The topics are two big to write over here so i will upload the Essay

The topics are two big to write over here so i will upload the possible topics after finishing the checkout - Essay Example On the other hand, the year 2000 elections gave mesmerizing chances to the dwellers of the four major counties of Florida to influence the result of the election with a relatively greater margin. However, you got to multiply these probable conditions by a minute probability through acknowledging yourself as a voter in a major county and you can be easily stunned to see the end result which is way smaller than 0.00000843355 with the exception that the triumphant contestant received less popular votes. Body Regardless of the above surprising figures that strike the ardent voters with awe, voting appears to be entirely irrational. It is time to realize that a single person’s vote does not have the power to change the outcome of the elections. You got to accept the reality that if your favorite candidate is going to lose or win, your so-called precious vote has got no part to play in his success or failure. The question remains unanswered that why do millions of people across the world take out time from their busy schedules to cast vote. I was too restless to know the strong desire of people for voting and a smart family member of mine expressed his views as, ‘what would happen if every one thought the way..? He further argued that democracy could be endangered if the masses of a country quit taking part in voting. To enlighten the dear readers with an important expression, this particular way of thinking is called ‘magical thinking’ I must add that it is a very mistaken belief when people start to develop strong, but unsound thoughts that their actions could have major influence on the life of others and others too will start behaving like they do. The power of magical thinking forces such individuals to participate in voting in order to evoke other individuals to do the same so that democracy can flourish (Howe 140). This appears to me very illogical and pathetic fallacy. You certainly should follow the path of magical thinking, but onl y if you are a very influential personality who can drive great traffic towards the polling stations otherwise you must refrain from adopting such a fallacious way of thinking. A close friend of mine who happens to be a political scientist believes that it is obligatory on every citizen to thrive democracy by using the power of voting. It is not just the case with the political scientists, but couple of friends of mine also believes that voting does not merely mean to influence the results of the elections. They say that voting is all about fulfilling your duty of a democrartic citizen (Roberts 18). Well, I would like to give greater knowledge to these obedient citizens that your reasoning fails on two solid grounds. First of all, a single citizen cannot contribute in the establishment of a thriving democracy as it is a matter of collective efforts. Failure in a democratic system is not prone to participation of citizens in voting, but there a combination of factors due to which dem ocracy could collapse. Besides, if it is only a matter of fulfilling one’s civic duty as a democratic citizen then why do people not vote randomly? We see people rushing to the polling stations to vote for their favorite candidate with the strong desire to snub the opponent, but no one really recognizes voting as a part of

Harmonisation of Accounting Standards Essay Example | Topics and Well Written Essays - 1500 words

Harmonisation of Accounting Standards - Essay Example They include UK GAAP, IAS, US GAAP etc. More positive, however, has been the improvements in recent times in terms of global convergence; this has convinced various stakeholders that there is still hope that harmonization can be achieved sooner rather than later. Local and international standard setting agencies have initiated harmonization projects that have largely been successful; it will therefore not be too long before a common set of standards guides and controls the accounting world. This will give the accounting profession an identity of legal discipline in its truest sense. This paper examines the issue of harmonization and other aspects that relate to it, for example challenges and advantages. Key Words accounting standards, harmonization of accounting standards. Introduction The harmonization of accounting standards has developed into a hot topic among accounting professionals all over the world (Black 2007, pg.26). Accounting standards can be defined as authoritative stat ements issued by acclaimed accountancy agencies that relate to different aspects of treatments, disclosures and measurements of accounting events and transactions, and that signify best accounting practices. ... For example, in the United Kingdom (UK) electrical and electronic engineers abide by the Institute of Electronic and Electrical Engineers’ (IEEE) standards and principles that define and shape their professional practices (Samir 2003, pg.20). Why, then, is it so difficult for accountants to have a common set of codes that create some uniformity in their line of work and their practices? Over the years, it has been widely acknowledged that the differences in existing standards in various countries have so often been greatly underestimated. As a result of this, achieving uniformity has been a herculean task of sorts; the first step towards failure is usually underestimating the gravity of a problem (Srkant 2005, pg.64). As a consequence, attention has shifted towards understanding the various accounting standards in existence and trying to address how they can be merged. Although it has been met with huge obstacles, results have been better than in previous attempts. History of Harmonization The concept of harmonizing accounting standards dates back to the 19th century when the notion of â€Å"International Accounting Standards† was put forward in the 1st International Congress of Accountants which was held in St. Louis in 1904. In 1957, at the 7th International Congress of Accountants in Amsterdam, Mr. Jacobkraayenhof discussed the need for international accounting standardization and cooperation. In 1966, talks were held among various professional bodies like the Association of the Institute of Certified Public Accountants of America, the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of England and Wales (Siegel & Shim 2006, pg.33). The talks were led by the then President of the Institute of