Domesticated horses Essays

Trained ponies Essays Trained ponies Essay Trained ponies Essay Dealing with, How have we changed wild ponies into tamed ponies? Ponies werent consistently constrained by individuals. They lived in their crowds without any interruptions from people. In any case, from that point forward we have changed wild ponies into tamed ponies. Wild ponies gobble grass for up to 1 5hours per day and drink where and at whatever point they like however now trained ponies just have up to 2 little dinners for every day which are brimming with heaps of various nutrients and supplements and will have water provided to them in their pens for them to drink when they like. This is a decent and awful thing. Ponies in he wild dont get all the supplements they may need or they may experience difficulty finding new grass, for example, when the grass dries in the mid year, yet tamed ponies will consistently have new food that is loaded with nutrients and supplements to keep them as fit and solid as could be expected under the circumstances and they have explicit dinners made to meet their requirements, they dont need to think that its consistently too it will come too them. Ponies in the wild could undoubtedly get infections and sickness and they would have no real way to be dealt with. Tamed ponies will get rewarded for a disease. This is ood in light of the fact that in the wild they wouldnt get medicines for any ailment which could then reason the pony to pass on, yet in the event that it was trained it could have been dealt with rapidly and without any problem. Tamed ponies have mats and haven consistently of the day however wild ponies dont, This is terrible for the wild ponies since they probably won't have the option to remain warm in the winter or have the option to discover cover when its cold yet on the off chance that the pony was trained, at that point they would have warmth and safe house throughout the entire year and they wouldnt need to discover it. In the wild ponies would consistently be practiced and would have the option to do it when they bet, yet tamed ponies have arranged exercise, for example, 20minutes of rushing or a riding exercise or being turned out in a field. This can be acceptable and terrible in light of the fact that while individuals are ensuring they get enough exercise and remain sound, they wouldnt have as much opportunity as the wild ponies. Trained ponies would likewise get their stable cleaned regularly with a new bed put down, this isnt a concern for wild ponies since they would have such large spaces it wouldnt get filthy. Tamed ponies have reproducing programs which is when individuals pick two ponies bring about a variety ceasing to exist after some time in light of the fact that insufficient reared to make foals.

Hollywood Science & Disaster Cinema Essay

Somewhat, all fiction endeavors to twist accurate realities in the administration of the account. At times, this is accomplished for reasons for unadulterated capacity, for example, increasing the stakes of account or keeping the sensational force from pounding to a total stop. In different cases, it is done to communicate a specific authorial perspective †maybe a political viewpoint or a perception about society †which is as a rule, dependent upon the topical honesty of the story. On account of artistic fiction, Hollywood has consistently had an extraordinary proclivity for a liberal translation of reality. During the 90s catastrophe exemplary, Armageddon, screenwriters Jonathan Hensleigh and J. J. Abrams assume that it is difficult to impart boring experience to very much prepared space travelers so as to legitimize sending up an oil rig group with no astronautical experience to spare the world by dropping nuclear bombs into a geologic mass the size of Texas †which is generally similar to attempting to part an apple with a needle. The 2003 film, The Core works from a total non-premise in which a latent attractive field puts Earth in danger from cremation by space-based microwaves †which all the more precisely, represent no danger and are influenced little by attractive powers not to mention the Earth’s attractive field. One could state that Hollywood doesn't just curve reality. Or maybe, truth is made to extend, reshape and form itself into doubtful shapes as though it were so much Play-Doh. The film The Day After Tomorrow, which had been showcased intensely as an apparently wake up call about the potential hazards of environmental change, is positively no special case to this Hollywood convention. Coordinated by German-conceived Roland Emmerich, the end times pornography auteur of such movies as Independence Day and Godzilla chooses to release his purifying desires on a bigger, planetary scale (with New York remaining his essential canvas of devastation). The Day After Tomorrow centers around one paleoclimatologist †an eight-syllable term for ‘guy who contemplates ancient climate conditions’ †and his purposeless endeavors to persuade world pioneers of the deplorable ramifications of environmental change. While a large number of the logical premises he advances are valid, it is the point at which they arrive at their tipping point and send the Earth into an Ice Age far sooner than he had anticipated that the film enters the domain of imagination. In any event, The Day After Tomorrow does the respectable thing to researchers and make an effort not to make them look like simpletons to watchers who know some things about science. Jack Hall, the previously mentioned paleoclimatologist played by Dennis Quaid, keeps up a cognizant perspective on science that is better than expected for most Hollywood researchers. He expresses the film’s center reason, which is that dissolving polar ice will negatively affect the Gulf Stream that will seriously upset the common warm streams causing extreme climate changes. Nonetheless, he anticipates that this will occur through the span of decades or hundreds of years. Along these lines, the mechanics of environmental change explained by Hall are sound. (Duke University, 2004; McKibben, 2004) It is the rate at which environmental change happens inside the film that is ridiculous, just as the close supernatural estimating capacities of Hall’s PC reproductions. The idea that nobody other than Hall can transplant present day meteorological information, as accumulated by his partner Terry Rapson, played by Ian Holm, and his collaborators at the Hedland Climate Center, into a paleoclimatological situation is totally befuddling, as though to recommend they are the main specialists who could predict this. To screenwriters’ Jerry Rachmanoff and Roland Emmerich credit, they remain completely mindful of the level to which they have misrepresented these issues. The atmosphere tipping point sends the Global North into a progression of climate debacles: Tornados unleash destruction on the Hollywood sign (as though to foretell the film’s extreme dismissal of a Hollywood completion arrangement), typhoons sending vehicles flying all over Los Angeles, and below zero temperatures freezing airborne helicopters over Scotland. At the same time, the saint researchers, for example, tropical storm master Janet Tokada, bring up clearly how near unthinkable this quickened pace of debacle is. It’s as though their optional job was to remind watchers that these are for the most part the misrepresentations of anecdotal arrogance. In contrast to The Core, The Day After Tomorrow doesn't disregard the expert uprightness of the science callings by introducing a created non-issue. Moreover, The Day After Tomorrow doesn't suggest that hands on derring do, when furnished with enough enchanted high innovation can consolidate to frame the â€Å"silver bullet† arrangements which fix everything. Notwithstanding, by introducing the environmental change issue on such skeptical terms, The Day After Tomorrow hazards subverting the very message it is endeavoring to get over, in spite of the way that it has the National Oceanic and Atmospheric Administration chief telling a cavalier Vice President who dubiously looks like Dick Cheney, that if arrangement producers â€Å"had tuned in to the researchers, you would have had an alternate strategy in the first place! † While mainstream society may impact approach making, it without a doubt influences well known impression of key issues, for example, atomic weaponry and bioterrorism. (Schollmeyer, 2005) The movie producers of The Day After Tomorrow have regularly expressed that one of their objectives to draw expanded consideration and spike more prominent activity towards tending to the dangers of environmental change. Notwithstanding, in light of the fact that numerous researchers on the two sides of the environmental change banter have disagreed with the logical exactness of the occasions portrayed in the film, it dangers muddying this objective further. This implies The Day After Tomorrow’s absence of logical precision makes it simpler for environmental change cynics to keep on excusing the danger of environmental change by recommending that the film is based on the establishments of proselytizer and scaremonger science, while the environmental change Cassandras will remains Cassandras as they become compelled to expose a film that speaks to their own interests. REFERENCES McKibben, B. (2004, May 4) â€Å"The Big Picture. † Grist. Recovered online on December 6, 2008 from: http://www. grist. organization/remarks/soapbox/2004/05/04/mckibben-atmosphere/Duke University (2004, May 13). â€Å"Disaster Flick Exaggerates Speed Of Ice Age. † ScienceDaily. Recovered online on December 6, 2008, from: http://www. sciencedaily. comâ ¬/discharges/2004/05/040512044611. htm Schollmeyer, J. (2005, May-June) â€Å"Lights, camera, Armageddon. † Bulletin of the Atomic Scientists, volume 61. Recovered online on December 6, 2008 from: http://www. illinoiswaters. net/heartland/phpBB2/viewtopic. php? t=9007

Ethics in Journalism Essay Sample

Morals in Journalism Essay Sample Morals in Journalism Essay Reporting is one of the most significant fields of training that each individual ought to need to consider with their training and exercises. This is the use of news detailing made by columnists to a specific situation or condition that is pertinent to the network. The objective of news-casting is to give attention to people in general with respect to the inclining news and most recent updates our society’s exercises. For this situation, esteeming the importance of news announcing relate to moral applications for each columnist and news systems for showing and revealing pertinent data to the general population. The principle intention is to illuminate general society in regards to a situation that may make a hazard the included network. The purpose for is to forestall any dangers or perils that are making a pressure the general public. Morals in news-casting accompanies a mindful method of handing-off data to people in general. One of the principle reasons is to forestall clashing interests with the general population just as with the nearby government units. Each point by point news report accompanies the rule of veracity in light of the fact that the open has to know the realness of the data being distributed on the web. Dependable production of articles and news detailing accompanies an expert obligation by the columnists. The explanation for is to guarantee that the efficiency of the news gets solid to people in general. Relating data as indicated by their advantage gives motivation to the general public to render their trust with the columnist who is liable for detailing certain news. In the event that the columnist keeps on giving an expert method of distributing pertinent news, they begin to pick up regard from their kindred partner just as by general society. We as a rule see that various phony news reports are currently multiplying over the web. Models are news about a superstar or a political symbol that died as of late. Be that as it may, the validness of the article distributed online neglects to check it on the grounds that the individual who distributed the article isn't an official columnist. Writers some of the time are in danger of submitting copied news detailing because of the way that data that has been accounted for has comparable substance with the reporter’s news report. This is the motivation behind why news systems built up a coordinated answering to guarantee that copyright encroachments won't influence significant news systems liable for advancing news and most recent updates. Morals in news coverage applies with the regard of protection for people or respondents who would prefer not to have their names or face showed by the camera and the PC illustrations master of the news arrange. One of the most significant moral utilizations of news coverage is to report a specific situation that doesn't damage the privileges of others. The purpose for is to forestall any debasement of viewer’s minds as they are enthused about tuning in or viewing the news to get mindful of any applicable data that influences their own issues. Models are prejudice, erotic entertainment, foulness, realistic picture or recordings, separation, loathe discourse, verbal contentions, or deliberate isolation. Correspondents edit their articles or news before distributing it on the open space to forestall any danger of engaging in claims. A few columnists are generally gathered by courts for engaging in criticism or defamation claims recorded by the complainant who was outraged by the article or the news as of late answered to the general population (Ames, 2011). Reference Ames, Roger T. (2011). Confucian Role Ethics: A Vocabulary. College of Hawaiê »i Press. ISBN 978-0-8248-3576-7.

Palliative Care Description and Examples Essay - 550 Words

Palliative Care Description and Examples (Essay Sample) Content: IntroductionPalliative care is an interdisciplinary and broad approach in the management of patients diagnosed with terminal and incurable diseases and their families (Billings 1998). Though applicable to any disease, palliative care is mostly utilized in the management of terminally ill cancer patients. While earlier palliative care was limited only to terminally ill patients, it today has become an essential part of cancer management, especially dealing with the morbidities associated with treatment regimens. The major aspects of palliative care in cancer include, pain management, management of other debilitating symptoms, psychological and moral support to the patient and family, sustenance of vital needs (such as food and drinks) even at the face of imminent death.Each year about 1.7 million new patients in US visit clinic for the treatment and management of cancer and 60% of them experience an intense pain during the therapy and afterwards (Cancer.org 2015). Can cer is a malignant disease and when it spreads to various parts of the body, a patient exhibits varying degree of a range of symptoms depending upon the organ of metastasis. Hence, for example a lung cancer patient may have paroxysms of cough and an inability to speak due to an associated laryngitis, an advanced colorectal cancer patient may have bowel symptoms, where as a patient with infected joints may have difficult gait or postural difficulties. These and the other experiences pose a serious mental pressure on the surviving patient. Add to this a constant threat of approaching death, and mounting hospital bills.Palliative care thus is a very wide area and hence, expertise along with a caring attitude is warranted. With the advances in basic and translational research, mortality rates are decreasing and more and more cancer patients are now survivors (National Cancer Institute 2015). Research on various palliation methods is currently active around the world. In the current wri te up two researchesin this relevance is discussed:Example 1: A study on the barriers to cancer pain managementA major aspect affecting the cancer treatment is the financial burden on the patient and family for the curative as well therapeutic options. In many of the developing nations, the burden becomes double sided, that the patient and the family not only would have to undergo difficulties in the form of lack of advanced therapies available, but also the lack of palliative measures such as availability of pain relieving agents. In the study by LeBaron and group (LeBaron et al. 2014), they evaluated the barriers in access to opioid pain killer in a developing country, India. The study, performed from a sample size of 54 cancer patients, identified that social and infrastructural challenges are the key barriers in pain management. The study recommended revisions in the policy regarding the availability of opioid drugs, especially morphine, in the cancer pain management in India.Ex ample 2: Palliative treatment of colorectal cancer patients; self-expanding metallic stents.Colorectal cancer (CRC) is one of the top most common cancers in the World, with approximately a million incidences per year (Fearon 2011). Up to 1/3rd of the patients with CRC also develop obstructions in large intestine. While surgical removal of the entire large intestine is a common mode of treatment, many of the patients also would have to undergo palliative treatment, to remove the obstruction in the intestinal tract till such surgeries are performed. In the research conducted in 2012 by a group of medical researchers, an evaluation was done when they used self-expanding metallic tubes (SEMS) in aiding the bowel movement until surgery. Obstruction of the bowel by a tumor would not only make difficulties for the patient, but also would create problem in diagnostic measures like colonoscopy. SEMS is a means to drain the obstruction, and to further allow bowel ...

The Examination And Arrangement Estimation Of Student...

Essentially all countries of the world today understand the examination and arrangement estimation of student performance data that originate from testing the psychological abilities of students. While there is wide variety crosswise over countries in testing - contrasting by topic, grade level, reason, and nature of testing - surveying, what students know instead of to what extent they have been in school has diffused the world over, to a limited extent at the incitement of worldwide advancement. To some degree, less known is that near cross-national testing has been continuing for quite a while. Countries took part in like manner global evaluations of arithmetic and science much sooner than they established national testing programs. These regular global evaluations give one of a kind information to comprehension both the significance of different elements deciding accomplishment and the effect of abilities on financial and social results. From a global perspective, education is so imperative. The emergence of a uniform pedagogical relevant curriculum is crucial and necessary. Schools have the responsibility of preparing students to be productive citizens through educating them and equipping them with the knowledge and skills to influence their communities. Global school correlations are an indispensable device in this procedure as they give a quantitative depiction of a scope of parts of training in various nations, in view of a little specimen of understudyShow MoreRelatedAccounting Information System Chapter 1137115 Words   |  549 PagesCHAPTER 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 1.1 The value of information is the difference between the benefits realized from using that information and the costs of producing it. Would you, or any organization, ever produce information if its expected costs exceeded its benefits? If so, provide some examples. If not, why not? 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Business Ethics Gap Inc. - 2329 Words

Business Ethics and Corporate Social Responsibility Case Study: GAP Inc. Business ethics can be described as the ethical dilemmas that arise within a business setting. GAP Inc., similar to most other multinational corporations (MNCs), has faced numerous ethical issues in the past. Since 1995, GAP’s image has been continuously tarnished through allegations of exploitive working conditions, cheap labour, and hostile environments overseas. One ethical issue surrounding GAP Inc. emerged from the â€Å"Made in U.S.A.† labels, resulting in the deception of American customers. This is an ethical issue because all of the clothing was made in Saipan. While Saipan is technically part of the U.S., it does not have to follow the same†¦show more content†¦The moral principle of providing deceptive labels would be universalized without contradiction. Therefore, it does not pass the universalization test and the act is not morally just. For the second ethical issue, GAP’s failed attempt to implement the â€Å"Code of Conduct† r esulted in discrimination, child labour, harassment, and low minimum wages, among other things. From a utilitarian perspective, it is important to see whether the negative consequences outweigh the positive consequences. In this case, the failure to enforce the â€Å"Code of Conduct† resulted not only in a hostile work environment for all the workers but also bad publicity for GAP. One of the drawbacks of using a utilitarian perspective is that one cannot quantify a single unit of utility. GAP’s positive consequences may be a little difficult to estimate, but it seems that in the long run the scrutiny GAP is faced with will become negative. As the workers have more to lose, their total negative consequences outweigh the positive. From a utilitarian diagnostic, this issue would be ethically unjust. From a deontological perspective, duties, commitments and obligations are stressed. 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Contemporary Accounting Theory Business Affairs

Question: Describe about the Contemporary Accounting Theory for Business Affairs. Answer: Introduction: International Financial Reporting Standards (IFRS) is an international language related to business affairs in order to improve the understanding and comparison of the organisation accounts across global boundaries. In this context, Crawford et al. (2012) cited that the accountants of the global organisations are required to maintain the books of accounts in compliance with this standard for presenting the same to both internal and external users. Therefore, the current report focuses on critical elaboration of the usefulness of IFRS for sustainability reporting. The latter segment of the study sheds light on the use of accounting standards in the chosen country of Australia for supporting sustainability reporting. Part A: Current and potential usefulness of IFRS for sustainability reporting: The major usefulness of IFRS in order to maintain the sustainability in reporting standard is briefly enumerated as follows: Academic Literature: Focus on the investors: The primary usefulness of IFRS is that it is highly accurate, timely and provides wide-ranging information of the financial statements of the organisation. Along with this, the investors are able to understand the information presented in the financial statements without the need of the sources, which provides the investors with greater information (Ozkan, Singer and You 2012). For instance, after the adoption of IFRS in 2005 by Woolworths Limited, the organisation has credited the amortisation value of goodwill back to the income statement while computing the net income (Investegate.co.uk 2016).However, Crawford and Power (2015) argued that the extraordinary income or loss could not be included in the financial reports of the organisation, which has been a major issue in recent times. The detailed presentation and harmonisation of the reporting standards under IFRS result in zero payment for the investors in terms of processing and adjustments to the financial statements. This is because the breakdown of the reports in accordance with the IFRS guidelines helps in better understanding for the investors. Hence, it saves the fees to be incurred to the analysts for understanding the financial statements. Thus, it would help in ensuring the sustainability reporting by minimising the cost of equity capital for the firms. As a result, it would increase the stock price along with potential opportunities of attracting new investments. Timeliness of loss recognition: The major characteristic of IFRS includes realising the immediate loss, which aims to benefit the investors, lenders and other associated stakeholders of the organisation (Apergis, Eleftheriou and Payne 2013). The transparency and loss realisation of IFRS raises the contracting efficacy between the organisations and their management. Thus, it would help in enhancing the corporate governance procedures of the organisations. In addition, this realisation of loss triggers the issues at the time the organisation encounters economic loss, which would be delivered to its key stakeholders. Furthermore, the company would be able to review the book values of asset and liabilities, equity and earnings (Barbu et al. 2014). Comparability: The junction to IFRS has resulted in improvement of the financial statement comparability of the companies operating in the European Union. This has been accomplished by adopting the identical reporting standard in a single market of EU (Barbu et al. 2014). However, Kajter and Nienhaus (2015) argued that the focus of IFRS is to recognise the ways, in which the companies make disclosures, measurements and realisation of items. After the adoption of IFRS, the organisations have adopted an approach, which have reduced the changes from the past national standards. Standardisation of financial reporting and accounting: With the help of IFRS, the organisations are able to standardise the process of financial reporting, which ultimately results in greater comparison of financial statements in the financial markets. In addition, the trade barriers are removed, which would help the organisations to win the trust and confidence of the equity investors (Atwood et al. 2012). Ensuring transparency in financial reporting: This attribute is also of the major benefits of transferring to IFRS, since the makes the member countries of the European Union consistent on the different aspects of the macroeconomic environment. In addition, IFRS also ensures the consistency of financial reporting to enhance the relationship between the organisations and the investors amongst the member countries. Greater reach to the global capital markets and investments: Since, many global organisations have adopted IFRS, it has increased the chances of the organisations to access to the other capital markets by preparing the financial report under one single reporting standard. The primary reason of adopting this accounting standard is to make a better comparison in the global capital markets in order to increase the focus on investors. In addition, the companies are liable to disclose its corporate governance policies in its annual report for promoting sustainability reporting in compliance with IFRS. Professional literature: Benefits of IFRS would start to flow in 2018: Ian Mackintosh: The financial information could be compared, if the IFRS adoption diversifies including more countries. However, the situation might be worsened, if two organisations from the same nation use different accounting standards to present their financial statements. In this context, Dey (2016)stated that the local market is adversely influenced because of the gap between book and market values, if IFRS is applied with the other national reporting standards. However, the usefulness of IFRS in terms of sustainability reporting is not significant in short-term, when it comes to comparability of the financial statements. This is because IFRS is yet to enter in few countries and the harmonisation of the standard has not been fully accomplished by the member countries. However, it has been found that IFRS has shown its usefulness in the medium-long term. Hence, for improving the comparability of the financial statements, the organisations need to follow the same set of rules by adoption of IFRS. The unconsolidated statements could be developed under IFRS irrespective of the firm size for ensuring the consistency of the financial statements. In addition, the social disclosures and environmental disclosures of the organisations are mandatory under IFRS for complying with the sustainability reporting. Hence, based on the above discussion, it could be inferred that IFRS helps in ensuring the transparency, consistency and comparability of the financial statements of the organisations for improving the decision-making process of the associated stakeholders. Part B: Current or potential use of accounting standards in Australia for supporting sustainability reporting: Academic Literature: Improved quality of financial reports: As per the research of the Australian Accounting Standards Board (AASB), the quality of the financial reports of most of the global organisations has increased after the mandatory adoption of IFRS. This is because the value relevance of accounting reports has been largely improved along with fall in the number of companies, which are involved in earnings management. In addition, IFRS adoption in Australia has further improved the quality of accounting through goodwill impairment regime (Baskerville and Rhys 2014). However, as argued by Kaaya (2015), the treatment of intangible assets under IFRS was inappropriate in contrast to the Australian GAAP. Comparability of financial reporting: With the help of IFRS adoption, most of the Australian firms have improved the comparability of the practices of reporting with their international peers. This is because the consolidation of the income statement has been clearly represented in the annual report for greater understanding of the investors. As a result, the investors could undertake their courses of action based on the market exposure of the firms indicated in the ASX (Franzen and Weienberger 2015). Improvement in the valuation of intangible assets: The most notable feature in the Australian firms after the adoption of IFRS is the reporting of intangible assets, which could be expected by the investor by utilising the information under AASB 147. Previously, the intangible assets that are purchased at cost are realised, while the in tangible assets generated internally are not realised. The intangibles that are re-valued previously in the past need to be written down to the historical cost. This is because a firm is not able to retain its revaluation in the absence of any secondary market (Houqe, Monem and Clarkson 2013). Thus, it has ensured sustainability reporting on the part of the organisations for delivering necessary information to its stakeholders. Integration of the non-financial users into business strategies: With the help of IFRS adoption, the Australian firms are able to provide a broader depiction of the business performance, which could not be provided through traditional financial reporting. This is because the Australian firms need to depict the utilisation and resource dependencies to its various stakeholders (Odia and Imagbe 2015). In addition, the relationship of the resources with the environmental, economic and social spheres and their probable impact is disclosed in the annual report of the firm. The above-mentioned information is crucial in order to provide a meaningful evaluation of the long-term business model and strategy. Moreover, the firm would also be able to fulfil the information needs of the government and its associated stakeholders (Perera and Chand 2015). Since, IFRS helps in promoting sustainability reporting, the Australian firms have been able to improve the apportionment of scarce resources. Minimisation in information cost: In the contemporary era, the Australian firms have wide pool of opportunities to engage in global trading activities and accumulate capital from cross-borders. Under Australian GAAP, the cross-border investors observe the presence of risk related to accounting in the financial statements. Therefore, after the adoption of IFRS, the regulators of capital market would be aware of a single accounting standard and the Australian organisations have increased efficiency in accumulating funds (Nulla 2014). As a result, it has contributed to minimising the processing cost of information to the Australian economy. Appropriate presentation of financial statements: Adoption of IFRS in Australia has provided clear and concise preparation of financial statements. This is supported by the standardised measures for realisation, measurements and financial transaction disclosures. Due to this, the complexity in computing the global taxable income of the Australian multinational firms is lowered, since the taxes are imposed on the overall incomes of the organisations (Mironiuc, Carp and Chersan 2015). However, the mother firm and its foreign subsidiary need to follow the identical accounting standard, IFRS for tax computation. Listing on the global stock exchange: After the adoption of IFRS, most of the Australian firms have been listed on the global stock exchange by preparing their financial statements in the globally accepted financial standard. As a result, it has helped in listing the stocks in the foreign stock exchange much easier and convenient (Prochzka 2016). Prior to IFRS adoption in Australia, the firms are facing difficulties to place their stocks in the cross-border stock exchange due to different accounting standard. Better comparison of financial statements: Before the adoption of IFRS in Australia, the investors often find it difficult to compare the financial statements, as the different transactions are treated in different ways. However, IFRS has helped the Australian firms to compare their financial statements across different industries functioning in different locations. In addition, the investors are also able to anticipate the future standing of the organisations and accordingly, make investment decisions. Adjustment to the accounting systems: In order to comply with IFRS, the organisations are required to incur transaction cost for adjusting their accounting systems. In addition, the Australian firms also need to update the methods of internal control and document the same. Furthermore, IFRS requires the Australian firms to present their financial reports for a prior year. The external consultants have been recruited to provide training to the staffs and familiarise the investors with the procedures of preparing the financial statements (Kajter and Nienhaus 2015). Relevance in the accounting procedures: The adoption of IFRS in Australia has ensured sustainability reporting by placing greater concentration on the economic constituent rather than the legal form. This has helped the organisations and their associated stakeholders to depict true value of the business transactions. In addition, the gains and losses depicted in the income statement of the Australian firms have placed the same in a trustful and reliable position in the eyes of the investors. The investors, before making any sort of investment decisions, lay emphasis on the corporate disclosures along with the fluctuations in the share prices of the stock market index (Crawford et al. 2014). The IFRS adoption has definitely helped the Australian firms to reduce their cost of equity capital by drawing adequate number of investments from the investors. Furthermore, the balance sheet statement after the IFRS adoption in Australia, has been highly modified because of its layout and the level of consistency. Thus, it depicts a fair representation of the asset and liability values of the organisations to help the investors and analysts in evaluating the financial performance of the business. Lastly, the managers of the big Australian firms could not manipulate the books of accounts for generating hidden reserves under the IFRS standard. Thus, the accounting standard is highly oriented towards the shareholders; thereby ensuring sustainability reporting procedures. Professional literature: IFRS where are the benefits?: As per the media reports and the comments of the members regarding complexity and growing disclosures, the benefits of adopting IFRS in Australia have been questioned. After the adoption of IFRS in 2005 by Australia, the accounting profession has encountered several challenges due to the complexity of IFRS rules and guidelines (Charteredaccountants.com.au 2016). The main objective of this paper is to review the big picture and the far-reaching aim of IFRS. With the rising competition in the global marketplace, global comparability is vital to ensure efficient apportionment of scarce resources. In order to achieve international comparability, the major countries need to adhere to a single accounting standard. It has been a global issue today for the investors to understand the complexity of the IFRS rules and regulations. Therefore, the government and standard setters of Australia need to address the complexities both at national and international levels. Dragging Australias financial reporting regime into the 21stcentury: The Australian reporting standard is yet to adopt the significant reporting mechanisms, which are vastly utilised in different global exchanges. In Australia, the information pertaining to financial statements are provided to the users in a complex and detailed format, which could not be understood easily (The Conversation 2015). These reports are given in the pdf format electronically; however, the major problem is that the reports could not be downloaded electronically. In addition, the statements are not easy to compare, which has hindered the prospects of the organisations to accumulate funds from the investors. Thus, the IFRS guidelines need to be implemented properly in the organisations for ensuring transparency and comparability in the financial statements. Why the numbers add up for direct cash flow statements: In Australia, the organisations report the information pertaining to direct cash inflows under Australian GAAP until 31st December 2004 under IFRS after 1st January 2005. This has made Australia a unique nation for determining the value relevance of the financial statements under different reporting standards (Clacher et al. 2016).. Therefore, data has been accumulated from 450 mining and industrial organisations of Australia, which are listed in ASX for the year 2000-2010. The different industries undertaken for the research include consumer goods, technology, telecommunications and healthcare. It has been found that the information generated from the cash flow statements has been captured by the stock prices of both extractive and industrial organisations under Australian GAAP and IFRS. However, the information is more for the industrial organisations under IFRS. For instance, every $1 of cash under Australian GAAP represents 94 cents of the share price. On the other hand, every S1 of net cash under IFRS represents $6.17 of the stock price. The investors, therefore, have placed higher emphasis on the direct information pertaining to cash inflow under the IFRS framework. In addition, the findings strongly support the compulsory introduction of the direct cash flow statements. Although, it might be argued that the cost issues and competitive disadvantage might be inherent under IFRS; however, the costs would be minimised along with ensuring competitive edge with thorough and detailed breakdown of items in the statement. With the help of IFRS, the organisations would be able to ensure sustainability reporting, which would provide the investors with a valuable insight on the financial performance of the organisation. In this context, the investors would determine the course of action to be undertaken for investment purpose after reviewing at the market exposure of the firms. Companies warned about changes to the way commercial leases are accounted for on balance sheets: According to IFRS 16 leases, the new changes would affect the organisations, which prepare accounts like listed organisations, bigger private investments and management investments. The new change will focus on eradicating the operating lease concept. Instead, all the leases will be categorised as financial leases (Keating 2016).Due to this, majority of the leases would be realised as liabilities in the balance sheet statement of the firm. The change will not be implemented before 1st January 2019. The potential ramifications could compel the small and medium-sized businesses in breach of loan covenants, since they could not lease their assets for renegotiation of loan agreements. This is because IFRS 16 leases could severely influence the calculations for gearing and interest coverage ratios. In addition, the nature of the expenditure realised in the income statement would change. This is because rent or leasing cost or rent could not be shown in the income statement. Instead, the expenditures could be shown as depreciation on the leased property or charge of interest on the liability of lease. Conclusion: Based on the above discussion, it could be inferred that IFRS has played a major role in improving the quality of financial disclosures and ensuring transparency in sustainability reporting of the global organisations. In addition, the investors are able to determine the market performance of the organisations by analysing their financial reports and stock market performance. 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