Keynesian Economics Essays (1689 words) - Keynesian Economics

Keynesian Economics Macroeconomics, part of financial aspects worried about the total, or by and large, economy. Macroeconomics manages financial factors, for example, all out national yield and pay, joblessness, equalization of installments, and the pace of swelling. It is particular from microeconomics, which is the investigation of the structure of yield, for example, the flexibly and interest for singular merchandise and enterprises, the manner in which they are exchanged markets, and the example of their relative costs. At the premise of macroeconomics is a comprehension of what comprises national yield, or national salary, and the related idea of gross national item (GNP). The GNP is the all out estimation of products and enterprises delivered in an economy during a given timeframe, normally a year. The proportion of what a nation's monetary movement delivers at long last is called last interest. The primary determinants of definite interest are utilization (individual consumption on things, for example, food, apparel, apparatuses, and vehicles), venture (spending by organizations on things, for example, new offices and hardware), government spending, and net fares (sends out short imports). Macroeconomic hypothesis is to a great extent worried about what decides the size of GNP, its soundness, and its relationship to factors, for example, joblessness and expansion. The size of a nation's expected GNP at any second in time relies upon its elements of creation work and capital-and its innovation. After some time the nation's work power, capital stock, and innovation will change, and the assurance of since a long time ago run changes in a nation's beneficial potential is the topic of one part of macroeconomic hypothesis known as development hypothesis. The investigation of macroeconomics is moderately new, by and large start with the thoughts of British business analyst John Maynard Keynes during the 1930s. Keynes' thoughts changed speculation in a few regions of macroeconomics, including joblessness, cash flexibly, and swelling. Keynesian Theory and Unemployment Joblessness causes a lot of social pain and worry; thus, the causes and results of joblessness have gotten the most consideration in macroeconomic hypothesis. Until the distribution in 1936 of The General Theory of Employment, Interest and Money by Keynes, huge scope joblessness was for the most part clarified as far as unbending nature in the work showcase that kept wages from tumbling to a level at which the work market would be in balance. Harmony would be arrived at when pressure from individuals from the work power looking for work had offered down the compensation to where either some dropped out of the work advertise (the gracefully of work fell) or firms got ready to take on more work given that the lower wage expanded the gainfulness of recruiting more laborers (request expanded). Assuming, be that as it may, some unbending nature kept wages from tumbling to where flexibly and interest for work were at balance, at that point joblessness could persevere. Such an obstruction c ould be, for instance, worker's organization activity to keep up least wages or the lowest pay permitted by law enactment. Keynes' significant advancement was to contend that tireless joblessness may be brought about by an insufficiency sought after for creation or administrations, as opposed to by a disequilibrium in the work showcase. Such an insufficiency of interest could be clarified by a disappointment of arranged (expected) speculation to coordinate arranged (proposed) reserve funds. Investment funds comprise a spillage in the round stream by which the wages earned over the span of creating merchandise or administrations are moved go into interest for different products and ventures. A spillage in the roundabout progression of wages would will in general diminish the degree of complete interest. Genuine venture, known as capital development (the creation of machines, manufacturing plants, lodging, etc), has the contrary impact it is an infusion into the round stream relating pay to yield and will in general raise the degree of interest. In the prior traditional models of joblessness, for example, the one depicted above, inadequacy of interest in the total market for products and enterprises (referred to by the short-hand term as the merchandise showcase) was precluded. It was accepted that any error between arranged reserve funds and arranged venture would be wiped out by changes in the pace of intrigue. Consequently, for instance, whenever arranged reserve funds surpassed arranged speculation, the pace of premium would fall, which would decrease the gracefully of investment funds and, simultaneously, increment the craving of organizations to acquire cash to put resources into machines, structures, etc.

Philosophy Paper on Minority Report free essay sample

Minority Report As In the film quote you dont picked the things you have confidence in, they pick you the statement fundamentally says that we dont pick acceptable behavior on circumstances its confidence who picks what and how we act, additionally the film expresses that confidence can be changed with the correct activities which are reliant on us for instance from the film When John went to murder Leo as his confidence was appeared In forecast of things to come and still he figure out how to change his confidence by the manner in which he responded towards the situation.From the film we can take the model that confidence can be changed and our activities composes what's to come. Likewise for opportunity when John goes to meet Dry. Iris Hellman she cites Its interesting how all living beings are similar when the chip are down, when the weight Is on, each animal on the substance of the Earth Is Interested In a certain something and one thing just, Its own endurance. We will compose a custom exposition test on Reasoning Paper on Minority Report or then again any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Over the long haul each man for him self, saying can be utilized. Cause each man thinks for himself when the weight is on. Furthermore, opportunity I think we dont get a lot of opportunity on the grounds that from the day we are conceived, we have our folks instructing us and what not to do, similar to we are not free for our decision that in the event that we need to go to class or not its not our decision it is the thing that our folks needs obviously they need their youngsters to be fruitful throughout everyday life so individuals in the general public acknowledge them for what they are.In the film freewill is demonstrated that the individual have his approach to pick on the best way to respond to deferent circumstances like for John it was to demonstrate his guiltlessness he was looking for answers yet after he became more acquainted with about Leo that he killed his child he acted with irate towards him and it was appeared to him about his confidence that he will submit ruder ye t at long last he controls himself and doesn't let outrage assume control over him as a result of his activities he should endure the outcomes and he needed to demonstrate that he can change his confidence and the expectation of the future.The end is that opportunity and freewill are at some point impossible for person, I mean some of the time the individual have there freewill and opportunity however not generally, there is consistently somebody or the other to them what they need to do and how they need to do. Theory Paper on Minority Report By cameraman As in the film quote you dont picked the things you put stock in, they pick you the went to slaughter Leo as his confidence was appeared in expectation of things to come and still he oversee Also for opportunity when John goes to meet Dry.Iris Hangman she cites Its interesting how all living beings are indistinguishable when the chip are down, when the weight is on, each animal on the essence of the Earth is keen on a certain some thing and one thing just, Its own Survival.

Blog Archive Begin Your Essays with Your Strongest Accomplishments and Enliven Them with the Active Voice

Blog Archive Begin Your Essays with Your Strongest Accomplishments and Enliven Them with the Active Voice When preparing personal statements that require significant information about career progress, many MBA applicants choose to discuss their accomplishments in chronological order. Although the simplicity of this approach makes it appealing, we encourage you to consider another way of showcasing your more recent and therefore potentially stronger accomplishments first. By taking this approach instead, you may capture your reader’s imagination more quickly and reduce the risk of being lost amid similar candidates. Consider these examples: (1) a software analyst who is now a project manager managing a budget and leading a team of 20 programmers and (2) an investment banking analyst now in their third year with a company who has been sent abroad to work directly with a CFO. The Project Manager Chronological:  â€œJoining ABC Technology as a software programmer, I…” Reverse:  â€œScrutinizing my plan one last time, I waited to present my team’s $3.7M proposal to our client…” The Investment Banker Chronological:  â€œAs an investment banking analyst at Deutsche Bank, I started…” Reverse:  â€œArriving in Taipei, I was admittedly nervous to finally meet the CFO of XYZ Co. and lead my firm’s due diligence process…” In these reverse examples, the candidates immediately present their standout accomplishments and thrust the reader into the excitement of their stories. Although this kind of introduction is not applicable in all cases, it can be a feasible option in many. Still, in choosing this approach, candidates must be able to fluidly return to earlier moments in their career later in the essayâ€"a task that requires creativity and skill. Another task that requires skill is determining when to use the active voice. Many writers use the passive voice in their essays, but the best writers know it should be used only sparingly, if ever. The passive voice puts the verb in the “wrong” place in the sentence, thereby removing the “action.” Subjects become  acted upon  rather than  performing  actions. Sentences with the passive voice typically include verb phrases such as “was” or “has been” (e.g., “it was determined,” “the project has been completed”). Consider this example of the passive voice: “The marathon was run despite my injury.” In this sentence, the verb (or action) is diminished because the writer says the marathon “was run.” A better way of describing the same activity is to use the active voice, as illustrated in this example: “I ran the marathon despite my injury.” Here are two more examples: Passive:  â€œThe contract was awarded to us.” Active:  â€œWe won the contract.” Passive:  â€œIt was decided that I would be in charge of the project.” Active:  â€œMy boss selected me to be in charge of the project.” Rememberâ€"you are the center and subject of your essays. The best way to tell your stories and explain your accomplishments is to make sure that you are the catalyst of the stories you tell. Using the active voice ensures that the admissions committee(s) will see you as an active person who makes things happen. Share ThisTweet Essays

Ralph Waldo Emerson Quotes

Character ArtArt is the path of the creator to his work. ChallengeAs long as a man stands in his own way, everything seems to be in his way. BeliefBelief consists in accepting the affirmations of the soul; unbelief in denying them. CharacterCharacter is higher than intellect. A great soul will be strong to live as well to think. ArtClassic art was the art of necessity: modern romantic art bears the stamp of caprice and chance. CommitmentConcentration is the secret of strength in politics, in war, in trade, in short in all management of human affairs. AttitudeCoolness and absence of heat and haste indicate fine qualities. AdventureDo not go where the path may lead, go instead where there is no path and leave a trail. CharacterEach man takes care that his neighbor shall not cheat him. But a day comes when he begins to care that he does not cheat his neighbor. Then all goes well - he has changed his market-cart into a chariot of the sun. ConfidenceEvery man has his own courage, and is betrayed because he seeks in himself the courage of other people. AmbitionHitch your wagon to a star. CharacterIf you would lift me up you must be on higher ground. CharacterIf you would not be known to do anything, never do it. ChallengeIt was high counsel that I once heard given to a young person: Always do what you are afraid to do. CharacterJudge of your natural character by what you do in your dreams. CharacterMake the most of yourself, for that is all there is of you. CharacterNo change of circumstances can repair a defect of character. AmbitionNo one can cheat you out of ultimate success but yourself. CalmnessNothing can bring you peace but yourself; nothing, but the triumph of principles. CalmnessPeace cannot be achieved through violence, it can only be attained through understanding. BeliefSelf-trust is the essence of heroism. ConfidenceSelf-trust is the first secret of success. BirthdaySo much of our time is preparation, so much is routine, and so much retrospect, that the path of each mans genius contracts itself to a very few hours. AdventureThe invariable mark of wisdom is to see the miraculous in the common. ArtThe sower may mistake and sow his peas crookedly; the peas make no mistake, but come up and show his line. AttitudeThis time like all times is a very good one if we but know what to do with it AttitudeTo be yourself in a world that is constantly trying to make you something else is the greatest accomplishment. BeliefTo believe your own thought, to believe that what is true for you in our private heart is for all men - that is genius. AttitudeTo different minds, the same world is a hell, and a heaven. AmbitionWe aim above the mark to hit the mark. AttitudeWhat lies behind us and what lies before us are tiny matters compared to what lies within us. CharacterWhat you do speaks so loud that I cannot hear what you say. ActionWhat you do speaks so loudly that I cannot hear what you say CommunicationWho you are is speaking so loudly that I cant hear what youre saying. CharacterWho you are speaks so loudly I cant hear what youre saying. AmbitionWithout ambition one starts nothing. Without work one finishes nothing. The prize will not be sent to you. You have to win it. CommitmentYou cannot do a kindness too soon, for you never know how soon it will be too late. AttitudeYour own mind is a sacred enclosure into which nothing harmful can enter except by your permission.

Syrian Refugees Crisis And The Syrian Refugee Crisis Essay

Latifa HassanJan Syrian Refugee University of Kansas On September of 2015, the image of 3-year-old Aylan Kurdi went viral. â€Å"The toddler’s lifeless body on a Turkish beach had reverberated across the globe† (Parkinson George-Cosh, 2015). Aylan’s family had â€Å"fled the brutal civil war in their native Syria and only attempted the boat crossing after Canada denied their application of admission as refugees. The image led to an astonishing outpouring of support for Syrian refugees† (Hein Niazi, 2016). In this paper I will discuss about the Syrian refugees Crisis, the characteristics of the of Syrian refuges crisis, how similar or different it the Syrian refugee crisis is from other refugee crisis, how Syrian refugee crisis affects individuals, families, and communities, what relevant research exists on the Syrian refugee crisis, and what key strategies have been known to be useful in this crisis, how one promote resilience in this crisis and how the social workers personal value affect him/her in addre ssing this crisis. Cause/Characteristics Syria’s civil war is the worst humanitarian crisis of modern time. The â€Å"Syrian Civil war Began in March of 2011, between rebel brigades and government force; economy and infrastructure is destroyed† (Library, 2016). â€Å"Divisions between secular and religious fighters, and between ethnic groups, continue to complicate the politics of the conflict† (Corps, 2016). Additionally, the Syrian civil war has taken a significantShow MoreRelatedThe Syrian Refugee Crisis For Syrian Refugees2434 Words   |  10 Pages The Syrian Refugee Crisis Whether or not the United States should be admitting more Syrian refugees into the country is a constant debate among people. Syrian refugee lives are just as important as American citizens lives and for this reason, the United States has a responsibility to help. The U.S. is one of the wealthiest countries in the world and can contribute by providing sizable financial, humanitarian, and medical aid for Syrian refugees. While Lebanon, Turkey, Jordan, Iraq, andRead MoreSyrian Refugee Crisis : Syria Essay945 Words   |  4 PagesSyrian refugee crisis During recent years, Syrian refugee crisis gradually became one of the major issues in the worldwide. On the evening of 13 November 2015, a series of terrorist attacks occurred in Paris. The attacks caused 129 deaths. According to the Washington post â€Å"A key bit of evidence that emerged in the investigation of the Paris terror attacks, which saw at least 129 people killed on Friday, is a supposed Syrian passport found near the body of one of the slain assailants. It bore theRead MoreApplication Of Admission As Refugees Essay1359 Words   |  6 Pagesdenied their application of admission as refugees. The image led to an astonishing outpouring of support for Syrian refugees† (Hein Niazi, 2016). President accepted 10,000 Syrian refugees.† (Hein Niazi, 2016). But â€Å"In the US, the governors of 31 of 50 states issued orders to prevent the resettlement of Syrian refugees and by a vote of 289 to 137 the US House of Representatives approved legislation to ban the ad missions of all Syrian and Iraqi refugees† (Hein Niazi, 2016). â€Å"Kansas is amongRead MoreThe Right Of Refugees From The Syrian Civil War1590 Words   |  7 PagesThe right of refugees to be granted refuge in another country has been a major human rights issue of our time. A refugee, according to international refugee law, is â€Å"all of those who flee persecution on the basis of religion, race, nationality, political opinion, or membership in a particular social group† (Goldenziel 2). In this particular case I will examine how Syrian refugees have faced persecution as a result of generalized violence from the Syrian Civil War. This is the worst humanitarianRead MoreThe Hysteria Of The Salem Witch Trials1366 Words   |  6 PagesSyria, and a mounting war on terrorism, in the United States. Syrians are fleeing their country because of the impending civil war, of 4 years, between those loyal to President Bashar al-Assad and those who oppose him, the rebels. Accepting refugees from war torn countries has always been something the United States has done, even if it caused some controversy. However, there has never been more controversy on whether or not to accept refugees from Syria. This is because of the terrorist groups in SyriaRead MoreThe War Is Tearing The Country Of Syria Apart1074 Words   |  5 Pagesthe conflict - BBC News). More than four million refugees fled to these lands and thousands more fled to other countries. Now in 2015 the refugee count is up to over 4,000,000 refugees along with more refugees crossing in European Union member states (Rogers, Syria: The story of the conflict - BBC News). Now these European countries face the issue of holding more population than the government was designed to provide for. The crisis of the refugees is also beginning to spread to the United StatesRead MoreRefugee Crisis Is The Country Of Hopes And Dreams1232 Words   |  5 Pagesand refugees of multiple nationalities and backgrounds to live up to their famous nickname. However; why should we stop accep ting refugees now? Even though many Americans assume accepting refugees will ruin our country, we should accept Syrian refugees into the United States because the Refugee Crisis is a serious problem, accepting refugees is an act of Congress, and helping refugees is the humane thing to do. The first reason the United States should accept refugees is because the Syrian RefugeeRead MoreThe Refugee Crisis And The Arab Spring1371 Words   |  6 PagesThe Refugee Crisis Nothing ever stays in the place it stars; everything has a habit of spreading. Throughout history, problems rarely ended in the places they started. Like the plague, Ebola, WWI/II, communism, the Arab spring, and now the Syrian crisis. The Arab Spring was a series of anti-government protests, uprisings, and armed rebellions that spread across the Middle East in early 2011. The Arab spring protest against al-Assad’s Syrian government in the spring of 2011 evolved into an armed conflictRead MorePost Traumatic Stress Disorder And The Syrian Civil War1631 Words   |  7 PagesWhen photographs were published of Aylan Kurdi, a three-year-old Syrian refugee who drowned with his mother and older brother off the coast of Turkey, much of the world caught a first-time glimpse into the Syrian refugee crisis, a vast humanitarian emergency and byproduct of the Syrian Civil War that continues to this day. A year later, video emerged of Omran Daqneesh, a five-year old boy shown sitting in th e back of an ambulance, covered in dust and seemingly in shock, blood caked to the side ofRead MoreSyrian Refugees Essay1021 Words   |  5 PagesCurrent Event Syrian Refugee Crisis The Syrian refugee crisis has become the worst humanitarian crisis in the world today. Currently, more than 12 million people are affected by the ongoing conflict happening in Syria. For the sake of comparison, the amount of people affected by both hurricane Katrina and the Haiti Earthquake, only totals to 5.2 million people (World Vision staff, 2015). These tragedies both hail in comparison to what his happening in Syria today. Ethical Issue The current

Domestic Violence And Its Effects On Society - 1859 Words

Unnecessary Roughness: when 15 hours of community service or minimal fines aren’t enough An epidemic is sweeping through America unacknowledged. It’s not contagious, but rampant in all communities. It is not Ebola, Sars or Influenza yet, it is still a silent predator lurking secretly behind closed doors. Domestic violence kills. The facts are startling; one in every four women will experience domestic violence in her lifetime, and those are just the cases that are reported. In the past weeks, America’s eye has been fixated on the NFL and the Capital Justice Departments prosecution of Adrian Peterson, Ray Rice and Greg Hardy. They were all indicted on allegations of domestic violence and abuse. Each year, another stack of players are arrested, or â€Å"caught† with a history of domestic violence, abuse and/or animal cruelty charges. The NFL’s reaction is typically reactive and falls short of transmitting a message of concern for the victims. Moreov er, the NFL and Americans have opted to sensationalize Peterson, Rice and Hardy as isolated poster-boys for domestic violence, rather than reflect and appreciate that this is a larger socio-cultural problem. NFL players have a staggering crime rate when compared with other professional team leagues . Since 2000, there have been 767 NFL player arrests, mostly DUI related . Most of these cases superficially appear minor, when alcohol is in â€Å"play, so too is the likelihood for violence. While girlfriends, wives and children receiveShow MoreRelatedDomestic Violence And Its Effects On Society1745 Words   |  7 Pages Domestic Violence in Literature Domestic violence entails transgressions that tend to exhibit regular occurrence worldwide. Domestic violence is substantially attributable to the psychological, physical, mental, and sexual forms of suffering or anguish. Domestic violence further refers to the family violence or spousal abuse that defines the evident pattern of violent behaviors executed by one spouse to the other in the close affiliations that include courtships, matrimony, family, or individualsRead MoreDomestic Violence And Its Effects On Society1204 Words   |  5 Pages a.INTRODUCTION Domestic violence is defined as a violent behavior or an act of abuse between couples in the home. It is called family violence. Usually most women are harmed and the witnesses of this violence are also effected. This abuse is frowned upon in todays society. In Chile domestic violence wasn t taken seriously because of the cultural norm which was that men controlled the women. There are many treatments for the abuse but they are only focused on the victim; the one committing theRead MoreDomestic Violence And Its Effects On Society1649 Words   |  7 PagesIn America most cases of Domestic Violence are never actually reported, many times these cases go unheard and the victims suffer in silence. The worn out cries of a battered woman as she lays on the ground clutching herself and begging her significant other to just stop. The bruises and cuts that remain unreported due to the victim claiming they accidentally fell yet again. The abusers tend to make the victim almost entirely depend able on them. An abuser will do this to gain control and to createRead MoreDomestic Violence And Its Effects On Society869 Words   |  4 Pagesimbalance of neurotransmitters can impact an individual’s development and overall self-image. Equally, an individual’s experience with domestic violence and its horrific ramifications can also impact a person’s psychological, emotional, physical, and social growth. Domestic Violence Domestic violence, is a virulent calamity that has woven its way into our society for thousands of years. It is not biased to a particular race, group, or culture. Grievously, it has an everlasting negative impact onRead MoreDomestic Violence And Its Effects On Society904 Words   |  4 Pagesout of every four women will go through domestic violence situations in life. (safehorizon.com) Domestic violence is aggressive behavior towards someone else at home or in a relationship. This can happen at home between spouses/partners or parents and children. Domestic violence should be given more acknowledgment in the media and in classrooms so that people are aware of what is happening. If we do not continue to advocate for victims and educate society, victims will continue to suffer physicallyRead MoreDomestic Violence And Its Effects On Society2241 Words   |  9 PagesDomestic violence, a highly prevalent, almost authorized, legally penalized, almost always hidden heinous crime, has be en a matter of concern in many countries. More so in India, as every 2 in 5 women face domestic violence in India and about once every five minutes an incident of domestic violence is reported in India, under its legal definition of cruelty by husband or his relatives. Although it is gender neutral, domestic violence is usually perpetrated against women and hence it becomes essentialRead MoreDomestic Violence And Its Effects On Society1360 Words   |  6 Pagesissue of domestic violence. Defined by domesticviolence.org (2012) as a behavior â€Å"used by one person in a relationship to control the other†, domestic violence can be physical, emotional, sexual, verbal, or even financial. Although the issue of abusers being punished is a significant one, it must be realized that there are victims, and those victims need help. Some countries have no concern or sympathy for victims, as more than twenty countries have no laws against abuse (Domestic Violence in DevelopingRead MoreD omestic Violence And Its Effects On Society1431 Words   |  6 PagesDomestic violence is that dark little secret kept by your neighbor, your friend, your family member, or even yourself. It touches the lives of men, women, and children in every ethnic and economic group on the face of the earth. In order to stem the tide of this egregious and infectious behavior we cannot consider it solely a women’s issue. It is as much a men’s issue as it is a women’s issue, maybe more so, and can only be effectively addressed if we enlist and encourage the help of familyRead MoreDomestic Violence And Its Effects On Society1720 Words   |  7 PagesTo date, although domestic violence has been researched, the law remains a constraint to victims’ growth and stability. The laws and programs provided in today’s society are limited and affect the victims exit from domestic violence relationships. Further research could propel an initiation of better-developed laws and programs and cause a great impact in how victims respond to domestic violence. Few studies have researched how successful domestic violence victims have been with the legal processRead MoreDomestic Violence And Its Effects On The Society Essay1699 Words   |  7 PagesIntroduction Domestic violence is not is not just physical abuse, but is any behavior that is intended to control another person through the use of verbal assaults (*cite*) A huge social issue throughout the world today. Domestic violence is not only limited to spousal abuse but also includes sibling abuse, elder abuse and child abuse. Domestic violence may also be known as family violence, wife or child beating and domestic abuse. (cite) Domestic Violence s a very important social issue throughout

Uniform accounting standards free essay sample

In order to answer this question one must first identify what the phrases â€Å"accounting standards† and â€Å"financial reporting† refer to. Accounting standards refer to the accounting methods used in an accounting system like the IFRS. Financial reporting refers to the representation of financial information, in order to be uniform the financial reporting must be based on a fixed set of rules, invole complete objectivity and no bias. The IFRS (International financial reporting standards) has indeed helped the uniformity of financial reporting. However, in some cases due to subjectivity involved, created by human judgment, the financial information reported may not be uniform. Furthermore the various methods permitted by the IFRS for the valuation of assets, inventory, and other components, create non-uniform financial reports. Uniform accounting standards are vital for uniform financial reporting as they specify the accounting methods used to interpret business transactions, this in turn creates an agreement on how commercial transactions are to be accounted for thereby creating uniform financial reporting. For example, the IFRS states that assets are to be recorded at the lower of their historical cost or net realizable value on the statement of financial position as a result all assets are reported in a uniform way. There are many other cases that lead to uniform financial reporting, but the main point is the standard rules implemented by the IFRS lead to a uniform way of reporting certain financial information. However there are some aspects of uniform accounting standards that can lead to non-uniform financial reporting. In the case of the IFRS there are some aspects involved that rely heavily on human judgment. This subjective element can lead to varying financial reporting. For example the calculation of fair value is a highly subjective process. Especially for intangible assets like pension costs and share based payments, in both cases their respective fair values will be determined by hypothesizing what a market price would be if there were a market. Though these judgments are based on a large amount of quantitative data there is a large degree of human judgment involved. Similarly when it comes to depreciating an asset a firm has many options, which as will be discussed later pose other problem, under the IFRS an entity can be depreciated by several methods examples being the straight line and the reducing balance methods. The method chosen depends on the person’s perception of how the value of an asset depreciates over time thus creating a subjective aspect. It is worth mentioning however that this subjective component is crucial in capturing the realistic changes in value of an asset. If there were a rule stating that the only method allowed was the straight line though uniformity would be created across financial reporting a degree of realism would be removed for example a piece of agricultural land could degrade exponentially each year suggesting that an alternative method would be more accurate in capturing the value over time. Another problem associated with the IFRS, in relation to uniform financial reporting, is that there are many methods one can use to present financial information. For example under the IFRS companies can employ one of three cost formulas when reporting inventory expenses, specific identification, first in first out, or weighed average cost. Depending on what cost method is used inventory will be reported differently. Firms in many cases take advantage of this flexibility by employing the cost method that reports the cost of inventory at its lowest value thereby increasing profit. This flexibility hampers uniform financial reporting . However the IFRS has enforced other rules that counter the flexibility of others. In the case of costing inventory though the firm has three options to choose from under the IFRS (IAS 2. 26)†an entity must use the same cost formula for all inventories having a similar nature and use to the entity. That is, a multinational company must use a consistent inventory policy election for each class of inventory in all of its worldwide subsidiaries†. Furthermore other accounting systems like the US GAAP allow an additional method of costing inventory (last in last out), which creates even more flexibility and also do not provide any rules like IAS 2. 26 to counter such flexibility. Another important point is that certain firms may employ creative accounting to take advantage of the subjective component as well as the flexibility provided by the IFRS to manipulate certain financial information. This produces non uniform financial reporting, however the use of auditors can be used to hinder this aspect as auditors will present a non bias report of the financial data. In conclusion uniform accounting standards in the context of the IFRS do, to a certain extent, produce uniform financial reporting as they specify the accounting methods used to interpret business transactions, which lead to agreement on how commercial transactions are to be accounted. However in some cases these rules involve a subjective component, which can lead to non-uniformity because different people may have different perceptions of a certain accounting aspect like the fair value of an asset. In my opinion however in the context of the IFRS this subjective element does not lead to a great amount of non-uniformity due to the constant revaluations of components such as the fair value of assets. Furthermore the subjective decisions are based on large amounts of relevant data, which lead to fairly uniform reporting. In the case of the IFRS firms, which use creative accounting to manipulate their accounting information thereby creating non uniform reporting can be hindered by the use of auditors. Finally the various accounting methods permitted by the IFRS though lead to non-uniform financial reporting are opposed by other rules such as the IAS 2. 26. Once again firms that employ creative accounting to take advantage of the flexibility created by the IFRS are hindered through auditors. Therefore I believe that the IFRS does indeed produce uniform financial reporting.