Speech On Marijuana Legalization - 972 Words

EXTEMPORANEOUS SPEECH MARIJUANA LEGALIZATION I dont use any illegal drugs, but I am opposed to the fact that marijuana is illegal. The main reason for that is that smoking marijuana is no more dangerous to the user than smoking cigarettes and no more dangerous to society than alcohol consumption. Yes, there are necessary limits to individual freedoms. Yes, marijuana should be regulated by the government and restricted from consumption by children. Yes, marijuana may be somewhat harmful to the user. But there is no logical justification for criminalizing marijuana while the use of other drugs with virtually identical risks is entirely permissible. Government has a legitimate concern to exercise its authority to protect society and the general public from behavior of individuals and government also has a limited right to exercise paternalistic authority to limit and regulate the types of risks to which individuals can expose themselves. For that reason, laws that criminalize drunk driv ing, for just one example, are completely justified. Otherwise, irresponsible personal behavior could put innocent people at great risk. Government also has the justifiable right to impose certain reasonable restriction on individuals for the general benefit of society and because certain types of personal risks can have significant costs to society. For example, the government can require car manufacturers to install seatbelts and require drivers to wear them because vehicularShow MoreRelatedSpeech on Marijuana Legalization1123 Words   |  5 Pages in the USA is that of the legalization of marijuana. This controversial topic is on the minds of our entire country. Whether or not to legalize marijuana has been a nation wide debate for years. In this informative speech I will be discussing only facts and opinions. Opinions and facts will come from organizations such as The National Organization for the Reform of Marijuana Laws, Marijuana Legalization Organization and the Drug Policy Alliance. Marijuana Legalization is an issue because there areRead MoreEssay on Speech on Legalization of Marijuana in Brazil870 Words à ‚  |  4 PagesSpeech on Legalization of Marijuana in Brazil Good morning class mates. Today I am going to discuss the legalization of marijuana in Brazil. I strongly believe marijuana should be legalized. I am not here to encourage anyone to use or not use marijuana. Yet I do believe that many current problems may and can be solved by its legalization. Marijuana is the most popular drug in Brazil after tobacco and alcohol. Discrimination is the reason why marijuana has stillRead MorePersuasive Essay - Persuasive Outline1380 Words   |  6 Pagestwenty years, the reputation of marijuana has evolved and possibly in the best way. People’s opinions have shifted from seeing the hemp plant as a drug with no use other than a temporary high, to a plant that could possibly be the definition of versatile. II. Motivation for listening: Did you know that currently 25 states and D.C have legalized marijuana for medicinal use? Yes a 50%. I believe that society to some extent has played a key role in accepting marijuana in a medicinal way. As the generationRead MoreEssay on Legalizing Marijuana-Persuasive Outline941 Words   |  4 PagesBilly Bob Joe Good Example Persuasive Speech Outline Purpose: To persuade my audience to: support the legalization of marijuana, because of it being able to provide many medical as well as economic benefits for the United States if legalized. Thesis Statement: Marijuana has been regarded as a harmful plant that can endanger lives and is thought to be nothing more than an extra problem to be dealt with in today’s society. However, based on its economic value and medical benefits, theRead MoreWeed Be Better Off Without Marijuana1728 Words   |  7 PagesBetter Off Without Marijuana Dope, Mary Jane, Pot, Grass, Weed, Blunt, Joint, and Nuggets are only a few of the countless names for marijuana, a narcotic drug used for recreational and sometimes medicinal uses across the world. Recently growing enough popularity among younger generations due to the glamorization of media, and the overwhelming financial gains through taxes and fees seen in Colorado, have caused Ohio legislators and citizens to consider the idea of legalizing marijuana for both recreationalRead MoreDifferences and Similarities in the Arguments for Legalizing Marijuana1302 Words   |  6 PagesLegalizing Marijuana The legalization of marijuana has become a mainstream issue that the nation has become highly concerned about in recent years. Lately more and more conservative opposers have begun to change their minds, realizing the benefits of marijuana. Debate followers go as far as saying that it is no longer a question of if marijuana will be legalized, but when. The shift in viewpoints is due to the increasing awareness of some of the positive effects legalizing marijuana could have Read MoreShould Marijuana Be Legalized?1617 Words   |  7 Pages1113 2 December 2014 Legalization of marijuana According to Wikipedia, marijuana is a name for cannabis plant and a drug preparation made from it. Commonly it is named as cannabis, bud or weed, pot or ganja. I have found marijuana to be one of the most controversial things in United States. Not necessarily is marijuana controversial, the views related with the legalization of this thing are truly dubious. It is true that different persons haveRead MoreEssay Astonishing Statistics of Marijuana Use in Minors1539 Words   |  7 Pagesmillion Americans ages 12 and over have reported to using marijuana at least once within the previous year. That number alone is an astonishing statistic on marijuana users. Although marijuana has been a drug with increasing popularity especially throughout the past couple of years due to the legalization in some states. In November of 2012 history was made when Washington and Colorado both legalized marijuana for recreational use. Although marijuana is considered to be a Schedule 1 drug, which me ans itRead MoreMarijuana Should be Legalized Essays1357 Words   |  6 Pagesthe past few years. Marijuana has been illegal since the early 1900’s, but lately scientists have figured out that there are some uses of marijuana that could benefit people in need, people who are sick of deadly diseases such as aids, multiple sclerosis, and cancer. These are all diseases that are hard for anyone to go through, especially without aid that helps the pain and misery from ceasing. Prohibiting marijuana has just made things worse, by increasing the price of marijuana, the illegal usageRead MoreLegalizing Marijuana For Recreational Use1362 Words   |  6 Pageslegalize marijuana for recreational use. Similar to the age limitation set for buying and consuming alcohol and smoking of tobacco products, Colorado has set the age limit for recreational use for adults who are at least twenty-one years of age and over to use an ounce of this drug. According to the drugabuse.gov website, the dru g marijuana is defined as a greenish-gray mixture of the dried, shredded leaves and flowers of Cannabis sativa—the hemp plant. After two years of legalizing marijuana, Colorado

The Lewis And Clark Expedition - 1415 Words

Captain Meriwether Lewis and William Clark put their lives on the line only to return with information regarding the Pacific Northwest of the United States territory. Their reasons behind this journey, being to expand the United States to the West, involved the entire nation but debatably, their accomplishments and the reaction of others became a major part of today’s history. The foremost reason behind the Lewis and Clark expedition was all based on Thomas Jefferson’s, president at the time, interest in expanding the West since before the 1803 Louisiana Purchase in France. Even as a child, Jefferson was always curious and interested. Jefferson believed that if he could enlarge the United States to the West it would be guaranteed that the United States would survive and would have a stronger government. Thomas Jefferson had chosen various candidates to send to explore to the West, due to him being busy being the president. Each candidate Jefferson chose, did not seem to be fit for the job. In around 1802, Jefferson read a book on Alexander Mackenzie who previous traveled from Canada to the Pacific Ocean and then back. After reading the book he told his personal secretary, Meriwether Lewis, about the book and Mackenzie’s accomplishments. Lewis decided to take the challenge of following the footsteps of Alexander Mackenzie and make that same journey. Thomas Jefferson sent Lewis to Philadelphia to be tutored and taught to survive during the journey. Lewis then hand-pickedShow MoreRelatedThe Lewis And Clark Expedition1333 Words   |  6 PagesMeriwether Lewis. Lewis turned for assistance and invited the U.S soldier and experienced outdoorsman, William Clark, to share command of this legendary expedition. The explorers marched to the unexpected challenges and experiences that laid within the unfamiliar land. Their contributions to the extraordinary expedition provided valuable information regarding the topography and ecology the Louisiana terri tory had to offer. Appointed for the Position The Lewis and Clark Expedition coveredRead MoreLewis and Clark Expedition1018 Words   |  4 PagesJames Jang William and Meriwether, better known as Lewis and Clark, were hired by the U.S. president Thomas Jefferson to explore the newly bought Louisiana Purchase. The Louisiana Purchase was bought from France in 1803. Lewis and Clark started their expedition in 1804 near St. Louis. The group of explorers called themselves the corps of discovery. In the first winter they were helped by a Shoshone Indian named Sacagawea. Their journey was full of trouble and challenges but in the end led to a greatRead MoreThe Expedition Of Lewis And Clark1270 Words   |  6 PagesWithout the expedition of Lewis and Clark, the American history that people know would be completely different changing the accomplishments in history. The background and experience Lewis and Clark already developed prior to the expedition would be very beneficial and help make the journey easier. The development of the mission played a key part in the expedition itself because if the development did not play out exactly how Jeffer son planned, then the expedition may not have been as successful.Read MoreThe Lewis And Clark Expedition1405 Words   |  6 Pages Sacajawea is a renowned Native American woman who played a significant role in the Lewis and Clark Expedition. As stated by Brown, â€Å"She turned to dreaming of the future, of what it might hold for Pomp (her son), as she had dreamed of what might lie ahead for her when she had learned she was to be going on the expedition. But it was no dream that she had become a part of history† (110). Although most of her history is unclear, one thing is definite - without the help of Sacajawea, the United StatesRead MoreThe Lewis And Clark Expedition1433 Words   |  6 PagesThe Lewis and Clark expedition was a truth that was to become the crowning accomplishment in the lifetime of the brilliant thinker, inventor, and founding father, Thomas Jefferson . It has become a profounding turning point throughout America’s history. Investigating the recen tly obtained Louisiana Territory, which nearly doubled the size of the country, arranged Jefferson the opportunity to widen the boundaries of the United States to include both the Atlantic and Pacific oceans. The threat of theRead MoreThe Lewis And Clark Expedition1424 Words   |  6 Pages On May 14, 1804 in the eastern city of Saint Louis, William Clark and Merry-weather Lewis set of on the westward adventure that would change America as we know it today. Their journey began on the Mississippi River, those rapids would propel Lewis and Clark into the Corps of Discovery. Across the vast land that these men would soon travel lived the many native-american tribes. The Native people hunted freely across their western lands, lived their life as one with the ground they so carefullyRead MoreThe Expedition of Lewis and Clark581 Words   |  2 PagesThis report is on Lewis and Clarks adventure through the United States. On May 14,1803 William Clark and nearly four dozen other men met up with Meriwether Lewis on May 20. The Lewis and Clark Expeditio,n The Corps of Discovery began making its way up the †¢. \\?\ \? Missouri on a †¢ss-toot-long ship and two smaller boats. As they traveled,Clark spent most of his time on the ship journaling the course and making maps. Lewis wa s often on the shore, studying the rock formations, soil,animalsRead MoreThe Expedition Of Lewis And Clark1522 Words   |  7 PagesMany people in America know of the historical expedition of Lewis and Clark, but only a few know of the expedition to California led by Jedediah Smith. This expedition took place after Thomas Jefferson signed the papers to acquire a huge region in the west through the Louisiana Purchase. After this expansion many people were eager to explore the west and among those was Jedediah Smith. From his childhood, Smith dreamed one day of exploring the unknown west part of the United States. He once saidRead MoreLewis And Clark Expedition : The Great Expedition2140 Words   |  9 Pages Lewis and Clark Expedition The Lewis and Clark expedition was amongst one of the first major American expeditions. This expedition helped the United States advance in science, land as well as gaining many valuable resources. The Lewis and Clark expedition is also an amazing American story. Lewis and Clark went through extraordinary situations to expedite Americas growth and science. They accomplished this expedition with strenuous encounters with the NativeRead MoreLewis and Clark Expedition Essay926 Words   |  4 PagesThis paper will explain why Lewis and Clark are two of the greatest explorers in American history. Some of the distinguishing factors of these explorers and the three main points in this paper are their exploration of the uncharted west by way of the Missouri river, the many discoveries made along the way, and the effect they had on the westward expansion of the United States. In January 1803, Thomas Jefferson sent a confidential message to Congress asking for approval and funding of the exploration

Nursing As A Science And Art - 1439 Words

Questions to answer How nursing considered as a science and an art and discuss how the philosophy of nursing is applied to this definition. There is no contention that nursing is considered both as a science and art based on the dispensation of services to the community and patients. As a result of that, the paper seeks to explicitly elaborate the same by giving authentic distinction of why nursing is categorically classified on the two dynamics with a reflection of artistic and scientific intellectualism In this case, nursing is defined as an art since it deals with matters of dealing with community and direct support of patients through nurturing spiritual growth physical growth, mental care, and emotional support. These are some of the activities that shields were nursing as an art that is fulfilled in the following perspective of health principles (Nursing, C., Antonovich, J., Nursing, C., 2016).It allows universal propagation of compassion to other people, caring, equity that is non-judgmental, and cultural sensitivity that are derived from the loquacity of a calling. This implies that no one may be in a position s uch as medical officers, and practitioners would give credible services to the patients by applying art ideologies during nursing. However, nursing is also considered as a science because of the following. Nursing offers medical and health education to patients in the hospital and the public. Besides that, it also renders the acquisition of medical treatmentShow MoreRelatedIs Nursing an Art or Science1576 Words   |  7 Pages Is Nursing an Art or Science, or Both? NUR 1214 Abstract Nursing is defined and referred to as both an art and a science through theory and research in nursing practice. Although the science of nursing is grounded on the acquirement of knowledge and skills, along with theoretical understanding of nursing, but it is also described as ‘an experience lived between human beings’. Is Nursing an Art or Science, or Both? Introduction The terms science and art are essential for the nursing practiceRead MoreNursing as an Art and Science1150 Words   |  5 PagesTopic: The Art and Science of Nursing Name: Course: Instructor’s Name: Date: This paper seeks to explore Nursing practice in an attempt to demonstrate the change in perspective of the practice over the years from a traditional view to a more contemporary and realistic view. It will seek to achieve this by performing a literature review of two articles that not only talk but also define and distinguish nursing as both an art and a science and explore a nurses’ experience of being inRead MoreArt And Science Of Nursing Essay2354 Words   |  10 PagesNursing practice is known as a combination of nursing knowledge and compassion in providing care and comfort to patients. Moreover, nursing practice has changed and developed into a dynamic profession to create a better health care environment. It is always essential to combine art and science aspects in nursing practice to help improve patients ‘outcomes. What is the art and science of nursing? Art and science of nursing is described in different ways through literature. According to Polos (2014)Read MoreThe Art and Science of Nursing670 Words   |  3 PagesWhat do we know about nursing? To what extent do we understand nursing? How can we decide if we do â€Å"know† what nursing is? These are questions asked when we are developing knowledge about Nursing as both an Art and Science. Nursing gathers it generalized knowledge from experience with unique individuals from sources such as everyday non-scientific knowledge yet nursing always return to the individual for the application of its knowledge. What is nursing science? Nursing science is defined accordingRead MoreArt And Science Of Nursing2238 Words   |  9 PagesArt and Science of Nursing For the 14th straight year, the public once again ranked nurses as most ethical and most trusted profession in the United States (Gallup, 2015). But what makes nurses the most ethical and most trusted profession? Is it the science of applying evidence-based practice? Is it the art of providing unwavering support and care to patients and their families? Or is it be both? The aim of this paper is to define the art and science of nursing, discuss its influences in currentRead MoreThe Art And Science Of Nursing1977 Words   |  8 PagesThe Art and Science of Nursing Nursing is a profession that has evolved greatly over time and encompasses many different roles. Initially, nurses were thought of as caregivers who followed the orders of physicians and had little autonomy. As the profession has grown, nurses now hold higher roles and increased responsibilities with regards to patient care. There are two sides to nursing, one includes the caring, compassionate, humanistic aspects and the other involves the skills-based, objectiveRead MoreThe Art And Science Of Professional Nursing Practice1173 Words   |  5 PagesThe Art and Science of Professional Nursing Practice Frequently, nurses are considered the foundation of the healthcare industry and the stakes are high when certain qualities must be possessed when working with patients and providing quality care. Nurses have a profound ability to apply strong skill-based knowledge with a caring and compassionate attitude that can improve patient outcomes. They also play an important role that can positively or negatively affect the way patients and family membersRead MoreDefinition And Concepts Of Art And Science Of Nursing2271 Words   |  10 Pagesconcepts of art and science of nursing, how each of these concepts affects nursing practice based on literature, relate how they influence my current personal practice, identify the influences on the changing health care environment, and examine how my nursing practice has changed in the last five years. I will also discuss the strategies I have used to apply the art and science of nursing in my practice and identify the approach I will utilize after c ompleting my Bachelor of Science in Nursing (BSN).Read MoreEssay about Nursing: A Profession of Art and Science1114 Words   |  5 PagesNursing is a dynamic profession built upon a foundation of art and science. It has adapted to rapidly changing technology, rising patient acuity, and weathered the challenge of nursing shortages with an unwavering commitment to professionalism. In this paper I will discuss my beliefs and values, my vision for the future, and my strengths and limitation in pursuing my career goals. I will also reflect upon the influences that contributed to choosing nursing as a profession. Choice of Nursing InRead MoreThe Theory Of Humanistic Nursing1458 Words   |  6 Pagesand effective nursing practice is a combination of art and science. Both the art and science of nursing are employed when working with a patient on their health goals. The art of healing is the communicative and relationship building skills while the science of nursing is the technical skills related to the field. Throughout nursing history, theories have been developed that attempt to explain the role of the nurse. These theories often try to either explain the science or art of nursing. Some of these

Accounting Theory Political and Economical

Question: Discuss about the Accounting Theory for Political and Economical. Answer: Introduction: A conceptual framework is an important accounting framework in the area of financial reporting. The framework is arranged by a standard-setting body to solve basic financial reporting issues in an effectual manner. The framework plays a major role to delineate the nature as well as purpose of accounting. Apart from this, principles-based standards need a conceptual framework due to several reasons. For case, the major reason is that it presents an elementary structure for principles-based standards. The conceptual framework establishes the accounting standards in the root of the fundamental concepts of accounting (Bullen and Crook, 2005). Moreover, the framework would also be helpful to FASB and IASB to accomplish coherent accounting as well as reporting properly. A conceptual framework works as a written charter for financial accounting, reporting, and all the orientations that are prepared from it. On the other hand, the framework plays a major role to make sure that there is reliability between standards such as: IASs, IFRSs, etc. In other words, it also can be said that, the framework brings constancy between the preparation and interpretation of financial statement as well as financial reporting. A conceptual framework also puts a stop to dissimilar conclusions on analogous occurrences. It offers similar conclusions on related events. Moreover, with the help of the framework, FASB and IASB would be able to use more reliable standards eventually. In the context of future amendments in the accounting standards, the framework would be able to make sure that the amendments will be within its elementary conceptions and will not make an inconsistent standard (Wolk, Dodd and Rozycki, 2008). The conceptual framework is considered as the root of the accounting standards; so the root must be firm to maintain the consistency of the accounting standards. Therefore, due to above discusse d reasons; principles-based standards have need of a conceptual framework. The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) share a general conceptual framework due to several important motives. For instance, the main motive behind it is that both IASB and FASB want to endorse the convergence of IFRS (International Financial Reporting Standards) and U.S. GAAP (Generally Accepted Accounting Principles) globally. In this situation, a common conceptual framework would be beneficial to lead a set of high-quality global accounting standards all around the world (Jack, Davison and Craig, 2013). Along with this, a common conceptual framework allows to the IASB and FASB to develop, refine and modify the IASB framework as well as FASB concept in an appropriate manner. A common conceptual framework also plays a significant role in order to develop future accounting standards that are principles-based as well as constant to fulfill the goals of the IASB and FASB. It also leads financial reporting to provide the inform ation that is required to make decisions that are related to credit, investment, and so on. In addition to this, a common conceptual framework deals with a variety of issues that IASB and FASB may face in their existing frameworks. Moreover, both IASB and FASB make out the differences between IFRS and GAAP; and also identify solutions to remove these differences effectively. In that case, a common conceptual framework provides global solutions to IASB and FASB; so they can purge differences between IFRS and US GAAP in an appropriate manner. The framework also offers the best stand to develop principle based common accounting standards to the organizations (Warne, 2008). A common inclusive and constant conceptual framework is also essential to remove all the conflicts that are related to the accounting standards. In view of that, it is important to share a common conceptual framework to IASB and FASB. Yes, it is true that several parties can benefit from a conceptual framework. I believe that a conceptual framework is more significant for several parties rather than other frameworks. In my opinion, a conceptual framework offers a common understanding of accounting standards to the parties. Along with this, a conceptual framework provides constant results to the accounting parties. It is a system of consistent objectives as well as fundamentals. By using this framework, parties do not require a lot of documents to prepare, analysis, and interpret financial statements (Bazley, Hancock and Robinson, 2014). So, it reduces the eminence of documentation as compare to others. On the other hand, a conceptual framework encloses high level accounting standards principles that the related parties can understand in a very easy way. In contrast, the other frameworks require loads of documents and also very complicated to understand. The conceptual framework is considered as a behavioural code and all the parties may follow this framework without any issue. Moreover, all the parties require consistency in the preparation of accounting statements; and it is only possible throughout a conceptual framework (Bromwich, Macve and Sunder, 2008). Consequently, in my opinion, a conceptual framework is more imperative than any other framework. In the area of accounting, a cross-cutting issue refers as the inconsistency between different accounting standards. A cross-cutting issue has an effect on the accounting standards. Along with this, cross-cutting issues generally expose the accounting rules that must be appear in the accounting standards of FASB and IASB (Gianni, 2016). In other words, a cross cutting issue refers as the huge effect in the operations of a specified field because of its nature. In addition to this, equality, sustainability, consistency, etc. are some potential examples of cross cutting issues. It is because of sustainability as well as consistency in accounting standards is essential to remove variances among global standards. Moreover, equality also motivates all the parties to work in an accurate manner. If there is an absence of equality, sustainability and consistency within the accounting standards as well as operations then it may create cross-cutting issues in front of the organizations (Gebhar dt, Mora and Wagenhofer, 2014). In this way, it can be assumed that, cross-cutting issues are dangerous to the organization because of they create discrepancy among accounting standards. The given case study shows that the US GAAP (Generally Accepted Accounting Principles) has become a major subject of critic in the recent years. The major reason behind it is that the US financial accounting standards are being more inconsistent. Along with this, according to me, the fundamental problem with financial statements is that these financial statements are completely unrelated with the global accounting standards. The major reason of this irrelevancy is that US GAAPs are still based on the historic cost measurement principle in place of the fair value of the asset (Laux and Leuz, 2009). I believe that, fair value must be used in order to make financial statements more consistent and relevant. On the other hand, the fair value of accounting standards would also be beneficial to reveal a clear depiction of the financial health of the company. Moreover, there are some limitations that make the use of historical cost irrelevant. For case, the historical cost only reveals the historic facts related to the company; and in this situation investors would not be able to evaluate the current situations as well as future projections in an accurate manner. The other limitation is that, the historical cost does not consider the changes that may take place in the marketplace (Chea, 2011). Along with this, the income statements that are arranged with the help of historic cost measurement principle are unable to disclose the actual profitability of the organizations. In this way, in my views, the above discussed are the most important problems with financial statements that are based on the historic cost method of US GAAP. Yes, I consider, the principle accounts must be a sign of economic reality as a core principle of measurement in accounting. It is because of economic reality involves all the business circumstances in order to evaluate the financial statements of business corporations. Moreover, it also takes into the consideration the fair value of accounting standards rather than historical costs. It is well known that historical cost method does not provide a clear picture of the profits or revenues of the firms. Historical costs are obsolete and therefore they are not applicable as a core principle of measurement in accounting (Kaur, 2013). Along with this, in the area of business accounting, the major purpose of accounting is only to present a fair and comprehensive image of the economic condition of an organization. In this situation, economic reality will work to provide an inclusive image of a company's economic condition. On the other hand, rarely, some conflicts may take place between accounting and economic reality conflict. But, it does not mean that, in that situation, economic reality would not be a key principle of measurement. It will always be a core principle of accounting. It is because of in the absence of economic reality, business firms face a lot of critical challenges to deal with the investors as well as analyst of the corporation. Moreover, some business organizations believe that economic reliability creates confusion at the time of preparation of financial statements. They become unable to decide that which item should be in the asset and balance sheet of the company (Fahnestock and Bostwick, 2011). But, in that case, the GAAP ignores the consequence of economic reality. It also increases the importance of economic reality; and therefore it can be measured a core standard of measurement in accounting. In real, there is no need to evaluate economic reality. It is because of it has been established its deep roots in the accounting standards. For that reason, standard setting bodies, practitioners, and financial experts believe that economic reality provides an unbiased representation of the financial statements of the companies. But, if there is a need of the measurement of economic reality then there are some methods or techniques that may be useful to measure economic reality effectively. For case, the first method is that economic reality works on the principle of the fair value. The fair value of assets can be helpful to evaluate economic reality (Eades, Laseter, Skurnik, Rodriguez, Isabella and Simko, 2010). On the other hand, valuation of assets such as: monetary assets, intangibles assets and assets traded in the markets also contribute their roles to measure the economic reality in the current situations of the marketplace. Moreover, the measurement of economic reality also depends on the required information of people. For example, investors will use cash flows to measure the economic reality. But, traders and manufacturers will use current market selling and buying price respectively to assess the economic reality (Russell, 2008). Also, historical transactions will also be used by the auditors to compute the economic reality. Hence, there are different measures that are useful in the measurement of economic reality. On the basis of the given case scenario, reliability in accounting indicates towards the quality of information. In other words, reliability in accounting means the accounting information that the business organizations provide to investors/users must be accurate and free from the errors. Along with this, the accounting information must be balanced as well as unbiased; and also competent to present the clear meaning of the accounting information. The reliability of the information depends on the constancy and also represents the clear meaning of the information for which they are proposed (Maali and Jaara, 2014). Moreover, bank statements, purchase receipts, and so on are the major examples of reliability in accounting. In addition to this, there are some important components of accounting reliability. But, verifiability and constancy are the two core components of accounting reliability. Accounting reliability refers to the credibility of the financial statements. It plays a major role in order to verify the accounting information. It is also beneficial to evaluate the trustworthiness of information and also use that information to make important decisions that are related to the investments (Jones, 2015). Overall, it can be assumed that, constancy in accounting information is reliability in accounting. On the basis of the given case study, it can be believed that, in current, issues related to environment are increasing on the regular basis. In view of that, business organizations are obliged to think about the environmental issues that are faced by all over the world. So, companies must take into consideration specific provisions to fulfill their environmental liabilities in an appropriate manner. These provisions would also be beneficial to identify the major elements that are responsible for increased environmental issues (Carmichael, Whittington and Graham, 2007). Apart from this, the FASB calls for companies to record a provision regarding environmental costs of retiring an asset on its estimated fair value. I think companies can estimate such a provision by taking appropriate actions into considerations. For case, to estimate such provision, companies should present these provisions in front of the stakeholders (shareholders, employees, community, government, company, etc.) a nd also give them instructions that they are required to adopt such provisions to record the major elements that are responsible for environmental issues. On the other hand, in my opinion, such provisions would be helpful to fulfill the future gains and to estimate fair value of an asset. Moreover, some important provisions that are also involved in the estimation are appropriate planning as well as costing of the assets. The company should also measure the on-demand performance of the assets. Business companies should also provide guarantees that their recourses and assets are eco-friendly (Patton, 2017). Along with this, companies should use a discounted present value and also apply the principle of the time value of money to estimate such a provision in an effectual and an appropriate manner. In the given case study, it is clear that, the business organizations in the US are bound to fulfill their liability towards the environment. Along with this, in the give case, it is also given that, the business corporations are obliged to pursue the important standards that are proposed by the US FASB (Financial Accounting Standard Board). Moreover, companies are also obliged to follow specific provisions that are developed by the US FASB with regard to detection of the environmental liability of the businesses. According to these provisions, the business organizations are forced to preserve environmental liabilities that are connected with the ultimate retirement of an asset (Repetto and Dias, 2006). Moreover, the business firms those are carrying out practices as regards asset retirement obligations are also obligatory to reserve their environmental liabilities in order to maintain recognition of a liability. In addition to this, in the given case scenario, it is clarified that, if the business firms estimate the fair value of the assets then their liabilities towards environment are held in reserve. Moreover, the estimation of fair value of assets also indicates towards the recognition of environment liability. These types of provisions also point towards the development of the environmental liability within the business processes (Hoffman, Raabe, Maloney and Young, 2016). In this way, the above discussed policies or provisions are the major aspects of the requirements that were used by US companies to extend appreciation of a liability. The implementation of these policies would be also beneficial for the companies in order to expand their business in the international market also. On the premise of the given case study, it can be analyzed that the development of environmental sustainability measures may increase the cost of the business companies. It is because of business firms need to spend huge amount of money in the implementation of such measures. But, this thing would be beneficial for the future of the companies. Moreover, the recognition of the liability regarding future restitution activity may affect the current and future net profits cash flows of the companies. For case, business organizations will spend huge funds to implement provisions related to the environmental sustainability (Pearce, Barbier and Markandya, 2013). This may reduce the current net profits of the companies. The main reason behind it is that the implementation of these measures will increase the costs of the companies. But, there may be seen high increase in the net profits of future years. It is because of due to the implementation of environmental sustainability measures, the goodwill of the organizations will increase in the upcoming years and this thing would increase the future net profits of the companies. In the same manner, the implementation of environmental sustainability measures will also influence the cash flows of the business organizations. For case, the implementation of the sustainability measures will increase the total amount of outflows at the start. As a result, it can be estimated that the cash flow of the companies will go outwards in the beginning. On the other hand, it is also projected that the prosperity of the companies will go up in future; and therefore the movement of the cash flows would be in the favor of the businesses (Glasson, Therivel and Chadwick, 2013). In this way, the recognition of environmental liability will improve net profits and cash flows of the companies in the upcoming years. The given case scenario expresses that, it is very important to recognize the environmental liability to the companies. The main reason behind it is that environmental liabilities play a significant role to save the environment from the dangerous chemicals or toxins. Along with this, the environmental liability will force to the business organizations to not release a large amount of waste during the production process. It is the penalty that must be given to the companies for spoiling the environment. So, the companies must recognize their liability towards the environment and they should implement effectual measures to fulfill their responsibilities related to environmental sustainability (Hammit, Rogers, Sand and Wiener, 2013). Moreover, to high extent the disclosure about the liability is adequate. There must be strict rules regulations to fulfill the environmental liability. Business companies should also understand that the fulfillment of environmental liability is not decreas ing their profits. However, it is increasing the goodwill and future profits of the companies. References Bazley, M., Hancock, P. and Robinson, P. (2014). Contemporary Accounting PDF. Australia: Cengage Learning Australia. Bromwich, M., Macve, R. and Sunder, S. (2008). 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