Discovering The Kingdom Of God

Discovering The Kingdom Of God INTRODUCTION Do we really know what the Kingdom of God is, or are we only speculating? Is it that personal hope that one day after our death we will enter into the Kingdom of God and have eternal life? Or is it something else that we as human beings cannot grasp with our limited mindset. Whatever the outcome, let us explore this magnificent topic to get the best possible answer. As Christians we must be able to have Biblical answers to theological questions. 1. Write an essay presenting a biblical view of the nature of the Kingdom of God and exploring the implications of your understanding of the kingdom for ministry today: We must start off by asking ourselves the question: What does the Kingdom of God mean to us as Christians. To many this is maybe another irrelevant religious term used to describe the unrealistic visions of Christians. Some may even see the existence of the Kingdom of God altogether as part of the Church (Ladd 1981:2-3). One theologian by the name of Adolf von Harnack, when confronted over the issue, wrote the following: The Kingdom of God comes by coming to the individual, by entering into his soul and laying hold of it. For Adolf von Harnack, the Kingdom of God meant that the Spirit of life was to come and fill people personally. This hope was a universal hope for the whole creation. People had to interact with one another and the whole of creation to receive this eternal life (Moltmann 1996:131). Even Albert Schweitzer (Ladd 1981:3) says the Kingdom of God is supernatural and part of the future. Should we take the above mentioned as the only answers for the Kingdom of God or shoul d we go to the Word of God and find what it has to say about the Kingdom of God. Yes, we should definitely find the Scriptural truths in the Word of God that explains the Kingdom of God to us. First of all, the Kingdom of God is where God rules. In Jeremiah 31:33-34, LASB God writes the rights of His kingdom in our hearts and He wants us to obey Him in glory and honour (Ladd 1981:6). We see His kingdom exist in the spiritual realm which is not presently visible to our eyes, but we can persevere in faith that someday the Kingdom of God will come in all its fullness. Psalm 103:19, LASB The Lord has established His throne in heaven, and His kingdom rules over all (Ladd 1981:6-7). The Kingdom of God is both in the present and in the future. We read that many times Jesus referred to the Kingdom of God in the future tense Assuredly, I say to you, I will no longer drink of the fruit of the vine until that day when I drink it new in the Kingdom of God (Mark 14:25, LASB). Other times He indicated that the Kingdom of God was already present. Then sometimes He preached that the Kingdom of God was nearby (you could almost touch the kingdom). So we can see that the Kingdom of God progr ess through us (by spreading the Gospel) on the earth here and now (Ladd 1981:8-9). The Kingdom of God is unavailable to people that practice acts of sin. We read in the Bible the following: Do you not know that the unrighteous will not inherit the kingdom of God? Do not be deceived. Neither fornicators, nor idolaters, nor adulterers, nor homosexuals, nor sodomites, nor thieves, nor covetous, nor drunkards, nor revilers, nor extortioners will inherit the kingdom of God (1 Corinthians 6:9-10, LASB). So if you are practicing some of the above and you die, you will not inherit the Kingdom of God, but if you are cleansed and forgiven by the blood of Jesus Christ, and sin no more and then die, the Kingdom of God is at hand. With the resurrection comes the Kingdom of God (Ladd 1981:11-13). In the Old Testament we also find the Kingdom of God spoken of for the first time, although the term itself is not directly used. Israel did not really care about the term Kingdom of God; they only worried about themselves and their rebellious ways. This was very sad because God actually wanted to prepare Israel to find hope in the coming of the King. For unto us a Child is born, Unto us a Son is given; And the government will be upon His shoulders. And His name will be called Wonderful, Counselor, Mighty God, Everlasting Father, Prince of Peace (Isaiah 9:6, LASB). This King was to deliver all people from their slavery to sin (Williams 1992:15-16). We see in the New Testament the establishment of the Kingdom of God. Jesus Christ was born to be the Ruler for us. When Jesus stood on trial for His life, before Pilate, Pilate asked Him, Are You the King of the Jews? He answered him and said, It is as you say (Luke 23:3, LASB). So we see that Jesus did tell him that He was a King, but Jes us also indicated to him that His Kingdom was not of this world. This scripture says it all, God was the Supreme Ruler and Jesus Christ was going to rule all nations of the earth (Williams 1992:17-18). Matthew records Jesus using the phrase Kingdom of heaven while Mark and Luke uses the phrase Kingdom of God. When the two are measured against one another, they are almost identical (Ridderbos 1996:39). In the above paragraphs I have tried to capture a biblical view of the nature of the Kingdom of God and know that with this discovery comes a profound responsibility for us as part of a ministry. So in closing I realised the following: Jesus tells us to seek first the Kingdom of God and Gods righteousness, and if we do, everything will fall into place. God has got one desire for us and that is to please Him and follow Him. God must be glorified here on earth because by doing so has both current and eternal implications. Our time, talents, treasures, attitudes and actions must be to serve God. We must avail ourselves to help others come to a personal relationship with Jesus Christ, so that they may be saved from their sins as well, so that they can start to seek the Kingdom of God now and in the future. Conclusion Morphew (1991:52) said the following: There is every reason to be filled with hope the confident expectation that we move from the victory Christ has already obtained, to the victory of Christ still to be obtained. What a great priviledge to know that the Kingdom of God is coming and everything will change. To know that we have some insight into the Kingdom of God, but for now, change begins in us. Let us produce the Kingdom on earth through the will of God. Bibliography Barton B B, Beers R A and Galvin J C (eds) 1996. Life Application Study Bible. Wheaton, IL: Tyndale House Publishers. Ladd G D 1981. The Gospel of the Kingdom. Grand Rapids: Eerdmans. Moltmann J 1996. The Coming of God: Christian Eschatology. St Albans Place, London: SCM Press. Morphew D J 1991. Breakthrough: Discovering the Kingdom. Cape Town: Struik Christian Books. Ridderbos H N 1996. In DRW Wood (ed.), New Bible Dictionary, 647-650. Downers Grove: InterVarsity Press. Williams J R 1992. Renewal Theology, vol. 3. Grand Rapids: Zondervan. INTRODUCTION It is said that warfare is not only a physical reality, but it is also a spiritual reality. The enemy is around us and within us. Satan and his demonic forces are constantly prepared for an attack on Gods children. The great weapon that Satan employs in his attacks is the sinful nature of every human being. The question we must then ask ourselves is the following: First of all, is Satan really the ruler of the earth and are we under his rule. Secondly, did Jesus Christ then lost authority over us. Thirdly, can we really believe The Ransom Theory as the ultimate truth? Let us investigate the outcome so as to understand the enemys weaknesses and strengths without being afraid of him. ASSIGNMENT 2 Write an essay disputing the claim that Satan has the right and title deed to the earth. Be sure to address each of the implications listed below: The Ransom Theory of the Atonement cannot be dismissed as summarily as it usually is if indeed Satan had a right to the souls of men. The Ransom Theory personally for me creates the picture of God and Satan sitting at a table playing a deck of cards. Satan has just won and now rules the world. In an attempt to save the world and its people, God tries to negotiate or bribe Satan to give Him back the world. So God with His back against the wall gives His Son, Jesus Christ as ransom. When Origen formulated the doctrine, he said the following: It was Satan rather than God who demanded Christs blood, thus initiating this aspect of the transaction. So the ransom was determined by, paid to, and accepted by Satan. This mitigates to some extent the charge that the ransom theory makes God somewhat of a dishonest dealer (Erickson 1996:53-56). Really, we cannot believe this, for God is an honest and truthful Ruler. In Genesis 3 when Adam and Eve ate of the forbidden fruit, Satan tried to tempt everyone away from God, but he couldnt do it. Although Adam and Eve were disobedient, God was still in control. I think the idea that made some to think the title deed of the earth was passed over to Satan was the fact that God gave us our own will and some people want to believe in Satan ruling the earth. Yes, Satan is powerful, but Jesus is more powerful. Jesuss resurrection shattered Satans power and showed Gods unconditional love for us. To overcome Satan we need faithful allegiance to Gods Word and stay away from sin (Gross 1990:114-115). Jesus said: Now is the judgment of this world, now the ruler of this world will be cast out (John 12:31, LASB). Postmillennialism too becomes far more attractive and reasonable when viewed in the light of inter-kingdom conflict: If the purpose of God is to win back territory from the enemy then truimphalism and kingdom now theology is tenable. To think that Jesus Christ will return after Christians (Not Jesus Christ Himself) have established the Kingdom on this earth sounds very attractive and promising. All of us wants to believe that this world will become better and better. We want to be heroes and save this world before Jesus Christ comes. However, this is not the Biblical view of the world in the end times. Triumphalism and kingdom now theology are acceptable, but only for people that believe in Postmillenialism (Erickson 1996:160-161). We as Christians must find balance between winning back the Kingdom of God and awaiting eternal life. We should spread the Gospel until Jesus Christ comes to save us. To think that there is nothing to fear or that we are Superman is insane. Paul explains that there are difficult times for Christian service. But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away! (2 Timothy 3:1-5, LASB). Morphew (1991) says that A triumphalist approach will produce unreal people who live in a spiritual bubble, or worse, arrogance and fanaticism that brings the name of Jesus into disrepute. Similarly, spiritual warfare concepts such as taking our cities for God, so much in vogue nowadays, would need to be aggressively practiced. I disagree with this concept of running around chasing the enemy. Who do we serve, Jesus Christ or Satan? As being part of the military I have realized one thing, warfare in this instance should be defensive and not offensive. We have victory in our spiritual warfare by standing in prayer and not running around trying to rebuke Satan every time something goes wrong. It is by knowing the truth and submitting to God in obedience that the devil runs (Moriarty 1992:150-151). 2 Corinthians 10:4-6, LASB For the weapons of our warfare are not carnal but mighty in God for pulling down strongholds, casting down arguments and every high thing that exalts itself against the knowledge of God, bringing every thought into captivity to the obedience of Christ, and being ready to punish all disobedience when your obedience is fulfilled. When Jesus Christ arose and ascended, He revealed His victory over Satan, taking with Him those whom the devil had captured. The victory of Jesus Christ is the victory of all who are saved by faith in Him. Satan has no legitimate authority over Christians. The only influence he enjoys in our lives is when we yield to him (Moriarty 1992:153-154). It is true what Moriarty (1992:150) says The Devil does not need to be outshouted; he needs to be outtruthed. The implications for Church life also need to be considered: If the primary function of the church is to conduct a war then a hierarchical form of government would be appropriate and mega churches more effective than small family congregations. First of all we must remember that the main purpose of the church is for the praise of Gods glory and His wonderful grace. The church need not to change to really conduct war against Satan and remember that a church is not confined to four walls, the church of Jesus Christ is people. For me a small family congregation has got the same power as a mega church. Many churches and especially the new charismatics believe that the church needs a special army of Christian believers to worship with force to wipe out the devil and his demons. The people sing songs to chase away the demons and the devils and forget what the main purpose of spiritual warfare is all about. People forget that Jesus Christ is now head of the church, the ultimate authority over the world and we are the body. If we work, serve or worship together in holiness, we are one body in unity. Satan will not be able to stand when we worship together against him (Moriarty 1992:149-151). For we do not wrestle against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this age, against spiritual hosts of wickedness in the heavenly places (Ephesians 6:12, LASB). Conclusion You have read all the above arguments that were made and must make a decision. Do you serve Jesus Christ or Satan? Just remember, Christians will always be in battle, being a soldier for Jesus Christ is not an option, it is a command. Do not get excited about Satan; rather get excited about Gods Kingdom and eternal life. Bibliography Barton B B, Beers R A and Galvin J C (eds) 1996. Life Application Study Bible. Wheaton, IL: Tyndale House Publishers. Erickson M J 1996. Christian Theology (2nd ed.). Grand Rapids: Eerdmans. Erickson M J 1996. Contemporary Options in Eschatology. Grand Rapids: Baker Books. Gross E N 1990. Miracles, Demons, and Spiritual Warfare. Grand Rapids: Baker Book House. Moriarty M G 1992. The New Charismatics. Grand Rapids: Zondervan. Morphew D J 1991. Breakthrough: Discovering the Kingdom. Cape Town: Struik Christian Books. INTRODUCTION Jesus handed down all His power and authority to us, but do we really appreciate this enormous opportunity to continue the legacy of Jesus Christ. Some people say that they do not experience the amazing works of God displayed in their lives. Did Jesus Christ loose His power and authority? Or is something wrong in us; we who proclaim that we belong to Jesus Christ. Let us find the answers and rekindle the flame of boldness, obedience, courage and power through Jesus Christ. ASSIGNMENT 3 3.1. The task of extending the kingdom. I agree with both these statements for the following reasons: Jesus did give authority and power to His disciples. But go rather to the lost sheep of the house of Israel. And as you go, preach, saying, The kingdom of heaven is at hand. Heal the sick, cleanse the lepers, raise the dead, cast out demons. Freely you have received, freely give (Matthew 10:6-8, LASB). The disciples had tremendous results as they ministered with authority in Jesus name. In Luke 4:18-20, LASB Jesus told Peter and Andrew to leave their fishing business and become fishers of men, to help others find God. They had to practise Christs teachings and share the gospel with others (Grudem 1994:83). Jesus also went and designated seventy messengers. These disciples were not fully qualified, but their willingness and their awareness of Jesus power made them excellent candidates to reach all people. We read that when the seventy returned, they were delighted and full of victory. Then the seventy returned with joy, saying, Lord, even the demons are subject to us in Your name (Luk e 10:17, LASB) (Grudem 1994:92). Yes I agree, we the men and women of this world needs to preach the gospel based on the fact that Jesus Christ died on the cross and through His resurrection. Yes, we can still make use of Satan through our selfishness and sin, but do we really what to hamper our relationship with God. If we do not preach the gospel, teach the principles of the kingdom of God, heal the sick and deliver the demonised, who will. John 14:12, LASB Most assuredly, I say to you, he who believes in Me, the works that I do he will do also; and greater works than these he will do, because I go to My Father. Jesus Christ gave the bible to teach and direct, the Church to support and the Holy Spirit to annoint. 3.2. The role of deliverance in extending the kingdom. Are demons described in the Scriptures as malignant entities with identity and personality? Give reasoning and references. Yes I would say that demons are distinct persons with indentities and personalities. Each has a name, though we only know the names of a few, for example the serpent (snake) in the Garden of Eden. Demons possess supernatural intelligence. They demonstrated insight into the identify of Jesus when He healed all the sick and demon-possessed. Then He healed many who were sick with various diseases, and cast out many demons; and He did not allow the demons to speak, because they knew Him (Mark 1:34, LASB). They definitely know their future. The two demon-possessed men when they saw Jesus thought He was only going to torment them at the end of the world. And suddenly they cried out, saying, What have we to do with You, Jesus, You Son of God? Have You come here to torment us before the time? (Matthew 8:29, LASB). How did the Lord Jesus deal with demons by counselling or medicating the victim, or by delivering him/her with a word of command? Give reasoning and references. Jesus made use of practical examples in His dealings with demons and there were always people to witness this events. And He was preaching in their synagogues throughout all Galilee, and casting out demons (Mark 1:39, LASB). Jesus used His name to cast out demons. And these signs will follow those who believe: In My name they will cast out demons; they will speak with new tongues; (Mark 16:17, LASB). Jesus cast demons not only out of people with evil spirits, but also out of people who were not affected by demons. Some of the people never even realised their sickness were caused by demons. When the sun was setting, all those who had any that were sick with various diseases brought them to Him; and He laid His hands on every one of them and healed them. And demons also came out of many, crying out and saying, You are the Chri st, the Son of God! (Luke 4:40-41, LASB). Is it the Lords expectation that we should deal with demonic conditions in the same way as He did? Give reasons and references. Firstly, Jesus wants us to use the spiritual armour He gave us. Therefore take up the whole armour of God, that you may be able to withstand in the evil day, and having done all, to stand (Ephesians 6:13, LASB). Without the armour people will be vulnerable to Satans attack. We must walk in honesty, righteousness, faith, love, hope, peace, readiness, speaking the Word of God and praying in the Spirit. We need all this to be successful against Satan and his demons. Jesus expects us to stand against Satan. We need wisdom and power from God to overcome them. We should walk in love, though this will definitely frustrate the demons. Jesus prayed for people and so should we. We should also know the truth, and the truth will make us free. 3.3. The role of prayer in extending the kingdom. Below are three statements about the role prayer plays in extending the kingdom of God. Which one do you support and why? I want to agree with the first two statements. The second statement more than the first. Prayer is the foundation of every Christian person (Wegerle 1997:3). We should by now realise the value of prayer otherwise we will never be moved to do things. Day and night we must pray. This Book of the Law shall not depart from your mouth, but you shall meditate in it day and night, that you may observe to do according to all that is written in it (Joshua 1:8, LASB). Prayer produces a strength (a spiritual strength) that can get things done. Assuredly, I say to you, among those born of women there has not risen one greater than John the Baptist; but he who is least in the kingdom of heaven is greater than he. And from the days of John the Baptist until now the kingdom of heaven suffers violence, and the violent take it by force (Matthew 11, 11-12, LASB) (Wegerle 1997:4). To pray you do not have to prepare any special formulas. God knows our hearts, if our hearts are pure and good, we can tell God anything (Grudem 1994:61). Prayer definitely releases the power and authority of God. In Matthew 16:19, LASB Jesus made an enormously big statement. Jesus gave us the keys to His kingdom. With this keys we can open the heavenly treasure-house hear on earth. We have the authority to bind Satan and his demons and change the behaviour (sins) of people (Wegerle 1997:16-18). Prayer is not an acknowledgement of need. God knows what we want and we must keep on praying in faith (Grudem 1994:57). 3.4. The role of the Spirit in extending the kingdom. Evaluate the contentions made in the quotation below and support your views with Scripture. We have entered into the time where great treasures of knowledge are revealed and teached to men and women by the Holy Spirit (Grudem 1994:112). We the annointed messengers should walk in the Spirit and deliver this knowledge. I say then: Walk in the Spirit, and you shall not fulfill the lust of the flesh. For the flesh lusts against the Spirit, and the Spirit against the flesh; and these are contrary to one another, so that you do not do the things that you wish. But if you are led by the Spirit, you are not under the law (Galatians 5:16-18, LASB). The Holy Spirit is Jesus Christs representative in the church. Jesus took His seat in heaven and the Holy Spirit came down to begin the work of building up the body of Christ (Grudem 1994:113-114). For by one Spirit we were all baptised into the body whether Jews or Greeks, whether slaves or free and have all been made to drink into one Spirit (1 Corinthians 12:13, LASB). We must get accustomed to proclaiming the Gospel with the Holy Spirit sent down to us with power. And you became followers of us and of the Lord, having received the word in much affliction, with joy of the Holy Spirit, so that you became examples to all in Macedonia and Achaia who believe (1 Thessalonians 1:6-7, LASB). No pastor can preach the Word of God without consulting the Holy Spirit for annointing. The Holy Spirit can manifest Himself in a Church service and create an atmosphere of love. Usually then people submit their lives and wills to Jesus Christ (Grudem 1994:111-112). Now hope does not disappoint, because the love of God has been poured out in our hearts by the Holy Spirit (Romans 5:5, LASB). 3.5. The role of sign gifts in extending the kingdom. Comment on the logic in the following quotations by John MacArthur. Contrast MacArthurs views with those of teachers from the Charismatic movement. Finally, indicate your views on the meaning of Hebrews 2:3-4. The first quotation for me personally gives the idea that God is not truly present and that God did not leave us anything. It feels as if the line Once the Word was complete, it was all over really means that Jesus do not exist for us today and God will never be glorified. Then the Messiah is not authentic and true anymore (MacArthur 1992:127). I might agree with him on some issues for instance, we read in the Bible that Jesus and the disciples did wonderful miracles and healings. They raised the dead, healed cut-off ears and restored the crippled. The miracles of healing today is not so intense and frequent as in Jesus time. I want to agree in what Edward Gross (1990:36-37) believes. God does work miracles today. He says that God will never oppose His Word. He honors His Word even in greater ways than He honors His own name (Psalm 138:2, LASB). Miracles and healings will keep on happening. Jesus ministry has given to us His teachings. Although we did not see these miracles and signs , we base our believe on the people in the Bible that were eyewitnesses. This must be encouragement for us to go on and perservere because I do believe in a miracle working God. In the second quotation I agree that miracles, wonders and sign gifts were given to the first generation apostles. And when He had called His twelve disciples to Him, He gave them power over unclean spirits, to cast them out, and to heal all kinds of sickness and all kinds of disease (Matthew 10:1, LASB). Let us face it, even during the apostolic age Christians could not do signs and miracles. Those qualities were unique to the apostels (MacArthur 1992:126). But, what I do believe is that God intervenes supernaturally in human beings today. God can heal people inspite of what medicine say. All things are possible with God. But Jesus looked at them and said to them, With men this is impossible, but with God all things are possible (Matthew 19:26, LASB). Conclusion Most of the time we are limiting our own power, but it is Gods will to release the power in me and you. Let us not deprive ourselves the opportunity to be in the spirit, but be guided by the Holy Spirit. The Kingdom of God is extending everyday more and more because it is the mind of God. In the Kingdom of God are peace, love and perfect joy.

Financial Ratios: TESCO and J. Sainsbury Essay

1. Introduction The purpose of this report is to conduct a comparative ratio analysis of the financial statements of J. Sainsbury PLC and Tesco PLC for the year-ending 2013. The financial information that is provided from each company’s annual report and the comparison between them will help possible users of this analysis to understand not only the differences between these two companies but also each company’s weaknesses and strengths. Below, the profiles of the two companies will be referred as well as eight accounting ratios for each company will be presented in order to have the appropriate financial information to analyse. Furthermore, the possible users of this analysis will be identified and all their differing information requirements will be mentioned. Finally, there will be provided a short discussion on the importance of supplementing financial analysis with non-financial considerations and a general conclusion will be made which will contain a summary of the main findings of this report. 1 .1 Tesco’s PLC profile Tesco PLC (Public Limited Company) is a food retail company which operates in nine markets with 923 stores across the world. It employs more over 240,000 people which sell its products giving access to 260 million people (Tesco PLC., 2014). Over the past five years, Tesco has expanded from the UK’s supermarkets into new countries with new products and services including a major non-food business. More specifically, the company has started to sell electrical devices, internet shopping, toys, sports equipment, home entertainment, home shop, cook shop and furniture. Also it provides financial services in cooperation with Royal Bank of Scotland serving 3.4  million customers which reveals the company’s intentions to expand in new markets. 1.2 J. Sainsbury’s Profile Sainsbury PLC is engaged in grocery and related retailing. The company’s activities are organised into three segments which are retailing (supermarkets and convenience), financial services (Sainsbury’s Bank), and Property investments (The British Land Company PLC and Land Securities PLC) (Reuters, 2014). The Company employs around 150,000 people and it operates over 1,000 stores acquiring 572 supermarkets and 440 convenience stores. The Company also acquires an online entertainment company, Global Media Vault Limited and HMV Group plc’s holding in Anobii Limited, a social network and online retailer of e-books. 2. Financial-accounting information and ratios According to Roger Hussey (Hussey, 1999), the financial accounting information is primarily concerned with communicating a ‘true and fair view’ of the financial performance and financial position of an entity to external parties in accordance with established principles, legal requirements and accounting standards. The general purpose of financial statements is to provide information that is useful to a wide range of users for making economic decisions and assessing the organizational management (IFRS, 2014). Accounting ratios are related with this information and their purpose is to describe a quantitative relationship between two values permitting the comparison of company’s performance with the previous years, competitors and with the industry benchmarks. Below, profitability, liquidity, working capital control and financial risk ratios will be presented and compared for the two companies providing the appropriate financial information. 2.1 Profitability and efficiency ratios The main objective of a financial statement analysis is to value a firm’s equity securities which mean that the firm has to ensure its profitability for the future (Mackenzie et al., 2013). Profitability and efficiency ratios are used by financial information users in order to assess the firm’s operating performance. They provide information about how much profit the firm makes in relation with its sales and how efficiently the business is using its assets to generate revenue. 2.1.3 Return on capital employed (ROCE) is a financial ratio that measures the percentage return on the total funds employed in the business and shows how effective management is in generating revenue and controlling costs. TESCO plc has slightly a bigger ROCE percentage than its comparable company J. Sainsbury which fact for some people would be irrelevant but if it will be examined in depth it can be comprehended that TESCO company has a better management because it uses more efficiently its capital. 2.1.3 Asset turnover ratio TESCO GROUP Asset turnover ratio  £m Sales revenue 64,826 Capital employed 22,550 Asset turnover (%) 287,47 % J. Sainsbury Asset turnover ratio  £m Sales revenue 23,303 Capital employed 9,580 Asset turnover (%) 243,24% Asset (or capital) turnover ratio measures how many times the capital employed was turned over during the year to achieve the revenue which fact indicates the efficiency of the company’s deployment of its assets. The above tables show that even though the two companies surpass the rank of one hundred percent which means that their capital employed was turned over at least one time during 2013, TESCO exceeds J. Sainsbury for 44, 23 %. This fact demonstrate that TESCO deploys almost a half time more efficiently its assets than J. Sainsbury and in accounting terms it is explained as 2.87 dollars were generated per dollar of assets 2.2 Liquidity and working capital control 2.2.1 Current ratio TESCO GROUP Current ratio  £m Current assets 13,096 Current liabilities 5,889 Current Ratio x:1 2.22:1 J. Sainsbury Current ratio  £m Current assets 1,914 Current liabilities 3,115 Current Ratio x:1 0.61:1 Current ratio is a liquidity ratio that measures the ability of the company to meet its short-term obligations (liabilities) such as debt and payables with its short-term assets such as cash, receivables and inventory. TESCO’s current ratio is estimated to 2.22:1 and it absolutely does not seem to have any liquidity problem in the business in contrast to J. Sainsbury company which current ratio is estimated to 0.61:1. More specifically, these numbers show that TESCO had 2.22 dollars of current assets for each dollar of current liabilities and J. Sainsbury had 0.61 dollars of current assets for every dollar of current liabilities. These results reveal a liquidity problem that J. Sainsbury has which means that the firm can not pay its short term obligations properly. However this does not necessarily mean that the company will be a bankrupt in the near future if it will not pay its short-term liabilities for some small period of time but it is definitely a bad sign of not good f inancial health and it is required from the company to access more financing sources in order to overcome this problem. 2.2.2 Quick ratio TESCO GROUP Quick ratio  £m Current assets 13,096 Inventories (3,744) Current liabilities 5,889 Current Ratio x:1 1.58:1 J. Sainsbury Quick ratio  £m Current assets 1,914 Inventories (987) Current liabilities 3,115 Current Ratio x:1 0.29:1 Quick ratio is an another liquidity ratio and it is very similar to current ratio but the difference from these two ratios is that quick ratio is more conservative because it shows the relationship between liquid assets (from which the inventory is excluded) and current liabilities in contrast to the other ratio. The results are almost the same except the ratio numbers. TESCO has 1.58 dollars of liquid assets available per one dollar of current liabilities and J. Sainsbury has 0.29 of liquid assets for each dollar of current liabilities. The problem for J. Sainsbury remains the same as the company has a bad finance health because it cannot meet properly its short -term obligations. 2.2.3 Inventory Turnover and holding ratio TESCO GROUP Inventory Turnover ratio  £m Cost of sales 60,737 Inventories 3,744 Inventory Turnover ratio 16.22 J. Sainsbury Inventory Turnover ratio  £m Cost of sales 22,026 Inventories 987 Inventory Turnover ratio 22.31 Inventory turnover ratio measures the times that an inventory was sold and replaced over a specific period of time. A low turnover ratio indicates low sales and simultaneously an excess in the inventory of the company which can lead to liquidity problems. On the other hand, a high turnover shows that the firm either has good sales or it implies ineffective buying of its products which mean that the company buys small quantities of product very frequently for a higher price than this that it would get if it would buying bigger quantities leading to a shortage or an inadequate inventory. TESCO during 2013, has turned over its inventory 16.22 times which is 6.09 lesser than J. Sainsbury’s turnover which is estimated to 22.31 times for the same year. This means that in comparison with J. Sainsbury even though that TESCO is a bigger company, in relation with both companies’ capabilities TESCO seemed to have an excess in the inventory which reveals the fact that the company w as dropped out from its expectations in contrast to J. Sainsbury. More products in the inventory implies more cost for the firms so both of them and more specifically TESCO have to improve its ability to liquidate  its stocks from the inventory. 2.2.4 Inventory holding ratio TESCO GROUP Inventory holding period ratio  £m Inventories 3,744 Cost of sales 60,737 Inventory holding period ratio 22.49 days J. Sainsbury Inventory holding period ratio  £m Inventories 987 Cost of sales 22,026 Inventory holding period ratio 16.35 days Similarly to the inventory turnover ratio, inventory holding period ratio shows the period of time (days) that stocks were kept in the company’s inventory. A low inventory holding period indicates that stocks that were kept in the inventory were for a small period of time. Accordingly happens when the inventory holding period is high which means that stocks in there are kept for a long period of time. According to Japanese industry statistical website (M&A BANK Co. LTD, 2014), the average inventory turnover for food retail companies such as TESCO and J. Sainsbury, is 34.44 days. The fact that TESCO has a bigger inventory turnover is illustrated in the inventory holding period for both companies. For each inventory turnover, TESCO was keeping its inventory for 22.49 days and J. Sainsbury for 16.35.  These results lead to the same conclusions of inventory turnover statements that were mentioned above. 2.2.3 Receivables collection period TESCO GROUP Receivables collection period ratio  £m Trade receivables 2,525 Sales revenue 64,826 Receivables collection period ratio 3.89 days J. Sainsbury Receivables collection period ratio  £m Trade receivables 306 Sales 23,303 Receivables collection period ratio 4.79 days The receivable collection period ratio measures the period of time (days) that the company awaits to collect receivables from its clients. A low receivable collection period indicator shows that the company collects its dues from its clients quickly. If this indicator is too low, then it is understandable that the firm does not offer credit facilities to its clients resulting loss in business. On the other hand, when there is a high receivable collection period indicator it is obvious that the company have some difficulties collecting receivables from its clients. TESCO seems to take its receivables almost one day earlier (3.89 days) than J. Sainsbury (4.79 days) which fact mentions again the difference in the liquidity of these two companies. J. Sainsbury which has a liquidity problem has to collect more efficiently its receivables from customers to empower liquidity  as much possible improving its financial position in the market. 2.3 Financial Risk and debt to equity ratio Financial risk shows the possibility of failure in an investment that an investor would have if he would have invest in a company with debt that would not have meet its financial liabilities (ЛÐ ¸Ã'‚Ð ¾Ã ²Ã' Ã ºÃ ¸Ã'…, 1999). TESCO GROUP Debt to equity ratio  £m Non-current liabilities 14,483 Total equity 16,661 Debt to equity ratio 86.92 % J. Sainsbury Receivables collection period ratio  £m Non-current liabilities 3,846 Total equity 5,734 Debt to equity ratio 67,07 % Debt to equity ratio measures the percentage that corresponds to debt and equity of a company. A high debt to equity ratio means that the company has developed with a big amount of debt which can lead to big interest and would have an impact on shareholder’s earnings or even it would lead to a bankruptcy in an extreme case. In the above table, TESCO shows a debt to equity ratio estimated to 86.92 % and J. Sainsbury 67.07 % which is lower for 19.85 % in relation with the first company. It is obvious that TESCO in  the previous year was aggressively financing its growth than J. Sainsbury which means that the company has many liabilities and it is already on the red line to start facing the consequences of a such high ratio. 3. Users of financial analysis and their information requirements According to Gokul Sinha (Sinha, 2009), â€Å"financial statements are the means of providing information to the various users for their decision making but users are different and accordingly, their needs are also different.† In the below table (Table 1.0) the seven categories of the users of financial analysis will be presented with all of their differing information requirements and potential decisions. 4. The importance of supplementing financial analysis with non-financial statements Non-financial considerations were always a great tool for companies which had the knowledge how to use them. Christopher Ittner and David Larcker (Christopher Ittner, 2000) have stated that by supplementing financial analysis with non-financial statements, the organization creates a closer link to the long-term strategies of it. More specifically non-financial data make the companies to communicate different informational objectives with managers, providing them motivation in order to plan long-term strategies in the future. Moreover they referred that some critics argue that intangible assets such as customer loyalty and intellectual capital are the drivers of success for many companies in different industries and they have to pay more attention on these two. Finally, both authors mentioned about the accompanied noise of non-financial data about which the managers must be aware in order to determine how much success they will get if they make their actions which will lead to a maximizing effect on the organizational performance. 5. Conclusion In conclusion, the profiles and activities of TESCO plc and J. Sainsbury were detailed as well the mean of the financial-accounting information was explained. Furthermore, there were presented two ratios from each of profitability, liquidity, working capital control categories and one ratio that describes the financial risk for both of companies. Afterwards the users of the financial analysis were referred and all of their differing requirements were described. Finally, there was a reference on the importance of supplementing financial analysis with non-financial statements as well as the capabilities of using non-financial considerations. Bibliography Christopher Ittner, D.L., 2000. Mastering Management series. Financial Times. Hussey, R., 1999. Oxford Dictionary of Accounting. Oxford: Oxford University Press. IFRS, 2014. IFRS Foundation. [Online] London: IFRS Foundation Available at: http://www.ifrs.org [Accessed 18 April 2014]. Kirk, A., 2014. Chron. [Online] Available at: http://www.chron.com [Accessed 19 April 2014]. M&A BANK Co. LTD, 2014. EDIUNET Industry Avg. [Online] Available at: http://industry.ediunet.jp [Accessed 19 April 2014]. Mackenzie, B. et al., 2013. Wiley IFRS 2013: Interpretation and Application of International Financial Reporting Standards. New Jersey: John Wiley & Sons. Maynard, J., 2013. Financial Accounting, Reporting, and Analysis. Oxford: Oxford University Press. Reuters, 2014. http://uk.reuters.com. [Online] Available at: http://uk.reuters.com [Accessed 18 April 2014]. Sinha, G., 2009. Financial Statement Analysis. New Delhi: PHI Learning Private. Tesco PLC., 2014. Global Sources. [Online] Available at: http://www.globalsources.com [Accessed 18 April 2014]

The Law of Intention

The law of intention, following the cases of Woollin [1999] 1 AC 82 and Matthews [2003] 3 Cr App R 30, is now satisfactorily defined in the criminal law. Intention, normally means desire to aim at something. However, in criminal law, mens rea known as ‘guilty mine’, it requires two distinguishable intentions which are direct intention as well as oblique intention, and apart from, also recklessness. Direct intention means the consequences of the action is desired specifically, just like murder. Defendant is purposed to achieve the death or the grievous bodily harm (GBH) of the victim R v Mohan [1975].Oblique intention also known as foresight intent, means the consequence which the defendant is not desired, however, it is going to happen when he goes ahead with his acts (Law teacher, 2012). An unsurprising side-effect would result when defendant is achieving some other consequences R V Nedrick [1986]. Under these situations, the court will remind the jury to consider how p robable the consequence was foreseen by the defendant. Generally, recklessness means to take an unjustified risk. It covers the case of harm such as manslaughter or criminal damage.Objective and subjective test will be applied respectively in different cases. In other words, intention could be the worst culpability in mens rea. Follow up would be the recklessness. In the case of R v Woollin [1999], the defendant loose temper with his three-month-old son, and picked the baby up and thrown him to a hard surface. The baby’s skull was fractured and dead afterwards. The defendant was convicted for murder, however, the court quashed and convicted of manslaughter substituted. In this case, the court of appeal upheld that there was a substantial risk, which the child could suffer from serious bodily harm.Substantial risk means the act of the defendant made a strong and significant cause to the death of the victim. The judge directed the jury that the consequence of the act is foresee able by throwing the child to a hard surface. However, the defendant appealed that ‘the court of appeal had widen the definition of murder and should have referred to virtual certainty instead of the jury must find the intention’ (e-lawresources, n. d. ). The appeal was rejected. Virtual certainty is defined as ‘the result will occur unless something completely unexpected occurs’ (Herring, 2012 p. 41). The House of Lord held that the jury is not entitled to infer the intention but only if the defendant realized and the death or the grievous bodily harm was a virtually certain result. Therefore, the appeal allowed in House of Lord and the conviction of manslaughter substituted. Parliament stated clearly that when defendant could foresee the death would be the result of the act did not represent that the defendant intended for murder R v Moloney [1985]. By following this case, the oblique intention can be said to being satisfactorily defined in the criminal l aw.In the case of R v Matthews and Alleyne [2003], the victim was thrown to the river after robbing by the defendants. Before being thrown into the river, the victim had stated that he was not able to swim as he lost his glasses in the attack. However, the defendants ignored what the victim’s said and thrown him to river and watching him drown. Two of them are convicted of murder. As similar as the Woollin case, the judge had directed the jury that to consider whether the consequence of act was foreseeable in order to find out the intention to kill.The court upheld that finding of intent would be ‘irresistible’ (Herring, 2012 p. 141). Defendants appealed against their conviction. However, the Court of Appeal affirmed the conviction. In English law, there is no strict definition on intention is, also there is no direct link between the foresight of consequence and intention. Foresight of consequence must not be an intention. It is clear that jury was not entitled to infer intention unless the death or the serious bodily harm was a virtual certainty.Obviously, in the above case, the result which may not be the defendants’ aim at, that is the death of the victim, may not be the defendants’ final willingness. The result may not be the virtually certain result of their actions. Moreover, the defendants even did not realize that the result was not a virtually certain result of their actions, and therefore, they did not intent the result. That is, this case would be another example to explain oblique intention can be said to being satisfactorily defined in the criminal law.Apart from those examples of oblique intention, the law of intention has also satisfactorily defined in the case of DPP v Smith [1960]. The defendant was asked to drop off from the car after stolen goods. However, he refused to do it and the police jumped onto the bonnet of the car. Defendant drove with high speed in order to get the police off. He swerving from si de to side and until the police was thrown and killed. Defendant was convicted of murder (e-lawresources, n. d. ). The court held it was clear that he had intent to cause serious bodily harm or even intent to kill.The judge directed the jury that if they are satisfied that GBH or the death of the victim would be the result in the consequence of his act. Therefore, the jury convicted him of murder. The defendant appealed against the conviction with the reason that ‘subjective test’ should apply. However, the House of Lord affirmed the conviction and held that the objective test was applicable. Generally, if the result of defendant’s act is virtually certain which can cause grievous bodily harm or death, the jury is entitle to find that he intended the result.The verdict would be guilty of murder or manslaughter, depends on different circumstances. In English Law, there is no strict definition in explaining what intention is. Intention can be distinguish in two asp ects, which are direct intention and oblique intention. As mentioned before, both intentions are desire to aim at something. The main difference between them could be unsurprising side-effect would result in the oblique intention. Depends on different circumstance, the judge would convict different level of penalty.In general cases, the jury are not entitled to infer the intention of the defendants, however, apart from two situations, firstly, the result was a virtually certain result of the defendant’s acts, secondly, the defendant must realize that the result was a virtually certain result of the his act. Otherwise, the jury is not entitled to infer the intention of the defendant. Therefore, the case of R v Woollin and R v Matthews and Alleyne [2003] had clearly explained the law of intention in the criminal law. Table of casesDPP v Smith [1960] R v Matthews and Alleyne [2003] R v Mohan [1975] R v Moloney R V Nedrick [1986]. R v Woollin [1999] Reference Law teacher. (2012). Men's Rea Lecture-Intention. Retrieved 4 Nov, 2012, from: http://www. lawteacher. net/criminal-law/lecture-notes/mens-rea-lecture. php E Lawresources. (n. d. ). R v Woollin. Retrieved 4 Nov, 2012, from: http://e-lawresources. co. uk/R-v-Woollin. php E Lawresources. (n. d. ). R v Matthews and Alleyne. Retrieved 4 Nov, 2012, from: http://www. e-lawresources. co. uk/DPP-v-Smith. php

What Is a AAA Video Game

A triple-A video game (AAA) is generally a title developed by a large studio, funded by a massive budget. A simple way to think about AAA video games is to compare them to movie blockbusters. It costs a fortune to make an AAA game, just as it costs a fortune to make a new Marvel movie—but the anticipated returns make the outlay worthwhile. In order to recoup general development costs, publishers will generally produce the title for the major platforms (currently Microsofts Xbox, Sonys PlayStation, and the PC) to maximize profits. The exception to this rule is a game produced as a console exclusive, in which case the console maker will pay for exclusivity to offset the loss of potential profit to the developer. History of AAA Video Games Early computer games were simple, low-cost products that could be played by individuals or by multiple people in the same location. Graphics were simple or non-existent. The development of high-end, technically sophisticated consoles and the World Wide Web changed all that, turning computer games into complex, multi-player productions incorporating high-end graphics, video, and music. By the late 1990s, companies like EA and Sony were producing blockbuster video games expected to reach a huge audience and rake in serious profits. It was at that point that game makers started using the term AAA at conventions. Their idea was to build buzz and anticipation, and it worked: interest in video games soared, as did profits. During the 2000s, video game series became popular AAA titles. Examples of AAA series include Halo, Zelda, Call of Duty, and Grand Theft Auto. Many of these games are quite violent, drawing criticism from citizen groups concerned with their impact on youth. Triple I Video Games Not all popular video games are created by the makers of Play Station or XBox consoles. In fact, a significant and increasing number of popular games are created by independent companies. Independent (III or triple I) games are funded independently and the makers are thus freer to experiment with different types of games, themes, and technology. Independent video game makers have several other advantages: They are not reliant on franchises and sequels, so they can often reach new audiences;They are often able to build a high-end game with far lower costs than the big game makers;They are more flexible in their response to user feedback and can make changes rapidly. The Future of AAA Video Games Some reviewers note that the biggest AAA video game producers are running up against the same issues plaguing movie studios. When a project is built with a huge budget, the company cant afford a flop. As a result, games tend to be designed around what has worked in the past; this keeps the industry from reaching a wider range of users or exploring new themes or technologies. The result: some believe  that a growing number of AAA video games will actually be produced by independent companies who have the vision and flexibility to innovate and reach new audiences. Nevertheless, games based on existing series and blockbuster movies will not be disappearing anytime soon.