Societal Forces Affecting Science Essay Example | Topics and Well Written Essays - 250 words

Societal Forces Affecting Science - Essay Example Half were given an application from a â€Å"male† applicant. The other half were given the identical application, from a â€Å"female†. The allegedly female applicant was consistently marked as a less competent and less likely candidates than were the allegedly male applicants (Yuriewicz). Thus, gender bias definitely exists in the scientific community, and it blocks equality of opportunity (Yuriewicz). Masculine bias would obviously shape the field of science significantly. The findings strongly indicated that female scientists also rated male applicants as more competent and more likely candidates (Yuriewicz). This indicates that the bias in those who pride themselves on objectivity is sub-conscious, and unquestioned. This effect can and should be minimized through gender bias awareness training, and through a more objective applicant screening process, one carried out by a computer program, for example. A positive influence bias in science is the strong bias for journal publication and citation search indexes to include only English research articles (Granda-Orive, Solano-Reina and Jimenez-Ruiz 104). There is a negative influence, in that language, not quality, positions papers to be cited and quoted (104). Yet, there is a positive influence in that language and thought are closely intertwined, and it is beneficial to the advancement of scientific knowledge for there to be a global base from which to theorize. Replication is part of the scientific method, so common language brings common understanding and a common framework within which to communicate. The negative effect can and should be minimized by maintaining a citation database for non-English papers, but the positive influence of this bias outweighs the negative impact, and should be

Non Specific topics Essay Example | Topics and Well Written Essays - 500 words - 1

Non Specific topics - Essay Example Then all the exports in the domestic area are added. It is a fact that income equals to spending or savings is equal to investments. This, however, does not imply that at all times there is enough spending such that all of the economies’ resources are fully employed. Even in fulltime employment, where employment is the investment spending there is still more room for extra investments in the economy. In an injections-leakage model, on one side there are injections. These injections will include non-consumption expenditures on an aggregate production. Investment, expenditures, exports, and government purchases are the three injections. They are known as injections since they are inputted/ ‘injected’ to the circular flow of production, consumption, and income (Bade, & Michael, 2002). The other half of the model is the leakages. They are non-consumption uses coming from income production generates’. The leakages are imports, savings, and taxes. They are taken out of the circular flow hence the term leakages. Equilibrium in this model will be dependent on the balance existing between injections towards the core of the circular flow and leakages. If they are equal, the core circular flow’s volume will not change. When this two are equal, equilibrium exists. In the measuring of national income, there is a need to understand some limitations that will come with it. National income accounting will not measure the social welfare but the domestic economic performance. However, there is need for there to be a strong relationship between the two. National income measure will understate transactions in social welfare- non – market. In national income measures, there is no accounting of changes in the quality of product and increase in variables like work satisfaction (McEachern, 2012). It has also been suggested that per capita income is a superior measure of standards of living compared to the total national income In

Psychology in Films: Shawshank Redemption Personality Theory

Psychology in Films: Shawshank Redemption Personality Theory Eleanor Rutherford Engler (2013) describes â€Å"personality as an organised and dynamic set of characteristics, that an individual possesses, which influences their cognition,emotions, behaviour, motivations andenvironment. Krauskopf (1999) provides a wider definition in that â€Å"personality† refers to the patterns of thoughts, feelings, behaviours and social adjustments, which are consistently exhibited over time that intensely influences the expectations, self-perceptions, values, and attitudes of the individual. It can also predict an individual’s reactions to problems, stress and other people. There are many theories which aim to understand and explain personality; these include trait, perspective, psychodynamic, humanistic, biological, behaviourist, evolutionary and social learning (Maltby, Day Macaskill, 2010). This essay will examine, using the Five Factor model trait theory (Costa McCrae,1995) and Carl Rogers (1957) humanistic theory, the character of Andy Dufresne in the film† The Shawshank Redemption† (Marvin Darabont, 1994) and evaluate which provides the best account of his behaviour. The Big Five personality traits are the five wide-ranging domains that are used to describe personality. Previously other trait theorist had suggested various numbers of possible traits, these included Allports4,000 personality traits, Cattells 16 personality factors and Eysencks three-factor. However, many viewed Cattells theory as too complex and Eysencks in contrast was too limited. As a result of this, the five-factor theory emerged which describes the basic traits employed as the building blocks of personality. These factors are extraversion, agreeableness, openness, conscientiousness, and neuroticism. Each consists of more specific primary factors; for example, extraversion includes warmth, activity, excitement-seeking, positive emotions, gregariousness and assertiveness. The Big Five model accounts for different personality traits without overlapping. Research demonstrates that the Big Five are consistent in observations, interviews and self-descriptions. Additionally, the fiv e-factor structure appears throughout a widespread range of participants of different cultures and age groups (Maltby et al., 2010). Rogers’ theory suggests that people have an actualising propensity, or desire to achieve their full potential, referred to as self-actualisation. Rogers stated that a fully-functioning person is someone who is perpetually striving toward becoming self-actualized. This person has been the recipient of unconditional positive regard from others, places no conditions on their own worth, capably expressing feelings, and is open to the many experiences offered by life. Upon self-actualisation they would become a fully functioning person living what he referred to as the good life. Which means the person would maintain a healthy psychological outlook, trust their feelings and there would be congruence in their lives between experience and self. Rogers believed that people are aware of what is causing the psychological imbalance in their lives and that deep down inside they know which actions are required to fully functioning people. Rogers maintained that humans are born with a desir e to be the best they can. Self-actualisation is the motivating force to achieving their full potential. As infants the main goal towards self-actualisation is to have basic needs met such as being arm and fed (Maltby et al., 2010). The â€Å"Shawshank Redemption† depicts the experiences of Andy Dufresne, who is wrongfully convicted of killing his wife and her illicit lover. He is handed down two life sentences and subsequently incarcerated in the notorious Shawshank Prison. Andy is initially portrayed as extremely quiet with other prisoners describing him as a â€Å"cold fish†. One of the major personality traits identified in the Big Five is Introversion. People who are introverted, that is to say low scoring on the Extraversion continuum, tend to beinward turning, or focused more on internal thoughts. This is demonstrated clearly on Andy’s first day of incarceration where he makes little eye contact, keeps his head down and does not respond to the taunting other prisoners. Viewed from a Rogerian perspective it could be said that Andy’s drive will be focused on the most basic of needs such as water, food sleep and safety (Maltby et al., 2010). A significant change from Andy’s initial introverted state is seen when during work on a rooftop, Andy boldly manages to persuade the toughest guard there to allow him to assist with his taxes. Viewed from the Big Five perspective this would seem to be large swing from one end of the Extraversion scale to the other. Going from barely making eye contact and being compliant to risking being thrown from the prison roof are worlds apart. Given that that traits are assumed to be relatively stable this gives rise to the question of whether Andy truly in introverted or whether the sock of incarceration affected his normally more extrovert self. However, from a Rogerian perspective this would appear to be the beginning of Andy attempting to meet his innate need to self-actualise. As his basic needs are being met in the form of shelter, food etc. the desire to develop his potential appears to grow. Using his numerical skills will allow him to flourish (Maltby et al., 2010). The rooftop incident leads to Andy becoming a trustee in the prison library and returning, outwardly at least, to his more introverted traits. He demonstrates from this point a further Big Five trait of Agreeableness. His compliance in assisting the prison officers with their taxes and personal finances demonstrate this. He also gets involved in building a new library for the benefit of his fellow inmates, a clear act of altruism, another sub category of Agreeableness. This continues until donations of books and records arrive at the prison and Andy discovers a copy of Mozarts The Marriage of Figaro record. In another swing of personality, or perhaps a revalation of his true nature before incarceration, he locks the guard assigned to the wardens office in the toilets and plays the record over the prisons PA system for his own, and his fellow inmates pleasure. Again this seems in opposition to his mainly introverted outward behaviour as it an assertive act of defiance against both the warden and guards. Simultaneously it could be seen as both Agreeable and Extraverted behaviour. Agreeable in that it is an altruistic act of providing pleasure for all of the inmates knowing they will face no punishment and Extraverted in that is both assertive and clearly excitement seeking behaviour. Rogerian theory may account for this episode as an attempt to bring Andy’s real self closer to his conceptual self. Andy clearly finds a great deal of pleasure and fulfilment in listening to music but prison life blocks that from happening. Andy knew there would be a price to pay, in this case solitary confinement, but was driven to do it anyway (Maltby et al., 2010). The true nature of Andy’s character unfolds as detail of his daring escape from prison come to light. The length of time that he had been working on his escape plan and the masterful way in which it was planned and executed demonstrated a high level of the trait Conscientiousness. Andy’s self-discipline was incredible, he not only was able to escape but he managed to acquire the finances required to do so and end the corruption within Shawshank whilst doing so . When viewed longitudinally Andy’s story seems to be a clear path to self-actualisation as theorised by Rogers. Rogers highlights the uniqueness of the individual and that they themselves are capable of working out their own solutions, in this case an escape plan and end to corruption. Additionally, he stated that people have a natural tendency toward self-actualisation and growth, an innate drive to realise their potential (Maltby et al., 2010). Although some of Andy’s basic needs were met within the confines of Shawshank such as water, food and sleep the psychological needs were not. Andy appeared to be reaching to meet these needs by rock carving and building the library but it was clear that he needed more. His entire escape plan seemed to be driven not just by the injustice of being wrongfully imprisoned but by the drive develop his potential and qualities that would make him a worthwhile person. Roger’s theory does appear to provide a good account of people’s behaviour in this case when compared to The Big Five. However although Rogers approach allows for variation it fails to identify enough constant variables in order to be researched accurately. Additionally the assertion the individuals intuitively seek positive goals, does not explain the presence of deviancy or evil within normal, functioning personalities such as Andy’s fellow inmates or the corrupt prison staff Maltby et al., 2010). References: Costa Jr, P. T., McCrae, R. R. (1995). Domains and facets: Hierarchical personality assessment using the Revised NEO Personality Inventory.Journal of personality assessment,64(1), 21-50. Engler, B. (2013).  Personality theories. Cengage Learning. Krauskopf, C. J. (1999). The personality assessment system: A radical hypothesis.Applied and Preventive Psychology,7(4), 235-245. Maltby, J., Day, L., Macaskill, A. (2010).  Personality, individual differences and intelligence. Pearson Education. Marvin, N. (Producer), Darabont, F. (Director). (1994). The Shawshank Redemption [Motion picture]. United States: Castle Rock Entertainment. Rogers, C. R. (1957). The necessary and sufficient conditions of therapeutic personality change.Journal of consulting psychology,21(2), 95. Changes in the Business Environment: Why change management is important Changes in the Business Environment: Why change management is important Introduction Change is an inevitable part of life. Change is also an important part of a business life; it allows a business to adapt to its environment and to improve its market position. Change signifies the willingness of the affected parties to embrace and function in a newly established order and their commitment to effect and implement the changes (Armstrong, 2004). The generic definition of change as defined by Hughes (2006) is any alteration in the status quo. Changes within an organisation may take place for many reasons. It is sometimes done in order to introduce a new more efficient way of working or producing a product. It is sometimes done to re-organise the organizations work force. Organisations will evolve and change within the course of their lives. Change management is referred to as the process of which change is executed and developed within the organization. Change is something that affects all business and therefore all business managers must prepare their personnel and proc esses for change. Theories of Change Management Changes in the business environment are happening all the time and organisations must change the way they operate to compete effectively in their market. In order to change organisations must adopt change theories and approaches however with so many different approaches available an organisation must choose an approach that best suits its needs. Different managers will have different theories as to how change should be implemented and executed. Kurt Lewin is considered the forefather of planned approaches to change. Kurt Lewins Freeze Phases [Source: Higgs Rowland, 2005] Lewins model shows that change involves a move from one static state via a state of activity to another static state. Beers Model Change is more complex than the Lewin model and requires a more in-depth look at the process of change. Beers model focuses on a six-step process to achieve effective change, these steps concentrate on task alignment whereby employees roles, responsibilities, and relationships are seen as the main component to bringing about effective change. The stages are: Mobilise commitment to change through joint diagnosis. Develop a shared vision of how to organise. Foster consensus, competence and commitment to shared vision. Spread the word about the change. Institutionalise the change through formal policies Kotter Model Kotter developed what he believed to be the eight critical steps to the successful implementation of change these steps are: Establish a sense of urgency Examining market and competitive realities and identifying and discussing crises, potential crises and opportunities. Form a powerful, guiding coalition Assembling enough people with the enough power to lead the change. Create a vision Create a vision to help direct the change and develop strategies for achieving the vision Communicate the vision Use every medium possible to communicate the vision and strategies to be implemented Empower others to act on the vision Get rid of obstacles to change and encourage risk taking and non-traditional ideas. Plan and create short term wins Plan for visible performance results and recognise and reward employees who are involved in the improvements Consolidate improvements and produce still more change Hiring, promoting and developing employees who can implement the vision. Institutionalising New Approaches Develop the means to ensure leadership development and succession. Impact and Barriers If change is not implemented in the correct manner, the impact upon the business can be devastating. Some of the workforce may decide to leave as they do not agree with what is be implemented and that leaves managers trying to fulfil orders or provide services with half a workforce which puts pressure on the rest of the workforce. Communication is key to help reduce barriers, for any change strategy to achieve its goal every member of staff within the organisation must be constantly communicating with executive managers. If staff members ask, Why do we need to do this? a manager must be able to give them a valid answer. Change normally affects both a businesss internal and external environments. Internally staff may feel that they have been left out of the loop and are just being told that they must accept the change or the reverse may happen the staff may be contributing heavily to the change and helping to direct the new vision. Externally an organisation may make an impact on thei r market by promoting a new service or product. There are a number of barriers to successful change both in terms of actually implementing the change and sustaining it. Employees must be able to flourish within an every changing environment to allow them to contribute to an organisations success. Lisette Howlett, (2009) states the 10 main barriers to successful change these are listed below: Not enough understanding about the change itself Lack of leadership Lack of focus and strong project management of the change No engagement and/or buy-in of key stakeholders No clear process for managing endings and beginnings, and co-ordinating the change process Successes are not recognised, communicated Progress is not measured and the learning is not reviewed Change is very tiring and is often something that requires extra effort people need to see that this effort is paying off and their contribution is valued All of these barriers can be overcome if the correct procedures are put in place and communication is constant throughout the process. Employees need to feel that they are major contributors to a companys success and will sometimes feel undervalued if they are not involved in the process of change this can lead to hostility amongst the workers and feelings of anger towards the management this in turn leads to barriers being erected due to the fear of change. Conclusion Change must be managed, implemented, and executed in such a way that there is always communication between staff and managers. This allows for equilibrium and encourages growth and innovation within a company. Each change management theory has its strengths and weaknesses and each can be adapted to an organisations needs but I believe that managers must invite all staff to offer ideas on a creating a new vision for the company and thus driving the company forward as a whole. References Hughes, M. (2006). Change Management: A Critical Perspective. Chartered Institute of Personnel and Development. ISBN: 1-84398-070-3. Armstrong, M (2004). Managing Organizational Change in Nigeria Manufacturing Enterprises: Lessons from the Unilever Nigeria Plc. AC Associated Content. Retrieved from http://www.medwelljournals.com/fulltext/?doi=ibm.2009.15.21 Syque. (2007). Lewins Freeze Phases. Changing Minds. Retrieved from Higgs, Malcolm, and John Wren. The Leadership of Change: a Study of Change Leadership within the UK Royal Air Force. Henley-on-Thames: Henley Management College, 2005. Print Howlett, Lisette. 10 Common Barriers to Successful Change. MLH Consulting. 15 Sept. 2009. Web. .

Discuss the idea of innocence and experience in Mansfield’s work. Essay

Discuss the idea of innocence and experience in Mansfield’s work. The ideas of innocence and experience are frequent themes that come up in Mansfield’s stories. These ideas often come across in themes such as loss of sexual innocence – ‘The Little Governess’; loss of innocence through awareness of mortality and death – ‘The Garden Party’, ‘Her First Ball’. Themes of aging and gaining of experience as time passes are also suggested. The woman in ‘The Woman at the Store’, we can that she has already lost her innocence, whereas in the other stories we see the point where characters have lost their innocence. ‘The Little Governess’ is about a young, inexperienced and vulnerable woman who gets sexually exploited in a â€Å"world full of old men with twitching knees†. Connotations of the title already suggest that she is a naà ¯ve girl with no experience. She is described as the â€Å"little† governess – suggesting she is a naà ¯ve, innocent, vulnerable girl who is diminutive with no experience. Also, people that became governesses in those times were usually bright but inexperienced middle class women. The typical language she uses sets up her innocence and naivety. Use of German and French dialect expressions highlights the novelty of European travel for the governess and her innocence and naivety .She is described as â€Å"quite white, with big round eyes†, â€Å"long lashes†, â€Å"soft beauty†, these descriptions again emphasize how childish and innocent she is. Use of foreshadowing is used to develop themes and is quite obvious regarding loss of sexual innocence. There is foreshadowing at the start â€Å"I always tell my girls that it’s better to mistrust people at first rather than trust them†, this sets up the atmosphere and giv... ...body suggests she may be envious of him, as he no longer has to worry about anything â€Å"What did garden parties†¦matter to him? He was far from all those things†. It may also suggest her childish inability to accept the finality of death and wants to view it as sleep â€Å"sleeping so soundly†. At this point, Laura has a partial realisation of death’s seriousness. She sees the reality of death, but is unsure of what to do with her new knowledge. The ideas of innocence and experience are reoccurring themes throughout Mansfield’s stories. We come to realize that human emotion and experience is universal, regardless of class distinction. We cannot escape death due to our mortality, thus we must all accept it. Everyone grows to become more experienced over time even though Mansfield sees the loss of innocence and the gain of new experience as a negative process.

Art History: Abstract Art vs Pop Art Essay

There have been different art forms that have come and gone over the course of time. Some of the most intriguing art forms in my mind come from the 20th century. Out of all of these 20th century art forms, geometric abstract art and pop art are my favorite. These two art movements came close to each other in reference to time period. Geometric abstract art originated in the 7th century but became a dominant movement in 1937. Pop art emerged in the 1950s. These two art forms were similar in ways but they had different moods of expression. We will take a closer look at each one of these forms of art. Geometric abstraction form uses lines, squares, triangles and circles painted with primary or secondary colors or are sculpted in steel or aluminum. As mentioned, the focus of geometric abstraction began in New York after the outbreak of World War II where the tradition was continued by the American Abstract Artists group formed in 1937. The War had a great impact on the economy that was struggling to recover. War is always something that has effects on families and friends that have the daily threat of losing loved ones to injuries or even death. Being that art is a mighty way to express one self, geometric abstraction became popular throughout this time in history. The economic recovery after the war was positive and geometric abstract art had a strong impact on the society at that time. This art form has continued and is still seen various places in today’s society. One of the most famous geometric abstract srtists was Kazimir Malevich. Malevich is famous for his painting The Black Spuare. He was known for expressing himself in a spiritual way through his work. Music was one of his main ways to express himself but geometric abstraction was Malevich’s way of expressing â€Å"pure feeling. † This â€Å"pure feeling† is expressed in his work, The Black Square. This square was simply represented many things. It represented feeling, God, a void, and an icon. It is amazing how one great artist can use a simple square that represented so many things. This form of art has passed down to our generation what it means to express yourself through art. The Pop Art period came immediately after the Geometric abstraction period. This form of art originated in Britain way back in the mid 1950’s. Sometime from the late 1950’s, through the 1960’s it made its way into America and flourished throughout the 1970’s. This art was known as â€Å"fun† art because of the sense of humor portrayed in the art. This art period marked the end of modernism and was at the beginning of the postmodern era. â€Å"With respect to pop art, an artist would select required material fro, its source, isolate the entities that it is composed of and combine them with others extracted in a similar manner for consideration (pop art). † The social conditions that may have contributed to this style included the need by the artists to cut out identities and niches, â€Å"due to the academic orientation that was taking shape (pop art). † The term â€Å"pop art† began with artist Lawrence Aalloway. Lawrence was and English art critic that used this term to break away from the dominance of abstract art. The main point of pop art as a whole was to bring art back into the daily life of Americans. One of the most famous Pop Art artist is Andy Warhol. Andy was one of the first artist to use â€Å"repetition for allowing an iconic image to lose all value (pop art). †Andy’s most famous works of art is the Campbell’s soup cans. This started in 1962. Campbell’s soup can labels are very popular even in todays society. We see them on a regular basis in everyday life. Because it is so common, it has had a huge impact on advertisement for the Campbell’s soup company. Pop art began to be a great form of advertisement for many companies. This is one of the biggest impacts that pop art has on today’s society and art world. Little did Andy Warhol know, but his design would still be dominant and popular in 2012. These two art forms can be compared by looking at what the artist were trying to convey. Artists from both forms use their art to express some kind of emotion. They do this by using vibrant and neon colors. There are also the same in that they are both paintings. The main thing that these two art periods have in common is the fact that they occurred around the World War II days. The main difference is that pop art depicts things as opposed to abstract art that has no subject. For example, abstract art uses big canvases and applies paint rapidly for expression as opposed to pop art which brings things of everyday life into art. It does this by using comics, television, and magazines. Pop artist found abstract expressionism to pretentious and intense. Abstract art is mainly based on emotion due to the horror of World War II and the conditions of the times. Pop art brought an era of excitement and enthusiasm through the tough times. It did this through fun forms of logos and advertisement. Pop art relates to abstract art by the idea of emotion being expressed through art, as well as they are both painting eras. For example, the two works of art mentioned earlier, The Black Square and the Campbell’s Soup logo are not drawings or sketching, but rather paintings. These two art forms can be compared by looking at what the artist were trying to convey. Artists from both forms use their art to express some kind of emotion. They do this by using vibrant and neon colors. Abstract artist would pick up paint brushes and began to throw out some designs in form of expression. Pop artists would attempt to express a fun and entertaining vibe through their work. They can also be compared with the fact that they both are paintings and come from the same overall time period. Pop art had a major impact on the art world. Pop art impacted music as pop music began in the 1950’s and 60’s. Pop art was used in the designs for the music covers of music artists such as Elvis Presley and the Beatles. Movie stars such as Marilyn Monroe were also conveyed through pop art. Famous pop artist Andy Warhol developed the concept of silkscreen printing which is used for mass production. Pop art was one of the biggest eras that renovated the art world by giving people and avenue for advertisement that is still used today such as the Campbell’s soup can labels. It was also an avenue for comic books and fashion. All of these things are still found in today’s art world.

U.S. GAAP vs. IFRS: Fixed Assets

U.S. GAAP VS. IFRS: FIXED ASSETS The Generally Accepted Accounting Principles ( GAAP ) and the International Financial Reporting Standards ( IFRS ) have many differences. One of these major differences is the intervention of fixed assets. The accounting universe is traveling through a convergence. The displacement from rules-based U. S. GAAP to principles-based IFRS is intended to better transparence and comparison in planetary markets ( Kaya, 2013 ) . International companies have already switched to this new accounting rule, but companies in the United States have yet to change over to IFRS. Many comptrollers think that because IFRS is non rules-based there is excessively much room for mistake, and when it comes to fixed assets at that place needs to be consistence. The undermentioned paragraphs will discourse the pros and cons of utilizing IFRS or U.S. GAAP ; discuss the sentiments of others in the concern or who could perchance hold to utilize IFRS alternatively of U.S. GAAP. Current Rules U.S. GAAP U.S. GAAP uses historical costs when entering fixed assets ( Rajan & A ; Reichelstein, 2009 ) . This is the recorded cost of the plus at the clip of purchase and is non altered during the life of the plus. Minutess utilizing historical cost can be verified, normally with a promissory note or a debt ( Diana, 2009 ) . Therefore, the historical cost accounting system is accepted by comptrollers due to its nonsubjective nature since the minutess have already been completed, and it is by and large easier to apprehensible by its users. In an article titled â€Å"Historical Cost Versus Fair Value† the writer, Cozma Diana ( 2009 ) , states the features of historical cost are ( 1 ) that it fails to guarantee the comparison of information, as similar elements are valued ; ( 2 ) it reflects the determinations whether to buy assets or contract debts, but ignores the effects of the determinations whether or non to maintain the contract debt ; ( 3 ) it reports any additions or losingss that result from the alteration in monetary value, even if their merchandising or call offing have non been the cause of such additions or losingss, and accounting studies are completed by utilizing the monetary values from past minutess, with the market monetary values non referenced ; ( 4 ) it provides information about the benefits expected from the assets or about the â€Å"burdens† taken by undertaking debts ; and ( 5 ) accounting studies are drafted based on monetary values ensuing from past minutess, with no mention to market monetary values. U.S. GAAP merely allows a company to utilize historical cost whereas IFRS allows a company to take either method of just value or historical ( p. 863 ) . IFRS If all companies converted to IFRS there would be global consistence in the concern universe. One criterion of accounting would let national and international companies work together in a more consistent mode. The clerking would be unvarying and companies would work under the same guidelines simplifying the scrutinizing procedure. Vitez ( 2014 ) stated that IFRS has three separate processs for fixed plus accounting, which include the choice of the cost or reappraisal method, estimation of the utile life for the plus and residuary value, and the choice of a depreciation damage method. Under U.S. GAAP, fixed assets are valued by utilizing the ‘cost method’ where the IFRS uses a different method which is known as the ‘reevaluation method’ ( Malboeuf, 2014 ) . These methods are different by giving companies the ability to monetary value their assets at what they think they should be and let them to alter the cost of their fixed assets at any clip. Cost or Reevaluation Method.The cost method is based on the historical value of an plus where the reevaluation method is based on the just value. The U.S. GAAP requires companies to unwrap information about the picks that they make about their disbursals in footers. IFRS finds footers unneeded ( Malboeuf, 2014 ) . IFRS permits companies to book the value of belongings above the value of historical cost ( King, 2008 ) . This could take to companies to exaggerate their assets in order to enter higher net incomes. Useful Life Estimate for the Asset and Residual Value.One issue utilizing IFRS is that each constituent of the fixed plus could hold residuary value. Therefore, if each unit has many different constituents the comptroller would hold to journalized each constituent individually alternatively of the plus being journalized as one unit as in U.S. GAAP. The residuary value for an IFRS fixed plus is the value of the point at the terminal of the asset’s utile life ( Vitez, 2014 ) . With IFRS each fixed plus could hold many constituents that need to be valued, where as with GAAP the fixed plus has one utile life value. The Selection of a Depreciation Impairment Method.Merely like with U.S. GAAP, IFRS has many different depreciation methods available for usage, though each company must merely choose one method for each fixed plus in usage ( Vitez, 2014 ) . There are some depreciation methods that work better on some fixed assets than others. Most fixed assets are assigned a depreciation method in order for the plus to be decently distributed. Seifert ( 2012 ) explains that IFRS depreciates fixed assets on a â€Å"component† footing vs. a â€Å"whole asset† footing under U.S. GAAP ; this allows parts of the plus to be on different depreciation agenda than other parts of the same plus as stated by. This allows companies to replace parts of their fixed plus and allows the plus longer life and gives the fixed plus higher marker value. Opinions: U.S.GAAP vs. IFRS Some have described plus writedowns in U.S. GAAP as the roach motel attack: â€Å"you can acquire in, but you can ne'er acquire out! † ( King, 2008 ) . The market value is frequently considered excessively unstable and that it is excessively easy to pull strings, which makes it unsuitable to be used as an estimation for the value of an plus ( Diana, 2009 ) . The features of just value is it improves the comparison by measuring similar elements in a similar manner, where every bit historical cost fails to guarantee the comparison of information, as similar elements are valuated for nonuniform values ( Diana, 2009 ) . Some comptrollers in the U. S. prefer utilizing U.S. GAAP based accounting, because it is a criterion that many of them have merely used and might be wary of the alteration that IFRS has in shop for fixed assets. It could do the accounting books to take longer to equilibrate as it creates more journal entries needed to right enumerate each fixed plus and their constituents. They are besides hesitating to exchange to IFRS because of its rule based criterions, and with the problem there has been in the recent old ages refering the doctoring of accounting studies some people are disquieted that if we give companies excessively much freedom so they will be less than honest with their shareholders when net incomes are low or if they get in problem with a bad concern purchase or investing. A. M. King ( 2008 ) clarifies that a possible drawback for U.S. acceptance of the reappraisal theoretical account is that because rating is inherently imprecise, some companies may take an aggressive att ack, at least in the initial reappraisal. The on-going conflict between GAAP and IFRS consequences in a no fit criterion that is best for the U.S. , neither side can hold with the other on which accounting criterion is best for the U.S. The principle-based IFRS method makes it easier for U.S. Companies to pull strings or command the result of these criterions. Companies have already found loopholes in U.S. GAAP and it is really structured. IFRS criterions would make bigger issues by leting companies to put a value on each constituent of a fixed plus. It would besides do it harder for hearers to happen mistakes in accounting system of a company. IFRS accounting would let companies to alter market value of their fixed assets, which in bend would let them to exaggerate the true cost of the fixed plus. U.S. GAAP companies have to enter fixed assets at the clip of purchase, and they are non allowed to be changed until the plus is used up or disposed of during the life of the plus. Finally one twenty-four hours U.S. GAAP and IFRS will come to a common apprehension and /or understanding but until that clip the U.S. will lodge with U.S. GAAP accounting regulations and criterions for their fixed assets entering. Mentions Daniels, M. B. ( 1933 ) . The Evaluation of Fixed Assets.Accounting Review,8( 4 ) , 302. Diana, C. ( 2009 ) . 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