Saturday, February 29, 2020

Advanced Accounting Theory & Practice Essay Example | Topics and Well Written Essays - 2000 words

Advanced Accounting Theory & Practice - Essay Example Since then, more and more countries are adopting IFRS.1 IASB sets down accounting standards for the accounting policies that a company under IFRS must follow. These accounting standards are in accordance with the requirements of Conceptual Framework which assist users of financial statements to take various financial decisions. IASB are in continuous effort to improve the accounting standards in order to prevent creative accounting practices by companies and help representing the true and fair view about the financial conditions and performance of the companies. IAS 1 which sets out guidelines regarding presentation of financial statements, its key features, changes in its recent revision by IASB, and finally criticism with regards to these changes, all have been covered in this study. Effects of changes in IAS 1 on Coca Cola Co. have also been studied. Key Features of IAS 1 Objective IAS 1 sets the guidelines to be followed in the presentation of financial statements made by an orga nisation. The presentation is made for the purpose of comparability with the company’s financial statements related to preceding periods. It also ensures that the financial statements of the company can be compared with other business entities as well. IAS 1 includes comprehensive requirements about how the financial statements are presented, rules about what would be its structure and the minimum requirements about what its contents will include.... cial statements are presented, rules about what would be its structure and the minimum requirements about what its contents will include.2 Scope IAS 1 is applicable to all the financial statements which are made for general purposes and is in accordance with International Financial Reporting Standards (IFRS). Financial statements used for general purposes are prepared with the intention that it would be required by the person who do not require financial reports to be used by them to cater to some particular information requirement.3 Financial Statements and its Components According to IAS 1, financial statements comprises of the following five components: 1. Balance Sheet: It is a statement which depicts the financial position of a business entity at the end of the period. 2. Income Statement: It is a statement explaining the comprehensive income of a business entity at the end of the period. 3. Statement of Shareholders’ Equity: It is a statement showing the increase or decr ease in equity of the business entity for the period. 4. Cash Flow Statement: It is a statement showing the cash flows of the business entity for the noted period. 5. Notes: It comprises of the accounting policies followed by the business entity in a summarised form. It also includes other explanatory notes of the business entity.4 IAS 1 does not require a business entity to use the same titles of the financial statements as stated above. They can use other titles as well. If we look at the annual reports of Coca Cola Co. for the year ending on December 31, 2011, we can find that all these components of financial statements are mentioned. Along with these there are other reports prepared by Coca Cola like, Report of Management, Report of Independent Registered Public Accounting Firm, etc. which

Wednesday, February 12, 2020

International Studies 2007 Essay Example | Topics and Well Written Essays - 500 words

International Studies 2007 - Essay Example As an avid practitioner of Zen, I have developed an appreciation for the influence that philosophy has on design. I find that the Eastern culture is the path into my future as I begin to incorporate green eco-design into our interior spaces. Japan is at the forefront of this discipline as they meld bamboo, rocks, and water into a harmonious living area. This offers more than just a chance encounter with nature. It makes the beholder an active participant with their surroundings and offers them the serenity of peace of mind. This seductiveness of the natural is also echoed in Japan's world-renowned gardens. My studies in Japan would give me the opportunity to view these landmarks and create new ways to bring the garden indoors. My interest in Feng Shui would naturally compliment the concept of space as a living environment. The blend of nature, Japanese gardens, and Feng Shui would offer a meditative atmosphere that would indeed be seductive. The lure of the opportunity to study in Japan does not overshadow my obligations to the program. I am infectiously dedicated to design and would bring with me the fresh ideas of New York and the West. I eagerly anticipate interacting and exchanging thoughts with the other participants.

Saturday, February 1, 2020

Media Project Movie Review Example | Topics and Well Written Essays - 500 words

Media Project - Movie Review Example Primal kinds of feeling are direct to commercial purposes. Therefore, it’s very hard to find a society without the contemporary discourse in presenting the truth or lies. From the second question, it’s true that Mayors signifies images as the basis of thinking. In a way, images displace the palpable physical reality. Miller brings out the concept called double think. This implies to how media images are approached by the people. He means that people on one hand knows what they see which falsity or propaganda is of images advertising and is not true. One sees through the image and thinks that it does not affect them particularly but yet with another part of their mind, they buy into it blindly. In the third question, the status of the ideal in the contemporary society is finding solutions on how to move from its current state through their way of thinking. In the ideal society, the culture has been consumed by the propaganda in the western society. Lots of repeated images with the illiterate society has slowly integrated into the day to day lives of people and become part of their culture. This has affected the level of culture of people through the onslaught embedded in images. In the fourth question, myth in the postmodern society has grown its roots that involves with advanced market economies in entering into a new era. Through the images in the advertising economies, postmodernism have dominated especially in the western culture. Postmodernism has been felt throughout the world by the influence of economic cultural and political in western countries. Through the primal feeling, images have created the reality hence facilitating postmodernism, and this hinders the societies’ intellectual thinking. In question five, the postmodern society is democratic as the consumer can choose over a variety of goods but no specific people representing the citizens choosing for the