Summarizing and Paraphrasing Activity Essay Example | Topics and Well Written Essays - 500 words

Summarizing and Paraphrasing Activity - Essay Example In understanding the case, despite unanimous support from the protestors, only Johnson was identified for criminal proceedings and found guilty by the court. The amendment of the 1968 statute to make it neutral by passing the Flag Protection Act of 1989', Congress had manipulated the First Amendment to its advantage. Johnson was charged under the desecration of a venerated object in violation of Texas Penal Code Ann. Sec. 42.09 (a) (3) (1989). When he went on appeal against this verdict in the Court of Appeals for the Fifth District of Texas at Dallas, the court affirmed Johnson's conviction. The matter was taken to the Texas Court of Criminal Appeals, which reversed the judgment stating that the State could not, consistent with the First Amendment, punish Johnson for burning the flag in these circumstances (Thomas-Library of Congress, http://thomas.loc.gov- Thomas) Fast food has been a bane on American society. The craze for fast food has only added to the worries of the US Health Department. Obese is a curse on society. With more and more outlets attracting the various strata of society, health related problems have been eating into the national coffer.

Sub Cultures From Which Criminal Behaviour Arises Criminology Essay

Sub Cultures From Which Criminal Behaviour Arises Criminology Essay Clarke et al. describe culture as the way social relations of a group are constructed, acknowledged and interpreted by its members. A subculture differs in its focal concerns but will also share some things in common with the culture from which it derives; also known as the parent culture. Subcultures must exhibit a unique structure focused on certain activities, beliefs and so on, that visibly distinguish them. Nevertheless, as they are sub-sets, there must be significant things that bind them with the parent culture. For example, the Kray twins were part of a criminal subculture and the working class culture in East London. Subcultures can be characterized by a distinctive language, music taste, dress sense, hairstyle and lifestyle understood and shared by its members. Examples include rockers, Rastafarians or punks. Criminal subcultures on the other hand, may share most of these characteristics, but will hold an alternative value system that accepts delinquent behaviour. Richard C loward and Lloyd Ohlin state that a delinquent subculture is one in which certain forms of delinquent activity are essential requirements for the performance of the dominant roles supported by the subculture (1960: 7). Criminal subcultures are normally found among lower class young males from large urban areas (Cloward Ohlin, 1960; Croall, 1998). This essay will look at a brief history of Robert Mertons work and the input of the Chicago School and associated theorists such as Edwin Sutherland to provide an understanding of how and why American subcultural theories developed thereafter. These approaches will be looked upon in assessing the works of Albert Cohen (1955) and Cloward and Ohlin (1960). Other works will be discussed such as Gresham Sykes and David Matza (1957) and Walter Miller (1958) to critique American subcultural theories. Finally, this shall be followed by work that emerged from Britain including David Downes and the Birmingham University Centre for Contemporary Cult ural Studies (CCCS). Other key factors influencing the nature of subcultures will be raised in order to provide a substantiated conclusion. Croall (1998) and Newburn (2007) both argue that American subcultural theory emerged from research carried out by the Chicago School in the 1930s on cultures, street life and delinquent gangs in Chicago. It was found that certain subcultures in society have different values and attitudes that contribute towards crime and violence. Influential theorists such as Edwin Sutherland (1937) aimed to explain the nature and development of youth subcultures by suggesting that crime is a learned behaviour that takes place in specific groups with different behaviours, attitudes and peer group pressures. He argued further that those exposed to more criminal than non-criminal values were more likely to adopt criminal values learnt through a process of differential association. This includes the techniques of committing a crime, motives, drives and rationalizations associated with crime. This differential association may differ in terms of frequency, duration, priority and intensity. Individuals th erefore become criminal due to an increased number of definitions favourable to breaking the law over definitions unfavourable to violations (Fulcher Scott, 2003; White Haines, 2004; OBrien Yar, 2008). On the contrary, Robert Merton developed the Strain Theory (1938) to expand upon the concept of anomie first argued by Durkheim who suggested that anomie is a state of normlessness in society. Merton attempted to explain the breakdown of cultural and social structure that accompanied the Great Depression of 1930s America (Burke, 2005). Social institutions such as the mass media, education system and the state stressed that middle class material rewards and success of the American Dream were achievable goals for individuals who worked hard to attain them, as argued by Merton. Unfortunately, working class male youths had different institutional means available to them. Moreover, they were ill prepared as they were not socialized to succeed in a middle class environment. They experienced strains associated with inappropriate structural opportunities to achieve culturally defined goals. For that reason, these blocked opportunities lead some people to form a delinquent subculture as a col lective solution to pursue alternative criminal avenues. Mertons theory therefore indicates that strains do not reside within the individual but are produced by wider social processes and structures (Croall, 1998, Bilton et al. 2002). Merton developed five different ways in which individuals respond; conformism- people accept the culturally defined goals and institutionalized means of attaining them; innovation- individuals accept the culturally defined goals but lack the institutionalized means to attain them and therefore resort to crime; ritualism- people accept the naturally defined goals but cannot sustain them but continue to pursue institutional mean regardless of the outcome; retreatism- people reject both the culturally defined goals and institutionalized means of attaining them and retreat from society in different ways such as substance abuse; and rebellionism- people substitute their own cultural goals and institutionalized means in place of the conventional goals and me ans of achieving them (White Haines, 2004; Burke, 2005; Newburn, 2007). Merton is criticized for accepting the status quo and assuming that there is a consensus amongst everyone to pursue the middle class cultural goals of ambition, success and achievement, rather than acknowledging how powerful people define society and its goals. Also, the focus is merely upon working class crime thus Merton accepts the official recorded crime statistics which suggest that crime is mostly committed by the working class. This suggests that the strain theory fails to consider structural inequalities for example how the capitalist system marginalizes and labels lower classes and criminalizes their activities. In addition to this Merton ignores other crimes like white collar or corporate crimes which are equally or even more damaging to society. Finally, though there may be some strain underpinning criminal behaviour, Merton does not fully explain why some individuals respond with delinquent behaviou r and others do not (White Haines, 2004, Fawbert, 2013). A different argument is provided by Albert Cohen in Delinquent Boys (1955) who developed the subcultural theory of Status Frustration. He criticized Merton for focusing on acquisitive property crime alone. Cohen argues that lower-class boys fail to attain the middle-class standards of success, suffer cultural deprivation, unemployment, educational failure and broken homes. For Cohen, the school was where lower class youth understood their choices were constrained by society (White Haines, 2004). As a result, they experience status frustration and reject mainstream goals. A delinquent subculture is formed as a collective response to these social problems. Individuals invert middle class values and therefore engage in negativistic malicious crimes such as vandalism in search for status rather than material success (Bilton et al. 2002; Terpstra, 2006, Fawbert, 2013). This notion is supported by Paul Willis study Learning to Labour (1981). Walter B. Miller disagrees with Cohens view tha t delinquents value middle class beliefs and invert them by acting out their frustration via negativistic crime. Miller developed the lower-class cultural theory (1958) that focused on gang delinquency and argued that the lower class has a separate, identifiable culture distinct from the culture of the middle class. (p.27). He argues that it has its own value system which naturally produces crime, thus a young person who conforms to lower-class values automatically becomes criminal. According to Miller (1958) lower-class culture is characterized by focal concerns; toughness, smartness, autonomy, excitement, fate and trouble. Therefore, a criminal subculture stands independently from middle-class culture and draws its beliefs and practices from its parent lower class culture (Glick, 2005; Terpstra, 2006). Richard Cloward and Lloyd Ohlin (1960) criticize Albert Cohen for failing to explain why different types of delinquency take different forms. They argue that all classes share the same societal goals of success and wealth, however, the working class is deprived of gaining these goals. Illegitimate opportunity structures will arise in situations where the cultural goals are still pursued, but legitimate opportunities are lacking. Cloward and Ohlin therefore accept Mertons view that denied legitimate access to available opportunities results in working class criminality. Cloward and Ohlin stress that delinquents have withdrawn their support from established norms and have invested officially forbidden norms of conduct with a claim to legitimacy in the light of their special situation (1960: 19-20). Cloward and Ohlin suggest working class youth will share their own delinquent subcultural values dependent on different environments that provide different opportunities for crime (White Ha ines, 2004; Burke, 2005; Glick, 2005, Shildrick, 2006). Cloward and Ohlin (1960) provide three different types of subcultures which are a form or adaptation from the blocked opportunities given by the dominant social order. First is the criminal subculture found in areas with a pre-existing criminal culture whereby prestige is allocated to those who attain material success via illegal means of securing income such as property theft. To succeed within this subculture, one should cultivate appropriate connectionsà ¢Ã¢â€š ¬Ã‚ ¦andà ¢Ã¢â€š ¬Ã‚ ¦promote an apprenticeship à ¢Ã¢â€š ¬Ã‚ ¦with older and successful offenders (1960: 23). Second is the conflict subculture found in areas with high gang warfare and where the aim is to acquire a reputation for toughness and destructive violence (1960: 25). The manipulation of violence allows for individuals to gain status and prestige amongst their peers. The third type is retreatist subculture and it involves those that have failed to succeed both legitimately or otherwise; a double failure. Individuals or groups engage in a hedonistic existence and are culturally and socially detached from the life-style and everyday preoccupations of members of the conventional world (1960: 25). Alcohol or drug consumption becomes a way of life. All three subcultures are alike in that norms that guide behaviour are opposite to the norms of mainstream society. Cloward and Ohlin accept that these subcultures may sometimes overlap one another but overall their theory shows how working class delinquency is not due to material gain only (Croall, 1998; Newburn, 2007; Fawbert, 2013). Alternatively, David Matza 1964 argued that subcultural theory was guilty of over-predicting delinquency and ignoring human agency by providing an over deterministic view of human behaviour as influenced by society. Gresham Sykes and David Matza (1957) developed the Delinquency and Drift Theory that rejects subcultural theories and argues that working class youth subcultures form as a way of expressing particular subterranean values such as hedonism, adventure, thrill seeking and risk. Skyes and Matza argue that these are shared with mainstream society but expressed in different contexts. Mainstream society expresses these values and deferred gratification during their leisure time, whereas delinquents express these at the wrong time and place. Subcultures are seen to disregard the work ethic and enjoy pleasures that have not been earned through work (Fulcher and Scott, 2003). Further, similar to Cohens view, delinquents do not fully reject middle class goals, but regularly use techn iques of neutralization or deviance disavowal to justify their criminal actions (Shields Whitehall, 1994). One technique is the denial of responsibility such as suggesting that their action was accidental or blame it on their parents. Second is the denial of the victim by suggesting that the victim deserved it. Third is the denial of injury which involves the criminal refuting that their behaviour caused any real harm and was just for fun. Fourth, is condemning the condemners by suggesting that the police are corrupt for example. Lastly, an appeal to higher loyalties whereby other norms other than legal ones are more important and are worth protecting loved ones even if it means perverting the law (White Haines, 2004; Glick, 2005; Newburn, 2007; Fawbert, 2013). All in all, Matza and Sykes suggest that norms and values of subculture allow for criminality but do not demand it, particularly from the lower working class. Mainstream values influence criminals, thus subculture of delinquency is loose-knit as only a few members are full time committed and most drift between conformity and deviance (Fawbert, 2013 and Skyes Matza, 1957; Croall, 1998; Newburn, 2007). On the other hand, Skyes and Matza are criticized by Newburn (2007) and Downes (1966) for denying that there are distinct groups with their own distinctive values. Instead, they suggest that all people share delinquent subcultural values. The subcultural theories that have been looked at developed in America and were not always relevant to Britain where violent or criminal gangs were rarer. British work on subcultures developed from the work by Birmingham Universitys Centre for Contemporary Cultural Studies (CCCS) established by Richard Hoggart in 1964, which criticized American approaches. The CCCS followed a Marxist perspective and focused on subcultures based around particular styles such as teds, rockers, skinheads and so forth. Rather than individual problems of status, the Birmingham school regarded subcultures as a working class young people solution to the problematic societal conditions. They argued that youth may face the double failure of not being able to achieve the goals of their parent culture or dominant culture as each new generation faces its own problems regarding local economic conditions. For example Stan Cohen (1972) suggested that working class youth subcultures in 1960s and 70s Britain develope d due to housing and employment changes that affected the working class as a whole. Communities broke down and many traditional jobs disappeared. Thus he argues that the latent function of subcultures is to express and resolve the contradictions unresolved in the parent culture (Clarke et al., 1976, Croall, 1998; Young, 2006). Croall (1998) argues that David Downes (1966) who carried out work on criminal youths in London found that they did not conform to the image suggested by American subcultural theorists, Cohen and Cloward Ohlin. Instead, delinquent activities were seen as fun mostly by youth with poor education and they did not display frustration at their lack of success. Rather than being opposed to mainstream values they were dissociated from middle class values within school or work settings. These youths formed a subculture where delinquent activities were an appealing solution to a leisure problem that simply occurred in their social circumstances. This is because they could not participate in middle class leisure pursuits (Glick, 2005, Muncie, 2009). In addition to this, Downes also argues that Matzas model under predicted delinquency. It appears as though crime is a working class male phenomenon, but this may be because of bourgeois assumptions about criminality. Crime statistics are measured in a positivist way and have shown that the lower working class have a greater tendency to commit crime. Moreover, it is the powerful class that puts pressure on the police and the criminal justice system to create a culture that serves their interest and not attract the label of criminality. One problem with subcultural theories as a whole is that they tend to ignore certain aspects linked to culture such as gender and ethnicity as well as the conflicts between dominant and subordinate groups. In addition to this, Heidensohn also criticizes subcultural theories for determinism, selectivity, conformity and anomie (Fulcher Scott, 2003; Young, 2006; Newburn, 2007). Other points to consider include the effect of labeling individuals as delinquent which may result in a process of self-fulfilling prophecy. One example of this is Jock Youngs study (1971) which found that 1960s hippie marijuana users, who took drugs as a social activity, developed a subculture that valued drug consumption only after they were labeled and targeted by the police. Regarding the mass media, moral panics are created through the amplified exposure of negative images of subcultures. These too exaggerate the activities of subculture and further reinforce dominant values and beliefs. Nevertheless, these theories have taken away the blame on the individual, as provided by classical theories of crime, and shifted it to social structures. Merton emphasized the strain between goals and means and the way criminal means would be used to attain goals where legitimate means such as education are lacking. Subcultural approaches by Cohen and Cloward and Ohlin, acknowledged the formation of subcultures as a response to a lack of status and opportunities supplied by cultural goals (White Haines, 2004; Clarke et al, 2006).

The Shepard’s Keeper :: Essays Papers

The Shepard’s Keeper Throughout time there has been at least one constant that I am aware of. That constant is art. One particular piece of art stands out and catches the eye. That piece of art is The Shepherdess and Her Flock constructed and perfected by Jean Francois Millet. When one makes a certain judgment on a piece of art, one must be precise and certain about that judgment. When observing Millet’s piece I will take in to consideration three things to make my judgment: use of color, theme, and meaning. The Shepherdess and Her Flock catches the eye very quickly. The painting consists of a shepherdess tending to her sheep in some remote hills perhaps and most likely in Western Europe. The shepherdess herself is standing just a few paces ahead of her flock while they are all grouped together tightly apparently feeding. She is holding a staff while studying the ground. The look on her face makes her seem like she is disturbed for some unknown reason. The shepherdess is wearing many articles of clothing. Her first layer is blue and reaches down to her ankles. The next layer appears to be some kind of shawl. The shawl is cream colored and only reaches just past her waist. The final piece of clothing is red and only covers her head. The grass beneath the shepherdess, which covers the entire land, has bald spots and contains dandy lions giving it great character. This is the grass on which the flock is feeding on. Watching over the sheep is a shepherd dog stand just to the right of the flock. The dog stands very proudly and has a great pride in his job. The sky in this work is covered entirely with clouds. The only bare spot in the sky is at the very top of the painting where the clouds begin to split. Millet’s work appears to be set early in the morning. Looking beyond the flock as far as the painting will allow, one can see some hills and trees and perhaps a small village or town. This painting is overwhelming with beauty and style and elegance. Millet comes to the edge of perfection is his work, The Shepherdess and Her Flock. When an artist creates a piece, in this case a painting, the artists must take into consideration the colors that he/she uses.

The Head vs. the Heart

The Head Vs.. The Heart The sounds of tools and chains clink and Jingle not too far off Slaves are in the fenced off field picking the soft cotton from the dry earth. The dust coming from the path that leads from the big, white house to the field gets picked up in gusts of wind making them squint their eyes. The owners of the house are chatting and laughing on their dusty porch sipping on their tea while their children play tag and hide-and-go-seek with each other on the grass below.The sun Is beating down on them with Intermittent periods of shade from the passing clouds blocking the suns harsh rays. To the left, there Lies the Millponds river. The water calmly passes by. Carrying branches and logs that slowly drift down the river passing quacking ducks swimming to keep from the heat. Hanging over the cool, dark water are willow trees that one could lie under peacefully in the shade. It is quiet there and is the perfect place to unwind and forget all the worries of the day.This mixe d setting is something that is easily seen in Mark Twain's book, The Adventures of Huckleberry Finn. Huckleberry Finn does not need d quiet place Eke that to get to thinking about his day, his upcoming decisions, his past choices, and his life In general. He constantly thinks about what Is right and what Is wrong, but In his society, there are often conflicting answers, the things his head tells him to do, which Is what society tells him, and the things that his heart tells him, the Ramirez 2 things that he believes to be right.Mark Twain satires d society that forces d child to go to hell† In order to do what Is morally right. Husks caretakers wanted Heck to be well educated, go to church, and learn about the bell_ Ironically, he never found anything interesting. When the Widow Douglas tried to â€Å"learned [Ã'›_him] about Moses and the Bulrushes and [†¦ He] was in a sweat to find out all about him,† he found out â€Å"that Moses had been a considerable long t ime, so then [†¦ He] didn't care no more about him because [†¦ He] don't take no stock in dead people† (cal).Heck wanted to learn about religion, but he could never bring himself too it because of his lack of Interest. He also did not believe In It because Miss Watson told him that whatever he prayed for, he would get. â€Å"But It warrant so. [†¦ Hell tried It. [†¦ Hell tried for the hooks three or four runes, but somehow [†¦ Hell couldn't make It work† (chi). Heck viewed the slaves In a different light. He did not Just see them as objects to be owned and sold. He knew he could not do whatever he pleased with them because to him, unlike the majority of socio', they were actual people with feelings and emotions.When Jim ran way from Miss Watson, even though Heck knew him to be â€Å"most ruined for a servant, because he got stuck up on account of having seen the devil and been rode by witches† (chi en still gave him a chance and treated m as t en were anyone else to go along with him on his adventures. He believes what he is told until he finds that it actually is not the case. Even though the rest of society wanted him to and would have turned Jim in, Husks kind heart told him that the people were wrong and to do what he thought was morally right.Authority was also a challenge for young Huckleberry. He disobeys his father which is a young boys largest role model as well as authority figure. Pap tells him to â€Å"look here–mind Ramirez 3 how [†¦ Heck] talks to [†¦ Him]; [†¦ He is] a-standing about all [†¦ He] can stand now– so don't game no sass† (chi) because Heck wan not giving his father the respect that he deserved. When Heck ran away, he knew he was going against his father's wishes, but did not care that he was going against authority because he was following what his heart was telling him to do.Throughout the book, Heck knows what is right and hat is wrong according t o the world he lives in, but according to him, â€Å"What's the use you learning to do right, when it's troublesome to do right and anti no trouble to do wrong, and the wages is Just the same? † (chic). It was difficult in that time period to distinguish the difference between true right and wrong, but Heck broke the standard and questioned what he knew in order to do what he found to be the truly right way. Works Cited Twain, Mark. The Adventures of Huckleberry Finn. De. Thomas Nash. New York: Penguin, Ltd. , 1985. Print

Financial Reporting and its Regulatory Framework

Fiscal Reporting and its Regulatory Model Fiscal Statements have been developed and published by both ASB and IASB to supply information about the public presentation and alterations in fiscal place of an organisation which is required for economic determinations by a broad scope of people. Decisions are made by different stakeholders of a concern. Each stakeholder has its ain peculiar demand for doing a determination based on the fiscal statement’s representation. The chief aim for fiscal statements is to do the stakeholders understand about the fiscal place of the concern before any determinations to be undertaken. There are two types of stakeholders related to a concern:Internal StakeholdersExternal StakeholdersINTERNAL Stakeholders consists on the company’sSenior Managementsuch as Directors, CEO, Owners and Shareholders. Besides senior direction, there areManagement degreeemployees such as Directors and Executive Directors and in conclusion theFunctional degreeemployees such as Workers. Each degree of employee has its single point of involvement on the fiscal statements.Stockholdersof a company seek for efficiency and effectual operations in the organisation. Their point of involvements is on net incomes, assets and equity. They use the Financial State ments to place the hazards of their investing in the company to do investing determinations based on their analysis and besides the return they are having from old investings.Directorsof a company assess fiscal statements to pull off day-to-day intimacies and operations in the organisation. They seek for company net incomes and disbursals to guarantee a consistent and effectual operation so that the concern can use its resources efficaciously. This analysis helps them to understand the effectivity of their old determinations and these will finally act upon future determinations.Functional degree employeesof an organisation have their point of involvement on the fiscal statement for their occupation security and future wage. Before their ain satisfaction, the employees seek information about the entity’s ability to pay their wages and rewards and supply incentive compensation and retirement and other benefits. EXTERNAL Stakeholders consists of providers, clients, equity investors, possible investors, revenue enhancement governments, public, Government bureaus, rivals, public etc.Suppliersdemand to measure the recognition worthiness of the organisation to do certain if it is safe to provide the goods on recognition. They need to cognize the organisations ability to pay the credits by analysing the organization’s fiscal statement. They are interested in the company’s liquidness. Liquidity is critical for the endurance of a concern. A concern that is non liquid may be forced into bankruptcy by its creditors. Once belly-up, a concern may be forced by the tribunals to halt its operations, sell its assets and stop its being.Customersdemand to guarantee that organisation have the resources to keep a steady supply the goods particularly when they have a long-run engagement with the company in the hereafter. They need the fiscal statements of the company to guarantee that the company is a unafraid beginning of supply.Equity investorsnecessitate the company’s fiscal statements to guarantee that the company is capable of involvement payments and refund of adoptions as the concern is their beginning of hard currency influx. Through the company’s fiscal statements, they compute the possible current fiscal wellness of the company to cipher the possibility of a bad loan. They are chiefly interested in the company’s ability of bring forthing more favourable hard currency flows as they take peculiar determinations on the sums, timing, and uncertainnesss of future hard currency flows.Potential investorsseek fiscal statements to look into whether or non to put in the company. They foresee future dividends on the footing of Net incomes which are shown in the statements. For illustration if the old statements shows high fluctuations in the net incomes, therefore it is notified as excessively hazardous to put. This is how possible investors foresee the f uture fiscal wellness of the company and takes determinations based on those fiscal statements.Tax governmentsand theGovernmentseek fiscal statements to repair upon the truth of revenue enhancement declared in the revenue enhancement returns, revenue enhancement policies and keeping standard national income and other similar statistics. They assess the fiscal statements to measure the concern and the assorted ways the company is responsible for effectual allotment of economic resources.Rivalsmeasure the fiscal statements to measure public presentation degree between them in the market and to plan new schemes to increase the fight between them.Fiscal advisersmeasure the company’s fiscal statements to garner information about the company’s fiscal wellness, liabilities, assets etc. Based on that information, the advisers ushers or assists the company to take determinations such as doing more investings, purchasing new portions, loans etc. Company statute law is the jurisprudence under which the company’s formation, enrollment or incorporation, administration, and disintegration administered or controlled. The memoranda of association is a papers that contains the basic regulations for the formation and activities of a company. It is the basic papers that sets out how the company is traveling to be and what work will be done. The intent of the memoranda is to let members of the company, its creditors, and the populace to cognize what their powers are and what the range of their activities. The memoranda contains regulations associating to the capital construction, the liabilities of the members, the aims of the company, and any other of import issue related to the company. The memoranda is altered merely after certain formalities are observed. It shows the scope of the company. It enables stockholders, creditors and exterior to demo the permitted activities of the company. Harmonizing to the UK Company Act 2006 ( Part 2: Company Formation ) , a company must by formed by one or more persons and dues their names into a memoranda of association and comply with the regulations and ordinances of the act to register. The act besides states that a company can non be formed for any improper intent. The memoranda of association provinces that the company must organize under this act and the persons must hold to be members of the company so that in instance of the company that is to hold portion capital, must take at least one portions each. The application of enrollment papers must incorporate the company’s name, indicant of company’s registered office is situated conditions in England or Wales, whether the proposed company to be public or private and in conclusion whether member’s liability is to be limited by portions or warrant. In Statement of capital and initial shareholdings must incorporate information about figure of portions of the company to be taken on formation by t he endorsers to the memoranda of association and the gross nominal value of the portions. Statement of warrant contains such information as may be prescribed for the intent of placing the endorsers to the memoranda of association. The papers must incorporate a statement where it states that the prescribed member or endorser have to lend to the liabilities of the company if the company winds up in his presence. Contribution of liabilities may include bad debts and liabilities, payments of the costs, disbursals of weaving up, etc. The article of association is the regulations and legislative acts framed for the intent of internal direction of its personal businesss. It is the rights of the member of the company together. The articles are aimed at the attainment of the aims and intent of the Memorandum. The articles of association of a company are low-level to and are controlled by the memoranda of association. Public limited companies are non bound to register their article of association ; but Private limited companies are bound or obliged to register their article of association along with the memoranda. If a company is limited by company, the figure of members with whom the company is to be registered must be stated in the article. For any company, an article of association must incorporate some few affairs. They are: figure and value of portions, portion allocation, change of capital, reading and definition, transportation of portions, managers and their power and responsibilities, meeting notices, precedi ng of manager, histories, audit, dividends, common seal, militias, enlistings for vacancies, secretiveness, etc. As per the Companies Act 1994 ( Bangladesh ) , there are three types of company. They are: 1 ) Company limited by portions ; 2 ) Company limited by warrant ; and 3 ) Company with limitless liability. These three different types of companies do non carry on their concern in same mode. Each follows their ain company fundamental law in legal issues. The fundamental law of the company is contained two documents- the memoranda of association and the articles of association. Any seven or more individual or, where the company to be formed will be a private company, any two or more individuals associated for any lawful intent may, by subscribing their names to a memoranda of association and otherwise following with the demands of this Act in regard of enrollment signifier an integrated company, with or without limited liability, that is to state, either-a company limited by portions that is to state, a company holding the liability of its member limited by the memoranda to the sum, unpaid on the portions severally held by them ; ora company limited by warrant, that is to state, a company holding the liability of its members limited by the memoranda to such sum as the members may severall y thereby undertake to lend to the assets of the company in the event of its being wound up ; orAn limitless company, that is to state, a company holding no bound on the liability of its members.The memoranda of a company, which is limited by portions, should include the name of the company including the word LIMITED at the terminal of it, reference of office, liability is limited for the members, proposed portion capital to be registered and dividends. Other than this, the memoranda should include that at least one portion is owned by each member and each member’s figure of portion should be stated opposite to his/her name. Memorandum of a company which is limited by warrant should province the name of the company including the word LIMITED at the terminal of it, reference of office and that the liability is limited for the members. Other than these, it should besides province that that the prescribed member or endorser must hold to lend to the liabilities of the company if the company wounds up during his/her presence in the company. Contribution of liabilities may include bad debts and liabilities, payments of the costs, disbursals of weaving up, etc. If the company is to get portion capital, so the memoranda should include the figure of proposed portion capital and the division thereof into portions of a fixed sum. Each member of the memoranda must get at least one portion and each member’s figure of portion should be stated opposite to his/her name. When the company is to be registered as limitless company, so its memoranda must besides include the name of the company and the reference of their registered office. If the company is to publish portion capital, members of memoranda must get at least one portion each and the figure of portions should be stated opposite to his/her name in the memoranda. Article of Association of company is a subsidiary of and controlled by Memorandum of Association. It is a papers that consists of regulations, ordinances and by-laws sing the internal direction of the company. An article should non go against any proviso of the memoranda and the relationship between articles and memoranda. The Articles are the subsidiary of Memorandum ; the memoranda must be read in concurrence with the Articles ; the footings of the Memorandum can non be modified or controlled by the Articles. Every type of company must make full articles of association at the clip of enrollment. The articles must be signed by the members of the memoranda of association and needs to be registered together with the memoranda. A private company’s article should incorporate information such as figure of members is limited to 50, transportation of portion is restricted and the limitation for ask foring public to buy portions and unsecured bonds. The article of a company which is limited by warrant should include information about the figure of member to be registered in the company and the article of an limitless company should include information about figure of members to be registered and sum of portion capital if the company has a portion capital. The article should include some basic information such as histories, dividends, Directors, general meetings, borrowing powers, portion certification, arbitration, audits, operation of Bankss, etc. The fiscal statements prepared by the company are read by Government people to even local populace. All fiscal statements should be prepared following a basic criterion so that everyone can easy understand. Harmonizing to the UK Company Act 2006, Most accounting criterions are developed based on four premises. They are: Monetary premise, Time period premise, Economic entity and Traveling concern. The value of a company can non be determined merely by sing its assets. There are many companies in the universe where the work force is much more valuable than its assets. It found that such companies generate immense sum of net income despite of its really less fixed assets ; i.e. for illustration a company has entire fixed assets valued at merely TK 5, 00, 000, but the company is bring forthing net incomes of TK 4, 00, 000 yearly. These premises derived from the application of judgement in seting personal premises into pattern. It can be found that many companies have been following similar personal premises for old ages but ne'er came to a common decision. These uses in accounting criterions were commenced in order to show the histories in the most favourable visible radiation. Accounting criterions are reliable criterions for fiscal coverage. They are by and large adopted by GAAP ( Generally Accepted Accounting Principle ) . They show how events are presented, measured, recognized and disclosed in a fiscal statement. They provide information about the fiscal places of the company to assorted stakeholders of the company so that the stakeholders can utilize the information to do utile determinations. The accounting criterions were developed in such a manner that any company could easy follow the demands while fixing the fiscal criterions. The criterions were developed decennaries ago to make such accounting criterions that can be easy adopted by any underdeveloped state. As planetary concerns began to turn, big companies realized the necessity of holding common criterions in all countries of the fiscal coverage concatenation. In 2007 a study revealed that many accounting leaders all over the universe believes that for world-wide economic growing, a individua l set of international criterion should be used. At this clip more than 120 states all over the universe follows IFRS criterions to fix fiscal statements. The European Union ( EU ) states such as UK, Italy, France, etc. adopted International Financial Reporting Standards as their national accounting criterion for fixing fiscal statements. Other states such as USA and Bangladesh usage GAAP ( Generally Accepted Accounting Principal ) accounting criterion to fix fiscal statements. Though GAAP is an International Standard for Bangladesh, but it is being used in Bangladesh for over decennaries. Hence GAAP being an international criterion for Bangladesh is finally considered as National Standard. All concern entities require accounting criterions whether they are limited or non. Through fiscal statements, a company is able to stand for true and just value of their public presentation, and to do certain that the statements represent true and just value, accounting criterions are required. Public limited companies are bound to print their fiscal statements for the general public but private companies are non. The public limited companies are bound to follow the accounting criterions for just representation of the company’s public presentation but as private companies do non print fiscal statements, they are non bound to follow with accounting criterions. However private limited companies should pattern to follow with accounting criterions as just representation of fiscal statements are of import for its users. International Accounting Standard ( IAS ) & A ; International Financial Reporting Standards ( IFRS ) were developed and published by International Accounting Standards Committee ( IASC ) & A ; International Accounting Standards Board ( IASB ) severally. IASC was established in 1973 and subsequently in 2001 it was restructured to go the International Accounting Standards Board ( IASB ) . During the clip when IASB was being established back in 2001, the board adopted all IAS criterions and eventually it was named IFRS. hypertext transfer protocol: //ayshh.hubpages.com/hub/contents-of-Articles-of-Association