U.S. Adopting the International Financial Reporting Standards Research Paper

U.S. Adopting the International Financial Reporting Standards - Research Paper ExampleBoth US generally accepted accounting principles and the IFRS serve the same purpose of providing germane(predicate) financial information to the users of it, the only difference being in the accusings for which they operate. The US GAAP has separate sets of objectives for business firms and non business users while the IFRS has the same sole objective for all of it users. The following paper examines the pros and cons of the IFRS standards which is about to be implemented in the United States and tries to establish which one of the two is better from the overall perspective (IFRSUSA, 2011).The US GAAP based accounting system is based on a influence based method of accounting which might have both advantages as well as disadvantages. However, when compared to the IFRS method of accounting practice, the GAAP principle is more than of a strictly controlled approach which requires that each transac tion is recorded as per the rule stated for its accounting even if such maintenance might be misleading and does not allow for comparison between various industries even if the character of transactions are similar. GAAP accounting also increases the risk of non compliance of the stated rules of accounting because it is extremely difficult to defend your position whenever a GAAP rule is not followed.IFRS might be based on principles of accounting rather than stated rules mandated to be followed. This format certainly has more advantages associated with accounting practices more because principles provide a base for a basis of accounting allowing the freedom to companies to choose from among the best way of accounts maintenance possible. Defined and clarified principles allow for a more clear way of accounting and reporting transactions such that making comparisons between companies and similar transactions is facilitated. Such principle basis does not differentiate based on industr ies and also allows companies to defend their accounting reporting

The Hobbit by J.R.R. Tolkien Essay Example | Topics and Well Written Essays - 1000 words

The Hobbit by J.R.R. Tolkien - Essay ExampleThere are many reasons as to wherefore the notion that Bilbos decision to go on the adventure was not due to peer pressure but one which was associated with his inner most desires be put forward. It is easy to believe that people never change, however while some might believe that others put faith in the notion that if given an opportunity everyone changes. As far as J.R.R Tolkiens character Bilbo Baggins is concerned, an alteration of this character that undergoes significant changes is evident to the reader. The truth of the matter is that the true nature of an psyche is brought to the surface when he is put under several tests. These tests for Bilbo were the adventures he undertakes. So we might say that this transformation might have been insightful but these characteristics, brave, resourceful and adventurous were always who Bilbo Baggins was. These hidden characteristics were a big part of why Bilbo Baggins decided to undertake t his journey in order to find himself. His boring commonplace yet comfortable life and his forthright denial were just based on the forced perception of the Hobbits as creatures who were not at all adventurous or brave or prone to taking risks. Where society believed he was a coward he managed to prove them wrong in the way we suffer Bilbo clamber the great spider by using his little sword. We see how slaying the great monster made Bilbo realize that without anyone elses help he had managed to cross a great hurdle. This independence and bravery were his defining characteristics as he had gloriously prevailed as the victor despite the enormity of his opponent. He now managed to see himself as the person Gandalf was known he was when he had extended to him the invitation to embark on the adventure. There are other reasons which would explain why Bilbo was so against the intellection of going on the adventure when Gandalf had initially asked him. It had little to do with the Hobbit really wanted but

How health care is organized Essay Example | Topics and Well Written Essays - 750 words

How health caution is organized - Essay ExamplePatients commonly chew primary care providers as compared to secondary and tertiary care providers. In case of secondary care, patients visit secondary care providers when they need change care helpings. For example a person may visit a hospital because he/she may be experiencing cardiac attack. On the tertiary direct, care is provided for disease and disorders that are very complex and need to be managed. Basically the structure of healthcare is such that primary healthcare aim becomes the base of other health care levels. Those healthcare providers who operate at the primary level tend to work on issues that already exist and solutions for these issues are even available. setoff the patient visits the primary healthcare facility and if required the primary healthcare process providers tend to refer these patients to secondary healthcare service providers. If the patient postulate emergency care or if he needs to be treated f or illnesses that are difficult to tackle then only they either directly visit the secondary or tertiary level healthcare providers or a referred to. There are two models of healthcare organization provided by Lord Dawson during 1920. iodin of these models is regarded as the regionalized model and this model is profoundly followed by healthcare in most of the nations. In this model health care is divided according to the level of care required (Brown, 1992, p.67). In the regionalized regimented model, first comes the primary care level which provides care which is ambulatory in nature. At this level the healthcare service providers are mostly those who are global physicians and take general issues and diseases into their practice. A very huge population of physicians in UK and other nations work as general physicians. The second level of healthcare is provided at the secondary level which mainly contains physicians who bugger off specialized in some kind of medicine such as those who provide only surgery and those who provide psychiatric services. These physicians either have their own clinics or they work as consultants for certain hospitals and work on patients who have been referred to them by general physicians or service providers of the primary level. The third level of care of the regionalized regimented model provided by the report created by Dawson is the tertiary level of healthcare and this level of healthcare consists of physicians who provide services for very complex issues and these physicians fall in the subcategories of the physicians of the secondary level. These physicians may include surgeons who provide surgery for cardiac issues and immunologists. The second model of healthcare dodge organization proposed by Dawson was the Dispersed Model in which a proper structure consisting of primary, secondary and tertiary levels do not flow as witnessed in the regionalized model (Bodenheimer, 2009, p.47). This kind of system is followed by the U S health care system and in this kind of system referrals conducted by the primary level of healthcare does not exist. In this model, patients either use their insurance coverage or their own money to make referrals on their own or can refer themselves to either one of the three levels of healthcare. In the regionalized system, patients tend to first visit a primary healthcare service provider, but in the dispersed system, the patient can directly access the secondary and the tertiary leve

Analysis of selfridges and john lewis Essay Example | Topics and Well Written Essays - 1750 words

Analysis of selfridges and john lewis - Essay Examplees of this particular brief analysis, the author will instead focus upon the issue of logistics with reference to twain distinct and historically dynamic British retailers Selfridges and John Lewis accordingly, the analysis will focus upon the way in which logistics for these two firms have shifted and changed everyplace the years allowing them to move to be a dynamic and powerful force within the retail market as well as to remain relevant with the consumer. Ultimately, this continued channel acumen that both of these stores have been able to elicit within the consumer market has propagated a level of consumer loyalty and expectation that the logistic strength of these two firms rivals or exceeds any of their obstructst competition. Therefore, the focus of this analysis will not only be based upon seeking to define the logistical challenges and tactics that have morphed all over the years, as represented by Selfridges and Jo hn Lewis, it will also be concentric upon discussing the way in which strong logistical choices and growth based upon logistical challenges is an effective tool for listening consumer loyalty and generating further levels of profitability and success.Analyzing both Selfridges and John Lewis as retailers reveals the fact that similar evolutions in logistics have been evidenced over the recent past. Most recently, a shift has been evidenced with respect to the global supply chain and the means by which globalization has impacted both of these firms. prior(prenominal) to an era of globalization, the majority of the goods and/or products that were available at either of these retail locations were domestically produced (Jiao, & Liu, 2014). Moreover, the majority of these domestically produced goods were oftentimes shift from a relatively close distance to the store in question. Although it is true that international trade existed for hundreds of years prior to either of these stores es tablishing themselves on Londons high Street, the approach to which these

Strategic planing Coursework Example | Topics and Well Written Essays - 1500 words

Strategic planing - Coursework ExampleA business can combine separate strategies like Cost Leadership or Differentiation strategy for the focus group along with the Market Niche Strategy to maximize its sales. It can notice a market segment for its product and then try to further its edge in the limited competition within that group by either differentiating its product based on the exclusivity etc. or by creating an edge through Cost Leadership strategies for that market segment.This strategy provides the attach to the possibility to shake a premium price for superior quality (differentiation focus) or by darkering a low price product to a small and specialized group of buyers (cost focus). ( Essay on Porters Generic Strategies)Ferrari is a very good example of a business which is employing the Niche Strategy in automobile industry along with Differentiation strategy. It has created a car which is a status symbol thus differentiating itself from other automobiles but it is on ly catering to a small number of customers all over the world. It is also providing a unique customer service to its client for life by picking and dropping off the cars on customers doorstep for maintenance and repairs. This exclusive service helps it differentiate itself even within the market niche of luxury sports cars.Vertical Integration. Is your company vertically integrated? If so, is it fully, or partially, integrated? If not, would such a move yield potentially high competitive rewards? Explain your rationale. You can also single-valued function a past firm or one with which you are familiar.( use a firm that you are familiar with)Andrew Carnegies steel operation in nineteenth century is a classic example of vertical Integration. As the concept of Vertical Integration means that a company controls several or all the steps in the production of a product or service to gain maximum control of that market. This concept was fully employed by Andrew Carnegie who became the stee l

Cultural Competency Assessment Paper Essay Example for Free

ethnical Competency Assessment Paper EssayCulture is a very unvoiced term to define. However, certain people have gone on and defined refining well by saying that it is a set of sh bed values, opinions and practices of a community or group of people. (Definition of Culture) The importance of the intellect of a socio-ethnical environment of any country is imperative to attaining business advantage and eventually translatable success.This understanding of socio-cultural environment is then translated goodly into business practices so that they appeal to the local crowd and create a positive image of the firm in their minds. ( heathenish Barriers) more than and more organisations today face a dynamic and changing environment. This, in turn, requires these organisations to adapt. Hence, it is important to consider the changing nature of the workforce. Most organisations, today, have to adjust to pick out up with a multi-cultural environment.Human resource policies and practic es have to change in order to attract and keep this more diverse workforce motivated and unbidden to work. And many organisations have to spend large amounts of money on training to upgrade various skills of the employees. There is a definite downside to the resistance to change and that is check-out procedure to the process of adaptation and progress. It doesnt necessarily surface in a standardized manner. Resistance can be overt, implicit, immediate, or deferred (Robbins, 2004).It is easiest foe the bear awayment to fill with resistance when it is overt and immediate. For instance, a change is proposed and employees quickly respond by voicing complaints, engaging in a work slowdown, threatening to go on a strike, etc. The greater challenge is managing change when it is implicit or deferred. Implicit resistance efforts are more subtle, like, loss of loyalty to the organisation, loss of motif to work, increased errors or mistakes, increased absenteeism, etc (Robbins, 2004).Simi larly, deferred actions cloud the link between the source of the resistance and the reaction to it. Empathy is the ability to understand the emotional makeup of other people. Empathy is the character that enables a attraction to be an expert in structure and maintaining talent. It enables him to treat people according to their emotional reactions. This is why he can be productive in getting the most out of the talented people that work under him it thus makes him a better man decimater.He is able to manage and lead people from various different backgrounds and cultures, belonging to various social and economic classes, i. e. it increases the cross-cultural sensitivity of the leader himself. With the businesses and economies globalising, leaders have to lead and manage people belonging to different cultures which is the major reason why change management in such a scenario is very difficult, however, if only a leader can empathize with his followers, it makes the job half as dif ficult as before.The Cultural Competency Assessment Responses portrays a wonderful picture of the cultural might assessment test the responses were positive and the personal taking the test were satisfied with this tool, Cultural Competency Assessment as exhibited in their responses was informational, people started thinking in a different direction, and enhanced learning amongst different culture, it is essential when we are dealing with human lives in terms of health, healing wellness. Cross -cultural communication utilizes voice communication and culture to shape human behaviour and facilitating them.In fact the two also influence each other. Cultural impacts on human behaviour are widespread and influence important aspects of human behaviour. In comparison, influence of language on human behaviour is subtle but still significant. Further Cultural Competency Assessment includes life cycle events add value to the program by helping people of different culture comprehend the cul tural renewing of adolescents or the elderly, which prepare individual to interact with people of diverse culture for the betterment of their career in medicine.Gathering good history of the patients is significant for conclusion and giving the right treatment, using deductive reasoning to arrive to a diagnosis. So life cycle events enhances the health care delivery process for its betterment. Cultural competence is the capability to interact efficiently among individuals of diverse cultures. It encompasses four components attentiveness of ones own cultural worldview, approach towards cultural differences, Knowledge of different cultural practices and worldviews, and cross-cultural Skills.Building cultural competence results in an capability to comprehend, communicate with, and efficiently interact with people across cultures. These components if implemented properly are very effective in Building cross cultural communication competence. Further, when an brass instrument focuses on developing such competences in their employees, the benefits are more then the cost incurred as high-impact managerial teaching builds personal effectiveness amongst worker, Improve communication, efficiency, and productivity for persons, teams, and the whole of the organizations.Further better understanding of the needs of people from different cultural backgrounds provide help employees to work as a team more effectively. To comprehend the Cultural competence, Diversity training should be given to the employees for Building cross cultural communication effectiveness, Cultural competence have become essential at present era when our organization are full of people of different culture which has led most management to cater diversity management of the organization by taking such measure for the betterment of the organization.The recommendations I would like to responsibility for the facilitation of the organization is Cultural competence Diversity training which will facilitate in designing strategies, action plans, development, and training matched to peoples current disk operating system of affairs. Further to develop the ability to correspond with other people of different culture which will help in building team effectiveness, team building by implementing tailored strategies to cater each diverse teams needs.I would like to conclude by adding that Cultural competence will add value to the organization operation and will lead to the betterment of the organization. References 1. Robbins, Stephen P (2004). Organizational Behavior. Prentice Hall. 2. Cultural Barriers to Effective Communication. (n. d. ). Retrieved from www. ncbi. nlm. nih. gov/pubmed/9461923

The beginning of civilization Essay Example for Free

The beginning of civilization EssayFrom the very early years of the beginning of civilization, man has been responsible for completing a set of tasks. In the initial stages of evolution the hold of a man was supposed to be hunting and protecting the family, while females were supposed to be their family nurturers and c aretakers. As clock passed by, there was formation of society, and new occupations started emerging, giving the people jobs without the bias of their gender. But with every developing phase there are its cons, that are inevitable, and unemployment is of the biggest problems of not only poor nations, but also developing and developed nations. Unemployment is such a phase in a someones life, which makes him think that he is vulnerable, and gives him a feeling of being subdued by the pressure of the society. In todays world were money is supposed to be the only acme objective in a persons life, and when someone is slothful, he has to face the brunt of being in ex posed of financially stabilizing himself, which leads to cordial and psychological problems, which lastly gives a clear message of the help that is required by these individuals.In the world of booming population and migrant supposition, individuals are left with huge make out of pressure to acquire a job, and when that individual fails to do so, he is left with very disturbing thoughts which ultimately lead to crime, suicide, drop-off, humiliation and feeling of internal failure. Unemployment itself is a very large word and is diversified into sub categories, the very first category is known as the cyclical unemployment, which exists due to the lack of demand of labor, due south category is of technological unemployment, where newer technologies reduce the hands of labor that work in an organization.The third category is of Classical wage conflict, when unemployment occurs due to the divergence arising in the nominal wage criteria. The fourth kind is known as structural unempl oyment, which is caused to due geographical disparity. Then there is common fresher unemployment, where individuals have to face unemployment flavour for their first jobs after finishing their courses. The sixth kind of category is related with the seasonal occupation, where individuals are only employed during the season.One of the worst categories is the uneducated and amateur unemployment category, where the individual has to go through a lot, as he/she does not know even where to start from. Unemployment if it has to be put on papers whence it is an social issue, an unemployed and frustrated youth is more dangerous than organized criminal, as the mentality of a depressed unemployed person is to grab any(prenominal) opportunity he can and would very easily forget the thin line between right and wrong, and the same is best expressed by Macarov downstairs In the United States, unemployment and pockets of unemployment are often seen as problems not only in themselves but as ind icators of a high incidence of related problems whatever problem that has got to do with social issues, social workers step in to help resolve and pacify the problem. Unemployment is one of Americas greatest crux problem, and unemployment apart(predicate) from being a social problem, automatically also becomes a social workers problem too, as it has a massive negative impact on the society.An unemployed person be it a labor or a graduate, has to go through an ordeal, as most of them are probably to have financial responsibilities crumb them and it is because of this burden, they are likely to commit felonies or suicides, or anything that would ultimately lead to destruction of either of their own lives or publics lives and properties. This becomes harder for a social worker, as he does not know up to what level or what decree an unemployed youth with huge amount of depression and frustration is capable of. Unemployment initially is a personal problem, but with due time, i.e. the patience level of an unemployed person when it ceases to exist, it can lead to a psychological problem. When the unemployed person starts losing apply in having hoped to get a job, he can get into depression and that ultimately can lead to psychological problems. This is best explained by the pursuit At a more individual level, the stress model suggests interventions soon after the stressor has occurred for the secondary prevention of psychological symptoms and losing a job seems a likely trigger of mental disorder generally and depression in particular(Courtesy David Dooley, Ralph Catalano, Georjeanna Wilson, American Journal of Community Psychology, Vol. 22). The initial problems of an unemployed youth are falling behind peers, and watching the burden of responsibility increase on them, but after a while it take its toll on them direct to complex psychological problems. The consequences of unemployment are best expressed below Consequences for the specific individuals facing s ustained periods of unemployment are decidedly not.They may suffer permanent ravish to their employment and income prospects as a result of a period of unemployment early in their working lives (Courtesy Niall OHiggins, Labor Market Economist, the challenge of youth Unemployment, Retrieved on February 10th 2008, from site http//www. ilo. org/public/english/employment/strat/download/etp7. pdf) Social work is one of the key factors that would help people facing troubles related with unemployment, as social service is the only way that would understand the different facets of unemployment and would treat each unemployed person as a different case.According to the up-to-the-minute OCED report, America had an average of 4. 6% as unemployment rate in the year 2007, which though was better than the average 6, it can be understood, that country of such a huge size with comparably lesser population in terms of India and China, has an unemployment rate lesser than that of Taiwan and Norway. This just shows the amount of social work that would be required to help people and give them a lending hand in their problems.What actually social work can do is firstly descriptor the category of unemployed people and give them support and can raise unemployment issues with the local authorities to help secure those jobs along with silently pacifying them with sessions of control and hope and education them on lines on unemployment insurances and other government policies and bringing in welfare programs like the way it was bought during the Great Depression .However social work cannot give them a job, they can only raise the issue, also counseling done by them will be only for the people who are unforced to take support and are ready to accept help, but social work would not be able to target those individuals who have crossed the limits of depression and have already thought of harming themselves or the society.An empty mind is a devils workshop, this quote goes well with the millions of unemployed people, and if not presumptuousness proper guidance by social groups or if then dont get jobs in time, then it is more like a time bomb that is ticking much fast, and will someday, swallow the whole nation because of frustration and depression by them.Reference1) David Macarov, Social welfare structure and pull, published in 1995, by SAGE publishers 2) Jeff Singleton, The American Dole Unemployment Relief and the welfare state in the great depression, published in 2000, by Greenwood publishers.3) Niall OHiggins, Labor Market Economist, the challenge of youth Unemployment, http//www. ilo. org/public/english/employment/strat/download/etp7. pdf 4) Henry George, How to Help the Unemployed, published in The due north American Review, February, 1894, http//homepage. ntlworld. com/janusg/hgh/helpun. htm 5) Robert Moroney, Judy Krysik, Social policy and Social work, published by Aldine Transaction 6) Ministry of social development New Zealand, International Compar ison, http//www. socialreport. msd. govt. nz/paid-work/unemployment. html