Journal Essay Example | Topics and Well Written Essays - 500 words - 44

Journal - Essay Example Whats more that is accurate over all races. Discussing a standout amongst the most striking outcomes of the low marriage rate, the amount of unmarried women who are having kids. Exploration lets us know that in 1980, 18 percent of births were to unmarried ladies, while the number today is a little more than 40 percent. There are inescapable budgetary implications to such an emotional movement. For decades, marriage has been elevated as an approach to battle neediness, especially for ladies with youngsters. The reason why marriages are fizzling is precisely basing on the fact that defective individuals are hopping in for the wrong reasons." On the off chance that that was correct, we ought to be seeing galactically high marriage rates and a custom of marriage that remaining parts solid, coupled with cosmically high separate rates. Anyhow that is not what were seeing. Concerning the reasons behind why relational unions are fizzling appears as though something you only hauled out of flimsy air. "Imperfect individuals" – Everyone is defective in restricted or the other. Marriage, much the same as other social organizations, is still a build of people and is in this manner characterized by every individual desires, childhood, and conviction frameworks. As I would like to think, there are no widespread wrong motivations to get hitched on the grounds that marriage gives diverse profits to distinctive individuals. What one few sees as a wrong motivation to get hitched, an alternate may see as a flawless motivation to wed. Some wed for adoration. Some wed for gang. Some wed for convention. None of these reasons are generally not right. Relational unions are fizzling in light of the fact that an excess of individuals view matrimony the way Gretta Cohn does: as something that ought to be dealt with like a vocation contract; as something that "needs another model" rather than an old one that met

Financial Reporting Research Essay Example | Topics and Well Written Essays - 1500 words

Financial Reporting Research - Essay Example When making this decision, IAS 8.11 requires the management to show the definitions, recognition procedures, and dimension concepts for assets, incomes, liabilities, expenses and liabilities in the accounting Framework. A good financial statement is one that is understandable to every stakeholder of the company with minimum difficulties, thus financial statements should be simple and easy to understand. Two it should be reliable in that potential investors can rely on it to make decisions. Three it should be easy to compare with other financial statements in the market. Last but not least financial statement should be relevant. The information used in the financial statement should be relevant and material for decision making. Therefore, ambiguous information should be avoided when preparing financial information. This will eliminate any essence of misguide to the stakeholders of the company. Financial reporting standards have been revised severally over years to capture the dynamics in accounting sector. They have reviewed severally to incorporate the emerging trends in global business such as mergers, foreign acquisition among others. Before 2001 the world used to prepare financial statements using international accounting standards (IAS) and any revision on international accounting standards after 2001 is referred to as international financial reporting standard. ( IFRS). According international accounting standard 10 financial statement includes a statement of financial position which shows the total assets of the company, long-term and short term liabilities and the companies equity. Second is the statement of comprehensive income which shows the total revenue and expenditures of the company. Third is the statement of changes in equity, statement of cash flow which shows the ability of the company to pay short term debts and notes to the financial position this provides explanations to the financial statement items. International Accounting Standards Board is charged with mandate of reviewing and revising accounting standards. It comprises of fifteen members drawn across the world. It was formed in 2001 as successor of International Accounting standard committee. It has the responsibility of developing international financial reporting standard and revision of international accounting standard to IFRS. (Wood & Sangster, 2005) According to international financial standards a statement of financial position should have a section of noncurrent assets at cost, their accumulated depreciation and the net book value all shown separately. A section of current asset and current liabilities on separate column and then the working capital of the company are calculated as the difference of current assets and current liabilities. Current assets are those assets that can be converted into cash easily while noncurrent assets are those that are expected to remain in the business for a long period. In this statement there is a section of financing ac tivities which show how the company is financed. The total of noncurrent assets and working capital should always equal to finances of the company. This statement shows the total assets of the company, liabilities of the company both short term and long term