Thursday, May 14, 2020

What to Do the Week Before the SAT if You Havent Prepared At All

This is it. You have exactly one week before you head to the testing center and take the SAT. You have not prepared at all before now, and you only have one week - just seven short nights - before you take the test that can help or hurt your chances of getting into the college or university you are  dying  to get into. So, what do you do the week before the SAT that can make any sort of difference in your score? Cram like a maniac? Completely forget about looking at test prep material at all because, after all, what good would it do? Reschedule your SAT? Have a panicky meltdown in the cereal aisle of Target?   Before you get any crazy ideas, take a peek at the things you  should  be doing to get yourself ready this week so you have a shot at getting a good score on test day.   Go Immediately to a Bookstore and Buy an SAT Test Prep Book Go to the store and pick up a test prep book for the SAT. Choose one from either The Princeton Review, Kaplan Test Prep or The College Board. The Princeton Review is the most readable, so Id start there. Make sure the book you buy is for the Redesigned SAT, the test that took over for the old SAT in March of 2016. There will be nothing worse than prepping for a test that no longer exists.   Go To KhanAcademy.org  and Take an SAT Practice Test The Khan Academy has partnered with The College Board, the makers of the SAT test, to provide students with free SAT practice tests to help you get ready for the exam. Ideally, you should have been using this site for the last four weeks to really hone your skills. However, there are still some things you can do on the site to get you better prepared for the test on Saturday. Before we do them, we need to know the areas in which you need the most help. So first, take a full-length practice SAT test. You will need to sign up with your Facebook or email account.   Pinpoint Your Weaknesses At this point, you must focus on the areas of the test in which youre the least proficient. That means, after you take the practice test and the Khan Academy scores it for you, write down or print out the area scores that were the lowest. Was it Math? Great. Youll be zeroing in on that. Youll need to focus on your weaknesses—and exclusively on them—most of this week.   Strengthen Your Weaknesses Since youve narrowed down the areas of primary concern, you need to start pumping them up! Again, go to the Khan Academy website, and complete the practice problems for the areas that you were the weakest, Likewise, go to your test prep book and read through the sections and complete the practice problems in those weak areas. Youre going to spend 4-5 days working on these sections to really boost them up as much as possible. Check out your Strengths   After youve really nailed down your weakest section, spend one day learning about the sections of the test where you scored the highest. Was it  reading? Or writing? Read through the test directions, the content youll need to know, and complete as many practice questions as you possible can. Write a Practice Essay If you havent already, write a timed SAT essay using one of the prompts from the test prep book. Although the essay isnt figured into your overall score and is no longer a required feature of the SAT exam, many colleges and universities still require it and may use it to assess your overall readiness for the program in which youre interested. At the very least, youll get a refresher on writing an essay in a short amount of time.   Take One More Practice Test This time, try to simulate the test-taking experience as much as possible, and take the paper practice test in the back of the book. Sit at a desk in a quiet room. Set a time-limit just like youd have on test day, and work through the problems with efficient test-taking strategies. Dont you dare cheat by getting up in the middle of the test or guzzling a soda in the middle of it, either. Its good to practice disciplining yourself to sit and focus.   Get All Your Stuff Ready The Night Before There are several things you need to do the night before the SAT. First, be sure you have your admission ticket and photo ID ready to go. Then, check for test center closings and plan out your route to the testing center. Set your clock. Get your clothes ready so youre not scrambling in the morning. Want the complete list? See it here.   Relax the Night Before At this point, youve done everything you can do to get ready for the SAT in the limited time youve provided yourself. So...relax. Go out to dinner with your family. Watch an EARLY movie and hit the sack EARLY so you can be bright and refreshed for that early morning wake-up call. You can sabotage all of the hard work youve put in by doing something silly like going out or partying the night before the SAT.

Wednesday, May 6, 2020

The Between Jung s Personality Theory And Costa And...

The Contrast between Jung s Personality Theory and Costa and McCrae s Trait Theory. The purpose of this paper is to describe Peter’s behaviour according to Jung’s personality theory in contrast with Costa McCrae’s trait theory. Jung s personality theory focuses heavily on the unconscious and how people s dreams are interpreted for one to truly realise their true self (Papadopoulos, 2006, p. 8). Costa McCrae s trait theory scores a person s behaviour on numerous traits that comes together to predict their personality (McCrae John, 2006). Peter is in dilemma over whether he should quit his job and become a primary care-giver due to the negative emotions he is experiencing but is also afraid of going against society norms and how they will judge him. Jung was a psychoanalytical theorist who suggested that personality is influenced by factors deep in the unconscious such as dreams and fantasies (Papadopoulos, 2006, p. 8). His main therapeutic outcome is for people to go through the individuation process in order to realise who they truly are in relation to other and apart from others (Schultz Schultz, 2012, p. 115). He believed the psyche was comprised of the ego and two different levels of the unconscious; the personal and collective unconscious. The ego contains a person’s awareness of their emotions, memories and thoughts. The personal unconscious is comprised of repressed or forgotten memories, knowledge and experience (Crellin, 2004, p. 5). Jung also talksShow MoreRelatedThe Role Of Individual Differences Within The Own Management Practices And Ob Outcomes2156 Words   |  9 Pagespractices and OB outcomes. Introduction What is Personality? Personality is a series of characteristic thoughts, feelings and behaviour that differentiates one human being to another and that continues over time and situation (Phares, 1991). 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Tuesday, May 5, 2020

General Purpose Financial Reporting and Conceptual Framework

Question: Discuss about theGeneral Purpose Financial Reporting and Conceptual Framework. Answer: Introduction The financial statements of the company are very important for the success of the organization. It is because it represents the state of affairs of the company as on date and the financial performance that the company has earned during the year. If the financial statements are not prepared in an efficient manner then the company will have the bad reputation in the market. For the purpose of this report the company Wesfarmers Limited has been selected. Through this report, the importance of having the framework of accounting has been discussed. At first the report has followed the general purpose financial reporting and the conceptual framework of accounting has been discussed and after that the major head of the companys noncurrent assets Property Plant and Equipment have been mentioned. This major head has been discussed with regard to the compliance with the principles of the conceptual; framework of accounting and the rules of the general purpose financial reporting and then it has been critically analyzed whether the disclosure made by the company is in compliance with the objectives of general purpose financial reporting. The business research has then ended up with the appropriate conclusion. Part (A) Financial Reporting As per Statement of Concepts number 2 on objectives of general purpose financial reporting, the general purpose financial report is defined as the financial report which has been prepared for the users of the financial statements who were unable to emphasize on the preparation of report in accordance with their needs. These users includes the customers to whom the goods and services has been sold, the suppliers from whom the goods and services has been purchased, etc. (AASB, 2001). The conceptual framework of accounting is the structure within which the accounting is performed and the financial statements are prepared. The framework so structured is on the basis of the accounting concepts, rules and procedures laid down by the standard setting bodies like AASB, IASB, etc. It is main purpose is to have the financial statements in accordance with the standards which are universally applicable like International Financial Reporting Standards. As per the Statement of Concepts number 8 on the Conceptual Framework OB1, the general purpose financial reports plays as a platform for the conceptual framework of accounting. This acting as the platform is counted as the basic objective of the general purpose financial reports. The objectives of the general purpose financial statements has been listed in paragraph number OB 1 to OB 21 in the statement of concepts number 8 on the conceptual framework. The second objective of general purpose financial report is the provision of the financial information of the entity which is mentioned as the reporting one to the users of the financial statements which can take the decision on the basis of the analysis done. The users include the creditors, debtors, financial institutions, etc. The decision is related to the buying of goods, selling of goods, purchasing the shares of the company or sanctioning the loan to the company, etc. The other objective is to make the reasonable assessment of the future cash inflows that the company will be able to generate. This is because the investors and creditors both current and potential wants to know about the resources from where the company will generate its resources and the claims if any have the company from others and the how far the management of the company will be able to manage the resources and how far they can have the maximum use out of it. Apart from the objectives, the paragraph number QC1 to QC 39 contains the qualitative features of the conceptual framework of accounting. As per paragraph number QC 4, the qualitative features of the financial information is the relevant and faithful representation. These features are also termed as the fundamental qualitative features (AASB, 2010). These features are for if the financial information to be useful. The usefulness of the same is increased when the users think that now it is comparable, understandable and one can easily verify the same and the last is financial information is timely provided. Part (B) Disclosure Requirements Ppe The company that has been selected for the purpose of conducting the business research is the Wesfarmers Limited. The company is incorporated in the country of Australia and is listed in the recognized stock exchange of Australia. The company has mentioned the detailed note on the property plant and equipment in the note number seven. As per paragraph number 74 of the Australian accounting standard number 116 of the property plant and equipment, the companies are required to disclose the following (AASB, 2010): The basis of measurement used for calculating the gross carrying amount of an asset The methods of the depreciation used The estimation of the useful life of the noncurrent assets. The amount of the carrying amount at the beginning of the year and the balance of the accumulated depreciation and also at the end of the year. The reconciliation sheet containing the gross carrying amount at the beginning, additions made to the asset, deductions made out of the asset and the net carrying amount at the end of the period. The note number seven of the financial statements has disclosed the following: The principle of recognition of the asset and the measurement of the value as the carrying amount is the cost of an asset less the amount of the depreciation and the impairment if any. The estimated useful life of assets which includes building from the life of 20years to 40 years; plant and equipment 30 years to 40 years and land is appreciated. The reconciliation sheet for the immediately two consecutive years containing land, building, leasehold improvement and plant and equipments. The net carrying amount as on 30th of June 2017 is 9440 million dollars (Company official Website, 2017). It depicts that the company has met the disclosure requirements of the AASB 116. Part (C) Disclosure Fulfillments Ppe The disclosure made by the company in the respective note number 7 of the financial statements satisfies the fundamental feature of faithful representation. The concept of faithful representation lies on the three pillars namely: Complete Error Free Neutral All the three pillars have different meaning. It entails that the information provided shall be complete in all the manner, information shall not in any manner contain the errors or frauds or mistakes or discrepancies of any kind and the last is that the information so contained shall be neutral free which means the information so provided shall not affect the users of the financial information in any manner and shall not be affected by any personal bias. The enhancing qualitative feature that has been provided by the note number 7 is the understandability. Any person or any users of the financial statements can have the understanding of the accounting policy and the treatment adopted by the company by having the reading of the content of note number 7. Thus, the disclosure made by the company in the financial statements has achieved the characteristic of the faithful representation and the understandability. Part (D) Ppe Meeting Objectives Of Financial Reporting The disclosures made by the company in their financial statements have achieved the objectives as laid down by the general purpose financial reporting. The main objective is that to provide the meaningful information to the users of the financial statements like to the creditors, investors including the investors who want to invest in the company which is known as potential investors. As per the note number 7 of the financial statements, the company has fully disclosed the accounting policies in relation to the measurement and valuation and the estimates made by the management in defining the estimated useful life of the assets. Thus, it is very clear that the financial statements of the company have disclosed the information relating to property plant and equipment in consonance with the objective of the general purpose financial reports. Conclusion The general purpose financial reporting and the conceptual framework of accounting play a very key role in the financial accounting and financial reporting. To conclude the study although the company has been able to comply with all the accounting policies and the procedures and the principles of the accounting standards as laid down by the different standard bodies but still the company is required to improve the quality of the financial statements in order to make the comparison of the company easier with other companies operating in the same industry. References AASB, (2001), Objectives of General Purpose Financial Reporting, available at https://www.aasb.gov.au/admin/file/content102/c3/SAC2_8-90_2001V.pdf accessed on 25/09/2017. AASB, (2010), Conceptual Framework, available at https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176157498129acceptedDisclaimer=true accessed on 25/09/2017. AASB, (2010), Property Plant and Equipment available at and https://www.aasb.gov.au/admin/file/content102/c3/AASB116_07-04_ERDRjun10_07-09.pdf accessed on 25/09/2017. Company official Website, (2017), Annual Report 2017 , available at www.wesfarmers.com.au/ Accessed on 25/09/2017.