Advantages And Disadvantages Of Accounting Standards Accounting Essay

Advantages And Disadvantages Of Accounting Standards Accounting Essay Introduction: In accounting, for every basis, identification and measurement of the elements of financial statement and the impact of the circumstances and financial status and work results should be defined in a form of standards. These standards are like the rules for accounting in any country. That is why they denote what should be mentioned in any companys accounts. Moreover, they guarantee that certain cases, approaches and requirements are taken into account normally. In addition, they help people who are interested in investment to make decisions by ensuring that they get appropriate information needed. This is the idea behind accounting standards. When we talk about accounting standards, the main thing that comes under them is the accounting report. According to the International Accounting Standards Committee (IASC), accounting reports are documents filled out by brokers that give details and facts about a new clients financial circumstances and investment objectives. The report may be updated if there are material changes in a client financial position. Based on the report, a client may or may not be deemed eligible for certain types of risky investments such as commodity trading or highly leveraged limited partnership deals. The second main thing is the framework. According to the Financial Accounting Standards Board in the US, the conceptual framework is the system of fundamentals and objectives that make consistent standards by knowing that the accounting report does not mean the rules but the guidelines. Actually, rules are set in the accounting standards which we can formulate from the framework. But when we face an interpretation conflict, it takes some requirements over the framework. International Accounting Standards Committee (IASC), http://www.iasb.org Accounting Standards, Advantages and Disadvantages: Having said that accounting standards are the provider of the rules, conditions and consistency, they may hold some pros and cons while they are being implemented and taken in any company. Efficiency and effectiveness can be gotten through consistency if different organizations apply them than other organizations in their financial transactions. If we ask ourselves about the main reason behind bookkeeping practices, the answer would be that companies with different forms and a wide range of data to be maintained are better than those that have the same data categorized less in the same shape and will face a very big problem in trying to do business together. Hence, the justice and court have standard operations and businesses in fact, should denote all of its operations and transactions. According to Elliot (2009) companies should organize their operations with standard clients, competitors, customers, and suppliers. If we want to issue clear standards of financial accounting, we hav e to take into account the direction of the economy to establish joint stock companies with large capital. Its necessary to expand the vision of accounting standards according to communication and delivery of accounting information to lead to the need for that information to let them assess the performance of businesses to make good decisions with regards to their investment. Accounting standards are a very significant practice as it leads to effective corporate governance programs. They also provide a useful mechanism to rebuild the corporate values. Schipper, K. (2003). Principles-Based Accounting Standards. Accounting Horizons, 17(1), 61-72 The Need for Accounting Standards: The need for accounting standards has been a very important aspect to ensure that comparability, accuracy and transparency are needed for the integration of European financial markets, which is according to the International Accounting Standards Committee (IASC). We need accounting standards to develop the measures of performance in any form of life, whether it is in financial reporting, returns and funds, or even playing a game. Actually, high quality financial reporting is connected with efficient capital markets so as to lead for investment to be well done. If we want the economy to function efficiently, we should have accounting standards because they help us reach our destiny. With accounting standards and good financial reporting, customers can get a clear image about business activities and financial conditions. To make it very clear, I will just mention a small example created by me that will really denote and clarify the real need for accounting standards in any business ent erprise. With known and organized accounting standards, when the amount of the net income of Fathiya Company and Abeer Company is 2 million Omani Rials, we are sure that we can make a meaningful comparison. According to Schipper (2003) says that without standards, we cannot get the core aspect of assurance, for instance, whether Fathiya Company is considering the orders of the future as current sales or releasing a big amount of its expenses. Financial Accounting Standards Board, http://www.fasb.org Business without Accounting Standards: It was clear that accounting standards are very important to any business. Businesses can do whatever they want to reach certain goals without the need for accounting standards, but not as well as businesses that take accounting standards into account. Without accounting standards, businesses cannot guarantee that they will consider their future list of objectives or will leave some expenses. Furthermore, businesses cannot organize operations with their customers, suppliers and even competitors without applying at least some accounting standards. Moreover, if businesses do not apply accounting standards, they definitely will not be able to structure their business well and will lead to the corporate values to be missed. Elliot, B. and Elliot, E. Financial Accounting and Reporting 13th edition, 2009 Chapters 5 and7 Accounting Standards in Oman and abroad: Oman has prepared the financial statements in accordance with International Accounting standards (IAS), the interpretations which are prepared by the Standing Interpretation Committee of the IASC and the requirements of the Commercial Companies Law of the Sultanate of Oman and the requirements set out in the rules for disclosure issued by the Capital Market Authority of the Sultanate of Oman, the disclosure is inadequate and is a negative phenomenon to a country which wishes to be strengthened further a good economy. Accounting standards in Oman may be somehow related to the accounting standards outside Oman, because, in some extent, they all come under the International Accounting Standards Committee (IASC). International Accounting Standards Committee (IASC), http://www.iasb.org Recommendations and Conclusion: As an accounting student, I recommend all companies in Oman to have a set of accounting standards and reports in order to build a reliable business that can rank them in the top of the list of good companies. To conclude, we should think of accounting standards as the key of success for different business enterprises. In addition, if companies apply accounting standards well, other companies will look up to them to do business strategies as well as they do.

Interventions for Ventilator Associated Pneumonia

Interventions for Ventilator Associated Pneumonia Ventilator associated pneumonia is defined as pneumonia developing in persons who have received mechanical ventilation for at least 48 hours (Shi et al., 2010). It is a major threat to critically ill patients receiving mechanical ventilation (Feider, Mitchell, Bridges, 2010) and it is the most common complication of patients in Intensive Care Units (Soh et al., 2011). Nosocomial pneumonia is caused by bacteria that colonize within the oral cavity of patients in the ICUs (Ewig et al., 1998). Bad oral health is pivotal in the pathogenesis of this harmful complication (Blot, Vandijck Labeau, 2008). Thus, good oral hygiene measure has a critical role in preventing the spread of these bacteria from the oral cavity to the lower respiratory tract thereby reducing the chances of nosocomial pneumonia (McNeill, 2000 cited in Abidia, 2007). There are a couple of interventions which are recommended to prevent Ventilator – Associated Pneumonia. The Institute of Healthcare Improvement suggested the VAP bundle of interventions in preventing Ventilator Associated Pneumonia. (Fields, 2008) In addition to these interventions, oral hygiene care is a nursing intervention that may also help prevent ventilator-associated pneumonia (Feider, Mitchell Bridges, 2010). Evidence shows that comprehensive oral care is an effective preventive strategy to reduce the risk of ventilator-associated pneumonia in patients receiving mechanical ventilation (Cutler Davis, 2005). There are a lot of research studies supporting oral hygiene care in reducing VAP cases among mechanically ventilated patients. In the study of Mori et al., (2006), the incidence of VAP was significantly lower in patients who received oral care than the patients who did not. Similarly, Fields’ (2008) study showed that VAP rate dropped to zero within a week of beginning the every hours tooth brushing regimen in the intervention group. Another study shows that pneumonia, febrile days, and death from pneumonia decreased significantly in patients with oral care (Yoneyama et al., 2002). Various methods and equipment in providing oral care for intubated patients were also studied. Toothbrushes and topical antimicrobials (Binkley, Furr, Carrico McCurren, 2004; Grap, Munro, Ashtiani Bryant, 2003), oral decontamination (Bergmans et al., 2001) and oropharyngeal decontamination with 0.12% Chlorhexidine Gluconate oral rinse (Shi et al., 2010; Tantipong, Morkchareonpong, Jaiyindee Thamlikitkul, 2008; Koeman et al., 2006; Houston et al., 2002; Genuit, Bochicchio, Napolitano, McCarter Roghman, 2001; DeRiso, Ladowski, Dillon, Justice Peterson, 1996) were found to be effective in reducing the bacteria in the mouth and in reducing the incidence of VAP. The AACN (2010) came up with a comprehensive oral hygiene program for patients in critical care and acute care settings who are at high risk for ventilator-associated pneumonia. This includes brushing teeth, gums and tongue at least twice a day using a soft pediatric or adult toothbrush; providing oral moisturizing to oral mucosa and lips every 2 to 4 hours; and using an oral chlorhexidine gluconate (0.12%) rinse twice a day during the perioperative period for adult patients who undergo cardiac surgery. The routine use of oral chlorhexidine gluconate (0.12%) in other populations is not recommended at this time. These interventions are supported by the existing evidence of oral hygiene. Past research studies have focused on assessing the oral care knowledge, attitude and practices among ICU nurses. Studies had shown that ICU nurses lack sufficient knowledge on oral care (Jordan, Badovinac, Ã…  palj, Par, Ã…  laj PlanÄ ak, 2014; Chan Hui-Ling Ng, 2012). The methods used to provide oral care were also found to be varied between nurses in the same unit (Soh et al., 2011; Chan Hui-Ling Ng, 2012). Moreover, the oral care currently provided in ICUs may be ineffective in eradicating dental plaque and respiratory pathogens that may cause VAP to ventilated patients (Binkley, Furr, Carrico, McCurren, 2004). There was also existing discrepancies between reported practices and policies on oral care provided to intubated patients (Feider, Mitchell Bridges, 2010). Though oral care is perceived to be high priority in mechanically ventilated patients, difficulties, problems and barriers still exist in providing the care (Rello et al., 2007; Feider, Mitchell Bridges, 20 10; Soh, Soh, Japar, Raman Davidson, 2011). These challenges include mechanical barriers and equipment issues, perception on the importance of oral care and empathy to patients’ discomfort by nurses, altered patient sensory perception and discomfort, and communication problems. (Berry Davidson, 2006) The existence of variation in oral care practices, the ineffective provision of oral care and the lack of sufficient knowledge of ICU nurses warrants a standardized protocol or guideline that is based on existing evidence. (Soh et al., 2011; Lin, Chang, Chang Lou, 2011) In the past years, Evidence – Based Practice (EBP) is gaining its momentum in the healthcare sector. It has been the focus of discussions and research in the medical field. Its importance to the medical practice has been evident and thus encouraged to be integrated in the practice. However, translating evidence into clinical practice remains a big challenge at the moment. Significant gaps between what is known to improve health, and what is done to improve health is evident (Holmes, Scarrow Schellenberg, 2012). These gaps maybe caused by unawareness or unfamiliarity of clinicians to EBP guidelines or recommendations; or the clinicians disbelief towards the EBP recommendations; or the clinicians personal opinion on the recommended management; or the clinicians’ perception that the guideline is too complicated or difficult to use in their own practices; patient-related factors; and the mentality that altering established practice is often difficult. (Pierson, 2009) Evide nce – based guidelines for providing oral care to patients in mechanical ventilators were formulated by international organizations, but, not all intensive care unit nurses are knowledgeable about it. Past study indicated that nurses lacked the evidence-based knowledge to deliver proper care (Chan, Lee, Poh, Ng Prabhakaran, 2011). In addition, a study also showed that ICU nurses did not follow procedures and steps recommended by current evidence-based practice (Lin, Chang, Chang Lou, 2009). Various knowledge translation strategies such as opinion leaders, audits and feedback, small group consensus, provider reminder systems, incentives, clinical information systems, and computer decision support systems can be utilized to integrate EBP into the clinical world. These knowledge translation strategies should be attempted and researched in clinical setting and should be used to further improve clinical practice. (Ganz et al, 2013) Therefore, the focus of this current research is to translate knowledge of Evidence based oral care practice guideline for mechanically ventilated adult ICU patients to clinical practice using a provider reminder system strategy. Further, it will determine the effect of the provider reminded system strategy in improving the Evidence – Based oral care practices for mechanically ventilated patients among ICU nurses. Provider reminder system is one of the Quality Improvement (QI) strategies. Example of provider reminder system includes reminders in charts for providers, computer – based reminders for providers, and computer – based decision support. (Hughes Hughes, 2008)

Thomas Hobbes’ Law of Justice :: Political Philosophy

Thomas Hobbes’ Law of Justice Of Thomas Hobbes’ 19 laws of nature, the first three, which add consecutively up to his concept of justice, are by far the most influential and important, with the ultimate goal being an escape from the state of nature. The first law states that we should seek peace, and if we cannot attain it, to use the full force of war. Directly building off of the first law’s mandate to seek peace is the second law that states that we should lay down our rights of nature and form social contracts, if others are willing to as well. From this springs forth the concept of the covenant, in which men can transfer their rights of nature between each other and which forms the basis of moral obligation. With the enactment of each of these laws, which act as impediments towards the full use of an individual’s right of nature, an individual will trade a piece of their right of nature in order to promote cooperation between others. According to Hobbes, these two are not enough to keep human kind from betraying one another. There needs to be another layer of control. This is where the third law comes in to fully form the concept of justice. The third law simply states that men need to perform their valid covenants, which becomes Hobbes’ definition of justice. From this, injustice is defined as not performing your valid covenants. As can be seen by this, with one law building off of another, it is quite clear that Hobbes put great effort into creating a full representation of the world in order to support his political doctrine. Thus, in order to understand Hobbes’ reasoning for his concept of justice, this paper will elaborate on how Hobbes’ laws of nature are rules that every human being should follow in order to give them the best chance of living well as well as investigating the full requirements of justice and Hobbes’ claim that there is neither injustice nor justice in a state of nature. Finally, while Hobbes wove his concepts of the state of nature, the laws of nature and justice into an extremely tight web through the Euclidean method, I argue that his account for justice is too weak to account for social atrocities such as slavery, religious discrimination, animal cruelty, genocide and murder and thus it is my intent to show that his account of justice is inadequate.

Herny Ford :: essays research papers fc

Henry Ford (1863-1947) Henry Ford was born in 1863 he is known as an American industrialist, and the pioneer of the automobile industry. It is said that Henry showed a great mechanical aptitude at an early age and left his father’s farm at the age of 16 to work as an apprentice in a Detroit machine shop. Henry returned to his home very soon after he left, but after many experiments with power-driven vehicles, he went to Detroit again and worked as a machinist and engineer with the Edison Company when he was 27. Henry continued working in his spare time as well, and in 1896 he completed his first automobile. Resigning 9 years later from the Edison Company he started up the Detroit Automobile Company. The company became much larger than Henry had ever imagined. But all did not work out as planed. He had many disagreements with his associates which forced Henry to organize a partnership with James Couzens, the Dodge brothers, and others, the Ford Motor Company was then formed. In 1907 he purchased the stock of most of his associates. The Ford family remained in control of the company. By cutting the costs of production, and soon adapting to the new conveyor belt and assembly line for automobile production, and by featuring an inexpensive, standardized car, Henry Ford was soon able to lead sales for all his competitors and become the largest automobile producer in the world. Henry soon came to be regarded as the â€Å"apostle of mass production†. In 1908 he designed the Model T. Almost 17 million cars were produced worldwide before the model was discontinued and a new design, the Model A was created to meet growing competition. The Ford Company had been highly publicized for paying wages considerably above the average. The Ford Company began in 1914 the year Henry created a sensation by announcing that in future his workers would receive $5 for an 8-hr day a profit sharing plan that would distribute up to $30 million annually among his employees. In 1915, in an effort to end World War I, he headed a privately sponsored peace expedition to Europe that failed dismally. After the American entry into the war he was a leading producer of ambulances, airplanes, munitions, tanks, and submarine chasers. In 1918 Henry ran for the U.S. Senate on the Democratic ticket but lost. Henry almost suffer a severe financial crisis in 1921, he began producing high-priced motor cars after this along with other vehicles and founded branch firms in England and in other European countries.

Hepatitis C : The Silent Epidemic Essay -- Health Medical Medicine Ess

Hepatitis C : The Silent Epidemic Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Did you know that over two hundred million people are infected with the Hepatitis C Virus (HCV)? Unfortunately it is true, and twenty five thousand more are infected each year. Out of these victims, three are acquaintances of mine. They are why I chose to research this Silent Epidemic. In this paper you will not only learn about the virus itself, but also ways to recognize and prevent it. The goal of this is to prevent the further spread of this disease, and furthermore to make you aware of your options if infected. Statistics   Ã‚  Ã‚  Ã‚  Ã‚  Hepatitis C affects approximately 1.8% of the population in the U.S. This accounts for nearly 4 million people. And this number is only growing. It has been estimated that twenty five to thirty five thousand new cases are diagnosed each year. What is the Hepatitis C Virus?   Ã‚  Ã‚  Ã‚  Ã‚  As you already know, the cells in the body respond to infection in many ways. One of these ways is inflammation. Hepatitis C is an inflammation of the liver. However, it does not affect the whole liver at once. The silent epidemic sneaks up slowly by causing damage to individual liver cells. This means, HCV progresses slowly over many years. How do you get Hepatitis C   Ã‚  Ã‚  Ã‚  Ã‚  There are many risk factors that may lead to the spread the Hepatitis C Virus. In many cases symptoms are not visible until ten or even twenty years after the infection. Since treatments are based on the degree of infection, it is important to find this virus as soon as possible. Are you at risk? Ask yourself the following questions to find out! 1.) Have you received a blood transfusion prior to 1992? 2.) Have you had any solid organ transplants, such as your heart, liver, or kidney? 3.) Are you on long-term kidney dialysis? 4.) Are you a member of the healthcare field, in which you have had exposure to blood? 5.) Have you ever used recreational drugs? (Needles? Cocaine Straws?) 6.) Have you ever had high risk sex? (Anal? Multiple Partners?) 7.) Do you have a tattoo or body piercing? 8.) Do you live with, or have regular contact with an infected person? If so, do you share nail clippers, razors, or toothbrushes?   Ã‚  Ã‚  Ã‚  Ã‚  If you have answered yes to any of these questions, you are at a risk for having Hepatitis C. So now what can you do? Diagnosing Hepatitis C   Ã‚  Ã‚  Ã‚  Ã‚  If you feel you may have been exposed t... ... Ribavirin   Ã‚  Ã‚  Ã‚  Ã‚  Ribavirin is a pill which is used along with alpha-interferon. It has been proven that this pill helps the alpha-interferon to work better. Patients who choose to take this pill are prescribed several pills a day. These pills must be take everyday along with regular alpha-interferon injections to positively affect the body. Goals of treatment   Ã‚  Ã‚  Ã‚  Ã‚  There are two basic goals of HCV treatment. The first goal is to have a sustained virologic response. This means that the virus will remain at an undetectable in the blood for six or more months after treatment. The second goal is an improved histologic response. An example of this is the decrease of liver inflammation, and the reduction of scarring of the liver.  Ã‚  Ã‚  Ã‚  Ã‚   Conclusion   Ã‚  Ã‚  Ã‚  Ã‚  Hepatitis C is a silent epidemic. There is no vaccination, and no cure. The only way to prevent the spread of this disease is to be aware of your surroundings, and practice a clean way of living. Although there is treatment for Hepatitis C, it is a painful disease in its later stages. If you feel you have been exposed, please, do not hesitate to have yourself tested. The Hepatitis C Virus is, and will remain, a threat to your life.

Othello: A Man of Love and Passion Essay

In this age of epic, fantasy, scientific fictions and other creative stories, people are sometimes bound to forget the best things found in the past, the origin of everything that we are enjoying now. One of the best examples is the literary masterpieces that can be found way back a long time ago. William Shakespeare’s works are considered one of the best ideas of all time. His works might have been millenniums ago, but are still passed generations to generations due to its all time effect and appeal to all the people at any age. Some of his famous works are the forbidden love of Romeo and Julie, the power of Macbeth, and of course, the Othello. Othello is a story that revolves about how love can grow deadly and fierce. Indeed, love is a precious thing that is sometimes shadowed by jealousy and betrayal. Racism is also tackled on the story, the story has shown a how a simple skin color can widely affect one’s whole life. The story circulated on the life of the major character Othello, he is greatly described nowadays this way: A noble â€Å"Moor†, in the service of the Venetian State, Othello is introduced to us in the very first scene by the term â€Å"Moor†, when Iago complains that Othello has made Cassio his lieutenant and not him. We also learn from Iago that Othello has a relationship with the fair Desdemona. Respected by the Duke of Venice, who is the first to address him by Gulin 2 name (Othello in Act I, Scene III) and who sends for him when Cypress is threatened by Turkish forces, Othello is continuously described by his critics (Brabantio, Iago) as a â€Å"Moor† a reference to his dark skinned appearance and a reference to the race of Muslim peoples of north-western Africa to which Othello belongs. Othello to sum it all up is a simple African prince who lives together with his family on Europe. On his stay on the premises of Europe, he had become a Venetian military with the rank as general. Being a soldier, he got to help other people in need, thus, making him more a bit more knowledgeable than other people with regards to women. In the middle of the story, Othello and Desdemona, the daughter of Barbatio, will eventually be married with each other. Othello can best symbolize men who are undergoing discrimination in the society just because their skin color is darker than other people, a fact they would have never meant to be. But indeed, despite of all this betrayals that succumbs his whole personality and lies of the people around him, he still manage to show his wife Desdemona his unconditional and true over just like any other man unto his wife. The story Othello is now known to be the mother of all modern drama due to its mass appeal and timely story. Works Cited http://absoluteshakespeare.com/guides/othello/othello.htm plot summary of Othello

The Standards of Professionals

While reflecting on the moral questions posed by the statement ‘when a reporter makes a mistake in a magazine article, you can run a correction; but when a health care worker makes a mistake, someone can die’, it is relevant to delve into the idea that some professionals should be held to a higher standard than others. This is not a correct ideology in assuming that morality is more important at any one time or place or by one person over another.Just as the previous reflection on morality revealed the importance of individual sovereignty, the application of this should be noted in that this is the only universal ethic that can and should be placed on all individuals. The strength of this position of moral sovereignty is that each person has a humanistic right and responsibility to follow their ethical reasoning without outside interference. A health care worker is morally responsible for caring for patients in a competent way, but a reporter is just as much affected, if not more so, by individual decision making.Reporters may feel threatened by superiors to report inaccurate news and in doing so this could have intense ramifications for dispensing disinformation. This can lead to character assassination for a political candidate, as one example. The disadvantages of looking at this model, is that as stated previously, the responsibility of a reporter can be held to a higher degree of standards, due to the fact that health care workers are not coerced into saving lives, they simply must. In contrast, reporters must weigh in their journalistic pieces on outside influence, such as their superiors and their audience.Individual sovereignty is still a standard that can be used universally, as the true illustration of a moral and rational actor is the ethical actions taken without influence or coercion in any profession. This means thinking and acting individually with only the altruistic motives of those around this actor in mind. As well, individuals i n all professions can reap the benefits of their right to sovereignty and successful actions while the price to pay, individually, is the effects of their errors. References Joseph Joel., (2003) Business Ethics: An Introduction. New York, Blackwell Publishers.