A House on Fire Essay Sample

Soon I was at the topographic point. Already a big crowd of people had gathered near a large edifice which was on fire. Fires were lifting high. Peoples were running approximately confused. The calls of kids got assorted with the scream of adult females. It was truly a heart-rending scene. Soon the intelligence spread. Some male child lookouts arrived at the scene. They at one time set to work. They brought buckets of H2O from the pat nearby and threw it on the fires. Some of them brought bags of sand. I. excessively joined in the work. Person rang the fire brigade. Soon it came down the street. doing a loud noise. The sound of its bell pealing tardily at dark served as an dismay to the people of the vicinity. They all rushed to the topographic point. Many came at that place to function the panic afflicted inmates of the house. The brass-helmeted work forces of the fire brigade at one time started their work. They took out their hose pipes and directed H2O towards the fires. It was after an. hour’s difficult labor that the fire began to decease out: At last it was extinguished. The edifice now presented a ghastly visual aspect. It was all charred and in ruins. The valuable furniture and dearly-won points of the house lay scattered on the route. The lookouts formed a cordon round the things and did non allow anyone come near them. The proprietor of the house was all but a destroyed adult male. He looked really sad. His married woman. an old lady. was crying bitterly. The kids. excessively. were terror stricken. They barely knew what catastrophe had overtaken the household. The fire brigade went back. The crowd besides melted off. Soon the topographic point was every bit deserted as earlier. No one knew the cause of the fire. It was rumoured that it was all the consequence of smoke. It was estimated that belongings worth one hundred thousand had been destroyed in the fire. Fortunately there was no loss of life. I. excessively. went back place. It was past midnight. I was tired out but happy that I had been of some aid.

Couse work Coursework Example | Topics and Well Written Essays - 1750 words

Couse work - Coursework Example From this point, the accounting institutions embarked on seeking an alternative to different accounting principles they had already developed, by generating alternative procedures, which were superior to the others. This move was sparked by the desire for good accounts for the companies that were growing during this period, and the higher desire for uniformity in accounting procedures (Baxter, 1979 n.p.). This move was emulated by the Institute of Chartered Accountants in England and Wales immediately after the end of World War II, and eventually many other countries followed. Although it did not initially start as a mandatory move, there was a high recommendation for companies to apply the generated standardized accounting procedures, without seeking the consent of such companies. The accounting bodies majorly depended on the loyalty of the members, to comply with the standards, since there was little they could do to enforce these standards to the companies and other bodies that we re not willing to adhere to them (Baxter, 1979 n.p.). ... Thus, in Baxter’s view, accounting standards entail; accountants showing what they are doing, enhancing the uniformity of accounts presentation layout, providing the basis of accounting for some economic phenomena and making essential disclosures (Baxter, 1979 n.p.). Task B: The extent to which Baxter’s views have influenced the development of a conceptual framework for accounting In Baxter’s view, there are four major factors that form the subject matter of accounting standards. First, the accountant must be able to inform others what he/she is doing, to the stakeholders who may not possess the accounting knowledge, through the published reports, which clearly indicates the policies and procedures followed to arrive at the final financial statements (Baxter, 1979 n.p.). Secondly, the accounting standards enhances the standardization and creation of a uniformity in the layout and presentation of accounts, making it possible to compare the account information of o ne institution to that of the other, while also enabling the evaluation of the accounts for the basis of taxation. With a uniform layout of institutional accounts, it is possible to determine the revenues and the expenditures incurred by the institutions, while understanding the accounting and taxation policies applicable. Thirdly, Baxter presents a view that another subject matter of accounting standards is disclosure (Baxter, 1979 n.p.). This, according to him, entails the revelation into particular details of certain accounting aspects, where the reader of the final results is expected to make their own judgments. One such component that calls for disclosure is depreciation, which is an element that seeks the percentage change in value of an asset over time, in terms of the diminishing asset