Accounting Theory and Practice Essay

QUESTION 1 – Question 1.8: What is the difference between developing a theory by induction and developing a theory by deduction? QUESTION 2 – Question 1.9: Is the study of financial accounting theory a waste of time for accounting students? Explain your answer. QUESTION 3 – Question 1.26: Would you reject as ‘insignificant and useless’ a positive theory of accounting on the basis that in a particular research study the results derived failed to support the hypotheses and the related theory? Explain your answer. QUESTION 4 – Question 1.27 (NEW): The International Accounting Standards Board has a number of roles, including formulating accounting standards and developing a conceptual framework. Is the work they do in developing an accounting standard or the conceptual framework normative or positive in nature? QUESTION 5 – Question 1.33 (NEW): In this chapter we provided quotes from Gray, Owen and Adams (2010), in which they discuss an apparent herding phenomenon that seems to be occurring in respect of the selection and use of particular theories. They state, ‘there has been a strange herding tendency, especially around legitimacy theory’, as well as stating that they ‘also have a sneaking feeling that institutional theory may be coming up fast as the next theory around which to herd’. What do they mean by this apparent practice of ‘herding’, and what are some possible advantages and disadvantages that are related to this practice? QUESTION 6 – Question 1.35 (NEW): Do we really need financial accounting theory if all we are interested in doing is developing accounting standards? TUTORIAL 2 – Semester 2 2014 Deegan Topics 2 and 3: The financial reporting environment and Regulation of financial accounting QUESTION 1 – Question 2.3: Do you believe that the media portray accounting numbers, such as profits, as some sort of ‘hard’ and objective performance indicator? Why do you think they might do this, and, if they do, what are some of the implications that might arise as a result of this approach? QUESTION 2 – Question 2.7: Is it appropriate to look at changes or trends in corporate profits over time without making any adjustments? Explain your answer. QUESTION 3 – Question 2.14: If regulators acted in accordance with predictions provided by the private interest theory of regulation, which assumes that all individuals (including politicians and regulators) are motivated by their own economic self-interest, what is the likelihood of the introduction of regulations aimed at reducing the problems associated with climate change – particularly if business corporations opposed such regulations? QUESTION 4 – Question 3.7: Is regulation more likely to be required in respect of public goods than other goods? Why? QUESTION 5 – Question 3.30: Accounting headline 3.9 (SEE END OF TUTORIAL 2 QUESTIONS) discusses how European banks were able to lobby the European Union (EU) so as to be regulated by a ‘watered down’ version of the accounting standard IAS 39. Explain whether the decision of the EU to embrace a ‘watered down’ version of the standard is consistent with a ‘public interest theory of regulation perspective’, or whether it can be explained by an alternative theoretical perspective (which you should attempt to identify). QUESTION 6 – Question 3.35: Let us assume that the government has become concerned that existing disclosure regulation tends to fixate on the financial performance of organisations but fails to address other aspects of corporate performance, including a failure to provide information about corporate social and environmental impacts as well as about various initiatives and investments an organisation has undertaken to improve its social and environmental performance. As such, the government has decided to introduce legislation that will require business corporations to provide information about the social and environmental impacts of their operations, as well as the social and environmental initiatives undertaken by the corporations. You are required to do the following: (a) Explain from a public interest theory perspective the rationale for the government introducing the legislation and how the government will ultimately assess whether any proposed legislation should actually be introduced. (b) Predict from a capture theory perspective the types of constituents that will benefit in the long run from any social and environmental disclosure legislation. (c) Predict from an economic interest group theory perspective whether any potential legislation to be introduced will lead to an increase in the accountability of corporations in relation to their social and environmental performance despite any implications that this increased corporate accountability might have for the financial success of large but heavily polluting organisations. TUTORIAL 3 – Semester 2 2014 Deegan Topics 4 and 5: International accounting and The conceptual framework project QUESTION 1 – Question 4.19: It is often argued that the accounting standards of the FASB are rule-based, whereas the accounting standards issued by the IASB are principles-based. Rules-based standards by their nature can be quite complex, particularly if they seek to cover as many situations as possible. Do you think it would be easier to circumvent the requirements of rules-based or principles-based accounting standards? QUESTION 2 – Question 4.22: Does the standardisation of accounting standards on a global basis necessarily equate with a standardisation in accounting practice? QUESTION 3 – Question 4.25 In considering the relevance of IFRS to developing countries, Chand and White (2007, p.606) state: (see below). Explain the reasons behind Chand and White’s claim. â€Å"While the forces of globalization and convergence are moving accounting practices towards a unified, or at least, harmonized regulatory framework for financial reporting, this is unlikely to best serve the diverse interests of disparate user groups of financial reports.† QUESTION 4 – Question 4.27: Ball (2006, p. 17) makes the following comment: (below). Explain the basis of Ball’s comments. â€Å"In sum, even a cursory review of the political and economic diversity among, IFRS-adopting nations, and of their past and present financial reporting practices, makes the notion that uniform standards alone will produce uniform financial reporting seem naà ¯ve.† QUESTION 5 – Question 4.30 (NEW) In continental European countries, prior to the adoption of IFRS, the domestic accounting rules were typically much more aligned with local taxation regulation than would be the case in countries like the United States, the United Kingdom, Canada, Australia or New Zealand. Why do you think this could have been the case? QUESTION 6 – Topic 5: Question 6.7: Conceptual framework projects identify a number of qualitative criteria that financial information should possess if it is to be useful for economic decision making. Two such attributes are neutrality and representational faithfulness? Do you believe that financial information can, in reality be neutral and representationally faithful? Explain your answer. QUESTION 7 – Topic 5: Question 6.10: The two main qualitative characteristics that financial information should possess have been identified as relevance and reliability. Is one more important than the other, or are they equally important? TUTORIAL 4 – Semester 2 2014 Deegan Topic 6: Chapter 10: Reactions of capital markets to financial reporting QUESTION 1 – Question 10.4 (NEW): What is an event study and why would an event study be of relevance to an accounting standard-setter? QUESTION 2 – Question 10.9 (NEW): If individuals have access to insider information and are able to make large gains on a securities market as a result of using information that is not widely known, then is this an indication that the market is inefficient? QUESTION 3 – Question 10.16 (NEW): Evidence shows that share prices might not fully react to financial accounting information immediately and that abnormal returns might persist for a period of time following the release of information (a case of ‘post-announcement drift’). Does this indicate that securities markets are not efficient and that assumptions about market efficiency should be rejected? QUESTION 4 – Question 10.17: If an organisation’s operations rely heavily on the specialised expertise of its management team, would you expect there to be a higher or a lower  correspondence between the net assets recognised in the statement of financial position (balance sheet), and the total market value of the organisation’s securities, relative to an organisation that relies more on tangible assets (for example, commonly used plant and machinery) to generate its income? QUESTION 5 – Question 10.24: Refer to Accounting Headline 10.3 (SEE END OF TUTORIAL 4 QUESTIONS) and explain why investors might have reacted to the false rumour. Is the reaction of investors to this false rumour consistent with the view that the capital market is efficient or inefficient? QUESTION 6 – Question 10.25: Review Accounting Headline 10.7 (SEE END OF TUTORIAL 4 QUESTIONS) and explain the reason for the change in the price of Wesfarmers shares. Also, what might have caused the price changes in the shares in the other retail organisations? QUESTION 7 – Question 10.28: Read Accounting Headline 10.10 (SEE END OF TUTORIAL 4 QUESTIONS) and, relying on some of the capital markets studies considered in this chapter, explain why the share prices of the pharmaceutical companies might have reacted in the way they did. TUTORIAL 5 – Semester 2 2014 Deegan Topics 8 and 9: Accounting for Corporate Social Responsibilities QUESTION 1 – Question 8.1: Explain the notion of a social contract, and what relevance the social contract has with respect to the legitimacy of an organisation. QUESTION 2 – Question 8.7: If an organization was involved in a major accident or incident, would you expect it to use vehicles such as an annual report or a sustainability  report to try to explain the incident? If so, explain how and why it would use reports in this way. QUESTION 3 – Question 8.21 (NEW): Chapter 8 divided Stakeholder Theory into the ethical branch and the managerial branch. Explain the differences between the two branches in terms of the alternative perspectives about when information will, or should, be provided by an organisation. QUESTION 4 – Question 9.1: What has the environment got to do with accounting (NEW)? QUESTION 5 – Question 9.9: What is an externality, and why do financial accounting practices typically ignore QUESTION 6 – Question 9.20 (NEW): Explain what is meant by the following statement: †¦In the long term, environmental sustainability is necessary for both social and economic sustainability, so attention to minimising impacts in respect of the environment is necessary to ensure a sustainable social and economic future. QUESTION 7 – Question 9.35 (NEW): What is a cap-and-trade system and what accounting issues does it create? QUESTION 8: What is international integrated reporting and how does it differ from the current financial reporting system we have. TUTORIAL 6 – Semester 2 2014 Topic 7: Positive accounting theory QUESTION 1 – Question 7.5: Explain why a decision made in London by members of the International  Accounting Standards Board and incorporated within an accounting standard could influence the business operating strategies employed by a manager in Melbourne, Australia. QUESTION 2 – Question 7.10: As part of efforts to develop a revised Conceptual Framework for Financial Reporting, the IASB is currently investigating alternative approaches for measuring the assets and liabilities of reporting entities. In relation to asset measurement it appears that fair value is a favoured option of the IASB. In this regard, would researchers who embrace the view that accounting plays a vital role in reducing the contracting costs of an organisation favour the adoption of fair value in all situations? Carefully explain your answer. QUESTION 3 – Question 7.12: Would managers who have negotiated debt contracts with accounting-based covenants based around ‘rolling GAAP’ be relatively more likely to lobby an accounting standard-setter about a proposed accounting standard than would a manager from a firm who has negotiated accounting-based debt covenants that use ‘frozen GAAP’. Why or why not? Illustrate using AASB2 Share Based Payments and assume that it is the year 2003. QUESTION 4 – Question 7.15: Do you think the policy decisions made by members of the International Accounting Standards Board would or should give consideration to the insights provided by Positive Accounting Theory? Why? QUESTION 5 – Question 7.17: If senior managers within a company were rewarded by way of accounting-based bonus plans then would they, or the owners/shareholders (or both), prefer the use of conservative accounting methods? Explain the reasoning for your answer. QUESTION 6 – Question 10.22 Accepted assumptions about market efficiency mean that it is the information  content of disclosure, and not the form of the disclosure, that is valued by the market. Therefore it should not matter whether information is disclosed within the notes to the financial statements, or in the financial statements themselves. If this is true, then why would managers care if something – such as a lease liability – is disclosed only in the notes, or included within the liabilities disclosed within the balance sheet?

Background of the Study

This doctoral dissertation will be conducted to determine the intensity of need for abused victims’ therapist hotline, one stop shop and law enforcers in diverse States of America. It will make use of the experimental method of research as it is aimed at ascertaining intensity of needs for therapist hotline, parametric reception areas, and secured holding quarters for abused victims as against law enforcers mere investigations often including mandatory reporting or convincing the victim to do her job of confronting the suspect through standard judicial proceedings. Chapter 1 Introduction   Background of the Study There is a demand for abused victims’ hotline and a one stop shop in diverse states of America.   Consequently, the building interest was by no means, then, limited to Law enforcers.   However, it is now spreading all over America at a rate that surprises secular and non-secular entities that supplies similar services. Americans have developed great interest in this endeavor because of its humanitarian and public values.    They apparently have realized that it makes victims feel safe in non-judgmental, anonymous places to test the waters as they begin their quest to find appropriate help they need.   Many may have realized that abused victims’ hotline and one stop shop, lifts up their spirit, brighten victims’ world, and add zest to life.   Moreover, abused victim’s hotline and one stop shop is an avenue that promises socially rewarding prospects. Statement of the Problem This study is mainly concerned with finding out the intensity of need for abused victims’ therapist hotline, one stop shop and law enforcers in diverse States of America.   It will address itself to the following problems: 1.   Which of the needs classified as?   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   a. therapist hotline;   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   b. parametric reception areas;   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   c. secured holding quarters;   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   d. law enforcers mere investigations;   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   e. mandatory reporting; and   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   f. convincing victim to confront suspect with legal options will best meet the requirement of an abused victim? 2.   At what category will the fragile case of an abuse victim be best handled and accommodated? 3.   Which among these classified needs meets the immediate requirements of the abused victim under the following circumstances?   Ã‚  Ã‚  Ã‚  Ã‚   a. rape victim   Ã‚     Ã‚  Ã‚  b. substance abuser   Ã‚  Ã‚     Ã‚  c. domestically abused Significance of the Study In a country like the United States of America the need for an avenue that promises socially rewarding prospects is vital; hence, it becomes imperative to extend present day knowledge on developing speedy communication system, appropriate reception and apt accommodations for abused victims. The researcher believed that the baseline data that will be gathered for the results of this study shall serve as guide of other researchers in their quest for additional knowledge specially those interested in the field of psychology and sociology Theoretical Framework of the Study An abused victim normally walks off with traumas of their pains. Some of them prevail over the stress and surfaced with triumph. But, most are too weak to be devastated with grief.   The difference between civil and criminal cases in domestic violence (Rainer, 2006) is a problem which an abused victim must face up to. Plus is the idea of confronting the suspect in court considering the raw sores of recently inflicted pains abused victims immediate needs must be addressed first prior to other legal measures. Commonly, Social psychologist views that the impact of social processes on human behavior may specialize into attitude formation and attitude change, group dynamics, prejudice, or violent behavior. Karl Emil Maximilian Weber (1864-1920) a famous social theorist of the 20th century took Kant view of moral psychology suggesting principled deed is primarily concomitant with self-discipline (Mohr, J. C. B., 1984). So is the interest of psychotherapist as specialist in the area of handling abused victims. For Weber, the significance and worth of what one does would rely upon one’s perspective of things (Mohr, J. C. B., 1984) which is exactly the same perspective as those the advocates of an abused victims’ hotline, parametric reception area, holding areas. These steps can be proven, understood and explained making it rational (Mohr, J. C. B., 1984). Assuming the abused victims’ desire for treatment and rehabilitation which may be a specific personality and is dependent upon the victims’ personal commitment, the strength of community values where the victims’ are, is a very important foundation (Mohr, J. C. B., 1984). Hypotheses:   Ã‚  Ã‚  Ã‚   1.   Ho: There is no significant difference among therapist hotline, parametric reception areas, secured holding quarters, law enforcers mere investigations, mandatory reporting, and convincing victim to confront suspect with legal options to meet the requirement of an abused victim?   Ã‚  Ã‚  Ã‚   2.   Ã‚  Ho: There is no category that will best handle and accommodate the fragile case of an abuse victim.   Ã‚  Ã‚  Ã‚   3.   Ã‚  Ã‚  Ho: There is none among the different classification of needs meets the immediate requirements of the rape victim, substance abuser and domestically abused victim. Scope and Delimitation of the Study The study will be delimited to the use of therapist hotline, parametric reception areas, secured holding quarters, law enforcers mere investigations, mandatory reporting, and convincing abused victims such as rape, substance abuser and domestically abused to confront suspect with legal options.

Research paper Example | Topics and Well Written Essays - 1500 words - 22

Research Paper Example Thus, social media is changing the mind sets of people and changing the meaning of privacy for people who once valued their privacy more than anything else. The meaning of privacy depends on how each individual perceives it. The literal meaning of privacy is a state of being free from public attention and not being disturbed by others. It is true that no individual has ever perceived privacy in such an intense meaning. Privacy for an individual has meant being free from constant observations, disturbances, or interferences. Every person needs their personal space and their privacy in which they can be themselves and practice their freedom. Every state gives its citizens the right to be left alone if desired. No person is obligated to reveal their location, personal information, or daily activities to anyone until they are willing. This privacy lets people enjoy their freedom, stay calm and peaceful, and gain wisdom. Unfortunately, social media and the enhancing trends have changed the meaning of privacy as it is perceived by individuals (Spinello 43). The internet has been in the society since a long time but the social networking phenomenon is very recent. Historically, an internet user was not required to reveal any of the personal information. It was enough for the user to have an online presence through which he could communicate and exchange information. The websites respected the privacy concerns and personal information was not as openly required as it is today. Often people didn’t even know whether the other person they are talking to over the internet was a girl or a boy. In every sense, privacy was respected and protected which made the internet a secure and positive place (Albarran 154). It is important to note that the meaning of privacy is constantly changing and evolving in the 21st century. In a general context, the notion of privacy has changed sufficiently. The continuous developments taking place

Aligning Adoption Law Essay Example | Topics and Well Written Essays - 2500 words

Aligning Adoption Law - Essay Example Given this dogma, one wonders how the severance of the above-referenced child's ties to her grandmother is truly taking all aspects of her welfare into consideration. The above ruling also begs the question of whether or not the court proceeding was in keeping with section 8 of the European Convention on the Protection of Human and Fundamental Freedoms 1950. Indeed, Diduck and Kaganas may be correct in their statement that "the complete replacement of one family with another may be out of step with human rights ideals. It may also be out of step with changing family practice' (Diduck and Kaganas, 2006). Current adoption laws in the United Kingdom stem from the Adoption Act of 1976, which was revised under the Children's Act of 1989. Further amendments were created with the Adoption and Children Act of 2002 and the Children and Adoption Act of 2006. From the time of the Adoption of Children Act in 1926, the majority of children adopted in the United Kingdom were infants. There was an explosion of abandoned infants after World War I. Women having affairs with soldiers while either unmarried or with husbands away at war led to many illegitimate births. These women, and the women who had taken care of these children were now working in factories. A better solution than abandonment was found in adoptions. The focus of these adoptions was twofold; adoption provided relief for unmarried mothers, and it allowed married couples, unable to conceive, to become parents. Most adoptions were closed and cloaked in secrecy. The 'clean break' these types of adoptions created was thought to be the best way for infants to create bonds of attachment to their new parents. The last several decades have seen many changes in social thinking and behavior. Some of these new ideas have led to drastic changes in the types and needs of adopted children. Illegitimacy and unwed mothers no longer carry the social stigma they once did, and many religions have grown more tolerant of these people, welcoming them whereas before they would have been shunned. As a result, more women are choosing to keep their infant children to raise themselves. New legislation has made divorce easier to obtain, thus there has been a growing number of single parents. Legislation has also allowed more women to obtain abortions for unplanned or unwanted pregnancies. 2 See Keating's discussion on the underlying issues of the enactment of the 1926 Adoption of Children Act. 3 Keating provides reasoning behind the clean break ideas of early adoption. For the opposing view, see Norrie (pg20). RUNNING HEAD: Aligning Adoption Law with Human Rights Ideals These social changes, along with the wide spread use of more effective contraceptives, have caused the number of infancy adoptions to sharply decline since 1970.4 At the same time, adoptions of looked-after or foster children have increased. In 1975, 7% of all

Marketing of TelePacific Communications Case Study

Marketing of TelePacific Communications - Case Study Example It is evidently clear from the discussion that financial strength is one of the prime constraints of TelePacific which restricted them to promote the company across the world. Therefore, e-marketing will be an effective promotional tool to develop awareness among the people of the world. Moreover, the award received in 2010 has enabled the company to increase its annual revenue by 13% each year. Managing customers efficiently is an important competency of an organization dealing in the service sector. Maintaining long-term relationships with the existing customers and developing unique strategies will enable the company to retain and to attract new clients. Involving customers in planning future strategies of the company will influence them in maintaining long-term relationships with the organization. Moreover, employee satisfaction is also an important factor which should be dealt sophistically. The employees are the core communicators who interact with the customers. Thus, job sati sfaction and continued training programs are essential for enhancing the relationship among the customers and the organization. Managing the Customer Relationship TelePacific is renowned for providing excellent services to its customers along with quality network coverage. In order to measure the performances of their employees the company has implemented various metrics which create accountability and visibility across the organization. The metrics are reviewed every week on an organizational level discussing relevant issues and developing customer experiences through their services. One of the core commitments of the company is to enhance the relationship with the existing customers and to introduce innovative products for attracting new customers. Thus, Customer Relationship Management (CRM) is an effective tool for maintaining long-term relationships with individual customers. The strategies of CRM help create new and shared value for individual customers that leads to building preferences for the organization ultimately generating appropriate outcomes related to business results (TelePacific Communications, 2012) . The company enables customers for communicating with the top level management by providing them direct phone numbers regarding any issue. In addition, TelePacific can invite ideas from customers for jointly planning and developing values distinct to the class of customer. Furthermore, the management can collaborate with the distribution channels for enhancing individual customer satisfaction. Integrating customers’ suggestion into their technologies will develop their participation and involvement with the company. Moreover, e-marketing is growing rapidly as a competent tool for promoting a company and its products. Various strategies are being employed by organizations to attract the attention of the customers in order to promote their unique products and services offered. Social networking sites are quite common these days to promote c ompany’s products. The use of social networking sites has developed immensely among the younger generations and corporate. Therefore, generating awareness of the services offered by TelePacific through Facebook or Twitter will attract new customers. Furthermore, it gives the company an opportunity to interact directly with the individual customers and identify the common desires and evolving trends.  

Dickens's Treatment of Education and Social Mobility in Great Essay

Dickens's Treatment of Education and Social Mobility in Great Expectations - Essay Example These circumstances call for a story far less comfortable about the separation of good and evil, the imputable and the innocent,........" (Reed, 1995) In Great Expectations, Dickens gives us the story of Pip and the story of Pip's growing into a man is a portrayal of his expectations and aspirations: "Now, I return to this young fellow. And the communication I have got to make is, that he has great expectations". It is also a realistic chronicle of Pip's enormous guilt both deserved and undeserved, his insecure posture as a gentleman, his moderate success at being a gentleman in the worldly sense and his finally ending up as a gentleman of intrinsic value. For it is in the definition of a "gentleman" that the central dichotomy of the novel lies, and being a gentleman is directly related with social mobility and education, not only in the personal story of Pip himself, but in the stories of the gallery of characters that surround him from his childhood to maturity. And the concept of becoming a gentleman is constantly and inextricably related to educational improvement. Not born to gentility like any other gentleman, Pip must strive to acquire all the ways of a gentleman, and for him the only option to do this lies in being better educated and improving his reading and writing: "writing some passages from a book, to improve myself in two ways at once by a sort of stratagem." Education for Pip is therefore vital, and has become the measure of his worth as Harold Bloom has pointed out: "For Pip, writing and reading will become the beginning of his accomplishments. They are the vehicles of his anticipated upward social mobility, and the expectation not only of greater wealth but of moral superiority as well. He recapitulates the historical experience by which oral culture is devalued and writing replaces spoken communication as the transcendent value of western culture. The subsequent plot reveals how Dickens is making an accounting of the costs and benefits of modernization: writing, the production of language, and the manipulation of words and capital have become the new measure of human worth". (Bloom, 2000) 1.3 Dickens as a social climber and Pip's aspirations As in David Copperfield which had definite autobiographical overtones, Dickens uses the first-person narrative style in Great Expectations as well, and if we look back on Dickens' youth, it is not hard to find similarities between his life and Pip's, and the ways in which the fictional Pip dealt with his issues the way his creator did in real life. In The Life of Charles Dickens, and Favorite Stories, Everett H. Rupert relates the dismal beginnings of Dickens' own education: "Such formal schooling as he got during his early childhood was little better than no schooling at all. His tired, over-worked mother taught him his letters, and later the rudiments of English and a little Latin". This can be very easily related to Pip's earliest encounters with education: "Much of my unassisted self, and more by the help of Biddy than of Mr. Wopsle's great-aunt, I struggled through the alphabet as if it had been a bramblebush; getting considerably worried and scratched by every letter. After that I fell among those thieves, the nine figures, who seemed every evening to do something new to disguise themselves and baffle recognition. But at

Strategic Management Paper Essay Example | Topics and Well Written Essays - 750 words

Strategic Management Paper - Essay Example The strengths that are associated with the New York Times are based on the concept of diversity that has been incorporated into the main part of the platform. The main creation of news is one that is based on providing diversity at three levels, including the local, national and international realms. More important, the New York Times has expanded into a new market that is able to incorporate several concepts and applications that are a part of the main strengths. The main platform has developed into a news arena that is able to focus on several target markets while providing general news that was a part of the foundation of the company. The weaknesses that are associated with the New York Times are based on the sense of production and research and development that is associated with the company. Instead of creating a specific association with a specific type of production, there is a building into diversity that is all in one newspaper. The production is limited to the multimedia, trends and demands that are from the market. However, there isn’t a niche market or a specific association with diversifying the market in an alternative manner. At the same time, there is a broader range of the market to cover because of the move into globalization with a focus specifically that comes from New York. For the production to continue to work effectively, they will have to continue working toward diversifying the market, working with the changing media and building branches within the business. The internal factors that are associated with the strengths and weaknesses begin with the management. The management is able to provide strength because of the diversity of the company as well as the association with the global market. The internal management compliments this with changing the portfolio that is within the company through news reports and digital media. The association is based on diversity for local