Accounting Research Paper Example | Topics and Well Written Essays - 2000 words

Accounting - Research Paper Example paration of Financial Statement and consistent with this, it is essential for firms to reveal separately in the statement of income for the record of the inventories which has been small persistence thing. Additionally, this rule also demands for sufficient data which influences the important measures with that data which can additional support in accepting a situation. The risk of not including the inventory write-down in the financial statement is that the investors may over-anticipate income firmness and thus lead to decisions that may create strong unethical situations. Beside this, such condition can direct towards many ethical and financial problems for example excessive manager’s payments, concealment fraud penalties, losing investors self-assurance in organization with loosing value of brand in addition to goodwill. Accountants who do not consider complete according standards while making financial statement, are not only breaching the according standards but also are breaching the trust and ethics which is considered as inevitable in the â€Å"professional behavior† (Little, 2008, p. vii) of the people. As being element of Practicing Business, it is suggested that CEO and CFO of the business should think such influence of the â€Å"Internal Revenue Service† (Internal Revenue Service Data Book, no date, p. 32). This IRM gives an outline and common knowledge of GAOs annual Financial Statement Audit of the â€Å"Internal Revenue Service† (Internal Revenue Service Data Book, no date, p. 32) (IRS). As the country’s tax collector, the IRS has the liability of collecting taxes, enforcing the nation’s tax laws and processing tax return. The GAO performs annually audits of the financial statements of IRS in keeping the CFO Act of 1990, as extended by the â€Å"Government Management Reform Act of 1994† (Guthrie et al., 2005, p. 357) Appropriate to this Act, the General Accounting Office (GAO) opines on the fiscal statements of the IRS in the report financial

Analytical Paper Assignment (Syria and Ukraine) Essay

Analytical Paper Assignment (Syria and Ukraine) - Essay Example This paper discloses the current conflicts in Syria and Ukraine. It describes the roles of the main leading countries in these conflicts. The past events in Syria and Ukraine prove that imperialism is no longer relevant. It is no longer easier for powerful countries to increase their power by exercising control over the rest of the world. America, for instance, prefers not to intervene in the military actions of Syria mainly because they want to maintain a neutral stance, and projects a good international policy of not meddling in the affairs of other nations. The American foreign policy is such that it justifies military action if there is substantial evidence that the countries such as Syria and Ukraine pose a threat to world security. The Ukrainian geopolitical realities are quite different, indicating likely risks of cold war. There is also likelihood of power rivalry. The international law viewpoint considers Syria and Ukraine as trying to make an ambiguous case in trying to declare their sovereignty, the west thinks, yet there is a legal act that that has is valid from 60 years ago (Kristof 27). The self-determination remains inapplicable because its exercise would fragment an existing state-Ukraine. The same nation was a member of United Nations. Such world orders are now challenged by such functional considerations as climate change, sustainability, and weapons of mass destruction-and by normative contemplation connected with equity, human rights and survival of species (Cooper p29).