The Generation Of Violence Video Games - 1757 Words

The Generation of Violence In today’s society, violence increases in the behavior of children growing into young adults more than it has in the past. Aggressiveness overwhelms the parents of those who once had innocent babies. Patterns of disrespectful social conduct is witnessed across the world. What influences this behavior in children? What can cause the negativity in a household of what used to be a loving family? Video games. One of the most popular activities for children, teens and young adults to pursue in their spare time. Hours spent staring at a television set manually making decisions towards unknown characters and objects can testify as one of the reasons behind violence growing in fans of particular video games. In today’s world, most videogames are required to have an age restriction for who is and who is not allowed to play them. Common ratings consist of E for everyone, T for teen, and A for adult. These titles are placed on all video games to be visible to purchasers. How do stores and video game producers keep track of which individuals are purchasing these games and if they meet the age description? Simply, they do not. This allows an open window for all ages to purchase any game, no matter the rating. Some households often discourage their children to purchase unnecessary games, when others take action and stand their ground when coming to the labeled ratings. Video games started off as being a hobby for individuals or a group of people forShow MoreRelatedEssay on Video Game Violence and Its Effects on Children1215 Words   |  5 PagesVideo Game Violence and Its Effects on Children As we enter the 21st Century, video games are becoming more popular each and everyday. People of all ages can and do enjoy video games as a way to spend there free-time. These games allow the player to live in the game whether its about sports or a role playing game. The problem with the video games in the market is that they are becoming too violent in some peoples minds. Also, many of these violent video games are being advertised and directedRead MoreExposure to Violence and Videogames844 Words   |  3 Pagesraised in a generation where violence is idolized in video games and in the media. Although parents monitor and guide their children, â€Å"[the] media is everywhere. TV, Internet, computer and video games all vie for our childrens attention]† and often times are the sole free-time activity (American Academy of Pediatrics). As media monopolizes the adolescent generation, society has begun to look at the effects it may have especially material that promotes violence. A lthough much of this violence is fictionalRead More Video Game Violence Essay1270 Words   |  6 PagesVideo Game Violence Video game violence has been a long going controversy. Video games have not been around all that long, â€Å"first introduced in the 1970s† (Cesarone, Feb. ‘95), and started out as being centered towards the Children. Well anybody that has grown up with games are now older and more mature and demand more from their gaming experience, and so the creation of new types and styles of games have evolved to suit them. I have grown up with games, and am at the age where ‘kids games’Read MoreVideo Games And Violent Violence1345 Words   |  6 Pageseven specially made devices for babies and children. Video games are interwoven with our daily lives. For many, it is just an innocent way to relax or enjoy themselves. For others, it has become an addiction in which they cannot escape. Not all video games are violent, but what about those that are? Does society have an obligation to monitor every type of video game children and adults play simply because they believe it may lead to acts of violence? Psychologists, Sociologists, Anthropologist, SchoolsRead MoreVideo Games Do Not Cause Violent Behavior855 Words   |  4 PagesVideo games do not cause violent behavior The advancement of technology in the contemporary word has increased the use of video games by children, teenagers and young adults. The video games have existed for almost three decades and the controversy of their causing violent behavior spans the same period (Porter and Starcevic,422). The release of Death Race game in 1970s initiated a debate with organizations, governments officials and other institution taking sides in the argument of whether violentRead MoreVideo Games : Can It Cause Violence?1379 Words   |  6 PagesVictor Chau Professor Myers ENGL-1301 Video Games: Can it cause violence? Any action against violent video games should be met with more research and that any banning of violent video games should come under more significant scrutiny. For sometime, many people consider violent video games to be the cause of violent behavior in the younger generations. However there are also people who would refute such claims that violent video games are the causes of tragedies , and would point to another reasonRead MoreViolent Video Games in the Twenty-First Century: The Truth Essay1649 Words   |  7 Pageswould come to see a cause for teen violence where there was none. Fear, in this case, would result in one of the many half-truths that are still heavily debated to this day. Although this half-truth regards video games resulting in teenage violence, the effects of video games on children and teenagers do not generally result in future adolescent violence problems. The relation between teenage violence and violent video games covers an immense area for argument. A video game’s content is what makes itRead MoreGigabytes and Grades: Some Effects of Technology on Childhood Development and Learning755 Words   |  3 Pagesto have on the younger generations? Are these kids going to become the most efficient multi-taskers to be seen, or is this boom in technological advance, and the societal pressure to be adept at even the newest technologies going to create a generation of youth who do not know how to get through the day without constant internet feeds and the connectedness to the entirety of the technological world? The effects of this increase in technological use by the younger generations of today’s society mustRead MoreVideo Games And Its Effect On Society1298 Words   |  6 PagesIntroduction During the advent of video games, the world was taken by storm, as this new type of entertainment caught the attention and imagination of the populace; but as this attention grew, concern and scrutiny weren’t far behind. Controversy finally got its chance in the 1990s, when games finally upgraded to 16-bit, giving them the ability to depict realistic blood and gore in games like Moral Kombat; which was criticized for excessive violence, a reason Congress used to create the EntertainmentRead MoreThe Effects of Video Games on Children1288 Words   |  6 PagesEffects of Video Games on Children Technology today has progressed rapidly from generation to generation. Children and young adults are both into video games and the latest gadgets out there. Video games have been available to customers for the last 30 years. They are a unique way to entertain individuals because they encourage players to become a part of the games script. Victor Strasburger an author of â€Å"Children, Adolescents, and the media† stated â€Å"The rising popularity of video games has instigated

The Novel 1984 By George Orwell - 1013 Words

The novel 1984 by George Orwell exemplifies the issues of a government with overwhelming control of the people. Throughout the text there are realistic qualities that exemplify an extreme regulatory government and its effects. This government controls the reality of all of their citizens by rewriting the past, instilling fear, hindering their freedom, and through manipulation. This society is overwhelmingly consumed with the constructed reality that was taught to them by Big Brother. The author George Orwell brings significant aspects to the novel like the complexity of relationships during a rebellion and The Party’s obsession with power. The main character Winston struggles throughout the story trying to stay human through literature, self-expression, and his individuality. The party uses human’s tendencies and weaknesses in order to dehumanize their citizens to gain control over them. Furthermore, the relationship between Julie and Winston show how the tendencies of human habit can create a way to fuel obscured emotions. Julie and Winston have seemingly never talked, but begin to have an affair. This relationship is completely rebelling against the government and their laws. They both acquire a thrill from rebelling against the government that they both loathe. Julie claims that she is in love with Winston when handing him a secret note that says â€Å"I love you†. They begin to engage in a relationship that is for the minor amount of freedom they are receiving not becauseShow MoreRelatedThe Novel 1984 By George Orwell1332 Words   |  6 PagesOF INHUMANITY. WHAT CORE ELEMENTS OF HUMANITY THAT NOVEL EXPLORES? George Orwell’s novel ‘1984’ shows the crucial need for love, independence, hope and freedom in the midst of inhumanity. Bob Dylan once said â€Å"No one is free, even the birds are chained to the sky (Dylan, n.d)†. In ‘1984’ Winston attempts to remain human whilst everyone he knows is doing otherwise. That is until he meets Julia, a young woman who surfaces desire and hope in him. Orwell shows the core elements of humanity such as independenceRead MoreThe Novel 1984 By George Orwell954 Words   |  4 PagesThe novel â€Å"1984† by George Orwell exemplifies the issues of a government with overwhelming control of the people. This government controls the reality of all of their citizens by rewriting the past, instilling fear, and through manipulation. This is an astounding story because of the realistic qualities that are present throughout the text about an extreme regulatory government and its effects. This society is overwhelming con sumed with the constructed reality that was taught to them by Big BrotherRead MoreThe Novel, 1984, By George Orwell923 Words   |  4 PagesGeorge Orwell, known for his dystopian novels, wrote his most famous book, 1984, in the 1940s. Almost 60 years later in 1999 the Wachowski brothers wrote and directed one of the greatest film trilogies of all time, The Matrix. Both the novel and the movies depicted post apocalyptic dystopian worlds under some form of an oppressive government. Oppression, control, and sexuality are some of the prominent themes throughout the storylines. While some may argue that the novel 1984 did not inspireRead MoreThe Novel 1984 by George Orwell554 Words   |  2 PagesThough written sixty-five years ago, 1984 by George Orwell was chosen by TIME magazine as one of the 100 best English-language novels from 1923 to 2005. Orwell’s depiction of a futuristic dystopian society makes the novel prophetic and thought provoking. We will divulge into: Orwel l’s background; Winston Smith, the novel’s protagonist, and the origin of his name; the structural conventions in the novel; Orwell’s use of important characters that’s never-seen; the story’s turning points, the mentorRead MoreOrwell s Novel, 1984, By George Orwell1235 Words   |  5 Pagesduring their time. During the peak of George Orwell’s career was when Communism was at an all-time high. Hence, he was warning the world of what terrors came with the control of a totalitarian country. In George Orwell’s novel 1984, the main character Winston fights to protect his life and preserve the real meaning of being human by rebelling against the government, all while Orwell warns the reader of what a totalitarian government can do to humanity. Orwell significantly gets his point across andRead MoreThe Novel 1984 by George Orwell Essay944 Words   |  4 Pages 1984, Orwell’s last and perhaps greatest work, deals with drastically heavy themes that still terrify his audience after 65 years. George Orwell’s story exemplifies excessive power, repression, surveillance, and manipulation in his strange, troubling dystopia full of alarming secrets that point the finger at totalitarian governments and mankind as a whole. What is even more disquieting is that 1984, previously considered science fiction, has in so many ways become a recognizable reality. OrwellRead MoreAnalysis Of The Novel 1984 By George Orwell1782 Words   |  8 PagesIn the novel 1984, by George Orwell, the government of Oceania is able to have supreme control over its population. The citizens of Oceania live in angst of the â€Å"Big Brother.† This instills a great amount of fear in the citizens who believe they must fulfill the government s expectations. The government not only invaded the person privacy of the Oceanic citizens, but they took away their basic human rights. By stiripping its citizens of their rights, like freedom of speech, The Party is able toRead MoreAnalysis Of The Novel 1984 By George Orwell951 Words   |  4 PagesThe novel, 1984, composed by George Orwell, presents a frightening picture, where one government has complete control of the general population. The story takes place in London, England. The government that is made in the novel is controlled by Big Brother. In 1984, the protagonist, Winston, really despises the total itarian government, that tries to control all aspects of his life. So many freedoms that we all need to live a happy and healthy life are being stripped away from the citizens of OceaniaRead MoreAnalysis Of The Novel 1984 By George Orwell1289 Words   |  6 PagesThe novel â€Å"1984† by George Orwell explores the meaning of humanity and the tactics that a totalitarian government may use to strip humanity from the people in order to maintain power. The main character Winston strives to preserve his humanity throughout the novel in his ability to think freely. The government tries to control its constituent’s thoughts, through tactics of propaganda, regulation, telescreen monitors, the thought police, and five ministries. These tactics are to control the constituentRead MoreAnalysis Of The Novel 1984 By George Orwell1602 Words   |  7 Pagesupside-down society that is Nazi-Germany? While no other time period comes close, the novel we have been reading in class de als vigorously with dystopian society. 1984, by George Orwell, is a dystopian, fiction-based book that features a main character named Winston Smith, a girl named Julia, and many others who come together to make for a very intense storyline and an intriguing read. It takes place in Oceania, in 1984, while it was written in 1948. With a sense of science fiction, it’s set in near-future

Will Moller Analysis Free Essays

A Rhetorical Analysis of Will Moller’s â€Å"Those Who Live in Glass Houses† Cheating, in all forms, is considered deceitful and wrong. However, people still do it hoping the end result is an A on an exam or a better performance, in an athlete’s case. Cheating in itself is like an addiction and follows a domino effect. We will write a custom essay sample on Will Moller Analysis or any similar topic only for you Order Now Once one athlete decides to use steroids, others follow in their footsteps hoping to perform at a higher level. There have always been several athletes who choose to cheat for their own benefit and personal glory. As a result, those athletes are looked down upon for cheating the game and the fans. Nonetheless, people fail to understand the outside factors that influence great athletes such as Barry Bonds and Ben Johnson to use performance enhancing drugs. In his May 5, 2009 article â€Å"Those Who Live in Glass Houses† Will Moller, blog writer for The Yankees $, argues that that performance-enhancing drugs should be permissible because the majority of good professional baseball players are forced to take steroids and such, as a result of baseball fans placing players on a pedestal to perform beyond their capacity. Moller makes a good point that fans have some responsibility for athletes cheating because of the pressure fans place on them to perform at an enormously high level; however, there are other responsible parties as well, including coaches, players, and the NCAA drug policy system as a whole. One of the primary reasons for athletes using performance-enhancing drugs is because of the fans animalistic desire for great entertainment. This actually causes athletes to want to perform at the highest level possible and stand out as great icons to the fans. To support his implication, Moller uses the pathos appeal, as he presents an analogy, of his personal experience as a student who was forced to use Ritalin because he struggled with the rigorous and competitive academic work assigned to him. Moller’s reaction to his choice was that he â€Å"did what [he] felt [he] needed to do, to accomplish the goal that was demanded† from him, despite understanding the â€Å"serious side effects, magnifying [his] senses in a very negative way. Nonetheless, academic success outweighed the bad side effects. Similarly, college and professional athletes are placed on a pedestal that urges them to accomplish success, win championships, and set unbreakable records. He also appeals to reasoning by recognizing that athletes should not be severely misjudged as cheaters for using performance enhancing drug use because they wish to perform better for their fans. There are other outside factors that also pressure players to cheat. Coaches’ extreme pressure towards their players to perform at a high level indirectly encourages athletes to use steroids and develop more strength. Notre Dame coach Lou Holtz was believed to be a primary cause for his players using anabolic steroids during the late 1980’s and early 1990’s. Steve Huffman, a former linebacker, claimed coach Holtz â€Å"put [him] in this situation† because he once criticized the injured star during a team speech by stating that Huffman â€Å"let everybody in this room down if [he] quit. † In addition, Holtz threatened to rescind Huffman’s scholarship and showed no remorse or care for Huffman and the rest of the players during the losing season. Coaches who exert a strong mental toughness are perceived as good leaders who may lead their team to overall success. However, fans and the media do not recognize that tough love can have a burden on players, physically and emotionally. A coach, who constantly scolds players instead of guiding them, is tortuously leading players to use performance-enhancing drugs in hope of easing the burden and accomplishing what everyone around them selfishly wants. Coach Holtz practiced such coaching methods and as a result, school officials admitted that during the 1986 season five players tested positive for anabolic steroid use. Aside from coaches, the weak NCAA drug policy system also influences players to cheat. The use of performance-enhancing drugs is undeniably much more prevalent than it is generally acknowledged to be because of the weak policy regulations. Welch Suggs, an American collegiate sportswriter for The Chronicle of Higher Education, claims steroid use is rampant among college-level players. A senate panel spoke to a former college football athlete, who choose to remain anonymous, claimed that despite gaining twenty pounds and dropping his 40-yard dash time to 4. 5 seconds, his coaches urged him and many other players to gain even more weight and become stronger. People may be asking themselves how players are able to avoid the NCAA random drug policy tests. The former college football star argues that â€Å"the policy is weak, however, and fairly predictable, with the drug tests falling in roughly the same period of time every year† (Suggs). The weak enforcement gives athletes a greater motivation to begin using performance-enhancing drugs. Don Catlin, a professor of molecular and medical pharmacology at UCLA, oversees and examines drug testing for the NCAA and believes it is not â€Å"aggressive enough, but that’s society and the mind-set. The dollars just aren’t there† (Suggs). Fans, coaches, the NCAA, and society as a whole are responsible for encouraging cheating and drug use. People are not taking the matter seriously and as a result, steroids and other drugs are easily available for athletes to purchase online, in the streets, or maybe even from their coaches. In fact, Charles Grassley, the former Iowa Republican chairman of the caucus, showed the NCAA senate panel online auctions on eBay for Winstrol and Dianabol, which are commonly prescribed steroids. Ultimately, the fact that drug testing policies are so weak is practically asking players to use performance-enhancing drugs and cheat the game. Fans, coaches, and the weak NCAA drug policy may influence players to use steroids, but the ultimate decision is left to the athlete. Just as everyone is responsible for their choices, players must decide whether they wish to cheat, just as Moller had. The option to cheat in academics or sports is easily available, despite most people not realizing it. In a March 1st, 2010 blog in Sports Illustrated, â€Å"Cheating and CHEATING† writer Joe Posnanski argues that the beautiful game of baseball and other sports has always existed, despite people claiming that it has not or that baseball has become corrupt due to steroid and amphetamine use. He begins by introducing author Pete Hamill, a novelist, who believes that the game of baseball was at its finest, prior to performance enhancing drug use. To develop his argument, Posnanski concedes to the opposition first by praising Pete Hamill’s romantic novels and later criticizes Hamill’s willful self-deception by naively believing that drug use is not common in America and American baseball, as a means of cheating. Posnanski understand that baseball like all other sports â€Å"was never innocent, that America was never innocent, that innocence itself was never innocent† (Posnanski). Posnanski concedes first to show his respect by demonstrating his own character. In doing this, he is able to highlight the significant accomplishments in baseball history that have occurred due to amphetamine usage. In addition, Posnanski claims that steroids are much more readily available today than in the past. But cheating has always existed, in all forms. The fans, the coaches, and the NCAA itself are all responsible for willful self-deception as well, for having influenced players to begin using performance-enhancing drugs but believing steroid use is not rampant in college-level and professional sports. Fans are not entirely responsible for athletes cheating in college-level and professional sports. However they are one of many factors that contribute to players using performance-enhancing drugs. Athletes, fans, coaches, and the weak NCAA dug policy and enforcement may all determine an athlete’s choice to cheat; however, the players themselves must be accountable for their choices. Illicit drug use has negative side effects that can be harmful to athletes. But the desire to perform at a high level, break scoring records, win games, and championships is an always tempting just as it is to get an A on an exam. Works Cited Huffman, Steve. â€Å"I Deserve My Turn. † Sports Illustrated. Time Inc. , 27 Aug. 1990. Web. 14 Nov. 2012 Moller, Will. â€Å"Those Who Live in Glass Houses. † The Yankees $. N. p. , 5 May, 2009. Web. 14 Nov. 2012 Posnanski, Joe. â€Å"Cheating and CHEATING. † Sports Illustrated. Time Inc. , 1 Mar. 2010. Web. 14 Nov. 2012 Suggs, Welch. â€Å"Steroids Are Rampant Among College Athletes, a Senate Panel Is Told. † The Chronicle of Higher Education. 50. 46 (2004): A33. ProQuest. Web. 14 Nov. 2012 How to cite Will Moller Analysis, Essay examples

Advanced Financial Accounting Tower Insurance

Question: Discuss about the Advanced Financial Accounting for Tower Insurance. Answer: Introduction Tower Insurance is a New Zealand based insurance company established in 1869 and headquartered in Auckland. This bank is listed in the New Zealand Stock Exchange and has performed well financially since its inception. This company trades as TWR ticker symbol in the stock exchange. This company provides insurance in case of fire accidents and general insurance (Annual Report, 2016). This company is slowly diversifying from the core functioning areas to other forms of insurance products. Richard Harding is the chief executive officer of this group. This report focuses on the NZ IFRS 7, 9 AND 32 and the areas where the company has used the following accounting principles. These are the important accounting standards that the company needs to consider in preparing the financial statements (Tower.co.nz. 2016). Financial Reporting Standards The NZ IFRS 7 states the different disclosure policies regarding the financial positions and the financial performance of the companies. This disclosure deals with exclusively financial instruments and the scope and objectives of those instruments. Other disclosures in the above mentioned Schedule includes the transfers of the financial assets, accounting policies and the items of the expenses, loss, profits and gains. Another most important part of this reporting is the Quantitative as well as the quantitative disclosures. The disclosures deals with the market risk, liquidity risk, credit risk, collaterals and impaired financial assets. Moreover, this reporting standard focuses on the fair value of the disclosures and the users can have a fair share of understanding about the functioning of the business (Treasury.govt.nz, 2016). NZ IFRS 9 deals with the amendments made to the Financial Instruments and this is a newly added section in year 2013. The basic requirements of this section merge with the hedge accounting standards and the handling of the risk management techniques. This will help the users of the report to get true and fair information that can be relied. The prime objectives of the accounting standards are also to reflect the true and fair value and with the advent of this section, the objectives have become all the more achievable. The specific accounting for macro hedging and open portfolios is not considered by this accounting reporting section. The business entity with the initial recognition designates the financial liability determined at a fair value (Treasury.govt.nz, 2016). A business entity has the liberty to initially recognize and then calculate the value of the financial assets either at amortized cost or at fair value. If required the company can apply the hedge accounting requirements in case of the hedge accounting requirements for the hedged financial assets. The liabilities of the company will be measured in accordance with the paragraphs 4.2.1. The recognizition of the gains or the losses will be made at the fair value unless there is a hedging relationship with the assets or a financial liability represents the credit risk of the company. The loss or the gains of the financial assets if measured at amortized costs are not the part of the hedging instruments. Moreover, different hedging instruments are elaborated in these financial standards, which include derivatives as well as non-derivative instruments. The gains or loss that is made by the instruments unless and until there is a credit risk connection with the given financial instruments ( Treasury.govt.nz, 2016). NZ IFRS 32 establishes relationships with the principle of presenting the financial instruments as liabilities or as equity and the reasons for offsetting those financial liabilities or the assets. The classification of the financial instruments is made from the perspective of the prospective issuers as equity instruments, financial liabilities and the financial assets. Moreover, they are further classified as dividends, gains, losses, and the circumstances, which lead to the offsetting of the related financial liabilities and the assets. Measurement of the financial liabilities and the financial assets are basic principle of these accounting standards. The joint ventures or the associates and subsidiaries companies mostly prefer this technique. Insurance contracts are mentioned in these standards and they focus on the derivative part of the instruments. On the other hand, there are definitions of financial terms are explained in this accounting section, like the financial assets, fi nancial liability, equity and liabilities, puttable instruments are given in this sections (Treasury.govt.nz, 2016). Moreover, apart from the given above, there are different settlement options, treasury shares, interest dividends, gains and losses are given. The classification of the dividends, interests or the gains and losses are simply classified as either expense or profit. Classification depends upon the way the financial instruments are divided and accordingly the expenses and losses are segregated. For instance, the interest on bonds, payments of dividends is classified as expenses and on the other hand, the changes in the value of the equity are not presented in the financial statements. On the other hand, the financial liabilities and the financial assets are to be offset only when the company has legal obligations to do the same and intends to settle the financial instruments on a net basis. Settlement of the liabilities and the assets are very much subjective and it is at the discretion of the management of the company. The company should always try to represent the true and fair value and look for the greater interests of the stakeholders. Use of the financial reporting by the Tower Insurance Tower Insurance Group follows the particular Accounting standards religiously and disclosures are given according to the standards mentioned in the IFRS 7. The income statements of the company reveals the profit figures for the current year, consolidated balance assets sheet reveals the figures of the liabilities and the assets of the company in the current figure. This data is helpful to the different users like the creditors, suppliers, shareholders and other related parties. Cash flows is an important consideration in this particular accounting standard and this company has showed a declining trend in the cash figures of the company. Declining in the cash figures is not a bad trend that the company has, due to the rise in the investment activities. This company has increased spending in the investment activities, which focuses on the long-term vision of the company. It will take time to recover the investments from the market, but still the vision of the company is clear and the o bjectives well identified ( Annual Report, 2016). On the other hand, as this company operates in the insurance sector they do not apply the hedge fund accounting in the daily running of the business. Only the registered hedge funds will be able to apply the hedge fund accounting in preparing the financial reports. There are different hedging instruments used by the company like derivatives as well different non-derivative instruments. It qualifies for the use of different hedge instruments and prepares the hedge accounting accordingly. Moreover, this company has summarized the accounting policies like the investments contracts, life insurance contracts, securitization vehicles, investments in different financial assets. The disclosures also provide the details of the impairment of the assets, the intangible assets and the different sort of taxes like the income tax, goods and service tax, provisions and debt figures for the current accounting periods. On the basis of the above discussions it can be concluded that the company follows the NZ IFRS 9 guidelines to the extent it is possible for the company to follow. This company from 2014 onwards has replaced the IFRS 39, with IFRS 9 and this company classifies the financial instruments in two parts and is initially recognized. The credit risk of the entity is recorded in other comprehensive income section rather than income statement. The company makes the impairment of the financial assets and the company does it since 2014. On the other hand, the new model has a credit loss model for determining the impairment of the financial assets. All the activities are coordinated with the regulatory advices and the company is following all the requirements of the relevant sections (Annual Report, 2016). NZ IFRS 32 is important for the joint ventures, subsidiaries of the companies. It is not very much applicable for the insurance sectors. On investigating the Annual Report of the company, it is difficult to determine the exact reasons of the offsetting of the liabilities and the assets of the company. The offsetting is made whether for the legal obligations or for any other reasons is not clear. There may be many other reasons for the offsetting of such instruments. On the other hand, consolidations part of the Annual Report highlights on the different financial terms is explained in the financial report of the company. Use of Alternative Accounting Standards Alternative accounting standards that the company could have applied is Generally Accepted Accounting Standards (GAAP). The company can follow a global accounting standard, as this standard has many advantages over the NZ IFRS standard. This standard gives priority to the investors and is comparable among the different companies using the same accounting policy. This helps in providing the consistency and the transparency among the users. It brings about a consistency and a transparency among the users of this standard. For the above-mentioned reasons, it will be beneficial for the company to use this particular method instead of the NZ IFRS. Use of different accounting standards will help the company in suiting the different needs of the company and at the same time the company will able to change the patterns of the recording the financial transactions. By using different standards there will be lot of changes in the recording pattern of the company. The changes will help them to record lower revenue or lower gains or vice versa and meet the requirements of the company. The company may have the intentions of lowering profits or lowering gains as per the requirements. The changes will help them to meet the required goals and satisfy the needs of different stakeholders at the same time. Ethical Issues by the use of Accounting Standards The ethical issues that are found in the reporting standards is the increase of the profit that are observed while using the above reporting standards. On the contrary, the use of the different accounting standards like GAAP would have maintained a rational amount of expenses and the profit would have represented a true and fair value. This is an important part of the ethical issues in the business. The information that will be available to the users will be informative to investors and other users and they can take proper decision-making techniques. Usefulness of the information to the users The information will be very much useful to the users of the accounting reports as based on these different decisions which are of serious nature are taken by the users. Different users of the financial information include the suppliers, creditors, investors and the employees. It is important to deliver true and fair reporting. The stakeholders and prospective investors will make out the performance of the companies and the image of the company depends upon the information revealed by the company. On the basis of the above points it can be concluded that the information given are of prime importance to the users and the company should always strive to give the proper information to them (Treasury.govt.nz., 2016) Conclusion On analyzing the above report, it can be concluded that Tower group operates in the insurance sector and they follows the NZ IFRS 7, 9 and 32. On the other hand, it is noticed they are not able to follow the IFRS 32 in a proper manner. The reason for such lack of diligence is cited as improper Accounting standards. The IFRS 32 is meant for subsidiary companies and joint ventures. The alternative accounting standard that is recommended to the company is the use of GAAP. This accounting standard is applicable on a global scale and it focuses on the investors and is found to be very much useful to the company. The importance of the information to the users are also given in the report and the company must try to provide the fair and true information to the users. Reference Tower Insurance | New Zealand | Be confident. (2016). Tower.co.nz. Retrieved 28 May 2016, from https://www.tower.co.nz Home The Treasury - New Zealand. (2016). Treasury.govt.nz. Retrieved 28 May 2016, from https://www.treasury.govt.nz