Friday, May 8, 2020

Statement of Purpose for Economics - 800 Words

Coming from the general business background, I find economics the most influential and powerful social science in societys daily life. Good knowledge of economics leads to better decision-making and choices, understanding how people and countries interact with each other and can significantly improve the quality of life for individuals and in the larger scale to countries. I want to study economics and build a solid knowledge in the field to be able to see the causes of things more clearly, understand and find out the ways to make good economic decisions, and build a career through which I can make good contribution to the field by using the acquired academic skills correctly. My independent research in the field started with my curious interest in the processes of how decisions made by individuals and governments, what are the main factors encouraged them to choose particular decision over other options and the outcomes of those decisions. Then, I started to read theories of great Economists, such as, Keynes, Freidman , Devenport, Kinnerly and Mason who wrote on decision-making and the ability of individual to interpret the information. Additionally, there were theories by De Bondt , Clark , Tversky and Kehnman who argued that human psychology is interconnected with economics which cannot be ignored. Learning those theories and comparing them with the real life happenings, my enthusiasm to get deeper insights of economics increased. Encouraged by this, I have compiledShow MoreRelatedStatement of Purpose - Economics Issue781 Words   |  4 Pagesrealization of an economic issue occured 12 years ago when I moved from Lisbon to Sà £o Paulo, Brazil. In man y aspects the differences between the two countries were striking, and I was particularly shocked when I learned that brazilian minimum wage was one fifth that of the portuguese. At the time, I questioned how two countries could have such different minimum wages and subsequently how Brazilians survived with such low income. Throughout the years I continued to see these economic contrasts originatingRead MoreStatement of Purpose to Study Economics564 Words   |  2 PagesThe desire to study Economics at degree level was clear to me before I took my GCSEs. The insight the subject gave me, even at a basic level, was incomparable to any subject I had studied. It combined the analytical skills of Maths with the critical curiosity of English, the social issues of Geography, and the breadth of knowledge History provides. It was central to my progress at school: I was the highest achieving GCSE student and was awarded the Sixth Form Economics Prize. Continuing my studyRead MoreThe Disclosure Of The And E Of Financial Reporting Essay1143 Words   |  5 Pagesdisclosure of PPE as per AASB116 and Western area’s disclosure on the PPE of financial statement. It firstly outlines the objective of the general purpose financial reporting of company and its relevance to the qualitative characteristics such as re levant, faithful representation, timeliness, verifiability, comparability and understandability. It will then go on investigates and analyze Western area’s current general purpose financial reporting and its future advices. In particular, this report will discussRead MoreProposed Property Acquisition Blue-Eyed Nellie Wildlife Management Area North Lily Property1032 Words   |  5 Pagesenvironmental assessment (EA), Proposed Property Acquisition Blue-Eyed Nellie Wildlife Management Area North Lily Property, in reference to the NEPA Environmental Assessment Checklist, has the proper parts for a well-written assessment. The purpose and need statement is full of rich content allowing the reader to feel fully versed on the topic. It describes the property in question in detail along with the vegetation and animals populating the area. The ability to partake in the purchase is illustratedRead MoreThe General Purpose Financial Reporting And The Background Of The Iasb Essay1329 Words   |  6 PagesExecutive summary In this report, the introduction introduces the origin of the general purpose financial reporting and the background of the IASB. The first paragraph analysis the objective of general purpose financial reporting is the basis foundation of the conceptual framework, and discuss the six qualitative characteristics of the useful financial information which separate to two main part: fundamental and enhancing. The second paragraph extent the Boral Limited has highly met the disclosureRead MoreThe Australia Holdings Pty Ltd Essay848 Words   |  4 Pagesattention must be drawn to SAC1, â€Å"Definition of the Reporting Entity†, as issued by the Australian Accounting Standards Board. SAC1, defines a reporting entity, as an economic entity, in which it is expected that a substantiated group of users, rely on an entity’s general purpose financial reports. Such reliance on general purpose financial reports, as defined in SAC1, paragraphs 12 15, are deemed important by dependent external users, as they affect evaluative decisions with regards to the allocationRead MorePersonal Strategic Plan For A Business Organization1282 Words   |  6 PagesThe purpose of this paper would be a personal strategic plan for myself in which visualizes me as a business organization, or as You, Inc. Therefore, to create a personal strategy one must examine a mission statement, vision statement, and understand the environmental scan to identify external opportunities and threats; in which, an individual or organization gathers information about the market, society, its competitors, and oneself. A mission statement defines an individual purpose for achievingRead MoreImportance of Financial Statements1034 Words   |  5 PagesFinancial statements, also known as financial reports, record the financial activities of a business in short and long term. The four financial statements are: balance sheet, income statement, statement of retained earnings, and statement of cash flows . A balance sheet reports the assets, liabilities, and net equity on a company. An income statement reports income, expenses, and profits on a company. A statement of retained earnings shows a company s changed retained earnings. The statement of cashRead MoreAuditors in the Business World1642 Words   |  7 Pagesidentifying, recording, and communicating the economic events of an organization to interested users to make sound decisions. In accounting identifying economic events involves selecting the economic activities related to a particular organization such as paying out salaries to employees of a particular entity. In turn, once these economic activities have been identified they are recorded in the books daily into a systematic system measured in dollars. These economic events are then classified and summarizedRead MoreEssay on Homework Assignment Ch1-21067 Words   |  5 Pagesbasic premises: 1) the FASB should be responsive to the needs and viewpoints of the entire economic community not just the public accounting profession. 2) it should operate in full view of the public through a â€Å"due process† system that gives interested person ample opportunity to make their views known. To ensure the achievement of these goals, the FASB follows specific steps to develop a typical FASB statement of financial accounting standards. (chapter 1 Intermediate Accounting, 14th Edition

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.