Reflection Term Paper Example | Topics and Well Written Essays - 500 words

Reflection - Term Paper Example The four major financial statements are the income statement, balance sheet, statement of retained earnings, and the statement of cash flow. The income statement and balance sheet are often referred to as common size financial statements. The income statement measures the profitability of a company during a specific period of time. The normal accounting cycle takes one year to complete. The financial statements are the end result of the accounting cycle. The balance sheet shows the financial position of a company at a specific point in time. The three major components of the balance sheet are the assets, liabilities, and stockholders equity. The balance sheet is prepared based on the logic from the basic accounting of equation. The basic accounting equation states that assets equal liabilities plus stockholders equity. The statement of cash flow illustrated the inflow and outflows of cash during a financial period. The three sections of the statement of cash flow are operating, finan cing, and investing. The statement or retained earnings outlines the changes in equity during a financial period. The Sarbanes Oxley Act of 2002 was created by Senator Paul Sarbanes and Representative Michael Oxley. The purpose of the act was to raise investor confidence in the stock market after the financial debacles that occurred at Enron, Tyco, and WorldCom among other companies. The Act was created to increase the accountability, reliability, and accuracy of financial information. The Sarbanes Oxley Act is composed of 11 titles. The 11 titles of the Sarbanes-Oxley Act are listed below: The third subject of accounting that will be discussed is conservatism. Conservatism states that if a situation arises where there are two acceptable alternatives for reporting an item, conservatism directs the accountant to choose the alternative that will result in less net income and/or less asset amount (Accountingcoach, 2011). When an accountant is

Changing roles of women in japan Research Paper

Changing roles of women in japan - Research Paper Example Moreover, the Taisho era in the year 1912 perpetuated Japan’s journey to the corresponding modernity by embracing more Western cultures. The gender building of the women within Japanese society altered from the Tokugawa epoch to the corresponding World War I. Within the epochs of Tokugawa and Meiji, women were mainly assigned family responsibilities and duties and possessed restricted rights. Nevertheless, during the era of Taisho and subsequent to World War I, women commenced to foster for equality thereby rebuffing the underlying traditional gender ideologies. Numerous women did not subscribe to the traditional gender responsibilities by either becoming geishas or prostitutes. This resulted to numerous debates amongst both the female and corresponding male activists in regard to the issues of women’s responsibilities that were seen as means of eliminating prostitutions (Yu, 89-125). The role of women within Japan is extremely diverse as compared to the responsibility of the modern day women within the western civilization. Nevertheless, this the same to the responsibility women undertake within the American forty years ago. Presently women within Japan are required to devote their underlying energies in bringing up their offspring whilst men dedicate themselves to careers (Farris, 122-245). Nevertheless, there is an escalation within Japanese women in regard to expressing interest in the full time careers. Majority of the women are young and single without offspring. Moreover, they are extremely educated (Mo?hwald, 23-79). Literature review Since 1940’s women in japan have pursued to modify the old-fashioned responsibility of a working woman who turn into a mother and a housewife after marriage.... Since 1940’s women in japan have pursued to modify the old-fashioned responsibility of a working woman who turn into a mother and a housewife after marriage. This is clearly elaborated in their perception of Japanese family organization and matrimony. The present society demonstrates an upcoming group of young and educated women who pursue a career as a working woman while also still take part in their reproductive roles. The transformation mainly began after World War II when Japanese women developed rather a more personal approach to life. Initially, Women waited to become older in order to marry, most of them often lived at home longer, visiting to Hawaii, and contributing to the economic development with their little income. In general, the present Japanese society is characterized with the decline in arranged marriages; instead many women are taking responsibility to find themselves husbands. In comparison to the past, women continue to work even after marriage and giving birth. Nonetheless the adjustments in the society, married women who work are still considered a threat to the family. Inequality between women and men is still enormous regardless of the new reforms and different attitudes towards traditional family life. The notion can be justified with the popular traditional expression that states that â€Å"Good wife, wise mother. As it is a tradition in many countries and cultural practices of different communities of the world, women in Japan were oppressed and dominated by their male counterparts for a very long time.