Essays on Debacle

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Accounting Standard Setting under the Australian Conceptual Framework and Application in Business Practices

Introduction A conceptual framework establishes the concepts and provides the guidelines that underlie financial reporting. As a coherent system of notions that flow from an objective, which in turn serve to identify the purpose of financial reporting, a conceptual framework also provides guidance on the identification of the boundaries of financial reporting. Its concepts further provide guidance on the selection of transactions, related events, and circumstances to be presented, and how such elements should be summarized and ultimately reported (Financial Accounting Standards Board [FASB], 2008). One such conceptual ...

Many people agree that the most severe crimes deserve the most severe punishment. A great deal of people views the death penalty as a just and the most appropriate measure in this case. But do you know how many executions were carried out since 1978? Only thirteen. And these thirteen deaths cost about $4 billion taken from the pocket of California taxpayers (Alarcon and Mitchell 541). Impressive numbers, aren’t they? These figures speak for themselves. The death penalty system turned out to be ineffective and has to be replaced with more productive measures. The Proposition 34 is a ...

Introduction to Public Relations

The Subway yoga mat social media campaign was informed by the leak that the company was still using a chemical component used in the production of rubber and yoga mats in the preservation of food. The large corporation did not apply universal standard when deciding on the regions that would use the component. Even though the chemical has been approved by the food and drug agency in America, other parts of the world have restricted its use even in the non-food industries. Therefore, from the perspective of the company’ and the management, the use of the component in the ...

Introduction

Three-circle analysis is a tool that allows management to give an internal analysis of the organization. Through the analysis, strategies assess the needs of customers, competitors’ offerings, and company offerings for clearly articulating the competitive advantage of the company and way it differentiates itself from its competition. The paper presents the analysis of Netflix’s competitive strategy in the light of three-circle model to better illustrate customers’ needs, company’s offerings, and competitors’ offerings.

Most Important Customer Segments Need or Want from the Product or Service

The first circle represents the consensus of the team on the most important needs or wants of the segment of customers (Pearce, Robinson & Mital, 2012). ...

Humour at the Workplace

An increasing body of research points out that humor has considerable positive effects on the workplace environment (Loyalka). Humor has been shown to relieve stress leading to healthier and happier employees which in turn is manifested through increased productivity. However, as is the case with any aspect of the workplace and life for that matter, there is always need for moderation. There is a very fine line between being merely funny and offensive. In the case of Jim, it is evident that his apparent transitioning from male to female is bound to attract some form of satire which in ...