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Barometer Rising Book Report - 2054 Words

The Novel The main subject of Hugh MacLennan’s novel is the return of Neil Macrae from France to Halifax in order to clear his name. His uncle, Colonel Geoffrey Wain, had ordered an ill-planned advance on the Germans; Wain tried to blame the resulting debacle on Neil, ordering his arrest and court-martial for cowardice. When a shell hit the dugout in which he was being held prisoner, Neil was reported missing, believed killed. It is revealed, however, that he was picked up, badly wounded and amnesiac, and sent to the hospital. His rescuers believed him to be a private in the British North Country regiment that had relieved the Canadians. He gradually recovered his memory but retained his British identity until he returned to Canada. This†¦show more content†¦He loses interest in destroying Colonel Wain’s reputation and does not even trouble to get from the mortally injured Alex Mackenzie the affidavit that would clear his name. Angus Murray does this for him. The heroine, Penny Wain, is a woman whose life is changed by the war as much as is Neil’s. Although destructive and disruptive, the war does give Penny a chance to use her talents to become a naval architect. She achieves the distinction of having her design for a submarine chaser accepted by the British Admiralty. Angus Murray acts as the confidant to the other characters and as a link between them. The belief that Penny might marry him cures for a time his melancholia and alcoholism, which had been caused in part by the early death of his first wife as well as by the horrors of war. The return of Neil puts an end to that happiness, although being forced to operate after the explosion, for the first time since leaving France, restores his pride and self-confidence. All the characters in the novel are measured against Colonel Wain, who stands for everything in Canada’s colonial past that should be rejected. In the Wains’ family history is encapsulated the history of the nation. The founder of the Wain line in Canada was a sergeant who fought with Major General James Wolfe at Quebec. His grandson founded the family fortunes by privateering in the War of 1812. With the proceeds, he had started a trade with the WestShow MoreRelatedMultinational Corporations ( Mncs ) Role2182 Words   |  9 Pagesdoes not say the profit maximisation purpose. The Milton Friedman was insisting the same concept of free market and corporate should operate for shareholders and if they want to do any charity let they do by themselves instead of corporations. In his Book, Capitalism and Freedom , he insisted the corporations has to operate the business by using its resources and maximise the wealth till they play within the permitted law ie., make profits wi thout any deception or fraud. Some examples to show the CSRRead MoreThe Relation Between Stock Market And Market Activities Development3018 Words   |  13 PagesCommission (SEC) of Nigeria, elaborated the roles of Nigerian Capital Market and market activities in the Nigerian financial sector stability (Adekunle, 2010: 8): The importance of the capital market as a barometer of economic performance can be inferred from daily news reporting. Media organizations report daily the performance of the capital market aggregates (especially the stock market index) and individual stocks. The reporting of the performance of different markets across the globe indicates theRead MoreInternational Hrm Analyses for Haelec Products Ltd Essay4197 Words   |  17 Pagesabroad it might not all be suitable to implement the same policies into the country that you are moving to. Therefore, this report looks at the various aspects a company needs to look at when considering moving to another country. As well as that, this report looks at the culture differences for each country and the difficulties with managing people internationally. The report will also provide information on whether a ‘Best Fit’ or ‘Best Practice’ should be taken when looking at the following HR activities:- Read MoreAnnual Report12563 Words   |  51 PagesAnnual Report Workbook Getting under the hood of an Annual Report and knowing what’s inside by Donald Bittar Introduction You can use this workbook for analyzing many companies and saving your analysis for each one, like many professionals. Just like them, over time, you can compare a company’s actual performance to your analysis and predictions. Saving your analysis sheets can help sharpen you analytical skills. The questions in the workbook are numbered the same way as theyRead MoreInternship Report on Security Stock Exchange of Bangladesh10868 Words   |  44 PagesChittagong (Dhaka Campus) Submission of the OCP report Dear Sir, I am glad to submit my OCP report title â€Å"Stock market bubble in Bangladesh: Causes and Remedies† a report based on Recent Share market crisis and retrospective crisis in all over the world for the Last three months.This report is very much significant as it is one of the most requirements of M.B.A program. This report is very significant as it is an outcome of M.B.A Program. This report is brief summary of the Present Share marketRead MoreFutures Contract and Market9062 Words   |  37 Pages A PROJECT REPORT ON AN ANALYTICL STUDY OF DERIVATIVES IN FUTURES WITH REFERENCE TO UNICON SECURITIES Submitted in partial fulfillment for the award of the Master of Business Administration [pic] I, under signed here by declare that the project report entitled â€Å"AN ANALYTICAL STUDY OF DERIVATIVES IN FUTURES WITH REFERENCE TO UNICON SECURITIES†, and this project is submitted to XXXXXX, affiliated to XXXX, is drafted by me and is original work of my own. Read MoreRatio Analysis Comparative Study7342 Words   |  30 PagesOF BHUSHAN STEEL† PROJECT REPORT 2009 Submitted for the partial fulfillment of the requirement for the award Of POST GRADUATE DIPLOMA IN MANAGEMENT SUBMITTED BY AVINASH KUMAR JHA ROLL NO-8073 UNDER THE SUPERVISION OF Prof. GUNJAN AGARWALL Department of Management INSTITUTE OF MANAGEMENT EDUCATION INSTITUTE OF MANAGEMENT EDUCATION G.T Road, Sahibabad, Ghaziabad (U.P) DEPARTMENT OF MANAGEMENT CERTIFICATE This is to certify that the Project Report entitled â€Å"RATIO ANALYSIS ANDRead MoreLast 5 Years Trend Analysis Report of a Company6742 Words   |  27 Pagesâ€Å"RATIO ANALYSIS AND COMPARATIVE BALANCE SHEET OF BHUSHAN STEEL† PROJECT REPORT Executive Summary Every countries economic condition depends upon the performance of its Industry. How the investors are interested in it as it will help in the increment in the flow of foreign exchange. A sound and well performing industry will always attract investors as it will give them a return in a less time period. But it is not easy for a layman to understand or to properly analyze the performance ofRead MoreA STUDY ON SUCCESSION PLANNING AND ITS5232 Words   |  21 Pagesexpectations of staying with an employer for decades and hoped that after a few years of distinguished service they might be invited to join the ranks of management trainees. With the luxury of time, supervisors had the opportunity to observe direct reports across many situations and guide employees with high potential toward future career opportunities. In short, it was every supervisor’s responsibility to develop the next generation of leaders. This focus on future talent lasted into the ’70s for someRead MoreWomen Leadership5209 Words   |  21 Pagesapplication of a ―harderâ€â€" leadership style, they are disliked and disparaged. ï‚ · People do not listen to or take direction from women as comfortably as from men The stereotype that women are more talkative than men is unsupported by evidence. Women report that they do not feel listened to, that when they speak in meetings their comments and suggestions are ignored or belittled—and that the same comments or suggestions from men have more impact. Field studies of small group meetings in organizations

Reaction Paper for Pirates of the Silicon Valley - 1057 Words

REACTION PAPER â€Å"PIRATES OF THE SILICON VALLEY† When announced that were going to watch a movie about computer evolution, I was like oh no! for sure this will serve as my sleeping pill for today. But as the story goes, it is very interesting, very inspiring that makes me want to know more about Bill Gates and Steve Jobs. The movie Pirates of Silicon Valley is a film based on the book Fire in the Valley: The Making of the Personal Computer by Paul Freiberger. The movie took off w/ Steve Jobs talking to a director, which happened in the middle of a commercial for Apple Computer. The commercial ended w/ a girl running and throwing a hammer to the screen, shattering and making it explode. The movie then transitions to a†¦show more content†¦It looks easy as i summarized the story but it wasnt. Steve Jobs continues to deal w/ his temper problem, he couldnt manage his personal life resulting to unprofessional treatment to his employees his friend Steve Wozniak (based on the movie). He even can’t accept his daughter w hich he named LISA from her girlfriend. With Apples success he also assigned John Sculley who came from Pepsi Cola as a President for Apple Inc. After such, they visited Xerox at Palo Alto Research Center wherein they had an idea after a demonstration of a new 3 button computer mouse, they improved the mouse and added it to their Apple computer. They also introduced Graphic User Interface which they also got from Xerox Concept. With that additional feature on their computer, it made Apple expanded so fast and earned them more money. Steve Wozniak bought a plane and unfortunately had an accident, lost a bit of his memory w/c makes Steve Jobs to go on his own, w/o his partners wisdom in the meantime. On the other hand, Bill Gates concentrated on how people would need him. He said You survive because you make them need what you have, Keep your friends close but enemies closer. They went to IBM office to offer them what IBM needs to compete w/ Apple, they offered DOS (Disk Operating Sy stem) which they don’t have yet. Bill Gates has a talent in convincing people, in reverse psychology and has a good approach talking or negotiating w/ people wherein I find itShow MoreRelatedSadie Hawkins Day and Valentine Grams18321 Words   |  74 Pagesas celebrities, musicians and as themselves performing and sharing their skills. Piedmont Hills’ Special Education Department hosted the sixth annual â€Å"Stars for a Night† talent show with performers from Piedmont as well as performers from Evergreen Valley, Overfelt, Yerba Buena, Mt. Pleasant, Santa Teresa and Silver Creek high schools. The department made over $700 from selling tickets and food. Funds raised from this event will be going toward their special prom later in the year. The department hopesRead MoreMarketing and E-commerce Business65852 Words   |  264 PagesJUST BEGINNING Opening Case: Pinterest: A Picture Is Worth a Thousand Words Insight on Technology: Will Apps Make the Web Irrelevant? Insight on Business: Start-Up Boot Camp Insight on Society: Facebook and the Age of Privacy Case Study: The Pirate Bay: Searching for a Safe Haven CHAPTER 2 E-COMMERCE BUSINESS MODELS AND CONCEPTS Opening Case: Twitter’s Business Model Insight on Society: Foursquare: Check Your Privacy at the Door Insight on Business: Crowdfunding Takes Off Insight on Technology:Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesglOBalization! †¢ New Myth or Science? (â€Å"Personality Predicts the Performance of Entrepreneurs†) †¢ Introduces concepts related to dispositional self- and other-orientation †¢ New material regarding vocational choices †¢ New discussion of values and reactions to violations of employee values †¢ Major revision regarding Hofstede’s model of culture and its consequences †¢ Updated information on personality and expatriate success †¢ New Point–Counterpoint (Millennials Are More Narcissistic) †¢ New An EthicalRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesattempt to trade in advance of new information or shortly after it is revealed to financial markets, buying on good news and selling on bad. The underlying assum ption is that these traders can anticipate information announcements and gauge the market reaction to them better than the average investor in the market. For an information trader, the focus is on the relationship between information and changes in value, rather than on value, per se. Thus an information trader may buy an overvalued firm

President Nixon s Success And Failures - 944 Words

President Nixon’s Success And Failures President Richard Nixon came in power was the 37th president of the united stated elected in 1969. He is remembered as the first president to ever come out of office through resignation in 1974. He stepped down halfway in his second term in office or faces the threat of impeachment due to the efforts to cover up illegal activities that members of his administration had engaged in the Watergate scandal. He served as a former congressman and a two terms as vice president under Dwight Eisenhower during the in1950s. He contested against democrat john f Kennedy for presidency in which he was defeated. In 1968 he decided to context again and this time round won the elections. He had a mixture of success and failures during his administration as the president of the United States of America. President Nixon had a track record in his first term in office despite the disgrace in his second term that led to his resignation. He pursued reforms in welfare, health care, civil rights energy as well as the environmental policy. He believed that the policies had been based on national standards and not the idiosyncratic whims of 50 states. When the congress defeated his welfare and health care programs, he created the office of management and budget and office of energy policy for advice on oil policy as well as supporting the clean air act of 1970. Moreover, he established the environmental protection agency. †¨During his term in office, heShow MoreRelatedThe Failure Of Guerilla Warfare Methods During The Vietnam War1369 Words   |  6 Pages(1350)The Failure of Guerilla Warfare Methods in the Vietnam War: An Analysis of the Causality of the â€Å"Counter Insurgency† Governmental Policies and the Presidential Campaign of 1968 This colloquium will define the connection between various sources related to the â€Å"counter insurgency† policies of the American government throughout the 1960s that caused a slow escalation of the Vietnam War in the fight against communist expansion in Southeast Asia. The Campaign of 1968 defines the legacy of presidentRead MoreThe Watergate Scandal Of President Nixon1317 Words   |  6 PagesAlan Pilgreen 1. In order to accurately depict the Watergate scandal we will need to look into the history if the elements that made this event possible. In November of 1968 President Nixon was elected as president, he server from January 1969 to August 1974. President Nixon was a former Vice President to President Eisenhower from January 1953 to January 1961. In June of 1971 the New York Time began publishing documents that would be known as the Pentagon Papers. The Pentagon Papers documentedRead MoreRichard Nixon s Impact On The Nation1214 Words   |  5 Pages In his first couple of months in the oval office, Richard Nixon positively impacted the nation. As did most previous presidents do, Nixon had put himself right into action making sure he could build up and maintain and good reputation in office. But soon after completing his first term, disaster struck just as reelection was coming up. Nixon had destroyed his reputation, and by doing so showed the people how easy it was to be successful at a point and then lose it all due to one event, WatergateRead MoreVietnam Was Mass Murder Of People Of Different Socioeconomic Ideologies1455 Words   |  6 Pagesquickly to create an agreement. However, Kissinger made the mistakes of deceiving both Vietnamese countries by taking different political stances with the two. Additionally, he had overestimated how much South Vietnamese President Nguy?n Thi?u and American President Richard Nixon would be willing to work with each other. Furthermore, Kissinger had also not consulted with Thi?u during negations. Feeling betrayed and used, he blocked the treaty which could have brought a peaceful and earlier end toRead MoreEnron And The Watergate Of The Vietnam War1460 Words   |  6 Pagescounts of wire fraud, securities fraud, insider trading and money laundering among others. Flashback to June 17, 1972, and the Watergate burglars who initiated one of the largest and most talked about scandals in American history. Richard Nixon serve d as president from January of 1969 to August of 1974 and was Commander in Chief during the Vietnam War, one of America’s darkest hours. In June of 1971, The New York Times began running a series called â€Å"The Pentagon Papers† which was an expose of theRead MoreThe Defense Of Defense And The Cia983 Words   |  4 Pagesto be know as the â€Å"arms-for-hostages deal†. The money was used to finance the Contras in their battle against the Sandinistas. When the sales activities were discovered, there had been over 1,500 missiles already shipped to Iran and Reagan had no success in freeing the hostages. A few were once released, and then replaced in equal numbers. Reagan publicly denied the operations but fourteen persons were charged with crimes relating to these activities. The U.S. government regarded Fidel Castro withRead MorePresident Richard M. Nixon1524 Words   |  7 Pageshas been the nation’s leader for two terms, spanning five and a half years; unfortunately one decision causes him to lose the most important seat in the world. He is referred to as ‘The President of the United States’ but to the people of the free world, he was known as President Richard M. Nixon, the only president to ever step down from presidency. His resignation occurred August 9, 1974 about a year after his re-election. Resources say that he resigned so he would not face definite impeachmentRead MoreFidel Castro And The Cuban Revolution1517 Words   |  7 Pagesagainst Batista s forces. As anti-Batista sentiment grew, Castro took a leading role in the Cuban Revolution which eventually ousted the president.(Stevenson 118)Once in power, Castro nationalized American property and because of this the United States diplomatic relations with Cuba were cut in 1961. Even prior to the break in relations, President Eisenhower agreed to a CIA-backed plan to overthrow Fidel Castro. When John F. Kennedy was elected, he was informed of the CIA s plan. The newly electedRead MoreNgo Dinh Diem And The Vietnam War Essay956 Words   |  4 Pagesopposing a massive threat to the United States fearing this communist expansion. In 1962, John F. Kennedy, the new U.S president, decided that U.S. would continue to help South Vietnam, by sending American â€Å"military advisors† to help prepare its army, but it quickly understood that the Diem governance could not be saved. After Kennedy’s death, Lyndon B. Johnson, the new U.S president, faced a complicated situation in Vietnam, being that the South Vietnamese government was a disaster and the Viet CongRead MorePresident Richard Nixon : An Unethical Leader2085 Words   |  9 PagesDean Kunz SNCOA-ALE 19 May 2016 MSgt Blaine Holland Synthesis Essay on President Richard Nixon Scandal! I am not a crook, Watergate, impeachment, resignation, one final â€Å"two handed V†; which president comes to mind? President Richard M. Nixon was a visionary leader; but an unethical leader. This paper will examine two visionary leadership traits of President Nixon, two unethical leadership skills of Nixon and then look to my own career for two personal examples of visionary and two unethical

The Alchemist Free Essays

The Alchemist Essay In life, everyone has their own personal legend. Whether it be giving people a reason to remember the name or getting the dream job, the journey to a personal legend is not an easy one. A personal legend can take your entire life to achieve or even realize what it is! Santiago’s personal legend was to find the treasure, and although it was not an easy task to handle he managed to make it happen. We will write a custom essay sample on The Alchemist or any similar topic only for you Order Now Santiago would not have reached his personal legend without the dream that started it all (the call to adventure), the obstacles that ended up helping him( tests, allies and enemies), or the people he met along the way (mentor). To begin with, Santiago would not have realized what his personal legend is without the dream. The dream reoccurred and at first Santiago tried to brush it off, but then he thought of it as an â€Å"omen†. This is his â€Å"Call to adventure†. From there, he decided he wanted to be a Sheppard and travel the world with sheep. Later on in the book he met the gypsy woman. She told him, â€Å"You must go to the pyramids in Egypt. I have never heard of them, but if it was a child who showed you them, they exist. Then you will find a treasure that will make you rich†(Coelho 14). If the gypsy would have never explained to him what the dream meant, he might have not known the true meaning of his personal legend, and would not be able to fulfill it. Continuing, the result of Santiago’s journey might not be the same if the obstacles that were in his way were not there. It’s kind of like the saying â€Å"One step back, two steps forward†, the obstacles that may have momentarily been bad or got in his way, actually ended up helping him in the long run or making him stronger. For example when Santiago lost all his money and had to work in the shop for a year or so, he ended up making money and learning to speak Arabic which was very useful for him. Finally, the mentors that Santiago met throughout the book were also very crucial to him reaching his personal legend. He met the gypsy woman who was almost as important as The Alchemist. Without the gypsy woman, Santiago may have interpreted the reoccurring dream he had (his call to adventure) incorrectly and never realized/achieved his personal legend. Another important character to the story was The Old King. He tells Santiago â€Å"They show that, when we strive to be better than we are, everything around us becomes better too. †(Coelho 150) There are many steps to achieving your personal legend. Everyone has one, but not everyone can fulfill their legend. One must first realize what it is and then go from there. In Santiago’s case, his three most important steps were his call to adventure, the tests, allies, and enemies he encountered, and the mentors he met along the way. How to cite The Alchemist, Essay examples The Alchemist Free Essays Having the ability to succeed to your personal legend, and find self discovery allows people to open their minds and see the world for what it really is and how everything has a purpose in life. The story The Alchemist, by Paulo Coelho, Santiago makes great change from beginning, to the end of his journey. From the start Santiago is just a shepherd with a small flock of sheep but when he learns of his personal legend, all of this changes. We will write a custom essay sample on The Alchemist or any similar topic only for you Order Now Initially, Santiago thinks he has fulfilled his goal by roaming the hills of Andalusia by being a simply shepherd. He believes that being a shepherd is a way of traveling but he never thought about what else could be out in the world. However, an old man who claims is the king of Salem comes to Santiago to give him the chance to travel more and see the greatness of the world, and to find his own personal legend. In the end, Santiago travels much farther than he ever dreamed about and see that everything in life is connected and becomes his own alchemist.Often in life, people are content with doing the same every day chores because there heart shows fear when they dream about dropping everything to find their own personal legend, because people do this they never succeed in finding true happiness or self – discovery through the journey they should have followed. However, if people can open up their mind to seeing the world around them they can follow their personal legend to its conclusion, since it is a person’s only real obligation in life.According to Undrai Fizer, â€Å"When you have discovered your destiny in God, you have just found the compass of life. Your destiny is the purpose or intentions of God for your life. † Therefore, an understanding of our destiny is important to improve our stay here on Earth. Initially, the protagonist wants to stay with his flock of sheep and be a simple shepherd who travels the hills of Andalusia. But Paulo Coelho teaches us the importance of self- discovery by taking us through the journey of a young shepherd, Santiago.Santiago’s depth of self- discovery at the beginning of the novel are shallow, and we see this when Coelho perceives him believing that travelling through Andalusia and experiencing a life as a shepherd is all he wanted to live for. A life of shepherding, Santiago feels was his dream. But something sparks; a dream that makes him realize that maybe just maybe there is more beyond simply travelling and seeing those castles and towns where others lived. Coelho justifies a turning point in Santiago where he will begin a pursuit of self discovery, all due to a reoccurring dream of hidden treasure. He is advised by a gypsy woman and an old man, King of Salem to seek out his dream that hold’s significance. â€Å"Never stop dreaming† the old man said. This makes Santiago’s want to achieve more in his life and experience the world that he has wanted to travel, by selling his flock of sheep to the King he heads off to a place where he will soon be taught how to read omens and to find his own personal legend. Santiago’s seeking and learning of the treasure is what will begin the journey which teaches us something about self discovery through this young shepherd. How to cite The Alchemist, Papers The Alchemist Free Essays

Social Impacts of Smart Phone Addiction Free Essays

There is a serious negative impact on social relationships with the widespread use of cell phones and smart phones. Notwithstanding the fact that technology allows people to be constantly connected to the world, it leads people to become even more disconnected from each other as well. The first evident change of the social norm Is that people are starting to have less real communication with others, and more plumbing. We will write a custom essay sample on Social Impacts of Smart Phone Addiction or any similar topic only for you Order Now It has become a very common sight In today’s society to snub someone In social setting by looking at a mobile phone Instead of paying attention to him or her. Besides, teenagers nowadays are testing all the time rather than chatting with friends and employees are receiving work-related phone calls or e-mails after work and even during holidays. It can Interrupt real social life. The Intimacy, one of basic human needs, Is hard to achieve or malting when a mobile phone keeps beeping with alerts, notifications, and e-mail reminders. To sustain good social life, It Is very Important for people to form meaningful relationships based upon mutual respect and sportiveness, and marked by a sense of loyalty, trust, and commitment with their family and friends in lieu of socializing online. Furthermore, reduced real life activities due to excessive use of mobile phones can bring isolation of individuals. People are becoming so distracted by their mobile phones that they are unable to make meaningful connections in social life. Some researchers even found that people re commonly choosing smartness instead of going to work or school and cultivating personal relationship. Some might contend that video chatting can substitute an actual meeting; however, it only provides a temporary solution in limited situations. Face-to-face interaction, which cannot be replaced with electronic devices, is absolutely essential for people. Therefore, people should not be so involved in their mobile phones and engage in actual human interaction. How to cite Social Impacts of Smart Phone Addiction, Papers

Social Impacts of Smart Phone Addiction Free Essays

There is a serious negative impact on social relationships with the widespread use of cell phones and smart phones. Notwithstanding the fact that technology allows people to be constantly connected to the world, it leads people to become even more disconnected from each other as well. The first evident change of the social norm Is that people are starting to have less real communication with others, and more plumbing. We will write a custom essay sample on Social Impacts of Smart Phone Addiction or any similar topic only for you Order Now It has become a very common sight In today’s society to snub someone In social setting by looking at a mobile phone Instead of paying attention to him or her. Besides, teenagers nowadays are testing all the time rather than chatting with friends and employees are receiving work-related phone calls or e-mails after work and even during holidays. It can Interrupt real social life. The Intimacy, one of basic human needs, Is hard to achieve or malting when a mobile phone keeps beeping with alerts, notifications, and e-mail reminders. To sustain good social life, It Is very Important for people to form meaningful relationships based upon mutual respect and sportiveness, and marked by a sense of loyalty, trust, and commitment with their family and friends in lieu of socializing online. Furthermore, reduced real life activities due to excessive use of mobile phones can bring isolation of individuals. People are becoming so distracted by their mobile phones that they are unable to make meaningful connections in social life. Some researchers even found that people re commonly choosing smartness instead of going to work or school and cultivating personal relationship. Some might contend that video chatting can substitute an actual meeting; however, it only provides a temporary solution in limited situations. Face-to-face interaction, which cannot be replaced with electronic devices, is absolutely essential for people. Therefore, people should not be so involved in their mobile phones and engage in actual human interaction. How to cite Social Impacts of Smart Phone Addiction, Papers

Tourism and Basic Needs free essay sample

Poorer countries should consider developing their tourist industry as they are predominantly agricultural, have sharply limited development prospects in the near future and tend to be heavily dependent on official development assistance as almost everything requires money. Tourism is an attractive tool that could solvooe these problems as the developing countries could invest in this industry to reap massive amount of profits which could speed up the development of the country’s economy and allow the basic needs of people to be met. Tourism is considered to be the most tactical approach for economic development, specifically in the poorer countries. When viewed as an export industry of the 3Gs, ‘ Get them in, Get their money and Get them out’, tourism has the greatest tendency to assist developing countries to move away from a dependency on agriculture and also, diversifying its sources of revenue. According to the World Economic Forum (WEF)’s study on tourism and travel, tourism industry creates most jobs in developing countries and their foreign earnings leapt from less than US$50 billion in 1990 to more than US$260 billion in 2007. We will write a custom essay sample on Tourism and Basic Needs or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page With such vast amount of revenue, this could jumpstart the local economy and provides quick capital injection. Furthermore, in the case of having inefficient or corrupted government, the tourism industry can also provide one source of direct earning to the poor people. Therefore, poorer countries should place the development of their tourist industry as their main priority because it would address the problem of insufficient funds and to better caters the basic needs of their own people. Basic needs of people often include food, clothing and medicine. Others are clean water and sanitation, adequate levels of nutrition, access to primary health care and basic education. To achieve all these, the government has to invest in the tourist industry such that it would play as a substantial role in job creation. In addition, good planning is also required of the local government. Good planning will allow poorer countries to benefit from high-value added tourism such as eco-tourism, medical tourism, educational tourism, adventure tourism and creative tourism which is a form of cultural tourism. Private tour guides are also an excellent way to get insight of the country and help the locals to earn an income. A recent trend is dark tourism which is a small niche market driven by varied motivations such as mourning, remembrance or macabre curiosity. The main draw of this is mostly due to their historical value rather than their associations with death and suffering. An example will be Cambodia which combines cultural and dark tourism in places like Angkor Wat and Tuol Sleng War musemum. Thus, with such planning and vast diversity of tourism, the locals will definitely benefit from them and would be self-sufficient in meeting their own basic needs. However, the environmental impact of the tourism industry on the locals must be considered. Where there is no benefit to offset the negative impact, developing the tourism industry may be just a raw deal. Hotels, discos, greater air, land, noise pollution and urban congestion would upset the tranquility of the area. Tourism can also lead to the creation of unsightly human structures that do not fit in the local architecture and would lead to the disturbance of the wildlife habitat which accompanies with the loss of biodiversity of plants and animals. Some tourism destinations may become victims of shifting taste. In this context, the excessive building and environment destruction are often associated to the traditional â€Å"sun and beach† tourism which may contribute to a destination’s saturation and its subsequent decline. Such example would be Spain’s Costa Brava. To counter to this problem, the local government of the poorer country needs to practice careful urban planning and introduce new laws and enforcement. Instead of the creation of infrastructure that do not fit into the local community, the government could consider building something that has the local colours as it may have a greater effect in attracting tourists to visit them. By doing so, it would reduce the chances of the traditional â€Å"sun and beach† tourism. In addition, the implementation of laws and enforcement would tackle the local greenery issues as this could reduce the impact on wildlife and plants. Therefore, only with these accompanying solutions, the problem can be reduced to the minimum and would prevent huge financial loss. In all, poorer countries should develop their tourist industry as it would provide them with an alternative source of financial income. This would also assist in the economic development as it brings in the much needed foreign currency which would benefit the locals as their basic needs could then be met.

Accounting Theory and Contemporary Issues IFRS Sustaining Report

Question: Describe about the Accounting Theory and Contemporary Issues for IFRS Sustaining Report. Answer: Introduction In the current business environment, most of the companies' board of directors, management team, and executives are investing more time and resources on the sustainability issue. The main environmental issues include carbon, use of water, biodiversity, use of technologies that are energy efficient, etc (CDSB, 2013). An effective step towards the implementation of sustainability practices throughout the world is the requirement of ensuring the environmental and sustainability accounting and reporting. For many academics, to examine the role of IFRS in supporting sustainability reporting is one of the interested areas. There are also various studies in the academic literature, which have researched the usefulness of IFRS to contribute in making the future of reporting. The main aim of this report is to critically analyzes the available literature that reflects on the utility of IFRS for sustainability reporting from both current and future perspectives. The report contains two parts, t he first part presents the literature on the identified issue, and the second part deals with a specific country of the choice in order to discuss both current and potential use of the accounting standards to support sustainability reporting. The selected country for this report is Japan. Part A: IFRS Usefulness It is assessed that for the purpose of financial reporting, 'International Financial Reporting Standards' (IFRS) have become the real global standard. The increasing use of this standard by different countries validates its quality to ensure the compliance with different national and international regulatory frameworks (IFRS 2015). But, at the same time, it is difficult to determine the usefulness of IFRS for sustainability reporting. The below section presents an analysis of the available literature, which suggests the IFRS's effectiveness in concern to the environmental reporting. The study by Hendrik and Wieriks (2013) discusses the potential usefulness of IFRS for the purpose of sustainability reporting. By referencing to the IFRS, the authors argued that there are likely important benefits in the framework of financial reporting for the environmental and sustainability reporting (ESR). It is because it provides the context within which effective practices for the reporting of sustainability issues can be developed and operated. The authors contended that the different requirements of IFRS including the reporting objectives, the users, measurements, and the qualitative features are relevant to the ESR in a similar way as they are to the monetary information. It shows the potential usefulness of IFRS for ESR. At the same time, Apergis, Eleftheriou, and Payne (2013) argued that IFRS is beneficial for the sustainability reporting because it provides incentives for a environmental sustainable firm. For instance, the scholars illustrated that the IFRS authorities partly act an organizational eco-innovation that permits companies to follow new regulatory structures and environmental schemes in order to cut down the industrial pollution and waste as well as getting better the quality of the products/services through the introduction of inputs of the production that are environmentally superior. They also argued that IFRS as a mandatory regulation forces companies to embrace eco-innovating systems. For the reason, firms, which are not environmental sustainable can face many penalty risks as they have not reduced their pollution level. It shows that IFRS can be effective to promote the reporting for sustainability issues by firms worldwide. Concurrently, it is also evaluated from the study by Barbu, Dumontier, Feleag, and Feleag (2011) that mandatory disclosures such as IFRS address both monetary and non-monetary information and mention a firm's operations environmental impact including water, emissions, etc. IFRS is also beneficial to show a company's commitment to the environmental protection as well as the limitation of contrary effects of the economic activities on the natural environment. It suggests that the use of IFRS can be helpful to contribute in improving the effectiveness of sustainability reporting. At the same time, the authors also state that the IFRS compliance in relation to the environmental issues depends on the tradition that a firm follows in relation to the reporting of environmental disclosure. The authors also found that the size of the firms as well as national regulatory requirements matter in relation to the environmental reporting. They also conclude that the application of IFRS in relation to the environmental reporting can vary among different companies as well as in various countries. Thus, on the basis of above authors' views, it can be discussed that although IFRS is effective to support companies on the reporting of environmental issues, however as per the firm's current disclosure requirements and national conditions, a company can decide to use the IFRS for the reporting purpose. Similarly, Falkner (2013) suggests through his study that IFRS currently uses a high threshold for the firms to record risks and liabilities related to environmental issues in the financial statements. The main significance of this is that only in limited cases, the firms that have caused harm to environmental issues are being likely to report these as risks or liabilities. The author also confirms that IFRS does not discourage investors to divest from the firms that are not environmental sustainable or invest more in those firms that create benefits to the environment. It also reflects the high usefulness of IFRS for the sustainability reporting from both current and future positions. Additionally, it is also reviewed from the literature that IFRS provides various complete standards that renders a useful basis for assessing assets, expenditures, and liabilities related to environment. At the same time, as the IFRS as an accounting practice is featured by identification, measurement and disclosure, it has the potential to bring accountability in the context of sustainability reporting. Concurrently, as more than 100 countries provide legal support to IFRS, it has also capability to contribute in environmental reporting and accountability into both regulatory frameworks and financial markets (Beatty and Samuelson, 2012). Overall, it can be discussed that IFRS can be useful for improving the effectiveness of sustainability reporting. It is because it suggests ways to adopt effective environmental strategies, provide a solid background for the accounting and reporting purpose, and ensure the increased accountability in this area. Part 2: Accounting Standards in Japan Overview It is assessed that in Japan, since 1998, the number of companies issuing environmental reports are rapidly increasing. At the same time, it is also found that the companies are also providing monetary environmental accounting information in the sustainability reporting. There are several reasons behind the increasing trend towards environmental reporting. It is evaluated that government initiatives are the main reason behind increasing sustainability reporting and disclosure of environmental accounting information. To support corporate ESR, the Ministry of Environment in Japan has issued 'Environmental Reporting Guidelines: Guidance for Publishing Environmental Reporting: Fiscal year 2000 version' (Saka, 2003). These guidelines draft the reporting principle, content and the structure of the sustainability report. Additionally, there are also other reasons such as award system for environmental reporting, rating agencies, growth of eco-fund, certifications SO14001', and credibility o f environmental information that result in increasing ESR in Japan. In the world, Japan is the third largest economy and remains to be a major capital market worldwide. A range of measures have introduced by Government agencies, business organizations and groups of investor in Japan that encourage companies to report on the risks related to their climate change as well as performance, strategies, and opportunities (CDSB, 2013). Japan moves one step ahead to support sustainability reporting with the introduction of Climate Disclosure Standards Board (CDSB) in the year 2012. CDSB depends on and adopts applicable principles from reporting practices that are exist already and also from established financial and governance reporting practices in order to support sustainability reporting (CDSB, 2013). Accounting Standards In a general way, Japan has also contributed in the area of sustainability reporting and in a specific manner, in the field of environmental accounting and auditing. 'The Japanese Institute of Certified Public Accountants' (JICPA) developed an 'environmental auditing subcommittee' that was followed by other different committees including greenhouse gas emissions, CSR information technical and CSR assurance, etc (Visser, 2012). The data also demonstrates that Japan continues to be among the leading environment and sustainability reporter in the world (Visser, 2012). It shows that the government in Japan is a major factor to promote environmental accounting, auditing, and reporting. The below section defines the accounting standards that are currently used and have the potential to support ES reporting. Japan Environmental Policy Priorities Index (JEPIX): In Japan, other than publically authorized and government recommended environmental accounting methods, some privately adopted standards such as JEPIX are used increasingly for sustainability reporting (Schaltegger, Bennett, and Burritt, 2006). It is evaluated that many leading companies in Japan have introduced JEPIX as an eco-efficient and ecological accounting system for preparing sustainability reporting. The benefit of following this standard is that it allows to reveal environmental and sustainability data with greater reliability, relevancy, and comparability. Mandatory GHG accounting system The 2005 Mandatory GHG accounting system is the main standard that assists sustainability reporting in Japan. It was introduced under 'the 2005 Act on Promotion of Global Warming Countermeasures' (Kauffmann, Less, and Teichmann, 2012). The main aim of this accounting standard of Japan is to declare and visualize greenhouse gas emissions information in public in order to encourage business people to take voluntary actions. There are four kinds of GHG reporting schemes in Japan that can be followed by companies for reporting purpose. These include 'Japanese Voluntary Emission Trading Scheme (JVETS) (2005), Mandatory GHG Accounting and Reporting System (2006), Experimental Emissions Trading Scheme (2008), and Tokyo ETS (2010)' (Kauffmann, Less, and Teichmann, 2012). Among all these standards JVETS and EETS are voluntary schemes while GHG accounting system and Tokyo ETS are compulsory systems. It is evaluated that after the implementation of GHG accounting standard, the disclosure of car bon emissions and other information about sustainability and environment have increased in Japan. It shows that this accounting standard plays an important role to support reporting on environment since 2005. GRI Standard GRI sustainability reporting framework is the most widely followed model. The GRI model is an accumulation of different documents on the reporting guidance. All these documents were developed through a process, which involve multi-stakeholders as well as global review perspectives. Additionally, it is beneficial because its design supports firms in developing sustainability reports and environment, social, and governance (ESG) disclosures (EY and Boston College Center for Corporate Citizenship, 2013). The main usefulness of GRI for preparing sustainability reports is that on one hand, it provides a standard format of reporting, and on the other hand, it renders effective guidance related to material issues (Deloitte, 2014). The main emphasize of GRI is that the firms consider those social and environmental aspects that are most important to the stakeholders as well as can have the significant impacts on the business. Concurrently, as many investors globally want assurance about susta inability information, the use of GRI framework can be beneficial for enhancing assurance about sustainability reporting in Japan. Moreover, around the world, the guideline by GRI are specified as a practical manual that outlines reporting principles, standards for disclosure, as well as approaches to strengthen the sustainability reporting. It is assessed that GRI guidelines emphasize on human rights, labor patterns, and fair working terms, But, these are not common issues in Japan, which is the reason that only a few firms make references of these in their sustainability reporting. It is also evaluated that in the context of ESG, Japanese companies incline to be strong in the environment (E), but weaker in the areas like social (S) and governance (G) (Naomichi, 2016). It indicates that the focus on socially responsible management will be a challenge for companies in Japan in relation to sustainability reporting. The report by Naomichi (2016) also suggests that as nowadays, Japanese companies are the part of global economy, it will create the need for most of the companies to follow standards and the disclosure requirements that are accepted internationally for the purpose of sustainability reporting. It also demonstrates that GRI guidelines are not thoroughly followed in Japan for sustainability reporting, but there is need to ensure compliance with these guidelines in order to ensure the success at global marketplace. Benefits of Implementing Accounting Standards for preparing Reports in Japan The use of accounting standards to prepare sustainability reports provide several benefits to companies. These benefits are effective to indicate the potential use of these standards to support sustainability reporting in Japan. The below section summarizes these benefits. Efficiency, Innovation, and Management of Waste: The use of accounting standards like GRI and IFRS in preparing environmental reports can be beneficial for a firm to develop new ways to gather data as well as to think differently to adopt long-held practices. Furthermore, the collected data from the reports may support firms to adopt innovative process, know about growth areas, and reduce waste. For instance, IFRS is an effective standard that encourages companies to adopt innovative environmental processes to reduce the adverse impact and make sure about the long-term business survival (Hull and Rothenberg, 2008). It shows that the adoption of this standard can be beneficial to support sustainability reporting in Japan. Employee Loyalty and Financial Performance: It is also assessed that when companies use international accounting standards for sustainability reporting, it also provides them several tangible and intangible benefits. The main intangible benefits include reputation, increased customer satisfaction, and employee loyalty (EY and Boston College Center for Corporate Citizenship, 2013). In this, it is assessed that environmental reporting positively influences employees' to perform better and contribute in increasing overall business productivity. It also provides a tool to the company to improve current recruitment practices as it develops firm's reputation in disclosure and responsibilities areas. At the same time, the development of such reports is also supportive to attain customers' trust and develop loyalty as nowadays, many consumers believe in a sustainable organization. In addition to these benefits, preparation of sustainability reports is also beneficial to improve overall financial performance. It is helpful to improve f irm's liquidity position as well as share price resulting in increasing the financial performance (Lang, Lins, and Maffett, 2012). Management of the Risk: Accounting standards also reflect that the firms that report on organizational environment and sustainability can be better able to forecast and manage different business risks. It is because the development of sustainability reporting may permits firms to predict and organize for issues related to communities of operations, enhance alertness in process improvement, and forecast for future materials scarcity (EY and Boston College Center for Corporate Citizenship, 2013). For example, many global firms follow GRI standard in order to consider issues related to supply chain sustainability. Thus, it shows that the use of international standards in preparing sustainability reports can be beneficial for effective risk management. Thus, it is clear from the above discussion that the adoption of GRI frameworks and other standards for reporting provide transparency that further offers many social and financial benefits. In contrast, it is also assessed that the development of sustainability reports as par international standards like GRI and others require lot of work that can increase the total business cost. But, at the same time, as the benefits of these standards outweigh their cost, these can be supportive to promote the use of sustainability reporting in Japan. Conclusion From the above discussion, it can be summarized that IFRS is useful for sustainability reporting. It can be summarized that IFRS provides an effective framework for developing reports. It can also be stated that IFRS's requirements related to the objectives, measures, and qualitative comparison characteristics can be effective to prepare both financial and non-financial reports. It is the reason that IFRS has the potential to prepare effective sustainability reporting. At the same time, it can also be concluded that as the international standards such as IFRS assists companies to adopt effective strategies and techniques to ensure environmental sustainability, these can be useful in future for making effective reports in the area of environment and sustainability. In addition to this, it can also be stated that the use of accounting standards can be beneficial to support sustainability reporting in Japan. It is found that currently, GHG accounting standard supports environmental and sustainability reporting in Japan. It can also be concluded that GHG is an effective standard for assisting in reporting about sustainability in Japan. In last, it can also be concluded that in regard to the future, the use of international standards such as IFRS, GRI, etc. can be beneficial. It is because as currently, most of the Japanese companies operate their business globally, the application of these standards will be beneficial to enhance the credibility towards the reports. References Apergis, N., Eleftheriou, S. and Payne, J. E. (2013) The relationship between international financial reporting standards, carbon emissions, and RD expenditures: Evidence from European manufacturing firms. Ecological Economics 88, pp. 5766. 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