Critical Thinking 2 Essay Example | Topics and Well Written Essays - 500 words

Critical Thinking 2 - Essay Example Managing earnings is a commonly used strategy that bears many controversies on moral grounds. As matter of fact, managers differ on whether the act is ethical or unethical and only used as the last resort. Managing earnings barely refers to transferring earnings of one period and reporting them in a different period. For that reason, the actions results to nominal rather than real positive benefits. Remarkably, managers only use it lure a positive report as per the specified period. Therefore, managing of earnings is totally unethical as it manipulates the information that the reports provides. Managers understand this fact and thus consider manipulating earnings as only a short-term strategy with majority expecting an advanced long-term consequence. Neither the law nor GAAPs find managing earnings as an inappropriate measure and thus the decision on whether to use it or not is solemnly made by the managers. Literally it happens that every manager has used any of the earning managing options at a time. Though manipulation of operation expenses seems to a best measure, especially when used to reduce earnings, as argued by managers, all measures have one limitation in common. They favour the current report by hiding or misinterpreting crucial information necessary for mutual correlation of all stakeholders (Ketz,  2006). Worse though, these stakeholders are the victims of any misfortunes accruing from the manipulation process. I that perspective, manipulation become unethical as it serves the needs of the manager at the expense of other stakeholders. Though a perfect short term solution adjustable in the long-run, that maybe in line with organisations, the fact that managers are short lived in the organisation as compared to sta keholders, creates some sense of the dilemma addressed in the agency theory.

Child Poverty in Canada Essay Example | Topics and Well Written Essays - 1500 words

Child Poverty in Canada - Essay Example However in my opinion, effective and consistent implementation will surely depend on the other economic parameters like inflation, GDP etc. Hence economic policies to improve these parameters are also significant in addressing the problem of child poverty. Ottawa lacks plan to fight child poverty, coalition says ---- The Star Summary Monsebraaten (2011) in his article presents the stagnant nature of the children living below poverty in Canada. The article refers Campaign 2000 a coalition devoted to eradicating the same problem that over 1989 to 2009 the progress of the Canadian government to abolish poverty is far from satisfactory. This becomes evident from the fact that in 1989 the poverty rate was 11.9% and that in 2009 was 11.9%. Again this meager improvement was not always uniform and rather subject to business cycle fluctuations. In sharp contrast the nation has experienced staggering and almost uniform growth rate for the past 11 years that proceeded the year 2009. A growing i nequality in terms of income distribution in Canadian economy was first time noticed in the Campaign 2000’s first ever report published long back in 2001. Not only the gap between haves and have not has widened over the year; the middle income group was not spared at all and has to devote more and more hours to work to keep their standard of living at the same level. Despite the governments’ extensive effort to fight back poverty that reflected through two reports from the Senate and the House of Commons Committee in recent times; the pivotal point seems to be misjudged. The strong correlation between economic growth of the country and reducing poverty level that is apparently obvious through high level of employment creation seems to overlook an important social factor.... Monsebraaten (2011) in his article presents the stagnant nature of the children living below poverty in Canada. The article refers Campaign 2000 a coalition devoted to eradicating the same problem that over 1989 to 2009 the progress of the Canadian government to abolish poverty is far from satisfactory. This becomes evident from the fact that in 1989 the poverty rate was 11.9% and that in 2009 was 11.9%. Again this meager improvement was not always uniform and rather subject to business cycle fluctuations. In sharp contrast the nation has experienced staggering and almost uniform growth rate for the past 11 years that proceeded the year 2009. A growing inequality in terms of income distribution in Canadian economy was first time noticed in the Campaign 2000’s first ever report published long back in 2001. Not only the gap between haves and have not has widened over the year; the middle income group was not spared at all and has to devote more and more hours to work to keep the ir standard of living at the same level. Despite the governments’ extensive effort to fight back poverty that reflected through two reports from the Senate and the House of Commons Committee in recent times; the pivotal point seems to be misjudged. The strong correlation between economic growth of the country and reducing poverty level that is apparently obvious through high level of employment creation seems to overlook an important social factor. This factor gets revealed through the life of Becky McFarlene.