Globalization of Financial Reporting Essay Example | Topics and Well Written Essays - 1250 words

Globalization of Financial Reporting - Essay Example Globalization of Financial Reporting As such, the structure should be â€Å"contingency based, taking into account the variables of that particular system at that specific point in time.† The most important variables to consider are the firm’s strategy, size, technology, and environment of those countries in which the country operates. In addition, other relevant variables that affect the company’s operations are: geographic dispersion, time differences, language, culture and business practices. These could actually be classified according to resources (man, materials and market), the processes, the controls and incentives and the culture of the organization as well as that of the host country. These variables interact consistently to ensure that the global company maximizes the utilization of its resources and assure its profitability. Thereby, each and every component or variable is important in defining the success of the firm’s international operations. In this regard, this essay is written with the objective of proffering the ways in which globalization has affected one of the critical areas in an organization’s operations – its financial reporting. In addition, as the process of globalization continues, the discourse would determine The effect of globalization to organizational structure, particularly financial reporting and accounting practices are tremendously being evaluated triggered by the need to standardize reporting concepts and practices for international users.

Abortion laws in the state of Ohio Term Paper Example | Topics and Well Written Essays - 750 words

Abortion laws in the state of Ohio - Term Paper Example The state encourages the practice of a compulsive delay of 24 hours prior to the abortion (Laws). This 24 hour period is to be used for the purpose of state-directed counseling (Laws). This piece of counseling information must be handed over to the licensed physician, who is going to conduct the operation (Laws). This 24 hour consent law even makes it mandatory for a woman to give some information to the physician upon a face to face meeting (Laws). The physician must retrieve the following information from the patient:- (Laws). It is only after all the procedures are completed, that the patient gets to sign an informed consent (Laws). The patient even has to declare that she is not under the influence of any drugs or alcohol at that point of time (Laws). If a patient is less than 18 years of age, a parent, legal guardian or custodian must go along with her to the pre-abortion visit (Laws). The law even requires that the parent/legal guardian/custodian, give their Informed Consent on the abortion (Laws). From the above discussion we can conclude that the abortion laws in the state of Ohio have been designed by the government with the intention of protecting the innocent fetus from the brutal process of abortion. The laws have been formulated keeping in mind the complete safety of the patients. Also, the requirement of parent’s consent criteria sounds veritably justified enough for a healthy and happy society. Sweigart, Josh. â€Å"Area representative at center of Ohio abortion controversy†. Springfield News-Sun. 27 Mar. 2011. 28 Mar. 2011. OKeefe, Paul. â€Å"Proposed Ohio abortion law would be one of strictest in country†. Wews Newsnet5.com. 8 Feb. 2011. 28 Mar. 2011.

Human Resource Management Assesment Essay Example | Topics and Well Written Essays - 1500 words

Human Resource Management Assesment - Essay Example From this study it is clear that  work-life balance is one of those activities which pursue the objective of reducing stresses in employees work environment. This is to create a balance between employee personal life aspects and work activities, to come to better performance and appraisal respectively. This report is about such social HRM norms, in order to access and judge that how such norms are adaptable in organization systems. The primary objective will be to access two of beyond contract activities, first is the work-life balance and second the stress management policy.This paper outlines that  work-life balance is one of social HRM policies which supports employee’s will to manage his or her time in work and in the daily life activities. The concept relates to employee’s participation in work by providing them moral support and enthusiasm towards personal life activities. Such activities may include social networking, joining friends and family, giving suffic ient time at home, self-care and personal health development. When HR managers adapt policies of work-life balance at the work place, their motive is to organize and develop employee’s mental health and behaviour. When the employee becomes mentally stable (stress reduced), he or she is able to create a balance between work and life acting affairs.  The culture of social policies (work-life balance) adaptation comes right from the top, like from the senior HR managers.

Many cultures use animals for ceremonial or celebratory purposes, and Essay

Many cultures use animals for ceremonial or celebratory purposes, and often this means the animals must be killed or eaten - Essay Example Firstly, the argument for the preservation of animal lives at the expense of humans is hypocritical stance. The development of humans alone jeopardizes animal and natural surroundings. According to several studies, the expansion of human industrial and domestic areas has led to the extinction of numerous species and endangered others (Taylor, 191-222). Therefore, based on the same argument, it would be illogical to deny humans a living area at the expense of animals and the same applies to neglecting old traditions to save animal lives. Human traditions are an essential part of society and key in the development of future generations. Traditions and rituals are a mode of linking each person to his or her past and ensuring that certain factors are preserved within the community. Therefore, the act of killing animals for rituals is a symbol of a broader meaning with a more substantial value than the life of the animal. It resembles a community, its history and is the basis upon which future generations are formed. Therefore, this shows the importance of human tradition and the necessity of the animal killings that are performed in the

Critical Thinking High School Essay Example | Topics and Well Written Essays - 1000 words

Critical Thinking High School - Essay Example Critical thing in Australian universities is a key factor in upgrading student's study skills (Triyoko, 2007). Critical thinking is an examination of the structures or elements of thought contained in all reasoning, such as purpose, problem, question-at-issue, assumptions, empirical grounding, reasoning towards conclusion, implications and consequences, obstructions from alternative view point, and frame of reference. Critical thinking can also be reflected through a person's curiosity to respond to variable subject matter, issues and purposes. Critical thinking is a concept that is incorporated in a company of intertwined modes of thinking, such as scientific thinking, mathematical thinking, historical thinking, anthropological thinking, economic thinking, moral thinking and philosophical thinking. Critical thinking exists in two components; one, critical thinking is viewed as a set of information and belief generating and processing skills. Two, critical thinking is viewed as a habit whose basis is strongly laid on intellectual commitment to use those skills to in guiding behavior. Critical thinking therefore, is very different from; mere acquisition and retention of information, because critical thinking has a peculiar way of seeking, attaining and treating information. Again, critical thinking is different from sheer possession of a set of skills, because, critical thinking is only complete if it exercises use of those skills continuously (Scriven & Paul, 1987). Critical thinking is not made a concept merely by acquiring skills and putting them into practice; it is fulfilled if the skills put into practice are observed to produce results which must be analyzed and accepted to be important into a certain body of knowledge. Critical thinking is governed by some specific motive guidance. Critical thinking which is guided by selfish motives is characteristic of skillful manipulation of ideas to suit the personal interests. Such motivated critical thinking is void of intellectuality, however practically successful it might be. Although such kind of motivated critical thinking can be directed by fair mind and intellectual integrity, it produces results of high order in terms of intellectuality; however, it is not innocent of biasness from idealism connected to its selfish motive. Critical thinking lacks universality in any individual (Scriven & Paul, 1987). All people are culprits of irrational thought. Its quality therefore depends on the quality and depth of experience in a particular field of thinking. The development of critical thinking is continual. It never stops. No one is a critical thinker all along. There are several strategies that are relevant for developing critical thinking in any individual, students included. In this paper, I will evaluate only three of the most common strategies of developing critical thinking used by tutors and students in the Australian Universities. These are, Affective Strategies, Cognitive Strategies - Macro-Abilities, and finally, Cognitive Strategies-Micro-Skills. Under Affective strategies, there are 9 strategies which generate ability to develop exercise critical thinking. I will discuss only one of these. This one is, Thinking Independently.

Financial intermediation Essay Example | Topics and Well Written Essays - 750 words

Financial intermediation - Essay Example Being an intermediary also means acting as the middleman or go-between among lenders and borrowers; a good example of a financial intermediary are the banks and other financial institutions which accept deposits from people who have extra monies and lend these out to those who need them and willing to pay interest for the use of the money. Financial intermediation is the crucial process in any of free capitalist markets or economies because it allows for capital-raising activities and helps to promote economic growth. This is achieved through a dual savings – investment process. Financial intermediation accomplishes three general objectives which are: convert a short-term liability into a long-term asset (banks do this by reconciling different maturities), a way to mitigate market risks (such as by lending to several borrowers instead of just one) and to re-denominate fund amounts (like bundling several small investors together and lend their monies to one big borrower; conver sely, one big deposit can be lent out to many borrowers). When financial regulation is performed by the concerned government authorities/agency in a prudential manner, it will safeguard the economy from excessive risks and abuses. The primary beneficiaries of financial intermediation are the borrowers who will be able to keep their borrowing costs down as opposed to borrowing directly on the markets and other primary beneficiaries are the lenders who will be insulated from any of probable market failures if done properly, as stated earlier, in a prudent way. The entire nation will benefit if it is well-managed, in the sense that intermediation increases financial efficiency. Using Financial Intermediation to Trade Risks – a good example to trade risks is the insurance industry. What insurance firms do is spread the risks by issuing several life policies, for example, because not all people die at the same time. In other words, only a few people do die in a certain year based on statistics (or probabilities) and so the insurance people can make money based on these probabilities. For example, they issue a thousand life insurance policies and accept premium payments on these policies; however, maybe only 10 people die within a single year and so they are able to earn profits because their payout is much less than revenues from the premium payments they receive. There are also many other ways by which risks can be traded, such as through esoteric investment instruments like credit default sways (CDS) or by selling collateralized debt obligations (CDO) like the sub-prime mortgage markets. The net effect of these opaque and poorly-understood instruments is to transfer the risks to the buyers. Banks, insurance firms and investment companies are example of financial intermediaries that trade risks in the open market and make money by their arbitrage activities. Intermediaries are necessary to mediate or mitigate the risks by credit rationing or diversification (Benner 90). Components of Good Financial Management – the collapse of the sub-prime market in the United States of America brought to the fore the issue of unregulated and opaque types of investment instruments such as derivatives (the CDO and CDS are two examples of these). Other examples of derivative investment instruments are options, futures, swaps and forwards in which the derivatives' values are based on another underlying commodity, hence its name. Its ultimate value is derived from other variables and derivatives are supposed to work by the process in which excessive swings or fluctuations in prices are avoided. A derivative in any of tradeable commodities is simply a contract in which the payoff is dependent on the

Total Separation of Church and State Essay Example for Free

Total Separation of Church and State Essay Total Separation of Church and State â€Å"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof†¦Ã¢â‚¬  The first Amendment of the Bill of Rights within the Constitution and an amendment that comes with support, rejection, and controversy. The amendment was made because the forefathers didn’t want a bloodbath that had plagued most of the world. Since 1618, at least 23 million people have been killed during a war revolving around religion issues. The wars have been fought over land, where separate countries claim a spot of land was promised to them, which is similar to the hostility that is going on between Israel and Palestine, and beliefs, like the Taliban and Syrian rebels attacking the United States Embassy’s because of a movie showing the face of the Islamic prophet Allah, and portraying him as a foolish, sexist pig. Many wars were fought â€Å"in the name of God†, which caused many men, women, and children to parish. When the forefathers came to North America, they didn’t want a repeat of the hostility. Thomas Jefferson coined the phrase â€Å"separation of church and state† in a letter to a political friend, and the phrase stuck, with James Madison saying, â€Å"The purpose of separation of church and state is to keep forever from these shores the ceaseless strife that has soaked the soil of Europe for centuries. † Because of the senseless fighting in Europe, separation was widely celebrated. But for separation to work, it needs to be enforced and to be strict. Strict separation is desirable for several reasons. First, it is a way of ensuring that we can all, as Americans, feel that it is â€Å"our† government, whatever our religion or lack of. If government becomes aligned with a particular religion or religions, those of other beliefs are made to feel like outsiders. The total separation of Church and State would benefit all citizens because it would end the persecution of non-religious persons. But, in the end, it comes down to one question: Can anyone prove that religion is a benefit to everyday life if it’s included in government? Since the founding of our country, the United States of America has been, mostly, Christian country with over two-thirds of the people belonging to Christianity, but that number is dropping. With the religious population dwindling down in the United States, the government should erect a wall of separation that James Madison and Thomas Jefferson envisioned. Erwin Chemerinsky wrote in the book Why Church and State Should Be Separate, â€Å"It seem s to me that if we want our citizens to feel that the government is open for everyone – that it is their government – we need our government to be strictly secular. With the total separation of the church from all federal affairs, it would benefit the citizens of the United States of America from persecution on individual’s personal beliefs and ideals. Our forefathers came over to the Americas to escape the religious oppression of the King of England, and the Church. While holding onto their Christian beliefs, the forefathers decided that the land that would become the United States of America would be of religious freedom, so as not to repeat the atrocity of England during this time period. Even though they tried, the oppression found itself on our shores, coming with a vengeance. In the past 50 years, the government has been adding religion into our country. On June 14th, 1954, president Dwight D. Eisenhower signed into law a change to the Pledge of Allegiance by adding ‘Under God’. Two years later, Eisenhower signed a law officially declaring â€Å"In God We Trust† as our nation’s official motto, which also mandated the phrase be printed on all American paper currency. Eisenhower’s choices to add these religious statements showed that the government has ahold of the ideals that once plagued England. This issue has been fought in many unsuccessful lawsuits trying to undo the damage done by Eisenhower. The biggest issue is a government cannot be premised on the belief that all persons are created equal when it asserts that God prefers some. This belief counter acts everything that the country had worked to accomplish. According to the principle of the constitution regarding the separation of church and state, religion is a private matter, which has no place in the presence of government. As in every argument, there are two sides. In this case, people say that we don’t need a wall of separation, that the church and state should become one, and that the United States should officially become a God fearing country, and that anyone who is not a Christian shouldn’t hold political offices. There’s a growing movement in which nonreligious persons are becoming more and more abundant, beginning to compare with the number of the Christians in the country, leading to a conflict that resembles the Crusades without all the violence. All religion should be kept out of government buildings and any and every government acknowledgements of a God should be thrown out, respecting the citizens that are not religious. Throwing out the mention of religion could lead to some major changes within the government, which could benefit the country. The first reason to make this change is that it protects the nonreligious from unfair persecution. Besides the danger of a direct mixture of religion and government, there is an evil which ought to be guarded against in the indefinite accumulation of property from the capacity of holding it in perpetuity by ecclesiastical corporations. Many Americans misunderstand the words â€Å"separation of church and state†, assuming that the law requires that public life must have nothing whatsoever to do with religion. The founders, by and large, were very much supportive of the role of religion in society, but they separated the ideas of society and government, leaving religion to play a role in society, not government. The separation of church and state is not meant to hinder religion, or to deny the role of religion in society or in our history. The concept of â€Å"separation of church and state† applies to the actions of the government only. The second reason to make a change is that we will be able to tax the churches. In 1986, an estimate showed that all religious income for that year was approximately $100 billion, or about five times the income of the five largest corporations in the United States. All tax free. With the money that is made from churches, the country would be bringing in billions of dollars a year that we can use to help pay off the deficit, build more roads, make more jobs, and build more schools. The third reason is that it’ll take the pressure off of public offices. When John F. Kennedy was elected president in 1961, the public was scared that the Catholic Church would take over the country. President Kennedy quickly made public that he supported separation of church and state and that â€Å"no catholic prelate would tell the president (should he be catholic) how to act†¦Ã¢â‚¬  As President Kennedy believed in, the greatest way for our nation to flourish is without religion involved in politics. Many politicians can’t be elected and lose to individuals that are not as qualified as they may have been. Religion is a very powerful tool, which we need to be careful on how we use it. Taking it out of government and federal affairs would greatly benefit the nation. The future of the United States of America is strong and prosperous as long as it adheres to the wishes of the forefathers and past presidents. Without religion, we shall strive. With religion, we will fall. In 1773, a Rev. Isaac Backus, a prominent Baptist minister in New England, studied amongst his people that when â€Å"church and state are separate, the effects are happy, and they do not interfere with each other: but where they have been confounded together, no tongue nor pen can fully describe the mischiefs that have ensued. † Looking at the ministers studies, it comes down to one final question: what will you choose; happy and separate, or mischievous and confounded together? With the non-religious growing in more and more numbers and their beliefs coming out, the world is noticing a change, a change for the better.  The change is bringing down the level of hostility toward non-religious individuals, and with separation of the church and state becoming an even bigger issue in today’s world; it has become a topic which cannot be ignored any longer.