How Developing Economies Have Adopted to Globalization Free Essay Example, 4750 words

The sixty-three countries classified as low-income are the most vulnerable: almost all countries in Africa, the most populated countries of Asia and South Asia, which account for 3.5 billion of the world s 5.9 billion people. The poor people in 94 middle-income countries are also marginalized by globalization. Governance is defined as the controlling, directing or regulating the influence of the set of institutions and policies that determine the functioning of an economy and society (ILO, 2003: 1). The concept covers not only political authority and the role of government, but also includes the role of economic and social institutions that form the foundations of an economy. Social partnerships are essential between these institutions which function on both formal and informal norms and rules that are followed by non-governmental agencies such as employers organizations, trade unions and non-governmental organizations (NGOs). A social partnership which is an important part of go vernance refers to collaborative relationships between governments, employers and workers organizations to achieve mutually agreed economic and social objectives. Some significant challenges of globalization are successfully confronted by a social partnership, such as increased international competitiveness, economic reform, social protection and requirement for adjustment, economic shocks and crises, and equitable sharing of the benefits of globalisation (ILO, According to the ILO (2003: 1), for enhanced social impact from globalization, it is now widely recognized that good governance is a prerequisite for successful development .We will write a custom essay sample on How Developing Economies Have Adopted to Globalization or any topic specifically for you Only $17.96 $11.86/page

Argumentative Essay Huck Finn - 958 Words

Argumentative Essay: Should The Adventures of Huckleberry Finn be taught in school? Daniel Perez Period 1 10/30/14 The Adventures of Huckleberry Finn is a novel based on the journey Huck, a young boy with an abusive father, and Jim, a runaway slave, have down the Mississippi River to Free states for an end goal of freedom. Freedom means different things to both of them, to Huck freedom means to be able to do what he wants and not be â€Å"sivilized†, while Jim’s definition of freedom is being able to live in peace with his wife and children. While on their journey to freedom they develop a caring unusual friendship. There is a great deal of controversy over whether or not The Adventures of Huckleberry Finn should be taught in†¦show more content†¦Although this is true students are aware that it is not accepted in society and when they see it accepted in the novel they start to believe it is fine to say racial slurs in the â€Å"real world†. Even though some of the more mature and sophisticated can understand the role of racism in this book most students will interpre t it another way making it a good reason why Huck Finn should be taught in a higher level of education. Racism is definitely a big deal in modern day America, society has tried to take on the seemingly impossible task of annihilating racism altogether in past couple of years. The problem with this novel is that it has a presence of racism towards Jim and the whole community of blacks. â€Å" Your teacher will say straight off the bat that Mark Twain was not a racist; that his masterpiece is a story of reconciliation between the races and that it is filled with irony, riveting narrative, and revolutionary use of dialect†(Tori Morris). The portrayer of Jim is one of the most racist aspects about the novel, Twain describes Jim as he saw black slaves: Jim has big lips, big eyes, and bear-like features, he is naà ¯ve, uneducated and ignorant. The stereotyping of Jim infuriates people like Tori Morris who believe the stereotyping is irritating â€Å"When was the last time your white peers read a classic that stereotyped their kind† (Tori Morris). . Critics say that Twain used a technique of incorrect grammar and a different dialect for Jim toShow MoreRelatedHow To Write Literary Analysis4174 Words   |  17 PagesHow To Write Literary Analysis The Literary Essay: A Step-by-Step Guide When you read for pleasure, your only goal is enjoyment. You might find yourself reading to get caught up in an exciting story, to learn about an interesting time or place, or just to pass time. Maybe you’re looking for inspiration, guidance, or a reflection of your own life. There are as many different, valid ways of reading a book as there are books in the world. When you read a work of literature in an English class

Media effects Free Essays

Information is the root of actions and becomes more important in this information age. The importance of information has even doubled, tripled, or even infinite as people in this age understand the necessities to learn about incidences in other part of the world and become more knowledgeable to use appropriate information for their advantages. As the sense of knowing give reasons and confidence to act towards issues, information, if delivered truthfully, can be the instruments of great deeds. We will write a custom essay sample on Media effects or any similar topic only for you Order Now In contrast if the information is manipulated it will lead people to disastrous wrongful acts. Televisions, newspapers, magazines, radios and the internet are public sources of information in which we can find out what happened in the world. The media, therefore, have been trustworthy sources of information, which is now seriously questioned since most of them do not truly inform readers about the truth, but tend to create public opinion that the sources want, driven by their political concerns. This is true since nowadays, politic, in its nature is capable to influence and control everyone’s life and lifestyles, and has always in the spotlight. As society gets wiser, attention on politics has never been this scrutiny. With very powerful people or party played their hands in it, politics has been one of the strongest reasons why the role of media as a trustworthy messenger is questioned. In line with the idea, Lynden Johnson says that †reporters are puppet, they simply respond to the pull of the most powerful strings.† How Powerful Is Media? Mc Combs and Shaw in their book the Emergence of American Political Issue, state that today’s media have the powerful function to organize how the world looks for us. They might not successfully control our minds, but they are undeniably capable to â€Å"direct† our everyday thoughts. In similar tone, Shanto Iyengar and Donald Kinder in his book News That Matters, says that by paying attention to one issue and neglecting others, television is able to decide what American believed to be the most important issue to think about. For instance, Israel – Palestinian lifetime conflict has been America’s most important concerns in 2003, and judging from the nature of the issue (e.g. atrocities, suicide bombing, etc), it is newsworthy, but as the media turn their focus to the Iraq war, Schwarzenegger’s governor election and the California Wildfires, the Israel-Palestinian issue is somehow diminished, although the debacle is not even approaching a win-win solution (â€Å"Anti Propaganda Watch†). Framing, Priming and Agenda Setting Framing is the process of making a â€Å"meaning† out of incidents or stories. In the effort of building a line of comprehension between journalists and the readers, the frames are often drawn from. It is said to often chosen unintentionally. As an example, when a journalist is making a story about the high rising rate of poverty in a state, he or she will have to do what is called thematic framing, which means that eventually, a connection will have to be made between the increasing rate of poverty and the state government’s policies. While in periodic framing, the routine nature of the story derive journalists to put the blame on individual   actors, preventing audience from making a generalization of the stories (Scott London). Priming is done when a journalist gives an extra weight onto an issue or an opinion, allowing people’s mind to have a change in their opinion. This is usually done by giving extra amount of coverage, making an issue salient while others not. Agenda Setting is even more conspicuous than the two terms we have mentioned before. It is a process of giving a certain theme over incidents that happens in a coverage area. By using materials that are sensitive to society, journalist can properly â€Å"put in ideas on people’s head†. For example, research shows that a single exposure on a violent crime-related news can heightened people’s fear of being victimized, which then gave the idea that violent crime is a very important issue (Media Effects). One of the most attractive issue on priming and agenda setting is the LA Times anti-Israel Propaganda. In the join the boycott website, there are enough reasons to make visitors of the site hate the LA Times. According to the website, the boycott is due the intolerable bias on news coverage relating Israel-Palestinian ‘endless’ debacle. Furthermore, it shows that LA times has done all of the three forbidden acts of journalism we have addressed before. In article titled Female Bomber kills 4 at Gaza Border, LA Times showed the humanities of the female self-bomber by discussing about her children and how much she loved them. The picture showed an Israel soldier holding a gun in front of a crowd of Palestinian worker. In addition, an article titled Two State Solution Sells Palestinians Short at LA Times, the website claims that LA Times has priming the atrocities of Israel and paying little attention to Israel victims of Palestinian’s atrocities. Those are only a few examples of the LA Times bias, displayed by the website (â€Å"LA Times anti-Propaganda Watch†). Conclusion The role of media in our society is unbelievably important. Truthful coverage is always a worthy achievement. Politics does not come in the form of campaigns, elections, and the affairs of big government, but also the press as mind setters of the society. Paul Light stated that what media does is supplying what is considered to be important, even if they provide good substance and analysis; they have no control upon viewer’s choices of what they want to see. However, the audiences still have absolute control to choose what they want or do not want to value what journalists distinguish as important. Nevertheless, the psychological implications of framing, priming and agenda setting are less significant. The existence of a picture and the atmosphere of the language can be a gentle but powerful way to alter opinions to the preferred direction. Bibliography â€Å"How Public Is the NPR?† Retrieved March 19, 2005 from http://www.reclaimthemedia.org/stories.php?story=02/05/17/2036384 Iyengar, Shanto. â€Å"Media Effects.† 1998. Retrieved March 19, 2005 from â€Å"LA Times Israel anti-propaganda Watch.† 2004. Retrieved March 19, 2005 from www.geocities.com/truthmasters/watch04-1.html London, Scott. â€Å"How Media Frames Political Issues.† 1993. Retrieved March, 19 2005, from http://www.scottlondon.com/reports/frames.html How to cite Media effects, Essay examples

Newsletter and Financial Statements

Question: Discuss about The regulatory environment and financial reportin and Analysis of financial statement. Answer: The regulatory environment and financial reporting We are pleased to present the newsletter to you, which bring forth the current development in financial sector and other associated updates. The outsourcing function is a trending phenomenon that has been currently catching pace with different business function like accounting HR, finance, IT roles, customer-oriented services and a lot more. As a consequence the presentation of major key function is also assigned by companies to a third party service administrator. Discussing and drawing lights on the above subject and other essential associated topic have been elaborated below: Current Jurisdictive Instruments Wholly Owned Companies (ASIC Instrument 2016/785) As per the Corporation Act 2001 part 2M.3, it is mandatory for companies (other than small proprietary entities) to reveal the information regarding entities and listed investment schemes and the same shall be organized and stated in the Auditors report, Directors report, Income Expenditure statements, Balance sheet and all other financial statement. The wholly owned companies are relieved from signing of contract with holding entity or any other contract delivering cross guarantees and also this act satisfies any other prescribed clauses as well. For any other subsequent information acknowledging details regarding wholly owned entities the Australian Financial Reporting Manual can be studied. Proprietary Entities Audit (ASIC Instrument 2016/784) According to ASIC Instrument 2016/784 CO 98/1417 has been amended but with minor alterations. Wherein the management of large proprietary entity or any undersized proprietary entity is done by an overseas corporation it is obligatory for them to lodge and get it in order with ASIC in Directors Report, Auditors Report and other financial statements within four months period. As per the Corporation Act 2001, section S319 (3), the four-month period shall begin from the closure of accounting year of the entity. AASB 112 (Australia Accounting Standard Board) The Assessment of Unrealistic losses for computation of Deferred Tax Assets has been altered to AASB 112 of Income Tax Act (July 2004) and AASB 112 Income Taxes (August 2015) for stating the assessment of unrealized losses in deferred tax assets on the debt instruments which is being computed at the fair value. Inclusion has been made in paragraph 27A, 29A and 98H and alteration to paragraph 29. This standard is significant for that computation relevant to FY on or after 1st Jan 2017. The further details of the same can be seen on www.aasb.gov.au. Amendment to the AASB 9 in relation to financial instruments and AASB 15 gains from contracts with customers As per the Standardized authority-executing assistance for NPO (not-for-profit organization) into AASB 15 and AASB 9 is mandate. The guidance served shall assist NPO in applying standards towards the specified transactions or any other events. The amendment in AASB 9 shall signify the foremost measurement and delivering of non-contractual receivables occurring as a result of statutory requirement. It includes rates, taxation and overall charges. Moreover the amendment to AASB 15 is indicative of the accounting in association with the customers a) recognizing the contract with customer b) recognizing performance obligation c) allocation of transacting amount to performance obligation. The standard is applicable on or after 1 January 2019 but maybe applicable on any previous date as well. AASB 101 In accordance with the provisions of AASB 101, companies are required to prepare their financial statements by considering guidelines of general purpose financial statements. By complying this standard, thecompany will be in aposition to ensure that financial statements are inter and intra comparable (Cameron, 2014). Provision of this standard specifies standards and format for the preparations of financial statements. Further, it covers description linked to acknowledgement, therevelation of accounting information and calculations of accounting transactions and related aspects. Analysis of financial statement of KoolKlothes Ltd as at 30th June 2016 By considering the asset side of balance sheet, it can be noticed that all assets are in accordance with the provisions of AASB 101 except recording of investment in listed shares, intangible assets and Plant, Property and Equipment. It is because; Para 68A of AASB 101 states that plant and property are required to be shown at net carried value on assets side and notes to account should be provided for detailed description but same has not been followed by thecompany. Trainee accountant has made themistake that accumulated depreciation is shown in liabilities side which is not as per AASB 101. Para 68C of AASB 101 shows that intangible assets are required to be shown separately and not to be clubbed with other assets (Henderson, S., Peirson, G., Howieson). Advertisement costs shown on thebalance sheet is part of theincome statement as it is an expense instead of capital expenditure. The Same provision has been cited in Para 88 of AASB 101. The liability side of balance sheet shows that disclosure of provisions has been provided on anindividual basis which is not correct as it is to be shown under asingle head. Expenses covered under AASB 137 can be adjusted in against of related compensation (Carey, PotterTanewski, 2014). An example of such expenses is amount reimbursed undersuppliers warranty contract. In addition to this, provisions related to warranty should be reduced from account balance, and net value should be disclosed, but the same has not been followed. It shows clear contradiction of Para 68(k) of AASB 101. Another problem is an incorrect presentation of retained earnings. As per Para 68 (p), retained earnings should be shown under the column of equity, but in the presentcase, it is shown under liabilities side. Provisions of doubtful debt are shown by reducing the amount from account receivables, but in the presentcase, it is shown in liabilities which shows incorrect representation. Another mistake is in the presentation of Current and Deferred Tax liabilities as it is not presented on the basis of nature of the account. By considering the above analysis, it can be noticed that prepared financial statements by trainee accountant are not as per provisions of AASB 101. Thus, trainee accountant is required to improve their understanding of accounting provisions and make above-described changes to provide financial reports as per the guidelines of the general purpose of financial statements. References Alam, Z., Rashid, K. (2014). Corporate financial reporting on the internet: A survey of websites of listed companies in Pakistan. IUP Journal of Corporate Governance, 13(3), 17. Birt, J., Rankin, M., Song, C. L. (2013). Derivatives use and financial instrument disclosure in the extractives industry. Accounting Finance, 53(1), 55-83. Cameron, R. A. (2014). Applying the Materiality Concept: The Case of Abnormal Items.Cengage learning. Carey, P., Potter, B., Tanewski, G. (2014). Application of the reporting entity concept in Australia. Abacus, 50(4), 460-489. English, D. M., Schooley, D. K. (2014). The Evolution of Sustainablty Reporting. The CPA Journal, 84(3), 26. Henderson, S., Peirson, G., Howieson, B. (2015). Issues in financial accounting. Pearson Higher Education AU.