Firing Smoking Employees, - 813 Words

In January 2005 Weyco Inc., company based in Michigan has brought up the issues based on firing employees who smoked. Wyeco Inc., gave their employees few months to quit and obey their new policy and also arranged variety of free programs such as drug therapy and acupuncture, to help employees quit smoking. About 20 of Weyco’s employees successfully quit smoking, for those who have not succeeded were fired. Howard Weyers, the company’s founder, justified the policy as protecting Weyco against high health care costs (Grace, Cohen, Holmes, p.79). In this paper, Weyco’s unjustified discrimination against smoking employees will be argued. I will examine various ethical issues and mainly focusing on the issues of discrimination towards the employees on Weyco’s policy against smokers. I believe that from the beginning, employers are allowed and should be organizing non-smoke workplace environments so that nonsmoking staffs do not encounter increased health risk due to second hand smoke. However the corporation’s right to adjust an employee’s personal health-related practice off work and interfere with their personal life style brings up numerous amounts of ethical issues. I argue that there are different ways to address the non-smoking policy, for example one company could provide a voluntary smoke quitting program and other healthier life programs during recess for the employee’s benefit. I like to say that this method serves as the blameless policy, but the report showed thatShow MoreRelatedEssay Ethical Issuses of Tobacco Companies in The Insider724 Words   |  3 Pagespresident/research chemist of a tobacco company but essentially an employee who was fired yet is still under a non-disclosure clause in a confidentiality agreement with said former company. Secondly the relationship of the company towards its employees regarding its hiring and firing policies, the relationship between the tobacco company with its consumers and the evident issue of justice versus profit making in the tobacco business. Amongst all the ethical issues stated above, the main ethical issue that wouldRead MoreNarrative Report1636 Words   |  7 Pagesthe trainee about the proper timing of the valve and fuel injector, and also the sequence of firing inside the engine cylinders. For a 4-cylinder engine, order of firing was 1-3-2-4.For a 6-cylinder engine, firing was 1-4-2-6-3-5. And for an 8-cylinder, v-type engine, firing was 1-8-4-3-6-5-7-2. These firing orders were not constant at all engines; it is just only based on the trainee’s experience. Firing orders were variable and based on the manufacturers design in order to minimize vibration. OnRead MoreEssay on Employee Privacy In the Workplace461 Words   |  2 Pagesin the Workplace For many years, there has been an ongoing fight between employers and employees pertaining to employee rights. The main thing that they have fought about is computer and email monitoring. Many employees don’t seen to understand exactly employers do this. Employers monitor email accounts and company computers mainly for two reasons. Reason one is that they don’t want their employees wasting company time for personal use. In most places, that is considered a very good reasonRead MoreA Modern Fable: â€Å"The Catbird Seat† by James Thurber Essay1291 Words   |  6 Pageseven more oppressive and burly. Mr. Fitweiler makes up the post of Special Advisor and hires Ms. Barrows as the newly appointed Special Advisor to return the favor to her. She started infiltrating many departments in the company and firing many workers. Even more employees quit because they couldn’t stand her. This strapping woman is the bigger, stronger, and aggravating character in this modern fable. Mr. Martin is the oppressed and weaker Henny Penny in this fable. Mr. Martin has been working forRead MoreTobacco Liability in Illnesses and Deaths2153 Words   |  9 PagesSmoking has been around for quite some time now, dating back farther than 1492. On October 29, 1492, two of Christopher Columbus’s crew members, Rodrigo de Jerez and Luis de Torres, were the first two Europeans to try smoking tobacco offered to them by the Native Indians (Marcovitz 14). Tobacco companies will lose revenue and may vanish as one of the oldest and wealthiest industries in America because of frivolous liability lawsuits and competition from companies producing other tobacco related productsRead MoreLeadership And Organizational Behavior Of The Restaurants2608 Words   |  11 PagesHanks crawfish, it is originally from Louisiana. Hank’s fulfills customers with genuine Cajun cuisine. Hank’s was established on 2010 when there were very few restaurants. This place is located in 116 60Westheimer Rd, Houston TX 77077. It is a non-smoking place. It is a good place for family dines in, for the customers who like to watch games and also for the people who want to spend their time with loved ones. We have the drawing paper available for the kids to draw when their parents are having dinnerRead Morewage differentials essay2027 Words   |  9 Pagesand many of our main international competitors. Rapid technological change and the pressures of globalization are putting a premium on raising the skills of the workforce and increasing the adaptability of people in work.†¨Ease and cost of hiring and firing workers: Reforms to UK employment laws now make it easier to hire and fire workers - this reduces the costs to the employer of making modifications to the size of their employed labour force. 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The Prevalence Of The Obesity Epidemic - 1677 Words

We live in a time where parents are most likely to outlive their children. Not because of war on terror or school shootings, but because of a far greater villain that has yet to surface and the masses to learn about. Sugar - contemporarily the greatest stimulus that has been slowly augmenting child obesity levels in North America. Without a doubt, recent statistics prove that the prevalence of obesity in children has risen greatly. What we may refer to as the ‘obesity epidemic’, can account for a wide range of serious health complications among children including hepatitis type II diabetes, risk of impulsive illnesses, and premature death. The advocacy documentary, Fed Up, sheds critical insight on the raising obesity epidemic, caused†¦show more content†¦Moreover, other relationship and evidence that postulate an immediate connection between secondary external factors and the development of obesity during childhood will also be explored. Furthermore, a critical aspect of this paper is to study the effects or outcomes that have resulted as a part of the rise in childhood obesity. Healthy eating habits are not only good for the physical health but result in developing the mental health of individuals. This habit is still difficult to develop in many individuals because the use of unhealthy foods has become a custom for many. It is not an unknown fact that unhealthy foods, such as processed foods, provide incomparable damaging effects on the human body. Processed food comprises of 95% of an average American’s daily food diet. From tetra pack juices to ‘fortified’ cereals, everything that individuals eat and drink today have increased levels of sugar in them. Therefore, the intake of sugar among individuals in North America has risen greatly. Therefore, it is essential to focus on the detrimental effects sugar can have on the brain. Glucose is considered as a fuel for the brain but this consumption can lead to several problems if excessive glucose is taken, glucose is mainly taken from the sugar and excessive consumption of sugar can have neg ative impacts on the brain.

Analysis of Corporate Political Activity †Free Samples to Students

Question: Discuss about the Analysis of Corporate Political Activity. Answer: Introduction: The study takes insight into the changing relationship between the standard setter that is International accounting standard boards (IASB) and Australian accounting standard board (AASB).Pronouncements issued by International accounting standard boards are incorporated in the Australian accounting standards. Relationship between the domestic standard setter and IASB is changing for establishing more formal link between the regional and domestic group of standard setters that is move currently motivated by trustees and IASB (Carey et al., 2014). Original strategic model of IASB was mainly developed for creating strong relationship with key standard setters and in this regard, Australia was one of the key standard setters. Australia was at IASB gathering from the start of operations of IASB. AASB has the responsibility of issuing and developing accounting standards that are applicable to Australian entities along with maintenance and care of the body of standards. A strategic decision was provided to the board for working towards those issued by International accounting standard board. The Australian that is equivalent to IASB comprise of accounting standards that are equivalent to Australian standards. Some of them can be listed as AASB 1-99 corresponded to AASB 101-199. Furthermore, interpretations that are issued by AASB are corresponds to the interpretations that has been adopted by IASB. In the absence of any IASB equivalent such as standards like AASB 1039 and AASB 1031, the accounting standards of AASB and IASB were retained (He et al., 2016). The several issues were proposed by IASB. Process of identifying such issues by Australian accounting standard is as follows: Assessment of proposal of issues by AASB is done against the criteria that such issues have practical relevant and are widespread. Divergent interpretations are significant in such issues Reduction or elimination of methods of diverse reporting would be reduced by improving financial reporting by way of addressing such issues. Such issue represents application issue and narrow implementation that is possible to resolve efficiently within the existing Australian accounting standards. Matter would be referred to IASB based on improvement and that will help them in reaching consensus (Harmon Ntseh, 2016). It is required to provide guidance on timely basis when the issues are related to current and planned AASB. On July, 2004 the AASB was made equivalent to IASB. Concerning this, AASB has acted in accordance with strategic direction of financial reporting council. The overall approach of AASB for adopting the IASB standards is adopting the working and contents of IASB. In need of adopting the environment of Australia legislation, words are being changed. It leads to inclusion of application paragraph of Australia that is mentioned in Corporation Act. Substances of requirement are not affected by such changes. AASB has the responsibility of setting accounting standards for all types of reporting entities and IASB on other hand is mainly focuses on adopting standards for profit entities. When there is requirement for not for profit entities, there are additional texts that are included in the AASB. Requirements in relation to profit entities are not impacted by the addition made to this standard. Under certain circumstances, non-profit entities that comply with the Australian standards to IASB will not be able to simultaneously comply with the standard because the additional requirements mentioned in the AASB are not consistent with requirements of IASB (Steenkamp et al., 2016). A highest quality of financial reporting is aimed by AASB in adopting the IASB standards. Some of the optional treatments in IASB standard are used only few times by AASB. AASB already requires some of the additional disclosures that are sometimes required by IASB. For achieving compliance with standards of IASB, the capacity of Australian entity is not impacted by removing the requirement of additional disclosures and optional treatments. There are some helpful commentary mentioned in AASB and this is not present in equivalent IASB standards. Such commentaries are considered beneficial for users of AASB standard and such commentary is not part of IASB standard. This helps in handling situations that are particular to and are encountered by Australian entities. For performing the functions in relation to standards of IASB, object of part 12 of Australian securities and investment commission act, 2001 are required. Adoption of IASB needs to be consistent with objective part 12 resulti ng from the inclusive advantage that is associated with the adoption of the same (Spencer, 2014). Some of the object of part 12 of Australian commission that needs to be involved in the Australian standards are as follows: The directors should be assisted in discharging obligations concerning financial reporting. It should help in facilitating the economy of Australia by reducing the required rate of return or cost of capital and adoption of standards that are easy to understand and are clear. Adoption of standards should be relevant for assessment of financial performance, investment and position. The standards adopted by AASB is relevant to situation of environment of Australia in which entities operate that particularly deal with non-profit entities and does not have equivalent to IASB board. IASB Framework (paragraph 29 and 30) are consistent with AASB 1031. Framework of IASB has been adopted by AASB and in order to ensure that meaning of materiality is concise and clear, AASB 1031 has been retained. Standard AASB 1039 is applicable to entities preparing financial reports that has registered schemes and sending concise report to members instead of annual report. Amendment to AASB 1039 has been made resulting from changes that has been announced due to adoption of AASB standard (Morais Curto, 2014). IASB 126 deals with Accounting and reporting by Retirement benefits funds. Domestic regulations impacts the superannuation plan that are considered not for profit entities and as a part of strategy of adopting IASB, AASB has not dealt with this particular fact. In this particular regard, AAS 25 Financial reporting by Superannuation plans would be retained by AASB and a fundamental review of requirements would be undertaken by standard. Requirement of AASB concerning superannuation plan is overcome other international standard (Chandramohan et al., 2013). The AASB is associated with limited number of accounting policies particular for small enterprise enterprises and the implication is mainly on transition and comparability. Amendments to be made to the reporting standards particular to Australian small entities come with a number of concerns on proposal. Public accountability definition- IASH has proposed that no clarification is required to be provided for judiciary term used in public accountability. This particular proposal of IASB is not accepted by AASB and it calls for clarifying the definition. Term contains some common legal meaning that is seemed to be not consistent with the way Judiciary term is used by IASB. Section 29 of Income tax: It has been proposed by IASB that income tax should be based on section 29 of IAS 12 to which AASB agrees. It is intended by IASB to reduce the reporting gap between public accountable entities and entities that are non-publicly accountable. This would be done by aligning with the principles of measurement and recognition of deferred tax in section 29 (Eisenschmidt Schmidt, 2016). Some of the other propositions concerning the Australian entities are given. While most of the proposal of IASB was agreed by IASB due to clarification that are provided in existing section and because of their minimal nature. Some of the concerns of AASB in this regard are given below: Requirement for disclosing accounting policies in terms of termination benefits should be removed. Other concern is related to exempting the intangible assets requirements in business combination in event when it is not possible to measure fair value without considering undue costs or efforts. Acquisition of subsidiaries in relation to disposal or with the intention of sale within one year and its clarification and needs to be excluded from consolidation. Standards created by IASB for small Australian entities are acknowledged by AASB and they have the stand-alone vision. It has been considered by AASB that in order for small entities in Australia to avail the benefits, they should take full advantage of improvement made to the standard. There was disagreement on part of Australian accounting standard board on part of proposal of IASB relating to amendment made in contribution of sale of assets between joint venture and investors in IAS 28. This is so because it is thought by board that such amendment helps in reducing diversity in practice and addresses the existing inconsistency between requirement of IAS 28 and financial reporting standard 10. The board continued proposal by IASB and board should expedite the equity method of accounting research (Bond et al., 2016). Specific instances depicting whether accounting standard should change or not as recommend by IASB: Amendment made by IASB to AASB 116 would prohibit deducting cost of property, equipment and plant from the proceeds of selling items. Proceeds from sales of asset would be recognized as loss or profit. As per the amendment, Australian entities should recognize sales from proceeds in terms of loss or profit. Company accounting would be positively effected as this will help in reducing the diversity gap in a manner that will help improving financial reporting of reporting entities. Recognizing sales as income from the sales of such assets would help users of financial statement by providing them relevant information. As per the existing IAS 116 requirements, the sale from proceeds might be offset against the cost, property and equipment that do not give users a clear picture (Deegan, 2013). There would be change in method of depreciation and its process as the amendment would not involve depreciation in their costs. Entities would not be required to identify costs in relation to before items are sold and produced and property, plant and equipment are available for use. Identification of cost would lead the entities to apply judgements. Costs of inventories would be required to recognize as an expense and costs that are directly attributable to equipment, property and plant needs to be included in cost of assets (Chandler, 2014). Proposed amendment by IASB on section 18 that deals with intangible assets other than good will. It says that recognition of intangible asset in business combination should be exempted. This is done when the fair value without including costs cannot be measured. Adding this particular line is not agreed by AASB. It is considered by Australia board that there are many circumstances when reliable fair value of intangible assets are required and it is not possible to know the value of business combination when the value of intangible assets are not known. In such circumstances, a reliable fair value for measuring intangible assets is required. AASB perceives that recognition of intangible assets in business combination should be done based on same requirement as those of IAS 38 Intangible assets (Pacter, 2017). Another proposed amendment is section 28 concerning employees benefits that deals with eliminating the need for disclosing accounting policy for benefits attributable from termination. This particular proposed amendment is not agreed by Australian board because the decision to disclose accounting policy or not needs to take into consideration that whether the users of financial statements would be assisted in understanding conditions and transactions are reflected in such transactions. General principles as stated in paragraph 117-121 stated in IAS 1 should form the basis whether the disclosure of accounting policy should be done or not (Henderson et al., 2015). While AASB amending Australian equivalents, it should also consider the amendments proposed by IASB. It is considered by AASB that are needs of some unique domestic interpretations that is equivalent to requirements of IASB and such requirement is needed in some exceptional and rare circumstances. Considering the discussion above, it can be said that there are ambiguity within the components of accounting standards of several countries. Different components and transitions would have influence on transactions of developing countries. It is mainly essential for such countries to adapt to the international standards. On the other hand, countries for not complying with the internal reporting standard would have certain political and economic sanctions (Zeff et al., 2013). International standards help in providing more detailed financial reports and this leads to increased level of comparability and transparency. Optimal presentation of provided by the adoption of such standards, as this helps investors in giving proper insight about the transactions included in financial report. It has been perceived by investors that countries aligning their reporting standards with the international standards offer a sense of security and this helps inn attracting international investments. Non etheless, it has been continuously recognized that the approach of one size fits all often lack relevance for the users of the financial statements of private companies. Not all reporting entities would fit under the one size approach and the need for reporting standard should be provide ease to prepare as well as users of financial statements in every aspect (Nobes, 2015). Therefore, it can be said that adopting the international standards would help in standardizing the reporting standards of respective entities operating in different countries. Recommendation: Some of amendments introduced by International accounting standard board has been incorporated in the Australian accounting standard board. Any such arrangement that would interfere with the standard setter independence and good due prices would should not be considered by Australian standard. Furthermore, it is highly considered by Australian counting board that there should be consistency between sectors as it will help in facilitating economic decision-making. Some of reason that would lead Australian standards not to comply with the international reporting standard is use of different due process, different times and different resources. Conclusion: Considering several aspects of the International accounting standard board, the Australian accounting standard board supports and agrees with the arrangement. However, there are some instances to which the Australian standard is not agreeing. Regardless of the model adopted by the Australian entities complying with the reporting standards, the main concern of AASB is adequate level of funding concerning accounting standard setting of public sector entities. Furthermore, the adoption of one size approach would partially assist prepares of financial statements. Adopting the amendments offered by IASB would help in improving the company accounting in several ways. Reference: Bond, D., Govendir, B., Wells, P. (2016). An evaluation of asset impairments by Australian firms and whether they were impacted by AASB 136. Accounting Finance, 56(1), 259-288. Carey, P., Potter, B., Tanewski, G. (2014). AASB Research Report No. Chandler, R. A. (2014). Recurring Issues in Auditing (RLE Accounting): Professional Debate 1875-1900. Routledge. Chandramohan, A., Agrawal, A., Subramani, P., Munipalle, P. (2015). The Impact of Globalization ACIS 5034 Global Issues in Accounting and Information Systems Spring 2015. Deegan, C. (2013).Financial accounting theory. McGraw-Hill Education Australia. Eisenschmidt, K., Schmidt, M. (2016). Responsiveness as a Challenge for the Legitimacy of the IASB-An Evaluation of Current International Accounting Regulation and of Alternative Approaches. Guthrie, J., Pang, T. T. (2013). Disclosure of Goodwill Impairment under AASB 136 from 20052010. Australian Accounting Review, 23(3), 216-231. Harmon, F., Ntseh, D. (2016). The New FASB IASB Revenue Recognition Standards; Implementation and Effects. He, L., Evans, E., He, R. (2016). The Impact of AASB 8 Operating Segments on Analysts Earnings Forecasts: Australian Evidence. Australian Accounting Review, 26(4), 330-340. Henderson, S., Peirson, G., Herbohn, K., Howieson, B. (2015). Issues in financial accounting. Pearson Higher Education AU. Jorissen, A., Lybaert, N., Orens, R., Van der Tas, L. (2014). A longitudinal analysis of Corporate political activity towards the IASB: An analysis of context and firm-level antecedents as well as adopted strategies. Laing, G. K., Perrin, R. W. (2014). Deconstructing an accounting paradigm shift: AASB 116 non-current asset measurement models. International Journal of Critical Accounting, 6(5-6), 509-519. Morais, A. I., Curto, J. D. (2014). Accounting quality and the adoption of IASB standards: portuguese evidence. Revista Contabilidade Finanas, 19(48), 103-111. Nobes, C. (2015). IFRS Ten Years on: Has the IASB Imposed Extensive Use of Fair Value? Has the EU Learnt to Love IFRS? And Does the Use of Fair Value make IFRS Illegal in the EU?. Accounting in Europe, 12(2), 153-170. Pacter, P. (2017). IASB Corner. The International Journal of Accounting. Spencer, J. (2014). AASB Staff Paper: To Disclose or Not to Disclose: Materiality is the Question. Steenkamp, N., Steenkamp, N., Steenkamp, S., Steenkamp, S. (2016). AASB 138: catalyst for managerial decisions reducing RD spending?. Journal of Financial Reporting and Accounting, 14(1), 116-130. Tan?Kantor, A., Abbott, M., Jubb, C. (2017). Accounting Choice and Theory in Crisis: The Case of the Victorian Desalination Plant. Australian Accounting Review. Warren, C. M. (2016). The impact of International Accounting Standards Board (IASB)/International Financial Reporting Standard 16 (IFRS 16). Property Management, 34(3). Zeff, S. A. (2013). Political lobbying on proposed standards: A challenge to the IASB. Accounting Horizons, 16(1), 43-54.