Japan Westernization Paper Essay Example for Free

Japan Westernization Paper Essay Prompt: Discuss possible reasons why Japan was the only non-western state to nationalize and win recognition as an equal and how it managed to accomplish this in a mere half century. Thesis: Being aware of recent Western invasions in China, Japan had recognized the need to transform their institutions and its society, therefore, Japan embraced nationalism. By 1649, Japan had shut down contact with the European world with the exception of a Dutch outpost on Deshima Island in Nagaski harbor (this outpost however, was only allowed to receive one ship all year). The Japanese also allowed the Chinese to trade at Nagasaki (only under severe restrictions) and Korea could trade through the islands of Tusushima. Other than this however, Japan was isolated. In 1853, the U.S sent Commodore Matthew Perry (with 3 steam frigates) to force Japan into opening its ports to trade. Japan had lacked the technology to fight against the U.S and the European powers that soon followed. Slowly (while being under pressure however), Japan opened more ports granted extraterritorial rights and where able to determine Japan’s tariff polices. Like China, Japan seemed to be getting controlled by the European powers. However, young, vigorous leaders took control of the government of Japan forcing a dramatic reconstruction of the nations polices, administration, class structure, economy, technology and culture. These leaders tended to be young samurai warriors in the han (feudal estates) of Choshu and Satsuma. The samurai were able to employ some of the technological information introduced by the Dutch from their station in Nagasaki harbor (the shogunate had established an office for translating Dutch material in 1811) and by 1840, some of the Japanese were already casting Western guns and artillery. A new leader, Sakuma Zozan (one of the advocates of adopting Western military methods) believed that opening the country was necessary and beneficial. However, not everyone had agreed. In 1860 a group of samurai (from the conservative han of Mito) argued a different opinion and eventually, Mito loyalists assassinated Sakuma. In 1868, forces of Choshu and Satusma (along with several more remote hans) took control of the emperor’s palace in Kyoto and declared the end of shogunate. The emperor was put back into imperial power.

Drugs in Our Society Essay -- Drug Drugs Narcotics Essays

Drugs in Our Society With the use of drugs being such a controversial issue in today’s society we felt as a group it was important to further explore this issue. As we possess a high interest in how drugs affect a number of social groups. These groups of course range from young teens to high-class older individuals who will have different reasons and different acceptable standards of behaviour.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  The question that is being explored in our presentation asks what drugs are doing to our society. This means exploring the various groups that use recreational drugs their reasons for this the effects that drug use has and the methods to help prevent and stop use of drugs. By recreational drugs we mean such substances as marijuana and heavier more addictive drugs as heroin and cocaine. For which the use of these has increased throughout society over time.   Ã‚  Ã‚  Ã‚  Ã‚  Recreational drugs are not limited to any particular group in society meaning that a very wide variety of people choose to use these drugs these of course include teenagers, parents, business people and often very dedicated students for a number of reasons. For a long time the common misconception that only youths use drugs and those who do are disrespectful and dishonest has become out dated and inaccurate. Teenagers can use drugs and there are certainly individuals who do who are disrespectful and dishonest however this is more likely to do with an individual’s personality than their use or experimentation of drugs.   Ã‚  Ã‚  Ã‚  Ã‚  The survey we conducted showed that most people believed it was more common for youths in the 14 to 22 age group to use recreational drugs. This was closely followed by the 23 to 30 age group, while the 13 and under age group was considerably further behind. The survey question that followed indicated that people also believed that drug users were irresponsible and inconsiderate. This slightly supports the misconception that teens are more likely to be involved with recreational drugs.   Ã‚  Ã‚  Ã‚  Ã‚  The reasons why people choose to use drugs will differ from group to group. While for many the use of drugs serves as an escape from the stresses of everyday life for others it is exactly used as it is called for recreational purposes. People also take drugs to feel happy and relax. The major reason among is still believed to be that of peer pressure, often teens feel the need t... ...ociety we live in to regards drugs as acceptable but to what extent is this true. Society is not against what it can’t see. When people are dependant on a drug then their behaviour reveals to those around them what they are doing. This makes the world and society assume that all drugs and all drug users fit the typical stereotype. When someone is addicted to drugs society may not be directly affected but are very affected in the long run. The most direct way society is affected by drugs and their users is through the employment and criminal statistics. Employment is very much a problem for an addicted person and statistics show people desperate for drugs can commit crimes in order to get money to support their habit. This disrupts the whole idea of social cohesion only making chaos and producing prejudice attitudes. So just how are drugs affecting society. They affect society by overtaking the users life and the user therefore neglects their responsibilities of the society in which they live and breaching the acceptable standards of behaviours. Recreational drugs are a serious issue that must be dealt with help society progress further for the benefit of the next generation.   Ã‚  Ã‚  Ã‚  Ã‚   Drugs in Our Society Essay -- Drug Drugs Narcotics Essays Drugs in Our Society With the use of drugs being such a controversial issue in today’s society we felt as a group it was important to further explore this issue. As we possess a high interest in how drugs affect a number of social groups. These groups of course range from young teens to high-class older individuals who will have different reasons and different acceptable standards of behaviour.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  The question that is being explored in our presentation asks what drugs are doing to our society. This means exploring the various groups that use recreational drugs their reasons for this the effects that drug use has and the methods to help prevent and stop use of drugs. By recreational drugs we mean such substances as marijuana and heavier more addictive drugs as heroin and cocaine. For which the use of these has increased throughout society over time.   Ã‚  Ã‚  Ã‚  Ã‚  Recreational drugs are not limited to any particular group in society meaning that a very wide variety of people choose to use these drugs these of course include teenagers, parents, business people and often very dedicated students for a number of reasons. For a long time the common misconception that only youths use drugs and those who do are disrespectful and dishonest has become out dated and inaccurate. Teenagers can use drugs and there are certainly individuals who do who are disrespectful and dishonest however this is more likely to do with an individual’s personality than their use or experimentation of drugs.   Ã‚  Ã‚  Ã‚  Ã‚  The survey we conducted showed that most people believed it was more common for youths in the 14 to 22 age group to use recreational drugs. This was closely followed by the 23 to 30 age group, while the 13 and under age group was considerably further behind. The survey question that followed indicated that people also believed that drug users were irresponsible and inconsiderate. This slightly supports the misconception that teens are more likely to be involved with recreational drugs.   Ã‚  Ã‚  Ã‚  Ã‚  The reasons why people choose to use drugs will differ from group to group. While for many the use of drugs serves as an escape from the stresses of everyday life for others it is exactly used as it is called for recreational purposes. People also take drugs to feel happy and relax. The major reason among is still believed to be that of peer pressure, often teens feel the need t... ...ociety we live in to regards drugs as acceptable but to what extent is this true. Society is not against what it can’t see. When people are dependant on a drug then their behaviour reveals to those around them what they are doing. This makes the world and society assume that all drugs and all drug users fit the typical stereotype. When someone is addicted to drugs society may not be directly affected but are very affected in the long run. The most direct way society is affected by drugs and their users is through the employment and criminal statistics. Employment is very much a problem for an addicted person and statistics show people desperate for drugs can commit crimes in order to get money to support their habit. This disrupts the whole idea of social cohesion only making chaos and producing prejudice attitudes. So just how are drugs affecting society. They affect society by overtaking the users life and the user therefore neglects their responsibilities of the society in which they live and breaching the acceptable standards of behaviours. Recreational drugs are a serious issue that must be dealt with help society progress further for the benefit of the next generation.   Ã‚  Ã‚  Ã‚  Ã‚  

Computer Crimes Ethics

March 17, 2013 March 17, 2013 David Miller: Portrait of a White-Collar Criminal David Miller: Portrait of a White-Collar Criminal Christine Quinones business info systems with lab Professor williams devry university Christine Quinones business info systems with lab Professor williams devry university Table of Contents How does Miller fit the profile of the average fraud perpetrator? How does he differ? How did these characteristics make him difficult to detect?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 3 Explain the three elements of the opportunity triangle (commit, conceal, convert), and discuss how Miller accomplished each when embezzling funds from Associated Communications. What specific concealment techniques did Miller use?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Page 3 What pressures motivated Miller to embezzle? How did Miller rationalize his actions?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Page 4 Miller had a framed T-shirt in his office that said, â€Å"He who dies with the most toys wins. † What does this tell you about Miller?What lifestyle red flags could have tipped off the company to the possibility of fraud?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Page 5 Why do companies hesitate to prosecute white-collar criminals? What are the consequences of not prosecuting? How could law enforcement officials encourage more prosecution?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Page 5 What could th e victimized companies have done to prevent Miller’s embezzlement?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 6 David L. Miller: Portrait of a White-Collar Criminal Question 1:How does Miller fit the profile of the average fraud perpetrator? How does he differ? How did these characteristics make him difficult to detect? Mr. Miller is a very sad case. He has all the qualifications of a stellar employee, but those traits are only there to mask who he truly is. He fits the average profile for the average fraud perpetrator because of the following: * The vast majority of fraud perpetrators spend everything that they steal. Only a very small percentage invest the money. Mr.Miller spent all the money and thus it explains why he stole from a new employer in order to repay the prior one. * Many white-collar criminals are stellar employees until that very moment when they are caught. They are always eager, work many days and long hours and are reliable employees. * Employers viewed Mr. Miller as an honest employee and it was because of this trust that he was placed in positions of sensitivity. * Mr. Miller had the life and behaved in the manner of your average citizen and did not raise any flags. He was an educated family man with values and good psychological framework.Even though he has some of the same traits as your average fraud perpetrator, he was harder to spot because of the many ways that he differed. Mr. Miller was not unhappy nor was he vengeful towards his employer. He also had never been convicted of his prior transgressions, and there were various. Normally, most of the fraud perpetrators are first time offenders and not serial offender as Mr. Miller has proven to be. This type of character is very difficult to spot because they do not tend to stand ou t. White-collar criminals are very educated talented individuals and are the perfect employee.No one would think that they would be capable of such deviant behavior. These people are placed in position of trust are usually work very hard and long hours for the employee. It is sad because there are many employees who possess these traits, but are truly honest and have the company’s best interest at heart. Question 2: Explain the three elements of the opportunity triangle (commit, conceal, convert), and discuss how Miller accomplished each when embezzling funds from Associated Communications. What specific concealment techniques did Miller use?The three elements to the opportunity triangle are as follows: * Commit – for this instance the perpetrator commits the fraud by taking something that is of value to the victim. For corporations this could manifest itself in the form of money and the corruption of financial records in order to conceal the fraud. A great example of this was displayed when he was able to convince not one but two senior officers into signing various checks with the excuse of â€Å"in case something happens† to sway them into signing before they were to leave on vacation. Conceal – to conceal is to hide, so for this to occur the perpetrator must try to conceal their crime. Accounting must be kept in balance in order to avoid from being discovered. They normally do this by increasing other assets or decreasing corporate liabilities and or equities. I think about lying. It is often too easy to say one, but to conceal that lie takes skill and time and perhaps more lies. On one of Mr. Miller’s transgressions he concealed his fraud through doctoring of records and removal of checks. He concealed a particular theft by retrieving canceled checks from the bank and taking the recordings and destroying the evidence.Then to further conceal what he did, he hid the amounts of the money that he stole into other expense acc ounts in order to be able to reconcile the books. Internal controls are in place for a reason and just because someone is in a position of trust, these should not be ignored and for this particular occurrence they were overlooked due to too much trust. * Convert – normally to convert is to take something that is stolen and converting it to cash. This could occur in the form of inventory or company equipment. However, Mr. Miller did not do either of these. His crime was done more indirectly.Mr. Miller was able to forge checks to himself and deposit them within his personal account. Even though checks were signed by approved officers, the intended use for the check was not approved and constitutes fraud on behalf of Mr. Miller. Question 3: What pressures motivated Miller to embezzle? How did Miller rationalize his actions? I do not believe that Mr. Miller had a lot of pressures. However, he stated, after undergoing therapy that his problem was a disease and went as far as to co mpare it to alcoholism and gambling, but this to me is an excuse or a way to rationalize what he had done.He felt that he needed to steal and have all the luxuries to be liked by his peers; which is sad because he was liked, but not for the reasons he thought, but by his working capabilities. You know you are guilty of something if you have to rationalize what you are doing. I did not notice too many explanations other than Mr. Miller had to steal from his new employer in order to repay the old one. Nonetheless, I feel that he truly believed his own excuse that he was simply borrowing and not really stealing. Sometimes our rationalizations of our actions are so powerful that we can even fool ourselves.Question 4: Miller had a framed T-shirt in his office that said, â€Å"He who dies with the most toys wins. † What does this tell you about Miller? What lifestyle red flags could have tipped off the company to the possibility of fraud? I truly feel sorry for Mr. Miller. His life seemed to be centered around money and materialistic obsessions. That shirt and his behavior showed his desire for money and power, but above all to be recognized by friends and peers. In the end it was Mr. Miller’s extravagant way of living in comparison to his salary proved to be his undoing.When you have a salary of just $130,000 a year, you cannot afford the â€Å"toys† that he had. He had overall a large house, a condo on Myrtle Beach, tailored suits, monogrammed shirts, plenty of jewelry, gifts for relatives and above all the two Mercedes-Benz sedans that he just so happened to possess. In the synopsis there was no mention of his wife working, but with his salary and their 3 children, there was no reason for her to work and this logic is what led me to believe how his salary to possession ratio would raise a few red flags. Question 5:Why do companies hesitate to prosecute white-collar criminals?What are the consequences of not prosecuting? How could law enforcem ent officials encourage more prosecution? Even though we see in the news about CEO’s and CFO’s being prosecuted for fraud and embezzlement, in actuality, fraud against a corporation happens more frequently than one would think. The following are a few reasons why I feel that corporations are hesitant to prosecute white-collar criminals: * Lack of knowledge – many of the law enforcement agencies, attorneys or lawyers lack the knowledge in how to properly handle these types of cases.As technology use becomes ever so prevalent, the task is becoming more difficult as computers are a whole new playing field that is yet to be learned. * Aloofness by Society – unless the loss happens to you, society is more concerned with crimes of violence against another than monetary. The internal theft of funds within a corporation are seen as just that an internal problem. * Difficulty Prosecuting – unless you are lucky and have a confession from the perpetrator, lik e in Mr. Miller’s case to which he confessed in every event, you have a costly and lengthy case that will prove to be rather hard to prove.Prosecution can sometimes cost more than the theft itself and it is not seen as an incentive to prosecute. * Lack of understanding on what computer fraud really is. Computers and the internet are pretty new things and as such the laws and ways to prosecute are very vague and hard to understand. * Guilt on the outcome of the perpetrators family. Because Mr. Miller in every event promised restitution and had a wife with 3 children, the companies felt that prosecuting was heartless and they did not wish to cause harm to the family.One corporation, Crest even hired the attorney to represent Mr. Miller. * Negative shadow against the corporation – Companies do not like anything that could hinder their public image. Mr. Miller’s transgressions would cause a very public trial and a lot of investors would have been involved. This woul d have caused many to remove their investment. Overall, the corporation would suffer greatly. * Knowledge that their weaknesses would be exposed. Lack of trust in the internal controls or any discovery of weaknesses would have caused a lot of future damage against a corporation.People are creatures of trust and habit and once trust is broken, it is very hard to return and provide that trust again. This would hurt future business that the corporation would have. Look at Enron, AIG, and Bernie Madoff, to name a few. * My favorite of all would be those that are prosecuted and the outcome is favorable to the victim, the perpetrator gets very light sentences. Many go to minimum security prisons, work camps that have certain luxuries. Because of this many corporations do not even bother in spending the additional funds in prosecuting these cases.The above named are mere excuses and to not prosecute fraud causes more harm. It allows for the perpetrator to move on to commit fraud against an other corporation, like in Mr. Miller’s case. By having this exposure, corporations feel that they will feel that they will look to others as being weak and will encourage others to commit fraud against them. When someone is not punished for their transgressions that person will not learn and feel that they can get away with it again if they get caught. Law enforcement officials are stuck and all they can do is encourage others to come forward and report the offenses.Corporations need to know that if they take action that there will be a support system and their voices will not be lost. They need to be sure that the perpetrator will be convicted accordingly depending upon their transgressions. They need to be made an example of, so that the public know that this behavior is not tolerated and it is a serious offense that will be prosecuted to the fullest extent of the law. Question 6:What could the victimized companies have done to prevent Miller’s embezzlement? When I read the synopsis, I was looking for how Mr.Miller committed many of the frauds, but not much detail was revealed. However, the best way that the corporations could have avoided this was to have better internal controls and adhering to them. I would have prevented some of the thefts by doing the following: * Having better controls of the checks and the signing of checks. * Secondary looks at the monthly reconciliations and the bank statements. * Provide a list of all check deposits with the subsequent invoice explaining the reason for the expense. No employee should have the level of trust and freedom that Mr. Miller was given.There always needs to be a system of checks and balances in place in order to ensure and prevent this from happening. I can understand that these positions merit trust, but there should be a second person looking at the financials to curb any temptation for even the most honest to commit fraud. Had the first employer chosen to prosecute none of this would have happened. However, the future employers could have avoided all of this had they just bothered to do a more thorough background check on Mr. Miller. There they would have discovered the reasons for his separation from his prior employment.

Is Fair Value Accounting Really Fair - 1021 Words

For our project, we wanted to pick the topic, â€Å"Is fair value accounting really fair?† The first part of our presentation was simply explaining what fair value accounting is. This is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transactions. According to the Financial Accounting Standards Board, the price that would be received to sell an asset or price to transfer a liability in an orderly transaction between market participants at the measurement date is the idea behind Fair Value accounting. FASB came up with SFAS 157 to improve this accounting principle. Some of their objectives were to â€Å"provide a framework for fair value measurements, change the definition of fair value, elaborate on the concept of market participants.† In our presentation, we want to discuss how fair value accounting affects society in businesses. One example of how this effected society as a whole was the 2008 financial crisis. In this financial crisis, many companies were impacted but in particular AID insurance company faced a 11 billion dollar write down of debt before FASB introduced their new guidelines of SFAS 157. If this happened after these guidelines were passed, this company would have had a loss more like 900 million dollars. As a result, a company with trillion dollars of assets reported unrealized losses of tens of billions. Another area that was impacted was the American BankingShow MoreRelatedInternational Accounting Standards Codification System1414 Words   |  6 PagesIn 2006, the FASB issued Statement No. 157, â€Å"Fair Value Measurements† (SFAS 157), and in 2007 issued Statement No. 159. The objective of SFAS 157 is to increase the consistency, comparability and transparency of fair value measurements used in financial reporting by establishing â€Å"a single authoritative definition of fair value, a framework for measuring fair value, and fair value financial statement disclosure requirements†(http://www.iasplus.com/en/binary/usa/0808fairvalueupdate.pdf). In 2011,Read MoreDefining Fair Value Essay1280 Words   |  6 PagesRevalued amount is fair value at date of revaluation less subsequent accumulated depreciation and impairment losses (Touche, 2009). Canadian and U.S. GAAP use historical cost as the basis of measurement for property, plant and equipment (Touche, 2009). Revaluations are prohibited in both Canadian and U.S. GAAP (Touche, 2009). So what does that mean for companies not sure of what to choose or needs guidance? Even when a particular IFRS lacks guidance, the application of the IAS 8 Accounting Policies, ChangesRead MoreAccounting Research: Advantages of Cash Flow1720 Words   |  7 Pagesdependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors   -repayment of debts, overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash flow) * Shareholders amp; Auditors -cash flow accounting and reportingRead MoreClient Understanding Paper1223 Words   |  5 PagesTilley Running head: CLIENT UNDERSTANDING PAPER 1 CLIENT UNDERSTANDING PAPER 2 Client Understanding Paper In the course of normal business operations certain transactions require specific treatment in accordance with generally accepted accounting procedures (GAAP). To properly prepare financial statements, the analysis of working papers is imperative to insuring compliance. Clarification of why information is needed about adjusting lower cost of market inventory on valuation, capitalizingRead MoreChanges in treatment of goodwill due to IFRS 31152 Words   |  5 Pages Changes in treatment of goodwill due to IFRS 3 Paper On 19th November 2013 at the Berlin School of Economics and Law Study programme: Accounting and Controlling Matriculation year: 2013 Matriculation number: 412410 Semester: Winter semester Table of contents 1. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 2. Prior treatment of goodwill†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 2.1 Goodwill amortization†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 3 3. Goodwill after adoption of IFRS 3†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreIFRS TO GAAP Essay815 Words   |  4 Pageseven harder. IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed? The fair value measurements does provide the users who have the financial statements with correct picture of the value of the company’s assets. The IFRS and GAAP, demand firms to include information that is essential to fair value measurement practices in the notes of financial statements. It does not matter whichRead MoreEssay on Comparing Gaap to Ifrs787 Words   |  4 PagesIFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed? Fair value measurements have the power to provide users of financial statements with an accurate depiction of the value of the company’s assets. IFRS and GAAP are strict in the fact that they require the firms to include information regarding fair value measurement practices in the notes of financial statements. When followingRead MoreDiscuss the Difficulties Relating to the Recognition and Measurement of Intangibles Generally and of Brands in Particular.1236 Words   |  5 Pagesdiscussion. According to IAS 38, an intangible asset defines as â€Å"an identifiable, non-monetary asset without physical substance† including brand, computer software, patents and copyrights. As this typical asset has no physical substance, it is really difficult to recognize and measure it. This essay mainly aims to explain the difficulties to recognize and measure generally intangible assets especially the brand and some analyze refer to the Enigma example will be shown. An item cannot be anRead MoreEnron And The Enron Scandal1387 Words   |  6 Pagesthen formed into energy, commodities, and service company. Lay then hired Jeff Skilling as CEO; it was these two and a few other high-ranking executives that led to the failure of Enron. In short, Enron was losing money, but with the work of fancy accounting and taking advantage of free enterprise, reported huge false profits. This all came to a head in 2001 when Enron declared bankruptcy. From the employees perspective. When looking at the employees’ point of view on the scandal, we first start withRead MorePresentation Of A Presentation On The Presentation1001 Words   |  5 Pagesin to the conclusion. My first part in the presentation was to speak and provide information about our topic i.e. measurement, and mixed measurement approach that are commonly used in accounting, which are historical cost, current cost/replacement cost, fair value/realisable value, present value and deprival value (rarely applied). For the successful presentation, it is very important to clearly provide brief introduction to the topic/content to the audiences, as without the detailed introduction