Continuously Contemporary Accounting - 1692 Words

Introduction Over the past years there have been many accounting measurement systems developed to replace or serve as a supplement to historical cost accounting. However it is not possible, at present, to state which system, if any, is likely to replace the historical cost system. Perhaps the most notable system is Continuously Contemporary Accounting (CoCoA), proposed by Australian researcher, Raymond Chambers. Chambers quoted â€Å"†¦that thousands of shareholders had lost millions of dollars on security investments made on the basis on out-of-date information or on fiction which were reported as facts† (Deegan, 2000, p.112). In light of his comments Chambers believed that his system will provide relevant, accurate and up to date†¦show more content†¦This is because CoCoA has many advantages over historical cost accounting. CoCoA is based on common sense and simple to understand. The language used to describe and support the theory can be easily understood by statement users â€Å"as it is based on common sense and has implicit relevance to the field of accounting which has been accepted without scrutiny† (Laing, 2000, p.4). This brings us to the next point; CoCoA provides data that is relevant and useful for decisions whether continuity of existence is likely or unlikely. According to Henderson, Peirson and Harris (2004), continuity of existence is possible only if the entity adapts to changed circumstances. A failure to adapt is inviting the entity’s demise. Financial reports that emphasise adaptive capacity show the ability of an entity to adapt, by selling off its existing assets and buying an alternative set to ensure its survival. Alternatively, if liquidation is likely, the financial reports show data that is relevant. There is no necessity to switch to a different system of accounting when liquidation is imminent. CoCoA also avoids the difficulties encountered in historical cost system, of allocating costs for depreciation where the benefit pattern and the life of an asset can only be estimated. CoCoA depreciation however â€Å"is based solely on the decline in the current cashShow MoreRelatedOriginal Alternative Methods Of Historical Cost Accounting966 Words   |  4 Pagesutilize the Historical Cost accounting to report financial statements and reflect the profitability of business. It is more conventional and simple method. Nevertheless, when considered in relation to inflation and price changes, the alternative methods such as Current Purchasing Power Accounting (CPPA), Continuously Contemporary Accounting(CoCoA) and Current Cost Accounting(CCA) would be more appropriate. There is an assumption that ‘ applying those alternative forms of accounting to adjust items in financialRead More7101AFE Financial Accounting Theory And Practice Essay970 Words   |  4 PagesFinancial Accounti ng 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 Contemporary AccountingRead MoreA Critical Analysis of the Article : For Which Purposes Do Managers Use Balanced Scorecards?: an Empirical Study1019 Words   |  5 Pages1. Summary Resulting from the constantly changing environment, the accounting information systems transform and renovate continuously, for instance, the development from traditional costing system to activity-based costing or the Balanced Scorecard (BSC) which is an up-to-date system that connects non-financial and financial performance measures to a company s overall strategy (Kaplan and Norton 1996). The article aims at demonstrating the specific purposes for which managers use the BalancedRead MoreCoca-Colas Principles of Budgeting955 Words   |  4 Pagesorganizational culture; ascertaining that the budgeting procedure is operated in the same way as their planning, namely cautiously, thoroughly, and specifically before instantly acting on it; creating incentives for optimal performance; prioritizing; continuously updating and monitoring the budgeting plans; ensuring excellent communication through all division when budgeting planning is in process. Guidance regarding earnings was one of the prime components of the traditional budgeting process. Coca-ColaRead MoreThe Importance Of Inventory Management Systems Of Asda Essay1304 Words   |  6 Pages â€Å"To critically evaluate the importance of inventory management systems of Asda, UK† Abstract The topic has been chosen for research is to critically evaluate the inventory management systems of retail industry in UK. This industry is continuously growing up with pleasure of customers even the fluctuation in customer choices. Moreover, this sector has been hugely impacted from 2008 to 2010 by the economic crisis, when customer did not have enough money to spend. As a result some retail businessesRead MoreBUS1001 SEMESTER 1 ESSAY 3rd Of Novembe794 Words   |  4 Pagesmanagement function has largely been made redundant by the more recent empirical studies of what managers actually do, such as that favoured by Mintzberg. Intro: (89words) Management has constantly been a broad topic. Managing human resources is continuously unpredictable because we all react differently in comparable scenarios. However, for managers it is vital to be able to control an organisation efficiently, in order to exploit any opportunities open to it. Henri Fayol deliberated management backRead More An Analysis of To Have without Holding by Marge Piercy1390 Words   |  6 Pagesis for her to stray from that ideal in this instance. As the poem evolves, one can begin to see the author having a conflict with values, while simultaneously expressing which values are hers and which are unnatural to her. She accomplishes this accounting of values by personalizing her position in a somewhat unsettling way throughout the poem. I was first drawn to the poem by the title. The interesting use of capitalization caught my attention. Why wasnt the letter w in the word without capitalizedRead MoreCritical Thinking Exercise1726 Words   |  7 Pagessatisfied. 17. 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God has blessed me with skills in the areas of mathematics and organization, which caused me to look for an occupation that utilizes both. Accounting seemed a logical choice sinceRead MoreEssay on How Technology Influences Children1331 Words   |  6 Pageson in their participation and negotiation of the technological environment. Assuming the position that childhood is a social phenomenon and children are active participants of society worthy of study in their own right, in-depth interviews have continuously been analyzed utilizing the grounded theory approach to de velop an understanding for the topic under study. Data analyses reveal that children assume an autonomous nature, constructing, interpreting, and manipulating their technological environment

Ralph Waldo Emerson Essay - 1084 Words

Ralph Waldo Emerson Properly Acknowledged by nbsp;nbsp;nbsp;nbsp;nbsp;Ralph Waldo Emerson certainly took his place in the history of American Literature . He lived in a time when romanticism was becoming a way of thinking and beginning to bloom in America, the time period known as The Romantic Age. Romantic thinking stressed on human imagination and emotion rather than on basic facts and reason. Ralph Waldo Emerson not only provided plenty of that, but he also nourished it and inspired many other writers of that time. quot;His influence can be found in the works of Henry David Thoreau, Herman Melville, Walt Whitman, Emily Dickinson, Henry James, and Robert Frost.quot;. No doubt, Ralph Waldo Emerson was an astute and†¦show more content†¦Life was losing its meaning, and Ralph Waldo Emerson was in need of some answers. This dark period drove him to question his beliefs. Emerson resigned from the Second Church and his profession as a pastor in search for vital truth and hope. But his father and wife were not the only deaths that he had to deal with. His strength and endurance would be put to the test much further with a perennial line of loved ones dying. His brother Edward, died in 1834, Charles in 1836, and his son Waldo (from his second wife Lydia Jackson) in 1842. After such a traumatic life, you might expect that Emerson, like any other person,would collapse into severe depression, lose hope, and lose meaning to his life. But Emerson was different. He found the answers within himself and rebounded into a mature man. nbsp;nbsp;nbsp;nbsp;nbsp;After surviving a mentally hard life, Ralph Waldo Emerson seemed to gain more discernment toward life. Wisdom is gained through experience. By 1835, Emersons rare and extravagant spirit was ready to be unleashed. All his deep feelings, emotions, and thoughts fabricated truth the way he arrived at truth, within himself. quot;To believe your own thought, to believe that what is true for you in your private heart is true for all men- that is genius. Speak your latent conviction and it shall be the universal sense; for always the inmost becomes the outmost-and our first thought is rendered back to us by the trumpets ofShow MoreRelatedRalph Waldo Emerson And Transcendentalism1649 Words   |  7 PagesRalph Waldo Emerson is a transcendentalist in my eyes because of his consistent promotion of free thought, personal insight, and individuality. Transcendentalism is the combination of the beliefs of nonconformity, self-reliance, free thought, confidence, and importance of nature. When I looked further into its meaning I came to realize it encompasses the growth and renewal of the individual, revolt against conformity, and basically promotes all sorts of reformation. Transcendentalism is really justRead More Ralph Waldo Emerson Essay1326 Words   |  6 PagesRalph Waldo Emerson Ralph Waldo Emerson was born on May 25, 1803 in Boston, Massachusetts. Early in his life, Emerson followed in the footsteps of his father and became minister, but this ended in 1832 when he felt he could no longer serve as a minister in good conscience. He experienced doubts about the Christian church and its doctrine. These reservations were temporarily alleviated by his brief association with Unitarianism, but soon Emerson became discontent with even their decidedlyRead More`` Fate `` By Ralph Waldo Emerson1441 Words   |  6 PagesIn 1806 Ralph Waldo Emerson wrote in his book titled Nature a series of ideas that reflected the unconventional theories of a Transcendentalist. American Transcendentalism Web, Ralph Waldo Emerson 1803-1882, Virginia Commonwealth University, accessed June 9, 2017, http://archive.vcu.edu/english/engweb/transcendentalism/authors/emerson/. Transcendentalists connected philosophy, literacy, and nature to promote a conscience or intuition that made it possible for each person to connect to the spiritualRead MoreRalph Waldo Emerson Essay550 Words   |  3 Pages Ralph Waldo Emerson, nineteenth century poet and writer, expresses a philosophy of life, based on our inner self and the presence of the soul. Emerson regarded and learned from the great minds of the past, he says repeatedly that each person should live according to his own thinking. I will try to explain Emerson’s philosophy, according to what I think he is the central theme in all his works. â€Å"Do not seek answers outside yourself† This is the main idea of Waldo’s philosophy. He thinks thatRead MoreRalph Waldo Emerson And Thoreau975 Words   |  4 Pagesreason. A following of the heart rather than the mind. Also the setting apart from society. There are two who comes to mind; Thoreau and Emerson. Where Emerson and Thoreau were clear examples of Bright Romanticism exemplified by the inclusion of nature, a positive view of mankind, and a poetic style that broke traditional method. Ralph Waldo Emerson exemplified him being a clear examples of Bright Romanticism with his first inclusion of nature. An excerpt talking about the authorRead More`` Nature `` By Ralph Waldo Emerson920 Words   |  4 Pagesâ€Å"Nature† is an essay written by Ralph Waldo Emerson, and published by James Munroe and Company in 1836. [1] â€Å"Nature† has a total of 41 pages. The essay consists of eight parts: Nature, Commodity, Beauty, Language, Discipline, Idealism, Spirit and Prospects. Each part takes a different perspective on the relationship between humans and nature. In this essay, Emerson emphasizes the foundation of transcendentalism, â€Å"a religious and philosophical movement that developed during the late 1820s and 30sRead More Ralph Waldo Emerson Essay1000 Words   |  4 Pages Ralph Waldo Emersonamp;#9;amp;#9;amp;#9;amp;#9;amp;#9;amp;#9;amp;#9;I am writing this essay on the beliefs and thoughts of Ralph Waldo Emerson on the subjects of individuality, society, government, technology, and spirituality. amp;#9;I think that Emerson believes that every person should be as much as individual as they can. Be who you are on the inside, dont try to be like everyone else. Dont worry about fitting in, if someone is a real friend, they will like you for who you are, realRead MoreRalph Waldo Emerson Essay examples1043 Words   |  5 Pagesidea of a universal connection between all objects. Out of many contributing to this movement, one man named of Ralph Waldo Emerson distinguished himself as singular above all. With such essays and works as Nature and Self-Reliance, Emerson set himself as the leader of a movement toward Nature and the entity known as â€Å"the Over-soul†. The works and philosophies of the late Ralph Waldo Emerson have aided in the reformation of the human character through his tantalizing lyric prose, evident underlyingRead MoreEssay on The Influence of Ralph Waldo Emerson995 Words   |  4 PagesChris Schlegel 6/18/08 English 245 American Literature I Dr. Calendar Primary Source Paper The Influence of Ralph Waldo Emerson Ralph Waldo Emerson is considered by many as one of the most respected and widely known authors in the history of American literature. From his famous book â€Å"Nature†, to his various essays, poems and lectures, Emerson’s collection of works maintain an authentic diverse style that separated him from other authors. The confidenceRead MoreRalph Waldo Emerson: A Brief Biography756 Words   |  3 PagesRalph Waldo Emerson was born in Boston, Massachusetts on May 25, 1803. He was the son of William and Ruth Emerson and was born second of five sons who made it to adulthood. The other four sons were named William, Edward, Robert Bulkeley, and Charles. Mr. and Mrs. Emerson also had three other children who sadly died during their childhood. Those three were named Phebe, John Clarke, and Mary Caroline. Emerson’s father died of stomach cancer two weeks before Waldo’s eighth birthday on May 12, 1811,

Working class free essay sample

Which were the more typical of sass of America: Prohibition and intolerance or the Jazz Age and increasing social freedom? The sasss were seen as a prosperous time for America, Judging by the Increasing economic strength, the development of new industries and new methods of production and, by the time of rebellion and liberation that came with It. The sasss are often referred to as the Roaring Twenties or the Jazz Age, a period of great fun and enjoyment.However, not everyone agreed with the statement that the asss were completely successful, highlighting some ajar problems that America had to face at that time, specifically intolerance and prohibition. From an economic point of view, the USA entered an era of unparalleled prosperity. The most of it was due to increase in productivity as a result of technological innovation. The electricity industry was becoming more successful because the electricity consumption more than doubled during the decade as electrical appliances came into general use. We will write a custom essay sample on Working class or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page What benefited more the American economy was the invention of the car by Henry Ford.By 1925 he was producing a car very ten seconds, by 1929 there was one car for every five Americans. The working conditions were Improving too: hours of work declined, wages substantially Increased and the unemployment rate fell. Because of the Increase In peoples leisure time and disposable Income, the entertainment Industry blossomed In the sasss. Almost everyone in the USA listened to the radio. The choices of radio channels grew quickly. The radio gave easier access to music and as a result, music became more popular. The Jazz music became an obsession among young people.Along with it appeared new dances such as Charleston and new styles of behavior which were disapproved by the older generation. In Los Angels, Hollywood a major film industry was developing. New stars like Charlie Chaplin rose to fame by making the audiences laugh. Furthermore, the sasss were marked by increasing social freedom, particularly new attitudes towards sex and between young women. There was a widespread obsession with sex which magazines, movies and newspapers were quick to exploit. Women, especially middle class women were expected to lead restrictive ivies before the First World War. However, In the sasss a lot of things changed for them: they got the vote in all states, some of them had jobs, wore more daring clothing. , makeup and smoked in public. Even so, women still remained inferior, they were paid less than men and did not have access to political power. Despite the fact that the middle classes benefited from the sasss, the working classes, afro- Americans and immigrants were not sharing their Joy. Social leaders were afraid that the wave of immigrants will lead to racial degeneration and national decline.In response to their fears, the Congress imposed restriction on immigration in 1921. In addition, the foreigners and the afro-Americans were facing hostility from the UK Klux Klan that rose to fame after the movie The Birth of a Nation. In the South, the Clansmen resorted to beatings and even murder, In order to terrorize black people. The working class, particularly farmers, textile workers and coal miners suffered throughout the whole period. The decline In foreign demand led to drastic fall In farm prices causing the majority of the farmers to remain depressed.It was successful in the rural areas but not in the urban ones. In sign of protest, people were making their own alcoholic beverages. Speakeasies were growing in popularity too. Attracted by huge profits, the underworld gangs rose to power. Due to corrupt alliances with politicians, policemen and Judges they had an undeniable power. AY Capons had a huge influence in Chicago due to his high illicit earnings. There were several gang Wars as they were fighting for power, one of the most famous being The Valentines Day Massacre. In conclusion, the sasss had its good and bad parts.It has proved to be an incredibly prosperous period for middle classes and an unfortunate one for the immigrants and working classes. In this period the USA experienced major economic and social changes that made it a leading country around the world. As some young Americans were experiencing liberation, others were facing racism. This made the sasss a decade of contrasts. In my personal view, both prohibition, intolerance and the Jazz Age and increasing social freedom marked the sasss as a rich period that affected the whole population of America in a specific way.

Relativism in relation to TV melo dramas Essay Example For Students

Relativism in relation to TV melo dramas Essay Webster Dictionary describes relativism as a view that ethical truths depend on the individuals and groups holding them. The United States has the idea that they have the right to stick their noses into other countries business because something else is morally wrong. But cultures vary greatly regarding what is morally right and wrong. Quotes related to relativism saturate prime time dramas like Roswell, and Dawsons Creek. Roswell is a semi drama on the WB Wednesday nights. The main characters of Roswell are Max, Liz, Michael and Isabel. In this episode it says, Of coarse its got to be the right one. You know how you know this, the kiss thats how. In this quote an alien hunter, Everett Hubbell, tells Max Evans his opinion on how you know you found the right girl. This relates to relativism because Everett Hubbell pushes his opinion on Max. Also on the WB, Dawsons Creek is a highly rated television show. The main characters are Joey, Dawson, Pacey, Jen, Jack, and Andy. In this episode it says,Joey: Dawson what were you thinking?Dawson: I wasnt, for a fleeting moment I actually wasnt thinking, and it felt good. Joey: To take advantage of a girl who was drunk, vulnerable, and clearly on the rebound, I mean is it just me Dawson, or is this jaw dropingly out of Dawson: What character, Joey the little sketch in your head you have labeled Dawson, look this might not be the me your used to and I might make a complete fool of myself, but you have to start letting me make some mistakes. In this quote Joey is appalled on how Dawson acted because he acted differently than she is used to him acting. This directly relates to relativism because Joey has a preconceived notion on how Dawson should act. Bibliography: