Love is a central theme in Shakespeare's play "As You Like It." It is depicted in various forms and through a variety of characters, and it plays a significant role in the development of the plot and the resolution of conflicts.
One prominent example of love in the play is the love between Rosalind and Orlando. Despite the societal barriers that stand in their way, they are drawn to each other and their love grows stronger as the play progresses. Orlando is initially infatuated with Rosalind and writes love poems to her, but it is only when they are exiled to the forest of Arden and have the opportunity to spend time together that their love truly blossoms. Through their conversations and interactions, they come to understand and appreciate each other more fully, and their love becomes more genuine and enduring.
Another example of love in the play is the love between Touchstone and Audrey. Touchstone, a fool, falls in love with Audrey, a simple country girl, and their relationship serves as a contrast to the more refined and sophisticated love between Rosalind and Orlando. Touchstone's love for Audrey is genuine and heartfelt, and he is willing to marry her and make a life with her in the forest, despite the fact that she is not as educated or refined as he is.
The theme of love is also present in the relationships between other characters in the play. Duke Senior and his followers find love and acceptance in the forest of Arden, and the characters of Celia and Oliver also undergo a transformation as they learn to love and accept each other.
Overall, the theme of love in "As You Like It" is one of the play's most enduring and universal themes. It is depicted in various forms and through a range of characters, and it plays a key role in the resolution of conflicts and the development of the plot. Love is shown to be a powerful force that can bring people together, overcome obstacles, and bring joy and fulfillment to those who experience it.
Principles Based Accounting Standards
Therefore, it must eliminate the gap between the International Financial Reporting Standards IFRS and US Generally Accepted Accounting Principles GAAP. The standard IFRS requirements cover a wide range of financial statements, including the statement of cash flows, the The U. Generally Accepted Accounting Principles. By contrast, principles-based accounting allows for the application of professional judgement of accountants as they assess the substance of any transaction and prepare financial documents. . Accounting standards vary across countries of the globe, most standards are set based on the financial data prevalent in the country. Since accounting principles differ around the world, investors should take caution when comparing the financial statements of companies from different countries.
GAAP: Understanding It and the 10 Key Principles
Herz, chairman of the FASB has noted, when accountants, auditors and standard setters apply reasonable amount of judgement, it is likely to enhance professionalism in financial statement reporting. . In other words, in a principle's based accounting system, companies, and their comptrollers and accountants, must rely not only on a loose set of criteria; they must also follow established rules, as they would in a rules-based accounting system. Both GAAP and IFRS require investments to be segregated into discrete categories based on asset type. Truthful presentation of economic reality For the investors to have high satisfaction, it is important for the organization to use an accounting system that can produce accounting information that reflects true and correct economic performance. .
Principle
This was a big achievement because prior to the ruling, non-U. . Correspondingly, understanding the law in those countries as well as the rules and regulations that business can comply with is required by accountants these days. IFRS is a standards-based approach that is used internationally, while GAAP is a rules-based system used primarily in the U. This is where the IFRS enters: It is a nonprofit foundation that sets criteria for principles-based accounting methods. Vital elements of accounting standards include specification of monetary units, identification of the entity reporting, reporting time frames, among others. The FASB pronouncements include Statements of Financial Accounting Concepts, Statements of Financial Accounting Standards, FASB Technical Bulletins, EITF Abstracts, and FASB Interpretations.
Accounting Standard
Investors should be skeptical about non-GAAP measures, however, as they can sometimes be used in a misleading manner. In the case of rules-based methods like GAAP, complex rules can cause unnecessary complications in the preparation of financial statements. GAAP, the research is more focused on the literature whereas under IFRS, the review of the facts pattern is more thorough," Forgeas says. In theory conceptual framework drives the development of accounting standards. GAAP Accounting Standards to qualify for listing on the U.
Accounting Principles Explained: How They Work, GAAP, IFRS
. Accounting policy makers design accounting standards to provide faithful reporting, therefore transparency of financial statement is the main emphasis of accounting standards. Companies in different countries often calculated, and reported, financial statements on different bases. In sum, guided by the SEC, the GAAP, sets rules-based accounting standards that are used mosty by U. Due to the economic and financial scandals and meltdown in recent years, the pressure has been increased on some countries such as United States. Rules-Based Standards Even when IFRS standards are applied to principles-based accounting, this method is far too susceptible to the "abuse of discretion," according to a 2018 study conducted jointly by economists from The University of Chicago Booth School of Business and the NYU Stern School of Business.
:max_bytes(150000):strip_icc()/Term-a-accounting-principles_Final-1e48ef465a1d4bd6a2a523ae96652380.png)