Financial Management

Besides, Vittola contends war is fundamental, not just for guarded purposes, 'since it is legitimate to oppose force with force,' yet in addition to battle against the unreasonable, a hostile conflict, countries which are not rebuffed for acting shamefully towards its own kin or have treacherously taken land from the home country (Begby et al (2006b), Page 310&313); to "show its foes a thing or two," yet for the most part to accomplish the point of war. This approves Aristotle's contention: 'there should be battle for harmony (Aristotle (1996), Page 187). Nonetheless, Frowe contends "self-protection" has a majority of portrayals, found in Chapter 1, demonstrating the way that self-preservation can't necessarily legitimize one's activities. Much more dangerous, is the situation of self-preservation in war, where two clashing perspectives are laid out: The Collectivists, a totally different hypothesis and the Individualists, the continuation of the homegrown hypothesis of self-protection (Frowe (2011), Page 9& 29-34). All the more significantly, Frowe discredits Vittola's view on retaliation in light of the fact that right off the bat it engages the punisher's position, yet in addition the present world forestalls this activity between nations through legitimate bodies like the UN, since we have modernized into a generally tranquil society (Frowe (2011), Page 80-1). In particular, Frowe further disproves Vittola through his case that 'right goal can't be blamed so as to take up arms in light of expected wrong,' proposing we can't simply hurt another in light of the fact that they have accomplished something uncalled for. Different elements should be thought of, for instance, Proportionality. Thirdly, Vittola contends that war ought to be kept away from (Begby et al (2006b), Page 332) and that we ought to continue conditions strategically. This is upheld by the "final retreat" position in Frowe, where war ought not be allowed except if all actions to look for tact comes up short (Frowe (2011), Page 62). This implies war ought not be announced until one party must choose the option to pronounce battle, to safeguard its domain and freedoms, the point of war. In any case, we can likewise contend that the conflict can never be the final hotel, considering there is consistently a method for attempting to stay away from it, similar to approvals or mollification, showing Vittola's hypothesis is imperfect. Fourthly, Vittola inquiries upon whose authority can request a formal statement of war, where he infers any region can do battle, yet more critically, "the ruler" where he has "the normal request" as per Augustine, and all authority is given to him. This is additionally upheld by Aristotle's Politics ((1996), Page 28): 'a ruler is the regular prevalent of his subjects.' However, he really does later stress to place all confidence in the sovereign is off-base and has results; an exhaustive assessment of the reason for war is expected alongside th

Sample Solution

For my presentation on the financials of a chosen firm, I have decided to focus on Tesla. Tesla is an American electric vehicle and clean energy company founded in 2003 and headquartered in Palo Alto, California. First, I will discuss the financial statements used by Tesla and how they are linked to the basic accounting equation. The four primary financial statements that all publicly traded companies must report are the balance sheet, income statement, cash flow statement and statement of shareholders’ equity. These four documents provide information about a company’s assets (what it owns), liabilities (what it owes), revenue (how much money it brought in) expenses (how much money it spent) and shareholder equity (the total value of its shares). All these elements link back to the basic accounting equation which states Assets = Liabilities + Equity.(Business BalanceSheet & Accounting Equation 2021) I will then trace these statements back to the accounting equation so that investors can better understand how they work together as a whole. Starting with Tesla’s balance sheet: as per their most recent filing with the SEC, we see that their total assets account for $30billion while total liabilities amount to $18billion leaving shareholders equity at $12 billion – thus confirming our initial assumption that for every transaction made there is an equal but opposite effect on both sides of our equation.(Tesla Inc SEC Filings 2021) Finally, I will explain how two different types of accounting methods – accrual-based or cash-based –are being utilized by Tesla within their business operations; namely whether revenues/expenses are recognized when transactions occur or only when payments are received or made respectively regardless if those transactions occurred before after current period end date.(Accounting Methods Explained 2021). As evidenced through their latest 10K filing ,we can see that most items within this document have been recorded using accrual basis indicating reliance primarily upon this type method over cash-basis one although certain exceptions may still exist where appropriate such inventory purchases etc.. Therefore, overall, we can conclude  that Tesla predominantly utilizes accrual based approach in order stay compliant industry regulations while also aiming increase accuracy timeliness reported figures thereby reflecting true picture profitability performance going forward into future periods .(Tesla Inc 10K Filing 2021).