New Jim Crow Annotated Bibliography Example | Topics and Well Written Essays - 750 words

New Jim Crow - Annotated Bibliography Example This source supports the fact that new Jim Crow is prevalent in our society even though not readily accepted by the community. This book assists the reader to understand that racism has taken a new form from the previous practices. This article critically examines the height of racism and how racial biasness has taken a new course through criminal justice. It talks about the challenges faced by the blacks because of their skin color and socioeconomic class they are purported to belong to. It goes further to discuss the role of race and class in criminal justice and points out why belonging to the second-class results to unequal justice with the whites. This article supports the argument that new Jim Crow has taken root in our society through mass incarceration, whereby it states how blacks’ imprisonment is seven times that of whites (Cole 22). This argument is supported by the findings in this publication that found why for every one black graduate from college, 100 have been arrested. It also tends to support the argument that racism still exists in many forms. It points out how crime has been used to victimize the minority. This book highlights and genuinely talks about the flawed Justice System in US. It critically questions the trust of American criminal justice system that for a very long time has been praised by many for being fair and equal to all. This book argues that racial biasness is present although it has been disguised form the rest of the world by freedoms and rights stipulated by the constitution. It shows the degree of unequal treatment by the justice system and links the police to enhancing this biased treatment of the blacks. This book explains how 70% of drivers stopped in Maryland and searched were blacks and how they only constitute to only 17.5% of the overall drivers (LCCR & LCEF 3). This book seems to concur with the argument that new Jim Crow is prevalent in the modern US society, by pointing how

How Impairment Testing and Off-Balance Sheet Liabilities Affect the Essay

How Impairment Testing and Off-Balance Sheet Liabilities Affect the Reliability of Financial Statements - Essay Example When an instrument is not traded in an active market there is great uncertainty about the ultimate amount that can be realized from the instrument in a transaction between knowledgeable willing parties in an arms length transaction (Eipstein and Jermacowicz 2007). In July 2002, the European Union issued a regulation requiring all EU-listed companies to prepare their year-end accounting standards in compliance with IFRS as from December 31st 2005. Following the recent wave of accounting scandals at Enron, Tyco International and WorldCom, as well as the greater concern for off-balance sheet liabilities, the IFRS has issued a number of standards (IAS 32 Financial Instruments Disclosure and Presentation, IAS 39 , IFRS 7 Financial Instruments Disclosures, and IAS 17 Leases) to help reduce bright lines that enable companies to use off-balance sheet financing. In this paper the developments in respect of convergence between national and international accounting standards since 1st January 2005 to present day will be discussed. The impact that off-balance sheet financing and impairment testing may have upon the reliability of financial statements will also be discussed. In the light of all these, the next section argues in respect to the theme of thi s paper. 1.1.1 How impairment testing and off balance sheet Liabilities affect the Reliability of Financial Statements IAS 36 requires companies to test assets for impairment. Basically, the standard requires that tangible assets should be tested for impairment when there is an indication that an asset might be impaired. (Epstein and Jermacowicz, 2007). However, intangible assets having an indefinite useful life must be tested annually for impairment. The impairment test is required to be applied to a cash generating unit, that is, the smallest group of assets for which the entity has identifiable cash flows. During an impairment test, the carrying amount of an asset or group of assets in the cash generating unit is compared with the fair value or value in use (value in use is calculated as the present value of the cash flows expected to be generated from using the asset). The higher of value in use and fair value is taken and compared with the carrying amount and an impairment loss is recognized if the carrying amount is higher than the higher of fair value and value in use. (Epstein and Jermacowiz, 2007). IAS 36 also requires a company to determine at each reporting date whether there are conditions that would indicate that impairment may have occurred and further provides a set of indicators of potential impairment some of which include (Epstein and Jermacowiz, 2007: p. 247): Market value declines for specific assets or cash generating u