International Accounting Standards: Convergence and IFRS
Chapter 3
- Convergence and Harmonization of Accounting Standards
- Harmonization: Reducing alternatives while maintaining flexibility in accounting practices. Allows different standards if no logical conflicts.
- Convergence: Adopting one set of standards internationally. Main objective of IASB.
- Arguments For and Against International Convergence
Pros
- Expedite global capital market integration, easier cross-listing.
- Facilitate mergers and acquisitions.
- Reduce investor uncertainty and cost of capital.
- Reduce
Management Theories: Evolution and Modern Practices
Evolution of Management Theories
Classical Management Theory (1880-1930)
- Scientific Management by F.W. Taylor
- Administrative Management by Henri Fayol
- Bureaucratic Management by Max Weber
Neoclassical Management Theory (1930-1950)
- Human Relations Movement
- Behavioral Sciences Movement
Modern Management Theory (1950 Onwards)
- Quantitative Approach
- System Approach
- Contingency Approach
Classical Management Theory
1. Scientific Management
Frederick W. Taylor (Chief Engineer in Bethlehem Steel Company, USA) – Father
Read MoreVerbal Structures and Phrases in Language
Verbal Structures
The Predicate
The predicate describes the actions or experiences of the subject. It can consist of one or more words, including a verbal phrase. Verbal phrases can take various forms, such as active, passive, or periphrastic constructions.
The Verb
The verb expresses reality as an action, process, or state. It comprises a lexeme and morphemes providing information about person, number, tense, mood, and aspect.
Verbal Forms
Verbal forms convey information about the following:
- Person:
Globalization and Management: Impacts and Roles
Pros and Cons of Globalization
Globalization is the absence of borders and barriers to trade, according to Ohmae (1995).
Why the Upsurge in Globalization?
- Increased customer demands and access to competing products and services:
- More for less!
- Global brands vs. local brands
- Access to global distributors
- Increased technological innovation and application:
- Improved ICT
- Access to markets, partners, and global networks
- Increased power and influence of emerging markets and economies
- Increased globalization of financial
Basque Language: Structure and Usage in Text
Basque Language: Structure and Usage
The Backend
Iz. Sintagma (Noun Phrase)
- Konpletiboak (Completive): -la, -I (what), -t(z)ea(s), to disseminate.
- Questions: -n
- Izenlagun Funtzioa (Adjective Function)
- Erlatibozkoak (Relative): -tion, -Rico, on
Perpaus Bakuna (Verb Phrase)
- Denborazkoak (Temporal – when): -(e)n, -(e)lari, -(e)netik, -(e)ino, the rest of
- Arrunta (Regular – how): -(e)an, -(e)nez, as well as, -ta
- Kausazkoak (Causal – why): -(e)lako, because, -agatik
- Helburuzkoak (Final): -agatik, so
- Konparaziozkoak
Alice’s Adventures in Wonderland: A Journey Through the Rabbit Hole
Rabbit’s Home
In this instance, Alice meets the White Rabbit, who mistakes her for his housemaid, Mary. The rabbit sends her to find his gloves and fan. She goes to the rabbit’s home and finds the pair of gloves and fan, but she also finds a little bottle. Although this time the bottle is without a label with the words “DRINK ME,” Alice decides to drink it out of curiosity and starts to grow inside the house.
Alice has grown and now she doesn’t fit in the Rabbit’s home. She grows so much that she
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