A Vulnerable Population The Homeless in America - 919 Words

A Vulnerable Population: The Homeless in America Introduction Homelessness in America should be a growing concern. When discussing the United States current economic crisis comparisons with the Great Depression are becoming more and more common. Tent cities or makeshift shelters in specified areas or just beyond city limits are becoming familiar sites across the country. Each of these cities contains dozens if not hundreds of families struggling to just survive (Maide, 2010). Homelessness can be defined as the lack of a permanent, safe and affordable night-time residence. The exact statistics on homelessness are difficult to ascertain, as the precise number of people who experience homelessness is ever changing. Recently its been estimated that about 1.6 million are people living in emergency shelters or transitional housing. The National Law Center on Homelessness Poverty (2012) estimated the annual homeless population to be roughly 3.5 million people. Of these 1.35 million are children. The fastest growing segment of the homeless population is families with children. Discussion A recent study found that 1 out of 50 American children become homeless each year. On any given night more than 300,000 children are without a home. The study estimates that some 83% of homeless children will have been exposed to at least one serious violent event before they reach 12 years of age. Of those, nearly 25% will have witnessed acts of violence within their own families.Show MoreRelatedVulnerable Population the homeless vetrans Essay1728 Words   |  7 Pagesï » ¿ A Vulnerable Population the Homeless Veterans Patricia Dilbert NUR/440 April 7, 2014 Deanna Radford, MSN, RN, CNE A Vulnerable Population the homeless Veterans In this presentation, we will explore a vulnerable population with the focus on the homeless veterans. According to Mckinney Act†(1987) A homeless person is one who lacks a fixed, regular and adequate nighttime residence. One who has a primary nighttime residence that is a supervised publicly or privately operatedRead MoreSociological Perspective on Homelessness1248 Words   |  5 Pagesperspective. The paper will additionally reference sociological theory as a means of explanation for homelessness, such its causes, the demographics/populations, and other prominent known characteristics of homeless people. There are individuals and groups who choose to be, from a normative societal perspective, homeless, but for a great deal of the homeless population, it can be a treacherous and tragic lifestyle that is a result of a distinct set of social, societal, and individual factors. Due to theRead MoreThe Effects Of Homelessness On The Homeless Population1372 Words   |  6 PagesHomelessness The term to describe the homeless may have changed over time, however the issue of housing insecurity has remained for some Americans throughout history (Kusmer, 2001). Although the homeless population has always maintained in the United States, homelessness became a national issue in 1870 with the emergence of the â€Å"tramp†: these were men that banded together, rode trains illegally and had negative interactions with law enforcement (2001). The movement of the homeless from location to location changedRead MoreHomelessness : The New York City Shelter System1093 Words   |  5 PagesHomelessness in America Homelessness in America has been slowly decreasing since 2013. In 2014 the New York City shelter system reported an increase of seven percent, from 50,135 in 2013 to 53,615 in 2014. In 2013 more than 111,000 different New Yorkers looked to the shelter system to give them safety, this is also including 40,000 different children. Overall homelessness has dropped by at least 2.3 percent, homelessness has decreased among every subpopulation. Veterans make up 10.5 percent ofRead MoreThe Problem With Homeless Today1209 Words   |  5 PagesWeek 7 Assignment: The Problem with Homeless in America Equilla Simmons Boston University One of the basic human needs is shelter. While many people take having a roof over their head for granted, there is a plethora of people that have no place to call home. However, America has become a place where Social Darwinism is vastly accepted, leaving several people that are homeless with limited resources. â€Å"In January 2013, 610,042 people were homeless on a given night. Most (65 percent)Read MoreJournal 5 : Vulnerable Populations And Health Policy1266 Words   |  6 PagesJournal 5: Vulnerable Populations and Health Policy Based on your readings for this class, discuss how your population of interest meets the definition of a vulnerable population. My population of interest thus meet the definition of a vulnerable population. Most African Americans women living in Nursing homes suffer from Depression. It could be as a result from other chronic illnesses and not just a single diagnosis of Depression. Some of the most common reasons they are admitted into long-termRead MoreCurrent Housing Policies For Homeless Youth1281 Words   |  6 PagesAccording to the 2014 Department of Housing and Urban Development statistics, 34% of the total homeless population of America are under 24 years old (HUD 2014). Although HUD recognizes that this is an alarming number, current housing laws offer little protection for homeless youth. Young people in America face homelessness due to financial issues, lack of family support or insufficient housing. Many of these homeless youth are on their own and are enrolled in college and since the recession of 2008 theirRead MoreAnxiety And Depression : A Public Health Issue949 Words   |  4 Pagesanxiety, is a public health issue that impacts a large population in the United States with different level of severities. Anxiety is a feeling of stress or abnormal emotion that can cause several types of anxiety disorders. According to the statistics of Anxiety and Depression Association of America (ADAA), anxiety is one of the most common mental illnesses in the United States, which affect nearing 18 percent of the U.S.’s total population. This mental illness can affect one person’s general mentalRead MoreHomelessness Is A Major Social Crisis Essay1505 Words   |  7 Pagesor Haight Ashbury. In these places, homeless people are plentiful, yet they are almost always overlooked by the other San Franciscans who use those areas to work and play. Providing permanent housing (as opposed to places at shelters) to chronically homeless people has been proven to be an efficient method of combatting homelessness. I propose that San Francisco introduce a voluntary 10-cent tax on coffe e, as a way of raising money to provide services to homeless people within permanent housing, andRead MoreVulnerable Populations1503 Words   |  7 PagesVulnerable Populations BSHS/320 The United States of America is the place known to many as the land of the free, home of the brave, and the place to start a better life. With any place that has good qualities, some have not so good qualities. The homeless population in the United States is at a staggering high, and many individuals are suffering because many lack employment/financial resources, housing resources, support from family and friends, and others negligence; such as natural disasters

Essay on Happiness in Aristotle’s work The Nicomachean...

Aristotle’s work, The Nicomachean Ethics, consists of numerous books pertaining to Aristotle’s Ethics—the ethics of the good life. The first book discloses Aristotle’s belief on moral philosophy and the correlation between virtue and happiness. The definition of happiness has long been disputed. According to Aristotle, happiness is the highest good and the ultimate end goal—for it is self-reliant. This idea contradicted other common beliefs and philosophical theories. Aristotle opens his work by describing the various theories, neutrally examines each idea, and discloses how he thinks the theory is wrong and why his idea of happiness is more accurate. The most accepted theory until Aristotle was that of Plato—that good was a universal†¦show more content†¦Since man is the only creature to have free will and a conscience, these must be central to a good life for a human. The definition of happiness has long been disputed, and in order to establish a general definition one must discover mankind’s function (1095a.20). The distinct function of human beings will differentiate man from all other beings, thus it cannot be related to the characteristics of animals or plants. Aristotle explains that all living beings grow, and that man and animals share instinct. Through elimination, Aristotle establishes the distinct function of man as logic. Only human beings contain three souls and have the ability to use reason. Aristotle states, â€Å"the function of man then is activity of soul [thinking well and doing well] in accordance with reason† (). Ultimately, logic allows human beings to use reason in decision-m aking and to be virtuous. Aristotle explains what a competent judge of ethics is. â€Å"Each man judges correctly those matters with which he is acquainted; it is of these that he is a competent critic† (1094b.20). Ultimately, he believes that younger people lack the experience needed to use their reason. Instead, younger people will follow their instinct and feelings. According to this believe, Aristotle is showing that true happiness (achieved through virtues) is a lifetime effort. According to Aristotle, every action performed is done to attain an end goal (or good). The goals for eachShow MoreRelatedEssay on How Do Virtue and Chance Contribute to Happiness?1283 Words   |  6 Pagescontribute to happiness? Happiness has been subject to debate for centuries. What is happiness? What does happiness consist of? What contributes to happiness? Among many others, Aristotle, Epicurus, and the school of Cyrenaics, prominent ancient Greek philosophers, have greatly contributed that virtue, which is excellence of a certain part, and chance, which consists of any event outside of human control and prediction, may play a role in happiness. After analyzing the works of these philosophersRead MoreThe Role Of Happiness . â€Å"Happiness Is The Meaning And The1326 Words   |  6 PagesThe Role of Happiness â€Å"Happiness is the meaning and the purpose of life, the whole aim and end of human existence† (Aristotle). In ethics, we study the place of morality in a social construct, where happiness is the core of ethical concern. Happiness for the individual, happiness for the majority, happiness for nature. What is the key to a happy life? Aristotle believes the key is eudaimonia, or a state of having a good soul or being in a contented state of being healthy, happy, and prosperousRead MoreNichomachean Ethics’ Book Was Written By Aristotle Between1145 Words   |  5 Pages Nichomachean ethics’ book was written by Aristotle between the periods of 384 BC to the time when he passed away in 322 BC. Aristotle is an ancient Greek philosopher. During his period of writing, not many things had been discovered and the only other known philosophers were the Plato and Socrates. My view on the book can be derived from the title itself â€Å"Nichomachean† which mea ns victory for example in battle and from the term â€Å"ethics† which means virtue or a code of conduct. From the twoRead MoreThe Doctrine Of The Me Underpin Aristotle s Account Of Citizen Virtue?899 Words   |  4 PagesTo what extent, and how, does ‘the doctrine of the mean’ underpin Aristotle’s account of citizen virtue? In order to answer the question ‘To what extent, and how, does ‘the doctrine of the mean’ underpin Aristotle’s account of citizen virtue?’ it is first important for me to define ‘the doctrine of the mean’ which was developed in Book II of Aristotle’s Nicomachean Ethics (II.2.1104a12-26) in the form of a medical analogy. ‘the doctrine of the mean’ is very often dismissed as being unhelpful andRead More Aristotles Concept of Happiness Essay1073 Words   |  5 PagesIn the work, Nicomachean Ethics, the philosopher Aristotle creates a guideline for those who are serious about pursuing happiness. Aristotles recommendations for finding happiness are not accepted today without some struggle and careful examination. In Aristotles time, slaves, women and children were not truly considered human; so in many cases the philosopher is directing his words towards free males only. It is necessary to understand that by overlooking th is discrimination and applying it toRead MoreAristotle Of Aristotle : Nicomachean Ethics1487 Words   |  6 PagesAristotle: Nicomachean Ethics Happiness: it’s something we humans search far and wide for, to attain before we are called home at death. We go through our daily lives, making choices, commitments, changes, decisions. We set goals for ourselves, push ourselves, hurt ourselves, inspire ourselves, lose ourselves, find ourselves†¦but why? Whether it is a conscious effort or not, no matter who you are or where you find yourself at this very moment, there is one ultimately satisfying hope that brings usRead MoreHappiness Is an Activity Essay1287 Words   |  6 PagesIn this paper I will discuss Aristotle’s claim that happiness is a kind of activity and not a momentary pleasure. Some people might worry that Aristotle is wrong in making this claim by presuming that happiness is a state of mind rather than a constant pursuit in which a person must actively strive for throughout the entirety of ones life. I will argue that Aristotle is correct when he declares that happiness is a kind of activity that we strive for and ultimately attain throughout the entirety ofRead Moreâ€Å"Are You Happy Now?† Essay1541 Words   |  7 Pages Happiness is a term that typically has different definitions. Some define happiness, as the things one possess; others may define it as doing a good deed and the feeling one has after doing a good deed. Merriam-Webster defines happiness as, â€Å"a state of well-being and contentment† . Even Aristotle acknowledges that everyone disagrees on the definition of happiness because we all have a different thought-process and prior knowledge. Even though there are many definitions to happiness, both AristotleRead MoreEssay on Aristotles Notion on Eudaimonia and Virtue 1550 Words   |  7 PagesIn Aristotle’s Nicomachean Ethics he accounts that humans should make sacrifices and should ultimately aim first and foremost for their own happiness . In the paper I will argue that it is really in a person’s best interest to be virtuous . I w ill do this by first describing Aristotle’s notion on both eudaimonia and virtue , as well as highlighting the intimate relationship between the two . Secondly I will talk about the human role in society. Thirdly I will describe the intrinsic tie between humanRead MoreAristotle : The Good Life1708 Words   |  7 Pageswith Plato and Socrates are three of the first and arguably the most important philosophers when it comes to modern day philosophy and ethics. Aristotle’s work extended beyond ethics and philosophy into scientific thought where he was a very important figure in that field as well. One of Aristotle’s greatest works was the Nicomachean Ethics. In Nicomachean Ethics, Aristotle explores how people should live and concentrates on the individual’s ethical responsibilities. He outlines many different ideas

Cat 1.Pdf Free Essays

Introductory Paper 1 RECORDING FINANCIAL TRANSACTIONS (INTERNATIONAL STREAM) In this January 2008 new edition †¢ Updated for IAS 1 (revised) †¢ Do you know? Checklists to test your knowledge and understanding of topics †¢ A question and answer bank †¢ The ACCA’s pilot paper as a mock exam P R A C T I C E R E V I S I O N BPP’s i-Pass product also supports this paper. K I T FOR EXAMS IN 2008 First edition 2004 Fifth edition January 2008 ISBN 9780 7517 4816 1 (previous ISBN 9780 7517 3564 2) British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www. bpp. We will write a custom essay sample on Cat 1.Pdf or any similar topic only for you Order Now com/learningmedia Printed in Great Britain by W M Print Fredrick Street Walsall WS2 9NE Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests. ii All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, hotocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The answers to past examination questions have been prepared by BPP Learning Media Ltd, unless where otherwise stated  © BPP Learning Media Ltd 2008 Contents Page Question index†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. v Using your BPP Practice and Revision Kit †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ vi Important information for students sitting this exam in 2008 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ix Passing CAT exams How to revise †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xiii How NOT to revise †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ iv How to PASS your exam †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xv How NOT to PASS your exam †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xvi Syllabus †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ xvii Approach to examining the Syllabus †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xxiv The Computer Based Examination†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xxv Tackling Multiple Choice Questions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ xxvi Using your BPP products†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ xvii Questions and answers Questions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 Answers †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 37 Exam practice Practice questions and answers †¢ Questions †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 61 †¢ Answers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 73 Mock exam †¢ Questions †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 81 †¢ Answers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 95 Review form free prize draw iii QUESTION INDEX Question index Time Page number Marks llocation Mins Question Answer 16 19 5 37 9–15 14 17 7 38 16–23 16 19 8 39 24–38 30 36 9 41 39 2 2 11 43 40–44 10 12 15 44 45–49 10 12 15 44 50–54 10 12 16 45 55–62 16 19 17 46 63–68 12 14 18 47 69–74 12 14 19 48 75–79 10 12 20 49 Part A: Introduction to transaction accounting Business transactions and documentation Objective test questions 1–8 Assets, liabilities and the accounting equation Objective test questions Balance sheet and profit and loss account Objective test questions Recording, summarising and posting transactions Objective test questions Completing ledger accounts Objective test question Part B: Recording and accounting for cash transactions Receiving and checking money Objective test questions Banking monies received Objective test questions Recording monies received Objective test questions Authorising and making payments Objective test questions Recording payments Objective test questions Maintaining petty cash records Objective test questions Bank reconciliations Objective test questions iv QUESTION INDEX Part C: Recording and accounting for credit transactions The receivables ledger Objective test questions 80–86 14 17 23 51 87–89 6 7 24 52 90–106 34 41 24 52 107–115 18 22 33 57 The payables ledger Objective test questions Control accounts and the trial balance Objective test questions Part D: Payroll Recording payroll transactions Objective test questions Practice questions and answers Mixed bank 116–165 Mock exam Pilot paper 166–215 v QUESTION INDEX Using your BPP Practice and Revision Kit Aim of this Practice Revision Kit To provide the practice to help you succeed in both the paper based and computer based examinations for Paper 1 Recording Financial Transactions (International). To pass the examination you need a thorough understanding in all areas covered by the syllabus and teaching guide. Recommended approach †¢ Make sure you are able to answer questions on everything specified by the syllabus and teaching guide. You cannot make any assumptions about what questions may come up on your paper. The examiners aim to discourage ‘question spotting’. In a paper that has objective test questions or a number of shorter questions, the examiner has the opportunity to test a wide area of the syllabus. Where there are long questions, a number of different issues can be brought in. And an area that has been tested in one sitting can still be tested again in the next sitting. Learning is an active process. Use the DO YOU KNOW? Checklists to test your knowledge and understanding of the topics covered in Paper 1 Recording Financial Transactions (International) by filling in the blank spaces. Then check your answers against the DID YOU KNOW? Checklists. Do not attempt any questions if you are unable to fill in any of the blanks – go back to your BPP Interactive Text and revise first. †¢ When you are revising a topic, think about the mistakes that you know that you should avoid by writing down POSSIBLE PITFALLS at the end of each DO YOU KNOW? Checklist. †¢ Once you have completed the checklists successfully, you should attempt the questions on that topic. Each section has a selection of OBJECTIVE TEST QUESTIONS and COMPULSORY WRITTEN QUESTIONS. Make good use of the HELPING HANDS provided to help you answer the questions. On questions that have been in past exam papers, we report ‘what the examiner said’. This shows you how students who sat the exam coped with the question and tells you what the pitfalls were and what the examiner was looking for. †¢ There is a mark allocation for each compulsory written question. Each mark carries with it a time allocation of 1. 2 minutes (including time for selecting and reading questions). A 15 mark question therefore should be completed in 18 minutes. For papers 6–10 each mark carries a time allocation of 1. 8 minutes. †¢ Once you have completed all of the questions in the body of this Practice Revision Kit, you should attempt the MOCK EXAMS under examination conditions. These are the latest actual exams. Check your answers against our answers and apply the ACCA’s Official marking scheme to find out how well you did. Please see the next section for important information concerning the 2008 exams. vi Important information vii viii IMPORTANT INFORMATION Important information for students sitting this exam in 2008 IAS 1 was revised in September 2007. This mainly affects terminology used in financial statements. This does not really affect CAT Paper 1 International apart from the ‘balance sheet’ may be called the ‘statement of financial position’. In this kit, we have shown both terms. Your examiner may use either. ix IMPORTANT INFORMATION x Passing CAT exams xi xii PASSING CAT EXAMS How to revise Plan your revision At the start of your revision period, you should draw up a timetable to plan how long you will spend on each subject and how you will revise each area. You need to consider the total time you have available and also the time that will be required to revise for other exams you’re taking. Practise Practise Practise The more questions you do, the more likely you are to pass the exam. Practising questions will mean that you’ll get used to the time pressure of the exam. When the time is up, you should note where you’ve got to and see how many questions you have completed. Revise enough Make sure that your revision covers the breadth of the syllabus, as any topic an come up. However it is true that some topics are key – they are an important part of the syllabus or are a particular interest of the examiner – and you need to spend sufficient time revising these. Deal with your difficulties Difficult areas are topics you find dull and pointless, or subjects that you found problematic when you were studying them. You mustn’t become negative about these topics; instead you should build up your knowledge by reading the Passcards and using the Quick quiz questions in the Study Text to test yourself. When practising questions in the Kit, go back to the Text if you’re struggling. Learn from your mistakes Having completed a question you must try to look at your answer critically. As you go through the Kit, it’s worth noting any traps you’ve fallen into and referring to these notes in the days before the exam. Aim to learn at least one new point from each question you attempt. Complete the mock exam You should attempt the Mock exam at the end of the Kit under strict exam conditions, to gain experience of managing your time and producing answers. xiii PASSING CAT EXAMS How NOT to revise Revise selectively Examiners are well aware that some students try to forecast the contents of exams, and only revise those areas that they think will be examined. In CBA questions come up in a random fashion and you cannot predict what will come up. Spend all the revision period reading You cannot pass the exam just by learning the contents of Passcards, Course Notes or Study Texts. You have to develop your application skills by practising questions. Audit the answers This means reading the answers and guidance without having attempted the questions. Auditing the answers gives you false reassurance that you would have tackled the questions in the best way and made the points that our answers do. The feedback we give in our answers will mean more to you if you’ve attempted the questions and thought through the issues. Get bogged down Don’t spend a lot of time worrying about all the minute detail of certain topic areas, and leave yourself insufficient time to cover the rest of the syllabus. Remember that a key skill in the exam is the ability to concentrate on what’s important and this applies to your revision as well. Overdo studying Studying for too long without interruption will mean your studying becomes less effective. A five minute break each hour will help. You should also make sure that you are leading a healthy lifestyle (proper meals, good sleep and some times when you’re not studying). xiv PASSING CAT EXAMS How to PASS your exam Prepare for the day Make sure you set at least one alarm (or get an alarm call), and allow plenty of time to get to the exam hall. You should have your route planned in advance and should listen on the radio for potential travel problems. You should check the night before to see that you have pens, pencils, erasers, watch, calculator with spare batteries, also exam documentation and evidence of identity. Plan your time You need to make sure that you will be answering the correct number of questions, and that you spend the right length of time on each question – this will be determined by the number of marks available. Papers 1–5 are 2 hour papers, so each mark carries a time allocation of 1. 2 minutes. This means that a 2-mark question should be completed in 2. 4 minutes. Read the questions carefully To score well, you must follow the requirements of the question, understanding what aspects of the subject area are being covered, and the tasks you will have to carry out. Stay until the end of the exam Use any spare time to check and recheck your script. This includes checking you have filled out the candidate details correctly, you have labelled question parts and workings clearly, you have used headers and underlining effectively and spelling, grammar and arithmetic are correct. xv PASSING CAT EXAMS How NOT to Pass your exam Don’t do enough questions If you don’t attempt sufficient questions on the paper, you are making it arder for yourself to pass the exam on the questions that you do attempt. Failing to attempt all of the paper is symptomatic of poor time management. Rush through the questions without thinking about them properly If you don’t understand a question, read it again before you start guessing. Get bogged down Each question is only worth 2 marks . If you really can’t do it, move on. xvi PASSING CAT EXAMS Syllabus xvii PASSING CAT EXAMS xviii PASSING CAT EXAMS xix PASSING CAT EXAMS xx PASSING CAT EXAMS xxi PASSING CAT EXAMS xxii PASSING CAT EXAMS xxiii PASSING CAT EXAMS Approach to examining the Syllabus Paper 1 is a two-hour paper. It can be taken as a written paper or a computer based examination. The questions are objective test questions – multiple choice, number entry and multiple response. (See page xxv for frequently asked questions about computer based examinations. ) The exam is structured as follows: 50 multiple choice questions = 100 marks xxiv PASSING CAT EXAMS The Computer Based Examination The ACCA has introduced a computer based examination (CBE) for CAT Papers 1–4 (in addition to the conventional paper based examination). Computer based examinations must be taken at an ACCA CBE Licensed Centre. How does CBE work? †¢ Questions are displayed on a monitor †¢ Candidates enter their answer directly onto the computer †¢ Candidates have two hours to complete the examination †¢ When the candidate has completed their examination, the computer automatically marks the file containing the candidate’s answers †¢ Candidates are provided with a certificate showing their results before leaving the examination room †¢ The CBE Licensed Centre uploads the results to the ACCA (as proof of the candidate’s performance) within 48 hours Benefits †¢ Flexibility as a CBE can be sat at any time †¢ Resits can also be taken at any time and there is no restriction on the number of times a candidate can sit a CBE †¢ Instant feedback as the computer displays the results at the end of the CBE †¢ Results are notified to ACCA within 48 hours †¢ Extended closing date periods (see ACCA website for further information) CBE question types †¢ Multiple choice – choose one answer from four options †¢ Multiple response 1 – select more than one response by clicking the appropriate tick boxes †¢ Multiple response 2 – select a response to a number of related part questions by choosing one option from a number of drop down menus Number entry – key in a numerical response to a question CAT CBE You will have two hours in which to answer a number of questions, which are worth a total of 100 marks. See the ACCA website for a demonstration and up to date information (www. acca. org. uk/colleges/cbe_demo). xxv PASSING CAT EXAMS Tackling Multiple Choice Questions MCQs feature in both the paper and computer-based papers. The MCQs in your exam contain four possible answers. You have to choose the option that best answers the question. The three incorrect options are called distracters. There is a skill in answering MCQs quickly and correctly. By practising MCQs you can develop this skill, giving you a better chance of passing the exam. You may wish to follow the approach outlined below, or you may prefer to adapt it. Step 1 Skim read all the MCQs and identify what appear to be the easier questions. Step 2 Attempt each question – starting with the easier questions identified in Step 1. Read the question thoroughly. You may prefer to work out the answer before looking at the options, or you may prefer to look at the options at the beginning. Adopt the method that works best for you. Step 3 Read the four options and see if one matches your own answer. Be careful with numerical questions as the distracters are designed to match answers that incorporate common errors. Check that your calculation is correct. Have you followed the requirement exactly? Have you included every stage of the calculation? Step 4 You may find that none of the options matches your answer. †¢ †¢ †¢ Re-read the question to ensure that you understand it and are answering the requirement Eliminate any obviously wrong answers Consider which of the remaining answers is the most likely to be correct and select the option Step 5 If you are still unsure make a note and continue to the next question Step 6 Revisit unanswered questions. When you come back to a question after a break you often find you are able to answer it correctly straight away. If you are still unsure have a guess. You are not penalised for incorrect answers, so never leave a question unanswered! After extensive practice and revision of MCQs, you may find that you recognise a question when you sit the exam. Be aware that the detail and/or requirement may be different. If the question seems familiar read the requirement and options carefully – do not assume that it is identical. xxvi PASSING CAT EXAMS Using your BPP products This Kit gives you the question practice and guidance you need in the exam. Our other products can also help you pass: †¢ Learning to Learn Accountancy gives further valuable advice on revision †¢ Passcards provide you with clear topic summaries and exam tips †¢ Success CDs help you revise on the move †¢ i-Pass CDs offer tests of knowledge against the clock †¢ Learn Online is an e-learning resource delivered via the Internet, offering comprehensive tutor support and featuring areas such as study, practice, email service, revision and useful resources You can purchase these products by visiting www. bpp. om/mybpp. Visit our website www. bpp. com/acca/learnonline to sample aspects of Learn Online free of charge. xxvii PASSING CAT EXAMS xxviii Question bank 1 2 QUESTION BANK DO YOU KNOW? – INTRODUCTION TO TRANSACTION ACCOUNTING Check that you can fill in the blanks in the statements below before you attempt any questions. If in doubt, you should go back t o your BPP Interactive Text and revise first. †¢ †¢ †¢ Whenever property changes hands there has been a †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. . Business transactions are subject to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦law. A cash transaction is one where the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. . †¢ A credit transaction is †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦ . †¢ †¢ Transactions with consumers are subject to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. legislation. †¢ The purpose of the accounting system is to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. , †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. and †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ the information contained in the documentation generated by transactions. A discount is a reduction in the price of goods below the amount at which those goods would normally be sold to other customers of the supplier. – – †¢ A †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. is a reduction in the amount of money demanded from a customer. A †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦ is an optional reduction in the amount of money payable by a customer. Many business transactions involve sales tax. – †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ is sales tax charged on goods and services sold by a business. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. is sales tax paid on goods and services bought in by a business. TRY QUESTIONS 1 TO 8 †¢ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ is the excess of income over expenditure. When expenditure exceeds income, the business is running at a †¦Ã¢â‚¬ ¦. . †¢ †¢ A business must always be treated as a separate entity from its owners when preparing accounts. The accounting equation is that the assets and liabilities of a business must always be †¦Ã¢â‚¬ ¦. . – †¢ Assets = (Capital introduced + retained profits – drawings) + liabilities Double entry bookkeeping reflects the fact that for every debit, there is an equal †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Therefore the total value of debit entries will always be equal to the to tal value of credit entries. TRY QUESTIONS 9 TO 15 †¢ A †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. is a statement of the assets, liabilities and capital of a business at a given point in time. – – – †¢ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦are for use within a business. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ are used to generate cash. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ are payables of the business, payable within a year. An income statement is a statement which matches †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ with the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . TRY QUESTIONS 16 TO 23 †¢ Books of †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ are used to keep records of †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . Examples include the sales day book, the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. day book and the cash book. †¢ †¢ †¢ Entries are †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. rom the day boo ks to the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ledger. Accounting packages can update ledgers simultaneously if the ledgers are†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . Customer and supplier information which is stored may be subject to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. legislation. TRY QUESTIONS 24 TO 39 †¢ Possible pitfalls Write down the mistakes you know you should avoid. 3 QUESTION BANK DID YOU KNOW? – INTRODUCTION TO TRANSACTION ACCOUNTING Could you fill in the blanks? The answers are in bold. Use this page for revision purposes as you approach the exam. †¢ †¢ †¢ Whenever property changes hands there has been a business transaction. Business transactions are subject to contract law. A cash transaction is one where the buyer pays cash to the seller at the time the goods or services are transferred. †¢ †¢ †¢ A credit transaction is a sale or purchase which occurs some time earlier than cash is received or paid. †¢ A discount is a reduction in the price of goods below the amount at which those goods would normally be sold to other customers of the supplier. Transactions with consumers are subject to sale of goods legislation. The purpose of the accounting system is to record, summarise and present the information contained in the documentation generated by transactions. – – †¢ A trade discount is a reduction in the amount of money demanded from a customer. A cash discount is an optional reduction in the amount of money payable by a customer. Many business transactions involve sales tax. – – Output tax is sales tax charged on goods and services sold by a business. Input tax is sales tax paid on goods and services bought in by a business. TRY QUESTIONS 1 TO 8 †¢ Profit is the excess of income over expenditure. When expenditure exceeds income, the business is running at a loss. †¢ †¢ A business must always be treated as a separate entity from its owners when preparing accounts. The accounting equation is that the assets and liabilities of a business must always be equal. – †¢ Assets = (Capital introduced + retained profits – drawings) + liabilities Double entry bookkeeping reflects the fact that for every debit, there is an equal credit. Therefore the total value of debit entries will always be equal to the total value of credit entries. TRY QUESTIONS 9 TO 15 †¢ A statement of financial position (balance sheet) is a statement of the assets, liabilities and capital of a business at a given point in time. – – – †¢ Non-current assets are for use within a business. Current assets are used to generate cash. Current liabilities are payables of the business, payable within a year. An income statement is a statement which matches revenue with the costs of earning it. TRY QUESTIONS 16 TO 23 †¢ Books of prime entry are used to keep records of source documents. Examples include the sales day book, the purchase day book and the cash book. †¢ †¢ †¢ Entries are posted from the day books to the nominal ledger. Accounting packages can update ledgers simultaneously if the ledgers are integrated. Customer and supplier information which is stored may be subject to data protection legislation. TRY QUESTIONS 24 TO 39 †¢ Possible pitfalls – – – – 4 Confusing cash and credit transactions Confusing trade and cash (or settlement) discounts Ignoring sales tax in double entry bookkeeping Not being able to distinguish between non-current and current assets QUESTION BANK 1 Which of the following correctly describes the function of a credit sales invoice which a customer has received from a supplier? A B C D It is a receipt for money paid. It is a demand for immediate payment by the supplier. It is a record of goods purchased by the customer. It is a demand for payment within an agreed time from the supplier. Approaching the answer Use this answer plan to construct your answer if you are stuck. Step 1 If you have never done a Multiple Choice Question (MCQ) before, do not panic! The chances are that you will have done something similar in a magazine quiz or seen a television quiz programme in the same format (eg Who wants to be a millionaire). The principal is the same for these MCQs. You are given four possible answers, one is correct and the other three are wrong (distracters). Step 2 Step 3 Step 4 Step 5 Read the question and work out what is required. Try not to read the possible answers at this stage. Re-read the question and decide on your own answer. Read the four options and see if one matches your own answer. If yes, then select that option. If none of the options matches (or is close to) your answer, adopt the following method. – – Exclude the obvious wrong answers – Step 6 Re-read the question to ensure that you understand it and are answering the correct requirement Consider which of the remaining answers is the most likely to be correct If you are still in doubt, remember that you will not be penalised for a wrong answer in the exam. You just will not get any marks for a wrong answer. Therefore, if you really do not know, a guess is better than leaving out a question. However, if you are guessing, do not think that as the last few answers have been (a), (b) and (c) that the answer must be (d)! The examiner may well have decided that the correct answer to every question is (a). Notes (a) In this kit, if you find that you are guessing the answers to most of the questions, then you need to go back to your Interactive Text and revise. (b) In the exam, you could leave any questions that you are having trouble with and do all the questions that you can answer fairly easily. You should then have time at the end to go back and deal with the problem questions. Remember that you have 2. 4 minutes per question. If you spend 2 minutes on each question, this will leave you 20 minutes at the end to go back over troublesome questions. 2 Which of the following correctly describes the function of a credit note issued by a supplier to one of its customers? A B C D A demand for payment. An agreed allowance which can be deducted from the next invoice payment. A loan available to the customer. A document used by the supplier to cancel part or all of a previously issued invoice. 5 QUESTION BANK 3 Which of the following correctly describes the term ‘debit note’? A B C D 4 It is issued by a supplier to a customer to demand payment in full for goods supplied. It is issued by a customer to a supplier to request a credit note. It is issued by a customer when goods are delivered. It is issued by a customer to a supplier to cancel an invoice received. Which of the following correctly explains the term ‘trade discount’? A B A price reduction which a supplier agrees with all customers in a particular trade. C A price reduction which a supplier agrees with an individual customer after an invoice has been sent at full price. D 5 A reduction in the amount of an invoice which a customer will pay. A reduction in the invoice price by a supplier because of the nature of the business with an individual customer. Which of the following best explains sales tax? A B A tax levied on the sale of goods and services which is administered and collected by the government. C A tax levied on the sale of goods and services which is administered by the government. D 6 A tax on business profits. A tax levied on the sale of goods and services which all businesses must pay. The term ‘tax point’ in connection with sales tax signifies? A B C D 7 The date on which a transaction took place for sales tax purposes. The location of a sales tax registered business. Entering into a sale transaction which is subject to sales tax with a customer. The suppliers address quoted on a tax invoice. What is the main purpose of an accounting system in a business? A B To calculate the tax payable by a business. C To record, summarise and present information from documentation generated by business transactions. D 8 To generate the business accounts. To enable the owner to know if the business is trading profitably. X Co purchases goods with a list price of $100,000 subject to a 5% trade discount. X Co is allowed 2? % cash discount for payment within 30 days from invoice date. Assuming the discount is taken, how much will X pay? (Ignore sales tax). A B C D 6 $92,625 $102,375 $97,500 $95,000 QUESTION BANK 9 Which of the following best explains the term ‘current asset’? A B C D 10 X starts a business with $50,000 cash, buying inventory $10,000 from cash and paying business expenses of $1,000. Inventory is purchased on credit for $5,000. Following these transactions, what is the capital of X’s business? A B C D 11 Credit entries record increases in capital or liabilities. Credit entries record decreases in assets. Credit entries record increases in profits. Credit entries record increase in expenses. Which of the following correctly records the repayment of a loan of $10,000 plus outstanding interest $500? A B C D 15 It records an increase in assets. It records a business expense. It records an increase in the liabilities of a business. It records a decrease in the liabilities of a business. Which of the following statements concerning a credit entry is incorrect? A B C D 14 Assets decrease, liabilities increase. Capital decreases, liabilities increase. Capital increases, liabilities decrease. Assets decrease, capital decreases. Which of the following statements concerning a debit entry is incorrect? A B C D 13 $39,000 $49,000 $50,000 $54,000 A business receives an accountant’s bill for $500. Which of the following statements correctly shows the effect upon the accounting equation of the business, assuming the bill is unpaid? A B C D 12 An asset currently in use by a business. Something a business has or uses, which is likely to be held only for a short time. An amount owed to somebody else which is due for repayment soon. Money which the business currently has in its bank account. Assets – $10,500, capital – $10,500 Assets + $10,500, Liabilities + $10,500 Assets – $10,500, Liabilities – $10,000, Expenses + $500 Assets – $10,500, Liabilities – $10,500 A trade receivable is? A A person owing money to the business in return for goods supplied. B A person to whom the business owes money in return for goods supplied. C A person to whom the business owes money which was lent to finance the trading operations of the business. D A person who has purchased goods from the business. 7 QUESTION BANK 16 Which of the following is an example of an item of revenue expenditure? A B C D 17 A business makes cash sales of $5,000 and credit sales of $3,000 in a month. All the inventory purchased at a cost of $4,000 was sold, business expenses amounting to $500 were paid and the proprietor took out $300 for living expenses. $600 was owing in respect of the inventory purchased and sold. What was the net profit in the month? A B C D 18 Sales less expenses. Net profit less expenses. Sales less purchase cost (or production cost) of goods sold. Sales less overheads. Which of the following is not an example of an administration overhead? A B C D 22 A bank overdraft. Capital. Goodwill. A loan from a director of the company repayable in two years’ time. The gross profit of a retail/manufacturing business is? A B C D 21 Debit machinery $550, credit cash $550. Debit cash $550, credit machinery $550. Debit machinery $500, credit cash $550, debit insurance $50. Debit cash $550, credit machinery $500, credit insurance $50. Which of the following is a current liability? A B C D 20 $4,100 $3,500 $3,200 $500 A business buys a machine for $500 (cash) and pays machinery insurance $50 (cash). Which of the following shows the correct double entry for this transaction? A B C D 19 Insurance of goods in transit to customers. Import duties charged on a new non-current asset for the business. Wages of employees installing a new non-current asset into the business premises. A new delivery van. Carriage inwards on purchases. Postage. Depreciation of the office computers. The accountant’s salary. Where do drawings appear in the income statement and statement of financial position (balance sheet)? A B They do not appear in the income statement, they are deducted from owner’s capital on the statement of financial position (balance sheet). C They do not appear in the statement of financial position (balance sheet) or income statement as they do not represent a business related item. D 8 They do not appear in the statement of financial position (balance sheet), they are an expense in the income statement. They do not appear in the income statement and are added to owner’s capital on the statement of financial position (balance sheet). QUESTION BANK 23 Why is it important that a business distinguishes between current and non-current liabilities in its statement of financial position (balance sheet)? A B So that users of the financial statements can assess the ability of the business to continue as a going concern. C So that users of the financial statements can assess the level of business debt due for repayment within a fairly short time. D 24 So the owners know how much is owed by the business at all times. So that users of the financial statements can assess the solvency of the business. Which of the following statements is correct? A B Purchase invoices are recorded in the purchase daybook and are summarised and posted to the payables ledger. C Cash received is recorded in the cash book and posted to the journal. D 25 Sales invoices are recorded in the sales returns daybook and are summarised and posted to the receivables ledger. Adjustments to the financial accounts are recorded in the cash book and summarised and posted to the nominal ledger. Which of the following is an example of a prime record not prepared by the business? A B C D 26 The cash book. The bank statement. The sales day book. The purchase returns day book. Y Co keeps a receivables ledger control account as part of its accounting system. Invoices totalling $5,000 are raised in March and customers pay cash $3,000 for invoices having face values of $3,100 (discount $100). Which of the following entries correctly record these transactions? A B Debit receivables ledger control $5,000, credit sales $5,000, debit cash $3,000, credit receivables ledger control $3,100, debit discount allowed $100. C Debit sales $5,000, credit receivables ledger control $5,000, debit cash $3,000, debit discount allowed $100, credit receivables ledger control $3,100. D 7 Debit receivables ledger control $5,000, credit sales $5,000, debit cash $3,000, credit discount allowed $100, credit receivables ledger control $3,000. Debit receivables ledger control $5,000, credit sales $5,000, debit cash $3,000, credit receivables ledger control $3,000. In the receivables ledger of X Co, the account of Y Co has a credit balance of $5,000. Which of the following is a plausibl e explanation for this? A B C D Y Co has been sent an invoice for $5,000. Y Co has supplied goods to X Co and these have been correctly recorded by X Co. Y Co has paid X Co $5,000 twice in error. Y Co has an overdue balance of $5,000 owing to X Co. 9 QUESTION BANK 28 Which of the following statements concerning the receivables ledger control account is incorrect? A B It makes the detection of errors easier. C It helps to reduce the chance of a fraud in relation to transactions between the business and its customers. D 29 It helps to ensure that all transactions with customers have been correctly recorded. It ensures that errors cannot occur in relation to transactions between the business and its customers. A sales tax registered business sells goods $1,200 plus $210 sales tax and purchases goods costing $200 plus sales tax $35. Assuming these are the only transactions in the sales tax period and that input tax is fully recoverable, how much sales tax is due/payable to/from the government? A B C D 30 Payable $175. Recoverable $175. Payable $210. Payable $245. Which of the following statements is correct? A B A machine is purchased for $200 plus sales tax $35. The machinery account is debited with $200 and the sales tax account debited with $35. The sales tax is irrecoverable. C If the sales tax account has a debit balance at the end of the sales tax quarter, the balance is recoverable from the government. D 31 Output tax charged to a customer is debited to the sales tax account. The sales figure in the income statement of a sales tax registered business includes sales tax. Accounts are classified according to the nature of the transactions which are recorded in them. Which of the following classifications is incorrect? A B C D 32 Which of the following statements best explains the term ‘memorandum account’? A B C D 33 One used for the correction of errors. One use to record transactions between the business and its proprietor(s). An account used to record information, which does not form part of the double entry system. An account used to summarise transactions before they are posted to the ledgers. A machine (cost $5,000) is bought on credit from X. Subsequently, $1,000 of the debt to X is paid by cheque. Which of the following correctly records the transactions? A B C D 10 Insurance is recorded in a nominal ledger account. Rents received are recorded in a nominal ledger account. Sales transactions with individual customers are recorded in a personal ledger. Control accounts are kept in the personal ledgers. Debit X $5,000, credit machine $5,000. Debit bank $1,000, credit X $1,000. Debit X $5,000, credit machine $5,000. Debit X $1,000, credit bank $1,000. Debit machine $5,000, credit X $5,000. Debit bank $1,000, credit X $1,000. Debit machine $5,000, credit X $5,000. Debit X $1,000, credit bank $1,000. QUESTION BANK 34 The total of a discounts allowed column in a cash book is? (assume a control account is kept) A B C D 35 A firm keeps an analysed cash book containing discount received and allowed columns. At the end of an accounting period discounts received totalled $525 and discounts allowed $326. Which of the following correctly shows the treatment of these totals? A B C D 36 Sales returns day book. Nominal ledger. Sales day book. Purchase returns day book. Which of the following should appear on the credit side of a suppliers account in the payables ledger? A B C D 39 Sales returns day book. The journal. The cash book. The purchase returns day book. Credit notes sent out are recorded in which prime entry record? A B C D 38 Debit discount received $525, credit discount allowed $326. Debit discount allowed $525, credit discount received $326. Credit discount received $199. Debit discount allowed $326, credit discount received $525. Returns outwards are recorded in which prime entry record? A B C D 37 Credited to discounts allowed and debited to sales. Debited to sales and credited to cash. Debited to discount allowed and credited to receivables ledger control account. Debited to cash and credited to sales. Payments made. Discounts allowed. Discounts received. Purchase invoices received. The following entries appear in a cash account in March; payments by customers $15,000, rents received $250, insurance paid $150, drawings $700, capital paid in $2,000. The balance at 1st March was $2,000 (in hand) what was the closing balance at 31st March? A B C D $14,400 $18,400 $15,800 $10,400 How to cite Cat 1.Pdf, Essay examples

Balance Between Security and Privacy

Question: Discuss about the Balance Between Security and Privacy. Answer: Introduction: In the contemporary era, the biggest technological and social change is due to the increasing and uninterrupted growth of the internet and its uses. However, the increasing dependence on internet and cyberspace has lead to the emergence of new risks and threats to cyber security for the users. Growing dependence on internet and cyberspace lead to new risks and risk of compromising or damaging the key data on which a person relies. The data is being harmed, compromised or damaged in a way which is hard to detect and cant be defended. Cyber security is an issue which surrounds the positive side and essence of internet nowadays. The internet was designed to be secure but after all, it was never a secure framework though by design it is borderless, horizontal, interoperable and secure but internet is not secure and always poses threat to key data and information. Cyber security is a combination of technology, practices and processes which are grouped together to protect computers, data, information, networks and programs from attacks, crimes, damage or unauthorized access that takes place online with the help of internet access (TechTarget, 2016). Cyber security and physical security both are included in security when talking in a computing context. Cyber security is needed when the key data and information are attacked by hackers, intruders or terrorist without any permission and results in making an unauthorized access to the material information. In case of a cyber-crime, cyber security is needed (Conventus Law, 2016; Prakash, 2017). Cyber crimes emerge out as a new breed of crime which is committed using computers or something related to them. Cyber crimes are originating because of the growing dependence and over dependence on computers and internet. In the modern life, as everything is being computed and run with the help of computer and internet, cyber crimes and cyber attacks are growing day by day. Internet and computers are becoming a necessary requirement for everyone today and they are undoubtedly contributing towards the ease of doing things. However, despite being so helpful and advantageous internet have claimed with the issues of cyber crime and attacks which results in compromising and damaging the material information and key data. On one hand, the advanced internet and computer technologies enhanced the experience of its users, while on the other hand cyber crime and cyber attacks are making it even harder to protect personal, material or key information or data. So, this essay will examine the en hancement and growth of internet but majorly focuses on the cyber security, its effectiveness and need in the present environment of uncountable cyber attacks and crimes. Recommendations are also provided in order to find the best solution for solving the issues of cyber security breaches. Cyber security has the most problematic element of constantly and quickly changing or evolving nature of security risks. Over the last half century, the industry of information technology has evolved increasingly which results in faster, smaller, easier, cheaper and lighter use of IT hardware. (The Economic Times, 2017). Information and communication technology devices are interdependent and breakdown of one can lead to a drastic impact on many others. With the passage of time, experts and professionals have come to the point and expressed the serious concerning issues of protecting information and communication technology systems from being affected and breached by cyber attacks. Cyber attacks are unauthorized access and deliberate attempts to make use, compromise and damage material information by unauthorized persons, intruders, hackers and terrorist. Their objective can be of theft, unlawful actions, damage or disruption. There are increasing number of cyber attacks in Australia and are expected to rise in number in the near time. This is because in future more and more information will be stored electronically and the ability of the cyber attackers to collect, store and analyze the information will grow. The act of protecting IT systems gives birth to the concept of cyber security (Fischer, 2016; Klimburg, 2017). A recent survey of Australian Cyber Security Centre which was conducted among the partner organizations of ACSC concluded that majority of the organizations has suffered security breaches in last year. It is accounted that Australia is the only country which has a maximum number of recorded cyber security incidents than rest of the world. Australian businesses are experiencing losses up to the average budget allocated to security. 58% of the organizations are facing this serious issue of cyber security threats and issues. It is accounted that in 99% of the organizations phishing and social engineering were the most common methods of cyber attacks followed by malware and denial of services (Pearce, 2017). Another cyber crime issue was held in the US health insurer anthem. An administrator noticed that there is an unusual complex query which was running on their computer networks. This resulted in the exposure of sensitive and valuable information of patients and has revealed the unpre pared nature of health industry towards these kinds of cyber attacks. Moreover, recently at a leading childbirth charity, a computer hack resulted in breaching and loss of information of more than 15000 expectant parents including their usernames, email address, and passwords. It happened because of a breach of national childbirth trust (Pearce, 2017). Some of the issues mentioned above are against the law as well against the ethical aspect, thus proved unethical. There is a need to have a significant balance between the privacy and security. In this developing world of e-commerce and internet, privacy is one of the important aspects. Privacy is defined as the right of a person specifying the boundaries and limitations which limit the extent to which the rest of the people can intrude upon or interact with. A person is having full right to control the information related to him or her. The meaning of privacy differs from person to person and everyone see privacy with a different perspective (Business Dictionary, 2017). Similarly, security is the act of the organization to secure and protect digitally transmitted and stored information. Hence, it is very important to identify, understand and analyze ethical issues on privacy and security and associated implications of it. According to the theory of utilitarianism, it states that the decision to be made in any situation will come from the one which is the most advantageous to most and majority of people. The theory states that in the situation where the majority of people are happy with any action, the action will be considered right. Cyber crimes are a result of the lack of knowledge among people about these types of crimes and their happenings. Thus, it can be said that cyber crimes are unethical as well as illegal from the utilitarian theory as it is not benefitting any one and proves to be disadvantageous for all the people. Deontology theory states that when ethics are in play people should stick to their duties and responsibilities during decision making. From the point of view of the people and layman whose information are getting compromised, in this context companies are deontologically wrong in ethical context as they are not adhering their moral responsibilities and duties. The ethical theor y of virtue judges a person by his or her character rather than by any action or work which may deviate from the normal behavior of a person. Thus, the actions of cyber security crime are considered virtually wrong in ethical context as the when the theory judged moral, reputation and motivation of the hackers which seems to be unusual and irregular behavior, so it is considered unethical (Moreland, 2017; Larry Chonko, 2017). In line with the above- stated issues there are some recommendations which can help in resolving the problems. It is recommended that companies and organizations should use the technologically advanced system so that it becomes difficult for the hackers to gain access to the information. The government should make compulsory for every organization to be prepared for any cyber security attack and should have a security system so that the attacks are prevented well before they get worse. Moreover, the government should impose fines on the organizations of not taking proper care of the material personal and confidential information. The companies having personal information of their customers should make a promise to its customers and make them trust on them that their information is safe and secure with the company and there are no chances of compromise and damage to their information. In addition to this, people should be made aware about the illegal and unethical practices of cyber s ecurity crimes so that the number of crimes can be reduced up to an extent. Moreover, the government should also focus on enforcing the strong privacy and security laws and also upgrading the privacy procedures and policies with the objective of maintaining privacy breach. This will make more authorized users of information eliminating many fraud and illegal access. It will also let the user have full control on their information and any access to their information will be done with their consent. The essay starts with the current state of the internet, computer, and technology in the modern world. It also highlights the uses and need of internet and its importance in daily life which leads to the overdependence on the internet. Further, the essay is followed by examples, statistics and recorded cases of cyber security crime which can act as the supporters of our argument. Afterwards ethical analysis of these cyber crime issues is done with the help of ethical theories and it reflects why these actions are wrong when placed opposite ethics. In the end, various recommendations are provided to settle the problems of cyber security crime and with the objective of reducing the number of recorded cyber crime cases. Therefore, a conclusion can be made that no matter how important internet and other information and communication technologies are in our lives, there are many loop holes which affect material and key information of a person, organization or government. So there is a nee d to work hard on this matter to provide better service specifically in the areas of privacy and security and leads to a balance between the two of them. References Business Dictionary, 2017. Privacy. [Online] Available at: https://www.businessdictionary.com/definition/privacy.html [Accessed 13 may 2017]. Conventus Law, 2016. Cyber Security: The Balance Between Security And Privacy. [Online] Available at: https://www.conventuslaw.com/report/cyber-security-the-balance-between-security-and/ [Accessed 13 may 2017]. Fischer, E. A., 2016. Cybersecurity Issues and Challenges: In Brief, s.l.: s.n. Klimburg, A., 2017. National Cyber Security, s.l.: s.n. Larry Chonko, 2017. Ethical Theories, s.l.: s.n. Moreland, J. P., 2017. Ethics Theories: Utilitarianism Vs. Deontological Ethics. [Online] Available at: https://www.equip.org/article/ethics-theories-utilitarianism-vs-deontological-ethics/ [Accessed 12 may 2017]. Pearce, R., 2017. Cyber Security Centre survey reveals alarming rate of data breaches. [Online] Available at: https://www.computerworld.com.au/article/617897/cyber-security-centre-survey-reveals-alarming-rate-data-breaches/ [Accessed 12 may 2017]. Prakash, V., 2017. 1306 words free sample essay on Cyber Crime. [Online] Available at: https://www.preservearticles.com/201106117816/1306-words-free-sample-essay-on-cyber-crime.html [Accessed 13 may 2017]. TechTarget, 2016. Cyber Security. [Online] Available at: https://whatis.techtarget.com/definition/cybersecurity [Accessed 13 may 2017]. The Economic Times, 2017. Definition of 'Cyber Security'. [Online] Available at: https://economictimes.indiatimes.com/definition/cyber-security [Accessed 13 may 2017].

Leadership Approach Paper free essay sample

Organizational behavior comes into play to aid management in enhancing their understanding of human behavior within organizations to better communicate, allocate resources, delegate tasks, plan, organize, direct, and control work activities. The main purpose of understanding organizational behavior is to increase leadership effectiveness, motivate workers, and inspire them to work toward a common objective. Although there are many leadership approaches, we will focus on the situational leadership approach. We will analyze the purpose, strengths and weaknesses of the situational leadership approach, and provide an example of how it can be applied to real situations. Situational Leadership Approach As it name suggests, the situational leadership approach states that leaders should use different approaches as situations change. In short, leaders should be flexible, embrace change as it comes, and be capable of adapting to it. The situational leadership approach is a model that was developed by Kenneth Blanchard and Paul Hersey in 1972. The theory states that leaders should match their leadership style to the maturity of followers and to the specific tasks on hand (Lerstrom, 2008). We will write a custom essay sample on Leadership Approach Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As people within organizations acquire more experience and become more knowledgeable about their job, leaders will need to adapt new leadership styles to keep these people motivated. According to May (2013) the core concept of the situational leadership approach is that â€Å"one size does not fit all†. The best leaders are not only those who have a vision, but â€Å"the most successful leaders are the ones who are able to adapt their leadership styles across a broad range of varying maturity levels readily present within the average organization (May, 2013). † Moreover, using the situational leadership approach suggests that leaders use a mix of other leadership approaches to be effective. According to Phatak (2012), â€Å"The philosophy of a leader should be flexible enough to adapt to situations and changing times. We need a mixture of transactional and transformational leadership techniques to get the job done. The basic idea behind this theory is that one must adapt strategy with changing conditions. † Strengths As mentioned earlier, situational leadership allows for more flexibility. As the world evolves, organizations have to make adjustments to survive. Tomasco (2013) states that with the situational leadership approach, leaders get the opportunity to adapt their leadership style to their followers’ needs. Consequently, as leaders effectively match their leadership style to situations and followers’ needs, work activities will run smoothly, interactions will be more successful, relationships will be built up, and followers will achieve optimum performance. Weaknesses Although the situational leadership approach appears to be the best course of action due to its flexibility, it has weaknesses that one cannot ignore. Phatak (2012) explains that constantly changing strategies with time, a leader will find it difficult to implement new strategies on the go. A long term vision may elude him due to constant changes. † Further, Wile (2013) identifies four weaknesses of the situational leadership approach which are confusion, leadership or management, outside factors, and perception. Indeed, followers may become confused as leaders change a newly implemented leadership strategy as a result of changing conditions. The situational leadership approach is often misconstrued with a management strategy to lead employees to achieve better outcomes. One cannot downplay the impact external factors have on organizations and organizational behavior. Leaders should demonstrate their ability to understand the organization’s external environment and to assess followers’ behavior to implement a leadership approach that will work. Finally, people within organizations have different perceptions and react differently in similar situations. Hence, the situational leadership approach may not give accurate predictions of followers’ behavior. Situational Leadership Approach in Real Life Alan Lerstrom from Luther College did a case study using the situational leadership approach in which he demonstrated how academic advisors can alter their leadership style based on students’ maturity as they advance higher in their studies. Lerstrom applied the Hersey and Blanchard’s model of situational leadership in the case study. The model suggests that effective leaders will adjust their leadership styles in accordance with changing situations and followers’ maturity. According to Lerstrom (2008), Jay, the student in the case study began showing signs of maturity as he better understood the major he wanted to pursue and classes he needed to enroll in. Also, Jay became more confident about his abilities, understood the requirements associated with his major, and was more willing to communicate with the advisor. â€Å"Situational leadership provide theoretical and practical tools that help advisors in understanding changes in the readiness levels of their students, and it suggests patterns for relating to students (Lerstrom, 2008, p. 7). † Conclusion Situational leadership is the approach that states that leaders must be flexible enough to adapt their leadership styles to changing situations, to specific tasks, and to organizational behavior. This study showed that although the situational leadership approach yields positive outcomes it has weaknesses. Thus, it is important to leverage the strengths of the approach to alleviate its weaknesses. For increased effectiveness, leaders will need to use organizational behavior research methods to better understand the situations at hand, their followers’ perceptions, and the organization’s internal and external environments. This method will provide guidance in applying the appropriate leadership style. References Lerstrom, A. C. Advising Jay: A Case Study Using a Situational Leadership Approach. NACADA Journal; Fall2008, Vol. 28 Issue 2, p21-27, 7p May, R. (2013). Basics of the Situational Leadership Model. Retrieved from http://www. businessdictionary. com/article/724/basics-of-the-situational-leade rship-model/ Phatak, O. (June 20, 2012). Pros and Cons of Leadership Theories.

The Sydney S Tourism Industry Tourism Essays

The Sydney S Tourism Industry Tourism Essays The Sydney S Tourism Industry Tourism Essay The Sydney S Tourism Industry Tourism Essay Based on the research methods undertaken and the literature reappraisal researched, the writer efforts to show the findings of the research. Based on the theore3tical grounds and the findings of the primary and secondary research, the findings will farther assist the writer to bring forth decisions and recommendations in order to enable the promotional schemes to assist in hiking a finishs full potency. The writer has researched on the instance survey of the 2000 Sydney Olympics, in peculiar due to their phenomenal success. This procedure has helped the writer to greatly understand the influence of Olympic Games to the touristry development of a finish and will besides assist him to do recommendations in the following chapter which could be applied to the hereafter Olympic host states like London. Sydney, Australia s largest metropolis is the capital of Australia s touristry industry and a popular gateway for the international tourers. Harmonizing to the Tourism Industry council NSW, more than 20 million visitants from Australia and around the universe travel to Sydney every twelvemonth. The NSW authorities has identified 29 regional touristry precincts within Sydney, each with its ain alone property. Sydney is a complete travel finish with arresting beautiful substructure like the Sydney seaport, the opera house, the Town hall Precinct, the parliament, which is the universe s oldest continually runing parliament and the Queen Victoria edifice, which was built as a green goods market to reflect Sydney s wealth, to the Sydney Aquarium reflecting its aquatic life, to its calm beaches and besides the museums and art galleries which are a contemplation of the rich native Aboriginal population of Sydney. Sydney, today is besides a really popular convention Centre in the universe, a nd generates more than $ 600 million a twelvemonth. Harmonizing to The Sydney touristry statistic study ( 2009 ) , Sydney received over 2.5 million international visitants which were 94.1 % of the visitants to NSW and 6.8 million domestic visitants which were 30.1 % of the visitants to NSW by the terminal of December 2009. 56. 2 % of these visitants were leisure travel visitants while 14 % were concern travel visitants. ( NSW Tourism Statistics, 2009 ) . Tourism contributes about $ 27 billion a twelvemonth to the NSW economic system and supports about 158,000 occupations across the State, half of which are in regional countries. The NSW Government has invested $ 51.9 million in the touristry sector, back uping local occupations and concerns. Harmonizing to the Minister for Tourism Jodi McKay, This investing recognises the function touristry plays in driving economic growing across NSW and how targeted support can back up occupations in the industry during these tough economic times. Ms McKay said that $ 30.4 million of the budget w ould fund a broad scope of selling, publicities and touristry undertakings. ( NSW Budget 2009-10, p2 ) Fixing THE BID FOR 2000 GAMES When Australia decided to offer for the Olympic Games in 1991, Sydney was barely on the Global map. Australia was still perceived as the Crocodile Dundee in many of its international markets. The Australian sellers wanted to alter this image of Australia and to project an image of a diverse and modern state with a alone expression and feel. Harmonizing to Interviewee 1 ( Appendix 1 ) , the concern development director ATC, for Sydney, NSW and Australia as a whole, Australia needed an event/ juncture that could supply a monolithic exposure and promotion to the universe and could assist set Australia on the Global Map. The 2000 Games non merely provided this chance but besides created a renewed consciousness of Australia. This position of the importance of finish s image is supported by Morgan A ; Pritchard ( 1998 ) who province that images are the currency of civilizations, reflecting and thereby reenforcing peculiar shared significances and beliefs and peculiar value systems. Harm onizing to Tasci and Kozak ( 2006 ) , finish image could be a important factor in the finish choice procedure of the visitants. Hence, the command was really of import to Sydney with a hope that it would assist to regenerate people s perceptual experiences of Australia as a finish. The Olympic Games are the biggest and most important landmark events in the universe. Hall ( 1992 ) in his book, Hallmark Tourist Events, references three chief driving factors for hosting mega-events: foremost, the honor and acknowledgment that comes from being chosen among international locales. Second, there is an extract of external support for capital undertakings which are justified by the events and 3rd, the economic stimulation that comes from readying for the events, the event itself and the touristry opportunities that follow the events. Harmonizing to Interviewee 3 ( Appendix3 ) the chief ground for Sydney command for 2000 games was to advance Sydney as a global metropolis and to give significant fiscal and economic benefits for Australia along with a positive impact on the metropolis s cultural and societal assets. Sydney s command was alone in a manner that it emphasised on the Green Games and the creed of an Athletes Games . Since the launch of its command in 1991 Sy dney emphasized on its committedness to green games and the province authorities s committedness to supplying the jock s with province of art athletics installations. ( Knight, SOCOG Official Report, 2004 ) . Deborah Meisegeier in her article of Sydney Olympics province s that the installations available to the jocks were so ideal that they received the unqualified indorsement of each of the 25 international federations stand foring all the athleticss of the summer Olympics. In add-on to the installations available, Sydney was a metropolis with natural beauty and boundless enthusiasm for athletics ( Sydney Olympic and Environment, 1995 ) . In December 1990, the NSW Government asked the Federal Government for a grant of A $ 150 million to carry through its understanding with the AOC to instantly get down building of Stage One at Home shrub Bay with the balance to be funded by the NSW Government. on 11 March 1991, the AOC, the City of Sydney and the State of New South Wales signed th e contract backing Sydney as a campaigner to host the 2000 Olympic Games. This determination was embraced by Sydney and Australia as a whole including the autochthonal population and mass media. ( Knight, SOCOG Official Report, 2004, p14 ) . In March 1992, the NSW Prime Minister launched the Sydney Olympic Logo. The design by an Aboriginal creative person Ron Hurley consisted of an impressionistic additive intervention of the canvass of the Sydney Opera House in the five colorss of the Olympic rings. The passage from one coloring material to another was made by utilizing Aboriginal dot art technique. Interviewee 2 ( Appendix 2 ) of Tourism NSW province s that this intervention to the logo in peculiar reached out to the autochthonal population of Australia and the command was strongly embraced by them. The command programme was launched in March 1992 with a merriment walk on the Sydney seaport span which was participated by 130 000 Australians intoning the Share the Spirit command vocal and Banners and flags integrating the command logo were flown from Bridgess, range poles and edifices at over 700 locations. Interviewee 2 ( Appendix 2 ) besides mentions the attempts of the command squad who travelled extensively speciall y three months before the ballots to assorted topographic points like Africa and Asia go toing conferences and carry oning seminars to showcase to the universe that Sydney is capable of hosting an event with great magnitude and excellence. All this difficult work paid off when IOC declared Sydney the victor of 2000 Games on September 23, 1993. With respects to the action program for the games, Interviewee 1 provinces that the NSW authorities realised that planning and organizing the games was a full clip extended occupation and hence in 1993, the NSW authorities put into action its game program with the constitution of the 5 chief commissions which would be responsible for looking after and developing assorted sectors for the games. In 1993, the Sydney Organising Committee for Olympic Games [ SOCOG ] , The Olympic Co-ordinating Authority [ OCA ] , The Olympic Road and Transportation Authority [ ORTA ] , Sydney Olympic Broadcasting Organisation [ SOBO, and Olympic Security Command Ce ntre [ OSCC ] came into signifier. The maps and importance of these commissions is explained farther in this chapter. The estimated budget for the Games was $ 2.3 Billion which was later revised to 2.6 billion, including $ 674 million on installations and locales. In add-on, the Federal and New South Wales authoritiess have allocated $ 4.1 billion for transit undertakings slated to be completed by 2000 ( Sydney Olympic and Environment, 1995, P3 ) . Interviewee 3 provinces that SOCOG and the NSW authorities believed that the Games will assist Sydney to step into the new millenary with a confident, bright and better hereafter if the games are successful. RESTORING FOR THE GAMES The thought of sustainable athletics is comparatively new both in athleticss and environmental circles ( Lenskyj, 2000, P155 ) . Although environmentalism is outstanding as a planetary societal, its application to athleticss merely occurred during the recent times ( Cashman, 2006, P191 ) . Getz ( 1997, P33 ) emphasises that mega events like the Olympic games have multiple intents. They help the hosting metropoliss in urban reclamation and renovation strategies and aid to regenerate decayed or underutilized interior countries. A perfect illustration of this could be seen in the 2000 games where Australia developed an ambitious environmental plan, known as green Games 2000 , which enabled Australia to offer the first eco-friendly Games and the push to win the Sydney 2000 Olympic games. Interviewee 1 provinces that Australia was ever proud to be an environmental painstaking state and hence, felt the demand to integrate this in their command ( Appendix1 ) . He states that the NSW autho rities felt that a successful command would be the 1 that included the turning planetary concerns. The five cardinal environmental countries of the green games were H2O preservation, waste turning away and minimization, pollution turning away, and the protection of important natural and cultural environments. The NSW authorities had chosen the Homebush Bay country for the creative activity of the Olympic Park and small town. At the clip of the command, the Homebush bay was the site for butcheries, mills and an industrial shit. In malice of being located strategically, this country for long was a dumping land and environmentally ignored country. Miss Interviewee 4 of the Sydney Olympic Park Authority states that, the homebush bay country was considered to be developed even before the command for the 2000 games, but the program was neer formulated. However, the command s promise of Green Games gave a opportunity to the NSW authorities to develop the Homebush bay country into one of t he universe s great sporting and recreational Parkss and Olympic small town. Following the Green Guidelines, noticeable environmental development took topographic point in the homebush bay country like, seting 100 000 bushs and 7000 trees, edifice of the largest solar-powered suburb in the universe by usage of photovoltaic cells on all lasting houses in the Olympic Village, debut of the usage of recycled and purified H2O for lavatory flushing and landscape lacrimation and extended usage of recycled edifice stuff. These enterprises resulted in major environmental accomplishments including a decrease in nursery gas emanations by about 10 000 metric tons a twelvemonth compared to similar installations. In add-on these steps guarantee that around 500 million liters of H2O a twelvemonth will be saved from Sydney s chief supply ; over 2.9 million kilogram of edifice waste were recycled, during construction/renovation ( Knight, SOCOG Official Report, 2004, p39 ) .the promise of 5 environme ntal factors was put into action when the SOCOG declared that the Olympic small town will be a theoretical account of environmental consciousness where solar power will be used for street lighting, H2O warming and air conditioning. Bathing and kitchen H2O will be treated on-site for reuse and garden and there will be a prohibition on the usage of environmentally harmful gases in air conditioning, infrigidation and 500 insularity. A perfect illustration of it was seen when Coca-Cola the official patron of the Games was banned from utilizing the harmful HFC gases in infrigidation ( Sydney Olympic and Environment, 1995, P2 ) . Harmonizing to Cashman, the environment record of the 2000 Games was one of the reflecting accomplishments of the Games ( Cahsman, 2006, P196 ) . Prasad and snow in 2004 stated that the solar inventions at the Olympic small town are capturing the imaginativeness of single householders through authorities support programmes such as the PV ( photo Gur ) discount pr ogramme. Giving more inside informations of this programme, Interviewee 4 ( Appendix4 ) states that this is a programme, wherein family, concerns and community groups that install eligible small-scale solar photovoltaic, air current and hydro electricity systems would be eligible to have a discount for the solar recognition. the programme has rebated $ 8,000 since nov2007 and installed more than 50,000 systems ( Solar Homes and Community Plan, Australian Govt. Department of environment and H2O, 2009 ) . DEVELOPMENT OF TRANSPORT AND INFRASTRUCTURE Page and Hall ( 2003 ) province that mega-events can move as a accelerator to speed uping urban alteration. Events like Olympic games can be used as mechanisms to consequence both short and long term alterations to the societal and physical wellbeing of the metropolis. This was really clearly apparent in instance of the Sydney 2000 games which corporate three major urban development enterprises ( Searle, 2002 ) . First was the building of Olympic small town on the 84ha excess defense mechanism site near to the Olympic park. This small town as celebrated earlier was to be built on strong rules of ecologically sustainable development. As Miss Interviewee 4 ( Appendix 4 ) stated from the Olympic study, 2004, after the games this small town would organize a new uptown suburb which would house 5000 people and would promote Sydney s urban conurbation. The second was the building of Sydney s largest urban park on the site of industrial shit. a major metropolitan park, known as the Millenniu m Parklands was constructed, supplying several ecologically distinguishable countries, nature corridors, home grounds and both active and inactive recreational chances. The 3rd enterprise was with respects to the development of conveyance system where in a rail line was to be built linking the Olympic small town and park to the remainder of the rail web so that the usage of public conveyance can be improved and maximised ( Knight, SOCOG Official Report, 2004, p55 ) . To transport out these enterprises, the SOCOG formed a separate Authority known as the Olympic Road Transport Authority [ ORTA ] in 1997 ( Cashman, 2006, P201 ) . The Nsw authorities subsequently passed on the ORTA Act under which particular Olympic lanes were created. A vehicle could non be driven in an Olympic lane unless it was a public coach or cab, constabulary or exigency vehicle, or was exposing an official Olympic license. Olympic lanes were merely used on specific paths where three traffic lanes were available in that way of travel ( Knight, SOCOG Official Report, 2004, p45 ) . The Sydney airdrome was upgraded at the cost of $ 2 billion. The consequence of this development to the conveyance system led to the smooth and effectual running of public conveyance during the games. With the immense figure of people choosing for public conveyance, the traffic during the games was besides reduced. Furthermore, as the jocks small town and park were in close propinquity and the determination of the SOCOG to present the games in one location within propinquity of 30 proceedingss travel clip from one another required the jocks and media to set about limited manager travel. The conveyance scheme for the Sydney 2000 Olympic Games minimised emanations from vehicles due to the heavy trust on public conveyance. Interviewee 1 provinces that the attempts of ORTA paid away and the imperativeness both local and international plauded the organizers for smooth conveyance operations ( Appendix 1 ) . He besides s tates that the long-run consequence of the betterment to the conveyance system is that the residential agreeableness of many inter-city streets has improved. Harmonizing to Cashman ( 2006 ) , the gap of the Cross metropolis tunnel and the building of the Western Sydney Orbital are few among the many long term programs to better Sydney s transit. Development of Hotel Sector The hotel sector is one of the most important countries of development during any mega event. It is a known fact that big hotels increase their capacities of aid suit the Olympic visitants during the games. There is a immense private investing in the hotel sector. Sydney had increased its hotel room capacity by 25 % for the games. The hotel tenancy was about 100 % throughout the game period. A cardinal substructure proviso for the long-run hereafter of Homebush Bay was the constitution of a hotel right in the bosom of the composite. The Novotel and Ibis Hotel was built right following to Olympic Park station. The hotel complex features 168-room Novotel Hotel and an adjoining 150-room Ibis Hotel. The 19-storey high Novotel Hotel is the tallest edifice on site and provides a birds-eye position over the whole Sydney Olympic Park and as far off as the Sydney CBD from its observation deck. The Regent Sydney, designated the Official IOC Hotel of the Sydney 2000 Olympic Games ( Knight, SOCOG Official Report, 2004, p321 ) . Deborah Mesegeier ( 1995 ) states that in an attempt to command the hotel and nutrient costs, agreements were made to guarantee visitants a cost effectual stay. Hotel rates, including nutrient cost, drinks and wash were based on the norm published monetary values two old ages before the start of the games. Research workers like, Cashman ( 2006 ) , Lenskyj ( 2002 ) and chalip ( 2000 ) have talked about the hotels being closed down or being underutilised after the games, turn outing to be an economic drain to the finish. Both Interviewee 1 and Interviewee 2 province that the NSW authorities was to the full cognizant of this wake and had started taking stairss to avoid this even before the games ( Appendix 1 A ; 2 ) . As a measure towards this the NSW authorities and SOCOG had developed the publicity of MICE touristry particularly at the Olympic park. Chalip ( 2002 ) He noted that the Olympic games have great possible to excite conference and convention concern. Mentioning to the intelligence article by Brooke in 2004, Interviewee 2 says that between the clip Sydney won the command until 1999 Sydney had won 202 commands for MICE concern. The tenancy rate was about 70-80 % in 2001. Over AU $ 500 million were budgeted from the MICE and conference concern four old ages following the games. Brooke ( 2004 ) has mentioned that thanks to the conventions, tenancies at the Novotel Sydney Olympic park averaged to 76 % motivating the Accor group to open its 3rd hotel in the composite in 2004 and a 4th one was unfastened within two old ages in 2006 ( Brooke 2004, the New York times ) . The attending from conventions was at 1.5 million delegates in 2004 which was three clip the 251,280 delegates in 2001 ( Chaplin 2002, P8 ) Developing and Showcasing Australia s Culture Harmonizing to Cashman ( 2006 ) , civilization is an of import facet of the Olympic games. The cultural accent was based on the sentiment that athleticss should play an educational function and be a portion of the balanced development of both the person and the community ( Cashman, 2006, P54 ) . The 7.19 proceedingss presentation of Australia with 12 male childs siting bikes covered with hyperbolic plastic Kangaroos, having Aboriginal motives at the Atlanta shutting ceremonial proved that Australia was good cognizant and ready to hard currency in on the importance of showing Australia to the universe with a new international cultural individuality ( Knight, SOCOG Official Report, 2004 ) .hall ( 1992 ) states that mega events like the Olympics present an chance to expose local accomplishments and cultural attitudes. Interviewee 1 references the Cultural Olympiad, a cultural plan that expressed humanity s quest for peace and harmoniousness ( Appendix1 ) . The plan was to take topograp hic point at seven degrees. The first was the festival of Dreaming which introduced the thought of Aboriginal dreamtime and the importance of ocean. The following was the festival of Awakening which was meant to accommodate the autochthonal and the non-indigenous. The sea of alteration which focused on the part that geographic expedition and in-migration has made for the development of civilization followed. This was followed by making the universe where Australia presented its best acting humanistic disciplines with an accent to the plants of Aboriginal creative persons and performing artists. The cultural programme ended with the festival of Harbour of Life which showcased the universe s many religions, civilizations and societal traditions as one. The cultural programme was received really good by the universe audience. The subject of cultural unity continued to the gap ceremonial where strong public presentations by many autochthonal people executing their traditional dan ces as portion of the Ceremony illustrated the topographic point they fill in the history of this land and in its present ( Knight, SOCOG Official Report, 2004, P335 ) . Sydney s cultural Olympiad was considered a great success to Australian as it helped the authorities to bond with the Aboriginal population and improves its dealingss with them. The NSW authorities and the SOCOG realised and understood the Acceptance and jubilation of diverseness played its portion in pulling the Games to Sydney and in March 2000 established the Aboriginal Cultural Centre at the Olympic park. A twelvemonth after the Olympics the ignite festival was aid at the Olympic park to tag the day of remembrance of 2000 games. Assorted festivals, concerts, exhibitions and events were held. It celebrated the lighting of the caldron at the Olympic park and the park was unfastened to public as a symbol of multi-cultural community. Tourism Promotion Harmonizing to the Tourism Forecasting Council ( 2001 ) , the Olympic Games present an chance to foreground to one million millions of possible tourers what the host state offers as an international finish. It gives a alone chance to advance its touristry merchandise to the international and domestic markets on an unprecedented graduated table. Interviewee 1 ( Appendix1 ) states that with this in head the NSW authorities, Tourism NSw and the Australian Tourist committee ensured that maximal touristry benefit is derived from this one time in a life clip chance. He states that to Australia the 2000 games were non an event of 3-4 hebdomads but were aureate chance to harvest touristry both before and after the games. The ATC obtained US $ 6.7 million from Australian authorities to maximize the touristry chance presented by the 2000 games. The ATC developed a scheme under the slogan Australia 2000-fun and games , which was aimed to better and add value to Australia s international image. ( ATC Olympic touristry Strategy, 2001, P2 ) . With mention to this scheme, Interviewee 3 ( Appendix 3 ) provinces that over 1,000 single undertakings were implemented over a period of four old ages. These resulted into an extra 1.6 million visitants passing US $ 3.5 billion and bring forthing 11 % addition in visitant reachings in 2000. ( ATC Olympic touristry scheme, 2001, P3-4 ) . one of the most successful among the pre-Game touristry publicity undertakings was set uping a dedicated cyberspace web site, www.2000.australia.com. Visitors to australia.com increased merely before the games with the bringing of 7million pages of information. Talking about the website Interviewee 1 ( Appendix 1 ) says that the site contained all the information on the tourer topographic points in Australia along with regular updated information and occurrences taking up to the games. Australia made its presence felt to the universe right from the shutting ceremonial of the Atlanta Games. Towards the terminal of the Atlanta Games, ATC produced several images, docudramas and short movies showcasing Australia. It was watched on telecasting by 3.5 billion people worldwide ( ATC scheme, 2001, P8 ) . It besides conducted Australian Showcase at the shutting ceremonial in Atlanta. The ATC conducted 14 international trade shows along with Tourism NSW and the Sydney Convention and Visitors bureau showcasing Australia non merely as a tourer finish but besides as a finish for merriment filled serious concern with the province of art convention and meeting installations. At all the shows and conventions, the ATC distributed around 2000 media kits that included 50 featured narratives, 86 images one Cadmium ROM and 30 proceedingss of broadcast quality footage covering Australia ( ATC Strategy, 2001, P13 ) . Chaplin ( 2000 ) has pointed out an issue which could be seen repeating in many host metropoliss of the games. He says that, in Olympic twelvemonth, some tourer in cardinal international m arkets might see Australia as being closed during the Games for tourers. In malice of the fact that the games are held for merely three hebdomads, tourers try to avoid the host metropolis all twelvemonth unit of ammunition during the Olympic twelvemonth. With Australia this could hold been a serious job as Sydney remains the chief travel finish among all tourer paths. With regard to this facet in peculiar, Interviewee 2 ( Appendix 2 ) says that this was non truly a job with Australia as along with the Australia 2000-Fun and Games run, the ATC had besides launched the Olympic Effect- Be portion of the action run in which the ATC teamed up with the circuit operators and encouraged them to reassure the visitants that Australia would stay unfastened for concern and touristry before and during the games. Under this programme short profile and narratives on Australia s diverse parts and attractive forces were made and featured throughout the Olympic coverage. The official domestic travel provider, Traveland, developed an array of Tourss that Olympic visitants could buy for travel outside Sydney before, during or after the Games. Cartan, the company responsible for marketing the Sydney Olympics in the United States, included pre- and post-Games travel bundles in its booklets. They offered trips to Uluru, the Great Barrier Reef, and Melbourne. ( Chaplin, 2002 ) . The success of this scheme was apparent from the ATC study of 2001 which showed an 11 % growing in touristry and immense tourer reachings in Australian metropoliss like, Victoria, Brisbane and Queensland during a period taking up to the Olympics ( ATC touristry scheme, 2001, P6 ) . However, one of the most astonishing and alone manner of showcasing Australia was the Olympic Torch Relay. Chaplin ( 2000 ) states that no host state has taken such a good advantage of showcasing it as a touristry finish. Interviewee 3 agrees that the torch relay was really alone and positive one to the Sydney Olympics. The ATC ha d worked really closely with the relay contrivers to utilize images that will showcase Australia as a possible tourer finish. The relay began at Uluru, Australia s most important touristic topographic point, the site of universe s largest monolith. From there the torch was taking to another touristic site of the Great Barrier Reef, to Mount Isa in Queensland and 1000 Australian town Showcasing the existent Australia to the universe. Interviewee 1 says that the relay attracted huge crowd in peculiar as it was the longest torch relay in the history of the games and travelled over 27 000 kilometers carried by 11 000 torchbearers ( Appendix 1 ) . Since winning the command in 1993, the NSW authorities and ATC was really clear of harvesting maximal benefits to Australia as a touristry finish. The post- games touristry development programs and thoughts were set in gesture even before the beginning of the games. Talking about the post-game touristry activities, Interviewee 2 ( Appendix 2 ) says that touristry NSW s station games activity has built upon the work done in the lead-up and during the games. One of the most of import among these was to supply excess support to Brand Australia run started in 1995 before the games. A short promotional picture entitled Australian Games produced by ATC after the games, demonstrated a changed attack to finish selling. It represented Australia as a lively and technologically advanced society. Cashman ( 2006 ) identified the post-games period as the most productive period for touristry. The ATC touristry scheme ( 2001 ) stated that necessary programs and actions have to be implemented while the universe was still fixed on Australia. The legion arresting images of Sydney and Australia with tonss of awards for the success of the games placed Australia in a really powerful place in the international touristry market. The ATC instantly directed a immense selling run to redevelop ATC s cyberspace web site Australia.com to post images of the assorted locales of games, the torch relay along with a figure of positive remarks and infusions from interviews and conferences about Australia. With the Australia- unfastened for concern run already running during the lead up to the games, the NSW authorities and ATC worked towards edifice of the Meeting, Incentives, Conventions and Exhibitions ( MICE ) sector of concern touristry. In 2001 the New Century, New World. Australia 2001 run was started to pull the corporate sector to utilize Australia as a major MICE finish. This scheme seems to hold a positive impact with Sydney today, being figure one conference and convention Centre i n the universe. Sydney won more than 200 commands between 1999 and 2001 and the economic value of the MICE command activity is said to bring forth AU $ 500 million over four old ages following the games ( Chaplin, 2000, P9 ) . Harmonizing the touristry study of TAC, Australia s inward touristry had a strong growing rate of 7.8 % over 2001 to 2010, with 10.2 million visitants expected in 2010. Media Communications and Promotions Nielsen ( 2001 ) references that media is an of import portion in a finish s image formation. This includes the print media, newspapers, diaries, broadcast media like wireless and telecasting and the most popular cyberspace. It acts as a bearer to supply direct information ; society attributes to the populace and creates an image and world. Australia has one of the most sophisticated and extended media webs in the universe. For Australia to shift itself on the universe map, the Australian media was a factor of major importance. Cashman ( 2006 ) says that surveies of the old host metropoliss have shown the importance of managing media to the success of the games. with this in head the Sydney Olympic Broadcasting Organisation was set up to organize the media and was responsible for telecasting the Games to an estimated cumulative planetary audience of 30 billion people. SOBO s function was to supply coverage of every Olympic competition for more than 200 telecasting and wireless Rights Holders. Lenskyj ( 2002 ) says that the Australian media played and indispensable function in determining public sentiment refering Sydney Olympics and to hike public support for all things Olympic ( Lenskyj, 2002, p13 ) . Alternatively of restricting its rights to one functionary Olympic media, the authorities decided to hold two major media patrons: Fairfax and News limited. The torch and ticket gross revenues were given to News Limited and the voluntary enlisting and art festival was given to Fairfax ( Lenskyj, 2002, P16 ) . Cashman says that Y making this the SOCOG ensured that it reached out to both the