Financial Projection Essay Example For Students

Monetary Projection Essay monetary projection fundamental component of arranging that is the reason for planning exercises and evaluating future financing needs of a firm. Monetary projections (conjectures) start with anticipating deals and their related costs. The essential strides in monetary determining are: (1) venture the organizations deals; (2) venture factors, for example, costs and resources; (3) gauge the degree of interest in current and fixed resources that is required to help the anticipated deals; and (4) figure the organizations financing needs. The fundamental instruments for budgetary anticipating incorporate the percent-of-deals technique, relapse examination , and money related demonstrating. Money related Forecasting Financial Forecasting portrays the procedure by which firms consider and get ready for what's to come. The estimating procedure gives the way to a firm to communicate its objectives and needs and to guarantee that they are inside reliable. It additionally helps the firm in distinguishing the advantage prerequisites and requirements for outer financing. For instance, the important driver of the anticipating procedure is commonly the business estimate. Since most Balance Sheet and Income Statement accounts are identified with deals, the guaging procedure can enable the firm to survey the expansion in Current and Fixed Assets which will be expected to help the anticipated deals level. Additionally, the outer financing which will be expected to pay for the guage increment in resources can be resolved. Firms additionally have objectives identified with Capital Structure (the blend of obligation and value used to back the organizations resources), Dividend Policy, and Working Capital Management. Along these lines, the anticipating procedure permits the firm to decide whether its estimated deals development rate is reliable with its ideal Capital Structure and Dividend Policy. The estimating approach introduced in this area is the Percentage of Sales strategy. It figures the Balance Sheet and Income Statement by expecting that most records keep up a fixed extent of Sales. This methodology, albeit genuinely straightforward, shows a significant number of the issues identified with determining and can promptly be reached out to take into account an increasingly adaptable strategy, for example, anticipating things on an individual premise. Ideas Percentage of Sales Method The Percentage of Sales Method is a Financial Forecasting approach which depends on the reason that most Balance Sheet and Income Statement Accounts differ with deals. In this way, the key driver of this technique is the Sales Forecast and dependent on this, Pro-Forma Financial Statements (I. e. , guage) can be built and the organizations requirements for outside financing can be recognized. The figurings represented on this page will allude to the Balance Sheet and Income Statement which follow. The determined Sales development rate in this model is 25% Balance Sheet ($ in Millions)| Assets| 1999| Liabilities and Owners Equity| 1999| Current Assets| Â | Current Liabilities| Â | Cash| 200| Accounts Payable| 400 | Accounts Receivable| 400 | Notes Payable| 400 | Inventory| 600 | Total Current Liabilities| 800 | Total Current Assets| 1200 | Long-Term Liabilities| Â | Â | Long-Term Debt| 500| Fixed Assets| Â | Total Long-Term Liabilities| 500| Net Fixed Assests| 800 | Owners Equity| Â | | Â | Common Stock ($1 Par)| 300| | Â | Retained Earnings| 400| Â | Total Owners Equity| 700| Total Assets| 2000 | Total Liab. what's more, Owners Equity| 2000| | Income Statement ($ in Millions)| | 1999| Â | Sales| 1200| Â | Cost of Goods Sold| 900| Â | Taxable Income| 300| Â | Taxes| 90 | Â | Net Income| 210| Â | Dividends| 70| Â | Addition to Retained Earnings| 140| Â | | Percentages of Sales The initial step is to communicate the Balance Sheet and Income Statement accounts which fluctuate legitimately with Sales as rates of Sales. This is finished by separating the equalization for these records for the current year (1999) by deals income for the current year. The Balance Sheet accounts which for the most part shift intimately with Sales are Cash, Accounts Receivable, Inventory, and Accounts Payable. Fixed Assets are additionally regularly tied near Sales, except if there is overabundance limit. (The issue of abundance limit will be tended to in External Financing Needed area. ) For this model, we will expect that Fixed Assets are as of now at full limit and, in this manner, will shift straightforwardly will deals. Held Earnings on the Balance Sheet speak to the total aggregate of the organizations income which have been reinvested in the firm. Subsequently, the adjustment in this record is connected to Sales; be that as it may, the connection originates from relationship betwen Sales development and Earnings The Notes Payable, Long-Term Debt, and Common Stock records don't shift consequently with Sales. The adjustments in these records rely on how the firm decides to raise the assets expected to help the guage development in Sales. On the Income Statement, Costs are communicated as a level of Sales. Since we are expecting that all expenses stay at a fixed level of Sales, Net Income can be communicated as a level of Sales. This shows the Profit Margin. Assessments are communicated as a level of Taxable Income (to decide the duty rate). Profits and Addition to Retained Earnings are communicated as a level of Net Income to decide the Payout and Retention Ratios separately. Level of Sales Calculations | The models in this crate represent the estimations which were utilized to decide the rates gave in the accompanying Balance Sheet and Income Statement. Cash| Cash/Sales = $200/$1200 = . 1667 = 16. 67%| Inventory| Inventory/Sales = $600/$1200 = . 5 = 50%| Accounts Payable| (Accounts Payable)/Sales = $400/$1200 = . 3333 = 33. 33%| Costs| Costs/Sales = $900/$1200 = . 5 = 75%| Taxes| Taxes/(Taxable Income) = $90/$300 = . 3 = 30%| Net Income| (Net Income)/Sales = $210/$1200 = . 175 = 17. 5%| Dividends| Dividends/(Net Income) = $70/$210 = . 3333 = 33. 33%| | Balance Sheet ($ in Millions)| Assets| 1999| %| Liabilities and Owners Equity| 1999| %| Current Assets| Â | Â | Current Liabilities| Â | Cash| 200| 16. 67% | Accounts Payable| 400 | 33. 33% | Accounts Receivable| 400 | 33. 33% | Notes Payable| 400 | N/A | Inventory| 600 | 50. 00% | Total Current Liabilities| 800 | Total Current Assets| 1200 | Long-Term Liabilities| Â | Â | Â | Long-Term Debt| 500| N/A | Pugnacious Abortion EssayBalance Sheet ($ in Millions)| Assets| 1999| Liabilities and Owners Equity| 1999| Current Assets| Â | Current Liabilities| Â | Cash| 200| Accounts Payable| 400 | Accounts Receivable| 400 | Notes Payable| 400 | Inventory| 600 | Total Current Liabilities| 800 | Total Current Assets| 1200 | Long-Term Liabilities| Â | Â | Long-Term Debt| 500| Fixed Assets| Â | Total Long-Term Liabilities| 500| Net Fixed Assests| 800 | Owners Equity| Â | | Â | Common Stock ($1 Par)| 300| | Â | Retained Earnings| 400| | Â | Total Owners Equity| 700| Total Assets| 2000 | Total Liab. nd Owners Equity| 2000| | Income Statement ($ in Millions)| | 1999| Â | Sales| 1200| Â | Cost of Goods Sold| 900| Â | Taxable Income| 300| Â | Taxes| 90 | Â | Net Income| 210| Â | Dividends| 70| Â | Addition to Retained Earnings| 140| Â | | Full Capacity The condition used to figure EFN when fixed resources are being used at full limit is given underneath. (It would be ideal if you n ote that this condition depends on similar suspicions that underly the Percentage of Sales Method. Specifically that the Profit Margin and the Retention Ratio are consistent. ) where * S0 = Current Sales, S1 = Forecasted Sales = S0(1 + g), * g = the determined development rate is Sales, * A*0 = Assets (at time 0) which differ legitimately with Sales, * L*0 = Liabilities (at time 0) which shift straightforwardly with Sales, * PM = Profit Margin = (Net Income)/(Sales), and * b = Retention Ratio = (Addition to Retained Earnings)/(Net Income). At the point when the firm is using its advantages at full capcacity, A*0 will rise to Total Assets. L*0 regularly comprises of Accounts Payable (and if present Accruals). The rationale of hidden this condition can be clarified as follows. * = the necessary increment in Assets, = the unconstrained increment in Liabilities, and * = the unconstrained increment in Retained Earnings. The incresed in Liabilities and Retained Earnings in the condition a re viewed as unconstrained on the grounds that the happen basically consequently as a result of the firm leading its business. Full Capacity Example | Use the Balance Sheet and Income Statement above to decide the EFN given that Fixed Assets are being used at full limit and the guage development rate in Sales is 25%. Solution:First figure the Forecasted Sales. S1 = 1200(1 + . 5) = $1500Next, settle utilizing the EFN condition. Note that we are subbing (Net Income)/(Sales) revenue driven Margin and (Addition to Retained Earnings)/(Net Income) for the Retention Ratio. | Excess Capacity If the firm has overabundance limit in its Fixed Assets then the Fixed Assets might not need to increment so as to help the anticipated deals level. In addition, if the Fixed Assets do need to increment so as to help the guage deals level, at that point they won't need to increment by as much as would be required in the event that they were being utilized at full limit. At the point when a firm has overabundance limit in its Fixed Assets the initial step is to decide the business level that the current Fixed Assets can bolster. This can be controlled by partitioning Current Sales by the level of limit at which the Fixed Assets are directly being used. This business level is called Full Capacity Sales, SFC. Whenever Forecasted Sales are not exactly Full Capacity Sales, at that point fixed resources don't have to increment to help the guage deals level. Then again, whenever Forecasted Sales are more noteworthy than Full Capacity Sales, at that point Fixed Assets should increment. We will consider these two cases underneath. Case 1: S1 Less Than SFC When the Forecasted Sales are not exactly or equivalent to Full Capac

How Multiple Incidents Develop the Plot Line in The Great Gatsby :: essays research papers fc

F. Scott Fitzgerald splendidly composed numerous books just as short stories. One of his most popular works is The Great Gatsby. In the novel, the primary character Jay Gatsby attempts to acquire his lifetime dreams: riches and Daisy Buchanan. All through the story, he works at accomplishing his objectives while defeating numerous hindrances. Fitzgerald’s plot line depends intensely on mishaps, indiscretion, and misguided judgments, which eventually uncover the fundamental subjects in the story. During the book, Fitzgerald can make an unrivaled storyline by tying all the occasions in the story, legitimately or in a roundabout way, together. Ernest Lockridge notes in his reactions about the book: However in a triumph of craftsmanship, Fitzgerald makes even mishaps appear unaccidental, he joins ‘real’ clutter inside anecdotal request. He achieves this by reiteration (in the ‘real’ world, redundancy doesn't exist): the mishap including Tom and the housekeeper, the reference to both Nick and Jordan pastry specialist as ‘bad drivers,’ the disaster area simply outside Gatsby’s garage after his gathering in which, as in Tom’s mishap, a wheel is ripped off, the attempt at manslaughter demise of Myrtle Wilson, lastly the coincidental combination of occasions which prompts Gatsby’s murder and Wilson’s self destruction. Lockridge, 7 Fitzgerald is equipped for picking an occasion and alluding back to it while as yet remaining on theme. One of these occasions is mishaps. Pretty much every character is identified with a mishap that happens to another character: When we [Gatsby and Daisy] left New York she was extremely apprehensive and she figured it would consistent her to driveâ€and this lady [Myrtle Wilson] hurried out at us similarly as we were passing a vehicle coming the other way. Everything occurred in a moment,  â â â â but I couldn't help suspecting that she needed to address us, thought we were someone she knew. All things considered, first Daisy got some distance from the lady toward the other vehicle, and afterward she lost her nerve and turned around. The second my hand arrived in the driver's seat I felt shockâ€it more likely than not killed her right away. Gatsby; 151 As one of the fundamental mishaps in the story, Fitzgerald interfaces the passing of Myrtle Wilson to Daisy. The association is totally inadvertent, on the grounds that Daisy doesn't have the foggiest idea about that Myrtle is her husband’s courtesan. In this occurrence, Fitzgerald can make incongruity between the two characters to make one feel that it was really not a mishap, when as a general rule it was.      During the course of the story, it is important that a portion of the characters in the book utilize imprudent activities.

Room and Board and Tuition, Oh My!

Room and Board and Tuition, Oh My! So, you committed to a college and feel on top of the world until you look at the estimated cost for tuition, room and board, books, personal expenses The good news is that there are so many scholarships out there just waiting to be applied for. Im here to help you discover those scholarships, and hopefully relieve some fear of the financial burden. University Scholarships Within majors, the University of Illinois has scholarships. While I can only speak for the College of Education, I can truthfully and honestly say that these scholarships are incredibly helpful.  The application is online so it is easy access. It took me about an hour to fill out the entire thing, and then another hour to review and edit my writing. Also, the College of Education gives a scholarship to any student that decides to study abroad, too. Community Organizations/Employers Ask around in your community  for scholarships, as well. Organizations such as  the  Boy Scouts or Girl Scouts, 4-H Club or Elks National Foundation often offer scholarships to college students. The applications will vary, as well as the value, but any bit counts! Another great resource for scholarships is your employer. Many companies offer scholarships for college students. For example,  The McDonalds Educates Scholarship Program offers a $1,000 award each year to a high-achieving student employee. Free Online Scholarship Searches As a last resort, there are plenty of online search engines to find scholarships. The downfall of this method is reliability. These search engines are great, though, because they are simple, holistic, and easy to apply for. Examples of search bases include ScholarshipExperts.com, FindTuition.com, and Petersons College Scholarship Search. We all know that the last thing anyone wants to do after filling out tons of college applications is fill out more applications, but the payoff is definitely worth it. Push through the essays. You can do it! Rachel Class of 2020 I am studying Middle Grades Education with concentrations in Social Sciences and Literacy in the College of Education. Although I now reside in Champaign, I am originally from Vernon Hills, a Northwest suburb of Chicago.

Air Pollution in My Hometown - 1387 Words

In the past few months, my hometown has suffered severe air pollution problems. The smog caused by pollution has existed for years in major cities in China, including Beijing, Shanghai and my hometown. Most of urban areas in middle and northern China are struggling with air pollution, even some tropical regions could be affected. Surrounded by the fantastic fresh air in Seattle, I felt frustrated about the bad pollution problems in China. Every time I enjoy the beautiful skyline and sunshine in Seattle, I cannot help worrying about why people in my country could do have the same. The beauty of nature tends to completely vanish in many cities in China. Blue sky and fresh air have never become so precious. As China’s economy and industrial development grow rapidly since 1980s, urbanization has caused tremendous expansion of urban area around megacities in China. The massive, yet not well-regulated development in China has led to massive energy consumption and emissions of air po llutants. Environmental issues have become one of the most devastating problems threatening the future development of China. Beijing, Shanghai, and the Pearl River region, for instance, Guangzhou and Hong Kong, have accounted for about 20% of the national GDP in 2005. These regions, particularly Beijing and Shanghai, have become the victims of air pollution for years. It is obviously worthy spending some time investigating this severe issue. First of all, we must have a firm concept of how bad the airShow MoreRelatedUlaanbaatar the Capital City of Mongolia, Place She Should Never Visit899 Words   |  4 Pagesessay City behind the curtain of smoke The capital city of Mongolia is called Ulaanbaatar. 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Simple Décrire Verb Conjugations in French

In French, to say to describe, you must use the verb  dà ©crire. Admittedly, conjugating this verb to mean described or will describe is not the easiest thing to do. However, a quick lesson and some dedicated practice will help you memorize this tricky verb. Conjugating the French Verb  Dà ©crire Dà ©crire  is an  irregular verb, so it does not follow one of the common verb conjugation patterns found in French. Yet, all  French verbs ending in  -crire  are conjugated this way. You might consider studying a few at the same time to make learning each just a little easier. Conjugations transform the verb into the present, future, or past tense so the sentence makes sense. This is done by identifying the verb stem — in this case,  Ã¢â‚¬â€¹dà ©cri- — then adding the appropriate infinitive ending for the subject pronoun. For instance, I describe is je dà ©cris and we will describe is nous dà ©crirons. Subject Present Future Imperfect je dà ©cris dà ©crirai dà ©crivais tu dà ©cris dà ©criras dà ©crivais il dà ©cris dà ©crira dà ©crivait nous dà ©crivons dà ©crirons dà ©crivions vous dà ©crivez dà ©crirez dà ©criviez ils dà ©crivent dà ©criront dà ©crivaient The Present Participle of  Dà ©crire When you add -ant  to the verb stem of  dà ©crire, you form the  present participle  dà ©crivant. It is a verb, of course, yet youll also find it used as an adjective, gerund, or noun at times. The Past Participle and Passà © Composà © The  past participle  of  dà ©crire  is  dà ©crit.  Its used in the construction of the  passà © composà ©Ã‚  for the past tense of described. To use it, you must also conjugate the  auxiliary verb  avoir. The passà © composà © comes together quickly once you know these rules. As an example, I described is jai dà ©crit and we described is nous avons dà ©crit. More Simple Dà ©crire  Conjugations Among the other simple verb conjugations of  dà ©crire  that you should know are the subjunctive and conditional. Each implies some degree of uncertainty or dependency in the act of deciding. In literature, youll come across either the passà © simple or imperfect subjunctive forms. While you may not use them yourself, recognizing them as a form of  dà ©crire  will help with comprehension. Subject Subjunctive Conditional Passà © Simple Imperfect Subjunctive je dà ©crive dà ©crirais dà ©crivis dà ©crivisse tu dà ©crives dà ©crirais dà ©crivis dà ©crivisses il dà ©crive dà ©crirait dà ©crivit dà ©crivà ®t nous dà ©crivions dà ©cririons dà ©crivà ®mes dà ©crivissions vous dà ©criviez dà ©cririez dà ©crivà ®tes dà ©crivissiez ils dà ©crivent dà ©criraient dà ©crivirent dà ©crivissent In short, assertive commands and requests, the imperative verb form is used. When using this, keep the sentence short and skip the subject pronoun: dà ©cris rather than tu dà ©cris. Imperative (tu) dà ©cris (nous) dà ©crivons (vous) dà ©crivez

Myth and the Evolution of Heroes Free Essays

What is a hero? What comes to your mind when someone speaks of heroes and or heroines or Super Heroes and Heroines for that matter? Well lets see, Webster defines a super hero as a benevolent fictional character with superhuman powers and a hero as a person, typically a man, who is admired or idealized for their courage and outstanding achievements, and is typically identified as a person of noble qualities. A person who people will sympathize with. A man of the people. We will write a custom essay sample on Myth and the Evolution of Heroes or any similar topic only for you Order Now Or, the people’s champion if you will. These character types are often used in media and education and can be applied to almost any story, be it in literature, theatre, film, television series, games, or whatever. In classical mythology we find some of the first of many accounts of these Hero’s. In all actuality they could be called the first super hero’s. Although they did not have the superpowers that we come to expect from modern day super hero’s they still make the cut. And in many ways the heroes of legend could be what you would expect from (and I do use this loosely) real superheroes. See the births, backgrounds, and life’s of these characters are a bit more on the adult side of the movie store so to speak. They tend to reflect that of real people and real life. Not the real life that is watered down and boxed and fed to kids but the hard life and reality that we all come to realize is reality the more we grow up. Their stories are that of struggle, humility, sacrifices, and all that trial and tribulation that you have come to know and loathe through out the years. But at the same time they stick with the layout that, as though given to them of Russian scholar Vladimir Propp. See Propp broke down almost all myth with the publication of â€Å"Morphology of the Folk tale†. In this publication he depicted that all folk tales follow what is essentially a predefined course of action for almost all stories. Oddly enough this is still relevant to this day. A summary of which is the following: The hero usually has a birth that is very out of the normal. And from the moment of his birth he usually undergoes and over comes a threat to his life as a small child. As he grows up he usually under goes an extreme task and or an extreme amount of small tasks that for some reason or another he feels or is expected of him to prove his worth. Or these tasks maybe forces upon the hero by the antagonist. Usually these task are almost impossible and the hero then begins to meet friends and ally’s that aid him on his quest. These quests usually involve all type of thrills chills and of course the possibility of death for our hero. (Come on what epic story would be complete with out that? Also these quests always come with some sort of taboos that the hero must not do. They usually exist in the form of challenges that conflict’s with the up bringing of the character. Upon the over coming of that challenge the hero usually grows up, if their a kid you start to see where the hero is growing up. This concept is generally really popular with the long running cartoon stories of kids and helps the viewer learn right along side our protagonist. Th e viewer then grows with them and grows up with the character themselves learning life lessons. This is a good and bad thing. Because of this in modern society we have generations of children raised by stories as such. For some odd reason I guess lazy parents have taken these stories as alternatives to raising their children themselves. Ultimately death is the ultimate conquest that the hero will end up facing. This usually comes in the form of some journey to the underworld or realm of the dead or whatever they choose to call it. In some instances the hero actually dies and is resurrected. I know of a few stories where the hero dies and is resurrected numerous times symbolic of the conquest over death or maybe just the mocking of it to show off the heroes might. That not even death can stop them. From this point the hero then usually reaches a point of enlightenment or transcends into a higher being. This is a rough summary of Propp’s outline but most stories and heroes of legend commit to it. For example one of the most notable of extraordinary births is Perseus. Zeus got a hold of his mother while she was locked up in an underground chamber. After his birth his mother raised him there for four years in secret. After Acrisius discovered the birth of the child he put him and his mother in their coffin for an old sea man’s burial. They set a float until they landed on the island of Seriphos and were discovered by the old fisherman Dictys. Even when the hero’s are young or in some cases in there infancy they under go tribulation. Like Oedipus who’s name means â€Å"swollen-footed†. This is cause his feet were tied together when he was a baby so that he may never walk. He was to fulfill a prophecy that said he would kill his father and marry his mother, and thus brought disaster on his city and family. So he was supposed to be casted out into the wilderness and left to die. Fortune favors the young hero and he is eventually taken in and cared for until he comes of age and has Propp’s states must under go labors to prove his worth. The growing pains of Heracles’ 12 labors are probably the most famous in all of classical myth. The labors of the character’s journey are what transform the protagonist from joe-shmo to our loveable and courage’s hero. The meat and potatoes of the story, for it is here where they evolve into the hero. Cause their actions usually start from seemingly mundane but upon the completion of their mission they gain the praise of the people. In most cased because they end up saving a city, or a massive amount of people from destruction. Or a young woman of noble birth that resides, as say a princess of a powerful city. In some really basic stories after the completion of this the hero becomes king or just saves the day and wins the girl and then lives happily ever after. In others the end of the labors are signified by the defeat of the antagonist. Like the killing of Hector by Achilles. Some of my favorites are when upon the conclusion of the finale the hero dies. I know that sound kind of bad but the ending is more real because in these versions just as in real life there isn’t always a happy ending. Usually is these epics the hero is transformed into a legend and revered because of his ultimate sacrifice. Best example of this is Oedipus. He had worked his way into the Gods favor and upon his death Colonus was blessed. And through his death he was made into a hero once again. This motif is all to familiar to Christians for it is capstone for their believe structure. Theses allegories of myth show us how heroes come to be and through Propp’s illustration of all folktale template we see the underlying structure of all stories. And the evolution of all heroes. Works Cited Morford, Mark P. O and Roberet Lenardon. Classical Mythology 8th ed. New York: Oxford 2007. â€Å"Vladimir Propp† Wikipedia: The Free Encyclopedia. Wikimedia Foundation Inc. July 07, 2010. . How to cite Myth and the Evolution of Heroes, Papers

Evolutionary Of Psychology Science Of Mind - MyAssignmenthelp.com

Question: Discuss about the Evolutionary Of Psychology Science Of Mind. Answer: According to Seligman and Csikszentmihalyi (2014), for a psychologist, it is necessary to have an open mind and to remain flexible in terms of behaviours with other people. Psychologists need to deal with people that have issues regarding any mental condition. These issues need to be dealt with in a manner so that the people do not feel violated or harassed in any ethical manner. I agree with the thought, as I believe that being a psychologist my duty is to understand such people. Curing these people is necessary in order to provide them with a healthy life. However, as a member of a society, I come across people whose attitudes and beliefs are different from mine. Hence, I need to adjust myself to these people and ensure that my sense of judgement does not come in the way of behaving properly with them. I need to be compassionate and understand the problems that are faced by the people. I also need to refrain from any ethical biases that may hinder my behaviour with the people. Howe ver, it is also important that I try to understand the root cause of the difference in beliefs and ideas as compared to mine. Neisser (2014) stated that sometimes a change in attitude and beliefs result due to cultural indifference. I need to respect the cultures and consequently need to respect the beliefs of the people practising such different cultures. In this regard, it can be said that some of the values and beliefs that I believe strongly includes equal opportunities of education and labour for both genders. This thought is one of the most strong points in our culture, as it is believed that men and women can provide the similar impact on a family. In our culture, the equality is seen as an opportunity for development of both the genders. However, there are people in the society who oppose the thought of educating women. This is mainly seen in cultures that have an Asian background. In the words of Piaget (2015), the culture of the Asian people is such that they prefer women to take care of household activities more than working outside. On one hand, I respect such cultural belief but on the other hand, I feel that this may provide a great deal of hindrance in the mentality of these people. With the changing time, it is also required that the thought process is changed (Buss, 2015). Thus, such thoughts need to be changed in orde r to blend in with the culture of the society in which these people currently reside. I have managed to develop myself with the thought that such beliefs can help me progress in my career and provide proper counselling to the people that require it. Hays (2016) stated that the best way to provide counselling to others is to understand self-limitation and strength. This can help in ensuring a long career in such fields as improvements can be made on the limitations that are analysed. In this regard, I can analyse some of my strengths and limitations that I possess. My strength lies in the fact that I can interact with people and build inspiring communication with them. I can provide counselling by inspiring people to perform the right thing. This can help me in enhancing my career as most counsellors may only suggest changes without providing any inspiration or guidelines. However, I lack the ability to think quickly about a possible solution. I need time to analyse the situation from every angle before providing a proper guideline to mitigate the situation. This is a huge negativity for me as due to this I may lose patients that require instant and quick solutions to their problems. Thus, this is an area of improvement required in order to prolong my career in counselling people. According to Fisher (2016), the method of behaviour and communication with different people need to vary from one person to another. For example in the case of people belonging to a different, it is necessary that racial comments be avoided while speaking with them. This is important in order to avoid any controversies related to racial discrimination. On the other hand, Jung (2014) stated that communication on worldview such as politics also needs to be avoided in order to avoid any type of stereotypical contexts. I agree with measures, as it is important for every people to maintain and respect their own cultures and thoughts. Hence, it is necessary not to engage in any comments that may hurt the people or make them feel unwanted in the society. Conversations regarding less complicated topics can be carried on with these people in order to avoid such problems. Thus, it can be concluded that as a psychologist it is necessary to understand the manner in which each people behave in the society. The thoughts and culture of every people vary depending upon the backgrounds of the people. It is very important for me to analyse my strengths and weaknesses in order to prove proper counselling to these people. The more I get to analyse myself the more effective I get in terms of pursuing my career. The conversations with people that think differently need to be of neutral topics to avoid any escalation of mind. Hence, taking such measures can help in avoiding any controversy within the society and ensure that harmony is maintained between the people and the different cultures. Reference Buss, D., (2015).Evolutionary psychology: The new science of the mind. Psychology Press. Fisher, C.B., (2016).Decoding the ethics code: A practical guide for psychologists. Sage Publications. Hays, P.A., (2016). Addressing cultural complexities in practice: Assessment, diagnosis, and therapy. Jung, C.G., (2014).Psychological types. Routledge. Neisser, U., (2014).Cognitive psychology: Classic edition. Psychology Press. Piaget, J., (2015).Structuralism (Psychology Revivals). Psychology Press. Seligman, M.E. Csikszentmihalyi, M., (2014). Positive psychology: An introduction. InFlow and the foundations of positive psychology(pp. 279-298). Springer Netherlands. Smith, J.A. ed., (2015).Qualitative psychology: A practical guide to research methods. Sage.