Two different business organisations Essay Example for Free

Two different business organisations Essay Introduction M1 Unit 1: Business Purposes Red Group 10A/Eb1 Asid Ashraf 10L Assignment 6 (M1) Scenario: The Editor has asked me to identify and research two different businesses in the area to help promote them to the local community. Requirements of M1: Contrast the ownership and purposes of two different business organisations. Task 6(a): Select two businesses to contrast (your choices must be checked and approved by your teacher). The two businesses are Tesco and Oxfam. Task 6(b): Use the same format for the table as shown below to contrast the two different businesses and add a summary at the end: Aspects of ownership Name of 1st organisation: Tesco Name of 2nd organisation: Oxfam Similarities Differences Ownership type Public Limited Company Charity The differences are that Tesco is a PLC and Oxfam is a charity. Middle Type of liability Limited liability for all shareholders They form the Council of Trustees, which is the governing body of the Association of Oxfam (a not-for-profit limited-liability company). The similarities of both organisations are that they are limited liability company. Control The directors appoint shareholders to control the day-to-day duties and responsibilities of the business. Oxfam have a number of trustees who control the organisation which are: Karen Brown, Chair Sandra Dawson, Vice Chair David Pitt-Watson, Hon. Treasurer Vanessa Godfrey James Darcy Maja Daruwala Andy Friend Rajiv Joshi Matthew Martin Marjorie Scardino Nkoyo Toyo Tricia Zipfel They have various duties and responsibilities for example some are executive directors, vice chairmen and CEOà ¢s. The similarities are that both organisations have control on the day-to-day duties and responsibilities. Each organisation have been appointed directors and CEOà ¢s. The differences are that both organisations have different types of control. Conclusion The differences are that Tesco are here to make a profit which is divided between their shareholders used for new shops and to save. Whereas Oxfam are  not due to being a non-profit-organisation. Number of owners 2 or more. Changing all the time as shares are bought and sold and the stock exchange. Oxfam do not have owners they have trustees who run the charity. They currently have 12 trustees. The similarities are that both organisation have people to run there Tesco and Oxfam. The differences are that Tesco have owners to run their business this is because they are making a profit. Whereas Oxfam have trustees to run their non-profit- organisation. and who do not get a share of the profit Summary: I have learnt that both organisations are very distinct this is due to having different organisation type, number of owners, control, capital and sources of finances. I also learnt that Tesco is a PLC and Oxfam is a charity organisation and that they have similarities and differences bet ween themselves. The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

The Picture of Dorian Gray Essay Example for Free

The Picture of Dorian Gray Essay The following essay will explore the character of Dorian Gray in Oscar Wilde’s novel The Picture of Dorian Gray. The idea of Dorian’s deteriorating morality will be emphasized in this essay and the juxtaposition of the character’s picture and his physical appearance will be a main component in the development of thesis of this essay. The theme of morality will be a major issue in this paper as it is through morality that Dorian has drastically declined into his stygian state. Oscar Wilde presents the reader with a very modern day novel, both in theme, place setting, and character development. The reader is introduced to Dorian Gray through Basil Hallward; the two characters are the crux of the novel’s actions. In fact the two characters, Basil and Dorian, although equally enthralled with each other at the start of the novel, become increasingly distance as the novel progresses and as Dorian finds himself in moral turpitude through the tutelage of Lord Henry Wotton Lord Henry looked at him. Yes, he was certainly wonderfully handsome, with his finely-curved scarlet lips, his frank blue eyes, his crisp gold hair. There was something in his face that made one trust him at once. All the candour of youth was there, as well as all youth’s passionate purity. One felt that he had kept himself unspotted from the world. No wonder Basil Hallward worshipped him (Chapter Two). In the first exchange between Dorian and Lord Henry, the theme of the novel, that of youth and its disappearance, brings Dorian to curse his portrait because it will only be a reminder of how beautiful and young he once was, and with this curse it is revealed to the reader how important the aspect of youth is to Dorian whose sole belief in himself rests with this characteristic. Within the theme of youth is the ultimate curse of Dorian, for it is within this context that he becomes a doomed ‘hero’ and therefore loses his love, his life, and in the end of the story, his youth. Thus, the item which he once treasured becomes his downfall. It is with this curse that is Dorian’s lamenting of the portraits everlasting youth, that Dorian offers his soul in exchange for the portraits youth to be transferred to him while the portrait bears the brutality of Dorian’s life. In a type of Faustian decline, Lord Henry introduces Dorian into a very debilitating lifestyle in which Dorian becomes absolutely enthralled. This new lifestyle is full of carnal pleasures and Dorian dives into it headfirst, exercising no judgment only the thrill of the moment, without regret, remorse, or reason at times (Baker 1969). Although this may be considered to be Lord Henry’s influence, Dorian embraces this lifestyle with fervor. It is Dorian’s choice how he lives, and even though it may be considered to have been a type of brainwashing, Dorian latches onto the ideals presented by Lord Henry in that first conversation in Basil’s house. In fact, the reason that Basil had admired Dorian, at least according to Dorian, is because of his youth and beauty. Thus, Basil in the act of painting Dorian reiterates this theme. The support for this thesis runs consistent for most of the interactions among the characters in the novel. In one of the first examples the reader discovers of Dorian’s changing portrait is when Dorian falls in love with an actress by the name of Sibyl Vane. However, the plight of these two lovers is that Dorian falls in love with Sibyl because of her acting abilities; the twist is that since Sibyl has fallen in love with Dorian she no longer believes she can pretend to be in love on stage and thus quits her acting career (Wikipedia). After this event, Dorian rejects Sibyl and breaks off their engagement, â€Å"He flung himself down on the sofa, and turned away his face. â€Å"You have killed my love,† he muttered. † (Chapter Seven). This is when the audience and Dorian see the first changes in Dorian’s picture; his picture, once full of youth, beauty and a hopeful innocence, now sneers. This is the first sign of decline and it is not seen on Dorian’s picture perfect face but instead is relayed to the audience through the portraits physiognomy (Brown p. 264). After this realization that Dorian’s curse has come true, Dorian seeks to make retributions with his moral fortitude and to make amends with Sibyl. Despite this last ditch effort, or even of the one chance Dorian has in the course of the novel to make reprimands, Lord Henry tells Dorian that Sibyl has killed herself and that he, Dorian, should take the suicide as a type of artistic triumph. Thus, Dorian is urged to live without regret or worse, with no remorse for his actions and involvement in the young girl’s death Yet it was watching him, with its beautiful marred face and its cruel smile. Its bright hair gleamed in the early sunlight. Its blue eyes met his own. A sense of infinite pity, not for himself, but for the painted image of himself, came over him. It had altered already, and would alter more. Its gold would wither into grey. Its red and white roses would die. For every sin that he committed, a stain would fleck and wreck its fairness. But he would not sin. The picture, changed or unchanged, would be to him the visible emblem of conscience. He would resist temptation. He would not see Lord Henry any more—(End of Chapter Seven). From this point in the novel and onwards, there can be no rescue of Dorian since this is taken to be the crossroads of the story. If Dorian cannot succumb to change his carnal lifestyle at the suicide, which he aided in, of his love, then there seems to be no hope for the young man and the rest of the course of the plot is full of Dorian’s revolting moral character and the constant influence of Lord Henry, and the gentle if somewhat absent depictions of Dorian as seen through Basil’s eyes. The story is very much like Faust because it is at the climax of the carnal lifestyle and its full meaning that Dorian has a change of heart and repents, but it is not until after Dorian has had his carnal lifestyle that this penance is shown. Dorian is conscious of his changing moral character and in this light, he seeks to hide his portrait in an upper room of his house where only he may see the changing and aberrant images transforming Dorian’s physiognomy. The catch in the novel however is that in the eighteen years of Dorian’s interaction with London society on a debasing character, the elite of society continual to accept him, despite his moral character because Dorian remains young and beautiful. While the fight between Lord Henry and Basil has occurred in the early stages of the novel, and it is obvious that Lord Henry has won, Basil nevertheless goes to Dorian’s house to confront Dorian about his flagging reputation in London society. While at Dorian’s house however, Dorian decides to show Basil his portrait of Dorian, and thus, the artist is confronted with how Dorian’s soul has been distorted through almost two decades of immoral living. Basil however is not put off by this effrontery and still begs Dorian to change his ways. The reader however knows that the time for change would have been with Sibyl, and if Dorian cannot change his character after her suicide, then all hope is lost. Basil still persists, and in a fit of rage, against himself, and for Basil having witnessed the truth of Dorian’s soul, Dorian stabs Basil to death The mad passions of a hunted animal stirred within him, and he loathed the man who was seated at the table, more than in his whole life he had ever loathed anything. He glanced wildly around. Something glimmered on the top of the painted chest that faced him. His eye fell on it. He knew what it was. It was a knife that he had brought up, some days before, to cut a piece of cord, and had forgotten to take away with him. He moved slowly towards it, passing Hallward as he did so. As soon as he got behind him, he seized it, and turned round. Hallward stirred in his chair as if he was going to rise. He rushed at him, and dug the knife into the great vein that is behind the ear, crushing the man’s head down on the table, and stabbing again and again (Chapter 13). Dorian’s goal in life now is to escape from guilt, which is a difficult task because only the guilty party has the ultimate power to induce remorse. After being confronted by Sibyl’s brother James Vane, and after James’ accidental death at a hunting party Dorian wishes to change his life. Dorian does not know how to repent his since without a complete confession of them and so fear causes him to be stagnant in his decision. In Dorian’s decision to confess his crimes, and yet not able to be plucky enough to do it, his portrait now reflects his intents to be hypocrisy. In this new vein of the story, Dorian, in yet another classic fit of rage, revenge, or helplessness, Dorian picks up the same knife he used to kill Basil and attacks his self-portrait. The story then goes to the third person narrative and the servants hear a loud crash and go to find out what the noise was, and when they open the door, the servants and the readers find that the portrait has been restored to its formal beauty and youth and that Dorian lies an old, disfigured man on the floor with a knife plunged into his heart. Thus, with Dorian’s final act of repentance, he is able to change that which he had cursed and traded his soul for in the beginning of Wilde’s story (Lawler Knott p. 390). This, as mentioned prior is the Faust aspect of the story, the change of heart of the protagonist after having fulfilled his pleasure and had his share of dark fun. Dorian’s character then consists of a youth who is innocence, then persuaded by Lord Henry to live only for pleasure, then after murdering Basil, and seeing his love’s brother killed, and after staring at the state of his soul in the portrait Dorian changes. It is this last that has the full affect on him; Dorian, faced with his true image, and the hate, jealousy, snide nature that has become him, becomes overwhelmed with truth and cannot believe the state of it, and thus, must cover up this last bit of evidence; he must kill himself. With this final act, the reader is faced with the ambiguous finding of whether or not through his actions Dorian was able to change what he had created through eighteen years of carnal pleasure seeking with his one act of retribution; stabbing his own self, after finally recognizing the evil that he had become. Is this guild-ridden remorse for fear of eternal damnation? No, it is in fact Dorian finally confronting his sins and paying the ultimate price for them by his own hand; and thus is his morality reversed in the act of the stabbing and the recognition of the symbolism of it through the human Dorian and the portrait changing their appearances. This proves that Wilde wrote this story in order for a degradation morality to have a chance of change, even at the last moment and failings of life. Dorian had thought himself beguiled by Basil’s own forceful praise of youth and then his introduction to Lord Henry who confirmed youth was the greatest prize; however, by the end of the story, Dorian has changed his morality into thinking that he is indeed responsible for his own actions through the course of his life and that with this responsibility and his owning of the action of stabbing himself, Dorian becomes purified and thus takes his true form. Work Cited Baker, H. A. Jr. A Tragedy of the Artist: The Picture of Dorian Gray. Nineteenth-Century Fiction, Vol. 24, No. 3 (Dec. , 1969), pp. 349-355. Brown, R. D. Suetonius, Symonds, and Gibbon in The Picture of Dorian Gray Modern Language Notes, Vol. 71, No. 4 (Apr. , 1956), p. 264. Lawler, D. C. E. Knott. The Context of Invention: Suggested Origins of Dorian Gray Modern Philology, Vol. 73, No. 4, Part 1 (May, 1976), pp. 389-398. Wikipedia. The Picture of Dorian Gray. Online Accessed April 19, 2007. http://en. wikipedia. org/wiki/Dorian_Gray. Wilde, O. The Picture of Dorian Gray Modern Library Classics, New York. 1998.

Effects Of Thermal Pollution On Aquatic Species

Effects Of Thermal Pollution On Aquatic Species The pollution is the biological, chemical or physical alteration of the water, land, or air that is harmful to living organisms, ocean waters and surface waters. The surface waters, such as lakes, rivers, streams, and underground aquifers can get affected in different way. They can get polluted in common way including human and animal wastes, pathogenic microorganisms, pesticides, and sediment. The water pollution can happen in industrial nations by wasting toxic metals, organic chemicals, pharmaceuticals, and acids. The human activities that can contribute to pollution are constructions, drilling, dam construction, salting of roads and driveways to melt the ice, waste disposal and agriculture. Sometimes even hot water can consider as a pollutant. The effects of water pollution follow the path of the waters as they trickle through soil, filter through rock beds, and flow down streams and river system, and into oceans. The excess amount of inorganic nutrients such as nitrates and phos phates or raw sewage pollutes lakes or ponds, algae and aquatic plants overgrow. As of the aquatic plants die, they fall in the bottom of the water and the bacteria and other microorganisms decompose the remaining of them and that uses up all the dissolved oxygen in the water and suffocating the other aquatic life in the lake or pond. Thermal pollution is the degradation of water quality by any process that changes ambient water temperature, which is associated with increase in water temperature in streams, lakes or the ocean due to the discharge of heated water from industrial processes. How does the water quality change? It changes when water is used in industrial and power plants as a coolant. Whenever it is used and returned to the natural environment, the temperature changes, because warmer water effluent creates a reduced oxygen supply in the environment and therefore it affects aquatic ecosystems. Whenever the power plants are opened or shut off for repair, the fish and other aquatic species, cannot adapt to sudden changes in temperature and they are killed by thermal shock. In addition to harming aquatic life that cannot tolerate the warmer water, the warmer temperatures lower the amount of dissolved oxygen. The elevated temperature decreases the dissolved oxygen in water and this harms aquatic animals by increasing the metabolic rate of aquatic animal due to increased enzyme activity, which results in increase in food consumption within organism shorter period of time. Sometimes this results in disruptions of the food chain and decrease in biodiversity. The higher water temperature can also result in increases in aquatic plant growth rates, shorter lifespan and over population of the species. Algae blooms also reduce oxygen levels. The higher temperature denatures the life supporting enzymes by breaking disulphide and hydrogen bond in enzymes structure, which results in the inability to break down lipids which leads to malnutrition. The heated water has multiple effects on the nearby ecosystem. The warmer temperatures increase the ability of plants to photosynthesize, which may spur an algal bloom. It also increases the stress on plants and animals in the water. The temperature changing harms the fish and other aquatic organisms in many ways. The fish and invertebrates are ectotherm s; where they are cold blooded animals, which are slow moving, slow growing and adapted to specific water temperature. This warmer temperature speeds up their metabolism, which harms their ability to survive and reproduce. The native fish like trout may lose their ground while nonnative take place instead of them. All these power plants have different types of cooling systems, which is easiest and cheapest cooling method, where cool water is withdrawn from a nearby water body and hot water is returned to the same water body. Soon as the system is by far the most environmentally destructive, the closed cycle cooling reuses the cooling water so that the waste heat does not leave the plant, but still excess heat is released into the atmosphere from the plant towers. The nuclear energy is the No 1 source of the free electricity which provides 20% of the United States electricity. There are 437 nuclear power plants are in operation and 55 are under construction worldwide. Those 437 plants have a net capacity of about 371 GW and the 55 will have capacity of 51 GW to generate the energy. The 20% of the electricity is provided by 104 reactors in whole United State, where 35 of the reactors are boiling water reactors and 69 of them are pressurized water reactors. In the boiling water reactors, 14 of them are one reactor; 9 of them are two reactors and 1 has three reactors. For the pressurized water reactors, 15 of them are one reactor, 24 of them are two reactors and 2 of them have three reactors. There are 32 companies which are licensed to operate the nuclear reactors in United States. As of the 2009 records, 8 of the states have 31 reactors and those states generate largest percentage of the electricity. The Vermont state has generated largest perc entage of the electricity in 2009, which was 72%, then 2nd largest comes to New Jersey 55.1%, following Connecticut 53.4%, South Caroline 52.0%, Illinois 48.7%, New Hamphshire 44.1%, Virginia 39.6% and at last in 8 state Pennsylvania with 35.1%. The United States largest nuclear plant is located at Palo Verde in Arizona. That plant has 3 reactors which generates 1,311 MW, 1,314 MW, and 1,317 MW for a total of 3,942 megawatts. On the other side Uniteds smallest nuclear power plant is at the Ft. Calhoun in Nebraska with 1 reactor and capacity of the 482 MW of generation electricity. In the time line the newest nuclear power plant that was built was in June 1996, in Tennessee. This plant is called Watts Bar 1, which is located in the spring city, and the capacity for generation if 1,123 MW. From 1990s to 2000s there have been 4 other plants have been built, which are in August 1993, the Comanche Peak 2 with capacity of 1,158 MW and in 1990, the Comanche Peak 1, with capacity of 1,209 M W. The other 2 were in August 1990, the Seabrook 1 in New Hampshire with 1,244 MW capacity and in January 1990, Limerick 2 in Pennsylvania with 1,134 MW by Exelon Corporation. The oldest operating nuclear plant is Oyster Creek in New Jersey, operating license since April 1969. The nuclear reactor is a device to initiate, control and sustain a nuclear chain reaction. The most common use of it is in generation of electrical power and to transport the power. The nuclear reactor is usually involves heat from the reactor chamber to power steam turbines. These reactors are made by 4 major manufacturers. The reactor manufacturers are GE Hitachi Nuclear Energy, Westinghouse, AREVA NP and Asea Brown Boveri/Combustion Engineering (ABB-CE), where ABB-CE is the worldwide nuclear business company. As of the generation capacity by all the nuclear power plants in United Nations 20.2% or 798.7 billion kilowatt-hours (bkWh) of the total U.S. electricity and 14% or 2,560 billion kilowatt-hours of the worlds electricity in 2009. In comparison to other sources, 1,000 MWe reactors has 90% of amount of electricity has generated in 1 year. The generated electricity is 7.9 billion KWh, which is good for 740,000 households. To generate that much amount of energy by other fuel sour ces, it would require 13.7 million barrels of the oil or 3.4 million tons of coal or 65.8 billion cubic feet of the natural gas. As of the plant performance the South Texas Project 2 in Texas has generated of 11.8 billion KWh in 2007 with most electricity generation record and the longest operating period between refueling goes to LaSalle 1 from Illinois in February 2006 for 739 days. Oyster Creek, Hope Creek, Salem Nuclear Power Plant Figure : Oyster Creek Nuclear Generating Station.The Oyster Creek Nuclear Generation Station (OCNGS) is oldest operating nuclear power plant in United States, which is located in Forked River in the Lacey Township, in New Jersey. This plant is spread out in 700 acres of the land and build by Burns Roe, Inc. and owned by the Exelon Corporation. It is one of the four nuclear power plant unit in New Jersey. The other 2 units are at the Salem Nuclear Power Plant, and the Hope Creek Nuclear Generating Station. The OCNGS plant was built in 1965 and started power generating in December, 1969 with a license to work for 40 years, but in 2009 the license was extended for another 20 years by The Nuclear Regulatory Commission. The plant draws its cooling water from Barnegat Bay, and dumps the water into the Atlantic Ocean through Barnegat Inlet. The Nuclear Regulatory Commission (NRC) issued the license for first 40 years on the basis of the economic and antitrust considerations, but not techni cal limitations (Peter N. Tabbot M.P.H. and Mark G. Robson, M.P.H. September 2006). The OCNGS has a capacity of producing 619 MWe, the total power generated in 2007 was 5077 GW-h and from last 5 year average generation capacity is 5042 GW-h by using a boiling water reactor (BWR). This power plant has generated 4.9 million MWh with capacity factor of 91% and served 600,000 homes as of 2009 record. Each day the OCNGS uses 1.3 billion gallons of Barnegat Bay Water for its antiquated cooling system, which is 2.2% of the total volume of the bay per day and over 790% of the bay per year (CITATION). When the plant automatically shuts downs for safety reasons, fish gets killed due to lack of warm water that input into the bay. In 2002, 5,876 fish were killed, and plant was fined $1 million, where as in 2006, only 80 fish died; 2007 another 5,304 were killed, and the plant was fined $67,859 and in 2008, 38 fish died in following a shutdown. These cooling towers should prevent these fish kil ls that is causing by higher temperature and somehow reduce the higher temperatures near the plants current discharge area back to normal. This plant has approximately 700 employees, which their payroll is around $53 million in 2003 and $63 million in 2009 also where the property tax for 2009 was $2.4 million. This plant has increased output associated with 1034 jobs in New Jersey and 915 jobs in Ocean County. This plant has sponsorship the united way of Ocean County by contributing more than $277,000 in 2009 and counted as largest employee run campaign in Ocean County. The plant intakes and discharges 1.4 billion gallons of the water on daily basis, and it taken in at a speed of 1-2,000 cubic feet per second, which is the force of medium sized river. The giant sucking action brings the assortment of the smaller aquatic life that flows through the grate and gets killed in the process of the cooling the reactor, which is called as entrainment. Where the larger aquatic life such as st riped bass, white perch and endangered sea turtles, gets pinned on the grate and often die, or seriously gets injured by the rush of oncoming water, which is impingement. This plant has developed a record of killing sea turtles in last ten years from 1992 to 2000, 17 sea turtles and 6 sea turtle mortalities. In September 2002, the plant has largest fish kill since 1985, they has over half a million fish dead, due to plant operators fault. They had failed to turn off the dilution pumps during emergency shut-downs and allowing millions of gallons of the hot water to enter the creek and bay. The modern pollution controls require them to install a closed cycle cooling system, which draws water into the plant for cooling, re-circulates and expels the heat through cooling towers. This system reduces the water intake and discharge by 95%, saving 13 million fish and shellfish and a loss of tens of millions additional larvae annually. It also eliminates the fish kills caused by thermal shock from the discharge, stop the dumping over 365 tons of toxic ware into the bay annually. The NJ DEPs current draft permit for oyster creek does not require the plant to install a closed cycle cooling system. But they have gotten 3500 acres of wetlands for restoration for fall back option as the alternative way. Figure : Salem Nuclear Power Plant. Figure : Hope Creek Nuclear Generating Station. The other three nuclear power stations are located in Lower Alloways Creek Township, New Jersey in United States. Those all three plants owned by PSEG Nuclear LLC and Exelon Generation LLC. Two of the power stations are called Salem Nuclear Power Plants, which are pressurized water reactor nuclear power station and the other one is called a Hope Creek Nuclear Generating Station, which is a thermal nuclear power plant. These three plants share an artificial island in the Delaware Bay. As of the 2004 record, the plants have paid $1.23 million in property taxed to Lower Alloways Creek, accounting for 55% of the townships $2.25 million property tax. The plants have expenditures in the four counties surrounding the plants totaled more than $170 million in 2004. The labor has represented $145.5 million, the goods and services represented as $24.7 million. These spending within region represents, around 27% of the plants total spending of $617 .8 million and 66% of the $256.3 million spent in New Jersey and Delaware (Nuclear Energy Institute September 2006). The Salem Nuclear Power Plant has two units, which were started in 1977 and 1981 and those two plants have a combined capacity of 2275 MWe. The unit 1 is licensed to operate until August, 2016 and unit 2 is licensed to operate until April, 2020. The PSEG have applied for a 20 year extension of license for both of these units. The technical problem made the Salem Reactors to shut down for two years in 1990s. They had found several difficulties, including leaky a generators, and unreliable controls on the reactor. In 2004, the Nuclear Regulatory Commission revised the oversight of this plant and ordered authorities to increase the monitoring overnight. Those plant uses more than 3 billion gallons of the Delaware Bays water every single day for cooling, replacing the closed cooling system. The Hope Creek Nuclear Generating Station which is thermal nuclear power plant wa s established in 1986, and it has license to operate the plant until April, 2026. It also has applied for a 20 years extension for license renewal. This plant has producing capacity of 1059 MWe, and in 2007 it has produced 8104 GW-h, where it has average of 7528 GW-h in last 5 years of energy production. This is the plant has the cooling towers, which is designed to remove the heat by pumping water up into the tower and allowing it to fall down inside the tower. Soon as the heat passes the water, it exchanges the some of the heat and evaporates some of the water. The evaporated flows out the top of the tower and form of a fine cloud like mist, where the cooled water is collected at the bottom of the tower and pumped back into the plant for reuse. This kinds of cooling towers are used where the land and water is expensive and where the state of federal regulations make alternatives impractical. The New Jersey has been ranked 10th in nuclear capacity and 9th place in nuclear generatio n in 2008. Effects of the Nuclear Power Plants The discarded radioactive materials from nuclear submarines and military waste have been a major source of radioactivity in the oceans. Those discarding materials have caused fatal harm to marine life, and it has also entered the food chain as some organisms like shell fish concentrate radioactivity in their bodies which are later consumed by humans. The pesticides like DDT and PCBS can enter the oceans through city waste water and industrial discharges from farms and forests. The Thermal pollution is when high or low temperature water is discharged from an industrial source. The difference in temperatures can kill corals and other sensitive marine organisms that are not developed to handle the different temperatures. The Thermal discharges of unused heat from fossil fuel or from fission in the nuclear fuel constitute another kind of environmental impact. Thermal effects in biota include problems with reproduction, growth, survival of larval forms, juveniles and adults. Regulatory ag encies establish water temperature standards to govern heated discharges from the power plants to prevent catastrophic kills to occur, or thermally induced demise of aquatic populations. Fish, plankton and benthos are all affected at various degrees by thermal discharges from power plants. Other environmental impact common to all nuclear power plants are the highly visible transmission lines associated with the generation and distribution of electricity. Underground cables are not yet an economically feasible solution for most cases of transmission of electricity. Radioactive effluents released from nuclear power plants are, however, the main object of monitoring and control to minimize exposure of the public to ionizing radiation. Another effect of the nuclear power plant would be acid rain. The acid rain is the slightly acidic, with the pH of 5.6 of lower, which is due to small amount of carbon dioxide in water droplets to form mild carbonic acid. The other steps which lead to acid rain is the sulfur dioxide and nitrogen oxides released into the atmosphere primarily by nuclear power plants and metal ore refineries. All these oxide gases then react with water vapor to produce sulfuric acid, nitric and nitrous acid, which dissolve in the water droplets, and then combine with normal droplets and form into raindrops, in this case count as acid raindrops. In the Northeastern United States, have very low buffering capacity, therefore if the rainfall is acidic the most rocks and soils have increased their acid levels by 5 to 10 fold in the past few decades. The acidic soil lover the pH of the streams those flow over them, and the Environmental Protection Agency has reported in 2000, that approximately 580 of the str eams in the Mid-Atlantic coastal plain were found to be acidic including 90% of the streams in the Pine Barrens of New Jersey and that was highest percentage in the nation. This combined acidity has lowered the pH of some lakes around 5.0 and even Little Echo Pond in Franklin, New York got lowered until pH of 4.2 in the Northeastern United States. Effect on the Ocean mammals Figure : The Green Turtle.The Green sea turtle is the larger sea turtle with binomial name Chelonia mydas from Cheloniidae family with only species in the genus Chelonia. It is the endangered species listed by IUCN and CITES. It is with low, broadly oval carapace and small head with one pair of pre frontal scales that are unique to them. Their shell length ranges from 36-43 inches and weights average between 200-300 pounds. They evolved more than 150 million years ago, and they spend entire lives in the sea, even more then come to the surface to breathe, and remain underwater for several hours for resting. They inhabit warm, tropical and subtropical waters, they migrate northward as temperature increase in the late spring, and stays there until late fall. Their nesting occurs in warm temperate and subtropical regions on open sandy beaches above high tide mark in front of well developed sand dunes. As of the Harold Haines and William Kleese, the scientist from the Miami, Florida, prov ed that the role of water temperature in the induction and maintenance of a dermal herpes virus infection (gray-patch disease) of young, green sea turtles, which influence of other recognized stress factors were negligible. In their research the animals that were subjected to a gradual increase in water temperature from 25 to 30C and a subsequent decrease to 25C, where they were maintained, had a period before onset of clinical signs and severity closer to that of control animals. In their findings they indicated that both the induction of clinical gray-patch disease and the severity of the lesions are affected by water temperature and suggest that one possible means of control of this herpes virus infection under intensive aquaculture conditions might be water temperature manipulation. The endangered Kemps Ridley, Atlantic Green and Loggerhead turtles are killed each year as they are attracted to the warm water and then sucked toward death on the fooling system intake. The manatees, the large, fully aquatics, and mostly herbivorous marine mammals, which sometimes known as sea cows. They eat over 60 different plant species such as mangrove leaves, turtle grass, and types of algae, using their divided upper lip. The adult manatee eats around 10% of their body weight per day and especially small amounts of fish from nets. They have very few natural predators, like sharks, crocodiles and alligators over time to time. The main causes of their death for sea cows are human related issues, human objects, habitat destruction and natural causes such as disease and temperatures. Another main natural event and unpreventable cause for the manatees death would be red tide which is proliferation of tiny marine organisms knows as dinoflagellates. Figure : phytoplankton.The phytoplankton is the autotrophic component of the plankton community. They are too small to see it with naked eye, but if they are in higher numbers, than it can appear as green discoloration of the water due to presence of chlorophyll in their cells. The Phytoplankton obtains energy from the process of photosynthesis, also it accounts for half of all photosynthetic activity on Earth. The effects of the elevated water temperatures and residual chlorine at a coastal nuclear power plant on the biomass and productivity or periphyton and phytoplankton, but not productivity was significantly lower in the outlet region than in the intake region. The phytoplankton is the key food item in both aquaculture and mariculture, where both utilize phytoplankton for the feeding of the animals being farmed. In mariculture, the phytoplankton is naturally occurring and is introduced into enclosures with the normal circulation of seawater, where in aquaculture; the phytoplankt on must be obtained and introduced directly. The phytoplankton is used as a food stock for the production for rotifers, which are in turn used to feed other organisms, and also used to feed aquaculture molluscs. The species made of only one or few cells, the phytoplankton is the responsible for 50% of the primary productivity on the earth. Waste Product of the Nuclear Power Plant Figure : Decay in radioactivity of HLW.The waste product of the nuclear power plant is the radioactive waste. The radioactive wastes are very small relative to the waste produced by the fossil fuels and other sources. This waste product is containing radioactive material, which is the product of the nuclear fission, which comes from not directly connected to the nuclear power industry. The waste that has been produce diminishes over time, so in principle to that that material needs to be isolated for long time to no longer pose a hazard. The waste can be generally classified either low level or high level. The low level radioactive waste considers as highly radioactive part of nuclear reactors and waste from medical procedures, which comparatively easy to dispose and relatively small half life. The high level radioactive waste is material from the core of the nuclear reactor or from nuclear weapon. Most of the high level waste emit large amounts of radiation and have really long half lives. The radiation coming of the radioactive waste exposes the human and that can cause about 1% of all cancers, which increase cancer risk by 0.002% of reducing the life expectancy. Each year the nuclear power plants produces the 200,000 m3 of low level waste and about 10,000 m3 of the high level waste products including fuel as waste. 1000 MWe of the light water reactor generates about 200-350 m3 low level waste per year, it also discharges about 20 m3 of used fuel, which corresponds to 75 m3 disposal volume. Where the used fuel is reprocessed only 3 m3 of glass is produced, which is similar to 28 m3 of disposal canister. All this compares with an average of 400,000 tons of ash produced from coal, plant and other power sources of the same power capacity.

The Importance of Grading in Education Essay -- Education Tests

Students entering college for the first time look forward to the numerous tests that they are required to take least of all. Test taking and college are in tandem for many, but some debate that using testing as a grading system should be discontinued in universities. In theory it sounds like a great idea. It would cut back on stress and, more than likely, class time as well. However, stopping testing as a form of grading in universities would be soon regretted. Grading systems are an essential part of any education. Tests insure that that the student is learning what the teaching is teaching and identify areas that may need improving. The results from grading systems also show future employers or schools a glimpse of the kind of worker that a student will be. The numerous lists of positive effects on not only the students but the teachers, and even the university as a whole, outweigh the cons of using testing as a grading system. One of the reasons that grading systems should be required is to ensure that each student has retained the information that is being taught. Diane Ravitch agrees with this statement in her essay â€Å"In Defense of Testing.† Ravitch says, â€Å"They [test] protect us†¦from inept drivers, hazardous products and shoddy professionals.† (139). Ravitch is saying that test as a form of grading help to ensure that each person is knowledgeable in the field that they are in and give people a sense of security when they must put their trust in such professionals. There are many basic classes that are required for each major depending on the university that one attends. It is essential that the information obtained during these courses is kept in case a need arises for it in a future career. If the grading system is taken ... ...o focus solely on that which they are aware of misunderstanding. This saves valuable time for both teacher and student. It also helps employers save money by only hiring those who they know have a history of good work ethics. The arguments against grading systems are bountiful despite the obvious flaws. Test as a grading system in universities should be continued because, although the opposing view brings to light many valid points, discontinuing the current grading system would cause more problem than it would solve. Works Cited Goodman, Paul. â€Å"A Proposal to Abolish Testing.† Forming a Critical Perspective, Ed, Ann Spurlock. 1st. Boston, MA: Pearson Learning Solutions, 2010. 191-193. Print. Ravitch, Diane â€Å"In Defense of Testing.† Forming a Critical Perspective, Ed, Ann Spurlock. 1st. Boston, MA: Pearson Learning Solutions, 2010. 194-195. Print.

Analysis of Russia Federation Essay -- International Government

ANALYSIS OF RUSSIA FEDERATION Russia is a developing democracy government that uses hard and soft powers to navigate the tradition of the ever evolving landscape of a new democracy. According to Kegley and Blanton, soft power is defined as the â€Å"ability to exercise international influence that is increased when a country’s values and conduct are respected throughout the world†. Also define hard power as the ability to exercise â€Å"international influence by means of a country’s military capabilities†. Smart power is another layer of a combination of hard and soft power that for this article will be left out. In reviewing the applications of where and how the power is being used in Russia, the levels of analysis will help to clarify each level of government’s powers hard and soft. At the International System level of analysis one for Russia the Non-Government Originations and the Government Organizations the government organizations are higher. Russia as an international power based on our text is bipolarity. Russia in recent years has join alliances with Brazil, India, and China this alliance is called BRIC. This alliance would be a hard power to help each of these states to have a greater influence on the global policy future and the international economy (Kegley and Blanton). Also, based on research for the failure rate of multinational organizations expanding in Russia is due to the differences in culture and the corrupt business system of bribery especially of the local business owners. The local business owners hold most of the natural resources from the government communist democracy sell off (Fay and Denison). NGO’s have experience some limited success in the area of human rights. Based on the history of Russia i... ... Effectiveness: Can American Theory Be Applied in Russia? Carl F. Fey and Daniel R. Denison Organization Science , Vol. 14, No. 6 (Nov. - Dec., 2003), pp. 686-706 Published by: INFORMS Article Stable URL: http://www.jstor.org/stable/4135128 Foreign Assistance, International Norms, and NGO Development: Lessons from the Russian Campaign Lisa McIntosh Sundstrom International Organization , Vol. 59, No. 2 (Spring, 2005), pp. 419-449 Published by: The MIT Press Article Stable URL: http://www.jstor.org/stable/3877910 Hard and Soft Power WP 283,286 Chipman, J. (2011) Prospect Magazine, Who holds the power. Issue 190,14 December 2011. http://www.prospectmagazine.co.uk/2011/12/who-holds-the-power/ http://www.state.gov/r/pa/ei/bgn/3183.htm#profile Glenn E. Curtis, ed. Russia: A Country Study. Washington: GPO for the Library of Congress, 1996.

The Prime of Miss Jean Brodie by Muriel Spark Essay -- Education Educa

The Prime of Miss Jean Brodie by Muriel Spark Miss Brodie fails to be a good teacher because she teaches on her own accord, gives her students wrong impressions, and displays unprofessional behavior towards her staff and pupils. As a schoolteacher in Edinburgh during the 1930’s there were many rules and regulations that teachers had to adhere to in order to successfully feed the minds of their young pupils. Schoolteachers had more of a responsibility during this period than today because school was the only source of information and education that people could receive. Due to this fact, the government set strict policies and curriculums (and still do) that teachers must follow so that students could grow up to become well round individuals. Miss Brodie seemed to side step, insult or simply ignore some of the curriculum that was given, and teach her students on her own conditions. An example of this is when Miss Brodie is telling the girls that she and Miss MacKay have a radical difference in their principals of education. Miss Brodie has told Miss MacKay that the girls will be equipped with the necessary information needed to pass the end of term exams. After she says this to the headmistress, Miss Br odie says to the girls:   Ã‚  Ã‚  Ã‚  Ã‚  I trust you girls to work hard and try to scrape through (the exams), even if you learn the stuff and forget it the next day. This statement is telling the girls that she does not believe in the required curriculum and she wouldn’t care if they have forgot it after their exams. She only wants the girls to study of these exams so that she can have an excuse to boast to Miss MacKay, seeing the girls do well in them is not her primary concern. Another example of Miss Brodie teaching on her own accord was her lesson under the Elm tree where she told her students about her holiday in Egypt. It is evident that Miss Brodie is pretending to teach her students but trying to make it quit believable for all who look upon her shaded class when she says to her students: Hold up your books, prop them up in you hands, in case of any intruders, we are doing out history lesson†¦our poetry†¦English grammar. Although Miss Brodie’s lessons were somewhat educational and her students learnt new concepts and ideas, the schools during that time would not allow â€Å"freestyle teaching† because it made the students too reprehensive. By sett... ...f lust with Mr. Lloyd only creates a poor image for the students to have of her. Miss Brodie’s hostility toward Miss MacKay also demonstrates her inability to maintain a professional manner. She is constantly telling her students indirectly the she does not like Miss MacKay through various tactics. When Miss Brodie lashes out to Miss Mackay for trying to make her resign, she makes matters worse for herself because is only creates more tension and frustration between the two teachers. Miss Brodie unprofessional manner and inability to maintain her lust gives good reason for why she is a poor teacher. As a person, Miss Brodie does have many positive qualities that she seems to have used in the classroom. Her students did take interest in her teaching, but only because they were so different from what they were used to. Miss Brodie was a very smart and well-traveled woman, which was another positive aspect that she brought to her classroom. However her inability to teach the given curriculum, giving her students wrong impressions, and her numerous affairs and arguments with the staff leads one to believe that even though Miss Brodie was in her prime, she was still a poor teacher.

Oil and Gas Accounting Essay

If operation is conducted under Lease or concession agreement, it is unlikely that the contract would contain provisions that would permit cost recovery of these costs If the operation is conducted under a psc or risk service agreement, the contractor may be permitted to recover G&G related expenditures incurred after license acquisition and possibly G&G costs incurred before license acquisition Support equipment and facilities Cost of acquiring support equipment and facilities should be capitalized Any related depreciation or operating costs become an exploration, development or production cost, as appropriate. Entries: Db G&G expense –depreciation Cr Accumulated Depreciation Db G&G expense-operating costs Cr Cash Reprocessing Seismic How to account for cost of re-evaluation or reprocessing of the data? If the reprocessing relates to the search for oil then it should be accounted for according to SE provisions regarding prospecting and nondrilling exploration costs. If the purpose is to determine how best to develop the reserves in the field, then they should be capitalized as development costs. License acquisition costs Costs of evaluating business environment, signature bonus, negotiating, etc should be capitalized Entry: Db Intangible assets-unproved property Cr Cash Development and production bonuses If the payment is actually a deferred signing bonus, the appropriate accounting treatment is to capitalize the development bonus as a license acquisition cost. Accrue once the operations are apparently proceeding to the development phase. Entries: To record signature bonus: Db Intangible Assets – unproved property Cr Cash To transfer unproved property costs to proved due to commercial discovery: Db Proved property Cr unproved property To record accrual of production bonus: Proved property Cr production bonus payable To record payment of production bonus: Db Production bonus payable Cr Cash Internal costs relating to acquisition Can allocate capitalized costs to individual licenses acquired, on an acreage basis or an a potential licenses basis Costs of carrying and retaining unproved properties Costs relating to maintaining unproved properties be charged to expense as incurred Ex: delay rentals paid on lease mineral properties until specified work is commenced, property taxes, accounting costs, legal costs Impairment of unproved property Impairment has occurred if there is some indication that the capitalized cost of an unproved property is greater than the future economic benefits expected to be derived from the property. Under SE, loss should be realized. Negative G&G data and dry holes would typically suggest that part of the property’s historical cost has expired and impairment should be recognized Db Impairment expense Cr Allowance for impairment FASB permits impairment of individually insignificant properties on a group basis. Apply the impairment percentage to the total cost of the group of individually insignificant unproved properties. This determines the desired balance in the allowance for impairment account. Next the difference between the current balance and the desired balance is recognized as impairment expense. Entry: Impairment Expense Cr Allowance for impairment, group basis Abandonment of unproved property Full abandonment: When an individually significant license area is abandoned, its net capitalized acquisition costs should be charged to surrender and abandonment expense Ex: Db Surrender and abandonment expense (equal to acquisition cost) Db Allowance for impairment (balance) Cr unproved property Partial Abandonment or Relinquishments If the partial abandonment reflects a diminishment in the company’s assessment of the future economic benefit of the property, then the entire  property should be assessed for additional impairment. Unproved property classification An unproved property should be reclassified to a proved property status if and when commercial reserves are discovered on the property. Ex: Db Tangible Assets- proved property (acquisition costs) Db Impairment Allowance (balance) Cr In tangible assets- unproved property Sales of unproved property If the property was individually significant, a gain or loss should be recognized on the sale. Ex: Db Cash (sale price) Db allowance for impairment (balance) Db/Cr(gain or loss) Cr unproved property If the property was individually insignificant, a gain should be recognized only if the selling price exceeds the original cost of the property. Loss recognition is not allowed. CHAPTER 5 Accounting for Exploratory Drilling and Appraisal Costs Under SE, general nondrilling exploratory costs are to be charged to expense as incurred; exploratory drilling type costs are initially capitalized. Exploratory Well- well drilled to find and produce oil or gas in an unproved area to find a new reservoir in a another reservoir or to extend a known reservoir. Stratigraphic test well- drilling effort to obtain information pertaining to a specific geological condition. â€Å"Exploratory type† if drilled in a proved area, â€Å"development type† if drilled in a proved area. Exploration well- well drilled to discover whether oil or gas exists in a previously unproved geological structure Appraisal well- well drill to determine the size, characteristics, and commercial potential of a reservoir by digging an exploratory well. Classifying Drilling costs Separate intangible drilling costs (IDC) from equipment costs. IDC deducted in year incurred for US tax law. Equipment costs may be depreciated over 7-10 years. Besides tax purposes, distinction has no significance Targeted Depth When evaluating after drilling : if commercial reserves have been discovered, the drilling in progress account balances are transferred to another type of  asset account that will be subject to depreciation The first successful exploratory well’s cost will be reclassified from an unproved to a proved property account If well is unsuccessful, plug and abandon hole and charges these costs to dry hole expense, net any equipment salvaged from well. If the license area is also relinquished, the net carrying value must be written off. Capitalized G&G SE- G&G costs are to be charged to expense as incurred. Current methods may capitalize 3D and 4D seismic methods used to determine drill sites. Time Limit on exploration and evaluation or appraisal costs In order for cost to be capitalized in SE, there must be identifiable future benefit. IF an exploratory wwell has found oil reserves in an area requiring major capital expenditure to be classified as proved. In this case, the cost of drilling the exploratory well shall continue to be carried as an asset as long as 1. The well has found a sufficient quantity of reserves to justify its completion and 2. Drilling of the additional wells is under way or planned for the near future All other wells, sshall not be carried as an asset for more than one year following completion of drilling Post-balance Sheet Period GAAP provisions that relate to information about conditions that existed at the balance sheet date or that became known after the end of the period but before the financial statements are issued. If well is determined dry, capitalized costs are written off to dry hole expense If commercial reserves are found, the capitalized drilling costs are transferred to the wells and equipment accounts All the capitalized costs of an exploratory well are typically reclassified as dry hole expense or as wells and related equipment Cost approval, budget and monitoring AFE- Authorization for expenditure CHAPTER 6 Drilling And Development Costs- US SE Development costs- costs incurred to obtain access to proved reserves and to  provide facilities for extracting, treating, gathering and storing the oil and gas. More specifically, development costs, including depreciation and applicable operating costs of support equipment and facilities and other costs incurred to: Gain access to and prepare well locations for drilling, including surveying, draining, road building, etc Drill and equip developmental wells, including costs of platforms Acquire, construct and install production facilities such as lease flow lines, separators, etc Provide improved recovery systems Development well- well drilled within the proved area of an oil or gas reservoir to the depth of a stratigraphic horizon known to be productive Service well- completed for the purpose of supporting production in an existing field. Development type stratigraphic well- stratigraphic test well drilled in a proved area Capitalization of Development-Related G&G Exploration Costs Requires capitalization of G&G in development activities. Unless it is performed on a development land area but to an unknown structure- expensed. If 3d seismic is being used to study the reservoir and perhaps where addition development wells should be drilled, theoretically the cost should be capitalized to the field as development cost. Overhead As a general rule, all G&A is expensed, however where the company has a defined method for allocation is permitted to capitalize these costs as part of development Capitalization of Depreciation of Equip and Facilities Depending on nature, costs can be expensed or capitalized Capitalization of Financing Costs â€Å"Capitalization of Interest† requires that a portion of interest costs incurred during the construction phase of assets should be capitalized as a part of the cost of the self-constructed asset. Interest capitalization only applies to qualifying assets: 1. Assets that are constructed or otherwise produced for an enterprise’s own use 2. Assets intended for sale or lease that are constructed or otherwise produced as discrete projects (ships or real estate developments) Amount to interest to capitalize- the portion of  interest costs incurred during the period when the asset is being constructed that could have been avoided if the spending on the asset had not been made. Capitalization period shall begin when 3 conditions are met: Expenditures for asset have been made Activities that are necessary to get the asset ready for its intended use are in progress Interest cost is being incurred Once production begins- depreciate capitalized costs Sole Risk or Carried Interests If an asset requires a period of time in which to carry out the activities necessary to bring it to that condition and location, the interest cost incurred during that period as a result of expenditures for the asset is a part of the historical cost of acquiring the asset. â€Å" CHAPTER 9 Production Costs Costs of labor to operate the wells and related equipment and facilities Repairs and maintenance Materials, supplies, and fuel consumed and services utilized in operating the wells and related equipment and facilities Property taxes and insurance applicable to proved properties and wells and related equipment and facilities Severance taxes Depreciation, depletion and amortization Accounting for Production Costs All costs relating to production activities, including workover costs incurred solely to maintain or increase levels of production from an existing completion interval, shall be charged to expense as incurred. An expenditure that enhances original performance of the well should be capitalized Materials and supplies- capitalize if used in drilling or development. If used in repair or maintenance, they should be expensed. Recompletions- typically involve entering an existing well and deepening or plugging back in order to achieve production in a new formation or a zone in an existing formation. In a currently or previously producing formation or zone should be treated as an expense since the purpose is to restore  production without an increase in commercial reserves If the objective is to develop reserves in a new formation or find new reserves, the activity would be new drilling. (drilling costs could be exploratory or development rather than production) Costs should then be capita lized or expensed depending on SE or FC and on outcome of drilling Taxes (severance or production) should be expensed as production costs Crude Oil Production 1 Barrel = 42 gallons of oil at 60 degrees F API gravity (measure of density) of oil = the higher, the lighter the oil All crude contains BS&W- basic sediments and water Disposition: outright sales, direct supply, indirect supply, exchanges, fraccers, or oil used in operations Gas measurement Measurement in mcf is affected by temperature., pressure, compressibility, gravity etc Standard pressure is 14.73 pounds per square inch at 60 degrees Fahrenheit Pre Acquisition Acquisition Exploratory Development Production List the four Oil & Gas Agreements used on a worldwide basis and describe each one. 1. US Domestic lease agreement- an oil and gas lease grants to the oil and gas company the right and obligation to operate a property. This includes the right to explore for, develop and produce oil and gas from the property and also obligates the company to pay all costs. (Company is a working interest owner). All costs, all risk. Payment of a signature bonus to mineral rights owner or a royalty. 2. Concession agreement- encountered in operations outside the united states where the mineral rights owner is the local government. Sometimes the government is involved with a joint working interest. Payment of a bonus by the oil company to the government at the time the contract is signed. Payment of a royalty to the government. Responsible for paying all of the costs incurred in developing. 3. Risk service agreement- oil companies erform workovers aimed at restoring or stimulating production including application of current technology to currently producing fields. Bonus to national government at contract signing. Government retains ownership of reserve. Oil company incurs all costs and risks. Operating and capital costs incurred are recovered through payment of operating and capital fees. Government may participate in  operations as a working interest owner. 4. Production Sharing contracts- companies obtain the rights from the government to explore for, develop and produce oil and gas. Company pays bonus to national government at contract date. Pays royalties to government. Government maintains ownership of reserves. Companies incur all risk and costs. Company required to spend a predetermined amount of money, which is recoverable from future production. 2.) Describe the life cycle (Phases) of an Oil & Gas Project. Include the Accounting Treatment (ie. Successful Efforts or Full Cost Pool) for each phase. 1. Pre-license prospecting- geological evaluation of relatively large areas before acquisition of petroleum rights. Analyzing G&G data. Successful Efforts (SE) Method The Financial Accounting Standards Board (FASB) has issued FASB Statement No. 19 dealing with the successful efforts method. Under the SE method, costs incurred in searching for, acquiring, and developing oil and gas reserves are capitalized if they directly result in producing reserves. Costs which are attributable to activities that do not result in finding, acquiring, or developing specific reserves are charged to expense. The cost center for the SE method is a lease, field, or reservoir. The various types of costs are treated under the SE method as follows: 1. Acquisition Costs: They are capitalized to unproven property until proved reserves are found or until the property is abandoned or impaired (a partial abandonment). If adequate reserves are discovered, the property is reclassified from unproven property to proven property. For tax purposes, acquisition costs are handled the same way except the cost cannot be partially written off as an impairment expense. The property must be abandoned before any cost may be written off. 2. Exploration Costs: They are recorded in two different ways, depending upon the type of costs incurred. a. Nondrilling Costs: Examples of these type of costs are geological and geophysical (G & G) costs, costs of carrying and retaining undeveloped properties, and dry hole and bottom hole contributions. These types of costs  are expensed as they are incurred. For tax purposes, nondrilling costs are capitalized to the applicable property. b. Drilling Costs: They are treated differently depending on whether the well drilled is classified as an exploratory well or a developmental well. An exploratory well is a well drilled in an unproven area. A developmental well is a well drilled to produce from a proven reservoir. 1) If an exploratory well is a dry hole, the costs incurred in drilling the well are expensed. If the exploratory well is successful, the costs incurred in drilling the well are capitalized to wells and related equipment and facilities. 2) The costs incurred in drilling developmental wells are capitalized to related equipment and facilities even if a dry hole is drilled. The costs associated with tangible well equipment and facilities are capitalized, regardless of the type of well drilled. For tax purposes, certain costs associated with such equipment are eligible for treatment as deductible IDC. Tax depreciation methods usually allow for a more accelerated rate of depreciation than book or financial depreciation. Also, book depreciation will be computed on 1-10the developmental dry holes and IDC which are capitalized for book purposes but expensed for tax purposes. Therefore, an M-1 adjustment will be required on the difference between the amount of book and tax depreciation. 3. Production Costs: These costs are expensed as incurred, which is the same treatment used for tax purposes. It should be noted, however, that many taxpayers erroneously expense overhead attributable to either acquisition or exploration activities as production costs. Overhead attributable to acquisition and exploration costs must be capitalized. 4. Depletion: This usually requires an M-1 adjustment. Although the cost depletion formula is the same for book and tax purposes, the amount for the basis used in the computation of cost depletion will vary due to the difference in capitalization. In addition, many taxpayers will be allowed to use a larger  percentage depletion deduction Full Cost Method Under the FC method, all costs incurred in exploring, acquiring, and developing oil and gas reserves in a cost center are capitalized. Geological and geophysical (G & G) studies, successful and unsuccessful, are capitalized for book and financial purposes. For tax purposes, successful G & G costs are capitalized and unsuccessful G & G costs are expensed. An M-1 adjustment is required for the amount of unsuccessful G & G costs expensed. Delay rental costs are capitalized for book and financial purposes. Exploratory dry hole costs are capitalized for book and financial purposes. For tax purposes, all dry hole costs (exploratory or developmental) are capitalized unless the taxpayer elects to expense them. Since most taxpayers expense these costs for tax purposes, an M-1 adjustment is required. Impaired or abandoned property costs remain capitalized in the cost center for book and financial purposes. For tax purposes, no deduction is allowed unless a property is totally worthless. An M-1 adjustment is required only when an abandonment is claimed for tax purposes. General and administrative costs which are not associated with acquisition, exploration, and development activities are expensed. However, overhead that can be associated with acquisition, exploration, and development activities is capitalized. The costs are handled the same way for tax purposes. Depletion usually will require an M-1 adjustment. In many instances, taxpayers may be able to claim a larger percentage depletion deduction in lieu of cost depletion. Even where cost depletion is claimed for book and financial purposes because of the different capitalization rules, the amount of cost depletion allowable will vary.