Accounting Theory DB Essay Example | Topics and Well Written Essays - 750 words

Accounting Theory DB - Essay Example s of the dissenter’s decision, I too changed my opinion based on the fresh insights into the matter shown by the CFO and agreed with the dissenter’s decision of using the current rates as they would give a truer picture. The current value of the restructured debt would be more apparent using the dissenter’s method. SFAS 115 was also brought up immediately in which marketable equity securities were to be offered either at a fair or the current market value. My opinion on this was sought for its impact on objectivity and bias. I preferred using the market value and my response was acknowledged for its correctness. I was informed of a new standard which would only allow FIFO to be used as inventory and I was asked about its usefulness in terms of verifiability. I agreed with the new standard which was then explained by the CFO, Mr. Washington, as being more verifiable due to elimination of double calculation if both FIFO and LIFO were used. Majority of my suggestions in the exchange of emails in the activity were right. I had a tendency of going for the majority in the first problem but on reflection the dissenter’s decision seemed more appropriate as using the current discount rate would affect the financial position of the corporation in a positive way. My instinctive response was of using the current market value or a fair price of the securities on offer in the market was correct. Using FIFO for inventory as a sole criterion in the new standard was also an appropriate decision. Exposure to accounting theory does influence reasoning power as one can make a more appropriate choice as and when required during a corporation’s financial planning and implementation. Knowledge of the minimum standards set up by the SEC (Securities and Exchange Commission) and FASB (Financial Accounting Standards Board) helps in making pertinent decisions which can influence the success or failure of a corporation. These regulatory bodies ensure transparency and consistency in

China; a dangerous superpower; responding to debate Assignment

China; a dangerous superpower; responding to debate - Assignment Example The military size is not shrinking but growing, this indicates there is more to it than meets the eye. China is gradually establishing its self as an economic giant, and this is the best place to mitigate its threat of becoming a super power. China mostly focuses on virgin markets that are thought to have been neglected by the west. United States of America and it allies should focus on tapping into the markets before China. That will ensure that the countries grow their GDP at a rate similar to China’s and be one step ahead. I agree with the answer and strongly advocate for the United States allies to review their laws in regard to combat and military matters. Japan adopted laws that regulated its military to duties that are close to the ideal ceremonial in combat matters. China with its quest to have a firm grip in the region decided to claim regions that are clearly Japans sole possession. The act violets international law and threaten Japans sovereignty. The region under contention is a joined military training field for both the United States of America and Japan. That might be the main reason China invaded the region. Japan should review its laws and wake up to what its neighbor is doing. The country should invest more into military equipment. The action may make China slow on its pursuit for the territory. China continued expansion economically, and investment into carriers signify that the country is more a threat now and looking to becoming a super power. The USA should assist Japan in strengthening it military both in terms of more combined training and equipment. The act will deter China from invading Japan and help America as a nation have an ally where it can launch an offensive should there be a need for such action. I strongly agree with the author and see China as a growing super power and threat. United States of America has many trade agreements with China making its