International labour standards

The International Labor Office estimates (pdf) there are about 168 million child laborers, accounting for about one in 10 of the world’s children. Almost 200 million children are child laborers. One in ten kids is forced into situations where school isn’t prioritized…

The rapid globalisation of the economy and the expansion of international trade during the mid to late 20th century have played a pivotal role in today’s increase of multinational ‘sweatshop’ practices. In recent decades, the issue of ‘sweated labour’ has received a great deal of publicisation in industrialised nations. Thousands of anti-sweatshop activists have targeted multinational firms in the textiles, footwear and apparel (TFA) sectors, and campaigned in protest of the exploitation of…

equal labour laws of the manufacturers. However, none of these are actually applied to the people in factories who make these products. Due to the inhumane conditions that people in third world countries are forced to undergo, the inequitable profits acquired by companies, and the misleading marketing and advertisements for such products, companies endorsing sweatshops should not be sanctioned. Workers are given very little rest time and are expected to work long shifts with hard labour. On…

Utilitarianism vs. Kantianism: Child Labor in the Entertainment Industry A prevailing, yet controversial, social practice that has been occurring for hundreds of years is child labor. The thought of child labor provokes a myriad of images, ranging from children working in arduous conditions in factories to children harvesting produce from their family farm in the rural countryside. To truly define child labor in one sentence would be blanketing the built-in tensions and complexities that the…

Q-1 IHRM challenges face by Padi Cepat? Managing human resource functions such as “recruitment, selection, development, and compensation of employees effectively and integrating those activities to achieve global advantage in an international setting is as a challenge to the management of the multinational firms.” (Snell, Bohlander & Vohra, 2010, p.506) When an organization going to opened office in another country, the top management are responsible to hire employee to host…

865 October 14th, 2014 IFRS Impact on AIS As more companies are going global, the need for an internationally comparable and understandable financial reporting system increased exponentially. IFRS becomes the most acceptable financial reporting standards worldwide. The trend of converging with IFRS has been driven by the demand of global investors, because a single set of financial reporting system will facilitate their decision-making process in the global context. In 2002, all European…

allowances even if the sales result in short positions. The intangible asset method does not recognize third party buyers of emission allowances. The cash flow classifies the inflow and outflow as investment. The Statement of Financial Accounting Standards defines emission allowances as Goodwill and Intangible Assets. This is because they do not meet the definition of financial asset, although, they lack in physical substance. Emission allowances are considered an asset because they are…

team to prepare a fair consolidated financial statement. According to the International Financial Reporting Standards, it is important that the consolidated financial statement of a company must disclose all information concerning the business. Auditors responsibility An auditor is responsible for auditing the consolidated financial statement in accordance to the Canadian generally accepted auditing standards. These standards are established to ensure that the consolidated financial…

Imagine a world without accounting. Would businesses still be able to operate and function? How would they know if they know what Would businesses still exist. Accounting information is a fundamental part of accounting it allows businesses to know where they financially stand. Accounting is a system that was specifically constructed and developed to record data, the field of accounting has developed over the years and is a key part of keeping society in order; it is a vital tool. The objective…

The accounting standards that Sears should use for decision making are the Generally Accepted Accounting Principles (GAAP). According to GAAP, accounts receivable must be reported on the balance sheet at net realizable value. This means the item should be listed at the amount…