GASB and FASB Accounting Paper Essay Example for Free

GASB and FASB Accounting Paper Essay In this paper I will describe the different between GASB and FASB and their objectives of the two standards. I will also provide how to modified accrual basis of accounting in which they differs from full accrual accounting. The GASB sets generally accepted accounting standards for the government except the federal government and non-profit organizations while the FASB is for private and public organizations. The objective of GASB is to create and set accounting standards that would ensure that financial statements would be accurate for creditors, investors and to the public. The GASB really do not have the power to enforce compliance with the standards but the authorities for its standard are recognized under the code of professional conduct of the AICPA. Most financial statements accounting for government and non-profit organizations are fund base, which actually shows how their organization money is used instead of how much revenue they earned in the cycle. The objective for the FASB was created to aid improve standards of financial accounting and reporting the way financial reporting by nongovernmental, that provides information in which is use to make decision regarding data that is use by investors, creditors, auditors of financial reports. In simpler terms the FASB is a set of standards that would record and present financial transactions in which the businesses must have to present how they will earn revenue instead of how much revenue they have spent for the cycle period. The accrual accounting will record all revenues and expenditures and there is no set rule of when cash is pertain to the translations and received or paid whether used by private corporation or public corporation in modified accrual accounting revenues that are available by measurable and expenditures when there are liability related to incurred and used by government organization in the accounting for their transactions. But exception to the rule there is no deferral of cost that  will be done in the future period cycles. All physical assets that will be services in the future must be written off or expense with in the period the service occurs. In conclusion, the GASB and the FASB are great standards to use when operating organization whether is private organization or a public organization. Both have a set of rule and regulations that improve the way financial report should be created, prepared and reduced the risk of fraud References Granof, M.H. Khumanwala, S.B. (2011). Government and not-for-profit accounting: Concepts practices. (5thed.)) Hoboken, NJ: John Wiley Son Copley, P.A., Engstrom, J.H. (2007). Essentials of accounting for governmental and not-for-profit organizations (8th ed.). Boston, MA: McGraw-Hill/Irwin.

Comparing Society Today with Ayn Rands, Anthem Essay -- Government

Imagine a world where people are only expected to live up to 45 years old. In today's society, there are countries that experience this. In the novel Anthem, by Ayn Rand; there are many factors like lifestyle, government, medicine, and education that lead to this. There are a couple of ways where the world in the novel is similar and different to today's society. A reason why life expectancy is so short in the novel is because of the "Great Rebirth", the "Great Rebirth" led to a new world that doesn't have machinery or electronics. Because of this there was a lack of medicine. Life expectancy is so short in this society because there isn't any advanced medicine. They think that by cutting them open and letting them bleed the infections would go away. In fact, this would cause someone to bleed to death. This relates to us because in the beginning we didn't know much about medicine or technology, which lead to many deaths. Now, our society has greatly improved because medicine has been greatly developed and diseases that were once thought to be incurable now have a cure. Also, educa...

Geo 509 – Major Paper

Introduction The purpose of this report is to analyze and illustrate the geographical origins of eragrostis tef along with details of its global dispersion. The common name of the crop in Ethiopia is tef. It was chosen for its cultural significance and it’s importance Background In Ethiopia, about 4. 9 million acres of land is devoted to its production every year. From 2003-2005 production statistics indicated that tef accounted for about 29% of the land and 20% of the gross grain production of all major cereal cultivation in the country (National Research Council).Eragrostis tef belongs to the grass family Poaceae, and is species of Eragrostis. It contains about 350 species and tef is the only cultivated cereal (Seyfu). Its name tef is originated from the Amharic word yate-tef-ah, which means, â€Å"lost†. Since the grains are so small they are easily misplaced (Kloman). It is the world’s smallest food grain and is as small as a grain of sand. It also has quite similar traits to other grains such as quinoa and millet. Tef grows anywhere from 30 to 120 cm in height, with slim stems and long, narrow, smooth leaves.It is a loose or compact panicle. The really small grains are 1. 5 mm long, and there are about 2,700 seeds in a gram (Seyfu). The plant uses a Carbon 4 photosynthesis, which uses light efficiently while having low moisture demands. This gives the plant the ability to stand high heat and bright lighting therefore able to harvest in any unpredictable or difficult climate. Also the plant's resistance to diseases, pests, and heavy soils and it’s inexpensive costs to raise and very quick to produce give it special appeal (Tadele).Tef tends to thrive under growing condition from elevations that range from sea-level to as high as 2800 meters, and in various temperatures, soil, terrains and rainfall conditions (not where there is too much rainfall though) (Seyfu). Varieties of Tef * Magna (white) tef – This type is grown in the cooler seasons and is slow maturing. It is superior for grain due to its higher demand in the market. But it is blander in taste compared to the darker types (Seyfu). * Sergegna (mix of white and brown), kay (red), and tiqur (black) tef – This type is superior for fodder and is faster maturing.The darker the color the richer in flavor and nutrients (Seyfu). * Abolse tef – An improved strain being tested and studied currently in Ethiopia. It has shown good results in early studies based upon its yield and baking quality. There is no record of this new strain being distributed as of yet (Kloman). Due to its properties to survive and grow through harsh climates, Ethiopian farmers grow tef for either two purposes as a staple or as a standby product. When planted as a staple, they grow it as their primary component in their trade or business.So it is normally planted late and harvested well into the dry season. But as a standby, the farmers wait till their main crop suc h as maize or wheat shows signs of failing. They then plant a faster maturing tef such as the red or brown tef as a backup source of food in case of disaster. What also makes tef very attractive is that it is a grain that contains no gluten, at least none of the type found in wheat (Ingram). For this reason people with severe allergies to wheat gluten or health enthusiasts are buying tef these days.Due to the seeds small size it makes it difficult to plant and prepare the fields. It is difficult to get an even distribution of seeds and also the wind or rain can bury the seeding before it has spouted. Then separating, inspecting and grinding such tiny seeds is very strenuous and time consuming. History Tef is common all over Ethiopia and its major varieties were found only in that part of the world. Among with numerous other crops, the precise date and location for the domestication of tef is unspecified.But, there is no uncertainty that it is actually an ageless crop, where domestic ation took place. It has been documented by some historians such as Ponti that tef has long been cultivated in Ethiopia for its grain from some time between 4000 BC and 1000 BC (Engels); Shaw disputed that tef must have been domesticated before the introduction of wheat and barley to Ethiopia or else the tef, would have never been cultivated. The use of tef was quite crucial for the Abyssinians, since the amount of tef seed required to plant were hundreds of times smaller than that of wheat (Ingram).This productive potential and minimal time and seed requirements have protected them from hunger when their food supply was under attack from numerous invaders in the past. It was reported by Unger in 1866 that tef seeds were also found in the Egyptian Pyramid of Dashur in 3359 BC (National Research Council). Dried tef straws were suggested to have been used in the making of mud bricks used in the Pyramid of Dashur as well (Seyfu). The closest wild relative to tef is generally considered to be eragrostis pilosa this species is recorded as an annual growing weed from Eritrea and Northern regions of Ethiopia (Ingram).Vavilov has recognized Ethiopia as the center of origin and variety of tef (National Research Council). Due to the fact that several widespread and non-widespread species of eragrostis, some of which are considered the wild relatives of tef, are found in Ethiopia. Since the genetic diversity for tef does not exist anywhere else in the world except in Ethiopia, confirms that tef originated and was domesticated in Ethiopia. Production Areas of Ethiopia The regions of Shewa, Gojam, Gonder, Wello and Welega are the major tef-production areas (Seyfu). As can be seen in fig. these regions are concentrated in the central highland areas of Ethiopia. These areas suffer from waterlogging and these other parts of the country suffer from low moisture stress (Seyfu). The water logged soils of these regions seem to be a unique environment for agriculture since there i sn’t any other grain that can be grown in this environment. Tef is grown in almost all regions of the country for home consumption since it is the preferred grain. Local markets are also able to charge the highest price compared with other cereals, which is why farmers use it as their cash crop. There is going to be a map here) Global Spread James Bruce (1730-1794) was a travel writer and a traveller of Scottish decent. He travelled through Abyssinia (present day Ethiopia) in search of the foundation of the Nile River; his discoveries were published in his 1768 book â€Å"Discover the Source of The Nile†. In his journeys he mentions of a grain called tef that was grounded and used in their diet as much, if not more than wheat. It is also said that Bruce had taken some grain back with him to a Botanic Garden in Florence, Italy.This led to the publication in 1775 of the first botanical description of the plant, which made tef known worldwide. But it would be The Royal Bo tanic Gardens, (Kew Gardens) located in the United Kingdom that would’ve been responsible for the distribution of tef seeds to various other botanic gardens in India and the colonies. In 1887, was the first issue of seeds and it was to India, Australia, and South Africa. The trials were set in the elevated portions of these countries and all places where maize and wheat cannot be cultivated. These trials were successful.Which led to the introduction of tef to other parts of the world such as: * Zimbabwe, Mozambique, Kenya, Uganda, Tanzania by Skyes in 1911 * USA, Malawi, Zaire, Sri Lanka, New Zealand, and Argentina by Burt Davy in 1916 The most effective trial was in the northern region of South Africa (National Research Council) . It was reported that the crop was very rapid in growth and was maturing in seven or eight weeks from the time of planting. When it normally matures between 80 – 160 days. Favorable Growing Conditions Sunlight – The length of sunlight should be between 11- 13 hours.Rainfall – The average annual rainfall in tef-growing areas is 1,000 mm, but the range is from  300 to 2,500 mm. Tef is able to resist moderate drought, but there should be three good rain days. Altitude – It can be grown from  near sea level to altitudes over 3,000 m. Most is cultivated between 1,100 and 2,950 m. Temperature – While tef has some frost tolerance, it will not survive a prolonged freeze. But it can tolerate temperatures as high as 50 °C (Ogadan regions of Ethiopia) Soil Type – Tefs' tolerance of soil types seems to be very wide. It performs well even on the black cotton soils that are notoriously hostile to crops and farmers.Patterns of Consumption Human Consumption Tef is a cereal grain that is usually grounded to flour that is mainly used for injera that is a popular fermented sour pancake, porridge and baked goods. Is often used in North America as a thickener for soups and stews. Alcoholic beverages are also made from tef such as tela and katikala. Due to its high mineral content, it has also been used in mixtures with chickpea soybeans and other grains for baby foods. Cattle Feed Tef straw is used as animal feed, especially during the dry season. Farmers feed tef straw preferentially to lactating cows and working oxen (Tadele).Farmers prefer tef straw to the straw of any other cereal because of its sweetness (which is appealing to the cattle), high nutritive value, high yield, rapid growth, drought resistance and ability to smother weeds. In South Africa various productive types have been selected for hay production. It has since been exploited in the USA. It has increasingly become abundant, and is growing in dozens of states. It is also predominately cultivated in Australia for these purposes as well. Ornamentals There has been a growing interest in Europe, the United States, and Japan to grow tef for its visually appealing features (Tadele).Since it stands straight, dense a nd has a orderly feature, often has multi-colored leaves and it’s open fluffy panicles, tef can be extremely eye-catching. Erosion Control The non-weedy features of tef give it the ability to serve as a good temporary ground cover. South Africans are now using tef as a â€Å"nurse crop† that quickly covers the ground and fosters the establishment of permanent grasses planted along with it (Seyfu). It is already being used in mixtures to protect opencast mine workings, stream banks, and other erodible sites in South Africa. ConstructionIn Ethiopia, tef straw  is the preferred binding material for walls, bricks, and household containers made of clay. Overall Impact Tef has increased in popularity in so many countries that the Ethiopian government has to instill routine bans of exporting this grain. During the lean season where the production of tef is minimal the exportation of the crop will increases prices for it inside the country. With this scarcity in effect tef g rowers outside of Ethiopia has increased tremendously. Currently there are many tef providers in the USA for human consumption and forge for livestock.Another influence in popularity is the shift in consumer’s nutritional habits. There has been an increase in vegetarians (tef is high in protein) and the increased awareness of gluten allergies (tef is a good alternative for wheat). Also the rise in Ethiopian immigrants and the related rise in the popularity of Ethiopian food have increased demand for this staple crop. Its not just Ethiopian migrates, it is everyone; Ethiopian food is becoming more mainstream. There are tef fields in the states of Oregon, Kansas, Idaho, Montana, Washington, Minnesota, Oklahoma, Pennsylvania, South Dakota, Nebraska, and Virginia.The US Agriculture Department and other institutions are in support of the cultivation of tef. Currently there are government grants offered to farmers in Kansas to cultivate tef on their farms (Kloman). Also the Univers ity of South Dakota and Cornell University have pushed for farmers in their states to start the cultivation of crop as well, for scientific research (Kloman). Other US institutions have been quite successful in their trials: * University of Nevada – They leaped at opportunity to begin a project to grow tef in 2002. In 2008 they produced 800,000 pounds of tef and in 2009 produced a million pounds (Kloman).The production was so successful that the university was approached by retailers from Ethiopia with a deal to buy as much as four million pounds. * Idaho – The Teff Co. is America’s largest producer of tef; it has been in business for 25 years (Kloman). Wayne Carlson, who lived and worked in Ethiopia in the 70’s as biologist, started The Teff Co. When he returned to the US he found that the climate and geologic region of Idaho was similar to that of Ethiopia’s prosperous regions where tef is grown. As the East African population of the US started t o grow significantly Carlson realized an investment opportunity.The Boston Globe reported in 2004 that he grows about two million pounds of tef grain annually (Kloman). Dun & Bradstreet Inc. (business information company) estimated its annual sales to be $1. 2 million (Kloman). Carlson reports this is still not enough to meet the demand. * To express just how competitive the industry has become. Carlson has recently pleaded guilty in April of 2012 for harassing a rival tef grower, Tesfa Drar, of Teff Farms in Minnesota regarding the production and distribution of their grains (Wax). Carlson was sentenced to a year’s probation. Nutritional ValueTef grains are nutritionally similar to wheat; but are actually more nutritious. The reasons for this may be due to the fact that since the seeds are so small they have a greater proportion of fiber (the nutrients are concentrated on the outside of the seed) and are almost always produced as whole grain flour. Tef is rich in energy (353 -367 kcal per 100 g) and its fat content averages to about 2. 3 percent (Seyfu). The grain reportedly contains 11% protein, which higher than that in maize or oats. The tef cultivated in the US though have been showing an even higher protein level of 14% on a consistent basis (Seyfu).These specific proteins should be highly digestible because it is high in the main protein fractions that are most digestible. Overall, it has an excellent balance of amino acids. Teff is higher than wheat in a dozen amino acids, especially the essential lysine, and slightly higher in such nutrients as potassium, zinc and aluminum. The mineral content is also good, iron and calcium are especially notable. The absence of anemia (iron deficiency) in Ethiopia where tef consumption is present is presumably due to the grain’s good iron content.The amount of calcium is equivalent to that of half a cup of spinach (Seyfu). It’s also an excellent source of vitamin C, which is not commonly found in grains. Resistant starches are a newly revealed type of nutritional fiber that is either not digested or partially digested until it reaches the large intestine, where bacteria uses it for energy (Hopman). This is beneficial for blood-sugar management, which would be ideal for those suffering from diabetes. It is also beneficial for weight control and colon health. About 20-40% of the carbohydrates in tef are resistant starches (Hopman).Bibliography Seyfu, Ketema. Tef, Eragrostis Tef (Zucc. ) Trotter. Rome, Italy: IPGRI, 1997. Print. National Research Council. Lost Crops of Africa. Vol. 1. Washington: National Academy, 1996. Print. Grains. Kloman, Harry. Mesob across America: Ethiopian Food in the U. S. A. New York: IUniverse, 2010. Print. Bai, Guihua, Mulu Ayele, Hailu Tefera, and Henry T. Nguyen. â€Å"Genetic Diversity in Tef [Eragrostis Tef (Zucc) Trotter] and Its Relatives as Revealed by Random Amplified Polymorphic DNAs. †Ã‚  Euphytica  112. 1 (2000): 15-22. Kluwer Ac ademic Publishers, 1 Mar. 2000. Web. 30 Sept. 2012. . Ingram, Amanda L. , and Jeff J. Doyle. â€Å"The Origin and Evolution of Eragrostis Tef (Poaceae) and Related Polyploids: Evidence from Nuclear Waxy and Plastid Rps16. †Ã‚  American Journal of Botany  90. 1 (2003): 116-22. Print. Assefa, Kebebew, Ju-Kyung Yu, Getachew Belay, Hailu Tefera, and Mark E. Sorrells. â€Å"Breeding Tef [Eragrostis Tef (Zucc. ) Trotter]: Conventional and Molecular Approaches. †Ã‚  Plant Breeding  130. 1 (2010): 1-9. Print. Tadele, Zerihun. New Approaches to Plant Breeding of Orphan Crops in Africa: Proceedings of an International Conference, 19-21 September, 2007, Bern, Switzerland.Berlin: Stampfli, 2009. Print. Alaunyte, Ieva, Valentina Stojceska, Andrew Plunkett, Paul Ainsworth, and Emma Derbyshire. â€Å"Improving the Quality of Nutrient-rich Teff (Eragrostis Tef) Breads by Combination of Enzymes in Straight Dough and Sourdough Breadmaking. â€Å"Journal of Cereal Science  55. 1 (2012): 22-30. Print. Engels, Jan, J. G. Hawkes, and Melaku Worede. Plant Genetic Resources of Ethiopia. Cambridge: Cambridge UP, 1991. Print. Wax, Emily. â€Å"As Americans Embrace Ethiopian Cuisine, Its Farmers Grow More Teff. â€Å"Washington Post. The Washington Post, 31 July 2012. Web. 1 Nov. 2012. .

The American Dream - 938 Words

American-born citizens, and those who aspire to earn citizenship in America, have learned about the â€Å"American Dream,† more than once in their lives. According to Investopedia, the American Dream is defined, â€Å"The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone† (â€Å"American Dream Definition,† 2013). Additionally, the American Dream can be achieved through persistence and hard work. In my opinion, the Investopedia definition is one of the most accurate available, because it takes into account that America is a stratified country. The more I learn about the struggles of the working and lower class, the more I feel the American Dream is harder to obtain. I would consider my social class to be middle class. I do believe that through my life from when I was little to now, my family has moved from the working cla ss to the middle class. 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