Discarded Journal is a favored gift in Dragon Age: Origins - Awakening. It gives +10 approval (with diminishing returns) to Velanna, and +5 approval (with diminishing returns) for any other companion.
pc Some players will only gain +5 Approval with companions on any gifts to them with no diminishing returns.
See also EditGifts
Gifts can be sold to a merchant or given to certain party members to influence their approval rating.