Accounting Standards Boards Essay Example | Topics and Well Written Essays - 1000 words

Accounting Standards Boards - Essay Example This convergence was done in order to improve the two main US accounting principles i.e. IFRA and GAAP. China and Japan also worked in this coverage of two boards. In accordance with the 2010 reports, the Securities and Exchange Commission’s have issued a statement of global accounting standard and convergence in order to direct the SEC staff. This was done to make a work plan which should be used to incorporate IFRA standards in US financial reporting system (Colson, Robert H, 2003, p.22). A brief history on the relationship of these two boards is described below: Interest of international accounting began in 1950s due to the integration of World War II and due to the increase of capital flaws in the systems. An international congress of accountant was hosted by American Institute of Certified Public Accountants in 1962. It discussed the steps for the development of accounting, auditing and other reporting standards. The first textbook of international accounting was publishe d in 1967 which was written by a member of FASB. IASB and FASB relationship was informal one. But in 1988 FASB became a member of IASC which meant that FASB was able to participate in the meetings of IASC. In 1993 FASB and its counter party conducted a joint venture project. This resulted in the improvement of in the relationship and standards of these two boards. In 2000 use of international accounting standards increased rapidly due to which IASB and FASB decided to collaborate and explore US international standards. IASB and FASB finally decided to collaborate and work together in order to improve the US accounting standards. This partnership has been mentioned in â€Å"The Norwalk Agreement.† A memorandum of understanding was issued by both of the boards in 2006. It described the targeted performance they hope to achieve by 2008. In this MOA they shared their common objective with high quality accounting standards. Both the boards completed the first joint project and iss ued a converged accounting standard on business combination in 2007. FASB and IASB updated its memorandum of understanding in 2008 in order to establish convergence goals of 2011. FASB reported the status of their project in order to converge and improve UC GAAP accounting standards in 2010. First quarter congress report was issued by both the boards which reported modification of their joint work plan. A progress report was issued by both the boards in 2011. It reported the progress of the convergence work program. In this report it gave priority to the three main areas i.e. leasing, financial instrument and revenue recognition. 1.2 IASB equivalents of the FASB original pronouncements FASB and IASB mainly establish standards in relation to finance and accounting which helps nongovernmental organizations to prepare financial statements. FASB major pronouncement is to develop the principles of general accounting, while IASB focuses on international financial reporting analysis. This indicates that IASB is not equivalent of the pronouncements of the other board. There exists difference in the practices of both the boards. FASB uses a rule based approach, which differs from the principles of IASB; it focuses on techniques, processes and organization. In spite of these differences in the original pronouncement, both the boards have agreed to converge for the best interest of financial economy. This means that the main reason of the convergence was to set universal standards of accounting. In order to reduce these differences meetings were conducted by auditors to ensure the success of both the boar

Romeo and Juliet who is to blame? :: essays research papers

Throughout time, there have been many tragedies cause by romance. For example, the play Romeo and Juliet, by William Shakespeare, is known for its romantic tragedy between two star-crossed lovers. With all the deaths, who is truly to blame for Romeo and Juliet's deaths? Friar Laurence is most to blame for many obvious, yet overlooked reasons. The forbidden wedding of Romeo and Juliet could not have happened without the Friar. First of all, the Friar unwisely agreed to marry Romeo and Juliet, even though he knows it will cause later problems. In the beginning, the Friar thinks that "...this alliance may so happy prove/ To turn your households' rancor to pure love." (II iv 91-92) This shows that the Friar has a slight hope of their marriage possibly working. Therefore, he decides to marry the two lovers. However, as time moves on, the Friar lets on that he has regrets about the marriage. The Friar feels that "too swift arrives as tardy as too slow." (II vi 15) In other words, the Friar means that he senses that this whole wedding is happening too fast and starts to have second thoughts. If the Friar had thought this important decision clearly through, he may have prevented many future tragedies. Therefore, the Friar knows all along that, "These violent delights have violent ends." (II vi 9) The Friar knew that this is an impossible situation, which if made possible by himself will without a doubt end up in tragedy in one way or another. Under these conditions, as the Friar predicts, Romeo sinks into a deep depression; as a result of the fact that he cannot see his wife. Similarly, Juliet becomes depressed and is grieving over the truth of her and Romeo's separation. Without the Friar the two lovers would not have been married, which would have prevented both depressions and future problems to come. The Friar is responsible for many problems as well, as assisting Juliet with her "death" plan. When Romeo and Juliet realize they can’t be together, and Juliet is expected to marry Paris, she needs an escape plan. Juliet pays a visit to the Friar, who creates a plan for Juliet to fake her death with a sleeping potion. When Juliet asks the Friar to help her break free from her wedding with Paris, he replies that: If, rather than to marry County Paris, Thou has the strength of will to slay thyself;

Art 2c de Young Museum Report

D. Pasturel Arts 2C Winter 2013 Midterm Review Date of Quiz: Thursday,January 24 Date of Midterm: Wednesday, February 13 The following are images which you will need to know for the exam. I will ask you to call to mind the artist, or the title, or the date, or the period. You should memorize all of the information provided. * 1. Bemini. Baldacchino. St. Peter's, Rome. 1624-1633. Italian Baroqu6. pg. 673. 2. Bemini. Ecstasy of St. Theresa. Comaro Chapel. 1645-1652. ItalianBaroque. pg. 675. 3. Caravaggio. Conversionof St. Paul. c. 1601. ItalianBaroque. pg. 683. {e 4. caravaggio. calling of St.Matthew. c. 1597-1601. Italian Baroque. pg. 681. {( + * 5. Artemesia Gentileschi. Judith Slaying Holofernes. c. 1614-1620. Italian Baroque. pg. 683. 6. Josd de Ribera. Martyrdom of st. Philip. c. 1639. spanish Baroque. pg. 688. T. Yelazquez. Las Meninas. 1656. Spanish Baroque. pg. 691. 8. Rubens. Elevation of the Cross. 1610. Flemish Baroque. pg. 698. 9. Frans Hals. Archers of Saint Hadrian. c. 16 33. Dutch Baroque. pg. 704. 10. Judith Leyster. Self-Portrait. c. 1630. Dutch Baroque. pg. 705. 11. Rembrandt Van Rijn. Anatomy Lesson of Dr. Tulp . 1632. Dutch Baroque. pg. 706. Rijn. Night Watch. 642. Dutch Baroque. pg. 707. 12. Rembrandt Van 13. Vermeer. Woman Holding a Balance. c. 1664. Dutch Baroque. pg. 7ll. 14. Georges de La Tour. Adoration of the Shepherds. 1645-50. French Baroque. pg. 723. 15. Poussin. EtinArcadiaEgo. c. 1655. FrenchBaroque. pg. 719. 16. Claude Lorrain. Landscape with Cattle and Peasants. 1629. French Baroque. pg. 72I. 17. Hyacinthe Rigaud. Louis )ilV. n}l. French Baroque. pg. 7l4. 18. Mansart and Le 19. Frangois de Brun. Hall of Mirrors. Versailles. c. 1680. French Baroque. pg. 716. 730.. Cuvillids. Hall of Minors, the Amalienburg. Early 18s c. Rococo. g. 2}. Walteau. Pilgrimage to Cythera 21. Boucher. Cupid a Captive . 1717. Rococo. pg. 732. . 1754. Rococo. pg. 733. 22. Fragonard. The Swing. 1766. Rococo. pe. 734. II. In addition to the slide identificati ons, other questions including multiple choice, and shortanswer questions will be on the midterm examination. In order to respond to these questions, you should have a strong understanding of the following: A. all of the periods we have discussed in class, including: 1. The Baroque – chapter24 a. Italy b. Spain 2. The Baroque * chapter 25 a. Flanders b. The Dutch Republic c. France 3.The Rococo – chapter 26 (to page 734) B. While you will be tested on the slides listed above h â€Å"I†, you will also be expected to have a good comprehension of images not necessarily on the list. We have seen, for example, images in class that are not in the textbook, including a number of works by Vermeer. Although you will not be expected to know the titles or the dates of the slides not on the list, you should have a general understandlng of these to be able to answer possible multiple choice or short answer questions. Reading over your class notes should help in familiarizing yourself with these works.C. The exam will also include multiple choice and short answer questions on the history and culture of the above mentioned societies. This is the type of knowledge that should be stressed when studying for the exam. The Reformation and Counter-Reformation, for example, in-fluenced so much art of this period that an understanding of these movements is critical. Culturally, the religious beliefs and expanding middle class of Holland played a large role in the art produced in that country. III. Ways to study: A. attend class regularly B. read over your class notes thoroughly C. emorize the slide list above (either from the book or from my sites. goo gle. com/site/dpasturelarthistory/) D. read the textbook website: IV. What to bring to the exarR: A. apen and or a#2pencil B. scantron form available in the bookstore C. no dictionaries will be perrnitted except in special cases that have been cleared with me in advance CIIEATING POLICY: CHEATING WILL NOT BE TOLER ATED. If you are caught cheating during the exam, you will be asked to leave. If your responses are exactly the sa$te, or suspiciously similar to thbse of another student, your work will be catled into question.

Effects Of Nutrition On The Rise Among Americans Of All Ages

Rates of obesity are on the rise among Americans of all ages. Improper nutrition is a major contributor to this ongoing health crisis. In the United States, neither adults nor children regularly consume the recommended daily amounts of fruits and vegetables. Lots of smartphone applications on the market attempt to improve caloric and nutritional intake. Many leverage the power of social influence to improve compliance with dietary guidelines, but none of the applications currently available attempt to leverage the most powerful influence on most of our lives – our families. For the purpose of this study I will use a variety of design research methods to examine and evaluate the nutritional challenges facing a sample of middle-income†¦show more content†¦More than one third of adults in the US are obese, and 8.4% of children age 2-5, almost 18% of children aged 6-11 and 20.5% of kids aged 12-19 are considered obese (Ogden, Carroll, Kit Flegal, 2014). In 2008, obesity was estimated to cost the United States $147 billion dollars (Finkelstein, Trogdon, Cohen Dietz, 2009). The rates of obesity among Americans of all ages points to a lack of nutrition education and a lack of cultural and institutional support for healthy eating habits. A 2005 study warned that the youngest generation of Americans is at risk of being the first in American history to have a life expectancy shorter than that of their parents. This decrease in life expectancy was attributed to the steep rise of obesity in American children. The study warned that over the coming decades, life expectancy for the average American could fall by as much as five years unless efforts are made to stem the rising rate of obesity and the increased occurrence of chronic illness that accompanies it (National Institutes of Health, 2005). Individual changes to health behaviors do not have to be drastic in order to produce significant positive health effects. Studies have found that a modest 5-10 percent drop in weight can create significant improvements in cholesterol and blood pressure (Centers for Disease Control and Prevention, 2011). Small changes can pay big health dividends in the long run. Better health is combination of both physical activity and reduced