The Impact of Lobbying on Standard Setting in Accounting Essay

The Impact of Lobbying on Standard Setting in Accounting - Essay Example The essay "The Impact of Lobbying on Standard Setting in Accounting" discusses and critically evaluates the impact of lobbying on standard setting in accounting. Also, in the evaluation of the impact of lobbying on standard setting in accounting, various examples have been used to support the inferences that have been made. According to Frattini, lobbying on standard setting in accounting ensures that there are assurance and legitimacy among standard setters. The process of standard setting should be characterized by the provision of financial information, which will be acceptable and useful to all parties. Therefore, if a standard setter, especially a government body formulates measurement rules that are designated to support government policies, the integrity and credibility of the standard setter would be threatened, regardless of the fiscal merits of the measurement rules. As lobbyists pressure standard setters over the credibility of standards, the standard setters will seek to formulate accounting standards in an innovative manner. Since the parties that are affected by various accounting standards are diversified and there are no adequate conditions for guaranteeing the legitimacy and credibility of a standard, lobbying on standard setting in accounting becomes necessary. This is because ensuring procedural safeguards and inclusiveness in standard setting may be difficult. Standard setters they develop the best, possible accounting standards to secure acceptance of the standards by stakeholders. The conflict that may exist between the standard setters and stakeholders may be used strategically to influence legitimacy and credibility among accounting standard setters (McKay, 2006, p, 2). Therefore, lobbying on standard setting in accounting ensures that assurance and legitimacy among standard setters is enhanced. Lobbying and Revelation of Informatio n about Future Standards Implementation Lobbying on standard setting in accounting allows all the stakeholders to participate in the process of setting standards, and measures the interest about an issue. For instance, when some stakeholders oppose a particular accounting standard, they raise their concerns by advising the government and other interested parties to influence the amendment or removal of the standard (Godfrey & Chalmers, 2007 and Holgate, 2006). This means that more information about the controversial standard has to be provided by the relevant standard setter. Therefore, lobbying on standard setting in accounting reveals information pertaining to the potential implementation problems and costs of future standards (Frattini, 2007, p, 7). Companies and other stakeholders who will be affected by the accounting standa

International finance Essay Example | Topics and Well Written Essays - 1500 words - 4

International finance - Essay Example On the other hand, appreciation of the domestic currency refers to increase in exchange rate brought about by forces of the market in the price of domestic currency in terms of a foreign currency. The need for foreign country’s currency in order to buy goods denominated in a foreign currency is reflected by demand for the foreign currency. In most cases, the selling country denominates its goods and services in terms of domestic currency hence importers from other countries will feel the need for the foreign currency in order to conduct the financial transaction. Foreign currency is supplied into the country when foreign currency is sold in order to carry out financial transactions that are denominated in home currency. It is the demand for and supply of a currency which yields an equilibrium position in the foreign exchange market. The equilibrium point being the point where there is an intersection between the upward sloping supply curve and the downward sloping demand curve (Koller, Goedhart and Wessels, 2010). A low value of foreign currency makes the demand for foreign currency on the foreign exchange market to increase whereas the demand for foreign goods increase due to its relatively cheaper price than domestic goods. On the other hand, a high value of foreign currency makes the demand for foreign currency on the foreign exchange market to decrease whereas the demand for foreign goods increase due to its relatively higher price than domestic goods (Needles, Powers and Crosson, 2010). Therefore, the question that arises is the cause of exchange rate revaluation and whether the depreciation or appreciation of an exchange rate can be predicted. This paper will rightly answer this questions by using a thorough discussion on the determination of exchange rate using the flexible price monetary model. The discussion will further explore the ability or inability of the model to explain the observed movements in foreign

Cultural studies Essay Example | Topics and Well Written Essays - 1250 words

Cultural studies - Essay Example Representation of males in the advertisements is also related to American symbols. The taste of this cigarette may be heavy. Only men could enjoy such heavy tastes. That is the reason for using male models. The connotation or idea behind the slogan come to Marlboro country has double meanings. They are the western countryside and America itself. This truly resembles American identity (Wang. 1998.). The advertisement of parliament cigarettes contains some symbolic as well as subliminal message. This type of message is transmitted through plainly visible images as well as objects. These messages aim to appeal the basic instincts of customers. Of course these advertisements have multiple meanings. One view of this ad is that the presence of a female holding a cigarette packet, depicts the importance of smoking in the lives of men is in par of woman. Cigarettes and women have some common case of attraction in the perspective of men. The other meaning could be that parliament cigarettes are not as heavy as other cigarettes. This is evident due to presence of woman in the advertisement. The main difference between the two advertisements is that, the first one depicts masculinity. It is totally male oriented advertisement. The advertisement shows hardness of the situation. However the second ad is not too hard and masculine when compared with the first one. The presence of a woman and a formally dressed gentleman clearly gives the idea that it is lighter in its context as well as attractive to all genders (Ad Analysis Parliament Cigarettes). In politics the chances of err and lie committed by people are quite high. Such behaviour is instrumentally as well as epistemically rational in nature. The practices that are followed in liberal democracy are difficult to improve so that the above mentioned problem can be overtaken. The contemporary political philosophy is an unsuccessful attempt to vindicate on moral and symbolic grounds

MANAGEMENT OF INFORMATION TECHNOLOGY Essay Example | Topics and Well Written Essays - 2000 words

MANAGEMENT OF INFORMATION TECHNOLOGY - Essay Example DMG’s goals are to upgrade healthy living by producing high quality products, to preserve the environment and to create sustainable returns for stakeholders. The model will focus on five attributes that make up the competitive environment namely supplier power, buyer power, competitive rivalry, the risk of substitution and lastly the risk of new entrants. With regard to the supplier powers, the suppliers play a minor role, if any, at raising the prices of DMG products (Oz, 2009, p.18). This is because the company owns most of the critical factors of production. For tea and Coffee production, DMG own farm estates for production of the crops, suppliers only provide packaging materials (Beynon-Davies, 2013, p. 376). A higher cost of the packaging materials would result in DMG transferring the additional cost to consumers by raising prices. The same applies for yogurt production, as the company owns dairy livestock, suppliers come in to provide flavours and packaging materials. Buyer power is detrimental to affecting the nature of prices within the market. DMG has a fairly larger number of consumers for its products. Essentially, the company cannot, under any circumstance dictate the terms of buying (Beynon-Davies, 2013, p.402). Given the fact that other brands of tea, coffee and yogurt the buyers may easily switch to other supplier of the same. Rivalry from competitors does not really lower the attractiveness of the market (Betz, 2001, p.29). Two firms in agribusiness provide competition to DMG but the major threat is one firm that enjoys a large market share because of an extensive information technology system (Proctor, 2011, p.16). DMG is taking measures to turn the tables in the industry and extend the domestic market share. Substitution seems to be a minor threat for DMG because of the coffee and tea are substitutes. In

Week 4 Forum Assignment Example | Topics and Well Written Essays - 250 words

Week 4 Forum - Assignment Example It is what Edmondson says that â€Å"American popular music is a story of fusion, after fusion after fusion.† meaning that jazz and Blues have had their participation in the American society. For example, many pop stars have borrowed heavily from the blues dimension as Elvis Presley, Little Richard and Chuck Berry among others. The years between the 1930’s and 1940’s were marked by renewed efforts by the African Americans in a push for their rights. This is because they wanted equal rights with the Whites who were the majority and were oppressing them. They were demanding for services like unbiased and fulltime employment, right to join workers’ union, financial integrity, safe and cheap housing, equitable health care and education among other needs. There were efforts over the years meant to achieve the needs which later gave rise to the Civil Rights Movement in the said period. They mainly resolved in non-violent ways of airing their grievances though at times ended in the death of some of them. Their leaders played a prominent role in bringing the people together. The inclusion of African Americans in the World War II helped better the relations between the two races. It made them realize how much they needed each other (Krieger, 15). Popular culture was changing, and notable contri bution can be seen through music like Jazz and

Comprehensive Examination for Capella Learner Essay

Comprehensive Examination for Capella Learner - Essay Example Kaya (1994) made it clear that in most developing and less developed countries the public libraries are one of the last parts of the infrastructure to be put into place. As a consequence, many developing and less developed countries have a significant gap between the information wants and needs of their mostly poor populations and the information and communications that could potentially be available to them through having more libraries with the latest ICT. The purpose of this paper will be to evaluate how information technology and telecommunications can aid librarianship in developing and less developed countries and help significantly increase the literacy of any given country's population through analyzing one technology installation as it relates to increased literacy. This paper discusses issues that are faced by librarians in developing and less developed countries. An Information and Communications Technology program is suggested to support the librarianship in developing and less developed countries to provide the means for possible improvement of their probable contributions in those countries. This paper considers two key factors as the main ideas. Number one is job satisfaction, which is an extremely important aspect in the structuring of an organization, especially one where motivation is one of its key economic drivers. Number two is libraries that are bundled with the learning environment of society in a developing country. Bearing in mind the relevant fact that in developing and less developed countries human resources is the number one service provider due to lack of technological advances, the issue of job satisfaction for the librarians in those countries becomes crucial to the implementation of positive changes in the socio-cultural context that can help those developing and less developed countries emerge as productive, empowered and proactive communities in the realm of economic and human development. . These significant issues will be discussed and analyzed in some detail. Then the discussion will be followed by the guidelines which should encapsulate the necessary information and communications regarding organizations and associations that can provide support for librarianship in developing and less developed countries aided with the help of the implementation of ICT initiatives that can really enhance the educational experience necessary for those developing and less developed countries to achieve higher degrees of collective welfare. The focus should be placed on the primary factors for funding and finding the proper technologies to support the librarianship in developing and less developed countries in such a synergic way that the learning community can surpass their present level of illiteracy/oral tra ditions, lack of knowledge and poverty through the extremely relevant value of education in all the realms of its implicit and explicit meanings. Without education, it is really impossible to achieve a minimum degree of civilization and development in any country, especially in poverty-stricken countries like the developing and less developed countries. Technology is a powerful means of empowering any

Alexander the Great from Macedonia Essay Example for Free

Alexander the Great from Macedonia Essay The cuisine of th Middle East has the same similarities as that of the Greeks for many reasons. According to history, Alexander the Great from Macedonia which is also known as Greece of todays world came to the Middle East in the 300 BC. This brought about many Greco influences into the lives of the Middle East people. Moreover, during the Roman Empire, the Greeks brought sweets and fruits to th region. As a matter of fact, there has been a continued trade of spices between the two regions that it has become a the spice center of the world. At the same time, the religion of the Middle east has a dominant role to play in their food traditions. Christianity in particular came from the Greek tradition. In Israel, the cuisine is considered to be international because of the diverse immigrants in the country. These immigrants range from countries like Greece to Turkey to Spain and to North Africa which influenced the way Israelites cook and prepare their food. At the same time, the North African cuisine such as that of Libya, Algeria, Morocco, and Tunisia share similarities with most the Arabic tradition because of the Islamic conquest that happened in the 7th century. Most of their cuisines are influenced by the Arabs and the aboriginal peoples of the the region which are called Berbers. In addition, Egypt has large influence geographically. It is situated in North Africa which carries with it an Arabic tradition and culture. North Africa has always been considered Middle Eastern and Mediterranean in nature because of its geographical location. 4. Four of the most famous food in West Africa are Yassa, Sauce Canny, Diebou Dien, and Yam. The Yassa is made out of chicken or lamb with a citrus or a lime in it as a flavoring. It could also be made with fish or vegetables. The saucy Canny is made out of onions, garlics, and shallots which is mainly used as an accompaniment to may of West Africas dishes. The Deibou Dien is composed of fresh and dried fish with onions and tomatoes. It also has as many vegetables as possible such as an eggplant, a manioc, turnips, white radish, cabbage, and carrots. In East Africa, the common foods are Niker Kebboh and Alecha. Niter Kebboh is made up of butter with spices like ginger, garlic, and cinnamon. Alecha on one hand is a stew made of chicken or beef or other kinds of meat. It is accompanied with bread. It is usually dipped into the spicy dishes and once its already soaked up the it is lifted into the mouth. 5.