The Financial Statement With the Continental Model Emphasizing Research Paper

The Financial Statement With the Continental Model Emphasizing Creditors Protection - Research Paper Example One practical difference that comes immediately to mind as a result of the above factors, is the different method of depreciation followed in the United Kingdom and Germany, which are at the opposite ends of the spectrum. Whereas in the United Kingdom depreciation is determined according to custom with, â€Å"convention and pragmatism, rather than exact rules†¦[determining] the method of depreciation, estimates of the scrap value and the expected length of life† (Ferrari L 2005). In Germany on the other hand, tax regulations lay down all these aspects in detail, leaving no room for subjectivity or manipulation. Needless to say, the financial statements of the same company prepared using different accounting practices would have different degrees of transparency. The more transparent the financial statement, the higher the quality and the more its value to investors and shareholders. Another difference lies in the realm of public disclosure. On the Continent, shareholdings are likely to be concentrated in the hands of a few institutional investors like banks and contacts between the company and the bank are likely to be kept confidential. Whereas, when there are more diverse shareholders, public disclosure is more common, allowing a greater number of people to asses the financial viability of a company and its future prospects and potential for growth. These differences in accounting practices, however, are a handicap in the increasingly globalized marketplace. Differences between accounting systems make it difficult to compare the relative worth of a company from an investor’s point of view, especially when the investor could well be from yet another country.

Movie review Essay Example | Topics and Well Written Essays - 500 words - 4

Movie review - Essay Example In 1994, about 27 years down the line, another outbreak occurs in Motaba Valley. Colonel Sam Daniels of USAMRIID together with his ex-wife Roberta Keough of CDC both conducts research into the virus in Maryland and Georgia respectively. A monkey infected with the Montaba virus finds its way on a ship headed for USA. As soon as the monkey arrives, the deadly virus infects people in Cedar Creek, a town in California. Consequently, Roberta and Sam accompanied by doctor Casey Schuler head to Cedar Creek to hunt for the monkey hoping that the monkey would lead them to the cure of the virus. On his way, Sam came across some vital information that could change things – McClintock has been hiding this information from the US president. McClintock and Ford have possessed a serum (E-1101) prepared to cure the virus since 1967. On several occasions, McClintock has restrained Ford from revealing the information. McClintock now plans to bomb Cedar Creek as he did to Motaba Valley. However, Sam and Roberta discover that the virus in Cedar Creek is a different strain of the deadly Motaba virus – it is airborne and more contagious. A new serum is manufactured to stop this new strain. Thereafter, Sam and Roberta embark on stopping McClintock from blowing up Cedar Creek. Outbreak is a good example of the work of an epidemiologist. An airborne virus spread to humans through a monkey and subsequently to other humans. An epidemiologist comes in to control and monitor the spread of the virus. He firstly orders quarantine on affected regions. He then conducts tests on affected persons to identify and ascertain how the virus causes the disease. After discovering that an Ebola virus caused the disease and that the virus is naturally present in certain monkeys, he searches for the monkey so that he can produce an antidote to stop the outbreak. The things happening in the movie are the same