The International Accounting Standards Board and it role in Essay

The International Accounting Standards Board and it role in harmonization of accountign standards - Essay Example One example is in the availing of depreciation. In the United Kingdom, depreciation is determined according to, "convention and pragmatism, rather than exact rules[determining] the method of depreciation, estimates of the scrap value and the expected length of life (Ferrari L 2005). Germany, on the other hand, lays down exact rules and regulations for all these aspects in detail, leaving no room for manipulation. There is thus a need to introduce common internationally accepted norms, which would minimize such differences. The International Accounting Standards Board (IASB) is one such institution that has undertaken the responsibility of formulating such standards to remove the anomalies between the 'generally accepted accounting practices' of different countries, through a process of harmonization of accounting standards. The IASB was founded in April 2001, as a successor to the International Accounting Standards Committee (IASC). The IASC was an independent body formed in 1973, with the broad objective of, " [furthering] harmonization of accounting practices through the formulation of accounting standards to promote their worldwide acceptance" (Encyclopedia of Business and Finance [EBF]). In May 2000, a new structure for the IASC was approved, leading to the establishment of the IASB. As per KEWL (Knowledge Environment of Web-based Learning), the main objectives of the IASB are: - Develop, in the public interest, a single set of high quality understandable and enforceable global accounting standards that require high quality transparent and capable information in financial statements and other financial reporting to help the participants in the various capital markets of the world and other users of the information to make economic decisions. Promote the use and rigorous application of those standards. Work actively with national standards-setters to bring convergence of national accounting standards and International Financial Reporting Standards (IFRS) to high quality solution. In order to most objectively achieve the above aims, the organization of the IASB has been structured as follows (KEWL): - Trustees. Comprises of nineteen individuals from all geographical regions of the world, of whom at least five should represent the accounting profession. The primary responsibility of the Trustees is to appoint Board members, exercise oversight and raise funds for the organization. Board. Consists of fourteen individuals (twelve full time members and two part-time members) and has the sole responsibility of setting accounting standards in the form of International Financial Reporting Standards (IFRS). Standards Advisory Council (SAC). This is another body of experts from different geographical regions and functional backgrounds with expertise required to contribute to the formulation of accounting standards. There are about fifty members of the Council. International Financial Reporting Interpretations Committee (IFRIC). This is a committee of the IASB that assists the IASB in establishing and improving standards of financial accounting and reporting for the benefit of users, preparers and auditors of financial statements. The IFRIC assists the IASB in achieving international convergence of accounting standards. The IASC had introduced 41 International Accounting Standards (IAS) during its tenure

Case Study on Dish Network Corporation Essay Example | Topics and Well Written Essays - 4000 words

Case Study on Dish Network Corporation - Essay Example The company was among the first companies in the world to introduce the system of pay-TV services to its customers. The mission of the company is to provide best entertainment services at affordable price, add more entertainment channels and offer high value services such as high-speed internet. The company being large is facing certain problems such as employee dissatisfaction, few legal cases, high expenditure due to such legal cases, weak distribution channel, cut throat competition, entry of new companies in the industry and customer complaints with regards to service and payment issues. The company can create problem solving team also known as the steering committee to follow a step wise method for developing a business case. This would include the identified problems relating to Dish Network. The team would mention the problems and causes of the problems. Then alternatives solutions for the problems would be identified and proper cost/benefit analysis is done to check their via bility. Feasibility analysis of the solutions is done to evaluate the economic, social, environmental and legal factors of the external and internal resources of the company. After testing the solutions on these scales, the final implementation is done. The implementation includes steps such as time allocation and preparation of work schedules to estimate the time frame of implementation. Then the last or the evaluation step is carried out. In this step the company analyses the affect of such implementation and formulates new guidelines for the company. Table of Contents Executive Summary 2 Company Overview 4 Business problems of Dish Network 5 Methodology 7 Position 8 Sense 10 Uncover 11 Solve 13 Build 14 Achieve 15 Conclusion 16 Reference 18 Bibliography 19 Company Overview The Dish Network Corporation is one of the largest satellite broadcasters in United States. The company provides service to about 14 million subscribers. The clients of Dish Networks are in hospitality sector, retail, restaurants, etc. They provide services like on-demand videos, local, international and specialty sports channels, blockbuster movies and pay per view facilities in addition to the basic program package. Dish Network as almost 34,000 employees. The corporate office of Dish Network is mainly based in Meridian, Colorado. The company provides internet and voice services through its partners. About 90 percent of the company is controlled by Charlie Ergen, the chairman of the company (â€Å"Is DISH Network a great company, or what†). The customers of Dish Networks can access hundreds of audio & video channels, international channels and Interactive TV applications. The company also provides more than 280 basic video channels to its customers, 2500 local channels and about 30 movie channels. It covers about 93 percent of the United States household. The customers receive the programming through in-house equipment which includes a satellite dish and a set-top box. Some recei vers are also internet-protocol compatible. It allows the customers to view programs through the internet connection (â€Å"Investor relations dish network†). There is stiff competition in the satellite market. The nearest competitor of Dish Network is DirecTV Group. DirecTV is one of the largest pay-tv in US. It is larger in size and stronger capital base than the Dish Networks. Moreover, the network of DirecTV is stronger than Dish TV and it is sold in more stores than Dish Networks. There are also some large providers of cable service successfully competing with Dish Network, they are Time Warner Cable and Comcast. The Time Warner Cable Inc. is a cable service provider in US. It offers video channels, voice services and high speed data through its broadband services. Whereas, Comcast is also

Retailing story Essay Example | Topics and Well Written Essays - 1000 words

Retailing story - Essay Example Often, he could split the food and the couple became so discontent with his living conditions (Keding 33). This made the couple to buy a wooden bowl, which they used to serve the old man food. One day when the couple was just sitting, their little son began to gather some wood in the ground. When his father asked what he was doing, the son responded that he was creating a wooden bowl for his parents to use in the future. Immediately, the couple began to cry and were ashamed that they were treating their father so cruelly, and from that day they decided to treat their father right. The plot details The main characters of the story are the old man, his son and wife, and grandson. At the beginning of the story, the author uses these characters to communicate his intended message to his audience. Basically, the elderly character portrays the qualities of the disability and lack of power to perform his daily duties and responsibilities. The son and his wife are arrogant and disrespect the ir father. However, their grandson honour the experience of the older generation and this explains why he is making a wooden bucket for their parents to use when he grows up. The mentioned characters create a strong ground for readers to understand the things that elderly people go through. They are often discriminated and disrespected by the younger generation. This story is important to our culture in that, it teaches parents on how to bring up their children in an upright way. This is because children are likely to imitate their parents’ conducts. This story is significant since it helps parents to understand that if they disrespect their elderly parents, their children are more likely to treat them meanly when they become old. The story continues to be told because it addresses a major concern in the society. The story is a wake up call for parents to correct their actions so that children begin to emulate true role models. This story is often narrated to create insights on why parents should cherish being role models to their children. This story means a lot to me in that it helps me articulate the importance of respecting the elderly. It reminds me of how the elderly are subject to discrimination from the younger generation. Further, this story shows the benefits of respecting the elderly as, preserving respect for personal and future generations. Various theories have been advanced by different theorists such as Maria Montessori, Jean Piaget, and Lev Vygotsky (Calvert and Barbara, 22). Although their theories differ greatly, these theorists have a similar concept of learning and children development. They believe that learning and development occur when children interact with the people around them and the environment (Pinter 28). The theorists affirm that young children are active learners and they tend to imitate those around them. SECTION TWO Retelling the story Once upon time, they lived a very old man in a small who lived in disability, His eyes had become dim, his knees trembled, and his ears were dull of hearing. His life was difficult in that he could hardly hold a spoon when eating and often he could split the food on the table. His son and his wife were disgusted at his father’s conduct and they served him food in the earthenware bowl. The poor man underwent a lot because of his age and his inability to perform chore duties. One day, his trembling hands could not hold

Management between the hard work, intelligence and wisdom Research Paper

Management between the hard work, intelligence and wisdom - Research Paper Example The project will help create a model to be used by managers in providing intelligent solutions to organizational problems and wise management guidelines to help managers make the best decisions for their organizations. This project will base the research on a sample of organizations in Kuwait, Dubai and Istanbul. The study is designed to make inferences that can apply to a wide population that is, the whole world. Management is a field of study that keeps on changing each and every other day. There is a need to keep on revising the current trends, the traditional practices and researching on the future techniques that are going to be applied in management of organizations. Management is a key factor to performance for almost every organization in the whole world. Use of wise techniques in providing intelligent solutions to organizational problems will highly help organizations to achieve their goals successfully. The project will entail a detailed research for primary data in Kuwait, Dubai and Istanbul and secondary data from books, journals and other publications that contain data relevant to the study. The data will be carefully analyzed and presented as findings. Conclusions and recommendations about the findings will then be made. This will be both quantitative and qualitative recommendations. The goal of this project will be to introduce the concepts of wise management and intelligent solution as a management tool. The goal is considered SMART (specific, measurable, achievable, realistic and time bound) due to the following reasons; the recommendations are to show a guideline of generating intelligent solutions to problems and making wise management decisions (Taylor, 2009). The study will show the levels of management and how the strategies inferred are going to be allocated to various levels of management. The goals are attainable since the study is wide and from different locations thus, the recommendations will consecutively be realistic. The projects goals will have a time frame of six months starting from the commencement of the project. The goal highlighted above is indirectly the hypothesis of the study. LITERATURE REVIEW Management is faced with a lot of challenges and obstacles in practice. The study will reveal how the challenges and obstacles affect the organizations and how to tackle them. For example, in Kuwait, people are very tribal and self centered. Managers will find it difficult in organizing, coordinating and controlling them. They will prefer dealing with people of their own tribe, people they know and many other social issues. This necessitates a study to improve the sharpness of managers in terms of skill and experience. Organizations are always ready to offer good salaries and allowances to managers in exchange for their quality service. This study will help potential managers to understand the importance of quality/wise techniques in making management decisions. This will benefit organizations like governmen t, civil service, financial firms, commercial firms, educational institutions, NGOs and many other institutions. Ever since the 19th century, many organizations have adopted the traditional five techniques of management. They were: planning, organizing, implementation, inspection and human resource management. Changes in business and other areas have created demand for further studies in the sector.

Retailing story Essay Example | Topics and Well Written Essays - 1000 words

Retailing story - Essay Example Often, he could split the food and the couple became so discontent with his living conditions (Keding 33). This made the couple to buy a wooden bowl, which they used to serve the old man food. One day when the couple was just sitting, their little son began to gather some wood in the ground. When his father asked what he was doing, the son responded that he was creating a wooden bowl for his parents to use in the future. Immediately, the couple began to cry and were ashamed that they were treating their father so cruelly, and from that day they decided to treat their father right. The plot details The main characters of the story are the old man, his son and wife, and grandson. At the beginning of the story, the author uses these characters to communicate his intended message to his audience. Basically, the elderly character portrays the qualities of the disability and lack of power to perform his daily duties and responsibilities. The son and his wife are arrogant and disrespect the ir father. However, their grandson honour the experience of the older generation and this explains why he is making a wooden bucket for their parents to use when he grows up. The mentioned characters create a strong ground for readers to understand the things that elderly people go through. They are often discriminated and disrespected by the younger generation. This story is important to our culture in that, it teaches parents on how to bring up their children in an upright way. This is because children are likely to imitate their parents’ conducts. This story is significant since it helps parents to understand that if they disrespect their elderly parents, their children are more likely to treat them meanly when they become old. The story continues to be told because it addresses a major concern in the society. The story is a wake up call for parents to correct their actions so that children begin to emulate true role models. This story is often narrated to create insights on why parents should cherish being role models to their children. This story means a lot to me in that it helps me articulate the importance of respecting the elderly. It reminds me of how the elderly are subject to discrimination from the younger generation. Further, this story shows the benefits of respecting the elderly as, preserving respect for personal and future generations. Various theories have been advanced by different theorists such as Maria Montessori, Jean Piaget, and Lev Vygotsky (Calvert and Barbara, 22). Although their theories differ greatly, these theorists have a similar concept of learning and children development. They believe that learning and development occur when children interact with the people around them and the environment (Pinter 28). The theorists affirm that young children are active learners and they tend to imitate those around them. SECTION TWO Retelling the story Once upon time, they lived a very old man in a small who lived in disability, His eyes had become dim, his knees trembled, and his ears were dull of hearing. His life was difficult in that he could hardly hold a spoon when eating and often he could split the food on the table. His son and his wife were disgusted at his father’s conduct and they served him food in the earthenware bowl. The poor man underwent a lot because of his age and his inability to perform chore duties. One day, his trembling hands could not hold

Video games and violnce Essay Example | Topics and Well Written Essays - 500 words

Video games and violnce - Essay Example ing intensities of aggressiveness; the ‘Tetrisc’ that was non-aggressive, the ‘Shareware’ that was moderate and the ‘Sega Mega’ that was highly aggressive (Scott 123). The study then measured the aggressiveness before and after exposure. The author hypothesized that participants should present a linear increase in aggressiveness after exposure. However, from his study, he notes that there exists no straightforward correlation of the variable and claims that video games may lack influential effects as most scholars account. Indeed, the author observes that we should not generalize the negative effect of such exposures. He also notes that a critical factor to account for when accessing the influence of these games is individual differences (Scott 131). The author uses rational methods in developing an informative and a persuasive piece. Initially, the author’s thesis states that the video games exposure and aggressiveness should have a linear correlation. The author manages to examine his thesis effectively by measuring the group’s aggressiveness under varying backgrounds. Changes in the group aggressiveness would signify the effect of exposure on individuals (Ferguson 380). It is common knowledge that an increase in figures would support the author’s thesis. Tactically, when the figures fail to support study’s thesis, the author keenly notes that the games exposure lacks an obvious effect on observed violence. The study’s ground is acceptable since the study utilizes practical measures in examining the subject. Apparently, if video games effects on violence, then we expect to realize a significance difference on the group’s aggressiveness after exposure. The study employs reliable and persuasive evidence to prove its position. This is evident in the research’s idea of setting the group against games with varying aggressive intensities. As such, we expect to observe maximum aggressiveness when the group is exposed to highly violent video

Psychological Perspectives Essay Example for Free

Psychological Perspectives Essay Behaviourist approach-we can understand any type of behaviour perspective by looking at what the person has learnt, including personality, confidence, optimism or pessimism. Classical conditioning and Pavlov’s dogs. Pavlov was working with dogs to investigate their digestive system Pavlov attached a tube to the dogs mouth was the sliver comes from. This was then attached to a monitor in whom the monitor would monitor how much sliver was used during salivation. Salivation was a automatic response that is unconditioned (not learnt). Food leads to this almost automatically (unconditioned stimulus). Pavlov decided he wanted to find out how much the dog salivated when associated with different noises before giving him food. Pavlov put up a wooden wall so the dog could not see the food, he then rang a bell the dog began to salivate. Over the day the dog then began to associate the bell with the food a salivated as soon as he heard the bell. It had learnt the conditioned response of salivation to the conditioned stimulus of the bell. Operant conditioning and skinners rats. This was to discover the key principles of new learning behaviours. The rat was first places in the box with a lever which when pressed it released a food pellet in to the box. At first when the rat got in to the box it sniffed around and at some point it pressed the lever, discovering that the pellet was dropped. The rat then repeated this performance and learned that pressing the lever is automatically followed by the pellet being dropped. ( the consequence) The pellet is seen as reinforcing, this means something that the rat would like to have more of. There are two types of enforcement negative and positive reinforcement. Skinner then investigated negative reinforcement by running a low electrical current on the floor of the box, the current would be de-activated when the lever was pressed. The behaviour of pressing the leaver was then negatively in reinforcing. For example humans used pain killers as a negative reinforcement because if you use them the pain then tends to go away. Social learning approach Social learning is what affects a person because of a certain individual or a group of people. This could lead to negative behaviour which could be smoking, drinking and drugs. These could be influenced by friends, parents or a guardian and also from the environment they live in. Albert Bandura proved this because he observed this by doing the bobo doll experiment which was children watching a adult kick, punch and sit on the doll. The children then were allowed to go in a play with the doll and they did what they had observed. But also in the room there was other items that they could play with so they could chose to be aggressive or not but they chose to play with the doll, when they were playing with the doll some got guns involved and pretended to shoot it, which the adult never did. The children also used aggressive language towards the doll, this showed that because they had observed the adult being aggressive towards the dolls the children copied. Bandura also believed that behaviour can be learnt from the following principles observational learning, this is watching someone else perform a behaviour such as smoking, drinking, wearing a cycle helmet, they can be learnt but does not have to be reproduced unless the person is motivated to perform the behaviour. A role model which is an individual that inspires others as they could be prestigious, attractive, have a high status and they may copy their behaviour. Modelling which is the process of basing behaviour for example dressing the same as someone who they may admire. Availability the behaviour to be learnt must be available this could be performed somewhere for the individual to see this could be on TV, the computer, games, there peers and family members. Attention the behaviour must be noticed or we will not be able to learn it, if someone is feeling unwell they may not pay attention which could be a problem because you will not remember the procedure. Retention is behaviour that must be retained which is that the person must be interested enough and old enough to retain the information in their memory. Reproduction the individual must be capable of performing the behaviour. Motivation behaviour will be learnt and then performed. Humanistic approach Maslow was a psychologist that believed we were all seeking to become the best that we possibly can be physically, spiritually, emotionally and intellectually, he called this self-actualisation. He also made the theory known as hierarchy of needs this explains that every human requires certain basic needs to be met before they are able to move on to the next stage. He also believed that all our energies will be focused on the stage that we are at, until the basic needs are met we will not focus on our emotional needs and to feel self-esteem which is how valuable we may feel, for someone who has a high self-esteem they will believe that that they are loved and are loveable and also that they feel important and valued. For someone who has a low self-esteem they could feel worthless and that they have no value to anyone and may feel unloved and that they are not unlovable. Self-concept is developed at an early age and it is the way we see ourselves, for example if someone was a child got told they were silly they are more likely to be that way were if a child is praised they will be behave and will have a positive self-concept. Rogers was interested in concept of self, it is the way we view ourselves which includes physical and biological attributes like being male or female, short or tall. He believed that we also hold a concept of our self which represents as view of how we should be and as we would like to be, when there is incongruence between our self and our ideal self we can become unhappy and troubled. (betec level 3 health and social care book 1) Biological approach The maturational theory is that a child would be born with a set of genetics which are passed down through their parents, which are cognitive, physical, and other developmental processes which unfold over time. It is a theory that states that development is to nature not nurture. Gesells theory was that he believed that the development happened the way it was suppose to, this was from developing in the womb until birth. After birth he believed that this is when the child’s genes started to develop them into the person that they were meant to be. He also believed that the environment supported them developing their skills, talents, personality and also their interests but what was the main thing that helped the child develop was the maturational process. The importance of genetic influences on behaviour is that genes affect someone’s behaviour in a numerous of ways. A dominant gene can cause disorders like Huntington’s disease which can be passed on through a parent. Other disorder could be cystic fibrosis which both parents need to carry the gene in order for their child to get it. Disorders can be passed down but are not genetically determined which can lead to the person developing the disorder for example breast cancer can be passed down if one of the family members carry the gene. Psychodynamic approach focuses on unconscious thought processes, the patient will explore the unresolved issues and the conflicts that they have had in in the past which are believed to affect them in their present life. The therapies focus on relieving and resolving the unconscious conflicts which are motivating their symptoms. Freud first developed the vital ideas which bring about the approach as a whole particularly the idea that understanding behavior requires insight into the thoughts and feelings that motivate our actions. Freud also describes conscious mind, which consists of all the mental processes of which we are aware. For example, you may be feeling hungry at this moment and decide to get something to eat. Eriksons theory differs in a number of important ways. Erikson believed that personality develops in a series of predetermined stages. Unlike Freud’s theory of psychosexual stages, Erikson’s theory describe the impact of social experience across the whole lifespan.