The Role of Conceptual Framework in Accounting - 1606 Words

Introduction: Although conceptual framework standardises the accounting practices by providing the accounting bodies with well-defined financial protocols, it often fails to meet the requirements of different users. The adaptation of standardised financial statements enables the standard setting boards to enhance suitability of the financial standards according to competition in market without creating any legal issues (Beasley, 2010). On other hand, implementation of conceptual framework also reduces government control on financial bodies. However, Hines (1989) conveys that conceptual framework can be used by financial bodies as a strategic tool for reducing the impacts of government intervention and also for modifying the financial standards legally during competition. The current essay deals with analysis of the significance of Hines’s view on the conceptual framework. 2. The Role of The Conceptual Framework in accounting: Jia-shu (2004) proposes that the adaptation of the conceptual framework reduces the effectiveness of financial standards due to the reason being that the accounting requirements of users are different based on their needs. The development of standardised policies protocols increases the complexity in accounting for different users. However, Kalbers (2009) states that the development of the conceptual famework enables the financial entities to modify their financial standards with ease. Implementation of conceptual framework also enhances flexibilityShow MoreRelatedThe Role Of Conceptual Framework And Accounting Standards Essay2075 Words   |  9 Pagesand why it is necessary; the role of conceptual framework and accounting standards in external financial reporting; accounting standards that are relevant for the presentation and disclosure of the statement of profit or loss and other comprehensive income that is disclosed in the Mainfreight Annual Report, and also management judgeme nt and estimates and issues that can arise when used to disclose items. Regulate External Financial Reporting Regulation of accounting information is designed to ensureRead MoreImportance Of Iasb Conceptual Framework981 Words   |  4 PagesEssay Accounting The conceptual framework for accounting is a report of rules which demonstrate commonly established guidance for the evolvement of new reporting practices and for improvement of the already existing ones. The most recognisable and frequently used conceptual framework is invented in 1989 by the International Accounting Standards Board (IASB). (Financial accounting, p7 Pearson). The Conceptual Framework also discusses the question about the importance of characteristic of handfulRead MoreRelation Between Ifrs And Conceptual Framework Essay1700 Words   |  7 Pagesto conflicts between IFRS and conceptual framework, this easy is going to explore the debate around the purpose and status of IASBs conceptual framework. The first section is about background knowledge. I am going to introduce some context of the conceptual framework and basic conception of conceptual framework: 1 what is IASB 2 what is conceptual framework 3 what is IFRS. These are the basic knowledge which should be introd uced before exploring the debate of conceptual work. After that, the relationshipRead MoreThe Impact Of Conceptual Framework On Relation Of International Accounting Standards1117 Words   |  5 PagesThe development of accounting standards and rules is based upon conceptual framework which is part of system of financial reporting. These standards set the nature, function and limits of financial account and financial statement. In line with the suggestion of Reichel and Ramey (1987), conceptual framework is described as a set of broad ideas and principles taken from relevant fields of enquiry and used to structure a subsequent presentation. This reflects the items such as equity, expenses, incomeRead MoreEthics and Conceptual Framework Paper1333 Words   |  6 PagesEthics and Conceptual Framework Paper Conceptual Framework There are two major philosophies in accounting consisting of a principles-based system for accounting and a rules-based system for accounting. The following discussion will speak about these two philosophies and will define one as being a best fit for encompassing the role of ethics and the conceptual framework. The conceptual framework was established by the Financial Accounting Standards Board (FASB) and is used to help define the boundariesRead MoreEvaluation And Disclosure Of Information Essay1674 Words   |  7 Pagesfinancial statements, the accompanying notes and accounting policies of MFT Ltd for the year 2014. This essay will pay specific interest to the application of the conceptual framework of accounting to the relevant Accounting Standards (NZ IAS 1, NZ IAS 7, NZ IAS 8 and NZ IAS 10). The report will comment on why it is essential to regulate external financial reporting by Mainfreight. The second part will discuss the role of conceptual framework to accounting standards in external financial reporting inRead MoreIntroduction To Australian Accounting Standards Board1043 Words   |  5 Pages Accounting Abstract Accounting has been playing a very important role in many places such as Australian accounting standards. Australian accounting standards is also developed by the Australian Accounting Standards Board (AASB). This essay will firstly discuss what AASB is, the role and the functions of AASB. And then, following this, the other projects’ role such as Financial Reporting Council (FRC) and International Accounting Standards Board (IASB) and the relationship between AASB, FRC andRead More7101AFE Financial Accounting Theory And Practice Essay970 Words   |  4 Pagesï » ¿7101AFE Financial Accounting Theory and Practice Tutorial Questions for Tutorials 1- 6: Semester 1 2015 TUTORIAL 1 - Semester 1 2015 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 – Question 1.2: If you developed a theory to explain how a person’s cultural background influences how they prepare financial statements, would you have developed a positive theory or a normative theory? The first of all, it is important to understand the mean by a ‘theory’. According to ContemporaryRead MoreConceptual Frameworks And The Conceptual Framework1497 Words   |  6 Pagesworking ability of the conceptual framework projects, it is imperative to have a clear idea about what exactly are conceptual frameworks and how they work. An argument to this statement can have both sides supporting and rejecting the use of conceptual framework project regarding its context and the time of their usage. In a situation, they might come in handy, in other they can prove to be completely useless by not meeting the generating accounting standard. â€Å"A conceptual framework is a coherent systemRead MoreDefinition And Format Of Conceptual Framework1564 Words   |  7 PagesIn the following question conceptual framework will be examined, firstly the critical definition and format of conceptual framework will be reviewed. Which is then follow by its general benefit and limitation of this method. Secondly the limitation and benefit of a single framework in developing accounting standard is discussed in relation to their economy culture and language. Finally there will be a summarise answer to the question above The term conceptual framework can be describe as a coherent

The Classical Greek And Roman Education - 1256 Words

As middle ages came to an end the feudal system decayed, the western world embarked on a transformation that would forever alter its identity. A profound change of ideologies in art, culture and intellect sparked a revolution that dismantled medieval society and propelled European culture into the modern era. This cultural and intellectual movement began primarily in Italy and later spread to the rest of Europe. The period of innovative change is called The Renaissance. The word Renaissance originates from the French word, rebirth. The Renaissance is considered a crucial and pivotal period in Western Civilization. The cultural phenomena took hold of practically every facet of society. However, it was largely considered a time of the resurgence of the classical Greek and Roman education and wisdom which many believed were lost to the Middle Ages. Italian scholars believed the middle ages to be a dark time, a time considered a period of stagnation in which education, literature, and t he arts did not progress and declined. Humanism was the intellectual movement of the Renaissance period, in which individuals concentrated on life in the present rather than life after death. Two major works from the period of the Renaissance, at different ends of the spectrum, illustrated this new way of thinking; a self-consciousness to the here and now as opposed to the predominating theme or focus of the Middle Ages, the afterlife. Giovanni Pico della Mirandola’s Oration on the DignityShow MoreRelatedEssay about Latin Literature in History1232 Words   |  5 PagesLatin Literature in History Greek literature was one of the numerous Greek accomplishments from which Romans drew immense influence. The Romans picked up first on the Greek embrace of rhetoric, which became an educational standard, given that a mans rhetoric, his ability to push the buttons of the subject audience by way of speeches, supplemented the mans rise to political power. But as rhetoric began to diminish from Roman daily life following Romes imperialization, identicalRead MoreGreek Women And Roman Women1102 Words   |  5 PagesWomen in Classical Antiquity† by Sarah B. Pomeroy The title of this book, â€Å"Goddesses, Whores, Wives, and Slaves† is written in order of the ranking of women. In classical antiquity, in some aspects, a whore had more freedom and rights than a married upper-class woman. This alone is evidence of the degree that women in classical antiquity were oppressed. Classical Greek Athenian women and Roman women had similarities in their life styles and expectations to become wives and mothers, but Roman womenRead More Latin Literature In History Essay1193 Words   |  5 PagesLiterature in History nbsp;nbsp;nbsp;nbsp;nbsp; Greek literature was one of the numerous Greek accomplishments from which Romans drew immense influence. The Romans picked up first on the Greek embrace of rhetoric, which became an educational standard, given that a man’s rhetoric, his ability to â€Å"push the buttons† of the subject audience by way of speeches, supplemented the man’s rise to political power. But as rhetoric began to diminish from Roman daily life following Rome’s imperialization, identicalRead More Neoclassicism and the Enlightenment Essay1272 Words   |  6 Pagesof Neoclassicism. This Neoclassicism of the mid eighteenth to mid nineteenth centuries is one that valued ancient Greek, Roman, and Etruscan artistic ideals. These ideals, including order, symmetry, and balance, were considered by many European generations to be the highest point of artistic excellence. Although many movements in European art were largely devoid of classical characteristics, they were always looked to as sources of inspiration and were revived as significant movements at Read MoreHumanism the Gateway to Individualism530 Words   |  3 Pagesbelieved that the Greek and Latin classics contained all the lessons one needed to lead a moral and effective life and were the best models for a person to live by. They developed a new kind of classical scholarship, with which they corrected and tried to understand the works of the Greeks and Romans, which was important to them. Both the republic elites of Florence and Venice, and the ruling families of Milan, Ferrara, and Urbino hired humanists to teach their children classical morality and to writeRead MoreThe History of the Western World from 500 B.C. to 1500 A.D.1178 Words   |  5 Pagesperiod starts in the fall of the Roman Empire which witnessed decay everywhere . The weight of poverty, insecurity and isolation was too great to permit the production of literary artistic and scholarly master pieces. There was little cultural creativity in Europe in the 1000A.D to the latter part of the middle ages when intellectual development began to flower during the renaissance which began in 1300 A.D. Renaissance was realized by reviving the ancient Greek and roman learning. This saw the transformationRead MoreClassical Societies : China, Athens, And Rome Essay876 Words   |  4 PagesClassical Societies: China, Athens, and Rome: Review of Social, Economic, Political, and Cultural Situations The three areas of classical civilizations developed their cultural beliefs, lifestyles, political institutions, and social structures. However, there were significant similarities among them. Patriarchal values thrived in these civilizations. The male dominated family structure with loyalty and obedience heavily stressed in China s homes. Chinas Patriarchal society reinforced by ConfucianRead MoreItalian Renaissance Italy Essay1160 Words   |  5 Pagesattitudes and a â€Å"new conception of life itself† emerged, deeply contrasting the attitudes and ideals of the previous Middle Ages. The Italian Renaissance, which occurred during the fourteenth and fifteenth century, was a complete â€Å"rebirth† of Greco-Roman culture and values. Subsequently, it marked an era of great erudition and broad-mindedness, wherein Italians discovered a profound admiration for artistry and philosophical reasoning, leading to a monumental political, scientific, cultural, and intellectualRea d More Justinian I Essay1453 Words   |  6 Pagesfinal end of the Roman Empire. It was the establishment of the New Byzantine empire. It was also the beginning of Western Europe’s unique position within the civilization of the old world. The religion of Islam spread and the Franks rose to power (The Reign of Justinian). Among other things, Justinian’s rule saw a flourishment in the areas of architecture, the arts, and literature. It was a time of re-building for the empire. Justinian pursued an ambitious dream of restoring the old Roman Empire. In factRead MoreGreece And Rome : Models For The U.s. Constitution1564 Words   |  7 Pagesdiscussions, it became apparent that two previously governing bodies stood, in their opinions, above the rest: The Greek and Roman empires. Their governmental practices and virtues were key in the development of the Constitution, as they were dissected, and eventually, emulated by this country’s founding members. ​America’s somewhat early history (1760-1790) primarily showed signs of the Greek language and culture’s widespread popularity by reason of its core values and teachings. The nine major colonial

Healthcare Education Free Essays

What are some of the barriers and limitations to the transition from one level of care to another? Successful transition of patients from one care level to another is normal and of great importance. Patients who receive good aftercare after inpatient treatment come out much stronger and with low rates of readmission. However in many cases this is not the case hence posing the patients to health risk. We will write a custom essay sample on Healthcare Education or any similar topic only for you Order Now Some of the barriers and limits to these transitions include financial constrains, low levels of knowledge and lack of adequate advice to the patients by the health professionals. Ignorance on the side of the people or the professionals also plays a big role. Education and creation of awareness to the general public on the importance of this transition is paramount in that it reduces the risks involved at the various levels (Holloway, 2008). Lack of a clear policy on ways to improve care such as transition care support and voluntary sharing of information on the issue is big obstacle to successful care transition. For elderly, care transitions can usually lead to medication related complications and significantly reduced life span or quality. These calls for devoted efforts by the relevant parties to develop and put in place the necessary tools and initiatives to ensure improved transition. It should be noted that the impact of human error in medicine is unclear since the risk in the health care are based on the disease itself, the desired medicine and the way of medication (Holloway, 2008). This means that transition with medication to be administered without clear guideline may create a bigger problem. The transition problems call for well structured aftercare sessions to refer patients to. Since the human health is always at risk, it is important to ensure that patients actively engage in any prescribed treatment. This include making sure they are entered into the right level of treatment and equipped with the necessary information useful during treatment to ensure motivation and hence avoid relapse. Successful transition to care is the first step towards good health and should always be emphasized. Reference Holloway, D. , (2008). Transitions from one Level of Care to Another. Retrieved on 30th July 2009 from, http://cnx. org/content/m12716/latest/ How to cite Healthcare Education, Papers