Managerail Economics Research Paper Example | Topics and Well Written Essays - 750 words

Managerail Economics - Research Paper Example Obviously C&D and E&F are smaller than A&B. 2. The cross price elasticity of demand measures the responsiveness of the demand for one good to a change in the price of another good (Mankiw). In the assignment, products A and B are substitutes since the cross-price elasticity is postive, at +3.6. Products C and D with cross price elasticity of 5.4 are also substitutes. When the cross price elasticity is positive,it means that the demand for product 1 increases as the price of the other good increases,threfore they are substitues. MU of prod A/price of prod A = MU of prod B/price of prod B = MU of prod C/price of prod C = MU of prod D/price of prod D = MU savings/price savings, which is equal to 36/$18 = 12/$6 = 8/$4 = 2/$1. The marginal utility divided by the price is equals to 2. 4. What are given: Income from pottery sales = $ 72,000 Costs: Helper = 12,000/ year yield on the $40,000 if invested = $4000/year Rent = 5000/year salary as a potter = $15,000/year Materials = $ 20,000/year Equipment = $40,000 Entrepreneurial Talent = $3000 Acccounting profit (1st year)= $72,000 - 12,000 - 5000 - 20,000 -40,000 = -5000 On the 2nd year if there is no purchase of equipment = $72,000 - 12,000 - 5000 - 20,000 = $35000 Economic profit = $72,000 - 12,000 - 5000 - 20,000 -40,000-3000-4000-15,000 = -$27,000 On the 2nd year if there is no purchase of equipment = $72,000 - 12,000 - 5000 - 20,000 -3000-4000-15,000 = $13000 References http://www.crawfordsworld.com. 23 April 2010 . Mankiw, N. Gregory. Principles of Macroeconomics. 3rd. South-Western College Publishing,

Olaudah Equiano Essay Example for Free

Olaudah Equiano Essay A journal is kept to reminisce on experiences people have gone through, also to share with others in the future. In the two narratives â€Å"from The Interesting Narrative of the Life of Olaudah Equiano† by Olaudah Equiano and â€Å"from The Journal of the First Voyage to America† by Christopher Columbus are both journals about their life experiences. Equiano and Columbus had different encounters with the people they met, and used different imagery. Likewise, they both wrote for the same purpose. The impressions of the people they met were different. Equiano had a horrible encounter with the slave traders on the ship he was on. He mentioned, â€Å"Every circumstance I met with, served only to render my state more painful, and heightened my apprehensions, and my opinion of the cruelty of the whites. † (p. 45) The white slave traders were cruel and horrible. The whites treated them horribly and had no respect for them. In spite of that, Columbus had a different approach towards the natives he met with on his voyage. â€Å"the natives came down to the shore with their calabashes full, and showed great pleasure in presenting us with it. † (p. 64), unlike the whites, the natives are giving and considerate. I ordered more glass beads to be given them, and they promised to return the next day. â€Å" (p. 64) Columbus and his men developed a relationship with the natives and they got along. In addition, the imagery that Equiano and Columbus used were different. Equiano uses imagery to help visualize the horrible condition that him and the other slaves were in. â€Å"The shrieks of the women, and the groans of the dying, rendered the whole scene of horror almost inconceivable. † (p. 45), Equiano explains the agony they were going through, so much pain that many people felt as if they were dying. On the other hand, Columbus analyzes that â€Å"This island even exceeds the others in beauty and fertility. † (p. 62), which shows his admiration towards the island he was on. Although Equiano and Columbus shared many differences, they both had the same purpose for writing. Equiano wrote about his awful experience while being transported to an island as a slave. The reason for writing about his experience was for people to recognize the horrible condition they were in, and how bad they were being treated by the whites. â€Å"at all events I am determined to proceed on to the continent† (p. 4), Columbus wrote in his journal to pass on his experience he had during his voyage to others and to â€Å"deliver the letters of your highnesses† (p. 64) which he will return answers to the King and Queen back home. In conclusion, Equiano and Columbus both lived an unforgettable experience. They both wrote about it and kept it in a journal. They had different experiences and encounters throughout their voyage. Their main purpose for writing was to share their life experiences with others and also to teach about the unknown and undiscovered.

Essay --

What is Schizophrenia? Schizophrenia is brain disorder that makes it hard to see the difference between reality and imagination, have normal emotional responses, and act normal in social situations. Schizophrenia is relatively young, it has only been around for less than 100 years. It was first discovered by Dr. Emile Kraeplin in 1887. He believed it was a mental illness. A few documents take Schizophrenia’s origins back to Egypt during the Pharaoh’s rule around 1550 B.C. People originally thought schizophrenia was simply madness, and usually associated it with madness, even though it is quite different from madness. Symptoms of this disease include Positive symptoms, which are: hallucinations, or things that someone can see, feel, smell, or hear that do not really exist. Many people hear voices inside their heads, see people that are not there, or smell odors no one else smells. Delusions are another symptom, also known as bizarre beliefs, these may include paranoid de lusions also, which are delusions that tell the person that others are trying to hurt them. Thought Disorders are a symptom in which the person thinks unusually or dysfunctionally. Movement disorders may be present in schizophrenic people, they may seem like twitches or small, sharp, and sudden movements. Schizophrenia’s â€Å"negative symptoms† are harder to recognize. These include the flat affect, in which the persons face doesn’t move and the voice is droning. The lack of pleasure in life is another once, along with the lack of ability to start and sustain activities, and little speech. These symptoms prevent or block the person from living a normal life because they cause social, physical, and emotional, and mental problems. This may lead to psychosis, insanity, or ... ...ients that suffer severe symptoms. The most common treatment is a combination of medicine and therapy. Where the patient engages in individual psychotherapy with a therapist, rehabilitation, family education, or self help groups. These therapies usually help people cope with schizophrenia and its effects. At this time there is no cure for schizophrenia, there are very effective treatments and medications. Research is being conducted to help scientists understand the disorder better and is being used to try to treat schizophrenia permanently. The only way this is possible is with the use of new treatments, such as new experimental drugs and electrotherapy. No treatments today are preventative nor do they permanently â€Å"cure† schizophrenia, but we can look to the bright future for the development of a new treatment option that could potentially fully cure schizophrenia.

celeb psychology :: essays research papers

Many people feel a pressure to look a certain way in today’s world. Many also feel overweight, even though they are an average size. Numerous people are deceived by the media that happiness and success follows when a thin body is present. However, what they don’t show on television is how unhealthy, both physically and psychologically, it is to have such an unrealistic image of â€Å"perfection† in their minds. There are so many different aspects when it comes to eating disorders and celebrities. The majority of society may believe that it is nothing more than either not eating at all, or maybe even just the concept of bulimia. Although those are defined as eating disorders, working out obsessively can also be considered an eating disorder. â€Å"The word ‘eating’ in the term "eating disorders" refers not only to a person’s eating habits per se, but also to his/her weight-loss practices and attitudes towards body shape and weightâ €  (www. http://www.notme.org/Articles/eatingDisorders). A disorder results when those attitudes and practices develops an unrealistic perception of body weight and shape, and potentially life-threatening physiological imbalances to name just a few. â€Å"The development of an eating disorder can be caused by several factors, including biological or genetic susceptibility, emotional problems, problems in relationships with friends or family members, personality problems, and societal pressures to be thin† (http://www.notme.org/Articles/eatingDisorders). In terms of psychological aspects, many celebrities today are faced with current and future problems. Despite the fact that they may believe they are doing no harm to themselves by being so thin, there are a lot more things they should be thinking about. â€Å"Eating disorders account for roughly 60% of all celebrities. It’s just their way of life,† says Earl Rodgerts of STAR magazine.

Accounting Standards Essay

INTRODUCTION Accounting Standards are employed to build the application of accounting practice. The actual financial position of the company can not be presented accurately and precisely with adhering to the principles and standards. Due the evolution of time, the concept has changed to suit the needs of the industry and is also continuously to changing to needs. With rapid change and development of wealth, trade and technology, there was a need to account the business transaction due to intricacy involved. Due to the mode of writing and numbers which facilitated the accounting process. It is accountants who helped in the development of economic and commerce by providing valuable services to the community. See more: Satirical essay about drugs HISTORY AND EVOLUTION OF ACCOUNTING STANDARD: Pacioli is being considered the father of the Accounting. The first double entry book-keeping was developed around 1200 B.C   in Italy followed by first book on double entry was written by Luca Pacioli in 1494. Due to the advent of Industrial Revolution around 1750, business expanded rapidly which catapulted mass transportation, invention of new products and new markets, development of capital markets and as the result, the role of accountant become inevitable to any industry. As development of trade grows, the need for professional accountants also nurtured in a fast pace. Society of Accountants was established in 1854 in Edinburg which was accorded a royal charter which recognized the profession’s role in the trade and commerce. In U.S, the first such professional society was the American Association of Public Accountants, chartered by the state of New York in 1887. Cost accounting was developed to augment the efficiency in the manufacturing Units. Management Accounting was developed to advise the business to make strategic business decisions. During 20th Century, United States has overtaken the British and become the leading industrial power in the world. The growth of industries like U.S. steel and Standard Oil demanded more classy accounting systems to keep track record of expanding business divisions within these huge business corporations.   As insiders of the industry took advantages by stock manipulations, price fixing and other questionable business practices mainly to derive benefits thereby depriving the interest of gullible investors. All the states of the U.S.A and Puerto Rico and the District of Columbia stipulates through law that an accountant should have specific educational and experience requirements and should passes an qualifying examination and will be granted a title known as Certified Public Accountants. [CPA]. Now, CPA’s have structured in to State and national societies. In United States, American Institute of Certified is the prime body representing accounting profession, which is the contemporary successor organization of the American Association of Public Accountants and the American Accounting Association organized in 1916. In United States , the Financial Accounting Standards Boards [ FASB] , an independent non-governmental organization supported by financial-reporting industry groups , is the nodal institution accountable for establishing accounting standards and rules whereas the International Accounting Standards Boards [ IASB] formulates rules and standards that are recognized and used by many nations. With fast growth of corporate activity, the need for sophisticated accounting methods has increased and accounting has witnessed many improvements in theory and techniques. The ever changing tax laws and regulations is causing change in accounting methods frequently as it is necessary to maintain homogeneous accounts for governmental statutory requirements or public scrutiny. A series of exposures pertaining to accounting firm’s failure to detect or openly challenge irregularities or fraud as in the case of World.com and Enron, when auditing finances of a number of corporations compelled Congress to establish the Public Company Accounting Oversight Board in 2002. Securities and Exchange Commission has been allocated power to appoint the above board to register and regulate accountants and firms to act as auditors. It sets standards for auditing and is responsible for reviewing audits and disciplining accountants and accounting firms.   [1] SIGNIFICANCE OF ACCOUNTING STANDARDS: Accounting standards are significant as they guarantee improved public accountability and offer effective and efficient functioning of the trade and commerce of a nation. They play a vital role for complete understanding of political, economical and social consequences of allocation and proper utilization of government resources both at the federal and at the State levels. Improper and bad accounting may lead to serious long term consequences .Accounting standards can be misused to offer misleading information of a business. FREE MARKET APPROACH OF ACCOUNTING STANDARDS: It refers to a method applied by private sector wherein creation of an economic market in which business is ruled by the laws of supply and demand and not by the unwanted government interference, subsidy or regulation. Under this accounting standard, voluntary disclosure of activity -based cost data which offers a new approach of functional process and provides more alternatives for decision makers. In a real free market, accounting standards would enhance as corporations and accountants vie to offer the best information to shareholders. In a free market, the aspiration for profit is satisfied by long-range, honest, rational behavior thereby innovating, by employing best employees, by offering quality products and by providing accurate information to investors. Business is required to provide accurate information to investors else it would loose its reputation and credibility in the market. The current FASB is so cumbersome and complex that an ordinary lay man finds it difficult to interpret the same. Most companies in U.S.A now started to follow dual reporting. For instance, AMD and Intel release two sets of accounting reports: one as per FASB guidelines which is mandated by the regulation and other based on simple accounting standards that they deem that it being more informative to shareholders. There are certain existing statues which refuse the shareholders to overthrow existing corrupt or incompetent management. For instance, Anti-hostile takeover legislation which was passed in 1968 has made it complex to replace incompetent management .Arcane regulations passed in 1930 limit the capacity of the financial entities such as insurance companies, pension funds and mutual funds that own major shareholding in corporations to participate in the board for decision taking and for joint deliberations. Hence, the opportunity to safeguard the interest is being denied by arcane regulations. If the U.S government is really interested in the healthy stock market, it should exhibit it by deleting, not adding, regulations and building the market truly free. PRIVATE SECTOR REGULATION OF ACCOUNTING STANDARDS Stock Exchange Commission [SEC] supports on an independent, private sector standards –setting process mainly through open and deliberate. Though the commission has the statutory authority to frame accounting principles , it has not do so for the last 60 years .Instead it has assigned the onus to the private sector for leadership in establishing and enhancing the accounting standards. It is the private sector standards-setting process, as supervised by the SEC has resulted in existence of a quality accounting standards and strong capital markets in USA as of today. EVOLUTION OF REGULATORY APPROACH: After the end of the First World War in 1919, there was spurt in investment in securities by investors. Around 1920, more than .02 billion large and small shareholders availed the benefits of post-war affluence and ready to avail sudden wealth from stock market and due to boom, more than $ 50 billion worth in new stock was floated during this time. The famous stock market crash in 1929 which was notoriously known as â€Å"Black Friday† resulted in loss of faith by investors on the capital markets. Many investors were turned as pauper over a night. It was observed that if at all economy was to recover, the public’s confidence on capital market required to be refurbished. Congress was forced to find out a solution for this problem and it held many deliberations on the subject and finally passed the â€Å"Securities Act of 1933 â€Å"and the â€Å"Securities Exchange Act† of 1934. The prime goal for the establishment of Securities exchange commission was mainly to enforce the fresh security laws, to build confidence, to provide stability to the market and last but not the least to offer protection to investors. Stock Exchange Commission [SEC] was toothed with mandate to formulate accounting principles and standards. It is to be noted that even though SEC was accorded the power to supervise the accounting practice, SEC is of the opinion that the private sector is having ample resources and ability to build up suitable accounting standards. The American Institute of Certified Public Accountants [AICPA] had been in the field since 1887. As a federation of state societies, American Society of Certified Public Accountants was established in 1921 and later merged with the Institute during 1936. Due to persuasion from the SEC, the AICPA appointed the committee on accounting procedure in 1939. Committee on Accounting Procedure [CAP] released about 51 accounting research bulletin between 1939 and 1959. Though, these bulletins were able to solve the problems now and then as they emerged but could not address the issues relating to accounting principles. To resolve the accounting principles issues, AICPA established a new standard setting body in 1959 namely the â€Å"Accounting Principles Board† [APB].The main goal of the APB is to establish appropriate practices, formulate accounting principles and to minimize the discrepancies in practices. Though the APB released about 31 opinions between 1959 and 1973, it was dissolved for absence of productivity. Generally Accepted Accounting Principles [GAAP] are an anthology of conventions, procedures and rules that describe accepted accounting practices. Though it is not accorded as mandatory by any statute, SEC advises that it should be followed in all financial reporting of publicly traded companies. GAAP can thus be explained as a cluster of conventions and objectives that have been developed over time to oversee how financial statements are being prepared and presented. The three nodal authorities’ viz. the American Institute of Certified Public Accountants, The Financial Accounting Standards Boards and Exchange Commission offer regulation concerning acceptable accounting practices. The GAAP is founded on four basic assumptions as per the details below: Economic Entity concept- It stresses the business as a separate entity and to segregate income and expenses of business from that of personal. Going concern assumption which assumes that business will carry on for a longer period to validate the methods of capitalization of assets, provision for depreciation and amortization. Monetary unit assumption which fixes US dollar as the monetary unit for accounting purpose Periodicity assumption facilitates recording of business operations and separating into different periods. This is mainly to facilitate for comparison between past and present performance of the business.   FASB’s basic principles are detailed below: Historical Cost Principle- This requires business to account and report on cost of acquisition basis rather than present market value of the assets and liabilities. Financial reports and statements are prepared in accordance with set of rules , procedure and standards for reporting financial information known as the â€Å" Generally Accepted Accounting principles† (GAAP) , as established by the Financial Accounting Standard Board ( FASB). This standard stipulates that a company â€Å"account for all of their assets or economic resources according to their historical cost.† (Horngreen, Stratton & Sundem, p.6) Revenue Recognition principle or accrual basis of accounting requires business to record when the revenue is realized or earned and not when the cash is earned. Matching principle – Expenses has to be matched with the revenues where it is possible Full disclosure principle- Business should offer all the significant information relating to the company though it may not affect company’s financial statements. For instance, Tax disputes, lawsuits, takeover information and possible contingent liabilities of the business are to be disclosed by way of footnotes to the financial reporting. INHERENT DISADVANTAGES OF THE FASB Cost –benefit relation ship: It emphasizes that benefit of offering financial information should also be weighted against cost of providing it. Materiality- It refers to the significance of the item reported and it is to be weighed amount reported will have impact on third party’s decision based on the information provided. The Industry Practice Constraint – Conservative approach stresses that it is better to understate the financial statements rather than overstating it. The after effects of Enron, WorldCom, Inc have forced the Congress to enact Sarbanes Oxley Act in 2002.   The other accounting reforms announced is the creation of Public Company Accounting Oversight Board [PCAOB] to supervise the audits of the Public companies. PACOB has been entrusted with wide authority to regulate the auditing profession. PACOB has been toothed with powers like imposing civil penalty and to impose permanent revocation of an auditing firm’s ability to audit public companies. 8, SWITCHING TO PRINCIPLES BASED ACCOUNTING SYSTEM: There is strong suggestion from various quarters that U.S should abandon the current â€Å"rules-based† system in favor of a â€Å"principles-based accounting†. If that happens, the critics are of the view that all the current difficulties being faced by U.S financial reporting would be alleviated or eliminated. Further section 108 of the Sarbanes –Oxley Act of 202 stipulates that SEC to conduct a study on the adoption of a principle based accounting system. [2] CONCLUSION: Globalization offers both impetus and opportunity and it is time to streamline the FASB guidelines in tune with changing scenario.[3] It is to be noted that FASB has recently issued special report on Leases thereby implementing a new approach, is recognition of the need to review existing standards. Hence it is necessary not only to review its leases guidelines but for all current standards. The current FASB is high technical and complex in nature and may not help the investing public to understand the same without the guidance of professionals on the subject. When most of the countries around the globe have switched from complex to simpler guidelines, U.S can also follow them. In setting standards on national or global basis, technical correctness is regarded as less important than the comparability among reporting entities. Globalization in commerce here has become the order of the day and U.S accounting standards must reflect true global interests. Sticking to technically sound accounting standards would not help to develop acceptable, meaningful international standards. FASB should take avail this opportunity to update and even change the standards. The accounting profession and accounting standard setters should unite together in their effort to assure simpler, more beneficial and easy to understand U.S and worldwide accounting standard. BIBILIOGRAPHY Van Riper, R. 1994, Setting Standards for Financial Reporting: FASB and the Struggle for Control of a Critical Process. CT: Quorum Books. Westport. Hartgraves, A. L., & Benston, G. J. 2002, â€Å"The Evolving Accounting Standards for Special Purpose Entities and Consolidations†. Accounting Horizons, 16(3), 245+. Barker, Richard, 2004, â€Å"Reporting Financial Performance.† Accounting Horizons 18, no. 2 157+. Bekesford, Dennis R. 1999,†It’s Time to Simplify Accounting Standards.† Journal of Accountancy 187, no. 3: 65. Beresford, Dennis R. 2001,†Congress Looks at Accounting for Business Combinations.† Accounting Horizons 15, no. 1: 73. Derieux, Samuel A. 2000,†Let’s Reassess Accounting Standards.† Journal of Accountancy 189, no. 5: 82. Dye, Ronald A., and Shyam Sunder. 2001,†Why Not Allow FASB and IASB Standards to Compete in the U.S.?† Accounting Horizons 15, no. 3: 257. 1992,†The Financial Accounting Standards Board.† Journal of Accountancy 173, no. 6: 4. Fleming, Peter D. 1991,†The Growing Importance of International Accounting Standards; Arthur R. Wyatt, Chairman of the International Accounting Standards Committee Heralds International Harmonization.† Journal of Accountancy 172, no. 3 100+. Gornik-Tomaszewski, Sylwia, and Irene N. McCarthy. 2003,†Cooperation between FASB and IASB to Achieve Convergence of Accounting Standards.† Review of Business 24, no. 2: 52+. Hartgraves, Ai L., and George J. Benston. 2002, â€Å"The Evolving Accounting Standards for Special Purpose Entities and Consolidations.† Accounting Horizons 16, no. 3: 245+. Herrmann, Don, and Ian P.N. Hague. 2006, â€Å"Convergence: In Search of the Best CPAs Should Understand How U.S. and Foreign Accounting Standards Influence Each Other.† Journal of Accountancy 201, no. 1: 69+. Houston, Melvin, and Alan Reinstein. 2001, â€Å"International Accounting Standards and Their Implications for Accountants and U.S. Financial Statement Users.† Review of Business 22, no. 1: 75. Monson, Dennis W. 2001, â€Å"The Conceptual Framework and Accounting for Leases.† Accounting Horizons 15, no. 3: 275. Nobes, Christopher W. 2005,†Rules-Based Standards and the Lack of Principles in Accounting.† Accounting Horizons 19, no. 1: 25+. Radig, William J., and Brian Louder milk. 1998,†Leading the Way to Uniform Accounting Principles.† Review of Business 19, no. 3: 22+. Schipper, Katherine. 2003, â€Å"Principles-Based Accounting Standards.† Accounting Horizons 17, no. 1: 61+. Silliman, Benjamin Rue. 2005,†Convergence of Accounting Standards: A Comparative Analysis of the U.S. Revised Standard on Share-Based Payment and the International Accounting Standards Board’s IFRS 2.† Review of Business 26, no. 2: 24+. Wyatt, Arthur R., and Joseph F. Yospe. 1993,†Wake-Up Call to American Business: International Accounting Standards Are on the Way.† Journal of Accountancy 175, no. 7: 80+. [1] Encyclopedia Article Title: Accounting. Encyclopedia Title: The Columbia Encyclopedia, Sixth Edition. Publisher: Columbia University Press. Place of Publication: New York. Publication Year: 2004. [2] Article Title: Principles-Based Accounting Standards. Contributors: Katherine Schipper – author. Journal Title: Accounting Horizons. Volume: 17. Issue: 1. Publication Year: 2003. Page Number: 61+. [3] Article Title: Let’s Reassess Accounting Standards. Contributors: Samuel A. Derieux – author. Journal Title: Journal of Accountancy. Volume: 189. Issue: 5. Publication Year: 2000. Page Number: 82 Accounting Standards Essay Now-a-days, more and more enterprises are being managed by the professionals. The persons who provide risk capital to the enterprise do not participate in the day-to-day affairs of the enterprise and their major source of information about the enterprise is the financial reporting made by it. Apart from the providers of risk capital, there are other stakeholders also which include prospective shareholders, bankers, creditors, etc. , who use the financial reporting made by the enterprise to make their economic and financial decisions. In such a scenario, it is absolutely essential that financial reporting of an enterprise is unbiased, comparable, transparent and free from bias. This necessitates the existence of a sound financial reporting system in country which is based on the Accounting Standards. Realising the need for establishment of sound Accounting Standards in the country, the Institute of Chartered Accountants of India (ICAI), being the premier accounting body in the country, established the Accounting Standards Board (ASB) way back in 1977. Since then, the Accounting Standards Board has been working relentlessly in this direction by formulating new Accounting Standards as well as by revising the existing Accounting Standards so as to bring them in line with the best international practices. With a view to improve the quality of financial reporting in the country in real terms, it is also essential that the issues that are arising in implementation of accounting standards are addressed appropriately so that all Accounting Standards are understood and applied in the manner intended. Keeping this in view and with a view to ensure effective implementation of these standards, the Institute has also issued various interpretations, revised existing interpretations and issued announcements on accounting standards. Keeping in view the continuous changes that are taking place in Accounting Standards, Accounting Standards Interpretations and announcements on accounting standards, it is imperative on the part of the Institute to make all such pronouncements/ announcements available in one single book and revise it from time to time. The Institute has, therefore, been publishing the Compendium of Accounting Standards which contains all new/ revised Accounting Standards and other related pronouncements/ announcements, issued upto the date of publication of the Compendium and which are existing on that date. I am happy to state that continuing this practice, the Institute is publishing this Compendium of Accounting Standards – As on July 1, 2006, which incorporates all latest developments in the field of Indian Accounting Standards. I firmly believe that this edition of the Compendium will be extremely useful not only to the members of the Institute in discharging their professional duties but also to the preparers of financial statements and other users of accounting standards. New Delhi November 17, 2006 T. N. Manoharan President Preface In recent years, there has been an unprecedented increase in the awareness about the need for and importance of Accounting Standards in the country. The accounting standards which lay down sound and wholesome principles for recognition, measurement, presentation and disclosure of information in the financial statements improve substantially the quality of financial reporting by an enterprise. The accounting standards tend to standardise diverse accounting practices with a view to eliminate, to the extent possible, incomparability of information contained in the financial statements of various enterprises. The accounting standards also improve the transparency of financial statements by requiring enhanced disclosures. Realising the significance of accounting standards in improving the quality of financial reporting, the accounting standards have been granted legal recognition under the Companies Act, 1956, which require accounting standards to be followed by all companies. Apart from the Companies Act, 1956, various regulatory bodies, e. g. , the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority (IRDA) also require compliance with the accounting standards issued by the Institute by their respective constituents. This is a clear manifestation of the significance of the accounting standards and high quality of accounting standards being issued by the Institute. With so much faith being reposed by the law and various regulatory authorities in the accounting standards issued by the Institute, the responsibilities of the Institute as an accounting standard-setting body has increased tremendously. The Institute, through its Accounting Standards Board, has been trying to discharge these responsibilities by issuing new accounting standards as well by revising the existing accounting standards. Apart from ssuing new accounting standards and/or revising the existing accounting standards, the endeavour of the Institute has also been to address the issues arising in the implementation of accounting standards through issuance of new interpretations, revision of the existing interpretations and issuance of announcements on accounting standards. With the regular developments taking place in the area of acc ounting standards, there is a need to publish an updated version of the Compendium of Accounting Standards, which incorporates all the relevant developments that have taken place since the publication of the last edition of the Compendium. As compared to the last edition of the Compendium of Accounting Standards in 2005, this edition incorporates limited revisions to two accounting standards, viz. , AS 15 (revised 2005), Employee Benefits, and AS 29, Provisions, Contingent Liabilities and Contingent Assets; which were issued subsequent to the last edition. Besides this, one new Accounting Standards Interpretation, two revised Interpretations and six new Announcements on Accounting Standards have also been incorporated. The Compendium also includes a comparative statement of International Accounting Standards/ International Financial Reporting Standards and Indian Accounting Standards as on date, to apprise the users about the comparative status of Indian Accounting Standards vis-avis the International Accounting Standards/ International Financial Reporting Standards. I would like to take this opportunity to place on record my appreciation of the efforts put in by all the persons involved in the formulation of accounting standards at relevant times. Accounting Standards Essay In your opinion are accounting standards necessary and to what extent? Do you agree with the view that mandatory regulations stifle innovation ? why? Give reasons? * Accounting standards are necessary to promote high quality financial reporting. The fundamental role of accounting is to communicate economic information about businesses and other organization to various stakeholders (government, investors, shareholders, suppliers, lenders, customers and the general public). * These stakeholders use such information to take decisions and to assess the stewardship of people appointed to manage such organizations. If this information is not of a high quality standard, then the stakeholders would be unable to take effective decisions that will benefit them. For example, if a financial report is manipulated to show higher profits, investors would hold on to their shares with the belief that the company is doing well. See more: Is the Importance of being earnest a satirical play essay * Good and useful information should have the essential characteristics of understandability, comparability, relevance and reliability in order to play its role effectively. Accounting standards serve to promote the understandability , comparability, relevance and reliability of financial reports. * Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards, users of financial statements would need to learn the accounting rules of each company, and comparisons between companies would be difficult. Here are other reasons why accounting standards are important to every business. Protecting Investors By employing accounting standards, investors’ interests are ensured as the documents they review are definitely accurate and genuine. As investors, they are interested to know that their money will eventually earn and go back to them. Accounting standards increase the investors’ confidence in the business. Regulatory Compliance Government regulators set accounting standards that have to be adhered to by all companies. This is both beneficial to the investor or business owner as well as to the customers or clients because it protects them from frauds in businesses. It also promotes transparency among the business’ transactions which will eventually lead to the improved efficiency of the markets. Following accounting standards set by the FASB and the IASB will help prevent a company or business from spending on legal actions initiated by the government against it. Assessing Business Performance The use of accounting standards will enable a business to see or assess its performance. By doing so, they can also compare and contrast their business’ performance with other companies or competitors. It further helps a business see its strengths and weaknesses. By also comparing past and current performances, a business can assess the success of its strategies. Businesses will either prosper or fall. Depending on the trends and the economy of the country, an investment may grow or go down the drain. But in the end, accounting standards will make a difference. That is why all businesses have to follow and strictly adhere to accounting standards.

Galdiator essays

Galdiator essays Imagine brutal sword fights equipped with severed limbs, decapitated bodies, men doing anything to kill their opponents, gruesome deaths, and one man caught in the middle. The movie Gladiator consists of all these traits. Gladiator was produced by Douglas Wick, directed by Ridely Scott and starred Russell Crowe. Russell Crowe plays a character named Maximus Desimus Meridius, the general of the Roman Empire army. The movie begins with a war Maximus has just won. The Emperor of Rome, who is dying, shows up at the battle scene to congratulate Maximus on his victory and plans to give the empire to Maximus, not to his son Commodus. In anger and jealousy Commodus, the Emperors son, kills his father, declares himself Emperor, and orders Maximus and his family to be killed. Maximus escapes but it is too late for his family. Maximus is then captured by slave owners and forced into slavery. As a slave, he has to fight as a gladiator in an arena for his life. As Maximus becomes more popular he goes to Rome as a gladiator, but he really goes to Rome to meet Commodus where he can avenge his family and overthrow Commodus. It comes down to a final battle, where Maximus kills Commodus, but also dies in doing so. Maximus is an interesting character because he is a fearless leader, and a ferocious fighter. In the first scene, it is showing Maximus leading his army into a fierce battle. He shows no signs of fear what so ever. He and his horse ride into battle with their heads high, almost as if he enjoys war. He is the first soldier into the battle, and goes to work quickly. He enters the battle, swings his sword a couple times, as if it is an everyday job for him, and begins to slay his enemy. The battle scene is cold and brutal; mens limbs are being severed and everywhere one looks people are being gutted like fish. However, Maximus pays no mind to the vicious moment, for he is so caught up in the moment he grabs one of his own s...

Conflict in Syria Opportunity for Future Democratisation

Conflict in Syria Opportunity for Future Democratisation Literature Review The literature review seeks to analyse democracy in a conceptual framework that explores the politics of the Arab world against that happening in the rest of the world.Advertising We will write a custom essay sample on Conflict in Syria: Opportunity for Future Democratisation? specifically for you for only $16.05 $11/page Learn More In so doing, it seeks to demonstrate the meaning of democracy, explore democracy in the Middle East, while tackling political science’s view on democracy, and the concept of faith as well as its influences in the Syrian politics to exploit the major issues in the Syrian democratic question. The meaning of democracy The word democracy emanates from two Greek terms ‘demos’ meaning the people while ‘Kratos’ refers to a form of Aristocracy denoting a leadership that is decided upon by the people (Sen 1999, p. 8). In the American context, Lagon (2011) opines that democracy refers to a people chosen government. This definition is shared by other civilised societies that recognise the sovereignty of the people in the concept of governance. However, the lack of universal meaning of democracy has made different societies pursue different approaches to democracy. The lack of universality of democracy could be traced back to the ancient civilisation in the Athens communities where democracy literally allowed only men above the age of 21 to partake active roles in civic activities such as voting and voicing of their opinions in public. The vast economy of the ancient Athena City State pigeonholed on slavery of women who as per the dictates of the systems had no amount of say in the affairs of state whatsoever, nor were they permissible to voice honest opinions in the public. Politics, debate, public utterances, and arguments of any kind were the preserve of men. However, democracy in much of the developing world can never be equated to that prevailing in the developed nations such as those in the west. The overwhelming civil strife in Syria and the raging debate over Assad’s administration intolerance to opposition groupings remains a complex domestic question to solve. Democracy in the Middle East In the years following the Second World War, the world turned its focus from the contest between democracy and totalitarianism to emerging threats such as the global balance of power (Hunter 2007, p. 1). The escalating war in most parts of the world provoked the vast continental Europe to endow their colonial holdings with independence.Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More In part, the succeeding up-thrust of the newly independent and susceptible nations greatly worried the United States, especially with regard to its positioning in world politics. In the culminating sequence of events, Berlatsky (2012, p. 145) observes that the United States sought to ascertain that the enormous human and massive monetary sacrifices it offered in conquering the Second World War were not in vain, and that the newly established nations would become its allies and further reinforce its eminence as the world power. According to Husseini (2012, p. 234), the power vacuum in the years following the post-war history greatly troubled the United States, especially in the oil opulent and war ravaged Middle East. Much of the Middle East was a deep concern to the West, and this was mainly because of its inclination to communist thinking. In totality, the civic authority was largely presumed in the West as either weak or lacking in form. Another factor that worried the West was the fact that several nations in the Middle East were deeply engrossed in the traditional systems of governance characterised by the Arab dynasties. However, the conquest of the nationalistic movements as well as the collapse of the Pan-Arabism after the overthr ow of Egyptian President Col. Gamal Abdel Nasser shocked several Middle East nations. According to Merrill (2006, p. 29), the 1957 Eisenhower Doctrine took course to extend the primacy of the Truman Doctrine, which essentially increased the US’s commitment and containment to the Middle East. Observers note that this was a move to contain Pan-Arabism nationalistic vendetta, and further sought to check on the proliferation of communism, which, at the time, was America’s greatest headache. America and Europe sought to nurture a democratic system of government in the Arab world to make their regimes accountable and all-inclusive of their people. How democracy differs from one country to another Democracy can never be complete without liberalism. Essentially, liberalism makes democracy to be different from one country to another (Lagon 2011). In an illiberal society, the people are limited in their ability to voice honest opinions. In other words, freedom of speech is curta iled.Advertising We will write a custom essay sample on Conflict in Syria: Opportunity for Future Democratisation? specifically for you for only $16.05 $11/page Learn More In such countries, certain individuals like the poor and women are disenfranchised from all forms of political activities. Most countries in Africa and much of the Muslim world are typical illiberal democracies. According to King (2009, p. 167), most counties in the Middle East, especially those that are currently struggling with shedding off the shreds of the Arab Spring such as Syria have only known the converse of democracy, which is dictatorship. Within the precipice of democracy, right thinking individuals in all corners of the world consider such countries failed states. The word democracy, according to King (2009, p. 168), denotes an all-inclusive political system that drives its power from the people. Therefore, in a democratic society, all eligible citizens have the endowment to participate in decisions that affect them in the concept of governance. Mature democracies such as the United States of America, the United Kingdom, and Canada are governed by representative democracies. Different countries have different attitudes towards the idea of democracy. Many people in different countries have a feeling that promoting democracy should be the preserve of the state. However, in Syria and other Middle East nations, there is reluctance on the part of government to make democracy a central theme in its promotional stratagem (Lagon 2011). Citizens in these countries feel a moral obligation to explore the full meaning of democracy, and, most often, there is substantial rebuttal from the government. A modest minority rule in the Middle East favours promotion of limited democracy in these somewhat friendly authoritarian democracies, which often lead – in some cases – to unfriendly governments. Consequently, majority chose to put both diplomatic and publ ic pressure on the states to reconsider democratic rights of their citizens. The prevailing democracy in the United Arab Emirates, for example, is a substandard type of democracy whose parallelism cannot be argued on the same table with the American type of democracy (King 2009, p. 169).Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More To a given degree, all these discrepancies in the concept of democratisation of global politic show openly the lack of universality in democracy. Viewing democracy as a western ideology Promoting democracy in countries that view it as a western ideology is often characterised by stiff objection from the governments whose authorities view it as a promotion of strategic policies of the West (Heydemann 2013, p. 60). Of late, there are concrete stakes for Syria, and, indeed, the Arab world in their quest for democratisation – namely, prosperity, pluralism, and greater peace in all parts of the world (Rahbek 2005, p. 245). Controversial pathways of achieving the full dimensions of democracy and the archetypical mismatches between words and deeds continue to cloud appreciation of democracy in Syria. Sharp and Blanchard (2012, p. 267) underscore that the quest for democracy in Syria exhibit conflicting priorities, and the Assad regime holds that promotion of democracy is not a panac ea for the Syrian problem whatsoever. Yet, among the tried, tested, and trusted findings in international community studies, reports hold that established democracies are never at war, especially with their people. Democracy by any means is the preserve of an equal opportunity society where everyone has a say in the concept and nature of governance. Democracy, as Morlino (2002, p. 23) notes, makes sovereignty meaningful; dictatorial regimes make sovereignty a mockery of the people. Other governments, such as Syria advocates sovereignty even when democracy of the people is trapped underfoot. The oligarchies in Syria have vested interests that have continued to deprive their people of meaningful human rights. However, what makes it hard to achieve the wholesomeness of democracy in Syria is the fact that international foreign policy is not cast on a stone. Many civilised societies continue to work with the Syrian government without considering its legitimacy (Henry and Springborg 2001, p. 45). If this trend were not the case, then mature democracies would only enter into any kind of dealing with countries that have attested to the willingness of exploring the full dimension of democracy. Notably, what most civilised democracies fail to figure out is that durable stability emanates from domestic politics founded on peaceful competition in elective politics, which in turn promotes the much-desired conduct by the governments. The premised pretext on elections as a model of democratic fallacy in Syria While periodic elections are important pointers to democracy in the concept of governance, elections on their own do not necessarily constitute a democracy (Shin 2013, p. 2). Liberalism, freedom, and civility matters most. The all-pervasive lack of free and fair elections in Syria shows how there are great discrepancies in the concept of democracy. In remote democracies such as in the Arab world and several African nations, Ehteshami (2008, p. 67) notes that elections a re predetermined, not contested, but awarded to the ruling dynasties, making a sharp mockery to election as a civic duty. In the United States, by comparison, elections are highly contested and candidates are elected based on their suitability to the hold a state office. Overall, it make sense to argue that democracy as a concept of governance, where the citizens freely and equally participate in the civic duties while elected individuals remain accountable to the people’s preferences is a far cry from being achieved in Syria, at least at the moment. Achieving democracy in Syria warrants the masses to unconditionally sanction and steer the essentials ideals of true democracy. This has not been the case not only in Syria but also in the Arab world, as well as in most parts of Africa. In much of the developing world, democracy is only a paper representation to some appealing political tune that thrives under authoritarian rule. Political science’s views on democracy Poli tics is a study that embroils both humanistic and scientific facets of socio-economic and political establishments. As a social science discipline, political science is concerned primarily with the studies of state, governance, politics, political parties, and policies that inform them (Lust-Okar 2006). Political science as a study deals exclusively in the theory and practicality of politics as well as the analysis of political parties and systems of governance such as democracy or authoritarianism. Most constitutions in democratic societies, according to Burnell (2004, p. 5), recognise the existence of political theories with pragmatic establishment of political institutions and practices. Political Science advocates for a highly scientific and fastidious attempt to explore human behaviour and events that have shaped political history and democratic processes. Moreover, political science as a study prepares individuals not just for employment, but also for survival given its effica cy in making informed citizenry that has the capacity to participate in the political processes within political parties and interest groups that nurture democracy (Freeman 2003). Political science further seeks to expand the scope of political advocacy. The discipline holds that democracy is a form of community organisation that explores service by the elected or appointed officials to the people. Therefore, democracy is the power behind the formation of political parties, and its efficacy is usually instrumental in revealing the underlying relationships between political events and the conditions that generate such parties (Jnos 2003). In essence, democracy seeks to construct the general principles for which societal politics works in line with the constitution and the policies under which a government operate. In practice, democracy intersects with political parties, theories of governance, and comparative politics. Political parties in a democracy The aim of every political part y is to position itself to form a government. Political science is more concerned with the allocation as well as the transfer and separation of power in decision-making. Political parties advocate for greater democratic space. In a way, they are effective channels to develop a politically moral society. Democracy guarantees what measures political parties can use to gauge the success or failure of a system within the rights and freedoms bestowed upon them by the constitution. Political science holds that under good administration, political parties are necessary for long-term political growth in emerging democracies. As Noel (2009, p. 2) notes, political parties have been instrumental in advocating for human rights and inclusivity in the concept of governance as a concrete system that seeks to extend the concept of democracy. Political scientists hold that democracy is the preserve of a meaningful civilised society. Without democracy in a society, governments may become a fetter to freedom, thus denying the parties the meaning for which they exist. Accordingly, political science holds that democracy can never be complete without liberalism. Essentially, this fact makes one political party to be different from another, and nations to be different in their approach to democracy (Lagon 2011). Consequently, different societies subscribe to different political positioning making democracy function differently in different societies. As such, democratic political parties recognise the eligibility of all their members, and the citizens have the endowment to participate in decisions that affect them as an entity. Autonomous political parties such as those found in the developed world are governed by representative democracies that recognise the power of the people. The fact that different political parties have different attitudes towards the idea of democracy makes parties to assume different approaches to governance, especially upon the commencement of state power. Promoting the concept of democracy Political science holds that promoting democracy in politics should be the preserve of all people in a society. Many parties would like to have a strong association with democracy, yet they usually fall short of the democratic standardisation measures. As Rahbek (2005, p. 229) observes, memberships in parties that do advocate for social equality usually feel a moral obligation to explore the full meaning of democracy without which, members usually quit. A modest majority rule in political parties favours the promotion of limited democracy in many liberal democracies. Whereas parties are inclined to dictatorial tendencies, the fear naturally is upon the assumption of power by such parties. Parties in power may turn to be more dictatorial, hence becoming undemocratic and consequently unpopular with the masses. In societies that are more inclined to undemocratic policies such as in Syria, the larger majority are usually left out hence yielding a feeli ng of marginalisation and consequently revolt. In such situations, the masses naturally regroup to put both diplomatic and public pressure on the states to reconsider the democratic rights of their citizens. Governance is a duty of every single individual in a society; as such, political parties in Syria must first seek to accommodate the aspirations of the Syrian people to have a wider appeal in the fight towards democratisation of the region (Saikal 2003, p. 293). Political parties that do not nurture democratic policies are substandard types of entities whose efficacy often demeans the concept of typical democracy that the people of Syria yearn for. To a given degree, all the discrepancies in the fight for democracy in the Syrian politics show open lack of a universal concept of democratisation. Political science holds that democracy is paramount in extending the hegemony of political parties; as such, political parties have an obligation to nurture democracy as a practice in all their endeavours. In dictatorial societies like Syria and Zimbabwe that view the West as a threat to their wellbeing, promoting democracy in political parties has always been an uphill task. In Syria, particularly, democracy is more of a western ideology, and often characterised by stiff objection from party stalwarts whose viewpoint mirror democracy as a promotion of strategic policies of the West (Heydemann 2013, p. 64). However, in mature democracies political parties view democracy as a concrete stake in extending the process of democratisation that gives rise to prosperity, pluralism, and greater peace in their regions. Political scientists often argue that without democracy in political parties, parties may end up being extremely radicalised, thus making them seek power through clandestine activities such as keeping private armies to overthrow the government. Controversial pathways of achieving the full dimensions of democracy and the archetypical mismatches between words and deeds continue to cloud appreciation of democracy in regions that does not nurture it in their political outfits. Political parties in Syria, as Sharp and Blanchard (2012, p. 275) note, exhibit conflicting priorities, and the Assad regime may not relent to give more space that is deemed democratic. If all political parties were democratic in Syria, then it would be easy to make elections free, fair, and transparent. Given that the realisation of democracy in the Syrian political parties is far from the truth, political activism within these parties is always imminent. Such activism often seeks to make the political parties more realistic to the desires of their membership. Moreover, political scientists hold that as parties become more democratic, their appeal progresses, thus making such parties secure greater membership. With minimal boundaries to membership, parties become more relevant to the masses, making them have greater positioning to take up the government in a free and f air election. Foreign policy naturally have the feeling of the masses and usually find it easy working with governments or political parties that cherish their ideals. Liberalism in the concept of governance is usually the interest of international community irrespective of which political parties are in power, and they habitually extend an olive branch to all elected governments. Recognising the mandate of political parties that are in government legally helps to preserve democratic appeal while making other less democratic parties to own up and nurture democratic practices (Lagon 2011). Most governments advocate sovereignty at the expense of democracy. Such practices deprive the political parties their meaningful roles in advocating for human rights and democracy in Syria. The popular opinion amongst civil society groups in Syria is that there is need to cut any link with political parties or governments that do not nurture democratic practices. Sheer interests by different bodies make it possible for parties to seek governance regardless of their approach to nurture democracy. The all-pervasive lack of free and fair elections in several parties in Syria show the great discrepancies in the realisation of this moral societal concept. In remote democracies such as Syria, party primaries are predetermined, not contested, but awarded to the ruling dynasties, or the money bugs, making party politic a big sham (Haldon 2010, p. 242). In civilised societies by comparison, party primaries are highly contested based on the suitability of individuals to the hold a public office. The idea of democracy in the developed world makes such governments robust and consistent in the delivery of their pre-election pledges. Overall, it makes sense to argue that democracy is the preserve of most, if not all, political parties. It explores the freedom where the citizens freely and equally participate in the civic duties while elected individuals remain accountable to the peopleâ₠¬â„¢s preferences. With democracy, political parties stand a formidable chance of appealing to the masses, thus making them accrue greater membership in readiness for state duty (Stepan and Linz 2013, p. 18). With greater democracy, political parties have the capacity to rule with the power of majority, which makes parties in power to govern smoothly with limited interference from the opposition. In many parties of the world today, democracy is the measure for which parties appeal for greater membership. As such, the political parties in Syria needs still have a lot to do in order to nurture democracy within their outfits before they face off with the undemocratic ruling regime. Without democracy, even the parties that stand a fair chance of winning elections may become intolerant, weak, and, finally, obsolete. This is so because many subscribers to an undemocratic party may opt out and seek allegiance in other parties that nurture democratic ideals. Democratic participation in Syri a The concept of participation in democratic process as a political or civic duty emphasises the link between the levels to which individuals within a society are informed. Observers of democratic participation reckon that institutional setup may not offer sufficient grounds to establish why some democracies flourish while others wallow in abject political limbo (Sharp and Blanchard 2012, p. 276). Of great importance in any democratic arena are the political orientations of individual citizens and the extent to which such individuals show congruency to the values of the institutions that make up a democratic system. Judging from the nature of political parties and their administration, this congruency is still a mirage. Political parties in Syria have shown a tendency towards militarisation and lack of consistency in the concept of democracy. While arguing the case for consistency with the political domains that characterise a people, active participation in the politics of extremis m is not necessarily the case. What has been the face of politics in Syria is not of active participation, but rather political extremism and ideological intolerance. There is a big disconnect with the knowledge for a greater common good that democracy pursues. Elements of a democratic stability, as Sharp and Blanchard (2012, p. 277) argue, consists of exclusively cognitive mobilisation. This in turn is propelled by an individual’s interest in public affairs as well as the possession of sufficient knowledge and the willingness to participate in a democratic process. Essentially these assumptions hold that individual citizens are doing the society the good whenever they take up their democratic roles in a political process. The logic of civic competence The logic of civic competence and the drive to have an impact in the concept of political life and shape the democratic process of a people delves essentially on the ability to grasp the political concepts that defines a people (Congress of Local and Regional Authorities 2011). Elements such as the logic of civic competence are essential ideals of democracy that the Syrian political landscape lacks in abundance. While this may be construed as true in the Syrian context, other schools of thought hold that active political participation and high levels of self-expression are essential for healthy democracy. In other words, these cliques of people insinuate that individual citizens are ill informed about political issues that characterise a people. The approach to democracy in Syria might be progressing on a lopsided scale considering their militarisation of politics. Whereas the Syrian leaders make little effort to shape the democratic process, the Syrian democratisation process, as Saikal (2003, p. 89) notes, could be under serious attack and great violation by the very people who should shape it, and give it a lifeline. Under these schemes of things, Shen and Liang (2014, p. 235) note that high levels of political consultation and participation are in great demand for a healthy democratisation process. Political scientists view mature democracy under the lenses of active participation in public life with an extremely well informed political background of the institutions of democracy that defines a people. The concept of faith in Syrian politics Faith is the basis of any religion; it is not just the conviction of the actuality of a given principle, rather it is the essentiality of the recognition of a principle as the basis for action. Faith is a complete trust in the Supreme Being, and it is a belief not necessarily based on proof whatsoever. The Islamic State of Iraq and al-Sham (ISIS) known precisely as the Islamic State of Iraq and the Levant (ISIL) has its names and acronyms used interchangeably for the perfection of faith (A precarious balancing act Lebanon and the Syrian conflict 2012, p. 175). Accordingly, with faith, the believer finds the right path, seeks the truth, and s talks out the course of life in the concept of reality. On the other hand, the unbeliever surges towards one misconception after the other while groping into the dark. Faith reveals to the believers the promise of unconstrained progress with the resounding success in the land of the living, whereas ignominy and failure are essentially the category of those who refuse to profess their faith. In fact, the ISIS concept of faith is a revolutionary model. Amongst the ISIS, faith is a tremendously potent doctrine, which is the very foundation of Islam. However, the dissimilarity existing between unbelievers and believers is not the result of clinging to a particular faith. The prehistoric religious divide continues to fuel a resurgence of political hard-line in much of the Muslim world (Council on Foreign Relations 2012). Perpetual struggles between Shia and Sunni Arabs are nothing less than a region sharply divided on political positioning and religious rivalries that threaten to alter t he map of the Arab world. Between the Sunni and Shia Arabs, there is deep-rooted suspicion that spurs violence, creating tensed relationships in the Syrian politics (Council on Foreign Relations 2012). In addition, sectarian affiliation plays an impeccable role in the politics of the Sunni and Shia Arabs in Syria, making democracy hard to realise. While the political standoff between Sunni and Shia Arabs has deep roots in a history of treachery and sadism that runs through the centuries, the government in Syria has made no effort to stem this historic outrage. Shia identity is entrenched in victimhood culminating to the killing of Prophet Mohammed’s grandson, Husayn, during the last quarter of the seventh century. Moreover, the Shia has had a long history of marginalisation and domination by their Sunni counterparts (Council on Foreign Relations 2012). Islam’s dominant faction, the Sunni Arabs, who constitute the world Islamic largest population, view Shia Arabs with s uspicion, and the radical Sunni dissidents have portrayed Shias as traitors and heretics, hence the persistent conflicts in Syria. Conclusion It is no doubt that the mounting sectarian hard political positioning based on an approach to succession politics and differing opinions on Islamic religious conviction continue to spark the revitalisation of transnational jihadist networks that keep on scuttling the democratic process in Syria. Mass support for a democratic process is entirely a good idea for a healthy democracy, especially as far as it is passionately motivated. Concerted support for political militarisation as a process to achieve democracy could a trajectory that defines the path to a democratic meltdown. Self-expression, moral political values and high levels of political participation and consultation reflects a valuation of political tolerance capable of nurturing a mature democracy in Syria. In fact, such values do imply, to some extent, the inherent preferences for a kind of political institution that most efficiently guarantees human choice - knowledge. Since knowledge is the basis of independent thinking, citizens must be well versed with the institutions that guarantee the democratic process to shape the course of their public life. Clearly, high levels of self-expression values and political participation are essential for healthy democracy in Syria. References A precarious balancing act Lebanon and the Syrian conflict 2012, International Crisis Group, Beirut. Berlatsky, N 2012, The Arab-Israeli conflict, Greenhaven Press, Detroit. Burnell, P 2004, Westminster foundation for democracy: Building better democracies, wfd.org/upload/docs/wfdbbd5_noprice.pdf. Congress of Local and Regional Authorities 2011, Youth and democracy: The changing face of youth political engagement, https://wcd.coe.int/ViewDoc.jsp?id=1980145Site=COE/abstract. Council on Foreign Relations 2012, The Sunni-Shia Divide, cfr.org/peace-conflict-and-human-rights/sunni-shia-di vide/p33176#!/ Ehteshami, A 2008, Reform in the Middle East oil monarchies, Ithaca Press, Berkshire. Freeman, G 2003, Political Science, and Comparative Immigration Politics, tulane.edu/~dnelson/PEMigConf/Freeman.pdf. Haldon, J 2010, Money, power and politics in early Islamic Syria a review of current debates, Farnham Surrey, England. Henry, C Springborg, R 2001, Globalisation and the politics of development in the Middle East, Cambridge University Press, Cambridge, UK. Heydemann, S 2013, ‘Tracking the Arab Spring: Syria and the Future of Authoritarianism’, Journal of Democracy, vol. 24, no. 4, pp. 59-73. Hunter, B 2007, American commitment to Middle Eastern stability and containment, http://brookehollidayhunter.com/wp-content/uploads/2012/03/American-Commitment-to-Middle-Eastern-Stability-and-Containment.pdf. Husseini, R 2012, Pax Syriana elite politics in postwar Lebanon, Syracuse University Press, New York. Jnos, S 2003, The change of function of political parties a t the turn of millennium, icps.cat/archivos/WorkingPapers/wp219.pdf. King, S 2009, The new authoritarianism in the Middle East and North Africa, Indiana University Press, Bloomington. Lagon, P 2011, Promoting democracy: The Whys and hows for the United States and the international community, cfr.org/democratisation/promoting-democracy-whys-hows-united-states-international-community/p24090. Lust-Okar, E 2006, Reform in Syria: Steering between the Chinese Model and Regime Change, http://carnegieendowment.org/files/CEIP_CP_69_final1.pdf. Merrill, D 2006, ‘The Truman Doctrine: Containing communism and modernity’, Presidential Studies Quarterly, vol. 36, no. 1, pp. 27–37. Morlino, L 2002, What is a â€Å"good† democracy? Theory and empirical analysis, Institute for International Studies and Stanford University Press, Florence. Noel, H 2009, ‘Ten things political scientists know that you don’t’, The Forum, vol. 8, no. 3, pp. 1-4. Rahbek, B 20 05, Democratisation in the Middle East dilemmas and perspectives, Aarhus University Press, Aarhus. Saikal, A 2003, Democratisation in the Middle East experiences, struggles, challenges, United Nations University Press, Tokyo. Sen, A 1999, ‘Democracy as a universal value’, Journal of Democracy, vol. 10, no. 3, pp. 3-17. Sharp, J Blanchard, C 2012, Armed conflict in Syria U.S. and international response, Congressional Research Service, Washington, D.C. Shen, F Liang H 2014, ‘Cultural difference, social values, or political systems? Predicting willingness to engage in online political discussion in 75 societies’, International Journal of Public Opinion Research, vol. 27, no. 1, pp. 111-124. Shin, D 2013, Is democracy emerging as a universal value? A Contrarian perspective, https://www.yumpu.com/en/document/view/33029136/is-democracy-emerging-as-a-universal-value-asian-barometer. Stepan, A Linz, J 2013, ‘Islamists and the Arab Spring?’ Journal o f Democracy, vol. 24, no. 2, pp. 15-30.

Newtons Second Law Essay Example

Newtons Second Law Essay Example Newtons Second Law Paper Newtons Second Law Paper To confirm the relationship between the net force applied to a body and the bodys acceleration.Background:This experiment has two parts; Part A: How does the acceleration of a trolley change as you change the weight of the total mass on a mass holder supported by a pulley?; Part B: How does the acceleration of a trolley change as you change the weight of the total mass on the trolley itself?When the trolley is released, it accelerates to the right due to the mass on the mass holder, passing through two light gates. A scalar timer connected to each light gate records the time taken for a card mounted on the glider to pass through the light gate The time recorded at the two light gates is used to calculate 2 different speeds of the glider, and hence the acceleration of the glider may be found.Equipment: Trolley, 2 light gates, 2 scalar timers, masses, string, card, ruler, electric scalePart A:Data Collection:Mass of Weight (g)Time (s)Trial 1Trial 2Trial 3Trial 4LG1LG2LG1LG2LG1LG2LG1LG2 300.840.440.870.450.850.440.860.44400.620.330.640.320.630.320.620.32500.520.280.530.270.530.270.530.27600.450.240.460.240.460.240.460.24700.420.220.420.220.410.210.410.21800.390.200.390.200.390.200.390.20900.370.190.360.190.360.190.360.191000.340.170.340.180.340.170.340.181100.320.170.320.170.320.170.320.171200.300.160.300.160.300.160.300.16Constants:Mass of car 607.8 gDistance between light gate 1(LG1) to light gate 2 (LG2): 30 cmCard length: 17 cmData Processing:To convert the masses to forces we must do the following. Since the measurements are taken in grams we need to divide by 1000. This makes our measurements change to kilograms. After that we need to multiply by 9.8 because 1 kg is 9.8 N.Mass of Weight (g)Force (N)300.29400.39500.49600.59700.69800.78900.881000.981101.081201.18Since we have more than one trial for each mass, we need to find the average times for each mass.Average Times:Force (N)LG1 Time (s)LG2 Time (s)0.290.860.440.390.630.320.490.530.270.590.460.240.690.420. 220.780.390.200.880.360.190.980.340.181.080.320.171.180.300.16If then to calculate the velocity we will take the length of the card (17 cm) which is d, and divide it by the average times.Velocities:Force (N)LG1 Velocity (ms-1)LG2 Velocity (ms-1)0.290.200.380.390.270.530.490.320.620.590.370.710.690.410.790.780.440.850.880.470.890.980.500.971.080.531.001.180.571.06To calculate the acceleration we will need to use the following equation for motion:The next step is to make a (acceleration) the subject of the equationThis means that, where v is final velocity, u is initial velocity, and s is the distance traveled which is a fixed value of 30 cm (Distance between Light Gate 1 and Light Gate 2)Acceleration:Force (N)Acceleration (ms-2)0.290.180.390.340.490.480.590.610.690.760.780.890.880.970.981.161.081.201.181.35There is a linear relationship in this graph; this shows that the net force is directly proportional to the acceleration.Part B:Data Collection:Additional Mass of Cart (g)Time (s)T rial 1Trial 2Trial 3Trial 4LG1LG2LG1LG2LG1LG2LG1LG200.390.200.390.200.400.200.400.20500.420.210.430.220.420.210.430.221000.460.230.460.230.450.230.450.231500.490.250.500.250.490.250.490.252000.510.260.500.250.520.270.510.262500.540.280.550.280.540.280.550.283000.580.290.570.290.590.290.570.293500.610.310.610.310.610.310.610.314000.660.340.650.330.660.350.650.344500.790.390.780.390.800.400.780.38Constants:Mass of car: 407.7 gDistance between light gate 1(LG1) and light gate 2 (LG2): 30 cmCard length: 17 cmMass on Pulley: 50 gData Processing:Mass of Cart:To find the mass of the cart we need to add the initial mass of the cart to the additional mass added onto it. We also need to convert this number into kilograms.Additional Mass on Cart (g)Mass of Cart (g)Mass of Cart (kg)0407.70.4150457.70.46100507.70.51150557.70.56200607.70.61250657.70.66300707.70.71350757.70.76400807.70.81450857.70.86Since we have more than one trial for each mass, we need to find the average times for each mass.Av erage Times:Mass of Cart (kg)LG1 Time (s)LG2 Time (s)0.410.400.200.460.430.220.510.460.230.560.490.250.610.510.260.660.550.280.710.580.290.760.610.310.810.660.340.860.790.39If then to calculate the velocity we will take the length of the card (17 cm) which is d, and divide it by the average times.Velocities:Mass of Cart (kg)LG1 Velocity (ms-1)LG2 Velocity (ms-1)0.410.430.850.460.400.790.510.370.740.560.350.680.610.330.650.660.310.610.710.290.590.760.280.550.810.260.500.860.220.44To calculate the acceleration we will need to use the following equation for motion:The next step is to make a (acceleration) the subject of the equationThis means that, where v is final velocity, u is initial velocity, and s is the distance traveled which is a fixed value of 30 cm (Distance between Light Gate 1 and Light Gate 2)Acceleration:Mass of Cart (kg)Acceleration (ms-2)0.410.900.460.770.510.680.560.570.610.520.660.460.710.440.760.370.810.300.860.24Since we are getting a hyperbola shape in the graph, we will try to graph Mass of Cart vs. Acceleration-1 to get a linear relationship.I think that the last two points are outliers and they have been subject to lots of error. This is why I will draw the graph again without including them in the trend line.These graphs show that the mass of the cart is inversely or indirectly proportional to the acceleration. This means that the mass of the cart is directly proportional to the inverse of the acceleration.Conclusion and Evaluation:Figure 1Figure 2The aim of this lab is to confirm the relationship between the net force applied to a body and the bodys acceleration. The experiment has two parts: Part As aim is to see how the net force applied to a body affects the acceleration and Part Bs aim is to see what happens to the acceleration as you increase the mass of the cart.Obviously, the higher the net force on a body, the larger its acceleration. This is the obvious thing we found out from part a. In part B we found out that as the mass of the cart increased, its acceleration decreased. This is where the errors come in.This experiment was designed in a way the friction would be very minute or inexistent. The first set-up is using an air track; this allows the vehicle to move freely without friction due to a cushion of air being blown through the air track. The second set-up is using a friction compensated runway; this runway cancels out the effect of friction. However, our set-up included friction; this means that our results are distorted. The other thing is that all the values for the acceleration are lower than the actual value. This is because of Friction; all these calculations neglect the effect of friction. Friction makes a body move slower, slow moving bodies have a large inertia, so all the values of Mass are larger than the actual value.Assume there are two bodies, body A and body B. They are traveling on different surfaces but are pushed with the same force. Body A has a smaller net force than body B; there fore you assume that Body A has a larger mass than Body B or Body B has a larger acceleration than Body A. What if I told you that this is not the case? Maybe Body A and Body B have the same mass, what would you think? It would be logical to think that there are other forces acting on the system, Friction. Body A is traveling on a wooden surface (friction is present), Body B is traveling on a slippery, frictionless surface (friction is not present). So Body A doesnt have a larger mass than Body B, its just the surfaces that make us think so. This is the same here; these calculations assumed that friction was something else, which is why there are absurd numbers.If then imagine that a tension force of 1 N is acting on a body which is accelerating a 5 meters per second squared. and and This means the mass of the body equals 0.2 kilograms. What is happening in our situation is that our acceleration is smaller than it should be due to the other forces acting on the cart, like friction a nd air resistance. For example, instead of 5 ms-2 it is 4ms-2. This causes for there to be an error in our calculations.and and . This means the mass of the body is 0.25 kilograms- but its not. This value is larger than the real value, and this is exactly what is happening to us.The same problem exists in Part B. The net force is always less than the real value, 0.49 N. This is due to the other forces acting on the body like friction and air resistance., in part B the net force is always constant and the mass and acceleration are always changing. Since the acceleration is going to be smaller than it should be (due to the other forces acting on the body) the net force will also be smaller than it should be.The other problem with including friction comes in part B. When you add weights on the cart, you increase the force of gravity acting on the cart and the force of normal reaction acting on the cart (Figure 2). But, as you increase the mass of the cart you push the cart and make it come closer to the surface it is in contact with. This increases the force of friction and makes is increase as you increase the mass of the cart.The other (smaller) errors in our lab were the following. Firstly, the way we released the weight that would pull the cart was different each time, there is no way of keeping that the same no matter how hard we try. Secondly, we drew a line that shows where we are supposed to release the cart; the cart will never be in the same position as it was the first time we released it. Finally, we did this lab in two sittings, this means the environment changed and we had to make some adjustments, this affected the accuracy of our lab.To ensure the accuracy of our lab we did many things. Firstly, we measured the distance between the light gates more than one and between trials. Secondly, we made sure that the light gates were placed parallel to the edge of the counter. Also, we drew a line that would show us where we should release the cart. Next, we did four trials instead of three or one trial. We weighed the cart more than once and we measured the length of the card more than once as well. Finally, we tried to keep the lab as accurate as possible by doing the same jobs each time because everybody does their own job in their own way and if that way was kept constant than our results would be more accurate.Next time, we will use a different set-up, preferably with an air-track and a very streamlined glider. We will take even more accurate measurements so that our data would be even more accurate than it is. We will make sure we are releasing the cart from the same place each time, even if it means we need to use a magnifying glass. We will also try to do this lab in one sitting. Finally, we will try to come up with a way in which we will release the cart so that it would be the same each time.

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