Week 2 Individual Paper Essay Example | Topics and Well Written Essays - 750 words

Week 2 Individual Paper - Essay Example The formulas of financial ratios combine the variables of the financial statements. For example the return of equity formula is calculated in the following manner: net income / shareholders equity. Net income is a variable that is found in the income statement, while shareholders equity is an element from the balance sheet. Two financial statements whose elements interact with each other are the income statement and the statement of retained earnings. The total net income illustrated at the bottom of the income statement is a figure that is added to the initial retained earnings balance. Another relationship of interaction among the elements of the statements is between the statement of retained earnings and the balance sheet. The ending retained earnings balance illustrated at the bottom of statement of retained earnings is the same figure that is shown in the equity section of the balance sheet. Changes in one financial statement can affect the other financial statement in certain circumstances. The net income total is used in the statement of retained earnings as a variable that is added to the initial retained earnings balance. For example if a company ended with a year-end net losses that figure would set off a chain reaction which affects other financial statements. The losses are moved to the statement of retained earnings where they are subtracted from the initial retained earnings balance. The final retained earnings balance is then transferred to the balance sheet. Not all changes to accounts in one financial statement affect the other. For instance a change in the debt total in the balance sheet does not affect the income statement in any way. It is important for business professionals to understand the relationship between the four financial statements. The statements together provide a picture of the financial health of an enterprise. A person can make an error analyzing a

Mediation Essay Example | Topics and Well Written Essays - 500 words - 1

Mediation - Essay Example The mediator listens to the different versions of all the parties and calms or reassures them accordingly. The mediator should have active listening skills for this stage to be successful. During this stage, the mediator clarifies statements and questions so that the parties involved understand each other. He or she may also paraphrase the stories given by the parties. The third stage is the agenda setting stage. In this stage, the mediator outlines the issues that require a solution. He or she sets the agenda for the process by summarizing the disagreements or agreements between the parties. The purpose of mediation is to resolve these disagreements in an unbiased way (Drews 44). The fourth stage is the generation of alternatives stage. The mediator employs his or her skills to generate a series of possible options for the parties (Drews 44). He or she may also guide the parties in generating alternatives. In the fifth stage, the mediator asks the parties to choose among the generated alternatives. He or she guides the parties in selecting alternatives that are satisfactory and feasible to them all. The sixth stage is ending stage. In this stage, the mediator writes the agreement as agreed by all parties. A mediation process normally involves three people. The first person is the mediator. The second and third persons are the two warring parties. However, the process may also have â€Å"support people† who assist in signing the agreements. Concluding a mediation process is the last stage of a mediation process. In case a solution is reached, the mediator concludes the process by writing an agreement that is signed by all the parties. However, if the process is not fruitful to come up with a solution, the mediator summarizes the issues raised and thanks the parties for their contributions and making progress. He then ends the session. The first advantage of