Examine the argument that desirable neighbouring Free Essays

Examine the argument that desirable neighboring is characterized by both distance and proximity BY Repossessions Examine the argument that desirable neighboring Is characterized by both distance and proximity This essay will examine the attributes of desirable neighboring, looking at the characteristics and unwritten rules of good neighboring, how material life shapes social identities and social order to regulate and control the distance and proximity between neighbors. Secondly, personal and social identities are discussed and how these affect the interaction with neighbors. Thirdly, tensions around different cultural social rules are considered and the effect of these different rules has on desirable neighboring. We will write a custom essay sample on Examine the argument that desirable neighbouring or any similar topic only for you Order Now Lastly, causes and effects of neighborly disputes are examined while also looking at how these broken connections are remade. Qualitative data Is used as evidence to support this analysis, this type of data Is given In a non-numerical format, usually gathered from an Interview or survey form, as well as using observations by the researcher. Desirable neighboring is described as the balance between preserving the connection with neighbors, examining their eternal lives of how, where and when they interact with their neighbors, while maintaining a suitable proximity and respecting their ‘need for privacy’ (Wolcott, cited in Taylor, 2009, p. 173). Byword (2009, p. 254) compares desirable neighboring too ‘slow dance’, whereby neighbors should preserve their proximity to each other, while not getting too close or be too distant, in order to stay connected with each other. This type of social behavior is unwritten and learned through solicitation (Byword, 2009, p. 54), whereby individuals observe and follow the norms of acceptable behavior (Withering, 2009, p. 0). Harold Garfield (cited In Taylor, 2009, p. 173) argues that social life Is fluid, continually changing whereby Individuals constantly adapt to preserve the balance of social order In the neighborhood. Harris and Gale (cited in Byword, 2009, p. 255) identified that neighbors communicated primarily outside of the home’ in what was perceived as public space, and ‘not in the home’ which could be perceived as ‘over-neighboring’ by infringing on their neighbors personal space. Nevertheless, the purpose to provide social structure is still the same. However, social rules can be caused by mistrust and the need for power and control. Stanley Branded (cited in Byword, 2009, p. 260) explains that in Spain, desirable neighboring requires individuals to be close, both socially and physically. For example, he observed that neighbors leave their front doors open and neighbors come and go from each other’s houses without hesitation, whereas the qualities of ‘not being intrusive’ and ‘reserved’ were seen as suspicious and rude. However, this proximity and closeness was used as form of surveillance and control. Different social rules can lead to inequalities and unequal connections, some neighbors might be excluded for not adhering to the expected social rules or not being able to participate (Taylor, 2009, p. 158). The boundaries of good neighboring are unwritten and are subjective interpretation, which can therefore lead to disputes (Byword, 2009, p. 263). Elizabeth Stoke (cited in Byword, 2009, p. 64) examined how a neighbor’s intimate noises were intruding into the other neighbor’s private space. The main issue was that the neighbor was not seen to be considerate by minimizing the noise, which was intruding into the other neighbor’s private space. Steps were taken to repair the social order using mediation. This is an example of how social order can be broken and repaired, but the neighbor’s relationship was not completely the same as fore which highlights the fluidity of soci al life and how it changes. To summaries, material life can connect and disconnect neighbors, desirable neighborliness does not only include social and physical distance and proximity, but also how an individual presents themselves and is therefore perceived by their neighbors (Byword, 2009, p. 258). Taylor (2009, p. 171) argues that personal identity is not fixed and includes multiple identities. One of which is their social identity of being a neighbor, which is made and remade as individuals adapt to the fluidity of social life. Additionally, different cultures have different social rules and expectations around desired neighboring, which can cause tension and inequality. Intern, this can lead to disputes to arise leading to a break in social order, different social rules control creating differences and inequality in social order and life (Taylor, 2009, p. 291). Byword (2009, p. 254) compares desirable neighboring to a ‘slow dance’, requiring neighbors to change and adapt to the differences and inequalities of social life, to make and repair social order created from this. How to cite Examine the argument that desirable neighbouring, Essays

Ethics and Moral Rights free essay sample

The textile industry in Bangladesh employs three million people and makes up 80% of the country’s exports (ABC News 2013). However, there is a history of unsafe working conditions and deaths (Ahmed and Peerlings 2009; Ahmed 2004, 38). A factory collapse recently killed over 1000 workers and as a result, various companies are signing a safety accord (Ferguson and Jolley 2013). This is an ethical decision that can impact those company’s stakeholders. The decision can be made under various ethical models, such as moral rights, social justice (Waddell, Jones and George 2011, 148) and utilitarianism (Duska 2007, 22-25). This paper will argue that the accord should be signed according to the utilitarian model. The moral rights model argues that decisions should be made to protect fundamental rights of stakeholders and do no harm (Casali 2011, 489). The poor working conditions in Bangladesh violate the concept that workers, who are stakeholders (Phillips 1997, 52-53), have a right to safety (Byrne 2011, 499; Gavai 2010, 13). Inaction will harm workers by failing to improve conditions, which is the purpose of the accord. We will write a custom essay sample on Ethics and Moral Rights or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Under this model, the accord should be signed to protect workers’ rights. The social justice model argues that benefits and harms should be distributed fairly among all stakeholders (Waddell, Jones and George 2011, 148). The accord will improve working conditions for workers. However, improvements are costly (Ahmed and Peerlings 2009). The increased costs reduce profit and potentially harm shareholders. As such, under the justice model the accord should not be signed as it benefits one group and harms another. Under classical utilitarianism, the goal is to increase the good or happiness for the largest group (Jones and Phelps 2013, 354). However, the modern interpretation is increasingly moving towards a strategic model aiming to improve profitability (Yim and Fock 2013, 282, 293-294). Companies using Bangladeshi factories and operating in Australia need to take consumer ethics into account. As Australia is a low power distance country with consumers that will less easily accept unethical behaviour (Hofstede 1980; Swaidan 2012, 206), under the enlightened self-interest model of CSR, improving ethical standards by signing the accord will improve profits (Duska 2007, 9). According to utilitarianism, the accord can increase good for workers, shareholders and customers, therefore it should be signed. The Bangladesh workers’ rights problem can be examined from multiple ethical standpoints, including moral rights, social justice and utilitarianism. Under moral rights and utilitarian models the accord should be signed, whereas under social justice it should not. This paper argues that based on the utilitarian model of ethics, the accord should be signed by any company using Bangladeshi factories.

Internet Structure Essays - Media Technology, Cultural Globalization

Internet Structure The Internet connects nearly 400 million users worldwide and is an essential part of how we work, play, communicate, and conduct commerce. We use the Internet in ways that seemed unimaginable The term Internet refers to the global information system that -- (i) is logically linked together by a globally unique address space based on the Internet Protocol (IP) or its subsequent extensions/follow-ons. (ii) is able to support communications using the Transmission Control Protocol/Internet Protocol (TCP/IP) suite or its subsequent extensions/follow-ons, and/or other IP-compatible protocols; and (iii) provides, uses or makes accessible layered on the communications and related infrastructure described herein., either publicly or privately, high level services. Computers speak to one another and send information back and forth, which is accomplished, by sending and receiving electronic impulses and decoding them into messages. In order to communicate with one another the computers are link ed up in a network. In 1972, the first e-mail program was created by Ray Tomlinson of BBN. The Web began in 1989; it wasnt released to the world till the early 90s, thats when it became the World Wide Web. Statistics say that 1 in 3 people use the Internet for e-mail, 1 in 6 use it because they want to find out how it works, 1 in 8 want business information and 1 in 2 go to the Internet for education, hobbies, job listings, and entertainment. In 1993 less than 1% of users paid for the use of the Internet. By 1995, it rose over 200% due to the profits companies made from providing the service. Because of the demand for the Internet around the World, and the amount of capital a business could make that provides this service, is surprising. An example of this is Cisco Systems, a once Silicon Valley based business, which is now an Internet Technology provider, brought in $10 billion in 1986, this is 14 years before what the Internet is today. In 1999 they became the third company in his tory to exceed $300 billion in market capitalization, second is Microsoft, and first is General Electric (Bunnell 29).. One thing certain is that the Internet has revolutionized the computer and communication technology. The Internet is a worldwide broadcasting capability, a mechanism for association and interaction between individuals without regard to geographic location (Comer 81). Technology Essays

How to Use the Perl Array Grep() Function

How to Use the Perl Array Grep() Function The Perl  grep() function is a filter that runs a regular expression on each element of an array and returns only the elements that evaluate as  true. Using regular expressions can be extremely powerful and complex. The grep() functions uses the syntax List grep(Expression, array). Using Grep() Function to Return True Expressions myNames (Jacob, Michael, Joshua, Mathew, Alexander, Andrew); grepNames grep(/^A/, myNames); Think of the myNames array as a row of numbered boxes, going from left to right and numbered starting with a zero. The grep() function goes through each of the elements (boxes) in the array and compares their contents to the regular expression. If the result is true, the contents are then added to the new grepNames array. In the above example, the regular expression /^A/ is looking for any value that starts with a capital A. After sifting through the contents of the myNames array, the value of grepNames becomes (Alexander, Andrew), the only two elements that start with a capital A. Reversing the Expression in a Grep() Function One quick way to make this particular function more powerful is to reverse the regular expression with the NOT operator. The regular expression then looks for elements that evaluate to false and moves them into the new array. myNames (Jacob, Michael, Joshua, Mathew, Alexander, Andrew); grepNames grep(!/^A/, myNames); In the above example, the regular expression is looking for any value that does not start with a capital A. After sifting through the contents of the myNames array, the value of grepNames becomes (Jacob, Michael, Joshua, Matthew). About Perl Perl is an adaptable programming language frequently used to develop web applications.  Perl  is an  interpreted, not compiled, language, so its programs take up more CPU time than a compiled language- a problem that becomes less important as the speed of processors increases. However, writing in Perl is faster than writing in a compiled language, so the time you save is yours.

Malaya Political History Research Paper Example | Topics and Well Written Essays - 750 words

Malaya Political History - Research Paper Example The Malay population, however, has been more involved in the cultivation of rice and has therefore contributed in a great way to the agricultural sector. They have formed a greater part of the rural population of Malaysia, a fact that has been tried to be altered by the Malaysian government through conscious social engineering, in an attempt to provide the Malays with more employment opportunities. 3. Since 1957 Malaysian politics has been governed by the politics of ethnicity. British colonial rule had encouraged large-scale Chinese and Indian immigration, which contributed to the social and economic deprivation of the Malays, the Muslim indigenous population. The United Malays National Organization, the most important component of the BN coalition, has always stressed Malay development as its priority. However, because of the number and political importance of the minority groups, it has needed to govern in close collaboration with parties representing Chinese and Indian community interests. ... 4. The policy of the Japanese government towards Islam in Malaysia was one that accorded respect to the freedom of the Malaysians to follow a religion of their own choice. However, on the ground, they were unable to follow their own policy as a result of the intolerance and insensitivity that their soldiers practiced while they were expected to enforce the policy of tolerance towards religion. They continually engaged in the consumption of alcohol in mosques and other such activities on premises that were considered sacred by Muslims. This resulted in anger on the part of the Muslims towards the Japanese forces, who had in any case caused great damage to the economy and lifestyle of the Malaysians. 5. The  United Malays National Organization is  Malaysia's largest political party which has played an important role in Malaysian politics since  independence. The  Pan-Malaysian Islamic Par is an  Islamist  political party  in Malaysia and is currently headed by Dato' Serià ‚  Abdul Hadi Awang. In rural peninsular Malaysia, and particularly the relatively poor northeast, Parti Islam Se-Malaysia has been the primary opposition party since 1977 when it split from the BN. Though ostensibly non-racial, its main support base lies among Malays who would like to see Islamic values implanted more firmly in the constitution and daily life. Though it failed to make significant impact at the federal level until the 2008 elections, PAS has controlled the Kelantan state government since 1990, and the wider challenge that it poses has contributed to UMNO adopting an increasingly Islamist stance in order to appease the pro-Islam sections of the population. 6. UMNO is generally regarded as the "protector and champion Malay supremacy, which states that

MakerSpaces ( by use PRINCE2 and Design Thinking method ) Term Paper

MakerSpaces ( by use PRINCE2 and Design Thinking method ) - Term Paper Example Then discuss these at your next group meeting. The forms that you are completing in the early weeks of the course, aim to foster and document your initial ideas. Later in the course you can expand on these as you develop the actual Business Case response. The most ideal use for the Makerspace would be to provide a place for students from high school level to the college or university level to be able to pull academic resources for references and be able to share technological projects ideas. This increases the productivity levels of the students by working as a team. The group is for the idea that the demographic study showed a higher percentage of the student population aged between 18 to 25 years in most of the households, than the age group between 25 to 35 years. Thus it would be most ideal if the Makerspace would favor the students’ education, technological research, discussions and projects. Design Thinking (and for that matter good project management) asks you to gather information from your demographic audience – your potential audiences / users. In a design thinking framework, you would interview or observe some of your users and then develop a narrative or story around their project need. Draft TWO stories that use demographic data to help define a user and product of your group’s potential project. For example: â€Å"Teenagers interested in electronics will be able to design and build simple iPhone apps using the provided hardware and instruction and thus develop a basic programming skill that could enhance their application for VET or university application†. The implication in this narrative is a teenage demographic and need for educational support. University students’ focus is based on technological research and projects as opposed to studying. The space will be able to provide technological tools and software tool resources to enable the innovative minds to develop new generation

International Accounting Standards: UK Financial Reporting

International Accounting Standards: UK Financial Reporting APC311 INTERNATIONAL FINANCIAL REPORTING ASSIGNMENT (Word count: 3, 080) Introduction The growth of international activities has been rapid over time. These activities include areas of international trade, international investment, international bond and equity offerings, capital movements between countries and the number of multinational firms. Countries, entities and bodies who carry out these activities continuously seek to achieve growth and higher returns at lower cost of financing. This implies that there is often the need to consider international rather than national or internal alternatives of raising finance. The differences in accounting systems and principles that exist in different countries are a barrier to towards the comparability of financial information that is published by companies using different sets of accounting standards (Alexander, 2007). This led to ‘the pressure for international harmonization to regulate, prepare and use financial statements which are reliable, comparable and transparent (Nobes and Parker, 2000). This can only be achieved if countries employ the same accounting standards through the harmonization of accounting principles. International harmonization may be defined as a political process aimed at reducing the differences in accounting practices across the world in order to achieve comparability and compatibility (Hoarau, 1996). To achieve this feat, accounting regulators such as the IASB have attempted to advance harmonization projects in an attempt to minimize differences between different national accounting standards (O’Regan, 2006). As argued by Choi et al (2002), harmonization will make it more likely for users of financial statements to interpret the information correctly and make better decisions based on that information. It will also reduce drastically the information asymmetry between stakeholders and companies and hence save manpower, money and resources. The International Accounting Standards Board (IASB), issuers of International Accounting Standards (IASs) was established in 2001 and is the independent standard-setting body of the International Financial Reporting Standards (IFRSs) Foundation, an independent, private sector whose principal objectives are to develop in the public interest, a set of high quality, understandable, enforceable and globally accepted international financial reporting standards (IFRSs) based on clearly articulated accounting principles. IFRSs are a set of high quality, understandable, enforceable and globally accepted Standards based on clearly articulated accounting principles. The need for International Accounting Standards The international investor The information age and the advent of high-tech computers makes possible the availability of massive amounts of international financial information. Institutional and individuals who are interested in making international investments can therefore benefit from the global harmonization of accounting standards. International Accounting firms The role of international accounting firms include providing auditing and consulting services in many countries. The absence of international accounting principles implies that they have to gain expertise in areas of domestic financial accounting principles and related laws. Gaining this expertise can substantially increase their operational costs. International intergovernmental organisations International intergovernmental organizations including the United Nation (UN), the European Union (EU) and the Organization for Economic Cooperation and Development (OECD) extend credits for projects to other countries. They are therefore interested in obtaining comparable financial information in order to evaluate the projects they carry out in the various countries.as the organization. This can be achieved only if there is harmonization of international accounting principles. Developing countries Developing countries often seek international financing sources for their development. It is important for their governments and accounting regulating bodies to adopt international accounting standards in order to make it easier for them to access international financing sources. Stock exchanges The use of international accounting principles can enable the internationalization of Stock exchanges which can in turn increase international financing activity. This essay will make particular reference to the UK equivalent of accounting standards i.e., the  Financial Reporting Standards (FRSs) to examine the different accounting treatments in the individual accounting standards of interest in this assignment. IAS 38 Accounting for intangible assets Definition: An intangible asset is an identifiable monetary asset without physical substance. An asset is a resource that that is controlled by the enterprise as a result of past events and from which future economic benefits are expected [IAS 38.8]. The objective of IAS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another IAS. The standard deals with: the criteria to be met before an enterprise can recognise an intangible asset; how to measure the carrying amount of intangible assets and the disclosures that needs to be made. Examples of assets that may qualify as intangible assets under IAS 38 are: computer software, copyrights, customer and supplier relationships, franchises, licenses, rights patents. The three critical attributes of intangible assets are: Identifiability: In order for an intangible asset to be identifiable, it must be separable and it arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the entity or from other rights and obligations. (IAS 38.12) Control (power to obtain benefits from the asset) An intangible asset must be under the control of the enterprise in order for it to have the power to obtain future economic benefits from the asset. Control will usually but not necessarily emanate from legally enforceable rights, in the absence of which it is more difficult to prove the existence of an asset. For example, control over technical know-how is deemed to exist only if it is protected by legal right such as a copyright or patent. Recognition and measurement: IAS 38 stipulates that an intangible asset should be recognised only if both of the following occur: It is possible that the future economic benefits that are attributable to the asset will flow to the entity, and The cost can be reliably measured. The cost of an asset must be reliably measured if the asset is acquired in a normal transaction. Also, the fact that a price has been paid for the asset, is a reflection of the expectation that future economic benefits will flow to the entity. Goodwill and brand image In order for goodwill and brand image to be classified as intangible assets and included as assets of the enterprise, they need to be identified separately. If goodwill and brands have been acquired externally, then their cost and existence can be identified and capitalised. As regards internally generated goodwill, it cannot be recognised as an asset because: it is not separable from the business it has not arisen form contractual or other legal rights, and its cost cannot be reliably measured (IAS 38). A reconciliation of the carrying amount at the beginning and the end of the period. FRS10, accounting for goodwill and intangible assets is the equivalent UK Financial Accounting standard to the IAS 38. The standard views goodwill arising on acquisition as not constituting an asset or an immediate loss in value. But it relates to the cost of an investment in the financial statements of the acquirer, hence the values are attributed to the acquired asset and liabilities in the consolidated financial statements. The standard is of the view that even though purchased goodwill is not in itself an asset, including it in the assets of the reporting entity rather than deducting it from shareholder’s equity recognises that goodwill is part of a larger asset whose investment the entity’s management remains accountable. Thus, the objective of the FRS10 is that it ensures that purchased goodwill and intangible assets are charged to the income statement in the periods they are depleted. A comparison of the different accounting treatment of intangible assets by the IFRS and UK GAAP can be seen in Appendix 1. Discussion The IAS definition for intangible assets has its limitations as many intangibles such as patents and related drawings do have a physical substance (Tiffin, 2005 p.67). However the real issue with intangible assets is that intangibles are difficult to value and as such, attempting to measure their impairment is plagued with problems Godfrey Koh, 2001). The uncertainty about asset values and their impairment renders them susceptible to creative accounting. Intangible assets can be generated internally by firms. But it is difficult to accurately identify and cost such assets. IAS38 states that ‘internally generated goodwill shall not be recognised as an asset’. Research and development are therefore considered to be different parts of creating an internally generated intangible asset. The research phase is defined by IAS 38 as ‘original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding’. This implies that research costs incurred are expensed when they occur. There is consistency in classifying what constitutes an intangible asset by the standard. Of course, this treatment of research is appealing as there is a probability that an initial research may not actually lead to any economic benefit. Accounting for leases (IAS 17) Definition: A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. A lease falls under two main categories; a finance lease and an operating lease. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incident to ownership. All other leases are classified as operating leases. Classification is made at the inception of the lease. [IAS 17. Thus, in order to accurately classify the type of lease, it is important to determine whether the risks and rewards associated with owing the asset are with the lessee or the lessor. An asset will be classified as a as a finance lease if the if the risks and rewards lie with the lessee. However, it will be classified as an operating lease if the risk and rewards lie with the lessor. As regards a finance lease, the concept of substance over form is applied. The substance is that even though the legal owner of the asset is not the lessee, the commercial reality is that the lessee has acquired an asset by obtaining finance from the lessor, this implies the recognition of an asset and liability. Other distinguishing factors of a finance lease include: The present value (PV) of the minimum lease payments at the beginning of the lease amounts to substantially all of the fair value of the asset. By the end of the lease, the lease agreement transfers ownership of the asset to the lessee. The option rests with the lessee to purchase the asset at a price expected to be substantially lower than the fair value when the option becomes exercisable. The leases asset must be of a specialised nature. A comparison of the different accounting treatment of intangible assets by the IFRS and UK GAAP can be seen in Appendix 2. Discussion Operating leases appear to be more popular as both the leased asset and liabilities can be effectively kept off the balance sheet with future lease obligations disclosed as footnotes. However, a finance lease, often treated as an ‘in substance’ purchase by the lessee and a sale by the lessor, is less popular as it requires both leased assets and liabilities to be recognized on the balance sheet. But the finance lease does produce a tax benefit because of a larger expense, interest plus depreciation, compared to an operating lease which only reports the lease payments as an expense. IAS 17 (IASB, 2008) allows managers to structure a lease in such a way as to avoid the reporting of lease assets and liabilities. In order to ensure a complete and transparent recognition of assets and liabilities arising from lease contracts on financial statements, the IASB decided to make no distinction between finance leases and operating leases and employ the ‘right-to-use assets’ and its lease obligations that is based on the present values of future lease payments using the incremental borrowing rate of the lessee at the inception of a lease. Capitalization of lease can impact negatively on earnings because of the increased cost due to the depreciation of the asset and interest expense. This will in turn affect expected profit margin, return on earnings (ROE) and return on assets (ROA) (Bradbury, 2003). IAS 37 Accounting for provisions, contingent liabilities, and contingent assets Definition A provision is a liability of uncertain timing or amount. IAS 37 ensures that a provision should be recognised only when there is a liability i.e. a present obligation resulting from past events. Contingent liabilities: Definition: A contingent liability is: a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence of events not wholly within the control of the entity; or A present obligation that arises from past events but is not recognised because it is not probable that an outflow of economic benefits will be required to settle the obligation; or A present obligation that arises from past events but is not recognised because the amount of the obligation cannot be measured with sufficient reliability. Disclosure An entity should disclose a contingent liability in a note, unless the possibility of an outflow of economic benefits is remote. Contingent assets A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. An entity shall not recognise a contingent asset. When the realisation of income is virtually certain, then the related asset is not a contingent asset and its recognition as revenue is appropriate. A comparison of the different accounting treatment of intangible assets by the IFRS and UK GAAP can be seen in Appendix 3. Discussion IAS 137 aims at ensuring that only genuine obligations are dealt with in the financial statements i.e. planned future expenditure even when authorised by the board of directors or equivalent governing body, is excluded from recognition. Appropriate recognition criteria and measurement bases are applied to provision, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to enable users to understand their nature, timing and amount. The standard seeks to ensure that for example assets are not overvalued. Accounts receivables may be overvalued if reasonable provision for bad debts is not made. This has the tendency to inflate earnings and in such instances the provision for bad debts will prove to be inadequate in future, whilst in the short term account receivables and earnings receive a temporary boost. Also, contingent liabilities which are obligations that are dependent on future events for the confirmation of the existence of an obligation. If companies fail to record a contingent liability that is likely to be incurred and subjected to reasonable estimation, it has the effect of understating their liabilities and overstating their net income or shareholders equity. The above examples are indications of how companies use creative accounting to manipulate their financial statements especially their balance sheets. Conclusion Accounting for intangible assets, accounting for leases and accounting for provisions, contingent liabilities, and contingent assets are all complex areas which are prone to manipulation in the form of creative accounting which is defined as â€Å" the transformation of financial accounting figures from what they actually are to what preparer desires by taking advantage of the existing rules and/or ignoring some or all of them† (Kamal Naser, 1992). Creative accounting in whatever form it takes is usually meant to overstate assets or understate liabilities. The collapse of a number of corporate giants such as Enron Corporation, Tyco International, World Com, Global Crossing, Arthur Anderson, Parlmalat etc. have not only destroyed investor confidence and shareholder values but it has also damaged the accounting profession. The situation is even made worse when there are different accounting standards that are used in preparing financial statements. This is made even worse when there are different accounting standards used in preparing financial statements. The adoption of one set of global financial reporting standard such as the international financial reporting standard (IFRS) that confers with investors, stock markets, accounting professionals and accounting standards setters will go a long way to reduce the practice. Arguably, accounting standards whether in the US, UK, Australia or the IAS will not have all the answers to accounting and financial reporting problems but it is hoped that it will largely reduce its occurrence. APPENDICES APPENDIX 1 Comparison of IFRSs with UK GAAP treatment of intangible assets Appendix 2: Comparison of IFRSs with UK GAAP treatment of Lease APPENDIX 3 Comparison of IFRSs with UK GAAP treatment of provisions, contingent liabilities, and contingent assets