Creativity and Psychopathology Essay - 1155 Words

Creativity and Psychopathology Recent studies show that your chances of having a mental illness may have something to do with your profession. This is an example of a subject that can often be read about in popular magazines such as Vogue, Time, or Newsweek. I’ve never really paid much attention to these articles because something about them makes me feel uneasy. The reader must remember that the magazines have more than one goal. Not only are they trying to inform readers, but they are also trying to sell magazines. I recently read an article in Psychology Today entitled Troubled Talent. It reports the results of a study on the prevalence of mental illness among various professions. I will compare this article with an actual†¦show more content†¦The article does not provide information on how the subjects were chosen, their age, race or gender. Since we do not know how the subjects were chosen, it is not possible to determine whether the experiment was a quasi or a true experiment. Not only does the article fail to provide important information on the sample, it also lacks information pertaining to the study’s methods. We can, however, infer that he study must have been correlational. This is because neither mental illness nor type of profession can be manipulated as an independent variable and causation cannot be established. Only by inference do we know that the study is retrospective. Since the subjects must have lived a large portion of their lives in order to see patterns of creativeness and mental illness, we can assume that the researchers needed to look back at records to gather their information. We do not know anything else about how information on the subjects was collected or evaluated. Because of the limited sample and method information, ethical issues may be present, but are not apparent. Talan’s limited account of Ludwig’s study makes it appear to be unreliable. The article mentions the results of Ludwig’s study, but we don’t know what they really mean because we don’t know enough about the sample or the design. Since we don’t know much about the sample, the study’s reliability isShow MoreRelatedSchizophrenia And The Middle Of Creativity And Psychopathology2032 Words   |  9 Pagesstanding open and clinical hobby among researchers. In spite of the fact that amiableness has different parts than creativity (e.g., insight) and is established in a social setting, it is hard to envision an uncreative genius. Creativity comprising of both oddities and effect is subsequently key for agreeableness (Cropley, 2010). 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Italian Preterite Perfect Tense - Trapassato Remoto

You’ve learned about the passato remoto, which is a tense often used in literature or to talk about events that happened long ago. Mia nonna crebbe a Parigi durante la guerra. My grandmother grew up in Paris during the war.Lultima volta che lo vidi eravamo bambini. The last time I saw him we were children. Now, we are going to take one step further back in time, into the trapassato remoto: a tense used almost uniquely in literature, to describe something that happened right before the action for which you use the passato remoto, a long time ago. How to Make the Trapassato Remoto Known in English as the preterite perfect, it’s a compound tense formed with the passato remoto of the auxiliary verb avere or essere and the past participle of the acting verb. So, the only thing different from the passato prossimo is that instead of using the present tense for the auxiliary, you are using the passato remoto for the auxiliary. Lets refresh our memory on the passato remoto of avere and essere: Passato Remoto of Avere: Preterite Tense To Have io ebbi tu avesti lui/lei/Lei ebbe noi avemmo voi aveste loro ebbero Passato Remoto of Essere: Preterite Tense To Be io fui tu fosti lui/lei/Lei fu noi fummo voi foste loro furono Now, lets couple our auxiliaries with some past participles—depending on whether they are transitive or intransitive—to get a sense of what this trapassato remoto looks like: Trapassato Remoto Mangiare & Crescere: Preterite Perfect To Eat & To Grow Up io ebbi mangiato io fui cresciuto/a tu avesti mangiato tu fosti cresciuto/a lui/lei/Lei ebbe mangiato lui/lei/Lei fu cresciuto/a noi avemmo mangiato noi fummo cresciuti/e voi aveste mangiato voi foste cresciuti/e loro ebbero mangiato loro furono cresciuti/e A Past Right Before the Past In English, those verbs translate to had eaten and had grown up (before something else happened). For example: They had eaten the apple as soon as the train had left the station.He had grown up before the war had started. In Italian, that preceding action requires the trapassato remoto: Dopo che la porta fu chiusa comincià ² lo spettacolo. After the door had closed, the show began.Quando ebbero finito di mangiare salirono sulla carretta e se ne andarono. After they had finished, they got on the buggy and left.Non appena lebbero seppellito fecero una festa. As soon as they had buried him they had a party.Solo dopo che fummo partiti la nonna si sedette. Only after we had gotten on the road Grandma sat down. As you can see, the action that happens before in the trapassato remoto can only be in the dependent clause, not the principal clause. In other words, you cant make a single-clause sentence with the trapassato prossimo; it wouldnt make any sense. And because the trapassato remoto describes an action that happens immediately before the other action in the passato remoto, it is introduced by dopo che (after that), quando (when), appena (as soon as). A few more examples: Appena ebbi saputo la verità   gliela dissi. As soon as I had learned the truth I told him.Quando ebbe finito di lavorare tornà ² a casa. When they had finished working they went home.Quando ebbero ricevuto la notizia partirono. After they had received the news they took off. When to Use the Trapassato Remoto Keep in mind that because this tense is used in storytelling and in literature—in historical novels, for example—it comes in a narrative context; one would assume that the sentences above lead to something else, a yarn, also in the remote past. You almost never use it unless you are telling a story from long, long ago. Fu dopo che la nonna ebbe visto la foto del nonno che si innamorà ². It was after Grandma had seen Grandpas picture that she fell in love. In telling a story, more commonly people would say: Fu dopo che la nonna vide la foto del nonno che si innamorà ². Thats staight-up passato remoto, translated in English as: It was after Grandma saw Grandpas picture that she fell in love. In English, the difference is not so great. But in writing in Italian, and depending on the context, the trapassato remoto adds a sophisticated layering to the sequence of action. And its a nuance that you, the sophisticated learner, will want to be able to discern. As Always, Agreement Remember that with all intrasivite verbs, such as verbs of movement or reflexive verbs—any verb using essere as their auxiliary—just like the passato prossimo, the participle has to agree in gender and number with the subject. For example: Dopo che le ragazze furono salite sull’autobus, si sedettero. After the girls got on the bus, they sat down.Dopo che furono cresciute in campagna, le ragazze si trovarono male in città  . After having grown up in the country, the girls adapted poorly to the city. The past participles salite and cresciute end in an -e because the subject is feminine plural.

Development of the Education System and Society Free Essays

string(106) " simultaneously more carefully and thoroughly in high-quality information sharing and learning societies\." It is been a fact that our educational system has reached far beyond our imagination. Through the development of our educational system, we are able to enhance our technology by inventing new inventions that will be useful and meet the societies’ needs; and thus, these create positive impacts to our society. It helps our society more lively and makes things accessible and a lot easier. We will write a custom essay sample on Development of the Education System and Society or any similar topic only for you Order Now Furthermore, as we continue to study this issue, we should try to understand what is an education and learn a little overview which regards to this. Education is the growth and improvement of the capacity of the individual to be useful member of our society through teaching and learning precise beliefs, skills and knowledge. Confidentially, it is the procedure of taking in knowledge of numbers and language which are learned from parents and more members of the culture of the students and concerning the execution of surrounding objects. The magazines, journals, books and digest in the field of education deal with the teaching and learning preparations and trainings which comprise game playing, testing, record keeping, seating arrangements, lectures, interests, scheduling, bullying, computer access and motivation. It is presently established and renowned that the greatest significant elements in some effectiveness of the teacher are the communication with students and the education and the teacher’s personality. The greatest teachers are competent to interpret knowledge of a subject, excellent adjudication, knowledge and wisdom into an important knowledge of a subject which is comprehend and kept hold of by the student. It is their capability to comprehend a subject expertly enough that they can be able to express its quintessence to a newfangled generation of students which is necessary of every teacher. The objective is to be able to establish a knowledge substance base which permits the student to develop as they are laid open into distinct life happenings. The transitory of knowledge from generation to other generation permits the student to develop and mature into a serviceable member of our society. The purpose of this study is to explore the development of the education system and its impact it had on society. Overview It is generally acknowledged that the procedure of education starts at birth and endures during the course of life. There are many perceive and have confidence with that education begins previous than this- as indication by several parents who play music or read to the baby, hoping that it will persuade and motivate the development of the child. Education is frequently making used to denote to â€Å"formal education†. Moreover, it conceals a variety of occurrences since formal learning up to the constructing of understanding and knowledge amidst of our day to day living. Eventually, every situation that we undergo aids or serves as a form of our education. Distinct people study and discover in distinct approaches and several things will have to be made clear several times in several distinct approaches before the majority of the students â€Å"gets it†. Several students, unluckily, will never â€Å"get it† in view of the fact that they don’t give any interest on it or have not able to learn sufficiently of the foundation knowledge of a prearranged subject to go forward to the next level. Each one of us receives informal education from several sources (see â€Å"Education†. Wikipedia, the free encyclopedia. August 25, 2006.   http://en.wikipedia.org/wiki/Education). Thus, this informal education and formal education will lead us to bring change in our society by making new or advancements in our technologies, just like in the field of IT. *Development of the Educational System and its impact it had on Society* Through the progress in our educational system, we are able to improve our technologies which help us connect globally. Advance technology is part of the development of our educational system. Moreover, it also enhances our economic stability by engaging businesses globally using the advance technology that we have learned through our education. Information technology as defined by Ben Meadowcroft in his study that â€Å"it is the technology that is utilized to store, manipulate, distribute or make information.  Several nonprofit and institutions are keen and enthusiastic to understand either developing technologies and the Internet posses an authentic positive impact on civil society and either nonprofits are taking hold of the chances to utilize technology in groundbreaking procedures in order to fulfill their assignment. On the other hand, technology can be able to utilize to gather together the people internationally around a shared cause to realize and accomplish world-changing outcomes far beyond the assurance of empowering nonprofit organizations in order to perform significant purposes like as fundraising, and recruiting unpaid workers more efficiently. In distinction to several of the undertakings expressed through William Galston, David Eisner declared that: â€Å"the truly transformative impact that the Internet will have on nonprofits is specifically in the area of building community.† James Austin stated that technology is redefining â€Å"community† while it is no longer concentrated on geography but then on another shared qualities which can connect people throughout cyberspace. He recommended a newfangled description of community â€Å"a group of people bound together by shared activities, purpose, and values.† As stated by Eisner, there are four inclinations that are unfavorable to understanding the internet’s influence in creating societies Ø   There are more people who will discover and realize that it is easier to form supplementary associations as outcomes of the internet. Ø   Inquiring each individual to give will become simple and uncomplicated since information and action can presently be incorporated. Example, contributors can read which regard the earthquake in India and then stretched and offer all at once through the use of internet. Ø   Reports, fundraising, online societies and procedures to lend a hand, which Eisner called the â€Å"cycle of engagement,† will turn out to be frictionless, in view of the fact that the internet empowers people to learn regarding a dilemma and do something without delay and flawlessly. Ø   By mean of networking, people can be able to perform simultaneously more carefully and thoroughly in high-quality information sharing and learning societies. You read "Development of the Education System and Society" in category "Papers" Online interaction gives a strong structural and administrative tool for advocacy operation and promotions. Mike Whitlam stated that â€Å"As a communication tool, as campaigning tool, it’s incredible.† But then, this strong association turn out to be a reality if not, nonprofit organizations posses the capacity to utilize technology. Eisner stated that: â€Å"What’s really important is even where grants are related to technology,  Ã‚  Ã‚   grant makers need to take an interest in their grantee’s technological proficiency in the same way that they take an interest in their staff capability, their management, and their financial credibility.† Turning to present inclinations in e-philanthropy, Austin declared that same as the Internet business world, the e-philanthropy society (with nonprofit and for profit) is undergoing distress labor pains. As Austin continued that there will be additional terminations and merging, but then the space will not disappear. The internet technology has irrevocably altered the philanthropic capital market. Austin was able to identify the four forces as the precarious shapers of the newfangled technology-based e-philanthropy society. Ant these are economic pressures, mistrust, clashing cultures and technology readiness. An article entitled â€Å"education and Economic Development† stated that the development of the internet has taken along newfangled chances and enhanced communication to several businesses and people. Globally, IT expenditure is foretold to upsurge by 35 percent in 2010, as stated by the research firm IDC (Worldwide Black Book, 2004). As an outcome, the need will increase for extremely equipped individuals to administer and support IT systems. In United States of America, every year there is an increase in need for those work forces have been the topmost amongst the It sector. Moreover, in several emerging countries, get into training on the newest technologies is either inadequate or unobtainable. An absence of way in to technology and education regarding its use is one issue contributing to the â€Å"gulf† amongst developed and developing economies. The said gulf is known as â€Å"digital divide† (see â€Å"Education and Economic development† http://www.cisco.com/web/about/ac227/ac111/cisco_and_society/education_and_economic_development.html). On the other hand, the article entitled â€Å"Science Education System Standards stated that the science education system standards give standard for adjudicating the presentation of the modules of the science education system accountable for giving schools with essential financial and intellectual means. In spite of the recurrent usage of the terminology â€Å"educational system†, the sense is frequently ambiguous. States are element of a national education system and schools are included as elements of a local society which can comprise universities and colleges, parks and museums, laboratories, community organizations, various media, businesses and nature centers. The initial purpose of the science system is to provide society with technically and methodically well-educated citizens. Resources and information invigorate the system. The information’s nature-the greatness of resources- and the tracks along which they move are managed and regulated through policies which are limited and controlled in instruments like judicial rulings, legislation and budgets. Systems can be characterized in an assortment of procedures which depend on the intention and the data to be communicated. An example of this is in figure below which portrays the overlap amongst three systems which persuade the preparation of science education. This kind of illustration is a cue that actions done in sole system have insinuations not only in science education but then again for other systems too (see â€Å"Science Education System Standards†. http://www.nap.edu/readingroom/books/nses/8.html). The overlap of three systems which persuade science education Organization of performance amongst the systems can work for as a strong and influential force for alteration. But then, if performances are at cross intentions, their results and influences can be refuted and invalidated and make waste and conflict. The overlap in the figure above demonstrates that everyday pursuits of science classrooms are persuaded and manipulated indirectly and directly through several organizations that are themselves systems. National organizations and societies, private sector special- interest groups and government agencies at the local, regional, state, and national levels are three amongst many. Organizations have senior manager officer and administering body that eventually are accountable for the activities of the organizations and persuade on science education. The sovereignty of government organizations to persuade classroom science originates from two sources and these are the: (1) legislative, judicial authority or constitutional, and (2) economic and political act.   Since education is not precisely brought up as a federal power in United States Constitution, authority intended for education exists in states or regional. Federal dollars might be sought out for precise usages but since dollars move through state organizations to local regions, their usage is lay open to alteration to meet up the state purposes. State education agencies usually have more unswerving effect on science classroom pursuits compared with federal organizations. The science education is also considered as a network to make easy thinking which concerns the system’s several interacting modules. Science education system’s components aid an assortment of purposes which persuade the classroom’s practice of science education. The functions usually made the decision at the state-but there are times that the local will do- level comprises the substance of the school science course, the traits and qualities of the science program, the character of science teaching, and evaluation practices (see â€Å"Science Education System Standards†. http://www.nap.edu/readingroom/books/nses/8.html) Several distinct organizations and trustworthy individuals interrelate. The illustration below portrays in what way is each individual and every agency from distinct systems interrelates in the groundwork, certification and science teachers’ employment. Science education system’s components which have a main influence on teacher’s certificate match in four classifications and these are: (1) professional societies like the American Association of Physics, American Geological Institute, National Science Teachers Association,   National Association of Biology Teachers and American Chemical Society; (2) program-accrediting agencies like the National Council for Accreditation of Teacher Education which confirms teacher educations programs and National Board for Professional Teaching Standards which confirms teachers; (3) higher education’s organizations functioning within and cross state, local levels and national. Professional societies normally are not supposed of as accrediting agencies but rather their membership criterions explain what a professional is. The illustration below was taken from â€Å"science Education System Standards†. http://www.nap.edu/readingroom/books/nses/8.html. A research study published in February 2005 entitled â€Å"the Impact of the State Higher Education System on the Texas Economy† and written by Carole Keeton Strayhorn explained that â€Å"Higher education has an important impact or effect on the Texas’ economy, increasing the Texas economic engine with 33.2 billion USD each year. Seeing that the system obtains just about 6 billion USD yearly in the state general revenue and regional property tariffs, each dollar capitalize in the higher education system of the state finally returns 5.50 USD to the Texas economy. This is an extraordinary and notable return, even for all-or-nothing technology instigation. But then, when it comes to the Texas higher education system, the risk factors are much higher. In favor of, the investors in Texas are capitalizing in the most significant business enterprise for the preparation of the young Texans’ future. With this fundamental role, state higher education funding is bringing up the rear ground to other state service industries. After regulating for inflation, expenditure on public protection and alterations increased 223 percent in the previous 15 years at the same time as real higher education spending increased only 44 percent throughout the same span of time. This study of Carole Keeton Strayton scrutinizes the economic impact of higher education by two extensive avenues. The initial and most direct impact is the supplementary sales, profits and service made by external dollars being brought into the Texas economy. The second is the long-term function higher education participates in escalating the capacity of the economy of the state by a more well-informed and beneficial work force. Her research presented that $3.1 billion in yearly student, investigation and health care-correlated higher education spending from out-of-state possessions is spent and re-spent by the Texas consumers and businesses every year to sum up $10.1 billion in economic amount produced. Furthermore, the Texas higher education system frequently links with the private sector to make occupations and enhance the Texans’ quality of life. Seeing together the profits and productivity-based methods, the Texas higher education system finally increases and multiplies the productivity capacity of the Texas economy having the average of 23.1 billion USD every year. Adding together the â€Å"supply-side† of profit to the $10.1 billion impacts from out-of-sate spending take along the sum total impact of the higher education system on the economy of Texas to 33.2 billion USD every year. The contribution of higher education to the Texas economy is considerable and significant than to other businesses. In reality, the totality of three years of the economic impact of the higher education exceeds Texas’ 72 billion USD gas and oil business or 62 billion USD high machinery and equipment business. Eventually, a few of higher education victories demonstrate the function of higher education in expanding and intensifying occupations and the eminence of life in every Texan individual (see Strayhorn, C. K. â€Å"The Impact of the State Higher Education System on the Texas Economy†. February 2005. http://www.window.state.tx.us/specialrpt/highered05/). In addition, the Texas higher education system comprises of 145 private and public colleges, health-related organizations and teaching centers and universities, comprising 44 private organizations and 101 state-supported. The admission every in university and college in Texas in 2004’s fall was about 1.2 million and was anticipated to range at least 1.3 million students in 2015. Texas, as one of the most populated states, the students depend heavily upon public instead of the private higher education organizations. As stated by the Texas Higher Education Coordinating Board, greater than 90 percent or about 1,064,620 students are admitted at its publicly-funded organizations which comprise universities (483,645), 57 community colleges and other two-year organizations (565,839), 35 and nine public health-related organizations (15,136).   The Texas’ public higher education is funded by a mixture of student fees, tuition, clinic and hospital revenue and other local endowments (see Strayhorn, C. K. â€Å"The Impact of the State Higher Education System on the Texas Economy†. February 2005. http://www.window.state.tx.us/specialrpt/highered05). References 1. â€Å"Education†. Wikipedia, the free encyclopedia. August 25, 2006.   http://en.wikipedia.org/wiki/Education 2. Meadowcroft, B. â€Å"The Impact of Information technology on work and society†. http://www.benmeadowcroft.com/reports/impact/ 3. Galston, William. â€Å"Creating Vibrant Spaces for Civil Society Organizations on the Internet after E-Commerce†. http://www.independentsector.org/PDFs/factfind4.pdf. 4. â€Å"Education and Economic development† http://www.cisco.com/web/about/ac227/ac111/cisco_and_society/education_and_economic_development.html 5. â€Å"Science Education System Standards†. http://www.nap.edu/readingroom/books/nses/8.html 6.   Strayhorn, C. K. â€Å"The Impact of the State Higher Education System on the Texas Economy†. February 2005. http://www.window.state.tx.us/specialrpt/highered05 How to cite Development of the Education System and Society, Papers

Contemporary Accounting Issues Wesfarmers & Woolworths Limited

Question: Discuss about the Contemporary Accounting Issues for Wesfarmers Limited and Woolworths Limited. Answer: Introduction This study deals with contemporary accounting issues in recent world. In this particular assignment, two companies are selected named as Wesfarmers Limited and Woolworths Limited. Both the companies are listed in Australian Stock Exchange. Wesfarmers Limited is one of the listed companies in Australia (Wesfarmers.com.au. 2016). This particular business organization uses diverse operations cover in areas such as supermarkets, home improvements as well as department stores and industry products. Wesfarmers operates from more than 4000 discrete locations in and across Australia and New Zealand. On the other hand, Woolworths Limited is one of the Australian companies in retail sector in and across Australia and New Zealand (Woolworthslimited.com.au. 2015). It is considered as second largest company keeping revenue into consideration. This particular assignment covers main topic that complies conceptual framework as well as AASB Standards. Analysis Annual reports in compliance with conceptual framework and AASB Standard requirements Wesfarmers Limited complies with AASB and conceptual framework. Wesfarmers Limited remains consistent with the approach in response to IASB exposure draft (Wesfarmers.com.au. 2016). Wesfarmers Limited models 2013 Exposure Draft shown in the financial statements as well as implemented on business systems and reporting. Wesfarmers appreciates for receiving invitation for participating for IASB outreach program on lease projects in the year 2012. On the contrary, Woolworths Limited mainly renders opportunity in discussing the concerns especially from the initial comment letter (Weil, Schipper and Francis 2013). The comment letter highlights property leases for lessees as per the proposed leasing standard. This organization treated all leases in form of financing alternatives coming as economic reality. Woolworths Limited maintains IAS 17 mainly because of on-balance-sheet recognition of leases for consistent accounting treatment (Woolworthslimited.com.au. 2015). It mainly treats economic implications for similar arrangement like long-term supply arrangements as well as service contracts. Conceptual framework revision including Prudence for addressing disparity in Corporate Reporting Introduction of prudence and reliability in conceptual framework mainly helps in addressing disparity in corporate reporting in variety of ways (Wesfarmers.com.au. 2016). Most of the options address disparities with the help of accountability as well as fair representation of financial statements (Woolworthslimited.com.au. 2015). This particular strategy helps for increasing the simplicity of financial statements as well as improving the understandability by the potential users. Disparities in annual reports are main cause behind the issues of accountability as well as fair presentation of financial statements (Pratt 2013). It is presented in regard with requirements of AASB Standards as well as IASB through IFRS. However, introduction of prudence as well as reliability in conceptual framework mainly aims at ensuring reliability of financial information. This improves users information as well as has ability in deriving conclusions from the reports in aiding final decision-making process. Addition to that, prudence in financial statements ensuring that there is fair presentation of financial information regarding the company (Horngren et al. 2013). It mainly reflects true as well as fair view of financial positions and operations for a given period. Finally, it assists in corporate reporting as well as governance for Wesfarmers Limited and Woolworths Limited. Compare and contrast from the annual reports of Wesfarmers Limited and Woolworths Limited Excluding asset sales, Wesfarmers mainly lifted profit at a rate of 6.1% in the financial year 2014 at $2.39 billion. Cole pre-tax earnings arrive at $167 billion (Wesfarmers.com.au. 2016). On the other hand, Australia revenue considered as the second-largest supermarket rising to 4.5% to $37.4 billion. Office works earnings come at 10.8% to $ 103 million. Kmart profit arrives at 6.4% ranging with $ 366 million (Horngren et al. 2012). As far as Woolworths is concerned, group sales arrives at 4.7% ranging to $60.8 billion as well as net profit at 8.5%. Rise in normalized earnings especially from food, liquor as well as petrol operations. Liquor sales rise to 4.6% ranging to $7.4 billion. Hotels deliver at $1.47 billion in the given financial year (Henderson et al. 2015). Wesfarmers has shaded Woolworths considers as an investment in recent years. In accordance with Stock Doctor Database, Wesfarmers generates total return involves capital gains plus dividends. It arrives at 15.8% in past 12 months. From the past three years, it is observed that Wesfarmers delivered 20% a year for more than 5 years (Harrison et al. 2014). Woolworths Limited is the 12-month return generated from 6.8% for five-year financial year. By comparing Wesfarmers Limited and Woolworths Limited, share prices of Woolworths Limited slumps at 23% and shares and latter manages to limit their losses less than 2% (Woolworthslimited.com.au. 2015). Identification of disclosures of Wesfarmers Limited and Woolworths Limited It conducted ways in accordance with AASB and IASB requirements on accounting in case of expenses. Both Wesfarmers Limited and Woolworths Limited make the disclosures of Executive Compensation as well as employee benefits at the same time. As far as AASB is concerned, it requires listed companies in Australian Stock Exchange for disclosing all employee benefits as well as executive compensation plans per year (Graff 2015). This mainly aims at improving in the major aspects of corporate governance in Wesfarmers Limited and Woolworths Limited. From major disclosures, companies improve in integrity as well as accountability in business operations for improving in the overall performance (Wesfarmers.com.au. 2016). This paragraph explains Conceptual Framework stating the main purpose of annual reports. It provides users for using such reports for gaining information for final decision-making process. Cooperate disclosures in according with AASB and IASB entailing management disclosures as well as financial statements (Edwards 2013). It aims at presenting financial information for the companies. As per the requirement by AASB and IASB, financial statements require support from notes o accounts. This particular notes to the accounts aims at offering descriptions to accounts providing information to financial statements. Main notes to the accounts helps users regarding accounts for understanding the financial information in the most appropriate way (Wesfarmers.com.au. 2016). Remuneration report Executive compensation in both the companies (Wesfarmers Limited and Woolworths Limited) is conducted with the help of share plans, incentives, bonus payments as well as salaries rewarded for services offered to companies for given financial period (Wesfarmers.com.au. 2016). There mainly exists remuneration committee setting compensation packages for employees (Deegan 2013). Corporate governance mainly requires companies in disclosing amount that the employees compensated for services offering to firm. Remuneration policies of both the companies include structure for senior executives based upon key principles. This means attracting as well as retaining best people for job. It positions in giving fixed remuneration for the market median from top-level Executives. It is one of the significant portion presented in the executive remuneration resulted as satisfactory return to shareholders for future analysis purpose. Inventory Particulars Wesfarmers Limited Woolworths Limited 2014 (AUD Million) 2015 (AUD Million) 2014 (AUD Million) 2015 (AUD Million) Inventories 5336 5497 4693 4872 Table: Inventories of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) Graph: Inventories of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) From the above table and graph, it highlights inventories of Wesfarmers Limited and Woolworths Limited for the year 2014 and 2015 (Wesfarmers.com.au. 2016). Wesfarmers Limited has more inventories in comparison with Woolworths Limited for given study (Deegan 2012). This means that Wesfarmers can easily manage with the inventories within the stipulated time. Accounts Receivable Particulars Wesfarmers Woolworths 2014 (AUD Million) 2015 (AUD Million) 2014 (AUD Million) 2015 (AUD Million) Account Receivables 1584 1463 617 584 Table: Accounts Receivable of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) Graph: Accounts Receivable of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) From the annual report, it is easy to view at the accounts receivable of Wesfarmers Limited and Woolworths Limited for the year 2014 and 2015. Wesfarmers Limited has higher accounts receivable in comparison with Woolworths Limited (Deegan and Ward 2013). This means that Wesfarmers Limited has access towards maintaining short-term obligations in the most appropriate way (Wesfarmers.com.au. 2016). PPE (Property, Plant and Equipment) Particulars Wesfarmers Woolworths 2014 (AUD Million) 2015 (AUD Million) 2014 (AUD Million) 2015 (AUD Million) Property, plant and equipment -6066 -6913 -9415 -10254 Table: Property, Plant and Equipment of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) Graph: Property, Plant and Equipment of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) The above graph indicates the fixed assets such as Plant, Property and Equipment for the company named as Wesfarmers Limited and Woolworths Limited for the year 2014 and 2015 (Woolworthslimited.com.au. 2015). Both the companies have negative PPE intangible that means these companies requires acquisition of fixed assets in the upcoming financial year (Bevis 2013). Liability Particulars Wesfarmers Woolworths 2014 (AUD Million) 2015 (AUD Million) 2014 (AUD Million) 2015 (AUD Million) Total Liabilities 13740 15621 13953 14503 Table: Total Liabilities of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) Graph: Total Liabilities of Wesfarmers Limited and Woolworths Limited (Source: Created by Author) Total Liabilities of Wesfarmers Limited and Woolworths Limited had been demonstrated with the help of tables and graphs in the year 2014 and 2015 (Woolworthslimited.com.au. 2015). This means that Wesfarmers Limited has less liabilities implying favorable condition for business organization. Lease In case of Wesfarmers Limited, 15-year lease to Wesfarmers subsidiary for options. Wesfarmers Limited turnover at $ 62.4 billion in the year 2015 Woolworth Limited has 12-year lease towards options for attainment of future goals and objectives (Woolworthslimited.com.au. 2015). Taxation Wesfarmers Limited follows log-term incentive metric (Wesfarmers.com.au. 2016). On the contrary, Woolworths Limited redesigns increase in level of transparency as far as possible (Woolworthslimited.com.au. 2015). Transfer Pricing Figure: Change in stock prices in Wesfarmers Limited (Source: Beatty and Liao 2014) From the above stock price chart, it is evident that changes arrives at 0.49% and priced at $42.27 (Wesfarmers.com.au. 2016). Figure: Change in stock prices in Woolworths Limited (Source: Barth 2015) From the above stock price chart, it is evident that changes arrives at 0.43% and priced at $23.10 (Woolworthslimited.com.au. 2015). Conclusion and Recommendations At the end of the study, it is easy to understand the fact that Wesfarmers Limited and Woolworths Limited based in Australia. Proper emphasis has been taken to conduct detailed Executive remuneration within the stipulated time. Entire study explains regarding Director Remuneration report in both the companies named as Wesfarmers Limited and Woolworths Limited. It is recommended to Woolworths Limited in managing inventory in the most appropriate way. Wesfarmers Limited and Woolworths Limited requires asset acquisition by purchasing assets that are more fixed in the near future. Annual reports signify the basis of financial accounting reports and qualitative characteristic of financial reporting for future analysis purpose. It briefly investigates regarding the remuneration concepts based on basic pay and incentive earned by following Executive Directors. Reference List Barth, M.E., 2015. Financial Accounting Research, Practice, and Financial Accountability. Abacus, 51(4), pp.499-510. Beatty, A. and Liao, S., 2014. Financial accounting in the banking industry: A review of the empirical literature. Journal of Accounting and Economics, 58(2), pp.339-383 Bevis, H.W., 2013. 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