Critical Review Assignment Example | Topics and Well Written Essays - 750 words

Critical Review - Assignment Example This method is accepted by both governmental and social organizations to meet the needs of the people so that groups of different linguistic range have the same chance to partake in their government and to get services from their government. Language planning preferences usually endeavor to convene these requirements by sinking linguistic variety, where a distinct language is acknowledged as a national language and a single language is affirmed ‘standard’ to encourage linguistic unity in a nation where different languages exist (David, 1988). Considering that languages are organic and active, similar to the societies that give birth to them, it is natural that they contribute to the destiny of the societies of which they form a part. A social order that is healthy with the resources to grow economically, socially, and culturally as well gives rise to a growing language, the same as is obvious in the spread of English and the supremacy of the United States in the worldwide financial system and world dealings. Several people feature the spread of English to a continued existence of most suitable, a normal and accepted course of development. They dispute that contact linking two cultures typically cause the subordination and at times destruction of the weaker culture and their language. Why should one be concerned about that? In an expressive reply, Diamond (1993) says that all must have concern regarding the destiny of languages because of the relation linking language and culture. He explains that when a language is lost, much more than the sounds and structure of that language are gone. Every language is inextricably attached with an exceptional outlook of the world, context, and literature, despite the literature is written or not. He further states that a language is the culmination of thousands of years of a people’s knowledge and wisdom. Also, it is the medium that spread and be responsible for that

Advanced Financial Accounting Assignment - Accounting by employers for Essay

Advanced Financial Accounting Assignment - Accounting by employers for employees' retirement benefits - Essay Example Actual returns on plan assets are reduced from this pension cost for purpose of its recognition on income statement. SSAP 24 requires that pension cost is the long term funding costs that is evaluated by actuaries and should be spread over the total period in order to smoothen the cost from year to year. Similarly actuary evaluated scheme surpluses are also spread out over the total period and the net charge of each year is expressed as percentage of payroll. On the other hand the approach under FRS 17 emphasis that ‘what is shown as the cost in the profit and loss account is the cost of buying one year’s benefits for the scheme members i.e., the benefit accrued during the current accounting period.’(Standard Life, page 4)1 SSAP 24 requires that a consistent valuation method be used to calculate best estimate of pension cost, and a regular and standard contribution rate is computed to meet the estimated pension costs. Surplus or deficits of pension costs are spread out over remaining working lifetime of current memberships. But SSAP 24 does not specify any amortization method. With the result there were prepayments on balance sheets when the company was in deficit and provisions when the company was in surplus. Accordingly a number of dubious assets and liabilities used to be created on application of this standard rate. Balance sheet was therefore not a fair representation of assets and liabilities under the pension plan. With implementation of FRS 17 ‘this spreading or accrual based approach was abandoned and instead proper recording of balance sheet assets and liabilities has become the focus of revised accounting standard.’(Robert Kirk, page 237)2 Every year the actual returns on plan assets are compared with the expected returns on plan assets. The expected return is generally equal to the fair value of the plan assets at the beginning of the period multiplied by the expected