Reaserch Paper on Othello the Moor of Venice, as a tragedy Research - 1

Reaserch on Othello the Moor of Venice, as a tragedy - Research Paper Example istotle’s concept of tragedy is based on a sum total of a few essential fundamentals that are a complex plot with a suitable beginning middle and the end, organic unity, appropriate length, the unities of time and place, apt relationship between the character and plot, goodness, consistency of characterization, hamartia, peripity, anagnorisis or discovery, feelings of pity and fear and catharsis.1 Based on the parameters as established by Aristotle for a worthy tragedy, William Shakespeare’s Othello, the Moor of Venice is an ideal Aristotelian tragedy. Othello is a specific tragedy of passion and to label it as an Aristotelian tragedy is certainly appropriate. Of all Shakespeare’s tragedies, Othello is the most painfully exciting and the most terrible. As one goes through it, one experiences the extremes of the feelings of pity, fear, sympathy, disgust, sickening hope and dreadful expectation. Othello, the Moor of Venice, could and should essentially be classified as a typical Aristotelian tragedy and Othello is the most worthy tragic hero of Shakespeare who satisfies almost all the credentials of a tragic hero as evinced by Aristotle. As one goes through the play Othello, one experiences the extremes of the feelings of pity, fear, sympathy, disgust, sickening hope and a dreadful expectation.2 Evil is displaced before the reader in such a way that one simply watches its progress in an awed and fascinated manner. A lot of factors contribute to the exciting and painful impact of this play as the conflict in Othello’s mind, the ensuing sexual jealousy, Desdemona’s humiliation and murder, the accompanying intrigue and so much.3 Besides, the role played by ‘accident’ in Othello produces not only a strong sense of the working of fate, but makes the play more terrible. In Othello, so many things happen by chance to aid Iago’s plot that one feels that his victims are also the victims of fate. Then there is the little comic relief in the guise of Iago’s

Arguments for and against capitalization of all leases Essay

Arguments for and against capitalization of all leases - Essay Example International Accounting Standards no. 17 states that a lease may qualify either as a capital lease or operating lease (http://www.ifrsclass.com/gaap/ias/ias-17.htm). Under capital lease, all the risks and rewards are transferred to the lessee. To resolve the differences between the two international accounting standards, both accounting boards agreed to meet to come up with a common stand on capital lease accounting scheduled in 2011. (Kirk 2005; 85). The proposal to capitalize all leases should not be implemented. The proposal to implement the capitalization of all leases should not be implemented. Capitalization entails ownership. Capitalization means that the company has to depreciation the assets. Thus, it would be illogical to implement the proposal to capitalize all leases. The new proposal states that operating leases should be capitalized. Under the current accounting environment, there are minimum guidelines to be followed before a lease is capitalized. A lease that does not qualify as capital lease is recorded as an operating lease. This is illogical because the lessee is just renting (borrowing) the premises and is not buying. Under the capital lease, the lessee can include the capital lease asset as part of one’s total assets. This will create a better financial picture of the company when compared to not having the leased property capitalized. Second, the company can use the capitalized assets as collateral for the processing of the company’s new long term loans. The banks will scrutinize the financial statements to determine if there are enough assets to cover for possible nonpayment of loans or other payables (Elliot & Elliot). This would be illogical because the company does not own the building or facilities rented. Further, the lessee becomes the owner of the property after fulfilling the requirements set forth under International