Analysis of Leadership and Management Research Paper

Examination of Leadership and Management - Research Paper Example Consequently, change is a ceaseless procedure in an association. It goes about as a viable device, which causes the association to accomplish its objectives and destinations. Change is conceivable just when the workers are prepared to acknowledge the change. Along these lines, change prompts the change from the old state to the new state, which causes an association to comprehend its outer and interior conditions. (Collett, n.d.). Fruitful change the executives requires representatives backing and top administration support. At the point when the change can't be overseen in a deliberate manner, there will be a decrease in profitability and quality. Consequently, while actualizing the change for the most part individuals are not intellectually and truly fit to acknowledge the change since representatives are moving their old method of doing the things and therefore there will be absence of certainty and unfaithfulness among the workers. To wrap things up change will prompt an expansio n in truancy. In the event of compelling change the board, there will be an expansion in profitability and association standard, the representatives will begin contributing thoughts and giving arrangements towards the issues, employees’ intrigue, and inspiration level ascent up.â â To exist in the serious market, an association needs to acquire social change workers so as to assist them with adjusting to the new hierarchical culture. Along these lines, change centers around making another item. For instance, Tea Gardens, Jute Mills and so forth are rewarding associations however they have been changing from hand to hand maybe on the grounds that the new ones are not capable like the prior ones. That is the means by which changes are ceaselessly going from years to years. Change consistently requires an additional push to learn new things since it gives a chance to individuals to feel answerable for the achievement of work. From the speculations and models of the change the executives, we for the most part build up our comprehension of arranged hierarchical change. As indicated by Kotter’s system, change the board centers around expanding representative inspiration and empowering him/her to embrace the change (Heathcote and Taylor, 2007, p.2-7). The expla nation for the effective association change is solid authority and teaching the representatives about the change that will happen in everyday exercises of the association. Kurt Lewin spoke to the three-phase procedure of progress so as to get the change the association. His model is, known as Unfreeze-Change †Refreeze. At the Unfreezing stage, the directors teach the individuals about the change.â â

ACG 2021, Introduction to Financial Accounting, Spring 2001, Exam 3 Final :: UFL Florida Business Accounting

2021FINALSP01 5/9/2001 FORM CODE: A Page 1 ACG 2021 †FINAL EXAM SPRING 2001 NAME _____________________________________ SS# ____________________________ Guidelines: Presently: Bubble in your area number on your Scan Sheet. Fill in your name and government disability number on this assessment and your sweep sheet. 1. Listen cautiously for any remarks your delegate may have identified with the test. Peruse these guidelines cautiously. Inability to do so may bring about your losing focuses. 2. This test comprises of 60 numerous decision questions. Select the BEST answer and imprint the proper space on the sweep sheet with a #2 pencil as it were. You MUST keep your sweep sheet face down on the work area at the point when you are not filling it in. 3. You may utilize ONLY a non-programmable number cruncher during the test. Utilization of some other number cruncher will be considered an infringement of the respect code. Your test will be taken from you and you will get an evaluation of 0. 4. Toward the finish of 2 hours, you will be advised to stop. Put your pencils down IMMEDIATELY. Inability to do as such will bring about your accepting a zero for the test. 5. The test comprises of 16 pages, including this spread, present worth tables and a clear page toward the end. Ensure you have all pages and all inquiries. 6. Have your University of Florida Identification card fit to be checked when you turn in your test. 7. Expect the bookkeeping elements utilize a schedule year except if in any case noted. 8. Except if in any case indicated, accept a 360-day year. 9. At the point when you are done, turn in your output sheet, just as your test. Answers will be posted on the web after the tests are given back in class. 10. The University of Florida arrangement on scholastic trustworthiness will be carefully implemented. At the point when you are advised to open your test, go to the first page and discover your test structure code. Promptly bubble this in on your scantron. 2021FINALSP01 5/9/2001 FORM CODE: A Page 2 1. Which of coming up next is generally NOT viewed as a drawn out obligation? A) Bonds payable. B) Mortgages payable. C) Accrued post-retirement benefits. D) FICA charges payable. E) None of the above is right. 2. The impact on all out resources of the acquisition of provisions for money is An) an expansion in complete resources B) a diminishing in complete resources C) all out resources stay unaltered D) an expansion in complete resources and absolute liabilities E) an expansion in absolute resources and current proportion 3. Which of coming up next isn't ordinarily a condition that must be met for income to be perceived (recorded) under the income guideline? A) The income procedure is finished or about complete

Essay On Origins Of World War -- essays research papers

The proposition in the article ‘The beginnings of the World War’, by Sidney B. Fay, can obviously be expressed as the clarification for World War I. Fay expresses that nobody nation is answerable for the production of the war. Moreover, he proceeds to clarify that every one of the European country’s pioneers did, or neglected to do ‘certain’ things to incite different nations into a war. Fay states, â€Å"One must desert the announcement of the Versailles Treaty that Germany and her partners were exclusively dependable. It was a decree demanded by victors from vanquished, affected by the visual impairment, obliviousness, scorn, and the proselytizer misguided judgments to which war had given rise.† (Fay, The Origins of the World War). His primary contentions are his clarifications of how every nation was liable for the making of the war. His first clarification is that of how Serbia was incompletely mindful. Fay clarifies that Serbia realized th at by not co-working with the Austrian government over the ramifications of the Archduke Francis Ferdinand death they were by implication getting ready for a war they would battle yet didn't need. Fay says that Austria was more answerable for the war than some other force yet not in military assault, yet more as self-preservation. He clarifies that Austria was advocated in their fight and that they didn’t need to, â€Å"sit back and anticipate the evisceration on account of its neighbors.† (Fay, The roots of the World War). Fay accepts that Berchtold needed a nearby war with Serbia however knew and was content with the way that the remainder of Europe could without much of a stretch become engaged with the war. Fay’s third country’s clarification was that of Germany. He accepted that Germany didn't need a war and attempted to deflect one totally. It is his conviction that since Austria was Germany’s just reliable partner, they were hauled into the war. Moreover, he clarifies that Germany’s geological area, being in the contention among France and Russia, they had minimal decision in the issue and needed to protect their domain just as Austria-Hungary’s. Fay’s fourth nation and significant force talked about, was Russia. He accepted that Russia bolstered Serbia in light of the continuous direction and support given at Belgrade, and if a war were to break out they would glad to battle alongside the conviction of France and Britain assisting. Moreover, at the equivalent ... ...to win this mainland war, if it somehow managed to end up like that. They likewise thusly had the conviction that ‘France may freeze, and prompt peace’. This would have been a political success in the German’s books. This would have ‘split Russia from France and detach both without war’. In spite of the fact that this subsequent point was accepted to be far-fetched by the German’s it despite everything was an upbeat, and consoling chance. Fischer at that point proceeded to state that Hollweg disclosed to Bulow that any war that was to happen would last at the most three to four months. Hollweg then proceeded to clarify the conceivable outcomes of a ‘friendly relationship’ with England, and afterward through England, a comparable kinship with France. He at that point expressed this would deliver a triple coalition with England, France, and Germany all stifling the presence of Russia, which would handily undermine the human advanc ement of Europe. Fischer at that point closes his article in Hollweg’s address to the Central Committee of the Reichstag toward the start of October during the regularly expanding banter on the boundless submarine fighting. Fischer expresses that, â€Å" †¦ this layouts Germany’s genuine blame, her consistent over-estimation of her own forces, and her misinterpretation of realities.†

Volcanoes Effect on Climate Change - Free Essay Example

Earths climate has continued to change throughout its history. In the beginning, when Earth was first created, volcanic eruptions contributed to the creation of the early atmosphere. Supervolcanoes have had the largest impact on Earths past climate, causing global changes that last for several years. Recent volcanic eruptions continue to alter Earths climate and atmosphere. However, humans have had a much larger impact on climate change. Their large emissions of carbon dioxide have had much more serious impacts on climate change than volcanic eruptions have. Although volcanoes have largely contributed to past and current climate change, human emission of CO2 has caused much more drastic and long lasting effects. Effects of Past Volcanic Activity Volcanoes have been extremely important since the early history of Earth when, through outgassing, they helped create Earths early atmosphere. Volcanic eruptions occur when magma travels up to Earths surface through faults and fissures in the mantle and erupts as lava through summit or flank vents. These eruptions release lava, pyroclastic debris, and gases into the atmosphere. During the Hadean period, volcanic outgassing was the main source that contributed to the gases in Earths early atmosphere, which consisted mainly of water vapor, carbon dioxide, nitrogen, methane, and ammonia (OSU, 2018). Once the Earth had cooled enough, water vapor began to accumulate and came down as rain, forming the first bodies of water. During this period, the atmosphere contained no free oxygen. The amount of oxygen did not increase until the first forms of life appeared and began converting carbon dioxide that had been released by volcanoes into oxygen (OSU, 2018). There were many large eruptions in the history of our planet that had large impacts on the climate and life on Earth. Supervolcanoes, which eject huge amounts of lava and ash much larger than other types of common volcanoes, have been one of the leading causes of climate change in Earths past. Supervolcano eruptions such as Yellowstone, Toba, and Taupo have caused more drastic and long-lasting effects to Earths climate compared to smaller volcanic eruptions (Jones et al., 2007). The ash erupted into the air spreads out radially with the finer particles spreading far across countries and even continents. Nearer the volcano, larger ash and rocks fall to the ground, covering plants and causing large amounts of deforestation. This affects different cycles such as the carbon and water cycle in the nearby areas. The aerosols remaining in the atmosphere can also cause acid rain, bringing the chemicals in the air back down to the earth (Jones et al., 2007). Past supervolcanic eruptions have also released H2SO4 aerosols into the atmosphere which blocked the suns radiation from reaching Earth. This caused both the atmosphere and Earths surface to cool significantly in the nearby area and for slight cooling at a global level. Many of the effects of these large volcanic eruptions lasted for a couple years (Jones, 2007). Effects of Recent Volcanic Activity Several more recent eruptions have continued to add elements into our atmosphere, affecting the current climate. One example of a recent volcanic eruption that had a large impact on the climate was the eruption of Mount Pinatubo in the Philippines in 1991. This eruption was so large that the volcanic plume reached the stratosphere, where strong winds spread the ash far across the Earth. The aerosols blocked the radiation from the sun by absorbing and reflecting sunlight. This caused global cooling that lasted for around two years (NASA, 2001). Several other eruptions have occured in the recent past that have similarly affected the climate many at much lower scales. Although volcanoes can affect the climate at a global scale, their effects are usually only short lived (Kappelle et al., 1999). CO2 From Volcanoes and Humans Volcanoes have introduced many gases into the atmosphere during eruptions with one of the most common being CO2. Carbon dioxide is released by volcanoes both through eruptions and from underground magma rising through rocks, soil, and water. (Scott, 2016). Large volcanic eruptions can inject millions of tons of CO2 into the atmosphere. An example is the eruption of Mt. St. Helens in 1980, where around 10 million tons of CO2 was released. Even with similar amounts of carbon dioxide being released by other volcanoes, the amount released has not been enough to show clear signs of contributing to global warming (USGS, 2018). This large amount of carbon dioxide being released by volcanoes is small compared to the amount humans continuously emit each year. In the short period that humans have inhabited earth, they have had a much larger impact on the release of carbon dioxide than volcanoes have. In 2010, humans released close to 35 billion tons of CO2 into the atmosphere, which is more than several volcanic eruptions put together. Also, large volcanic eruptions only happen once every few years while humans constantly burn fossil fuels that release large amounts of carbon dioxide into the atmosphere (USGS, 2018). The amount of carbon dioxide released into the atmosphere has continued to increase since the Industrial Revolution with the creation of large factories and the increase of automobiles. Around 2000 billion metric tons of carbon dioxide have been released into the atmosphere from industrial activities since then (Scott, 2016). Many studies have been done to show how the doubling or quadrupling of carbon dioxide would affect the atmosphere and climate. By creating circulation models, these scientists have found that the large a mounts of CO2 being released have caused general warming and increased moisture in the atmosphere (Manabe and Wetherald, 1980). Other studies comparing the amount of carbon dioxide released by volcanoes to the amount released by humans have shown that, on average, humans produce around 90 times more global emissions (Scott, 2016). This shows how humans are having a much larger impact than volcanoes on climate change. The increase of carbon dioxide being released into our atmosphere by both humans and volcanoes has been contributing to the greenhouse effect. The greenhouse effect, which traps heat in the atmosphere by preventing it from leaving Earth, is caused mainly by four different elements. These elements include water vapor, nitrous oxide, methane, and carbon dioxide. Carbon dioxide has been the element that has increased the most in the atmosphere and is the main cause of climate change (NASA, 2018). Although both humans and volcanoes have released carbon dioxide into the atmosphere, humans have done it a much larger and more dangerous scale. Human emissions of CO2 are constant and are caused mainly by the burning of fossil fuels, deforestation, and other industrial activities. (NASA, 2018). These emissions have had a much greater effect on global warming and the greenhouse effect than all volcanic eruption from the same time period put together. Conclusion Overall, human activities are the leading cause of climate change. Volcanoes may have caused changes to Earths atmosphere and caused global cooling that lasted several years, but the effects humans have had last much longer and are at a much larger scale. Ever since the Industrial Revolution, the amount of carbon dioxide in the atmosphere has increased. Volcanic eruptions have contributed slightly to this, but the majority comes from human activity. On a geologic time scale, this increase in carbon dioxide has occurred very suddenly. Volcanic eruptions over Earths history have released carbon dioxide and other elements, but at a much smaller scale than is currently being done by humans. Many of the effects of climate change are irreversible and if humans want to prevent the greenhouse effect from worsening in the future, then they should decrease the huge amounts of deforestation and the large use of fossil fuels that occurs each year.

Putting an End to Deforestation - 1941 Words

Putting an end to deforestation has been a political goal for many years. The forest provides us with essential materials that we need for our everyday lives, like paper. It is a source of renewable energy for some people and it has become one of their main sources for food and living. Wood is also still the main source today in heating and cooking. Demand for wood products is increasing in these past few years. Trade in forest products increased by 15 percent in 2010. (Global Forest Product Trade Slows on Weak Demand From China, EU, USDA) It contributes to more than 4% of global trade. The restoration of the forests would provide economic benefits up to $80 million. Moreover, deforestation can also result in species extinction because the habitats of animals are destroyed by wildfires. Most importantly, it affects us as humans because the amount of oxygen in the atmosphere is lessened. Therefore, deforestation is a global major problem because it increases the chances of global warm ing occurring and forests should be sustained because they benefit the economy and the environment by providing us essential materials, habitats for animals, and the basic necessity we need in order to survive, oxygen. Firstly, there are many factors that contribute to deforestation, the main one being for agricultural reasons. People would cut down trees to make land for homing and land available to farmers that want to grow crops. As cities are growing and more buildings are being built, moreShow MoreRelated Deforestation and the Elimination of Natural Habitats Essay1741 Words   |  7 Pagesand loss of the natural habitats and forests that prevent these catastrophes. Anti-deforestation activists struggle for the protection of animals? natural habitats and forests, arguing that their loss is irreparable and the Earth will become unable to sustain a sufficient balance. 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According to the Environmental Protection Agency â€Å"Carbon Dioxide is the primaryRead MoreGlobal Warming Is A Big Problem1320 Words   |  6 Pagesgreenhouse gases created. Another big solution to global warming is stopping deforestation, which is cutting down trees or forests for land. Deforestation has a large impact on global warming for example, †Tropical deforestation accounts for about 10 percent of the world’s heat-trapping emissions — equivalent to the annual tailpipe emissions of 600 million average U.S. cars†(Global Warming Solutions. Union). The main reason deforestation occurs is so the land can be used for farming or to build houses onRead MoreAnalysis Of Earth s Blanket 1253 Words   |  6 Pagesto the National Geographic, one of the largest scientific and education intuitions in the World, deforestation is clearing Earth s forest on a massive scale, often resulting in damage to the land, (National Geographic, Deforestation). 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Imagine walking outside and the smog is so thick and dense, there is no visibility. These things are not up for an argument, oxygen and water are necessities for human existence. An unknown author from National Geographic stated â€Å"The biggest driver of deforestation is agriculture. FarmersRead MoreDeforestation : Deforestation And Deforestation2094 Words   |  9 Pagesto deforestation. The Amazon is the world’s largest t ropical rainforest and it is the world’s source of oxygen. Deforestation has slowed down years ago, but now, it is starting to increase and does not show that it will slow down. Earth without tree’s, the human race and animals would not be able to survive. Today’s society is not taking deforestation as a serious matter. If deforestation were to be left alone, the planet and animals would not be the only ones suffering from it. Deforestation is

Generally Securities Accepted Accounting Principles

Question: Discuss about the Generally Securities Accepted Accounting Principles. Answer: Introduction This paper gives an analysis of the accounting standards as required by International Financial Standards (IFRs) and US Generally Accepted Accounting Principles (GAAP) frameworks to compare methodologies of recording financial data and usefulness of the financial information reported. The GAAP standards are commonly used in United States of America while IFRS are the largely practiced around the world with 110 countries Australia being one of them (Mirza Nandakumar, 2013). I have used KS Corporation Limited in Australia and Ryder Supply Chain Limited to analyze the difference in accounting for assets, liabilities and revenues in the financial reporting. Both KS Ltd and Ryder Ltd are public traded companies in their respective countries of operation. KS is listed in the Australian Securities Exchange (ASX) while Ryder is listed in the New York Securities Exchange (NYSE). Both companies are involved in commercial transportation, supply chain management and logistics. Nevertheless, KS limited uses IFRs standards to keep it financial records while Ryder Limited uses the US GAAP standards it financial statements. This paper will seek to understand which methods used by either company provide decision useful information to the stakeholders of the company. It will involve definition, recognition and methodology of measuring amounts to be entered in the respective elements of balance sheet. This will enable me draw conclusions on the topic under study. Assets Assets are resources owned by a company. They represent resources acquired through transactions and have future economic value that can be measured through monetary terms. Assets can either be fixed or current in respect to the time that they can be converted to liquid cash. According to IFRs, assets are resource owned or controlled by an organization, from a past event and which a firm expects a future economic benefit inflow from it. According to GAAP standards, assets are defined as resources with probable economic rewards that have been acquired or managed by an organization from a past event. In both accounts, assets are recorded in accrual basis. Assets recorded in both accounting standards are inventory, account receivables, depreciations, cash, plant, property and equipments (Botosan Huffman, 2015). There are several similarities in both accounting standards to report reliable and financial information to the stakeholders. Despite these similarities, there are differences in arriving to some amounts to be recorded in the assets account due to different methodologies and rules. These differing techniques are discussed below. Inventory The costing method used by US GAAP is LIFO. LIFO is the generally accepted method in reporting the cost of inventory of an entity. Consistent cost formula to be used in valuing the cost of the inventories is not required in the US GAAP. Contrast, LIFO is prohibited in the IFRS standards. It a requirement that the same formula is followed to measure inventories of the same nature (Jana Jitka, 2014). Additionally, the US GAAP valuation of inventory is carried out at the lower cost. On the other side, IFRS carries out measurement at a cost lower of net realizable value. The net realizable value used in IFRS is the estimate of the net amount that stock in an entity is expected to yield. The market cost used by US GAAP is the current replacement cost. For instance, The Ryder System INC whose inventories is fuel, vehicle parts and tires are valued by use of the lower of weighted average cost or market at $ 63725000 and $ 66007000 for the year 2015 and 2014 respectively. The LIFO method used by Ryder System helps the decision makers to vary uncertainty of the factors beholds their control like inflation. The KS Corporation has reported it inventories for 2015 as $3963000 and $3730000 for 2014. The method used to determine the inventory in KS limited is lower than net realizable value which increases the tax burden for the inventory. Although the method can result to high profits if there is deflation in the economy. From this analysis, Companies using US GAAP to value inventory gave more useful decision information than the ones using the IFRS standards Depreciations Both standards require systematic recording of long lived assets. The rules governing the process are the ones that are different in this category. Recording accumulated depreciations in US GAAP and IFRS standards are differentiated by what to be included in the models in the process of measuring. For instance, assets are not allowed to be revaluated under the US GAAP standards. This is different to IFRS standards that permit revaluation of assets for the entire class making them to be valued at a fair value regularly (Cook, 2005). Also, the depreciation of assets components is allowed by the US GAAP standard though it not common among entities. This is different to IFRS standards where component depreciation is only required whenever the components of an asset do have a differing patterns of value. The Ryder System INC reports it assets depreciation by using the historical cost model .It accumulated depreciation and impairment loss are deducted from the historical value of acquiring the asset. This is different from KS Corporation who is allowed by IFRS standards to revalue their assets to the current market value despite the accumulating depreciation. From the above analysis, KS Corporation is able to represent the fair value of it assets in the financial statements compared to Ryder system INC because the value reported is valued according to the market value. The fair value reflection on the financial reports gives an entity more useful decision information than their counterparts that does not revalue assets. Impairment of fixed intangible assets and goodwill Though these assets are not tested annually, they differ in procedures of valuation when impairment indicates. Both standards require impaired assets be recorded in the financial statements and incase of impaired loss to be recognized. The US GAAP standards require a two step approach. The recoverability test is first to be performed. Impairment process is compulsory where intangible assets cannot be recovered. While in the IFRS standards, a one step approach method is used for determining impairments (Martnez-Torres, 2013). It is done when the impairment indicators exist. Allocation for goodwill is done in the reporting unit as required by the US GAAP standards. While in the IFRS, goodwill is allocated to cash generating unit. It here where the goodwill is monitored (Kasztelnik, 2015). The Ryder System INC reported it intangible assets for the year 2015 as $55192000 and $66619000 for 2014. The goodwill reported for 2015 was $ 389135000 and $ 393029000. These figures indicate that the intangible assets amortized by US$ 11507000 within one year. It also shows that the goodwill value decreased by US$40240 from 2014 to 2015. Since the company uses the US GAAP standards, it does not revalue it intangible assets and good will and therefore submitted to impairment and amortization regardless of the market fair value. KS Corporation reported it intangible assets for 2015 as AU$ 91088000 and AU$ 93502000 for the year 2014.The difference is only AU$ 258000. Ryder System INC recorded high amount in impairment of long lived intangible assets as compared to KS Corporation. Ryder uses a two steps model to measure impairment and amortization while KS uses a one step model and can revalue it intangible assets and goodwill. From the analysis above, IFRS standards are able to five more accurate reporting of the true and fair value of the intangible assets. Therefore, the IFRS accounting standards are able to provide more useful decision information when accounting for intangible assets than US GAAP standards. Liabilities Liabilities refers to financial obligations that entities have to it stakeholders. They are as result of past transactions. According to IASB, a liability is a present obligation bestowed to an entity that is arising from a past event and it settlement will lead to outflow of resources that have economic value (Akenbor Major, 2015). One the other side, US GAAP defines liabilities as sacrifices of it economic benefits to settle an obligation. An entity pays another entity because of a past event or transaction. This will use assets that would yield economic value in the future. The US GAAP and IFRS have minor differences on recording liabilities in the financial statements. The US GAAP standards state that liabilities are recorded in their order of liquidity in the financial statements. While IFRS outlines that liabilities should be reported in order of less liquidity. This order is reverse of GAAP format. The US GAAP allows both effective interest rate method and straight line method when reporting for interest expenses from borrowing. The IFRS does not allow the straight method but rather only use the effective interest rate method to value interest expense. Additionally, IFRS has some special rules for contingent liabilities that entities are required to observe that are not in the US GAAP (Akenbor Major, 2015). Ryder System INC reported a total liability of US$ 8980698000 for the year 2015 and US$ 8031784000 for 2014. KS Corporation reported AU$ 241 690000 for 2015 and AU$ 253321000 for 2014. Ryder which uses US GAAP standards report on liabilities was more comprehensive and accounted for all obligations that the company had. From this analysis it can be established that the US GAAP offered more reliable information on the liabilities of the company. Therefore, the US GAAP has more useful decision than IFRS. Revenues Revenues are inflows to the entity when a sale of good or service is made. Revenues are to be recognized and recorded on the time they are earned. The IFRS revenue recognition is principle-based in nature while the US GAAP is rule based. The IFRS and US GAAP differ in areas of contracts, service revenue and multiple element arrangements. In the construction contracts, the IFRS requires that revenue is calculated on the percentage of completion method in all cases. An entity can fail to do this in case the outcome cannot be reasonably estimated. Therefore a zero-profit method is used to account for revenues behold cost. The GAAP prefers the percentage of completion method though it not compulsory. The completed contract method is used in cases where finished contracts are hard to estimate. Therefore, costs accumulate in the construction in process (CIP) account. These amounts are not entered in financial statements until the contract is finished. The completed method is not allowed by when recording financial data using the IFRS accounting standards. Service revenue is measured by the percentage of completion method in the IFRS standards. Also, the straight line method is used to account for service revenue when service occurs over a fixed period. In this case, the US GAAP requires companies operating in US to follow specific industry guidelines when determining an accounting method to recognize revenue from a service. In multiple element arrangements, the IFRS lacks regulations and therefore revenue is recognized as individual component. For US GAAP, transactions in multi-element arrangements account must meet thresholds set in EITF 00-21 for a transaction to be divided separately in every element for service revenues. Ryder System INC reported total revenues of US$ 6571893000 for 2015 and US$ 6638774000 for the year 2014. On the other side KS reported operating revenue of AU$ 699213000for the 2015 and AU$ 586226000 for the year 2014. Ryder reported more consistent and reliable revenues as it followed the US GAAP standards that used where revenue is recognized when deemed probable receivable. Therefore, the US GAAP is more decision information useful than IFRS in this case. Conclusion In conclusion, both financial accounting standards are base for systematic accounting methods in the business world. It is also clear that IFRS is principle base while US GAAP is rule based leading to different perspectives when accounting for elements. From the analysis in this paper, IFRS standards have shown to be reliable and consistent in some elements while US GAAP taking credit on other elements. IFRS enhances fair reporting of the long term assets by allowing revaluation to the market prices while US GAAP has reliable information on measurement of inventory. Therefore, the decision usefulness of an accounting standard depends on the elements being reported. References Annual Reports - KS Corporation Limited. (2016). Ksgroup.com.au. Retrieved 19 September 2016, from https://www.ksgroup.com.au/annual-reports.html A guide through International Financial Reporting Standards (IFRSs) 2009. (2009). London, United Kingdom. Akenbor, C. Major, H. (2015). Reflecting IFRS Measurements in Corporate Financial Reporting. Journal Of Business And Economics, 6(3), 494-499. https://dx.doi.org/10.15341/jbe(2155-7950)/03.06.2015/008 Botosan, C. Huffman, A. (2015). Decision-Useful Asset Measurement from a Business Valuation Perspective. Accounting Horizons, 29(4), 757-776. https://dx.doi.org/10.2308/acch-51141 Bragg, S. (2005). Inventory accounting. Hoboken, N.J.: John Wiley Sons. Cook, D. (2005). IFRS/US GAAP comparison. London: International Accounting Standards Committee Foundation. International Financial Reporting Standards. (2011). London. International financial reporting standards (IFRSs) 2007. (2007). London, U.K. Jana, H. Jitka, Z. (2014). Comparison of Approaches to Financial Reporting of Non-current Assets According to the IFRS for SMEs and IAS/IFRS. Procedia Engineering, 69, 696-703. https://dx.doi.org/10.1016/j.proeng.2014.03.044 Kasztelnik, K. (2015). The Impairment of Long-Lived Assets and Reversing Revaluation Review under US GAAP VS. IFRS Models in the United States. AFR, 4(3). https://dx.doi.org/10.5430/afr.v4n3p106 Martnez-Torres, M. (2013). Identification of intangible assets in knowledge-based organizations using concept mapping techniques. RD Manage, 44(1), 42-52. https://dx.doi.org/10.1111/radm.12037 Mirza, A. Nandakumar, A. (2013). Wiley international trends in financial reporting under IFRS. Hoboken, N.J.: John Wiley Sons. Pacharn, P. Accounting for Goodwill and Incentive to Invest in Intangible Assets. SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.1736125 Pacharn, P. Accounting for Goodwill and Incentive to Invest in Intangible Assets. SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.1736125 Pacharn, P. Accounting for Goodwill and Incentive to Invest in Intangible Assets. SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.1736125 Pacharn, P. 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Essay Topics in Admission Essays

Essay Topics in Admission EssaysWhen students apply for college admissions, one of the main things they should consider is whether to include essay topics in their admission essays. A great way to answer this question is to look at some of the popular topics that are often included in the admissions essays.The easiest thing to do in terms of essay topics is to look at the conventional essay topics that are often used. These topics are geared toward students who have already finished their high school education. They cover topics like the student's interests, career goals, and personal experiences.One of the more popular traditional essays will involve the student listing a list of all of the activities they have participated in or would like to participate in during high school. A key part of a good essay topic in xat is to provide all of the details of the activities. Students should discuss the students' favorite pastimes. They should also make a list of the sports, the student pla yed or would like to play in the future.Another common theme that is commonly used is writing about a major life event that has occurred to the student during their time at high school. This is one way of showcasing the student's maturity level. It is also helpful to include details about what exactly happened during the life event that gave the student an advantage.Some examples of the types of topics that can be included in the admissions essays studies, writing style, and reasons for writing. Students can either list the exact reason for writing, or they can provide just a general overview of why they chose to write the essay. For instance, students may choose to list the major reason they chose to write the essay as something related to personal growth, something related to their career interests, or something they felt had a positive effect on their entire personality.Studentsshould also consider writing about different kinds of situations and events. One of the easiest and mos t commonly used topics for these essays is related to the student's experiences at school. Students can use one of these topics to give a clearer explanation of their situation at school and to share with other students the specific ways in which they have faced challenges.There are many different kinds of topics that can be used in the admissions essays. By carefully considering some of the common choices that students often include in their applications, they can provide a clearer picture of what they have done and accomplished during their high school career.