From Meta-Ethics to Ethics

Questions: 1. Use of theories for determination of moral status of fetus? 2. Influence of the theory on the recommendations? 3. Evaluation of the preferred theory? Answers: 1. Use of theories for determination of moral status of fetus In present disability context of the unborn fetus, Jessica and Marco, the parents of the fetus are using the positive moral choice theory and the Utilitarianism theory in their decision of aborting the fetus (Kalokairinou, 2012). In case of Dr. Wilson, the use of Fetishizing disability theory has been used. As per the medical ethics, respecting the right of disability does not necessarily mean that the individuals should honor and celebrate disability itself. However, Aunt Maria, who is an aged person, uses the Traditional or Natural law where as per the Catholic ethics; abortion in any situation in considered to be an evil act. 2. Influence of the theory on the recommendations The decision of Jessica and Marco are taken from the standpoint of economic, emotional and scientific prospect. The doctor is also right from his own perspective because as per the Utilitarian theory an individual should have freedom and right over the body and mind. However, in case of an unborn fetus this decision rests upon the parents of the fetus (Emiri, 2012). Thus, medical science expects that the parents of the disabled fetus will make a rational decision. 3. Evaluation of the preferred theory Considering all three situations, it may be suggested that the Utilitarian theory is preferred over the other theories. This theory supports the facts that abortion of a disabled fetus because of future financial pressures, family member needs and uncertain future of the child is a rational and valid decision and concerns no act of evil or immorality. Thus, the view of the doctor is valid in this respect (Bailey, 2012). Within the emotional turmoil, Jessica is also considering the similar option, which may suggest that the decision of Jessica is also valid. Further As per the Parental Interest Argument, the parents and especially the mother had the right to abort a disabled child because the strain of caring for a disabled child will be a major responsibility for the mother solely (Lysaught, 2012). Thus, this act states that although abortion is undesirable however, the act is permissible in special cases. Thus, it may be agreed that the view of the doctor and the parents are suitabl e in the present situation. References Bailey, J. (2012).Abortion. New York: Rosen Central. Emiri, F. (2012).Medical law and ethics in Nigeria. Lagos, Nigeria: Malthouse Press. Kalokairinou, E. (2012).From Meta-Ethics to Ethics. Frankfurt: Lang, Peter, GmbH, Internationaler Verlag der Wissenschaften. Lysaught, M. (2012).On moral medicine. Grand Rapids, Mich.: W.B. Eerdmans Pub. Co.

Children of Alcoholics free essay sample

This paper aims toward the children that have been neglected and abused by an alcoholic. Identification of these children is difficult for several reasons, the child being embarrassed, being ignorant to the fact alcoholism is a disease, denial, and simply not wanting anyone to know about it. Whether it is the mother or father there is no question that there are large numbers of children that have been severely affected by living in an alcoholic’s home. During the last decade there has been more and more research done on alcohol in society.Historically the number one most abused drug is alcohol. The most popular interest has been with alcoholism, alcohol abuse and alcoholics. Less attention has been given to the family and more specifically to the children living in an alcoholic’s home. The devastating damage that alcohol can do is fatal. Alcohol effects each family member even if the alcoholic himself ultimately reforms himself, the family that was so greatly affected may never recover from the problems inflicted upon him or her. We will write a custom essay sample on Children of Alcoholics or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page According to Stanley Coppersmith and Morris Rosenberg (Authors of Children of Alcoholics 2007, cc) the effects are irreversible and sometimes the child never recovers to live a happy and healthy life. The chemicals within affect the alcoholic’s behavior, the non-alcoholic parent’s behavior is affected by reactions to the alcoholic and little or no emotion remains for the many needs of the children who fall victims to this family illness. I myself am a survivor of living in an alcohol environment. I have to say that everyday was a challenge for not only me but for my siblings as well. We are always asking ourselves this one question: What is wrong with us? Well I can say that we as children seen such frightening things my father did to our mother it was unheard of talking about it to anyone. Living with my father there were so many up and down days it was hard to establish any kind of routine. One minute would be fine and the next would be chaos to the extent of running to my grandmothers’ house or calling the police. I often found myself trying to avoid being around my father because I felt anything me or my siblings did would trigger a very violent dad to this day I’m still very much afraid of.I am the oldest of four and feel as though I was responsible for the safety of my siblings to this day. The feeling of insecurity and fearfulness has lead to a lot of self-doubt and guilt knowing I really could not do anything as a child. I have set to this day and watched my mother make excuses for my dad that has brought on hate and emptiness feelings that is never going to go away. Unfortunately my brothers have fell victims to this disease and it is hard watching them throw there lives away as my father has done with his life.As an adult, I have divorced myself from this situation but there is always lack of satisfaction and stability in my life and I have finally concluded that life is hard enough and that you cannot please everyone. Sometimes you need to live in the present and not in the past. I still need some closure, but how to get it I do not know. I still bury my feelings and the hard to trust attitude but with the proper education and counseling, it gets easier everyday. I cannot imagine the thousands of other children out there today living with this burden of an alcoholic family member being directly in there childhood.I know one day that I will be able to help a few of these kids and probably answer some of the same questions for them that I have asked myself for so many years. Why me? What have I done now? Why does he hate me? Even as an adult many things from my childhood contributes to asking myself what is normal? My parents did not provide us with any structure or consistency; we grew up physically but not emotionally or psychologically, I am still stuck back in my early childhood. I never learned a normal way of thinking, feeling or reacting.Doing this paper has really helped me as far as understanding the effects of how alcohol and how hard it was growing up in a terrible environment can be. In addition, I could have written this paper without doing any research at all. Honestly, the feeling has been here the whole time to just quit, but I have not and I am not quitting. I am very angry with my parents for allowing this to happen to us. I do know my anger is real and is a natural emotion and I deal with it everyday. I have come to terms that my father will never change and will drink himself to death but that is something I cannot change and frankly am very tired of trying.I recently had to go and talk with the magistrate of the court to have my father committed, for not only his safety but also the safety of my mother. He tried putting gasoline in a kerosene heater one day he had been on a nine day binge had no idea what day it was, and frankly I don’t even know if he knew where he was, he was committed by the court for five days. He has been diagnosed as having alcohol dementia and still drinks. I feel as though I gave my father his lifeline and he did not grab on so where do I go now. Nowhere, now I wait for the call to say he has passed away and that makes me ery sad. I feel like I have gained an enormous amount of clarity in terms of my own life and have been able to move past and deal with most of these issues successfully. Some issues I am still working on, but the self-knowledge I have gained is very valuable. I am glad to know there are people working on these issues in today’s society helping children of this nature. I do not believe there is anything worse than feeling that your alone and no where to turn, but with the education and therapy I have experienced anything is possible.I hope more children come forward and get the help they so greatly deserve and not wait 20 or 30 years like most of us have done. I do not know when my parents began their war against each other, but I do know the only prisoners they took were â€Å"we† their children. (Pat Conroy cc, Prince of Tides) Now in my early 40’s I have children of my own, I worry about the alcoholism that runs in my family they know it’s a family disease and are also aware of the effects it has had on me as a child. I am very honest with my kids with this touchy subject. I want to feel as though I have broken the chain and not passed that burden on to another generation. I would have to say my biggest challenge as a parent was to establish a positive environment for my kids. I have always encouraged them to do what is going to make them happy and successful and I have to say I have done a good job with my children. The research I have done gives children of alcoholics a 75% chance of succeeding I find this number amazing for the simple fact that I have succeeded and raised four wonderful kids. This number comes from the (ACOA) Adult children of alcoholics the study of parenting.Unfortunately, there are many studies left incomplete because children do not come forward with this helpful information so there are limited numbers to be compared to. I believe further research is needed to confirm the risk statuses that alcohol abuse causes among children. Knowledge of the risk status of children as well as associations between family functioning and child adjustment would lead to more healthy and family oriented functions. If I had to give advice to a child to help him/her cope, with the situations at home I would say the best way to â€Å"move on† is to squarely face the past, its importance, and its meaning for you.Often this means understanding your parents and yourself, so that the healing process can begin. You can actively work to replace self-destructive behaviors with healthy behaviors. Recovery from codependency involves accepting your reality, becoming in tune with your thoughts and feelings, setting boundaries in your relationships, expressing your wants and needs, and establishing a sense of self-worth, self-love, and self-appreciation recognize what you can and cannot control.We may not have much control over our alcoholic family member, but we can control many things in our daily lives. One way I have gained a se nse of control is gather information about alcohol and its impact on the family. Unfortunately, sometimes having more information than you can handle increases stress and a positive or negative impact on you just take it on a daily basis. I have been in therapy for a long time now and am finally coming to terms with my father and everything he has done to me.I know he will never realize the damage he has caused to my siblings and me and will never face the consequences of his actions. I can honestly lay my head down at night and know that I am a good person and that I am survivor and not a victim. With me not being a victim means my father does not win and that I am the true winner for not letting this nightmare ruin my life as an adult. Alcohol is a key factor in 68% of manslaughters, 62% of assaults, 54% of murders and attempted murders, 48% of robberies, and 44% of burglaries.Studies of family violence frequently document high rates of alcohol and other drug involvement. COA’s (Children of Alcoholics) may be more likely to be the targets of physical abuse and to witness family violence, compared with non-alcoholic families. Alcoholic families demonstrate poorer problem-solving abilities, both among the parents and within the family as a whole. These poor communication and problem-solving skills may be mechanisms through which lack of cohesion and increased conflict develop and escalate in alcoholic families.Addicted parents are raising a significant number of children in this country. With more than one million children confirmed each year as victims of child abuse and neglect by state child protective service agencies, state welfare records have indicated that substance abuse is one of the top problems exhibited by families in 81% of the reported cases. These numbers are just a few as to how many children are being exposed and the impact alcohol can have on a person and maybe one day there can be one person that can change a child’s l ife.. Together we can as adults get past the shame, confusion, embarrassment and anger as well as the multitude of other emotions that for so many years kept us from accepting ourselves or allowing others to get close to us. Here is a poem that I found doing research and it is very heart wrenching: Broken Broken promises, shattered dreams lying alone in the dark of night trying to hide the silent screams hoping for joy in the morning light a broken heart that can bare? Living in denial and constant fright Hope any longer do you even dare?Trying to make everything right you struggled to give your all there is no more to give now hiding behind a self-made wall knowing you must forgive Hands folded in silent prayer. Knowing you have to go on not even sure you really care Waiting for a new day to dawn. (Carolyn Coy) This poem describes many of the horrors that I experienced as a child and I wanted to share it with everyone that may not be aware that alcohol is a serious problem and there are a dults out there that have experienced the same thing as I have. I know now that I am not alone.

Researching Topic Ideas For Essay Writing

Researching Topic Ideas For Essay WritingThere are many essay topics for Odyssey essay writing. This topic is a basic example of the various types of topics that you can use in your essay.If you are working on essays for college, you will discover that there are several different ways in which you can express ideas. These essays can be written about a number of different subjects. When writing these essays, you need to keep in mind the nature of the subjects that you wish to write about. You should also keep in mind the required format that you should use.The first thing you should do when starting with Odyssey essay topics is to take some time to figure out what types of subjects you want to write about. For example, if you are writing an essay on mythology, you will want to make sure that the theme of the essay revolves around the history of myths and the way that they influenced human history. Mythological topics are ones that have been created throughout the ages by people who we re interested in stories. As you become more experienced, you will learn to distinguish the differences between myth and reality.On the other hand, if you are writing an essay on a specific age, you will want to ensure that the topics that you cover relate to the era in which the period occurred. The Greek era is a great example. You will want to make sure that the main subject of the essay revolves around the historical events during the ancient era.Odyssey essay topics can take on a variety of forms. Many people choose to include one or two large topic ideas that will bring the entire essay together in a series of smaller ideas. However, there are other students who prefer to write the entire essay on a larger theme.In addition to writing multiple essay topics on the same theme, there are other ways in which you can get ideas. For example, if you are writing a new essay on a specific topic that has not been covered before, you may want to use the examples of various subjects. You can also look online to see examples of popular topics. Keep in mind that the more types of topics you choose, the more difficult it will be to write the essay.It is also important that you write the Odyssey essay topics on a topic that is relevant to your student. You will want to ensure that you give them a theme in which they will feel they are in control of. This means that you need to make sure that you keep the theme interesting enough that your student will be able to relate to it. Make sure that you allow enough time for your student to write their own essay.The first thing you should do when starting with Odyssey essay topics is to determine what type of subject you want to write about. Then, you should begin researching the topic so that you are familiar with the type of material that you will need to incorporate into your essay.

Rules For Writing An Essay

Rules For Writing An EssayThe rules for writing an essay cover many things, but none of them are ever the same. While writing an essay is a skill that can be learned, it cannot be developed in a short amount of time. It takes time and practice. And if you're looking for a shortcut to success, well, you've been going about this all wrong.Remember, that while there are rules for writing an essay, they are only rules. You are the only one who can decide what the rules are, and that is all you can do is to decide which rules you want to live by.Here are some different rules for writing an essay. One is: Your essay should be less than three hundred words. Two is: If your essay is over three hundred words, then that means it is already past the rule, and the rules for writing an essay no longer apply. Three is: When writing an essay, remember to make it sound like a dissertation. This means making it seem as though you are reading to a dissertation instead of a blog.There are other rules f or writing an essay, too. Some involve grammar, punctuation, and word choices. Some have to do with presentation, and some have to do with how well you write.Each one of these has a different affect on the overall quality of your essay, and this is why it is important to know them all before you start writing. The more you know about the different rules for writing an essay, the more likely you are to figure out what the best rule is for you.Well, maybe it is not as simple as knowing the different rules for writing an essay. It may be as simple as figuring out which rule to go by and ignoring the others. After all, they are not always fair, and the different rules for writing an essay are not always applicable to all essay subjects.Of course, there is no such thing as a universal rule for writing an essay. Different people write essays for different reasons. Some write to show off their expertise, and others to have something to write about. For example, if you want to write an essa y on dogs, then you want to focus on what you want to write about, and not on the rules for writing an essay.When writing your essay, you need to consider the rules for writing an essay. While you can ignore them, they are not needed in order to get the job done. All you need to do is follow your instincts and use your best judgment. So, learn the rules for writing an essay, but don't make the mistake of forgetting them.

The Secrets to Boost Your Childs Academic Performance

The Secrets to Boost Your Child's Academic PerformanceIf you are looking for a way to boost your child's academic performance, then you should definitely use this website to find child development theories which you can apply in your own child. This way, you will be able to improve his or her success in school and to achieve academic excellence in the future.Most of the child development theories which you can use in your child include developmental theories, atypical child psychology, organizational behavior, and parenting theory. These theories have been used in different studies for different purposes. In this way, you can put all these theories together and use them in your child's educational processes.You will find that most of the child development theories were designed to help children have higher IQ levels. There are many cases where children do not develop properly. It is for this reason that parents would naturally feel a certain pressure. With the help of research papers you can gain a better understanding of why children do not develop properly.One of the child development theories that you can consider is Atypical Child Psychology. This theory is often seen in combination with the theories of organization and motivational factors. This means that this theory encourages parents to give their children support and encouragement in order to help them develop as per their personality. It also suggests that the kind of discipline your child gets can greatly influence the personality of your child.Another one of the child development theories that you can use is the Theory of Organizational Behavior. This theory suggests that children learn differently than adults. They act and think in a certain way and this is the main reason why their school performance is so low.Research papers is another place where you can find child development theories. You can study a theory about how parents influence the development of their children. It also helps parents un derstand how to get their children to improve.The other side of this is that child development theories would suggest that a child learns in a certain way and this method would require an adjustment in the schooling process. Some of the child development theories also suggests that you should bring more activity into your child's life. Therefore, a little activity will go a long way.These research papers will also be useful for parents who are looking for the right child development theory. This will help you identify what is working and what is not in your child's education.

APA and Chicago Manual Of Style Writing

APA and Chicago Manual Of Style Writing Whether youre writing your first high school term paper, or putting the finishing touches on your doctoral thesis, a great essay needs more than simply good ideas. For ease of reading and proper citations, you need to make sure that your writing is encapsulated in one of the standard forms. You should first better acquaint you with the two most popular writing styles for term papers todaythe APA and Chicago Manual of Style formats. Using Approved Styles for Citations One of the most important functions of both the APA Style and Chicago Manual of Style is citation creation. Few thoughts are wholly original, but youll want to make sure that any supporting materials you quote are properly cited. Failing to properly cite your sources amounts to plagiarism, which can ruin your academic career in a single instance. Remember the days of endless footnotes and bulky numbered lists of citations at the end of an academic paper? The beauty of these new formats is that you can make your citations in an easier way with little effort. Using parenthetical citations, you can quickly cite your source, and add publication information to a simple list of cited works at the papers end. Using Approved Styles for Standard Writing Whether you are a newspaper reporter, or simply are writing for an Internet publication, youll want to make certain that youre using the right style. How you and your company are perceived rests, in large part, in the quality of your writing. You will want to be sure your capitalization and punctuation is more than correctyoull want to make sure it meets the accepted standards. How do you find out what those standards are? Simply by using either the APA format or the Chicago Manual of Style format, you can align your writing to the most popular standards out there. Across the country, most newspapers use the Chicago Manual of Style as a measuring stick against which all their copy is compared. Academia has likewise embraced the APA style guide as standard, expecting its publications to adhere to its standards. What You Might Not Know about Modern Language Most of us consider ourselves good, solid writers. But how perfected is your style? Do you know when to capitalize technological terms, and when to double and single space quotations? How would you quote poetry, if you had to? Beyond these stylistic questions, you might also find you have questions on the finer points of grammar. The tragedy of modern day education is that while you are certainly expected to use correct grammar, many public institutions no longer teach grammar and usage heavily. Many writers no longer know when to use who or whom, and few could tell you exactly when to use a semi-colon over a comma. These basic grammatical points, when overlooked, can make your writing look sloppy and juvenile. How to Perfect Your Writing Maybe youre looking for APA and Chicago Manual Of Style Writing Resources. But sometimes the information contained in most of these resources is partial or incomplete. Do you have a specific question youre having trouble answering? Luckily, you can find solid, comprehensive APA and Chicago Manual of Style writing resources that cover all of your citation and style needs. Using the magic of technology, you can purchase APA format software or publication manual to use as a complete reference tool. Tighten your writing, and ensure the accuracy of business and academic papers by perfecting your style.

Revenue recognition requirements in U.S. GAAP, IFRS and IASB The WritePass Journal

Revenue recognition requirements in U.S. GAAP, IFRS and IASB Introduction Revenue recognition requirements in U.S. GAAP, IFRS and IASB IntroductionMain bodyConclusionReferencesRelated Introduction In an industry there are some accounting and financial standards that company must follow to be legal to corporate. Therefore, accountants should follow some rules and guidelines, the International Financial Reporting Standards (IFRS) and U.S. GAAP, which adopted by the International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB). The  IASB is an independent, privately-funded accounting standard-setter based in  London. It was founded on 2001 as the successor to the  International Accounting Standards Committee  (IASC). The  Financial Accounting Standards Board  (FASB) is a private,  not-profit organization and it was created in 1973. One of the general accepted accounting principles is the revenue recognition, which is an important principle in accrual accounting. It determines the specific conditions  under which income becomes realized as revenue. Under IAS 18  Ã¢â‚¬Å" Revenue, is defined as â€Å"the gross inflow of economic benefits during the period arising in the course of the ordinary activities of an entity when those inflows result in increases in equity other than increases relating to contributions from equity participants.† Generally, revenues are recognized when the amount of revenue is measured reliably, when it is probable that the economic benefits of the transaction will flow to the entity and when the costs (both incurred to date and expected future costs) are identified. (Jamil Khatri, Akeel Master 2009). Many problems involved in revenue recognition about the usefulness of the existing standards. So, in June 2002 the IASB and the FASB started a project to develop coherent conceptual guidance for revenue recognition and to eliminate inconsistencies on the subject in their conceptual frameworks. Following we are going to analyze the main problems that occurred, the views taken by the two boards and a reasoned critique of their thinking. Main body Revenue recognition requirements in U.S. GAAP differ from those in IFRS. Accordingly IASB and FASB the main objectives of the project are to provide a single revenue recognition model that could apply consistently across various industries and transactions, to develop a model on changes in specific assets and liabilities that would eliminate inconsistencies in existing concepts and standards and to converge IFRS and U.S. GAAP requirements. ( Barry J.Epstein   Eva K.Jermakowicz   , 2010) However, some problems occurred from revenue recognition standards, which reduce the comparability of revenue across entities. In U.S. GAAP there are numerous standards that define an earnings process inconsistently. The application of the earnings process provide more than 100 standards on revenue and gain recognition which some of them are industries specific and can produce conflicting results for economically similar transactions. This has a result, people disagree how it applies to particular situations. Despite the numerous standards, there are also gaps in guidance which creates conflictions with asset and liability definitions. Sometimes earnings process leads to a misrepresentation of an entity’s contractual rights and obligations in financial statements. Thus, if they focus on changes in assets and liabilities the earnings process could be improved. (Putra 2010) IFRS contain fewer requirements than U.S. GAAP, but also those standards need improvement. The revenue recognition standards provide inconsistencies between assets – liability approach. Under the asset – liability approach, revenue recognized by direct reference to changes in assets and liabilities that occur from an entity’s contract with a customer, rather than by direct reference to critical events. ( Barry J.Epstein   Eva K.Jermakowicz ,2010)   Another deficiency in IFRS relates to the lack of guidance for transactions involving multiple-element arrangement. IAS 18 does not state clearly when or how an entity should separate a single transaction into components and how to measure the elements in a multiple-element arrangement. Therefore, entities apply different measurements for similar transactions, which reduce the comparability of revenue across entities. Also, some problems occur and from the distinguishing between goods and services. If there was a c lear principle to ever-changing and increasingly complex transactions then gaps in guidance would not be a problem. (Putra 2010) However, the Boards have reached some preliminary views in developing a revenue recognition model.   Following I will summarize those views. Firstly, the proposed model would apply to contracts with customers. Revenue should be recognized on the basis of increases in an entity’s net position in a contract with a customer. When an entity enters into a contract with customer, the company gets rights to payment from the customer and assumes obligations to provide good and services to the customer. When an entity satisfies a performance obligation in the contract then company should recognize revenue. Performance obligation is a promise in a contract with a customer to transfer a good or service to that customer. If an entity promise to provide a good, then it is a promising to transfer an asset to the customer. Moreover, if the promised goods or services are transferred to the customer at different times then entity accounts of performance obligations will separate. The aim to separate performance obligations is to ensure that the revenue of the entity is representing the pattern of the transfer of assets to the customer, over the life over the contract. An entity satisfies a performance obligation when the promised good has transferred to customer. We know that an entity has transferred that promised asset when the customer obtains control of it. Consequently, activities that an entity undertakes in fulfilling a contract result in revenue recognition only if they simultaneous ly transfer assets to the customer. The boards have not yet expressed a preliminary view on how an entity would measure the rights.   However, the rights will measure based on the amount of the transaction price (the promised consideration). As the boards propose, performance obligations should be measured at the transaction price.     If a contract comprises more than one performance obligation, an entity would allocate the transaction price to the performance obligations in proportion to the stand-alone selling prices of the goods and services underlying those performance obligations. As each obligation is satisfied, the amount of revenue recognized is the amount of the transaction price that was allocated to the satisfied performance obligation at contract inception. Finally, the boards propose that after contract inception, a company should remeasure a performance obligation when it is deemed ‘onerous’. A performance obligation is estimated ‘onerous’ when an entity’s expected cost of satisfying the performance obligation exceeds the amount of that performance obligation. In that case, the performance obligation is remeasured to the entity’s expected cost of satisfying the performance obligation and the entity would recognize a contract loss. As we can see, the proposal model on how and when revenue is recognized under both IFRS and US GAAP are likely to discuss from the entities. The objective of the project to develop a single revenue recognition model that would apply to a wide range of industries to improve the financial reporting revenue was very helpful for all the industries. It helps remove inconsistencies and weakness in existing revenue recognition standards and provide a stronger framework for revenue recognition issues. On the other hand, for many entities the implementation of the proposed model will be relatively ineffectual and for others, the process could be effectual. Specific, construction industries have concerns regarding how the indicators of control should be applied to long-term contracts. Also telecommunications and technology sector, express concerns about the requirement to determine a stand-alone selling price for each performance obligation. Therefore, both Boards should focus on fixing the pr oblems in the existing standards, and to make a better model which will work well in practice. It’s obviously that many problems arise in determining when revenue is earned. Let’s consider Apple, one of the biggest tech. industries in our days as a live example. Apple has the issue that â€Å"how FASB might rework the rules related to recognizing revenue for software thats bundled into a product and never sold separately†. This is very important for Apple because it affects the revenue related to two of the companys most successful products, the iPod and the iPhone. If the rules are recast the company could be able to book revenue faster, yielding less time between product launches and associated revenue gains. Also it would drive up Apples earnings and possibly stock price. (Marie Leone, 2009) Conclusion Having a clear enough view of the problems involved in revenue recognition and the views taken by the two boards, I’ve tried to paint a picture of the proposed revenue recognition model by the two Boards. The proposed model would not be easy and it would be difficult to apply in all entities. However, Boards are trying to develop a model without any inconsistencies and based on changes in specific assets and liabilities. It will take many hours of meetings and discussions between the two Boards before complete any issues about the proposed project. References [1] Barry J.Epstein , Eva K.Jermakowicz (2010) Interpretation and Application of International Financial Reporting Standards, 1st Edition, Canada, New Jersey : Willey [2] ERNST YOUNG (2010) US GAAP vs. IFRS: the basics Revenue Recognition, ey.com/US/en/Services/Assurance/Accounting-and-Financial-Reporting/US-GAAP-vsIFRSthe-basicsMarch-2010Revenue-recognition [Accessed 11/03/2010] [3] International Accounting Standard Board (19/6/2009) Preliminary Views on Revenue Recognition in Contracts with Customers iasb.org/NR/rdonlyres/0E3D5E00-B961-42F0-BA64-AB1D20BB9FE9/0/DP_PreliminaryViewsRevenueRecognition1208.pdf [Accessed 16/03/2010] [4] International Accounting Standard Board (06/2010) Revenue from Contracts with Customers iasb.org/NR/rdonlyres/74E37A73-0A4D-447F-A8DF-3574002B7406/0/SnapshotRevCon.pdf [Accessed 17/03/2010] [5] Jamil Khatri Akeel Master (2009) IFRS Revenue Recognition, KPMG https://www.in.kpmg.com/Securedata/ifRS_Institute/Files/Revenue%20recognition.pdf [Accessed 11/03/2010] [6] Marie Leone, (2009) â€Å"New Revenue-Recognition Rules: The Apple of Apples Eye?†, CFO [7] Putra (2010) â€Å"Problem with Current Revenue Recognition. Change? How? (24/1/2010) http://accounting-financial-tax.com/2010/01/problem-with-current-revenue-recognition-change-how/ [Accessed 13/03/2010]