Case 13-8 Accounting for a Loss Contingency for a Verdict on Appeal In this case we are presented with the scenario that a company faces a pending litigation. We are supposed to surmise how this liability will be reported, as well as, the resulting effects on the financials in the years in question. In my opinion, the primary accounting to be resolved is whether to accrue the liability, disclose the liability or simply count it is as immaterial and do nothing. As we progress through the scenario we are presented with subsequent facts which suggest that our decisions will indeed be impacted and changed due to litigation and we must act accordingly. The following are the questions asked by the case and my understanding of applicable GAAP.
He suggests focusing on needs of old individuals and anticipate the future needs of those who are not yet old. ISSN: 00163317 Accession Number: 28795453 Database: MasterFILE Premier Social development is considered to be a time period in which individuals acquire personal and social identity. While researching a topic and article in regard to social development in adulthood, I came across an article titled “Navigating a New
Life history theory looks at human lifespan stages through birth, infancy, childhood, reaching puberty, through reproduction stage, menopause, grandma stage and death. We may have a better understanding of why we get old and die as life history approach answers the questions as to why we have evolved the way we did and why we have the particulars of the lifecycle that we have and it helps us understand how decisions that are made biologically and behaviorally early in life, particularly during prenatal and postnatal growth and development, affect
I will compare resource poor countries Karala in India and Chinas end –of-life care (EOLC) practises to see whether western practise can learn anything. Secondly I will be focusing on the benefits and negatives of EOLC in the community and within an institution. I will reflect from my professional experience and summarise my findings. I will be using the book K260 death and dying in context block 2, K260 DVD and internet resources to illustrate my points. Institutionalisation within western society has become more accepted and accessible throughout the 20th century since the development of the ‘modern hospice movement’ (Clark, 2007a, 2007b, P19).
The better we are informed we are about aging and what to expect, the better we are able to evaluate and resist many of the inaccurate and negative stereotypes of aging. Listen to seniors, who have experienced ageism, they are in the best position to tell us how ageism affects their lives. It is very common for older adults to face discrimination in housing, health, and other key services. They may be treated as burdens on services, excluded from or simply refused admission to services. Learn
Psychological Theory of Aging The psychological theory of aging category “Developmental Stage Theories and Self-Theories of Late Adulthood” from the course lesson lecture notes would most closely align with my own view of aging. These views are based from Erik Erikson’s model of psychosocial development; the word psychosocial is Erikson’s term, derived from the words psychological and social. They rely heavily on cultural and social forces, but emphasize biological factors as contributors. Erikson’s psychosocial development theory (Erber, 2013, p.241), which I think “Developmental Stage Theories and Self-Theories of Late Adulthood” from the course lecture notes is representative of, has eight stages of development, only the last three stages impact adulthood and old age. These three stages and their corresponding psychosocial challenges are: Young Adulthood’s Intimacy versus Isolation (ages 20-40), Middle Adulthood’s Generativity versus Stagnation (ages 40-65), and Late Adulthood’s Integrity versus Despair (ages 65+).
http://www.merriam-webster.com/dictionary/ageism • What is the Age Discriminitation in Employment Act (ADEA)? How does the ADEA address issues for the aging population? The ADEA is a federal law that prohibits age discrimination by employers with more than 20 employees that are over the age of 40, It also protects workers that are 40 years and older from being fired and then being replaced by someone that is younger in age. But it also works the other way around as if an older person was hired in place of a younger employee. Even with the ADEA in place all age groups are still fighting for their rights.
While only addressed as Editor by the article, I looked on the New York Times Staff page and believe that Andrew Rosenthal, the editorial page editor of The New York Times, is who they’re talking about. He most likely lives in New York, and is against the use of tobacco products by younger adults and teens (as well as children). The Editor wrote this article for his job and because he thinks it’s wrong of the tobacco industry to be avoiding taxes and for them to be selling flavored tobacco products. His purpose is to inform the public of the avoidance of taxes by tobacco companies and the harmful effect of flavored cigars/other tobacco products on young adults, so that the public may put pressure onto the F.D.A. and Congress to make the necessary amendments to the current laws and regulations to prevent these two problems.
Why can I go out to fight for my country, but I can’t come home to buy a drink to celebrate? Last but not least, why would the age of twenty-one, only three years older than eighteen insure that I am much more responsible to drink? If they are given the rights to buy cigarettes and fight for their country, they should at least have the right to consume alcohol legally. I personally know people who are more mature and more intelligent that are under twenty-one who are more responsible drinking than some people I know that are over twenty-one. An age should not put restrictions on whether or not a person is capable of doing something.
We must urge our politicians to look carefully and make choices that will help the people and not to play up to the people who have money. I do not have enough money saved for retirement and would need Social Security and Medicare in later years. I know that the majority of federal spending is defense-related or interest on the debt and the rest goes to Social Security, Medicare and Medicaid. Medicaid is often thought of as a poverty program, but today it is used largely to provide nursing care for the elderly or disabled. I would like to have these programs in place when I am in my 70’s or 80’s because how will I be able to afford the costs of nursing care or home health care without