Standards For Financial Decision Making - 926 Words

Abstract. The article reviewed was Standards for Financial Decision-Making: Legal, Ethical, and Practical Issues. The key of the abstract is to emphasize the existence of standards and statutory mechanisms for financial decision-making. The article is based on standards of the National Guardianship Association (NGA) (p. 1275). Introduction. The authors study the meaning of term â€Å"standard†. Some dictionaries determine the term â€Å"standard† as a model of acceptance, others – as a measuring criterion. If entities do not operate under the established standards, they face with sanctions for ethical violations and professional negligence. The authors analyzes principles and guidance of NGA standards, and frequent mistakes when making financial decisions. The main objective of the study is to analyze conflicting issues of financial decision-making, guardianship problems, and adoption of NGA standards (pp. 1275- 1276). The study is important because it demonstrates practical approaches of applying standards to the common financial decisions. The authors consider two problems: the impact of fiduciary duties on decision-making standards, and the acceptance of model behavior by guardians of business. Literature Review. The authors use a systematic review of literature in the research. The literature review is categorized into three parts: general principles of decision-making, the role of guardian and conservator in decision-making, the relationships between fiduciary duties andShow MoreRelatedRules Based Accounting Standards And The Decision Making For Accountants Facing Financial Statements Essay892 Words   |  4 Pagesproblems or make decisions. In addition, high quality accountants must follow a set of guiding principles for preparing financial reports during their careers. Therefore, numerous principles and rules are significant when it comes to accounting. The External Reporting Board (XRB) which called the New Zealand Conceptual Framework (CF) provides the basic principles. Comparing to CF, the rules-based accounting standards includes more detailed rules. Furthermore, the principle-based standards which basedRead MoreReporting Practices and Ethics Paper833 Words   |  4 Pages HCS 405 Health Care Financial Accounting Abstract There are many reasons as to why reporting practices and ethical standards are of the upmost importance in healthcare and in any business. The types of generally accepted accounting principles; to the corporate compliance, ethics, fraud, and abuse are all important factors to be considered in order to maintain a successful business. The four elements of financial management are often used to prevent fraud and embezzlementRead MoreReporting Practices and Ethics Paper996 Words   |  4 PagesFinancial management is very crucial in today’s health care financial procedures. It is one the most important aspects of the financial health care. There are many assessments made- based the financial records and the business transactions that occur within the health care organization. It is crucial the financial records are kept up- to -date and they follow specific guidelines. The books kept up- to- date and in order, this will show the amount of money being brought into the organization for profitRead MoreShould the Fasb Consider Economic Consequences in Standard Setting1542 Words   |  7 PagesFASB should consider economic consequences in the standard setting process; â€Å"The Board cannot cease to be concerned about the cost-effectiveness of its standards. To do so would be a dereliction of its duty and a disservice to its constituents†. (SFAC No.2 P. 144) FASB member Victor H. Brown identified the economic costs to consider: â€Å"The costs of introducing a new standard, of course, include the out of pocket costs of converting to the new standard, the costs of processing and reporting the informationRead MoreEvaluation And Disclosure Of Information Essay1674 Words   |  7 Pagesthe financial statements, the accompanying notes and accounting policies of MFT Ltd for the year 2014. This essay will pay specific interest to the application of the conceptual framework of accounting to the relevant Accounting Standards (NZ IAS 1, NZ IAS 7, NZ IAS 8 and NZ IAS 10). The report will comment on why it is essential to regulate external financial reporting by Mainfreight. The second part will discuss the role of conceptual framework to accounting standards in external financial reportingRead MoreInternational Accounting Standard Board ( Iasb )1454 Words   |  6 PagesInternational Accounting Standard Board (IASB) is a professional body that develops and approves International Financial Reporting Standards (IFRS s). The IASB is known as an independent and a private sector organizational. IASB was formed to replace the International Accounting Standard Committee. The IASB organization is responsible for all technical matters of the IFRS Foundation that includes ‘full discretion in developing and pursuing its technical agenda, subject to certain consultation requirementsRead MoreHcs 4051142 Words   |  5 Pagesoperation is that of financial management. Financial management of health care organizations incorporates ethical standards and proper reporting practices. Financial practices and ethical finance concerns are important to the success of any organization, particularly within the health care industry. The four elements of financial management, generally accepted accounting practices (GAAP), and general financial ethics standards are part of ensuring fair and accurate financial reporting from healthRead MoreAcc 11410 Words   |  6 Pagesanalyze and interpret financial informatio n, prepare financial statements, conduct audits, design accounting systems, prepare special business and financial studies, prepare forecasts and budgets, and provide tax services. Double-entry bookkeeping records the economic activities of a business. Accounting includes bookkeeping but duties are far greater than it. What types of information are critical to the performance of the accounting function in an organization? All reliable financial information fromRead MoreConceptual Framework1208 Words   |  5 PagesAbstract This essay protrudes the objective of general purpose financial reporting (GPFR) as edged in the conceptual framework. The essay instigated with a brief history and development of conceptual framework which comprises Statement of Accounting Concepts. Apart from that, the essay also clarifies on how the financial information is essential for the users as stated in the SAC 2, for decision making purposes. Additionally, an illustration of the relationship between the SACs and how they areRead MoreEssay about Financial Management of Health Care Organizations1320 Words   |  6 PagesRunning head: FINANCIAL MANAGEMENT OF HEALTH CARE ORGANIZATIONS Financial management of health care organizations Name: College: Date: Introduction Healthcare managers participate in various important roles that allow them to form and maintain flourishing organizations. Managers ought to be aware of the decisive elements of management and the generally accepted accounting principles. At the same time, they must realize, stick to, and put into effect the general financial ethical standards

Song Of Solomon 2 4 - 1266 Words

This verse in Song of Solomon 2:4, sounds like a piece of entry made in a diary about the romantic love shared by two people. We are about to unfold a mystery hidden in the Love Diary of God – The Bible, as we try to get answers to the question of â€Å"who are these people and when did it happen?† This verse talks about a young peasant vineyard keeper known as â€Å"the Shulamite† (Song of Solomon 6:13) who was telling her friends how she is dearly loved by the wisest and richest king of his time – King Solomon among the many wives he had. This wealthy king had hundreds of wives and concubines of nobility, royal status, beauty and charm from different nations. But many of his marriages were political arrangements to seal treaties with other†¦show more content†¦Everyone accorded the wife the due honor and respect for the sake of the King. The romantic love relationship which was intended to last for ages went on for few years but soon was over. A pparently one of the King`s former captains (satan), a rebel and fugitive who had been banished from the palace deceived the wife by telling her lies about the King because of hatred. Jealous of the romantic love of the King for His wife, the rebel succeeded to destroy the marriage by using the wife against the King. The wife oblivious of the dangers ahead followed the rebel to his small village far from the palace. On reaching the village where the rebel is the local champion, started maltreating the wife of the King and made her a captive. As a captive the wife had no choice but to play along with the demands of the rebel. The King despite the hurt still loved the wife so much that the people in His kingdom could not even understand. He sent an envoy with supplies for her and to tell her how much He loves her, has forgiven her and that she can return to the palace through an escape route on a map. The map (the law) contains laid down instructions and sophisticated road network w hich leads to the palace. With the map in hand the wife attempted escapes which in most cases became futile. Messengers were sent to assist the wife to escape but most of them were captured as well and murdered. One day, she told one of the inmates how the King`s love for her is unwavering andShow MoreRelated King Solomon Essays1675 Words   |  7 PagesKing Solomon King Solomon ruled all of Israel in an outstanding way from 977 to 937 BCE (12). Despite his wealth and power, Solomon is known to history for his wisdom and as the builder of the Temple of Jerusalem. He has been credited with authoring all or parts of three books of the Bible (Proverbs, Ecclesiastes, and Song of Solomon). King Solomon was the ruler of ancient Israel who reigned from 961-922 BC (8). He is the son of David and Bathsheba. Solomon succeeded his father as king andRead MoreKing Solomon1742 Words   |  7 PagesKing Solomon ruled all of Israel in an outstanding way from 977 to 937 BCE (12). Despite his wealth and power, Solomon is known to history for his wisdom and as the builder of the Temple of Jerusalem. He has been credited with authoring all or parts of three books of the Bible (Proverbs, Ecclesiastes, and Song of Solomon). King Solomon was the ruler of ancient Israel who reigned from 961-922 BC (8). He is the son of David and Bathsheba. Solomon succeeded his father as king and his territoryRead MoreAnalysis Of The Poem The Solomon 925 Words   |  4 Pagesâ€Å"SOLOMON† Solomon wrote â€Å"I am black, but comely, O ye daughters of Jerusalem, as the tents of Kedar, as the curtains of Solomon. Look not upon me, because I am black, because the sun hath looked upon me: my mother’s children were angry with me; they made me the keeper of the vineyards, but mine own vineyard have I not kept. I have compared thee, O my love, to a company of horses in Pharaoh’s chariots† (Song of Solomon 1:5-6, 9). Solomon was the son of Bathsheba, who was the granddaughter of AhithophelRead MoreContemporary Perspectives On Human Sexuality Essay1338 Words   |  6 Pages anxiety, or pain† that is made for married couples. Genesis refers to the authenticity of having a partner (Rosenau, 2003, p. 4). God believed that man should not be left alone in Genesis 2:18-24. God intended to give man a partner, called woman. The kinship between husband and wife, as mentioned in Genesis, overrides the obligations and duty to one’s parents. Genesis 2:24 states that when a man leaves his parents to take his wife, they shall become one flesh; they are in a union with each otherRead MoreContemporary Perspectives On Human Sexuality Essay1334 Words   |  6 Pages anxiety, or pain† that is made for married couples. Genesis refers to the authenticity of having a partner (Rosenau, 2003, p. 4). God believed that man should not be left alone in Genesis 2:18-24. God intended to give man a partner, called woman. The kinship between husband and wife, as mentioned in Genesis, overrides the obligations and duty to one’s parents. Genesis 2:24 states that when a man leaves his parents to take his wife, they shall become one flesh; they are in a union with each otherRead MoreAnalysis Of Toni Morrison s Song Of Solomon1271 Words   |  6 Pages Emely Gonzalez Song of Solomon by Toni Morrison AP Literature - Period 3 Topic #3 Gonzalez- Page 1 3. Excluding Milkman, discuss the various attitudes on race from the perspectives of three other male characters in the novel. Americans have become accustomed to the repercussions of racism. It has diffused into areas that seemed unreachable; it has become institutionalized. Our predecessors lived the severity, and while we are residing in the realm of institutionalized racism, ourRead MoreSong Of Solomon By Toni Morrison1364 Words   |  6 PagesReyes Luna 1 Song of Solomon Toni Morrison L.A.P. Topic #2 Bairon Reyes Luna Mr. Amoroso Pd. 3 A.P. Literature 10/05/17 Reyes Luna 2 The freedom that awaits in the breezes of the air lures the appetent soul. It propels many to leap despite the uncertainty of having wings, hopeful that the gusts of wind would suffice and carry the weight of their lives. An infatuation with the wonders of flight as a form of escape, is frequently juxtaposed with the desire to fight, choosing confrontation by remainingRead MoreGrandson Of Moses And His Black Afri1720 Words   |  7 PagesManas-seh, whose mother Asenath was the Black African Egyptian wife of Joseph (see entry for â€Å"Asenath†), Shechem became the patriarch of the Shechemites (not to be confused with the Canaanites who inhabited the land of Shechem). (Nu 26:28, 30, 31; Jos 17:2) SHELEMIAH: As the son of Cushi (who was a Black Afri-can Cushite or Ethiopian), Shelemiah was inescapably of close African heritage. Such is also the case with his son Nethaniah, and his grandson Jehudi. (Jr 36:14) Apparently, like Cushi, ShelemiahRead MoreThe On The Song s Development Essay1217 Words   |  5 Pagespoetic and rhetorical aspects of the Song s rooted from the oral tradition. Greek manuscripts provide special formatting for the Song such that verse lines are â€Å"graphically displayed.† Masoretic codices provide extensive notes for accentuations and cantillation for the Song. Although, Masoretic manuscripts do not provide graphic layout of the verse line for the Song, Septuagint manuscripts such as the Vaticanus, Sinaiticus, Alexandrinus, among others arrange the Song per cola et commata, such that theRead MoreEssay On Song Of Solomon1213 Words   |  5 Pages Topic 1 SONG OF SOLOMON PERIOD 1 |Ap Literature Nancy Guevara â€Æ' Growing up is a journey, to be specific it s a journey in a maze. We go around in different directions in hopes to find out who we indeed are. Left to right in every direction we run into things that change our mindset and by the end of the maze, we are entirely different people. Most mazes have doors; open one door new beginning, shut another end of that chapter. Specific events in life alter our young minds, and we tend to grow

Slavery and Successful Slave Revolt Free Essays

Prompt: Analyze changes and continuities in long-distance migrations in the period from 1700 to 1900. Be sure to include specific examples from at least TWO different world regions. The first migrations to the Americans were by cattle. We will write a custom essay sample on Slavery and Successful Slave Revolt or any similar topic only for you Order Now The North had more slaves than the South. The South had a successful slave revolt. Trains in Russia caused the serfs to run faster. Teepees were mobile homes for Indians. Bantus migrated to California for the movie industry. Main technology that remained the same in migrations was shoes. Butterfly migration Chinese migrated to escape the weather. Migration is when a group of girls go to the bathroom together. There is no significant evidence and analysis of immigration to Antarctica. Think about it. Would you rather ride a camel or walk on hot sand? Land migration took longer because animals had to have restroom breaks. The Bantus always had nourishment and body parts to use for economic reasons. Stalin also put outrageous quotas on goods and if the quotas weren’t met, he cut off the limbs of your child. People came to America by cattle. Bantus migrated to Hawaii, where they brought new products. Adventures of penguins migrating from Antarctica. European pheasants migrated to America Ancient Egyptians migrated to South Africa every summer. When a Chinese person arrives in Egypt, the Chinese norms will be adopted by the Egyptians. When the invention of the train exploded, people were spread all over the world. The Vikings were Jewish. They became Christian when they invaded Europe. Australia was a pit stop for traders. If it wasn’t for the slave trade, President Obama wouldn’t exist and without expansion, Hawaii wouldn’t be a state, so Obama couldn’t be President. What’s so special about 1700 to 1900? Nothing. This should be enough. The Amish converted to Muslim and had to leave Amish territory. Jews would run from Germany to America. The Jews who came included Isaac Newton, who helped the U. S. invent the atomic bomb. Some things remain the same when it comes to migration. The Himalayas were located in India and still are. A problem with long-distance migration was in the space from Arica to America had water and other interruptions. Coastal regions were located near water. Sea migration was faster because you could just float. Bantus migrated to escape forced conversion to Islam and were introduced to Communism, bringing bananas. I hope you liked this break from the boring crap you usually read. Slaves were shipped to American through the Bermuda Triangle. The Bible migrated a lot. Peasants were treated like pets. The Mongols were like a hockey team, going from place to place to annihilate. Zombies will always migrate in search of brains. Trains were s low. Sometimes you could outrun them. Man y came to North America for job opportunities like trapping the French. The Bantus migrated to America in the 1800s. It took three years. There are no records of this. Birds migrate south for the winter and have been doing so for a long time. When slaves ran away, they often didn’t make it back to Africa. If people migrated through the Arctic, they would be cold. Romans migrated to Southern Connecticut but found life there to be difficult. People are bipolar so they move. Slaves caught the Underground Railroad. How to cite Slavery and Successful Slave Revolt, Papers

Healthcare Essay Example For Students

Healthcare Essay In todays fast-paced world where technology rules, the medical profession isalso advancing. In 1991, 2,900 liver transplants were performed in the UnitedStates while there were 30,000 canidates for the procedure in the United Statesalone (Heffron, T. G., 1993). Due to shortages of available organs fordonation/transplantation, specifically livers, once again science has come tothe rescue. Although the procedure is fairly new in the United States, theconcept of living organ donation is fast growing. Living related livertransplantion was first proposed as a theoretical entity in 1969 but it was notuntil almost twenty years later that the procedure became a clinical reality (Heffron,T. G., 1993). Living related liver transplants have mainly been performed in theUnited States and Japan until recently. In 1991 Europe began trying to institutethe procedure. The first transplant of this type took place in 1989 (Broelsch,C. E., Burdelski, M., Rogiers, X., Gundlach, M., Knoefel, W. T., Langwie ler, T.,Fischer, L., Latta, A., Hellwege, H., Schulte, F., Schmiegel, W., Sterneck, M.,Greten, H., Kuechler, T., Krupski, G., Loeliger, D., Kuehnl, P., Pothmann, W.,; Schulte Am Esch, J., 1994). This concept still has many areas that havenot yet been explored in depth and there are sensitive issues involved that needto be addressed. Live organ donation came about as a means to solve the problemof the absence of a donor. Many people die every year while waiting for a donororgan and many others suffer because of complications linked to finding asuitable donor. Before live organ donation most available organs wereharvested/transplanted from cadavers. This procedure has problems of its own. Complications include(a) suitable match, (b) legalities, (c) family not wantingto donate organs, and (d) time. With live organ donation a suitable match shouldbe easier to obtain and time should be able to be controlled to some extent. With live organ donor transplantation, the organ-damaging hemodynamicinstabiility associated with the death of the donor is avoided, and thecoordinated scheduling of operations in the donor and recipient holds ex vivoorgan ischemia to a minimum (Singer, P. A., Siegler, M., Whitington, P. F., Lantos, J. D., Emond, J. C., Thistlethwaite, J. R., ; Broelsch, C. E.,1989, p. 620). Prior to receiving a donor organ, recipients may be experiencinga variety of signs and symptoms related to their disease process. These caninclude(a) jaundice, (b) ascites, (c) GI bleed, (d) ECG changes, (e) malaise,(f) encephalopathy, (g) body image changes, and (h) fluid and electrolyteimbalances. Disease process is specific to the individual. Once the need fortransplant has been established the search for a donor can begin. There are amultitude of steps involved in the procedure. Some of these include(a)evaluation to determine the need for transplant, (b) search for a suitable donorwho is willing to donate, (c) evaluation of the donor, (d) obtaining the properconsent, and (e) mapping out the plan of care for both donor and recipient. Dueto legalities and ethical conflicts, the acceptance of live organ donortransplantation is questionable. Those families and volunteer participants mustmeet seve ral criteria in order to be considered for a live liver donor. Oncesomeone decides that they want to be a donor they must first under go a medicaland psychiatric evaluation. The medical portion of the evaluation includes(a)compatible blood type, (b) no history of liver disease, (c) normal results ofliver function tests, (d) appropriate size of left liver lobe on CT scan, (e) novascular anomalies on hepatic arteriography, and (f) low operative risk. Thepsychiatric portion of the evaluation must find that the donor is at low riskfor psychological decompensation and involves obtaining informed consent. Donors consent can be influenced by three areas, these include(a) internalpressure, (b) external pressure, and (c) urgency of medical situation. Allinstitutions have their own individual protocols for obtaining consent but manydo require a wait period between consent and procedure. This provides the donorwith time to change their decision, and after all these areas have beenaddressed the donor and recipient are prepared for surgery. The procedureinvolves donation of the left lateral lobe, which is the safest anatomicalresection (Jones, J., Payne, W. D., Matas, A. J., 1993). The surgeries areperformed simultaneously and may take several hours depending upon theexperience of the transplant team and the possibility of complications. Commoncomplications include(a) arterial thrombosis, (b) bile leaks, (c) infection, and(d) stricture at the biliary enteric anastomosis (Wise, B. V., 1994). During thepost-operative stage all normal nursing duties apply but there are also specificthings that nurses need to be aware of and look for. Because of the location ofthe liver some patients may experience some degree of pulmonary compromisepost-operatively. Liver function needs to be monitored by assessing lab results,liver enzymes, bilirubin, and bile production. All drains should be assessed forquantity and color. Fluid volume status and intake and output also need to becarefully monitored. PT/PTT coagulation factors are also a sensitive indicatorof graft function and can be expected to normalize in the first few days aftertransplant (Wise, B. V., 1994). The transplanted segment of the liver willregenerate to a standard liver volume, regardless of size at transplantation,within four to six months following the procedure. Normal liver enzymes havebeen documented within six weeks of the procedure (Wise, B. V., 1994). Organdonation alone is an area where the nurse plays an important role but with theadvances of living organ donation the role has expanded and many nurses are notpr epared to play the part. When comparing living donor organ transplantation tothe age old means of organ harvesting/transplantation from cadavers, thedifferences are many. Cadaver organs are usually shipped out , this meant thatthere was one nurse and support system with the grieving family while there wasanother nurse and support system with the recipient and family. The role is farfrom being black and white and now with living organ donors it weaves an evengreater web. Now the nurse is dealing with a patient who may be facing eminentdeath without a transplant, a concerned family who may be experiencinganticipatory grieving stages and a living organ donor who may or may not berelated who also faces possible complications and maybe even death. Then add inall the legalities and rules and you have one big mess. Support systems will bea key factor in this web. All those involved will be facing challenges andquestions unique to them. Nurses must remember that when caring for thepatients condition, they must not forget to also care for the patient andfamily. Isnt that what holistic nursing care is all about? We must care for thepatient as a whole and this would include the patients family. Nurses need toassess: (a) psychosocial needs, (b) functional outcomes, (c) quality of life,(d) daily living, (e) psychiatric outcome, and (f) financial needs. The nursemust use skills in crisis intervention to help ease the disequilibrium of thefamily. Nurses need to be sensitive to patient and family needs. Nurses musthelp the patients and their families to cope with(a) disease chronicity, (b)waiting period, (c) role reversal, (d) hospitalization, and (e) complicatedmedical regimen as well as take into consideration the demands on(a) time, (b)energy, (c) finances, and (d) relationships that the disease has placed onpatients and their families. The burdens and challenges that this crisis placeson patients and their families are many. These can also include(a) theuncertantity of re jection, (b) the uncertantity of future health and well-being,(c) social isolation, (d) financial burdens, (e) possible organ failure, (f)increased risk of two family members undergoing surgery, and (g) feelings ofguilt from non-donating persons or family members (Ganley, P. P., 1995). Astransplant moves into the critical care setting, nurses are going to have to beprepared for optimal management of donors, canidates, and recipients. They needto optimize patient outcomes through extended knowledge bases and educationabout:: (a) the procedure, (b) the human immune response, (c) the pharmacologyof immunosuppression, and (d) physiological and psychologic and behaviorresponses to transplantation (Smith, S. L., 1993). Nurses need to continue to bepatient advocates. We need to encourage communication, allow families toventilate anger, fear, and guilt and to educate patients and families about whatto expect. Nurses need to remember when designing care paths and nursingdiagnosis that it is important to include the necessary ones related to thepatients condition such as, potential for infection related to interrupted skinintegrity, which is the nursing diagnosis that the current nursing research isfocused on; but we also need to include nursing diagnoses that focus on thepatient and family as a whole. A key nursing diagnosis would be anxietysecondary to knowledge deficit about liver donation/transplantation. We need toeducate patients and their families and take the time to answer their questionsand listen to their fears and concerns. All too often nurses get caught up inthe machines that are taking care of the patients condition but we mustremember that there is no machine that can care for the patient and family, onlythe human response and caring of a nurse can preserve the person. History And Philosophy Of Vegetarianism EssayWise, B. V. . (1994). Advances in pediatric solid organ transplantation. NursingClinics of North America, 29 (4), 615-629.