Adele Is My Role Modle Essay Example for Free

Adele Is My Role Modle Essay Adele Laurie Blue Adkins was born in Tottenham, north London, England, to Penny Adkins, an English teenager, and Mark Evans, a Welshman, on 5 May 1988 Evans walked out when Adele was two, leaving her 20-year-old mother to raise her single-handedly,for which Adele has still not forgiven him. She has a younger half-brother on her fathers side, Cameron Evans. She began singing at age four and asserts that she became obsessed with voices. Adele has cited the Spice Girls as a major influence in regard to her love and passion for music, stating that they made me what I am today. Adele impersonated the Spice Girls at dinner parties as a young girl. To make her look like English RB and urban contemporary singer Gabrielle, her mother made an eye patch with sequins, which Adele later said was embarrassing. See more: Examples of satire in adventures of huckfinn essay At the age of nine, Adele and her mother, a furniture-maker and adult learning activities organiser, relocated to Brighton. Despite this move, she remains an ardent fan of her hometown Premier League football club Tottenham Hotspur. Two years later, she and her mother moved back to London; first to Brixton, and then to neighbouring district West Norwood, in south London. West Norwood is the subject for Adeles first record, Hometown Glory, written when she was 16. After moving to south London, she became interested in RB artists such as Aaliyah, Destinys Child and Mary J. Blige. Adele says that one of the most defining moments in her life was when she watched Pink perform at Brixton Academy. It was the Missundaztood record, so I was about 13 or 14. I had never heard, being in the room, someone sing like that live [ ] I remember sort of feeling like I was in a wind tunnel, her voice just hitting me.

The Israeli-Palestinian Conflict Essay examples -- Threats to World Pea

The region of the Middle East frequently referred to as Palestine has long been the site of much conflict. In recent years, a major effort on the part of the International community has been employed in an attempt to bring peace to the troubled region, yet every time peace accords seem to be at hand, everything falls apart. In order to fully understand the enmity that keeps causing peace talks to break down, one must look at the roots from which the conflict stems. If the root of the issue can be clearly devised, then movements towards peace in the region will be much more succinct. Palestinian Development Under Turkish Rule Issues concerning Palestine’s development in socio-cultural and religious terms begin to become apparent to the modern world once the Turkish Empire moved into the region. The Seljuk Turks, a Muslim group, took control of Jerusalem in 1071. Their rule was characterized by struggles with the Christian crusaders of Europe. Seeking to better their own position, another group of Turks, the Fatimids (from Egypt) allied themselves with the crusaders, but were later betrayed. The betrayal led to the capture of Jerusalem and Jaffa in 1099 along with the slaughter of many Jewish and Muslim defenders at the hands of the Christian Crusaders. The Muslim leader, Saladin, attacked and gained control of Jerusalem finally evicting the Crusaders in 1291. His particular Muslim group was known as the Mamelukes, who were originally â€Å"soldier-slaves of the Arabs.† While their empire was far reaching, including Palestine, it was comprised primarily of Arab-speaking Muslims, althou gh Jews from Spain and the surrounding Mediterranean area began to settle in and around Jerusalem in the late 1300s. With the defeat... ...4). â€Å"What is the evidence that the United Nations is biased against Israel?†. http://palestinefacts.org/pf_faq_palestine_un_anti_israel_bias.php Palestine Facts. (2004). â€Å"What is the history and status of US support of Israel?†. http://palestinefacts.org/pf_ 1991to_now_israel_us_support.php â€Å"Palestine, region, Asia†. The Columbia Encyclopedia. 6th Ed. http://www.bartleby.com/65/pa/Palestin.html â€Å"Passfield White Paper†. http://palestinefacts.org/pf_mandate_whitepaper_1930.php Pipes, Daniel. (2001) â€Å"The Muslim Claim to Jerusalem†. The Middle East Quarterly.Vol 8:4. http://www.meforum.org/article/490 United Nations. â€Å"The Plan Of Partition And End Of The British Mandate†. The Question of Palestine and the United Nations†. http://www.un.org/Depts/dpi/palestine/ch2.pdf United Nations. â€Å"Question of Palestine†. http://www.un.org/Depts/dpa/ngo/history.html

Accounting Standards Essay

INTRODUCTION Accounting Standards are employed to build the application of accounting practice. The actual financial position of the company can not be presented accurately and precisely with adhering to the principles and standards. Due the evolution of time, the concept has changed to suit the needs of the industry and is also continuously to changing to needs. With rapid change and development of wealth, trade and technology, there was a need to account the business transaction due to intricacy involved. Due to the mode of writing and numbers which facilitated the accounting process. It is accountants who helped in the development of economic and commerce by providing valuable services to the community. See more: Satirical essay about drugs HISTORY AND EVOLUTION OF ACCOUNTING STANDARD: Pacioli is being considered the father of the Accounting. The first double entry book-keeping was developed around 1200 B.C   in Italy followed by first book on double entry was written by Luca Pacioli in 1494. Due to the advent of Industrial Revolution around 1750, business expanded rapidly which catapulted mass transportation, invention of new products and new markets, development of capital markets and as the result, the role of accountant become inevitable to any industry. As development of trade grows, the need for professional accountants also nurtured in a fast pace. Society of Accountants was established in 1854 in Edinburg which was accorded a royal charter which recognized the profession’s role in the trade and commerce. In U.S, the first such professional society was the American Association of Public Accountants, chartered by the state of New York in 1887. Cost accounting was developed to augment the efficiency in the manufacturing Units. Management Accounting was developed to advise the business to make strategic business decisions. During 20th Century, United States has overtaken the British and become the leading industrial power in the world. The growth of industries like U.S. steel and Standard Oil demanded more classy accounting systems to keep track record of expanding business divisions within these huge business corporations.   As insiders of the industry took advantages by stock manipulations, price fixing and other questionable business practices mainly to derive benefits thereby depriving the interest of gullible investors. All the states of the U.S.A and Puerto Rico and the District of Columbia stipulates through law that an accountant should have specific educational and experience requirements and should passes an qualifying examination and will be granted a title known as Certified Public Accountants. [CPA]. Now, CPA’s have structured in to State and national societies. In United States, American Institute of Certified is the prime body representing accounting profession, which is the contemporary successor organization of the American Association of Public Accountants and the American Accounting Association organized in 1916. In United States , the Financial Accounting Standards Boards [ FASB] , an independent non-governmental organization supported by financial-reporting industry groups , is the nodal institution accountable for establishing accounting standards and rules whereas the International Accounting Standards Boards [ IASB] formulates rules and standards that are recognized and used by many nations. With fast growth of corporate activity, the need for sophisticated accounting methods has increased and accounting has witnessed many improvements in theory and techniques. The ever changing tax laws and regulations is causing change in accounting methods frequently as it is necessary to maintain homogeneous accounts for governmental statutory requirements or public scrutiny. A series of exposures pertaining to accounting firm’s failure to detect or openly challenge irregularities or fraud as in the case of World.com and Enron, when auditing finances of a number of corporations compelled Congress to establish the Public Company Accounting Oversight Board in 2002. Securities and Exchange Commission has been allocated power to appoint the above board to register and regulate accountants and firms to act as auditors. It sets standards for auditing and is responsible for reviewing audits and disciplining accountants and accounting firms.   [1] SIGNIFICANCE OF ACCOUNTING STANDARDS: Accounting standards are significant as they guarantee improved public accountability and offer effective and efficient functioning of the trade and commerce of a nation. They play a vital role for complete understanding of political, economical and social consequences of allocation and proper utilization of government resources both at the federal and at the State levels. Improper and bad accounting may lead to serious long term consequences .Accounting standards can be misused to offer misleading information of a business. FREE MARKET APPROACH OF ACCOUNTING STANDARDS: It refers to a method applied by private sector wherein creation of an economic market in which business is ruled by the laws of supply and demand and not by the unwanted government interference, subsidy or regulation. Under this accounting standard, voluntary disclosure of activity -based cost data which offers a new approach of functional process and provides more alternatives for decision makers. In a real free market, accounting standards would enhance as corporations and accountants vie to offer the best information to shareholders. In a free market, the aspiration for profit is satisfied by long-range, honest, rational behavior thereby innovating, by employing best employees, by offering quality products and by providing accurate information to investors. Business is required to provide accurate information to investors else it would loose its reputation and credibility in the market. The current FASB is so cumbersome and complex that an ordinary lay man finds it difficult to interpret the same. Most companies in U.S.A now started to follow dual reporting. For instance, AMD and Intel release two sets of accounting reports: one as per FASB guidelines which is mandated by the regulation and other based on simple accounting standards that they deem that it being more informative to shareholders. There are certain existing statues which refuse the shareholders to overthrow existing corrupt or incompetent management. For instance, Anti-hostile takeover legislation which was passed in 1968 has made it complex to replace incompetent management .Arcane regulations passed in 1930 limit the capacity of the financial entities such as insurance companies, pension funds and mutual funds that own major shareholding in corporations to participate in the board for decision taking and for joint deliberations. Hence, the opportunity to safeguard the interest is being denied by arcane regulations. If the U.S government is really interested in the healthy stock market, it should exhibit it by deleting, not adding, regulations and building the market truly free. PRIVATE SECTOR REGULATION OF ACCOUNTING STANDARDS Stock Exchange Commission [SEC] supports on an independent, private sector standards –setting process mainly through open and deliberate. Though the commission has the statutory authority to frame accounting principles , it has not do so for the last 60 years .Instead it has assigned the onus to the private sector for leadership in establishing and enhancing the accounting standards. It is the private sector standards-setting process, as supervised by the SEC has resulted in existence of a quality accounting standards and strong capital markets in USA as of today. EVOLUTION OF REGULATORY APPROACH: After the end of the First World War in 1919, there was spurt in investment in securities by investors. Around 1920, more than .02 billion large and small shareholders availed the benefits of post-war affluence and ready to avail sudden wealth from stock market and due to boom, more than $ 50 billion worth in new stock was floated during this time. The famous stock market crash in 1929 which was notoriously known as â€Å"Black Friday† resulted in loss of faith by investors on the capital markets. Many investors were turned as pauper over a night. It was observed that if at all economy was to recover, the public’s confidence on capital market required to be refurbished. Congress was forced to find out a solution for this problem and it held many deliberations on the subject and finally passed the â€Å"Securities Act of 1933 â€Å"and the â€Å"Securities Exchange Act† of 1934. The prime goal for the establishment of Securities exchange commission was mainly to enforce the fresh security laws, to build confidence, to provide stability to the market and last but not the least to offer protection to investors. Stock Exchange Commission [SEC] was toothed with mandate to formulate accounting principles and standards. It is to be noted that even though SEC was accorded the power to supervise the accounting practice, SEC is of the opinion that the private sector is having ample resources and ability to build up suitable accounting standards. The American Institute of Certified Public Accountants [AICPA] had been in the field since 1887. As a federation of state societies, American Society of Certified Public Accountants was established in 1921 and later merged with the Institute during 1936. Due to persuasion from the SEC, the AICPA appointed the committee on accounting procedure in 1939. Committee on Accounting Procedure [CAP] released about 51 accounting research bulletin between 1939 and 1959. Though, these bulletins were able to solve the problems now and then as they emerged but could not address the issues relating to accounting principles. To resolve the accounting principles issues, AICPA established a new standard setting body in 1959 namely the â€Å"Accounting Principles Board† [APB].The main goal of the APB is to establish appropriate practices, formulate accounting principles and to minimize the discrepancies in practices. Though the APB released about 31 opinions between 1959 and 1973, it was dissolved for absence of productivity. Generally Accepted Accounting Principles [GAAP] are an anthology of conventions, procedures and rules that describe accepted accounting practices. Though it is not accorded as mandatory by any statute, SEC advises that it should be followed in all financial reporting of publicly traded companies. GAAP can thus be explained as a cluster of conventions and objectives that have been developed over time to oversee how financial statements are being prepared and presented. The three nodal authorities’ viz. the American Institute of Certified Public Accountants, The Financial Accounting Standards Boards and Exchange Commission offer regulation concerning acceptable accounting practices. The GAAP is founded on four basic assumptions as per the details below: Economic Entity concept- It stresses the business as a separate entity and to segregate income and expenses of business from that of personal. Going concern assumption which assumes that business will carry on for a longer period to validate the methods of capitalization of assets, provision for depreciation and amortization. Monetary unit assumption which fixes US dollar as the monetary unit for accounting purpose Periodicity assumption facilitates recording of business operations and separating into different periods. This is mainly to facilitate for comparison between past and present performance of the business.   FASB’s basic principles are detailed below: Historical Cost Principle- This requires business to account and report on cost of acquisition basis rather than present market value of the assets and liabilities. Financial reports and statements are prepared in accordance with set of rules , procedure and standards for reporting financial information known as the â€Å" Generally Accepted Accounting principles† (GAAP) , as established by the Financial Accounting Standard Board ( FASB). This standard stipulates that a company â€Å"account for all of their assets or economic resources according to their historical cost.† (Horngreen, Stratton & Sundem, p.6) Revenue Recognition principle or accrual basis of accounting requires business to record when the revenue is realized or earned and not when the cash is earned. Matching principle – Expenses has to be matched with the revenues where it is possible Full disclosure principle- Business should offer all the significant information relating to the company though it may not affect company’s financial statements. For instance, Tax disputes, lawsuits, takeover information and possible contingent liabilities of the business are to be disclosed by way of footnotes to the financial reporting. INHERENT DISADVANTAGES OF THE FASB Cost –benefit relation ship: It emphasizes that benefit of offering financial information should also be weighted against cost of providing it. Materiality- It refers to the significance of the item reported and it is to be weighed amount reported will have impact on third party’s decision based on the information provided. The Industry Practice Constraint – Conservative approach stresses that it is better to understate the financial statements rather than overstating it. The after effects of Enron, WorldCom, Inc have forced the Congress to enact Sarbanes Oxley Act in 2002.   The other accounting reforms announced is the creation of Public Company Accounting Oversight Board [PCAOB] to supervise the audits of the Public companies. PACOB has been entrusted with wide authority to regulate the auditing profession. PACOB has been toothed with powers like imposing civil penalty and to impose permanent revocation of an auditing firm’s ability to audit public companies. 8, SWITCHING TO PRINCIPLES BASED ACCOUNTING SYSTEM: There is strong suggestion from various quarters that U.S should abandon the current â€Å"rules-based† system in favor of a â€Å"principles-based accounting†. If that happens, the critics are of the view that all the current difficulties being faced by U.S financial reporting would be alleviated or eliminated. Further section 108 of the Sarbanes –Oxley Act of 202 stipulates that SEC to conduct a study on the adoption of a principle based accounting system. [2] CONCLUSION: Globalization offers both impetus and opportunity and it is time to streamline the FASB guidelines in tune with changing scenario.[3] It is to be noted that FASB has recently issued special report on Leases thereby implementing a new approach, is recognition of the need to review existing standards. Hence it is necessary not only to review its leases guidelines but for all current standards. The current FASB is high technical and complex in nature and may not help the investing public to understand the same without the guidance of professionals on the subject. When most of the countries around the globe have switched from complex to simpler guidelines, U.S can also follow them. In setting standards on national or global basis, technical correctness is regarded as less important than the comparability among reporting entities. Globalization in commerce here has become the order of the day and U.S accounting standards must reflect true global interests. Sticking to technically sound accounting standards would not help to develop acceptable, meaningful international standards. FASB should take avail this opportunity to update and even change the standards. The accounting profession and accounting standard setters should unite together in their effort to assure simpler, more beneficial and easy to understand U.S and worldwide accounting standard. BIBILIOGRAPHY Van Riper, R. 1994, Setting Standards for Financial Reporting: FASB and the Struggle for Control of a Critical Process. CT: Quorum Books. Westport. Hartgraves, A. L., & Benston, G. J. 2002, â€Å"The Evolving Accounting Standards for Special Purpose Entities and Consolidations†. Accounting Horizons, 16(3), 245+. Barker, Richard, 2004, â€Å"Reporting Financial Performance.† Accounting Horizons 18, no. 2 157+. Bekesford, Dennis R. 1999,†It’s Time to Simplify Accounting Standards.† Journal of Accountancy 187, no. 3: 65. Beresford, Dennis R. 2001,†Congress Looks at Accounting for Business Combinations.† Accounting Horizons 15, no. 1: 73. Derieux, Samuel A. 2000,†Let’s Reassess Accounting Standards.† Journal of Accountancy 189, no. 5: 82. Dye, Ronald A., and Shyam Sunder. 2001,†Why Not Allow FASB and IASB Standards to Compete in the U.S.?† Accounting Horizons 15, no. 3: 257. 1992,†The Financial Accounting Standards Board.† Journal of Accountancy 173, no. 6: 4. Fleming, Peter D. 1991,†The Growing Importance of International Accounting Standards; Arthur R. Wyatt, Chairman of the International Accounting Standards Committee Heralds International Harmonization.† Journal of Accountancy 172, no. 3 100+. Gornik-Tomaszewski, Sylwia, and Irene N. McCarthy. 2003,†Cooperation between FASB and IASB to Achieve Convergence of Accounting Standards.† Review of Business 24, no. 2: 52+. Hartgraves, Ai L., and George J. Benston. 2002, â€Å"The Evolving Accounting Standards for Special Purpose Entities and Consolidations.† Accounting Horizons 16, no. 3: 245+. Herrmann, Don, and Ian P.N. Hague. 2006, â€Å"Convergence: In Search of the Best CPAs Should Understand How U.S. and Foreign Accounting Standards Influence Each Other.† Journal of Accountancy 201, no. 1: 69+. Houston, Melvin, and Alan Reinstein. 2001, â€Å"International Accounting Standards and Their Implications for Accountants and U.S. Financial Statement Users.† Review of Business 22, no. 1: 75. Monson, Dennis W. 2001, â€Å"The Conceptual Framework and Accounting for Leases.† Accounting Horizons 15, no. 3: 275. Nobes, Christopher W. 2005,†Rules-Based Standards and the Lack of Principles in Accounting.† Accounting Horizons 19, no. 1: 25+. Radig, William J., and Brian Louder milk. 1998,†Leading the Way to Uniform Accounting Principles.† Review of Business 19, no. 3: 22+. Schipper, Katherine. 2003, â€Å"Principles-Based Accounting Standards.† Accounting Horizons 17, no. 1: 61+. Silliman, Benjamin Rue. 2005,†Convergence of Accounting Standards: A Comparative Analysis of the U.S. Revised Standard on Share-Based Payment and the International Accounting Standards Board’s IFRS 2.† Review of Business 26, no. 2: 24+. Wyatt, Arthur R., and Joseph F. Yospe. 1993,†Wake-Up Call to American Business: International Accounting Standards Are on the Way.† Journal of Accountancy 175, no. 7: 80+. [1] Encyclopedia Article Title: Accounting. Encyclopedia Title: The Columbia Encyclopedia, Sixth Edition. Publisher: Columbia University Press. Place of Publication: New York. Publication Year: 2004. [2] Article Title: Principles-Based Accounting Standards. Contributors: Katherine Schipper – author. Journal Title: Accounting Horizons. Volume: 17. Issue: 1. Publication Year: 2003. Page Number: 61+. [3] Article Title: Let’s Reassess Accounting Standards. Contributors: Samuel A. Derieux – author. Journal Title: Journal of Accountancy. Volume: 189. Issue: 5. Publication Year: 2000. Page Number: 82 Accounting Standards Essay Now-a-days, more and more enterprises are being managed by the professionals. The persons who provide risk capital to the enterprise do not participate in the day-to-day affairs of the enterprise and their major source of information about the enterprise is the financial reporting made by it. Apart from the providers of risk capital, there are other stakeholders also which include prospective shareholders, bankers, creditors, etc. , who use the financial reporting made by the enterprise to make their economic and financial decisions. In such a scenario, it is absolutely essential that financial reporting of an enterprise is unbiased, comparable, transparent and free from bias. This necessitates the existence of a sound financial reporting system in country which is based on the Accounting Standards. Realising the need for establishment of sound Accounting Standards in the country, the Institute of Chartered Accountants of India (ICAI), being the premier accounting body in the country, established the Accounting Standards Board (ASB) way back in 1977. Since then, the Accounting Standards Board has been working relentlessly in this direction by formulating new Accounting Standards as well as by revising the existing Accounting Standards so as to bring them in line with the best international practices. With a view to improve the quality of financial reporting in the country in real terms, it is also essential that the issues that are arising in implementation of accounting standards are addressed appropriately so that all Accounting Standards are understood and applied in the manner intended. Keeping this in view and with a view to ensure effective implementation of these standards, the Institute has also issued various interpretations, revised existing interpretations and issued announcements on accounting standards. Keeping in view the continuous changes that are taking place in Accounting Standards, Accounting Standards Interpretations and announcements on accounting standards, it is imperative on the part of the Institute to make all such pronouncements/ announcements available in one single book and revise it from time to time. The Institute has, therefore, been publishing the Compendium of Accounting Standards which contains all new/ revised Accounting Standards and other related pronouncements/ announcements, issued upto the date of publication of the Compendium and which are existing on that date. I am happy to state that continuing this practice, the Institute is publishing this Compendium of Accounting Standards – As on July 1, 2006, which incorporates all latest developments in the field of Indian Accounting Standards. I firmly believe that this edition of the Compendium will be extremely useful not only to the members of the Institute in discharging their professional duties but also to the preparers of financial statements and other users of accounting standards. New Delhi November 17, 2006 T. N. Manoharan President Preface In recent years, there has been an unprecedented increase in the awareness about the need for and importance of Accounting Standards in the country. The accounting standards which lay down sound and wholesome principles for recognition, measurement, presentation and disclosure of information in the financial statements improve substantially the quality of financial reporting by an enterprise. The accounting standards tend to standardise diverse accounting practices with a view to eliminate, to the extent possible, incomparability of information contained in the financial statements of various enterprises. The accounting standards also improve the transparency of financial statements by requiring enhanced disclosures. Realising the significance of accounting standards in improving the quality of financial reporting, the accounting standards have been granted legal recognition under the Companies Act, 1956, which require accounting standards to be followed by all companies. Apart from the Companies Act, 1956, various regulatory bodies, e. g. , the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority (IRDA) also require compliance with the accounting standards issued by the Institute by their respective constituents. This is a clear manifestation of the significance of the accounting standards and high quality of accounting standards being issued by the Institute. With so much faith being reposed by the law and various regulatory authorities in the accounting standards issued by the Institute, the responsibilities of the Institute as an accounting standard-setting body has increased tremendously. The Institute, through its Accounting Standards Board, has been trying to discharge these responsibilities by issuing new accounting standards as well by revising the existing accounting standards. Apart from ssuing new accounting standards and/or revising the existing accounting standards, the endeavour of the Institute has also been to address the issues arising in the implementation of accounting standards through issuance of new interpretations, revision of the existing interpretations and issuance of announcements on accounting standards. With the regular developments taking place in the area of acc ounting standards, there is a need to publish an updated version of the Compendium of Accounting Standards, which incorporates all the relevant developments that have taken place since the publication of the last edition of the Compendium. As compared to the last edition of the Compendium of Accounting Standards in 2005, this edition incorporates limited revisions to two accounting standards, viz. , AS 15 (revised 2005), Employee Benefits, and AS 29, Provisions, Contingent Liabilities and Contingent Assets; which were issued subsequent to the last edition. Besides this, one new Accounting Standards Interpretation, two revised Interpretations and six new Announcements on Accounting Standards have also been incorporated. The Compendium also includes a comparative statement of International Accounting Standards/ International Financial Reporting Standards and Indian Accounting Standards as on date, to apprise the users about the comparative status of Indian Accounting Standards vis-avis the International Accounting Standards/ International Financial Reporting Standards. I would like to take this opportunity to place on record my appreciation of the efforts put in by all the persons involved in the formulation of accounting standards at relevant times. Accounting Standards Essay In your opinion are accounting standards necessary and to what extent? Do you agree with the view that mandatory regulations stifle innovation ? why? Give reasons? * Accounting standards are necessary to promote high quality financial reporting. The fundamental role of accounting is to communicate economic information about businesses and other organization to various stakeholders (government, investors, shareholders, suppliers, lenders, customers and the general public). * These stakeholders use such information to take decisions and to assess the stewardship of people appointed to manage such organizations. If this information is not of a high quality standard, then the stakeholders would be unable to take effective decisions that will benefit them. For example, if a financial report is manipulated to show higher profits, investors would hold on to their shares with the belief that the company is doing well. See more: Is the Importance of being earnest a satirical play essay * Good and useful information should have the essential characteristics of understandability, comparability, relevance and reliability in order to play its role effectively. Accounting standards serve to promote the understandability , comparability, relevance and reliability of financial reports. * Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards, users of financial statements would need to learn the accounting rules of each company, and comparisons between companies would be difficult. Here are other reasons why accounting standards are important to every business. Protecting Investors By employing accounting standards, investors’ interests are ensured as the documents they review are definitely accurate and genuine. As investors, they are interested to know that their money will eventually earn and go back to them. Accounting standards increase the investors’ confidence in the business. Regulatory Compliance Government regulators set accounting standards that have to be adhered to by all companies. This is both beneficial to the investor or business owner as well as to the customers or clients because it protects them from frauds in businesses. It also promotes transparency among the business’ transactions which will eventually lead to the improved efficiency of the markets. Following accounting standards set by the FASB and the IASB will help prevent a company or business from spending on legal actions initiated by the government against it. Assessing Business Performance The use of accounting standards will enable a business to see or assess its performance. By doing so, they can also compare and contrast their business’ performance with other companies or competitors. It further helps a business see its strengths and weaknesses. By also comparing past and current performances, a business can assess the success of its strategies. Businesses will either prosper or fall. Depending on the trends and the economy of the country, an investment may grow or go down the drain. But in the end, accounting standards will make a difference. That is why all businesses have to follow and strictly adhere to accounting standards.

The Debate Over Single Sex Schools - 958 Words

The debate over single-sex schools Single-sex schools are becoming more common. According to some religion reasons, several countries such as Saudi Arabia only have single-sex schools. However, the effect and rationality of single-sex schools are an ongoing controversy, that being debated in a worldwide range. In this essay, the cases for and against single-sex education will be discussed. This essay will firstly present some positive impacts of single-sex schools, including an increase in students’ academic achievement and a decrease in classroom relationship problems related to gender. It will then discuss the reasons against single-sex schools. It will focus on two aspects, including the negligible difference in learning styles between†¦show more content†¦In addition, according to Connolly, Craig, Goldberg and Pepler (2014, pp, 186-188), study with the same gender peers can effectively reduce sexual attractions, and ensure juveniles to focus on their work. Students are more likely to have romantic relationships in coeducational schools than single-sex schools. Romantic relationship in early adolescence is a crucial distraction that have many negative impacts on students’ study. Hence, single-sex schools could benefit students by segregate male and female students. On the other hand, many opponents believe that the gender differences in learning styles are tiny or non-existent, and it is no need to divide students according to gender (Hayes, Pahlke Bigler, 2011, p. 694). Foremost, Pahlke and Hyde (2016, pp. 82) emphasize that there has a lack of adequate evidence to show any differences in academic related traits, such as hearing ability and verbal ability between boys and girls. This means that many of the distributions of academic behaviour and attitudes for males and females are highly overlapping. Moreover, in the majority areas of cognitive ability, the diversity within sex is far outweigh the diversity between sex (Sadker Silber, 2007, p. 34). Thus, boys and girls can learn in the same way, and single-sex education is needless. Another point which the opponents of single-sex schools maintain is thoseShow MoreRelatedSingle Sex Schooling And Coeducation882 Words   |  4 PagesSingle-sex schooling and coeducation have been doing through a huge debate throughout the years. Researchers wonder if single-sex education is more useful than coeducation. Single-sex schooling occurred throughout the United States history. Single-sex schooling was prevalent before the 19th century. During the 19th century, more single-sex schools were transforming into coeducational schools. In 1917 coeducation was instructed in the Soviet Union. According to Cornelius Riordan, â€Å"By the end of theRead MoreThe Issue Of Public Single Sex Education Essay1407 Words   |  6 Pagespublic single-sex education has increased in the recent years as schools are piled with more pressure to increase their grades and keep teaching method fresh. It’s an old approach to the education but its gaining momentum in public schools as it has been the method in most private schools. According to the report by National Association for Single Sex Education, over two hundred public schools across the United States offer single-sex classrooms. Most public schools are venturing into single-sex educationRead MoreThe Debate Over Homosexual Couples941 Words   |  4 PagesA homosexual couple is a pair of two individuals of the same sex involved in an intimate and loving relationship. Homosexual couples want to be treated the same way as heterosexuals by fighting for their right to get married and also their right to have children. Because of the nature of their relationship, they cannot biologically have children together so their only option is to adopt. The debate over homosexual couples being able to adopt children is very controversial and is becoming a big issueRead MoreSingle Sex Education Essay964 Words   |  4 Pages Single-sex classrooms and schools are used in education all around the world. As a student who has nev er attended a single-sex school or classroom, I have always been curious to know how beneficial it really is. The controversy over single-sex classrooms and/or schools is an ongoing battle between educators, school systems, and the community. Those who support the idea of single-sex education argue that the separation of boys and girls due to biological differences can improve academic achievementRead MoreDania Jaser. Educational Psychology 2242. Kristen Kwasny.1734 Words   |  7 Pages2242 Kristen Kwasny 3 March 2017 Are Single-sex schools better? Recently single-sex schools have made a comeback, and this has raised the question of whether they are better than coeducational schools. In single-sex educational systems, male and female students are separated and taught in different school buildings or classrooms. In a historical point of view, only boys were given the opportunity to pursue formal education in the United States. Schools for women began to spread in the beginningRead MoreSingle Sex And Co Educated Schools887 Words   |  4 PagesThe debate on utilizing single sex or co-educated schools has been around for far too long. However, this controversy will come to an end today. No one should look and depend on the bright side only, because single sex schools are not exactly what everyone expects. Do people really expect for a child’s grades to improve at an instant? Psychological problems will begin to increase if students do not interact with the opposite sex. Students will lack the advantages of the co-educational elementaryRead MoreSame-Sex Classrooms1090 Words   |  5 Pagesmiddle school students. We should make the local middle schools same-sex, in order to raise test scores and allow our students to feel free to learn any subject they want. There is a lot of evidence in which children benefit from same-sex schools in the ‘Raising Boys’ Achievement Project’ (RBA) which was a four-year project (2000-2004) which focused on issues associated with the apparent differential academic achievement of boys and girls at key stage 2 and key stage 4 in schools in EnglandRead MoreSingle Sex Schools Are Becoming More Common891 Words   |  4 PagesSingle-sex schools are becoming more common. According to some religious reasons, several countries such as Saudi Arabia only have single-sex schools. However, the effect and rationality of single-sex schools are an ongoing controversy, that are being debated around the world. In this essay, the cases for and against single-sex education will be discussed. This essay will firstly present some positive impacts of single-sex schools, including an increase in students’ academic achievement and a decreaseRead MoreGender Stereotypes732 Words   |  3 Pagesinvestigated the various brain regions and how they develop. The study was led in 2007 by neuroscientists and compared the different sequences and speeds of brain development in girls compared with boys. NIMHA used 829 brain scans which were gathered over a span of two years from 387 subjects aged 3-27 years old. The results from this investigation show that the occipital lobe, which is associated with visual processing shows development of a rapid speed in girls aged between 6-10 years. In comparisonRead MoreIs Co-Education a Good Way Out?1170 Words   |  5 Pageschoosing to send their children to single sex school. Some parents don’t want their children to be in mixed-gender classrooms because at certain ages students of the opposite sex can be a distraction and most important of all entering single sex school means the high academic achievement. Single-sex education is an old approach that is gaining its new momentum now. Contrarily, a case on the point is that, one of my friends, who graduated from a famous girls-only high school, always complains about the