Thursday, August 27, 2020

The Spanish Conquistadors

The Spanish Conquistadors From the snapshot of Christopher Columbus disclosure of grounds beforehand obscure to Europe in 1492, the New World caught the creative mind of European swashbucklers. A huge number of men went to the New World to look for fortune, greatness, and land. For two centuries, these men investigated the New World, overcoming any local individuals they ran over for the sake of the King of Spain (and the desire for gold). They came to be known as the conquistadors. Who were these men? Meaning of Conquistador The word conquistador originates from Spanish and means he who prevails. The conquistadors were those men who waged war to overcome, oppress, and convert local populaces in the New World. Who Were the Conquistadors? Conquistadors originated from all over Europe. Some were German, Greek, Flemish, etc, however the majority of them originated from Spain, especially southern and southwestern Spain. The conquistadors commonly originated from families running from the poor to the lower honorability. The extremely high-brought into the world once in a while expected to set off looking for experience. Conquistadors needed to have some cash to buy the instruments of their exchange, for example, weapons, defensive layer, and ponies. Huge numbers of them were veteran expert warriors who had battled for Spain in different wars, similar to the reconquest of the Moors (1482-1492) or the Italian Wars (1494-1559). Pedro de Alvarado was a commonplace model. He was from the territory of Extremadura in southwestern Spain and was the more youthful child of a minor honorable family. He was unable to anticipate any legacy, however his family had enough cash to buy great weapons and defensive layer for him. He went to the New World in 1510 explicitly to look for his fortune as a conquistador. Armed forces Albeit a large portion of the conquistadors were proficient troopers, they werent fundamentally efficient. They were not a standing armed force as in we consider it. In the New World, in any event, they were increasingly similar to soldiers of fortune. They were allowed to join any undertaking they needed to and could hypothetically leave whenever, in spite of the fact that they would in general oversee things. They were composed by units. Footmen, harquebusiers, mounted force, etc served under confided in skippers who were dependable to the campaign head. Conquistador Expeditions Undertakings, for example, Pizarros Inca battle or the incalculable scans for the city of El Dorado, were costly and secretly financed (despite the fact that the King despite everything expected his 20 percent cut of any resources found). Some of the time the conquistadors themselves contributed assets for an endeavor in the expectations that it would find extraordinary riches. Speculators were likewise included: well off men who might arrangement and prepare an endeavor expecting a portion of the crown jewels on the off chance that it found and plundered a rich local realm. There was some organization required, too. A gathering of conquistadors couldn't simply get their blades and head off into the wilderness. They needed to make sure about authentic composed and marked authorization from certain provincial authorities first. Weapons and Armor Protection and weapons were vitally significant for a conquistador. Footmen had substantial covering and blades made of fine Toledo steel in the event that they could bear the cost of them. Crossbowmen had their crossbows, precarious weapons which they needed to maintain in great working control. The most widely recognized gun at the time was the harquebus, a substantial, slow-to-stack rifle. Most undertakings had in any event a couple of harquebusiers along. In Mexico, most conquistadors in the long run relinquished their substantial covering for the lighter, cushioned security the Mexicans utilized. Horsemen utilized spears and blades. Bigger battles may have some artillerymen and guns along, just as fired and powder. Plunder and the Encomienda System A few conquistadors asserted that they were assaulting the New World locals to spread Christianity and spare the locals from punishment. A large number of the conquistadors were, in reality, strict men. Be that as it may, the conquistadors were unmistakably increasingly keen on gold and plunder. The Aztecs and Inca Empires were wealthy in gold, silver, valuable stones, and different things the Spanish discovered less important, as splendid garments made of flying creature quills. Conquistadors who partook in any effective crusade were given offers dependent on numerous elements. The ruler and the campaign chief (like Hernan Cortes) each got 20 percent of all plunder. From that point forward, it was split among the men. Officials and horsemen got a bigger cut than infantrymen, as did crossbowmen, harquebusiers, and artillerymen. After the King, officials, and different fighters had all gotten their cut, there was frequently very little left for the normal troopers. One prize which could be utilized to pay off conquistadors was the endowment of an encomienda. An encomienda was land given to a conquistador, ordinarily with locals previously living there. The word encomienda originates from a Spanish action word significance to depend. In principle, the conquistador or provincial authority accepting an encomienda had the obligation of giving security and strict guidance to the locals on his territory. Consequently, the locals would work in mines, produce food or exchange merchandise, etc. By and by, it was minimal more than servitude. Misuses The verifiable record has large amounts of instances of conquistadors killing and tormenting local populaces, and these abhorrences are dreadfully various to list here. Safeguard of the Indies Fray Bartolomã © de las Casas recorded a considerable lot of them in his Brief Account of the Devastation of the Indies. The local populaces of numerous Caribbean islands, for example, Cuba, Hispaniola, and Puerto Rico, were basically cleared out by a blend of conquistador misuses and European infections. During the triumph of Mexico, Cortes requested a slaughter of Cholulan aristocrats. Just months after the fact, Cortes lieutenant Pedro De Alvarado would do something very similar in Tenochtitlan. There are innumerable records of Spaniards tormenting and killing locals to get the area of the gold. One normal procedure was to consume the bottoms of someones feet to get them to talk. One model was Emperor Cuauhtã ©moc of the Mexica, whose feet were scorched by the Spanish to make him disclose to them where they could discover increasingly gold. Well known Conquistadors Well known conquistadors who have been recollected in history incorporate Francisco Pizarro, Juan Pizarro, Hernando Pizarro, Diego de Almagro, Diego Velazquez de Cuellar, Vasco Nunez de Balboa, Juan Ponce de Leon, Panfilo de Narvaez, Lope de Aguirre, and Francisco de Orellana. Inheritance At the hour of the victory, Spanish officers were among the best on the planet. Spanish veterans from many Europeans war zones ran to the New World, bringing their weapons, experience, and strategies with them. Their destructive blend of ravenousness, strict energy, mercilessness, and prevalent weaponry demonstrated a lot for local militaries to deal with, particularly when joined with deadly European infections, for example, smallpox, which wrecked local positions. Conquistadors left their imprints socially too. They obliterated sanctuaries, softened down brilliant centerpieces, and consumed local books and codices. Crushed locals were normally subjugated by means of the encomienda framework, which endured long enough to leave a social engraving on Mexico and Peru. The gold the conquistadors sent back to Spain started a Golden Age of magnificent extension, craftsmanship, engineering, and culture. Sources Diaz del Castillo, Bernal. The Conquest of New Spain. Penguin Classics, John M. Cohen (Translator), Paperback, Penguin Books, August 30, 1963. Hassig, Ross. Aztec Warfare: Imperial Expansion and Political Control. The Civilization of the American Indian Series, First Edition, University of Oklahoma Press, September 15, 1995. Las Casas, Bartolomã © de. The Devastation of the Indies: A Brief Account. Herma Briffault (Translator), Bill Donovan (Introduction), first Edition, Johns Hopkins University Press, February 1, 1992. Duty, Buddy. Conquistador: Hernan Cortes, King Montezuma, and the Last Stand of the Aztecs. Soft cover, 6/28/09 release, Bantam, July 28, 2009. Thomas, Hugh. Success: Cortes, Montezuma, and the Fall of Old Mexico. Soft cover, Reprint release, Simon Schuster, April 7, 1995.

Saturday, August 22, 2020

Research Analysis Assignment Example | Topics and Well Written Essays - 1250 words

Research Analysis - Assignment Example This paper inspects two wellbeing inquires about to bring up that investigates however, comparable in sort of industry being concentrated upon, doesn't generally imply that the examinations will use comparative research techniques and that proper strategies ought to be a gigantic thought to have the option to concentrate top to bottom the outer and inward validities of such investigations. Catchphrases: break down, philosophies, investigate structure, factors, mediations, time periods, justification, outside and inward legitimacy Research Analysis: A Closer Look at the Methodology of Two Different Health Research Studies Research considers were led to decide the circumstances and logical results relationship of every free factor to its comparing subordinate factors. The point of these examinations is to create ends on the significance of a specific variable to the examples and to give prove put together dynamic with respect to the current issue (â€Å"Study Design†, n.d.). To additionally break down the likenesses and contrasts of the approachs utilized in the two distinctive wellbeing research contemplates, this paper will take a gander at the exploration structures, factors, mediations, and time allotments and timing alongside its relating reasons in techniques area of each article as utilized by the writers. ... ata and clinical information of patients, SCHFI scale a 22-thing survey that estimates cardiovascular breakdown self-care and MLHF poll that is created to assess the personal satisfaction explicitly for cardiovascular breakdown patients. Alpha coefficients utilized for the examination are 0.76 for cardiovascular breakdown self-care and 0.94 for personal satisfaction. Information assortment was finished by requesting the endorsement of the doctor and the patients to keep away from future moral issues and the meeting procedure from there on. Information investigation utilized was clear insights utilizing SPSS base 16.0 programming and thinking about frequencies, means and unwavering quality gauges just as bivariate relationships as estimations. The motivation behind the examination is to decide whether there are any factually huge connections between cardiovascular breakdown, self-care shortfalls and personal satisfaction among as of late hospitalized cardiovascular breakdown patients. The above examination demonstrated that there was an unmistakable connection between the exploration reason which was to decide whether there were any factually critical connections between self-care and personal satisfaction among as of late hospitalized cardiovascular breakdown patients and the investigation configuration utilized which was non-exploratory with the end goal that the examination doesn't include a benchmark group however alludes just to the cross-segment test of the populace (â€Å"Evaluation Design†, n.d.). The connection can likewise be construed by the utilization of meeting procedure to get the information and by the technique for examination which was using engaging insights and the social measurements programming (SPSS). The mediation in the investigation was accommodated by the incorporation and rejection rule that was very much characterized in the philosophy area. The basis for the incorporation and prohibition standards to be very much characterize d in the examination is to give the impediment to

Friday, August 21, 2020

Rayong factory of the Simple Shoes Company Essay

Rayong industrial facility of the Simple Shoes Company - Essay Example A Distinguish between essential, perfect and achievable principles and clarify how these might be utilized in the Rayong processing plant of the Simple Shoes Company. Standard expense is the pre-decided working cost determined from Management’s norms of effective activity and the applicable important use. It is utilized as a reason for value obsession and cost control through change analysis.Basically, standard cost reflects;oQuantities of material and work expected to be used;oPrices expected to be paid for materials and work during the coming year, and,oFactory costs appropriate to creation dependent on productive execution and down to earth limit activity of the factory.Standard costs are utilized in the accompanying applications:o Planning and Control: Standards give a benchmark, which fills two needs †managing and coordinating the exercises of the firm (arranging) and dissecting whether the genuine exercises are legitimate way (control).oPricing Decisions: Standard e xpense encourages choices as likewise in choices including accommodation of citations, answering to tenders and so forth. Since cost is pre-decided dependent on satisfactory norms effectiveness, dynamic procedure is simplified.oVariance Analysis: Identification and estimation of differences from guidelines is conceivable with the utilization of standard expenses, so as to improve execution or to reexamine measures, whichever is appropriate. The board by Exception: By breaking down the changes, the leader can concentrate on huge deviations from measures and take restorative activities. Supervisors can focus on basic zones of action where changes are accounted for. In this manner, standard expenses encourage control by exemption (Accounting Tools 2008). Qualities of fundamental principles (AccountingCoach 2008) Particulars Characteristics Period These gauges mirror the costs that would have been brought about in a sure past period (for example the base time frame). Change These principles are utilized for things or costs which are probably going to stay consistent over an extensive stretch. Short run versus Since quite a while ago run Basic gauges are determined to a drawn out premise and are only here and there changed. Impact These expenses identify with a base year, which is picked for examination purposes, similar to value files and so forth. Fundamental guidelines don't speak to what ought to be achieved in the curre nt time frame. Appropriateness Suited distinctly to organizations having a little scope of items and long creation runs. Correlation of perfect guidelines and feasible measures (Accountingformanagemt.com 2009) Particulars Ideal Standards Attainable Standards Conditions These speak to the degree of execution achievable with the ‘best’ or ‘ideal set-up’, for example best quality materials at positive costs, profoundly talented work, best types of gear and format. These speak to the degree of execution achievable under typical working conditions, for example typical proficiency, ordinary deals/creation volume and so on. Productivity These guidelines center around greatest proficiency in usage of assets, for example greatest yield with least cost These guidelines center around the handy feasible productivity, in the wake of thinking about typical defects, for example advancement (not minimization) of cost per unit. Achievement These are commonly not feasible; c onsequently such principles may not be paid attention to. These are achievable with sensible exertion and henceforth establish a decent benchmark for control. Demeanor of fluctuations Variances from the goals would not show the degree to which they could have been sensibly and for all intents and purposes stayed away from. There is no consistent strategy for arranging these changes. Here, changes are deviations from ordinary desires. Subsequently they are arranged based on the approach of the organization in such manner. How these might be utilized in the Rayong manufacturing plant of the Simple Shoes Company As is evident from what has been talked about over an essential standard is all the more a recorded snippet of data absent a lot of down to earth importance for another set up. Along these lines, it is prudent that no exertion ought to be spent on setting up fundamental measures. Rather it would be significantly more viable if the

Tuesday, May 26, 2020

New And Alternative Sources Of Energy - 1311 Words

Today s society uses enormous amounts of energy. *The shadow of our presence on this planet is a result of generations upon generations of production and utilization of energy*. New and alternative sources of energy are being developed to replace the declining accessibility of coal and fossil fuels. Use of renewable energy is a key component in combatting the climate change that has become a major issue in the 21st century. Reducing our impact on the climate as a result of greenhouse gas emissions will not only benefit our generation, but countless generations after us. This technology is not only affordable, but is within reach. With the ever-increasing population of 255 global births per minute (How Many Babies...) the demand for energy grows substantially each day. There are many different sources of energy that are naturally available throughout the world in different forms. This energy can be categorized into two main sources: 1) renewable and 2) non-renewable sources. Energy sources are considered non-renewable if they cannot be replenished or made again in a short period of time. Non-renewable sources come out of the ground as liquids, gases and solids (Nonrenewable). Non-renewable sources are limited, not environmentally friendly when being extracted from the ground or when being used. They can also be a direct cause of inflation in the economy due to increases and decreases in production. Renewable sources are generated from natural resources thatShow MoreRelatedSci 207 Week 4 Lab 4 Energy Sources and Alternative Energy – New797 Words   |  4 PagesSCI 207 WEEK 4 LAB 4 ENERGY SOURCES AND ALTERNATIVE ENERGY – NEW To purchase this, Click here http://www.activitymode.com/product/sci-207-week-4-lab-4-energy-sources-and-alternative-energy-new/ Contact us at: SUPPORT@ACTIVITYMODE.COM SCI 207 WEEK 4 LAB 4 ENERGY SOURCES AND ALTERNATIVE ENERGY - NEW Lab 4 - Experiment 1: The Effects of Coal Mining Table 1: pH of Water Samples Water Sample Initial pH Final pH Pyrite 5 5 Activated Carbon 5 7 Water 5 5 Hypothesis: The beaker with onlyRead MoreAlternative Sources Of Alternative Energy Sources1123 Words   |  5 PagesRough Draft: Alternative Energy Sources Imagine a world where sea levels have risen, a world where extreme weather happens more often and with more intensity, and a world that has very few species of animals left due to mass extinctions. (Environmental Protection Agency) But that future is still avoidable. The answer is renewable energy sources. Alternative energy sources are sources of energy that does not use fossil fuels, and generally are clean and renewable. (Jessa) Some examples include solarRead MoreNew Energy for the Future1358 Words   |  6 PagesNew Energy for the Future For years man has relied on energy in order to be successful in life. The industrial revolution relied on coal for the new inventions brought into the world. Life as has never been the same since then. However since that time, there has been little done to improve on energy efficiency and humans still primarily rely on fossil fuels for energy. For over a hundred years the Earth has become more polluted and dirtier than ever before. Now, with new, innovative technology thereRead MoreEssay on Proposal to Save the Environment1423 Words   |  6 Pagesthe first main line production car, there has been a market for gasoline. Since then, the automobile has made a humongous impact on the United States, as well as the entire world. This new invention allowed the average citizen to commute to work without the hassle of mass transit and horses. However, with this new supply of automobiles came the demand for the fuel they required to run. It was not known back then that the consumption o f these fuels could actually hurt the environment, or even runRead MoreAnalysis on World Issues692 Words   |  3 PagesQuestion Analysis on World Issues Alternative fuel Alternative sources of energy are essential because the oil has approximately a hundred years of oil consumption before it becomes extinct and the oil has more effects in the pollution of the environment (Efstathios 6). Other energy sources are not used because they have not made their way to the mainstream. According to Efstathios (2012) that alternative energy sources should be implemented as soon, or people will live on a borrowed time, andRead MoreSources Of Alternative Energy Sources926 Words   |  4 PagesAlternate Energy Sources Alternative energy sources are becoming more and more popular. The most important alternative energy sources are solar, wind, geothermal, biomass, ocean, and hydropower energies. Their main advantage lies in the resumption of energy resources. This paper will give information about each of sources as well as their advantages and disadvantages. Solar energy The Sun is a leading environmentally clean energy source. The process of generating electricity from sunlight has beenRead MoreAlternative Energy And Renewable Energy1668 Words   |  7 PagesThroughout the 20th and 21st century, our knowledge about the environment and energy has steadily grown, as well as our dependence on them. Nowadays, power and electricity are in every facet of our daily lives. Due to this, we overlook several negative effects our traditional use of fossil fuels have caused. Fossil fuels are fuel deposits that were formed hundreds of millions of years ago, which is where the term fossil fuels come from. The two most common fossil fuels currently in use are coal andRead MoreAlternative Energy Resources and Human Dependence on Oil Essay1016 Words   |  5 PagesAlternative Energy Resources and Human Dependence on Oil Introduction The modern world is fuelled by oil (Youngquest, 1998). This reality has brought tremendous changes and developments that is continuously transforming the modern period, changing its lifestyles and economies in the last 200 years. However, these changes do not only paved for modernization and development, but it has also paved for the environmental crisis that the world is now facing (Bodley, 2008). Environmental crisis refersRead MoreAdvantages And Disadvantages Of Fossil Fuels1260 Words   |  6 PagesFossil fuels are hydrocarbons, primarily coal, fuel oil or natural gas, formed from the remains of dead plants and animals, and great sources of energy and great sources of pollution. Fossil fuels are used to power a lot of things, including vehicles, heat homes, industries, manufacturing, and for electricity. Primarily used fossil fuels are coal, natural gas, and oil, these fossil fuels are dangerous to the environment. When fossil fuels are burned, it emits harmful gases in the env ironment likeRead MoreEnergy Sources For Alternative Energy930 Words   |  4 Pagesto create diverse methods of generating powerful, dependable energy sources that do not have negative repercussions on our environment. Alternative energy refers to sources that do not create undesired consequences, such as fossil fuels do (Alternative Energy 2015). Not only are emissions from fossil fuels concerning, but also these resources are not going to be available for our use forever, making changes for alternative energy sources a pressing topic of discussion. British Petroleum and Royal

Friday, May 15, 2020

The Establishment Of Residential Schools - 1667 Words

The establishment of residential school remains to be one of the most culturally divisive moves of the 20th century. Analysts and experts concur that the schools have impacted generation after generations of the targeted communities. though perceived to be noble, the idea behind the establishment of residential schools has been viewed as one of the most direct ways of influencing the native communities to not only abandon their cultural beliefs but also embrace foreign ideology. Research has shown the spread of residential schools within the native communities has not only negatively impacted the communities’ cultural standing but has also lowered the threshold for human rights as more children are subjected to inhuman treatment by the system. There is a strong belief that the residential schools system was established by the sole aim of forcing learners to adopt a western style life characterized by western values and the western religion. This has been the bone of contention within cultural and social experts. Commonly referred to as the American Indian boarding schools, these schools came into existence in the late eighteenth century but later experienced increased presence in the Indian American community during the nineteenth century (Judy Bennett,1986). Indigenous peoples view the introduction of residential schools as one of the most painful chapters in the history of their culture. Several studies carried out a by anishanaabe affiliated outfits have indicated thatShow MoreRelatedThe Establishment Of Residential Schools1667 Words   |  7 PagesThe establishment of residential school remains to be one of the most culturally divisive moves of the 20th century. Analysts and experts concur that the schools have impacted generation after generations of the targeted communities. though perceived to be noble, the idea behind the establishment of residential schools has been viewed as one of the most direct ways of influencing the native communities to not only abandon their cultural belie fs but also embrace foreign ideology. Research has shownRead MoreExamples and Consequences of Residential Schools in Shingwauk’s Vision: A History of Native Residential Schools by J.R. Miller1435 Words   |  6 Pagesunderstanding of this history of residential schools in Canada is key to developing and understanding why Euro-Canadians thought it so dire to assimilate this race deemed as other. The text being analyzed is Shingwauk’s Vision: A History of Native Residential Schools by J.R. Miller. This topic is of the upmost importance because it goes into an aspect of Canadian history, which many are unwilling to accept. The aim of this text is to explain residential schools through the eyes of race and assimilationRead MoreChildren Of The Indian Residential Schools1681 Words   |  7 PagesMore than 150,000 First Nations children between the age of 4-16 attended the Indian Residential schools (Anishinabek Nation). These children were abused physically, sexually, em otionally and were banned from speaking their native language. Residential schools formed strained relationships in Canada today because they tried to put an end to the Indigenous culture, they made indigenous children feel ashamed of their culture and most Canadians have ended up with one-sided version of history. For aRead MoreOppression among First Nation People: Canada1731 Words   |  7 Pagesoverseas, unwelcome into First Nations territory with absolutely no respect for their traditions and ways of living. Over time children were taken away from their families and native homelands to attend residential schools; Native students were given new names and taught to speak English. Residential schools attempted to brainwash First Nations children to erase their native culture and traditions. First Nations peoples were defenseless under the power of the Europeans; their rights were ignored and theirRead MoreLook Back Into Residential Schools882 Words   |  4 Pages Look Back Residential schools were put in place by the Canadian government as a way to â€Å"refine† native communities into the broader culture and keep the native children from continuing their heritages’ traditions. In the short, yet powerful video clips shown in Practical Nursing Professional Growth class, our class was confronted with horrific stories told by residential school survivors of what they had encountered while attending. Raymond Mason, Alice Littledeer, and Madeline Dion Stout wereRead MoreHow did the residential school affect Canada’s First Nations people?1535 Words   |  7 Pagesthe residential school affect Canada’s First Nations people? In Canadian history, there are a lot of interesting events happened in the past. Some of them are events that are proudly presented such as Battle of Vimy Ridge, Canadian peace keeper and others. On the other hand, there are also a lot of tragedy events that happened in the past. Indian Act is one of an important act which occurred in 1876 and it led to establishment of  Indian residential school, and the Indian residential school is aRead MoreHow Residential Schools Impacted The Indigenous Community1378 Words   |  6 Pagescolonization on the Indigenous communities in school. There are many myths people may have concerning Indigenous life experiences, particularly schooling. To address these myths, I would begin by giving a brief history of residential schools. I would then analyze how residential schools have impacted the indigenous community and how they continue to affect them today. I would also mention the current issues children on reserves are facing today regarding schoo l. Lastly, I would mention some of the progressRead MoreDevelopment Of The Residential School System1740 Words   |  7 Pages: A quote from Aggie George recalling of her experience in the Lejac Indian Residential School (Legacy of Hope Foundation, 2001). In the 1880s all the way to the 1990’s roughly 150,000 aboriginal children where removed from their communities and homes to attend the residential school system set up by the government and operated by the Christian churches (Government of Canada, 2015). The purpose of these residential schools was to isolate Aboriginal children from their families and assimilate themRead MoreEssay On Canadas Healthcare System867 Words   |  4 Pagescoverage for all citizens. The general principles of Canada’s Medicare system was first introduced by the Saskatchewan Liberal Party in 1959. Today, Canada’s healthcare is viewed as a successful model, but there were many disputes in the process of establishment. Regardless of t he controversial beginning of the program the Saskatchewan model became the prototype for many provinces. By 1971, every province established a universal and comprehensive health care plan. Canada’s healthcare system has developedRead MoreThe Indian Residential School System1531 Words   |  7 PagesFirst Nation children were forced to attend Indian residential schools dating back to the 1870’s and spanned many decades with the final school closing in 1996. These educational institutions were government funded and church run by Roman Catholic, Presbyterian, United and Anglican denominations (Truth and Reconciliation Commission, n.d.). There were 139 schools where more than 150 000 First Nations children attended. The children of these schools were mentally, physically, emotionally and sexually

Wednesday, May 6, 2020

College Athletes Should Not Be Paid - 1601 Words

For decades college athletics have been a huge money making business and for decades the players at these universities have been the ones making the majority of it. The issue with this topic is that college athletes receive nothing more than a scholarship which is sometimes not enough. Many college athletes have spoken out about this issue and the NCAA has fired back in response. The NCAA argues that these athletes are not professionals and do not deserve payment. If college athletes were to receive payment they would no longer be amateur athletes. Some fans think it would ruin the integrity of college athletics because college athletes are supposed to be working towards making it to the professional level, if they were to receive payment for play it may tarnish some athletes work ethic. What is at stake in this piece is that college athletics make billions of dollars a year and the main attraction to the events that make the money are the athletes that play in the game and those ath letes do not receive any of the money made. The NCAA does not want to pay the athletes because you cannot just pay the top athletes you must pay all athletes. If the NCAA were to do this they would lose a lot of money from what they bring in now. One view point in this issue is the view point of the higher up people at universities and the NCAA. College athletics are fully commercialized and is also a huge money making business. The benefactors of this largely successful corporation are theShow MoreRelatedShould College Athletes Be Paid?1578 Words   |  7 PagesAshay Mehta Nou Per 8 Should College Athletes Be Paid? One of the hottest debates in the sports industry is if college athletes should be paid. If you want to pay these athletes, how would the college determine the dollar amount that should be paid? Should the basketball team make more than the football team? Should the the soccer team be paid as well? Cheerleading? Chess team? Should everyone on the team get a salary? What if your college is good at football and your basketball team is awfulRead MoreShould College Athletes Be Paid?1398 Words   |  6 Pagesbelieve that college athletes at the highest performing schools are better treated than others. Although they do not get paid, they do receive some benefits for being athletes that other students would not get. One advantage for playing a sport is access to scholarships that some schools reserve for their athletes. Depending on the school and the athlete’s performance, money towards tuition is often given. Only some schools are willing to grant â€Å"full-ride† scholar ships for certain athletes. AccordingRead MoreShould College Athletes Be Paid?1289 Words   |  6 PagesThroughout the years college sports have been about the love of the game, filled with adrenaline moments. However, the following question still remains: Should college athletes get paid to play sports in college? Seemingly, this debate has been endless, yet the questions have gone unanswered. The National Collegiate Athletics Association (NCAA) plays a vital role in this debate. The NCAA is a billion dollar industry, but yet sees that the athlete should get paid for their hard work and dedicationRead MoreShould College Athletes Be Paid?1334 Words   |  6 Pagesrising to the surface is â€Å"Should college athletes be paid?†. This has become a burning question. The NCAA is a multibillion-dollar industry, that makes millions, if not billions, in revenue. Yet it’s still maintains the non-profit status meaning that the industry is not set on making a profit and none of the revenue that is made is distributed to its members, managers, or officers. While most players who play in college sports are under a scholarship, that pays for the college tuition, books, and housingRead MoreShould College Athletes Be Paid?1364 Words   |  6 PagesHave you paid attention to all of the news that has been surfacing about collegiate sports lately? It is a big topic now days in the world of sports on weather college athletes should be getting paid to play sports. College athletics have gained great popularity of the past few decades, and have brought schools lots of revenue. A lot of college athletes think they should be getting paid for their services they do for their school. College sports like basketball and football generate over six billionRead MoreShould College Athletes Be Paid?1130 Words   |  5 PagesWhat college athlete would not want to be paid to play the sport that he or she loves? The real question is, though, should college athletes be paid fo r their roles in a college’s athletics? They are many points to each side of this recent controversial topic, which is why this has been made into such a hot debate in the past couple of years. As of right now, these athletes are not getting paid, but many of them truly believe that they should. Others believe that they already are being paid throughRead MoreShould College Athletes Be Paid?986 Words   |  4 PagesPaying the College Athlete The college athlete has steadily grown in popularity in the United States over the span of the past decades. Monetarily speaking, this increased publicity has been extremely beneficial for National Athletic Association (NCAA) and all the colleges involved in athletics which has sparked the dispute of whether or not the athlete should be paid for their hard work and dedication on the field and to their school or if the athletic scholarship is more than enough. College athletesRead MoreShould College Athletes Be Paid?1239 Words   |  5 PagesLindsey Simmerman Speech 102 T/Th 1:00-2:15 October 25, 2016 Should college athletes be paid to play? Specific Purpose: To persuade the class to agree with my stance on paying college athletes to play sports Thesis: College football is the hours players spend practicing and performing, the number of injuries the players face, and the persona these athletes must portray every day all the while watching their schools, coaches, and the National Collegiate Athletic Association (NCAA) get all the compensationRead MoreCollege Athletes Should Be Paid1254 Words   |  6 PagesSome college athletic departments are as wealthy as professional sports teams. The NCAA has an average annual revenue of $10.6 billion dollars. College athletes should be paid because of the amount of revenue that they bring to their college. Each individual college should pay its athletes based on how much revenue they bring to the college in which they attend. The colleges that win their Division title, their Conference title, or the National championship, give bonuses to the Head coach of thatRead MoreCollege Athletes Should Not Be Paid1558 Words   |  7 Pagesstudent-athletes participate in a variety of different s ports, and currently they do not receive paychecks for their performances. College athletics have attained an extensive popularity increase among Americans over the past few decades. This has resulted into increased revenues for the National Collegiate Athletic Association [NCAA] and the participating colleges, which has fuelled the debate of whether or not college athletes should collect an income. College athletes should not be paid to play

Tuesday, May 5, 2020

Financial Assets and Financial Liabilities †Free Samples to Samples

Question: Discuss about the Financial Assets and Financial Liabilities. Answer: Introduction The financial crisis that occurred in the period of 2007-2008 was attributed mainly to occur due to mark-to-market accounting that caused the melt down of the U.S. financial system. The accounting professionals has emphasized on the weakness existing in the current accounting standards that results in the occurrence of global financial crisis during the year 2008 (ACCA, 2011). In this context, the present essay emphasizes on the controversy and complexity surrounding the accounting for financial instruments at the time of 2008 financial crisis. The global financial crisis has caused the debate among the accounting professionals regarding the reasons responsible for its occurrence. It has been argued by the financial analysts that current deficiencies in the accounting standards and their application have contributed to the collapse of the financial system. The main weaknesses as pointed out by the financial analysts in the accounting standards are use of fair value mark-to-market accounting approach in illiquid markets, the delayed loss recognition arising from financial instruments such as loans and the complexities in the structuring of the balance sheet (Zadeh, Barth and Landsman, 2013). The major point of criticism in the current financial reporting standards was use of fair value accounting that as per the views of many financial experts contributed to financial breakdown. The use of fair value accounting has caused the pro-cyclical of financial instruments by recognizing excessive losses that resulted in large sale of assets and debt repayments (Pozen, 2009). The pro-cyclicality of the accounting leverage refers to the decrease in the debt amount during economic downturn and increase during upturn. Thus, it has been argued that fair value accounting model has lead to the reporting of excessive profit and losses leading to the development of a vicious cycle. The decline in asset price has caused their write-downs leading to their forced sales for meeting the capital requirements and thus increasing the price of assets. On the other hand, some financial experts have a different view in relation to the use of fair value accounting. The fair value accounting approach provides early signs of inflated asset values and thus it can help in overcoming the occurrence of a corporate scandal. Thus, there are differing views in relation to the contribution of fair value accounting practices to the global financial crisis (Zadeh, Barth and Landsman, 2013). The accounting standards are not responsible for the wring accounting of financial instruments during the crisis as pointed out by various financial experts. It can be realized from the fact that banks adopt the use of historic cost approach for asset valuation. However, the value of these assets was also overstated despite of the fact that these assets are not marked to market and are not subjected to liquidity in market. Also, the provision for recognition for losses was too complex during the crisis that has caused the delay in identifying the losses on loan portfolios. Also, the complexity involved in implementing the off-balance sheet standards has also caused the understatement of losses in the financial system during the crisis. Thus, it can be said that accounting standards are not responsible for introducing pro-cyclicality in the financial system (Jarolim and Oppinger, 2012). On the basis of above discussion, it can be said that only improving the current accounting standards cannot restrict the occurrence of financial crisis as there are other economic and governance issues that are responsible for financial collapse. The development of accounting standards for improving the transparency and reliability of financial information is essential for minimizing the chances of financial crisis occurrence in future context. In this context, it is also essential that adequate risk management and corporate governance systems need to be developed for safeguarding against the financial crisis. The major factors responsible for the economic downturn during the global financial crisis were asymmetry in accounting for stating gains and losses, use of fair value accounting and pro-cyclicality. However, there has still no relation determined between the fair value accounting and pro-cyclical accounting leverage. Thus, there is no single factor but a combination of variou s factors that led to the collapse of global financial system in the year 2008 (ACCA, 2011). The accounting of financial instruments is a topic of debate among the accounting professionals ever since the global financial crisis. There is also debate around the rules-based or principles-based accounting standards to be implemented for the development of financial reports. The IASB (International Accounting Standards Board) and Financial Accounting Standards Board (FASB) are largely emphasizing on reviewing and resolving the accounting issues that have developed from the crisis. This involves developing new and revised accounting standards in order to replace the complex accounting standards that exist for stating the gains and losses. This is essential for safeguarding the interest of the users of financial statements so that they can develop a better understanding of accounting for financial instruments for their decision-making. The main objective of the IASB and FASB in the development of new accounting standards is to improve the relevance and decision-usefulness of the f inancial information and reduce the complexity that exists for reporting the financial instruments. In this context, the IASB is currently placing focus on replacing IAS 39 with the IFRS 9 that highlights the measurement of financial assets through the adoption of two measurement categories. The major financial instruments recorded during the financial reporting are assets, debt instruments, derivatives and equity. All the financial instruments will be initially recognized at fair value and then at amortized cost after the initial recognition. This will help in improving the accounting practices adopted by businesses for managing the financial assets. The accounting for financial instruments is an area of conflict for both IASB and FASB board and both want to achieve same policies reading their recognition and measurement. The reconciliation of the accounting standards is possible through modifying and replacing the IFRS 9 standards (Huian, 2012). The development of new accounting standard aims at reducing the complexity that involves in measurement of financial instruments. It also aims at aligning the management strategies developing for monitoring and controlling the financial assets. The IFRS 9 standard also aims at issues arising from financial crisis such as credit gains and fair value accounting. The simplifies accounting rules as per the IFRS 9 standard also helps in preventing the manipulation of financial data that can cause the occurrence of corporate scandals at later stage. Also, it is highlighted from the global financial crisis of 2008 that business entities need to implement and adopt proper risk management system for overcoming the instability in the market. The financial institutions faced challenging competitive market conditions at the time of financial crisis due to market fluctuations and regulatory environment (Kirkpatrick, 2009). Also, the corporate governance system of business entities needs to be rig id so that management follows standard policies and procures for valuing its assets and liabilities. Therefore, the development of new approaches regarding the valuation of assets and liabilities need to be developed for preventing the financial crisis occurrence (ACCA, 2011). Conclusion It can be summarized from the overall discussion held in the essay that accounting of financial instruments is a major topic of debate in the accounting field. The overstatement of assets and liabilities during the financial crisis of 2008 has lead to the collapse of large financial institutions. However, the accounting professions need to develop new approaches for valuing the financial instruments and should not only emphasize on improving the accounting standards. References ACCA. 2011. The future of financial reporting 2011: global crisis and accounting at a crossroad. Retrieved 28 August, 2017 from https://www.accaglobal.com/content/dam/acca/global/PDF-technical/financial-reporting/tech-tp-farsig11.pdf Huian, M.C. 2012. Accounting For Financial Assets and Financial Liabilities According To IFRS 9. Economic Sciences 59 (1), pp.27-47. Jarolim, N. and Oppinger, C. 2012. Fair value accounting in times of financial Crisis. ACRN Journal of Finance and Risk Perspectives 1(1), pp. 67-90. Kirkpatrick, G. 2009. The Corporate Governance Lessons from the Financial Crisis. Financial Market Trends 1, pp. 1-30. Pozen, R. 2009. It Fair to Blame Fair Value Accounting for the Financial Crisis? Retrieved 28 August, 2017 from https://hbr.org/2009/11/is-it-fair-to-blame-fair-value-accounting-for-the-financial-crisis Zadeh, A., Barth, M. and Landsman, W. 2013. Does Fair Value Accounting Contribute to Procyclical Leverage? Retrieved 28 August, 2017 from https://corpgov.law.harvard.edu/2013/11/13/does-fair-value-accounting-contribute-to-procyclical-leverage/