7 tips for dealing with a psycho boss

7 hints for managing a psycho chief Indeed, even as well as can be expected appear to be a dictator at times. Be that as it may, did you realize that a few supervisors are really mental cases? As per an Australian investigation, 1 out of 5 corporate administrators showed clinically psychopathic characteristics. (For reference, the pace of sociopaths, when all is said in done, is 1 out of each 100 individuals.) Whether your troublesome manager is insanely disposed or not, here are 7 methodologies you can use to empty expected awful supervisor circumstances. 1. Figure out what you’re managing with.Is your manager simply having a terrible day, or would he say he resembles this constantly? It is safe to say that she is managing different elements (pressure from above, workers turning up missing, and so on.) that are causing her to be extra hard on you? Or on the other hand would you say you are by and large excessively hard on her? Consider what might be causing the conduct. It probably won't legitimize it, or make the conduct any progressively lovely to manage, yet everybody has an awful day. It’s imperative to consider whether this is really your boss’s default method of working, or if it’s only an erratic problem.2. Get everything in writing.If your supervisor is a disorder maker by requesting something, at that point guaranteeing later that you were requested something totally unique, it’s your assertion against theirs. Record what you can-for instance, on the off chance that you were given verbal guidelines, affirm in a speedy email just so everybody has a set up account of what was talked about/asked.3. Stop and take a breath.If you’re having a contention with your chief, bouncing right in with a warmed response could be something you’ll lament later. Pause for a moment, inhale, and consider your response. Once more, contemplating the â€Å"why† behind your boss’s conduct can likewise help keep you from responding from a position of unadulterated stress.4. Know and stay away from the triggers.Does your manager consistently go ballistic when somebody is late? Be extra aware of your appearance time. Tirade about grammatical mistakes in an email? Edit twice before you hit â€Å"send.† If there’s an example to Angry Boss’s conduct, it’s certainly to your greatest advantage to realize what that example is and figure out how to check those triggers before they happen.5. Use correspondence strategies.This is a typical helpful strategy for improving correspondence. Utilize undivided attention by rehashing back information exchanged, and requesting explanation if vital. Numerous contentions are because of individuals not feeling tuned in to or saw, so if your manager thinks you’re not tuning in, it can heighten a conflict.6. Don’t let it crash you.You have an occupation to do, and on the off chance that you let a harmful relationship with your manager influence your work and yo ur conduct, that’s not going to support you. Make an effort not to think about it literally or let it influence the nature of your work. On the off chance that you end up passing things over out of dissatisfaction with your chief, that can make your expert rep suffer.7. Raise if necessary.If your organization has approaches to secretly air your interests to HR (or a comparative worker asset) and you feel like things are arriving at a limit, think about taking your issues to them. In the event that you fear going to work each day due to the hopelessness that anticipates you for the following eight hours, that’s not a circumstance that’s bravo or your organization consider finding an interior (and nonpartisan) approach to raise the situation.We’ve all had a poisonous supervisor eventually in our vocations. Here and there it shows signs of improvement, and once in a while you simply need to proceed onward. In any case, don’t let it ruin your expert li fe meanwhile.

Plan organize and deliver group based learning Essay

Plan compose and convey bunch based learning - Essay Example I’ve took a gander at this unit of competency to perceive how compromise fit and saw there is a whole area devoted to it †‘Deal viably with issues, issues and conflicts’. I need your pressing assistance. Would you be able to please give an instructional meeting that manages this issue for my new staff, ASAP. I had seen there have been a couple of contentions between my new and existing staff over different issues and feel this theme should be our main goal. I can allow you 40 minutes next Tuesday morning to lead the meeting. The accompanying data may help you with conveying this subject: 1. It is trusted that utilizing common regard and open correspondence to examine the issue that a goals can be reached. This will incorporate all gatherings focusing on the issue and arriving at an answer. No close to home or censorious remarks from either gathering will be endured. 3. In the event that contention keeps on happening because of this issue, intervention as HR Personnel will be utilized to have a round-table conversation. In the event that either worker is seen as in penetrate of the Town and City Cinemas Code of Conduct, censure steps will be taken. Individuals ought to be treated as people with rights to be regarded and safeguarded. Regard enables others to guarantee their privileges and to accomplish their latent capacity. Regard for the privileges of others is the premise on which people become individuals from a network and acknowledge their social duties to carry on with uprightness. The guideline of taking individual and expert duty requires not just that individuals abstain from doing mischief to other people yet that they show considerate conduct maintaining the principles expected of all individuals from the association as a component of accomplishing a typical decent. In this manner they are required to ensure the privileges of others and regard the decent variety of societies and people groups. Those all around sufficiently situated to state their privileges

The Intent Behind Alcoholics Anonymous Step 11

The Intent Behind Alcoholics Anonymous Step 11 Addiction Coping and Recovery Methods and Support Print The Intent Behind Alcoholics Anonymous Step 11 How do atheists and agnostics view step 11s religious overtones? By Buddy T facebook twitter Buddy T is an anonymous writer and founding member of the Online Al-Anon Outreach Committee with decades of experience writing about alcoholism. Learn about our editorial policy Buddy T Updated on May 18, 2018 A Look at Step 11. © Getty Images More in Addiction Coping and Recovery Methods and Support Overcoming Addiction Personal Stories Alcohol Use Addictive Behaviors Drug Use Nicotine Use Alcoholics Anonymous (AA) 12-step program as described in the The Big Book, AAs guide for people recovering from alcoholism, has many references to God and religious themes, and step 11 is no different. In a nutshell, step 11 says to discover the plan God, as you understand him, has for your life and find the power to carry it out. AA states it is non-religious but rather spiritual in design, and as its cornerstone, members should find a higher purpose or higher power. God can be described as a religious being, or for atheists and agnostics, it can simply mean the group dynamic experienced as a member at an AA meeting or even another individual. Review of Step 11 Step 11Sought through prayer and meditation to improve our conscious contact with God as we understood Him, praying only for knowledge of His will for us and the power to carry that out. Spiritual Rather Than Religious For many in recovery, whether it is Alcoholics Anonymous or Al-Anon Family Groups, the concept of spirituality can be unfamiliar, lost or rejected. If you seek solace in a bottle or in bars, you may have other problems going such as a broken relationship or crumbling marriage, a criminal history or generally, a life in turmoil. Even for those who have had an upbringing in a  church, you may find that your experience was more religious and prescriptive rather than spiritual. For most who are earnest in working the 12 steps, by the time you arrive at step 11 you may discover a measure of spirituality at work in your life. For many AA members, they say they have discovered their higher power and form a better understanding of that power. Prayer or Meditation for Guidance The approaches and methods of prayer and meditation suggested in step 11 vary, but the purpose of the step is to connect with that higher power. Some prefer to call the higher power God, others avoid the G-word altogether. The point is AA members discover through participation in the program that there is a power greater than themselves, and they have seen that power at work. As members accept the serenity principle that Nothing, absolutely nothing happens in Gods world by mistake there is an acknowledgment of a higher power, and there is a plan for their lives. Through prayer and meditation, members can attempt to raise their consciousness of that power and draw on it to continue their personal journey of recovery. How Does a Person Who Is Atheist or Agnostic Pray? As suggested by the Hazelden Betty Ford Foundation, you can pray or meditate by being still, quiet, stopping, reflecting and listening to your thoughts. You can plan your day in an orderly way. Ask yourself, God, or a higher power for the right answers to get you through the day. In moments of confusion or unbalance, stop, ask yourself or the higher power for the right way to proceed. Understand it, visualize it, go on. For many this is self-reflection, for others, this is asking God for guidance. The end result usually turns out the same.

Walt Disney A World Without His Magic, Whimsy, And Optimism

Armando Guillen Mr. Holm AVID 11th Per 6 04 May 2016 Walt disney Try to imagine a world without Walt Disney. A world without his magic, whimsy, and optimism. Walt Disney changed the entertainment industry, into what we know today. He pioneered the fields of animation, and found new ways to teach, and educate. Walt disney was a person that had a great mind and was a better leader. Walt disney was a man that influenced the people minds to join and help during both of the World Wars. Walt disney was born December 5, 1901, in Hermosa, Chicago, IL. The Disney family moved to Marceline, Missouri. Walt lived most of his childhood there. Walt Disney attended the Benton Grammar School in Kansas City, Kansas, then he went McKinley High School in Chicago, IL from 1917-1918 but dropped out because of hopes of joining the army. At the end he decided to join the Red Cross instead. He never graduated high school or attended college. Walt had an early interest in drawing,and art. At age 7 he sold small sketches,and drawings to neighbors. D isney s doodled about animals, and nature. He created art forms that took shape when he talked his sister, One of his sister was Ruth, helped him paint the side of the family’s house with tar.His father is, Elias Disney, an Irish-Canadian, and his mother, is Flora Call Disney. She descent from German-American descent. Walt was one of five children, four boys and a girl. Walt Disney was married to Lillian Disney andShow MoreRelatedWalt Disney : A World Without His Magic, Whimsy, And Optimism1012 Words   |  5 PagesWalt Disney December 5, 1901 ~ December 15, 1966 Try to imagine a world without Walt Disney. A world without his magic, whimsy, and optimism. Walt Disney transformed the entertainment industry, into what we know today. He pioneered the fields of animation, and found new ways to teach, and educate. Walt’s optimism came from his unique ability to see the entire picture. His views and visions, came from the fond memory of yesteryear, and persistence for the future. Walt loved history. As a result ofRead MoreThe Magic of Walt Disney 838 Words   |  3 Pagesimagine a world without Walt Disney . A world without his magic, whimsy, and optimism† (â€Å"Walt Disney, Biography†) Walt Disney created a company called, The Walt Disney Company which became significant with big inventions during the 1920-1930’s. It took hard work that mostly came from his imagination and dedication (â€Å"Walt Disney Biography†). The entertainment industry was changed and improved because he â€Å"†¦pioneered the fields of animation, and found new ways to teach, and educate† (â€Å"Walt Disney, Biography†)Read MoreAnalysis Of Walt Disney s If You Can Dream It902 Words   |  4 PagesWalt Disney, â€Å"If you can dream it, you can do it.† Who was he? Well he was an American business magnate, cartoonist, animator, voice actor, and film producer. He is also regarded as the culture icon, who shaped America’s entertainment and animation industry. Walt Disney is the reason why my childhood was filled with happiness, because he created my favorite cartoon characters that I still love to watch to this day. To better understand who Walt Disney was I will be talking about problems that heRead MoreWalt Disney Biography Essay1172 Words   |  5 Pagesimagine a world without Walt Disney. A world without his magic, whimsy, and optimism..†(Brad A.) Well all know Walt Disney as the creator of Mickey Mouse and the man who made the first Disney movies and cartoons famous. Walt Disney did so much more than just make Mickey Mouse. He touched hearts and made a positive impact on so many people’s lives. He also made Disney famous around the world. Today there is Disney themed parks in Hong Kong, Paris, and Tokyo. Along with the famous Disney Land in CaliforniaRead MoreThe Walt Disney Company3626 Words   |  15 Pagesï » ¿ Behind the Scenes of Disney World by Erin Wood Advanced English III Mrs. Dawson 4 March 2014 Behind the Scenes of Disney World I. Introduction II. Walt Disney A. His Life B. The Dream III. Disney World’s ground A. Swamp lands B. Four theme parks 1. Magic Kingdom a. Main Street i. Underground tunnel ii. Walt’s hometown b. Frontier Land c. Fantasy Land d. Adventure Land e. Tomorrow Land 2. Hollywood Studios a. Old Hollywood b. Musicals/plays

What Is Calculus Definition and Practical Applications

Calculus is a branch of mathematics that involves the study of rates of change. Before calculus was invented, all math was static: It could only help calculate objects that were perfectly still. But the universe is constantly moving and changing. No objects—from the stars in space to subatomic particles or cells in the body—are always at rest. Indeed, just about everything in the universe is constantly moving. Calculus helped to determine how particles, stars, and matter actually move and change in real time. Calculus is used in a multitude of fields that you wouldnt ordinarily think would make use of its concepts. Among them are physics, engineering, economics, statistics, and medicine. Calculus is also used in such disparate areas as space travel, as well as determining how medications interact with the body, and even how to build safer structures.  Youll understand why calculus is useful in so many areas if you know a bit about its history as well as what it is designed to do and measure. Key Takeaways: Fundamental Theorem of the Calculus Calculus is the study of rates of change.Gottfried  Leibniz and  Isaac Newton, 17th-century mathematicians, both invented calculus independently. Newton invented it first, but Leibniz created the notations that mathematicians use today.There are two types of calculus: Differential calculus determines the rate of change of a quantity, while integral calculus finds the quantity where the rate of change is known. Who Invented Calculus? Calculus was developed in the latter half of the 17th century by two mathematicians, Gottfried  Leibniz and  Isaac Newton. Newton first developed calculus and applied it directly to the understanding of physical systems. Independently, Leibniz developed the notations used in calculus. Put simply, while basic math uses operations such as plus, minus, times, and division (, -, x, and à ·), calculus uses operations that employ  functions and integrals  to calculate rates of change. Those tools allowed Newton, Leibniz, and other mathematicians who followed to calculate things like the exact slope of a curve at any point. The Story of Mathematics  explains the importance of Newtons fundamental theorem of the calculus: Unlike the static geometry of the  Greeks, calculus allowed mathematicians and engineers to make sense of the motion and dynamic change in the changing world around us, such as the orbits of planets, the motion of fluids, etc. Using calculus, scientists, astronomers, physicists, mathematicians, and chemists could now chart the orbit of the planets and stars, as well as the path of electrons and protons at the atomic level. Differential vs. Integral Calculus There are two branches of calculus:  differential and integral calculus. Differential calculus studies the derivative and integral calculus studies...the integral, notes the Massachusetts Institute of Technology. But there is more to it than that. Differential calculus determines the rate of change of a quantity. It examines the rates of change of slopes and curves. This branch is concerned with the study of the rate of change of functions with respect to their variables, especially through the use of derivatives and differentials. The derivative is the slope of a line on a graph. You find the slope of a line by calculating the rise over the run. Integral calculus, by contrast, seeks to find the quantity where the rate of change is known. This branch focuses on such concepts as slopes of tangent lines and velocities. While differential calculus focuses on the curve itself, integral calculus concerns itself with the space  or area under the curve. Integral calculus is used to figure the total size or value, such as lengths, areas, and volumes. Calculus played an integral role in the development of navigation in the 17th and 18th centuries because it allowed sailors to use the position of the moon to accurately determine the local time. To chart their position at sea, navigators needed to be able to measure both time and angles with accuracy. Before the development of calculus, ship navigators and captains could do neither. Calculus — both derivative and integral — helped to improve the understanding of this important concept in terms of the curve of the Earth, the distance ships had to travel around a curve to get to a specific location, and even the alignment of the Earth, seas, and ships in relation to the stars. Practical Applications Calculus has many practical applications in real life. Some of the concepts that use calculus include motion, electricity, heat, light, harmonics, acoustics, and astronomy. Calculus is used in geography, computer vision (such as for autonomous driving of cars), photography, artificial intelligence, robotics, video games, and even movies. Calculus is also used to calculate the rates of radioactive decay in chemistry, and even to predict birth and death rates, as well as in the study of gravity and planetary motion, fluid flow, ship design, geometric curves, and bridge engineering. In physics, for example, calculus is used to help define, explain, and calculate motion, electricity, heat, light, harmonics, acoustics, astronomy, and dynamics. Einsteins theory of relativity relies on calculus, a field of mathematics that also helps economists predict how much profit a company or industry can make. And in shipbuilding, calculus has been used for many years to determine both the curve of the hull of the ship (using differential calculus), as well as the area under the hull (using integral calculus), and even in the general design of ships. In addition, calculus is used to check answers for different mathematical disciplines such as statistics, analytical geometry, and algebra. Calculus in Economics Economists use calculus to predict supply, demand, and maximum potential profits. Supply and demand are, after all, essentially charted on a curve—and an ever-changing curve at that. Economists use calculus to determine the  price elasticity of demand. They refer to the ever-changing supply-and-demand curve as elastic, and the actions of the curve as elasticity. To calculate an exact measure of elasticity at a particular point on a supply or demand curve, you need to think about infinitesimally small changes in price and, as a result, incorporate mathematical derivatives into your elasticity formulas. Calculus allows you to determine specific points on that ever-changing supply-and-demand curve. Source Calculus Summary. Massachusetts Institute of Technology, January 10, 2000, Cambridge, MA.

A Detailed Speech Outline Free Essays

This page explains how to make a detailed outline of a speech. It should be remembered that depending on the type of speech, the outline may vary. However, if you base your speeches on this outline you should be able to make a successful speech. We will write a custom essay sample on A Detailed Speech Outline or any similar topic only for you Order Now In order to make a detailed and useful outline you must understand the structure of a speech. The basic structure of a speech and how to make a simple outline has been explained on another page. On that page it was shown that there are three main parts to a speech; The Introduction, The Body, and The Conclusion. These three parts can be further broken down. The structure of these three main parts can be seen in the outline below. A presentation outline is a way to organize your material logically and clearly. You should make an outline before you start to write a speech. In fact the writing of a speech comes towards the end of the speech creation process (see ’11 Steps to Creating a Speech’). By using a presentation outline, you can â€Å"see† your speech and determine where you need to add or revise information. It provides the structure for the introduction, body, and conclusion of your speech. In addition, it can serve as your speaking script. This outline consists of Four parts; The Header, The Introduction, The Body, and The Conclusion. Before you start writing your speech you should make an outline using these 4 headings and their sub headings. 1. Header Topic Decide on your topic. Audience Analyze your audience. What do they already know about your topic? Are they interested in the topic? Refine and limit topic Based on your analysis of the audience you may need to slightly change you topic, by either changing the focus, or the scale of the topic. Purpose Statement Write down a clear statement of what it is you intend to achieve. What is the purpose of your speech. For example; The purpose of this speech is to inform the audience how to travel in Japan without spending to much money. Organizational Method or Pattern There is no single way to organize a speech. The pattern you will select will be determined by the information you have and the specific purpose you want to achieve. There are six basic patterns for organizing a speech: Logical or topical Chronological Spatial Classification Problem-Solution Cause-effect Once you have completed these five parts of the ‘Header’, you are then ready to start planning the speech itself. . Introduction Greeting and Attention getter How will you greet the audience? How will you get the audience’s attention? Think of a sentence that will make the audience sit up and listen. Thesis Statement The ‘purpose statement’ is where you simply state what your goal is. However, it is not possible to use this in the speech. You need to convert it to a ‘thesis statement’. A thesis statement is one sentence in the introduction in which you declare your purpose and topic. For example, a thesis statement of the above purpose statement would be; ‘Traveling in Japan need not be an extravagance. Credibility If the audience do not know who you are, you will not only need to introduce yourself, but you will also need to ‘establish your credibility’. This means you will have to explain to the audience why you are ‘qualified’ to speak about the subject. Outline of main the points – overview What are your main points? Why? Tell your audience why you think your presentation will be useful to them. 3. The body Transition Think of a sentence that will make it clear to the audience that you have finished the introduction, and are now about to start the body of the speech. Main points and ideas Main ideas Supporting ideas Details Examples Visuals Write your main points and ideas hereWhat ideas will you tell the audience to support your main points? What details or examples do you have? Will you have any visuals to help explain your points? main ideas = sub-topics supporting ideas = sub-sub topics evidence = details and examples 4. The conclusion Transition Think of a sentence that will make it clear to the audience that you have finished the body and are now coming to the end of the speech. Restatement of main points Summarize your main ideas and think of which piece of information you really want the audience to remember. Closer Think of a final sentence to help the audience remember your speech. Note that the presentation outline is not a word-for-word script for the speech but an outline of ideas to serve as an organizational and presentation tool for the speaker. Once you have finished the outline you are then ready to start writing. Copy this into a word processor document, and use the headings to make your own outline for your demonstration speech. How to cite A Detailed Speech Outline, Papers

Principles and Ethics Advanced Financial Accounting

Question: Discuss about the Principles and Ethics Advanced Financial Accounting. Answer: Introduction: Financial accounting of the company should be prepared and presented by following the principles and standards on accounting for each of the components of financial information and transactions. The following assignment highlights the accounting issue in revenue recognition for a law firm Slater and Gordon that is based in Melbourne, Australia. It has been observed that the firm had experienced serious issue on maintaining the accounting policy for recognizing the revenue of work-in-progress. As per AASB 15, revenue from contract is to be recognized if the contract is approved between the parties to perform the contracted activities as per the terms and conditions of the contract (Eichengreen and Gupta 2015). In order to recognize the revenue from contract the firm is required to identify the terms of payment for products and services as well as there must be commercial substance. The firm is required to record the revenue transaction in the statement of income at the transaction pri ce for the performance provided by the party. In the present case, Slater and Gordon firm did not follow the accounting policy to record the revenue of work in progress. As a result, the firm experienced several issues on incurring loss, fall in share price, consumers loyalty and other specified issues. The assignment covers reason on capital market issues, fall in share price, maintaining code of ethics with respect to the requisite of International Financial Reporting Standard and Accounting Professional and Ethical Standard (Badertscher et al. 2016). Meeting the expectation of capital market In order to maintain the business growth, firms or organizations are required to meet the expectations of capital market. Observing the article of The Undoing of Slater and Gordon it has been found that the firm faced serious issues for not maintain the accounting policies for recognizing the financial information. However, the firm worked to meet the expectations of capital market by maintaining the profitability, return on shares for investors, price- earnings ratios and other financial measures (Akbas et al. 2015). Growth of firm depends on the profitability percentage along with the other important measures. Profit of an organization is measured by considering the revenues and expenses that incurred directly or indirectly as well as after applying the expenses for tax. On the other hand, return on shares also known as earning per share is an important element to determine an organizations capacity to pay off the investors (Spotts, Weinberger and Weinberger 2015). It is measured b ased on the weighted average outstanding ordinary shares of the company and net earnings adjusted by the interest and tax expenses. In the present situation, Slater and Gordon disclosed around $467 million as a revenue in work in progress in the year 2015 resulting in loss during the six months. However, the firm maintained the cost of capital structure as well as return on capital employed to meet the expectations of capital market. As reported in the article, firm Slater and Gordon managed to record the expected return on shares and capital for the stakeholders including investors (Virtanen, Parvinen and Rollins 2015). Reasons of fall in share price Market price of the shares of the organization or companies depends on the several factors through internal and external sources. The share market or stock market follows the trend of bullish and bearish trend for the fluctuations of the stock price of the firms and organizations. Bullish trend represents rise in the price of shares while bearish trend represents fall in the price of stocks. In the case of Slater and Gordon, the firm experienced fall in share price by almost 50% and accordingly faced a bearish trend in the recent year 2015 (Keyhanian and Rabbani 2015). Such fall in share price of the firm was due to several internal and external reasons during the years 2013, 2014 and 2015. One of the major reasons for a fall in the price of share was issues in following the accounting policies for recognition of financial information. During the year 2015, the firm recorded huge amount of revenue in work-in- policies that were not confirmed by the contracts to perform the activities . Further, the firm also experienced the poor trading results as well as issues in accounting records amounted to $80 million in the year 2013 and $90 million in the year 2014. Additionally, firm experience the bearish trend due to decline in the earnings of around $958 million during the half year in 2015. As there was constant decline in the revenue of the firm due to inappropriate recognizing of accounting information and lack in management accounting. The firm also failed to comply the requirements of the investors for decline in the dividend payment as well as paying the investors as per the expected rate of return (Mardini and Power 2015). Recognition of service revenue According to the IAS 18 on Revenue Recognition, revenue for any firm is termed as gross inflow from the business operating activities and other economic advantages. As per the principles of IAS 18 revenue from the operating activities are to be recognized at fair value. If there is an exchange of goods or service that are of similar nature, then the consideration received from such sale cannot be regarded as revenue. Additionally, the revenue by firms or organizations is to be recorded if the firm is sure about the inflow of future economic benefit from the sale of the products or services. Another condition that has to be satisfied is that the amount of consideration would be determined with reliability. Further, revenue from the sale of products or services would be eligible for recognition if the risk and reward from the sale has been transferred to the buyer along with the reliable measure of costs (Bohusova and Nerudova 2015). Considering the IFRS 15 on Revenue from Contracts with Customers the firm is required to recognize the consideration against the contracts entered with clients except the contracts on lease, consolidation accounting. According to the requirement of the standard consideration from the contract is to be recorded if the agreement creates rights and liabilities as enforceable between the parties. In order to record the revenue from the contract, it is significant to identify the obligation of performance as per the agreement, transaction price and the performance liability should be satisfied (Lim, Devi and Mahzan 2015). In the present case, Slater and Gordon recognized the revenue for the contract services that was not completed during the accounting year. It was observed that the firm did not receive the payment for the services as well as the performance obligation for the work was not satisfied. Yet the firm recognized the revenue for work-in-progress in the financial year 2014 with an amount $467 million while $826 million in the year 2015. In view of the standards of IAS 18 as well as IFRS 15, this amount should have been recognized either if the firm had received the consideration payment or if the contractor satisfied the performance obligation of contract service (Martin and Van Linden 2015). Compliance of accounting standard by the firm as per IFRS 15 According to the principles and regulations of IFRS 15 on revenue recognition from contracts with the consumers, consideration from all the contracts is to be recognized. However, certain contracts are excluded from the requirements of IFRS 15 that are contracts on leases, contracts on financial instruments, contracts from insurance business, consolidation contracts and joint agreement business. As per IFRS 15, revenue from the contract should be accounted by identifying the contract or agreement as well as the obligations of performance with the consumers (Salotti and Carvalho 2015). It is significant to determine the transaction price of the contract as well as the performance obligation during the recording of revenue from contracts. In case of Slater and Gordon, the revenue had been accounted for work in progress for the financial years 2013, 2014 and 2015. The firm accounted the amount of revenue not collected from the consumers nor did the company receive the satisfaction for t he performance obligation for the part of contract services. As per the accounting framework, recognition of financial information should be done by following the prudence level and accrual basis. Accounting standards require the recognition of revenue or consideration only when the amount is received against the trading of product or services. Since the firm recognized its revenue without realizing the same, it cannot be said that the Slater and Gordon followed the principles of IFRS 15 (Wagenhofer 2016). Analysis of recognized revenue Slater and Gordon is a law firm that recognize its revenue on the progressive work basis since it is engaged in the business of rendering law cases related to personal injury cases. However, as per the IFRS 15 and IAS 18 revenue on contracts is to be recorded if it has been received and the performance obligation has been satisfied. In case remuneration for contracted service received partly then the remuneration should be recognized in proportion to the percentage of work completed (Liu, Liang and Wang 2015). Besides, in the given case of law firm, it has been noted that the firm recognize its revenue from the cases on progressive basis. For certain cases the firm ensures the success of the cases and for some of the case it may not win the case yet it record the consideration for the all the cases that are work-in- process. During the financial year 2013, the firm recorded its revenue on basis of completed cases as well as for the cases that were under process. Out of the cases that were under process included the revenue for cases that the firm was not sure to win and as a result the firm would not receive the service charges. Considering the principles on accounting of revenue from contracts as per IAS 18 and IFRS 15, revenue recognition for incomplete services should not be recorded (Choi and Young 2015). During the accounting year 2014 also the firm recognized its revenue on the basis of work in progress. Its total revenue recorded in the year 2014 amounted to $37,538,814 included the consideration of cases whose success was not confirmed. Accordingly, the management of the firm was not supposed to recognize the revenue for those pending cases. On the other hand, revenue for the financial year 2015 had been recorded for all the contracts undertaken by the firm. The amount of revenue recorded included the revenue that was not collected by the firm as the cases were pending (Singleton-Green 2016). Apart from that, the revenues collected from the pending cases were related to the cases of financial year 2013 as well as of 2014. It has been observed that the firm did not follow the required accounting policies and standards on recognition of revenue related to the contracts with the consumers. One of the major reasons for decrease in Slater and Gordons revenue is the recognizing policy a s per the accounting standard IAS 18 and IFRS 15. In the year 2015, firm recognized the revenue for the cases related to the current year while amount collected for previous years were already recognized in those related years (Ingason 2015). Factors influence the choice of accounting policy Accounting of financial information is required to be done based on the relevant accounting policies and frameworks. Accounting frameworks states the accounting should be done on prudence basis, accrual basis and should present the reliable information to the users of accounting books. However, the principles on standards of accounting states the recognition criteria to record several elements of financial information that also gives choice to the companies and firms to adopt such criteria (Harriss and Atkinson 2015). In the given situation, Slater and Gordon selected the positive accounting theory to recognize its financial information. Positive accounting theory is a theory that explains the actual practice of accounting for the financial information for the efficient recognition of companys financial performance. Factors that influence that selection of accounting policy are the financial results should reveal the true and fair view of companys financial performance on earnings an d costs. Another factor that influences the choice of accounting policy is the tax benefits. Since the firm is required to pay taxes on income, it is important to correctly recognize the business related costs and incomes (Svensson, Wood and Callaghan 2015). In case of Slater and Gordon, the firm was recognizing its revenue from contracts on the progressive work for the cases on which the actual consideration had not been collected. Such recognition revealed the higher and unfair income of the firm because the amount was not received by them. Accordingly, Slater and Gordon adopted the accounting policy to record the revenue and other financial components by following the positive accounting theory. The firm adopted the policy on revenue recognition by following IFRS 15 because it reflects the revenue on the basis of satisfaction of the performance obligation as well as on receipt of the related amount (Aryee et al.2015). Reason for decrease in revenue for the financial year 2015 During the financial year 2015, the revenue of Slater and Gordon dropped in comparison to the accounting year 2013 and 2014. One of the major reasons for such fall is the criteria of revenue recognition as per the principles of IFRS 15, revenue recognition from contracts with consumers. During the previous years, the firm was recognizing the revenue for cases that were pending and there was no confirmation on receipts of revenue from such cases (Jaggi et al. 2016). Accordingly, the income of the firm reflected the inflated income in the years 2013 and 2014 for the amount that was actually not collected by the firm in the accounting year. However, in the accounting year 2015, the firm changed its accounting policy and adopted positive accounting theory to recognize its revenue by following the requirements of IFRS 15. According to this policy, the firm recognized its revenue from contracts based on the amounted actually collected and for the cases, that ensures the satisfaction of per formance obligation (Hopper and Bui 2016). Therefore, in the year 2015, the firm could not recognize the revenue for the pending cases and as a result, the recorded revenue in the accounting records dropped in comparison to the previous year. Moreover, the firm could not recognize the consideration received for pending cases that were received against the cases of 2013 because it had already been recorded in the same year. Hence, the revenue of Slater and Gordon in the financial 2015 declined with a high percentage from that of the year 2014 and 2015 (Ve erskien, Valan ien and Boguslauskas 2015). Principles and ethics in accounting practices Preparation and presentation of financial information should be done as per the fundamental principles and code of ethics of accounting. It is essential to follow the requisite principles of accounting by maintaining the ethical codes, which is regulated by APES 110. In order to recognize the financial information it is essential to follow the fundamental principles of integrity, objectivity, confidentiality, professional competence and appropriate use of accounting policies and standards. Further, APES 110 states the code of ethics for professional accountants for recognizing the business transactions to reflect the true and fair view of organizations financial performance. As per the APES 110, professional accountants are required to follow the integrity on recording the expenses and incomes. It is important for the accountants to be honest and required to avoid the biasness or undue influence for determining the performance of the business organizations (Flammer 2015). In the present case, Slater and Gordon prepared and presented its accounts for the year 2013 and 2014 by recognizing the revenue for pending cases the amount of which was not received by the firm. Such recognition of revenue reflects the breach of code of ethics and fundamental principles of accounting practices. On the contrary, it was found that the accounting balance of the firm for the year 2013, 2014 and 2015 reflected disputed balance amounted $80 million, $90 million during the financial year 2013 and 2014 respectively. It was due to the breach of accounting principles with respect to the integrity, objectivity and professional competence for disclosure of revenues not received by the firm (Dobrzykowski, McFadden and Vonderembse 2016). Conclusion It can be concluded from the case of Slater and Gordon that recording of financial transactions should reflect the true and fair view of the performance of the business activities. Expenses and revenues of the organizations are the most significant financial element that discloses the financial result for the accounting year. In the case of Slater and Gordon firm faced the issue on recognizing the revenue from contracts with customers during the financial year 2013 and 2014. However, the firm maintained the expectations of capital market through earnings from shares, expected return to the investors on capital employed and by maintain the cost on capital structure. Besides, the firm experienced the fall in its share price by almost 50% during the year 2015 because its revenue dropped at a high percentage in comparison to the year 2013 and 2014. For the purpose of recognizing its revenue from contracts the firm did not follow the principles of IAS 18 as well as IFRS 15 as a result it reflected the inflated income. Moreover, in the accounting year 2015 the firm adopted the positive accounting theory and followed the regulations of IFRS 15 to recognize the revenue. As a result, the income of Slater and Gordon dropped in the year 2015 and revealed the breach in following the fundamental principles of accounting and code of ethics for the years 2013 and 2014. As the firm experienced several issues with respect to the revenue recognition in the accounting years 2013 and 2014 for the amount that was not collected by them, it opted the positive accounting theory during the year 2015. The company adopted the accounting practice by following IFRS 15 for recognizing the revenue from contracts that were completed and actually received that eventually reflected a decline in the firms income. Reference List Akbas, F., Armstrong, W.J., Sorescu, S. and Subrahmanyam, A., 2015. Smart money, dumb money, and capital market anomalies.Journal of Financial Economics,118(2), pp.355-382. Aryee, S., Walumbwa, F.O., Mondejar, R. and Chu, C.W., 2015. 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