Treatment of Accounting Issues Case Study Example | Topics and Well Written Essays - 500 words

Treatment of Accounting Issues - Case Study Example It is strongly advised to you to take a closer look at every issue along with its relevant treatment and feel free to consult me, had you require any further assistance. Marketing and Advertising Expenses According to the International Financial Reporting Standards, the marketing and advertising expenses should be charged to Income Statements the year which these marketing and advertising expenses incur. In the light of above criteria, the policy adopted by Mr. Julian to expense out 50% of the marketing and advertising expenditures in the profit and loss account while capitalizing the rest of 50% of the expense in the balance sheet and amortizing over the period of 5 years, seems as a deviation from the IFRS. Since, Mr. Julian is mainly interested in presenting the financial statements more profitable, that is why Mr. Julian has adopted this strategy. In this way, he could have avoided the 50% expenditures incurred the current year which would eventually have increased the profits su bstantially. Therefore, Mr. Rafael should disregard this policy of Mr. Julian and should instruct him to rectify the financial statements and charge out the capitalized amount of marketing and advertising expenses for the current year. Slow Moving Inventory The older policy of writing off the slow moving inventory was a bit conservative approach.

Summary of Michelle Alexander argument relative to origin of Jim Crow Essay

Summary of Michelle Alexander argument relative to origin of Jim Crow - Essay Example As a result, they were constrained to second grade jobs and opportunities such as being slaves or performing menial jobs for the whites. It follows that the form of segregation postulated and fronted took the holistic approach such that the places where the African-Americans lived was supposed to be of lower cadre or class comparative to the other white neighborhoods. Thus, it goes without saying that the limited employment opportunities of the African-Americans limited their economic empowerment and as a result they lived in poverty. This is so due to the fact that they were set to occupy low paying jobs which implies that their economic power was greatly reduced and as a result they lived poor lives. Accordingly, the current criminal justice dispensation acts as a racial tool to discriminate and control the African-Americans if the empirical evidence and statistics is anything to go by. It is critical to note and mention that the speaker in the New Jim Crow, Michelle Alexander outlines that Blacks get arrested for equal or lesser crimes as their white counterparts. For instance, she mentions that the â€Å"blacks are arrested for non-violent often drug related offence, the vary sorts that occur with roughly equal frequency in the middle class white community or on college campuses.† Equally important is that the kind of treatment that the African-Americans are subjected to in prison is second class.