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Issue in Accounting Theory

Question: What is the Issue in Accounting Theory ? Answer : Presentation This paper means to give a basic investigation of the a...

Tuesday, February 18, 2020

Economic event ( read steps down ) Essay Example | Topics and Well Written Essays - 1000 words

Economic event ( read steps down ) - Essay Example In brief, the Reagan Tax Reform Act of 1986 was passed by a bi-partisan majority in both house and senate and signed into law by the President. What this affected was lowering the top individual income tax rate from 50% to 28% (Cebula 132). Although this was a vast reduction, it was in fact revenue â€Å"neutral† as the tax burden that was created from the savings was merely passed off onto businesses. President Bush further passed legislation that reduced the tax burden down from 28% to 20%. This has caused an ever increasing budget deficit as Washington is both unable to curtail spending and seemingly obsessed with further tax cuts. It is this cycle of ever increasing budgets and the inability to raise taxes on any group due to the political pressures that have evolved into the unique situation that both political candidates face. Further complicating the issue is the fact that Mitt Romney’s plan intends on keeping the Bush era tax cuts and extending them indefinitely. Similarly, his tax plan claims that although no additional percentage tax increases will be affected, additional revenue will be generated by reducing itemized deductions and other special benefits that the wealthy typically enjoy on their taxes. Analysis by independent think tanks and tax analysts have proven that this particular maneuver will not even come close to closing the revenue gap that further reduction in the highest individual rates will have (William 4). Furthermore, if Mr. Romney will be able to meet the same level of tax revenues while reducing the tax revenues generated from the wealthy, this will invariably be dependent upon the plan’s ability to cover the shortfalls of tax revenue/generation. Likewise, a primary issue that one quickly realizes when analyzing Mitt Romney’s tax plan is the fact that he is interested in: cutting the

Monday, February 3, 2020

Principles and Practice of Leadership and Management in a Learning Essay

Principles and Practice of Leadership and Management in a Learning Disability Context - Essay Example It is common for these individuals to have some extra needs in care and communication, and helping them reduce stress and feel comfortable is one of the major responsibilities of their caregivers (Clements 1987). It is normally necessary to have the disabled people live in areas where they have easy access to both medical and psychological care. This is mostly done in institutions or in the context of the community (Turnbull 2004). Consequently, it is the responsibility of those charged with managing institutions that care for these individuals to put in place measures that ensure that these people are awarded the most conducive atmosphere with as little discomfort as possible (Dalby & Knifton, 2012). During my training as a learning disability nurse, I have been to various institutions and have met varying management styles. In analyzing the qualities a manager should possess, I will first review two different institutions and their managers to try and draw out the reason why manage ment is an important factor in the success or failure of these programs. A success story One of my initial placements took me to an institution caring for people who needed psychiatric care. On getting to the facility, I was introduced to my supervisor who took his time to introduce me to all members of staff, a situation that helped me feel welcome. I was then handed a set of papers that outlined what was considered best practices in the institution, and was informed that the first item on my itinerary would be to attend a two hour seminar where I would be brought up to speed with the requirements the managers set for all the staff at the institution. I was impressed with the level to which the management went to ensure compliance with the best practice guide, and immediately understood why the institution was ranked among the best in psychiatry care in the country. The manger had set guidelines which he insisted strict adherence to. The seminar was supposed to; Plant a deep workin g knowledge of all issues regarding psychiatry. In this aspect, one was always encouraged to consult with their peers or those senior to them in case they encountered a situation or issue they were not familiar with. Explore how difficulties in communication were manifested in the mentally disabled, and how to make the best out of whatever channels were available to communicate with the patients in an individual level. To educate the staff on consent and capacity issues with respect to people with psychiatric needs and on how best to navigate around the issues Inform the managers and support staff on the resources available to them in the hospital, and on other organizations that offer psychiatric services. The manager was a stickler to detail and insisted on the highest levels of discipline. He led by example in implementing the guidelines on treating people with learning disabilities as equals. In my early days, one case stood out that engraved the importance of having staff and d epartments organized in a conveyance belt model for service provision as spelt by Gates (2009). In the witnessed case, an emergency rescue team had called in on a patient who had recently been discharged, but who had had a recurrence, was physically aggressive and had inflicted some injuries on her body which needed a minor surgery. Since the institution