Creative Accounting and Corporate Governance Essay

Creative Accounting and Corporate Governance - Essay Example at its shares acquire premium value and (c) payment of high dividends through representing profits in an inflated manner by an over-valuation of assets. Griffiths identifies several such instances where there may be deceptive financial misreporting. Some of these include the practice by so called entrepreneurial Companies to â€Å"include capital profits from the sale of properties or shares†¦.as operating profits† although these had not actually been realized and were subject to speculation; booking â€Å"unrealized capital gains as operating profit† despite the fact that some of these so called profits were generated in transactions with business associates or within the same firm. (Griffits 1990:122). In such cases, there would often be secret arrangements in place whereby the so called â€Å"buyer† in the transaction could later transfer the assets back to the seller, just after the period when the balance sheet had to be generated. Other similar means employed were the reporting of the net profits of associated Companies as a part of their own profits, and keeping an ownership level of the Company at 4 9 percent, such that group accounts did not have to be consolidated and debts could remain unreported, thereby giving rise to a deceptive perception about its capital structure (Griffiths, 1992: 123). Creative Accounting is therefore a deceptive accounting practice that leaves room for unethical financial practices. In the case of Maxwell Communications Corporations, the Company produced a set of accounts that looked very healthy, yet a few months subsequently, the Company experienced a financial collapse. Pension funds available in the Company were being diverted to purchase companies which the Chairman Maxwell was interested in. Some of the means that were utilized by Maxwell to hide this diversion of funds included inconsistencies in the reporting of extraordinary expenses and exceptional items. Additionally, debt was disguised as equity and this executed

Revise Answer Essay Example | Topics and Well Written Essays - 500 words

Revise Answer - Essay Example (A Federal Reserve Board Chairman Alan Greenspans 1999 Harvard University Commencement speech) The mind is quick to change an individual’s opinion and imagines anything it likes. It is a source of happiness when controlled. The first strategy to strengthen self-control is to conduct an experiment. Assagioli states that most academic psychologists do not research in appropriate ways. The doctors do not go into the laboratory to examine their own experience of the will. Second, is the application of psycosynthesis. Psycosynthesis is holistic, inclusive, and global. Finally, misidentification, and controlling of the will strengthens self-control. Sensation, feeling, thought and intuition lacks a description of psychological life hence no self-control ( article, An interview conducted with Roberto Assagioli by Sam Keen). My gratitude is to my loving mother (Rebecca Peters). She is a mentor, teacher, teacher, guardian, and an idol. She gave words of wisdom, which has driven me until now. For instance, always to believe in myself and most significantly to face all calamities. She showed me to have faith in myself and not to trust everyone. I owe my mum the primary education, shelter, food, beautiful clothing, and health she provided me. The communication and listening skills you taught me. I love you much and thank you mother. Abraham Lincoln had several successes. He became company captain of Illinois militia in Black Hawk War. He became congress and admitted to practice law in U.S District Court. Finally, he became the president of America. However, the failures include; failed in business, defeated for speaker and state legislature. The adaptation strategies include defining a goal. Lincoln set his goals to know the primary objective. Secondly, learning from the suffering process enabled him to persevere and find a solution. Finally, retaining modesty in the face of mystery allowed

Islam Advocates for Equal Rights of Sexes Research Paper

Islam Advocates for Equal Rights of Sexes - Research Paper Example According to the research paper "Islam Advocates for Equal Rights of Sexes" findings, gender imbalance and thus subordination of women cuts across every area of life and across all communities on the planet. If we look at the West, for instance, it is expected that women be given equal positions to men. The truth is, while they are now enjoying equal rights to men, this has not been the case for a long time. Their liberation, in other words, just started a few years ago. Some time back, the United Stated of America had a potential female presidential candidate. While there were chances that she could lead and had the potential to lead the country to greater heights, myriad excuses were presented just to bar her from running the race. While the US, apparently, is the developed country that is said to be the most liberal when it comes to civil rights and freedom of the sexes, it is ironical that over 50% of the country’s population are not ready to have a woman presidents, in sp ite of having over 44 presidents, all men (Streb 80). The above discussion shows that women are in general treated as lesser beings to men, in every society if we say so. While the teaching of Islam does not condone the idea, Arabic customs do and that is what most people mistake for Islam. A situation where most gender imbalance is felt is definitely in the division of labor. According to the Holy Qur’an, there are roles that are best suited for either gender. Biologically, men are stronger than women.

Reconstruction Plans History Essay Example | Topics and Well Written Essays - 1000 words

Reconstruction Plans History - Essay Example Many view this as a method of ending the war, rather than rebuilding the South, since so many issues were not touched upon thoroughly. This failure to set up long term goals definitely cost the country in the future. Johnson, on the other hand, wanted to limit the federal government's role in rebuilding the South and instead wanted to give the states the power to rebuild themselves. He believed in strong state governments, rather than federal policies that would blanket the entire area. At the same time, Johnson wanted to rebuild the South in a hurry, which also avoided any long-term goals. A major issue was that Johnson pardoned countless landowners who had been major advocates of the Confederate army and did not provide any protection for former slaves. This prevented blacks from becoming equal members of society, since the landowners were able to use their wealth to gain political power in the South. Congress then made three Constitutional amendments that were aimed at helping the reconstruction effort. These amendments abolished slavery, granted American citizenship to everyone born within the country and provided civil rights for these individuals. Later on, the 15th Amendment made it illegal to deny an individual’s right to vote based on skin color or race, although this did not give anyone the right to vote. This means that the states would still have control over their own elections and could still prohibit certain individuals from voting. Many blacks were prohibited from voting, which eliminated the chance of African-Americans gaining any political power. In hindsight, many different things could have been done to maximize the reconstruction effort. For starters, Lincoln needed to gain more support in the South before his policies could have a lasting effect on society. Lincoln’s short-term goal was to quickly unite the country, but he did not look at the long-term picture as much as he should have. By only asking 10 percent of voters in a state to pledge allegiance to the country, he was leaving a great deal of dissention to work against him later. The majority of the people in those states did not even want to rejoin the Union, which made working with them very difficult. In order to properly build the South, Lincoln needed to gain public support in the region before bringing those states into the Union. The first goal of the president at that time should have been a public relations effort to gain support throughout the South, in an effort to convince these states that joining the Union was the best course of action. To test this popularity, he could hold a referendum in the States asking if the voters want to join. This might have taken 10-15 years, but it could have created a more stable South in the end. In addition, there is no reason to believe that just because someone takes an oath, that the person would be loyal. Voting numbers would be a much better gauge than an individual pledging allegiance to a count ry that he may or may not believe in. Johnson’s ideologies created many problems in the South because he wanted the federal government to wash its hands of the problem. At that time, the South needed strong central leadership because its economy was in such bad shape. Assuming that Lincoln’s plan had already gone through and the Southern states had been forced

Personality disorder and depression Essay Example | Topics and Well Written Essays - 2000 words

Personality disorder and depression - Essay Example Abnormal psychologists and psychopathologists incorporate and believe the fact that these abnormal behaviors can be brought about by several factors, which can function individually or correlate with each other: heredity, physique, cognitive abilities and socialization. For a more systematic and fact-based study on abnormal behavior, there are several theories which abnormal psychologists conform to in explaining the occurrence of such behaviors. Some theories flourished from well-renowned psychologists of all time while some aroused from years of study and observation. These theories, often referred to as perspectives, help in attempting to explain the causal factors of these abnormal behaviors. Furthermore, these theories not only help in identifying and explaining why such disorders happen but also assist in determining the method and treatment which should be done upon the patient. There are primarily five perspectives related to abnormal behavior but there are several sources which sites in more theories- all of which will be explained individually in the course of this research paper. PSYCHODYNAMIC THEORY. ... The unconscious is the prime mover of the psychodynamic theory which contends that these disorders ascend from the unresolved conflicts inside a person's mind. Because of these inconsistencies, anxiety occurs within a person, which in turn leads to unconscious conflicts. In this certain perspective, the treatment method focuses on identifying that certain conflict inside a person's mind through counseling or therapy sessions. After it has been identified, the next focus would be on solving that certain conflict which entails pretty much effort from both the counselor and the client. BEHAVIORAL THEORY. In behavioral theory, the behaviorism school of thought in psychology is taken into consideration. Abnormal psychologists who embrace the behavioral perspective stand by the idea that psychological disorders and abnormal behaviors arise from wrong conditioning earlier in the foundation age of an individual. The person suffering from abnormal behaviors is believed to have learned the same abnormal behavior during his childhood or in cases when that certain behavior has been falsely introduced to his mind. Aside from faulty conditioning, futile learning and comprehension may also be considered on the part of the person suffering. The course of treatment as to this theory is through redesigning the abnormal behavior of a person. He or she can recover from these disordered behaviors through counseling and learning procedures which could help him or her eliminate those unwanted behaviors and learn new and more appropriate actions in exchange. One example of therapy would be what we usually call the behavior therapy which is done by non-reinforcing negative behavior

Discussion Board 1-2 Research Paper Example | Topics and Well Written Essays - 250 words - 1

Discussion Board 1-2 - Research Paper Example h a 2005 estimate showing more than 32 million Americans suffer addiction disorders (excluding tobacco addiction), more studies have become necessary (James & Gilliland, 2005). Over the years, public policies, especially those regarding alcoholic beverages established that the problem with alcohol use lies in the abuser and not the beverage. Although this stand shaped policies that either legalized or illegalized certain beverages, it also called for specialized ways to explain the etiology of addiction. However, none addressed the entire field of addiction comprehensively, neither were they dismissed as being incorrect. Therefore, experts in the field had to come up with more than one etiology, which served the mutual role of complementing each other. To that end, they came up with etiologies that attempted to explain addiction from various perspectives including moral, socio-cultural, psychological, disease and family. The most significant reason for having more than one etiology is for a wider and better understanding of addiction in an attempt to make plans in diagnosis and treatment as effective as possible. The scope of addiction itself is too wide f or a single etiology, with each aspect calling for its own kind of

Information technology revolution impact on the third world countries Essay

Information technology revolution impact on the third world countries - Essay Example Besides, one of the signs of the extent of attention and alertness dedicated to information and communication technology globally is its immense contribution to the global GDP, which augmented from 5.5% in the past years to 6.75% contemporarily. Moreover, the size of this sector in the contemporary or present world tallies to 2.5 trillion dollars globally. Furthermore, the implication of ICT on the level of productivity and the GDP is overtly consummate, and a single illustration of this factual statement is the yearly growth rate of prime monetary systems such as the U.S.A., which notably augmented from approximately 1.4% for up to 1995 to the eventual or present 2.3% up to the year 2000. Notably, this augmentation attributes to the augmented productivity in diverse sectors of the community, with close regard to the ICT contribution of 75%. Moreover, in the Australian monetary system, ICT has augmented productivity in virtually all economic sections by approximately 30%. A further positive implication of ICT on the global perspective is that its industries are effectually aiding in the complete diversification of capital sources and structuring of new immensely paying job opportunities for the people (Chandra 144). Moreover, this reduces the current unemployment rate and notably augments income of a common inhabitant. Saudi Arabia is a conferrable nation in whose case ICT has immensely contributed more than 15% of the GDP. Additionally, another feature of ICT on the global perspective is that its penetration into diverse fields and dispensations with a general purpose of enabling or activating technology. This happens via ICT providing a ready platform for virtually all sectors of the economy. In this case, it has contributed immensely to numerous sectors of the economy in Saudi Arabia. Moreover, this comes as an addition