Accounting Issue Concepts and Principles

Question: Find accounting issues currently feature in news and discuss the issue its nature potential significance in the general accounting debate and practice. Following the next steps: Relevant article (Not older than 1 year) Summarise what happened Why is it relevant to accounting issue Critical argument References Answer: In the recent times, the principles and the conventions of accounting has been changed or modified by the authorities along the whole world. The prime reason for this is to happen is basically because of the acceptance of the IFRS rules across the world. The various accounting bodies across the world have adopted the principles and conventions of IFRS. All the Asian countries will have to adopt the same in order to follow the universal method of accounting. This has led to the change in the accounting standards of many countries, because of which the process of accounting for them has been changed.(Bloomberg, 2015) There have been various issues across the world because of this news. There are some countries, which are not in favour to adopt the principles of IFRS. One of the countries to oppose the scenario is the African countries. The countries like Zimbabwe, South Africa, etc. are in the process of making sure that they dont have to adopt the principles and conventions of IFRS. The government of these countries are in constant contact with that of the highest accounting body in the world. The major aspect to consider this as an accounting issue is basically because of the fact that certain countries are not favouring the acceptance of principles of IFRS. On a general note, the discussions were to be made by the relevant authorities on the matter, relating to which the countries will start operating its activities as per the required rules and regulations. (Accounting web) Asian countries like India, Pakistan, Malaysia, etc. have accepted these norms to apply the concepts and conventions of IFRS. This will eventually aid the companies operating its activities in a more efficient way. According to a major newspaper article, it has been concluded that the accountants in the coming years would be facing a lot of issue due to the fact that the conventions and the accounting standards of their respective countries would be abolished. Therefore, to avoid the same, the accounting bodies across the world are aiding the current accountants to educate themselves with the application of the principles and standards of IFRS. This common method of having the same accounting standards will have a standardized aspect for the betterment of the companies operating its activities across the world. Apart from this, the analysts of these companies will be benefitted with this the most as it will lead all the companies to make their respective financial reports as per the standards of IFRS. (Hood, 2015) This will lead them to have a mutual understanding for the companies, making them easily compare the companies they wish to analyse to take future decisions. Therefore, most of the countries have adopted the standards of IFRS and the analysts will actually be able to make sure that the companies are being operated effectively or not. Therefore, it can be said that the accounting issue has been one of the major issues for the countries across the world as the decisions regarding the acceptance of IFRS for some countries has been non-decisive. (IFAC, 2015) Bibliography Accounting web. (n.d.). New Survey Reveals Top Concerns for Accountants in 2015. Retrieved December 22, 2015, from www.accountingweb.com: https://www.accountingweb.com/aa/auditing/new-survey-reveals-top-concerns-for-accountants-in-2015 Bloomberg. (2015). Accounting Issues. Retrieved December 22, 2015, from www.journalofaccountancy.com: https://www.journalofaccountancy.com/content/dam/jofa/issues/2015/mar/accounting-auditing-issues-march-2015.pdf Hood, D. (2015). FASB to Issue Financial Instruments Standard in Early January. Retrieved December 22, 2015, from www.accountingtoday.com: https://www.accountingtoday.com/news/audit-accounting/fasb-to-issue-financial-instruments-standard-in-early-january-76781-1.html IFAC. (2015). Global Representation Advocacy. Retrieved December 22, 2015, from www.ifac.org: https://www.ifac.org/about-ifac/global-representation-advocacy

Hr Management free essay sample

Benefast partners should consider for its HRIS system is more reliant on the Planning, and successful planning is critically depending on comprehensive needs analysis, so these two stages through the HRIS system would be the critical success factors. Planning can be divided into long-range and short range operational planning. Long range planning for an HRIS examines the big picture of an organization’s HR function and its information needs in light of its overall business strategy (Kavanagh Thite 2009p. We will write a custom essay sample on Hr Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 3). Benefast partners should consider this because when considering long-range planning looks beyond the present usually focusing on needs in the future. One of the critical concepts was the phase containment. That is, organizations should identify problems as early as possible in the life cycle of a system and importantly, deal with those problems at that time rather than allowing the problems to continue, possibly leading to greater more costly rework and modification later (Kavanagh Thite 2009p. 4). This phase containment is a principle that would bring success to Benefast. The Short range planning typically involves a needs analysis of the organization, but with a much more immediate focus. Originally the long range plan will identify a list of priorities or priority system and projects for the future which will make Benefast partners organization more influential. It sets budgets and allocates resources to those priorites by officially sanctioning projects. With the short term Benefast partner’s functional departments within their organization may compete for limited pool of resources. Based on the information in the case evaluate Benefast partners strategy. Benefast partners provide a specific market niche HRIS product that benefits administration Human Resource Information Systems (HRIS) are databases used for keeping track of essential personnel data within organizations. They can be designed and customized to fit the needs of various companies in many different industries (Tatum, 2011). The primary purpose of an HRIS is to make the management of employees more efficient. The HRIS System can be used to identify and track job applicants and maintain status on current employees. All stages of an employee’s life cycle from initial hire to retirement can be automated and tracked within an HRIS System (Tatum, 2011). One of the best features of an HRIS System is how easily it can be customized. It can be expanded by adding additional modules as the company rows because all modules do not have to be activated during the initial setup process (Tatum, 2011). Few critical success factors commonly agreed upon between several authors are as follows: 1. Top management support 2. Provision of adequate and timely resources 3. Ongoing communication 4. Organizational structure 5. Change management methodology 6. Project control and monitoring 7. Cross integration between business systems These factors must be considered during the planning, analysis and design of an HRIS Syste m (Kavanagh Thite, 2009, p. 67-168). Three important factors that Benefast Partners should have focused on were provisioning of adequate and timely resources which includes time, money, technology and people. It is very important to ensure that these elements are adequate and available prior to proceeding. This can be accomplished by developing a comprehensive business plan (Kavanagh Thite, 2009, p. 167). Another critical success factor Benefast Partners should consider for its HRIS system is the cost. Since most projects are allocated for a certain amount of resources, it’s important that the project stays within that allocated amount. Based on the case study Benefast is already over their budget and really cannot afford any more unforeseen costs. However, because Benefast is piecing together two systems already established it’s believed that they will face some additional costs to get the HRIS up to speed to meet their needs or they will continue to lack. Therefore, cost must be incurred although it will put the organization in the red in terms of cost. Without incurring the necessary cost to make their HRIS competitive then Benefast Partners business will continue to be very limited and possibly eliminated eventually. Therefore, cost should be considered as a critical factor for Benefast’s HRIS system. If Benefast is forced to shut down their operation or have to delay production due to updgrades or glitches in the system they may lose business. Benefast already provides a service in which is labeled as easy and with any type of unsatisfactory production customers may take their business elsewhere or may decide to keep it in house.

AP World History - Writing Essays Using Sample Essay Responses

AP World History - Writing Essays Using Sample Essay ResponsesThe AP World History sample essays are what I would call the 'bread and butter' of an exam and are the first impression that the student gets on the AP curriculum. Most students get nervous at this point and will often search for ways to stop this from happening. I will outline a few helpful tips for doing this in this article.Your preparation for the exam begins with taking a look at the exam. I recommend that you start by scanning through the exam outline to see what topics are covered. Next I would suggest that you work on writing multiple essays, including using the AP World History sample essay responses. These will give you ideas on what questions your essay will be likely to be asked.It is very important that you get into the habit of writing in a professional manner, even if you know that it will be hard. This will help you make the most of your time and can be a great motivator when you come up against problems in your essays. I know for myself when I began to write using AP World History sample essay responses I felt much more relaxed, which helped me focus my mind on the task at hand.Once you have your essay, be sure to follow the instructions for addressing each question in the document. You should make sure that the essay addresses every question, which includes giving proper answers for difficult ones. However, remember that this is just a practice essay and this document is not the actual test, so do not make the mistake of neglecting to address each question.Also, just as important is that you take a look at the test and see how you feel about the format. While there is no substitute for a test, using an AP World History sample essay response can be very helpful in preparing for the actual test. When you find that you feel a certain format or topic is too difficult or too academic, this can be a great help in you avoiding problems in your essay.Once you have done this, make sure that you prepare for the actual test. I know that I struggled throughout my years of college and taking the ACT, but I did realize the importance of preparing and would do anything to be prepared for this test.Remember that AP World History is only a practice test and therefore you need to study for your final exam as well. By using these sample essays and having a positive attitude, I am confident that you will do well on the test and score a solid grade.

Crucible Newspaper Essay Example

Crucible Newspaper Paper The Salem Times ESTABLISHED 1684 WITCHCRAFT IN SALEM! SALEM, MASSACHUSETTS APRIL 11th, 1692 REVEREND PARRIS CLUTCHES HIS BEWITCHED DAUGHTER BETTY. DEMONS ON THE LOOSE BEtty Parris, daughter to Reverend Parris, fell ill last night with symptoms that speak to witchcraft. Betty lay inert in her bed, only to wake screaming for her late mother and attempting to fly out of her bedroom window. Doctor Griggs evaluation was witchcraft to the dismay of Rev. Parris. It is believed that he spotted Betty, her cousin Abigail, and many other girls dancing in the woods-one of them naked! They were chanting around a fire with Parriss maid Tituba! She may be questioned soon. Now poor Betty Parris is bewitched and the entire town of Salem fears for its life. WANTED! MAY 20th, 1692 PICTURED ABOVE LEFT TO RIGHT: ELIZABETH PROCTOR, REBECCA NURSE, MARTHA COREY, GILES COREY, SARAH GOOD MANY MORE HAVE BEEN ACCUSED AND ARE WANTED BY JUDGE DANFORTH WANTED FOR WITCHCRAFT Elizabeth Proctor, Rebecca Nurse, Martha and Giles Corey, and Sarah Good sound like the names of well-respected members of Salem. However, they and many others are anted for witchcraft. They have been accused by others in the community who suspect them of trucking with the devil. The accused will be arrested today and brought to the Jail where they will await their trial. Judge Danforth is quick with the pen on signing death warrants, to the dismay of the accused. Many fear that they too will be arrested and sent to Jail. No one is safe from Jail or witchcraft in Salem. JOHN PROCTOR A LECHER! COURTROOM MADNESS JUNE 28TH, 1692 John Proctor is a convicted lecher! A Salem Times source confirms that while in the ourtroom, Mr. We will write a custom essay sample on Crucible Newspaper specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Crucible Newspaper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Crucible Newspaper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Proctor divulged an alarming contession-ne is a lecher! He claimed to be romantically involved with Abigail Proctor, niece of Reverend Parris who began the witchcraft rumors in Salem. Proctor told Judge Danforth this to prove that Abigail accused Goody Proctor unjustly. To see if there was any proof to this statement, Danforth called in Elizabeth proctor from Jail and asked her if her husband was a lecher. She stated that he wasnt, contradicting her husbands confession. Proctor then erupted in a fit, startling everyone present in the courtroom.

School Supplies List for College Students

School Supplies List for College Students Heading to college? Youll soon find that your work  is a little more intense compared to high school, so you will need the right supplies to help meet the challenge. A basic list that includes  lined paper, folders, pens, and pencils, is a given. But to get the most out of  your study time, youll need a few extras. The items listed here should cover most all your bases, although your professors will likely hand out a  syllabus  during the first week of class that will list additional items specific to that particular course. To Keep With You Whether you use a backpack or a tote bag to carry your stuff around, make sure these items are always inside, along with the basics listed above: Post-Itâ„ ¢ Flags: Dont ever read an academic book without sticky note flags! These little wonders are great for keeping track of important passages when reading a book. Theyre also handy for marking pages when writing book reviews and research papers.  Student Planner: Every professor will supply students with a syllabus that lists assignment due dates and test dates. Youll want to record these dates right away! As soon as you receive that syllabus, start recording your due dates. You should also consider using the sticky note flags for test days or due dates. From day one, the planner will become your new best friend when it comes to staying on top of your studies.Tiny Stapler: To make sure you dont lose important information, keep a stapler on hand for those times when professors hand out stacks of papers for you to read, and for assembling and turning in assignments of your own. Your friends will love you if youre always equipped with this essential tool.Highlighters: Highli ghters are useful for pointing out important terms and definitions in workbooks and articles. You can also use different colors of highlighter to create a code for different topics when conducting research. Calculator: If you sign up for any kind of math class, expect to invest in the right calculator for the job.MLA Style Guide: Most freshman-year classes require writing essays- and, depending on your major, you might write essays for the majority of your classes until you graduate. In any event, most professors will expect you to use MLA guidelines. Theyll be looking for very specific formatting on title pages, essays, and bibliographies. The style guide will show you how to format citations, page numbers, and more.Index Cards: Youll go through hundreds of index cards in college. Nothing can compete with them  when it comes to memorizing terms and definitions, and  flashcards are essential for studying for tests.Memory Stick: These little devices are sometimes called flash drives or jump drives, but the name is not important. Youll need a portable storage device  of some kind for backing up copies of your work.Blue Book: These small, blue-colored booklets  are used for essay-t ype exams and are available for purchase at your university bookstore. You should keep one on hand at all times since test dates can sneak up on you. For YourStudy Space Carve out a spot in your dorm room, bedroom, or other space, and devote it specifically to your studies. It should hold a bright lamp, a desk large enough to work on with your computer or tablet, and a printer if you choose to buy one instead of using those in the computer lab. It should also have enough blank wall space to hold a large calendar and a bulletin board. Here are our suggestions on how to stock this space: Big Wall Calendar: Record all due dates on a big wall calendar that you can see when you enter your room.Colored Stickers: Use color-coded stickers on your big wall calendar, like blue dots for test days and yellow dots for assignment due dates.Printer paper: Keep a stock of paper on hand for printing out assignments. Dont be late turning in a paper because you couldnt print it out!Post-It Cover-Up Tape: This tape is great for studying for a test.  Use it to cover up keywords in your notes, a textbook, or a study guide, and voil, you have a fill-in-the-blank test. It sticks lightly to the paper to cover up words or definitions, so you can cover up a word, print on the tape, and peel it off to see if your answer matches the answer underneath the tape.Glue, Scissors, and Tape: You may not need these items very often, but when you need them, you really need them.Bulletin Board and Pins: Organize your life and keep family photos close at hand with a bulletin board. Luxury Items These are by no means necessary, and they can be expensive, but they will make your study time much more productive. Smartpen by Livescribe:  This is a favorite tool for math students, who always seem to get it when the teacher lectures and works out problems, but then lose it when they sit down to work the problems on their own. The Smartpen  will allow you to  record a lecture while taking notes, and then afterward  place the pen tip on any word or drawing and listen to the part of the lecture that was taking place when those notes were recorded.  Post-Itâ„ ¢ Easel Pads:  This item is useful for brainstorming, especially in a study-group setting. Its basically a pad of giant sticky notes that you can cover with a mind-dump of notes, list items, ideas, etc., and then stick to the  wall or any other surface.Notebook Computer:  You will have access to computer labs on campus, but a notebook computer will free you up to do your work anywhere. If you have a laptop already, great, but you may find a notebook to be easier to use, more compact, and lighter to carry.  Printer/Scanner: Youll  be able to print your work out on your schools printers, but having your own is much more convenient- and it will allow you to check your work more easily. Make sure to get one with scanning capabilities. Scanners can be used to  create study guides from your books, which will help you in everything from preparing for tests to  writing a research paper. Laptop or Computer Notebook:  Again, youll have access to computer labs on campus, but owning a laptop or computer notebook with a click-on keyboard will free you up to do your work anywhere.Smartphone:  While your professors  will likely not allow phones in their classrooms, having access to a smartphone will enable you to use a wealth of education-specific apps once you are away from the classroom.

Children and Violent Video Games Essay Example | Topics and Well Written Essays - 1750 words

Children and Violent Video Games - Essay Example Such video games are too dangerous of a nature to be shown to children, who do not have much awareness of the world and who can take any sort of meanings from such acts that they see. To be able to grasp and be limited to only enjoying any acts of violence that are shown, the mind needs to be old enough. If exposed to these factors before time and before age, various meanings can be extracted and major changes can take place in the personality of a child. Whether it is the visuals which depict such violence or the increase in bonus points in a video game that take place when the child "kills" a villain, the effect is bound to be there on these young and innocent minds. These video games are a newer medium as compared to the television and movies which also are a source of violence acts for young minds. The most popular past time for children is that of playing video games. Children, and especially boys, often indulge in video games which are depicting acts of violence and which require the player to contribute to that violence through the joystick or the mouse that he or she is using to control the game. Such usage of the joystick or mouse inculcates such habits within children. When children see in a video game that they are rewarded and their points increase or they are given a bonus whenever they kill a person or whenever they injure the other party, children feel that such acts will always be positively rewarded, whether it is real life. Children feel that when they will hurt someone, use harsh language, or use violence to deal with a specific situation in life, they will be positively rewarded like they were in the video game. The research of Dr. Anderson and Dr. Gentile has stated that boys spend an average of 13 hours per week on video games, whereas the fairer sex spends around 5 hours per week on the video games. This research also says that half of the video games in the market actually result in the real life deaths and acts of violence that takes place. Social implications The social implications of children and teen playing these violent games are that they inherit the same violence in their personality. Socially, they become destructive human being. There is more of negativity in their personality rather than optimism. Whatever fights they will encounter in their life, whatever circumstances they will face, they will want to deal with it through violence and settle it in their favor through any violent means possible. Since these games have rewarded them not just points, but bonus points as well as non-point bonuses like new weapons, they assume that life will also reward them similarly. Therefore, such a man is added to the society who would not believe in handling situations in a peaceful manner, rather he would deal the aggressive way. (Krug, 2002) For example there is a game known as Postal, in which acts of violence are a common sight. People are crying for mercy, masses lie on the ground moaning, there can be blood seen everywhere, killings are happening as a common routine, there are dead bodies lying all around, and people are screaming for help. But

Causes of the Global Financial Crisis and its impacts Assignment

Causes of the Global Financial Crisis and its impacts - Assignment Example At present, we still face the effects caused by this financial crisis, and much like the previous Great Depression which became a matter of educational importance for students to analyze; a great amount of thought has been dedicated to understanding the factors that eventually led to this economic breakdown. While analyst like Wendell Cox  have distinguished the cause into two broad categories, one being the Profligate lending that led to losses, (Macro-Economics) and the other being the excessive land use regulation exacerbated losses, (Micro-Economics). However, the entire process of the economic meltdown is a series of chain reactions, each policy directly or indirectly leading to the other and causing the system to collapse like a set of dominos. (Report, 2008) If we start at beginning of one of these chains, we find out that the period between 2000 and 2007 saw a marked increase in savings, all of which were available to be invested somewhere. At one point in 2007, the Global Pool of fixed securities increased from $36trillion to $70trillion. (Labonte, 2008) . Investors started searching for new alternatives around the globe where they could apply these savings. This caused a bridge to emerge between these investors and the policy controlling and regulating mechanisms established around the globe. This unauthentication and absence of transparency caused bubble after bubble to be created, each one waiting to burst at any moment. One such target became the housing sector as well, where extensive amount of investments were made and the housing bubble was created, particularly in the US which was soon to meet the expected fate of any economic bubble. To add to this was the fact that mortgage funding was made very easily available for everyone, at low interest rates and with reduction in the standards of regulation previously considered before approving a mortgage loan. This meant that even people who did not previously qualify for these loans (subprime) coul d now afford the expensive houses. The mortgage broker also extracted his benefit from this process. While he is awarded a fee for every mortgage that he passes, these brokers began to push their guidelines limit and award loans to even those who did not meet the qualification to pay them back. The â€Å"prime† borrowers were also able to extract advantage by taking larger loans than they could previously. So when these people were unable to pay back their loans, the mortgage market faced an unaccounted crisis and the series of failure of firms began. (Murphy, n.d.). House prices were skyrocketing, people investing in the housing sector were increasing exponentially, and it was only a matter of time till the bubble burst and this is exactly what happened. The interest rates began to increase, homeowners were unable to pay their mortgage installments, the default on the mortgages grew, and the house prices began to fall. The collapse of the US housing market went on to impact the global financial sectors. The â€Å"Credit Crunch† as it is called, was the loss of confidence by the US investors in the value of sub-prime mortgages and this led to a liquidity crisis. (Referencing). A bailout package was needed. The US Federal Bank invested a grand amount of capital into the financial markets. But nothing could help avoid the crash of the stock markets and the banking sector. The government proposed a $700billion rescue plan, but