International corporate accounting Essay Example | Topics and Well Written Essays - 1000 words - 1

International corporate accounting - Essay Example In 1934 a Securities Exchange Act was formulated giving the SEC a statutory authority of setting up standards for financial accounting and reporting but this would target publicly held companies only. However, the SEC is often dependent upon the private sector in policy formulation. (Financial Accounting Standards Board’s website, 2011) On the other hand, The International Accounting Standards Board (IASB) is an independent, private-sector body based in the UK that develops, approves and promotes International Financial Reporting Standards, whose operations are directed by the International Financial Reporting Standards Foundation. It was formed in 2001 to replace the International Accounting Standards Committee which had existed since 1973 through an agreement made by professional accountancy bodies from Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland, and the United States of America. Other members became part in the following years. (Deloitte IAS Plus’s website, 2011) The IFRS foundation is an independent, not-for-profit private sector organization working in the interest of the public. Its objectives are formulating a unified set of high quality and apprehensible international financial reporting standards (IFRSs) that can be enforced and will be globally accepted, promote their application, it takes into consideration the needs of emerging economies and small and medium-sized entities (SMEs) (Financial Accounting Standards Board’s website, 2011).This is achieved through the IASB for development and publishing together with overseeing their interpretation on all the sectors. In order to achieve global acceptance and adoption of the IFRSs, the IFRS foundation and the IASB involves relevant stakeholders around the world, including investors, national standard-setters, regulators, auditors, academics, and among others. According to Seyfarth (2008) by November 2008, 113 countries

The History of Sugar and Its Influence Assignment - 1

The History of Sugar and Its Influence - Assignment Example In seeking to integrate with such an understanding and leverage a further realization for how current society ingests larger and larger amounts of sugar, as well as the ways in which societal stakeholders can seek to lessen the impacts of sugar consumption, the August 2013 issue of National Geographic features a cover story that is entitled â€Å"Sugar (A Not so Sweet Love Story)†. The following analysis will seek to derail the discussion and summary of the analysis which the author performs. It is the hope of this student that such a summary will be useful in helping not only to understand the key points of the authors argument but also with regards to utilizing these understandings and prescriptions for a better life and an overall decrease in the level of obesity and health impacts that the consumption of too much sugar has been tied to. Firstly, the author traces the history of how sugar came to be introduced to the West and subsequently the remainder of the world. As with so many inventions and development in human history, the spread of Empire was ultimately the vehicles through which most of the world came to integrate with the consumption of sugar. The author indicates that era conquerors were the first to spread an awareness and appreciation for sugar and the lands that they conquered. In comparing to the spread of sugar throwing paint at a fan, the author discusses the way through which an appreciation of refined sugar and the means through which it can be added to see dishes and ingredients as a means of making things tastier, the author points to how the spread of sugar into the West was first evidenced around 500 B.C.E. him from this point, sugar production spread into much of the Western world and was incorporated into the diet of individuals; albeit to a much lesser degree that it is within the current ti me.