Principles of accounting 1 Essay Example | Topics and Well Written Essays - 2500 words

Principles of accounting 1 - Essay Example Recently, the standards and principles of GAAP have been transited to IFRS with the aim of having a single set of accounting principles with universal applicability. It provides the rules along with regulations in compliance with which, financial statements and reports should be prepared. The accounting standards and principles that are included in the IFRS are universally identified, which implies that every entity, on a global context, must evaluate and represent their accounting information in accordance with the determined rules and regulations of IFRS (Needles, Powers and Crosson 24-25). The essay thus intends to discuss the advantages that can be acquired from a single set of accounting principle. Moreover, the discussion henceforth reveals the disadvantages attached with multiple accounting principles on a global context. The discussion also emphasizes on detailing the accounting standards adopted by IFRS for universal applicability, further detailing the accounting principles that business units operating in United Arab Emirates (UAE) adopts. ADVANTAGES OF IFRS 3 The accounting principles and standards adopted and implemented under the GAAP form the common set of standards and principles developed for recording financial transactions and information in an appropriate manner by publicly listed companies worldwide. Additionally, ‘International Financial Reporting Standards’ (IFRS) have formulated accounting standards and principles, which are adopted as common accounting practices in all the countries. It is identified in this regard that GAAP and IFRS are two different sets in relation to accounting principles that are used in different countries. Both the GAAP and IFRS work with a common objective of guiding companies through a set of common accounting principles on a global context. The accounting principles are principally based on the notion that financial reports with common objectives act as the tool to ensure that financial informatio n are evaluated and recorded in a transparent manner. Moreover, the management team and employees of a company entrusted with the responsibility of analyzing and preparing financial reports is likely to develop accounting reports in a simple and consistent manner. The recording of financial information under a single set of accounting principles can further facilitate in providing better information to worldwide investors along with creditors so that the stakeholders are able to acquire reliable and appropriate information (Wong, â€Å"The Trend of IFRS Conversion: What you need to know about the transition from GAAP to IFRS†). It is worth mentioning in this regard that the principles of GAAP have certain rules along with regulations that lack completeness in relation to several circumstances. In this regard, a single set of accounting principles is developed by the IASB with the objective of developing a transparent procedure of recording and communicating accounting informa tion in order to minimize accounting frauds and misrepresentation of financial statement assisting users, such as the employees of companies, to obtain adequate in relation to the employment benefits they are entitled with. Furthermore, a single set of accounting standards and practices on a global context will facilitate business organizations of different countries to compare their financial performances in an impartial manner providing significant information about the performances of a company

Heart of Darkness Essay Example | Topics and Well Written Essays - 1000 words - 2

Heart of Darkness - Essay Example At this point the fact to be admitted is that when Joseph Conrad wrote Heart of Darkness, and even at the time presented in the story, the British colonial empire was at its zenith. It enjoyed colonies in Hong Kong, Malaya, India, and Africa. On the one hand, the work allows the reader to look into Congo through the eyes of an imperialist. For example, the very beginning of the novel points out that Thames is â€Å"a waterway leading to the uttermost ends of the earth† (Conrad 6). Thus, some critics argue that this point itself reveals how racist Joseph Conrad is. However, the mere fact is that the novel puts forward the message that even the notion of civilization is an illusion. To illustrate: for Marlow, reaching Congo is a realization of the hollowness of his own notion of civilization. He fails to understand why the cannibals employed on his ship should not eat the other passengers (Conrad 57). Also, he feels that the cannibals possess no morality and conscience so that t hey can control their own basic animal desires. However, in the same situation, Marlow reaches the conclusion that the people along with him on the ship must not look so appetizing. It is ironic here to note that the same civilized Marlow who believes that the cannibals have no moral values proves that if he were in the position of the Africans, he would do the same, too. In other words, Conrad effectively portrays that the concept of civilization and enlightenment are rather superficial in nature. Despite the so-called civility, there is an underlying beast in humans that just comes out in the right circumstances. In other words, in the case of Marlow, the trip to Africa made him understand the basic animal-like tendencies in humans that thrive in the wild. Also, he realizes the fact that the civility the Europeans try to introduce in the wild is rather phony in nature because the cruelties of the wild are not crueler than the cruelties of imperialism. Admittedly, one cannot deny t he fact that Conrad was an imperialist. It becomes evident from the fact that Marlow is highly careful to ensure that he does not fall prey to the charms of the wild as happened to Kurtz. While Kurtz admitted the rules of the wild, Marlow is not ready to descend into that darkness. Thus, one gets the insight that instead of rejecting Western culture and ideals, the purpose of Conrad is to point out that most of the time; the Western society is not functioning in the way it is supposed to function. In other words, the Western ideals fail to perform in a more human way than the ideals of the savages. Another perfect example is the way the slaves are treated by the West. He says â€Å"they were dying slowly---it was very clear. They were not enemies, they were not criminals, they were nothing earthly now† (Conrad 42). Again, one has to remember the fact that Conrad resorted to such a statement at a time when imperialism was at the zenith of its power around the world. Though it is possible for critics to claim that one can find fragments of imperialist ideologies in the work of Conrad, they cannot forget the fact that Conrad expresses in clear terms as to how ones morality and conscience will condemn the savagery committed by European imperialism as much as one condemns the savagery of the wild. Here, one gains the insight that Marlow - the conscience of Conrad - is in constant conflict with the

The affect of Advertisements in print news in both online and print Research Paper

The affect of Advertisements in print news in both online and print editions - Research Paper Example Such type of advertising is highly cheap and convenient for businesses as well. Advertisements are placed in newspapers and online mediums so that it can attract a lot of consumers and spread the advertising message amongst a wide customer base so that more popularity can be gained for the product or service being advertised (Graydon 2003). Organizations know that all potential customers do not use all the mediums through which the advertising message can be available to them. Therefore the advertisers place their ads in different types of print mediums to attract maximum amount of customer. Job tenders and job offers are usually placed in the newspapers so that the business class target market can view the ads and then apply accordingly. These types of ads may not prove to be successful online as senior professionals do not use the internet to a large extent as compared to the younger generation. There are a large number of people in developed countries that use the internet and have their accounts in the various social networking sites available. Organizations use the online print mediums so that they can advertise their product and focus on their target market easily and cheaply. Latest fashion related products can be advertised on the various social networking websites and a lot of local and international customers can be attracted by this medium. Such advertising in newspapers may attract low customers but through online print medium, high amount of customers may be attracted. The advertisements that are specifically targeted towards young generation can prove to be highly successful if the online medium is used as teenagers are highly associated with the internet and may view the ads at one place or the other in the cyber world. Online medium is an excellent place to advertise all the latest fashion related products and

Analysis of treatment - Diabetic Leg Ulcers Essay

Analysis of treatment - Diabetic Leg Ulcers - Essay Example The literature review has provided information to be used in changing the present tools One of the more novel approaches to advanced treatment of the diabetic ulcer today is light therapy. In this therapy, there is a light emitting diode used (LED) and a super luminous diode (SLD) that will deliver low intensity laser light. This treatment is used in synchrony with conservative sharp debridement, offloading, bioburden management, and advanced dressings. According to Sutterfield (2008), the patients tested resulted in a healed wound in 8 weeks of treatment. During this same time period Blume, Walters, & Payne (2008) compared negative pressure wound therapy using vacuum-assisted closure with advanced moist wound therapy. This was a randomized multicenter controlled trial. There were 342 patients enrolled in this study and the mean age was 58. . Patients were randomly assigned to either the advanced moisture wound therapy or the negative pressure therapy. Evaluation of the ulcers occurred for 112 days and then they were followed for 3 to 9 months. The results showed that complete ulcer closure occurred with vacuum assisted closure 43.2% of the time and 28.9% of the time with dressing and topical. Lavery, Boulton, and Niezgoda et.al. (2007), also completed a study comparing diabetic foot ulcer outcomes from negative pressure wound therapy with historical standard ulcer care. They did this by analyzing Medicare claims data of 1,135 patients with diabetic foot ulcers that were treated with negative pressure and reviewed the results of a controlled wet to moist therapy meta-analysis that was a randomized study. Within 12 weeks, the negative pressure treatment showed significantly better results than the wet to moist dressings Further, Fernandez-Montequin, Betancourt, Leyva-Gonzalez et.al. (2009) studied the use of intralesional administration of epidermal growth factor-based formulation (Heberprot-P) in treatment of ulcers. They found that

Training and development management Case Study Example | Topics and Well Written Essays - 250 words

Training and development management - Case Study Example Training need analysis will be extremely beneficial for the Omaha warehouse workers to meet the warehouses objectives (Jean 28). Training is a tool extremely powerful for a smooth functioning of an organization, but it is usage goes hand in hand with care in order to derive all the benefits. Here is the recommendation of performing a TNA: - First,  Learn about the proficiency and needs of each employee before the warehouse invests it effort, money and time on training. It is better for needs identification the shortcomings and needs before actually imparting training an employee (Jean 30). Secondly, Experienced and skilled trainer, who possesses an amount of understanding and knowledge that is good about objectives of an organization, the abilities of an individual and the present environment, should offer training. This will help in the improvement of the program in warehouses and plants (Jean

Analysis of treatment - Diabetic Leg Ulcers Essay

Analysis of treatment - Diabetic Leg Ulcers - Essay Example The literature review has provided information to be used in changing the present tools One of the more novel approaches to advanced treatment of the diabetic ulcer today is light therapy. In this therapy, there is a light emitting diode used (LED) and a super luminous diode (SLD) that will deliver low intensity laser light. This treatment is used in synchrony with conservative sharp debridement, offloading, bioburden management, and advanced dressings. According to Sutterfield (2008), the patients tested resulted in a healed wound in 8 weeks of treatment. During this same time period Blume, Walters, & Payne (2008) compared negative pressure wound therapy using vacuum-assisted closure with advanced moist wound therapy. This was a randomized multicenter controlled trial. There were 342 patients enrolled in this study and the mean age was 58. . Patients were randomly assigned to either the advanced moisture wound therapy or the negative pressure therapy. Evaluation of the ulcers occurred for 112 days and then they were followed for 3 to 9 months. The results showed that complete ulcer closure occurred with vacuum assisted closure 43.2% of the time and 28.9% of the time with dressing and topical. Lavery, Boulton, and Niezgoda et.al. (2007), also completed a study comparing diabetic foot ulcer outcomes from negative pressure wound therapy with historical standard ulcer care. They did this by analyzing Medicare claims data of 1,135 patients with diabetic foot ulcers that were treated with negative pressure and reviewed the results of a controlled wet to moist therapy meta-analysis that was a randomized study. Within 12 weeks, the negative pressure treatment showed significantly better results than the wet to moist dressings Further, Fernandez-Montequin, Betancourt, Leyva-Gonzalez et.al. (2009) studied the use of intralesional administration of epidermal growth factor-based formulation (Heberprot-P) in treatment of ulcers. They found that

Organizational culture and IT infrastructure in concurrence with Essay

Organizational culture and IT infrastructure in concurrence with knowledge management - Essay Example A culture does not typically change quickly, but in order to keep up with technology, an adaptable culture must be designed. In conducting the research for this paper, the focus has been placed on the following objectives: To identify and define organizational culture, IT infrastructure, and knowledge management. To create a framework of understanding on how these three aspects of an organization are effectively integrated. To conduct an analysis of these three concepts and formulate a working concept on how best to design and implement them within an organizational structure. Introduction The creation of IT infrastructure is designed to facilitate the management of knowledge in regard to how IT is implemented and in what ways the hardware and software will need to be attended. The choices that are made at this time will affect how responsibility is distributed and where responsibility will be held in regard to keeping systems up and running. Responsibility is in direct correlation t o knowledge and the level to which knowledge is managed and disseminated and can only be held when appropriate knowledge has been disseminated. Organizational culture is in direct alignment with how knowledge is managed and in how the IT infrastructure is designed in reference to its effective use. Literature Review Organizational culture is defined by Martin (2001) as a way to â€Å"explain ‘how things are done around here,’ the ways in which offices are arranged and personal items are or are not displayed, jokes people tell, the working atmosphere (hushed and luxurious or dirty and noisy), the relationships among people†¦aspects of working life† (p. 3). One of the primary factors in how a organizational culture is created is through the affect that leadership has upon the nature of the traditions, habits, and belief systems within a system. According to Schein (2004), â€Å"Culture is both a dynamic phenomenon that surrounds us at all time, being constant ly enacted and created by our interactions with others and shaped by leadership behavior, and a set of structures, routines, rules and norms that guide and constrain behavior† (p, 1). IT infrastructure is the â€Å"equipment, systems software, and services used in common across an organization regardless of mission, or project†¦the foundation on which mission, program, or project specific systems and capabilities are built† (Leonard, 2009, p. 139). Part of that structure is defined by the way in which the culture of an organization is developed and how that has influenced the management of information. In creating an IT infrastructure, an organization must also construct a way in which to manage the knowledge of its use at the various levels that this specific knowledge must be shared and integrated into formal use. According to Khosrowpour (2004), â€Å"Communication between IT and business should be pervasive throughout the organization, informal, regularly occu rring, and use rich methods such as e-mail, video-conferencing, and face-to-face†(p. 442). The report goes on to relay the idea that an important awareness has been reached about the connection between the organizational culture and the IT infrastruc