I should be guilty of dissembling if I were not to refer to the economic difficulties which have affected Japan recently along with several other countries. I assume that these difficulties have come as a shock to people in Japan because of their contrast with the prolonged period of economic success which preceded them. But they show, as history has shown so often, that the enjoyment of steady uninterrupted growth, over the very long term, is beyond the capacity of nations. Every country, no matter how successful, seems bound to experience setbacks. The history of the changing wealth of nations is the subject for a different speech by a different speaker. But accounting has a part to play, an important part, because of its role in making markets work effectively. And this is very much the subject for this speech and this speaker.
The Value of Accounting Standards
Today, the central focus of accounting is surely the measurement of business performance. Over the last 200 years or so, the broad trend of economic development has been towards specialisation, large scale production, enabled by increasing domestic and international trade. Large scale production has depended on the growth of capital markets. Hence, although other purposes remain important, the modern focus of accounting has come to be to serve the capital markets, to make those markets work efficiently. This process is not finished in any country of the world, much less internationally.
I want to emphasise the importance of this purpose of accounting. People who provide capital do so for a return and they wish to have reports of performance to help them decide how much to invest in particular businesses and on what terms. They wish performance to be reported in a manner which helps them to assess future prospects. Investors generally dislike risk. The higher they perceive the risk to be, the higher the return they seek for providing capital to a particular business. Perceived risk comes partly from economic fundamentals: from technologies, from demand factors and from competition. But it also comes from accounting. If accounting information is failing to meet the needs of investors, perhaps because it is perceived by them to be unreliable, the investors will feel more uncertainty in judging economic prospects than is warranted by the economic fundamentals. Investors will require to be compens...
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...urrently experiencing a time of economic stress. I wonder whether people in Japan will think that this is the ideal time to accept international standards for cross border listings in Japan, whether they will think that acceptance of international standards would provide the clearest possible signal of Japan's determination to be in the mainstream of international accounting developments. I wonder whether people in Japan might think that this is the ideal time to undertake a review of all Japanese accounting rules to incorporate the best of international accounting so that, like Australia, Japan could say that compliance with national standards would produce compliance with international standards without the two sets of standards necessarily being identical. People might think that this would remove inhibitions for international investors in investing in Japanese companies and would enable Japanese companies to obtain their capital on the most favourable possible international terms. People might think that everything possible would then have been done to ensure that accounting was playing its part in the economic recovery which your overseas visitors so warmly wish you to enjoy.
Several hormones such as dopamine and norepinephrine enhance aggressive behavior. A high level of testosterone is also a determining factor of increased aggressive behavior, which is why victims report that their assailant was male in more than 80 percent of all violent personal crimes (Siegel & Worrall, 2013). Aggression is subdivided into two categories: affective and predatory aggression. Affective aggression usually involves high levels of physiological arousal within the individual and takes place when fighting for a mate or social status, such as when a gang uses violence to intimidate other rivals within their neighborhood. Predatory aggression involves low stimulation levels and is done in a methodical manner that involves stalking and meticulous planning. In a study conducted by Barratt, Stanford, Dowdy, Liebman, and Kent (1999), a group of 216 college students were asked to evaluate their own aggressive acts with a self-report survey. The resulting aggressive acts committed were divided into the two categories of impulsive and premeditated aggression. Impulsive aggression was frequently followed by feelings of remorse and confusion after that act was committed, unlike the latter which consisted of dominance and a purpose of social status gain (as cited in Miller, 2014). While some aggressive offenders may have a rational motive to commit a crime, Soutullo, McElroy, & Goldsmith (1998) argue that the act of serial killing consists of compulsions and irresistible impulses (as cited in Miller, 2014). That can be contributed to an impulse control disorder, which according to the DSM-IV-TR (APA, 2000) and the DSM-5 (APA, 2013),
Blood pressure is a measurement of the force against the walls of your arteries as your heart pumps blood through your body. Hypertension is another term used to describe high blood pressure. This common condition increases the risk for heart disease and stroke, two leading causes of death for Americans. High blood pressure contributed to more than 362,895 deaths in the United States during 2010. Approximately 67 million persons in the United States have high blood pressure, and only half of those have their condition under control. An estimated 46,000 deaths could be avoided annually if 70% of patients with high blood pressure were treated according to published guidelines (Patel, Datu, Roman, Barton, Ritchey, Wall, Loustalot; 2014).
Wolk, H., Dodd, J., & Tearney, M. (2003). Accounting Theory: Conceptual Issues in a Political and Economic Environment (6th edition ed.). South-Western College Pub.
Management accounting in organisation is very important for decision-making and to make the business more efficient and therefore increasing its profits. Is the process of preparing accounts that can help managers to make day-to-day and short-term decisions, by providing them with accurate and timely key financial and statistical information...
It was first implemented from the United States and Canada, it focuses is mainly on serious and high-risk youths. It combines multiple therapy techniques such as cognitive-behavioural family therapies and behavioural parent training. It does this as it acknowledges that the young people will be embedded in a number of different social environments like the community, families and their peer groups and so this technique aims to combat all of these (Banks, 2013). Another form of therapy currently used is Function Family Therapy (FFT). It was designed several years ago and it is a short term intervention strategy and is designed to be delivered by therapists at home. This means it is less intensive than the MST strategy and costs a lot less and so is often the more popular option for the government. It targets youths between 11 and 18 years of age who have issues with delinquency, substance abuse or violence. It aims to enhance problem solving skills along with improving the family environment by working on the emotional connections and strengthening the family structure (Banks, 2013). The last popular therapy intervention strategy is Multidimensional Treatment Foster Care (MTFC). This system differs from MST and FFT in the fact that the young person does not continue to live at
The nature of business has changed and evaluation. ‘New techniques have been developed and existing one has adapted to try to ensure that management accounting retains its relevance’ (Atrill, P. el at 2013, pg. 12). Then, what is management accounting? ‘The application of professional skills in the preparation and presentation of accounting information in such a way as to assist management in the formulation of policies and in the planning and control of the operations of the undertaking’ (Tyagi, C. el at 2003, pg.12). The management accounting is very significant thing in the operation which this might consider as tools that allows administrators to manage their enterprise, make internal stakeholder understand more and cooperate
Light is a very important factor in the rate of photosynthesis, in my project I am going to test that plants do need light in order to photosynthesise. It will be very interesting to see how light will influence the rate of photosynthesis in plants and what will happen if they do not get the required light in order to produce starch .
Accounting is the pillar of every company to measure its growth, loss, revenue , capital, its really specify the real terms in foam of figures and sometimes in tables, in accounting there are certain rules are obtained to make more accuracy while playing with figures.
Financial and Managerial accounting are used for making sound financial decisions about an organization. They provide information of past quantitative financial activities and are useful in making future economic decisions. (Albrecht, Stice, Stice, & Skousen, 2002) The same financial data is used to derive reports for each accounting process yet they differ in some ways. Financial accounting primarily provides external reports for external users such as stock holders, creditors, regulating authority and others. (Garrison, Noreen, & Brewer, 2010) On the other hand Managerial accounting is concern with providing information that deals with the internal viability of the organization and is tailored to meet the needs of an individual organization. (Albrecht, Stice, Stice, & Skousen, 2002)
The success of a company is very dependent upon its financial accounting. In accounting there are numerous Regulatory bodies that govern the accounting world. These companies are extremely important to a company because they set the standards when it comes to the language and decision making of a company. These regulatory bodies can be structured as agencies, associations, commissions, and boards. Without companies like the Security and Exchange Commission (SEC), The Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), Internal Accounting Standards Board (IASB), Internal Revenue Service (IRS), and other regulatory bodies a company could not make well informed decisions. In this paper the author will look at only four of them.
Accounting aids the government and organisations in decision making for their financial stability. This numerical data helps solve real life problems and contributes to how the economy and businesses perform.
Schipper (1989) gives a well accepted definition of ‘earnings management’. According to him, the managers of a company often intercede in the external financial report of the firm and thus they safeguard their personal interests. This process of managerial intervention in the annual reporting process is better termed as earnings management. After a decade, in 1999 Healy and Wahlen, echo the same and affirm that the manager’s discretionary power may well influence the accounting reports of a company. In the same line of discussion, Dechow and Skinner (2000) talk about ‘accrual accounting’; this according to them is one of the most frequently used device in earnings management. The managers often showcase the prospective growth of expenses and
The history of accounting I feel is important in the learning, understanding, and developing of my foundation for my accounting career. In this report you will learn about the development of accounting. You will learn about the people who influenced accounting the most throughout the years. You will learn how accounting came about and how it was used in the ancient times. You will learn about the invention of the double-entry bookkeeping processes. You will learn how things were done before the birth of the double-entry bookkeeping process. You will learn about Luca Pacioli and the Summa. You will also learn about modern accounting and ACAUS.
The purpose of this document is to describe the nature, purpose and scope of accounting and it deliberately explains the details of each category in accounting. Accounting involves in preparing financial documents of an entity by analyzing, verifying, and reporting this records. It emphasizes its major characteristic role in field of banking and finance, with a mixture of supportive sub topics.
Accounting has been a living part of history since the Neolithic period and remains a prevalent and ever-evolving profession still to this day. This essay therefore proposes to look at the significance and role of history specifically related to the accountancy field. In order to substantiate this claim of the importance of accounting history, numerous benefits of accounting history will be presented. Factors such as the use of historical research and its availability thereof to constantly develop accounting policies will be discussed as well as how historical accounting practices can be used to understand current practice and assist in the training of individuals in the accounting field. Lastly, the importance of history in the development