Youth Culture and Moral Panic Essay Example | Topics and Well Written Essays - 750 words

Youth Culture and Moral Panic - Essay Example Youth culture may term as a way or manner by which the youth conduct their lives or the manner in which they behave. This youth culture is a subculture that is different from the main culture of older generation within a given society. It may entail the different taste of youth in terms of interests, their belief, their interest in sports, music fashion among many other areas, Society segments and their reaction to moral panic effect on domestic violence. There are various segments or avenues where moral panic may take place and has some influence in the society institutions like marriages leading to child abuse and family violence. One of such avenue is the press. The press has had numerous cases of exaggerated news, distorted news, stereotyping and over reporting of events. There were also instances of some of the articles are distorted and gives false stories. The press do this to their advantage since their interests is to sell their articles. When these false stories and overrat ed events get in the hands of the society, it tends to disaffect the social structure and institutions of the society. ... All these movies and films have been accepted by the society and little of the society know that they are the ones that leads to violence (Goode, Nachman 1994) The other segment of the society that has failed to show concern is the law enforcement segment of the society. The law enforcers, law makers have to be in a position to address any threat to the society structure and institution. If there any threat remedies nd laws have to there to ensure that that threat is dealt with well. In the recent past law makers and law enforcers have been pushing for laws that act harsh on people who abuse children and their partners. They’re very many case of child abuse especially in Africa where children are subjected to forced labor, subjected to early marriages, cases of rape among other cruel actions. There are also case of husband beating their wives and wives beating their husband. In those countries there are few laws that enforce against the oppressors since there is collision with the law enforcers. The oppressor bribes the law enforcers and the gets away with it. This shows that if law enforcers are concerned with the threat on the society structure and institutions, cases of family violence will persist (Hall, Critcher, Jefferson Roberts 1978), Elements of moral panic that influence child abuse and family violence Moral panic has various elements that may be used to explain some of the causes in degradation of the social structure and institution such as marriages that has led to the rise of family violence and child abuse. Some of these include: Concern. There should be concern of the behavior of a certain group of people and the

Over Recent Decades, Developments in Company Law and Financial Assignment

Over Recent Decades, Developments in Company Law and Financial Reporting Standards Have Impacted Significantly on the Reporting - Assignment Example This paper focuses on the requirements of U.K. companies for representing financial statement while maintaining some accounting standards and company laws as well as the comparison of financial reporting standards of U.K with that of USA. The current requirements for the reporting of the financial performance of companies in the U.K. In June 2002 the European Union adopted the International Accounting Standards (IAS). For this reason the listed companies in European Union (EU) security market including banks and insurance companies have to prepare their financial statements in accordance with International Financing Reporting Standards. United Kingdom is one the members of EU. For that the U.K. companies have been following the rules and regulation of IFRS since 2005 (Delloitte, 2012). Under the U.K. Companies Act 2006, the directors of the company have to prepare financial statement according to the International Financial Reporting Standard (IFRS). Under this company law the direct ors have to approve their financial statement by considering that, the statements give the exact and original value (Harthorn & King, 2011, p.70). Director’s report should include the analysis using the key performance indicators and these things indicate the information’s of environmental and employee matters (Elwin & Hirst, 2006, p. 2). There are various operating and regulatory bodies like Financial Reporting Council, Accounting Standard Board, Auditing Practice Board, Accounting and Actuarial Discipline Board. These are involved in setting up the requirements for financial reporting of a company. Financial reporting exposure draft (a document released by Financial Accounting Standard Board) indicates the presentation of information about the company’s financial performance in both the primary statement and supporting notes. It was a proposal, issued in the year of 1992. When the new proposal implemented, it has changed some existing requirements of financial reporting for the companies of U.K. The proposal was made for the advancement of financial reporting standards in some below mentioned field (Accounting Standard Board, 2000, pp. 3-7). 1. The profit and loss account and the total gain & loss statement are combined to form a single financial indicator. 2. The above mentioned statement will indicate all the gains and losses during the time period in which the statement was made. 3. The company should divide the statement in to three parts a. Operating b. financing and treasury c. Other gains and losses 4. While preparing the performance statement for a particular period the amount of dividend paid to the share holders does not get included in that. (Accounting Standard Board, 2000, pp. 11-12) 5. Balance sheets, income statements, retain earning statements and cash flow statements are the four types of primary statement. Primary statement should consider the ownership interest (Primary Financial Statement). Financial Reporting Exposur e Draft (FRED) proposes that Earning Per Share (EPS), dividends for a particular period should be mentioned as a memorandum items. These items are shown in the balance sheet but these things are not added in the final total. A letter note including reserves note and note of gains and losses in past days are made optional for the companies