Assessment Assignment Example | Topics and Well Written Essays - 4000 words

Assessment - Assignment Example Industrial Chemicals, lastly, provide scientifically enrich and tested chemical products. All in all, the company makes use of the best talent in the sector to keep up with the innovative and unique features it provides. Synthomer also works in the chemical industry and deals mainly in production of polymers. Synthomer was established in 1952 with headquarters in Harlow, UK. Both companies keep innovation and technology at the heart of their operations and compete greatly in the global business market. Both the companies have followed International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) to prepare the financial reports. They use different accounting policies for the accounts, for instance, Synthomer calculates depreciation on straight line basis over the estimated useful life of an asset and Croda values tangible fixed assets at cost or valuation less depreciation. The accounting policies differ for each account but they remain compliant with the UK accounting standards and companies law 2006. For the purpose of this assignment, the financial statements of both the companies are extracted from their official website. The information important for the analysis is extracted and summarized in the excel sheet for clarity and ease of use. The analysis covers information from three recent years i.e. 2011, 2012 and 2013. Both the companies belong to the same industry and work in more or less the same product lines. For financial analysis, ratio analysis was used. Ratio analysis is done under 5 main heads namely Liquidity, Leverage, Coverage, Activity and Profitability. The analysis involves comprehensive assessment of the results measured. An analysis is made using personal knowledge and understanding about the issues. The report ends by concluding on the results of comparative analysis. Current

Fight For 8-hour work time Essay Example | Topics and Well Written Essays - 2000 words

Fight For 8-hour work time - Essay Example Several nations developed certain labor laws for avoid the exploitation of employees in an organization. These laws are mainly consists of minimum daily rest hours, annual holidays and a maximum number of working hours in a day or week for the employees welfare. Over the last three hundred years labor unions have gone through different situation and shaped different forms. Later these trade unions became the part of different political and economical regimes. Early labors are like friendly societies and they worked for the different benefits of labors and to insure workers against unemployment, bad health condition, oldness, and funeral expenses. In many nations especially developed countries, states have been taken responsibilities to do all these functions. The provision of professional training, legal advice, and representation for members are still playing major role of labor union membership. The international socialist organization, the international workingmen’s association (IWA) or First international, demanded 8 hour working time at Geneva Convention in 1866. 8 hour working day got preliminary success in New Zealand by the Australian labor movement for skilled labors in the mid of 19th century. At the early and mid of 20th century got more popularity and most of the employers accepted the 8 hour working time throughout the world. Eight hour day movement is the part of early history and reasoned for the celebration Labor Day and May Day in several nations. The origin of Labor Day namely May Day is bounded up with the movement of eight hour workday. During the year between 1885 and 1886, many strikes had happened in the United States for the part of eight hour work day movement. There were around 500 strikes and lockouts took place in between 1881 and 1884. Most of these movements were started on May First. The May first protest and strike were very aggressive i n Chicago. May first, 1890, was to witness nation-wide strike for the