Food Journal Reflections Lab Report Example | Topics and Well Written Essays - 250 words

Food Journal Reflections - Lab Report Example I had one and a half serving of vegetables and one serving of fruit per day (organic content) which I considered too little. For foods with animal products, I took a glass of milk for each of the two days. Most of the foods I ate are local foods. Most of the foods stocked in the grocery and supermarket stalls in the country are local foods. It is important to prompt the local food industry by consuming more of the local foods than the imported ones (Wang,2014). The local foods are of an immense variety each containing specific nutritional requirements.The average American eats one serving of fruit and vegetable each day which is too little to provide the necessary organic requirements. There is also an increasing amount of meats consumption in American households while foods containing other essential animal products like minerals are on the decline. A healthy diet requires that an individual eats a balanced diet every day while striving to sustain a caloric intake of about 2000 calories per day. This requires cutting down on meat consumption to at least once per two days and increase the intake of foods with organic content like fruits and vegetables to at least once per day. Along with fruits and vegetables, individuals should also strive to have at least every meal providing essential animal products apart from meat (Wang, 2014). Such products include milk, eggs et cetera. Wang, D. D., Leung, C. W., Li, Y., Ding, E. L., Chiuve, S. E., Hu, F. B., & Willett, W. C. (2014). Trends in dietary quality among adults in the United States, 1999 through 2010.  JAMA internal medicine,  174(10),

Determinants of financial conservatism in the United Kingdom and Dissertation

Determinants of financial conservatism in the United Kingdom and France - Dissertation Example In the first section, which serves as a background and motivation for this investigation; the empirical studies into financial conservatism and debate on its existing measures in a summarized form has been laid out. In this chapter, a detailed literature review is presented, which elaborates on the various schools of thought regarding conservatism. The next section describes about financial distress. The co-relation between financial distress and financial conservatism is discussed. The analysis has been carried out on financial models of Ericson (as an example from the literature), Alcatel-Lucent and England and Wales Cricket Board (their financial report) as case studies and the results have been discussed to establish that the financial conservatism has its standing and strengths in corporate governance to the modern corporate world. In addition, a comparison of the term Financial Distress with the Accounting Conservatism from the literature concludes that financially conservative firms do not depend on financial distress. To carry out this comparison, a sample of small firms that defaulted on their bank debt in UK and France is taken and analyzed. The last part is devoted to the conclusion of our analysis efforts. From this study, we conclude that financial conservatism is very independent of financial distress and provides more flexibility to the firms. We find that there are several reasons to use accounting conservatism in corporate governance and that current empirical evidence indicates that conservatism has increased in the last decades. Key terms; International Financial Reporting Standards (IFRS), Financial Conservatism, Cash conservatism, Leverage Conservatism, Regression Analysis, Statistical Mean, Empirical Measure/Model, Data, Cash Flow, Financial Distress, Bankruptcy and Proxies CHAPTER 1: INTRODUCTION OF CONSERVATISM 1.1 Introduction Conservatism is the most influential principle of valuation in accounting (Watts, 2003).It is defined as the di fferential verifiability required for recognition of profits versus losses. Firms employ this approach to restrict the risk factor by anticipating/ portraying lower profits along with higher losses. According to the principle of conservatism in accounting in case of doubt, the accounting alternative that is least likely to overstate assets and income should be chosen. (Schroeder et al., 2001, p.78). The conservative accounting method influences both on earnings and on net asset value. The effect on earnings will depend on whether the investments are growing, stable or decreasing. Conservative accounting always results in a lower net asset value of the company. Thus, conservatism of the firm can be evaluated based on either its leverage conservatism (low leverage firms) or cash conservatism (cash rich firms) or both. (Iona et al., 2004). It is employed to avoid any misunderstanding regarding the company’s financial standing with the internal as well as external shareholders. T hese stakeholders can be the business shareholders, debt holders and the management. 1.2 General Approaches to Financial Conservatism 1.2.1 Revenue Recognition Firms commonly impose a strict revenue recognition policy as part of their conservative policies. This ensures that the company does not over state its revenue, hence reducing the chance of inflated gross profits appearing in its financial statements. For this purpose, the revenue is recognized only when the products are sold/services completed; all transactions are realizable. 1.2.2 Overestimation of Allowance for Bad Debts This policy is placed to cater for a worst-case scenario