Advantages and disadvantages of public and private companies

Advantages and disadvantages of public and private companies Public companies have the advantage over private companies in access to capital to grow the business. But private companies can react more quickly to challenges and opportunities without going through exhaustive decision making processes. Advantages and disadvantages of public companies. Public company is able to raise funds and capital through the sale of its securities it is important historically. To ease of raising capital public companies may issue their securities as compensation for those that provide services to the companies, such as their directors, officers and employees. The basic advantage of public facilities is that the tax paid by the people is used in developing facilities for the people who paid the taxes. Public companies are typically established fair market value in the stock exchange where it is determined by price of security and sold where security is traded. The cost of being public is huge and the benefits are questionable if you are a microcap. A public company has to meet the requirement to publicly disclose much financial information which could be useful to competitors. Public companies spend more for certified public accountants and other bureaucratic paper work required of public companies by government regulation. Public companies need a huge capital to get the capital market for purchasing equipment and plant expansions. Because of security regulations public companies requires doing more of paperwork. Public companies have an additional cost for administrative overhead and personnel needed to meet regulatory requirement. It could be quite expensive for stockholders for mailings. Advantages and disadvantages of private companies Private companies are less expensive as it requires very less paper work and very limited shareholders. As it is the private companies information are secured, so thats the way they are dealing more with government agency, because private companies works sensitive with government. The business is kept confidential as it is a private company which is less interacting with media or press. Shareholders have very less liability, as they have agreed upon business stability but the business is not disturbed by the death of shareholders. While private companies may also issue their securities as compensation for services, the recipient of those securities often have difficulty selling them on the open market. Private companies have high taxes, less dividends and the often deter small-medium sized business owners. Ans) 2 The small private companies are directed on the attentions to contral according to the commander theory it is excercised by the people. The power to deploy the resources are pointed by the persons or a group of persons. The person who has such power can command over this resources. By using commander notion we cannot appear into the reasonable interpretation of principle and functions of accounting without using false abstraction, such as the entity or fund. A sole proprietor is a commander. So the proprietor have control over the resources of their firm as they are emphasies by the ownership aspect. Control is an economic function whereas ownership have to work in the legal relationship. Profit is generated from the resources have ability to command over this resources by the proprietors. According to commander theory the supporters are undue and placed on the proprietor as owner rather than as manager. But in large companies shareholder have very less command over its resources as they are part of owners, managers have very limited control over resources. The focus of accounting for such companies affects the functions of accounting which is carried out for commanders. For the benefit of the people accounting records are maintain, financial statement are prepared and are analysed by people on and behalf of people. And financial statement reports by commander to commander. The commander of the firm undertakes accounting procedures, accept owner or entity or fund. In the balancesheet the report of which is showing the resources which is entrusted to the commander and control but does not own. Balancesheet is prepared on behalf of commander is a statement which shows the sources from hwere the commander has rececived resources and the application of those resources. In the accounting practice commander theory is not directly effected. Proprietary and entity theories appears on the oppostie view which is the notion of economic control, and the use of procedures related to propietrary and entity view are simaltaneouly emphasised by the commander theory. In determining the nature of asset and in determining what entities become paramount by the notion of control which is included in consolidation account. The objective of financial objective is dependent for small enterprise which value upon to pursued decision making, practical and control. The bring the value in control and not easily measurable, and small business frequently taking action such as if the company needs more new capital for business but they will refuse to bring new stockholders. To access the financial infornmation from the external financing inevitably brings with it and arranged its over coming difficulties between those enterprise and the financiers concerned. The information of a report that of a small enterprise must required to support the debt financing. Financing and profit distribution decisions made in small enterprise might be strongly influnced by a desire to avoid such accountibility. Ans) Proprietary theory emphasies for the small business whereas entity theory for large business. Proprietary theory views the firm as an renewal of its owners but by keeping in mind as an accounting purpose the entity does not exist seperately from its owners. For this outlook it is supported by the various participant in the business sectors. In large companies shareholders who has very limited holdings but they are not seen as owner of the company but looks as an investors. So they believe that they are working for company and as an shareholders. For the benefit of the company they reinvest their dividends as belonging to the company. As from the owners perspective financial statement are prepared for the advantage of the owners. And for controlling shareholders assets of the company is seen as asset of company whereas liablities of company are viewed as a liabilities. As an wealth of the company increases with increases in revenue and decreases with more expenses. The proprietary theory affects the only in each sole company for increasing profit instead of entire companies. As per the entity theory they maintain financial statement under the joint financial statement as per the view of the business entity. For the accounting purpose legal entity are separately considered from owner. In the interest of the entity consolidated statement are intended to all parties of the entity. The person who are having ownership interest in the consolidated entity are considered separately and distinct as an controlling and non-controlling shareholders of the entity. No preference, no emphasis is given to any members of these entity group such as controlling shareholders non-controlling shareholders and consolidated entity. All profit or loss assets or liabilities equity are merged into one group of entity under the entity theory and they are united for one entity as not for separate controlling and non- controlling shareholders who are involved in the joint net income and the ownership of business group. If a company decides to transform itself into a public company from a private company their is no magic or formula which qualifies a private company to transform into a public company but the factors which determine a public company can hire plenty of shareholders from any market which can sells its product or services. And company should keep in mind a good regional and national market is in a boom situation you can transform into the public company. The best way to know that it is beneficial or not for company whether it should transform to public company is their management team can grow your company or not and their profit margin because it affects on the accounts of the company. Ans4) Yes, I do agree with this statement. Proprietary view of accounting keeps in mind as an interest of all accounting concepts, procedures and rules are formulated to the owners. Owners of the company seeks to acheive their purpose and to maximise their profit or wealth. As per the proprietary view for the small business really control by their owners and generally are not necessary to prepare general-purpose financial statement for a business. General purpose financial statment is only prepared when it is needed by its users for its financial statement which is opposed to get those requirement of only a exacting group such as an management, creditors, investors or regulatory bodies. And this whole prupose of financial statement is based on GAAP (Generally accepted accounting principle). Small business does not require to prepare general purpose financial statement and they do not really make an extension of their owners because their profit will be maximise and will not be managed properly. On presenting accounting standards for small business entities they have their levels for satisfaction or dissatisfaction which are hurdles and burden on imposing the financial statement to the prepares and their standards become weaker. Small business entities cannot bear to maintain financial statement as it is costly and burdensome which casues the overall cost to continue to increase. http://www.smartcompany.com.au/Free-Articles/The-Briefing/20081127-Private-companies-more-likely-to-fail.html

Motif Affairs: The Great Gatsby

Throughout the novel The Great Gatsby, Fitzgerald uses the motif of affairs to show development in Daisy Buchanan's character. As a reader slowly pieces together what is the love puzzle of this novel, it becomes clear to them Daisy's true self. Starting off the novel Fitzgerald uses Tom's affairs with Daisy(his wife) and Myrtle(his mistress) to show how Tom treats Daisy. He is very sexist towards not only Daisy but also myrtle. â€Å"Daisy loved me when she married me and she loves me now,†(131) this is said by Tom, giving the reader an example of just how controlling he is of his wife.It is evident to the reader, through the lens of feminism, that Tom objectifies women, treating them like objects rather than people, Daisy especially, making him feel it is acceptable to have more than one woman. This gives the reader a sense of sympathy for Daisy, because of the way her husband treats her. It upsets the reader that although Daisy is aware of her husband's affair with Myrtle, s he ‘accepts' it and feels she deserves it because she is a woman and that's simply what women get.As the novel goes on, it is made clear to the reader Daisy's obsession with money. â€Å"Her voice is full of money†¦ That was it. I‘d never understood before. It was full of money – that was the inexhaustible charm that rose and fell in it, the jingle of it, the cymbals‘ song of it†¦ High in a white palace the king‘s daughter, the golden girl†¦ â€Å"(120) We learn of an affair in Daisy's past that she had with Gatsby, and that the only reason she married Tom rather than Gatsby was because of Tom's wealth.When this is brought up it refuels old feelings between the two of them, leading to an affair between Daisy and Gatsby. Readers go from feeling bad for Daisy to almost having sympathy for Tom. After accusing Tom of objectifying Daisy and not being loyal to her, it is made clear that daisy is not loyal to Tom. She is not in love with him, but rather his money. Through these recurring affairs and the lens of feminism Daisy's true character is exposed to the reader.

Minor Parties

Impact of Minor Parties In this paper, I will be discussing the impact of minor parties. Minor parties are political parties who have little to no impact on elections due to the amount of supporters and/or money is put into the party. However, in the United States, minor parties sometimes have a huge impact on politics and elections, whether it’s just getting their word out there and the major parties actually listen and discuss their issues, or they can even change which major party wins the election. Whatever the case may be, it shows that minor parties are just as effective as the major parties, although they have never come out on top.Just because they are minor, does not mean they have no say or no impact in government. They are just as important as the major parties, and they should always be taken into consideration during election time. In my opinion, I think minor parties are great for this country. They bring in different views and ideas, and I like to hear what some of them have to say. The United States is a free country, and in the first amendment of the Constitution, it allows us the right of free speech. This means anyone can express their thoughts and views on just about anything, and the minor parties do just that.They have gotten a say in politics, and the major parties sometimes bring the minor parties’ issues into discussion because they agree that their issue is a serious problem, and it needs to be fixed. I think it’s good that we don’t always have to hear the same boring stuff about issues we already know about. Even though they may never win a presidential election, at least there is some party out there that understands the issues that the major parties nor the majority of the United States citizens never really thought about.There has been a long history of minor party candidates running for President, starting with the Anti-Masonic Party led by William Whit in 1832, and ending with the Reformist Party led b y Ross Perot in 1996. There have even been very successful minor parties. Some examples are Theodore Roosevelt’s Bull Moose Party in 1912, John Breckenridge’s Southern Democrat Party in 1860, and the most successful and recent one of our time Ross Perot’s Independent Party in 1992. All of these parties I mentioned made an impact on their respected elections, and because of them, they brought in new ideas and have shaped our current government.In this paragraph, I am going to discuss the 1992 election, and how a minor party greatly effected this election. In 1992, the Independent Party led by Ross Perot was running up against George W. Bush Sr. of the Republican Party and Bill Clinton of the Democratic Party. Perot was a member of the Republican Party prior to the election, but because of his disagreements with both of the parties’ issues, he decided to run as an independent. Bush Sr. was the current President, and was a shoe in for this election, but beca use of Perot’s switching of parties and how vocal he was, Bush lost supporters, while Perot gained a lot.Because of this, Clinton won with only 43% of the popular vote, while Bush had about 37%, and Perot had about 20%. This was one of the only times a President was elected into office without the majority vote. This became the turning point on how the people viewed minor parties, and ever since, the government has started to listen to their views more often. There are even two independents in the Senate right now, taking the impact of minor parties another step further. With these minor parties there are supporters of them and there are people who are against them.The supporters of minor parties in the United States are obviously the minor parties themselves and the people who support them because they want a say in politics so the current government can discuss them, and possibly change things around a little to their benefit if necessary. Another supporter would be the maj or party who got into office in an election because of the minor parties because if it weren’t for the minor parties and their popularity at the time, the major party’s candidate may have not gotten into office.The people who oppose them would probably be the major parties who lose an election due to the minor parties because the minor parties screwed them over from winning a presidential election. For example, the Republican Party was more than likely very angry at Perot for not only leaving their party, but also costing them the 1992 election. The Democrats were obviously very happy because if it weren’t for Perot, Clinton would have never been President that year. In conclusion, minor parties are great for our country. Even though they never win, they still have an impact on politics and sometimes the elections.The only alternative I would suggest would be for the major parties to listen more to the minor parties because as of right now, nothing good is being done for this country to be turned around. There is a great deal of partisanship in the government right now, and no one is willing to work with one another because they are only concerned with their views and their party’s views, without taking others’ views into consideration. A minor party may have a good idea that both parties like, and it may be able to bring some bipartisanship back in the government and even help our economy a little bit.There is nothing wrong with minor parties in this country, and I hope the major parties listen to more of their ideas in the future. Works Cited Leip, David. â€Å"1992 Presidential General Election Results. † US Selection Atlas. N. p. , n. d. Web. 18 Mar. 2013. Lightman, Max. â€Å"The Role of Minor Parties in Politics. † Slideshare. N. p. , 30 Apr. 2008. Web. 18 Mar. 2013. Salka, William M. â€Å"The Impact of Minor Parties on Electoral Competition: An Examination of US. † N. p. , n. d. Web. 18 Mar. 2013.

The And Justice For All - 1743 Words

With liberty and justice for all. These are the 6 words that conclude the pledge of allegiance of our United States. This is what our nation was built upon: liberty and justice. Justice is the just behavior (insert dictionary source here) or treatment that one may receive or give. To be just is to be fair and righteous and this righteousness is the quality of being morally right (insert dictionary source here). For someone to be shot in cold blood and the killer not have any consequence goes against all morality. As an adult we have the cognitive ability to decipher between right and wrong or good and bad behavior and know that if we violate these expectations we need to be held accountable for our actions. Social Justice is fairness within a society. Fairness with in a society or community is making sure everything is equal within that given society or community. Distribution of wealth is really important. 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