How Muhammad Established Islam As A Major Political And Religious Force In The World Essay Example for Free

How Muhammad Established Islam As A Major Political And Religious Force In The World Essay While Muhammad was living with his wife Khadija, he often went to a cave outside Makkah called Hira, where he would reflect and pray. During one night in 610CE, when Muhammad was 40, he was in a cave on Mount Hira. God revealed himself to Muhammad. This was called the night of power, and it relates in Surah 95 of the Quran, which is entitled The Blood Clot. When Muhammad returned home, Khadija became his first believer. Then his cousin Ali, a freed slave called Zayd, and one of his closest friends, Abu Bakr, all became followers. There started one of the great religions of the world. Muhammad had a strong belief that there was only one God, the creator. He believed that all humans should be equal in their relationship with this creator. This undermined the tribes of Makkah who, especially the Quarish, rose up against Muhammad and his followers. All through his life, Muhammad fought to establish Islam, to gather followers, and to create a substantial political force. In the 22 years after the first revelation, until Muhammad died in 632CE, God delivered the Quran to Muhammad, his messenger. By the time that God had finished revealing the Quran, Muhammad had moved to Madinah. Hence we get Makkan and Medinan verses. The Makkan verses are usually shorter, more judgemental, and are found towards the end of the Quran. After the second revelation, the night journey, Muhammad migrated to Yathrib, 40 miles north of Makkah, to settle disputes with the pilgrims from that town. He went there with family and followers in 622CE. When he arrived, he built a house, which was later to become the first mosque. He then renamed the town Madinah. This is where the central community was established. After Muhammad died, no one knew if he had named a successor. Usually, it would pass to his eldest son. In the end the leader was chosen by the Muslim community as a person of great personal integrity. This is the belief of the Sunni branch of Islam, who did not want a government, but they wanted to rely on an authoritative ruler. The Shia branch believes that the early history was biased against Ali, Muhammads cousin. When Ali did become the leader, those who believed Ali to be the true successor formed the separate Party of Ali. The Shia branch wanted a leader from the family of Muhammad. Islam was greatly diversified by the achievements of the first four caliph successors to Muhammad. Here is who they are and what they achieved in their rule: * Abu Bakr (632-634 CE) He and his armies conquered Arab tribes, and they went as far as the Byzantine Empires borders. Abu Bakr had more than a personal belief of Islam and he had a belief of political ideology. * Umar (634-644 CE) He continued after Abu Bakr and captured Jerusalem and North Africa. * Uthman (644-656 CE) After Ali turned down the caliphate, Uthman was chosen and he expanded the empire through North Africa and Eastwards to India and China. * Ali (656-661 CE) He made Muawiya co-caliph, a disastrous move. Two parties were formed, one supporting Ali, the other supporting Muawiya. Islam today is the second largest religion in the world and it is growing fast. It is significant in the modern politics. It also contributes to art, music, architecture and philosophy. The religion has grown to have over 2 billion followers. However recently Islamophobia has stepped in. Islam has been treated very cruelly by the western media in the last few years. However Islam means to surrender, or submit, and it is linked closely to another Arabic word meaning peace. Indeed a Muslim is one who surrenders.

Impact of Icebreaker Tasks on ESL Speaking Ability

Impact of Icebreaker Tasks on ESL Speaking Ability CHAPTERÂ   Background and Purpose Introduction Speaking is the most demanding skill among English learners and over the past decades, increasing interest in different aspects of improving speaking ability has triggered a variety of investigations, and theoretical discussions that have shed light on improving this ability. Icebreakers will be used in this study to improve speaking ability in adult upper-intermediate EFL learners. Ice breaking means breaking the ice between learners and using ice breakers to encourage students to interact all together. Statement of Problem The lack of proper speaking activities to improve oral production in adult EFL students of upper-intermediate level, results in a poor performance when speaking. This project expects to find valuable information that contributes to overcome the problems adult EFL students of upper-intermediate level face when speaking in the target language in the classroom. Theoretical Framework Speaking skill is as crucial as any other language skills. Shumin (1997) states that learning to speak a foreign language requires more than knowing its grammar and vocabulary. Learners should acquire the skill through interaction with each other. However, it is difficult for EFL learners to speak appropriate English in the classroom because of the limited language use in their real lives. Ice breakers are discussion questions or interaction activities used to help participants relax and ease in learning situation (Dover, 2004). The primary goal for an ice breaker is the development of an environment that is anxiety reducing and, which allows individuals to break the ice or get acquainted with having fun. Pillai (2007) mentions the purpose of ice breakers as helping new and shy students strike a conversation, developing communication skills and team building, breaking cultural barriers among students, promoting a sense of trust and friendship between students, encouraging students, and preparing them to learn by stimulating their minds and/or their bodies. Forbes-Greene (1984) defines icebreakers as tools that enable students to foster interaction, encourage creative thinking, challenge basic assumptions, explain new concepts, and introduce specific material. According to Varvel (2002) ice breaker is an activity used to help individual ease into the group setting. Also, Wright (1999) defines ice breaker as opening communication among students as between teacher and students. Jenkins (2011) argues that ice breaker should be dynamic and simple so as to satisfy students need to establish an appropriate social relationship with other students and teachers and also preview the style and content of the classroom event. According to Sapp (2007) principles of successful ice breakers are as follows: Simple Non-threatening Open ended Relevant Energizing Witkowski (2000) states that some elements should be considered in designing an appropriate ice breaker in the classroom. He listed these elements as follow: Objective Audience Time management Control As a matter of fact, we can say that how well students do in class depends mostly on how well teacher breaks the ice between them. From this point of view, English teachers should reconsider the methodology they can apply in their classes and try to improve their teaching ability. Purpose of the Study In terms of skills, producing a coherent and fluent piece of speech is probably the most important thing there is to do between EFL learners. The present study investigates ice breaking tasks as activities that presumed to play a role in EFL speaking classes. The first question this study tries to answer is whether or not providing students with ice braking tasks as their classroom activities will exert any impact on their speaking skill. According to Peterson (2010), beginning your lesson plans with a five-minute ice breaker can serve to focus your students on the topic, open up creative thinking and help them to apply the learning in new ways. According to Leblanc (2011) ice breaking activities will help students to turn off the outside world and focus on the task at hand. By the end of the ice breaking activity, every student will be ready to learn and being able to focus on their language lesson. Then, a teacher will reach every student and will help their students achieve their language goals. In any classroom, there always are students who are more reticent and are willing to let others do all the participating. By engaging students to take part in a low-risk, ice-breaking activity, teachers will reach every student and will help their students achieve their language goals. Based on the problems and purpose of study, the following research questions were proposed: Does providing students with ice- breaking tasks have any effect on their speaking ability? To what extent ice-breakers improve speaking? What factors can be considered in testing speaking ability of EFL learners? What is the effect of using ice-breakers in improving every factor that considered in testing learners speaking ability? What is the correlation between using ice-breaker activities and students gender? When teachers use ice- breaking as a strategy to improve oral ability in English classrooms? 1.5. Significance of the Study In the age of internet and information technology, speaking English has become so important and many EFL instructors and supervisors understand the essence of the speaking process. Learning to speak English fluently is important to most of the students. Thus, helping students to develop speaking skills is a demanding enterprise for teachers. Using a good ice breaker is important to an English language lesson, as it sets the students up for success on many different levels. According to Flanigan (2011) performing ice breaking activities in English class will help students be in the right frame of mind to learn. Also proper ice breaking activities ensure that students will get the most from their class and they will have fun. 1.6. Research Design and Methodology 1.6.1. Research Design Since real random selection of the subjects is impossible, the researcher made use of intact groups based on the results of students previous general English test scores. Therefore the design which can fit this study is the quasi-experimental design with the pre-test, post-test pattern. In the current study ice breakers are the independent variable and speaking is the dependent variable. Thus the effectiveness of ice breakers, the amount of improvement, factors that can be considered in testing speaking ability, and effect of using icebreakers in every factor will be analyzed quantitatively by data analysis of pre-test and post-test, and qualitatively by analyzing teachers view point about the usefulness of ice-breakers. 1.6.2. Setting and Participants After administering the sample speaking IELTS test, on the basis of the result, 100 students, whose homogeneities is confirmed-will be selected and divided into two groups ,one as the control group and the other one as the experimental group. Coming from different departments such as Science, History, Literature, Computer Science and Civil Engineering, Both groups will attend English classes two times a week throughout the semester (about 18 sessions, 3hours each session). 1.6.3. Data Collection Instruments For collecting data, two instruments have been used in this study. The first ones are different kind of ice breakers that have been gathered from related standard sources. The second instrument is interview with teachers. As we will explain latter, it will elaborate in order to identify some aspects related to the teachers’ point of view about the usefulness of ice-breakers in upper-mediate level, and the students reaction to these kinds of activities. 1.6.4. Data Analysis As it was mentioned earlier, there is a six fold purpose that will promote the present study. This research is mainly an attempt (a) to examine the probable effect of ice breakers on the speaking ability of EFL students at upper-intermediate language proficiency level, (b) to investigate the amount of ice breakers effect, (c) to investigate factors that are considered in testing speaking (d) study the effect of using ice-breakers in improving every factor,(e) measure the correlation between using ice-breaker activities and students gender,and (f) the conditions in which the teachers use ice breakers to cope with reticence in oral English language classrooms. Data for this study obtained from pre-test, post-test, and interview with teachers. Then in order to do statistical analysis, the SPSS software is used. 1.7. Limitation and Delimitations of the Study 1.7.1. Limitations As many other studies, this study suffers from some limitations, those conditions beyond the control of the researcher that may place restrictions on the conclusions of the study and their application to other situations (Best Kahn, 1989, p.38). It seems that the following factors have limited this study in one way or another: 1. As a matter of fact, in order to give every single member of a population an equal chance to be included in the sample, random sampling is needed. Yet the type of sampling, which was employed in this study was the available group selection, i.e. instead of individual subject selection, there was group selection. 2. Subjects social classes were certainly ignored as well. 3. Teachers age, gender, and social class were ignored, too. 4. The number of subjects was limited to 100 and the extension of the experiment was limited to one term. 5. The generalizability to other language proficiency levels needs further research. 1.7.2. Delimitation In order to meet the criterion of manageability and to permit a satisfactory analysis of the results, narrowing down and delimiting the problems in any study have proved to be inevitable. This study is no exception; therefore, through a number of delimitations, the researcher tried to set the boundaries of this study: 1. What this study aims to investigate is the impact of ice-breakers on speaking ability of EFL Turkish students, not on any other aspect of their proficiency. 2. The participants were chosen from amongst the male and female undergraduate Turkish learners who are improving their English level in the American Culture Institute in Erzurum. 3. To reduce the subject anxiety during the speaking, the examiner was the students own teacher. 1.8. Outline of the Study Chapter one provides a general introduction to the study. In this chapter the purpose of the study, research questions, hypotheses, and limitations of the study were discussed and key terms were defined. In chapter two, the researcher reviews the literature related to the theoretical and empirical background to speaking, ice-breakers, and their effects and functions. Chapter three deals with methodological issues such as participants, data collection, procedures, research questions and hypotheses, etc. Chapter four is concerned with data analysis and discussion of the results. In the final chapter, we draw some conclusions from our analysis, discuss conclusive results, and provide implications for further research.

Essay --

I. GREEN FLOAT PROJECT The world’s first floating nation is set to be located in the islands of Kirabati. The islands are quickly sinking due to rising sea levels. Currently they are located only six feet above the sea level. Actions are being taken to save the islands by literally placing the current islands onto reconstructed man-made islands and building a city in the sky on top. Anote Tong, president of Kiribati, knows that this plan is drastic but he feels it is necessary to save the islands. Kiribati has invested in many other initiatives to stop the impending fate of the nation, though due to lack of funding he has not been able to implement them. He believes a project like this will attract international funding because it is a sustainable solution that will work not only for Kiribati but for other similarly situated areas. A cutting edge Japanese company called Shimuzu Corp. came up with this ambitious plan to prevent the impending loss of Kiribati. The project is being called the city in the sky as well as the green float project. The costs are estimated to be upwards of three hundred and seventeen billion dollars. Future units are going to become cheaper overtime. Each tower unit will be built to house thirty thousand people, and will also provide space for commercial activities. The units are going to be able to be connected to accommodate a combined one hundred thousand people. The base of the islands will be constructed with impenetrable materials that need little maintenance but are extremely costly. These man-made islands are referred to as lily pads. They will be three thousand meters wide and one thousand meters tall. The bases of the islands will be completely secured; they are set ... ...lar to receiving a reward for contributing green energy into the grid, the May initiative gives rewards for people who in their private property develop facilities and other means to accommodate excess water. Similar in certain respects to the LiFe project, this initiative is different in that property owners do it completely individually. The government would reward or compensate people for their capacity to control water on their property. Some examples of initiatives that will be rewarded will be homeowners with large areas of permeable land, reservoirs, and many more. This initiative will not only help with flood relief but also will result in education about climate change. It will give people a reason to become responsible for their actions and become conscious of their actions climatically. Monetary rewards will bring interest into joining the initiative.

Brians Song Essay -- Brians Song

Brian's Song   Ã‚  Ã‚  Ã‚  Ã‚  This is a true story about how 2 men, Brian Piccolo and Gale Sayers, completely different from each other from and inceperable bond. The 2 men are seperated by about everything that you can think of: they come from 2 different parys of the country, one is white, one is black, 1 liked to talk, the other was shy. Pretty much the only thing they had in common was that they both were competing for the same job.   Ã‚  Ã‚  Ã‚  Ã‚  This book takes place in and around the Chicago area. Gale and Brian are both trying to get the spot as the Chicago Bears starting halfback. They both are rookies.   Ã‚  Ã‚  Ã‚  Ã‚  The book begins on the training camp field of the Chicago Bears. Gale pulls up in a taxi. Brian immediately comes up to him and greets him. Brian tells Gale to go talk to Halas (Bears Head Coach). Brian also tells Gale that Halas is deaf in his left ear so stay on the right side when he is talking to him. Gale procceds to go to the coaches office. When Halal and Gale are speaking Gale keeps manuevering to get to the coaches right ear. Halas notices this akward behavior and askes him what he is doin. he alsmost tells his coach but he has realized he has gotten tricked. Next, the team is in the dining hall when Brian is volunteered by a coach to sing his almamaders (Wake Forest) fight song. This is how the books gets its title.   Ã‚  Ã‚  Ã‚  Ã‚  I fast forward to after practice JC Caroline has to have a meeting with Gale. He notifies Gale the him and Brian will be rooming together. T...

Film Analysis :: essays research papers

Film Assignment I have this opinion that America â€Å"a land of opportunity† and also a â€Å"rat race.† Why I say both of them? First, it is because, for me, America is a land of opportunity. Everybody has the opportunity to work as long as they have the willing to work, the work ethic. It’s just not everybody has the willing to work because the government will support those people who are unemployed. Like foreign students for example. The INS gives foreign students the â€Å"practical training† permit, so they can use it for working in the US after they finish their school. Even though it’s only a one-year permit, at least they have the opportunity to look for a company who is willing to be their sponsor for applying for the H-1 visa. Like in the movie It’s a Wonderful Life. When George Bailey got bankrupt, he has another chance to make everything back to normal if he wanted to. However, when we look at the â€Å"individual social mobility, it makes Amer ica a â€Å"rat race† country. Since America is known as a land of opportunity, which will lead into a â€Å"rat race† because people may want to accomplish or fulfil their goal. Everybody is trying to get the highest position in his or her job. Everybody is trying to make higher profit in his or her life. They will do anything to get into that â€Å"position† even though they have to do something illegal, something bad, something deceitful, corruption. Everybody is competing and just thinks about him or her self. Like in the Glengarry Glen Ross, everybody is trying to keep his job there. They have to make the highest profit or they will lose their job, and that makes some of the officers rob the office. It’s a beautiful life is a kind of family movie that has a happy ending. When I watched it, I got so depressed in the middle of the movie because everything happens is just like a tragedy. That is the basic story after all. George Bailey has been dealt a savage blow and is contemplating suicide at his lowest ebb. It takes an apprentice angel to put it all in perspective and remind him that joy in life should never be eclipsed by any setback. After all how many of us can empathize with a penny pinching self centered old grouch versus a good man faced with letting his family and friends down.

Building Community: The Neighborhood Context of Local Social Organization Essay

Using the data in the table provided on pages 20 and 21, what can you say about the relationships people have with their neighbours and immediate community? Provided is a table, which was taken from a study by the research consultancy ICM on different aspects of neighbouring. This table looks at the responses of people to answers on neighbouring, using different groupings. On the top, the general heading shows the gender, age, social class and regions. The horizontal axis identifies the answers that were give, lead by the weighted base. The header gender divides into three subheadings, the total of all the people that were asked separated into male and female. The next general heading- the age_ divides into 6 different age groups, beginning at the age of 18 and ending in 65+. From the age of 25 there is an increase of 9. Social class, another general heading is separated into 4 subheadings, while the general heading regions divides into 5 subheadings. So, the horizontal axis describes some characteristics of the people which were asked. What are the main patterns in this table? The row gender, here divided into male and female, doesn’t reveal any huge differences in the percentage of how those questions were answered. The percentages are quite close together. The row social class, with 4 different subheadings, reveals, that there is only one huge difference in question one: â€Å"I have a very good relationship with my neighbours†. Class AB with the highest percentage of 46% and Class C2 the lowest with 32%. A difference of 14%. Wales & South West, as one subheading of the general heading region, seems to have the best relationship with their neighbours with a percentage of 42%, examining answer one, followed by the Midlands. But here also, it is only a difference of 10% in total in comparison to Scotland, where it is 32% The biggest difference of a good relationship to neighbours is to find at the general heading age. The subheading 25-34 has a better relationship to their neighbours (25%) than the age group 18-24(18%). But this increases remarkable up to the age group 65+ with a percentage of 59%. What are the interesting features? The pre-given answers are divided into positive answers(6), such as:†I have a very good relationship with my neighbours† and negative answers(6) such as:†I don’t have a very good relationship to my neighbours†. Only one answer is kind of neutral. Throughout all subheadings, the answer:†I spend a lot of time with my neighbours† are answered quite similar, the biggest difference here is 6%, at the age subheading again. Also, the neutral answer has similarities in terms of percentage. The table shows, that even that you have a very good relationship with your neighbours, does not necessarily mean, you spend a lot of time with your neighbours. References: Source:ICM(2011) Good Neighbours Survey:Prepared on Behalf of Band and Brown by ICM Research.London,ICM Research Ltd. End of TMA03 part one Word count: 497 TMA03 Part 2 Examine the argument that â€Å"Good fences make good neighbours† 1.Social identity 2.Relationship with neighbours 3.Good fences do make good neighbours 1. What is a social identity? According to Taylor(2009), the term identity is widely used but rather difficult to pin down. People have many different identities. A different identity (a group or collective identity is also given by difference from other groups),for example, being a woman,not a man and so on. A group or collective identity is both individual, saying something about a particular person, and social, because it refers to others who are similar or different. An identity given by connections to other people and social situations is social identity. Those different social identities can  overlap, which means, the definitions are not mutually exclusive. Some kind of a relationship for example can be people in the same street that see each other and say hello to each other-they share a relational identity as neighbours, a collective identity as local residents. In most situations, people understand identities in terms of what people do rather than what they are. The sociologist Harold Garfinkel suggests, that social life is in constant motion. People also have the skills and knowledge to create and maintain social order. Social order, which regulates everyday social interaction between neighbours, often consists of contradictory obligations and norms, which have to be negotiated in the course of everyday social life in the street.(Byford,2009,p.267) As described by Joanna Bourke people developed for example an distance mechanism to maintain a good relationship to their neighbours. 2. Everybody needs good neighbours? Neighbours are expected to have a â€Å"general disposition towards friendliness while , at the same time, respecting others† â€Å"need for privacy and reserve† (Willmott, cited in Byford,2009,p.253) Depending on a variety of factors such as age, cultural background, socio-economic status and also personal characteristics as well as personal preferences makes up the individuals relationship to a neighbour. There is no â€Å"code of conduct† or a manual, how to behave as a good neighbour, however people acquire over times knowledge through socialisation, through the practice of being a neighbour. Life in a neighbourhood is ordered and structured. There are rules, habits and conventions, which regulate how people live together and interact in the street.(Byford,2009,p.262) When neighbouring goes wrong usually communications breaks down. In todays society a mediator is brought in, to re-establish communication, and neighbours should resolve their problems themselves. 3.Why does a fence makes a good neighbour? Part of any streets infrastructure are timber fences, hedges, walls, gates curtains and other structural artefacts that are designed to keep residents apart rather than bring them together. The expression â€Å"Good fences make good neighbours†, captures the essence of a paradox that permeates life in every  neighbourhood. Neighbourhoods are, or are expected to be communities of people living together, while, on the other hand, they are a collection of distinct homes inhabited by individuals, families and households whose privacy is guarded from intrusion by outsiders, including neighbours.(Byford,2009,p.251) With the word fence is not just only actually the physical fence meant. It also means those structures mentioned above. Everybody wants and needs good neighbours, but also everybody wants and needs privacy. An example given by Byford on page 251 when he looked at buying a house. He was told, how great the neighbourhood was, how kind and nice the next door neighbours wer e. On the other hand most of the time the neighbours weren’t even there. Conclusion A good fence does make a good neighbour. â€Å"Fences† are there, to keep the neighbours at a distance people want them to be. References: Taylor,S.(2009)†Who do we think we are? Identities in everyday life† in Taylor,S.,Hinchcliffe,S.,Clarke,J.and Bromley,S.(eds) Making Social Lives,Milton Keynes,The Open University Hinchcliffe,S.(2009)†Connecting people and places† inTaylor,S.,Hinchcliffe,S.,Clarke,J.and Bromley,S.(eds) Making Social Lives,Milton Keynes,The Open University Byford,J.(2009) â€Å"Living together,living apart:the social life of the neighbourhood in Taylor,S.,Hinchcliffe,S.,Clarke,J.and Bromley,S.(eds) Making Social Lives,Milton Keynes,The Open University End of TMA03 part 2 Word count: 658

Complying with International Accounting Standards

Title: Contrast and compare the method and footing upon which Nike Corporation studies on foreign currency deductions in footings of IAS 21 and all other relevant IAS IFAS ordinances. In the event if the company reports harmonizing to international criterions, discourse the deductions in relation to the criterions applied in the Home state of the corporation. Introduction Globally, there are figure of accounting criterions, most of all, two primary accounting criterions are International Accounting Standards implemented by the International Accounting Standards Board ( IASB ) and the Generally Accepted Accounting Practice of the USA, which is implemented by the Financial Accounting Standards Board ( FASB ) . Accounting Standards are set of accounting regulations that govern the manner in how the histories ( fiscal statements ) of a corporation is displayed At an international degree, it is the duty of The International Federation of Accountants ( IFAC ) to regulate accounting organic structures in regard of conformity with accounting criterions. The aim of the federation is to â€Å"develop and heighten world-wide accounting profession with consonant standards†1 and integrated coordination within the profession. Where a concern has an international dimension, it must adhere and follow with the international accounting criterions. In add-on, conformity with IAS will help international concerns and international investors to interpret the relevant accounting information of the internationally trading concern. For illustration, to contrast a Gallic company with an Australian company it is needed for each company to expose their accounting information in an suitably comparable method. DEFINITION OF IAS IAS include a figure of criterions, each criterions trades with assorted accounting issues associating to foreign minutess and other minutess that do non hold a domestic component and therefore necessitate to be regulated at an international degree. International Accounting Standard 21 is used for the prescription of the standard signifier of including foreign currency minutess and foreign operations in the company’s fiscal statement. Additionally, it prescribes the interlingual rendition of fiscal statements into a presentation currency. The troubles underscoring this rule are finding the employment of an exchange rate and the describing the effects of alterations in exchange rates in the fiscal statements. Following are some of the cardinal accounting nomenclature used under IAS 21.8: Functional currency/measurement currencyis the currency of the primary economic environment in the legal residence of company’s operation. Presentation currency is the currency in which fiscal statements are presented. Exchange difference is the difference ensuing from a transition of certain units of a one currency into another currency at a different exchange rate. Foreign operation relates to the activities that are based in another state other than the coverage endeavor this include a subordinate of the parent company, associate, joint venture or a subdivision. The measuring and presentation of fiscal statements under IAS 21 was superseded by IAS 21 ( revised 2003 ) ; this alteration is the effect of the effects of alterations in Foreign Exchange Rates. This was effectual on one-year fiscal periods get downing on or after 1stJanuary 2005. ISA 17 requires that revenue enhancement related issues must be compiled in fiscal histories in conformity with the IAS by exposing assets taken on rentals on the balance sheet 2. Under IAS 29.39 ( B ) and 40 corporations are under duty to place the use of methodological analysis in using IAS 29 as a revelation policy of the accounting criterions 3. ISA 39 is used for the measurement and valuing assets and fiscal liabilities that in foreign currency. ISA 21 concerns the exchange rates in change overing foreign currency fiscal assets and liabilities into national currency by utilizing the end-month exchange currency rate 4. APPLICABILITY OF IAS International Accounting Standards are set of elaborate list of regulations prepared for comptrollers and companies for the conformity in the production of accounting statements. International Accounting Standards Board ( IASB ) under ( SIC 30.7-14 ) permits some endeavors in other states in a hyperinflationary environment like the USA to utilize USA dollar other than utilizing the measurement currency. In the event that a corporation applies this allowance, the corporation must guarantee that impacts of hyperinflation are suitably addressed ( ISA 21.36 ) 5. However, must follow the right process by repeating the local-currency IFRS fiscal statements to the mensurating unit current at the balance sheet day of the month [ IAS29.7-8 ] [ SIC-19.5-9 ] , so, utilizing the year-end exchange rate, to interpret the fiscal statements into the stable currency for all periods presented. SIC 19 articulated that the commissariats for fiscal information must be utile to reflect the pecuniary kernel of the cardinal events and fortunes that are relevant to that company. Furthermore, the use of currency to mensurate points in the fiscal statement must be tailored to supply information sing the company. The measuring of foreign currency points must be treated as foreign currency in the fiscal statement and the construing of fiscal statement. Inevitably, there are no commissariats under the International Accounting Standard 19 for corporation to randomly take to accommodate steps for the turning away of repeating fiscal statements that are treated in the currency of a â€Å"hyperinflationary economy† . Hyperinflationary economic system has the undermentioned component: the accretion of non-economical assets in a stable foreign currency ; the look of well stable foreign currency is known as a financial sum, these being capital goods, rewards and rent. Price index interconnects to pricing, pay of workers and the involvement rates. Under IAS 29.3 ( a ) ( vitamin E ) the cumulative rising prices rate over three old ages will near or transcend 100 % . Finally, the pricing of recognition gross revenues are measured in a manner that compensates for the awaited loss of dickering power during the recognition period. As an illustration, lets assume that a British company as a step of its points in the fiscal statement uses the British lb as an appropriate currency under the IAS 21. In add-on, the company restates the same fiscal statements under the rule of IAS 29, which the fortunes indicate that the British lb is the currency of â€Å"hyperinflationary economy† . On the contrary, the company is non precluded from change overing the fiscal statements to be presented in Gallic francs. AMERICAN STANDARDS The Generally Accepted Accounting Practice ( USA ) is the accounting criterions that are used with the United States of America to regulate USA corporations. These criterions are distinctively different from IAS as â€Å"U.S. accounting criterions have become â€Å"rules-based, † filled with specific inside informations in an effort to turn to as many possible eventualities as possible†6. Subsequent to the execution of the Sarbanes-Oxley Act of 2002 in an effort to turn to the job, required the SEC to analyze the practicableness of a principles-based accounting system. It was concluded that, feasibleness of a principles-based attack could reflect minutess at a true economic substance 7. Within the USA legal power there is a local monopoly for the authorship of fiscal coverage criterions for public companies. The statutory authorization over fiscal coverage criterions is vested in the Securities Exchange Commission ( SEC ) and the authorship criterions are delegated to the Financial Accounting Standards Board ( FASB ) . Most USA based corporation use the Generally Accepted Accounting Practice. In the initial contemplation of criterions, GAAP is principles-based systems that pose troubles, which tend to originate when specific criterions come up for consideration. However, non-adoption of cosmopolitan criterions of accounting have caused great troubles to build the cost and benefits of typical and consonant fiscal coverage to get at efficient solutions. In add-on, this has created farther jobs for users of fiscal information because of the complexness in understanding the fiscal statements of abroad corporations. However, there is concrete grounds that figure of states use the USA accounting criterions as a benchmark to manner criterions appropriate for their ain economic system. It is articulated that the Accounting Standards Board ( IASB ) , the FASB and the SEC are the best patterns in the universe. This is the ground environing USA determination non to accommodate cosmopolitan accounting criterions. In add-on, U.S. permits companies to accommodate to looser By and large Accepted Accounting Principles. In the contrary, the president of the SEC and the FASB and IASB have reached a consensus in 2002 on working together toward a greater convergence between U.S. Generally Accepted Accounting Principles and international accounting criterions. International Standard International Accounting Standards are used in fixing fiscal studies. It was the Lisbon Council of European Union ( EU ) to advance a sole, lasting and liquid fiscal market by the version and enforcement of a individual and united set of fiscal coverage criterions. The intent of the ISA was to set up and continue quality criterions for all individuals who used such fiscal information. The acknowledgment of the heightening globalization made tremendous demands for a better and higher quality international accounting criterions. The European Commission favoured the proposals for IAS and challenged the SEC determination to disapprove the use of ISA in the USA markets. SEC concerns over the possible acceptance of ISA was in regard of the jobs that may originate by the non-correspondence of histories between different corporations may put some companies at a disadvantage with their opposite numbers. CONFLICTING Practices In June 2001, the displaying of trade names and other rational belongings on the balance sheet of USA based corporations was titivated under the USA GAAP ( Generally Accepted Accounting Practice ) . This was the consequence of a proficient differentiation in accounting policies of USA GAAP and IFRS ; the differentiations were in relation to the amortization of good will, negative good will and hedge accounting 8. Although, the overruling benefit of using IFRS is comparable to USA based corporations. Once, the users of accounting information such as investors, stockholders and other corporation faced intensive troubles in trying to construe and understand histories of abroad companies due to the use of diverse pecuniary linguistic communication. But the current accounting policies of IFRS purposes to turn to and help in the determination doing procedure of those who are effected by accounting policies and possible investors. Huge figure of corporation are faced with figure of trouble in regard of taking the right signifier of accounting criterion. Predominantly, big figure of USA companies, autumn into this class ; the ground behind this being that USA has its accounting criterions that are non parallel with the international accounting criterions. This conflicting factor between the two accounting patterns render it incompatible for USA companies like Nike to do commissariats taking to follow with both accounting patterns. However, in accounting pattern this is impracticable and impracticable unless an endeavor compiles two sets of histories that comply with both patterns. To turn to this conflicting domination on many investors and others likewise, USA committee is coming to footings with accepting the demand for high quality fiscal coverage model. As the turning insensitiveness in globalization of companies and for the protection of the activities and involvement of investors, loaners and companies, the Commission is heightening its engagement in a figure of forums to set up a universally accepted fiscal coverage model 9. However, the SEC’s supervising and disposal for the equity of fiscal studies submitted by corporations will go on under the competitory government. At present, non much revelation on societal and environmental issues is required of US companies in contrast to demands emerging in Europe and elsewhere around the universe. However, a former legal research in 1999 by Williams suggested that the SEC coherently has the authorization to necessitate such revelations. The job being that insufficient action has been taken to implement a authorization for societal and environmental revelations by companies in the USA. US companies are neglecting to describe on environmental and societal tendencies and events that possess material impact. Consequent to the findings of a research on non-compliance with revelation regulations ; Sarbanes-Oxley attempted to better the rightness of fiscal studies and ethical criterions of companies † 10. Problems exist in this country because of â€Å"t oo many different criterions, increasing costs of coverage, fright because of Kasky v. Nike, inquiries about materiality, and the fact that confirmation procedures are immature†11. NIKE CORPORATION Nike is one of the top athleticss retails in the universe ; the company’s aim is to make concern with contrast mills that persistently illustrate conformity with Nike’s criterions and that operates in a lawful mode. Nike is the lone company that has created its ain criterions, programmes and activities to place reference and study issues of conformity in contract mills to assist find development. Presently, there are no industry-accepted indexs for mensurating Next’s public presentation. Neither there are any standard coverage conditions in regard of contract mills, which can be by and large accepted. However, Nike has its ain creative activity of mensurating its ain criterions, programmes and activities to place reference and study issues of conformity in contract mills. The concerns over whether Following Corporation complies with any accounting criterions is an unreciprocated inquiry. Another cause of concern is that â€Å"the hearers besides use questionable research methods, of which Nike merely makes the consequences public that do non harm its reputation†12. Over the old ages Nike had been capable to case in relation to its legal duty over the conformity of its providers with local labor Torahs and the accounting patterns that were used to immune its repute. These sorts of allegations will necessarily form on the heads of consumers. Then the â€Å"Nike ‘s success, like that of so many modern companies, is all about keeping trade name values and the value of the brand†13. Fortunately, engineering is at manus to assist companies pull off this hard undertaking. Clearly, unless staff have the necessary preparation and accomplishment non merely to execute their responsibilities aptly but besides in conformity with the company ‘s ethical and concern criterions, good administration and conformity will non be achieved. That applies merely every bit much to providers as it does to the primary trade name proprietor – and it goes right to the bosom of good corporate administration 14. In 2003, Nike adopted the Financial Accounting Standards Board Statement 142 for the appraisal of its Goodwill and other touchable assets 15. In relation to the revelation of sections of an endeavor and related information, Nike has adopted Statement of Financial Accounting Standard No131 ( 16 ) . However, far from over these steps are merely in conformity with the USA GAAP and non with the IAS. NIKE’S Accounting Policy Harmonizing to the accommodations on the fiscal statements of Nike, there were accommodations associating to the transition and interlingual rendition of foreign functional currencies into USA Dollars. This is reflected by the inclusion of the accommodations of foreign currency interlingual renditions and a constituent of accretion of the comprehensive income/losses in shareholders’ equity. It is apparent from Nike’s histories, that the coevals of transactional income and losingss as an effectual facet of accounting of foreign exchange on the recording of assets and liabilities of the company is denominated in a typical currency other than the currency that is applicable for the company are recorded in other disbursals. However, the inside informations of these generational minutess are non recorded in the period of their happening. However, under IAS 29, 26 and 30 it is required to describe the consequence of hyperinflation, which must be restated in footings of the mensurating unit current at the balance sheet day of the month. That the historical cost income statement by and large recognises grosss and disbursals at monetary values current at the dealing day of the month. Nonetheless, IAS provide a degree of flexibleness in following different accounting standards17. Already, Nike was capable to figure of cases because of its falsified information on its histories ensuing from the intervention of labour workers around the universe. The legal proceedings in June 2003 involved allegations that Nike made â€Å"false statements in public dealingss materials† 18. The troubles underscoring for Nike in the adoptability and conformity with a chosen set of accounting criterions is that Nike has operations in the USA as its legal residence of abode ; therefore, Nike is required to adhere to USA GAAP. In other words, the obstruction caused by conformity with USA GAAP means that Nike can non pick to roll up its fiscal studies in conformity with the IAS. Nike represents fiscal statements in USA dollars instead than the measurement currency but it guarantee that the impact of hyperinflation under ISA 21.36 is adequately dealt with in the fiscal statements. This enables Nike to do conformity steps for GAAP and IAS 21. Supervision OF COMPLIANCE WITH ACCOUNTING STANDARDS In the USA, it is the duty of the SEC to oversee corporations on their conformity of the accounting criterions. In the event of unjust coverage, the SEC will go on to raise inquiries with the corporations and their hearers. A corporation will be capable to disciplinary action in the event of a failure to follow with the altered coverage or auditing triggered by the unfairness in describing. In the event of relentless unfairness and non-compliance regardless of the conformity of studies to the adapted set of fiscal criterions, the SEC ( regulator ) will bespeak the incorporators of the accounting criterions to undertake the quandary. Disciplinary action against USA hearers are functioned and segmented among the authorities and self-regulatory administrations both at federal and province degrees. Where a USA corporation adapts International Accounting Standards, SEC has the authorization to necessitate that corporation to obtain an accounting study audited by the hearers who are capable to a regulative government that is acceptable to the SEC. However, if a corporation failed to follow with accounting criterions and have produced deceitful histories misdirecting investors and other history users so the corporation’s comptrollers are capable to condemnable liability. The treatments in 2004 over the Parmalat dirt due to non-compliance with accounting criterions made Accounting Bodies realise that â€Å"fraud knows no national boundaries† Donaldson. Furthermore, he added â€Å"the lesson from Parmalat is a lesson for the demand of cooperation between United States and regulators around the universe that is precisely what we are naming for now† 19. Decision Despite of troubles arise by figure of typical accounting criterions, there are besides advantages behind the devilling frame ; the handiness of different accounting criterions has made gradual and steady betterments in the efficiency of corporate administration and in the apprehension and construing of company histories. However, on the other terminal of the spectrum, there were and presently are underscoring troubles in the use of different accounting criterions. First, there are issues that are cause for concern particularly the issue of retreating corporations to taking to follow accounting criterions from a wide scope of picks instead than modulating on the domestic pattern of accounting criterions and curtailing the adoptability of other criterions. There are typical differences between the accounting criterions at an international degree and USA degree, this renders it intensive for most international companies that wish to hold operation or those that already have operations and those corporation that intend to raise financess in the USA capital market as they are required to adhere to the USA GAAP. This same quandary includes Nike Corporation as it has USA operations. 1Fiscal Reporting Alexander D and Britton A 2002 6Thursdayedt p159 2hypertext transfer protocol: //www.newagebd.com/2005/jan/27/busi.html 3hypertext transfer protocol: //www.pwcglobal.com/Extweb/service.nsf/0/5A7896B9AA1585B785256C76005A20C0? opendocument # nine 4hypertext transfer protocol: //forum.europa.eu.int/irc/dsis/accstat/info/data/en/IAS and ESA95.htm 5hypertext transfer protocol: //www.pwcglobal.com/Extweb/service.nsf/0/5A7896B9AA1585B785256C76005A20C0? opendocument 6hypertext transfer protocol: //www.nysscpa.org/cpajournal/2004/804/essentials/p34.htm 7hypertext transfer protocol: //www.sec.gov/news/studies/soxoffbalancerpt.pdf 8hypertext transfer protocol: //www.bcccc.net/index.cfm? fuseaction=Page.viewPage & A ; pageId=1172 & A ; nodeID=3 & A ; parentID=1170 & A ; grandparentID=885 9hypertext transfer protocol: //www.nysscpa.org/cpajournal/2004/804/essentials/p34.htm 10hypertext transfer protocol: //www.bcccc.net/index.cfm? fuseaction=Page.viewPage & A ; pageId=1172 & A ; nodeID=3 & A ; parentID=1170 & A ; grandparentID=885 11Williams, Cynthia A. 1999. The Securities and Exchange Commission and Corporate Social Transparency. Harvard Law Review, 1197, 1998-1999, 112: 1197-1298. 12hypertext transfer protocol: //forum.europa.eu.int/irc/dsis/accstat/info/data/en/IAS and ESA95.htm 13hypertext transfer protocol: //www.atkisson.com/wavefront/wavefront03.html 14hypertext transfer protocol: //www.cleanclothes.org/companies/nikecase.htm 15hypertext transfer protocol: //www.prnewswire.co.uk/cgi/news/release? id=125570 16hypertext transfer protocol: //biz.yahoo.com/e/050406/nke10-q.html 17hypertext transfer protocol: //forum.europa.eu.int/irc/dsis/accstat/info/data/en/IAS and ESA95.htm 18hypertext transfer protocol: //www.citizenworks.org/news/index.php? id=119 19Meeting in Brussels 2004 Bibliography TEXT BOOK Fiscal Reporting Alexander D and Britton A 2002 6Thursdayedt Financial Times Prentice Hall Williams, Cynthia A. 1999. The Securities and Exchange Commission and Corporate Social Transparency. Harvard Law Review, 1197, 1998-1999, 112: 1197-1298. Web sites hypertext transfer protocol: //www.newagebd.com/2005/jan/27/busi.html hypertext transfer protocol: //www.pwcglobal.com/Extweb/service.nsf/0/5A7896B9AA1585B785256C76005A20C0? opendocument # nine hypertext transfer protocol: //forum.europa.eu.int/irc/dsis/accstat/info/data/en/IAS and ESA95.htm hypertext transfer protocol: //www.pwcglobal.com/Extweb/service.nsf/0/5A7896B9AA1585B785256C76005A20C0? opendocument hypertext transfer protocol: //www.sec.gov/news/studies/soxoffbalancerpt.pdf hypertext transfer protocol: //www.bcccc.net/index.cfm? fuseaction=Page.viewPage & A ; pageId=1172 & A ; nodeID=3 & A ; parentID=1170 & A ; grandparentID=885 hypertext transfer protocol: //www.nysscpa.org/cpajournal/2004/804/essentials/p34.htm hypertext transfer protocol: //forum.europa.eu.int/irc/dsis/accstat/info/data/en/IAS and ESA95.htm hypertext transfer protocol: //www.atkisson.com/wavefront/wavefront03.html hypertext transfer protocol: //www.cleanclothes.org/companies/nikecase.htm hypertext transfer protocol: //www.prnewswire.co.uk/cgi/news/release? id=125570 hypertext transfer protocol: //biz.yahoo.com/e/050406/nke10-q.html hypertext transfer protocol: //www.citizenworks.org/news/index.php? id=119 Meeting in Brussels 2004