Critical review and evaluation Essay Example | Topics and Well Written Essays - 1250 words

Critical review and evaluation - Essay Example ) have the major task of presenting the financial statements which can fulfil the requirements of all the users of financial statements and not only the investors. This report is presented by CFA Institute as guidance to these standard setting bodies to incorporate some major changes in the existing set of financial statements with respect to the investors. The following discussion holds a critical approach as to whether the proposals suggested under this report by CFA Institute are considered and incorporated in the most recent advancements made by FASB and IASB. CFA institute provided this proposal to protect the stake of investors whether equity or debt investors. The aim of the institute was to prepare the financial statements that can achieve the objectives of the investors. However, the financial statements do provide the necessary information upon which the investors can take their decisions, but CFA institute failed to provide more investor specific information which should be included in the financial statements by FASB and IASB. From the above proposal, CFA institute wanted to secure the equity investors as they have the last claim on the assets of the company after creditors and other suppliers of finance. CFA institute holds the view that the equity investors should have the most recent information regarding the off-balance sheet transactions, contingencies and other claims to which they are liable but they are unaware regarding their amounts and magnitude. Similarly, those assets, which act as revenue generating units should also be come on the face of financial statements to provide the equity investors specific information about these matters. If the existing standards are taken into consideration, it can be noted that the amounts in respect of contingencies, off-balance sheet transactions etc are still not provided as the standard setting bodies believe that these areas still lack of measurement due to which they cannot be recognized.

Reporting on a Religious Service Essay Example | Topics and Well Written Essays - 1250 words

Reporting on a Religious Service - Essay Example The outside pictures were a distinct depiction of a religious place that was encompassed in its architecture. The temple was fenced all round by metallic rails that demarcated the place from its neighborhoods. The temple had a dome that was indicative of the Shikar-bandhi type of the Jain temples. The temple was beautifully carved with pillars all over the entrance, and the inside of the temple was enclosed. The colors that were used on the outside included white with blue-print of the Jain signs and symbols. From the front, there was only one entrance to access the building with a dome on top of the entrance. The inside was also decorated with a combination of architecture, paintings, and colors that were similar to those that were outside. On my entry into the building, I took off my shoes because every other believer was taking off their shoes, and it was a sign of etiquette. The inside had two staircases. The downstairs was composed of many rooms that were meant for education and other programs in the temple. The upstairs was the main temple of the believers. The upstairs was an empty hall that had no furniture. However, the floor was covered with a mat. Inside this temple, there were idols that were decorated differently. The middle idol was the most decorated while the three on each of the sides were less decorated. The believers were seated on these mats with their legs folded and their hands laying on their laps. Most people in this service were middle class and the high class. Their ethnic group was mainly Indian, and their gender was composed of both males and females. Their age s were varied from approximately 3years to 70 years old. I went upstairs to the service because that was the location of the temple. On this Sunday, the people had attended the service for prayer. On the way they pray, before we entered the temple, the people should put something yellow on their forehead and wipe their heads a little of