Tuesday, January 21, 2020
Statue of Liberty Ribbon The Statue of Liberty has served as the single most important symbol of the friendship between the two countries and the ideal of democracy since its unveiling on October 28, 1886. At the time it was the tallest structure in America. The statue was originally a gift to the United States. The relationship between the two countries dates back before the United States was an independent country (Kotler p7). The French were one of the first to explore and settle in North America. Louis Jolliet and Jaques Marquette traveled the Mississippi. RenÃ © Robert Cavelier, sieur de La Salle explored the Great Lakes and established Louisiana. Frenchmen built outposts on the Gulf of Mexico, founded New Orleans, and colonized New France from Louisiana to northeast Canada. In the War of Independence, the Marquis de Lafayette fought with General George Washington. In its final battle at Yorktown, General Jean Baptiste de Rochambeau led the French navy and a land crew. Without French support a victory may have been impossible. The United States returned these favors during t...
Sunday, January 12, 2020
Cell Phone Abuse At the present day, with the development of IT and information industry, cell phone gradually plays an indispensable role in our daily life. Nonetheless, for the benefit of our concentration, health and social interaction around us, more attention should be paid to negative impact on the overuse of cell phone. According to a study of two hundred students at Sanford University revealed that 34 percent rated themselves as addicted to their phones, while 32 percent worried they someday would be addicted.As a matter of fact, a vast majority of people suffer from the same problems. It is not uncommon that when they get ready for the day, their cell phones go with them everywhere. Despite the convenience and efficiency cell phones bring them, they fail to take into account the fact that too much addition to phones contributes directly to be unable to concentrate well on daily affairs. For instance, on account of depending on constant contact and instant information, when e ven having classes, a great many students cannot help checking the message or email on phones surreptitiously.Furthermore, when working, driving, just hanging out with friends or doing whatever, to be honest, we are bound to be extremely attached to our phones with enjoying the pleasurable feelings from the act of texting or receiving messages. When it comes to my relationship with cell phone, exaggeratingly speaking, it seems that if I am not called, texted, or commented on my blog, my soul will be lost; hence, it prevents me from focusing on doing my assignments or having a sound sleep. Apparently, excessively obsessed with cell phone distract us from noticing what important happen around us and getting things well done.Admit it, no one can deny the basic fact that cell phone not only provides us with a huge amount of information and various of applications, but also enables us to contact our friends and family immediately and conveniently. However, we tend to live under the illus ion that cell phone can get us more associated with the people and the community nearby, without awareness of the hidden fact that it has crept into every aspect of daily life, ironically weakening the basic human communication.For one thing, with the increase of cell phone use, face-to-face conversations in relationships are unwittingly unpopular with most of us; instead, we prefer to convey our affections by text messaging and cell phone conversations. It is showed by a Verizon Wireless survey that for the Augusta area there are close to 50 percent of its customers send and receive more than 100 text messages a week. Ã¢â¬ Moreover, Rick Pukis, an associate professor of communication at Augusta State University, says that texting may affect the way we interact with each other.Actually, as we all know, sometimes when we send the smile expressions in the messages, it is not exactly what we do on our faces. Worse still, in order to save time or just feel cool, we usually brief the words such as replacing Ã¢â¬Å"areÃ¢â¬ with Ã¢â¬Å"rÃ¢â¬ , which may makes us run the risk of losing the ability to communicate completely and intelligently. On the other hand, spending too much time on calling up or texting the friends we already knew decreases the chance of developing friendships with strangers, cutting off new conversations and potential friends in the public.As a consequence, without doubt, cell phone builds a wall between the community and us, exerting a detrimental influence on our social interaction. But at the same time, cell phone benefits us a lot, too. On the one hand, mobiles make it convenient for people to keep in touch with each other at anytime anywhere. With phones in hand, even though being abroad, we still can immediately share our daily life with friends by uploading images on face book. In this way, friends will feel closer to us and be able to express their affections to us as they like.In the abundant sunshine of friends and our family th rough the phones, our life will be more colorful and powerful. Additionally, under the pressure of working or studying, one of the ideal ways to relax and refresh ourselves is to do some recreation. For example, we can release the stress and adjust the mood by playing some funny games and listening to music, which help us have a better state to continue our next tasks. Therefore, to some degree, smart phones increasingly play a significant role in our life.
Saturday, January 4, 2020
Friday, December 27, 2019
Triad has grown considerably in a relatively short amount of time. However, Triad is still a small company and similar companies of TriadÃ¢â¬â¢s size have traditionally seen outsourcing as a smart and viable option to optimize business processes and ultimately improve the bottom line. ItÃ¢â¬â¢s important that Triad assesses the pros and cons involved with outsourcing, such as cost/benefit, potential risks, contractual arrangements and service levels, and necessary controls, before making any changes. We should also define what operations we are considering outsourcing Ã¢â¬â as opposed to a company-wide reorganization and what other functions we might be able to add as a result of outsourcing MIS IT solutions. While traditional software solutions address the needs of one process, enterprise software, which we might consider for our MIUS needs, addresses multiple Ã¢â¬Å"thinkingÃ¢â¬ processes Ã¢â¬â rather than a simple Ã¢â¬Å"tool.Ã¢â¬ An MIS usually exists as a computerized database of financial information organized in such a way that it produces regular reports on operations for every level of management. The main purpose of the MIS is to give managers feedback regarding performance; top management can readily and easily monitor the company as a whole. Information displayed by the MIS typically shows actual data against planned results from the year before, and a measure of progress to goals. The MIS receives data from company units and functions. Much of the data is collected automatically fromShow MoreRelatedAssignment On Hardware Leasing And Its Effect On The Scope And Cost Of The Billing System1609 Words Ã |Ã 7 PagesOption 1 Hardware Leasing This option is the best in my opinion. Yes, it will still cost the company a considerable amount of money, however, delays in the project will be at a minimum. Purchasing new hardware and software will definitely increase the scope and cost of the billing system, but, the delay in the project will be kept to a minimum. Option 2 Outsourcing Outsourcing the work to a third party will definitely have an impact on the scope, time and cost of the project, but, it willRead MoreOutsourcing and Hotels1561 Words Ã |Ã 7 PagesIntroduction What is Outsourcing? Outsourcing can be defined as a business relationship in which two or more companies work together to achieve a collective advantage. Rugman et al (2003) If you look back ten Ã¢â¬â fifteen years ago outsourcing in hotels was not a popular concept but more recently with the downturn in the economy in the nineteen nineties more and more hotels are turning to outsourcing to help increase their revenues and maximize their profit potential. The use of outsourcing enables firmsRead MoreStryker Corporation Case658 Words Ã |Ã 3 PagesStryker Corporation Deciding whether to keep outsourcing or in-source PCBs Stryker Corporation has 3 different options regarding the supply of needed PCBs. Option 1: contemplates the fact of keeping the same suppliers but with significant changes in order to assure continuous supply of PCBs and quality. No investment is needed. Option 2: establishing a partner with a single supplier. This way there would be a sole supplier for Stryker established in a new facility near them, this would giveRead MoreCase Study of Scientific Glass1267 Words Ã |Ã 6 Pagescommunication and efforts in order to convince the sales managers. Additionally, the proposed policy revisions could be employed along with the warehouse changes, so assessments on different options of warehouse changes would be more concerned. In regards to warehouses restructuring, there are four options to be considered. Firstly, the existing eight warehouses were retained, each working independently, and demands were filled entirely by the correspondent warehouse in that region. Secondly, theRead MoreNike and What It Does to Third World Countrys1726 Words Ã |Ã 7 Pagescompetition, and the product requiring intensive labour, firms are facing extreme pressure to increase their profit margins through their sourcing practices. The following paper will analyse the sneaker industry, while examining the multitude of viable manufacturing options, and critiquing their current manufacturing structure. Footwear Industry Ãâ" Players, Revenues, Market Share To properly review the manufacturing in the footwear industry, it is necessary to first gainRead MoreStrategic Dimensions Of Sourcing And Shoring Techniques822 Words Ã |Ã 4 Pagesbusiness on the home front, or near the home place. These strategic dimensions include (a) domestic outsourcing (b) insourcing (c) backsourcing (d) offshoring (e) offshore outsourcing (f) onshoring (g) nearshoring (h) strategic outsourcing (i) business process outsourcing (BPO) and (j) offshore service providers (OSPs). These sourcing and shoring techniques can be complicated to understand. Domestic outsourcing is when a company decides to let go of an in-house job to go to another domestic company to performRead MoreFutronics Essay928 Words Ã |Ã 4 PagesFutronics, Inc. Central Stores versus Outsourcing Analysis Devry University Online PROJ410/Contracts and Procurement Analysis: Central Stores versus Outsourcing Steve Hastell Futronics, Inc. 1213 Lincoln Parkway Lexington, Massachusetts, 02421 781-123-4567 EXECUTIVE SUMMARY To offset the changing trends of fierce competition, flattened sales, and decreased profits the following analysis will provide the Corporate Cost Reduction Team members with the needed resources and recommendationsRead MoreIndian Bpos Essay906 Words Ã |Ã 4 Pagesthis chapter, impacted jobs outsourcing in the BPO industry? The global economic downturn has impacted jobs outsourcing in the BPO industry as it has helped to be one of the largest job creators in India. Due to this, many companies had to increase their operations output and therefore employ more and more people to keep up with the expanding trend. One of the major impacts, being growth and maturity, had an effect on the BPO industry and contributed to the outsourcing companies and continued growthRead MoreStrategic Outsourcing at Bharti Airtel Limited1532 Words Ã |Ã 7 Pageson the main problem they are facing is derived. (b). Decision Essay: The decision that they are facing is whether to go for outsourcing or not. The decision I recommend is that they should outsource their telecom network equipment and IT equipment management to their vendors. The arguments that support the decision are Telecom network equipment management outsourcing: The Industry practice is to purchase about 30% to 40% excess capacity in order to keep one step ahead of customerRead MoreStrategic Outsourcing at Bharti Airtel Limited1524 Words Ã |Ã 7 Pagesthe main problem they are facing is derived. (b). Decision Essay: The decision that they are facing is whether to go for outsourcing or not. The decision I recommend is that they should outsource their telecom network equipment and IT equipment management to their vendors. The arguments that support the decision are Telecom network equipment management outsourcing: The Industry practice is to purchase about 30% to 40% excess capacity in order to keep one step ahead of customer
Thursday, December 19, 2019
Although students have the potential to achieve satisfactory grades, they do not legitimately learn anything throughout their school career. Young people often forget what they have learned in school due to interference in memory. The failure to simply retrieve information from the brain also causes inattention in even the most intellectual students. Moreover, students need constant social relations with each other to flourish . No one has a craving to work in multiple, short class periods with pounds of homework to take care of later! School days should be extended two hours without homework assignments in order to successfully increase student productivity and efficiency. To begin, studies show that focusing on numerous ideas in brief time frames is not effective in retaining information. Evidence proves, however that focusing on a topic for two or more hours stabilizes waves of new information and can increase data retention. When adding a mere half-hour to each block in block sch eduling, having sufficient learning time is easily achievable. Because students are required to take a considerable amount of courses per term, about 79 percent must attend four to eight classes each day, according to most studies. While this cannot be helped, the duration of time spent in class can be altered. Ã¢â¬Å"The time I have with my students is too little,Ã¢â¬ said Kushner High SchoolÃ¢â¬â¢s Samantha Terry. Ã¢â¬Å"Most of the students need time to understand each lesson, which makes it hard to move theShow MoreRelatedWhat Is Guided Reading?1690 Words Ã |Ã 7 Pagesin teaching reading to primary students? Guided reading is an instructional approach where a teacher works with a group of students on the same reading level, and who demonstrate similar reading behaviors. Guided reading is highly important when it comes to improving a childÃ¢â¬â¢s reading skills. Which is why it is important that children begin guided reading as early as possible. Beginning guided reading during primary school can be beneficial to young students who are still learning to readRead MoreThe Health Belief Model ( Hbm )968 Words Ã |Ã 4 Pagesperceived with actions, barriers can be time consumption, cost, or lack of interest. The fifth construct Cues to Action, identifies everyday things such as a media to trigger a cue of strategies that will help originate performance. The final construct is Self-Efficacy, which can be said that an individual has the potential and confidence to obtain a behavior and turn it into a successful outcome. The HBM constructs firmly fit in my behavior process of running; from the psychological health motivesRead MoreProject Management Students Attending Itt Technical Institute949 Words Ã |Ã 4 PagesCurrently, all students attending ITT Technical Institute are learning some sort of Project Management through specific courses that primarily teach only the theory behind Project Management. The students attending ITT Technical Institute would greatly benefit from hearing from Project Managers and Engineers first hand on what to expect in the field in which the students are studying, and to speak on personal events that they have been through on the job and how the importance of project managementRead MoreAnalysis Of Always Running And The Freedom Writers1439 Words Ã |Ã 6 Pagescan lead to tremendous consequences but they can also make us learn many important values that can help us throughout life. In the story of Always Running and The Freedom Writers, the main character faces many obstacles and has many tough and sometimes life changing choices to make, but the main characters learn from their choices and thus changing their next decision. In the story of Always Running, Luis who is the main character gets himself wrapped up in the drug and gang life. He learns theRead MoreHigh School For The Adult Learning Environment Of A Community College Essay1249 Words Ã |Ã 5 PagesDuring my junior and senior year of high school, I took a leap of faith and enrolled into the Running Start program through Clark College. This was one of the challenging decisions of my life. Running Start is a unique opportunity afforded to juniors and seniors in our state, and also a monumental challenge for any High School student who chooses to take part in the program. The challenges include leaving the rigidity and comfort of the High School for the adult learning environment of a communityRead MoreBehavior Plan for Violence in a 1st Grade Class1204 Words Ã |Ã 5 Pagesconflicts, increased rate of complains from two students, increased rate of bulling and increased rate of crying and screaming. So, I decided to schedule a set of observations for the whole class and other specific observations for the 2 students from which I received most of the complains to go deeper in to details and know the reason behind these symptoms to be able to solve the situation, as one of my roles is to maintain the emotional health of the students and create an emotionally balanced environmentRead MoreStudy Habit1145 Words Ã |Ã 5 PagesStudies: Knowledge is the essence of smart thinking. No matter how much raw intelligence you have, you are not going to succeed at solving complex problems without knowing a lot. Thats why we spend the first 20 (or more) years of our lives in school. Robert Bjork and fellow PT blogger Nate Kornell have explored some of the study habits of college students in a 2007 paper in Psychonomic Bulletin Review. Research on memory provides a number of important suggestions about theRead MoreStudent Athletes And Physical Education1604 Words Ã |Ã 7 Pagesfair that student athletes have to take physical education in order to graduate. Envision a student who does very well in school and would like to take advanced placement or running start classes in order to better prepare themselves for college. This student, however, cannot take these classes because he or she has to take physical education, a gradation requirement, and does not have the schedule flexibility to fit both classes in. Almost every school in the United States requires students to takeRead MoreA Interview With My Mentor Teacher Essay1073 Words Ã |Ã 5 Pagesover the two days 39 of them were coming to Mooroolbark East Primary next year. Organising the day, I spok e with my mentor teacher to find out how he planned and ran the day. He mentioned having 5 stations where the children can learn a new skill, then rotate to the next one. The next step was to get in contact with Grey Court Preschool and organise a day and a time for them to meet us here, with the unpredictable weather it was challenging to choose a day for them to make their way up to the schoolRead MoreEssay about How Can Students be Moviated to Stay in High-school1018 Words Ã |Ã 5 PagesHow Can Students be Moviated to Stay in High-school First of all, I think the students should be motivated mainly by their parents and then by their teachers. Parents should motivate their children by telling them how being a high-school graduate High-School Drop-Outs How can students be motivated to stay in school? First of all, I think the students should be motivated mainly by their parents and then by their teachers. Parents should motivate their children by telling them how
Wednesday, December 11, 2019
Question: Discuss about the Contemporary Accounting Theory for International Finance. Answer: Introduction: International Financial Reporting Standards (IFRS) Language of business in accounting and financial reporting is regarded as a medium through which language of accounting is communicated form one business to another. Accounting as well as the financial reporting has been regulated by the International Financial Reporting Standards (IFRS). IFRS has been issued by the International Accounting Standard (IAS). It provides recognition, presentation, disclosure, measurement requirements in respect to the events which are presented in the financial statements. In 2001 IFRS was developed by the International Accounting Standard Board (IASB). These IFRS were developed to safeguard the interest of the public. It is single guide which assures high quality; inform accounting principles and understandable standards. Due to globalization, finance is gaining a worldwide growth. IFRS is regarded as a reliable manner through which financial information can be exchanged in a meaningful as well as in the trustworthy manner. Investor before investing g oes through the financial statement before making the investment decisions. Thus it is essential from investor's point of view that it reflects right information. IFRS are accounting standards which has been developed by IASB(Ilott, 2016). Today IFRS along with their fundamentals(Mathur, 2011)and principles have been applied in more than 100 nations around the globe. From 2005 onwards it has covered almost all European countries, it a non profits organization, monitoring board was also established to measure its activities and ensure the high quality service (Siddiqui, 2011). International Accounting Standard Committee (IASC): this committee was established in 1973 by France, Germany, Canada, Netherlands, Mexico, Japan, Australia, United Kingdom, USA, and Ireland through an agreement. The professional accountancy bodies of these nations formed a committee known as IASC, subsequently other members were added to the organization, and by 1982 all the members of International Federation of Accountants (IFAC) were also the sponsoring members of IASC. The major components comprised of: IASC(Basu Saha, 2013) Board, consultative group, advisory council, standing interpretations committee, steering committee. The vision of ISAC is to provide more high quality globally accepted accounting standards as a result they changed the structure in 2000 and this committee was renamed as IASB. Thus from 2000 onwards functions of IASC are now performed by IASB(Deloitte, 2016).Initially international accounting standard were issued. IASs were issued by the IASC(Narayanswamy, 2014). These standards were issued between 1973 to 2001. In April 2001 there was change in the IASC which was taken over by the IASB. Now the responsibility for publishing new accounting standards vests with the IASB instead of the IASC. First meeting was conducted and it was decided that IASB will adopt the existing IAS (international accounting standard) as well as the Standing Interpretations Committee stan dards (SICs)(Shodhganga, 2016). IASB was established and formed in 2001, it was considered as the part of the IASC Foundation. In 2010 IASC was renamed as IFRS Foundation. Governance of IFRs foundation is vested upon the 22 trustees. IFRS foundation is responsible for appointing the IASB members, taking care of the financing of the company and associated committee. Standards issued by the IASB were known as the IFRS (Unegbu, 2014). Presently IFRS is applicable in many parts of the world including the Malaysia, European Union, GCC countries, Hong Kong, South Africa, Turkey. IFRS is applicable in more than 100 countries. IFRS is regarded as a common global language; through this accounts are comparable as well as understandable in the global world. Set of international accounting standard is known as IFRS. IFRS have been issued by the IASB. It states the procedures that how an accountant should maintain and report their accounts. IFRS (international financial reporting standards) maintains transparency as well as the stability in the finance world. IFRS are globally accepted standards. It provides a global marketplace(Rashid1 et al., 2012). It helps in accessing world capital markets. It also assists in promotion of new business. Quality of reporting internal communication within the organization will be enhanced as it provides a consistent methodology for financial reporting that will assist multinational corporations (MNC) to apply and use common Accounting standards for its subsidiaries as well as holding company including its parent company. It also enhances the decision making process. IFRS provides the facility to benchmark its company against the various peers around the world. Investor can analyze the growth of the organization globally. Evaluation process of performance with respect to competitors is simplified. It enhances comparability within companies of the same industry(Zakari, 2014). Capital of the business enterprise is efficiently priced. IFRS is always regarded as a trending topic. IFRS gained its importance when the European Union has decided to convert or converge their financial reporting according to the IFRS(Barry J. Epstein, 2008). Earlier European Union used to follow US GAAP. Manifestation of globalization is represented by the IFRS. IFRS is used to create an image which is in consistent with the developed nation as well to the multinational corporations. At present 115 countries such as EU, South Korea, Russia etc. have adopted the IFRS. IFRS are the most acceptable standards in the world. It represents true picture of the financial statements of the company. IFRS is based on certain principles which ensure that financial statements are comparative as well as updated for analysis purpose. IFRS is used in building the confidence of the investor(Kirk, 2009). IFRS has harmonized the accounting system across the globe. It is a process through which international standard has been set in the financial world. IFRS provides common platform for(Sharma, 2016) the developing nations and the developed nations. IFRS gives accurate, comprehensive as well as the timely information relating to the financial statements. Information provided by the IFRS is relevant at domestic level and at international level. IFRS makes the reporting standards easy for understanding purpose. It also reduces the risks associated with the financial statements. It is prudential to the interest of the public. It assures the higher quality of the financial information(Duarte, 2015). India's Current Accounting Regulatory Framework and its Progress Towards Standardizing the IFRS Under the supervision of the ASB (Accounting standard board) accountings standard are issued in India. In 1977 this body was constituted. ASB committee has been constituted under ICAI (Institute of chartered accountant of India). It involves representatives from professional bodies such as ICSI, FCCI, and government departments. Initially in India, Companies act 1956 was applicable but later on it was replaced by the Companys Act 2013. According to the section 133 of the conies act 2013 it is essential for the business enterprises to follow accounting standard which has been issued by the NFRA (national financing reporting authority) in consultation with Central Government and ICAI. In India premier accounting body which deals directly into the accounting standards is ICAI. Till now the council of India has issued 32 accounting standards. Out of 32 accounting standards AS 8 related to the "Accounting for research and development" is not applicable presently because it has been withdrawn by the ICAI. Instead of that AS 26 has been amended. Thus, effectively there are 31 accountings standards. At the early phase business transaction of the nation is quite limited. In order to compete in the global world it is very essential for the nation to have uniform accounting policy so that financial statements are comparable and understandable at global platform. In order to indulge IFRS IND AS has been issued by the ICAI which are in consistent with the IFRS. This is the big step of the nation towards the adoption of the IFRS. IND AS has been issued so that business operations in India are familiar with the basic fundamental of the IFRS. These IND AS has been specified in sec 133 of the company's act 2013(PWC, 2016). Indian accounting standards are based on certain principles which are familiar with the IFRS principles that are to give complete information to the investor relating to the performance, cash flow, and position of the financial decisions(Mirza et al., 2010). India has chosen to go for IFRS convergence rather than going for the IFRS adoption. Therefore, IND AS has been prepared which are basically and primarily based on the IFRS. Further, there are some carve outs which represent major difference between the IFRS and the IND AS(PwC, 2016). Transitional previsions which are stated under each IFRS have not been stated under IND AS. Rather a separate IND AS named as Ind S 101 has been issued which contains almost all the relevant previsions relating to the transitional provisions. IND AS 101 is related with the First time adoption of the Indian accounting standard(Unegbu, 2014). This IND AS 101 is correlated with the IFRS 1 i.e. First time adoption of the International Financial reporting standard(Mackenzie et al., 2013). IND AS and IFRS have some different terminology for instance IFRS's Statement of financial position is called as balance sheet in the Ind AS. Further in IND AS statements of profit and loss is used instead of the statement of comprehensive income(Weygandt et al., 2010). India is going for the IFRS because it will improve the comparability of the financial information with the global peers. Moreover, financial performance of the financial information can be ensured according to the industry standards. It will enhance the transparency within the financial reporting. This process will be beneficial for the key stakeholders, investors and the customers. This will ensure the better quality of the financial reporting. It will enhance the trust and confidence of the investors in the financial statements. Indian Accounting Standards which has been Issued in Respect to IFRS are as follows- Indian accounting standard 1: Related with the presentation of the financial statements Indian accounting standard 2: Related with the inventories in the business Indian accounting standard 7: This standard is related with cash flow statements Indian accounting standard 8: This is related with the change in accounting Estimates as well as errors, accounting policies (ErnstYoung, 2016). Indian accounting standard 10: This is related with the material events and transactions which occur after the balance sheet date or in other words it can be said as events occurring after the balance sheet date Indian accounting standard 12: This standard is related with income taxes which includes deferred taxes(ICAI, 2016) Indian accounting standard 16: This standard is related with property, equipment and plant Indian accounting standard 17: This standard is related with leases which included both financial lease as well as the operating lease Indian accounting standard 19: This standard is related with Employee benefits Indian accounting standard 20: This standard is related with Government grants' accounting and government assistances' disclosure in the financial statements Indian accounting standard 21: this standard is related with Foreign exchange fluctuation and its impacts on the financial statements. Indian accounting standard 23: This standard is related with borrowing cost and its related disclosure in the financial statements Indian accounting standard 24 This standard is related with related party disclosure and it impact on the financial reporting Indian accounting standard 27: This standard is related with separate financial statements and its treatment(Deloitte, 2016) Indian accounting standard 28: This standard is related with Investments in the Associates as well as in the Joint Ventures Indian accounting standard 29: This standard is related with Hyperinflationary Economies reporting in the financial statements Indian accounting standard 32: This standard is related with Presentation of Financial Instruments: Indian accounting standard 33: This standard is related with earning per share which includes diluted earnings also Indian accounting standard 34: This standard is related with the interim financial reputing Indian accounting standard 36: This standard is related with impairments of the assets which includes the recovery value and the net sale value of the asset Indian accounting standard 37: This standard is related with the Contingent Assets, Provisions as well as Contingent Liabilities Indian accounting standard 38: This standard is related with Intangible Assets Indian accounting standard 40: This standard is related with the Investment Property Indian accounting standard 41: this standard is related with the Agriculture transactions and their impact on the financial statements. Indian accounting standard 101: This standard is related with the first time adoption and implementation of the Indian Accounting Standards Indian accounting standard 102: This standard is related with payments relating to the share based Indian accounting standard 103: This standard is related with the Business Combinations Indian accounting standard 104: This standard is related with the Insurance Contracts Indian accounting standard 105: This standard is related with the Non-current Assets which are held for Sale as well as the Discontinued Operations Indian accounting standard 106: This standard is related with the Exploration as well as Evaluation of Mineral Resources and their impact (ICAEW, 2016) Indian accounting standard 107: This standard is related with the Disclosures relating to the Financial Instruments and its impact on the financial reporting Indian accounting standard 108: This standard is related with the Operating Segments Indian accounting standard 109: This standard is related with the Financial Instruments Indian accounting standard 110: This standard is related with the Consolidated Financial Statements and its impact on the business (EY, 2016). Indian accounting standard 111: This standard is related with the Joint Arrangements with the business operations(IFRS, 2016). Indian accounting standard 112: This standard is related with the Revelation or disclosure of Interests in Other enterprises or entities Indian accounting standard 113: This standard is related with the Fair Value Measurement Indian accounting standard 114: This standard is related with the Regulatory Deferral Accounting system (Chua et al., 2016) Indian accounting standard 115: This standard is related with the Revenue from Contracts and the Customers(Ministry of Corporate Affairs, 2016) The above list clearly shows India's efforts towards the IFRS implementation and adoption in the nation. This will pervade better access towards the financial statements within the nation. It will also help in reducing the operation cost which is spent in making the financial statements comparable in the global market. It will enhance the reliability of the financial statements(Isabel, 2015). Conclusion Hence it can be said that IFRS provides the framework or guidelines for the financial reporting. It is regarded as authoritative standards. It states various ways and methods by which reporting of the accounting transactions can be done properly. Financial statements prepared on the basis of IFRS are sophisticated, potentially informative, and comprehensive. It precisely monitors the net position of the business. It helps in maintaining the stakeholders' trust. Risks relating to misrepresentation are reduced through IFRS. It safeguards the right of the shareholders as well as investors. IFRS is imposed on the company which ensures the minimum or low level of consistency. It covers revenue recognition and expenses recognition on accrual basis. It ensures the credibility and consistency of the financial statements. IFRS method is more appropriate as compared to any other method for accounting purpose. References Barry J. Epstein, E.K.J., 2008. Barry J. Epstein, Eva K. Jermakowicz. Barry J. Epstein, Eva K. Jermakowicz. Basu, A.K. Saha, M., 2013. Studies in Accounting and Finance. Pearson Education. Chua, Y.L., Cheong, C.S. Gould, G., 2016. The Impact of Mandatory IFRS Adoption on Accounting Quality: Evidence. American accounting Asssciation . Deloitte, 2016. International Accounting Standards Committee (IASC). [Online] Available at: https://www.iasplus.com/en/resources/ifrsf/history/resource25 [Accessed 16 August 2016]. Duarte, A.M.d.P., 2015. IFRS Adoption and Accounting Quality: A Review. Journal of Business Economic Policy , pp.104-23. EY, 2016. IFRS Standards. Ernst Young. economictimes, 2008. IFRS: The impact on Indian corporates. ErnstYoung, 2016. US GAAP versus IFRS. ICAEW, 2016. International Financial Reporting Standards. The Institute of Chartered Accountants in England and Wales. ICAI, 2016. Accounting Standards. [Online] Available at: https://www.icai.org/new_post.html?post_id=2805c_id=221 [Accessed 16 August 2016]. IFRS, 2016. International Financial Reporting Standards. [Online] Available at: https://www.ifrs.org/Pages/default.aspx [Accessed 16 August 2016]. Ilott, G., 2016. Brexit is done, now what about accounting. [Online] Available at: https://theconversation.com/brexit-is-done-now-what-about-accounting-61737 [Accessed 16 August 2016]. Isabel, L., 2015. Standardization of Financial Reporting and Accounting in Latin American Countries. IGI Global,. Kirk, R.J., 2009. IFRS. Robert J. Kirk. Mackenzie, B. et al., 2013. Interpretation and Application of International Financial Reporting Standards. John Wiley Sons. Mathur, 2011. Accounting For Management. Tata McGraw-Hill. Ministry of Corporate Affairs, 2016. Indian Accouting Standard. [Online] Available at: https://www.mca.gov.in/MinistryV2/Stand.html [Accessed 16 August 2016]. Mirza, A.A., Holt, G. Orrell, M., 2010. International Financial Reporting Standards (IFRS) Workbook and Guide:. John Wiley Sons,. Narayanswamy, R., 2014. Financial Accounting: A Managerial Perspective. PHI Learning Pvt. Ltd. PWC, 2016. IFRS in india. PwC, 2016. Ind AS pocket Ind AS pocket. PricewaterhouseCoopers. Rashid1, H.A., Amin2, F. Farooqui, A., 2012. International Financial Reporting Standards (IFRS) and Its Influence on Pakistan. Journal of Applied Finance Banking, pp.1-13. Sharma, B., 2016. Contemporary accounting theory. Shodhganga, 2016. IFRS Evolution and Progress- An Overview. [Online] Available at: shodhganga.inflibnet.ac.in/bitstream/10603/18812/11/11_chapter3.pdf [Accessed 16 August 2016]. Siddiqui, A.S., 2011. Comprehensive Accountancy XI. Laxmi Publications. Unegbu, A.O., 2014. Theories of Accounting: Evolution Developments, Income-. Determination and Diversities in Use. Research Journal of Finance and Accounting, pp.1-15. Weygandt, J.J., Kieso, D.E. Kimmel, P.D., 2010. Financial Accounting: IFRS. Financial Accounting: IFRS. Zakari, D.M.A., 2014. Challenges of International Financial Reporting. International Journal of Accounting and Financial Reporting, pp.390-412.
Tuesday, December 3, 2019
Tragedy Essay As Aristotle says, Tragedy is an imitation not of human beings but ofaction, life, happiness, and unhappiness. Very few of the great tragediescould possibly be based in reality. For instance, how likely is it that a greatking once discovered that he killed his father and married his mother in reallife. The purpose of this tragedy is to show the downfall of a great leader. This includes action, life, happiness, and unhappiness just as Aristotle says. Who would want to read something about a person that bad things happen to if thereader does not understand why it happens and the reason for the reaction?Another example would be Antigone. It was not written to watch a womanbury her brother and have everyone around her die. We will write a custom essay on Tragedy specifically for you for only $16.38 $13.9/page Order now The purpose is to gaininsight on the human way of life. The story tells of duty and honor, not ofdeath and politics. We are made to care about not necessarily Antigone herself,but her cause. That is what makes a great tragedy.