Wednesday, February 26, 2020

Short term and long term environmental impact of the Royal Ascort Essay

Short term and long term environmental impact of the Royal Ascort - Essay Example This includes improving the gateway view from the Western Approach and opening up the views of open land and Ascot’s high street. Introduction of the new pond must have improved the areas ecological standing through habitat diversification. Redevelopment of the racecourse came with inherent benefits like infrastructural improvements especially in road networks which are meant to make the racecourse to be more accessible. The construction of two underpasses improved the traffic flow in the region. The most notable aspect of the 2006 redevelopment of the Ascot Racecourse in Berkshire is that the developer endeavored to keep the service roads, all the perimeter walls, and under and inside the new grandstand, clear of construction debris even as the construction work was ongoing. The racecourse developer worked with a team of road sweepers to ensure that during the entire project, existing roads, underpasses and new roads were swept clean. Prior to the opening of the racecourse, the team worked for 24 hours a day for a period of one week to ensure that the service roads and the highways are clean. This approach ensured that the high street areas and the racecourse were clear of rubbish and site debris which helped to control the environmental impact of the reconstruction and prevent disruption of residents in the two year period. As a key event in the British social calendar, the Ascot racing facility hosts up to 80,000 people during some of its key events. Such a gathering of people in an open space is bound to lead to noise pollution as the massive crowd shouts to cheer their favorite horse to victory. Traffic congestion has a negative environmental impact because of the high concentration of exhaust fumes that is likely to take place as a result of the congestion. Event days at Ascot Racecourse are often characterized by a high traffic

Monday, February 10, 2020

3M COMPANY Coursework Example | Topics and Well Written Essays - 1250 words

3M COMPANY - Coursework Example A unique accounting standard is used across the world to deliver a unique and global standard high quality accounting and reporting of financial statements. The main purpose is to convey the economic condition of an organisation in the most fair and unbiased manner. The shareholders would make use of such information to make decision whether to invest in a company or not. Evaluation of the purpose and context of International Financial Reporting Standards The International Financial Reporting Standards Foundation (IFRS) is an autonomous, non –profit organisation that works for the interest of the public. It is devised as a universal global language that is used for business dealings so that the accounts of a company are comprehendible and comparable across boundaries of nations and continents. The main purpose of this accounting standard is to overcome the cross country barriers in today’s time when many companies have their operations overseas and hence have to account for their businesses in different business languages (Bragg, 2010, p.172). The European Union was the first to abide by the IFRS. However, it was later adopted by the other countries across the globe considering the benefits it provided. Prior to the implementation of the IFRS, the International Accounting Standards was used which operated between the years 1973 and 2001 and was controlled by International Accounting Standards Committee (IASC). The prime objectives of the IFRS include: Development of a distinct set of premium, comprehendible, imposable and internationally accepted IFRS through its regulatory and supervisory body. Promotion of such standards and ensuring that it is properly implemented. Providing with assistance to the developing countries in their financial reporting needs. Promotion and adoption of an improved IFRS through the union of IFRS and the National Accounting standards. The IFRS is used across the world by the different companies. Regulatory bodies, analy sts and accounting professionals with an aim to reduce costs for comparing financial statements that otherwise would have arisen due to use of various accounting standards. Most of the MNC’s have cross country operations and they would benefit most from this IFRS as it is a unique standard of accounting. However it had been argued by several experts that the IFRS may not provide with a fair valuation of the companies residing in different countries because the local laws of countries may vary and thus losses or profit may not be accounted for in a proper manner (Kirk, 2006. p.306). The foundation ensures accountability to the public through the pathway of keeping their work transparent and consulting with any party who is interested in this process of setting a standard. They also link to the public in a formal way. There is a monitoring board that is linked to the public for all their accounting questions. The trusties review the constitution once in every five years. The pu blic can also access their proposals through their website and provide recommendations. All their meetings are open to the public and the notes are also disclosed to the public. 3M communicates with its shareholders and sends out the detailed financial performance in the Annual General Meeting through the Publication of the annual report (Needles, 2013, p.714). The main objective of 3M is to impart an unbiased awareness among the investors of the company and encouraging them to hold on with such investments. The company is accountable to the shareholders because they are the ultimate owners of the company. There is a problem with disclosing all the information in