Financial Analysis Advanced Accounting Assignment

Question: A considerable lot of the biggest worldwide firms including Microsoft, Google, Coca Cola and Apple distinguish generous immaterial resources which might be very not quite the same as the more conventional blocks and mortar type associations including BHP. Mechanical advancements have brought about elusive resources become a significant part for some organizations everything being equal. A significant bookkeeping question for any business is whether they can perceive elusive resources as far as AASB 138 and the premise of their estimation after beginning acknowledgment. (a) You are required to electronically get to the Annual Financial Report (AFR) of TWO ASX recorded organizations, one detailing significant intangibles promoted (for example generally radio, TV, electronic turn of events and betting organizations) and the other reflecting little extents of complete resources as immaterial resources (for example retail, mining and development). (b) Using the AFRs you have procured, recognize and look at the acknowledgment of and resulting estimation of Intangibles regarding the AASB Framework for the planning and introduction of Financial Statements and AASB138 Intangible Assets. (Indication the greater part of this examination and analysis will come from the notes remembering the note for Intangible resources and the note on Accounting Policies).You are additionally required to compute proportions, to be accounted for in even configuration, which mirror the when position of the two firms for two relative continuous years (calculates that will be accessible in the yearly reports), to mirror the impact of the expulsion of impalpable resources from the budget summaries. (Note: the functions ought to be given in a reference section.) Answer: Necessity 1 Budget report help to give an unmistakable and exact thought regarding the substantial and impalpable resource of the organization which in the long run help the organization to give an away from about the budgetary situation of the organization in the market and other key explicit territory identified with business activity. The organization needs to recognize the procured resource as the elusive resource based on the ID rules referenced in the AASB 138. As per the AASB 138 necessities, this specific resource can be perceived by the organization as long as it speaks to the reasonable worth which can be estimated dependably. Likewise, the specific resource can be considered as a piece of the business mix regardless of it being an inside created impalpable resource. Accordingly, in light of the reality, the benefit can be perceived as impalpable if, and just if: On the off chance that the normal future worth can be the gotten from the benefit and utilized by the firm, and On the off chance that the expense of the advantage can be estimated consistently After the underlying acknowledgment and it goes to the part of estimating the worth. In this procedure, the whole procedure of estimation can be sought after by the assistance of qualities and their estimation forms. For this situation, the valuable existence of the generosity is should have been estimated so as to check whether it needs to amortize (Mackie, 2009). The judgment of the firm relies upon the evaluation of assurance joined with the stream that can convey the future financial advantages to the firm by the utilization of the benefit. It very well may be performed based on the proof assembled from the hour of introductory recognizable proof of the advantage. Giving the more noteworthy load to the outside confirmations is the piece of the estimation and evaluation process. Prerequisite 2 Thinking about this prerequisite, the determination of the organization has been done and for this situation, the organization is chosen as Echo Entertainment Group Ltd (EE9), as the organization is one of the biggest openly recorded betting organizations in the Australian market. After electronically evaluating the Annual Financial Report (AFR), it is additionally recognized that the organization is announcing the considerable intangibles promoted. Examination of the monetary proportion is done with the assistance of the budget summary which the organization produce toward the finish of each financial year. As per this unique situation, it ought to be referenced that the any costs paid during the time spent investigating the presence of the impalpable resources in the firm can be considered as an operational expense (Moberly, 2014). Costs acquired on an immaterial resource that was recently perceived as business consumption can't be thought of or recognized as the piece of capitaliz ation cost of an impalpable resource sometime in the not too distant future. Necessity 3 In this part the calculation of various kinds of proportions will be shown based on appropriate estimating equations and the entire procedure will be finished by considering two money related long stretches of activity of Echo Entertainment Group Ltd. The reason for this bit is to build up the reality of changes in money related execution by considering the outcomes acquired from the proportions of Before and After Position. The estimation of proportions will be done based on Liquidity, Profitability, Solvency and Turnover regions of the organization (Rodgers, 2008). The consequences of the proportions on a plain premise are appeared in the reference section Prerequisite 4 As indicated by the standards kept up in the AASB 138 identified with the impalpable resources, the reality can be explained as the elements like Echo Entertainment Group Ltd can receive them to report their yearly periods starting on or after first January, 2005. All it requires is de-acknowledgment of impalpable resources that were created inside. Preceding the consideration of this specific rule, it was seen that there are many recorded organizations were getting influenced by the method of the significant effects on their reports. In this way, based on the yearly reports accessible in the middle of 2004 and 2005 for those organizations, the normal results of the AASB 138 provided details regarding the impalpable resources and key monetary reports can be additionally clarified. The fundamental estimation process is done based on the dependable premise and it should be accounted for under both Australian GAAP and AIFRS (Vogel, 2007). Considering the subsequent effect of AASB 138, t he huge changes can be seen in the immaterial resources and measure of obligation value as announced in the AIFRS. The estimation and the assessment of the critical changes in the obligation value proportion by considering the normal change and real change can help the various partners who are utilizing the report for taking their viable choices. For this situation, banking associations can be worth to make reference to as they take their budgetary choice with the regard of the companys money related situation by thinking about the progressions as detailed. In the finish of the procedure, the valuable ramifications can be considered with respect to the straightforwardness of the correspondence in the yearly reports. Necessity 5 Elusive resources are considered as the non-physical resources that are significant for the organization and they have the powerful life more noteworthy than one year. A portion of the instances of impalpable resources for the organization are, licenses, trademarks, copyrights, establishment, name of the organization, permit, altruism, and so forth they used to give the drawn out advantages to the organization (Moberly, 2014). Each organization keeps up represents the immaterial resources and they are treated as the depreciable resources and common assets. The life of these benefits is never permitted to cross forty years and the expense of the immaterial resources are distributed to the cost during the helpful life or lawful existence of them, whichever is shorter. This specific procedure of designating the expense to the cost is called as the amortization and it is known as the best practice that can be utilized by the administration for overseeing and recording the intangibles. It is expected that the administration of the organization has the adaptable capacity to oversee and treat the impalpable resources under the rules and gauges of bookkeeping standards. In view of the inspirational desire, considering the straight-line strategy to amortize the impalpable resources can be helpful for the administration of the organization. For this situation, the organization of Echo Entertainment Group Ltd can utilize the straight-line amortization strategy to treat its altruism in the budgetary year of 2014. In the event that the generosity should have a helpful existence of five years then the measure of amortization every year will be AUD (1442/5) = AUD288.4 m. Along these lines, the organization will charge AUD288.4 m as the amortization costs and credit the equivalent from the estimation of altruism. For this situation, it is worth to make reference to, when the substance gain another element, the estimation of altruism is considered as the fundamental distinction (Vogel, 2007). The distinction can be set up by the method of the price tag and the measure of value that are not related with the advantages or liabilities during the time spent securing. As per the diverse bookkeeping diaries, generosity has the capacity to produce the free incomes. As indicated by the diary named Intangible Asset Accounting, the amortization ought to be done based on the helpful existence of the impalpable resources and the sum to be amortized ought to be considered as the expense to be recorded by the administration in the wake of taking away the remaining worth, assuming any. On the standard perspective, the full estimation of immaterial resources should be amortized as the association of the lingering esteem can't be seen into those advantages. References: Mackie, C. (2009).Intangible resources. Washington, D.C.: National Academies Press. Moberly, M. (2014).Safeguarding immaterial resources. Oxford: Butterworth-Heinemann. Rodgers, P. (2008).Financial investigation. Oxford: CIMA. Vogel, H. (2007).Entertainment industry financial aspects. Cambridge: Cambridge University Press.

John Steinbecks East of Eden - The Character of Adam Trask :: East Eden Essays

The Character of Adam Trask in East of Eden   In Webster's Encyclopedic Unabridged Dictionary of the English Language, the word love is characterized as a significantly delicate, enthusiastic fondness for someone else. Love can unite two individuals yet it can likewise have an individual be dismissed by another on account of adoration. In the novel East of Eden by John Steinbeck, the primary character, Adam Trask, goes up against a sentiment of adoration all through the entire book however he either dismisses the affection for individuals who care about him or has his adoration dismissed by the individuals that he thinks about. At the point when Adam was a youngster in the start of the novel, his dad, Cyrus Trask adored him however Adam didn't cherish him back and when Adam went into the military he didn't return home until his dad's demise. Later on in the story Adam truly cherished his better half, Cathy, yet she didn't adore him back thus when she attempted to leave him and he would not let her, she shot him. Despite the fact that Adam endure he was unsettled for the greater part of his life since he despite everything cherished her. Through Adam's encounters of adoration in the novel, John Steinbeck shows that Adam Trask has a failure to deal with affection.   At the point when he initially shows up in the novel, Adam Trask is a youngster who isn't cherished by his sibling or mom however just by his dad. Cyrus had rebuffed Adam previously and had attempted to instruct him to be a trooper thus Adam detested him for that and when Cyrus disclosed to him he cherished him, Adam didn't acknowledge his adoration. Cyrus tells Adam, I believe you're a weakling who will never add up to a pooch piece of poop. Does that answer your inquiry? I love you better. I generally have. This might be a terrible thing to let you know, however it's actual. I love you better. Else for what reason would I experience given myself the difficulty of harming you? (Steinbeck 28). Cyrus is disclosing to Adam that he has consistently adored him and that the main explanation that he rebuffed him is on the grounds that he cherished him. He needs Adam to go into the military since he realizes that Adam would be gallant and since Cyrus was in the military, he needs to pass on the inheritance. At the point when Adam got back home from his release, his sibling and him were discussing their dad and Adam came clean with him.

Global Warming Essay Example for Free

A worldwide temperature alteration Essay Consistently we approach our own business. A significant number of us never set aside the effort to glance around and perceive how we are influencing our earth’s climate. Wherever you look today you will undoubtedly observe some processing plant or apparatus dirtying our air. Simply think how often you have seen those huge semi trucks or enormous petroleum product industrial facilities radiating thick dull smoke into the air. We have to come to the real world and understand that all that contaminating we have been doing in the course of the last 50 years is at last getting up to speed to us. It is exceptionally simple to distinguish through logical research that our earth’s atmosphere is changing, Time magazine reports in its 2004 issue that the earth’s normal temperature is expanding at a consistent rate. Truly, we as a whole have heard the term â€Å"global warming†, anyway numerous individuals don’t know top to bottom what a dangerous atmospheric devation is, or how our activities will influence our earth on the off chance that we don’t react to the issue. In the event that we can instruct ourselves on what a dangerous atmospheric devation is and how it will influence us in the close and far future, we would then be able to start to change our old propensities for dirtying and make new propensities and objectives to living in an a lot more advantageous and cleaner condition. During the most punctual occasions, the ways of life of our predecessors were extremely basic. The air they inhaled was spotless. The streams were clear and liberated from hurtful living beings. They utilized common manures for their horticultural yields. The environmental factors were liberated from family disposables. Today, there has been a huge development in science and innovation. Such advances have achieved changes as far as new items, improved hardware, and increasingly successful strategies. Lamentably, this equivalent innovation which made life simpler for us created squanders which are currently influencing the nature of our encompassing air, water, and land. Production lines and engine vehicles send huge amounts of poisons into our air. Extreme air contamination represents a threat to our wellbeing and condition. It can moreover cause hindered development and even passing to our plants. Out streams are dirtied by releases from modern plants that utilization synthetic substances. Trash and sink squanders are imprudently tossed in our environmental factors. Engineered composts and bug sprays dirty our territory and homestead items. Simultaneously, the consuming of non-renewable energy sources, especially coal and oil, produces sulfur dioxide and nitrogen oxides which are unsafe to the air. Discoveries show that a solitary smokestack may create as much as 500 tons of sulfur dioxide daily. At the point when these gases consolidate with oxygen and dampness, sulfuric corrosive and nitric corrosive is shaped. The downpour will convey the acids to the ground (corrosive downpour) which may cause the exhaustion of calcium and magnesium in the dirt, components required by plants for the arrangement of chlorophyll and wood, or it might cause the arrival of aluminum in the dirt, which are harmful and can slaughter the foundations of trees. How might we deal with our condition? We should embrace measures to save our assets and limit use of vitality before it’s past the point of no return. Our battle against contamination is an underlying advance toward monitoring our natural assets and vitality. We should all hold hands for this shared objective. Moreover, of all issues influencing mankind, environmental change is the most unavoidable and genuinely worldwide, representing an undeniable and genuine risk to our condition. Environmental change is the adjustment of the example of worldwide atmosphere that might be because of human action that modifies the sythesis of the air.

Culpability of the Fisherman in Seamus Heaneys Casualty - Literature Essay Samples

Seamus Heaney’s â€Å"Casualty† is written as an elegy for a friend who was killed in a bombing in Northern Ireland shortly after Bloody Sunday. His friend, who was a Catholic, failed to obey a curfew set in place by the Irish Republican Army. He was consequently killed in the bombing of the pub he often frequented. â€Å"Casualty† serves as an elegy for this friend in that Heaney uses it to remember and honor the deceased. The poem also allows Heaney to express his opinion on the relative guilt of his friend and of the I.R.A.Central to â€Å"Casualty† is the question of the Fisherman’s responsibility in bringing about his own death. Heaney asks the reader, â€Å"How culpable was he/ That last night when he broke/ Our tribe’s complicity?† (78-80) He can imagine his friend replying, â€Å"Puzzle me/ The right answer to that one.† (83-84) The poem ends with an echo of this question as Heaney suggests, â€Å"Question me again.â⠂¬  (112) This repetition of the question of the guilt of the friend suggests to the reader that this poem was meant to convey a political message in addition to its function as an elegy that Heaney uses to pay respects to his friend. We are meant to analyze this poem to determine for ourselves whether the violation of this curfew, imposed by the Fisherman’s own people, was enough to warrant his death. By choosing not to follow the curfew agreed upon by the Catholics in Northern Ireland, the Fisherman is seen as going against his people, his â€Å"tribe.† Therefore the question of his guilt seems to rely upon deciding whether the rights of an individual should be valued higher than the collective good of his or her people. The Fisherman’s crime was turning his back on his people. Heaney reinforces this theme with imagery describing the Fisherman as he was all those nights in the pub, â€Å"His fisherman’s quick eye/ And turned, observant back.† (1 9-20) Heaney is comparing the literal way in which the Fisherman sat in the bar, with his back turned to the rest of the patrons, to the figurative way he turned his back on his people. The Fisherman goes against the agreement of the Catholic community to fulfill his individual desires. Heaney seems to find issue with this being a justification for his death and he asks reader to consider whether the crime of disobeying the will of one’s people is enough to warrant murder. Both Heaney and the Fisherman were Catholic and were therefore expected to obey the curfew imposed by the Irish Republic Army. However, Heaney portrays the Fisherman as having little choice about breaking the curfew in that he was compelled by his habit to seek the alcohol: For he drank like a fish Nightly, naturally Swimming towards the lure Of warm lit-up places (70-74)Here, Heaney makes it seem as if the Fisherman’s need to drink made it so â€Å"he would not be held/ At home by his own crowd/ Whatever threats were phoned.† (60-63) Fueled by his addiction, it seems the Fisherman had little control over his choice to disobey curfew. Heaney describes how he can imagine his friend in the moments leading up to his death: I see him as he turned In that bombed offending place, Remorse fused with terror In his still knowable face (64-67)That his face, in Heaney’s imagination, showed remorse, indicates that the Fisherman was aware of his transgression. His compulsion coupled with his repentance seems to lessen his guilt, make him seem less â€Å"culpable† and less deserving of his fate.The idea that Heaney is defending his friend, the Fisherman, can be supported through analysis of how Heaney presents the man’s character throughout the poem. The poem begins with Heaney remembering how his friend behaved at the pub. He describes him as a quiet man who kept to himself: He would drink by himself And raise a weathered thum b Towards the high shelf, Calling another rum And blackcurrant, without Having to raise his voice (1-6)Because he keeps to himself, we can infer that the Fisherman was not one to cause trouble or bother those around him. Occasionally, the Fisherman would start a conversation with Heaney and would attempt to discuss poetry with him, â€Å"In the pause after a slug/ He mentioned poetry/ We would be on our own.† (27-29) From this quote, we can build on our perception of this man as quiet and as a loner. Heaney points out that when the Fisherman would begin a conversation, they would be alone; it would not be a public conversation where others would be able to intrude. Heaney’s portrayal of his friend, coupled with the imagery of his â€Å"turned, observant back,† suggests that this Fisherman, because he was a loner, did not seek out the company of others often and he therefore seems to be an outsider of society. The final lines of the poem, Heaneyâ₠¬â„¢s final comment on the guilt of the Fisherman, leave the reader with the impression that Heaney does not find the Fisherman culpable in his decision to break curfew. Heaney describes a fishing trip he took with his friend, â€Å"When he took me in his boat/ The screw purling, turning.† (99-100) He describes the setting in the boat, on the water as the Fisherman’s natural habitat:As you find a rhythm Working you, slow mile by mile, Into your proper haunt Somewhere, well out, beyond†¦ (106-109)This isolated setting fits in with Heaney’s portrayal of his friend as a loner. During this trip, Heaney understands and empathizes with the Fisherman’s love of these peaceful voyages. Heaney begins to enjoy the isolation as well and describes his empathy for the Fisherman to the reader, â€Å"I tasted freedom with him.† (102) Because Heaney understands the time alone on the boat to be â€Å"freedom† to the Fisherman, it suggests that h e does not find fault in his friend for living outside the boundaries of society. He accepts that to his friend, it is not a disgraceful thing to wish to be outside of society. The Fisherman finds solace in the freedom that his time away from people gives him. The last stanzas of the poem seem to show that Heaney’s opinion is that his friend was justified when he put his individual rights, his freedom, above the rules of his people. In â€Å"Casualty† Heaney asks the reader to examine the culpability of his friend, the Fisherman, for ignoring the rules set in place by his people, the Catholics of Northern Ireland. Although he ultimately leaves it to the reader to decide the extent of the Fisherman’s guilt, Heaney makes his opinion on the matter clear throughout the poem. The central theme of individual’s rights versus the good of a people is central to the poem. Heaney suggests that his friend’s addiction to alcohol compelled him to break curfew an d suggests that he must have felt remorse for this decision. He portrays his friend as a loner who kept to himself and was never a problem to those around him or society as a whole. Heaney sympathizes with this man’s need for isolation, recognizing this social isolation as freedom to the Fisherman. Taking all these things into account, it seems as if Heaney is suggesting that his friend, who lived his life as an outsider of society, was justified in disobeying its rules to seek out and fulfill his individual needs.

Analysis Of Elizabeth Huey s The Superintendent

Throughout its long history, art has evolved from images splattered onto cave walls into brilliant paintings done by easily recognizable artists such as Pablo Picasso. Recently, contemporary artwork has been making its own name in the world of art by introducing many new techniques and styles of art. One of these artists is Elizabeth Huey. Huey has been one of many artists who have changed the style of artwork over the last few decades. Instead of being full of biblical references, Huey’s artwork represents an observation of something she saw, and then added her own personal characteristics to it. These characteristics are demonstrated in her painting titled â€Å"The Superintendent†, along with several other paintings done by her in the past decade. Elizabeth Huey was born in 1971. She obtained a MFA from Yale University after obtaining a BA in Psychology from George Washington University in Washington, D.C. Prior to receiving degrees, Huey studied art and completed re sidencies in Miami, Florida, Saratoga Springs, New York, and at the Terra Foundation of American Art in Giverny, France (Huey). To this day, she works in her studio in Los Angeles, California on contemporary artwork. In all of her artworks, Huey focuses on material surrounding humanity and healing. Her techniques could be referred to as â€Å"hipster† like, however they have a tremendous following in the art world of today, with many of her pieces having places in several art museums across the country. For example,Show MoreRelatedLogical Reasoning189930 Words   |  760 PagesAcknowledgments For the 1993 edition: The following friends and colleagues deserve thanks for their help and encouragement with this project: Clifford Anderson, Hellan Roth Dowden, Louise Dowden, Robert Foreman, Richard Gould, Kenneth King, Marjorie Lee, Elizabeth Perry, Heidi Wackerli, Perry Weddle, Tiffany Whetstone, and the following reviewers: David Adams, California State Polytechnic University; Stanley Baronett, Jr., University of Nevada-Las Vegas; Shirley J. Bell, University of Arkansas at Monticello;

Essay on Power of perceptiom - 1263 Words

Jay Z: The power of perception The human experience in general is essentially the same for every individual. Us or We humans as a whole undergo similar life events such as birth, after that we experience growth and then finally death (Seger 386). These individual experiences (and more) when combined tend to form a story line. Although the storylines tend to differ from person to person, one thing, which is consistent in every storyline, are the characters. In these storylines the characters are modeled after specific archetypes, which Kent Wertime describes as â€Å"Invisible connectors that link people to commercial and entertainment images, producing consumer fascination and shaping their beliefs†(201). are traits and qualities that are†¦show more content†¦Jay Z is effectively able to utilize not just one but three different archetypes- the gangster, the businessman/ruler and the reformer in order to build a large following, achieve massive success in the music industry and become the de facto l eader for the black community. Throughout his extensive career, Jay Z was continuously able to rebrand and mold himself in to different archetypes. When he first stepped in to the public scene, the rapper established himself as the ex-drug dealer by fully utilizing the gangster archetype. This archetype was quite popular among the rappers at the time because the hip-hop community and fans alike stressed on the importance of having ‘street credibility’. Generally speaking a gangster is defined as someone who participates in organized crime and racketeering whether it be drugs, theft, murder etc. Archetype expert Matthew Sorrento describes the gangster as an â€Å"assertive, self-made man [who] in trying times, went against the law to make the world his own† (9). Although the reasons as to why people chose this criminal path is sometimes unknown, the most logical reason is that many of these individuals come from poor and impoverished backgrounds (Sorrento 9). As a result these individuals resort to criminal activities as a way of earning an income and securing themselves, their partners and their loved ones financially. To be a gangster one must have

Environment for Regional - Economic - Cultural And Policy Issues

Question: Discuss about the Tourism And The Environment for Regional, Economic, Cultural And Policy Issues? Answer: Introduction: Tourism is one of those sectors which are rapidly changing with the influence of social, economic and technological trends. However, Copacabana beach of Rio de Janerio is one of the most beautiful attractive beaches in the world, which maintains its all cultural and natural resources by managing sustainable tourism. This famous beach was created in the year 1930 by Marx with a vision to reflect the waves of the sea (Briassoulis and Van der Straaten 2013). The atmosphere of this beach is very vibrant, and tourists are always attracted to this place for its fireworks and New Year parties. In the literature review part sustainability factors of Copacabana and framework of sustainable tourism management will be analyzed. Literature Review Sustainable Tourism in Copacabana Researchers have analyzed that tourism facilities features of Copacabana have developed a sustainable tourism to meet the needs of host regions and the requirements of tourists. While doing this, it also protects and enhances the opportunities for future sustainable tourism (Hall and Gssling 2013). USA government has made substantial plans for the sustainable tourism developments of this place by enforcing regulation and legislation laws on the infrastructure developments. Useful data will be collected from primary and secondary resources to measure the performance of sustainability and based on those data interpretation will be done. Figure 1: Copacabana Beach of Rio de Janerio (Source: Copacabanapune.co.in 2016) Steps Used For Sustainable Tourism Management Weaver (2012) has found that Copacabana has developed their tourism facilities by adopting some brilliant management strategies and steps which engage resource audit for tourism, environmental and social impact assessment and physical alterations. These strategies help to cope up projects and develop audits for sustainable management. These methods help to identify heritage and tourism issues which are very vital in this aspect (Waligo, Clarke and Hawkins 2013). Copacabana authorities develop tourism heritage and regional strategic plans to make new tourism products. Researchers have identified that several people like tourist operators, other tourist organizations, park managers. Several community groups and local government have contributed to making this place the best tourist spot in the world. Tourism Operators They help to improve and increase the values of tourism products by innovations (Lee 2013). It contributes to building the strong relationship with the heritage and land managers. Local Government Helps to build development plans for regional tourism and help to develop new projects. Tourism Business In order to improve awareness among the staffs about the tourism issues to develop new business ideas (Getz and Timur 2012). Tourism Organizations Helps to identify new opportunities for sustainable tourism policies. Park Managers Help to build strong communication platforms and partnerships with Community Groups They help to understand the cost and benefits of sustainable tourism for the regions. Attraction Managers And Cultural Heritage Agencies They make sure the fact that cultural heritage of the place is effectively managed as the resource of tourism (Buckley 2012). Regional Organizations They check and monitor whether tourism issues of sustainable management have been addressed adequately or not. Interpretation Officers Help to explore new options for Copacabana through proper steps and decisions. Table 1: Operational Step Management of Sustainable Tourism (Source: Getz and Timur 2012, pp-230) The above operational steps encourage better communication and partnerships with the stakeholders, understand the current issues for better productivity, and increase the support from local regions and communities (Fernndez et al. 2014). Strategies used in the sustainable tourism development of Copacabana are the followings Figure 2: Strategies for Sustainable Tourism (Source: Garca-Meln, Gmez-Navarro and Acua-Dutra 2012, pp-45) Perceptive and ideas of these groups are considered by Copacabana to make effective decisions for future (Rajendra, Temple and Nicholls 2014). Through the sustainable development strategies, managers of Copacabana beach highlight the social, economic and environmental issues to measure their performances. Heritage and tourism principles set the principles and guidelines that illustrate and evaluates the success factors of tourism management (Salerno et al. 2013). These principles help to recognize the importance of tourist spots and heritage places, develop beneficial partnerships with the local partners, and engage heritage issues in the business planning and processes. The primary motive to adopt these principles is to provide high quality experiences to the visitors. Sustainable tourism helps to build plans to make a sustainable development approaches at the tourist spots with cultural and natural heritage value (Waligo, Clarke and Hawkins 2013). By this approach, Copacabana is gr owing day by day by ensuring the fact that conversation needs for natural resources are met. Framework for Sustainability in Tourism The primary goal of Copacabana beach is to implement all the areas of sustainable development including economic, ecological, cultural and social issues in tourism management. Figure 3: Sustainable Tourism Framework (Source: Caroli 2013, pp-120) The above framework of sustainable tourism of Copacabana beach engages research values in sustainable tourism development, good governance, and marketing. The policies used in the planning and management of sustainable tourism are balanced and monitored by the administrators (Weaver 2012). The type, level, and style of the above framework contribute to achieving social, political, economic and cultural benefits. Good marketing policies of Copacabana beach promote their New Year events, songs to attract the customers (Weaver 2012). Data Sources In the data collection method, data sources are very vital to collect useful data and information that can help the readers to understand each and every aspect of the report. Selection of perfect data source penetrates into the research report to extract useful information and data related to the requirements (Page 2014). The primary source of data is collected from the visitors, and secondary data are collected from the beach authorities. Data Analysis Technique Researchers use two types of data analysis techniques according to the requirements of the report; one is the quantitative method, and another is the qualitative approach. The quantitative method helps the researchers to draw correct results from the collected quantitative data (Buckley 2012). On the other hand, qualitative analysis helps to develop concepts and theories which provide additional values to the work. For this particular report, research analysts have chosen mixed approach of qualitative and quantitative data analysis techniques to channelize each and every data and information for complementing purposes (Lee 2013). In the study, for quantitative analysis visitors of Copacabana have been considered and for qualitative analysis, managers will be considered. Findings and Interpretation Part A: Situational Analysis of Tourism in Copacabana Beach Researchers have collected data for the situational analysis of Copacabana beach from primary and secondary resources. In the following figure and table, it has been discovered that Copacabana beach maintains its all assets through sustainable management, have so much attraction such as New Year party events, songs, hotels and resorts which attract lots of tourists per year. However, from the comparative advantages and strengths perspective, Copacabana beach is in a moderate position. 1 2 3 4 5 Assets 10% 10% 10% 50% 20% Attractions 2% 3% 10% 10% 75% Unique features 10% 10% 10% 50% 20% Comparative advantages 10% 15% 30% 30% 15% Strengths 10% 10% 30% 30% 20% Table 2: Situational Analysis Rates of Copacabana Beach (Source: Created By Author) Figure 4: Situational Analysis Factors of Copacabana Beach (Source: Created By Author) Part B: Sustainable Tourism Indicators Researchers have chosen some particular indicators to measure the sustainable performance of this tourist spot. To measure visitors' satisfactions, questionnaire session and surveys has been done and according to that, tourists of Copacabana beach are fully satisfied with the services of this place. From this report, it has been identified that with sustainable tourism framework, authorities of this Copacabana beach manage and maintain all the natural resources such as water conservations, waste water management, and garbage management. From the following figure, is has been identified that as per the needs of local communities of USA, Copacabana beach use and consume water in a sustained manner. Through recycling process, waste water management system of this place help to eliminate sanitary problems for local communities and tourists. However in the case of solid waste management proper waste disposal techniques have not been adopted in this place yet. For future developments, this type of system will be needed for sustainable tourism. 1 2 3 4 5 Tourist Satisfaction 10% 10% 5% 10% 65% Resource management 10% 10% 5% 65% 10% Waste Water Management 5% 5% 20% 50% 20% Solid Waste Management 30% 20% 30% 15% 5% Table 3: Sustainable Tourism Indicators for Copacabana (Source: Created By Author) Figure 5: Sustainable Tourism Indicators (Source: Created By Author) Recommendation After analyzing the sustainable tourism development framework of Copacabana, researchers are sure that this place of South America is truly a viable place for its heritage and tourism purposes. Through the tourism development framework, Copacabana Beach maintains the environmental, social-cultural and economic resources in a sustainable manner. But researchers recommend that in the tourism planning of Copacabana regional and national plans must be integrated to strengthen the action of it. The policies adopted for tourism sustainability help to co-ordinate tourism planning with local levels and help to eradicate poverty in the society. Tourism operations of this place must use international standards by maintaining the legislative laws and regulations for sustainable tourism management. Conclusion The entire report was focused on the fact that management of sustainable tourism is greatly related to the environmental sustainability factors which help to maintain cultural, socio-economical and environmental resources for the heritage of a country. Through this report, researchers observed that Copacabana beach of Rio de Janerio is one of the most famous and beautiful place of the world where the visitors from all over the world visit again and again. Higher authorities of this place made a strategic tourism development framework which helps to maintain all the natural resources of the country and achieve greater customers satisfactions. Researchers have observed the interests of visitors towards this place and recommended that this strategic tourism development framework of Copacabana beach must include US government policies, stakeholders investments and advanced marketing strategies to build awareness among the people for natural sustainability. References Books: Briassoulis, H. and Van der Straaten, J. eds., 2013.Tourism And The Environment: Regional, Economic, Cultural And Policy Issues(Vol. 6). Springer Science Business Media. Hall, C.M. and Gssling, S., 2013.Sustainable culinary systems: Local foods, innovation, and tourism hospitality. Routledge. Page, S.J., 2014.Tourism management. Routledge. Journals: Buckley, R., 2012. Sustainable tourism: Research and reality.Annals of Tourism Research,39(2), pp.528-546. Fernndez, P., Ferreira, M., Prez, C., Stanovic, A., Hodzic, D. and UBA, E.Z., 2014. State-of-the-art future scenarios report. Garca-Meln, M., Gmez-Navarro, T. and Acua-Dutra, S., 2012. A combined ANP-delphi approach to evaluate sustainable tourism.Environmental Impact Assessment Review,34, pp.41-50. Getz, D. and Timur, S., 2012. 12 Stakeholder involvement in sustainable tourism: balancing the voices.Global tourism, p.230. Lee, T.H., 2013. Influence analysis of community resident support for sustainable tourism development.Tourism Management,34, pp.37-46. Rajendra, A., Temple, N. and Nicholls, R., 2014. Renegotiating Boundaries on Bali Coastal Tourist Resorts. Salerno, F., Viviano, G., Manfredi, E.C., Caroli, P., Thakuri, S. and Tartari, G., 2013. Multiple Carrying Capacities from a management-oriented perspective to operationalize sustainable tourism in protected areas.Journal of environmental management,128, pp.116-125. Tanguay, G.A., Rajaonson, J. and Therrien, M.C., 2013. Sustainable tourism indicators: Selection criteria for policy implementation and scientific recognition.Journal of sustainable Tourism,21(6), pp.862-879. Waligo, V.M., Clarke, J. and Hawkins, R., 2013. Implementing sustainable tourism: A multi-stakeholder involvement management framework.Tourism Management,36, pp.342-353. Weaver, D.B., 2012. Organic, incremental and induced paths to sustainable mass tourism convergence.Tourism Management,33(5), pp.1030-1037. Website Copacabanapune.co.in,. "Index". N.p., 2016. Web. 21 Feb. 2016.