Tuesday, December 31, 2019
Notes On The Book The Odyssey - 1275 Words
Reading Notes The Odyssey book 1-4 Mena Salman Honors 155 September 10, 2014 Characters introduced in book 5: - Hermes: also known as ââ¬Å"Hermes of the golden wandâ⬠or ââ¬Å"the giant killerâ⬠is the messenger and son of the god Zeus. He was sent by Zues to inform Calypso of Zeusââ¬â¢s order to free Odysseus. -Leucothoe: also known as Leucothoes the white goddess. Daughter of Cadmus, Ino of the slim ankles she was once an immortal but now a goddess who lives in the salt depths of the sea. Leucothoe offers Odysseus help, but he chooses to not listen to her advice. Summary of Book 5: Due to the sympathy and sensitivity athene feels towards oddysseusââ¬â¢s plight and his entire family, she decides to approach Zues and broach the topic of Odysseusââ¬â¢s return . she decides to once again approach sues, this time more passionately and pressingly. She beseeches him to force colso== odysseusââ¬â¢s captureââ¬â to let odysseus free. After listening to Athenaââ¬â¢s arguments, Zues decides that Odysseus has suffered for far to long. . He turned to Hermes, his son, and commanded him to travel to calypso and convey his order of Odysseusââ¬â¢s release. but, However he places a single restriction upon Odysseusââ¬â¢s journey towards freedom and him home: His He must undertake the journey alone for twenty day with no help from man nor immortal. After the period of trial commences,Odysseusââ¬âif successfulââ¬â is promised treasures and spoils in the P Islands that rival those of the Trojan war. Hermes, the giant-killerShow More RelatedThe Odyssey Books 1-4: Notes Essay1547 Words à |à 7 Pagesï » ¿The Odyssey Books 1-4: Notes due Friday 1/10 (3/5) and Monday 1/13 (2/4) An Uncertain Identity Prince Telemachus is the first human character whom the reader meets. He is the son of the long-missing Greek warrior Odysseus, King of Ithaca. Telemachus is too young, too untested, too unsure to have a firmly established sense of identity. Having grown up fatherless in a household full of insolent men who are besieging his mother and consuming his inheritance, he feels totally powerless. The goddessRead MoreGreek Mythology1294 Words à |à 6 PagesWorld s Classics) 2) Euripides, Bacchae, trans. Paul Woodruff (Hackett) 3) Hesiod, Works and Days and Theogony, trans. Stanley Lombardo (Hackett) 4) Homer, The Iliad, trans. Robert Fitzgerald (New York: Farrar, Straus, and Giroux) 5) Homer, The Odyssey, trans. Robert Fitzgerald (New York: Farrar, Straus, and Giroux) 6) Virgil, The Aeneid, trans. R. Fitzgerald (Vintage, 1990) Lectures: Tuesdays and Thursdays CLH L 11:30 a.m. ââ¬â 12:30 p.m. Tutorial Sections: |Section |Time and LocationRead MoreThe Role of Woman in The Odyssey1240 Words à |à 5 PagesAlthough ââ¬Å"The Odysseyâ⬠by the Greek poet Homer is very much an epic tale of a manââ¬â¢s heroic quest, women play an incredibly large role. Homerââ¬â¢s epic tale, ââ¬Å"The Odysseyâ⬠revolves around Ulyssesââ¬â¢ quest to return back to his wife, Penelope, so that he may be reunited with her and assume control over his palace, which has been overrun by suitors. Ulyssesââ¬â¢ son, Telemachus attempts to regain authority in the presence of the many suitors but finds this difficult and embarks upon his own journey under theRead MoreThe Impacts Of The Odyssey In Homers The Odyssey1166 Words à |à 5 PagesHomerââ¬â¢s epic poem The Odyssey follows Odysseus on his long journey home. The Epic also includes the stories of Odysseusââ¬â¢ family left behind: the travels of his son, Telemachus, and how plenty, of what we would now call ââ¬Å"home wreckersâ⬠, suitors pressured his wife, Penelope, into marrying one of them. The characters are beautifully crafted and the story is truly epic. All the elements presented can bring in any reader from any century, the Cyclops, the Gods, the trickery of Penelope, and the disguisesRead MoreThe Odyssey By Homer s Odyssey1267 Words à |à 6 PagesLife in The Odyssey In The Odyssey, Odysseus is constantly being challenged. He is being challenged, so Homer can show us the standards for life in The Odyssey. There is no doubt that Odysseus is a great man, Homer even says so in the beginning lines of the text. Although Odysseus is a great man, he also makes mistakes but not any that he doesn t pay for. We learn the representation of life in The Odyssey through Odysseus challenges. Throughout the book, Odysseus specifically struggles with arroganceRead MoreEssay about Heroic Code in the Iliad and the Odyssey979 Words à |à 4 PagesHeroic Code in the Iliad and the Odyssey In Websters Dictionary, a hero is defined as a person noted for courageous acts or nobility of purpose, especially if this individual has risked or sacrificed his life. In the Iliad and the Odyssey, the code which administers the conduct of the Homeric heroes is a straightforward idea. The aim of every hero is to achieve honor. Throughout the Iliad and the Odyssey, different characters take on the role of a hero. Honor is essential to the HomericRead MoreAnalysis On Monteverdis Il Ritorno DUlisse In Patria1441 Words à |à 6 Pagesterm paper topic, I have decided to write on a lesser known opera that Claudio Monteverdi wrote in 1640 called Il Ritorno dUlisse in Patria which according to Edith Hall, is based on some parts of Homerââ¬â¢s famous Epic, the Odyssey, specifically on the second half of the book. I chose to write about a work by Monteverdi because I really enjoyed learning about how he incorporated some of the classics into his operas, such as in Lââ¬â¢Orfeo and Lââ¬â¢incoronazione di Poppea. Due to the lengthy natureRead MoreSymbolism Of Odysseus s Bow, The Cattle Of Helios, And Odysseus And Penelope s Bed1173 Words à |à 5 PagesThe Odyssey was full of symbolism. Many people and events have a deeper meanings behind them. Through both parts of the novel we see many things that may mean more that they appear as. There is a lot of symbolism in the Odyssey and we see some in Odysseusââ¬â¢s bow, the cattle of Helios, Argus, Penelopeââ¬â¢s Shroud, and Odysseus and Penelopeââ¬â¢s bed. One example of symbolism is Odysseusââ¬â¢s bow during Penelopeââ¬â¢s challenge. Only Odysseus has the strength to string the bow. This symbolizes how only OdysseusRead MoreCultural Role of Women in the Odyssey1025 Words à |à 5 Pagesà The cultural role of women in the Odyssey In Homerââ¬â¢s Odyssey the cultural relevance of a preferred womanââ¬â¢s role in society generally stands out in the roles of the female characters of Athena and Penelope simultaneously rejecting the negatively viewed characteristics of Calypso and Circe. The entire structure of Ancient Greek culture boasts its men in more superior roles than that of women. Greek society was largely built upon an idea that good women were only around to faithfully serve andRead MoreThe Aeneid and The Odyssey1324 Words à |à 6 PagesThe Odyssey and Virgils The Aeneid? There are many similarities that could be examined indepth. The lovers encountered in both plays can lead to the idea of ancient plagarism. The games held by the greeks and trojans are similar to the Olympic Games. The downfall of characters, cities or monsters can be seen often in many stories. Maybe rewriting history is the effort of a plagarist to cheat true historical events. The lovers Aeneas and Odysseus encounter in either the Aeneid or Odyssey is vast
Monday, December 23, 2019
Starbucks Social Responsibility And Ethical Practices
Starbucks is a company where social responsibility and ethical practices is one of their major concerns. Their mission statement that has laid out the guiding principles states that their guidelines of keeping people first and profits last will be a part of their culture and they try to live by them every day. These guiding principles and their mission statement has been in order of the company primarily because of the visions of Starbucks chair and founder Howard Schultz. The basic concern of Starbucks of social responsibility in its overall corporate strategy has a lot to do with the visions and goals of Mr.Schutz. His main aim is to balance social consciousness and profitability. He is true believer that ethical companies do better inâ⬠¦show more contentâ⬠¦Usually, companies mainly focus on their customers and investors, leaving out the employees who work hard for the company s benefit. This is a crucial issue for companies, because keeping the employees happy should be th eir top priority, which is the case for Starbucks. Starbucks believes that its employees is a large part of what sets it apart. Most of the companies do not provide the basic benefits for their employees who are a large part of the company s business, which was seen in the case of Schutz father who was not given any health benefits after his accident, which made it all the more difficult for him to work. Therefore, Schutz decided to consider the creation of a good work environment a top priority. He basically wanted to build the kind of company where his father never got to work for. The result of his vision is one of the best health-care programs in the coffee shop industry. He made sure that all the employees were offered a comprehensive benefits package that included stock option grants through Bean Stock , as well as health, medical, dental and vision benefits. This kind of employee benefit package is seen rarely in big companies, which makes it very unique for Starbucks for be ing able to provide such a high level benefits to its employees. 3.Do you think that Starbucks has grown rapidly because of its ethical and socially responsible activities or because it provides products and an environment thatShow MoreRelatedStarbucks Mission: Social Responsibility736 Words à |à 3 PagesCase 2, Starbucks Mission: Social Responsibility and Brand Strength on pages 319-326. Answer the questions at the end of the case, plus this question: In what other ways does this case relate to the concepts that we have learned in the chapters so far? 1. Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? Starbuck is concerned about its social responsibility because it is a very highly visible part of the companyââ¬â¢s ethical practicesRead MoreBusiness Analysis : Starbucks Cafe Practices1139 Words à |à 5 PagesEthical Sourcing Coffee On point that Starbucks is fully committed to is their one hundred percent ethically sourced coffee. From the Starbucks corporate website in relation to ethically sourced coffee: ââ¬Å"We take a comprehensive approach to ethical sourcing, using responsible purchasing practices; farmer support; economic, social and environmental standards; industry collaboration and community development programs. The cornerstone of our approach is Coffee and Farmer Equity (C.A.F.E.) PracticesRead MoreStarbuckss Corporate Social Responsibility1229 Words à |à 5 PagesStarbucksââ¬â¢ Corporate Social Responsibility In todayââ¬â¢s business world, companies have changed. Companies are looking to adjust to their business and community expectations by making changes in the technological machinery and devices they use to reduce the companyââ¬â¢s negative environmental impact. In order to sustain economic businesses, companies should not only concern about the financial benefits, but also ethic firms have to care about people, society, and the environment as well (Elkington 72)Read MoreStarbucks: Ethics in a Cup Essay1436 Words à |à 6 Pagesno regard to social, environmental, or economic responsibility. This worked for a time; profits were soaring in almost every business sector. Until the business world would be rocked by scandals at the start of the twenty-first century. The lack of business ethics in corporate America led to the worst economic downfall in America since the great depression. Today lawmakers, stakeholders, and consumers are demanding more ethical business practices, an d more social responsibility. Businesses thatRead MoreStarbucks Code Of Ethics1601 Words à |à 7 Pagesabout their social, economic or environmental responsibilities? Many companies/ organisations stand for great causes and give money to charity but, is there anything else going on behind the scenes? Today stakeholders and consumers demand business to take more social responsibility and business practices. With greater ethical practices companies are more likely to see an upward trend in profits, customer satisfaction and employee commitment. In this essay, I will be examining Starbucksââ¬â¢ code of ethicsRead MoreCorporate Social Responsibility1375 Words à |à 6 Pagesï » ¿Running head:( STARBUCKS) Starbucks Aneez Mohammed Columbia Southern University Starbucks. 1.Starbucks has worked hard to act ethically and responsibly. Has it done a good job communicating it efforts to consumers? Do consumers believe Starbucks is a responsible company? Why or why not? Starbucks opened up in 1971 in Seattle as the first Italian company in United States to have a coffee house for customers. The idea was to have a setting of Italian elegance, a personal treatRead MoreSocial Responsibility in Stakeholder Theory1509 Words à |à 7 Pages 2. Social responsibility in stakeholder theory 3 2.1 Why social responsibility? 3 3. Limitations 4 4. Case study examples: Starbucks amp; Nike 4 5. Conclusion 5 6. References 6 7. Appendixes 9 Appendix A 9 Appendix B 10 1. Introduction This report focuses on social responsibility issue focusing on stakeholder theory. Social responsibility will be introduced and defined based on stakeholder theory. Next, analysis on the importance and limitations of social responsibility willRead MoreThe Relationship Between Corporate Social Responsibility and Ethic at the Leadership Level of Companies1691 Words à |à 7 PagesWhat is corporate social responsibility (CSR)? According to the à ¡Ã ®Wikipediaà ¡Ã ¯ , à ¡Ã °Corporate social responsibility (CSR) is a company s obligation to be accountable to all of its stakeholders in all its operations and activities with the aim of achieving sustainable development not only in the economical dimension but also in the social and environmental dimensions.à ¡Ã ±(en.wikipedia.org/wiki/Corporate_social_responsibility retrieved:10/09/07); another definition is that à ¡Ã °CSR is about how companiesRead MoreStarbucks s Corporate Social Responsibility797 Words à |à 4 PagesStarbucks had been rank as one of the Worldââ¬â¢s most principled companies around the world (Ethisphere, 2013). As the people are holding the corporation to the highest ethical and social responsibility, these are becoming the expectation of their consumers. Having all these responsibilities in mind, Starbucks is striving to enact its own Corporate Social Responsibility, guidelines for bettering stakeholders in its communities (S tarbucks, 2013). Today the company not only focusing on the communitiesRead MoreThe Financial Impact of Corporate Ethics: Positive for Some, Not for All1059 Words à |à 4 Pagescontents Executive summary...1 Introduction...1 Changing attitudes towards corporate responsibility...1 Corporate responsibility and ethics...2 Case study: Starbucks...2 Conclusion...3 The financial impact of corporate ethics: Positive for some, not for all Executive summary This paper provides a general overview of changing attitudes towards corporate ethics, along with a specific case study of the Starbucks Corporation. Although corporations remain profit-making institutions, increasingly
Saturday, December 14, 2019
Being a Good Manager Free Essays
Scott Gallo Management 220 5 Commandments of Being a Good Manager It is clear that in todayââ¬â¢s world there are no very successful businesses that do not have a solid management. A manager is a position that has high importance and they help their respective companies run as smoothly as possible. Without this position it would take longer for things to get done because they are the executive position in the company, which means that they take care of the entire system and they do not worry about individual tasks in the workplace. We will write a custom essay sample on Being a Good Manager or any similar topic only for you Order Now Instead of doing all the work themselves they create the efficient way for a group of people to do it the fastest way possible. There is a countless number of characteristics that would help make the ideal manager but it is nearly impossible for a manager to cover all of them. The best managers use all the resources to make sure they have a plan and they have the fastest way of achieving it. After learning all of the characteristics, techniques and theories, I now know what I could do best to become a good manager. One thing that I found very important was to have cultural intelligence. Almost every business has a good amount of diversity and there has to be a way of dealing with that. Cultural intelligence basically means that a manager has to be able to come up with a response after dealing with a situation where the manager has to interpret unfamiliar gestures. It can be hard to understand someone because of a cultural difference but a manager has to see past that and be able to deal with the situation at hand. Adaption to other cultures becomes necessary if a job was acquired and happened to be in another country. Managers should be able to understand the local customs, norms and beliefs of the location they work in. Cultural intelligence includes the fact that you have to pick out clues from a situation or misunderstanding and be able to respond in an appropriate way. Another important thing that a manager has to have is a good code of ethics. This is something that should be initiated as soon as a new manager enters a business. A manager has to have good basic ground rules in the workplace before they can adapt into such a new environment. This concept sometimes has to do with the cultural diversity because a good code of ethics basically shows what is acceptable and what is not in the workplace. Planning could be the single most important thing a manager has to be aware of. Planning is the key to any success in a business. It is necessary for a manager to know the proper steps in planning. They include, developing a plan, then translating the plan, plan operations, execute the plan and monitor and learn. This is a strategic method to achieve goals effectively. Planning can be short term or long term depending on what best suits the future goals. Good planning will direct employees and help them perform efficiently. The planning along with being able to adapt to unforeseen problems, an operation should run very smoothly. Also, to exemplify a good manager, one would want to use strategic management. This means that means decisions are made to find out the best possible environment and plan to achieve the organizational goals. Top manager also look at rival companies to make sure they are up to par with everyone. Strategy always will change over time so a good manager has to be able to determine when the best time for change would be. As long as there is still competitiveness in the field then the manager is most likely happy. Lastly, decision making is an important asset in becoming a good manager. There are countless numbers of decisions everyday for a manager so it is important that the skill is performed at a high level. It is defined as a process of finding problems and opportunities and resolving them. Decision making is not very easy but it has to be done in all environments. It has to be done under changing factors and unknown information but good managers will succeed. Essentially, there are a countless number of characteristics that a manger should have but without main concepts nothing will ever get done. A manager should give direction to the organization, provide leadership, and decide how to use organizational resources to accomplish goals. How to cite Being a Good Manager, Papers
Friday, December 6, 2019
Comparing For Profit and Non for Profit Colleges free essay sample
Colleges and university have slowly become one of the stepping stones into the working world today. People go to colleges for higher education with the intention of earning degrees in which they can use in their respective fields. Some example degrees that people pursue are Medical, Law, Business, Accounting, and Science Degrees. Through the years the idea of college was that it was optional and it was a door for better life and job. However in the modern times, it become a necessity. It all started when the colleges once single- gender institutions target specific students in their respective demographics. Today, the college market has now been divided into two major categories: Not-for-Profit Colleges and For-Profit colleges. Not-For-Profit Colleges are institutions that are interested in serving the students needs by providing necessary education to the student. The Not-For-Profit organization are tax exempt and have a board of trustees that makes decisions. For-Profit Colleges are run like a business in which their goal is to generate income for their owners and shareholders. There are no board of trustees at For-Profit College and the owner and shareholders control the decision on which is best for the institution. Although the objective for both Not-for-Profit Colleges and For-Profit College is to provide their students an education in which they can use for their future, both institution have great differences in which their organizations are run. Although the primary objective For-Profit colleges is to provide an education, they are merely a business in which their goal is to earn a profit. Like any business, the For-Profit Colleges can be setup as a sole proprietorship, partnership, or even a subsidiary of a larger company. The For-Profit College can also be setup as a corporation that have stocks traded on the stock markets. They will try to bring earnings and a return on investment for all their shareholders and investors. They can have great flexibility because at the end of the day, the goal for the For-Profit College is to make money and only that. The instructors that are hired at For-Profit Colleges usually have a very different approach to their teaching compared to Non-For-Profit Colleges. Usually they are merely there to carry out the lesson plans in which was designed by the institution. Majority of the lesson plan given to each student is standard which means the instructors do not have the liberty to create their own curriculum or lesson plans. This is also due to the purpose of the education given is to assist the student in getting specific jobs with specific job functions. The courses at the For-Profit college is to help the students get better jobs in the market while the courses at Not-For-Profit College intend to allow the student learn and grow within their respective fields. Students that enter For-Profit colleges already have a plan in terms of type of jobs they would like to pursue and they enroll in the necessary courses while some students at Not-For-Profit College have no idea which career that they would like to pursue. Not-For-Profit college help you learn and gain the knowledge in the field that youre interested in while For-Profit colleges prepare you for the specific job that you want to do. The admission process for For-Profit schools are not as selective as the one in Not-For-Profit College. There isnt much prior evaluation of the student since their main goal is to make a profit. They tend to be more flexible in terms of their requirements and appeal to students of all ages and races. Modern day classes can be taken online and at more convenient times such as nights and weekends to accommodate students that work full time. Online has also been the new trend because of the lower overhead costs for the For-Profit institution. For-Profit institutions tend to not have a campus like the Not-For-Profit colleges do. For-Profit colleges classes is usually at their own building or leased space. There isnt any services such as on-campus food or housing that is available to the students at For-Profit institutions. The college provides students with the education that they need for their desire jobs rather than a college experience that a Not-For-Profit college can provide. For Profit institutions conduct their accounting the same as any regular business would do. Their main goal is to make a profit just like all businesses would do. For-Profit institutions must comply with the Federal Accounting Standard Board. The tuitions are recorded as revenue while the expenses include leases, staff, and maintenance expenses. For-Profit colleges budget system must include tools to forecast budgets, manage variance and generate financial reports. The budget forecast is designed to estimate revenue and expenses to its income center, administrative cost structure, and its academic schedule. The income center budget includes enrollments, revenue, and expenses by academic period. Administrative expenses include administrative costs per student and personnel pay ranges. The budget should also include financial report to show if the institution is profitable. Statements such as cash flow statements, net income, and balance sheet should all be included. The budget must also be flexible enough in case that their projections arent accurate. They should be easily accessible so that managers can routinely check if their performance is above, below, or even on target. To determine if the institution is on track with its budget and strategic plans, they would measure their six categories in their budget to get a better picture of the institutions performance. They are new students, enrollment, cost performance, revenue, net income, and cash flow. This way they would also be able to measure the efficiency of their institution also. The goal for Not-For-Profit Colleges is to provide students with higher education and help them advance in a particular field. Not-For-Profit Colleges are traditional college such as community colleges, state universities, and liberal arts colleges. These institutions gain funding to provide their services from the government subsidy, tuition fees, and donations. All the income that are received is strictly used for institution purposes. Some examples are professors, staff, maintenance, utilities, or even computers that the school needs and student needs. All the money is given back to the institution in some way. The professors hired at a Not-For-Profit College design their own courses and create their own course curriculum and lesson plan. They can provide the education in their courses with their own individual styles and lesson plans. The professors are under the guidance of the Board of Trustees, which is composed of different representatives that make decisions for the college. Not-For-Profit colleges are mainly to provide education for the student who are enrolled in their institution. The classes are usually on a campus in which the student spends a majority of their time at. The board of Trustees focuses on improving their campus for the student. The Board of Trustees is constantly making decisions from an academic, campus, and efficiency perspective in order to provide the best possible service for their students. Not-For-Profit Colleges select their students through a vigorous and selective process. Students usually express interest in attending the college and then the college decides if the student would be a good fit for the college. After being accepted, the student would be able to earn a scholarship to help with the room and board that the college charges. Not-For-Profit Colleges are selective of the students since they strive to serve students who would fit the reputation of the institution. This selective process allow college to focus on the needs of the students that are a good match for the college. From an accounting perspective Not-For-Profit colleges follow the rules of Governmental Accounting Standards Board who is responsible for Generally Accepted Accounting Principles used by the United States. The Governmental Accounting Standards Board issues statements that deal with the accounting principles and financial reporting rules of government and other Not-For-Profit organizations. Like all Not-For-Profit organization, these college contribute without expecting commensurate returns. Their main purpose is to provide education to the students that enroll in their school. Most of their income for these colleges come from the tuitions and fees they receive from their student. Other income comes from donation and government subsidies. When a Not-For-Profit College receives tuition payments and fees in full from students the college is supposed to record it at a gross amount, as any revenue would be recorded. If a student meets certain criterion that allows them to attend a publicly funded not-for-profit institution, tuition may be waived in the form of a tuition waiver. Tuition Waivers are reported as a contra-revenue account reducing the revenue account. If the college has any debts, they are recorded just as businesses record them as the debts are recorded with institutional support expenses. Students may pay for college with scholarships which are essentially amounts contributed for the education of a selected individual. Scholarships are given for a range of reasons including high academic standing, membership in certain societies, or awards. However there are two main sources of scholarships which are an outside donor or the scholarship is awarded by the college itself. If the scholarship is from an outside donor the not-for-profit college simply collects the amount receivable from the donor. If the scholarship is awarded by the college itself the accountant reduces the collegeââ¬â¢s accounts receivable. This reduction in the accounts receivable is recorded as an expense to education and general student aid. Certain expenses of a not-for-profit college are unrestricted net assets classified as instruction expense, research expense, public service expense, academic support, student services, institutional support, operation and maintenance of plant and student aid. Not-For-Profit Colleges cannot operate on tuition fees alone as all the money is immediately put into the school. Fortunately as a Not-For-Profit organization these colleges may receive governmental subsidies as support revenue. There are two types of government subsidies classified as unrestricted and restricted. Unrestricted subsidies are intended for the college to use in general operations. The Board of Trustees also has the power to decide whether a subsidy is unrestricted. Restricted subsidies can be split into either temporarily or permanently. These subsidies often are given for a certain purpose such as an expansion or special project. The restrictions on these subsidies refer to the amount that can be spent and when it can be spent. Sometimes the government may also provide students with grants, which are similar to scholarships in the sense that they are provided to help students reach their financial needs for school. Government grants can both be state or federal and come from government programs such as Pell or the Federal Supplemental Education Opportunity Grant. Similar to scholarships the college may either distribute the cash to the proper students or receive the amount that is to be distributed. If the college decides to receive the grant then it is recorded as a liability in the ââ¬Å"Grant Funds Held for Studentsâ⬠account. Not-For-Profit colleges usually also have an endowment fund which is used to help finance the operating expenses of the organization. Aside from the general endowment the institution may also have restricted endowments intended for specific purposes such as professorships, scholarships or fellowships. For cash received from permanent endowments it is recorded as a contribution and the income is restricted to student aid. Any income received due to an endowment is temporarily restricted and the cash is meant to be spent on student aid. The other services that a Not-For-Profit College provides are the Auxiliary Services. The Auxiliary Services are the services and amenities of the campus. Examples of such services are residence halls, food services and the college athletic teams. These services are classified under unrestricted revenues and expenses. The total of the accounts from the auxiliary services are reported on the Statement of Activities for the College and subsidiary records are also kept. The Statement of Activities for the Not-For-Profit College will usually list the Revenues combined with Total Net Assets Released from Restrictions for Operations to get the Total Revenues and Reclassifications. The next section is usually the Expenses section followed by any Net Change in Unrestricted Assets, Temporarily Restricted Assets and finally Permanently Restricted Net Assets. The Statement of Activities is then followed by a summary on the Change in Assets for the past year. Even though the main purpose of both For-Profit and Not-For-Profit is the same, the way that they function arent necessary the same. The accounting standards and rules that they follow both are very different. Also the rules that both colleges follow are extremely different. Both colleges have their strength and weaknesses in their way that they serve their students. The student should chose the type of college they want depending on what their needs are. If the student is looking to advance their education they should be looking for a traditional Not-For-Profit College. If they are trying to land a job that has technical skills which are required, then the For-Profit College is a better option.
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