Business Law Term Paper Example | Topics and Well Written Essays - 750 words

Business Law - Term Paper Example A LLC is an adaptable business element that joins the components of an organization and that of a partnership. It gives constrained obligation to its individuals. Constrained risk infers that the obligation of a part is restricted to a specific aggregate, which as a rule is the estimation of the individuals commitment to the business. An investor in a LLC isn't by and by subject for any liabilities acquired by the element except if to the degree of their interest in the substance. This plan of action is perfect for Paul as it will permit him to shape the business with both Sara and Ronald. Contrasted with an association, a LLC doesn't give joint or individual risk. In an organization, accomplices are not just at risk for the activities attempted by the substance yet additionally obligated for their activities. A partnership, then again, isn't favored because of the expenses and time associated with its joining. Joining a business requires extra administrative work contrasted with a L LC on the grounds that they are profoundly controlled. Also, partnerships are burdened twice, that is on the grounds that the companys benefits just as the profits paid to its investors bring about charges (Baden-Fuller and Morgan 2010). The means engaged with framing a LLC incorporate picking and enrolling a business name, which must not be like that of any enlisted substance and ought to show that the business is a LLC. It is additionally a prerequisite to record articles of association. These are reports which contain the name of the business, its location and the names of its individuals. Similarly significant is the formation of a working understanding, which specifies the principles and guidelines for the activity of the business. Working understandings regularly incorporate assignment of benefits and misfortunes, rights and obligations of individuals, and different arrangements that permit the business to work easily. Pauls thought of charging less costs so as to veer off

The Speckled band Essay Example for Free

The Speckled band Essay The terrible subtleties that Conan Doyle puts across in his accounts are not hosed at all and this causes the story to appear to be progressively convincing. He tries really hard to depict everything so a full picture can be built without leaving anything to the creative mind. This guarantees the peruser sees the story in precisely the way Conan Doyle needs them to see it. It likewise stresses the sentiment of trust for the storyteller since hes sharing such a large number of subtleties. In The Adventure of the Engineers Thumb a case of this detail appears in the section verbally expressed by the designer: Oh no: not presently. I will need to advise my story to the police; be that as it may, between ourselves, on the off chance that it were not for the persuading proof regarding this injury of mine, I ought to be astonished on the off chance that they accepted my announcement, for it is an extremely unprecedented one, and I have very little in the method of verification with which to back it up. What's more, regardless of whether they trust me, the pieces of information which I can give them are obscure to such an extent that it is an inquiry whether equity will be finished. So as to build the picture made by Conan Doyle, discussion is short, sharp and genuine to ensure that lone realities are communicated to the peruser so they can make up their own brain about what's going on. Conan Doyle doesnt power his sentiments on them and this makes it increasingly sensible. A case of this sort of discussion is traded among Holmes and the Engineer: One pony? contributed Holmes. Indeed, just one. Did you watch the shading? Truly, I saw it by the sidelights when I was venturing into the carriage. It was chestnut. Tired-looking or new? Gracious, new and gleaming. Much obliged to you. I am sorry to have interfered with you. Implore proceed with your most intriguing proclamation. The designer is by all accounts telling all that he knows and this makes him substantially more trustworthy. The point by point portrayal of the occasions has another impact. It bit by bit develops the anticipation and the peruser is permitted to think about what the riddle could be and what could be so unordinary. The architects proclamation is incredibly extended to guarantee this happens viably. The interest of this story is expanded by the odd complexities between the characters. To the other side of the architect, there is a truly good expert man, Dr. Watson, who is as a conspicuous difference to the idiosyncratic and irregular private analyst Sherlock Holmes and they are both as a glaring difference to the specialist, a man of manual occupation. The eccentricity, that is so special to Holmes character, includes a further degree of authenticity to the story since it empowers turns to the plot that guarantee the story isn't tedious. The name Colonel Lysander Stark gives a feeling of interest. The peruser is without a moment's delay set off about his conduct, helped to remember a cliché Colonel, who is a pitiless unforgiving individual with aggressive savagery. He is depicted as a model scalawag. He has a German inflection, which was a typical nationality for cliché antagonists of accounts of the time. From the earliest starting point, he is depicted as meager, baffling and barbaric. These characteristics can be seen from Conan Doyles portrayal of Stark: he is man rather over the average size yet of a surpassing slimness. I don't believe that I have ever observed so dainty a man. His entire face honed away into nose and jawline, and the skin of his cheeks was drawn very tense over his extraordinary bones. However this anorexia appeared to be his characteristic propensity, and because of no ailment, for his eye was brilliant, his progression lively, and his bearing guaranteed. Utilizing little however significant portrayal, he can develop a ground-breaking picture that can stun the peruser. It is quickly acceptable and this effectively calms the peruser into an incorrect conviction that all is well with the world. At the point when every bit of relevant information is at long last uncovered it is all the more dazzling and significantly more effective in engaging the peruser. The language of the time appeared to be as formal and as precise English as it could be and substantially less slang was utilized. Holmes and Watson talk commonly rich English. Utilizing a language like this gives the tales the environment of that time. Conan Doyle set up a convention of investigator fiction and subsequently Sherlock Holmes got one of the most well known and famous analysts. When Conan Doyle slaughtered off Sherlock Holmes, the general population was crushed to find out about the passing of the investigator. Men in London wore dark armbands as a characteristic of dissent. It got so terrible that Conan Doyle even got demise dangers and subsequently he re-presented Sherlock Holmes. This equitable shows how well known, reasonable and acceptable the Sherlock Holmes stories truly are. The motivation behind why Sherlock Holmes stories are well known is a direct result of their interesting and practical characters and settings. The narratives are exceptionally engaging and it gives you an away from of what's going on in them. The settings make a hypnotizing and baffling air from a captivating period in time for the peruser to be brought into. Show review just The above see is unformatted content This understudy composed bit of work is one of numerous that can be found in our GCSE Arthur Conan Doyle segment.

Understanding Emotions Through Facial Expressions

Understanding Emotions Through Facial Expressions Social Anxiety Disorder Treatment and Therapy Social Skills Print How to Read Facial Expressions You can improve your ability to read others emotions By Arlin Cuncic Arlin Cuncic, MA, is the author of Therapy in Focus: What to Expect from CBT for Social Anxiety Disorder and 7 Weeks to Reduce Anxiety. Learn about our editorial policy Arlin Cuncic Updated on November 20, 2019 Zone Creative/Vetta/Getty Images More in Social Anxiety Disorder Treatment and Therapy Social Skills Symptoms Diagnosis Coping Work and School Related Conditions The ability to understand facial expressions is an important part of nonverbal communication. If you only listen to what a person says and ignore what that persons face is telling you, then you really only have half the story.?? Often words do not match emotions, and the face betrays what a person is actually feeling. If you suffer from  social anxiety disorder (SAD) you might have a hard time paying attention to facial expressions. You might have trouble with eye contact or read too much into negative expressions on other peoples faces. Although it is important to pay attention to facial expressions, remember that knowing the emotion doesnt tell you the cause. If someone seems bored, upset or disinterested it could be for a number of reasons â€" and have nothing to do with you. The value in understanding facial expressions is to gather information about how the other person is feeling and guide your interaction accordingly. If someone appears disinterested she might just be tired, and it might be time to end the conversation. Below are five tips to help you better read the facial expressions of others. Universal Emotions Research by Dr. Paul Eckman tells us that there are a handful of universal facial expressions that cross cultural divides. Even blind people make the same faces to express the same universal emotions.?? The universal expressions are: SurpriseFearDisgustContemptAngerSadnessHappiness Practice making the facial expressions that go along with these emotions and you will become better at recognizing them in other people. Micro-Expressions Not all facial expressions stick around for a long time. Those that pass quickly are called micro-expressions?? and are almost indiscernible to the casual observer. You might be picking up on these micro-expressions if you get a feeling about someone. Dont ignore your gut. Eyebrows Eyebrows?? tell a lot about what a person is feeling. They can be... Raised and arched (surprise)Lowered and knit together (anger)Inner corners drawn up (sadness) Watch someones eyebrows to get a handle on how that person is feeling. Eyes The only thing more telling than the eyebrows are the eyes?? themselves. They might be Wide open (surprise)Intensely staring (anger)Have crows feet crinkles (happy) In addition, dilated pupils can indicate fear or romantic interest, while rapid blinking might signal dishonesty or stress. Mouth The final piece of the facial expression puzzle has to do with the mouth.?? Look for: A dropped jaw (surprise)Open mouth (fear)One side of the mouth raised (hate)Corners raised (happiness)Corners drawn down (sadness) Other signals to look for are: Lip biting (anxiety)Pursed lips (distaste)Covering the mouth (hiding something) How to Read Body Language and Facial Expressions These are only a few tips to get you thinking about the facial expressions you see during conversation and what they mean.?? If you find you are having a hard time reading other peoples emotions through their expressions, you might need more practice, or you might simply have trouble decoding what others are feeling If your inability to read facial expressions causes you distress, consider seeking help from a mental health professional to identify the issue and appropriate method of remediation.

Global Warming A Serious Problem - 1495 Words

For someone who does not celebrate Christmas, December was enjoyably warm last year. My grandfather said he brought the warmth when he came back from Pakistan the month before; but for me, the outdoor activities that weekend were a guilty pleasure. I had daymares about sea levels rising and destroying the beautiful seacoast I have always called my home, my daughter growing up in a world lacking in luxuries that I have always had, cursing me for not taking care of the earth that she was to live on. I saved my grandpa the worry of what I know is a very serious problem: Global Warming(â€Å"What’s Behind the Freakishly Warm Winter in the Eastern U.S.?†). Accordingly, there is a popular quote that frequents my Facebook newsfeed regularly: â€Å"There is no Planet B.† This would have meant nothing to me before, but taking Introduction to Environmental Issues has enlightened me on the true complexity of the global warming crisis. We have an exponentially growing human population with proportionally increasing demands that rob the health of this planet. Every single action we take is linked to toxic waste choking the immense but limited ocean. Pumping carbon dioxide into the atmosphere is exposing every vulnerable life to the harmful rays of the sun and drowning precious land where water shouldn’t be. Global warming is no longer a debate but a crisis to be quickly addressed, considering more than 97 percent of scientists agree that climate change is a direct result of humanShow MoreRelatedGlobal Warming Is A Serious Problem Essay1675 Words   |  7 Pagesdisappearing habitats, changing ecosystems, and acidifying oceans.â⠂¬  (Berger, 2015) Global warming is a serious problem for several reasons including melting glaciers, more severe storms, and the effects that it is having on our wild life/ sea life due to the greenhouse effect. We must start taking measures to help the effects of global warming. If we do not start making changes to help the issue that global warming is bringing, we will really start to regret it because we only have one earth and ifRead MoreGlobal Warming Is A Serious Problem982 Words   |  4 PagesGlobal warming is a serious problem the world faces today. Most people don’t know, or just don’t care, what global warming is and how it affects them. What causes global warming? What effect is it or will it have on my life? How can we fix it? It is not too late to save our planet but it will take some effort from everyone. The earth’s atmosphere is supposed to trap heat or the earth would freeze overnight and it would be uninhabitable. The problem is all the extra chemicals that we are puttingRead MoreGlobal Warming Is A Serious Problem1177 Words   |  5 PagesRecently, global warming has become a serious problem in Australia. Global warming is a naturalized phenomenon. In general, global warming always caused by the emission of carbon dioxide. Then the Earth’s surface and ocean temperature get warmer. People burn fossil fuels such as oil and coal could create greenhouse gases to the atmospheric layer. (Oxford, 2016) Both the releasing in automobile exhaust and decreasing in the forested area also can make the global warming. Hence, global warming would makeRead MoreGlobal Warming : Deforestation Is A Serious Problem1717 Words   |  7 PagesGlobal Warming: Deforestation Global warming has become a serious problem for us, and the Earth itself. Global warming is when Earth’s temperature increases, due mainly to human activity and the greenhouse effect. This is affecting our atmosphere, causing an increase in temperature. This is mostly humans’ fault since we are the ones that contribute the most to global warming. Due to overpopulation, the demand for many of the things we use everyday have increased dramatically. Factories and the burningRead MoreGlobal Warming Is A Big And Serious Life Threatening Problem1254 Words   |  6 Pagesdrought, more floods, more acidification of the oceans, more rising sea levels. - (Brainy Quotes). Global warming is a big and serious life threatening problem. Since the 1990’s Global warming’s an issue to the world because greenhouses gases such as carbon dioxide, methane and etc. has been entering our atmosphere . The past years there has been more climate changes which has come to be a pro blem as a rise in catastrophes such as hurricanes and tornadoes. People will have to come into a solutionRead MoreThe Effects Of Global Warming On The World1235 Words   |  5 Pagesmay not be feeling the effects of global warming at the moment, but in time it will become a more widespread issue. The effects of global warming are hard to refute, and there is endless evidence of this growing problem in our world today. The continuation of global warming is a serious threat to everyone and everything on Earth. Global warming has been a problem for over a hundred years, and it continues to grow every day. The first evidence of global warming was discovered in 1859 by John TyndallRead MoreCauses Of Environmental Issues1467 Words   |  6 Pagescare. However, the global issues around the world are the most serious and concerning problems. According to Globe scan, 64% out of 25,000 people said environmental issue is the most serious problem. Like other issues, environmental issue is a growing problem around the whole world. Some people know and say that humans have to save the Earth, but how many of them actually keep those rules to save it? For that reason, environmental issue is an ongoing problem, and global warming is the huge and significantRead MoreGlobal Warming : A Global Climate Change1457 Words   |  6 Pageshappened by global warming like, increasing the temperature degrees, and melting the snow mountains around the word. However, global warming has played a major role in chan ging the weather all over the world. The climate change all over the world is a proof that the weather conditions are changing. Global warming has made some of the hottest land cold now and the countries that never had a summer in millenniums are now having sunlight regularly. These are the basic changes that signify that global warmingRead MoreGlobal Warming Is the Greatest Threat to Our World Today.1206 Words   |  5 Pagesflooded; these and many more are all problems we are facing in our everyday lives due to global warming. â€Å"The warnings about global warming have been extremely clear for a long time. We are facing a global climate crisis. It is deepening. We are entering a period of consequences.† Said Al Gore in a speech at the National Sierra Club Convention in 2005. Many would agree with Gore in taking the side that global warming is the greatest threat to our world today. Global warming has a chain reaction effect, causingRead MoreClimate Warming : Global Warmi ng Essay1095 Words   |  5 PagesCurrently, the temperature of the earth’s climate system continues to rapidly increase which leads to global warming. Global warming, by definition is the â€Å"gradual increase in the overall temperature of the earth’s atmosphere generally attributed to the greenhouse effect caused by increased levels of carbon dioxide, chlorofluorocarbons, and other pollutants†(Webster’s). There are many reasons why global warming occurs, such as human activities and the increasing of gases; for instance carbon dioxide in the

Online Masters and Doctorates Degrees in Education 2019

Individuals who begin a college level course of study with the intention of teaching at the elementary or high school level will major in education. It is rare that you will see a program labeled teaching degree. Education degrees tend to focus on specific levels or aspects of teaching. Masters and doctorate degrees are offered in education. There are program offerings available such as Masters in Education/Early Childhood Education. The University of Phoenix Online offers the following degrees in education: Master of Arts in Education/Curriculum Instruction Adult Education Master of Arts in Education/Curriculum Instruction Computer Education Master of Arts in Education/Curriculum Instruction ESL Master of Arts in Education/Early Childhood Education Master of Arts in Education/Elementary Teacher Education Master of Arts in Education/Secondary Teacher Education Master of Arts in Education/Special Education As you may have noticed, not all of these degrees are geared for classroom instruction. Some of these degrees would put a person in an administrative or planning position in a school state board office of education. .uf9593b5f63d31f0cbb1198562b9bdde8 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .uf9593b5f63d31f0cbb1198562b9bdde8:active, .uf9593b5f63d31f0cbb1198562b9bdde8:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uf9593b5f63d31f0cbb1198562b9bdde8 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uf9593b5f63d31f0cbb1198562b9bdde8 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .uf9593b5f63d31f0cbb1198562b9bdde8 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .uf9593b5f63d31f0cbb1198562b9bdde8:hover .postTitle { text-decoration: underline!important; } READ Earning an Education in Business AccountingDoctoral programs in education are also available at the University of Phoenix Online. The focuses for the two doctoral programs the school offers are educational leadership and curriculum and instruction. An individual with one of these degrees might teach on the college level or take on a leadership role in an educational district. Capella University offers the following advanced degree programs for people already working as teachers: Leadership in Educational Administration, Curriculum and Instruction, Advanced Classroom Instruction, and Reading and Literacy. These programs are also geared for those interested in educational management or leadership positions. Capella also offers the following advanced degrees for individuals who are not certified teachers: Leadership for Higher Education, Postsecondary and Adult Education, Professional Studies in Education, Instructional Design for Online Learning, Training and Performance Improvement, and Enrollment Management. There are advanced degree programs available at Jones International University for those who want to become teachers. There are fourteen concentrations available in the schools masters of education program offerings. Five of the programs are for those who would like to obtain their teachers license. There are also programs for those looking to play administrative roles in education. .uaeed6987941e02dc818721e8e4da1e04 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .uaeed6987941e02dc818721e8e4da1e04:active, .uaeed6987941e02dc818721e8e4da1e04:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uaeed6987941e02dc818721e8e4da1e04 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uaeed6987941e02dc818721e8e4da1e04 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .uaeed6987941e02dc818721e8e4da1e04 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .uaeed6987941e02dc818721e8e4da1e04:hover .postTitle { text-decoration: underline!important; } READ Technology SchoolsWith online colleges, and most other institutions, you are likely to obtain your masters degree along with teacher certification. Related ArticlesMasters Degrees in Education OnlineEarly Childhood Education Teaching CertificationUse the Internet to Attain a Masters Degree in TeachingAcquiring Your Teaching Degree On The InternetThe Doctorate in Education Educational LeadershipFind Online Education and Teaching Degree Programs

Book Report (the Titans Curse by Rick Rordan) Free Essays

Percy Jackson The Titans Curse In this Percy Jackson and the Olympians book, it starts out when Thalia daughter of Zeus, Annabeth daughter or Athena, and Percy son of Poseidon set out to help Grover who found two really power full half bloods escort them back to camp have blood. But then they run into trouble when this really power monster shows up that works for Cronus try’s to take Bianca and Nico the two really powerful other half bloods. Before there group was about to be defeated Artemis goddess of the hunt and the moon sun of Apollo shows up and rescues them with her huntresses. We will write a custom essay sample on Book Report (the Titans Curse by Rick Rordan) or any similar topic only for you Order Now Also Annabeth saved them but in the process she falls off the cliff and they could not find her, little do they no that she was really just captured by Luke and Cronus, Bianca joined the hunt with Artemis and left Nico at camp half blood to train to become stronger. Artemis left her huntresses to go find the one monster that could destroy Olympus, while trying to find the monster she was captured by Cronus and needs to be rescued before the winter solstice so that she can convince the council that they need to go to war to prevent the titans rise. So a quest was given to Zoe who was the leader of the huntresses that they should go save Artemis before the winter solstice and when she went to go consult the Delphi Oracle it said â€Å"five shall go west hunters and campers combined will not fail one shall be lost in the land without rain and another shall parish by a parents hand. † So since Zoe was the quest leader she got to choose who goes with her, she chose three hunters and two campers but one of the hunters got sick so she couldn’t go so only four of them left for the quest Zoe Bianca, Thalia and Grover but then Percy wanted to go save Annabeth so he snuck off to save her. He ends up meeting up with and saves them from the monster that tries to kill them early. When the got to New Mexico (which is a land with out rain) they go into the gods junk yard and this giant mechanical robot thing comes to life and then Bianca jumped into the robot and defeated it but she was lost and could not be found. They had to go all the way from camp half blood which is right out side New York all the way to California. When they finally go to California the had to go up the mountain of the titans so it is really dangerous also the general is back which is cronus’s number one warrior you no the guy who holds up the sky atlas. When they get up there they see Annabeth laying on the ground over where you hold up the sky and Artemis holding up the sky they also see Luke and Atlas and an army behind them Percy Jackson did the naturally stupid thing and charged Atlas but cause of this curse that was put on Percy his weapon riptide failed him and so he ran over to where Artemis was holding up the sky and took the sky for her so that she could fight Atlas, While that was happening Thalia was fighting Luke after he was defeated by her, he tried to jump at her but her reflexes was to fast and she kicked him off the cliff with was like a 30 foot drop so he should have died but didn’t when Artemis was fighting Atlas she was defeated and before she was about to get seriously hurt Zoe jumped in the way and saved her, which gave Artemis enough time to get up and ready to fight again. In the mean time Zoe was seriously hurt and was about to die and everyone else was about to get defeated but then Artemis kicked Atlas under the sky again and so Percy jumped out of the way and so Atlas was stuck once again under the sky, but there was still a giant army that was surrounding them but out of no where Annabeth’s dad which owned a plane came out and started shooting all the monsters with Celtic bronze bullets which gave Artemis enough time to call down a chariot and so they jumped in to get away. Zoe was still really injured and on her death bed. She ends up dieing and then they find out that Atlas was Zoe’s dad so she perished by a parents hand. When they get back to camp half blood Nico found out his sister died so he got really angry and ran off which on his way finds out he is the son of Hades. Up on mount Olympus on the winter solstice they end up finding the monster which was a harmless cow sea serpent and so if you sacrifice a harmless monster you g ain the power to over throw the gods, Artemis convinces the gods that they need to go to war with the titans. How to cite Book Report (the Titans Curse by Rick Rordan), Papers

Accounting Policies And Reliability

Question: Discuss about the Accounting Policies And Reliability? Answer: Introduction The report starts with a discussion on harmonisation of accounting standards. How and why the harmonisation process is useful has been explained. Harmonisation is then compared and contrasted against the process of convergence. The convergence of IFRS into GAAP has been briefed a little in the report. The impacts of such convergence on various economies in EU have been briefly discussed. The aim of the report is to explain the importance of uniform accounting practices for the companies that are operating in global economy. The report then goes on to discuss the qualitative and fundamental aspects of financial reporting and why is it useful to have reporting that are fundamentally strong and sound. International accounting standards Harmonisation basically means bridging the differences in financial reporting. The purpose of harmonisation is to make the accounting standard uniform so that all the disclosures are done in the same way by all the companies. If financial reports are prepared in different ways by all the companies, it becomes difficult for the reader to understand each and every aspect of the financial reporting. So, there are some standard rules and procedures that are to be followed by all the companies which is known as harmonisation of accounting standards. According to Combs, Samy and Myachina (2013), Harmonisation of accounting may vary from country to country. Thus for international investors, it becomes difficult to understand the accounting standards of other countries. Here the term convergence comes into picture which means creating a harmony between accounting standards that are followed by different regulatory bodies. An example of this would be international Accounting standards (IAS) and US Accounting standards (GAAP). This would enhance the confidence of international investors while making investment decisions. Harmonisation takes into account the comparability of the reports and to ensure that the chances of occurrence of any reporting as well as reading errors are minimum (Nobes, 2014). With the help of harmonisation reading complexity of all the financial statements is reduced. Harmonisation also tries to ensure that the process of auditing is smoothened out and the audit reports are prepared uniformly across a country (Jannelli and Tesone, 2013). On the other hand, convergence takes into account, harmonisation of international accounting standards. Harmonisation does not deal with the quality of reporting but convergence deals with the quality of reporting. Convergence also aims to ensure that the international financial reporting that all the companies could use for national and international reporting. Harmonisation aims at increasing agreements in the accounting standards and rules between parties. But it does not involve standardisation of accounting practices (Beke, 2010). Convergence leads to standardisation of accounting process across countries. In harmonisation, as long as there is no logical conflict in the financial representation, or a conflict between the set accounting rules, it would be accepted and followed. But in convergence, the accounting processes and rules are standardised and are to be followed globally. There cannot be any difference because of different boundaries. Convergence can also be defined as an effort of IASB to promulgate the different national accounting standards and use the expertise of these standards to promulgate the best possible international accounting standards. It ensures compatibility in all the international reporting. Convergence tries to remove the barriers for financial reporting when they try to move across boundaries. However harmonisation aims at producing synergistic results within the boundaries of a single economy. It aims at making the reporting uniform so that readers can compare the performance by using similar performance indicators. Advantages and Disadvantages of Harmonisation The advantages and disadvantages of harmonisation is discussed in the table below. Advantages Disadvantages Harmonisation aids comparability of the financial reports irrespective of the industry and thus acts as an important tool in the hands of the investors. Harmonisation does not take into account international scenario and thus is subjected to condemnation. The quality of reporting by the companies operating in under developed economies may not be explicit enough. Financial reporting appears to be more consistent because of harmonisation. Harmonisation ignores the fact that the conditions for accounting may be different and thus uniform reporting on uniform features makes it difficult for the companies a lot of times. Harmonisation aids the process of investment and various analysis can be performed by the experts. So all the investments that are made are informed investments. Harmonisation cannot provide a fool proof answer to the questions posed by the operators in a global economy (Bradshaw and Miller, 2008). The Adoption of IFRS in the EU Any business enterprise that is operating in EU is supposed to use IFRS accounting standards for the purpose of reporting. From the year 2015, endorsement has been made compulsory by regulatory authorities in EU(Shim, Siegel and Shim 2012). Since then EU has been one of the major contributors to IFRS in terms of market capitalisation. No account consolidation is possible without following principles of IFRS in EU. As per a research conducted by Biondi (2014) still there are a few companies who are following the principles of GAAP. Adoption of IFRS made financial reporting process more transparent, comparable and encouraged liquidity, more capital inflows. The markets in the European Union became more investment friendly as international investors were able to make informed investments. (Source: European commission, 2015) The endorsement process of IFRS was made public so that every change that is incorporated in the system is transparent. The monitoring board made direct interaction with IFRS foundation which in turn put the issues of IASB and IFRICs. It was made sure at each levels that the responsible authorities are providing unbiased opinions and there are no vested interests as such. IASB also proposed to develop a conceptual framework wherein they agreed to respond to the demands of stakeholders of these policies as well as respond to the concerns of the regulatory bodies. The role that was to be played by each committee member was made clear by IASB but at the same time the concerns related to standards were to be addressed by EFRAG(European Financial Reporting Advisory Group). The committee would also prepare a report on the expected economic effects of the changes and on the other financial indicators of the economy. Then it would go ahead and propose the draft to the other team members of the board. If any of the team members want to oppose to any changes that are made in the reporting standards then they need to do so within the three months. Else it would be assumed that the proposed draft has been accepted. The regulatory bodies basically had two main concerns. They wanted to address the concerns of investors as well as the concerns raised by taxation authorities. The standards should be Anglo-Saxon and also should be able to address the queries of creditors. In a study conducted by Terzungwe (2012) on Nigerian firms it was noticed that by converging into IFRS, the firms could get better opportunities at international level. They gained on cross border listing, had better competitiveness and they could eliminate the need for reconciliation of information that was reported by their financial accounts. In another study conducted on Italian firms by Cordazzo (2013), it was found out that there existed huge discrepancy between the GAAP and the IFRS. The impact of different accounting rules in the financial accounts created big differences in net income as the treatment of intangible assets and taxes. Another implication for Convergence of IFRS in EU was cost that was to be incurred in training the professionals for the new accounting standards. The diversities that existed in EU in the accounting standards made the convergence a tedious and complex process however it came out with a lot of advantages (Harper, Leatherbury, Machuca and Phillips, 2012). The Conceptual Framework for Financial Reporting The conceptual framework for financial reporting explains the rules and procedures that are to be followed while making financial disclosures. It helps in providing help to the regulatory authorities to develop standards that would assure consistency in the disclosures as well as interpretation ways. This has to ensure that the reporting is clear and concise and there does not exist any scope for any loopholes for fraud and misrepresentation (Teixeira, 2015). Qualitative Characteristics Qualitative characteristics that are to be described are comparability, transparency, integrity, verifiability and timeliness. Fundamental Qualitative Characteristics All the financial disclosures that are made by the companies must be done keeping into mind the users requirements. So apart from addressing the fundamental needs of the financial reporting, it should be able to provide suitable explanations to the varieties of concerns that are raised by various stakeholders. The fundamental qualitative characteristics are materiality, relevance and faithful representation. Apart from this other factors that are to be kept into mind are verifiability, comparability, timeliness and understandability. The fundamental aspects can be explained as follows. Relevance: The financial reporting should contain only those data that could be used as information for at least one set of stakeholders. The reporting should add value to the decision making process of the reader. Faithful Representation: People who have invested money and have some kind of interests attached with any business organisation would certainly like to have a clear picture about the firm. So the financial data that are represented should be free from error, complete and unbiased. Materiality: This characteristic ensures that the data that are represented are entity specific and pertain to a specific time period. The reader should be able to clearly understand the purpose and time period of the disclosure. Enhancing Qualitative Characteristics Since the quality of accounting does not have any fixed definition that all are supposed to follow, the quality of reporting would generally be understood by looking at some fundamental principles. The others are value additions which act lie cherry on the pie and supports stakeholders requirements. The determinants of the financial reporting would be the analysts who are using the information provided by the companies to lure the investors, the legal system who would want to have fair tax revenues, the debtors and the capital providers. The regulatory authorities want this reporting to be uniform so that financial audits and financial performance can be judged uniformly (Abbas and Al-abdullah, 2012). The enhanced qualitative characteristics can be explained as follows. Reliability: The reader of the data should be sure that whatever is being disclosed is reliable and being prepared by someone who has required knowledge about the same. A completely reliable accounting reporting would be one where all the depictions that are being made have required information and the user is being able to understand the phenomenon that is being depicted. Comparability: From investors perspective it is very important to be able to choose between options. They should also be able to compare the past performance with the current performance so that they can decide on the growth path of their investments. The feature comparability also enables users to compare between different companies in the same industry and also between two firms in completely different industry. Consistency: The accounting procedures that are used should be consistent over the years. Same items should be treated in the same way over the years. The ways of treating each and every item should be uniform. Verifiability: The reader of the information should be sure that all the information that has been depicted in the accounts are free of errors are completely unbiased. At any point of time, if anyone wishes can verify the data using appropriate channels. The reader should be sure that the information depicts only reality and nothing else (Ball, Li and Shivakumar,2015). Timeliness: The availability of data at the correct time is of utmost importance. There is no point of having an information when is significance has been lost. So, timeliness is one important aspect of financial reporting. Understandability: The conceptual framework of reporting affirms that if the data is presented in a clear and concise manner following all the guidelines would be understood in the correct way. Conclusion The above discussion puts a light on the importance and usage of harmonisation of accounts. The importance of harmonisation over convergence has also been explained. The convergence of IFRS in the EU economies has significant effects in terms of net income and equity of the users of accounting standards. Finally the paper has put light on the fundamental and other qualitative characteristics of financial reporting. The aspects like relevance, comparability, faithfulness, understandability, verifiability are emphasised in the paper. The paper explains the purpose of accounting from various stakeholders point of view. 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