Aging Out of the Foster Care System - 1281 Words

According to the U.S. Department of Health and Human Services, every year close to 25,000 youth age out of the foster care system and are faced with cold hard realities of adulthood. This does not include the youth who leave the system, which is estimated to be another 30,000. Most adolescents anticipate their eighteenth birthday, as it brings on a new found sense of independence and most importantly a time of celebration. However when foster children reach eighteen, they begin facing the challenges of transitioning to adulthood. These children disproportionately join the ranks of the homeless, incarcerated, and unemployed. These youth are unprepared for the independent life they are forced to take on. The average age that young adults who have never experienced foster care leave their family home for good is 24, and 40% return home again at least once afterwards (Margolin, 2008). With these facts being stated, we yet expect youth who has dealt with rejection after rejection to leave â€Å"home† of the state custody permanently and fin for themselves. These youth sometimes have fewer than $250 in cash, only one-third have drivers licenses, and fewer than one-quarter have the basic tools to set up a household, let alone the skills to know what to do with the tools (Krinsky, 2010). Youth exit care with no more than a garbage bag of their belongings, finding themselves alone at the age of eighteen, with little reason to celebrate what is supposed to be an exciting milestoneShow MoreRelatedChildren Aging Out Of The Foster Care System1615 Words   |  7 Pagesand left to survive in foster care for an undefined period of time. Think about lingering within the system for years and suddenly loosing any kind of aid at the age of eighteen. This is a reality for thousands of children in America’s foster care system. There are kids that are searching for a home and family -- and many of them never get one. These youths are all hoping and wishing for a permanent place to go back to. The number of children aging out of the foster care system annually is a seriousRead MoreEssay about Youth in Foster Care Populations At Risk1040 Words   |  5 Pageschosen was the youth aging-out of foster care. By calling it age-out I’m referring to it as occurring both before and after leaving foster care. Nationally, there are 20,000 youth in foster care who are at the aging out of foster care. Generally, these children has been abused or neglected. There are those who feel as if foster care can have some type of impact on this particular lifestyle for these youth adults aging out of this care. Some feel that there may be some foster care homes that may possiblyRead MoreChild Maltreatment And The Child Welfare System Essay1558 Words   |  7 PagesAbstract Foster care is defined as an out of home placement outside of the biological family. Individuals are placed in foster care due to some form of child maltreatment, rather it be sexual abuse, neglect, and/or physical abuse. Adolescents who age out of the foster care system are between the ages of eighteen and twenty-one years old who are still in the child welfare system and have not been adopted. Aging out of the foster care systems means that adolescents currently in the child welfareRead MoreEffects Of Being A Foster Child1155 Words   |  5 PagesEffects of Being a Foster Child 1 Effects of Being a Foster Child Ashleigh Martinez Arapahoe Community College â€Æ' Effects of Being a Foster Child 2 Abstract Foster care is designed to be a temporary living situation until a permanent home is available. Although there are positives of foster care, there can be negatives as well. It is important to be cognizant of both in order to prevent the potential harmful outcomes of foster care, and to make it a more beneficial experienceRead MoreFoster Care Act Essay812 Words   |  4 PagesHealth Insurance for Former Foster Youth Act (S.1797). This federal level proposed law is intended to secure access to health care for youth who have aged out of foster care and did not have health coverage. The law requires the state to ensure insurance continuity for foster youth who move to one of the 37 states that do not now permit Medicaid benefits to travel to that state and remove the eligibility restriction tied to residency in Medicaid coverage to youth who age out in another state. BeforeRead MoreLGBT Adoption Essay1559 Words   |  7 PagesLGBT Adoption â€Å" There are approximately 100,000 children and/ or adolescents who are in the Child Welfare System waiting to be put into foster care or be adopted† (Kreisher). The number of children living with 1 Lesbian, Gay, Bisexual, or Transgender (LGBT) parent today ranges from six to fourteen million children or adolescents. Adoption is to take into one’s family legally and raise as one’s own child. Although adoption is first spoken of in the Bible, the first recorded adoption takes placeRead MoreThe Aspects Of Teens And The Aging Out Process Essay926 Words   |  4 PagesIntroduction This literature review will cover the aspects of teens and the aging out process. When children in the system are provided with care. Over time they are usually adopted, or live in a foster home. Leaving the adolescence stage, and now transitioning to a teen it becomes somewhat more difficult to place the child. There are instances where the teen is not placed in a family. In a continuing cycle while in the child services system. Once the teen turns 18, they are considered an adult. No longer beingRead MoreA Link Between Foster Care Placement During Childhood And Adult Delinquency1348 Words   |  6 Pagesconducted in Sweden has shown a link between foster care placement during childhood and adult criminality. Two groups were identified, a control group and a treatment group. The control group consisted of individuals that were the same age and gender of the treatment group. The results showed that foster care predicts higher adult criminality for males first placed during adolesc ence (ages 13–18). No significant association for boys who were placed in foster care before age 13 and no significant associationRead MoreCounseling, Psychotherapy, And Psychoeducational Group Essay1461 Words   |  6 PagesPsychotherapy, or Psychoeducational Group In considering that a group on aging is centered on a particular theme, a psychoeducational group would be most appropriate. Corey (2010) suggests that the elderly may benefit from a psychoeducational structure as groups of this nature not only provide the opportunity to connect with members within the group, but teach members the skills they need to learn how to foster relationships and support systems beyond the group. Many older individuals, especially those withinRead MoreMental Health Is The Overall Psychological And The Emotional Well Being Of Any Individual1472 Words   |  6 Pagessomeone that can adjust to the emotional and behavioral requirements of stress and conflicts that are associated in daily living. According to Elizabeth Ahmann there is over â€Å"400,000 children are in foster care in the United States, and more than 100,000 of them are waiting to be adopted† (Ahmann p. 1). Foster home placement is associated with stress and disruptions in attachment rel ationships. These losses undermine a child’s attempt to form a secure attachment with a primary caregiver. John Bowlby

The Issue Of Same Sex Marriage - 925 Words

The issue of same-sex marriage is an extremely controversial topic within Ireland. The discussion reached its zenith on May 28th, 2015, when the predominately Roman Catholic Republic of Ireland became the first country in the world to legalize same-sex marriage by popular vote. Additionally, the issue divided the population of Ireland into two corners: those who were pro-family versus those who were pro-marriage. Pro-family citizens opposed the marriage equality referendum and the pro-marriage side supported it. A question the pro-family side was forced to consider in the aftermath of the referendum was, does this â€Å"victory† come at the cost of undercutting the integrity of the moral fabric of Irish society? Two articles reported on the implications of this monumental event on May 29th of this year. The first article is from Mass Resistance and has no stated author. The other article is written by Conor Payne on Socialist alternative’s website. Although both website s deal with the same event, with further analyzation, major similarities and differences in each site s credibility, purpose, and intended audience are revealed. As a first point, the similarities and differences in the credibility within each site must be evaluated. The core web addresses or URL’s of both Mass Resistance’s and Payne’s articles end in .org, which stands for an organization. Thus, both sites cannot be considered unbiased or neutral, because they are run by non-profit organizations. Consequently,Show MoreRelatedThe Issue Of Same Sex Marriage984 Words   |  4 Pages Homosexuality is hotly debated within the United States of America when it comes to the idea of same sex-marriage. Society cannot seem to agree about whether it should be made legal or not. The views on this topic have been shaped by religion, by the 1980’s AIDS period, and by so much more. Throughout the time homosexuals fought for their rights, had to go through life wondering if their friends would survive, to bring us to today’s reality where even social media gives every individual the opportunityRead MoreThe Issue Of Same S ex Marriage966 Words   |  4 Pagesstudies focusing on same-sex and heterosexual couples and the challenges they experience with bringing up children. The main focus of the articles is to draw on the conclusion on same-sex couples. When dealing with families of same sex marriages you must put into consideration how families are the same and different from traditional families. In today s society many of same-sex couples are confronted with social irregular characteristics which may cause many complex issues. The main point isRead MoreThe Issue Of Same Sex Marriage1376 Words   |  6 PagesLiberties/Civil Rights Issues November 19, 2014 I†¦My chosen topic is Gay Rights- more specifically marriage equality. Public opinion in the U.S. shows the majority support for the legal recognition of same-sex marriages. This issue is more likely to be supported by women and people under 50. My thesis is that marriage equality a civil right, rights we are born with as a citizen of the U.S. which the government cannot interfere with or suppress. (Lecture Notes 8/27). Over the past decade, marriage equality hasRead MoreThe Issue Of Same Sex Marriage Essay1677 Words   |  7 PagesEqual marriage has always been a contentious issue in society. The legalisation of same sex marriage in New Zealand in August 2013 via the Marriage (Definition of Marriage) Amendment Act has been a source of pride for those in some parts of our society and a source of horror for those in other parts. This issue split the country, and those in power, right down the middle, with some people taking sides that didn’t necessarily align with what w ould be expected of their political leanings. The issueRead MoreThe Issue With Same Sex Marriage1704 Words   |  7 PagesThe Issue with Same Sex Marriage has been debated for over a decade and we have seen conflicts of concerns regarding the rights of homosexuals. Do they have the right to same sex marriage? First must look for the level of definition from the word marriage. We must first look at the Federal Marriage Amendment (FMA), in which it states that marriage is defined as a union between one man and one woman. On July 18th, 2006, the Congressional voted on the proposed Amendment that befell onto the House ofRead MoreThe Issue Of Same Sex Marriage1286 Words   |  6 Pagesrelationship that is â€Å"morally right†. When speaking on gay marriage, there are typically two views. To some it is just absouletly disgusting, and then to others it’s a beautiful thing. â€Å" Opponents of Same Sex Marriage say marriage is between a man and a woman and anything else i s morally wrong( â€Å"At Issue : Same Sex Marriage†) As a human being , whose right is it to tell someone who they can and can not love. Sometimes people may disagree with gay marriage on a spiritual level, but who is to say one person’sRead MoreThe Issue With Same-Sex Marriages1568 Words   |  6 Pagesdebate about the issue of same-sex marriage. For many, it is one of the fundamental human rights to love and marry whomever one chooses. Others feel that this right should be ruled by certain moral codes and restrictions in order to maintain the basic moral fabric of Western society. Today, many critics who advocate for the legalization of same-sex marriage across the United States do so on the grounds of the fact that it will create a more equal and fair society. Same-sex marriage, or indeed simplyRead MoreThe Issue Of Same Sex Marriage1711 Words   |  7 Pagesyear. Same-sex marriage is a debatable topic that attracts many responses from those supporting and those opposing the issue. People who dispute gay marriage believe it is morally wrong, while gay rights activists believe that all marriages be treated equally. This dispute is put into several different lights including morals, family values and religion; and those of equality, constitutionality. Section 1: The first major law that affected same-sex marriage was the Defense of Marriage Act (DOMA)Read MoreThe Issue Of Same Sex Marriage1664 Words   |  7 Pagesconclusions which declare that every generation after the Salient Generation (1928-45) is more in favor of same-sex marriage. The primary component here is that â€Å"younger generations express higher levels of support for same-sex marriage† (Mitchell). As far as reflecting the change in attitudes, the data shows that older generations â€Å"have become more supportive of same-sex marriage in the past decade† (Mitchell). In relation to Lewis and Gossett’s research, their research aligns in their claim thatRead MoreThe Issue Of Same Sex Marriage931 Words   |  4 PagesThe issue of same-sex marriage is an extremely controversial topic within Ireland. The discussion reached its zenith on May 28th, 2015, when the predominately Roman Catholic Republic of Ireland became the first country in the world t o legalize same-sex marriage by popular vote. Additionally, the issue divided the population of Ireland into two corners: those who were pro-family versus those who were pro-marriage. Pro-family citizens opposed the marriage equality referendum and the pro-marriage side

Accounting Financial Analysis Report IFRS Copyright

Question: Describe about the Accounting Financial Analysis Report for IFRS Copyright. Answer: A: The AASB standard consists of IFRS copyright material. The Australian Accounting Standard Boards (AASB) have been working for making of the Australian Standards and interpretations as applied by the Corporation Act 2001 for constructing financial reports (AASB 2015). It actually establishes several principles that an entity applies to create a report about the productive information to the financial users about the uncertainty of revenue, timing and nature of flow of income with the consumers. The primary goal of the above said standard is show the amount of revenue which the association earns on exchange of promised goods and services to the customers, within the amount which shows the consideration to which the entities are expected to be entitled in exchange of the products and services which they offer to their customers (Mazhambe 2014). The entity is entitled to take into consideration all the terms and conditions while applying this standard. This standard is also involved in accounting for individual contracts with the customers. There are several other places where this standard can be applied fruitfully: 1) All the entities that prepares the financial reports which isin accordance with Corporation Act. 2) Financial statements of general purpose of each otherreporting entity 3) Those financial statements that are held fir general-purpose financial statements However, there are certain exceptions to this standard as well, anentity cannot apply this standard to the customers which havelease contracts within the AASB 4 117 lease scope. This standard cannot be applied where there is non-monetary exchange in between two companies that offer the same goods or services to their consumers, as if for an example this standard is not applicable for twoflourmills that exchange their goods to meet the market demand in a different specified location on the timely basis (AASB 2015). While taking contractual decisions, the contract must be properly identified, only the contracts, which lie within the scope of this standard, are entitled to be considered for agreement in between two or more parties. The enforcement of the obligations and right in a contractual process is a matter of law (Potter and Wright 2013). Both the parties must be ready to abide by the laws set by the contract in accordance with the customary, business practices. The rights regarding the payment of terms must be properly identified. The contract also contains the commercial substance including the timing, uncertainty are expected to flow to change because of the contract. Certain contracts have no fixed duration and therefore can be modified by either of the parties at any point of time, while some contracts can be renewed automatically periodically. B: The IASB has published the AASB 15 that is AASB-revenue from contracts with the customers. The contracts with the customers would require a single source of accounting as per the AASB 15. The entities may be required to collect the revenue relatively earlier than it does in the current scenario under AASB (AASB 2015). The AASB 118 lacks the guidance on the accounting for contract modifications and there is a need to introduce some changes in the accounting policies of the entity. The existing revenue standards suffered from the deficiencies and in order to address the deficiencies the IASB has issued the AASB 15 (AASB 2015). In order to ensure that the entities in Australia would continue to obtain the benefits firm the preparation of the financial statements that are incompliance with the IFRS. The AASB 118 and 111 provided the limited guidance and such guidance was difficult to apply in the complex situation. The preparation of the financial statements would face uncertainty when it comes to apply the existing revenue contracts in the absence of comprehensive guidance and principles. This uncertainty has a detrimental impact on the revenue information provided by the business (Nobes 2012). This is because the ambiguity of the judgment when applying the standards diminishes the credibility and comparability of the revenue lines as a measure of the financial performance of the entity. The investors faced with the inadequate information when it comes to understand the revenue, judgment of the entity and the estimate made by it recognizing the revenue and this was mainly due to the disclosure requirement of AASB 111 and 118 (Gray and Kang 2014). The issuance of AASB 15 seeks to clarify the principles for recognizing the revenue so that a common revenue standard is developed for the IFRS. The IASB has chosen to modify the standard because the Australian entities would not be able to receive th e benefits from the as they would claim that the financial statements are prepared in compliance with the IFRS. Therefore, it can be concluded that the revision of the standards and the introduction of AASB 15 is to address the shortcomings of the earlier standards. C: The chosen company is Landlease and the CFO of the company would be advised on the changes and the impact, which the new standard would have on the financial statements. The introduction of the new standards would reduce the cost of the financial statements for the business operated in Australia (Carey and Tanewski 2014). The financial statements of the reporting entity would be required to assess the entity on ongoing basis and this require that the standalone selling price of the service sand goods is to be estimated and reallocating the transaction price and it would include the variable price provided by the customers with the introduction of the new standards, the companys increased cost of auditing the financial statements would depend on the extent of the change. The AASB15 has brought significant recognition to the Australian company, also has widely affected the remuneration in the construction sector (Barth 2013). It has significantly affected the pattern of revenue and profit recognition, and the bank covenants including the bonus and share based payments. An important impact under AASB 15 including the sales commissions, installation fees , contract renewal availability, services many other fields in bunch. The new standards would have impact on the cost of the financial statements users as the users would have the adjustment period which would incur the cost and this includes the cost needs to change the process of their analysis (AASB 2015). There would also be long-term reduction in the cost of education of the users of financial statements and this is applicable around the transactions and industries. Recommendations: The majority of the leasing decisions are not driven completely by the accounting objectives. However, the AASB 15, leases is likely to cause an increase in the administrative loads and will possibly create changes in the real estate policies. Accounting financial reports hence forth, it suggests that the leases should make sure that they are ready for this newly set standard. The corporation policy is likely to be effected to a great extent regarding the structure of the lease ,own versus lease and sales and leaseback as well and companies are expected to witness biggest impact from this new leasing policy Conclusion: AASB 15 has resulted in revenue allocation for the performance obligation, meaning that in the beginning of the each contract of Landlease will record revenue and overall profit that is attributed to the supply of the construction material. In comparison to the current practice, if we compare the current practice, this would result in generating more revenue on contract inception. Thereby, overall is showing that resulting in less profit or revenue over the revenue contract. Reference: AASB, C.A.S., 2015. Revenue from Contracts with Customers. Barth, M.E., 2013. Measurement in financial reporting: The need for concepts.Accounting Horizons,28(2), pp.331-352. Carey, P., Potter, B. and Tanewski, G., 2014. AASB Research Report No. Gray, S.J. And Kang, H., 2014. ACCOUNTING TRANSPARENCY AND INTERNATIONAL STANDARD SETTING.The Oxford Handbook of Economic and Institutional Transparency, p.456. Mazhambe, Z., 2014. Review of International Accounting Standards Board (IASB) Proposed New Conceptual Framework: Discussion Paper (DP/2013/1).Journal of Modern Accounting and Auditing,10(8). Nobes, C., 2012. On the Definitions of Income and Revenue in IFRS.Accounting in Europe,9(1), pp.85-94. Potter, B., Ravlic, T. and Wright, S., 2013. Developing accounting regulations that reflect public viewpoints: The Australian solution to differential reporting.Australian Accounting Review,23(1), pp.18-28. Ruhl, J.M. and Smith, O.M., 2013. The Accounting Entity, Relevance, and Faithful Representation: Linking Financial Statement Notes to the FASB and IASB Conceptual Frameworks.Issues in Accounting Education,28(4), pp.1009-1025.