Analysis On Financial Statements Economics Essay

Analysis On Financial Statements Economics Essay ATandT Inc. (NYSE: T) is a United States telecommunications corporation headquartered in Texas. Founded in 1983 as SBC Communications, it became ATT Inc. upon purchase of ATT Corporation in 2005. It is the leading U.S. provider of wire-line and wireless communications. ATT delivers 3G wireless services through ATT Mobility LLC, a wholly-owned subsidiary. Other major segments include broadband internet, digital television, directory publishing, and business communications. In 2006, ATT Inc. acquired BellSouth communications corporation, valued at $86 billion, absorbing its wire-line, wireless, and broadband interests. ATT has stated specific future goals in 4G wireless, speech recognition, telehealth, and digital convergence. Recently, ATT selected Alcatel-Lucent and Ericsson as equipment providers for its LTE (4G) wireless deployments. ATT has over 150 million customers and 280,000 employees. ATT reported a $124 billion operating revenue and $23 billion net income as of Dec. 31, 2008. Verizon Communications Inc. (NYSE: VZ) is a United States telecommunications corporation headquartered in New York. It was founded in 1983 as Bell Atlantic. Bell Atlantic acquired GTE Corp. in 2000 and changed its name to Verizon Communications Inc. It is the second largest U.S. provider of wire-line and wireless voice services. Verizon Wireless is a joint venture, with Vodafone Group holding 45 percent ownership. Through its FiOS product, Verizon provides fiber-optic delivery of internet, television, and digital voice. Other major operations include IP networks, applications, and professional services for business. In 2008, Verizon stated its goal to surpass ATT as the U.S. market leader in wireless voice and data communications in the United States. It is aggressively pushing fiber-optic deployments to combat industry-wide access-line losses. Verizon has over 91 million customers and 220,000 employees. Verizon reported a $97 billion operating revenue and $6.5 billion net income as of Dec. 31, 2008. Balance Sheet unusual items ATT:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  At Dec. 31, 2008, ATT reported a current ratio of 0.53, and a long-term assets / long-term liabilities ratio of 1.92. This mismatching indicates that too much short-term financing has been used to acquire long-term assets. ATT may have problems meeting its short-term obligations without additional refinancing. If additional financing cannot be obtained, a lack of asset liquidity poses a bankruptcy risk. At Dec. 31, 2008, ATT reported goodwill at $71.8 billion, accounting for about 27% of their total reported assets. This stems from ATTs aggressive acquisition strategy. The high amount poses a great asset impairment risk. Only losses, not gains, can be recorded for goodwill. If the acquired entities lose value, as judged by an annual impairment test, the loss of recorded assets and corresponding write-offs against stockholders equity can be substantial. Verizon:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  At Dec. 31, 2008, Verizon reported wireless licenses valued at $62.0 billion. These are indefinite-lived intangible asset which account for 30.6% of Verizons total assets. Wireless licenses are extremely important for a telecommunications company, but placing such large valuation on an intangible is a serious risk. Estimating fair value is very subjective, and any significant write-offs (as judged by a periodic impairment test) could threaten stockholders confidence. At Dec. 31, 2008, Verizon reported cash and cash equivalents of $9.8 billion. Having such a large amount of cash and cash equivalents (investments with a maturity of 90 days or less) is good for liquidity. However, a significant portion of this $9.8 billion could be converted to less-liquid, higher-interest investments that mature within a year, or even long-term investments. Having so much cash-on-hand is a problem because it is not being invested to return additional value to the business. Income Statement unusual items ATT:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  At Dec. 31, 2008, ATT reported basic earnings-per-share of $2.17. During the same period, their nearest market competitor, Verizon, reported $2.26 basic earnings-per-share. To the common stockholder, this is one of the most important factors to attract and maintain investment. Unless ATT can achieve higher earnings-per-share, investors will be more likely to invest in their competitors, posing a threat to ATTs future growth. At Dec. 31, 2008, ATT recorded a net other income (expense) of -$589 million (versus +$615 million in 2007). A closer look at Note 4 to the financial statements reveals that this is entirely attributable to Consolidation and Elimination expenses. Reorganization due to acquisition and restructuring has been a significant part of ATTs market-growth strategy, but they must take care not to incur excessive expenses for the sake of growth. That could lead to an overall loss of competitiveness and lack of stockholders confidence. Verizon:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  At Dec. 31, 2008, Verizon recorded a net income of $6.4 billion. Their nearest market competitor, ATT, posted a net income of $12.9 billion. In terms of absolute numbers, this gives Verizon less power in the market and also serves as an indication to investors that Verizon might not be managing its finances well enough. Income is essential to future value creation and expansion, so Verizon should strive to improve operational efficiency and attain an income thats more aligned with (or better than) its competitor. At Dec. 31, 2008, Verizon recorded a net profit margin (ratio of net income to revenues) of only .066, up from their 2007 profit margin of .059, but still lower than their 2006 profit margin of .070. In general, Verizons profit margin seems low compared to other U.S. telecommunications corporations (especially ATT), a sign of managements inability to generate strong returns. This weak financial performance should raise concerns for shareholders and financers, and it poses a survival risk to Verizon. Cash Flow Statement unusual items ATT:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  In 2008, ATT issued $9.5 billion in dividends to stockholders (which has been increasing gradually since 2004). Consistent dividends are good to attract sustained stockholders confidence and investment, but a dividend payout of $9.5 billion is unusually high. By paying out too many excess funds to stockholders, ATT may be missing out on more lucrative investment opportunities that would generate better returns. In 2008, ATT reported $5.6 billion in accounts payable and accrued liabilities. This amount, due to ATTs suppliers or banks, must be paid off within 12-months in order to avoid default. This significantly high amount is a constraint against ATTs working capital. If the company is not able to fully pay off the debt in time, its future operations could be hindered. Verizon:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  In 2008, Verizon reported net $15.9 billion in acquisitions of licenses, investments, and businesses. Such a substantial investment introduces a high level of business risk. If Verizons investments do not demonstrate profitability, not only will significant funds have gone to waste, but more doubt will be cast on the corporations future investing decisions by investors and financers. In 2008, Verizon accumulated net cash inflows from financing activities of $13.6 billion. In particular, $21.6 billion were proceeds from long-term borrowing, while there was a repayment of only $4.1 billion in long-term borrowing and capital lease obligations. It seems that Verizon is using this leverage to achieve their investing activities discussed previously. Such aggressive financing this fiscal year can put heavy constraints on Verizons ability to acquire additional financing in future years. Verizon is in a precarious position where, if they cannot repay the financing in a timely manner, they enter a high risk of declining into bankruptcy. Notes to Financial Statements unusual items ATT:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  At Dec. 31, 2008, ATT reported that $14.1 billion of its outstanding debt would mature within one year, compared to just $6.9 billion in the previous year (see Note 8). This current debt introduces a liquidity problem, since ATT must be able to generate enough cash in the next year to repay its financers. This is a significant business risk for AT&T; if it is unable to cover its debts in time, its future financing options will be limited and its business operations could be in jeopardy. As of Jan. 1, 2007, ATT indicated a loss of $123 million in goodwill related to the settlement of IRS audit in its wireless segment (see Note 6). Excess goodwill is already a problem because a high risk of asset impairment is introduced, but devaluation due to an IRS audit raises serious concerns about managements judgment for proper accounting. Investors are cautious about missteps such as this, and a recurring incident could further unsettle their confidence in ATT. Verizon:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  On Jan. 9, 2009 (beyond the reporting date of the financial statements), Verizons wireless segment closed the acquisition of Alltel Corporation, paying $5.9 billion for its equity, but also acquiring $22.2 billion of its debt obligations (see Note 2). Acquiring such a massive debt puts Verizon at a significant financing risk. The notes reveal that Verizon has relied on credit to immediately cover the acquisition cost and debt prepayments, with $2.5 billion debt that remains outstanding. Verizon faces potential insolvency in other words, a high risk of adequate repayment and future refinancing. At Dec. 31, 2008, Verizon reported obligations for all defined benefit pension plans at $29.4 billion (see Note 15). The future collection of this large liability poses a financial risk to Verizon, should they not be suitably prepared to cover the costs. Along with Verizons already large debt obligations, this is a noteworthy threat to the companys viability. Balance Sheet differences At Dec. 31, 2008, ATT had a debt-to-equity ratio of 1.75 (total liabilities / total equity) and Verizon had a debt-to-equity ratio of 3.85. ATT and Verizon hold similar levels of total liabilities ($169 and $161 billion, respectively), but ATT has a great deal more stockholders equity ($96.3 versus $41.7 billion, respectively). ATTs much larger stockholder interest provides increased financial flexibility and an ability to service its debt, in comparison to Verizon which should be more cautious in its debt accumulation, at risk of being unable to generate enough cash to satisfy its debt obligations. ATTs lower debt-to-equity ratio may boost stockholders confidence since their investments are better protected in the event of business decline. On the other hand, ATTs lower debt-to-equity ratio may signify that it is not taking advantage of enough financial leverage to generate increased profits. At Dec. 31, 2008, ATT lists Customer Lists and Relationships as a long-term asset valued at net $10.6 billion. Verizon does not such an item listed on their balance sheet, but Note 4 to the financial statements reveals that customer lists and relationships are a net $820 million component of Other Intangible Assets. This item is a limited-life intangible asset, and is subject to amortization accumulation. The relatively similar size of each companys customer base suggests that these valuations shouldnt be so drastically different. Estimating fair value of customer lists and relationships is very subjective, based on how each company judges the ability to generate returns. ATTs high valuation compared to Verizon leads to higher annual write-offs of the asset. Stockholders confidence could be shaken by too high write-offs arising from higher valuations, so Verizons more conservative valuation may be safer in the long-term. Income Statement differences As of 2008, ATTs income statements divide operating revenues into five segments: wireless service, voice, data, directory, and other. Verizons income statement only specifies a catch-all operating revenues item, but Note 17 to the financial statements identifies two segments: domestic wireless and wireline. Both companies wireless segments are equivalent in scope. Verizons wireline segment is the equivalent of ATTs voice data segments combined. Notably, ATT has a more diversified business portfolio, including its directory services which include the publishing of print directories, directory advertising, internet-based advertising, and local search; and the other segment which includes information services, payphone, and corporate operations. The presentation of ATTs income statement emphasizes their diversity of operations in comparison to Verizon. This shows two different approaches to business diversification. For Verizon, if one of its two segments were to fail, the financial i mpact would be catastrophic. For ATT, the failure of a single segment would be less severe on the company as a whole. Verizon lists minority interest as a distinct item under operating income with a recorded expense of $6.16 billion. ATT does not list a distinct item, but Note 4 to its financial statements indicate that $256 million of minority interest expense is part of its other income (expense) item. Minority interest expense refers to the share of profit belonging to minority shareholders. In this case, Vodafone owns a 45% interest in Verizon Wireless and receives that share of the generated income. For Verizon, this is a very large amount of income that it could be collecting for itself, if it was to take full control of its wireless subsidiary. If Verizon recognized the full income of its wireless subsidiary, its overall net income would be more competitive with ATT. Also, by giving Vodafone such a large stake in its wireless subsidiary, there is the potential for a future takeover. Cash Flow Statement differences In 2008, Verizon recorded $13.6 billion in net cash provided by financing activities, while ATT recorded $4.7 billion in net cash used in financing activities. That is, Verizon acquired net debt in its financing activities, while ATT was able to pay back more financing that it acquired. Because of this, ATT shows more financial solvency than Verizon, as its ability to repay previous financing activities boosts shareholder confidence and enhances its record as a reliable borrowing partner for future financing. Verizons big borrowing introduces significant business risks and a potential for bankruptcy if their operations dont return considerable income. On the other hand, Verizons aggressive financing activities may prove beneficial if it uses the finances to successfully grow its market-share, which would be a threat to ATT. In 2008, Verizon recorded $1.4 billion of purchase of common stock for treasury, while ATT recorded $6.1 billion of the same. The goal of these treasury stock repurchases is to increase the value of the shares held by stockholders. Both ATT and Verizon have repurchased shares over the past 5 years, with ATT averaging $4.3 billion in repurchases per year versus Verizons $1.3 billion per year. ATTs consistently larger repurchasing may signify that it views its shares as undervalued, or that it wants to improve its reported earnings-per-share. As noted earlier, ATTs 2008 earnings-per-share were $0.09 lower than Verizons, so this might be a legitimate strategy to attract future stockholder investment. However, the consistent treasury stock repurchases may be a sign that ATT is struggling to obtain legitimate interest from investors, so they are instead just acquiring their own shares to inflate the stocks value. References ATT Inc. 2008 Annual Report. ATT Investor Relations. Online. . ATT Inc. Form 10-K | 2008. Rep. no. 1-8610. Washington, DC: United States Securities and Exchange Commission. Online. . ATT Investor Relations. ATT Official Site. Web. 16 Feb. 2010. . ATT. Wikipedia, the free encyclopedia. Web. 12 Feb. 2010. . Top 10 Profit Margins by Industry, Telecom Domestic. The Online Investor. Web. 20 Feb. 2010. . Verizon Communications Inc. 2008 Annual Report. Verizon | Investor Relations. Online. . Verizon Communications Inc. Form 10-K | 2008. Rep. no. 1-8606. Washington, DC: United States Securities and Exchange Commission. Online. . Verizon Company Profile. Verizon | Investor Relations. Web. 17 Feb. 2010. . Verizon Communications. Wikipedia, the free encyclopedia. Web. 12 Feb. 2010. .

Man and God in Frankenstein and Jurassic Park Essay -- comparison comp

Man and God in Frankenstein and Jurassic Park    Not since Mary Shelley's Frankenstein, has an author captured such a theme in their work in a way that is magical and captivates the reader.   Michael Crichton's science fiction novel Jurassic Park   portrays what happens when man plays God: his imperfections cause things to go terribly wrong.   The story's, plot, setting, point of view and characterization all add to an atmosphere of fear and raise readers' consciousness about the consequences of doing so. Jurassic Park is dealing with a very sensitive issue that involves every person on the planet because everybody has genes.   It deals with genetic engineering and the repercussions of the actions that scientists take.   There are a lot of unanswered questions that deal with the ethics and morals of the study of genetics. In this situation Robertson Davies appropriately says that, à ¬Men of action, I notice, are rarely humble, even in situations where action of any kind is a great mistake, and masterly inaction is called for (Kuchling), which is exactly what happened in Jurassic Park. Starting with the plot one can start to see how it adds to an atmosphere of fear that makes the reader aware of the point that Crichton is trying to make. The plot of Jurassic Park begins in the middle of things and it does not follow the tradition plot line.  Ã‚   It seems to climb steps through the implementation of different crisis and complications in the plot instead of having one smooth rising action.   The story keeps building to this high intensity and does not climax until the very end.   This adds to the fear because it creates suspense because the events just keep building on one another. The setting also adds to ... ...he reader, which creates many questions about the particular subject of genetic engineering.   It also conveys the authors idea, that we really need to be careful about what we do with this new scientific marvel, effectively to the reader, thus raising the reader's awareness about genetic engineering. In conclusion the theme of Jurassic Park, Man playing God, is effectively portrayed   by Crichton using an atmosphere of fear.   This atmosphere of fear relative to the theme of man playing God makes a definite statement and effectively serves Crichton's purpose of raising awareness about genetic engineering and its possible out comes. Works Cited Crichton, Michael.   Jurassic Park.   New York: Ballantine Books, 1991. Kuchling, Richard.   "Robertson Davies: Quotations." 12 October 2000. 16 October 2004. http://www.amk.ca/davies/robertson-davies.html

Preventing Child Abuse Essay -- Violence Against Children

Child abuse is a phenomenon in today’s society. Many people have been victims and although it has been taken into consideration, more surveillance should be taking place. There are three types of abuse that ruin the life of a child: physical, emotional, and sexual. However, focusing on domestic violence, a child will be affected by physical and emotional abuse. The problem is that some parents may not even consider how it affects their child in public places. When a child has been abused, how long does it affect him or her into adulthood? Though there are different ways to discipline, a parent can choose from a variety of rewards to reinforce good behavior; furthermore, a trusted committee should organize ongoing parenting classes to help parents to control their temper. What are the other consequences of abuse? Parents who abuse their kids were abused and had a poor upbringing. Nowadays with technology and researches found, they could help change and also teach their kids to avoid the same mistakes when they grow up. As the child grows, parents can set limits instead of violence. Fact is that when kids behave out of the normal, it is not to make parents angry but because they are in need of attention. We all know that parents’ the first reaction is to lose it, so instead of punching, parents can try time outs until the child comprehends why he or she is being punished. It is also a matter of good training in junior high. Kids are always trying to act bigger than their shoe size. A method that could help both the parents and the teen is the motivated reward. By doing this, the child makes better decision, because if the parent knows what motivates a child, that could help the child behave differently in order to get what he or sh... ...uld have done about it. Children who have a second shot at a loving upbringing have the capacity to change the world where they will know how to say â€Å"no† to abuse. They will also be able to talk to their own children about abusive moments and what they should do reacting to that moment. They will know that abusers could be anyone and that is important to tell a trusted friend if someone abuses them. Works Cited Barnard-Thompson, Kathleen, and Pierre Leichner. â€Å"Psychiatric Residents’ Views on their Training and Experience Regarding Issues Related to Child Abuse. â€Å" Canadian Journal of Psychiatry 44 (Oct 1999): 6-9 Kliest, George A. â€Å"Research on Long-term Effects of Child Abuse.† Family Journal 7 (Apr 1999): 154-163. Galileo. 11 Nov 2001 http://www.preventchildabuse.org/publications/parents/index.shtml Conversation with Professor McDonald. (Dec 18. 2009)

World War I :: World War I

World War I, also known as the Great War, was a global war which took place primarily in Europe from 1914 to 1918. The immediate cause of the World War I was the June 28, 1914 assassination of Archduke Franz Ferdinand, heir to the Austro-Hungarian throne, by Gavrilo Princip, a Bosnian Serb citizen of Austria-Hungary and member of the Black Hand. The retaliation by Austria-Hungary against the monarchy of Serbia activated a series of alliances that set off a chain reaction of war declarations. Within a month, much of Europe was in a state of open warfare. And World War II or the Second World War was a global military conflict, the joining of what had initially been two separate conflicts. The first began in Asia in 1937 as the Second Sino-Japanese War; the other began in Europe in 1939 with the German invasion of Poland World War I was fought by two major alliances. The Entente Powers initially consisted of France, England, Russia, and their associated empires. Numerous other states joined these allies, most notably Italy in April 1915, and the United States in April 1917. The Central Powers, named because of their central location on the European continent, initially consisted of Germany and Austria-Hungary and their associated empires. The Ottoman Empire joined the Central Powers in October 1914, followed a year later by Bulgaria. By the conclusion of the war; only The Netherlands, Switzerland, Spain and the Scandinavian nations remained officially neutral among the European countries, though many of those provided financial and material support to one side or the other. World War II was also fought by two major alliances, the Allied and Axis power. The AXIS powers consisted of Germany, Italy (changed sides and split in half 1943) Hungary, Romania Bulgaria, Finland (changed sides 1945) Spain was meant to be neutral but they helped Nazi Germany and Fascist Italy and sent troops to fight alongside the Germans in Russia. The major Allied Powers were Great Britain, France, the Soviet Union, the United States, and China. The fighting of World War I mostly took place along several fronts that broadly encircled the European continent. The Western Front was marked by a system of trenches, breastworks, and fortifications separated by an area known as no man's land. These defenses stretched 475 miles and precipitated a style of fighting known as trench warfare. On the Eastern Front, the vastness of the eastern plains and the limited railroad network prevented the stalemate of the Western Front, though the scale of the conflict was just as large.

Hard Times

Compare the characters of Slackbridge and Blackpool in this chapter. How do they symbolise both the values that Dickens admires and the attributes he dislikes? In this chapter Slackbridge is presented as a loud, hot tempered and shallow man, whereas Blackpool is presented as an honest, calm and straight forward man, also a man of great honesty, compassion, and integrity, Stephen maintains his moral ideals even when he is rejected by his fellow workers and fired by Bounderby. During this chapter Slackbridge gives an impassioned speech about the necessity of unionizing and of showing their sense of fellowship.The only person who remains unconvinced is Stephen Blackpool. Stephen says he does not believe that the union will do any good because it will only aggravate the already tense relationship between employers and workers. You can tell that these two men are opposite characters when they perform their speeches. Slackbridge is portrayed as a talented speaker as Dickens writes â€Å"S lackbridge, the orator, looked about him with a withering smile†. This also shows that he is an arrogant and sarcastic man. He uses long, complex sentences to confuse the audience and making it difficult to follow what he is saying.This implies that Slackbridge wants to show off his power; however Stephen says nothing to suggest power. Blackpool uses simple sentences and no fancy vocabulary whilst speaking, for example â€Å"That’s not for him† and â€Å"That’s not for nobody but me. † The noun â€Å"friends† is repeated and used by both characters, but in two different ways. Slackbridge uses the hyperbole â€Å"Oh my friends† to try and manipulate the workers as he does not care about them. Slackbridge also says â€Å"Oh my fellow-country-men† to try and act as if he is their friend, to try and persuade the workers to go on strike.The industrial revolution was happening at this moment in time. It was a period from 1750 to 1850 where changes in agriculture, manufacturing, mining, transportation, and technology had a profound effect on the social, economic and cultural conditions of the times. It began in the United Kingdom, and then subsequently spread throughout Western Europe, North America, Japan, and eventually the rest of the world. He tries to raise the workers up by saying â€Å"One united nation†, he knows what they can achieve. Whereas Blackpool can relate to the workers and can say â€Å"my friends† without having to pretend.The workers would have known Stephen since he was around ten years old. Therefore the workers have far more in common with Blackpool than they would have with Slackbridge. In politics, right-wing describes a political outlook or specific position that involves acceptance or support of social hierarchy and Slackbridge, at the time, was in favor of the right wing as he says â€Å"The orator having refreshed himself, wiped his corrugated forehead from left to righ t several times with his handkerchief folded into a pad†.The adjective ‘corrugated’ suggests that he is an uneven character. Slackbridge does not want anything to do with the workers even though he is the link between them and the manager, Mr Bounderby. The adjectives ‘down-trodden’, â€Å"fellow-countrymen’, ‘iron-handed’ and ‘fellow sufferers’ are hyphenated modifiers illustrates the difference between the workers and the management, he is also empathising them. Stephen Blackpool lives a life of drudgery and poverty.In spite of the hardships of his daily toil, he strives to maintain his honesty, integrity, faith, and compassion. He is only asking for the right to work as he says â€Å"I hope I shall die ere ever such a time cooms, and I shall work solitary among yo unless is cooms†. This implies that Stephen loves to work and that is why he does not want to go on strike. Stephen is the only Hand who refuses t o join a workers’ union: he believes that striking is not the best way to improve relations between factory owners and employees, and he also wants to earn an honest living. I ha’ never had no fratch† demonstrates his innocence due to the fact that he has never had an argument with anyone. He also refuses to spy on his fellow workers for Bounderby, who consequently sends him away. Both groups, rich and poor, respond in the same self-interested, backstabbing way. Slackbridge labels Blackpool as a turncoat as the verbs ‘deserts’ his post, ‘sells’ his flag, ‘turns’ a traitor and a craven and a recreant, suggests that Stephen is a cruel man, he tries to convince the workers that Stephen has let them down.Slackbridge could not make Blackpool sounds less worthy if tried. Dickens favors and admires Stephen Blackpool as he is the perfect balance in ‘fact’ and fancy’. Also Dickens hates trade unions and strikes, t herefore he would hate Slackbridge as he wants the workers to go on strike and he is full of facts. Through Stephen, Dickens suggests that industrialization threatens to compromise both the employee’s and employer’s moral integrity, thereby creating a social muddle to which there is no easy solution.

Different Reasons People Comunicate Essay

There are lots of reasons why people communicate at work. For example, to share ideas and thoughts, to express needs and feelings, to socialise, to gain and share information, to build relationship and to maintain relationship, to understand and to be understood and to receive instructions, to give encouragement and show others that we care. In order to work effectively with children and their families, it is important to have good relationship with a range of people. Those who have good communication skills are likely to have strong relationship with children, parents and other adults. Sometimes we need extra support and services to help people comunicate properly. Translation and interpreting services – I know about few cases at school where teachers had to use translator services to facilitate written communication between parents whose English is an additional language. In addition, they may use interpreting services to facilitate spoken communication. Read more:  Identify five different reasons why people communicate  essay For sensitive matters should be used a professional interpreter as they have trained to translate the message but not misinterpret it. They have also been trained not to say their opinion or change the nature of what the other person is trying to say. Speech and language services – we may need to use these services to help us find ways of communicating with children and young people. They may provide suggestions and guidance as to how to use resources such as Picture Exchange Communication System (PECS) or training in visual systems such as Makaton. They showed up to be very efective with children with autism and down sindrome as many more. Advocacy services – a child or young person might be assigned an advocate whose task is to reflect their best interest. The use of advocates is needed for children or young people who are in local authority care or for children or young people with communication difficulties. Third sector organisations – for example, Royal National Institute for Deaf People (RNID) – we may use these services if we have children in the setting who are hearing impairment. These services provide training courses and consultancy on deafness and disability. They also offer communication services including sigh language, interpreters and provide services for deaf and hard of hearing people with additional needs. We need to find ways of communicating with children and build relationship with them so they find it easier to settle into a new environment. When parents find that their children are happy with us they will trust us and have total confidence in us. Comunication is a key in my job role as a Nanny so I can fullfill needs of children and than pass all details to parents, so they ll know, their child is happy and safe. I use to do it thru comunication books or during the handower at the end of the day. To work effectively we will need to gain and share information. This might be from basic information about how a child is feeling, what they are interested in or it might be information about their long-term health and welfare. In nurseries and schools for teams to work well together, it is important that relationships within them are strong and professional. The quality of relationships with colleagues can be disturb or threatened by the way they tallk to each other, react to their suggestions and the tone of the voice that they use. When relationships break down in professional teams, children, young people and their families are likely to receive a less effective service as this would afect them all. Friendly comunication in work place helps building loyalty and trust, they are aware of the needs of the children and job is done properly.

Commonly Confused Words

Accept / Except Affect / Effect A Lot / Alot Allusion / Illusion All Ready / Already Altogether / All Together Apart / A Part Ascent / Assent Breath / Breathe Capital / Capitol Cite / Sight / Site Complement / Compliment Conscience / Conscious Council / Counsel Elicit / Illicit Eminent / Immanent / Imminent Its / It's Lead / Led Lie / Lay Lose / Loose Novel Passed / Past Precede / Procede Principal / Principle Quote / Quotation Reluctant / Reticent Stationary / Stationery Supposed To / Suppose Than / Then Their / There / They'reThrough / Threw / Thorough / Though / Thru To / Too / Two Who / Which / That Who / Whom ACCEPT-to receiveex: He accepts defeat well. EXCEPT-to take or leave outex: Please take all the books off the shelf except for the red one. AFFECT-to influenceex: Lack of sleep affects the quality of your work. EFFECT-n. , result, v. , to accomplishex: The subtle effect of the lighting made the room look ominous. ex: Can the university effect such a change without disruptin g classes? A LOT (two words)-many. ALOT (one word)-Not the correct form.ALLUSION-an indirect referenceex:The professor made an allusion to Virginia Woolf's work. ILLUSION-a false perception of realityex: They saw a mirage: that is a type of illusion one sees in the desert. ALL READY-preparedex: Dinner was all ready when the guests arrived. ALREADY-by this timeex: The turkey was already burned when the guests arrived. ALTOGETHER-entirelyex: Altogether, I thought that the student's presentation was well planned. ALL TOGETHER-gathered, with everything in one placeex: We were all together at the family reunion last spring.APART-to be separatedex: The chain-link fence kept the angry dogs apart. OR My old car fell apart before we reached California. A PART-to be joined withex: The new course was a part of the new field of study at the university. OR A part of this plan involves getting started at dawn. ASCENT- climbex: The plane's ascent made my ears pop. ASSENT-agreementex: The martian a ssented to undergo experiments. BREATH-noun, air inhaled or exhaledex: You could see his breath in the cold air. BREATHE-verb, to inhale or exhaleex: If you don't breathe, then you are dead.CAPITAL-seat of government. Also financial resources. ex: The capital of Virginia is Richmond. ex: The firm had enough capital to build the new plant. CAPITOL-the actual building in which the legislative body meetsex: The governor announced his resignation in a speech given at the capitol today. CITE-to quote or documentex: I cited ten quotes from the same author in my paper. SIGHT-visionex: The sight of the American flag arouses different emotions in different parts of the world. SITE-position or placeex: The new office building was built on the site of a cemetery.COMPLEMENT-noun, something that completes; verb, to completeex: A nice dry white wine complements a seafood entree. COMPLIMENT-noun, praise; verb, to praiseex: The professor complimented Betty on her proper use of a comma. CONSCIENCE-s ense of right and wrongex: The student's conscience kept him from cheating on the exam. CONSCIOUS-awakeex: I was conscious when the burglar entered the house. COUNCIL-a group that consults or advisesex: The men and women on the council voted in favor of an outdoor concert in their town. COUNSEL-to adviseex: The arole officer counseled the convict before he was released. ELICIT-to draw or bring outex: The teacher elicited the correct response from the student. ILLICIT-illegalex: The Columbian drug lord was arrested for his illicit activities. EMINENT-famous, respectedex: The eminent podiatrist won the Physician of the Year award. IMMANENT-inherent or intrinsicex: The meaning of the poem was immanent, and not easily recognized. IMMINENT-ready to take placeex: A fight between my sister and me is imminent from the moment I enter my house.ITS-of or belonging to itex: The baby will scream as soon as its mother walks out of the room. IT'S-contraction for it isex: It's a beautiful day in th e neighborhood. LEAD-noun, a type of metalex: Is that pipe made of lead? LED-verb, past tense of the verb â€Å"to lead†ex: She led the campers on an over-night hike. LIE-to lie down (a person or animal. hint: people can tell lies)ex: I have a headache, so I'm going to lie down for a while. (also lying, lay, has/have lain–The dog has lain in the shade all day; yesterday, the dog lay there for twelve hours).LAY-to lay an object down. ex: â€Å"Lay down that shotgun, Pappy! † The sheriff demanded of the crazed moonshiner. ex: The town lay at the foot of the mountain. (also laying, laid, has/have laid–At that point, Pappy laid the shotgun on the ground). LOSE–verb, to misplace or not winex: Mom glared at Mikey. â€Å"If you lose that new lunchbox, don't even think of coming home! â€Å"LOOSE–adjective, to not be tight; verb (rarely used)–to releaseex: The burglar's pants were so loose that he was sure to lose the race with the cop chas ing him. x: While awaiting trial, he was never set loose from jail because no one would post his bail. NOVEL-noun, a book that is a work of fiction. Do not use â€Å"novel† for nonfiction; use â€Å"book† or â€Å"work. â€Å"ex: Mark Twain wrote his novel Adventures of Huckleberry Finn when he was already well known, but before he published many other works of fiction and nonfiction. PASSED-verb, past tense of â€Å"to pass,† to have movedex:The tornado passed through the city quickly, but it caused great damage. PAST-belonging to a former time or placeex: Who was the past president of Microsquish Computers? x: Go past the fire station and turn right. PRECEDE-to come beforeex: Pre-writing precedes the rough draft of good papers. PROCEED-to go forwardex: He proceeded to pass back the failing grades on the exam. PRINCIPAL-adjective, most important; noun, a person who has authorityex: The principal ingredient in chocolate chip cookies is chocolate chips. ex: The principal of the school does the announcements each morning. PRINCIPLE-a general or fundamental truthex: The study was based on the principle of gravity. QUOTE-verb, to citeex: I would like to quote Dickens in my next paper.QUOTATION-noun, the act of citingex: The book of famous quotations inspired us all. RELUCTANT-to hesitate or feel unwilling ex: We became reluctant to drive further and eventually turned back when the road became icy. RETICENT-to be reluctant to speak; to be reserved in manner. Note that The American Heritage Dictionary lists â€Å"reluctant† as a synonym for â€Å"reticent,† as the third definition. For nuance and variety, we recommend â€Å"reticent† for reluctance when speaking or showing emotion (after all, even extroverts can become reluctant). ex: They called him reticent, because he rarely spoke.But he listened carefully and only spoke when he had something important to say. STATIONARY-standing stillex: The accident was my fault becau se I ran into a stationary object. STATIONERY-writing paperex: My mother bought me stationery that was on recycled paper. SUPPOSED TO-correct form for â€Å"to be obligated to† or â€Å"presumed to† NOT â€Å"suppose to†SUPPOSE-to guess or make a conjectureex: Do you suppose we will get to the airport on time? When is our plane supposed to arrive? We are supposed to check our bags before we board, but I suppose we could do that at the curb and save time.THAN-use with comparisonsex: I would rather go out to eat than eat at the dining hall. THEN-at that time, or nextex: I studied for my exam for seven hours, and then I went to bed. THEIR-possessive form of theyex: Their house is at the end of the block. THERE-indicates location (hint: think of â€Å"here and there†)ex: There goes my chance of winning the lottery! THEY'RE-contraction for â€Å"they are†ex: They're in Europe for the summer–again! THROUGH-by means of; finished; into or out ofex: He plowed right through the other team's defensive line.THREW-past tense of throwex: She threw away his love love letters. THOROUGH-careful or completeex: John thoroughly cleaned his room; there was not even a speck of dust when he finished. THOUGH-however; neverthelessex: He's really a sweetheart though he looks tough on the outside. THRU-abbreviated slang for through; not appropriate in standard writingex: We're thru for the day! TO-towardex: I went to the University of Richmond. TOO-also, or excessivelyex: He drank too many screwdrivers and was unable to drive home. TWO-a numberex: Only two students did not turn in the assignment.WHO-pronoun, referring to a person or personsex: Jane wondered how Jack, who is so smart, could be having difficulties in Calculus. WHICH-pronoun, replacing a singular or plural thing(s);not used to refer to personsex: Which section of history did you get into? THAT-used to refer to things or a group or class of peopleex: I lost the book that I bought la st week. WHO-used as a subject or as a subject complement (see above)ex: John is the man who can get the job done. WHOM-used as an objectex: Whom did Sarah choose as her replacement? Back to ‘Commonly Confused Words' or ‘Clarity and Style'Copyright 2010