Cell Phones And Its Effects On Society - 2122 Words

Cell phones have become a necessary evil in today s society according to some people. While cell phones can have positive effects, easy access to friends and family also with the police force, paramedics, and firefighters. The negative effects of cellphones outweigh the positives. Cellphones are dangerous and their use in today s society should be limited. From when the first cell phone was invented to the new apple IPhone 6 since coming out people have been addicted to them. People have gotten into many car accidents because of the usage of cell phones; if we restricted the use of cell phones and enforced it we would have less of a death toll when it comes to the usage of cell phones while driving. Most people think there is nothing wrong with the cell phone, but they are incorrect. Ever since the mid-1980s, cell phones have been quickly moving their way into our everyday lives, especially with the introduction of camera phones in the early part of the new millennium. As cell phones evolve they have more and more of an impact on our everyday lives and I want to just how much they are impacting. As with new technology in any other form, cell phones have changed greatly over their relatively short life spans. These changes occur a lot, so does the populations like and sometimes dislike for these new smart phones. One of the major problems occurring with cell phones in modern times is that people use them at inappropriate times such as when they are driving. The problemShow MoreRelatedCell Phones And Its Effects On Society Essay1277 Words   |  6 Pagesthe world resemble in the event that we didn t have any cell phones? Why is it that we get out of our comfort zone when we do not have access to our phones? Nowadays, cell phones have such a noteworthy effect on our day to day lives, and we owe it to the advancement of technology. In this research paper, we will take a closer look at this phenomenon by examining the evolution of cell phone devices, and it’s effects on society. Cell phones, as we know them haven’t been around for that long. The quickRead MoreCell Phone Effect on Society1526 Words   |  7 PagesClass Date Title How often do we see some people in society now a days on their phones? Whether this be to someone checking their Facebook or just messaging their friends to let them know where they are. How often could you witness to how they could cause accidents such as not paying attention when crossing the road, crime such as the increase in phones being stolen, or car accidents in the split second in which one is looking down at their phone rather than paying attention to what is on the roadRead MoreCell Phones And Its Effect On Society1400 Words   |  6 Pagespossible to carry a phone and still use it, since then there have been millions upon millions released through these forty three years of its existence, every year with a different model, system, camera, you name it, the possibilities are endless! The advantages cellular devices hold over us are massive, from calling a friend situated halfway across the world to ordering food for Memorial High School’s 5th period lunch. Another m ajor factor of our 24/7 nonstop use of the cell phone is texting. TextRead MoreCell Phones And Its Effects On Society940 Words   |  4 Pages Cell phones have been around for hundreds of years. It’s no surprise that more and more people are beginning to partake in cellphone use. Cell phones provide society with an easier way of communicating and obtaining information, but at the same time there are some negative consequences. What most people don’t realize is that cellphones are actually quite harmful to modern society. Scientifically cellphones emit radiations that can potentially produce fatal results. Overall cellphones haveRead MoreCell Phones And Its Effect On Society1480 Words   |  6 Pagesthis technology, the cell phone was created and over the years has advanced itself. The cell phone has become a necessity to many. All ages use this mobile device for either personal or business uses. Higgins states that the amount of cell phones active has increased from â€Å"one billion in 2000 to 6 billion.† Although cell phones paly an important role in the lives of many, the negative possibilitie s could cause destruction to our society. According to Russell Ware, a cell phone is â€Å"any portable telephoneRead MoreCell Phones And Its Effects On Society3111 Words   |  13 Pagesback to the office on the cell phone†, said Seven Spielberg. Everywhere you are no matter what, you will see someone in contact with his or her cell phone. The effects of them cause negative and positive outcomes within our society. Cell phones have influenced society both positive and negative ways regarding teenagers life, social interactions, emergencies crimes, and health. Cell phones have negatively affected teenager’s life in more than one way. First cell phones are a distraction to the wayRead MoreCell Phones And Its Effects On Society1698 Words   |  7 PagesTechnology and technological advances in communication, such as smartphones, were initially introduced in society to connect individuals together. However, because of the growing obsession of smartphones and technology, it becomes evident that technology is causing an opposite effect. The addiction of smart phones and technology has pushed individuals even farther apart. Further, in cell phones, an individual has a different life unknown to the people around him or her. In other words, individualsRead MoreCell Phones And Its Effects On Society Essay1839 Words   |  8 Pagesaffected by cell phones and mobile phones’ temptations have reduced face-to-face communication among people, attracted people from their study and work, and even harmed their health and life, it is urgent no w to find detailed origins behind such phenomenon of cell phone addiction and then find solutions to this serious problem. Until now, on this topic many researchers have investigated people’s average using times of cell phones per day, people’s average amount of time of using cell phones per day,Read MoreCell Phones And Its Effects On Society1991 Words   |  8 Pagesadvantage of it, but is this a good thing? Cell phones are taking over people’s lives and the pattern is going to continue if people keep using cell phones the way they are, and allowing their children to use them equally as much. One s relationships, values, and time management would all be better if cell phones were not as significant of a part of people’s lives as they have become. Howard Rheingold says it so beautifully and accurately. Cell phones and other technology is changing the world andRead MoreCell Phones And Its Effects On Society1503 Words   |  7 Pagesadvanced vocabulary. In today’s society text language, such as jk or lol, is common in everyday texting, but to past generations the use o f this language is foreign. That shows the major change that cell phones have had on society. People who were born before 1973 grew up without cell phones,and when they did finally get their first phone, they used it only for calling people. Young teens today will hang out with each other, but there is a secret tag along friend, their phones, that never seems to leave

The Impact Of International Business On Business - 1307 Words

The impact of International Business International business, defined as commercial transactions that take place between two or more countries. International business grew over the last half of the twentieth century, partly because of liberalization of both trade and investment, and partly because doing business internationally had become easier. International business is different than domestic business, because of environmental changes a company faces when crossing international borders. A company normally has a better understanding of its domestic environment than with the environment in other countries. When a company enters a new country they must invest more time and resources into understanding the new environment. (Punnett, n.d.)†¦show more content†¦Companies using this strategy set themselves apart from the competition. An example of a company using this strategy is Starbucks. Their differences can be seen in the design of their coffee shops, the music they play and the products they sell, such as coff ee-brewing equipment and CDs. Starbuck also makes sure to keep the technology current, Starbucks was one of the first companies to implement location-based promotions and mobile payments. Going to Starbucks for a cup of coffee you will pay a premium price, however, due to the fact that Starbucks offers high quality products, people feel like they are getting a good deal. One of the main goals of a business is to gain advantage on their competition. One way to gain advantage is to conduct a value chain analysis, which studies what an organization can do in order to generate a competitive advantage, while providing the greatest value to their consumers. The analysis involves identifying each part of the chain and seeing where improvements can be made from a production standpoint or a cost perspective, to guarantee that consumers get the most bang for their buck. It can benefit a business in the long run, when consumers are getting the most out of a product for the cheapest cost value to consumers. â€Å"The value chain analysis looks at each of the activities in the value chain to determine what steps are necessary and which are not in an attempt to boost the company’s bottom line.† (Brooks,Show MoreRelatedThe Impact Of International Business On Business Environment Essay1633 Words   |  7 PagesIf the firms, which enter the international market, are ineffective at risk management, this is a risk in itself for Governments, as it can lead to economic inconsistencies. International business differs from domestic business for a variety of reasons, including as culture, labour and environmental standards, foreign exchange and political, economic and legal systems. The main reason for why there is such a significant difference between the two types of business is due to the increased risk associatedRead MoreImpact Of Globalization On International Business828 Words   |  4 Pagesprocess of international business. Many of the items we are using at th is very moment are imports, products produced in another country. Many businesses today rely on exports, products produced in their home country and shipped to other nations. Every country relies on imports and exports. Wether a firm is expanding to another nation or uses imported goods, international business is always involved and will affect the business model. Factors that will affect and alter the international marketplaceRead MoreThe Impact Of Terrorism On International Business1268 Words   |  6 PagesOur paper explores the interesting phenomena of terrorism on international business. Grounded in the grave reality of terrorism and the international business literature, our research conceptualizes this compelling topic into a practical model worthy of future research. Unfortunately, the current data does not provide statistical evidence to support the unique firm level predictions from the conceptual model. However, our exploratory research leads us to believe that the lack of sensitivity in ourRead MoreImpact Of Management On International Business Essay804 Words   |  4 PagesImpacts of Management in International Business A multinational business will face many ethics challenges, but with the right management and the right training, these challenges can be dealt with in an effective and ethical way. It’s sometimes hard to understand the thoughts one may have when making a decision that is unethical. The best thing to do is to think through all options you have and options you think you may not have before taking action. Businesses starting in a new country willRead MoreImpact Of Globalization On International Business2183 Words   |  9 Pagescompanies in disparate locations. .. THE IMPACT OF GLOBALIZATION ON INTERNATIONAL BUSINESS. International business refers to a wide range of business activities undertaken across national borders. Along with rapidly increasing globalization, international business has become a popular topic and has drawn the attention of business executives, government officials and academics. International business is different from domestic business. At the international level, the globalization of the world economyRead MoreImpact Of Globalization On International Business2183 Words   |  9 Pagescompanies in disparate locations. .. THE IMPACT OF GLOBALIZATION ON INTERNATIONAL BUSINESS. International business refers to a wide range of business activities undertaken across national borders. Along with rapidly increasing globalization, international business has become a popular topic and has drawn the attention of business executives, government officials and academics. International business is different from domestic business. At the international level, the globalization of the world economyRead MoreGlobalization and Its Impact on International Business Essay1558 Words   |  7 PagesGlobalization’s impacts on international business†¦..7 The road ahead for international business†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦9 Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..11 Reference†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Introduction Every day we hear it on the news, read it in the papers, overhear people talking about it†¦ and in every single instance the word globalization seems to have a different meaning. So, what is globalization? What are its main drivers? Why and how does globalization impact international business? What’s the futureRead MoreThe General Impact of Management in International Business1075 Words   |  5 PagesNowadays the international trade has a considerable extension; the exchange of goods, services, and natural resources is making in all over the world. Transportation and communication become quicker with the precious aid of the new technology. Often, several companies move from their native country to another one. The world is seen now as a global market where a diversity of societies is appealed to deal together. So, the management must from now on be considered in larger sense as several countriesRead MoreThe Impact Of Logistics Innovations On The International Business E ssay1509 Words   |  7 Pagesare constantly developing for meeting the growing requirements of international business. The innovations in logistics are crucial, which can not only stimulate the emergence of international business around the world, but also further promote its efficiency and scale. This essay will focus on the innovations in modern logistics, taking 3PL as an example to discuss the impacts of logistics innovations on the international business. It will firstly make a brief introduction of 3PL, then followed byRead MoreImpact of International Business on the Global Economy4621 Words   |  19 Pages119 THE IMPACT OF INTERNATIONAL BUSINESS ON THE GLOBAL ECONOMY Niki Geiersbach Abstract With the dawn of globalization, international business is becoming increasingly popular. Multinational organizations are among the most profitable in the world. A company needs to be aware of the language and culture of the country where it plans to embark with its investment. Politics and laws of the nation can either make international business easy or hard. With the success of international business, its future

Financial Accounting Theory Standards Board

Question: Discuss about the Financial Accounting Theory Standards Board. Answer: Introduction: Intangible assets are very important part of the asset structure of any company. It can be defined as the identifiable non-monetary assets that cannot be seen, touched or physically measured. An intangible asset can be created or acquired. There is attributed value to any intangible asset (Deegan 2013). These assets provide useful support for a company to continue its business effectively. Goodwill, patents, licenses, RD, copyrights and much more are examples of intangible assets. Australian Accounting Standards Board (AASB) defined intangible asset reporting standard in the 138 part of the reporting standard. This assignment discusses the compliance of AASB 138 in the annual report of two Australian giant companies Woolworth and Telstra. Woolworth is a supermarket and Telstra is a telecommunication company. The intangible asset report analysis of Woolworth is in the first part and the analysis of Telstras intangible asset report is in the second. The analysis is done according to AASB. Review of Woolworths and Telstras Financial Report on Intangible Assets: Woolworths 2016 Annual Report Analysis: Woolworths 2016 annual report on intangible assets consists of goodwill, brand names, liquor and gaming licenses and others. They classified their intangible assets in four groups: goodwill, brand names, liquor and gaming licenses and others. Their intangible assets identification conforms to Australian Accounting Standards Boards (AASB) number 138 standard regarding disclosure of intangible assets in the financial report (Yao and Hu 2013). The assets mentioned in the report as intangible assets in the financial report are identifiable, have some value, lacking in physical substance, non-monetary, controllable and carry future financial benefits. These assets are not intangible assets in the scope of other standard, financial assets as per AASB 132 (Steenkamp and Steenkamp 2016), exploration or evaluation assets as per AASB or expenditure on development and extraction of oil, minerals and related sources. Every intangible asset has got a useful life. Fair value is allocated to them. These assets can be sold, separated, transferred, rented or exchanged individually or with another asset. Many of these assets arise from legal or contractual rights. The costs of these assets are calculated accurately. There are no internally generated intangible assets in the report in the intangible asset section. The Cost Model and Revaluation Model are used for valuation of the assets. The intangible assets with finite useful lives are properly amortized and those with indefinite useful lives are tested for impairment (Russell 2015) in compliance of AASB 136. The report discloses the following information about the companys intangible assets. Finite or infinite useful lives of the intangible assets. Used amortization method for an intangible asset with finite useful life. Gross carrying amount and accumulated amortization at start and end of the period. Carrying amount reconciliation at start and end of the period. Reasons for considering an intangible asset to have an indefinite useful life. Detailed financial report on the Cash Generating Unit groups. Woolworths intangible asset section is quite detailed and conveys much information about the company assets. Being a large company, their goodwill, different brand names, various licenses are of immense value. The report shows that the cost of their intangible assets is around $6000 million (www.woolworths.com 2016). Telstras 2016 Annual Report Analysis: Telstra is Australia largest telecommunication company. Their 2016 annual report contains the following intangible assets: goodwill, licenses, software assets, deferred expenditure and other intangibles. Telstras annual report is the perfect example of an AASB 138 compliant report. This report covered all the aspects of the companys intangible assets. The entire asset related and the valuation-related information is given to help the user of this information to understand (Rindova and Martins 2012). The report lists all intangible assets of the company excluding the intangible assets which will be applicable in another standard, financial assets as per AASB 132, evaluation and exploration assets as per AASB 6 and mineral, oil and related resources extraction and development expenditures. The intangible assets definitions include asset, active market, cost, fair value and useful life. The assets are easily identifiable, without physical existence and non-monetary in nature. The assets are going to give benefits in future and their cost can be reliably measured. The internally generated intangible assets are not included. The Cost Model and Revaluation Model are used for valuation of the assets. The intangible assets with finite useful lives are amortized and the ones with infinite useful lives are tested for impairment in accordance to AASB 136. The annual report discloses the following information about Telstras intangible assets: Gross carrying amount and accumulated amortization at start and end of the period. Reconciliation of carrying amount at start and end of the period. Methods of amortization used for intangible assets with finite lives. The statement of income that includes expenses for amortization. Reasons for considering an asset having an indefinite useful life. Related information about the intangible assets. Assessment of impairment. Details of Cash Generating Units and its goodwill allocation Calculation of Value in Use. Telstras annual report on intangible assets contains all the required components as specified in AASB 138 (www.aasb.gov.au 2016). It conforms to that perfectly. All the required information can be easily found in this report. Their total annual intangible asset in 2016 is around $10000 million (www.telstra.com 2016)! Comparison of Woolworth and Telstras Intangible Asset Report: The 2016 Annual Report of Woolworth and Telstra are both compliant with AASBs 138 standards. However, there are some differences in the presentation and disclosure. Woolworths report is brief; it covers only the essential aspects of disclosure of intangible assets. There are not many details about the various intangible assets in details. Many statistical and numerical data is also missing which might be a key piece of the report. So, at a glance, Woolworths report on intangible assets is adequate but not highly detailed. On the other hand, Telstras report is highly detailed in the intangible assets section. It gives all the numerical and statistical information of the various intangible assets. The user will get a good look at the money flow of various assets. There is also a detailed description of the intangible assets and their measurement methods to help the user in reading the information properly. The amortizations and impairments are shown in the proper manner for the reader to understand (Arrighetti and Lasagni 2015). So, in comparison with Woolworth, Telstras report is much more informative and detailed. Conclusion: An intangible asset is an important part of any companys asset structure. It improves balance sheet health of the companies. So the companies need to give a detailed report about their intangible assets in their report. The measurements also need to be shown to give a detailed numerical view. AASB 138 is the standard for intangible asset reporting in Australia. The Australian companies Woolworth and Telstra has successfully incorporated their intangible asset report in the annual report of 2016 in compliance with AASB 138. Telstra has adopted a more detail based approach to creating the report. Woolworths report is adequate. References: Arrighetti, A., Landini, F. and Lasagni, A., 2015. Intangible Asset Dynamics and Firm Behaviour.Industry and Innovation,22(5), pp.402-422. Deegan, C., 2013.Financial accounting theory. McGraw-Hill Education Australia. Rindova, V.P. and Martins, L.L., 2012. Show me the money: A multidimensional perspective on reputation as an intangible asset.The Oxford handbook of corporate reputation, pp.16-33. Russell, M., 2015. Management incentives to recognise intangible assets.Accounting Finance. Steenkamp, N. and Steenkamp, S., 2016. AASB138: Catalyst for managerial decisions reducing R D spending?.Journal of Financial Reporting and Accounting,14(1). www.aasb.gov.au [Accessed on 20th Sep. 2016] www.telstra.com.au [Accessed on 20th Sep. 2016] www.woolworths.com.au [Accessed on 20th Sep. 2016]