Couse work Coursework Example | Topics and Well Written Essays - 1750 words

Couse work - Coursework Example From this point, the accounting institutions embarked on seeking an alternative to different accounting principles they had already developed, by generating alternative procedures, which were superior to the others. This move was sparked by the desire for good accounts for the companies that were growing during this period, and the higher desire for uniformity in accounting procedures (Baxter, 1979 n.p.). This move was emulated by the Institute of Chartered Accountants in England and Wales immediately after the end of World War II, and eventually many other countries followed. Although it did not initially start as a mandatory move, there was a high recommendation for companies to apply the generated standardized accounting procedures, without seeking the consent of such companies. The accounting bodies majorly depended on the loyalty of the members, to comply with the standards, since there was little they could do to enforce these standards to the companies and other bodies that we re not willing to adhere to them (Baxter, 1979 n.p.). ... Thus, in Baxter’s view, accounting standards entail; accountants showing what they are doing, enhancing the uniformity of accounts presentation layout, providing the basis of accounting for some economic phenomena and making essential disclosures (Baxter, 1979 n.p.). Task B: The extent to which Baxter’s views have influenced the development of a conceptual framework for accounting In Baxter’s view, there are four major factors that form the subject matter of accounting standards. First, the accountant must be able to inform others what he/she is doing, to the stakeholders who may not possess the accounting knowledge, through the published reports, which clearly indicates the policies and procedures followed to arrive at the final financial statements (Baxter, 1979 n.p.). Secondly, the accounting standards enhances the standardization and creation of a uniformity in the layout and presentation of accounts, making it possible to compare the account information of o ne institution to that of the other, while also enabling the evaluation of the accounts for the basis of taxation. With a uniform layout of institutional accounts, it is possible to determine the revenues and the expenditures incurred by the institutions, while understanding the accounting and taxation policies applicable. Thirdly, Baxter presents a view that another subject matter of accounting standards is disclosure (Baxter, 1979 n.p.). This, according to him, entails the revelation into particular details of certain accounting aspects, where the reader of the final results is expected to make their own judgments. One such component that calls for disclosure is depreciation, which is an element that seeks the percentage change in value of an asset over time, in terms of the diminishing asset

Personal statement Essay Example | Topics and Well Written Essays - 750 words - 7

Personal statement - Essay Example The future belongs to mobile devices and wireless network technologies, the earlier we equip ourselves for future, the better. My experience so far has taught me that everything is interconnected; there is no more the time of specialization. What I mean from this argument is that Steve Jobs studied calligraphy when he had no idea that he would be using his calligraphy in programming languages, there was something about the mathematics and the geometry of it that helped Jobs incorporate it in his computer topology and he admits that without that necessary knowledge he would not have been able to write operating systems in his own company NeXT. I have always been curious about how to relate operating systems (the software) with the hardware, there is something that captivates me how the software, an intangible thing, can run a hardware, much like the soul operating the human body. Learning should be easy when taught in a meaningful and productive way, plus when there are aspirations and expectations after the study program that one will be able to pursue his or her life passion without worrying about finances; this is nothing short of a blessing. I want to build a career in Networking and want to become a part of a well-known tech company like Google, Apple or Xbox. And for that I need my subjects carefully added to my curriculum vita so that my portfolio becomes hard to ignore for these companies. I have chosen this subject because at Birmingham City University, embedded systems and well equipped laboratories are used to create real-time systems, this includes specialist hardware training. It is required that development software and programmes should be updated, because each day the tech industry is becoming more and more competitive. Industry-standard software development and simulation tools are necessary for this type of knowledge, old programming knowledge is no good and when one desires a job in popular software companies then one needs to be on top