The Outbreak Of WWI An Accident History Essay

The Outbreak Of WWI An Accident History Essay The assassination of Archduke Franz Ferdinand occurred on 28th June 1914. It can be argued that the Archdukes assassination has led to the idea that the outbreak of World War One (WWI) was an accident, an event that led to the greatest war the world had ever seen at that point. However, no single event can be solely responsible for causing such devastating consequences. There were other factors that led to the Great War, tensions that had been building for some time, a result of issues derived mainly from the past centuries imperialism and the rapid industrialisation that was changing the face of the world. Alliances between countries had been leading to and causing friction between European countries for quite a period of time, namely between the years 1879 and 1914. These alliances were key in factoring towards the outbreak of World War One. Furthermore, a complicated web of alliances across Europe was in place in 1914. The main alliances on either side were; The Triple Alliance (1882), which was an alliance between Germany, Austria-Hungary and Italy, which stopped Italy from taking sides with Russia and The Triple Entente that, was made between Britain, Russia, and France to counter the increasing threat from Germany. At the point of the outbreak of war, it was extremely clear who would be allied with one another. The building tensions between countries factored towards the outbreak of WWI, whilst the alliances in place throughout Europe contributed towards the size and scale of the First World War. Another key factor that contributed towards the outbreak of WWI was militarism. Countries competed were competing with one another in terms of military prowess. The period preceding WWI has been called ‘The Arms Race. In essence, the big four powers of Europe; Britain, France. Germany and Italy were competing to build the most effective battleship. ‘If Archduke Franz Ferdinand had been assassinated in 1904 or even in 1911, Herrmann speculates there might have been no war; it was the armaments race and the speculation about imminent or preventative wars which made his death in 1914 the trigger for war. Furthermore, the German naval build up is seen by some historians as the principal cause of deteriorating Anglo-German relations. The outbreak of the First World War occurred at a time of empires and imperialism. Furthermore, many of the economic causes of WWI can be attributed to a growing material dependency of advancing European nations on nationalism. France and Great Britain, for example maintained domestic economies and accumulated great wealth in the late 19th Century through trade, and their control of foreign resources, markets, territories and people. Moreover, Germany being a late arrival on the world stage, had a very modest empire compared to that of Britain or France. It was also locked out of the most valuable colonial regions in Africa and the Far East. There was also an upset in the trade balance with the rapid exhaustion of natural resources in many European nations. This exhaustion of natural resources made many nations eager to seek new territories rich in such resources. Out of this resentment intense rivalries developed between the emerging economic powers and the ‘great powers. Nationalism was another deep rooted factor that contributed to the outbreak of WWI. In Germany for example, Foreign Minister Bernhard Von Bulow adopted a policy called Weltpolitik in 1897. This policy aimed to seek ‘Germanys place in the sun commensurate with its rising industrial strength, namely by the creation of a colonial power to rival those of other powers. Furthermore, Germanys Weltpolitik policy contributed towards the arms race, another key factor in the outbreak of the First World War. When Wilhelm II became the new Kaiser in 1888 he had very different intentions for German diplomacy. Weltpolitik was essentially a plan that aimed to make Germany a large, strong and unbeatable empire in every possible way. The Agadir crisis was the international tension sparked by the deployment of a German gunboat to the Moroccan port of Agadir on July 1, 1911. The Agadir crisis occurred as a result of both imperialism and nationalism. The Triple Entente came into play during this cr isis with Britain at Frances aid as it had been in the first Moroccan crisis. Furthermore, on 21st July David Lloyd George delivered the Mansion House speech in which he declared that national honour was more precious than peace; ‘If Britain is treated badly where her interests are vitally affected, as if she is of no account in the cabinet of nations, then I say emphatically that peace at that price would be a humiliation intolerable for a great country like ours to endure The speech was interpreted by Germany as a warning that she could not impose an unreasonable settlement on France. Moreover the Balkan wars are commonly seen as an important precursor to WWI, to the extent that ‘Austria-Hungary took alarm at the great increase in Serbias territory and regional status. Germany also shared this concern, which saw Serbia as a ‘satellite of Russia. These events factored towards the outbreak of the First World War in the sense that Serbias rise in power contributed to the two central powers willingness to declare war following the assassination of the Archduke Franz Ferdinand. However, in terms of a counter-argument it can be argued that the outbreak of WWI was an accident, as from surface value it appears to have been sparked by a relatively small event in comparison to the devastation and turmoil that occurred afterwards. On 28th June 1914 Archduke Franz Ferdinand heir to the Austro-Hungarian Empire, and his wife Sophie, were assassinated in Sarajevo, the capital of Bosnia. The assassins ultimate goal was the separation of Bosnia-Herzegovina and possibly other provinces from Austria-Hungary and attachment to Serbia to form a greater Serbia or a Yugoslavia. This event essentially led to a chain reaction influenced by the alliances between the main European powers. The alliances made prior to the assassination of the Archduke meant that countries were obliged to go to war. Thus, Austria-Hungary attacked Serbia in retaliation for the assassination; Russia intervened to help the Serbians. Germany joined forces with Austria-Hungary, and France and Britain wer e bought in as a result of The Triple Entente an alliance between Britain, France and Russia. So in conclusion, I personally believe that the outbreak of WWI was not an accident to any extent. It was a result of deep-rooted factors that had been building tensions for some time, sparked off by a single event (the assassination of the Archduke) If other factors such as imperialism, nationalism, etc, did not come into play then World War One would almost certainly never have occurred. The nature of the period itself, very much a period about incredible power and wealth, a result of rapid colonisation and industrialisation would have also been a leading factor towards the outbreak of World War One. Bibliography Eric Hobsbawm, The Age of Extremes Bond, The First World War and British Military History History on the net The causes of WWI Wikipedia The origins of WWI History on the net, The causes of World War One History on the net, The Causes of World War One Bond, The First World War and British Military History History on the net, The Causes of World War One Bond, The First World War and British Military History Wikipedia, The origins of WWI Wikpedia, The origins of WWI History on the net, The causes of WWI History on the net, The causes of WWI

Computers And Strategic Games :: Technology Thinking Papers

Computers and Strategic Games We all know that computers can help a jumbo jet land safely in the worst of weather, aid astronauts in complex maneuvers in space, guide missiles accurately over vast stretches of land, and assist doctors and physicians in creating images of the interior of the human body. We are lucky and pleased that computers can perform these functions for us. But in doing them, computers show no intelligence, but merely carry out lengthy complex calculations while serving as our obedient helpers. Yet the question of whether computers can think, whether they are able to show any true intelligence has been a controversial one from the day humans first realized the full potential of computers. Exactly what intelligence is, how it comes about, and how we test for it have become issues central to computer science and, more specifically, to artificial intelligence. In searching for a domain in which to study these issues, many scientists have selected the field of strategic games. Strategic games requ ire what is generally understood to a high level of intelligence, and through these games, researchers hope to measure the full potential of computers as thinking machines (Levy & Newborn 1). From the beginning, some have argued that computers would never be good at strategic games until humans themselves understood how they themselves played and then modeled computers to play the same way. Most computer scientists felt that humans carried out highly selective searches, and programmers initially set out to have their programs do the same. It was believed that special-purpose computer languages in which gaming concepts could be easily expressed were necessary. There were some that argued that although human intuition could not be programmed, it was required for top-level play. Computers have improved gradually over the years from the point of barely making legal moves to the current state of being world-class players. On the surface, they do not seem to imitate the human thought process, but upon closer examination, one begins to sense that they do. How exactly do computers play strategic games? The best way of answering this question is to look at how computers play the g ame of chess, as this game in order to be mastered requires what we consider to be the highest level of intelligence. Among all the strategic games, the game of chess has been studied the most by AI researchers with the objective of making chess-playing machines that can defeat the best human players.

“Letter from a Birmingham Jail” Dr. Martin Luther

In his â€Å"Letter from a Birmingham Jail† Dr. Martin Luther King Jr. challenges the preconceived notions of his fellow clergymen and argues that â€Å"injustice anywhere is a threat to justice everywhere.†Ã‚   (King, 1963). Dr. King had been chastised by a number of clergy in Birmingham as an outside agitator stirring up trouble in their city. Early on, he explained his idea that no citizen of the United States can be considered an agitator when protesting or acting with regard to something else happening with the country’s borders. Furthermore, King argues that what happens in Birmingham affects Atlanta and Washington, D.C. and New York City.   In many ways, he was arguing the idea of globalization and world conscious long before they became buzz words and the way of the world. King argued that as a member of the Southern Christian Leadership Conference he had no option other than to fight for social justice throughout the South.After justifying himself to t he other clergy, King explains why the demonstrations for which he was arrested are taking place in Birmingham.   In gentle rebuke, he points out that the clergymen have condemned the conditions that resulted because of the protest but have never taken time to rebuke the conditions that required the demonstrations take place. â€Å"Birmingham is probably the most thoroughly segregated city in the United States. Its ugly record of brutality is widely known. Negroes have experienced grossly unjust treatment in the courts. There have been more unsolved bombings of Negro homes and churches in Birmingham than in any other city in the nation. These are the hard, brutal facts of the case, â€Å"King wrote (King 1963).Despite those conditions, leaders within the African American community approached city leaders attempting to find a path to social justice via the law.   They were humored and strung along by the establishment, but never did the city try to make any good faith effort to try to change the conditions. And, at the time of King’s letter, being born an African American in Alabama in general and Birmingham in particular virtually guaranteed a lack of rights.   â€Å"Then, last September, came the opportunity to talk with leaders of Birmingham's economic community. In the course of the negotiations, certain promises were made by the merchants — for example, to remove the stores humiliating racial signs. On the basis of these promises, the Reverend Fred Shuttles worth and the leaders of the Alabama Christian Movement for Human Rights agreed to a moratorium on all demonstrations. As the weeks and months went by, we realized that we were the victims of a broken promise. A few signs, briefly removed, returned; the others remained.† (King, 1963).The signs were the overt racism inherent in Birmingham, but the roots in the region went much deeper. African Americans were consistently denied the right to vote, sometimes to the point that in counties where the majority of the population was black, not a single African American was registered to vote. King argues clearly that these maneuvers to hold people back from racial equality were often being done within the confines of the law and that was a problem in and of it.He   further argues that taking direct action will spur the community toward negotiation and an effort to change. â€Å"Nonviolent direct action seeks to create such a crisis and foster such a tension that a community which has constantly refused to negotiate is forced to confront the issue. It seeks so to dramatize the issue that it can no longer be ignored.† (King, 1963)   If no action is taken, King agues, then the status quo does not change. People are not prompted to change, or even to negotiate for improvement if there is no impetus for their effort.â€Å"The purpose of our direct-action program is to create a situation so crisis-packed that it will inevitably open the door to negotiatio n. I therefore concur with you in your call for negotiation. Too long has our beloved South land been bogged down in a tragic effort to live in monologue rather than dialogue.† (King, 1963). It is important to note that throughout his call to action, King reiterates that the direct actions should be non-violent designed to make people uncomfortable and disrupt daily routines, not aggressive or threatening.He answers complaints that the protest came too soon after a city election for the newly elected government to have any impact on the old ways. The problem with waiting for someone to take action is that you are always waiting and nothing changes.   â€Å"The only answer that I can give to this query is that the new Birmingham administration must be prodded about as much as the outgoing one, before it will act. We are sadly mistaken if we feel that the election of Albert Boutwell as mayor. will bring the millennium to Birmingham.While Mr. Boutwell is a much more gentle per son than Mr. Connor, they are both segregationists, dedicated to maintenance of the status quo. (King, 1963). King points to the emerging nations of the world, able to fight for their freedom from colonial oppressors and get it, and then remarks at the â€Å"horse and buggy† pace the United States is making within her own borders to promote equality (King, 1963). â€Å"Perhaps it is easy for those who have never felt the stinging dark of segregation to say, â€Å"Wait.†(King, 1963)†He justifies his actions in terms of the law. This is perhaps the most powerful of King’s arguments outside the â€Å"I Have a Dream† speech. It sets the tone for his later work and justifies the Civil Rights Movement in one fell swoop.   â€Å"Since we so diligently urge people to obey the Supreme Court's decision of 1954 outlawing segregation in the public schools, at first glance it may seem rather paradoxical for us consciously to break laws.One may won ask: †Å"How can you advocate breaking some laws and obeying others?† The answer lies in the fact that there fire two types of laws: just and unjust. I would be the Brat to advocate obeying just laws. One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws. I would agree with St. Augustine that â€Å"an unjust law is no law at all† (King, 1963).In this short passage, King makes an eloquent and accurate plea for civil disobedience and encourages people to take the action needed to make a difference with regard to changing the law.   His argument is that sometimes the law is simply so unjust that if a person does not take radical action to change the law, he is supporting injustice.The idea that a law could be justly applied but be inherently unjust was illogical, he argued. â€Å"An unjust law is a code that a numerical or power majority group compels a minority group to obey but does not make b inding on itself. This is difference made legal. By the same token, a just law is a code that a majority compels a minority to follow and that it is willing to follow itself. This is sameness made legal.† (King, 1963).He further argues that the type of civil disobedience he is recommending was first practiced in biblical times by Shadrach and his compatriots when they faced the lion’s den rather than renouncing their faith. He then goes on to chastise the church leadership for their inaction and lack of support for the African American community. â€Å"Let me take note of my other major disappointment. I have been so greatly disappointed with the white church and its leadership.† (King, 1963).   He argues that the church should in supporting core Christian values work toward the development of equality for all people and that in failing to do so they have ignored their Christian duty.King’s letter was intended as an answer to critics, a reply to those wh o did not understand the reality of the Southern African American and the way that they were being discriminated against.   Instead, it served as an outline for social justice and for achieving equality. By detailing how and why people of color and white Americans should stand together to fight for equality, he took the effort for equality out of the streets and back alleys to the headlines.His definitions regarding an unjust law made the difference philosophically and religiously for many people. Many people who had previously considered themselves good people suddenly found that they could no longer hide behind the legality of the situation. Instead, King forced them to take the issue of equality to heart and think of it from their conscious and not just from the law. They were no longer able to argue that it was okay by the law so that must make it right. King found the right words to explain that equality was everyone’s responsibility and that unless people were willing to work for justice, no one would have it.Thesis: In his â€Å"Letter from a Birmingham Jail† Dr. Martin Luther King Jr. challenges the preconceived notions of his fellow clergymen and argues that â€Å"injustice anywhere is a threat to justice everywhere.†Ã‚   (King, 1963Outline:â€Å"Letter from a Birmingham Jail†I.      Summary and historical contextII.    Why Birmingham?a.    Worst racism in the Southb.    Negotiation failedc.   New leadership might mean an opportunity for change.III. Why direct action?a. Civil disobedience draws attentionb. Unjust laws should not be obeyedc. Christian history of actionIV.   ConclusionKing’s letter was intended as an answer to critics, a reply to those who did not understand the reality of the Southern African American and the way that they were being discriminated against.   Instead, it served as an outline for social justice and for achieving equality.

Genghis Khan and the Mongol Empire

Feedback Loop And Organizational Learning - 1781 Words

Feedback Loop and Organizational Behavior Wanda I. Ramos Trident University BUS 599: Integrative Project Dr. Jeffrey Snider Feedback Loop and Organizational Learning The Excellent Consulting Group Organizational learning is no doubt an important concern to organizational researchers and practitioners. However, few theories or models of organizational learning have widespread acceptance, even the basic concept of what organizational learning is (Fiol Lyles, 1985; Huber, 1991, Kim, 1993). Each learning cycle and process is to be treated as reorganizing feedback mechanism to achieve the task’s objectives. â€Å"The technical view assumes that organizational learning is about the effective processing, interpretation of, and response to,†¦show more content†¦They are also element of effective management. Discussion A feedback loop is a common and a great tool when designing a control system. Feedback loops take the system output into consideration, which enables the system to adjust its performance to meet a desired output response. System feedback loops constitute an essential part of the systems thinking theory which allows viewing organization as a system. They are also connected to the theory of organizational learning., which may occur within a loop. Organizational learning theory and population ecology would suggest that rule making is subject to limited resources (e.g., unsolved problems) which would be absorbed as the rule apparatus grows, leaving less resources for new rules resulting in a negative effect of rule density on rule birth rates. There are different feedback loops at Whole Foods Market, two of which will be discuss in this paper. Identifying and having control of the reinforcing and balancing loops provides a company with an advanced understanding of its internal processes and creates multiple learning opportunities that will allow it to become more successful in the future. Whole Foods Market reinforcing loops consists of the following elements: 1. The demand for organic foods 2. The profit earned 3. The number of stores that operate within the grocery chain 4. The customer awareness of healthy eating habits The revenue and profit of the company depend directly

A Doll’S House. By Henrik Ibsen. Henrik Ibsen (1828-1906),

A Doll’s House By Henrik Ibsen Henrik Ibsen (1828-1906), Norway’s major playwright and poet during the 19th century, was a pioneer of Western modernism (Wikipedia). His plays founded the realist school of Western theatre and some literary critics even consider him as â€Å"the father of realism† or refer to the rise of â€Å"Ibsenism† (iii) when discussing his work. A Doll’s House (1879) is one of the most influential plays in European literature because it created a new, realist style of staging plays, moving away from epic theatrical conventions. Play’s characters are living a regular life and belong to the middle or upper middle class. A Doll’s House presents the moral conflicts of its protagonists, Torvald and Nora Helmer, by mixing between†¦show more content†¦Helmer shows his real face. He is a selfish and thankless man which urges Nora to leave the family. The play represents a normal middle class family that functions according to the common gender roles of the time. Ibsen uses symbols and images to show the contrast between interrelationship between moral issues and their external manifestation in the play. Torvald dominates his wife, who is servile and resembles a bird in the cage. Torvald frequently refers to her as â€Å"skylark† (4), squirrel, or doll. All of these names belittle her and make her look subservient to him. The antagonists, Mrs. Linde, Mr. Krogstad, and Dr. Rank, the family friend who is in secret love with Nora and suffering from a terminal illness, play a crucial role in the play’s dramatic development. These characters are insincere and mirror the moral conflicts between Nora and Torvald. Moreover, Ibsen uses particular symbols to show the moral weakness of Torvald and Nora’s marriage. For example, the Christmas tree symbolizes the family. The tree is dead, has no roots to support it, and is put in a place where visitors can see it for ostentation. Torvald and Nora are interested in decorating it with artificial objects rather than enjoying its natural beauty. Thus, the tree represents the disintegration of Nora and Torvald’s marriage, its lacking foundation of truth, understanding and honesty, and its artificial rules ofShow MoreRelatedPerfect Domestic Wives1069 Words   |  4 Pagespolite exterior. Gender roles and freedom of women in the 19th century are the main themes in Henrik Ibsen’s â€Å"A Doll’s House.† The movement for women’s rights succeeded in Norway shortly after this time period. However, during the 19th century, Norway experienced peace which led to a concentration on the arts and theatre. New makeup and sets were brought into the theatre. Plays like â€Å"A Doll’s House† by Henrik Ibsen epitomized the new age of theatre, realism, in the 19th century. During the 19th centuryRead MoreA Doll s House By Henrik Ibsen1717 Words   |  7 Pageswhich the society has not figured out yet, even women themselves. What do women want, freedom or good life? Most of the time, they are not necessarily the same thing. The play, â€Å"A Doll House† written by Henrik Ibsen back in 1879 while exiled in Germany, reveals the desire of freedom from Nora, a typical house wife in Norway back in the end of 19th century. An event of secret loan exposes the struggles between the social calls and the desire for freedom in Nora’s heart. Contrast to the regatheringRead MoreAnalysis Of Henrik Ibsen s A Doll s House 1325 Words   |  6 PagesFamilies Destroyed by Secrecies In Henrik Ibsen’s A Doll s House† (March 20, 1828 - May 23, 1906) and â€Å"Oedipus the King†, by Sophocles (which is an Athenian tragedy performed 495 B.C.E. - 405 B.C.E.) both have men who were destroyed by a secret which lead them to their horrible outcomes on life because of the conflicts in their relationships with their families although, both pieces of Literature were written many years apart from each other and in different areas of time. Two characters whoRead MoreTheatrical Realism : Realism And Realism1228 Words   |  5 Pagesheightened or poetic REALISM IN A DOLL’S HOUSE Henrik Ibsen (1828-1906), a norwegian writer, is considered to be the father of modern realistic drama His plays attacked society’s values and dealt with unconventional subjects within the form of the well-made play (causally related) Ibsen’s letters reveal that much of what is contained in his realist dramas is based on events from his own life. A Doll’s House was the second in a series of realist plays by Ibsen after The Pillars of Society (1877)Read MoreHenrik Ibsen s Hedda Gabler Essay2029 Words   |  9 PagesPAPER: HENRIK IBSEN’S â€Å"HEDDA GABLER† Part 1: Henrik Ibsen Henrik Ibsen was born on March 20th, 1828 and grew up in a Norwegian coastal town of Skien, as the oldest of five children. His Father, Knud, was a successful merchant providing a plentiful life for his family, while his mother, Marichen, played the piano and loved theater. Ibsen showed little interest in theater as a child until his family went into bankruptcy and eventually into poverty. That tragic event in his life made Ibsen put hisRead MoreFreedom Versus Confinement By Henrik Chopin1524 Words   |  7 Pageson what happened in the house or how things were to be done that was the husband’s job. The man was obligated to get married, take care of his wife and household (money wise). The men were typically more free then the women. But true freedom is being able to live for yourself and do what you wanted to how you wanted to do it. Neither were truly free. During this time period, many writers and poets would using poems and stories to discuss these issues. Writer Hen rik Ibsen and poet Kate Chopin areRead MoreInferior Role of a Married Woman Nora in a Doll’s House by Henrik Ibsen2359 Words   |  10 PagesInferior Role of a Married Woman Nora in A Doll’s House by Henrik Ibsen Mengdan Shen Theatre and Drama 120 Section 319 Ashley Bellet December 9, 2015 Before the twentieth century’s feminism movement, European females suffered from their unfair and discriminated positions in marriage and in society. In his masterpiece A Doll’s House, Henrik Ibsen creates Nora, a housewife who is dependent financially and socially on her husband, Helmer. Ibsen uses Nora’s marriage to depict and embody theRead MoreExistentialist traits in works of Henrik Ibsen1442 Words   |  6 Pagesworks of Henrik Ibsen (1828-1906). The Norwegian playwright, Henrik Ibsen a was an advocator of individualism and was against the social norms which shape the lives of human beings. His characters live themselves out in the spirit of reckless and vehement self-assertion - superman and superwomen. Ibsen was a believer in freedom to will. Many of his characters can be seen in this light who reject to be shaped by some force outside their own will. . In his famous and controversial play A Dolls HouseRead MoreIbsen11859 Words   |  48 PagesM.F.A. Committee Member ______________________________ Kenneth Cleaver, Ph.D. Committee Member ______________________________ James Nutter, D.A. Honors Director ______________________________ Date Forshey 3 Abstract In Henrik Ibsen’s plays, A Doll’s House, The Wild Duck, The Lady from the Sea, and Hedda Gabler, the theme of captivity is demonstrated in the female protagonists Nora, Hedvig, Ellida, and Hedda. The theme of captivity also serves as a performance guide for the portrayalRead MoreBeckett And The Realism Theatre Of Henrik Ibsen2026 Words   |  9 Pagesdesign, there are a large amount of differences between the absurd theatre of Samuel Beckett and the realism theatre of Henrik Ibsen; however, both these playwrights look to challenge their audience and the theatrical conventions and expectations of their time. Beckett challenges the idea of how language, time, and human existence are presented and perceived within a play; Ibsen challenges the conventional ideas of his time with the use of an unexpected protagonist and the idea of leaving the audience

Company Accounting Acquire Smaller Ltd

Question: Discuss about theCompany Accountingfor Acquire Smaller Ltd. Answer: Introduction Companies registered in Australia required complying with accounting guidelines cited by AASB for the preparation of financial statements. The objective of these standards is to ensure financial information of entity in a fair manner to assist stakeholders in making viable decisions (Dagwell, Wines and Lambert, 2011). The present study is focused on preparing consolidated financial statements by considering norms described by provisions of AASB 10. Part A Purchase Analysis to Acquire Smaller Ltd Provisions of AASB 3 establish norms for preparation and presentation of consolidated financial statements in a situation where one entity imposed controlling power on other entity or entities through acquisition (Business combinations, 2004). It also considers provisions of section 334 of the Corporations Act 2001. In accordance with provisions of AASB 3, parent entity is required to present consolidated financial statements if they establish control over other entities (Australian Accounting Standards, 2016). Purchase Analysis to Acquire Smaller Ltd Value of Net Assets Assets Accruals receivables. $ 25000 Trademarks patents $ 600000 Inventory $ 60000 Debtors $ 59540 Prepaid expenses $ 2900 Land $ 202000 Vehicles $ 29100 Dividend and int. $ 2880 PPE $ 76560 Liabilities Contingent liability $ 91500 Dividend payable $ 4000 Creditors $ 13500 Other liabilities $ 10720 Debenture $ 50000 Share capital $ 443400 Cash $ 300000 Net assets $ 448540 Consideration transferred =$3 00 000 + 420,000 * (3/5) * 2.95 =$743,400 Goodwill =$294860 Acquisition of Smaller Ltd had created goodwill of $294860 as consideration provided by the company is higher in comparison to the value of net received through the acquisition process. This shows that Baxter Ltd had paid higher amount because of the market reputation of Smaller Ltd as this acquisition will provide them non-monetary benefits like increase in customer market, synergy advantage, improved productivity and other business advantages (Jones and Ratnatunga, 2012). Recording of Acquisition in the General Journal as at 30th June 2X16 Accruals receivables Dr. $ 25000 Trademarks patents Dr $ 600000 Inventory Dr $ 60000 Debtors Dr $ 59540 Prepaid expenses Dr $ 2900 Land Dr $ 202000 Vehicles Dr $ 29100 Dividend and int. Dr $ 2880 PPE Dr $ 76560 Goodwill Dr $ 294860 Contingent liability Cr $ 91500 Dividend payable Cr $ 4000 Creditors Cr $ 13500 Other liabilities Cr $ 10720 Debenture Cr $ 50000 Share capital Cr $ 443400 Cash Cr $ 300000 Note to the Accounts of Baxter Ltd In notes to account, Baxter Ltd is required to show entire acquisition facts such as consideration provided by segregating it in cash and equity shares. Further, computation of net assets is required to be shown in a detailed manner (Parker, 2013). The company is also required to show the applicability of AASB 3 to ensure that proper procedure is followed for an accounting of acquisition (Business combinations, 2004). Further, valuation methods of assets are to be stated to provide a brief of acquisition to stakeholders. In a situation where viable disclosures required by the acquisition and other Australian Accounting Standards are not able to meet these objectives than in situation, Baxter Ltd is required to provide disclosure of other additional information which is necessary for the purpose of meeting those objectives (Jones and Ratnatunga, 2012). Part B Acquisition of Subby Ltd in the Books of Baxter Ltd Accounting for consolidation in Baxter Ltd is required to be done by considering provisions of AASB 10 (Australian Accounting Standards, 2016). The holding company has a regulatory requirement to prepare consolidated financial statements in accordance with the standardised accounting policies for financial transactions taking place in similar conditions (Australian Accounting Standards, 2016). On the basis of this provisions consolidation of Baxter and Subby Ltd will be recorded in the following manner: Net fair value of identifiable assets and liabilities Share capital + General reserve+ retained profit =$ 1839970 Share of Baxter Ltd 1839970*.6 =$ 1103982 Consideration transferred = 420,000 * (1/4) * 2.95 +420,000 * (1/4) * 2.5 =$ 572250 Capital reserve =$ 531732 Legal and administration expenses will be reduced from capital reserve, and net amount will be shown in balance sheet of company i.e. 793082. Along with this, minority interest will also be recorded a minority interest in liability portion. Journal entries Retained earnings Dr. $ 48170 Share capital Dr. $ 11750000 General reserve Dr. $ 41800 Shares in Subby Ltd. Cr. $ 572250 Business combination valuation reserve Cr. $ 531732 Business combination valuation reserve Dr $ 1300 To legal charges $ 1300 Conclusion The present study shows compliance of AASB 3 and AASB 10 for an accounting of Baxter Ltd to acquire Smaller Ltd and Subby Ltd in a proper manner. Finance department of the company is required to consider these provisions for preparation of financial statements. Further, proper disclosure is to made in notes to accounts of the annual report of a company to provide a better understanding to stakeholders of the company regarding financial transactions. References Books and Journals Dagwell, R., Wines, G. and Lambert, C., 2011. Corporate Accounting in Australia. Pearson Higher Education. Jones, S. and Ratnatunga, J., 2012. Contemporary Issues in Sustainability Accounting, Assurance and Reporting. Emerald Group Publishing. Parker, H. R., 2013. Accounting in Australia (RLE Accounting): Historical Essays. Routledge. Online Business combinations. 2004. [Pdf]. Available through https://www.iasplus.com/en/binary/au/dp2004-02.pdf. [Accessed on 14th December 2016]. Australian Accounting Standards. 2016. [Online]. Available through https://www.charteredaccountants.com.au/Industry-Topics/Reporting/Australian-accounting-standards.aspx. [Accessed on 14th December 2016].