Computers, Cell Phones, Security Cameras, And Cars Are

Computers, cell phones, security cameras, and cars are all amazing features that the worlds equipped with to make human lives much easier. However, the inevitable and unfortunate event of a technology failure can cause havoc on many people, but a car computer crashing can become much worse in fact, deadly. Alicia Prince states in her article â€Å"Errors like this cause annoyance on our computers and mobile devices, but could potentially cause car accidents with self-driving cars.† (2016) Human drivers can cause many errors resulting in traffic deaths every year and the self-driving amenities calls for a completely safe and secure way of mobility, although nothing starts out perfect. Autonomous car manufactures must design, create, and explore†¦show more content†¦In time, all vehicles on the road will have the self-driving capabilities ensuring a 100% safety rate for everyone. In a world where every vehicle drives itself the possibilities are endless. Stop lights, st op signs, and even speed limits will become a thing of the past. Every vehicle on the road will be able to communicate with each other to configure direction and speed. If vehicles could talk to each other then they would know exactly what the other car will be doing before the car even does it, causing stop signs and traffic lights to go extinct. Speed limits may be compromised as the vehicles will know what will be ahead and behind of them at every second and will be ready to make their turn or exit at ease. Road rage will come to its demise as human drivers will be able to comfortable sit back and enjoy their morning commute to work with a warm, sweet smelling, delightful cup of coffee. Transpiration will become a stress free, on time, and safely way of mobility. Refutation Autonomous cares will be the most luxury and convenient cars to date. however, if the car can perform simple task like driving and parking itself than many important jobs may be sacrificed. Taxi, Uber, Lift and many other driving companies will eventually meet their demise as demand for drivers will be no more. In many instances people take a taxi or personal driver to special events or even just to the airport, withShow MoreRelatedTechnology in the Security Field1268 Words   |  6 Pagesthe Security Field 7/23/2012 SEC/360 Technology in the Security Field Security and safety is the most important aspects in a security setting. The techniques that officers use to ensure security and safety are enhancing through the advancements in technology. Changes have been significant from the time before computers and the current status of high-tech computers and other technology. The changes have brought both positive and negative effects to security settings;Read MoreVarious Social Impacts of Cell Phones2048 Words   |  8 Pagesï » ¿Cell Phone and Its Various Social Impacts Present day information era has given lots of freedoms to the citizens, which was not probable without the arrival of this age. The users of Information Systems have willingly available information, for example, full Encyclopedia Britannica in one CD with all types of sÐ µarch fÐ µaturÐ µs is availablÐ µ, pointing towards corrÐ µct information within thÐ µ right timÐ µ. Picture doing this with the book version of the Encyclopedia, sieving through several pagÐ µs lookingRead MoreCellphones and effects on society1268 Words   |  6 Pagesadvances every day and surely cellular phones are revolutionizing the XXI Century. New mobile devices contain most of the functions of a computer, better known as smart phones. They also give you the opportunity to stay in touch with whom you wish to and also you can take pictures, listen to music, and most significantly, it connects you with the rest of the world through the network. But have you ever stopped and think, how much time you spe nd using your phone, and how so often you check it? And withoutRead MoreMy First Self Driving Car1675 Words   |  7 Pagesautonomous cars. Autonomous cars are robotic cars that are fully capable of driving humans around without human help. The very first self-driving car was created by Francis P. Houdina in 1925 and was tested in New York City. He called it â€Å"The Radio Controlled Driverless Car† but this car stayed as a prototype. In the 1980s, the first self-sufficient and truly autonomous cars finally revealed with the support of many universities along with the car company Mercedes-Benz. Now in 2016, both car and techRead MoreForms of a Frontier1179 Words   |  5 PagesCustomer Service | My Account | Bookstore | Donate | Our Web Sites | Site Features NewsForumsVideos Home News Electronics Gaming Toys Top Product Ratings: TVs | Digital Cameras | Computers | Cell Phones | Printers | Camcorders | Blu-ray DVD Players | MP3 Players Filter News By Topic Share on twitter Share on digg Share on facebook Share on email Share on stumbleupon Share on delicious Share on print | More Sharing ServicesMore GAMING TOYS SonyRead MoreMobile Phone Advantages And Disadvantages Essay1188 Words   |  5 PagesIntroduction A cell phone is a gadget in telecommunication that uses radio waves over a region of network. A cell station at a fixed location serves the purpose of connecting cellphones wireless transmission for calls, landlines, and internet access (Furht Ahson, 2016). The cellular phone identifies as a mobile application in the network structure comprising of SIM card and equipment assigning the telephone digits. The cellular phones are evolving, from the two- way radio to the current pocket-sizeRead MoreDisadvantages and Advantages of Handphone1563 Words   |  7 PagesHandphone also known as mobile phone or cell phone or smart phone, and is an electronic device used for mobile telecommunications (mobile telephony, text messaging or data transmission) over a cellular network of specialized base stations known as cell sites. Martin Cooper invented the handphone. He is a Motorola researcher and executive. Martin made the first call on a handheld mobile phone on April 3, 1973. Cells for handpho ne base stations were invented in 1947 by Bell Labs engineers. HandphonesRead MoreThe Problem Of Software Failures1094 Words   |  5 Pagesalready happened in past few years. There are many types of software failures, but the one I will discuss in my paper are the ones that affected the public. Another one software failure that is related to computer security. Third one is in the automobile industry. Last one is related to cell phones. All four incidents happened recently and we all became infected by software failures. At the end of it I will also discuss what companies need to do in order to be up and running 24 hours a day and 7 daysRead MoreThe Technology Has Become More Advance1770 Words   |  8 PagesIn todays world, our technology has become more advance. First thing that comes to mind when thinking of technology is computers, internet, machines and phones (AAAS, 2014). The Merriam-Webster dictionary defines technology as, â€Å"the use of science in industry, engineerin g, etc., to invent useful things or to solve problems†. Samuel Morse was credited with the creation and development of the morse code. According to Google, morse code is â€Å"an alphabet or code in which letters are represented by combinationsRead MoreThe Right to Privacy Essay1252 Words   |  6 Pagestheir way into landlines as you drive by them. Just driving by, without your on the phone, they can get all of your information. ~USA Today. â€Å"The National Security Agency is collecting less than 30 percent of all Americans call records because of an inability to keep pace with the explosion in cell phone use, according to current and former U.S. officials.† (Washington Post). We need to let the National Security Agency at least monitor us, 30% is not a lot at all. Out of 9 million Americans, 30%

Cybercrime And Its Effects On Society - 1239 Words

Abstract-This research explores the different forms of cybercrime and its effects on society when compared to several years ago. Moreover, it focuses on the changes that have been made to fight the rise of cybercrimes. With the advances in technology allowing society to stay interconnected online, criminals, both who is not an expert and experienced, have taken advantage of growing opportunities. By taking into consideration the dangers on this issue, it is important to take action and provide solutions that change the current situation. This paper explains the impact of cybercrime on society in different forms such as security, economy, and psychology. Thus giving us a better understanding of cybercrime and its effects. While at the same†¦show more content†¦They regularly crack computers for no criminal reason and they are sometimes even hired by organizations to test security. †¢ Insiders: As the name suggests, they often reside within a company and because great damage and make the things worst and these hackers are meant for higher risk. †¢ Advanced persistent threat Agents: They usually target companies/countries for business or political purpose. Their technical skills are in depth and can gain access to the greatest extent of computing resources and exploit vulnerabilities by using malware. So, law enforcement agencies are trying to resolve this problem, as cyberspace is growing rapidly as cybercrimes, then many people have become victims of hacking, identity theft, cyberstalking, cyber bullying, malware, Denial of service, masquerading, Computer intrusion, Social engineering etc. Hacking: It is a cybercrime which draws to unauthorized control/access over computer by breaking down. Hacking uses a variety of software for the destruction of the sensitive and personal data [1][2]. Identity theft: It is an act of acquiring and deceitfully utilizing passwords, account numbers or other individual or organization’s information for financial profit. In this action, the thief uses the data and commit fraud. Cyberstalking: It is a sort of online harassment where the victim is subjected to a flood of online messages and emails which create fear of use computer and the internet. If theyShow MoreRelatedCybercrime And Its Effect On Society776 Words   |  4 Pages I believe that cybercrime is an important and relevant subject in today’s modern society due to the increasing occurring. A topic that has particularly fascinated me is cybercrime and it evolvement among the youth in Ghana. As the youngest among a family of seven and the only male, growing up comes huge responsibilities in an African society. Separation of my parents in their early stage of marriage had a tone on all the children, which brought a delay in our academic life’s because of financialRead MoreThe Effects Of Cybercrime And Its Effects On Society1247 Words   |  5 PagesThe Effects of Cybercrime Did you know a study by Norton reveals that 65 % of internet users worldwide have fallen victim to cybercrimes like credit card fraud, computer viruses or identity theft. Countries that have been attacked the most is china with 83% of its people have been victims, Brazil and India with 76% and USA with 73% users have fallen victim to cybercrimes like credit card fraud, computer viruses and identity theft as seen in the table below. â€Å"Cybercrime is criminal activity or aRead MoreCybercrime And The Fight Against Cybercrime1227 Words   |  5 PagesIntroduction The modern society has experienced profound effects due to information systems which characterize almost all facets of individual and community life. Accordingly, a large amount of research has been dedicated to creating understanding about this phenomenon. Arguably, this may have overshadowed the debate on the ethical, social and legal issues that have accompanied the advent of information systems (Schell Martin, 2004). In particular, while many people are aware of cybercrime, very few understandRead MoreA Brief Look at Cybercrimes1869 Words   |  7 Pages1.0 INTRODUCTION To an act or any offence that threaten society and all act or the action can in connection the offence legal and people who do responsible accept fine sentence or jail. With other word meaning, criminal is anything that can give problem or hardship to others. Cybercrime is crime which involves all crime activity the usual carried out like theft, fraud, extortion and all activity which involves breach of law that is existing by using computer facility or more accurately more, byRead MoreCyber Threat, Its Scope And Its Impact On National Security991 Words   |  4 Pagesor destruction. This paper proposes a policy directed examination on cyber threat, its scope and its impact on national security. It includes a profile of cooperation among criminals, terrorists and hostile organizations and discusses future of cybercrime in 2020. In recent years, â€Å"Information warfare† a new way of terrorism has become the major concern for information security specialists; terrorists might tamper with computers and electronic devices to commit secured information based threats toRead MoreCybercrime Is Any Act Of Crime1740 Words   |  7 Pagesgrowth of society, technology has been a huge asset to many. Since the online world has been a place where we can share our intimate moments, pay bills, watch movies or even shop without leaving the comfort of our homes, it has also become a place where predators lurk and commit unwanted acts without leaving their homes either. Cybercrime is any act of crime committed online and is one were thousands of people fall victim too eve ry day. In the 2012 issue of police reported cybercrime in Canada itRead MoreIs Cybercrime A Type Of Crime That Is Committed Over The Internet?1206 Words   |  5 Pagesinformation, and even make a living through online businesses. When there are positive points, there are bound to be some negative ones, and that is Cybercrime. Cybercrime is a type of crime that is committed over the Internet using computers and networks; also known as Hacking. Cybercrimes are a major issue individual face in today s society; this is because the number of people using the Internet has grown rapidly over the last decade. Technology is available to everyone around this planet;Read MoreEssay on The Dark Side of the Internet1018 Words   |  5 Pagestool into a negative one. As such the negative side of the World Wide Web, cybercrime, has developed as just one of the major disadvantages with the internet. Cyber Crime itself is a broad term and can and does include any crime that is committed via the i nternet including seemingly minor acts as downloading music, to denial of service attacks(DoS), and to acts of cyber-terrorism. With the recently formed threat of cybercrime has also come inventive ways for law enforcement to attack and prevent itRead MoreCybercrime And The Healthcare Industry1582 Words   |  7 PagesA big concern in society and the healthcare industry, which is just as likely to be a victim as any other industry, is the growing number of attacks caused by cybercrime. Healthcare costs rise because of cyberattacks and there is an increase of safety concerns for patients, not to mention the Health Insurance Probability and Accountability Act (HIPAA) is violated. The effects of cybercrime can be damaging to all aspects of the healthcare industry, including but not limited to, consumers, healthcareRead MorePiracy And Its Effects On Online Piracy1630 Words   |  7 Pages â€Æ' IV. Piracy its Effects: Online piracy is another substantial type of a cybercrime. With rapid developments to technology, piracy has become easier and more widespread. Piracy, the act of pirating, is defined as the illegal reproduction, via copying or counterfeiting, of any type of work which includes: software, recordings, or even motion pictures. Although are many ways to pirate material, online piracy is most common. Online piracy uses the internet, and computer technology to illegally reproduce

Accounting conservatism and managerial risks - Myassignmenthelp.Com

Questions: 1. From your firms financial statement, list each item of equity and write your understanding of each item. Discuss any changes in each item of equity for your firm over the past year articulating the reasons for the change. 2. What is your firms tax expense in its latest financial statements? 3. Is this figure the same as the company tax rate times your firms accounting income? Explain why this is, or is not, the case for your firm. 4. Comment on deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been recorded. 5. Is there any current tax assets or income tax payable recorded by your company? Why is the income tax payable not the same as income tax expense? 6. Is the income tax expense shown in the income statement same as the income tax paid shown in the cash flow statement? If not why is the difference? 7. What do you find interesting, confusing, surprising or difficult to understand about the treatment of tax in your firms financial statements? What new insights, if any, have you gained about how companies account for income tax as a result of examining your firms tax expense in its accounts? Answers: Answer 1 The items of equity is depicted in balance sheet of Bapcor limited and it comprised of contributed equity, retained earnings or accumulated loss and other reserves. Contributed equity is one of elements of total equity that is recorded by organization that is split between common stock accounts and additional paid in capital. It refers to shares that have been bought directly by public from company either in the form of stock issuance and initial public offerings (Nichols et al. 2017). Retained earnings are the profits or cumulative earnings that are reinvested by company in business less distributions and dividend paid to investors. It is not distributed to shareholders by way of dividend but they are invested for in business for specific purpose. Reserves are the amount that is used to purchase fixed assets, repayment of debts and funding expansions. Capital reserves and revenue reserves are the two types of reserves. Revenue reserves are the profits that are earned by normal operations of business. General reserves and special reserves are the two types of revenue reserves. Capital profits are profits that are created out of profits that help in setting aside capital losses (Gan 2016). Total value of equity of organization increased in year 2016 to $ 366220 million compared to $ 266925 million in year 2015. This increase in total value of equity is attributable to the fact of increase in total reserves and contributed equity. Contributed equity value stood at $ 416427 million in year 2016 as against $ 337390 in year 2015. Other reserves value increased from $ 441 million isn year 2015 to $ 845 million in year 2016. Increase in total equity value is further attributable to fall in accumulated loss to $ 51052 in year 2016 compared to $ 70906 million in year 2015 (Bapcor.com.au 2018). Hence, increased in total equity value is because of decline in accumulated loss and increase in value of other reserves and contributed equity. Answer 2 Income tax expense is the amount of tax payable on the taxable income of particular period that is based on applicable rate of income tax. Income tax expense is comprised of current tax profits for the particular year, adjustments hat have been recognized for prior period, deferred tax expenses and relating to discontinued operations. Income tax is attributable to profit from discontinued and continued operations. Expense related to income tax is depicted in the consolidated statement of comprehensive income. Total income tax expense constitute of deferred tax, current tax and over provision in prior years. Income tax expense increased considerably in year 2016 to $ 18534 million compared to $ 9177 million in year 2015. There was further increase in income tax expense to $ 25988 in year 2017. Cash outflow related to payment of income tax increased from $ 18004 million in year 2016 compared to $ 3642 million in year 2015 (Bapcor.com.au 2018). Answer 3 The effective income tax rate that is applicable to organization is equivalent to corporate tax rate of Australia that is 30%. Accounting income of Bapcor limited stood at $ 43582 million in year 2016 and $ 19507 in year 2015 respectively. Higher value in year 2016 is indicative of the fact that there was considerable increase in accounting income of organization. Amount of the tax rate times the accounting income for both the years is computed at (30% * $ 43582= 13074.6) for year 2016 and (30% *$ 19507= 5852.1) for year 2015. From the computation of above figures, it can be seen that income tax expense for year 2016 is more than $ 13074.6. Furthermore, it can be seen that income tax expense for 2015 is more than $ 5852.1 (Bapcor.com.au 2018). Therefore, the figures of income tax expense are not same as the company tax rate times the accounting income. This difference is attributable to the fact that income tax is charged on various items and there are many types of taxation charge incurred by company. In some year, income tax is deducted as it has already been incurred while in other year there are addition to income tax charged that leads to differences between the value of income tax expense and accounting income percentage times tax rate. Answer 4 Deferred tax assets have been reported under noncurrent assets in the statement of financial position of company. Amount of deferred tax assets reported in the statement of financial position is recorded at $ 20614 million in year 2016. Value of deferred tax assets was recorded at $ 11847. Value of deferred tax assets stood at $ 18664 in year 2017 (Bapcor.com.au 2018(. Recognition of deferred tax assets and liabilities is attributable to unused tax loss, temporary differences and any adjustments that have been recognized for prior periods. However, deferred tax liabilities have not been recognized in the statement of financial position. Recognition of deferred tax assets are done for unused tax losses and deductible temporary differences (Hu et al. 2014). This is done only if the availability of future taxable amount is done for utilizing temporary losses and differences. Recording of deferred tax assets in the consolidated financial statement has been done because members of tax con solidated group has recognized temporary differences using the approach of separate tax payer within the group. Bapcor limited has recorded deferred tax assets deferred tax assets arises from tax credits of tax consolidated group and unused tax losses. Deferred tax assets increased from $ 573000 in year 2015 compared to $ 839000 in year 2016 (Bapcor.com.au 2018). Answer 5 The current annual report of Bapcor limited records total amount of income tax payable by company in particular year and current tax assets. Bapcor limited has recorded income tax payable in both current year and previous year. Organization has recorded current tax liabilities at $ 6236000 in year 2016 as against $ 5098000 in year 2015. Amount of income tax payable has reduced in year 2017 to $ 3455 (Bapcor.com.au 2018). There been no current tax assets that have been recorded in both the years. Current tax assets are offset when organization has legally enforceable right to do so and setting the same of net basis for settling the liabilities and realizing the assets simultaneously. The income tax payable by company in every particular year is different from income tax expense. Income tax payable for year 2016 stood at $ 6236000 while income tax expense stood at $ 18534000 (Bapcor.com.au 2018). It is indicative of the fact that income tax liabilities of Bapcor are significantly highe r than income tax expenses. Income tax payable is the liability that is incurred by organization that is based on profitability reported. Amount that is paid as an income tax is not solely based on business accounting profits. Accounting profits might get altered for resulting in taxable profits due to number of adjustments as imposed by government. Timing differences would arise resulting from these adjustments leading to differences between tax reporting and profit recognition for accounting purpose. Consequently, differences would arise between income tax reported by company in their income statement and the amount of income tax payable. Answer 6 Income tax expense of Bapcor limited is recorded in the statement of comprehensive income while total amount of income tax paid is recorded in cash flow statement. Income tax expense for year 2016 is recorded at $ 18534 and on other hand, income tax paid is recorded at $ 18004. Hence, for year, income tax paid is different from income tax payable by amount $ 530 (18534- 18004). On other hand, income tax expense for year 2015 stood at $ 9177 while income tax paid was recorded at $ 3642. Therefore, income tax expense is more than income tax paid by amount $ 5535 (9177-3642). From the analysis of above figures, it can be inferred that there is considerable difference between income tax paid and income tax expense. The income tax expense of Bapcor limited is the amount of tax payable on the taxable income of current period based in income tax rate that is applicable. Income tax paid is the amount of income tax liability of organization. Income tax expense is calculated based on accounting profit that requires accrual method of accounting that deals with recording expenses. Tax expense is comprised of deferred tax and current tax that is incorporated in net profit and loss determination for particular period. On other hand, income tax payable is determined by the concept calculation taxable income that is determined by taxation rules followed by company. Hence, former make use of net accounting profit and latter uses financial accounting concept (Kravet 2014). Tax accounting forms the basis of computation of income tax expense that takes into consideration of understanding the effect events on income taxes such as valuation allowances, net operating loss/profit and changes in rate of tax. Moreover, the differences between income tax paid and income tax expense is attributable to principles of general accounting principles. Difference between accounting income and taxable income is classified into timing and permanent differences. Permanent difference does not occur reversely as they originate in one period and do not repeat (Ahadiat and Martin 2016). It can be explained with the help of an instance, if only a part of an expenditure item is allowed by tax laws if the purpose is to compute taxable income, there would be permanent difference resulting from disallowed amount. Differences in the amount of income tax expense and income tax payable is also attributable to timing differences that is a difference between accounting income and taxab le income for a period that is capable of reversing in on period and originate in other period. The reason attributable to differences in timing is because the period in which some items of expenses and revenue are included in the taxable income that does not coincide with the period in which recording of such expenses and revenue have been done or have been considered when arriving at accounting income (Ermakova and Gudshatullaev 2016). This explains why there exist difference between income tax paid and income tax expense. Income tax payable is determined by taxable laws and there exist difference between requirement of computing taxable liabilities and the accounting policies that have been applied for determination of accounting income that forms the basis of computation of income tax expenses (Penner et al. 2016). It is certainly possible that the impact of accounting income on income tax expense and taxable income in determining income tax liability might not be same. Answer 7 The treatment of taxation in the financial statement of Bapcor limited has been interesting as there was segmented presentation of treatment of income tax items. There have been detailed explanations of deferred income tax assets and deferred income tax liabilities in comprehensive income. It gives the explanation of determination of deferred income tax that has been done by using Australian corporation tax rate. It has been ascertained that temporary differences is the reason attributable to difference between deferred tax liabilities and income tax expense (Nichols et al. 2017). Hence, analysis of the financial statement presented in the annual report of company depicts that company has separate presented the descriptions of income tax. Examination of income tax has been done in context of income expense, recognition of taxation amount in equity and there is detail explanation of numerical reconciliation of income tax expense. Manner in which organization computes income tax expens es that arises from ordinary activities and attributable to profit are presented separately. Determination of income tax expense is done by considering income tax rate that is applicable to organization and taking into account taxable income of current period for each jurisdiction by making adjustment to changes in deferred tax liabilities and assets resulting from unused tax loss and temporary differences due to accounting income and taxable income (Wang and Makar 2015). Moreover, it has been analyzed that income tax expense in each period is higher than income tax paid. Income tax expenses of organization have been increasing year on year due to increase in amount of profit reported. References list: Ahadiat, N. and Martin, R.M., 2016. Necessary attributes, preparations, and skills for the selection and promotion of accounting professionals.Journal of Accounting and Finance,16(1), p.11. Bapcor.com.au. 2018. [online] Available at: https://www.bapcor.com.au/Reports/Bapcor-2016-Annual-Report-FINAL-FOR-LODGEMENT.pdf [Accessed 2 Jan. 2018]. Caskey, J. and Laux, V., 2016. Corporate governance, accounting conservatism, and manipulation.Management Science,63(2), pp.424-437. Dagwell, R., Wines, G. and Lambert, C., 2015.Corporate accounting in Australia. Pearson Higher Education AU. Deegan, C., 2014. An overview of legitimacy theory as applied within the social and environmental accounting literature.Sustainability accounting and accountability, pp.248-272. Ermakova, N.A. and Gudshatullaeva, E.M., 2016. Peculiarities of the Application of Income Tax Standards by the Subsidiary Company in the Russian Accounting Practice.International Journal of Environmental and Science Education,11(13), pp.5873-5882. Gan, F., 2016. New Achievements of Government Accounting Reform in ChinaGovernmental Accounting StandardsBasic Standards.Modern Economy,7(04), p.450. Goswami, M., 2014. Corporate Environmental Accounting: The Issue, Its Practices and Challenges; A Study on Indian Corporate Accounting Practices.IOSR Journal of Business and Management,16(5). Hu, J., Li, A.Y. and Zhang, F.F., 2014. Does accounting conservatism improve the corporate information environment?.Journal of international accounting, Auditing and Taxation,23(1), pp.32-43. Kravet, T.D., 2014. Accounting conservatism and managerial risk-taking: Corporate acquisitions.Journal of Accounting and Economics,57(2), pp.218-240. Lee, R.T., 2016. Fixed and Variable Costs: When Accounting Is the Opposite of Cash Flow Reality.Journal of Corporate Accounting Finance,27(4), pp.31-35. Lee, T.A., 2014.Evolution of Corporate Financial Reporting (RLE Accounting). Routledge. Nichols, N., Betancourt, L. and Scott, I., 2017. The FASB Simplifies the Accounting for Share?Based Payments.Journal of Corporate Accounting Finance,28(4), pp.8-19. Penner, J., Kreuze, J. and Langsam, S., 2016. Analysis of Simplification of Accounting Initiative for Inventory and Update of Other Simplification Proposals.Journal of Corporate Accounting Finance,27(4), pp.9-12. Wang, L. and Makar, S., 2015. FX Cash Flow Risk Management: Financial Reporting Issues and Practical Implications.Journal of Corporate Accounting Finance,26(2), pp.59-62. Warren, C.S. and Jones, J., 2018.Corporate financial accounting. Cengage Learning. Williams, J., 2014.Financial accounting. McGraw-Hill Higher Education.

Describe the Benefits of a University Education free essay sample

Describe the benefits of a university education With the society developing faster, more professional people are needed, the university education begins to play a role which has never been such important before. A variety of facts have already proved that, not only an individual person, but also the whole society benefit from the university education. The support of this essay is to discuss how university education affects the world. For the individual, firstly, university is one of the very places where he gains the most practical knowledge and cultivates the academic skills due to which he can feed himself as well as his family. Many investigations demonstrate that people who have the experience of studying in university as well as people with a Master degree or Doctoral degree live a higher quality of life than those who does not receive a university education. Secondly, university is also the very place where young adults firstly acquire their social skills. We will write a custom essay sample on Describe the Benefits of a University Education or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Researchers have found that the graduate from university always have better ability of carrying out different kinds of problems. As the modern universities are becoming more synthetic, what students can learn from university is beyond academic lore, it is a combination of different types of capability. The graduates are generally adept in the art of being a social animal, mastering the important ability such as to judge and to pardon. Furthermore, university education does the country great favor. Firstly, university education helps the society solve many thorny problems in a certain extent. To run a university needs not only professors and students but also many other staff to be responsible for the daily affairs. This requires a great numbers of people to attend work, providing more positions of job. Owning to this, the hard situation of employing can be eased. The less people without income to feed himself, the stronger psychological balance they will have, and the society will be more stable. Secondly, university education increases the averaged accomplishment of the society. Citizens may be more civilized after having further education, which will make them obey the law and regulation consciously. The more people accept further education, the deeper the spiritual civilization will immerse into the social atmosphere. This helps the society progress at a higher speed faster because more vigor can be made full use of to construct instead of to supervise and to manage. With qualified personnel outputted by university, the society can grow in a healthy way. In conclusion, university education is not only for university student, but also for different stratum of the country. University education supply knowledge to the learners as well as opportunities of surviving to the livelihood, since it benefits both the individual person and the whole society a lot, it is widely believed that the importance of university will continue increasing as the world grows.