SFAS 116 and SFAS 117 Essay Example for Free

SFAS 116 and SFAS 117 Essay SFAS 116 and SFAS 117 were created to improve accountability among not-for-profit and government entities. These improvements should simplify the structure of financial statements by making them understandable to both the financial and non-financial audience. SFAS 116 establishes the accounting standards for contributions made and received. All entities that make or receive contributions are required to report the contributions received at fair market value as revenue in the period in which they were received. Likewise, any contributions made must be recognized at fair market value but as expenses in the period in which they were made. It further requires that not-for-profit organizations classify contributions that increase net assets as either permanently restricted, temporarily restricted, or unrestricted (FASB, 1993). SFAS 117 concentrates on the external financial statements for not-for-profit organizations. The purpose is to enhance the relevance, understandability, and comparability of financial statements issued by those organizations (FASB, 1993) and requires that all not-for-profit organizations provide a statement of financial position, statement of activities, and statement of cash flows (FASB, 1993). NFPs are required to report net assets broken down as permanently restricted, temporarily restricted, or unrestricted in the statement of financial position. The amounts of change for each classification also must be broken down in the statement of activities. The statement of cash flows must also now contain donor-restricted cash that is used for long-term purposes as being derived from financing activities. Any welfare and voluntary health organizations must report on the statement of functional expenses the function and natural classifications of those expenses (FASB, 1993). All not-for-profit and government organizations must follow these statements. While the individual accounting processes may be complicated, they will help to promote financial accountability and  transparency within those organizations. References FASB. (1993, June). Statement of financial accounting standards no. 116. Retrieved from http://www.fasb.org/cs/BlobServer?blobkey=idblobwhere=1175820922799blobheader=application%2Fpdfblobcol=urldatablobtable=MungoBlobs FASB. (1993, June). Statement of financial accounting standards no. 117. Retrieved from http://www.fasb.org/cs/BlobServer?blobkey=idblobwhere=1175820923228blobheader=application%2Fpdfblobcol=urldatablobtable=MungoBlobs CERTIFICATE OF ORIGINALITY I certify that the attached paper is my original work. I am familiar with, and acknowledge my responsibilities which are part of, the University of Phoenix Student Code of Academic Integrity. I affirm that any section of the paper which has been submitted previously is attributed and cited as such, and that this paper has not been submitted by anyone else. I have identified the sources of all information whether quoted verbatim or paraphrased, all images, and all quotations with citations and reference listings. Along with citations and reference listings, I have used quotation marks to identify quotations of fewer than 40 words and have used block indentation for quotations of 40 or more words. Nothing in this assignment violates copyright, trademark, or other intellectual property laws. I further agree that my name typed on the line below is intended to have, and shall have, the same validity as my handwritten signature.

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International business it is combination business across national boundaries which has different region of export, licensing, franchise and foreign direct investment (FDI). FDI is an investment to acquire international business ventures and it’s also requiring a lot of commitment in term of sources that could bring socio economic growth to that country. Furthermore, FDI flows facilitate the acquirement of intangible assets and valuable tangible, in which FDI brings a positive value toward assets transfer, improve productivity and merchandise quality. This entry could bring positive factor to economic growth when the basic factors are been fulfilled such as competent human resource exists. In the recent studies shows that FDI inflow and economic growth has a positive correlation in shorter view. In to that extent, the acknowledgement of the FDI could influence several of channel such capital and overcome liquidity and have even largest channel in long term view however it can’t be undetermined if it’s will have positive correlation for long term situation. The intervention of Multi-National Corporation (MNCs) will be great sources for foreign direct investment which could predict the increases of the FDI flows in future. The Combination MNCs and FDI channels in the market could lead in accumulated sources and just MNCs itself enough could give high impact on operational structural to the country. The positive impacts cause for the both combination it is capital accumulation, balance of payment, international network, human capital, financial system boost and supply technology, knowledge and capital. On part capital accumulation, when the host country has the low saving rate but it will sufficient for them as long that it investment... ...atistical Institute on electronic data distribution system of the central bank of the republic of turkey. The resulted from the studies shows the Granger causality analysis state there is no causal relation between an increase in FDI and increase in the GDP in the short run. Accord to the OLS result there is possible result FDI inflow have positive impact to GDP growth. But the positive effect was shown aren’t has no significance to its. Further on, FDI in Turkey does not lead any growth in the GDP volume. FDI enter as privatization processes not as a substantial source of economic growth. Beside that there is also no correlation between FDI and GDP neither in short run or in long run. Moreover, this aim cannot achievable as with the old dated application and also Turkey hasn’t able to gains any positive inflows from the FDI to its economical potential and growth.

Racial Prejudice

Racial Prejudice It Is human nature to want to feel accepted. Prejudice In the United States, specifically with Immigration has been a major Issue. Julie Toasts describes this prejudice in â€Å"Evacuation Order #1 9† which is about a Japanese-American family and the internment camps that affect them during World War II. However, prejudice is not only found in the United States. Marine Satraps writes about her experience as an Iranian during the Iranian Revolution of 1979 and her refuge in Austria to finish high school In the graphic novel â€Å"The Vegetable†.While â€Å"Evacuation Order #19† Is about exclusion and â€Å"The Vegetable† Is about acceptance, they both deal with the pre]delude associated with Immigration. It Is hard to compare apples and oranges, just as it is hard to compare a short story and a graphic novel. Regardless of the style of writing, the point of writing is to convey a message to the reader. Both do a pretty good job of showing t he difficulties of living in a foreign country, but Toasts describes the exclusion associated with immigration in a more powerful way.Evacuation Order #19†³ by Julie Toasts is about a Japanese-American family living In California In the spring of 1942. After the Japanese bombed Pearl Harbor In December of 1 941 , rumors began spreading around the united States that Japanese- Americans were going to sabotage military efforts. President Roosevelt issued an order that would imprison nearly 120,000 people with Japanese ancestry. The characters in â€Å"Evacuation Order #19† are being affected by this order. The family had assimilated into the community before President Roosevelt issued the order.We understand that the mother has a friendly relationship with the store owner Joe Lund. Melee Glasses,' Joe Lund said the moment she walked through the door† (Toasts 381 This shows that the family assimilated Into the local society because the shop owner comments on something new he sees with her. Joe Lund even offers that the mother does not have to pay for the items she purchased from the store. The reader is led to infer that the family has been a part of the community for a long time and they are nice people that wouldn't do anything to harm the country.As the story concludes, we see that the family is being taken to â€Å"wherever It was they had to SGF' because of their race and the family cannot do anything about It. The exclusion that is imminent on the family is a direct result of racial prejudice. â€Å"The Vegetable† by Mar]Anne Satraps takes place in the late asses or early 1 sass in Vienna, Austria and is about her own life. Marine Is Iranian and living without her parents as she attends school in Austria. During the late ass, Iran was going through a large scale political and social revolution.The revolution became violent in many tuitions, In fact in January of 1978 students began to protest and many students died during the protes t. As a reader of â€Å"The Vegetable† we don't know the nationality of Marine until page 482 when she sees stories about Iran on the TV and she talks about her attempts to â€Å"make her past disappear† (Satraps 482). We do not really see her being excluded or treated differently because of her nationality by the other students. It seems that she does not accept herself as she is constantly changing the way she looks and that she smokes marijuana with some of the other students.As and makes the comment about trying to disappear. In the end when she proclaims she finally relinquished the prejudice that she put on herself. The exclusion Marine feels is because of her race but also because she put herself into a situation where she feels excluded. Both stories show that the characters are capable of assimilating into the new culture and by the end the stories, racial prejudice has an effect on their lives. Evacuation Order #19†³ shows very clearly that the character s are being excluded based on racial prejudice where The Vegetable† implies that part of the exclusion is because of other factors, and not necessarily her race. The reader develops a stronger emotional feel for Tossup's characters because you feel bad for the situation they are in. To truly understand how a character is feeling, one would have to look at the choices or decisions that the character makes. The characters in these two stories both feel excluded, and the actions that they decide to take, show the extent of the racial prejudice.Julie Toasts writes about a mother who spends the entire day caking her house before her family and she are taken away. The degree of racial prejudice that she felt caused her to have a very emotional day. Not only did she pack away all of her belongings, she had to put down their dog, release their bird and hide sentimental objects and after hiding her emotions as to not scare her children, she finally has one last moment in her home to re flect on her emotions. â€Å"†¦ And began to laugh – quietly at first, but soon her shoulders were heaving and she was gasping for breath.She put down the bottle and waited for the laughter to stop but it would to, it kept on coming until finally the tears were running down her cheeks† (Toasts 386). Her emotions took over and she lost control because of the racial prejudice and what it made her do. Marine in â€Å"The Vegetable† felt such a strong exclusion from her racial prejudice that she decides to lie about her nationality to a stranger at a party. She wanted to disappear from her past because she was tired of being Judged based on where she is from. After Marine proclaims that she is proud to be Iranian, she starts crying. But really, I had nothing to cry about. I had Just redeemed myself. For the first time in years, I felt proud† (Satraps 485). She felt so relieved that the weight of racial prejudice was no longer affecting her and she began t o feel more comfortable. The actions that the characters perform in these stories show the power that racial prejudice put on them. The mother's actions in â€Å"Evacuation Order #19† are a bit more extreme than Manner's actions in â€Å"The Vegetable† and because the actions are more extreme, the reader can't help but feel more empowered by Tossup's story.While both Julie Tossup's â€Å"Evacuation Order #19† and Marine Satrap's â€Å"The Vegetable† have powerful effects on the reader, Toasts writes a more powerful story. She effectively shows the exclusion caused by racial prejudice and the effect it had on families during this time. â€Å"The Vegetable† has a confusing message because we are not sure if the stress she feels is from racial prejudice or if it is because of a teenagers desperate desire to feel included where â€Å"Evacuation Order #19† has a very clear and strong message of racial prejudice that makes the reader feel for them more.

The Hero With A Thousand Faces - 1524 Words

Revised Draft A hero is â€Å"a man (or occasionally a woman) of superhuman strength, courage, or ability, favored by the gods.† Based on this quote, found on â€Å"The Oxford English Dictionary Online,† one can assume that the hero would be a man based on the terms that are used. People often associate a man as being the almighty power in a situation. They are referred to as the hero. One does not often find a movie about superheroes with the hero being a woman. Gender should not define who is the better person. In order for one to be a hero, one must step up to the plate and destroy the monster behind the situation. If a woman is able to accomplish that task, then why can they not become a hero for society to cherish. Using The Hero With a Thousand Faces, by Joseph Campbell, Alien can be seen to argue how women are equal to men through the stages of a hero’s journey. In order for Ripley to become a hero, there has to be a situation in which she could shine. Rel ating this to Campbell’s piece, he explains the idea of the call to adventure. In this, he states â€Å" a blunder—apparently the merest chance—reveals an unsuspected world, and the individual is drawn into a relationship with forces that are not rightly understood.† This quote demonstrates how the hero is chosen for a task that they do not necessarily want to do. This is considered the call to adventure, in which that is the hero’s destiny. Even though the hero may not want to participate in saving the world, they are the one’sShow MoreRelatedThe Hero With A Thousand Faces1540 Words   |  7 PagesCampbell â€Å"The Hero With A Thousand Faces† and The Movie â€Å"Alien† A hero is â€Å"a man (or occasionally a woman) of superhuman strength, courage, or ability, favored by the gods.† Based on this quote, found on â€Å"The Oxford English Dictionary Online,† one can assume that the hero would be a man based on the terms that are used. People often associate a man as being the almighty power in a situation. They are referred to as the hero. One does not often find a movie about superheroes with the hero being a womanRead MoreThe Hero With A Thousand Faces796 Words   |  4 PagesIn 1949, Joseph Campbell published his book â€Å"The Hero with a Thousand Faces.† It details his theory of the â€Å"monomyth,† a theory that illustrates how many heroic mythological stories have similar outlines and archetypes. During his discussion of the second chapter of the monomyth, Campbell says that the monomyth can â€Å"serve as a general pattern for men and women† in their everyday lives (121). In many circumstances, comparisons can be made between normal situations throughout life and the monomythRead MoreHero With A Thousand Faces1555 Words   |  7 PagesAnyone can be a hero, no matter where they come from, they could be your neighbor or be in the next town over, in another state or even in another country. Luis Gonzalez, born and raised in a small farm in Jalisco Mexico was eighteen years old when his own personal hero journey began. A â€Å"Heroes Journey† is a seventeen stage itinerary divided into three segments listed in order; Departure, Initiation and Return. These stages consist of what the hero in the story will do in their journey accordingRead MoreThe Hero With A Thousand Faces1284 Words   |  6 Pages Analysis of Beowulf In his book The Hero with a Thousand Faces, first published in 1949, esteemed American mythologist Joseph Campbell outlines the fundamental structure every archetypal hero follows during his or her journey in the world of mythologies. Campbell coined the term â€Å"monomyth to describe the stories that follow this structure. The monomythic cycle, commonly referred to as The Hero s Journey, is divided into three primary sections known as the Departure, Fulfillment, and ReturnRead MoreThe Hero With A Thousand Faces1328 Words   |  6 PagesCooper Clarke English 4 – Period 2 Mr. McQueary 8/22/14 The Hero with a Thousand Faces Prologue – The Monomyth Myth and Dream Myths are universal and transcendent through time; many ancient myths are seen recreated in modern times. The author uses Oedipus as a way of comparing myth to psychology. Dreams have also played a major role in civilization; the people who could interpret dreams can understand and create myths. â€Å"Dream is the personalized myth† (19). Tragedy and Comedy People have alwaysRead MoreThe Hero With A Thousand Faces2252 Words   |  10 Pagestheory of the monomyth, all the myths that have withstood the test of time for thousands of years are based on a similar foundation. This foundation is explored in his book The Hero with a Thousand Faces where he describes the theory in this quote â€Å"A hero ventures forth from the world of common day into a region of supernatural wonder: fabulous forces are there encountered and a decisive victory is won: the hero comes back from this mysterious adventure with the power to bestow boons on hisRead MoreThe Hero with One Thousand Faces by Joseph Campbell1447 Words   |  6 Pagesyoung innocent character who embarks on a journey and becomes a hero, known as The Hero’s Journey; a series of steps that all heroes follow. This journey not only shows the main character becoming a hero but also shows the hero move along a path similar to that of adolescence, the path between childhood and maturity. The Hero’s Journey was created by a man by the name of Joseph Campbell. He wrote a book called The Hero with One Thousand Faces, a novel containing a variety of stories that follow the stepsRead MoreThe Cultural Values And The Archetypal Patterns Of The Novel Hero With A Thousand Faces 1331 Words   |  6 Pageson a pedestal, unlike their deception during the Late Middle Ages after the advent of chivalry and courtly love. On that note, Sir Gawain and Beowulf both reflect the cultural values and the archetypal patterns found in Joseph Campbell’s Hero with a Thousand Faces which are expressed throughout their communities. Even though some of the values such as valor and loyalty carried over from one time period to another, the two cultures experienced a paradigm shift from the way fighting was conducted allRead MoreTo What Extent Did the Book Hero with a Thousand Faces Influence the Sci-Fi Fantasy Film Genre, Specifically George Lucas’s Star Wars Trilogy?4143 Words   |  17 PagesIntroduction A hero goes forth from his familiar life into a world of the supernatural; difficulties are encountered which the hero conquers; and he returns home to celebrate with his friends. You may think you know what sci-fi/fantasy movie I’m talking about. But what I was actually describing is the book Hero With a Thousand Faces by Joseph Campbell. Because when it comes down to it, almost all sci-fi and fantasy movies follow the same basic pattern, the â€Å"Monomyth† described in Campbell’s bookRead MoreThe Hobbit, Or There And Back Again Essay1423 Words   |  6 Pagesor final battle followed by their return. Amongst the greatest and most authoritative pieces of literature written in the 20th century is Joseph Campbell’s The Hero with a Thousand Faces. Both the ideals and concepts within The Hero with a Thousand Faces are being used, and have been used, in the art of storytelling for thousands of years. The specific concepts Joseph Campbell lays out within the text is a dissection of the many common themes which the vast majority of stories, the heroic tale