Essay on The Holocaust - 1581 Words

Through the course of history, the Jewish people have been mistreated, condemned, robbed, even put to death because of their religion. In the Middle Ages, they were forced to wear symbols on their clothing, identifying them as Jews. The dates 1933 to 1945 marked the period of the deadly Holocaust in which many atrocities were committed against the Jewish people and minority groups not of Aryan descent. Six million innocent Jews were exterminated because of Hitler’s â€Å"Final Solution.† This paper will exhibit how Adolf Hitler used the three anti-Jewish policies written in history, conversion, expulsion, and annihilation to his advantage. In the fourth century when the Christian church gained power in Rome, the Jews†¦show more content†¦By1933, there were more than 400 anti-Semitic groups in Germany, and Hitler was being appointed Chancellor of Germany (Wistrish, R., 2003). During the first five years of enduring Hitler and his Nazi regime, people in the Je wish communities able to immigrate started the mass exit. Jewish doctors were not allowed to practice, lawyers were de-barred, and many elderly business owners lost everything they had worked so hard for. People were stripped of their citizenship making it more difficult to leave because they were then considered a refugee. Important Jewish scientist, artists, and writers soon emigrated to escape the madness they foresaw. They immigrated to France, Belgium, Holland, Switzerland, many went to Britain, and some went to the United States (Bartov, O., 2000). The Germans confiscated personal property so many Jews left with just the clothes on their backs. Some were able to smuggle some of their wealth out of the country with them and some were able to transfer funds to banks out of the country. It is estimated the Nazi regime stole almost thirteen million dollars in currency and art from the Jewish people (Beker, A., 2001). To protect the blood and honor of the German people, The Nuremberg Race Law was introduced in 1935. The Reich Citizenship Law put Jews into three categories, full- blooded Jew, having two or more Jewish grandparents, even if you did not practice Judaism;Show MoreRelatedHolocaust : Holocaust And Holocaust1247 Words   |  5 Pages History of holocaust Holocaust Term Paper Jewish people were tortured, abused, and subjected through horrific unfathomable situations by Nazi Germany during the Holocaust. Despite all of the unpragmatic hardships Jews all over Europe faced, many stayed true to their faith and religion. There are numerous stories in which Jewish people tried to keep the roots of their religion well knowing the risk of torture and death. The never ending fear of Jewish people living in the Ghettos and trying to surviveRead MoreHolocaust : The Holocaust And Holocaust1247 Words   |  5 PagesWe all know the horrific experience, the Jews faced during the Holocaust and after it. Even after some survived the holocaust physically, they will always be tormented and haunted by those gruesome memories from those inhumane actions that were directed towards them. After, all they went through it is obvious the holocaust affected the survivor s drastically, but how about the future generations of Jews. In which I believe the holocaust did in fact affect the second generation, but the third generationRead MoreThe Holocaust : A Holocaust930 Words   |  4 PagesThe Holocaust is one of the most well known genocides that have taken place. It had destroyed millions of Jewish lives and has caused a historical pain to these people that cannot be taken away till this day. The Holocaust can be seen from Goldhagen’s perspective of eliminationism. It did have all of the five steps and yet there was uniqueness about the Holocaust. The first one that can be looked at is the concentration camp itself. The history of the camp and the stories are still being unfoldedRead MoreHolocaust : The Holocaust And Holocaust1328 Words   |  6 PagesThe Holocaust The holocaust is a term originally referred to a religious rite in which an offering is incinerated. But today, has another meaning; is any human disaster of great magnitude and importance, mainly refers to the extermination of the Jews who lived in Europe conducted by the Germany government. Throughout the nineteenth century, the Jewish community was improving their situation and their rights equalized to those of other citizens in most European countries. But despite this, these peopleRead MoreHolocaust : An Examination Of The Holocaust1117 Words   |  5 Pages In the summer of 1944 the soviets freed the Jewish from the concentration camps like Belzec, Treblinka and the most infamous killing camp Auschwitz. In an examination of the holocaust I will converse the effects of the holocaust and their worlds response, to its victims and perpetrators. The aftermath of the holocaust shows the mass Genocide people found, as Germany cures itself it showed civilization that we should not let someone manipulate us, and let them change our ideals and beliefs. I willRead MoreThe Holocaust Of The Jewish Holocaust858 Words   |  4 PagesThe Jewish Holocaust is often described as the largest, most gruesome holocaust in history. It began in 1933 with the rise of Adolf Hitler and lasted nearly twelve years until the Nazi Party were defeated by the Allied powers in 1945. The expression â€Å"Holocaust† originated from Greece which is translated to â€Å"sacrifice by fire†. This is a very proper name considering the slaughter and carnage of Jewi sh people inflicted by the Nazis. In addition to the Jewish, Gypsies, Jehovah’s Witnesses, homosexualRead MoreThe Holocaust : The Causes Of The Holocaust804 Words   |  4 PagesAfter WW2, there was a thing called the holocaust. There were many concentration camps all over Germany where many Jews were killed in different ways. It happened between WW1 and WW2, 1933-1945. My position on why this happened is that Germany was going through a rough time, so Hitler wanted their country to resemble power. Read on to learn more about the causes and ways the Holocaust could have been avoided. The Holocaust was a mass slaying of groups of people which that Germany saw as inferiorRead MoreThe holocaust959 Words   |  4 Pagesï » ¿Year 10 Humanities 2013 Unit 2: World War 2 Task 2 The Holocaust The Causes of the Holocaust The Process of the Holocaust In 1933, the Jewish population of Europe stood at over nine million. Most European Jews lived in countries that Germany would occupy during World War II. By 1945, the Germans killed nearly two out of every three European Jews as part of the Final Solution, the Nazi policy to murder the Jews of Europe. Although Jews, whom the Nazis deemed a priority danger toRead MoreThe Holocaust971 Words   |  4 Pagesof the Holocaust The Holocaust was one of the most horrible and dreaded events in history. Millions of Jews were killed, leaving many families devastated and hopeless. With the goal of racial purity, Adolf Hitler- along with many other Germans believed the Jews caused the defeat of their country, and led the Nazis to the elimination of Jews. For this reason, â€Å"Even in the early 21st century, the legacy of the Holocaust endures†¦as many as 12,000 Jews were killed every day† (The Holocaust). LaterRead MoreHolocaust Final Draft : Holocaust1495 Words   |  6 PagesAnthony Harmon Holocaust Final draft World History The holocaust started when Adolf Hitler became Germany’s dictator, and they started the organization called the Nazis. They started by terrorizing the Jewish community in Germany, then eventually put them all into concentration camps. In one of the bigger camps, they experimented and took newborn babies away from the nursing mothers and they were seeing how long they would survive without feeding. Between 1945 and 1985, about 5,000 Nazi

Fair Value Accounting Is Worth Being Used - 1962 Words

There have been many debates in previous decades amongst the investors, users of the financial statements, on whether fair value accounting is worth being used. According to IFRS 13, fair value is â€Å"the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date†. Usage of fair value has advantages, however, it has disadvantages as well. This essay will discuss how fair value is more advantageous than disadvantageous and how it is carried out. It will also examine how fair value led Lehman Brothers, an American investment bank, into bankruptcy during the global financial crisis and why the trend of fair value has emerged in the recent decades.†¦show more content†¦This is beneficial for the investors as it means that they can be confident that their decisions are correct and that the finances of the business will not suddenly change. Bubble prices can be an issue for investors as it may mislead them into making poor investing decisions. There is plenty of empirical evidence to show that bubble prices exist (Ryan, 2008). These price bubbles, according to Penman (2007), are introduced into financial statements through the usage of fair value accounting. He goes on to say that this causes bubble gains to reflect on the income statement, and these may, falsely, show the company as being healthy which could lull investors into a false sense of security. These bubbles also result in the investor receiving ineffective financial statements which will impair their decision making. An example of this would be where investors pay prices that far exceed their own valuation (Scheinkman and Xiong, 2003). This would make it tough for investors to earn a reasonable return on their investments. However, the research fails to consider the difficulties locating price bubbles or how investors can prevent themselves from being misled . It also fails to consider that bubble prices show the current trading price, albeit inflated, and therefore show the true value of the investment according to current prices. When there isShow MoreRelatedThe Financial Accounting Standards Board1621 Words   |  7 PagesFinancial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 157: Fair Value Measurements (FAS 157) to provide guidance about how entities should determine fair value estimations for financial reporting purposes. These guidelines coincide with the conceptual framework and provide a baseline for accounting professionals to gauge the true worth of an asset. The goal of the conceptual framework to provide clear concise information across the accounting professionRead MoreFair Value vs. Historical Cost Accounting1188 Words   |  5 PagesDifference between historical cost and fair value accounting In order to make the most profitable and rational decisions entity’s stakeholders have to evaluate organisation’s financial statements. Today’s world of rapidly changing prices has made it difficult to estimate what something is actually worth. Thus leading to debates at what price – historical costing price or market value – assets and liabilities should be reported. Therefore, before making any evaluations about reported transactionsRead MoreAccounting Theory 41063 Words   |  5 PagesFair value or false accounting 1. How are assets and liabilities measured under IAS 39? Answer: According to IAS 39, Financial Instruments: Recognition and Measurement, financial instrument are to be stated at their ‘fair value’- defined as ‘the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction’. ‘If the market for a financial instrument is not active, an entity establishes a fair valueRead MoreUniform accounting standards produce uniform financial reporting. Discuss and evaluate the above statement in the context of the International Financial Reporting Standards (IFRS)1064 Words   |  5 Pages In order to answer this question one must first identify what the phrases â€Å"accounting standards† and â€Å"financial reporting† refer to. Accounting standards refer to the accounting methods used in an accounting system like the IFRS. Financial reporting refers to the representation of financial information, in order to be uniform the financial reporting must be based on a fixed set of rules, invole complete objectivity and no bias. The IFRS (International financial reporting standards) has indeedRead MoreInternational Accounting Standards Codification System1414 Words   |  6 PagesIn 2006, the FASB issued Statement No. 157, â€Å"Fair Value Measurements† (SFAS 157), and in 2007 issued Statement No. 159. The objective of SFAS 157 is to increase the consistency, comparability and transparency of fair value measurements used in financial reporting by establishing â€Å"a single authoritative definition of fair value, a framework for measuring fair value, and fair value financial statement disclosure requirements†(http://www.iasplus.com/en/binary/usa/0808fairvalueupdate.pdf). In 2011,Read MoreThe Conceptual Framework Of Financial Information967 Words   |  4 PagesThe conceptual framework is used to outline potential courses of action or to present an ideal approach to an idea or thought. The framework describes basic concepts that underline the preparation and presentation of financial statements for external users. Qualitative characteristics of financial information are discussed in the conceptual framework of the standard setter, to whose work they are essential. If financial information is to be useful, it must be relevant and faithfully represent whatRead MoreAdvance Issues In Accounting1743 Words   |  7 PagesAdvance Issues In Accounting Introduction Accounting is the art of measuring and communicating financial information. To maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. These rules or principles are classified as concepts and conventions. One of the important concept in accounting is â€Å"Measurement† (Mattessich, 1977) The IASB Framework states: â€Å"Measurement is the process of determining the monetary amountsRead MoreDefining Fair Value Essay1280 Words   |  6 PagesRevalued amount is fair value at date of revaluation less subsequent accumulated depreciation and impairment losses (Touche, 2009). Canadian and U.S. GAAP use historical cost as the basis of measurement for property, plant and equipment (Touche, 2009). Revaluations are prohibited in both Canadian and U.S. GAAP (Touche, 2009). So what does that mean for companies not sure of what to choose or needs guidance? Even when a particular IFRS lacks guidance, the application of the IAS 8 Accounting Policies, ChangesRead MoreUsefulness and Reliability of Information Provided By Corporations1474 Words   |  6 Pagesusefulness and reliability of information provided by corporations. The financial accounting standard board defines usefulness as the information that is useful for the users in decision making (FASB, 2011). Reliability is inferred when the informat ion is verified, objective, and can be relied on. Therefore, Statement of Financial Accounting Standards No. 157 standardizes the valuation and disclosure of fair value for assets and liabilities in order to achieve both usefulness and reliability. TheRead MoreRevaluation Assets1679 Words   |  7 PagesThere are still many differences in accounting treatment between International financial reporting standards (IFRS) and the U.S Generally Accepted Accounting Principles (GAAP). While IFRS are widely used by many countries around the world, FASB of the U.S still working on the intention of either adopt the IFRS or converge towards it. Until the convergence actually happens, there are still many critics about the accounting treatment at the same subject under U.S GAAP and IFRS. Example of this is the

Business Law and Purpose ReflectionSamples †MyAssignmenthelp.com

Question: Discuss about theBusiness Law and Purpose Reflection. Answer: The experience which has been selected for the purpose of this reflection are duties of directors which they owe towards our company. I got to know that directors not only have a duty imposed on them by the common law in form of fiduciary duties but also specific statutory duties have been provided by especially in enacted legislations. I got to know that the directors must always have to such a way so as to ensure that best interest of the company is established. Directors are in Supreme control over the affairs of the company. They have been provided the right to manage the company by its members and shareholders. As a company has many members all of them cannot engage in its management and therefore directors are needed to effectively manage a company. Directors evidently act as a fiduciary of the shareholders. They have the natural duty to protect the interest of the shareholders in the company. In addition as company is not a natural person and it cannot act on its own the directors have to ensure that they act in such a way as to not cause any loss or harm to the company for the purpose of making personal profits. There are many events witnessed by the corporate world where directors have used a position to make improper use of the Assets and resources of the company personal gain. They have also been instances where the directors have been negligent and reckless towards the duties imposed on them and as a result have got significant harm to company. The directors can be sued for such actions not only under statutory provisions but also under common law negligence. They might be disqualified to act as director for a specific period or permanently. They may also be held personally liable for the losses incurred by the company. Therefore I learned that the directors must always be very diligent and careful towards the duty is imposed on them by common law and specific legislations.