FRS and ASPE Interpretation Paper Term Example | Topics and Well Written Essays - 1250 words

FRS and ASPE Interpretation - Term Paper Example 6 Difference and similarities of financial statements †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 Expectations for Canada and around the world Introduction Statistics Canada is reporting the Canadian financial system recorded its strongest performance in life span of eight months in November. It showed a growing 0.4% on a month over month basis. This gain has exceeded its market expectations since it is the result of a strong performance by the servi ce sector as we as gas and oil grilling. In a research done it shows that the increase in November yield divines well for a final fourth quarter gross domestic product (GDP) annualized expansion which was 2.3% that would match with the bank of Canada forecast. In this research it shows some decline in other sectors such as; construct ion and manufacturing. The Canadian dollar later gained its value after the statistics release while outputs on Canadian bond rose slightly. It is good number as well as it is going forward to December’s gross domestic product (GDP) which exited in 2010. Many economists believed that this renaissance in the service area may be short-term while customer demands appeared to be more stringent mortgage and cooling insurance rules which may reduce the housing market and measured growth in the construction and service area yield through 2011 (Donald E. K.,2002). A Convergence of Expectations Full convergence is estimated by 2011 but there are a number of serious activities that require to be completed prior to 2011 either to satisfy regulatory needs and financial reporting or to make sure that when first month of 2011 arrives, everything will be in a position to en sure a smooth transition. The main goal of this is to assist financial account preparers in determining what conversion activities are crucial now and which activities can wait until later. Through the implantations and careful planning of good thought out implantation plan, change to IFRS can be cost effective and smooth exercise. This will help Canadian publicly liable financial accounts preparers in scoping out the important activities of the change from Canadian GAAP to IFRS. Convergence of accounting standards toward a common set of top quality account ting principles is seen in the public best interest and later will provide a more common language for financial reporting g. By improving GAAP, it will help to achieve convergence. The fast conversion and increase o f complex standard might bring in challenges for some stakeholders such as financial account preparer community. Enough time to react to the change, new standard and intensive efforts to tell all stakeholders of the conversions; will require to be provided with global implementations (Donald E. K., 2002). IFRS This is an international financial reporti

Methods of Motivation Essay Example | Topics and Well Written Essays - 1250 words

Methods of Motivation - Essay Example There are two types of motivation intrinsic and extrinsic. Extrinsic motivation implies an instrumental relationship between behavioral results and desired outcomes. The person is not vitally interested in his/her very behavior, but in particular in the outcome that results from it. Whoever wants to get a compliment from a specific somebody, in return for which some work has to be done (like completing schoolwork at home), is not focused on those tasks, but on the recognition she or he expects to receive from performing well. Intrinsic motivation consists of the feelings attached to or resulting from performing specified activities. Thus, intrinsically motivated people would be satisfied, happy, enjoy themselves, favor the things they do, and so forth (Armstrong, 2003). Achievement motivation theory (McClelland) asserts that maximum motivation will occur at moderate levels of difficulty when the incentive value of success is highest. Two problems with that model are the failure to include an explicit goal-setting stage and/or the failure to measure commitment to succeeding. These factors are crucial to predicting the individual's response to subjective probability estimates. But the value for achievement, a conscious motive that is not correlated with n ach, has been found to be significantly related to goal choice (Fulton, Maddock, 1998). One of the earliest and the most popular theories of motivation was developed by Abraham H. Maslow. His "Hierarchy of needs' theory is based on five needs: (1) psychological (hunger, thirst), (2) safety (protection), (3) social (be accepted, belong to a certain group), (4) esteem (self-confidence, achievements, respect, status, recognition), and (5) self-actualization (realizing one's potential for continued self-development). Whereas needs and (subconscious) motives are crucial to a full understanding of human action, they are several steps removed from action itself (Robbins, 2002). Goal-setting theory is odds with expectancy theory, which was first introduced into industrial-organizational psychology by Vroom in 1964. This theory asserts that, other things being equal, expectancy of success (which is inversely related to goal difficulty) is positively related to performance. However, as shown later, goal-setting theory and expectancy theory can be fully reconciled. Goal-setting theory approaches the explanation of performance quite differently from that of motive or need theories such as those of McClelland and Maslow. It then worked backwards from there to determine what causes goals and what makes them effective. In contrast, need and motive theories started with more remote and general (often subconscious) regulators and tried to work forward to action, usually ignoring specific and conscious factors (Fulton, Maddock, 1998). Equity theory (John Stacey Adams, 1963-1965) asserts that pay will bring satisfaction to the degree that it is seen as fair or equitable. Equity judgments will be based on the judged ratio of the individual's outputs and inputs in comparison to the output/input ratio of people to whom the individual compares himself or herself. If pay is seen as inequitable, thus producing dissatisfaction, people will take steps to restore equity by modifying the quantity or quality of