The Accounting Standards Board ( Iasb ) And The...

Since 2007, both the Financial Accounting Standards Board (IASB) and the International Accounting Standards Board (IASB) have been collaborating on a unified project pertaining to the creation of a new accounting standard for insurance contracts. Currently, no international accounting standard exists under the International Financial Reporting Standards (IFRS), as they tend to follow the guidance of U.S. Generally Accepted Accounting Principles (GAAP). However, the standards proposed by both boards differ slightly. In June 2013, the FASB issued an Exposure Draft, Proposed Accounting Standards Update: Insurance Contracts (Topic 834) that strayed slightly from the IASB’s Exposure Draft Insurance Contracts also issued in June 2013. Initially, the FASB introduced a model with a scope including not only insurance entities but also noninsurance entities that issued insurance contracts. Nevertheless, the FASB’s goals in the alternation of insurance accounting have diverged fur ther from its initial convergence efforts with the IASB after the FASB voted in a board meeting on February 19, 2014, to narrow the focus of the insurance contracts project to pertaining solely to insurance entities, which is the same scope as current U.S. GAAP. The FASB was pressured by insurance entities, professional accounting organizations, and other financial statement users to reduce the scope of its exposure draft on insurance accounting or to specify which entities would fall under the control of theShow MoreRelatedProjects: Insurance Contracts and Revenue Recognition1606 Words   |  7 Pagesproject Insurance contracts Q2. The reason why the project was added to the work programme of the accounting standard-setting body The insurance industry is a significant and increasingly international industry and insurance contracts expose entities to uncertain and long term obligations. In recent years, insurance contracts of accounting fail to provide users the information that they need to understand the insurer’s performance, financial position and risk exposure. Furthermore, International FinancialRead MoreInternational Accounting Standards1317 Words   |  6 PagesInternational Accounting Standards What is the International Accounting Standards Board? This paper will give a brief overview on the history of the International Accounting Standards, starting with the role of the IASC Foundation, the structure of the IASB and the number of accounting standards currently published. Next, it will explain the steps in creating an international accounting standard in accordance with due process and it will show the mailing address and phone number. Lastly, there willRead MoreMultinational Corporations And The Standards Of Their Home Country That Have More Than One Way For An Issue1397 Words   |  6 Pagesinclude, multinational corporations are starting to use the accounting standards of their home country that might have more than one way for an issue, IASC has gained encouragement to create standards for transparent reporting and applicably consistently and consistently with the world, standard setters for securities and nationally are finding standard setters for other standard sett ers. 1B The auditor helps assure that accounting standards are be applied correctly all the time. The auditors are expectedRead MoreProposed Accounting Standards Changes and Their Effects on Essay840 Words   |  4 Pagesby the International Accounting Standards Board and How These Changes Will Affect the United States’ General Accepted Accounting Practices The changes that are proposed by the International Accounting Standards Board (IASB) will affect the United States’ Generally Accepted Accounting Principles (GAAP). These changes may have the most significant effects in the areas of revenue recognition, leases, and financial instruments ( ). The proposed changes under the IASB call forRead MoreConvergence Between Ifrs And Usgaap1208 Words   |  5 PagesBETWEEN IFRS AND USGAAP INTRODUCTION International Financial Reporting Standards (IFRS) are a set of accounting standards that are developed by the International Accounting Standards Board (IASB). This accounting standard is followed by approximately 130 countries as propagated by IASB. IASB is an independent accounting setting body that is based in London. It consist of 14 voters from multiple countries, including United States. Another accounting standard that is being followed is USGAAP thatRead MoreConvergence Between Ifrs And Usgaap1532 Words   |  7 PagesBETWEEN IFRS AND USGAAP INTRODUCTION International Financial Reporting Standards (IFRS) are a set of accounting standards that are developed by the International Accounting Standards Board (IASB). This accounting standard is followed by approximately 130 countries as propagated by IASB. IASB is an independent accounting setting body that is based in London. It consist of 14 voters from multiple countries, including United States. Another accounting standard that is being followed is USGAAP thatRead MoreInternational Accounting Standards And Public Companies944 Words   |  4 Pageshigh-quality, globally-accepted accounting standards. The American Institute of CPA’s (AICPA) believes U.S. adoption of a single set of high-quality, globally accepted accounting standards will benefit U.S. financial markets and public companies by enabling preparation of transparent and comparable financial reports throughout the world† (aicpa.org). HISTORY The original international accounting standards were developed in 1966. This was also around the time that the International study group was proposedRead MoreDifference Between Gaap And Ifrs1221 Words   |  5 Pagessomething. Specifically when dealing with accounting there are many different opinions on what are considered the best rules. There are two sets of rules in the world of accounting: the Generally Accepted Accounting Principles (GAAP), primarily used by the United States, and the International Financial Reports Standards (IFRS), primarily used by other countries. Since 1999, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) have been working to remove theRead MoreThe Fasb And The Iasb Essay1028 Words   |  5 Pages 1. Revenue From Contracts With Customers: Narrow-Scope Improvements and Practical Expedients. (2016). Retrieved September 09, 2016, from http://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176168130444acceptedDisclaimer=true On May 28, 2014, the FASB and the IASB discharged a standard on the acknowledgment of income from contracts with clients. On June 2014, the FASB and the IASB (all things considered, the Boards) advertised the arrangement of the FASB-IASB Joint Transition Resource GroupRead MoreLeases Are A Contractual Agreement1508 Words   |  7 Pagesleases: operating and capital leases, and there are various rules implemented by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB), for evaluating leases to determine if they are capitalized or not. A capital lease is associated with the purchasing of a capital asset, while an operating lease is associated with the use of an item that requires a fee. The new accounting rules may have adverse effects on company’s balance sheets, the income statements

A Culture Of Perfection Media s Influence On Adolescents

Rachel Uhland Professor Joshua Fleming English 101 5 July 2015 A Culture of Perfection: Media’s Influence on Adolescents Comparison. It is one of the most dangerous and detrimental habits within our society. We fall into a routine of â€Å"self-checking† ourselves against others; mentally taking notes of what we can improve and what we are doing better. We all know that comparison often takes its’ toll on our confidence and self-worth; what we may not realize, however, is how early these destructive habits begin and why. The media’s influence is everywhere and its’ messages are instilled in us from a very young age. The body images promoted by the media implant an unrealistic view of what is â€Å"beautiful† and perpetuate eating disorders,†¦show more content†¦Young girls, especially between ages 10 to 18 years old often suffer from low-self esteem and therefore are more likely to get caught up in the habit of comparing themselves to others. Children do not possess the logic or reasoning to look at images portrayed in media as â€Å"fabricated† and t hat is exactly what they need to be exposed as; fabricated, Photoshopped, false interpretations of reality. Media promotes a never-ending emphasis on physical appearance. Because of this, American culture has produced a standard of female beauty that is unrealistic and unattainable (Derenne, Eugene, and Beresin, 2006). The media tells us that perfection is achievable and they prove it by parading the images of models and actresses on every magazine cover, billboard, beauty product and television commercial. Young girls are constantly bombarded with the message that their personal value is dependent on their physical appearance. Sure, we can raise our children to know that their worth isn’t dependent on arbitrary things such as physical appearance, but what influence can we really have when media’s influence is reaching them through computers, magazines, television, and even their cellphones? Media’s control in society is undeniable and it is easily seen by itsà ¢â‚¬â„¢ ability to persuade women to buy beauty products, have surgeries, trying rapid weight loss diets, or even starving themselves if it means they will finally meet the

Speech against Animal Testing Free Essays

Now ladies and gentlemen, I would like you guys to have a think about this, without animal research, how long would it take for us to have a breakthrough in order for us to survive through small pox, rabies, malaria or any other severe diseases that had occurred in the past. If it weren’t for animal testing, we wouldn’t be all sitting here, enjoying our lives. Thank you all for listening. We will write a custom essay sample on Speech against Animal Testing or any similar topic only for you Order Now 0 In the case of using primates in animal testing, the National Research and Medical Research Council has stated, ‘Some biomedical research is best undertaken on primates in order to allow the greatest relevance to understanding health and disease in humans. ’ A PHD student from the University of Sydney, Swetha Murali, is working in a neuropharmacology lab researching about the development of novel therapeutics for treating chronic pain. Murali also raised a number of concerns and argued, ‘The first three are not alternatives at all. These animal dealers must be licensed by the United States Department of Agriculture and must adhere to Animal Welfare Act standards of care. Both dealers and research facilities can obtain dogs and cats only from specified sources and must comply with detailed record-keeping and waiting-period requirements. In addition, the United States Department of Agriculture conduct surprising inspections of dealers and research facilities for a greement to help ensure research animals are not missing pets. ’ 6 They don’t actually lead to the development of novel treatments, just a better understanding of the efficacy of existing ones. Meanwhile the last two are already commonly used in most labs, but prior to and in conjunction with work and animals. ’ Murali has also stated that ‘and as powerful as modern computers are, there’s still simply no comparison – the idea of successfully simulating the complexity present in organism- level biological systems is a pipe dream at present. ’ 9 My third point would be that there is no suitable and reliable substitution to animal testing. It has been reported that there are situations, where there are no viable alternatives to animal testing in order to enlarge the research of treatments to assist human beings from suffering a wide range of diseases. This has been brought up by the National Health and Medical Research Council which stated, ‘Animal experimentation remains crucial to a proportion of the funded research design to find better ways of preventing, treating and curing human diseases, and there are many situations where no alternatives exist. 7 The American Association for Laboratory Animal Science stated that, ‘While some research requires that dogs and cats are used, the vast majority of laboratory animals are rodents specifically bred for research. Nearly half of the dogs and cats needed for research are also bred for that purpose. Since state laws and local policies prevent many animal pounds and shelters from providing dogs and cats to research facilities, animal dealers are the primary sourc e for the other half of the animals scientists require. ’ 5 Good morning teachers and fellow classmates. Today I will be presenting my point of view towards the issue of animals being used in testing and research. Animals such as mice, rats and primates are used in the further research for the sake of us human beings, either health or cosmetic wise, and also tested on animals to make sure they have no life-threatening side effects. This act has being carried out for years, and to abolish it now would be a real shame and it’ll bring an end to the further advancement of human health. I assume that most of you guys think that animal testing will involve big needles injecting into those little cute, furry rodents. But I assure you, it’s not. It has been stated that the procedure throughout the whole testing will keep the animals’ distress to a minimal. Also the people who are involved in this project are all animal lovers, which mean that they aren’t doing this for enjoyment, but for the health of the greater well. As they say ‘Good science and good animal welfare go hand in hand’. In the UK, the experiments that were carried out have been classified as mild, moderate or substantial. In December 2001, licensed experiments that happened in the UK were: 39% mild, 55% moderate, 2% substantial and 4% that are unclassified. Judging from these statistics, it is shown that very few experiments have caused substantial suffering to the animals tested. This also leads to my second point. Many of these animals that were killed in animal testing were specifically bred for this purpose. 3 These animals would not have been alive at all if they weren’t needed for animal testing. Also keep in mind that they were bred under humane conditions, which means, they had the right amount of nutrition to be healthy and also in an environment that were close to home for them. In certain parts of the world, purposely-bred animals were not available, and in these cases, animals that were used must be obtained through licensed and regulated dealers that meet standard criteria where it was suitable laboratory research. 4 How to cite Speech against Animal Testing, Essay examples