See requirement Essay Example | Topics and Well Written Essays - 1250 words

See requirement - Essay Example e 1970s and 1980s, whose advocates support widespread reductions in government spending, free trade and economic liberalization in order to improve the role of the single sector in the economy. It originates from the principles of neoclassical economics. The policies of neoliberalism help to establish a lenient atmosphere for economic development. The anti-politics machine by James Ferguson presents a Foucauldian critique of the development apparatus that the development dialogue produces an illusion of a country that is less developed, how the disjunction of fantasy causes the development plan to fail at its stated objectives, and why the development apparatus has the consistent effect of strengthening and expanding bureaucratic state power. It is adapted from Ferguson’s 1985 dissertation. It examines the reasons for the collapse of Thaba-Tseka range management/livestock development project to establish commercial cattle industry in Lesotho. According to Robertson (1984), development equipment is a practical tool that solves universal problems. It originates from the action of nation-states attempt to establish ideal worlds and development agencies are left with the mandates to implement these unrealistic projects. Scholar’s role in this apparatus is to ensure that the ideal worlds pursued by states are steady with the knowledge of the work of real societies so that development planning can locate itself goals capable of being achieved. Talking too much of the failure of Thaba-Tseka project would be a mistake since most of the rural development projects in Lesotho had faced the same problems. While declaring result of his experience with the project and admitting that the project had its share of frustrations, one of the original planners of the Thaba-Tseka project argues that he would never again be involved in any field management project. Talking to the author, he indicates that of all the development projects launched in Lesotho, only Thaba-Tseka had

The Impact of IFRS for SMEs on UK companies Essay

The Impact of IFRS for SMEs on UK companies - Essay Example All of these entities have the option to adopt corresponding accounting tiered reporting framework under a certain purpose (Baker and Wallage, 2000). For instance in the United Kingdom (UK), publicly accountable entities are required to adopt full international financial reporting standard (IFRS) while those non-publicly accountable entities are required to use IFRS for SMEs. On the other hand, small companies are required to adopt financial reporting standard for smaller entities (FRSSE). However, these different entities have the option to adopt whatever reporting framework they need or most suited to their individual system (Jermakowicz et al., 2006). For instance, in the UK, small companies may have the opportunity to either apply full IFRS or IFRS for SMEs. Small company is defined as having less 250 employees and there are 571 listed of them in the UK in 2010 (Andrews, 2010). Financial reporting standards such as IFRS are designed especially in advanced economies (Tyrrall et al ., 2007). In line with this, there is a strong link between economic system and financial reporting standards. In the UK, it is without question that organisations may eventually adopt it due to complexity of their business operations. However, in the midst of this assurance, it is still important to individually understand how each organisation responds to existing financial reporting standards considering the system they have with them. In line with this, the European Union for instance is trying to call the attention of stakeholders in order to participate in the implementation process (Larson and Herz, 2011). However, in the midst of this strong effort, there is still a need to consider how exactly this will create an impact on the individual stakeholders with specific systems they are adopting. Furthermore, there is certainly an ongoing issue about the effectiveness of using regular IFRS and IFRS for SMEs. Thus, organizations are faced with various considerations on what report ing framework to use in the first place to effectively contribute maximum benefits into their business. For instance, one of the important issues is concerning about cost and successful efforts in adapting to international accounting reporting standards (Cortese and Irvine, 2010). In accounting, an organisation is always faced with issue concerning cost and success of implementing activities. The entire activity does not only employ the idea, but the corresponding compatibility. Companies have ideas on the good thing about creating their own standard about financial and tax accounting reporting and their strong link so as to ensure flexibility in the application process (Street and Larson, 2004). On the other hand, in adopting specific financial reporting framework companies especially in Europe are not only concerned with the costs it may incur. They are also looking forward to the other benefits it may contribute to their organisation (Jermakowicz and Tomaszewski, 2006). The benef its however may vary on what financial reporting standard they employ. Little is known about the impact of IFRS for SMEs on the UK companies. Mostly, the regular or full IFRS have been used and widely evaluated in its performance though. Objective of the study The proponent will assess top ten best small companies in 2010 in the UK