Internationalization Of Accounting Standards For Consolidation - Japan :: essays research papers fc

Internationalization of Accounting Standards for Consolidation - Japan: A Case Study The purpose of this paper will be to examine problems with internationalization of accounting standards for consolidations on methods from an international perspective - specifically, in the US and Japan. This is an especially timely topic as standardization of financial markets is a prerequisite to international free trade. Given the trends toward greater globalization, the motivations of companies for seeking a uniform accounting system are strong. If companies have to prepare their accounts according to several different sets of rules, in order to communicate with investors in the various capital markets in which they operate or for other national purposes, they incur a considerable cost penalty and feel that money is wasted. This significantly limits global opportunities for multinational businesses. Thus, it is important to understand what the differences are between accounting standards, why they exist, and what problems they pose. It is worth noting that no one nation has a set of accounting rules which appears to have such clear merits that they deserve adoption by the whole world. No one country can claim to have a uniquely correct set of rules. The United States has the longest history of standard setting. It has the largest standard setting organization which is characterized by high standards of professionalism. But, even the rules of the United States exhibit compromises between different interests of a kind which could have reasonably been decided otherwise. Furthermore, no unanimity exists among U.S. accountants about the merits of the precise details of the compromises that have been struck. For example, the recent discussion memorandum on consolidation outlines three different methods which are GAAP in the US (Beckman, 1995). No one nation has a clear right, on the basis of existing achievements, to be regarded as predominant in accounting. A great deal more work is needed by accountants from different countries before we can reach the point of having a well founded basis for uniformity. People who study differences among systems of accounting rules are inclined to group countries into two categories. On the one hand, there are countries where business finance is provided more by loans than by equity capital, where accounting rules are dominated by taxation considerations and where legal systems customarily incorporate codes with detailed rules for matters such as accounting. The effect of taxation systems can be particularly pervasive. Often, the taxation system effectively offers tax breaks for businesses by allowing generous measurement of expenses and modest measurement of revenues on condition that these measurements are used for general reporting purposes. Companies have strong incentives to take advantage of these taxation concessions as real cash

Computers in the Lives of People Essay

In modern times, technology has greatly affected how people live. The advancement of technology has brought great improvement to all sectors like business, medicine, entertainment and a lot more. It is undeniable that it has increased productivity and efficiency in how people work. One of the vital products of technology is the computer. It is very evident how computers changed the way of life. Work becomes easier with the help of the computers. Data and information can be stored easily. Large numbers can be calculated and can be accounted immediately. Instant communication is possible through electronic mails. Research is easier and faster with the help of the computer. There is also an easy access for all business transactions. Computers play a significant role in the school system as well. They help students to learn more efficiently and help them do their work. Computers offer the Internet which help students research information for projects they may have. School computers also offer programs which can help anyone learn. Computers have proven extremely beneficial to students with certain speech, audio, and motor limitations. Students with special needs can use alternative input and output devices to interact with computers and do things that they normally could not accomplish independently. Further, computers also make writing and doing homework easier to complete. With spell check and other spelling tools, it makes it easier and faster to complete work. This is because you are not spending all your time going through your homework looking for spelling mistakes, because the computer automatically does it for you, making your life easier. These are just few of the reasons why computers are very important to us. On the other hand using computers has several disadvantages. The screens destroy eyes even with a low radiation screen. Many people complain for that issue, because then they have to pay for oculists and wear glasses. And students also skip studying and got a low grade. The research project aims to know the advantages and disadvantages of computers in Health and Studies.

Honesty †the Best Policy Essay

Honesty is the human quality of communicating and acting truthful and with fairness, as best one is able. It is related to truth as a value. This includes listening, reasoning and any action in the human repertoire — as well as speaking. Superficially, honesty means simply, stating facts and views as best one truly believes them to be. It includes both honesty to others, and to oneself (see: self-deception) and about ones own motives and inner reality. Western views on honesty  Since the quality of honesty applies to all behaviors, one cannot refuse to consider factual information, for example, in an unbiased manner and still claim that one’s knowledge, belief or position is an attempt to be truthful. Such a belief is clearly a product of one’s desires and simply has nothing to do with the human ability to know. Basing one’s positions on what one wants — rather than unbiased evidence gathering — is dishonest even when good intentions can be cited — after all even Hitler could cite good intentions and intended glory for a select group of people. Clearly then, an unbiased approach to the truth is a requirement of honesty. Because intentions are closely related to fairness and certainly affect the degree of honesty/dishonesty, there is a wide spread confusion about honesty–and a general belief that being dishonest means that one always  correctly understands if their behavior is either honest or dishonest. Self-perception of our morality is non-static and volatile. It’s often at the moment we refuse to consider other perspectives that there is a clear indication we are not pursuing the truth, rather than simply and exclusively at the moment we can muster up evidence that we are right. Socrates had much to say about truth, honesty and morality, and explained that if people really understood that their behavior was wrong — then they simply wouldn’t do it — by definition. Unfortunately, honesty in the western tradition has been marginalized to specific instances — perhaps because a thorough understanding of honesty collides with ideologies of all types. Ideologies and idealism often exaggerate and suppress evidence in order to support their perspectives — at the expense of the truth. This process erodes the ractice and understanding of honesty. To an ideologist the truth quite often becomes insignificant, what matters most are their ideals and what ever supports their desires to enjoy and spread those ideals. Human beings are inherently biased about what they believe to be good due to individual tastes & backgrounds, but once one understands that a decidedly biased approach to what is true — is inherently dishonest, one can also understand how idealism and ideology have poorly served the quest for an honest, moral society. Both honesty and morality require that we base our opinions about what is good — upon unbiased ideas of what is TRUE — rather than vice versa (determining what is true based on what we feel is good) — the way all ideologies would have us believe. The studies of Confucius about honesty Confucius recognized several levels of honesty, fundamental to his ethics: His shallowest concept of honesty was implied in his notion of Li: all actions committed by a person to build the ideal society – aiming at meeting their surface desires of a person either immediately (bad) or longer term (good). To admit that one sought immediate gratification could however make a bad act better, and to hide one’s long term goals could cloud a good act. A key principle was that a â€Å"gentleman† must strive to convey his feelings honestly on his face, so that these could help each other coordinate for long term gain for all. So there was a visible relation between time horizon, etiquette and one’s image of oneself even in the mirror. This generates self-honesty and keeps such activities as business calm, unsurprising, and aboveboard. In this conception, one is honest because it suits one’s own self-interest only. Deeper than Li was Yi or righteousness. Rather than pursuing your own interests you should do what is right and moral – based on reciprocity. Here too time is central, but as a time span: since your parents spent your first three years raising you, you spent three mourning them after they die. At this level one is honest about one’s obligations and duty. Even with no one else to keep you honest or to relate to directly, a deeply honest person ould relate to ancestors as if they were alive and would not act in ways that would make them ashamed. This was part of the moral code that included ancestor worship, but Confucius had made it rigorous. The deepest level of honesty was Ren, out of which flowed Yi and thus Li. Confucius’ morality was based upon empathy and understanding others, which required understanding one’s own moral core first, rather than on divinely ordained rules, which could simply be obeyed. The Confucian version of the Golden Rule was to treat your inferiors as you would want your superiors to treat you. Virtue under Confucius is based upon harmony with others and a recognition of the honest reality that eventually (say in old age) one will come under the power of others (say one’s children). So this level of honesty is to actually put oneself in context of one’s whole life and future generations – and choose to do or say nothing that would not reflect one’s family’s honour and reputation for honesty and acceptance of truth, such as eventual death. Partially because of incomplete understanding of these deeper notions of honesty among Westerners, in Asian countries it is common to refer to those who do not have them as barbarians. While sometimes Asian cultures sanction an almost intolerable degree of delay and ambiguity for Western tastes, it is very often to avoid lying, or giving a positive impression where doubt exists. These would be thought dishonest by Asians. Thus pressing for a decision on a matter where it is not yet possible to give an honest commitment or answer is seen as extremely rude – in effect, forcing someone to choose to be either rude or dishonest. Both being unthinkable in traditional culture, one thus delays. A Buddhist teaching on honesty Thanissaro Bhikkhu taught: â€Å"Real honesty is being honest about what your possibilities are, what your potentials are. Thats where true honesty lies. It stretches us. It’s not simply admitting where we are – that’s a beginning step, it’s not the end step. So be honest about where you are but also be honest about what your possibilities are. That keeps the challenge of the path always before us. †