Sexual Minorities - 3395 Words

Sexual Minorities Tiffin University Angela Hofacker February 25, 2013 Instructor Nancy Golinski SOC360 Multicultural Issues in Society When thinking of the different minorities, the one minority that is sometimes not acknowledged as a minority is sexual minorities. These types of minorities can include those who are gay, lesbian, and even bisexual. For purposes of referring to sexual minorities, gays as a reference will be the primary focus. Sexual orientation has been deemed a hot and emotional topic. It can be controversial for many reasons but primarily because it affects so many on the emotional side. Sexual minorities are an established minority because of the discrimination, harassment, and hate crimes they have endured.†¦show more content†¦This then leads to a certain way of thinking that sexual minorities only want to party and meet other gays and or lesbians and have brief sexual encounters; this is a misconception. â€Å"For many people, sexual orientation is just one part of their identity and is not the overriding factor that defines their entire identity† states the Sinclair Institute ( 2012, p. 2). Every person lives life how they see and feel fit to live their lives. Their sexual orientation does not implicate that their lifestyle is only a particular way. Other barrier’s to the gay culture is gender identification. One of the basic problems that sexual minorities encounter is their gender identity or expression. This means â€Å"a person’s internal sense of gender, as well as how a person behaves, appears, or presents with regard to societal expectations of that person† (Bell, 2012, p. 355). Many times a person from a sexual minority faces their own internal challenges along with the discrimination that they face from others. These two issues alone can cause total chaos in the gay or lesbian’s life as well as affecting their friends and family. Another barrier faced by the gay community is homophobia, which is the fear of gays by heterosexuals. Gay people in the military face this problem all the time. With the military employing more than 1.4 million people, there is a very wideShow MoreRelatedSex Minority And Sexual Minority Orientation1156 Words   |  5 Pagesissues they feel are specific to sexual minority (lesbian, gay, and bisexual) adolescents and those that are questioning their sexuality. Williams et al. questions the way sexual orientation, victimization, psychosocial adjustment, and social support are intertwined in relation to sexual minority youth. They hypothesized that the absence of social support, from both family and friends, along with the experiences relating to being a victim, bring about a sexual minority orientation in adolescents. AdditionallyRead MoreSexual Orientation Of Sexual Minority Health Essay2560 Words   |  11 PagesRelatively recent inclusion of sexual orientation measures in a few fe deral and state health surveillance surveys is enabling the production of population-based information about sexual minority health and its status relative to that of the heterosexual majority. Few studies have been adequately powered to investigate variability in health by sexual orientation, let alone by orientation and other key social characteristics (e.g., gender, race/ethnicity, socioeconomic status); yet research suggestsRead MoreIssues and Intolerance of Sexual Minorities in Arizona1625 Words   |  7 PagesISSUES AND INTOLERANCE OF SEXUAL MINORITIES IN ARIZONA Gays and lesbians are discriminated against and oppressed by archaic sex laws used by the conservative Arizona government. Some statutes include the restriction of same-sex marriage, and no monetary or federal benefits for domestic partners of homosexuals who work for a government agency. Section 38-656 of the Arizona Revised Statutes reads A country, city, town, or other political subdivision of this state shall not offer health andRead MoreSexual Minority, Lesbian, Bisexual, And Transgender Youth1298 Words   |  6 Pagesto their heterosexual peers, sexual minority (LGBT) youth struggle significantly, as they try to navigate through the social stigma attached to their sexual orientation. This population faces significant struggles due to a lack of social support, a hostile school environment, and incidences of bullying, harassment, and physical abuse. Compared to their heterosexual peers, sexual minority youth report experiencing more harassment and discrimination, due to their sexual orientation or gender expressionRead MoreSexual Minority Communities And Hate Motivated Violence1021 Words   |  5 PagesIntroduction There is a correlation between culture and crime specifically with sexual minority communities and hate motivated violence. Hate-motivated violence refers to an act of violence that is motivated by bias or prejudice (Grattet, 2009). Reasons for bias crimes occurring include that these criminal offenses tend to occur in communities with high levels of social disorganization, they occur as a defense against neighborhood in-migration of ethnic others†, and neighborhoods with concentratedRead MoreDeveloping Christian Counseling Techniques For Sexual Minorities1862 Words   |  8 Pages Developing Christian Counseling Techniques for Sexual Minorities Stephanie M. Johnson Liberty University Abstract This paper focuses on counseling clients a part of the â€Å"sexual minority† (Yarhouse, Kays, and Jones, 2013). The information regarding sexual minorities and the techniques to counsel these clients are summarized from Yarhouse et al.’s â€Å"The Sexual Minority Client† (2013). The basis for counseling the sexual minority is competence. This shift to competence is primarily fromRead MoreSexual Minority Youth And Juvenile Justice System1920 Words   |  8 PagesIntro / Problem: Sexual Minority youth (SMY) involved with the Juvenile Justice System (JJS) have a culture that require sensitivity treatment . Many youth that identify as or question their sexuality have experience prejudice attitudes from the initial point of entry( arrest). Navigating through the JJS has been a harsh and unwarranted experience with many fearing their safety from other inmates and staff. Many staff lack the knowledge of the societal realities that SMY struggle with. In additionRead M ore Gay, Lesbian and Bisexual Issues - The Struggle of Sexual Minorities710 Words   |  3 PagesThe Struggle of Sexual Minorities Explaining how to challenge the discriminatory attitudes that remain rampant throughout the world, Mary Robinson, UN High Commissioner for Human Rights, in a recent article, quotes the incisive words of Archbishop Desmond Tutu: We are all of equal worth, born equal in dignity and born free and for this reason deserving respect. . . . We belong in a world whose very structure, whose essence, is diversity almost bewildering in extent, and it is to live in aRead MoreSexual Minority Clients, My Reflections And Plans Of Actions Essay1769 Words   |  8 Pagesto summarize a chapter I read about sexual minority clients, my reflections and plans of actions. Christian counselors counsel sexual minority clients and will encounter several ethical conflicts while working with these clients. The main focus is concentrated on treatments of clients trying to figure out their identity and same-sex attractions. It is emphasized that professional s need to become competent in several aspects while counseling sexual minority clients. Some the areas listed are multiculturalismRead MoreEvidence Based Practices For Homeless Sexual Minority Youth2345 Words   |  10 PagesRunning Head: EVIDENCE BASED PRACTICES FOR HOMELESS SEXUAL MINORITY YOUTH Evidence Based Practices for Homeless Sexual Minority Youth Kerri Dunn-Bales and Mary Ann Callaway University of Oklahoma â€Æ' Abstract: SMY (sexual minority youth, which refers within this paper to youth who identify as gay, lesbian, bisexual, transgender, or queer) are at risk for trauma in particularly high numbers. When SMY become homeless, their risk for exposure to trauma becomes even higher, presenting

Business Ethics Essay - 1498 Words

Question 1: 1. What are the relevant facts? (10 marks) †¢ Annie, a copywriter for Laird and Laird (LL) Advertising, has been assigned to Bud’s Best (BB) bacon account. †¢ Lance Willard is a popular Hollywood movie star, has signed 1 year contract with BB bacon for product testimonials (when given by celebrities known as celebrity endorsements). †¢ President of LL, (Victor) explains to Annie that Victor has signed an affidavit swearing that he is a bona fide user of BB bacon. †¢ Although Lance has plenty of personal experience with BB bacon, as is legally required for him to give a personal testimonial, and he has always preferred BB to any other brand of bacon, Lance has recently turned into a vegetarian for the past one†¦show more content†¦American Advertising Federation †¢ 4. What are the possible alternatives (course of action) available? (20 marks) †¢ Annie could discuss with the company to drop using Lance in this campaign and use someone else who is currently consuming the product. †¢ Annie could decline to continue to work on the campaign because it is against her professionalism. †¢ Annie could have asked to be reassign to some other account where the product poses no health hazards or morally ethical. †¢ Annie could propose another method using Lance which doesn’t suggest that Lance has ever personally used the product. †¢ Annie could agree to go to work on the campaign as proposed. †¢ Annie could propose another method using Lance which doesn’t suggest that Lance has ever personally used the product. 5. What are the ethics involved in these alternatives? (20 marks) In order to determine the ethics involved in these alternatives, we should look into the outcome of act/omission by a person involved. This would lead to questions asked based on a â€Å"utilitarian† perspective (costs and benefit): For example: 1. Which possible alternative would provide the greatest benefit to the greatest number? 2. How would costs be measured in this vignette? 3. Do the benefits of being consistent with your personalShow MoreRelatedBusiness Ethics : Ethics And Business943 Words   |  4 Pagesdiscussions in Business is Ethics. Some people believe that the decisions businesses make in interest of the business has no place in ethics and that they are essentially amoral. These businesses believe that their main objective is to simply make a profit and that it does not affect the success of the business. Whereas some businesses believe that they have to take ethics into consideration, in order for their business to be a success. Richard T. De George (1999) states that ethics and business do notRead MoreThe Ethics Of Business Ethics1471 Words   |  6 PagesReview Nowadays, the concern for business ethics is growing rapidly in the business community around the world. Business ethics are focused on the judgment of decisions taken by managers and their behaviors. The issue regarding these judgments is the norms and cultures that shape these judgments. Business ethics are concerned about the issue, how will the issue be solved and how will it move ahead along the transition analysis as well (Carroll, 2014). Business ethics can be addressed at differentRead MoreEthics And Ethics Of Business Ethics1304 Words   |  6 PagesBusiness Ethics Varun Shah University of Texas at Dallas Business Ethics Morals are a crucial part of life. Without having principles one would never be able to distinguish the right from wrong and good from evil. Just as it applies to life in general, ethics is an integral part of doing business as well. When we here the term Business Ethics in our work place, we usually do not take it seriously and brush it off saying ‘it’s just a simple set of basic rules like not cheating and so on’. ThisRead MoreThe Ethics Of Business Ethics Essay1097 Words   |  5 PagesResource A discusses how ethics is crucial in business. There are three key ideas used to understand this. Firstly, making ethically wrong decisions tend to cause more upset than other general mistakes as purposeful unethical actions are not as easily forgiven or forgotten. Secondly, ethics provides businesses with a broader understanding of everything to do with their business. Business ethics is effectively just business it its larger human context. Thirdly, being unethical ca n tarnish the publicRead MoreThe Ethics Of Business Ethics1064 Words   |  5 Pages　　　　Business Ethics Ethics can be viewed as the rules and values that determine goals and actions people should follow when dealing with other human beings. However, business ethics can be defined as moral principles of a business. It examines moral or ethical problems that arise in a business environment. Generally, it has both normative and descriptive dimensions. Organization practice and career specialization are regarded as normative whereas academics attempting to understand business behaviourRead MoreThe Ethics Of Business Ethics757 Words   |  4 Pagesdeciding what to do in certain situations, ethics is what guides an individual to act in a way that is good, or right. Those involved in business settings apply ethics to business situations, known as business ethics. It is expected of businesses, small and large, to follow business ethics. There is a particular framework businesses are to follow. However, the reoccurring news headlines of poor business ethics prove differently. Poor busine ss ethics include bribery, corporate accounting scandalsRead MoreEthics And Ethics Of Business Ethics1200 Words   |  5 PagesEthics meaning in simple way for average person is what is right from wrong. According to Chris MacDonald (2010)† Ethics† can be defined as the critical, structured examinations of how we should behave - in particular, how we should constrain the pursuit of self-interest when our actions affect others. â€Å"Business ethics is the applied ethics discipline that address the moral features of commercial activity (Business ethics, 2008).Working in ethical way in business has a lot of benefits which can attractRead MoreBusiness Ethics Essay944 Words   |  4 PagesUnderstanding Business Ethics Unit 37: National Diploma Assignment brief TASK 1: Scenario: Business ethics - a study of a selected company With growing interest among consumers regarding the business ethics of the businesses brands that consumers buy, Westminster council wants to conduct an independent review of some of the organisations that sell their goods and services in the borough. You have been asked to select one of the following brands and conduct research into their business ethics. Read MoreThe Ethics Of The Business Ethics1431 Words   |  6 Pages BUSINESS ETHICS INTRODUCTION:- Presentation Ethics are exceptionally regular and essential good esteem that helps us to take the right choice where we think that it hard to pick between our own advantages and the correct thing to do. We are going to talk about three sections of morals Behavioral morals, Bounded ethicality and last one is irreconcilable situation. As from the names of these parts of morals, its verging on clarifying the significance of it. It clarifies why great individualsRead MoreThe Ethics Of Business Ethics Essay2711 Words   |  11 PagesBusiness Ethics Business ethics is a type of professional ethics or applied ethics which examines moral problems and ethical principles that come up in a corporate environment. It is applied to every aspect of conducting business. According to Milton Friedman, a company has the responsibility to generate as much revenue as it can while still conforming to the basic rules that society has set. These rules include the ones embodied in customs as well as in law. Similarly, Peter Drucker stated that

Catcher in the Rye Outline Main Theme Free Essays

Catcher Main Theme – Alienation INTRO: Topic Sentence: Holden Caufield, the misfit, hypocritical boy in J. D. Salinger’s novel, The Catcher in the Rye, sees the world from a different view, that often times make him feel extremely misunderstood by everyone he talks to. We will write a custom essay sample on Catcher in the Rye Outline Main Theme or any similar topic only for you Order Now Thesis Statement: It is evident by his many actions throughout the novel that Holden sees the phoniness and fakeness of the adult world and therefore shields himself from it by alienating and isolating himself. PARAGRAPH 1: Topic Sentence: The first instance of Holden isolating himself is when he is watching the football game from the hill instead of from the stands with other people. Quotes: Anyway, it was the Saturday of the football game. I remember around three o’clock that afternoon I was standing way the hell up on top of Thomsen Hill. You could see the whole field from there, and you could see the two teams bashing each other all over the place. You could hear them all yelling. (Chapter 1 paragraph 3) Talking Points: He is above interacting with people He prefers watching people, not talking PARAGRAPH 2: Topic Sentence: A second instance of Holden’s isolation is at Penn Station where he goes into the phone booth, but realizes there is nobody to call. Quotes: The first thing I did when I got off at Penn Station, I went into this phone booth. I felt like giving somebody a buzz but as soon as I was inside, I couldn’t think of anybody to call up. My brother D. B. was in Hollywood. My kid sister Phoebe was out. Then I thought of giving Jane Gallagher’s mother a buzz. Then I thought of calling this girl Sally Hayes. I thought of calling Carl Luce. So I ended up not calling anybody. I came out of the booth, after about twenty minutes or so. (Chapter 9 paragraph 1) Talking Points: His hesitation is a result of a judgment on others PARAGRAPH 3: Topic Sentence: Third and finally, Holden lives vicariously through other people as a way to combat his isolation. Quotes: But there was one nice thing. This family that you could tell just came out of some church were walking right in front of me – a father, a mother, and a little kid about six years old. They looked sort of poor. The kid was swell. He was making out like he was walking a very straight line, the way kids do, and the whole time he kept singing and humming. It made me feel better. It made me feel not so depressed anymore. (Chapter 16 paragraph 3) Talking Points: Combating isolation by observation CLOSER: Topic Sentence: Holden copes with the problems of not liking the world by just isolating himself from it. Talking Points: Misunderstood leads to frustration Way to cope with his feelings How to cite Catcher in the Rye Outline Main Theme, Papers

Strategic Aspects of the Company

Question Discuss about the Strategic Aspects of the AGL Company. Answer: AGL is one of the largest and fastest growing energy companies in Australia. The company has experience in the field of energy business for more than 180 years. The core business areas of AGL are gas, electricity, solar PV and other related products and services. The company has been providing the above discussed products and services to the people of Australia. AGL has a customer base of 3.5 million. The mission of the company is to provide a carbon-constrained future to the people of Australia. In todays world, AGL has been considered as one of the integrated energy companies that have been providing various kinds of energy related products or services for a long period. The main business operation of the company is to operate and generate renewable energy in Australia. The main objective behind this generation of energy is to reduce the effect of green house gas emission from earth. The company has a diverse power generation portfolio. Some of the major parts of this portfolio are base, peaking and intermediate generation plant, storage of natural gas and different kinds of renewable sources like wind, hydro, solar, landfill gas, biomass and others. Apart from all these, the company has an electricity distribution network. The main operational area of this electricity distribution network is the eastern part of Sydney, Hunter region and Central costs. Another major operation of the company is to set up energy and gas plans for the businesses irrespective of size and type of the businesses (agl.com.au, 2017). AGL has been operating in the renewable energy industry of Australia. As per the current trend, the future of the renewable energy business of Australia is bright. As per the opinion of most of the scientists of the world, Australia has the ability to become the leading renewable energy superpower in the world. One of the major reasons behind this statement is the storage of fuel energy of the country. The demand for renewable energy in Australia is increasing as the Australian Government has recently implemented 33,000 GWh Large-Scale Renewable Energy. At present, 16% of the total electricity used in Australia is renewable energy. In this, majority of the energy is from wind energy. There is also presence of biomass and hydro energy. The Government of Australia is considering the fact that in the recent years; one third of the energies used in Australia will be the solar energy (Oliphant, 2015). It can be seen that there are three major companies that are considered as the competitors of AGL. They are Duke Energy Corporation, International Power Limited and Origin Energy Limited. All these companies are in the business of energy and power. Duke Energy Corporation is involved in the supply of electric and gas to the people of south and mid Australia. The main business operation of International Power Limited is fossil-fueled power plants. The main business operations of Origin Energy Limited are gas, power, energy and others. These are the main business operations of these companies (Twidell Weir, 2015). Based on the above discussions, it can be said that AGL has a bright business prospect in the near future. The growth in the renewable energy industry is the main reason of this. AGL can take advantage of the improvement of the above-mentioned positive factors and they should make future business strategies based on them. Yao et al., (2015) opines that the financial structure of a firm can be referred to as the specific mixture of long term debt as well as equity that a corporation utilizes in order to fund its operations. Essentially, this composition directly affects the risks as well as asset value of the business. The financial structure of AGL can also be divided into amount of particular cash flow of the company that gets directed towards creditors and another amount that is provided to specific shareholders. Therefore, the business enterprise AGL also has own particular debt equity ratio. Total borrowing of AGL has increased $3.9 billion from $3.7 billion; the percentage of increase is 5.4%. The increase is due to the acquisition of Macquarie Generation. In the year of 20114, the company issues Medium Term Notes worth $600 million. In the year of 2015, the company raised funds of $410 million with the help of long-term borrowing. At the end of 2015, the companys (Net Debt/ (Net Debt + Equity) w as 28.6%. With the help of the raised funds, the company developed a facility with a cost of $100 million (AGL Annual Report 2015 2015). Equity share capital of AGL for 2015 and 2014 was $6696 million and $5437 million respectively. The portion of equity capital increased in the year 2015. The amount of long-term borrowings in the year 2015 and 2014 was $3439 and $3669. The amount decreased in the year 2015 (AGL Annual Report 2015 2015). In the year of 2015 and 2014, the amount of intangible assets of the company was $3266 million and $3248 million respectively. The key elements of financial performance of the firm are the assets, liabilities, equity, specific investments that are made by owners, distributions to different owners, earnings, expends, profits or else losses in addition to comprehensive income. Assets are essentially those things that a corporation owns. Assets comprise of cash, inventory of products, plants and buildings, property together with different intangible assets. The assets of AGL is recorded to be $15833 million during the financial year 2015 (AGL Annual Report 2015 2015). Liability of a firm is necessarily a firms financial debt or else obligations that stem particularly during specific course of operation of business. As such, the liabilities can be settled properly by way of transference of economic advantages that comprises of funds, products as well as services. Essentially, the liabilities of the firm is registered to be $7018 million in 2015. Essentially, equity refers to value of the overall shares that are issued by a corporation. In essence, the equity of the firm AGL is registered to be $8815 million during the financial year 2015. Again, the investment of the business concern of AGL that is recorded to be $91 million refers to funds that is invested by the corporation (AGL Annual Report 2015 2015).). Another very important factor that reflects financial performance of a firm is the revenue that is the overall flow of earnings of a corporation that is generated by selling a specific quantity of companys output particularly at a price, deducting tax to the government. The revenue of the firm AGL is registered to be $10678 million. However, expend of the firm is recorded to be $9759 million. Again, profit that indicates financial gains is essentially variance between the amount earned and spent in buying, running or else producing something. As such, the profit for the company AGL is registered to be $218 million (AGL Annual Report 2015 2015). In the year of 2014, after the completion of the financial year, AGL made a 100% acquisition of Australian Power and Gas Company Limited (APG). The company has mentioned this event in the next year financial statement and adjusted the entry accordingly (AGL Annual Report 2015 2015). The transaction cost of the acquisition was $16 million. $2 million was associated with the termination process of the funding facilities of APG. $21 million was associated with the existing customer service arrangements. $11 million was associated with other termination costs. AGL has changed the recognition of distribution use of system costs. This change lead to the grossing up of the revenues and expenses in the consolidated statement. Due to this change, there was a restart of comparative information in the consolidated financial statements (agl.com.au, 2017). AGL declared about this market to the market essentially on January 22 of the year 2015. This change in the process of recognition of the Distribution Use of System costs was essentially carried out in South Australia and Queensland for essentially the operating segments of Energy Markets. In addition to this, the company also declared a change in the basis of the reporting segment in order to align with the structure of the organization on particularly April 16 of the year 2025 in addition to subsequent assessment and restructure of the Upstream Gas Business (AGL Annual Report 2015 2015). Therefore, segment comparative information has been restated to replicate the alterations in the reportable operating sections. Carrying amount of each class of Property, Plant and Equipment at reporting date of AGL As rightly indicated by Hu et al., (2015), carrying amount can be used in place of book value. In essence, the carrying amount indicates towards the amount that a particular corporation has essentially on the books for asset or else liability (Hodgson Russell, 2014). The standard AASB 116 is applicable for accounting the plant, property as well as equipment excluding when other regulations allows a diverse treatment of accounting. As per the AASB 116 para 6 (definitions), carrying amount can be regarded as the amount at which a particular asset is detected after deduction of any accumulated depreciation as well as accumulated impairment loss (Aasb.gov.au, 2017). As per the consolidated statement of financial position of the firm AGL presented in the annual report of 2015, the property, plant and equipment stated under the non-current assets has a carrying amount of $6958 million (AGL Annual Report 2015 2015). Description of accounting policies related to Property, Plant and Equipment adopted by AGL The financial declarations of the corporation AGL have been prepared consistent with the Corporations Act 2001 as well as the Accounting Standard AASB 1039 Concise Financial Reports (AGL Annual Report 2015 2015). Essentially, financial statements of the firm AGL Energy Limited are an extract from particularly the full statements. The accounting policies that can be associated to plant, property and equipment is AASB 116 (Aasb.gov.au, 2017). This particular standard is particularly applicable for the purpose of accounting of plant, property as well as equipment except when other standard necessitates or else permits a diverse accounting usage. According to the directives stated under the regulations AASB 116 paragraph 6 (recognition), cost of a particular item of plant, property as well as equipment needs to be detected as a specific asset iff (if and only if) it is likely that the economic benefits in the upcoming period can be related to the item shall flow to the business entity an d the items cost can be reliably enumerated. Again, as per paragraph Aus. 15 of the accounting regulation AASB 116, items of plant, property as well as equipment that essentially qualifies for recognition as a specific asset can be enumerated at the cost (Aasb.gov.au, 2017). The standard essentially includes certain reporting requirements. The standard is essentially to account for particular plant, property and equipment, mainly its recognition and subsequent treatment by means of two different mechanisms that is cost as well as revaluation. Essentially, this standard covers majority of physical assets until and unless the specific assets are covered by another regulation. The recognition of the asset as per (para 7 to para10) essentially happens at the time when upcoming economic benefits can be associated to assets that can flow to business concern and cost of asset can be enumerated dependably. As per para 13, assets need to ne enumerated at cost (Aasb.gov.au, 2017). Description of the accounting policies related to Intangible Assets adopted by AGL The accounting policies that can be associated to intangible assets adopted by AGL Limited is AASB 138 (Aasb.gov.au, 2017). In particular, this standard is essentially applicable to different business entities that requires to arrange and prepare financial declarations according to Part 2M.3 as stated under Corporations Act and that is essentially a reporting entity. Again, this standard is also applicable for general purpose financial statements of each reporting unit as well as financial declarations that are necessarily general purpose financial statements. Again, as per Aus 1.2, this standard is applicable to different annual reporting periods that are beginning on or after January 1 of the year 2005 (Aasb.gov.au, 2017). Again, the scope of this standard shows the applicability of this regulation for accounting of intangible asset barring intangible assets that within the scope of other Australian Accounting Standard, financial assets that are as distinctly defined in AASB 132 fo r presentation of financial instruments, recognition as well as measurement of particularly exploration as well as evaluation assets, expends on development along with extraction of minerals, oil, natural gas as well as identical non-regenerative assets (Aasb.gov.au, 2017). The intangible assets under the total noncurrent assets is recorded to have the value of $3266 million (AGL Annual Report 2015 2015). Impairments Impairment loss is essentially enumerated at a particular amount by which carrying value exceeds the fair value (Yao et al., 2015). As rightly indicated by Russell (2015), after detection of impairment loss, adjusted carrying amount of specific intangible asset becomes the new accounting ground. As per the statutory financial outcomes of the firm AGL Energy Limited, so far the highest of the significant items is essentially the impairment of around $600 million in essentially the value of upstream gas assets of Gloucester (AGL Annual Report 2015 2015). Again, the sale of copper oil is also underway and anticipated to lead to loss of around $7 million before tax. An impairment charge can be recognized during the financial year 2015 in comprehension of the event. Conclusion The above discussion shows that that AGL has attractive business opportunities in the future as the renewable energy and power industry of Australia is going through massive growth and it is going to grow more in the future as per the expectations. It can be seen from the discussion that AGL has an effective financial structure. The unrecorded financial incidents of the previous year were adjusted in the current years financial statement. In case of the commutation of plant, property and equipment, the company follows the principles of AASB 116. References Aasb.gov.au, (2017). Retrieved 9 May 2017,from https://www.aasb.gov.au/admin/file/content105/c9/AASB138_07-04_COMPjun14_07-14.pdf About AGL | AGL. (2017).Agl.com.au. Retrieved 9 May 2017, from https://www.agl.com.au/about-agl AGL Annual Report 2015. (2015).Agl.com.au. Retrieved 9 May 2017, from https://www.agl.com.au/-/media/AGL/About-AGL/Documents/Investor-Centre/150826_AnnualReport_1466512.pdf?la=en Hodgson, A. Russell, M., (2014). Comprehending comprehensive income.Australian Accounting Review,24(2), pp.100-110. Hu, F., Percy, M., Yao, D. (2015). Asset revaluations and earnings management: Evidence from Australian companies.Corporate Ownership and Control,13(1), 930-939. Oliphant, M. (2015). Renewable Energy in Australia. InEnergy Efficiency and Renewable Energy Handbook, Second Edition(pp. 119-131). CRC Press. Residential | AGL. (2017). Agl.com.au. Retrieved 9 May 2017, from https://www.agl.com.au Russell, M., (2015). Management incentives to recognise intangible assets.Accounting Finance. Twidell, J., Weir, T. (2015).Renewable energy resources. Routledge. Yao, D. F. T., Percy, M., Hu, F. (2015). Fair value accounting for non-current assets and audit fees: Evidence from Australian companies.Journal of Contemporary Accounting Economics,11(1), 31-45.