Nonstandard Accounting common to the High-Tech Industry Essay

Nonstandard Accounting common to the High-Tech Industry - Essay Example The main idea behind the convergence concept was that, all nations would come together and form a unified set of accounting standards that would be applied in major capital markets. Additionally, the IFRS also wanted to ensure that the standards are adequately and rigorously used. More over the international standards formulated by international accounting standards took into account the financial reporting needs of the developing nations as well as small and medium-sized entities (SME’s).The IFRS is also in charge of maintaining the IASB independence and financial autonomy. By 1973 the international Accounting standards Committee was formed and it served as the first international accounting standards setting body. In 2002, it was however reorganized and became an independent accounting standard setter. Currently, more than 100 countries use the International Financial Reporting standards (that is set and issued by IASB) or a local direct of the IFRS. In the United States, the IASB have been developing Generally Accepted Accounting principles (GAAP) as well as IFRS. Additionally the Asian community (China and Japan) are also formulating their accounting standards to conform to the IFRS (Michael, 77). The IFRS dictates that financial statements must be structured in such a way that they reflect the true and fair view of the organization’s financial performance as well as the fair financial position. In this regard the financial statements must provide accurate information about the assets, equity, liabilities, incomes and expenditures of a given organization as well as the operating profits or loses. Additionally, to other relevant information include cash flow movement, contribution by/distributions to investors, notes. Such information enables a prospective investor to predict with great accuracy on when to invest profitably in the organization based on the prediction of future cash flows. IFRS dictates that financial

Work Placement Journal Essay Example | Topics and Well Written Essays - 1250 words

Work Placement Journal - Essay Example ‘Reflection-inaction occurs during the experience and involves making sense of the experience while it is happening.’ Beard & Wilson (2002:197). When being supervised how to distribute medication, I was shown the medication policy – used by the organization, which involved following the following; I realised that the medication policy where the distribution of medication is controlled was just a method or a way of cutting the budget to enhance the survival of the organization. This form of budget cut had adverse impacts on the organization. For example, the controlled medication ensures that less medication is used among the residents and this reduces the funding that the organization may receive. In most cases, when there is no use of resources, then no funding is done. Controlled medication also resuls to understaffing in the organization since the numbers of medications administered to the residents are very few. At this point, i was still a new member of staff therefore, I had to listen attentively to the director of the organization while he was giving me the instructions on medication policy. Through this i came to realise with time that my listening skills were developing. Attentive listening is an effective listening skill [Anderson 1993 page 108]. As the day went on, I was shown how to use the Alcohawk, which is used to breathalyze the residents, which needs to be carried out three times a day by a member of staff.The use of Alcohawk which is minimized to only three times a day by each member of staff was a form of budget cut in the ogarnization. To date, I have carried out five tests with the residents. Once each breathalyze had been done, it must be logged in the medication file so that other staff are aware of the results for next time. If the Alco hawk gave, a reading over 0.001 then that must be investigated and further questions must be asked as to whether the resident in

Business Proposal - Gym Cafeteria Essay Example | Topics and Well Written Essays - 1250 words

Business Proposal - Gym Cafeteria - Essay Example Although this business proposal has higher potential for growth, the marketer needs to face a sequence of challenges whiling going on with this project. Firstly, the marketer has to identify target groups. For this purpose; referring to Cant et al (2006), one must conduct an extensive market research to get a detailed view of the people’s health perception (pp.158-159). Traditionally, young males are the only group who visit GYM centres. However, this situation has been changing for the past two decades and it is observed that all categories of people including women and children are visiting GYMs to keep themselves stronger (Healthkicker, 2010). According to Hanc (2010), the practice of aged people visiting GYM centres is on the rise. Hence, the marketer must focus on all types of people without gender and/or age based disparities. Zikumund & Babin (2007) indicate that the market research process is helpful in accurately identifying main target market and its special characte ristics (p.20). Under this business, it is necessary to consider tastes and preferences of individual customers since health concerns may be different from person to person. In the opinion of Stephenson & Thurman (2007), the market research strategy would benefit the venture developer to create customer profiles and thereby customise service offerings (p.13). Mohr et al (2009) suggest that traditional questionnaires, online surveys and automated call surveys can be deployed to conduct the market research programme (pp.190-191). ... According to Hanc (2010), the practice of aged people visiting GYM centres is on the rise. Hence, the marketer must focus on all types of people without gender and/or age based disparities. Zikumund & Babin (2007) indicate that the market research process is helpful in accurately identifying main target market and its special characteristics (p.20). Under this business, it is necessary to consider tastes and preferences of individual customers since health concerns may be different from person to person. In the opinion of Stephenson & Thurman (2007), the market research strategy would benefit the venture developer to create customer profiles and thereby customise service offerings (p.13). Mohr et al (2009) suggest that traditional questionnaires, online surveys and automated call surveys can be deployed to conduct the market research programme (pp.190-191). The marketer must also consider historical statistical data to assess changing trends in GYM business. Referring to Chaturvedi & Chaturvedi (2009), after identifying the main target market, it is strongly recommendable for the marketer to develop proper and effective communication channels to interact with his clients (p.37). According to Guffey and Almonte (2010); in the modern business environment, online communication channels including company websites and emails and telephone communications are strongly suggestible (p.34). As per the idea put forward by Miletsky (2009); to promote the business venture, the marketer may use infinite scope of internet, especially social networking sites such as facebook and twitter (p.54). It is advisable to create GYM demonstration videos and

Latin American religion Essay Example | Topics and Well Written Essays - 750 words

Latin American religion - Essay Example African based religions in Central America include Santeria, Vondoo, Condomble, and others. The development of these religion dates back to the time when the Africans started arriving in Central American states.This was during the era of slave trade when they were brought to work in sugar plantation of the colonialist. There religion developed from a mixture of African culture of the slave who had settled in the sates. The early development of these religions was based on the need to have the Africans united in the foreign land. These realigns were based on the principle of truth, justice, righteousness, harmony, order and reciprocity. They were based on the need to have self sustainable and the notion of being self empowered in the foreign land. They had a sense of individual and communal appeal. The growth of these religions in Latin America could have followed amore direct root since most of them were prohibited. The prohibition of these religions made them stronger. They grew to be some of the most important sycretic religion in Latin America.Due to the prohibition of the practice of these religions, they did not make a nationals appeal but remained practice mainly by the individual African community that has started them. With time they came to be indentified with the Africans an identity that remains up to date. In light of this the national suppressing of these religions was different rand therefore they remained active in the country where they were more practiced. For example, Voodoo survived the religious assault in Cuba, Brazil, Dominic Republic and other part of Central America where it is practiced to date. Condobmle survived only in Brazil where it is practices up do date. Even up to date, there religions have remained racialized according to the community that started practicing them early. It was due to repression of these religion which made them stay limited to the African groups although there have been some degree of acceptance of the religion in the region. The process of nationalisation and acceptance of these religions have taken along time due to the confinement of the religion to the practicing communities alone. Judaism Judaism is the religion that has been spread to all parents of the world by the Jew. It is the main religion that has been carried out from Middle East to the whole world by the Jews. The coming of the religion in Latin America is associated with the coming of Jews in the region. They date back to the time when Christopher Columbus and his voyage reached America in 1492. There were around seven Jews who sailed with Columbus on the voyage. When the came to American they stated practising their religion which they have been carrying on with them to all parts of the world. They spread to Latin America where they established their religion in areas where they occupying. Like in other parts of the world where the Jews settled they have been able to keep their religion Jews has emerged to be one of the accepted religion in Central America although it has remained to be loyal to the Jews alone. It has remained exclusive practiced by Jews whoa re still living in Latin America. Judaism has been shown to be one of the religion that developed along tradition African religions in America having developed since 15th century to the 21st century and was likewise repressed and lacked a nationwide appeal for a long time. The process of nationalization of the Jewish religion has been slows like the other region. This has been based on the fact that Jews has reamed conservatively as a Jews religion alone and has been identified with the Jewish community alone. However it has remained to be one of the major religions in the region. Judaism was able to survive the spread of the catholic religion which was brought by the Spanish who discovered the land. Islam Islam has been one of the growing religions in the world in the recent past. It has been growing in number since it arrived in the region. Islam came

Exploratory and Confirmatory Factor Analysis Essay

Exploratory and Confirmatory Factor Analysis - Essay Example The article makes use of concepts derived socio-technical theory as well as the role theory in an attempt to show the relationship between technostress and productivity. In the article, CFA and EFA approaches are applied in investigating the theoretical constructs and the factors represented in the study about the relationship between technostress and human productivity (Chilton, Hardgrave, & and Armstrong, 2005). The two approaches enhance the hypothesis that the factors used are correlated. Three hypotheses are thus developed. In hypothesis 1, stress comes out as people try to respond to various factors. Hypothesis 2 depicts stress as correlated to the roles of individuals within organizations. Hypothesis 3 also shows a correlation between technology and organization roles (Tarafdar, Nathan, & Ragu-Nathan, 2007). The two approaches are used in accessing the quality of every item used in the study. Both the CFA and the EFA are applied for both confirmatory and exploratory purposes. This aspect is seen in the three hypotheses, which address the three variables differently. While EFA and CFA are seen to have several similarities in their statistical applications, they greatly contrast in certain ways as well. The use of EFA required that a decision is made on the number of factors applied through an examination of the output from an analysis of principal component (Nygaard & Dahlstrom, 2002). For the article, a five-factor structure is first established to analyze the items. Conversely, the use of CFA requires a specification of the number of factors before the analysis. (Tarafdar, Nathan, & Ragu-Nathan, 2007) Again, the CFA involve the specification of a particular factor structure with an indication of the factor on which each item would load while in the case of EFA, all items load all the factors. In estimating factor loading, maximum likelihood is used, but

The Twilight of the Golds for 3 questions Essay Example | Topics and Well Written Essays - 750 words

The Twilight of the Golds for 3 questions - Essay Example In the movie Twilight of the Golds, the wife of Rob Stein, Suzzane experiences cognitive dissonance. This happens when her husband through laboratory tests finds that their unborn son could likely be gay. The husband tells her to abort, and she agrees to. However, after she converses with a gay colleague, and he suffers assault; she decides not to abort. The stress that arises from the assault of the colleague makes her reconsider her decision. On one hand, she would like to abort the baby to save her marriage while, on the other hand, she feels empathy towards her unborn child by likening it to her brother David and her gay colleague. Therefore, Suzzane wants the baby, but she does not want a homosexual baby. She says that she would have preferred if the baby were handicapped rather than homosexual. She uses this excuse to justify her decision to abort the baby. She also wants to keep the baby since it is her first pregnancy, and she wants to have a child. However, the fact that her husband is willing to leave her if she brings the unborn child to term makes her want to get rid of it. Suzzane is always at a crossroad and thus experience cognitive dissonance. She is trying to balance her life on all sides and to do, so she has to eliminate or repress a path of thought to make peace with herself, but in the end, she decides to have a baby. Rationalization is a defense mechanism that allows one to make up excuses or lies to oneself and others about a particular negative experience by trying to explain why things happened the way they did. It attempts to make reality fit into one’s emotions instead of perceiving it as it really is. This mechanism usually shifts the blame, shame, or embarrassment from the one experiencing it to an outside element say a person or a situation. For example, Rob Stein is a character in the movie who practices rationalization. First, he accepts to have to perform the experimental

Political Power in the Prince by Machiavelli Essay Example for Free

Political Power in the Prince by Machiavelli Essay Machiavelli argues in another major work that the purpose of politics is to promote a â€Å"common good.† How does this statement relate to the ideas Machiavelli presents in The Prince? The fact that two of Machiavelli’s greatest and most famous works on political power came into being thanks to the downfall of his own political career is quite ironic. More ironic however is the way he contradicts his statements in each book about the purpose of political power. As previously stated, one of Machiavelli’s major works, referring directly to The Discourses on Livy (1517), argues that the purpose of political power is to promote a â€Å"common good†. Meanwhile, The Prince presents a ruler less worried about the â€Å"common good† and more concerned about maintaining and expanding political power at all costs. â€Å"Laws make men good,† states Machiavelli in book one of the discourses, after a long explanation about how men created politics to create order. At first men searched for the strongest and bravest among them to mold him into a leader they could obey. Machiavelli then says: â€Å"From this beginning came recognition of what is proper and good, as opposed to what is pernicious and wicked.† However, as time went on, the people became harder to satisfy and politics became more complicated. New forms of government and laws were created in order to keep the people in order because as he states in The Discourses: â€Å"men will never be good, except by necessity†. Simple leaders became the tyrants he promotes in The Prince. They sought to be feared by their people in order to be obeyed and maintain power. In The Prince the leader is no longer the strongest and the bravest, but the prudent, more astute. The leader is one that can predict things such as treachery and conspiracy and end it before it can cause further problems in his government. The Prince discusses many ways for an astute leader to rule his state and maybe one or two of these promote the â€Å"common good† of the people, and it isn’t even actual common good. In The prince, the appearance of a common good is more important than having it as a reality. A ruler must appear to be honest and good but doesn’t necessarily have to be. I believe the relation between Machiavelli’s two texts on the purpose of political power is that one describes what politics were made to be while the other discusses what they have actually come to be and how to keep them that way. Instead of a â€Å"common good† it goes more along the lines of what is good for the ruler. While the statements contradict each other more than once, I believe the texts to be somewhat complementary in the sense that alone, they each give a different side or view of what politics actually are, while reading them both gives the reader an expanded, more complete understanding, not only on what politics are and how to maintain that political power, but also on why it has to be that way â€Å"for the good of the people.†