Leadership in Non Profit Organizations Essay Example | Topics and Well Written Essays - 2750 words

Authority in Non Profit Organizations - Essay Example A fundamental audit of the writing has uncovered that there is an absence of examination on initiative explicitly with regards to non-benefit associations. This is critical oversight as the non-benefit associations have generally had an enormous effect on the socio-social and financial inspire of the individuals, and governments over the world depend on their organization and backing for government assistance exercises. All things considered, it is basic to survey what authority style might be generally reasonable with regards to the earth in which non-benefit associations work. There is in any case, another trouble in authority examines identified with non benefit associations. This lies in the way that authority viability can not be estimated basically as far as incomes or some other target monetary marker. Accordingly, it gets hard to impartially survey the viability of initiative in non benefit associations. The momentum research in this manner recommends that compelling administ ration ought to have the option to decidedly affect hands on fulfillment of the representatives, which thus prompts exceptionally energetic and submitted workforce. The proposed research is in this way aimed at surveying the initiative styles in the non-benefit associations in the USA and their effect on the fulfillment levels of the workers. The exploration is relied upon to give bits of knowledge about the authority styles that are most appropriate with regards to the non-benefit associations.  2. Writing Review  2.1 Non-benefit Organizations: Concept, Growth and Development of Non-Profit Organizations  A non-benefit association can be characterized as a gathering composed for purposes other than creating benefit and that doesn't give stock offers or disseminate its overflow fundsâ to its individuals, chiefs, or officials (Young, 2001). The reason for Non-Profit association is to serve the general population, and not the proprietors and the individuals from the association . There are an assortment of non-benefit associations in various segments, similar to sports, training, wellbeing, social administrations and aesthetic gatherings. Non-benefit and non-government associations are legitimately contained substances that work autonomously from the legislature. The historical backdrop of a non-benefit part is inserted in the more extensive political culture and social improvement of a nation or a locale, and is likewise affected upon by social and strict variables. The advancement of US non-benefit associations and non-benefit divisions is related with improvement of constitution of the US society. Rather than the US, the non-benefit area advancement in the Great Britain was firmly joined to the changing social needs and political alliance of the time (Anheier, 2005). Non-benefit area is exceptionally evolved in U.S because of its moderately low degree of social government assistance spending and it is by all accounts the biggest among different nations (Agard, 2011). There are in excess of 8,00,000 beneficent non-benefit associations in the United States, dominant part of them are Universities, emergency clinics and chapels and these elements make up the significant piece of the area as far as resources and work (Agard, 2011). As per the John Hopkins’ near non-benefit part study, over portion of the emergency clinic beds are in the non-benefit medical clinics, half all things considered and colleges are non-benefit foundations, 95% of all symphonies are non-benefit associations, 60% of all social assistance offices are non-benefit (Salamon, et al, 2003). The non-benefit segment has a rich and assorted history in the United States. In USA the non-benefit associations are mostly dynamic in three fields: training, culture and entertainment, social help. (Salamon and Anheier, 1996). With regards to European nations also, the foundation of the willful

Fortunately, we live in a country that treats thei Essays

Luckily, we live in a nation that treats thei Essays Luckily, we live in a nation that treats their residents superior to other people. Tragically, we have an appalling president controlling our nation we call America. We are designated The place where there is the free, however would we say we are truly free? President Donald Trump, the 45th President of the United States of America, is the most rude individual alive. He is an approved chauvinists, supremacist and non-caring individual. There are incalculable of reasons why he is a lacking president and shouldn't serve our nation as a president. There have numerous occurrences of Donald Trump being misogynist towards ladies. April fifteenth, 2015 Trump tweeted If Hillary Clinton can't fulfill her better half what makes you figure she can fulfill America?' This tweet shows where Trump genuine consideration is at, not with this nation, however stressing over another government official's marriage. Trump accepts that a lady who gets a premature birth ought to be rebuffed in some structure, says The Telegraph. Trump accepts that ladies should possibly be permitted to get a fetus removal in the event that they were assaulted or there life is in question. Trump has taken an interest in a meeting where he expresses that he snatches them by the pussy, them as in ladies. Trump asserts that ladies permit him to do something like this, even without requesting assent, since he is well known. Trump chauvinist remarks goes back to the extent the 90s when he in a meeting considers ladies an excellent bit of ass. To feel this is our leader is somewhat terrifying. Not just a chauvinist, Trump is a bigot and is by all accounts glad for it. Donald Trump has been a supremacist far before guaranteeing his leader position in The White House. Not just a bigot towards the African American people group, he has expressed numerous supremacist remarks towards numerous different races, for all intents and purposes all races other than his own, which is the white network. Trump has placed so as to fabricate a divider at the Mexican and American outskirt in wants to keep all Mexicans out of America. He needs to send every single unlawful worker back to their local land. Trump professes to have an extraordinary relationship with the blacks, says Huff Post. In spite of the fact that Trump professes to cherish him some dark society, in 1993 his organization was sued twice by the Justice Department for purportedly not offering property to dark individuals. Lamentably Puerto Rico was

Give Thanks - Activities to Teach Your Students

Express gratefulness - Activities to Teach Your Students Thanksgiving is the ideal time to show understudies the significance of being appreciative and offering gratitude. Its exceptionally basic for youngsters to ignore the hugeness of the easily overlooked details that go on in their day by day life. For example, being appreciative for having food, since it keeps them alive, or being grateful for their home, since that implies they have a rooftop over their head. Youngsters will in general think about these things as regular events, and not understand the significance they have on their life. Require significant investment this Christmas season and require your understudies to think about each part of their lives and why they ought to be appreciative. Give them the accompanying exercises to assist them with having a superior comprehension of why its essential to be appreciative, and how that can affect their life. A Simple Thank You Card Something as straightforward as causing a natively constructed to note to say thanks is an extraordinary method to train understudies to be appreciative for what they have gotten. Have understudies make a rundown of explicit things that their folks accomplish for them or things their folks cause them to do. For example, I am appreciative my folks go to work to bring in cash so I can have food, garments and all the essential necessities throughout everyday life. or then again I am grateful my folks make me tidy up my room since they need me to live in a sound domain and learn obligation. After understudies have made their rundown of things they are grateful their folks accomplish for them, have them pick a couple of expressions and keep in touch with them in a note to say thanks. Conceptualizing Ideas: I am appreciative my folks cause me to do the dishes since that implies we have food to survive.I am grateful my folks make me deal with my canine since that implies my pooch is happy.I am grateful my folks have a vocation since that implies we have cash to endure. Peruse a Story Once in a while perusing your understudies a story can profoundly affect how they see something. Pick any of the accompanying books to show understudies the essentialness of being appreciative. Books are an incredible method to open up the lines of correspondence and examine this topic further. Book Ideas: The Firefighters Thanksgiving, by Maribeth BoeltsThanks for Thanksgiving, by Julie MarkesGiving Thanks, by Jake SwampGiving Thanks, by Sarah FischThanksgiving is for Giving Thanks, by Margaret SutherlandGrateful, by John Bucchino Compose a Story An imaginative method to develop one of the thoughts recorded above, is to compose a tale regarding why the understudies are grateful. Have understudies investigate the rundown they made when they conceptualized for their note to say thanks, and pick one plan to venture into a story. For instance, they can make a story revolved around the possibility that their folks work with the goal for them to endure. Urge understudies to utilize their creative mind and give subtleties from their reality, just as thoughts that they make up. Field Trip to a Shelter The most ideal route for understudies to truly be appreciative for that they have in their life, is to give them what others don't have. A class field outing to a neighborhood food safe house will furnish the understudies with the chance to see, that a few people are grateful for simply having food on their plate. After the field trip, talk about what they saw at the safe house, and cause a diagram about things understudies to can do to help individuals out of luck. Talk about why they ought to be appreciative for what they have, and how they can say thank you to the individuals that mean the most to them.

The Decline of College Student Mental Health

HomeSurviveParentingThe Decline of College Student Mental Health and What Parents Can Do About ItThis page may contain affiliate links.Nov 12, 2019An increasing number of high school in the U.S. are struggling with mental health challenges. And the numbers continue to rise as these high school students go on to college. Mental Health of College Students The media is filled with articles about students experiencing high levels of stress and mental health on college campuses. More than 11 percent of college students have been diagnosed with anxiety in the past year and more than 10 percent reported being diagnosed with or treated for depression, according to the National Alliance on Mental Illness. Demand for on-campus mental health counseling is increasing. Students report frustration that their mental health care needs are not met by school counseling centers which are understaffed and overwhelmed. Wait lists, appointment delays, restricted hours and limits on visits are common. And sadly, suicides remain the 2nd leading cause of death on college campuses, with clusters of student deaths regularly in the news. In recent years, Six student suicides happened at the University of Pennsylvania in an 18-month time period. There had been four student suicides at the College of William and Mary in a span of 14 months. Peter Cronkite, age 22, the grandson of the late newscaster, Walter Cronkite, made the news a few years ago when he took his life, just a few weeks before he was to graduate from Colby College. Causes of Student Suicide Experts such as Dr. Victor Schwartz, the medical director of the Jed Foundation, point to the growth of stress among college students to the point where it impacts both well-being and their ability to function academically and socially. Schools such as Yale and William and Mary report that from  ¼ to  ½ of their student bodies make use during a given school year of on-campus counseling services. A significant contributing factor to the decline in college student mental health appears to be an increase in self-imposed stress and the pressure to succeed that college and university students put on themselves. The University of Pennsylvania (â€Å"Penn†) finds there is a common mind set among many of its students that they must be perfect in all things in order to achieve in college and in adult life. In 2014, after the series of student suicides mentioned above, Penn convened a task force to â€Å"examine the challenges confronting students that can affect their psychological health and well-being.† The Task Force’s Report, issued in March, 2015, describes a student belief that â€Å"there is only one pathway to success that demands a near perfect academic record and demonstrated leadership in extracurricular activities. This perception can cause â€Å"some students to be especially vulnerable when they experience setbacks†. Instead of growing from setbacks and challenges, these students may experience â€Å"distress† because their â€Å"resilience and life skills† have not been sufficiently developed prior to entering college. That the level of competition ratchets up even further from high school to college can be a shock to student mental health. As the Penn Report stated, â€Å"students arrive on campus having been at or near the top of their classes and find themselves surrounded by other high-achieving students. Significant transitions, like that from high school to college†¦can be very stressful.† What Can Parents Do About Students Mental Health? With so many students setting high academic and life achievement goals for themselves, what can parents do to ensure that their college kids stay as mentally healthy as possible? (1) Foster Resilience and Life Skills Parents need to work harder than ever to raise kids with sufficient resilience so that if they choose to become part of a highly competitive campus (or a highly competitive future workplace) they will not become unglued in inevitable and increasing high stress situations. As the Penn report puts it: â€Å"We found that students often have trouble coping when they receive anything other than a perfect grade.† Not all parents (looking in the mirror here), earn or have earned gold stars in the lesson of letting our kids learn from their own mistakes. We over-protect from failure, over-smooth every bump in the road to the detriment of their ability to acquire that recently so sought after quality of â€Å"grit. Our kids will develop resilience only if we allow them to experience the consequences of setbacks. But it is also true – despite our very best parenting efforts, whether we over-coddle, under-coddle, or somewhat in between, that there will always be some kids who because of their own inherent natures are less-equipped than others to grow from bumps in the road. (2) Tell Our Kids That Their Academic and Life Choices Have Consequences The college ranking systems, the ridiculously, and increasingly low admission rates to top colleges, the SAT/ACT/AP test prep industry, economic pressures to become big earners all contribute to a very stressful reality for a high school student who hears society’s message that the way to succeed is to get into the most elite of colleges and universities. These same kids who work exceptionally hard during high school to be perfect in order to get admitted to college are finding themselves at top colleges where the re-sorting process starts all over again – all with deleterious impacts on their own mental health and well-being. And it is highly unlikely that Penn or any similarly-situated college or university with top academics will suddenly decide to modify their highly selective admission standards. (The recognition that students should strive for balance, rather than perfection, in their high school resumes, would be a welcome, if wholly unexpected change.) But parents can make a difference. We have the responsibility to explicitly inform our kids that they have choices and that the choices they make will always have consequences. If kids decide they need to take 5 AP courses in a single semester, that if they short-change their sleep, that if they overload their activity schedule, it is their own physical and mental health that will suffer. Our kids need us to tell them – because no one else will – what might happen to them if they choose to pursue a high stress path to success. And if they are admitted to a college with a competitive campus culture, and if they choose to stay on that path, and want to push themselves as hard as they can to get the best summer internship, to get accepted by a top graduate school or land a prestige job, then our kids need to understand that their quest to achieve possibly unrealistic academic or life goals will be filled with bumps in the road and setbacks. And when/if these occur, they must be resilient in dealing with them so that their vulnerability does not lead to emotional distress – or worse. (3) Remind Our Kids It Is O.K. To Ask For Help The stigma associated with seeking help for mental health concerns may be waning but many college students remain reluctant to seek help. They are more likely to talk to their friends before seeking professional counseling. Many still refrain from going to an on-campus counseling center because they fear being perceived as weak; they conclude, wrongly, that they are the only ones struggling and that their peers are doing just fine. So parents need to remind their kids – and do so often – that seeking help is a sign of strength, not failure. And, it is incumbent upon parents to have these discussions BEFORE their children leave for college. Parents can also help by researching the mental health services when evaluating colleges and doing their own research as to on-campus resources. If they appear to be insufficient or over-loaded, they should help their students find accessible and affordable off-campus resources instead. Parents also must keep in touch with their kids, and if possible, with their friends, so that warning signs of possible mental health struggles are detected early The earlier treatment is obtained, the better the results will be. And if necessary, parents need to stay in touch with college administrators. Due to Federal higher education (FERPA) and medical (HIPAA) privacy laws, parents are often the very last to know if their student is struggling with his or her mental health. Parents must find out – ahead of time – under what circumstances, a college will contact them in order to discuss a child’s mental health. (4) Be Supportive, Non-judgmental and Available – and Intervene When Necessary Keep talking to your college kids even if you think they are not listening to you. Show them you are open, supportive, concerned – but that you won’t meddle or interfere with their own evolving independence. But if their judgment is impaired by the onset of a serious mental health struggle, and they fail to get help in a possibly life-threatening situation, don’t hesitate to jump in a car or get on a plane, and get to their campus asap to help them find the assistance they need. Scary stuff, isn’t this? But what increasing levels of stress are doing to our high school and college kids requires us as parents to not look away from the impact it has on our their mental health. We need to build their copingskills as best we can, encourage them to make realistically attainable academic and life choices and to seek help when they need it. The increasingly fragile mental health of students on today’s college campuses makes demands on parents too.

The Greatest Happiness Principle By John Stuart Mill

Miski Hashi PHI 240- 4202 Main Essay The Greatest Happiness principle Morality is used to determine whether an action is right or wrong. Many philosophers have come up with ways to determine the morality of an action, and one such philosopher is John Stuart Mill, an English philosopher and an advocate for utilitarianism. In utilitarianism, morality is based on the greatest happiness principle. The greatest happiness principle states that â€Å"actions are right in proportion as they tend to promote happiness, wrong as they tend to promote the reverse of happiness.† Mill believed that morality should be based on the action that brings about the greatest happiness of the general public. Morality, according to utilitarianism, is determined†¦show more content†¦Mill then divides happiness into two parts, quality pleasure and quantity pleasure. Quality pleasure is one that is obtained from a higher mental and quantity is from a lower physical source. Quality is based on intellect and includes music , reading and nature. On the other hand, pleasure derived quantity is based on natural instinct and includes things like food. According to Mill, quality pleasures should be superior to quantity pleasures. Someone who has experience with both will prefer the quality pleasure to the quantity pleasure, even if there is more pain involved with the quality pleasure. This means that if reading or listening to music brings an individual pleasure or happiness, it is higher than most basic biological needs because of its intrinsic value. It does not matter how good and refined a quantity pleasure is, according to Mill, it is still lower than a quality pleasure and should not come before it.(Bahrdwaj) However, Mill never explains how quality pleasure is measured. This becomes a problem because different people have different things they consider quality pleasure. The greatest happiness principle has many faults, including the fact that it bases its morality on the outcomes of an action rather than the motive behind the action. Since according to Mill, a person’s actions are considered morally right when it brings more happiness to the general public than pain, it

Christianity And The Word Faith Essay - 2518 Words

I. In just the first 17 verses of Romans, the word faith is used 6 times, calling the attention of the readers of this book to faith. In reading the first chapter of Romans it is immediately evident that Paul thinks of faith in very high esteem. The dictionary defines faith as: â€Å"belief and trust in and loyalty to God.† Throughout Romans, it is evident that Paul holds living in faith to a high standard, the word and its implications are mentioned often within Paul’s letter to the Romans. In this paper, I will show that Paul emphasizes the role of faith for a Christian lifestyle throughout the book of Romans. I will demonstrate this by looking at some key passages in Romans. II. Before we tackle some larger sections of scripture, we must take a look at how Paul starts this conversation of faith throughout Romans. a. Romans 1:8 Paul says, â€Å"First, I thank my God through Jesus Christ for all of you, because your faith is proclaimed in all the world.† The Word Biblical Commentary says, â€Å"following his usual practice, Paul’s first act after the formal greeting is to give God thanks for his readers, particularly for their faith.† Paul places an emphasis on his reader’s faith from the get go, the exordium. Paul was known for sometimes using uncommon additions to a typical letter form in his own letter writing; the opening of most letters is quick and simple, but in Romans we see Paul extend this salutation to speak of the faith of his readers, giving thanks. Romans 1:8 is in thisShow MoreRelatedDifferences Between Islam And Christianity871 Words   |  4 Pages1. The question of Origin. i. 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Financial Accounting Reporting and Assurance

Question: Discuss about the Financial Accounting Reporting and Assurance. Answer: Introduction: The accounting information of Astral Music can help the users of the information in arriving at superior and informed decision. The users of Astrals accounting information include internal users (management, members of the staff and the owners) as well as the external users (creditors, tax authorities, financiers, customers as well as the regulatory authorities) (Deegan, 2013). The overall analysis of the case study can help in the process of ascertainment of the users of the accounting information of Astral Music. The owners Natasha and Anastasia can be regarded as the internal user of the information. Anastasia being the equity participant is also a part owner of the business and require the accounting information as Anastasias decision to stay. The two owners need the accounting information for analysing the financial condition of the firm. Natasha and Anastasia need to use the accounting information for evaluating the feasibility and profitability of the investments they have mad e (Weil et al., 2013). In addition to this, the owners also need the accounting information for determination of the upcoming course of action (Edwards, 2013). Moreover, the new management of the Astral also have the need of the financial information for evaluating the overall performance as well as the position of the business concern for undertaking suitable measures for improvement of the results of the company. In particular, the former owner of the company Olga also require the accounting information as she is entitled to receive certain percentage of profits from the present business of Astra for the initial three years of the operations necessarily on a descending rate. Therefore, Olga also needs to keep track of the financial information of the company for receiving the stipulated share of profits. The employees of the firm Astral Music also require the accounting information for assessment of the profitability of the firm and its consequence on the security of their job and remuneration structure. The creditors of the firm also require the accounting information. As mentioned in the case study, Natasha will have to acquire loan from bank for replacement of the investment of Anastasia in case if Anastasia decides to pull out of the business at the end of the first year. Therefore, the bank being a financier would require the accounting information of the company Astral Music Inc. for disbursement of the loan (Pratt, 2013). In addition to this, the regulatory authorities would also require the accounting information for making it certain that the disclosures of different accounting information are essentially in accordance with the accounting rules as well as regulations. It is important for the regulatory authority to access the accounting information for the purpose of fortification of the interests of all the stakeholders who utilize the information for framing their decisions (Horngren et al., 2013). Identification of the various accounting issues facing Astral As per the case study, it can be hereby ascertained that there exists accounting issues regarding the sharing of the business profits with Olga on a descending rate. The share of the profits is as per the valuation of the ongoing business during the time of purchase. Again, as mentioned in the case study, Astral failed to recover the different instruments in around 50 % of the cases. Therefore, there exists an issue as regards the accounting of different bad debts and doubtful accounts. Again, the management of the Astral placed order to the Czech corporation for manufacturing of the instruments that would be sold under Astrals brand. This required maintenance of different departmental financial statements, departments as well as agencies (Henderson et al., 2015). This also proves to be an accounting issue to the firm. In addition to this, the manufacturing company also offered a discount of approximately 50% to different structural defects of products. As per the agreement, the disc ounts were supposed to be modified against different future purchases. The adjustments can also be regarded as an accounting issue faced by the management of Astral. Again, in the middle of the year Astral Music placed order to the Czech manufacturer for diverse musical instruments. However, regrettably the company announced bankruptcy and liquidated the business. By that time, astral could only market only half of the instruments and the other half remained in the inventory as recorded during the year-end. Therefore, the valuation of the inventory has also become an issue for the organization Astral Music. Accounting policies that replicate the economic situations for the detected accounting issues The management of the Astral Music can follow the accounting policies of the ASPE as the management currently has no plan to access the public equity market. Natasha plans to acquire half of the funds from Anastasia and therefore do not intend to access the public equity market. Natasha and Anastasia can follow diverse stipulations conditioned under the section ASPE 1582. The section ASPE 1582 for business combinations helps in the process of identification of the acquirer, determination of particular date of acquisition, recognition as well as measurement of identifiable asset. In addition to this, this regulation also helps in the detection of assumed liabilities as well as different non-controlling interests ("Home | Financial Reporting and Assurance Standards Canada", 2016). The regulations set under the section 1582 of the ASPE also facilitate the process of recognition as well as measurement of the goodwill of the company Astral Music. This can help in the process of ascertainm ent of value of the company at the time of purchase from Olga. The adoption of the ASPE can be considered better choice for the management of the company Astral Music as there are significant numbers of regional competitors, target consumers that operate privately. Therefore, the regulations of the ASPE can be considered better choice as the company Astral Music currently has no plan for global operations, reporting system is also less intricate with minimal accounting complication, negligible dependence on diverse benchmarking as well as comparative evaluation. In addition to this, ASPE can also be regarded as better choice for Astral Music as Natasha immediately has no plan for transition and has intention to maintain business within certain private individuals that include Natasha and Anastasia. The management of Astral Music can take into consideration ASPE rather than IFRS as the company has no external equity financiers who might hold different views regarding the future of th e enterprise. Again, the company Astral Music also has minimum resources for accounting to spend on training, compliance as well as education. The management of the company also need to prepare appropriate financial declarations suitably for owners, lenders as well as maintenance of conformity. In addition to this, compliance to the ASPE rather than IFRS can be considered to be better as the requirements for disclosure are comparatively less and there are strict rules regarding size of the enterprise. Therefore, any privately owned business such as Astral Music can adopt the ASPE not considering size. The accounting regulation set conditioned under section 1582 of the ASPE replicates different economic situation that reflects the alterations in ownership interests from Olga to Natasha. The accounting standard set the regulations for the acquisition cost, helps in determination of the date of acquisition, association with the timing of disbursements of considerations (Horngren et al., 2012). Thereafter, the case study also mentions about the arrangement of the two equity participants that are involved in the acquirement of the new business (Richard David, 2016). The accounting strategy that can replicate this definite economic circumstance is the regulation under Section 3056- Interests in Joint Arrangements conditioned under the ASPE. Section 3056- Interests in Joint Arrangements is applicable for different business entities that are essentially partners to a joint agreement ("Home | Financial Reporting and Assurance Standards Canada", 2016). Natasha and Anastasia also entered in to agreement with the former owner Olga. Again, the company also entered into diverse contractual agreements with Czech manufacturer. In addition to this, the capital as well as contribution of the two different equity participants Natasha and Anastasia also represents the contractual arrangements where the involved parties enter into an understanding. These economic situations can be considered as joint arrangements (Lovell, 2014). The accounting policy of the ASPE Section 3056- Interests in Joint Arrangements consequently replicates fundamental economic state of affairs. As mentioned in the case study, the company Astral Music also faces the problems of collection of the receivables. The company was also unable to recover diverse rented instruments in 50% of cases where there were bad receivables. The accounting policy of ASPE section 3856 financial instruments indicate towards the regulations as regards the financial instruments. Therefore, this accounting policy outlines the und erlying economic situations of the trade receivables. In addition to this, the management of the company Astral also decided to provide a warranty of around two year on diverse musical instruments marketed under the brand. The accounting strategy of the ASPE Section 3856 Financial Instruments can fittingly be a sign of the underlying economic situation that encompasses around delivering warranties to customers by Astral Music. The ASPE Section 3290 Contingencies states the regulations for contingent gains and losses but cannot be applied to guarantee provisions. (Wagenhofer, 2015). ASPE Section 3290 Contingencies also proposes different directives that provide different provisions, contingent liabilities in addition to contingent assets. Again, the management of the company Astral Music decided to amass returned defective instruments and market them to an external party that has the business to salvage different parts from different defective musical instruments (Warren et al., 2013 ). In this case, the management of the company needs take into account different aspects of the sales return (Traistaru Cotoc, 2013). ASPE Section 3400 Revenue suggests different rules as well as directives for accounting diverse cancellable sales activities, authority of return arrangements, sales return and for reflecting the underlying economic situation of sales return. The ASPE Section 3400 Revenue considers the sales return as a certain form of changeable consideration and this policy provides guidance for different forms of variable consideration. As per the guidelines of Section 3400 Revenue, different selling entities take into consideration various aspects at the time when sales are made to different consumers with a power to return. The factors that need to be taken into consideration include the recognition of revenue, establishment of liability for the expected amount of consideration, establishment of asset with analogous entry to different cost expensed for sales for acquirement of right. This can help in recovering diverse products at the time when refund liability is established (Sundem et al., 2012). Thereafter, the company placed order with the Czech manufacturer that liquidated suddenly. The company could sell only half of the purchased musical instruments and the other half remained in the inventory as registered at the end of the year. The Section 3031-Inventories also put forward the rules as well as regulations for establishments of the guidelines for accounting inventories. The management can take note of different regulations of ASPE for treating different items as is presented below: Accounting policies that affect various objectives of the users The accounting policies ASPE can also affect the objectives of different users. The ASPE presents all the users of the accounting information the objectives of different financial reporting (Whitecotton et al., 2013). The overall consideration of the financial statement includes the fair presentation consistent with GAAP, preparation on-going concern basis of the financial declarations, general-purpose declarations, basis of preparation, comparative information. The fair presentation is as per Section 1100 of the principles of the GAAP ("US PwC", 2016). The goal of the general purpose financial reporting is essentially to offer important financial information regarding the particular reporting entity to all the existing as well as prospective financiers, lenders as well as creditors. The structure differentiates between two different qualitative characteristics for essentially offering important information (Trucco, 2015). The fundamental qualitative features include the faithful rep resentation as well as relevance and the enhanced qualitative characteristics comprises of comparability, verifiability, lucidity as well as timeliness. The pertinent financial information has the potential of drawing a difference to different decisions framed by diverse users. The modified structure of the accounting policies can out forward the concept of materiality as a component of the relevance. The new term of faithful representation, replaces the term reliability as there was lack of understanding regarding reliability. The faithful representation of the financial information can help the users of the accounting information as it provides complete, neutral and at the same time error free information (Wilks et al., 2012). The modified structure of the framework admits limitations in attainment of faithful representation owing to different inherent ambiguity, approximations as well as assumptions. Subsequently, the financial information might not be completely free from error. However, the faithful representation is essentially attained in case of the errors or else omissions affect the overall description of different economic phenomena. Comparability permits the users of the financial information to recognize with different similarities as well as differences among different items both between diverse periods and across different enterprises. The comparability factor of the accounting policy can help the owners of the company astral Music to understand the compare the information among different enterprises as well as different period. This can help the owners in understanding the financial condition as well as position of the company Astral music at the time of acquirement. The acquisition cost is also based on the existing good will as well as the list of customers. Therefore, the qualitative characteristic of verifiability can help the owners in the process of arriving at decisions of acquirement date, cost and many others. The comparability of the financial information as per the conceptual framework of the ASPE can also help Natasha and Anastasia in understanding the position of the competitors of the company in the sector. This has helped the company to understand to understand the competitive position of the company in the industry that led to the decision of lowering of the selling price of the products of the corporation. Again, the qualitative characteristics of the accounting policy can also help the equity participant as well as the creditor such as the bank in understanding the financial information. The bank as a creditor might need knowledge as well as observation to reach agreement regarding the faithful representation of an event. 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