The Huston Rockets Back-to-Back Championships Essay

â€Å"Keep moving the ball around and dump it inside to Hakeem.† – Rudy Tomjanovich Sounds pretty easy right. Wrong. While Hakeem Olajuwon was one the most dominating centers that the NBA has ever seen, the defense usually didn’t let him get easy buckets inside the paint. Or at least try not too. The offense that coach Tomjanovich used during the Houston Rockets back-to-back championships relied heavily on Hakeem’s post skills and the ability of their outside shooters to knock down wide open looks. This kind of offense is known as a 4-Out, 1-In Motion Offense and it is probably one of the easiest offenses that a team can use. The concept of the offense is to get the ball and defense moving and end up getting the easiest shot possible.†¦show more content†¦This takes the defending post player away from the hoop and allows the offense team post player to go 1-on-1 with the defender from the free throw line area. This opens up the inside underne ath for back cutters and dribble penetration from the wings and corners. The high post player can also be used as a screener for the perimeter players. This can cause a big-time mismatch when the defense decides to start switching the screens. The post player will have a smaller player on him that he can easier post up on or one of the perimeter players will have the post defender on them and should easily take them of the dribble for a bucket. This set can also be used against teams that like to full front the post player. The post player should move up to the high post area. If they are still fronted by the defender they should first seal the defender and then cut to the basket for an over the top lob pass. For a post player that likes to stay down low a team might like to consider using the 4-Low set. This requires the post player to move from low block to low block, or from short corner to short corner. It is also used against a defense that has a big, strong inside post defend er or shot blocker that the post player can’t beat 1-on-1. This set opens up the top of the lane for 1-on-1-dribble penetration and cuts. The post player is set up to post up 1-on-1 with their defender. Taking away the shot blocker from the basket allows smaller,Show MoreRelatedDeveloping Management Skills404131 Words   |  1617 Pagesmultiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often. We have learned how to make a living but not a life; we’ve added years to life but not life to years. We’ve been all the way to the moon and back but have trouble crossing the 4 INTRODUCTION street to meet the new neighbor. We’ve conquered outer space but not inner space. We’ve done larger things but not better things. We’ve cleaned up the air but polluted the soul. We’ve split the

Summary Of Charles Dickens And The Glass Castle By...

It has been said that love is expressed in many ways, and when it comes to a pivotal figure, such as a father, that love is eternal. However, in some cases, a father’s love can be obscured by his own yearnings. In both novels, â€Å"Hard Times† by Charles Dickens and â€Å"The Glass Castle† by Jeannette Walls, readers get a glimpse at a powerful father figure and the impact his teachings have on his daughter. Mr. Gradgrinds drive for facts and education and Mr. Walls’ hunger for imagination and new challenges force Louisa and Jeannette to live subservient lives. The overall theme that encompasses the influence of a father and his daughter’s love is prevalent throughout passages in both stories that reveal the constraining of beliefs and the effect†¦show more content†¦There was no other way to explain it† (Walls 66). Jeanette’s father believed so strongly in learning to swim alone that she had no say in how she wanted to learn. In â€Å"Hard Times,† by Charles Dickens, Louisa is in the same situation as Jeannette; her father, Mr. Gradgrind, is stubborn with his â€Å"eminently practical† ideologies. Mr. Gradgrind overheard his daughter talking to her brother about wondering and shouted, â€Å"Louisa, never wonder!† (Dickens 51). Gradgrind did not believe in imagination; facts and mathematical equations were the key to success in life and there was no time to wonder. Louisa could not have much of a childhood without imagination or stories to read; â€Å"[s]he was a child now, of fifteen or sixteen; but at no distant day would seem to become a woman all at once.† (Dickens 17). Forced to follow her father’s rules about learning, Louisa had to mature at a young age. Rex Walls’ actions ended up making Jeannette mature very young as well. Jeannette was making her own money and even paying bills. She was saving up to leave for New York, however, when her father asked her for money to buy more booze, she could not say no. Jeannette said that â€Å"[g]iving him that money pissed [her] off. [She] was mad at [herself] but even madder at [her] Dad.... [She] felt used† (Walls 209). At times, her father directed her actions and sometimes, she gave in subconsciously because despite all the wrong he had done,

Sejanus Free Essays

SejanusLucius Aelius Sejanus (20 BC – October 18, AD 31), commonly known as Sejanus, was an ambitious soldier, friend and confidant of the Roman Emperor Tiberius. An equestrian by birth, Sejanus rose to power as prefect of the Roman imperial bodyguard, known as the Praetorian Guard, of which he was commander from AD 14 until his death in AD 31. While the Praetorian Guard was formally established under Emperor Augustus, Sejanus introduced a number of reforms which saw the unit evolve beyond a mere bodyguard into a powerful and influential branch of the government involved in public security, civil administration, and ultimately political intercession; changes which would have a lasting impact on the course of the Principate. We will write a custom essay sample on Sejanus or any similar topic only for you Order Now During the 20s, Sejanus gradually accumulated power by consolidating his influence over Tiberius and eliminating potential political opponents, including the emperor’s son, Drusus Julius Caesar. When Tiberius withdrew to Capri in 26, Sejanus was left in control of the entire state mechanism as de facto ruler of the empire. For a time the most influential and feared citizen of Rome, Sejanus suddenly fell from power in 31, the year his career culminated with the consulship. Amidst suspicions of conspiracy against Tiberius, Sejanus was arrested and executed, along with his followers. | Marcus Vipsanius AgrippaMarcus Vipsanius Agrippa (23 October or November 64/63 BC – 12 BC) was a Roman statesman and general. He was a close friend, son-in-law, lieutenant and defence minister to Octavian, the future Emperor Caesar Augustus and father-in-law of the Emperor Tiberius, maternal grandfather of the Emperor Caligula, and maternal great-grandfather of the Emperor Nero. He was responsible for most of Octavian’s military victories, most notably winning the naval Battle of Actium against the forces of Mark Antony and Cleopatra VII of Egypt. | Seneca the YoungerLucius Annaeus Seneca (often known simply as Seneca; ca. BC – AD 65) was a Roman Stoic philosopher, statesman, dramatist, and in one work humorist, of the Silver Age of Latin literature. He was tutor and later advisor to Emperor Nero. While he was later forced to commit suicide for alleged complicity in the Pisonian conspiracy to assassinate Nero, the last of the Julio-Claudian emperors, he may have been innocent. His father was Seneca the Elder and | Vipsania Agrippina Vipsania Agrippina (36 BC-20 AD) was the daughter of Marcus V ipsanius Agrippa from his first wife Pomponia Caecilia Attica, granddaughter of Cicero’s friend and knight Titus Pomponius Atticus. Her maternal grandmother was a descendant of Marcus Licinius Crassus. By marriage, she was a great-niece to Quintus Tullius Cicero. Octavian and her father betrothed her to Tiberius before her first birthday. In 20 BC or 16 BC she married Tiberius. Their son Drusus the Younger was born in 13 BC. Agrippa died in March, 12 BC. He was married to Julia the Elder, daughter of Augustus. Augustus forced Tiberius to divorce Vipsania and marry Julia. Tiberius reportedly loved Vipsania and disapproved of Julia. Vipsania was at the time pregnant, and from the shock lost the baby. | Livia (30 January 58 BC– 28 September AD 29), after her formal adoption into the Julian family in AD 14 also known as Julia Augusta, was an empress of Rome as the third wife of the emperor Augustus Caesar, as well as his adviser. She was the mother of the emperor Tiberius, paternal grandmother of the emperor Claudius, paternal great-grandmother of the emperor Caligula, and maternal great-great grandmother of the emperor Nero. She was deified by Claudius who acknowledged her title of Augusta. After Mark Antony’s suicide following the Battle of Actium in 31 BC, Octavian had removed all obstacles to his power and henceforth ruled as Emperor, from 27 BC on, under the honorary title Augustus. He and Livia formed the role model for Roman households. Despite their wealth and power, Augustus’s family continued to live modestly in their house on the Palatine Hill. Livia would set the pattern for the noble Roman matrona. She wore neither excessive jewelry nor pretentious costumes, she took care of the household and her husband (often making his clothes herself), always faithful and dedicated. In 35 BC Octavian gave Livia the unprecedented honour of ruling her own finances and dedicated a public statue to her. She had her own circle of clients and pushed many proteges into political offices, including the grandfathers of the later emperors Galba and Otho. | How to cite Sejanus, Papers

Accounting and Reporting Impairment Test - Free Sample

Question: Discuss about the Corporate Accounting and Reportingfor Impairment Test. Answer: Introduction This study aims to provide an advice to Longreach Ltd regarding the assets impairment tests as per AASB 136. During this study, the focus is made on identifying the reasons of conducting the impairment test. At the same time, the study also provides the guidance regarding the effects of goodwill in the impairment test. Along with these, the basic steps, which are required to be followed during the impairment test, are also identified. The Purpose of Impairment Test: Avallone and Quagli (2015) stated that an impairment test helps the companies identifying whether the items shown in the balance sheet of the company actually worth the money value stated in the balance sheet. In the business organization like, Longreach Ltd, different types of assets are used for generating the revenue or operating the business activities. These assets can be divided into two categories fixed assets and current assets (Rocha do Nascimento et al. 2015). However, in the business organization, there is another type of assets, which is known as intangible assets. The intangible assets are the goodwill, patent, trademark and copyright (Penner, Kreuze and Langsam 2016). However, the companies conduct the impairment test at the time, when the book value of asset is higher than the actual value of the asset. Hence, in order to adjust the book value of the assets with its actual value, the companies conduct the impairment test (Gros and Koch 2015). In the other words, it can be said that the impairment test is conducted in order to adjust the book value of the assets with its expected future or market value. This means, the impairment test is done in order to identify the actual financial position of the company in a particular financial year. As per the AASB 136, the impairment test must be done in order to ensure that the assets of the company are carried at their recoverable amount (Zhuang 2016). Effects of Goodwill on the Impairment Test Goodwill is considered as the assets of the company. Therefore, it is obvious that the value of goodwill also changes over the time. The existence of goodwill can affect the impairment test in a company (Bond, Govendir and Wells 2016). If the goodwill of the company is purchased and the market value of the company declines, then due to the decreased market value, the value of the goodwill will also decline (Jordan and Clark 2015). Hence, the company will require conducting the impairment of goodwill. This means, if there is purchased goodwill, and then the impairment loss will take place due to the decrease in market value. On the other side, if the goodwill in the business is acquired and the market interest rates increases, then also the goodwill of the company will be negatively affected and there will be impairment loss (Banker, Basu and Byzalov 2015). Increase in the market interest rates actually decreases the investment opportunity in the business. Therefore, the value of acqu ired value of business goodwill will also be affected negatively. Hence, the company will require conducting the impairment tests, which generates the impairment loss to the company (Rocha do Nascimento et al. 2015). On the other side, if the company performs badly in the market, then the value of the goodwill of the company decreases. Due to this, the company again requires conducting the impairment test of the goodwill and the impairment loss is generated (Koroec, Jerman and Tominc 2016). Therefore, from this discussion, it can be said that if there is goodwill included in the balance sheet of the company, whether that is purchased or generated through the business activities, the companies required conducting the impairment test (Detzen, Wersborg and Zlch 2015). However, the impairment test is conducted only when the value of the goodwill changes due to some internal or external factors. Basic Steps in Impairment Test In order to conduct the impairment test, Longreach Ltd requires following some basic steps. These steps are as follows: Step 1 The first step of conducting the impairment test is calculating the recoverable value or amount of the asset (Jordan and Clark 2015). The recoverable value of the asset is that value, which the company generates deducting the cost of sell from the fair market value of the asset (Gros and Koch 2015). This is actually the estimated future cash flow that the company will derive from the asset. Step 2 The second step comparing the recoverable value of the asset with its carrying value. At this step, the company identifies whether the carrying value of the asset is higher or lower than its actual value or recoverable value (Bond, Govendir and Wells 2016). Step 3 The third step of asset impairment test is allocating the recoverable amount or value to the asset of the company (Banker, Basu and Byzalov 2015). At the time of comparing the recoverable amount to the carrying value, if it is identified that the recoverable value is less than the carrying value, then the value is considered as the impairment loss and if it is high, then it is considered as impairment profit (Penner, Kreuze and Langsam 2016). However, in most of the time, the impairment loss is obtained through the impairment test. Therefore, in the above discussion, it can be identified that there are mainly three basic steps, which are needed to be followed by Longreach Ltd, while conducting the impairment test. Conclusion In this study, it has been identified that the asset impairment test is important for the company in order to identify the actual value of the asset. In AASB 136, it has been mentioned that the impairment test is needed to be done for ensuring that the assets of the company have been carried at their recoverable amount. The study has also identified that existence of goodwill has effects on the impairment test of the company. The study has indicated that the company requires following three basic steps while conducting the impairment tests for its assets. In the Books of Crossbow Ltd Calculation of Impairment loss Particulars Amount Carrying value of assets 1680000 Recoverable value of assets 1420000 Fair value of assets 171000 Real value of assets 1420000 Impairment loss 260000 Less: Goodwill on acquisition 40000 Impairment loss after deducting goodwill 220000 Ascertaining the impairment loss allocation Particulars Amount Percentage Impairment Land 200000 12% 26829.26829 Inventory Products 180000 11% 24146.34146 Brand value 160000 10% 21463.41463 Shoe Factory 700000 43% 93902.43902 Machinery for Manufacturing Shoes 400000 24% 53658.53659 TOTAL 1640000 100% 220000 Sources: (Created by Author) Journal entries Date Particulars Amount ($) (Debit) Amount ($) (Credit) 30/06/2015 Impairment Loss A/c. Dr. 260,000 To, Goodwill A/c. 40000 To, Land A/c. 26829 To, Inventory Products A/c. 24146 To, Brand "Crossbow Shoes" A/c. 21463 To, Shoe Factory A/c. 93902 To, Machinery A/c. 53659 (Being The net assets and liabilities as well as goodwill impaired as per the recoverable value) Income Statement A/c. Dr. 260,000 To, Impairment Loss A/c. 260000 (Being the value of impairment loss transferred to income statement ) Sources: (Created by Author) Reference List: Avallone, F. and Quagli, A., 2015. Insight into the variables used to manage the goodwill impairment test under IAS 36.Advances in Accounting,31(1), pp.107-114. Banker, R.D., Basu, S. and Byzalov, D., 2015. Implications of impairment decisions and assets cash-flow horizons for conservatism research.Fox School of Business Research Paper, (14-031). Bond, D., Govendir, B. and Wells, P., 2016. An evaluation of asset impairments by Australian firms and whether they were impacted by AASB 136.Accounting Finance. Detzen, D., Wersborg, T.S.G. and Zlch, H., 2015. Bleak Weather for Sun-Shine AG: A Case Study of Impairment of Assets.Issues in Accounting Education,30(2), pp.18-39. Gros, M. and Koch, S., 2015. Goodwill Impairment Test Disclosures Under IAS 36: Disclosure Quality and its Determinants in Europe.Available at SSRN 2636792. Jordan, C.E. and Clark, S.J., 2015. Do Canadian Companies Employ Big Bath Accounting When Recording Goodwill Impairment?.International Journal of Economics and Finance,7(9), p.159. Koroec, B., Jerman, M. and Tominc, P., 2016. The impairment test of goodwill: an empirical analysis of incentives for earnings management in Italian publicly traded companies.Economic Research-Ekonomska IstraÃ… ¾ivanja,29(1), pp.162-176. Penner, J.W., Kreuze, J.G. and Langsam, S.A., 2016. INSTRUCTORS'NOTES: IMPAIRMENT ANALYSIS: COMPARISON OF IMPAIRMENT OF LONG-LIVED ASSETS BETWEEN US GAAP AND IFRS.Academy of Educational Leadership Journal,22(2), p.90. Rocha do Nascimento, D.V., da Silva, J.P., Sa, T.S. and Gonzaga Borges, T.J., 2015. Impacts Of The Impairment Test In The Accounting Variables And Performance Indicators Of The 50 Largest Companies Listed On BmFbovespa.Revista Contabilidade E Controladoria-RC C,7(2), pp.92-108. Zhuang, Z., 2016. Discussion of An evaluation of asset impairments by Australian firms and whether they were impacted by AASB 136.Accounting Finance,56(1), pp.289-294.