Approaches to the Figure of Divine Wisdom in the Book of...

Modem Feminist approaches [c. 1000 words] Discussing the contemporary sociological perspective of modern feminism to ‘divine’ wisdom should involve a brief overview of the theology’s focus. McGrath suggests that ‘Feminism is a global movement, arguing for gender equality and a right understanding of the relationship between women and men to be affirmed by contemporary theology and practice’ (McGrath, 2011: p.88). Thus, when discussing wisdom in the scriptures the feminists are observing how gender is represented and the effect of this representation upon helping or hindering a ‘right relationship’ between the genders. To recap, Proverbs illustrate Wisdom as both teacher and as a personified woman, whereas in John, Wisdom is incarnate†¦show more content†¦Rather it compels us to continue the struggle with conventional masculine language for God and the exclusivist authoritarian functions and implications of such language. Feminist theology must rearticulate the symbols, images, and names of Divine Sophia in the context of our own experiences and theological struggles in such a way that the ossified and absolutized masculine language about God and Christ is radically questioned and undermined and the Western cultural sex/gender system is radically deconstructed (Fiorenza, 1995: p.162). Therefore Fiorenza believes that the language signifying feminine impetus of God is a way of realising gender equality and thus a better understanding of the relationship between genders which has been oppressed too long by the over emphasis on masculinity. Fiorenza further explains that without the ‘loving attention and divine care’ as ‘embodied and made present in the figure of Divine Sophia’ the true meaning of the Father is diminished (Fiorenza, 1995: p.154) Another feminist theologian, Johnson, also suggests that reclaiming the feminine Wisdom could challenge the patriarchy embedded in classical Christology. Johnson realized as discussed above, that the early Christian’s use of personified Wisdom was a developmental step in the understandingShow MoreRelatedwisdom,humor and faith19596 Words   |  79 Pages WISDOM, HUMOR, AND FAITH: A HISTORICAL VIEW Walter G. Moss Table of Contents (with links) Walter G. Moss 1 Table of Contents (with links) 1 Wisdom, Perspective, and Values 2 Humor’s Contribution to Wisdom 4 Humor and Wisdom in Europe: Some Highlights 5 Renaissance Humor: Erasmus, Rabelais, Cervantes, Shakespeare 5 Two European Russians: Anton Chekhov and Vladimir Soloviev 9 Reflections on Humor from Nietzsche to the Theatre of the Absurd 12 Humor and Wisdom in the United States: Lincoln, BeecherRead MoreBranches of Philosophy8343 Words   |  34 Pagesreality, the ultimate origin of knowledge, the nature of the mind and its relation to the body, the implications of the new natural sciences for free will and God, and the emergence of a secular basis for moral and political philosophy. Canonical figures include Hobbes, Descartes, Locke, Spinoza, Leibniz, Berkeley, Rousseau, Hume, and Kant.[10] Chronologically, this era spans the 17th and 18th centuries, and is generally considered to end with Kants systematic attempt to reconcile Newtonian physicsRead MoreDeveloping Management Skills404131 Words   |  1617 PagesSuzanne Duda Lead Media Project Manager: Denise Vaughn Full-Service Project Management: Sharon Anderson/BookMasters, Inc. Composition: Integra Software Services Printer/Binder: Edwards Brothers Cover Printer: Coral Graphics Text Font: 10/12 Weidemann-Book Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Copyright  © 2011, 2007, 2005, 2002, 1998 Pearson Education, Inc., publishing as Prentice Hall, OneRead MoreProject Mgmt296381 Words   |  1186 Pagesincluding, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 WVR/WVR 0 9 8 7 ISBN 978-0-07-340334-2 MHID 0-07-340334-2 Editorial director: Stewart Mattson Publisher: Tim Vertovec Executive editor: Richard T. Hercher, Jr. Developmental editor: Gail Korosa AssociateRead MoreNegotiation and Culture: Case Study24152 Words   |  97 PagesBuddhism and Shinto. The central concepts of the Confucian ethic were summarized in the Three Cardinal Relationships: ruler guides subject, father guides son, and husband guides wife), five constant virtues (benevolence, righteousness, propriety, wisdom, and fidelity, and the doctrine of the mean (harmony). In this teaching, emphasis is on the obligation of the inferior to the superior. The assumption is that society needs a hierarchical order in which every individual has his or her own place, and

Gravimetric Analysis the Determination of Phosphorus in...

Gravimetric Analysis: The Determination of Phosphorus in Plant Food Gravimetric analysis is a quantitative (i.e. how much?) method of classical analysis. The element to be determined is isolated in a solid compound of known identity and definite composition. The mass of the element that was present in the original sample can be determined from the mass of this compound. Plant foods contain three essential nutrients that are not readily available from soils. These are soluble compounds of nitrogen, phosphorus, and potassium. A typical label on a plant food will have a set of numbers such as 15-30-15. These numbers mean that the plant food is guaranteed to contain at least 15% nitrogen, 30% phosphorus (expressed as P2O5) and†¦show more content†¦Record the sample mass in your notebook. Remember to record all digits on the balance. Closed toed shoes and goggles are REQUIRED for the lab 2. Add about 20 mL of distilled water and stir the mixture with a glass stirring rod to dissolve the sample. There may be a small amount of insoluble residue. If your sample does not dissolve completely, remove the insoluble material by filtration. 3. Add 25 mL of 10% MgSO4 . 7H2O solution to the filtrate. Then add approximately 75 mL of 2M NH3 slowly while stirring. A white precipitate of MgNH4PO4 . 6H2O will form. Allow the mixture to sit at room temperature for 15 minutes to complete the precipitation. 4. Prepare a vacuum filtration apparatus using a buchner funnel. Obtain one filter paper for each one of your samples, weigh them and record their mass in your notebook (label them with a pencil to be able to differentiate them later). 5. Wet the paper with distilled water to hold it in place in the funnel. Transfer all the solution and the precipitate from the beaker using a rubber policeman. Wash the precipitate with two or three 5-mL portions of distilled water. Do this by adding each portion to the beaker in which you did the precipitation to transfer any remaining precipitate; then pour over the solid in the funnel. Finally, pour two 10-mL portions of 75% isopropyl alcohol through the filter paper. 6. When all the liquid hasShow MoreRelatedGravimetric Determination of Phosphorus in Fertilizer Samples3100 Words   |  13 Pages Date Due: 18 January 2013 Date Submitted: 18 January 2013 Experiment No. 3: GRAVIMETRIC DETERMINATION OF PHOSPHORUS IN FERTILIZER SAMPLES I. Abstract The purpose of this experiment is to determinethe Phophorus content of fertilizer samples using Gravimetric Analysis. It involves dissolution of the fertilizer sample, precipitation and heating and cooling of the sample. Pooled standard deviations of the two data sets forRead MoreContamination of the Turag River19368 Words   |  78 Pagesincreasing. The water quality of Turag is deteriorating day by day. This is affecting the natural resources and is crucial for the survival for all living organisms including human, food production amp; economic development. Today there are many cities worldwide facing an acute shortage of water and nearly 40% of the world’s food supply is grown under irrigationamp; a wide variety of industrial process depends on water. The Dhaka water supply and sewage authority is entrusted with the supply of piped

Descriptive Essay About Nyc - 907 Words

The New York City Living in America is a fantasy for a lot of people, but living in New York City is something even better, and more magical than any fantasy. Although regarded as the `most populated city in the United States, the whole city has something interesting to offer everyone. It is sub divided into five boroughs , being Queens , The Bronx , Brooklyn , Manhattan , and Staten Island respectively .The landmarks in New York city are known all over the world . There is the famous Statue of Liberty, Brooklyn Bridge, Wall Street, the sky scrapers, and the World Trade Center, now called ground zero. One of Manhattan’s famous landmarks is Times Square. Different kinds of lights illuminate the area, where people are†¦show more content†¦You can buy anything at anytime during the day or night because the shops never close. Walking down the Manhattan streets, it’s almost customary to smell the smoke of exhaust from thousands of cars. The smoke coming from Subway stations underneath the roads can get to your nostrils quicker than it can be seen. It almost makes you feel like if you are a big giant walking along houses under your feet that have smoke coming out of their chimneys. At the same time the smell of hotdogs stands, salted pretzel stands make you aware of their presence as your smell sensors go crazy, and start telling your brain to get some. You can try your best but the smell from Italian pizzerias will sure pull you in for a slice or two even if you are not a pizza lover. Then you have the fresh smell of different fruits coming from the fruit stands on the streets, reminding you that New York City even has choices for everyone even for healthy conscious ones. I lived and liked Brooklyn borough of New York City because it has so many Pakistani people, that it’s called â€Å"Little Pakistan.† There you will find tasty Indo-Pakistani food. Your taste buds will thank you for the spicy aroma, and tenderness of chicken or beef kabobs perfectly done on clay oven called â€Å"tandoor†. Chicken curry, beef curry with freshly clay oven baked Naans, Bryani, or tandoori chicken will give you the perfect combinationShow MoreRelatedEmpathy Vs. Compassion Essay1293 Words   |  6 PagesLazear Ascher’s essay â€Å"On Compassion† not only creatively offers a very detailed description of the day in the life in New York City, but effectively draws a picture of a community’s response to the homeless while at the same time questioning the very motives that propel certain acts of charity. Before deciphering what motivates people to help one another, it is vital for one to understand the significant differences between empathy and compassion so that one may draw inferences about their relationshipRead MoreThe Speech Community.Pdf11808 Words   |  48 Pagesdefinitions. Many influential ones were advanced early in the field’s development – formulated in the 1960s and refined in the 1970s – perhaps as signposts staking out territories their proponents wished to pursue. Based on a few early studies (e.g. Labov in NYC, Gumperz in India), they reflect concerns of each researcher – multilingualism for Gumperz, linguistic evaluation and style-shifting for Labov, ways of speaking and communicative competence for Hymes – to the relative exclusion of other emphases. As

Obamacare Assessment Of Obama Care Essay - 1116 Words

Written Lesson: Helen Assessment of Obama care The proponents of â€Å"Obamacare† hailed the reforms as a â€Å"landmark† legislation in the landscape of health care industry. They asserted that it to be a comprehensive reform aimed towards revising the painfully expensive health care costs, providing affordable medical services, covering millions of people under insurance cover and help fight against unfair practices in the industry. Meanwhile, the opponents have expressed their concerns over the reforms being â€Å"unconstitutional† in nature and leading to heavy expenditures leading to an increase in deficit, decrease in quality of healthcare and rise in associated costs. The opposition to the same is evident from the fact that the house of representatives voted several times to repeal or replace the reform. This thesis examines the Obamacare health care reform policy from a non-partisan view, which will observe whether it stands up to its promise of ensuring health security for the millions of people in t he country wherein the health care industry spends more and delivers less. The Affordable Care Act (ACA) is arguably the most important legislation to have ever been introduced for the masses since the implementation of Medicare and Medicaid act of 1965. It was specially designed to address the issues of accessibility, affordability and ensure best quality services in the health care sector (Barack Obama, . The primary problem in the shaping of this comprehensive health care reform wasShow MoreRelatedThe Affordable Care Act Of 20101605 Words   |  7 Pages The Affordable Care Act of 2010 Clautilde Dixon Purdue University Northwest â€Æ' The Affordable Care Act of 2010 Generally, healthcare policy is a term that defines the layout, procedures, plans or actions that are utilized to acquire health care goals in communities or societies. There are different forms of healthcare policies, such as H.R. 3962, the ACA (Affordable Care Act). The official name of this policy is ObamaCare and President Barack Obama signed the act into law in 2010. This policyRead MoreKey Components of Affordable Care Act844 Words   |  4 PagesAffordable Care Act HCS/455 Key Components of Affordable Care Act The Affordable Care Act (ACA) came into federal law in March 2010 and was drafted by the Obama Administration. ACA is often referred to as â€Å"Obamacare† and one of the major objectives of the Affordable Care Act is to provide Americans with health care insurance. There are many types of individuals that will be seeking coverage through Obamacare. There are many types of benefits and drawbacks to any new health care policyRead MoreIs It Affordable Care Act? Essay1486 Words   |  6 Pagescomplete the applications. Obamacare also adopt this system to make it more accessible and affordable to everyone. The online system eliminates or reduce the assessment and underwriting process which usually proceed before the contract, so that insurance companies are able to provide insurance less expensive and much easier to people especially for young people compare to the traditional style of insurance. It also reduced a large amount of paper works associated with assessment or contrac tion processRead MoreObamacare Essay1644 Words   |  7 Pageshealth care, but none have achieved the feat. That is, until President Obama was sworn into office in January 2009. In his 2008 presidential campaign, he made healthcare reform a central issue. Both parties adopted their version of reform, but since Democrats held a majority in the House and the Senate at the time, their version was the one that passed. On March 23rd, 2010, President Obama signed into law the Patient Protection and Affordable Care Act (dubbed by many Republicans as â€Å"ObamaCare†). AccordingRead MoreHealth Care Services Are Unaffordable For Most People1354 Words   |  6 Pages As we all know that health system quality assessment depend on three major cornerstones cost, quality and access. These three aspects are not separated and they all depend on each other. An interactive relationship exists among the health care cost, people ability to get health care facility when they need it and the qua lity of the delivered services. The United States is the only developed country that does not cover its citizen’s health coverage. In 2010, it is estimated that 50 million peopleRead MoreBarack Obama s Last Term Of Presidency956 Words   |  4 PagesBarack Obama has shown The American people that if you want to change you had to violate the Constitution. During Barack Obama s last term of presidency in 2015 Obama has violated the constitution ten times. His first violation was the Obama care bailout. The idea of getting the state of Massachusetts care was a great idea but the way Obama did it was not. In the national review article, it was stated, to a bill out of Massachusetts s malfunction healthcare exchange President Obama and governmentRead MoreThe Health Security Act : Political Strategy3381 Words   |  14 Pagesthe adoption of managed completion. In this period Clinton tried to include high cost benefits to get the support from older American population which included a prescription drug benefit to be added to Medicare, a new program of home based long term care for elderly and disabled, and generous health insurance subsidies for early retirement. The third one was never complete and it necessarily required a turn in right. It was not possible to pass the bill without the support of Democrats and republicansRead MoreMidterm Essay : Donald John Trump Essay1133 Words   |  5 PagesMoneer Imperial Presidents Midterm Essay Donald John Trump. Hillary Diane Rodham Clinton. Two very distinct, ideologically diverse individuals. Both in the running to become the next President of the United States. The current president, Barack Obama, has served as a dramatic foil to his own predecessor George W Bush. But if elected, how will Clinton or Trump run the office? Political scientist Stephen Skowronek assesses the history and actions of the presidency in his book The Politics PresidentsRead MoreAffordable Care Act, Cultural Assessment Of The Hispanic Group998 Words   |  4 PagesAffordable Care Act also know as the Affordable Care Act and usually referred to as the Obamacare affordable care act works and the functionality of it. The Affordable Care Act has insured over 20 million people, which was signed back in law in 2010 and signed by the 44th President Barack Obama. This paper will discuss various aspect of the Affordable Care Act, cultural assessment of the Hispanic group, and chapter six case study. Affordable Care Act The Affordable Care Act is a health care system thatRead MorePol 201 Week 2 Complete Assignment1955 Words   |  8 PagesEvaluate them from two perspectives: a. The policies’ effectiveness in improving the quality of U.S. elementary and secondary education. (Justify your assessment by clearly explaining your definition of â€Å"effectiveness† and how it should be measured or determined.) b. Their consistency with the constitutional framework of federalism. (Justify your assessment by clearly explaining your interpretation of American federalism’s constitutional framework and why federal education policies are or are not consistent

Measuring Quality Health Care Free Essays

{draw:g} {draw:g} {draw:g} Why is a patient the most important thing when it comes to healthcare? Without a patient, there would be no healthcare. What do patients look for when it comes to getting care they need? I feel that cost is one thing, but the most important thing a patient wants is quality care. A positive patient outcome is one of the measures of quality health care. We will write a custom essay sample on Measuring Quality Health Care or any similar topic only for you Order Now Additionally, health care workers have many roles when determining quality care. The main factor to a positive patient outcome is providing the patient with the best care that can be given. This includes what ever it takes medically to keep this person healthy. Many people are denied certain medical procedures due to the insurance company not providing the payment. Therefore, the billing clerk should try and see if there is a charity that is available or set up a payment plan. This is another approach that I feel is necessary in providing a positive patient outcome and quality care, watch for medical errors. Why? According to Stevens, there are over 50,000 people that die every year in a hospital or healthcare institution due to a medical error. Training employees and having an administrator over parts of the facility would help improve on errors. Training is the key to the problem. If an employee gets adequate training, then there is less of a chance for a mistake. Roles that health care workers have when determining quality care vary. The main role is assessing the patient, diagnose, monitor, observe treatments, and respond to changes. Other roles that are played if the patient is at home are making sure the patient is in a safe environment, communication with all parties involved, making sure the patient is eating and drinking well, keeping an eye out for changes, and make sure the patient is using proper hygiene. Measuring quality care is important for the patient as well as the facility. Without the patient, there is no facility. Keeping a patient happy, comfortable and healthy is important. There are many different roles provided by health care workers that are involved in a patient’s care, depending on the care the patient needs. The main thing is a positive patient outcome. What makes something positive? A positive health care worker makes a big influence on a positive outcome. References: Stevens, A. (2008) http://blog. sunbeltstaffing. com/medical-ethics/what-role-do-healthcare-worker How to cite Measuring Quality Health Care, Papers

Bleach Essay Research Paper Good Old BleachAs free essay sample

Bleach Essay, Research Paper Good Old Bleach As a adolescent, you likely tie in bleach with cleansing and jobs. These yearss, bleach seems to be popular in a assortment of ways. If you look around in the halls of Jarvis, you # 8217 ; re edge to happen several pupils who have bleached their hair. Bleaching hair is common and comparatively harmless. But there is another topographic point some people use bleach: on the face. In our modern society, it seems that a big figure of Blacks and people from other cultural groups are utilizing decoloring picks to buoy up their skin color. Some use these picks chiefly to decolor unwanted dark hair on their face, but others use it to alter their tegument tone. s non exclude high school pupils. Ten misss at Jarvis that I talked to, runing from ages fifteen to seventeen, said they use decoloring picks. One would likely inquire why? The reply is because of self-image. We will write a custom essay sample on Bleach Essay Research Paper Good Old BleachAs or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Why do immature misss starve themselves to lose weight? It has been shown that they are seeking to suit into the ideal image that this society portrays. Similarly, skin bleaching is a response to social force per unit areas and media portraiture of theoretical accounts. A popular decorative merchandise that is frequently used to buoy up the tegument is hydroquinone. It is a white or colorless crystalline compound. After rinsing the face, the pick is applied with fingertips, rubbing the pick into the face and cervix. These picks appear the same as an ordinary pick, except that they contain harmful chemicals. Bleaching picks incorporating hydroquinone provide a lighter skin color over clip, and are found to be comparatively safe with ordinary usage ; that is, if it # 8217 ; s used in a really low concentration. That # 8217 ; s why, these types of picks are being sold in shops across Canada at a limited concentration of 2 % bleach. Concentration degrees between 2 % to 4 % are found to be safe. With this ordinance in head, those whouse decoloring picks have a certain grade of protection. However, throughout history it has been shown many times that when worlds interfere with nature, they tend to acquire in problem. Although it appears to be really progressive to hold the ability to alter the tegument coloring material with which we were born, there are many negative affects due to de-pigmenting agents such as hyproquinone. These merchandises don # 8217 ; t literally bleach the melanin in the tegument ; they simply disrupt its production, which in bend leads to the gradual loss of skin pigments. Therefore, no new melanin is formed and bing mel anin is destroyed. In add-on, because of the chemical agents contained in decoloring picks, the top bed of the tegument, known as the cuticle, is destroyed as good. With thetop bed gone, the corium is exposed. Without its protective bed the corium is exposed to the external environment. It can non counterbalance for the absence of the top bed, nor can it manage day-to-day clime conditions. Finally, since the protective bed is gone, harmful beings such as bacteriums can come in the organic structure through the tegument. Therefore, there is a higher hazard of annoyances and perchance skin malignant neoplastic disease. The # 8217 ; safe # 8217 ; 2 % concentration rate does non hold the capacity to really buoy up the tegument efficaciously. # 8220 ; I have to utilize more than my fingertip to acquire consequences, # 8221 ; says a junior Jarvis pupil. So far it works for her, but she and other users are misinformed, because there is another job: the lightening consequences are non lasting. Merely like deceasing hair, the coloring material finally fades when new hair grows. The pick does non alter the tegument pigment genetically. When the intervention stops, the organic structure tries to do up the tegument pigment it has lost. Therefore, shortly after discontinued usage, they would hold more melanin in their tegument pigment than earlier. When a individual stops utilizing the bleaching pick that was used daily, he or she will hold a darker tegument tone than before utilizing the pick at all. Not merely do these picks non give lasting consequences, they besides caus emany serious wellness jobs such as giddiness and sickness. Many people, nevertheless, are incognizant of these jobs. Several pupils, when asked, assumed the bleaching merchandises were for the hair instead than the face. When informed of the face-bleaching jobs the pupils were surprised to larn such a thing existed. Nature gave us skin colors to accommodate our environment. In countries with a colder clime, people tend to hold less melanin in their tegument than those who live in heater climes. Although scientific discipline has opened many doors in life, it has besides created assorted complex jobs in our society. Peoples are bombarded with ads that show how the ideal individual should look. Not merely do adolescent theoretical accounts appear highly thin but besides those with darker tones literally do non be in magazines. Furthermore, even in magazines targeted at black people such as Essence and Ebony, the ideal black individual is portrayed with just tegument. It is genuinely dry what people are willing to make in order to suit into this image of the # 8220 ; ideal individual # 8221 ; .

Do the Current Accounting Standards Live Up to Their Objectives

Question: Do the current accounting standards live up to their objectives? Critically discuss. Answer: Executive Summary This report covers the most crucial aspect of the introduction of the current accounting standard i.e. whether the same has been able to deliver what it promised. The main purpose of implementing such a detailed accounting standard theory was simply to give a more comprehendible overview to the end users and the investors. Also the financial crisis that took in the year 2008 , the effects of which are still being felt by the economies world wide has led to the introduction of a more stringent accounting standard. Some of the important standards that have undergone a change are standards on leases, consolidation of financial statements and accounting for financial instruments. The new accounting standard although has delivered what it supposed to yet there are some complexities attached to it which needs to be addresses. The most important is adequate training to the people, cost factors and the implementation in a more phased manner. The report below clearly describes the various obj ectives that some of the important standards have been able to meet and some glitches attached to it though not to influential so as to defeat the entire objective of the said standards. Introduction The current accounting standards which is recognized and followed worldwide is the International Financial Reporting System IFRS. This standard enables comparison of the business activities across the globe via a common global financial language which puts all entities with similar business lines on the same platform. The main objective for the introduction of the same was especially for the listed entities so that there reporting of the financials is easily comparable across all the jurisdictions of the various countries. The said reporting language was introduced and made mandatory for the larger entities because they had dealings across the globe. It was first introduced in the European Union but the concept of harmonization which the standards offered soon forced the other countries also to adopt the same. The current accounting standards thus enable easy comparison and better dependability on the financial statements published by the various entities for the end users. However e ven though the current accounting standards have been able to live up to the objectives yet there are some hurdles and blockages which still need to be taken care of (Galuszka, 2008). Ifrs 16 Lease Accoutning Some of the standards spelt out in the current accounting standards live up to the objectives but not fully. It has some glitches which should be addressed to on time before the same fails. Lease accounting has always been the most debatable one of all. The current accounting standard IFRS 16 on lease accounting replaces IAS 17. IFRS 16 is an improved version of the lease accounting that is adopted. The said standards is mandatorily to be applied from the year 2019, however if companies decide to apply the same before that then they are to compulsorily also apply IFRS 15 i.e. revenue from contracts with customers also. The lease accounting has undergone substantial changes such as it has spelt out directions regarding reporting the leases in the balance sheet and the measurement criteria for leases. The main objective for the introduction of this accounting standard was to ensure that the users of the financial statements are not mislead anymore. An estimation of US$1.25 trillion of off balance sheet leases was made by the SEC in the year 2005 which raised concerns regarding transparency about lease transactions within the entities (Deloitte, 2016). Therefore a revolutionary change was introduced in the accounting for leases which ensured that the assets and the liabilities arising from the leases should be recognized clearly in the balance sheet irrespective of the type of lease transaction. The unavailability of the information about the lease transact-tions in the balance sheets of the companies befitted the concept of true and fair view as it was difficult for the users and the investors to compare two companies one who purchase assets based on borrowed funds and the other who acquire assets on lease but do not make any adjustments in the balance sheet (Ifrs.org, 2016). Thus the objective of the said standard was to get operating lease and finance lease on an equal platform. As per the said standard a leased asset is capitalized by taking out the NPV of the lease payments to be made in future. The NPV is shown as a leased asset or made a part of the property plant and equipment category in the balance sheet. Further the leas e payments that is to be made is shown as a financial liability of the concern. This will have a material effect on the leverage ratios of the companies who are mainly using leased assets. However there has been one exception to this standard. The short term leases and the leases which are of a lower value are exempted from this standard. This is due to the insignificant impact that the same would have on the users decision making tools. Thus companies who are basically working upon the model of off balance sheet funding will be effected the most (Ey.com, 2016). The main objective of the implementation of the said standard is to help the decision makers to take a more informed decision. The cost of borrowing or the liability of the concern will not change, it is the transparency which will have a positive impact on the decisions. The most sought after benefit for the entities is that the said standard will not deter the companies from leasing assets. The main reason for the introduction of the current accounting standards is that the accounting statements represent a true and fair view for the users and the investors. The application of this standard enables to provide a clearer picture about the various assets and the liabilities that the company owns and owes and also the leverage ratios and the data regards the capital employed are more transparent (Kpmg.com, 2016). The IFRS 16 thus has been able to live up to its objectives quite well addressing the most important concept of transparency however the shareholders and the investors are to be made to understood the benefits. Initial implementation costs are high as it needs proper training to the accounting staff, implementation of a new system, understanding the tax implications and preparing two types of statements initially so as to make the readers understand the changes and react in a positive manner. How has Ifrs 15 Helped in Meeting Curent Accounting Standard Objective Another very important accounting standard that is to be read with that of lease accounting is IFRS 15 ,revenue from contracts with customers. As stated above the application of the said standard becomes a mandate with immediate effect with leases are accounted for as per the IFRS 16 before 2019. Revenue recognition is one of the most significant requirements of any entity as this information will help the users to analyse the performance of the company and how much revenue is being generated from the assets deployed (Ifrs.org, 2014,). Limitation in the guidance spelt out with regards the recognition of the revenue made the introduction of the said standard. The said standard promises to deliver a better comparable data of the revenues generated by the entities from its customers. It also reduces the applicability of the various directives in addressing revenue recognition issues on a case to case basis and also improves the disclosure patterns thus providing information that is more useful and relevant. The said standard pronounces the fact that revenue should be recognized once the transfer of the goods and services has taken place to the requisite customer. The timing for the recognition was very unclear in the previous spelt out standards which has become clear in the current accounting standard (Pwc.com, 2014). Also one of the most significant issue that the standard addresses is that of accounting for variable consideration. It immediately estimates the value by expected to be received and then the same is made a part of the transactions price. The significance of the financing components in case of existence of a gap between the payment and the delivery of the good by the company mainly in case of contracting arrangements is accounted for in IFRS 15. Lastly the disclosure requirements are also very transparent in this standard. The revenue of the company can easily be correlated with the financial position stated as the standard requires disclosure of bo th qualitative as well as quantitative data (www2.deloitte.com, 2015). Thus IFRS 15 has very nicely been able to phase out the various kinds of contracts and how the revenue for the same should be recognized. Also the disclosure requirements are varied enough to help the investors understand the revenue in contract to the isolation that was prevalent in the earlier standards for revenue recognition (iasplus.com, 2016). Accoutning for Financial Instruments The next accounting standard that would help to analyse the fact as to how much has the current accounting standard helped to live up to the objectives is accounting standard on financial instrument i.e. IFRS 09. The entities implementing the said standard have made it very clear that implementation of the said standard fully in a strategic manner will take a ot of time as its application will impact the data, system and the various key performance indicators of the company. The banking sector is the one which will suffer a hit as the said standard is completely different with the one that used to exist, IAS 39 and the said standard is basically applicable in this sector mainly. Although the fact that all companies across the globe will have an impact with this standard cannot be ignored as well (ey.com, 2015). Appropriate classification and measurement of financial instruments is the crux of any financial instrument and to ensure that the same is done in an apt way, the said standard was introduced. The measurement criteria is different as per the said IFRS. The financial instruments are either measured at amortization cost or fair value method via the profit and loss account or the comprehensive income account. The said standard also removed the cap with regards the cost exemption for the unlisted equity and the related derivatives where the fair value could not be determined accurately. Thus now the same is adequately measured and recognized at fair value (Vials 2012). The said standard provides transparency to such a level that it also measures the credit risk involved with various financial instruments and whether the same will lead to any default since recognition of the same in the financials of a company. If so the same is required to be disclosed adequately for the investors to get an overview of the various investments made by the company and how much sound are they. Financial Instruments are wary towards periodical impairments. The said standard enables to provide a wider scope of application of the same. The old model of expected losses in case of impairment is applied by this standard too however the difference in the model used for calculation for the amortised cost assets and the assets available for sale category (Tcs.com, 2014). IFRS 9 does not make the application of hedge fund accounting mandatory. However the standard clearly states that hedge accounting enables the entities to show the activities that it is undertaking so as to mitigate the various risks involved with respect to certain financial instruments. It correlates the gain or losses incurred due to hedging with regards the risk exposures that they are exposed to due to hedging (Silvia 2014). Thus this provides a very clear picture to the investors about the risk taking appetite of the entity. Finally what is important is the extent of disclosure requirements that a standard offers. From a laymans perspective the disclosures play a very vital role. The new accounting standard introduces various more areas of disclosures such as impairments, hedging and a more adequate and clearer classification and measurement methodology within the acceptable norms (Casplus.com, 2016). It ensures to portray a more realistic view of the financial instruments that the organization has invested into. How the various instruments are effecting the cash flows of an entity is what ultimately all the users look at. The investors are concerned about the soundness of the investment and this can be understood only via detailed disclosure requirements. However IFRS 9 is the most complex of all yet the objectives that it defines to meet is broad enough for meeting the expectations of the users of the financial statements. Though it requires adequate cost for implementation yet the benefit derived over shadows the cost involved drastically (Deloitte, 2014). Consolidation Ifrs 10 and Disclosures Ifrs 12 Another very important current accounting standard which is a good example to determine whether the current accounting standard live up to its objective is IFRS 10 and IFRS 12, Consolidated financial statements and Disclosure of interest in other entities respectively. The first one lays downs the various principles to be followed for the preparation and the presentation of consolidated financial statements while the latter spells out the various details to be disclosed by the reporting entity regarding its interest in the subsidiary, associate, joint ventures and other unconsolidated structured entities. IFRS 10 provides consistency in application of the consolidation procedure which is very important for comparing similar entities. While the other standard provides a more deep detailing of the controlling interest of the reporting entity. This was demanded by the users basically to enable them to be able to take a more informed decision before inve-sting. The importance of this sta ndard got recognition more after the world economic crisis in the year 2008 (Ifrs.org, 2011). IFRS 10 talks about control in any manner and provides a single accounting solution for all. The most important objective that these two standards serve is disclosure requirements. Clarity is attained with regards the disclosure of consolidated as well as consolidated entities. The most significant concept about IFRS 10 is that it does not introduce any new method of consolidation, instead improvises on the existing one only by adding some more guiding principles. Such as the financial reporting standard has a section defining the guidelines about the potential voting rights of an entity over companies that they control. It states that if the controlling interest is substantive enough to affect the entities financial statements then the potential voting rights hold importance. It has a wider outlook in analysing the controlling interest of an entity over the other entity (Higgins 2016). The main purpose that this standard serves is proper consolidation rather than the extent of consolidation. Another very important part that this standard clarifies is the meaning of control and what type of control calls for a consolidation. It is very similar to IAS 27 with only one difference that is of adopting a single method of consolidation. The consolidation standard addresses some issues clearly such as consolidation guidance in case there is a chance of control without having majority voting rights. This is a development to the previous accounting standard which was unclear with regards this situation. Further assessing of control with regards relation with various agents was also a matter of concern and vague in nature. The said confusion was curtained off by IFRS 10 which states clear guidance with regards the agent and principle relation and the situations which would help to determine the same. These two accounting standards have enabled and lived up to the objectives that it supposes to deliver. Although nothing comes without cost but the benefit of detailed and deep rooted disclosures, a proper assessment of controlling rights and interests and various transitional provisions is way above all. The confidence that the investors derive from such a clarity is beyond doubt. The disclosure requirements that IFRS 12 demands is more informed and organized. It detailing is such that valuations and equity analysis is easily comprehendible (Spector 2011). All the users are not well conversant as to how to interpret a financial statement but if the same is prepared with regards set principles and guidelines then the same can be of use to any investor. It is seen a general practice that the reporting entities involvement in other entities is not disclosed if the same is not a part of the consolidated structured entity. This is what the said standard clarifies that if there is a finan cial implication and interest then disclosure is a must (Briginshaw 2008). Further would like to highlight on the fact that the adoption of the current accounting standard has enabled to meet the expectations of the investors and the end users. It not only is beneficial for the outsiders but also for the various organizations, It helps in inculcating discipline amongst the entities also. The current accounting standards main purpose was to clarify the hiccups which the preparers as well the users had with regards presentation of information in a more informed manner. The global financial crisis 2008 was an eye opener for all. The inaccurate and incomplete disclosures and accounting by the entities led to uninformed investments, thus leading towards losses and increasing mis trust. It also affects the economical conditions world wide. The new standards are complex in nature but not all. Some enable more clarity such as IFRS 16 on leases which eradicates the entire concept of off balance sheet funding and does not classify leases into operating and finance an ymore. Though this has a negative effect on the entities but the users are benefited as now they do not have to re-consider these off balance sheet terms while taking investment decisions. The next was standard regarding revenue recognition which is of utmost importance. The standard clarifies the timing of recognition of the revenue which is the most crucial part while preparing the financials of an entity. This has a major implication over the profit and loss of the organization and its profitability ratios as well. Lastly the standard regards consolidation and disclosure is equally important. This standard enables better consistency and uniformity which was missing in the previous standards (Tokar 2015). Conclusion Thus it can be said that although he applicability of the said standards is limited to entities with a larger net worth and capital and those who are listed in the stock exchanges yet these are the ones which actually have a significant impact on the various economies. The cost involved is high but the same is not as much as the benefit that it provides. The application though requires education and training and better clarity but the same can be achieved through phased out implementation of it. The objective of providing a clearer and a more discrete picture of the financial position of the organizations is well met via the implementation of the current accounting standards though with some glitches which are too small to effect the advantages it offers. 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