Ethnics Unit 3 DB Essay Example for Free

Ethnics Unit 3 DB Essay In the business and corporate world of the contemporary society, this is a dominant principle currently being applied and observed by the group of the employers as well as the employees. This principle is regarding the current biological and physiological condition of a certain employee and connection with the personal aspect of drug use. This principle is mainly that drug use is and should be regarded as personal information thus it is rightfully private in nature and that employers should only access it on a need-to-know basis or only in exceptionally cases.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The said statement is indeed logical and that it should be dominantly applied and observed in the corporate world especially the employer’s side. However, the said statement also expressively given also rights for he employers to know on exceptional cases.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Employers indeed are notably to be on the perspective of pursuing the interest of the business and the protection of its safety and stability. On this reason, the must require full comprehension regarding the background and condition of their employees as their need-to-know basis. However, drug use information should be held rightfully private if the said information has no connection and/or present or future influence on the condition of the employee and its ability. Other cases such as personal matters pertaining to the employee’s physical and medical condition should hold the drug use information of the said personnel to be accessible for the employers. In this aspect, if indeed the safety and medical condition of the employee is greatly affected by the drug use information of the employee and that the working condition and ability of the said individual is affected by the his or her history of drug use, then the employer should have the right to know the said information as included in the exceptional cases entailed in the previous statement. In addition, if the drug use information is generally therapeutical and medical in nature, then the information should be publicly disclosed to the employers for safety purposes. Bibliography    Humber, James M. (1992). Privacy in the Corporation. Business Ethics. Prometheus Books, New York. Pages 250-60.

Athletes Essay -- Sports, High Salary

How much money does the average person really need to be able to eat three times a day, have a roof over their head, send their children to school and have a car? All this could be done on an income between $30,000 and $40,000 easily. But somehow it was decided that people who labour harder than most, city workers, janitors and factory workers, would be paid less than someone who sits behind a desk all day or someone who plays a game for a living. Today athletes are the highest paid people in the country, with the exception of Donald Trump and his toupee. It is ridiculous to believe that someone is really worth hundreds of millions of dollars, and all they have to do is play a sport that millions of people would play for free if given the chance. Therefore, I strongly believe that professional athletes are overpaid due to several reasons. Schingle stated that personal athletes get paid what the market will bear (2008). If attendance at sporting events were to decrease, or advertising dollars were to dry up, they would start getting paid less (Schingle 2008). Since professional sports are a form of entertainment, Schingle said that in America, people pay for their entertainers dearly (2008). Moreover, Schingle compared sports with other field which is Hollywood where he stated that actors are also overpaid in their industry (2008). Bate stressed that most people are jealous that they keep complaining about athlete’s pays (2008). Some people claimed that they pay the athlete’s wages through the ticket money but they did not realize that the endless demand for the tickets and the thirst for the game is what created the high wages (Bate 2008). An athlete has to sacrifice a lot to reach the top of his profession which is being a pr... ... in Africa who are dying from hunger (2008). On top of that, the money can be used for other beneficial things such as increase the salary of doctors, engineers, low paid factory workers working 12 hours a day and make this world a better place to live in (Wadhwa 2008). Lastly, Wadhwa stressed that athletes entertain us but they do not save lives or make this world a better place to live, like doctors and other workers who spend the whole life time just earning enough to survive (Wadhwa 2008). In conclusion, the reason that the athletes are overpaid because of the market demand is not acceptable because the individual’s greed, the owner’s greed and the fact that sports are only for entertainment make it clear that athletes are overpaid for no beneficial reasons. The government should control the flow of money and use it for the development of the country.

Facebook Manic Essay

Facebook is a social networking service launched in February 4, 2004, owned and operated by Facebook, Incorporated. The name of the service stems from the colloquial name for the book given to students at the start of the academic year by some university administrations in the United States to help students get to know each other. Facebook was founded by Mark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin (business aspects), Andrew McCollum, (graphic artist), Dustin Moskovitz (programmer), and Chris Hughes. According to The Harvard Crimson, the site was comparable to â€Å"Hot or Not† and used photos compiled from the online facebooks of nine houses, placing two next to each other at a time and asking users to choose the ‘hotter’ person. The website’s membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities before opening to high school students, and eventually to anyone aged 13 and over. Facebook has affected the social life and activity of people in various ways. With its availability on many mobile devices. Facebook allows users to continuously stay in touch with friends, relatives and other acquaintances wherever they are in the world, as long as there is access to the Internet. It can also unite people with common interests and/or beliefs through groups and other pages, and has been known to reunite lost family members and friends because of the widespread reach of its network. January 2009 Compete.com study ranked Facebook as the most used social networking service by worldwide monthly active users. Quantcast estimates Facebook has 138.9 million monthly unique U.S. visitors in May 2011. According to Social Media Today, in April 2010 an estimated 41.6% of the U.S. population had a Facebook account. Facebook has turned into a national obsession in the United States, resulting in vast amounts of time lost and encouraging narcissism. Facebook being one of the most famous social networking site comes with it’s own pros and cons. There are many disadvantages of using facebook. Many people believe that  facebook has a lot of advantages and is convenient to use. But they ignore all the disadvantages that come with it. Excess of everything is bad and the statement is true for facebook.

Collection of Quotations about Courage

A courageous person is one who stands tall in times of adversity, someone who follows his or her convictions despite difficult odds. You need a great deal of courage to reattempt a task after initial failure. Sometimes it can help to hear the words of other people who have gone through crises and been successful at overcoming obstacles. When problems loom large, reading some of these quotes of courage can give you renewed hope and a fresh perspective. Quotes About Courage from Athletes There may be people that have more talent than you, but theres no excuse for anyone to work harder than you do. — Derek Jeter, retired New York Yankees shortstop who won five World Series titles with the team.   It isnt the mountains ahead to climb that wear you out; its the pebble in your shoe. — Muhammad Ali, heavyweight champion boxer who defied racism and other obstacles.   Courage Quotes from Politicians Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.—Winston Churchill It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things.— President Theodore Roosevelt Efforts and courage are not enough without purpose and direction.— President  John F. KennedyYou gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. You must do the thing which you think you cannot do. — Eleanor Roosevelt, First Lady to President Fraklin Delano Roosevelt. I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.—  Nelson Mandela There are no easy answers, but there are simple answers. We must have the courage to do what we know is morally right.   Ã¢â‚¬â€Ronald Reagan Quotes about Courage from Writers History, despite its wrenching pain, cannot be unlived, but if faced with courage, need not be lived again.   Ã¢â‚¬â€Ã‚  Maya Angelou, American writer and poet who overcame a difficult childhood.   Life shrinks or expands in proportion to ones courage.   — Anais Nin It takes a lot of courage to show your dreams to someone else.  Ã¢â‚¬â€ Erma Bombeck, American writer and humorist.It is a blessed thing that in every age someone has had enough individuality and courage to stand by his own convictions.— Robert G. Ingersoll, Civil War veteran and orator Anonymous Quotes About Courage Sometimes, the most inspiring thoughts come from people whose names and identities have been lost to history. That doesnt make the sentiments any less compelling. Here are a few anonymous quotes about courage.   Courage is not defined by those who fought and did not fall, but by those who fought, fell and rose again.Each time we face our fear, we gain strength, courage, and confidence in the doing. True courage is not the absence of fear -- but the willingness to proceed in spite of it.

Artificial Intelligence in Daily Life - 738 Words

Since the advent of computing both scholars and writers have hypothesized about what might happen if machines evolved to the point that they became sentient. As computing became more and more complex and memory and advances in computer chip technology increased, the study of artificial intelligence and the idea of what might be possible for computers has also undergone a dramatic evolution. In fact, many contemporary computing applications at home, in vehicles, and in business already use Artificial Intelligence (AI) as a basis for many operations. Many of todays machines are designed to perform a specific task and function. Modern manufacturing has advanced because of robotics, and certainly this has dramatically changed the way the world works. Now, we move into a different future, one in which computers can self-replicate teach themselves and adapt to different conditions. In fact, the more complex they become, the more we will need them to repair and maintain themselves. Of cours e, there remains fear that once they reach a position of sentience, they will have no further need for human kind. However, long generational space exploration, or exploration into hostile environments for humans can easily be accomplished by robots, contributing to the betterment of humankind (Greenmeire, 2008). Despite the popular motion picture view of AI; from HAL in 2001: A Space Odyssey to Robin Williams in Bicentennial Man, the concept of AI can be defined in a number of ways. If we useShow MoreRelatedEssay On Artificial Intelligence738 Words   |  3 PagesArtificial intelligence is a beneficial form of technology used daily by humans around the world, and is widespread across society. It is used in almost every field of our lives, from our phones, to our food, and is devoted to making our day-to-day life easier. However, there is much debate worldwide about whether this technology is truly beneficial or not for society, as some choose to believe that it is doing more harm than good. Artificial intelligence (AI) is usually defined as the scienceRead MoreHistory And Development Of Artificial Intelligence1507 Words   |  7 Pagestechnology-based society as ours, artificial intelligence is becoming an important part of our daily lives. This research paper will explore the history and development of artificial intelligence, the places we can encounter them, the future they hold and the ethical dilemmas around this new technology. Although there was not a lot of technology in the 1950s, the idea of artificial intelligence, named by McCarthy, arose. The first form of artificial intelligence was a program with the ability toRead MoreDisadvantages Of Artificial Intelligence909 Words   |  4 Pagesconstantly changing lives easier. However, as we advance in society, controversies start up on the right and wrongs of how our mechanics or robots develop, specifically Artificial Intelligence robots. Artificial intelligence is the ability to understand how to control motion and responses based upon experience. Artificial intelligence in robots are based on human traits such as reasoning, knowledge, planning, learning, communication, perception, and movement and manipulation of objects.As of now, ourRead MoreComputer Science And Artificial Intelligence901 Words   |  4 PagesScience and Artificial Intelligence† by the National Research council staff, and published by National Academies Press, they talk about th e importance of Artificial intelligence in the department of defense, especially in this day and age. They talk about how AI could help increase national security while reducing the risk for humans in hostile environments (ch.2 pg. 14). Along with that, it states that if we could advance far enough, the goal is to entirely replace the need to risk human life or injuryRead MoreEssay On Artificial Intelligence1470 Words   |  6 PagesArtificial Intelligence, an acronym for AI. It is a new technical science in the research and development of intelligent theories, methods, techniques and applications for the simulation, extension and expansion of human beings. In my vision of the artificial intelligence in the future, artificial intelligence can not only manage the daily life of people, but also can become one of the family members to the human beings, and enjoy the same equal human rights. Even we can embed the mind of diedRead MoreThe Invention Of Artificial Intelligence1668 Words   |  7 PagesIn our lives today, we all use some form of Artificial Intelligence daily. Some of these activities include: using cellular apps (Google Maps, Siri, Cortana), playing video games, and listening to music. Although the use of Artificial Intelligence has made human life more efficient and effective, it has also insinuated reliance and unsuspecting ignorance into our minds as well, and we do not even see it coming. The history of Artificial Intelligence dates back to the 1950s. Approximately fourteenRead MoreSample Resume : Artificial Intelligence765 Words   |  4 Pagesapplying for admission to the Ph.D. programme in Artificial Intelligence. I have a background in computing at both B.Sc. and MSc. levels and due to the projection of emerging technologies and how everything is tilted towards Artificial Intelligence: I want a career in the field. Particularly, as Artificial Intelligence is one of the main research areas in Computer Science and how it will help me expand my knowledge scope and expertise in: web intelligence; intelligent interactive systems; human-robotRead MoreWarehouse Management Systems : AI And Cloud-Based Within WMS1255 Words   |  6 Pageseffectively, people create the Warehouse Management System (WMS) that I believe it could only do the simplest thing like tracking the storage locations at first. For now, majority of the large companies rely on the WMS to support and manage their daily organizing, planning, moving, storing, and controlling the utilization of the resources, materials, and products in the warehouses and distribution centers with technology supports. The WMS, a part of Enterprise Resource Planning (ERP), actually becomesRead MoreThe Future Of Artificial Intelligence1020 Words   |  5 PagesName: Kareem Toluwalope Student ID: B00781950 The Possible Future Of Artificial Intelligence (AI) Artificial Intelligence is the process of humanizing machines. Artificial Intelligence has a lot of benefits and disadvantages, which would increase in the coming years. Artificial Intelligence would be beneficial to humans because we have a lot to improve upon in our society. Artificial Intelligence would be a great asset, but it should be treated with caution. Machines with AI could be used in medicalRead MoreThe Effects Of Artificial Intelligence On Our Lives1326 Words   |  6 PagesArtificial Intelligence in Our Daily Life AI, or artificial intelligence, is the automation of human processes by means of machine learning, often done by computer systems. These processes include acquisition of complex information and a set rules bound to conclude a reasoning or approximate conclusions. Applications of AI includes expert systems, speech recognition, and machine vision. Goals To discuss the impact of artificial intelligence in our lives and provide a specific set of examples

All About Psalm 27 The Lord is My Light and My Salvation

Psalm 27: The Lord is My Light and My Salvation Hook: In saying â€Å"man’s chief end is ‘to glorify God and enjoy Him forever.’ But we shall then know that these are the same thing. Fully to enjoy is to glorify. In commanding us to glorify Him, God is inviting us to enjoy Him.† Importance of psalm: C.S. Lewis gives a clear example as to why the psalms are so important. To glorify God and to enjoy him through that glorification whether through praise, lament, thanksgiving, or wisdom. Contextual background info: David the author of this Psalm has been pursued by enemies (2-3), shut out from the house of the Lord (4), just parted from his father and mother (10) and subjected to slander (12). Name and explain genre of this psalm: Psalm 27 is called The Lord is My Light and My Salvation and consists of David lamenting to the Lord. He says â€Å"whom shall I fear, the Lord is the stronghold of my life; of whom shall I be afraid? In his grief David is hopeful, for he knows that he can wait upon the Lord. Central idea: Poetic figures give meaning and delight to the psalms because it points to the sanctuary of the Lord. Thesis (answer to my research question): The Sanctuary of the Lord is evident through metaphor, metonymy, anaphora, and other important literary devices. First poetic figure: metaphor v.1: The first poetic figure supports David’s refuge in God. â€Å"The Lord is my light and my salvation, whom shall I fear?† Metaphor is used by David giving a strong connection to God being hisShow MoreRelatedThe Lord Is My Light And My Salvation981 Words   |  4 PagesIntroduction The Lord is my light and my salvation (Ps 27:1), In Psalm 27 David talks about his faith with God. Firstly I am going to discuss what this Psalm meant to David and the context in which he wrote this as the young leader of the ancient Israelites. Also discussing how Psalm 27 is written in three separate parts at different periods of David’s life, but focussing on verses one to three. Secondly, we will relate what this scripture means to modern society in the context of both the NewRead MoreLight Shade: An Exegetical Brief of Psalms 272043 Words   |  9 PagesLight Shade: An Exegetical Brief of Psalms 27 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! â€Å"Light and Salvation†: An Exegetical Brief of Psalm 27 A. An outline and Structural Analysis! - Enemies and the Fear of the Lord (v1-3)! - The Psalmist’s One Petition (v4-6)! - Distress, but resolved to wait on Jehovah (v7-12)! - Reassurance (v13-14)! ! B. Introduction ! ! The book of Psalms consists of one hundred ï ¬ fty songs and prayers in the Wisdom literature section ofRead MoreEssay on Psalm 271423 Words   |  6 PagesPsalm 27 Psalm twenty-seven was superscribed before being anointed. It indicates when it was made, which was before David was anointed king over all of Israel. David is showing his gratitude for the salvation and the elevation received through Gods protection and showing his devotion to the Lord through this Psalm. In it he makes the request to be permitted to dwell in the house of the Lord all the days of his life. He expresses how much God means to him by worshiping Him with allRead MoreAll Strength Comes From God1137 Words   |  5 PagesAll Strength Comes From God The bible teaches us that we can live and rest in the strength and comfort that God provides when we face the problems and tribulations of the world. Give Him the glory. Anticipate and expect that God will fulfill His promises. The strength of God is a cornerstone principle of An Enduring Faith. (Read Psalms 91) 2 Chronicles 16:9  For the eyes of the LORD run to and fro throughout the whole earth, to show Himself strong on behalf of those whose heart is loyalRead MorePsalm 27 Displays Perfect Faith1177 Words   |  5 PagesPsalm 27 displays perfect faith in God. It erases all doubt and fear and asks for God to always be present in the speaker’s life. It asks for protection and salvation. The Psalm acknowledges difficulty and enemies and their power over the speaker, but he remains sure that God’s power reigns over all- even the most fearsome of adversaries. Psalm 27 opens with the lines â€Å"The Lord is my light and my salvation; whom shall I fear?† This line speaks to me because in life we all need light to workRead MoreThe Revelation Of Jesus Christ1566 Words   |  7 PagesGod and to the testimony of Jesus Christ, even to all that he saw.† John 1:1-2 (RSV) The book of Revelation is considered the final writings from John’s Gospel. Revelation is a unique book, which unveils future events, and final judgements. Growing up, this was the book we as children didn’t want the preacher to preach about. I grew up Holiness Pentecostal and this is the book that was preached on more than others. I believe I received salvation every week due to these lessons from Revelation. Read MoreThe Lord Has Helped Me1415 Words   |  6 Pagesin Christ and asked me questions about my faith, I prayed silently that the Holy Spirit would speck through me and open his eyes.† (Deadliest Monster pg. 61) The Lord has helped me in many situations in specking of my faith to others or telling others about the amazing gospel that Jesus died on the cross for our sins! Going to a park and giving random people the gospel isn’t easy but what is encouraging is when after asking a homeless guy if we could tell him about Christ I see a police man startRead MoreEssay about Old Testament Missions2368 Words   |  10 PagesTESTAMENT â€Å"Missions is the heart of God and the over all messege for all believers and is also he theme of the Bible.1 This missions unites all sixty-six books in the Bible. Paul makes known the mystery of the gospel Ephesians 3:6 stemming from the Old Testament, that it is also for the gentiles and not limited to the Jews only. From the very beginning of creation the gentiles, or all peoples not Jews, have been a part of the saving grace of the Lord. The apostles understood this plan and is evidentRead MoreMore On Getting Your Prayers Answered1621 Words   |  7 Pagesimportant things. First, there is another step; and, it may be the most important step after the step of salvation. It is forgiveness. When I first realized the importance of forgiveness my thought was, Oh! RATS! Why does THAT have to come into getting my prayers answered? I suppose it truly is about getting my prayers answered; but, even more important, it is about getting closer to the Lord. Anyway, if you are praying for something that is dreadfully and continually important to you, then youRead MoreWorldview As A Person s Perception Of Life And Perspective Of The World1615 Words   |  7 Pagesfirst two chapters of Genesis clearly state that God created all things, life included [Genesis 1:1, 11-13, 20-22, 24-31] (Holy Bible, 2011). God is the beginning and end, and He is the creator. Life did not just appear or suddenly come into being from nothing by some unknown source or reason. Romans 1:19-20 reminds man that God is the creator and that none can deny His hand in creation (Holy Bible, 2011). Life was created by God. All things originated from God. The first chapter of Genesis lays

The International Financial Reporting Standards

Questions: 1. Global standardization requires the United States to adopt IFRS. What do you think are some of the factors that might discourage it from fully adopting IFRS? 2. What are the perceived benefits that would flow when a country adopts IFRS? 3. Assuming you were a free-market supporter, you oppose not only the standardization of international accounting standards in Australia, but also fundamentally the implementation of accounting regulations within Australia. You are required to provide and explain the free-market arguments in favour of reducing or eliminating accounting regulations in Australia. 4. Assuming you are now a pro-regulation supporter, you are required to provide your counter arguments in favour of regulation. Your counter arguments should address and build upon issues relating to the free-market arguments which you have discussed in part (3) above. Answers: Introduction The International Financial Reporting Standards are a guideline to how organizations should treat their company accounts and make them understandable to an international way. This in simple terms means that an accountant from any part of the world should understand the books of accounts of an organization despite the country of origin. This helps creating the international equality through the shareholding and trading activities. Adoption of the standards replace the national standards of which many countries have joined while others feel they should be independent hence leave the international guidelines (Jeanjean Stolowy, 2008). Their formal standards replace the accounting standards of countries creating uniformity which creates a harmonized accounting against the different countries. They have helped organizations across the world in interpretation of their accounts and financial statements. Despite the international recognition of the standards, there exist some factors that di scourage some countries from fully adopting the policies of the organization. Countries have in the recent past come out from the jurisdiction of the guidelines as they push for independence through their own ways as they advocate for their own rules for writing and reporting on the financial statements of the organizations. The independent accounting regulations in the different countries are strong in some areas while others have less regards for the regulations. The IFRS are internationally recognized, however, the United Sates has some reservations on why it should not fully adopt the standardization from the body. (1). The global standardization has necessitated all the countries in the world to adopt the guidelines made by the IFRS as the uniform standard measurements within which they should prepare their books in an organization. However, the United States has adopted most of the guidelines but has in the recent past had some factors that have discouraged it from fully adopting the guidelines and requirements from the IFRS (Chua et al, 2012). This has raised the attention of the important stakeholders in the country as they push for disassociation from the international body. Despite being a super power and being a leader in the world, their move in rejecting some of the requirements have caught the attention of the world. Some of the reasons that they bring forward include the need to have an independent body of their own uncharacterized by the international forum. The United States accounting bodies feel they have come a long way to follow the guidelines like any other country hence the need to break forth and make their own guidelines as they feel there is some form of control of which they break forth (Burritt Schaltegger, 2014). They adopt some of the ideas that the international body has although they do not fully embrace all the guidelines and requirements of the body on how they should prepare their statements in the organization. This has in turn made the organizations in the country adopt other forms of preparing their financial statements through the standards brought by the countrys accountants after the agreements. Another factor that discourages the country from fully adopting the IFRS is that it considers the guidelines unfit for the SME which are more in number in the country. The cost of implementation at this economy may prove difficult for some organization as there are many requirements that the IFRS have to confirm that an organization follows their stated guidelines. The question brought forth further is the relevance and ability of the standards to fit all organizations in the country considering that the country has public companies, private companies, and non-governmental organizations of which there must be books of accounts prepared at the end of their financial years (Chalmers et al, 2011). The question for the standards is whether one set of standards fits all categories as there are many provisions in each type of organization making it easy or complicating the preparation and recognition of incomes and expenses in the organizations. Other reasons that the country brings forwards is the existence of the free market which gives the organizations and major stakeholders in the economy the power to have their own standards as long as they reflect the true and fair view position of their organizations. Most organizations feel that most of the guidelines by the IFRS are theoretical which becomes further complicated in implementing through the actions. They argue that there are many errors that happen within an organization after the adoption of the standards of which most are useless and irrelevant in the type of organization adopting the standard (Carlin Finch, 2010). The requirements of the IFRS are overrated which makes it superior to the other standards that the organization adopts in their books. They are not perfect and have their own shortcomings. Others find it more complicated to implement in their organizations as they have to expand their operations within the organization. The existence of sets of standards guiding the whole world is long overdue and despite the existence of the economy as a global platform, there is need to have independence from other economies. Countries develop at different paces and the presence of the same provisions in preparations of statements makes it irrelevant (Haswell Smith, 2008). A country like the United States does not operate within the same amount of resources like a third world country which means that the adoption of the standards in such a super power and the adoption of the guidelines in a third world country makes it irrelevant. There would be some form of imbalance as one deal with large issues than the other which would bring more complications in preparation of the books. This justifies the need to come up with independent guidelines free from adopting the required regulations by the IFRS in the country. (2). There are many benefits that come with a country that adopts the guidelines and the requirements as stipulated by the International Financial Reporting Standards. For starters, it allows an international investor understand their financial statements making it simple and fast for them to make investments in the country (Cairns et al, 2011). The fact that an investor can correctly interpret the statements and perceive the performance of the organization enables international investors have particular interest especially in countries that adopt the IFRS. For instance, it means an investor in Korea can understand the financial statements of an organization in Australia hence invest more money than in one that does not embrace the standards as set out by the IFRS (Godfrey et al, 2010). Such countries attract investors as they have some form of confidence in the type of information represented in the financial statements as the right information with no misrepresentation of the financial information of the organizations. Other benefits that such a country enjoys are that the IFRS gives guidelines and the task that such organizations have is in implementing such guidelines in their organizations which is not an hard task. They have to be updated with any financial information that the IFRS releases to its users to enable them function with the latest guidelines (Burritt Schaltegger, 2014). This is an easy task compared to coming up with new guidelines from scratch. It also means that auditors from any part of the world could perform an audit on the organization and come up with a true and fair view of the organization. Financial statements prepared using the set guidelines are presentable and there is a form of consistency from one period to another which allows easier decision making and comparison between one period and another (Fosbre et al, 2009). The consistency allows the management identifies any type of change that may happen within the organization as compared to an organization that does not follow a consistent method of preparing their financial statements from one period to another. The standards as stipulated by the IFRS allows an organization deal with different changes that happen and allows a quick and efficient decision making model as organizations follow the guidelines. Such benefits to an organization ensure that they do not spend quality time on adoption of other standards that would prove confusing to the employees (Brggen et al, 2009). The transition from the internationally recognized standards may also contradict the understanding of the employees as they have to embrace in new guidelines. A country that adopts the IFRS enjoys greater benefits on the international scene through the new improved condition of the world which translates it in a global village. The complexity of the transactions and the interconnections that exist within the world economies allow the countries that have adopted the IFRS have an easy understanding of such. Such a country would have a smooth transition in investing in other countries (Brimble Hodgson, 2007). Such global and internationally recognized standards are essential as they from the long term and short term basis through the decision making model. With the inception of new models through adoption of technological advancements, it becomes morally correct and provides a uniform base in the preparation of statements of accounts. (3). The existence of a free market in the economy of any country allows the institutions make their own independent decisions based on what they experience as opposed to some rules that have no idea on what happens on the ground. Standardization in the accounting standards is a good initiative but does not justify the need to have other bodies and organizations come up with their guidelines on what they feel suits their books of accounts as well as their financial statements (Schroeder et al, 2013) (Scott, 2014). The free-market allows adjustments and room to come up with the regulations and guidelines that work for an organization across all industries. It is common to find in the industries that since they are guided and bound by the regulations from the international reporting standards, there are some things they can do or not do as they write their books of accounts (Deegan, 2013). This acts as some form of control making it hard for the organizations to expand what they reflect in the books of accounts. In an indirect way, it has led to some form of stealing through bloating and over stating some items on the financial statements to fit what they want. This in turn does not reflect the true and fair value as they assume that they should. It is common to find some statements of accounts wrongly prepared especially through an audit. Such actions reveal many underlying problems in the organization as there are no definite and consistency through the way they provide their books of account (Collin et al, 2009). A free market on the other hand is an advantage to organizations as they capture all information that they would want represented in their books. Such does not limit what kind of information to include or exclude as such determines on the agreement of the organization. Such makes it possible to find some organizations in the same industry may include some things in the statements while other may not include. The freedom on such allows some form of flexibility to the organizations. Eliminating the accounting regulations in Australia will provide a big relief to organizations both public and private as they have the freedom within which to report their finances (Nobes Parker, 2008). Such will allow room for innovations and the industries develop an accepted mode of presenting their books of account. In the room for innovations, it means that the experts in accounting procedures will have to come up with standard ways that will capture the information of any organization. Such will allow the technological innovations in the industries as people and industries grow out of the stipulated regulations and techniques. In essence, it unlocks the minds of the people through development of new and independent methods (Christensen et al, 2015). Despite the many innovations that countries like Australia may come up with due to the many innovations and room for technology, there is need to put some form of regulations to allow a standard method of reporting across all the industries. This means that at least each industry should have a common method that they have agreed upon that they will use in their reporting. (4). Allowing all industries in a country like Australia which has billions of industry would bring to confusion in firms. This means that each industry would have their own method of reporting on their books of accounts and in their financial statements (Messner, 2010). This means that there would be different presentations of the same information across different firms making it hard to arrive at a consistent conclusion further engaging the accountants in the organization for further explanation of the information they have captured in the financial statements. Such freedom makes no sense in the information prepared as one industry may prefer one method while the other may prefer the other method hence no uniformity in the information provided. This may cause an uncontrolled from of regulation in the organizations as each organization chooses a method they prefer as opposed to a stipulated method. Some organizations may abuse the freedom within which they have to prepare their financial statements hence prepare them in a way that they only understand (Love Eickemeyer, 2009). External parties interested in the financial statements like the shareholders and stakeholders as well as the government when they need to collect their taxes may have a hard time as the information captured in the financial statements may not be the true values. An organization on one hand may underestimate their value whereas in the real sense they may be going bankrupt unable to pay their creditors and should be out of business. Some organizations may not reveal the full amounts of their profits as they seek ways through which they can evade tax by giving false information (Massingham Massingham, 2014). Such will have negative results on the government as they lose revenue in other organizations making it hard to track down organizations that give untrue information on their financial statements. Another shortcoming for the freedom in regulation without an overseer in the preparation of the books of accounts may be the effect such will have on potential and interested investors who would want to invest in the industries. They may shy away after having a look at the book of accounts and since there is no understanding in the information presented therein, they may opt to venture in other areas where they feel they have a form of understanding (Jones Higgins, 2006). Such small yet significant actions may have an effect on the economy of the country like Australia where investors pull away based on the presentation of the financial statements. Despite the freedom that exists, some controlled method may have an effect on the organizations as they present the information. Conclusion The support for or against the adoption of the IFRS depends on an individual country and the type of support that they will gain from the adoption. Every accounting standard adopted by each country should satisfy the needs of the companies therein reflecting high-quality standards that will allow the highest level of comparability (Ball, 2006). This would make the investors on the local and international scene have an understanding of the financial statements. They should meet within the international standards while serving and satisfying the investors and other major public stakeholders who may have some form of interest in the countrys investments. This means that despite the guidelines adopted, they should reflect the true value of the organization in the financial statements prepared. On the other hand, an external accountant should be in a position to understand the financial statements provided. The quality of information prepared should be of high quality despite the type of standard adopted by the organization. Investors should have a way through which they understand the financial statements prepared and the accounting research used depict a high value of disclosures. There should be no form of defects in the statements of accounts prepared as they should reveal the true information while at the same time reveal high quality information about the organization. The basis of recognition and the measurements, as well as the recognition of all items in the books should be understandable to the shareholders and other parties interested in the financial statements (Adibah et al, 2013). The standards adopted should enable the accountants of the organization provide timely, transparent, and independent information through all the modifications made in the statements. They should indeed be comparable within the international scene in a case that they were subjected to internationa l investors. They should be in a position to understand the statements enabling them make their investments decisions. References Adibah Wan Ismail, W., Anuar Kamarudin, K., Van Zijl, T., Dunstan, K. (2013). Earnings quality and the adoption of IFRS-based accounting standards: Evidence from an emerging market.Asian review of accounting,21(1), 53-73. Ball, R. (2006). International Financial Reporting Standards (IFRS): pros and cons for investors.Accounting and business research,36(sup1), 5-27. Brimble, M., Hodgson, A. (2007). On the intertemporal value relevance of conventional financial accounting in Australia.Accounting Finance,47(4), 599-622. Brggen, A., Vergauwen, P., Dao, M. (2009). Determinants of intellectual capital disclosure: evidence from Australia.Management Decision,47(2), 233-245. Burritt, R., Schaltegger, S. (2014). Accounting towards sustainability in production and supply chains.The British Accounting Review,46(4), 327-343. Cairns, D., Massoudi, D., Taplin, R., Tarca, A. (2011). IFRS fair value measurement and accounting policy choice in the United Kingdom and Australia.The British Accounting Review,43(1), 1-21.