Operating Segments Essay Example | Topics and Well Written Essays - 1500 words - 3

Operating Segments - Essay Example Since then there have been minor changes that have been made to IFRS 8 by the other IFRSs. This has included improvements on the IFRSs, IAS 24 with related party disclosures, IAS 19 Employee Benefits, IFRS 10 Consolidated Financial Statements and Annual Improvements to IFRSS 2010-2012 Cycle. The main function of the IFRS 8 operating system is to establish recommendations that ensure the disclosure of information on an entitys operating segments. This includes the entities products and services, the major customers it serves as well as the geographical regions of operation. These functions are mainly geared towards the achievement of global accounting standards as per the objectives of the International Accounting Board. It specifies on the entitys information reporting on its operations in its annual financial statements. It requires the authority in reporting information related to financial and descriptive matters on its reportable segment. These reportable segments comprise of aggregations of operating segments with specific criteria. Operating segments comprises of entities upon which different financial information available is put under an evaluation on a regular basis to decide on the allocation of resources and performance assessment (Belkaoui, 2004). It operates through an entity that ensures reporting as a measure on the operating segment of profits or losses being incurred by an entity. This enables an entity to report on a measure of segment liabilities and provides the decision makers with useful accounting information needed for the reconciliation of the total profits or loss, liabilities, segment revenues, total assets and other reportable amounts in correspondence to those of the financial statements. The IFRS is in need of an entity to put forth the information on revenues gotten from products and services. This is especially needed for the countries in which revenues are earned, assets are

The pearls illusion Essay Example | Topics and Well Written Essays - 1000 words

The pearls illusion - Essay Example The author dexterously manoeuvres the plot of the book so that the readers can identify with the more selfish nature of the man who relish the failures of the downtrodden and even make efforts to subdue and overpower the dreams of the poor so that the rich can become richer and continue to maintain that status. The book portrays the ‘ambitions’ of protagonist ‘Kino’ which are intrinsically linked with providing his son with education and a better life. The book shows how the simple wishes of the man, especially the ones who are poor, turn into ambitious ventures when confronted with the surreal realities of the time. The author has used the story telling mode to convey the changing moods of the protagonist and has profusely used the surreal elements to weave the magic in the ordinary life of the hero. Steinbeck, in this powerful book, has shown the irony of the pursuit of superficial material gains that blinds the man to the most important objective of life, of being happy. Through the character of Kino, author skilfully takes the readers through the experiences of day to day struggle of a poor man and shows how he develops the illusionary desires and ambitions to overcome his poverty so that he can provide a more comfortable life for his son and family. ‘Bu t the pearls were accidents, and the finding of one was luck’ becomes the powerful motive of the protagonist to dream. The book is a story of Kino and his wife Juana who go to the sea in search of ‘pearl of the world’ so that they can provide proper treatment for their son, who is bitten by the poisonous scorpion. They find the most coveted pearl and thereon begins the saga of the dramatic events that turn their lives upside down. Everybody in the small village is attracted to the pearl and wants a share of the riches that it represents. The people like the doctor, who had earlier refused to treat Coyito, Kino’s son and the