Financial Statements of the Bank of America Corporation Free Essay Example, 2500 words

This paper illustrates that the review of the balance sheet of Bank of America Corporation (BAC) reveals that the total assets of the corporation were $2.3 trillion as of the year ending 2010, which was an increase of 2% as compared to that of 2009. During the same period, the total liabilities of BAC also increased by 2% and rose to $2 trillion. In the year 2010, BAC implemented a fresh consolidation regulation that resulted in the desegregation and integration of certain entities in the consolidated balance sheet of BAC. These entities such as credit card trusts and multi-seller conduits among others were not formally recorded in BAC s consolidated balance sheet. The implementation of the fresh consolidation regulation resulted in a net increase in the assets by an amount of $100.4 billion and also in the growth of total liabilities by an amount of $106.7 billion. This value of the total liabilities included long-term debt worth $84.4 billion. The shareholder s equity of BAC for t he year 2010 also decreased by $3.2 billion as against that of 2009. The decrease was primarily due to expenses worth $12.4 billion owing to goodwill impairment as well as the effect of the implementation of the fresh consolidation guidance. We will write a custom essay sample on Financial Statements of the Bank of America Corporation or any topic specifically for you Only $17.96 $11.86/page

Differences Between Company A And B - 1184 Words

B. Differences Between Company A and B: In terms of leadership behavior, in Company A, performance goals are explicitly established by a senior executive who is well prepared to achieve those goals by committing the resources and influential change management as required. Unlike Company A, senior executives, who are â€Å"actively engaged in process program† in Company B function as a team and â€Å"manage the enterprise through its processes†. As we delve into the â€Å"responsibility† part of the organizational culture, we see that that in Company A â€Å"employees feel accountable for enterprise results† while, in Company B employees are motivated to serve the customers better and achieve outstanding performance. Moreover, employees of Company A are ready for â€Å"major multidimensional change.† In contrast, at Company B performers believe that change is foreseeable and adopt it as a regular business practice. Lastly, in Company A process improvement involves a standard procedure. In addition to that, Company A implements the standardized formal process for process redesign while assimilating it with the â€Å"standard process for process improvement†. However, process management and redesign are core competencies of Company B and are entrenched in a â€Å"formal system that includes environmental scanning, change planning, implementation, and process centered innovation.† 5. Lessons Learned and Future Research Questions If only one individual from a specific company was interviewed the responses fromShow MoreRelatedBD Case Details1197 Words   |  5 Pages1. What is the cause of Bamp;D 9% share and Makita s 50% share? 2. Describe buyer behavior of tradesmen. 3. Analyze the competitive situation. 4. Choose the action from the action plan on page 10 1. Although Black amp; Decker is famous for providing power tools to consumers, they are not as successful to all segments. 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Unlike the difference of just underRead MoreEssay on Chapter 4 Gapenski872 Words   |  4 PagesThe difference between the income statement and balance sheet in regards to timing is the following: * An income statement is a report that contains information in regards to an organizations’ assets and financing in order to obtain those assets that is collected over a certain period of time * A balance sheet is snapshot of the financials for that organization (with assets on the left and liabilities on the right side) for that particular date that was requested Ch 4, Ques 4.5 a, b, c Read MoreDakota Office Products788 Words   |  4 Pageswith the fact that there are high overhead costs related to the desktop delivery option, also tells the reader that an incorrect accounting system is currently being used. One needs only to look at the profitability difference between Customer A amp; B. Currently, there is no difference in the way that the size of orders are priced. In their current system, only the larger orders create a profit for the customer. ii. Develop an activity-based cost system for Dakota Office Products (DOP) based onRead MoreInnovation and Change Essay834 Words   |  4 PagesINNOVATION AND CHANGE 31 A. Define creativity. Explain its relationship to organizational innovation. B. Briefly describe the typical pattern of technology cycles that occurs during technological innovation. C. What are innovation streams? Describe a typical innovation stream. D. How are technology cycles and innovation streams related? E. What are creative work environments? What does a manager need to do to develop and manage creative work environments? Provide examples. INNOVATIONRead MoreNet Present Value and Materials Price Variance1317 Words   |  6 Pages1. 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The difference between forecasted demand and actual demand b. The ratio of forecasted demand and actual demand c. The difference between the standard forecast demand and the evaluatedRead MoreAuditing1697 Words   |  7 PagesXYZ Company. The partner responsible for the audit has recently spent a week working with XYZ as a paid consultant on their internal control systems. The ethical principle that has been breached is: a. auditor independence. b. auditor appointment. c. auditor rotation. d. auditor competence. 2. The term audit expectation gap refers primarily to differences in expectations between: a. auditors and users of audited financial reports. b. auditorsRead Moreinformative speech1255 Words   |  6 Pagesand the differences of 2D and 3D animation. Introduction I. Do you know that animation already exists since early of 19th century? II. What is animation? Animation is the process of creating a continuous motion and shape change illusion by means of the rapid display of a sequence of static images that minimally differ from each other. III. Animation can be recorded on either analogue or digital media. A. For instance, analogue media are flip book, motion picture film and video tape. B. Digital

Critical analysis on A good man is hard to find Essay Example For Students

Critical analysis on A good man is hard to find Essay Critical analysis on A good man is hard to find Religious Symbolism in A Good Man Is Hard To Find This paper will present a rhetorical context for the use of violence in the short story, A Good Man Is Hard to Find, as she presented in her essay The Element of Suspense. The form of classical tragedy in this story will also be analyzed from the critical theories of Aristotle and Longinus. Tolstoy will be used to examine the use Christian symbolism. Nietzsche will provide a more well-rounded universal conclusion to the uses of tragedy and spiritual elements in this classic story. Flannery OConnor gave a talk about A Good Man Is Hard to Find in 1963 at Hollins College, Virginia, which was published as the essay, The Element of Suspense In A Good Man Is Hard to Find. In this essay, OConnor defined the reasons for using violence in her stories. To establish a basis of reason within the story, OConnor stated Much of my fiction takes its character from a reasonable use of the unreasonable, though the reasonableness may not always be apparent. The assumptions that underlie . . . are those of the central Christian mysteries (;Suspense; 803). OConnor placed her characters in seemingly unreasonable situations as a means of creating a sublime experience. Her beliefs were strongly evident in the collected body of her fiction. She commented that, Belief, in my own case, is the engine that makes perception operate (Suspense 803). Perhaps the strongest influence on her writing was her illness with lupus. OConnors struggles with being ill and facing death certainly affected the creation of the characters who awaited a moment of grace. To justify the use of violence in her fiction, OConnor stated in my own stories I have found that violence is strangely capable of returning my characters to reality and preparing them to accept their moment of grace (;Suspense; 804). Her characters were closed-minded and self-centered. Their heads are so hard that nothing else will for the work, was her justification for using violent means to awaken the characters to reality (;Suspense; 804). Although she employed terror and death in many of her stories, she stated that violence was not the ultimate goal of the stories. It is in the extreme situation that best reveals what we are essentially (;Suspense; 805). OConnor believed the violent situations her characters faced brought out personality qualities which they will take into eternity (Suspense 805). Writing Short Stories, an essay summarizing OConnors concepts of the elements of good fiction, was a lecture she gave to a group of creative writing students in 1961. She stated that In good fiction, certain of the details will tend to accumulate meaning from the action of the story itself, and when this happens they become symbolic in the way they work (Writing 807). The use of symbolism in A Good Man Is Hard to Find created a story which seemed to follow a classic model for tragedy. OConnor explained I do think, though, that like the Greeks you should know what is going to happen in the story so that any element of suspense in it will be transferred from its surface to the interior (;Suspense; 802). She created a cathartic experience for the purpose of eliciting a degree of pity and terror from the audience, even though its way of being serious is a comic one (;Suspense; 802). Elements of foreshadowing, contrived circumstances, and catharsis in A Good Man Is Hard to Find followed the classic model of Greek tragedy. The use of foreshadowing conformed to Aristotles concept of magnitude. .ub1cf9e27aa8afe5dcc79a040e7af9c8d , .ub1cf9e27aa8afe5dcc79a040e7af9c8d .postImageUrl , .ub1cf9e27aa8afe5dcc79a040e7af9c8d .centered-text-area { min-height: 80px; position: relative; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d , .ub1cf9e27aa8afe5dcc79a040e7af9c8d:hover , .ub1cf9e27aa8afe5dcc79a040e7af9c8d:visited , .ub1cf9e27aa8afe5dcc79a040e7af9c8d:active { border:0!important; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .clearfix:after { content: ""; display: table; clear: both; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d:active , .ub1cf9e27aa8afe5dcc79a040e7af9c8d:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .centered-text-area { width: 100%; position: relative ; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d:hover .ctaButton { background-color: #34495E!important; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d .ub1cf9e27aa8afe5dcc79a040e7af9c8d-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ub1cf9e27aa8afe5dcc79a040e7af9c8d:after { content: ""; display: block; clear: both; } READ: scarelt letter/ Nature vs. Society Essay He believed that beauty is determined by magnitude and order (Aristotle 47). The epigraph at the beginning of the story described travelers who must pass by the dragon on their journey to the Father of Souls (Good Man 593). The epigraph set the stage for the familys trip and their encounter with danger. The first scene of the story when the family talked about their trip to Florida foreshadowed events in the final scene when the family was murdered. The Grandmother told Bailey she would not take her family on a trip with a murderer in their area. She stated I could not answer to .