Comparitive report on timber frames v cavity walls essays

Comparitive report on timber frames v cavity walls essays With growing concern for the environment and global warming, it is in everyones interests to keep energy demands as low as possible. Building energy efficient, well insulated homes to reduce fuel consumption and running costs is essential. However, what many architect/designers/builders do not realise is that even before a house is built, the materials used in its construction have a Product Energy Requirement (PER), which refers to all energy (expressed in kilowatt-hours) that goes into producing and transporting a product. Timber has the advantage here as it is produced by natural means- sun, water and air, so its energy requirements are all in the extraction and transportation of the logs from the forest. A timber frame wall in atypical three-bedroom detached family house has a PER of around 7,450KWh, while a concrete block wall in the same property requires 1.7 times more energy,with a PER of around 12,816KWh. Timber is also the only renewable structural building material available, and the majority of timber frame package companies invest heavily in well-managed replanting programmes. With timber frame, the frame itself supports the weight of the building, while with brick and block, both the outer brick and inner block walls take the weight. There is actually very little to choose from when trying to decide which the better construction method is. In terms of thermal insulation, timber frame usually performs better than traditional construction by up to a third. Timber frame is faster to erect because of the amount of pre-fabrication work. They can also be decorated sooner because they do not require a drying out period. However, it is true to say that the very cheapest and the most expensive buildings tend to be traditionally constructed, while timber frame buildings sit happily in the middle. Timber frame is as safe as traditional ...

Save a Web Page as HTML or MHT Using Delphi

Save a Web Page as HTML or MHT Using Delphi When working with Delphi, the TWebBrowser component allows you to create a customized Web browsing application or to add Internet, file and network browsing, document viewing, and data downloading capabilities to your applications. How to Save a Web Page from TWebBrowser When using Internet Explorer, you are allowed you to view the source HTML code of a page and to save that page as a file on your local drive. If you are viewing a page that you wish to keep, go to the File/Save As ... menu item. In the dialog box that opens, you have several file types offered. Saving the page as a different filetype will affect how the page is saved. The TWebBrowser component (located on the Internet page of the Component Palette) provides access to the Web browser functionality from your Delphi applications. In general, youll want to enable saving of a web page displayed inside a WebBrowser as an HTML file to a disk. Saving a Web Page As a Raw HTML If you only want to save a web page as a raw HTML you would select Web Page, HTML only (*.htm, *.html). It will simply save the current pages source HTML to your drive intact. This action will NOT save the graphics from the page or any other files used within the page, which means that if you loaded the file back from the local disk, you would see broken image links. Heres how to save a web page as raw HTML using Delphi code: uses ActiveX; ... procedure WB_SaveAs_HTML(WB : TWebBrowser; const FileName : string) ; var   Ã‚  PersistStream: IPersistStreamInit;   Ã‚  Stream: IStream;   Ã‚  FileStream: TFileStream; begin   Ã‚  if not Assigned(WB.Document) then   Ã‚  begin   Ã‚  Ã‚  Ã‚  ShowMessage(Document not loaded!) ;   Ã‚  Ã‚  Ã‚  Exit;   Ã‚  end;   Ã‚  PersistStream : WB.Document as IPersistStreamInit;   Ã‚  FileStream : TFileStream.Create(FileName, fmCreate) ;   Ã‚  try   Ã‚  Ã‚  Ã‚  Stream : TStreamAdapter.Create(FileStream, soReference) as IStream;   Ã‚  Ã‚  Ã‚  if Failed(PersistStream.Save(Stream, True)) then ShowMessage(SaveAs HTML fail!) ;   Ã‚  finally   Ã‚  Ã‚  Ã‚  FileStream.Free;   Ã‚  end; end; (* WB_SaveAs_HTML *) Usage sample: //first navigate WebBrowser1.Navigate(http://delphi.about.com) ; //then save WB_SaveAs_HTML(WebBrowser1,c:\WebBrowser1.html) ; Notes The IPersistStreamInit and IStream interfaces are declared inside the ActiveX unit.The web page is saved as a raw HTML to the WebBrowser1.html file on the root folder of the C drive. MHT: Web Archive, Single File When you save a Web page as Web archive, single file (*.mht) the web document gets saved in the Multipurpose Internet Mail Extension HTML (MHTML) format with a .mht file extension. All relative links in the Web page are remapped and the embedded content is included in the .mht file, rather than being saved in a separate folder (as the case is with Web Page, complete (*.htm, *.html)). MHTML enables you to send and receive Web pages and other HTML documents using e-mail programs such as Microsoft Outlook, and Microsoft Outlook Express; or even your custom Delphi email sending solutions. MHTML enables you to embed images directly into the body of your e-mail messages rather than attaching them to the message. Heres how to save a webpage as a single file (MHT format) using Delphi code: uses CDO_TLB, ADODB_TLB; ... procedure WB_SaveAs_MHT(WB: TWebBrowser; FileName: TFileName) ; var   Ã‚  Msg: IMessage;   Ã‚  Conf: IConfiguration;   Ã‚  Stream: _Stream;   Ã‚  URL : widestring; begin   Ã‚  if not Assigned(WB.Document) then Exit;   Ã‚  URL : WB.LocationURL;   Ã‚  Msg : CoMessage.Create;   Ã‚  Conf : CoConfiguration.Create;   Ã‚  try   Ã‚  Ã‚  Ã‚  Msg.Configuration : Conf;   Ã‚  Ã‚  Ã‚  Msg.CreateMHTMLBody(URL, cdoSuppressAll, , ) ;   Ã‚  Ã‚  Ã‚  Stream : Msg.GetStream;   Ã‚  Ã‚  Ã‚  Stream.SaveToFile(FileName, adSaveCreateOverWrite) ;   Ã‚  finally   Ã‚  Ã‚  Ã‚  Msg : nil;   Ã‚  Ã‚  Ã‚  Conf : nil;   Ã‚  Ã‚  Ã‚  Stream : nil;   Ã‚  end; end; (* WB_SaveAs_MHT *) Sample usage: //first navigate WebBrowser1.Navigate(http://delphi.about.com) ; //then save WB_SaveAs_MHT(WebBrowser1,c:\WebBrowser1.mht) ; Note The _Stream class is defined in ADODB_TLB unit that you probably already have created. The IMessage and IConfiguration interfaces code from cdosys.dll library. CDO stands for Collaboration Data Objects - object libraries designed to enable SMTP Messaging. The CDO_TLB is an auto-generated unit by Delphi. To create it, from the main menu select Import Type Library, select C:\WINDOWS\system32\cdosys.dll then click the Create unit button. No TWebBrowser You could rewrite the WB_SaveAs_MHT procedure to accept an URL string (not TWebBrowser) to be able to save a web page directly no need to use the WebBrowser component. The URL from WebBrowser is retrieved using the WB.LocationURL property.

Google or Comcast Antitrust Investigation Essay

Google or Comcast Antitrust Investigation - Essay Example Google was accused of competing unfairly by introducing applications that were only compatible with their products. Google was also accused of colluding with Internet Service Providers. Most providers were proving the search engine as the default application, something that was considered as favoritism. The accusations did not go well with some of the industry players who felt that Google was engaging in unfair competition. Critics argued that the move was to eliminate smaller firms that did not have sufficient resources. However, the stakeholders of the two companies refuted the claims by arguing that the two organizations were in a different line of operation. The anxiety ignited the need for US department Justice to start an investigation to investigate the company for antitrust behavior. The strategic alliance between Google and other software companies was considered to be a formation of a powerful monopoly. Consequently consumer feared that the companies will introduce monopoly pricing where they could control price fixing since they had the market power (The Guardian, 2015). Consequently, Google was summoned by the European Commission for behaving like a monopoly in the Android engine market. It was alleged that Google was taking advantage of the significant market share to isolate other application developers. The case of Google was not different from that of Microsoft that was once fined a considerable amount of money by incorporating Internet Explorer with its operating system.

The Paths of Art and Science Essay Example | Topics and Well Written Essays - 500 words

The Paths of Art and Science - Essay Example Science needs art to illustrate the concepts and discoveries in a way that can be conceptualized by a viewer. Microbiology, deep space, sub atomic physics, and light beyond the visual spectrum all require an artist's rendition. As art strives to tell us more about who we are and describe the world around us, the artist relies on science to discover what that world is. Music and perspective require extensive math, while artists demand a better understanding of nature and the nature of life. Beauty in art is a perceived notion based in the observer's experience and comprehension of the art. The beauty in science is only evident to those who have a deep enough understanding of the subject to appreciate its truth. Yet, both are concerned with describing our universe in a way that is accurate, intuitive, and leaves us with a deeper understanding of who we are and what it means to be a part of the universe. Today's art depends on many scientific and technological advancements as new mediums and methods become available. The cinema, with special effects, is filled with technology. New methods of creation and the effects of widespread distribution impact music, sculpture, and literature. Science education benefits from the use of artistry in the classroom. Literature often relies on science to tell an accurate story, while science depends on the writer to craft the words to make the

Cover Letter Essay Example for Free

Cover Letter Essay I would like to apply for the role of Intermediate Support Developer in your organization as the details of the job role and company itself are very appealing to me. I have enclosed my resume for your consideration. I am an enthusiastic and high-achieving IT professional with a Masters of Computer Science. I have exceptional technical and analytical skills, with over 3 years’ experience in providing application support at level 1 and 2 for critical business applications with additional duties of unit and integration testing, technical documentation and prioritising and allocation of user tickets. I possess the ability to take initiative with a positive and friendly attitude. My excellent communication skill helps me understand user’s requirements to provide them with an excellent customer service. Working in a highly dynamic work environment, has given me the sound knowledge of interacting with business users and external stake holders, finding technical solutions, answering questions quickly, and leaving a mark of satisfaction in customer’s mind. You will find me to be positive, ready to learn and hardworking who has ability to multitask and communicate effectively with non-technical users. I believe my attitude, expertise, skills, and excellent time management skills will prove to be an asset to the organization. Thank you for your time and I look forward to hearing from you.

The History Of Bowling Essay -- essays research papers fc

The sport of bowling has a lengthy history packed with an evolution that has comprehensive rules; and is an indoor activity that has become one of the most popular sports in the world. It can easily be said that over 50% of Americans have bowled once in their lifetime, whether it was for a birthday party or on a date. However, many people bowl routinely without knowing anything about the interesting history of the game. Oddly, one of the newest of professional sports, bowling is one of the most ancient. In one form or another bowling has been around for more than 7,000 and years. First traces of the sport were discovered in Egyptian tombs, but historians feel that cavemen may well have had been the originator. Having the first form of bowling using rocks or pebbles to toss at other rocks or pebbles. (Pezzano 13) The Romans, Phoenicians, and Carthaginians were also believed to have played the game in some fashion, but there is no proof available. However, historians know that in Julius Caesar’s time period, around 50 B.C., people in the Alpine regions of Italy played a game called â€Å"bocce,† which is considered the Italian form of bowling and is still played today. (Pezzano 13) The word bowl could be derived from the Saxon bolla and the Danish bolle, which translated to a spherical object. Another theory is that the word originated from the Latin bulla , or the French boule, both meaning â€Å"ball.† Bowling has been known by many different names: bowls, skittles, kegling, ninepins, Dutch pins and quilles. (Pezzano 13) According to ancient records, Germany’s first bowling took on a religious significance. In the early Christian era citizens carried stakes or clubs called kegles. They were used for many purposes, from beating through bushes to defense weapons against attackers. However in the Cathedral cloisters the kegle was set up to represent the devil. A person was then given a rock or some sort of ball with the task of knocking the kegle down. If the player hit the kegle, his life was considered â€Å"clean,† and had proved it by knocking off the devil (kegle). However if he missed, it indicated his aim not only in the game but in life needed improvement. (Pezzano 14) The game was supposedly so popular in fourteen-century England that the young men were skipping military duties in order to bowl; therefore, King Edward III passed a law to ban the sport. Also, other k... ...oyed by 95 million people in more than ninety countries worldwide. As one can see, the sport also has a lengthy history that is both interesting and filled with some speculation. The quick pace high-energy game is one of the most played sport in the U.S. today and will only continue to grow. Not only can one play the sport for fun, but join the professional tour and make upwards of a half a million dollars. Whether the sport originated with the caveman or with the Egyptians, one can say that the sport of bowling has touched the hearts of many. Works Cited Bellisimo, Lou. The Bowler's Manual. 2nd ed. Englewood Cliffs, New Jersey: Prentice-Hall Inc., 1969. Bowling – The Original X Game. 1999. 28 April 2004. . "Bowling." The New Encyclopaedia Britannica. 15th ed. 2 vols. Chicago: Chicago Co., 1989. Brunswick. 1996. 20 April 2004 Burton Jr., Nelson. Bowling. New York: American Co., 1973. International Bowling Museum & Hall Of Fame. 2000. 1 May 2004 . PBA Tour. 2000. 23 April 2004 http://www.pba.com> Pezzano, Chuck.Guide To Better Bowling. New York: Simon and Schuster, 1974. Seifert, Chuck. â€Å"Youth Bowling Action.† Bowling World. 1 March 2004: n. pag.

Traffic: Road and Public Transport

?Traffic congestion in many cities around the world is severe. One possible solution to this problem is to impose heavy taxes on car drivers and use this money to make public transport better. This essay will discuss the benefits and drawbacks of such a measure. One of the first benefits of such a measure is that the heavy taxes would discourage car owners from using their cars because it would become very expensive to drive. This would mean that they would begin to make use of public transport instead, thus reducing traffic problems and pollution as well.Another benefit would be that much more use would be made of public transport if it was improved. It is often the case that public transport in cities is very poor. For example, we often see old buses and trains that people would rather not use. High taxes would generate enough money to make the necessary changes. Nevertheless, there are drawbacks to such a solution. First and foremost, this would be a heavy burden on the car driver s.At present, taxes are already high for a lot of people, and so further taxes would only mean less money at the end of the month for most people who may have no choice but to drive every day. In addition, this type of tax would likely be set at a fixed amount. This would mean that it would hit those with less money harder, whilst the rich could likely afford it. It is therefore not a fair tax. To conclude, this solution is worth considering to improve the current situation, but there are advantages and disadvantages of introducing such a policy.In modern life we have to face with many problems one of which is traffic congestion becoming more serious day after day. It is said that the high volume of vehicles, the inadequate infrastructure and the irrational distribution of the develpoment are main reasons for increasing traffic jam The major cause leading to traffic congestion is the high number of vehicle which was caused by the population and the development of economy. To solve t his problem, the government should encourage people to use public transport or vehicles with small size such as bicycles or make tax on private vehicles.Particularly, in some Asia countries such as Viet Nam, the local authorities passed law restricting to the number of vehicles for each family. The methods mentioned above is indeed effective in fact. That the inadequate infrastructure cannot handle the issue of traffic is also an crucial reason. The public transport such as bus, subway or train is not available and its quality is very bad, especially in the developing countries. Besides, the highway and road network is incapable of meeting the requirement of increasing number of vehicle.Coping with these difficulties, the government should make an investment in the traffic facilties, namely, the publc transport need improving to become more modern and convenient. In addition, it is useful to build overpasses and more lanes in the streets. Apparently, the irrational distribution and the lack of conscience make the traffic worse and worse. The head offices, the univeristies or hospitals often locate in the centre of city attracting a heavy flow of people in rush hour.To handle this situation, the government should allocate suitably , for instance some unviersity or office will be moved to the outskirt of city. It is necessary to encourage poeple obey the traffic rules which will make greatly change the problem of traffic. Finally, it's high time we were aware of the disadvatages as well as the solutions to the traffic congestion. With great effort from each individualist and government, our society will be definitely cleaner and well i organized

College List Essay

Pg. 211 Check Comprehension 1. The speaker addresses the happy leaves, the happy lines, and the happy rhymes. The listeners are asked to deliver what he feels to the women he loves. 2. In Sonnet 35 the speaker wants the same type of visual devotion from his wife as he is to her. 3. In Sonnet 35 the speaker compares his eyes to narcissus and his own-self infatuation. 4. In the first four lines the speaker writes his wives name in the sand twice and then the tide washes the names away both times. One speaker is Edmund Spenser and the other is his wife. Critical Thinking 1. The Physical and emotional state of the speaker is evolved around the desire of having the girl because he doesn?t have her he is starving and becoming unhealthy emotionally, he is depressed because his heart is throbbing without her. 2. The ?object of their pain? that the speaker is talking about is the inability for his wife to give affection to him, but he gives it to her. 3. It expresses morality and poetry as being the same because once it is written it begins to fade and morality begins to fade also. 4. Pg 213 Check Comprehension 1. In sonnet 31 the speaker addresses the moon. 2. In sonnet 31 the moon appears to the speaker weak, sickly, and pale. The speaker believes that the cause of the moons sadness is that it does not receive the love that it deserves. 3. The six benefits that the speaker attributes to sleep are the certain knot of peace, the baiting place of wit, the balm of woe, the poor man?s wealth, the prisoners release, and the indifferent judge between the high and low. 4. In sonnet 39 the speaker wants to sleep to shield or escape his sorrow. Critical Thinking 1. The connection between the appearance moon and the thoughts that the speaker utters is that they both have pale and sickly faces that look very sad. 2. The speaker is seeking escape from his sorrow though sleep by using it as a shield. 3. Judging by what is said in each sonnet you can make the conclusion that each speaker is yearning for his love because they got into a fight and were separated. 4. The speakers lover might scorn the moon because of it?s love for her. 5. Sonnet 39 talks about his desire to sleep are related to how people still deal with problems. People believe psychologically that it heals their problems.

Glaobal Warming essays

Glaobal Warming essays Scientists have predicted that the earths climate will change because human activities are altering the chemical composition of the atmosphere through the buildup of greenhouse gases primarily carbon dioxide, methane, and nitrous oxide. The global warming property of these gases is undisputed although uncertainty exists about exactly how earths climate responds to them. Like many fields of scientific study, there are uncertainties associated with the science of global warming. This does not imply that all things are equally uncertain. Some aspects of the science of global warming are based on well-known physical laws and documented trends, while other aspects range from near certainty to big unknowns. Global warming is not as serious of a threat as scientists are stating. There is no doubt that the atmospheric buildup of greenhouse gases is largely the result of human activities. By increasing the levels of greenhouse gases in the atmosphere, human activities are strengthening Earths natural greenhouse effect. Figuring out to what extent the human-induced accumulation of greenhouse gases since pre-industrial times is responsible for the global warming trend is not easy though. This is because other factors, both natural and human, affect our planets temperature. Scientific understanding of these other factorsmost notably natural climate variations, cooling effects of atmospheric particles such as sulfates, changes in the suns energy, and the cooling effects of pollutant aerosolsremains incomplete. To project future climate patterns, scientists use computer simulations of the interactions among land, air, water, ice, and sunlight. These general circulation models, or GCMs, consist of equations representing the known laws of atmospheric physics and ocean circulation (Monastersky 1). A perfect model, if given enough information about conditions on earth several hundred ye...

Different Suffixes for Different Contexts

Different Suffixes for Different Contexts Different Suffixes for Different Contexts Different Suffixes for Different Contexts By Mark Nichol Many words derived from Latin have two (and occasionally three or more) possible plural forms. The distinction is usually between popular usage based on English plural endings grafted onto Latin terms and scientific or technical form based on a traditional reading of the original language. Here are discussions of alternatives for plural forms of six types of word endings. -as or -ae Antennas are devices for carrying radio signals; antennae are sensory organs attached to the heads of certain creatures. Formulas might be used in a comparison of beverage mixtures for infants (and for other popular usage and even business contexts), while formulae is the formal term for mathematical or scientific expressions. -eaus or -eaux French words borrowed into English that end in -eau usually take the English plural form -s. The form ending in -x is likely to be seen as pedantic unless it is clearly used in a mocking sense (as when a writer facetiously sympathizes with a billionaire who has felt compelled to sell one of several chateaux.) -exes/-ixes or -ices Words ending in -ex or -ix (appendix, index, matrix, vertex) are generally followed by the plural form -es in all but the most technical contexts, though in scholarly publishing, appendices is the norm to refer to two or more pieces of additional text following the main section of a book. -mas or -mata Few words derived from Greek that end in -ma are in general usage, at least in plural form. (Anathema, for example, is common in singular form but not in plural form.) Dogma and schema, however, take an -s plural ending in popular usage; -mata is the formal alternative. -ums or -a Words ending in -um sometimes take an -s as a plural ending in popular usage and -ia in scientific or technical contexts consortium, criterion, forum, spectrum, and symposium come to mind but several notable exceptions exist: Mediums applies informally to multiple objects such as garments labeled as medium size, or to two or more spiritualists, while forms of communication are almost invariably referred to as media; that form is also prevalent in digital technology. (In relatively obscure scientific contexts, media is the singular form, and mediae is the plural form.) Memoranda and millennia are the preferred plural forms even in popular usage. Phenomena is prevalent over phenomenons, but the latter form (or the truncation phenoms) might be used as slang to refer to more than one particularly talented person. us- or -i The singular form of octopus is used to refer collectively to specimens used as food. (â€Å"The main course was sautà ©ed octopus.†) Octopuses is the most sensible plural form in general; octopi is incorrect because octopus is from Greek, not Latin, and -i is a Latin plural suffix, but the Greek form, octopodes, employing the Greek plural suffix -odes, is rare. The same is true, generally, of the plural form of platypuses, though the singular form frequently does double duty. Cactus, however, is Latin (albeit botanical, rather than classical, Latin), not Greek. Cacti is the prevalent plural form, though cactus and cactuses are also common. Other words ending in -us vary in their plural form: focus, fungus, and radius become, depending on formality, focuses, funguses, and radiuses or foci, fungi, and radii, while corpus and genus take an -era ending (corpera, genera) in scientific contexts. The only correct plural form for census and prospectus is the English plural ending -es (and campi is a rare plural form for campus), but alumnus becomes alumni; alumnuses is incorrect. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:Direct and Indirect ObjectsThe Six Spellings of "Long E"Supervise vs. Monitor

Special Event Master Plan Assignment Example | Topics and Well Written Essays - 3250 words

Special Event Master Plan - Assignment Example There are a lot of topics that pertain to events, and more emphasis is targeted at sports teams and their venues in the tourism industry (Getz, 2012, p.5). According to John Tribe, tourism is a field of study, rather than a discipline that draws on a number of different individual disciplines. The essay is an illustration of a special event involving a 3k walk for humans, and a swimming event right after the event. We will seek permission from the Street Events Closure Permit to hold the 3K walk run for humans at least 180 days before the event as required by the Ordinance Chapter 14-8. Also, we will require the Sound Amplification Permit or Outdoor Music Venue Permit since we aim at playing music at the central and starting point of the race. Lastly, we will also be required to seek for the Private Security licenses for the entity performing private security personnel expected to safeguard the event. Start from Columbus Park and run through the city streets. The major landmark cities to be followed will be decided upon effectively by the management team. The proposed route for the 3K walks will be differentiated according to the different groups of participants. The route will be decided upon after through consultation with the city council to determine the best paths for the 3K walks. Participants will be notified as early as possible on the routes decided upon through fliers, mails and even traditional mails delivered to their homes. Upon receipt, we will host a training and familiarization workshop to provide appropriate guidelines on the exact path to be followed. Participants will be required to familiarize with the route several days before the event. Access to the full path will be denied two days prior to the event to safeguard the course and ensure the participants are safe on the actual day of the event. All the necessary measures pertaining to safety of the course wil l be put in place as required. Specific rules and regulations to be followed

Managerial Financial Resources and Decisions Research Paper

Managerial Financial Resources and Decisions - Research Paper Example Certain debt agreements impose business restrictions. These restrictions may impair the firm's borrowing abilities C) Appropriate sources Though Wal- Mart Stroes Inc. is properly appropriately financed at present financed with as most of its finance has come through equity contributions. It is low geared company as its debt equity ratio is 0.60. That company may not be playing on gearing but the equity holders are in control with the affairs of the company. Further financing can be raised though debts in case the company intend to take advantage of the gearing. However, at present the company is appropriately financed. Question No. 2 a) Cost of different sources of funds; Costs of Public Issue Costs of Public issue depend upon the size of issue and the level of marketing adopted. The important expenses normally incurred for a public issue are as under: Underwriting expense, Brokerage, Fee to the mangers to the issues, Fee to the Registrars to the issue, Printing Expenses, Courier and Postage expenses, Advertising and Publicity Expenses, Listing fee, and Stamp duty. Public offer of debt The mechanisms for a public offer of a debt security are much the same as that of a public offer of equity. But a debt issue cannot be made unless credit rating from a credit rating agency is obtained and disclosed in the offer document. So rating agency's cost is in addition to cost of public issue Obtaining term loan This is perhaps the cheapest source o obtaining long term finance, as generally the dealings between company and the financial institution providing the loan do not invite costs of the type involved in public issues. However, the company has to pay for professional for obtaining feasibility and other reports. b) Importance of... The mechanisms for a public offer of a debt security are much the same as that of a public offer of equity. But a debt issue cannot be made unless credit rating from a credit rating agency is obtained and disclosed in the offer document. So rating agency's cost is in addition to cost of public issue This is perhaps the cheapest source o obtaining long term finance, as generally the dealings between company and the financial institution providing the loan do not invite costs of the type involved in public issues. However, the company has to pay for professional for obtaining feasibility and other reports. Financial planning is part of a larger planning system in the firm. The planning process begins with a statement of the firm's goal or mission, which is usually stated in qualitative terms. From the mission of the firm, the strategy is derived which defines the products or services the firm will produce and markets it will serve. To support the strategy, policies and budgets are developed in various areas such as research and development, production, marketing, personnel, and finance. A financial planning represents a blue print of what a firm purposes to do in future. Financial planning have generally the following elements: 3.