Tuesday, May 19, 2020

The Stages Of The Policy Process - 858 Words

What are the stages of the policy process? The first couple people to respond in here can think in broad terms, then let s get into more depth and detail. Later responders can just focus on one or two stages and see what insights you can offer. Work with each other to avoid repetition. Any issues arise? Any problems or controversies to discuss? The policy process, political leaders may act on things without knowing the response of others. At times, they may be forced to act on certain issues based on their expert knowledge. Of course, you can’t please everyone. No matter what a policy outcome may be, there is always a group of people that will oppose because it does not meet their interests or it does not benefit them. Our book discusses the give stages in the policy process, and the several factors that are at stake during the process. The first objective is to get the problem on the agenda of the government. There are several factors that can cause this to occur, most importantly, it must grab the elected official’s attention. The political agenda is never at a halt, it is constantly changing as new issues emerge. Public issues that are most important during each era differ. Political discussion of dominating policy depends on the concerns of political equality. It doesn’t necessarily mean that the is sue is strictly about equality, it may also be an environmental issue. It just depends on what issues really pose a threat during a specific time. Two of the mostShow MoreRelatedThe Policy Process1524 Words   |  7 PagesTHE POLICY PROCESS 1 The Policy Process HCS/455 December 2, 2011 The Policy Process 2 The Health care industry has many policies, rules and regulations that have to be followed in order to have a successful company in today’s world. The Health care industry has many policies that keep companies in compliance with all the rules and regulations in order to protect the consumers, patients andRead MoreHcs 455 the Policy Process: Part I Essay1489 Words   |  6 PagesThe Policy Process: Part I Susan Kunz HCS 455 July 6, 2011 Rich Jones The Policy Process: Part I Patient access to affordable health care is an ongoing issue in the United States. The first portion of the policy process involves three different stages, the formulation stage, legislative stage, and the implementation stage. Three main stages exist in the process to transform a topic into a policy (Morone, J. A., Litman, T. J., amp; Robins, L.S., 2008). Coupled with the implementation stageRead MoreThe Process by Which Topics Become Public Policies1577 Words   |  6 PagesBecomes a Policy by for Summer 2013 In the United States, the process by which topics become public policy are the topics of animated cartoons for children (i.e., Schoolhouse Rock!s Im just a bill), but far less known is the specific process by which healthcare topics go on to become formal policies. Because every healthcare policy has the potential to affect all American healthcare consumers, it is important to understand the process by which a topic eventually becomes a policy. To thisRead MoreHealth Care Policy1658 Words   |  7 PagesMedicare Policy Process Brandy Marsh HCS 455 December 12, 2011 John (Jay) Cutspec Medicare Policy Process The health care, policy-making process is composed of three major stages; the formulation stage, legislative stage, and the implementation stage. The policy process refers to the specific decisions and events that are required for a policy to be proposed, considered, and finally either implemented and/or set aside. It is an interactive process with multiple points of access providingRead MorePolicy Process Essay1342 Words   |  6 PagesPart II: The Policy Process Melissa Paciello Health Care Policy: The Past and the Future/HCS 455 April 11, 2011 Bette Sorrento Part II: The Policy Process Part I of the policy process involves, the formulation phase, the evaluation or legislation phase, and the implementation phase. The formulation phase is the stage where the all the information, ideas, concepts, and researches from various people, organizations, and interest groups are taken. The legislation or evaluation process is definedRead MorePolicy Process Part 11591 Words   |  7 PagesThe Policy Process Part 1 The Policy Process Part I Tobacco use and the effects of second hand smoke have been an ongoing issue for many years. Looking at the attitude of the 1950’s and 1960’s when smoking was thought of as cool, suave, mature, etc., there has been a major turnaround in the way society looks at the use of tobacco. Now the issue is not just smoking and the damage to health that it causes, but now there is the additional awareness of what second hand smoke can do to individualsRead MoreRepresentation Of The Real World1682 Words   |  7 Pagesrepresentation of the real world† (Stewart, Hedge and Lester 2008:52). Peter John describes the policy process as â€Å"complex and apparently chaotic†, therefor in need for establishing â€Å"conceptual order on the policy process in order to comprehend it† (John 1998:22) Therefor â€Å"models of the policy process† inherently abstract reality, in order to understand it. Considering that models of the policy process abstract reality by nature, what is their utility? In other words, where do they misrepresent realityRead MoreU.s. Policy Making Process1339 Words   |  6 PagesAmerica’s (U.S.) policy making process, one must, accordingly, understand the various stages as well as the institutions involved in the same. More particularly, there are four key institutions involved in the U.S.’ policy making process; each of which play a significant role in the various stages of the process. Specifically, the U.S. policymaking process is comprised of four stages, to wit: agenda setting, formulation, implementation, and evaluation. First, the agenda setting stage is concernedRead MoreThe Policy Process1582 Words   |  7 PagesThe Policy Process HCS/455 05/28/13 Jay Littleton The Policy Process In today’s health care system it is constantly improving and changing, due to the demands of the health care system. For this to happen new policies must be created or even improving old policies. Congress is involved in the process of policy making; including three stages such as foundation stage, legislative stage, and implementation stage. When a health care topic is in processRead MoreThe Policy Process : Evaluation, Analysis, And Revision1009 Words   |  5 PagesThe Policy Process: evaluation, analysis, and revision Evaluation stage Evaluation is a process that is used to look at the project, policy or program critically. It includes the collection and analyzing information that is related to the program or policy and that of its outcome. The Main purpose is to improve the policy or the program effectiveness. This will also help to identify any of the weak areas and changes that need to be made in the policy. It’s also necessary to correctly evaluate

Wednesday, May 6, 2020

Fair Value Accounting And Audit - 2360 Words

Fair Value Accounting and Audit Ivie Uduebho 4/30/2015 Introduction In today’s businesses, there has been an increase in the demand for financial reporting and also, the need to have reliable measurements of fair value and its disclosures. The need for reliable information has caused continuous change to accounting policies which has posed a challenge not only to management of companies, but also to auditors. The frequent changes in accounting principles pose a challenge for managers in measuring accounting estimates accurately and are an exceedingly difficult task. Fair value accounting is a financial reporting approach in which companies are required to measure and report on an ongoing basis certain assets and liabilities at estimates of the prices they would receive if they were to sell the assets or would pay if they were to settle their liabilities. Under fair value accounting, companies report losses when the fair values of their assets decrease or liabilities increase. Those losses reduce companies’ reported equity and may also reduce companies’ reported net income. The International Financial Reporting Standards (IFRS) also defines fair value as â€Å"the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date†. According to these definitions, fair value is an unrealistic, idealized qualitative value. The current market valueShow MoreRelatedTimberlands: Generally Accepted Accounting Principles and Fair Value1412 Words   |  6 PagesU.S. Generally Accepted Accounting Principles (US GAAP) to International Financial Reporting Standards (IFRS) in the timber industry. I will cover the following topics: different accounting treatment under U.S. GAAP and IFRS, the influence on investment decisions, Plum Creek’s reason for the opposition against transformation, and conclude with my preferred accounting treatment under different roles. ACCOUNTING TREATMENT The concern is mainly on recognition of the value of standing timberlandsRead MoreComparative Analysis Of Fair Value And Historical Cost Accounting On Reported Profit1659 Words   |  7 PagesTitle: Comparative Analysis Of Fair Value And Historical Cost Accounting On Reported Profit: A Study Of Selected Manufacturing Companies In Nigeria. (BESSONG, 2012) Study the importance of historical value and fair value cost accounting on reported profit. The study discussed how fair value accounting and historical cost accounting will have effect on the reported profit. However it is said that key objective of any business is to earn profit and it is also equally important to report the profitRead MoreEssay about Gators Electronic1411 Words   |  6 Pagesapproximately 100 countries. Gator is an SEC registrant. You are planning to audit the current-year goodwill impairment analysis of Gator. Gator has performed its annual goodwill impairment analysis as of December 31, 20X3, with the assistance of an external valuation specialist, Management’s Expert. Gator elected not to perform the qualitative assessment for determining whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount and proceeded with StepRead MoreGator Electronics Term Paper1386 Words   |  6 Pagesmore likely than not that the fair value of a reporting unit is less than its carrying amount and proceeded with Step 1 of the quantitative two-step goodwill impairment test for all reporting units. On the basis of the valuation prepared by Management’s Expert, Gator estimated that the fair value of all of the reporting units exceeded their respective carrying values and no Step 2 analysis was required or prepared. Fair value, as defined by the Financial Accounting Standards Board (FASB), is theRead MoreThe Sabarnes-Oxley Act and PCAOB Essay727 Words   |  3 Pages PCAOB inspects registered public accounting firms to assess compliance with the Sarbanes -Oxley Act , the rules of the Board, the rules of the Securities and Exchange Commission , and professional standards in relation to the performance of the firm , issuance of audit reports, and related matters other issuers , brokers and dealers . The Act requires the Board to carry out these inspections annually to companies that regularly provide audit reports for more than 100 issuers and at least everyRead MoreAuditor s Audit Adjustment : Audit Adjustments831 Words   |  4 Pagesauditor’s advised audit adjustments, which forces auditors to somehow determine on an aggregate basis the impact that proposed and/or passed audit adjustments have on a client’s financial statements. The most common reason for a client not to make a proposed audit adjustment is that the client disagrees with the need for the given adjustment. We don’t want to see that audit engagements at the end of the day become a war between client management and auditors over proposed audit adjustments. QuestionRead MorePlan Accounting : Defined Benefit Pension Plan, Health And Welfare Benefit Plans1596 Words   |  7 Pages2015-12 Plan Accounting: Defined Benefit Pension Plan, Defined Contribution Pension Plan, Health and Welfare Benefit Plans Table of Contents 1. Introduction 3 2. Background 3 3. Changes to the Standard 3 4. Other Consideration in the Audit Process 5 5. BeachFleischman Planned Implementation 5 6. Sample Documentation 5 1. Introduction The document communicates the major provisions and changes in this release of the Plan Accounting: Defined BenefitRead MoreGolden Bear Case Essay1302 Words   |  6 Pagesassertions† were relevant to Paragon’s construction projects? Describe an audit procedure that Arthur Anderson could have employed to corroborate that assertion for each. Professional auditing standards identify 5 â€Å"management assertions† that commonly underlie a set of financial statements. These 5 assertions are: occurrence, completeness, valuation/allocation, rights/obligations, and presentation/disclosure. With respect to the audit of Paragon’s construction project, some of these key assertions wereRead MoreInternal Audit And External Audit1136 Words   |  5 PagesBasically, audit is a systematic and independent process that requires qualified accountants, who are the auditors, to verify and evaluate the financial information (books of account, transaction records and relevant documents) of an organization objectively to ensure that whether the financial statements present a true and fair view and are prepared in accordance with law. It can be done internally and externally. 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Pico PC Manufacturing Company

Question: Discuss about the Pico PC Manufacturing Company. Answer: Introduction: The CEO intends to exploit the lack of health and safety laws and availability of cheap labor in the Island for the benefit of Pico PCs Manufacturing Company. This is despite the glaring evidence from the production trials and the doctors recommendation that use of humans in soldering the processors can result in total blindness within 18 months. From the CEOs point of view and interest, the company stands to benefit a lot from cutting the cost of production and production of flawless processors when humans, instead of robots, are used. This is common in the business world as companies strategize on how to save on costs and increase revenues. However, the CEO and Kushlanis decision also has to consider workers interests and lifetime health hazard that workers will be exposed to. This case touches on ACS values like the primacy of the public interest (prioroities), enhancement of quality of life for those affected by our work and honesty. In reference to the primacy of the public interest, the CEO and Kushlani have to identify and place the interest of the workers, in this case, a safe and healthy working environment, above their personal and business interests. This is captured in National Regulation (NR) 1.2.1 clause a) that requires IT professionals to identify and consider the interests of those affected by their work (ACS , 2011; ACS Code of Professional Conduct, 2014). Secondly, in accordance with NR1.2.2 clause a) on social implications, the ACS requires all professionals in the IT industry to enhance the quality of life for those affected by considering the social implications of their work. Besides, clause b) under 1.2.2 regulation further demands of the IT professionals to ensure protection and promotion of the safety and health of those affected by their work or decisions. It will, therefore, be against this value to go on with the establishment of the production unit in the Island with full knowledge that instead of enhancing the lives of the workers, the technicians health will be adversely affected. Furthermore, according to NR1.2.3 clause e) Kushlani is expected to exercise honesty in qualifying and distinguishing professional and personal opinions on a subject based on the knowledge and experience. The NR1.2.6 clause a) on professionalism further demands of professionals to take a calm, objective, knowledgeable, and informed stance on the ir work. As the technicians have already expressed headache complaints during soldering trials with a further medical advice of permanent blindness for workers, these are sufficient information for Kushlani to take a stance against the CEO and advise him against proceeding with the production in the Pacific Island. Moreover, clause f) under the National Regulation 1.2.6 recommends professionals to abstain from such acts that can damage the reputation of the profession. Besides, the Fair Work Act (FWAct) regulates Australian companies and their employees whether working within Australia or abroad (Munro, 2014). Pico PCs company is therefore bound by the FWAct to provide fair and safe working environment for employees. The exception is applied only when the employees are recruited based on local terms and conditions outside Australia. Therefore, employees at Pacific Islands will not be protected by the FWAct and Work Health and Safety Act if they are employed based on the Island employment regulations. Regardless, it will be unethical for the Pico PCs Manufacturing Company to exploit the regulation weakness in the Island for their financial gain at the expense of the workers health. Recommendation In consideration of the moral importance and ethical practices, as a recommendation, Kushlani should advise the CEO against such move as it will put the health of workers at risks from a poor working environment. Besides, this would ruin their business reputation as the case will eventually become public. This is seen from the case with some Australian mining companies in Africa who have been accused of exploiting the regulatory weakness in safety work environment for their advantage (Fitzgibbon, 2015). References ACS Code of Professional Conduct. (2014). 1st ed. [ebook] Australian Computer Society, pp.1-8. Available at: https://www.acs.org.au/content/dam/acs/acs-documents/ACS%20Code-of-Professional-Conduct_v2.1.pdf [Accessed 16 Mar. 2017]. ACS. (2011).ACS National Regulations. [online] Available at: https://more.acs.org.au/__data/assets/pdf_file/0015/4902/ACS-National-Regulations.pdf [Accessed 16 Mar. 2017]. Fitzgibbon, W. (2015).Companies Accused of Taking Advantage of Regulatory Weakness. [online] International Consortium of Investigative Journalists. Available at: https://www.icij.org/project/fatal-extraction/companies-accused-taking-advantage-regulatory-weakness [Accessed 16 Mar. 2017]. Munro, P. (2014).Overseas employment does Australian law apply? | Workplace Info. [online] Workplaceinfo.com.au. Available at: https://workplaceinfo.com.au/legislation/federal/analysis/overseas-employment-does-australian-employment-law-apply [Accessed 16 Mar. 2017].