Women s Role On The Home, And Would This Create A Domino...

Latina women have come from a long line of women that know their place and the values that she should uphold. Marriage is one of the biggest stepping stones in a women’s life, she finally gets to up bring and have her own family unit. She follows and stands next to her husband all the time. She is no longer intentionally part of the family unit that she once was. In this research my main questions regarding the way Latina women have overcome and dealt with the problems faced on a daily bases in regards to Gender Violence in Latino Communities. To what extent do Latina women follow the societal expectations or roles a woman should have? What are the barriers that undocumented woman face when looking for resources, Is there stigma ties to undocumented women, or Latina women? Are societal expectations still a key role on women in these communities in regards to how to deal with domestic violence in the home, and would this create a domino effect? The research question this research is aimed at to really to affirm to reaffirm, what has already been stated in previous scholarly articles, but as well to bring a geographical area of study that would bring up different data as well as stories that come along with investigating gender violence in Latino communities. When do these woman say enough is enough and being to look for help in the community? Are there even proper resources that provided the necessary help? Many women do not look for the help or resources that the communityShow MoreRelatedWomen in the Odyssey1646 Words   |  7 PagesWomen form an important part of each society, however their role and importance to its function are often times overlooked. Society is/was organized and directed by men. All of the most important positions and purposes within it`s routine were filled by males. This societal organization is often times reflected in many pieces of literature of various time periods, however there are texts in wh ich contrary to the patriarchal society models, women are given substantial importance within the plot. Homer`sRead MoreAudience And Purpose Goes Here1302 Words   |  6 Pagesin the workplace along with movement towards diminishing the pay gap between males and females, females are still to this day very sparse within scientific communities and are especially underrepresented in the field of physics. The great underrepresentation in such a vastly growing field creates a domino effect that further prevents women from wanting to join such a field. Fix this paragraph Physics has always been a dominantly male subject. When asked about famous scientists, Marie Curie is tooRead MoreSubstances Include Those Like Stressful Life Events Such1690 Words   |  7 PagesEating Disorders During adolescence, we see eating disorders develop in young men and women. Stress, genetics, and family and peer dynamics seem to contribute to the development of eating disorders (Rogers, 2016). MRIs are being used to examine differences in the impulse control areas of the brain in adolescents with eating disorders, in addition to, examining the hereditary nature of eating disorders and the role hormones play in the development of symptoms (Rogers, 2016). When people mention eatingRead MoreConsumer Perspective About Quality Service Provided by Pizza Hut and Dominos21258 Words   |  86 Pages1.1 AN introduction overview TO THE BROAD AREA OF TOPIC This research is based on comparison of Quality service offered by pizza hut and dominos. This research is based on to test the quality of service and comparison between two Pizza Houses. The fast food industries of India is experiencing phenomenal growth and is one of the fastest growing sectors in the country, with the compounded annual growth rates of the market crossing 25%. Further, on the back of changing and busy lifestyle, fast emergingRead MoreBreastfeeding Persuasive Speech1606 Words   |  7 PagesKids are important to life and its existence, it is a natural thing. Our world must face all the moral that comes with it. This involve mothers to feed their babies through breastfeeding at any given time and at any place. The moment woman has a baby, she is faced with many decisions. One of the significant decision is whether to breastfeed her child. Almost everyone will suggest that breastfeeding has many benefits. These benefits are for the breastfeeding mothers, the babie s, and for the economyRead MoreCombating Violence Against Women By Alice Walker1533 Words   |  7 PagesViolence Against Women The Color Purple, written by Alice Walker, is a story written about the struggles of a colored woman in the 1930’s. The central character, Celie, experienced more abuse in her life than love and struggled to understand the world around her. In the novel the author is able to captivate her audience and through a series of letters written to GOD, create a relationship between Celie and her readers. Reading the novel you immediately began to sympathize with this young girl (Celie)Read MoreWe Can Not Deny Society s Progression Of Social Equality Essay1187 Words   |  5 PagesWe cannot deny society’s progression of social equality, however, it is imperative that we not only understand the inequalities that are presently riddled in our social framework, but also understand how inequalities effect people at both micro and macro levels and how they intersect. Acquiring some base knowledge of institutionalized inequalities is fundamental to any attempts in rectifying (or easi ng) social injustices. Using Patricia Hill Collins’ Intersectionality theory, along with Omi and Winants’Read MoreThe Fight For The Equality Of Women2457 Words   |  10 PagesWhile the fight for the equality of women in Canadian society is one that still persists, had it not been for the early 20th century, women would not have the fundamental rights that they do today. Before the outbreak of WW1, Canadian women faced a number of unfortunate realities. Not only were their gender roles strictly bound to domestic services and household work, women were also viewed as men’s property that could not defy the ideas of their husbands, and were denied the right to make politicalRead MoreEssay about Social Stratification 1554 Words   |  7 Pages1996: page 37.) Some of the ways in which socio-economic status can be seen throughout society is through housing, education, youth and health. In Australia, families and individuals place great value on home ownership, and the area in which they live. â€Å"Housing in our society serves a dual role; it assists in meeting physical needs and it provides a mean for symbolising social position.† (Aspin, Lois J., 1996: page 86). Housing, is a valued resource and various social groups have different accessRead MoreRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 Pagesthere’s little about today’s environment that looks like the mid-1990s. The global economy has changed, consumer demand has shifted, and retailers’ operating systems today are infused with far more technology than was the case six years ago. Saturated home markets, fierce competition and restrictive legislation have relentlessly pushed major food retailers into the globalization mode. Since the mid-1990s, numerous governments have opened up their economies as well, to the free markets and foreign investment

Role of Financial Institutions in the Global Economy Free Essays

Globalization has sparked a revolution in information and communication technology, resulting in the emergence of an era that boasts the arrival of new levels of global interconnectedness. As a result, globalization has also increased the significance of the many different roles that financial institutions play in the overall global economy. Financial institutions can play several roles, ranging from operating as a simple method of savings, to functioning as an important revitalization source in a low-income community. We will write a custom essay sample on Role of Financial Institutions in the Global Economy or any similar topic only for you Order Now This paper will explain the general role of financial institutions in the global economy, will touch on more significant individual roles, and discuss the overall role of international financial institutions. Research indicates that a financial institutions’ role as an intermediary is clearest in the credit and deposit business (Krayer, 2002). The usual function involves clients bringing to the bank their savings, or money which the bank transfers to its credit clients in the form of loans. In the loan instance, a borrower’s credit rating may change during the life of a loan, thereby changing the value of the loan at that point in time, which reflects the interest and amortization payments expected in the future (Krayer, 2002). In some cases, credits may even become entirely worthless if borrowers become insolvent and bankrupt (Krayer, 2002). Another function which banks perform within an economy is rating and selecting the loans they finance. Through their activities as an agent, another essential function performed by banks is to reduce risks overall (Krayer, 2002). In this way, the general role of banks is to undertake and provide specific products or services. Financial institutions also play an additional role within an economy by granting loans, processing payments, accepting deposits, and carrying out investments. Through these activities, banks create added value for their clients, employees, service providers and shareholders. As a result, there is a significant amount of potential damage were a bank to collapse. Thus, the economic benefits generated by a bank are basically no different from the economic benefits generated by a doctor, teacher or train driver: by exercising, to the best of their knowledge and abilities, their specialist function in competition with others, companies and their employees make their contribution to economic benefit (Krayer, 2002). Research indicates that bankers act responsibly when they ensure that their house is in order and resist the temptation to pass off poor financial performance as a contribution to the economy (Krayer, 2002). Larger financial institutions play an additional role than just that of providing typical banking services. Financial institutions can form the core of economic development in a low-income community. For example, the World Bank’s focus is on project lending and structural reforms that enhance long-run development and poverty alleviation (Stiglitz, 1998). The role of the World Bank in the global economy is to address pressing issues such as weak financial sectors, lack of transparency and poor governance in the corporate sectors, and weaknesses in external liability management will help restore confidence among foreign and domestic investors (Stiglitz, 1998). In this way, the World Bank acts to reactivate poor economies and thus to protect and extend social and economic achievements. In poorer countries, the World Bank appears to operate in coordination with the government as it steps in and fills the income-security gap that is left by companies closing and workers losing their jobs. Over the longer term, the World Bank will be working with countries to help them design modern, durable social safety nets that complement their other structural reforms (Stiglitz, 1998). Finally, as illustrated above, the role of financial institutions is very diverse, as communities depend on them for basic transactions such as savings and loans. In the larger view, however, banks operate as the financial support of an economy, the stabilization of which the community depends on. How to cite Role of Financial Institutions in the Global Economy, Essay examples

The Quality of Financial Information in the Annual Report Sample

Question: Analyzed Whether the Disclosures Made are as per the Specific Provisions of AASS. Answer: Introduction Assets are the main part for effective and efficient functioning of an organization and while preparing the financial statements for the year end the amount is written off from the value of an asset as depreciation which is the amount incurred on account of loss of tear and wears, change in technology, etc. Another amount which has been written off from the value of an asset is Impairment. The main aim of this report is to assess the quality of financial information in the annual report. The emphasis has been laid on the Impairment of an Asset. In the first, the requirements of disclosure have been mentioned as per Australian Accounting Standard Board (AASB) 136. Then the disclosure made by the company is discussed and analyzed whether the disclosures made are as per the specific provisions of AASB 136. Thereafter, the difficulties faced in checking whether the assets has been actually impaired or not has been discussed. Then the list of issues have been mentioned which will be consi dered or taken into account by the directors of the company while making the calculations for the impairment of the assets. At the last the study has been closed with proper and adequate conclusion. The report has divided into several parts so as to give the understanding of the concept of Impairment to the readers. Disclsoure Requirements as per AASB 136 Australian Accounting Standards Board 136 provides the guidelines on the topic Impairment of an asset. Following are the relevant disclosures that every company to which this standard shall apply shall comply for each class of asset: The amount of the impairment made for the particular asset shall be charged to the Profit and Loss Account for the relevant period and the statement of comprehensive Income in which the impairment losses are included. The reversal amount of impairment made for the particular asset shall be recognized in the Profit and Loss Account for the relevant period and the statement of comprehensive Income in which the those impairment losses are reversed. In case of revalued assets, the amount pertaining to the impairment losses are recognized the statement of other comprehensive income for the relevant period. In case of revalued assets, the amount pertaining to the reversal of impairment losses are recognized in the statement of other comprehensive income for the relevant period (AASB,2010). The aforesaid requirements are disclosed in the schedule pertaining to the Reconciliation of Carrying Amount for each class of assets where the opening balance and closing balance at the year end is also mentioned. In addition to the above disclosure, following disclosures are further required: Where an entity reports the reportable segment that too in accordance with AASB 8, then its mandatory to disclose by recognizing the amount of impairment loss and reversals thereof in the subsequent period in the Statement of Profit and Loss Account and the statement of comprehensive income for the year end. In case of an individual asset, goodwill or cash generating unit, the entity shall disclose the following: The situations which has happened during the year and has made it important to recognize the impairment loss and reversal thereof if any The amount pertaining to impairment and reversal. In case of an individual asset, its nature and the reportable segment if any. In case of Cash Generating Unit, its description and the amount of impairment and reversal recognized by the segment which is reportable as per the AASB 8. The recoverable amount of any asset is either Fair Value less costs to sale or Value in use. If it is fair value then how it has been arrived and if it is value in use then which discount rate has been used to calculate the flows. In this way, the disclosures are required. Annual Report Complanace with Requirements For facilitating the study further, the company Woolworths Limited has been chosen. The analysis of whether the annual report complies with the disclosure requirements as per the AASB 136 is given below (Woolworths, 2015): As per Note 12 Property Plant and Equipment and Note 13 Intangible Assets of the Annual Report of the Company, the carrying amounts of these assets are arrived after deduction depreciation and the impairment loss. As per Note 12 of the Annual report, it is mentioned as how to calculate the recoverable amount and states that the impairment loss is recognized as and when carrying amount of any assets is increase by its recoverable amount. The statement has been written that the Property Plant and Equipment are checked at each reporting date for impairment and Intangibles are reviewed at least for annual. The procedure of calculating the Recoverable amount has been detailed and stated that the recoverable amount is the higher of Value in use or Fair value less costs to sell. The assumptions regarding the calculation of Value in use and Fair Value has been mentioned and states that for Value in Use the effective discount rate of 13% may be taken as based on the past year records. The reconciliation of the carrying amount at the beginning of the year and year end has been disclosed. It has been disclosed that the no reversals of impairment losses have been made during the year. The impairment loss has been charged to Profit and Loss Account and Statement of Other Comprehensive Income. The company has made separate disclosure for impairment loss on reportable segment Home Improvement and has disclosed that the change in assumptions adopted for calculation will not change the impairment loss amount by so many amounts which can create material effect in the financial statement. In this way, the annual report contains all the matters that is required to be disclosed as per AASB 136. Issues in Impairment Testing One of the major issues that have been confronted by almost all the companies is that till which level the testing for impairment shall be done. This is a very debatable question in this field but it is done as per the past requirements. It depends on the nature and details of the asset and how the allocation is being made for each cash generating units. Second major issue that has been encountered is the difference between the Value in Use and the Fair value. Fair value is the price of an asset which can be easily fetched from the market or the amount investor is ready to pay for the same whereas Value in use is the amount of cash discounted as per the given rate. Third major issue is the usage of discounted rate which is required to calculate the Value in Use. Discount rate shall be as per the relevant rate in the market and shall not be decided in isolation. Without having the correct discount rate, the amount of cash flows will be highly variable and which in turn will not provide the best results. Fourth is that the grouping of assets shall include some types of working capital or short term or current asset (Dolson, 2005). Fifth is that the test for impairment shall be done on regular and periodical basis. The model selected for impairment shall be one which can be easily adapted to the changeable external environment and which can be applied for years to come to an individual or the class of an asset (Chow and Marchev,2010). Last is that the discount rate after tax shall be used while calculating the Value in Use otherwise the 30% pertaining to tax shall be wrongly added to the value of cash flows generating from the various cash generating units. While Calculating Imairment Four major issues which shall be considered while calculating the Impairment: Adoption of Correct Discount Rate First of all the company shall take into account that discount rate which exhibits that the formulae of calculating rate gets itself arranged at the time of any change in the external environment. Also the rate so calculated shall be post tax otherwise the cash flows will higher by the tax amount. Determining the Proper Cash Generating Units The Company shall define the correct cash generating units and that too with proper allocation. Wrong allocation will lead to wrong estimation of the impairment loss. Level of testing the Impairment The impairment shall be checked to that level after which the testing will not serve any purpose. The test for impairment shall be done each year and it should be tested at the low level of the management. It is because the lower level will not in any manner will be the higher of operating segments. Thus, the level shall be as per the needs. Calculation of Value in Use and Fair Value less Cost of Sales It is advised as per AASB 136 that the Fair value less Cost of sales shall be calculated using discounting cash flow technique otherwise it will not be comparable with the Value in Use and thus will always provides wrong results for impairment. Thus, these four shall be considered while performing the calculations. Conclusion Assets play very important role for every organization in order to have future benefits. Along with the maintaining of an asset, the documents of company including the Annual report which contains the financial report of the company. Depreciation and Impairment are the two distinct and different terms which depletes the value of an asset and in the case of latter there can be the place of reversal. In the paper the impairment of assets has been detailed. It has been described by throwing light on the AASB 136 and AASB 8. The description has started from the disclosure requirements as envisaged by the AASB 136 till the issues that will be considered by the top management to review the impairment testing and calculations. Thus, in the way to conclude the study is extensive and the impairment of assets have significant place in the annual report. References Australian Govt, (2010), Impairment of Assets available at https://www.aasb.gov.au/admin/file/content102/c3/AASB136_07-04_ERDRjun10_07-09.pdf accessed on 15/04/2017. Chow E and Marchev M, (2014), Impairment Issues to watch available at https://www.pwc.com.au/assurance/ifrs/assets/ifrsinbrief-se-15may13.pdf accessed on 16/04/2017 Dolson M, (2015), A Look at Current Financial Measures available at https://www.pwc.com/hu/hu/services/assets/ifrs_kiadvanyok/in_depth/testing_for_impairment_in_the_upstream_industries.pdf accessed on 15/04/2017. . Woolworths Official Website, (2015) available at https://www.woolworths.com.au/ accessed on 16/04/.2017.