Fair value Essay Example | Topics and Well Written Essays - 2000 words

Fair value - Essay Example value measurement, there is need to know the meaning of fair value which is basically â€Å"exit price of† a market transaction rather than specifically applicable only to an entity. Said fair value depends basically whether or not there is an active market or not but preferably the exit price must be that of active market, if there is any. Thus if there is active market, the exit price would refer to quoted prices for identical assets or liabilities that a company or entity can access at measurement date. Thus if there is no active market, that which is observable or objective available should be the basis for said fair value as much as possible. However, IFRS categorizes the fair value into three (3) inputs which are arranged in hierarchy giving priority giving the highest priority to (adjusted) quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs as provided or in IFRS 13:72 (Deloitte 2014a). When it is required to use fair value? It is required for certain assets and liabilities as implemented in each IAS or IFRS issued by the IASB. As such, the measurement and disclosure requirement under IFRS 13 do not apply to the following according to IFRS 13.6: (1) Share-based payment transaction within the scope of IFRS 2 – Share-based Payment; (2) Leasing transactions within the scoped of IAS 17 – Leases; (3) Measurements that appear similar to fair value but are not the same, such as the net realizable value in IAS 2 – Inventories, and; (4) Value n use in IAS 36- Impairment of assets (BDO, nod) When it is permitted? It is permitted as provided for certain assets and liabilities also as implemented by specific IAS or IFRS issued by IASB. In both cases however, there is a requirement of disclosure about the fair value measurement being used by the entity (Deloitte, 2014a). In so applying the categorization of inputs to measure fair value using different levels of the fair values

Privacy is not the most important right Essay Example | Topics and Well Written Essays - 1000 words

Privacy is not the most important right - Essay Example There was very limited control in the society. However, modern institutions have developed controls that have raised very various privacy concerns. Privacy has become a matter of concern to many thinkers, law makers, human rights activists and other essential policy makers. Despite the significance of the right to privacy and the existing laws supporting it, government agencies, security departments and legislative authorities across the globe have engaged in laws and acts that violate the right to privacy as a basic principle that define human dignity. The guiding principle for security agencies in Britain is that security interests and ensuring stable human security is supersedes the basic right to privacy. The United Kingdom has overemphasized the protection of human security at the expense of the constitutional right to privacy. The installation of public surveillance cameras in major cities and towns in Britain is an example of a major violation of the fundamental right to privacy in the country. As a matter of fact, every individual has something to hide from the public, a fact that may be infringed by the installation of surveillance cameras. It is a universally acknowledged that people should not be allowed to hide under the guise of the right privacy to commit crimes and cause harm to law abiding members of the society. Proponents of this point of view hold that privacy is not one of the most fundamental human rights. Most scholars will concur with my position that, privacy defines comprehensively the right to be left alone and refrain from sharing an individual’s private information with other people. Some of the common issues that are catered for by privacy rights include: individual truths, private matters and issues, individual information as well as ones secrecy. The right to privacy is commonly popular and profound to free people. It offers a significant amount of

Leadership Communication Presentation Essay Example | Topics and Well Written Essays - 250 words

Leadership Communication Presentation - Essay Example To counter this argument, another manager may say, â€Å"Removing all our fringe benefits would result in low morale for the employees.† Obviously, the second manager was using the straw man fallacy by restating what the other manager said, and saying â€Å"removing all our fringe benefits† when the first manager actually said a reduction in the fringe benefits. These conversations are typical in organizations especially when meetings are held to find solutions for problems that confront the company. There are several ways to overcome or prevent a straw man fallacy in an organization. First, in making vital decisions for the company, it is better to put the arguments for each position or alternative in writing; rather than having a face-to-face debate with the proponents of different sides. In this way, the possibility of misinterpretation and misrepresentation is eliminated. Another way to prevent a straw man fallacy is to show proofs, data or statistics in presenting alternative solutions to organizational problems. If these information are presented, it would be hard to refute by just a straw man fallacy. Lastly, it is suggested that to overcome a straw man fallacy, those involved in making major decisions for the firm should be well-informed. According to Talisse and Aikin, the success of the straw man fallacy depends on the ignorance of the audience; thus, if the people responsible for decision-making are well-informed of the various positions, then they can have an intelli gent and reasoned discourse without being swayed by fallacies

Kant Philosophy Essay Example | Topics and Well Written Essays - 250 words - 4

Kant Philosophy - Essay Example Obligations and inclinations arise from duty. Consoling a grieving friend arises from duty, which is part of moral judgments. It is the right thing to do in such a situation. Normative judgment specifies that consoling a person, as a specific course of action, is the rational course if they are grieving. Emotions motivate moral obligation because one empathizes through showing compassion. The moral law demands that one consoles a friend, but if goodwill does not motivate such an action, then the inclination may have selfish interests. Principle and reason shape human behavior, rather than the expected consequence or emotional feeling that triggers actions. For that reason, a person would see it right to console somebody because of principle, even if they feel no compassion or empathy for the victim. This means that conscious concerns regulate emotions and they serve an important role in the persons' moral life. Human dignity demands that one act in the similar way that they would like others to treat them. Even so, while the society cannot hold a person accountable for moral obligations or inclinations, they are accountable for their goodwill, because it is often under a person’s  control.

The little school by Alcia Partnoy preface by Julia Alvarez Essay

The little school by Alcia Partnoy preface by Julia Alvarez - Essay Example "The little school" by Alcia Partnoy preface by Julia Alvarez The history reveals that most of the literature created during imprisonment attains the status of ‘master piece’ and ‘The Little School’ is one of them. Moreover, literary figures with their creative abilities give tough time to dictators even during their brutal regimes and leave everlasting images on history and literature. Deep observation and strong memory is considered an asset of any person. Alicia Partnoy proves in The Little School that she is not short of these qualities. From the first story of the novel, her kidnapping from the house, to the last story, she elaborated each and every detail of the event in artistic manners. She successfully points out the brutal aspects of the Dirty War. By utilizing her power of deep observation, she notices each and every incident during the course of her imprisonment; keeps them in her mind while using astonishing skill of memory and elaborated before readers after her release. â€Å"The guard’s shift was organized in three groups of four guards each† , the sentence shows her deep observation and memory. By giving a surprise to her admirers, she tells exact numbers of security guards in The Little School at different timelines of a day. By drawing a sketch of a security guard she writes, â€Å"Approximately 22 to 23 years old, 6 ft., 154 lbs., straight hairs, brown eyes, white complexion, regular features†

Planning My economics Essay Example | Topics and Well Written Essays - 1500 words

Planning My economics - Essay Example As much as a government may attempt to meet the health demands of its population through the injection of adequate resources, fulfilling them may not be attainable. This becomes harder because most of the services offered through government channels are at no cost hence making it harder to fulfill the fundamental principles embedded. Using this as the basis, the government may allow the involvement of the private sector in meeting these needs with the overall objective being the maintenance of a healthy population that is likely to generate positive externalities. As documented above, the intervention of the government in ensuring that its population remains healthy is vital to policy development and providing the required infrastructural support. On one hand, merit goods tend to influence positive externalities such as having a healthy population that would propel an economy, but it may also influence market failure. The market failure may result from the lack of reliable health ins urance options that may lead to medical debts that may puncture a functional economy. Government intervention may be a possible intervention strategy, but it should have the interest of the population at the center by communicating the benefits and the risks of the strategies that it chooses to implement on its citizens. As a recommendation, the government should use citizens involvement in choosing the appropriate merit goods or services that best suit them rather than applying a uniform approach to health services delivery.

The Mirror and the Lamp Essay Example for Free

The Mirror and the Lamp Essay M.H. Abrams: The Mirror and the Lamp. It is establishes between a work and three pivotal points. -The primary focus of literature/art is to instruct which brings it into the realm of education. 1. Work represents the product itself. It is called an artefact. 2. Most important thing is artificer (artist)Â  3. Taken to have a subject derived from something 4. Lastly this comprehensive quality is absorbed by people. -There are varying literary schools of thought but they exclusively choose one. Artist If the focus is on the artist, we read Hamlet but we look at Shakespeare, the creator. Biographical criticism, the perspective that the biographical criticism reflects the event, specific experiences, personal prejudices, and life are reflected in the work. So that Hamlet is a projection of Shakespeare. The danger of this approach is that it can become a fallacy. The poet is (not) the speaker. It can and cannot be the speaker, we dont separate the work from the writer. Psychological In the world of physiological, the physiological state of the artist and the manifestations of repressed needs, desires, and frustrations are reflected in the work. We move away from the work and focus on the physiological state of the artist. Universe: Social Historic The work expresses the values, issues, and concerns of the age which produced the work. Moral/Didactic From this perspective, the art should reflect an ethical perspective. If it teaches us anything, it becomes didactic. Audience: Reader Response There is no single interpretation which takes present over another. It becomes affected, tainted by our emotions, and perspectives. We arent really talking about literature, we are taking our feelings. How we interpret literature changes the work itself. Work The work should stand alone from the artist, universe, and audience. 1. Philosophical Within the realm of PC, the work reflects an idea. We eliminate the art when we just view a work from a philosophical idea. 2. Linguistic We are forced to look at syntactical use of words and the meaning of words because its purpose is communication. It becomes too scientific and we dont take into consideration the connotation, denotation, and the metaphoric aspect. 3. Formalistic The focus is on the artful and formal arrangement of language. Our focus is then on the rhetorical. -All literature should be viewed from all four points. No piece of literature will stand alone, it will have to be viewed with all for aspects.