Difference Between Fasb and Iasb Essay Example for Free

Difference Between Fasb and Iasb Essay Major similarities between FASB and IASB: Same organizational structure FASB and IASB are each belongs to an organization that has four main bodies. Also, the internal structure and responsibility assignment of these organizations are basically the same. FASB and IASB are the standard setting board of the organizations. Other three parts of the organizations are there to support the standard setting process, such as selecting board members and deal with emergency issues (Kieso, et al. , p7-9). In addition, both boards have members from varies industries including accounting, finance, business and academia (Virginia Law Business Review, fall 2008, p283). Private entities Both boards are private entities that have been assigned the role and responsibility of developing and deploying Accounting Standards (Virginia Law Business Review, fall 2008, p284). By private, it means the standard setting process is not affected by politics. However, since the governments are also relying on standard set by these private institutions, both FASB and IASB are sensitive to politics to varies degree. Similar procedure of making rules Despite any internal and external influences, the procedure of drafting and publishing Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) are similar. Generally, the process is as follows: discuss whether to add new project to agenda mostly based on recommendations from investors; plan for the project; draft the standard; vote and publish the standard once it is approved(FASB: Financial Accounting Standards Board, n. d). However, since each board has different members and they are setting rules based on its own investor’s concern, also by other external influences, they produce distinct rules. Differentiations between FASB and IASB: Scope of operations The jurisdiction of the IASB could be the whole world of commerce and industry, include EU nations and states, the latter is confined mainly to the United States and its trade partners (Virginia Law Business Review, fall 2008, p303). Because of this, the citizenship of the trustees has become a problem. The IASC Foundation has huge pressure of balancing the culture background of the board member; nevertheless, European members are still the majority of the board with a proportion of nearly 50% (Virginia Law Business Review, fall 2008, p307-308). This problem shows that the IASB standard setting has more outside interference. Political settings Different political settings for FASB and IASB authorized them different degree of independence. In the US, the standards set by FASB are implemented unless the Securities and Exchange Commission (SEC) interferes and prevents it for being accepted. However, in the case of IASB, standards set by the IASB do not gain value and authority unless these are passed by the European Commission (EC) (Virginia Law Business Review, fall 2008, p291). Funding The FASB is now financed through an obligatory contribution system, and therefore sheltered against financial influence. The IASB is financially depending on noncompulsory contribution from financial institutions, thus there is relatively huge financial pressure on IASB. Recently IASB has taken significant steps to widen the source of funding but the degree of mprovement varies from countries (Virginia Law Business Review, fall 2008, p292-298). Which approach to support? I would like to say the FASB standard setting approach is more appropriate considering your accounting background. Since many of your clients are Fortune 300 companies who would find FASB more in harmony with their preparation and presentation of periodic accounting statements and records. FASB is also in line with mo st widely accepted accounting norms and practices in the US. With less external influence, more freedom in standard setting and sufficient funds, I believe the FASB standard setting process is more trustworthy.

Hospitality in Homers Odyssey :: Homer Odyssey Essays

Hospitality in Homer's Odyssey      Ã‚  Ã‚  Ã‚  Ã‚   The first four books of Homer’s Odyssey depict certain instances of hospitality which are filled with generosity.   One reason for the importance of this hospitality could have been a respect for foreigners, who were completely at the mercy of their hosts, especially when hosts had themselves been foreigners.   A second reason why hospitality may have been important was to see if the guest was disguised as an enemy.      Ã‚  Ã‚  Ã‚  Ã‚   In Book 4, Homer tells how Telemakhos and Pallas Athena (disguised as Mentor) visited Menelaos in Sparta.   When Eteoneus, the King’s aide, asked whether he should welcome the guests, Menelaos replies, â€Å"before this, Eteoneus, you were never a fool †¦ we’ve both been entertained as guests before we came back home again †¦ so unharness the horses;   bring the strangers to the banquet.† (p. 33 Hull translation).   This comment illustrates the fact that Menelaos, as host, had had the experience as foreigner before, especially when he was at war and had encounters with both friends and foes in distant lands.   He empathizes with the position his guests are in, and Telemarkos and Athena were bathed and fed before they were questioned.      Ã‚  Ã‚  Ã‚  Ã‚   In book three, Telemarkos and Athena go to visit the wise Nestor in Pylos where they are welcomed and well-cared for.   In his wisdom, Nestor recognizes Athena for who she is, and offers up a holocaust to her the following morning (p. 30).   In embracing the company of foreigners and showing the proper hospitality, hosts both warded off the fury of gods visiting as disguised guests as is portrayed in the Odyssey, but in reality, it also may have been a way of making friends of enemies who came to scout the land.   The in-depth inquisitions after the guests were fed may have been not only innocent curiousity, but also a way to weed out ill-intentioned visitors.   This can be seen in Nestor’s wise inquiry, â€Å"Who are you, stranger? [Are you] recklessly roving the sea as pirates do while staking their lives and bringing ills to alien people?† (p. 23).   Hosts not only had to be prepared to entertain gods, but also protect themselves and th eir land.

How to become a good manager Essay

1- What are the advantages and disadvantages of nuclear family? A main advantage of the nuclear family is that a couple has ultimate privacy. Nuclear families incur less stress and trouble when moving into a new home. There is a specific sense of freedom that gives a nuclear family the ability to live life as they wish. It is also easier to avoid stress. A disadvantage is that children are left to take care of themselves. Another disadvantage is that the feeling of safety and security is lacking. There is also not much of a support system. 2- What are the advantages and disadvantages of extended family? Extended families are families where three or more generations are living in the same house. Usually, that means that the grandparents are living with their children and grandchildren. Research has shown that there are several advantages to living in extended families. Extended families are very important in countries where there is no social security net. Extended families help prevent elderly people from becoming poor. Another advantage is that the grandparents can look after the children. During the day, the grandparents watch the children to make sure that they are ok. And they also talk to the children when the parents are busy. This helps the children learn their language. And since the children are well taken care of, both of the parents are free to work on the farm or earn money in jobs. Disadvantages. Sometimes you have no privacy because there are so many members. They can also cause conflict and problems, meddling in other family members’ problems. While it is advantageous when you have a problem to have other members around to help, sharing other family members’ problems can also become burdensome on other members†¦ so that you not only have your own problems to worry about, but those of your extended family. 3- What are the advantages and disadvantages of polygamous family? Advantages of polygamy can be that stereotypical ‘female’ roles can be shared. That means that children get more attention, house work is done quicker and also  that if a woman in a polygamous relationship wants to work outside the home, she can without worrying whether or not ‘strangers’ are raising her child. Disadvantages can occur when people start to think they have ownership over each other and get jealous. Other disadvantages may be that as a wife gets older she can be replaced with a ‘better’ younger woman. She may feel neglected as her time has passed, but monetarily she should still be taken care of and she still has her place in the family. 4- What are the advantages and disadvantages of arranged marriage? Advantages: Your parents know you personally from birth to raising you your whole life so they best know your dispositions and personality and how you cope with others and all that good stuff. When they look for someone for you, they look out for people who best fit your mold and not someone whom you might be enticed by from some few qualities that turn out to be not so great later on. Also, usually arranged marriages occur w/in close communities so people will know each other well from childhood and in that case, people really do know each other, including those getting married and they are strangers. In Islam also, parents not only look for good personal qualities but also good spiritual qualities in how good they are with their religion and so forth. The person getting married also can refuse any person their parent chooses as he/she has no compulsion to marry anyone he/she doesn’t like or doesn’t think he/she will like. Finally, although a non-Muslim wouldn’t consider it anything, Muslim stress a lot on prayer and that Allah leads them in the right direction to the right match and steer them away from a bad choice. Disadvantages: You don’t necessarily know the person so love attraction may take some time. Something which is really bad not b/c of the institution itself but more b/c of various cultural influences on people’s personal agendas or essentially, when parents aren’t looking out for their children but their own needs. They may have personal prejudices against people who look some way or against people of a certain status and while Islam states that a true Muslim looks  past these things and only spirituality matters, not all parents are good Muslims and some are better South Asians than Muslims and are quite superficial. These kind of parents also don’t give much thought to spirituality either so it could be a woman who wears tight clothing or a man who drinks and womanizes. 5- What are the advantages and disadvantages of love marriage? Advantages of Love Marriage One of the most important advantage of love marriage is that it gives you the freedom to choose your own life partner and love marriage offers more independence and freedom to live your life. In love marriage both individuals feel more secured and comfortable as they know each other well and are also aware of strengths and weakness of each other. And they do not find any difficulty or anything new in their life after their marriage. Love marriage has a bright chances of success because it occurs from mutual attraction, love and understanding of individuals. It is not an artificially created union as in an arranged marriage. Love marriage gives your life excitement and peace of mind. You have a life partner of your choice with whom you can go to different places, enjoy your vacations, watch sports events and you’ll see all these things will look more lovely when you have your love with you Disadvantages of Love Marriage In spite of advantages there are certain disadvantages of love marriage. Those individuals who go for love marriages usually don’t get family support and even in some cases their relatives do not approve of their marriage. In love marriage both bride and groom have more expectations from each which can ruin their happiness in coming future as unmet expectations are a major cause of conflict in love marriages. The worst drawback of love marriage is an early break up, as both individuals who were in love with each other before the marriage feel lack of freedom from their families. Love marriages are successful only if a person is chosen wisely but man such marriages are not a result of any careful deliberation or insight but raging hormones. So, as a result there is mismatch between life’s goals and aspirations of the two individuals, which after some time becomes a cause of friction and eventually leads to divorce. Thus it is most important to decide to get married to a person who loves you more than you love that person 8- Why do  we need to study about Asian Culture? If you look at the countries that form the Asian continent, they are as diverse and fascinating as you can get. The continent includes giant nations like China, India and Turkey – and is home to historically-rich countries like Japan, Korea and the Philippines. The Middle East is an area rich in culture and natural resources, and is the theological homeland for all three of the world’s largest religions, which are found in this area. In fact, Asia is the birthplace of most of the world’s religious and philosophical thought. As far as culture is concerned, there is nowhere more fascinating and diverse on earth. From the mountain-tops of Tibet to the sand dunes of Saudi Arabia, Asia is home to a host of really important cultures. 9-What are the advantages and disadvantages of city living? There are many advantages living in a city. Living in a city is very convenient. There ara many important things for life such as cloths, furniture and health care here. There are better choices because there are more shops. We can also choose an expensive or cheap things that suit to our budget. Living in a city can makes chances of getting a proper education because we can go to a better school, colleges or universities. Most of the good and famous universities are situated in big cities. It is also easier to find chances of getting a good job and of course a good salary if you choose to live in a big city. A big city has more opportunity to find job with good salary as there are many companies, corporations and businesses. The facilities are also good. During emergency, we do not have to be transferred to other hospital as we need only short time to get to the hospital. In addition, living in city, we can enjoy the best entertainment. There are many entertainment for our family. Furthermore, we can also enjoy many kinds of food as there are many restaurants in city. The public transportations in city are always better than the one that we have in the rural area. We can choose transport like busses, LRT or monorail which the rural area does not have. These will reduce our expenses.

Analysis of Soldiers Home by Ernest Hemingway Essay

The story, A Soldiers Home, is about a man in conflict with the past and present events in his life. The young man’s name is Harold Krebs. He recently returned from World War 1 to find everything almost exactly the same as when he left. He moved back into his parents house, where he found the same car sitting in the same drive way. He also found the girls looking the same, except now they all had short hair. When he returned to his home town in Oklahoma the hysteria of the soldiers coming home was all over. The other soldiers had come home years before Krebs had so everyone was over the excitement. When he first returned home he didn’t want to talk about the war at all. Then, when he suddenly felt the urge and need to talk about it no one†¦show more content†¦By reading the story we know Harold no longer feels at home anymore. He has been traumatized by life and death situations that his parents simply do not understand. We know that he has changed because he f eels he no longer fits in. In the story, we find out Krebs attended a Methodist college in Kansas. He was not out of place during that time. Hemingway says, â€Å"There is a picture which shows him among his fraternity brothers, all of them wearing exactly the same height and style collar.† (185) Hemingway is telling us that by stating that Harold once fit in the town. He fit in with his friends. He is meaning in the story that most soldiers are traumatized by the war, and when they return they are different people. Hemingway gets his across of soldiers before and after in the story by setting and characters. The setting is in Oklahoma. It shows that Harold was in World War 1 in Germany, and when he was in college in Kansas. By him showing us the different settings we can see how Harold acted in the different places. The setting helps the reader understand what Hemingway’s point is. The characters in this story help the reader understand the point as well. The protagon ist character Harold Krebs went off to fight and came back and felt way out of place. The antagonist character his mother, is the one who doesn’t understand what he has been through, but pushes him to settle down and get aShow MoreRelatedSoldiers Home By Ernest Hemingway Analysis785 Words   |  4 Pagesyears in the frontline of World War 1 to a boring everyday life in a small Oklahoma town can be challenging. Ernest Hemingway’s character, Krebs, has a more difficult time adjusting to home life than most of the other soldiers who had returned from the war. The other men from the town who had been drafted were all welcomed respectably on their return. Krebs on the other hand, returned to his home in Oklahoma years after the war was over. When he returned, the greeting of heroes was already over. He expectedRead MoreAnalysis of Literary Devices in Soldiers Home Essay951 Words   |  4 Pagesâ€Å"Soldier’s Home by Ernest Hemingway Ernest Hemingway â€Å"Soldier’s Home is an outstanding short story that shows the tragic impact of war on the life of a young soldier who returns home. The story paints a vibrant picture of a soldier’s life after coming back from a shocking experience. Hemingway shows impacts of war on a soldier with the main character being Harold Krebs, who faces hostility in his hometown after his return from fighting in the war. The main character in the story is Kreb withRead MoreA Soldiers Home Setting Analysis Essay examples707 Words   |  3 PagesOctober 2012 A Soldier’s Home: Setting Analysis In Ernest Hemingway’s short story â€Å"A Soldier’s Home†, Krebs, a soldier, returns to his hometown from fighting in World War I. As indicated throughout the story, â€Å"home† for Krebs is not unlike the war front: confusing, complicated, and restless. Hemingway uses the setting in Kansas, during World War I, to convey Krebs post-war life in comparison to his pre-war. The title â€Å"Soldiers Home† reveals the question; where is the soldier’s home? In the shortRead More Comparing Loss of Self in Soldiers Home, Pauls Case, and Bartleby1442 Words   |  6 Pagesof Self in Hemingways Soldiers Home, Cathers Pauls Case, and Melvilles Bartleby the Scrivener  Ã‚     Ã‚  Ã‚   Hemingways Soldiers Home, Cathers Pauls Case, and Melvilles Bartleby the Scrivener all present a loss of self. These stories prove that there is a fine line between finding ones self and losing ones self. I believe this loss can occur at any age or station of life. This idea is seen in each storys main character. Hemingways Soldiers Home depicts a young man in his earlyRead MoreLiterary Analysis of a Very Short Story2462 Words   |  10 PagesA very short story by Ernest Hemingway. Title: A very short story Author: Ernest Hemingway (1899-1961). Source: CAPPELEN DAMM AS, Oslo 2008 – Access to English literature, VG3. Anthony, Burgess, Mikkelsen amp; Sà ¸rhus. Chapter 1, page 23-24. Setting. A lot of geographic places are mentioned in the short story, as the characters move around, however the most important part of the story is set to Padua, in northern Italy. The story is about an Italian woman, Luz, and an American