The Truth of Society - Free Essay Example

Sample details Pages: 3 Words: 782 Downloads: 7 Date added: 2019/04/01 Category Society Essay Level High school Tags: Truth Essay Did you like this example? It is to be told that society is changing through time. Heres the thing. Is it changing for the best or for the worst? Many people have mentioned that the world is advancing and speeding up the process of tasks which is making life easier. Don’t waste time! Our writers will create an original "The Truth of Society" essay for you Create order On the other hand, others have mentioned that society is going through its worst moments in time. It keeps getting worse. The author of Fahrenheit 451 wrote this science fiction book to explain how their society is controlled and its changes arent beneficial to the people. Science fiction demonstrates what authors or writers assume the future will hold for the people. Ray Bradbury, in Fahrenheit 451 is notifying the reader that society is affected through technology, lack of communication, and the loss of valuable life. Technology has been advancing fast and still is up to this very day. It has made life much easier and everyone loves it. Even though technology is benefical towards the people, it comes with its downside and consequences. Society uses technology 24/7. our population is increasing every day and all these billion consumers demand either a mobile phone or a computer in their homes or office (Ramey, 2012). There isnt a single moment in life today where technology isnt being used. People of all ages need technology, including babies too. A mother now has to keep a device with them in case the babies start to cry. They have the device set up and it quiets them down. Adults use technology for everything. From learning how to cook to selling drugs and illegal items. Technology is a person that keeps society distracted from the real world. Bradbury in Fahrenheit 451 shows the reader how technology distracts a main character in the book, Mildred, from realizing what the government is doing to the society that shes living in. As the books gets deeper into details, Mildred is always focused on her family. It is based on a show that she watches on her TV wall. It keeps her focused from her untrue happiness. Thats my family (Bradbury, 1995, p. 46). Mildred mentions that the actors on the TV wall is her family. It is a relationship with no physical emotion. The government uses technology as a rebellion to keep society happy and under their control. Technology isnt the only thing that has a downside towards society. The lack of communication between people has fallen and is going to keep on getting worse. Many people have decided to isolate themselves out from the world. They like to divert themselves and keep a distance from everyone else. Now a days, people dont have much communication between one another because they are focused on a certain thing. The majority of the people would rather send out a text or call then to ask a question or talk about a topic in person. The ways that people work and communicate via computer networks destabilize many conventional social categories ( King, R. (Ed.), 1996, p. 427). Many social lives are decreasing because of technology. It is one of the main reasons why society is negativly affected. The lack of communication is decreasing everyday as new inventions are created. Many companies continue on creating products to keep their costumers busy and entertained. But if everyone gets caught up with something, how will the world be? Will society lose its interest in communication with one another? Montag and Mildreds relationship is an example of los s of communication. Montag had asked Mildred one night if she remembered the first time they met (p. 40). She responded with a no. Montag himself doesnt remember where they met. Both characters had lost interest in one another. Was there any love to begin with? Montag brings up a wall being in between him and mildred. That wall is where Mildred says she has her family. The walls were always in the way between Mildred and himself (p. 42) Its what kept their communication decreasing. The lack of communication between society is a problem, but it isnt the worst conflict that needs to be solved. Societys population is losing the loss of peoples valuable life. Society doesnt value life as much as it should be. People every second of each day lose their life. Whether its a homocide, suicide, accidents, slavery death continues to happen every where. In Fahreneheit 451, Mildred tries to commit suicide and doesnt succeed at it. Montag believes that it was an accident and says that Mildred probably forgot she took some pills and kept taking more. This is not the case. Mildred is unhappy and careless but she just doesnt know it because she is being brainwashed by the government. They want everyone to be happy. It a rule, not a given choice.

Sustainability Is The Continuance Of A Defined Behavior

Sustainability is the continuance of a defined behavior or action with the ability to maintain a balance of what and how that specific behavior is being completed (Business Dictionary, 17). As this definition is general, we can apply it using a qualitative breakdown of its importance to biology and ecology. The importance of sustainability in biology and ecology is to ensure that the relationship in which we utilize our natural resources does not surpass the Earth’s abilities to produce those materials due to our consumption. This is the idea of sustainable development. Per Environmental sustainability; practice global implications, â€Å"we cannot generalize environmental sustainability with the interpretation that we must ensure that we can†¦show more content†¦Moreover, it reveals an acceptance of diversity and reassures that well-being, growth, and cooperation is prevalent among all individuals in a society. â€Å"Environment Sustainability is the rates of renew able resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely† (Environmental Sustainability). Human activities should not interfere with the proper health of the environment. Creating less pollution, minimizing harvesting renewable and nonrenewable sources, avoid damaging ecological features will increase the maintenance and sustainability of the environment.â€Å"Economic Sustainability is the ability of an economy to support a defined level of economic production indefinitely† (Economic Sustainability). GDP (Gross Domestic Product), observing average GDP Per person, and Poverty Threshold are indicators used for observing whether economic sustainability is maintained and strong. Economic Sustainability demonstrates that each person is at least given the minimum level of comfort to live satisfactorily. Due to global warming, the climate of Kiribati has changed dramatically causing the sea levels to rise and a decreas e in the freshwater lenses used for both crops and human consumption. The people of Kiribati including Loane Teitiota have found it difficult to survive due to the changes to the environmental condition. Loane Teitiota was close to becoming the first climate change refugee until he was deported from NewShow MoreRelatedIt Is No Secret That Google Has Been Declared One Of The893 Words   |  4 Pagessecret that Google has been declared one of the best places to work. The public knows it, the competition knows it, and Google employees know it for certain! 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Organizations with this culture are systematic in their processes, well-structured and procedural. It is power-oriented; 2. An innovative culture—this is a culture that allows much

Emerging Economies Asia Pacific Countries †Myassignmenthelp.Com

Question: Discuss About The Emerging Economies Asia Pacific Countries? Answer: Introducation Chand (2005) stated that the need for harmonisation of accounting standards has arrived due to developing single set of high-quality accounting standards that can be used by business corporations around the world. The harmonisation of accounting standards will help in achieving congruence between the financial reporting systems of different business entities that making it easy for the end-users to analyse and interpret the financial information disclosed by any business entity. The IASB (International Accounting Standards Board) has directed the business corporations around the world to prepare their financial reports as per the IFRS (International Financial Reporting Standards). However, the adoption of IFRS in different countries is largely influenced by the country-specific contextual issues that are restricting the harmonisation of IFRS. As such, it can be said that the harmonisation of IFRS is possible with the combined efforts of regulators, standard-setters, financiers, busin ess community and the accounting professionals. The various countries in the Asia-Pacific region have successfully adopted IFRS for enhancing the global competitiveness of their business corporations (Chand, 2005). As per the Albu, Albu, and Alexander (2014), the implementation of the IFRS standards by the Asia-Pacific countries has presented various challenges in front of the accounting professionals regarding the use of fair value accounting. As such, the use of fair value accounting in Malaysia has reported many challenges due to country-specific issues. The IFRS 13 standard has directed business entities to use fair value accounting as it provides realistic information about the current market price of assets and liabilities. The fair value accounting is regarded to be better method as compared to historical cost approach that records the historical price of assets and liabilities. The accounting-standard setting bodies in Malaysia are emphasising on the use of fair value accounting with the increasing need for protecting the interests of the end-users. There are various other emerging Asia-Pacific economies that are adopting the use of fair value accounting approach besides Malaysia such a s Australia, New Zealand and Singapore with the only exception of Bangladesh (Albu, Albu, and Alexander, 2014). According to He, Wong and Young (2012), the historical cost accounting method reflects the initial price of assets and liabilities at the time of their purchase and does not provide any information relation to the current market valuation. As such, it lacks reliability and therefore fair value accounting method is largely preferred by the business corporations in the Asia-Pacific countries to match the needs and expectations of the end-users of realising reliable information to be used in making investment decisions. The use of fair value measurement techniques by the business entities in Malaysia has facilitated the easy comparison and evaluation of assets and liabilities through the general purpose financial statements. It has helped in developing a systematic approach for valuing the financial instruments of a business entity that provides reliable and comparable information about its financial performance. Also, the fair value of assets and liabilities also help in estimating the predicting their future values that can help the investors and creditors to make informed decisions (He, Wong and Young, 2012). Qu et al. (2012) stated that the regulatory Authority of Malaysia and the Malaysian Accounting Standards Board has mandated the public listed companies under the securities commission Malaysia for the use of fair value accounting but still it remains optional for private companies. Thus, it can be said that fair value accounting is still not adopted completely in the business corporations of Malaysia. This is due to some criticism regarding the use of fair value approach during the preparation of the general purpose financial statements. The major criticism as argued by many accounting professionals regarding the use of this approach is that it introduces high volatility in the financial statements. This is because the valuation provided by this approach is not adequate sometimes and thus it is said that volatility is the price of investor confidence (Qu et al., 2012). Fair Value Measurement implemented by the 2 Malaysian Companies and 2 Australian Companies In order to analyze the use of fair value accounting in the 2 Australian companies and 2 Malaysian companies, there is need to select such companies from the list available from the respective countries stock market. The 2 Australian companies selected for this purpose are Wesfarmers and Woolworths and 2 Malaysian companies selected are BERHAD and MISC BERHAD. There is need to understand the adoption of IFRS by the Malaysian Accounting Board before comparing the accounting of two countries. Before the adoption of IFRS, Malaysian Accounting Board follows the US GAAP to perform their accounting reporting work. After the implementation of IFRS by the IAB for all the countries and made them mandatory for all, Malaysian Accounting Board has decided to take IFRS and made their own country Malaysian GAAP which will be applicable on the listed companies under the Malaysian stock exchange. The standards referred to in the Malaysian GAAP are known as Malaysia Financial Reporting Standards. In Australia, AASB takes care of the adoption of the accounting standard and their implementation in their financial reporting guidelines. After the introduction of IFRS, AASB has decided to make changes in their AASB (Accounting standard) so that there will similarity between them. The use of fair value of measurement as described under IFRS 13 has helped a lot i n valuing the assets and liabilities in the books of accounts (AASB13, 2015). This has enhanced the capability of users of the annual report to interpret the financial information and to measure the profitability of the company. There is almost similarity between the Australian GAAP and Malaysian GAAP regarding the disclosures made for the fair value measurement as both the countries has adopted the standards defined in IFRS. After looking at the financial reports of both the companies of Malaysian companies (Pensonic Holding BERHAD and MISC BERHAD) it has been found that MFRS 13 is used for measuring the fair market value of assets and liabilities. MFRS 13 (Accounting of Financial Instruments) has been upgraded in year 2011 keeping in view the IFRS 13 standards regarding the same (MASB, 2017). MFRS 139 allows the mixed measurement of the three main categories and they are measurement of comprehensive income, realized profit or loss and amortized cost (MISC BERHAD, 2016). In relatio n to measurement of the financial instruments, the higher of cost or last known market price in case the active market quotes are not known to the company. In addition to this there are many assumptions that are needed to make by the company before presenting the financial report (Pensonic Holding BERHAD, 2016). This includes use techniques of valuation that is related to use of inputs from market and other estimates. The fair value accounting used by both the Malaysian companies is given under notes to accounts with detailed description of each measurement (MISC BERHAD, 2016 and Pensonic Holding BERHAD, 2016). On the other hand, Australian GAAP (AASB 13) defines the concept of fair value measurement. Mostly all the points have been copied from the IFRS 13 with some small differences to adjust with requirement of Australian companies. In order to better present the difference, the following table will help a lot (Wesfarmers, 2016 and Woolworths Group, 2016). Difference between Fair Value Measurement by the Australian Companies and Malaysian Companies Component of Income Statement of balance sheet AASB 13 implication upon and as implemented by the Australian Companies MFRS 13 implication upon and as implemented by the Malaysian Companies Preparation of Consolidated Financial Statements Australian companies have presented their financial items at historical cost basis other than the financial instruments that are available for sale (Wesfarmers, 2016 and Woolworths Group, 2016). Malaysian Companies have also presented their financial items at historical cost basis but their no description about the financial instruments (MISC BERHAD, 2016 and Pensonic Holding BERHAD, 2016). Items related to business combination Australian Companies use the fair market value concept to measure the value of company to be acquired but there are no defined guidelines regarding the same, such as if business combination has been carried out in installment than there will no concept of revaluation of assets or financial instruments. Malaysian companies have followed the set of clearly defined assumptions regarding the cost of acquisition and their measurement in books of accounts. Goodwill and other intangible assets There is separate accounting standard that deals with the accounting of intangible assets. Goodwill is measured after the business combination at cost (initially) and after that it is treated with any impairment loss (Wesfarmers, 2016 and Woolworths Group, 2016). Here, goodwill is measured in same way as Australian companies do but there is difference of presentation under notes to accounts. Depreciable Assets Assets that are presented under the non-current assets section are measured after deducting the depreciation for the year from their book value. There is also a concept of charging depreciation according to their remaining useful life in some cases (Wesfarmers, 2016 and Woolworths Group, 2016). Malaysian Companies follows same concept as Australian companies do, but depreciation is charged at predefined rate without giving effect of useful life of year (MISC BERHAD, 2016 and Pensonic Holding BERHAD, 2016). Financial Assets These assets are measured according to the risk management system and are divided on the basis of years of maturity (Wesfarmers, 2016 and Woolworths Group, 2016). Separate accounting standard (MFRS 139) is used to measure these assets (MISC BERHAD, 2016 and Pensonic Holding BERHAD, 2016). Here are some of pictures from the Annual reports that provide use of fair value measurement concept by the Australian companies Measurement of Financial Assets Goodwill and Other Intangible assets Property, Plant and Equipment Here re some of pictures from the Annual reports that provide use of fair value measurement concept by the Malaysian companies Business Combination Depreciation rate of fixed assets Goodwill and other intangible assets Financial Assets Use of fair value accounting since IFRS harmonisation in Malaysia in improving the quality of information disclosure The publicly-traded firms are adopting the use of fair value accounting (FVA) approach since IFRS harmonisation for improving the quality o their financial reports. The FVA is being widely recognised as a method of providing more accurate, comprehensive and timely information relative to the asset price by incorporating the effect of market movements during their valuation. The increasing complexity and volatility in the markets is causing the need for investors to determine the actual worth of an asset. The use of fair value accounting method is advocated by the accountants who seek implementing more precision in the assets and liabilities valuation. As such, it has improved the quality of financial disclosure by depicting the value of assets and liabilities as per the economical conditions. The business entities operating in Malaysia are subject to their different accounting frameworks, that are, old Financial Reporting Standards (FRS), private equity reporting standards (PERS) and Malaysia Financial Reporting standards (MFSR). The MFRS has only achieved congruence with the IFRS standards and is presently implemented only by the publicity-listed companies in Malaysia (Dignah et al., 2016). As such, it can be said that integration of IFRS by Malaysia has increased the reliability of accounting through the use of fair value accounting approach. The FVA approach has improved the quality of disclosure by decreasing the trading risk and thereby enhancing the trading volume. The increased transparency in the business operations through the use of fair value accounting approach has resulted in improving its shareholder base and also promoting foreign direct investment. Besides, this it has helped to large extent to the Malaysia government for economic planning through improving the interpretation of the financial accounting by the regulators, businesses and professionals (Alaryan et al., 2014). It has facilitated in developing a positive business environment and improved the global competitiveness of the Malaysian business entities. Also, the FVA approach as improved the direct investment by achieving the trust and confidence of foreign investors and thereby leading to busine ss expansion. The expansion of business firms has helped in improving the job opportunities in Malaysia and thereby promoting the economic growth and development of the country (Hassan Percy and Stewart, 2006). However, the use of fair value accounting in the publicly traded companies is regarded to be difficulties it requires gaining large number of assumptions and disclosing the information relating how they are derived. Also, there exists a possibility of underlining the overall worth of a business entity at the expenditure of assessing the performance of the management. The approach continuously assesses the influence of market fluctuations on the assets and liabilities thereby resulting in incorporating high volatility in the financial reports (Hanefah and Singh, 2012). The use of fair value approach through regarded to a better technique for predicting the realistic value of assets at a time for investors but they allow want historical value of assets for measuring the cash flows. Also, historical method helps the management in accurately determining whether it has achieved its stated operational goals and objectives. Thus, the improvement in quality of financial disclosure by the use of fair value accounting is still a topic of debate. The accounting-standard setting bodies is recommend to adopt the use of both the fair value and historical cost accounting method for achieving the stakeholder trust and confidence. Also, the regulators need to emphasize on the use of fair value accounting in private companies for promoting transparency in their business operations as well (Sidik, and Rahim, 2012). References AASB13. 2015. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB13_08-15.pdf [Accessed on: 20 September, 2017]. Alaryan, L. A., et al. 2014. The Relationship between Fair Value Accounting and Presence of Manipulation in Financial Statements. International journal of accounting and financial reporting 4 (1), pp. 221-237. Albu, C. t. l. N., N. Albu, and D. Alexander. 2014. When global accounting standards meet the local context? Insights from an emerging economy. Critical Perspectives on Accounting 25 (6), pp. 489-510. Chand, P. 2005. Impetus to the success of harmonization: the case of South Pacific Island nations. Critical Perspectives on Accounting, 16(3), pp. 209-226. Dignah, A., et al. 2016. Fair Value Accounting and the Cost of Equity Capital of Asian Banks. Jurnal Pengurusan 48, pp. 125 135. Hanefah, H. M. M. and Singh, J. 2012. Convergence towards IFRS in Malaysia: issues, challenges and opportunities. International Journal of Business, Economics and Law 1, pp. 43-47. Hassan, M. S., Percy, M.,and Stewart, J. 2006. The value relevance of fair value disclosures in Australian firms in the extractive industries. Asian Academy of Management Journal of Accounting and Finance 2 (1), pp. 41-61. He, X., T. J. Wong, and D. Young. 2012. Challenges for Implementation of Fair Value Accounting in Emerging Markets: Evidence from China. Contemporary Accounting Research 29 (2), pp. 538-562. MASB. 2017. [Online] Available at: https://www.masb.org.my/pages.php?id=19 [Accessed on: 20 September, 2017]. MISC BERHAD. 2016. Annual Report 2016. [Online] Available at: https://www.misc.com.my/media/1554/misc-ar-31-12-2016.pdf [Accessed on: 20 September, 2017]. Pensonic Holding BERHAD. 2016. Annual Report 2016. [Online] Available at: https://www.pensonic.com/phocadownload/Annual-Report/PENSONIC%20Annual%20Report%202016-Part%202.pdf [Accessed on: 20 September, 2017]. Qu, W., et al. 2012. Does IFRS convergence improve quality of accounting information? - Evidence from the Chinese stock marketing. Corporate Ownership Control 9 (4), pp. 187- 196. Sidik, M. H. J., and Rahim, R. A. 2012. The Benefits and Challenges Of Financial Reporting Standards In Malaysia: Accounting Practitioners Perceptions. Australian Journal of Basic and Applied Sciences 6 (7), pp. 98-108. Wesfarmers. 2016. Annual Report 2016. [Online] Available at: https://www.wesfarmers.com.au/docs/default-source/reports/2016-annual-report.pdf?sfvrsn=4[Accessed on: 20 September, 2017]. Woolworths Group. 2016. Annual Report 2016. [Online] Available at: https://wow2016ar.qreports.com.au/xresources/pdf/wow16ar-financial-report.pdf [Accessed on: 20 September, 2017].

What are the benefits of education free essay sample

Education is a process of acquiring knowledge. We attain education to help us grow as a society and develop as people. Learning allows us to gain basic skills in life but at the same time allows us to know who we are and what we want to become. Education in the USA is broken down into four stages: preschool, primary school, secondary school and then college. Every stage of education is mandatory except for college, which people take if they want to further educate themselves. Going to school is not the only form of education; informal education and on the job training are two other categories. Informal education is education outside the standard school setting, such as parents teaching a child what is right and wrong and the alphabet. On the job training is what employers use to save money on new employees. Instead of taking an individual and sitting them down and teaching them what to do like a school teacher, the employer uses one-on-one training in which someone who knows how to do a task shows another how to perform it. We will write a custom essay sample on What are the benefits of education or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This basic form of informal education helps people flow into the job sector easier. The benefit of education to an individual is that it improves their Human capital. Human Capital theory was invented by Economist Theodore Schultz, who â€Å"believed human capital was like any other type of capital; it could be invested in through education, training and enhanced benefits that will lead to an improvement in the quality and level of production† (â€Å"Investopedia†). Human capital is an individual investment made by a person. Gaining an education makes an individual smarter and more employable; this makes it easier for the individual to find a job. Gaining a basic K-12 education gives you the basic level of education needed for a fruitful job career. But gaining a degree can lead one to become highly employable in the future. Employers like to higher people with degrees because they feel they’re smarter and more capable of doing certain activities rather people with out degrees. Education plays a major role in terms of the economies-labor as a factor of production. Education makes us a more productive society, as â€Å"better-educated workers tend to be more productive than less educated ones† (â€Å"Radcliffe, Brent. †). This is true because â€Å"educated workers are able to more efficiently carry out tasks that require literacy and critical thinking† (â€Å"Radcliffe, Brent. Having educated workers creates a ripple effect on the economy – educated workers lead to more jobs, meaning more people are employed. These new works can contribute to society by paying taxes, which improves the economy. Paying taxes also means there is a growth in the government’s GDP, a big factor in a country’s economy. Education ultimately determines how well a country’s economy will do. Education on a global scale is a big factor to a countries factor of production. If we take the United States as an example, the US is one of the biggest economies in the world. Millions of people depend on there economy. The United States invested $638 billion in 2009-10 in their educational system because this country believes that a better-educated society is a better country for all. The main reason why the US does this is because â€Å"Globalization and international trade requires countries and their economies to compete with each other. Economically successful countries will hold competitive and comparative advantages over other economies, though a single country rarely specializes in a particular industry†(â€Å" Radcliffe, Brent. †). This is why the US invests so much money into education so they are able to compete with other nations in different industries like Agriculture, Technology, Finance etc. The social benefit of education is that as an individual you contribute back to society. Education is a positive externality to society the â€Å"existence justifies the government’s involvement in the promotion of education. † (30) There are two approaches, which economists take when looking at the social benefit of education. The first approach is that the externality that educated individuals raise wages for unskilled works this is macroeconomist approach. I agree with this view, I believe that highly educated individuals have raised the wages for unskilled workers because an educated person starts businesses and creates jobs for unskilled people doing this creates high earnings for individuals. The second approach, which economists look at, is the specific externalities, which help society. These specific externalities are citizenship, crime and health. An educated Citizen is â€Å"necessary for a functioning democracy† (30). This is true because the government expects us to be able to vote and fill out taxes these â€Å"require some basic cognitive functions† (30). Also an educated citizen is able to make more accurate decision of what they want their society to be like. Crime is reduced â€Å"due to higher education levels is de facto an externality of education. † (30) An educated citizen is less likely to commit a crime because they have gained knowledge and skills, which they can use to acquire in the working world. â€Å"Public education provides one of the best opportunities to reduce crime and its cost to society, by helping children to gain knowledge, skills and character. † (Mitra, Dana, Ph. D) This is true because giving people an education gives them more opportunities for a greater life. The correlation between education and health is a direct benefit to society. For example if people are educated about vaccination it would benefit the â€Å"individuals private return, but also lowers the incidence of the disease in the population†(31). Another benefit is that when people are informed about smoking and drink driving they are less likely to actually do these activities is they are warned about them. Education â€Å"builds and prepares us mentally and makes us think logically. † This helps us to become better people. Thinking logically allows us to â€Å"acquire a means of assessing and upgrading our ability to judge well. It enables us to go into virtually any situation and to figure out the logic of whatever is happening in that situation. It provides a way for us to learn from new experiences through the process of continual self-assessment. Critical thinking, then, enables us to form sound beliefs and judgments† (â€Å"Silver, Curtis†). This is what education does to us it builds up our mentality to think like this, thinking logically is one the most important things as humans we can do this helps to have a well run society and allows us to live respectful lives. What we accomplish with education. Education accomplishes the success of humanity. Over centuries we as human beings have become smarter over the years, this is through our curiosity with education and being able to achieve greatness from it. The accomplishment of education can be measured through the education production function. We can look at the inputs we put into education and what outputs we have achieved from it. Looking at our society in the USA we can see that we invest billions of dollars in education and our return on it is a successful nation and a hard working workforce.