Developing a Joint Globally Accepted Conceptual Framework Essay - 1

Developing a Joint Globally Accepted Conceptual Framework - Essay Example This essay stresses that the advantage with IASB conceptual framework is that of having a wider and broader purpose as opposed to the FASB framework. IASB places more emphasis on other purposes which include use of statements of finance and helping auditors while FASB theoretical framework seeks to place very little emphasis on these other purposes. This puts IASB framework in a much higher level in the GAAP order than the FASB framework’s GAAP hierarchy of the United States, also the status framework will reflect the difference in purpose. IASB framework is highly considered by those units that prepare statements of finance under IFRS where a specific standard is not applicable. This paper makes a conclusion that the FASB Statements of Concepts are ranked below articles, textbooks on accounting and handbooks under the United States GAAP. The FASB Concepts Statements are ranked no higher than accounting textbooks, handbooks, and articles, and below widely recognized and prevalent general or industry practices. Recent changes in U.S. law and regulation have removed responsibility for establishing the U.S. GAAP. FASB structure includes gains, losses, expenses, revenue and comprehensive income as the elements relating to financial performance while IASB has expenses ad income as its only elements. IASB defines an asset as a resource for drawing future economic benefits while FASB framework terms assets themselves as the economic benefits of the future a thing that puts IASB ahead of FASB.

An Lee - Final Essay Example | Topics and Well Written Essays - 2500 words

An Lee - Final - Essay Example He is rescued and taken to hospital where he narrates his ordeal, but failing to convince policemen, narrates another tragic story, this time involving real human beings rather than animals we saw in the movie, but follows the same pattern, only animals substituted by human beings. The Brokeback Mountain is another film based on a novel by the same title written by Annie Proulx. It is about two farmhands employed to look after sheep in a ranch who get interested in each other and ends up in a gay relationship. They are spotted by their employers in his binoculars and he fires them. They go their separate ways and start their families. Ennis later on marries Alma and are blessed with two daughters while Jack goes to Texas, marries and has a son. The story is about these two husbands finding it difficult to deal with the truth that they are gay. It is easier for them to live a lie than come out in the open. This secrecy continues until Jack visits after four years and the two men are excited to seeing each other after the long period. They lock lips while Alma is looking them through the window, confirming her fears. She is repulsed by this behavior, and in the end she announces to her father, in the presence of Ennis, that she is remarrying. Ennis rejects the offer of settling down with Jack, letting him go on to Mexico to look for love in bars and alleys. Ennis is fearful of living with another man whom he loves dearly. A particular incidence in his childhood is real to him; a scene of a man being pulled by his private parts until it rips off for the crime of ‘living’ with another man in a homosexual relationship. The man is eventually killed. Ennis would rather die than have himself married another man he truly loves. In both films, Ang Lee appears to have broken new ground, and taken film industry to new levels. Life of Pi is a 2012 film