Child Labor is a Form of Child Abuse Essay Example | Topics and Well Written Essays - 500 words

Child Labor is a Form of Child Abuse - Essay Example Child labor hampers children from furthering their intellectual growth by robbing them of time spent inside the classrooms to be educated. Childhood is a very significant period in the intellectual development of an individual. However, being tied in different chores hinders children from getting proper schooling. Even if it is argued that child labor equips children with some skills, empirical evidence emphasizes that it significantly robs children the opportunity to be educated. Children who spend more time in work activities have less time to spare to attend their classes. Furthermore, â€Å"time spent working takes away from study, play, and sleep and might undermine the effectiveness of the classroom for child workers that attend school†. Child labor also lessens the ability of children to improve their academic performance. Lastly, child labor passes the responsibility of parents to their young children. It is the sole responsibility of parents to provide the material needs of their children and it is very abusive of them to have their offspring support the family. One extreme example of this is the case of bonded laborers where child labor is used to pay the debt of the family. In all these situations, children are burdened with responsibilities which are not theirs. Child labor is a form of maltreatment as it passes parent’s responsibilities to the child. Exposing children to hazardous working conditions endangers their physical well-being while robbing them of the time to be educated hinders their growth.

Foreign Currency Matters Essay Example | Topics and Well Written Essays - 500 words - 1

Foreign Currency Matters - Essay Example On the other hand, if the functional currency is the Japanese Yen, then there will be no effect on exchange rates. This means that cash flows will not be impacted, hence not included in net income (Financial Accounting Standards Board, 1981). Â  In a situation where more than half of the subsidiary’s revenue is Singapore sources, the Singapore Dollar will be the functional currency but the end of year finances will be reported in Japanese Yen. On the other hand, if more than half of the subsidiary’s revenue is from Japanese sources then the functional and reporting currency will remain as Japanese Yen (Earnest & Young, 2014). Â  4. Remeasurement means that a subsidiary’s functional currency is dominant in record keeping. At the end of the year, the current exchange rates are put into an account before reporting such that any gain or loss is reflected in the income statement. On the other hand, translation means the books are kept on the functional currency and transferred directly to the reporting currency without reflecting any gain or loss out of the exchange process. This can be reflected in the equity books away from financial books (Carmichael, Whittington & Graham, 2007). Â  5. Windbigler’s statement is incorrect when he says that the current exchange rate is defined as the exchange rate between functional currencies and reporting currencies at the balance sheet. In practice, the current exchange rate is defined as exchange rate at the balance sheet of the functional currency before the reporting currency. Alvarez statement is correct concerning monetary assets and liabilities (Georgiades, 2008). Â