FINANCIAL STATEMENT ANALTSIS Essay Example | Topics and Well Written Essays - 750 words - 1

FINANCIAL STATEMENT ANALTSIS - Essay Example Section 2 provides a comparative analysis of the impact of IFRS’ adoption on financial reporting quality and capital market). Section 3 evaluates the consequences and overall impact of adoption of the IFRS in EU and Section 4 is concluding part of the essay. Accounting quality is an important aspect of financial reporting as this information serves as a strategic source for stakeholders and influences their decisions. With the adoption of the IFRS the rules and norms of financial reporting have been changed and modified, causing different opinions among various groups of stakeholders (Lopes, Cerqueira, and Brandao, 2010). It is widely debated whether the adoption of the IFRS has improved the quality of financial reporting among the EU firms (Lopes, Cerqueira, and Brandao, 2010). Thus, for example, several researchers have analysed the impact of IFRS adoption and the change in cash flows and net income, and concluded that the companies applying IAS have more value relevance of earnings, less earnings management and more timely loss recognition between the period before and after adoption of IFRS (Barth et al 2008; Christensen, Lee & Walker, 2008). These researchers believe that reliance of the IFRS leads to higher accounting quality, how ever, only in case of the firms are incentivised to be transparent and to adopt IFRS (Lopes, Cerqueira, and Brandao, 2010). According to Christensen, Lee & Walker (2008), the firms, which were forced to adopt the IFRS, did not show improvements in accounting quality. Some researchers have identified some potential problems associated with the IFRS adoption and financial reporting quality. One of the concerns related to IFRS adoption and its impact on the accounting quality is associated with risk of different interpretations of IFRS (Lopes, Cerqueira, and Brandao, 2010). Researchers determined some of the following areas for possible variations in interpretation: intangible

Colonialism Changed the Role of the Victorian Male Essay -- British Hi

Colonialism Changed the Role of the Victorian Male One of the most famous slogans of the age of global colonization was: "The sun never sets on the British Empire." As recently as 1940, world maps showed large areas colored pink, representing regions dominated by the British. Much of Africa was pink, along with India, Malaya, Hong Kong, and other scattered territories in Asia and the Americas. The existence of an empire on which the sun never set helped instill in the individual British citizen tremendous pride, and the need to become personally a devoted imperialist. For more than 100 years, the fact that Britain was an empire had changed the British man’s life, and had instilled in him the fact that he was superior to most other peoples especially those of other colors and backgrounds. This was also the period when it was felt that it was the "white man’s burden" to take care of all those countries whose inhabitants were less worthy than the white Anglo-Saxon. This way of thinking was called Social Darwinism. This was an age when even though England, in some respects, tried to act "fatherly" towards some of the countries it had seized, it still felt a strong amount of racism towards the people of those countries. In 1849, General Wolsely wrote from the Gold Coast, "The Africans are like monkeys. They are a good-for-nothing race." In 1849 Thomas Carlyle pronounced Europeans wiser than Africans and said inferior races must obey the superior. It was an idea that by 1900 most English men and women held, one that fit the paternalism of the governing classes and the prejudice of the lower classes. The Empire had created a nation of imperialists. The commercial spirit has always existed in human society. What was peculi... ...ed better sanitation, light, water, and power. More jobs opened up in the pursuit of these needs. As the century ended, national loyalty reached fever pitch in Britain as it did in France and Germany, and its favorite mode of expression was imperialism. It touched all classes, every religious faith, all political parties. This aggressive stance was motivated by many things; racism, greed, and the belief that it was up to the white man to rule the world. My essay has tried to prove that the colonization process within Great Britain, during the Victorian age (1815-1914), greatly changed the roles of men, as well as everyone else within that country’s walls. By changing the way people were educated, how they lived, what their dreams and aspirations were, government policy, and job openings in Britain and abroad, all helped to change the role of the Victorian male.

Building construction for fire services

Steel is one of the important elements of construction industry because it is widely used in the construction of railways, roads and buildings. Steel provide numbers of advantage in the construction industry due to its special characteristics such as it is more stronger in respect to the wood, more eco-friendlily (because it is easily recyclable), not deteriorate, rot, warp, bed or twist, resistant to fire, hurricanes, tsunami and earthquakes, resistant to termites and insects, requires low weight interior walls and easily used in difficult building locations.As like other materials it has also some limitations such as it is, more expensive than wood and it requires skilled professional contractors for construction. Steel play a important role in fire fighting industry and also makes the job of fire fighter easier. Firefighter is trained person who save life, property, aid and assist during natural disaster. They used several equipments in their work for eg. Ladder trucks, pamper tru cks, fire house ad fire extinguishers which are all constructed of steel due to its light weight in handling and stronger than other metal, more durability.The well-coated steel pipes helps in continues flow of water and there by immediate control on fire. As steel provides number of advantages to fire fighters but it also creates hurdles in performing their task because it frequently react to environment and forms rust which result immediate linkage pipe and damage of pipe. Steel is very easily prone to fire because of its high melting point therefore; it is always advisable to use such material, which is in flammable to prevent smoke and damage or to limit the fire to small areas.Therefore, from above discussion, we can conclude that steel play a crucial role in the development of fire industry but it is affected by certain limitations. Therefore, it is advisable to use steel by acting appropriately then only it is most successful. The fire fighters should take appropriate steps t o successfully rescue their operation Reference: Referred to sites: 1. http://www. smart-homeowner. com/articles/9651/pros and cons of steel framing. 2. http://en. wikipedia. org/wiki/Firefighter/Fire fighter dated 1st July 2007

Diminished Self-concept and Value After Bullying Essay

Child development, bullying The weak, bully others†¦. If people throw stones at you take them up and build something According to well known psychologist Erik Erikson every child passes through various stages of development at the respective ages in their life for example infancy, early childhood, preschool, school age, adolescence his is constant for the fast majority; with few exceptions. These stages have adverse effects on these children; development itself is a hurdle that every child has to overcome as they mature into teens and young adults however this is predominantly not the only obstacles that they have to overcome. Bullying. Bullying may be defined as the activity of aggressive behavior intended to threaten, intimidate,†¦show more content†¦Secondly popular aggressive bullies they often have a lot of followers and bully because of popularity and controlling everyone. Thirdly the relational bullies they are often very popular as well and decide who fit in and who is an outcast, they often start rumors and gossip. F ourthly serial bullies are those who seem normal to authority; because they are very calculated in their action so they never get catch in action, they often inflict a lot of emotional damage. Fifthly group bullies bully in groups only and act differently when they are alone. Sixthly are the indifferent bullies they lack empathy a bully others for the share fun of it and lastly there are the Cyber bullies who often bully others under the vial of the internet often social media networks (Gordon 2014). Bullying often has adverse effects â€Å"predominantly negative† on the person that are/or have been bullied. These effects include diminishing self concept and self value. Theoretically there are mixtures of selves. The self you think you are, the self others think you are, the self you want to be, the self others want you to be and the self you really are. All these selves are affected once you are bullied. How is this important? Whatever the mine believe is more likely to b e preserved. If you are constantly bullied and pushed towards thinking of your worthless or don’t fit in; the odds of you achieving your full potential will beShow MoreRelatedNegative Effects Of Social Media1743 Words   |  7 Pagesmedia can cause low self esteem, psychological, physical and emotional anxiety, in addition to depression and even suicide. Cyberbullying can cause a severely incapacitated self esteem. It forces those to compare their lives with others on whether they are as fascinating, exciting, friend-filled or if their grass is greener. 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