Free Essays on Uniform to Get Inspired & Learn by Example

Conceptual Framework for Financial Reporting

The conceptual framework methodology is widely used in the wide variety of subject as a tool for theoretical modeling. In order to make accounting process harmonized and coherent, all the accounting standards both national and international genre have developed a uniform framework, based on the principles, concepts, and taxonomy of accounting practices to raise the standard of the entity. The conceptual framework is expected to provide a frame of reference or foundation for standard setting. It provides the standard setting authority with the reason and guidance to develop standards and promulgate it. The reason and guidance are rooted in Continue reading...

The United States of America has the Uniform Commercial Code to harmonize the laws of the fifty different states concerning commercial transactions between the states. The code has a recommendation of laws to be adopted by the states. The UCC was approved by the National Conference of Commissioners on Uniform state law, the American Bar association, the American law institute, and it was published in 1952. The states have the option to adopt and modify provisions or adopt it as written.
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Introduction

The concept of genuine link has proved to be a controversial one. Genuine link is a political and legal issue which is described in the international maritime law. The study of international maritime law has therein faced many problems due to this concept and the requirements needed for ships and nations to have a genuine link (Oxman & Bantz 2000). This concept requires that the ships operating in international waters should be registered to certain countries. These ships should be linked with the countries and should fly the country’s flag. Any ship not flying a flag or flying more Continue reading...