Describe three methods that have been proposed for valuing minority Essay

Describe three methods that have been proposed for valuing minority interest and goodwill in the consolidated balance sheet of a parent company and it's partially owned subsidiary - Essay Example intangible assets that come from the business connections or reputation of the company gained through several variables including competent management, customer acceptance, favourability of location, efficient production systems, among others (Ammar et al., 2001). The similarity here is that in both cases, the parent company does not have direct control of what the asset manoeuvring of these two but the two are reported on the consolidated balance sheet of the parent company as a means of reflecting the claim of assets to the company and other non-controlling shareholders (Chaney, Mead & Schermann, 2002). Because of the place of these two in the consolidated balance sheet of the parent company and the subsidiary, the methods that go into the valuation of these two have often been an area of interest to stakeholders. The paper discusses three methods that have been proposed as part of the valuation of minority interest and goodwill. The average profit method has often been used to value the goodwill of the company as reported in the balance sheet but this calculation could be done to incorporate the minority interest as well. For example in calculating goodwill based on this method, an average profit is found with an agreed number of past years’ profits. The average is then multiplied by the agreed number of years to know the goodwill in a very simple mood (Gauthier, 2007). Horrigan (1968) however noted that the issue of minority interest comes in ahead of the utilisation of the formulation given above since any abnormal profits are expected to be deducted from the net profits of the various years. Again, abnormal losses are also expected to be deducted, as well as non operating incomes such as those incomes made from non-accruing investments (Sohl et al., 2009). In all three deductions, minority interest plays a major role because even though consolidated balance sheets are prepared to appear as though the parent company fully owned the partially owned

What roles do religions play in Appiah's analysis How is your approach Essay

What roles do religions play in Appiah's analysis How is your approach similar to or different from his - Essay Example Let me highlight that most people have always sought the assistance of religion when cumbered with spiritual and social problems. This paper will therefore give a vivid explanation of Appiah’s story. Appiah has given a vibrant explanation of importance of religion. The following are the importance of religion according to Appiah. I will keenly observe the points raised by Appiah. In so doing I will criticize, such points to ascertain whether they are true. The importance of kingship is highlighted by Appiah to be very important. The arrival of the king at the palace is described as horrific. It is noted that the king wore quill of porcupine looking like a worrier ready to devour. In this way, the importance of the king in the Asante kingdom is very significant. This shows that kingship plays an integral part of Asante religion. Appiah highlights that when the king arrived, everyone remained standing until the king settled on the throne. This shows that the people had high degr ee of respect for their king (Furness 2009). The importance of modern religion has been highlighted in Appiah’s story. He was able to notice the picture of the king greeting the pope on the wall of the palace. This shows that the Asante people had respect and value for God. In this way, people are seen to have their own freedom of worship. Appiah has also highlighted that modernity has intruded in to acts of religion in the kingdom. In this case, most people have tried to embrace modernity. This has weakened the contemporary Asante religion. Appiah has noted that intrusion of western culture and way of life has tended to weaken the native Asante culture and religion (Kepler 2011). Appiah has highlighted vividly that religion is meant to unite people. For instance, people of Asante kingdom were seen to be united by this factor. They had common places for their worship. It has been noted that most people have embraced modern ways of religion. Most of the Asante elites are Catho lics. Modern religion has resulted in unity of different people. In this case, people are able to work together as a team. I must highlight that I have agreed with Appiah statement on unity. In fact, the ultimate reason for religion is to foster unity among different people (Schieman 2011). This is because people from different backgrounds always come together to worship one GOD. Another importance of religion is to foster growth and development among the people. Appiah has highlighted that missionaries came to transform Africa. Through their new religion, they brought Christianity. In this case, most Africans were able to condemn their native way of life. The rise of Pentecostal messengers has even developed this view farther. The Pentecostal preachers are currently challenging the churches and condemning the old rites of idolatrous. This shows that religion is responsible for condemning of vices in the society (Anthony 2011). The preaching of the bible is based on the Ten Commandm ents that are meant to guide people on their relationship with GOD and others. Religion has a role for ensuring spiritual fulfillment. It is important to note that Appiah highlights that different people always need different conditions for spiritual fulfillment. In this case, such people can no more exist better in the same moral as compared to the manner plants can exist in same physical and climate. I have to agree with Appiah that spiritual fulfillment is always achieved through religion. This is the reason most people with different problems always go to church. In fact, nowadays, most people believe that their problems can be solved through prayers rather than traditional and cultural interventions. The increase in the number of people who go to