing the audience the opportunity to contribute information about any debts thatRead MoreStudent Loan Debt778 Words   |  4 PagesWendy Norris Persuasive Speech Rough Draft Outline Title: Student loan Debt Crisis Speaker: Markevia Lee Specific Purpose: To persuade the audience of their choice of taking out student loans. Thesis Statement: College is not something to put off until after you have graduated, students need to find ways to pay for college before they graduate. I. Introduction: Attention-getter: The increasing trend of college students graduating with significant more student loan debt than job prospectsRead MoreStudent Loans : A Burden Worth Bearing795 Words   |  4 Pages Student Loans: A Burden Worth Bearing With the news of the now infamous ITT Tech closing its doors last week, the millions of students undertaking financial loans for this fall semester have something to reconsider outside of the classroom. Student loan forgiveness has become an increasingly contentious topic over the past few years, most notably as being the crux of Bernie Sanders’, and now of course, Hillary Clinton’s, presidential campaigns, as can be noted from Clinton’s Democratic NationalRead MoreEducation Reform Needs For A Higher Education System1142 Words   |  5 PagesEducation reform needs to be one of the top priorities among our country. Our current educational system requires people to pay thousands of dollars for a higher education. Students are forced to take out loans that put them into severe debt for the duration of their live. Low-income students, especially, do not have many options nor are they able to afford higher education and the price is steadily increasing. It is the government’s duty to make this at the forefront of their problems because educationRead MoreThe Issue Towards Education And Education Reforms Needs Peoples Awareness Needs941 Words   |  4 Pagesthousands of dollars or take out loans that are putting them in debts for years which is absurd. Students from all over the nation forced to take out loans that put them in debt for most of their life. Low income students also do not have many options for education and cannot afford one. The cost of education will keep on getting higher and higher as time progresses and the next president and congress of the democratic party needs to focus on this problem for students that are in college and for theRead MoreHigh School Vs. The Federal Government1327 Words   |  6 Pagesaid as a lifeline to avoid debt themselves due to the increasing tuition rates nowadays. The federal government has made it easier than ever to borrow money for higher education. As a matter of fact, there is curr ently over $1.2 trillion in total student loan debt, eclipsing the amount of credit card debt. The reason for many families to borrow money is because tuition rates and fees for college have been raised dramatically over the past several years. An article from USA Today written by Amanda ReaumeRead MoreEducation : A Way Of A Better Life?1615 Words   |  7 Pagesthing to have in life is an education. The thing about getting an education is that it costs money, and one of the main ways to pay for a higher education in the United States is to take out student loans. Although student loans can be helpful in getting an education they can also be very burdening. Even as student debt is being seen as harmful to several individuals, there are people in the world that are benefitting from the acquiring of this unique type of debt. The sad reality that we live in isRead MoreA Plan For Student Loan Debt Burden995 Words   |  4 PagesMarco Rubio has a plan for students. Since the 1980s, the student loan-debt burden has risen to $1.2 trillion, which is nondischargable, meaning that the debt could follow you for the rest of your life. States have cut education funding and in response, universities raised tuition. And it does not seem that politicians are taking any meaningful action to ameliorate this debt burden. Rubio wants businesses to invest in individual students and after graduation; the student â€Å"will pay a percentage of

Eight Elements of Thinking Free Essays

The four real distinct categories are deductive, inductive, abductive or inference, and analogical. Deductive Reasoning: Consist of Implication and Consequences, and Interpretation and Inference. Deductive reasoning is one of the two basic forms of valid reasoning. We will write a custom essay sample on Eight Elements of Thinking or any similar topic only for you Order Now It starts with an assumed hypothesis or theory, which is why it has been called ‘hypothetical-deduction; this assumption may be well-accepted or it may be rather precarious – nevertheless, for the argument it is not questioned. This is the opposite of inductive reasoning, which involves creating broad generalizations from specific observations. The basic idea of deductive reasoning is that if something is true of a class of things in general, this truth applies to all members of that class. One of the keys for sound deductive reasoning, then, is to be able to properly identify members of the class, because incorrect categorizations will result in unsound conclusions. Inferences are interpretations or conclusions you come to. Inferring is what the mind does in figuring something out. Implications are claims or truths that logically follow from other claims or truths. Implications follow from thoughts. Consequences follow from actions. Inductive Reasoning: Entails Concepts and Information. It is the process of reasoning in which the premises of an argument are believed to support the conclusion but do not ensure it. Induction is employed, for example, in using specific propositions. Concepts are ideas, theories, laws, principles, or hypotheses we use in thinking to make sense of things. Inferences are interpretations or conclusions you come to. Inferring is what the mind does in figuring something out. Abductive Reasoning: Take account of Point of view and Assumption. Abductive reasoning typically begins with an incomplete set of observations and proceeds to the likeliest possible explanation for the set. Abductive reasoning yields the kind of daily decision-making that does its best with the information at hand, which often is incomplete. Analogical Reasoning: Comprise of the elements Purpose and Questions at issue. Analogical reasoning is a technique of handling information that associates the resemblances between new and agreed concepts, and then uses those similarities to gain understanding of the new concept. It is a system of inductive reasoning for the reason that it makes every effort to provide understanding of what is likely to be true, rather than deductively proving something as fact. How to cite Eight Elements of Thinking, Essay examples

Corporate Accounting Global Organisations

Question: Discuss about the Corporate Accounting for Global Organisations. Answer: Introduction: Nature of Impairment Loss and Needed Disclosures: The global organisations, comprising both profit and non-profit organisations, are the owners of several classes of assets. The assets could be further subdivided into several categories. In the words of Bhattacharyya (2012), the assets developed or utilised on the part of the organisations for running their day-to-day activities and operations are termed as the current assets. On the contrary, the fixed assets are mainly used for achieving the long-term goals from the organisational perspective. Despite these two sets of assets, many organisations embrace intellectual properties consisting of copyright, and trademarks. In addition, the assets obtained from merger or acquisition or client popularity like brand image or goodwill are also intellectual properties. As commented by Novotny-Farkas (2016), the organisations would not be able to utilise the intellectual properties directly for the generation of revenues. However, these assets could be indirectly used for boosting up the profit margin of the organisations. Such type of assets, which are intangible in nature and could not be expressed in monetary terms, are categorised as intangible assets. Therefore, these assets are recorded in the accounting books of the organisation based on the amount incurred for acquiring the same. In the recent times, it has been observed that the real asset values have begun to rise due to changes in the prevailing market conditions. Therefore, the organisations utilise impairment, in case, the book values exceed the real values of the fixed assets. Hence, in order to adjust the book values of the assets with the future market value, the organisations often develop Impairment accounts. In this context, Amiraslani, Iatridis and Pope (2013) mentioned that with the help of this method, the firms minimise the book value to the real value and the subtracted amount gets adjusted with the account of impairment. Thus, the loss arising out of such minimised asset value could be termed as the impairment loss. The asset values are changed due to several influential dynamics. Some dynamics are inherent for all the categories of assets, while some other dynamics are associated with minimising the value of particular assets. The production capacities of these assets tend to decline in future, in case, they are utilised for extensive production. In addition, the emergence of advanced technologies and equipments have lowered the market value of the traditional equipments and thus, getting obsolete. Furthermore, the land value has also been increasing with the passage of time. However, Goncharov, Riedl and Sellhorn (2014) argued that the land value might fall in situations of over population, localities, development of new towns and creation of public centres. The preferences of the customers and the introduction of contemporary technologies result in declined values of the trademarks and patent refights. Conversely, goodwill is the value at the time of acquisition of other organisation. Thus, the goodwill value is decreased, if the values of the takeover assets fall in the market. In the contemporary era, the organisations are required to make additional financial disclosures for meeting the stakeholders needs. From the perspective of the Australian government and the boards of accounting, the firms are required to represent the fair values of the assets and liabilities. This is because these stakeholders aim to ensure the interest of the other associated stakeholders of the organisations (Vernimmen et al. 2014). For instance, an organisation has bought high priced machinery five years ago. In the current conditions, the value of the machinery in the market has declined largely, which is less than half of the purchasing cost. This is because the modern machineries with advanced features are available in the market at a cheaper price. If the organisation presents the actual machinery price in its financial statements, it would be overvalued and thus, it would violate the fair accounting practices. In case, the organisations do not follow the fair value practices, the decision-making process of the shareholders could be negatively affected. Thus, in order to protect the rights of the stakeholders, the AASB has introduced the impairment concept. It has clearly instructed the Australian firms for asset impairment and accordingly, they could frame the financial reports. The impairment could only be applied when the recoverable amount of the asset falls below its carrying amount. The latter amount is kept in the accounting books of the organisational assets (Stenheim and Madsen 2016). In other words, the carrying amount related to an asset is the purchasing price and the asset value after depreciation. The recoverable amount for any asset could be of two categories, which include the actual value of the asset and the value in use. The actual asset value could be derived after subtracting the cost of expenditures from the recoverable asset amount. In the words of Ramanna and Watts (2012), the value in use is thee net cash inflow expected to be realised from the asset in future. According to IAS 36, it is viable to choose the highest of the two values, if both are available to the organisations. As per IAS 36, the impairment loss could be computed by subtracting the asset recoverable amount from its carrying amount. The loss from impairment is placed under the debit head in contrast to the particular asset for minimising its book value and preserving the same as the asset accounting amount. In addition, this loss is compromised with the income statement of the organisation by depicting it in the form of non-operating loss (Weil, Schipper and Francis 2013). In case, the organisation maintains an account for revaluation surplus, the impairment loss account is credited in contrast to the account of revaluation surplus. Hence, it minimises the value of the stockholders equity. There are certain group of assets, which are called units of cash generation like goodwill. In that case, the adjustment of tie impairment loss account is computed different from that of the discussed scenario. The impairment loss account is then adjusted with the goodwill account of the business. In case, any leftover amount is inherent even after the adjustment with goodwill, it is compromised with the units of cash generation depending on the book values of the properties or assets. Journal Entries for the Impairment Loss of Crossbow Limited at 30th June 2015: The journal entries for the impairment loss are briefly depicted in the form of a table as follows: In the Books of Crossbow Limited Journal Entries as on 30th June 2015 Debit Credit Date Particulars Amount (in $) Amount (in $) 30-Jun-15 Impairment Loss Account.Dr 260,000 To Goodwill Account 40000 To Land Account 26829 To Inventory Products Account 24146 To Brand Crossbow Shoes Account 21463 To Shoe Factory Account 93902 To Machinery Account 53659 (Being the net assets, liabilities and goodwill impaired depending on the amount of recovery) 30-Jun-15 Income Statement Account..Dr 260,000 To Impairment Loss Account 260,000 (Being the value of impairment loss relocated to the income statement) The journal entries have been formulated based on the below-depicted calculations: Calculation of Impairment Loss: Particulars Amount (in $) Assets' carrying amount (1) 1,680,000 Recoverable amount of the company (2) 1,420,000 Fair value of the assets (3) 171,000 Actual or real asset values (4) [Greater of (2) and (3)] 1,420,000 Loss from Impairment (5) [(1) - (4)] 260,000 Goodwill on acquisition of competing organisations (6) 40,000 Impairment loss from subtraction of goodwill (5) - (6) 220,000 Apportionment of Impairment Loss: Particulars Amount (in $) Percentage Impairment (in $) Land 200,000 12% 26829 Inventory Products 180,000 11% 24146 Brand "Crossbow Shoes" 160,000 10% 21463 Shoe factory 700,000 43% 93902 Machinery for manufacturing shoes 400,000 24% 53659 Total Amount of Assets 1,640,000 100% 220,000 References: Amiraslani, H., Iatridis, G.E. and Pope, P.F., 2013.Accounting for asset impairment: a test for IFRS compliance across Europe. Centre for Financial Analysis and Reporting Research (CeFARR). Bhattacharyya, A.K., 2012.Financial Accounting for business managers. PHI Learning Pvt. Ltd. Goncharov, I., Riedl, E.J. and Sellhorn, T., 2014. Fair value and audit fees. Review of Accounting Studies,19(1), pp.210-241. Novotny-Farkas, Z., 2016. The interaction of the IFRS 9 expected loss approach with supervisory rules and implications for financial stability. Accounting in Europe,13(2), pp.197-227. Ramanna, K. and Watts, R.L., 2012. Evidence on the use of unverifiable estimates in required goodwill impairment.Review of Accounting Studies, 17(4), pp.749-780. Stenheim, T. and Madsen, D.., 2016. Goodwill Impairment Losses, Economic Impairment, Earnings Management and Corporate Governance. Journal of Accounting and Finance,16(2), p.11. Vernimmen, P., Quiry, P., Dallocchio, M., Le Fur, Y. and Salvi, A., 2014.Corporate finance: theory and practice. John Wiley Sons. Weil, R.L., Schipper, K. and Francis, J., 2013.Financial accounting: an introduction to concepts, methods and uses. Cengage Learning.