Client Understanding Paper

University of Phoenix ACC/541 Client Understanding Paper As per your request of an analysis of the following topics: Adjusting lower of cost or market inventory on valuation, Capitalizing interest on building construction, Recording gain or loss on asset disposal, and Adjusting goodwill for impairment. The Financial Accounting Standards Board (FASB) established clear guidelines addressing the items mentioned above. I will outline that FASB generally accepted accounting standards (GAAP) affect each area, and how these improvements to the company will benefit the company’s financial health (FASB, 2010). The methods of inventory valuation are different according to companies, but at the end of the day the chosen method should be consistent each year according to the general accepted accounting principles. A manufacturing company will generate inventories for finished product, raw materials and work in progress, so lowering the cost of market inventory can be very intimidating and consuming. Inventories and prepaid expenses present some additional valuation issues. With the emphasis on net income reporting, the inventory valuation process has become secondary to the matching of expired inventory costs to sales. The use of any of the acceptable inventory flow assumption techniques prescribes the amount that remains on the balance sheet, and it is likely that each of these flow assumptions will result in different inventory valuations in fluctuating market conditions. In addition, the accounting convention of conservatism requires that a lower of cost or market valuation be used for inventories (Schroeder, Clark, & Cathey, 2005). Using the first-in-first out (FIFO) or the last-in-first-out (LIFO) method is the perfect way to identify the cost of each inventory item. â€Å"A valuation method (e. g. LIFO, FIFO, average cost and specific identification) is used to compute the cost of the inventory dollar amounts and then it is compared to the market dollar amount. † LIFO is not commonly used because the last goods purchased are the first to be sold. The inventory at the beginning of the year will have the earliest goods purchased acquiring a valuation of an early price. FIFO is better used for lowering cost especially during periods of increase prices. It is also important to identify a method for valuing the items in the inventory and calculating the cost of goods sold. This can be done through the cost method, the lower of cost or market and the retail method. â€Å"A valuation method is used to compute the cost of the inventory dollar amounts and then it is compared to the market dollar amount. The lower of the two amounts must be used when recording inventory. † The cost method involves all direct and indirect costs to acquire the inventory. The cost of the products purchased consists of the invoiced purchase price minus discounts or trade with and addition of transportation, shipping additional cost incurred for attaining the product. Lower of cost or market method â€Å"determine the market value of each item on hand as of the inventory date, compare the market value with the cost of each item, and use the lower of the two as the inventory value of that item† (Hagen, 2005). The American Institute of Certified Public Accountants (AIPCA) in conjunction with the Financial Standards Accounting Board (FASB) issued ARB No. 3 that lower of    cost or market rule apply to all inventories. Lower of cost or market aspect (LCM) is also supported and defined by SFAC No. two and SFAC No. 6. The LCM rule considers the market that purchases and sells the inventory. In general, the conservatism principle applies to LCM method of accounting. Conservatism principle directs a company to choose the more â€Å"conservative† dollar amount when considering two amounts that represent inventories. This helps a Company to report accurate losses on their income statement. To determine LCM, one must also consider net realizable value (NRV). This value represents the selling price of inventories minus the fees associated with completion of sales. The NVR is key to determining true LCM. Conclusion of market value also refers to an items current replacement cost. This cost falls between the NRV (ceiling value) and the floor value (NRV- normal profit). Inventory cost adjustments are required by accounting standards. Incorrectly reporting inventory values at higher levels is a fraudulent act (with harsher penalties under Sarbanes Ox). Inventory valued at $10 with a true value of $5 is a punishable event (FASB, 2010). When a building asset is developed, a vast amount of time is required between the start and completion of the project. Normally the cost of should include all cost to prepare the asset for its useful life of the asset or for sale. The capitalization of interest cost on a building give a guideline on the amount of interest to be capitalized and for the financial statement disclosure. The expenditures must be qualified ahead of time, activities must be in progress and the company must be paying interest. Capitalization ends when the building fully constructed and is in use. Interest is not capitalized on inventories manufactured on a repeated basis or if the building is acquired using gifts or grants under restriction by the donor or grantor. â€Å"When additional financing is incurred after construction expenditures have begun, a firm may capitalize interest on construction expenditures either using an end-of-period average interest rate that includes all financing outstanding at the end of the period (general or specific, as appropriate) or using only the finance outstanding when the construction expenditure was made. Scofield, 2004) The average capitalized rate can be computed using the weighted-average or the specific method. If you were to purchase a building after it was completed, the sales price would include all costs (plus a profit to the seller). Part of the costs in building something is the interim borrowing costs†¦ in this case, the construction loan. Adding the loan to the other costs (brick, mortar, labor) is called â€Å"capitali zing† the interest expense. This creates a higher cost basis for the building and can be â€Å"recovered† through the depreciation expense deduction (over the life of the building). The three main events in the life of an asset are the acquisition, useful life, and disposal or retirement. At the end of an asset’s life, gain or loss of its disposal is recorded. A gain or loss will take place at the disposal of any assets and should be logged as journal entry along with any related incidental cost. The unrealized gains and losses are noticed according to its earnings. All changes whether upward or downward that involves investment shares are shown as income or losses with a change in market value that requires an adjustment to its carry value. At the time disposal there can either be a gain or loss or no gain or loss. Schroeder, Clark and Cathey states that all unrealized gains and unrealized losses will be valued the same for asset valuation purposes. For trading securities, the gains and losses are noticed in those periods in which they occur; for these assets the method is consistent with other accrual accounting requirements. A consistency with the SFAC No. six definition of comprehensive income is determined because comprehensive income is determined by the changes in net assets and would include changes in the market values of assets. For trading securities, no further masking of gains against losses that occurred under the aggregate valuation approach of SFAS No. twelve is needed. Goodwill for impairment must be assessed by companies at least once per year. If an impairment of goodwill the carried amount will be lessened and there will be recognition of impairment loss. Goodwill for impairment test must be recorded as reporting units. These could be the company’s operating segments identified under SFAS 131, or a â€Å"component† of a reportable operating segment as defined in paragraph 30 of SFAS 142. (Huefner and Largay III, 2008). Goodwill is comparing each unit’s estimated fair value of the reporting unit with the unit’s fair values of its identifiable net assets. This process and the process of allocating purchase price differentials of asset acquired, goodwill and liabilities assumed is very similar. The total of the tentative assignments of goodwill to reporting units can surpass the total goodwill recorded by the total entity but when this occurs, the tentative unit assignments are reduced in some reasonable fashion to make the sum equal to the total recorded goodwill (Huefner and Largay III, 2008). Losses on impairment cannot be changed but according to Schroeder, Clark and Cathey, an impairment loss for goodwill should be reversed only if the specific external event that caused the recognition of the impairment loss reverses. A reversal of an impairment loss should be recognized as income in the income statement for assets carried at cost and treated as a revaluation increase for assets carried at revalued amount. At the end of the developing period, the annual impairment test is done on an aggregate basis, which means an increase in goodwill on some books annot offset impairments found in other units. Huefner and Largay III also states that given the potential significance of the change in the accounting treatment of a major asset, the authors expected to observe numerous large impairment write-offs due to implementing the new standard, and large increases in net income because of eliminating goodwill amortization as an expense. In conclusion assets involving current assets, long-term investments, fixed assets, and intangible assets at some point can be changed into cash. Intangible assets except goodwill can either be determinable or indeterminable useful lives. Schroeder, Clark and Cathey explain that those with determinable useful lives are written off over the period of benefit. The cost of acquiring goodwill as well as intangible assets with indeterminate useful lives, is not amortized. References Schroeder, Richard G. , Clark, Myrtle W. , and Cathey, Jack M. (2005). Financial Accounting Theory and Analysis, The Development of Accounting Theory. Financial Accounting Standards Board. 2010). Financial Accounting Standards Board home. Retrieved April 5, 2010 from, http://www. fasb. org/. Scofield, B. (1994) Full disclosure of interest capitalization decisions. The National Public Accountant. Retrieved on April 5, 2010 from http://www. allbusiness. com/accounting. Huefner, R. J. , Largay J. A. (2008). The CPA Journal. The Effect of the New Goodwill Accounting Rules on Financial Statements. Retrieved on April 5, 2010 from http://www. nysscpa. org/cpaj ournal/2004/1004/essentials/p30. htm Client Understanding Paper University of Phoenix ACC/541 Client Understanding Paper As per your request of an analysis of the following topics: Adjusting lower of cost or market inventory on valuation, Capitalizing interest on building construction, Recording gain or loss on asset disposal, and Adjusting goodwill for impairment. The Financial Accounting Standards Board (FASB) established clear guidelines addressing the items mentioned above. I will outline that FASB generally accepted accounting standards (GAAP) affect each area, and how these improvements to the company will benefit the company’s financial health (FASB, 2010). The methods of inventory valuation are different according to companies, but at the end of the day the chosen method should be consistent each year according to the general accepted accounting principles. A manufacturing company will generate inventories for finished product, raw materials and work in progress, so lowering the cost of market inventory can be very intimidating and consuming. Inventories and prepaid expenses present some additional valuation issues. With the emphasis on net income reporting, the inventory valuation process has become secondary to the matching of expired inventory costs to sales. The use of any of the acceptable inventory flow assumption techniques prescribes the amount that remains on the balance sheet, and it is likely that each of these flow assumptions will result in different inventory valuations in fluctuating market conditions. In addition, the accounting convention of conservatism requires that a lower of cost or market valuation be used for inventories (Schroeder, Clark, & Cathey, 2005). Using the first-in-first out (FIFO) or the last-in-first-out (LIFO) method is the perfect way to identify the cost of each inventory item. â€Å"A valuation method (e. g. LIFO, FIFO, average cost and specific identification) is used to compute the cost of the inventory dollar amounts and then it is compared to the market dollar amount. † LIFO is not commonly used because the last goods purchased are the first to be sold. The inventory at the beginning of the year will have the earliest goods purchased acquiring a valuation of an early price. FIFO is better used for lowering cost especially during periods of increase prices. It is also important to identify a method for valuing the items in the inventory and calculating the cost of goods sold. This can be done through the cost method, the lower of cost or market and the retail method. â€Å"A valuation method is used to compute the cost of the inventory dollar amounts and then it is compared to the market dollar amount. The lower of the two amounts must be used when recording inventory. † The cost method involves all direct and indirect costs to acquire the inventory. The cost of the products purchased consists of the invoiced purchase price minus discounts or trade with and addition of transportation, shipping additional cost incurred for attaining the product. Lower of cost or market method â€Å"determine the market value of each item on hand as of the inventory date, compare the market value with the cost of each item, and use the lower of the two as the inventory value of that item† (Hagen, 2005). The American Institute of Certified Public Accountants (AIPCA) in conjunction with the Financial Standards Accounting Board (FASB) issued ARB No. 3 that lower of    cost or market rule apply to all inventories. Lower of cost or market aspect (LCM) is also supported and defined by SFAC No. two and SFAC No. 6. The LCM rule considers the market that purchases and sells the inventory. In general, the conservatism principle applies to LCM method of accounting. Conservatism principle directs a company to choose the more â€Å"conservative† dollar amount when considering two amounts that represent inventories. This helps a Company to report accurate losses on their income statement. To determine LCM, one must also consider net realizable value (NRV). This value represents the selling price of inventories minus the fees associated with completion of sales. The NVR is key to determining true LCM. Conclusion of market value also refers to an items current replacement cost. This cost falls between the NRV (ceiling value) and the floor value (NRV- normal profit). Inventory cost adjustments are required by accounting standards. Incorrectly reporting inventory values at higher levels is a fraudulent act (with harsher penalties under Sarbanes Ox). Inventory valued at $10 with a true value of $5 is a punishable event (FASB, 2010). When a building asset is developed, a vast amount of time is required between the start and completion of the project. Normally the cost of should include all cost to prepare the asset for its useful life of the asset or for sale. The capitalization of interest cost on a building give a guideline on the amount of interest to be capitalized and for the financial statement disclosure. The expenditures must be qualified ahead of time, activities must be in progress and the company must be paying interest. Capitalization ends when the building fully constructed and is in use. Interest is not capitalized on inventories manufactured on a repeated basis or if the building is acquired using gifts or grants under restriction by the donor or grantor. â€Å"When additional financing is incurred after construction expenditures have begun, a firm may capitalize interest on construction expenditures either using an end-of-period average interest rate that includes all financing outstanding at the end of the period (general or specific, as appropriate) or using only the finance outstanding when the construction expenditure was made. Scofield, 2004) The average capitalized rate can be computed using the weighted-average or the specific method. If you were to purchase a building after it was completed, the sales price would include all costs (plus a profit to the seller). Part of the costs in building something is the interim borrowing costs†¦ in this case, the construction loan. Adding the loan to the other costs (brick, mortar, labor) is called â€Å"capitali zing† the interest expense. This creates a higher cost basis for the building and can be â€Å"recovered† through the depreciation expense deduction (over the life of the building). The three main events in the life of an asset are the acquisition, useful life, and disposal or retirement. At the end of an asset’s life, gain or loss of its disposal is recorded. A gain or loss will take place at the disposal of any assets and should be logged as journal entry along with any related incidental cost. The unrealized gains and losses are noticed according to its earnings. All changes whether upward or downward that involves investment shares are shown as income or losses with a change in market value that requires an adjustment to its carry value. At the time disposal there can either be a gain or loss or no gain or loss. Schroeder, Clark and Cathey states that all unrealized gains and unrealized losses will be valued the same for asset valuation purposes. For trading securities, the gains and losses are noticed in those periods in which they occur; for these assets the method is consistent with other accrual accounting requirements. A consistency with the SFAC No. six definition of comprehensive income is determined because comprehensive income is determined by the changes in net assets and would include changes in the market values of assets. For trading securities, no further masking of gains against losses that occurred under the aggregate valuation approach of SFAS No. twelve is needed. Goodwill for impairment must be assessed by companies at least once per year. If an impairment of goodwill the carried amount will be lessened and there will be recognition of impairment loss. Goodwill for impairment test must be recorded as reporting units. These could be the company’s operating segments identified under SFAS 131, or a â€Å"component† of a reportable operating segment as defined in paragraph 30 of SFAS 142. (Huefner and Largay III, 2008). Goodwill is comparing each unit’s estimated fair value of the reporting unit with the unit’s fair values of its identifiable net assets. This process and the process of allocating purchase price differentials of asset acquired, goodwill and liabilities assumed is very similar. The total of the tentative assignments of goodwill to reporting units can surpass the total goodwill recorded by the total entity but when this occurs, the tentative unit assignments are reduced in some reasonable fashion to make the sum equal to the total recorded goodwill (Huefner and Largay III, 2008). Losses on impairment cannot be changed but according to Schroeder, Clark and Cathey, an impairment loss for goodwill should be reversed only if the specific external event that caused the recognition of the impairment loss reverses. A reversal of an impairment loss should be recognized as income in the income statement for assets carried at cost and treated as a revaluation increase for assets carried at revalued amount. At the end of the developing period, the annual impairment test is done on an aggregate basis, which means an increase in goodwill on some books annot offset impairments found in other units. Huefner and Largay III also states that given the potential significance of the change in the accounting treatment of a major asset, the authors expected to observe numerous large impairment write-offs due to implementing the new standard, and large increases in net income because of eliminating goodwill amortization as an expense. In conclusion assets involving current assets, long-term investments, fixed assets, and intangible assets at some point can be changed into cash. Intangible assets except goodwill can either be determinable or indeterminable useful lives. Schroeder, Clark and Cathey explain that those with determinable useful lives are written off over the period of benefit. The cost of acquiring goodwill as well as intangible assets with indeterminate useful lives, is not amortized. References Schroeder, Richard G. , Clark, Myrtle W. , and Cathey, Jack M. (2005). Financial Accounting Theory and Analysis, The Development of Accounting Theory. Financial Accounting Standards Board. 2010). Financial Accounting Standards Board home. Retrieved April 5, 2010 from, http://www. fasb. org/. Scofield, B. (1994) Full disclosure of interest capitalization decisions. The National Public Accountant. Retrieved on April 5, 2010 from http://www. allbusiness. com/accounting. Huefner, R. J. , Largay J. A. (2008). The CPA Journal. The Effect of the New Goodwill Accounting Rules on Financial Statements. Retrieved on April 5, 2010 from http://www. nysscpa. org/cpaj ournal/2004/1004/essentials/p30. htm

Engineering Professions Essay Example | Topics and Well Written Essays - 1000 words

Engineering Professions - Essay Example Of all the fields that mechanical engineering offers, I would like to specialize and take up a job in the field of Computer Aided Design and Manufacturing (CAD/M). Simulation is becoming the keyword for the success of most engineering projects. Every company, venturing on a large scale production would like to know whether the project is going to be successful or not. This was once an impossible task due to the limitations in fields of Computer hardware and software. But today, it is becoming a possibility. This is where CAD/M comes in to picture. According to Gerald Michael, CAD/M is the direct application of specialized hardware or software to product and manufacturing engineering and manufacturing operations (Michael, 1980). Architecture, Vehicle and aircraft design, Engineering design, Microchip design, Graphic design and Animated films are just few of the several applications of CAD/M (ICTSpecialist, nd). CAD/M engineers, also known as computer draftsmen work with specialized computer programs to generate blueprints and simulations for an engineering projects such as aircraft building, ship building, construction of a sky scraper and others. Some of the most commonly used CAD/M softwares currently are AutoCAD, SolidWorks, ProE, Cadence, Mentor, CADKey and Microstation. Some of the typical everyday duties of a CAD/M engineer include taking hand drawn plans and converting them into presentable and accurate blueprints using CAD/M softwares, generating simulations by specifying the parameters and answering 'what-is' questions and attempting to integrate the company wide data from different stages of production for easy work-flow management. Most colleges, private and public offer courses to train students on their specialized career paths in the field of CAD/M. However it must be noted that, design and simulation is as much an art as it is a science. Therefore many companies restrict their requirements in a prospective candidate. However, at a minimum a student must have a degree in Mechanical Engineering or Manufacturing engineering or any other branch closely related. The courses offered in these degree programs give students the basic theoretical knowledge of analysis and design that can be used in a real time setting later on. Although there are several certificate oriented courses that teach particular softwares with just sufficient theoretical knowledge, I feel that, to truly grasp the essentials of CAD/M, one must go through a professional degree program with courses such as Product Design, Product Optimization, Production Planning and Scheduling, Automation in Manufacturing, Computer Integrated Manufacturing Sys tems , Interactive Computer Graphics and Robotic Manipulators and Mechanisms apart from taking up certified courses in special CAD/M softwares like ProE, SolidWorks and AutoCAD. The job prospects for CAD/M Engineering profession is extremely bright. Drafters held about 254,000 jobs in 2004, Architectural and civil drafters held 43 percent of all jobs for drafters, mechanical drafters held about 32 percent of all job

Problem Solution, A health issue Essay Example | Topics and Well Written Essays - 1500 words

Problem Solution, A health issue - Essay Example Scientists and physicians together with health organizations have published several articles addressing the issue. Furthermore, the majority of the people have a notion that women cannot have muscles due to lack of hormones associated with the same. Contrary to what majority think, women can have a well defined muscular body with proper training. In this case, proper training involves lifting weights and not just any weights but heavy weights. Having enough muscles ensures proper metabolism. Increasing the percentage of muscles in ones body increases the metabolism rate. Physicians refer to this as the basic metabolism rate (BMR). Defined and well-structured muscles increase the BMR thus ensuring that calories are burnt even when an individual is resting. The burning of the excess calories ensured fitness and desired body size and shape. The addition of exercise to the condition ensures that no matter the amount of calories consumed in a day, one does not add weight in an undesirable manner. One of the benefits of weightlifting can be seen at old age. At the age of 20s to 30s one does not see the need to exercise and concerns of old age stability is for the future. However, training as early as possible for women does not only lead to building of muscles but also improvement of bone density. The increase in bone density would ensure stronger bones and thus stability. Most reported cases of bone problems involve women at old age due to low bone density compared to men. Exercising by lifting weights can enable a woman be more stable at old age minimizing bone-related problems. Maintenance of good bone health involves regular training and lifting of weights that necessitates the need to lift weights and maintain fitness among women. The level of testosterone hormones among ladies is low compared to men. However, the low level of the hormone found in women varies from one woman to another. It is the hormone

Beck Depression Scale Essay Example | Topics and Well Written Essays - 2500 words

Beck Depression Scale - Essay Example One final goal of assessment is to get a clear understanding of the structure and functioning of the family. The MFT has specific information that he is looking to obtain during the assessment process. First and foremost, the MFT wants to gather as much information as possible on the problem the family is faced with. This includes the length of the current problem, the family's history of conflict, the family's history of solutions, and the family's motivation to rectify the current problem. The MFT also wants information about the structure of the family, such as any cultural or religious influences, socioeconomic status, and the hierarchy of the family. At the same time, the MFT wants to understand how the family functions; their conflict resolution strategies, how well they communicate with one another, each member's role in the family, and individual and collective goals. Finally, the MFT is interested in finding out what the family's goals are for therapy. There are many different ways in which the MFT can gather this assessment information, but they all fall into two broad categories: qualitative and quantitative. Qualitative assessment allows the therapist to make inferences about certain behaviors and reactions of family members during an assessment task, whereas quantitative assessment is in the form of a standardized instrument, usually a pencil-and-paper questionnaire or scale. There are many advantages of using qualitative assessments. The family plays a larger, more important role in the assessment process, the assessment becomes part of the treatment process since this type of assessment tends to be therapeutic in and of itself, the therapist can pick and choose different techinques that fit nicely with his specific theoretical orientation, it allows the therapist and family to work together in assessing the information obtained, the family is often more committed to therapy because of the vital role they play in the assessment process, individual family members learn from one another and can learn how each member is affected by the family as a whole, allows the family to be viewed in a three-dimensional context, and it can be used with families from various cultural, ethnic, and religious backgrounds (Deacon & Piercy, 2001). There are many qualitative techniques available for the MFT. Qualitative assessments include the use of art, guided imagery, photographs, role playing, sculptures, free association, metaphors, and circular questioning. The idea behind this type of assessment is that it takes the focus off of the individual, and places it on the task at hand, often making the clients less defensive and more emotive (Deacon &Piercy, 2001). While there are many advantages to qualitative assessment, it is not for everyone. Some therapists and clients may not feel comfortable with such exercises, and these exercises may in fact exacerbate any anxiety felt towards therapy instead of relieving it (Deacon & Piercy, 2001). In such a case, these exercises should not be pushed. If these activities are forced, the information gathered will most likely be scarce. Deacon and Piercy also note that while qualitative assessments can provide the therapist with a wealth of information, it cannot provide certain informa tion that can only be obtained through quantitative asse

Loyalty in the exotic car market Assignment Example | Topics and Well Written Essays - 2500 words

Loyalty in the exotic car market - Assignment Example Although individuals might be quick to point out that brand loyalty affects decisions regarding Burger King or McDonald’s, Coca-Cola or Pepsi, or Toyota and Ford, it also impacts upon the way in which an individual views and ultimately integrates with an exotic car purchase; should they ever have the available resources to do so (Clinard & Berkey, 2013). Through such an examination it is the hope of this particular student that such a level of discussion can be useful with respect to apply the concepts of consumer and brand loyalty to the exotic car market; providing for the levels of success for firms that seek to promote brand loyalty as a means of increasing profitability and returning customer base. One of the first understandings concerning brand loyalty within the exotic car market has to do with research produced by Neil (2013). Within this particular piece of research, the authors indicate that several distinct psychological processes are entailed with the way the consumers make choices and identify with products. To a large part, this same psychological structure and framework is evident with respect to the way in which brand loyalty is predicated within other markets. The author indicates that brand loyalty within traditional consumer markets is predicated upon issues concerning trust, satisfaction, repeat purchase behavior, value, and other elements. However, within each particular market the way in which brand loyalty is exhibited is predicated upon a different set of metrics. In other words, the reader comes to understand that brand loyalty is ultimately products dependent. Essentially, the value and satisfaction that a given good or service represents to the consumer is based upon what that particular good or service is attempting to fulfill within the life of the consumer (Caplan, 2010). Likewise, within

Life Course Development Essay Example | Topics and Well Written Essays - 2000 words

Life Course Development - Essay Example This essay will mainly focus on biological, psychological and social development ofMr.H. The main purpose of this essay is to test our different possibilities and focusing on self-development and how to balance our life and work. . This essay will show the use different types of data collection techniques observation, interaction and interviewing, that were used to support this case study. Selection of the Participant The client has been selected on the basis of age, physical, social and biological factors. As I was studying a young adult so the participant was perfect for my case study. He also seemed to be in good physical health and in my initial observations he seemed to be having a thriving social life. I wanted to inquire the details behind the individual and thus selected him for the case study. Interviewing and Interaction Processes The first part of the interaction with the client was the informal interactions. These informal interactions took place whenever he came to visit my workplace. These informal interactions were prepared by me well in advance .I wanted to know him well before telling the purpose of my study. Some of the observations made by me during these informal interactions have been included by me in the appendix A. These reports were later shared with the client and he has given his permission to use the data even though the study was conducted without his knowledge. This was done in order to ensure that he does not become conscious and answers to my questions freely and without any prejudice. After informing him about my course objectives, an interview was fixed with him at his workplace. I reached the workplace two hours before the interview. This was done by me to finish the naturalistic observations before the interview. I also arranged a second interview with him at his home to differentiate between his behavior at work place and home. So the interview in the case was preceded by naturalistic observation which allowed me a chance to compare the two. Results of the naturalistic observations are provided in appendix B. The results of the interview have been provided by me in appendix C. Socio demographic Background Mr. is a 21 year young adult. He is currently pursuing Bachelor of Engineering from Edith Cowan University. He is an international student, he lives with her sister. He works at in a supermarket as checkout supervisor. Mr. is an Indian male. His height is 173 cm and weight in kg: 80. Therefore, his BMI is 26.7. The client comes from a middle class family. His family consists of four members and has one sibling. He and his sister, who is 18 years old, live by themselves in Australia. His parents are in India and he communicates with them once a week. His both parents are well settled and are educated. They are with each other since 35 years. The client’s father is a businessman and mother is a house-wife, while his sister just finished the school and starting her tertiary education next year. He is single but has girlfriend from his country. The neighbors are not much interactive as they are busy with their own work and life. Biological Development The Biological growth of the participant is observed to be normal. His birth weight was 3 kg while the gestational age at birth was 38 weeks. During his birth, no complications were

How important is curriculum in determining a school's international Essay

How important is curriculum in determining a school's international status - Essay Example Further, for high school students that are graduating, they would often look for schools in other countries to enrol in for their college education. Most of the time, they choose schools by popularity and International status. But the question is, how is curriculum related or is a factor in determining the International status of an educational institution? We will dwell on the answers as we go further along. This paper will also discuss the significance of curriculum, the theories and basis of curriculum, the different approaches to learning, elements of curriculum, effects of changes in curriculum and the relation of curriculum to international acclaim. Curriculum as a Work Plan In every aspect of life, planning is required. Whether it is as simple as planning for a family vacation or things to do during the holiday break, plans play an important role in achieving objectives at the end. And in deciding on education, there should be a formal framework to be followed to ensure that t he end product will come out as planned. Plans are made and drawn to be followed to ensure success. And careful planning is very much needed especially if an educational institution is to offer learning and development to its students for years. Curriculum is the plan for educational institutions (Pinar 2003). ... Not only will it focus on the academics of the students but will include the other aspects of a student’s life like extracurricular activities, social activities, learning ability and other learning needs and (Abbott, Hughes, Williamson 2001) agrees. Further, a curriculum does not only set a plan for its students but for the mentors and teachers too. It will include an estimate measure of time regarding how many sessions should a subject matter take, the workload of teachers and their capability to teach the subject matter at hand. All of these constitute to the curriculum of a school and now, we can move forward and talk about the significance or importance of curriculum in a school setting. Significance of Curriculum in Schools As previously discussed, curriculum serves as a work plan on how a school attains objective goals at the end of a course. So, why is this important in the different levels of schooling namely elementary or grade school, high school and college or high er education. For the elementary level, the curriculum is drawn with consideration of all the learning needs of a child. At this stage (Waller & Clark 2007) says children will still have different learning capabilities and different ways of adapting to teaching methods. Such considerations will be included in the drafting of the curriculum. Students in this level will have no choice on what subjects to take as they are being geared towards studying a universal curriculum. The reason for this is that grade school students should have a complete development regarding all subject matter. In the high school level, there are more choices given to the student. Although the freedom of subjects is still limited, there is still an exercise of