Tuesday, August 20, 2019
Portrayal of Women in the Media Essay -- Women Television Gender Psych
Portrayal of Women in the Media Gender is the psychological characteristics and social categories that are created by human culture. Doing gender is the concept that humans express their gender when they interact with one another. Messages about how a male or female is supposed to act come from many different places. Schools, parents, and friends can influence a person. Another major factor that influences millions of impressionable females and males is television. Not only does the television teach each sex how to act, it also shows how one sex should expect the other sex to act. In the current television broadcasting, stereotypical behavior goes from programming for the very small to adult audiences. In this broadcasting range, females are portrayed as motherly, passive and innocent, sex objects, or they are overlooked completely or seen as unimportant entities. Stereotyping women is not only rampant in the adult world; it also flourishes in the kiddie universe as well. Here, there are depictions of women and girls as motherly or innocent, silly, and passive. This occurs not only in popular programming on Public Broadcasting, but also on television in other countries. Mothering images on Philippine TV has shown some of the same trends that is seen in the United States. Although ââ¬Å"Teletubbies and Barney & Friends display an equal representation in number, each show displays gender stereotyped qualities,â⬠it is obvious that these programs are sometimes reinforcing the wrong ideas about gender roles to children, roles that feminists have been battling for almost half a century. ââ¬Å"Both programs demonstrated clear gendered roles with males being more active and females being more social and passive. This distinction appeared most obviously in the real-life segments of both programs with women as mother or passive viewer of ac tion. Neither program shows women or men in non-stereotypical roles, indicating at an early age children are exposed to gender-specific occupational expectations.â⬠Each show has children as additional characters, and each episode consists of a live action activity. In Barney & Friends, Barney interacts with two female sidekicks. Baby Bop is ââ¬Å"a silly, excitable, and giddy [dinosaur] carrying a blankey, wearing a bowââ¬âa stereotypical little girlâ⬠. She plays dress-up, sings, and plays pretend where she might be a ballerina or... ...get less attention than maleââ¬â¢s. ââ¬Å"On boysââ¬â¢ favorite TV shows, male characters are frequently portrayed at work, while the occupations of nearly half of female characters are unidentified.â⬠This is damaging because boys will begin to think that either women are lazy and canââ¬â¢t find work, or their work is not important enough to be seen as something to regard. The media and television broadcasting of women is not all negative. But current culture is constantly taking the easy way out. It refuses to explore different ways in which women can be represented. That is why for years to come women will still be seen as motherly, passive and innocent, sex objects, or they are overlooked or seen as unimportant entities. Whether itââ¬â¢s motherly birds on kids TV shows or scantily clad dancers on Monday Night Football, the portrayal of women has yet to catch up with what real life women are like. There are single women, obese women, and smart women. Women who are single momââ¬â¢s, lesbians, or donââ¬â¢t have any children at all. Women are able to do the same type of work as men without being manly. The day that women are treated as equals on television will whole new level of success for feminism.
Monday, August 19, 2019
Our Young Folks - An Ethical Guide for Children :: Our Young Folks
Our Young Folks - An Ethical Guide for Children Our Young Folks was a childrenââ¬â¢s magazine that ran from 1865 until 1873. Although the magazine didnââ¬â¢t last long, it was widely read by children across the country and even abroad, and circulation eventually exceeded 75,000 (Kelly 345). The magazine began publication just four months before the end of the Civil War, and during this time of upheaval Our Young Folks was an ethical guide for the nationââ¬â¢s children. Nearly every story offers the reader a moral, and children were continually urged to put others before themselves. Selfless Models One of the ways Our Young Folks gave its readers moral instructions was by setting examples. The magazine was packed with stories of selfless children who lived and died for others. Such characters were held up as models for how the young readers of the magazine should behave. One of these selfless stories is ââ¬Å"My Heroine,â⬠which is a poem about a young girl who dies while protecting her baby. Stanzas six and seven clearly outline the childââ¬â¢s heroism: Her mother gave the piteous tale: ââ¬Å"How that childââ¬â¢s courage did not fail, Or else poor baby-â⬠She stopped, pale, And shed tears without number; Then told how at the fireside warm, Lizzie, with baby on her arm, Slipped- threw him from her- safe from harm, Then fell- here in her slumber. à Lizzie shrieked, ââ¬Å"Take him!â⬠and uptossed Her poor burnt hands, and seemed half lost, Until a smile her features crossed, As sweet as angelsââ¬â¢ may be. ââ¬Å"Yes, maââ¬â¢am,â⬠she said, in feeble tone, Our Young Folks - An Ethical Guide for Children :: Our Young Folks Our Young Folks - An Ethical Guide for Children Our Young Folks was a childrenââ¬â¢s magazine that ran from 1865 until 1873. Although the magazine didnââ¬â¢t last long, it was widely read by children across the country and even abroad, and circulation eventually exceeded 75,000 (Kelly 345). The magazine began publication just four months before the end of the Civil War, and during this time of upheaval Our Young Folks was an ethical guide for the nationââ¬â¢s children. Nearly every story offers the reader a moral, and children were continually urged to put others before themselves. Selfless Models One of the ways Our Young Folks gave its readers moral instructions was by setting examples. The magazine was packed with stories of selfless children who lived and died for others. Such characters were held up as models for how the young readers of the magazine should behave. One of these selfless stories is ââ¬Å"My Heroine,â⬠which is a poem about a young girl who dies while protecting her baby. Stanzas six and seven clearly outline the childââ¬â¢s heroism: Her mother gave the piteous tale: ââ¬Å"How that childââ¬â¢s courage did not fail, Or else poor baby-â⬠She stopped, pale, And shed tears without number; Then told how at the fireside warm, Lizzie, with baby on her arm, Slipped- threw him from her- safe from harm, Then fell- here in her slumber. à Lizzie shrieked, ââ¬Å"Take him!â⬠and uptossed Her poor burnt hands, and seemed half lost, Until a smile her features crossed, As sweet as angelsââ¬â¢ may be. ââ¬Å"Yes, maââ¬â¢am,â⬠she said, in feeble tone,
Sunday, August 18, 2019
Canada Lacks A Real National Identity Essay example -- essays research
Canada Lacks A Real National Identity à à à à à I believe that Canada lacks a real national identity. Canadians tend to identify with community and region rather than the nation. Because Canada has such a great cultural diversity the Canadian identity is shaped by our values and attitudes as they have emerged from our history and geography. Bilingualism and multiculturalism are very important to the Canadian identity. They both strengthen and challenge Canadian identity. Because Canada has so many cultural and regional groups, interaction between them influences oneà ¹s identity. Differing views of Canada by Canadians and other countries prove that Canada does not have a true national identity. Because of these factors Canada lacks a national identity, one which everyone can recognize. à à à à à When someone asks a Canadian what his nationality is, he does not reply, à ³Canadianà ², instead, à ³Germanà ², à ³Scottishà ² or à ³Ukrainianà ². This is because we as Canadians do not see ourselves as distinct Canadians. We need to have a common idea of what it is to be Canadian rather than always identifying with the place we came from. We identify with community or region over nation. To gain a Canadian identity we must learn to identify with a nation, Canada. This is one of the main reasons we lack a Canadian identity, because we as Canadians do not really think of ourselves as Canadians. We may be Canadians but we think of Canada as a place of refuge rather than a home. This ties in with our lack of patriotism. Many Canadians that I know, come Olympic time or another big world competition, rather that cheering for Canada, will cheer for their home country. A reason for this is because of our multicultural society. Because in Canada, Ã
â anything goesà ¹, there is no push to be Canadian. So they can do what they want and carry on with their cultural traditions. Because there is really no Canadian identity to begin with, it makes it all the easier for them to carry on as they wish. This explains why people who are Canadian citizens tend to identify more with community or region than with Canada. à à à à à Canadians all have different values and traditions, like any country, but in Canada there is a great diversity of values and traditions. This makes it harder for people to identify with each other. Alexander and Pearl e... ...e West feel alienated by the East and think that they are not cared about, that they do not have an equal opportunity with those in the East. Those in the East think the Westerners are treated the same and that there is nothing for them to be upset about. Canadians as a whole do not see Canada the way the other countries do. Canadians donà ¹t think we are as great of a country as we really are. The country of Canada lacks a true national identity, partly because of all of the different views of Canada. à à à à à Because of many factors, Canada lacks a real national identity. Canadians identify with community, region, but rarely a nation. Values, attitudes and cultures of different groups shape identity as they have emerged from our history and geography. Bilingual and multicultural polices which help people preserve their own cultures can also have an affect on Canadian identity. Interaction between groups and people that have different views on Canada can influence the Canadian identity. Even though people have their own idea of the Canadian identity, Canada lacks a true national identity, one that is clearly Canadian and can be recognized by anybody, anywhere.
Saturday, August 17, 2019
Mr Makedama
Macadam case analysis by UCT group of MBA students Company overview: Macadams Bakery Supplies Holdings (Macadams) is a manufacturer of oven and other appliances for the baking industry. Their financial statements for 1996 highlight a very strong year. Turnover grew by 59% to R125. 3m and profit increased by 81%. An acquisition of Livanos Brothers (February 1996) took place in response to the increased demand in the local market as well as an expansion of market base in foreign markets. Depreciation of the Rand against other major currencies also supported export sales.The company has entered a phase of rapid expansion, expanding its main factory in Cape Town by 50%. As well as opening new sales and distribution centers in Durban and Bloemfontein in the current year, with further plans to expand in to Zimbabwe in the following year. An analysis of the companyââ¬â¢s financial statements will determine whether the company is in a position to leverage its expansion, or whether it is p erhaps growing too rapidly. Detailed Financial Analysis Profitability: Macadams experienced a healthy turnover, which increased by 58. 5% between 1995 and 1996.This ââ¬Å"abnormallyâ⬠high growth in turnover was due to a surging demand for their products, favorable exchange rates and acquisitions of businessââ¬â¢s, which complimented their current product portfolio. They further expanded the operational network to service the growing market they were operating in. It should however be noted that a growth rate of 58. 5% per annum is not sustainable or realistic, and although Macadams has extended their products and services to global markets through joint ventures and M&Aââ¬â¢s, there would be a point where there growth would become organic, or at least in line with industry standards..Although operating and net margins have improved since 1995, the net margin remains low at 8. 5%. This indicates that despite dramatic increases in revenue, Macadams have only marginally im proved the ability to generate profits. Liquidity: The income statement displays a healthy growth by Macadams; however the cash flow statement shows a contradictory picture. Macadams have a serious liquidity problem. Cash generated from operations is significantly down by 87% in comparison to the prior financial year.The operation did not generate sufficient cash to fund its interest, taxation or dividends payments for the year. As a result these payments were made through borrowed funds. Working capital movements in 1996 adversely impacted cash generated by operating activities, with a noticeable increase in working capital of 595% from R2. 7million to R19million. This is due to an increase in inventory of 66%, to meet perceived consumer demand, which was funded by cash resources. There has also been an increase in debtors of 129%, due to increased credit sales.Furthermore, creditors increased by 87%, which only partially offset the increase in current assets. This is a scenario of a business expanding too rapidly. There are high levels of sales and gross profits, but a serious cash flow problem created by inventory build-up, and high level of receivables. Cash is now tied up in stock and debtors. The lack of available cash in the business could impact Masadamsââ¬â¢s ability to service their short-term liabilities. Efficiency: Macadams have become less efficient in 1996. The accounts receivables increased by 129% in 1996.Reviewing the debtorââ¬â¢s collection period we can clearly see the longer collection period (53 days in ââ¬â¢95 to 77 days in ââ¬â¢96) could be indicative of more relaxed credit terms, which could be MBSââ¬â¢s strategy to attract more sales and increase turnover. This strategy does however create a risk of bad debt and creates a problem for operational cash flow, as it currently is experiencing. It is also noted on the financial statements that Debtors have been used by ceded to the banks as security for facilities granted. Ce ssion of debt means that the banks do not have faith in Macadamââ¬â¢s ability to repay its debt.Leverage The debt ratio has increased by 9%; this was for the funding of the expansion. The additional funding taken out, mortgage loan is secured by land and buildings, and the movable assets secure the installment sale agreement. This is risky as it means should Macadams fail to make payment on either of these loans, they would lose R4. 3 million of its movable and immovable assets. Incurring debt to expand their operations and grow the business is not a bad thing, and is necessary. Despite the massive increase in debt, the interest cover ratio is still healthy.This however, is not a cash based ratio and gives us no indication as to whether the company is able to make its cash payments to service the increased quantities of debt. For this reason the concern would be raised with respect to Macadams ability to service their debt. This concern is specific to their lack of liquid funds a vailable in the business. DuPont analysis: With the aid of the DuPont model of analysis the following observations were made: Macadams ROE, of 30. 63%, has decreased by 1. 4% during the financial year under review.However it could be seen as a good return on equity, as it is 10% higher than the prime interest rates at the time (20. 25% Nov 1996). Macadams have become less efficient in using its assets to generate profits. Itsââ¬â¢ efficiency ratios demonstrate a drop from 2. 37 to 1. 90; however this could be explained by the timing of the acquisition of assets. Vacant land was acquired in September 1996, just three months before the December year-end, and new premises opened in Bloemfontein in November 1996. These assets would not yet have had the opportunity to generate the profits that may be expected in future.Macadams profitability has increased marginally since the previous year; however their net margin is still a low 8. 50%. Macadams are not using its revenue to generate sufficient profits. In terms of leverage, the ratio has increased marginally from the 1995 financial year, to 1. 89, in line with increasing debt in terms of both long-term and short-term borrowing. Conclusion: Macadams are a promising business which is currently generating high sales volumes and generous profits. The problem with the business is the following: â⬠¢Their inability to translate their sales into cash. The drive and efforts to grow the business at a rate which is not practical to their available resources and balance sheet; this results in the following: oAccrual of high volumes of long-term and short-term debt. oHigh inventory levels as a result of their steep growth plan which they have implemented (cash on the shelves/in the store room) oIncreased overheads to operate newly established network offices to service the market. If Macadams operates their business as they are, they will eventually grow their business into bankruptcy.As a ââ¬Å"turn aroundâ⬠stra tegy, I would implement the following initiatives to maximize the output of the business and create a more sustainable business model. â⬠¢Slow-down the growth rate which Macadams is currently experiencing. â⬠¢Limit its debt, i. e. not take out any further debt. â⬠¢Analyze the current business operations to improve operational efficiency, thus decreasing COS of sale per unit sold, and inevitably increasing gross, net and operating profit margins. â⬠¢Improve sales efforts to reduce inventory levels, and simultaneously increasing overall sales. Macadams should also review their current costs and look for cost saving initiatives. This will ensure that the revenue increase is matched with a similar increase in profits. â⬠¢Ensure the business is more liquid by having more operational cash and cash in the business; this can be achieved by decreasing the debtorââ¬â¢s collection period from 77 days to 30 days, and increasing their creditorââ¬â¢s period to 45 days. I f I had shares in Macadams I would hold on to them if the above initiatives were implemented, as this would ultimately result in an increased EPS.
Friday, August 16, 2019
Body Comodification in Maria Full of Grace
Writer and director Joshua Marstonââ¬â¢s film ââ¬Å"Maria Full of Graceâ⬠chronicles the titular characterââ¬â¢s foray into the drug trade. The young girl, in desperate circumstances, wagers that the money promised to her by her drug running employers against the plethora of possible unfortunate outcomes, and when she accepts the job, her body effectively becomes commodified. Maria, in the film, is reduced by her employers from a daughter, sister and expectant mother to little more than a human container, a clandestine vessel to facilitate the import of cocaine into the United States from Columbia. Maria Full of Graceâ⬠exposes the methods that drug cartels use to ensure that their shipments arrive to their destinations. The mules are made to swallow pellets of cocaine, and, upon arriving in the United States, excrete them to be sold. This method of delivery is fraught with danger. There is, of course, the possibility that the mules will be discovered by authorities on either side of the border, and smuggling such large quantities of narcotics carries hefty penalties that could see them locked up for life.Another, even more serious threat is that the pellets could, at any time, rupture inside of the muleââ¬â¢s body, which is tantamount to a death sentence. With these dangers being considered, it can be difficult to imagine how someone could allow themselves to be used in such a way, but, luckily, the film includes the necessary motivations. Maria is prompted to become a drug mule when she loses her job de-thorning roses. She had been keeping her struggling family afloat with this occupation, and was in desperate need of employment, especially considering she was pregnant.While all drug mules have various reasons for choosing to use their bodies to transport drugs, most of those reasons are to escape desperate circumstances. The mules are given the opportunity to feed their starving families, to find some solace from their impoverished lives. The mules hold no illusions about becoming rich, they are simply compelled by their lack of options to accept any job that pays well, even if it means risking anything.Drug mules are compelled by desperation into the horrific world of drug smuggling, but the cartels are motivated only by lust for greed and profit. This represents yet another risk that the mules must face. In ââ¬Å"Maria full of Graceâ⬠when Lucy falls ill, the cartel members that contact her pay no mind to the fact that she is dying before their eyes. To the drug runners, Lucy has fulfilled her purpose by transporting the cocaine, and they thus have no reason to protect her life. When Lucy dies, she is disemboweled in the bathtub of a hotel room for the drugs she was carrying. nd her body is simply and unceremoniously dumped, this turn of events serves to showcase the fact that the cartels feel no empathy towards the people that they rely upon, for, to them, they are not people, but have been reduced to mere objects. ââ¬Å"Maria Full of Graceâ⬠helps to showcase how globalization is allowing human beings to be reduced to commodities. The international trade in drugs makes many unscrupulous people a lot of money, and so, those people are willing to go to any lengths to ensure that the drug trade between nations continues.When border patrol agents, drug sniffing dogs and the coast guard shut down avenues of trade, the cartels turned to the idea of using people as the containers of their wares. This commodification of the human body dehumanizes the mules to such an extent that when they die serving their employers, their thanks is to be cut beyond recognition for their cargo and disposed of, as if they were trash to be thrown out. Joshua Marstonââ¬â¢s film perfectly reveals the negative ways in which globalization has led to the commodification of the human body
Thursday, August 15, 2019
Othello/ Good vs Evil Essay
Life in general is often used as a system of ways to define what kind of person you are by its end. Shakespeare takes that theory into test upon his characters in his work of the famous play Othello. Through the verbal twists and turns along with the addition of color symbolisms, the personalities of Othello, Iago, Desdemona are revealed to their fullest extents, along with their own balance of good and evil within. When this is realized by this famous Shakespearian work, the judgment of good and evil is carried out, and as a result of mass purging of emotions, neither prevails in the resolution. Othello, due to his Moorish nature but at the same time morally white and untainted, can be considered grey with the opening of the play, but possesses the potential to become either the most brilliant white or the darkest black. From the way that he is described by Iago and sometimes Brabantio, he is a dark beast lurking in the shadows, but he is as white as he can be by the Duke. Grey is a color not quite white nor black, hesitation and confusion wavering behind his eyes. This confusion is caused by his naivete at trusting people too easily, and Iago eagerly takes this weakness to his advantage. So that when Iago manipulates Othello, Othello unknowingly gives in to the temptation, even going as far as telling Iago ââ¬Å"I am bound to thee for everâ⬠(III. iii. 242). Othello at this point is completely taken in with Iagoââ¬â¢s mind poisoning and willingly submits to him, yielding to his trickeries. Inevitably with a little push from Iago, Othello slowly goes down the path of dark and pure blackness, with murder evident in mind. With Iagoââ¬â¢s tampering of his inner moralities, Othello turns black like a speeding snowball, once Iago set him on the right path. Everything else Othello had done the damage himself; Iago only suggested the notion in the most subtle of ways. Thus he sometimes ââ¬Å"breaks out to savage madnessâ⬠as Iago put it, when being put under such pressure (IV. i. 65). He is so far gone that he even has epileptic fits hearing of Desdemonaââ¬â¢s infidelity. Othello turned out to be evil when he became so mad that he extended his hands to Desdemonaââ¬â¢s neck and smothered her to death with a pillow. Only after he kills her he realizes too late that Desdemona is innocent from the start, and has been shining ever since, and only the darkness has clouded his vision and perception of her tempting him to kill her. The fact that he has succumbed to that temptation shows how the good in him has lost its battle to the evil corruptions of Iago, even though he made some futile struggles against them. Othello has given in towards evil because of his weakness and his judgment is heightened by his murder of his wife Desdemona. Even though at the end he seems repentant towards the deeds that he has done, he still lost, and decides to end his sufferings by offering his final defeat ââ¬â his life. Even so, evil has not truly prevailed by the end of the play, and is instead overcome by the good that is the Venetian society. Iago holds one true goal in his plotting ââ¬â to corrupt Othello so that he will turn against the ones closest to him. But as the play progresses, there also seem to be a power struggle, whereas Iago is jealous of Othelloââ¬â¢s position and empowering authority and wants Othello out of the way so that he can assume power. Iago is tired of acting like one ââ¬Å"courteous and knee-crooking knaveâ⬠like he always appears to be (I. i. 46). He does not the type of servant that is humble and waits for his master like an obedient mule, and only to be tossed out when he is all weathered and old. No, since Iago is unable to choose to be a master, he is the servant that feeds off the fame and ââ¬Å"keep yet their hearts attending on themselves,â⬠still showing his service to his master but instead is more self-preserving with no attachments at all towards the master (I. i. 52). Iago chooses to follow someone who is able to be manipulated, and declares upon the opening of the play that he is no loyal servant to Othello. He puts up a front of honesty and seeming whiteness, but inside he is just as black as he is white on the outside. In this way he goes to battle the good, the whiteness in Othello, and in turn making his defeat beneficial to his evil plans. It is very obvious that his challenge against good is a victory when Desdemona is murdered by Othello, but evilââ¬â¢s victory is short-lived. Almost immediately, Iagoââ¬â¢s wife Emilia turns against him and uncovers the blackness that he truly is underneath his false honesty. Ulterior moves exposed, he is hunted down by the officials of Venice after killing Emilia and brought back to be tortured. His plans have failed, lost to the good and foiled by societiesââ¬â¢ ironies, betrayed by his wife, after successfully making Othello kill Desdemona for doing the exact same thing. In this way, evil has not prevailed, and goal gone unaccomplished by goodââ¬â¢s interruption. Evil may have won Othello and Desdemonaââ¬â¢s soul, but in itself evil did not triumph over good, as Iago lost his power and discovered and punished accordingly. All in all, evil and good is expressed as a never-ending fight in Shakespeareââ¬â¢s tragedies. None overcomes the other, ending the play in a stalemate and effectively purges deep emotions within the audience. Also, the inevitable stalemate that leaves both sides wounded stirs some incomprehensible feelings as to why humans even bother fighting at all in the first place. It is not humansââ¬â¢ place to judge, but to act accordingly to the great director that is the world. World puts humans through excruciating hardships in order to define a personââ¬â¢s soulââ¬â¢s worth at the time of death. Life is the judgment for humans, as they, like Othello, contain both black and white and has the potential to turn either way down each individual lifeââ¬â¢s paths. Evil and Good is recognized as each quality manifests during a personââ¬â¢s lifetime, and only at the moment of death is he able to look back and see what he truly is without hindrance of the other.
Communication Case Essay
Ethics Case 4-7 ââ¬â Income Statement Presentation of Unusual Loss Requirement The Cranor Corporation suffered $10 million in expenses linked to a product recall. The company had endured product recalls in the past and they still occur in the business. To show revenue from continuing operations, Jim Dietz, the controller, wishes to describe the $10 million as an extraordinary loss, instead of an expense included in operating income. He states to the CEO that the company has never had a product recall of this size and that the corporation fixed the design flaw and improved quality control. The drawback is, in order for Jim to categorize the loss as an extraordinary item, he must view that the losses in the companyââ¬â¢s financial statements are infrequent and unusual. He must also presume this event is not likely to occur again in the future profitability. (Spiceland, Sepe, & Nelson, 2013, p. 188) The Journal of Accountancy states that extraordinary items are gains and losses that are material, and result from events that are both unusual and infrequent. (Ext raordinary Items Share Exclusive Company , 2013) These criteria must be considered in light of the environment in which the entity operates. There obviously is a considerable degree of subjectivity involved in the determination. The concepts of unusual and infrequent require judgment. In making these judgments, an accountant should keep in mind the overall objective of the income statement. The key question is how the event relates to a firmââ¬â¢s future profitability. If it is judged that the event, because of its unusual nature and infrequency of occurrence, is not likely to occur again, separate reporting as an extraordinary item is warranted. The ethical dilemma faced by Jim Dietz and the companyââ¬â¢s chief executive officer is that it appears from the facts of the case that it would be difficult for the company to come to the conclusion that a material product recall is not likely to occur again in the foreseeable future. This type of event has occurred before and is common in the industry. While a subjective judgment, extraordinary treatment of the $10 million does not appear warranted. Is the obligation of Jim and the CEO to maximize income from continuing operations, the companyââ¬â¢s position on the stock market and management bonuses stronger than their obligation to fairly presentà accounting information to the users of financial statements? If they decide to go with Jimââ¬â¢s suggestion, it would be misleading to the shareholders and creditors about the lost suffered. The misrepresenting of the stakeholders and money market would be sinful and display wickedness, while if the corporation is straightfor ward with the market and shareholders it will demonstrate moral values and show that the corporation is working in the best interest of the investors by not misleading them when it comes to losses. In Exodus 23:1-2 it speaks about bearing a false report. The New International Version states: ââ¬Å"Do not spread false reports. Do not help a guilty person by being a malicious witness. Do not follow the crowd in doing wrong.â⬠With Jim and the CEO being in a management position, they are required to perform many activities in running the entity in the best interest of stakeholders. Their duties include leading and directing an entity, including making important decisions concerning the acquisition, deployment and control of human financial, physical and intangible resources. They are supposed to take the charge for the preparation and fair presentation of the financial statements in accordance to the accounting policies. (Handbook of the Code of Ethics for Professional Accountants, 2013) I think the Cranor Company should include the loss in their net income and continue with the product recall. Including the loss in their net income will show honesty to its stakeholders. They may not receive a bonus, but it is better for them to be honest than risk the consequences of lying about the loss. Leviticus 19:11 says, ââ¬Å"Do not steal. Do not lie. Do not deceive one another. (The Quest Study Bible, New International Version, 1994) By seeing the scripture we can detect how this relates to accounting ethics. Leviticus 19:11 explains that that we are not to steal, and ultimately mislead others. When we associate this verse to this ethical dilemma it would describe Jim Dietz and the company chief executive officer of deceiving the stock market into thinking that the loss was truly an extraordinary item on income statement when in reality, they are misleading them to get a bonus. References The Quest Study Bible, New International Version. (1994). Grand Rapids: Zondervan Publishing House. Extraordinary Items Share Exclusive Company . (2013, September 3). Retrieved from Journal of Accountancy: http://www.journalofaccountancy.com/Issues/2007/May/ExtraordinaryItemsShareExclusiveCompany.htm Handbook of the Code of Ethics for Professional Accountants. (2013). New York: International Federation of Accountants. Spiceland, D., Sepe, J., & Nelson, M. (2013). Intermediate Accounting (7th ed.). New York: McGraw-Hill/Irwin.
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