Sunday, May 24, 2020

Essay about Race Assignment - 787 Words

Chris Lankford History Report on Race 24 March 2012 For purposes of this paper, I am choosing African American, and also choosing to write this paper from the view point of someone that is this group and is writing a letter to someone outside of the group. Dear Preston, I’m writing you to inform you of the history of my racial group and also to inform you of some of the steps and process’s that our government has implemented to help out this racial group. I hope that this letter reaches you well and that at the end, you have a better understanding and appreciation for struggle and achievements that the African Americans have overcome throughout the years. Here is a list of questions that I will be covering: * What have†¦show more content†¦Many slaves escaped from the south and immigrated up north for more freedom and rights. There were even laws put in place that punished people that housed escaped slaves. Cultural Issues to me fall under how the whites treated the African Americans. The separate but equal theory lasted until 1954. During this time we suffered discrimination that included not being able to vote. We couldn’t ride in the front of a bus. We had to give our seats up to white people and wasn’t allowed to use the same water fountains. We were forced to use separate bathroom facilities, separate shower facilities, and also teaching facilities. Hate groups were created that brought hate and physical pain to African Americans like the Klu Klux Klan that came along in 1866 from Tennessee. These groups murdered, beat, rape, hung, and tortured black Americans deep into the late 1900’s. Many people like Harriet Truman, Martin Luther King Jr., and Rosa Parks were key members of our group that helped pave the way for the success of African Americans. They were all very big rights activist that stood up for what they believed in and fought against the white man. African Americans began creating our own groups to stand up for our right like Congress of Racial Equity (CORE) who primarily fought to end the segregation of travel in the south. Probably the biggest group is the NAACP, The National Association for the Advancement of Colored People, came in the late 1800’s and still continues to fightShow MoreRelatedWriting Assignment : Race And Sports1505 Words   |  7 PagesExam # 3: ESS 330 Writing assignment: Race and Sports Race is defined as a category of people regarded as socially distinct because they share genetically transmitted traits believed to be important by people in a society with power and influence (PPT slide ESS330). In sports, race has and continues to be snared with question, but as former Israeli Olympic athlete Gideon Ariel underscores: â€Å"I know that the American system is very sensitive to statementsRead MoreBlack Board Discussion Assignments : Pbs Site And Race Quiz Essay1605 Words   |  7 PagesBlack Board Discussion Assignments PBS Site and Race Quiz: I got a 7/10! I did much better than what I expected. I was recalling a lot of this information from my FYS class when we talked about Race, Diversity, and Human Development. The tenth question was really shocking though! It says, â€Å"If a catastrophe event wiped everyone out except people in Asia, how much of the total genetic variation in our species would be left?† I guessed 74%, but it was 94% and that was totally shocking. I did not thinkRead MoreSocial Issues Class And Gender1307 Words   |  6 Pagesaspects of race, class and gender. We have had many opportunities to discuss and share our opinions on different topics and problems we face today. During this course, my outlook on life and other people has changed significantly. The use of projects and papers has further enlightened me to understand the perspective of others. The readings that we have been given each week have proven themselves very beneficial and have assisted greatly in furthering my awareness toward s different races, classes andRead MoreUsing Gmail With Screen Readers1685 Words   |  7 PagesForward 2.87 GB (19%) of 15 GB used Manage  ©2014 Google - Terms Privacy Racism Hypo Parents Opposed to Income- based Assignments v. The Centerville School Board. I. Introduction The issue of educational policy reform has been a lengthy debate for years amongst various social justice groups, educators, community members and school board officials. Varying State Laws on school assignment and socioeconomic placement of students in public schooling has been a complex issue for the district school boardsRead MoreMulticulturalism And Polyculturalism From The Novel I Hotel Essay1387 Words   |  6 Pagesidentification as a tool for dividing people. In particular, Yamashita represents this period of civil rights movements as linked to the critiques of capitalism and solidarity along class lines, instead of focusing only on the cultural heritage of race and ethnicity. Now let start defining what is multiculturalism and polyculturalism. Well multiculturalism is the co-existence of diverse cultures, where culture includes racial, religious, or cultural groups an d is manifested in customary behaviorsRead MoreMulticulturalism And Polyculturalism From The Novel I Hotel Essay1374 Words   |  6 PagesFor this assignment according to professor Noh I suppose to examine examples of multiculturalism and polyculturalism from the novel â€Å"I Hotel† by Karen Tei Yamashita. For the examples I present in this essay I am going to explain why and how these are examples of multiculturalism or polyculturalism. Also, I am going to explain how the novel presents a new form of identification and how the examples of polyculturalism are related to such a new form of identification. Let start with a little of backgroundRead MoreAssignment 2 : A Multicultural Society807 Words   |  4 PagesAssignment 2: The Application Paper Keitha Williams October 18, 2017 Argosy University Assignment 2: The Application Paper A multicultural society is where a diverse group of races, cultures, and different ethical background coexist together in a country, state, city, community or neighborhoods. Basically, a ground of people from different backgrounds living together in the same community. Multiculturalism is when these diverse groups have the same rights and treatment in societyRead MoreMy First Ever Mile Race1369 Words   |  6 Pagesfrom the starting line. We are beginning a four lap race of hell, the mile. Throughout the course of my high school career, this exciting scene became very familiar to me. I always look forward to track season, and running the mile is by far my favorite event. To me, there is something about the event that makes it magical. While running the mile, to achieve my goals, I always focused on a strategy my coach told me before my first ever mile race. He called the strategy the four P’s of the mile. ToRead MoreThe Closet Of The Soul By Langston Hughes908 Words   |  4 Pagespossess would not affect their status, rights, or opportunities. The following will give reason for the connection between Hughes’ poem and Walker’s essay. Langston Hughes’ poem Theme for English B is the speakers attempt at an assignment given by his instructor. The assignment is to â€Å"Go home and write/ a page tonight. / And let that page come out of you-/ Then, it will be true† (Hughes 289, 2-5). Throughout the poem the speaker is contemplating whether truth is distorted by racism. When reading HughesRead MoreAnalysis Of The Two Poems By Langston Hughes1294 Words   |  6 Pageshas a white majority. Race is questioned when the speaker asks himself â€Å"I wonder if that is simple?† (â€Å"Theme† 6). He worries if his paper will be graded differently; solely due to the colour of his skin (stereotypical norms) and if will it reflect on where he has come from by the instructor. The speaker shows doubt while focusing on a simple assignment, and he carries a sense of struggle due to his colour from the world he lives in. He challenges the truth and how the assignment will not apply to him

Thursday, May 14, 2020

The Constitutional Convention Of Philadelphia Essay

55 delegates of twelve states wrote the Constitution at the Constitutional Convention in Philadelphia during the summer of 1787 and in 1788 the states ratified it. That gathering at Philadelphia’s Independence Hall brought nearly all of the nation’s most prominent men together, including Alexander Hamilton, Benjamin Franklin, James Madison and George Washington. Several of the men appointed had records of service in the army and in the courts and others were experienced in colonial and state government. When Thomas Jefferson found out who had been appointed he wrote â€Å"It is really an assembly of demigods† to John Adams. That summer in Philadelphia, the men, drew out a document defining the distinct powers for the the president, the federal courts and the Congress. This division of authority that was established is known as the principle of separation of powers, and it ensures that none of the branches of government can overstep their boundaries. One of the most important principles incorporated in the U.S. Constitution is separation of powers. The U.S. Constitution divided the central government into three branches and created a system of checks and balances as a way to prevent the concentration of power. â€Å"The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the very definition of tyranny.† In order to be sure that the mainShow MoreRelatedThe Constitutional Convention Of Philadelphia Signed The United States Constitution1107 Words   |  5 PagesDelegates to the Constitutional Convention in Philadelphia signed the United States Constitution on September 17, 1787. Designed to replace the weak Articles of Confederation previously in place, the Constitution delineates and outlines the powers of the different branches of government. The Constitution also includes the Bil l of Rights that states the rights of the citizens. As of this year, the Constitution is two hundred and twenty-nine years old. The Constitution continues to have an impact onRead MoreDecision Of Philadelphia The Constitutional Convention Of 1787 By Christopher Collier And James Collier1318 Words   |  6 PagesIn the book â€Å"Decision in Philadelphia the Constitutional Convention of 1787† by Christopher Collier and James Collier present an exclusive glance at the creating of the Constitution and the events that made the Constitution the way people know it today. Christopher and James Collier begin with historical events that led up to Constitutional creation and a brief summation of the events that were taking place in the country during that time frame. The background that they give provides a good baseRead MoreUnited States Constitution1516 Words   |  7 Pages† Why did Americans select the constitutional order they did in 1787-1789, and why did they reject a mo re democratic and confederal form not more than a decade old? â€Å"Having initially hesitated in attending the Convention, once decided, Washington pushed the delegates to adopt ‘no temporizing expedient’ but instead to ‘probe the defects [of the Articles] to the bottom, and provide radical cures,’ from Matthew Spalding, Ph.D. At the beginning of the Philadelphia debates in 1787, Edmond RandolphRead MoreThe Constitutional Convention Essay1198 Words   |  5 Pagesdecided that a convention should be convened to revise the Article of Confederation (Constitutional Rights Foundation, 2009). Congress felt the Article of Confederation was not enough to effectively deal with the young nations issues. Congress knew it was time for the country to move forward, and to do that, there would be some big changes ahead, and that was the end of the Articles of Confederation, and the beginning of the created US Constitution. Reasons for the Constitutional Convention After theRead MoreThe Constitutional Convention And Ratification Debate1586 Words   |  7 Pagesratification of the Constitution a decade later. The 1787 constitutional convention and ratification debate was pivotal in the making of the US Constitution. The dynamics, antagonism, considerations, process and the eventual consensus regarding the Constitution can be explained by discrete theories in political discourses. However, there are theories that fit best within this historical context and help better explain the process of constitutional convention and ratification. This paper will talk about pluralistRead MoreThe Articles Of Confederation Needed930 Words   |  4 PagesConfederation. In February 1787, America finally persuaded the Continental Congress to convene at the Constitutional Convention in Philadelphia, Pennsylvania from May 15, 1776 to September 17, 1787, which would eventually lead to the various debates concerning the problems that faced the weak central government under the Articles of Confederation. During the events that occurred at the Constitutional Convention, various plans were introduced. These plans included James Madison and Edmund Randolph’s VirginiaRead MoreEssay about The Clashing Interests of The Founding Fathers544 Words   |  3 Pagesopposing forces fought for their beliefs and interests with rigor and determination which prevented the Constitutional Convention from proceeding in a straight line, neatly disposing of one issue after the next until all were dealt with (Collier 120) as noted by Christopher and James Collier, Decision in Philadelphia: The Constitutional Convention of 1787. In conclusion, the Constitutional Convention and the ratification process were flooded with myriad of conflicts of interests between the delegatesRead More The Creation of the American Democracy Essay872 Words   |  4 PagesDemocracy When the Framers of the Constitution met in Philadelphia, they came together with one common purpose in mind. They needed to form a fair and solid system of government that would stand the test of time; one that was both fair for the people and would not involve a monarchy. Each of these men had their own ideas on what would constitute this system, however, so many compromises had to be made. Together, the men gathered in Philadelphia created a federal system of government and drafted aRead MoreA Delegate Of The Constitutional Convention1257 Words   |  6 PagesA delegate of the constitutional convention in Philadelphia made this statement about James Wilson Government seems to have been his peculiar study, all the political institutions of the world he knows in detail, and can trace the causes and effects of every revolution from the earliest stages of the Grecian commonwealth down to the present time. This statement describes James Wilson to a tee, he not only had how the gove rnment worked memorized but he also could take that knowledge and infuse itRead More George Mason Essay1019 Words   |  5 PagesLexington), in citizens rights, and a non-tyrannical central government (Miers 41). He was known as a great debater, the best that James Madison had ever seen. Mason spoke up many times during the constitutional convention, about different subjects he strongly believed in. During the convention, Mason was directly and strongly involved with the topics of the electoral college, slavery, the Bill of Rights, and a strong central government (Solberg 280). He was a bestfriend to George Washington

Wednesday, May 6, 2020

The Effects Of Social Media On Young Girls And Women Alike

Social media plays an immense role in the way that stereotypes about attractiveness is conveyed in regards to body image. As Gerbner and Gross wrote in 1976, the cultivation theory states that high frequency viewers of television are more susceptible to media messages and the belief that they are real and valid. The subjection to social media can cause an idealistic view amongst young girls and women alike. Among the mechanisms of human agency none is more central or pervasive than beliefs of personal efï ¬ cacy (Bandura, 1997). This belief that these body types are achievable can lead to females being dissatisfied within their own skin. The result of the discontent can potentially lead to eating disorders. Body dissatisfaction occurs when views of the body are negative and involves a perceived discrepancy between a person s assessment of their actual and ideal body (Cash and Szymanski, 1995 and Grogan, 2008). It is estimated that approximately 50% of adolescent girls report being unhappy with their bodies (Bearman, Presnell, Martinez, 2006). Surveys have revealed that the exposure to social media can cause body dissatisfaction, eating disorder symptoms’ and the concept that thin is â€Å"beautiful† amongst young girls and women (Botta 1999; Harrison and Hefner 2006; and Stice et al. 1994). With media influence, the question is the strength of the effect, studies indicate the effects are small in scale; they are likely to operate in accordance with particular differences inShow MoreRelatedMoral Standards And Stricter Photo Shopping Rules1310 Words   |  6 Pagesstudy informs that â€Å"40% of all 9 and 10-year-old girls have already been on a diet† (Weight Modification Efforts). This statistic is heartbreaking. It shows just how far down a path of perversion our society has come. As a culture, we have put emphasis on this â€Å"ideal beauty† and that is practically all the media portrays. The media is now a major part of society and the lives of our children, and has an increasingly alarming influence; young girls seeming to be the most impressionable and willingRead MoreAnalysis Of The Best Selling Book, Asking For It, By Louise O Neill 1291704 Words   |  7 Pagesproven guilty. But not me. I am a liar until I am proven honest† (O’Neill 129). In the best selling book, Asking For It, author Louise O’Neill writes about a girl who has been viciously sexually assaulted without her knowledge and the ramifications that the abuse has on her reputation. The book paints a picture of the terrible accusations that women so commonly get when they have been sexually abused. According to a study done by government officials in the U.K.: â€Å"Focus on Violent Crime and Sexual Offenses:Read MoreMedia s Influence On The Media1169 Words   |  5 PagesProblem The â€Å"Media† or medium is defined and described by encompassing television, music, radio, Internet and the newspaper to effectively communicate to populations worldwide. With all these mediums to ensure communication and information to communities globally, it has become a great staple in how many conduct their lives and communicate to others. While many would suggest that we are to not believe everything we read or see, could that mean that it has the ability to have a negative effect on someRead MoreMedia s Representation Of Body Image1532 Words   |  7 Pagesof the media on all aspect of society has spread like wildfire especially in the United States. One specific influence by the media is body image, large number of young women and girls look up to people in the media and are influenced by the way they look. Now days you’re appraised on your attractiveness, the way you look, the way you dress, and especially how thin you are. The media’s representation of body image has contributed to the social trend of an unhealthy lifestyle. Women and young girlsRead MoreThe Field Of Sociology Is An Old But Ever Changing Systematic Study Of Human Behavior1579 Words   |  7 Pageschanging systematic study of human behaviour in a social context. Within the field of sociology, in order to create a contextual understanding of the influences that create society in which we live theories are employed to explain the forces that shape our social world. Such theories are essential in explaining emerging social phenomena such as pornification (Furze et al, 2015). Pornification of the social world has become a significant mass media issue of which continues to grow. It is not onlyRead MoreMedia And Ethnic Identity Influencing Self Image1233 Words   |  5 PagesMass media plays a very huge role in the way in which young black women and adolescents see themselves. The articles within this paper gives into not only how Black women under the age of 40 a re affected by mass media, stereotypes perpetrated on how others see and treat young black women, and also how black women look at themselves. This research paper examines the ethnic media and the ethnic identity determining self-image than mainstream media does for young black women. Its seeks ways in whichRead MoreWomen s Influence On Women And Their Credibility1510 Words   |  7 PagesAdvertisements in today’s beauty and style magazines typically portray women in a negative manner. It has become rare to open a women’s magazine and see a women featured in an empowering advertisement or one that might boost women’s self-esteem. Instead, we see women portrayed as sexual objects, or the supermom if you will, generally put beneath men. For example, during the mad-man era many advertisements were released portraying women as nothing but good for cooking,cleaning, or ironing clothes. AdvertisementsRead MoreWomen s Influence On Women And Their Credibility1537 Word s   |  7 PagesAdvertisements in today’s beauty and style magazines typically portray women in a negative manner. It has become rare to open a women’s magazine and see a women featured in an empowering advertisement or one that might boost women’s self-esteem. Instead, we see women portrayed as sexual objects, or the supermom if you will, generally put beneath men. For example, during the mad-man era many advertisements were released portraying women as nothing but good for cooking,cleaning, or ironing clothes. AdvertisementsRead MoreThe Effects of Media on Womens Self Esteem Essay1198 Words   |  5 Pagesthat she needed to lose weight â€Å"or I won’t work.† She was referring to the nearly fifty pounds she gained during her pregnancy, but fans were still upset over the famously curvy actress’s confession. Then, in 2003, Winslet shocked fans and critics alike when she expressed her distaste for GQ Magazine’s digitally slimmed pictures of her (Tauber, 2001). The most recent criticism of Winslet was in 2008. She appeared in Vanity Fair Magazine looking slightly thinner than normal, and many people wereRead MoreBeauty Vs Brains : Women s Suffrage1233 Words   |  5 Pagestremendous changes toward gender equality. In that time, this country has gone from fighting for women’s right to vote to having a female candidate being a frontrunner in the race for the White House. Although women have made great strides in trying to attain equal and fair treatment, women are sadly still valued more for their appearance rather than their intellect in comparison to their male counterparts. This starts off at infancy through the toys we are given as we grow up. Boys are given toys

Tuesday, May 5, 2020

Accounting Standards And Theory Woolworth Limited Click Now To Get So

Question: Discuss about theAccounting Standards and Theoryfor Woolworth Limited. Answer: Description of the Current Lease Arrangements of Woolworth Limited The company has decided to segregate the leases based on operational lease and financial lease. The company has classified the financial leases where the different types of lease transfers involves the transfer of majority of the risk and rewards the ownership to the lessee. As per the AASB 117 guidelines" Woolworth Limited may or may not include the gross investment, which is the aggregate of the minimum amount of lease payment disabled by the lessor as per the financial lease contract and any sort of un-guaranteed residual value accrued by the lessor (Wynder, Baxter, and Laing 2012). As per the annual report analysis in the year 2016, the operating lease payments are considered as any other type of risk than the aforementioned criteria. The operating risk is recognized as per the straight-line basis over the lease term. The company further considers the increase in the fixed-rate to the lease rental payments and excluding the index based rental increases or the contingent rental increases. The company as per straight-line basis recognizes all these items over the lease term. The company further decides to categorize any liability or asset as a result of the difference between the amount paid and the lease expense brought based on the straight-line method. It further declares that the various types of operating lease incentives are initially recognized as a part of the liability and later on recognized under the lease expense, which is again calculated as per the straight-line basis over the lease term (Gaap.com.au. 2016). Recognition and Measurement of the Leases The recognition and measurement of the leases of the company is done as per the AASB 117 compliance. As per this guideline, the company will consider the commencement of lease term from the date when the lessee will be entitled to exercise the permission to utilize the least asset. Hence, it is considered as the initial recognition date of the leases. The subsequent measurement of the leases will be done based on apportionment of the reduction in the outstanding liability and financial charges. As per the AASB 117 guideline, the financial charge will be allocated during each financial period and considered the constant periodic rate on the unutilized balance of the liability. As per the paragraph, 25 of AASB 117 it has been stated charging of the contingent rents will be done as and when they are incurred. The measurement of the financial leases is further entitled to give rise to the deposition expense for the different types of depreciable assets for every reporting period (Dakis 2 016). Presentation and Disclosure in Accordance with AASB 117 The presentation and the disclosure of the leases is done as per the AASB 117 and the company further declares that the group does not intend to adopt to the new standards of AASB 16 before its mandatory effective dates. It is further stated that the group is yet to assess full impact based on the disclosures related to AASB 16 conceptual framework (Woolworthslimited.com.au. 2016). The Fresh Rules of AASB 16 Leases and the Reasons for Changes from the Present Accounting Standard AASB 117 Lease: The International Accounting Standards Board has issued revised guidelines for lease accounting. The Australian Accounting Standard Board has also incorporated same standards equivalently. The new rules of AASB 16 will be effectively used by the reporting entities for the period on or after 1st January 2019. Under the new rules, all leases except the short term leases along with the low value will be considered for accounting. Later this will be perceived in the statement of the financial performance of the entity. For Lessors, under the new rule, certain changes need to be followed unlike the existing lease accounting in AASB117 leases. Although, the lease related to the operating and finance will represent distinctively like the earlier version of the lease accounting rules specified by the AASB. Specifically, the new standard needs lessees for the purpose of leases on-balance sheet by recognizing assets ensuring the right of use and liability of lease (Wong, Wong and Jeter 2016). Currently, the right of use of assets has not been considered along with the lease liability of the reporting entities at the end of the financial report. Thus, the entities faced a lot of challenges while calculating the operating and finance leases in the balance sheet. According to Beckman (2016), the substantial impacts will be observed and the revised rules under section 16 of AASB will be followed while treating the property for leases and high value equipments. The new rule of AASB 16 supersedes the existing standard of lease mainly in the area of interpretation and the definition of the lease (Dakis 2016). Most importantly, AASB16 ensures the requirement of the enhanced disclosures by which Lessors needs to be provided in the statements of financial performance. In this way, the reporting entity will improve their performance while disclosing information in relation of risk exposure of Lessors. For instance, AASB 117 is not disclosed the residual value risk at the end of the financial report and thus the existing standard compromised in the area of representation. On the other hand, lease , under the new standard of AASB 16 needs to represent the right to control that are applied for identifying an asset, such as a floor of a building. Furthermore, AASB 117 has not provided guidance on sale and the accounting of leaseback which are now included in the new standard of AASB 16. In a nutshell, the current accounting standard AASB 117 Lease have been modified and the new rules in the form of AASB 16 introduced to improve the reporting transparency. Analysis of Impact on the Financial Position of the Company with the New Rules The overall application of the new rules of AASB 16 will have a considerable amount of material impact on the reported assets and liabilities of the group. The impact will be also seen in terms of the changes in financial ratios and the cost of implementation of new standards may be much higher than AASB 117 (AASB 2015). As per the new standard the distinction between the operating and financial leases will not be made. Moreover, Lessees will be able to bring the right use of the asset and the balance sheet will show the lease liability for all the leases. At present, the companys operating leases and rental expenses is observed to be $ 2005.5 million, which is currently defined under the AASB 117 Leases, and hence this does not show any impact on the balance sheet of the company and the lease adjustment is shown only through the Profit Loss account. As per the newer guideline, the operating leases will be capitalized on the balance sheet of the company (Woolworthslimited.com.au. 20 16). A major impact will be seen in terms of both increasing the assets and the liabilities of Woolworth Limited and furthermore the balance sheet may show an impact on covenants related to the Debt/equity ratio. Moreover, it has been observed that the PL perspective of the consideration of the leases are done on straight-line basis under the older guideline of AASB 117. As the company set to implement the newer guidelines from 1st January 2019 the treatment will result in both charging of interest and depreciation which will have an impact on the profit and loss account statement of the company. Despite the fact the preservation will be based on the straight-line method, the interest treatment will be significantly higher in the initial stages. This ratio and frontloading influence on the expenses in the PL statement and result in overall reduction in the life of the leases (Moorestephens.com.au.2016). Recommendations: Implementation of Auditor Client Relationships: The study undertaken in respect of the accounting standard provides the learning that rules relating to independence should be applied towards the application of auditor-client relationship and considers whether such rules should be modified for wools worth limited. To make such recommendations, the study provides that specific underlying provisions should be made in order to ensure that the auditor independence and confidence in the financial statement should consider the complicate accounting standards. Additional Guidelines for Woolworth with Effect to Materiality: The study provides the guidelines that the company should take into the consideration the guidelines with respect to the materiality for the those financial statements which are issued previously. This is necessary because it enables the investors to have confidence in the capital markets by ensuring that it is not being adversely affected. It is noteworthy to denote that if an error of misstatement detected by Woolworths is not material prior to any financial statement however, the effect of correcting the error is not anticipated to relate with the material in respect to the current annual report. Under such circumstances, it is best recommended that Woolworths Ltd should consider the treatment to rectify the cumulative error in the existing financial statement with clear disclosure of items in the financial statements. Pursuing the Objective Based Accounting Standards: The study provides Woolworth with the recommendations that it must formally encourage the company to undertake the objective based accounting standards. In addition to this, simplicity of objective based standard provide the ease of decision making regarding the usefulness of the financial statement for the investors. Such recommendations are supposed to have believe that this might serve as in increase in the competition of audit services. The study provides a faith that Woolworths subcommittee should modify the current reporting environment in order to reduce the burden of on the reporting entity of the company. In addition to this, ensuring such standards would help in improving the quality of financial reporting. Strengthening the Internal Control Procedure: It is further recommended that Woolworth should strengthen the procedure of internal control through appropriate auditing standards towards preliminary guidelines. Such recommendations helps in committing additional resources towards federal security regulations by fulfilling the general regulatory guidelines for periodic accounting reporting. Reference List AASB, C.A.S., 2015. Investment Property. Beckman, J.K., 2016. FASB and IASB diverging perspectives on the new lessee accounting: Implications for international managerial decision-making. International Journal of Managerial Finance, 12(2), pp.161-176. Dakis, G.S., 2016. Upcoming changes to contributions and leasing standards. Governance Directions, 68(2), p.99. Dakis, G.S., 2016. Upcoming changes to contributions and leasing standards. Governance Directions, 68(2), p.99. Eisenschmidt, K. and Schmidt, M., 2014. Integrating Prediction Markets into the Due Process of International Accounting Standard Setting-A Possible Path to Achieving Legitimate Accounting Standards.Available at SSRN 2408517. Gaap.com.au. (2016). [online] Available at: https://gaap.com.au/wp-content/uploads/2016/03/GAAP-Consulting-Special-GAAP-Report-AASB-16-Leases.pdf [Accessed 3 Oct. 2016]. Moorestephens.com.au. (2016). IFRS 16 Leases - What does it mean for you? Moore Stephens . [online] Available at: https://www.moorestephens.com.au/news-and-views/january-2016/ifrs-16-leases-what-does-it-mean-for-you [Accessed 3 Oct. 2016]. Wong, J., Wong, N. and Jeter, D.C., 2016. The Economics of Accounting for Property Leases. Accounting Horizons, 30(2), pp.239-254. Woolworthslimited.com.au. (2016). [online] Available at: https://www.woolworthslimited.com.au/icms_docs/185841_Annual_Report_2016.pdf [Accessed 3 Oct. 2016]. Wynder, M., Baxter, P. and Laing, G., 2012. Accountability and accounting standards: the effect of providing indicative but incomplete guidance rules. e-Journal of Social Behavioural Research in Business, 3(1), p.1.