International Accounting Standards Board Relevance

Introduction The ‘International Accounting Standards Board (IASB) develops relevant standards for different accounting practices’ (Saudagaran 2011, p. 27). The IASB also promotes the application and use of different accounting standards. This agency identifies, develops, supports, and approves various International Financial Reporting Standards (IFRSs).Advertising We will write a custom report sample on International Accounting Standards Board Relevance specifically for you for only $16.05 $11/page Learn More The IFRS Foundation monitors the operations and activities of the IASB. The IASB has been developing and promoting new IFRSs in an attempt to change the nature of accounting. This discussion explores how the IASB has become less relevant and representative today. How Representative and Relevant is the IASB? Many corporations and accountants are currently criticizing the role and relevance of this agency (Harper et al. 2012). For instanc e, the IASB released new accounting standards between 2011 and 2014. Such standards have the power to change the manner in which corporations record their revenues. According to Zeff (2012, p. 812), ‘such standards will force companies to speed up the rate of revenue booking’. These practices will also defer revenues. This approach can also result in new accounting scandals or frauds. The issue of Revenue Reporting (RR) is another source of controversy. This is undeniable because it is impossible to establish when a company gets its revenues. The other issue arises from the use of International Financial Reporting Standards. This practice will have numerous implications on many companies and countries. For example, ‘the new standards will affect revenues because companies will have to examine the implications of different taxation laws’ (Harper et al. 2012, p. 469). These new changes do not examine the implications of different trade-offs and political inte rferences. These standards will ensure every company loses its quality. This development ‘will also increase the costs of capital’ (Saudagaran 2011, p. 59). The above situation explains why these new changes might not produce the targeted goals. Every market has its economic frameworks and factors. This fact explains why such international standards will have numerous impacts on different markets (Zeff 2012). Those who are opposed to the transparency of the original standards might not get the best results. The best practice is focusing on new accounting practices that have the potential to produce positive results.Advertising Looking for report on accounting? Let's see if we can help you! Get your first paper with 15% OFF Learn More These new accounting standards ‘have the potential to make the earnings of companies more volatile’ (Danjou 2014, p. 4). The standards will encourage more accountants and companies to change the time when they ear ned their revenues. Companies might incur numerous costs in an attempt to provide the required financial disclosures. The new practice will become extremely difficult for more companies. Most of these new rules will complicate the lives of different accountants and managers. As mentioned above, these new IASB accounting standards are detestable. The agency’s main goal was to identify new standards that can produce uniform accounting practices. However, this new move has not yielded much fruits. This is the case because such changes are currently under attack. This situation explains why the IASB has become less relevant today (Danjou 2014). This is the case because the new composition and governance of the IASB fails to consider the issues affecting different markets, regions, and companies (Zeff 2012). Conclusion The agreeable fact is that the IASB has been critical towards producing and supporting the most appropriate accounting principles. However, this idea of convergence will affect many corporations in different corners of the world. This problem explains why the agency should identify new changes. This approach will be critical towards making the IASB more relevant and representative. List of References Danjou, P 2014, An update on international financial reporting standards (IFRSS), https://www.ifrs.org/. Harper, A, Leatherbury, L, Machuca, A, Philips, J 2012, ‘The Impact of Switching to International Financial Stands on United States Businesses’, Journal of International Education Research, vol. 8, no. 4, pp. 467-472.Advertising We will write a custom report sample on International Accounting Standards Board Relevance specifically for you for only $16.05 $11/page Learn More Saudagaran, S 2011, International Accounting: A User Perspective, CCH, New York. Zeff, S 2012, ‘The Evolution of the IASC into the IASB and the Challenges it Faces’, The Accounting Review, vol. 87, no. 3, pp. 807-837. 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Movies on filmmaking essays

Movies on filmmaking essays Two films that show the ups, and more often the downs of filmmaking are 8 Â ½ by Fellini and Day for Night by Francios Truffaut. The films follow around the crew and cast who are in the process of filming a movie. What is of most interest are the difficulties movie producers and writers grapple with, even the exaggerated problems that could only happen in movies. Both films have their similarities and differences in film content and methods of filming which we will discuss. One important characteristic of filmmaking in both movies is the difficulty, the problems, and sometimes the solutions that filmmakers come across. I say sometimes because sometimes theres nothing you can do which can eventually lead to the closing of production as we see in 8 Â ½. In 8 Â ½ there are not to many production problems but only because the director Quido wont give anyone a script or tell anyone what the movie is about. Towards the end of the film you come to realize that the film is somewhat of a documentary of his life, and at the same time a documentary about the difficulties a director faces when under pressure. In actuality most of the problems in the move seemed to be personal problems, Like that between himself, his wife Luisa and his mistress Carla; not forgetting Quidos crazy dreams and flashbacks that just make the movie even more confusing then it already is. Day for night has a different set of problems, unlike 8 Â ½ many of the problems are occurring during production, and not limited to one person but instead much of the cast and crew. Granted some of the problems are a little more realistic than others. For example, in one scene you see the crew trying to film a cat drinking milk and we must sit through it along with the crew who try repeatedly to get the cat to drink. That is a relatively realistic example compared to the lead actor who is going out with the script girl only to b...

Legislator Letter & Outline Summary (2 parts to assignment) Coursework

Legislator Letter & Outline Summary (2 parts to assignment) - Coursework Example For instance, when there are more health personnel to handle the patients’ issues, it means more people will access the vital health care service and reduce time wasted waiting to for services. My intent to write to you is because I know you have a significant influence toward the amendment of this bill; thus, I urge you to support the bill and bolster healthcare service delivery. The residents of Boston will for sure benefit from improved services due to an addition of more APRNs and physicians. For example, section 3401 of the H. R. 1907 bill suggests that there shall be a minimum number of nurses required regarding hospital staffing (NARA, 2014). The case will ensure that all hospitals will have a minimum number of healthcare personnel that serve patients. Therefore, I am requesting you to support Bill H. R. 1907 to enable more healthcare professionals into the healthcare system to strengthen delivery of the services.I will appreciate your support of this bill since it will permit a considerable access to quick, quality, and safeservices Thank you for taking your precious time to read my letter and I hope you will support this H. R. 1907 bill to enhance healthcare service delivery in our state. I am looking forward to your response regarding the bill. Thank you once again. There was no response to my letter. Assumedly, this happened because the letter failed to detail on a planned visit to the local or Austin. For future contact with the legislator, I prefer planning and writing the letter in time to allow for a prompt reply. Besides, it is important to prepare for a physical visit and interact on a personal basis with the policy maker. My reaction towards the issue of writing letters to the legislators is to know why some letters go unanswered yet they may be having excellent suggestions that can help to enhance healthcare system within the country. Assuredly, it was exciting to compose a letter that would establish imperative