Methodology Dissertation Example | Topics and Well Written Essays - 4500 words

Methodology - Dissertation Example Thus, financial reports recorded in this manner make it harder to compare financial reports. This issue has been said to be solved by implementing a standard reporting system or global accounting standards (Hawkins, 2000). Standardized financial reporting has been implemented based on the assumption that it can increase the comparability of financial statements, increase the quality of financial reports, and improve corporate transparency especially in terms of incentives. It has also been determined to be created as a result of the increase in the number of multinational companies or MNCs (Nobes and Parker, 2006). Moreover, Bolt-Lee and Smith (2009) included increase in reporting consistency, better global competition, and increase in the transparency of financial reporting as the benefits of international financial reporting. Moreover, the International Monetary Fund (IMF) in 1999 stated that the financial systems of developing crisis, especially those experiencing financial crisis , can be strengthened by enhancing the financial reporting regulations and practices. Jainkengit (2002) reported an improvement in the economy of Thailand as a result of enhanced financial reporting regulations and practices and transparency or greater disclosure on financial information. Similarly, a study by Daske, Hail, Leuz, and Verdi (2008) explored the effects and consequences of mandatory IFRS (International Financial Reporting Systems) reporting. ... The benefits include increase in stock market value, market liquidity, and lower capital costs. Lastly, the study determined that financial reporting standards are most effective under a strict and strong regulating environment. This is most evident in a study by Barrett (1996) where it was determined that financial reports among American and British companies are more comprehensive because of their disclosure requirements. However, there are factors that affect financial reporting among corporate companies. There is an immense role to be played by economic and political forces in what concerns the shaping of accounting. A study by Suttachai and Cooke (2009) enumerated several factors that affect international financial reporting. The important factors discussed are the environment and culture, wherein environment stands for the legal system, economic system, and other institutional factors. Cooke and Wallace (1990) agree by stating that the environment wherein the company is located can greatly affect financial reporting. Thus, despite the homogeneity in the standards for international financial reporting, it still varies depending on various factors, specifically and most especially in terms of its location and culture. It only imply that although they follow the same standards or format for reporting, the quality of data and the means on which they measure still varies (Suttachai and Cooke, 2009), which is ultimately the purpose of standardizing financial report systems: to decrease and eventually eliminate variation (Nobes and Parker,2006). On the other hand, Choi (2002) stated that harmonization or standardization of financial practices and reports increase the comparability and compatibility of financial reports by limiting the

Non verbal assignment Essay Example | Topics and Well Written Essays - 500 words

Non verbal assignment - Essay Example ck sharp glance at me without a word and conveyed a reaction of unease by dropping one of her books with such force as to create a heavy slapping sound against the table. When I started to fidget and project some annoying movements, I heard her mumble something I could barely comprehend as she quickly, shall I say nastily, leafed through the book pages as if to almost rip off the sheets. On another occasion, I went as far as touching the surface of a notebook of a guy I believe is a sophomore who happened to make a sudden jerk getting up and took the thing away by impulse. To me, it seemed ambiguous to decide whether he meant to warn me of a possible trouble or if he merely intended to exhibit a nonverbal â€Å"block† to protect his property from my seemingly illogical act. Instead of proceeding to invade his territory by taking up part of his area, I unwrapped a candy which produced some scratchy noise especially when I bit on it in the manner that would make a louder disturbing sound. In a span of a minute, no verbal nor non-verbal reaction registered from his side but after a few minutes of biting the candy with the same degree of noise, the student motioned to sigh a few times as though he wanted to deliver a message that he could not concentrate on his reading. About the same findings resulted from the few other individuals in the library and the park. Perhaps my worst case of invasion was the time I stepped into the food court and literally occupied the seat which was obviously reserved for two ladies. Eventually, I got confronted with a scenario of being told that the place is already taken and I felt that I really got into their nerves as one of them spoke with raised volume and nasty inflections. Based on the aforementioned experiences, I could well imagine and sense the hard feelings each of the seven people went through in the process of having their right to territory stolen for a moment. Each of them demonstrated mostly unpleasant responses in return