Weight loss systems

Introduction Obesity is one of the major health problems in the world. This problem occurs due to a variety of reasons, one of them being the diet of the affected person. Although a balance of a check on the causes of obesity is required for a person to lose weight, this paper focuses on the dietary approaches to weight loss.Advertising We will write a custom research paper sample on Weight loss systems specifically for you for only $16.05 $11/page Learn More Weight loss system Most obese people struggle the whole of their lives trying to lose weight due to application of ineffective weight loss systems. These systems are mostly ineffective due to the little emphasis they put on dietary weight loss methods. This is because, most obese people have a consumption problem and thus for a weight loss programme to be effective, dietary methods should be highly considered and the client must ensure that he/she abides to them. In order to effectively shed off wei ght, it is necessary to watch what one eats. This is as opposed to the common belief that some diets like weight watchers and the Atkins are able to make a person lose weight effortlessly. Watching one’s diet is necessary in order to ensure a long term effect on the weight and health of the client. Highly fatty foods as well as sweets and soft drinks should be avoided as much as possible (Kalat, 2009, p. 314). The client should also ensure that he/she only eats when driven by hunger. This is as opposed to some consumption habits in some people which are driven by cravings, the good taste of food, depression etc. Such people are highly likely to have unhealthy weight and they are also likely to have a problem obeying weight loss programmes. If the client is such a person, he/she she will be in dire need of a therapeutic intervention to help in changing his/her motivation to eat and the system will easily help him/her. In addition to the diet, there is need for the client to ma intain a positive attitude towards the weight loss system. The client should have faith that after applying the suggestions of the system, he/she will definitely lose weight. This mental state is very important since it controls the secretion of hormones which could be very substantial in helping the client to lose weight. Furthermore, eating, drinking and their satiation effects are depended on a person’s psychology. If a person believes that he has to take three pizzas before he is satisfied, he will most likely not be satisfied after taking one pizza (Kalat, 2009, p. 544). It is therefore apparent that psychological control is essential in a weight loss system. In summary, a weight loss system should be aimed at helping the client control his/her bad eating habits, suggesting healthy diets that he/she likes and helping him/her control his/her psychology in relation to eating habits.Advertising Looking for research paper on health medicine? Let's see if we can help yo u! Get your first paper with 15% OFF Learn More Evaluation of the weight loss system The weight loss system discussed above is bound to achieve effective results due to the following reasons: the programme addresses a number of eating habits that are responsible for weight gain in most obese people and thus if an obese person or a person wishing to lose weight follows the guidelines of the programme obediently, the programme is bound to achieve its objectives. Secondly, the programme addresses a number of factors which may make a client fail to observe its guidelines well (Glenville, 2010, p. 1). This enables people to be aware of the possible factors that may hinder them from achieving their desirable weight and thus they are prepared to observe the guidelines of the programme even in hardships. The system is bound to have a permanent effect on the person who applies it because it teaches skills to help the person wishing to shed off weight skills to maintain weight after applying the system. It is also realistic since it highly considers the taste of the person wishing to lose weight and thus its success can be guaranteed since the person will be, arguably, comfortable with the diet suggested by the programme (Iannelli, 2003, p. 1). I would highly recommend this programme due to its near assurance of weight loss and its characteristic sustainability. It is a good system which is likely to have no adverse effects on the life of the client and thus the client will comfortably lose weight. The programme can also be improved by incorporating the idea of exercise to its activities in order to help the client to incorporate a variety of weight loss efforts in the same system (Glenville, 2010, p. 1). Conclusion From the discussion above, it is apparent that a weight loss programme has to have three key components for it to be effective. These are diet control, psychological control and exercise. Although much emphasis is put on the control of a person†™s diet, exercises are equally important and a diet-based weight control programme is likely to have short term effects only if it does not incorporate exercises. In a nutshell, obese people wishing to lose weight should ensure that they cultivate a great deal of self control. Reference List Glenville, M. (2010). How to lose weight naturally. Retrieved from https://www.marilynglenville.com/ Iannelli, V. (2003). Weight Management Guide. Retrieved from https://www.verywellfamily.com/weight-management-guide-2632244Advertising We will write a custom research paper sample on Weight loss systems specifically for you for only $16.05 $11/page Learn More Kalat, J. (2009). Biological Psychology. United States. Barnes Noble. This research paper on Weight loss systems was written and submitted by user Matteo Gallegos to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Review of Related Literature of Volcano Tourism in the Philippines Essays

Review of Related Literature of Volcano Tourism in the Philippines Essays Review of Related Literature of Volcano Tourism in the Philippines Essay Review of Related Literature of Volcano Tourism in the Philippines Essay Review of Related Literature The travel and tourism industry is the world’s largest and most diverse industry . In a report of World Tourism Organization entitled International Tourism, it has pointed out the desire to standardize the definitions in the tourism industry throughout the world. This shows that tourism is an industry at its mature stage. Standardization has been a product of the big growth of demand for this industry. Meanwhile, studies show that there is a present shift of tourism growth in Asia. Asia has experienced a great increase in tourism for the past years. Southeast Asia, in particular has experienced the fasted growth in tourism. Tourism contributes significantly to 11 of the 12 countries that account for 80% of the worlds poor. Seven of these countries are in Asia, namely, Bangladesh, Peoples Republic of China, India, Indonesia, Nepal, Pakistan, and the Philippines. In fact, tourism in Asia is in a thriving condition. Since 1990, the Asia-Pacific region has become an increasingly important tourist destination, and it is the fastest-growing region for international tourism worldwide. The Philippines is trying to catch on with the key players of the Southeast Asian tourism, according to the World Tourism Organization (WTO) study. The double digit gain is attributed to growth of global tourism business; increase travel to the Asia Pacific region; and aggressive and sustained marketing of the Philippines through the WOW Philippines. The United States remained the top tourism source for the Philippines. Japan and Republic of Korea followed The figures are very promising. The Philippines reported that tourism products such as health, sports, nature and adventure, ecotourism, convention and business have been aggressively promoted by the Department of Tourism both in international and local tourism forum. In addition, new types of tourism products are continually being developed by the government in coordination with the private sector and local government units not only to attract more tourists but to promote a more quality tourism experience. The simple concept of tourism has transformed into many specializations such as sustainable tourism, peace through tourism†, poverty reduction through tourism and â€Å"nature-based tourism†. Furthermore, it has shifted from being a collective effort of the entire government to it being decentralized. And different studies have now embarked on focusing on these trends. Holistic Approach Holistic approach to developments has been greatly considered. Within this holistic approach are the concepts of ecotourism and sustainable development. This ‘general’ approach has been attributed to the Agenda 21 which was a product of the â€Å"Earth Summit† in Rio de Janeiro in 1992. In the said summit, also known as the United Nations Conference on Environment and Development, the concept of sustainable development – a development that meets the needs of the present without compromising the ability of the future generations to meet their own needs- was introduced. Within the scope of the said summit, are the principles for guiding action on environment and development. Since then, developments have geared towards addressing the social, economic and environmental dimensions of sustainable development. Ever since, these outlook on developments have been considered. Safeguards for environmental protection and cultural sensitivity should be developed and enforced, together with effective land use planning, zoning, and regulation. Most importantly, a sensitive balance between destination marketing and destination preparedness needs to be maintained. Studies have assimilated and promoted such perspectives. In a joint publication of WTO, the World Travel Tourism Council, and the Earth Council entitled: â€Å"Agenda 21 for the Travel and Tourism Industry† practical steps that governments and private tourism companies can take to implement the goals of the Rio Earth Summit and make the future of the tourism sector and our entire planet more sustainable. For example, in China similar approaches have been taken into consideration as it explores the relationship between development and conservation. In a paper on the mentioned perspective, said that both conservation and development, if working harmoniously together, lead to the best approach.. Eco-tourism One aspect of tourism which has greatly been considered is eco-tourism. As climate change guilt among tourists grows, many tourist attractions are touting their environmental credentials in an effort to cash in on the eco tag. We define nature-based tourism as the segment of the tourism market in which people travel with the primary purpose of visiting a natural destination. If we were to draw an imaginary line through the tourism industry, with one side (the smaller side) representing sustainable tourism and the other side representing non-sustainable tourism, then nature-based tourism and cultural tourism, etc. would span the divide. We equate ecotourism with nature-based tourism that falls on the sustainable side of the line, where impact on the local environment and human communities is low, direct financial benefits accrue to conservation efforts and the local communities, there is respect for local cultures and needs, and the experience builds environmental awareness. As the demand for tourism grows, the notions for eco-tourism sometimes drift away from its original goals. Studies have been conducted on eco-tourism which aims to standardize its goals purposes. For instance, a study has pointed out the simplistic understanding of eco-tourism as the overlap between nature and sustainability. Ecotourism projects must go beyond prevailing notions of the overlap between nature tourism and sustainable tourism(1) to encompass the social dimensions of productive organization and environmental conservation. Ecotourism must do more than create a series of activities to attract visitors, offering them an opportunity to interact with nature in such a way as to make it possible to preserve or enhance the special qualities of the site and its flora and fauna, while allowing local inhabitants and future visitors to continue to enjoy these qualities. They must also establish a durable productive base to allow the local inhabitants and eco-tourist service providers to enjoy a sustainable standard of living while offering these services. These trends have been monitored by organizations such as WTO. A lot of studies have been conducted being able to go into great new heights in understanding and implementing the views on tourism. Studies on the tourism industry have indeed brought more light on the once simple notion of tourism as the act of travelling. Its complexity has brought up studies on specialized areas in different and diverse settings. Volcano Tourism Volcano tourism although have long been an industry, have not been a popular study. This could be attributed to the nature of volcano tourism, which is very specialized. But nevertheless studies about it have been considered. Countries have greatly dealt with specializations of their tourism industries. And volcano tourism has been harnessed by countries that have sufficient resources. El Salvador for instance has mentioned in their National Plan of Tourism 2014 the importance of specializing tourism by identifying the country’s strength. â€Å"It turns out interesting to develop a supply of specialized nature that leans in identifiable and competitive advantages. The United States and European countries constitutes the main markets of reference in the international scope for the nature tourism. .. it requires a strategy of innovation and diversification Within the framework of the thematic tourism of nature he is feasible to differentiate diverse slopes †¦volcano tourism, the scientific tourism, the photographic tourism, agroturismo, ornithological tourism, etc â€Å" Some papers done in China which dwells on such area of interest are: â€Å"Research on Volcanic Tourism Resources and Their Development and Utilization† and â€Å"The Development of Volcano Tourism Resources and Ecological Conservation in Zhanjiang†. Both papers discuss the role of volcano tourism resources on the success of the proposed development of eco-cultural tourism. Through such papers, this specialized form of tourism appends even more variables. Some key variables of volcano tourism are its volcanic resources, volcanic tourism resources, volcanic ecology, and volcanic culture. Thus volcanic tourism in the context of a holistic approach involves a wide spectrum of factors and issues. Furthermore, through these papers, one would have an overview of needs and possibilities of such developments. It is said that volcano tourism is a rare tourism resource. Author Guo Jinjie of Greenpeace China has pointed the value of the landscape features and geological structures volcanoes possess. This implies that developments around the vicinities of volcanoes are site specific as volcanoes takes many forms and natural features. Aside from the features of this natural wonder, the presence of different sectors which interacts with it has been noted as well. Volcanoes shape not only the Earth’s surface but also the course of human history. Eruptions have contributed to the downfall of civilizations, changed the course of wars, and, more frequently, destroyed whole cities killing thousands of inhabitants. On the positive side, volcanoes make fertile lands that are the source of livelihood for numerous people all around the globe. One of the most interesting aspects of visiting a volcano is learning how its eruptions have affected the local people and their culture. Equally fascinating is to find out how the current population views the volcano: feelings run from pride to terror, depending largely on the frequency and character of the predominant eruptions. In itself, volcano tourism is very varied. The Volcanic Hazards Despite of the hazards volcanoes pose to life, studies show how people would prefer to stay within the vicinity of the volcanoes because of the great opportunities and potentials it renders. The USGS has pointed out the following reasons: fertile soils, geothermal energy, mineral resources, industrial products, business opportunities, recreation and tourism. It should be emphasized that the short-term hazards posed by volcanoes are balanced by benefits of volcanism and related processes over geologic time. Thus has led to even more study about its hazard in the view of keeping volcanic areas ‘safer’. Moreover, any development should consider a lot of things other than profit. In an article, it pointed out that the positive thing is we get people outdoors, appreciating the spectacle of nature. The downside is people sometimes get taken to the wrong place at the wrong time. Volcanic hazards are crucial elements to consider in any development around volcanic vicinities. Much has been studied about the hazards of volcanoes around the world. Government organizations like the U. S. Geological Survey (USGS) as well as the Philippine Institute of Volcanology and Seismology (PHIVOLCS) have conducted various studies about the natural hazards of volcanoes. The unique relationship between human settlements and volcanoes has been grounds for the researches done. There are many discussions in the geophysics literature of the types and nature of volcanic eruptive behavior. In the social science literature there are discussions of public education strategies for hazards, controlling access to dangerous locations and evacuation systems. Key techniques have been explored with regards with human safety. Three critical social management techniques are commonly described: public education, access controls and evacuation systems. Furthermore, research has been done on areas where the volcanic hazards and tourism converge. In an article, it tried to highlight that tourism industry should be given more attention when it comes with disaster management. Tourism and natural disasters are not commonly associated, but they some-times have geographical congruence. An examination of the 1980 eruption of Mount St. Helens and the 1985 East Kootenay forest fires reveals how tourism factors fit the general model of natural-disaster planning. Evidence suggests that tourism should be given more attention in disaster planning. A study had shown the key role of a multidisciplinary approach in reducing the social impact of volcanic hazards through assisting communities, organizations, and individuals following an eruption and, importantly, during quiescent periods. Meanwhile another paper looks into the capacity of resilience of traditional societies and the concurrent degree of cultural change rely on four factors, namely: the nature of the hazard, the pre-disaster socio-cultural context and capacity of resilience of the community, the geographical setting, and the rehabilitation policy set up by the authorities. These factors significantly vary in time and space, from one disaster to another. Vulnerability of communities to such hazards has also been studied. In one paper, vulnerability is discussed relative to psychological factors namely: sense of community, coping style and self-efficacy) is used to investigate this issue. BIBLIOGRAPHY: Agence France-Presse, Southeast Asian Toursim Industry Going for a Greenerimage, Inquire- Business, July 10 2008. Cezayirli, Gulfer. Fast-Growing Asian Tourism Should Enlist Help of the Urban Poor. Manila, Philippines: ADB, 2003 Chuck Y. Gee, International Tourism: A Global Perspective. ; Chuck Y. Gee, International Tourism: A Global Perspective, (2007) David Barkin, Ecotourism: A Tool for Sustainable Development (Mexico, 1996). Gulfer Cezayirli, Fast-Growing Asian Tourism Should Enlist Help of the Urban Poor (Manila, Philippines: ADB, 2003). Guo Jinjie, The Development of Volcano Tourism Resources and Ecological Conservation in Zhanjiang, Greenpeace China (2005). Integrated Rega Technology Utilization for Eco-Tourism Parks Development Baron Village, Yogyakarta, (National Technical Experts (P. T. Chazaro Gerbang Internasional), 2004). Jinjie; Rosaly Lopes, The Volcano Adventure Guide (U. K. : Cambridge University Press, 2005). Lopes, Rosaly. The Volcano Adventure Guide. U. K. : Cambridge University Press, 2005. Sanjay Kumar Verma, International Association of Tourism Co-Operatives, in Cooperatives and Tourism : An Asian Perspective (Cartagena (Colombia): 2005). Verma, Sanjay Kumar. International Association of Tourism Co-Operatives. In Cooperatives and Tourism : An Asian Perspective. Cartagena (Colombia), 2005.

Class discussions Assignment Example | Topics and Well Written Essays - 500 words - 4

Class discussions - Assignment Example Whereby, Straight line method, allow property, plant and equipments to be depreciated on a uniform basis. On the other hand, declining balance helps to determine the value of an asset whereby; the present value of depreciation is normally lower that the past values (Financial Accounting Standard Board, para360). On the contrary, unit out method utilizes units of assets as a base value rather than periods that an asset had undergone via depreciation. Therefore, this indicates that accountants utilize different valuation methods to come up with a fair and true value of an asset (Financial Accounting Standard Board, para360). Normally, accountants determine the net realizable values of property, plant and equipment by estimating its future benefits. This means that accountants should use different methodologies and techniques because some assets vary from time to time depending on their nature (Financial Accounting Standard Board, para360). However, accountants should not utilize different methodologies and techniques to prepare misleading information but rather they should use different methodologies and techniques to prepare information that reflects the true value of an asset. Therefore, it is ethically right to use different methodologies and techniques to determine the true value of an asset. On the other hand, it is ethically wrong and contrary to the accounting conventions to prepare information that may mislead users of accounting information (Financial Accounting Standard Board, para360) Intangible assets involve all those assets that do not have a physical existence, such assets include; good will, patents, copyrights, licenses, trademarks franchise to mention just but a few (Financial Accounting Standard Board, para350). According to FASB intangible assets should be valued at their fair value whereby, commercial substance received should be added or subtracted during valuation. Additionally, all intangible assets that were purchased separately should

Planning Science Lessons Essay Example | Topics and Well Written Essays - 1500 words

Planning Science Lessons - Essay Example Students must also do the following: ".demonstrate an awareness of how scientific evidence is collected and are aware that scientific knowledge and theories can be changed by new evidence" "describe how and why decisions about uses of science are made in some familiar contexts" "demonstrate good understanding of the benefits and risks of scientific advances and identify ethical issues related to these." Students should be able to address these issues better if they are able to argue and support their points. While learning how to do this, students must be aware that their arguments must have a clear goal. Thus, the teachers need to make sure the students are taught how to approach this when doing argument lessons and combining them with science lessons. Using argument to teach science should also help to effectively stimulate the students since most students enjoy debating, and this enjoyment usually makes the learning much easier. Learning how to argue scientific concepts is an impo rtant concept for students to learn because science is based on facts; therefore, students must use facts to back up their arguments and prove their points. ... In order to stimulate thought-provoking questions that have to do with science, teachers need to make sure that they use open-ended questions or statements while allowing the students to interact in groups. Therefore, Shakespeare's book demonstrates fantastic concepts and lesson ideas that will help get students interested in learning about science, and to help them adequately learn science so that they can meet and pass expectations in the subject. The lesson plans and ideas offered help to stimulate student thought and critical thinking. In the researcher's opinion, this is a very effective book, and can greatly assist teachers with getting their students interested. Science has always rated as one of the more difficulty subjects for teachers to teach, simply because of lack of resources, and many times, because of lack of student interest. However, by using Shakespeare's approach of asking questions and getting the students ready to participate in a discussion by argument, it should be easier for the teacher to both capture and retain the attention of the students. This book is well formed and would help the UK science student gain a better understanding of the concepts of science t hrough critical thinking and argument. These lessons could truly help many UK secondary students prepare for the debates and other arguments that may come to light when they are in college. Thus, this practice will not only help to develop their understanding of science, but it will also help to develop their critical thinking skills. Rosalind Driver Rosalind Driver's book Making Sense of Secondary Science was inspired by the fact that she understood many students had a lack of understanding regarding the

Accounting and management Essay Example | Topics and Well Written Essays - 1250 words

Accounting and management - Essay Example Wages have increased by almost by 17%, electricity expenses have gone up by 11%; a similar increase has been experienced for accountant charges. Single digit increases have been witnessed by expenses on rent (9.09%), insurance premium (5.66%), and telephone bill (6.25%). The most distressing deviation has been suffered by the component of sundry expenses, by an abnormal amount of 40%. This points out to the fact that the company does not have adequate control on money flowing out in minute amounts. It has spent in necessary amounts that have resulted in the sundry expenses surging so high. The high sundry expenses can have another implication as well. There might be corruption in the system and the employees take undue advantage of the same. There needs to be sufficient control on the expenses as revealed by the analysis. Samuel Pepys needs to carry out adequate research before he embarks on the preparation of annual budget. The company had actually exhibited operational efficiency by garnering a higher sales volume than was budgeted. However, all of that achievement got subsided by the enormous costs incurred by the company. Use of accessories like telephone and electricity must be regulated and used as needed. Unnecessary wastage of costly resources must be avoided. Methodical accounting of all expenses must be carried out and reviewed on a periodical basis so that the purpose for which a cost is occurring gets effectively monitored. The management should initiate proper steps to ensure that they can check the adverse labour rate variance and material cost variance. Though the actual sales has increased from the budgeted sales, yet because of the increased expenditures, the company’s actual profit is lower than that of the budgeted profit. So, to check the excess expenditures proper steps are recommended to the

Review of the ball and brown study

Review of the ball and brown study With the rise of multinational companies and the rapid growth of transnational investments, there has been an increasing demand for an empirical evaluation of accounting income numbers. This is a broad area of research that originated with the seminal publication of the Ball and Brown study(1968).The literature has grown rapidly, with over 1,000 published papers in leading academic accounting and finance journals in the past three decades (Kothari,2001).However, several accounting experts assert that there are some weaknesses in the research of Ball and Brown. Meanwhile, critics argue that their empirical evaluation contributed to the positive accounting theory that revolutionized accounting literature in the late 1970s. The purpose of this essay is to introduce the strengths of Ball and Browns paper and identify its influence on the development of accounting. This essay will argue that the limitation of the paper is not serious, but its advantages are very significant. First, argume nts for and against the empirical research are discussed. Then, an evaluation is explored .Lastly, a conclusion is presented. 2. The weaknesses of the paper Providing empirical evidence to ascertain whether accounting numbers contain or convey information about a firms financial performance was the major motivation that led to the research of Ball and Brown (1968). They pioneered capital markets research in accounting. However, their study still has some weaknesses. 2.1 Unreliability As a potential limitation of their studies, the reliability of their results depends on the sources of information. Although we are not disputing the reliability of the said sources, they should be investigated. Research should be conducted to document various types of institutions. According to Zhang (2007), the selection of the sample did not include companies meet the following four conditions. The first one is the failed company. The second one is a company whose financial year does not end on the 31st of December. The third one is the company that is not recorded in the CRSP database of stock price research centers. It also includes the young firm that is not described by the Wall Street Journal. Given those situations, the generality and reliability of their results may be reduced. 2.2 Limitations This research firmly establishes that earnings reflect some of the information in security prices. However, this early research did not perform statistical tests comparing alternative performance measures, considering that the primary concern was to ascertain whether there is any overlap between the earnings information and the information reflected in security prices. In the 1980s, several studies statistically compared stock returns with earnings, accruals, and cash flows (Rayburn, 1986). Aside from providing a formal test, the previous research used a relatively crude measure of cash flow. The succeeding studies used more sophisticated expectation models to isolate accurately the unexpected components of earnings, accruals, and cash flows, given that returns in an efficient market only reflect the unanticipated components (Livnat et al., 1990).ListenRead phonetically 3. The strengths of the paper Although the weakness of this paper is obvious, the design of variables and the results of the test have made outstanding contributions to research of accounting income. 3.1 Ingenious design of variables After identifying the research themes, Ball and Brown selected the most representative accounting income numbers to measure the information content. Considering that shareholders are more concerned about EPS and net income, Ball and Brown used them as variables. To determine the information content of the accounting income, they used market efficiency hypothesis and the capital asset pricing model as references. According to the efficient market hypothesis, the authors maintained that observable stock price is fluctuant and linked with information. This can mean that accounting income numbers are useful. The key to determining the relationship between accounting income and stock price is to distinguish the security prices of a particular company as well as all the other companies. Therefore, the authors built two models of market expected return to examine how the market reacts to accounting income numbers. Ball and Brown separated factors that affect earning into two different kinds: specific factors and system factors. System factors affect all companies, thus, the surplus of one company and other companies can be linked with each other. If the link is suitable, then stability can be shown using a fixed function, enabling us to achieve the income conditional expectation of one company based on other companies data. Thus, changes in the unexpected surplus of earning can be estimated by calculating by the changes in both actual income and conditional expectation. The authors defined the difference as the gain of current information. At the same time, they assumed that the changes in policy and corporate have been enacted before the first estimation. Thus, the influence of macroeconomic and policy changes can be estimated jointly. The authors initially used the Ordinary Least Squares (OLS) to estimate the linear regression coefficient and intercept of samples annual income changes and average income changes. Secondly, the changes in the market income average were used as independent variables and included in the regression model to calculate the expected value of income changes. Finally, the changes in the value of unexpected earnings (prediction residual) referred to the actual value of the earnings change minus the change in earnings expectations. Therefore, market effect was removed from the estimation of expected surplus, which means the authors did not take system factors into account. Similarly, the factors affecting the impact of no stock or stock returns can still be separated into two factors: system factors and specific factors. First, the authors used capital asset pricing model to separate the system factors and from non-system factors, then calculated the deviation of actual rate return and expected stock return. Secondly, Ball and Brown calculated the companys stock return residuals (abnormal returns). Given that markets are efficient, stock prices will adjust quickly and effectively about the new information, so residuals can show the impact on stock prices of new information. To test the validity of statistics, Ball and Brown used an alternative model- naive model. In this model, an alternative variable is the expected surplus for last years actual surplus. The naive model does not eliminate the market effects, but verifies the earnings per share targets. 3.2 Remarkable results This paper distinguished expected changes and unexpected changes in accounting incomes to estimate the abnormal return and changes in unexpected accounting incomes. In addition, it theorized that when the surplus prediction error is negative, it is both advantageous and disadvantageous. This paper presented the hypothesis that if the accounting income numbers could be linked with stock prices, then the announcement of accounting income numbers could result in changes in the stock returns. In the empirical test, the authors defined the month of annual report as 0, API representing the abnormal performance index of month M. In the process of calculating the API, the changes in unexpected earning are first separated into two groups (positive and negative), and then all samples are calculated together. Ball and Brown thought that if accounting income is related to stock returns, it can be assumed that if the changes in unexpected surplus are positive, then API is larger than 1 ; if they are negative, then the API is less than 1. In the combined sample, API is close to 1. Ball and Brown thought that annual income report can provide new information; however, it cannot be transmitted in time, because most of its content comes from various sources (interim report and non-accounting information, annual accounting report is only one of them) .The authors also found that after the announcement of the annual report, API has a tendency to drift on, that is, revenue projections residual error signal and the relationship between stock returns in the annual report may be continued for two months. After analysis, which may be caused by the transaction costs, and excluding the impact of transaction costs, the market reaction to the numbers tends to be unbiased. 4. Evaluation At first glance, one weakness of this empirical research is the limitation of the sample which may decrease the generality and reliability of the results. However, the selection of the sample was similar to the tests used in related literature, which could lead to consistent results if used the same way on other samples. The weaknesses of the paper also include the limitation of the statistical tests. Nonetheless, it had a significant impact on later research. Ball and Brown (1968) provide compelling evidence that there is information content in accounting earnings announcements. In the meantime, they correlate the sign of the abnormal stock return in the month of an earnings announcement with the sign of the earnings change of a certain firms earnings in a previous year earnings. Starting with Ball and Brown (1968), many studies used such association with stock returns to compare alternative accounting performance measures, such as historical cost earnings, current cost earnings, residual earnings, operating cash flows, and so on. Circumstances similar to those that facilitated the Ball and Brown (1968) study also contributed to Watts and Zimmermans positive accounting theory that revolutionized the accounting literature in the late 1970s (Watts and Zimmerman, 1979). As Watts and Zimmerman (1986) po int out, most accounting research since Ball and Brown (1968) has been positive, and the role of accounting theory is no longer normative. Ball and Brown (1968) heralded the positive-economics-based empirical capital markets research in the late 1960s.Concurrent developments in economics and finance constituted the theoretical and methodological impetus to the early capital markets research in accounting. This historical detour exploring the forces that shaped the early capital markets research has positive pedagogical externalities, particularly for guiding new researchers. Seasoned researchers can skip over portions of this section without losing continuity. In addition, this paper analyzes the insufficiency of theoretical studies using empirical testing to find out whether the accounting income numbers are useful. It initially provides reliable evidence that stock markets can influence annual reports. Then researchers began to do a lot in reflect of stock market. Furthermore, the method used is also applicable to a large number of accounting and financial issues, including dividend announcements, earnings announcements, mergers and acquisitions, and investment spending. 5. Conclusion This essay has discussed the weaknesses and strengths of the empirical evaluation of accounting income numbers by Ball and Brown (1968). Although this research has some limitations, the merits far outweigh the disadvantages. It preceded the positive-economics-based empirical capital markets research of the late 1960s. Concurrent developments in economics and finance constituted the theoretical and methodological impetus to the early capital markets research in accounting. Therefore, it is suggested that this research plays a great role in the development of accounting .In this essay, only a few strengths are mentioned; the ways of putting these benefits into practice need further exploration.

The Need for International Labor Standards Essay -- Economy Economics

The Need for International Labor Standards "The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no single council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it" (Smith, 1776: 456) Introduction There is no question that the combination of the free market and rapidly advancing technologies has integrated the world economy to a level unsurpassed in history. In the quote that begins this chapter, Adam Smith asserts that government intervention in this free market is not only disruptive but also dangerous. However, it is essential that market forces be directed in a manner that is beneficial to working people as well as the owners of large capital interests. Countries that habitually ignore labor rights should not be permitted to enjoy unfair trading advantages at the expense of their workers. Although Smith feels that governmental or supragovernmental intervention is harmful, it is essential that the rapid growth of free markets be tempered with compassion for those who are fueling this expansion. While there are a great multitude of organizations and laws that protect the interests of corporations, there is very little to protect the world’s working people. Smith, being an economist, is content to merely look at the macroeconomic picture without examining the human side of the situation. It is my thesis that the United States should make functioning and enforceable labor standards an integral part o... ...titution. http://www.ilo.org/public/english/overview/iloconst.htm#pre Regional Employment Prograe for Latin America and the Caribbean. 1978. Employment in Latin America. New York: Praeger Publishers. Ramos, Joseph R. 1970. Labor and Development in Latin America. New York: Columbia University Press. Smith, Adam. 1976. [1776]. An Inquiry Into the Nature and Causes of the Wealth of Nations. Indianapolis: The Liberty Fund. U.S. Tariff Act of 1930. 1999. http://www.ita.doc.gov/import_admin/records/apo/title7.htm Van Grasstek, Craig. 1999. "Labor Rights." In Miguel Rodriguez Mendoza, et. al. 1999. Trade Rules in the Making. Washington, D.C.: The Brookings Institution. World Trade Organization. 1999. The WTO Agreements. http://www.wto.org/wto/inbrief/inbr03.htm World Trade Organization. 1999. The WTO in Brief. http://www.wto.org/wto/inbrief/inbr00.htm