Tuesday, December 24, 2019
Poem Analysis Beowulf - 906 Words
Kaleigh Della Grotta Ms. Murphy British Literature .2A Period C September 26, 2017 Beowulf Creative Writing Assignment Speech Honoring Beowulf I, Hrothgar, King of the Danes, built this mead hall to show everyone that Herot is the best mead hall to ever be created. Herot is a place for us to have celebrations where we eat, drink, and listen to poems shared all evening long. For countless nights Herot was your home where you would all fall fast asleep. As nights went on and things started to change we went about our lives living in fear as a sign that Herot was under attack. As you all know Grendel, a powerful monster, living in the darkness waited impatiently until you all fell asleep. Grendel hated the loudness and cheerfulness†¦show more content†¦His plan was to bring victory back to Herot and defeat the monstrous Grendel. Many people have seen Beowulf’s strengths and he is the best choice for this battle. In his past victories, he had chased five great giants who were tangled up in chains from the earth, he swims in the darkness of night, searching for monsters and driving them out of the ocean to be victorious in killing them all. This battle was Beowulf’s calling to defeat Grendel and he wasn’t planning on giving up until his goal was achieved. On the night that Beowulf arrived Beowulf awaited for the return of Grendel while we were nowhere near the premises. Grendel departed from his lair traveling to Herot with the intention of feasting on human flesh of my men not knowing what he would be encountering. Grendel set his attention to the first Geat he laid eyes on ripping him to shreds. Beowulf was in Grendel’s path of destruction when Grendel finally reached him. The rest of Beowulf’s men sprang up from the ground ready to protect Beowulf from what was about to happen. Infact, Beowulf did not need any protection. Beowulf then grasped onto Grendel’s arm never letting go, using all his might to defeat Grendel and never losing hope. Moments later, Grendel was suffering in desperation to flee. Grendel knew that there was no hope in overcoming Beowulf’s strength. As a symbol of triumph Grendel’s arm, claw, and shoulder are now hanging high in the mead hall for everyone to see thatShow MoreRelatedAnalysis Of The Poem Beowulf 851 Words  | 4 Pagesoffers literary analysis of Beowulf, the oldest epic poem that has survived in English literature. It is also widely known as the earliest surviving piece of literatures in vernacular European Literature. The language of this poem is Old English, spoken by Saxon people. This poem depicts a traditional story that is a part of oral Germanic tradition. As per experts, this is work of a single poet and was composed in then England. It has been determined by the scholars that this poem was written betweenRead MorePoem Analysis : Beowulf 1619 Words  | 7 PagesBen Sparrow Ms. Finkelstein Honors English IV September 5, 2015 Beowulf is renowned as the oldest poem written in the English language, thought to be written over 1500 years ago this epic poem is still being heavily studied and compared to modern literature regularly. The protagonist, named Beowulf is a great warrior whose called to defend the Danes from the vicious attack of many monsters. Many would label this call to action as the start of his hero’s journey, although it isn’t an ancient conceptRead MoreAnalysis Of The Poem Beowulf 3700 Words  | 15 PagesJames Quimby Mrs. Morris AP English 2 September 2014 Summer Reading Assignment Beowulf 1. This epic poem is one of the first works composed in the English language. It also tells us about the Anglo-Saxon people who lived in England and their culture. What values did these people support? What ideals did they try to live by? How do their values compare to our values today? Try to find similarities between our culture and this ancient culture. Use examples from text to support your points. The Anglo-SaxonRead More An Analysis of the Epic Poem, Beowulf - Characterization of Beowulf1918 Words  | 8 PagesCharacterization of Beowulf          The dialogue, action and motivation revolve about the characters in the poem (Abrams 32-33). It is the purpose of this essay to demonstrate the types of characters present in the anonymously written Anglo-Saxon poem, Beowulf - whether static or dynamic, whether flat or round, and whether protrayed through showing or telling.  At the very outset of the poem the reader is introduced, through â€Å"telling†by the scop, to Scyld Scefing, forefatherRead More An Analysis of the Epic Poem, Beowulf - Social Codes in Beowulf910 Words  | 4 PagesSocial Codes in Beowulf                                                             In reading Beowulf, one cannot help noticing the abundance of references to weapons and armor throughout the text. Many passages involving weapons and armor contain important messages that the author is trying to convey. These passages involve the choice to use or refrain from using arms, the practice of disarming oneself upon entering anothers home, and the idea of a mans worth being measured by his weaponsRead More An Analysis of the Arguably Unified Poem, Beowulf Essay example2971 Words  | 12 PagesAn Analysis of the Arguably Unified Poem, Beowulf Beowulf as a less than unified work, more important for its historical and philological content than its literary merit, and critics after him regard Beowulf as a unified work of art. For example, of the critics who discuss the poem as a whole in An Anthology of Beowulf Criticism, most agree pace Tolkien that Beowulf is a unified poem, even if they argue so on different grounds. Burton Raffels introduction to his own translation offers aRead MoreAn Analysis of Grendel Based on the Classic Poem Beowulf922 Words  | 4 PagesGrendel based on classic poem Beowulf in which there is three main characters the mother the dragon and the Grendel. Not only Grendel but other two characters too represent alien world evils. Grendel is analyzed here to assess if he is man, monster or a notion. THESIS STATEMENT Is Grendel a man, monster or a notion? THE FIGHT WITH GRENDEL The idea of Grendel is based on a poem Beowulf. The story revolves around the fight between good and evil in the life. Beowulf was the hero who faced threeRead More An Analysis of the Epic Poem, Beowulf - Anglo-Saxon Customs and Values Reflected in Beowulf1791 Words  | 8 PagesAnglo-Saxon Customs and Values Reflected in Beowulf      Readers today approach the Anglo-Saxon poem Beowulf with cultural preconceptions very different from those expressed by the author of this poem. This essay hopes to enlighten the modern reader regarding the customs and values from the time of the poem’s composition.   Beowulf makes reference to Ingeld and his wife and the coming Heathobard feud:                                                             inRead MoreHistorical Analysis Of Of Beowulf s Poem, Beowulf, Sir Gawain, King Arthur And Other Legends918 Words  | 4 PagesAnglo-Saxon monsters and takes us on a journey to a time where writers try to tackle modern problems. Along the way we come across characters such as Beowulf, Sir Gawain, King Arthur and other legends who remain a vital part of popular culture. History offers us a variety of heroes and legends that we can read and learn about. The historical poem of Beowulf not only reveals to us the importance cultural values of the warrior society, but also the importance of literature. The warrior culture at thisRead MoreBeowulf And The Anglo Saxon Period1740 Words  | 7 PagesBeowulf The original poem, Beowulf, goes back to the Anglo-Saxon period in c. 650 and c.1100. Authors translated Beowulf many times in the Anglo-Saxon period to present day. It displays how a hero should be in the real world. He helps the people in the village and slays monsters. Everyone in the village looks up to him as he acts as if he were a role model. Beowulf, the protagonist in the translated Beowulf by Seamus Heaney, is a hero of his village, stands for bravery, strong will, and nobleness
Monday, December 16, 2019
Dangers and Hazards of Nuclear Power Free Essays
Dangers and hazards of nuclear power When the term Nuclear Power or Nuclear Energy gets used usually the first things that come to mind for most people are bombs, destruction, war, and deformed humans. Which in fact are four things that occur the least in the nuclear power field. Nuclear power is much more than just bombs and destruction, bombs barely even take up a percentage of the total amount of nuclear energy used in the world today. We will write a custom essay sample on Dangers and Hazards of Nuclear Power or any similar topic only for you Order Now Most all of the nuclear energy used today comes in the form of production of electricity. Nuclear power plants are responsible for 16% of all of the world’s electricity production; which really may not sound like a lot, but when you think of the amount of electricity used in the world it really puts it into prospective how vital nuclear power is to us all. These days, nuclear technology is used in several applications. Some of these include: medicinal, power and of course military. Out of these, nuclear energy based power is getting popular. In any case, because of growth in applications, based on nuclear technology, there are several nuclear installations being found at industrial scale. In general, nuclear installations are highly sophisticated, and, have lots of control measures in place to prevent any major hazard. Still, it’s a fact, that inspite of all these sophistications etc. accidents could still occur. The problem with nuclear accidents is – though, less frequent (due to high degree of sophistication and control measures), but, once an accident occurs, the impact is severe. How to cite Dangers and Hazards of Nuclear Power, Papers
Sunday, December 8, 2019
Increasing Incidence Companies Liquidated †Myassignmenthelp.Com
Question: Discuss About The Increasing Incidence Companies Liquidated? Answer: Introduction Ever since the dawn of the 20th century, there has been a rise in the business liquidation which is not limited to Australia but is essentially a worldwide trend. As a result, this topic has gained immense attention in the recent times which poses question over the reason which is responsible for the same. In line with the basic understanding of bankruptcy, the immediate reason is almost always overwhelming liabilities which cannot be met with the existing asset on the balance sheet of the company which essentially forces the business to file for bankruptcy leading to liquidation of business. However, beneath the overwhelming liabilities lie the various causes which pose a bigger threat and need to be guarded against. To aid in this process, real life cases involving the bankruptcy in recent times have been discussed. These include One Tel, ABC Learning along with HIH Insurance. Unethical Management Even though the company had existence since 1988 but it came into limelight from 2001 onwards when in a matter of a few months, the geographical presence and the concentration of centres grew. Further, a crucial aspect of this expansion strategy was acquisitions of various day care canters. As the company expanded operations across geography, a major issue it faced was in the form of falling quality. This was on account of the staff shortage which increased the overall dissatisfaction of the customers with the services of the company centres. It would have been expected that the company would have corrected these issues through increased staff so that there is a positive feedback from customers (Arens et. al., 2013). However, the management was more concerned with geographical expansion to cash in on the subsidy provided by the government related to day care. Hence, the number of centres grew with little focus on the level of quality of services being delivered and the financial viab ility of these centres. Besides, the management resorted to misrepresentation in terms of corporate reporting and hence formed a quid pro quo relationship with the auditors (Pitcher Partners). Also, there were significant related party disclosures that were not captured in the financial statements (Kaplan, 2007). This led the external users to be misguided and the stock soared nearly 10 times after it was listed in 2001. Clearly this conduct was unethical on part of the management and amounts to violation of fiduciary duties of agent (Gay and Simnett, 2012). Lapses in Corporate Governance There were severe lapses in corporate governance framework which enabled the management to misrepresent the performance of the company and continue with their faulty practices. While sound corporate governance measures are imperative in order to ensure that there are internal reporting mechanisms which tend to complement the external auditor (Kaplan, 2011). In case of ABC Learning, the internal mechanisms were compromised and also there were no attempts to maintain the independence of the external auditor. The external auditor on their part never questioned the explanation provided by the management in relation to the swelling intangibles which formed about 70% of the total assets. Further, lucrative contracts were given to the relatives of the top management which clearly amounts to nepotism and hints towards ineffective internal control mechanisms (CPA, 2012). Financial Stress and Liabilities On the basis of the support from the revenues provided by the government and rising share price, the company was able to assume huge loans from leading bank such as Commonwealth Bank of Australia and in the year of their failure had about $ 1 billion outstanding debts. Further, about 70% of the assets of the company were in the form of intangible assets which were actually not there. As much as 40% of the day care centres had been loss making from several years but the management continued with these so that the share price can be jacked up which can be used for raising incremental capital (Arens et. al., 2013). However, the financial stress and liabilities of the company was exposed when in 2007-2008, the auditor was changed to EY and it disclosed questionable practices and hinted that the loss for the year would be greater than the cumulative profit minted by the company. This essentially led to insurmountable liability for the company as there was massive write off of assets parti cularly intangibles (CPA, 2012). Unethical Management Even though the company came into existence in 1968, but the growth trajectory really started in the last decade of the 20th century when the company aggressively went on an acquisition spree which led to growing number of subsidiaries as the company ventured into all different forms of insurance coupled with larger geographical presence in a bid to expand business. Investigations into the matter highlighted the reporting lapses coupled with a faulty business model which were the main culprit. The nexus between the management and auditor made it worse and hence the flawed practices kept on stretching to a point where bankruptcy became inevitable. Also, the management was charged with stock market manipulation, dishonest conduct and dissemination of false information (Mak, Deo Cooper, 2005). It is noteworthy that a high intrinsic risk is found in the insurance business and therefore while attracting new customers, the premiums should be decided keeping in mind the underlying risk However, HIH in a bid to attract more customers and increase the market share launched in USA with premiums that were so low that there were increasing liabilities. Also, the management decision to use the reinsurance model also compounded the problem coupled with acquisitions that did not make much financial sense. Further, hefty premiums were paid which further aggravated the financial position of the company and reflect at the poor conduct of the management (Mirshekary, Yaftian Cross, 2005). Lapses in Corporate Governance The above wrongdoings by the management of the company could be sustained only because of the lack of sound corporate governance. One of the first ones relates to the compromised independence of the external auditor (Arthur Anderson). There was a mutual understanding between the management and the external auditor whereby the external auditor issued an unqualified audit report and the management in turn gave lucrative business consulting contracts to Arthur Anderson. As a business consultant also, Arthur Anderson never indicated the additional risks associated with reinsurance model (Mak, Deo Cooper, 2005). Besides, in 2000, the independence of the board was comprised when three ex-partners at Arthur Anderson were appointed at the board of HIH Insurance. Also, the audit committee in place did not have a single non-executive independent director thus ensuring that the internal reporting was compromised (Mirshekary, Yaftian Cross, 2005). Financial Stress and Liabilities Considering the nature of the insurance business, financial stress in the balance sheet is not unexpected. However, even in the heydays, the companys financial position was dubious since despite have assets worth $ 8 billion, the net stood at $ 133 million and hence even minor fluctuations could potentially be disastrous for the company. Then in 2001, the company posted a loss of over $ 800 million for the six months ending on December 31, 2000. As a result, attempts were made to save the company through receivership but in vain. Later the liquidated appointers put the loss for the company at $ 5.3 billion. Thus, the company has since become a run-off which is managing the claims arising from the insurance contracts and does not take any new business (Mak, Deo Cooper, 2005). Unethical Management The core issue with the company which culminated in bankruptcy were essentially the imprudent business policies. As a result, in a bid to register rapid growth, the company witnessed huge losses which were concealed through incorrect reporting which eventually led to bankruptcy when the losses become unsustainably huge (Monem, 2009). The top management had the sole concentration towards increasing the subscriber base irrespective of the underlying financial cost involved and thus they made sure that the losses incurred were not represented as part of the financial reports so that the strategy could be continued (Gilbert, Joseph Terry, 2005). However, the actual financial results were never reported by the management. Also, the CEO tweaked with the composition of the board and key internal committees so that two particular non-executive directors with whom the CEO had close connections always were members which amounts of dereliction of duty in light of the duties for directors besto wed by Corporations Act 2001 (Brown and Caylor, 2009). Lapses in Corporate Governance The critical issue in relation to One Tel which pushed the company towards liquidation was the lapse in corporate reporting coupled with lack of sound corporate governance practices. The information that was contained in the management reports was not verified by the executives and as a result, there was deterioration of decision making both internally as well as externally. The internal control mechanisms with regards to audit were farce and hence there was fraudulent reporting in the internal books which had presence of only limited entries (Bhagat and Bolton, 2008). Also, for representation of companys performance, there was no consistency of underlying financial policies and hence the results for two consecutive years were not comparable. The accounting policy was used based on the underlying business environment so that the performance could be moderated and the stock performance can be ensured. This resulted in the financial performance of the company appearing very consistent giving the impression of stability in business. In the whole financial misrepresentation, the independence of the external auditor, the board and the key internal committees was compromised so that the CEO can misrepresent the financial statements (Monem, 2009). Financial Stress and Liabilities The financial stress for the company is visible from the period 1998 to 2000 i.e. before the liquidation period when the reported financial performance of the declined in stark contrast to the telecommunication industry which had improved result during this period. However, from a marginal profit in 1998, the company made a loss of around $ 291 million in 2000 which marked the demise of the company. Further, in the same year, the company had to spend $ 523 million for purchasing spectrum. Despite the losses, the CEO kept on deriving fat salary with bonus of upto $ 10 million. There were last moment attempts to provide funding to the company but on account of glaring errors in financial reporting, it could not go through and company became bankrupt (Monem, 2009). Recommendation It is evident from the analysis carried out in relation to the recent bankruptcy that the failure of business is more attributed to failure of corporate governance and reporting norms rather than the huge outstanding liabilities. As a result, it is imperative that a more active role in the board decisions need to be played by executive directors who in turn also constitute various committees for internal control (Gay Simnett, 2012). Further, a pivotal role in bringing any financial misreporting or any faulty business practice that poses serious risk to light is played by the external auditor who needs to be independent of the influence of the management. In the aftermath of the above bankruptcies, various provisions have been introduced to ensure the same in the form of CLERP 9 and Ramsay report recommendations (Clout Chappelle Gandhi, 2009). Further, the duty of the directors have been outlined in pivotal statute such as Corporations Act 2001 and violation of the same can potentia lly attract both civil and criminal liabilities. It is expected that steps such as these which ensure accountability and transparency would go a long way in prevention of corporate frauds and related bankruptcies (Arens et. al., 2013). Conclusion Based on the discussion carried out above, it is apparent that on the face of the bankruptcy, it is liquidation that prima facie seems as the contributing factor. However, deeper introspection of the circumstances and the contributory factors would indicate that the liabilities were essentially the result of faulty corporate governance setup under the control of an unethical management running in collusion with the auditor. Typically, the management are driven by short term incentives and hence aim to achieve growth without considering sustainability and in the process increase the liability to such an extent that the business revival becomes impossible. It is essential that the corporate governance norms need to be improved coupled with auditor independence and greater role for non-executive directors as these steps would ensure that the wrongdoing by the management would come to light and rectifying measures could be taken on time to prevent bankruptcy References Arens, A., Best, P., Shailer, G. and Fiedler,I. (2013). Auditing, Assurance Services and Ethics in Australia, 2nd eds., Sydney: Pearson Australia Clout, V, Chappelle, E and Gandhi, N (2013), The impact of auditor independence regulations on established and emerging firms,Accounting Research JournalVol. 26, No. 2, pp. 88-108 Gay, G. and Simnett, R. (2012), Auditing and Assurance Services in Australia, 5th eds., Sydney: McGraw-Hill Education Bhagat, S. and Bolton, B. (2008), Corporate Governance and Firm Performance, Journal of Corporate Finance, Vol.14, No.3, pp. 257-273. Brown, L and Caylor, M. (2009), Corporate Governance and Firm Operating Performance, Review of Quantitative Finance and Accounting, Vol. 32, No. 2, pp. 129-144. CPA (2012). ABC learning collapse case study., CPA Website, [online ] Available at https://www.cpaaustralia.com.au/professional-resources/education/abc-learning-collapse-case-study [Accessed September 12, 2017] Gilbert, W., Joseph J. and Terry J.E (2005), The Use of Control Self-Assessment by Independent Auditors. The CPA Journal, Vol. 3, pp. 66-92 Kaplan, R.S. (2011). Accounting scholarship that advances professional knowledge and practice. The Accounting Review, Vol. 86, No.2, pp. 367383. .Mirshekary, S., Yaftian, A. and Cross, D. (2005), Australian Corporate Collapse: The Case of HIH Insurance, Journal of Financial Services Marketing, Vol. 9, No.3, pp. 249-58. Mak, T., Deo, H. and Cooper, K. (2005), Australias Major Corporate Collapse: Health International Holdings (HIH) Insurance May the Force Be with You, Journal of American Academy of Business, Vol. 6, No.2, pp. 104-112. Monem, R. (2009), The Life and Death of OneTel, Griffith University, [online] Available at https://www98.griffith.edu.au/dspace/bitstream/handle/10072/42673/74746_1.pdf [Accessed September 12, 2017]
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