IFRS 3 and IAS 17 Coursework Example | Topics and Well Written Essays - 2250 words

IFRS 3 and IAS 17 - Coursework Example Major issues of the business combination are analyzed hereunder in order to determine the style, character, and extent with which those have been dealt with by IFRS3. The process of accounting and reporting of the business combination is stated with absolute clarity under IFRS 3 particularly after its revision in January 2008. IFRS 3 categorically states that only purchase method shall be applied for accounting and reporting for acquisitions. The standard has in a simple fashion established four following stages for applying the purchase method to regulate the acquisitions: This standard is not applicable to joint ventures, acquisition of asset or group of assets, and combinations of entities under common control that are not transitory, an involvement of two or more mutual entities, and formation of a reporting entity for combining entities or businesses without ownership interests. In other words, only those combinations are attracted under this standard that involves a transfer of controlling interests with the acquirer. Acquirer gets these controlling powers in the number of ways as under That is why IFRS 3 makes it compulsory to identify an acquirer. Acquirer as per IAS 27 is the one who has control over the financial and operating policies of the acquired entity, and these powers can be obtained in the following ways, among others: A revised version of IFRS 3 has eliminated whatever ambiguity was there in the original version. IFRS 3 describes the fair value of an asset or a liability as the amount that is exchangeable at arm’s length transaction between parties having complete knowledge of that asset or liability. Hence the cost of acquisition is the fair value of net assets assumed (that is the fair value of identified assets including intangible assets reduced by identified liabilities including contingent liabilities) and equity instruments issued by the acquirer in exchange of control of acquiree plus the cost directly attributable to the acquisition.  

Management Is Doing Things Right; Leadership Is Doing The Right Things Essay

Management Is Doing Things Right; Leadership Is Doing The Right Things - Essay Example His distinction between management and leadership has been a popular topic for debate for several years now.Leadership acts as a tool in settling on the best course of action to take- what are the things that should be done to reach our targets? But according to Drucker’s philosophy, leadership is strong and successful when the leader thinks through questions like ‘Of those things that would make a difference, which are right for me? By ‘doing the right things’, he meant that effective leadership is considering the company’s mission, describing it and openly establishing it. It is a leader’s job to set clear goals for the company and define the standards needed to be maintained while achieving the goals. Being aware that he is not in control of the universe, he has to make compromises. This, however, he does once he has thought of the right and the desirable. Drucker defines leadership as mundane, unromantic and boring. Its essence lies in perf ormance. Effective leaders keep on checking their performance against the achievement of their goals. This practice helps them to analyse their choices and decide on what is important and needs immediate attention. It also assists them in identifying their strengths and recognizing their weaknesses. Regarding this, Drucker says: ‘I have seen a great many people who are exceedingly good at execution, but exceedingly poor at picking the important things. They are magnificent at getting the unimportant things done. They have an impressive record of achievement on trivial matters.’ Setting the right kind of goals plays a significant role in developing a successful leader. It is of extreme importance to set realistic achievable goals which fit in with the overall mission, keeping in mind the external constraints such as political, economical, and financial and internal constraints such as the current resources available and the interpersonal issues. In accordance with this s tatement of his, lies the aspect of responsibility within leadership. Rank and privilege is not the core to leadership. It is, in fact, the sense of responsibility that the leader feels and exhibits that represents strong and reliable leadership. Hence, a successful leader is one who takes initiative to tackle a task and uses the given resources optimally to derive maximum benefit. Drucker claims America’s chief of army staff in World War II, General George Marshall, became a productive leader through responsibility and diligence. Such kinds of leaders do not fear the self-determined subordinates. Instead, they encourage their juniors, assisting them to reach their potential and accomplish all that they are capable of. Being ambitious for a leader is far smaller a risk than being mediocre. An effective leader is also aware of the consequence that organizations face in case of the leader’s impeachment. In regard to this, Drucker rightly says: ‘An effective leader knows that the ultimate task of leadership is to create human energies and human vision’ Drucker at one point stresses over the effectiveness that every leader is expected to possess. Be it in a government agency, a hospital, a business, a labour union, a university or army, a leader seems to bear high intelligence and imagination only seconds it. Yet he lacks the vital link between his effectiveness and his intelligence, imagination or knowledge. However, many leaders come in contact with the dangerous near successes traps which usually revolve around the mindset

The Effects of Global Climate Change on Clark County, Nevada Essay Example for Free

The Effects of Global Climate Change on Clark County, Nevada Essay Global climate change is a growing concern in areas all over the world, especially dry areas like Clark County, Nevada. Clark County is located in Southern Nevada; most people are aware of Clark County because of Las Vegas and the world famous strip of hotels and casinos on Las Vegas Boulevard. What people are not aware of is how rising sea levels can affect fabulous Las Vegas, and the detriment that is in store for Clark County if something big is not done to try and reverse the dangerous effects of global climate change. â€Å"Scientists have high confidence that global temperatures will continue to rise for decades to come, largely due to greenhouse gasses produced by human activities† (NASA, The Current and Future Consequences of Global Change, 2007). Because of rising global temperatures, people all over the planet are plagued by rising sea levels, melting Arctic sea ice, melting glaciers and permafrost, rising sea-surface temperatures, warming lake temperatures, heavier rainfall causing flooding, extreme drought increasing, withering crops, changing ecosystems, changes in the frequency and strength of hurricanes, human health being affected by warmer temperatures, and sea water becoming more acidic. So how does this affect Las Vegas and Clark County? First, Clark County is located in the Mojave Desert, and has a subtropical desert climate. Second, Lake Mead is located in Clark County and is a major source of water supply not only for Nevada, but also for Southern California and Arizona. Third, because of the changing global climate, Lake Mead is drying up. Water levels in Lake Mead have fallen over 100 feet since the year 2000. â€Å"Water levels are falling in America’s largest reservoir. If it dries up, so could power and water for much of the Southwest† (GOOD, Lake Mead is Drying Up, 2009). Currently, the Las Vegas Valley Water District has put watering restrictions in place and has raised the price that citizens of Clark County ay for water to try and fund research for water retention and future supply. Is this enough, though? In the summer months, temperatures exceed 100 degrees in Clark County, and the only relief from the heat is water. What can be done to help reverse or stop the effects of global climate change on Southern Nevada right now? There are a few simple things that citizens of Clark County can do to help stop the negative effects of global warming on their state. First, an act that would promote water conservation should become mandatory for all citizens of Nevada, not just Clark County. This water conservation act would require citizens of Nevada to not only limit their water consumption to a certain amount of gallons per year, but would require them to recycle their water using purification via a state issued water hepa-filtration system. This would require funding, so a water tax should be put in place specifically to pay for these water recycling devices. Once all Nevadans had a state issued water filtration device, they would be required to have five gallons of water per person in their homes at all times, and would be subject to inspection by a state official once a year to ensure they have their required amount. Any citizen not in possession of at least five gallons of fresh water would be subject to a fine for non-compliance by the state of Nevada, which would be used toward water conservation and research. Furthermore, the water conservation act should place limits on the amount of water a household uses per year, especially in the summer months. Just raising the cost of water is not sufficient, as it does not discourage people from using more water because they are not forced to use less. An acceptable, humane amount of water per person should be decided upon by the water conservation act, and if this amount is exceeded, the cost for additional gallons of water should be triple what is normally paid. This would be effective in discouraging people from using too much water and depleting the supply. It might sound harsh, but imagine that Lake Mead actually did dry up because of global warming. The effects of losing a major water supply to the Southwestern United States would be devastating, and would affect many more people than just those living in Clark County, Nevada. The question remains, how will Las Vegas ever become conservative with its water when it is the Entertainment Capital of the World? Yes, the citizens of Las Vegas can abide by the rules and regulations of the water district, and could even be held to the proposed water conservation act, but what about all the millions of tourists who come from all over the world and take from our water supply? Las Vegas needs to come together and soon, or it might end up being a dried up ghost town. Please see the topo map below, showing a close up visual of Las Vegas drying up.

Disarmament of Paramilitary Groups in the Former Yugoslavia :: Political Science

Disarmament of Paramilitary Groups in the Former Yugoslavia The Committee on Disarmament and International Security has taken upon the task of disarming paramilitary groups in Yugoslavia. It is important that we examine states' policies toward disarmament and prevention of the proliferation of light weapons. While states generally support active and forceful disarmament of paramilitary groups, it is important to note that some nations have a stronger commitment to the containment of the small arms. Two separate views have emerged regarding the cause of the war in Yugoslavia, each of them drawing their conclusions from a different set of historical facts. One interpretation claims that the war is the result of an act of Serbian aggression instigated by an nationalistic leader, Slobodan Milosevic. The other side holds that his is a civil war based on the revival of ancient ethnic conflicts in the region that erupted after the fall of communism, States in the international community have aligned according to their interpretation of the history of the region. Argentina does not have a major role on this topic, but has strong trade ties with the United States and will side with them on the issue. The United States adopts a different interpretation on the issue than the rest of the world. Most of Europe, except Great Britain, was extremely critical of the actions the United States took in the bombing in Yugoslavia. The leaders believed that the campaign would only make a bad situation worse. Russian government criticized the Clinton Administration for it's actions. China also disagreed with the United States, saying they had no right to intervene in the international affairs of Yugoslavia, regardless of the actions taken by Milosevic. Argentina will side with the United States unless they propose an idea to make all the countries pay for an active and forceful disarmament of paramilitary groups.

Movie Impact Outline Speech

To inform my audience about how the movie â€Å"Eternal Sunshine of the Spotless Mind† had an impact on me. Thesis Statement: â€Å"Eternal Sunshine of the Spotless Mind† had an impact on me because its unique take on a love story showed me the bittersweets of romantic relationships in general. Preview: I will discuss the impact that the movie had on me. I will also tell how the movie's storyline made me appreciate and fall in love with the movie.Body: 1. This movie is one of the only genuine love stories I have ever seen. A. Both of the main characters, Joel and Clementine, were Just so dysfunctional real. B. You experience all the emotions that the characters in the movie experience. Feelings such as loss, regret, anger, instability, sureness, self-discovery, and so much more. 2. This movie also taught me lessons about relationships and breakups. A. It shows why painful memories are Just as important as the good ones. B.It really put into respective how relationships are difficult at times and getting through those hardships will ultimately make you stronger whether It be alone or as a couple. Conclusion: In conclusion, â€Å"Eternal Sunshine of the Spotless Mind† Is one of those movies I'll probably be going back to throughout all parts of my life. I don't think our culture teaches us how to deal with sadness and loneliness properly, a feeling that Is as vital for the full human experience Just as happiness and comfort Is.

Charlotte Perkins Gilm A Feminist Writer - 1105 Words

In the late 19th century, women who suffered from depression, insomnia, fatigue, anxiety, or headaches were thought of as having a nervous disorder or hysteria (Stiles 3). Hysteria was a popular diagnosis at the time for many women, especially head-strong and intellectually active women who sought treatment for these ailments. Silas Wier Mitchell, a physician in the late 19th century, created the Rest Cure in 1873. It was originally prescribed to injured veterans of the Civil War (Stiles 3) but was later used for patients who suffered from depression and hysteria. Most of Mitchell’s patients happened to be women. While Mitchell and other male physicians advocated the rest cure as successful, many women were against it because it made them†¦show more content†¦Theodore Roosevelt sought the west cure to help him with depression after losing his wife and mother. There was clearly a double standard for male patients who had the same symptoms. Men were given active program s (the west cure) to strengthen them mentally and physically while women were given sedentary programs (the rest cure) that made them dependent on the husband or nurse and discouraged self-expression. Patients of the rest cure were prescribed a life of quiet bed rest, often secluded from social activities, writing, knitting, or reading. The under-stimulated patients were not allowed to express themselves or engage in intellectual activities because it was believed it would cause more nervousness and hysteria. Women and some men who advocated for women argued that the rest cure was widely used to subdue intellectual women. The Yellow Wallpaper by Charlotte Perkins Gilman tells the story about a woman prescribed the rest cure and how it pushed her deeper into depression and later led to manic hysteria and hallucination. In The Yellow Wallpaper, the narrator is a woman suffering from a nervous disorder, possibly post-partum depression, and is prescribed the rest cure. Her role as a subordinate wife was clear from the start of the story: â€Å"John laughs at me, of course, but one expects that in marriage† (Norton Introduction line 5). â€Å"Then he took me in his arms and called me a blessed little goose†¦Ã¢â‚¬ 

Donovan Implications - 2267 Words

We laugh about the person who says, ‘I know I’m right; don’t confuse me with arguments’. And yet there are times when we find ourselves wanting to say that too. For there are situations in which we feel sure that we know something, even though if asked to give a good argument to back up our claim we are at a loss to know quite how to do so. ‘I know you’re the person I spoke to on the bus yesterday.’ ‘I know I have two hands.’ ‘I know it is wrong to let that child starve.’ ‘I know that six minus four leaves two.’ Our experience of being confident that we are right in cases like those is often called intuition. Intuitive knowing seems to be a direct, convincing way of knowing, which needs no further argument. And it is a perfectly ordinary,†¦show more content†¦He is keen to point out that it is not a type of argument (‘direct’) and that it is very hard to doubt it (‘convin cing’). By defining intuition in this way Donovan is treating it as a possibly genuine way to gain knowledge, distinct from intellectual argument. Finally, Donovan asks the question, ‘are there such things as intuitions in religious matters too?’ This is his key question. Given that he accepts that intuition works on some level he wants to know whether it can be extended to also work on matters of religion, such as whether God exists and if so, what he is like. Donovan wants to explore whether religious experience can be a basis for intuitive knowledge of God. This is unlike Swinburne’s argument from religious experience where the conclusion ‘God exists’ is deduced from premises. Instead it is not an argument at all, but an immediate apprehension of knowledge of God from experience of God. These are the three key aspects of Donovan’s argument in the above passage. Whilst there are no secondary points to explain the section does link to several key debates in the philosophy of religion. Firstly, in discussing whether religious intuition exists Donovan is contributing to the debate over whether God exists. In addition to philosophers such as Swinburne and Paley, Donovan is offering the possibility of an alternative way to gain objective knowledge of God/that he exists –Show MoreRelatedPresident Truman And The Dropping Of The Atomic Bomb1280 Words   |  6 Pagesknowledge of the making of the atomic bomb (Donovan, 1977, p.45). However, much focus was placed on using this bomb because of how much time and money had been put into the project (Donovan, 1977, p.45). A major figure who helped push President Truman to use the bomb was former President Roosevelt (Donovan, 1977, p.47). During his time with President Truman, he contributed to the master plan by havi ng crews trained to attack Japan with atomic bombs (Donovan, 1977, p.47). 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Even if a person were to findRead MoreThe Is A New Mother Or Father1280 Words   |  6 Pagesseizure and respiratory related that contribute to the frequent flier problem†. Robert Donovan, MD, and Medical Director of PHI Air Ambulance, says there are a lot of reasons people abuse the ambulance. â€Å"I didn’t have a ride,† â€Å"There was an argument at home,† â€Å"I thought I would be seen quicker,† â€Å"I wanted my family to know I was really sick,† and â€Å"I needed a prescription refill.† These are the ones Dr. Donovan states are the most common reasons. So why is the misuse of ambulance a problem? To nameRead MoreOverview of Alcohol Advertising Essay2476 Words   |  10 Pagesage but there are no other restrictions once the person has entered their date of birth. 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Agreeableness, which is a part of the Five Factor Model, is an important trait in employees ability to interact with others and as such should be investigated into how much of an effect being agreeable is when working in jobs that have a high Read MoreUndoing the Adregenic Response to Treat PTSD1403 Words   |  6 Pagesdisturbed memory function are reflected in current rates of PTSD in returning soldiers, reportedly between 17 and 25 percent (Donovan, 2010). Additionally, the broader range of symptoms, such as flashbacks and intrusive thoughts, reflect the larger impact of the interplay between adrenergic activation, emotional stimuli and behavioral, cognitive and emotional reaction and have implications for further study. Because enhanced memories are associated with endogenous adrenergic activation, it may be possible