Minicase-10(Managerial Accounting) Essay Example | Topics and Well Written Essays - 500 words

Minicase-10(Managerial Accounting) - Essay Example Restricted stock is that part of equity of the company that is allotted or sold on a conditional basis in lieu of compensation to be paid or as a part of ESOP. The conditions associated with the restricted stock would be that the investor should hold the stock for certain period of time. Another condition would be that the Employee needs to stay with the company for certain period of time to be eligible to trade in the restricted stock. Companies need to disclose the Stock based employee compensation in the Notes to the financial statements. 1ESOPs should be accounted based on Fair value based method of accounting or intrinsic value based accounting. Compensation cost under the fair value based method is measured at the option grant date based on the value of the option and is recognized over the service period, which is usually the vesting period. Compensation under the intrinsic value based method is the excess, if any, of the quoted market price of the stock at grant date over the amount an employee must pay to acquire the stock. Restricted stock awarded to an employee is measured at the market price of the non-restricted stock on the grant date. However, if a restriction is imposed after the employee is vested with the stock, then restricted stock is accounted at the fair value of stock calculated after taking into account such restriction. The major advantage of ESOPs is that the compensation cost pertaining to ESOPs is not charged to profit and loss account but is just disclosed in the notes to the financial statements. This would enable the companies to show more profits. Now the proposed accounting change of FASB is to make the companies to charge ESOP to the Profit and loss account. This will reduce the profits of many companies and hence the price of the stock of the company, this would prevent these corporate managers from selling the ESOPs granted to them. Apple

George Whitefield Essay Example | Topics and Well Written Essays - 750 words

George Whitefield - Essay Example He died in 1770 (Orentas). Whitefield was specifically popular among the poor and the illiterate lot for his wonderful power of oratory, so they gathered in large numbers to listen to him. Brief history of George Whitefield: In his childhood days, Whitefield would often skip school in order to prepare himself for the on-stage performances that made part of his school’s co-curricular activities. He was a big fan of plays, and had read hundreds of them. In the later years of his life, Whitefield retreated from acting and spared theatrical performances altogether, yet the practice he did in the early years of his life was sufficient to inculcate the qualities of a potential preacher in him. How Whitefield got into preaching: Whitefield joined Pembroke College, Oxford after his school was over. It was the very college where Whitefield joined a community of pious â€Å"Methodists†. Those Methodists introduced themselves to others as â€Å"the Holy Club†. Wesley brothe rs, namely Charles and John were the leaders of this group. Having joined the Holy Club, Whitefield felt a change inside himself and his concerns for the religion and its teachings grew manifolds. As a result of his increased association with the religion, Whitefield took the decision of serving as a missionary in the colony of new Georgia aside the Atlantic Ocean. â€Å"Fight the good fight of faith, and God will give you spiritual mercies† (Whitefield cited in â€Å"BrainyQuote†). The qualities of George Whitefield: 1. The oratory power: The most distinguishing quality of George Whitefield was that he was blessed with a magical oratory power by the nature. He did not know it from the start, but soon as he began to make speeches in front of the public, Whitefield realized that people in the crowd hung on every single word that he uttered. He had an unusual way of portraying the characteristic features of various characters in the Bible. There used to be a great realis m in his speech. While making the speech, Whitefield used to cry and dance. He spoke at the top of his voice. David Garrick, who used to be one of the most popular actors in UK in those days said, â€Å"I would give a hundred guineas if I could say 'Oh' like Mr. Whitefield† (â€Å"Christian History†). Once, it so happened that he was speaking about eternity. While making the speech, he suddenly paused, looked sideways and screamed, â€Å"Hark! Methinks I hear [the saints] chanting their everlasting hallelujahs, and spending an eternal day in echoing forth triumphant songs of joy. And do you not long, my brethren, to join this heavenly choir?† (â€Å"Christian History†). 2. Gathering of the mass: Whitefield knew the magic of gathering people in no time. Crowds that he used to address often exceeded the entire population of the cities in which he would make the speech. Whitefield made a tour to America in 1739 with an intention to preach. His first stop in America was Philadelphia which was the world’s most cosmopolitan city. To hear his speech, so many people gathered that even the most spacious churches in Philadelphia could not accommodate them. The crowd in Philadelphia had some 8000 people in it. In order to address them all at one time, Whitefield had taken them outdoors. Often, Whitefield himself became surprised to see the volume of listeners and would think how scattered crowds managed to gather so quickly