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Richard Nixon and the Election of 1969 - 1107 Words

Richard Nixon and the Election of 1969 Richard Nixon, was born on January 9th, 1913, in Yorba Linda, California. Fifty-six years after he was born he became the 37th president of the United States. In the election Nixon only defeated the democratic candidate, Hubert Humphrey, by about 500,000 in the popular vote. Nixon is considered one of the most controversial politicians of the twentieth century. He used his political experience, his background, the communist scare of the late forties and early fifties, and some other factors to become the President of the United States. When people are deciding whom they will vote for an important factor they look at is the candidates’ educational background. Nixon grew up in a†¦show more content†¦When he came back to politics he took a different approach to campaigning. When he ran again in 1968 he let the Democratic candidates, who were split over the Vietnam War, tear themselves apart while he avoided the issue stating only that he would find an â€Å"honorable end.† One of the most important things in the 1968 election was dealing with the Vietnam War. While campaigning one of the most important details that the public paid attention to was, what was going to happen with the Vietnam War. The public heard both parties and what they were going to do and because of Nixon’s approach to the problem he got more of the people behind him. This was one of the key issues in the race and it was important for Nixon to prove to the people that he had a solution. He did and he ended up winn ing the election. One more important factor would be the candidate’s character and personality. From his parents he picked up the values of hard work and integrity. Nixon has been described like this by Robert Finch, â€Å"He wasn’t nearly as attractive, physically, as some of the other candidates, but he was so intense; he was a strong personality. You regarded him as a comer, someone who would be effective and successful in political activity. I was impressed by his obvious political skills, his intelligence, and his drive (Strober 31).† This definitely sounds like some qualities that would make a good president and the public agreed by electing him President. NixonShow MoreRelatedRichard Nixon: Was He Truly Conservative? Essays1083 Words   |  5 Pages It is clear that Richard Nixon was elected as a conservative. He promised themes of â€Å"law and order† (Lecture 24, November 14), pandered to what he called the â€Å"silent majority† (Silent Majority Speech, 1969) and promised to end the unpopular Vietnam War, a product itself of liberal policies and ideals. He offered a sharp contrast in rhetoric between the soaring â€Å"we can do it all† language perpetuated by Kennedy and Johnson (Lecture 25, November 19). But how truly conservative was â€Å"Tricky Dick’s†Read MoreLyndon B Johnson And The Vietnam War1470 Words   |  6 Pagesforces. During the war, elections so if things aren’t going your country’s way on the battlefront you are going to be on the hot seat. This is exactly what happened for Lyndon B Johnson amidst the Vietnam War. The year was 1968, with the incumbent Preside nt, not running for office anymore. The President of the United States was up for grabs and between the Vice President, Hubert Humphrey and Richard Nixon. Richard Nixon, in order to gain the upper hand in this election, would sabotage peace talksRead MoreRichard Nixon : The Second Of Five Children1561 Words   |  7 Pages Richard Milhous Nixon was born on January 9, 1913 in Yorba Linda California on his father’s lemon farm. Richard Nixon was the second of five children born to Frank Nixon and Hannah Milhous. Unfortunately, two of his brothers died. In 1925, Richard Nixon’s younger brother died and in 1933, his older brother, whom he greatly admired, died of tuberculosis. His ancestors emigrated from Ireland in the 18th century, and settled in Pennsylvania and Indiana. In 1922, Richard Nixon and his family moved toRead MoreEssay Richard Nixon1491 Words   |  6 PagesRichard Nixon Born in 1913 in Yorba Linda, California, Richard Milhouse Nixon was raised in a Quaker home with his four brothers, mother and father. His family led a docile life by abstaining from all dancing, swearing, drinking and other common Quaker practices (Barron 12). Financially, the family struggled and he could not afford to attend Harvard University even with a full-ride scholarship. Instead, Nixon enrolled at Whittier College, a popular Quaker college close to home (Barron 39). NixonRead MoreRichard Milhouse Nixon Essay1060 Words   |  5 PagesRichard Milhouse Nixon Richard Milhous Nixon was born to Frank and Hannah Nixon on January 9, 1913. He was the second eldest son of five sons and was born and raised in Yorba Linda, California. His father worked as a jack of all trades until buying a family operated store where Richard worked as a child. Hannah Nixon taught Richard to read young, and by age five he was solidly progressing in the three Rs. Throughout school Richard was always among the top of his class and upon graduationRead MoreRichard Milhous Nixon : The President Of The United States804 Words   |  4 Pages Richard Milhous Nixon was the 37th president of the United States. He served from 1969 to 1974 becoming the only U.S. president to step down from office. Nixon was born on January 9,1913 in Yorba Linda, California. He graduated from Whittier High School second in his class and was offered a scholarship to attend Harvard. Due to the fact that his parents could not afford the travel fees and living expenses, he went to a more local college, Whittier College. Here he earned the reputation of a challengingRead MoreEssay about Richard Nixon1343 Words   |  6 PagesLARSEN//PD7 RICHARD NIXON 11/26 Richard Nixon; the name alone brings to mind terrible words along the lines of scandal and failure. Nixon was the 37th president of the United States. He was also the first and last president to resign from office. However, the scandals leading to Nixon’s resignation definitely overshadowed his humble beginnings and the accomplishments he made as president during the notorious decades of the Cold War. Richard Milhous Nixon was born to Francis and Hannah Nixon on JanuaryRead MoreRIchard Nixon and The Water Gate Scandal Essay882 Words   |  4 PagesRichard Nixon was president during 1969-1974 and was the first president to resign from office. During this time there was a scandal known as the Watergate Scandal. It was about five men who broke into the watergate building and stole secret documents. They were caught, but some people believe Nixon was involved. He may have even tried to cover up the investigation using bribes. Richard Nixon was born and raised in California in 1913 and died 1994. He was our 37th president of the United States ofRead MoreAnd The Saigon Government Has Pledged To Accept The Result1496 Words   |  6 PagesAnd the Saigon Government has pledged to accept the result of the elections.† It was because of this that he announces the Nixon Doctrine, with this he limits US involvement in wars by stating that the nation would send support through aid and other means but no more ground troops would be sent. â€Å"Well, in accordance with this wise counsel, I laid down in Guam three principles as guidelines for future American policy toward Asia: First, the United States will keep all of its treaty commitments.Read MoreUnited States Withdrawal From Vietnam Essay1142 Words   |  5 Pagesbook; I know that the American were determined on seeking out the Vietcong. Everyone who went into the village had in mind to kill. We considered them either VC or helping the VC. This source is quoted in Time magazine, 5 December 1969. Soon after this horrendous massacre , the media got hold of pictures showing what had happened. These pictures were broadcasted in America and more people were shocked at what was happening. At this time the US government was forced

Conceptual Framework for Obligations Financial Reporting

Question: Discuss about the Conceptual Framework for Obligations Financial Reporting. Answer: Introduction In todays world companies are expanding their operations globally; as a result financial reports are becoming more complex due to the high involvement of financial transactions. Due to the existing complexities, shareholders and stakeholders are not able to understand and analyze the financial report for their own use. Financial statements are included in the annual report of an organization which is a comprehensive report which addresses the need of knowing the financial performance of the company ti its shareholders, creditors and investors. Hence it is the responsibility of the accountants to simplify the terminology used in those statements to make every individual who is not technically qualified can read and understand. Internationally acclaimed accounting bodies such as IASB and AASB have provided a legal framework which gives a true and fair view of the organizations financial position. It is the duty and obligation of an accountant to make sure that these accounting standard s are followed properly and provide the right judgment about the organizations performance. They should disclose all material information which can affect the decisions of the investors in the long run. Importance of simplifying the annual reports An annual report of the firm gives an insight about the companys performance and its future strategic decisions taken in the previous financial year to its shareholders and stakeholders. It is very important that it should be provided in such a manner that it is understandable to everyone, to be very specific the companys investors. The investors analyze the important information and take crucial investment decision based on that. So, it is very important simplification of material information should be done (Deloitte, 2014). Elements of simplification: Materiality and disclosure: Organization should provide information which is relevant to the shareholders and stakeholders. Irrelevant information provided may distract and confuse the investors but not disclosing any financial information should not be misunderstood as concealment of important information which will considered as a fraud (Hughes Fisher, 2015). In the report of AGL energy information about their business growth, profitability of each business segment, future strategic plans and cost and expenses occurred are presented in very precise and clear manner (CPA, 2012) Illustrative tables and figures: It is not important for the user of annual report to understand important information between the lines. The information should be presented in an interactive manner so that the investor does not miss any relevant information. On the very first few pages all the information regarding companys EBIDTA, EBIT, underlying profits etc. are provided in a graphical format showing clearly the increasing and decreasing trends. Also AGLs major achievements and developments are highlighted using pictorial view (Grand thornton, 2015). Comparative analysis: Investors can only analyze the growth of the company by comparing current year performance with the previous ones. Comparison plays a crucial role in the investors decisions. AGL energy has stated the information of past 4 years in preparing the financial statements to provide an overview of companys performance (Deloitte, 2015) Footnotes and explanation: It is not possible to understand each and every item mentioned on the financial statements, so the companys explain the relevant details in the footnotes, so that it can provide additional detail view to the investors. In AGLs report all the necessary clarification regarding the financial statements are disclosed in footnotes in a very clear manner (HMT, 2014). Financial illiteracy in the context of IASB/AASB The purpose of preparing an annual report is to help the investors, lenders and creditors to take appropriate investing decisions based on the performance of the company. Not every individual is an expert in reading and interpreting the financial reports provided by the company. Companys financial report as it is prepared by professionals is complex and difficult to understand. Financial illiteracy in this context refers to situation where the investors or any concerned party are not in a position to understand the financial statements and as a result they are not being able to take any sound investment decisions. To cope with this problem internationally recognized accounting bodies such as IASB/AASB have provided a universally accepted framework in terms of accounting standards and concepts to simplify the annual report for its end users. The aim of these organizations is to set high quality understandable standards which are accepted uniformly all over the world. They provide vari ous guidelines regarding disclosure and presentation which is to be followed strictly. IASB/AASB standards are following principle based system which follows judgment based application of policies and procedures (ACCA, 2014). The advantages of following principle based system are: They give a true and fair view of the financial statements. It encourages the use of professional judgments rather than following rigid rules. More flexible can be changed with the change in business environment (AASB, 2015). There are certain concepts which provide a framework for the better understanding of the annual report. The annual report of AGL energy has been prepared in accordance with the AASB standards which are taken from the IASB standards. These are: Report Entity concept: Under the reporting entity concept more emphasis is laid on preparing the consolidated or combine financial statements of all the businesses of the organization. The report of AGL energy has prepped their statements in a consolidated manner and the loss mentioned is also consolidated loss (ICAS, 2012). Recognition and derecognition: According to the recognition concept all the material transaction should be brought into the light of the investor. Derecognition concept refers to ignoring all the irrelevant information which does not affect the investment decision should be ignored. AGL energy has mentioned in detail about their energy plant transactions, sale and purchase of their fixed assets in a detailed manner (IFRS, 2015). Measurement: It is the right of the investor to know the method used to evaluate the assets of the firm. AGL energy in their notes have disclosed that they have prepared the consolidated financial statement on the basis of historical cost method and financial assets are measured using fair value (ACCA, 2013). These concept provide an overview about the policies and procedures followed by the company in a simple and clear manner. The annual report of AGL has been a clear example of a good and precise report as it states all the necessary in an easy and organized manner, this report educate investors about all the material information which will form a strong basis for their investment decision (PWC, 2015). Role of professional judgment A financial report cannot be presented without the help of professional and qualified individuals. These professionals are Auditors, accountants and chartered accountants. Companies hire these people to give their professional judgments to make their financial report more reliable and credible. There is no governing framework for providing a professional judgment rather it is based on the abilities, experiences and intuition of the professionals (Ernst Young, 2015). As told before there is no governing law or standard for giving a sound judgment but they should be made in the context of existing applicable accounting standards, concepts and policies. Requirement for providing professional judgments: Professional judgments should be exercised by a professional who have knowledge and expertise in that area because it is assumed that they have the required skills and knowledge. Professional judgments should be taken within the framework of accounting standards, policies and concepts. Professional judgments should be taken while analyzing all situations and circumstances and professional should take the responsibility of their decisions (Ernst Young, 2015). The authority of taking professional judgments lie in the hands of the auditor and the prepare of the financial statement. An auditor is an individual who checks and verify all the information presented in the financial report before it is presented in front of the shareholders and stakeholders. Without the auditor the financial statements are mere a piece of information which is not verified and authorized. It is the responsibility of the auditor to verify and check each and every items and cross check that they have supportive evidence or not (ASIC, 2015). Elements of judgment on the basis of concepts: Neutrality: An auditor should be a third party who should not be influenced by the management a sit will not ensure the accuracy and will subject to biasness. So in order to provide a true and fair judgment the auditor should be neutral and provide a fair judgment to the shareholders. Prudence: While auditing the financial statements the auditor should provide a their expert judgment on the basis of analyzing all the facts and figures, because their judgment will become a criteria for investors decisions in future. Reliability: The auditor should check all the items present in the financial statement along with their supporting documents to ensure that they are reliable and not fraud. Materiality: The auditor should also check that all the material information are disclosed and there is no concealment of facts on the part of the company. Shareholders and investors only trust on reports which are authenticated by an auditor. No annual report holds any importance if it is not authenticated by an Auditor. The AGL energys annual report is also audited by the external auditor Deloitte. By appointing an external auditor the company ensure its lenders and investors that the financial information provided is unbiased and true to the best knowledge of the company and the auditor. Conclusion It is very important for every organization to comply with accounting standards so as to give a true and fair view of their financial statements. Legal compliance with accounting standards gives investors a confidence in the financial data presented. It is the responsibility of an accountant to simplify the financial terms and disclose all material information so that investors can acknowledge relevant information useful in taking investment decisions. Too much disclosure should be avoided as the investors may miss the useful information and the core purpose remains unsolved. The accountant should use their expert judgment in order to give unbiased opinion and guide the organization to follow the rules and procedures. References AASB (2015) Conceptual framework for financial reporting. Australia accounting standard board, Australia. Retrieved from https://www.aasb.gov.au/admin/file/content105/c9/ACCED264_06-15.pdf on 24 January, 2017. AASB (2017) About Australian accounting standards. AASB, 2017. Retrieved from https://www.aasb.gov.au/Pronouncements.aspx on 24 January 2017. ACCA (2013) Why breadth and depth of finance capability matter in todays finance function. The Association of Chartered Certified Accountants, London. Retrieved from https://www.accaglobal.com/content/dam/acca/global/pdf-campaigns/cfo-survey.pdf on 24 January 2017. ACCA, (2104) Prudence and IFRS. The Association of Chartered Certified Accountants, London. Retrieved from https://www.accaglobal.com/content/dam/acca/global/PDF-technical/financial-reporting/tech-tp-prudence.pdf on 24 January, 2017. CPA (2012) Accounting concepts and principles. CPA, Australia. Retrieved from https://www.cpaaustralia.com.au/documents/study-manual-accounting-concepts-and-principles.pdf on 24 January 2017. Deloitte (2014) Reporting obligations. Deloitte, Australia. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/au/Documents/audit/deloitte-au-audit-GPFS-listed-model-FS-june-2014-section-d-270514.pdf on 24 January 2017. Deloitte (2015) Annual reports insights 2015. Deloitte, UK. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/audit/deloitte-uk-annual-report-insights-2015-highlights.pdf on 24 January 2017. Ernst Young (2015) Role of auditors in the society. Ernst Young LLP, UK. Retrieved from https://www.ey.com/Publication/vwLUAssets/EY-financial-services-viewpoints-audits-role-in-society/$FILE/EY-financial-services-viewpoints-audits-role-in-society.pdf on 24 January 2017. Ernst Young (2014) Comment letter on conceptual Framework. Ernst and Young, UK. Retrieved from https://www.ey.com/Publication/vwLUAssets/EY-Comment-letter-Conceptual-Framework-DP-23-01-14/$FILE/EY-Comment-letter-Conceptual-Framework-DP-23-01-14.pdfn 24 January, 2017. Grand Thornton (2015) Example special purpose financial statements. Grand Thornton, Australia. Retrieved from https://www.grantthornton.com.au/globalassets/1.-member-firms/australian-website/technical-publications/example-financial/gtal_2015_june_example-special-purpose-financial-statements.pdf on 24 January 2017. HMT (2014) Simplifying and streamlining statutory annual report and accounts. HM Treasury, UK. Retrieved from https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/330725/simplifying_annual_reports_print.pdf on 24 January 2017. Hughes, J. Fisher, A. (2015) Five steps to simplifying financial statements today. Chartered professionals accountants, Canada. Retrieved from Five-Steps-to-Simplifying-Financial-Statements-Today-July-2015%20(1).pdf on 24 January 2017. ICAS (2012) A professional judgment frame work for financial reporting. Institute of Chartered Accountants of Scotland, Edinburgh. Retrieved from https://www.icas.com/__data/assets/pdf_file/0013/2605/Professional-Judgement-Framework-Report-ICAS.pdf on 24 January, 2017. IFRS (2015) Conceptual framework for Financial Reporting, Exposure Draft. IFRS Foundation, UK. Retrieved from https://www.ifrs.org/Current-Projects/IASB-Projects/Conceptual-Framework/Pages/Conceptual-Framework-Exposure-Draft-and-Comment-letters.aspx on 24 January, 2017. PWC (2015) Streamlined financial reporting trends in 2015 annual reports. PricewaterhouseCoopers, New York. Retrived from https://www.pwc.com.au/assurance/ifrs/assets/ifrs-streamlined-financial-reporting-oct15.pdf on 24 January 2017. ASIC (2015) Audit quality - The role of directors and audit committees. Australian securities and investment commission, Australia. 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What drives college

The younger generation is extremely active in the marketplace with a higher spending capacity than their preceding generations. More commonly termed as generation Y, this group of people between the ages of 14-31 has an immense impact on the economy with the increased ability to shop. It is thus important to understand the consumption behavior of the younger generation in order to recognize the motivating factors behind their consumer behaviors. Consumer shopping behaviors indicate several key themes.Advertising We will write a custom article sample on What drives college-age Generation Y consumers? specifically for you for only $16.05 $11/page Learn More Freedom and Finding Oneself Young consumers are in the maturing stage and face struggle in gaining freedom and independence from parents and friends. In the maturing stage of their life, they seek to break away from the shackles of parental authority and peer pressure by choosing products through which they can assert their freedom. The idea of â€Å"gaining freedom† occurs by making a choice to use certain products or services over others. These choices are heavily dependent on the peer pressure and the desire to fit in or be individualistic. Blend in or Stand Out The struggle to â€Å"blend in† or â€Å"stand out† reflects in consumer choice and brand preference of teenagers. While some may use a brand to â€Å"fit into† a peer group, others may want to adopt a different style to â€Å"stand out† and feel a sense of individualism. Brand personality Consumers relate to the personality projected by the brand by identifying traits consistent with their own. Consumers seek to reflect their persona through the choice of their brand. Fashion Knowledge Fashion trends dominate consumer behavior of the younger generation who like to keep up with the fashion industry by following trends of celebrities and their individual fashion idols. Value Seeking Com petitive pricing is an essential driver in consumer purchase decision who tries to get the best quality at a good price. Brand Comfort Brands allow young consumers to feel a sense of security and comfort I addition to making them look acceptable to their peers.Advertising Looking for article on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Theoretical Premise Explaining the Behaviors Socialization theory explains the rationale and motivation for consumer behavior. It helps understand how the younger generation members choose their products and learn to shop. The theory suggests that consumer socialization is the process which allows the development of â€Å"skills, knowledge and attitude† among buyers, enabling them to function â€Å"as consumers in the marketplace†. The themes of â€Å"freedom† and â€Å"finding oneself† are based on the premise of socialization theory which affirms that Gen eration Y seeks independence from parental influence and try to find their identities by using certain brands or products. The theory postulates that youngsters have problems creating a distinct identity in the marketplace despite their knowledge of consumption. The need to blend in or stand out through the choice of a specific product or brand depends heavily on the desire to fit into the mould with friends. The psychological reactance theory and confirming tendencies explains the struggles consumers face and how they make choices to reinstate their sense of independence. Gender based differences in consumer behavior are explained by the self-construal theory. The theory postulates that females perceive themselves as part of peer groups and hence would seek products to reinstate their independence. On the other hand, males perceive their self identity as autonomous displaying behaviors and choices to blend in with peer groups. Self discrepancy theory explains the connection of cons umers to a particular brand. The theory postulates the fit which consumers identify with when purchasing a specific brand. The social comparison theory validates the use of fashion knowledge by consumers for making shopping decisions. The theory explains the feelings of competence and self esteem in consumer buying behavior. Value seeking behaviors in consumers can be explained using the premise of uncertainty reduction. Consumers feel satisfied when they get a certain product or brand which they know to be safe and guaranteed in quality. The value and reputation of the brand holds great significance here.Advertising We will write a custom article sample on What drives college-age Generation Y consumers? specifically for you for only $16.05 $11/page Learn More Theoretical Application to Marketing Managers and Researchers The study offers interesting and useful insights for the motivation fuelling the buying behavior of Generation Y. The study is a great resource to marketing professionals, advertising agencies, retailers and brand developers for understanding the mindset of Generation Y. The results of the article will help marketing professionals and retailers. Using the results of the study, marketing professionals can create the right advertisements to target generation Y. Results of the study indicated a consumer shift towards value in buying products and brands. As such, advertisement campaigns can be targeted to this section using the value quotient. Brands which offer safety, reliability and security rank high among Generation Y consumers. According to the study, Generation Y considers trust to be an important factor impacting buying decisions. Branded products offer comfort and a feel good factor to consumers. Advertisements can be made to appeal to this theme for more enhanced results. Consumers of Generation Y identify with the fashion quotient and are driven to purchase products which fit their image. Marketing campaign s can be designed to with a fashion icon whom consumers can identify with. The study will be of immense use to marketers in learning the rationale and motivation of Generation Y for buying products and brands which demonstrate traits similar to their own. This article on What drives college-age Generation Y consumers? was written and submitted by user Wyatt Gibson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.