Essay on Transplants - 1423 Words

Transplants How many times have you been in line to get a new drivers license and heard the clerk ask very plainly and without any real inflection of voice, would you like to be an organ donor? You don’t know if you should answer yes or no. What if you answered yes? What would you need to do to have your wishes fulfilled? I will inform of what you need to know to have your wishes carried out. Who can donate organs, and how many people are waiting in KY and Nationally for an organ transplant. I will inform you of the organ waiting list the good and the bad. Who is on the waiting list and how long they can expect to wait? What can be done to shorten the time on the organ waiting list? We have all heard the question; would you†¦show more content†¦Everyone is looked at as a donor regardless of age and general health. â€Å"Most everyone can give someone a second chance at life.† Second Chance At Life Non Profit LouisvillKY .A division of KODA. more than 580 people age 65 and older were organ donors. To determine if someone can be a donor, an organ recovery coordinator conducts an evaluation at the time of death. The coordinator looks at the patients past medical and social history, as well as present medical condition. This is done in a confidential manner.www.optn.org Currently there are 99237 people on the waiting list for a transplant according to OPTN. www.OPTN.org â€Å"The average person can expect to wait three to four years. 7000 people die each year while waiting for a life saving organ. Modern Healthcare 1/28/2008 vol.38 issue four P17-17 Op Article. Living donors can shorten the waiting list time for an organ transplant. A living donor is someone who can donate an organ without the loss of life. The most comman donation is Kidney and Bone marrow. Marrow transplants are the only hope for survival for many children and adults with leukemia, aplastic anemia, and other fatal blood diseases and cancers. Unfortunatel y, nearly 70 percent of these patients cannot find suitably matched marrow donors within their families. They need to find unrelated marrow donors - people who have volunteered to donate marrow if ever matched with anyShow MoreRelatedBenefits Of A Transplant Or A Kidney Transplant1646 Words   |  7 Pagesbest friend got in a car accident and needs a kidney transplant. When the doctor receives the news that you’re the only applicable person because of blood type, all eyes are on you. What would you do? Would you give or keep? Savings lives can be something that is dreaded or heroic. In fact, each day, an average of 79 people receive organ transplants because of the generous. However, an average of 21 people die each day waiting for transplants that can t take place because of the shortage of donatedRead MoreTransplant Surgery1118 Words   |  5 PagesTransplant surgery can be a very incredible topic. The act of exchanging organs or even body parts to help or even save anoth er persons life is truly amazing. Transplant surgery can save many lives without even affecting the donor at all. Organs can come from any body whether it be deceased, alive, or brain dead. New studies are even trying to get animal organs into humans who need them. The value of having transplant surgery weighs more than not being able to benefit or save someone s life. ThereRead More Organ Transplant2291 Words   |  10 PagesAn organ transplant is a surgical operation conducted to replace an organ unable to function properly with a new one. An organ, in turn, is an accumulation of cells and tissues gathered to perform the functions of body. Therefore, any part of the body which acts as a performer of specific function is called an organ. There are two possible ways of how the organ donation (OD) can take place. The first is the donation of cadaveric organs (organs from recently deceased people). The decision to donateRead MoreThe Contribution Of An Organ Transplant1184 Words   |  5 PagesAn organ transplant â€Å"is a surgical operation where a failing or damaged organ in the human body is removed and replaced with a new one† (Center for Bioethics). The first organ transplant was provided in 1954, where a kidney was taken from one identical brother to another, lasting for eight years. Eventually more successful organ transplants began to occur such as in 1962 the first cadaveric transplant was a success prolonging life for almost two years. In 1966 a successful liver transplant had a lifespanRead MoreThe Treatment Of Heart Transplant Essay912 Words   |  4 PagesBackground Heart transplant have grown to be a therapeutic strategies for patients with heart failure, and respectively offers improved quality life and survival. Many various techniques have been used to ensure safety and survival of pediatric patients, however in the case of rejection, death rate have enormously been reviewed. This process whereby recipient’s immune system attacks the transplanted organ is quite harmful as substances like antigens coats organ surface, therefore, immune system respondRead MorePrisoners Receiving Transplants1631 Words   |  7 Pagesawaiting capital punishment, should receive the same level of medical care as others in society - including scarce donor organs for the purpose of transplantation. As is often the case, the debate over whether a death row inmate should receive an organ transplant is not a single controversy, but rather several rolled into one. Being able to address the larger question requires disentangling the smaller questions and examinin g each in turn. What role, if any, should a person s social and moral worth playRead MoreOrgan Of A Organ Transplant954 Words   |  4 PagesOrgan Transplant How do you feel when you really want something, but you have to wait for it? Especially if it was the result of either life or death. People all across America are in this situation. They need an organ transplant in order to live but they are put on a waiting list to see if they qualify for an organ which may come in time before they are to sick, or it may not come in time which ends in death. Some of the points we will discuss is what is an organ transplant, how can we determineRead MoreOrgan Donation : A Transplant1141 Words   |  5 Pagesp. 1). The very first successful organ transplant was a kidney transplant performed in 1954. By the late 1960’s they were successfully transplanting livers, hearts and pancreases. Lung and intestinal transplants came shortly after in the 1980’s. At this very second 121,574 people are waiting for an organ and every day 22 people will die while they wait. A single organ donor can save up to 8 lives (HRSA, 2016). The number one reason for an organ transplant is end-stage organ failure which can beRead MoreThe Treatment Of Pancreatic Transplants1251 Words   |  6 PagesPancreatic transplants have had a lot of advancements over the last several years to help patients with Type 1 DM and the complications that arise from the disease. The increasing numbers of people with diabetes is cause for concern. In some cases diabetes can be prevented but in others its more about genetics; but with many medical advances patients have a better chance for survival. With advancements in surgical procedures pancreatic transplants are improving as well as the increased odds ofRead MoreOrgan Transplants : An Organization1486 Words   |  6 Pages Lizetth Gonzalez Mrs. Forsythe English 7-8 1B January 20, 2015 Organ Transplants Despite the fact that more than a million have signed up to become donors the number of donors is still nowhere near the number of people on waiting for transplants therefore, resulting in an average of eighteen deaths every day due to the shortage. (Pros) Keep in mind the amount of lives saved or restored when a single organ donor can save up to eight lives. In addition to saving lives and restoring broken lives, a

Chilhood memories of frankie lennon and mine Free Essays

Reading     Frankie Lennon   feels like you become part of the story, you feel connected and involved at every scene that unfolds. The characters she introduces makes it more vivid and real, you can’t help but think of your own family and relatives that have been part of   your past and shaped your own present life. You begin to look back at your own childhood and adolescent years and recall the many struggles you went through to become the person you are now. We will write a custom essay sample on Chilhood memories of frankie lennon and mine or any similar topic only for you Order Now It makes us think back and wonder how we got over the conflicts and complications and been able to confront them. Readers connect to the stories due to similarities in culture, race, sexuality, and childhood. The author said in an interview, and to quote her:  Ã¢â‚¬Å"†¦I narrate stories starting with my childhood and take you with me on my turbulent life journey and struggle to find freedom from the many prisons that bind me.  I tell stories that make you think and re-evaluate issues. I offer the reader the chance to see and experience my naked feelings, conflicts, fears, and struggles and you get the chance to experience my trials and tribulations along with me. It will be exciting, funny, and heartbreaking. And it will never be dull.† â€Å"The   Mee   Street Chronicles: Straight up Stories of a Black Woman’s Life is a turn pager narrative of blunt memories in her struggle to live her own life and sexual identity. The book passes through generations dealing with sensitive issues like racism, oppression, homosexuality, and   Ã‚  alcoholism   that   still   exists in our society today. It lets us enter to places never seen before but will make us aware of our own feelings, in what we love and fear of, of our desires and what we value in life. The book mirrors that presents to readers what has happened and still happening in our lives.   Many people identify and unconsciously reflect with at least one story in the book. In a special way, it surprised and touched readers on their own personal journey. Like the author, we also preserve our memories through journals, diaries, photographs, and keep it in our hearts. We become proud of these memories because it is what our identity is all about. We pass them on to our children to tell them who we are to reveal secrets setting us free from denial. This book reminds us that we are not alone in our struggles. We may think we are strange and has a dark past, but who doesn’t? It inspires to move on no matter how bad it seemed or what people have done or said or how bad it appeared. Others out there also   went through the same difficulties and survived. Others who repeat the same mistakes just when they have lifted themselves up, and picking themselves back in shape and has finally found their way. In it, stories on childhood life were depicted like it was your own. Significant characters were portrayed as if they were your own family. It is amazing to relate because you have your own aunt , grandmother, uncle, and cousins who can be irritating and unpleasant when they are around you, on the other hand you truly adore. People who in one way or another   have contributed in shaping your life as a whole. One chapter in the book entitled â€Å"Adversaries† narrates some fragments on the childhood events in the author’s life. At a very young age she could still remember clear details and accounts of family members and various emotions in facing her auntie and the tensed encounters that prevail between them. You feel a little bit at the edge of your seat as words and emotions are revealed that causes you to be anxious and empathize with the girl.. Somehow, upon reading this particular story, I was able to relate to the characters and circumstances that the author encountered.   Similar   events and people I grew up with. I remember these people and what they signify had an impact in my life, may   it   be   Ã‚  good or bad memories. Reading through it brings back memories of kids being punished for reasons not explained very clearly would sometimes make you think now that it was senseless. Folks back then were not even aware that we kids need to be treated fairly sometimes. They just come lashing out of nowhere and give you spanking for all the world to see. I had my own taste of that ‘cruelty’ back then.   I   experienced   some old school discipline where I can get so ashamed of myself for something I have done wrong, just because the ‘crime’ is against the elder’s rules.   Characters like â€Å"Auntie† were also part of my so called privileged childhood. My mother’s sister would sometimes go on a vacation in our house and would stay for a long time I think for decades and my life miserable. I remember her as the lady who keeps an eye on me, scary sometimes because she would watch every move I make. She was so stern and uptight and she is so particular about being proper. She made a great deal of impact in the whole household with her continuous bickering, comparing her life to my mother’s. What’s worse is we have to bear with her and leaves us no choice, but   be under her rule when my parents are away for a few days. I did my best to please her and make her feel that I liked her though I was faking it. I pretended hard to be somebody else just for her to accept me and have a harmonious relationship altogether. She is now a ‘stigma’ among us cousins and her grand kids because of   the character she playe d in our lives. The author in the story had to go through that kind of misery.   The emotions she felt in some instances and the way she describes ‘Auntie’ in detail like her appearance, reactions, and attitude made me think back and reminds me of my own aunt. I   was touched so much by the incident that her aunt would bad mouth her father. I cannot forget the way my aunt would back-stab my mother and insult her in front of us and for other people to hear. She compares her life and her way of   raising her kids to that of my parents. She boasts of a better life and material things compared to my mother who has to work harder for a better life. My aunt and I did not talk too much. I tried the best I could to avoid her, not to be in the same room with her   and even look her in the eye. I was not sure if it is because I was scared of her or hated her. She, like Aunt seemed to be so powerful to make us frightened of her.   Picturing Aunt in my mind while reading makes me feel scared just by recalling how my own aunt was. However, unlike the author, I was never confrontational. I never talked or fought back. Frankie had the courage to stop Aunt from hitting her. I had my share of hard spankings courtesy of   not only of my aunt, but in some instances from my own parents. But I just take it as part of growing up and that is how I should be disciplined. Sometimes I would ponder, regretting that I did not question or prevent it from coming or could have ran away. If only I had the choice and wishes come true, I could have spent more time with my mother and have spent more loving moments with her. I could have understood it better if the she did the spanking herself. REFERENCE : Sundararaj, A. ( 2007, March 14). How to Tell a Story, A Beginner’s Guide to Storytelling. Interview with Frankie Lennon. Retrieved May 23, 2007, from   www.howtotellagreatstory.com/byot/byot How to cite Chilhood memories of frankie lennon and mine, Essay examples Chilhood memories of Frankie Lennon and mine Free Essays Reading     Frankie Lennon   feels like you become part of the story, you feel connected and involved at every scene that unfolds. The characters she introduces makes it more vivid and real, you can’t help but think of your own family and relatives that have been part of   your past and shaped your own present life. You begin to look back at your own childhood and adolescent years and recall the many struggles you went through to become the person you are now. We will write a custom essay sample on Chilhood memories of Frankie Lennon and mine or any similar topic only for you Order Now It makes us think back and wonder how we got over the conflicts and complications and been able to confront them. Readers connect to the stories due to similarities in culture, race, sexuality, and childhood. The author said in an interview, and to quote her: â€Å"†¦I narrate stories starting with my childhood and take you with me on my turbulent life journey and struggle to find freedom from the many prisons that bind me. I tell stories that make you think and re-evaluate issues. I offer the reader the chance to see and experience my naked feelings, conflicts, fears, and struggles and you get the chance to experience my trials and tribulations along with me. It will be exciting, funny, and heartbreaking. And it will never be dull.† â€Å"The   Mee   Street Chronicles: Straight up Stories of a Black Woman’s Life is a turn pager narrative of blunt memories in her struggle to live her own life and sexual identity. The book passes through generations dealing with sensitive issues like racism, oppression, homosexuality, and   Ã‚  alcoholism   that   still   exists in our society today. It lets us enter to places never seen before but will make us aware of our own feelings, in what we love and fear of, of our desires and what we value in life. The book mirrors that presents to readers what has happened and still happening in our lives.   Many people identify and unconsciously reflect with at least one story in the book. In a special way, it surprised and touched readers on their own personal journey. Like the author, we also preserve our memories through journals, diaries, photographs, and keep it in our hearts. We become proud of these memories because it is what our identity is all about. We pass them on to our children to tell them who we are to reveal secrets setting us free from denial. This book reminds us that we are not alone in our struggles. We may think we are strange and has a dark past, but who doesn’t? It inspires to move on no matter how bad it seemed or what people have done or said or how bad it appeared. Others out there also   went through the same difficulties and survived. Others who repeat the same mistakes just when they have lifted themselves up, and picking themselves back in shape and has finally found their way. In it, stories on childhood life were depicted like it was your own. Significant characters were portrayed as if they were your own family. It is amazing to relate because you have your own aunt , grandmother, uncle, and cousins who can be irritating and unpleasant when they are around you, on the other hand you truly adore. People who in one way or another   have contributed in shaping your life as a whole. One chapter in the book entitled â€Å"Adversaries† narrates some fragments on the childhood events in the author’s life. At a very young age she could still remember clear details and accounts of family members and various emotions in facing her auntie and the tensed encounters that prevail between them. You feel a little bit at the edge of your seat as words and emotions are revealed that causes you to be anxious and empathize with the girl.. Somehow, upon reading this particular story, I was able to relate to the characters and circumstances that the author encountered.   Similar   events and people I grew up with. I remember these people and what they signify had an impact in my life, may   it   be   Ã‚  good or bad memories. Reading through it brings back memories of kids being punished for reasons not explained very clearly would sometimes make you think now that it was senseless. Folks back then were not even aware that we kids need to be treated fairly sometimes. They just come lashing out of nowhere and give you spanking for all the world to see. I had my own taste of that ‘cruelty’ back then.   I   experienced   some old school discipline where I can get so ashamed of myself for something I have done wrong, just because the ‘crime’ is against the elder’s rules.   Characters like â€Å"Auntie† were also part of my so called privileged childhood. My mother’s sister would sometimes go on a vacation in our house and would stay for a long time I think for decades and my life miserable. I remember her as the lady who keeps an eye on me, scary sometimes because she would watch every move I make. She was so stern and uptight and she is so particular about being proper. She made a great deal of impact in the whole household with her continuous bickering, comparing her life to my mother’s. What’s worse is we have to bear with her and leaves us no choice, but   be under her rule when my parents are away for a few days. I did my best to please her and make her feel that I liked her though I was faking it. I pretended hard to be somebody else just for her to accept me and have a harmonious relationship altogether. She is now a ‘stigma’ among us cousins and her grand kids because of   the character she played in our lives. The author in the story had to go through that kind of misery.   The emotions she felt in some instances and the way she describes ‘Auntie’ in detail like her appearance, reactions, and attitude made me think back and reminds me of my own aunt. I   was touched so much by the incident that her aunt would bad mouth her father. I cannot forget the way my aunt would back-stab my mother and insult her in front of us and for other people to hear. She compares her life and her way of   raising her kids to that of my parents. She boasts of a better life and material things compared to my mother who has to work harder for a better life. My aunt and I did not talk too much. I tried the best I could to avoid her, not to be in the same room with her   and even look her in the eye. I was not sure if it is because I was scared of her or hated her. She, like Aunt seemed to be so powerful to make us frightened of her.   Picturing Aunt in my mind while reading makes me feel scared just by recalling how my own aunt was. However, unlike the author, I was never confrontational. I never talked or fought back. Frankie had the courage to stop Aunt from hitting her. I had my share of hard spankings courtesy of   not only of my aunt, but in some instances from my own parents. But I just take it as part of growing up and that is how I should be disciplined. Sometimes I would ponder, regretting that I did not question or prevent it from coming or could have ran away. If only I had the choice and wishes come true, I could have spent more time with my mother and have spent more loving moments with her. I could have understood it better if the she did the spanking herself. REFERENCE : Sundararaj, A. ( 2007, March 14). How to Tell a Story, A Beginner’s Guide to Storytelling. Interview with Frankie Lennon. Retrieved May 23, 2007, from   www.howtotellagreatstory.com/byot/byot 70.html – 60k- How to cite Chilhood memories of Frankie Lennon and mine, Essay examples

Analysis on Role of IFRS in Sustainability Reporting

Question: Discuss about the Analysis on Role of IFRS in Sustainability Reporting. Answer: Introduction: The International Financial Reporting Standard (IFRS) has been theorized, developed by the IASB in order to enhance comparability of relevant financial performance by different sets of current and prospective stakeholders of an listed corporate entity. These standards aims to be applied throughout the developed and emerging economies and provide opportunities for comparison and contrasting among different companies based upon set of standards that are maintained at an equal provision throughout the globe. The standards have gained recognition from over 100 countries with support from different sets of international agencies assisting and supporting the standards initiative. The first part of the study focuses upon the utilization and relevance of IFRS in terms of maintenance and enrichment of Sustainability reporting. Whereas, on the other hand the latter part of the study focuses towards evaluating the implementation of IFRS in the context of United Kingdom. Part A: Literature review on the different sets of utility derived from IFRS: Shortcomings of Boards and Treatment of Assets: Ioannou and Serafeim (2014) mentions that presence of a consistent set of parameters in order to facilitate the comparability through IFRS has enhance business decagons making in different parts of the emerging and developed market. Moreover, Fonseca, McAllister and Fitzpatrick (2014) states that the different sets of investment and divestment strategies are assisted through the availability of IFRS standards as two companies operating in a diverse set of market conditions, if required to be compared together, has to evaluate using a single set of benchmark. The consistency in terms treatment of assets and non asset resources depends largely upon the prevalent sets of standards laid out by different sets of Accounting Boards. However, junior, Best and Cotter (2014) discusses that the short comings of indigenous boards to take into account different sets of relevant changes in the industrial and corporate practices may in turn resulted towards non disclosure or inadequate treatment of certain ac. The difference in terms of treatability of depreciation in the books has been mired with speculations. Lozano (2013) arguing that the writing back of amortized assists onto companys books tends to showcase an incorrect balance in goodwill in cases where the business is undergoing an merger or acquisition. The adherence to IFRS by a public company facilitates the opportunity by its shareholders and other stakeholders to initiate comparability and contrasting of the current financial performance with that of the different other companies that tend to belong in other economies but are engaged in similar industry. For instance, a financial statement made by Nationwide Building Society Ltd in accordance with IFRS can assists its investors in comparing its current and previous financial performance of the company with other companies in Europe and North America engaged in providing similar products. Comparison of financial statement among publicly listed companies from different sets of geographical locations tends to be affected by the different sets of Accounting Standards that such companies are required to adhere to while treating its financial figures. For instance, the prevalence of straight line depreciation can probably be a norm amongst companies belonging to a particular economy. Whereas, the other company, with which comparison are to be drawn, has followed a method of written down value method of accounting. Constantly adapting to dynamic scenarios: Thereby, the valuation of deprecation provision is misleading in nature when resulting from comparison of data. Milne and Gray (2013) mentions that adequate sets of adherence to IFRS standards minimizes the degree of misleading information in terms of representation of values in sustainability through sets of accounting treatments that are consistent throughout the globe. Moreover, any form of misstatements can be fostered through wrongful utilization of loopholes in the accounting standards. IFRS encompasses a higher rate of rectification of any form of ambiguous statutes and accounting standards as it is subjected to scrutiny by over 100 countries who have mandated the implementation of such standards (Ifrs.org. 2016). The dynamism in corporate atmosphere tends to be reflected in the IFRS standards as the IASB tends to take into account the repercussions of changes in international relations, taxation policies prevalent in developed and emerging markets (Sustainability.thomsonreute rs.com. 2016). Enhanced Reporting Quality: Frias?Aceituno, Rodrguez?Ariza and Garcia?Snchez, (2014) mentioned that the notion of quality in terms of environmental disclosures results towards optimization of various decisional models thereby improving the degree of productive outcomes derived from such models. Thereby, the different sets of relevant disclosures initiated from the IFRS guidelines conveys accuracy and dissemination of data that can be utilized as independent variables in decision models. Prez?Lpez, Moreno?Romero and Barkemeyer (2015) stated that clarity in terms of the correlation among the different financial variable are enhanced through the IFRS standards as it fosters transparency and tends to diminish quantum of ambiguity in terms of reporting different sets of emissions undertaken by the firms. However, Higgins and Larrinaga (2014) argues that the quantum of transparency and quality in terms of reporting of emission statements cannot be determined solely by degree of convergence despite being mandated. Suitability of the recognition of loss The realization of the instantaneous loss is considered as one of the main features of the IFRS and the objective of this is to provide advantage to the lenders, investors and other related shareholders of the firm (Brochet, Jagolinzer and Riedl 2013). Moreover, the realization of loss and the transparency of IFRS highlight the efficiency between the management and the firm. Therefore, Landsman, Maydew and Thornock (2012) stated that it might assist the organizations to enhance the methodologies of corporate governance. Moreover, the recognition of the loss identifies the specific time when the firm faces the economic loss and this might be delivered to the shareholders of the firm (Bebbington, Unerman and O'Dwyer 2014). Moreover, Ahmed, Neel and Wang (2013) argued that the organizations are capable to review the account book and the values of liabilities and assets, earnings and equity. Assurance of Transparency in the Fiscal Reporting Opined to Christensen, Hail and Leuz (2013), the assurance of the transparency in the fiscal reporting is also considered as one of the essential advantages for transferring the data to the IFRS. However, it has been made since from the days when the EU was consistent on the various features of the macroeconomic environment (Ahmed, Neel and Wang 2013). Moreover, the standards of IFRS also help the firms to get ensured about the reliability of the fiscal reporting in order to enrich the bond between the firms, the management and the shareholders among the associate countries (Bebbington, Unerman and O'Dwyer 2014). Standardization of Accounting and Financial Reporting According to Horton, Serafeim and Serafeim (2013), the organizations are capable to standardize the procedure of financial reporting by the help of the implementation of the IFRS standard. It has been found that this finally helps in comparing the financial statements of the firm in the present fiscal market (Hail and Leuz 2013). Moreover, as rightly stated by Christensen et al. (2015) that the barriers to trade can be removed easily and thus, it assists the firms regarding winning the assurance and trust of the equity shareholders. Part B: Discussion on current or potential prospects of implementing IFRS in United Kingdom: Sustainability reporting by UK public listed companies has been made mandatory by the Financial Reporting Council (FRC) under a circular made in 2006. The emphasis upon sustainability reporting tends to result from the dynamism in terms of operations of corporations. The FRC states that the degree of disclosure pertaining to emissions and environmental underpinnings in terms of financial reporting and dissemination of material facts followed by the enhance of overall reporting proceedings can be attributed to the adoption of IFRS. In terms of materiality attributes contained in the financial statements, IFRS has contributed significantly in improving the relevance of reports to the different sets of stakeholders. In terms of different sets of accounting treatments pertaining to environmental repercussions, adherence to IFRS has resulted in improvised sets of reporting coupled with relevant environmental legislations including Environmental Protection Act, 1990 and Environment Act, 19 95 (Martnez?Ferrero, Garcia?Sanchez and Cuadrado?Ballesteros 2015). Relevance in the Procedure of Accounting United Kingdom has adopted the IFRS and this acceptance has ensured the preparation of sustainability report by putting more focus on economic component rather than on the legal form. It has been found that this has assisted the firms in the country and also their allied shareholders for depicting the true value of the transactions of business. Furthermore, the losses and the gains that are generally portrayed in the income statement of the organizations have put the same in a consistent and truthful situation to the investors. Thus, prior to making any decision regarding the type of investments, the investors put importance on the accounting revelations of the corporation along with the price movements or the fluctuations in the stock prices. Therefore, it can be said that the adoption of IFRS in UK has definitely assisted the indigenous organizations for reducing the equity capital costs by illustrating the total numbers of outlays from the investors. Moreover, it has been noted that after the adoption of the IFRS in UK, the balance sheet statement has been modified. The reason behind this is the variation in the level of consistency and its layout (Brochet, Jagolinzer and Riedl 2013). Therefore, this implies a reasonable representation of the liability values and asset values of the UK firms in order to assist both the analysts and the investors for evaluating the monetary performance of the organizations. Finally, it can be said that the management departments of the larger organizations of UK are able to manipulate the accounts book in order to reduce their rate of ciontribution towards environmental degradation underneath the standard of IFRS (Bebbington, Unerman and O'Dwyer 2014). Therefore, the standards of accounting are highly familiarized by the shareholders, and thus, it ensures the methodologies of the sustainability reporting. The IFRS guidelines are permissible by the companies listed in the London Stock Exchange or whose incorporations require them to adhere to IFRS Standards for material environmental disclosures. The advent of large degrees of environmental degradation on the part of manufacturing industries requires evaluation and prevention through different sets of limits on degrees of carbon emissions undergone owing to production and processing activities. The IFRS in UK targets companies that are both listed on the London Stock Exchange and those whose stocks tends to be traded in other secondary markets coupled with the unlisted companies that comes under the purview of the Companies Act,2006 (frc.org.uk. 2016). Moreover, the companies are mandated to provide key performance indicators that are formed in conjunction with the relevant environmental impacts and emissions that have occurred owing to the different sets of revenue generating activities. The UK firms are required to showcase sustainab ility indicators encompassing disclosures regarding the rate of employee turnover occurring in that entity, the quantum of emissions regarding greenhouse gases and the injury rate pertaining to the common workers of the organization. Moreover, the quantum of managing waste emissions derived as a byproduct of organization operations are pertinent to be included in the entitys report owing the set of guidelines laid out by IFRS in terms of social and environmental governance. The preference on the part of investors to invest in companies that displays higher degree of contribution to different sets of environmentally proactive initiatives. However, it can be observed that the degree of compulsion arising from the part of IASB to make environmentally sustainability reporting mandatory has been far from satisfactory (frc.org.uk. 2016). The different sets of data as regards to the non-disclosure or in most cases non preparation of sustainability reporting resulted from absence stringent rules in the part of the FRC, UK. A survey conducted by the Corporate Knights Capital displayed large quantum of non disclosures on the part of large public corporations in terms of degrees of sustainability reports regarding the rate of emission of green house gases (mayerbrown.com. 2016). However, the development of Greenhouse Gas Emissions (GHG) reports tends to showcase the quantum of large degree of data pertaining to the carbon footprints created by the companies production operations. Further, data pertaining to the different sets of companies showcases the fact that over three fourths or largest companies in terms of revenue generated has failed to disclosed any forms of reports or material data regarding the quantum of emissions of greenhouse gases and other pollutants (mayerbrown.com. 2016). Moreover, large UK corporations have also displayed reluctance in terms of disclosing the level of water consumption. The data as regards to the rate of employees turnover too has failed to be disclosed by such UK corporations. In terms of exchanges whose participants have disclosed their sustainability reports, the London Stock Exchange stands at a ranking of 9th as compared to Euro Next occupying the second spot. This showcases that UK has somewhat lagged behind in terms of adherence to sustainability reporting. The Accounting Standard Board (ASB), a section of FRC concludes that materiality in terms of disclosures in the annual reports has resulted in a large degree Clutter thereby hindering the decision making by the relevant stakeholders and prospective investors of the business (Green et al 2012). For instance, inclusion of trivial degree of information regarding usage of recyclable water containers in boards meeting results in too much clutter in the sustainability reporting. Moreover, ASB infers that the reason behind such immaterial disclosure arises from the fact that the companies have failed towards discussing several sets of parameters as regards to employee and environment followed by social repercussions of the activities that the company is engaged in. The evolving plethora of sustainability reporting mentions that corporate entities, owing to the compulsion of preparing and subsequently disclosing sustainability reports, have sought to disclose information without taking into account the kind of products that they dealt with or the industry that they belong to. For instance the disclosure of sustainability reporting by Auditing Firms are somewhat less relevant as compared to that of firms engaged in manufacturing or assembling of products. Article 38 of the IFRS states that the degrees of allowance pertaining to green house gas emissions in RD are capitalized through inclusions in shareholders equity (Ifrs.org. 2016). The inclusion of IFRS by European Union has resulted towards mandatory adoption of IFRS by EU members, thereby being formerly a member of European Union (Ifrs.org. 2016). Thereby, the inclusiveness of IFRS towards the innovations in the adaptation of energy efficient and environmentally friendly manufacturing and ser vicing processes has in turn facilitated financial as well as governance success of the firms. The amount of sustainable performance as regards to the environment is inferred to have a positive correlation with the financial performance. In addition, sustainable operations with moderate amount of returns are more desirable to a firms stakeholders that high returns with large quantum of environmentally deplorable operations. The trade off amongst the revenue generation and environmentally sustainable sets of business proceedings can in turn be mitigated through large sets of adherence to IFRS standards. Thus aiming towards revenue generation using sustainable energy sources and environment and societal friendly alternatives tends to create a situation whereby both the company and its stakeholders and the community as a whole gets benefitted. IFRS 3 with respect to Business Combinations has laid down different sets of guidelines as regards to the valuation principles utilizing fair value method as regards to the acquisitions. Thereby, the acquisitions pertaining to environmental liabilities tends to showcase the fact that the UK companies are required to adhere to fair value measure of environmental liabilities on the date of acquisition (Fonseca, McAllister and Fitzpatrick 2014). The exploration for and evaluation of mineral resources principles regarding which has been laid down under IFRS 6 caters to the sustainability disclosures of companies engaged in mining activities. The aforementioned standards tends to take into account the recognition of exploration expenses and discovered mineral resources as an asset thereby providing accountability to the costs and the assets in relation to mining and energy industry of UK (Milne and Gray 2013). Conclusion Therefore, it can be concluded that IFRS plays a vital role regarding improvement of the fiscal disclosures quality and also assists to ensure the lucidity in the sustainability reporting of the worldwide firms. Moreover, the investors are enabling in determining the performance of the market as well as the organizations by scrutinizing the performance of the share market and the fiscal disclosures. Furthermore, it has been assessed that the contrast between the fiscal disclosures has become comparatively easier by reducing the unethical practices of accounting in order to ensure the process of sustainability reporting. Nonetheless, some developments are required for the IFRS and the reason behind this is that the structure of fiscal disclosures is more complex in character for conveying an efficient data and information to the shareholders of the firm. The introduction of sustainability reporting has resulted towards compulsion on the part of the company towards taking into account the emissions, employee turnovers that has been undertaken in due pursuit of revenue generation capability. The evolving of agendas in relation to the different sets of environmental friendly practices has resulted in the different stakeholders undertaking greater interests in the procedures through which companies have undertaken production and manufacturing activities. References and Bibliography: Ahmed, A.S., Neel, M. and Wang, D., 2013. Does mandatory adoption of IFRS improve accounting quality? Preliminary evidence.Contemporary Accounting Research,30(4), pp.1344-1372. 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Moet and Chandon Essay Example

Moet and Chandon Essay Saturday, March 23, 13 The World’s most LOVED Champagne Saturday, March 23, 13 History Background ?Part-holder of LVMH (66% share in MC) ? Established in 1743 by Claude Moet as Moet et Cie (MoetCo. ) for wine trading ? Began business in 1750 by supplying the Royal Court at Compiegne ? In 1750 also shipping to Germany, Spain, Eastern EU, and colonial British America ? In 1972, Jean-Remy Moet (grandson) has begin the winery production by buying vineyards; ? While the French Benedictine monk, Dom Perignon, mastered double-fermentation for creating champagne Now owns more than 2,500 acres vineyards ? Produce approx 26M bottles of champagne annually ? Accounts for approx 25% of global champagne market (by volume) Saturday, March 23, 13 LVMH brands Saturday, March 23, 13 Moet at a Glance ?4 Main Products ? Moet Imperial ? Rose Imperial ? Nectar Imperial ? Moet Ice Imperial ? Grand Vintage ?Plus other vintage and special limited-edition champagnes Saturday, March 23, 13 Moet at a Glance ? In-media appearance ? Slogan: Be Fabulous ? Print ads ? of? cial website ? Facebook ? YouTube ? Twitter ? iOS applications Saturday, March 23, 13 Moet at a Glance ? Marketing situation ? Perceived to be the most prominent brand in online world (partly due to extensive online advertising and Roger Federer) ? The biggest export market is UK but the consumption volume is slightly declining Saturday, March 23, 13 Strategy ? Glocal strategy in 2011, began to grow grapes in Northwest China with farm operator Ningxia Nongken Will be China’s ? rst-time-ever made in China Champagne Aim to capture Asia market esp China and India with joint venture approach Has done this for the U. S. for 30 yrs ald (sells in the U. S. nder brand Roederer Estate, Chandon) Grow business by encouraging younger audience to engage with the brand ? ? ? ? â€Å"In the Night† concept of brand communication (in cinema platform) using movie stars and reference for celebration To achieve â€Å"Champagne of Cinema† image, Moet appears in various hollywood movies and at international ? lm festivals, private dinners, parties and premieres Boost sports alignment via Roger Federer ? ? ? Saturday, March 23, 13 Main Competitors ?Veuve Cliquot et Ruinart (LVMH) ? Remy Cointreau (Piper-Heidsieck) ? BCC (Boizel Chanoine Champagne) ? We will write a custom essay sample on Moet and Chandon specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Moet and Chandon specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Moet and Chandon specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Pernot-Ricard (Perrier-Jouet et Mumm) Saturday, March 23, 13 Key Persons Bernard Arnault (Bernard Jean Etienne Arnault) LVMH director Saturday, March 23, 13 Key Persons Stephane Baschiera, president and chief executive of Moet Chandon (since Mar 2012) ? Stephane Baschiera joined Moet Hennessy, the wines and spirits division of LVMH, in 1996 and since then has been Commercial Director of Moet Hennessy Diageo France, Director of Moet Hennessy in Italy, and then Chief Executive Of? cer of the Maison Ruinart. ? Since 2009, he has held the position of Chief Executive Of? er of the Maison Veuve Cliquot Ponsardin, and has contributed to the excellent performance of the Maison since that time. About Jean-Marc Lacave, former CEO Jean-Marc Lacave will become Chief Executive Of? cer of Veuve Clicquot Ponsardin. Jean-Marc Lacave joined the Watches Jewelry division of the LVMH group in the United Kingdom in 2001. Since 2007 he has been Chief Executive Of? cer of Watches Jewelry in Asia. Saturd ay, March 23, 13 Moet Chandon Organization chart Saturday, March 23, 13 Hot Issues ? In Dec, 2012, Roger Federer became brand ambassador (in place of Scarlett Johansson, former BA signed in 2009) In Sept, 2013, will serve as the of? cial champagne of the 34th America’s Cup (sailing’s most prestigious international race) ? Signal tht MC targeting at hi-so sports sectors with concept Champagne of Victory ? In 2012, was analyzed to be loosing brand value (declined by 13% or ? over $500 million) brand value at $3. 8 billion (98th rank fall from 77th at $4. 3billion in 2011) Might due to the emerging part of the world that do not yet associate champagne with celebration ? Recently opened White 1921, a boutique hotel in St. Tropez ? Recently launched celebrity-hosted tours worldwide Saturday, March 23, 13