FINANCIAL REPORTING & ANALYSIS Essay Example | Topics and Well Written Essays - 2000 words

FINANCIAL REPORTING & ANALYSIS - Essay Example ent by taking into consideration the concepts of capital maintenance and also analyse the general purpose of financial statements while considering the information provided in the key components of financial statements. In a wide systems-based perspective, an organisation is part of a much broader social system: the entity is presumed to be persuaded by, and, in effect, to have power on, the society wherein it operates (RudÃ… ¾ionienÄâ€" 2006, p. 52). Therefore, an organisation must pay attention to the expectation of specific users of accounting information so as to gratify the interests of all users (customers, employees, suppliers, capital providers, all users, regulators and foreign suppliers and customers) in order to acquire information for their decision-making. Stakeholders need truthful and informative accounting information for them to make the accurate decisions (RudÃ… ¾ionienÄâ€" 2006, p. 52). Enterprise’s financial accounting regulation (as an entity of accounting methods, principles and rules used for accounting and preparing and presenting financial statements) making process, according to Deegan (2003, p. 19) is vital, not just for the firm’s management, but for stak eholders, as well, who utilise the financial accounting data. Nevertheless, there is an inverse relation in that stakeholder’s interests might persuade a firm’s financial accounting law-making. The key elements of financial accounting law-making, according to Deaconu, Nistor, & Popa (2009, p. 40) are financial accounting policy selection, as well as its full disclosure in financial statements. The full disclosure financial accounting policy in financial statements is significant for stakeholders, as well: financial statements must be made, not just for regulators and investors, but also for other significant and non-significant stakeholders in order for a company to feel accountable in the community or society where it performs. Stakeholders require truthful and informative accounting

Literature Review Essay Example | Topics and Well Written Essays - 500 words - 1

Literature Review - Essay Example Kennedy (2008) however argues that the overall interests of the transsexual children are ignored by both the schools as well as the families besides department of children is also paying attention to them. (KENNEDY). This argument is therefore in conformity with the arguments of Dewey who claim that transsexual children internalize different environments on their own and plan their strategies in a manner that allow them to comply with the changing conditions besides allowing them to deal with their future medical conditions. The synthesis of both of these articles therefore would suggest that though the transsexual children are ignored by their families, schools and even the department of children, however, they have the capability to develop their own internal images of how to deal with the different difficult and easier situations. This development therefore contributes towards the achievement of their necessary survival within the society. Menvielle (2009) also argues on the role of families in helping their children to learn to cope with the reality of transsexuality and whether a child is helped to make a transition to genders from the stage of puberty is discussed. (Menvielle). Menwielle however provides a description of how families can be taught and trained to deal with the challenging situation of dealing with their children and helping them to make a transition. This argument therefore inherently points out towards the fact that existing family system and values may be insufficient in providing deliberate support to such children to face the difficult situations in life and make successful transitiona and go through various developmental stages easily. What is significant however, about the arguments of all three arguments is the fact that Kenney provides evidence regarding the role of schools and families in helping their children to better cope with the reality. Menvielle therefore provides further evidence as to how the