Martin Luther King Jr. An Innovator of Change - 2438 Words

Martin Luther King Jr.: An Innovator of Change Martin Luther King Jr. was a peaceful and courageous man who used a non-violent manner to stand up for all that he believed in. King Jr. sought for equal rights for African Americans during his life. He not only participated but led many of the acts to push equal rights such as the bus boycott, antisegregation campaigns, the March on Washington, and civil rights rallies throughout the United States. Due to his strenuous work for equal rights, King Jr. was one of the major reasons for the passing of the Civil Rights Bill in 1964 (Bennett). Martin Luther King Jr.’s hard-working, dedicated personality is one of the predominant reasons that there are civil rights in the United States; if it†¦show more content†¦Both finally relinquished their seats after Mrs. Bradley told King Jr. that they must follow the law (18-19). They were forced to stand in the aisle for the remaining ninety miles to Atlanta (19). These events laid the foundation for King Jr. to seek civil rights for all Americans. In addition to the discrimination that he faced during his childhood, King Jr. faced even more discrimination as an adult. On April 12, 1963, King Jr. and Ralph David Abernathy guided fifty marchers to City Hall in Birmingham, Alabama (74). Before they were able to reach City Hall, Birmingham police interrupted the march and arrested the participants (74). While in jail, King Jr. was placed in solitary confinement with no mattress, pillow, or blanket and was not allowed a phone call or visitors (74). King Jr. stayed in confinement with no means of communication until the next day (74). Unknown to him, his wife called the White House to solve the crisis (74). A few hours later, King Jr. was allowed a phone call after the President, John F. Kennedy, talked to Bull Connor, who at the time was the Commissioner of Public Safety in Birmingham (74). King Jr. would spend a total eight days in jail, where he wrote letters which would eventually be published into a well-known document called â€Å"Letter from Birmingham Jail† (74-75). During King Jr.’s fight for civil rights, he and other fellow African Americans participated in many different acts that served as protests against segregation. One ofShow MoreRelatedTransformational Leadership : The Most Important Aspect Of Management1088 Words   |  5 Pagestransformational leadership: charisma, intellectual and inspiration. Not only will this paper define the different aspects of transformational leadership but it will provide examples of leaders who exude each aspect. Charisma Steve Jobs, Martin Luther King, Jr., and Albert Einstein all are known as charismatic leaders. A charismatic leadership style is a lot like a transformational leadership style because the leader uses enthusiastic measures to keep morale up with employees. They believe thatRead MoreThe Right Time for Martin Luther King, Jr. Essay1342 Words   |  6 PagesAs a leader in the civil rights movement, Dr. Martin Luther King, Jr. had to confront both the oppression of blacks in America as well as dissenters who objected to the timing and methods King advocated. Deeply involved in the civil rights movement, King rarely had time to respond to his critics. However, while confined to the Birmingham jail after being arrested during a civil rights demonstration, King had time to address several of these widely held criticisms that were the subject of a letterRead MoreFamous Thinker2262 Words   |  10 PagesFamous Thinkers Paper Jason Terry PHL/458 September 25, 2012 Cher Summers Famous Thinkers Paper Looking back throughout history many famous thinkers have made an impact on society; however, not as much as Dr. Martin Luther King; a people’s man or Mr. Bill Gates a business hero. After researching these two famous thinkers and their contributions to society I will identify the problems each wanted to solve, the solutions to the problems and the implementation of those solutions. The explorationRead MoreFrederick Douglass Essay766 Words   |  4 PagesThe definition of reform is to make changes in something; socially, politically, or economically, to improve it. One of the world’s most prominent writers, Thomas Carlyle, said, â€Å"Reform is not pleasant, but grievous; no person can reform themselves without suffering and hard work, how much less a nation.† According to Carlyle, the action of reforming is not easy to do for yourself, let alone for a whole nation of people. While many revolutions have tried, only a few have successfully reformed theRead MoreL eadership Styles : Niccolo Machiavelli And Dr. Martin Luther King741 Words   |  3 PagesThere are varieties of leadership styles. Niccolo Machiavelli and Dr. Martin Luther King, Jr, are opposites in their characterization of what makes a good leader. One justifies that the â€Å"end justifies the means† while the other directs us that â€Å"it is wrong to use immoral means to attain moral ends† (King). I agree with the latter of the two believing that the first one burns bridges, while the latter builds them. However, both leadership styles exist today. Machiavelli reflected, â€Å"How one livesRead MoreThe Great Man By Martin Luther King, Jr., And Winston Churchill2364 Words   |  10 Pagesto pinpoint the source of their success. The ‘Great Man’ theory, popular in the 19th century and now thoroughly debunked, held that leaders are born, not made; suggesting that men like George Washington, Martin Luther King Jr., and Winston Churchill were born with the innate capacity to change the world (Landis, Hill, Harvey, 2014) In recent decades this theory has given way to far more nuanced and complex notions about leadership. This paper will explore several current leadership theories,Read MoreWhy Leadership Is A Fundamental Part Of Organizational Behavior979 Words   |  4 PagesGreat leaders have the ability to mold our minds, bodies, and souls. Great leaders push us to our limits and have us coming back for more. But, Why? What draws us towards these individuals? Abraham Lincoln, Mother Teresa, Mahatma Gandhi, Mart in Luther King Jr., and Steven P. Jobs, what do they all have in common? Yes, they all were great leaders, but it is something more than that. It was their ability to self-sacrifice. They built trust from their moral beliefs and actions. They understood andRead MoreEssay on Black Arts Movement1626 Words   |  7 PagesAmerica and make a change for their community. His poems convey the type of darkness a lot of poetry had during this era. Most poems created more pessimistic details of a dark, struggling world. These poems helped the growth of the Black community to deal with their hardships and work together to make a more creative outlook. Another key innovator of this era continued the idea the Black community did not want to hear about religion and love, but revolting and growing. That innovator was Malcolm X.Read MoreBlack Arts Movement Essay1606 Words   |  7 PagesAmerica and make a change for their community. His poems convey the type of darkness a lot of poetry had during this era. Most poems created more pessimistic details of a dark, struggling world. These poems helped the growth of the Black community to deal with their hardships and work together to make a more creative outlook. Another key innovator of this era continued the idea the Black community did not want to hear about religion and love, but revolting and growing. That innovator was Malcolm X.Read MoreRock And Roll : Rock Roll1169 Words   |  5 Pages(Scaruffi, The History of Rock Music:1955-1966), started out more as an underground market, but ended up becoming a significant aspect of American popular music history. Rock-n-Roll music produce many legendary artists who will forever be known as innovators of the genre. Elvis Presley and Chuck Berry were some of the many artists in Rock-n-Roll who will always live on in their music. Many teenagers were also to identify it due to its rebellious nature their disapproval of the cold war. Towards the

Qualitative Characteristics Of Financial Information †Free Samples

Question: Discuss about the Qualitative Characteristics Of Financial Information. Answer: Introduction AASB framework is highly concerned for viability for accounting information as it is used by stakeholders for assisting them in decision-making procedures. This part of the study is based on examination of qualitative characteristics of accounting information by considering appropriate research articles and journals. According to the study of Cordery and Sinclair (2016), qualitative characteristics of accounting information are essential qualities which serve a primary supporting role in the viability of decision in support to particular accounting theory. These characteristics make financial statements useful for users. As per AASB conceptual framework qualitative characteristics of accounting information is as follows The fundamental qualitative characteristic of accounting information is relevance and faithful representation. Both of these qualities are important, if the information is 100% reliable but not relevant, then it will be of no use. On the other hand, accurate information consists less or no value if the same is not reliable (Amendments to the Australian Conceptual Framework, 2013). These qualities are enumerated as below and are inclusive of the elements which will make these qualities more desirable. In addition to two secondary qualities are considers which are comparability and consistency. These characteristics must be steady to each other. The information must be relevant as it helps users to determine the past, current and future capacity of generating income of the business. Relevant information can make significant in the opinion of the user as decision requires either predictive or confirmatory value or both. Relevance also consists a significant element which is timeliness. Information must be provided at the right time to the user to enable its use in the process of decision making (Barker and Penman, 2016). Further, reliability is an amount on which the information is verifiable as it assists in assuring the users that the information shows exactly the economic phenomenon that seeks to represent them. The word objectivity refers to verifiability. Verifiability of accounting information ensures faithful representation of economic phenomena. Accounting information provided statements must be verifiable whether it is by the direct or indirect method. It means information must be supported by reliable evidence and i ndividuals are in a position to cross check that cited information is represented in a faithful manner. This quality takes place when both measure and phenomenon makes an agreement; it claims to be represented. In accordance with the viewpoint of Collier (2015), faithful representation does not refer to complete accuracy of financial aspects but refers that provide information is free from errors and omissions. For example, estimation in disclosure or computation cannot be perfectly accurate, but representation can be faithful if complete information is provided along with the limitation of the estimation process and providing assurance that process is free from error and biases. Although, faithful representation does not necessarily imply useful information. For a better understanding of this aspect, following example can be considered; in the case where estimation is to be made regarding the amount by which carrying amount of assets is required to be adjusted to provide effective on impairment on the value of the asset (Amendments to the Australian Conceptual Framework, 2013). In this case is disclosure of impairment is faithful representation only if the entity has applied an appropriate process in a proper manner by describing the estimates along with the uncertainties associated with it. However, in the presume case if the level of cited uncertainty regarding estimate is satisfactorily large then it will not be particularly useful. It simple words, the relevancy of the asset regarding faithful representation will be questionable. In such situation, if there is no scope of other better alternative representation then cited estimate may work as the superlative available information. Accounting information provided to users must be material to them on the basis of its magnitude or nature. In accordance with the study of, information is considered to be material if its misstatement or omitting can influence the decision of user (Cordery and Sinclair, 2016). Due to this factor, the board cannot determine the quantitative threshold for materiality which is uniform or predetermined as the materiality of information vary to business to business. Along with this, it must be represented faithful, and same can be attained by ensuring that fact is complete, free from error and unbiased. Secondary characteristics of accounting information that is significant for making decisions are comparability, consistency, verifiability, timeliness and understandability. Relating to comparability, it is the concept of applying consistency in practices of accounting among different time periods. Both the predictive and feedback values can be improved if users make a comparison of the companys performance over time. This characteristic makes user capable of determining and understanding similarity and dissimilarity among accounting items. In accordance with the study of Wang (2014), characteristic of comparability is connected with the characteristic of consistency. In this aspect, AASB states that comparability is the goal which is achieved through consistency. Change in any of the policy needs disclosure in the notes to accounts of financial statements to re-establish the comparability in the accounting periods. However, comparability does not refer to uniformity, but it means th e development of standard norms to enhance understanding of user regarding the interpretation of financial statements (Amendments to the Australian Conceptual Framework, 2013). Accounting information is measured to be understandable if it is classified, characterised and presented in an appropriate manner. However, some of the accounting phenomena are inherently complex which is not easy to understand, and exclusion of such facts make interpretation easy (Barker and Penman, 2016). Although exclusion of such facts can mislead users and same is considered to be unethical accounting practice thus it is expected that users must have reasonable knowledge regarding business and economic activities so they can make a viable interpretation. This characteristic also states that information must not be restricted to the interest of average investor or generation users as it must serve the purpose of a broad range of users. For making accounting information more useful, it must include assured qualities and meet the standards. FASB (Financial Accounting Standards Advisory Board) initiates and manages GAAP (generally accepted accounting principles) that set the standards and qualities of the accounting information (irt, Muthusamy and Bir, 2017). Business entities should focus on enhancing qualitative characteristics to the maximum possible extent. Application of these qualitative characteristics is an iterative process which does not comply with the specific procedure as it needs subjective qualification supported by the appropriate disclosure of material facts (Wang, 2014). Conclusion In accordance with this part of the study, it can be concluded that corporate entities are required to prepare financial statements by considering all the qualitative characteristics of accounting information cited by AASB framework to provide assurance that they are free from all material misstatements. Bibliography Amendments to the Australian Conceptual Framework.2013.[Online].Available throughhttps://www.aasb.gov.au/admin/file/content105/c9/AASB_CF_2013-1_12-13.pdf. [Accessed on 31st August 2017]. Barker, R. and Penman, S., 2016. Moving the conceptual framework forward: Accounting for uncertainty.Unpublished paper, Oxford University and Columbia University. Birt, J.L., Muthusamy, K. and Bir, P., 2017. XBRL and the Qualitative Characteristics of Useful Financial Information.Accounting Research Journal,30(1). Collier, P.M., 2015.Accounting for managers: Interpreting accounting information for decision making. John Wiley Sons. Cordery, C.J. and Sinclair, R., 2016. Decision-Usefulness and Stewardship As Conceptual Framework Objectives: Continuing Challenges. Wang, C., 2014. Accounting standards harmonization and financial statement comparability: Evidence from transnational information transfer.Journal of Accounting Research,52(4), pp.955-992. Wang, C., 2014. Accounting standards harmonization and financial statement comparability: Evidence from transnational information transfer.Journal of Accounting Research,52(4), pp.955-992.