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Wednesday, September 2, 2020
Choosing Freedom Over Limitation Essay
Each and regular, what I can watch from the news reports these days are about wrongdoing, wrongdoing and all wrongdoing. Our general public is now loaded up with human beingââ¬â¢s dull sides and that is what is ceaselessly being released. What I needed to state is that we have to have compelling approaches to assist our reality with leaving its terrible ways. The job of the legislature in the general public is to uphold what is correct and limit an inappropriate doings. Be that as it may, as what I can watch, the more as far as possible its kin, the more the individuals do horrible things. A case of that I have perused that shows this model is the Martial Law cut down onto the Philippines in the mid 1970s. Truly, toward the start, the individuals follows the administration on account of the constrained constraint however after years had passed, individuals revolted in light of the fact that they can't take any more drawn out what the legislature is never helping to individuals. It isn't generally that constrained constraint gets compelling to administering individuals everytime. There will be a point in time, when somebody restrains someone else and doesnââ¬â¢t give him his opportunity it will show its irritation about that since what was detracted from him is his opportunity. We should let the individuals do what they needed to do. Be that as it may, we can let them as long as they donââ¬â¢t do whatever will conflict with the guidelines. It resembles when you are holding a bunch of sand. At the point when you simply hold it with your palm up, nothing occurs. In any case, when you crush your palms against the sand, the sand severs your hand, brutally, as itââ¬â¢s attempting to escape. And furthermore exactly what Saint Augustine has stated, fiendish just exists on something great. There isn't generally a restricting power to everything great done of each individuals. So we should leave the obligation of regarding the individuals and confinement may do simply less. Despite the fact that we realize that there is a major and awful chance that we pick opportunity as opposed to confinement for individuals, that individuals will simply manhandle it, it is as yet the peopleââ¬â¢s duty of what they are doing. At the point when they do awful things, at that point, rebuff them. It doesnââ¬â¢t imply that when there is opportunity, itââ¬â¢s just opportunity administering over the individuals. Obviously there must be somebody or some gathering that investigates peopleââ¬â¢s wellbeing since what will be the utilization of opportunity if all the individuals are simply executing one another or taking things? Obviously it is likewise up to the individuals what they needed and what they imagine that is better for them. Opportunity or confinement? That is the reason there various types of government all over various nations on the planet. A few nations lean toward a majority rule type of government since they needed ability to speak freely. Others needed socialism since they feel more secure through the governmentââ¬â¢s assurance. What's more, there are numerous different types of government that individuals together take as a decision. The legislature has the full obligation of its own peoplesââ¬â¢ purpose. It must give them enough assurance that can guarantee that the individuals won't be hurt and maybe won't hurt. That is the reason, law authorization was created. It is as a rule ceaselessly improved to look out everything with respect to the societyââ¬â¢s harmony and request. And furthermore, this gives an imperceptible shield that likewise ensures without removing opportunity. A useful asset that mankind made that oversees civic establishments. The inquiry that I have addressed is that whether I think opportunity is superior to constrained impediment. For me, the inquiry ought not be constrained in the decision among opportunity and confinement. Truly, we can pick opportunity, and furthermore, we can pick impediment. Be that as it may, we should recall that whenever the two can exist together simultaneously, just with the perfect measure of the two things.
Saturday, August 22, 2020
Ethics Essay Example | Topics and Well Written Essays - 500 words - 26
Morals - Essay Example This is genuine in light of the fact that individuals will in general gain from perception during youth; from circumstances during pre-adulthood; and from encounters during adulthood and later piece of their lives. Every one of these perspectives contribute fundamentally towards building oneââ¬â¢s character, which shapes oneââ¬â¢s ideals and moralities. It might be contended that ideals of an individual can't be steady all through his/her life. The way circumstances, perception and experience lead to obtaining of specific ideals; once in a while, ethics so gained can change and make the individual narrow minded, covetous, and shaky. This point of view is gotten from Hutchesonââ¬â¢s non-pragmatist view or belief system that imagines righteousness as a definitive end for individuals seen to be temperate; in any case, this excellence or extreme end itself is something that prudent individual looks for his/her own purpose (Gill, 158). As it were, the prudent deed might be viewed as a way to fulfill the temperate personââ¬â¢s want to seek after his/her own definitive end, for example, vanity, others generosity, gratefulness and so on. Such human instinct is additionally a consequence of oneââ¬â¢s encounters with life, the requirement for consideration, love, love and so on. It is extremely hard to affirm that temperate individuals won't have any indecencies; in any case, the aims of highminded individuals develop during explicit circumstances. Ethical individuals think and act in a way that at last outcomes in great. Ideals can be instilled in peopleââ¬â¢s character during youth and puberty. This can be accomplished by building character that acclimatizes goodness, consideration, trustworthiness, and uprightness. A couple of practices to assemble ethics and character incorporate fulfilling and acknowledging kids for good work, great conduct, genuineness and truth, and showing others how its done. These lessons ought to preferably start at home, by guardians, kin, other relatives and companions. Comparative ethics instructed at school will fortify their character and show a course towards right living. As kids develop,
Friday, August 21, 2020
Marketing and Customers Essay Example for Free
Advertising and Customers Essay At this moment, HubSpot is serving various clients with various necessities. This causes their building and deals staff to be extended meager. They are falling behind on item discharges and their business staff is changing over just 4% (show 10) of the potential market into clients. To expand effectiveness, HubSpot should limit their objective market. In the event that they focus on the most productive portion of clients, at that point they can secure a greater amount of those beneficial clients and increment generally benefit. The appended show separates the LTV esteem for various client fragments dependent on their beat and income age. Over all the portions, little B2B organizations have most reduced beat pace of 1. 4% and thus most elevated LTV of $17357. As appeared in display, all out number of potential clients in little B2B business 12126. This would permit Hubspot to grow multiple times their present size. Subsequently, HubSpot should focus on this section as their need. They could even change over in excess of 12126 clients out of all out market if their business group is completely focused at this section. The following most beneficial objective section, as clear for connected display, is Marketer Marys. Inside Marketer Marys, Hubspot should target B2B clients. This is on the grounds that, B2B have lower agitate rates contrasted with B2C clients. Likewise, Hubspot is as of now equipped towards serving B2B clients. Organization (HubSpot) The center competency for organization is their way of thinking of inbound promoting. They construct and market their product utilizing this way of thinking. So they ought not tinker with this way of thinking and should adhere to inbound promoting. Another point to note from the show 10 is that the greatest client stir occurs somewhere in the range of twelfth and eighteenth month. To address this wonder, they could offer limits to clients after twelfth month. Additionally, the clients who have changed to CMS have lower beat rate contrasted with clients who have not exchanged. So as to expand client maintenance, they could think about contribution free CMS to all clients and perhaps limits to clients who receive CMS. They would in any case be beneficial after limits as they appear to ave low negligible expenses. Contender HubSpot additionally have relative points of interest over their closest client Eloqua. HubSpot offers programming as-an administration contrasted with the enormous forthright expense of Eloqua. This prompts low exchanging cost for client and henceforth simpler infiltration for HubSpot. They additionally have usability over Eloqua. Be that as it may, they do need to update their product for progressively advanced clients. This would be increasingly required when they begin following Marketer Marys B2B business.
Tuesday, June 2, 2020
Harmful Foods Essay - 1650 Words
Harmful Foods (Essay Sample) Content: 10 FOODS THAT ARE HARMFUL TO YOUR HEALTHAs we eat foods we love I pray that it may enjoy good health and go well with you if not lets see how some foods we dearly love can be harmful to our health. Knowledge is power and let that power be a change to our eating habits, not only impact on our health but also know other foods are harmful.Ice-cream the chemicals which make ice-cream are stabilizers emulsifiers, surfactants, artificial flavors, preservatives, buffers and synthetic colors. Ice-cream is addictives and is harmful and some of them even cause cancer. Other addictions are sugar, saturated fat of milk which also further adds to the harmful effects. Most children are comforted with ice-cream, be aware of what it does to your child and to yourself.Cakes, these are harmful because of white sugar, saturated fat and high cholesterol because of a lot of eggs. Others are jams and jellies, biscuits (cookies) because of white flour, saturated excess fat, deep flying. The margarine or butter used in making the cakes may raise your blood cholesterol levels. Cakes have a very high content of carbohydrates and fats and this make you put weight. Rapid weight increase may lead to obesity and dangers associated with obesity are very dangerous to your health. Also the sugars in cake may increase your glucose level and these in the long run may lead you to become diabetic. Cakes with chocolates and nuts have high serotonin content and so may make you feel excited and happy. This can have a psychological impact of cakes is undesirable since serotonin is stimulated by an external source. Other cakes dyes are used for coloring purposes, this may cause digestion related problems and to some people they even be allergic. Soft drinks: soft drinks are charged with carbon dioxide, sugar, citric acid (preservatives) coloring agent, flavoring agent, caffeine and baking soda (sodium bicarbonate). All these substances are harmful to your health. Soda contains phosphor ic acid, which interfere with the bodys ability to absorb calcium and cavities and bone softening. Phosphoric acid also interferes with stomach acid, slow digestion and blocking nutrient absorption. A single soda contains sugar, this amount of sugar especially in liquid form, increases the blood sugar and causes insulin reaction in the body. Over time gradually can lead to diabetics or insulin resistance, also weight gain and the dangers associated with weight gain. Diet sodas also increase the risk of metabolic syndrome, which causes belly fat, high blood sugar and sometimes raised cholesterol. Because of the high sugar, sodium and caffeine in the sodas it dehydrates the body and over a long period of time can cause chronic dehydration. Drinking sodas regularly causes plaque to build up on the teeth and can lead to cavities and gum disease. Therefore there is no nutritional value in taking sodas whatsoever. Not only are there many harmful effects of soft drinks but they are unnatur al substances that harms the body.Refined cereals: these are most devoid of vitamins, minerals and fibers. They get lost when the outer husks are removed during refining process. Such cereals are white flour or refined flour or grade one flour, white rice or polished rice. The outer husks major source of vitamins, minerals and fibers are extracted during refining process these are harmful due to lack of essential vitamins, minerals and fibers.Fried foods; these foods includes chips, omelets, cutlets chicken meat, steak mutton among others. They cause harm in our body demands, chemical changes in oil and oil formation of harmful chemicals leads to undesirable alteration in chemical composition of oils. The chemical changes are more when the oils are exposed to intense heat during deep frying, formation of trans-fatty acid, loss of nutrients and difficult to digest and delayed stomach empting Acidic foods: our body is basically alkaline in nature. To maintain alkalinity we need at lea st 75% foods and 25% acid forming foods. Generally the acids produced by the metabolic activities react with alkalis in the blood thus neutralized. But if the diet is flooded with acid genes foods, the body cannot cope with all the resulting acids and the symptoms of fatigue, headaches, insomnia, nervous tension, hyperacidity begin to appear. Chronic acidity is unhealthy condition and causes faster degeneration and ageing of the body. All the toxic substances in the body are in the form of acids in the body and we must take foods which are alkaline in nature. Alkaline foods include fruits and vegetables, seeds such as sunflower, peas and grains.Table salt: table salt is an inorganic material and a strong ionic bonded material resists being separated into sodium and chloride ions that are usable by the body. The function of salt in the body is maintenance of red blood cells and helps proteins to dissolve. Our bodies without red blood cells are very harmful. Salt should be taken in me asurement for instance, maximum of 5grams for an adult without family history of blood pressure, intake of 2grams per day.Excess intake of salt stimulates sympathetic nervous system and adrenal glands and creates stress arousal, causes high blood pressure weakening of bones. This is because it robs calcium, affects kidneys, puts a heavy burden on kidneys and hence they may gradually weaken, increase weight, edema, hardening of arteries, increase of uric acid and bronchial and lung problems. However salts in fruits and vegetables is organic in nature and can easily be utilized in the body. Such foods are as follows onion, pumpkins, potato, lemon, lentil (whole) drinking water, Bengal gram, cashew nuts carrots, spinach, guava, apples, peas, egg, and milk among many.Coffee and tea: coffee and tea are caffeinated drinks and once you are addicted to them you become a slave to them. If you miss its regular consumption for some reason one will experience a headache about 18 hours after hi s last cup. The pain is likely to become more intense and may persist for a day or days. One may experience dizziness when he/she stands up because of lack of blood flow to the brain, morning fatigue and tiredness, anxiety, anger, depression and diminished concentration and mental fogginess. The intake o of caffeine during meals interferes with iron absorption, drains energy, increases urine output, and causes calcium loss through excretion of fecal and urinary resulting in calcium deficiency and minerals. This loss may be greatest when caffeine is taken with sugar. It raises cholesterol, hinders assimilation of food in the intestines, robs your body vitamins Bs, has effect on your heart, causes sleep disturbances, have effects on kidney and liver. This is because the kidneys and liver have to overwork in the body of caffeine victim, and these may suffer after sometime. People with kidney and liver disorders are advised to refrain from coffee and tea. Caffeine also aggravat...
Saturday, May 16, 2020
My Experience At My First Volleyball Practice - 1243 Words
It was the start of a new day, the sun was shining, and autumn had decided take over for the summer. I had just started a new sport, and my first practice was today. My gaze was fixed on the window watching the cars drive by, and then my dad popped the question. The decision that I made about this question has shaped and changed my life forever. I had woken up in feeling very gusto that day all because my first volleyball practice was supposed to start today. It was a nice cool fall morning with red, orange, and golden leaves scattered all over the ground, in the trees, and filling the air. I walked outside and felt the cool, crisp air expand around my body. My breath was thin and clear as I released each breath. Stepping into the car, myâ⬠¦show more contentâ⬠¦When I rose from my deep slumber, we were halfway home and my dad was talking with my mom on the phone, so I decided that it would be amusing if I pretended that I was asleep and listened to their conversation. I deliberately realized that their conversation was about me. I gradually started to wonder what they could possibly be talking about that was so important, so I was still and listened as closely as possible. Then I heard it the only word that I didnââ¬â¢t want to hear. Sports. I started to become anxious and fearful as I started to wonder what they w anted to do with sports, and why they were talking specifically about me. My sister did plenty of sports too. My dad hung up the phone and I finally decided that it was time to open up my eyes. When I did open them up my dad glanced over at me and said, ââ¬Å"Anna we need to talk.â⬠I knew that at that moment something wrong and terrible was about to happen. All I said was, ââ¬Å"Okayâ⬠, and I braced myself for what was about to happen. He fixed his eyes on the road again, and then looked back at me with a sorrowful look on his face that made his face look contorted, this is how I knew that I wasnââ¬â¢t going to like what he was going to say at all. He opened his mouth once, but nothing came out. He opened it the same way again, only this time the words came spilling out of his mouth. ââ¬Å"Iââ¬â¢m sorry to say this, but mom and I talked and we decided that it would be best if you only did two sports, so you are going to have toShow MoreRelatedMy Experience At My First Volleyball Practice1157 Words à |à 5 PagesThe Choice My day was going great, the sun was shining, I just started a new sport, and my first practice was today. I was staring out the window watching the cars drive by, and then my dad popped the question. The decision that I made about this question has shaped and changed my life forever. I had woken up in feeling very gusto that day. I was excited because I my first volleyball practice was supposed to start that day. It was a nice cool fall morning with red, orange, and golden leaves all overRead MorePersuasive Essay On Racism1018 Words à |à 5 Pagesare true for every race and not getting to know people before judging them. My friends always turn to these jokes when they want to make fun of me but, I never take it personal because I know they didnââ¬â¢t really mean it. Plus, I would make fun of their stereotypes. Then there s the other side where when I walk in public, people just stare at me and I get annoyed. They assume I m terrorist just because of the color of my skin. I don t take it personal though since I won t let others bring me downRead MorePersuasive Essay About Volleyball1064 Words à |à 5 Pagesput their time and effort towards what they feel passionate about. Has someone ever wanted to develop an ability that you practice it for hours a day? I did, I have spent around 100 hours a year trying to perfect my loving skill, volleyball. It was a hardworking skill, but enjoyable as well. It is my way of life. The most important years of my life was my volleyball experience in High School. There is a lot of sports out here today. Most of them use a lot of equipment, and others requireRead MoreVolleyball Is A Sport Of Sacrifice And Serving1052 Words à |à 5 PagesVolleyball is a sport of sacrifice and serving. The sport requires each team to keep the ball in the air and the team who lets it hit the floor loses. Every day I come in the gym I sacrifice my body and time for my team. I without hesitation throw myself on the floor to save a ball from hitting the floor. My team mates trust in me and I trust in them. This is why I love the sport of volleyball. At eight years old, I first discovered the sport of volleyball and instantly knew I wanted to be a professionalRead MoreWhat My Hard Work Has Shown Me1096 Words à |à 5 PagesWhat My Hard Work Has Shown Me The beat of my heart thumps harder by the second as my high school volleyball coach announces at the 2016 end of the year banquet, that their is one Honorable Mention and one All-Conference award within the Wright County. After playing volleyball for eight years as a setter, assisting 1,134 kills (with my two and a half years on varsity), and receiving Heart-Beat of the Team Award, mentally and physically I knew there might be a chance I had a shot at getting oneRead MoreMy Experience At High School862 Words à |à 4 PagesMy mom and I were driving home from my club volleyball practice when I broke down in tears due to stress. High school class registration was coming up and I still had no idea whether or not I wanted to do band or volleyball in high school. Being a 14 year old in 8th grade, I never thought that I would have to make such a colossal decision that would affect my life forever. I only had 2 more days to decide how I would present myself in the new world of high school popularity, and I had no idea whetherRead MoreFinal Reflection : Planning Commentary Essay1076 Words à |à 5 PagesCommentary My college students were between the ages of 20 and 25. The class had prior knowledge of what occurs in a Health Physical Education classroom and some had even played a sport before. Moreover, my students had a high maturity level and knew to wear appropriate athletic wear. The prerequisites for this class was balance, coordination, leg strength, physical abilities, and developmental readiness. They were learning to play a variety of sports such as pickle ball, soccer, volleyball, and shotRead MoreThe Ethics Of Discourse Communities959 Words à |à 4 Pagesbroad definition, to me discourse communities can be more simplified. My definition: sharing the same experiences, individual passion, and journey as your destined group. Even though high school is bygone, the Langston Hughes Volleyball Team is still considered my discourse community. Not to be biased but we are the best. Performing rigorous activities such as sports requirements, voting for captains, and being in the volleyball section of the yearbook considers me as one with the team. Every sportsRead MorePersonal Narrative : My Own Uphill Climb892 Words à |à 4 PagesMy Own Uphill Climb As a young child, I grew up comforted by constant encouragement that, ââ¬Å"Someday you are going to do great things,â⬠although it wasnââ¬â¢t until now, my senior year of high school, that I have finally uncovered my own sense of being. This upcoming July, I will be attending the Austin School of Spa Technology to study Cosmetology as well as Makeup Artistry. In addition, I will be attending Fulton Montgomery Community College in September to begin the study of Chemistry. I plan toRead MoreEssay on Benefits of Working in a Group Activity1204 Words à |à 5 Pagesbe counting on you to fulfill your duties as a member of the teamâ⬠says Mario Delgado, Captain of the American High School Swim Team and President of the Marching Band. This will enhance your level of responsibility greatly. If you decide to skip practice the day before a game or competition, you can cause your team a victory. You have to be responsible enough to manage your time wisely so that you can do everything that youââ¬â¢re supposed to do. This helps you become a successful person later in life
Wednesday, May 6, 2020
HRM 531 Week 2 Knowledge Check Essay - 1628 Words
Top of Form 1. At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions. A. competency-based pay system B. employee stock ownership plan C. organizational reward system D. merit-pay method Bottom of Form Correct :Organizational reward systems include both financial and nonfinancial rewards for employee contributions. Materials Components and Objectives of Organizational Reward Systems Top of Form 2. ___________ bridge the gap between organizational objectives and individual expectations and aspirations. A. Financial systems B. Corporate compensation systems C. Employment practicesâ⬠¦show more contentâ⬠¦Narrowing pay ratios between jobs or pay grades in a firmââ¬â¢s pay structure is A. pay secrecy B. pay compression C. pay security D. pay inequality Bottom of Form Correct :Pay compression is related to and affected by inflation. It is the narrowing of the ratios of pay between jobs or pay grades in a firms pay structure. Materials Policy Issues in Pay Planning And Administration Concept: Organization-wide Incentives Mastery 100% Questions 10 11 12 Materials on the concept: Organizationwide Incentives Team Incentives Top of Form 10. Gain sharing plans consist of all EXCEPT which of the following elements: A. An internal equity B. A philosophy of cooperation C. A financial bonus D. An involvement system Bottom of Form Correct :The philosophy of cooperation in an organization is shown by high levels of trust, two-way communication, participation, and harmonious industrial relations. The involvement system is the structure and process for improving organizational productivity using employee-staffed committees. Materials Organizationwide Incentives Top of Form 11. Which of the following is NOT another name for gain sharing? A. The Scanlon plan B. The Rucker plan C. Control-based compensation D. ImproshareBottom of Form Correct :The Scanlon, Rucker, and Improshare plans combine leadership, workforce education, and employee participation with a reward system linked to group or organization performance.Show MoreRelatedStr 581 Essay1954 Words à |à 8 Pagesâ⬠¢ Review the Week One Study Guide. â⬠¢ Review the Capstone Examination Study Materials. Jul, 09 - Jul, 15 Objectives Mission, Vision, and Values 1.1 1.2 1.3 Identify major components of a strategic management process. Evaluate the organizations motivation strategy, innovation strategy, and people strategy. Explain the role of ethics and corporate responsibility in strategic planning. Required Learning Activities â⬠¢ Strategic Management, Ch. 1 â⬠¢ Strategic Management, Ch. 2 â⬠¢ Strategic ManagementRead MoreTraining Plan2276 Words à |à 10 PagesHRM/531 Human Capital Management Learning Team A Reflection/Training Plan Week 5 One of the best practices for a business is to have a solid need assessment, training method and training evaluation practice in place. In this paper we will go over the following: * Needs assessment * Environmental analysis * Organizational analysis * Demographical analysis * Operational analysis * Individual analysis * Training methods * Types of media *Read MoreStrategic Human Resource Management View.Pdf Uploaded Successfully133347 Words à |à 534 PagesPublishing. Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Please visit our web site at www.pearsoncustom.com ISBN 0ââ¬â536ââ¬â72690ââ¬â6 BA 996748 PEARSON CUSTOM PUBLISHING 75 Arlington Street, Suite 300 Boston, MA 02116 A Pearson Education Company iii iv Table of Contents SECTION ONE ................................................................. 1 An Investment Perspective and Human Resources .... 2 HUMAN RESOURCE INVESTMENT CONSIDERATIONS ...6 INVESTMENTS IN TRAINING ANDRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words à |à 1573 PagesStephen P. Robbins, Timothy A. Judge. ââ¬â 15th ed. p. cm. Includes indexes. ISBN-13: 978-0-13-283487-2 ISBN-10: 0-13-283487-1 1. Organizational behavior. I. Judge, Tim. II. Title. HD58.7.R62 2012 658.3ââ¬âdc23 2011038674 10 9 8 7 6 5 4 3 2 1 ISBN 10: 0-13-283487-1 ISBN 13: 978-0-13-283487-2 Brief Contents Preface xxii 1 2 Introduction 1 What Is Organizational Behavior? 3 The Individual 2 3 4 5 6 7 8 Diversity in Organizations 39 Attitudes and Job Satisfaction 69 Emotions and Moods 97Read MoreDeveloping Management Skills404131 Words à |à 1617 Pagescm. Includes bibliographical references and index. ISBN 978-0-13-612100-8 1. Managementââ¬â-Study and teaching. 2. Managementââ¬âProblems, exercises, etc. Kim S. II. Title. HD30.4.W46 2011 658.40071 173ââ¬âdc22 I. Cameron, 2009040522 10 9 8 7 6 5 4 3 2 ISBN 10: 0-13-612100-4 ISBN 13: 978-0-13-612100-8 B R I E F TA B L E O F C O N T E N T S Preface xvii Introduction 1 PART I 1 2 3 PERSONAL SKILLS 44 Developing Self-Awareness 45 Managing Personal Stress 105 Solving Problems AnalyticallyRead MoreOrganisational Theory230255 Words à |à 922 Pages. Organization Theory Challenges and Perspectives John McAuley, Joanne Duberley and Phil Johnson . This book is, to my knowledge, the most comprehensive and reliable guide to organisational theory currently available. What is needed is a text that will give a good idea of the breadth and complexity of this important subject, and this is precisely what McAuley, Duberley and Johnson have provided. They have done some sterling service in bringing together the very diverse strands of work
Tuesday, May 5, 2020
Critical Evaluation of Harmonization Samples â⬠MyAssignmenthelp.com
Question: Discuss about the Critical Evaluation of Harmonization. Answer: Introduction Harmonization of financial reporting standards has become quite popular in the recent years because of its reliable and dependable nature. Harmonization fixes the limits of variation that occurs during the time of accounting. In recent time the process has been widely accepted by various companies because it has helped in increasing the compatibility of accounting practices that has been followed by the firms around the globe. Harmonization is famous in international accounting standard and has provided standardization in accounting and is thus accepted by various firms. In other words harmonization can be understood as just more than uniformity as it has reduced the alternative ways that has been used while accounting. It is a blend of all the accounting practices and thus provides a combination way to carry on the process (Beke, 2013). One of the popular methods that have been adopted by firms is IFRS, which is quite famous and is a process to achieve harmonization in accounting. Due to the rapidly changing scenario and increasing globalization, the issue of adopting a universally accepted way of accounting has become the need of the day. In such a time, IFRS fulfills the requirements of the organizations (Efobi and Uchenna, 2016). The report critically analyses the success of harmonization and also discuss its other aspects as well. Apart from this, the country which has adopted the IFRS method to bring harmonization in accounting is also analyzed. Critical Evaluation of Harmonization and Its Success The dynamic environment and globalization has become the major push behind the adoption of a universally accepted accounting method. In todays scenario, when cross border transaction has increased dramatically, the introduction of a homogenous and single way of accounting has become the need of the hour. Earlier also various methods has been accepted for the standard accounting, but due to the dynamically changing environment, the requirements kept on changing. The need for harmonization has arisen so as to provide a compatible way of accounting because it was becoming extremely difficult for companies to maintain their accounts who were indulged in cross border transactions. In the wake of adopting a universally recognized method, IFRS has been introduced in the accounting methods. The biggest ever change came when European Union approved this method to be accepted as standard way of accounting. It was for the very first time that a method has been made a standard to be followed in international accounting (Mirza, Holt and Knorr, 2011). IFRS was trusted to bring out high quality and homogenous data to the financial markets so that accounting can become comfortable without the problem of differences that has occurred earlier. Due to this specialty the numbers of companies that has adopted IFRS as a universally accepted method was increased dramatically. A furious increment in the number of companies has been recorded during that time. IFRS has made it quite simple for the organization to carry on accounting because it provides consolidated data of the financial market which also helps the organization in planning out their future financial strategies. In addition to this it also provides list of the companies that has been listed in the stock exchange. The consolidated accounts of private as well as publicly traded companies were also provided by IFRS (Alkafaji et al., 2010). IFRS has been implemented for various concerns; the most important issue behind its implementation was the lack of a standard method that can be used widely by different organizations. In addition to this, it provides data which can be easily used by investors. The listing of public and private companies, their share prices and the market trends, all were provided in a consolidated way which enables the investor to plan its future strategies. IFRS was not a different method that has been adopted by firms rather it was the modified version of certain standard accounting methods that were prevalent in the earlier times. One of the very famous methods that was widely accepted and followed by different firms around the globe was GAAP. The method become obsolete as the business world was changing rapidly. The adoption of IFRS shows that it is not a certainly innovative method of accounting, the rate at which it was adopted by various firms confirms that it has more or similar to GAAP or r ather an enhanced version of the same. All of its data dealing with different subjects is available at once so it is quite easy for firms to calculate and forecast the market trends (Nurunnabi, 2016). IFRS has proved to be a milestone in achieving the harmonization in accounting standards. It is able to provide group and individual data of companies that been listed in the stock exchange. Due to the increased integration of financial markets, it has become quite important for firms to accept a common and homogenous method in accounting to avoid extra costs. In this way, IFRS has provided the ray of hope for organization that is engaged in oversees trade. IFRS is a quite simple method with fewer complexities that is the reason it has become popular and is being widely accepted by the firms internationally. The adoption of IFRS is a starting point towards achieving harmonization in accounting standards, however there is a lot more scope is present so that organizations can achieve maximum benefit (Mirza, Holt and Knorr, 2011). One of the significant reasons behind the adoption of a method that is universally accepted is to reduce market complexities. The major objective of introducing a high quality and internationally accepted accounting method is to make financial market work more efficiently. In addition to this, it is believed that a method which is universally recognized is able to reduce the cost of capital and will also increases the access to financial resources for originations. The adoption of IFRS by various countries across the globe represents that IFRS is being capable of predicting the market trends which certainly helps the organization to plan their future prospects efficiently. The need for harmonization increased due to differences that were arising while accounting. Organizations that were engaged in overseas trade were the once badly hit by the same. In such a time, when industrialization in various parts of the world were taking a different route, it was become significant for organiz ation to adopt a method that is common and is widely accepted. The world was reducing its geographical distances through the medium of trading and globalization was reaching its peak, at that time several accounting methods were invented to reduce the disparities that arises while marinating accounts (Nurunnabi, 2016). Several methods were followed within the limits of certain trading regions around the globe. As and when the bulk of trade increased, new ways were introduced to achieve harmonization in accounting standards. IFRS was the method that was seemed to be quite simple and that matches the international methods of accounting quite well. IFRS is still followed by various countries as it provides consolidated data that were required by firms to plan their future operations. IFRS has certainly reduced the amount of costing and has also aided in reducing financial market fluctuations. The adoption of IFRS has accelerated the pace of harmonization of accounting standards in several countries. However, in EU and other countries IFRS exist with their local methods of accounting. The scope of IFRS is quite wide which has not yet discovered completely, proper research is required in this area so that organizations can achieve harmonization in their accounting standards which in turn will make them more efficient in their market performance (Mulyadi et al., 2012). Adoption of IFRS by Singapore Harmonization has become the need of the time; several countries are following methods that can be proved beneficial in achieving harmonization in their accounting standards. IFRS is one such method which has been widely accepted by various countries in order to bring out homogeneity in their accounting methods. The principle of harmonization provides compatible ways of accounting which allows the firms to follow a certain universal method in order to gain more profits. IFRS has become a quite popular method of accounting and various countries have also adopted the same. One such country which has adopted the method is Singapore. The Accounting Standards Council (ASC) holds the responsibility of developing and publishing the Singapore Financial Reporting Standards (SFRS) has worked towards complete implementation of IFRS in their accounting standards (IFRS Implementation Services, n.d.). The method has been adopted in the year 2010 making it mandatory for all the firms that are engaged in profit making to make their financial statements in accordance with IFRS adopted by the ASC for their financial year. The adoption of IFRS is the result of changing accounting ways of financial reporting in Singapore business firms for adopting financial reporting method that is widely accepted and universally recognized. However IFRS has been adopted in conformity set out by the ASC. The new method hence adopted affects the majority of Singapore firms and this also results in the introduction of many new standards. ASC is quite aware of the possibilities and scope of IFRS and therefore adopted the same in order to remain competitive in the international market (International Financial Reporting Standards Regional Policy Forum, 2010). ASC and Singapore Ministry of Finance (MOF) strongly encourages their firms to adopt IFRS and understand its implications, in addition to this they also promotes changes which are quite important for the proper implementation of the IFRS in their accounting standards (International Convergence and Harmonisation Policy, 2002). They have launched a forum known as Regional Policy Forum in Singapore on 2010 followed by participation from 100 countries for seeking harmonization with IFRS standards. The business entities listed on Singapore Exchange (SGX) are requested to implement a financial reporting framework as per the IFRS that would be included in their annual reports as SG-IFRS from the year 2018 onwards. The companies are now requested to think about their investors and plan their future strategies accordingly. Moreover they are also detailed about the implementation of strategies that can manage their timely transactions. Audit companies in Singapore are also participating in pro per integration and incorporation of IFRS. Therefore, firms are preparing their financial reports and financial statements in accordance with the new method (International Convergence and Harmonization Policy, 2002). The new method that is IFRS is being implemented in the country to resolve the issue of harmonization of accounting standards. IFRS is one such method which has made international accounting quite compatible through providing all the required data in consolidated form. The Singapore firms are now experiencing a difference in the way of accounting they were doing earlier. The incorporation of IFRS has certainly made the differences, as international accounting has become quite easier and it has also reduced their extra costing. IFRS has surely reduced the discrepancies that were quite a barrier in accounting earlier (Mulyadi et al., 2012). ASC, in this context, have been given the responsibility of providing assistance to firms for adoption of IFRS method of accounting in their business. This has been to promote comparability amongst the financial reports and to enhance the competitiveness of country firms in the international markets. ASC is quite particular while providing assistance of firms; who have adopted IFRS as the means of doing accounting. It requires that every firm should declare its assets in the financial statements properly without hiding anything. ASC has already issued guidelines that every firm should recognize their assets and liabilities in the same way that the new method demands (Horton et al., 2008). In Singapore, Sembcorp Industries Ltd is one such organization which is currently placing large emphasis on implementing IFRS in their accounting procedures. It has mentioned in its annual reports that the company will integrate the SG-IFRS financial reporting framework from the end of 31 December, 2018 onwards in compliance with the new standards. The company has carried out a primarily analysis of the impact of SG-IFRS on its business operations for effectively complying with the new reporting framework (Annual Financial Statements, 2016). The financial statements of the firms and its other associates is prepared in accordance with IFRS which shows that the organization is emphasizing largely on implementing the IFRS accounting standard in order to gain harmonization in the accounting procedures (IFRS Implementation Services, n.d.). Basically, the financial statements is prepared on historical cost basis which is one of the critical part of ASC; however the business organization ar e now required to prepare the assets and liabilities on the basis of IFRS (Notes to the annual financial statements). The company in this context have presented in its annual report the summary of new reporting standards it is going to comply with from the end of year 2018. The group has maintained that the adoption of SG-IFRS 15 revenue from contracts with customers and SG-IFRS 9 financial instruments would be similar as FRS 115 and FRS 109. It is quite clear that in Singapore, the firms have adopted IFRS as a means to achieve harmonization in accounting standards; however it is quite significant to note that they are not required to completely leave their old methods of preparing accounts. Both the methods that are IFRS and ways suggested by SFRS are going hand in hand, thus providing wider scope of accounting (Sembcorp Industries Annual Report 2016, 2016). Conclusion The rapid changes in the international markets and the quick emergence of globalization were the one of the most significant cause of harmonization. Harmonization provides compatibility to firms to prepare accounts. Harmonization has thus become a quite reliable way of doing accounting. The principle of harmonization is quite famous in international accounting. Harmonization provides a homogenous way of accounting which can ease out doing business. Different methods have been adopted in order to gain homogeneity in accounting, due to globalization; there exist no such thing as distance because people have covered the distance through international trading. The major problem that has been encountered by firms was the issue of accounting. Several countries followed their ways o accounting which built up a problem in conducting industrial accounting. After proper research the method of IFRS was introduced in accounting. The report portrays the importance of harmonization for accounting and its benefits. IFRS was easy for firms to adopt because it was more or less same as GAAP which was a quite popular standard of accounting. Today several countries have adopted IFRS as the means of achieving harmonization their accounting procedures. Most of the business organization around the world is engaged in overseas trading, in such a scenario, IFRS will proved a boon for the Singapore firms because it provides data about the changing market trends from time to time. In order to remain competitive, Singapore organizations should plan their future prospects according to the changing market trends. ASC has also made it mandatory for firms to adopt IFRS. Sembcorp Industries Ltd is one of such organization of Singapore that is placing large importance on adopting IFRS in its business process. However it is important to conduct a proper research in this way, in order to gain competitive strength and efficiency in market proceedings. References Alkafaji, Y.A. et al. 2010. Understanding IFRS Fundamentals: International Financial Reporting Standards. John Wiley Sons. Beke, J. 2013. International Accounting Harmonization: Adopting Universal Information Methods for a Global Financial System. Springer. Efobi and Uchenna. 2016. Economics and Political Implications of International Financial Reporting Standards. IGI Global. Horton, J. et al. 2008. Does mandatory ifrs adoption improve the information environment? [Online]. Available at: https://www.lse.ac.uk/accounting/news/MAFG/Serafeimpaper.pdf [Accessed on: 7 September 2017]. IFRS Implementation Services. n.d. [Online]. Available at: https://www2.deloitte.com/content/dam/Deloitte/sg/Documents/audit/sea-audit-gios-ifrs-implementation-services-noexp.pdf [Accessed on: 7 September 2017]. International Convergence and Harmonisation Policy. 2002. . [Online]. Available at: https://www.aasb.gov.au/admin/file/content102/c3/ACCPS4_4-02.pdf [Accessed on: 7 September 2017]. International Financial Reporting Standards Regional Policy Forum 2010. [Online]. Available at: https://www.asc.gov.sg/2010Event02 [Accessed on: 7 September 2017]. Mirza, A., Holt, G. and Knorr, L. 2011. Wiley IFRS: Practical Implementation Guide and Workbook. John Wiley Sons. Mulyadi, M. et al. 2012. IFRS adoption and taxation issue. International Journal of Arts and Commerce 1(7), pp. 159-165. Nurunnabi, M. 2016. The Role of the State and Accounting Transparency: IFRS Implementation in Developing Countries. Routledge. Sembcorp Industries Annual Report 2016. 2016. [Online]. Available at: https://www.sembcorp.com/en/media/504552/sc_ar16_full_final.pdf [Accessed on: 7 September 2017].
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