Reflective Writing # 2 Essay - 895 Words

COM 301 Reflective Writing # 2 (Verbal and non-verbal) Reflective Writing Two A. Verbal 1. What labels, that you dislike, have been applied to you or to groups (for example: ethnic, social, cultural, professional, etc.) to which you belong? Explain how the labels have or have not affected you. One ethnic label that I dislike is the term â€Å"Chino† or â€Å"Chinks.† I do not like to be referred to as Chinese as Hmong people are not Chinese (people like to use it even though they know that Hmong people are not Chinese). Neither do I like for people to label me by my eyes (in fact, I do not believe that I have small chinky eyes). Although I do not like this label, it hardly affects me at all because it’s not an accusatory label; no one is†¦show more content†¦What do you mean when you are silent? Do you ever use silence strategically? I do not like being label that way! I hate it! People assume that just because Im short and overweight. I can’t do anything physically active. A person communicate different variety of ways, both verbally and non-verbally. Primates and other animals have been communicating without the use of language since long before humans invented verbal communication. Some scientists believe that even today, most communication between humans is non-verbal. Both types of communication differ significantly between genders and across cultures. What is Communication? It is the use of messages to create meaning within and across a selection of contexts, cultures, methods and media, according to the Association for Communication Administration. It is a learned activity you must learn to speak your native language, operate a cell phone or even use gestures that are common in your culture to make communication. You must also learn to receive and interpret messages from others whether it be in verbal or non-verbal communications. Verbal vs. Nonverbal Communication Verbal communication is best suited to convey specific information, and is better suited to communication through technology over long distances. Nonverbal communication is more immediate than verbal communication, but its meaning is typically more ambiguous, notwithstanding the fact that certain forms of nonverbalShow MoreRelatedReflective Essay1508 Words   |  7 Pagesreflection in the mirror. The same can be said about the reflective compositions. A reflective composition is the result of introspection into past experiences or memorable events in our lives. We introspect into these memorable events and reflect over them with regards the emotions and influences they have left in our lives. In simple words a reflective essay is a piece of ‘you’ being presented in words. What is Reflection? In a reflective composition you really need to think about yourself andRead MoreEssay on EDU701 COURSE1519 Words   |  7 PagesSubject knowledge and skills 2. Practical/Professional skills 3. Thinking and scientific skills 4. Communication skills 5. Social skills, teamwork and responsibilities 6. Values, ethics, moral and professionalism 7. Information management and lifelong learning 8. Management and entrepreneurship 9. Leadership skills Soft Skills CS CTPS LLIM TS ES EM LS X X X X X X Assessment SP PBL SP FA PBL SP SP, FA, PBL PBL Soft Skills 1. Communication Skills (CS) 2. Critical Thinking andRead MoreThe And Structure Of The Intellectual Argument888 Words   |  4 Pagesthink about how you will construct your argument, from the way you will organize your key points to how and where you will disprove opposing views. A lot of students find it hard to identify what it is that makes a good piece of essay writing. At the core of such writing, it is the nature and structure of the intellectual argument. So, what is an argument? An argument is well defined as giving of reasons, evidence and support for a claim that something is true. Most importantly, there are two essentialRead MoreThe Activity Of Doing Action Research Among Iranian Teachers1540 Words   |  7 Pages or participating in discussion workshops, interviewing with professional teachers, since reflection is an unfamiliar terminology among Iranian learners and teachers which has not been practically used yet. Thus, they can gain the best possible reflective and successful as well as practical and effective outcome. Teachers on the other hand have the responsibility of helping the students which could guide them to become better, autonomous learners through different procedures and ways of reflectionRead MoreReflective Writing1241 Words   |  5 PagesHow do I . . . Write a Reflection? Why reflective writing? Reflection offers you the opportunity to consider how your personal experiences and observations shape your thinking and your acceptance of new ideas. Professors often ask students to write reading reflections. They do this to encourage you to explore your own ideas about a text, to express your opinion rather than summarise the opinions of others. Reflective writing can help you to improve your analytical skills because it requiresRead MoreUsing Gibbs Reflective Cycle In Coursework1639 Words   |  7 PagesUsing Gibbs’ Reflective Cycle Gibbs’ Reflective Cycle (or Gibbs’ Reflective Model) Gibbs’ reflective cycle is a theoretical model often used by students as a framework in coursework assignments that require reflective writing. The model was created by Professor Graham Gibbs and appeared in Learning by Doing (1988). It looks like this: Action plan If it arose again what would you do? Descripiton What happened? Conclusion What else could you have done? Feelings What were you thinking and feelingRead MoreMy School Experience Reading And Writing905 Words   |  4 Pages Throughout my school experience reading and writing was always a struggle for me. I did not like to read because I could not remember anything I read, and I did not like to write because what I wrote was unorganized. Reading also can help improve writing, but when I was younger, I was stubborn and not aware of that. I had no confidence and thought I was never going to achieve good grades in an English class. So I let my grades slip and with that I decided to not go to college after high school.Read MoreImportance Of Reflection1482 Words   |  6 Pagescontinuous learning as well as personal and professional development. This can include the process of reflective writing as a means of capturing the thought and experiences (Ghaye,1998). A significant relationship is found between reflective writing and academic learning, as one can identify the need for self-development, critical review, awareness o f individual functions and decisions. Reflective writing is valuable for students to identify their role when working with others (Anne Sen, 2010). 1.1 PracticalRead MoreThe Theory Of Reflective Practice Within Healthcare And Nursing894 Words   |  4 Pagesunderstanding of the theory of reflective practice within healthcare and nursing. Furthermore, the essay will identify and analyse the different models of reflective practice, the effectiveness of the models and how healthcare professionals can apply this within their profession. Also, the barriers that may prevent a healthcare professional from reflecting will be discussed in this essay and how it will impact the quality of care delivered to patients. Reflection and reflective practice can be definedRead MoreSelf Assesment Report1026 Words   |  5 PagesPersonal Development planning and its importance in the life of a person. I explored my learning styles using activities done in tutorials. I came to know that I am a reflective learner. Contents List 1.Introduction 2.Self Assessment Analysis 3.Learning Styles 4.Personal Development Planning (PDP) 5. Conclusion and recommendations

Jails and Prisons - 1109 Words

Jail and Prison One of the key cornerstones of the criminal justice system is the correctional system, specifically the correctional facilities. Prisons and jails are examples of correctional facilities that help keep the criminal justice system running smoothly and efficiently. Without these facilities, there would be no place for criminals to serve their sentences, and no one would really be safe. Although prison and jail seem to be interchangeable words, they actually mean two different types of correctional facilities. According to â€Å"Prisons and Jails† (n.d.) website, Prisons are run by the state or federal government officers for adults who are convicted criminals sentenced for at least a year or more, the adults are†¦show more content†¦Violence within prison is quite common. One type of violence that relates directly within the subculture of prison would be prison rape. Although starting in 2003 there have been programs put in place (PREA) to help put an end to this sort of violent and demeaning act, there is still rape occurring within prisons across the nation (Schmalleger, 2011). More typical violence occurs within prison as well, and most of these fights occur when someone breaks the code of ethics within the subculture of prison. Probation and parole are two positive endings for a person who has been incarcerated. Probation is when a person’s sentence is suspended as long as they stick to certain conditions of an agreement (Value of probation and parole, n.d.). Violating the conditions of this agreement can result in the person being brought back into incarceration to serve the rest of their sentence. Parole is when a person is allowed a conditional, early release from their prison sentence. In order for a person to be able to receive parole, they need to appear before the parole board (Value of probation and parole, n.d.). Parole and probation do a lot of positive actions for the criminal justice system and the community. Within the criminal justice system having these in place makes it so that there is less chance for prison overcrowding, while alsoShow MoreRelatedJails And Prisons1418 Words   |  6 Pagesï » ¿ Jails And Prisons Adam Putnam CJA/204 February 18, 2014 Leroy Hendrix Jails And Prisons In the following paragraphs comparisons between the Rappahannock Regional Jail in Stafford County, Virginia and Federal Corrections Institution Petersburg Medium in Hopewell City, Virginia. The types of prisons will be identified. The major differences between the Rappahannock Regional Jail and FCI Petersburg Medium will be examined. 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The United States alone spends nearly 1.6-billion dollars per year in prison accommodations and about fifteen thousand per prisonerRead MoreJails vs. Prisons1464 Words   |  6 PagesCorrections Jails vs. Prisons ------------------------------------------------- Andrea K. Wester ------------------------------------------------- April 30, 2012 To start, this paper has been more than challenging for me. Never before has my eyes been more opened to such differences. And to warn you I may have more information than needed, but no surprise there. Here bellow is what I have come up with on the differences between jail systems and prisons systems. There is not a major differenceRead MoreOvercrowded Jails and Prisons1821 Words   |  7 Pages Why are prison and jail so overcrowded? Could it be we need to establish a better program for rehabilitating the inmates? For many years now rehabilitation has been an issue within the Criminal Justice System. The debate of should these criminals be punished or should they be rehabilitated. What is the reason for our jails and prisons for becoming so full? Is it because we simply like to house criminals to keep them off the streets or do we truly not know how to rehabilitate them back in to societyRead MoreCja 234 Jail and Prison1184 Words   |  5 PagesJail and Prison CJA 234 Jails and prisons from the outside perspective seem to have the same meaning. Although jails and prisons are a part of the criminal justice system correctional system, the fact is jails and prisons are different. The jail system is a short-term facility where inmates are confined until their trial date. State and Federal prisons are long-term facilities where inmates are confined after being convicted.Read MoreA Brief Comparison of Jails and Prisons785 Words   |  3 PagesComparison of Jails Prisons A Brief Comparison of Jails Prisons It is common knowledge that one of the primary penalties of violating the law is incarceration. Civilians, those who are not in the business of law enforcement, and even some professionals in the criminal justice field, throw around the terms jail and prison quite often, using them interchangeably. Jails and prisons are not the same. This paper will elucidate some of the primary differences between jails and prisons as well as drawRead MoreJails and Prisons Comparison Essay1064 Words   |  5 PagesPrisons and jails hold some similar characteristics but are completely different models in which they serve in the criminal justice system. Some of the types of crimes that America faces today are: violent crimes, property, white collar or organized crime, and public order crimes (Worrall, 2008). The criminal justice system sets the regulations and policies of how an offender will be held accountable for their inappropriate actions. The criminal justice system is a process that takes ti me and moneyRead MoreSentencing Of A Jail Or Prison Sentence1598 Words   |  7 PagesDeterminate Sentence is a jail or prison sentence that you cannot change its definite. But offenders are allowed to be released after they have served their time. Determinate sentences were almost exclusively used throughout the eighteenth century and it was believed that judges were the best people to determine the amount of time needed to punish the offender and to deter them from further crimes. Judges were granted the power to determine sentencing also took much discretion away from the judgesRead MoreJail and Prison Comparison Paper1460 Words   |  6 PagesJail and Prisons Comparison Paper Jail is usually the first place a person is taken after being arrested by police officers. The authority of states to build, operate, and fill jails can be found in the Tenth Amendment, which has been construed to grant to states the power to pass their own laws to preserve the safety, health, and welfare of their communities. Jail is to protect the public and citizens of county by providing a wide range of constructive, professional correctional services for

Essay on 2g Spectrum Free Essays

string(245) " retired officer the Supreme Court has take up the case and on 2nd February 2012 the supreme court of India has stated that the license allocation are done without following any procedures and rules and this directly has favored many companies\." Essay on 2G Spectrum Scam B Rajashekar Reddy (1593206) MADS 6604 Ethics and Public Values Prof Brenda Lyshaug, Ph. D. Fairleigh Dickinson University April 01, 2013 â€Å"2G† stands for â€Å"Second-generation wireless telephone technology†. We will write a custom essay sample on Essay on 2g Spectrum or any similar topic only for you Order Now The 2G scam is one of the biggest scam till now in India and the highest authority of India Supreme Court stated that this scam is mother of all the scam till now in India. In this 2G spectrum scam many government officials are involved for illegally undercharging frequency allocation for the mobile telephonic companies. The difference between the money collected and the money to be obtained is 1, 76,379 crore rupees (USD 39 billion). The issuing of licenses to the mobile companies occurred in 2008, but it first came to notice when the income tax department investigating one of the political person NiraRadia. CBI and CAG are the two investigation agencies involved in the investigation of the 2g scam. CAG is a file based government auditing agency. It focuses on reporting the issues when there is a deviation from the set policies and procedures and also how it is effected the economy growth. CAG has clearly mentioned that the allotment of licenses was not held in realistic price. That has caused a loss of revenue up to Rs. 176 lakhs crore to the government of India. The report also stated that telecom minister A. Raja has totally ignored the advice of finance ministries on allocation of license to benefit for few operators. It also that all the telecom regulator acts are ignored to misused. CAG also reported that the price at the license was allocated in 2008 are according to the prices in 2001. The price is very low when compared to the technology and other development from the year 2008 to 2001 which has resulted in loss to the government. The auction methods followed and the bids to invite the participants to sell the license are not carried out according to proper rules. CAG also stated that telecom ministry has crossed all the financial procedures, policies and rules according to his needs. Raja has issued licenses to the candidates who are ineligible and to the candidates submitted the false documents. From 122 licenses 85 are illegally assigned nd they are not to the mark or rules needed by the telecom regulations act. Government has also formed a special central bureau of investigation team to investigate the case. The charge sheet filled by the CBI has stated that the loss was 309845. 5 million (US$ 5. 7 billion) on 2nd April 2011. As per joint report of Income Tax Department and Central Bureau of Investigation agencies. It has stated that A. Raja could have receive d an amount of 30 billion rupees (US$ 550 million) as a bribe from the companies for bringing the cut-off date forward for the applicants of spectrum. The actual date of submission is 1st October 2007 then later it is shifted to 25th September 2007 this shift in the deadline has eliminated many applications and it went favor of some of the applicants. His auction is not done according to the market valuation and instead he adopted the rate of 2001, when the telecom sector was in perfect boom. Actions to prevent such scams All the proceeding done by the parliamentary committees should be made clear to the public and media, so that everyone can clearly understand the issue. The government needs to take severe and serious actions in such issue that can restrict others to involve in such scam. Government has to prove itself by taking all the actions on the accused independent of their position and personality. Media has to perform its duty by letting out the truth to the public in such issues. Fast track courts are to be established by government to create transparence in the justice in such scams. On May 2007, A. Raja has been appointed as a telecom minister and in august 2007 department of telecommunications DOT has initiated a process of allocation for 2G spectrum. On 25th of September 2007 telecom ministry issues press not for the deadline for applications as October 1st 2007. The prime minister of India writes to the telecom ministry A. Raja to make sure that all the process of allotment should be carried in a transparent and fair manner and to make sure about the fee with respect to the market value. But, A. Raja has wrote back to prime ministry rejecting many of his suggestions and recommendations. This scam involves many political issues, as A. Raja is member of DMK party which supports congress government in the central. Some videos related to A. Raja regarding the lobbing for the post of telecom ministry has been leaked to press. That became as a serious issue in the central at the same time 2g scam has been came in to the picture. Congress government thought of laying off the case as it became a prestige issues to the government. In this process the CBI head and Income tax department head has been discharged from their positions and sent to other department. Since, DMK is a supporting party to the government. The government doesn’t want to lose their support as it is very much needed to be in power. As the video’s regarding the lobbing for the telecom ministry post has went in to the public through media. Then the government stated to resign for the post of telecom minister. Earlier, A. Raja refused to resign but later his is left with no other option. In this scam, the government tried to divert the issue by stating that there was a gain instead of loss to the government. Later, other statement has been issued from government stating that there was a zero loss to the government. This two contradiction statement has created my doubts in the public. As per the public petition filled by the senior retired officer the Supreme Court has take up the case and on 2nd February 2012 the supreme court of India has stated that the license allocation are done without following any procedures and rules and this directly has favored many companies. You read "Essay on 2g Spectrum" in category "Essay examples" A. Raja has been arrested on February 2nd 2011 and this impacted many company shares and share market has been collapsed by 20% on that day. Companies like swan telecom and unitech have got the licenses at very low price and then they sold and given partnership to other companies at very high price when compared to the price that they got the license. This clearly states the difference between buying and selling price, which has done great loss to the government. For this, A. Raja has taken bribe from the companies indirectly by investing the money into the Kalaignar TV channel in Chennai, which is headed by MP Kanimozhi daughter of DMK party leader M. Karunanidhi. Telecom department need to follow the telecom regulation act and rules and this should be monitored by the department of telecom director. If anything done in wrong way or without following the rules then it should be notified by the director and definite action should be taken like cancelling the licenses. The government needs to assign this post to talented and trustful and sincere persons like retired IPS officers. This scam could not been occurred if the director of department could have noticed it and complained it to the higher officials. When such bids or allocations are conducted with large amount of money then there need to be some steps should be carried out like perfect document verification and perfect financial statement. Also need to check whether the company has all the eligibilities to apply or not. There need to perfect rules and regulations need to be setup before the process of bid is initialized. The income tax and CBI need to focus on the participants of the bids. Since, large amount of money is involved in the bid. Government also need to act irrespective to the political issues when such issues occur. Instead of covering those issues the government needs to take transparent and fair action regardless of the political issues and matters. As a government servant A. Raja has misused all his powers and responsibilities for his now needs and work. He used his power to build his own wealth and his fellow beings. As a public and government servant he needs to serve the public with their needs and wants. He used all the powers for his own interest. As a public servant he has lost all his faith and trust towards the public. He misused the public funds and values of the parliamentary. Which is very unethical to do being in such high position. Beside A. Raja, M. K. Kanimozhi has also involved in the scam. M. K. Kanimozhi is only daughter of five time chief minister of Tamil Nadu, M. Karunanidi representing DMK political party. Kanimozhi is Member of Parliament representing Rajya Sabha for Tamil Nadu. As per the charge sheet Kanimozhi has 20% share in her family owned TV channel Kalaignar in Tamil Nadu. As per the CBI Kamimozhi is main head behind the scam as she worked with A. Raja to shift the money from the applicants of spectrum to Kalaignar TV about 2 billion. Also, stated that A. Raja has directly involved in launching the TV channel by getting the permission from Ministry of Information and Broadcasting and also from DTH Tata service. She was charged a case to breach the trust by a public servant. She was arrested by CBI on May 20th 2011 and granted bail on November 28th, 2011 after spending in judicial custody. Still the tail is being following in special branch court CBI. Siddharth Behura is the telecom secretary when whole issue has taken place. Allegation on him is that he has shifted the deadline for the applications so has to avoid some companies. This is total misuse of power. He has been arrested by CBI on Feb 2nd 2011 and granted bail later. RK Chandolia, Raja’s private secretary involved in each and every aspect of the scam. He and Behura both together planned to limit deadline for the applications. He was arrested by CBI on Feb 2nd, 2011 and later granted bail. Irrespective of political pressure the ministry should be handed to well educated and trustful person. I think the director of department and minister is responsible for the entire scam. The Director of Department position needs filled by the sincere and honest person like retired IPS officers. The CBI offers and income tax department need to work out very effectively. Political pressure should not be applied on both the departments. In most of the cases the CBI is operated by the central government which makes its weaker to actions on the accused. That is not good for the country growth. CBI is a independent department under Supreme Court but most of the cases it work with respect to the ruling party. The income tax department needs to be more advanced and strengthen. This could reduce the flow of black money in this kind of situations. They need to monitor every action when related to the huge change of money. Media need to be alert in such issue and need provide perfect information to public. In this scam media played a vital role by leaking out the important videos to the public and letting out the truth. Whistle blowing in some situation is very important and in some other situations it create serious problem to the whistle blower. When coming to this scam I think whistle blowing is right thing to do. Since, the highest position of the department of telecom is involved in it. Report against a minister to any higher authority is not a normal thing. This could be harmful to him and his position in the government. In this scam a government offer has approached to income tax department about the issue and other filled a case in the Supreme Court. As many political and government officials are involved complaint to higher authorities is very risk thing to do. In this case the government tried to reduce the impact of the issue by withdrawing the head of CBI and Income tax department by this we can understand the political pressure in this issue. Later whistle blowing to the media had made to case to sustain and the accused got arrested. A. Raja has cleared used all his powers for his own purpose. The lobbying for the post of telecom minister itself clearly stated his nature. He didn’t even consider the recommendation and rules that Prime Minister has recommended. His thoughts were to earn and take advantage from his position. In his views it is ethical for him to do like as he did for his self advantage. The result of Raja’s dissent is the 2G scam. His dissent had done great loss to the government of India. Lot of money has been misdirected from the government treasure which should be used for the public welfare. This issue has lost the trust on the government in the public. The entire license issued by the Raja has been dismissed by the government and allocations with new prices are done later. This has been wasted government time and money. The moral principles like not to cheat the public being a public representative are at stake. The responsibility values as being in the position are at stake. As a responsible person Raja has make all the allotments in fair and transparent manner. He should act in such a way that government and public need to get advantage of it. Everything exposed in this scam are done unethically, being a public servant he should use the power for the public welfare not for his own needs. But Raja has totally misused his power for his personal needs and to give advantage for his own people. To stop such scam CBI and income tax departments need to be provided with full power and no political pressure on them. Reference 2g scam: Timeline. (2011, OCT 22). THE INDIAN EXPRESS. Retrieved from http://www. indianexpress. com/news/2g-scam-timeline/864055 2g spectrum scam: The story so far. (2011, September 15). NDTV. Retrieved from http://www. ndtv. com/article/india/2g-spectrum-scam-the-story-so-far-133841 Court to consider charge sheet in 2g scam case on feb. 11. (2013, JAN 30). THE HINDU. Retrieved from http://www. thehindu. com/news/national/court-to-consider-charge-sheet-in-2g-scam-case-on-feb-11/article4360930. ece Dhananjay , M. (2011, sept 07). 2g loss? ovt gained over rs 3,000cr: Trai. THE TIME OF INDIA. Retrieved from http://articles. timesofindia. indiatimes. com/2011-09-07/india/30122800_1_spectrum-trai-2g John , R. ( 2012, February 06). India to auction 2g spectrum from scandal-tainted licences. TECHWORLD. Retrieved from http://news. techworld. com/networking/3335201/india-to-auction-2g-spectrum-from-scandal-tainted-licences/ What is the 2g spectrum scam about?. (2012, march 2013). D ECCAN HERALD. Retrieved from http://www. deccanherald. com/content/112984/what-2g-spectrum-scam-about. html How to cite Essay on 2g Spectrum, Essays

Accounting Standards For The Companies †MyAssignmenthelp.com

Question: Discuss about the Accounting Standards For The Companies. Answer: Introduction The conceptual framework of financial reporting has been designed to provide a basis to the individuals for the formation of their accounts and financial statements that it is true and showcases the correct details about the company and its affairs. It aims in encompassing the major theoretical and conceptual issues that are surrounding the financial reporting and help in forming a strong base on which the accounting standards can be based(Goldmann, 2016). These frameworks were in the starting found to be very helpful as they provided the necessary accounting standards and guidance for formation of the financial statements. These frameworks aim to provide consistency in the accounts of the companies around the world so that it is easy for the people to make the necessary comparison between these companies. But the main point to be discussed in this report how successful has been these frameworks in providing proper guidance to the companies and whether they are mere rules that the co mpanies around the world has to follow(Fay Negangard, 2017). The main analysis will be done on the success rate of these reporting standards in making sure that the accounts of the company are prepared in such a manner that they end up showcasing the true and fair view of the company and its accounts. It will also be seen whether these statements were able to bring in a radical change in the world scenario as has been contemplated. Analysis In the past there were accounting standards that governed the scenario of accounting for the companies and there were a lot of difficulties that were associated with the same, this led to the need to a more principle based framework that will help the companies in achieving better results. The main issues that were faced were- There was lack of consistency between the accounting standards that rendered lot of difficulty especially in the concept of prudence versus materiality. There were also internally inconsistent as the effect of the standards on the transactions of the financial position of the company was considered more important then its overall effect on the financial statements of the company. There were not defined on the policy of providing the best policy for the companies but were often defined on the principle of fire fighting approach in case there is any situation of corporate failure or scandal. The problems were considered after they occurred to provide the best solution to the companies. These standard setting bodies were often very biased in their approach and that influenced their overall decision in this field(Goldmann, 2016). There were many successive standards in which the same theoretical issue was discussed again and again and that led to a large amount of confusion and problem. It was also stated that in lack of a conceptual framework for accounting it led to proliferation of the rule based system of accounting that made the entire process very inflexible and often the changes were not based on internal analysis and led the entire scenario very cryptic. The introduction of the conceptual framework promised a more principle based approach where the accounting standards were developed based on more conceptual analysis and hence was flexible as per the situation that the companies were facing(Mayntz, 2017). The main purpose of the financial conceptual framework was To help in the development of the future IFRS and help in reviewing the present standards on the basis of conceptual analysis. To help in harmonization of the accounting standards and regulation by removing the inconsistencies those are present within. To help those who are responsible for formation of these standards in cases that includes dealing with accounting situation for which there is no accounting standard as of now. The framework is also very valuable for the auditors and the other professionals and helps them in making an opinion on the financial reports of the company. The main content of this financial framework includes the following To understand the main objective of the financial statements. The main objective of the reporting entity is also taken into consideration. The main parties that will use these financial statements should be indentified and their opinions must be taken into consideration(Das, 2017) The previous accounting standards that dealt with assets liabilities, income and expenses should also be considered by the companies and proper opinion must be developed on the same that will eventually help the bodies in formation of these standards. The main advantages of designing these accounting conceptual framework of reporting includes There are of very high quality and are widely accepted all over the world and hence helps in maintaining consistency between the accounting concepts and principles of the companies around the world(Tysiac, 2017). They have been developed by highly professional people with the aim of global convergence and providing a better outlook and approach. The companies will have better status in case they apply the IFRS for preparation of their accounts and get their accounts audited accordingly. In case the companies are having foreign subsidiaries in that case these companies will have less difficult in maintain consistency between the companies as they will be based on the same accounting principles. It helps in easy comparability between various companies around the world and the companies that are operating in the same filed. This will help the users of the financial statements and help them in taking important decisions accordingly for future prospects. Thus we see that in general the internal reporting framework is having a lot of advantages and is very helpful for all the parties that are related to the companies around the world. But it is not as what is seen there are certain loopholes in this highly designed secured structure of reporting that often goes unreported. As per reports it has been stated that the framework has not been successful in providing solutions to all the problems that the companies are facing and has been a failure in many ways(Gartland, 2017). It has also been said that it has led to unnecessary increase in reporting of large amount of liabilities by the company and has also quashed any kind of innovation or changes that the companies might want to bring. It has also failed to bring in a radical change as it has promised through its framework. The main areas where it has been quite disappointing are- It is extremely difficult to set up, it requires a large amount of analyses to reach to a conclusion. Large amount of time and energy is wasted in the same that affects the formation of these accounting standards(kabir, et al., 2017). It is also very expensive to imply the same after it is formed. It requires providing large amount of training to the professionals to understand these accounting standards and also the users who are dependent on the financial statements to take important decisions regarding their accounts finds it difficult to read the same and analyze it accordingly. The conceptual framework is very rigid. This is one of its major disadvantages that rules out any possibility of any new changes or innovations that the companies might want to bring. They are based on a particular guideline and the companies around the world are asked to follow the same accordingly no matter whatever is the situation. There are large amount of conflicts between the previously set accounting principles and the new conceptual framework. This leads to a large amount of confusion, companies find it difficult to deal with it accordingly and reach to a conclusion(Mayntz, 2017). The conceptual framework may be useful for only some users and other may not find it that beneficial. The language used is very difficult and therefore it is not easy for the users to understand the same and apply the same accordingly in their financial statements. The users are dependent on these statements to take important decisions regarding the company and thus they are highly dependent on these conceptual frameworks to show case the true state of affairs of the company. It is also stated that these framework has often led to reporting of large amount of liabilities by the companies and the firm and thus causes a lot of difficulty for the companies to follow the same. It renders itself useless in cases there are some peculiar situations based on accounting on which there is no framework established beforehand(Laursen Thorlund, 2016). It has also failed in ascertaining consistency in the accounting principles and standards around the companies of the world, as not most of the company find it easy to apply these principles in developing or poor countries. Hence the global consistency that the framework wanted to achieve has not been possible till now. This is a major failure for the framework because the companies are facing so many issues in applying the same accounting principles in their financial statements. The companies are thus not able to produce reports on the basis of the conceptual framework due to which there are issues in comparing the statements of the companies around the world. Thus the main aim of comparability that will help in solving the issue of comparing the accounting statements of the company rendering them useful for the companies in the global world scenario is not met. Thus we see that there are many aspects in which the accounting standards have failed to provide a much needed global awakening to the companies in the context of applying these accounting principles and standards that has been set up after a lot of contemplation and research. So the main aspects that the rules framing bodies must consider is to set up such standards that will help in achieving a global consistency that are easy to understand and less complex. Conclusion Hence after analyzing the all over situation, it can be said that the international framework of reporting standards have failed in more than one scenario in providing the desired results that the companies wanted. However they are way better than the previous accounting standards that were there before and thus it is important that the companies around the world must try to inculcate these principles in the formation of their accounts so that it is easy for the users. Large number of companies around the globe has made it mandatory to follow these principles that the dream of achieving consistency in the accounting standards and accounting reports is not far behind. The best that can be accepted out of this conceptual framework is that It helps in making the current practices of accounting more better and legitimate. It should also see to it that the public sectors should not be given the control of framing the rules for the accounting bodies. It must also try to maintain the desire d economic and social status. All these will help in the long run in achievement of the long term goals that the conceptual framework bodies wants to achieve. It will help in making the overall concept of accounting standards and accounting policies easier to employ and understand. It should also try to take the necessary feedback from the related parties to understand to understand the difficulties that the users are facing and base their overall judgment on the basis of that. Thus all these will help in achievement of the global change that this framework of accounting wants to achieve that will make the overall scenario more favorable to the users and also make it more user friendly. References Das, P., 2017. Financing Pattern and Utilization of Fixed Assets - A Study. Asian Journal of Social Science Studies, 2(2), pp. 10-17. Fay, R. Negangard, E., 2017. Manual journal entry testing : Data analytics and the risk of fraud. Journal of Accounting Education, Volume 38, pp. 37-49. Gartland, D., 2017. The importance of audit planning. Journal Of Accountancy. Goldmann, K., 2016. Financial Liquidity and Profitability Management in Practice of Polish Business. Financial Environment and Business Development, Volume 4, pp. 103-112. kabir, H., Rahman, A. Su, L., 2017. The Association between Goodwill Impairment Loss and Goodwill Impairment Test-Related Disclosures in Australia. 8th Conference on Financial Markets and Corporate Governance (FMCG) 2017, pp. 1-32. 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