My Personal Philosophy of Education Essay - 1592 Words

My Philosophy of Education My philosophy is based on progressivism, a student-centered philosophy. Progressivism is based around real world experiences. It allows students curiosities to be tested and answers the concerns they may have about the world around them. Curriculum is based on lifes experiences and students experimenting to get the right answer. Books are used to enhance the world but are not the main source of information. John Dewey, a reformer of progressivism, believed that education was an opportunity to apply previous experiences in new ways. he also believed that students facing the world around them should be able to master the scientific method. Students learn better through experiences then by reading†¦show more content†¦They should always be up to date with the latest technology. The programs should be designed so that students with no computer knowledge will be able to navigate and use the system without much assistance from the teacher. They need to feel that they are accomplishing the stages of each program on their own, so that they will have confidence to continue using computers. I believe that education is the key to the future. What a student is taught in school prepares him or her for the world. Being educated opens up a variety of options in life. If students get the right information in school, then when it is time for a career, they will be able to succeed in whatever they choose. My goal as an elementary teacher is to set a good foundation for the students in their scholastic career, so that they will have the desire to further their education through college to obtain the needed knowledge for a profitable career. I believe that the best way to be educated is to experiment and figure things out for oneself. Education is not to be used as a way to program students to be the same, but open up ways for the students to show whom they are. Each student has their own personality and sense of who they are, a good teacher will understand that personality and teach that student to use that to the best of their abilities. As a teacher I wish to get the subjects to students in a manner that isShow MoreRelatedMy Personal Philosophy : My Philosophy Of Education1046 Words   |  5 Pagesmanipulate the information for their own use in the future. Choosing between the four, I would say my philosophical views line up more as an essentialist. My philosophy of education, is that every teacher and student has an environment where they are challenged, yet still encouraged, in their instructional matter and teaching and learning strategies to prepare them to meet the goals set upon them. A philosophy is a search for wisdom in a particular area; it builds a framework of thinking, and guides instructionalRead MoreMy Personal Philosophy Of Education997 Words   |  4 Pages Philosophy of Education Discovering the place where personal values and expertise meet organizational values and needs offers a dynamic partnership opportunity. Mutual achievement of organizational academic quality and professional fulfillment provides a positive learning environment. Developing a personal philosophy of education enables an educator to understand and communicate the underlying basis for his or her approach to education. Sharing this philosophy provides valuable information forRead MoreMy Personal Philosophy Of Education1476 Words   |  6 Pages871 Foundations of Higher Education Summer 2015 Instructor: Joel Abaya, PhD Personal Philosophy of Education Submitted by: Wessam Elamawy . Personal Philosophy of Education Introduction: From the very beginning of my life I recognized the importance of higher education. I am 34 years old. I am Egyptian. I was born in a highly educated family . My father earned a Ph.D. in chemistry. My uncle earned a Ph.D. in Engineering . My aunt is a doctor. My grandparents were highly educatedRead MoreMy Personal Philosophy of Education958 Words   |  4 PagesMy Personal Philosophy of Education It is customary that on New Year’s Eve, we make New Year resolution. The fact is that we are making a set of guideline that we want to live by. These are motives that we seek to achieve. In a similar way, teachers live by philosophy. This essay focuses on my personal philosophy of education. It unfolds the function of philosophy in a teacher’s life, my view on the purpose of education, the student teacher- relationship and the philosophy which influences myRead MoreMy Personal Philosophy Of Education1443 Words   |  6 PagesThese beliefs of education are known as the philosophy of education. The philosophy of education is defined as the influences of what is taught and how the students will be taught. Throughout my study in my education class and past experiences, my mind was expanded and I acquired sufficient knowledge to develop my own concept of my personal philosophy of education. First, I will clarify the reasons why I choose the profession of being an educator. The first reason has been my parents influenceRead MoreMy Personal Philosophy Of Education1335 Words   |  6 Pagesteaching style in the â€Å"Finding Your Philosophy of Education Quiz.† While I enjoyed learning about the different philosophies and psychological influences of teaching, I prefer constructivism, social reconstruction, and progressivism due to their student-centered learning, hands-on or project based learning style, while making efforts to improve the world around them. I will be discussing why I chose progressivism, social reconstruction, and constructivism as my preferences, as well as the role ofRead MoreMy Personal Philosophy Of Education966 Words   |  4 Pages Personal Philosophy of Education Allyson C. Taylor EDUC 542 Dr. M. Derrick Regent University The definition of curriculum can be as mysterious as the curriculum itself. Oliva (2013) described the hunt for the curriculum as being similar to â€Å"efforts to track down Bigfoot, the Bear Lake Monster, [and] the Florida Everglades Skunk Ape †¦Ã¢â‚¬  (pg. 2). All of these elusive beings have left tracks, yet there isn’t a single photograph to prove their existence—just likeRead MoreMy Personal Philosophy Of Education873 Words   |  4 Pagesis a meaningful education? Throughout time many philosopher and educators have pondered on this question, leading to the development of theories and concepts that are present in the classroom today. In my personal experience, an educator philosophy is built over a course of time which is based on their knowledge and experience. An educator belief system is like a river, it changes and matures throughout its course, bending and changing as it progresses. Throughout the course of my educational careerRead MoreMy Personal P hilosophy Of Education1152 Words   |  5 PagesIntroduction My personal philosophy of education relies on the fundamental belief that every individual has inherent value, therefore designating education as an environment where students may grow in their self-worth through academic and relational support. Thus, the purpose of education is to provide individuals with the opportunity to learn about both content and about self, growing in their identity. Within this personal philosophy of education, I will further detail the aim of education, the roleRead MoreMy Personal Philosophy Of Education878 Words   |  4 PagesPersonal Philosophy of Education After taking the Educational Philosophies Self-Assessment test, I was able to figure out my referencing scores for my ideal logical instructional principles believed rational of the classification of educational archetypes. The areas of greatest influence in my philosophy of education included Humanism with a total of 21 points, Perennialism and Existentialism with 18 total points in those areas. Essentialism was second with 16 points and Reconstructionism record

Function and Role of Law in Business and Society Free Essays

Functions and Roles of Law in Business and Society Patricia Hackley LAW 421 April 15, 2013 C. J. Hughes Abstract A review of the Constitution, the Bill of Rights and the Code of Conduct will be discussed for a better understanding of it role in business. We will write a custom essay sample on Function and Role of Law in Business and Society or any similar topic only for you Order Now Businesses have operated for years but the interest lies in the development of and reasons for code of conduct; with the Constitution and Bill of Rights identifying the rights of the companies and the people. According to CFA Institute, â€Å"Code of Ethics were first created in the 1960’s†. It is the result of the Civil Rights Act of 1964 that promoted businesses to hire equal opportunity officers, to ensure compliance with the new law (â€Å"A History of Business Ethics†, 2012). The U. S. Occupational Safety and Health Act of 1970 enforced the mandates and the Environmental Protection Act forced businesses to internalize the cost of discharging toxic effluent (Ibid). In 1977, The U. S. Government enacted the Foreign Corrupt Practices Act to control actions of U. S. corporations overseas as a result of a series of scandals involving bribery. In an attempt to address public outcry to get out of South Africa, a group of U. S. companies adopted the Sullivan Principles. It was also hoped that South Africa would change due to these principles. By 1980, most companies in South Africa had started adopting ethical codes and training their employees (Ibid). The Responsible Care was developed as a result of a chemical disaster in India in 1984 and in 1986, the Defense Industry Initiative on Business Ethics and Conduct had written code of ethics, provided training to employees, established monitoring systems, shared best practices and became accountable to the public, due to defense contract irregularities. The 1991 U. S, Federal Sentencing Guidelines for Corporations provided incentives to corporation that incorporated ethical structures. If the company could show they had taken steps to address the ethical behavior of the company, the fines would be reduced, if found guilty. The most significant legislation to date is the 2002 Sarbanes-Oxley Act which was initiated as a result of scandals involving Enron, Arthur Andersen and other corporations. It requires CEO and CFO to certify fairness and accuracy of financial statements and code of ethics for senior financial officers along with public disclosure. The United States developed a voluntary Global Compact for Corporations, with over 1,500 companies worldwide joining, have nine guiding principles including labor standards, human rights and environmental protection. The Community Services Bureau, were I worked as a Site Supervisor, were governed by Federal, State and local laws, along with guidelines from our funding sources. We had annual Code of Conduct training and signing of a new amendment. Middle management and staff were members of the local union that provided arbitration, in the event of employee dispute, or ratify a new contract. Now we are acquainted with the development of business ethical conduct, we can make a correlation with the Constitution and Bill of Rights in the puzzle of function and role in business and society. The Constitution’s Bill of Rights, which include the first ten articles in the Constitution, brings us to the established boundaries of jurisdiction. Congress, under Article I of the Constitution, has the power to regulate commerce, tax the citizens and commercial entities and the spending government funds, bankruptcy, patents, and copyrights and make all laws necessary to carry out its powers under the Constitution. (Melvin, 2011). Under the Executive branch, the President carries out laws, the commander in chief to the armed forces and enters into treaties, pending Senate approval, and appoint federal officers and judges, also requiring Senate approval. Under the Judiciary branch, cases and controversies are decided under federal jurisdiction. The Judicial Review is the ultimate judge of federal constitutional law under the U. S. Supreme Court. (Melvin, 2011). In 1803, the Court ruled that the Constitution was higher than federal and state statutes, the conflicts between the Constitution and federal or state law, the Court has the authority to strike it down as unconstitutional. This authority can be found under Article III, Section 2 of the Constitution. The standards established classifies these actions in three categories: rational basis, intermediate-level scrutiny or strict scrutiny (Melvin, 2011). The Commerce Clause enables Congress to regulate Commerce among several states. It channels interstate commerce such as railways, vehicles used in shipping and articles moved in interstate commerce. The Bill of Rights First, Fourth, Fifth and Eighth Amendments are directly addressing businesses. The First Amendment guarantees the freedom of speech, press and the right to peacefully assemble. In business, the first amendment provides partial protection provided the speech is truthful and concerned a lawful activity; State cannot limit the free flow of information to consumers. To address these concerns and others, a four-part test framework was created to decide if certain regulations were constitutional: commercial speech in advertising, with no political implications. If regulations were constitutional, they passed all four parts of the test. Political speech has full First Amendment protection. The Fourth Amendment protects citizen rights to be secure in their person’s, houses, papers and effects. To secure a search warrant they must demonstrate probable cause or if they have cause for administrative violations they must have an administrative warrant to gain access to worksites for compliance inspections. The Fifth Amendment protects individuals from being compelled to be a witness against themselves. The business aspect of the Fifth Amendment allows individuals to remain silent during investigations and court proceedings. The Fourteenth Amendment protects individuals from being deprived of life, liberty or property without due process of law and includes restrictions and actions by state governments. The Due Process Clause has certain procedural requirements and that laws passed must be published for inspection by the public and be specific so the individual understands how the law applies. The Equal Protection Clause prohibits government from denying citizens’ equal protection of the law. It is interesting that the Bill of Rights has not been amended since it was established in 1866 and it continues to provide citizens with the rights, due process and establishment of laws to govern the ever increasing industry of business. Functions and Roles of Law in Business and Society References Code of Ethics Standards of Professional Conduct. (2013). Retrieved from http://www. cfainstitute. org/ethics/codes/ethics/Pages/index. aspx A History of Business Ethics. (2012). Retrieved from http://www. scu. edu/ethics/practicing/focusareas/business/conference/presentations/business-ethics-history. html Melvin, S. P. (2011). The Legal Environment of Business: A Managerial Approach: Theory to Practice. Retrieved from The University of Phoenix eBook Collection. How to cite Function and Role of Law in Business and Society, Essays

Makeup Cosmetics and Women free essay sample

Running Head: Makeup Makeup 1 5TH JULY 2009 Today, makeup has become a hot topic among society. Almost everyone applies make-up on their faces. Everyone knows that women apply makeup the most, but not men. Do really only females can do make-up or apply makeup? No! The era is changing now. In order to enhance physical appearance, men apply make-up on their faces too. They apply make-up more than any females which are most of the males or mens purchasing cosmetics more than females. But, women apply make-up in a same way too. They apply make-up Just to change the appearance of the current outlook. They Just want to show more confidence without the shallow eyes after make-up was apply. Besides that, men apply make-up due to the rise of the metro- sexual; make-up is the right of men, too, and no longer the sole right of women. Metro-sexual is a term referring to a man who is meticulous about his appearance. We will write a custom essay sample on Makeup: Cosmetics and Women or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He is always in fashion and very well groomed. Therefore, there are six reasons why women and men apply make-up to their faces: women love putting on make-up in order to enhance their physical appearance; putting make-up can increase the confidence of women; women should be able to apply make-up due to it is a social anner; men love make-up because they have started to become concerned about their physical outlook; in todays world, most of the cosmetic products contain skin protections which enable men or women to use them, and men use makeup in order to cover the pores or scars on their faces. Normally, most of the women would love putting make-up in order to enhance their physical appearance. According to Hazel Leong (2007), people looking good with their physical appearance does anything also will feel easy because people will react to them more optimistically. People always tend to deal with them better because eople do Judge others by their poise and contentment shown in their total outlook. (Leong, H. 2007. 3 secret Makeover tips to Enhance Your Appearance! ). Hence, makeup is a necessary tool for women, apply the right makeup can improve any womens physical appearance. In order to apply the right makeup and techniques could be learn from reading a books or asking a friend. (Dating Advice About Physical Attractiveness, 30th June 2009). It is so easy to understand why women love putting make-up. The women want to be attractive and beautiful among the people through putting different kind of make-up products on their faces. By ascara, eyeliner, and so on apply on their faces to make them look more attractive and alluring. Besides that, the women want to catch someones attention that they admired. So, women apply make-up to make them become more beautiful and pretty. Moreover, makeup becomes a habit for some women since they were applying the make-up too often. At the end, these women were relying on makeup, without makeup they rather not going out in front the door because they feel not comfortable without putting make-up on their faces. Furthermore, women love people praise them beautiful so they apply makeup to cover the blemish, freckles or acne scars on heir faces to make them look more charming and spirit. Therefore, women love putting make-up since it can enhance their appearance, making them more attractive, catch someones attention that they admire, feel comfort after applying make-up, and get people praise them up. Not everyone is perfect in the world; one may have some weakness on their physical outlook. In the past thousands of years still todays world, women are so mind their physical outlook, by the way women putting make-up to increase their confidence. This is because physical appearances are generic and are not going to change. No one can grow second time; people cannot grow two more inches and cannot change the shape of our face. By then, create a variety of amazing looks by how people style and apply make-up. (Mason, Linda. 1994. Makeup: The Art of Beauty). Hence, makeup can help those women who look not nice or have some skin problems that they probably lack of confidence. The reason why they lack of confidence is it is so imperative to make a great first impression due to the world is so cruel and superficial. People do Judge a book by its cover. (Adrian Sullivan, K. 0th June 2009, Why Wear Make-up). So, they use make-up to cover their blemish or scar n their faces to make their appearance look good and more confidence. Moreover, properly applied foundation and blush can give a youthful glow and brighten our face. The women look youth after make-up was apply. Besides that, not only ugly women need makeup, good looking women need too! This is because some may look no spirit due to their eyes are not big enough or attract and this will properly make them look like no confidence and no spirit.

Social Media Essay

Social Media Essay Social Media Essay Michael McDaniels Professor- Pamela Yates English- 1301/63004 8 April 2015 Social media pros and cons How much social media is to much for an adolescent? If we surveyed a hundred people, we will probably get a hundred different answers. The truth of the matter is, we will never know the exact number, but we can determine the pros and cons of the internet. According to Brent Staples, â€Å"the internet was billed as a revolutionary way to enrich our social lives and expand our civic connection†.(Brent Staples, page 445) The internet is diminishing a lot of the social skills of our younger generation. Todays youth will prefer to play video games and surf the web, instead of working out and playing sports. In 10 years from now, we will have more kids obese and less socialable due to social media. Too much social media can take away from family time and will cause problems within the household. Families that engage in frequent activities tends to be more happier and stable. Social media can also have an negative impact on your self esteem. People are always searching the web for ways to improve themselves, whether physical or mentally. People are always trying to be someone else, beside their self and a lot of it has to do with social media. Females are exposing their bodies on instgram and facebook, just for attention. Kids are not reading books anymore, because everything is only a click away on the internet. By failing to read, we are failing to learn. The internet has made everything so much easy in life. Overuse of the internet will hamper your critical thinking skills and people skills. Just like the internet can be bad, it can also be a good thing. Kids who uses the internet for educational purposes have a tendency to develop better learning skills. They will be more advance than their counterpart and more qualified for employment opportunities. The internet is a good way of networking with family and friends you have not seen in a while. The internet can teach you so much in a shorter period of time than any book. To understand a book, you will have to read it entirely, but you can go to the internet and type in summary of that book and it will provide it for you. The internet can be your friend or foe, it all depends on the user. â€Å"According to consumer reports from from 2011more than 7.5 million American kids under the age of 13 have joined Facebook, which technically requires users to be 13 years old to open an account.†(CNN News May 21, 2012). Study has also shown that â€Å"Teenagers text an average of 3,400 times a month†(CNN NEWS May 21, 2012). The report also says that â€Å"too much hypertext and multimedia content has been linked in some kids to limited attention span, lower comprehension, poor focus , greater risk for depression and diminished long- term memory.†(CNN NEWS May 21, 2012) Social media has been helpful in taking criminals off of the streets. People get so caught up Social Media Essay Social Media Essay Social Media At first, Facebook was on board with the experiment. Google (GOOG) was testing a new tool that would let Web sites add a host of new social networking features. Using Google Friend Connect, for example, fans of indie pop musician Ingrid Michaelson could invite their friends, via their Facebook accounts, to join her Web site. Google's tool would let them import their Facebook contacts and then send out the invites to their friends' Facebook feeds. But just days after the trial began on May 12 2011, Facebook "suspended" access for Google Friend Connect, saying it violated privacy terms in its user agreement. Though Facebook says it has "reached out to Google several times about this issue" to work out a solution, the abrupt about-face underscores some of the growing tensions- and blurring lines- between social networks and traditional Web portals, both of which are angling to capitalize on the presumed advertising riches that will come from social media. Indeed, it's been nearly three years since News Corp. (NWS) acquired MySpace, and still no one's answered that $64 gazillion question about who's going to make the real money from the social networking phenomenon. Uncovering the answer will only get harder as sites across the Web add social features, making the definition of social networking ever fuzzier. "In two to three years, the entire Internet is going to be more social," says Brad Garlinghouse, senior vice-president for communications and communities at Yahoo! (YHOO). MySpace and Facebook have, in fact, taken steps that would have you think they're cool with this widening of social media beyond their network walls. In the coming months, both may be aiding and abetting the likes of Google and Yahoo in allowing users to access their profiles, friend lists, and other data for purposes that would steer their ad-viewing eyeballs elsewhere on the Internet. The reasoning behind this apparent openness is simple: Just as AOL's and Prodigy's subscribers ultimately stormed beyond those gated online communities, social network users may not care to confine their socializing to one service. "I think the days of

History of the Bicycle

History of the Bicycle A modern bicycle by definition is a rider-powered vehicle with two wheels in tandem, powered by the rider turning pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle-like seat for the rider. With that definition in mind, lets look at the history of early bicycles and the developments that led up to the modern bicycle. Bicycle History in Debate Up until a few years ago, most historians felt that Pierre and Ernest Michaux, the French father and son team of carriage-makers, invented the first bicycle during the 1860s. Historians now disagree since there is evidence that the bicycle and bicycle like vehicles are older than that. Historians do agree that Ernest Michaux did invent a bicycle with pedal and rotary cranks in 1861. However, they disagree if Michaux made the very first bike with pedals. Another fallacy in bicycle history is that Leonardo DaVinci sketched a design for a very modern looking bicycle in 1490. This has been proven to be untrue. The Celerifere The celerifere was an early bicycle precursor invented in 1790 by Frenchmen  Comte Mede de Sivrac. It had no steering and no pedals but the celerifere did at least look somewhat like a bicycle. However, it had four wheels instead of two, and a seat. A rider would power forward by using their feet for a walking/running push-off and then glide on the celerifere. The Steerable Laufmaschine German Baron  Karl Drais von Sauerbronn invented an improved two-wheel version of the celerifere, called the laufmaschine, a German word for running machine. The steerable laufmaschine was made entirely of wood and had no pedals.  Hence, a rider would need to push his or her feet against the ground to make the machine go forward. Drais vehicle was first exhibited in Paris on April 6, 1818. Velocipede The laufmaschine was renamed the velocipede (Latin for fast foot) by French photographer and inventor  Nicephore Niepce  and soon became the popular name for all the bicycle-like inventions of the 1800s. Today, the term is used mainly to describe the various forerunners of the monowheel, the unicycle, the bicycle, the dicycle, the tricycle and the quadracycle developed between 1817 and 1880. Mechanically Propelled In 1839, Scottish inventor Kirkpatrick Macmillan devised a system of driving levers and pedals for velocipedes  that allowed the rider to propel the machine with feet lifted off the ground. However, historians are now debating if Macmillan actually did invent the first pedaled velocipede, or whether it was just propaganda by British writers to discredit the following French version of events. The first really popular and commercially successful velocipede design was invented by French blacksmith, Ernest Michaux in 1863. A simpler and more elegant solution than the Macmillan bicycle,  Michauxs design included rotary cranks and pedals mounted to the front wheel hub. In 1868, Michaux founded Michaux et Cie (Michaux and company), the first company to manufacture velocipedes with pedals commercially.   Penny Farthing The Penny Farthing is also referred to as the High or Ordinary bicycle. The first one was invented in 1871 by British engineer James Starley. The Penny Farthing came after the development of the French Velocipede and other versions of early bikes. However, the Penny Farthing was the first really efficient bicycle, consisting of a small rear wheel and large front wheel pivoting on a simple tubular frame with tires of rubber. Safety Bicycle In 1885, British inventor John Kemp Starley designed the first safety bicycle with a steerable front wheel, two equally-sized wheels and a chain drive to the rear wheel.

AT&T and T-Mobile's failed merger Research Paper

AT&T and T-Mobile's failed merger - Research Paper Example Both the corporation, AT&T and T-mobile were of the opinion that the merger lacked the intensity to affect the interests of the consumers in the wireless market. In other words, the wireless market will remain indifferent in spite of the merger. The deal amounted to 39 billion dollars. As the result of the deal, AT&T emerged as the largest mobile phone service provider in the country. Research question Whether the deal would have been fruitful from the consumers’ point of view? Literature Review and Analysis The resulted deal would offer AT&T to enjoy 43% of the market share. The market power would have widened the difference among the competitors in the market further. Researchers were of the opinion that the resulting merger would contribute to enhance the market power. The market structure is highly concentrated with lots of competitors and follows the guidelines of the horizontal merger. The arguments as well as the evidence provided by AT&T in the application were found t o be insufficient to ignore the presumption of increase in market power. According to the guidelines, the concentration of the market and the share of the market are measured on the basis of revenues. The products can be differentiated in the market and therefore revenues will act as the relevant parameter for measurement. If the revenues are fully attributable to the facilities based carriers, The Herfindahl-Hirschman Index would result to 3356 for the wireless market while the increase in index would be 741. On the other hand if the subscribers of the resellers are fully attributed to the resellers, then the index on the basis of revenue would be 3279 and the increase in the index would be 727. Therefore both the approaches show the market power is getting enhanced as a result of the merger. T-mobile continued to remain a strong player in the market. The other players lacked the competency to deal with the slack resulting from the elimination of T-mobile from the market. The effec ts of anti-competition could not be rubbed off completely as the resulting inefficiencies were not up to the mark (Goldfarb, 2011). The competitive disadvantages of the competitors rose. The effect was felt on quality and costs. The costs took the steep rising curve with poor standards of quality. The power of the competitors was limited and the roaming services felt the heat. AT&T and T-mobile offered the same quality of product under different conditions and at different prices. The authorities have to evaluate the national market and the local market separately as the price ranges kept on changing. The competitive effects on both markets were evaluated. A concern at the national level may not be a concern at the local markets and vice versa. The effects of the merger on the consumers would have been two folds. The subscribers of T-mobile will be left with no other option but to avail the highly priced smart phones and data services from AT&T instead of the affordable data plans o f T-mobile. The objective of AT&T in the merger was to enhance the consumer base (Besen, Kletter, Moresi, Salop and Woodbury, 2012). If the consumers of T-mobile come under the umbrella of AT&T significant amount of revenues will be generated and AT&T can gain the same level of profits. The customers will have to feel the pinch on the pockets by paying higher charges and also compromise of the quality of service. If T-mobile can be rubbed off from the market scenario, AT&T

Financial Reporting and Analysis Essay Example | Topics and Well Written Essays - 1250 words

Financial Reporting and Analysis - Essay Example b) The Board may be required to abandon neutrality and establish standards of reporting that conceals the particular transactions impact from the users of the financial reports. These costs will, however, exist regardless whether or not FASB authorizes their recognition in financial statements. It will not alter the economics of transaction and it will only withhold information from the users of the financial reports while making informed decisions and, eventually, the credibility of financial reports is impaired. c) The SEC relies on the Board and the private sector predecessors to establish and upgrade financial accounting and the reporting standards Accounting standards are therefore, established through a due process and open deliberations system to improve and certify the Board’s mission of improving financial reporting. By developing neutral accounting standards to the best interest of the public, similar transactions should be treated similarly and different transactions treated differently. This clearly shows that standard setting is in private sector in US. d) Some accounting standards are subverted so that they can achieve their purpose which is not related to fair and accurate presentation of financial statements. They there fore fail in the purpose they serve and consequently lack economic effect since they are not of importance to decision makers on allocation of resources and making other economic decisions. a) Dividends should be disclosed in changes of equity statement and in the notes as follows. Dividends that are declared are entered in the Retained Earnings account on the credit side and credited to the dividends payable account. When paid, dividends are posted to the dividends payable account in the debit side and to the Cash account, are posted to the credit side. Notes concerning the dividends can be illustrated as follows; b) The provision for a law suit should not be disclosed because the likelihood of