Chaucers Canterbury Tales and Enrique Iglesias :: Canterbury Tales Essays

The Canterbury Tales and Enrique Iglesias In Chaucer's epic poem, The Canterbury Tales, you get a real taste of different kinds of people of the Middle Ages. The Canterbury Tales are stories told by different characters to pass the time on the way to their destination. The character of the Squire, who is approximately twenty years old, and the son of a knight, is of average height, strong, agile, can read and write, and likes to impress the ladies by singing and dancing. Enrique Iglesias, a Latin Pop star, is much like the Squire in numerous ways. With their similarities in singing talent, appearance, and love life, the comparison is remarkable. One way the Squire and Enrique Iglesias both try to get the ladies is by singing and using their dance moves. The Squire is described as "singing.in hope to win the ladies grace." (Chaucer 107), It seems, as all he does is spend time trying to impress the girls. Since he gets so little sleep, the Squires singing and dancing obviously impresses the girls. Enrique Iglesias says his songs are "love songs". (Enrique's Great Escape 1) He has recorded his love songs in four different languages, trying to reach the hearts of women everywhere. Enrique Iglesias wants to impress people and, clearly is an icon. Enrique Iglesias and The Squire both use their singing talents to win women over. Another way the Squire and Enrique are similar is in their appearance. "Short was his gown, the sleeves were long and wide" and "with locks of curly hair" (Chaucer 107). For the time, the Squire's clothes were flashy and out of the ordinary. His gown was short, some say to show off his legs. Enrique is a "Twenty-six year old hunk." (Enrique's Great Escape 3) He wears flashy clothing, just like the Squire. In his steamy videos, Enrique likes to show off his body. Like his father, Enrique has the face of an angel, and the women know it! Both Enrique and the Squire dress to impress. The last main thing Enrique Iglesias and the Squire have in common is their love lives. Considered a "Latin Lover" from Rolling Stone Magazine, Enrique says his "sex life has defiantly grown," ('I'm sick of Casual Sex' 1).

Workplace Violence Essay -- Workplace Health and Safety

Workplace Violence According to the National Institute for Occupational Safety and Health (NIOSH), " each week, an average of 20 workers are murdered and 18,000 are assaulted at work. Non-fatal assault’s at work result in millions of lost days and cost businesses’ millions of lost workdays. And the most disturbing finding homicide is the leading cause of death for women in the workplace." (http://www.ocpapsych.com/mtart4.htm). As a result, violence in the workplace has received considerable attention in the press and media and also in safety and health professionals. The Medical College of Georgia Administrative Policies and Procedures office of Primary Responsibility: Public Safety Division, pointed out that " Workplace Violence shall mean any behavior, act or statement that would be interpreted by a reasonable person to be aggressive, intimidating, harassing, or unsafe, and which carries an expressed or implied intent to cause harm to a person or property." (http://www.inc.com/articles/details/00,,art3150,00.html). In the words of researcher and industrial psychologist, Dr. Matthew S. O’ Connell, " There are three psychological indicators that are most likely to show the potential for angry and/or violent behavior on the job. First, low locus of control, people who have a low locus of control do not feel that they are in control of their lives. They tend to be fatalistic and to perceive that things happen to them randomly, rather than as a result of their own actions. They often feel persecuted and victimized by others. Over times, this feeling of being out of control can cause a high level of stress, which may lead to irrational or violent action against themselves and others. Second, Job stress can be defined as the harmful... ...p/publib/story_clean_cpy.asp (2000, Jan 02). Marra Janice. (2000, Feb 01). Profile: Profiling employees and assessing the potential for violence. (Public Management), (Online). Available: http://ptg.djnr.com/ccroot/asp/publib/story_clean_cpy.asp? (2000,Feb 01). Smith, Kerri. (No Date). Workplace Violence Avoidable, (Online). Available: http://www.careerlab.com/art.avoidaable.htm. (2000, Nov 20). Tan, Manny, Psy.D. (No Date). The Rising Tide of Domestic Violence in the workplace: Is the office no linger a safe haven? (Online). Available: http://www.ocpapsych.com/mtart7.htm (2000, Nov 22). Tan, Manny, Psy. D. (No Date). Workplace& Targeted Violence,(Online). Available: http://www.ocpapsych.com/mtart7.htm (2000 , Nov. 22). Tan, Manny, Psy.D. (No Date). Workplace violence& Media Technology, (Online). Available: http://www.ocpapsych.com/mtart4.htm. (2000, Nov 22).

Cause-Effect Essay* Causes of Divorce

You know that divorce is more common nowdays, but do you know the causes? According to the statistics offered by INEGI in a survey practiced in 2005, 70% of the couples who get married take the decision of getting divorce. There are many reasons why they make yhis decision, but there are three main causes which are lack of communication, financial issues, and abuse. Lack of communication is one of the main causes of divorce.A marriege is on the rocks when the lines of communication fail. You cannot have an ineffective realtionship if either one of you does not discuss about his/her feelings, cannot talk about his/her mutual or personal issues, and expects his/her partner to guess what the whole problem is about. Another cause of divorce are financial issues. Money or aspects related to ot are of course a possible cause of disagreement between couples.Married couples could squabble over such issues as shared financial responsibility, unequal financial status, undisclosed financial sta te, over spending, and lack of financial support. The last cause of divorce are the ways of abuse. This does not just include intentional and habitual phusycal abuse. It may also come in the form of sexual abuse and emmotional abuse. One partner may actively seeks to degrade his/her partner through harsh language.Drug and alcohol make the person so violent; in addition, there may be no physical or verbal abuse, but the other partner would understandibly have a difficult time managing finances and daily life with an addicted spouse. Now we know that lack of communication, financial problems, and violence are the main causes why people get divorce. May be you should considet living in free union for a short time before you get married, by doing this, you can meet your partner well. It is not the best option, but if you are really in love, you can get married without any problem.

Fourty famous studies that influeneced psychology Essay

Born First, Born Smarter This study involves a person’s intellectual development in correlation to the order in which they were born in relation to their siblings. Two research psychologists, Robert B. Zajonc and Gregory B. Markus, developed a theory in an attempt to explain the relationship between birth order and intelligence. They conducted this study by gathering information from previous research and applied it to the data they collected themselves. A research project was conducted n the late 1960’s that involved testing the intellectual abilities of children born at the end of WWII. They found a strong relationship between the birth order and the Raven test scores. The ones born first scored higher, and the score decreased with the declining birth order. However, the average Raven score for the first born in a two family is only about 5 points higher then that for a last born in a family with nine children. So the more children you have, and the smaller the gap between each child is, the more intelligent each child in succession will be. In Control and Glad of It Researchers Ellen J. Langer and Judith Rodin conducted a field experiment using elderly people in an elderly home to test the outcome of when people are given control as opposed to when people have everything done for them. Langer and Rodin’s prediction was that if the loss of personal responsibility for one’s life causes a person to be less happy and healthy, then increasing control and power should have the opposite effect. Two floors of the elderly home were randomly selected to be observed. One floor was given options for certain things such as there furniture arrangement and which movie they would like to attend. The other floor, was given no such options and had everything arranged and done for them by the staff. The staff was asked to fill out questionnaires about the patients on their floor (the staff new nothing of the experiment). The questionnaires had questions on it to comment about things such as if the patents were sociable, happy, alert, and even how much they visited other patients. The differences between the two groups were incredible. They determined that overall, the increased responsibility group’s condition improved over the three weeks of  the study, while the no-control group was doing progressively poorer. They concluded that when people who have been forced to give up their control and decision-making power are given a greater sense of personal responsibility, their lives and attitudes improve, as is true with the opposing side. More Experience = Bigger Brain Mark R. Rosenzweig and Edward L. Bennett wanted to find out if the brain changes in response to experience. Because this experiment involved long periods of observation and even autopsies to observe the changes in the brain, the two researchers couldn’t use human subjects, so they used rats for the experiment. Three male rats where chosen to participate and assigned to one of three conditions. One rat remained in the colony cage with the rest of the colony. One rat was placed in an â€Å"enriched environment† and one was placed in an â€Å"impoverished environment†. There were 12 rats in each of these conditions for each of the 16 experiments. The standard cage had many rats and had adequate space with food and water always available. The improvised environment was a slightly smaller cage, isolated in a separate room, where the rat was alone with adequate food and water. Finally, the enriched environment was a large cage filled with many toys and furnished with e very luxury a rat could want. The results indicated that the brains of the enriched rats were highly different from those of the impoverished rats. The cerebral cortex of the enriched rats was significantly heavier and thicker then those of the impoverished rats. Also, the study found a significantly greater number of glial cells in the enriched rats’ brains compared with the rats raised in the dull environment. After 10 years of experiment and research the researchers could clearly and confidently state that â€Å"there is no doubt that many aspects of brain anatomy and brain chemistry are changed by experience.† However, many scientists were skeptical of there findings because there were factors that Rosenzweig and Bennett didn’t take into consideration. The enriched rats were handled more which could have been a brain stimulus and the impoverished rats could have been stressed from having no contact with anyone or anything at all. See Aggression†¦Do Aggression One of he most famous and influential experiment ever conducted in psychology history demonstrated how children learn to be aggressive. This study by Albert Bandura and his associates Dorothea Ross and Shelia Ross was carried out in 1961 at Stanford University. The researchers asked for the help of the Stanford University nursery in obtaining thirty-six boys and thirty-six girls raging from ages 3-6. The average age for he children was 4 years and 4 months. Twenty four of the children were assigned to the control group which was the group that wasn’t exposed to any model. The rest of the children were divided into two groups: one exposed to aggressive models and one exposed to non-aggressive models, they were also divided by sex. They eventually had 8 experimental groups divided by gender and level of aggression. First, the experimenter brought a child from one of the groups to a playroom with an adult model. The adult model beat a Bobo doll with a fake mallet while the child played with other toys. Another child was brought in after and the adult model ignored the Bobo doll. This went on for all the groups. 1) The children who were exposed to the violent models tended to imitate the exact violent behaviors they observed when left alone with the Bobo doll. 2) Overall, girls were more likely to imitate the verbal aggression toward the Bobo doll, while the boys showed more physical violence. 3) Boys were significantly more physically aggressive then girls in nearly all the conditions. 4) The boys used the mallet significantly more then girls in almost all of the conditions. 5) The control group was generally less violent then the experimental group.6) in cases with a non-aggressive female, the children used hardly any aggressive language. What You Expect Is What You Get This study involves teacher’s expectancies of pupils and how that affects the students I.Q. gains. Robert Rosenthal and Lenore Jacobson conducted a study where they theorized that when an elementary school teacher is provided with information (such as I.Q. scores) that creates certain expectancies about a student’s potential, either strong or weak, the teacher might unknowingly behave in ways that subtly encourage or facilitate the performance of the students seen as more likely to succeed. An elementary school was chosen and  all the children grades 1-6 were given an I.Q. test near the beginning of the year. The teachers were told that there students were taking the â€Å"Harvard Test of Inflected Acquisition†. This was told to them because this test was supposed to be a predictor for a child’s academic blooming. Teachers believed that students that scored higher would enter a period of increased learning abilities. This was also not true. Children were chosen at random to be within the top 20 percentile of this test and the teachers were informed of this. All other children were the control group of this experiment. At the end of the year the children were tested again using the I.Q. test and the children originally chosen for the top 20% showed a significantly increased score then those of the control group in grades one and two. In grades 3-6 the difference was not so great. The reason for the 1st and 2nd grade development was thought to be because of how younger minds were more malleable then older children and how younger children don’t have a reputation from previous school years. I Can See It All Over Your Face Researchers Paul Ekman and Wallace V. Freisen conducted a study about how facial expressions and emotions are a universal language. The first problem with this experiment was that the researchers had to find subjects that had never been exposed to media or magazines because this would enable the subjects to not truthfully identify a certain emotional expression. Ekman and Freisen found a group of people like this in the Southeast Highlands of New Guinea called the Fore people. They were an isolated Stone Age society with not much contact of any other people outside there environment, let alone any media. They had not been exposed to emotional facial expressions other then those of there own people. The two researchers showed there experimental groups of adults and children pictures of different facial expressions of people from the United States and told them a sentence. They asked them to identify by pointing, to the correct matching facial expression. The adults were given three pictures to choose from and the children were given two. There was not much difference between male and female recognition of expressions, however the children did fair a little better in the experiment. This could have been attributed to the fact that  the children only had to choose between two pictures instead of three. The results for both adults and children clearly support the researcher’s theory that particular facial behaviors are universally associated with particular emotions. The only trouble that the Fore people had was distinguishing between fear and surprise, and this was because these people closely associated fear and surprise as one emotion. Racing Against Your Heart Using their earlier research and clinical observations, two cardiologists, Meyer Friedman and Ray H. Rosenman, developed a model of traits for a specific type of persons behavioral pattern that they believed was related to growing levels of cholesterol and to heart disease. The first pattern, pattern A, had characteristics such as a drive to achieve your goals, a competing personality, multi-tasking that involves meeting deadlines, and extreme alertness. Following this is another type of people, called pattern B. Pattern B is the exact opposite of pattern A. They lacked drive, ambition, desire to compete, and involvement in deadlines. A third set of behaviors developed was called pattern C. This was very much like pattern B but involved anxiety and insecurity. Friedman and Rosenman interviewed about 166 men for there experiment. They first questions they asked them were about there family’s medical history, so they could see if they had CHD. While in this interview the researc hers categorized each man into a pattern A or B category by the way he answered questions, or his tone, or body language. Each subject was asked to keep a log of there diet over the course of a week and blood tests were taken from each of the men to measure cholesterol levels. Friedman and Rosenman matched each man into pattern A and pattern B easily. Each man fit into one of the developed patterns. The researchers found that the men in Pattern A group had significantly higher chances of heart disease and that type A behavior was a major cause of blood abnormalities. However there could be other reasons why Type A had higher chances of heart disease such as, there family’s history. More men in the pattern A group had parents with heart disease. Another difference was that pattern A men smoked more cigarettes a day then did the subjects in group B. This study was very important in the history of psychology for a few  reasons. One way was that it proved certain behavioral patterns can cause major heart related illness. Another is that this study began a new line of research and questioning into t he relationship between behavior and CHD. The largest long-range outcome from this study that has played an important role in creating a new branch of psychology called health psychology. Not Practicing What You Preach This study involves attitudes and actions toward different racial groups. It was determine if what people say is actually what they will do if they come face to face with the problem. Richard T. LaPiere traveled extensively with a young Chinese couple in 1930 and 1931. The couple was very nice and personable and he was glad to be traveling with them. During this time there was a lot of prejudice in the U.S. against Asians. So, LaPiere was very surprised when the Asian couple was graciously accommodated at a very fine hotel that had a reputation for greatly disliking Orientals. Two months later he called the same hotel and asked if they would accommodate a very important Chinese man and they said defiantly not. LaPiere then developed a theory that stated â€Å"What people say is often not what they do†. The study was conducted in two separate parts. First, LaPiere went with his Chinese friends to many hotels and restaurant throughout the U.S. over the course of two years. He took record of how the couple was treated and made sure to first stay out of site of the managers of the establishments to ensure that the couple wouldn’t be treated differently in his presence. The second part of the experiment was for LaPiere to wait 6 months after there trip (to make sure the effect of the Chinese couples visit had faded), and then call each establishment that they went to or stayed at, and asked them if they would accommodate a Chinese person. After almost three years, LaPiere had enough information to make a comparison of social attitudes social behavior. Out of the 251 hotels and restaurants they attended, only one refused the couple and LaPiere service because of the couple’s race. Aside from that instance, all other places accommodated them with average or above average service. When he received most of the letters back with an answer from the hotels and restaurants over 90% of them said they would absolutely not accommodate anyone of the Chinese race. This confirmed LaPiere’s theory that what people  say, is not always how they will act. The Power of Conformity Research psychologist Solomon E. Asch conducted a study to see if people will give into peer pressure and conform to there friends ideas. A person was let into a room (Subject A) with seven other subjects. These seven people, without subject A knowing, were not participants in the experiment, they were helping the experimenter. Each person was asked which line was longer on a card that was shown to them. Subject A went first and then followed was the seven other subjects and then subject A was asked again. They did this several times until one time, all the other subjects disagreed with subject A and all picked the same one, different form his choice. When the card came back to subject A he picked the one everyone else picked. Seventy-Five percent of the time the first subject will conform to the group’s consensus at least once. The powerful effects of group pressures to conform were clearly demonstrated in Asch’s study. There are four factors that could have an effect on the reduction of conformity. These factors are social support, attraction and commitment to the group, size of the group, and gender of the group. If you have people on your side you are more likely to stay with your answer rather then conform. Crowding Into The Behavioral Sink The effects of crowding on our behavior are something that has interested psychologists for decades. One man in particular, John B. Calhoun was especially interested in it when he conducted this study on crowding and social pathology. It may be hard to believe but rats do have a social side. The reason Calhoun used rats were because he needed many subjects for long periods of time that were willing to crowd together for a while. Humans wouldn’t be very good at this. He used a 10Ãâ€"14 foot room and divided it into 4 sections. Section one was connected to section 2 by a ramp, section 2 was connected to section 3 by a ramp, and section 3 was connected to section 4 by a ramp. The walls were electrified so in order to get from section 1 to section 4 you needed to go through all the rooms. The rooms were also filled  with shreds of paper, in order for the rats to make nests. The experimenter filled the rooms with rats. They started with about 4 rats and waited or the rats to multiply until they reached 80. When over 80 were reached some rats were removed so they always had a constant number. When the rats got older, they started to fight with each other for space even though it wasn’t necessarily too crowded. The two end rooms were soon fought for because they got the most space and privacy so the rat that won the fight always stayed on guard at the end of the ramp for security. Some rats became submissive and others always fought. Some of the rats were very sexually active and some wanted nothing to do with it. Some of the mothers in the two middle pens became inadequate. They often left their children and lost all maternal abilities. One environment where the same thing that happened to the rats might happen to humans is in an overcrowded prison. It was found in a very crowded prison where each inmate has approximately 50 square feet, as opposed to one with more room, there were more cases of homicides, suicide, illness, and disciplinary problems. Crowding also has negative effects on problem-solving abilities. When in a small room that’s crowded subjects had a more difficult time listening to a story and putting tighter a puzzle, then did another group with more space and the same tasks. Relaxing Your Fears Away Researcher Joseph Wolpe was a research psychologist specializing in the systematic desensitization treatment of neuroses. The word phobia comes from Phobos, the name of the Greek god of fear. Phobias are divided into three main categories. Simple phobias are phobias that involve irrational fears of animals or specific situations such as small spaces or heights. Social phobias are irrational fears about interaction with others. Agoraphobia is the irrational fear of being in an unfamiliar, open, or crowded space. These are all irrational and all can be treated in similar ways. Systematic desensitization is a behavioral technique that was credited to Wolpe as perfecting and applying it to the treatment of anxiety disorders. Systematic desensitization is the way of unlearning a learned behavior. Reciprocal inhibition is when two responses inhibit each other, and only one may exist at a given moment. There are three steps that a patient must follow in order  to rid themselves of a phobi a. Wolpe says that you cannot be in a complete relaxed state and have an irrational fear at the same time, so the first step is relaxation. He taught the patient to go into a deep state of relaxation whenever they wanted or needed too. The process involves tensing and relaxing your muscles until you have reached a state of complete relaxation. Wolpe also incorporated hypnosis to ensure full relaxation. The next step in the process is for the therapist and patient to develop a list of high anxiety-producing situations involving your phobia. Starting with the least stressful and ending with the most stressful. The final stage is called the unlearning stage. The patient has to go into a deep state of relaxation and the therapist will read off to you your fears of the list. If at any point you feel anxiety the therapist stops you return to your relaxation mode and the therapist will continue. This process continues until the therapist can go through the entire list with you feeling the least bit anxious. The success of their therapy was judged by the patients own reports and by the occasional direct observation. He had a success rate of 91% with the 39 cases he had. The average number of treatment sessions needed was 12.3. Wolpe said that he hasn’t had any patient relapse after a complete desensitization recovery. Who’s Crazy Here, Anyway? David L. Rosenhan conducted an experiment with sane people going into mental facilities claiming to hear voices, to see if the patients would be immediately released if acting completely sane. Rosenhan questioned whether the characteristics that lead to psychological diagnoses reside in the patients themselves or in the situations in which the observers find the patients. Eight subjects including Rosenhan committed themselves to eight different mental hospitals. Each subject was completely sane and in perfect mental health. When committing themselves to the hospital they complained of hearing voices and all but one where admitted and on record as having schizophrenia. Each patient once admitted, acted perfectly sane and showed no signs of schizophrenia yet were treated as though they did have a mental illness throughout their entire stay. They were given medication which they disposed of and were not treated as normal people. It was as if because they  were in the mental hospital, they were automatically considered to not be a real human being. Rosenhan’s study demonstrated rather strongly that normal â€Å"patients† cannot be distinguished from the mentally ill in a hospital setting. According to Rosenhan, this is because of the strength of the mental setting has over the patient’s actual behavior. Once patients are admitted to such a place, there is a strong inclination for them to be viewed in ways that strip them of all individuality. This study surprises me. I’m taken aback that these professionals that have worked with mentally ill patients cannot decipher between a truly mental patient and a completely mentally-healthy patient. It is extremely unprofessional that the staff member/nurse did at one of the facilities by adjusting her bra in front of patients as if they weren’t real people. Thanks For The Memories One of the leading researchers in the area of memory is Elizabeth Loftus at the University of Washington. She has found that when an event is recalled it is not accurately recreated. Instead it’s what’s called reconstructive memory. Loftus defines a presupposition as a condition that must be true in order for the question to make sense. For example, suppose that you have witnessed an automobile accident and I ask you, â€Å"How many people were in the car that was speeding?† The question presupposes that the car was speeding. One experiment done by Loftus was having students in small groups watch a car accident video that was about 1 minute long. After the film ended the students had to answer questions. For half the students the first question was â€Å"How fast was car A going when it ran the stop sign?† The other students had a question that read â€Å"How fast was car A going when I turned right?† The last question for both groups was â€Å"Did you see the stop sign?† In the group that had been asked about the stop sign 53% of the subjects said they saw a stop sign for car A, while only 35% in the â€Å"turned right† group claimed to have seen it. Based on these and other studies, Loftus argues that an accurate theory of memory and recall must include a process of reconstruction that occurs when new information is integrated into the original memory of an event. There is little doubt that in the course of criminal prosecutions, eye witness reports are subject to many sources of  error such as post event information integration.

Mediation process Essay Example | Topics and Well Written Essays - 250 words

Mediation process - Essay Example Mediation, however, has evolved from its North American origins as an organizational development instrument to international use as an alternative dispute resolution method as it offers a less-costly alternative to court proceedings. The increasing complexity of the mediation process is compounded by the fact that parties involved even the mediator can come from different cultures. Avruch and Black (1993) notes that most cases of mediation processes has the mediator failing in considering cultural differences as they are inclined to adhere to the supposed notion that there are universally acceptable models of mediation. The pervading view among mediator scholars is that there is a tendency to adapt a superficial view of culture as behavioral stereotype wherein different ethnic groups can be managed with proper etiquette and tolerance. Nonetheless, there is an increasing literature that shows that multiculturalist perspectives have great impact on the mediation process. This paper aims at looking into the incorporation of multiculturalism in the mediation process. I will be looking at how culture can affect the conflict resolution process and identify how multiculturalism can be used in the mediation process.

The SEC's Condorsement Proposal Research Paper Example | Topics and Well Written Essays - 750 words

The SEC's Condorsement Proposal - Research Paper Example In this study, I would discuss about the IASB as well as the FASB and their relationship with each other. I would then evaluate the SEC proposal and express my opinions about the same. IASB & FASB and Their Relationship with Each Other In year 1973, the International Accounting Standards Committee (IASC) was set up for the purpose of maintaining standardization in the accounting principles all over the world. In 2001, the International Accounting Standards Board (IASB) was constituted subsequent to the restructuring of the IASC. The main goal of the IASB was to prepare and issue standards to be observed in the development of financial statements and also to encourage the global recognition and adherence of those standards. The IASB had hitherto issued various standards known as the International Financial Reporting Standards (IFRS) on different accounting subjects (Deloitte, 2011). The Financial Accounting Standards Board (FASB) was formed in 1972, as a nominated institute in the pri vate sector for setting up standards of financial accounting as well as reporting in the USA. The local firms in the United States that are listed with the Securities Exchange Commission (SEC) are required to file their financial reports exercising the Generally Accepted Accounting Principles of the United States (US GAAP) (Financial Accounting Standards Board, n.d.). The FASB and the IASB are fundamentally built under the same theoretical framework. Nevertheless, there are certain major dissimilarities between the standards issued by the IFRS and the US GAAP. The IASB standards are broader and have restricted interpretive assistance for their implementation, as compared to those of the US GAAP. The IASB does not usually issue interpretations of the IFRS, and rather lets the International Financial Reporting Interpretations Committee (IFRIC) and the individual auditors to put into practice the principles embodied in the IFRSs. While the US GAAP standards, as a result of the strong l egal and regulatory surroundings in the US, have a more prescriptive policy. Consequently, the US standards enclose the underlying principles, complete implementation direction as well as the industry interpretations (Ernst & Young, 2010). Evaluation of the SEC Condorsement Proposal The Condorsement Proposal made by the Securities Exchange Commission (SEC) is a combination of the convergence approach and the endorsement approach for the amalgamation of the IFRS with the US GAAP. The condorsement framework summarized by the SEC consists of three phases of convergence and an ongoing process of endorsement where the FASB assesses the necessary and appropriate modifications in the IFRS for utilization by the US companies. The first phase of convergence consists of the completion of the projects under their Memorandum of Understanding (MoU) by 2011. In the subsequent two phases the FASB would devise arrangements to amalgamate dynamic IFRS schemes into the US GAAP and also merge all the o ther IFRSs into the US GAAP, in a period of 5-7 years (Lamoreaux, 2011). I think that the condorsement approach is significant because such an exclusive hybrid approach would probably lessen the tension on the financial reporting method. The condorsement strategy necessitates the classification of the current US GAAP standards into various

Liquidity Ratios Assignment Example | Topics and Well Written Essays - 750 words

Liquidity Ratios - Assignment Example High existing and acid test ratios would mean that funds have without cause increased and are not being profitably used. Similarly, a strangely high rate of record earnings may show that a firm is losing profits, deteriorating to maintain an sufficient level of record to serve the customer’s needs. Rapid proceeds from debtors may show severe credit policies that hold proceeds below levels that could be obtained by granting more liberal firms (Khan & Jan, 2007). While determining the short term level of the organization by the creditors, it should be documented that the administration may be tempted to get involved in window dressing just prior to financial statements preparation so as to the present financial position better than what it actually is. For instance, by putting off purchases, allowing records to go down below the ordinary levels, using all existing cash to reimburse present liabilities, and increasing the compilation of funds from debtors, the existing and acid t est ratios, and debtor turnover ratios may be unnaturally enhanced, even when no purposeful effort has been made to present a good picture (Khan & Jan, 2007). Capital Structure Ratios Financial ratios are referred to as capital structure ratios. Creditors who take longer time to recover their credit would censor the capability of a firm on the foundation of the lasting financial power in terms of its capacity to pay the interests frequently as well as pay back the principal on due dates, or in one sum at the point of maturity. Capital structure ratios can also be referred to as financial ratios which open up the long-term solvency of a firm as shown in its capability to guarantee the long-term lenders with respect to intermittent payment of interest during the duration of the loan and reimbursement of the principal upon maturity, or in predetermined installments on established dates (Brag, 2012). There are thus two versions of the long term solvency of a business. The first version is the capability to reimburse the principal when due while the second aspect involves the ability to undertake regular payment of the interests. For that reason, there are two dissimilar, but equally dependent and interconnected, kinds of capital structure costs. First, there are ratios which are based on the connection between rented funds and the owner’s capital. These ratios are calculated from the balance sheet, and have several variations such as debt equity ratio, debt asset ratios, and equity assets ratios. The second type of capital structure ratios, commonly called coverage ratios, are computed from the profit and loss accounts. Included in this category are interest coverage ratio, dividend coverage ratio, total fixed charges coverage ratio, cash flow coverage ratio and debt services coverage ratio (Brag, 2012). Increasing Activity Ratios but Declining Profitability As revenues are squeezed across the health care trade, providers and health plans that formerly avoi ded the Medicaid market have collaborated up to fight for medical patients. In the early 1990s, there was a sharp growth in contribution in the Medicaid market - a growth that included all segments of the market and all forms of ownership status and profit. Efforts to expand choice for Medicaid beneficiaries through commercial administrated care plans have recently encountered some problems. Since 1997, commercial plans exited the Medicaid market in much greater numbers than in earlier years and entered new Medicaid market less