Financial Accounting and Report Essay Example | Topics and Well Written Essays - 1000 words

Financial Accounting and Report - Essay Example different users of financial statements and their needs, the legal and regulatory influences on financial statements, the implication of the regulations for the users, the role of the accounting and reporting standards and how the information needs of different user groups vary. The first category of people who use financial information is investors. Investors who provide capital to a company are concerned about the levels of risk, and return from their investments. They need financial information to help them decide whether they should buy or sell shares of a particular company. They are also interested in information that enables them to assess the ability of a company to pay cash dividend. The second category of people is employees. Employees need to know whether their employer is financially stable. They use this data to evaluate the employer’s ability to implement a fair remuneration package, provide retirement benefits and be able to offer employment chances (Lasher 2008, pp. 64). Lenders use financial information to access the ability of a company to promptly pay both the principal and interest on loans. Suppliers and other trade creditors are interested in financial information to enable them to determine whether the amount owed to them will be paid without default. Customers are interested in financial information to determine the life span of an enterprise, especially when they have a long-term association with an enterprise such as the presenting solutions to both short and long-term problems. Government and their agencies use the financial information to regulate the activities of an enterprise and to determine tax policies. They also use the information to compute national income. Lastly, the public use financial information to determine the trends and recent development activities of an enterprise to help them assess the possibility of a major economic contribution by an organization (Saudagaran 2009, pp. 51-56). To determine the regulatory

Ineffectiveness of GPS Monitoring System for Sex Offenders Research Paper - 1

Ineffectiveness of GPS Monitoring System for Sex Offenders - Research Paper Example Despite the optimistic effects of technology in the society by improvising the GPS devices, understanding the restrictions of this technology remains essential in maintaining the safety of the society. A case is depicted of a sex offender who cut off his GPS monitoring device and eluded authorities. Although the device still warned the police to keep an eye on the sex offender, the device remained incompetent since the sex offender was able to roam around and carry out his inhuman acts again. Using a GPS requires the free flow of information to those responsible for making sure that the task is accurately carried out. Therefore, using the GPS to monitor or track a sex offender does not entirely depend on the technology but responsibility of those using the device in order to ensure its effectiveness. GPS monitoring device only acts as a part of the solution to sex offenders. They only track where the individual goes, but in essence, do not deprive him the ability to find their next target. John Albert Gardener depicts a sex offender who had a GPS device to monitor his tracks and make sure that he never went near any young woman. However, still having the device, Gardener was able to rape and murder two helpless teenagers back in 2009. It is evident that the paroled felon was not at any chance under careful supervision as officials thought. It can be depicted that these two victims could be alive if only the devices were effectively used. As a dangerous sex offender, John Albert Gardener still roams in the streets.