Position paper Essay Example | Topics and Well Written Essays - 1000 words - 4

Position paper - Essay Example The existing lease accounting model is inconsistent in nature. Leasing is regarded as the most preferred financing option for the entities or the organizations. The leasing technique adopted in accordance with the existing technique in the past has caused various problems and differences in presentation of the financial statement of the entity. Therefore in order to overcome the limitations of the accounting standard in relation to the leasing, new proposed International Accounting Standard is formulated or introduced. According to the International Accounting Standard 17lease will not distinguish between the operating and the financial leases. The limitations or the challenges faced by the company in applying the accounting standard as per the International Accounting Standard and the FASB affected large number of companies or the industries entering into the lease agreement. In response to the criticism faced by the organization or entity for recognizing the operating and financial lease on the balance sheet of the concerned organization or entity, the standards are revised. The existing standard failed to meet the needs and requirement of the users of the financial statement. It fails to provide a faithful representation of the financial and operating leasing transactions. In order to overcome and face the criticisms the Standards in 2006 initiated a joint project for improvement and development of the financial reporting on the leasing activities of the organization under the International Accounting Standard Board and the US GAAP (Walton, 2011). The boards have decided to improve the approach for recognizing the asset and liabilities and the obligations created by the lease activities of the entity. The main objective of improvement or introducing revised accounting standard is that the company must be able to recognize the asset and liabilities arising from a lease. This initiative will

Trouble Relating to Women Assignment Example | Topics and Well Written Essays - 250 words

Trouble Relating to Women - Assignment Example The Lilly Ledbetter fair pay act is the core subject of analysis in the ad and the position of the presidential candidate (Mitt Romney) on the subject being the topic. According to the Act, the employers would be allowed to deny coverage for birth control for women thus posing an implication on the women’s reproductive health (Cimpl-Wiemer, 2008). The ad appeals to the target by enabling them understand the position of the candidates with respect to the sensitive issue of fair pay and reproductive health of the women. At the time of the development of the ad, a presidential election campaign was in progress in the United States; thus, the issues affecting the American citizens were common discussion points. The Lilly Ledbetter fair pay act was one of the critical issues affecting the Americans, as they wanted an understanding of the position of the future government on wedges and reproductive health of women. The ad seizes the fact that Mitt Romney does not take a position on the debate thus questioning his understanding on the implication of the matter. This could significantly influence the support of the candidate (Mitt Romney) as the Lilly Ledbetter fair pay act had a lot of impact for