Premium Essay

Guidance

In:

Submitted By 69athena
Words 573
Pages 3
Globalization is changing many of the existing reporting rules and standards that are currently used in the field of accounting today. Accountants will need to adapt to the challenging task of working with both GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) reporting methods in order to conduct everyday business. The following paragraphs will discuss reporting, GAAP and IFRS standards of reporting
Some advocate the idea that companies should voluntarily disclose financial information they deem important instead of using standardized financial reporting. I disagree with this method of disclosure because it would be time consuming and confusing for investors and creditors to decipher. “Further, readers of financial statements would have to familiarize themselves with every company’s peculiar accounting and reporting practices” (Kieso, Weygandt, and Warfield, 2012, p. 7). Voluntary disclosures from companies may be a temptation to manipulate numbers in their favor to hide debt, hide risk and control stock prices. When comparing standardized and voluntary disclosure methods in reporting, general-purpose financial statements are the more cost effect and furnish the most pertinent data to the various user groups. In addition, companies not using general-purpose statements run the risk of not raising enough investment capital because they are not providing investors and creditors with enough information.
The IASB (International Accounting Standards Board) is the independent standard-setting body of the IFRS (International Financial Reporting Standards) Foundation. According to a Deloitte sponsored website called IASPlus, the IASB develops and pursues its technical agenda, prepares and issues IFRSs (other than Interpretations) and exposure drafts by following the due process stipulated in the

Similar Documents

Free Essay

XsSef

...recorded on the front of the Candidate Record Forms. Task Choices The most frequently attempted tasks were those based on Tourism (35% of work seen), Water on the Land (32%), the Coastal Zone (12%), Changing Urban Environments (7%) and the Living World (6%). Centres successfully contextualised the chosen task so that their candidates were able to produce valid investigations. There were some instances of centres attempting a task from the incorrect year of submission or deviating from the task, although not to a degree that invalidated the work produced. The Investigations Many investigations exceeded the guidance of 2000 words and some were far too long. This was particularly evident where very able candidates had access to ICT for the majority, or all, of the time allowed for the task. Centres are advised to ensure that all of their candidates keep to the guidance of 2000 words. Shorter and more succinct pieces of work tend to be more tightly focused, they are easier for centres to mark and they are more manageable from the candidates’ perspective. The more concise style has led, in some instances, to higher quality writing and more attention to detail. It has also been found that candidates who have produced excessively lengthy...

Words: 354 - Pages: 2

Free Essay

Acknowledgement

...Acknowledgement: I have taken efforts in this project. However, it would not been possible without the kind support and help of many individuals and groups. I would like to extend my sincere thanks to these people: I would like to express my gratitude towards our parent for their kind cooperation and encouragement which help us in completion of this investigatory project. To my teachers: I would also like to thank them for their guidance and constant supervision as well as for providing the necessary information regarding the project and also for their support in completing the project. To our neighbours: I wanted to thank them because of developing our project and they are also willingly to help us out with their abilities. I would like to express my special gratitude and thanks to the hardware stores for giving me such time and attention. They also help us to find our needed materials in their store. To our principal, who gave us the golden opportunity to do this wonderful project which also helped us to do a lot of research and I came to know about so many new things. I am really thankful to her. To my group members, who help me to assemble the parts and gave suggestion about our investigatory project. To the panel, especially during the project presentation that has improved our presentation skill, thanks to their comment and advices. To our friends, who helped us a lot in finalizing this project within the limited time frame. To...

Words: 321 - Pages: 2

Free Essay

Advice to a Friend on Choosing a Mistress

...Analysis of Advice to a Friend on Choosing Mistress Advice to a Friend on Choosing Mistress is a letter written by Benjamin Franklin in June 25th 1745 to his friend. The speech of this letter is essentially communicated to single men. The author gave advices particularly to his friend on which type of woman he should date if he is not ready to get married. Franklin preceded his lustful consulting by an apology for the marriage, recalling his friend how much carnal pleasures are favourable in a legal and recognized union. In his message, Franklin advises his friend that marriage is the best solution not for only sexual desires but also the undisputable source of solid happiness. Having suspicions that his friend would not follow his guidance, Franklin recommends him to choose older mistresses instead of younger ones and lists eight valuables reasons to better support his argument. Franklin commences his essay by presenting advantages of the marriage. He says ‘’ I know of no medicine fit to diminish the violent inclinations you mention…Marriage is the proper remedy. It is most natural state of man and therefore the state in which you can are most likely to find solid happiness’’. Through those sentences, Franklin seems to estimate that from a masculine’ view, one of the main advantages of the marriage is to bring pacification toward requirements of the flesh. The recipient of the letter who was the friend of the author seemed to be looking for a situation in which he...

Words: 1256 - Pages: 6

Free Essay

Medication

...Module 1 assessment. 6 a) Outline each of the following organisations provide guidance for the use and handling of medicines. a) The registered person must protect services against the risk associated with the unsafe use and management of medicines, by means of the making of appropriate arrangements for the obtaining, recording, handling, using, safe keeping, dispensing, safe administration and disposal of medicines used for the purposes of regulated activity. People who use the services, will have their medicines at the time they need them, and in a safe way. When ever possible, will have information about the medicine being prescribed made available to them or others acting in their behalf. This is because providers who comply with the regulations will handle medicines safely, securely and appropriately. Ensure that medicines are prescribed and given by people safely and follow published guidance about how to use medicines safely. b) Nurses and midwifery need to apply in their practice, circulars should read in-conjunction with standard guidelines. The code is the foundation of good nursing and midwifery practice and a key tool in safeguarding the health and wellbeing of the public. The people in your care must be able to trust you with their health and wellbeing. This code should be considered together with the nursing and midwifery council rules which they must follow. The principles of safe practice responsibility and accountability when administering medicines. ...

Words: 365 - Pages: 2

Free Essay

Gehz

...| Payment: For Cash/Full Payment: P 20, 680.00.00 For installment Payment: P 22, 680.00.00 Down Payment: P 7, 880.00.00 Monthly Payment: P 3, 700.00.00 x 4 Payments: All bank payments are subject for verification. False bank reference number will render your Registration invalid and your schedule will be allocated to the next enrollee. *for policy on payment refunds, refer to your STI Student Handbook and assessment form Pre-requisites: All students must observe the course sequence prescribed by your curriculum. (Refer to your checklist for guidance on course sequence and pre-requisites)...

Words: 413 - Pages: 2

Premium Essay

Qwertuop

...Short Paragraph on My Mother for Kids (382 Words) by Anushri Kapur My mother is the most important person in my life. Not only did she carry me for nine months but she continues to support and love me regardless of what I have put her through to bring me up. So far my mother has the greatest impact in my life. Many people have come and passed but she keeps by my side helping and advising me on all the important values of a good life. As I watch her struggle to bring all my three siblings and me up I can only hope to be such a strong and hardworking person myself. She diligently takes care of our family while still running her business. She has shown us that with hard work and determination anything is possible. My mother is patient and when she puts her heart on something, she doesn’t give up until she sees results. My mother runs several successful businesses and is able to juggle between her business and taking care of us. This is something I can only hope to have. My mother and I are close and I normally go to her for advice. She has taught me a lot and has helped me become a better person in life. She is intelligent and knows the solution to almost any problems I seek advice for. I have seen her struggle day to day to ensure we are all ok while still managing to run her demanding businesses. She is a strong woman and doesn’t let any setbacks hold her back. I remember a time when some burglars broke into one of her business and made away with almost everything...

Words: 374 - Pages: 2

Premium Essay

Guidance

...Guidance In today’s society many children have grown up to become emotionally stable and successful whether they had one or two parents to show them to get through the unsteady difficulties life brings to all human beings. The problem is that none of these children are being raised right nor given good advice that will help them succeed in life. Countless people believe that if a child grows up in an unstructured household, then he or she will not be instilled with the right morals, ethics, and values, which is untrue. But, today, the youth in our society is being inspired by the ignorance we see on social media and it is not heading in the direction of righteousness. In the essay “Advice to Youth” by Mark Twain, he offers some seemly good advice to the young people. The advice he offers is that “all young people are given rules or advice to guide them as they grow up and to keep them on the right path to live a good life”. Mark Twain states “Always obey your parents, when they are present”. Yes, you should obey your parents, but if they are not present, you cannot solely rely on their standing orders to make the best decision. Of course you should be respectful to your superiors, but if those same people are not respectful to you then you cannot be expected to continue the gesture of being respectful towards them. With a statement like that, society presumes children are more likely to have behavior problems because they would not believe in showing respect toward their...

Words: 873 - Pages: 4

Premium Essay

Guidance

...complexity, and novelty Recognize that most computerized systems are now based on configurable packages, many of them networked Acknowledge that traditional linear or waterfall development models are not the most appropriate in all cases © Copyright ISPE 2008. All rights reserved. Page 1 of 10 2 Overview of GAMP Documentation Structure The GAMP Guide forms part of a family of documents that together provide a powerful and comprehensive body of knowledge covering all aspects of computerized systems good practice and compliance. This Guide comprises a Main Body and a set of supporting Appendices. The Main Body provides principles and a life cycle framework applicable to all GxP regulated computerized systems. Practical guidance on a wide range of specific topics such as...

Words: 2860 - Pages: 12

Premium Essay

Guidance

...ARTICLE # 1 School Guidance Counselors: Understanding their Role and Making the Most of the Relationship Whether your child is going through a difficult situation that is affecting his or her school work, or you want to ensure your college-bound teen stays on track, a school guidance counselor is a valuable resource for both you and your child. Perhaps your own interactions with school counselors were minimal as a student, or you are unsure what sort of guidance to expect as it relates to your child's academic experience. Today, the school guidance counselor plays an important role in students' educations, providing academic, personal and social, and post-graduate advisement services. Ultimately, your child's guidance counselor is dedicated to helping your child succeed. Some of the services that your child's guidance counselor may offer include the following: * Support groups to alleviate stress related to school (or for students whose parents have divorced, who have lost a loved one or suffered a similar tragedy). * One-on-one brief counseling sessions to address personal or social concerns. * Crisis intervention and support, possibly in collaboration with staff clinical psychologists. * Drug and alcohol intervention. * Orientation for new and transfer students and their parents. * Counseling for at-risk or frequently absent students. * Enrichment activities in the classroom (coordinating with teachers), such as problem solving, self-esteem...

Words: 2883 - Pages: 12

Free Essay

Guidance

...During my attendance at Knox College thus far and seeing the guidance programme at work, my honest opinion regarding the guidance programme is that, it has help me a lot during my time at Knox College. It has done so by giving meaningful and aspirating advice to young students such as myself, that will be going out into todays’ society. I also love the way the guidance counselors are straight forward with their students, by not hiding or censoring anything from the students and putting what they have to say straight out on the table, then explaining it in full details to the students, so that they can understand what todays’ world is really like. One other aspect about the guidance programme that I’m really glad and grateful for, is how they are able to use real life situations as examples to show us young adults, yes “young adults”, that we should be careful of the choices and decisions we make because we are no longer children that need to be breast feed by our mothers, but as young adults who will bring change to our generation and future generations to come. I also view parents’ day to be very helpful for the students. It gives the parents a chance to see how their child/children behaves and conducts his/herself in a school environment. It also provides opportunities to see how well their child/children are progressing thus far in the school year. It now helps the students, by seeing how much their parents/guardian are committed to their social and educational development...

Words: 1704 - Pages: 7

Premium Essay

Guidance

...2LT Dorado Reminder: * Officer birthdays are added to the BC’s calendar (at the top). Birthday cards should be handed out to all officers and 1SGs, on their birthday is the goal but if it falls on the weekend, you could hand out either the week before or after. I usually do up to 2-3 months at a time and give to the BC for signature; if you receive new officers in this period you may have to do a few individual cards in between you regular printing periods. This will also be true if the officer gets promoted during the period in which you have already printed the card. The birthday card format can be found in the folder titled LTC Willingham. All logistic officers within the BDE will get a birthday card. * USR (AR 220-1) is done at the end of the month- SPC Morris and SGT Tunwar are the subject matter experts (SME). The Soldiers only fill in the following slides: personnel shortage, personnel and the nonavailable slides. You will then fill in the personnel portion of the commander’s and resource summary slide. MOS shortages are sometimes required a few days before the slide deck when it falls on the holiday or during field periods. When you receive the email from the S2, get with SGT Tunwar and give him a suspense to get the information to you. It is a good practice to send him the last month’s slides in which you had sent previously to the S2. He is tracking that he has to prepare the MOSI and identify the top 20 shortages and forward to the CSM. You...

Words: 2954 - Pages: 12

Premium Essay

Guidance and Counselling

...Guidance and Counselling plays integral part in both teaching and learning and must be given the necessary attention in all educational endeavors. Guidance and Counselling activities should be pivotal in our curriculum and also must be given the necessary attention in our educational set up to assist students. Guidance and Counselling must therefore be carefully designed and well executed at every level of the educational ladder especially at the basic school level. It is an open secret that students in Ghana face myriad of challenges which militate against their academic, career and socio personal progress in school due to the absence quality guidance and counseling services. Throwing more light on the concept of guidance, Miller F.W (1978) in his book Guidance principles and services sees guidance as all the activities engaged in by the School that are primarily aimed at assisting an individual to make, carry out adequate plans and to achieve satisfactory adjustment in all aspects of his daily life. Supporting the above definition, George and Cristiani (1986) in their book Counselling theory and Practice stated that Counselling is a relationship between a professionally trained counselor and an individual seeking help in gaining greater self-understanding, improved decision-making skills, behavior change and skills for problem solving. Reading through the above definitions of the concept of Guidance and Counselling over and over again makes me wonder whether our stakeholders...

Words: 1125 - Pages: 5

Free Essay

Career Exploration

...Career Exploration Plan Worksheet Section 1: Introduction to the Phoenix Career Guidance System & Understanding the Career Milestones After reading each milestone description, complete the following table, by writing a 100-150 word statement about which two milestones seem the most interesting or useful to you based on your current career situation and why. |Milestone |Response | |1. #5 - Networking |Finding a mentor because having someone who has already completed| | |the course im taking, it would be exciting to converse with | | |someone who has interest in the same thing as me. Having a mentor| | |would really meana lot to me. | |2. #7 - Interviewing |I always get very nervous during interviews and I want to make a | | |positive impression. I will practice with these questions. | Section 2: Understanding your career dashboard After reviewing the descriptions of each milestone click on home button to go back to your career dashboard to explore this page further...

Words: 423 - Pages: 2

Premium Essay

Guidance Strategies

...Hailey Carr April 19, 2016 Guiding Children’s Behavior Guiding Strategies Observation I noticed throughout the day, one of my co-teachers uses many guidance strategy tools in order to keep the day flowing smoothly. One day, we were all going to be getting ready to go outside and play, since it was sunny and warm. My co-teacher, who works with the preschoolers, begins to get her children ready to go outside first, since most of them are able to get dressed by themselves. One of the children begins to grab everyone’s boots and coats and throw them into the center of the rug. My co-teacher sees this, gets down at the child’s level, looks him in the eyes, and says, “Why don’t you grab your boots and coat instead? Your friends are able to find theirs when they have finished using the bathroom.” This child then said, “But I can’t find them!” So my co-teacher then said, “Well, have you checked in your bag? I think I see a sleeve sticking out.” The boy looked up at her, smiled, and went and found his boots and coat and proceeded to put them on. My co-teacher then proceeded to tell the children to sit down on the rug and wait for their names to be called to line up at the door to go outside. When one of the children tried to go before their name was called, my co-teacher explained to him, “I’m sorry, but I did not call your name yet. You need to wait until you hear your name before you may line up.” One thing I really notice, if the use of clear positive directions...

Words: 558 - Pages: 3

Premium Essay

International Guidance

...Memorandum To: Mr. Thomas Stearns, Project Manager, International Guidance and Controls From: Date: October 2, 2012 RE: Software Project for CARV Command and Guidance System _____________________________________________________________________ I have recently received and reviewed your memorandum regarding your issue with the Confined Aquatic Recovery Vehicle project. I have considered three options and their ability to save your company as much money as possible while completing this project in a timely manner. The three alternatives I considered were to immediately invest in hardware, to stay on your current path with the software developments only or to wait and reevaluate your situation in five months. Each of these scenarios has their benefits and risks and I would like to explain each of these in more detail. The intangible costs of your company’s reputation have also been considered and evaluated given that this is a concern of yours and a damaged reputation can dramatically effect your success. Analysis and Results: I have used a descriptive decision tree to analyze your situation. Using a decision tree to evaluate and depict your issue allowed me to weigh the different possible outcomes with their associated consequences and probabilities. There are three separate attachments I will be referring to throughout the discussion of my results. I used the probabilities given in your memorandum with the various costs associated with each option and calculated...

Words: 894 - Pages: 4