GLOBAL ECONOMIC CRISIS A CHALLENGE TO ACCOUNTING PROFESSION By SHEHU USMAN HASSAN Department of Accounting Ahmadu Bello University‚ Zaria. 08067766435‚ 08057777085 Shehu.hassanus.usman@gmail.com A paper presented at International Conference with the theme: Global Financial Crises and African Quest for Development‚ Faculty of Administration‚ Ahmadu Bello University‚ Zaria. Kongo Conference Hotel‚ Zaria. Kaduna State‚ Nigeria. JULY 20th - 22th ‚ 2010 Abstract Accounting practices
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resource for people everywhere. However‚ our water supply is decreasing due to many factors. In exploring this dilemma module 5 raises questions such as Who will be entitled to water when supplies become scarce? In the text‚ Facing the Fresh Water Crisis‚ Rodgers claimed that the exponential water consumption will eventually degrade all ecosystems on Earth. In response to the question raised by module 5 Rodgers argued that current technologies can avert a water war between societies. He takes a preventive
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Discuss the causes of the sub-prime crisis and the parties responsible for such a crisis. Sherman Oh E S Principles of banking & finance (PBF) Mr Marvin Ang 26th January 2013 According to www.investopedia.com‚ the world “subprime” defines to “A classification of borrowers with a tarnished or limited credit history” and that is what led to the titanic crisis of 2008-2009. This essay will explore the events‚ which eventually led to many mortgage delinquencies and foreclosure of these sub prime
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For thirteen days in October of 1962‚ the world lingered on the verge of a nuclear conflict of unparalleled proportions. In the eyes of those involved with the crisis every action seemed to flirt with disaster and beckon doomsday. The United States discovered the presence of Soviet missile silos in Cuba‚ capable of launching nuclear-tipped weaponry that could target much of the Eastern United States. President John F. Kennedy‚ under pressure from his advisors chose to order a naval “quarantine”
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Theme: Crisis and Opportunity Topic: Water Crisis- a catalyst of Innovation and International Cooperation 1) Introduction Nowadays‚ we have created our own world of technology. Convenience and efficiency are catered through it. Yet‚ the earth‚ the natural world‚ seems to rebel against such artificial world‚ by sending signals of natural crises to us. In this project‚ we are going to talk about "How people benefit from Water Crisis" surrounding the theme "Crisis and Opportunity". The water
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The Suez crisis was a conflict that could have easily turned into a third World War. With a battle between the Israelis and Egyptians at Sinai‚ the British and French invasion of Egypt‚ and nuclear threats from the Soviet Union‚ all of the elements were present to escalate the conflict and pull other countries into the fray. Canada had no direct ties to the Suez crisis‚ in terms of control or economic interest. However‚ Canadian Secretary of State for Foreign Affairs‚ Lester B. Pearson‚ persuaded
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jeopardized careers and mortgaged these institutions’ futures”(Wallace‚ 2008). The nation is currently attempting to deal with the biggest financial crisis since the Great Depression. It is now imperative that a way be found which will re-regulate finance without undermining finance’s needed innovative capacity. The origin of the financial crisis can be dated back to 2006. During that period in time‚ companies began buying trillions of dollars of complex financial products called ‘structured credit
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Noticeably‚ the recent Global Financial Crisis of 2008 was one of the worse financial crises the world has seen since the Great Depression during the 1930s. The recent crisis has led to stock market collapses around the world‚ large financial institutions have collapsed or have been bought out whilst unemployment has increased‚ people fell into deep credit problems which left many households encountering financial difficulties. Whilst the impacts of the crisis remains severe and still has a major impact
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The Cuban Missile Crisis The Cuban Missile Crisis was a period of thirteen days‚ lasting from October 14 to October 28‚ 1962‚ during which nuclear war with the Soviet Union seemed imminent. In the height of the Cold War‚ Russia had stationed nuclear warheads in Cuba. The proximity of the weapons sent the nation into a panic and created extreme tensions between the United States and Soviet Union. Eventually‚ an agreement to dismantle the weapons was announced and war was avoided. However‚ the public
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When do you need a proactive crisis management plan? Although proactive crisis management is a must today for each and every business due to the uncertain nature of the business environment in today’s world‚ it is especially important for companies that operate in a very uncertain or risky environment and are expected to face crisis now and then. Proactive crisis management is forecasting potential crises and planning how how to deal with them. Potential crisis that may be forecast can run
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