similarities and differences between U.S. GAAP and IFRS Undeniably, the adoption of IFRS across the world remains one of the financial reporting issues of the 21st Century. Today, the majority of publicly-traded companies have adopted IFRS as the foundation or guideline for their financial reporting. Similarly, there has been a debate between the FASB and the IASB to converge the U.S. GAAP with IFRS. As a result, the acceptance of such convergence aimed to help auditors, financial analysts, and accountants understand the essential components of financial reporting. This paper describes the fundamental similarities and differences between U.S. GAAP and IFRS with a focus on employee benefits and share-based payments in the financial statements. The types of Employee Benefits Short-term or immediate benefits are employee benefits payable within twelve months of the accounting period from the time the employees rendered the service. An entity should recognize such payments as an accrued expense or a liability upon deducting the already paid amount. However, employee benefits become an asset or prepaid expense if the amount paid exceeds the undiscounted value of the profits.…
current affairs worldview essay Today, Various religions have different ways of a religious worldview. And these worldviews have impacted to the society either positively or negatively. It has also influenced the market bringing about profits and losses. Generally, religious worldviews try to explain how life develops. It thus affects various factors like culture, beliefs, and everyday life experiences. Therefore, religion influences the way to interpret things because today’s world is doing its best to explain the truth by using rituals. There is the use of ideas, morality, and theology, which describe the relationship between the man and God. Therefore, the current religious world views have influenced society positively, as discussed below. It gives identity, which makes one feel powerful. It helps us to understand our worth and believe in what we are doing. Self-worth is achieved because each religion tends to specify the behaviors followed. Also, it promotes the spirit of togetherness’ in society. The region’s world views are known to take part in the solving of the differences. The reason for this is that the beliefs which are followed…
A Madman’s Story by Lu Xun Madness is caused by unusually seeing the world. A madman’s story is majorly symbolic. The use of animals, dogs, hyena, and wolfs with the bird buzzer all represent the villagers and daily lives of oppressors by society. The writer used ‘the madman’ though he knows more than the sane people to bring out how ironic the world could be. The cannibalism aspect of the villagers tells more about how humans can be so insensitive and unkind to their fellow beings. The madman goes on to say to them if they don’t change, they as well can be eaten, the case of man eat man’s society. By doing so, he tries to drive a point home. The madman who utters a lot of facts contrary to what the general public wants to hear. The madman also accuses ‘brother’ a person seemed closed to you who during the time of need can join hands together with others to cause harm. The writer specifically brings out the cultural oppression during the dynasty. The madman can be described…
Cultural preservation Preservation is a better and more viable option of preserving American nature and culture. It mainly involves any activities aimed at maintaining cultures. These activities primarily include the study and documentation of indigenous languages, efforts to ensure the continued use of said language, and restoration or preservation of relics that are historically connected to the American culture (Meza, 2015). The increased awareness of the importance of indigenous language and ancient practices ensures the American culture is preserved in its entirety. Cultural preservation is important because it gives an avenue for the American people to stay connected to their roots and maintain their traditions. The preservation of culture presents several benefits to the American people. The first benefit is that it instills pride in American heritage. It also gives the people a sense of belonging as they acknowledge the efforts their forefathers put in building the nation. Artifacts, buildings, and historical sites are very fragile, which calls for the collective effort from the public and government bodies in ensuring they are preserved (Meza, 2015). Several organizations have taken the…
Caterham Minicabs and Taxi Service Caterham is the town located in Surrey, England. Its population was 21,030 in 2011. Caterham is divided into parts, Caterham on the hill and Caterham Valley. It is the most beautiful town in Surry. Many people come here for outings. They use Caterham minicabs and taxi service. And this is an honour for us that their first choice is our Caterham minicabs and taxi service. Service: We provide plenty of services like Airport minicabs and taxi service, Seaport transport service, we also offer private cars service for individual work. People mostly use our Airport minicabs and taxi service and Private car service. Facilities: We don’t only provide many services, but we also offer extensive facilities like: We offer a door-to-door service. Our driver reaches on time to your doorstep because we are punctual. We value the time. Our all drivers are DBS checked. We provide a friendly environment so you can quickly contact us. Our driver will wait for until you come and at the Airport, he will remain with your name board. We provide…
Banstead Minicabs and Taxi Service Banstead is the town located in Surrey, England. Its population was 16,666, which was calculated in 2011. It is not a huge town, but it is lovely. People of Banstead don’t have private cars, and they use Banstead minicabs and taxi service. There are many minicabs, and taxi services are available, but they use mostly our minicabs and taxis. Services: We provide our all services in Banstead also. You can hire our Airport minicabs and taxi service, Seaport transport, Private cars in Banstead with facing any difficulty. Our services are wonderful and no.1 in Banstead. Facilities: Every passenger wants excellent facilities because they pay. And our Banstead minicabs and taxi service never disappoint our passenger. We provide plenty of facilities like: We will offer you door to door service. We are punctual. Our all drivers are DBS checked and polite. Our driver will wait for you until you come. If you hire our Airport minicab and taxi, our driver will wait with your name board. You will enjoy your journey in our luxury car. Even…
Heathrow Airport Minicabs and Taxi Service Heathrow Airport is the most significant international airport in England, situated in London. It is the busiest airport in Europe. People come here from other cities, even from other countries every day. Many minicabs and taxi service are available at Heathrow airport. But no.1 is only our minicabs and taxi service. Services: we provide many services like Airport minicabs and taxi service, Seaport transport and private cars. But people mostly hire our Heathrow Airport minicabs and taxi service. Facilities: Heathrow Airport is the biggest airport in England, and our facilities list is also huge. We provide: Door-to-door service. We are punctual Our all drivers are DBS checked, and they provide a friendly environment. Our driver will wait for you until you reach a terminal with your name board. Our driver will drop you safely at your destination. Our car is perfect in looks, besides air-conditioner/heater, luxury and full leather seats, children individual seats, LCD, Sound speakers are available in our minicabs and taxis. We also provide prebookings, and you can also book our service…
Multinational firms Multinational firms operate in more than one country; therefore, Human Resource activities are different and complex compared to dealing with domestic or local firms. International firms deal with the movements and interactions of persons beyond the national boundaries; therefore, the cross-cultural environment is a variable in dealing with International HRM. Different countries have diverse cultures and employees moving from one country to another have to be familiar with making HR activities significant in trying to address it. Culture encompasses social, economic, political, historical, and other factors that vary among different countries globally. For instance, an employee from Europe transferred to work in Iran must be orientated on the various cultural aspects in that country that are very different and can negatively affect his performance if not addressed by HR when employing. The International Human Resources must be aware of cross-cultural differences because what works at home may not be appropriate in other countries. HR must understand activities such as rewarding, promoting, dismissal, and appraisal because their application differs depending on the hosting country. It is, therefore, essential for…
Should the Drinking Age be lowered to 18? Introduction In countries such as the United States, different states have set their legal drinking age. In some states, the drinking age is 18 years, 19 years, or 21 years. Currently, some states with drinking age of 19 and 21 years are proposing the drinking age to reduce to 18. It is important to understand that reducing the drinking age to 18 years is likely to bring some benefits along with challenges. This paper answers the question of whether the drinking age should be lowered to 18 years or not. Advantages of lowering the drinking age Some people propose that reducing the drinking age to 18 is a good decision. Young adults should only be allowed to drink in a controlled environment (Otte, 2020). Examples of controlled environments include restaurants, pubs, official school, as well as university functions. Such circumstances can encourage responsible drinking. This is because young adults can be taught on responsible drinking through educational programs together with role modeling. By doing this, young adults can be expected to demonstrate…
United States squirrel species There are almost 200 species of the squirrel that lived throughout the world. Some of the species lived in the united state. People who want to know how many types of squirrel lived in the united state? The united state is home to 5 squirrel species. Some of them lived on the tree while others prefer to live on the ground. The other one prefers to fly. A squirrel that lived on the tree they have bushy tails. Squirrel has fur that helps them to fly from one tree to another. The five species that lived in the united state are: Gray squirrel Fox squirrel Red squirrel Ground squirrel Flying squirrel Gray squirrel The United States is the living place of two gray squirrel species. One is eastern gray, and the second is the western gray squirrel. You can find the eastern gray squirrel in the northern united state, although this specie has invaded the western united state and Canada too. The western gray squirrel is founded to be live in three different places. These are…