Is the constitution effective? Essay

The United States Constitution is scrutinized constantly. Differences about the forces of national government and the privileges of states have been visit. Joined with the partition of forces, the insurance of common freedoms, and the capacity to make a national character, the Constitution can't be viewed as whatever else yet powerful. The Constitution has endured the country this long, and numerous things concerning the Constitution have been discussed. In any case, the Constitutions viability can't be addressed. At the Philadelphia Conference, where the constitution was marked and put the last addresses, the men who made the record needed to ensure that government could never manage over anybody of the U.S. once more. The establishing fathers did this by making a detachment of forces, with 3 parts of government; Executive, Legislative, and Judicial. With powers isolated between these branches, it would guarantee that the nation could never fall under oppression, and it never has. State and administrative forces were additionally isolated, giving state governments a little opportunity to make their own laws, yet at the same time submit to the entirety of the national laws also. The establishing fathers of the Constitution attempted their best to make a compelling piece of the administration where certain forces were isolated, and they did only that. Understand more: How did the constitution guard against oppression article Common freedoms are fundamental rights ensured by laws or by a constitution. Typically when an American considers common freedoms, they think about the Bill of Rights, however the Constitution itself shields itself from oppression. Numerous articles and corrections in the Constitution were put there for the main explanation yet of the individuals, and to ensure their privileges. These articles and revisions spread everything from strict opportunity to one side to a reasonable path, the Framers truly thought of everything the individuals should have been shielded from around then. Some would contend that the Constitution was composed for the general public in 1787, and not for a cutting edge society, yet a person’s essential needs to live are equivalent to they were in that time. Maybe it is a result of these rights Americans are given that they are underestimated of. After the Revolutionary War, the U.S. expected to split away from England, and make and picture and character for itself. The U.S expected to show that theyâ weren’t Britain’s little province any longer, it was a nation with a solid government. The Constitution gave the United States the character it required. It is a solid record, giving the central government power, while simultaneously letting the individual states keep a portion of their sway. After the Constitution was marked, the economy developed, the country gradually came free and clear, and the United States earned regard, while demonstrating how viable their new government was. The Constitution is a powerful archive that helped the United States from numerous points of view. The Framers never needed to have oppression rule over the country, and it hasn’t in light of this archive. The Constitution ensures the privileges of the individuals, just as keeps up a solid focal government the individuals can depend on. The Constitution has kept going the United States this long with extraordinary achievement, so why should anybody question it’s adequacy?

Chinese Film Essay Example | Topics and Well Written Essays - 1000 words

Chinese Film - Essay Example Also the aptitudes that Chinese are referred to for, for example, the most famous combative techniques. China as the main nation regarding the most elevated populace on the planet is one extraordinary explanation behind individuals in the West to catch their market for more prominent gainfulness. Reports uncover that China is currently the subsequent film advertise on the planet and anticipated to be the main in the years to come. This most crowded country is relied upon to become 17% in the year 2015. Possibly, China has around 1.34 Billion film goers and this number is definitely to influence the overall film advertise. Different nations, particularly the US rush their interest in China to gather the Chinese populace in this way guaranteeing their ventures and movies to get the most benefit (Guardian News, n. p.). There have been a great deal of movies that are made in China that toppled the overall film showcase. The most recent hit that crushed the top outlines is Ang Lee’ s â€Å"Life of Pi†. This film has created roughly $570.9 million income in the overall ticket deals. It has outperformed different motion pictures in the present film stream, for example, â€Å"Les Miserables† and ‘Django. Unchained†. â€Å"Life of Pi† is relied upon to hold onto different honors as the film is demonstrated to be a worldwide hit. It increased positive surveys with the most number of designations, which came to around 11 Oscar selections (Miller). â€Å"Life of Pi† is a two hour film got from the top of the line book of Yann Martel. Ang Lee can make a great masterpiece out changing over the account epic story into an amazing horde of beautiful impacts. The film fixates on Piscine â€Å"Pi† Patel who got abandoned in a pontoon with a Bengal tiger named â€Å"Richard Parker† in Pacific sea after their boat got wrecked in Marianas channel - the world’s most profound waterway. Pi is going alongside his dad, mo ther, and sibling Ravi in a payload transport destined for North America where they should sell their went with zoo creatures. During the tropical storm, Pi made it to a salvage pontoon alongside a lot of other expected to survivors †one hyena, an orangutan, a zebra and Richard Parker. Because of the creature rivalries in the pontoon, just Richard Parker kept going as the other survivor with Pi. As Pi and Richard Parker remained for quite a long time in the pontoon, they have built up their own domains. Along their excursion, they experienced different wonders, for example, being rushed with a school of flying fish, being toppled over by an approaching whale, a quiet night sea loaded up with glowing jellyfish, avaricious tempests, extreme warmth and hunger, and the meat eating island. These scenes were charitably depicted with incredible impacts that can leave any watcher surprised. The sensible and vivid impacts, for example, the sky reflection on the sea, the reasonable marin e exercises going through their vessel, the move from downpour and radiant climate makes an unmistakable effect that anybody would adhere to the remainder of the film. There is likewise the utilization of 3D impacts which bridled the outcome even more. The film makes a creepy inclination as the nature is made nearer to the watchers. Pi and Parker made great ally to one another as they clamored towards endurance. Parker, being a danger to the life of Pi, makes Pi ready constantly. As he said in the film, his dread for his friend made him alert, in this manner causing him to endure. Pi shared his encounters where anybody would grasp their confidence and put stock in wonders and

a week of class notes

a week of class notes classes started last wednesday! heres a cross-section of my coursework this semester, as represented by some notes from each class: 16.06 Principles of Automatic Control this is a required class for the course 16 (aero/astro) major at MIT. we spent the first day of class watching videos of very fancy automatic control systems at work, like variable-pitch quadcopters flipping upside-down  (developed in the MIT Aerospace Controls Lab), or vertical-landing rockets (hey spacex, hey blue origin). control theory is about making messy systems behave the way you want them to behave; this can be as simple as making sure a toilet doesnt overflow or as complex as making a self-driving car follow a set path. 6.111 Introductory Digital Systems Laboratory this is a project-based class about teeny tiny computers. 16.82 Flight Vehicle Engineering 16.82 is one of the capstone options for the aeroastro degree. in true mens-et-manus spirit, students design, prototype, and test an actual flight vehicle for an external contractor. past years of 16.82 and 16.83 (the analogous class in space systems engineering) have led to real systems for  the international space station or the air force. this year, were working on a medium-altitude long-endurance plane that can fly for five days at a time. 21A.819 Qualitative Research Methods this is a graduate class in MITs incredible anthropology department, focused on methodology for qualitative social science and ethnographic fieldwork. mary gray defines ethnography as not trying to understand the world, but trying to understand how other people make sense of the world. growing up in a very math/science-focused community, i internalized the belief that the STEM fields were intellectually superior and more rigorous to the so-called soft sciences. MITs school of humanities has gratefully stripped me of such a prejudice. people are complicated and interesting and difficult to study if you limit yourself to mathematical models and quantitative data, and im looking forward to getting better at qualitative research methodologies (ever heard of  semi-structured interviewing? what about participant observation?) here is a picture of the cat lounging in my doorway. happy start-of-semester!

Wireless Lan And Security Risks - 1924 Words

Wireless LAN and Security Risks Abstract Systems today require great security; however WLANS have some special security necessities. This segment looks at some of the security requirements for WLANS and security alternatives. WLANs are prone to various vulnerabilities that don t exist for wired Ethernet LANs. Such vulnerabilities provide hackers unauthorized access to network. Different vulnerabilities may be brought about by a well intentioned however clueless worker who introduces an AP without the IT division s endorsement, with no security. This would permit anybody to get access to whatever remains of the Enterprise s network. Introduction Remote development has become the entire more in trend in our normal business and individual lives. Individual progressed partners (PDA) license persons to get to timetables, email, and address and contact number records, and the Internet. A couple of advancements impressively offer overall arranging schema (GPS) limits that can pinpoint the spot of the contraption wherever on the planet. Remote developments surety to propose substantially more characteristics and limits in the going with few years. A growing number of government orgs, associations, and home customers are using, or mulling over using, remote advances in their surroundings. Work places should be aware of the security dangers connected with remote advances. Business locales need to make system that will control dangers as they amass remote developments into theirShow MoreRelatedAdvantages and Disadvantages of Normal Lan vs. Wireless Lan1508 Words   |  7 Pagesnormal LAN vs. wireless LAN. Computer networks for the home and small business can be built using either wired or wireless technology. Wired Ethernet has been the traditional choice in homes, but Wi-Fi wireless technologies are gaining ground fast. Both wired and wireless can claim advantages over the other; both represent viable options for home and other local area networks (LANs). BelowRead MoreComputer Systems And Software Engineering1707 Words   |  7 Pagesin Wireless LAN (WLAN) How to Overcome it. TABLE OF CONTENT NUM. CONTENT PAGE NUM. 1. Introduction 3 2. Types Of Wireless Local Area Network (LAN) 4 3. - cont. Types Of Wireless Local Area Network (LAN) 5 4. Five Biggest Security Challenges 6 5. How To Overcome Security Challenges 7 6. References 8 INTRODUCTION Definition of Wireless LAN is Wireless Local Area Network (WLAN). 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This makes it easy for a hacker to intercept by sniffing the Wireless LAN for SSID advertisements coming fromRead MoreSecurity Policy : Security Policies Essay825 Words   |  4 PagesChapter – 17 Security Policies Notes †¢ Security policy define constrain within which a network or system must operate. o Every organization has different policy based on their requirements. o The difference in security policies is based on the differences in security threats and asset values. †¢ General Functional Policies o When strictly followed and combined with effective technical solutions, wireless local area network security policies can reduce intrusions, risks, and costs associated withRead MoreCase Study - Securing the Network623 Words   |  3 Pagessystem that is accessed by multiple branches, staff members and remote users. The diversity of an enterprise environment dictates the need to consider multiple aspects when planning for access. Normally, an internal LAN is considered a secure network. Due to its broadcast nature, wireless communications are not considered as secure. Such networks are vulnerable to eavesdropping, rogue access points, and other cracking methods. For remote access, VPN solutions such as dial-up, IPSec VPN, and SSL VPNRead MoreNetwork Consultation Scheme : Suitable Network Design1380 Words   |  6 Pagesrequired to be up front all the time and capable for easy administration. The size of the institute is not always an excuse for a network design not to perform eff iciently. For the above named corporation, the ideal network design will be Ethernet LAN Diagram as the most ideal network design (Janeveski, 2003). Best Network Architecture for this Plan Network Architecture involves the scheme of a communicating complex. 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It is usually used in organizations, schools or even at home. A Local Area Network can be created with Ethernet cables and its components or via wireless technology. A Local Area Network has reduced security threats to its data in that for a person to access the data, they need to be within the small region withRead MoreOutline And Recommendations For Hello Bill ! As Promised1559 Words   |  7 Pagesof networks are a LAN (Local Area Network) or a WAN (Wide Area Network). Each having its pros and its cons. A Local Area Network (LAN) is used to share resources and exchange information by connecting multiple computers or workstations of a company. However, a LAN network can only be shared in one area, such as a building. In a LAN network, computers and hardware such as printers can all be connected by cable or by using a wireless connection. Some Advantages of using a LAN network are: ï‚ § YouRead MoreUsing 802.11 Wireless Local Area Network1024 Words   |  5 Pages2627862 Susheel Sarab-2660333 ABSTRACT 802.11 wireless Local Area Network (WLAN) becomes most important these days. Whether it would be simple range extender for a home wired Ethernet interface, or as a wireless interface, WLAN provides mobility, ease of access and affordable. Most of the 802.11 wireless network uses the frequency of 2.4GHz, which leads the network to be unsafe and more vulnerable than traditional Ethernet networks. In general, security issues for the Network layer has been discussed

Should College Athletes Be Paid - 1206 Words

College athletics have gained immense popularity among Americans over the past few decades. This has resulted into increased revenues for the(NCAA) and the participating colleges which has fuelled the debate of whether college athletes should be compensated beyond their athletic scholarships. College athletes should be paid because they spend more time doing that than anything else. It s kinda like having a full time job.Athletes form the basic unit of intercollegiate sports. Despite the success of NCAA tournaments, athletes do not receive any monetary compensation. The main reasons fronted by the NCAA for lack of payment are that it wants to maintain its amateur status and that payment would compromise the integrity of intercollegiate athletics. It has increased its profits through the sale of merchandise, television rights and licenses for video games. Athletes play an active role in the promotion of these activities but do not benefit from the profits that are generated. This can be viewed as unethical.Other students on scholarships are paid when their offer their services to their schools and the same should apply for athletes. This is because athletes offer more to their colleges than other students to the extent where sports have become the foundation of some universities. In this regard, universities like Alabama and Indiana are appreciated more due to their prowess in football and basketball respectively instead of their academic excellence.The growth inShow MoreRelatedShould College Athletes Be Paid?1289 Words   |  6 PagesThroughout the years college sports have been about the love of the game, filled with adrenaline moments. However, the following question still remains: Should college athletes get paid to play sports in college? Seemingly, this debate has been endless, yet the questions have gone unanswered. The National Collegiate Athletics Association (NCAA) plays a vital role in this debate. 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AccordingRead MoreShould College Athletes Be Paid?1364 Words   |  6 PagesHave you paid attention to all of the news that has been surfacing about collegiate sports lately? It is a big topic now days in the world of sports on weather college athletes should be getting paid to play sports. College athletics have gained great popularity of the past few decades, and have brought schools lots of revenue. A lot of college athletes think they should be getting paid for their services they do for their school. College sports like basketball and football generate over six billionRead MoreShould College Athletes Be Paid?1130 Words   |  5 PagesWhat college athlete would not want to be paid to play the sport that he or she loves? The real question is, though, should college athletes be paid for their roles in a college’s athletics? They are many points to each side of this recent controversial topic, which is why this has been made into such a hot deba te in the past couple of years. 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Constant Purchasing Power Accounting-Free-Samples for Students

Questions: 1.Identify and describe three (3) alternatives to Historical Cost Accounting (HCA). In your description, outline the underlying assumptions of each alternative and provide examples of how each method could be applied in practice. Critically evaluate whether any of these alternatives represent a viable alternative to historical cost accounting. 2.Identify the main users of accounting referred to within the AASB/IASB conceptual framework. Does the identification of particular users within the conceptual framework have implications for the future of accounting measurement? In your response you will need to consider the implications of the identification of particular users on the use of fair values and historical cost accounting. 3.Outline the advantages for accounting that could result from the development of conceptual frameworks. Refer to the following journal article: Hines, R (1989), "Financial accounting knowledge, conceptual framework projects and the social construction of the Accounting profession".Accounting, Auditing and Accountability Journal,2(2), pp. 72-92. Who does Hines believe has the most to gain from the development of conceptual frameworks? Compare and contrast the views of Hines with the advantages you identified in part a. Answers: 1.Historical cost accounting is a conventional process of accounting whereby the transactions are recorded in terms of money that in that amount which was purchased at the cost at which it was purchased, that is at historical cost (Grossi et al., 2016, pp. 441-450). This method, the principle of historical cost requires recognition of the revenue at the price at which it was realized in the financial statements (David, Wolfender Dias, 2015, pp. 299-315). However, the historical cost ignores the value of decline of the monetary value and thus alternatives has been found in order to replace the technique, according to a recent research by the international account the alternatives of this method of accounting are : Constant Purchasing Power Accounting: The Constant purchasing power accounting that is known as CPPA is a recent accounting model that has been approved by the international accounting standard board. This has been a great alternative to historical cost accounting (Borio et al., 2015). In this technique, the capital maintenance of finance is measured in units of constant power of purchasing in terms of daily index (Grossi et al., 2016, pp. 441-450). In case of Constant purchasing power accounting, the constant purchasing power of the capital for a period that is indefinite can be automatically maintained (David, Wolfender Dias, 2015, pp. 299-315). The assumption of the CPPA set by the IFRS (International Financial Reporting Standard) It follows the accrual basis of accounting: the transaction effect and the other events that are relevant are recognized at the time they occur. They are not dependent on the time when the cash is paid or gained (Krasner, 2014). Another assumption is that the PPA follows the going concern basis, that is the business will carry on till near future. The measurement unit of CPPA is in terms of real value (David, Wolfender Dias, 2015, pp. 299-315). Illustrative example of CCPA In order to compute, the monetary result of Company X Ltd. as at 31 December 2017, the following example has been shown. The data are given below: particulars 1st Jan 2017($) 31st Dec 2017($) Cash 5000 10000 Debtors 20000 25000 Creaditors 15000 20000 Loan 20000 20000 Retail price index numbers ($): Jan1, 2017 200 Dec 31, 2017 300 Average for the year 240 Calculation of purchasing power gain or loss particulars Unadjusted($) Conversion factor($) Adjusted ($) Net assets as at Jan 1, 2008 Add: increase in monetary receipts Less: increase in monetary liabilities Net assets/ liabilities: (10000) 10000 300/200 300/240 300/240 (15000) 12500 Nil (5000) (2500) (6250) (5000) (8750) Gain of purchasing power= $ 8750 $5000 = $3750 Note: The amount of net monetary liabilities as on December 31, 2008 should be Rs. 8750 during inflation. However, such liabilities are only Rs. 5000. Therefore, the company is making purchasing power gain of Rs. 3750. Critical Evaluation of CPPA Advantages of CPPA: It relies on the data that are already available under the historical cost accounting (David, Wolfender Dias, 2015, pp.299-315). There is no need for incurring the cost for collecting the data of the current values of assets (Thompson Daniel, 2016). The data of general price index are easily available. Disadvantages of the CPPA: The price movements of the commodities included in the price index may not represent the specific movements of price in different industries. The various information that is obtained may be confusing to the users. Current Cost Accounting The current cost accounting in another alternative identified to the historical cost accounting. The CCA is based on the actual values and not on the adjusted historical cost. It differentiates the profits from holding and trading gains (Brown Wang, 2016, p.191). The gains of holding can be either realized or unrealized (Thompson Daniel, 2016). The Income perspective adopted will determine whether holding gains or losses will be treated as income. The Assumptions: The holding gains or losses can be treated as income. The holding gains and losses can be treated as adjustments to capital. Illustrative Example An asset was purchased on 1st Jan 2012 at a cost of $10, 00,000 and its useful life was estimated to be 10 years. Its replacement cost was $18, 00,000 on 1st Jan 2017 and $ 20, 00,000 on 31st Dec 2017.calcuate the depreciation adjustment. Calculation of depreciation adjustment under CCA Current years depreciation (CCA method):1800000+2000000/(2*10)= $1,90,000 Historical Depreciation= 1000000/10=$100000 Depreciation adjustment=Current years depreciation on CCA-Historical Dep. =190000-100000=$90000. Critical Evaluation of CCA Advantages of CCA: Performance of various entities can be compared in a better manner (Brown Wang, 2016). The users of this method are able to assess the current state or performance of the business. Disadvantages of the CCA: The replacement cost of assets may not be same for all the assets Lack of familiarity and high complexity Fair Value Accounting Fair value accounting utilizes the recent market values for recognizing theassetsandliabilities. Fair value is the estimated price at which an asset can be sold or a liability settled in an orderly transaction to a third party under recent market conditions (Nobes Stadler 2015,pp.572-601). Illustrative example: Suppose X ltd purchased a two-acre land in 2008 for $1 million, then a historical-cost financial statement would still record the land at $1 million on the balance sheet. If Y ltd. purchased a similar two-acre land in 2017 for $2 million, then Y ltd would record $2 million on its balance sheet. Even though both the land are identical, X would report an asset with one-half the value of Ys land; historical cost is unable to identify that the two items are similar. However, X and Y used fair-value accounting, and then both would report an asset of $2 million. The fair-value balance sheet provides information for investors who are interested in the current value of assets and liabilities, not the historical cost (Brown Wang, 2016, p. 191). Critical Evaluation of CCA Advantages of Fair Value: Reflects the reality of the economy. Losses are recognized and the valuations are accurate. Disadvantages of the Fair value: It is of high risk. Fair value may affect the down market accounting. 2.The International Accounting Standard Board (IASB) is the independent standard for accounting responsible for developing the standards for the international reporting standards or IFRS (Jessen et al., 2014, pp. 844-852). The conceptual framework sets out the concepts of financial reporting that are fundamental and provides a guide for the IFRS (Tracey, 2015, pp. 539-542). It also helps in ensuring that the standards are consistent conceptually. Users of the IASB The framework of the IASB sets the concepts that help in the preparation of the accounting statements for the external users (Brown Wang, 2016, p.191). The users interpret the information contained in the financial statements with the help of IASB. The users include: Investors Lenders Suppliers Employees Creditors Consumer The Public Government Agencies. Implication of the users on the conceptual framework The various users of the financial statements, who use the conceptual framework that are pointed out, have different implications in the future measurement of accounting (Brown Wang, 2016). The suppliers and the trade creditors are interested in the information that helps them in the determination of the time of payments of their owing amounts. The lenders want information that helps them to decide whether the loan will be paid when it is due and whether or not to issue new loans to any entity (Jessen et al., 2014). Investors on the other hand are the ones who supplies the risk capital in the form of funding, are concerned with the risk that are inherent with it (Whittington, 2016, pp.1-6). They also take in hand the returns that are provided by them. Customers are interested to continue in the entity thus, they depend on the IASB. Employees, who work in the entity, can get to know about the profitability and stability of their employers (Daz et al., 2015, pp.1-16).They can obtain a lot of confidence about their work. They also can get a lot of information about their salary and employment conditions through the conceptual framework. Moreover the public are influenced the conceptual framework by getting information regarding the contribution to the local economy. Lastly, the implication of the government employs in the conceptual framework is various allocations of the resources and the general operations (Brown Wang, 2016, p.191). The main motive for selecting a measure for a specific item can be done by maximization of the various information that are obtained regarding the organizations prospects reporting for the future cash flows subject to the ability to loyally represent the same at a cost that is justified by the benefits (Chaudhry et al., 2015, pp.29-37). This is because neither the historical cost nor the fair value accurately or clearly describes the set of possible measurement processes that are to be considered. Thse items should not be taken in hand in the measurement process (Jessen et al.2014, pp. 844-852). The financial statements are complements, they provide various useful information that are beneficial for the financial reporting. This why the best way to satisfy the financial reporting objective of reporting if finance is to consider the impact of a particular specific measurement selection on all the financial statements., instead of emphasizing the statement of financial position over th e statement of comprehensive income or vice versa. 3.In the financial reporting, the conceptual framework is the theory of accounting that is prepared by a standard setting body against which practical problems of accounting can be tested (Stolowy Breton 2014). A conceptual framework (as discussed in Q2) deals with the fundamental issues of financial reporting and the various objectives of the same. In a simpler term, conceptual framework is a statement consisting of theoretical principles that provides guidance for financial accounting and reporting (Gebhardt, Mora Wagenhofer, 2014). The main reasons for developing an agreed conceptual framework are that it provides: A framework to set standard of accounting. A basis for resolving disputes of accounting; Fundamental principles, which then do not have to be repeated in accounting standards (Glaser, Strauss, 2017). The various advantages of conceptual framework are: The main advantages of conceptual framework are that it helps to clarify the various concepts underlying with the accounting standards and the makers of stands like the IASB to develop accounting standards consistently (Jessen et al.2014, pp. 844-852). The conceptual framework provides a sound understanding to the accountants, auditors and the other users of the financial statement. The approach to standard setting is made clear to them and the nature and function of the financial information is reported (Gebhardt, Mora Wagenhofer, 2014). The framework also provides proper guide for transactions that are unusual, which may be otherwise open to interpretation. Many believe that by having a conceptual framework, it improves the overall credibility of the profession of accounting as well (Glaser, Strauss, 2017). The conceptual framework helps to increase the comparatibility of the statements of finance by decreasing the various other alternative of finance. The requirement of reporting will be more consistent and more practical as it is and systematic and orderly concept. It provides a measurement of various specific accounting that can be tested in a objective sense. The key steps to develop the conceptual framework are ( Scholten et.al., 2017): Identification of the variables used in the subject area. literature review of the key idea analyzing the idea Determining the relationship between the variables of the idea In the second part by Hines proposed the conceptual framework as the body of knowledge that is existing in the practice of accounting. According to her, the conceptual framework as core knowledge of various accounting practice. It is a guide to all the transactions. The primary reason for the development of the conceptual framework is to develop the specific accounting standards (Glaser, Strauss, 2017). When the question has aroused as to how the accountants have attained a level of sound success, even after various technical failures, it has been found out that the main rationale for undertaking the conceptual framework is functional and not technical. It is considered as a strategic maneuver for providing the legitimacy to set standard. The accountants of U.K and Canada are benefited the highest with the help of this technique (Stolowy Breton 2014,pp. 5-92). Hines has pointed out various limitations of the conceptual framework. her prespective is different, her point of view is that the standard setting boards and the professional accounting bodies have some other interest in establishing the conceptual frame work (Kakwani Son, 2016,p.14(2)). The professional practioners of accounting. A representation of the threats are the problematic nature of auditing and financial accounting, expansion and the diversification of the work of accounting, the arbitraries of the accounting standard and practice and the lack of knowledge in the political process of accounting (Walton, 2018, p. 1-7). In the above a discussion about the advantage of the accounting (Stolowy Breton, 2014), there is a sharp contrast between the two. The advantages it has been discussed about the framework of guidance that the conceptual framework provides, however Hines has interpreted in a very different manner. The problematic nature of accounting and auditing has not bee n avoided and the conceptual framework is not being able to provide a sound clarity (Fiske Maddi, 2016). In terms of teleological normative ethics, Hines' position is most aligned to ethical elitism and/or ethical parochialism ( Smieliauskas, Craig Amernic, 2017). References: Borio, C., Erdem, M., Filardo, A., Hofmann, B. (2015). The costs of deflations: a historical perspective. Brown, S. S., Wang, H. (2016). After growing by an average of 10 percent annually over three decades, Chinas economy emerged as the worlds second largest in 2012. In December 2014, the International Monetary Fund (IMF) claimed that on a purchasing power parity basis, Chinas GDP had already surpassed that of the United States. Meanwhile, Chinas international financial clout seems to have increased as well. Its official foreign reserves reached almost US $4 trillion in 2014, the largest in the world by far. Its net foreign assets ....Enter the Dragon: China in the International Financial System, 191. Chaudhry, A., Coetsee, D., Bakker, E., Varughese, S., McIlwaine, S., Fuller, C., Rands, E., de Vos, N., Longmore, S. and Balasubramanian, T.V., 2015. Conceptual Framework.2015 Interpretation and Application of International Financial Reporting Standards, pp.29-37. David, B., Wolfender, J. L., Dias, D. A. (2015). The pharmaceutical industry and natural products: historical status and new trends.Phytochemistry reviews,14(2), 299-315. Daz, S., Demissew, S., Carabias, J., Joly, C., Lonsdale, M., Ash, N., Bartuska, A. (2015). The IPBES Conceptual Frameworkconnecting nature and people.Current Opinion in Environmental Sustainability,14, 1-16. Fiske, D. W., Maddi, S. R. (2016). Functions of varied experience. Gebhardt, G., Mora, A., Wagenhofer, A. (2014). Revisiting the fundamental concepts of IFRS. Glaser, B. G., Strauss, A. L. (2017).Discovery of grounded theory: Strategies for qualitative research. Routledge. Grossi, C., Aryan-Zahlan, D., Jaradat, O., Arulmoli, A., Sloop, R., Alamir, R., Varatharaj, R. (2016). Seismic Upgrade of a Historical Wharf at the Port of Los Angeles. InPorts 2016(pp. 441-450). Jessen, F., Amariglio, R. E., Van Boxtel, M., Breteler, M., Ceccaldi, M., Chtelat, G., ... Glodzik, L. (2014). A conceptual framework for research on subjective cognitive decline in preclinical Alzheimer's disease.Alzheimer's dementia: the journal of the Alzheimer's Association,10(6), 844-852. Kakwani, N., Son, H. H. (2016). Global poverty estimates based on 2011 purchasing power parity: where should the new poverty line be drawn?.The Journal of Economic Inequality,14(2), Krasner, S. D. (2014). Approaches to the state: Alternative conceptions and historical dynamics. Kakwani, N., Son, H. H. (2016). The qualitative characteristics of financial information, and managers accounting decisions: evidence from IFRS policy changes.Accounting and Business Research,45(5), 572-601. Scholten, R., Lambooy, T., Renes, R., Bartels, W. (2017). Accounting for Future Generations. Does the IFRS Framework Sufficiently Encourage Energy Companies to Reflect on Climate Change in the Valuation of Their Production Assets, Taking into Account the New Initiative of the Task Force on Climate-Related Financial Disclosures? An Exploratory Qualitative Comparative Case Study Approach. Smieliauskas, W., Craig, R., Amernic, J. (2017). GAAP as Ineffective Legal Defense of Financial Reporting: Implications for Truthfulness, Auditability, and the IASB's Proposed 2015 Conceptual Framework. Stolowy, H., Breton, G. (2014). Accounts manipulation: A literature review and proposed conceptual framework.Review of Accounting and Finance. Thompson, B., Daniel, L. G. (2016). Factor analytic evidence for the construct validity of scores: A historical overview and some guidelines. Tracey, E. (2015). Discussion of Conservatism, prudence and the IASB's conceptual frameworkby Richard Barker (2015).Accounting and Business Research,45(4), 539-542. Walton, P. (2018). Discussion of Barker and Teixeira ([2018]. Gaps in the IFRS Conceptual Framework. Accounting in Europe, 15) and Van Mourik and Katsuo ([2018]. Profit or loss in the IASB Conceptual Framework. Accounting in Europe, 15).Accounting in Europe, 1-7. Whittington, G. (2016). Accounting and economics.The New Palgrave Dictionary of Economics, 1-6.

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