The Relationship between School and Society Assignment

The Relationship between School and Society - Assignment Example However, time took drastic turn with the passage of time, and now an overwhelming majority of the individuals study in various schools, colleges, universities, academies and other formal educational institutions, from where the individuals seek professional education and obtain certificates and degrees in order to enter into practical life as qualified and skilled persons. Wilson (2011, p. ) is of the view that the increasing emphasis upon specific knowledge and the acquisition of credentials as the pathway for young adults seeking any hope of attaining financially rewarding occupations and navigating the existing social structure has captured the attention of the parents and students alike, which has paved the way towards the popularity of learning even in the poor and underdeveloped nations of the world. My respected parents got me admitted to a well-reputed school in the city when I was four years old. That was the institution from where I learned how to read and write. Like all s chools, my institution also taught me language, literature, pure and social sciences, humanities, mathematics and other disciplines. Somehow, I developed the special aptitude for political science, history, theology, philosophy, and literature. During the beginning of my educational career, the parts of the curriculum carrying civics, history, and spiritualism captured my attraction, and I always obtained excellent grades in these disciplines. My taste did not witness any decline in these subjects; as a result, I selected these subjects for my undergraduate program. I studied Plato, Descartes, Machiavelli, Nietzsche, Karl Marx, Max Weber, Adam Smith, Keynes and other political economists and sociological and political science theorists. The utilitarian theory articulated by J.S. Mill and structural-functional theory by Herbert Spencer opened new avenues of wisdom and foresight to me. I keenly studied the 1930 and 1970s economic recessions and drew out the causes and consequences of the same in an analytical way. I found Marxist conflict perspective to be highly moving (Ritzer, 2007, p. 88), and I looked for developing a worker-friendly corporate environment for the future years to come. I obtained the education under the system that was close to the Jeffersonian model of education. Famous statesman and educationalist of early nineteenth century Thomas Jefferson had introduced the education system where the children gradually climb the educational ladder in the light of their age-group. Stage I consists of primary school years, which should be specified for children of the age-group between 6 to 8 years. The students belonging to the age group from 9 to 16 years should be offered the education of intermediate level at secondary school, which is Stage II of education. Stage III of education focuses on the university years, which offers higher studies to the students. Consequently, the students should complete their education gradually and in a systematic way, wh ere the level of education should be determined in the light of the mental capabilities and understandings of the students, so that they could easily comprehend with the curriculum being taught to them at schools (Miller, 1998, p. 3).  

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

International Accounting - Essay Example The objectives of this standard are to give a framework on how to incorporate foreign currency transactions and foreign operations or subsidiaries in the financial statement of the parent company. It also shows how to translate financial statement into presentation currency. The most critical thing in this concept is to determine which exchange rate or rates to use and how to account for the exchange difference in the financial statement. The standard requires the entire initial foreign transaction to be recorded on the bases of the prevailing exchange rate, however, it recognizes the use of average exchange rate to numerous transactions occurring during the year (Doupnik & Perera, 2011). The basis for translation can either be current method or temporal method. Temporal method uses the exchange rate that prevailed when the asset and liabilities were acquired. If the assets are based on historical cost the correct exchange rate to use is also historical. Consequently if liabilities a nd assets are based on current cost the rate to use is also the current one. ... Companies listed in Australia stock exchange reflect the present performance thus, they are the most suitable to influence decision making by stakeholders. With application of IAS 21 it is possible to compare company performance in the two stock exchanges. Companies of the same size in Europe are more profitable than Australian companies simply because exchange rate in ? is higher than â‚ ¬. With financial exchange translation there is either again or a loss in the exchange difference. This component is treated as component of finances in the statement of financial position. Works Cited Books, LLC. (2010). International Accounting Standards:International Financial Reporting Standards, International Public Sector Accounting Standards. Memphis, : Books LLC. Choi, F., & Meek, G. K. (2010). International Accounting. New York: PRENTICE HALL. Doupnik, T., & Perera, H. (2011). International Accounting. New York: McGraw-Hill Companies,Inc.,. Melville, A. (2009). International Financial Re porting. New York: Financial Times/Prentice Hall. Previts, G. (2008). Research in Accounting Regulation, Volume 20. Oxford: