Family meals Essay Example for Free

Family meals Essay The article present the issue of meals from a good perspective: it identifies that some families eat together and others do not. It states from researches that studies carried out on families that eat together on the same table are more likely to produce positive health results than others who do not: such positive health factors are enumerated in each paragraph. It states that such family meals make it easier to control diet, amount and quality. It promotes communication about nutrition; it helps to regulate the type of food consumed. Besides it is a good forum for socialization among the family members, and even visitors.   It provides the ‘opportunity to eat better’ and also the ‘chance to connect’. The latter helps to understand each other better, find about current issues in the lives of members, and even teaches the children cooking and eating etiquettes.   It concludes with a profound statement:   Family meals arent just about food, theyre about family. I am particularly interested in the type of meal that can earn the tag ‘family meal’. And really, it is worth remembering that meals can also be a time to get together with family members. For parents that do not have time for their children, this may not possible but for others who have such opportunity, I strongly believe it is a very good idea: it creates a forum for me to learn how to cook, how to serve and how to eat especially when it involves others. If I have anything bothering my mind, I can share it there. If I also notice something about my siblings, friends, visitors, other extended family members, I can bring it and the challenge/burden can be shared. It is also a good forum to celebrate any achievement. I like the idea of family meals because it helps to strengthen families and build loving homes. There is no doubt that if we can adopt this kind of idea all over the country, things would change, families are likely to become more stable and children will live in conducive happy homes. I think that the topic was presented in a good and lively way. It has information from researches and experts in the food. After going through the article, you’d have read through an unusual topic that makes a lot of sense. It starts with a description of meal times, connects to the advantages of family means and ends with the obstacle to achieving the concept. I am also concerned about this noble idea can be implemented in this kind of age, when everyone appears to be in a hurry chasing the wild wind. Is it really practicable in this jet age? Are there other means of achieving same socialization outside meals times? REFERENCE Family meals. http://www.cnn.com/2008/HEALTH/family/11/07/cl.family.meals/index.html

The Motivation Of The Journey Themes

The Motivation Of The Journey Themes In literature the theme of a journey is a common one but the motivation for the journey changes considerably. The goal of each journey was directly influenced by the values of the specific time period and location in which the pieces were written. These pieces include The Odyssey by Homer, The Inferno by Dante, Candide by Voltaire, and A Study in Scarlet by Arthur Conan Doyle. Each of these works of literature have their own concept of a journey but are similar in that they all share a driving force to complete their own specific quests. In The Odyssey by Homer we see two journeys. The main journey is Odysseuss journey home, back to his civilization. We also see Telemachus journey to find his fathers whereabouts. In Odysseuss journey we see many obstacles that get in his way including gods which was a big part of Greek culture. Greek gods are considered to be human-like because of their inability to be perfect and because of this the gods are not always well respected by the humans. One of the gods who tried to prevent him from completing his journey was Poseidon. Poseidon sought revenge on Odysseus because Odysseus had blinded the Cyclopes which were one of Poseidons sons. In return Poseidon shipwrecks Odysseus and he ends up on Phaeacia. Odysseus will do what is necessary to get back to his polis. The ultimate goal for a Greek is to achieve fame and glory through his polis. I would have had my rites and the Achaians given me glory. Now it is by a dismal death that I must be taken (Homer, 306-312). If this fame and glory is not achieved they believed that life was a waste. The city in which he ruled was called Ithaca. The polis in which he ruled in Ithaca believed that Odysseus was dead because he had not returned home in such a long time. The only true believers were his wife Penelope and son Telemachus. Telemachus saw that the suitors were disloyal to his father Odysseus by eating all his food and trying to take his mother as a wife and because of this he went on his own journey to find someone who had visual evidence of his death. On this journey he found no such evidence of death but he was starting to lose hope of his fathers return. We see that both Odysseus and Telemachus believe that civilization is the motiva ting force for their journeys. In Telemachus case, he wants to bring back the truth to his polis about Odysseus. In Odysseus case, he wants to return to his polis for fame and glory which is the greatest achievement possible. In The Inferno by Dante we see a completely different journey. Instead of a journey for fame and glory through your polis we see a journey through hell to prove there is one God. Dante was born in Florence, Italy in 1265 in the Medieval era where Christianity was the dominate religion in that location at the time. In Christianity there is the idea of heaven and hell. In Christianity when you die you are judged based on your life by God and you are either sent to heaven where the good people go or hell where the bad people go. In this book Dante is allowed by God to enter hell alive to write about what he sees and who he meets. During this journey he is accompanied by Virgil who is his guide through hell because hell is where he resides. His journey is also stopped by obstacles, but since it was willed by God to make this journey no obstacle could stop him for long. Once the people in hell knew they were protected by God they would tell Dante anything he wanted to know. When Dante journey lead him to the wall of the city of Dis; he was stopped by demons that would not let him pass. The abyss of the rest of hell was behind this gate and he needed to get passed. An angel from heaven was sent to open the gate for Dante and Virgil. The demons could not reject anything from heaven because they feared heaven. Through me the way into the suffering city, through me the way to the eternal pain, through me the way that runs among the lost. Justice urged on my high artificer; my maker was divine authority, the highest wisdom, and the primal love. Before me nothing but eternal things abandon every hope, who enter hereà ¢Ã¢â€š ¬Ã‚ ¦(Dante, 1-11). This journey was meant to show that there is one God that is very powerful even am ongst the most evil and even Satan himself. Dante on his journey saw symbolic retribution which is when the punishment fits the crime and this was used to show that the sins committed on earth is the same sin you will commit in hell for all eternity. Hell is separated into 9 different circles with 1 being the best circle and 9 being the worst circle in terms of the punishment. Depending on the sin the person committed; they would be sent to that corresponding circle. For example, if you are a priest and you commit a sin such as you trade the grace and favor of the church for money you would be sent to the 3rd bolge in the 8th circle and you would be known a simonist. Their punishment is a reverse baptism where they are hung upside down in holes and are baptized in fire not in water. This is also an example of symbolic retribution. In Dantes journey we see a difference in motivation between the Odysseys journeys in that, a strive for fame and glory is not seen and polis is not even mentioned. His journey was used to communicate a fear for one God and also show the consequences of the wrong doings on earth. According to Dante, the worst sins you commit on earth you will pay for in hell. In the next piece of literature, Candide by Voltaire, we follow the main character Candide on a long journey for the girl that he loves Cunà ©gonde. He is banished from his home for kissing Cunà ©gonde who is of a higher social ranking then himself. Because of his banishment he embarks on a long journey of hardship. He remembers Dr. Pangloss teachings as a kid a uses his philosophy throughout his journey. Dr. Pangloss always would tell him that they live in the best world and everything in this world is for the best. After a couple of years with the army he escapes to Lisbon because he was ill-treated. In Lisbon he finds his lost love Cunà ©gonde with two men who want her. Candide kills the two men and he now escapes on a journey with Cunà ©gonde. But this journey with Cunà ©gonde did not last long because he was wanted for the killings of the two men. Candide had to flee and he told Cunà ©gonde to stay in Buenos Aires until his return. Candide and his servant Cacambo come across the lost city of gold known as El Dorado. Here they find kids playing with an abundance of gold as if gold was meaningless to them. In El Dorado there was so much gold that they played with it instead of cherishing it. El Dorado represents the conclusion of a perfect journey but for Candide this wasnt the case. This was not perfect because Cunà ©gonde was not with him and he never forgot about his promise that he would come back for her. So he took a large quantity of gold and went back to look for her. Since Candide cannot return because he is wanted; he instructs his servant Cacambo to go get Cunà ©gonde and bring her to Venice Italy where they could reunite. Candide arrives to Venice late and he has to search for Cacambo who was nowhere to be found. Eventually he finds Cacambo and again they embark on another journey to Turkey because that is supposedly where Cunà ©gonde now stays. Sure enough there long journey comes to an end when they meet in Turkey. Candide lost his love for Cunà ©gonde because she became ugly and fat but he still married her because of her social status. They end up buying a small farm that they must tend to regularly. Candide journey was all for nothing. In his journey he had the opportunity to stay in the perfect world of El Dorado where there was plenty of food an riches but instead he decided to pursue Cunà ©gonde. Cunà ©gonde was once the perfection in his life but by the end she became imperfect. His journey has put him through many obstacles but in the end he was happy with the farm although he must work for food and his wife is not what he wanted. à ¢Ã¢â€š ¬Ã‚ ¦for if you had not been kicked out of a magnificent castle for love of Miss Cunà ©gonde: if you had not been put into the Inquisition: if you had not walked over America: if you had not stabbà ©d the Baron: if you had not lost all your sheep from the fine country of El Dorado: you would not be here eating preserved citrons and pistachio-nuts. All that is very well, answered Candide, but let us cultivate our garden. (Voltaire, 30.29-31). In the end, his journey was to find the perfect place where Candide was satisfied with his life and he eventually did this at the end of his long journey for Cunà ©gonde. In the last piece of literature, A Study in Scarlet by Arthur Conan Doyle, two journeys also take place; the journey of why the crime was committed and the journey to find the criminal. One of the main characters is Sherlock Holmes who is a private detective not affiliated with the authorities helps people find the truth about a particular situation that is considered unsolvable. Sherlock Holmes uses the reality of the situation as well as common sense to solve the issues he is presented with. The first journey of why the crime was committed starts off when John Ferrier and young Lucy are rescued by Brigham Young and the Mormons. The Mormons agreed to take them if they converted to the Mormon religion which meant they had to follow the Mormons rules. John Ferrier and young Lucy had to agree to this or they would die in the desert. As time went on they settled with the Mormons and followed their traditions of their religion but they were still Christian at heart. According to Mormon law young Lucy who is John Ferriers adopted daughter must marry a Mormon boy but Lucy loved another boy named Jefferson Hope who is a hunter but is not Mormon. John Ferrier was forced to make a choice or flee away from the Mormon settlement. With the help of Lucys love Jefferson Hope they try to run away from the Mormons. They eventually get caught and John Ferrier gets murdered, Lucy gets seized, and Jefferson Hope was not there to witness this so he gets spared. Therefore, Jefferson Hope, seeking revenge, finds out the names and whereabouts of the Mormons who killed John and Lucy. He finds out that Drebber and Stangerson are the ones responsible for this so he goes on a journey hunting for them. Jefferson Hope eventually finds both of them and kills them. Jefferson Hope killed Drebber by poison and Stangerson by stabbing him to death. It became a coincidence that Sherlock Holmes was put on this case to find the killer. Eventually with the cunningness of Sherlock Holmes, Jefferson Hope gets caught for his wrong doings and he confesses everything and why he killed them. These journeys of killing for revenge and finding the killer worked hand in hand perfectly because both show a journey of truth. Ive done my work now, and I dont care how soon I go, but I should like to leave some account of the business behind me. I dont want to be remembered as a common cut-throat. (Doyle, 77). We first begin with Sherlock Holmes doing his usual investigation and we as the reader wants the killer to be caught. After we see the killers journey unfold, we feel sympathetic towards the killer because we know what he has been through. After we see his journey we are lead back to the capturing of the killer and the reader is left to wonder if killing was the correct route to take. To conclude, the motivation for journeys between these four pieces of literature change throughout the time periods. In The Odyssey by Homer the motivation for the journey during Greek times was to achieve fame and glory through their polis. This is proven by Odysseus overcoming obstacles throughout the epic. In The Inferno by Dante the motivation for his journey during the Medieval period was to show that there is one God that is very powerful and God should be feared because of symbolic retribution as well as loved because he makes the ultimate decision after death. In Candide by Voltaire the motivation of the journey in the Era of Enlightenment was to find the perfect place where you could be satisfied with life even if hard work and a long journey are involved. Lastly, in A Study in Scarlet by Arthur Conan Doyle the motivation of the journey for the Age of Empiricism is to find your own truth but there are always consequences in truth.

ABC, Inc. Case Study Analysis Essay -- Management Business Essays

ABC, Inc. Case Study Analysis Problem At the beginning of April, Carl Robbins was hired at ABC, INC. as a new recruiter. He successfully hired several employees, even though he was fairly new at his job. This was his first recruitment effort that turned out quite well. After this, the Operations Supervisor, Monica Carrolls, tasked Carl to recruit 15 new employees to begin working at ABC in July. So Carl scheduled an orientation to take place for the 15 employees on June 15th. Monica contacted Carl around May 15th to ensure that the process to get the orientation started was underway and Carl assured her that the orientation would be ready in time. Carl started working on the task to set up the orientation around the end of May and soon realized he didn’t have a room for the orientation to be held and the necessary paperwork was far from complete. He only had three manuals and all were missing pages and not one of the new employees was scheduled to get the required drug test. He had two weeks until the orientation was to be presented and suddenly realized he may have misinformed Monica on having the orientation ready in time. Carl put himself in a misfortunate situation with his lack of experience and improper use of communication causing him to be behind in his tasking. If Carl does not act fast or start communicating with his management, he may not be able to make the deadline. Background   Ã‚  Ã‚  Ã‚  Ã‚  In Carl’s situation he did not have much experience for his job and ...

The Capital Punishment Debate :: Pros and Cons of the Death Penalty

Capital punishment (the death penalty) is the means of punishment, decided by the court, which most convicted murderers, are sentenced to. This sentencing involves the induced death of the convicted criminals by various means. Most of the methods used or previously used for the execution process include: lethal injection, hanging, firing squad, gas chamber, electrocution (DPIC 2006). Murders have taken place all over the world throughout history and still continue to this day. Many argue on what the proper punishment would be for these types of criminals. Some believe that many years or life in prison is the best verdict for these convicts. Others will argue that capital punishment is a more suitable punishment. Although the death penalty has been in effect for many years and still continues to be practiced, the debate of whether or not this type of punishment should be allowed is still active. Certain people will say that it is cruel to resort to this type of punishment while others will say it is very necessary. The system of capital punishment is designed for the protection from the potential threat that the convicted have on society. Dudly Sharp, states that â€Å"by executing murderers you prevent them from murdering again and do, thereby, save innocent life† (19). The only way to prevent a person from committing murder continuously after being convicted is punishing them under the same means. This can only ensure the safety of the community. Capital punishment is even elaborated from a biblical standpoint also. Dr. Dave Miller states in his article, that â€Å"Very early in human history, God decreed that murderers were to forfeit their own lives† (2). Even God believes that murders do not have a right to live. The concern of whether or not capital punishment is a suitable system for punishment for murder convicts is an issue. In her article, Deborah White argues that capital punishment â€Å"†¦violates the right to life†¦It is the ultimate, cruel, inhuman and de grading punishment† (3). White believes that it is cruel to condemn someone to death who has intentionally killed other people. The world is full of murderers. These heinous crime performers, unless brought to justice, will continue their dirty deeds with no incentive to quit. A criminal who commits murder, should not go without being severely punished. Gregory Koukl states that in regards to any crime the convicted â€Å"†¦deserve to be punished, and the punishment should fit the crime† (36).

Budget for Terrorism :: essays papers

This year’s budget will be required to address the new and dangerous reality of terrorism on the US home front. Over the next 5 years $50 billion dollars has been allotted to plans that are specifically geared to dealing with terrorism. In my belief in is important to separate the budget into two different categories of counter-terrorism. The first category allocates money in response to the attacks of September 11th. This money will contribute to programs that offer monetary assistance to both those directly affected by the attacks and those suffering from the negative economic impact of the attack. Approximately $30 billion dollars will be allocated to these programs for the first 2 years of the budget. In the following three years the monetary aid will be decreased to $20 billion dollars and that money will be funneled into maintaining security concerns both at home and abroad. The second category of programs seeks to combat terrorism on the home front. The programs includ ed here will focus on preparing the US for and against more attacks. For the first two years the remaining $15 billion dollars will be given to these programs. After two years that $15 billion will be increased to $25 billion dollars because of the assumption that as the war on terrorism continues new avenues of terrorism will develop and new security measures will have to be developed. In the first 2 years $25 billion dollars of aid will be distributed into economic aid programs. $10 billion dollars will go as aid to US commercial airlines and the other $15 billion will go to increasing the benefits of the unemployed. It is important to help the airlines recover because of the money the represent in business and tourism. Also there is the issue of the lose of jobs in aviation since the attacks. In the 2-month period since September 11th 200,000 jobs have been lost in aviation. With the unemployment rate at it’s highest in the past 20 years the government cannot afford an even larger decrease in jobs. After 2 years this $10 billion will be decreased to $7 billion. This is an optimistic assumption that within this time period the airlines will be able to stabilize from the emergency and also be able to adapt to the new demands on their business. However, it is important to continue the aid

Animal Cruelty in China Essay

Now our eyes are lashed by animal-abusing events nearby: Liu Haiyang, a Qinghua University student, hurt bears by sulphuric acid; tigers in circus troupe died of tiredness; thousands upon thousands of pet dogs in Guangzhou have them vocal cords cuthere are still countless such examples too tragic to look upon. The lesson we learn from that is not the transaction to individual event, but the need of some deep-going thinking: why does China have no related laws to ban and penalize similar commitment, when our society is increasingly developed; and why can our citizens turn blind in front of such atrocities when they are kept in a nation with profound Buddhism origin. Few people in China care about the feelings of animals or possess the concept of animal welfare. Some traditional factors play a positive role in this field. From childhood, anything about animals, most Chinese children get in touch with has undoubtedly put man above them. Even some of the children songs have described the nature of animals as malicious, such as slippery fox and ruthless wolf and so on, which not only casts a dark shadow over their hearts, but also leaves a wide gap between animals and children. These can all be taken in at a glance at the old saying: Man is the master of the universe. Disdain in spirit may lead to cruelty in action. As a result, man endows himself the natural rights to dominate the universe at the thought of human rights is gifted by the God, and take the life of animals as trifling matters. The civilized man always divides creatures into mankind and animals. The reason is no doubt that man thinks high of himself. Then is the deep-rooted human priority really true? Why should we insist on the inferiority of animals? Darwin has particularly compared the intellect of man and lower orders animals. He hold the opinion that we now know that the sensory organs, intuition, all kinds of emotions and functions, such as, love, memory, attention, curiosity, imitating and reasoning abilities, etc. Scientists have proved that animals possess sense perception as man does, which makes us have to ask ourselves a question: in the past 200 years, why did men keep extending the idea of ethics from state to nation, then to race, and finally to all individuals? Of course, morality has economic limitation. The reason because we found the former practice unfair. History shows that the category of ethical ideas is continuously expanding, and its extent keeps deepening. Man will finally break each kind of discovered unfairness, but we still exclude most perceptive species. Man could not communicate with animals in language, nor could they by other means. Therefore, man could not understand their agony and thereby took it as granted that animals could not sense pain. But now, man can measure whether an animal is suffering pain by some quantified standards. Experiments also proved the ability of animals to sense pain. If man still disregards their feelings in such a case, then it can by no means be considered a noble thing. A Chinese proverb says that never give anything to the others unless you like the thing. It may be changed into never give anything man dislike to them. Then how should we judge the suitable category of ethics at present level? I believe that the profit of each object involved in an action should all be considered. Therefore, we should extend the category of ethics to all species that are able to sense pain, joy and happiness. Why cannot man recognize animals in real life? The reason is that morality also has limitation of society. In reality there are usually conflicts between man and animal. Once man thinks an animal is harmful to him, he will show defense and hostility, considering not at all its welfare. Humans treat other humans still like this, let alone towards animals incapable of communicating in human languages. Therefore, powerful binding force is needed to seek welfare for animals. From the legal point of view, the inheritance of excellent Chinese traditional morality should be absorbed by newly discussed Chinese Animal Welfare Laws. Although it is easy to learn from abroad, it still needs persevering efforts of several years to really make the idea of animal welfare go deep into the hearts of most Chinese citizens. Since China has now been one of the members of World Trade Organization, the legal system and civilization level must catch up with the steps of economy linked to international developed countries. Thus, the development is wholesome, up-going and full-scale. It will be a great victory of global animal welfare cause to realize its popularization in China, a country that takes up one fifth of the world population. Up till now, most countries have enacted related laws and regulations. Many experience shows that in a society, the more advanced the economy, and the deeper the democratic idea goes into people heart, the much easier the concept of animal welfare is popularized and accepted by its citizens. Whether a person owns a kind heart can also be judged by his treatment toward animals. It is said that some criminologists point out that the maltreatment toward animals in childhood is a sign of the risk of committing crimes after grown up. Law is the minimal morality. The love and attention to animals should be from the bottom of hearts, instead of the regulation at legal levels. Maybe when human society reaches the stage of, in the word of Confucius, every life being equal, it is the time that animals finally be liberated. Universal love has no distinction between species. This is a world shared together by man and animals. China has started fairly late, but we may not escape or be absent in the trend of universal love. The future is bright but the way is zigzag. I would like to cite this Chinese proverb to describe the situation of Animal Welfare Law in China and I hope all the animals live happier life in the future, in China.

Financial Accounting Theory And Practice Essay

If you developed a theory to explain how a person’s cultural background influences how they prepare financial statements, would you have developed a positive theory or a normative theory? The first of all, it is important to understand the mean by a ‘theory’. According to Contemporary Accounting Theory 4e, Oxford English Dictionary provides various definitions, including: A scheme or system of ideas or statements held as an explanation or account of a group of facts or phenomena A positive theory based on some assumptions and, through logical deduction, enables some predictions to be made about the way things will be. In particular, their success in explaining or predicting particular phenomena will then typically be assessed based on observation. For instance, Watts and Zimmerman’s positive theory of accounting relying on the other researchers such as Jensen and Meckling (1976) and Gordon(1964). A normative theory based on the norms (or values or beliefs) held by the researchers proposing the theories. For example, Chambers issue has paid attention by researchers, however, they recognised and measured in different ways. If I developed a theory to explain how a person’s cultural background influences how they prepare financial statements, I will develop a positive theory. (Word count: 170) QUESTION 2 – Question 1.3: What is a conceptual framework, and would it be considered to be a positive or a normative theory of accounting? According to IFRS website shows, the definition of Conceptual Framework follows: The Conceptual Framework sets out the concepts that underlie the preparation and presentation of financial statements. It is a practical tool that assists the IASB when developing and revising IFRSs. The objective of the Conceptual Framework project is to improve financial reporting by providing the IASB with a complete and updated set of concepts to use when it develops or revises standards. In term of accounting, the conceptual framework of accounting should be considered as a normative theory of accounting. Because of a normative theory based on the norms (or values or beliefs) held by the researchers proposing the theories. (Word count:111) QUESTION 3 – Question 1.27 (NEW): The International Accounting Standards Board has a number of roles, including formulating accounting standards and developing a conceptual framework. Is the work they do in developing an accounting standard or the conceptual framework normative or positive in nature? In the given circumstance, the conceptual framework of accounting is an example of a normative theory of accounting. Relying on various assumptions about the types or attributes of information useful for decision-making, The CFA provides guidance on how assets, liabilities, expenses, income and equity should be defined, when they should be recognized, and ultimately how they should be measured. It also shows in Australia Accounting Standards Board (AASB) website, The original framework document and any previous compiled version can be found using the Browse for pronouncements page In the table below, the Notes column identifies when the framework document listed is a compiled version. â€Å"Extra† identifies when additional IASB supporting material (e.g. Basis for Conclusions) is available. (Word count: 117) QUESTION 4 – Question 1.33 (NEW): In this chapter we provided quotes from Gray, Owen and Adams (2010), in which they discuss an apparent herding phenomenon that seems to be occurring in respect of the selection and use of particular theories. They state, ‘there has been a strange herding tendency, especially around legitimacy theory’, as well as stating that they ‘also have a sneaking feeling that institutional theory may be coming up fast as the next theory around which to herd’. What do they mean by this apparent practice of ‘herding’, and what are some possible advantages and disadvantages that are related to this practice? In the give circumstance, a common phenomenon in herding is the management of some enterprises, marker behaviour. As inadequate of information and lack of understanding, it is hard for investors to make reasonable expectations of future marker uncertainty, are often extract information by observing the behaviour of those around, in which information is continuously passed, many people will be roughly the same information and reinforce each other, resulting in the herd behaviour. ‘Herding’ is a kind of nonlinear mechanism of the non-rational behaviour resulting from individual rational behaviour of the collective. The advantages of the performance of ‘herding’ for the adoption of specific or temporary situation advantage concept and the way of behaviour is accepted on the long-term nature of the dominant idea and behaviour way. However, people will follow the public agree, to their own opinions with default negation, and not subjective thinking about the meaning of events. (Word count: 149) QUESTION 5 – Question 1.35 (NEW): Do we really need financial accounting theory if all we are interested in doing is developing accounting standards? In the given question, people really need financial accounting theory if  people interested in developing accounting standards. The progresses of theories are indicate how accounting should be done, describe and explain current accounting practices, predict accounting practice, provide principles to take into account when taking action or making decisions, and help to identify problems and deficiencies with current accounting practice and improve accounting practice Therefore, theories can prepare accounting standards state that fair value should be used when calculating goodwill on acquisition, depreciation should be calculated on the basis of useful economic life, etc. A theory of capital budgeting helps us with choosing among investments; a theory of revenue recognition helps to determine when and how revenue should be recognised; it might reveal deficiencies in the way we presently measure profit; or understanding deficiencies may promote change. Hence, the conceptual framework is used as a basis for drafting accounting standards. (Word count: 150)