That Newfangled Technology Essay Example

That Newfangled Technology Paper Set Phasers on Stun Case 14: That Newfangled Technology Summary: On the morning of September 8, 1923, Lieutenant Commander Donald T. Tracker was doled out to answerable for driving fourteen destroyers of Destroyer Squadron 11 to leave from San Francisco to San Diego. They were getting back after an accompanying Battle Division 4 from Puget Sound to San Francisco. Around then, the Destroyer Squadron involved with driving lead that instructed by Captain Hunter, USS Delphy (DD-261) and followed by; the four boats of Destroyer Division 33, USS S. P. Lee (DD-310), USS Young (DD-312), USS Woodbury (DD-309), and USS Nicholas (DD-311); the five boats from Destroyer Division 31, USS Farragut (DD-300), USS Fuller (DD-297), USS Percival (DD-298), USS Somers (DD-301), and USS Chauncey (DD-296); and four boats from Destroyer Division 32, USS Kennedy (DD-306), USS Paul Hamilton (DD-307), USS Stoddert (DD-302), and USS Thomson (DD-305). The warships directed strategic apparatuses and weaponry practices on the way, including a serious speed run of 20 bunches. Later in the day, as climate intensified, the boats framed up a segment on the group chief â€Å"Delphy†. That night, around 2000 hours (8:00 p. . ), the main lead communicate a mistaken report, in light of an inappropriately deciphered radio compass bearing, demonstrating the groups position around nine miles off Point Arguello. About an hour later, the destroyers went east to enter what was believed to be the Santa Barbara Channel, however it couldn't be seen attributable to t he thick mist. Tragically, because of a mix of unusually solid flows and navigational smugness, it drove the group onto the stones seaward point and tough region of San Miguel Island, close Honda Point. Soon after turning, Delphy struck the stones at 2105 (9:05 p. m. ), furrowing aground at 20 bunches. We will compose a custom paper test on That Newfangled Technology explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on That Newfangled Technology explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on That Newfangled Technology explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer More than more regrettable, Delphy was trailed by S. P. Lee, which hit and swung broadside against the feigns. Youthful accumulated contiguous Delphy and inverted, catching huge numbers of her fire and motor room team beneath. While Woodbury, Nicholas, and Fuller struck reefs and steered into the rocks seaward, Chauncey ran in close on board Young. Be that as it may, the caution alarms eased back Somers and Farragut enough, so they simply ignited ground before sponsorship to more profound water while the five different destroyers stayed away totally. Albeit substantial beating surf broke over the seven abandoned destroyers, in the end breaking the Delphy into two sections. Several thousands gallons of fuel oil from seven boats spilled into the smashing waves, carbide bombs were detonated when they interacted with the water, and various flames started on the boats and on the outside of the ocean. At long last, 23 men kicked the bucket in the guaranteeing endeavors to relinquish the boats and make it to shore in the murkiness and overwhelming surf. Around 450 survivors from the seven warships advanced gradually to the limited and rough sea shore underneath the bluff during the hour that followed. S. P. Lee S. P. Lee Fuller Woodbury Chauncey Delphy Young Nicholas What Went Wrong: It later flipped off to the light that the Squadron was really a few miles north and further east, however Captain Hunter had doubted the precision of a Point Arguello radio sign. Following the turn, Point Arguello was dead ahead, and far off just around two nautical miles. The Point Arguello light may have been covered up by the haze. Be that as it may, did Captain Hunter issue a request to change obviously of 95â ° left turn, or did he request his boats to go to a direction of 95â ° attractive? Extra Factors: Communication between Captain Hunter and Radioman Falls: The correspondence between Captain Hunter and the radioman was misjudged. The radioman would report an inappropriate direction, when the complementary bearing ought to have been accounted for. Had the right heading been accounted for from the earliest starting point, the boat wouldn’t have slammed. â€Å"Newfangled Technology† Feedback: The mixed up â€Å"error† demonstrated that Captain Hunter can't generally depend on his solid confidence and that even a gifted mathematician commits errors; and that it’s worthy to depend on innovation. There was no criticism offered back to Captain Hunter to state its’ thinking behind the bearing that was being accounted for to him. Additionally, there was no criticism given to challenge Captain Hunter’s routes. In the event that more criticism was given, it could have been detected that route was off course. Proceeded with utilization of â€Å"That Newfangled Technology†: After the occurrence of being accounted for an inappropriate direction, Captain Hunter despite everything kept on utilizing the route by radio bearing. It was expected as an innocent mix-up. It wasn’t until after the accident that Captain Hunter understood that the radioman was giving him the right course from the earliest starting point. This could have been forestalled if the framework would have been checked after the main wrong bearing, to perceive what the thinking behind such a mistake was; rather than proceeding on the excursion. More Information: According to an article by Noah Andre Trudeau, â€Å"California Naval History †Point Honda: A Naval Tragedy’s Chain of Errors†, a lean spending plan and doubt of new innovation added to a maritime disaster at Honda Point, California (Trudeau, 2012). Speed was the basic statement of faith of the ahead of schedule to mid-twentieth century destroyer driver. Assurance and fearlessness was a style of order in which those characteristics could accomplish the inconceivable while in peacetime similar ascribes added to one of the U. S. Navy’s most huge catastrophes (Trudeau, 2012). The 18 boats were intended to go along the California coast to San Diego, with their two powerful and low controlled turbines, four tall slender channels and a book speed beat at 32 bunches. Because of the after war spending reductions, they were working at 20-30% beneath full supplement. Albeit a ton of live were lost during this disaster, all the fault wasn’t on Captain Hunter. Everybody had an influence, from, Watson’s obsession with making a record 20-hitch entry alongside his inability to direct the route, Blodgett’s failure to communicate his interests, and the quietness of the other group officials. Vulnerabilities encompass the new innovation, surprising climate conditions and minor gear issues likewise had an impact (Trudeau, 2012). Exercise Learned: This case outlined the significance of human blunder and testing all new innovation before use. Albeit all issues in the innovation may not be immediately found testing all perspectives is basic. It is found out that in spite of the fact that you might be capable in an ability and have material experience, botches despite everything occur. The individuals with extraordinary expertise and force, similar to Lieutenant Commander Donald T. Tracker, are as yet error prone as people. In spite of having a completely working innovation framework to explore, it shouldn’t totally be subject to. Rather, the two should help one another, human insight and newly discovered innovation. Extra Reference: Trudeau, N. A. (2012, March 2). California Naval History-Point Honda: A Naval Tragedys Chain of Errors. Recovered October 29, 2012, from The California State Military Museum: A United States Army Museum Activity: Preserving Californias Military Heritage: http://www. militarymuseum. organization/PtHonda. html

Economics Paper Essay Example for Free

Financial aspects Paper Essay 1: Define the term ‘equilibrium price’: The cost at which amount requested by buyers and the amount of products and enterprises provided by firms is the equivalent. 3: With the assistance of a suitable graph and the data in separate B, clarify why the world cost of sugar changed in 2009: The cost of sugar rose to $0.40 per kilo in 2009 this is appeared in the concentrate as it expresses that in 2009 costs in New York and London rose by 52% to its most noteworthy in right around three years. The graph underneath shows how the internal move of flexibly brought about by poor yield harvests and India’s %40 fall in yield of sugar influenced the cost of sugar because of its shortage, prompting the %52 ascend in cost of sugar. Another factor that could have affected the cost of sugar would have been in 2008 there were poor yield gathers that year †this prompted a low degree of flexibly in 2008 which raised the cost of sugar because of its shortage. This poor collect would have had something to do with the land quality â€this may have influenced the reap in 2009. Flexibly imperatives additionally had an impact, as due overwhelming precipitation the Columbian harvest was harmed †the downpour likewise washed away a portion of the streets used to move the items from the field to the market. So whatever crop the ranchers figured out how to spare from the downpour was then kept from arriving at advertise, this would have added to the value ascend in a manner like the outline above. India is a fundamental maker of sugar, to such an extent that its sugar yield is a basic factor in deciding the world cost of sugar. India’s yield was estimate to fall by %40 so just 15million huge amounts of sugar would have been delivered in the developing season †this is well underneath India’s sugar utilization of 23million tons a year. This would imply that India wouldn’t be slanted to send out a lot of its sugar as there’s effectively a shortfall of gracefully in its own nation. Despite the fact that, with this huge fall in flexibly there’ll doubtlessly be an ascent in sugar cost in India †the individuals may not be willing or ready to address the new cost so whatever measure of sugar is extra could be sent out, at a value which would prompt the %52 ascend in London and New York sugar costs.

Greek Mythology Essay

Odysseus was viewed as the embodiment of what a Greek man ought to endeavor to be. He was a valiant and sharp warrior who earned arete through his accomplishments during the Trojan War. The antiquated Achaean male displayed themselves after extraordinary men like Odysseus, yet the genuine inquiry is who do Greek lady model themselves after. Clytemnestra’s predicament and inevitable demise is an ideal case of how hitched ladies were relied upon act contrasted with wedded men. Likewise, ladies like Penelope in The Odyssey were condemned for being untruthful, yet men like Odysseus were applauded for remarkable shrewd in a similar epic sonnet. Calypso is a goddess who knows about these twofold norms and makes an expressive supplication to the divine forces of Olympus, however her discourse fails to attract anyone's attention. Basically Ancient Greek culture had amazing sexual orientation imbalances that prompted females being restricted to the impulses of guys. Numerous stories show how diversely wedded ladies were relied upon to act contrasted with men. When King Agamemnon left from Mycenae to attack Troy he deceived his significant other, Clytemnestra, into relinquishing their little girl to the divine beings. During the ten years Agamemnon was gone Clytemnestra plotted with her darling, Aegisthus, retribution. When King Agamemnon returned, he was killed by the team, yet the divine beings esteemed this demonstration inadmissible. In the event that Clytemnestra were a man the story would have no doubt finished here. In any case, Apollo and Athena concealed Orestes until he was old enough and persuaded that he ought to follow with the most noticeably awful wrongdoing any Greek would ever submit, matricide. After the killing his mom, Orestes was spooky by the Furies (who were known for seeking after especially deplorable lawbreakers and getting vengeance, Chiekova, 10/23) until almost capitulating to frenzy. In the long run Orestes was given preliminary, and Athena’s choosing vote canceled his loathsome deed. A lady taking a sweetheart was offensive in Achaean culture, and a ladies executing her better half just incomprehensible. Ladies were seen as articles than could be had or exchanged like Helen of Troy was, thus Clytemnestra should have been rebuffed. Then again wedded men like Zeus had many issues (counting misdirecting Clytemnestra’s mother Leda by showing up as a swan Chiekova, 10/23) while Hera stayed dedicated to him. The story of Aphrodite and Hephaestus is another prime model, where Aphrodite was disgraced before all the divine beings for laying with Ares. The instances of comparable legends can be recorded endlessly, however basically Greek ladies had to be steadfast and faithful while the men took whatever sweethearts they so wanted. Another case of sexual orientation imbalances in old Greek Culture can be seen in Penelope’s tribulations with the admirers. As Odysseus left for the Trojan War and didn't come back with Nestor and Menelaus, some accepted he was dead. Under the guise of seeking Penelope, the admirers continue to go through their days at Odysseus house and devouring the domesticated animals. They slighted and manhandled the customary host-explorer relationship yet still Penelope was left to be the foe (Chiekova, 10/26). On the off chance that she consented to wed an admirer, she would disrespect Odysseus however the more she didn't pick an admirer the more harm they caused. In Richmond Lattimore’s interpretation of The Odyssey the admirers obnoxiously assault Penelope, â€Å"For she holds out extraordinary would like to all, and makes vows to each man, sending us messages yet her psyche has different goals. What's more, here will be here is another trick of her heart’s concocting (The Odyssey, Book 2, page 41, lines 90-93). † The admirer proceeds to portray her cunning; Penelope proclaims she will wed an admirer once she wrapped up a memorial service will, however consistently she would subtly un-wind the strings, adequately slowing down the admirers. These admirers guarantee that Penelope is being impolite for not picking one of them to wed and call her a liar for apparently driving them on yet failing to choose a man. In a similar epic sonnet praised Odysseus for outmaneuvering and getting away from the Cyclops, avoiding the alarms, and in the long run executing the admirers. Both Odysseus and Penelope were unimaginably clever but since of Achaean twofold guidelines, Penelope was depicted as a liar (in any event to the admirers) and Odysseus a saint. Calypso is by all accounts the main individual mindful of, or possibly worried about the abuse of Greek ladies. At the point when Odysseus retells his time went through with Calypso, he modifies the story to give the observation that he was held detainee and moaned about each second on the island. Notwithstanding, Homer gives knowledge of how Odysseus really felt and composes, â€Å"the fairy was no longerâ pleasing to him, (The Odyssey, Book 9, page 92, line 150). † This announcement infers that sooner or later Odysseus enjoyed himself with the goddess on the island, yet has gotten exhausted with her. Following seven years Odysseus at long last concludes that he should get back, yet Calypso demands that he should remain and appreciate the excess of interminability with her. This is against the goals of Homeric Greek ladies as she shows a prevailing and manipulative side, which compromises male incomparability. In the long run Zeus sends Hermes as a delivery person to order Calypso to permit Odysseus to get back. Calypso fights back by making an enthusiastic supplication, â€Å" You are remorseless, you divine beings, and envious past all animals close to, when you are angry toward the goddesses for resting transparently with so much men as every ha made her actual spouse, (The Odyssey, Book 9, page 91, lines 118-120). † Calypso keeps on giving three instances of past goddesses being chastised for taking a sweetheart, at the end of the day her discourse sits idle. She is compelled to yield Odysseus or hazard infuriating the all powerful Zeus. Calypso typified the battle of Homeric ladies and requests with the divine beings to see the twofold standard Greek culture forced. Eventually she is seen as an object of physical joy and should respect Zeus and Odysseus’s wishes, further defaming ladies as being mediocre. Dissecting Homeric culture through the perspective of a lady gives a distinct difference to the life of a man. Ladies were oppressed to the orders of men, with practically zero individual flexibility. The females who broke the way of life shape, followed through on the cost. Clytemnestra in the long run was killed by her own child for getting vengeance on her beguiling spouse, Penelope was mocked for utilizing insight to explore her way through a troublesome circumstance, and Calypso was tormented into surrendering the man she adored. At last Achaean ladies were intended to be objects of want that exist to fulfill men and the Homeric legends just engendered this thought. Works Cited Chiekova, Professor â€Å"Introduction to Greek Mythology† Lecture. Euphoria Hall. Ewing. 10/23, 10/26, . Oral. Lattimore, Richmond, trans. The Odyssey. New York: Harper and Row Books, 1967.

Religion and Theology Does Gay Marriage Harm Anyone - 2200 Words

Religion and Theology: Does Gay Marriage Harm Anyone? (Essay Sample) Content: Sample EssayDoes gay marriage harm anyone?Institutional Affiliation:Professor:Date:I believe gay marriage does not only harm the partners but also people who are close to them. A marriage practice between individuals of similar sex is called gay marriage. They usually exchange vows in maintaining their marital union. Individuals who engage in gay marriage have high risks in suffering from both health and psychological problems. Individuals in same-sex marriage suffer health-related issues such as high exposure to several diseases and mental problems due to promiscuity and depression. Gay marriage is not natural in any way; therefore, exposing the partners involved to temptation into promiscuity. Sexual intercourse is logical and satisfying between individual of opposite sex. However, when gay marriage partners engage in sexual activities, they are likely to obtain the much-desired satisfaction. They will ultimately seek the comfort from opposite sex outside their marr iage. Partner cheated on may incur psychological harm from such act of betrayal.Gay marriage causes health-related harm to such partners because they are highly exposed. Sexual intercourse between gay partners attracts injuries due to its unnatural nature. The injuries expose the partners to sexually transmitted diseases such as syphilis, gonorrhoea, and HIV/AIDS (Gaines Garand, 2010). Recent research studies reveal that LGBT individuals exhibit lower tolerance to sexually transmitted diseases compared to their heterosexual counterparts.Depression is an example of psychological harm which affects most individuals engaged in gay marriage. However, it is not only the partners in a gay marriage who undergo depression from such acts but also their close relations. Family members, friends, and even society members may experience depression when one of their own decision to participate in a gay marriage. In most cultures and traditions, gay marriage is prohibited therefore considered a t aboo (Gaines Garand, 2010). It also leads to lack generation progression. Participation in such a marriage is a violation of the values and norms of the society and attracts alienation. When the people involved in gay marriage are disowned and excommunicated from the community, them alongside their close family members risk suffering from depression (Eskridge Spedale, 2006).Gay marriage partners usually experience reduced lifespan due to associated lifestyle conditions. According to scholars, sexual intercourse between members of opposite sex has several health advantages amongst them the reduced risk to lifestyle health problems such as breast and prostate cancer. Laboratory experiments on sperms released during same-sex intercourse are different from opposite-sex sex. Gay and Lesbian Medical Association which comprise of individuals in gay relationships carried out a research experiment to health risks associated with gay ties (Gaines &am...

Racism, Discrimination, And Sex Education Essay - 2037 Words

Educate Your Children about Homosexuality Growing up in middle school and high school there is education on racism, discrimination, and sex education. Truth is homosexuality is one of the issues that lack education with children. Usually when teenagers become high school students, they see it and are already aware because there are same sex couples in high school. Seven years ago in high school, a couple kept a secret about their relationship because they did not know how others would react, and they still wanted respect by their fellow classmates. It is a lot different now. More teenagers are comfortable with their sexuality in high school because it is reality. People are more comfortable expressing themselves and letting everyone see that this what they are into. What happens when the younger generation lacks knowledge about homosexuality and then exposed to it? How would they react in public? Kids not knowing any better can say some rude things. There should be education on homos exuality just as much for racism and discrimination, so kids can learn to respect those who prefer to be homosexual. At work, there is a woman named Izz, who is married to another woman and are in a very happy relationship. They have five kids total from previous relationships and they age from seven to fifth teen. Their kids are well aware of what homosexuality is because they grew up around it. That has not changed their perspective on who they want to date. The teenage girl still datesShow MoreRelatedRacism Is A Social Problem1735 Words   |  7 PagesRacism is a social problem that cannot be ignored to this day in American societies. Race is a group of people who have differences and similarities known to be biologically inherited. The race concept is used to describe how people think of others and treat other groups as they classify themselves by race. People don’t realize that there is an overlapping of sheared characteristics from different groups. Different races has led a social problem creating racism and discrimination which leads to inequalityRead MoreRacial Discrimination : The Act Of Making Or Perceiving A Difference1705 Words   |  7 PagesMerriam-Webster defines discrimination as, â€Å"the act of making or perceiving a difference† (Discrimination, 2017.) Does your skin color impact the quality of your work or the fortitude your resolve? It may seem that the answer to that question is quite clear, nonetheless, 32,309 cases of race/color discrimination were reported in fascial year 2016 (EEOC, 2017.) Prejudice and discrimination are often mistaken for one another, however, prejudice is the negative attitude toward a category of peopleRead MoreAn Ideal Society Essay1687 Words   |  7 Pagesanother, rather it is through racism, sexism, or classicism. 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Earnings Management, in Exchange Listed Companies, Is Not...

INTERNATIONAL UNIVERSITY COLLEGE Sofia â€Å"Earnings management, in exchange listed companies, is not fraud but a case of caveat emptor for investors† Coursework in BUSINESS FINANCIAL CRIME Student registration No: 479866 Program: International Finance and Trade, Level 2 Lecturer: A. Paparizov â€Å"Earnings management, in exchange listed companies, is not fraud but a case of caveat emptor for investors† With the development of the stock markets and the huge grow in the volume of money traded in them, over the past 20 years a rising attention has been aimed at towards the importance of truthful and fair accounting. The real interest in how companies chase their financial reporting has developed in the wake of a multitude of large†¦show more content†¦We already mentioned that earning management happens in the world and is very common practice nowadays, not only in big worldwide corporations, but also in not so big national companies looking for high accounting numbers, that will help them reach additional bank loans easily. But, is the earning management policy practiced by the firms, affects the stock prices and investors decisions. The investment or in other words â€Å"speculation† decisions most of the times depend on expectations of the future movement of the specific stock. In other words, the majority of non professional investors or speculators decide to b uy or sell a certain stock on basis on their expectation rather than what is stated in most of books, â€Å"what they are ready to pay for it, based on their â€Å"sophisticated† analysis†. For example, if investors see that a company X has reported a 20% growth this year, or became number one in a specific sector, then the investors presentiment became bullish, creating a good environment for a significant growth due to speculators expectation. For example let us take the case of Enron – one of the biggest US companies in early 2000’s. Enron was leading company in electricity, communication, pulp, paper and natural gas sphere. In 2000 Enron Corporation reported nearly $101 billion. According to BBC site, â€Å" it was the first to realize energy and water could beShow MoreRelatedMba Solved Assignment Papers52670 Words   |  211 Pagesevents and environments what you want to gain by your research, the more effective and efficient you can be  in your research, the shorter the time it will take you and ultimately the less it will cost you. Manager’s role in research programs of  a company: Managing people is only a fraction of a manager s responsibility - they have to manage the operations of  the department,  and often  have responsibilities towards the  profitability  of  the organization. Knowledge of research can be very helpful  forRead MoreIca Gh Syslabus26672 Words   |  107 PagesPerformance Outcomes of Each Part PART 1 1.1 1.2 1.3 1.4 Financial Accounting Fundermentals Business Management Economics Management Information Systems PART 2 2.1 2.2 2.3 2.4 Quantitative Tools in Business Audit and Internal Review Business and Corporate Law Principles and Practice of Taxation PART 3 3.1 3.2 3.3 3.4 Financial Reporting Public Sector Accounting Cost and Management Accounting Financial Management PART 4 4.1 4.2 4.3 4.4 Advanced Financial Reporting Advanced Audit and Professional Ethics CorporateRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesCover Designer: Wanda Espana OB Poll Graphics: Electra Graphics Cover Art: honey comb and a bee working / Shutterstock / LilKar Sr. Media Project Manager, Editorial: Denise Vaughn Media Project Manager, Production: Lisa Rinaldi Full-Service Project Management: Christian Holdener, S4Carlisle Publishing Services Composition: S4Carlisle Publishing Services Printer/Binder: Courier/Kendallville Cover Printer: Courier/Kendalville Text Font: 10.5/12 ITC New Baskerville Std Credits and acknowledgments borrowed

Financial Reporting Disclosures for Property Plant- myassignmenthelp

Question: Discuss about theFinancial Reporting Disclosures for Property Plant. Answer: Synopsis Every company whether it is newly incorporated company or the older company, the financial results of the operations of the company is required to be presented. These results are presented in the financial statements of the company comprising of the statement of the comprehensive income and the statement of the balance sheet and the statement showing the cash inflows and the cash outflows. Through this report, the importance of the financial statements has been sighted majorly on one component only which is the Property plant and equipment. The company that has been selected for conducting of the business research is the Wesfarmers Limited. The report has been started describing the requirements and the importance of the general purpose financial reporting and the features that the conceptual framework of accounting possesses. Secondly, the requirements of the disclosure as made by the accounting standard on the property plant and equipment has been discussed and whether the company has complied with the same have been reported. Thirdly, the features of the useful information has been discussed in connection with the conceptual framework of accounting and lastly the analysis has been made in the critical manner and the report has been closed with the appropriate suggestion if any for improvement. General Purpose Financial Reporting And Conceptual Framework The concept of the general purpose financial reporting has been explained and described in the statement of concepts. Firstly, the general purpose financial reporting has been discussed. The statement of concepts number two has defined the general purpose financial report as the reports which has been made and made available for the users of the financial report in the situation where the user does not have control over the presentation and the preparation of the financial reports (AASB, 2001). The users of the financial reports includes the accounts receivable and the accounts payable, to whom the goods have been sold and from whom the goods have been purchased and etc. Secondly the term of the conceptual framework of accounting is dealt with the structure or the layout within which the financial reports of any company is developed and presented. This framework is consists of the layout as prepared in accordance with the Australian accounting standards, international financial reporting standards and the corporations act, 2001. The conceptual framework of accounting has been explained in the statement of concepts number eight. The main objective of having the conceptual framework of accounting is that the financial statements shall be prepared in such manner so that the uniformity shall be available across the globe in the preparation and the presentation of the financial statements. As per OB 1 of the statement of concept number eight the general purpose financial reports acts as the platform or the base on which the conceptual framework of accounting has been constructed and developed. The aims for having the general purpose financial reports in t he system has been detailed under the paragraph number beginning from the OB 1 and ending to OB 21. The main objective of having the general purpose financial reports is to provide the understanding to the users of the financial statements about the result of the company both in the meaning of the financial position and as well as in the meaning of the financial performance. The users then will be able to take the decision on an effective basis after analyzing the financial results of the company. The users decision will be in total based on the type of interest like customers will like to have the information as to whether goods shall be purchased from the particular vendor or not and the supplier will to have the information like whether it will be useful to sell the goods to the particular vendor and also even in case of the requirements of funding from the banks, the first step that the banks usually takes as to whether the company has the required creditworthiness and so on. The second main objective of the preparation of the general purpose financial reports is that to ascertain or estimate the cash inflows of the company that will be generated in the future. This is because only on the basis of the estimation and judgments applied by the management of the company in respect of the cash flows that will be generated in future, many investors wants to invest in the company and thus becomes the potential investor of the company as the same will help them in knowing whether the company will increase the wealth of their investment so made in the company or likely to be made in the company. Along with the objectives of the general purpose financial reports, there exists the features of the conceptual framework of accounting that has been listed and mentioned in the paragraph number beginning from QC 1 and ending with QC 39. It contains two basic features of the conceptual framework and these are the relevancy and second one is the faithful representation (AASB, 2010). Apart from these features, in order to enhance or increase the usefulness of the financial information, three more features have been prescribed and these are comparability, understandability and verifiability. These have been mentioned in QC 4 of the statement of concepts number eight. Disclosure Of Property Plant And Equipment The disclosure of the property plant and equipment shall be made in accordance with the Australian accounting standard number 116. For continuing the discussion, the company has been selected from the Australian stock exchange list which is Wesfarmers Limited. The company is into the business of having super market chains all over the Australia and New Zealand. In accordance with the seventy fourth paragraph of the relevant standard the company shall disclose the following in their financial statements (AASB, 2010): The accounting policy for the measurement of the asset both initially and subsequently. The basis for calculation of the cost of the asset and the net carrying amount The basis for calculation of the depreciation and the basis for choice of having the particular depreciation method The basis for estimation of the useful life of an asset The proper statement showing the reconciliation of the carrying amount and the net carrying amount for the period under consideration and for the period immediately before that period. After analyzing the note number seven of the annual report of the company, it has disclosed all the matters in the annual report of the company and have given the slab for the useful life of an asset like twenty to forty years for the different kinds of the plant and equipment and the proper statement reconciling the two years balances and thus showing the net carrying amount of ten thousand million dollars approximately (Company official Website, 2017). In this way the company is complying with the requirements of the accounting standards. Features Of Usful Financial Information The conceptual framework of accounting as per statement of concept number eight has prescribed that there is one fundamental feature which is known as the faithful representation. It includes within itself three concepts which are complete, free from error and neutral. All the three concepts have the role in establishing the faithful representation of the financial statements. In the given case, the company has mentioned all the things in the note number seven of the financial statements which indicates and establish that all the features are present therein as the information provided is totally complete and the auditors report has further clarified that the financial statements are error free and is not prepared on the basis of the personal bias or similar interest. The feature that further increased the usefulness of the financial information is that the financial statements has made the results easily understandable by any one and due to the application of the uniform accounting policies and the accounting standards that are globally acceptable, the company has facilitated the two other features which are comparability and the understandability. Financial Reporting Objectives The extent of the disclosures so made by the company in its annual report for the year ending 2017 is as per the requirements of the accounting standards and the accounting concepts. The information so provided by the company is not only meaningful but also very useful for the users of the financial statements to take the decision accordingly. As the general purpose financial reports targets the potential community of the customers, suppliers or investors, etc, the large benefit have been enjoyed by them. It is because the company in current situation is the competitor for the largest company Woolworths Limited and operates across the country of Australia and New Zealand. Thus, then objectives of the general purpose financial reports have been achieved in great manner. Conclusion The conceptual framework of accounting carries the fundamental features of the financial information and also the features that will enhance the usefulness of the information. On the other hand general purpose financial reports acts as the base on which the conceptual framework is developed. These two are the pillars which ensure the compliance with the provisions of the accounting standards, accounting concepts and the law of the governing state. The company Wesfarmers Limited has provided all the disclosures in accordance with the accounting standards and other related statutes. Apart from all the compliances, the company shall strive for improving the financial information quality so as to ensure the comparability across the globe. References AASB, (2001), Objectives of General Purpose Financial Reporting, available at https://www.aasb.gov.au/admin/file/content102/c3/SAC2_8-90_2001V.pdf accessed on 25/09/2017. AASB, (2010), Conceptual Framework, available at https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176157498129acceptedDisclaimer=true accessed on 25/09/2017. AASB, (2010), Property Plant and Equipment available at and https://www.aasb.gov.au/admin/file/content102/c3/AASB116_07-04_ERDRjun10_07-09.pdf accessed on 25/09/2017. Company official Website, (2017), Annual Report 2017 , available at www.wesfarmers.com.au/