Saturday, December 28, 2019

Aristotle s Best Advice For Leaders - 1909 Words

In The Price, Machiavelli lays out his best advice for rulers. His main point to rulers is to do whatever is necessary to remain in power. He looks at how effective a leader is and what the leader was able to accomplish. He is not concerned with the morality of the leader or the good acts the leader performed. To Machiavelli a leader should do anything and everything to protect his rule. He lays out directions for leaders in charge of different types of governments, informing them of the strengths and weakness of their particular regime. He makes sure that all leaders know how they can successfully stay in power and take power from others and thus become good leaders by Machiavelli’s standard. In Nicomachean Ethics, Aristotle offers his best advice for leaders. His focus is on the behavior of the leader. Aristotle’s primary argument is that to be a good leader, one must know oneself, and know how to be a good person. Aristotle spends much of Nicomachean Ethics explaining how to become a good person and what being a good person looks like. Throughout the book Aristotle explains the character traits good leaders display and the things good leaders should possess. Aristotle says that only people who are experienced and possess high levels of virtue should be leaders. He argues the character of a leader is what makes a person a good leader. When one reads The Prince by Machiavelli and Nicomachean Ethics by Aristotle, a very interesting conundrum is proposed. On one handShow MoreRelatedComparing Aristotle And Niccolo Machiavelli Essay1698 Words   |  7 Pageshas been used to describe both Aristotle and Niccolo Machiavelli, but does that term do the work of either man justice? From the outset it is very easy to see the philosophical differences between the two men and their visions of the political system(s). It is fairly obvious that both men were products of their times, Aristotle coming from the end of the Golden Age of Greece and Machiavelli coming from end of Medieval Europe, but in both cases their ideas and advice have endured the centuries andRead MoreThe Aspects Of Business Ethics1435 Words   |  6 Pages13 years, and there are regulations that pertain to these three topics. The Armed Forces is a very diverse organization, and all entities stress regulations and procedures when it comes to equal opportunity. During my time in the U.S. Army, I had leaders of all different race, gender, and ethnicity. We all knew that we were a team fighting for one another if it came down to it. There were classes given about discrimination, equal opportunity, and sexual harassment to keep us aware of the workplaceRead MoreAlexander The Greats Influence On The World1431 Words   |  6 Pagespleasures or anything like that, however, he had infinitely ambition which created him a good leader. Alexander strengthened his position in the power, he tamed people that were trying to make a revolution to take power in their hands. To get support from wealthy and other people in Alexander’s kingdom, he canceled taxes, and killed other people that might claim for the king’s position. Alexander was a great leader, and had plans to enter the war not only with some kingdoms, but to capture and controlRead MoreOutline Of A Successful Leader1677 Words   |  7 PagesKristen Hofner November 11, 2014 To be a successful leader, you must motivate others to achieve their full potential, lead by example and be influential to your team. Memorable leaders all possess these key qualities, and when used correctly, will facilitate successful leadership. Even if a great leader innately possesses these qualities, leadership skills can also be developed and gained through building up your confidence, practice and experience. The basis of leadership is seizing the beliefRead MoreEthical Decision Making And Religious Faith Essay1244 Words   |  5 PagesUnited States military. Ethical decision-making or moral decisions has been defined (Gibson, 2004) essentially as the use of moral judgment to aide in the process to determine the right conclusion when faced with a conflict in â€Å"norms or rules†. Aristotle was seemingly the first to announce that he believed that â€Å"virtuous people acted within moral guidelines,† (Coleman Wilkins, 2004), consequently moral people make virtuous moral decisions. This succession of thought was accepted as true perhapsRead MoreThe Real Tragic Hero Of Sophocles Antigone3370 Words   |  14 PagesBrennan Vicker John Carlberg English 102 9 December 2014 The Real Tragic Hero in the Play Antigone A tragic hero according to Aristotle is someone who is of high nobility, and has a major internal character flaw. That flaw will eventually by the characters ultimate demise which is most likely death. If their demise doesn’t end in a death the tragic hero usually goes through a catharsis. The most common flaws of a tragic hero are hubris, pride, and stubbornness. Tragic heroes can be found throughoutRead More George Gemistos Plethon on God: Aristotle vs Plato Essay4387 Words   |  18 PagesGeorge Gemistos Plethon on God: Aristotle vs Plato In this paper I examine George Gemistos Plethons defense in his De Differentiis of Platos conception of God as superior to that of Aristotles. (2) Plethon asserts that the Platonic conception of God is more consistent with Orthodox Christian theology than the Aristotelian conception. This claim is all the more interesting in light of the fact that Plethon is, as it turns out, a pagan. I argue that Plethon takes the position he does becauseRead MoreCreativity And The Creative Personality1479 Words   |  6 PagesCreativity is a specific human activity, which is manifested most fully formed personality (D. Piryova). The problem of the psychology of creativity and the creative personality is rooted in antiquity, especially in the writings of Greek philosophers Aristotle and Plato. In more recent times the need to explore creative activity highlighted by Descartes and Leibniz. L. M. Terman made first attempts to study the psychological character of creativity of children with highly dev eloped skills. In terms ofRead MoreSocialism : A Controversial Topic That Americans Either Love It Or Hate It?1533 Words   |  7 PagesS By: Jaden Fisher 05/4/16 ocialism is such a controversial topic that Americans either love it or hate it. People are either educated on the consequences involved with adapting a socialist government or they firmly believe that socialism will be the solution for the United States’ problems. To tell you the truth, socialism will have a negative effect on our society. It may not seem as though capitalism is working for the U.S. based on its huge national debt as well as its wealth disparity, but stayingRead MoreMalcolm X the Tragic Hero1843 Words   |  8 PagesRandi Francis English II Final Paper December 11, 2001 Malcolm X and The Shakespearean Tragic heroes Aristotle defines a tragic hero as good but flawed, must be aristocratic, must be believable, and must behave consistently. -Aristotle. The Muslim leader Malcolm X can be compared to such tragic heroes such as Othello and Hamlet. Malcolms life and his personality have similar traits from both of the famous Shakespearean heroes. In this paper we will look deeper into the life

Friday, December 20, 2019

Determinants of Marijuana Use Essay - 1052 Words

Marijuana is a popular and universal drug. It is easily accessible to most people and is the number one illicit drug used in North America. Although the availability and knowledge of this drug is fairly equal for all people in North America, marijuana tends to be more prevalent in teenagers and young adults. Maisto, Galizio, and Conners (2004) reported that use of marijuana [in young people] was 8.0% among those aged 12-17; 16% among those aged 18-25, as compared to 6.8% among those aged 26-34; and 2.4% among those 35 and older. People of all ages, races, and religions use marijuana and have their own reasons to use it. Young people first try marijuana because of some common reasons. Some teenagers feel pressured by their peers to†¦show more content†¦With this high percentage of students using marijuana and the availability of the drug being so vast, teenagers find it hard to stay away from this substance. As some teenagers are pressured in to using marijuana, others are in terested in experimentation. Many young people who are curious about drugs tend to try marijuana because it is viewed as the safest illicit drug. The popularity of the drug, talk of legalization, and media all contribute to marijuana being seen as a safe drug. Aforementioned, many young people use this highly accessible drug. People begin to think that if everyone else is doing it without harm, then they can too. It is well known that marijuana alone has never lead to death and has only been associated with fatal accidents when combined with alcohol or other drugs. These unthreatening ideas of marijuana combined with the constant debate about legalizing or decriminalizing the drug, persuade people to believe that it is safe and will not do them any harm. The most significant way this idea is developing is through the media. Although there are many anti-drug commercials and campaigns, the amount of television shows, movies and songs involving marijuana outweigh them all. In an articl e about marijuana in the media, Gary Oetjen, assistant Drug Enforcement Administration special agent, says that television is glamorizing the usage of [marijuana] and these young kids believe they can get awayShow MoreRelatedHealth Policies and Health Determinants1438 Words   |  6 PagesDiscuss the ways that health can be conceptualized by a society. What are the determinants of health in humans? What is the connection between how a society defines health and how it pursues health? Has increased access to technology changed that perception over the last decade? Discuss the connection between health policies, health determinants, and health. Abstract Health policies, health determinants and health are all categories that are intertwined with one another. As technologyRead MoreThe Psychological And Psychological Aspects Of Drug Use Prevention Programs1593 Words   |  7 Pagescan be done to prevent adolescent marijuana users from shifting to harder drug use?† This paper specifically is referring to adolescents within a secondary education level, between the ages of 12 to 19. Introduction This paper will emphasize the necessity of school-based drug use prevention programs by supporting the psychological growth and understanding of the harmful effects of drug abuse. Forming healthy parent-child relations, external social determinants, and the neurobiological imbalanceRead MoreSubstance Abuse : A Public Health Problem Among American Children And Adolescents1561 Words   |  7 PagesSubstance use and abuse is a definitely a public health problem among American children and adolescents. According to the Merriam-Webster dictionary, substance abuse is the excessive use of a drug or the use of a drug without medical justification. There are various different substances that adolescents are abusing. Alcohol is the most abused in adolescence with four in ten high school seniors consuming some type of alcoholic beverage in the past month and more than one in five engaging in bingeRead MoreShould Marijuana Be Legalized?1565 Words   |  7 PagesMarijuana Legalization From mandatory crop to illegal drug, cannabis has gone from revered to criminal in the course of United States history. Its fall from grace has been an education in mass hysteria, propaganda, market manipulation and greed. Fortunately, for those suffering debilitating medical conditions and those that wish to enjoy its euphoric effects alike, it appears that the pendulum is swinging in the opposite direction. The close of the 2015 legislative session revealed a potentialRead MoreBefore Delving Into The Economics Of The Proposed Policy,1554 Words   |  7 PagesBefore delving into the economics of the proposed policy, the paper will first show why marijuana is the safer alternative, but as previously mentioned, alcohol and marijuana are still harmful to the body, just in different magnitudes. The World Health Organization (WHO) has been able to directly identify 30 diseases that are attributable to alcohol consumption and although these disorders are not as fatal as other chronic d iseases, they still rank fourth among the most disabling diseases in lowRead MoreAlcohol And Cannabis : The Second And Third Most Consumed Drugs Behind Tobacco For New Zealanders Essay1388 Words   |  6 Pages2007). Oceania (Australia and New Zealand) exhibits the highest rate of cannabis use in the world, with 9.1-14.6% of the population aged 16-64 using cannabis. In conjunction, more than one third (males 38.5%, females 37.9%) of New Zealand youths aged 13-17 have smoked marijuana at least once, with 7.9% of males and 5.7% of females indicating weekly use (Watson, Clark, Sporle, Merry, Adair, et al., 2003). Alcohol use is much more prevalent, with 95% of the New Zealand population aged 16-64 havingRead MoreTreatment For Diabetes Requires Refining And Management Of The Patient s Lifestyle921 Words   |  4 Pagesliving with diabetes. Reducing the symptom Is sometimes much more than Changing a person s â€Å"bad habits† it s fixing the problem at its core. This means extra efforts are needed to address the problems with the disease and change the societal determinants at the root of these problems. Future plans for diabetes involve, increasing knowledge of the disease and its prevention, creating research into a cure, and promoting a better system of support for people with the disease. Many health care specialistRead MoreThe Problem Of Health And Wellbeing1506 Words   |  7 Pagesnecessary to be aware how problems of socio-economic status and race lead into child protection conclusion. One research finding showed some factor of disadvantages such as neglect as the primary form of child abuse, violence, poor housing and substance use that affects the decision in child welfare system (Stokes Schmidt 2011). Another study revealed that Indigenous children in Australia are ten times most likely to be subjected to some sort of child protection order. One reason that was discussed wasRead MoreDrug Testing Of Middle School Students1251 Words   |  6 Pageswho were randomly drug tested are less likely to continue the drug use as an adult. Studies show that when students get jobs, money, and cars they have the easiest access to drugs. Among the studies it has been found that students who have drug tests earlier in life will be less likely to continue the drug use. By drug testing young kids you can show them that there is consequences for their actions. Often times the spike in drug use among students is noticeable in the junior year of high school. OnceRead MoreHealth Inequalities Experienced By Aboriginal And Torres Strait Islander People1222 Words   |  5 Pagesau/publications/achieving-aboriginal-and-torres-strait-islander-health-equality-within-generation-human#a-the Health inequities are extremely detrimental and could be abridged by a development of government policies. 2. Choose 1 of the following 3 determinants. Analyse the impact it has on the health inequalities you have described in Question 1. (8 marks): a) Sociocultural – family, peers, media, religion and culture b) Socioeconomic – employment, education and income c) Environmental – geographical

Thursday, December 12, 2019

Emotional intelligence The rapprochement of reaso Essay Example For Students

Emotional intelligence: The rapprochement of reaso Essay n and emotion The past few decades have seen increasing interest in emotion research. Although much remains to be learned, agreement is beginning to emerge regarding the way emotion should be viewed. Emotions provide a unique source of information for individuals about their environment, which informs and shapes their thoughts, actions, and subsequent feelings, and there is a growing view that emotion information can be used more or less intelligently. A notion central to emotional intelligence theory is that individuals differ in their ability to perceive, understand and use emotional information, and this ability significantly contributes to intellectual and emotional well-being and growth. Emotional intelligence as a concept has prospered, in part, because of the increasing personal importance of emotion management for individuals in modern society. Indeed, researchers have commonly claimed that emotional intelligence predicts important educational and occupational criteria beyond that predicted by general intellectual ability (e.g. Elias Weissberg, 2000; Fisher Ashkansy, 2000; Fox Spector, 2000; Goleman, 1995; Mehrabian, 2000; Saarni, 1999, Scherer, 1997). Furthermore, the chief proponents of emotional intelligence appear to have made strides towards understanding its nature, components, determinants, effect, developmental track, and modes of modification (Matthews, Zeidner Roberts, 2001) Since Golemans (1995) best-seller, Emotional Intelligence, popularized the concept, researchers have used an extensive number of attributes or abilities drawn from psychology to define emotional intelligence. Golemans book contains definitions and descriptions of what he identifies as the five key components of emotional intelligence: knowing emotions, managing emotions, motivating oneself, recognizing emotions in others, and handling relationships. Goleman attributes varying sets of personality attributes to each component, the final effect being that most of personality is covered by his definitions. Towards the end of his book, he claims there is an old-fashioned word for the body of skills that emotional intelligence represents: character (p. 285). As such, variations in the manner with which people think, feel, and act are ostensibly ascribed to differences in disposition and style. The notions of disposition and style however do not accommodate for the flexibility with which people interact with the world, according to Mischel (1990). In fact, claims by proponents of a trait-based theory of emotional intelligence have yet to produce any serious supportive evidence (Davies, Stankov, Roberts, 1998; Epstein, 1998; Mayer Cobb, 2000; Mayer, Salovey, Caruso. 2000). Mischel argues that peoples experiences of the world are selectively constructed, and that the range of potential thoughts, feelings and behaviours that people engage within and across situations are largely determined by information-processing competencies. Emotional intelligence researchers focus on disposition and style arguably needs therefore to be augmented by a deeper understanding of these competencies if we are to better understand why people behave and respond to affective information in the ways that they do. Exploration of such competencies, when it has deviated from general intelligence, has centered mainly on social problem-solving skills and abilities that are often broadly grouped under the concept of social intelligence. Social intelligence involves understanding how to convince others to do things, how to manage power relationships, and how to manage power relationships, for example (Mayer, Salovey ; Caruso, 2000). Given the rich affective content of social situations and problems, researchers such as Salovey and Mayer (1990) believe that emotional competencies are fundamental to social intelligence. In addition, some investigators (e. g., Showers and Kling, 1996) believe that peoples self-knowledge and inner life is fundamentally influenced by emotional competencies. In this context, emotional intelligence seems to be more focused than social intelligence. Emotional intelligence relates directly to emotional phenomena, and can similarly be applied to a wide variety of emotional situations and problems entrenched within both interpersonal and intrapersonal experience (Epstein, 1998; Saarni, 1997; Salovey Mayer, 1990). There is much criticism from proponents of traditional notions of IQ however, as to the validity and relevance of emotional intelligence (where did those refs go). The modern interest in emotional intelligence stems from a dialectic in the field of human abilities research that resonates with the same tones as that of the centuries long reason vs. .u5ef543d4b0880af3c0cc2afb1b8a7d42 , .u5ef543d4b0880af3c0cc2afb1b8a7d42 .postImageUrl , .u5ef543d4b0880af3c0cc2afb1b8a7d42 .centered-text-area { min-height: 80px; position: relative; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 , .u5ef543d4b0880af3c0cc2afb1b8a7d42:hover , .u5ef543d4b0880af3c0cc2afb1b8a7d42:visited , .u5ef543d4b0880af3c0cc2afb1b8a7d42:active { border:0!important; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .clearfix:after { content: ""; display: table; clear: both; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u5ef543d4b0880af3c0cc2afb1b8a7d42:active , .u5ef543d4b0880af3c0cc2afb1b8a7d42:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .centered-text-area { width: 100%; position: relative ; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u5ef543d4b0880af3c0cc2afb1b8a7d42:hover .ctaButton { background-color: #34495E!important; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .u5ef543d4b0880af3c0cc2afb1b8a7d42-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5ef543d4b0880af3c0cc2afb1b8a7d42:after { content: ""; display: block; clear: both; } READ: Bowling: A Growing Sport Essay emotion debate. The conflict between reason and emotion The tension between exclusively cognitive views of what it means to be intelligent and broader ones that .

Thursday, December 5, 2019

Financial Accounting of JB Hi-Fi Limited Australia †Free Samples

Question: Discuss about the Financial Accounting JB Hi-Fi Limited. Answer: Introduction JB Hi-Fi Limited is a publicly-listed company on the Australian Stock Exchange and a fast growing retailer of consumer goods and home appliances which include hardware and electronics. Its head office is in Melbourne and has 112 stores in the whole of Australia and New Zealand. Its competitors include Target Australia, Big W, Harvey Norman and David Jones (JB-Hifi, 2016). The Annual Report for the financial year ending 30 June 2016 has been referred to for the purpose of this assignment. Total value in the consolidated financial statements the following items at the end of the year Account Head Total Value as on 30 June 2016 ($000) Cash Cash Equivalents 51,884 Inventories 546,437 Sales Revenue 3,954,467 Other Income 546 Plant Equipment 183,570 Interest Expense 3,857 Sales Marketing expenses 404,575 Occupancy expenses 173,792 Trade Other payables 384,928 Borrowings (Non-current) 109,736 Normal balance for each of the accounts Account Head Normal Balance Affect on decrease Cash Cash Equivalents Debit Balance Credit Side Inventories Debit Balance Credit Side Sales Revenue Credit Balance Debit Side Other Income Credit Balance Debit Side Plant Equipment Debit Balance Credit Side Interest Expense Debit Balance Credit Side Sales Marketing expenses Debit Balance Credit Side Occupancy expenses Debit Balance Credit Side Trade Other payables Credit Balance Debit Side Borrowings (Non-current) Credit Balance Debit Side Accounts that are affected Apart from the dual impact of debit and credit, the multiple impacts of this debit and credit on other accounts has also been analyzed and presented below. Cash Cash Equivalents Increasing Cash and Cash Equivalents is possible by increasing the revenues, other incomes or reducing the expenses. The impact of this is seen by the way of increase in the profits which is further attributed to the owners in the form of Reserves and Retained Earnings (JB-Hifi, 2016). The increase in Cash and cash equivalents can also be invested in current or noncurrent assets and utilized in acquiring tangible assets like Inventories and Plant and Equipment (Horngren, 2013). Similarly, the increase in Cash and Cash Equivalents can also be utilized to pay off the current liabilities like Trade and other payables or noncurrent liabilities like Borrowings. Inventories The increase in inventories will decrease the balance of Cash and Cash Equivalents due to the investment required for the same (Portor Norton, 2014). In the Statement of Profit and Loss Account, the balance in Closing Stock will also increase. If the inventories have been acquired on borrowed money, then the finance costs in the form of interest expenses will also increase. If the inventories have been purchased on credit, then the balance of Trade and other payables will increase accordingly. Sales Revenue Sales Revenue increase has a direct impact on shooting up the profits. But there will be additional costs involved to achieve this increased revenue in the form of an increase in the cost of sales, selling and marketing expenses, administration expenses, and other expenses (JB-Hifi, 2016). This increase in profits will lead to increase in the balance of retained earnings and reserves. If the increased sales revenue has been achieved in cash and cash equivalents, then the cash balance will increase (Berk et. al, 2015). Else if the increased sales revenue is achieved on credit basis, then the balance of trade and other receivables will increase to the corresponding extent. Other Income Other income comprises of the items that are not directly sales revenue. But the nature and impact of an increase in other income is similar to that of sales revenue. There are not much direct and indirect costs involved for increasing other income as it is mostly earned in connection with the other business activities. If some nominal expenses are incurred, then this increase in other income will lead to an increase in such expenses (Subramanyam Wild, 2014). The profits will increase to reflect the impact of increased other income and the balance of Reserves and Retained Earnings will increase accordingly. In most cases, the other income is earned in cash (Brealey et. al, 2011). So the balance of Cash and Cash Equivalents will also increase accordingly. Plant and Equipment Plant and Equipment forms a part of the Non-Current Assets. To acquire plant and equipment, the cash balance is required, so the Cash and Cash Equivalents will decrease to that extent. The increase in plant and equipment will also lead to increase in depreciation expense. The related expenses are occupancy expenses, administration expenses which cover insurance expenses and the running costs involved. If more staff is required to be employed for operation of the Plant and Equipment, then these costs will increase accordingly. If the Plant and Equipment have been acquired on credit, then the borrowings will increase and the associated finance costs in the form of interest expenses will also increase (Berk et. al, 2015). The immediate impact of this increased investment in Plant and Equipment cannot be seen but the long term impact is seen by the increase in revenues and profits. Interest expense (Financial costs) Interest expenses increase when additional capital is required for the business and borrowings have been opted for the same (Guerard, 2013). Hence the increase interest expenses can be directly linked to the increased borrowings. Interest is also levied on the taxes due which are included in the current taxation liabilities. If this additional capital and increased interest expenses have turned out to be favorable for the business, then the increased sales revenue is seen. Else the increased interest expenses will bring down the profits. Sales and Marketing expenses Sales and marketing expense are incurred to achieve a higher sales revenue and in turn higher profitability for the business. Hence increase in these expenses will lead to increase in Sales Revenue (JB-Hifi, 2016). As expenses are incurred, the payment for the same is either in cash or on credit basis. This will lead to a reduction in the balance of cash and cash equivalents or an increase in the balance of the trade and other payables which include all the current and short-term liabilities payable by the company. Occupancy expenses This refers to the costs incurred for acquiring additional office spaces or such other areas of business operation. The increase in occupancy expenses leads to a decrease in the balance or cash and cash equivalents and an increase in the balance of trade and other payables (Christensen, 2011). Apart from this, all the other administration and operational expenses are set to increase due to the additional costs to be incurred for running a business from the additional spaces. The impact of this can be seen by the increase in the revenue due to the increased sales achieved and the corresponding increase in profits if the additional business spaces turn break even and get converted into profitable areas of operation (Deegan, 2011). Trade and other payables Trade and other payables increase due to the purchase of goods or acquisition of services on credit. It reflects the balances outstanding and payable by the company (Graham Smart, 2012). As payables have increased, the cost of sales which includes the purchases will also increase. Apart from this, every other item of expenses or cost which is kept outstanding like employment expenses or marketing expenses or administration expenses will all get reflected as an increase in the other payables (Davies Crawford, 2012). The benefit of this is that the immediate cash balance will not get impacted as the payment has to be made in intervals and so the balance of cash and cash equivalents will be relatively higher to this extent (JB-Hifi, 2016). Borrowings (Non-current) The increase in borrowings will increase the cash balance in the first place as it is similar to the introduction of additional capital and finance for the business (Shah, 2013). This additional cash can be utilized by the business in many ways which are either the acquisition of current assets like inventories and noncurrent assets like plant and equipment or such other investments (Albrecht et. al, 2011). Accordingly, the balance in each of these accounts will increase based on its utilization. The cash can also be used to incur expenses like occupancy expenses, selling and marketing expenses, so on and so forth and based on the utilization, these account balances will increase accordingly. Apart from this, every additional capital comes at a cost; hence the increase in borrowings will increase the finance costs in the form of interest expenses (Choi Meek, 2011). Thus increase in borrowings has the impact of increasing or decreasing the profits based on the matching of the incomes and expenses for which it is used. Conclusion As the financial statements are connected, every business transaction has dual impact namely debit and credit. So the impact of increase or decrease in each of the items mentioned above is seen both in the Statement of Profit and Loss and in the Statement of Financial Position. Every account is connected to other accounts both directly and indirectly. But it is difficult to trace the direct impact of the increase to any specific account and hence the impact and various possibilities in each case have been discussed. References Albrecht, W, Stice, E. Stice, J 2011, Financial accounting, Mason, OH: Thomson/South-Western. Berk, J, DeMarzo, P Stangeland, D 2015, Corporate Finance, Canadian Toronto: Pearson Canada. Brealey, R, Myers, S Allen, F 2011, Principles of corporate finance, New York: McGraw-Hill/Irwin. Choi, R.D Meek, G.K 2011, International accounting, Pearson . Christensen, J 2011, Good analytical research, European Accounting Review, vol. 20, no. 1, pp. 41-51 Davies, T Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Deegan, C. M 2011, In Financial accounting theory, North Ryde, N.S.W: McGraw-Hill. Graham, J Smart, S 2012, Introduction to corporate finance, Australia: South-Western Cengage Learning. Guerard, J. 2013,Introduction to financial forecasting in investment analysis, New York, NY: Springer. Horngren, C 2013, Financial accounting, Frenchs Forest, N.S.W: Pearson Australia Group. JB-Hifi 2016, JB-Hifi Annual report accounts 2016, viewed 11 May 2017 https://www.jbhifi.com.au/Documents/2016%20JB%20Hi-Fi%20Annual%20Report_ASX.pdf Porter, G Norton, C 2014, Financial Accounting: The Impact on Decision Maker, Texas: Cengage Learning Shah, P 2013, Financial Accounting, London: Oxford University Press Subramanyam, K Wild, J 2014, Financial Statement Analysis, McGraw Hill