Confucius ( type of essay is for Literature) Example | Topics and Well Written Essays - 500 words

Confucius ( type of is for Literature) - Essay Example This also coincides with showing actual change and not merely claiming. To talk is one thing but be that change that you are aiming for is another. Actions always speak louder than words. I have come to realize that people are more akin to trusting you if they see that you are working. When one has the gift of gab, people are immediately drawn to him. But sooner or later if words are not accompanied with actions then they will see right through you. Contemplation is imperative in everything that we do. â€Å"When one cultivates to the utmost the principles of his nature, and exercises them on the principle of reciprocity, he is not far from the path. What you do not like when done to yourself, do not do to others† (Confucius, The Doctrine of the Mean, par. 29). This is no less than the golden rule. There is no doubt that this proves true in our lives. The penchant for empathy is an integral human nature that must not be dispensed with. I do not steal because I do not want to be stolen from. I know how valuable possession is for a person as I especially value my own. Even for things as simple as getting in line this is true. We all have been victims of others who have no regard and cut through a line which is why I do not do the same. â€Å"It never has been the case that what was of great importance has been slightly cared for, and, at the same time, that what was of slight importance has been greatly cared for† (Confucius, The Great Learning, par. 7). If you truly value one thing then you will pay much attention to nurture it. The same reins true for our endeavors. At the moment, the most important part of my life is my studies. I work hard to attend to all of my subjects so that I will not receive a failing grade. Although there are times that I falter, I am not easily deterred and I continue on. Because I know that this will be something of great importance

Regulatory and Conceptual Framework Essay Example | Topics and Well Written Essays - 750 words

Regulatory and Conceptual Framework - Essay Example International accounting standards will enhance the quality and transparency of accounting information. According to the principles of corporate governance, corporate reporting should ensure that the information is fair and transparent (AAA, 2003). Consequently, this results in the numbers getting beyond reproach in terms of integrity. It is very easy for companies to reduce the costs of transactions because there is a reduction in risk estimations by the market. However, the standards have the effect of increasing costs for small companies since they have few resources to implement the changes including training of accountants. Second, international accounting standards enhance flexibility in financial reporting because it is principle-based as opposed to the use of rules. This means that companies have many ways to arrive at a valuation that is reasonable and suitable to particular situations. This makes it very easy to read and interpret financial statements (FASB/IASB, 2008). On the downside, international accounting standards can promote manipulation because companies can selection a method of valuation of their choice. Most companies will decide to report only desired results while hiding financial problems. The result is that a company may appear more profitable than its real performance. Third, the use of international standards has the advantage of creating uniformity in financial reporting which improves comparability. It would be more accurate to compare the financial performance of companies using a uniform accounting standard than using different standards. It makes it easier for an investor to select an investment. On the downside, the international standard has not been accepted especially in the U.S. This has influenced other countries to hold out because they use the accounting standards adopted by the U.S. as a gold standard of measure. The situation is worse for foreign firms doing business in the U.S. because they